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


                   FORM 10-KSB
                -------------------

(Mark one)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934


For the fiscal year ended December 31, 2001
                          -----------------

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

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

Commission file number 0-30411
                       -------


              Cyber Grind, Inc.
      ----------------------------------
 (Name of Small Business Issuer in its charter)


        Nevada                       95-4791521
-------------------------------  --------------------
(State or other jurisdiction of   (I.R.S. Employer
 incorporation or organization)   Identification No.)


   9300 Wilshire Boulevard, Suite 300,
   Beverly Hills, California               90212
---------------------------------------    -----
(Address of principal executive offices) (Zip code)


   345 North Maple Drive, Suite 284
   Beverly Hills, California              90210
---------------------------------------   -----
         (Former address)               (Zip code)

                  (310) 278-0100
             --------------------------
             (Issuer's telephone number)


Securities registered under Section 12(b)
of the Exchange Act:

         NA                    NA
------------------  ------------------------
Title of each class Name of each exchange on
                    which registered



Securities registered under Section 12(g) of
the Exchange Act:

                   Common Stock
              -----------------------
                 (Title of Class)

     Check if there is no disclosure of delinquent filers in
response to Item 405 of Regulation S-B is not contained in this
form, and no disclosure will be contained, to the best of
registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [ ]


    The revenues for the year ended December 31, 2001 were $ 0.

     There was no common stock held by non-affiliates of the
registrant as of July 25, 2002.

     The number of shares of common stock outstanding as of
July 25, 2002 was 3,000,000.






















TABLE OF CONTENTS

                                          PAGE

Item 1.  Description of Business. ....... 4-5

Item 2.  Description of Property. .......  5

Item 3.  Legal Proceedings. .............  5

Item 4.  Submission of Matters to a Vote
         of Security Holders. ...........  5

Item 5.  Market for Common Equity and
         Related Stockholder Matters. ... 5-6

Item 6.  Plan of Operation. .............  6

Item 7.  Financial Statements. .......... 7-15


Item 8.  Changes In and Disagreements
         With Accountants on
         Accounting and Financial
         Disclosure. ....................  16

Item 9.  Directors, Executive Officers,
         Promoters and Control Persons;
         Compliance With Section 16(a)
         of the Exchange Act. ........... 16-17

Item 10. Executive Compensation.  .......  17

Item 11. Securities Ownership of
         Certain Beneficial
         Owners and Management. ......... 17-18

Item 12. Certain Relationships and
         Related Transactions.  .........  18

Item 13. Exhibits and Reports on
         Form 8-K. ......................  19

SIGNATURES.  ............................  20










PART I


Item 1. Description of Business.
--------------------------------

(a) Business Development

     Cyber Grind, Inc. ("the Company") was incorporated in the
state of Nevada on March 10, 2000.  The Company, an entity with
a fiscal year ending December 31, is a standard C-Corporation
for federal income tax purposes.  The Company, which presently
does not have any subsidiaries or affiliated entities, is a
development stage enterprise.  To date, the Company has had no
significant operations.  To date, the Company has had no
revenues.

     The Company has never been involved in any bankruptcy,
receivership or similar proceedings.

(b) Business of Issuer

     The business of the Company is developing Internet cafes.
To date the Company has had no revenues.  The cafes will
feature Internet access and e-mail availability for patrons,
along with Coffee, Pastries and related items.  A primary
objective is for these cafes to be intellectual, technological
and social centers for certain preferred areas, e.g. adjacent
to college campuses.

     The Company, which presently has no employees, is a
development stage enterprise.  From inception to date the
Company has had no revenues.

Forward-Looking Statements

     This Form 10-KSB includes "forward-looking statements"
within the meaning of the "safe-harbor" provisions of the
Private Securities Litigation Reform Act of 1995.  Such
statements are based on management's current expectations and
are subject to a number of factors and uncertainties that could
cause actual results to differ materially from those described
in the forward-looking statements.  All statements, other than
statements of historical facts included in this Form, including
without limitation, statements under "Plan of Operation" and
"Description of Business", regarding the Company's financial
position, business strategy, and plans and objectives of
management of the Company for future operations, are forward-
looking statements.

     Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have
been correct.   Important factors that could cause actual
results to differ materially from the Company's expectations
include, but are not limited to, market conditions, competition
and the ability to successfully complete financing.

(c) Reports to Security Holders

     The public may read and copy any materials the Company
files with the Securities and Exchange Commission ("SEC") at
the SEC's Public Reference Room at 450 Fifth Street, N.W.,
Washington, D.C. 20549.   The Public may obtain information on
the operation of the Public Reference Room by calling the SEC
at 1-800-SEC-0330.

Item 2. Description of Property.
--------------------------------

     The Company does not own any physical properties at this
time.

     The Company's corporate executive office presently is
located within the office of the Company's major
shareholder/Chairman of the Board of Directors/President Olesk.
Mr. Jaak Olesk is a Certified Public Accountant and Attorney
based in Beverly Hills, California at 9300 Wilshire Boulevard,
Suite 300.

Item 3.   Legal Proceedings.
----------------------------

     The Company is not a party to any pending legal
proceeding.  Management is not aware of any threatened
litigation, claims or assessments.

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

        None.

PART  II


Item 5.  Market for Common Equity and Related
         Stockholder Matters.
----------------------------------------------

(a) Market information

     Currently there is no public market for the Company's
common stock.  At the appropriate time, the Company's
management will complete the pertinent procedures for listing
the Company's common stock on the National Association of
Securities Dealers Over the Counter Electronic Bulletin Board.
There can be no assurance however that management will be
successful in this endeavor.

     The company has no common equity that is subject to
outstanding options or warrants to purchase, or securities
convertible into, common equity of the Company.  All 3,000,000
shares of common stock outstanding at July 25, 2002 could be
sold pursuant to Rule 144 under the Securities Act.

(b) Holders

     As of July 25, 2002 there were three common shareholders
of record.

(c) Dividends

    The Company has never declared any cash dividends.

     The current policy of the company is not to pay cash
dividends, but instead to retain future earnings, if any, to
support the growth of the Company.  However, there are no
restrictions that limit the ability to pay dividends on common
equity when it is lawful to do so.

Item 6.  Plan of Operation.
---------------------------

     Financing

     The Company's management is seeking funding from a variety
of sources including private placements of its stock, public
offering of its stock, as well as debt financing.
Additionally, business combinations with entities with
significant cash will be considered.  However, there can be no
assurance management will be successful in these endeavors.

     On April 20, 2000 the Company filed a Registration
Statement on Form 10-SB with the United States Securities and
Exchange Commission.  The Registration Statement went effective
on June 19, 2000.

     For the calendar year 2002, and the first half of 2003, it
is anticipated, absent the Company's obtaining other sources of
liquidity as described above, the Company's primary funding for
ongoing corporate expenses, such as legal and accounting fees
and filing fees will be provided by the Company's Chairman of
the Board of Directors and President.

     The Company, which presently has no employees, is a
development stage enterprise.  From inception to date the
Company has had no revenues.



Item 7. Financial Statements.
-----------------------------



INDEPENDENT AUDITOR'S REPORT



To the Shareholders and Board of Directors
Cyber Grind, Inc.
(A Development Stage Company)


We have audited the accompanying balance sheet of Cyber Grind, Inc. (A
Development Stage Company) as of December 31, 2001 and the related
statements of operations, shareholders' equity (deficit) and cash flows,
for the year ended December 31, 2001 and the periods from March 10, 2000
(Inception) to December 31, 2000 and from March 10, 2000 (Inception) to
December 31, 2001.  These financial statements are the responsibility of
the Company's management.  Our responsibility is to express an opinion
on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audits
to obtain reasonable assurance about whether the financial statements
are free of material misstatements.  An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  We believe
that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of Cyber Grind,
Inc. (A Development Stage Company) as of December 31, 2001 and the
results of its operations and its cash flows for the year ended December
31, 2001 and the periods from March 10, 2000 (Inception) to December 31,
2000 and from March 10, 2000 (Inception) to December 31, 2001 in
conformity with generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern.  As discussed in Note 6 to
the financial statements, the Company has received no revenue and has
suffered losses from operations that raise substantial doubt about its
ability to continue as a going concern.  Management's plans in regard to
these matters are also described in Note 6.  The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.


