UNITED STATES 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 ended September 30, 2002

     OR

( )  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:  1-5673


                             RANGER INDUSTRIES, INC.
                             -----------------------
              Exact name of Registrant as specified in its charter


Connecticut                                                   06-0768904
-----------                                                   ----------
State or other jurisdiction of                                I.R.S. Employer
incorporation or organization                                 Identification No.


3400 82nd Way North, St. Petersburg, FL                       33710
---------------------------------------                       -----
Address of principal executive offices                        Zip Code

Registrant's telephone number, including area code: (727) 381-4904

Former name, former address and former fiscal year, if changed since last
report:

Indicate by check mark whether Ranger (1) has filed all annual, quarterly and
other 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 Ranger 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 shares outstanding of each of the issuer's classes of common
stock, as of November 8, 2002, were 15,610,463 shares, $0.01 par value.

<PAGE>

                    RANGER INDUSTRIES, INC. AND SUBSIDIARIES
                        (A DEVELOPMENT STAGE ENTERPRISE)
                      CONDENSED CONSOLIDATED BALANCE SHEETS

                          PART I. FINANCIAL INFORMATION
                                     ASSETS

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

Current assets:
  Cash and cash equivalents                         $    18,220    $   101,234
  Restricted certificate of deposit                   8,500,000           --
  Marketable equity securities                             --           22,200
  Prepaid expenses and other current assets              68,060         25,000
  Accrued interest receivable                            17,419         17,419
                                                    -----------    -----------
    Total current assets                              8,603,699        165,853

Property and equipment, net                               7,776          6,589
Restricted certificate of deposit                          --        8,500,000
Investment in oil and gas properties                    614,578        555,115
                                                    -----------    -----------
                                                    $ 9,226,053    $ 9,227,557
                                                    ===========    ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
   Note payable, bank                               $ 8,500,000    $      --
   Accounts payable                                     123,172        154,417
   Due to related parties                                  --            9,886
   Accrued expenses, other                               11,602          3,022
                                                    -----------    -----------
    Total current liabilities                         8,634,774        167,325

Note payable, bank                                         --        8,500,000
Other liabilities                                       100,000        100,000
Due to related parties                                  580,255        198,449
                                                    -----------    -----------
   Total liabilities                                  9,315,029      8,965,774
                                                    -----------    -----------

Minority interest                                          --             --

Stockholders' equity:
  Common stock                                          199,986 *      199,986 *
  Capital in excess of par                            9,487,981      9,487,981
  Deficit accumulated during development stage       (1,001,283)      (659,522)
  Less treasury stock (4,388,181 shares at cost)     (8,776,362)    (8,776,362)
  Other comprehensive income                                702          9,700
                                                    -----------    -----------
                                                        (88,976)       261,783
                                                    -----------    -----------

                                                    -----------    -----------
                                                    $ 9,226,053    $ 9,227,557
                                                    ===========    ===========

(*)  $.01 par value 20,000,000 shares authorized; 19,998,644 shares issued,
     15,610,463 shares outstanding


            See notes to condensed consolidated financial statements.

                                        2
<PAGE>
<TABLE>
<CAPTION>

                                    RANGER INDUSTRIES, INC. AND SUBSIDARIES
                                       (A DEVELOPMENT STAGE ENTERPRISE)
                                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                  (UNAUDITED)

                                         Three          Nine            Three            Nine
                                         Months         Months          Months           Months     From Inception
                                         Ended          Ended           Ended            Ended      (Mar. 18, 1998)
                                     -------------   ------------   -------------    ------------       through
                                          September 30, 2002              September 30, 2001       September 30, 2002
                                     ----------------------------   -----------------------------  ------------------
<S>                                  <C>             <C>             <C>             <C>             <C>
Revenues                             $       --      $       --      $       --      $       --      $    150,000
                                     ------------    ------------    ------------    ------------    ------------
Operating expenses:
   Loss on investment in oil
     and gas activities                      --              --              --              --           156,130
   Administrative                           4,087          28,511           4,756          15,280         105,296
   Salaries and wages                      28,000          90,000          31,700          91,945         260,000
   Stock-based compensation                  --              --              --              --            19,919
   Consulting and professional fees         1,121          46,104          12,525         162,728         226,567
                                     ------------    ------------    ------------    ------------    ------------

