SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-QSB

                   Quarterly Report Under Section 13 or 15 (d)
                     Of the Securities Exchange Act of 1934

                        For Quarter Ended: June 30, 2003

                        Commission File Number: 0-4846-3

                             LumaLite Holdings, Inc.
             (Exact name of registrant as specified in its charter)

             NEVADA                                              82-0288840
         ---------------                                     ------------------
(State or other jurisdiction of                                (IRS Employer
  incorporation or organization)                             Identification No.)

                    378 North Main, #124; Layton, Utah 84041
                    (Address of principal executive offices)

Registrant's telephone number including area code:               (801) 497.9075
                                                                 --------------



                  Former Address, if changed since last report

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 such shorter  period that the  registrant was
required to file such reports)

                                    Yes X No

and (2) has been subject to such filing requirements for the past 90 days.

                                    Yes X No

                                   21,714,490

              (Number of shares of common stock the registrant had
                        outstanding as of July 15, 2003)
                                          --------------




<PAGE>



                                     PART 1

ITEM 1 - FINANCIAL STATEMENTS

         The condensed  financial  statements included herein have been prepared
by the Company,  pursuant to the rules and  regulations  of the  Securities  and
Exchange Commission.

         In the opinion of the  Company,  all  adjustments,  consisting  of only
normal recurring adjustments, necessary to present fairly the financial position
of the Company as of June 30, 2003 and the results of its operations and changes
in its financial position from December 31, 2002 through June 30, 2003 have been
made. The results of its  operations for such interim period is not  necessarily
indicative of the results to be expected for the entire year.


<PAGE>



                             LUMALITE HOLDINGS, INC.
                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                               (Unaudited)
                                                                                 June 30,          December 31,
                                                                                   2003                2002
                                                                            ------------------  ------------------

<S>                                                                         <C>                 <C>
ASSETS                                                                      $                -  $                -
                                                                            ==================  ==================

LIABILITIES AND
STOCKHOLDERS' EQUITY
Current Liabilities:

   Accounts Payable and Accrued Expenses                                    $          115,034  $            5,000
   Net liabilities of discontinued operations                                                -             221,556
                                                                            ------------------  ------------------

     Total Current Liabilities                                                         115,034             226,556

Notes Payable                                                                          358,773                   -
                                                                            ------------------  ------------------

     Total Liabilities                                                                 473,807             226,556
                                                                            ------------------  ------------------

Stockholders' Equity

   Preferred Stock, par value $.001 per share
      Authorized 10,000,000 shares,

      None issued at June 30, 2003 and December 31, 2002                                     -                   -

   Common Stock, par value $.001 per share,
       100,000,000 shares authorized, 9,714,490 shares
      issued at June 30, 2003 and 28,964,234 shares
      issued at December 31, 2002                                                        9,715              28,964
  Additional Paid-in Capital                                                            97,448             312,978
  Accumulated Deficit                                                                 (580,970)           (568,498)
                                                                            ------------------  ------------------

     Total Stockholders' Equity                                                       (473,807)           (226,556)
                                                                            ------------------  ------------------

     Total Liabilities and

       Stockholders' Equity                                                 $                -  $                -
                                                                            ==================  ==================
</TABLE>





                 See accompanying notes to financial statements
                                        3


<PAGE>



                             LUMALITE HOLDINGS, INC.
                            STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                   (Unaudited)                          (Unaudited)
                                               For the Three Months                  For the Six Months
                                                  Ended June 30,                         Ended June 30,
                                        -----------------------------------  --------------------------------------
                                               2003              2002               2003                2002
                                        ------------------ ----------------  ------------------  ------------------
<S>                                     <C>                <C>               <C>                 <C>
Continuing operations:
Revenues                                $                - $              -  $                -  $                -

Costs and expenses

  General and administrative                        15,265              780              99,369              23,289
  Interest                                          12,665                -              12,665                   -
                                        ------------------ ----------------  ------------------  ------------------

     Net income (loss)

        from continuing operations                 (27,930)            (780)           (112,034)            (23,289)

Discontinued operations:
 Income (loss) from operations
    of discontinued operations                           -          115,757            (112,802)             73,288

  Gain (loss) on disposal
     of subsidiary (LumaLite, Inc.)                      -                -             212,364                   -
                                        ------------------ ----------------  ------------------  ------------------

  Net income (loss) from
     Discontinued operations                             -          115,757              99,562              73,288
                                        ------------------ ----------------  ------------------  ------------------

Net Income (Loss)                       $          (27,930)$        114,977  $          (12,472) $           49,999
                                        ================== ================  ==================  ==================

Basic & Diluted loss per share
  Income (loss) from

     continuing operations                               -                -                   -                   -
  Income (loss) from

     discontinued operations                             -                -                   -                   -
                                        ------------------ ----------------  ------------------  ------------------

                                        $                - $              -  $                -  $                -
                                        ================== ================  ==================  ==================
</TABLE>










                 See accompanying notes to financial statements
                                        4


