UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION 
  Washington, DC 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 ended January
      31, 2003.                                       
|[    ] | Transition Report pursuant to 13 or
      15(d) of the Securities Exchange Act of 1934       
|       | For
        the transition period                                                            
|       |                                                                                              
|       | Commission File Number 0-29431                                                               
|       |                                                                                              



INFINEX VENTURES, INC.

---

(Exact name of small Business Issuer as specified in its charter)

|Nevada                                          |  | 52-2151795                       
|----------------------------------------------- |  | ---------------------------------
|                                                |  |                                  
|(State or other jurisdiction of                 |  | (IRS Employer Identification No.)
|incorporation or organization)                  |  |                                  
|                                                |  |                                  
|                                                |  |                                  
|Suite 200 - 675 West Hastings Street            |  |                                  
|Vancouver, British Columbia, Canada             |  | V6B 1N2                          
|                                                |  |                                  
|(Address of principal executive offices)        |  | (Postal or Zip Code)             
|                                                |  |                                  
|Issuers telephone number, including area code: |  | 604-682-8468                     

|                                                                                           | 
|------------------------------------------------------------------------------------------ | 
|None                                                                                      
|                                                                                           | 
|(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 Securities Exchange Act of 1934 during
  the preceding 12 months (or for such shorter period that the issuer was required
  to file such reports), and (2) has been subject to such filing requirements
  for the past 90 days   [ X ]   Yes    [  
  ]    No

State the number of shares outstanding of each of the issuers
  classes of common stock, as of the latest practicable date: 5,353,500 Shares
  of $0.001 par value Common Stock outstanding as of January 31, 2003.

---

PART 1  FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying unaudited financial statements have been
  prepared in accordance with the instructions to Form 10-QSB and Item 310 (b)
  of Regulation S-B, and, therefore, do not include all information and footnotes
  necessary for a complete presentation of financial position, results of operations,
  cash flows, and stockholders equity in conformity with generally accepted
  accounting principles. In the opinion of management, all adjustments considered
  necessary for a fair presentation of the results of operations and financial
  position have been included and all such adjustments are of a normal recurring
  nature. Operating results for the three months ended January 31, 2003 are not
  necessarily indicative of the results that can be expected for the year ending
  October 31, 2003.

---

INFINEX VENTURES, INC. 
  (An Exploration Stage Company)
  FINANCIAL STATEMENTS
  JANUARY 31, 2003 
  (Unaudited)
  (Stated in U.S. Dollars)

---

INFINEX VENTURES, INC.
  (An Exploration Stage Company)
  BALANCE SHEET
  (Unaudited)
  (Stated in U.S. Dollars)

|                                                           |            |          |            |  
|---------------------------------------------------------- | ---------- | -------- | ---------- | -
|                                                           | JANUARY 31 |          | OCTOBER 31 |  
|                                                           | 2003       |          | 2002       |  
|                                                           |            |          |            |  
|                                                           |            |          |            |  
|ASSETS                                                     |            |          |            |  
|Current                                                    |            |          |            |  
|Cash                                                       | $          | 1,517    |            | $
|                                                           |            |          |            |  
|Mineral Property Interest(Note 4)                          |            | -        |            |  
|                                                           |            |          |            |  
|                                                           |            |          |            |  
|                                                           | $          | 1,517    |            | $
|                                                           |            |          |            |  
|                                                           |            |          |            |  
|LIABILITIES                                                |            |          |            |  
|Current                                                    |            |          |            |  
|Accounts payable                                           | $          | 21,367   |            | $
|Loans payable                                              |            | 86,396   |            |  
|                                                           |            |          |            |  
|                                                           |            | 107,763  |            |  
|                                                           |            |          |            |  
|                                                           |            |          |            |  
|SHAREHOLDERS EQUITY                                       |            |          |            |  
|Share Capital                                              |            |          |            |  
|Authorized:                                                |            |          |            |  
|75,000,000 common shares, par value
      $0.001 per share |            |          |            |  
|Issued and outstanding:                                    |            |          |            |  
|5,353,500 common
      shares at January 31, 2003 and      |            |          |            |  
|October
      31, 2002                                     |            | 5,353    |            |  
|                                                           |            |          |            |  
|Deficit Accumulated During The Exploration Stage           |            | (111,599 | )          |  
|                                                           |            |          |            |  
|                                                           |            | (106,246 | )          |  
|                                                           |            |          |            |  
|                                                           |            |          |            |  
|                                                           | $          | 1,517    |            | $
|                                                           |            |          |            |  

