UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

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

         For the quarterly period ended September 30, 2004

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

         For the transition period from ____ to _____

                                           Commission file no. 333-33890

                         POWER SAVE INTERNATIONAL, INC.
                ------------------------------------------------
                (Name of Registrant as specified in its charter)

         Nevada                           333-33890              88-0227424
-------------------------------     ---------------------    -------------------
(State or other jurisdiction of     (Commission File No.)       (IRS Employer
incorporation or organization)                               Identification No.)

       5800 NW 64 Avenue, Bldg. 26, #109, Tamarac, FL 33319 (954)722-1615
       ------------------------------------------------------------------
          (Address and Telephone Number of Principal Executive Offices)

Check whether the issuer has (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 [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

           CLASS                                Outstanding at November 15, 2004
----------------------------                    --------------------------------
Common Stock $.001 Par Value                                6,414,149

<PAGE>

Item 1: Financial Statements

                         POWER SAVE INTERNATIONAL, INC.

                                TABLE OF CONTENTS

PAGE(S)               3      ITEM 1. FINANACIAL STATEMENTS

PAGE(S)     4      CONDENSED BALANCE SHEET AS OF SEPTEMBER 30, 2004 (UNAUDITED)

PAGE(S)     5      CONDENSED  STATEMENTS OF OPERATIONS
                   FOR THE THREE AND NINE MONTHS ENDED
                   SEPTEMBER 30, 2004 AND 2003 (UNAUDITED)

PAGE(S)    6-7     CONDENSED STATEMENTS OF CASH FLOWS
                   FOR THE NINE MONTHS ENDED
                   SEPTEMBER 30, 2004 AND 2003 (UNAUDITED)

PAGE(S)     8      NOTES TO CONDENSED FINANCIAL STATEMENTS AS OF
                   SEPTEMBER 30, 2004 (UNAUDITED)

PAGE(S)    9-11    ITEM 2. MANAGEMENT'S DISCUSSION AND
                        ANALYSIS OR PLAN OF OPERATION

PAGE(S)    11      ITEM 3. CONTROLS AND PROCEDURES

PAGE(S)    11      PART II- OTHER INFORMATION

PAGE(S)    11      ITEM 1. LEGAL PROCEEDINGS

PAGE(S)    11      ITEM 2. CHANGES IN SECURITIES

PAGE(S)    11      ITEM 3. DEFAULTS UPON SENIOR SECURITIES

PAGE(S)    11      ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

PAGE(S)    11      ITEM 5. OTHER INFORMATION

PAGE(S)    11      ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
                           (a) Exhibits


                                       2
<PAGE>


Item 1. Financial Statements

As used herein, the term "Company" refers to Power Save International, Inc., a
Nevada corporation, and predecessors unless otherwise indicated. Unaudited,
condensed interim financial statements including a balance sheet for the Company
as of the quarter ended September 30, 2004 and statements of operations, and
statements of cash flows for the interim period up to the date of such balance
sheet and the comparable period of the preceding year are attached hereto and
are incorporated herein by this reference.

BASIS OF PRESENTATION

The accompanying unaudited financial statements are presented in accordance with
accounting principles generally accepted in the United States of America for
interim financial information and the instructions for Form 10-QSB and Item 310
under subpart A of Regulation S-B. Accordingly, they do not include all of the
information and footnotes required by accounting principles generally accepted
in the United States of America for complete financial statements. The
accompanying statements should be read in conjunction with the audited financial
statements for the year ended December 31, 2003. In the opinion of management,
all adjustments (consisting only of normal occurring accruals) considered
necessary in order to make the financial statements not misleading have been
included. Operating results for the nine months ended September 30, 2004 are not
necessarily indicative of results that may be expected for the year ended
December 31, 2004. The financial statements are presented on the accrual basis.

                                       3
<PAGE>
                         POWER SAVE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             CONDENSED BALANCE SHEET
                               SEPTEMBER 30, 2004
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                 ASSETS

<S>                                                                                          <C>
CURRENT ASSETS                                                                               $        --
                                                                                             -----------

TOTAL ASSETS                                                                                 $        --
                                                                                             ===========

                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accounts Payable                                                                            $    92,207

                                                                                             -----------

      Total Current Liabilities                                                                   92,207

STOCKHOLDERS' EQUITY  (DEFICIT)
 Preferred stock; 50,000,000 shares authorized; $.001 Par Value; 296,300 shares
    issued and outstanding at September 30, 2004                                                     296
 Capital stock, $.001 Par Value; 50,000,000 shares authorized; 6,414,149 shares issued and
    outstanding at September 30, 2004                                                              6,414
 Additional paid-in capital                                                                    1,868,503
 Deficit accumulated during the development stage                                             (1,967,420)
                                                                                             -----------

     Total Stockholders' Deficit                                                                 (92,207)

TOTAL LIABILITIES AND STOCKHOLDERS'  DEFICIT                                                 $        --
                                                                                             ===========
</TABLE>

    See accompanying notes to the unaudited condensed financial statements.

