UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-QSB

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(Mark one)
[X] Quarterly Report Under Section 13 or 15(d) of The Securities Exchange
    Act of 1934

                  For the quarterly period ended July 31, 2003

[ ] Transition Report Under Section 13 or 15(d) of The Securities Exchange
    Act of 1934

         For the transition period from ______________ to _____________

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                        Commission File Number: 000-30071


                       KIK Technology International, Inc.
        (Exact name of small business issuer as specified in its charter)

      California                                               91-2021602
(State of incorporation)                                (IRS Employer ID Number)

                      590 Airport Road, Oceanside CA 92054
                    (Address of principal executive offices)

                                 (760) 967-2777
                           (Issuer's telephone number)

--------------------------------------------------------------------------------

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 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 [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: September 11, 2003: 25,021,865

Transitional Small Business Disclosure Format (check one): YES [ ] NO [X]
<PAGE>
                       KIK TECHNOLOGY INTERNATIONAL, INC.

                 Form 10-QSB for the Quarter ended July 31, 2003

                                Table of Contents


                                                                          Page
                                                                          ----
PART I - FINANCIAL INFORMATION

  Item 1   Financial Statements                                              3

  Item 2   Management's Discussion and Analysis or Plan of Operation        19

  Item 3   Controls and Procedures                                          22


PART II - OTHER INFORMATION

  Item 1   Legal Proceedings                                                22

  Item 2   Changes in Securities                                            22

  Item 3   Defaults Upon Senior Securities                                  22

  Item 4   Submission of Matters to a Vote of Security Holders              22

  Item 5   Other Information                                                22

  Item 6   Exhibits and Reports on Form 8-K                                 23


SIGNATURES                                                                  23

                                       2
<PAGE>
                                     PART I
ITEM 1 - FINANCIAL STATEMENTS

                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                             July 31, 2003 and 2002

                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                            July 31,         July 31,
                                                                             2003              2002
                                                                          ----------        ----------
<S>                                                                       <C>               <C>
                                     ASSETS
CURRENT ASSETS
   Cash on hand and in bank                                               $   58,908        $   38,575
   Accounts receivable
   Trade, net of allowance for doubtful accounts
    of approximately $13,300 and $50,000, respectively                       517,178           348,622
   Other                                                                       6,475                --
   Inventories                                                               339,574           402,609
                                                                          ----------        ----------

      TOTAL CURRENT ASSETS                                                   922,135           789,806
                                                                          ----------        ----------

PROPERTY AND EQUIPMENT - AT COST,
 NET OF ACCUMULATED DEPRECIATION                                             158,094           139,386
                                                                          ----------        ----------

OTHER ASSETS
   Note receivable from officer                                               53,400            53,400
   Refundable deposits                                                         4,800             6,469
   Deferred debt issuance costs, net of accumulated
    amortization of approximately $18,200 and $7,280, respectively             3,640            14,560
                                                                          ----------        ----------

      TOTAL OTHER ASSETS                                                      61,840            74,429
                                                                          ----------        ----------

TOTAL ASSETS                                                              $1,142,069        $1,003,621
                                                                          ==========        ==========
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.

                                       3
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
                     CONSOLIDATED BALANCE SHEETS - CONTINUED
                             July 31, 2003 and 2002

                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                       July 31,            July 31,
                                                                        2003                2002
                                                                     -----------         -----------
<S>                                                                 <C>                 <C>
                      LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
   Notes payable to investors, net of accompanying warrant
    discount of approximately $1,827 and $7,723, respectively        $    73,173         $    67,277
   Current maturity of capital lease payable                               3,738               3,578
   Accounts payable - trade                                              400,869             301,512
   Other accrued expenses                                                 29,303              39,620
   Management fee payable to majority shareholder                         60,000                  --
   Advances from majority shareholder                                     16,000              16,000
                                                                     -----------         -----------

     TOTAL CURRENT LIABILITIES                                           583,083             427,987
                                                                     -----------         -----------

LONG-TERM DEBT
   Capital lease payable                                                  12,622              16,377
                                                                     -----------         -----------

     TOTAL LIABILITIES                                                   595,705             444,364
                                                                     -----------         -----------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY
   Common stock - $0.001 par value
    100,000,000 shares authorized
    25,021,865 and 24,014,212 shares issued and outstanding               25,022              24,014
   Additional paid-in capital                                          5,146,573           5,062,882
   Accumulated deficit                                                (4,625,231)         (4,527,639)
                                                                     -----------         -----------

     TOTAL STOCKHOLDERS' EQUITY                                          546,364             559,257
                                                                     -----------         -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                           $ 1,142,069         $ 1,003,621
                                                                     ===========         ===========
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.

                                       4
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
          CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
                Six and Three months ended July 31, 2003 and 2002

                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                Six months      Six months     Three months     Three months
                                                  ended           ended           ended            ended
                                                 July 31,        July 31,        July 31,         July 31,
                                                   2003            2002            2003             2002
                                               -----------     -----------      -----------      -----------
<S>                                            <C>             <C>              <C>              <C>
REVENUES - net of returns and allowances       $ 1,721,727     $ 1,628,761      $   929,571      $   779,391
COST OF SALES                                   (1,461,695)     (1,339,171)        (791,754)        (619,885)
                                               -----------     -----------      -----------      -----------

GROSS PROFIT                                       260,032         289,590          137,817          159,506
                                               -----------     -----------      -----------      -----------
OPERATING EXPENSES
  Selling, general and administrative
   expenses                                        355,944         306,842          177,897          152,330
  Compensation expense related to common
   stock issuances at less than "fair value"           945              --               --               --
                                               -----------     -----------      -----------      -----------
     TOTAL OPERATING EXPENSES                      356,889         306,842          177,897          152,330
                                               -----------     -----------      -----------      -----------

LOSS FROM OPERATIONS                               (96,857)        (17,252)         (40,080)           7,176

OTHER INCOME
  Interest and other income (expense) - net         (3,009)          2,289               21            1,640
                                               -----------     -----------      -----------      -----------

LOSS BEFORE PROVISION FOR INCOME TAXES             (99,866)        (14,963)         (40,059)           8,816

PROVISION FOR INCOME TAXES                              --              --               --               --
                                               -----------     -----------      -----------      -----------

NET LOSS                                           (99,866)        (14,963)         (40,059)           8,816

OTHER COMPREHENSIVE INCOME                              --              --               --               --
                                               -----------     -----------      -----------      -----------

COMPREHENSIVE LOSS                             $   (99,866)    $   (14,963)     $   (40,059)     $     8,816
                                               ===========     ===========      ===========      ===========
Net loss per weighted-average share
 of common stock outstanding, calculated
 on Net Loss - basic and fully diluted                 nil             nil              nil              nil
                                               ===========     ===========      ===========      ===========
Weighted-average number of shares
 of common stock outstanding                    24,656,881      23,991,778       24,990,579       23,998,336
                                               ===========     ===========      ===========      ===========
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.

