SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB

(Mark One)

[x]	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the quarterly period ended March 31, 2002

[ ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from		to

Commission file no. 0-15303

ABBS, CORP.

(Name of Small Business Issuer in its Charter)

Delaware						73-1215433

(State or Other Jurisdiction of					(I.R.S. Employer

Incorporation)							Identification No.)

315 Greenwich Avenue, Greenwich, CT			06830

(Address of Principal Executive Offices)			(Zip Code)

(203) 422-0448

(Issuer's Telephone Number, Including Area Code)

Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange
Act during the past 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 [ ]

State the number of shares outstanding of each of the issuer's classes of common equity as of the latest
practical date: As of April 9, the Issuer had 3,825,277 shares of common stock outstanding, $0.01 par
value.

ABSS, CORP.

Form 10-QSB

Quarterly Report

For The Period Ended March 31, 2002

INDEX

Page

Part     I  -  FINANCIAL INFORMATION

Item     1.     Financial Statements								3

Unaudited Consolidated Condensed Balance Sheet

at March 31, 2002 of ABSS, Corp.

and Subsidiaries 										4

Unaudited Consolidated Condensed Statements of Operations

for the Three Months Ended March 31, 2002 and March 31, 2001

for ABSS, Corp. and Subsidiaries.								6

Unaudited Consolidated Condensed Statements of Cash Flows for the

Three months ended March 31, 2002 and March,31 2001 for

ABSS, Corp. and Subsidiaries									7

Notes to unaudited Consolidated Interim Condensed Financial Statements			8

Item 2.  Managements Discussion and Analysis of Financial

Condition and Results of Operations							9

Part 	II  -  OTHER INFORMATION



Item	1.  Legal Proceedings									9

Item	2.  Changes in Securities								10

Item	3.  Defaults Upon Senior Securities							10

Item	4.  Submission of Matters to a Vote of Security Holders					10

Item	5.  Other Information									10

Item	6.  Exhibits and Reports on Form 8-K							10

Signatures											10



PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

BASIS OF PRESENTATION

The accompanying unaudited financial statements are presented in accordance with generally accepted
accounting principles in America for interim financial information and the instructions for Form 10-QSB
and Item 310 under subpart A of Regulation S-B. Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles in America for complete financial
statements. The accompanying statements should be read in conjunction with the audited financial
statements for the years ended December 31, 2001 and December 31, 2000. In the opinion of
management, all adjustments (consisting only of normal occurring accruals) considered necessary in
order to make the financial statements not misleading have been included. Operating results for the
quarter ended March 31, 2002 are not necessarily indicative of results that may be expected for the year
ended December 31, 2002. The financial statements are presented on the accrual basis.

****As used herein, the term "Company" refers to ABSS, Corp, f.k.a. Unico, Inc., a Delaware corporation,
and its subsidiaries and predecessors unless otherwise indicated.  Unaudited, consolidated condensed
interim financial statements including a balance sheet for the Company as of the quarter ended March 31,
2002 and statements of operations, and statements of cash flows for the interim period up to the date of
such balance sheet and the comparable period of the preceding year are attached hereto as Pages 4
through 8 and are incorporated herein by this reference.

**ABSS, CORP. AND SUBSIDIARIES**

**f.k.a. UNICO, INC.**

**UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS**

**AS OF MARCH 31,**

|                                    |                       | **2002**
|----------------------------------- | --------------------- | --------
|**ASSETS**                         
|                                    |                       |         
|**CURRENT ASSETS**                  |                      
|Cash and cash equivalents           | $               3,341
|Total current assets                | 3,341                
|                                    |                      
|**PROPERTY AND EQUIPMENT, AT COST** |                      
|Net property and equipment          | 17,127               
|Net Property and equipment          | 17,127               
|                                    |                      
|**TOTAL ASSETS**                    | $             20,468 

**ABSS, CORP. AND SUBSIDIARIES**

**f.k.a. UNICO, INC.**

**UNAUDITED CONSOLIDATED BALANCE SHEETS**

**AS OF MARCH 31,**

|                                                                                                                          |                        | **********2002**
|------------------------------------------------------------------------------------------------------------------------- | ---------------------- | ----------------
|**LIABILITIES AND STOCKHOLDERS' EQUITY**                                                                                 
|****                                                                                                                      |                        |                 
|**********CURRENT LIABILITIES**                                                                                           | ****                  
|**Accounts payable**                                                                                                      | **$          447,937**
|**Other current liabilities**                                                                                             | **5,165**             
|****                                                                                                                      |                       
|******Total current liabilities**                                                                                         | **453,102**           
|**LONG-TERM LIABILITIES**                                                                                                 | ****                  
|**Due to shareholder**                                                                                                    | **137,868**           
|**Accrual for litigation and judgments**                                                                                  | **1,200,000**         
|**Total long-term liabilities**                                                                                           | **1,337,868**         
|**Total liabilities**                                                                                                     | **1,790,970**         
|**COMMITMENTS AND CONTINGENCIES**                                                                                         | **-**                 
|**STOCKHOLDERS' EQUITY**                                                                                                  | ****                  
|**Preferred stock, Series A, C & Redeemable**

