`UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  FORM 10-QSB

(Mark One)

[   ]   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 0-30587

                       Newport International Group Inc.
       (Exact name of small business issuer as specified in its charter)

               Delaware                                   23-3030650
    (State or other jurisdiction of                    (I.R.S. Employer
    incorporation or organization)                    Identification No.)

              11863 Wimbledon Circle, #418, Wellington, FL 33414
                   (Address of principal executive offices)

                                (561) 389-6725
                          (Issuer's telephone number)

                                Not applicable
  (Former name, former address and former fiscal year, if changed since last
                                    report)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.   Yes [x]    No [   ]

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

Check whether the issuer filed all documents and reports required to be filed
by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes [ ] No [ ] NOT APPLICABLE

                     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:   Newport International Group
Inc. had 9,281,982 shares of common stock, par value $0.0001, outstanding as of
March 31, 2003.

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


                        PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED).

       In the opinion of management, the accompanying unaudited financial
statements included in this Form 10-QSB reflect all adjustments (consisting
only of normal recurring accruals) necessary for a fair presentation of the
results of operations for the periods presented.  The results of operations for
the periods presented are not necessarily indicative of the results to be
expected for the full year.




                       NEWPORT INTERNATIONAL GROUP, INC.
                        (A DEVELOPMENT STAGE COMPANY)



                    INDEX TO CONDENSED FINANCIAL STATEMENTS


                                                                   PAGE
CONDENSED FINANCIAL STATEMENTS

   Balance Sheets                                                  F-1

   Statements of Operations and Comprehensive Loss                 F-2

   Statements of Cash Flows                                        F-3

   Notes to Condensed Financial Statements                      F-4 - F-8





                       NEWPORT INTERNATIONAL GROUP, INC.
                         (A Development Stage Company)

                                BALANCE SHEETS



               ASSETS
                                                        March 31,
                                                          2003        December 31,
                                                       (Unaudited)        2002
                                                       -----------    -----------
Cash and Cash Equivalents                               $        -     $        -

Investment Securities                                      207,928        209,668

Officer Advances                                            72,000              -

Land Deposits and Deferred Development Costs                53,500         53,500

Property and Equipment                                       1,466          1,636

Deferred Tax Asset                                               -              -
                                                       -----------    -----------
                                                         $ 334,894     $  264,804
                                                       ===========    ===========


 LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Liabilities:
 Line of credit                                             49,184         49,184

 Bank overdraft                                             24,135         24,971

 Accounts payable                                           41,353         52,248

 Accrued officers salaries                                 128,281        361,030

 Loans from officer                                        173,996        132,221

 Accrued interest, related parties                          65,393         53,939

 Convertible debenture payable, stockholder                370,000        370,000

 Loan payable, stockholder                                  10,000         10,000
                                                       -----------    -----------
Total Liabilities                                          862,342      1,053,593
                                                       -----------    -----------

Commitments                                                      -              -

Stockholders' Deficiency:
 Preferred stock - $.0001 par value,
  5,000,000 shares authorized, no shares
  issued and outstanding                                         -              -
 Common stock - $.0001 par value,
  20,000,000 shares authorized,
  9,281,982 shares issued and outstanding                      928            748
 Additional paid-in capital                              1,673,771      1,313,951
 Deficit accumulated during development stage           (2,135,192)    (2,039,026)
 Accumulated other comprehensive loss                      (66,955)       (64,462)
                                                       -----------    -----------
Total Stockholders' Deficiency                            (527,448)      (788,789)
                                                       -----------    -----------
                                                        $  334,894     $  264,804
                                                       ===========    ===========



                 See notes to condensed financial statements.