                                       5
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                     Six months ended July 31, 2003 and 2002

                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                    Six months        Six months
                                                                      ended             ended
                                                                     July 31,          July 31,
                                                                       2003              2002
                                                                    ---------         ---------
<S>                                                                 <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES
NET CASH PROVIDED BY OPERATING ACTIVITIES                           $  72,064         $ 109,264
                                                                    ---------         ---------

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of property and equipment                                 (38,005)           (1,261)
                                                                    ---------         ---------
NET CASH USED IN INVESTING ACTIVITIES                                 (38,005)           (1,261)
                                                                    ---------         ---------

CASH FLOWS FROM FINANCING ACTIVITIES
   Net borrowings (payments) on bank line of credit                        --           (99,981)
   Payments on long-term capital lease                                 (1,843)           (1,126)
   Cash advanced by majority shareholder                                   --            16,000
                                                                    ---------         ---------
NET CASH USED IN FINANCING ACTIVITIES                                  (1,843)          (85,107)
                                                                    ---------         ---------

INCREASE (DECREASE) IN CASH                                            32,216            22,896

Cash at beginning of period                                            26,692            15,679
                                                                    ---------         ---------

CASH AT END OF PERIOD                                               $  58,908         $  38,575
                                                                    =========         =========

SUPPLEMENTAL DISCLOSURE OF INTEREST AND
INCOME TAXES PAID
   Interest paid for the period                                     $     641         $   1,172
                                                                    =========         =========
   Income taxes paid for the period                                 $      --         $      --
                                                                    =========         =========

SUPPLEMENTAL DISCLOSURE OF NON-CASH
INVESTING AND FINANCING ACTIVITIES
   Acquisition of equipment on a long-term capital lease            $      --         $  21,080
                                                                    =========         =========
   Trade accounts payable settled with issuance of common stock     $  73,401         $      --
                                                                    =========         =========
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.

                                       6
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - ORGANIZATION AND DESCRIPTION OF BUSINESS

KIK Technology  International,  Inc. (KTII) was incorporated on February 1, 2000
under   the  laws  of  the   State   of   California   as   Russian-Imports.com.
Russian-Imports.com  was  initially  founded to develop an  e-commerce  internet
website which would sell handmade  lacquer  boxes,  Matroshka  dolls and crystal
imported from Russia. This venture was unsuccessful.

On September 4, 2001,  KTII  (formerly  Russian-Imports.com)  issued  16,700,000
shares of restricted,  unregistered common stock to KIK Tire Technologies,  Inc.
(a  publicly-owned  Canadian  corporation)  (KTTI)  for 100.0% of the issued and
outstanding stock of KIK Technology,  Inc. (a wholly-owned  subsidiary of KTTI).
By  virtue of this  transaction,  KIK  Technology,  Inc.  became a  wholly-owned
subsidiary of KTII and KTTI became an  approximate  73.6%  shareholder  in KTII.
Concurrent  with this  transaction,  Russian-Imports.com  changed it's corporate
name to KIK Technologies International, Inc.

At the transaction date, KTII was a "shell company" as the Company had no assets
or liabilities, had generated no revenues since inception and had incurred total
expenses  of  approximately  $940,000  since its  inception  on February 1, 2000
through the September 4, 2001 transaction.

KIK Technology,  Inc. (KIK) was  incorporated in June 1988 under the laws of the
State of California.  KIK manufactures and markets an extensive and high quality
line of off-highway micro-cellular polyurethane tires for the healthcare,  light
industrial,  lawn and garden and  recreational  industries.  KIK operates from a
sole manufacturing plant and marketing offices located in Oceanside, CA.

The Company's  principal raw materials are purchased from a sole supplier who is
also a major customer for the Company's products. In the event of any disruption
in the  availability  of raw  materials or a market for the  Company's  products
purchased by this key supplier,  the Company may experience a negative  economic
impact.
The Company believes that suppliers of raw materials are available at comparable
prices and management is seeking other avenues of  distribution of the Company's
products to  consumers.  Management  is of the opinion that no  interruption  of
either raw materials or product demand will occur.

NOTE B - PREPARATION OF FINANCIAL STATEMENTS

The  acquisition of KIK  Technology,  Inc.  (KTI), on September 4, 2001, by KTII
effected  a change  in  control  of KTII  and was  accounted  for as a  "reverse
acquisition"  whereby KTI is the  accounting  acquiror for  financial  statement
purposes.  Accordingly,  the historical consolidated financial statements of the
Company  are those of KTI from  it's  inception  and  those of the  consolidated
entity subsequent to the September 4, 2001 transaction date.

The  Company  follows  the  accrual  basis  of  accounting  in  accordance  with
accounting principles generally accepted in the United States of America and has
adopted a year-end of January 31.

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America 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.

                                       7
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE B - PREPARATION OF FINANCIAL STATEMENTS - CONTINUED

Management further acknowledges that it is solely responsible for adopting sound
accounting  practices,   establishing  and  maintaining  a  system  of  internal
accounting  control and preventing and detecting  fraud. The Company's system of
internal  accounting  control is designed to assure,  among other items, that 1)
recorded  transactions  are valid; 2) valid  transactions  are recorded;  and 3)
transactions  are  recorded in the proper  period in a timely  manner to produce
financial  statements which present fairly the financial  condition,  results of
operations  and cash  flows of the  Company  for the  respective  periods  being
presented

During interim periods, the Company follows the accounting policies set forth in
its annual  audited  financial  statements  filed with the U. S.  Securities and
Exchange  Commission  on its Annual  Report on Form  10-KSB/A for the year ended
January 31, 2003.  The  information  presented  within these  interim  financial
statements  may not  include all  disclosures  required  by  generally  accepted
accounting  principles  and the  users of  financial  information  provided  for
interim periods should refer to the annual  financial  information and footnotes
when reviewing the interim financial results presented herein.

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in  accordance  with the U. S.  Securities  and  Exchange  Commission's
instructions   for  Form  10-QSB,   are   unaudited  and  contain  all  material
adjustments,  consisting  only of  normal  recurring  adjustments  necessary  to
present fairly the financial condition,  results of operations and cash flows of
the Company for the respective  interim  periods  presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year ending January 31, 2004.

For  segment  reporting  purposes,  the Company  operated  in only one  industry
segment during the periods represented in the accompanying  financial statements
and makes all  operating  decisions and  allocates  resources  based on the best
benefit to the Company as a whole.

These  financial  statements  reflect  the books and  records of KIK  Technology
International,  Inc. (formerly  Russian-Imports.com)  (KTII) and KIK Technology,
Inc.  (KTI) as of and for the six and three months ended July 31, 2003 and 2002,
respectively.  All significant intercompany transactions have been eliminated in
consolidation. The consolidated entities are referred to as Company.

NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. CASH AND CASH EQUIVALENTS

   For Statement of Cash Flows purposes,  the Company considers all cash on hand
   and in banks, including accounts in book overdraft positions, certificates of
   deposit and other  highly-liquid  investments with maturities of three months
   or less, when purchased, to be cash and cash equivalents.

   Cash  overdraft  positions  may occur  from time to time due to the timing of
   making bank deposits and releasing  checks,  in accordance with the Company's
   cash management policies.

                                       8
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

2. ACCOUNTS RECEIVABLE AND REVENUE RECOGNITION

   In the normal course of business,  the Company  extends  unsecured  credit to
   virtually all of its customers which are located throughout the United States
   and are  principally  concentrated  in the  midwest  region  of the  country.
   Depending upon management's  assessment of  creditworthiness  and order size,
   certain  shipments are made on "COD" terms using common carriers.  Because of
   the credit risk  involved,  management has provided an allowance for doubtful
   accounts which reflects its opinion of amounts which will  eventually  become
   uncollectible. In the event of complete non-performance, the maximum exposure
   to the Company is the recorded amount of trade accounts  receivable  shown on
   the balance sheet at the date of non-performance.

   The Company  recognizes  revenue from the sale of tires and accessories  upon
   shipment to, or receipt by customers,  depending upon  contractual  terms and
   when there is no significant  uncertainty  regarding the  consideration to be
   received and the associated costs to be incurred.  Additionally,  the Company
   recognizes   reductions  of  recorded   revenue  for  product   returns  from
   unsatisfied  customers and other billing  adjustments or corrections,  at the
   point that the  returned  products  are  received  by the Company or upon the
   completion of negotiations between the Company and it's customer.

3. INVENTORY

   Inventory consists of raw materials,  principally  chemical  feedstocks,  and
   finished goods, principally tires and accessories manufactured by the Company
   and other minor  miscellaneous  items purchased from third vendors for resale
   as a component of the Company's products.

   Inventory is valued at the lower of cost or market value,  using  principally
   the average cost method.

4. PROPERTY AND EQUIPMENT

   Property and  equipment  are  recorded at  historical  cost.  These costs are
   depreciated over the estimated  useful lives,  generally two (2) to seven (7)
   years, of the individual  assets using the  straight-line  method.  Gains and
   losses  from the  disposition  of  property  and  equipment  are  included in
   operations as incurred.

   In  accordance  with  Statement of Financial  Accounting  Standards  No. 144,
   "Accounting for the Impairment or Disposal of Long-Lived Assets", the Company
   follows the policy of evaluating  all property and equipment as of the end of
   each  reporting  quarter.  For each of the  quarters  ended July 31, 2003 and
   2002,  no  charges  to  operations  were made for  impairments  in the future
   benefit of property and equipment.

5. DEFERRED DEBT ISSUE COSTS

   Deferred debt issue costs represent monies paid investment  bankers and legal
   counsel in connection  with the $75,000 in convertible  notes payable.  These
   costs  are  amortized  as a  component  of  operations  over  the life of the
   underlying debt instrument using the straight line method.

                                       9
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

6. INCOME TAXES

   The Company  uses the asset and  liability  method of  accounting  for income
   taxes.  At July 31, 2003 and 2002,  the  deferred  tax asset and deferred tax
   liability  accounts,  as recorded when material to the financial  statements,
   are  entirely  the result of  temporary  differences.  Temporary  differences
   represent  differences in the  recognition of assets and  liabilities for tax
   and financial  reporting  purposes,  primarily  accumulated  depreciation and
   amortization, allowance for doubtful accounts and vacation accruals.

   As of July 31, 2003 and 2002, the deferred tax asset related to the Company's
   net operating loss carryforward is fully reserved.

7. ADVERTISING COSTS

   The Company does not conduct any direct response advertising activities.  For
   non-direct  response  advertising,  the  Company  charges  the costs of these
   efforts to operations at the first time the related advertising is published.

8. EARNINGS (LOSS) PER SHARE

   Basic earnings (loss) per share is computed by dividing the net income (loss)
   by the  weighted-average  number of shares of common  stock and common  stock
   equivalents  (primarily  outstanding  options  and  warrants).  Common  stock
   equivalents  represent  the  dilutive  effect of the assumed  exercise of the
   outstanding stock options and warrants,  using the treasury stock method. The
   calculation of fully diluted  earnings  (loss) per share assumes the dilutive
   effect of the  exercise of  outstanding  options  and  warrants at either the
   beginning  of the  respective  period  presented  or the  date  of  issuance,
   whichever is later.  As of July 31, 2003 and 2002,  the Company's  issued and
   outstanding,   warrants,   options  and   convertible   debt  are  considered
   antidilutive due to the Company's net operating loss position.

9. EMPLOYEE STOCK OPTIONS

   For periods prior to November 1, 2002,  the Company has chosen to account for
   employee stock-based compensation using the intrinsic value method prescribed
   in Accounting  Principles  Board Opinion No. 25 (APB No. 25),  Accounting for
   Stock Issued to Employees, and related interpretations. Accordingly, employee
   compensation  cost for stock  options and warrants is measured as the excess,
   if any, of the market price of the  Company's  stock at the date of the grant
   over the amount an employee must pay to acquire the stock. This treatment was
   allowed  under   Statement  of  Financial   Accounting   Standards  No.  123,
   "Accounting for Stock Based Compensation" (SFAS 123).

   In December 2002, FASB issued Statement of Financial Accounting Standards No.
   148  "Accounting  for  Stock-Based  Compensation - Transition and Disclosure"
   (SFAS 148). This statement amends SFAS 123 and provides  alternative  methods
   of  transition  for a  voluntary  change to the fair  value  based  method of
   accounting for stock-based employee compensation.  This statement also amends
   the  disclosure  requirements  of SFAS  123 to  require  more  prominent  and
   frequent  disclosures  in  financial  statements  about the  effects of stock
   compensation.  The transition  guidance and annual  disclosure  provisions of
   SFAS 148 are  effective  for  financial  statements  issued for fiscal  years
   ending after December 15, 2002.  Effective November 1, 2003, the first day of
   the reporting quarter including the effective date of SFAS 148, the Company's
   Board of Directors,  in conjunction with public opinion and SFAS 148, elected
   to expense the imputed compensation cost related to any stock options granted
   during Fiscal 2003 and for future periods.

                                       10
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

9. EMPLOYEE STOCK OPTIONS

   The  Company  did not  issue  any  stock  options  during  Fiscal  2003,  nor
   subsequent  thereto,  and the  adoption  of SFAS 148 did not have a  material
   impact on our results of operations or financial condition.

