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                                 United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549

                                  Form 10-QSB


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

                  For the Quarterly Period Ended June 30, 2002

                        Commission File Number 333-63432

                         New England Acquisitions, Inc.
         (Exact name of small business issuer as specified in charter)

               Florida                                 65-1102237
        (State of either jurisdiction of incorporation or organization)
                       (IRS Employer Identification No.)



                        5 Ridge Road, Cos Cob, CT 06807
                    (Address of principal executive offices)

                                  203-622-1848
                          (Issuer's telephone number)


--------------------------------------------------------------------------------

         (Former name, 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  registrant  was
        required to file such reports), and (2) has been subject  to  such
        filing requirements for the past 90 days.

             Yes __X__  No _____

        The  number  of  shares of the registrant's only class  of  common
        stock outstanding on February 12, 2002 was 3,007,500.

        Transitional Small Business Disclosure format (check one):

             Yes _____  No __X__

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                                     PART I

                             FINANCIAL INFORMATION


Item 1. -Financial Statements

                         NEW ENGLAND ACQUISITIONS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                                 BALANCE SHEETS

<table>
<caption>

                                                     <c>          <c>
                                                         March 31,    June 30,
                                                           2002         2002
                                                        (Audited)    (Unaudited)
                                                        ----------    ---------
CURRENT ASSETS
   Cash                                                  $     100  $      100
                                                        ----------    ---------
     Total Current Assets                                      100         100

OTHER ASSETS
   Restricted cash
                                                            15,000      15,000
                                                        ----------    ---------
                                                         $  15,100  $   15,100
                                                        ==========    =========

               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accrued expenses                                      $   7,500  $    7,500
   Due to principal stockholder                             20,034      22,334
                                                        ----------    ---------
     Total Current Liabilities                              27,534      29,834

STOCKHOLDERS' EQUITY
   Common stock authorized 150,000,000
     shares; $0.00001 par value; issued
     and outstanding 3,007,500 shares
     at March 31, 2002                                          30          30
   Deficit accumulated during Development Stage            (12,464)    (14,764)
                                                        ----------    ---------
     Total Stockholders' Equity-Deficit                    (12,434)    (14,734)
                                                        ----------    ---------
                                                         $  15,100  $   15,100
                                                        ==========    =========

See accompanying notes to financial statements.

</table>

<PAGE>2

                         NEW ENGLAND ACQUISITIONS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                       STATEMENT OF STOCKHOLDERS' EQUITY
           For the Period April 18, 2001 (Inception) to June 30, 2002


<table>
<caption>

                             <c>       <c>        <c>             <c>             <c>
                                  Common Stock       Contributed     Accumulated
                                Number     Amount      Capital         Deficit         Total
                               -------    --------   -----------     -----------     --------
Issuance of shares to
offices and directors
@$.001 per share               200,000    $    200           -               -      $     200

Effect of 15 to 1
 stock split and
 change of par
 value to $.00001
 per share 2,800,000              (170)   $    170            -              -

Sale of 7,500
 shares @$2.00
 per share                       7,500           -       15,000              -         15,000

Cost of registration                 -           -      (15,170)    $   (3,364)       (18,534)

Net loss for period                  -           -            -         (9,100)        (9,100)
                             ---------    --------      -------      ---------       --------
Balance
March 31,
  2002 (audited)             3,007,500          30            -        (12,464)       (12,434)

Net loss for the
  three month period
  ending June 30,
  2002 (unaudited)                   -           -            -         (2,300)        (2,300)
                             ---------    --------      -------      ---------       --------
                             3,007,500   $      30    $       -     $  (14,764)     $ (14,734)
                             =========    ========      =======      =========       ========

See accompanying notes to financial statements.

