UNITED STATES

		SECURITIES AND EXCHANGE COMMISSION

		    Washington, D.C. 20549


			  FORM 10-Q

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

For the quarterly period ended March 31, 2002

		   PAVING STONE CORPORATION

	(Exact name of registrant as specified in its charter)

          NEVADA 	       	000-30051 		88-0443120

(State of incorporation) (Commission File No.) (I.R.S. Employer ID No.)

		1760 N.W. 22nd Court, Pompano Beach, FL 33069

		(Address of principal executive offices)

				(954) 971-3235

			(Registrant's telephone number)

			   Cottage Investments, Inc.

			  (Registrant's Former Name)


Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the Registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. Yes [X]
No [ ]

At May 14, 2002, 24,012182 shares of the Registrant's common stock were
issued and outstanding.

Through out this Report, the terms "we", "us", "our" and other similar
pronouns refer to the Paving Stone Corporation.  The terms "PVNG", the
"Company," or "Registrant" also refer to the Paving Stone Corporation.


PART I: FINANCIAL INFORMATION.

Item 1. Financial Statements.




PAVING STONE CORPORATION AND SUBSIDIARIES
FINANCIAL STATEMENTS
AS OF MARCH 31, 2002 (CONSOLIDATED)
AND 2001 (COMBINED)

PAVING STONE CORPORATION AND SUBSIDIARIES

CONTENTS

PAGE 1
CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 2002 (UNAUDITED)
AND DECEMBER 31, 2001 (AUDITED)

PAGE 2
STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2002
(CONSOLIDATED) AND 2001 (COMBINED) (UNAUDITED)

PAGES 3 - 4
STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2002
(CONSOLIDATED) AND 2001 (COMBINED) (UNAUDITED)

PAGES 5 - 6
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2002


			PAVING STONE CORPORATION AND SUBSIDIARIES
				CONSOLIDATED BALANCE SHEETS

ASSETS
						March 31, 2002 	December 31, 2001
						(Unaudited)

CURRENT ASSETS
Cash						$155,206 	$35,439
Accounts receivable-
net of allowances				4,630,612 	5,568,321
InventorieS					37,065 		37,065
Prepaid expenses				11,584 		83,945
Rebate receivable				330,438 	330,438
Other receivables				40,245 		-
Advance to related party			44,219 		18,736
Costs in excess of billings
on uncompleted contracts			226,381 	504,536
Total Current Assets				5,475,750 	6,578,480

PROPERTY AND EQUIPMENT - NET			293,455 	306,040

OTHER ASSETS
Security deposits and other assets-
net of amortization				96,140 		39,553
Other loans / advances receivable		23,317 		16,317
Total Other Assets				119,457 	55,870

TOTAL ASSETS					$5,888,662 	$6,940,390


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
Cash overdraft					$80,862 	$326,936
Accounts payable and
accrued expenses				3,073,683 	3,527,040
Customer deposits payable			-    		83,641
Billings in excess of cost
on uncompleted contracts			155,887 	178,976
Note and capital lease obligation
payable - current portion			10,513 		33,111
Notes payable - stockholder			401,567 	395,693
Lines of credit					2,490,363 	2,240,271

Total Current Liabilities			6,212,875 	6,785,668


LONG TERM LIABILITIES
Note and capital lease
obligation payable				93,883 		76,001
Notes payable - stockholder			65,319 		64,353
Total Long-Term Liabilities			159,202 	140,354

TOTAL LIABILITIES 				6,372,077 	6,926,022


STOCKHOLDERS' EQUITY (DEFICIENCY)
Common stock, $.00001 par value,
50,000,000 shares authorized,
2,260,083 shares issued
and outstanding					23 		23
Common stock to be issued,
19,742,099 shares				197 		197
Additional paid-in capital			5,242,603 	5,242,603
Accumulated deficit				(5,726,238)	(5,228,455)


TOTAL STOCKHOLDERS' EQUITY
(DEFICIENCY)					(483,415)	14,368


TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIENCY)				$5,888,662 	$6,940,390



			PAVING STONE CORPORATION AND SUBSIDIARIES
				STATEMENTS OF OPERATIONS
		FOR THE THREE MONTHS ENDED MARCH 31, 2002 (CONSOLIDATED)
				AND 2001 (COMBINED)
					(UNAUDITED)

					For the Three	For the Three
					Months Ended	Months Ended
					March 31, 2002	March 31, 2001
					(Consolidated)	(Combined)

NET SALES				$7,063,378 	$6,652,082

COST OF SALES				5,485,578 	5,574,295

GROSS PROFIT				1,577,800 	1,077,787

OPERATING EXPENSES
Selling, general and administrative	2,038,591 	1,372,800
Total Operating Expenses		2,038,591 	1,372,800


LOSS FROM OPERATIONS			(460,791)	(295,013)

OTHER EXPENSES
Interest expense			36,992 		37,873
Other expense				-    		1,228
Total Other Expense			36,992 		39,101

NET LOSS				$(497,783)	$(334,114)

Net loss per share-
basic and diluted			$(0.02)		$(0.02)

Weighted average shares
outstanding during the period -
basic and diluted			22,002,182 	16,040,000


