U.S. SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 10-QSB

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

( )  TRANSACTION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934

          For Quarter Ended:                       Commission File Number:
            June 30, 2002                                000-13628


                            TRIDON ENTERPRISES, INC.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


            COLORADO                                  13-3183646
  -------------------------------      ------------------------------------
  (State or other jurisdiction of      (IRS Employer Identification Number)
   incorporation or organization)




                        11601 Wilshire Blvd., Suite 2040
                              Los Angeles, CA 90025
      ---------------------------------------------------------------------
     (Address of Principal Executive Offices)                  (Zip Code)

                                 (852) 2972-2772
                 -----------------------------------------------
                (Issuer's Telephone Number, Including Area Code)


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 filing  requirements
for the past 90 days.

                   Yes  X  No___

The number of shares of Common Stock, par value $0.001 per share, outstanding as
of June 30, 2002 is 99,115,169.

Transitional Small Business Disclosure Format
(check one):   Yes ___   No  X


<PAGE>


                            TRIDON ENTERPRISES, INC.

                              INDEX TO FORM 10-QSB

                                  June 30, 2002



 PART I.  Financial Information                                         Page No.

   Item 1     Financial Statements (unaudited)                             2

               Consolidated Balance Sheets                                 3
               Consolidated Statements of Operation for three and six
                months ended June 30, 2002 and 2001                        4
               Consolidated Statements of Shareholders'
                Deficiency at June 30, 2002                                5
               Consolidated Statements of Cash Flows for six
                months ended June 30, 2002 and 2001                        6
               Notes to Consolidated Financial Statements                  7


   Item 2.    Management's Discussion and Analysis of Financial
               Condition and Results of Operation                         11

 PART II.  Other Information

   Item 1.    Legal Proceedings                                           14

   Item 2.    Changes  in  Securities  and Use of Proceeds                14

   Item 3.    Defaults Upon Senior Securities                             14

   Item 4.    Submission  of Matters to a Vote of Security Holders        14

   Item 5.    Other Information                                           14

   Item 6.    Exhibits and Reports on Form 8-K                            14






                                       1


<PAGE>
PART I    FINANCIAL INFORMATION


ITEM 1    FINANCIAL STATEMENTS



                          ALPHA SKY INVESTMENT LIMITED
                                AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)

                        CONSOLIDATED FINANCIAL STATEMENTS

                                  JUNE 30, 2002














                                       2
<PAGE>

                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
                           Consolidated Balance Sheets
                                   (Unaudited)

                              A S S E T S              June 30,     December 31,
                                                        2002           2001
                                                     ------------   -----------
                                                        US$            US$
                                                     ------------   -----------
Current Assets:
   Cash and cash equivalents                                1,676         4,412
   Other receivables, deposits and prepayments             44,995        44,995
                                                     ------------   -----------

         Total Current Assets                              46,671        49,407

Property, plant and equipment, net                         42,869        54,944
                                                     ------------   -----------

                                                           89,540       104,351
                                                     ============   ===========

                            LIABILITIES AND
                       SHAREHOLDERS' DEFICIENCY

Current Liabilities:
   Other accounts payable and accrued expenses            603,455       252,649
   Advances from third parties                             33,000             -
   Advances from related parties                          924,481       817,983
   Advances from shareholder                              176,729       176,729
                                                     ------------   -----------

         Total Current Liabilities                      1,737,665     1,247,361
                                                     ------------   -----------

Shareholders' Deficiency:
   Preferred stock:
     7% cumulative convertible, par value $0.001;
      20,000,000 shares authorized; 10,035,800
      shares issued and outstanding as of
      June 30, 2002                                       10,036         10,036
   Common stock:
     $0.001 par value; 100,000,000 shares
      authorized; 98,468,000 shares issued and
      outstanding as of June 30, 2002                     98,468         98,468
   Accumulated deficit                                (1,756,629)    (1,251,514)
                                                     ------------   -----------

         Total Shareholders' Deficiency               (1,648,125)    (1,143,010)
                                                     ------------   -----------

                                                          89,540        104,351
                                                     ============   ===========

The  accompanying  notes are an integral  part of these  consolidated  financial
statements.

