<PAGE>
                      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

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

                    For the quarter ended: March 31, 2001

                      Commission file number 000-31449

                             Alpha Centari, Inc.
            (Exact name of registrant as specified in its charter)

            Texas                                             75-2877876
         ------------                                  -----------------
 (State or other jurisdiction of                           (I.R.S. Employer
 incorporation or organization)                           Identification No.)

            1353 Middleton Dr.
            Cedar Hill, Texas                                     75104
      -----------------------------                         -----------------
 (Address of principal executive offices)                       (zip code)

                 Issuer's Telephone Number:    (972) 293-1115

        Securities registered under Section 12(b) of the Exchange Act:
                                      None

        Securities registered under Section 12(g) of the Exchange Act:
                         Common Stock, $.001 par value
                                (Title if Class)

Indicate by check mark whether the registrant (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the last 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

Indicate the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

    As of March 31, 2000, there were 5,000,000 shares of common stock
outstanding.




ITEM 1.   FINANCIAL STATEMENTS
<PAGE>
<TABLE>
<CAPTION>
                              ALPHA CENTARI, INC.
                         (A Development Stage Company)
                                 BALANCE SHEET



                                                          March 31,         December 31,
                                                            2001                2000
                                                       ______________      ______________
                                                        (Unaudited)
<S>                                                    <C>                 <C>
ASSETS                                                 $        -          $        -
                                                       ==============      ==============


LIABILITIES AND STOCKHOLDER'S EQUITY
     Liabilities                                       $        -          $        -
                                                       ______________      ______________

STOCKHOLDER'S EQUITY
Common Stock, $0.001 par value;
    100,000,000 shares authorized,
    5,000,000 shares issued and outstanding                   5,000               5,000
Additional paid-in capital                                    1,000                 500
Deficit accumulated during
   the development stage                                     (6,000)             (5,500)
                                                       ______________      ______________

   Total stockholder's equity                                   -                   -
                                                       ______________      ______________

        Total liabilities and stockholder's equity     $        -          $        -
                                                       ==============      ==============

</TABLE>

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


                                    - 1 -
<PAGE>
<TABLE>
<CAPTION>
                              ALPHA CENTARI, INC.
                         (A Development Stage Company)
                            STATEMENT OF OPERATIONS


                                                                                             March 27,
                                                           Three Months    Three Months         2000
                                                               Ended           Ended       (Inception) to
                                                             March 31,       March 31,       March 31,
                                                               2001            2000            2001
                                                           _____________   _____________   _____________
                                                            (Unaudited)     (Unaudited)     (Unaudited)
<S>                                                        <C>             <C>             <C>
Revenue                                                    $       -       $       -       $       -


General and administrative expenses                                500           5,000           6,000
                                                           _____________   _____________   _____________

Loss from operations before provision for income taxes         (   500 )     (   5,000 )     (   6,000 )


Provision for income taxes                                         -               -               -
                                                           _____________   _____________   _____________

Net loss                                                   $   (   500 )   $ (   5,000 )   $ (   6,000 )
                                                           =============   =============   =============

Net loss per share - basic and diluted                     $       -       $       -       $       -
                                                           =============   =============   =============

Weighted average number of common shares
 outstanding                                                 5,000,000       5,000,000       5,000,000
                                                           =============   =============   =============

</TABLE>

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


                                    - 2 -
<PAGE>
<TABLE>
<CAPTION>
                              ALPHA CENTARI, INC.
                         (A Development Stage Company)
                            STATEMENT OF CASH FLOWS


                                                                                             March 27,
                                                           Three Months    Three Months         2000
                                                               Ended           Ended       (Inception) to
                                                             March 31,       March 31,       March 31,
                                                               2001            2000            2001
                                                           _____________   _____________   _____________
                                                            (Unaudited)     (Unaudited)     (Unaudited)
<S>                                                        <C>             <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES
     Net loss                                              $    (  500 )   $  (  5,000 )   $  (  6,000 )
     Stock issued for services                                     -             5,000           5,000
     Expenses paid by shareholder                                  500             -             1,000
                                                           _____________   _____________   _____________
NET CASH USED IN OPERATING ACTIVITIES                              -               -               -


CASH AND CASH EQUIVALENTS - beginning of period                    -               -               -
                                                           _____________   _____________   _____________

CASH AND CASH EQUIVALENTS - March 31, 2001                 $       -       $       -       $       -
                                                           =============   =============   =============

</TABLE>

SUPPLEMENTAL INFORMATION:
     During the period March 27, 2000 (inception) to March 31, 2001, the
     Company paid no cash for interest or income taxes.












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


                                    - 3 -
<PAGE>
<TABLE>
<CAPTION>
                              ALPHA CENTARI, INC.
                         (A Development Stage Company)
                       STATEMENT OF STOCKHOLDER'S EQUITY
                  MARCH 27, 2000 (INCEPTION) TO MARCH 31, 2001

                                                                                       Deficit
                                                                                     Accumulated
                                                                          Additional  During the
                                                       Common Stock        Paid-in   Development
                                                    Shares      Amount     Capital      Stage       Total
                                                  __________  __________  __________  __________  __________
<S>                                               <C>         <C>         <C>         <C>         <C>
Balance, March 27, 2000                                  -    $      -    $      -    $      -    $      -


Issuance of shares for services - March 27, 2000  5,000,000       5,000          -           -        5,000


Expenses paid by shareholder                             -           -          500          -          500


Net loss                                                 -           -           -       (5,500)     (5,500)
                                                  __________  __________  __________  __________  __________

Balance, December 31, 2000                        5,000,000   $   5,000   $     500   $  (5,500)  $      -


Expenses paid by shareholder (unaudited)                 -           -          500          -          500


