UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB

(Mark One)

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

                           For the quarterly period ended September 30, 2001

                                      -OR-

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

 For the transition period from ____________________ to________________________

                           Commission File No. 0-30786


                            LSI COMMUNICATIONS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


               Nevada                                        87-0627349
               ------                                        ----------
   (State or other jurisdiction of                         (IRS Employer
    incorporation or organization)                      Identification No.)


                    12244 South Business Park Drive Suite 215
                               Draper, Utah 84020
                                  801-553-2300
                      -----------------------------------
                        (Address, including zip code, and
                           telephone number, including
                           area code, of registrant's
                               principal executive
                                    offices)


Check whether the issuer (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 [ ]


At September 30, 2001, there were 20,261,087 shares of common stock, par value
$.001 per share, of the registrant outstanding.

Transitional small business disclosure format: Yes  [ ] No [X]

<PAGE>

                            LSI COMMUNICATIONS, INC.

                                TABLE OF CONTENTS


PART I.   FINANCIAL INFORMATION

     ITEM 1.   FINANCIAL STATEMENTS

               Consolidated Balance Sheets: September 30, 2001
                 and December 31, 2000 ......................................3

               Consolidated Statements of Operations: Nine Month
                 Periods Ended September 30, 2001 and September 30, 2000.....5

               Consolidated Statements of Operations: Three Month
                 Periods Ended September 30, 2001 and September 30, 2000 ....5

               Consolidated Statements of Cash Flows Nine Month
                 Periods Ended September 30, 2001 and September 30, 2000.....6

               Note to Consolidated Financial Statements.....................7

     ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS.........................8

PART II.  OTHER INFORMATION

     ITEM 1 - Legal Proceedings ............................................12

     ITEM 2 - Changes in Securities ........................................12

     ITEM 3 - Defaults upon Senior Securities...............................12

     ITEM 4 - Submission of Matter to Vote of Security Holders .............12

     ITEM 5 - Other Information.............................................12

     ITEM 6 - Exhibits and Reports on Form 8-K Page.........................12

SIGNATURES .................................................................13

                                       2
<PAGE>
<TABLE>
<CAPTION>
                                LSI Communications, Inc.
                               Consolidated Balance Sheet
                                       Unaudited

                          ASSETS

                                                              Sept 30,           December 31,
                                                                2001                 2000
                                                           ---------------      ---------------
<S>                                                        <C>                  <C>
CURRENT ASSETS
     Cash & Cash Equivalents                               $      (10,641)      $        5,270
     Inventory                                                          -               11,445
     Accounts Receivable (Net of allowance of $7,000)              69,109              113,884
     Deposits                                                           -               26,500
                                                           ---------------      ---------------

          Total Current Assets                                     58,468              157,099
                                                           ---------------      ---------------

PROPERTY & EQUIPMENT
    (Net of Accumulated Depreciation)                              41,235               56,736
                                                           ---------------      ---------------

OTHER ASSETS
     Deposits & Prepaids                                            6,076                6,076
     Licenses                                                      90,000                    -
     Motion Picture                                               196,000                    -
     Investment Available for Sale                              1,303,750                    -
                                                           ---------------      ---------------

          Total Other Assets                                    1,595,826                6,076
                                                           ---------------      ---------------

   TOTAL ASSETS                                            $    1,695,529       $      219,911
                                                           ===============      ===============

                                                  3
<PAGE>
<CAPTION>
                                LSI Communications, Inc.
                               Consolidated Balance Sheet
                                       Unaudited


           LIABILITIES AND STOCKHOLDERS' EQUITY

                                                              Sept 30,           December 31,
                                                                2001                 2000
                                                           ---------------      ---------------
<S>                                                        <C>                  <C>
CURRENT LIABILITIES
     Accounts payable                                      $      125,857       $       36,290
     Accrued expenses                                              86,565               41,269
     Current portion of long-term liabilites                       76,196              102,686
     Deferred Compensation                                        134,200               91,000
                                                           ---------------      ---------------

          Total Current Liabilities                               422,818              271,245
                                                           ---------------      ---------------

LONG TERM LIABILITIES
    Capital lease obligation                                       19,667               23,472
    Notes payable                                                       -                    -
    Notes payable-related party                                    76,196              103,874
    Less current portion                                          (76,196)            (102,686)
                                                           ---------------      ---------------

          Total long term Liabilities                              19,667               24,660
                                                           ---------------      ---------------

           TOTAL LIABILITIES                                      442,485              295,905
                                                           ---------------      ---------------