                                       3
<PAGE>
<TABLE>
<CAPTION>
                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
                      Consolidated Statements of Operations
                                   (Unaudited)

                     Six Months Ended June 30, 2002 and 2001



                                 Cumulative      Three months ended June 30,    Six months ended June 30,
                                   During        --------------------------     -------------------------
                                 Development       2002            2001            2002           2001
                                   Stage         ----------     -----------     ----------     ----------
                                ------------      (US$'000)      (US$'000)       (US$'000)      (US$'000)

<S>                             <C>              <C>            <C>             <C>            <C>
Income                                     -              -               -              -              -

General and Administrative
Expenses                          (1,341,727)      (273,615)        (58,444)      (505,119)      (121,795)
                                ------------     ----------     -----------     ----------     ----------

Loss from Operations              (1,341,727)      (273,615)        (58,444)      (505,119)      (121,795)

Other Income                             111              -               -              4              5
                                ------------     ----------     -----------     ----------     ----------

Loss Before Income Taxes
                                  (1,341,616)      (273,615)        (58,444)      (505,115)      (121,790)

Income Taxes                               -              -               -              -              -
                                ------------     ----------     -----------     ----------     ----------

Net Loss                          (1,341,616)      (273,615)        (58,444)      (505,115)      (121,790)
                                ============     ==========     ===========     ===========    ==========

Loss Per Common Share -
Basic                                               (0.003)          (0.001)        (0.005)        (0.001)
                                                 ==========     ===========     ==========     ==========
</TABLE>





The  accompanying  notes are an integral  part of these  consolidated  financial
statements.


                                       4
<PAGE>


<TABLE>
<CAPTION>
                                       ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                                               (A Development Stage Company)
                                    Consolidated Statements of Shareholders' Deficiency
                                                        (Unaudited)
                                          Six Months Ended June 30, 2002 and 2001


                                             Preferred      Additional
                               Common Stock    Stock      Paid-In Capital      Accumulated Deficit      Total            Total
                            ---------------- ---------  ------------------   -----------------------  -----------     ------------
                                                                                                      Accumulated     Shareholders
                             Alpha   Tridon    Tridon    Alpha    Tridon        Alpha       Tridon      Deficit        Deficiency
                              US $    US $      US $      US $     US $          US $        US $         US $            US $
                            -------  ------- ---------  ------  ----------   ----------  -----------  -----------     -------------
<S>                         <C>      <C>     <C>        <C>       <C>        <C>          <C>         <C>             <C>
Balance at December 31,
   2000                       1,000   79,795      53      282   12,416,102     (416,684) (13,269,287) (13,685,971)      (1,188,739)

Issuance of common stock in
 connection with:
    Conversion of
     preferred stock             -       700     (17)      -       151,800           -            -            -           152,483
    Payment of dividends
     on preferred stock          -     3,943      -        -        63,834           -            -            -            67,777
    Conversion of
     shareholder loan            -    14,030      -        -       535,258           -            -            -           549,288
   Effect of share exchange  (1,000)      -   10,000     (282) (13,166,994)          -    13,158,276   13,158,276               -

Net loss during the year         -        -       -        -            -      (419,817)    (304,002)    (723,819)        (723,819)
                            -------  ------- ---------  ------  ----------   ----------  -----------  -----------     -------------

Balance at December 31,
  2001                           -    98,468  10,036       -            -      (836,501)    (415,013)  (1,251,514)      (1,143,010)
                            -------  ------- ---------  ------  ----------   ----------  -----------  -----------     -------------

Net loss during the period       -        -       -        -            -      (505,115)           -     (505,115)        (505,115)
                            -------  ------- ---------  ------  ----------   ----------  -----------  -----------     -------------

Balance at June 30,
  2002                           -    98,468  10,036       -          -      (1,341,616)    (415,013)  (1,756,629)      (1,648,125)
                            =======  ======= =========  =======  =========   ==========  ===========  ===========     ============
</TABLE>




The  accompanying  notes are an integral  part of these  consolidated  financial
statements.