<PAGE>



                             LUMALITE HOLDINGS, INC.
                            STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                      (Unaudited)
                                                               For the six months ended
                                                                        June 30,
                                                          -------------------------------------
                                                                2003                2002
                                                          -----------------  ------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                       <C>                <C>
   Net Income (Loss)                                      $         (12,472) $           49,999
   Change in net liabilities of discontinued
     operations                                                           -             (73,288)
   Loss from operations of discontinued
      operations                                                    112,802
   Gain on disposal of subsidiary                                  (212,364)
Adjustments necessary to reconcile net loss
 to net cash used in operating activities:
      Increase (decrease) in accounts payable                       110,034              22,496
                                                          -----------------  ------------------
  Net Cash Used in continuing operations                             (2,000)               (793)
                                                          -----------------  ------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
Net cash provided by (used) investing activities                          -                   -
                                                          -----------------  ------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
  Issuance of common stock                                            2,000                   -
                                                          -----------------  ------------------
  Net Cash Provided by Financing Activities                           2,000                   -
                                                          -----------------  ------------------

Net (Decrease) Increase in
  Cash and Cash Equivalents                                               -                (793)
Cash and Cash Equivalents
  at Beginning of Period                                                  -                 793
                                                          -----------------  ------------------
Cash and Cash Equivalents

  at End of Period                                        $               -  $                -
                                                          =================  ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
  Interest                                                $               -  $                -
  Franchise and income taxes                              $               -  $                -
</TABLE>
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND
FINANCING ACTIVITIES:
See footnote 6

                 See accompanying notes to financial statements
                                        5


<PAGE>



                        Notes to the Financial Statements
                                  June 30, 2003

NOTE 1  - Interim Financial Statements

The  financial  statements  for the six months ended June 30, 2003 were prepared
from  the  books  and  records  of the  company.  Management  believes  that all
adjustments  have  been  made  to  the  financial  statements  to  make  a  fair
presentation of the financial  condition of the company as of June 30, 2003. The
results of the six months are not indicative of a full year of operation for the
Company.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been condensed or omitted. It is suggested that these financial  statements
be read in conjunction with the financial  statements and notes thereto included
in the Company's December 31, 2002 audited financial statements.  The results of
operations for the periods ended June 30, 2003 are not necessarily indicative of
the operating results for the full year.

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS.

         Liquidity and Capital  Resources.  The Company has no liquid assets and
is currently in the process of looking for business  opportunities to merge with
or  acquire.  At  minimum,  the Company  will need to raise  additional  capital
through private funding to meet the financial needs of being a reporting company
and to meet the obligations of the current accounts payable.  Historically,  the
Company  has  been  successful  in  raising  operational  capital.  There  is no
guarantee that the Company will be successful in obtaining  necessary funding to
develop any business opportunities.

         Results of  Operation.  The Company  reported a net loss of $27,930 for
the six months ended June 30, 2003, and net income of $49,999 for the six months
ended June 30, 2002.  The Company  anticipates  very little or no overhead  from
future  operations until a successor  business can be acquired or merged. In May
2003, two million shares of common stock of the Company were issued for services
rendered to the Company.

         Plan of Operations.  The Company is currently in the process of looking
for business  opportunities to acquire or merge with. There is no guarantee that
management will be successful in finding such an opportunity.

ITEM 3 - CONTROLS AND PROCEDURES.

         (a)  Evaluation of disclosure  controls and  procedures.  The Company's
principal executive officer and its principal financial officer,  based on their
evaluation of the Company's  disclosure  controls and  procedures (as defined in
Exchange Act Rules 13a-14 (c) as of a date within 90 days prior to the filing of
this  Quarterly  Report  on  Form  10QSB,  have  concluded  that  the  Company's
disclosure  controls and  procedures are adequate and effective for the purposes
set forth in the definition in Exchange Act rules.

                                        6


<PAGE>



         (b) Changes in internal controls.  There were no significant changes in
the Company's  internal  controls or in other  factors that could  significantly
affect  the  Company's  internal  controls  subsequent  to  the  date  of  their
evaluation.

                                     PART II

OTHER INFORMATION

Item 1.       Legal Proceedings.............................................None

Item 2.       Changes in Securities.........................................None

Item 3.       Defaults Upon Senior Securities...............................None

Item 4.       Submission of Matters to a Vote of Security Holders...........None

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

              Subsequent  to the end of the quarter,  eleven  million  shares of
common  stock of the  Company  were issued at par value for  expenses  paid by a
third party.  One million  shares of common stock of the Company were issued for
services  provided  by  the  President  of  the  Company  in  locating  business
investors. These services were valued at $2,000.

Item 6.       Exhibits and Reports on Form 8-K

(a) Exhibits. The following exhibit is filed with this report:

              31 and 32 Written  Statement of Chief Executive  Officer and Chief
              Financial Officer with respect to compliance with Section 13(a) or
              15(d) of the Securities Exchange Act of 1934.

                                   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 authorized officer.

Dated July 28, 2003               Lumalite Holdings, Inc.

                                  By: /s/ Scott Hosking
                                      ------------------------------------------
                                  Scott Hosking

                                        7