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UNITIED STATES
  SECURITIES AND EXCHANGE COMMISSION  WASHINGTON, D.C. 20549


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FORM 10-QSB

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

|For the Quarter Ended: November 30, 2002 | Commission File Number 0-29903
|---------------------------------------- | ------------------------------

CORSEA MANAGEMENT INC.(Exact name of small business issuer as specified in its charter)

|Delaware                                                             | 98-0220844                          
|-------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation
      or organization) | (I.R.S. Employer Identification No.)

Suite 107 - 1576 Merklin Street, White Rock,
  British Columbia, Canada V4B 5K2(Address of principal executive offices)

(604) 536-5687(Issuer's telephone number including area code)

Indicate by check mark 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 last 12 months (or for such shorter period that
  the issuer was required to file such reports), and (2) has been subject to such
  filing requirements for the past 90 days.

YES x            
  NO  ̈

Indicate the number of shares outstanding
  of each of the issuer's classes of common equity, as of the end of the period

|Class                           | Outstanding as at November 30, 2002
|------------------------------- | -----------------------------------
|Common Stock, par value $0.0001 | 5,000,000                          

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PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

|i)   | Balance Sheet as at November 30, 2002       
|---- | --------------------------------------------
|ii)  | Statement of Operations                     
|iii) | Statement of Changes in Stockholders' Equity
|iv)  | Statement of Cash Flows                     
|v)   | Notes to the Financial Statements           









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CORSEA MANAGEMENT INC. 
  (A Development Stage Company)

BALANCE SHEET
  November 30, 2002
  (Unaudited)

ASSETS

|                                                          |   | November 30, 2002 |   |   | February 28, 2002 | 
|--------------------------------------------------------- | - | ----------------- | - | - | ----------------- | 
|                                                          |   |                   |   |   |                   | 
|Cash                                                      | $ | 37                |   | $ | ---               | 
|Incorporation Costs                                       | $ | 210               |   | $ | 210               | 
|                                                          |   |                   |   |   |                   | 
|TOTAL ASSETS                                              | $ | 247               |   | $ | 210               | 
|                                                          |   |                   |   |   |                   | 
|LIABILITIES AND STOCKHOLDERS EQUITY                     
|                                                          |   |                   |   |   |                   | 
|                                                          |   | November 30, 2002 |   |   | February 28, 2002 | 
|                                                          |   |                   |   |   |                   | 
|Liabilities:                                              |   |                   |   |   |                   | 
|Due to Director                                           | $ | 300               |   | $ | ---               | 
|                                                          |   |                   |   |   |                   | 
|                                                          |   |                   |   |   |                   | 
|TOTAL LIABILITIES                                         | $ | 300               |   | $ | ---               | 
|                                                          |   |                   |   |   |                   | 
|                                                          |   |                   |   |   |                   | 
|STOCKHOLDERS EQUITY                                     
|                                                          |   |                   |   |   |                   | 
|Common Stock, $0.0001 par value, 100
      Million        |   |                   |   |   |                   | 
|shares authorized,
      5,000,000 issued and outstanding | $ | 210               |   | $ | 210               | 
|                                                          |   |                   |   |   |                   | 
|Accumulated Deficit                                       |   | 263               |   |   | ---               | 
|                                                          |   |                   |   |   |                   | 
|                                                          |   |                   |   |   |                   | 
|Total Stockholders Equity                                | $ | (53               | ) | $ | 210               | 
|                                                          |   |                   |   |   |                   | 
|                                                          |   |                   |   |   |                   | 
|TOTAL LIABILITIES AND                                     |   |                   |   |   |                   | 
|STOCKHOLDERS EQUITY                                      | $ | 247               |   | $ | 210               | 
|                                                          |   |                   |   |   |                   | 

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CORSEA MANAGEMENT INC.
  (A Development Stage Company)

