U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

     [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

                           Commission File No.: 0-3125
                                                ------

                                General Devices, Inc.
                                ---------------------
      (Exact name of small business issuer as specified in its charter)


           Delaware                                           21-0661726
           --------                                           ----------
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification No.)


             376 Main Street, P.O. Box 74, Bedminster, NJ 07921
             --------------------------------------------------
                    (Address of principal executive offices)


                                  (908) 234-1881
                                  --------------
                           (Issuer's telephone number)

                                       N/A
                                       ---
              (Former name, former address and former fiscal year,
                          if changed since last report)

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

     State the number of shares  outstanding of each of the issuer's  classes of
common  stock:  As of October  31, 2002 the issuer had  2,297,922  shares of its
common stock, par value $.01 per share, outstanding.

Transitional Small Business Disclosure Format (check one).
                                    Yes    No X
                                       ---   ---










<PAGE>



Part  I - FINANCIAL INFORMATION
-------   ---------------------

Item 1. - Financial Statements
-------   --------------------

                      GENERAL DEVICES, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)


                                                               September 30,
                                                                   2002
                                                                   ----
Assets
------

Current assets:
  Cash                                                          $    7,169
  Receivable and other assets                                        1,843
                                                                ----------
      Total current assets                                           9,012
Investment in unproved oil producing activities,
  net of accumulated depletion of $815                             158,087
                                                                ----------
      Total assets                                              $  167,099
                                                                ==========

Liabilities and stockholders' equity
------------------------------------

Current liabilities:
  Accounts payable and accrued liabilities                      $    9,018
                                                                ----------
      Total current liabilities                                      9,018
                                                                ----------

Commitments and contingencies

Stockholders' equity:
  Common stock $.01 par value 12,000,000
    shares authorized; 2,297,922 issued and outstanding             22,979
  Capital in excess of par value                                 2,351,852
  Accumulated deficit                                          ( 2,216,750)
                                                                ----------
      Total stockholders' equity                                   158,081
                                                                ----------
      Total liabilities and stockholders'
        equity                                                  $  167,099
                                                                ==========



















          See accompanying notes to consolidated financial statements.


                                       2

<PAGE>




                      GENERAL DEVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)





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

Revenues from oil well                              $    2,027  $        -
                                                    ----------  ----------


Expenses:
Production costs                                           861           -
Depletion                                                  815           -
General and administrative expenses                     15,702       4,589
                                                    ----------  ----------
  Total expenses                                        17,378       4,589
                                                    ----------  ----------


Net loss                                           ($   15,351)($    4,589)
                                                    ==========  ==========


Basic and diluted net loss per share               ($      .01) $        -
                                                    ==========  ==========


Weighted average number of
  shares outstanding                                 2,136,237   1,372,922
                                                    ==========  ==========

























          See accompanying notes to consolidated financial statements.


                                       3


<PAGE>




                      GENERAL DEVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)





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

Revenues from oil well                             $   2,027   $         -
                                                    ---------   ----------


Expenses:
Production costs                                         861             -
Depletion                                                815             -
General and administrative expenses                   28,794        20,079
                                                   ---------     ---------
  Total expenses                                      30,470        20,079
                                                   ---------     ---------


Net loss                                          ($  28,443)   ($  20,079)
                                                   =========     =========


Basic and diluted net loss per share              ($     .02)   ($     .01)
                                                   =========     =========


Weighted average number of
  shares outstanding                               1,665,871     1,372,922
                                                   =========     =========
























          See accompanying notes to consolidated financial statements.


                                       4

<PAGE>



                      GENERAL DEVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)





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

Cash flows from operating activities:
  Net loss                                               ($ 28,443) ($ 20,079)
  Adjustments to reconcile net loss to net
    cash used in operating activities:
      Depletion                                                815          -
  Change in operating assets and liabilities:
    Change in receivable and other assets                (   1,425) (     668)
    Change in accounts payable and
      accrued liabilities                                (  14,484)     3,573
                                                          --------   --------
  Net cash used in operating activities                  (  43,537) (  17,174)
                                                          --------   --------

Cash flows used in investing activities -
  Investment in unproved oil producing activities        ( 158,902)         -
                                                          --------   --------

Cash flows from financing activities -
  Issuance of common stock in private placements           178,000          -
                                                          --------   --------

Net decrease in cash                                     (  24,439) (  17,174)
Cash at beginning of period                                 31,608     38,972
                                                          --------   --------
Cash at end of period                                     $  7,169   $ 21,798
                                                          ========   ========


Supplemental disclosures of cash flow
  information:

     Cash paid for income taxes                           $    240   $    340
                                                          ========   ========















          See accompanying notes to consolidated financial statements.

