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 September 30, 2002

      [   ]  TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934


   For the transition period from ___________ to ______________

               COMMISSION FILE NUMBER   000-32621


                    INTAC INTERNATIONAL, INC.
(Exact name of Small Business Issuer as specified in its charter)

            NEVADA                           98-0336945
(State or other jurisdiction of            (IRS Employer
incorporation or organization)          Identification No.)


                Units 3-5, 17/F., Clifford Centre
                   778-784 Cheung Sha Wan Road
                       Kowloon, Hong Kong
            (Address of principal executive offices)

                         (852) 2385.8789
                   (Issuer's telephone number)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. [ X ] Yes    [   ] No

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:
19,139,455 shares of $.001 par value Common Stock outstanding as
of November 14, 2002.

<PAGE>


                 PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements

           INTAC INTERNATIONAL, INC. AND SUBSIDIARIES
                   CONSOLIDATED BALANCE SHEETS
                   (EXPRESSED IN U.S. DOLLARS)

<TABLE>
<CAPTION>

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

                                                              <c>             <c>
Assets
Current assets
   Cash and cash equivalents                                     $  1,167,297    $  1,258,973
   Trade accounts receivable (net of allowance for doubtful
     accounts of $0)                                                4,006,723         224,149
   Inventories                                                        408,883             820
   Foreign sales tax receivable                                       593,435         728,506
   Deposits and other receivable                                      653,375         255,097
                                                                 ------------    ------------
      Total current assets                                          6,829,713       2,467,545

Equipment, net                                                        186,308          44,106
Other assets                                                           77,344          51,850
Goodwill                                                               59,115          59,021
                                                                 ------------    ------------

      Total assets                                               $  7,152,480    $  2,622,522
                                                                 ============    ============

Liabilities and Stockholders' Equity
Current liabilities
   Trade accounts payable                                        $  4,336,776    $     74,035
   Due to shareholder                                                 465,773          55,573
   Income taxes payable                                                67,204          39,598
   Deposits received                                                  184,284              --
   Accrued expenses                                                   181,222         218,318
                                                                 ------------    ------------
      Total current liabilities                                     5,235,259         387,524

Stockholders' Equity
  Preferred stock, $0.001 par value, 10,000,000 shares
     authorized; none issued and outstanding                               --              --
  Common stock, $0.001 par value, 100,000,000 shares
     authorized; 19,139,455 and 19,089,455 shares issued
     and outstanding, respectively                                     19,139          19,089
  Additional paid-in capital                                        3,022,296       2,763,346
  Accumulated deficit                                                (896,883)       (547,554)
  Note receivable from shareholder                                     (1,282)         (1,282)
  Accumulated other comprehensive income (loss)                      (226,049)          1,399
                                                                 ------------    ------------
      Total stockholders' equity                                    1,917,221       2,234,998
                                                                 ------------    ------------

      Total liabilities and  stockholders' equity                $  7,152,480    $  2,622,522
                                                                 ============    ============
</TABLE>

See accompanying notes to consolidated financial statements.


                               -2-


<PAGE>

           INTAC INTERNATIONAL, INC. AND SUBSIDIARIES
              CONSOLIDATED STATEMENTS OF OPERATIONS

                   (EXPRESSED IN U.S. DOLLARS)
                           (UNAUDITED)

<TABLE>
<CAPTION>

                                                           Three Months Ended              Nine Months Ended
                                                               September 30,                 September 30,
                                                       ---------------------------   ---------------------------
                                                           2002           2001           2002          2001
                                                       ------------   ------------   ------------   ------------

                                                    <c>            <c>            <c>            <c>
Revenues                                               $ 31,975,827   $  6,923,055   $ 59,850,927   $ 12,356,703
Cost of goods sold                                       31,142,935      6,467,810     58,612,478     11,788,057
                                                       ------------   ------------   ------------   ------------
          Gross profit                                      832,892        455,245      1,238,449        568,646

Operating expenses                                          112,246             --        277,942             --
Selling, general and administrative expenses                617,954        185,845      1,518,855        194,247
                                                       ------------   ------------   ------------   ------------
          Total expenses                                    730,200        185,845      1,796,797        194,247
                                                       ------------   ------------   ------------   ------------

Income (loss) from operations                               102,692        269,400       (558,348)       374,399

Foreign currency exchange gain (loss)                       (65,700)       (15,276)       221,345             --
Other income (expense)                                       (5,818)        18,835         23,896             76
Interest income, net                                          3,694             64          4,888             64
                                                       ------------   ------------   ------------   ------------
           Total other income (expense)                     (67,824)         3,623        250,129            140
                                                       ------------   ------------   ------------   ------------

Income (loss) before taxes                                   34,868        273,023       (308,219)       374,539
Income tax expense                                           41,110         83,780         41,110         83,780
                                                       ------------   ------------   ------------   ------------

Net income (loss)                                      $     (6,242)  $    189,243   $   (349,329)  $    290,759
                                                       ============   ============   ============   ============

Net income (loss) per share - basic and diluted        $       0.00   $       0.04   $      (0.02)  $       0.06
                                                       ============   ============   ============   ============

Weighted average number of shares outstanding
   - basic and diluted                                   19,139,455      5,000,000     19,139,455      5,000,000
                                                       ============   ============   ============   ============

</TABLE>


See accompanying notes to consolidated financial statements.


