UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.  20549

FORM 10-QSB/A

[X]           QUARTERLY REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

[   ]         TRANSITION REPORT PURSUANT TO SECTION 13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:  March 31, 2003

Commission file number 000-30085

HESPERIA HOLDING, INC.(Exact name of registrant as specified in its charter)

Nevada                                                                                                                                                           88-0453327
(State or other jurisdiction of                                                                                                                       (I.R.S. Employer

incorporation or organization)                                                                                                             Identification Number)

 
**9780 E. Avenue

Hesperia, California                                                                                                                                                92345
(Address of Principal Executive Offices)                                                                                                              (Zip Code)
**(760) 947-1378(Registrant's telephone number, including area code)

Saveyoutime.com, Inc.(Former name, if changed since last report)

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the last 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes __X___  No _____

The number of shares of Common Stock, $0.001 par value, outstanding on May 1, 2003, was 10,465,485 shares, held by approximately 42 shareholders.

Transitional Small Business Disclosure Format (check one):

Yes ______  No ___X___

***THIS AMENDMENT IS BEING FILED TO INCLUDE THE CERTIFICATION PURSUANT TO 18U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002.  THE CERTIFICATION IS ATTACHED HERETO AS EXHIBIT 32.**

ITEM 1.  FINANCIAL STATEMENTS

HESPERIA HOLDING, INC.

(Formerly Saveyoutime.com, Inc.)

(A Development Stage Company)

BALANCE SHEET

ASSETS

March 31, 2003(unaudited)

December 31, 2002(audited)
   
CURRENT ASSETS
$                   0
$                    0
          TOTAL CURRENT ASSETS
0
0   
OTHER ASSETS
0
0   
          TOTAL OTHER ASSETS
0
0    
$                   0
$                    0   
LIABILITIES AND STOCKHOLDERS' EQUITY 
CURRENT LIABILITIES  
  Officers Advances (Note #6)
$                   0
$                    0   
          TOTAL CURRENT LIABILITIES
0
0   
STOCKHOLDERS' EQUITY     
        Preferred stock, $.001 par value authorized 5,000,000 shares; None issued and Outstanding
0
0   
        Common stock, $.001 par value, authorized 20,000,000 shares; 6,504,370 issued and outstanding at March 31, 2003 and December 31, 2002
 6,504

6,504   
     Additional paid-in capital
0
0   
     (Deficit) accumulated during development stage
 (6,504)

(6,504)   
          TOTAL STOCKHOLDER'S EQUITY
0
0    
$                   0
$                    0
The accompanying notes are an integral part of these financial statements.

1

HESPERIA HOLDING. INC.

(Formerly Saveyoutime.com, Inc.)

(A Development Stage Company)

STATEMENT OF OPERATIONS

(unaudited)

 
 
Three Months Ended March 31, 2003 

Three Months Ended March 31, 2002 

For the Period March 3, 2000,(Inception) to March 31, 2003
INCOME   
Revenue
$                        0
$                       0
$                      0    
EXPENSE   
General and   
Administrative
0
0
6,504    
TOTAL EXPENSES
0
0
6,504
NET (LOSS)
$                      (0)
$                    (0)
$            (6,504)    
Weighted average   
number of common   
shares outstanding
6,504,370
6,454,360
6,504,370    
Net Loss   
Per Weighted Share
$                   (.00)
$                 (.00)
$                (.00)
The accompanying notes are an integral part of these financial statements.

2

HESPERIA HOLDING, INC.

(Formerly Saveyoutime.com, Inc.)