10. NEW AND PENDING ACCOUNTING PRONOUNCEMENTS

   In June 2001,  the  Financial  Accounting  Standards  Board  ("FASB")  issued
   Statement  of  Financial  Accounting  Standards  (" SFAS") No. 141  "Business
   Combinations" and SFAS No. 142 "Goodwill and Other Intangible  Assets".  SFAS
   No. 141, among other things,  eliminates  the pooling of interests  method of
   accounting for business  acquisitions  entered into after June 30, 2001. SFAS
   No. 142 requires companies to use a fair- approach to determine whether there
   is impairment of existing and future  goodwill.  In August 2001,  FASB issued
   SFAS No. 144 "Accounting for Impairment of Long-Lived  Assets".  SFAS No. 144
   supersedes SFAS No. 121  "Accounting for the Impairment of Long-Lived  Assets
   and for  Long-Lived  Assets to be Disposed Of" and APB No. 30 "Reporting  the
   Effects of Disposal of a Segment of a Business and Extraordinary, Unusual and
   Infrequently   Occurring  Events  and  Transactions"  and  combines  the  two
   accounting  models into a single model based on the framework  established in
   SFAS No. 121. We were  required to  implement  these  pronouncements  for the
   fiscal  year   beginning   June  1,  2002.   The   implementation   of  these
   pronouncements did not have a material impact on our results of operations or
   financial condition.

   In June 2001, FASB also issued SFAS No. 143 "Accounting for Asset  Retirement
   Obligations" that addresses asset retirement obligations that result from the
   acquisition,  construction  or normal  operation  of  long-lived  assets.  It
   requires  companies to recognize asset retirement  obligations as a liability
   when the liability is incurred at its fair value.  There was no impact on our
   results of operations  or financial  condition as a result of the adoption of
   the standard.

   In April 2002, FASB issued SFAS No. 145 "Rescission of FASB Statements No. 4,
   44 and 64,  Amendment of FASB  Statement No. 13, and Technical  Corrections".
   SFAS No. 13 is amended to eliminate  any  inconsistency  between the required
   accounting for sale leaseback  transactions  and the required  accounting for
   certain lease  modifications  that have economic  effects that are similar to
   leaseback   transactions.   This   statement   also  amends  other   existing
   authoritative  pronouncements to make various technical corrections,  clarify
   meanings,  or describe their applicability under changed conditions.  We will
   be required to adopt this standard in our fiscal year beginning June 1, 2003.
   We do not  believe  that there will be a  material  impact on our  results of
   operations  or  financial  condition  as a  result  of the  adoption  of this
   standard.

   In June 2002, FASB issued SFAS No. 146 "Accounting for Costs  Associated with
   Exit  or  Disposal  Activities".  This  statement  requires  recording  costs
   associated  with exit or  disposal  activities  at their  fair  value  when a
   liability has been incurred. Under previous guidance, certain exit costs were
   accrued  upon  management's  commitment  to an exit plan,  which is generally
   before  an  actual  liability  has  been  incurred.  The  provisions  of this
   statement are effective  for exit or disposal  activities  that are initiated
   after December 31, 2002. This standard will not have a material impact on our
   results of operations or financial condition.

                                       11
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

10.  NEW AND PENDING ACCOUNTING PRONOUNCEMENTS - CONTINUED

   In  November   2002,  the  FASB  issued   Interpretation   No.  45  ("FIN45")
   "Guarantor's Accounting and Disclosure Requirements for Guarantees, Including
   Indirect   Guarantees  of  Indebtedness  of  Others".   This   interpretation
   elaborates  on the  disclosures  to be made by a guarantor in its interim and
   annual financial  statements about its obligations  under certain  guarantees
   that is has  issued.  It also  clarifies  that a  guarantor  is  required  to
   recognize, at the inception of a guarantee, a liability for the fair value of
   the  obligation   undertaken  in  issuing  the   guarantee.   The  disclosure
   requirements  and initial  measurement  requirements  of FIN45 are  effective
   prospectively  for guarantees  issued or modified after December 31, 2002. We
   are not a party to any agreement in which we are a guarantor of  indebtedness
   of others. Accordingly, the pronouncement is currently not applicable to us.

NOTE D - FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amount of cash,  accounts  receivable,  accounts  payable and notes
payable, as applicable,  approximates fair value due to the short term nature of
these items  and/or the current  interest  rates  payable in relation to current
market conditions.

Interest  rate risk is the risk  that the  Company's  earnings  are  subject  to
fluctuations  in interest  rates on either  investments  or on debt and is fully
dependent  upon  the  volatility  of  these  rates.  The  Company  does  not use
derivative instruments to moderate its exposure to interest rate risk, if any.

Financial  risk  is  the  risk  that  the  Company's  earnings  are  subject  to
fluctuations in interest rates or foreign exchange rates and are fully dependent
upon the  volatility  of  these  rates.  The  company  does  not use  derivative
instruments to moderate its exposure to financial risk, if any.

NOTE E - CONCENTRATIONS OF CREDIT RISK

The Company and its KIK subsidiary  maintain their  respective  cash accounts in
financial  institutions  subject to  insurance  coverage  issued by the  Federal
Deposit  Insurance  Corporation  (FDIC).  Under FDIC rules,  the Company and its
subsidiaries are entitled to aggregate coverage of $100,000 per account type per
separate  legal entity per  financial  institution.  During the six months ended
July 31,  2003 and 2002 and for each of the years  ended  January  31,  2003 and
2002, respectively,  the various operating companies had deposits in a financial
institution with credit risk exposures in excess of statutory FDIC coverage. The
Company has incurred no losses as a result of any of these unsecured situations.

NOTE F - INVENTORIES

Inventories consist of the following at July 31, 2003 and 2002:

                                               July 31,            July 31,
                                                2003                 2002
                                              --------             --------

     Raw materials                            $114,012             $127,834
     Finished goods                            225,562              274,775
                                              --------             --------
     Total                                    $339,574             $402,609
                                              ========             ========

                                       12
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE G - NOTE RECEIVABLE FROM OFFICER

In May 2001, the Company advanced $53,400 to its President to hold in trust as a
contingency fund for the sole use of the Company in the event of a unanticipated
cash  shortfall.  The advance bears  interest at 4.0% annually and is unsecured.
The original  documentation  required repayment of the advance and accrued,  but
unpaid,  interest in May 2003.  As of July 31,  2003,  the  Company's  President
continues to maintain these funds as trustee on behalf of the Company.

NOTE H - NOTES PAYABLE TO INVESTORS

Pursuant to the terms of a private placement agreement, the Company attempted to
raise up to $600,000  through the  placement of two-year  senior  notes  bearing
interest  at 10%  payable  quarterly.  This  Private  Placement  Memorandum  was
terminated by the Company during the fiscal quarter ended October 31, 2002.

In November  2001,  the Company  entered  into an agreement  with an  investment
banker whereby the investment  banker would act as exclusive  dealer-manager  in
this private  placement of  securities  to be issued by the Company  pursuant to
Regulation D of the Securities  Act of 1933, as amended.  As  compensation,  the
investment  banker was paid  $15,000 for  professional  fees and will  receive a
commission equal to 10% of the gross proceeds,  an expense allowance equal to 4%
of the gross  proceeds and,  for every  $500,000  raised,  150,000 shares of the
Company's restricted, unregistered common stock. Such shares will be issued upon
completion of the private  placement.  In addition,  the investment  banker will
have the option to nominate one person to the Company's Board of Directors if at
least  $2,000,000 is raised.  As of the  termination  of this Private  Placement
Memorandum,  only $75,000 had been  successfully  raised and the Company  issued
22,500  shares  of   restricted,   unregistered   common  stock  in  payment  of
commissions.