/s/ Brad Haynes
-------------------------------------
Brad Haynes CPA


Los Angeles, California
July 23, 2002





              Cyber Grind, Inc.
         (A Development Stage Company)
                 BALANCE SHEET
                December 31, 2001

ASSETS

Current Assets
  Cash                     $       --
                           ----------
Total current assets               --
                           ----------
Total assets               $       --
                           ==========

LIABILITIES AND SHAREHOLDERS' EQUITY
(DEFICIT)

Current Liabilities
  Loan from shareholder    $   1,055

                          ----------
Total current
  liabilities                  1,055

Shareholders' Equity (Deficit)
Common stock,
  25,000,000 shares
  authorized
  at $0.001 par value;
  issued and
  outstanding
  3,000,000 shares             3,000

(Deficit) accumulated
    during the development
      stage                   (4,055)
                           ---------
Total shareholders' equity
  (deficit)                $  (1,055)
                           ---------
Total Liabilities and
Shareholders' Equity
  (Deficit)                $      --
                           =========





          See Notes to Financial Statements.
                  Cyber Grind, Inc.
           (A Development Stage Company)
              STATEMENT OF OPERATIONS



                             March 10,        March 10,
                  Year         2000             2000
                  Ended    (Inception) to   (Inception) to
               December 31, December 31,     December 31,
                  2001         2000             2001
               ------------ -------------   --------------



Revenue           $     --     $     --        $     --

Expenses:
General and
  Administrative  $     605       3,450           4,055
                  ---------    --------        --------

(Loss) from
 operations           (605)      (3,450)         (4,055)

Income taxes            --           --              --
                  --------     --------        --------
Net (loss)        $   (605)    $ (3,450)       $ (4,055)
                  ========     ========        ========

Basic (Loss) per
 Common share     $     --     $     --        $     --
                  ========     ========        ========

Diluted (Loss) per
Common share      $     --     $     --        $     --
                  ========     ========        ========

Weighted average
  (basic and diluted)
   common shares
  outstanding    3,000,000    3,000,000       3,000,000
                 =========    =========       =========










             See Notes to Financial Statements.
               Cyber Grind, Inc.
         (A Development Stage Company)
     STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
      (DEFICIT) For the period March 10, 2000
          (inception) to December 31, 2001

                                             (Deficit)
                                            Accumulated
                                 Additional During the
               Common     Stock  Paid-In    Development
               Shares     Amount Capital      Stage      Total
               ------    ------- ---------- ----------- -------
Common
Shares
 Issued
for cash       1,250,000  $1,250  $    --     $    --   $1,250

Common shares
issued for
services       1,750,000   1,750       --          --    1,750

Net (loss) for
the period from
inception to
December 31,
  2000                --      --       --      (3,450)  (3,450)
                -------- -------  -------    --------  -------
Balance-
December 31,
 2000          3,000,000   3,000       --      (3,450)    (450)


Net (loss)
for the year
ended
December 31,
2001                  --      --       --        (605)    (605)
                -------- -------  -------    --------  -------

Balance-
December 31,
 2001          3,000,000 $ 3,000       --    $ (4,055) $(1,055)
               ========= =======  =======    ========  =======










          See Notes to Financial Statements.
                 Cyber Grind, Inc.
          (A Development Stage Company)
            STATEMENT OF CASH FLOWS


                                March 10,      March 10,
                 For the year    2000            2000
                    Ended      (Inception) to (Inception) to
                 December 31,  December 31,   December 31,
                    2001         2000            2001
                 -----------   -----------   ---------------

Cash Flows From
 Operating
   Activities

Net (loss)         $   (605)    $ (3,450)       $ (4,055)

Adjustment to
  reconcile net
loss to
   cash used by
     operating
activities:

Shares issued for
  services                --       1,750           1,750
                    --------    --------        --------

Net cash (used)
 by
  operating
   activities:          (605)     (1,700)         (2,305)
                    --------    --------        --------
 Cash flows from
  financing
  Activities:
Common stock issuance
 for cash                 --       1,250           1,250
Loan from  share-
holder                   605         450           1,055
                   ---------    --------        --------











            See Notes to Financial Statements.