		PAVING STONE CORPORATION AND SUBSIDIARIES
			STATEMENTS OF CASH FLOWS
	FOR THE THREE MONTHS ENDED MARCH 31, 2002 (CONSOLIDATED)
			AND 2001 (COMBINED)
				(UNAUDITED)


					For the Three	For the Three
					Months Ended	Months Ended
					March 31, 2002	March 31, 2001
					(Consolidated)	(Combined)

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)			$(497,783)	$(334,114)
Adjustments to reconcile net
income (loss) to net cash used
in operating activities:
Depreciation and amortization		33,271 		26,673
Provision for doubtful accounts		-    		291,213
Changes in operating assets
and liabilities:
(Increase) decrease in:
Accounts receivable			897,464 	415,797
Prepaid expense				72,361 		6,238
Rebate receivable			-    		(22,101)
Security deposits and other assets	(56,587)	(67,337)
Costs in excess of billings on
uncompleted contracts			278,155 	(464,794)
Increase (decrease) in:
Accounts payable and
accrued expenses			(446,517)	108,063
Cash overdraft				(246,074)	-
Billings in excess of cost
on uncompleted contracts		(23,089)	-
Customer deposits payable		(83,641)	-
Net Cash Used In
Operating Activities			(72,440)	(40,362)


CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(20,686)	(4,3814)
Other loans / advances receivable	(7,000)	-
Net Cash Used In Investing
Activities				(27,686)	(4,384)

CASH FLOWS FROM FINANCING ACTIVITIES
Payments on capital
lease obligation			(43,719)	-
Advances from related parties		(25,483)	(19,206)
Payments on note payable		39,003 		(21,134)
Proceeds from lines of credit		250,092 	354,955
Distributions to stockholders		-    		(153,737)
Net Cash Provided By
Financing Activities			219,893 	160,878


			PAVING STONE CORPORATION AND SUBSIDIARIES
				STATEMENTS OF CASH FLOWS
		FOR THE THREE MONTHS ENDED MARCH 31, 2002 (CONSOLIDATED)
				AND 2001 (COMBINED)
					(UNAUDITED)

					For the Three	For the Three
					Months Ended	Months Ended
					March 31, 2002	March 31, 2001
					(Consolidated)	(Combined)

NET INCREASE IN CASH			119,767 	116,132
CASH AND CASH EQUIVALENTS-
BEGINNING OF YEAR			35,439 		42,698
CASH AND CASH EQUIVALENTS-
END OF YEAR				$155,206 	$158,830

SUPPLEMENTAL DISCLOSURE CASH FLOW INFORMATION:

Cash paid for interest			$36,992 	$37,873



NOTE 1	BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in
accordance withaccounting principles generally accepted in The United
States of America and the rules and regulations of the Securities and
Exchange Commission for interim financial information.  Accordingly,
they do not include all the information necessary for a
comprehensive presentation of financial position and results of operations.

It is management's opinion, however that all material adjustments (consisting of
normal recurring adjustments) have been made which are necessary for a
fair financial statements presentation.
The results for the interim period are not necessarily indicative of the
results to be expected for the year.

For further information, refer to the financial statements and footnotes for
the year ended December 31, 2001 included in the Company's Form 10-KSB.

NOTE 2	PRINCIPLES OF CONSOLIDATION

The accompanying consolidated financial statements include the accounts of
Paving Stone Corporation and its wholly owned subsidiaries.  All significant
inter-company transactions and balances have been eliminated in consolidation.

NOTE 3	PRINCIPLES OF COMBINATION

The 2001 financial statements are presented on a combined basis, which
represents The Paving Stone Corporation and its affiliates; Paving Stone
Company of Atlanta, Inc., The Paving Stone Company of Arizona, Inc.,
Paving Stone of Nevada, Inc., The Paving Stone Company of California, Inc.,
all of which were owned by one stockholder. Significant intercompany balances
and transactions were eliminated in the combination.

NOTE 4	INVENTORIES

Inventories consist of brick pavers and installation supplies.  Inventories
are stated at the lower of cost or market value, as determined using the
first in, first out method.

NOTE 5	SEGMENT REPORTING

The Company has five geographic reportable segments: Florida, Arizona,
Atlanta, Nevada and California.  Each segment installs interlocking pavers
on drivewaysand patios for residential and commercial use.  The accounting
policies of the segments are the same as described in the summary of
significant accounting policies. The Company evaluates segment performance
based on income from operations. Sales for each segment are based on the
location of the third-party customer. All intercompany transactions between
segments have been eliminated.
The Company's selling, general and administrative expenses and
engineering expenses are charged to each segment based on the region where
the expenses are incurred.  As a result, the components of operating income
for one segment may not be comparable to another segment.
Segment results for 2002 and 2001 are as follows:


