**U.S. 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 March 31, 2002

[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934              For the transition period from     to

Commission File Number **000-25809**

**SICLONE INDUSTRIES, INC.**

(Exact name of small business issuer as specified in its charter)

|**Nevada**

(State or other jurisdiction of incorporation or organization) | **87-0429748**

(IRS Employer Identification No.)
|-------------------------------------------------------------------------- | -------------------------------------------------

**6269 Jamestown Court, Salt Lake City,  Utah  84121**

(Address of principal executive offices)

**801-566-6627**

(Issuer's telephone number)

Not Applicable

(Former name, address and fiscal year, if changed since last report)

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the
preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes [ X] No [  ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING
FIVE YEARS:

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the
Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. Yes [  ]  No  [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common equity, as of March 31, 2002: 23,810,000
shares of common stock.

Transitional Small Business Format:  Yes [   ]  No [ X ]

**FORM 10-QSB**

**SICLONE INDUSTRIES, INC.**

**INDEX**

|**PART I.** | **Financial Information**                                                                                                                                             | **Page**
|----------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------
|            | Item I.  Financial Statements
(unaudited)                                                                                                                             | 3       
|            | Balance Sheets - March 31, 2002 and
December 31, 2001 (unaudited)                                                                                                     | 4       
|            | Statements of Operations (unaudited)
for the Three Months Ended March 31,
2002 and 2001, and for the Period from
November 1, 1985 (Inception) through
March 31, 2002  | 5       
|            | Statement of Stockholders Equity
(Deficit)                                                                                                                            | 6       
|            | Statements of Cash Flows (unaudited)
for the Three Months Ended March 31,
2002 and 2001, and from the Period
from November 1, 1985 (Inception)
through March 31, 2002 | 10      
|            | Notes to Consolidated Financial
Statements                                                                                                                            | 11      
|            | Item 2.  Management's Discussion and
Analysis of Financial Condition                                                                                                  | 12      

|**PART II.** | **Other Information**                     |   
|------------ | ----------------------------------------- | --
|             | Item 6.  Exhibits and Reports on Form
8-K | 13

| | Signatures | 13
| | ---------- | --

(Inapplicable items have been omitted)

**PART I.**

**Financial Information**

Item 1.  Financial Statements (unaudited)

In the opinion of management, the accompanying unaudited financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of operations for
the periods presented.  The results of operations for the periods presented are not necessarily indicative of the results to be
expected for the full year.

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Balance Sheets**

|                                                                                                          | **March 31,** | **December 31,**
|--------------------------------------------------------------------------------------------------------- | ------------- | ----------------
|                                                                                                          | **2002**      | **2001**        
|**ASSETS**                                                                                                | (Unaudited)   |                 
|CURRENT ASSETS                                                                                            |               |                 
|Cash                                                                                                      | $ 347         | $ 347           
|                                                                                                          | __________    | __________      
|Total Current Assets                                                                                      | 347           | 347             
|                                                                                                          | __________    | __________      
|TOTAL  ASSETS                                                                                             | $ 347         | $ 347           
|                                                                                                          | =========     | =========       
|**LIABILITIES AND
STOCKHOLDERS' EQUITY
(DEFICIT)**                                                        |               |                 
|CURRENT LIABILITIES                                                                                       |               |                 
|Accounts payable                                                                                          | $ 2,145       | $ 147           
|Accounts payable - related party                                                                          | 15,712        | 15,712          
|                                                                                                          | __________    | __________      
|Total Current Liabilities                                                                                 | 17,857        | 15,859          
|STOCKHOLDERS' EQUITY
(DEFICIT)                                                                            |               |                 
|Preferred stock: 5,000,000 shares
authorized at $0.001 par value; -0-
shares issued and outstanding       | -             | -               
|Common stock: 30,000,000 shares
authorized at  $0.001 par value;
23,810,000 shares issued and
outstanding | 23,810        | 23,810          
|Additional paid-in capital                                                                                | 583,693       | 583,693         
|Deficit accumulated during the
development stage                                                          | (625,013 )    | (623,015 )      
|                                                                                                          | __________    | __________      
|Total Stockholders' Equity (Deficit)                                                                      | (17,510 )     | (15,512 )       
|                                                                                                          | __________    | __________      
|TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY
(DEFICIT)                                                      | $ 347         | $ 347           
|                                                                                                          | =========     | =========       

