SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-QSB

--------------------------------------------------------------------------------
(Mark one)

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

    For the quarterly period ended April 30, 2005

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

    For the transition period from ______________ to _____________

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                        Commission File Number: 000-30071


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

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

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

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

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Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. YES [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: June 9, 2005: 25,171,865

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

                Form 10-QSB for the Quarter ended April 30, 2005

                                Table of Contents


                                                                            Page
                                                                            ----
PART I - FINANCIAL INFORMATION

   Item 1  Financial Statements                                               3

   Item 2  Management's Discussion and Analysis or Plan of Operation         16

   Item 3  Controls and Procedures                                           18


PART II - OTHER INFORMATION

   Item 1  Legal Proceedings                                                 19

   Item 2  Unregistered Sales of Equity Securities and Use of Proceeds       19

   Item 3  Defaults Upon Senior Securities                                   19

   Item 4  Submission of Matters to a Vote of Security Holders               19

   Item 5  Other Information                                                 19

   Item 6  Exhibits                                                          19

SIGNATURES                                                                   19

                                       2
<PAGE>
                                     PART I

ITEM 1 - FINANCIAL STATEMENTS

                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                             April 30, 2005 and 2004

                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                          April 30,             April 30,
                                                                            2005                  2004
                                                                         -----------           -----------
<S>                                                                      <C>                   <C>
                                     ASSETS
CURRENT ASSETS
   Cash on hand and in bank                                              $    52,158           $    33,752
   Accounts receivable
   Trade, net of allowance for doubtful accounts
    of approximately $13,882 and $14,230, respectively                       235,864               488,571
   Other                                                                       8,544                 8,077
   Inventories                                                               252,673               315,367
   Prepaid expenses                                                               --                 2,452
                                                                         -----------           -----------
      TOTAL CURRENT ASSETS                                                   549,239               848,219
                                                                         -----------           -----------
PROPERTY AND EQUIPMENT - AT COST,
 NET OF ACCUMULATED DEPRECIATION                                             122,868               154,110
                                                                         -----------           -----------
OTHER ASSETS
   Funds held in trust by officer                                             53,400                53,400
   Refundable deposits                                                         4,800                 4,800
                                                                         -----------           -----------
      TOTAL OTHER ASSETS                                                      58,200                58,200
                                                                         -----------           -----------

TOTAL ASSETS                                                             $   730,307           $ 1,060,529
                                                                         ===========           ===========

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
   Notes payable to investors                                            $    49,000           $    43,000
   Current maturity of capital lease payable                                   4,566                 4,185
   Accounts payable - trade                                                  457,481               380,130
   Other accrued expenses                                                     39,375                40,311
   Management fee payable to majority shareholder                            270,000               150,000
   Advances from majority shareholder                                         16,000                16,000
                                                                         -----------           -----------
      TOTAL CURRENT LIABILITIES                                              836,422               633,626
                                                                         -----------           -----------

LONG-TERM DEBT
   Notes payable to investors, net of current maturities                      19,000                27,000
   Capital lease payable, net of current maturities                            4,652                 8,911
                                                                         -----------           -----------
      TOTAL LIABILITIES                                                      860,074               669,537
                                                                         -----------           -----------
COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)
   Common stock - $0.001 par value
     100,000,000 shares authorized
     25,171,865 and 25,021,865 shares issued and outstanding                  25,172                25,022
   Additional paid-in capital                                              5,152,423             5,146,573
   Accumulated deficit                                                    (5,307,362)           (4,780,603)
                                                                         -----------           -----------
      TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                  (129,767)              390,992
                                                                         -----------           -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                     $   730,307           $ 1,060,529
                                                                         ===========           ===========
</TABLE>
   The financial information presented herein has been prepared by management
           without audit by independent certified public accountants.
              The accompanying notes are an integral part of these
                       consolidated financial statements.

                                       3
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
          CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
                   Three months ended April 30, 2005 and 2004

                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                          Three months           Three months
                                                            ended                  ended
                                                           April 30,              April 30,
                                                             2005                   2004
                                                         ------------           ------------
<S>                                                      <C>                    <C>
REVENUES - net of returns and allowances                 $    375,216           $    791,111
COST OF SALES                                                (374,639)              (683,469)
                                                         ------------           ------------

GROSS PROFIT                                                      577                107,642
                                                         ------------           ------------

OPERATING EXPENSES
   Selling, general and administrative expenses               146,873                161,945
                                                         ------------           ------------

LOSS FROM OPERATIONS                                         (146,296)               (54,303)

OTHER INCOME
   Interest and other income (expense) - net                   (1,848)                (1,798)
                                                         ------------           ------------

LOSS BEFORE PROVISION FOR INCOME TAXES                       (148,144)               (56,101)

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

NET LOSS                                                     (148,144)               (56,101)

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

COMPREHENSIVE LOSS                                       $   (148,144)          $    (56,101)
                                                         ============           ============
Net loss per weighted-average share
 of common stock outstanding, calculated
 on Net Loss - basic and fully diluted                   $      (0.01)                   nil
                                                         ============           ============
Weighted-average number of shares
 of common stock outstanding                               25,171,865             25,021,865
                                                         ============           ============
</TABLE>

   The financial information presented herein has been prepared by management
           without audit by independent certified public accountants.
              The accompanying notes are an integral part of these
                       consolidated financial statements.