                       NEWPORT INTERNATIONAL GROUP, INC.
                         (A Development Stage Company)

                STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS


                                                                        Cumulative
                                          Three Months Ended March 31,     From
                                              2003           2002        Inception
                                           (Unaudited)    (Unaudited)   (Unaudited)
                                           -----------   ------------  ------------
Revenues:
  Investment income                        $       752   $      1,505  $      7,889
                                           -----------   ------------  ------------
Costs and Expenses:
  Professional fees                             16,463         57,979       596,217
  Consulting fees                                    -              -       563,648
  Rent, related parties                          3,172          3,172        31,809
  General and administrative                    65,808         17,339       542,993
  Interest, stockholder                         11,475        314,812       408,414
                                           -----------   ------------  ------------
                                                96,918        393,302     2,143,081
                                           -----------   ------------  ------------
Net Loss                                   $   (96,166)  $   (391,797) $ (2,135,192)
                                                                       ============

Other Comprehensive Loss                        (2,492)        (3,766)
                                           -----------   ------------

Comprehensive Loss                         $   (98,658)  $   (395,563)
                                           ===========   ============

Net Loss Per Common Share                  $     (0.01)  $      (0.06)
                                           ===========   ============

Weighted Average Common Shares Outstanding   8,681,982      6,583,087
                                           ===========   ============


                 See notes to condensed financial statements.






                       NEWPORT INTERNATIONAL GROUP, INC.
                         (A Development Stage Company)

                           STATEMENTS OF CASH FLOWS

                                                                                           Cumulative
                                                         Three Months Ended March 31,         from
                                                           2003               2002          Inception
                                                        (Unaudited)       (Unaudited)      (Unaudited)
                                                       ------------       ------------     ------------
Cash Flows From Operating Activities:
   Net loss                                            $   (96,166)       $  (391,797)     $(2,135,192)
   Adjustments to reconcile net loss to net cash
    used in operating activities:
  Depreciation                                                 170                188            1,513
  Expenses paid by issuance of common stock                360,000              2,171        1,051,833
  Expenses paid on behalf of Company by stockholder              -                  -              829
  Beneficial conversion on loan payable, stockholder             -            307,800          333,000
  Officer advances recorded as compensation                      -              6,458           25,830
  Change in operating assets and liabilities:
    Increase in officer advances                           (72,000)                 -          (97,830)
    Increase in land deposits and deferred
      development costs                                          -            (20,000)         (53,500)
    Increase (decrease) in accounts payable                (10,896)            12,149           41,353
    Increase (decrease) in accrued officers salaries      (232,749)                 -          128,281
    Increase in accrued liabilities, related parties        11,454              7,691           65,393
                                                       ------------       ------------     ------------
      Net cash used in operating activities                (40,187)           (75,340)        (638,490)
                                                       ------------       ------------     ------------

Cash Flows From Investing Activities:
  Purchases of property and equipment                            -               (112)          (2,979)
  Purchases of investment securities                          (752)            (1,505)        (274,883)
                                                       ------------       ------------     ------------
      Net cash used in investing activities                   (752)            (1,617)        (277,862)
                                                       ------------       ------------     ------------

Cash Flows From Financing Activities:
  Proceeds from line of credit                                   -             47,185           49,184
  Increase (decrease) in bank overdraft                       (836)                 -           24,135
  Proceeds from loans from officer                          89,600                  -          255,281
  Repayment of loans from officer                          (47,825)                 -          (81,285)
  Proceeds from loans from stockholder                           -             30,000          380,000
  Proceeds from issuance of common stock                         -                  -          157,037
  Proceeds from common stock subscribed                          -                  -          132,000
                                                       ------------       ------------     ------------
      Net cash provided by financing activities             40,939             77,185          916,352
                                                       ------------       ------------     ------------

Net Increase in Cash and Cash Equivalents                        -                228                -

Cash and Cash Equivalents, Beginning                             -                660                -
                                                       ------------       ------------     ------------

Cash and Cash Equivalents, Ending                      $         -        $       888      $         -
                                                       ============       ============     ============

Supplemental Disclosures of Non-Cash Investing
  and Financing Activities:
    Unrealized loss on investment securities
      available for sale, net of income taxes of
      $925 and $2,300 respectively                     $     2,492        $     3,766
                                                       ============       ============



                 See notes to condensed financial statements.



