U.S. 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 September 30, 2002

[ ]  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 0-32375

                             AUTEC ASSOCIATES, INC.
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

           FLORIDA                                               65-0067192
 ------------------------------                               -----------------
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation of organization)                              Identification No.)

                             38 East Osceola Street
                              Stuart, Florida 34994
                     --------------------------------------
                    (Address of Principal Executive Offices)

                                 (561) 288-0666
                            -------------------------
                           (Issuer's telephone number)

                                       N/A
               ---------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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
            -----       -----
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

Class                                       Outstanding as of November 12, 2002
------                                      -------------------------------
Common Stock, no par value                            12,500,000

Transitional Small Business Disclosure Format (check one)

         Yes          No  X
            -----       -----

<PAGE>




PART I.  FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

         BALANCE SHEETS

         INTERIM STATEMENTS OF OPERATIONS

         INTERIM STATEMENTS OF CASH FLOWS

         NOTES TO INTERIM FINANCIAL STATEMENTS

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION            7

PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS                                                   12

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                           12

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                     12

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                 12

ITEM 5.  OTHER INFORMATION                                                   12

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                                    12

SIGNATURES                                                                   13

<PAGE>

PART 1. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS
-----------------------------

                            AUTEC ASSOCIATES INC.
                       (A DEVELOPMENTAL STAGE COMPANY)

                          INTERIM FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2002
                                   (Unaudited)



     Statements made in this Form 10-QSB that are not historical or current
facts are "forward-looking statements" made pursuant to the safe harbor
provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section
21E of the Securities Exchange Act of 1934. These statements often can be
identified by the use of terms such as "may," "will," "expect," "believe,"
"anticipate," "estimate," "approximate" or "continue," or the negative thereof.
The Company intends that such forward-looking statements be subject to the safe
harbors for such statements. The Company wishes to caution readers not to place
undue reliance on any such forward-looking statements, which speak only as of
the date made. Any forward-looking statements represent management's best
judgment as to what may occur in the future. However, forward-looking statements
are subject to risks, uncertainties and important factors beyond the control of
the Company that could cause actual results and events to differ materially from
historical results of operations and events and those presently anticipated or
projected. The Company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after the date of
such statement or to reflect the occurrence of anticipated or unanticipated
events.

                                       1

<PAGE>


<TABLE>
<CAPTION>

                                        AUTEC ASSOCIATES, INC.
                                            Balance Sheets


                                                            September 30,         December 31,
                                                                2002                  2001
                                                            -------------         -----------
                                                            (Unaudited)

<S>                                                          <C>                    <C>
CURRENT ASSETS

   Cash                                                       $  5,116               $ 43,947
   Inventory                                                    11,430                 12,160
                                                              --------               --------

     Total Current Assets                                       16,546                 56,107
                                                              --------               --------

PROPERTY AND EQUIPMENT

   Furniture and fixtures                                        2,497                  2,497
   Less- accumulated depreciation                                 (625)                  (250)
                                                              --------               --------

     Total Property and Equipment                                1,872                  2,247
                                                              --------               --------

     TOTAL ASSETS                                             $ 18,418               $ 58,354
                                                              ========               ========


                                LIABILITIES AND STOCKHOLDERS' EQUITY
                                ------------------------------------

CURRENT LIABILITIES

   Accounts payable                                           $ 15,970               $ 40,791
   Accrued expenses                                                689                  1,788
                                                              --------               --------

     Total Current Liabilities                                  16,659                 42,579
                                                              --------               --------

STOCKHOLDERS' EQUITY

   Common stock; 20,000,000 shares authorized of no par
    value, 12,500,000 shares issued and outstanding             20,100                 20,100
   Additional paid-in capital                                   35,003                 30,510
   Accumulated deficit                                         (53,344)               (34,835)
                                                              --------               --------

     Total Stockholders' Equity                                  1,759                 15,775
                                                              --------               --------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY               $ 18,418               $ 58,354
                                                              ========               ========






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

                                                   2

<PAGE>


                                         AUTEC ASSOCIATES, INC.
                                        Statements of Operations
                                             (Unaudited)


                                         For the Three Months Ended               For the Nine Months Ended
                                               September 30,                            September 30,
                                     ---------------------------------         ---------------------------------
                                         2002                 2001                 2002                2001
                                     ------------         ------------         ------------         ------------
REVENUE

   Net sales                         $     26,952         $     24,298         $     93,632         $     96,108
   Cost of goods sold                      11,986               10,756               48,865               46,460
                                     ------------         ------------         ------------         ------------