Total operating expenses                   33,208         164,615          48,981         269,953         767,912
                                     ------------    ------------    ------------    ------------    ------------

Net operating loss                        (33,208)       (164,615)        (48,981)       (269,953)       (617,912)

Interest expense, net of interest
   income                                 (54,057)       (152,453)        (71,896)        (76,292)       (285,494)
Other expense                                --              --              --              --           (85,184)
Loss on sales of marketable
  equity securities                       (24,693)        (24,693)           --              --           (24,693)
                                     ------------    ------------    ------------    ------------    ------------
Loss before income taxes                 (111,958)       (341,761)       (120,877)       (346,245)     (1,013,283)

Income taxes:
   Current                                   --              --              --              --              --
   Deferred                                  --              --              --              --              --
Minority interest in loss of joint
   venture                                   --              --              --              --            12,000
                                     ------------    ------------    ------------    ------------    ------------

Net loss                             ($   111,958)   ($   341,761)   ($   120,877)   ($   346,245)   ($ 1,001,283)
                                     ============    ============    ============    ============    ============

Net loss per share                   ($       .01)   ($       .02)   ($       .01)   ($       .02)   ($       .15)
                                     ============    ============    ============    ============    ============
Weighted average shares
   outstanding, basic and
   diluted                             15,610,463      15,610,463      15,610,463      15,464,751       6,625,706
                                     ============    ============    ============    ============    ============


                           See notes to condensed consolidated financial statements.

                                                       3
<PAGE>

                             RANGER INDUSTRIES, INC. AND SUBSIDARIES
                                 (A DEVELOPMENT STAGE ENTERPRISE)
                          CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                            (UNAUDITED)


                                                                 Nine Months           From Inception
                                                             Ended September 30,      (March 18, 1998)
                                                        ----------------------------      through
                                                            2002            2001       Sept. 30, 2002
                                                        ------------    ------------   --------------
Cash flows from operating activities:
   Net loss                                             ($   341,761)   ($   346,245)   ($ 1,001,283)
                                                        ------------    ------------    ------------
   Adjustments to reconcile net loss to net cash
     flows from operating activities:
       Stock-based compensation                                 --              --            19,919
       Depreciation                                            1,555            --             3,202
       Loss on sale of marketable equity securities           24,693            --            24,693
       Minority interest in loss of joint venture               --              --           (12,000)
       Change in assets and liabilities:
         Prepaid expenses and other assets                   (43,060)         11,395         (33,040)
         Accrued interest receivable                            --           (14,345)         23,503
         Accounts payable and accrued expenses               (22,666)       (539,220)       (448,200)
                                                        ------------    ------------    ------------
              Total adjustments                              (39,478)       (542,170)       (421,923)
                                                        ------------    ------------    ------------
Net cash flows from operating activities                    (381,239)       (888,415)     (1,423,206)
                                                        ------------    ------------    ------------

Cash flows from investing activities:
   Purchase of marketable equity securities                 (225,033)           --          (249,383)
   Acquisition of property and equipment                      (2,742)         (8,236)        (10,978)
   Proceeds from sale of marketable equity securities        213,542            --           213,542
   Acquisition of oil and gas properties                     (59,462)       (513,781)       (502,577)
   Cash acquired in business combination                        --        10,233,478      10,233,478
   Purchases of restricted certificate of deposit               --        (8,556,000)     (8,500,000)
                                                        ------------    ------------    ------------
Net cash flows from investing activities                     (73,695)      1,155,461       1,184,082
                                                        ------------    ------------    ------------

