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 September 30, 2002

[ ]     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:

                               November 7, 2002

                                    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
  For the Period Ending September 30, 2002 and the Year Ended December 31, 2001


                                                             09/30/02           12/31/01
                                                           -------------       ---------
                                                            [Unaudited]
                                     ASSETS

Assets

<S>                                                       <C>                     <C>
         Cash                                             $            9             773
         Property, Plant & Equipment                               1,410           1,410
         Less: Accumulated Depreciation                           (1,291)           (939)
                                                           -------------       ---------

         Total Assets                                     $         128            1,244
                                                           =============       =========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:
     Accrued Liabilities                                  $          162             311
     Payable to shareholder                                        3,500           1,500
     Income Taxes Payable                                              0             100
                                                           -------------       ---------
         Total Current Liabilities                                 3,662           1,911

         Total Liabilities                                         3,662           1,911
                                                           -------------       ---------

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                                         (17,539)        (14,672)
                                                           -------------       ---------
         Total Stockholders' Equity                               (3,534)            667

                                                           -------------       ---------
         Total Liabilities and Stockholders' Equity       $          128           1,244
                                                           =============       =========


</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                                   COLE, INC.
                            Statements of Operations
     For the Three and Nine Month Periods Ended September 30, 2002 and 2001
          and for the period from inception through September 30, 2002

                                                                                                                        For the
                                                                                                                      Period from
                                                     For the               For the          For the        For the    Inception
                                                  Three Months            Nine Months     Three Months    Nine Months  [11/03/99]
                                                      Ended                  Ended           Ended          Ended      through
                                                    09/30/02                09/30/02        09/30/01        09/30/01   09/30/02
                                                ---------------          ------------   ------------    ------------ -----------


<S>                                             <C>                        <C>            <C>             <C>          <C>
Revenues                                         $              0           $        266   $        106    $        903 $     2,311
Cost of Sales                                                   0                      0              0               0           0
                                                   ---------------          -------------  ------------    ------------ -----------
  Gross Margin                                                  0                    266            106             903       2,311

General and Administrative Expenses                           769                  3,489            351           7,530      19,906
                                                   ---------------          -------------  ------------    ------------ -----------
Net Loss from Operations                                     (769)                (3,223)          (245)         (6,627)    (17,595)

                                                   ---------------          -------------  ------------    ------------ -----------
       Net Loss Before Income Taxes                          (769)                (3,223)          (245)         (6,627)    (17,595)

Provision for Income Taxes                                      0                      0              0               0         300
                                                   ---------------          -------------  ------------    ------------ -----------
Net Loss                                         $           (769)          $     (3,223)  $       (245)         (6,627)    (17,895)
                                                   ===============          =============  ============    ============ ===========

Loss Per Share                                   $           (.01)          $       (.01)  $      (0.01)   $       (.01)$      (.01)
                                                   ===============          =============  ============    ============ ===========

Weighted Average Shares Outstanding                     1,085,051              1,085,051      1,085,051       1,085,051   1,080,346
                                                   ===============          =============  ============    ============ ===========





</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                   COLE, INC.
                            Statements of Cash Flows
     For the Three and Nine Month Periods Ended September 30, 2002 and 2001
          and for the period from inception through September 30, 2002


                                                                                                                          For the
                                                                                                                         Period from
                                                                For the           For the       For the      For the      Inception
                                                             Three Month        Nine Month    Three Month   Nine Month    [11/03/99)
                                                            Period Ending     Period Ending Period Ending  Period Ending  through
                                                              09/30/02          09/30/02      09/30/01        09/30/01      09/30/02

Cash Flows Provided by/(Used for) Operating Activities
                                                              --------------    -------------  ----------  ----------   -----------


<S>                                                     <C>                    <C>            <C>         <C>              <C>
Net Loss                                                 $            (769)     $     (3,223)  $     (245) $   (6,627)      (17,895)
Adjustments to reconcile net income to net cash
provided by operating activities:
    Increase in Depreciation                                           117               351          117         353         1,291
    Increase/(Decrease) in income taxes payable                          0                 0            0           0           100
    Increase/(Decrease) in amount due to shareholder                    54               365            0       1,500           675
    Shares issued for forgiveness of debt                                0                 0            0           0         3,505
    Decrease/(Increase) in accrued liabilities                           0              (257)           0           0          (257)
                                                              --------------      ------------  ----------  ----------   -----------
       Net Cash Provided by/(Used for) in Operating  Activities       (598)           (2,764)        (128)     (4,774)      (12,581)

Cash Flows Provided by Investing Activities
    Purchase of equipment                                                0                 0            0           0        (1,410)
                                                              --------------      ------------  ----------  ----------   -----------
              Net Cash Used by Investing Activities                      0                 0            0           0        (1,410)

Cash Flows Provided by Financing Activities
    Issued stock for cash                                                0                 0            0           0        10,500
    Increase in loan from shareholder                                    0             2,000            0           0         3,500
                                                              --------------      ------------  ----------  ----------   -----------
              Net Cash Provided by Financing Activities                  0                 0            0           0        14,000

                Net Increase(decrease) in Cash                        (598)             (764)        (128)      (4,774)           9

Beginning Cash Balance                                                 607               773          917        5,564            0
                                                              --------------      ------------  ----------  ----------   -----------

Ending Cash Balance                                      $               9       $         9   $      790 $        790   $        9
                                                              ==============      ============  ==========  ==========   ===========

</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. 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 created  relationships with a limited number of clients,  these
relationships  have ceased to generate  revenue.  Furthermore,  the Company will
continue to rebuild its  business by  attracting  new  clients.  The Company has
discontinued its advertising, but will start a new advertising campaign if it is
successful in raising funds.

Results of Operations

     The Company's  operations  during the quarterly  period ended September 30,
2001,  resulted in $0 in revenues and incurred expenses of $769, stemming from
costs related to sales, and also, general and administrative expenses.

Liquidity

     At  September  30,  2002,  the  Company  had  total  cash  of $9 and  total
liabilities of $3,762.  Management believes that its cash on hand of $9 will not
be sufficient to allow it to continue its  operations for the next three months.
The Company's  management  will loan the Company money,  not to exceed  $25,000.
This will give the Company sufficient funds to continue  operations for the next
twelve months.


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., Inc. (the "Company")
on Form  10-QSB  for the  period  ending  September  30,  2002 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:11/14/02               /S/JAMES DOOLIN
                            James Doolin, Chief Executive Officer and
                            Chief Financial Officer


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: 11/14/02              /S/JAMES DOOLIN
                            James Doolin, President and Director