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Statements of Operations**

(Unaudited)



|                                  | **For the Three Months
Ended March 31,** | **For the Three Months
Ended March 31,** | **From Inception on
November 1, 1985 through
March 31,**
|--------------------------------- | ---------------------------------------- | ---------------------------------------- | --------------------------------------------------------
|                                  | **2002**                                 | **2001**                                 | **2002**                                                
|REVENUES                          | $ -                                      | $ -                                      | $ -                                                     
|EXPENSES                          | (1,998)                                  | (1,665)                                  | (29,510)                                                
|LOSS FROM
DISCONTINUED
OPERATIONS | -                                        | -                                        | (595,503)                                               
|                                  | __________                               | __________                               | __________                                              
|NET LOSS                          | $ (1,998)                                | $ (1,665)                                | $ (625,013)                                             
|                                  | =========                                | =========                                | =========                                               
|BASIC LOSS PER SHARE              | $ (0.00 )                                | $ (0.00 )                                |                                                         
|                                  | =========                                | =========                                | =========                                               

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Statements of Stockholders' Equity (Deficit)**



|                                                                                                                     | **Common Stock** |            | **Additional Paid-in
Capital** | **Deficit Accumulated
During the
Development Stage**
|-------------------------------------------------------------------------------------------------------------------- | ---------------- | ---------- | ------------------------------ | ----------------------------------------------------
|                                                                                                                     | **Shares**       | **Amount** |                                |                                                     
|Balance, November 1,
1985                                                                                            | -                | $ -        | $ -                            | $ -                                                 
|Issuance of 500,000
shares of common
stock to Officers and
Directors for cash on
November 1, 1985 at
$0.02 per share | 500,000          | 500        | 9,500                          | -                                                   
|Cancellation of
140,000 shares on
February 7, 1986                                                                   | (140,000)        | (140)      | 140                            | -                                                   
|Cancellation of
300,000 shares on
October 1, 1986                                                                    | (300,000)        | (300)      | 300                            | -                                                   
|Issuance of 1,000,000
shares of common
stock to the public
offered March 26, 1986
at $0.10 per share                 | 1,000,000        | 1,000      | 99,000                         | -                                                   
|Deferred offering costs
offset against
additional paid-in
capital                                                    | -                | -          | (18,678)                       | -                                                   
|Issuance of 10,700,000
shares of common
stock October 10, 1986
at $0.05 per share                                    | 10,700,000       | 10,700     | 483,251                        | -                                                   
|Issuance of 50,000
shares for promotional
services at $0.001 per
share                                               | 50,000           | 50         | -                              | -                                                   
|Accumulated losses
from formation on
November 1, 1985
through December 31,
1987                                      | -                | -          | -                              | (502,196)                                           
|                                                                                                                     | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1987                                                                                           | 11,810,000       | $ 11,810   | $ 573,513                      | $ (502,196)                                         

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Statements of Stockholders' Equity (Deficit)**(Continued)



|                                               | **Common Stock** |            | **Additional Paid-in
Capital** | **Deficit Accumulated
During the
Development Stage**
|---------------------------------------------- | ---------------- | ---------- | ------------------------------ | ----------------------------------------------------
|                                               | **Shares**       | **Amount** |                                |                                                     
|Balance, December 31,
1987                     | 11,810,000       | $ 11,810   | $ 573,513                      | $ (502,196)                                         
|Net loss for the year
ended December 31,
1988  | -                | -          | -                              | (92,783)                                            
|                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1988                     | 11,810,000       | 11,810     | 573,513                        | (594,979)                                           
|Cash contributed to
additional paid-in
capital | -                | -          | 10,180                         | -                                                   
|Net loss for the year
ended December 31,
1989  | -                | -          | -                              | (524)                                               
|                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1989                     | 11,810,000       | 11,810     | 583,693                        | (595,503)                                           
|Net loss for the year
ended December 31,
1990  | -                | -          | -                              | -                                                   
|                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1990                     | 11,810,000       | 11,810     | 583,693                        | (595,503)                                           
|Net loss for the year
ended December 31,
1991  | -                | -          | -                              | (758)                                               
|                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1991                     | 11,810,000       | $ 11,810   | $ 583,693                      | $ (596,261)                                         

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Statements of Stockholders' Equity (Deficit)** (Continued)



|                                                                                                  | **Common Stock** |            | **Additional Paid-in
Capital** | **Deficit Accumulated
During the
Development Stage**
|------------------------------------------------------------------------------------------------- | ---------------- | ---------- | ------------------------------ | ----------------------------------------------------
|                                                                                                  | **Shares**       | **Amount** |                                |                                                     
|Balance, December 31,
1991                                                                        | 11,810,000       | $ 11,810   | $ 583,693                      | $ (596,261)                                         
|Net loss for the year
ended December 31,
1992                                                     | -                | -          | -                              | (651)                                               
|                                                                                                  | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1992                                                                        | 11,810,000       | 11,810     | 583,693                        | (596,912)                                           
|Issuance of 1,000,000
shares of common
stock to officer for cash
June 7, 1993 at $0.001
per share | 1,000,000        | 1,000      | -                              | -                                                   
|Net loss for the year
ended December 31,
1993                                                     | -                | -          | -                              | (2,513)                                             
|                                                                                                  | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1993                                                                        | 12,810,000       | 12,810     | 583,693                        | (599,425)                                           
|Net loss for the year
ended December 31,
1994                                                     | -                | -          | -                              | -                                                   
|                                                                                                  | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1994                                                                        | 12,810,000       | 12,810     | 583,693                        | (599,425)                                           
|Issuance of 11,000,000
shares of common
stock to officer for cash
at $0.001 per share             | 11,000,000       | 11,000     | -                              | -                                                   
|Net loss for the year
ended December 31,
1995                                                     | -                | -          | -                              | (438)                                               
|                                                                                                  | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1995                                                                        | 23,810,000       | $ 23,810   | $ 583,693                      | $ (599,863)                                         

