<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[  X]     Quarterly  Report  pursuant  to  Section 13 or 15(d) of the Securities
Exchange  Act  of  1934

     For  the  quarterly  period  ended  SEPTEMBER  30,  2001

[   ]     Transition  Report  pursuant to 13 or 15(d) of the Securities Exchange
Act  of  1934

     For  the  transition  period to


          Commission  File  Number          000-32747
                                            ---------

                        FIRST CYPRESS TECHNOLOGIES, INC.

--------------------------------------------------------------------------------
          (Exact name of small Business Issuer as specified in its charter)

NEVADA                                        98-0218688
---------------------------------             ------------------------------
(State or other jurisdiction of               (IRS Employer Identification No.)
incorporation  or  organization)


1281 WEST GEORGIA STREET, SUITE NO. 501
VANCOUVER, BRITISH  COLUMBIA                  V6E  3J7
---------------------------------             -----------
(Address of principal executive               (Zip  Code)
 offices)

Issuer's telephone number, including area code:   604-817-1441


                                      NONE
           -----------------------------------------------------------
              (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  Securities  Exchange Act of 1934 during the preceding 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  [  X  ]  Yes    [  ]  No

State the number of shares outstanding of each of the issuer's classes of common
stock,  as  of the latest practicable date:  7,057,500 SHARES OF $.001 PAR VALUE
COMMON  STOCK  OUTSTANDING  AS  OF  NOVEMBER  12,  2001.

<PAGE>


                         PART 1 - FINANCIAL INFORMATION

ITEM  1.          FINANCIAL  STATEMENTS

The accompanying unaudited financial statements have been prepared in accordance
with  the  instructions  to  Form 10-QSB and Item 310(b) of Regulation S-B, and,
therefore, do not include all information and footnotes necessary for a complete
presentation  of  financial  position,  results  of  operations, cash flows, and
stockholders'  equity  in  conformity  with  generally  accepted  accounting
principles.  In  the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been  included  and  all  such  adjustments  are  of  a normal recurring nature.
Operating  results  for  the  nine  months  ended  September  30,  2001  are not
necessarily  indicative  of the results that can be expected for the year ending
December  31,  2001.


<PAGE>








                        FIRST CYPRESS TECHNOLOGIES, INC.
                          (A Development Stage Company)
                          Interim Financial Statements
               For the nine-month period ended September 30, 2001
                            (Expressed in US Dollars)
                                   (Unaudited)






Contents
-------------------------------------------------------------------------------

Interim  Financial  Statements

     Balance  Sheets

     Statements  of  Changes  in  Shareholders'  Equity

     Statements  of  Operations

     Statements  of  Cash  Flows

     Notes  to  Financial  Statements

See  the  accompanying  notes  to  these  interim  financial  statements.

<PAGE>
<TABLE>
<CAPTION>
================================================================================
                                                First Cypress Technologies, Inc.
                                                   (A Development Stage Company)
                                                                  Balance Sheets
                                                       (Expressed in US Dollars)

                                                     September 30    December 31
                                                             2001           2000
--------------------------------------------------------------------------------
                                                    (Unaudited)
<S>                                                 <C>              <C>
Assets

Current
  Cash                                              $     564        $      427
================================================================================

Liabilities and Shareholders' Equity

Current
  Accounts payable and accrued liabilities          $  44,730        $   40,622

Due to related party                                   93,521            67,469
                                                    ----------------------------
                                                      138,251           108,091
                                                    ----------------------------

Share Capital and Deficit
  Share capital
    Authorized - 25,000,000 common shares with
      par value $0.001
    Issued and fully paid - 7,057,500 common
      shares                                            7,058             7,058
   Additional paid-in capital                          24,592            24,592
   Deficit accumulated during the development
     stage                                           (169,337)         (139,314)
                                                    ----------------------------
                                                     (137,687)         (107,664)
                                                    ----------------------------
                                                    $     564        $      427
================================================================================
</TABLE>

See  the  accompanying  notes  to  these  interim  financial  statements.