     Gross Profit                          14,966               13,542               44,767               49,648
                                     ------------         ------------         ------------         ------------

EXPENSES

   Depreciation                               125                  125                  375                 --
   General and administrative               9,303                7,802               35,289               29,067
   Salaries                                 9,204                9,204               27,612               29,007
                                     ------------         ------------         ------------         ------------

     Total Expenses                        18,632               17,131               63,276               58,074
                                     ------------         ------------         ------------         ------------

LOSS FROM OPERATIONS                       (3,666)              (3,589)             (18,509)              (8,426)

INCOME TAXES                                 --                   --                   --                   --
                                     ------------         ------------         ------------         ------------

NET LOSS                             $     (3,666)        $     (3,589)        $    (18,509)        $     (8,426)
                                     ============         ============         ============         ============

BASIC LOSS PER SHARE                 $      (0.00)        $      (0.00)        $      (0.00)        $      (0.00)
                                     ============         ============         ============         ============

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING                    12,500,000           12,500,000           12,500,000           12,500,000
                                     ============         ============         ============         ============




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


                                                          3
<PAGE>



                                                  AUTEC ASSOCIATES, INC.
                                             Statements of Stockholders' Equity


                                                     Common Stock                    Additional
                                             ------------------------------            Paid-in           Accumulated
                                               Shares              Amount              Capital             Deficit
                                             ----------          ----------          ----------          ----------

Balance December 31, 2000                    12,500,000          $   20,100          $   24,298          $  (24,931)

Contributed capital                                --                  --                 6,212                --

Net loss for the year ended
 December 31, 2001                                 --                  --                  --                (9,904)
                                             ----------          ----------          ----------          ----------

Balance, December 31, 2001                   12,500,000              20,100              30,510             (34,835)

Contributed capital (unaudited)                    --                  --                 4,493                --

Net loss for the nine months ended
 September 30, 2002 (unaudited)                    --                  --                  --               (18,509)
                                             ----------          ----------          ----------          ----------

Balance, September 30, 2002
 (unaudited)                                 12,500,000          $   20,100          $   35,003          $  (53,344)
                                             ==========          ==========          ==========          ==========


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

                                                             4
</TABLE>

<PAGE>



                             AUTEC ASSOCIATES, INC.
                            Statements of Cash Flows
                                   (Unaudited)


                                                       For the Nine Months Ended
                                                              September 30,
                                                          ----------------------
                                                            2002         2001
                                                          --------     ---------

CASH FLOWS FROM OPERATING ACTIVITIES

   Net loss                                               $(18,509)    $ (8,426)
   Adjustments to receivable net loss to net cash
    used by operating activities
     Depreciation expense                                      375         --
   Changes in operating assets and liabilities:
     (Increase) decrease in inventory                          730        5,030
     Increase (decrease) in accounts payable               (24,821)     (11,525)
     Increase (decrease) in accrued expenses                (1,099)        (974)
                                                          --------     --------

       Net Cash Used by Operating Activities               (43,324)     (15,895)
                                                          --------     --------

CASH FLOWS FROM INVESTING ACTIVITIES

   Cash paid for fixed assets                                 --         (2,357)
                                                          --------     --------

       Net Cash Used by Investing Activities                  --         (2,357)
                                                          --------     --------

CASH FLOWS FROM FINANCING ACTIVITIES

   Contributed capital                                       4,493        2,888
                                                          --------     --------

       Net Cash Provided by Financing Activities             4,493        2,888
                                                          --------     --------

NET DECREASE IN CASH                                       (38,831)     (15,364)

CASH AT BEGINNING OF PERIOD                                 43,947       23,059
                                                          --------     --------

CASH AT END OF PERIOD                                     $  5,116     $  7,695
                                                          ========     ========

CASH PAID FOR:

   Interest                                               $   --       $   --
   Income taxes                                           $   --       $   --



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

                                       5

<PAGE>



                             AUTEC ASSOCIATES, INC.
                        Notes to the Financial Statements
                           September 30, 2002 and 2001


NOTE 1 -      BASIS OF FINANCIAL STATEMENT PRESENTATION

              The accompanying unaudited condensed financial statements have
              been prepared by the Company pursuant to the rules and regulations
              of the Securities and Exchange Commission. Certain information and
              footnote disclosures normally included in financial statements
              prepared in accordance with accounting principles generally
              accepted in the United States of America have been condensed or
              omitted in accordance with such rules and regulations. The
              information furnished in the interim condensed financial
              statements include normal recurring adjustments and reflects all
              adjustments, which, in the opinion of management, are necessary
              for a fair presentation of such financial statements. Although
              management believes the disclosures and information presented are
              adequate to make the information not misleading, it is suggested
              that these interim condensed financial statements be read in
              conjunction with the Company's most recent audited financial
              statements and notes thereto included in its December 31, 2001
              Annual Report on Form 10-KSB. Operating results for the nine
              months ended September 30, 2002 are not necessarily indicative of
              the results that may be expected for the year ending December 31,
              2002.