Note  holders can elect,  with the  consent of the  Company,  to accept  Company
common stock in lieu of cash interest payments.  Such payments in stock would be
calculated  at 50% of the daily  average of the market price of the common stock
for the 30-calendar  days preceding the interest due date. After six months from
the date of issue of the notes,  the  Company  can  convert  the notes to common
stock if the daily average  market price of the  Company's  common stock for any
30-calendar days after the initial six-month period equals or exceeds $1.00. The
conversion  of the notes to common stock would also be  calculated at 50% of the
daily average market price for the 30 days prior to the Company giving notice of
its plan to convert.

In  conjunction  with the offering of the notes,  each note holder was given one
warrant for each $1.00 invested.  Each warrant allows the holder to purchase one
share of the Company's  common stock at an initial  exercise  price of $0.60 per
share, and is exercisable for two years. In March 2002, the Company repriced the
outstanding warrants to an exercise price of $0.40 per share.

Pursuant to the private placement,  the Company sold a $50,000  convertible note
on November 12, 2001 and a $25,000  convertible note on December 26, 2001 to two
unrelated  investors.  Warrants to purchase a combined total of 75,000 shares of
the Company's common stock at $0.60 per share were also issued to the investors.
The  warrants  were  valued at $11,789  using the  Black-Scholes  option-pricing
model, and therefore $11,789 of the total debt proceeds of $75,000 was allocated
to the warrants,  resulting in a discount on the notes,  which will be amortized
to interest expense over the term of the underlying debt. During the years ended
January 31, 2003 and 2002,  approximately  $5,900 and $1,100 of the discount was
amortized to interest  expense.  The weighted  average  assumptions  utilized to
value the warrants using the Black-Scholes option-pricing model were as follows:

                                       13
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE H - NOTES PAYABLE TO INVESTORS - CONTINUED

Expected life of the option:   The initial life of the corresponding option,
                               generally two (2) years
Expected volatility in
 the Company's stock price:    150.0%, which was based on fluctuations of the
                               Company's stock price over the past Fiscal year.
Expected dividends:            Zero (0.00) based on past performance Anticipated
                               risk free
Interest rate:                 Estimated to be 2.80%.

The  convertible  notes  contained a beneficial  conversion  feature valued at a
combined  total  of  approximately  $63,000.  However,  because  the  conversion
features are fully contingent upon the occurrence of certain future events,  the
Company  did not  record a discount  resulting  from the  beneficial  conversion
feature.

The aggregate maturities of the notes are as follows:

     Year ending January 31, 2004                                 $ 75,000
     Less unamortized discount                                      (1,827)
                                                                  --------

     Balance at July 31, 2003                                     $ 73,173
                                                                  ========

NOTE I - CAPITAL LEASE PAYABLE

Capital lease payable is as follows:

                                                          July 31,     July 31,
                                                            2003         2002
                                                          --------     --------
$21,080 capital lease payable to a finance corporation
  Interest at 8.60%.  Payable in monthly installments
  of approximately $432, including accrued interest
  Final maturity due in April 2007.  Collateralized by
  equipment                                               $ 16,360     $ 19,955

     Less current maturities                                (3,738)      (3,578)
                                                          --------     --------

     Long-term portion                                    $ 12,622     $ 16,377
                                                          ========     ========

Future maturities of long-term capital leases payable,  as of the Company's last
year-end, January 31, 2003, are as follows:

                                                    Year ending
                                                    January 31,          Amount
                                                    -----------          ------
                                                       2004             $ 3,738
                                                       2005               4,092
                                                       2006               4,468
                                                       2007               4,872
                                                       2008                 125
                                                                        -------

                                                       Total            $17,295
                                                                        =======

                                       14
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE J - INCOME TAXES

The components of income tax (benefit) expense for the six months ended July 31,
2003 and 2002, respectively, are as follows:

                                               July 31,             July 31,
                                                2003                  2002
                                               -------              -------
     Federal:
       Current                                 $    --              $    --
       Deferred                                     --                   --
                                               -------              -------
                                                    --                   --
                                               -------              -------
     State:
       Current                                      --                   --
       Deferred                                     --                   --
                                               -------              -------
                                                    --                   --
                                               -------              -------

       Total                                   $    --              $    --
                                               =======              =======

The Company has a net operating loss carryforward of approximately $4,200,000 to
offset future taxable income. Subject to current regulations,  this carryforward
will begin to expire in 2005. The amount and  availability  of the net operating
loss  carryforwards  may be subject  to  limitations  set forth by the  Internal
Revenue Code.  Factors such as the number of shares  ultimately  issued within a
three year  look-back  period;  whether  there is a deemed  more than 50 percent
change in control; the applicable long-term tax exempt bond rate;  continuity of
historical  business;  and  subsequent  income of the Company all enter into the
annual computation of allowable annual utilization of the carryforwards.

The  Company's  income tax  expense  for the six months  ended July 31, 2003 and
2002, respectively, are as follows:

                                                       July 31,        July 31,
                                                         2003            2002
                                                       --------        --------

Statutory rate applied to loss before income taxes     $(34,000)       $ (5,100)
Increase (decrease) in income taxes resulting from:
 State income taxes                                          --              --
 Other, including reserve for deferred tax asset         34,000           5,100
                                                       --------        --------

    Income tax expense                                 $     --        $     --
                                                       ========        ========

Temporary differences, consisting primarily of net operating loss carryforwards,
statutory  deferrals  of expenses  for  organizational  costs and  accrued,  but
unpaid,  accruals for officer  compensation  and  statutory  differences  in the
depreciable  lives for property and equipment,  between the financial  statement
carrying  amounts and tax bases of assets and liabilities  give rise to deferred
tax assets and liabilities as of January 31, 2003 and 2002, respectively:

                                               January 31,           January 31,
                                                  2003                  2002
                                               -----------          -----------
Deferred tax assets
  Net operating loss carryforwards             $ 1,700,000          $ 1,700,000
  Less valuation allowance                      (1,700,000)          (1,700,000)
                                               -----------          -----------

Net Deferred Tax Asset                         $        --          $        --
                                               ===========          ===========

                                       15
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE K - COMMON STOCK TRANSACTIONS

In October 2001, the Company issued  1,200,000  shares of its restricted  common
stock to consultants  for services  provided,  which were valued at $84,000,  or
$0.07 per share, which represents management's estimate of the fair value of the
common  stock at the date of  issuance.  This  amount is included as general and
administrative  expense in the accompanying statement of operations for the year
ended January 31, 2002.