					Florida 	Arizona/	Georgia/
							Texas		Mid-Atlantic
2002
Net sales				$4,529,506 	$1,257,408 	$338,854
Income (loss) from operations		(231,067)	150,436 	(137,939)
Depreciation and amortization		28,484 		685 		3,228
Assets					4,010,431 	871,428 	482,001
Capital expenditures			19,261 		1,425 		-
----------------------------------------------------------------------------
2001
Net sales				$5,510,995 	$544,180 	$479,237
Income (loss) from operations		(129,820)	(26,131)	(39,195)
Depreciation and amortization		21,318 		307 		1,117
Assets					5,436,101 	104,782 	311,624
Capital expenditures			4,384 		-    		-


				Nevada		California	Corporate	Total
2002
Net sales			97,555		640,055		-		7,063,378
Income (loss) from operations	(11,211)	(231,010)	-		(460,791)
Depreciation and amortization	467		407		-		33,271
Assets				223,454		250,868		50,000		5,888,682
Capital expenditures		-		-		-		20,686
----------------------------------------------------------------------------
2001
Net sales			02,375		15,295		-		6,652,082
Income (loss) from operations	(57,171)	(48,696)	-		(295,013)
Depreciation and amortization	470		3,462		-		26,673
Assets				(97,387)	(32,841)	-		5,722,279
Capital expenditures		-		-		-		4,384



NOTE 5	SUBSEQUENT EVENT

(A) Private Placement Offering

On April 12, 2002, the Company issued 4,000,000 shares of common stock and
a warrant to an investor to purchase 1,500,000 shares of common stock at an
exercise price equal to the average closing bid price less a 30% discount with
a maximum exercise price of $1.00, for $400,000 in cash and a stock subscription
receivable of $600,000 to be paid in installments over a three month period.




Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations.

OVERVIEW

Historically, the first quarter of the fiscal year has been the slowest
quarter in terms of sales volume and bottom line results.  Sales volume
typically escalates in the second, third and fourth quarters resulting
in increases in reported profits.

During the first quarter of 2002, despite normal seasonal declines, we
posting a 6% increase in sales over the first quarter of the previous
year. In addition, our gross margins increased to 22.3% from 16.2% for
the same period of the previous year.

During the first quarter, we also achieved a corporate milestone, as we
were awarded an exclusive installer agreement with a national home
improvement retailer in the state of Florida. We expect this to have a
significant impact on sales later this year.

Lastly, at the end of the first quarter, we closed on our first round
of equity financing. We hope this sets the stage for additional funding
for anticipated, aggressive expansion.

FINANCIAL CONDITION

Total assets as of March 31, 2002 were $5,888,662, a decrease of
$1,051,728 from total assets of $6,940,390 at December 31, 2001. The
decrease is primarily attributable to a reduction in accounts
receivable of $937,709, which reflects a normal seasonal decline in
volume from the fourth quarter to the first quarter. In addition, cost
in excess of billings on uncompleted contracts decreased by $278,155,
also a result of the normal seasonal decline in volume.

Current liabilities decreased by $572,793 from $6,785,668 at December
31, 2001 to $6,212,875 at March 31, 2002. The decrease is primarily
attributable to a decrease in accounts payable of $453,357, and a
decrease in customer deposits payable of $83,641, both a result of the
seasonal decline in volume mentioned above.

Stockholder's equity decreased from $14,368 at December 31, 2001 to a
deficit of $483,415 at March 31, 2002, a decrease of $497,783. The
decrease is attributable to a net operating loss of $497,783 for the
three-month period ended March 31, 2002.

RESULTS OF OPERATIONS

Revenue increased by $411,296 for the three-month period ended March
31, 2002, from $6,652,082 for the first quarter of 2001 to $7,063,378
for the first quarter of 2002.  The increase was partially due to the
opening of 6 new offices during 2001 in California, Texas, Florida
panhandle and South Carolina. For the three months ended March 31,
2002, sales in these new offices increased by $909,618, compared with
the same period in the previous year.

In addition, the increase in revenue was due to increases in our core
offices in Florida, Georgia, Arizona and Nevada. Sales in the core
offices (excluding the southern-most Florida office), increased by
$913,922 for the three months ended March 31, 2002, compared with the
same period in the previous year. A core office is defined as an office
that has been open at least 12 months and is in its second full year of
operation.

The sales growth in the core offices was offset by a decrease in sales
in one of these offices (i.e., the southern-most Florida office) of
$1,412,246, resulting in a total decrease of $498,324 for the three
months ended March 31, 2002, compared with the same period in the
previous year. This resulted from the relative saturation of this one
geographic market in the installation of pavers in newly constructed
homes.  However, the geographic market has not achieved saturation
in the installation of pavers due to remodeling.  The Company
anticipates implementing strategies to counterbalance the trend toward
saturation in this geographic market, by focusing on increasing its
remodeling work in this area to replace the area's slow down in new
construction. In addition, the new exclusive installer relationship
with a national home improvement retailer as described above, is
expected to more than offset this decline in new construction work in
this area.

The Company did not previously face saturation of a geographic market,
which occurred in the southern-most Florida office in the area of new
construction after a decade of development.  Furthermore, the Company
has not experienced competition as intense as it has faced in the
geographic market in which its southern-most Florida office is located.
Therefore, the Company does not anticipate experiencing a similar slow
down due to saturation of the market for new construction in other
geographic areas in the foreseeable time period.  Moreover, the Company
has implemented company-wide strategies in an effort to counterbalance
and/or avoid the negative trend experienced in the southern-most
Florida office, including its focus on remodeling, its relationship
with a national home improvement retailer, and its expansion into new
geographic areas.