<PAGE>
<TABLE>
<CAPTION>

===================================================================================================
                                                                First  Cypress  Technologies,  Inc.
                                                                      (A Development Stage Company)
                                               Interim Statement of Changes in Shareholders' Equity
                                                                          (Expressed in US Dollars)
                                                                                        (Unaudited)

                                      Number of  Per    Carrying   Additional Total         Total
                                      Common    share   Value      Paid in    Accumulated   Stockholders'
                                      Shares    price              Capital    Deficit       Equity
<S>                                   <C>       <C>      <C>       <C>        <C>         <C>
Incorporation,
  September 14, 1999                  5,000,000 $ 0.001  $  5,000  $       -  $       -   $  5,000

Sale of common shares,
  November 15, 1999                   1,990,000 $ 0.010     1,990     17,910          -     19,900
Sale of common shares,
  December 31, 1999                      67,500 $ 0.100        68      6,682          -      6,750
Net loss to December 31, 1999                 -                 -          -    (33,298)   (33,298)
                                      ---------- ------  ---------  --------  ----------- ----------
Balance, December 31, 1999            7,057,500             7,058     24,592    (33,298)    (1,648)

Net loss to December 31, 2000                 -                 -          -   (108,996)  (108,996)
                                      ---------- ------  ---------  --------  ----------- ----------
Balance, December 31, 2000            7,057,500             7,058     24,592   (142,294)   (110,644)

Net loss to September 30, 2001                -                 -          -    (27,043)    (27,043)
                                      ---------- ------  ---------  --------  ----------- ----------
Balance, September 30, 2001           7,057,500          $  7,058  $ 24,592   $(169,337)  $(137,687)
====================================================================================================

</TABLE>

See  the  accompanying  notes  to  these  interim  financial  statements.




<PAGE>
<TABLE>
<CAPTION>
================================================================================
                                              First  Cypress  Technologies, Inc.
                                                   (A Development Stage Company)
                                                 Interim Statement of Operations
                                                       (Expressed in US Dollars)
                                                                     (Unaudited)


                   For the     For the     For the      For the      Period
                   three (3)   nine (9)     three (3)    nine (9)      from
                   months      months       months       months    September 14
                    ended       ended       ended        ended         1999
                 September    September    September    September (inception) to
                      30           30           30           30     September 30
                    2001         2001         2000         2000         2001
--------------------------------------------------------------------------------
<S>             <C>          <C>          <C>          <C>          <C>

Expenses

  Interest      $    1,828   $    5,010   $      33    $      105   $    8,147
  Management
   fees              3,000        9,000           -         1,000       10,000
  Office and
   administration        -            -           -         1,170        1,241
  Professional
   fees                205        8,533       4,791        95,311      124,449
   Rent              1,500        4,500       1,500         4,500       10,500
  Software
   development           -            -           -             -       15,000
                --------------------------------------------------------------

Net loss for
 the period     $   (6,533)  $  (27,043)  $   (6,324)  $ (102,086)  $ (169,337)
                ==============================================================
Basic loss per
 share - Basic
 and diluted    $   (0.001)  $   (0.004)  $   (0.001)  $   (0.014)  $   (0.025)
                ==============================================================
Weighted average
  shares
  outstanding    7,057,500    7,057,500    7,057,500    7,057,500    6,882,574
==============================================================================
</TABLE>

See accompanying notes to these interim financial statements


<PAGE>
<TABLE>
<CAPTION>
================================================================================

                                             First  Cypress  Technologies,  Inc.
                                                   (A Development Stage Company)
                                                 Interim Statement of Cash Flows
                                                       (Expresses in US Dollars)
                                                                     (Unaudited)




