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
                                November 30, 2001

   OR

[ ]            TRANSITION REPORT PURSUANT TO SECTION 13 OR
               15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                      For the transition period from
                                      to


                         Commission file number 0-29903

                              CORSEA MANAGEMENT INC
             (Exact name of registrant as specified in its charter)



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


                     128 April Rd., Port Moody, B.C. V3H3M5
               (Address of principal executive offices (zip code))

                                  604/469-8901
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (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 registrant 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 latest practicable date.


             Class                             Outstanding at November  30, 2001

Common Stock, par value $0.0001                           5,000,000

<PAGE>

PART I -- FINANCIAL INFORMATION

                          ITEM 1. FINANCIAL STATEMENTS

                              CORSEA MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                                  Balance Sheet
                                November 30, 2001
                                   (Unaudited)
           (With unaudited figures at August 31, 2001 for comparison)

                                     ASSETS

                                             August 31, 2001   November 30, 2001
                                             ---------------   -----------------

Incorporation Costs                             $      210        $      210
                                                ----------        ----------

TOTAL ASSETS                                    $      210        $      210
                                                ----------        ----------

                      LIABILITIES AND STOCKHOLDER'S EQUITY

                                             August 31, 2001   November 30, 2001
                                             ---------------   -----------------

LIABILITIES

   Total liabilities                            $       --        $       --
                                                ----------        ----------

STOCKHOLDER'S EQUITY

   Common Stock, $.0001 par value,
    100 million shares authorized,
    5,000,000 issued and outstanding                   210               210
   Deficit accumulated during
    development stage                                   --                --

     Total Stockholder's Equity                        210               210
                                                ----------        ----------

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY      $      210        $      210
                                                ----------        ----------

                 See accompanying notes to financial statements.

<PAGE>

                              CORSEA MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
                                November 30, 2001
                                   (unauditd)
            (With unaudited figures at August 31,2001 for comparison)


                                             August 31, 2001   November 30, 2001
                                             ---------------   -----------------

Income                                          $       --        $       --

Expenses

Organization expense                                    --                --

Total expenses                                          --                --
                                                ----------        ----------

NET LOSS                                        $       --        $       --
                                                ----------        ----------

                 See accompanying notes to financial statements.

<PAGE>

                              CORSEA MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CHANGES IN
                              STOCKHOLDER'S EQUITY
                             Ended November 30, 2001
                                   (unaudited)
            (With unaudited figures at August 31,2001 for comparison)


                                                       Deficit
                                                       Accumulated
                                        Common         During Devel-
                                        Stock          opment Stage   Total
                                        -----          ------------   -----

Common stock issuance                   $      210     $       --     $      210

Net losses: For the period
ended August 31, 2001                           --             --             --

For the period
ended November 30, 2001                         --             --             --

BALANCE AT November 30, 2001            $      210     $       --     $      210
                                        ----------     ----------     ----------

<PAGE>

                              CORSEA MANAGEMENT INC
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
                                November 30, 2001
                                   (unaudited)
            (With unaudited figures at August 31,2001 for comparison)

CASH FLOWS FROM                              August 31, 2001   November 30, 2001
OPERATING ACTIVITIES:                        ---------------   -----------------

Net loss                                        $       --        $       --
Adjustment to reconcile net loss
 to net cash used by operating activities:

 Net cash used in operating activities                  --                --
                                                ----------        ----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Capitalized incorporation costs                       --                --
                                                ----------        ----------

CASH FLOWS FROM FINANCING ACTIVITIES:

   Proceeds from issuance of common stock               --                --
                                                ----------        ----------

 Net cash provided by financing activities              --                --
                                                ----------        ----------

INCREASE(DECREASE) IN CASH
AND CASH EQUIVALENTS                            $       --        $       --

CASH AND CASH EQUIVALENTS
BEGINNING OF PERIOD                                     --                --
                                                ----------        ----------

CASH AND CASH EQUIVALENTS
END OF PERIOD                                   $       --        $       --
                                                ----------        ----------

                See accompanying notes to financial statements.

<PAGE>

                             CORSEA MANAGEMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             AS OF NOVEMBER 30, 2001


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

1.   SIGNIFICANT ACCOUNTING POLICIES
------------------------------------

     A.   Basis of presentation
     --------------------------

     The financial  statements  have been prepared in accordance  with generally
     accepted  accounting  principles for interim financial  information and the
     instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B.
     Accordingly,  they do not  include  all of the  information  and  footnotes
     required by generally accepted accounting principles for complete financial
     statements.  In the  opinion of  management  , all  adjustments  considered
     necessary in order to make the financial  statements  not misleading , have
     been included. Amounts reported in the statements of operations and deficit
     and cash flows are for the quarterly period ended November 30, 2001.