---

INFINEX VENTURES, INC.
  (An Exploration Stage Company)
  STATEMENT OF LOSS AND DEFICIT
  (Unaudited)
  (Stated in U.S. Dollars)

|                                            |   |                    |    |            |           |             |  
|------------------------------------------- | - | ------------------ | -- | ---------- | --------- | ----------- | -
|                                            |   |                    |    |            |           | INCEPTION   |  
|                                            |   |                    |    |            |           | DECEMBER 30 |  
|                                            |   | THREE MONTHS ENDED |    |            | 1998 TO   |            
|                                            |   | JANUARY 31         |    | JANUARY 31 |          
|                                            |   | 2003               |    |            |           | 2002        |  
|                                            |   |                    |    |            |           |             |  
|                                            |   |                    |    |            |           |             |  
|Expenses                                    |   |                    |    |            |           |             |  
|Bank charges                                | $ |                    | 55 |            | $         | 53          |  
|Consulting                                  |   | 1,000              |    |            | -         |             |  
|Interest                                    |   | 1,052              |    |            | 980       |             |  
|Office facilities and sundry                |   | 5,397              |    |            | -         |             |  
|Mineral property option payments and        |   |                    |    |            |           |             |  
|exploration expenditures                    |   |                    | -  |            |           | -           |  
|Professional fees                           |   | 1,088              |    |            | 5,697     |             |  
|                                            |   |                    |    |            |           |             |  
|                                            |   |                    |    |            |           |             |  
|Net Loss For The Period                     |   | 8,592              |    |            | 6,730     |             |  
|                                            |   |                    |    |            |           |             |  
|Deficit Accumulated During The Exploration  |   |                    |    |            |           |             |  
|Stage, Beginning Of Period                  |   | 103,007            |    |            | 82,200    |             |  
|                                            |   |                    |    |            |           |             |  
|Excess Of Consideration Paid For Dollar     |   |                    |    |            |           |             |  
|Maker, Inc. In Excess Of Additional Paid In |   |                    |    |            |           |             |  
|Capital At The Date Of The Transaction      |   |                    | -  |            |           | -           |  
|                                            |   |                    |    |            |           |             |  
|                                            |   |                    |    |            |           |             |  
|Deficit Accumulated During The Exploration  |   |                    |    |            |           |             |  
|Stage, End Of Period                        | $ | 111,599            |    | $          | 88,930    |             | $
|                                            |   |                    |    |            |           |             |  
|                                            |   |                    |    |            |           |             |  
|                                            |   |                    |    |            |           |             |  
|Net Loss Per Share                          | $ | (0.002             | )  | $          | (0.001    | )           |  
|                                            |   |                    |    |            |           |             |  
|                                            |   |                    |    |            |           |             |  
|                                            |   |                    |    |            |           |             |  
|Weighted Average Number Of Shares           |   |                    |    |            |           |             |  
|Outstanding                                 |   | 5,353,500          |    |            | 5,353,500 |             |  
|                                            |   |                    |    |            |           |             |  

---

INFINEX VENTURES, INC.
  (An Exploration Stage Company)
  STATEMENT OF CASH FLOWS
  (Unaudited)
  (Stated in U.S. Dollars

|                                                   |                    |        |            |         |             |  
|-------------------------------------------------- | ------------------ | ------ | ---------- | ------- | ----------- | -
|                                                   |                    |        |            |         | INCEPTION   |  
|                                                   |                    |        |            |         | DECEMBER 30 |  
|                                                   | THREE MONTHS ENDED |        |            | 1998 TO |            
|                                                   | JANUARY 31         |        | JANUARY 31 |        
|                                                   |                    | 2003   |            |         | 2002        |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    |        |            |         |             |  
|Cash Flows From Operating Activities               |                    |        |            |         |             |  
|Net loss for the
      period                      | $                  | (8,592 | )          | $       | (6,730      | )
|                                                   |                    |        |            |         |             |  
|Adjustments To Reconcile Net Loss To Net           |                    |        |            |         |             |  
|Cash Used By Operating Activities                  |                    |        |            |         |             |  
|Stock issued for
      other than cash             |                    | -      |            |         | -           |  
|Change in accounts
      payable                   |                    | 3,571  |            |         | 548         |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    | (5,021 | )          |         | (6,182      | )
|                                                   |                    |        |            |         |             |  
|                                                   |                    |        |            |         |             |  
|Cash Flows From Investing Activity                 |                    |        |            |         |             |  
|Investment in Dollar
      Maker, Inc.             |                    | -      |            |         | -           |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    |        |            |         |             |  
|Cash Flows From Financing Activities               |                    |        |            |         |             |  
|Share capital issued                               |                    | -      |            |         | -           |  
|Loans payable                                      |                    | 4,516  |            |         | 6,200       |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    | 4,516  |            |         | 6,200       |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    |        |            |         |             |  
|Increase (Decrease) In Cash                        |                    | (505   | )          |         | 18          |  
|                                                   |                    |        |            |         |             |  
|Cash, Beginning Of Period                          |                    | 2,022  |            |         | 506         |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    |        |            |         |             |  
|Cash, End Of Period                                | $                  | 1,517  |            | $       | 524         |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    |        |            |         |             |  
|                                                   |                    |        |            |         |             |  
|Supplemental Disclosure Of Non-Cash Financing      |                    |        |            |         |             |  
|And Investing Activities                           |                    |        |            |         |             |  
|Common shares issued
      pursuant to mineral     |                    |        |            |         |             |  
|property
      option agreement                    | $                  | -      |            | $       | -           |  
|Common shares issued
      pursuant to acquisition |                    |        |            |         |             |  
|agreement                                          |                    | -      |            |         | -           |  
|                                                   |                    |        |            |         |             |  