                 Cyber Grind, Inc.
          (A Development Stage Company)
        STATEMENT OF CASH FLOWS (Continued)


                               March 10,        March 10,
                For the year    2000              2000
                   Ended      (Inception) to   (Inception) to
                December 31,  December 31,     December 31,
                   2001         2000              2001
                -----------   -----------      -------------

Net cash
 provided
   by financing
     activities        605         1,700             2,305
                 ---------     ---------          --------


Increase (decrease)
  in cash               --            --                --

Cash at beginning
  of period             --            --	               --
                ----------     ---------         ---------
Cash at end
  of period     $       --     $      --         $      --
                ==========     =========         =========



Supplemental cash flow information:
 Cash paid during the period for:

Income Taxes    $       --     $       --        $      --
                ==========     ==========        =========

Interest        $       --     $       --        $      --
                ==========     ==========        =========

Non-cash financing transactions:

Common shares
  issued
  for services  $       --     $    1,750        $   1,750
                ==========     ==========        =========






           See notes to Financial Statements.

                     Cyber Grind, Inc.
              (A Development Stage Company)
              NOTES TO FINANCIAL STATEMENTS
                    December 31, 2001



Note 1- Summary of Significant Accounting
        Policies.
-----------------------------------------

Nature of Operations
     Cyber Grind, Inc. (the "Company"), a Nevada corporation,
was incorporated on March 10, 2000.   The Company is a
Development Stage Company with a fiscal year ending December
31.  The business of the Company is developing Internet Cafes.
To date, the Company has had no revenues.

 Cash Equivalents
     Cash equivalents consist of funds invested in money market
accounts and investments with maturities of three months or
less when purchased.  There were no cash equivalents for the
period March 10, 2000 (inception) to December 31, 2001.

Loss per Common Share
     In February 1997, the Financial Accounting Standards Board
("FASB") issued SFAS No. 128, "Earnings Per Share".  The
statement replaced primary EPS with basic EPS, which is
computed by dividing reported earnings available to common
shareholders by weighted average shares outstanding.  The
provision requires the calculation of diluted EPS.  The company
uses the method specified by the statement.

Use of Estimates
     The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect the amounts reported
in financial statements and accompanying notes.  Actual results
could differ from those estimates.

Issuance of Shares for Services
     Valuation of shares for services is based on the estimated
fair market value of the services performed.

Income Taxes
     The Company uses the liability method of accounting for
income taxes specified by SFAS No. 109, "Accounting for Income
Taxes", whereby deferred tax liabilities and assets are
determined based on the difference between financial statement
and tax bases of assets and liabilities using enacted tax rates
in effect for the year in which the differences are expected to
reverse.  Deferred tax assets are recognized and measured based
on the likelihood of realization of the related tax benefit in
the future.  The Company had no material net deferred tax
assets or liabilities at December 31, 2001.

Reclassification of Financial Statement Presentation

      Certain reclassifications have been made to the December
31, 2000 financial statements to conform to the December 31,
2001 financial statement presentation.  Such reclassifications
had no effect on the income as previously reported.

Note 2- Income Taxes.
---------------------

     The Company has Federal net operating loss carry forwards
of approximately $4,055, of which $3,450 expires in 2020 and
$605 expires in 2021.

     The Internal Revenue Code contains provisions which may
limit the loss carry forward available if significant changes
in stockholders' ownership of the Company occur.

     The income tax expenses for the period are as follows:


                      2001       2000    Cumulative
                    --------   --------  -----------
Tax benefit of
 NOL                $    91    $   518     $   609

Less: Valuation
 reserve                (91)      (518)       (609)
                    -------    -------     -------

Net tax expense          --         --          --
                    =======    =======     =======


     The deferred tax asset of $609 at December 31, 2001 is
principally comprised of federal tax effects of the net
operating loss carry forward and is fully reserved.  The
reserve increased by $91, $518 and $609 for the year ended
December 31, 2001, and the periods March 10, 2000 (inception)
to December 31, 2000 and 2001, respectively.


Note 3- Related Party Transaction.
----------------------------------

     The Company issued 1,750,000 common shares to the Chairman
of the Board of Directors and President and to various other
shareholders for services during the period from March 10, 2000
(inception) to December 31, 2000.