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Statements of Stockholders' Equity (Deficit)**(Continued)



|                                                               | **Common Stock** |            | **Additional Paid-in
Capital** | **Deficit Accumulated
During the
Development Stage**
|-------------------------------------------------------------- | ---------------- | ---------- | ------------------------------ | ----------------------------------------------------
|                                                               | **Shares**       | **Amount** |                                |                                                     
|Balance, December 31,
1995                                     | 23,810,000       | $ 23,810   | $ 583,693                      | $ (599,863)                                         
|Net loss for the year
ended December 31,
1996                  | -                | -          | -                              | (1,256)                                             
|                                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1996                                     | 23,810,000       | 23,810     | 583,693                        | (601,119)                                           
|Net loss for the year
ended December 31,
1997                  | -                | -          | -                              | (1,373)                                             
|                                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1997                                     | 23,810,000       | 23,810     | 583,693                        | (602,492)                                           
|Net loss for the year
ended December 31,
1998                  | -                | -          | -                              | (770)                                               
|                                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1998                                     | 23,810,000       | 23,810     | 583,693                        | (603,262)                                           
|Net loss for the year
ended December 31,
1999                  | -                | -          | -                              | (9,343)                                             
|                                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
1999                                     | 23,810,000       | 23,810     | 583,693                        | (612,605)                                           
|Net loss for the year
ended December 31,
2000                  | -                | -          | -                              | (5,451)                                             
|                                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
2000                                     | 23,810,000       | 23,810     | 583,693                        | (618,056)                                           
|Net loss for the year
ended December 31,
2001                  | -                | -          | -                              | (4,959)                                             
|                                                               | __________       | __________ | __________                     | __________                                          
|Balance, December 31,
2001                                     | 23,810,000       | 23,810     | 583,693                        | (623,015)                                           
|Net loss for the three
months ended March
31, 2002 (unaudited) | -                | -          | -                              | (1,998)                                             
|                                                               | __________       | __________ | __________                     | __________                                          
|Balance, March 31,
2002 (unaudited)                            | 23,810,000       | $ 23,810   | $ 583,693                      | $ (625,013)                                         
|                                                               | =========        | =========  | =========                      | =========                                           

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Statements of Cash Flows**

(Unaudited)



|                                                                              | **For the Three Months
Ended March 31,** | **For the Three Months
Ended March 31,** | **From Inception on
November 1, 1985 through
March 31,**
|----------------------------------------------------------------------------- | ---------------------------------------- | ---------------------------------------- | --------------------------------------------------------
|                                                                              | **2002**                                 | **2001**                                 | **2002**                                                
|**OPERATING
ACTIVITIES:**                                                     |                                          |                                          |                                                         
|Net loss                                                                      | $ (1,998)                                | $ (1,665)                                | $ (625,013)                                             
|Adjustments to reconcile net
loss to net cash (used) by
operating activities: |                                          |                                          |                                                         
|Shares issued for services                                                    | -                                        | -                                        | 50                                                      
|Changes in operating assets
and liabilities:                                  |                                          |                                          |                                                         
|Increase in accounts payable
and accounts payable -
related party             | 1,998                                    | 1,572                                    | 17,857                                                  
|Net Cash Provided (Used)
by Operating Activities                              | -                                        | (93)                                     | (607,106)                                               
|**INVESTING
ACTIVITIES:**                                                     | -                                        | -                                        | -                                                       
|**FINANCING
ACTIVITIES:**                                                     |                                          |                                          |                                                         
|Additional capital
contributed                                                | -                                        | -                                        | 10,180                                                  
|Stock offering costs                                                          | -                                        | -                                        | (18,678)                                                
|Issuance of common stock                                                      | -                                        | -                                        | 615,951                                                 
|Net Cash Provided by
Financing Activities                                     | -                                        | -                                        | 607,453                                                 
|**INCREASE (DECREASE)
IN CASH AND CASH
EQUIVALENTS**                          | -                                        | (93)                                     | 347                                                     
|**CASH AT BEGINNING
OF PERIOD**                                               | 347                                      | 740                                      | -                                                       
|****                                                                          | __________                               | __________                               | __________                                              
|**CASH AT END OF
PERIOD**                                                     | $ 347                                    | $ 647                                    | $ 347                                                   
|****                                                                          | =========                                | =========                                | =========                                               
|**CASH PAID FOR**                                                             |                                          |                                          |                                                         
|Interest                                                                      | $ -                                      | $ -                                      | $ -                                                     
|Income taxes                                                                  | $ -                                      | $ -                                      | $ -                                                     