Cash flows from financing activities:
   Proceeds from issuance of stock                              --              --                 1
   Proceeds from notes payable                                  --         8,500,000       8,500,000
   Acquisition of treasury shares                                         (8,776,362)     (8,776,362)
   Advances from related parties                             371,920          31,646         521,855
   Repayment of related party debt                              --            (2,000)           --
                                                        ------------    ------------    ------------
Net cash flows from financing activities                     371,920        (246,716)        245,494
                                                        ------------    ------------    ------------

Net change in cash                                           (83,014)         20,330           6,370

Cash at beginning of period                                  101,234              85            --
                                                        ------------    ------------    ------------

Cash at end of period
   (exclusive of restricted cash of $8,500,000)         $     18,220    $     20,415    $      6,370
                                                        ============    ============    ============

Supplemental disclosure of cash flow information:

Cash paid for interest                                  $    414,080    $    344,673    $    900,235
                                                        ============    ============    ============


                      See notes to condensed consolidated financial statements.

                                                  4
</TABLE>
<PAGE>

                    RANGER INDUSTRIES, INC. AND SUBSIDIARIES
                        (A DEVELOPMENT STAGE ENTERPRISE)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
         AND FROM INCEPTION (MARCH 18, 1998) THROUGH SEPTEMBER 30, 2002
                                   (UNAUDITED)

1.   Nature of business, basis of presentation and summary of significant
     accounting policies:

     Interim financial statements:

     The interim financial statements of Ranger Industries, Inc. and
     Subsidiaries which are included herein are unaudited and have been prepared
     in accordance with generally accepted accounting principles for interim
     financial information and with the instructions to Form 10-QSB. In the
     opinion of management, these interim financial statements include all the
     necessary adjustments to fairly present the results of the interim periods,
     and all such adjustments are of a normal recurring nature. The interim
     results reflected in the accompanying financial statements are not
     necessarily indicative of the results of operations for a full fiscal year.

     Nature of business and basis of presentation:

     Bumgarner Enterprises, Inc. ("Bumgarner" or the "Company") was incorporated
     under the laws of the State of Florida in March 1998. There was no
     significant business activity from inception through October 2000. In
     October 2000, the Company acquired assets in the oil and gas industry
     through a joint venture investment and has subsequently pursued exploration
     and development of those and other similar properties.

     In February 2001, Bumgarner merged with Ranger Industries, Inc.'s ("Ranger"
     or the "Registrant") subsidiary (BEI Acquisition Corporation) in
     consideration of Ranger's issuance of 14,720,000 shares for 100% of
     Bumgarner's issued and outstanding stock. This transaction was accounted
     for in accordance with reverse acquisition accounting principles as though
     it were a re-capitalization of Bumgarner and a sale of shares by Bumgarner
     in exchange for the net assets of Ranger. In February 2001, Bumgarner
     completed a tender offer for 4,225,000 shares of Ranger common stock at
     $2.00 per share. Simultaneously, Bumgarner acquired an additional 163,181
     shares pursuant to the terms of a related merger and acquisition agreement.
     The acquisition was financed through a bank loan in the amount of
     $8,500,000, which is collateralized by an equivalent amount in cash and
     cash equivalents.

     The accompanying statements of operations for the three and nine months
     ended September 30, 2002 and 2001 include the results of operations and
     cash flows of Bumgarner for those periods and the results of operations and
     cash flows of Ranger from the date of acquisitions (February 6, 2001)
     through September 30, 2002.

                                       5
<PAGE>

                    RANGER INDUSTRIES, INC. AND SUBSIDIARIES
                        (A DEVELOPMENT STAGE ENTERPRISE)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
         AND FROM INCEPTION (MARCH 18, 1998) THROUGH SEPTEMBER 30, 2002
                                   (UNAUDITED)

2.   Oil and gas properties:

     Supplemental information with respect to oil and gas properties is as
     follows:

     Capitalized costs relating to oil and gas exploration and development
     activities at September 30, 2002:

          Property acquisition exploration costs              $120,824
          Development costs                                    493,754
                                                              --------
                                                              $614,578
                                                              ========

     Costs incurred in oil and gas exploration and development activities for
     the nine months ended September 30, 2002:

          Property acquisition costs:
                       Proved                                  $13,286
                       Unproved                                    850
          Exploration costs                                       --
          Development costs                                     45,326
                                                               -------
                                                               $59,462
                                                               =======

     Note: Substantially all oil and gas costs incurred are attributable to the
     majority interest in the joint venture.

