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 of September 30, 2002

                                       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 number


                               MEDINA COFFEE, INC.
                               -------------------
             (Exact name of registrant as specified in its charter)

                     Nevada                               88-0442833
                     ------                               ----------
         (State or other jurisdictions of             (I.R.S. Employer
         incorporation or organization)              Identification No.)

                    P.O. Box 741, Bellevue, Washington, 98009
                   ------------------------------------------
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (425) 453-0355
                                                           ---------------

     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
                                                            ---     -----

As of September 30, 2002 the registrant had 1,102,100 shares of Common Stock
outstanding with a par value of $0.001 par value.



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                                               MEDINA COFFEE, INC.

                                                      INDEX

                                                                                                            Page No.
<S>      <C>                                                                                                <C>
PART 1 - FINANCIAL INFORMATION.................................................................................1
            ITEM 1. FINANCIAL STATEMENTS.......................................................................1
            ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.................................10
                        General     ..........................................................................10
                        Overview    ..........................................................................10
                        Plan of Operation.....................................................................10
                        Nine months ended September 30, 2002 versus Nine months ended September 30, 2001......11
                                    Results of Operations.....................................................11
                                    Revenue     ..............................................................11
                                    Loss Per Period/General and Administrative Expenses.......................11
                                    Liquidity and Capital  Resources..........................................12
                        Recent Accounting Pronouncements......................................................12
                        "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995....12
            ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK................................13

PART II - OTHER INFORMATION...................................................................................13
            ITEM 1. LEGAL PROCEEDINGS.........................................................................13
            ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.................................................13
                        Changes in Securities.................................................................13
                        Recent Sales of Unregistered Securities...............................................13
                        Recent Sales of Registered Securities.................................................13
                        Use of Proceeds.......................................................................13
            ITEM 3. DEFAULTS UPON SENIOR SECURITIES...........................................................13
            ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.......................................13
            ITEM 5. OTHER INFORMATION.........................................................................14
            ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.......................................... ...............14

SIGNATURES  ..................................................................................................14

INDEX TO EXHIBITS.............................................................................................15



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<PAGE>



                         PART 1 - FINANCIAL INFORMATION
                         ------------------------------

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

                          ITEM 1. FINANCIAL STATEMENTS.

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


            The information in this report for the nine months ended September
30, 2002 is unaudited but includes all adjustments (consisting only of normal
recurring accruals, unless otherwise indicated) which Medina Coffee, Inc
("Medina" or the "Company") considers necessary for a fair presentation of the
financial position, results of operations, changes in stockholders' equity and
cash flows for those periods.

            The condensed consolidated financial statements should be read in
conjunction with Medina's financial statements and the notes thereto contained
in Medina's Annual Report on Form 10-KSB for the year ended December 31, 2001

            Interim results are not necessarily indicative of results for the
full fiscal year.



















                                        1

<PAGE>












                               MEDINA COFFEE, INC
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                           SEPTEMBER 30, 2002 AND 2001










                                        2

<PAGE>



                               MEDINA COFFEE, INC


 TABLE OF CONTENTS                                                  PAGE #
 -----------------                                                  ------

             Financial Statements

                         Balance Sheet                              2

                         Statement of Operations                    3

                         Statement of Stockholders' Equity          4

                         Statement of Cash Flows                    5


             Notes of Financial Statements                          6 -8

















                                        3

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                                        MEDINA COFFEE, INC
                                   (A Development Stage Company)

                                     (Unaudited) Balance Sheet

Assets
------                                               Sept 30,    Sept 30,   December     December
                                                       2002       2001      31, 2001    31, 2000
                                                   ----------- ----------- ----------- -----------
<S>                                                <C>         <C>         <C>         <C>
Current Assets
Cash                                               $     4,482 $       760 $        20 $       315
                                                   ----------- ----------- ----------- -----------
          Total Current Assets                           4,482         760          20         315

Other Assets                                             4,006           0           0           0
          TOTAL ASSETS                             $     8,488 $       760 $        20 $       315
                                                   =========== =========== =========== ===========

Liabilities and Stockholders' Equity
------------------------------------
Current Liabilities
Officers Advances (Note #6)                        $     3,980 $     3,790 $     3,780 $     1,000
Officers Notes Payable (Note #7)                             0           0           0           0
Accounts Payable                                         2,000       2,000       2,000       2,000
                                                   ----------- ----------- ----------- -----------
          Total Current Liabilities                      5,980       5,790       5,780       3,000