                                       4
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   Three months ended April 30, 2005 and 2004

                                   (UNAUDITED)

                                                  Three months      Three months
                                                     ended              ended
                                                   April 30,          April 30,
                                                     2005               2004
                                                   ---------          ---------
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss for the period                         $(148,144)         $ (56,101)
   Adjustments to reconcile net loss to net cash
    provided by operating activities
     Depreciation and amortization                     7,325              9,476
   (Increase) Decrease in
     Accounts receivable - trade and other            68,779           (116,919)
     Inventory                                           761              7,696
     Prepaid expenses and other                          384                240
   Increase (Decrease) in
     Accounts payable                                 35,676             93,357
     Other accrued expenses                             (387)            (2,143)
     Accrued management fees to parent company        30,000             30,000
                                                   ---------          ---------
NET CASH USED IN OPERATING ACTIVITIES                 (5,606)           (34,394)
                                                   ---------          ---------
CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of property and equipment                 (1,053)            (6,033)
                                                   ---------          ---------
NET CASH USED IN INVESTING ACTIVITIES                 (1,053)            (6,033)
                                                   ---------          ---------
CASH FLOWS FROM FINANCING ACTIVITIES
   Payments on notes payable to investors                 --             (5,000)
   Payments on long-term capital lease                (1,088)            (1,335)
                                                   ---------          ---------
NET CASH USED IN FINANCING ACTIVITIES                 (1,088)            (6,335)
                                                   ---------          ---------

INCREASE (DECREASE) IN CASH                           (7,747)           (46,762)
Cash at beginning of period                           59,905             80,514
                                                   ---------          ---------

CASH AT END OF PERIOD                              $  52,158          $  33,752
                                                   =========          =========
SUPPLEMENTAL DISCLOSURE OF
 INTEREST AND INCOME TAXES PAID
   Interest paid for the period                    $   4,618          $   4,618
                                                   =========          =========
   Income taxes paid for the period                $      --          $      --
                                                   =========          =========

SUPPLEMENTAL DISCLOSURE OF NON-CASH
   INVESTING AND FINANCING ACTIVITIES              $      --          $      --
                                                   =========          =========

   The financial information presented herein has been prepared by management
           without audit by independent certified public accountants.
              The accompanying notes are an integral part of these
                       consolidated financial statements.

                                       5
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - ORGANIZATION AND DESCRIPTION OF BUSINESS

KIK Technology  International,  Inc. (KTII) was incorporated on February 1, 2000
under   the  laws  of  the   State   of   California   as   Russian-Imports.com.
Russian-Imports.com  was  initially  founded to develop an  internet  e-commerce
website which would sell handmade  lacquer  boxes,  Matroshka  dolls and crystal
imported from Russia.  This business plan was  unsuccessful  and,  subsequently,
terminated.  On September 4, 2001,  KTII (formerly  Russian-Imports.com)  issued
16,700,000  shares  of  restricted,   unregistered  common  stock  to  KIK  Tire
Technologies,  Inc. (a publicly-owned Canadian corporation) (KTTI) for 100.0% of
the  issued  and  outstanding  stock of KIK  Technology,  Inc.  (a  wholly-owned
subsidiary of KTTI). By virtue of this transaction,  KIK Technology, Inc. became
a  wholly-owned  subsidiary  of  KTII  and  KTTI  became  an  approximate  73.6%
shareholder  in KTII.  Concurrent  with  this  transaction,  Russian-Imports.com
changed it's corporate name to KIK Technologies International, Inc.

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

In prior years, the Company's  principal raw materials are purchased from a sole
supplier was also a major customer for the Company's  products.  In the event of
any  disruption  in the  availability  of raw  materials  or a  market  for  the
Company's  products  purchased  by this key  supplier,  the  Company  could have
experienced a negative  economic  impact.  The Company is developing  additional
sources of supply of it's key raw materials  comparable prices and management is
seeking other avenues of  distribution  of the Company's  products to consumers.
Management  is of the opinion that no  interruption  of either raw  materials or
product demand will occur.

NOTE B - PREPARATION OF FINANCIAL STATEMENTS

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

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting period. Actual results could differ from those estimates.

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

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

During interim periods, the Company follows the accounting policies set forth in
its annual  audited  financial  statements  filed with the U. S.  Securities and
Exchange  Commission  on its Annual  Report on Form  10-KSB/A for the year ended
January 31, 2005.  The  information  presented  within these  interim  financial
statements  may not  include all  disclosures  required  by  generally  accepted
accounting  principles  and the  users of  financial  information  provided  for
interim periods should refer to the annual  financial  information and footnotes
when reviewing the interim financial results presented herein.