                                       5


<PAGE>


                      GENERAL DEVICES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           September 30, 2002 AND 2001

                                   (UNAUDITED)

1.   Basis of Presentation
     ---------------------

     The accompanying  unaudited financial  statements of General Devices,  Inc.
(the "Company") as of September 30, 2002 and for the three and nine months ended
September 30, 2002 and 2001 reflect all material adjustments  consisting of only
normal recurring adjustments which, in the opinion of management,  are necessary
for a fair presentation of results for the interim periods.  Certain information
and footnote disclosures required under accounting principles generally accepted
in the United States of America have been  condensed or omitted  pursuant to the
rules and  regulations of the Securities and Exchange  Commission,  although the
Company  believes  that the  disclosures  are  adequate to make the  information
presented  not  misleading.   These  financial  statements  should  be  read  in
conjunction  with the financial  statements  and notes  thereto  included in the
Company's  Annual Report on Form 10-KSB for the year ended December 31, 2001, as
filed with the Securities and Exchange Commission.

     The  preparation  of financial  statements  in conformity  with  accounting
principles   generally  accepted  in  the  United  States  of  America  requires
management to make estimates and assumptions that affect the reported amounts of
assets and  liabilities  and disclosure of contingent  assets and liabilities at
the date of the  financial  statements  and the reported  amount of revenues and
expenses  during the reporting  period.  Actual  results could differ from those
estimates.

     The  results  of  operations  for the three and nine  month  periods  ended
September 30, 2002 and 2001 are not necessarily  indicative of the results to be
expected for the entire year or for any other period.

2.   Investment in Unproved Oil Producing Activities
     -----------------------------------------------

     During June 2002 the Company committed to invest approximately  $159,000 in
the drilling of an oil well in eastern Montana.  Of this amount the Company paid
$8,499 in June 2002,  $114,640 in July 2002 and $35,763 in  September  2002 when
the  well  was  completed.   Accordingly,   the  Company  has   capitalized  its
proportionate  share of the  costs  as  Investment  in  Unproved  Oil  Producing
Activities. Currently it is too soon to determine the ultimate recoverability of
the Company's investment in this oil prospect.

     The Company  entered  into an agreement  with an unrelated  third party who
introduced the Company to this investment  opportunity.  This agreement provides
that when  revenues  are  received  the  Company can retain all of the cash flow
until it has recovered 120% of its investment,  thereafter, the Company must pay
to the introducing party 10% of any additional  revenues  received.  The Company
will have an approximate 8% working  interest in this well which is estimated to
yield a net revenue  interest of 6.56% of the gross  revenue  generated  by this
well.

                                       6
<PAGE>




     In order to fund this  investment  the Company  completed a sale of 750,000
shares of common stock at a price of $.20 per share to the  Company's  principal
stockholders in a private  transaction  during June 2002.  During September 2002
the Company issued an additional  175,000 shares at a price of $.16 per share in
a private transaction to one of the Company's principal stockholders.

3.   Net Loss Per Share
     ------------------

     The Company  reports loss per share under the  requirements of Statement of
Financial  Accounting  Standards No. 128,  "Earnings per Share".  Basic loss per
share includes the weighted average number of common shares  outstanding  during
the year.  Diluted loss per share includes the weighted average number of shares
outstanding and dilutive potential common shares,  such as warrants and options.
Since there are no dilutive potential common shares,  basic and diluted loss per
share are the same.

4.   Accounting Policy - Oil and Gas Activities
     ------------------------------------------

     In  accordance  with  accounting   standards  for  oil  and  gas  producing
activities,  the Company has classified its oil prospect production payments, as
investment  in  unproved  oil  producing  activities.  The  Company  follows the
successful  efforts  method  of  accounting  for costs  incurred  in oil and gas
producing  activities and the manner of disposing of related  capitalized  costs
are as follows:

     a.  Geological  and  geophysical  costs and costs of carrying and retaining
         undeveloped properties are charged to expense as incurred.

     b.  Costs of d rilling exploratory wells and exploratory-type stratigraphic
         test wells  that do not find  unproved  reserves are charged to expense
         when the wells do not find proved reserves.

     c.  Costs of acquiring  properties, costs of drilling development wells and
         development-type  stratigraphic  test  wells,  and  costs  of  drilling
         successful  exploratory wells and  exploratory-type  stratigraphic test
         wells are capitalized.

     d.  The capitalized  costs of wells  and related equipment are amortized as
         the related oil and gas reserves are produced.

     e.  Costs of unproved  properties  are assessed periodically, and a loss is
         recognized if the properties are impaired.

