SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

         [X]      Quarterly report under sections 13 or 15(d) of the Securities
                  Exchange Act of 1934 for the quarterly period ended
                  December 31, 1998

         [ ]      Transition report pursuant to Sections 13 or 15(d) of The
                  Securities Exchange act of 1934 for the transition period
                  from _______________ to ________________

                         Commission File Number: 0-13910

                          THE FURIA ORGANIZATION, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Delaware                                             95-3931129
--------------------------------                           --------------------
  (State or other jurisdiction                                (IRS Employer
of incorporation or organization)                           Identification No.)

5030 Champion Blvd. G6#237 Boca Raton, FL                        33496
------------------------------------------                     ----------
(Address of principal executive offices)                       (Zip Code)

                                 (561) 241-4713
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


              ----------------------------------------------------
              (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 Sections 13 or 15(d) of the Securities Exchange Act during the
preceding 12 months (or for such shorter period the registrant was required to
file such reports) and (2) has been subject to such filing requirements for the
past 90 days.
(1) Yes [ ] No [X]
(2) Yes [X] No [ ]

The number of shares of the Issuer's Common Stock $.0001 par value issued and
outstanding at September 1, 2002 was 41,714,209

                                       1
<PAGE>

                          PART I FINANCIAL INFORMATION


                                                                          Page

Item 1.  Financial Statements

         Balance Sheets
           December 31,1998 (unaudited) and June 30, 1998                   3

         Statements of Operations -
           Three months ended December 31, 1998 and 1997 (unaudited)        4

         Statements of Changes in Stockholders' Equity
           for the period ended December 31, 1998 (unaudited)               5

         Statements of Cash Flows -
           Three months ended December 31, 1998 and 1997 (unaudited)        6

         Notes to Financial Statements                                      7


                                       2
<PAGE>
<TABLE>
<CAPTION>
                                       THE FURIA ORGANIZATION, INC.



                                                        December 31, 1998          June 30, 1998
                                                        -----------------          -------------
<S>                                                        <C>                      <C>
Current Assets                                             $         --             $         --
                                                           ------------             ------------

         TOTAL ASSETS                                      $         --             $         --
                                                           ------------             ------------


                     LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
    Notes Payable                                          $     33,315             $     33,315
    Accrued Interest                                              1,420                       88
    Accounts Payable and other
      Accrued Liabilities                                            --                       --
                                                           ------------             ------------
         TOTAL LIABILITIES                                 $     34,735             $     33,403
                                                           ------------             ------------

Stockholders' (Deficiency)
  Convertible Preferred stock, (50,000,000 authorized;
    $.0001 par, -0- shares outstanding) Common stock
    (200,000,000 shares authorized, $.0001 par,
    25,214,209 shares issued and outstanding) as at
    December 31, 1998 and June 30, 1998                    $      2,521             $      2,521
  Additional Paid- In Capital                                 6,384,936                6,384,936
  Donated Capital                                                14,972                   14,972
  Accumulated Deficit                                      $ (6,437,164)            $ (6,435,832)
                                                           ------------             ------------
     TOTAL STOCKHOLDERS (DEFICIENCY)                       $    (34,735)            $    (33,403)
                                                           ============             ============

     TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIENCY)      $         --             $         --
                                                           ============             ============

                               See Notes to Financial Statements

                                               3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                THE FURIA ORGANIZATION, INC.
                                  STATEMENTS OF OPERATIONS
                                         (Unaudited)

                                                               Three Months Ended December 31
                                                           -------------------------------------
                                                               1998                      1997
                                                           ------------             ------------
<S>                                                        <C>                      <C>
Revenue                                                    $         --             $         --
                                                           ------------             ------------

    TOTAL REVENUE                                          $         --             $         --
                                                           ------------             ------------

General and administrative expenses                        $        666             $         --
                                                           ------------             ------------

NET LOSS                                                   $        666             $         --
                                                           ============             ============

Basic loss per common share                                $      (0.00)            $      (0.00)

Weighted-average number of
  common shares outstanding                                  25,214,209               11,852,260



                               See Notes to Financial Statements

                                               4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                  THE FURIA ORGANIZATION, INC.
                                          STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY


                                                                             Additional
                                Preferred Preferred    Common      Common      Paid-in      Donated   Accumulated    Stockholders'
                                 Shares    Stock       Shares       Stock      Capital      Capital     Deficit         Equity
                                --------- ---------  ----------    --------  ------------  ---------  -----------    -------------
<S>                                 <C>       <C>    <C>           <C>        <C>           <C>       <C>              <C>
 Balance at September 30, 1998     -0-       -0-     25,214,209    $ 2,521    $6,384,936    $14,972   $(6,436,498)     $(34,069)

