<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 September 30, 2001

[   ]     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                                               86-09884116
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)

                      101 Convention Center Dr., Suite 777
                             Las Vegas, Nevada 89109
                    (Address of principal executive offices)

Registrant's telephone number including area code: (905) 294-9163

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 September 30, 2001
was 1,480,510 shares.

<PAGE>
<TABLE>

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

<CAPTION>

                                  Three Month Period Ended              Nine Month Period Ended
                                          September 30                        September 30
                                   2001                 2000             2001              2000
------------------------------------------------------------------------------------------------------
<S>                          <C>                 <C>              <C>                <C>
Revenue                      $           -       $     577,973    $              -   $      1,162,005
                             --------------      --------------   -----------------  -----------------

Expenses
   Bad debts                             -                   -                   -              6,702
   Management fees                  90,000              90,000             270,000            270,000
   Professional fees                 6,500              30,046              45,274             55,346
   Consulting                       54,031             760,850              74,431            952,748
   Good will amortization           13,679                                  34,676
   Administrative                    4,315             151,951              50,548             153,54
                             --------------      --------------   -----------------  -----------------
                             $     168,525       $   1,032,847    $        474,929   $      1,438,350
                             ==============      ==============   =================  =================

Net earnings (loss)          $    (168,525)      $    (454,874)    $      (474,929)  $       (276,345)
  before minority interest

Minority interest                    9,000                                  60,088
                             --------------                       -----------------

NET EARNINGS (LOSS)          $    (159,525)      $    (454,874)   $       (414,841)  $       (276,345)

Net earnings (loss)          $       (0.11)      $       (0.07)   $          (0.04)  $          (0.05)
per share                    --------------      --------------   -----------------  -----------------

Weighted average shares
   basic                         1,480,510           6,723,814          10,509,792          5,248,450
                             --------------      --------------   -----------------  -----------------
   diluted                       1,893,010           9,551,757          13,171,573          8,007,427
                             ==============      ==============   =================  =================
</TABLE>

See accompanying notes to the condensed financial statements.

                                                      2
<PAGE>

COI SOLUTIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEET
(Unaudited)                                     SEPTEMBER 30        December 31
                                                   2001               2000
-------------------------------------------------------------------------------
ASSETS
Current
   Cash                                        $       5,025      $      59,182
   Prepaid                                                 -            228,000
                                               --------------     --------------
                                                       5,025            287,182
Prepaids                                              61,080             61,080
Deferred system development costs                  1,088,671            902,286
Goodwill, net of amortization of $39,555             225,803            141,491
Investment                                                 1                  1
                                               --------------     --------------
                                               $   1,380,580      $   1,392,040
                                               ==============     ==============

LIABILITIES
Current
   Accounts payable and accrued liabilities    $   1,198,976      $     765,844
   Due to directors                                  108,882             80,043
   Loans payable                                     166,780             76,780
                                               --------------     --------------
                                                   1,474,638            922,667
                                               --------------     --------------

Minority Interest                                     10,083            182,103

SHAREHOLDERS' EQUITY
Capital stock                                          1,481              8,373
Additional paid in capital                         7,171,055          7,140,763
Deficit                                           (7,276,677)        (6,861,866)
                                               --------------     --------------
                                                   (104,141)            287,270
                                               --------------     --------------

                                               $   1,380,580      $   1,392,040
                                               ==============     ==============

See accompanying notes to the condensed financial statements.