3.   Related party transactions:

     Due to related parties:

     Due to related parties represents unsecured advances from the President of
     the Company and entities affiliated through partial common ownership or
     control. These advances generally bear interest at 8% and mature December
     31, 2003. Of these amounts, $95,534 represents accrued payroll to the
     President of the Company, payment of which has been deferred to December
     31, 2003. Interest expense on related party advances aggregated $19,337 for
     the nine months ended September 30, 2002.

                                       6
<PAGE>

                    RANGER INDUSTRIES, INC. AND SUBSIDIARIES
                        (A DEVELOPMENT STAGE ENTERPRISE)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
         AND FROM INCEPTION (MARCH 18, 1998) THROUGH SEPTEMBER 30, 2002
                                   (UNAUDITED)

3.   Related party transactions (continued):

     Other fees:

     One of the partners in the Joint Ventures (Inter-Oil & Gas Group, Inc. -
     "Interoil") manages the joint ventures and is reimbursed for any costs it
     incurs in that regard. Total amounts due to Interoil and an officer of that
     Company aggregated $68,126 at September 30, 2002, all of which were
     capitalized as investment in oil and gas properties and included in
     accounts payable in the accompanying September 30, 2002 balance sheet.
     There were no payments in 2001.

4.   Income taxes:

     Income taxes consist of the following:

          Deferred tax benefit of operating loss carryforward   $ 128,000
          Increase in valuation allowance                        (128,000)
                                                                ---------
          Income tax expense                                    $    --
                                                                =========

     Income tax expense differs from that which would result from applying
     statutory tax rates to pre-tax loss due to the increase in the valuation
     allowance.

     Deferred tax assets consist of the deferred tax benefit from the operating
     loss carryforward of approximately $580,000, reduced by a $580,000
     valuation allowance since management cannot presently determine that it is
     more likely than not that such deferred tax assets will be realized. The
     operating loss carryfoward will expire from 2019 through 2022.

5.   Recent accounting pronouncements:

     In April 2002, the FASB issued SFAS No. 145 covering, among other things,
     the recession of SFAS No. 4, "Reporting Gains and Losses from
     Extinguishment of Debt." Under SFAS No. 4, all gains and losses from the
     extinguishment of debt were required to be aggregated and, if material,
     classified as an extraordinary item in the statement of operations. By
     rescinding SFAS 4, SFAS No. 145 eliminates the requirement for treatment of
     extinguishments as extraordinary items. The new standard is effective for
     companies with fiscal years beginning after May 15, 2002, however, early
     application of the provision is encouraged. At this time, the Company does
     not believe that this new standard will have a material effect on its
     financial statements.

                                       7
<PAGE>

                    RANGER INDUSTRIES, INC. AND SUBSIDIARIES
                        (A DEVELOPMENT STAGE ENTERPRISE)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
         AND FROM INCEPTION (MARCH 18, 1998) THROUGH SEPTEMBER 30, 2002
                                   (UNAUDITED)

5.   Recent accounting pronouncements (continued):

     In July 2002, the FASB issued SFAS No. 146, "Accounting Costs Associated
     with Exit of Disposal Activates". SFAS No. 146 covers a wide range of exit
     and disposal activities, including restructurings planned and controlled by
     management that materially change the scope of the business undertaken by
     an enterprise and disposal activities such as costs of terminating certain
     contracts, costs of consolidating facilities and some types of termination
     benefits provided to employees. SFAS 146 will be effective for exit and
     disposal activities initiated after December 31, 2002. At this time, the
     Company does not believe that this new standard will have a material effect
     on its financial statements.