NOTE 2 -      GOING CONCERN

              The Company's financial statements are prepared using accounting
              principles generally accepted in the United States of America
              applicable to a going concern, which contemplates the realization
              of assets and liquidation of liabilities in the normal course of
              business. However, as of September 30, 2002, the Company's current
              liabilities exceed its current assets, and the Company experienced
              a loss for the period. It is the intent of the Company to continue
              its current operations, in accordance with its business
              prospectus, which management believes will generate enough cash to
              cover the Company's operating expenses. However, there is no
              guarantee that the Company will be able to achieve its goals or
              continue as a going concern.




                                       6


<PAGE>


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

GENERAL

     Autec Associates, Inc. (the "Company"), has primarily been engaged in the
design, manufacturing, marketing, distribution and repair of stone-set jewelry
using diamonds and other precious gemstones, such as rubies, sapphires and
emeralds. During fiscal year 2001 and prior fiscal years, the Company has
designed, manufactured and marketed numerous modern styles of stone-set jewelry,
including necklaces, earrings, rings, bracelets and other ornaments. The
Company's principal markets includes Canada and the United States. During fiscal
year 2001 and prior fiscal years, the Company generally derived its revenues
from the market and sale of its jewelry products to consumers.

     Management of the Company believes that its metallurgist has combined
certain processes and developed a new and unique process for the casting and
fabrication of metals, and that the process distinguishes the Company's
creations and designs from others on the market. The Company's casting process
combines modern technology, mechanization and hand craftsmanship to produce
unique, innovative and fashionable jewelry. Management of the Company believes
that its casting process is therefore a superior process because of the
simultaneous utilization of the centrifugal device and vacuum. Management
believes that it thus obtains maximum benefits and eliminates the commonly found
porosity voids and inconsistent densities. As a result, the developed process
provides for the manufacture of high-quality rings, earrings, pendants and
bracelets which are consistent in density with little or no porosity or voids.
After the casting process, the jewelry undergoes a series of cleaning and
polishing stages before being labeled for sale.

     The Company's principal executive offices are located at 38 East Osceola
Street, Stuart, Florida 34994. Its telephone number is (561) 288-0666, its
facsimile number is (561) 220-8132, and its e-mail address is autec@hotmail.

     The Company currently maintains a retail outlet for the sale of its jewelry
products to the public in Stuart, Florida. The Company intends to broaden its
customer base by selling its jewelry products within the United State and
Canada. Customers for the jewelry products are primarily consumers. The
Company's current market concentration has been in the southeastern United
States due to existing relationships with certain clients.

     Net sales for fiscal year ended December 31, 2001 and the nine-month period
ended September 30, 2002 were $169,911 and $93,632, respectively, resulting
primarily from the sale of its jewelry products. The Company realized a net loss
for the nine-month period ended September 30, 2002 of $18,509 compared to a net
loss of $9,904 for fiscal year ended December 31, 2001.


                                       7

<PAGE>


RESULTS OF OPERATION

Nine-Month Period Ended September 30, 2002 Compared to Nine-Month Period Ended
September 30, 2001

     The Company realized a net loss of $18,509 for the nine-month period ended
September 30, 2002 compared to a net loss of approximately $8,426 for the
nine-month period ended September 30, 2001 (an increase of $10,083).

     Net sales for the nine-month periods ended September 30, 2002 and 2001 were
$93,632 and $96,108, respectively. Net sales decreased by approximately $2,476
or 3% for the nine-month period ended September 30, 2002 as compared to the
nine-month period ended September 30, 2001. The decrease in net sales during the
nine-month period ended September 30, 2002 was primarily due to changes in sales
volume. Prices for the Company's jewelry products have been and continue to be
consistent as a percentage of costs. Therefore, any fluctuations in sales
revenue would be derived from changes in sales volume. Gross profit for the
nine-month periods ended September 30, 2002 and 2001 amounted to $44,767 and
$49,648, respectively (a net decrease of $4,881 or 11%). The decrease in net
profit during the nine-month period ended September 30, 2002 compared to the
nine-month period ended September 30, 2001 is primarily a result of the decrease
in net sales and slight increase in cost of goods sold during the nine-month
period ended September 30, 2002.

