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                             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 June 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          333-36942

                      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)


Suite 910, 510 Burrard Street
Vancouver, British Columbia                            V6C 3A8
-----------------------------                          -------
(Address of principal executive offices)              (Zip Code)

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 June 30, 2001.


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 three months ended June 30, 2001 are
not necessarily indicative of the results that can be expected for the
year ending December 31, 2001.

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                   FIRST CYPRESS TECHNOLOGIES, INC.
                    (A Development Stage Company)
                     Interim Financial Statements
             For the six-month period ended June 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


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==========================================================================
                                          First Cypress Technologies, Inc.
                                             (A Development Stage Company)
                                                            Balance Sheets
                                                 (Expressed in US Dollars)


                                                  June 30      December 31
                                                     2001             2000
--------------------------------------------------------------------------
                                               (Unaudited)

Assets

Current
  Cash                                         $     373       $      427
==========================================================================

Liabilities and Shareholders' Equity

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

Due to related party                              86,797           67,469
                                               ---------------------------

                                                 131,527          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                           (162,804)         (139,314)
                                              ----------------------------

                                               (131,154)         (107,664)
                                              ----------------------------

                                              $     373        $      427
==========================================================================

See the accompanying notes to these interim financial statements.

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



                     Number                              Total    Total
                       of     Per   Carry- Additional   Accumu-   Share-
                     Common  share  ing    Paid in      lated     holder's
                     Shares  price  Value  Capital      Deficit   Equity
----------------------------------------------------------------------------
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
  June 30, 2001           -              -          -     (20,510)   (20,510)
                  ----------------------------------------------------------
Balance, June
  30, 2001        7,057,500        $ 7,058 $   24,592   $(162,804)$ (131,154)
                  ==========================================================

See the accompanying notes to these interim financial statements.

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===============================================================================
                                               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 from
                          three (3)  six (6)  three (3)  six (6)  September 14
                             months   months     months   months          1999
                              ended    ended      ended    ended   (inception)
                            June 30  June 30    June 30  June 30    to June 30
                               2001     2001       2000     2000          2001
-------------------------------------------------------------------------------

Expenses

  Interest              $    1,730 $    3,182 $       72 $       72 $    3,137
  Management fees            3,000      6,000      1,000      1,000      1,000
  Office and
    Administration               -          -      1,388      4,170      1,241
  Professional fees          7,745      8,328     45,020     90,520    115,916
  Rent                       1,500      3,000          -          -      6,000
  Software development           -          -          -          -     15,000
                        --------------------------------------------------------

Net loss for the period $  (13,975) $ (20,510) $ (47,480) $ (95,762) $(142,294)
                        ========================================================

Basic loss per share -
 Basic and diluted      $   (0.002) $  (0.003) $  (0.007) $  (0.014) $  (0.021)
                        ========================================================

Weighted average shares
 outstanding             7,057,500  7,057,500  7,057,500  7,057,500  6,858,004
================================================================================

See the accompanying notes to these interim financial statements.

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


                                         For the     For the    Period from
                                         Six (6)     six (6)   September 14
                                          months      months           1999
                                           ended       ended (inception) to
                                         June 30     June 30        June 30
                                            2001        2000           2001
                                   -----------------------------------------

Cash flows from operating
 activities
   Net loss for the period         $     (20,510) $   (95,762)   $(162,804)

Changes in assets and
 liabilities
   Accounts payable and
    accrued liabilities                    4,108       61,674       44,730
                                   ----------------------------------------

                                         (16,402)     (34,088)    (118,074)
                                   ----------------------------------------

Cash flows from financing
 activities
   Increase in amounts due
    to related party                      16,348       19,247       86,797
   Issuance of share
    Capital                                    -            -       31,650
                                   ----------------------------------------

                                          16,348       19,247      118,447
                                   ----------------------------------------

Increase (decrease) in cash during
 the period                                  (54)     (14,841)         373

Cash, beginning of period                    427       15,352            -
                                   ----------------------------------------

Cash, end of period                $         373          511    $     373
===========================================================================

See the accompanying notes to these interim financial statements.

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

June 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 June 30, 2001, the Company
has recognized no revenue and has accumulated operating losses
of $162,804 since its inception, has negative working capital of
$131,154 and has shareholders' deficit of $131,154.  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 within the current year.  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 ($3,000 for the six
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.

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Item 2. Management's Discussion and Analysis or Plan of Operations

Plan of Operations
------------------
Our plan of operations for the twelve months following the date of this
quarterly report for the period ending June 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 June 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 $400,000 for the twelve months following June 30,
2001.

We also anticipate building an internal enhancement, support and
marketing infrastructure for the business. For the twelve months
following June 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 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 fourth quarter of 2001 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 fourth quarter of
2001.  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

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following June 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 first
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 third quarter 2001 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 fourth
quarter 2001 and cost approximately $50,000.

4. Launch our advertising and marketing campaign. This is expected to
occur during the fourth quarter 2001 and cost approximately $100,000
initially.

We thus anticipate that we will be spending approximately $850,000 over
the twelve-month period after June 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 June 30, 2001.
Our cash position as of June 30, 2001 was $373.  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 June 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.  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:

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-  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.

We believe the above discussion contains a number of forward-looking
statements.  Our actual results and our actual plan of operations may
differ materially from what is stated above.  Factors which may cause
our actual results or our actual plan of operations to vary include,
among other things, decisions of our board of directors not to pursue a
specific course of action based on its re-assessment of the facts or
new facts, changes in the Internet business or general economic
conditions and those other factors identified in this prospectus.

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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

   None

REPORTS ON FORM 8-K

   None

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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 authorised.

FIRST CYPRESS TECHNOLOGIES, INC.

Date:         August 8, 2001


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