                       NEWPORT INTERNATIONAL GROUP, INC
                         (A DEVELOPMENT STAGE COMPANY)

                    NOTES TO CONDENSED FINANCIAL STATEMENTS

                                MARCH 31, 2003





NOTE 1.SUMMARY OF BUSINESS OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

      BASIS OF PRESENTATION

         The  accompanying  unaudited  condensed financial statements have been
         prepared by the Company pursuant  the  rules  and  regulations  of the
         Securities  and  Exchange  Commission  ("SEC")  and, in the opinion of
         management,  include all adjustments (consisting of  normal  recurring
         accruals) necessary  for  fair  presentation  of  financial  position,
         results of operations and cash flows for the interim periods.  Certain
         information  and  footnote  disclosures normally included in financial
         statements prepared in accordance  with  generally accepted accounting
         principles have been condensed or omitted  pursuant  to  the rules and
         regulations  of  the  SEC.   The Company believes that the disclosures
         contained herein are adequate  to  make  the information presented not
         misleading.  The statements of operations  for  the three months ended
         March 31, 2003 are not necessarily indicative of  the  results  to  be
         expected  for  the  full  year.   These unaudited financial statements
         should be read in conjunction with  the  audited  financial statements
         and accompanying notes included in the Company's 2002 Annual Report on
         Form 10-K for the year ended December 31, 2002.

         The  condensed  financial  statements have been prepared  on  a  going
         concern  basis,  which contemplated  the  realization  of  assets  and
         satisfaction  of  liabilities   in  the  normal  course  of  business.
         Recurring losses from operations  and  operating  cash constraints are
         potential factors, which, among others, may indicate  that the Company
         will be unable to continue as a going concern for a reasonable  period
         of  time.   The  independent auditors' report on the December 31, 2002
         financial statements  stated the Company, "{ellipsis} has generated no
         operating revenues and,  accordingly,  has  suffered  and continues to
         suffer  net  losses.  These  factors,  among others, raise substantial
         doubt about the Company's ability to continue as a going concern.  The
         financial statements do not include any  adjustments that might result
         from the outcome of this uncertainty."

         The  financial  statements  do  not  include adjustments  relating  to
         recoverability and classification of recorded  assets  amounts, or the
         amounts  and  classification  of  liabilities that might be  necessary
         should the Company be unable to continue  as  a  going  concern.   The
         Company's ability to continue as a going concern is dependent upon its
         ability to generate sufficient cash flow to meet its obligations on  a
         timely basis and ultimately to attain profitable operations.

      DEVELOPMENT STAGE COMPANY

           Newport  International  Group,  Inc.  was originally incorporated in
         Delaware  on December 27, 1999, to serve as  a  vehicle  to  effect  a
         merger, exchange  of common stock, asset acquisition or other business
         combination with domestic  or foreign private business. The Company is
         a  real  estate  holding  and  development   company   that   develops
         commercial,   industrial,   and   residential   properties   from  raw
         undeveloped land which commenced financial activities in 2000.   Since
         that  time, the Company has been principally engaged in organizational
         activities, business




                       NEWPORT INTERNATIONAL GROUP, INC
                         (A DEVELOPMENT STAGE COMPANY)

                    NOTES TO CONDENSED FINANCIAL STATEMENTS

                                MARCH 31, 2003





NOTE 1.SUMMARY OF  BUSINESS  OPERATIONS  AND  SIGNIFICANT  ACCOUNTING  POLICIES
      (Continued)

      DEVELOPMENT STAGE COMPANY (Continued)

         plan  development  and  raising capital.  Accordingly, the Company  is
         considered  to  be  in the development  stage,  and  the  accompanying
         financial statements represent those of a development stage company.

      NAME CHANGES

         The Company was originally  organized  as  First  Philadelphia Capital
         Corp.   As a result of the business combination on October  30,  2000,
         the Company  changed  its  name to Conservation Anglers Manufacturing,
         Inc.   In January 2001, the Company  again  amended  the  Articles  of
         Incorporation  and  changed  its  name to Newport International Group,
         Inc.

      DEFERRED DEVELOPMENT COSTS

         Costs incurred in connection with acquiring and developing real estate
         have been deferred and capitalized.