     Total operating expenses of $63,276 were incurred during the nine-month
period ended September 30, 2002 as compared to total operating expenses of
$58,074 incurred during the nine-month period ended September 30, 2001 (an
increase of $5,202 or 9%). Operating expenses generally consisted of general and
administrative expenses and salary expenses. General and administrative expenses
during the nine-month periods ended September 30, 2002 and 2001 were $35,289 and
$29,067, respectively (an increase of $6,222). The increase in general and
administrative expenses during the nine-month period ended September 30, 2002
was primarily due to the Company incurring more costs associated with its
inventory acquisition and professional fees. Salary expenses during the
nine-month periods ended September 30, 2002 and 2001 were $27,612 and $29,007,
respectively (a decrease of $1,395). General and administrative expenses include
general corporate overhead, shipping and warehousing costs, selling expenses and
professional fees.

     Due primarily to an increase in operating expenses and a decrease in net
sales during the nine-month period ended September 30, 2002, the Company
realized a net loss during the nine-month period ended September 30, 2002. The
Company's net loss during the nine-month period ended September 30, 2002 was
approximately ($18,509) compared to a net loss of approximately ($8,426) during
the nine-month period ended September 30, 2001. The weighted average of common
shares outstanding were 12,500,000 for the nine-month periods ended September
30, 2002 and 2001, respectively.

Three-Month Period Ended September 30, 2002 Compared to Three-Month Period Ended
September 30, 2001

     The Company realized a net loss of $3,666 for the three-month period ended
September 30, 2002 compared to a net loss of approximately $3,589 for the
nine-month period ended September 30, 2001 (an increase of $77).

     Net sales for the three-month periods ended September 30, 2002 and 2001
were $26,952 and $24,298, respectively. Net sales increased by approximately
$2,654 or 11% for the three-month period ended September 30, 2002 as compared to
the three-month period ended September 30, 2001. The increase in net sales
during the three-month period ended September 30, 2002 was primarily due to
changes in sales volume. Prices for the Company's jewelry products have been and
continue to be consistent as a percentage of costs. Therefore, any fluctuations
in sales revenue would be derived from changes in sales volume. Gross profit for
the three-month periods ended September 30, 2002 and 2001 amounted to $14,966
and $13,542, respectively (a net increase of $1,424 or 11%). Gross profit
increased during the three-month period ended September 30, 2002 as compared to
the three-month period ended September 30, 2001 primarily due to an increase in
net sales.

                                       8

<PAGE>


     Total operating expenses of $18,632 were incurred during the three-month
period ended September 30, 2002 as compared to total operating expenses of
$17,131 incurred during the three-month period ended September 30, 2001 (an
increase of $1,501 or 9%). General and administrative expenses incurred during
the three-month periods ended September 30, 2002 and 2001 were $9,303 and
$7,802, respectively (an increase of $1,501). The increase in general and
administrative expenses during the three-month period ended September 30, 2002
was primarily due to the Company incurring more costs associated with its
inventory acquisition and professional fees. Salary expenses during the
three-month periods ended September 30, 2002 and 2001 were $9,204, respectively.

     Due primarily to an increase in operating expenses and in cost of goods
sold during the three-month period ended September 30, 2002, the Company
realized a net loss during the three-month period ended September 30, 2002. The
Company's net loss during the three-month period ended September 30, 2002 was
approximately ($3,666) compared to a net loss of approximately ($3,589) during
the three-month period ended September 30, 2001. The weighted average of common
shares outstanding were 12,500,000 for the three-month periods ended September
30, 2002 and 2001, respectively.

LIQUIDITY AND CAPITAL RESOURCES

For Nine-Month Period Ended September 30, 2002

     The Company has only recently generated sufficient cash flow to partially
fund its operations and activities. The Company may experience a liquidity
crisis and be required to raise additional capital. Historically, the Company
has relied upon internally generated funds and funds from the sale of shares of
stock, capital contributions from its shareholders, and loans from its
shareholders and private investors to finance its operations and growth.
Management may raise additional capital through future public or private
offerings of its stock or through loans from private investors, although there
can be no assurance that the Company will be able to obtain such financing. The
Company's future success and viability are entirely dependent upon the ability
of the Company's current management to (i) strengthen and increase its customer
base by enhancing the marketability of its products, (ii) increase the number of
customers and expand into additional markets, (iii) control inventory costs; and
(iv) increase the manufacture rate. Management is optimistic that the Company
will be successful in its capital raising efforts. There can be no assurance,
however, that the Company will be able to continue to successfully distribute
and market its jewelry products and to raise additional capital. The Company's
failure to do so would have a material and adverse affect upon the Company and
its shareholders.