(A Development Stage Company)

STATEMENT OF CASH FLOWS

(unaudited)

 Three Months Ended March 31, 2003

Three Months Ended March 31, 2002 

For the Period March 3, 2000,(Inception) to March 31, 2003
Cash Flows from
Operating Activities:
       Net (loss)
$                   (0)
$                    (0)
$             (6,504)
       Stock issued for services
0
0
5,000
       Stock issued to convert debt to equity
0
0
1,504    
Changes in assets and   
Liabilities:   
       Officers Advances
0
(0)
0    
Net cash (used) in    
operating activities
0
0
0    
Cash Flows from   
Investing Activities:
0
0
0    
Cash Flows from   
Financing Activities
0
0
0    
Net increase in cash
0
0
0    
Cash,   
beginning of period
0
0
0    
Cash,   
end of period
$                     0
$                      0
$                      0    
Supplemental Disclosure   
      Interest Paid
$                                         0
$                                          0
$                                             0
      Taxes Paid
$                                         0
$                                          0
$                                             0    
Non-Cash Transactions   
 Number of Shares   
  issued for services
0
0
5,000,000    
Number of Shares issued   
 To convert debt to equity
0
0
1,504,370
The accompanying notes are an integral part of these financial statements.

3
**HESPERIA HOLDING, INC.

(Formerly Saveyoutime.com, Inc.)

(A Development Stage Company)

NOTESTO FINANCIAL STATEMENTS

NOTE 1 - History and organization of the Company**
The Company was organized March 3, 2000, under the laws of the State of Nevada as Saveyoutime.com, Inc. The Company , during the reporting period, currently had no operations and, in accordance with SFAS #7, is considered a development stage company.

On April 10, 2003, the Company merged with Hesperia Holding Corp. and the Company changed its name to Hesperia Holding, Inc.
**NOTE 2 - Accounting Policies and Procedures**
The Company has not determined its accounting policies and procedures, except as follows:

1. The Company uses the accrual method of accounting.

2. Earnings per share is computed using the weighted average number of shares of common stock outstanding.

3. The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid since inception.

**NOTE 3 - STOCKHOLDERS EQUITY**

On March 3, 2000, the Company issued 5,000,000 shares of its $.001 par value common stock to its then sole officer and director for services of $5,000.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."

On January 1, 2001, the Company issued an officer of the Company 1,405,000 shares of its $.001 par value common stock for conversion of debt to equity of $1,405.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."

On April 1, 2001, the Company issued an officer of the Company 22,060 shares of its $.001 par value common stock for conversion of debt to equity of $22.06.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."

On July 1, 2001, the Company issued an officer of the Company 13,240 shares of its $.001 par value common stock for conversion of debt to equity of $13.24.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."

On October 1, 2001, the Company issued an officer of the Company 14,060 shares of its $.001 par value common stock for conversion of debt to equity of $14.06.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."

4
**HESPERIA HOLDING, INC.

(Formerly Saveyoutime.com, Inc.)

(A Development Stage Company)

NOTESTO FINANCIAL STATEMENTS**
On April 1, 2002, the Company issued an officer of the Company 21,880 shares of its $.001 par value common stock for conversion of debt to equity of $21.88.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."

On September 30, 2002, the Company issued an officer of the Company 28,130 shares of its $.001 par value common stock for conversion of debt to equity of $28.13.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
**NOTE 4 - GOING CONCERN**
The company's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has no current source of revenue. Without realization of additional capital, it would be unlikely for the Company to continue as a going concern. It is management's plan to seek additional capital through acquiring or merging with another business entity.
**NOTE 5 - RELATED PARTY TRANSACTIONS**
The Company neither owns or leases any real or personal property. Office services are provided without charge by an officer and or director of the Company. Such costs are immaterial to the financial statements and accordingly, have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts. The Company has formulated no policy for the resolution of such conflicts.
**NOTE 6 - WARRANTS AND OPTIONS**
There are no warrants or options outstanding to issue any additional shares of common stock or preferred stock of the Company.
**NOTE 7 - OFFICERS ADVANCES**
While the Company is seeking additional capital through a merger with an existing operating company, an officer of the Company has advanced funds on behalf of the Company to pay for any costs incurred by it. These advances have been converted to equity.

5
**HESPERIA HOLDING, INC.

(Formerly Saveyoutime.com, Inc.)