                                       5
<PAGE>
<TABLE>
<CAPTION>
                                       ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                                               (A Development Stage Company)
                                           Consolidated Statements of Cash Flows
                                                        (Unaudited)

                                          Six Months Ended June 30, 2002 and 2001

                                                        Cumulative
                                                           During          2002            2001
                                                        Development     -----------     -----------
                                                           Stage            US$             US$
                                                        -----------     -----------     -----------
<S>                                                     <C>             <C>             <C>
Cash Flows from Operating Activities:
   Net loss                                              (1,341,616)       (505,115)       (121,790)
   Adjustments to reconcile net loss to net cash
     used in operating activities:
     Depreciation and amortization                           81,130          12,075           17,776
     Allowance for bad debts                                  2,777               -               -
   Changes in operating assets and liabilities:
     Increase in other receivables,
       Deposits and prepayments                             (31,765)              -               -
     Increase in other payables and
       accrued expenses                                     495,313         350,806               -
                                                        -----------     -----------     -----------

Net Cash Used in Operating Activities                      (794,161)       (142,234)      (104,014)
                                                        -----------     -----------     -----------

Cash Flows from Investing Activities:
   Acquisition of plant and equipment                      (120,749)              -               -
                                                        -----------     -----------     -----------
Cash Flows from Financing Activities:
   Increase in advances from related parties              1,153,824         115,857         132,396
   Repayments to related parties                           (271,520)         (9,359)              -
   Issuance of common stock                                   1,282               -               -
   Deposits received for issuance of common stock            33,000          33,000               -
                                                        -----------     -----------     -----------

Net Cash Provided by Financing Activities                   916,586         139,498         132,396
                                                        -----------     -----------     -----------

Net Increase (Decrease) in Cash                               1,676          (2,736)         28,382

Cash and Cash Equivalents - Beginning                             -           4,412           1,776
                                                        -----------     -----------     -----------

Cash and Cash Equivalents - Ending                            1,676           1,676          30,158
                                                        ===========     ===========     ===========
</TABLE>

The  accompanying  notes are an integral  part of these  consolidated  financial
statements.


                                       6
<PAGE>


                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

                     Six Months Ended June 30, 2002 and 2001

NOTE 1 -  BASIS OF PRESENTATION

          The consolidated  financial  statements  include the accounts of Alpha
          Sky  Investment  Limited  and its  wholly-owned  subsidiaries,  Tridon
          Enterprises  Incorporated,  Accuhigh  Investments  Limited,  Tidy  Sum
          Investments  Limited and Alpha Spacecom Company Limited  (collectively
          the   "Company").   All   significant   inter-company   accounts   and
          transactions have been eliminated in consolidation.

          The accompanying unaudited  consolidated  financial statements,  which
          are for interim  periods,  do not include all disclosures  provided in
          the  annual  consolidated   financial   statements.   These  unaudited
          consolidated  financial  statements should be read in conjunction with
          the  consolidated  financial  statements  and  the  footnotes  thereto
          contained  in the  Annual  Report on Form  10-KSB  for the year  ended
          December 31, 2001 of Alpha Sky Investment Limited and Subsidiaries, as
          filed  with  the  Securities  and  Exchange  Commission.  The  summary
          December 31, 2001 balance sheet was derived from audited  consolidated
          financial statements, but does not include all disclosures required by
          generally accepted accounting principles.

          In the opinion of the Company, the accompanying unaudited consolidated
          financial  statements  contain all adjustments  (which are of a normal
          recurring  nature)  necessary for a fair presentation of the financial
          statements.  The  results  for  interim  periods  are not  necessarily
          indicative of results to be expected for the complete fiscal year.


