<PAGE>
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

        [X] Quarterly Report under Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                  For the quarterly period ended March 31, 2003
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                    [ ] Transition Report under Section 13 or
                   15(d)of the Exchange Act For the Transition
                        Period from ________ to _________
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                        Commission File Number: 000-28445
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                              Finity Holdings, Inc.
           -----------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


                  Delaware                              11-3210792
         -----------------------------              -----------------
         (State or other jurisdiction                 (IRS Employer
       of incorporation or organization)            Identification No.)


              5155 Financial Way, Mason, OH                41042
        -----------------------------------------         --------
         (Address of Principal Executive Offices)        (Zip Code)


           513-229-6663 (Phone)                    513-229-6744 (FAX)
       ---------------------------------------------------------------
                            Issuer's Telephone Number


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act of 1934 during the past 12 months (or such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

Yes [X]     No [ ]

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

Check whether the Registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.

Yes [ ]     No [ ]
                      APPLICABLE ONLY TO CORPORATE ISSUERS

The Registrant has 100,000,000 Common Stock, authorized, 50,524,500 shares of
common stock issued and outstanding, par value $0.001 per share and 5,000,000
Preferred Stock authorized, par value $0.001 per share as of March 31, 2003.

Traditional Small Business Disclosure Format (check one):

Yes [X]     No [ ]

                                       1
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                          PART I. FINANCIAL INFORMATION


                   ITEM 1. FINANCIAL STATEMENTS AND EXHIBITS


                              FINITY HOLDINGS, INC.
                                  BALANCE SHEET
                                 March 31, 2003


<TABLE>
<S>                                                      <C>
Current Assets
  Cash                                                     $     3,649
                                                           ===========




Stockholders' Equity
  Common stock, $.001 par value, 100,000,000 shares
    authorized, 50,828,073 shares issued and outstanding        50,828
  Paid in capital                                            8,436,002
  Retained deficit                                          (8,483,181)
                                                           -----------
     Total Stockholders' Equity                            $     3,649
                                                           ===========
</TABLE>

                                       2
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                              FINITY HOLDINGS, INC.
                            STATEMENTS OF OPERATIONS
                              For the Three Months
                          Ended March 31, 2003 and 2002
<TABLE>
<CAPTION>
                                  Three Months
                                Ended March 31

                                      2003            2002
                                 ------------    ------------
<S>                              <C>             <C>
Revenues
Cost of operations               $       (599)        (36,321)
                                 ------------    ------------
Net loss from operations                 (599)        (36,321)

Other income and expense
  Interest income
  Interest expense
  Other income                                              0
                                 ------------    ------------
Net loss before tax                      (599)        (36,321)

Income tax expense

Net income (loss) before
  extraordinary item                     (599)        (36,321)

Extraordinary gain on sale
  of subsidiaries, net
  of tax
                                 ------------    ------------
  Net income (loss)              $       (599)   $    (36,321)
                                 ============    ============
Net basic and diluted loss
  per share before
  extraordinary item:            $       (.00)   $      (.002)

Net basic and diluted earnings
  (loss) per share after
  extraordinary item:            $       (.00)   $      (.002)

Weighted average shares
  outstanding:                     50,828,073      50,828,073
</TABLE>

                                       3
<PAGE>
                              FINITY HOLDINGS, INC.
                            STATEMENTS OF CASH FLOWS
               For the Three Months Ended March 31, 2003 and 2002
<TABLE>
<CAPTION>

                                                     2003       2002
                                                  --------    --------
<S>                                               <C>         <C>
Cash Flows From Operating Activities
  Net loss                                        $   (599)   $(36,321)
  Adjustments to reconcile net loss to
    net cash provided by operations
      Deferred income tax expense
      Depreciation
      Gain on sale of subsidiaries
      Loss on writedown of investment
  Net change in:
    Accounts receivable
    Other current assets
    Accounts payable and accrued expenses                       (9,000)
                                                  --------    --------
    Net cash used by operating activities             (599)    (45,321)
                                                  --------    --------
Cash Flows From Investing Activities Transfers from restricted cash Purchase of
  property and equipment Sale of subsidiaries

