<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

[ x ]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
            SECURITIES EXCHANGE ACT OF 1934
           For the quarterly period ending June 30, 2002

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

                         Commission file number 0-28015

COI SOLUTIONS, INC.
             (Exact name of registrant as specified in its charter)

         Nevada                                              86-0884116
         ------                                              ----------
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                           Identification No.)

                                6365 N.W. 6th Way
                                    Suite 160
                          Fort Lauderdale Florida.33065
                    (Address of principal executive offices)

Registrant's telephone number including area code: 954.252.2252

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

                                      None

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

                         Common shares, $0.001 par value

Indicate by check mark whether the registrant (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 [   ]

The number of common shares without par value outstanding on June 30, 2002 was
4,768,010 shares.



<PAGE>
<TABLE>

COI SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

<CAPTION>

                                  Three Month Period Ended       Six Month Period Ended
                                         June 30                        June 30
                                  2002            2001           2002           2001
------------------------------------------------------------------------------------------
<S>                          <C>             <C>             <C>             <C>
Revenue                      $         --    $         --    $         --    $         --
                             -------------   -------------   -------------   -------------

Expenses
   Bad debts                           --              --              --              --
   Management fees                 30,000          90,000          60,000         180,000
   Professional fees               42,000           6,874          48,500          38,774
   Consulting                     160,000          10,800         206,650          20,400
   Good will amortization          10,407          13,679          20,814          20,997
   Administrative                 111,786          28,361         119,916          46,233
                             -------------   -------------   -------------   -------------
                             $    354,193    $    149,714    $    455,880    $    306,404
                             =============   =============   =============   =============

Net earnings (loss)          $   (354,193)   $   (149,714)   $   (455,880)   $   (306,404)
  before minority interest

Minority interest                      --           9,000              --          51,088
                             -------------   -------------   -------------   -------------

NET EARNINGS (LOSS)          $   (354,193)   $   (140,714)   $   (455,880)   $   (255,316)

1Net earnings (loss)         $      (0.10)   $      (0.01)   $      (0.13)   $      (0.02)
per share                              --              --              --              --

Weighted average shares
   basic                        3,716,899      11,713,452       3,548,704      10,115,452
                             -------------   -------------   -------------   -------------
   diluted                      4,050,454      14,421,374       4,019,054      12,831,374
                             =============   =============   =============   =============
</TABLE>

See accompanying notes to the condensed financial statements.

                                                 2



<PAGE>

COI SOLUTIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEET
(Unaudited)                                          JUNE 30        December 31
                                                        2002               2001
-------------------------------------------------------------------------------
ASSETS
Current
   Cash                                             $    39,525     $     5,285
   Prepaid                                                   --              --
                                                    ------------    ------------
                                                         39,525           5,285
Prepaids                                                177,000         177,000
Deferred system development costs                       902,286         902,286
Goodwill, net of amortization of $25,876                161,373         182,187
Investment                                               67,315               1
                                                    ------------    ------------
                                                    $ 1,280,185     $ 1,266,758
                                                    ============    ============

LIABILITIES
Current
   Accounts payable and accrued liabilities         $   632,719     $   682,504
   Due to directors                                     161,616         151,574
   Loans payable                                        160,000         127,200
                                                    ------------    ------------
                                                        954,335         961,278
                                                    ------------    ------------

Minority Interest                                        18,542          18,542

SHAREHOLDERS' EQUITY
Capital stock                                             4,768           3,381
Additional paid in capital                            9,367,726       8,892,863
Deficit                                              (9,065,186)     (8,609,306)
                                                    ------------    ------------
                                                        307,308         286,938
                                                    ------------    ------------

                                                    $ 1,280,185     $ 1,266,758
                                                    ============    ============

See accompanying notes to the condensed financial statements.