Stockholders' Equity: Common Stock, $.001 par
value, authorized 100,000,000 shares; shares
issued and outstanding 1,052,600 at 09/30/02;
900,100 at 09/30/01; 902,100 at 12/31/01 and
900,100 at 12/31/00                                      1,050         900         900         900
Additional paid in capital                              16,000         900       1,100         900
Deficit accumulated during the development stage
                                                       (14,542)     (6,830)     (7,760)     (4,485)
                                                   ----------- ----------- ----------- -----------
            Total Stockholders' Equity (Deficit)         2,508      (5,030)     (5,760)     (2,685)

            TOTAL LIABILITIES AND
            STOCKHOLDERS' EQUITY (DEFICIT)         $     8,488 $       765 $        20 $       315
                                                   =========== =========== =========== ===========



                                      See accompanying notes



                                                 4
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                                                 MEDINA COFFEE, INC
                                            (A Development Stage Company)

                                         (Unaudited) Statement of Operations
                                         -----------------------------------



                                            Nine Months     Nine Months   Year Ended      Year Ended     Oct 4, 1999
                                           Ended Sept 30,  Ended Sept 30,   Dec 31,         Dec 31,    (inception) to
                                               2002            2001          2001            2000       Sept 30, 2002
                                           -------------- -------------- -------------- -------------- --------------
<S>                                        <C>            <C>            <C>            <C>            <C>
Income
              Revenue                      $         --   $         --   $         --   $         --   $         --
Expenses
              General and Administrative            6,782          2,435          3,275          3,485         14,542
                                           -------------- -------------- -------------- -------------- --------------
              Total Expenses                        6,782          2,435          3,275          3,485         14,542
              Net Loss                     $        6,782 $       (2,435)$       (3,275)$       (3,485)$      (14,542)
                                           ============== ============== ============== ============== ==============

Net Loss Per Share
   Basic and Diluted                       $      (0.0062)$      (0.0022)$      (0.0036)$      (0.0039)$      (0.0153)

Weighted average number of
common shares outstanding                       1,052,600        900,267        900,267        900,100        920,858
                                           ============== ============== ============== ============== ==============

                                               See accompanying notes





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                                                          5

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                                        MEDINA COFFEE, INC
                                   (A Development Stage Company)

                           (Unaudited) Statement of Stockholders' Equity


                                                                                       Deficit
                                                                                      accumulated
                                              Common Stock            Additional        during
                                     ------------------------------    Paid-In       development
                                         Shares          Amount        Capital          stage
                                     --------------  -------------- -------------- --------------
<S>                                  <C>             <C>            <C>            <C>
Balance December 31, 2000                   900,100  $          900 $          900 $       (4,485)

Net loss nine months ended
      Sept 30, 2001                                                                        (1,940)

Balance Sept 30, 2001                       900,100  $          900 $          900 $       (6,425)
                                     ==============  ============== ============== ==============

Balance December 31, 2001                   902,100  $          900 $        1,100 $       (7,760)

Issue for Cash                              150,500  $          150 $       14,900              0

Net loss nine months ended
Sept 30, 2002                                                                              (6,782)

Balance Sept 30, 2002                     1,052,600  $        1,050 $       16,000 $      (14,542)
                                     --------------  -------------- -------------- --------------

October 4, 1999
issued for cash                             900,100  $          900 $          900 $            0

Net loss, October 4, 1999
(inception) to December 31, 2000                                                           (4,485)

Balance December 31, 2000                   900,100             900            900         (4,485)
                                     --------------  -------------- -------------- --------------
Issued for Cash                               2,000               0            200              0

Net loss year ended
   December 31, 2001                                                                       (3,275)

Balance December 31, 2001                   902,100  $          900 $        1,100 $       (7,760)
                                     ==============  ============== ============== ==============

                                      See accompanying notes







                                                 6
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<CAPTION>


                                                       MEDINA COFFEE, INC
                                                  (A Development Stage Company)

                                               (Unaudited) Statement of Cash Flows
                                               -----------------------------------