                                                              --------
    Net cash used by investing activities                            0
                                                              --------
Cash Flows From Financing Activities
  Payments on line of credit                                         0
                                                  --------    --------
Net change in cash                                    (599)    (45,321)

Cash Balances
     - at beginning of period                        4,248      59,680
                                                  --------    --------
     - at end of period                           $  3,649    $ 14,359
                                                  ========    ========
</TABLE>


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<PAGE>
                              FINITY HOLDINGS, INC.
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Finity Holdings, Inc.
("Finity"), a Delaware corporation have been prepared in accordance with
accounting principles generally accepted in the United States of America and the
rules of the Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes thereto contained in
Finity's latest Annual Report filed with the SEC on Form 10-KSB. In the opinion
of management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the interim periods presented have been reflected herein. The
results of operations for interim periods are not necessarily indicative of the
results to be expected for the full year. Notes to the financial statements
which would substantially duplicate the disclosure contained in the audited
financial statements for the most recent fiscal year, 2001, as reported in Form
10-KSB, have been omitted.


ITEM 2.  MANAGEMENT DISCUSSION & ANALYSIS

DESCRIPTION OF BUSINESS

We were organized on February 5, 1993 and are currently known as Finity Holdings
Inc. We formerly operated through two wholly-owned subsidiaries, Finity
Corporation, a Texas corporation, and Fi-Scrip, Incorporated, a Nevada
corporation ("Fi-Scrip"). We sold all of our stock in Finity Corporation and
Fi-Scrip effective June 5, 2001. The sale of these two subsidiaries leaves us
without any significant operations and or assets since that date.

Currently, Finity Holdings has one unpaid business manager, John A. Courter, who
is serving as interim President and member of the board of directors. We do not
expect any change in the number of employees in the short term. We are seeking
an operating company with which to merge, subject to other issues being
resolved.

Generally speaking, John A. Courter will consult with the two largest
shareholders (89 percent of the stock ownership), attorneys and accountant
regarding the administration of the company on all material matters that may
affect their investment.

We strongly suggest that all shareholders and or prospective shareholders go to
www.sec.gov and read all the public records for the last three years to gain a
complete understanding of the complex changes and continuing evolution of the
corporation.


DESCRIPTIONS OF PROPERTIES

We operate no plants or physical locations other than a single administrative
office. The address is 5155 Financial Way, Mason, OH 45040. Email address is
jacourter@cngfinancial.com

CURRENT OPERATIONS

We ceased operations on June 5, 2001 and have focused on paying our debts,
managing company business and resolving legal issues.

                                       5
<PAGE>

Our recent operating history offers little or no guidance with respect to our
financial performance in the future. Because we have no significant operations,
we do not expect to have any revenues in the next twelve months. Nor do we
expect to have significant operating expenses in the next twelve months except
for funding the administrative costs of the class action settlement, the
Jennings litigation and other legal matters, marketing ads in the Wall Street
Journal and general accounting matters.

There are significant uncertainties that may have a material and or catastrophic
impact upon our liquidity or ability to operate. Specifically, Messrs. Baetz and
Gallant have stated through counsel that they will seek indemnity and
reimbursement of legal expenses from us in connection with their potential
liability in the matter discussed in Item 2 below. If they win any significant
indemnity claim, Finity will become insolvent. If we become insolvent, we will
be forced to dissolve and cease our remaining operations.

ITEM 3.  CONTROLS AND PROCEDURES

Because we have ceased operations, we do not have, and have not evaluated within
90 days of the filing of this report, disclosure controls and procedures.