(A Development Stage Company)

NOTESTO FINANCIAL STATEMENTS

 

NOTE 8 - SUBSEQUENT EVENT**
On April 10, 2003, the Company completed a merger with Hesperia Holding Corp. (HHC) whereby the Company acquired all of the issued and outstanding common stock of HHC in exchange for 10,415,845 voting shares of theCompany's $0.001 par value common stock.  The acquisition was accounted for using the purchase method of accounting as applicable to reverse acquisitions because the former stockholders of HHC controled theCompany's common stock immediately upon conclusion of the transaction.  Under reverse acquisition accounting, the post-acquisition entity was accounted for as a recapitalization of the Company.
***Historical Financials ofHesperia Holding Corp.

FINANCIAL STATEMENTS

March 31, 2003

7

Hesperia Holding Corp.Consolidated Balance Sheet
**March 31, 2003(unaudited)
**December 31, 2002(audited)
**Assets
Current assets:
          Cash and equivalents
$          5,608
$            28,608
          Accounts receivable
612,153
487,734
          Loans receivable - officers
21,064
21,064
          Other receivables
1,556
1,681
          Inventory
50,543
50,543
                    Total current assets
690,924
589,630
Fixed assets, net
125,664
112,851
$      816,588
$           702,481**Liabilities and Shareholders' (Deficit)
Current liabilities:
          Checks issued in excess of available cash
$      190,266
$           121,349
          Accounts payable
32,432
43,021
          Line of credit
51,427
54,427
          Other current liabilities
264,451
294,558
                    Total current liabilities
538,576
513,355
Long-term liabilities
18,825
36,411
Note payable for treasury stock
188,000
214,000
Interest payable
52,288
52,288
Loans from shareholders
255,223
257,225
1,052,912
1,073,279
Shareholders' (deficit):
          Common stock
10,202
10,202
          Additional paid-in capital
201,472
201,472
          Retained (Deficit)
(447,998)
(582,472)
(236,324)
(370,798)
$      816,588
$           702,481**The accompanying notes are an integral part of these financial statements.

8

Hesperia Holding Corp.Consolidated Statements of Operations(unaudited)****For the three months ended**March 31,**
**2003**2002
Revenue, net
$       1,704,886
$         1,407,720
Cost of goods sold:
          Purchases
707,557
717,360
          Labor
367,469
289,474
          Trucking
42,058
27,996
          Freight
1,965
885
          Repairs and maintenance
10,360
5,708
                    Total cost of goods sold
1,129,409
1,041,423
Gross profit
575,477
366,297
Expenses:
          General and administrative
375,303
254,037
          Salaries - officers
52,600
45,400
          Depreciation and amortization
13,114
13,114
                    Total expenses
441,017
312,551
Net operating income
134,460
53,746
Other income (expense)
          Interest income
14
-
                    Total other income (expense)
14
-
Net income
$          134,474
$             53,746**The accompanying notes are an integral part of these financial statements.

9

Hesperia Holding Corp.Consolidated Statements of Cash Flow(unaudited)****For the three months ended**March 31,**
**2003**2002**Cash flows from operating activities
Net income
$            134,474
$             53,746
Depreciation and amortization expense
13,114
13,114
Adjustments to reconcile net income to
cash provided (used) by operating activities:
(Increase) decrease in accounts receivable
(124,419)
64,053
(Increase) decrease in other receivables
125
(945)
Decrease in inventory
-
70,000
(Decrease) in accounts payable
(10,589)
(47,981)
Increase (decrease) in other current liabilities
(30,107)
5,865
Net cash provided (used) by operating activities
(17,402)
157,852**Cash flows from investing activities
Purchase of fixed assets
(25,927)
(50,071)
Net cash (used) by investing activities
(25,927)
(50,071)**Cash flows from financing activities
Checks issued in excess of cash available
68,917
31,632
Principal payments on line of credit
(3,000)
(3,000)
Advances (payments) on long-term liabilities
(17,586)
23,879
Payments on loans from shareholders
(2,002)
(38,000)
Interest payable to shareholders
-
(27,272)
Purchase of treasury stock
(26,000)
(95,020)
Net cash provided (used) by financing activities
20,329
(107,781)
Net (decrease) in cash
(23,000)
-
Cash - beginning
28,608
-
Cash - ending
$                5,608
$                       -
Supplemental disclosures:
Interest paid
$                        -
$                       -
Income taxes paid
$                                             -
$                                            -**The accompanying notes are an integral part of these financial statements.