                               -3-


<PAGE>

           INTAC INTERNATIONAL, INC. AND SUBSIDIARIES
              CONSOLIDATED STATEMENTS OF CASH FLOWS

                   (expressed in U.S. Dollars)
                           (Unaudited)


<TABLE>
<CAPTION>


                                                                 Nine Months Ended
                                                                   September 30,
                                                            ---------------------------
                                                                2002           2001
                                                            ------------   ------------

                                                         <c>            <c>
Cash flows from operating activities:
    Net income (loss) for the period                        $   (349,329)  $    290,759
Adjustments to reconcile net income (loss) to net cash
  provided by (used in) operating activities:
    Depreciation of property and equipment                        13,531            190
    Equity related compensation                                   39,000             --
    Other comprehensive loss                                    (227,448)            --
Changes in operating assets and liabilities:
    Trade accounts receivable                                 (3,782,574)        (1,074)
    Foreign sales tax receivable                                 135,071             --
    Inventories                                                 (408,063)        (2,314)
    Deposits and other receivables                              (398,278)       129,488
    Other assets                                                 (25,494)       402,957
    Trade accounts payable                                     4,262,741         81,314
    Income taxes payable                                          27,606         83,789
    Deposits received                                            184,284             --
    Accrued expenses                                             (37,096)       (75,509)
                                                            ------------   ------------

Net cash provided by (used in) operating activities             (566,049)       909,600
                                                            ------------   ------------

Cash flows from investing activities:
    Purchase of property and equipment                          (155,827)            --
    Purchase of subsidiary (net of cash and cash
     equivalents acquired of $867)                                    --        (21,574)
                                                            ------------   ------------

    Net cash used in investing activities                       (155,827)       (21,574)
                                                            ------------   ------------

Cash flows from financing activities:
    Advance from shareholder                                     410,200         54,583
    Proceeds from issuance of common stock                       220,000             --
    Distribution to shareholder                                       --       (420,000)
                                                            ------------   ------------

    Net cash provided by (used in) financing activities          630,200       (365,417)
                                                            ------------   ------------

Net increase (decrease) in cash                                  (91,676)       522,609

Cash and cash equivalents, beginning of period                 1,258,973             --
                                                            ------------   ------------

Cash and cash equivalents, end of period                    $  1,167,297   $    522,609
                                                            ============   ============


</TABLE>



See accompanying notes to consolidated financial statements.


                               -4-


<PAGE>

           INTAC INTERNATIONAL, INC. AND SUBSIDIARIES

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       September 30, 2002
                           (Unaudited)

1    GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     (a)  Description of Business and Basis of Presentation

     INTAC International, Inc. ("INTAC" or the "Company") is a
     U.S. holding company focused on the exploitation of
     strategic business opportunities available in China and the
     Asia-Pacific Rim region.  The Company currently maintains
     offices in China (Hong Kong, Beijing and Tianjin), Germany
     (Frankfurt) and the United States (Dallas, Texas).  During
     the period reported, the Company's principal operations
     involved the distribution of premium brand wireless handsets
     from manufacturers and other distributors to network
     operators, agents, resellers, dealers and retailers and, to
     a much lesser extent, automobile distribution from Europe
     into mainland China. The Company began testing the
     feasibility of its automobile distribution business during
     the first quarter of 2002.  During the second and third
     quarters of 2002, the Company recognized revenue of $461,384
     and $649,383, respectively, in sales of automobiles.

     In October 2001, INTAC (formerly known as Commodore
     Minerals, Inc.) effected a reverse merger by acquiring all
     of the outstanding shares of INTAC International Holdings
     Limited ("Holdings"), a Hong Kong corporation, and its
     wholly owned subsidiary, New Tech Handels GmbH, a German
     corporation. Holdings was deemed to be the acquiring entity.
     The transaction has been reflected in the accompanying
     consolidated financial statements as (1) a recapitalization
     of Holdings (consisting of a 500-for-one stock split and
     change in par value) and (2) an issuance of shares by
     Holdings in exchange for all of the outstanding shares of
     Commodore Minerals, Inc.

     The accompanying consolidated financial statements, which
     should be read in conjunction with the consolidated
     financial statements and footnotes thereto included in the
     Annual Report on Form 10-KSB for the period January 3, 2001
     (date of inception) to December 31, 2001, are unaudited
     (except for the December 31, 2001 balance sheet, which was
     derived from the Company's audited consolidated financial
     statements). The consolidated financial statements have been
     prepared in accordance with generally accepted accounting
     principles in the United States of America ("USGAAP"). In
     the opinion of management, all adjustments necessary for a
     fair presentation have been included.

     Operating results for the three and nine months ended
     September 30, 2002 and 2001, are not necessarily indicative
     of the results that may be expected for the entire fiscal
     year.