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE B - PREPARATION OF FINANCIAL STATEMENTS - CONTINUED

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in  accordance  with the U. S.  Securities  and  Exchange  Commission's
instructions   for  Form  10-QSB,   are   unaudited  and  contain  all  material
adjustments,  consisting  only of  normal  recurring  adjustments  necessary  to
present fairly the financial condition,  results of operations and cash flows of
the Company for the respective  interim  periods  presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year ending January 31, 2006.

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

These  financial  statements  reflect  the books and  records of KIK  Technology
International,  Inc. (formerly  Russian-Imports.com)  (KTII) and KIK Technology,
Inc.  (KTI)  as  of  and  for  the  periods  ended  April  30,  2005  and  2004,
respectively.  All significant intercompany transactions have been eliminated in
consolidation. The consolidated entities are referred to as Company.

NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. CASH AND CASH EQUIVALENTS

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

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

2. ACCOUNTS RECEIVABLE AND REVENUE RECOGNITION

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

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

3. INVENTORY

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

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

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

4. PROPERTY AND EQUIPMENT

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

     In accordance  with  Statement of Financial  Accounting  Standards No. 144,
     "Accounting  for the  Impairment  or Disposal of  Long-Lived  Assets",  the
     Company  follows the policy of evaluating  all property and equipment as of
     the end of each reporting quarter.  For each of the years ended January 31,
     2004 and 2003 and during the quarter  ended April 30,  2005,  no charges to
     operations  were made for impairments in the future benefit of property and
     equipment.

5. INCOME TAXES

     The Company uses the asset and liability  method of  accounting  for income
     taxes.  At April 30, 2005 and 2004, the deferred tax asset and deferred tax
     liability accounts,  as recorded when material to the financial statements,
     are  entirely the result of temporary  differences.  Temporary  differences
     represent  differences in the recognition of assets and liabilities for tax
     and financial reporting purposes,  primarily  accumulated  depreciation and
     amortization, allowance for doubtful accounts and vacation accruals.

     As of April 30,  2005 and 2004,  the  deferred  tax  asset  related  to the
     Company's net operating loss carryforward is fully reserved.

6. ADVERTISING COSTS

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

7. EARNINGS (LOSS) PER SHARE

     Basic  earnings  (loss) per share is computed  by  dividing  the net income
     (loss) available to common shareholders by the  weighted-average  number of
     common shares  outstanding  during the respective  period  presented in our
     accompanying financial statements.

     Fully diluted earnings (loss) per share is computed similar to basic income
     (loss) per share  except that the  denominator  is increased to include the
     number of common  stock  equivalents  (primarily  outstanding  options  and
     warrants).

     Common  stock  equivalents  represent  the  dilutive  effect of the assumed
     exercise of the outstanding stock options and warrants,  using the treasury
     stock method, at either the beginning of the respective period presented or
     the date of  issuance,  whichever  is later,  and only if the common  stock
     equivalents  are  considered  dilutive  based upon the Company's net income
     (loss) position at the calculation date.

      As of April 30,  2005 and 2004,  the  Company's  issued  and  outstanding,
     warrants,  options and convertible debt are considered  antidilutive due to
     the Company's net operating loss position.

8. EMPLOYEE STOCK OPTIONS

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

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

8. EMPLOYEE STOCK OPTIONS - CONTINUED

     In December 2002, FASB issued Statement of Financial  Accounting  Standards
     No.  148  "Accounting   for  Stock-Based   Compensation  -  Transition  and
     Disclosure"  (SFAS  148).  This  statement  amends  SFAS  123 and  provides
     alternative  methods of transition for a voluntary change to the fair value
     based method of accounting  for  stock-based  employee  compensation.  This
     statement  also amends the disclosure  requirements  of SFAS 123 to require
     more prominent and frequent  disclosures in financial  statements about the
     effects of stock-based  compensation.  The  transition  guidance and annual
     disclosure  provisions of SFAS 148 are  effective for financial  statements
     issued for fiscal years ending after December 15, 2002.  Effective November
     1, 2003,  the first day of the  reporting  quarter  including the effective
     date of SFAS 148, the Company's  Board of Directors,  in  conjunction  with
     public  opinion and SFAS 148,  elected to expense the imputed  compensation
     cost related to any stock options granted during Fiscal 2003 and for future
     periods.  The Company did not issue any stock options during Fiscal 2004 or
     Fiscal 2003 and the adoption of SFAS 148 did not have a material  impact on
     our results of operations or financial condition.