                                                            Nine Months   Nine Months   Year Ended    Year Ended    Oct 4, 1999
                                                           Ended Sep 30, Ended Sep 30,    Dec 31,       Dec 31,    (inception) to
                                                               2002          2001          2001          2000      Sept 30, 2002
                                                           ------------  ------------  ------------  ------------  ------------
<S>                                                        <C>           <C>           <C>           <C>           <C>
Cash Flows from Operating Activities

             Net (Loss)                                    $     (6,782) $     (1,940) $     (3,275) $     (3,485) $    (14,542)

             Adjustments to reconcile net loss to cash
             (used) in operating activities

             Changes in assets and liabilities

                  Accounts Payable                                    0             0             0         1,000         2,000

                  Officers Notes Payable                              0             0             0        (1,000)            0

                  Officers Advances Payable                         200         1,650         2,980         1,000         3,980
                                                           ------------  ------------  ------------  ------------  ------------
               Net Cash (used) in operating results              (6,582)         (290)         (295)       (2,485)       (8,562)

Cash Flows from Financing Activities
              Proceeds from issuance of stock                    15,050             0             0             0        17,050
                                                           ------------  ------------  ------------  ------------  ------------

Net increase (decrease) in cash                                   8,468          (290)         (295)       (2,485)        8,488

Cash at Beginning of Period                                          20           315           315         2,800             0
                                                           ------------  ------------  ------------  ------------  ------------
Cash at End of Period                                      $      8,488  $         25  $         20  $        315  $      8,488

                                                     See accompanying notes

                                                                7
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<PAGE>



                               MEDINA COFFEE, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             Sept 30, 2002 and 2001
                                   (Unaudited)

Notes 1 - History and Organization of the Company

The Company was organized October 4, 1999, under the laws of the State of Nevada
as Medina Copy, Inc. The Company currently has no operations and, in accordance
with SFAS # 7 is considered a development stage company.

On October 4, 1999, the Company issued 900,100 shares of its $0.001 par value
common stock for cash of $1,800. On November 30, 2001, the Company issued 2,000
shares of its $0.001 par value common stock for cash of $200. On February 25,
2002, the Company issued 69,000 shares of its $0.001 par value common stock for
cash of $6,900. On March 15, 2002, the Company issued 81,500 shares of its
$0.001 par value common stock for cash of $8,150.

On October 6, 1999, the Company changed its name to Medina Coffee, Inc.

The Company has devoted substantially all of its present efforts to: (1)
researching the espresso cart industry; (2) searching the Puget Sound Area for
potential sites to place an espresso cart; (3) developing a business plan; and
(4) preparing an SB-1 prospectus offering to allow the Company to raise capital
and test the interest of investors in the espresso cart industry.

Note 2 - Accounting Policies and Procedures

The Company has not determined its accounting policies and procedures, except as
follows:

The Company uses the accrual method of accounting.

Earnings per share is computed using the weighted average number of shares of
common stock outstanding.

The Company has not yet adopted any policy regarding payment of dividends. No
dividends have been paid since inception.

In April 1998, the American Institute of Certified Public Accountant's issued
Statement of Position 98-5 ("SOP 98- 5"), Reporting on the Costs of Start-up
Activities which provides guidance of the financial reporting of start-up costs
and organization costs. It requires costs of start-up activities and
organization costs to be expensed as incurred. SOP 98-5 is effective for fiscal
years beginning after December 15, 1998, with initial adoption reported as the
cumulative effect of change in accounting principle.

The preparation of financial statements in conformity with generally accepted
accounting principles 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 revenue and expenses during the
reporting period. Actual results could differ from those estimates.

Note 3 - Warrants and Options

There are no warrants or options outstanding to issue any additional shares of
common stock of the Company.

Note 4 - Going Concern

The Company's financial statements are prepared using the 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 no current source of revenue. Without
realization of additional capital, it would

                                        8

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be unlikely for the Company to continue as a going concern. It is management's
plan to seek additional capital through further equity financing's and seeking
necessary bank loans.

Note 5 - Related Party Transactions

The Company neither owns nor leases any real or personal property. Office
services are provided without charge by Harry Miller, the sole officers and
director of the Company. Such costs are immaterial to the financial statements
and accordingly, have not been reflected therein. The sole officer and director
of the Company is involved in other business activities and may in the future,
become involved in other business opportunities. If a specific business
opportunity becomes available, he may face a conflict in selecting between the
Company and his other business interests. The Company has not formulated a
policy for the resolution of such conflicts.