      DEFERRED TAX ASSET

         Deferred tax asset consists of the following:

                        2003        2002
Deferred tax asset     $24,925    $24,000
Valuation allowance    -24,925    -24,000
                    $      -0-   $    -0-

      NET LOSS PER COMMON SHARE

         The  net  loss  per  common share in the  accompanying  statements  of
         operations has been computed based upon the provisions of Statement of
         Financial Accounting Standards No. 128, Earnings Per Share.  The basic
         and diluted net loss per  common  share in the accompanying statements
         of  operations is based upon the net  loss  divided  by  the  weighted
         average  number of shares outstanding during each period.  Diluted per
         share data  is the same as basic per share data since the inclusion of
         all potentially dilutive common shares that would be issuable would be
         anti-dilutive.




                       NEWPORT INTERNATIONAL GROUP, INC
                         (A DEVELOPMENT STAGE COMPANY)

                    NOTES TO CONDENSED FINANCIAL STATEMENTS

                                MARCH 31, 2003





NOTE 2.LOANS PAYABLE, STOCKHOLDER

      In 2001, the Company  received  $312,000 in loans from a stockholder.  In
      2002,  the  Company  executed  a convertible  debenture  agreement  dated
      January 18, 2002 for $370,000 with  this  stockholder,  all  of which had
      been  funded  at  December  31, 2002.  The debenture, which provides  for
      interest at 12% commencing February  2002,  is  convertible  into  common
      stock  of  the  Company  at   $0.10 per share and is due on demand. As of
      March 31, 2003, the Company accrued  interest  of  approximately $65,000.
      The  stockholder owned approximately 547,500 shares of  common  stock  at
      March 31, 2003.

      In December  2002, the stockholder advanced an additional $10,000 loan to
      the Company that  is  separate  from  the  above  debenture.  The loan is
      unsecured, provides for interest at 15% commencing  December 2002, and is
      due with accrued interest on June 2, 2003.

NOTE 3.LINE OF CREDIT

      On January 18, 2002, the Company established a line of credit for $50,000
      with First Union National Bank. The interest rate of  the  credit line is
      at  prime plus 1.5% (5.75% at March 31, 2003) and is adjustable  monthly.
      The line  is  guaranteed by certain officers and directors of the Company
      and is secured  by  certain  investment  securities  held  at First Union
      having  a  value  of  approximately  $207,900  at  March  31, 2003.   The
      outstanding balance was $49,441 as of March 31, 2003.


NOTE 4.RELATED PARTY TRANSACTIONS

      OFFICER COMPENSATION

         Salary of approximately $31,250 has been accrued for the  three months
         ended March 31, 2003, for the Chief Executive Officer of the Company.

         In  February  2003,  the Vice President of Public Relations was  given
         1,800,000  shares  of  the   Company's   restricted  common  stock  as
         compensation for services to the Company for  the  period  April  2000
         through  December  2003.   The Company estimates the fair value of the
         common  stock  issued  to  be  approximately  $360,000.   Accordingly,
         $264,000 was accrued and recorded  as  officer  salary  in  2002,  and
         $24,000  was  accrued  and  recorded  as  officer salary for the three
         months ended March 31, 2003.  The balance of  $72,000  is  recorded as
         officer  advance and will be expensed to officer salary at $8,000  per
         month.

            LOANS FROM OFFICERS

         The Company  made advances to and received advances from the Company's
         Chief Executive  Officer.   These advances are generally due on demand
         and bear no interest and relate  primarily  to operating expenses such
         as  utilities,  telephone,  professional  fees and  internet  services
         incurred  on behalf of the Company and reimbursed  to  the  CEO.   The
         outstanding  balance  of  the loans from the CEO at March 31, 2003 was
         approximately $114,000.




                       NEWPORT INTERNATIONAL GROUP, INC
                         (A DEVELOPMENT STAGE COMPANY)

                    NOTES TO CONDENSED FINANCIAL STATEMENTS

                                MARCH 31, 2003





NOTE 4.RELATED PARTY TRANSACTIONS (Continued)

      LOANS FROM OFFICERS (Continued)

         The Vice President of Public  Relations of the Company advanced a loan
         to the Company for $60,000 in March  2003.   The loan is due on demand
         and bears no interest.