---

INFINEX VENTURES, INC.
  (An Exploration Stage Company)
  NOTES TO FINANCIAL STATEMENTS
  JANUARY 31, 2003
  (Unaudited)
  (Stated in U.S. Dollars

|1. | BASIS OF PRESENTATION
        The unaudited financial statements as of January 31, 2003 included herein
        have been prepared without audit 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 United States generally accepted principles have been condensed or
        omitted pursuant to such rules and regulations. In the opinion of management,
        all adjustments (consisting of normal recurring accruals) considered necessary
        for a fair presentation have been included. It is suggested that these
        financial statements be read in conjunction with the October 31, 2002
        audited financial statements and notes thereto.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|2. | NATURE OF OPERATIONS
        a) Inception
        The Company was incorporated in the State of Nevada, U.S.A., on December
        30, 1998.
        b) Exploration Stage Activities
        The Company has been in the exploration stage since its formation and
        has not yet realized any revenues from its planned operations. It is primarily
        engaged in the acquisition and exploration of mining properties. Upon
        location of a commercial minable reseve, the Company expects to actively
        prepare the site for its extraction and enter a development stage.
        c) Going Concern
        The accompanying financial statements have been prepared assuming that
        the Company will continue as a going concern.
        As shown in the accompanying financial statements, the Company has incurred
        a net loss of $75,846 for the period from December 30, 1998 (inception)
        to January 31, 2003, and has no sales. The future of the Company is dependent
        upon its ability to obtain financing and upon future profitable operations
        from the development of its mineral properties. Management has plans to
        seek additional capital through a private placement and public offering
        of its common stock. The financial statements do not include any adjustments
        relating to the recoverability and classification of recorded assets,
        or the amounts of and classification of liabilities that might be necessary
        in the event the Company cannot continue in existence.

---

INFINEX VENTURES, INC.
  (An Exploration Stage Company)
  NOTES TO FINANCIAL STATEMENTS
  JANUARY 31, 2003
  (Unaudited)
  (Stated in U.S. Dollars

|3 | . | SIGNIFICANT ACCOUNTING
        POLICIES                                                                                                                                                                                                                                                                                                                                                                                                    
|- | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   | The financial
        statements of the Company have been prepared in accordance with generally
        accepted accounting principles in the United States of America. Because
        a precise determination of many assets and liabilities is dependent upon
        future events, the preparation of financial statements for a period necessarily
        involves the use of estimates which have beenmade using careful judgement.
|  |  
|  |  
|  |  
|  |  
|  |   | The financial
        statements have, in managements opinion, been properly prepared
        within reasonable limits of materiality and within the framework of the
        significant accounting policies summarized below:                                                                                                                                                                                                           
|  |  
|  |  
|  |   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                         
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                         
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                         
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            

---

INFINEX VENTURES, INC.
  (An Exploration Stage Company)
  NOTES TO FINANCIAL STATEMENTS
  JANUARY 31, 2003
  (Unaudited)
  (Stated in U.S. Dollars

|3 | . | SIGNIFICANT ACCOUNTING POLICIES(Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|- | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  | . | d)
      
      
      e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|4 | . | MINERAL PROPERTY INTEREST                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|  |   | The Company has entered
        into an option agreement, as amended, to acquire a 100% interest, subject
        to a 2% net smelter royalty, in the Gossan 1 to 9 mining claims located
        in Blaine County, Idaho, for the following consideration:                                                                                                                                                                                                                                                                                                                                                                                    
|  |   | a)   The issuance of 250,000 common shares (issued).
      b)   Cash payments totalling $200,000 payable as follows:    i)     $5,000 on execution of
      the agreement (paid);    ii)    $5,000 by June
      1, 2004;     iii)   $25,000 by June 1, 2005; 
         iv)   $35,000 on June 1, 2006;    v)   
      $55,000 on June 1, 2007;     vi)   $75,000 on June
      1, 2008.
      c)   Exploration expenditures totalling $100,000 to be incurred
      as follows:    i)      $10,000
      by August 30, 2004;    ii)     an additional
      $40,000 by August 30, 2005;     iii)    a further
      $50,000 by August 30, 2006.