                                              For the    For the    Period from
                                              nine (9)   nine (9)   September 14
                                              months     months         1999
                                              ended      ended    (inception) to
                                            September  September   September 30
                                                30          30        2001
                                               2001        2000
                                            ===================================
<S>                                          <C>         <C>         <C>

Cash flows from operating activities
  Net loss for the period                   $ (27,043)   $(102,086)  $(169,337)

Changes in assets and liabilities
  Accounts payable and accrued
    liabilities                                 4,108       43,824      44,730
                                            ------------------------------------
                                              (22,935)     (58,262)   (124,607)
                                            ------------------------------------
Cash flows from financing activities
  Increase in amounts due to related party     23,072       43,388      93,521
  Issuance of share capital                         -            -      31,650
                                            ------------------------------------
                                               23,072       43,388     125,171
                                            -----------------------------------
Increase (decrease) in cash during
  the period                                      137      (14,874)        564

Cash, beginning of period                         427       15,352           -
                                            ------------------------------------
Cash, end of period                         $     564          478   $     564
================================================================================
</TABLE>

See accompanying notes to these interim financial statements



<PAGE>
================================================================================
                                                First Cypress Technologies, Inc.
                                                   (A Development Stage Company)
                                       Notes to the Interim Financial Statements
                                                       (Expressed in US Dollars)
                                                                     (Unaudited)

September  30,  2001
--------------------------------------------------------------------------------

1.  Basis  of  Presentation  and  Ability  to  Continue  as  a  Going  Concern
------------------------------------------------------------------------------

The  interim  financial statements included herein, presented in accordance with
United States generally accepted accounting principles and stated in US Dollars,
have  been  prepared  by  the  Company, without audit, pursuant to the rules and
regulations  of the Securities and Exchange Commission.  Certain information and
footnote  disclosures  normally  included  in  financial  statements prepared in
accordance  with generally accepted accounting principles have been condensed or
omitted  pursuant  to  such rules and regulations, although the Company believes
that  the  disclosures  are adequate to make information present not misleading.

These  statements  reflect  all  adjustments,  consisting  of  normal  recurring
adjustments  which,  in  the  opinion  of  management,  are  necessary  for fair
presentation  of  the information contained therein.  It is suggested that these
interim  financial  statements  be  read  in  conjunction  with  the  financial
statements of the company for the year ended December 31, 2000 and notes thereto
included  in the Company's SB-2 filing.  The Company follows the same accounting
policies  in  the  preparation  of  interim  reports.

Results  of  operations  for  the  interim  period  are not indicative of annual
results.

These  accompanying  financial  statements have been prepared on a going concern
basis,  which  contemplates  the  realization  of assets and the satisfaction of
liabilities  and  commitments in the normal course of business.  As at September
30,  2001,  the  Company has recognized no revenue and has accumulated operating
losses of $169,337 since its inception, has negative working capital of $137,687
and  has  shareholders' deficit of $137,687.  The continuation of the Company is
dependent  upon  the  continuing financial support of creditors and stockholders
and  obtaining  long-term  financing  as well as achieving a profitable level of
operations.  Management  plans to raise equity capital to finance the operations
and  capital requirements of the Company.  It is management's intention to raise
new  equity  financing  of approximately $850,000 during the next twelve months.
Amounts  raised  will  be  used  to  complete  the  development of the EngineMax
software,  commence  development  of  the  Company's  web  site,  undertake  an
advertising and marketing campaign and purchase necessary equipment and supplies
for  the  operation  of  the  business.  While the Company is expending its best
efforts to achieve the above plans, there is no assurance that any such activity
will  generate  funds  that  will  be  available  for  operations.

These conditions raise substantial doubt about the Company's ability to continue
as  a  going  concern. These financial statements do not include any adjustments
relating  to  the recoverability and classification of recorded asset amounts or
amounts  and  classification  of  liabilities  that  might  arise  from  this
uncertainty.


