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SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

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FORM 10-Q

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QUARTERLY REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES
EXCHANGE ACT OF 1934

For the Nine Months Ended September 30, 2002

Commission File No. 0-8488

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TWENTY SERVICES, INC.(Exact name of Registrant as specified in its Charter)

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| | ALABAMA(State or other jurisdiction ofincorporation or organization) |  | 63-0372577(I.R.S. Employer ID No.) | 
| | -------------------------------------------------------------------- |  | ---------------------------------- | 

| | 20 Cropwell Drive, Suite 100(Address or principal executive offices) |  | Pell City, Alabama 35128(City, State, Zip) | 
| | -------------------------------------------------------------------- |  | ------------------------------------------ | 

| | Registrants telephone number, including area code |  | 205-884-7932 | 
| | -------------------------------------------------- |  | ------------ | 

Former name, former address, and former fiscal year, if changed since last report.

____________________________________________________________________________________________

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 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 ninety (90)
days.

Yes x No o

Indicate the number of shares outstanding of each of the issuers classes of Common Stock, as
of the period of this report.

Par Value $0.10 per
share                                       
   1,283,068 shares

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TWENTY SERVICES, INC.

INDEX

|Twenty Services, Inc. Financial Statements (Unaudited)                                |    
|------------------------------------------------------------------------------------- | ---
|                                                                                      |    
|Condensed Balance Sheets September 30, 2002 and December 31, 2001                     | 3  
|                                                                                      |    
|Condensed Statement of Operations Nine Months Ended September 30, 2002 and 2001       | 4  
|                                                                                      |    
|Condensed Statement of Cash Flows Nine Months Ended September 30, 2002 and 2001       | 5  
|                                                                                      |    
|Managements Discussion and Analysis of Financial Condition and Results of Operations | 6  
|                                                                                      |    
|Other Information                                                                     | 7  
|                                                                                      |    
|                                                                                      |    
|                                                                                      |    
|Signatures                                                                            | 8-9
|                                                                                      |    
|                                                                                      |    



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TWENTY SERVICES, INC.CONSOLIDATED BALANCE SHEETS(Unaudited)

|                                                            |  | September 30,2002 |           | December 31,2001 |  
|----------------------------------------------------------- |  | ----------------- | --------- | ---------------- | -
|                                                            |  |                   |           |                  |  
|                                                            |  |                   |           |                  |  
|ASSETS                                                      |  |                   |           |                  |  
|Cash and temporary investments                              |  | $                 | 164,357   |                  | $
|Marketable securities                                       |  |                   | 1,833,037 |                  |  
|Investment-American Equity Investment Life Holding Company  |  |                   | 694,937   |                  |  
|Receivables, Net                                            |  |                   | 78,705    |                  |  
|Other assets                                                |  |                   | 41,690    |                  |  
|                                                            |  |                   |           |                  |  
|Total assets                                                |  | $                 | 2,812,726 |                  | $
|                                                            |  |                   |           |                  |  
|                                                            |  |                   |           |                  |  
|LIABILITIES AND STOCKHOLDERS EQUITY                        |  |                   |           |                  |  
|                                                            |  |                   |           |                  |  
|Liabilities:                                                |  |                   |           |                  |  
|Accounts payable and accrued expenses                       |  | $                 | 12,666    |                  | $
|                                                            |  |                   |           |                  |  
|                                                            |  |                   |           |                  |  
|Stockholders equity:                                       |  |                   |           |                  |  
|Preferred stock, Cumulative $0.10 par value                 |  |                   | 50,511    |                  |  
|Common stock, par value $0.10                               |  |                   | 128,307   |                  |  
|Additional paid-in capital                                  |  |                   | 1,618,630 |                  |  
|Retained earnings                                           |  |                   | 1,309,904 |                  |  
|Net unrealized gain (loss) on available-for-sale securities |  |                   | (52,301   | )                |  
|Less investment in Twenty Services Holding                  |  |                   | (60,000   | )                |  
|Treasury Stock                                              |  |                   | (194,991  | )                |  
|                                                            |  |                   |           |                  |  
|                                                            |  |                   |           |                  |  
|Net stockholders equity                                    |  |                   | 2,800,060 |                  |  
|                                                            |  |                   |           |                  |  
|                                                            |  |                   |           |                  |  
|Total liabilities and stockholders equity                  |  | $                 | 2,812,726 |                  | $
|                                                            |  |                   |           |                  |  



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TWENTY SERVICES, INC.STATEMENT OF OPERATIONS(UNAUDITED)

|                                                          |  | Three Months EndingSeptember 30, |           | Nine Months EndingSeptember 30, |  
|--------------------------------------------------------- |  | -------------------------------- | --------- | ------------------------------- | -
|                                                          |  |                                  |           |                                 |  
|                                                          |  | 2002                             |           | 2001                            |  
|                                                          |  |                                  |           |                                 |  
|Revenues                                                  |  | $                                | 46,698    |                                 | $
|                                                          |  |                                  |           |                                 |  
|Expenses:                                                 |  |                                  |           |                                 |  
|General and administrative                                |  |                                  | 31,111    |                                 |  
|                                                          |  |                                  |           |                                 |  
|                                                          |  |                                  |           |                                 |  
|Income from operations                                    |  |                                  | 15,587    |                                 |  
|                                                          |  |                                  |           |                                 |  
|Provision for income taxes                                |  |                                  | -0-       |                                 |  
|                                                          |  |                                  |           |                                 |  
|                                                          |  |                                  |           |                                 |  
|Net income                                                |  | $                                | 15,587    |                                 | $
|                                                          |  |                                  |           |                                 |  
|                                                          |  |                                  |           |                                 |  
|Weighted average number of common shares      outstanding |  |                                  | 1,283,068 |                                 |  
|                                                          |  |                                  |           |                                 |  
|                                                          |  |                                  |           |                                 |  
|Earnings per share *                                      |  |                                  |           |                                 |  
|Net Income                                                |  | $                                | .00       |                                 | $
|                                                          |  |                                  |           |                                 |  

| |  |  | * |  | After giving effect on a pro-rata basis to anticipated preferreddividends of $0.07 per share per annum on 505,110 shares.
| |  |  | - |  | -------------------------------------------------------------------------------------------------------------------------