     (See the Company's Form  10-KSB for  the year ended December 31, 2001 for a
     complete description of all other significant accounting policies.)

     Due to the timing of the receipt of  information  from the  operator of the
oil  well the  Company  records  revenues  and  expenses  associated  with  this
investment on a 30 day lag.




                                       7




<PAGE>



Item 2. -    Management's Discussion and Analysis of Financial
-------      Condition and Results of Operations
             -----------------------------------

Results of Operations
---------------------

     The  Company  had  been  engaged  in the  business  of  providing  contract
technical  services.  Effective  April 14,  1990,  the Company  sold most of its
technical  services  business,  and  certain  assets to TAD  Technical  Services
Corporation  ("TAD").  On June 1, 1990,  the Company sold its 100% owned British
subsidiary,  GDI Euroforce Ltd., to TAD. The Company continued to operate in the
technical services business from its King of Prussia, Pennsylvania location on a
much smaller scale. Since 1993, the Company has had no operations. A Petition of
Reorganization  under  Chapter 11 of the  Federal  Bankruptcy  Code was filed on
August 23, 1996.  The court  confirmed the Company's  Chapter 11  reorganization
plan on December 22, 1997,  and issued a final decree on September  15, 1998. In
February 1999 three  investors  purchased a controlling  interest in the Company
with the objective of  maximizing  shareholder  value.  The Company is currently
seeking the acquisition of an operating business. The Company is not currently a
party to any  understandings or agreements  regarding an acquisition,  merger or
similar  business  combination or  transaction  except the investment in the oil
prospect discussed in Note 2 of Notes to Consolidated Financial Statements.  The
Company was  incorporated in 1953 under the laws of the State of New Jersey.  In
September  2000,  the  Company  was  reorganized  under the laws of the State of
Delaware.  Its executive  offices were located in King of Prussia,  Pennsylvania
until September 2000 when such offices were relocated to Bedminster, New Jersey.
The  Company  had $2,027 in revenues  and $861 in  production  costs and $815 of
depletion  relating to the oil well in the three and nine months ended September
30, 2002 and no oil well revenues or expenses in 2001.

     General  and  administrative  expenses  were  $15,702  and  $4,589  for the
quarters  ended  September  30,  2002  and  2001,   respectively.   General  and
administrative  expenses for the quarter ended  September 30, 2002  consisted of
accounting fees of $9,000,  management fees of $4,400  stockholders  expenses of
$1,926 and all other office expenses of $376. In the quarter ended September 30,
2001 general and administrative  expenses consisted of accounting fees of $2,000
stockholders  expenses of $1,500,  management  fees of $600 and all other office
expenses of $489.

     For the nine  months  ended  September  30,  2002  and  2001,  general  and
administrative  expenses  were  $28,794 and $20,079,  respectively.  General and
administrative  expenses for the nine months ended  September 30, 2002 consisted
of accounting fees of $15,000,  stockholders expenses of $5,640, management fees
of $5,600  consulting fees of $1,183 and all other office expenses of $1,371. In
the nine months ended  September  30, 2001 general and  administrative  expenses
consisted  of  accounting  fees of  $11,500,  stockholders  expenses  of $5,276,
management fees of $1,800 and all other office expenses of $1,503.

     Effective  September 1, 2002 the Board of Directors approved an increase in
management  fees paid to Asset Value (the Company's  largest  shareholder)  from
$200 per month to $4,000 per month.  This  increase is  reflective of the effort
required to comply with the newly instituted  Sarbanes-Oxley Act, increased time
required and the  complexity  of reporting  for the  investment  in unproved oil
producing activities and the raising of additional capital to meet operating and
investment commitments.

                                       8

<PAGE>




Liquidity and Capital Resources
-------------------------------

     At September  30, 2002 the Company had cash of $7,169 and negative  working
capital of $6.

     During June 2002 the Company committed to invest approximately  $159,000 in
the drilling of an oil well in eastern Montana.  Of this amount the Company paid
$8,499 in June 2002,  $114,640 in July 2002 and $35,763 in  September  2002 when
the  well  was  completed.   Accordingly,   the  Company  has   capitalized  its
proportionate  share of the  costs  as  Investment  in  Unproved  Oil  Producing
Activities. Currently it is too soon to determine the ultimate recoverability of
the Company's investment in this oil prospect.

     The Company  entered  into an agreement  with an unrelated  third party who
introduced the Company to this investment  opportunity.  This agreement provides
that when  revenues  are  received  the  Company can retain all of the cash flow
until it has recovered 120% of its investment,  thereafter, the Company must pay
to the introducing party 10% of any additional  revenues  received.  The Company
will have an approximate 8% working  interest in this well which is estimated to
yield a net revenue  interest of 6.56% of the gross  revenue  generated  by this
well.