Note 6 - Officers Advances

While the Company is seeking additional capital, an officer of the Company has
advanced funds to the Company to pay for costs incurred by it. These funds are
interest free. The balances due to Mr. Miller were $3,980 and $3,790 on Sept 30,
2002 and Sept 30, 2001 respectively.

Note 7 - Officers Notes Payable

Mr. Harry Miller loaned the Company, $1,000 on October 5, 1999, $510 on June 11,
2001, $2,000 on June 18, 2001, $140 on September 14, 2001 and $1,000 on
September 17, 2001 to cover legal costs and filing fees associated with
incorporating the Company. The loan is evidenced by way of a promissory note,
the note carries no interest and is payable in five years. The balance due to
Mr. Miller were $0 and $0 on September 30, 2002 and 2001 respectively.

Note 8 - Subsequent Events

In July 2002 Medina Coffee purchased an espresso cart. The car is presently
located at the Bellevue Art Museum. The City of Bellevue permitting process has
been completed and an agreement with the Bellevue Art Museum is scheduled to be
implemented in early November.

The agreement will include a cost and profit sharing arrangement between Medina
Coffee and Bellevue Art Museum. Also, Medina Coffee will manage operation of the
Bellevue Art Museum cafe. .





                                        9

<PAGE>


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

        ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

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


General

            The following discussion and analysis should be read in conjunction
with the financial statements, including the notes thereto, appearing elsewhere
in this document.

Overview

            Since Medina was formed on October 4, 1999, Medina has been involved
in research and development of a an espresso cart based business. During this
time, there have been no revenues from operations. Without revenues to offset
expenditures, Medina has reported a loss in each of its years of existence. To
September 30, 2002, Medina has financed its operations through a private
placement and loans from its sole shareholder. Medina raised $15,500 in a
registered offering during the quarter ended March 31, 2002. Medina has not
raised any further capital since that date.

            During the quarter ended September 30, 2002, Medina has continued to
work with the Bellevue Art Museum in finalizing a written agreement. In July the
Bellevue Art Museum entered into a verbal agreement with Medina. Under the terms
of this agreement Medina will set up an espresso cart outside the Bellevue Art
Museum and takeover the management of the 510 Cafe located inside the Bellevue
Art Museum.

            Medina obtained and delivered its first espresso cart to the
Bellevue Art Museum on July 30, 2002. This cart has remained in storage awaiting
the signing of a written agreement between the parties. Medina has obtained and
is currently in the process of obtaining all remaining permits necessary to
operate the espresso cart at the Bellevue Art Musuem. The 510 Cafe is currently
operational and Medina will take over its management on signing of the formal
written agreement between the parties.

Plan of Operation

            Medina has achieved items one and two, of its original Plan of
Operation. During the next nine months Medina expects to focus on the following:


     1.   Establish an operations procedural manual to ensure that each espresso
          cart/cafe provides a consistent quality product and a superior level
          of customer service.
     2.   Increase the awareness of the local community of Medina's operations
          through marketing and promotions.
     3.   Evaluate the operating success of the first espresso cart in first
          three months of from date of operation and fine tune operation
          procedures and future growth plans.
     4.   Determine the number of feasible locations in which espresso carts
          will be placed.

            Given the delays experienced in establishing its first location,
Medina has scaled back its expectations in opening up additional espresso carts
in the Bellevue, Medina and Seattle area over the next twelve month period.
Instead of five additional espresso cart locations Medina hopes to open at least
two additional location in the next twelve month period.


                                       10

<PAGE>



            Medina anticipates the following expenditures over the next three
months:


Labor for three months(1)                         $ 2,000
Rent or lease expenses (nine months)(2)           $     0
Miscellaneous                                     $ 1,000
                                                  -------
                        Total cost:               $11,195
                                                  =======


     2.   Labor costs are higher than originally anticipated as Medina
          anticipates it will need three employees to operate the espresso cart
          and 510 Cafe. One employee will be full time and two will be part
          time.
     3.   Medina does not pay a rent to the Bellevue Art Museum in connection
          with its espresso cart operations. Instead, Medina has agreed to share
          50% of any profits after expenses obtained from operating at this
          location.