                                       4
<PAGE>
                         POWER SAVE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                 For the         For the       For the       For the
                                                  Three           Three         Nine          Nine
                                                  Months          Months        Months        Months        nception
                                                  Ended           Ended          Ended         Ended         through
                                                September       September      September     September      September
                                                30, 2004        30, 2003       30, 2004      30, 2003       30, 2004
                                                ---------       ---------      ---------     ---------    -----------
<S>                                             <C>             <C>            <C>           <C>          <C>
NET SALES                                       $      --       $      --      $      --     $      --    $   591,656

COST OF SALES                                          --              --             --            --        352,207
                                                ---------       ---------      ---------     ---------    -----------

GROSS MARGIN                                           --              --             --            --        239,449
                                                ---------       ---------      ---------     ---------    -----------

EXPENSES
   Research and Development                            --              --             --            --        119,554
   Reserve Against Product Rights                      --              --             --            --        244,000
   Depreciation and Amortization                       --             250             --           750        550,510
   General and Administrative Expenses              7,967          13,077         38,592        38,494      1,043,342
                                                ---------       ---------      ---------     ---------    -----------

TOTAL OPERATING EXPENSES                            7,967          13,327         38,592        39,244      1,957,406
                                                ---------       ---------      ---------     ---------    -----------

NET LOSS FROM OPERATIONS                           (7,967)        (13,327)       (38,592)      (39,244)    (1,717,957)
                                                ---------       ---------      ---------     ---------    -----------

OTHER INCOME (EXPENSE)
   Gain(loss) on Sale of Marketable Securities         --          (5,497)            --        (9,832)       167,206
   Write down of Marketable Securities                 --              --             --            --       (364,326)
   Nonrefundable Option Income                         --              --             --            --         23,000
   Interest Expense                                    --            (450)            --          (950)      (115,134)
   Dividend and Interest Income                        --              26             --            34         13,004
   Other Income                                        --           1,684             --         1,684          1,684
   Forgiveness of Debt                                 --          25,103             --        25,103         25,103
                                                ---------       ---------      ---------     ---------    -----------

TOTAL OTHER LOSS                                       --          20,866             --        16,039       (249,463)
                                                ---------       ---------      ---------     ---------    -----------

NET LOSS BEFORE INCOME TAXES                       (7,967)          7,539        (38,591)      (23,205)    (1,967,420)

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

NET INCOME (LOSS)                                  (7,967)      $   7,539      $ (38,591)    $ (23,205)   $(1,967,420)
                                                ---------       ---------      ---------     ---------    -----------

BASIC AND DILUTED
LOSS PER SHARE                                         --       $      --      $      --     $      --    $     (0.31)
                                                ---------       ---------      ---------     ---------    -----------

WEIGHTED AVERAGE SHARES OUTSTANDING             6,414,149       6,414,149      6,414,149     6,414,149      6,414,149
                                                =========       =========      =========     =========    ===========
</TABLE>

     See accompanying notes to the unaudited condensed financial statements.

                                       5
<PAGE>
                         POWER SAVE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                            For the           For the
                                                             Nine              Nie
                                                             Months            Months          Inception
                                                             Ended             Ended            Through
                                                           September         September         September
                                                            30, 2004         30, 2003          30, 2004
                                                           ---------         ---------        ----------
<S>                                                         <C>              <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net Loss                                                   $(38,592)        $(23,205)        (1,967,420)
 Adjustments to reconcile net loss from net cash
    used in operating activities:
    Depreciation and amortization                                 --              750            550,510
    Common Stock Issued for Lease                                 --               --            225,000
    (Gain) Loss on Sale of Securities                             --            9,832           (167,206)
    Write down of Marketable Securities                           --               --            364,326
    Contributed Interest                                          --               --             70,018
    Contributed Rent and Officer Compensation                     --               --            110,000
    Reserve against Assets and Liabilities                        --               --            244,000
 Changes in Assets and Liabilities:
    Increase (Decrease) in Accounts Payable                   38,592            3,923             91,551
    Increase (Decrease) in Accrued Interest                       --           (8,708)            32,382
    Increase (Decrease) in Advances from Shareholder              --           12,645            (19,079)
                                                            --------         --------         ----------