In January 2002, the Company sold 85,000 shares of its  restricted  common stock
to a private investor for $8,500, or $0.10 per share.

Effective at the end of each Fiscal  quarter  during the year ended  January 31,
2003,  the Company and the holders of the two  convertible  notes agreed for the
payment of accrued  interest  in  restricted,  unregistered  common  stock.  The
Company issued an aggregate  101,964 shares of restricted,  unregistered  common
stock in payment of  accrued  interest.  These  transactions  were  valued at an
aggregate approximately $6,978. The convertible note terms allow for the payment
of accrued interest with restricted,  unregistered common stock using an average
value of 50% of the daily  average of the market  price of the common  stock for
the 30 calendar  days  preceding the interest due date.  In two  instances,  the
closing stock price,  as discounted  was at or in excess of the closing price on
the settlement date. In two instances, the closing stock price on the settlement
date was in excess of the prescribed  calculation.  The differential between the
discounted  "fair  value"  and the  settlement  price  resulted  in a charge  to
operations of  approximately  $906 for  compensation  expense  related to common
stock issuances at less than "fair value".

Effective on February 1, 2003, the Company issued an aggregate 114,771 shares of
restricted,  unregistered  common  stock as payment for  accrued  interest as of
January 31, 2003 on convertible notes payable.

In February 2003, the Company issued 150,000 restricted,  unregistered shares of
common stock in payment of a contract for marketing  services.  This transaction
was valued at approximately $3,000.

In April 2003,  the Company  issued 22,500  restricted,  unregistered  shares of
common stock in settlement  of a January 31, 2003 trade  account  payable in the
amount of approximately $552.

Effective  on May 1, 2003,  the Company  issued an  aggregate  92,216  shares of
restricted,  unregistered  common  stock as payment for  accrued  interest as of
April 30, 2003 on convertible notes payable.

In May 2003,  the Company  issued  575,664  restricted,  unregistered  shares of
common stock in payment of trade accounts payable to the Company's primary legal
counsel in the amount of approximately $72,849.

NOTE L - STOCK WARRANTS

At July 31, 2003, all 75,000  warrants sold in conjunction  with the convertible
notes private  placement were  outstanding.  50,000  warrants expire in November
2003,  and 25,000  warrants  expire in December 2003. In March 2002, the Company
reduced  the  exercise  price  on the  warrants  being  offered  in the  private
placement  from  $0.60  to  $0.40  per  share.   This  new  exercise  price  was
retroactively  applied to the note holders who invested  $75,000 during the year
ended  January 31, 2002.  The Company has  determined  that there is no material
change in the value of the warrants after  recalculating  the value by using the
Black-Scholes  option-pricing  model  with the new  exercise  price of $0.40 per
share.

In conjunction  with the reverse  acquisition,  which was concluded in September
2001, The Company granted  2,300,000  warrants to certain  shareholders of KTTI.
These  warrants  have an  exercise  price of  approximately  $0.05 per share and
expire in April 2004.

                                       16
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE L - STOCK WARRANTS - CONTINUED

The following table lists the issued and  outstanding  stock warrants as of July
31, 2003 and 2002, respectively:

<TABLE>
<CAPTION>
                                                                 Warrants
                                                Warrants      outstanding at
                                               originally        July 31,
                                                 issued            2003        Exercise price
                                                ---------        ---------     --------------
<S>                                            <C>              <C>           <C>
Balance at February 1, 2002                     2,375,000        2,375,000      $0.05 - $0.40
   Granted                                             --               --
   Exercised                                           --               --
   Forfeited/Expired                                   --                          -
                                                ---------        ---------

Balance at July 31, 2002                        2,375,000        2,375,000      $0.05 - $0.40
                                                =========        =========

Balance at February 1, 2003                     2,375,000        2,375,000      $0.05 - $0.40
   Granted                                             --               --
   Exercised                                           --               --
   Forfeited/Expired                                   --                          -
                                                ---------        ---------

Balance at July 31, 2003                        2,375,000        2,375,000      $0.05 - $0.40
                                                =========        =========

Warrants exercisable at July 31, 2003           2,375,000
                                                =========
Weighted-average exercise price per warrant     $    0.06
                                                =========
</TABLE>

NOTE M - RELATED PARTY TRANSACTIONS

During the year ended  January 31, 2002,  the Company paid $14,000 to KTTI,  its
majority shareholder, for administrative and accounting services rendered.

During the six months  ended  July 31,  2003,  the  Company  accrued  $60,000 in
management fees payable to KTTI, its majority shareholder for administrative and
accounting services rendered.

                (Remainder of this page left blank intentionally)

                                       17
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE N - COMMITMENTS AND CONTINGENCIES

LEASED FACILITIES

The Company leases its facilities under a non-cancellable operating lease, which
expires in May 2005. The lease requires monthly payments as follows:  $8,307 for
the first 12  months;  $8,639  for the next 12 months and $8,984 for the next 12
months.  Rent expense  incurred under this lease was  approximately  $97,800 and
$93,000 for the years ended  January  31,  2003 and 2002,  respectively.  Future
amounts due under this agreement are as follows:

                                         Year ending
                                         January 31,             Amount
                                         -----------             ------
                                            2004                $102,340
                                            2005                 106,428
                                            2006                  35,936
                                                                --------

                                            Total               $244,704
                                                                ========

EMPLOYMENT CONTRACT

In  May  2000,  KIK  entered  into  an  employment  agreement  with  William  M.
Knooihuizen,  the Company's  current  President  and  Director.  The term of the
agreement is for a period of five (5) years.  For such  services,  KIK agreed to
pay Mr.  Knooihuizen  an annual salary in the amount of $143,000,  to be paid in
weekly installments.

NOTE O - SIGNIFICANT CUSTOMERS

During the year ended January 31, 2003,  the Company had two separate  customers
responsible  for  an  aggregate  of   approximately   80.3%  (68.2%  and  12.1%,
respectively) of total sales. The largest customer is also a significant  vendor
of raw materials.  The largest key customer was  responsible  for  approximately
57.2% of accounts  receivable and 0.0% of accounts  payable at January 31, 2003.
The second key  customer was  responsible  for  approximately  9.02% of accounts
receivable and 0.0% of accounts payable at January 31, 2003. There were no other
customers responsible for more than 10.0% of total net sales during Fiscal 2003.

During the year ended January 31, 2002, the Company had a single customer, which
is also a  significant  vendor  of raw  materials,  who was  responsible  for an
aggregate of approximately  63% of total sales and approximately 58% of accounts
receivable and 55% of accounts  payable at January 31, 2002. There were no other
customers responsible for more than 10.0% of total net sales during Fiscal 2002.

These  trends  continued  through  the  quarters  ended July 31,  2003 and 2002,
respectively.