STATEMENT OF OPERATIONS
  (For the nine months ended November 30, 2002)
  (Unaudited)

|                           |   | November 30, 2002 |   |   | February 28, 2002 | 
|-------------------------- | - | ----------------- | - | - | ----------------- | 
|                           |   |                   |   |   |                   | 
|Income                     | $ | ---               |   | $ | ---               | 
|                           |   |                   |   |   |                   | 
|                           |   |                   |   |   |                   | 
|TOTAL INCOME               | $ | ---               |   | $ | ---               | 
|                           |   |                   |   |   |                   | 
|                           |   |                   |   |   |                   | 
|Expenses                   |   |                   |   |   |                   | 
|                           |   |                   |   |   |                   | 
|General and Administrative |   | 263               |   |   | ---               | 
|                           |   |                   |   |   |                   | 
|                           |   |                   |   |   |                   | 
|                           |   |                   |   |   |                   | 
|                           |   |                   |   |   |                   | 
|TOTAL EXPENSES             | $ | 263               |   | $ | ---               | 
|                           |   |                   |   |   |                   | 
|                           |   |                   |   |   |                   | 
|NET LOSS                   | $ | (263              | ) | $ | ---               | 
|                           |   |                   |   |   |                   | 

(See Accompanying Notes To The Financial Statements)

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CORSEA MANAGEMENT INC.
  (A DEVELOPMENT STAGE COMPANY)

STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY(For the Nine Months Ended November 30, 2002)
  (Unaudited)

|                                                |   | Common |  |   | Accumulated |   |   | Total | 
|----------------------------------------------- | - | ------ |  | - | ----------- | - | - | ----- | 
|                                                |   | Stock  |  |   | Deficit     |   |   |       | 
|                                                |   |        |  |   |             |   |   |       | 
|Common Stock Issuance                           | $ | 210    |  | $ | ---         |   | $ | 210   | 
|                                                |   |        |  |   |             |   |   |       | 
|Net Loss For The Period Ended February 28, 2002 |   | ---    |  |   | ---         |   |   | ---   | 
|                                                |   |        |  |   |             |   |   |       | 
|Net Loss For The Period Ended August 31, 2002   |   | ---    |  |   | ---         |   |   | ---   | 
|                                                |   |        |  |   |             |   |   |       | 
|Net Loss For The Period Ended November 30, 2002 |   | ---    |  |   | (263        | ) |   | 263   | 
|                                                |   |        |  |   |             |   |   |       | 
|BALANCE as at November 30, 2002                 | $ | 210    |  | $ | (263        | ) | $ | 473   | 
|                                                |   |        |  |   |             |   |   |       | 

See accompanying notes to the financial statements

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CORSEA MANAGEMENT INC.
  (A DEVELOPMENT STAGE COMPANY)

STATEMENT OF CASH FLOWSNovember 30, 2002
  (Unaudited)

|                                        |   | November 30, 2002 |  |   | February 28, 2002 | 
|--------------------------------------- | - | ----------------- |  | - | ----------------- | 
|                                        |   |                   |  |   |                   | 
|CASH FLOW FROM OPERATING                |   |                   |  |   |                   | 
|ACTIVITIES:                             |   |                   |  |   |                   | 
|                                        |   |                   |  |   |                   | 
|Net Loss From Operations                | $ | 263               |  | $ | ---               | 
|                                        |   |                   |  |   |                   | 
|Adjustment to reconcile net loss to net |   |                   |  |   |                   | 
|cash used in operating activities       |   | ---               |  |   | ---               | 
|                                        |   |                   |  |   |                   | 
|Net cash used in operating activities   |   | 263               |  |   | ---               | 
|                                        |   |                   |  |   |                   | 
|CASH FLOW FROM INVESTING                |   |                   |  |   |                   | 
|ACTIVITIES:                             |   |                   |  |   |                   | 