                                        3



<PAGE>
<TABLE>

COI SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

<CAPTION>
                                                                      December 31
Six Months Ending June 30                                  2002           2001
----------------------------------------------------------------------------------
<S>                                                    <C>            <C>
Cash flows from (applied to)

   OPERATING
       Net earnings (loss)                             $  (455,880)   $(1,747,440)
       Services for stock                                  201,250      1,519,108
       Goodwill amortization                                20,814         41,623
       Minority Interest                                        --        (17,879)

       Changes in
           Prepaids                                             --        112,080
            Accounts payable and accrued liabilities       (49,785)       (83,340)
                                                       ------------   ------------
                                                          (283,601)      (175,848)
                                                       ------------   ------------

   FINANCING
       Loans payable                                        32,800         50,420
       Advance from directors                               10,041         71,531
         Issue of common shares                            275,000        228,000
                                                       ------------   ------------
                                                           317,841        349,951
                                                       ------------   ------------

   INVESTING
         Acquisition of Telemedica Group                        --       (228,000)
                                                       ------------   ------------
                                                                --       (228,000)

Net increase in cash during the period                      34,240        (53,897)

Cash, beginning of period                                    5,285         59,182
                                                       ------------   ------------

Cash, end of period                                    $    39,525    $     5,285
                                                       ============   ============
</TABLE>

See accompanying notes to the condensed financial statements.

                                        4



<PAGE>

COI SOLUTIONS, INC.
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
(Unaudited)
June 30, 2002
--------------------------------------------------------------------------------

1.     GENERAL

The unaudited condensed financial statements have been prepared on the same
basis as the audited financial statements and, in the opinion of management,
reflect all adjustments (consisting of normal recurring adjustments) necessary
for a fair presentation for each of the periods presented. The results of
operations for interim periods are not necessarily indicative of results to be
achieved for full fiscal years.

As contemplated by the Securities and Exchange Commission (SEC) under Rule 10-01
of Regulation S-X, the accompanying financial statements and related footnotes
have been condensed and do not contain certain information that will be included
in the Company's annual financial statements and footnotes thereto. For further
information, refer to the financial statements and related footnotes for the
year ended December 31, 2001 included in the Company's Annual Report on Form
10-KSB.

INCOME TAXES

Income taxes for the interim periods were computed using the effective tax rate
estimated to be applicable for the full fiscal year, which is subject to ongoing
review and evaluation by management. There are no income taxes for the current
year as the company has approximately $1,169,000 of net operating loss
carryforwards which expire in 2019.

LOSS PER SHARE

The Company reports earnings per share in accordance with the provisions of SFAS
No. 128, EARNINGS PER SHARE. SFAS No. 128 requires presentation of basic and
diluted earnings per share in conjunction with the disclosure of the methodology
used in computing such earnings per share. Basic earnings per share excludes
dilution and is computed by dividing income available to common shares by the
weighted average common shares outstanding during the period. Diluted earnings
per share takes into account the potential dilution that could occur if
securities or other contracts to issue common stock were exercised and converted
into common stock.

There were stock options outstanding at June 30, 2002, to purchase 501,750
shares of common stock (Year end 2001 - 439,250).

Basic weighted average shares outstanding for the period were 3,548,704 December
31,2001 - 3,380,510. Diluted average shares outstanding for the period were
4,019,454, December 31, 2001 - 3,819,760. The stock options were not included in
the compilation of diluted earnings per share because to do so would be
antidilutive.

CAPITAL STOCK

On April 1, 2002, 287,500 common shares were issued in exchange for fees owed to
a director and consultant at an issue price of $0.70 per share. There was no
cash consideration and the $201,250 has been charged as credit against accounts
payable and accrued liabilities on the consolidated balance sheet. $287 being
the par value, was credited to share capital and $200,963 was credited to
additional paid in capital.

June 26, 2002 1,100,000 common shares were issued for cash consideration of
$275,000. $1,100 being the par value of the shares, was credited to share
capital and the $273,900 was credited to additional paid in capital.

                                        5



<PAGE>

MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

General

These discussions contain forward-looking statements containing words such AS
WILL CONTINUE TO BE, WILL BE, CONTINUE TO, ANTICIPATES THAT, TO BE or CAN
IMPACT. Management cautions that forward-looking statements are subject to risks
and uncertainties that could cause the Company's actual results to differ
materially from those projected in forward looking statements.

COi Solutions was founded in 1997 as a consulting company offering the
Telecommunications / E-Business skills and experience of the principal founders
to clients in the finance, retail, travel / tourism and healthcare industries.
The company provided customized networking solutions that were critical to the
success of our clients' business models.

In 2000, the company decided to apply its experience in the burgeoning
E-Healthcare Industry and become an E-Health Service Provider. This plan to
shift from being a consultant to a service provider began with the development
its own Internet based platform to deliver a progressive suite of healthcare
applications to the underserved global expatriate marketplace. The first phase
has been to design and market health insurance, and then to progress to
providing access to other services such as a secure electronic health record,
healthcare remote diagnostic / advisory tools, healthcare reservations
management, etc. In all of its activities and projects the Company has partnered
with experts in the healthcare and insurance sectors and provided its expertise
to design and build the Internet based infrastructure for service delivery.

