UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-Q

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

                     For the Quarter Ended October 31, 2001

                                      OR

[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) FOR THE SECURITIES
          EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
                    For the Transition Period From ________ to _______.


                        Commission File Number: 0-13628
                       ---------------------------------

                        TRIDON ENTERPRISES INCORPORATED
            (Exact name of registrant as specified in its charter)


        Colorado                                               13-3183646
(State or other jurisdiction of                             (IRS employer
 incorporation or organization)                          identification number)

     345 North  Maple  Drive,  Suite 281  Beverly  Hills,  CA 90210
           (Address of principal executive offices)       (Zip code)

               Registrant's telephone number, including area code:
                                  (310) 276-6742


          SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

                   Common Shares, par value $.001 per share

Indicate  by a check  mark  whether  the  Registrant  (1) has filed all  reports
required to be filed by section 12 or 15 (d) of the  Securities  Exchange Act of
1934 during the  preceding  12 months,  and (2) has been  subject to such filing
requirements  for the past 90 days.  Yes [X] No [ ].

As of  October  31,  2001,  there  were  87,438,053  shares  outstanding  of the
Registrant's common stock, $.001 par value.

<PAGE>


                         TRIDON ENTERPRISES INCORPORATED
                                      10-Q

                                      INDEX


Part I. Financial Information

        Item 1. Consolidated Financial Statements (unaudited)

                Balance Sheets                                             3

                Statements of Operations                                   4-5

                Statements of Cash Flows                                   6-7

                Notes to Consolidated Financial Statements                 8

        Item 2. Management's Discussion and Analysis
                of Financial Condition and Results of
                Operation                                                  9

Part II.   OTHER INFORMATION

Item 1.    Legal Proceedings                                              10

Item 2.    Change in Securities and Use of Proceeds                       10

Item 3.    Defaults Upon Senior Securities                                10

Item 4.    Submission of Matters to a Vote of Security Holders            11

Item 5.    Other Information                                              11

Item 6.    Exhibits and Reports on Form 8-K                               11

SIGNATURES                                                                12





                                       2

<PAGE>
PART I.   FINANCIAL INFORMATION
Item 1.   Financial Statements
<TABLE>
<CAPTION>
                         TRIDON ENTERPRISES INCORPORATED
                      (A Company In The Development Stage)
                                 Balance Sheets
                       October 31, 2001 and April 30, 2001

                                     Assets
                                                              October 31, 2001  April 30, 2001
                                                              ----------------  --------------
                                                                (Unaudited)       (Audited)
<S>                                                            <C>              <C>
Current Assets:
     Cash                                                      $         162    $         171
     Notes Receivable and Interest Receivable                        277,310          277,310
     Less Allowance for Bad Debt                                    (277,310)        (277,310)
     Prepaid Expenses                                                 17,424                0
                                                               --------------   --------------
         Total Current Assets                                         17,586              171
                                                               --------------   --------------
Furniture and Equipment - at Cost                                     17,993           17,993
     Accumulated Depreciation                                        (14,391)         (13,335)
                                                               --------------   --------------
         Net Furniture and Equipment                                   3,602            4,658
                                                               --------------   --------------
         Total Assets                                          $      21,188    $       4,829
                                                               ==============   ==============

                 Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
     Accounts Payable and Accrued Expenses                     $     298,004    $     287,338
     Advances from Stockholder                                       201,711          172,630
     Advances from Vertex Marketing                                   39,400           39,400
                                                               --------------   --------------
         Total Current Liabilities                                   539,115          499,368
Commitments And Contingencies                                              -                -
                                                               --------------   --------------
         Total Liabilities                                           539,115          499,368
                                                               --------------   --------------
Stockholders' Equity (Deficit):
     Common Stock, $.001 Par Value, 100,000,000
       Shares Authorized, 87,438,053 and 88,591,886
       Shares Issued and Outstanding Respectively                     87,438           88,592
     Preferred Stock, 7% Cumulative Convertible,
       Par Value $.001, 20,000,000 Shares Authorized,
       35,800 Shares Issued And Outstanding                               36               36
     Additional Paid-In Capital                                   12,703,736       12,686,121
     Deficit Accumulated During Development Stage                (13,309,137)     (13,269,288)
                                                               --------------   --------------
         Total Stockholders' Equity (Deficit)                       (517,927)        (494,539)
                                                               --------------   --------------
         Total Liabilities And Stockholders' Equity (Deficit)  $      21,188    $       4,829
                                                               ==============   ==============
</TABLE>