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

**SICLONE INDUSTRIES, INC.**

(A Development Stage Company)

**Notes to the Financial Statements**

**March 31, 2002 and December 31, 2001**

**NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION**

The accompanying unaudited condensed consolidated financial statements have been prepared by the Company 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 in accordance with such rules and regulations.  The information furnished in the interim condensed
consolidated financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion
of management, are necessary for a fair presentation of such financial statements.  Although management believes the
disclosures and information presented are adequate to make the information not misleading, it is suggested that these
interim condensed consolidated financial statements be read in conjunction with the Company's most recent audited
financial statements and notes thereto included in its December 31, 2001 Annual Report on Form 10-KSB.  Operating
results for the three months ended March 31, 2002 are not necessarily indicative of the results that may be expected for the
year ending December 31, 2002.

**NOTE 2 - GOING CONCERN**

The Company's financial statements are prepared using generally accepted accounting principles applicable to a going
concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business.
However, the Company has little cash and has experienced losses from inception. Without realization of additional
adequate financing, it would be unlikely for the Company to pursue and realize its objectives.  The Company intends to
seek a merger with an existing operating company.  In the interim, an officer of the Company has committed to meeting its
operating expenses.

**Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF****FINANCIAL CONDITION OR PLAN OF
OPERATION**

**Forward-Looking Statement Notice**

When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and
similar expressions are intended to identify forward-looking statements within the meaning of Section 27a of the Securities
Act of 1933 and Section 21e of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that
may affect the Company's future plans of operations, business strategy, operating results, and financial position.  Persons
reviewing this report are cautioned that any forward-looking statements are not guarantees of future performance and are
subject to risks and uncertainties and that actual results may differ materially from those included within the
forward-looking statements as a result of various factors.  Such factors are discussed under the "Item 6. Management's
Discussion and Analysis of Financial Condition or Plan of Operations," and also include general economic factors and
conditions that may directly or indirectly impact the Company's financial condition or results of operations.

**Three Month periods Ended March 31, 2002 and 2001**

The Company had no revenue from continuing operations for the three month periods ended March, 2002 and 2001.

General and administrative expenses for the three month periods ended March 31, 2002 and 2001, consisted of general
corporate administration, legal and professional expenses, and accounting and auditing costs. These expenses were $1,998
and $1,665 for the three month periods ended March 31, 2002 and 2001, respectively.

As a result of the foregoing factors, the Company realized a net loss of $1,998 for the three months ended March 31, 2002
as compared to a net loss of $1,665 for the same period in 2001.

**Liquidity and Capital Resources**

At March 31, 2002, the Company had cash in hand of $347 compared to $347 at December 31, 2001.  For the period ended
March 31, 2002, the Company had liabilities consisting of $2,145 in accounts payable and $15,712 in accounts payable to a
related party for total current liabilities of $17,857.   For the period ended December 31, 2001, the company had total
liabilities of $15,859 in the amount of  $17,857 of which $15,712 was payable to a related party.

Management believes that the Company has sufficient cash and short-term investments to meet the anticipated needs of the
Company's operations through at least the next 12 months.  However, there can be no assurances to that effect, as the
Company has no significant revenues and the Company's need for capital may change dramatically if it acquires an interest
in a business opportunity during that period.  The Company may accept loans from officers, seek equity financing or other
debt financing arrangements if necessary.  The Company's current operating plan is to (i) handle the administrative and
reporting requirements of a pubic company, and (ii) search for potential businesses, products, technologies and companies
for acquisition.  At present, the Company has no understandings, commitments or agreements with respect to the
acquisition of any business venture, and there can be no assurance that the Company will identify a business venture
suitable for acquisition I the future.  Further, there can be no assurance that the Company would be successful in
consummating any acquisition on favorable terms or that it will be able to profitably manage any business venture it
acquires.

****    **PART II.  OTHER INFORMATION**

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

Reports on Form 8-K:  No reports on Form 8-K were filed by the Company during the quarter ended March 31, 2002.

Exhibits:  None

**SIGNATURES**

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

**SICLONE INDUSTRIES, INC.**

Date: May 14, 2002    By: /s/ Bradley S. Shepherd

Bradley S. Shepherd,

President, Secretary and Treasurer