     The Company uses the facilities and personnel of its
Chairman and President without charge.

Note 4- Development Stage Company.
----------------------------------

     The Company is a Development Stage Company.  A Development
Stage Company is one for which principal operations have
generated no revenues or an insignificant amount of revenue.  A
Development Stage Company devotes most of its activities to
establishing a new business.

Note 5- Loan from Shareholder.
------------------------------

     Unsecured non-interest bearing demand loans from the
Company's Chairman and President amounted to $605, $450, and
$1,055 for the year ended December 31, 2001 and the periods
March 10, 2000 (inception) to December 31, 2000 and December
31, 2001, respectively.  The outstanding balance as of December
31, 2001 amounted to $1,055.

      The loss or amendment of this loan or of the continuing
financial support of the Company's president would have an
adverse affect upon the Company's operations.

Note 6-  Basis of presentation and considerations
         related to continued existence (going concern)
-------------------------------------------------------

     The Company's financial statements have been presented on
the basis that it is a going concern, with contemplates the
realization of assets and the satisfaction of liabilities in
the normal course of business.  The Company incurred net losses
of $605, $3,450 and $4,055 for the year ended December 31,
2001, and the periods March 10, 2000 (inception) to December
31, 2000 and from March 10, 2000 (inception) to December 31,
2001 respectively. From inception to date the Company has had
no revenues.  These factors, among others, raise substantial
doubt as to the Company's ability to continue as a going
concern.

     The Company's management intends to raise additional
operating funds through equity and/or debt offerings.  However,
there can be no assurance management will be successful in this
endeavor.

Note 7- Fair Values of Financial Instruments.
---------------------------------------------

     The carrying amount for loans from shareholder
approximates fair value because of the short-term maturity of
this instrument.

Item 8.  Changes In and Disagreements With
         Accountants on Accounting
         And Financial Disclosure.
-------------------------------------------

     On July 17, 2002 the Company's auditors Friedman, Minsk,
Cole and Fastovsky ("Friedman et al") were dismissed.
Friedman et al performed only one audit for the Company, i.e.
March 31, 2000 in the Company's original registration.  The
accountant's report pertaining to the above mentioned audit did
not contain an adverse opinion or disclaimer of opinion, nor
was it modified as to uncertainty, audit scope, or accounting
principles.  It did however contain a going concern paragraph.
The change in accountants was recommended and approved by the
board of directors.

     There were no disagreements with the former accountant,
whether or not resolved, on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope
or procedure, which, if not resolved to the former accountant's
satisfaction, would have caused it to make reference to the
subject matter of the disagreement in connection with its
report.

     On July 22, 2002 the Company engaged Brad Haynes CPA as
its new auditor.  Prior to engaging Mr. Haynes as the new
auditor the Company did not consult with Mr. Haynes on any
accounting, auditing or financial reporting issues.


PART III

Item 9.  Directors, Executive Officers, Promoters and
         Control Persons; Compliance With
         Section 16(a) of the Exchange Act.
------------------------------------------------------

The following individuals are the directors
of the Company:

Name of Director        Age   Title
---------------------  ------ --------
Jaak Olesk               50   Chairman of the
                              Board of Directors
                              and President

Lilian Cruz              36   Director, Vice
President and
Secretary/Treasurer





Business Experience

     Jaak Olesk.  Mr. Olesk is a Certified Public Accountant
and Attorney.  Mr. Olesk has over twenty years of business
experience including auditing, accounting and tax services.
During the last five years, Mr. Olesk has gained substantial
international business experience by making foreign business
trips including trips to Canada, Ukraine, the Netherlands,
China, Hong Kong, Singapore and Thailand.

     Lilian Cruz.  Ms. Cruz has an Associates Degree in
Business Administration.  Ms. Cruz has over five years of
experience in business and accounting.

16(a) Compliance.  The Company and all related persons are in
compliance with section 16(a) of the Exchange Act.