     In order to fund this  investment  the Company  completed a sale of 750,000
shares of common stock at a price of $.20 per share to the  Company's  principal
stockholders in a private  transaction  during June 2002.  During September 2002
the Company issued an additional  175,000 shares at a price of $.16 per share in
a private transaction to one of the Company's principal stockholders.

     Additional  financing  will likely be required to meet the  Company's  cash
needs  over the next  twelve  months.  Management  is  currently  reviewing  the
possibility  of an  additional  private  placement  to the  Company's  principal
stockholders.

Disclosure controls and procedures
----------------------------------

     Within the 90 days prior to the date of this  report,  the Company  carried
out an  evaluation,  under the  supervision  and with the  participation  of the
Company's  management,  including  the Company's  President and Chief  Financial
Officer,  of the  effectiveness  of the design and  operation  of the  Company's
disclosure controls and procedures  pursuant to Exchange Act Rule 13a-14.  Based
upon that evaluation,  the President and Chief Financial  Officer concluded that
the  Company's  disclosure  controls  and  procedures  are  effective  in timely
alerting  them to material  information  relating to the Company  required to be
included  in the  Company's  periodic  SEC  filings.  There were no  significant
changes in internal controls,  or other factors, that could significantly affect
these controls, subsequent to the date of evaluation.








                                       9



<PAGE>




Part II - OTHER INFORMATION
-------   -----------------

Item 6. - Exhibits and Reports on Form 8-K
-------   --------------------------------

(a)       Exhibits
          --------

          99.1 - Certification pursuant to Section 906 of the Sarbanes-Oxley Act
          of 2002

(b)       Reports on Form 8-K
          -------------------

          On September 30, 2002,  the Company filed a Form 8-K reporting that it
          had completed a private placement of 175,000 shares of common stock.











































                                       10

<PAGE>




                                   SIGNATURES


     In accordance  with the  requirements  of the Exchange Act, the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                 GENERAL DEVICES, INC.



Dated: November 13, 2002                         By: /s/ John W. Galuchie, Jr.
                                                     -------------------------
                                                     John W. Galuchie, Jr.
                                                     Chairman










































                                       11


<PAGE>


                                 CERTIFICATIONS
I, John W. Galuchie, Jr., certify that:

1.   I have  reviewed this quarterly report on  Form 10-QSB  of General Devices,
     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  represent 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  officer  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 have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material information  relating to the registrant,  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  officer 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 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.   The registrant's  other  certifying  officer  and I  have indicated in this
     quarterly  report  whether  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.

November 13, 2002                                    /s/ JOHN W. GALUCHIE, JR.
                                                     ---------------------------
                                                     John W. Galuchie, Jr.
                                                     Chairman and President

                                       12
<PAGE>




                                 CERTIFICATIONS
I, Sue Ann Itzel, certify that:

1.   I have  reviewed  this quarterly report on Form  10-QSB of General Devices,
     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  represent 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  officer  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 have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material information  relating to the registrant,  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  officer 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 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.   The  registrant's  other certifying  officer and I have indicated  in  this
     quarterly  report  whether  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.

November 13, 2002                                    /s/ SUE ANN ITZEL
                                                     ------------------
                                                     Sue Ann Itzel
                                                     Treasurer and Secretary

                                       13
<PAGE>






                                                                   Exhibit 99.1

     CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 906 of the Public  Company  Accounting  Reform and  Investor
Protection Act of 2002 (18 U.S.C. 1350, as adopted),  John W. Galuchie, Jr., the
Chairman and President of General Devices,  Inc., (the  "Company"),  and Sue Ann
Itzel, the Treasurer and Secretary of the Company each hereby certifies that, to
the best of their knowledge:

          1.   The  Company's  Quarterly  Report on Form  10-QSB  for the period
               ended September 30, 2002, to which this Certification is attached
               as Exhibit 99.1 (the "Periodic Report"),  fully complies with the
               requirements  of Section 13(a) or Section 15(d) of the Securities
               Exchange Act of 1934, as amended;

          and

          2.   The information contained in the Periodic Report fairly presents,
               in all material respects,  the financial condition of the Company
               at the end of the  period  covered  by the  Periodic  Report  and
               results of  operations  of the Company for the period  covered by
               the Periodic Report.


Dated:   November 13, 2002


/s/ John W. Galuchie, Jr.
--------------------------
John W. Galuchie, Jr.
Chairman and President



/s/ Sue Ann Itzel
--------------------------
Sue Ann Itzel
Treasurer and Secretary