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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 September 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          (IRS Employer Identification No.)
 incorporation or organization)


                         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)

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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 November 13, 2002 was 3,157,875.

Transitional Small Business Disclosure format (check one):

                                Yes_____  No_X___

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TABLE OF CONTENTS


                                                                 PAGE
PART I - FINANCIAL INFORMATION

  ITEM 1.  FINANCIAL STATEMENTS                                    2

BALANCE SHEET (unaudited) - as of September 30, 2002               2


STATEMENT OF STOCKHOLDERS' EQUITY (unaudited)- For the
Period April 18, 2001 (Inception) to September 30, 2002            3

TATEMENT OF NET LOSS (unaudited) -- For the Three and
Six Month Periods Ended September 30, 2002 and 2001 and the
period from April 18, 2001 (Inception) through September
30, 2002                                                           4

STATEMENTS OF CASH FLOWS (unaudited) -- For the Six Months
Periods Ended September 30, 2002 and 2001 and the Period from
April 18, 2001 (Inception) through September 30, 2002.             5

NOTES TO FINANCIAL STATEMENTS (UNAUDITED)                          6

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF           7
OPERATION

ITEM 3.  CONTROLS AND PROCEDURES                                   9

PART II - OTHER INFORMATION                                        9

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                 9
ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                         10

SIGNATURES                                                        10
CERTIFICATION                                                     11
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                         PART I   FINANCIAL INFORMATION

Item 1.   Financial Statements




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

                                 BALANCE SHEETS

                                                  March 31,     September 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           23,584
                                                 ----------     ------------
        Total Cu                                     27,534           31,084

STOCKHOLDERS' EQUITY
   Common stock authorized 150,000,000
     shares; $0.00001 par value; issued
     and outstanding 3,007,500 shares
     at March 31 and September 30, 2002                  30               30
   Deficit accumulated during De                    (12,464)         (16,014)
                                                 ----------     ------------
        Total Stockholders' Equity-Deficit          (12,434)         (15,984)
                                                 ----------     ------------
                                                 $   15,100       $   15,100
                                                 ==========     ============

See accompanying notes to financial statements.

<PAGE>2


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

                       STATEMENT OF STOCKHOLDERS' EQUITY
        For the Period April 18, 2001 (Inception) to September 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
  six month period
  ending September
  30, 2002
(unaudited)                       -           -                        (3,550)       (3,550)
                          ---------     -------    -----------      -----------    --------
                          3,007,500     $    30      $      -        ($16,014)     ($15,984)
                          =========     =======    ===========      ===========    ========

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>             <c>              <c>               <c>

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

GENERAL AND ADMINISTRATIVE
     EXPENSES
       Professional fees             $     -         $   1,250       $          -     $      3,550      $     12,550
       Bank charges                        -                 -                  -                -               100
                                     ----------      ---------       ------------     ------------      ------------
                                           -             1,250                  -            3,550            12,650
                                     ----------      ---------       ------------     ------------      ------------

NET LOSS FOR THE PERIOD              $     -         $   1,250       $          -     $      3,550      $     12,650
                                     ==========      =========       ============     ============      ============

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
                                  (Unaudited)

<table>
<caption>

                                         <c>             <c>                 <c>

                                                                                  Inception
                                               For the six month                     To
                                           Period ended September 30,           September 30,
                                              2001               2002               2002
                                          (Unaudited)        (Unaudited)
                                           ---------          ---------         ------------
CASH FLOWS FROM OPERATING
     ACTIVITIES
     Net loss for the period               $      -          $   3,550          $  (12,650)
     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                 -              3,550              23,584

           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 PERIOD                       -                100                   -
                                           ---------          ---------         ------------
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 Annual
    Report on Form 10-KSB for the year ended March 31, 2002. Reference is also
    made to Post Effective Amendment Number 5 to the Company's registration
    statement on Form SB-2. The Company has had no significant operations
    since inception.

 2. Subsequent Events

    All of the purchasers of 7,500 of shares of the company's common stock in
    the initial public offering have confirmed their investment.

    On October 7, 2002, the Company, through a newly formed wholly owned
    subsidiary, consummated its Asset and Rights Purchase Agreement with ADM
    Tronics Unlimited, Inc. to acquire the right to market and sell three
    different medical products and entered into a manufacturing agreement with
    ADM Tronics.  As a result, the Company issued 150,375 shares of its common
    stock to ADM Tronics

    On November 3, 2002, 3,007,500 shares and $15,000 were released from the
    escrow account at Patriot National Bank. The $15,000, which was  previously
    reflected as  restricted cash, has become operating cash.