 Net Loss                                                                                                    (666)         (666)

 Common Stock Issuance

 Preferred Stock Conversion

 Reduction in  Paid-in Capital

 Balance at December 31, 1998      -0-       -0-     25,214,209    $ 2,521    $6,384,936    $14,972   $(6,437,164)     $(34,735)
                                 -------   -------   ----------    -------    ----------    -------   -----------      --------


                                               See Notes to Financial Statements

                                                               5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                          THE FURIA ORGANIZATION, INC.
                            STATEMENTS OF CASH FLOWS


                                                                  Three Months Ended December 31,
                                                             ---------------------------------------
                                                                  1998                      1997
                                                             -------------             -------------
<S>                                                          <C>                       <C>        <C>
Cash Flows from Operating Activities:
  Net Loss                                                   $        (666)            $         -0-
                                                             -------------             -------------
Adjustments to Reconcile Net Loss to Net Cash
  Provided (Used) by  Operating Activities:
    Increase (Decrease) in Accounts Payable and
      Accrued Liabilities Accrued Interest                             666
                                                             -------------             -------------

   Total Adjustments                                                   666                       -0-
                                                             -------------             -------------
   Net Cash Provided (Used) by Operating Activities                     --                        --
                                                             -------------             -------------
Cash Flows From Investing Activities                                    --                        --
                                                             -------------             -------------

Cash Flows From Financing Activities                                    --                        --

Net Increase (Decrease) in Cash                                         --                        --

Cash at Beginning Of Year                                               --                        --
                                                             -------------             -------------
Cash at End of Year                                          $          --             $          --
                                                             =============             =============


                               See Notes to Financial Statements

                                               6
</TABLE>
<PAGE>

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         a. Organization

         THE FURIA ORGANIZATION, INC. (the "Company"), was incorporated as
Furia, Oringer Productions, Inc. under the laws of the State of Delaware on June
26, 1984 for the purpose of writing and producing film and tape television
programs and theatrical motion pictures. By 1991, the Company had transferred
assigned an disposed of its entertainment properties. In April 1994, Pat
Fashions Industries, Inc, ("PFI") the Company's subsidiary and only operating
entity, filed a Petition in Bankruptcy under Chapter 11 seeking the
reorganization of PFI. The Chapter 11 was converted to a Chapter 7 Proceeding
and PFI was then liquidated. Resultantly, the Company has been seeking a merger
or combination candidate in any industry and has been inactive since May 1994.

         On March 6, 1998, the Company entered into an Agreement under the terms
of which the Company agreed to exchange approximately 75,000,000 shares of its
Common Stock for all the issued and outstanding capital shares of Americom
Telecommunications Corporation ("ATC"). The Agreement was, pursuant to written
agreement dated January 11, 2000, rescinded, nun pro tunc, and the parties
placed back into to the position as if said Agreement of March 6, 1998 had never
been entered into. Reference is made to "Subsequent Events" of this form 10-QSB
for more definitive information concerning the rescission.

         The Company has not had any salaried employees since May 1994. The
Company currently has one officer who devotes only a portion of his time to the
Company.

         The Company has limited operations, assets and liabilities.
Accordingly, the Company is dependent upon management and/or significant
shareholders to provide sufficient working capital to preserve the integrity of
the corporate entity during this phase.

         b. Accounting Method

         The Company's financial statements are prepared using the accrual
method of accounting. The Company's fiscal year ends June 30.

         c. Cash and Cash Equivalents

         Cash equivalents include short-term, highly liquid investments with
maturities of three months or less at the time of acquisition.

         d. Basic Net Loss Per Share

         The computation of basic net loss per share of common stock is based on
the weighted average number of shares outstanding during the period of financial
statements.

                                       7
<PAGE>

         e. Estimates

         The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

         f. Revenue Recognition

         The Company has no significant source of ongoing revenues. Revenue
recognition policies will be determined when principal operations commence.

         g. Additional Accounting Policies

         Additional accounting policies will be established once planned
principal operations commence.

         h. Unaudited Financial Statements

         The accompanying unaudited condensed financial statements have been
prepared by the Company pursuant to the rules and regulations of the Securities
and Exchange Commission. The information furnished in the interim financial
statements include normal recurring adjustments and reflects all adjustments,
which, in the opinion of management, are necessary for a fair presentation of
such financial statements. Although management believes the disclosures and
information presented are adequate to make the information not misleading, it is
suggested that these interim financial statements be read in conjunction with
the Company's most recent audited financial statements and notes thereto
included in its June 30, 1998 Annual Report on Form 10-KSB. Operating results
for the three months ended December 31, are not necessarily indicative of the
results that may be expected for the year ending June 30, 1999.