     B.   Organization and Business Operations
     -----------------------------------------

     Corsea  Management,  Inc. (a development stage company) ("the Company") was
     incorporated in Delaware on March 3, 2000 to serve as a vehicle to effect a
     merger,  exchange of capital  stock,  asset  acquisition  or other business
     combination  with a domestic or foreign private  business.  At November 30,
     2001, the Company had not yet commenced any formal business operations, and
     all activity to date relates to the  Company's  formation and proposed fund
     raising.

     The Company's ability to commence operations is contingent upon its ability
     to identify a  prospective  target  business  and raise the capital it will
     require through the issuance of equity  securities,  debt securities,  bank
     borrowings or a combination thereof.

     C.   Use of Estimates
     ---------------------

     The  preparation of the financial  statements in conformity  with generally
     accepted  accounting  principles  requires management to make estimates and
     assumptions  that affect the reported amounts of assets and liabilities and
     disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
     financial  statements  and the  reported  amounts of revenues  and expenses
     during  the  reporting  period.  Actual  results  could  differ  from those
     estimates.

     D.   Cash and Cash Equivalents
     ------------------------------

     For purposes of the  statement  of cash flows,  the Company  considers  all
     highly  liquid  investments  purchased  with an original  maturity of three
     months or less to be cash equivalents.

     E.   Income Taxes
     -----------------

     The  Company  accounts  for income  taxes  under the  Financial  Accounting
     Standards Board of Financial  Accounting Standards No. 109, "Accounting for
     Income Taxes"  ("Statement  109"). Under Statement 109, deferred tax assets
     and liabilities are

<PAGE>

                             CORSEA MANAGEMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             AS OF NOVEMBER 30, 2001


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
------------------------------------------------------------

     E.   Income Taxes - Cont'd
     --------------------------

     recognized  for the future tax  consequences  attributable  to  differences
     between the financial  statement  carrying  amounts of existing  assets and
     liabilities  and their  respective  tax  basis.  Deferred  tax  assets  and
     liabilities  are  measured  using  enacted  tax rates  expected to apply to
     taxable  income  in the  years in which  those  temporary  differences  are
     expected to be recovered  or settled.  Under  Statement  109, the effect on
     deferred tax assets and  liabilities of a change in tax rates is recognized
     in income in the period that  includes the  enactment  date.  There were no
     current or deferred  income tax expenses or benefits due to the Company not
     having any material operations for the period ended November 30, 2001.

     F.   New Accounting Pronouncements
     ----------------------------------

     The Financial  Accounting  Standards  Board has recently issued several new
     accounting  pronouncements.  Statement No. 129,  "Disclosure of Information
     about Capital Structure"  establishes standards for disclosing  information
     about an entity's capital structure,  is effective for financial statements
     for periods  ending  after  December  15, 1998 and has been  adopted by the
     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,  "Disclosures 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.

<PAGE>

                             CORSEA MANAGEMENT, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             AS OF NOVEMBER 30, 2001


NOTE 2 - STOCKHOLDER'S EQUITY
-----------------------------

     A.   Common Stock
     -----------------

     The Company is  authorized to issue  100,000,000  shares of common stock at
     $.0001 par value.  The Company issued  5,000,000  shares to Gerald Ghini, a
     director  of  the   Company,   pursuant  to  Rule  506  for  an   aggregate
     consideration of $210.

     B.   STOCKHOLDER'S EQUITY cont.
     -------------------------------

     At inception the Company  issued  5,000,000  shares of its $.0001 par value
     common stock to an officer as reimbursement  of organization  costs paid by
     the officer. Fair value used for this transaction of $210 is based upon the
     actual cost of incorporation.

NOTE  3 - RELATED PARTIES
-------------------------

     Legal counsel to the Company is a Director of the Company.

     The Company has entered into an agreement with Gerald Ghini for services in
     exchange for shares of the Company's common stock. Other than incorporation
     services  there have been no services  provided by Gerald Ghini through the
     date of this report. When services are provided, the Company will value the
     stock  at the  fair  market  value  of the  shares  or at the  value of the
     services provided, whichever is more readily determinable.

<PAGE>

PART II -- OTHER INFORMATION


ITEM 1.   LEGAL PROCEEDINGS

          There are no legal proceedings  against the Company and the Company is
          unaware of any such proceedings contemplated against it.

ITEM 2.   CHANGES IN SECURITIES

          Not applicable.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

          Not applicable.

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

          Not applicable.

ITEM 5.   OTHER INFORMATION

          Not applicable.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

          (a)  Exhibits

          (b)  Reports on Form 8-K

          There  were no  reports  on Form 8-K filed by the  Company  during the
          quarter.

                                   SIGNATURES

Pursuant  to 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

                                        By: /s/ Gerald Ghini
                                            Gerald Ghini, President

                                        Dated: December 10, 2001.