2.  Related  Party  Transactions

During  the three-month period the Company has incurred rent and office services
in  the  amount  of  $1,500  ($4,500  for  the  nine months). These services are
provided  to  the  Company, by the President of the Company, on a month to month
basis  at  $500  per  month and can be terminated by the Company without notice.



<PAGE>

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

FORWARD  LOOKING  STATEMENTS

This  report  on  Form 10-QSB contains certain forward-looking statements within
the meaning of section 21(e) of the Securities Exchange Act of 1934, as amended,
and  other  applicable securities laws.  All statements other than statements of
historical  fact  are  "forward-looking  statements"  for  purposes  of  these
provisions,  including any projections of earnings, revenues, or other financial
items; any statements of the plans, strategies, and objectives of management for
future  operation; any statements concerning proposed new products, services, or
developments,  any  statements  regarding  future  economic  conditions  or
performance,  statements  of belief, and any statement of assumptions underlying
any  of  the foregoing.  Such forward-looking statements are subject to inherent
risks  and  uncertainties, and actual results could differ materially from those
anticipated  by  the  forward-looking  statements.

PLAN  OF  OPERATIONS

Our  plan  of  operations  for  the  twelve  months  following  the date of this
quarterly  report  for  the  period ending September 30, 2001 is to complete the
following  objectives within the time period specified, subject to our obtaining
financing  for  the  development  and  marketing  of  our  EngineMax  software:

     Build an internal administrative and managerial organization to oversee all
areas  of  development  and  long-term  operations

     Develop  a  functional  and  marketable  piece  of  software

     Create  a  cost-effective  and  internet-based  marketing  campaign

     Develop  a  web  site  to  market  the  software

To fund our plan of operations, we need to raise $850,000 over the twelve months
following  September  30,  2001.  In  building  our  internal administrative and
managerial  organization,  we  will  seek  to  minimize  the hiring of full-time
employees.  Full-time  positions  will  be  limited to the president/CEO, CFO, a
software  development project manger, an office manager, and a marketing manager
(see  later  discussion regarding the time frame for the hiring of some of these
positions).  Other  part-time and contract people are expected to be required to
provide  assistance  to these roles. We project that the cost of these employees
will  not  exceed  $300,000  for the twelve months following September 30, 2001.

We  also  anticipate  building  an  internal  enhancement, support and marketing
infrastructure  for  the business. For the twelve months following September 30,
2001,  we anticipate spending approximately $50,000 on the purchase of necessary
equipment  and  supplies.

The  most  important  and  difficult  goal is to complete the development of the
EngineMax

<PAGE>

software.  We  plan  to hire an external software development firm to build the
software  rather  than  handle  this  process  ourselves.

We  anticipate  that  we will hire the external software development firm by the
end  of  the  first  quarter  of  2002 and that the development of the EngineMax
software  will begin immediately thereafter.  We anticipate that the development
costs  will  be approximately $250,000 and will consist primarily of payments to
consultants  for  programming  and  software development services. Therefore the
independent  third  party consultants will conduct all research and development.

The  development  of  our  EngineMax  software  will  commence once financing is
obtained.

We  plan  to  commence development of our web site slightly before completion of
the  EngineMax  software.  We  anticipate  that  our  web  site  will  be  fully
operational  by  the  end  of the first quarter of 2002.  We anticipate that the
development  expenses  for  this  web  site  will  be  approximately  $50,000.

We  plan to undertake an advertising and marketing campaign once the development
of  our  EngineMax  software  is complete.  We anticipate that initial marketing
expenses  for  the  twelve  months  following  September  30,  2001  will  be
approximately $100,000. A third party marketing consulting firm will design this
campaign  and  conduct  the  majority  of the work. We anticipate that this will
minimize  start  up  expenses and optimize results in the ever-changing world of
Internet  marketing.

We  anticipate that our first revenues will be earned within the second or third
quarter  of  2002.