10

Hesperia Holding Corp.Notes to Consolidated Financial Statements

Note 1 - Basis of presentation**
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 the information presented 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 period ended December 31, 2002 and notes thereto attached hereto as exhibit 99.1.  The Company follows the same accounting policies in the preparation of interim reports.  

Results of operations for the interim periods are not indicative of annual results. 
**Note 2 - Fixed assets**
The Company's fixed assets at March 31, 2003 totaled $125,664, net of accumulated depreciation of $140,577.  Depreciation expense totaled $13,114 for the three-months ended March 31, 2003.
**Note 3 - Related party transactions**
The Company had loans receivable from its officers in the amounts of $21,064 as of March 31, 2003.

The Company had outstanding loans from its shareholders in the amounts of $255,223 as of March 31, 2003.  The outstanding loans bear no interest and are due upon demand. 

On June 14, 2000, the Company entered into a "Stock Repurchase" agreement (the "Agreement") with a shareholder whereby the Company repurchased 1,000 shares of theCompany's $1.00 par value common stock for $380,000, plus a covenant not to compete for $100,000 (a combined total of $480,000).  Consideration for the Agreement is made up of cash totaling $35,839, a vehicle with a declared value of $20,698, and a non-interest bearing Promissory Note in the amount of $423,463 with weekly payments of $2,000 and due in full on June 16, 2004.  The Company has paid total cash of $292,000 as of March 31, 2003.

11
**Hesperia Holding Corp.Notes to Consolidated Financial Statements

Note 4 - Commitments and long-term debts**
The Company had outstanding balances on its promissory note with Sun Country Bank in the amount of $51,427 as of March 31, 2003.  The loan bears interest at 3.50% per annum and was payable on demand or September 16, 2003, whichever comes first.

The Company had outstanding balances on its revolving line of credit with Hesperia Wholesale Lumber in the amounts of $6,103 as of March 31, 2003. 

The Company had four vehicle loans with five-year terms, bearing interest ranging from 2.90% to 7.90% per annum, and monthly payments totaling $1,557.
**Note 5 - Subsequent events**
On April 10, 2003, the Company completer a merger with Hesperia Holding, Inc. ("HHI") whereby HHI acquired all of the issued and outstanding common stock of the Company in exchange for 10,415,845 voting shares ofHHI's $0.001 par value common stock.  The acquisition was accounted for using the purchase method of accounting as applicable to reverse acquisitions because the former stockholders of the Company controlHHI's common stock immediately upon conclusion of the transaction.  Under reverse acquisition accounting, the post-acquisition entity was accounted for as a recapitalization of the Company.

12
**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations**
This report contains forward-looking statements.  Actual results and events could differ materially from those projected, anticipated, or implicit, in the forward-looking statements as a result of the risk factors set forth below and elsewhere in this report.

With the exception of historical matters, the matters discussed herein are forward-looking statements that involve risks and uncertainties.  Forward-looking statements include, but are not limited to, statements concerning anticipated trends in revenues and net income, projections concerning operations and available cash flow.  Our actual results could differ materially from the results discussed in such forward-looking statements. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto appearing elsewhere herein.

Overview

Hesperia Holding, Inc. (formerly Saveyoutime.com, Inc.) entered into a merger agreement dated January 20, 2003 (the "Merger Agreement") with Hesperia Holding Corp., a California corporation. Pursuant to the terms of the Merger Agreement Hesperia Holding Corp. merged with and into Hesperia Holding, Inc. on April 10, 2003.