Cost of goods sold decreased $88,717 for the three-month period ended
March 31, 2002, compared with the same period in the previous year. The
decrease reflects efficiencies gained in labor and material cost over
the prior year in our core offices.

Selling, general and administrative expenses increased by $665,791 to
$2,038,591 for the three-month period ended March 31, 2002. The
increase is primarily attributable to the opening of 6 new offices in
2001 described above.

We incurred a net loss of $497,783 for the three-month period ended
March 31, 2002 as compared to a net loss of  $334,114 for the three
months ended March 31, 2001. The increase in net loss of $163,669 was
primarily due to the 6 new expansion offices opened in 2001. Note that
these offices were not fully operational until mid- to late 2001.
Generally, new offices incur losses for up to 12 months before
generating profits.

LIQUIDITY AND CAPITAL RESOURCES

During the three-month period ended March 31, 2002, operating
activities consumed $72,440 of cash, compared with $40,362 for the same
period in the prior year. The primary reason for the increase was
reduced cash flow generated from Florida's southern most office, caused
by the decline in sales in that area described above. Sources of
funding came from an increase in our line of credit facility of
$250,000 on March 4, 2002, bringing the total facility up to
$2,500,000. We are currently in discussions with our lender for yet
another increase of up to $500,000.

On April 12, 2002, we closed on equity financing totaling $1,000,000.
The proceeds from this equity raise and the recent line of credit
increase will be used to reduce debt and fund expansion and working
capital needs.

We continue to monitor our cash situation very closely and continue to
pursue additional equity funding with private investors and
institutions.

Many factors may affect future financial results. A description of some
of these factors follows.

FORWARD LOOKING STATEMENTS

This annual report on Form 10-Q contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the actual results,
performance (financial or operating) or achievements to differ from the
future results, performance (financial or operating) or achievements
expressed or implied by such forward-looking statements. Such future
results are based upon management's best estimates based upon current
conditions and the most recent results of operations.

Except for historical information contained herein, the statements in
this document release are forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.  Forward-looking statements involve
known and unknown risks and uncertainties, which may cause actual
results in the future periods to differ materially from forecasted
results.  Words such as "anticipates", "believes", "forecasts",
"plans", "hopes", "predicts", "prognosticates", and the like are
meant to indicate that such statements are forward-looking and not
historical in nature, and such statements contain inherent risks and
uncertainties which render them capable of not being achieved.  There
can be no assurance that any forward-looking statement, goal or plan
will be achieved.

RISK FACTORS
------------

The Company's limited nationwide operating history makes evaluation of
business and prospects difficult.

The Company has been in business for more than a decade, but has only a
limited operating history on a nationwide basis.  This limits the
amount of information upon which investors can evaluate the Company's
business and prospects. The Company also has limited experience
operating outside of its initial, core markets in Florida, which make
the experience to date a poor indicator of future performance or the
ability to evaluate expansion opportunities or new markets.  The
Company cannot give assurance that it will generate sufficient revenues
to fund its operations or that its will be profitable at such level of
operations.  The Company's business and prospects must be considered in
light of the risks, uncertainties, expenses and difficulties frequently
encountered by companies expanding, like companies in their early
stages of development, particularly companies in new and rapidly
evolving markets.

The Company may not be able to manage its expansion growth plan.

For the Company to meet its strategic and business plans, it would need
to experience growth in the size and geographic scope of its operations
and business and would need to develop a substantially larger customer
base. These activities can be expected to place a significant strain on
the Company's current management, operations and capital resources. The
Company's growth will require it to attract, motivate and retain highly
skilled managerial, sales and marketing personnel, or to outsource such
needs.  It will also require the Company to enhance its financial and
managerial controls and reporting systems. There is no assurance that
the Company will be able to manage its growth effectively or be able to
attract and retain the necessary personnel to meet its business
challenges.

The Company may not be able to manage its expanding operations
effectively.

The Company has recently experienced, and hopes to continue to
experience, rapid geographic expansion.  However, it has limited
experience in deploying its services in new geographic or vertical
markets to date.  The Company can give no assurance that it will have
the ability to manage a substantially larger number of customers,
employees and operations in geographically expansive areas and
vertically differentiated industries or that it will be able to
maintain adequate operational controls or experience positive financial
results.  In addition, rapid growth is likely to place a strain on
managerial, operational and financial resources.

To accommodate this growth, the Company must accomplish the following,
among other things: implement new or upgraded operating and financial
systems, procedures and controls in multiple locations; expand customer
service, billing and other related support systems; devise and
implement new advertising and marketing campaigns; and obtain
sufficient resources and additional capital. This is not a
comprehensive list. The Company may not succeed with these efforts.
Its failure to accomplish these goals in an efficient manner could
cause expenses to grow and revenues to decline or grow more slowly than
expected, and could otherwise have a material adverse effect on the
Company's business, financial condition and results of operations.
The Company may have difficulty identifying and financing suitable
acquisitions, mergers, joint ventures, strategic alliances, or other
business combinations, which may adversely affect operating and
financial results.