9. NEW AND PENDING ACCOUNTING PRONOUNCEMENTS

     In December  2003,  the Financial  Accounting  Standards  Board issued FASB
     Interpretation  Number 46-R  "Consolidation of Variable Interest Entities."
     FIN 46-R, which modifies certain  provisions and effective dates of FIN 46,
     sets for the criteria to be used in determining  whether an investment is a
     variable interest entity should be consolidated. These provisions are based
     on the general  premise that if a company  controls  another entity through
     interests other than voting interests,  that company should consolidate the
     controlled  entity.  The Company believes that currently,  it does not have
     any material  arrangements  that meet the definition of a variable interest
     entity which would require consolidation.

     In November  2004,  the FASB issued SFAS 151,  "Inventory  Costs." SFAS 151
     amends  the  accounting  for  abnormal  amounts of idle  facility  expense,
     freight,  handling costs, and wasted material (spoilage) under the guidance
     in ARB 43, Chapter 4, "Inventory  Pricing."  Paragraph 5 of ARB 43, Chapter
     4, previously stated that "...under some circumstances,  items such as idle
     facility expense,  excessive spoilage, double freight, and rehandling costs
     may be so abnormal as to require  treatment as current period  charges...."
     This  Statement  requires that those items be recognized as  current-period
     charges  regardless of whether they meet the criterion of "so abnormal." In
     addition,  this  Statement  requires that  allocation  of fixed  production
     overheads to the costs of conversion be based on the normal capacity of the
     production  facilities.  This  statement is effective for  inventory  costs
     incurred during fiscal years beginning after June 15, 2005. Management does
     not expect  adoption of SFAS 151 to have a material impact on the Company's
     financial statements.

     In December  2004,  the FASB issued SFAS 152,  "Accounting  for Real Estate
     Time-Sharing  Transactions."  The FASB issued this Statement as a result of
     the  guidance   provided  in  AICPA   Statement  of  Position  (SOP)  04-2,
     "Accounting for Real Estate Time-Sharing Transactions." SOP 04-2 applies to
     all real  estate  time-sharing  transactions.  Among other  items,  the SOP
     provides  guidance on the  recording of credit  losses and the treatment of
     selling costs, but does not change the revenue recognition guidance in SFAS
     66,  "Accounting  for Sales of Real  Estate," for real estate  time-sharing
     transactions.  SFAS 152  amends  Statement  66 to  reference  the  guidance
     provided in SOP 04-2.  SFAS 152 also amends SFAS 67,  "Accounting for Costs
     and Initial Rental Operations of Real Estate  Projects",  to state that SOP
     04-2 provides the relevant guidance on accounting for incidental operations
     and costs  related to the sale of real  estate  time-sharing  transactions.
     SFAS 152 is  effective  for  years  beginning  after  June 15,  2005,  with
     restatements  of  previously   issued  financial   statements   prohibited.
     Management  does not expect  adoption of SFAS 152 to have a material impact
     on the Company's financial statements.

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

9. NEW AND PENDING ACCOUNTING PRONOUNCEMENTS - CONTINUED

     In  December  2004,  the FASB issued SFAS 153,  "Exchanges  of  Nonmonetary
     Assets,"  an  amendment  to Opinion  No. 29,  "Accounting  for  Nonmonetary
     Transactions." Statement 153 eliminates certain differences in the guidance
     in Opinion No. 29 as compared to the guidance contained in standards issued
     by the International  Accounting  Standards Board. The amendment to Opinion
     No. 29 eliminates  the fair value  exception for  nonmonetary  exchanges of
     similar  productive  assets and  replaces it with a general  exception  for
     exchanges of nonmonetary assets that do not have commercial substance. Such
     an exchange has commercial substance if the future cash flows of the entity
     are expected to change significantly as a result of the exchange.  SFAS 153
     is effective for nonmonetary asset exchanges occurring in periods beginning
     after June 15, 2005. Earlier application is permitted for nonmonetary asset
     exchanges   occurring  in  periods   beginning  after  December  16,  2004.
     Management  does not expect  adoption of SFAS 153 to have a material impact
     on the Company's financial statements.

     In December 2004, the FASB issued SFAS 123(R),  "Share-Based Payment." SFAS
     123(R) amends SFAS 123, "Accounting for Stock-Based  Compensation," and APB
     Opinion  25,  "Accounting  for Stock  Issued  to  Employees."  SFAS  123(R)
     requires that the cost of share-based payment transactions (including those
     with   employees  and   non-employees)   be  recognized  in  the  financial
     statements.  SFAS 123(R) applies to all share-based payment transactions in
     which an entity  acquires  goods or  services  by issuing  (or  offering to
     issue) its shares,  share options,  or other equity instruments (except for
     those held by an ESOP) or by  incurring  liabilities  (1) in amounts  based
     (even  in  part)  on the  price of the  entity's  shares  or  other  equity
     instruments,  or (2)  that  require  (or  may  require)  settlement  by the
     issuance of an entity's shares or other equity instruments.  This statement
     is effective  (1) for public  companies  qualifying  as SEC small  business
     issuers,  as of the first  interim  period or fiscal year  beginning  after
     December 15, 2005, or (2) for all other public  companies,  as of the first
     interim period or fiscal year beginning after June 15, 2005, or (3) for all
     nonpublic  entities,  as of the first fiscal year beginning  after December
     15, 2005.  Management  anticipates no  significant  impact to the Company's
     financial statements upon the adoption of SFAS No. 123(R).