NOTE 2 -  ORGANIZATION AND BUSINESS

          The  Company  has  been  in  the  development  stage  since  formation
          (December  9, 1998) and  primarily  through  the  operations  of Alpha
          Spacecom Company  Limited,  is engaged in the business of developing a
          KA band  communication  satellite  system that will provide  broadband
          telecommunications  services  to the  People's  Republic of China (the
          "PRC") and its neighboring Asia Pacific countries.

          Alpha   Spacecom   Company   Limited  has  signed  a   memorandum   of
          understanding  with  China  Broadcasting  Film  Television   Satellite
          Company  ("CBSat"),  a division  of China's  State  Administration  of
          Radio, Film and Television  ("SARFT") to develop,  construct,  launch,
          maintain  and operate KA bank  satellites  for  distribution  of news,
          sports,  entertainment and Satellite Pay Per View ("SPPV") services in
          the PRC. Alpha Spacecom  Company  Limited has also signed a memorandum
          of  understanding   with  Lockheed  Martin  Commercial  Space  Systems
          ("LMCSS") whereby LMCSS will provide design, supply,  installation and
          integration of the ground network and satellites,  namely the Alphacom
          System.

                                       7
<PAGE>


                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

NOTE 2 -  ORGANIZATION AND BUSINESS (CONTINUED)

          Alpha Sky Investment  Limited ("Alpha") was incorporated on August 19,
          1998  in  the  British  Virgin  Islands.   It  was  incorporated  with
          authorized  share  capital of 50,000 shares of common stock with a par
          value of $1.00 per share.  As of June 30, 2002 and  December 31, 2001,
          1,000 shares of common stock were issued and outstanding.

          Accuhigh  Investments  Limited  ("Accuhigh"),  a British Virgin Island
          Company,  was incorporated on June 12, 2001. It was incorporated  with
          authorized  share  capital of 50,000 shares of common stock with a par
          value of $1.00 per share.  As of June 30, 2002 and  December 31, 2001,
          one share of common stock was issued and outstanding.

          Tidy  Sum  Investments  Limited,  a  British  Virgin  Islands  Company
          ("Tidy"),  was  incorporated  on June 22, 2001 with  authorized  share
          capital  of  50,000  shares of  common  stock;  par value of $1.00 per
          share.  As of June 30, 2002 and December 31, 2001, one share of common
          stock was issued and outstanding.

          Alpha Spacecom  Company Limited ("ASC",  the "operating  company") was
          incorporated in Hong Kong on December 9, 1998,  with authorized  share
          capital of 10,000  shares of common stock with a par value of HK $1.00
          per share.  As of June 30, 2002 and December  31,  2001,  one share of
          common stock was issued and outstanding.

          On  July  10,  2001,  Accuhigh  acquired  100%  of the  shares  of ASC
          accounted  for  under  the  purchase   method  without  any  resultant
          goodwill;  1% of the then outstanding  common shares were held by Tidy
          Sum Investment Limited in trust for the Company.

          Risk  Consideration  - As a majority of the Company's  operations  are
          conducted in the PRC, the Company is subject to special considerations
          and significant  risks not typically  associated  with  investments in
          equity  securities of North American and Western  European  companies.
          The  Company's  operations  may be adversely  affected by  significant
          political,  economic and social uncertainties in the PRC. Although the
          PRC government has been pursuing economic reform policies for the past
          several years,  no assurance can be given that the PRC government will
          continue to pursue  such  policies  or that such  policies  may not be
          significantly  altered,  especially  in  the  event  of  a  change  in
          leadership, social or political disruption or unforeseen circumstances
          affecting the PRC's political, economic and social life. There is also
          no guarantee  that the PRC  government's  pursuit of economic  reforms
          will be consistent or effective.

                                       8
<PAGE>


                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

NOTE 2 -  ORGANIZATION AND BUSINESS (CONTINUED)

          The Company  expects that  substantially  all of its revenues  will be
          denominated in Renminbi ("RMB").  A portion of such revenues will need
          to be  converted  into  other  currencies  to  meet  foreign  currency
          obligations  such as  payment  of any  dividends  declared.  Both  the
          conversion  of RMB  into  foreign  currencies  and the  remittance  of
          foreign  currencies  abroad  require  PRC  government   approval.   No
          assurance  can be given  that the  operating  subsidiaries  within the
          Company  will  continue  to be able to convert  sufficient  amounts of
          foreign currencies in the PRC's foreign exchange markets in the future
          for payment of dividends.