                                       8
<PAGE>

ITEM 2. Management's Discussion and Analysis or Plan of Operation
-----------------------------------------------------------------

     The following discussion should be read in conjunction with Item 1 above,
and the Financial Statements, including the Notes thereto. The following
discussion should also be read in conjunction with the financial statements and
the Plan of Operations contained in the report on Form 10-KSB Ranger Industries,
Inc. ("Ranger") filed with the Securities and Exchange Commission for the year
ended December 31, 2001 (our "Annual Report"). Ranger has had no revenues from
its primary business activities in its two most recent fiscal years or the
subsequent three fiscal quarters. Consequently Ranger is providing a Plan of
Operations as required by Item 303(a) of Regulation S-B in lieu of a
Management's Discussion and Analysis.

Plan of Operations
------------------

Background. Prior to its acquisition of Bumgarner through a merger that occurred
in February 2001, Ranger did not have any business activity. At the time of that
merger, Ranger's financial resources were solely its cash on hand.

     As described more completely in our Annual Report, Ranger's business
activities changed in February 2001 when it acquired Bumgarner. Bumgarner had
acquired a 74.415% interest in the Henryetta Joint Venture and in December 2001
commenced participation in the OK'ee Mac Joint Venture, in each case with the
same affiliated company. In addition to its primary business activities, Ranger
has engaged in consulting activities that resulted in revenues of $150,000 in
2001 and no revenues during the first nine months of 2002.

Anticipated Operations in 2002. Ranger's principal goal during 2002 is to
provide the Joint Ventures with sufficient capital so that they can achieve
their lease acquisition and drilling objectives. At September 30, 2002, however,
Ranger has insufficient available working capital to accomplish these
objectives, as described in the following table:

                     Liquid Assets             $     6,370
                     Restricted Cash           $ 8,500,000
                     Current Liabilities       $ 8,634,774
                     Working Capital Deficit  ($    31,075)

     Current liabilities include Ranger's obligation to Guaranty Bank & Trust
Company of $8,500,000 which matures on January 29, 2003. Ranger does have
sufficient restricted cash pledged to repay the amount due to Guaranty Bank, but
would prefer to find other sources to repay Guaranty Bank so that Ranger can use
the restricted cash for its operations.

                                       9
<PAGE>

     Ranger has generated losses since inception and has not yet generated
revenues from its primary business activities. Currently management can control
expenses and has drastically curtailed expenditures and drilling activities
until such time as funding can be obtained. If Ranger does not achieve any
funding, Ranger will only finance its administrative activities; Ranger believes
it has adequate resources to fund administrative costs at these reduced levels
at least through 2002, principally through related party borrowings. Ranger is
actively seeking to acquire funding in excess of $2,000,000 to permit the
Company to actively resume development of oil and gas properties in Henryetta
Joint Venture and to resume acquisition of leases and exploratory development
operations with OK'ee Mac Joint Venture. Without that funding and successful
drilling of one or more wells capable of producing oil and gas in commercial
quantities, it is not likely that Ranger will be able to achieve a positive cash
flow.

     Based on its engineering analysis of geological data, Ranger believes that,
through the Henryetta and OK'ee Mac Joint Ventures, it has oil and gas resources
that merit the expenditures planned by the Company for development of these
properties.

     Management is pursuing several opportunities for funding including several
merger opportunities and lending arrangements, any one of which, if successful,
can be expected to produce the cash required to undertake the drilling necessary
to produce oil and gas from the proved reserves reflected in the geological
surveys. In addition, management is actively involved in several business
consulting opportunities which may yield revenues sufficient to support an
increased level of operating costs in 2002. Although management believes it will
be successful, there can be no assurances that the Company will achieve its
objectives in these financing and consulting endeavors.

     A promissory note exists within the consolidated group and funds
transferred in payment of that obligation are used to fund the oil and gas
investment. Management has obtained an extension of the maturity of the
promissory note to the Henryetta Joint Venture to October 2003.