     (b)  Principles of Consolidation

     The accompanying consolidated financial statements include
     the financial statements of the Company and its wholly owned
     subsidiaries, Intac International Holdings Limited, a Hong
     Kong corporation; New Tech Handels GmbH, a German
     corporation; Futac Group Limited, a British Virgin Islands
     corporation; Global Creative International Limited, a Hong
     Kong corporation; INTAC Telecommunications Limited, a China
     corporation; and Intac Auto Mobile Trading Company Limited,
     a China corporation. All intercompany balances and
     transactions have been eliminated in consolidation.



                               -5-


<PAGE>

           INTAC INTERNATIONAL, INC. AND SUBSIDIARIES

     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


     (c)  Liquidity

     As of September 30, 2002, INTAC had an accumulated deficit
     of $896,883 primarily due to a prior year distribution to
     its principal shareholder and a net loss from operations.

     INTAC plans to raise additional financing in the fourth
     quarter of 2002 or first quarter of 2003, to fund future
     operations and expansion plans, and to provide additional
     working capital.  However, the Company cannot provide you
     with any assurance that such future financing can be
     consummated or obtained in sufficient amounts to meet the
     Company's needs. If INTAC is unable to raise additional
     financing, the Company's expansion plans and operations
     would need to be significantly curtailed.

     (d)  Use of Estimates

     Management of INTAC has made various estimates and
     assumptions relating to the reported amounts of assets and
     liabilities, the disclosure of contingent assets and
     liabilities, and the reported amounts of revenue and
     expenses to prepare these consolidated financial statements
     in conformity with USGAAP. Actual results could differ from
     those estimates.

     (e)  Net Income (Loss) Per Share

     Basic income (loss) per share is calculated by dividing net
     income (loss) by the weighted-average number of common
     shares outstanding during the period. Diluted earnings per
     share is calculated by dividing net income (loss) by the
     weighted-average number of common shares and dilutive
     potential common shares, if any, outstanding during the
     period.  For the nine months ended September 30, 2002, the
     net loss, including other comprehensive loss, was $233,690.

     (f)  Foreign Currency Translation

     The functional currency of INTAC is the Hong Kong dollar
     (HK$). The accompanying consolidated financial statements
     have been expressed in United States dollars, the reporting
     currency of INTAC.

     Reported assets and liabilities of INTAC's foreign
     subsidiaries have been translated at the rate of exchange at
     the end of each period. Revenues and expenses have been
     translated at the weighted average rate of exchange in
     effect during the respective period. Gains and losses
     resulting from translation are accumulated in other
     comprehensive income in stockholders' equity. Realized
     translation gain (loss) on currency transactions between
     foreign entities is included in other income (expense) in
     the statement of operations.

     Effective July 1, 2002, the Company changed the recording of
     unrealized translation gains and losses on an intercompany
     account to reflect the long-term nature of this balance.
     Previously, unrealized translation gains and losses were
     recorded to the statement of operations.  The effect of this
     change in the three months ended September 30, 2002 was an
     unrealized loss on foreign currency translation of $235,705
     recorded to other comprehensive income in stockholders'
     equity.



                               -6-


<PAGE>

           INTAC INTERNATIONAL, INC. AND SUBSIDIARIES

     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

2    INVENTORIES

     Inventories for wireless handsets are stated at the lower of
     cost or market and are comprised of finished goods. Cost is
     determined using the weighted average method.

     Inventories for vehicles are stated at the actual amount
     paid to manufacturers or market, if lower.

     At September 30, 2002, inventory consisted of wireless
     handsets totaling $181,696 and vehicles totaling $227,187.

3    INCOME TAXES

     For the three and nine months ended September 30, 2002,
     income tax expense related to foreign subsidiary taxable
     income totaled $41,110.  This income tax expense consisted
     of $18,771 for the German operations and $22,339 for the
     Hong Kong operations.

4    UNAUDITED PRO FORMA INFORMATION

     On September 1, 2001, Holdings acquired all of the
     outstanding shares of New Tech Handels GmbH from a related
     party.  The results of New Tech Handels GmbH have been
     included in the consolidated financial statements since that
     date.

     Unaudited pro forma financial information for the nine
     months ended September 30, 2001, as though the acquisition
     of New Tech Handels GmbH had occurred on January 3, 2001
     (date of inception) is as follows:

                                   Nine Months Ended
                                   September  30, 2001
                                   -------------------

          Revenues                      $   12,965,439
                                        ==============

          Net income                    $      214,883
                                        ==============
          Net income per share -
          basic and diluted             $         0.04
                                        ==============

5    ADVANCES FROM SHAREHOLDER

     As of September 30, 2002, Mr. Zhou (President, CEO and
     Director of the Company) had made net advances of $465,773
     to the Company.