                 See accompanying notes to financial statements
                                       3


<PAGE>
<TABLE>
<CAPTION>
                         TRIDON ENTERPRISES INCORPORATED
                      (A Company In The Development Stage)
                            Statements Of Operations
                                                        Three Months   Three Months
                                                           Ended          Ended
                                                        October 31,    October 31,
                                                            2001           2000
                                                        ------------   -----------
<S>                                                     <C>            <C>
Revenue:
     Net Sales                                          $          0   $         0
     Cost of Sales                                                 0             0
                                                        ------------   -----------
Gross Loss                                                         0             0
                                                        ------------   -----------
Operating Expenses:
   General and Administrative                                 16,006        23,122
   Consulting Fees                                                 0             0
   Research and Development                                        0             0
   Computer Software Development Costs                             0             0
   Interest                                                        0             0
                                                        ------------   -----------
       Total Operating Expenses                               16,006         3,122
                                                        ------------   -----------
       Net Loss from Operations                              (16,006)      (23,122)
                                                        ------------   -----------
Other Income (Expense)
   Consulting Fees Related to Common Stock Issued                  0             0
   Officer's Salary Related to Common Stock Issued                 0             0
   Interest                                                        0             0
   Casualty Loss - Boat                                            0             0
   Gain on Settlement                                              0             0
   Forgiveness of Interest                                         0             0
   Forgiveness of Debt                                             0             0
   Realized Gain on Disposition of Marketable Securities           0             0
   Loss on Permanent Impairment of Securities                      0             0
   Miscellaneous                                                   0             0
   Bad Debt Expense                                                0             0
   Litigation Settlement                                           0             0
                                                        ------------   -----------
            Total Other Income (Loss)                              0             0
                                                        ------------   -----------
Loss from Continuing Operations Before Income Tax
Benefit (Expense)                                            (16,006)      (23,122)
Income Tax Benefit (Expense )                                      0             0
                                                        ------------   -----------
Loss from Continuing Operations                              (16,006)      (23,122)
Gain on Disposal of Segment                                        0             0
Loss on Discontinued Operations                                    0             0
                                                        ------------   -----------
Net Loss                                                $    (16,006)  $   (23,122)
                                                        ============   ===========
Loss Per Share                                          $       (.00)  $      (.00)
                                                        ============   ===========
Weighted Average Number of Shares Outstanding             91,188,053    79,794,734
                                                        ============   ===========
</TABLE>
                 See accompanying notes to financial statements
                                       4
<PAGE>
<TABLE>
<CAPTION>
                         TRIDON ENTERPRISES INCORPORATED
                      (A Company In The Development Stage)
                            Statements Of Operations (Continued)
                                                                            Six Months     Six Months
                                                                              Ended         Ended
                                                          Inception To      October 31,    October 31,
                                                        October 31, 2001        2001           2000
                                                        ---------------     ------------   -----------
<S>                                                     <C>                 <C>            <C>
Revenue:
     Net Sales                                          $       151,729     $          0   $         0
     Cost of Sales                                              182,581                0             0
                                                        ---------------     ------------   -----------
Gross Loss                                                      (30,852)               0             0
                                                        ---------------     ------------   -----------
Operating Expenses:
  General and Administrative                                  6,378,267           19,587        31,581
  Consulting Fees                                               752,250                0             0
  Research and Development                                      132,697                0             0
  Computer Software Development Costs                           630,066                0             0
  Interest                                                      893,637           19,462         5,000
                                                        ---------------     ------------   -----------
      Total Operating Expenses                                8,786,917           39,049        36,581
                                                        ---------------     ------------   -----------
      Net Loss from Operations                               (8,817,769)         (39,049)      (36,581)
                                                        ---------------     ------------   -----------
Other Income (Expense)
  Consulting Fees Related to Common Stock Issued             (1,049,016)               0             0
  Officer's Salary Related to Common Stock Issued            (1,157,328)               0             0
  Interest                                                       97,949                0             0
  Casualty Loss - Boat                                       (3,000,000)               0             0
  Gain on Settlement                                            411,495                0             0
  Forgiveness of Interest                                         8,901                0             0
  Forgiveness of Debt                                           123,994                0             0
  Realized Gain on Disposition of Marketable Securities           2,720                0             0
  Loss on Permanent Impairment of Securities                 (1,120,050)               0             0
  Miscellaneous                                                   1,043                0             0
  Bad Debt Expense                                             (395,149)               0             0
  Litigation Settlement                                        (429,978)               0             0
                                                        ---------------     ------------   -----------
              Total Other Income (Loss)                      (6,505,419)               0             0
                                                        ---------------     ------------   -----------
Loss from Continuing Operations Before Income Tax
Benefit (Expense)                                           (15,323,188)         (39,049)      (36,581)
Income Tax Benefit (Expense )                                    79,405             (800)         (800)
                                                        ---------------     ------------   -----------
Loss from Continuing Operations                             (15,243,783)         (39,049)      (37,381)
Gain on Disposal of Segment                                   3,836,964                0             0
Loss on Discontinued Operations                              (1,854,000)               0             0
                                                        ---------------     ------------   -----------
Net Loss                                                $   (13,260,819)    $    (39,849)  $   (37,381)
                                                        ===============     ============   ===========
Loss Per Share                                                              $       (.00)  $      (.00)
                                                                            ============   ===========
Weighted Average Number of Shares Outstanding                                 90,075,410    79,709,020
                                                                            ============   ===========
</TABLE>
                 See accompanying notes to financial statements
                                       5
<PAGE>
<TABLE>
<CAPTION>
                         TRIDON ENTERPRISES INCORPORATED
                      (A Company In The Development Stage)
                            Statements Of Cash Flows