       Net Cash Used By Operating Activities                      --           (4,763)          (465,918)
                                                            --------         --------         ----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Product Rights, Development Costs and Intangibles               --               --           (244,000)
  Purchase of Fixed Assets                                        --               --            (15,478)
  Increase in Organization Costs                                  --               --            (36,408)
  Purchase of Marketable Securities                               --               --            (20,056)
  Proceeds from Sale of Marketable Securities                     --              182            404,266
                                                            --------         --------         ----------

       Net Cash Provided By  Investing Activities                 --              182             88,324
                                                            --------         --------         ----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from Issuance of Common Stock, net                     --               --            366,050
  Contributed Capital                                             --               --             11,544
                                                            --------         --------         ----------

       Net Cash Provided By Financing Activities                  --               --            377,594
                                                            --------         --------         ----------

NET INCREASE (DECREASE) IN CASH                                   --           (4,581)                --

CASH - BEGINNING OF PERIOD                                        --            4,581                 --
                                                            --------         --------         ----------

CASH - END OF PERIOD                                        $     --               --                 --
                                                            ========         ========         ==========
</TABLE>

    See accompanying notes to the unaudited condensed financial statements.

                                       6
<PAGE>
                         POWER SAVE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                              For the Nine      For the Nine         Inception
                                                                              Months Ended      Months Ended          Through
                                                                               September         September          September
                                                                               30, 2004           30, 2003           30, 2004
                                                                           ---------------    --------------    ----------------
<S>                                                                       <C>                 <C>               <C>

SUPPLEMENTAL CASH FLOW INFORMATION:

  Stock Issued In Exchange for Goods and Services and Marketable
  Securities                                                              $             --    $           --    $        601,200
                                                                           ===============    ==============    ================

  Stock Issued In Exchange for License Fee                                $             --    $           --    $        500,000
                                                                           ===============    ==============    ================

  Cash Paid for Interest                                                  $             --    $        1,302    $          1,302
                                                                           ===============    ==============    ================

  Cash Paid for Income Taxes                                              $             --    $           --    $             --
                                                                           ===============    ==============    ================
</TABLE>

     See accompanying notes to the unaudited condensed financial statements.

                                       7
<PAGE>
                         POWER SAVE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1   BASIS OF PRESENTATION

         The interim financial statements at September 30, 2004 and for the nine
         month and three month periods ended September 30, 2004 and 2003 are
         unaudited, but include all adjustments which the Company considers
         necessary for a fair presentation. The accompanying unaudited financial
         statements are for the interim periods and do not include all
         disclosures normally provided in annual financial statements, and
         should be read in conjunction with the Company's Form 10-KSB for the
         year ended December 31, 2003. The accompanying unaudited interim
         financial statements for the three month and nine month periods ended
         September 30, 2004 and 2003, are not necessarily indicative of the
         results which can be expected for the entire year.

         The preparation of financial statements in conformity with generally
         accepted accounting principles in the United States of America requires
         management to make estimates and assumptions that affect the reported
         amounts of 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.

NOTE 2   DISPOSITION OF ASSETS

         In August 2004, Scott Balmer, the majority shareholder accepted all the
         assets of the Company as settlement of all the debt owed him. This
         resulted in the Company recording forgiveness of debt in the amount of
         $25,103.

NOTE 3   GOING CONCERN

         The Company's condensed financial statements have been presented on the
         basis that it is a going concern, which contemplates the realization of
         assets and the satisfaction of liabilities in the normal course of
         business. The Company has a net loss from operations of $38,592, and
         negative working capital of $92,207, and a stockholders' deficit of
         $92,207 at September 30, 2004. These matters raise substantial doubt
         about its ability to continue as a going concern. The consolidated
         financial statements do not include any adjustments that might be
         necessary if the Company is unable to continue as a going concern.

         Management believes that actions presently taken to expand its future
         operations and raise capital provide the opportunity for the Company to
         continue as a going concern.

                                       8
<PAGE>
                                                         9
Item 2. Management's Discussion and Analysis of Financial Conditions and
Results of Operations

The following discussion and analysis should be read in conjunction with our
financial statements and the accompanying notes. The following discussion and
analysis contains forward-looking statements, which involve risks and
uncertainties in the forward-looking statements. These forward-looking
statements may be impacted, either positively or negatively, by various factors.

