SECURITIES AND 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

                  For the quarterly period ended June 30, 2002

                         Commission file number 01-15109

                                Cala Corporation
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)


                            Oklahoma                   73-1251800
                ------------------------------      ------------------
               (State of other jurisdiction of       (I.R.S. Employer
                 incorporation or organization)    Identification No.)


                                39 New Montgomery
                         San Francisco, California 94105
                      ------------------------------------
                    (Address of principal executive offices)

                                 (415) 495 5436
               --------------------------------------------------
              (Registrant'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 such
filing requirements for the past 90 days. Yes _X_ No___

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the latest practicable date.


          Common Stock                              39,018,000
         Par Value $0.005                     Shares outstanding as of
            per share                            June 30, 2002


           Transitional Small Business Disclosure Format Yes __ No _X_

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<TABLE>
<CAPTION>

                                Cala Corporation
                           Comparative Balance Sheets


                                                            June 30, 2002         June 30, 2001
                                                                         (unaudited)
ASSETS

Current Assets:
<S>                                                         <C>                      <C>
     Cash                                                   $     5,000                    -
     Accounts receivable
     Notes receivable                                            50,000               56,305
     Other current assets                                             -
                                                            -----------           ----------
         Total Current Assets                                    55,000               56,305

Property and Equipment (net)                                    105,000

Other Assets                                                          -                    -
                                                            -----------           ----------
TOTAL ASSETS                                                $   160,000               56,305
                                                            ===========           ==========


                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
     Accounts payable                                       $         -               87,000
     Accrued expenses                                                 -              180,000
     Income taxes payable                                             -                    -
     Loan Payable to Officer                                    402,500                    -
     Other current liabilities                                   29,000                    -
                                                            -----------           ----------
         Total current liabilities                              431,500              267,000
Long-term debt


Stockholders' Equity

     Common stocks                                              249,250              297,196
     Additional paid-in capital                               8,347,194            8,196,744
     Retained Earnings (deficit)                             (9,419,997)          (8,616,105)
         Less:  Treasury stock                                  (51,202)             (51,202)
                                                            -----------           ----------
         Total Stockholders' Equity                            (220,000)            (351,893)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                  $   160,000              $56,305
                                                            ===========           ==========

</TABLE>

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<CAPTION>


                                Cala Corporation
                             Statement of Operations
                For the three months ended June 30, 2002 and 2001
                                    Unaudited

                                                           June 30, 2002           June 30, 2001


<S>                                                           <C>                     <C>
Sales                                                         192,970                    -
Cost of Sales                                                  64,850                    -
                                                              --------

Gross Profit                                                  128,120                    -

Operating Expenses                                             80,600               86,063
                                                              --------           ---------

Net loss before extra-ordinary items                                -

EXTRA-ORDINARY ITEMS
         Gain on sale of restaurant                                 -                    -
         Forgiveness of Debt                                        -                    -
                                                              --------           ---------
Net Loss (after extra-ordinary items)                               -              (86,063)

Net Profit                                                     47,520
                                                              ========           =========

Discontineus operation:
  Income from operations of
  discontinued segments                                             -                    -
Loss on disposal of discontinued
         segment                                                    -                    -
                                                              --------           ---------
Net Profit                                                    $47,520
                                                              ========           =========

Profit per share                                              $   0.1

Loss per share                                                      -            $   (0.00)
                                                              ========           =========

Weighted average shares outstanding                        39,018.000           49,350,000

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<CAPTION>


                                Cala Corporation
                             Statement of Cash Flows
                For the three months ended June 30, 2002 and 2001
                                    Unaudited

                                                             June 30, 2002              June 30, 2001

(unaudited)

Cash flows from operating activities
<S>                                                              <C>                             <C>
     Net Profit                                                  $47,520                           -
     Net Loss                                                          -                    $(86,063)
Adjustments to reconcile
     net income to net cash
  Provided by operating activities:
        Depreciation and amortization                                  -
Changes in assets and liabilities
   (Increase) decrease in:
        Notes receivable                                          50,000                      25,695
    Increase (decrease) in:
        Notes Payable                                            (29,000)                   (153,633)
        Loan Payable related party                               402,500                           -
       Accrued Expenses                                                                       69,375
                                                             -----------                ------------
         Net cash used by operating activities                   471,020                    (144,626)
                                                             -----------                ------------
Cash flows from investing activities
      Acquisition of other investments                                 -                     878,952
                                                             -----------                ------------
         Net cash used by investing activities                         -                     878,952
                                                             -----------                ------------

