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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  Form 10-QSB

     (Mark One)


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

                For the Quarterly Period Ended December 31, 2002

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

     For the Transition Period from __________ to ____________


                        Commission File Number 333-63432

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

                                    Florida
        (State of either jurisdiction of incorporation or organization)

                                   65-1102237

                       (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)




         The number of shares of the issuer's outstanding common stock,
                 which is the only class of its common equity,
                      on February 12, 2003 was 3,157,875.

                                ________________

           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

                                                       March 31,    December 31,
                                                         2002           2002
                                                        -------      ---------
                                                       (Audited)    (Unaudited)
CURRENT ASSETS
   Cash                                                    $100        $9,238
                                                        -------      ---------
        Total Current Assets                                100         9,238

OTHER ASSETS
   Restricted Cash                                       15,000            -
   License agreement                                          -        75,188
                                                        -------      ---------
                                                         15,000        75,188
                                                        -------      ---------
                                                        $15,100       $84,426
                                                        =======      =========
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accrued expenses                                      $7,500        $7,500
   Due to principal stockholder                          20,034        23,584
                                                        -------      ---------
        Total Current liabilities                        27,534        31,084

STOCKHOLDERS' EQUITY
   Common stock authorized 150,000,000
     shares; $0.00001 par value; issued
     and outstanding 3,007,500 and
     3,157,875 shares at March 31
     and December 31, 2002                                   30            32
   Additional paid-in capital                                 -        75,186
   Deficit accumulated during Development Stage         (12,464)      (21,876)
                                                        -------      ---------
        Total Stockholders' Equity-Deficit              (12,434)       53,342
                                                        -------      ---------
                                                        $15,100       $84,426
                                                        =======      =========

See accompanying notes to financial statements.


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

                       STATEMENT OF STOCKHOLDERS' EQUITY
         For the Period April 18, 2001 (Inception) to December 31, 2002


<table>
<caption>

                             <c>           <c>          <c>        <c>              <c>

                                      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)

Issuance of shares
  for purchase of
  License agreement
  at $.50 per share               150,375      275,186       75,186          -          75,188

Net loss for the
  nine month period
  ending December
  31, 2002
  (unaudited)                           -            -            -     (9,412)         (9,412)
                                ---------     --------     --------   --------         -------
                                3,157,875          $32      $75,186   $(21,876)       ($53,342)
                                =========     ========     ========   ========         =======

See accompanying notes to financial statements.

</table>


                         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 December 31,               ended December 31,      December 31,
                                2001              2002             2001            2002          2002
                                ---------       ---------        ---------     ---------       ---------
                                Unaudited       Unaudited       (Unaudited)                   (Unaudited)

GENERAL AND
  ADMINISTRATIVE
  EXPENSES                           $500         $5,862              $500        $9,412         $21,876
                                ---------       ---------        ---------     ---------       ---------
                                      500          5,862               500         9,412          21,876
                                ---------       ---------        ---------     ---------       ---------
NET LOSS FOR
  THE PERIOD                         $500         $5,862              $500        $9,412         $21,876
                                =========       =========        =========     =========       =========
NET LOSS PER
  SHARE                              $  -         $    -              $  -       ($0.003)        ($0.007)
                                =========       =========        =========     =========       =========
Weighted average
  number of common
  Shares Outstanding                    -              -         2,239,475     3,044,166       3,030,000
                                =========       =========        =========     =========       =========


See accompanying notes to financial statements.

</table>


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

                            STATEMENT OF CASH FLOWS
                                  (Unaudited)


<table>
<caption>

                                               <c>             <c>               <c>

                                                                                     Inception
                                                     For the nine month                 To
                                                    Period Ended December 31        December 31
                                                       2001         2002                2002
                                                   ---------      ---------         -----------
                                                  (Unaudited)    (Unaudited)
CASH FLOWS FROM OPERATING  ACTIVITIES

   Net loss for the period                        $      -        ($9,412)            ($18,512)
   Adjustments to reconcile net loss to
      Net cash provided by (used in)
      operating activities                               -              -                    -
   Restricted cash                                       -              -                    -
   Accrued expenses                                      -              -                7,500
   Due to principal stockholder                          -          3,550               23,584
                                                   ---------      ---------         -----------
        Net cash Provided by Operating Activities        -         (5,862)              12,572

CASH FLOWS FROM FINANCING ACTIVITIES

   Sales of common stock                               200         15,000               15,200
   Cost                                                  -              -              (18,534)
                                                   ---------      ---------         -----------
        Net Cash Provided by Financing Activities      200         15,000               (3,334)
                                                   ---------      ---------         -----------
   Net increase in cash                                200          9,138                9,238

CASH AT BEGINNING OF PERIOD                              -            100                    -
                                                   ---------      ---------         -----------
CASH AT END OF PERIOD                                 $200         $9,238               $9,238
                                                   =========      =========         ===========
SUPPLEMENTAL CASH FLOW INFORMATION:  None

See accompanying notes to financial statements.

</table>


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

                       NOTES TO THE FINANCIAL STATEMENTS


     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 10K-SB for the fiscal year ended March 31, 2002. Reference
     is also made to the Company's Post Effective Amendment Number 5 to the
     Company's prospectus dated October 7, 2002 filed pursuant to Rule 424 under
     the Securities Act of 1933.  The Company has had no significant operations
     since inception.

     2. Assets and Rights Agreement

     On October 7, 2002, the Company acquired certain rights to market and sell
     three different products from ADM Tronics Unlimited, Inc..  In connection
     with the acquisition, the Company issued 150,375 shares of its common stock
     to ADM Tronics Unlimited, Inc. An aggregate value of $75,188 was assigned
     to the  shares.

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.

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 now believe that we can begin marketing products d during the third quarter
of 2003.  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.

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.

We are in the advanced stage of negotiation to acquire all of the equity
interest in a corporation that intends to shortly open a retail store which will
sell and install automobile stereo and security systems.  The equity interest is
owned by the brother of our president.  If we make the acquisition, we
anticipate, issuing 100,000 shares of  our common stock to the seller.  We
cannot assure you that the acquisition will be made or, if made, that it will be
advantageous to us.


Item 2.   Controls and Procedures.

  (a)  Our  principal executive officer and principal financial officer has
       evaluated the effectiveness of our 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 our disclosure controls and procedures are adequate.

  (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)  Not applicable

     (c)  On November 7, 2002, we issued 150,375 shares of our common stock  to
          ADM Tronics Unlimited, Inc. pursuant to our Asset and Rights Purchase
          Agreement with ADM Tronics Unlimited, Inc. as described in our
          prospectus dated October 7, 2002 filed pursuant to Rule 424 under the
          Securities Act of 1933.  Reference is made to the prospectus for a
          description of the Agreement as well as the type and amount of
          consideration we received.  There  were no principal underwriters.  We
          claimed an exemption from the registration requirements of the
          Securities Act of 1933 pursuant to Section 4(2) of that Act inasmuch
          as no public offering was involved.

     (d)  During the quarterly period ended December 31, 2002, we utilized
          approximately  $6,000 of the proceeds from our public sale of common
          stock.  Of the foregoing, $2,200 was paid to our president to
          reimburse  him for expenses he had advanced on our behalf and the
          remainder represented professional fees, web site development costs
          and administrative costs.

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.**

               99.01     Certification Of Chief Executive Officer
                         And Chief Financial Officer
_________________________________
*    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:    February 14, 2003


                                  CERTIFICATION

I, Gary Cella, certify 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: February 14, 2003

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