<PAGE>6
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Item 2.   Management's Plan Of Operation

The following should be read in conjunction with our financial statements and
the related note that appear elsewhere in this Quarterly 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 ability to
become and continue as a going concern is dependent in significant part upon
obtaining additional substantial capital

We have obtained limited rights to sell an ethnic shave cream, a burn lotion and
the Aurex-3 device from ADM Tronics Unlimited, Inc.  Subject to the
availability of sufficient capital, we intend to initially aggressively market
the shave cream and the Aurex-3.  We have no plans to market the burn lotion.
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.

<PAGE>7

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 develop a website and to market the ethnic shave
cream and the Aurex-3  through the website and our communications piece.  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.

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 our sales
piece and, to the extent of available capital, engage in additional limited
promotional activities.

If we only obtain proceeds of $50,000 or less, including $7,500 released to us
from the escrow account, the capital will only be sufficient to meet our
anticipated capital requirements for less than six months. Even if  we are able
to obtain additional capital of $150,000 in addition to the proceeds from the
escrow account,  we believe that the capital will only be sufficient to meet our
anticipated capital requirements for one year.  If we exhaust our capital and
cannot obtain additional capital, our stockholders can expect to lose all of
their investment.

We believe that we can begin marketing products within three months from the
time we acquired them from ADM Tronics.

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 and our
sales piece and we will not be able to develop a website.  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, other than the communications piece we intend to
develop.

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.

<PAGE>8

We must pay $25,000 to ADM Tronics in advance of the initiation of production of
the burn lotion for ADM Tronics' expenses and establishment of regulatory
support and processes for the distribution of the burn lotion by us.  If we do
not make the payment within one year from the consummation of the transaction
with ADM Tronics, we will lose the exclusive rights to the burn lotion.  Because
we do not have any plans to market the burn lotion, we do not believe that the
loss of the exclusive rights would be material to us.

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.


Item 3.  Controls and Procedures.

(a) The registrant's principal executive officer and principal financial
    officer has evaluated the effectiveness of the registrant's disclosure
    controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14)
    as of a date within 90 days prior to the filing date of this quarterly
    report and has concluded that disclosure controls and procedures of the
    registrant have ensured that material information relating to the
    registrant, including its consolidated subsidiary, is made known to him
    by others within those entities, particularly during the period in which
    this quarterly report is being prepared.

(b) There were no significant changes in the registrant's internal controls
    or in other factors that could significantly affect these controls
    subsequent to the date of their evaluation, including any corrective
    actions with regard to significant deficiencies and material weaknesses.

(c) Not applicable



                           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 had been
          deposited and continued to remain in an escrow account as of
          September 30, 2002.  The expenses of the offering are described in
          such registration statement.

<PAGE>9

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:    November 14, 2002

<PAGE>10

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                                  CERTIFICATION

 I, Gary Cella, certifies that:

 1. I have reviewed this quarterly report on Form 10-QSB of New England
    Acquisitions, Inc.;

 2. Based on my knowledge, this quarterly report does not contain any untrue
    statement of a material fact or omit to state a material fact necessary to
    make the statements made, in light of the circumstances under which such
    statements were made, not misleading with respect to the period covered by
    this quarterly report;

 3. Based on my knowledge, the financial statements, and other financial
    information included in this quarterly report, fairly present in all
    material respects the financial condition, results of operations and cash
    flows of the registrant as of, and for, the periods presented in this
    quarterly report;

 4. I am the registrant's only certifying officer and am responsible for
    establishing and maintaining disclosure controls and procedures (as defined
    in Exchange Act Rules 13a-14 and 15d-14) for the registrant and 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 me 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 my conclusions about the
            effectiveness of the disclosure controls and procedures based on my
            evaluation as of the Evaluation Date;

 5. I have disclosed, based on my most recent evaluation, to the registrant's
    auditors and the audit committee of registrant's board of directors (or
    persons performing the equivalent functions):

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

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

 6. I have indicated in this quarterly report whether or not there were
    significant changes in internal controls or in other factors that could
    significantly affect internal controls subsequent to the date of my most
    recent evaluation, including any corrective actions with regard to
    significant deficiencies and material weaknesses.

Date: November 13, 2002.

/s/ Gary Cella
    ----------
    Gary Cella
    Principal Executive Officer and
    Principal Financial Officer of the Registrant



                  CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND
                      CHIEF FINANCIAL OFFICER PURSUANT TO
                  18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT
                TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


I hereby certify that the Quarterly Report of New England Acquisitions, Inc. on
Form 10-QSB for the quarterly period ended June 30, 2002, fully complies with
the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of
1934 and that information contained in the Quarterly Report fairly presents, in
all material respects, the financial condition of New England Acquisitions, Inc


Date:  November 14, 2002     /s/ Gary Cella
                                 ----------
                                 Gary Cella
                                 Chief Executive Officer and
                                 Chief Financial Officer

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