                               -7-


<PAGE>


6    STOCKHOLDERS' EQUITY

     On July 29, 2002, the Company made the following stock
     option grant and restricted stock award to J. David Darnell,
     Senior Vice President and Chief Financial Officer:  (i) a
     stock option to purchase 300,000 shares of the Company's
     common stock at an exercise price of $3.50 per share
     representing the market value on the date of grant and
     (ii) a restricted stock award of 200,000 shares of the
     Company's common stock.  This stock option and restricted
     stock award vest in three equal annual installments on the
     first three anniversary dates of the date of grant.  As a
     result of the restricted stock award, there is a non-cash
     compensation charge of $39,000 in the statement of
     operations for the three months ended September 30, 2002.

     During the three months ended September 30, 2002, a private
     investor acquired 50,000 shares of the Company's common
     stock in a private placement effected pursuant to Section
     4(2) of the Securities Act of 1933, as amended. This
     transaction resulted in net proceeds to the Company of
     approximately $220,000.


7    SEGMENT REPORTING

     The Company is currently considered to be comprised of two
     reportable segments:  (i) distribution of wireless handsets
     and (ii) distribution of automobiles.  The Company measures
     segment profit as EBITDA.  EBITDA is defined as earnings
     (loss) before interest, taxes, depreciation, and
     amortization.  As used herein, EBITDA is not intended as
     either a substitute or replacement for operating income (as
     reported according to USGAAP), as a measure of the financial
     results of operations or cash flows from operations (as
     presented according to USGAAP).  Information regarding
     operating segments as of and for the three and nine months
     ended September 30, 2002 and 2001, is presented in the
     following tables:

<TABLE>
<CAPTION>


                                                          Revenues            EBITDA
                                                       -------------       -------------
     
                                               <c>                 <c>
     Three Months Ended September 30, 2002
     -------------------------------------
     Wireless handset distribution segment             $  31,514,443       $      94,396
     Automobile distribution segment                         461,384              13,242
                                                       -------------       -------------
     Total                                             $  31,975,827       $     107,638
                                                       =============       =============

     Three Months Ended September 30, 2001
     -------------------------------------
     Wireless handset distribution segment             $   6,923,055       $     254,314
     Automobile distribution segment                              --                  --
                                                       -------------       -------------
     Total                                             $   6,923,055       $     254,314
                                                       =============       =============

</TABLE>




                                       -8-


<PAGE>





<TABLE>
<CAPTION>

                                                          Revenues            EBITDA
                                                       -------------       -------------
     
                                               <c>                 <c>
     Nine Months Ended September 30, 2002
     ------------------------------------
     Wireless handset distribution segment             $  58,740,160       $    (570,358)
     Automobile distribution segment                       1,110,767              25,635
                                                       -------------       -------------
     Total                                             $  59,850,927       $    (544,723)
                                                       =============       =============

     Nine Months Ended September 30, 2001
     ------------------------------------
     Wireless handset distribution segment             $  12,356,703       $     374,589
     Automobile distribution segment                              --                  --
                                                       -------------       -------------
     Total                                             $  12,356,703       $     374,589
                                                       =============       =============
</TABLE>

     A reconciliation from the segment information to the net
     income (loss) for the three and nine months ended
     September 30, 2002 and 2001, is as follows:

<TABLE>
<CAPTION>

                                                Three Months                  Nine Months
                                             Ended September 30,           Ended September 30,
                                        ---------------------------   ---------------------------
                                            2002           2001           2002          2001
                                        ------------   ------------   ------------   ------------
     
                                <c>            <c>            <c>            <c>
     EBITDA                             $    107,638   $    269,590   $   (544,723)  $    374,589
     Depreciation and amortization            (4,946)          (190)       (13,625)          (190)
                                        ------------   ------------   ------------   ------------
                                             102,692        269,400       (558,348)       374,399
     Other income (expense)                  (71,518)         3,559        245,241             76
     Interest income, net                      3,694             64          4,888             64
     Income tax expense                      (41,110)       (83,780)       (41,110)       (83,780)
                                        ------------   ------------   ------------   ------------
     Net income (loss)                  $     (6,242)  $    189,243   $   (349,329)  $    290,759
                                        ============   ============   ============   ============


</TABLE>


                               -9-


<PAGE>

     Total assets for the operating segments as of September 30,
     2002, and December 31, 2001, are as follows:

                                                   Total Assets at
                                              ---------------------------
                                              September 30,  31 December,
                                                  2002           2001
                                              ------------   ------------
      Wireless handset distribution segment   $  6,091,669   $  2,622,522
      Automobile distribution segment            1,060,811             --
                                              ------------   ------------
      Total                                   $  7,152,480   $  2,622,522
                                              ============   ============









                              -10-


<PAGE>

Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
          OPERATION

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
---------------------------------------------------------

The following Management's Discussion and Analysis or Plan of
Operation contains forward-looking statements.  These statements
include, without limitation, the following:

  *  statements made concerning the revenues or operating
     performance expected for the year ending December 31, 2002;

  *  our ability to operate for any period of time without the
     infusion of additional working capital;

  *  our plans for future expansion;

  *  our ability to achieve satisfactory operating performance;

  *  the viability of our business model;

  *  our expansion into other businesses and pursuit of other
     business opportunities;

  *  our intent to focus our business operations in specific
     geographic markets; and

  *  statements that contain the words "may," "will," "expect,"
     "believe," "plan," "intend," "anticipate," "estimate,"
     "continue," and similar expressions.