As part of its business strategy, the Company reviews potential
business combinations, acquisitions, mergers, joint ventures and
strategic alliances, which may complement or expand existing business,
increase revenues, create operational efficiencies, or open new markets
for sale of the Company's products and services.  To date, the Company
has not entered into any business combinations (other than the
Acquisition, as defined herein, in which COTF acquired the five
operating subsidiaries in December 2001).  Therefore, the Company lacks
experience in conducting business combinations, including, without
limitation, mergers and acquisitions.

Furthermore, the Company may not be able to identify appropriate
business combinations, acquisitions, mergers, joint ventures, or
strategic alliances.  It also may not be able to finance proposed
transactions successfully once identified.  Any failure to identify,
finance, close or integrate future transactions may impede the
Company's growth. There can be no assurance that the Company will have
the experience or capability to assess potential acquisition or merger
candidates properly, negotiate effectively or appropriately with
acquisition or merger targets, complete any proposed business
combinations, or integrate acquisition or merger candidates
effectively.

Any acquisitions that are completed will likely encounter the risks
commonly experienced during business combinations, such as:  difficulty
in integrating operations and personnel, potential business disruption;
assumption of unexpected liabilities; the imposition and maintenance of
common standards, controls, procedures and policies; and the impairment
of relationships with employees and customers as a result of
difficulties arising out of integration.  Furthermore, the value of any
business acquired may be less than the amount paid for it if, for
example, there is a decline in the position of that business in the
relevant market in which it operates or there is a decline in that
market generally.

The Company may encounter difficulties in implementing its business
strategy.

The Company hopes to pursue a strategy of growth through expansion and
business combinations.  It also seeks to continue to shift its mix of
products and services from commercial installation of pavers in Florida
to the installation of pavers in other geographic regions, and in other
commercial and residential marketplaces, with a greater concentration
on residential services.  In addition, it may eventually engage in a
vertical integration within its industry.  Implementation of this
strategy will depend in large part on the Company's ability to finance
and manage growth, identify and integrate new markets and acquisition
targets properly, and market the Company's products and services
successfully.  It will need to:  establish a significant customer base
and maintain favorable relationships with those customers, obtain
adequate financing on favorable terms; establish and maintain
appropriate procedures, policies, and systems; hire or engage, train,
and retain skilled employees and laborers; and foresee and implement
strategies to deal effectively with competition.  If the Company is
unable to achieve any or all of these goals, it will not be able to
implement its business strategy, which would have a material adverse
effect on its results of operations and financial condition.
The Company depends heavily on its key personnel, and the inability to
retain them will adversely affect the business of the Company.
The Company's success depends on the continued availability of its
senior management team, particularly Maurice Sigouin, the Company's
Founder, President, Chief Executive Officer, and Chairman of the Board
of Directors.  The Company has an employment agreement with Mr.
Sigouin.  The loss of any of this or other key employees will have a
material adverse effect on the Company's business and prospects.

The Company does not maintain key man life insurance on its principal
employees.

The Company depends heavily on certain members of management,
including, in particular, Maurice Sigouin, the Company's Founder,
President, Chief Executive Officer and Chairman of the Board of
Directors.  The loss of this or other key employees will have a
material adverse impact on the Company's business and prospects. During
the pendency of any search to replace key employees, the Company will
likely suffer operationally and financially.  The Company does not
maintain reserves to protect against any financial loss in the event of
the loss of a key employee.  Furthermore, the Company does not maintain
key man life insurance with respect to any of its executive employees.
The Company may not be able to attract a sufficient number of
proficient paver installers and other skilled laborers.

For the Company to meet is strategic and business plans, it would need
to experience growth in the size and geographic scope of its operations
and business.  The Company's growth will require it to attract,
motivate and retain highly skilled laborers to install pavers, or to
engage sufficient outside contractors to meet these needs. While the
Company has not experienced any such difficulties to date, there can be
no assurance that the Company will be able to attract and retain the
necessary personnel to meet its business challenges.

Many competitors have faced and continue to experience a lack of
sufficient skilled laborers.  The Company cannot grant assurance that
it will have access to sufficient skilled laborers in a timely fashion,
or at an acceptable price, if at all. While the Company has not
experienced any such difficulties to date, the lack of sufficient
skilled labor will impede the ability of the Company to conduct
operations and generate revenues.

The Company may lose key clients, which would cause a material,
negative effect on its financial condition.

During the fiscal year ended December 31, 2001, the Company generated a
substantial amount of its gross revenue, amounting to approximately
sixteen percent, from two clients. The loss of any one of these clients
or a reduction in the needs of such clients could adversely affect the
financial condition of the Company. There can be no assurance that the
Company will not suffer such a loss or a materially adverse financial
consequence.

The Company has endeavored to diversify its products, services, client
base, and geographic concentration, and is investigating the
possibility of engaging in vertical integration to create further
diversification.  However, the Company cannot grant assurance that
these or any other efforts will reduce the risk associated with losing
a key client.

The Company may be unable to obtain product for installation work from
suppliers, causing an inability to produce revenue and potential client
litigation.