**All recalled and retired**                                               | **-**                 
|**Common stock**                                                                                                          | ****                  
|**$.01 par value, 20,000,000 shares authorized,
3,825,277            shares issued and outstanding as of
March 31, 2002** | ****
38,253           
|**Additional paid-in-capital**                                                                                            | **8,083,859**         
|**Retained earnings (deficit)**                                                                                           | **(9,892,614)**       
|**Total stockholders' equity**                                                                                            | **(1,770,502)**       
|****TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY****                                                                        | $           20,468    

ABSS, CORP. AND SUBSIDIARIES

f.k.a. UNICO, INC.

UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31,

|                                                 |                      | **2002**             | **2001**
|------------------------------------------------ | -------------------- | -------------------- | --------
|                                                 |                      |                     
|**REVENUE**                                      |                      |                     
|Advertising income                               | $          -         | $          442,547  
|Other income                                     | -                    | 25,955              
|Gross income                                     | -                    | 468,502             
|**COST OF PRODUCTION**                           | -                    | 143,547             
|Gross profit                                     | -                    | 324,955             
|****EXPENSES                                     |                      |                     
|Postage                                          | -                    | 129,740             
|Selling, general and administrative expenses     | 17,733               | 238,864             
|Depreciation and equipment                       | -                    | 14,532              
|Amortization of goodwill                         | -                    | 16,333              
|Total expenses from operations                   | 17,733               | 399,469             
|**INCOME (LOSS) FROM OPERATIONS**                | (17,733)             | (74,514)            
|                                                 |                      |                     
|**PROVISION FOR INCOME TAXES**                   | -                    | -                   
|**NET INCOME (LOSS)**                            | $           (17,733) | $           (74,514)
|****                                             |                      |                     
|**BASIC AND DILUTIVE EARNINGS (LOSS) PER SHARE**
|**NET EARNINGS (LOSS) PER SHARE**                | $             (0.00) | $             (0.01)
|                                                 |                      |                     
|Weighted Average Common Shares                   |                      |                     
|Basic and dilutive common shares                 | 3,825,277            | 1,250,550           

******ABSS, CORP. INC. AND SUBSIDIARIES**

**f.k.a. UNICO, INC.**

**UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS**

**FOR THE THREE MONTHS ENDED MARCH 31,**

|                                                                                                          |                       | **2002**             | **2001**
|--------------------------------------------------------------------------------------------------------- | --------------------- | -------------------- | --------
|**CASH FLOWS FROM OPERATING ACTIVITIES**                                                                  |                       |                     
|Net income (loss)                                                                                         | $          (17,733)   | $         (74,514)  
|Adjustments to reconcile net income (loss) to net           cash
provided (used) by operating activities: |                       |                     
|Depreciation and amortization                                                                             | -                     | 30,865              
|Changes in assets and liabilities:                                                                        |                       |                     
|(Increase) decrease in accounts receivable-trade, net                                                     | -                     | 37,566              
|(Increase) decrease in other assets                                                                       | -                     | (15,198)            
|Increase (decrease) in accounts payable                                                                   | (3,000)               | 24,792              
|Increase (decrease) in other current liabilities                                                          | -                     | (21,331)            
|Net cash provided (used) by operating activities                                                          | (20,733)              | (17,820)            
|**CASH FLOWS FROM INVESTING ACTIVITIES**                                                                  |                       |                     
|Purchase of equipment                                                                                     | -                     | -                   
|                                                                                                          |                       |                     
|Net cash provided (used) by investing activities                                                          | -                     | -                   
|**CASH FLOWS FROM FINANCING ACTIVITIES**                                                                  |                       |                     
|Equipment lease refinance                                                                                 | -                     | 21,236              
|                                                                                                          |                       |                     
|Net cash provided (used) by financing activities                                                          | -                     | 21,236              
|**(DECREASE) IN CASH AND CASH EQUIVALENTS**                                                               | (20,733)              | 3,416               
|**CASH AND CASH** **EQUIVALENTS,** **BEGINNING OF YEAR**                                                  | 24,074                | 128                 
|**CASH AND CASH EQUIVALENTS, END OF YEAR**                                                                | $               3,341 | $              3,544
|**SUPPLEMENTAL CASH FLOWS DISCLOSURE:**                                                                   |                       |                     
|Cash paid for interest                                                                                    | $                  -  | $                -  
|**NON CASH ITEMS:**                                                                                       |                       |                     
|None                                                                                                      | -                     | -                   

**ABSS, CORP. AND SUBSIDIARIES**

**f.k.a. UNICO, INC.**

**NOTES TO UNAUDITED CONSOLIDATED INTERIM**

**CONDENSED FINANCIAL STATEMENTS**

**FOR THE PERIOD ENDED MARCH 31, 2002**

**NOTE 1 - BASIS OF PRESENTATION**

The interim financial statements at March 31, 2002 and for the three month periods ended
March 31, 2002 and 2001 are unaudited, but include all adjustments which the Company
considers necessary for a fair presentation.