                                                                            Six Months     Six Months
                                                                              Ended         Ended
                                                          Inception To      October 31,    October 31,
                                                        October 31, 2001        2001           2000
                                                        ---------------     ------------   -----------
<S>                                                     <C>                 <C>            <C>
Cash Flows From Operating Activities:
   Net Loss                                             $  (13,260,819)     $   (39,849)   $   (37,381)
     Adjustments to Reconcile Net Loss to Net
      Cash Provided (Used) by Operations:
       Loss on Disposal of Segment                          (3,836,964)               0              0
       Loss on Permanent Impairment of Marketable
         Securities                                          1,120,050                0              0
       Gain on Sale of Marketable Securities                    (7,467)               0              0
       Write-Down of Investment                                 25,000                0              0
       Depreciation                                             15,553            1,056          1,224
       Increase in Allowance for Bad Debts                     414,365                0              0
       Professional Fees                                        12,885                0              0
       Outside Services Paid by Issuance of Common Stock     1,580,923                0              0
       Officers' Salaries Related to Common Stock Issued     1,697,328          (61,400)             0
       Operating Expenses Paid by Officer/Stockholder          218,637           51,922              0
       Loan Fees Related to Common Stock Issued              1,049,016                0              0
       Write-Down of Screenplays                                49,800                0              0
       Loss on Fixed Asset Disposal                              7,726                0              0
       Research and Development                                 88,000                0              0
       Interest Expense                                        374,207           19,462          5,000
       Reclassification of Common Stock Subscribed             225,000                0              0
       Forgiveness of Interest                                  (8,901)               0              0
       Maritime Loss                                         3,462,825                0              0
       Forgiveness of Debt                                    (123,994)               0              0
       Stock Issued in Litigation Settlement                   429,978                0              0
     (Increase) Decrease in:
       Prepaid Expenses                                        759,940                0              0
       Notes Receivable                                         (9,417)               0              0
       Interest Receivable                                     (25,000)               0              0
     Increase (Decrease) in:
       Accounts Payable and Accrued Expenses                   477,227           28,800         30,367
       Preferred Stock Subscription                             10,000                0              0
       Estimated Future Cost of Discontinued
        Operations                                               3,125                0              0
       Accounts Payable - Vintage Group, Inc.                   45,574                0              0
                                                        ---------------     ------------   -----------
         Net Cash Provided (Used) by
           Operating Activities                             (5,205,403)              (9)          (790)
                                                        ---------------     ------------   -----------
</TABLE>

                 See accompanying notes to financial statements
                                       6

<PAGE>
<TABLE>
<CAPTION>
                         TRIDON ENTERPRISES INCORPORATED
                      (A Company In The Development Stage)
                      Statements Of Cash Flows (Continued)