     The Company generated $44,767 and $70,517 in gross profit during the
nine-month period ended September 30, 2002 and the fiscal year ended December
31, 2001, respectively.

     As of September 30, 2002, the Company's current assets were $16,546 and its
current liabilities were $16,659, which resulted in a working capital deficit of
$113. As of the nine-month period ended September 30, 2002, the Company's total
assets were $18,418 compared to total assets of $58,354 for fiscal year ended
December 31, 2001. This decrease in total assets from fiscal year ended 2001 was
due primarily to a decrease in cash.

                                       9

<PAGE>


     As of the nine-month period ended September 30, 2002, the Company's total
liabilities were $16,659 compared to total liabilities of $42,579 for fiscal
year ended December 31, 2001. This decrease in liabilities from fiscal year
ended 2001 was due primarily to a decrease in accounts due and owing by the
Company to $15,970 as of the nine-month period ended September 30, 2002 from
$40,791 as of fiscal year ended December 31, 2001.

     As of September 30, 2002, the Company's total assets exceeded its total
liabilities by $1,759.

     The Company's stockholders' equity decreased from $15,775 for fiscal year
ended December 31, 2001 to $1,759 for the nine-month period ended September 30,
2002.

     For the nine-month period ended September 30, 2002, the net cash used by
operating activities was $43,324 compared to net cash used by operating
activities of $15,895 for the nine-month period ended September 30, 2001 (an
increase of $27,429). During the nine-month period ended September 30, 2002, net
cash used by operating activities was comprised mainly of $18,509 in net loss
and a decrease of $24,821 in accounts payable as compared to a net loss of
$8,426 and a decrease of $11,525 in accounts payable during the nine-month
period ended September 30, 2001.

     During the nine-month period ended September 30, 2002, net cash flow from
investing activities was $-0- compared to net cash used by investing activities
of $2,357 during the nine-month period ended September 30, 2001, which resulted
from cash paid for fixed assets.

     During the nine-month period ended September 30, 2002, net cash provided by
financing activities was $4,493 compared to net cash provided by financing
activities of $2,888 during the nine-month period ended September 30, 2001.

                                       10

<PAGE>


MATERIAL COMMITMENTS/FUNDING

     As of the date of this Quarterly Report, the Company does not have any
material commitments for fiscal year 2002.

     Based upon a twelve-month plan proposed by management, it is anticipated
that the Company's operational work plan will require approximately $200,000 of
financing designed to fund the general business operations. As of the date of
this Quarterly Report, the Company does not have any material commitments nor
does management anticipate any material commitments within the next twelve
months. It is anticipated that any expenditures to be incurred by the Company
will be operational. Management anticipates that a substantial portion of the
initial budget of $200,000 for the twelve-month work plan, which includes such
expenditures, will be funded pursuant to revenues generated from the sale of the
Company's jewelry products, or pursuant to public or private offerings of its
debt or equity securities, or future advancements. The Company might not be able
to raise such funds and, therefore, the successful marketing of its products may
not be accomplished.

     From the date of this Quarterly Report, management believes that the
Company can satisfy its cash requirements for approximately the next six months
based on its ability to generate revenues or obtain advances from certain
investors and related parties. In the event the Company is unable to generate
such cash, management believes that the Company can satisfy its cash
requirements for approximately the next three months from its liquid assets.

     The Company does not own any plant and/or equipment. Management does not
anticipate any purchases of plant and/or significant equipment.

                                       11

<PAGE>



PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     Management is not aware of any legal proceedings contemplated by any
governmental authority or other party involving the Company or its properties.
No director, officer or affiliate of the Company is (i) a party adverse to the
Company in any legal proceedings, or (ii) has an adverse interest to the Company
in any legal proceedings. Management is not aware of any legal proceedings
pending or that have been threatened against the Company or its properties.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     No report required.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     No report required.

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

     No report required.

ITEM 5. OTHER INFORMATION

     No report required.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     99.2 Certification Pursuant to 18 U.S.C. Section 1350.


SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                            AUTEC ASSOCIATES, INC.

Dated: October 31, 2002                     By:  /s/  Arthur Garrison
                                                --------------------------------
                                                      Arthur Garrison,
                                                      President/ Principal
                                                      Financial Officer



                                       12