</table>

<PAGE>3
                         NEW ENGLAND ACQUISITIONS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                             STATEMENT OF NET LOSS


<table>
<caption>

                             <c>                           <c>
                                                              Inception
                                 For the three month             To
                                Period ended June 30,         June 30,
                                ---------------------         ---------
                                  2001         2002             2002
                              (Unaudited)  (Unaudited)
                                ---------------------         ---------

GENERAL AND ADMINISTRATIVE
     EXPENSES
       Professional fees    $         -     $     2,300     $    11,300

       Bank charges                   -               -             100
                              ---------       ---------       ---------
                                      -           2,300          11,400
                              ---------       ---------       ---------

NET LOSS FOR THE PERIOD     $         -     $     2,300     $    11,400
                              =========       =========       =========

NET LOSS PER SHARE          $         -     $    (0.001)    $    (0.004)
                              =========       =========       =========

Weighted average number of
common
     Shares Outstanding       3,000,000       3,007,500       3,004,789
                              =========       =========       =========

See accompanying notes to financial statements.

</table>

<PAGE>4

                         NEW ENGLAND ACQUISITIONS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                            STATEMENT OF CASH FLOWS

<table>
<caption>

                                               <c>        <c>           <c>

                                                                           Inception
                                                   For the three month        To
                                                  Period ended June 30,    June 30,
                                                  ---------------------    ---------
                                                    2001         2002        2002
                                                (Unaudited)  (Unaudited)
                                                  ---------------------    ---------


CASH FLOWS FROM OPERATING
     ACTIVITIES
     Net loss for the                           $      -     $   (2,300)  $  (11,400)
period
     Adjustments to reconcile net loss to
        Net cash provided by (used in)
        Operating activities                           -
     Restricted cash                                   -              -      (15,000)
     Accrued expenses                                  -              -        7,500
     Due to principal stockholder                      -          2,300       22,334
                                                 -------        -------     --------

           Net cash Provided by Operating
              Activities                               -              -        3,434

CASH FLOWS FROM FINANCING
     ACTIVITIES


      Sales of common stock                          200              -       15,200

      Cost of registering securities                   -              -      (18,534)
                                                 -------        -------     --------

           Net Cash Provided by Financing
               Activities                            200              -       (3,334)
                                                 -------        -------     --------

                     Net increase in Cash            200              -          100

CASH AT BEGINNING OF                                   -            100            -
PERIOD                                           -------        -------     --------

CASH AT END OF PERIOD                          $     200      $     100    $     100
                                                 =======        =======     ========
SUPPLEMENTAL CASH FLOW INFORMATION:
          None

See accompanying notes to financial statements.

</table>

<PAGE>5

                         NEW ENGLAND ACQUISITIONS, INC.
                        (A DEVELOPMENT STAGE ENTERPRISE)

                         NOTES TO FINANCIAL STATEMENTS
                                  (Unaudited)


     1.        Condensed Financial Statements

               In the opinion of the Company, the accompanying unaudited
               condensed financial statements include all adjustments
               (consisting only of normal recurring accruals) which are
               necessary for a fair presentation of the results for the periods
               presented. Certain information and footnote disclosure, normally
               included in the financial statements prepared in accordance with
               generally accepted accounting principles, have been condensed and
               omitted. The condensed financial statements should be read in
               conjunction with the Company's financial statements included in
               its Form 10KSB , as amended, for the period April 18, 2001
               (inception) to March 31, 2002. The Company has had no significant
               operations since inception. Results for the three months ended
               June 30, 2002 are not necessarily indicative of the results that
               may be expected for the year ending March 31, 2003.

     2.        Sale of Common Stock

               In December 2001, the Company sold 7,500 shares of its common
               stock at $2.00 per share under its registration statement on Form
               SB2 filed with the Securities and Exchange Commission.  The
               proceeds and any interest or dividends are being held in an
               escrow account for the sole benefit of the purchasers of the
               shares.  The Company has filed a post-effective amendment to its
               registration statement which describes, among other things, the
               Agreement referred to in Note 3 of Notes to these Financial
               Statements.  Within five business days after the effective date
               of the amendment, the Company will send to each purchaser of
               securities held in escrow, a copy of the prospectus.  Each
               purchaser will have no fewer than 20 business days from the
               effective date of the amendment to notify the Company in writing
               that the purchaser elects to remain an investor.  The acquisition
               will be consummated if the holders of at least 7,000 shares
               confirm their investments.  If the acquisition is consummated,
               funds held in escrow for the benefit of the confirming investors
               will be released to the Company and any remaining funds will be
               returned to the other purchaser.