The Company requires a high volume of quality products that are
procured from, and assembled by, third party suppliers. Reliance on
suppliers, as well as industry supply conditions generally, involves
several risks, including the possibility of defective product, shortage
of product, increases in costs and reduced control over delivery
schedules, any or all of which could adversely affect the Company's
financial results. Freight costs for heavy paver materials also impact
the choice of supplier. Occasionally, products may be subject to
allocations and the Company may experience difficulty in obtaining
sufficient quantities of such products. In some cases, alternative
sources of supply may not be readily available. Where alternative
sources are not available, qualification of the alternative suppliers
and establishment of reliable supplies could result in delays. The lack
of availability of timely and reliable supply of products from these
sources could adversely affect the Company's business. In other cases,
the Company may establish a working relationship with a single source,
even when multiple suppliers are available, if it believes it is
advantageous to do so due to performance, quality, support, delivery,
capacity, location, or price considerations. The Company, where
applicable, relies on only one supplier of certain product lines, based
upon location and contractual obligations.

Based on these factors, there can be no assurance that all necessary
products will be readily available or available at suitable prices. The
Company can provide no assurance it will not suffer any business
disruption from an inability to obtain necessary supplies in a cost
efficient and timely manner.  The interruption in supply availability
could materially, negatively impact the Company's reputation, financial
condition and operations.

The Company may not be able to collect accounts receivable or may
retain inadequate reserves for bad debt.

The Company faces a risk that it will be unable to collect accounts
receivable from its clients.  Certain receivables from general
contractors on commercial projects occasionally become difficult to
collect due to industry wide delays that filter down to the
subcontractor level.  The Company faces the risk that its reserves for
bad debt will not be sufficient, which would negatively impact its
financial condition. In the past, the Company has experienced a need to
adjust bad debt reserves and institute collection and reserve policies.

There can be no assurance that the Company will be able to collect its
accounts receivable or predict accurately the levels of uncollectible
receivables to permit it to reserve adequately, which could have a
material adverse impact on the financial statements and condition of
the Company.

The Company and its shareholders face risks associated with
concentration of ownership by management.

Control of the Common Stock of the Company and associated voting rights
are concentrated in the hands of Maurice Sigouin, the Chairman of the
Board of Directors, Chief Executive Officer, and President of the
Company. Management and the majority of directors of the Company may
face the risk of having a conflict of interest. Currently, the Company
leases office space for its Pompano Beach, Florida operations and
headquarters from a corporation of which Mr. Sigouin is the sole
shareholder.  There can be no assurance that shareholders of the Common
Stock of the Company will not be negatively affected by the
concentration of ownership of its Common Shares by the management and
directors of the Company.

The Company faces the risk of default of debt obligations and negative
impacts of restrictive covenants.

The Company has certain debt obligations. These include a line of
credit with a major institutional lender and loans from the senior
officer of the Company, in addition to vendor financing and accounts
payable.  Certain debt obligations may not permit subordination to
other obligations, and other creditors may not be subordinate to any
debt or equity offered by the Company.  In the event of a bankruptcy,
equity holders will share equally with any common shareholders if any
assets remain after payment to creditors.

The Company has not and may not pay dividends to shareholders.

The Company intends to retain future earnings, if any, for corporate
purposes, and does not anticipate declaring or paying any cash
dividends in the foreseeable future. Accordingly, there is no assurance
that any dividends will ever be paid on the Company's Common Stock.

The Company will need additional financing for future capital needs,
which may not be available on favorable terms, if at all.

The Company's capital requirements in connection with conducting its
business, as well as its growth and marketing activities, are
significant. To date, the Company has experienced cash flow
difficulties.  These result primarily from the industry wide practice
of long delays in receiving payment from general contractors who
contract with installers as subcontractors on commercial or residential
home building projects.

If financing does not become available on favorable terms, then the
Company will not have adequate funds to fulfill its long-term strategic
plans.

The Company may conduct placements of its securities to fund its
business plan, including the satisfaction of outstanding debt and
establishing a merger and acquisition program. There can be no
assurance that any offerings will be successful or that the Company may
not in the future require additional funding to continue operations. As
a result, the Company may be required to modify its strategic plan,
curtail operations, limit expansion, or obtain funds by entering into
unfavorable arrangements with collaborative partners or others that may
require it to relinquish rights, including, without limitation, to
certain assets or to control over the Company's management or stock.
Furthermore, additional financing efforts may result in dilution of
equity positions or subordination of debt positions and increased
numbers of creditors in the event of liquidation. The Company cannot
grant assurance that it will have access to the capital markets in the
future, or that financing will be available to it on acceptable terms
to satisfy its cash requirements.  If it cannot obtain necessary
capital, its business and financial condition will be materially and
adversely affected.

The Company could face claims of product liability, personal injury or
other legal claims.

In conducting its business, the Company faces the typical risks
involved in construction-oriented businesses. These include the
potential for product damage, personal injury, automobile accidents,
breaches of contract, and other legal issues. The Company maintains
product liability and automobile insurance.  There can be no assurance
that the Company will be able to obtain or maintain insurance on
acceptable terms such that any insurance will provide adequate coverage
against all potential liabilities.  A loss of insurance coverage or the
assertion of a product liability claim would likely materially
adversely affect the Company's business, financial condition and
results of operations.