NOTE 5.   INVESTMENT REFUNDS PAYABLE

      Included  in  accounts  payable  is  $1,000 due as a refund  of  a  stock
      subscription cancelled in October 2001  from an unqualified investor, and
      $100 due as a refund of an overpayment for  a stock subscription received
      in August 2002.  Both the aforementioned were paid in May 2003.

NOTE 6.COMMITMENTS

      LAND CONTRACTS

         In November 2000, the President and Chief  Executive  Officer executed
         certain land contracts to purchase approximately 3,300  acres  of land
         for  a total of $11,389,600, which the Company intended to develop  in
         the future.   Such  contracts  were due to close on September 1, 2001,
         but  were  extended to March 1, 2002  at  the  sellers'  request.  The
         President and  Chief  Executive  Officer personally deposited $180,000
         into escrow pending closing and the  Company would have reimbursed him
         when he assigned the contracts to the  Company.  On February 12, 2002,
         the  land  contracts  were  cancelled  and  the $180,000  deposit  was
         returned to the President and Chief Executive Officer. Simultaneously,
         on  February  12,  2002,  the  President and Chief  Executive  Officer
         executed a new land contract to  purchase approximately 2,300 acres of
         land for $15,000,000. The Company  deposited $10,000 in escrow pending
         closing  on  April  30,  2002.   The  closing  on  this  contract  was
         subsequently extended until July 29, 2002  and  as  consideration  the
         Company  released  the  $10,000  to  the  seller  that  was in escrow.
         Subsequently, the closing was again extended to September 30, 2002, in
         consideration for a $25,000 non-refundable deposit.  The  closing  was
         again  extended  to  December  30,  2002,  then to March 31, 2003, and
         subsequently  again  extended  to July 31, 2003,  with  no  additional
         deposit required.  The deposits  are  recorded  as  land  deposits and
         deferred development costs on the accompanying balance sheet.

         In  December  2001, the President and Chief Executive Officer  entered
         into purchase contracts to acquire 45 acres (9 lots) of vacant land in
         Wellington, Florida  for  a total purchase price of $470,000. In April
         2002, the President subsequently closed on two of the nine lots and in
         May 2002, closed on a third  lot.   The  remaining  six  lots  will be
         purchased when and if financing becomes available.  The President  and
         Chief  Executive  Officer will transfer the vacant land to the Company
         in exchange for a purchase price equal to his cost.




                       NEWPORT INTERNATIONAL GROUP, INC
                         (A DEVELOPMENT STAGE COMPANY)

                    NOTES TO CONDENSED FINANCIAL STATEMENTS

                                MARCH 31, 2003





NOTE 6.COMMITMENTS (Continued)

      PROFESSIONAL SERVICES AGREEMENTS

           The Company entered  into an agreement dated February 18, 2003, with
         National Asset Funding,  Inc.  for  certain  professional  services in
         connection  with  preparing a private placement memorandum with  which
         the Company hopes to  issue  and  sell  its  own corporate bonds.  The
         agreement  requires  a  $20,000  non-refundable engagement  fee,  with
         $5,000 due at signing, which the Company  has paid, and the balance of
         $15,000  due  at the Company's earliest convenience.   The  additional
         $15,000 has not been paid as of March 31, 2003.

      LOAN PROPOSALS RECEIVED

           On December 12,  2002, Funding America Mortgage Corporation issued a
         loan commitment application  for  $21,000,000  to  the  Company.   The
         interest  rate  is  the  six-month  LIBOR  plus  a margin of 550 basis
         points, with a floor of 7%.  The loan term is five  years  with  a  20
         year amortization.  There is a loan guaranty fee of $880,000, which is
         due  at  the  execution  of loan commitment, and an application fee of
         $10,000 due upon signing the loan commitment application.