STOCKHOLDERS' EQUITY
    Common stock, authorized 50,000,000 shares of $.001
     par value, issued and outstanding 20,261,086 and
     11,415,632 shares, respectively                               20,261               11,416
    Additional Paid-in capital                                  1,604,106              731,598
    Retained Earnings                                            (808,823)            (819,008)
    Accumulated Comprehensive Income                              437,500                    -
                                                           ---------------      ---------------

          Total Stockholders' Equity                            1,253,044              (75,994)
                                                           ---------------      ---------------

   TOTAL LIABILITIES & STOCKHOLDERS EQUITY                 $    1,695,529       $      219,911
                                                           ===============      ===============

                                                 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                         LSI Communications, Inc.
                                  Consolidated Statements of Operations
                                                Unaudited

                                                      For the 3 Months Ended                     For the 9 Months Ended
                                                   Sept 30,             Sept 30,             Sept 30,             Sept 30,
                                                     2001                 2000                 2001                 2000
                                                ---------------      ---------------      ---------------      ---------------
<S>                                             <C>                  <C>                  <C>                  <C>
REVENUES
    Software Sales                              $            0       $        2,589       $       21,300       $       22,785
    Training Sales                                     244,222              515,942              550,908            1,112,614
                                                ---------------      ---------------      ---------------      ---------------
TOTAL REVENUES                                         244,222              518,531              572,208            1,135,399
                                                ---------------      ---------------      ---------------      ---------------

COST OF SALES
    Software                                                 0                   58                  327                  257
    Training                                            42,703              187,395              192,017              341,464
                                                ---------------      ---------------      ---------------      ---------------
TOTAL COST OF GOODS SOLD                                42,703              187,453              192,344              341,721
                                                ---------------      ---------------      ---------------      ---------------

GROSS PROFIT                                           201,519              331,078              379,864              793,678
                                                ---------------      ---------------      ---------------      ---------------

SELLING EXPENSES                                        48,614              156,187              148,202              259,638

PAYROLL                                                 45,622               79,850              192,031              227,755

RESEARCH & DEVELOPMENT                                       -                  887                    -                3,792

TRAVEL & TRADE SHOW EXPENSE                             29,567               22,597               89,078               43,704

GENERAL & ADMINISTRATIVE EXPENSES                       71,884               95,008              235,059              363,638
                                                ---------------      ---------------      ---------------      ---------------

TOTAL OPERATING EXPENSES                               195,687              354,529              664,370              898,527
                                                ---------------      ---------------      ---------------      ---------------

OPERATING INCOME (LOSS)                                  5,832              (23,451)            (284,506)            (104,849)
                                                ---------------      ---------------      ---------------      ---------------

OTHER INCOME AND (EXPENSES)
   Forgiveness of Debt                                       -                    -                    -               13,368
   Gain on Sale of Warever                                   -                    -              761,250
   Miscellaneous income (expense)                         (317)                (170)              (5,049)              (5,446)
   Interest expense                                     (1,740)              (2,577)              (8,439)              (7,843)
                                                ---------------      ---------------      ---------------      ---------------

     Total Other Income and (Expenses)                  (2,057)              (2,747)             747,762                   79
                                                ---------------      ---------------      ---------------      ---------------

NET INCOME (LOSS) BEFORE INCOME TAXES                    3,775              (26,198)             463,256             (104,770)
                                                ---------------      ---------------      ---------------      ---------------

PROVISION FOR INCOME TAXES                                   -                    -                    -                    -
                                                ---------------      ---------------      ---------------      ---------------

NET INCOME (LOSS)                                        3,775              (26,198)             463,256             (104,770)
                                                ===============      ===============      ===============      ===============

NET INCOME (LOSS) PER SHARE                               0.00                (0.00)                0.03                (0.01)
                                                ===============      ===============      ===============      ===============

WEIGHTED AVERAGE OUTSTANDING SHARES                 17,524,129           11,415,632           14,674,192           11,132,785
                                                ===============      ===============      ===============      ===============

                                                               5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                 LSI Communications, Inc.
                          Consolidated Statements of Cash Flows
                                        Unaudited

                                                                  For the Period Ended
                                                              Sept 30,             Sept 30,
                                                                2001                 2000
                                                           ---------------      ---------------
<S>                                                        <C>                  <C>
Cash Flows From Operating Activities
Net income (loss)                                          $      463,256       $     (104,770)
Non-cash items:
   Depreciation                                                    15,501               12,351
   Bad Debt                                                        35,237                7,000
   Issuance of stock                                                2,045                2,500
   Recognition of Deferred Revenue                                      -                 (491)
   Deferred Compensation                                           43,200                    -
   Gain on Sale of Warever                                       (761,250)                   -
(Increase)/decrease in currents assets:
   Accounts receivable                                             44,774               94,390
   Inventory                                                       11,445               (6,955)
   Deposits (Current)                                              26,500                    -
Increase/(decrease) in currents liabilities:
   Accounts payable                                                89,567                9,944
   Accrued expense                                                 45,296              (10,148)
   Customer Deposits                                                    -                    -
                                                           ---------------      ---------------