NOTE D - FAIR VALUE OF FINANCIAL INSTRUMENTS

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

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

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

NOTE E - CONCENTRATIONS OF CREDIT RISK

KTII and KTI maintain their  respective cash accounts in financial  institutions
subject  to  insurance   coverage  issued  by  the  Federal  Deposit   Insurance
Corporation  (FDIC).  Under  FDIC  rules,  both  KTII  and KTI are  entitled  to
aggregate  coverage of $100,000 per account  type per separate  legal entity per
financial institution.  During the years ended January 31, 2005 and 2004 and for
the  period   through  April  30,  2005,   respectively,   KTTI  and  KTI,  from
time-to-time, had deposits in a financial institution with credit risk exposures
in excess of statutory  FDIC  coverage.  The Company has incurred no losses as a
result of any of these unsecured situations.

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE F - INVENTORIES

Inventories consist of the following at April 30, 2005 and 2004:

                                             April 30,             April 30,
                                               2005                  2004
                                             --------              --------

     Raw materials                           $ 31,898              $ 67,723
     Finished goods                           220,775               247,644
                                             --------              --------
     Total                                   $252,673              $315,367
                                             ========              ========

NOTE G - PROPERTY AND EQUIPMENT

Property and equipment consists of the following at April 30, 2005 and 2004:

                                       April 30,     April 30,
                                         2005          2004      Estimated life
                                       ---------     ---------   --------------

     Machinery and Equipment           $ 598,954     $ 593,914      7 years
     Office furniture and fixtures        25,441        25,441      5 years
     Leasehold improvements               14,180        14,180      2 years
     Vehicles                              9,279         9,279      5 years
                                       ---------     ---------
                                                       647,854      642,814
     Less accumulated depreciation      (524,986)     (488,704)
                                       ---------     ---------

     Net property and equipment        $ 122,868     $ 154,110
                                       =========     =========

Depreciation  expense for the three month  periods ended April 30, 2005 and 2004
was approximately $7,325 and $9,476, respectively.

NOTE H - FUNDS HELD IN TRUST BY OFFICER

In May 2001, the Company advanced $53,400 to its President to hold in trust as a
contingency fund for the sole use of the Company in the event of a unanticipated
cash  shortfall.  The advance bears  interest at 4.0% annually and is unsecured.
The original  documentation  required repayment of the advance and accrued,  but
unpaid,  interest in May 2003. As of January 31, 2005,  with the approval of the
Company's  Board of  Directors,  the Company's  President  continues to maintain
these funds as trustee on behalf of the Company.

NOTE I - NOTES PAYABLE TO INVESTORS

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

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

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE I - NOTES PAYABLE TO INVESTORS - CONTINUED

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

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

Pursuant to the private placement,  the Company sold a $50,000  convertible note
on November 12, 2001 and a $25,000  convertible note on December 26, 2001 to two
unrelated  investors.  Warrants to purchase a combined total of 75,000 shares of
the Company's common stock at $0.60 per share were also issued to the investors.
The  warrants  were  valued at $11,789  using the  Black-Scholes  option-pricing
model, and therefore $11,789 of the total debt proceeds of $75,000 was allocated
to the warrants, resulting in a discount on the notes, was amortized to interest
expense over the initial  term of the  underlying  debt.  During the years ended
January 31, 2004, approximately $9,100 of the discount was amortized to interest
expense.  The weighted average assumptions  utilized to value the warrants using
the Black-Scholes option-pricing model were as follows:

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

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

The notes  matured  on  November  12,  2003  ($50,000)  and  December  26,  2003
($25,000), respectively.

On February 16, 2004, the Company  restructured  the $50,000  convertible  note.
Under the restructured terms, the Company paid all accrued interest and a $3,000
principal  reduction on March 16, 2004, as of February 16, 2004.  The Company is
obligated to pay $2,000 per month,  plus accrued  interest,  for the period from
March 16,  2004  through  August 16,  2004 and $1,000  per month,  plus  accrued
interest, on the 16th of each month thereafter until all outstanding amounts are
paid in full. The restructured note bears interest at 10.0% per annum.

The  $50,000  restructured  note is  convertible  into  shares of  unregistered,
restricted  common stock at the discretion of the Noteholder  with the Company's
consent,  provided that the daily average  (calculated  from the last sale price
daily) of the market price of the Company's common stock for any 30 calendar day
period equals or exceeds $1.00 per share,  with the conversion  being calculated
at a 50% discount of such 30 day average.