Cash flows from financing activities
     Principal payments on long term debt                        431,000                    (108,499)
     Issuance of stocks                                                -                      53,684
     Paid in capital                                                   -                    (790,289)
                                                             -----------                ------------
         Net cash provided by financing activities               431,000                    (735,474)
                                                             -----------                ------------

Net decrease/increase in cash and cash equivalents                40,020                      (1,148)

Cash and cash equivalents at beginning of period                  45,020                       1,148
                                                             -----------                ------------

Cash and cash equivalents at end of period                   $     5,000                $          -
                                                             ===========                ============

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CALA CORPORATION
NOTES TO FINANCIAL STATEMENTS


Item 1.  Business:

In the opinion of the Company, the accompanying unaudited financial statements
contain the adjustments (consisting of normal recurring accruals) necessary to
present the financial position as of June 30, 2002 and the results of operations
and statements of cash flows for the three months ended June 30, 2002 and it is
not necessarily indicative of the results to be expected for the full year.

A. Presentation of Prior Year Information:

   As of December 31, 2001, the Company owned and operated no businesses.

   For further discussions see form 10-KSB for December 31, 2001.

B. Accounting Policies:

During interim periods the Company follows the accounting policies set forth in
its consolidated financial statements included in its annual report on Form
10-KSB. Reference should be made to such financial statements for information on
such accounting policies and further financial details.

Item 2.  Management's Discussion and Analysis of Plan of Operations:

A. Operations:

           The company has acquired House of Shields, a San Francisco Landmark
destination since 1906, which is feature in the www.houseofshields.com

Revenues for the first six months ending June 30, 2002 were US$192,970. However
the company revenue for the same period in 2001 was zero or (US$0.0) The
increase in sales reflects the opening of House of Shields operation in San
Francisco late February 2002. In addition the company quartely gross profits
were $47,520 for the quarter while last year the company losses were US$48,735
for the same quarter. The change was attributed to the company's focusing on the
hospitality industry.

Item 3.  Legal Proceedings

         The company has settle both lawsuit and additionally the company lawyer
successfully received a junction from the State Court of Oklahoma against
Querino Caparrelli, Gisella Mancini, IMOIL S.r.l. of Itri, Italy and Merrill
Lynch Brokerage who acted has their advisors during the merger. The company was
seeking a) the cancellation of the 10 million shares which a junction was
granted on May 2002 by the State Court of Oklahoma on behalf the company and its
shareholders and b) the damages for the losses incurred by the company and its
shareholders which our corporate lawyer is seeking against the above parties.

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

          The were no matters submitted to a vote of a security holders in this
quarter.

Item 5.  Market for Registrants Common Stock and Related Stockholder Matters:

<PAGE>


          As of June 30, 2002 the company has reduced the number of the
outstanding shares by 10,083,333 due to both the Court junction against Querino
          Caparrelli, Gisella Mancini and the on going buy back company stocks
from the float.

Item 6.  Management's Discussion and Analysis of Operations:

          During the year 2001, they was no company activities due to the
Mancini & IMOIL S.r.l. merger.

Item 7.  Financial Statements:
           The financial statements and schedules are not included herewith.

Item 8.  Directors and Executive Officers of the Registrant:

     The  directors  and  officers of Cala  Corporation  as of June 30, 2002 are
identified below. No family  relationships  exist between or among any directors
or officers of Cala Corporation.

         Name               Age        Position           Since

         Joseph Cala        40        CEO/Director        1999

         Steven KO          50          Director          1999

     Joseph Cala, 40, is Chairman of the Board, and CEO of Cala Corporation. Mr.
Cala has been an International business owner most of his professional life.

     Steven  KO, 50,  formely  served as  Executive  Vice  President  at Bank of
America and is currently the CFO for a large trust investment company.


Item 9. Executive Compensation:

     Joseph Cala's salary is US$150,000  which the majority of the  compensation
is paid in common  stocks.  However,  starting this third quarter  Joseph Cala's
salary will be US$80,000 which the majority of the compensation  will be paid in
common stocks.
     Steven KO compensation is 24,000 shares of common stock for his services


Part II  Other Information

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
         --------------------------------

The following exhibits are included herein:

(27)     Exhibit 27
(a)      The Company did not file any reports on Form 8-k during the quarter.

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Signatures

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


                                             CALA CORPORATION



Date: August 22, 2002                      By:   /s/  Joseph Cala
                                           -----------------------------
                                           Joseph Cala, Chairman and CEO