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TWENTY SERVICES, INC.CONDENSED STATEMENT OF CASH FLOWS(UNAUDITED)

|                                                    |  | Nine months endedSeptember 30, |        
|--------------------------------------------------- |  | ------------------------------ | -------
|                                                    |  |                                |        
|                                                    |  | 2002                           |        
|                                                    |  |                                |        
|Cash flows from operating activities                |  |                                |        
|Interest and dividends received                     |  | $                              | 122,159
|Cash paid employees and suppliers                   |  |                                | (98,169
|                                                    |  |                                |        
|                                                    |  |                                |        
|Net cash (used) provided by operating activities    |  |                                | 23,990 
|                                                    |  |                                |        
|                                                    |  |                                |        
|Cash flows from investing activities:               |  |                                |        
|Principal collected on loans                        |  |                                | 8,113  
|Sale (purchase) of securities                       |  |                                | (19,953
|                                                    |  |                                |        
|                                                    |  |                                |        
|Net cash provided (used) by investing activities    |  |                                | (11,840
|                                                    |  |                                |        
|                                                    |  |                                |        
|Cash flows from financing activities:               |  |                                |        
|Preferred stock dividends                           |  |                                | (35,538
|Purchase Treasury Stock                             |  |                                | (18,463
|                                                    |  |                                |        
|                                                    |  |                                |        
|Net cash used by financing activities               |  |                                | (54,001
|                                                    |  |                                |        
|                                                    |  |                                |        
|Net (decrease) in cash                              |  |                                | (41,851
|                                                    |  |                                |        
|Cash and temporary investments, beginning of period |  |                                | 206,208
|                                                    |  |                                |        
|                                                    |  |                                |        
|Cash and temporary investments, end of period       |  | $                              | 164,357
|                                                    |  |                                |        

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During the nine months ended September 30, 2002, the Registrants liquidity remained stable. The Company has no notes payable nor long term debt and does not
anticipate the need for borrowing in the near future. The Registrant has sufficient cash and temporary cash investments to meet its short term liquidity needs. Should long term liquidity needs exceed cash and temporary cash investments, then the
Registrant would dispose of marketable securities as it deems appropriate. Current trends and known demands and commitments do not create a need for liquidity in excess of the Companys current liabilities to generate liquidity.

The Company anticipates that its operating activities and its investing activities will generate net cash flows and that its financing activities will continue to use cash
flows.

RESULTS OF OPERATIONS

The Registrant reported a net income of $26,570 for the nine months ended
September 30, 2002 as compared to the net income of $15,129 for the corresponding 2001 period. The increase is due primarily to a reduction in income taxes.

REVENUES

Revenues for the nine months ended September 30, 2002 of $122,159 were comparable to $125,883 for the corresponding 2001 period. The decrease was due primarily to a
decrease in interest income.

EXPENSES

General and administrative expenses were $95,589 in 2002 as
compared to $96,254 for the corresponding 2001 period.

______________

The above financial statements include all the adjustments which, in the opinion of Management,
are necessary for a fair presentation of such financial information in conformity with generally accepted accounting principles. All adjustments are of a normal recurring nature.



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PART II

OTHER INFORMATION

|        |  |                                                     |     
|------- |  | --------------------------------------------------- | ----
|Item 1. |  | Legal Proceedings                                   | None
|        |  |                                                     |     
|Item 2. |  | Changes in Securities                               | None
|        |  |                                                     |     
|Item 3. |  | Defaults Upon Senior Securities                     | None
|        |  |                                                     |     
|Item 4. |  | Submission of Matters to a Vote of Security Holders | None
|        |  |                                                     |     
|Item 5. |  | Other Information                                   | None
|        |  |                                                     |     

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TWENTY SERVICES, INC.

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 there unto duly authorized.

CERTIFICATION PURSUANT TO18 U.S.C.
SECTION 1350,AS ADOPTED PURSUANT TOSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Twenty Services, Inc.
(the Company) on Form 10-Q for the period ending September 30, 2002 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Jack C. Bridges, Executive Vice-President 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 theSecurities 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.

| |  |  |                                                          
| |  |  | ---------------------------------------------------------
| |  |  | /s/ JACKC.BRIDGES                                        
| |  |  |                                                          
| |  |  | Jack C. BridgesExecutive Vice-PresidentNovember 4th, 2002



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TWENTY SERVICES, INC.

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 there unto
duly authorized.

CERTIFICATION PURSUANT TO18 U.S.C. SECTION 1350,AS ADOPTED PURSUANT TOSECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Twenty Services, Inc. (the Company) on Form 10-Q for the period ending September 30, 2002 as filed with the Securities and
Exchange Commission on the date hereof (the Report), I, David J. Noble, Chairman/Director of the Board and Principal Executive 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.

|                                                                                                   |  |  | 
|-------------------------------------------------------------------------------------------------- |  |  | 
|/s/ DAVIDJ.NOBLE                                                                                   |  |  | 
|                                                                                                   |  |  | 
|David J. NobleChairman and Directorof the Company andPrincipal Executive
OfficerNovember 4th, 2002 |  |  |