The $50,000  Noteholder  also has the  election to receive the monthly  interest
payments in  restricted,  unregistered  common stock of the Company at the daily
average  (calculated  from the last sale price daily) of the market price of the
Company's  common stock for the 30 calendar day period prior to the interest due
date,  with the number of shares to be issued  calculated  at a 50%  discount of
such 30 day average.

Through April 30, 2005, the Company has paid  approximately  $7,000 in principal
and  $7,296  in  cumulative   accrued  interest  on  the  $50,000   restructured
convertible note.

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE I - NOTES PAYABLE TO INVESTORS - CONTINUED

The  $25,000  convertible  note is in default and no demand for payment has been
made  to  the  Company.  The  Company  continues  to  accrue  interest  on  this
convertible note in accordance with the original terms and conditions.

The aggregate maturities of the notes are as follows:

     Balance as of April 30, 2005                                 $ 68,000
     Less current portion                                          (49,000)
                                                                  --------
     Long-term portion                                            $ 19,000
                                                                  ========

NOTE J - CAPITAL LEASE PAYABLE

Capital lease payable as of April 30, 2005 and 2004 is as follows:

                                                          April 30,    April 30,
                                                            2005         2004
                                                          --------     --------
$21,080 capital lease payable to a finance corporation
 Interest at 8.60%.  Payable in monthly installments
 of approximately $432, including accrued interest
 Final maturity due in April 2007.  Collateralized by
 equipment                                                $  9,218     $ 13,096

     Less current maturities                                (4,566)      (4,185)
                                                          --------     --------

     Long-term portion                                    $  4,652     $  8,911
                                                          ========     ========

Future annual maturities of long-term capital leases payable,  as of January 31,
2004, for each of the following years ending January 31 are as follows:

                                                 Year ending
                                                 January 31,            Amount
                                                 -----------            ------
                                                    2005               $ 4,095
                                                    2006                 4,468
                                                    2007                 4,872
                                                    2008                   996
                                                                       -------
                                                    Total              $14,431
                                                                       =======

NOTE K - INCOME TAXES

The components of income tax (benefit)  expense for the three months ended April
30, 2005 and 2004, respectively, are as follows:

                                              April 30,             April 30,
                                                2005                  2004
                                              -------               -------
       Federal:
       Current                                $    --               $    --
       Deferred                                    --                    --
                                              -------               -------
                                                   --                    --
                                              -------               -------
     State:
       Current                                     --                    --
       Deferred                                    --                    --
                                              -------               -------
                                                   --                    --
                                              -------               -------
       Total                                  $    --               $    --
                                              =======               =======

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE K - INCOME TAXES - CONTINUED

The Company has a net operating loss carryforward of approximately $5,000,000 to
offset future taxable income. Subject to current regulations,  this carryforward
will begin to expire in 2005. The amount and  availability  of the net operating
loss  carryforwards  may be subject  to  limitations  set forth by the  Internal
Revenue Code.  Factors such as the number of shares  ultimately  issued within a
three year  look-back  period;  whether  there is a deemed  more than 50 percent
change in control; the applicable long-term tax exempt bond rate;  continuity of
historical  business;  and  subsequent  income of the Company all enter into the
annual computation of allowable annual utilization of the carryforwards.

The  Company's  income tax expense for the three months ended April 30, 2005 and
2004, respectively, are as follows:

                                                      April 30,       April 30,
                                                        2004            2004
                                                      --------        --------

Statutory rate applied to loss before income taxes    $(50,400)       $(19,075)
Increase (decrease) in income taxes resulting from:
  State income taxes                                        --              --
  Other, including reserve for deferred tax asset       50,400          19,075
                                                      --------        --------

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

Temporary differences, consisting primarily of net operating loss carryforwards,
statutory  deferrals  of expenses  for  organizational  costs and  accrued,  but
unpaid,  accruals for officer  compensation  and  statutory  differences  in the
depreciable  lives for property and equipment,  between the financial  statement
carrying  amounts and tax bases of assets and liabilities  give rise to deferred
tax assets and liabilities as of January 31, 2005 and 2004, respectively:

                                              January 31,           January 31,
                                                 2005                  2004
                                              -----------           -----------
Deferred tax assets
  Net operating loss carryforwards            $ 1,700,000           $ 1,564,000
  Less valuation allowance                     (1,700,000)           (1,564,000)
                                              -----------           -----------

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

During the Fiscal  years  ended  January 31,  2005 and 2004,  respectively,  the
valuation  allowance  for  the  deferred  tax  asset  increased  (decreased)  by
approximately $136,000 and $68,000.

NOTE L - COMMON STOCK TRANSACTIONS

In February 2003, the Company issued 150,000 restricted,  unregistered shares of
common stock in payment of a contract for marketing  services.  This transaction
was  valued  at  approximately  $3,000,  which  was equal to or in excess of the
discounted  closing price of the Company's common stock on the NASDAQ Electronic
Bulletin Board on the date of each  respective  transaction.  The Company relied
upon Section 4(2) of The  Securities  Act of 1933, as amended,  for an exemption
from registration on these shares.