           The Company is preparing  a  private placement memorandum with which
         it hopes to issue and sell its own  corporate bonds.  The bonds are to
         backed by a funding agreement with a AAA rated insurance company.  The
         Company has not yet identified any insurance  company  for the funding
         agreement,  nor  any  bond broker to sell the bonds.  The Company  has
         entered into an agreement with National Asset Funding, Inc. to provide
         professional services in connection with this process.

           The Company is conducting  its  own  due diligence process, and will
         review all the terms of both the above proposals  before proceeding to
         any commitment and has not made any commitment as of May 28, 2003.


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

       The following discussion should be read in conjunction with the
information contained in the financial statements of the Company and the Notes
thereto appearing elsewhere herein.

PLAN OF OPERATION

       To date, we have raised approximately $700,000 in initial seed capital
from friends and family members.  We have used these funds to create our
business plan and pay the expenses associated with creating and maintaining a
company that files reports with the SEC.  If we are unable to obtain sufficient
financing, we will not purchase the property.  If we do not purchase the
property, we should have enough resources for the next 12 to 18 months.

       The aggregate purchase price of the properties is approximately $15.5
million. Following the purchase of the Sumter County property, we anticipate
spending an additional $1 million to complete our studies of the property and
the rezoning, permitting and approval process.  With respect to the Wellington
property, we plan to spend approximately $600,000 for infrastructure.

       We plan to pay for these costs through the proceeds of debt and equity
financings.  We also plan to seek community development bonds to pay for
infrastructure costs, which we estimate at $90-$100 million.  We have not yet
received a firm commitment for any financing and there can be no assurance that
we will be able to obtain one.  If adequate funds are not available, we may be
required to delay or curtail our plans or obtain funds by entering into
arrangements with collaborative partners or others who may require us to
relinquish some of our rights to the property.

       The following is a proposed timetable for our activities:

Present                             -  seek and obtain financing for the purchase of
                                       the Sumter property

Next six to twelve months           -  seek and obtain financing for the purchase of
                                       the Wellington property

                                    -  commence sales of the Wellington lots

Eighteen to twenty-four months      -  complete the DRI and land use plan designation
after purchase of Sumter County        amendment procedures for Sumter County project
property
                                    -  develop our master site plans and identify all
                                       land usage for Sumter County project

                                    -  initiate contacts with potential developers,
                                       partners and commercial tenants in various
                                       sectors for Sumter County project

                                    -  apply for CDD status and begin accepting
                                       deposits on the sale or lease of parcels for
                                       Sumter County project

                                    -  increase staff to seven to ten full-time
                                       personnel and ten to twelve contract
                                       professionals for Sumter County project

       If we are unable to purchase the Wellington property, we will focus our
efforts solely on the Sumter County project, which is much more significant to
us.  If we are unable to purchase the Sumter County property, we will seek to
locate an alternate property with similar development potential.  We would
likely seek a mixed use property in Florida for an alternate property.  We
would also seek to identify a property in an area that is likely to experience
an increase in population on property values.

       The Company is preparing the necessary documents for closing the loan as
per the request of Funding America Mortgage Corporation. The documents consist
of (1) Appraisal, (2) Environmental Phase 1 report and (3) survey of the
Property in Sumter County. We expect to have all 3 documents ready to present
to Funding America in June, 2003. The exact closing date depends on Funding
America's review of such documents.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

       This Form 10-QSB quarterly report and other reports, as well as other
written and oral statements made or released by the Company, may contain
forward looking statements. Forward-looking statements are statements that
describe, or that are based on, the Company's current expectations, estimates,
projections and beliefs. Forward-looking statements are based on assumptions
made by the Company, and on information currently available to the Company.
Forward-looking statements describe the Company's expectations today of what it
believes is most likely to occur or may be reasonably achievable in the future,
but such statements do not predict or assure any future occurrence and may turn
out to be wrong. You can identify forward-looking statements by the fact that
they do not relate strictly to historical or current facts. The words
"believe," "anticipate," "intend," "expect," "estimate," "project", "predict",
"hope", "should", "may", and  "will", other words and expressions that have
similar meanings, and variations of such words and expressions, among others,
usually are intended to help identify forward looking statements.

