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


                                   FORM 10-QSB

(Mark One)

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

                  For the quarterly period ended March 31, 2003
                                                 --------------

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

         For the transition period from __________ to _________

                         Commission file Number 0-31403
                   ------------------------------------------


                          INTERNATIONAL SURFACING, INC.
                          -----------------------------
                 (Name of Small Business Issuer in its charter)

            DELAWARE                                      152-2257557
(State or other jurisdiction of incorporation (IRS Employer Identification No.)
               or organization)

5 Erie Street, Garfield, New Jersey                       07026
-----------------------------------                      -------
 (Address of principal executive offices)               (Zip code)

Issuer's telephone number: (973) 253-6131

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS 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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 25,500,000 Shares of Common Stock

Transitional Small Business Disclosure Format (Check One): Yes [  ] No [X]

                                       1
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                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.

                          INTERNATIONAL SURFACING, INC.
                                  BALANCE SHEET
                                    31-Mar-03

<TABLE>
<CAPTION>
                                      ASSETS

<S>                                                                   <C>            <C>
  Current Assets
              Cash                                                    2,668.33

                           Total Current Assets                                      2,668.33

  Fixed Assets
              Fixed Assets-Computer                                   1,475.00
              Fixed Assets-Leasehold Imp                              7,031.00
              Accum Depreciation-Computer                              (164.00)
              Accum Depreciation-Leaseh. Imp                           (585.00)
                           Total Fixed Assets                                        7,757.00

  Other Assets
              Security deposits                                       5,000.00
                           Total Other Assets                                       5,000.00
                                                                                    --------

                           TOTAL ASSETS                                            15,425.33
                                                                                   ---------

                                      LIABILITIES

  Current Liabilities
              Accrued Liabilities                                   119,393.00
                           Total Current Liabilities                               119,393.00

                           TOTAL LIABILITIES                                       119,393.00

                                        CAPITAL
              Capital Stock                                           2,550.00
              Add'l Paid in Capital                                 123,420.00
              Accumulated Deficit                                  (230,045.00)
                                                                   ------------
                           TOTAL CAPITAL                                          (104,075.00)
                                                                                  ------------

                           TOTAL LIABILITIES & CAPITAL                             15,318.00
                                                                                   ---------

</TABLE>


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                          INTERNATIONAL SURFACING, INC.
                          (A Development Stage Company)

                       Consolidatd Statement of Operations
                        Three Months Ended March 31, 2003


                                                        3 months ended
                                                        March 31, 2003
Expenses:
              General and administrative                      $131,274
              Depreciation                                         236
              Other expenses                                     5,228
                                                                 -----

              Net loss                                        $136,738

              Basic and fully diluted loss
              per common share                                  $0.001

              Average weighted number of
              shares outstanding                            25,500,996

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Item 2.  Management's Discussion and Analysis or Plan of Operation.

PLAN OF OPERATIONS

Critical Accounting Policies

The Company has defined a critical accounting policy as one that is both
important to the portrayal of the Company's financial condition and results of
operations and requires the management of the Company to make difficult,
subjective or complex judgments. Estimates and assumptions about future events
and their effects cannot be perceived with certainty. The Company bases its
estimates on historical experience and on various other assumptions that are
believed to be reasonable under the circumstances, the results of which form the
basis for making judgments.

These estimates may change as new events occur, as more experience is acquired,
as additional information is obtained and as the Company's operating environment
changes. We have identified the policies below as critical to our business
operations and the understanding of our Plan of Operations.

In the ordinary course of business, we have made a number of estimates and
assumptions relating to the reporting of results of operations and financial
condition in the preparation of our financial statements in conformity with
generally accepted accounting principles. Actual results could differ
significantly from those estimates under different assumptions and conditions.
We believe that the following discussion addresses our most critical accounting
policies, which are those that are most important to the portrayal of our
financial condition and results of operations and require our most difficult,
subjective, and complex judgments, often as a result of the need to make
estimates about the effect of matters that are inherently uncertain.

Going Concern Uncertainties

The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles, which contemplate continuation of the
Company as a going concern. However, the Company has experienced operating
losses and negative cash flows since inception. The Company's continued
existence is dependent upon its ability to generate operating revenues and/or
obtain additional equity or debt financing.


