---

















Registrant's telephone number including area code                          	          (801) 256-9600



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 such shorter period
that the registrant was required to file such reports)



and (2) has been subject to such filing requirements for the past 90 days.



---

**ITEM 1 - FINANCIAL STATEMENTS**

The condensed financial statements included herein have been prepared by the Company,
without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.
Certain information and footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or omitted pursuant
to such rules and regulations, although the Company believes that the disclosures are adequate to
make the information presented not misleading.

In the opinion of the Company, all adjustments, consisting of only normal recurring
adjustments, necessary to present fairly the financial position of the Company as of June 30, 2001
and the results of its operations and changes in its financial position from June 30, 2000 through June
30, 2001 have been made.  The results of its operations for such interim period is not necessarily
indicative of the results to be expected for the entire year.

---

**EMI, Inc.**Balance Sheet

ASSETS

June 30,                    
March 31,	                                                                                             
20012000                                                                                            
(unaudited)

TOTAL ASSETS                                                                 
$	-                               
$	-



Accounts payable                                                                   
9,8129,812

TOTAL  LIABILITIES                                                           
9,812                            
9,812

STOCKHOLDERS' EQUITY

Common Stock 100,000,000 shares
authorized at $.001 par value;
25,315,223 shares issued and outstanding                             
25,315                           
25,315
Capital in Excess of Par Value                                          
1,635,573                      
1,635,573
Accumulated Deficit                                                        
(1,670,700)                  
(1,670,700)

Total Stockholders' Equity                                                       
(9,812)
(9,812)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    $	-                                
$	-

---

**EMI, Inc.**Statements of Operations
(unaudited)

For the Three                        
For the Three
                                                                                          
Months Ended                      
Months Ended
                                                                                           
June 30,                               
June 30,	                                                                                           
2001                                     
2000

REVENUE                                                                          
$	-                                          
$	-

EXPENSES                                                                            
--

NET INCOME (LOSS) - Before Taxes                                 
$	-                                        
$ -

Taxes                                                                                         
--

INCOME (LOSS)                                                                 
$	-                                       
$	-

Loss Per Common Share                                                         
$	-                                     
$	-



---

**EMI, Inc.**Statements of Cash Flows
(unaudited)

Net Income (Loss)                                                                 
$	-$	-                                                                                                 
-                                      
-

-                                     
-

CASH FLOWS FROM
FINANCING ACTIVITIES                                                       
--                                                                                                    
-                                 
-

INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS                                                    
-                                   
-

CASH AND CASH EQUIVALENTS
AT END OF PERIOD                                                              
$
-                                 
$	-

Interest                                                                                       
$	-                                
$	-

Income Taxes (Including
Penalties & Interest)                                                                    
$	-                                
$	-

---



**EMI, Inc.**Notes to the Financial Statements
June 30, 2001

NOTE 1 - INTERIM FINANCIAL STATEMENTS

****	     The financial statements for the three months ended June 30, 2001 were prepared from the
books and records of the Company.  Management believes that all adjustments have been made
to the financial statements to make a fair presentation of the financial condition of the Company
as of June 30, 2001.  The results of the three months are not indicative of a full year of operation
for the Company.

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

Results of Operation.  Due to the lack of operations during the quarter ended June 30, 2001, the registrant
had net income of only $0 compared to $0 in the same period last year.

Plan of Operations.  The Company is currently in the process of looking for business opportunities to
acquire or merge with.  There is no guarantee that management will be successful in finding such an
opportunity.  The Company is also in the process of bringing all of its periodic reports current for filing with
the Securities and Exchange Commission. During this process, the Company intends to raise operational
capital through private placements.

---



**OTHER INFORMATION**

Item 2.	Changes in Securities.                                                                               
None

Item 3.	Defaults Upon Senior Securities.                                                               
None

Item 4.	Submission of Matters to a Vote of Security Holders.                                 
None

Item 5.	Other Information.                                                                                      
None

Item 6.	Exhibits and Reports on Form 8-K.                                                             
None

---



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 authorized officer.

Dated July 6, 2001

EMI, Inc.

/s/ James Anderson

---