NOTE 3 -  TRANSLATION OF FOREIGN CURRENCIES

          Monetary items  denominated in foreign  currencies are translated into
          Hong Kong  Dollars at the rate of  exchange  in effect at the  balance
          sheet date.  Non-monetary  items denominated in foreign currencies are
          translated into Hong Kong Dollars at the approximate  rate of exchange
          in effect at the  translation  date. Any revenue or expense  resulting
          from a transaction  made in a foreign currency is translated into Hong
          Kong Dollars at the approximate rate of exchange in effect on the date
          of the  transaction.  Foreign  exchange gains or losses resulting from
          the translation or settlement of a monetary item in a foreign currency
          are included as a separate component of shareholders' equity.

          Translation  of amounts from HK$ into US$ for the  convenience  of the
          reader has been made at the Exchange Rate on June 30, 2002 and 2001 of
          US $1.00 = HK $7.8.  No  representation  is made that the HK$  amounts
          could have been, or could be,  converted into United States dollars at
          that rate on June 30, 2002 and 2001, or at any other date.


NOTE 4 - LOSS PER COMMON SHARE - BASIC

          Loss per common share - basic  ("EPS") is computed by dividing  income
          available to common  stockholders  by the  weighted-average  number of
          common shares  outstanding for the period.  Diluted earnings per share
          reflects the  potential  dilution  that could occur if  securities  or
          other contracts to issue common stock were exercised or converted into
          common  stock.  As of June 30, 2002,  the diluted  share base excludes
          incremental shares relating to convertible preferred stock since their
          effect was anti-dilutive. The weighted-average number of common shares
          outstanding for computing EPS was 98,468,000.


                                       9
<PAGE>


                  ALPHA SKY INVESTMENT LIMITED AND SUBSIDIARIES
                          (A Development Stage Company)
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

NOTE 5 -  GOING CONCERN

          The accompanying  consolidated financial statements have been prepared
          in conformity with generally  accepted  accounting  principles,  which
          contemplates  continuation of the Company as a going concern. However,
          the Company has sustained substantial operating losses in recent years
          and, additionally, the Company has used substantial amounts of working
          capital  in  its  operations.  Further,  at  June  30,  2002,  current
          liabilities exceed current assets by $1,690,994, and total liabilities
          exceed total assets by $1,648,125.

          In view of these matters, realization of a major portion of the assets
          in the  accompanying  consolidated  balance  sheet is  dependent  upon
          continued  operations of the Company,  which in turn is dependent upon
          the  Company's  ability to meet its  financing  requirements,  and the
          success of its future operations.

          Management  believes  that it has the  ability  to  improve  its  cash
          position through financing  activities,  including possible private or
          public  offerings of stock.  However,  the  uncertainty of a sustained
          financing  and cash  management  program  and  continued  losses  from
          operations raise substantial doubt about the ability of the Company to
          continue as a going concern.


NOTE 6 -  SHARE EXCHANGE

          Alpha Sky Investment  Limited entered into a Share Exchange  Agreement
          dated  December  10,  2001 to  effectuate  an  exchange of shares with
          Tridon  Enterprises   Incorporated   ("Tridon")  (the   "Registrant").
          Pursuant to the terms of the share exchange agreement, Tridon acquired
          from  Alpha Sky  Investment  Limited  all of its  equity  interest  in
          Accuhigh  Investments  Limited  and Tidy Sum  Investments  Limited  in
          exchange  for  10,000,000   shares  of  convertible   preferred  stock
          convertible  into  900,000,000  shares of common stock of Tridon.  The
          transaction  resulted in Alpha obtaining a majority voting interest in
          Tridon and Tridon was treated as the acquired  entity.  For accounting
          purposes,  the  acquisition  has been  treated  as an  acquisition  of
          Tridon. The historical financial statements prior to December 10, 2001
          are those of Alpha.