---

INFINEX VENTURES, INC.
  (An Exploration Stage Company)
  NOTES TO FINANCIAL STATEMENTS
  JANUARY 31, 2003
  (Unaudited)
  (Stated in U.S. Dollars

5.    LOANS PAYABLE

| |                                                   | JANUARY 31 |        | OCTOBER 31 |  
| | ------------------------------------------------- | ---------- | ------ | ---------- | -
| |                                                   | 2003       |        | 2002       |  
| |                                                   |            |        |            |  
| |                                                   |            |        |            |  
| | Repayable on demand with interest at 8% per annum | $          | 45,000 |            | $
| | Repayable on demand without interest              |            | 41,396 |            |  
| |                                                   |            |        |            |  
| |                                                   |            |        |            |  
| |                                                   | $          | 86,396 |            | $
| |                                                   |            |        |            |  

|6. | CONTINGENCY
        Mineral Property
        The Companys mineral property interest has been acquired pursuant
        to an option agreement. In order to retain its interest, the Company must
        satisfy the terms of the option agreement described in Note 4.                                                                                                                                                                                                                                                                                  
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|7. | ASSET PURCHASE AGREEMENT
        The Company entered into an Asset Purchase Agreement, as amended, with
        Nanoworld Projects Corporation to acquire patents and a 45% ownership
        interest in Nano World Projects Europe S.P.A., an Italian company, in
        consideration of the issuance of 2,200,000 common shares, and the agreement
        to pay a royalty in the amount of 3% of the gross revenue earned through
        the issue of the patents. The agreement requires completion of the transaction
        by March 31, 2003.

---

Item 2. Plan of Operation

The Company was organized as a Nevada corporation on December
  30, 1998 for the purpose of acquiring and exploring mineral properties. In 2002,
  the Company decided to abandon its business plan relating to its interest in
  the Long Canyon property.

Pursuant to an Asset Purchase Agreement dated August 20, 2002
  that the Company entered into with Nano World Projects Corporation (Nano
  World), a Delaware corporation, the Company agreed to acquire from Nano
  World a series of patents and related assets and rights relating to Nano Worlds
  dynamic thin laminar flow process. The Company will also acquire a 45% interest
  in Nano Worlds Italian subsidiary, Nano World Projects Europe S.P.A. In
  consideration of these assets, the Company has agreed to issue to Nano World
  2,200,000 shares of restricted common stock in its capital. As well, Nano World
  will retain a royalty equal to 3% of the gross revenues that the Company earns
  through the use of the patents.

The Company intends to complete its acquisition of certain
  assets of Nano World and to raise the funds necessary to develop and market
  nanotechnology products. The Company anticipates that additional funding will
  be in the form of equity financing from the sale of its common stock. There
  is no assurance that the Company will be able to achieve additional sales of
  its common stock sufficient to fund the development of its nanotechnology. It
  does not have any arrangements in place for future equity financing.

The Company anticipates incurring approximately $32,800 for
  administrative expenses including accounting and audit costs ($9,000) legal
  fees ($7,000), rent and office costs ($6,000), computer costs ($1,800), telephone
  costs ($1,800) and general administrative costs ($7,200) over the next 12 months.

The Company is unable to estimate approximate costs for development
  and marketing of the nanotechnology assets it is acquiring until such time as
  it raises sufficient financing for operations and complete its acquisition of
  these assets.

Forward-Looking Statements

This Form 10-QSB includes -" forward-looking statements" within
  the meaning of the "safe-harbor" provisions of the Private Securities Litigation
  Reform Act of 1995. Such statements are based on management's current expectations
  and are subject to a number of factors and uncertainties that could cause actual
  results to differ materially from those described in the forward-looking statements.

All statements other than historical facts included in this
  Form, including without limitation, statements under "Plan of Operation", regarding
  the Company's financial position, business strategy, and plans and objectives
  of management of the Company for the future operations, are forward-looking
  statements.

Although the Company believes that the expectations reflected
  in such forward-looking statements are reasonable, it can give no assurance
  that such expectations will prove to have been correct. Important factors that
  could cause actual results to differ materially from the

---

Company's expectations include, but are not limited to, market
  conditions, competition and the ability to successfully complete financing.

PART II- OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not a party to any pending legal proceeding.
  Management is not aware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities

The Company did not issue any securities during the quarter
  ended January 31, 2003. Upon closing of its agreement with Nano World, the Company
  will be required to issue 2,200,000 shares of restricted common stock in its
  capital.

Item 3. Defaults 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 Report on Form 8-K

None.

There were no reports filed on Form 8-K during the three month period ended January 31, 2003.

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.

| | Infinex Ventures, Inc. 
| | -----------------------
| |                        
| | /s/ Mario Aiello       
| |                        
| | Mario Aiello, President




---