You should be aware that these "forward-looking" statements are
subject to a number of risks, assumptions and uncertainties, such
as:

  *  our immediate need for additional working capital;

  *  the low-margin nature of our distribution businesses and the
     increased expense structure assumed by us as a U.S. public
     company;

  *  our status as an early-stage company with an evolving,
     unproven and unpredictable business model;

  *  changes in general business conditions or distribution
     channels in the wireless handset or automobile industries,
     and our ability to react to these changes;

  *  the impact of competition in the wireless handset
     distribution and automobile distribution industries, as well
     as in industries that we may operate in the future;

  *  our ability to continue to sell equipment outside of
     traditional distribution channels;

  *  the anticipated benefits of our industry contacts and
     strategic relationships;

  *  our ability to continue to purchase sufficient equipment on
     terms favorable to us;

  *  political and economic events and conditions in China and
     other geographic markets in which we operate;

  *  the results of our intended diversification into other
     industries and geographic regions;

  *  our relatively few number of current suppliers and
     customers;



                              -11-


<PAGE>

  *  our lack of supply contracts with our vendors or
     distribution contracts with our customers;

  *  our anticipated rise in operating expenses;

  *  the concentration of a significant portion of our wireless
     handset distribution business with a few large customers;

  *  the highly competitive and constantly changing nature of the
     international wireless and automobile distribution
     industries;

  *  our ability to react to market opportunities;

  *  complex regulations that apply to us as an operating company
     in China and elsewhere;

  *  changes in interest rates, foreign currency fluctuations and
     capital market conditions, particularly those that may
     affect the availability of credit for our products and
     services; and

  *  other factors including those detailed under the heading
     "Business Risk Factors" in our Annual Report on Form 10-KSB
     for the year ended December 31, 2001.

This list is only an example of some of the risks that may affect
these forward-looking statements.  If any of these risks or
uncertainties materialize (of if they fail to materialize), or if
the underlying assumptions are incorrect, then actual results may
differ materially from those projected in the forward-looking
statements. Readers of this report should recognize that an
investment in INTAC is particularly risky.

You should not unduly rely on these forward-looking statements,
which speak only as of the date of this filing. Except as
required by law, we are not obligated to publicly release any
revisions to these forward-looking statements to reflect events
or circumstances occurring after the date of this filing or to
reflect the occurrence of unanticipated events. All subsequent
written and oral forward-looking statements attributable to us,
or persons acting on our behalf, are expressly qualified in their
entirety by the forward-looking statements set forth in this
report.

Overview and Plan of Operation
------------------------------

You should read the following discussion with our consolidated
financial statements and footnotes thereto included in the
Company's Annual Report on Form 10-KSB for the period January 3,
2001 (date of inception) to December 31, 2001.

The Company was incorporated under the name "Commodore Minerals,
Inc." under the laws of the State of Nevada on September 20,
2000, as a development stage corporation. Its initial business
operations concentrated on mineral exploration. Although it never
conducted any mineral exploration activities directly, it
partnered with others in mineral exploration activities.

On September 28, 2001, Wei Zhou, our President, Chief Executive
Officer and a Director, acquired a controlling interest in the
Company by purchasing 7,000,000 shares of its stock in a private
transaction with one of the organizers of Commodore Minerals, Inc.
("Commodore"). On October 13, 2001, we entered into a
Reorganization Agreement with Intac International Holdings
Limited ("Holdings") and the shareholders of Holdings, including
Mr. Zhou, pursuant to which Mr. Zhou and the other shareholders
of Holdings conveyed their stock in Holdings to us in exchange
for the issuance of an aggregate of 5,000,000 shares of our
common stock (the "Reorganization"). Pursuant to that
transaction, we changed our name from Commodore Minerals, Inc. to
INTAC International, Inc. Holdings became our wholly owned
subsidiary and New Tech Handels GmbH, previously a subsidiary of
Holdings, became our indirect subsidiary. For accounting
purposes, the Reorganization was treated as a recapitalization of
Holdings, with the effect that our financial statements reflect
the historic business operations of Holdings.



                              -12-


<PAGE>

We operate through seven direct and indirect wholly-owned
subsidiaries, including:

  *  INTAC International Holdings Limited, a Hong Kong
     corporation formed on January 3, 2001, which acts as the
     primary distributor of telecommunications products into Asia-
     Pacific;

  *  New Tech Handels GmbH, a German corporation formed on
     January 20, 2000 and acquired by Holdings in October 2001,
     which acts as our primary purchasing agent and distributor
     of products into Europe;

  *  INTAC Holdco Corp., a Delaware corporation formed on October
     10, 2001, which holds certain of the shares of INTAC
     International Holdings Limited;

  *  FUTAC Group Limited, a British Virgin Islands corporation
     formed on January 2, 2002, which imports automobiles for
     distribution into mainland China;

  *  Global Creative International Limited, a Hong Kong
     corporation formed on March 15, 2002, which acts as a
     distributor of second hand telecommunications products into
     Asia-Pacific;

  *  INTAC Telecommunications Limited, a Hong Kong corporation
     formed on March 8, 2002, which acts as a distributor of
     telecommunications products into Asia-Pacific; and

  *  INTAC Auto Mobile Trading Company Limited, a China
     corporation formed on April 9, 2002, which imports
     automobiles for distribution into mainland China.