                                       10
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS.

     The  following   discussion   should  be  read  in  conjunction   with  our
consolidated  financial  statements and the notes thereto  appearing  therewith.
Certain statements  contained herein that are not related to historical results,
including,  without limitation,  statements  regarding our business strategy and
objectives, future financial position, expectations about pending litigation and
estimated cost savings,  are  forward-looking  statements  within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange Act
of 1934,  as amended  (the  "Securities  Exchange  Act") and  involve  risks and
uncertainties.  Although  we  believes  that  the  assumptions  on  which  these
forward-looking  statements are based are reasonable,  there can be no assurance
that such  assumptions will prove to be accurate and actual results could differ
materially from those discussed in the forward looking statements.  Factors that
could cause or contribute to such differences  include,  but are not limited to,
regulatory policies,  competition from other similar businesses,  and market and
general  policies,  competition  from other similar  businesses,  and market and
general economic factors. All forward-looking  statements contained in this Form
10-QSB are qualified in their entity by this statement.


OVERVIEW

         On  December  10,  2001,  pursuant  to a Share  Exchange  Agreement  we
acquired from Alpha Sky Investment  Limited all of Alpha Sky's equity  interests
in Accuhigh  Investments  Limited, a British Virgin Islands company and Tidy Sum
Investments Limited, a British Virgin Islands company in exchange for 10,000,000
shares of our convertible  preferred stock which shares of convertible preferred
stock are convertible into 900,000,000 shares of our common stock.

         As a result of the  acquisition,  we are now engaged in the business of
developing a Ka and  communication  satellite system that will provide broadband
telecommunications  services to China. For accounting purposes, this acquisition
will be treated as a  recapitalization  of Alpha Spacecom Company Limited,  Inc.
with Alpha Sky Investment Limited as the acquirer.

PLAN OF OPERATIONS

         We are in our development  stage and we have not generated any revenues
since we began our operations.

         Our net earnings,  for the quarter ended June 30, 2002 were negative as
a result of management's  strategy to invest in research and development for the
start-up costs associated with the construction of our  communication  satellite
system and Satellite-Pay-Per-View ("SPPV") platform.

         Our current  strategy is to leverage our  cooperation  with the Chinese
broadcasting  authorities  to  develop  and  implement  the  SPPV  platform.  We
anticipate that the expansion will be funded through  current  working  capital.
However, significant growth will require additional funds in the form of debt or
equity, or a combination thereof. However, there can be no assurance these funds
will be available.

                                       11
<PAGE>


         Our growth strategy also includes strategic  acquisition in addition to
growing its current business. A significant  acquisition will require additional
financing. There can be no assurance that we can obtain such financing.

RESULTS OF OPERATIONS

Six months ended June 30, 2002 compared to six months ended June 30, 2001
-------------------------------------------------------------------------

Revenue

      We are in our  development  stage  and as  such we did  not  generate  any
revenue for the six-month period ended June 30, 2002.

Net Income (Loss)

      Net operating loss increased to ($505,115) for the six-month  period ended
June 30, 2002  compared to ($121,790)  for the  six-month  period ended June 30,
2001.  The  increase in net  operating  loss is due to  additional  research and
development expense incurred in the building out of our satellite network.

Administrative and general expenses

      Administrative  and general  expenses for the six-month  period ended June
30, 2002  increased to ($505,115)  for the six-month  period ended June 30, 2002
compared  to  ($121,790)  for the  six-month  period  ended June 30,  2001.  The
increase  was mainly due to an increase in expenses  related to building  out of
our satellite network.

Three months ended June 30, 2002 compared to three months ended June 30, 2001
-----------------------------------------------------------------------------

Total Revenue

      We are in our  development  stage  and as  such we did  not  generate  any
revenue for the three-month period ended June 30, 2002.