NOTE 2 - GOING CONCERN

         The Company's financial statements are prepared using generally
accepted accounting principles applicable to a going concern which contemplates
the realization of assets and liquidation of liabilities in the normal course of
business. However, the Company does not have significant cash or other material
assets, nor does it have an established source of revenues sufficient to cover
its operating cost and to allow it to continue as a going concern. It is the
intent of the Company to seek after a merger with an existing operating company.

                                       8
<PAGE>

NOTE 3 - SUBSEQUENT EVENTS

         On March 6, 1998, the Company consummated a Stock Purchase Agreement
under the terms of which, amongst other things, the Company exchanged an
aggregate of 74,184,270 shares of its Common Stock for all the issued and
outstanding capital shares of Americom Telecommunications Corporation ("ATC").
In connection with the consummation of the Stock Purchase Agreement, the then
sole Director of the Company, Waylon McMullen agreed to appoint Messrs. Paul
Stevens, James A. Stevens, Dr. Richard A. Feller, Ph.D, Filiberto Fernandez,
Michael Nunez-Ledo and Jorge T. Buces as members of the Board of Directors, in
each case to be effective ten days after delivery of written notice thereof to
the shareholders of the Company in accordance with Rule 14f-1 of the Securities
Exchange Act of 1934, as amended. Mr. McMullen further agreed to resign as a
Director of the Company but remain as President thereof, until his successor
could be appointed. After notice was duly given to shareholders as set forth
above, Mr. Paul Stevens accepted his appointment as a Director of the Company,
but Messrs. James A. Stevens, Dr. Feller, Fernandez, Nunez-Ledo and Buces did
not accept such appointments and never acted as Directors of the Company.

         ATC was, in fact, never activated nor operational. Moreover, requisite
capital was never raised in order to make ATC viable nor was ATC ever able to
make the acquisitions it represented were available when it was acquired by the
Company. Additionally shares to be delivered pursuant to the provisions of the
Stock Purchase Agreement were never delivered by either the Company or the
shareholders of ATC. Accordingly, on January 11, 2000, the Stock Purchase
Agreement, pursuant to written agreement, was rescinded, nun pro tunc, and the
parties placed back into the position as if said Stock Purchase Agreement had
never been entered into. Paul Stevens resigned as a Director and Mr. McMullen
resumed his status as the sole Director

         On May 10, 2001, Mr. Martin Cohen was appointed President and elected a
Director of the Company to serve until his successor is elected and agrees to
serve.

         On December 21, 2000, in consideration of the services rendered and to
be rendered by RN Capital Partners, Inc. in (1) negotiating, structuring and
finalizing the recession, nun pro tunc referred to above; (2) seeking and
negotiating with potential candidates interested in merging with the Company;
(3) putting the Company in compliance with its obligations as a 12G Company
under the Securities Exchange Act of 1934, as amended; and (4) paying and/or
assuming the payment of the Company's expenses, accrued and to be accrued,
(including but not limited to legal and accounting fees) in connection with
"cleaning up" the Company and bringing it in compliance with its obligations as
a 12G Company, the Board of Directors of the Company authorized and directed the
issuance of 13,500,000 shares of its Common Stock to RN Capital Partners. Mr.
Cohen is the President and Chief Operating Officer of RN Capital Partners, Inc.

         On December 21, 2000, the Company, in full satisfaction of any and all
claims Waylon McMullen, the former President of the Company and now a Director
of the Company, had or may have against the Company for (1) money expended on
behalf of the Company (including but not limited to Accounting Fees, Franchise
Taxes, acquisition of stock certificates); and (2) legal services rendered as
attorney for the Company, the Board of Directors authorized the issuance of
3,000,000 shares of its Common Stock to Mr. McMullen.

         On September 3, 2002, the Company and Southcal Investments, Inc.,
agreed to satisfy the Promissory Note issued by the Company, on June 18, 1998,
in the principal amount of $33,315 by the issuance of 2,000,000 shares of the
Company's Common Stock. As of September 3, 2002, the Company was indebted to
Southcal Investments, Inc., in the sum of approximately $44,530, consisting of
the principal of the Promissory Note plus accrued interest of $11,215.