       Forward-looking statements are subject to both known and unknown risks
and uncertainties and can be affected by inaccurate assumptions we might make.
Risks, uncertainties and inaccurate assumptions could cause actual results to
differ materially from historical results or those currently anticipated.
Consequently, no forward-looking statement can be guaranteed. The potential
risks and uncertainties that could affect forward looking statements include,
but are not limited to statements concerning our operations, economic
performance, financial condition, growth and acquisition strategies,
investments, and future operational plans.  In addition, other risks,
uncertainties, assumptions, and factors that could affect the Company's results
and prospects have been and may further be described in the Company's prior and
future filings with the Securities and Exchange Commission and other written
and oral statements made or released by the Company.

       The Company cautions you not to place undue reliance on any forward-
looking statements, which speak only as of the date of this document. The
information contained in this report is current only as of its date, and the
Company assumes no obligation to update any forward-looking statements.

ITEM 3.  CONTROLS AND PROCEDURES.

       The Company maintains a system of controls and procedures designed to
provide reasonable assurance as to the reliability of the financial statements
and other disclosures included in this report, as well as to safeguard assets
from unauthorized use or disposition.  Within 90 days prior to the filing of
this report, the Company's Chief Executive Officer and principal financial
officer have evaluated the effectiveness of the design and operation of the
Company's disclosure controls and procedures with the assistance and
participation of other members of management.  Based upon that evaluation, the
Company's Chief Executive Officer and principal financial officer concluded
that the Company's disclosure controls and procedures are effective for
gathering, analyzing and disclosing the information the Company is required to
disclose in the reports it files under the Securities Exchange Act of 1934
within the time periods specified in the SEC's rules and forms.  There have
been no significant changes in the Company's internal controls or in other
factors which could significantly affect internal controls subsequent to the
date the Company carried out its evaluation.


                          PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

       There are no legal proceedings against the Company and the Company is
unaware of such proceedings contemplated against it.

ITEM 2.  CHANGES IN SECURITIES.

       There have been no changes or modifications in the Company's securities.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

       There has been no default upon senior securities.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

       No matters were submitted to a vote of the security holders during the
quarterly period covered by this report.

ITEM 5.  OTHER INFORMATION.

       None; not applicable.

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

(a) Exhibits:

       Index of exhibits required by Item 601 of Regulation S-B:

