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                       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 March 31, 2003

[ ]      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.)

                              6-295 Queen St. East
                                Brampton, Ontario
                                 Canada L6W 4S6
                    (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 March 31, 2003 was
13,180,296 shares.

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COI SOLUTIONS, INC.
CONDENSED BALANCE SHEET
                                                      MARCH, 31     December, 31
Unaudited                                               2003            2002
--------------------------------------------------------------------------------
ASSETS                                              $       Nil     $       Nil
                                                    ============    ============

LIABILITIES
Current
     Accounts Payable and accrued liabilities       $     6,778     $         0
     Loans payable                                      202,000         202,000
                                                    ------------    ------------
                                                        208,778         202,000
                                                    ------------    ------------

SHAREHOLDERS' EQUITY
Capital stock (Note 2)                                   13,181          13,181
Additional paid in capital                           10,503,691      10,503,691
Deficit                                             (10,725,650)    (10,718,872)
                                                    ------------    ------------
                                                        208,778        (202,000)
                                                    ------------    ------------
                                                    $         0     $          0
                                                    ============    ============



               See accompanying notes to the financial statements.

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COI SOLUTIONS, INC.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)
Three Months Ending March 31                        2003               2002
--------------------------------------------------------------------------------

Revenue                                        $        NIL        $       NIL
                                               -------------       -------------

Expenses
     Management fees                                      0              30,000
     Professional fees                                    0               6,500
     Consulting                                           0              46,650
     Administrative                                   6,778               8,130
     Goodwill amortization                                0              10,407
                                               -------------       -------------
                                                      6,778             101,687
                                               -------------       -------------


Net earnings (loss)                            $    (6,778)        $   (101,687)
                                               ------------        -------------

Weighted basic average shares                   13,180,296            3,380,510
                                               ============        =============




               See accompanying notes to the financial statements
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COI SOLUTIONS, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ending March 31                               2003          2002
--------------------------------------------------------------------------------

Cash flows from (applied to)

     OPERATING
            Net earnings (loss)                          $  (6,778)   $(101,687)
            Goodwill amortization                               --       10,407

     Changes in
            Accounts payable and accrued liabilities         6,778       88,485
                                                         ----------   ----------
                                                                 0        2,795
                                                         ----------   ----------


Net increase (decrease) in cash during the year                 (0)      (2,785)

Cash, beginning of period                                        0        5.285
                                                         ----------   ----------

Cash, end of period                                      $       0    $   2,490
                                                         ----------   ----------




               See accompanying notes to the financial statements.

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COI SOLUTIONS, INC.
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
(Unaudited) March 31, 2003
--------------------------------------------------------------------------------

1.       GENERAL

The unaudited condensed 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 statements 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, 2002 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
period as THE COMPANY has approximately $966,049 of net operating loss
carry-forwards, which expires between 2007 to 2009. The realization of the tax
loss carry-forward is contingent upon certain facts and circumstances, therefore
the Company may not be able to realize the net operating loss carry-forward.

LOSS PER SHARE

THE COMPANY reports earnings per share in accordance with the provisions of SFAS
No. 128, EARNING 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 the
securities or other CONTRACTS to issue stock were exercised and converted to
common stock.

There were stock options outstanding at March 31, 2003 to purchase 310,500 of
common stock, December 31, 2002 - 310,500

Basic weighted average shares outstanding March 31, 2003 were 6,521,203,
December 31,2002 - 6,521,203.


2. CAPITAL STOCK

No capital stock or options were issued in the period.


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ITEM. 2. 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.

For the quarter ended March 31, 2003, The Company discontinued operations on all
e-healthcare applications, distribution and management of life, health and other
insurance products, and the development of related web based platforms. The
Board of Directors in consultation with significant shareholders elected to
acquire the assets of Alternate Energy Corporation (AEC), a Nevada based private
company. This transaction will be accomplished through AEC passing a limited
amount of cash and ownership of its assets to COi in return for COi common
stock. The COi Board will then resign and a new board will be appointed, and the
company name will change to Alternate Energy Corporation (AEC). The Company is
currently applying its full resources to the execution of this transaction,
which is planned to complete in the second quarter of 2003.

Founded in March 2000, AEC owns patented technologies that enable electric
utility companies and large multi-national industrial companies to significantly
increase their power output. This is accomplished without increasing the amount
of fossil fuel that is used, which provides two additional benefits: less
dependency on imported fossil fuels and lower fossil fuel pollution levels.
AEC's patented technologies provide this increased power through reclaiming heat
energy that is typically lost to the environment when producing electric power
and also through reducing the cost and complexity of the equipment required in
typical utility operations. AEC technologies can enable the North American
Electric Utility industry to produce more power and grow its annual revenues
without changing the industry's current level of operating costs. AEC plans to
collect a percentage of the new revenues generated by these utilities.

AEC's technology and partner relationships also have application in the small
business and residential markets. AEC will pursue future opportunities to
generate cost efficient and environmentally friendly power in these markets.


SALES

No sales occurred in the quarter ending March 31, 2003, as the company's full
resources were engaged in executing the transition noted above.

COSTS AND EXPENSES

Expenses for the quarter ended March 31, 2003 were $6,778, compared to $101,687
for the same period of 2002. The decrease was contributed to the wind down of
previous company operations and the execution of the administrative processes
required to implement the transition to AEC, planned for Q2 of 2003.