      Net Cash Provided (Used) by Operating Activiities            15,571                3,821
                                                           ---------------      ---------------


Cash Flows From Investing Activities
   Cash received in sale of contract                                    -              226,800
   Cash paid for property, equipment and software
     technology                                                         -              (49,650)
                                                            ---------------      ---------------

      Net Cash Provided (Used) by Investing Activiities                 -              177,150
                                                           ---------------      ---------------


Cash Flows From Financing Activities
   Factoring Fees                                                       -              (13,000)
   Increase in long-term debt                                       9,600               25,692
   Principal payments on long-term debt                           (41,082)             (98,251)
                                                           ---------------      ---------------

      Net Cash Provided (Used) by Financing Activiities           (31,482)             (85,559)
                                                           ---------------      ---------------

      Increase/(decrease) in Cash                                 (15,911)              95,412

Cash and Cash Equivalents at Beginning of Period                    5,270               18,393

Cash and Cash Equivalents at End of Period                 $      (10,641)      $      113,805

Supplemental Cash Flow Information:
   Cash paid for interest                                  $       (8,439)      $       (7,843)
   Cash paid for income taxes                                           -                    -

                                                      6
</TABLE>
<PAGE>

                            LSI COMMUNICATIONS, INC.
                          NOTE TO FINANCIAL STATEMENTS
                    SEPTEMBER 30, 2001 AND SEPTEMBER 30, 2000
                                   (UNAUDITED)

1. Basis of presentation:

         The accompanying unaudited financial statements have been prepared in
accordance with generally accepted accounting principles for interim financial
information and with the instructions for Form 10-QSB and Item 310 of Regulation
S-B. Accordingly, they do not include all of the information and footnotes
required by generally accepted accounting principles for complete financial
statements. In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation have been
included. Operating results for the Nine Month period ended September 30, 2001
are not necessarily indicative of the results that may be expected for the year
ending December 31, 2001. The unaudited financial statements should be read in
conjunction with the financial statements for the year ended December 31, 2000
and footnotes thereto included in the Company's annual report on Form 10KSB,
which are incorporated herein by reference.

                                       7
<PAGE>

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

         This discussion contains forward-looking statements made by the Company
pursuant to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements reflect our current views with
respect to such future events. Actual results may vary materially and adversely
from those anticipated, believed, estimated or otherwise indicated. Factors that
could cause actual results to differ adversely include, without limitation,
inability to maintain sources of coaching customers, and lack of consumer demand
for new products. We do not undertake to update any forward-looking statement
that may be made from time to time by or on our behalf.

     (a) Introduction

         We are a technology training company based in Draper, Utah. Our primary
subsidiary is Coaching Institute, Inc., which offers fully integrated "coaching"
programs designed specifically for sales trainers, seminar leaders, motivational
speakers and network marketers who are interested in extending their programs to
seminar attendees through one-on-one training. Our group and one-on-one coaching
programs are focused toward both individual and corporate clients. Our coaching
programs are tailored to assist our clients with personal, technical and
professional development and productivity.

         Our business has completed a shift away from computer software
development and sales to a focus on development of our coaching business.
Consistent with this change of direction, we sold Warever Corporation, our
computer software development and sales subsidiary on June 7, 2001. Over the
several quarters prior to the sale of Warever Corporation, our software sales,
which were formerly the primary source of our revenues, steadily declined both
as a category and in terms of our total gross sales. We currently have no plans
to develop or sell software in the foreseeable future.

         We are continuing to change the marketing strategy for our coaching
services by sourcing coaching clients from internal sources rather than from
third parties. Just less than half (46%) of our coaching revenues in three-month
period ended September 30, 2001 were derived from internally sourced clients.
The other half of our coaching related revenues were derived from the
fulfillment of contracts referred to us by outside vendors. We continue to seek
internally sourced clients because of their superior profit margins. In order to
source additional clients, we organized and hosted real estate seminars in
several cities during the three-month period ended September 30, 2001. We were
able to enter into training contracts with a number of the seminar attendees.