<PAGE>6

      3.        Commitments and Contingencies

               On March 21, 2002, the Company entered into an Asset and Rights
               Purchase Agreement with ADM Tronics Unlimited, Inc. to acquire
               the rights to market and sell three different medical products.
               (See Note 2 of  Notes to these Financial Statements). If the
               Agreement is consummated, the Company will issue ADM Tronics
               150,375 shares of the Company's common stock and pay ADM Tronics
               a royalty of 6% of gross sales of the products, less discounts,
               returns and allowances.  The Company will also pay consulting
               fees and related expenses for any time expended by ADM Tronics'
               employees for any services related to the products other than
               manufacturing activities, to be mutually agreed upon in advance
               of any of the services.  In order to maintain exclusivity with
               respect to the medical products, the Company will be required to
               pay certain minimum royalties to ADM Tronics.  The Company must
               also pay $25,000 to ADM Tronics in advance of the initiation of
               production of one of the products for ADM Tronics' expenses and
               establishment of regulatory support and processes for
               distribution.  If the Company does not make the payment within
               one year from the consummation of the transaction with ADM
               Tronics, the Company will loose the exclusive rights to the
               product.

<PAGE>7

Item 2.   Management's Plan Of Operation


The following should be read in conjunction with our financial statements and
the related notes that appear elsewhere in this report. The discussion contains
forward-looking statements that reflect our plans, estimates and beliefs. Our
actual results could differ materially from those discussed in the forward-
looking statements.

We have not had any revenues or operations since inception.  Our sole objective
is to become an operating business.

Our ability to become and continue as a going concern is dependent upon
obtaining additional substantial capital.  In view of the limited amount of
funds available to us, we may exhaust our limited financial resources before
making an acquisition.

<PAGE>8

If we consummate the proposed transaction with ADM Tronics Unlimited, Inc., we
will obtain limited rights to sell an ethnic shave cream, a burn lotion and the
Aurex-3 device.  Subject to the availability of sufficient capital, we intend to
aggressively market the products we obtain.  We believe that we will require
funding of approximately $140,000 to aggressively market the products and for
working capital during the first year after our acquisition of the products.  We
believe that we can begin marketing the products within three months from the
time we acquire them from ADM Tronics.

We plan to obtain $150,000 through the private sale of our common stock.  We
cannot assure you that we will be successful in obtaining any funds or that
$150,000 will be sufficient to fund our initial operations.

If we are successful in obtaining additional capital of $150,000, we plan to
initially utilize a phased communications and distribution strategy to market
the ethnic shave cream.  We intend to begin with New York City and the Bahamas.
In the first phase, a communications piece will be developed and distributed to
distribution units and orders will be  taken from a website, or by replying to
the direct mail campaign. In the second phase, communications will be sent to
Philadelphia, Baltimore, Washington, Chicago, Detroit, Houston, Memphis, New
Orleans, and, subsequently,  Los Angeles.  In the third phase, we intend to hire
a sales person to visit large distributors to retail stores.  Our estimated
initial expenditures are $50,000 for the design and development of our website
and its maintenance for the first year, $2,000 for the purchase of lists, and
$15,000 for the development, production and distribution of hard copy and
offline mail messages.

We also plan to use a similar phased communications and distribution strategy to
market the Aurex-3.  Our estimated initial expenditures are $50,000 for the
design and development of our website and its maintenance for the first year,
and $15,000 for the development, production and distribution of hard copy and
offline mail messages.