Net loss (unaudited)                                     -           -           -       (  500)     (  500)
                                                  __________  __________  __________  __________  __________

Balance, March 31, 2001 (unaudited)               5,000,000   $   5,000   $   1,000   $  (6,000)  $      -
                                                  ==========  ==========  ==========  ==========  ==========


</TABLE>






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


                                    - 4 -
<PAGE>
                               ALPHA CENTARI, INC.
                         (A Development Stage Company)
                         NOTES TO FINANCIAL STATEMENTS
                                MARCH 31, 2001



NOTE 1 -DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Nature of Operations
     --------------------
     Alpha Centari, Inc. (the "Company") is currently a development-stage
     company under the provisions of the Financial Accounting Standards Board
     ("FASB") Statement of Financial Accounting Standards ("SFAS") NO. 7.
     The Company was incorporated under the laws of the state of Texas on
     March 27, 2000.

     Interim Financial Information
     -----------------------------
     The accompanying unaudited interim financial statements have been
     prepared by the Company, in accordance with generally accepted
     accounting principles pursuant to Regulation S-B of the Securities and
     Exchanges Commission.  Certain information and footnote disclosures
     normally included in audited financial statements prepared in accordance
     with generally accepted accounting principles have been condensed or
     omitted.  Accordingly, these interim financial statements should be read
     in conjunction with the Company's financial statements and related notes
     as contained in Form 10-KSB for the year ended December 31, 2000.  In
     the opinion of management, the interim financial statements reflect all
     adjustments, including normal recurring adjustments, necessary for fair
     presentation of the interim periods presented.  The results of
     operations for the three months ended March 31, 2001 are not necessarily
     indicative of results of operations to be expected for the full year.

                                    - 5 -
<PAGE>
ITEM  2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

The Company has registered its common stock on a Form 10-SB registration
statement filed pursuant to the Securities Exchange Act of 1934 (the "Exchange
Act") and Rule 12(g) thereof.  The Company files with the Securities and
Exchange Commission periodic and episodic reports under Rule 13(a) of the
Exchange Act, including quarterly reports on Form 10-QSB and annual reports
Form 10-KSB. As a reporting company under the Exchange Act, the Company may
register additional securities on Form S-8 (provided that it is then in
compliance with the reporting requirements of the Exchange Act) and on Form
S-3 (provided that is has during the prior 12 month period timely filed all
reports required under the Exchange Act), and its class of common stock
registered under the Exchange Act may be traded in the United States
securities markets provided that the Company is then in compliance with
applicable laws, rules and regulations, including compliance with its
reporting requirements under the Exchange Act.

We are currently seeking to engage in a merger with or acquisition of an
unidentified foreign or domestic company which desires to become a reporting
("public") company whose securities are qualified for trading in the United
States secondary market. We meet the definition of a "blank check" company
contained in Section (7)(b)(3) of the Securities Act of 1933, as amended. We
have been in the developmental stage since inception and have no operations to
date. Other than issuing shares to our original stockholders, we have not
commenced any operational activities.

We will not acquire or merge with any entity which cannot provide audited
financial statements at or within a reasonable period of time after closing of
the  proposed transaction.  We are subject to all the reporting requirements
included in the Exchange Act. Included in these requirements is our duty to
file audited financial statements as part of our Form 8-K to be filed with the
Securities and Exchange Commission upon consummation of a merger or
acquisition, as well as our audited financial statements included in our
annual report on Form 10-K (or 10-KSB, as applicable).  If such audited
financial statements are not available at closing, or within time parameters
necessary to insure our compliance with the requirements of the Exchange Act,
or if the audited financial statements provided do not conform to the
representations made by the target business, the closing documents may provide
that the proposed transaction will be voidable at the discretion of our
present management.

We will not restrict our search for any specific kind of businesses, but may
acquire a business which is in its preliminary or development stage, which is
already in operation, or in essentially any stage of its business life. It is
impossible to predict at this time the status of any business in which we may
become engaged, in that such business may need to seek additional capital, may
desire to have its shares publicly traded, or may seek other perceived
advantages which we may offer.



A business combination with a target business will normally involve the
transfer to the target business of the majority of our common stock, and the
substitution by the target business of its own management and board of
directors.

We have, and will continue to have, no capital with which to provide the
owners of business opportunities with any cash or other assets. However,
management believes we will be able to offer owners of acquisition candidates
the opportunity to acquire a controlling ownership interest in a publicly
registered company without incurring the cost and time required to conduct an
initial public offering. Our officer and director has not conducted market
research and is not aware of statistical data to support the perceived
benefits of a merger or acquisition transaction for the owners of a business
opportunity.

<PAGE>
Our Officer and Director has agreed that they will advance any additional
funds which we need for operating capital and for costs in connection with
searching for or completing an acquisition or merger. Such advances will be
made without expectation of repayment unless the owners of the business which
we acquire or merge with agree to repay all or a portion of such advances.
There is no minimum or maximum amount the Officer and Director will advance to
us.  We will not borrow any funds for the purpose of repaying advances made by
such Officer and Director, and we will not borrow any funds to make any
payments to our promoters, management or their affiliates or associates.


PART II -- OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

There are no legal proceedings against the Company and the Company is unaware
of such proceedings contemplated against it.

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

     Not applicable.

ITEM 5.   OTHER INFORMATION

     Not applicable.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

Exhibits

There were no exhibits filed by the Company during the quarter.

Reports on Form 8-K

There were no reports on Form 8-K filed by the Company during the quarter.




                                 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.


                              ALPHA CENTARI, INC.

                              By:_/s/ Neva A. Marion
                                   Neva A. Marion, President

Dated:    May 16, 2001