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                               PLAN OF OPERATIONS

         Overview

         ISI was founded to develop, manufacture, market and distribute unique
rubber horseshoes and related services. We recognized an opportunity to develop
a product that will take less of a toll on the legs of horses as compared to
conventional iron or aluminum shoes. We expect our Product to be attractive to
horses of any type. The Company's initial market is the horseracing industry;
however, the Product can be used on any horse. After the StealthShoe(TM) becomes
established in the horseracing industry, we intend to broaden our market to
include shoes for horses used in an urban setting, such as police horses and
carriage horses, shoes for therapeutic purposes for lame horses and shoes for
the general horse owner market.

         After two years of research and development by ISI's founders, the
Company has tested its StealthShoe(TM) Product in actual racing conditions, with
favorable results. The Company is moving to increase its pool of research
subjects to study the strength and wear characteristics of its Product. Through
its ongoing research and development, ISI expects to continue to improve its
Products and eventually move into commercial production. To date, the Company
has given its Product to certain horse trainers in the New York City
Metropolitan area in return for test data and reports from users. The test
subjects have been trotters and pacers trained and raced in the New York City
area. Currently, over twenty-eight horses are using the StealthShoe(TM) in
training and racing conditions.

         The Company's Product consists of two layers of material, bonded in a
proprietary way. The StealthShoe(TM) has an aluminum substrate and an outer face
of tire-grade rubber. We believe that the rubber layer protects the horse's legs
by cushioning the impact of each step.

         Over the next six months, ISI intends to complete research and testing
and rollout its first commercial Product at racetracks in the eastern United
States. ISI intends to continually update and refine its Products and services
to increase customer satisfaction.

         Liquidity and Capital Resources

         On the date of this Report, ISI has cash resources of approximately
$2,560, with currently due expenses of $119,393, including normal trade
payables. These expenses include salaries, rent, and general operating expenses.
Based on ISI's existing expenses, ISI will need to raise approximately $650,000
in new capital to fund six months of operations if ISI generated no revenues
from operations.

         In the next nine months, however, ISI plans to expand its operations
greatly. ISI may need to hire additional administrative and customer service
personnel as part of this expansion. To the extent ISI receives net proceeds
from the exercise of Options and the sales of its debt or equity securities,
this will increase the Company's working capital.

         ISI has significant capital needs, which to date ISI has met through
private sales of its debt and loans. ISI will continue to need substantial
infusions of capital, which it expects to continue to fund primarily from
private sales of its equity and loans, or by a public offering of its equity or
debt securities.

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INCOME TAXES

There is no current or deferred tax expense for the period from January 1, 2002
to December 31, 2002 due to net losses from operations by the Company.

NET LOSS

We have incurred net losses from operations since our inception. The loss for
the three month period ending March 31, 2003 was approximately $(131,510). The
net loss consists of working capital, general and administrative expenses and
research expenses. We anticipate that these expenses will continue to increase
in the remainder of 2003 and beyond, as we engage more officers, directors and
employees. To the extent that we are unable to secure additional external
financing, and/or generate cash revenue from operations, our results and ability
to continue as an ongoing concern may be materially adversely affected.

Our primary source of capital since inception has been the sale of promissory
notes to investors and cash invested by our principal stockholders.

CAPITAL EXPENDITURES

We require funding primarily for computer hardware and software, research and
development, prototypes, furniture, fixtures and equipment and general working
capital needs. Substantially all of our capital expenditures have been paid for
by our principal stockholders or the sale of convertible notes.



MATERIAL COMMITMENTS FOR CAPITAL EXPENDITURES

We have no material commitments budgeted for the remainder of 2003.


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                            PART 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 Matters to a Vote of Security Holders.

None.

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

Exhibit
No
--

(3)      Articles of Incorporation and Bylaws

         3.1      Articles of Incorporation +
         3.2      Bylaws +


(10) 8K filings Incorporated Herein By Reference 10.1 Name Change to
International Surfacing, Inc. filed July 1, 2003 10.2 Changes in Registrant's
certifying accountant filed July 1, 2003 10.3 Changes in Control of registrant
filed July 1, 2003

(21)     Subsidiaries of the Registrant

         21.1     Subsidiaries of the Registrant +

--------
+ Filed with the Company's initial filing on Form SB-2 filed May 24, 2003.
++Filed herewith

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                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has dully caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

International Surfacing, Inc.

Dated:  May 9, 2003

By:


/s/ Samuel Serritella
---------------------
President, Chief Executive Officer


/s/Andrew Abouyon
-----------------
Chief Financial Officer