The Company has executed a Letter of Intent to acquire iCura International, a
Hong Kong based health and life insurance administration company. iCura has
negotiated a license arrangement to underwrite and support a customized set of
health and life insurance products targeted at the expatriate population.
iCura's insurance customer base is located largely in the Pacific Rim.

Approximately $180,000 has been provided by the Company to iCura to augment
operations in the areas of marketing programs and to establish an e-business
platform to support marketing, sales and administration. These funds were
provided in advance of the closing of the acquisition by the Company. The due
diligence is finalized and the final acquisition agreement is scheduled to be
completed in the third quarter.

For the quarter ended June 30, 2002, the Company continued its plan of directing
its efforts in the e-health industry with special focus on health insurance to
global expatriates. The acquisition of an additional 20% stake in the Telemedica
Group.Com, Inc. was completed in the second quarter of 2001. This brings the
equity position in this company to 95%. The seven remaining investors in the
Telemedica Group.Com, Inc. hold a 5% position with their total investment being
$57,000. The Company has a contract with the Telemedica Group.Com to build the
infrastructure of the company and to develop a web based platform that will
allow for the processes associated with the purchase and management of health
insurance for the global expatriate market to be managed on the Internet. The
health insurance application is now scheduled for launch in the fourth quarter
with revenue planned in the same quarter of 2002. In May, a Florida location was
selected to accommodate operational requirements of the Company. While the
Company has begun to utilize the space, it has not entered into a final lease
agreement for the space.

SALES

There was no revenue in this reporting period. The company is directing all of
its efforts to its commitment to complete the iCura acquisition and associated
product development resulting in planned revenue in the forth quarter of 2002.

COSTS AND EXPENSES

Expenses for the quarter ended June 31, 2002 were $354,953 compared to $149,714
for the same period of 2001, an increase of $204,479. The increase was mainly
due to administrative and development costs associated with the iCura product
line in order for iCura to meet its commitments for delivery of the life and
health insurance in the Pacific Rim in the forth quarter.

                                        6



<PAGE>

MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS (cont'd)

FINANCIAL CONDITION AND LIQIDITY

As of June 30, 2002 the Company had $39,525 in cash. $275,000 in capital was
raised though a private placement and the issue of 1,100,000 common shares from
the treasury. Subsequent to the June 30, 2002, additional private placement
funds have been received to allow for the continuing costs related to product
development. Future funds required to carry out management's plans are expected
to be derived from insurance portfolio revenue and issues of capital stock.
There can be no assurance that the Company will be successful in executing its
plans.

                                        7



<PAGE>

                                     PART II

Item 1.  Legal Proceedings

                  The Securities and Exchange Commission has brought an action
against the company in the US District Court for the Southern District of
Florida, case #02-CV-80767. The Company has not been served with the lawsuit and
has not yet reviewed its contents.

Item 2.  Change in Securities and Use of Proceeds

                  During the quarter the company sold 1,100,000 shares of common
stock for a total consideration of $275,000 to private investors. The sales were
made pursuant to the exemptions from registration contained in Section 4(2) of
the Securities Act of 1933 as amended. Such securities carry a restrictive
legend.

Item 3.  Default Upon Senior Securities

                  None

Item 4.  Submission of Matters to a Vote of Security Holders

                  None.

Item 5.  Other Information

 A former CEO of the Company, currently acting as a consultant to the Company,
has been indicted and charged with securities violations and wire fraud. The
Company has put on hold the consultant's daily activities for the Company,
pending resolution of the above mentioned legal proceedings. The Company
believes that this will have a material impact on its stock price and hurt its
ability to raise additional capital if needed. However, the Company intends to
move forward with its business plan.

Item 6.  Exhibits and Reports on Form 8-K

       (b) On May 4, 2002, a FORM 8-K/A was filed to disclose the change in
corporate certifying Accountant from Grant Thornton to the engagement of Marvin
B. Seidman, CPA.

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 thereto duly authorized.

     Dated this 27th day of August, 2002.

                              COI SOLUTIONS, INC.

                              BY:  /s/ Geeta Naipaul-Denton
                                   ----------------
                                   Geeta Naipaul-Denton,
                                   President and a Member of the
                                   Board of Directors

                                        8