                                       9
<PAGE>

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

         The following discussion should be read in conjunction with the
Financial Statements and Notes contained herein.

         The following sections contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve risks and uncertainties, and the cautionary
statements set forth below identify important factors that could cause actual
results over the next few quarters to differ materially from those predicted in
any such forward-looking statements. Such factors include, but are not limited
to, adverse changes in general economic conditions, adverse business conditions,
the inability to locate and negotiate favorable business combinations, the
inability of the Company's President to continue funding the Company and other
factors.

         The Company plans to seek one or more potential businesses that
Management believes warrant the Company's involvement. As a result of its
limited resources, the number of potential businesses available will be
extremely limited. The Company will not restrict its search to any particular
industry. Nevertheless, Management does not intend to become involved with a
company that is an investment company under the Investment Company Act of 1940;
with a company that is a broker or dealer of investment securities or
commodities; or with any company in which the officers, directors or
shareholders of the target company are officers or directors of the Company.
These business objectives are extremely general and are not intended to be
restrictive upon the discretion of Management. Except for the general
limitations contained above, management has not developed and does not intend to
develop specific criteria to be followed in the search for and selection of a
business acquisition. Shareholders will therefore have extremely limited
information as to Management's specific intentions and investors will be unable
to determine even the industries which management might consider.

         The target company may be (i) in its preliminary or developmental
stage, (ii) a financially troubled business or (iii) a going concern. It is
impossible to determine the capital requirements of the target business or
whether such business may require additional capital. Some target companies may
seek to establish a public trading market for their securities.

         The analysis of potential business endeavors will be undertaken by or
under the supervision of Management. Management will rely on its own business
judgment in evaluating businesses that the Company may acquire or participate.
Locating and investigating specific business proposals may take an extended
period of time. If a business is located, the negotiation, drafting, and
execution of relevant agreements, disclosure documents and other instruments
will require substantial time, effort, and expense. The time periods of these
subsequent steps cannot be determined. If a specific business endeavor cannot be
located the costs incurred in the investigation are not likely to be recovered.
The failure to consummate an attempted transaction would likely result in the
loss of the costs incurred.

                                       10
<PAGE>

         Shareholders of the Company are relying totally upon the business
judgment of Management. Shareholders will not likely be consulted or provided
any disclosure documentation in connection with any acquisition engaged in by
the Company, unless required by state corporate law or the Federal securities
laws. Although Management does not anticipate a sale of their Company shares in
connection with an acquisition, in the event Management does enter into an
agreement to do so, the remaining shareholders of the Company may not be
afforded an equal opportunity to do so. As Management intends to offer a
controlling interest in the Company, it is probable that a change of control
will occur as a result of an acquisition engaged in by the Company. To the best
knowledge of the Company, there are no lock-up agreements or understandings
between the Company and its shareholders or among the shareholders which has the
effect of restricting the transferability of any shareholders stock holdings.
There are no arrangements, agreements, or understandings between non-management
shareholders and management under which non-management shareholders may directly
or indirectly participate in or influence the management of the Company's
affairs, and there are no agreements concerning the election of members of the
Board of Directors.

         It is not presently anticipated that the Company will acquire or merge
with a business or company in which the Company's promoters, management or their
affiliates or associates directly or indirectly have an ownership interest,
however there is no agreement, policy, or understanding to prevent such a
transaction. In the event of such a non-arm's length transaction, Management
would seek an independent appraisal of the transaction. Notwithstanding the
foregoing, there is the potential that a conflict of interest will arise between
the Company and its management in which case Management's fiduciary duties may
be compromised. Any remedy available under state corporate law would, in such an
event, most likely be prohibitively expensive and time consuming.

         A number of states have enacted statutes, rules and regulations
limiting the sale of securities of blank check companies in their respective
jurisdictions. Some states prohibit the initial offer and sale as well as any
subsequent resale of securities of shell companies to residents of their states.
In such an event, the shareholders of the Company, as well as the shareholders
of any target company, may be limited in their ability to resell shares of the
Company. To the best knowledge of the Company, the following states may have
such limitations (this list is not exhaustive and a significant number of other
states may also have such limitations): Connecticut, Georgia, Oregon,
Washington, and Florida.

Results of Operations

         The Company had no revenue during the second quarter of 1997 or during
the second quarter of 1998. In fact the Company has not realized any revenues
since 1994.