The Merger was consummated on April 10, 2003, at which time a Certificate of Merger was filed in the State of Nevada and State of California. Under the terms of the Merger, the Company issued Ten Million Four Hundred Fifteen Thousand Eight Hundred Forty-Five (10,415,845) shares of its common stock to the stockholders of Hesperia Holding Corp. in exchange for 100% of the issued and outstanding common stock of Hesperia Holding Corp. The then sole stockholder of the Company retained 50,000 shares of common stock and cancelled 6,454,370 shares resulting in 10,465,845 being issued and outstanding. The shares of common stock were issued unrestricted without registration under the Securities Act of 1933, as amended (the "**Securities Act**"), in reliance upon the exemption from registration provided by Section 3(a)(10) of the Securities Act.  Concurrent with the filing of the Certificate of Merger, the Company changed its name to Hesperia Holding, Inc.

Hesperia Holding Corp. (HHC) was formed in 2002, as a California corporation, and is a holding company for its subsidiary, Hesperia Truss, Inc., formed in 1996 (Hesperia Truss), a prefabricated wood truss manufacturer.  

As a result of the "blank check" status of the Company, and the insignificance of theCompany's financials, the financial statements discussed below are of HHC. for the three months ending March 31, 2003 and 2002. As a result of: (i) the acquisition of Hesperia Truss by HHC, (ii) the recent incorporation of HHC and (iii) the lack of operations of HHC, the presentation of financial information is primarily of Hesperia Truss, as all operations are being conducted through Hesperia Truss.  Hesperia Truss in now a wholly-owned subsidiary of Hesperia Holding, Inc.

13
**Critical Accounting Policies**
Management's Discussion and Analysis of Financial Condition and Results of Operations are based upon the consolidated financial statements HHC, which have been prepared in conformity with accounting principles generally accepted in the United States of America.

The preparation of these financial statements requires the appropriate application policies, many of which require HHC to make estimates and assumptions about future events and their impact on amounts reported in its financial statements and related notes. Since future events and their impact cannot be determined with certainty, the actual results will inevitably differ from its estimates. Such differences could be material to the financial statements. Management believes its application of accounting policies, and the estimates inherently required therein, are reasonable. These accounting policies and estimates are constantly reevaluated, and adjustments are made when facts and circumstances dictate a change.HHC's accounting policies are more fully described in Note 1 to the financial statements for the year ended December 31, 2002., which are attached here to as exhibit 99.1.
***Results of Operations for the Three Months Ended March 31, 2003 and 2002 Compared.***
Three Months Ended March 31, 2003
Three Months Ended March 31, 2002     
Revenues 
$            1,704,886 
$                1,407,720     
     Cost of Goods Sold 
1,129,409 
1,041,423     
Operating Expenses 
441,017 
312,551     
Other Income (Expense) 
14 
0     
Net Income (Loss) 
$                 134,474 
$            53,746**Revenue**
Revenues for the three months ended March 31, 2003 were $1,704,886 compared to revenues of $1,407,720 in the three-months ended March 31, 2002. This resulted in an increase in revenues of $297,166, or 21% in the same three-months of the prior year. The increase is due to increased sales.
**Cost of goods sold/Gross profit percentage of revenue** 
2003
2002 **Increase/(decrease)  
$ 
%
For the three months ended March 31:          
     Cost of goods sold
$
1,129,409 
$
1,041,423 
$
87,986 
8%           
     Gross profit % of revenue 
34%  
26%                
14

Cost of goods sold for the three months ended March 31, 2003 was $1,129,409, an increase of $87,986, or 8%, from $1,041,423 for the same three-months of the prior year. The increase reflects a substantial increase in sales in 2003.

Gross profit as a percentage of revenue increased from 26% during the three months ended March 31, 2002 to 34% for the same three-months ended March 31, 2003. 
**General and Administrative expenses** **Increase/(decrease) 
2003
2002 
$
%
For the three months ended March 31:       
     General & Administrative expenses
$
375,303
$
254,037
$
121,266
48%
General and administrative expenses were $375,303 for the three months ended March 31, 2003 versus $254,037 for the same three-months ended March 31, 2002, which resulted in an increase of $121,266 or 48%.
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