FINANCIAL CONDITION AND LIQIDITY

As of March 31, 2002, The Company had no cash. Any funds required for future
operations will be the responsibility of the new Board of Directors.

There can be no assurance that The Company will be successful in executing its
plans.


ITEM 3. CONTROLS AND PROCEDURES.

As required by Rule 13a-15 under the Securities Exchange Act of 1934 (the
"EXCHANGE ACT" ), we carried out an evaluation of the effectiveness of the
design and operation of our disclosure controls and procedures within the 90
days prior to the filing date of this report. This evaluation was carried out
under the supervision and with the participation of our Chairman, Mr Robert G.
Jones, and Ms. Geeta Naipaul-Denton, President. Based upon that evaluation, our
Chairman and President concluded that our disclosure controls and procedures are
effective in timely alerting management to material information relating to us
required to be included in our periodic SEC filings. There have been no
significant changes in our internal controls or in other factors that could
significantly affect internal controls subsequent to the date we carried out our
evaluation.



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Disclosure controls and procedures are controls and other procedures that are
designed to ensure that information required to be disclosed our reports filed
or submitted under the Exchange Act is recorded, processed, summarized and
reported, within the time periods specified in the Securities and Exchange
Commission's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed in our reports filed under the Exchange Act is
accumulated and communicated to management, including our Chief Executive
Officer and Chief Financial Officer, to allow timely decisions regarding
required disclosure.

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                                     PART II

Item 1.  Legal proceedings

On August 15, 2002 the Securities and Exchange Commission filed a civil lawsuit
against the company, its former CEO and other individuals. SEC v. COI Solutions,
et al. Case No. 02-80766-CIV-Hurley. The SEC alleges in its complaint that COI
Solutions engaged in a scheme to pay illegal kickbacks to representatives of a
European fund contrived by the FBI and making false and misleading statements in
a filing on Form S-8. The SEC is seeking injunctive relief enjoining any
violations of the securities laws in the future and is also seeking civil
penalties.

Item 2.  Change in Securities and Use of Proceeds

None.

Item 3.  Default Upon Senior Securities

None

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

None.

Item 5.

Change in Registrant's Certifying Accountant

         On April 15, 2003 the Board of Directors of the Company informed its
certifying account, Marvin B. Seidman, CPA, that the Company would instead be
using Danziger & Hochman CA, as its certifying accountants.

         In the past fiscal year Marvin B. Seidman included a "going concern"
opinion in their audit report. There were no disagreements with the former
accountants

         The Company has subsequently engaged Danziger & Hochman CA, as the
Company's certifying accountant.


Item 6.  Exhibits and Reports on Form 8-K

         (b) No reports on Form 8-K have been filed for the period ended MARCH
31, 2002.

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 20th day of May, 2003.

                                                COI SOLUTIONS, INC.

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

                                        7


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CERTIFICATION PURSUANT TO SECTION 302 OF THE ARBANES-OXLEY ACT OF 2002

         I, Robert Jones , certify that:

         1. I have reviewed this annual report on Form 10-QSB of COI Solutions,
Inc. (the "REGISTRANT");

         2. Based on my knowledge, this annual report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

         4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

                  (a) designed such disclosure controls and procedures to ensure
         that material information relating to the registrant , including its
         consolidated subsidiaries , is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

                  (b) evaluated the effectiveness of the registrant's
         disclosure controls and procedures as of a date within 90 days prior to
         the filing date of this annual report (the "EVALUATION DATE"); and

                  (c) presented in this quarterly report our conclusions about
         the effectiveness of the disclosure controls and procedures based on
         our required evaluation as of the Evaluation Date;

         5. The registrant's other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

                  (a) all significant deficiencies in the design or operation of
         internal controls which could adversely affect the registrant 's
         ability to record, process, summarize and report financial data and
         have identified for the registrant 's auditors any material weaknesses
         in internal controls; and

                  (b) any fraud, whether or not material, that involves
         management or other employees who have a significant role in the
         registrant 's internal controls; and

         6. The registrant's other certifying officers and I have indicated in
this quarterly report whether there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


By /s/ ROBERT JONES
   ---------------------------
   Robert Jones
   CHAIRMAN OF THE BOARD OF DIRECTORS

Date: May 20, 2003



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CERTIFICATION PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002

         I, Geeta Naipaul Denton , certify that:

         1. I have reviewed this annual report on Form 10-QSB of COI Solutions,
Inc. (the "REGISTRANT");

         2. Based on my knowledge, this annual report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

         4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

                  (a) designed such disclosure controls and procedures to ensure
         that material information relating to the registrant , including its
         consolidated subsidiaries , is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

                  (b) evaluated the effectiveness of the registrant's
         disclosure controls and procedures as of a date within 90 days prior to
         the filing date of this quarterly report (the "EVALUATION DATE"); and

                  (c) presented in this annual report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         required evaluation as of the Evaluation Date;

         5. The registrant's other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

                  (a) all significant deficiencies in the design or operation of
         internal controls which could adversely affect the registrant 's
         ability to record, process, summarize and report financial data and
         have identified for the registrant 's auditors any material weaknesses
         in internal controls; and

                  (b) any fraud, whether or not material, that involves
         management or other employees who have a significant role in the
         registrant 's internal controls; and

         6. The registrant's other certifying officers and I have indicated in
this annual report whether there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.


By /s/ GETTA NAIPAUL DENTON
   ----------------------------
   Geeta Naipaul Dention
   PRESIDENT

Date: May 20, 2003