EXHIBIT NO. DESCRIPTION OF EXHIBIT
----------- ----------------------
3.1         Certificate of Incorporation (1)
3.2         By-Laws (1)
3.3         Certificate of Incorporation, as amended (2)
4.1         Form of Common Stock Certificate (3)
4.2         2002 Stock Option and Stock Award Plan (4)
10.1        Land Sales Contract between Bigham Farms Inc. and Solomon Lam (5)
10.2        Land Sales Contract between Bigham Hide Inc. and Solomon Lam (5)
10.3        Addendum to Land Sales Contract dated August 22, 2001 between Bigham
            Farms Inc. and Soloman Lam (5)
10.4        Addendum to Land Sales Contract dated August 22, 2001 between Bigham
            Hide Inc. and Soloman Lam (5)
10.5        Second Amendment to Land Sales Contract dated October 18, 2001
            between Bigham Farms, Inc. and Soloman Lam (6)
10.6        Second Amendment to Land Sales Contract dated October 18, 2001
            between Bigham Hide, Inc., and Soloman Lam (6)
10.7        Convertible Debenture dated January 18, 2002 in the principal amount
            of $370,000 issued to Ken Myron (6)
10.8        Contract for Sale and Purchase dated February 7, 2002 between Bigham
            Hide Company, Inc., and Soloman Lam and/or Assigns (6)
10.9        Addendum to Contract for Sale and Purchase dated February 12, 2002
            between Bigham Hide Company, Inc., and Soloman Lam and/or Assigns (6)
10.10       Vacant Land Contract dated December 28, 2001 between Stephen Gruberg
            and Soloman Lam (Lot 302)(6)
10.11       Vacant Land Contract dated December 28, 2001 between Jacob Gruberg
            and Soloman Lam (Lot 303)(6)
10.12       Vacant Land Contract dated December 26, 2001 between Barry Gruberg
            and Soloman Lam (Lot 304) (6)
10.13       Vacant Land Contract dated December 26, 2001 between Mildred Gruberg
            and Soloman Lam (Lot 305) (6)
10.14       Contract for Sale and Purchase dated December 24, 2001 between
            Universal Asset Recovery, Inc. and Soloman Lam with Vacant Land
            Addendum (6)
10.15       Vacant Land Contract dated December 27, 2001 between George Odian and
            Soloman Lam (Lot 310) (6)
10.16       Vacant Land Contract dated December 26, 2001 between Robert Isaly and
            Soloman Lam (Lot 311) (6)
10.17       Vacant Land Contract dated December 26, 2001 between Bruce McClean
            and Soloman Lam (Lot 312) (6)
10.18       Vacant Land Contract dated December 29, 2001 between Dr. Bruce Vogel
            and Stephen Fox and Soloman Lam (Lot 314)(6)
10.19       Addendum to Purchase and Sale Agreement - Extension dated April 30,
            2002 between Bigham Hide Company, Inc. and Soloman Lam and/or assigns (7)
10.20       Promissory Note and Security Agreement dated January 18, 2002 between
            First Union National Bank and Newport International Group, Inc. (8)
10.21       THIRD ADDENDUM TO PURCHASE AND SALE AGREEMENT DATED FEBRUARY 12, 2002
            BETWEEN BIGHAM HIDE COMPANY, INC AND SOLOMAN LAM AND/OR ASSIGNS (9)
10.22       FOURTH ADDENDUM TO PURCHASE AND SALE AGREEMENT DATED FEBRUARY 12, 2002
            BETWEEN BIGHAM HIDE COMPANY, INC AND SOLOMAN LAM AND/OR ASSIGNS (10)
99.1        Certification of Chief Executive Officer and Chief Financial Officer (11)

----------------------------
   (1)    Filed as an exhibit of the same number to the Registrant's (formerly
          known as First Philadelphia Capital Corp.) Form 10-SB dated May 10,
          2000.
   (2)    Filed as exhibit 3.1 to the Registrant's current report on Form 8-K
          dated February 5, 2001.
   (3)    Filed as an exhibit of the same number to the Registrant's Form SB-2
          dated August 31, 2001.
   (4)    Filed as an exhibit of the same number to the Registrant's Form S-8
          dated August 14, 2002.
   (5)    Filed as an exhibit of the same number to Amendment No. 1 to the
          Registrant's Form SB-2 dated December 5, 2001.
   (6)    Filed as an exhibit of the same number to the Registrant's Form 10-
          KSB dated March 31, 2002.
   (7)    Filed as an exhibit of the same number to Post-Effective Amendment
          No. 1 to Form SB-2 filed May 13, 2002.
   (8)    Filed as exhibit 10.20 to the Registrant's Post-Effective Amendment
          No. 2 to Form SB-2 filed June 11, 2002.
   (9)    Filed as exhibit 10.19 to the Registrant's Form 10-KSB dated April
          21, 2003.
   (10)   Filed as exhibit 10.20 to the Registrant's Form 10-KSB dated April
          21, 2003.
   (11)   Filed herewith.

(b) Reports on 8-K:

       None; not applicable.



                                  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.

                                        NEWPORT INTERNATIONAL GROUP INC.
                                        (Registrant)


Date: 5/28/2003                         /s/ Soloman Lam
                                        ---------------------------------------
                                        By:  Soloman Lam
                                        Its: President, Chief Executive Officer
                                        Treasurer and Director
                                        (Principal Executive, Financial and
                                        Accounting Officer)




                                 CERTIFICATION

I, Soloman Lam, certify that:

       1.      I have reviewed this quarterly report on Form 10-QSB of Newport
               International Group 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 we 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 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 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: 5/28/2003                         /s/ Soloman Lam
                                        -----------------------------------
                                        By:  Soloman Lam
                                        Its: Chief Executive Officer,
                                        President, Principal Executive,
                                        Financial and Accounting Officer`