                           PART II. OTHER INFORMATION


ITEM 2.     LEGAL PROCEEDINGS

Finity Holdings, Inc. v. Gary K. Jennings, Case No. G/C 795939, California
Superior Court, San Diego County.

The Company was forced to file suit against its former President and Director,
Gary K. Jennings, on September 12, 2002 for Conversion, Violation of California
Corporation Code ss.1602, breach of fiduciary duty, tortuous interference with
economic relationships, unjust enrichment and an accounting in connection with
his performance and removal as an officer and director. Jennings refused to turn
over Company books and records and refused to cease holding himself out as a
representative and taking action on behalf of the Company after his removal. The
Company sought and obtained a Temporary Restraining Order and Order to Show
Cause Why a Preliminary Injunction Should Not Issue. The Company general ledger
and check book have not been produced by Jennings and he has failed to produce
an accounting of the missing financial records. In addition, the Company alleges
Jennings unlawfully paid himself in excess of $65,000 and may have issued
himself unauthorized stock. The parties are currently in discovery and trial has
been tentatively set for August 22, 2003.



Finity Holdings, Inc. and Gary Jennings, U.S. Department of Labor, Case. No.
1085125

Gary Jennings filed a complaint against the Company on or about December 27,
2002 alleging he was terminated for being a whistleblower in violation of
Section 1107 of the Sarbanes-Oxley, Corporate and Fraud Accountability act of
2002, 18 U.S.C. sec. 1514A. The Department of Labor has not yet completed its
investigation. The Company denies all allegations and maintains that Jennings is
not an employee within the meaning of the Act and maintains that Jennings was
terminated for cause.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K

(a)  Exhibits - See Index to Exhibits following Certifications.

(b) Reports on Form 8-K - There were no reports filed on Form 8-K for the three
months ended December 31, 2002.


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                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned.
Date:  June 27, 2003

                                    FINITY HOLDINGS, INC.

                                     /S/ JOHN A. COURTER
                      ---------------------------------------------
                      By:  John A. Courter
                      President and Principal Financial and Accounting Officer


                                 CERTIFICATIONS*

I, John A. Courter, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of [identify
registrant];

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

*4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

           a) designed such disclosure controls and procedures to ensure that
           material information relating to the registrant, including its
           consolidated subsidiaries, is made known to us by others within those
           entities, particularly during the period in which this quarterly
           report is being prepared;

           b) evaluated the effectiveness of the registrant's disclosure
           controls and procedures as of a date within 90 days prior to the
           filing date of this quarterly report (the "Evaluation Date"); and

           c) presented in this quarterly report our conclusions about the
           effectiveness of the disclosure controls and procedures based on our
           evaluation as of the Evaluation Date;

*5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit committee
of registrant's board of directors (or persons performing the equivalent
functions):

           a) all significant deficiencies in the design or operation of
           internal controls which could adversely affect the registrant's
           ability to record, process, summarize and report financial data and
           have identified for the registrant's auditors any material weaknesses
           in internal controls; and

           b) any fraud, whether or not material, that involves management or
           other employees who have a significant role in the registrant's
           internal controls; and

*6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date June 27, 2003 FINITY HOLDINGS, INC.
                                               By: /s/ John A. Courter
                                                   ---------------------
                                                   John A. Courter, President

*The registrant has ceased operations. John A. Courter is the only certifying
officer because the registrant has no other officers or employees. Although Form
10-QSB requires that the certifications set forth above in paragraphs 4, 5 and 6
must be made (i) the registrant has no disclosure controls and procedures, (ii)
no evaluation of the registrant's disclosure controls and procedures has been
made, (iii) the registrant has no audit committee and John A. Courter is the
sole director of the registrant, and (iv) the registrant has no internal
controls and procedures.


INDEX TO EXHIBITS

Exhibit
Number                        Description                         Located at
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99.1 Certification of CEO and CFO under Section 906 of the Sarbanes-Oxley Act of
     2002Filed herewith

                                       7