Net Income (Loss)

      Net operating  loss  increased to ($273,615)  for the  three-month  period
ended June 30, 2002 compared to ($58,444) for the three-month  period ended June
30, 2001. The increase in net operating  loss is due to additional  research and
development expense incurred in the building out of our satellite network.

Administrative and general expenses

      Administrative  and general expenses for the three-month period ended June
30, 2002 increased to ($273,615) for the three-month  period ended June 30, 2002
compared to  ($58,444)  for the  three-month  period  ended June 30,  2001.  The
increase  was mainly due to an increase in expenses  related to building  out of
our satellite network.


                                       12
<PAGE>

FINANCIAL CONDITION, LIQUIDITY, CAPITAL RESOURCES

         Net cash used in the  operations of Alpha during the  six-month  period
ended June 30, 2002 was $142,234, which was an increase of $38,220 from the same
period in 2001. However,  due to the increase in project development expenses in
this quarter, increase in expenses payable and accrued expenses were $350,806 in
the  quarters  ended June 30, 2002  compared  to no  increase in the  comparable
period in 2001.  Net cash received from  financing  activities was $139,498 that
was $7,102 more than the same period in 2001.

         We will  continue to rely upon external  financing  sources to meet the
cash requirements of our ongoing operations.  Management is currently seeking to
raise  additional  funding  in the  form of  equity  or debt,  or a  combination
thereof. However, there is no guarantee that we will raise sufficient capital to
execute our business plan. To the extent that we are unable to raise  sufficient
capital,  our  business  plan  will  require  substantial  modification  and our
operations will be curtailed.

         The  report  of our  auditors  for the year  ended  December  31,  2001
contains  an  explanatory  paragraph  as to our  ability to  continue as a going
concern.  We are currently  addressing  our  liquidity  problem by the following
actions:

     o    Implementing plans to further reduce operating costs; and

     o    Continually  seeking investment capital through the public and private
          markets.

There is no guarantee  that any of these  strategies  will enable the company to
meet its obligations for the foreseeable future.


INFLATION AND CHANGING PRICES

         The Company  does not foresee any adverse  effects on its earnings as a
result of inflation or changing prices.


RECENTLY  ISSUED  ACCOUNTING  STANDARDS


In July 2001, The Financial  Accounting  Standards  Board (" FASB" ) issued SFAS
No. 141, Business Combinations,  and SFAS No. 142, Goodwill and Other Intangible
Assets. SFAS No. 141 requires that the purchase method of accounting be used for
all  business   combinations   initiated   after  June  30,  2001.  Use  of  the
pooling-of-interests  method will be  prohibited  after that date.  SFAS No. 142
changes the accounting for goodwill and intangible  assets with indefinite lives
from  an  amortization  method  to  an  impairment-only  approach  and  requires
intangible  assets with finite  lives to be amortized  over their useful  lives.
Thus,  amortization of goodwill and intangible assets with indefinite lives will
cease upon adoption of the statement.  SFAS No. 142 is required to be applied in
fiscal years  beginning  after December 15, 2001.  Upon the adoption of SFAS No.
142,  the Group will not  amortize  goodwill  and instead will conduct an annual
impairment  test of the remaining  goodwill.  The Group does not expect that the
adoption  of SFAS No.  141,  or SFAS No. 142 will have a  significant  immediate
impact on the financial condition or results of operations of the Group.

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<PAGE>


                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings

        None.

Item 2. Changes in Securities and Use of Proceeds.

        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.

Item 6. Exhibits and Reports on Form 8-K

        (a)  Exhibits:

              99.1   Sarbanes Oxley Certification

        (b) Reports on Form 8-K:

              None.

















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<PAGE>






                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the Registrant
has caused this report to be signed on its behalf by the undersigned,  thereunto
duly authorized.


Dated:  August  19, 2002

                                            TRIDON ENTERPRISES, INC.



                                            By: /s/ Terence Sien
                                                ---------------------------
                                            Name:   Terence Sien
                                            Title:  Chief Financial Officer















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