                                       3
<PAGE>
<TABLE>

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

<CAPTION>
                                                                         December 31
Nine Months Ending September 30                            2001               2000
------------------------------------------------------------------------------------
<S>                                                 <C>                <C>
Cash flows from (applied to)

   OPERATING
       Net earnings (loss)                          $    (414,841)     $      28,036
       Services for stock                                  20,400             35,065
       Goodwill amortization                               34,676                  -
       Minority Interest                                  (60,088)                 -

       Changes in
           Accounts receivable                                  -           (150,798)
           Accounts payable and accrued liabilities       433,242             93,806
                                                    --------------     --------------
                                                           13,389              6,109
                                                    --------------     --------------

   FINANCING
       Loans payable                                       90,000
       Advance from directors                              28,839              7,994
                                                    --------------     --------------
                                                          118,839
                                                    --------------     --------------

   INVESTING
       Deferred system development costs                 (186,385)                 -

Net increase in cash during the period                    (54,157)            14,103

Cash, beginning of period                                  59,182                765
                                                    --------------     --------------

Cash, end of period                                 $       5,025      $      14,868
                                                    ==============     ==============
</TABLE>

See accompanying notes to the condensed financial statements.

                                       4
<PAGE>

COI SOLUTIONS, INC.
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
(Unaudited)
September 30, 2001
--------------------------------------------------------------------------------

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, 2000 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 $1,337,000 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 September 30, 2001, to purchase 412,500
shares of common stock (2000 - 2,833,922).

Basic weighted average shares outstanding for the period were 10,509,792 (2000 -
4,498,542). Diluted average shares outstanding for the period were 13,171,573
(2000 - 7,222,464)

CAPITAL STOCK

On August 31, 2001, the Company completed a one for eight stock reversal. This
resulted in 1,480,510 issued and outstanding common shares with unchanged par
value of $0.001 per share. The Shareholders Equity in Capital Stock was $1,481
with $6,892 being transferred 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.

For the quarter ended September 30, 2001, 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 scheduled for launch in the fourth quarter with
revenue planned in the first quarter of 2002.

SALES

Since the Company's efforts are directed at the development of the subsidiaries
e-healthcare web based system, all revenues charged are eliminated on
consolidation. Therefore, there is no revenue in the current period. The system
under development is planned to be operational in the forth quarter of the year
2001. Revenue is planned in the first quarter of 2002.

COSTS AND EXPENSES

Expenses for the quarter ended September 30, 2001 were $168,525 compared to
$1,032,847 for the same period of 2000, a decrease of $864,322. The decrease was
mainly due to the reduction in Consulting fees of $706,819 and Administrative
charges of $147,636. The reduction in Consulting fees was due to a reduction in
consulting contracts due to a re evaluation of the overall web based e-commerce
application for health insurance. Contributing to the $168,525 of expenses were
Management fees, $90,000, Professional fees $6,500, Consulting fees $54,031 and
Administrative expense $4,315.

FINANCIAL CONDITION AND LIQIDITY

As of September 30, 2001, the Company had $5,025 of cash. Until the Telemedica
health insurance project that is targeted to be launched in the fourth quarter,
the Company's sources of cash are from consulting work in the healthcare
industry, long term loans and short term loans. Future funds required to carry
out management's plans are expected to be derived from the Telemedica health
insurance project, acquiring new contracts in the e-health industry and issues
of capital stock. There can be no assurance that the Company will be successful
in executing its plans.

CHANGES IN MANAGEMENT

In May, 2001 Robert Wilder , the original founder of the Company, resigned as
CEO. This position is planned to be filled in the fourth quarter of 2001. Mr.
Wilder has continues his involvement as a consultant to the Company and its
subsidiaries.

SHARE CAPITAL

On August 31, 2001, the Company completed a one for eight stock reversal. This
resulted in 1,480,510 issued and outstanding common shares with unchanged
par value of $0.001 per share.
                                       6

<PAGE>

                                     PART II

Item 1.  Legal Proceedings

                  None.

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.  Other Information

                  None.

Item 6.  Exhibits and Reports on Form 8-K

       (b) A report of Form 8-K was filed on August 31,2001.

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 12th day of November, 2001.

                              COI SOLUTIONS, INC.

                              BY:  /s/ Robert Jones
                                   ----------------
                                   Robert Jones,
                                   President and a Member of the
                                   Board of Directors

                                       7