         Our management is exploring additional revenue sources in the real
estate industry. During the three-month period ended September 30, 2001, we
acquired Liberty Financial Group of Arkansas and Liberty Financial Group of
Wyoming primarily because they are licensed to originate loans in the states

                                       8
<PAGE>

of Arkansas and Wyoming, respectively. However, due to our extremely limited
operating capital, we do not expect to be in a position to benefit from the two
acquisitions in the foreseeable future.

         Our operating results may fluctuate significantly in the future as a
result of several factors, many of which are not within our control. These
factors include, but are not limited to, demand for, and acceptance of, our
products and services, seasonal trends in the demand for coaching services, need
for capital expenditures and costs relating to our expansion, introduction of
new services or products, competitive forces, price changes in the coaching
industry, and general and industry-wide economic conditions. As a result of
changes to the coaching industry, we may make certain service changes or
acquisitions, including a possible acquisition of LSI Communications, Inc., or
Coaching Institute by another entity, that could materially affect our business,
operations, and financial condition. We also expect certain seasonal effects, as
they relate to our coaching revenues, due to lower demand during the end of the
year holidays and other vacation periods and holidays. Due to all of the
aforementioned factors, in some future interim periods, our operating results
may be adversely affected and fall below the expectations of our management and
investors. We may also never emerge from our current development stage. In such
case, the trading price of our common stock would likely be materially and
adversely affected.

     (b) Results of Operations

         (i) Nine Month Periods Ended September 30, 2001 and September 30, 2000

Sales Revenues

         Sales revenues for the Nine Month period ended September 30, 2001 were
$572,208, a decrease of $563,191, or 49.6% from $1,135,399 for the Nine Month
period ended September 30, 2000. Our coaching related revenue from Coaching
Institute, which became our only immediate source of revenue when we disposed of
Warever Corporation in July 2001, experienced a revenue decrease of $561,706 or
50.5% to $550,908 from $1,112,614 during the Nine Month period ended September
30, 2000. As discussed in previous reports this year, the cessation of
Homes.com's business operations, one of our primary sources of coaching clients,
resulted in an immediate, unexpected, contraction of fulfillment contracts and a
subsequent reduction in our gross coaching sales. During the remaining part of
the Nine Month period ended September 30, 2001, we have focused on directly
sourcing new coaching clients through seminars and events sponsored and promoted
by Coaching Institute while maintaining relationships with third party companies
and individuals, such as SDI Wealth Institute ("SDI"), to market and sell our
coaching and training packages, which we fulfill.

         Third parties remain the largest source of our coaching clients,
despite our efforts to source the majority of our coaching clients from internal
sources. Our third party client sources receive a referral fee for each coaching
client they refer to Coaching Institute, but are not contractually bound to

                                       9
<PAGE>

supply Coaching Institute with any minimum number of referrals. Our inability to
control or predict the number of client referrals and the relatively low margins
from fulfillment of coaching contracts result weakens our ability to gain
consistent revenues from clients obtained by third party referrals. In addition,
revenues which do result from our relationship with such third parties could end
at any time. During the coming months, we intend to continue to organize and
host seminars in an effort to increase coaching clients. We believe that these
seminars will lead to coaching service contracts.

         Warever Corporation, our former software sales and development
subsidiary, which accounted for 1.4% of our revenues in the Year ended December
31, 2000, had revenues decrease by $1,485 or 6.5% to $21,300 during the Nine
Month period ended September 30, 2001 from $22,785 during the comparable period
ended September 30, 2000. However, Warever Corporation's revenue increase did
not meet our expectations or requirements. As a result, we determined that it
was in our best interest to sell Warever Corporation in order to focus on
coaching and other activities.

         Cost of Sales

         Cost of Sales decreased by $149,377, or 43.7%, to $192,344 in the 2001
Nine Month period from $341,721 in the comparable 2000 Nine Month period. The
decrease was attributable to decreased coaching sales and the corresponding
reduction in referral commissions. Salaries paid to the coaches who perform the
coaching are also included in Costs of Sales. We anticipate that coaching
related commissions will decrease as internally sourced coaching clients from
our direct marketing efforts increase. However, until we implement an effective
method to expand our direct sales, we must continue to rely on commission based
referrals.

         Selling, General and Administrative Expenses

         General and Administrative expenses decreased by $128,579, or 35.4%, to
$235,059 in the 2001 Nine Month period from $363,638 in the 2000 Nine Month
period. Selling expenses decreased by $111,436, or 42.9%, to $148,202 in the
2001 Nine Month period from $259,638 in the 2000 Nine Month period. A primary
reason for the 2001 Nine Month period decrease is the decreased Coaching
Institute sales and the corresponding reduction in salaries and commissions.