                                       18
<PAGE>
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

(1)  CAUTION REGARDING FORWARD-LOOKING INFORMATION

Certain  statements  contained  in this  quarterly  filing,  including,  without
limitation, statements containing the words "believes", "anticipates", "expects"
and  words  of  similar  import,  constitute  forward-looking  statements.  Such
forward-looking  statements  involve known and unknown risks,  uncertainties and
other factors that may cause the actual results,  performance or achievements of
the Company,  or industry  results,  to be materially  different from any future
results,   performance   or   achievements   expressed   or   implied   by  such
forward-looking statements.

Such factors include, among others, the following:  international,  national and
local general economic and market conditions:  demographic  changes; the ability
of the Company to sustain,  manage or  forecast  its growth;  the ability of the
Company to successfully make and integrate acquisitions;  raw material costs and
availability;  new product  development and  introduction;  existing  government
regulations  and  changes  in,  or  the  failure  to  comply  with,   government
regulations;  adverse publicity;  competition; the loss of significant customers
or suppliers;  fluctuations  and  difficulty in forecasting  operating  results;
changes in business strategy or development  plans;  business  disruptions;  the
ability  to attract  and  retain  qualified  personnel;  the  ability to protect
technology; and other factors referenced in this and previous filings.

Given  these  uncertainties,  readers  of this Form  10-QSB  and  investors  are
cautioned not to place undue reliance on such  forward-looking  statements.  The
Company  disclaims  any  obligation  to update any such  factors or to  publicly
announce the result of any  revisions to any of the  forward-looking  statements
contained herein to reflect future events or developments.

(2) RESULTS OF OPERATIONS, LIQUIDITY AND CAPITAL RESOURCES OR PLAN OF OPERATION

OVERVIEW

During the six and three months ended July 31, 2003,  respectively,  the Company
achieved  revenues  of  approximately  $1,722,000  and  $930,000  as compared to
approximately  $1,629,000  and  $779,000  for the first six and three  months of
Fiscal 2002,  respectively.  These revenues were derived primarily from the sale
of tire products.  Net loss for the six and three months ended July 31, 2003 was
approximately $(100,000) and $(40,000), respectively as compared to a net income
(loss) of approximately  $(15,000) and $8,800 for the six and three months ended
July 31,  2002.  The net loss per share of common  stock for each of the six and
three  month   periods  ended  July  31,  2003  and  2002,   respectively,   was
approximately $0.00.

RESULTS OF OPERATIONS

The following  discussion and analysis of our financial condition and results of
operations  should  be read  in  conjunction  with  the  consolidated  financial
statements and notes.

SIX MONTHS ENDED JULY 31, 2003 AS COMPARED TO THE SIX MONTHS ENDED JULY 31, 2002

The  Company  posted net sales of  approximately  $1,722,000  for the six months
ended July 31, 2003 as compared to net sales of approximately $1,629,000 for the
six months ended July 31, 2002.  The Company  experienced  an increase in volume
during the three month period from May 1, 2003 through July 31, 2003 as compared
to the same period in the previous  year.  The Company  continues to  experience
some  seasonality  in  product  demand  and  overall  economic  and  competitive
pressures from competitors with similar product lines.

The Company's cost of sales increased by approximately $123,000 to approximately
$1,462,000  for the six months ended July 31, 2003 as compared to  approximately
$1,339,000 for the six months ended July 31, 2002 as a result of increased sales
volume.  Virtually all of the increase was directly attributable to raw material
purchases as the Company maintains a position of excess  manufacturing  capacity
and  relatively  stable  other costs  associated  with  production.  The Company
experienced  a  gross  profit  margin  of  approximately  15.10%  (approximately

                                       19
<PAGE>
$260,000)  for the first six months of Fiscal 2004 as compared to  approximately
17.78% (approximately $290,000) for the first six months of Fiscal 2003.

General  and  administrative  expenses  increased  by  approximately  $50,000 to
approximately $357,000 for the six months ended July 31, 2003 from approximately
$307,000 for the six months ended July 31, 2002. The largest contributor to this
increase is a $5,000 per month  administrative  fee charge which is payable back
to  the  Company's  majority  shareholder,   KIK  Tire  Technologies,   Inc.  (a
publicly-owned  Canadian  corporation).  Through July 31, 2003, $60,000 has been
accrued  as a payable  to the  Company's  majority  shareholder  to be paid at a
future date when cash flows will permit.

LIQUIDITY AND CAPITAL RESOURCES

The Company had cash and cash equivalents of approximately $59,000,  $27,000 and
$39,000 at July 31, 2003, January 31, 2003 and July 31, 2002, respectively.  The
Company  maintained  business  liquidity and capital  resources  during the year
adequate to fund all capital and operating expense requirements. Operations have
historically  been  funded  from  internally  generated  funds,  line of  credit
borrowings, and capital raised via a private placement of securities in previous
years.

For the six months ended July 31, 2003 and 2002,  net cash provided by (used in)
operating activities was approximately $72,000 and $109,000,  respectively.  Net
cash  provided by operating  activities  consists of cash received from sales of
products to customers,  less purchases of raw materials,  payment of payroll and
payment of other general operating expenses, including interest.

Cash used in investing  activities was approximately  $(38,000) and $(1,300) for
each of the six months  ended July 31, 2003 and 2002,  respectively.  The Fiscal
2004 and 2003 cash utilization was due solely to the acquisition of equipment.

The Company  experienced  cash used in  financing  activities  of  approximately
$(1,800) in the first six months of Fiscal 2004  compared to  $(85,000)  for the
first six months of Fiscal  2003.  Of the cash used during the six months  ended
July  31,  2002,   approximately  $(100,000)  was  used  in  the  repayment  and
cancellation   of  the  Company's   bank  line  of  credit  and  was  offset  by
approximately $16,000 advanced from the Company's majority shareholder.

The Company  believes that sufficient cash will be generated  internally to fund
its operations for the next twelve months.

CRITICAL ACCOUNTING POLICIES

Financial  Reporting  Release  No.  60,  which  was  recently  released  by  the
Securities  and  Exchange  Commission,  requires  all  companies  to  include  a
discussion of critical accounting policies or methods used in the preparation of
financial statements. Note 2 to the Consolidated Financial Statements includes a
summary  of  the  significant  accounting  policies  and  methods  used  in  the
preparation of the Company's Consolidated Financial Statements. The following is
a brief discussion of the more significant  accounting policies and methods used
by the Company.

REVENUE RECOGNITION

   Our revenue  recognition  policy is significant  because our revenue is a key
   component of our results of operations.  The Company  recognizes revenue from
   the sale of tires and accessories. Revenue is recognized upon shipment to, or
   receipt by customers,  depending upon contractual  terms and when there is no
   significant  uncertainty  regarding the  consideration to be received and the
   associated  costs to be  incurred.  Additionally,  we provide a reduction  of
   recorded revenue for billing adjustments and billing corrections.