The Company is a U.S. holding company focused on the exploitation
of strategic business opportunities available in China and the
Asia-Pacific Rim region. During the period reported, the
Company's principal business operations involved the distribution
of premium brand wireless handsets from manufacturers and other
distributors to network operators, agents, resellers, dealers and
retailers. To a much lesser extent, the Company also distributed
automobiles into mainland China from Europe. Although the Company
expects to spend substantially all of its time over the near term
operating its wireless handset distribution business and
determining the viability of its automobile distribution
business, the Company may make additional diversified investments
in China and the Asia-Pacific Rim region which demonstrate to
management favorable growth potential.  No assurances can be
given that the Company will be able to locate such opportunities,
that management will be able to exploit such opportunities or
that we will have adequate financial, management or other
resources to realize upon such investment opportunities.

Our plan of operation for the next twelve months calls for the
following:

  *  consummating a definitive agreement with China United
     Telecommunications Corporation ("China Unicom"), a state-
     owned telecommunications service provider in China, for a
     strategic alliance to become an authorized reseller of
     wireless mobile services offered by the Chengdu Branch of
     China Unicom in the  Sichuan  Province in  mainland China.
     In addition, capitalizing on this expanded market for its
     wireless handset products by cross-selling the handset with
     the wireless service offering;

  *  consummating a definitive agreement with China Putian
     Corporation ("Putian"), the largest telecom manufacturing
     company owned by the Chinese government, for a strategic
     alliance to introduce advanced technologies and product
     designs into China through Putian's production facilities
     and distribution networks;

  *  negotiating and consummating a transaction to provide us
     with additional working capital;

  *  eliminating the Company's cash burn and positioning the
     Company to operate profitably;

  *  developing a suitable managerial, operational and financial
     infrastructure to support possible growth;



                              -13-

<PAGE>

  *  establishing additional sources of supply;

  *  further developing our network of wholesalers, agents,
     retailers and other distributors worldwide, particularly in
     the Asia-Pacific region;

  *  recruiting sales personnel to further expand our global
     reach;

  *  evaluating the operating performance of the automobile
     distribution segment begun in the first quarter of 2002 and
     determining whether to devote further resources thereto;

  *  to the extent we have adequate working capital, increasing
     the number of full and part-time employees by approximately
     25 by the end of 2002 over the number employed at
     December 31, 2001; and

  *  assuming the availability of working capital, management and
     other resources, locating additional suitable investment
     opportunities.

Assuming our operating performance remains consistent with recent
periods or improves, we believe that we have adequate cash
resources to continue the operations of the Company for the next
12 months. However, no assurances can be given that our
assumptions will prove correct or that unforeseen circumstances
will not arise in the future requiring more cash than currently
anticipated. Unless the Company is able to significantly improve
its operating performance, additional outside financing will be
difficult to obtain on acceptable terms, if at all. Consequently,
if the cash currently maintained by the Company is insufficient,
or if the Company is unable to obtain additional financing as
needed, it is likely that the Company would be required to cease
operations altogether, including, potentially earlier than 12
months from the date of this report.









                              -14-


<PAGE>

Results of Operations for the Three and Nine Months Ended
September 30, 2002 and 2001
---------------------------------------------------------

<TABLE>
<CAPTION>


                                                        Three Months Ended             Nine Months Ended
                                                          September 30,                  September 30,
                                                  ---------------------------    ---------------------------
                                                      2002           2001            2002          2001
                                                  ------------   ------------    ------------   ------------
                                                   (unaudited)    (unaudited)     (unaudited)    (unaudited)

                                               <c>            <c>             <c>            <c>
Revenues                                          $ 31,975,827   $  6,923,055    $ 59,850,927   $ 12,356,703
Cost of goods sold                                  31,142,935      6,467,810      58,612,478     11,788,057
                                                  ------------   ------------    ------------   ------------
          Gross profit                                 832,892        455,245       1,238,449        568,646

Operating expenses                                     112,246             --         277,942             --
Selling, general and administrative expenses           617,954        185,845       1,518,855        194,247
                                                  ------------   ------------    ------------   ------------
          Total expenses                               730,200        185,845       1,796,797        194,247
                                                  ------------   ------------    ------------   ------------

Income (loss) from operations                          102,692        269,400        (558,348)       374,399

Foreign currency exchange gain (loss)                  (65,700)       (15,276)        221,345             --
Other income (expense)                                  (5,818)        18,835          23,896             76
Interest income, net                                     3,694             64           4,888             64
                                                  ------------   ------------    ------------   ------------
           Total other income (expense)                (67,824)         3,623         250,129            140
                                                  ------------   ------------    ------------   ------------