                                       11
<PAGE>

         The primary expenses incurred in connection with the Company's
activities include travel and telephone expenses incurred to investigate
business opportunities, and legal and accounting fees for compliance with SEC
reporting requirements, for completion of the year end audit and in connection
with the investigation of potential business combination candidates, and the
negotiation of acquisition agreements and related documents in connection with
potential acquisitions. These expenses had, formerly, been paid or assumed by
Waylon McMullen, former President and still a Director of the Company. At
present these expenses are being paid or assumed by RN Capital Partners, a
company under the control of Martin Cohen and a principal shareholder of The
Furia Organization, Inc.

Critical Accounting Policies and Assumptions

         The Company's financial statements are prepared on the assumption that
the Company is a going concern. However, the Company has not had revenue from
operations during 1994 and it does not have other significant assets. If the
Company's president, through RN Capital Partners, Inc. does not continue paid
and/or assume the payment for operational expenses of the Company the Company's
operations will terminate.

         Although the Company had net operating loss carry-forwards at December
31, 1998 that may be offset against future taxable income, no tax benefit has
been recorded in the financial statements. Because the Company does not
currently have net income from ongoing operations, management assumes that the
net operating losses will expire unused. Also, in connection with any
acquisition, management assumes that more than 50% of the company's stock will
be purchased by the acquisition candidate or its shareholders. As a result,
certain limitations under the Internal Revenue Code on the use of net operating
losses will apply, which management assumes will cause most of the net operating
losses to expire without being utilized.

Financial Condition

         The Company does not presently have any material commitments for
capital expenditures. The Company's principal cash requirements are to fund
telephone and travel expenses associated with investigating potential business
activities, professional fees incurred in connection with its auditing and
reporting with the Securities and Exchange Commission and expenses incurred in
connection with any business combination that it decides to pursue. These
expenses have been funded and paid for by Officers and Directors of the Company.

                                       12
<PAGE>

                           PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

         None

Item 2.  Changes in Securities and Use of Proceeds

         (a)      None

         (b)      None

         (c)      None

         (d)      Not applicable

Item 3.  Defaults upon Senior Securities

         None

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

         None

Item 5.  Other Information

         On May 10, 2001, Mr. Martin Cohen was appointed President and elected a
Director of the Company to serve until his successor is elected and agrees to
serve.

         On December 21, 2000, in consideration of the services rendered and to
be rendered by RN Capitals Partners, Inc., in (1) negotiating, structuring and
finalizing the recession, nun pro tunc referred to above; (2) seeking and
negotiating with potential candidates interested in merging with the Company;
(3) putting the Company in compliance with its obligations as a 12G Company
under the Securities Exchange Act of 1934, as amended; and (4) paying and/or
assuming the payment of the Company's expenses, accrued and to be
accrued,(including but not limited to legal and accounting fees) in connection
with "cleaning up" the Company and bringing it in compliance with its
obligations as a 12G Company, the Board of Directors of the Company authorized
and directed the issuance of 13,500,000 shares of its Common Stock to RN. To
date, RN Capital Partners has been satisfying the obligations of the Company.
Mr. Martin Cohen, President of The Furia Organization, Inc., is also the
President and Chief Operating Officer of RN Capital Partners, Inc.

         On September 3, 2002, the Company and Southcal Investments, Inc.,
agreed to satisfy the Promissory Note issued by the Company, on June 18, 1998,
in the principal amount of $33,315 by the issuance of 2,000,000 shares of the
Company's Common Stock. As of September 3, 2002, the Company was indebted to
Southcal Investments, Inc., in the sum of approximately $44,530, consisting of
the principal of the Promissory Note plus accrued interest of $11,215.

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

         (A)      Exhibits.

         (B)      Reports on Form 8-K.

                  1.       A Current Report on Form 8-K was filed on August 20,
                           2002 and amended on August 26, 2002 to report the
                           change of accountants.

                  2.       A Current Report on Form 8-K was filed on August 20,
                           2002 to report a change of control.

                                       13
<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated:  September 30, 2002           THE FURIA ORGANIZATION, INC.


                                     By:     /s/ Martin Cohen
                                         ---------------------------------------
                                          Martin Cohen
                                          President and Chief Accounting Officer


                                       14
<PAGE>

                            SECTION 302 CERTIFICATION


         I, Martin Cohen, certify that:

         1. I have reviewed this quarterly report on Form 10-QSB of The Furia
Organization, 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
respect the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

September 30, 2002


                                                  /s/ Martin Cohen
                                                  -----------------------------
                                                  Martin Cohen, President


                                       15