In  summary,  we  anticipate  the  following  steps will be necessary to make us
operational:

1.  Hire  support  staff,  including  a  software development project manger, an
office  manager  and  a marketing manager.  This is expected to occur during the
first quarter of 2002 and cost approximately $33,333 per month once we are fully
staffed.

2.  Create  the  EngineMax  software. This is expected to occur during the first
quarter  of  2002  and  cost  approximately  $250,000.

3.  Create  the  web site. This is expected to occur during the first quarter of
2002  and  cost  approximately  $50,000.

4.  Launch  our  advertising  and  marketing campaign. This is expected to occur
during  the  first  quarter  of  2002 and cost approximately $100,000 initially.

We  thus  anticipate  that  we  will be spending approximately $850,000 over the
twelve-month  period  after  September  30,  2001  in  pursuing  this  plan  of
operations.  Of  these  expenditures,  we anticipate that approximately $475,000
will  be  spent  in the first six months following September 30, 2001.  Our cash
position  as  of  September  30,  2001  was $564.

<PAGE>

Accordingly, we will require additional  financing  in  order  to  pursue  this
business  plan.

We anticipate that if we are successful in completing a financing, the financing
would  be  an  equity financing through the sale of our common stock.  We do not
have  any  arrangement  in  place  for  any debt or equity financing.  If we are
successful  in  completing  an  equity  financing,  existing  shareholders  will
experience  dilution  of their interest in our company.  In the event we are not
successful  in  raising  additional  financing  and in the event that one of the
alternatives  described  directly below does not come to fruition, we anticipate
that  we  will not be able to proceed with our business plan for the development
and  marketing  of  the  EngineMax  software  and  that  our  business may fail.

As  of  September  30,  2001 the company has been unsuccessful in its efforts to
raise  additional  capital  to  meet  its plan of operations. Due to our lack of
operating  history and present inability to generate revenues, our auditors have
stated  their  opinion  that  there currently exists substantial doubt about our
ability  to  continue  as  a  going concern. At the present time, the Company is
exploring  other  alternatives  including various methods for raising additional
funds,  forming  partnerships  with  other  entities,  as well as other business
opportunities.

We  anticipate incurring continuing operating losses for the foreseeable future.
We  base  this  expectation, in part, on the fact that we will incur substantial
operating  expenses  in  completing the development of our software and web site
and  do  not anticipate earning any revenues until sometime next year. We intend
to raise to obtain financing through additional equity financing until such time
as  cash  flows  are  generated from operations sufficient to support us. We are
currently  pursuing  financing  from  various  potential  investors. Due to cash
constraints,  the  Company  has  been  severely  limited  in its ability to make
progress  towards achievement of its business plan. Our future financial results
are  also  uncertain  due  to a number of factors, some of which are outside our
control.  These  factors  include,  but  are  not  limited  to:

-     our ability to develop a commercially marketable computer software program
with  the  features  and  functionality  sought  by  potential  customers;
-     our  ability  to  successfully  market  our EngineMax computer software to
potential  customers;
-     our  ability  to  charge  customers  a  license fee that will enable us to
generate  revenues  exceeding  operating  costs;
-     the  introduction  and  availability of competing products by competitors.


<PAGE>
PART  II  -  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

     None

ITEM  2.  CHANGES  IN  SECURITIES

     None

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES

     None

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

     None

ITEM  5.  OTHER  INFORMATION

     None

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

EXHIBITS

     Exhibit  99.1     Risk  Factors

REPORTS  ON  FORM  8-K

     None






<PAGE>




                                   SIGNATURES

In  accordance with the requirements of the Securities and Exchange Act of 1934,
the  Registrant  has  duly  caused this report to be signed on its behalf by the
undersigned,  thereunto  duly  authorized.

FIRST  CYPRESS  TECHNOLOGIES,  INC.

Date:     November  16,  2001



By:  /s/ Robert Rosner
     -------------------------------
     Robert  Rosner
     President,  CEO  and  Director