Income (loss) before taxes                              34,868        273,023        (308,219)       374,539
Income tax expense                                      41,110         83,780          41,110         83,780
                                                  ------------   ------------    ------------   ------------

Net income (loss)                                 $     (6,242)  $    189,243    $   (349,329)  $    290,759
                                                  ============   ============    ============   ============
</TABLE>


Results of Operations for the Three and Nine Months Ended
September 30, 2002 Compared to the Three and Nine Months Ended
September 30, 2001
--------------------------------------------------------------

Revenue

Revenue for the quarter ended September 30, 2002 was $32.0
million as compared to $6.9 million for the same period of 2001.
The 362% increase is due to substantially increased sales volume
and no material increased sales prices. Revenue for the three
months ended September 30, 2002 was comprised of the distribution
of wireless handsets ($31.5 million) and the distribution of
automobiles ($0.5 million).

For the nine months ended September 30, 2002, revenue was $59.9
million as compared to $12.4 million for the same period of 2001.
The 384% increase is due to substantially increased sales volume
and no material increased sales prices. Revenue for the nine
months ended September 30, 2002 is comprised of the distribution
of wireless handsets ($58.8 million) and the distribution of
automobiles ($1.1 million).

We anticipate revenues to increase for the remainder of 2002.
Specifically, on January 28, 2002, the Company projected revenues
for the year ending December 31, 2002 to exceed $75.0 million.
The Company reaffirmed this financial guidance from earlier in
the year and reported on November 6, 2002, that annual revenues
for 2002 will exceed the $75 million previously projected.



                              -15-


<PAGE>

The first quarter is typically negatively affected by seasonality
issues associated with the wireless handset market in China. The
second quarter revenues were affected by a slowing of demand for
wireless handsets. Related margins decreased with competition in
the marketplace. Nevertheless, technology and new business
alliances have enabled the Company to achieve substantial growth
during the third quarter.  In addition, although currently only
representing a small percentage of total revenues, we began
distributing vehicles into specified free-trade zones in mainland
China during 2002 which is positively affecting gross revenues
for the year.

The foregoing revenue projection is a forward-looking statement
and, although not intended to reflect a best case scenario, is
based on optimistic expectations for the future and upon
assumptions and estimates which are subject to the uncertainty of
future events beyond management's control. As with any forward-
looking statement, no assurances can be given that it will
ultimately prove correct.

Cost of Goods Sold

Cost of goods sold increased in the third quarter of 2002 to
$31.1 million, up from $6.5 million in the same period in 2001.
The increase is due to higher sales activity and the resultant
effects on margin.

For the nine months ended September 30, 2002, cost of goods sold
was $58.6 million as compared to $11.8 million for the same
period of 2001. The increase is also due to higher sales activity
and the resultant effects on margin.

Gross Profit

For the three months ended September 30, 2002, gross profit as a
percentage of revenue was 2.6% down from 6.6% for the same period
of 2001. The decrease is due to increased market competition and
the attendant effect on profit margins.

For the nine months ended September 30, 2002, gross profit as a
percentage of revenue was 2.1%, down from 4.6% in the same period
in 2001. The decrease is also due to increased market competition
and the attendant effect on profit margins.

Expenses

Operating expenses were $112,246 for the quarter ended September
30, 2002, compared to none for the same period last year. For the
nine months ended September 30, 2002, the operating expenses were
$277,942 compared to none for the same period last year.
Operating expenses relate to costs attributable to the
distribution of our products. These expenses will continue to
increase relative to revenue growth.

Selling, general and administrative expenses were $617,954 for
the third quarter of 2002, compared to expenses of $185,845 for
the same period last year. The increase in current year costs was
due to the build up of staffing for future growth and the costs
associated with being a publicly held company. These costs are
expected to increase as we build the infrastructure of the
company relative to our business plan.

For the nine months ended September 30, 2002 selling, general and
administrative expenses were $1,518,855, compared to $194,247 for
the same period last year. The increase in current year costs was
due to the build up of staffing for future growth and the costs
associated with being a publicly held company. These costs are
expected to increase as we build the infrastructure of the
company relative to our business plan.

Income (loss) from operations

We had income from operations of $102,692 for three months ended
September 30, 2002 and a loss from operations of $558,348 for the
nine months ended September 30, 2002.  The income from operations
of $102,692 for the three months ended September 30, 2000 is
principally due to the increase in sales volume, improved gross
profit margins and lower operating and selling, general and
administrative expenses as a percentage of sales.

Net loss

We incurred a net loss of $6,242 and $349,329, respectively, for
the three and nine months ended September 30, 2002.



                              -16-


<PAGE>

Liquidity and Capital Resources

We maintained cash of $1,167,297 as of September 30, 2002 and
working capital of $1,594,454 as of that date.

For the nine months ended September 30, 2002, cash used for
operating activities totaled $566,049. The use of funds was
primarily due to a net loss, non-cash charges, and an increase in
trade accounts receivable, inventories, and deposits and other
receivables, partially offset by a decrease in foreign sales tax
receivable, as well as an increase in deposits received and
accounts payable.  For the nine months ended September 30, 2001,
cash provided by operations amounted to $909,600, which was
primarily due to the net income of the Company, a decrease in
deposits and other receivables, and other assets, and an increase
in trade accounts payable and income taxes payable.