            Medina's plans over the next twelve months will require substantial
capital investment. The monies raised in Medina's recent registered offering
will not be sufficient to finance Medina's operation over the next twelve
months. Management of Medina estimates it will need a minimum of $50,000 over
the next twelve months to implement its revised business strategy.

            Medina intends to pay for its expansion using cash generated from
sales of operating espresso carts, capital stock, notes and/or assumption of
indebtedness. There can be no assurance, however, that sales from operation will
materialize or that Medina will be able to secure financing on terms
satisfactory to Medina, if at all. Failure by Medina to obtain sufficient
additional capital in the future will limit or eliminate Medina's ability to
implement its business strategy. Future debt financings, if available, may
result in increased interest and amortization expense, increased leverage,
decreased income available to fund further acquisitions and expansion, and may
limit Medina's ability to withstand competitive pressures and render Medina more
vulnerable to economic downturns. Future equity financings may dilute the equity
interest of existing stockholders.

Nine months ended September 30, 2002 versus Nine months ended September 30, 2001

Results of Operations.
---------------------

As of September 30, 2002 Medina's only activity has involved the continued
investigation of the feasibility and opportunity of an espresso cart business in
various areas of the Puget Sound, the completion of its Form SB-1 registered
offering, its initial negotiations for two possible site locations in Bellevue,
Washington, and the acquisition of its first espresso cart.

Revenue.
-------

            Medina has had no revenue since inception. Medina expects to start
generating a modest revenue in the near future when Medina's first espresso cart
is operational and Medina takes over the management of the 510 Cafe at the
Bellevue Art Museum.

Loss Per Period/General and Administrative Expenses.
---------------------------------------------------

            Medina's net loss for the nine months ended September 30, 2002 was
$6,782 or approximately $4,842 more than recorded for the same period in 2001.
The majority of the costs and expenses Medina has incurred over the last three
months have been related to the registered financing of Medina and the cost of
compliance with SEC filing requirements as a 12g reporting company. The majority
of these costs and expenses have been covered by the funds received from
Medina's registered offering.




                                       11

<PAGE>



Liquidity and Capital  Resources.
--------------------------------

            As of September 30, 2002 Medina had $4,482 in cash, and $5,980 in
liabilities of which $3,980 is a promissory note to Mr. Miller. The note carries
no interest and is payable in five years. Medina acquired its first coffee cart
for a cost of $4,006. This is the sole asset of Medina. During the quarter ended
March 31, 2002, Medina received $15,050 from the sales of its equity securities
under a registered offering. Medina did not sell any further securities in the
quarter ended September 30, 2002.


Recent Accounting Pronouncements

            In June 1998, the FASB issued SFAS 133, "Accounting for Derivative
Instruments and Hedging Activity," which was subsequently amended by SFAS 137,
"Accounting for Derivative Instruments and Hedging Activities: Deferral of
Effective Date of FASB 133" and Statement No.138, "Accounting for Certain
Derivative Instruments and Certain Hedging Activities: an amendment of FASB
Statement No. 133." SFAS 137 requires adoption of SFAS 133 in years beginning
after June 15, 2000. SFAS 138 establishes accounting and reporting standards for
derivative instruments and addresses a limited number of issues causing
implementation difficulties for numerous entities. The Statement requires us to
recognize all derivatives on the balance sheet at fair value. Derivatives that
are not hedges must be recorded at fair value through earnings. If the
derivative qualifies as a hedge, depending on the nature of the exposure being
hedged, changes in the fair value of derivatives are either offset against the
change in fair value of hedged assets, liabilities, or firm commitments through
earnings or are recognized in other comprehensive income until the hedged cash
flow is recognized in earnings. The ineffective portion of a derivative's change
in fair value is recognized in earnings. The Statement permits early adoption as
of the beginning of any fiscal quarter. SFAS 133 will become effective for our
first fiscal quarter of fiscal year 2002 and we do not expect adoption to have a
material effect on our financial statements.

            In December 1999, the SEC issued SAB 101, "Revenue Recognition in
Financial Statements." SAB 101 summarizes certain aspects of the staff's views
in applying generally accepted accounting principles to revenue recognition in
financial statements. On March 24, 2000 and June 26, 2000, the SEC issued Staff
Accounting Bulletin No. 101A and No. 101B, respectively, which extend the
transition provisions of SAB 101 until no later than the fourth quarter of
fiscal years beginning after December 15, 1999, which would be December 31, 2000
for us.