The accompanying unaudited financial statements are for the interim periods and do not
include all disclosures normally provided in annual financial statements, and should be
read in conjunction with the Company's Form 10-KSB for the year ended December 31,
2001.  The accompanying unaudited interim financial statements for the three month
periods ended March 31, 2002 and 2001, are not necessarily indicative of the results
which can be expected for the entire year.

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

**NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*Principles of Consolidation*

The accompanying consolidated financial statements include the accounts of its wholly
owned subsidiaries.  All intercompany balances and transactions have been eliminated.

**NOTE 3 -SUBSEQUENT EVENT**

On April 25, 2002 the Company name changed to ABSS, Corp.  The new name has been
recognized retroactively to reflect in the unaudited financial statement.  Also on April 25,
2002 the Company effected a 30 for 1 stock split reversal, which is not reflected in these
unaudited financial statements.

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

In August, 2001, the Company ceased its newspaper operations and in December of 2001 the Company
closed TheLocalTimes.com to change its business and to become a fashion holding company.  On
October 3, 2001, the Company incorporated Money Bucket, Inc., a Nevada corporation to become the
Company's operational unit of its fashion business.  On December 17, 2001, ABSS entered into a
licensing and marketing agreement to produce and marketing Aleksander Blå,a line of women's clothing
and to produce and develop a fashion related Internet portal, Fashion Expo.

During the first three months of 2002, the Company has produced a portion of its collections Aleksander
Blå, "Trend" and Aleksander Blå, "Silhouettes of Sweden".  The Company had no revenue during the
first quarter of 2002.  The Company's operations are currently being financed through a shareholder, who
plans to continue to do so until additional financing is being available either through internal operations
or external sources.  In addition, the Company plans to use its shares in lieu of monetary payments to
various employees, consultants, and advisors.

PART II - OTHER INFORMATION

Item 2.	Legal Proceedings

The Company has been sued in connection with its acquisition of Silver Valley Energy (SVE).  In
addition, in October 2000 the Company received a default judgment in the amount of $960,000.  The
Company is attempting to negotiate a non-monetary settlement.

The Company has been sued by the former Chief Executive Officer of BidInvite, Inc.  The lawsuit is
filed in the Superior Court of the State of Delaware, Sussex County, entitled "David Venables v Unico,
Inc. and BidInvite.com, Inc., Case No OOC-11-015 THG."  The case is a claim for unpaid wages and
breach of contract.  On December 12, 2000 Venables obtained a judgment by default (for failure to
respond to the Complaint) against Unico,Inc. and BidInvite.   The amount of the judgment is $1,360,000.
Management believes that the suit is without substance and is attempting to have the default judgment
vacated.  Legal counsel indicates it is difficult to estimate the chances of vacating the judgment.

NexGen has alleged that the Company is in default with respect to its $200,000 note payable issued in
connection with its acquisition of  The Independent News.  At December 31, 2000 $156,000 remains
unpaid.  At December 31, 2001 the $156,000 remaining unpaid is written off to $ -0-  as management
believes that certain financial misrepresentations were made in connection with its acquisition of The
Independent News.  Nothing has been heard from NexGen lately.  Legal Counsel indicates it does not
appear likely that NexGen will be taking any affirmative action.

The Company is also named in a lawsuit against Independent News (now defunct) for bills due and
owing apparently for the printing of the prior Independent News.  Legal counsel indicates that
Independent News, now defunct, would not pay it and that it would be difficult, if not impossible, for the
plaintiff to show liability on behalf of the Company (Unico) as a separate operating corporate entity to be
responsible for the bills and obligations of the Independent News.

Management estimates that the costs to settle these judgments and lawsuits for the Company should not
exceed an aggregate of $1,200,000.  Accordingly, the accrual for litigation and judgments is recognized
in the financial statements at $1,2000,000.

Item 2.	Change of Securities

No changes in securities have occurred since the Company's last report as of December 31, 2002.

Item 3.	Defaults Upon Senior Securities.

No changes in securities have occurred since the Company's last report as of December 31, 2002.

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.

Signatures

Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed in its behalf by the undersigned , thereunto duly
authorized, on May 21, 2002.

ABSS, Corp.

Registrant

/s/ Benny Blom

------------------------------

Benny Blom

Director and CEO