If we are only able to obtain additional capital of at least $70,000, but less
than $140,000, we intend to aggressively market the ethnic shave cream and
market the Aurex-3 solely through commissioned sales agents.  If we are able to
obtain additional capital of at least $140,000, we intend to aggressively market
the ethnic shave cream and the Aurex-3.

<PAGE>9

If we not able to obtain additional capital of at least $70,000, we intend to
market the ethnic shave cream through commissioned sales agents and, to the
extent of available capital, engage in limited promotional activities.

Depending upon the additional capital, if any, that we obtain, we anticipate
that upon release to us of funds held in escrow  we will be able to meet our
cash needs for not less than six months nor more than one year.  We believe that
we can begin marketing products within three months from the time we acquire
them from ADM Tronics.

We do not have any immediate plans to market the burn lotion.

If we cannot obtain any meaningful amounts of capital or if the only funds
available to us are those released to us from the escrow account, we will
attempt to market the products solely through commissioned sales agents.  There
can be no assurance that we can find suitable sales agents who will work solely
on a commission basis or that the products can be sold without any promotional
activities on our part.  The proceeds from the escrow account will only be
sufficient to meet our anticipated capital requirements for less than six
months.  If we exhaust our capital and cannot obtain additional capital, our
stockholders can expect to lose all of their investment.

If we do not make minimum royalty payments or purchase certain quantities of
products from ADM Tronics within the first year after we acquire its products
and continuing in subsequent years, we will lose certain rights of exclusivity.
We intend to pay the minimum royalties from revenues derived from sales.  We do
not know if we will be able to purchase a sufficient number of the Aurex-3 from
ADM Tronics to maintain all of the rights we initially receive.  We cannot
assure you that we will derive any meaningful revenues from the sale of any of
the products.

We  will reimburse ADM Tronics for an estimated amount of $4,500 for any tooling
or non-recurring engineering services that are required to be secured in support
of the manufacturing of our products.  Tooling includes molds, plates, screens
and other items used to produce components in a manufacturing process.  Non-
recurring engineering services are   services such as drafting, preparation of
schematics, evaluations and measurements that are performed prior to
manufacturing but are not repeated during the manufacturing process.

If we do not consummate the agreement with ADM Tronics, we will attempt to make
another acquisition.  If we do not make an acquisition satisfying the
requirements of Rule 419 under the Securities Act of 1933 prior to March 28,
2003, all funds then held in the escrow account will be returned to the
purchasers.


We do not expect to purchase or sell any significant equipment, engage in
product research or development and do not expect any significant changes in the
number of our employees.

<PAGE>10


                                    PART II

                               OTHER INFORMATION

Item 2.        Changes in Securities and Use of Proceeds.

     (a), (b), (c)    Not applicable.

     (d)  The registrant's registration statement on Form SB-2, file number
          333-63432, was declared effective on September 28, 2001.  The offering
          commenced on October 31, 2001.  Of the 15,000 shares of common stock
          registered at an aggregate offering price of $30,000, 7,500 shares
          were sold for an aggregate of $15,000.  All of the proceeds have been
          deposited and remain in an escrow account.  The expenses of the
          offering are described in such registration statement.

Item 6.   Exhibits And Reports On Form 8-K.

     (a)  Exhibits

               3.01(a)   Articles of Incorporation.*

               3.01 (b)  Form of Articles of Amendment to Articles
                         of Incorporation.**

               3.03      Bylaws.*

               4.01      Form of Specimen Stock Certificate
                         for the Registrant's Common Stock. **

               10.01     Escrow Agreement of August 3,
                         2001 between the Registrant and Patriot
                         National Bank.**

_________________________________
*    Filed as part of registration statement on Form SB-2, File No. 333-63432.,
     and hereby incorporated by reference.

**   Filed as part of Amendment No. 1 to registration statement on Form SB-2 and
     hereby incorporated by reference.


                            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.


     New England Acquisitions, Inc.


     By:  /s/ Gary Cella
              ---------------
     Name:    Gary Cella
     Title:   Chief Executive Officer and Chief Financial Officer
     Date:    August 13, 2002