            In March 2000, the FASB issued FIN 44, Accounting for Certain
Transactions Involving Stock Compensation - an Interpretation of APB No. 25,
Accounting for Stock Issued to Employees". This Interpretation clarifies (a) the
definition of employee for purposes of applying Opinion 25, (b) the criteria for
determining whether a plan qualifies as a non-compensatory plan, (c) the
accounting consequences of various modifications to the terms of a previously
fixed stock option or award, and (d) the accounting for an exchange of stock
compensation awards in a business combination. This Interpretation is effective
July 1, 2000, but certain conclusions in this Interpretation cover specific
events that occur after either December 15, 1998, or January 12, 2000. To the
extent that this Interpretation covers events occurring during the period after
December 15, 1998, or January 12, 2000, but before the effective date of July 1,
2000, the effects of applying this Interpretation are recognized on a
prospective basis from July 1, 2000.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995

            This Form 10-QSB report may contain certain "forward-looking"
statements as such term is defined in the Private Securities Litigation Reform
Act of 1995 or by the Securities and Exchange Commission in its rules,
regulations and/or releases, which represent our expectations or beliefs,
including but not limited to, statements concerning our economic performance,
financial condition, growth and marketing strategies, availability of additional
capital, ability to attract suitable personal and future operational plans. For
this purpose, any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. Without limiting
the generality of the foregoing, words such as "may," "will," "expect,"
"believe," "anticipate," "intend," "could," "estimate," "might," or "continue"
or the negative or other variations thereof or comparable terminology are
intended to identify forward-looking statements. These statements by their
nature involve substantial risks and uncertainties, certain of which are beyond
our control, and actual results may differ materially depending on a variety


                                       12

<PAGE>



of important facts, including but not limited to those risk factors Company's
Amended Registration Statement on Form SB-1 filed with the Securities and
Exchange Commission on January 8, 2002.


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

       ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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


            Medina's primary market risk exposure is that of interest rate risk
on borrowings under our credit lines, which are subject to interest rates based
on the banks' prime rate, and a change in the applicable interest rate that
would affect the rate at which we could borrow funds or finance equipment
purchases.


                           PART II - OTHER INFORMATION
                           ---------------------------


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

                            ITEM 1. LEGAL PROCEEDINGS

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


            To Medina's knowledge, no lawsuits were commenced against Medina
during the quarter ended September 30, 2002, nor did Medina Commence any
lawsuits during the same period.

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

                ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

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


Changes in Securities

            None.

Recent Sales of Unregistered Securities

            None.


Recent Sales of Registered Securities

            None.

Use of Proceeds

            Not applicable.

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

                     ITEM 3. DEFAULTS UPON SENIOR SECURITIES

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


            Not applicable.

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

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

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


            Not applicable.


                                       13

<PAGE>



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

                            ITEM 5. OTHER INFORMATION

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


            Not applicable.

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

                    ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

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


(a)         Reference is made to the Index of Exhibits included herein.

(b)         Reports on Form 8-K.

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

                                   SIGNATURES

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



            Pursuant to the requirements 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.


MEDINA COFFEE, INC.
-------------------
(Registrant)



Date:     November 13 , 2002          By:   /s/ Harry Miller/
      ------------------------------       -------------------------------------
                                             Harry Miller
                                             Chief Executive Officer, President,
                                             Secretary
                                             and Director


                                       14

<PAGE>


                               MEDINA COFFEE, INC

                                INDEX TO EXHIBITS



Exhibits


Exhibit Number       Description

3.1  *               Articles of Incorporation filed on October 4, 1999 with the
                     Secretary of The State of Nevada;
3.2 *                Certificate of Amendment filed October 6, 1999 with the
                     Florida Department of State to change name;
3.3   *              By-laws as Adopted on October 5, 1999.
4 *                  Subscription Agreement
10.1 *               Promissory Note dated October 5, 2000
10.2 *               Consent of Accountant
11.1 *               Opinion Re Legality
11.2 *               Consent of Attorney

 *Documents Incorporated by Reference

(1)  Documents previously filed as exhibits to Form 10SB as filed on April 25,
     2002 and incorporated herein by this reference.























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