Item 10.  Executive compensation.
---------------------------------

                         Other              Securities      All
Name                             Annual Registered  Under-          other
And 	                          Compen-  Stock      Lying   LTIP   Compen-
Principal    Year   Salary Bonus sation  Award(s)   Options Payouts sation
Position   (Note A)  ($)   ($)    $       $         SARs(#)   $      $
---------- -------- ------ ----- ----   ------      ------- -----  -----

Jaak Olesk
President   2000      --    --    --      --           --     --  $1,550
            2001      --    --    --      --           --     --      --
            2002      --    --    --      --           --     --      --

Lilian Cruz
Secretary/
Treasurer   2000      --    --    --      --           --     --     100
            2001      --    --    --      --           --     --      --
            2002      --    --    --      --           --     --      --

Note A:  2000 is for the period: From March 10, 2000
(Inception) to December 31, 2000


Item 11.  Security Ownership of Certain Beneficial
          Owners and Management.
-------------------------------------------------

     The following table sets forth certain information as of
July 25, 2002 with respect to the beneficial ownership (as such
term is defined under section 13(d) of the Securities Exchange
Act of 1934, as amended) of the common stock by (I) each person
who is the beneficial owner of more than 5% of the common stock
outstanding as of such date, (II) each director of the Company,
(III) the named officers, and (IV) all executive officers of
the Company as a group:
                                     Amount of
Name and address of Beneficial       Beneficial    Percent
Owner.                               Ownership     of Class
------------------------------       ---------     --------

Jaak Olesk                           2,800,000      93.33%
9300 Wilshire Boulevard Suite 300
Beverly Hills, CA 90212

Lilian Cruz                            100,000       3.33%
9300 Wilshire Boulevard Suite 300    ---------     ------
Beverly Hills, CA 90212

All Directors, Nominees
and Executive                        2,900,000      96.67%
Officers as a Group (2 persons)


Item 12. Certain Relationships and Related
         Transactions.
------------------------------------------

Initial Cash Infusion by Founder

     In March 10, 2000 the Company issued 1,250,000 restricted
shares of its common stock to its founder Jaak Olesk, Chairman
of the Board of Directors and President of the Company, for
aggregate proceeds of $1,250.  The Stock issuance was approved
by the written consent of the Directors of the Company on March
31, 2000.

Shares for Services

     In March, 2000 the Company issued a total of 700,000
shares of its restricted common stock for services performed.
Jaak Olesk, Chairman of the Board of Directors and President
received 500,000 shares of common stock for consulting,
accounting, legal advisory services.  Lilian Cruz, Director and
Secretary/Treasurer, received 100,000 shares of common stock
for administrative and secretarial services.  Morena Rodriguez
also received 100,000 shares of common stock for administrative
and secretarial services.  The Stock issuance was approved by
the written consent of the Directors of the Company on February
29, 2000.  In November 2000, with written consent of the
Directors Jaak Olesk was issued an additional 1,050,000 shares
for services.

 Loan from Shareholder

     From August 2000 to December 2001 the Company's Chairman
and President has made a total of $1,055 in unsecured non-
interest bearing demand loans to the Company.


Use of Office Facilities

     The Company uses the facilities and personnel of its
Chairman and President Jaak Olesk without charge.


Item 13. Exhibits and Report on Form 8-K.
-----------------------------------------

Exhibit A- Computation of Earnings Per Share

                               March 10,       March 10,
                For The Year     2000            2000
                    ended     (Inception) to (Inception) to
                December 31,   December 31,   December 31,
                   2001          2000            2001
                ------------   ------------- --------------
BASIC EPS
---------------

Net Loss            $     605    $   3,450     $    4,055

Weighted average
Numbers of shares
 used  in computing
 net loss per share 3,000,000    3,000,000      3,000,000

Net (Loss) per
  share             $      --    $      --      $      --
                    =========    =========      =========

DILUTED EPS
------------------

Weighted Average
number of shares
used in computing
loss per share      3,000,000    3,000,000      3,000,000

Plus incremental
shares from
assumed conversions        --           --             --
                    =========    =========      =========

Weighted Average
Shares              3,000,000    3,000,000      3,000,000

Loss per share
assuming dilution   $      --    $      --      $      --
                    =========    =========      =========


There were no reports on Form 8-K filed during the quarter
ended December 31, 2001.

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.


                            Cyber Grind, Inc.

                            /s/ Jaak Olesk
                            ------------------------
Dated: July 25, 2002        Jaak Olesk
---------------------       Chairman of the Board,
                            President






20