In April 2003,  the Company  issued 22,500  restricted,  unregistered  shares of
common stock in settlement  of a January 31, 2003 trade  account  payable in the
amount of  approximately  $552. The value of this transaction was equal to or in
excess of the  discounted  closing  price of the  Company's  common stock on the
NASDAQ Electronic Bulletin Board on the date of each respective transaction. The
Company relied upon Section 4(2) of The Securities Act of 1933, as amended,  for
an exemption from registration on these shares.

In May 2003,  the Company  issued  575,664  restricted,  unregistered  shares of
common stock in payment of trade accounts payable to the Company's primary legal
counsel in the amount of  approximately  $72,849.  The value of this transaction
was equal to or in  excess  of the  discounted  closing  price of the  Company's
common  stock  on the  NASDAQ  Electronic  Bulletin  Board  on the  date of each
respective  transaction.  The Company relied upon Section 4(2) of The Securities
Act of 1933, as amended, for an exemption from registration on these shares.

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

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE L - COMMON STOCK TRANSACTIONS - CONTINUED

In July 2004,  the Company  issued 150,000  restricted,  unregistered  shares of
common  stock  in  payment  of  a  contract  for  professional  services.   This
transaction was valued at approximately  $6,000, which was equal to or in excess
of the  discounted  closing  price of the  Company's  common stock on the NASDAQ
Electronic  Bulletin  Board  on the  date of each  respective  transaction.  The
Company relied upon Section 4(2) of The Securities Act of 1933, as amended,  for
an exemption from registration on these shares.

NOTE M - RELATED PARTY TRANSACTIONS

During the three  months ended April 30, 2005 and during each of the years ended
January  31, 2005 and 2004,  respectively,  the  Company  accrued  approximately
$30,000,  $120,000 and $120,000 in administrative  service fees payable to KTTI,
respectively.

NOTE O - COMMITMENTS AND CONTINGENCIES

LEASED FACILITIES

The Company leases its facilities under a non-cancellable operating lease, which
expires in May 2005. The lease requires monthly payments as follows:  $8,307 for
the first 12  months;  $8,639  for the next 12 months and $8,984 for the next 12
months.  Rent expense incurred under this lease was  approximately  $106,428 and
$102,340 for each of the years ended January 31, 2005 and 2004, respectively.

Future amounts due under this agreement are as follows:

                                                  Year ending
                                                  January 31,          Amount
                                                  -----------          ------
                                                     2006             $142,364
                                                                      ========

EMPLOYMENT CONTRACT

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

NOTE P - SIGNIFICANT CUSTOMERS

During the year ended January 31, 2005, the Company had three separate customers
responsible for an aggregate of approximately 71.86% (49.18%,  16.09% and 6.59%,
respectively) of total net revenues. The largest customer was also a significant
vendor  of  raw  materials.   The  largest  key  customer  was  responsible  for
approximately  35.02% of accounts  receivable and 59.37% of accounts  payable at
January 31,  2005.  The second key customer was  responsible  for  approximately
7.42% of accounts  receivable and 0.12% of accounts payable at January 31, 2005.
The third key  customer was  responsible  for  approximately  18.32% of accounts
receivable and approximately 0.52% of accounts payable at January 31, 2005.

During the year ended January 31, 2004,  the Company had two separate  customers
responsible  for  an  aggregate  of  approximately  78.47%  (69.06%  and  9.41%,
respectively) of total sales. The largest customer is also a significant  vendor
of raw materials.  The largest key customer was  responsible  for  approximately
48.95% of  accounts  receivable  and 76.17% of  accounts  payable at January 31,
2004.  The  second key  customer  was  responsible  for  approximately  1.72% of
accounts  receivable  and 0.00% of accounts  payable at January 31, 2004.  There
were no other  customer(s)  responsible  for more than  10.0% of total net sales
during Fiscal 2004.

These  significant  customer  trends and  anticipated  to  continue  into future
periods.

                                       15
<PAGE>
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

(1) CAUTION REGARDING FORWARD-LOOKING INFORMATION

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

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

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

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

OVERVIEW

During the three months ended April 30, 2005 and 2004, respectively, the Company
achieved  revenues of approximately  $375,000 and $791,000.  These revenues were
derived primarily from the sale of tire products.  Net loss for the three months
ended  April  30,  2005 and 2004 was  approximately  $(148,000)  and  $(56,100),
respectively.  The net loss for each of these quarters includes a $30,000 charge
for administrative  services to the Company from KIK Tire Technologies Inc., the
Company's  publicly-owned Canadian majority shareholder.  The net loss per share
of  common   stock  for  the  three  months  ended  April  30,  2005  and  2004,
respectively, was approximately $(0.01) and $0.00.