The Company may be subject to claims alleging infringement of the
intellectual property rights of others.

The Company is not aware of infringement on intellectual property or
proprietary rights of others. However, it has not conducted any
investigation as to possible infringement.  In addition, it cannot be
sure that a third party will not assert an infringement claim in the
future, or if asserted, that it will be able to defend successfully
against any such claim.  Any such misappropriation or claim could have
a material adverse effect on the Company's future financial results
and/or its ability to operate its business.

Intense competition could impair the Company's financial condition and
operations.

Competition in the construction industry is intense.  Within the paver
installation business, the Company has experienced intense competition,
affecting margins negatively, particularly in the state of Florida.
Competition may become more intense as a result of the introduction of
new competitors, consolidation, price discounting, and possibly
weakening demand. Furthermore, to compete successfully, the Company
must attract and retain a sufficient number of management, sales and
technical personnel with high levels of relevant skills and meaningful
experience. There can be no assurance that the Company will be able to
attract and retain sufficient numbers of personnel as the need for such
employees increases with the Company's anticipated growth, or maintain
or improve its current position with respect to any of these or other
competitive factors.

In addition, many potential competitors have significantly greater
financial, technical, marketing and other resources than the Company
has.  No assurances can be made that existing competitors or other
companies will not provide products or services that could be more
attractive to consumers or companies than those provided by the Company
or that the Company we will be able to respond adequately to the
competitive challenges it faces.  If the Company is unable to respond
adequately to competitive challenges or establish a sustainable
competitive advantage, it may lose market share or be forced to lower
prices to unprofitable levels.

New laws and regulations could negatively impact the industry, causing
increased costs and decreased opportunities to earn revenue.

The Company may face limits on its ability to conduct its business due
to legal and regulatory constraints.  These include, without
limitation, securities, environmental, labor, and antitrust regulation,
in addition to regulations applicable to businesses in general.  The
impact of regulatory scrutiny or constraints could negatively impair
existing or future business.

The lack of a prior public market for the Company's Common Stock and
possible volatility of the market price for the Common Stock creates
investment risk.

The market price for the Company's common stock may fluctuate
significantly in response to a variety of influences, including,
without limitation: variations in quarterly operating results; changes
in financial estimates by securities analysts; changes in market
valuation of competitors or perceived competitors; changes in market
valuation of companies in the concrete paver or architectural landscape
and design industries; announcements of significant contracts,
acquisitions, strategic partnerships, joint ventures or capital
commitments; additions or departures of key personnel; sales of the
Company's securities, including short sales, or termination of stock
transfer restrictions; and fluctuations in trading volume, which are
particularly common among companies listed on the Over-the-Counter
Bulletin Board.  In addition, the stock market has, from time to time,
experienced significant price and volume fluctuations that have
affected the market prices for securities generally. These factors
could materially, negatively impact the liquidity and sales price of
the Company's Common Stock. The Company cannot grant any assurance that
the securities purchased in this Offering will not suffer extreme price
fluctuations, or steep declines in liquidity or stock price, nor can
there be assurance that the Company's stock will achieve the necessary
volume or liquidity to permit ready sales at acceptable price levels.

Sales of the Company's Common Stock in the public market could impair
the ability to complete successful financing efforts.

The sale of shares of the Company's Common Stock in the public market
could cause a reduction in the market price of its Common Stock.  In
addition, there is a limited trading market for the Company's Common
Stock, and the Company has traded under the current name only since the
closing of the acquisition of five paver installation companies on
December 17, 2001. Eventual sales by stockholders of the Company's
Common Stock in the public market once transfer restrictions are lifted
could materially adversely affect the prevailing market price for the
Company's Common Stock. The sale or availability for sale of
substantial amounts of the Company's Common Stock could adversely
affect the market and price for the Common Stock.  In addition to the
number of shares of Common Stock currently outstanding, which may be
available for future resale, the existence of a substantial number of
derivative securities, such as options or warrants, may also adversely
affect any market and price for the Company's Common Stock, the price
for such stock. Furthermore, equity-based incentive compensation plans
for employees may be adopted, beyond management's existing stock and
option owners.  These factors could impair its ability to raise capital
through equity offerings.  Any such sales could also materially
adversely affect the market price for the Company's Common Stock or the
ability of stockholders to sell their shares.

The Company may not be able to maintain its listing on the Over-the-
Counter Bulletin Board.

The Company's Common Stock is currently traded on the Over-the-Counter
Bulletin Board.   Although the Company believes that it will continue
to meet the criteria necessary to maintain such listing, there can be
no assurance that it will be able to do so.  To the extent that the
Company does not maintain such listing, investors will find it more
difficult to dispose of, or to obtain accurate quotations as to the
market price of, the Company's Common Stock.  In addition, failure to
maintain a listing for the Company's Common Stock may constitute an
event of default under corporate agreements. It also may make the
Common Stock ineligible for use as, or make the Common Stock
substantially less attractive as, collateral for loans, for investment
by financial institutions under their internal policies or state legal
investment laws, as consideration in the financing of future
acquisitions of businesses or assets, or for issuance in future capital
raising transactions.