                                                                            Six Months     Six Months
                                                                              Ended         Ended
                                                          Inception To      October 31,    October 31,
                                                        October 31, 2001        2001           2000
                                                        ---------------     ------------   -----------
<S>                                                     <C>                 <C>            <C>

Cash Flows From Investing Activities:
   Loans Made                                                 (375,757)               0              0
   Investments in Marketable Equity Securities                (238,550)               0              0
   Proceeds from Sale of Securities                            440,743                0              0
   Sale of Common Stock                                         13,550                0              0
   Investment in Screenplays                                   (40,000)               0              0
   Purchase of Furniture and Equipment                         (26,881)               0              0
   Advances to Officers                                        (91,627)               0              0
   Investment in Production                                     (1,925)               0              0
   Repayments of Notes Receivable                                6,000                0              0
                                                        ---------------     ------------   -----------
       Net Cash Provided (Used) by Investing Activities       (314,447)               0             0
                                                        ---------------     ------------   -----------
Cash Flows From Financing Activities:
   Proceeds from Issuance of Common Stock                    4,906,325                0              0
   Proceeds from Issuance of Convertible Preferred Stock       135,003                0              0
   Increase in Paid-In Capital                                  99,866                0              0
   Proceeds from Issuance of Convertible Notes Payable          59,025                0              0
   Advances from Officer                                       325,174                0              0
   Repayments of Advances from Officer                         (44,785)               0              0
   Advances from Vertex Marketing                               39,400                0              0
                                                        ---------------     ------------   -----------
       Net Cash Provided By Financing Activities             5,520,008                0              0
                                                        ---------------     ------------   -----------
Net Increase (Decrease) in Cash                                    158               (9)          (790)
Cash at Beginning of Period                                          4              171          1,250
                                                        ---------------     ------------   -----------
Cash at End of Period                                   $          162      $       162    $       460
                                                        ==============      ===========    ===========
</TABLE>


                 See accompanying notes to financial statements
                                       7


<PAGE>


                         Tridon Enterprises Incorporated
                      (A Company in the Development Stage)
                   Notes to Consolidated Financial Statements
                                  (Unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

In the opinion of management,  the accompanying  unaudited financial  statements
contain all the normal  recurring  adjustments  necessary to present  fairly the
financial  position of the Company as of October  31,  2001,  the results of its
operations for the three and nine month periods ended October 31, 2001 and 2000,
and its cash flows for the six month  periods  ended  October 31, 2001 and 2000.
Operating  results for the three and nine month  periods  ended October 31, 2001
are not necessarily  indicative of the results that may be expected for the year
ended April 30, 2002.

Basis of Consolidation and Combination

The consolidated  financial statements for October 31, 2001 and 2000 include the
accounts of Tridon Enterprises,  Incorporated and its wholly-owned subsidiaries,
Vertex   Corporation   and  Tridon   Communications   Corporation.   Significant
intercompany  accounts and transactions  have been eliminated in  consolidation.
Both Vertex Corporation and Tridon Communications  Corporation were inactive for
the three months ended October 31, 2001 and 2000.

Use of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect 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.  Accordingly,
actual results could differ from those estimates.


Basis of Presentation

The  Companies  have  not  generated   significant   revenues  since  inception.
Consequently, the accompanying financial statements have been prepared using the
accounting  formats  prescribed for development  stage enterprises in accordance
with Financial Accounting Standards Board Statement 7.


Cash Equivalents

The Companies consider all highly liquid  investments  purchased with a maturity
of three months or less to be cash equivalents.


Earnings per Common Share

Net loss per share is  computed  using  the  weighted  average  number of common
shares outstanding during the period.  Stock options have not been considered in
the calculation of loss per share because they are antidilutive.


                                       8

<PAGE>

Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations

FORWARD LOOKING STATEMENTS

This report contains certain  forward-looking  statements  within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all
forward-looking  statements  involve risks and  uncertainty,  including  without
limitation,  the ability of us develop our  technology  and execute our business
plan.  Although  we  believe  the  assumptions  underlying  the  forward-looking
statements  contained  herein are reasonable,  any of the  assumptions  could be
inaccurate,  and therefore,  there can be no assurance that the  forward-looking
statements contained in the report will prove to be accurate.

LIQUIDITY AND CAPITAL RESOURCES

The Company had a net loss of $39,849 for the six months ended  October 31, 2001
compared to a net loss of $37,381 for the same period in October 31,  2000.  The
Company does not generate any cash from operations.