Our actual results may differ significantly from the results, expectations and
plans discussed. This Report contains "forward looking statements" relating to
our company's current expectations and beliefs. These include statements
concerning operations, performance, financial condition, anticipated
acquisitions and anticipated growth.

Without limiting the generality of the foregoing, words such as "may", "will",
"would", "expect", "believe", "anticipate", "intend", "could", "estimate", or
"continue", or the negative or other variation thereof or comparable terminology
are intended to identify forward-looking statements. These statements by their
nature involve substantial risks and uncertainties which are beyond our
company's control. Should one or more of these risks or uncertainties
materialize or should our company's underlying assumptions prove incorrect,
actual outcomes and results could differ materially from those indicated in the
forward-looking statements.

General

Management is formulating the basis for acquisitions to complete its previously
announced business plan. Additional opportunities have arisen that may allow the
Company to expand the scope of business operations and more readily allow it to
acquire the capital it requires. No actual operations other than these have been
performed and none are anticipated until 2005.

Results of Operations

There were no revenues for the three and nine months ended September 30, 2004 or
the three and nine months ended September 30, 2003.

General and administrative expenses increased for the three and nine months
ended September 30, 2004 compared to the same periods in 2003. These expenses
were $7,967 and $38,592 for the three and nine months ended September 30, 2004
and $13,077 and $38,494 for the same periods in 2003, respectively. The decrease
for the three months ended September 30, 2004 over the same period in 2003 came
from a decrease in compensation of $8,000 and an increase in management fees of
$3,000.

                                       9
<PAGE>
                                                         10
For the three and nine months ended September 30, 2004 we recorded net income
(loss) (7,967) and $(38,592), respectively. This compares with net income (loss)
of $7,539 and $(23,205) during the corresponding prior periods in 2003. The
Company is still in the developmental stage and is expected to continue to have
losses until operational businesses are introduced during fiscal year 2005.

Liquidity

During the three months ended September 30, 2004, the Company's working capital
decreased. This was due to the accrual of additional expenses and the lack of
any infusion of capital. The Company does not currently have sufficient capital
in its accounts, nor sufficient firm commitments for capital to assure its
ability to meet its current obligations or to continue its planned operations.
The Company is continuing to pursue working capital and additional revenue
through the active search for the capital it needs to carry on its planned
operations. There is no assurance that any planned activities will be
successful.

Capital Resources

As a result of its limited liquidity, the Company has limited access to
additional capital resources. The Company does not have the capital to totally
fund the obligations that have matured to any of its creditors and shareholders.

Though the obtaining of the additional capital is not guaranteed, the management
of the Company believes it will be able to obtain the capital required to meet
its current obligations and actively pursue its planned business activities
through the sale of its registered securities.

Operations

The operations of the Company are currently dormant. Until the Company obtains
the capital required to develop any properties or businesses and obtains the
revenues needed from its future operations in order to meet its obligations, the
Company will be dependent upon sources other than operating revenues to meet its
operating and capital needs.

Item 3. Controls and Procedures

Based on an evaluation by Mr. Smith, the chief financial officer of the company,
conducted as of a date within 90 days of the filing date of this quarterly
report, of the effectiveness of the company's disclosure controls and procedures
it has been concluded that, as of the evaluation date, (i) there were no
significant deficiencies or material weaknesses of the company's disclosure
controls and procedures, (ii) there were no significant changes in the internal
controls or in other factors that could significantly affect internal controls
subsequent to the evaluation date, and (iii) no corrective actions were required
to be taken.

                                       10
<PAGE>

The Company had no revenue during the first three quarters of 2004 and 2003. The
Company has been dormant in its operations and is currently pursuing business
combinations or the required capital needed to have current operations.

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

         None

Item 2.  Change in Securities

         No changes in securities have occurred since the Company's last report
         as of June 30, 2004.

Item 3.  Defaults Upon Senior Securities.

         None

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

         None

Item 5.  Other information.

         None.

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

         (a) Exhibits.
             ---------

               31.01 President and CFO certification Pursuant to 18 USC
                     Section 1350, as adopted pursuant to Section 302 of
                     Sarbanes-Oxley Act of 2003

               32.01 President and CFO certification pursuant to section 906

         (b) Reports on From 8-K.
             --------------------
             None

                                       11
<PAGE>

SIGNATURES

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

Power Save International, Inc.

/s/ Russell L. Smith
--------------------
BY: Russell L. Smith, President, Chief Financial Officer and Director
Dated: This 15th day of November 2004

                                       12