An investment in the Company must be considered to be speculative in
nature.

The Company cannot grant assurance that investors will realize a return
on their investment or that its stockholders will not lose their
investments in the Company in their entirety.  In the event that the
Company is forced to dissolve or commence insolvency proceedings, any
proceeds from the liquidation of assets will be distributed to
stockholders only after the satisfaction of the claims of creditors.
The ability to recover all or any portion of an investment in the
Company's capital stock will depend upon the amount of the dissolution
proceeds.

The Company must comply with penny stock regulations.

The Securities and Exchange Commission has adopted rules that regulate
broker-dealer practices in connection with transactions in "penny
stocks."  The penny stock rules require a broker-dealer, prior to a
transaction in a penny stock not otherwise exempt from those rules,
to deliver a standardized risk disclosure document prepared by the
Securities and Exchange Commission, which specifies information about
penny stocks and the nature and significance of risks of the penny
stock market.  The broker-dealer also must provide the customer with
bid and offer quotations for the penny stock, the compensation of the
broker-dealer and its salesperson in the transaction, and monthly
account statements showing the market value of each penny stock held in
the customer's account.  In addition, the penny stock rules require
that prior to a transaction in a penny stock not otherwise exempt from
those rules, the broker-dealer must make a special written
determination that the penny stock is a suitable investment for the
purchaser and receive the purchaser's written agreement to the
transaction.  These disclosure requirements may have the effect of
reducing the trading activity in the secondary market for a stock that
becomes subject to the penny stock rules. Many brokers have decided not
to trade "penny stock" because of the requirements of the penny stock
rules and, as a result, the number of broker-dealers willing to act as
market makers in such securities is limited and may decline further due
to potential additional NASDAQ rules. The penny stock rules may render
the sale of shares by a stockholder more difficult.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.


PART II: OTHER INFORMATION.

Item 1. Legal Proceedings.

The Company knows of no material legal proceedings at this time.
Periodically, the Company becomes party to legal claims that arise in
the ordinary course of business.

Item 2. Changes in Securities and Use of Proceeds.

On April 12, 2002, the Company conducted a private placement of equity
securities.  Under the terms of the subscription agreement, the Company
received consideration equivalent to $1,000,000, in exchange for
4,000,000 shares of common stock, $0.00001 par value, and a warrant to
purchase 1,500,000 shares of common stock, $0.00001 par value. The
shares of common stock were issued on April 18, 2002.  The warrant is
exercisable beginning six months and ending thirty months after April
17, 2002, at a price equal to a 30% discount to the average closing bid
price of the common stock of the Company as trading on the over-the-
counter bulletin board market, for a period of 10 days prior to
exercise, not to exceed $1.00. The Company believes that the sale of
the Common Stock was exempt from registration under section 4(2) of the
Securities Act of 1933, as amended, and Rule 506 promulgated thereunder
by the Securities and Exchange Commission.  The Company has agreed to
file a registration statement for the shares issued and underlying the
warrant to be effective on or before December 31, 2002.  The Company
has used the proceeds to reduce debt and to fund working capital needs
and expansion.

The Company entered into an Acquisition Agreement on October 11, 2001,
a copy of which was filed with the Securities and Exchange Commission
as an Exhibit to a Report on Form 8-K on October 17, 2001.  The
acquisition closed on December 17, 2001, as reported on a Report on
Form 8-K filed with the Securities and Exchange Commission on January
4, 2002.  Under the terms of the Acquisition Agreement, the Company
acquired five corporations, which became operating subsidiaries of the
Company, in exchange for a total of 20,000,000 shares of common stock,
$0.00001 par value, to be issued to certain directors, officers and
consultants of Company.  The financial statements for the year have
assumed the issuance of such shares for the purpose of determining
earnings per share and other equity-related calculations.  The number
of shares had been placed in reserve pending actions by the board of
directors to authorize the transfer of shares.  On April 25, 2002, at
the direction of the board of directors, the Company issued 17,360,000
shares of common stock, par value $0.00001, in accordance with the
Acquisition Agreement, of which 16,040,000 shares were issued to
Maurice Sigouin, the Chief Executive Officer, President, and Chairman
of the Board of Directors, and 1,320,000 shares were issued to Jace
Simmons, the Executive Vice President of Finance, Chief Financial
Officer and a Director of the Company.

Item 3. Defaults Upon Senior Securities.

The Company did not default on any obligations under any senior
securities during the fiscal quarter.

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

The Company did not submit any matters to a vote of security holders
during the fiscal quarter.

Item 5. Other Information.

Not applicable.

Item 6. Exhibits and Reports on Form 8-K.

No exhibits are annexed to this Report on Form 10-Q.  The Company did
not file any reports on Form 8-K during the fiscal quarter.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

PAVING STONE CORPORATION
Dated: May 15, 2002
By: /s/ Jace Simmons
Jace Simmons, Executive Vice
President-Finance, Chief Financial
Officer, and Director