                                       20
<PAGE>
ACCOUNTS RECEIVABLE

   The Company continuously monitors collections and payments from its customers
   and maintains an allowance for estimated  uncollectible  accounts  based upon
   historical experience and specific customer collections issues that have been
   identified.   Depending   upon   management's   assessment  of  a  customer's
   creditworthiness  and order size,  certain  shipments are made on "COD" terms
   using common carriers.

   Since accounts  receivable are concentrated in a relatively few customers,  a
   significant change in the liquidity or financial position of any one of these
   customers could have a material adverse impact on the  collectibility  of the
   Company's accounts  receivable and future operating results.  In the event of
   complete  non-performance by any customer or customers,  the maximum exposure
   to the Company  would be the  recorded  amount of trade  accounts  receivable
   shown on the balance sheet at the date of non-performance.

INVENTORIES

   Inventories  are  valued at the lower of cost or market.  Cost is  determined
   principally  on the  average  cost  method.  The  Company  regularly  reviews
   inventory  quantities on hand and records,  when  necessary,  a provision for
   excess and obsolete  inventory  based  primarily on the  Company's  estimated
   forecast of product  demand and production  requirements  for the next twelve
   months.  Demand for the  Company's  products can fluctuate  significantly.  A
   significant increase in the demand for the Company's products could result in
   a short-term  increase in the cost of inventory purchases while a significant
   decrease  in demand  could  result  in an  increase  in the  amount of excess
   inventory  quantities  on  hand.  In  addition,  the  Company's  industry  is
   characterized by rapid technological change, frequent new product development
   and rapid product obsolescence that could result in an increase in the amount
   of  obsolete  inventory  quantities  on  hand.  Additionally,  the  Company's
   estimate of future product  demand may prove to be inaccurate,  in which case
   the Company may have  understated  or overstated  the provision  required for
   excess and obsolete  inventory.  Therefore,  although the Company makes every
   effort to ensure the accuracy of its forecasts of future product demand,  any
   significant  unanticipated  changes in demand or  technological  developments
   could have a significant impact on the Company's inventory value and reported
   operating results.

STOCK-BASED COMPENSATION

   Statement of Financial  Accounting  Standards No. 123,  Accounting  for Stock
   Based  Compensation,  defines a  fair-value  based method of  accounting  for
   stock-based  employee  compensation plans and transactions in which an entity
   issues  its  equity   instruments   to  acquire   goods  and  services   from
   non-employees,  and  encourages  but does not  require  companies  to  record
   compensation cost for stock-based employee compensation plans at fair value.

   For periods prior to November 1, 2002,  the Company has chosen to account for
   employee stock-based compensation using the intrinsic value method prescribed
   in Accounting  Principles  Board Opinion No. 25 (APB No. 25),  Accounting for
   Stock Issued to Employees, and related interpretations. Accordingly, employee
   compensation  cost for stock  options and warrants is measured as the excess,
   if any, of the market price of the  Company's  stock at the date of the grant
   over the amount an employee must pay to acquire the stock. This treatment was
   allowed  under   Statement  of  Financial   Accounting   Standards  No.  123,
   "Accounting for Stock Based Compensation" (SFAS 123).

   In December 2002, FASB issued Statement of Financial Accounting Standards No.
   148  "Accounting  for  Stock-Based  Compensation - Transition and Disclosure"
   (SFAS 148). This statement amends SFAS 123 and provides  alternative  methods
   of  transition  for a  voluntary  change to the fair  value  based  method of
   accounting for stock-based employee compensation.  This statement also amends
   the  disclosure  requirements  of SFAS  123 to  require  more  prominent  and
   frequent  disclosures  in  financial  statements  about the  effects of stock
   compensation.  The transition  guidance and annual  disclosure  provisions of
   SFAS 148 are  effective  for  financial  statements  issued for fiscal  years
   ending after December 15, 2002.  Effective November 1, 2003, the first day of
   the reporting quarter including the effective date of SFAS 148, the Company's

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   Board of Directors,  in conjunction with public opinion and SFAS 148, elected
   to expense the imputed compensation cost related to any stock options granted
   during  Fiscal  2003 and for future  periods.  The  Company did not issue any
   stock options  during Fiscal 2003 and the adoption of SFAS 148 did not have a
   material impact on our results of operations or financial condition.

ITEM 3 - CONTROLS AND PROCEDURES

As required by Rule 13a-15 under the Exchange  Act,  within the 90 days prior to
the filing date of this report,  the Company  carried out an  evaluation  of the
effectiveness of the design and operation of the Company's  disclosure  controls
and  procedures.  This evaluation was carried out under the supervision and with
the participation of the Company's management, including the Company's President
and Chief Executive  Officer along with the Company's  Chief Financial  Officer.
Based upon that evaluation,  the Company's President and Chief Executive Officer
along with the Company's  Chief Financial  Officer  concluded that the Company's
disclosure controls and procedures are effective. There have been no significant
changes in the  Company's  internal  controls or in other  factors,  which could
significantly  affect  internal  controls  subsequent  to the date  the  Company
carried out its evaluation.

Disclosure  controls and procedures are controls and other  procedures  that are
designed to ensure that information  required to be disclosed in Company reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported,  within the time  periods  specified  in the  Securities  and Exchange
Commission's  rules and  forms.  Disclosure  controls  and  procedures  include,
without limitation,  controls and procedures designed to ensure that information
required to be  disclosed  in Company  reports  filed under the  Exchange Act is
accumulated  and  communicated  to  management,  including the  Company's  Chief
Executive  Officer and Chief Financial  Officer as appropriate,  to allow timely
decisions regarding required disclosure.

                           PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

None

ITEM 2 - CHANGES IN SECURITIES

Effective  on May 1, 2003,  the Company  issued an  aggregate  92,216  shares of
restricted,  unregistered  common  stock as payment for  accrued  interest as of
April 30, 2003 on convertible notes payable.

In May 2003,  the Company  issued  575,664  restricted,  unregistered  shares of
common stock to Mintmire & Associates,  the Company's primary legal counsel,  in
payment of trade accounts payable in the amount of approximately $72,849.

ITEM 3 - DEFAULTS ON SENIOR SECURITIES

None

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

The  Company  has held no  regularly  scheduled,  called or special  meetings of
shareholders during the reporting period.

ITEM 5 - OTHER INFORMATION

None

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ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

Exhibits

31.1 Certification  Pursuant to Section 302 of the  Sarbanes-Oxley Act of 2002 -
     Chief Executive Officer
31.2 Certification  Pursuant to Section 302 of the  Sarbanes-Oxley Act of 2002 -
     Chief Financial Officer
32.1 Certifications Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Reports on Form 8-K

None

--------------------------------------------------------------------------------

                                   SIGNATURES

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

                                              KIK TECHNOLOGY INTERNATIONAL, INC.

Dated: September 12, 2003                     /s/ Kuldip C. Baid
       ------------------                     ----------------------------------
                                                                  Kuldip C. Baid
                                                         Chief Financial Officer
                                                                    and Director

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