For the nine months ended September 30, 2002, cash used in
investing activities amounted to $155,827. The use of funds was
for the purchase of property and equipment. For the nine months
ended September 30, 2001, cash used in investing activities
amounted to $21,574.  The use of funds was for the purchase of
New Tech Handels GmbH, net of cash and cash equivalents of $867.

For the nine months ended September 30, 2002, cash provided by
financing activities amounted to $630,200 which was due to an
increase in the advance from a shareholder and the proceeds from
the issuance of 50,000 common stock shares in a private placement
transaction. For the nine months ended September 30, 2001, cash
used in financing activities amounted to $365,417 and was as a
result of a distribution to a shareholder offset by an increase
in the advance from a shareholder.

We continue to need additional immediate financing to maintain or
grow our business.  Our inventory purchases, including purchases
of wireless handsets and automobiles, generally require full
payment for the products prior to delivery.  The ability to grow
the business and acquire additional inventory is dependent upon
increasing our working capital resources. Unless the Company is
able to significantly improve its operating performance,
additional outside financing will be difficult to obtain on
acceptable terms, if at all. We can provide no assurances that we
will be able to increase our working capital in the near term or
at all. To the extent we are unable to secure additional working
capital in the near term, we could face difficulties continuing
as a going concern.

We are currently attempting to obtain additional financing
through the issuance of debt, equity, other securities or a
combination thereof. In addition, we may seek to obtain a working
capital or other traditional loan facility from a bank or other
lending source. As of the date of this report, we do not have any
financing arrangements, nor do we have any commitments to obtain
such an arrangement with any bank or other third party. If we
raise capital by issuing equity or convertible debt securities,
the percentage ownership of our stockholders will be reduced. Any
new securities may have rights, preferences or privileges senior
to those of our common shareholders.

Although we believe that our cash from operations and cash on
hand will be sufficient to permit us to continue as a going
concern for at least the next 12 months, no assurances can be
given that this will prove accurate or that our expenses will not
increase faster than expected. In this regard, we note that by
becoming a public company under the Exchange Act, we have
incurred, and expect to continue to incur, significant additional
costs not previously borne by us. There can be no assurances that
we will be able to obtain additional financing on terms which are
acceptable to us. Our inability to obtain additional acceptable
financing would likely have a significant negative impact on our
operations or growth plans.



                              -17-


<PAGE>

Item 3. CONTROLS AND PROCEDURES

Based on their evaluation of the Company's disclosure controls
and procedures as of a date within 90 days of the filing of this
Report, the Chief Executive Officer and Chief Financial Officer
have concluded that such controls and procedures are effective.

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













                              -18-


<PAGE>

                   PART II - OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS.

     None

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.

     None

Item 5.   OTHER INFORMATION.

     None

Item 6.   EXHIBITS AND REPORTS ON FORM 8-K.

     (a)  Exhibits

          Exhibit 99.1   Certification Pursuant to Section 906 of
                         the Sarbanes-Oxley Act of 2002 of the
                         Chief Executive Officer.

          Exhibit 99.2   Certification Pursuant to Section 906 of
                         the Sarbanes-Oxley Act of 2002 of the
                         Chief Financial Officer

      (b) Reports on Form 8-K.

          None







                              -19-


<PAGE>

                           SIGNATURES

     In accordance with 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, thereunto duly
authorized.

                              INTAC INTERNATIONAL, INC.

Date:  November 14, 2002

                              By:  /s/ J. David Darnell
                                 -------------------------------
                                   J. David Darnell
                                   Senior Vice President and
                                   Chief Financial Officer














                              -20-


<PAGE>

CERTICATES

I, Wei Zhou, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of INTAC
     International, 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.   The registrant's other certifying officers and I, are
     responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules
     13a-14 and 15d-14) for the registrant and we have:

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

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

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

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

6.   The registrant's other certifying officers and I have
     indicated in this quarterly report whether 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 14, 2002.


                              /s/ Wei Zhou
                              -----------------------------
                              Wei Zhou
                              President and Chief Executive
                                Officer


                              -21-


<PAGE>

I, J. David Darnell, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of INTAC
     International, 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.   The registrant's other certifying officers and I, are
     responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules
     13a-14 and 15d-14) for the registrant and we have:

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

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

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

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

6.   The registrant's other certifying officers and I have
     indicated in this quarterly report whether 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 14, 2002


                              /s/ J. David Darnell
                              --------------------------------
                              J. David Darnell
                              Senior Vice President and Chief
                              Financial Officer





                              -22-


<PAGE>

INDEX TO EXHIBITS


EXHIBIT NO.    DOCUMENT

99.1           Certification Pursuant to Section 906 of the
               Sarbanes-Oxley Act of 2002 of the Chief Executive
               Officer.

99.2           Certification Pursuant to Section 906 of the
               Sarbanes-Oxley Act of 2002 of the Chief Financial
               Officer

















                              -23-