         Payroll related expenses remained steady, decreasing by $35,724, or
15.7%, to $192,031 in the Nine Month period ended September 30, 2001 from
$227,755 in the comparable 2000 Nine Month period. The Payroll line item of our
Statement of Operations includes all salaries, primarily administrative, not
related to selling, marketing or actual coaching.

         Interest Expense

         Interest expense increased by $596, or 7.6%, to $8,439 in the 2001 Nine
Month period from $7,843 in the 2000 Nine Month period. The increase was
primarily due to interest paid on loans from 2000. The loans were required to
continue our operations.

                                       10
<PAGE>

         Net Income

         Our net income for the 2001 Nine Month period increased by $568,026, or
542.2%, to net income of $463,256 from a net loss of (104,770) in the comparable
2000 period. This transformation to net income from years of net loss is due
almost exclusively to the sale of Warever being booked as income, which was a
one-time event. Moreover, the income from the sale of Warever was restricted
stock in Success Financial Services Group, Inc. (US OTC: "SFSG") a company
traded on the "pink sheets", that does not report to the SEC and has extremely
low trading volume for its securities. We emphasize that had it not been for the
sale of Warever Corporation, our net loss for the nine month period ended
September 30, 2001 would have remained. In addition, it is very possible that
the price of the stock could be dramatically reduced due to a sell-off by one or
more shareholders. In addition, we were issued restricted securities which
cannot be sold into the market for at least one year. In the event we are unable
to sell our stock at or near its current listed price, the entire amount we show
as income could be transformed into a loss.

         Due to the abrupt loss of coaching and training referrals from
Homes.com and other third party client sources in the early part of the 2001,
our general business operations have been relatively weak during the Nine Month
period ended September 30, 2001. However, it appears that we are recovering from
the shock caused by the loss of Homes.com's business and we believe that we will
continue to source coaching leads and clients from internally sponsored seminars
to maintain our net profit in coming quarters.

         (ii) Three Month Periods Ended September 30, 2001 and
September 30, 2000

         Revenue decreased to $244,222 during the three-month period ended
September 30, 2001 compared to $518,531 of revenue recorded during the same
period of the prior year. This represented a decrease of 52.9% compared to the
prior year quarter. As discussed, the loss of revenues resulted from the loss of
third party client sources and the cessation of software revenues due to the
sale of Warever Corporation. However, we had a net income of $3,886 during the
three-month period ended September 30, 2001 compared to a net loss of ($26,198)
recorded during the same period of the prior year. The three-month period ended
September 30, 2001 is the first quarter in approximately two years that we have
shown a net quarterly gain.

     (c) Liquidity and Capital Resources

         Our liquidity and capital resources as of September 30, 2001 were
($10,641), and as of September 30, 2000 were $113,805, a decrease of $124,446 or
109.3%. The cause of this decrease was due to funds being used for operations
during the latter half of the Year ended December 31, 2000 and the Nine Month
period ended September 30, 2001.

         At September 30, 2001, our current liabilities exceeded our current
assets by approximately $364,350, with a ratio of current liabilities to current
assets of approximately 7.2 to 1. Inventory levels decreased by $11,445 or 100%

                                       11
<PAGE>

to $0.00 on September 30, 2001 compared to $11,445 on December 31, 2000. The
reason for this decrease was the sale of Warever along with all units of
PowerHouse. Accounts receivable were lower due to collection from SDI.

         Due to the dramatic decrease in referrals from SDI and Homes.com, we do
not expect to satisfy our cash requirements during the next 12 months from cash
on hand and revenues. We are considering raising money through a stock offering
or loans fund our operations. Our inability to raise cash through debt or equity
could adversely affect our ability to continue as a going concern. We have no
commitments for significant capital expenditures over the next 12 months.

II.     OTHER INFORMATION

ITEM  1. LEGAL PROCEEDINGS

         not applicable

ITEM 2.  CHANGES IN SECURITIES

         not applicable

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         not applicable

ITEM 4.  SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS

         not applicable

ITEM  5. OTHER INFORMATION

         not applicable

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibits:

              Exhibit
                No.         Description

         not applicable

         (b)  8-K Reports

         not applicable

                                       12
<PAGE>

                                   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 on
its behalf by the undersigned, thereunto duly authorized.

                                            LSI COMMUNICATIONS, INC.

                                            By: /s/ Craig Hendricks
                                            -----------------------------------
                                            Craig Hendricks
                                            Chief Executive Officer, President
                                            Date 11/10/01

                                       13