|Capitalized incorporation costs            | $ | --- |  | $ | --- | 
|------------------------------------------ | - | --- |  | - | --- | 
|                                           |   |     |  |   |     | 
|                                           |   |     |  |   |     | 
|Net cash provided by financing activities  | $ | 300 |  | $ | --- | 
|                                           |   |     |  |   |     | 
|CASH FLOW FROM FINANCING                   |   |     |  |   |     | 
|ACTIVITIES:                                |   |     |  |   |     | 
|                                           |   |     |  |   |     | 
|Proceeds from the issuance of common stock | $ | --- |  | $ | --- | 
|                                           |   |     |  |   |     | 
|                                           |   |     |  |   |     | 
|Net cash provided by financing activities  | $ | 300 |  | $ | --- | 
|                                           |   |     |  |   |     | 
|INCREASE (DECREASE) IN CASH                |   |     |  |   |     | 
|AND CASH EQUIVALENTS                       | $ | 300 |  | $ | --- | 
|                                           |   |     |  |   |     | 
|CASH AND CASH EQUIVALENTS                  |   |     |  |   |     | 
|BEGINNING OF PERIOD                        | $ | --- |  | $ | --- | 
|                                           |   |     |  |   |     | 
|CASH AND CASH EQUIVALENTS                  |   |     |  |   |     | 
|END OF PERIOD                              | $ | 37  |  | $ | --- | 
|                                           |   |     |  |   |     | 

See accompanying notes to the financial statements

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CORSEA MANAGEMENT INC.
  (A DEVELOPMENT STAGE COMPANY)

Notes to the Audited Financial
  Statements
  For the Nine Months Ended November 30, 2002

|NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES
|---------------------------------------------------------
|                                                         
|1.                                                       
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|                                                         
|                                                         
|                                                         
|                                                         
|                                                         
|                                                         
|                                                         
|                                                         
|                                                         
|                                                         
|                                                         

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|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Company. Statement No. 130, "Reporting
        Comprehensive Income", establishes standards for reporting and display
        of comprehensive income and its components, and is effective for fiscal
        years beginning after December 15, 1997. Statement No. 131, "Disclosure
        about Segments of an Enterprise and Related Information" establishes standards
        for the way that public business enterprises report information about
        operating segments in annual financial statements and requires that those
        enterprises report selected information about operating segments in interim
        financial reports issued to shareholders. It also establishes standards
        for related disclosures about products and services, geographic areas,
        and major customers, and is effective for financial statements for periods
        beginning after December 15, 1997. The Company believes that its adoption
        of Statements 130 and 131 will not have a material effect on the Company's
        financial position or results of operations.
|----------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                             
|NOTE 2 - STOCKHOLDERS' EQUITY
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                              | A..                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Common Stock
      The Company
        is authorized to issue 100,000,000 shares of common stock with a $0.0001
        par value. The Company issued 5,000,000 shares to a former director of
        the Company, pursuant to Rule 506, for a total consideration of $210.
        On October 9, 2002, the 5,000,000 common shares were transferred to D.
        Gary Fife, President, as to 2,500,000 shares and to William Whittle, Vice-President
        and Secretary, as to 2,500,000 shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                              | B.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Stockholders' Equity
      At inception,
        the Company issued 5,000,000 shares of its $0.0001 common stock to the
        sole director and officer as reimbursement for the organizational costs
        paid by the director. Fair value used for this transaction of $210 was
        based upon the actual cost of incorporation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|NOTE 3 - RELATED PARTIES     
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                              | The
        Company has not engaged legal counsel or an auditor as of the date of
        this report. Legal and accounting services are provided to the Company
        by the Board of Directors without compensation.
      An agreement
        to provide services to the Company by a former director has terminated
        effective October 9, 2002, the date of his resignation as a director and
        officer. No amount is owing under this agreement.

ITEM 2, 	 MANAGEMENT'S PLAN OF OPERATION

Plan of Operation

The Company's
  plan of operation is to merge with or acquire a business entity in exchange
  for the Company's share capital. The Company has no particular acquisition in
  mind and has not entered into any negotiations regarding such an arrangement.
  No assurances can be given that the Company will be successful in locating or
  negotiating with any target company or business.