The  Company's  future is  uncertain  as to its  ability  to meet the  financial
commitments required to maintain current SEC filings and to meet working capital
requirements.

The  Company  and  its  subsidiaries  have  suffered  substantial  losses  since
inception.  The  long-term  continuation  of the  Company as a going  concern is
dependent  upon the  Company's  ability  to  establish  itself  as a  profitable
business.  It is  Management's  belief that the Company  will  continue to incur
losses  during the current year and require  additional  funds.  The  additional
funding will be obtained  from private or public equity  investment,  loans from
shareholders,   advances  from  officers,   and  possible  future  collaborative
agreements.  It is  Management's  goal to merge the  Company  with a  profitable
operating company in order to create a viable entity.  There can be no assurance
the Company's will be successful in achieving these objectives.

ACQUISITION TRANSACTION

On October 15, 2001 the Company  executed a share exchange  agreement to acquire
all of the assets,  business,  operations of Alpha  Spacecom  ("Alpha"),  a Hong
Kong-based  company (and all "Immediate  Companies") that developed and owns the
cost effective broadband Ka-band satellite system designated "Alphacom". Subject
to customary due diligence and  documentation  procedures,  the  transaction  is
scheduled to close on or before November 30, 2001.

Alpha has a principal  role in an on-going  program to construct and launch KA
Band  satellite(s)  for  the  exclusive   distribution  of  media,   sports  and
entertainment  programming  to Mainland  China.  Alpha's  team of Beijing  based
scientists and engineers have developed  sophisticated KA Band  technologies for
platforms relevant to both receptive and interactive  satellite signals enabling
Chinese  language  programming to be distributed  via "spot" signals  throughout
both the major urban and rural areas of the country.


                                       9
<PAGE>


Alpha's  Chinese  government  counterpart  in this  venture  is China  Broadcast
Satellite  Transmission  Co., Ltd.  ("CBSat),  the wholly owned satellite arm of
China's  Ministry  of Film,  Television  and Radio  ("SARFT"),  the state  owned
satellite  broadcasting  group  which  has the  official  mandate  to  develop a
coordinated means of satellite  transmission of both  domestically  produced and
foreign language programming for China, including sports, entertainment,  media,
Pay-per-View,  interactive data communications services, Internet, intra net and
mobile communications.

Under a turnkey  contract with Lockheed  Martin  Corporation's  Lockheed  Martin
Commercial   Space  Systems   ("LMCSS")  the  satellite   network  is  designed,
constructed,  launch vehicles supplied, launched,  maintained, and an integrated
ground network established.

The  Alpha  Spacecom  communications  platform,  Alphacom  System,  is the  only
approved  satellite  system available for distribution of both local and foreign
programming  in China.  Once  launched  the  Alphacom  System  will  provide  an
exclusive  platform for Chinese  language and foreign  programming with capacity
for direct, interactive and Pay-per-View services in the world's fastest growing
market for telecommunication services.

The Alphacom  System is extremely well suited for the vast China market as it is
less expensive than  terrestrial  networks because of the widely dispersed rural
populations, harsh climate and geography.

The  Alphacom  System  with its  Government  backing  can  provide an  effective
solution to China's communications and entertainment need in the 21st Century.

The merger of Tridon with Alpha  Spacecom is  scheduled to close on November 30,
2001.


PART II.   OTHER INFORMATION

Item 1.    Legal Proceedings

None


Item 2.    Change in Securities and Use of Proceeds

None


Item 3.    Defaults Upon Senior Securities

None


                                       10
<PAGE>

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

Not applicable


Item 5.    Other Information

Not applicable


Item 6.    Exhibits and Reports on Form 8-K

(a)      Exhibits

None

(b)      Reports on Form 8-K

          On October 3, 2001, the  Registrant  reported on Form 8-K the issuance
     of a press  release on October 2, 2001  announcing  the Company had entered
     into a preliminary agreement to acquire all operations of Alpha Spacecom.






                                       11
<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 and on the
dates indicated by the undersigned thereunto duly authorized.

                                         TRIDON ENTERPRISES INCORPORATED


                                          /s/ Brian T. Brick
Date:     November 21, 2001         By:  --------------------------
                                          Brian T. Brick
                                          Chief Executive Officer
                                          (Principal Executive Officer and
                                          Principal Financial Officer)









                                       12