     Ranger (including its wholly-owned subsidiary, Bumgarner) has no current
plans to hire additional employees, and its only capital commitments are to
complete its obligations under the promissory note to the Henryetta Joint
Venture which will provide the funds to the Joint Venture necessary for its
anticipated drilling operations.



                                       10
<PAGE>

Note of Caution Regarding Forward-looking Statements: This report on Form
10-QSB, including the information incorporated by reference herein, contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Certain statements contained in this report using
the term "may", "expects to", and other terms denoting future possibilities, are
forward looking statements. These statements include, but are not limited to,
those statements relating to development of new products, the financial
condition of Ranger (including its lack of working capital and negative cash
flow). The accuracy of these statements cannot be guaranteed as they are subject
to a variety of risks that are beyond Ranger's ability to predict or control and
which may cause actual results to differ materially from the projections or
estimates contained herein. The business and economic risks faced by Ranger and
Ranger's actual results could differ materially from those anticipated in these
forward-looking statements as a result of certain factors as described herein.







                                       11
<PAGE>

Item 3. CONTROLS AND PROCEDURES

     As required by Rule 13a-15 under the Securities Exchange Act of 1934,
     within the 90 days prior to the filing date of this report, the company
     carried out an evaluation of the effectiveness of the design and operation
     of the company's disclosure controls and procedures. This evaluation was
     carried out under the supervision and with the participation of the
     Company's management, the person serving as the Company's Chairman/Chief
     Executive Officer/Principal Financial and Accounting Officer, who concluded
     that the Company's disclosure controls and procedures are effective. There
     have been no significant changes in the Company's internal controls or in
     other factors, which could significantly affect internal controls
     subsequent to the date the Company carried out its evaluation.

     Disclosure controls and procedures are controls and other procedures that
     are designed to ensure that information required to be disclosed in the
     Company 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
     Company reports filed under the Exchange Act is accumulated and
     communicated to management, including the Company's Chief Executive
     Officer/Principal Financial Officer as appropriate, to allow timely
     decisions regarding required disclosure.




                                       12
<PAGE>

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings.
--------------------------

     There are no material pending legal or regulatory proceedings against
Ranger, and it is not aware of any that are known to be contemplated.

Item 2. Changes in Securities and Use of Proceeds.
--------------------------------------------------

     None.

Item 3. Defaults Upon Senior Securities.
----------------------------------------

     None.

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

     No matter was submitted during the first quarter of the fiscal year covered
by this report to a vote of security holders, through the solicitation of
proxies or otherwise.

Item 5. Other Information.
--------------------------

     None.

ITEM 6. Exhibits and Reports on Form 8-K

     (a)  Exhibits:

          15.  Letter from Aidman Piser & Company, P.A. dated November 8, 2002
               on Interim Unaudited Financial Information

          99.1 Certification by Chief Executive and Principal Financial Officer
               pursuant to 18 U.S.C. Section 1350.

     (b)  Reports on Form 8-K:

          none


                                       13
<PAGE>


                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, Ranger
Industries, Inc. has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



Date: November 8, 2002                  /s/ Charles G. Masters
                                        ----------------------
                                        Charles G. Masters, President, Principal
                                        Executive Officer and Principal
                                        Financial and Accounting Officer


                                 CERTIFICATIONS

I, Charles G. Masters, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of RANGER INDUSTRIES,
     INC.;

2.   Based on my knowledge, this quarterly 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 quarterly 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.   I am responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
registrant and I have:

     (a)  designed such disclosure controls and procedures to ensure that
          material information relating to the registrant is made known to us by
          others, particularly during the period in which this quarterly 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 quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date;

                                       14
<PAGE>


5.   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 functions);

     (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.   I have indicated in this quarterly report whether or not 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.

Date: November 8, 2002

/s/ Charles G. Masters
----------------------
Charles G. Masters
Chief Executive Officer, Principal Financial
and Accounting Officer and President







                                       15