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The Company's
  purpose is to seek, investigate and, if such investigation warrants, acquire
  an interest in a business entity which desires to seek the potential advantages
  of a corporation which has a class of securities registered under the Securities
  and Exchange Act. The Company will not restrict its search for any specific
  kind of business entity, but may acquire a venture which is in its preliminary
  or development stage or which is already conducting business operations as a
  going concern. It is impossible to predict at this time the nature and status
  of any business in which the Company may become engaged in that such business
  may need to seek additional capital, may desire to have its shares publicly
  traded, or may seek other perceived benefits of a publicly registered corporation.
  Such perceived benefits may include facilitating or improving the terms on which
  additional equity financing may be sought, providing liquidity for incentive
  stock options or similar benefits to employees, increasing the opportunity to
  use securities for acquisitions, providing liquidity for shareholders and other
  factors.

The analysis
  of any business opportunities will be undertaken by, or under the supervision
  of the directors of the Company both of whom have received university education
  in commerce and together have many years of work experience in corporate finance,
  business analysis and public company governance. The President, Mr. D. Gary
  Fife holds a Masters of Business Adminsitration Degree from Western University
  Ontario and is a Chartered Financial Analyst. The Vice- President and Secretary,
  Mr. William Whittle, holds a Bachelor of Commerce degree from the University
  of British Columbia.

The Company
  may enter into a business arrangement with a business entity or company that
  desires to establish a public trading market for its share capital. A target
  company may attempt to avoid what it deems to be adverse consequences of undertaking
  its own public offering by seeking a business combination with the Company.
  Such consequences may include, but are not limited to, time delays of the registration
  process, significant expenses to be incurred in such an offering, loss of voting
  control to public shareholders or the inability to obtain an underwriter or
  to obtain an underwriter on satisfactory terms.

In implementing
  a structure for a particular business acquisition, the Company may become a
  party to a merger, consolidation, re-organization, joint venture, or licensing
  agreement with another corporation or entity. It may also acquire stock or assets
  of an existing business. The Company will participate in a business opportunity
  only after the negotiation and execution of appropriate agreements. The Company
  will not acquire or merge with any entity which cannot provide audited financial
  statements at or within a reasonable period of time after closing of the proposed
  transaction.

It is anticipated
  that any securities issued in any business arrangement would be issued in reliance
  upon exemption from registration under applicable federal and state securities
  laws. In some circumstances, however, as a negotiated element of its transaction,
  the Company may agree to register all or a part of such securities immediately
  after the transaction has completed or at specified times thereafter. If such
  registration occurs, of which there can be no assurance, it will be undertaken
  by the surviving entity after the Company has entered into an agreement for
  a business combination or has completed a business combination and the company
  is no longer considered a 'blank check' company. The issuance of additional
  securities and their potential sale into any trading market which may develop
  in the Company's securities may depress the market value of the Company's securities
  in the future if such a market develops, of which there can be no assurance.

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**PART II - OTHER INFORMATION**

|ITEM 1 | Legal Proceedings                                  
|------ | ---------------------------------------------------
|       | None                                               
|       |                                                    
|ITEM 2 | Changes in Securities                              
|       | (a)                                                
|       |                                                    
|       | (b)                                                
|       |                                                    
|       | (c)                                                
|       |                                                    
|       | (d)                                                
|       |                                                    
|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                   
|       | (a)                                                
|       |                                                    
|       |                                                    
|       | (b)                                                
|       |                                                    



SIGNATURES

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

|                         | CORSEA MANAGEMENT INC.
|------------------------ | ----------------------
|Dated: February 15, 2003 |                       
|                         |                       
|                         | By:                   
|                         |                       
|                         |                       
|                         |                       
|                         | By:                   
|                         |                       
|                         |                       

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