RESULTS OF OPERATIONS

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

THREE MONTHS  ENDED APRIL 30, 2005  COMPARED TO THE THREE MONTHS ENDED APRIL 30,
2004

The Company  posted net sales of  approximately  $375,000  for the three  months
ended April 30, 2005 as compared to net sales of approximately  $791,000 for the
three months ended April 30, 2004.  During the quarter ended April 30, 2004, the
Company discontinued it's relationship with a major customer,  who was primarily
a wholesale  distributor  of the  Company's  products.  While the demand for the
Company's  product  remains  strong,  in  management's  opinion,  the Company is
rapidly  developing  a sales  channel  directly  with  retail  resellers  of the
Company's  products to eliminate the "middleman" from the distribution  channel.
It is anticipated  that the Company's sales will regain levels  comparable or in
excess of prior period  comparable  sales in future periods.  It should be noted
that the Company has begun to experience  competition  from foreign  sources for
comparable products and this may negatively impact revenues in the future.

The Company's cost of sales decreased by approximately $308,000 to approximately
$375,000 for the three months ended April 30, 2005 as compared to  approximately
$683,000 for the three months ended April 30, 2004. The Company is  consistently
subjected to cost increases in raw material and ancillary supplies which are not
readily passed through with product price  increases due to foreign  competition
for sales of the Company's tire products. The Company experienced a gross profit
margin of approximately 0.15% (approximately $600) for the first three months of
Fiscal 2006 as compared to approximately 13.61% (approximately $108,000) for the
first three months of Fiscal 2005.

General and administrative  expenses  decreased from approximately  $162,000 for
the three  months ended April 30, 2004 to  approximately  $147,000 for the three
months ended April 30, 2005.  To the extent  possible,  management  monitors and
controls  the variable  expenditures  related to the  Company's  administration.
Included in these costs is a $10,000 per month administrative charge to KIK Tire
Technologies Inc., the Company's publicly-owned Canadian majority shareholder.

                                       16
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

The Company had cash and cash equivalents of approximately $52,000,  $59,900 and
$33,800 at April 30, 2005,  January 31, 2005 and April 30,  2004,  respectively.
The Company maintained  business liquidity and capital resources during the year
adequate to fund all capital and operating expense requirements. Operations were
primarily funded from internally generated funds, line of credit borrowings, and
capital raised via a private placement of securities in previous years.

For the three months ended April 30, 2005 and 2004,  net cash  provided by (used
in) operating activities was approximately $(5,600) and $(34,000), respectively.
Net cash provided by operating  activities  consists of cash received from sales
of products to customers,  less purchases of raw  materials,  payment of payroll
and payment of other general operating expenses, including interest.

Cash used in investing  activities was  approximately  $(1,100) and $(6,000) for
each of the three months ended April 30, 2005 and 2004, respectively. These cash
utilizations  was  due  solely  to the  acquisition  of  equipment  used  in the
manufacturing process.

The Company  experienced  cash used in  financing  activities  of  approximately
$(1,100)  and $(6,300) in the first three months of Fiscal 2006 and Fiscal 2005,
respectively.  All of  these  expenditures  were  related  to the  reduction  in
outstanding  principal on the Company's $50,000 convertible note payable and the
Company's equipment capital lease payable.

Management  remains confident that sufficient cash will be generated  internally
to fund its operations for the next twelve months.

CRITICAL ACCOUNTING POLICIES

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

   REVENUE RECOGNITION

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

   ACCOUNTS RECEIVABLE

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

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

   INVENTORIES

     Inventories  are valued at the lower of cost or market.  Cost is determined
     principally  on the average  cost  method.  The Company  regularly  reviews
     inventory quantities on hand and records,  when necessary,  a provision for
     excess and obsolete  inventory based  primarily on the Company's  estimated
     forecast of product demand and production  requirements for the next twelve
     months.  Demand for the Company's products can fluctuate  significantly.  A
     significant  increase in the demand for the Company's products could result
     in a  short-term  increase  in the  cost  of  inventory  purchases  while a
     significant decrease in demand could result in an increase in the amount of
     excess inventory quantities on hand. In addition, the Company's industry is
     characterized  by  rapid   technological   change,   frequent  new  product

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<PAGE>
     development and rapid product obsolescence that could result in an increase
     in the amount of obsolete inventory quantities on hand.  Additionally,  the
     Company's estimate of future product demand may prove to be inaccurate,  in
     which case the Company may have  understated  or  overstated  the provision
     required for excess and obsolete inventory. Therefore, although the Company
     makes  every  effort to ensure  the  accuracy  of its  forecasts  of future
     product  demand,  any  significant   unanticipated  changes  in  demand  or
     technological developments could have a significant impact on the Company's
     inventory value and reported operating results.

   STOCK-BASED COMPENSATION

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

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

     In December 2002, FASB issued Statement of Financial  Accounting  Standards
     No.  148  "Accounting   for  Stock-Based   Compensation  -  Transition  and
     Disclosure"  (SFAS  148).  This  statement  amends  SFAS  123 and  provides
     alternative  methods of transition for a voluntary change to the fair value
     based method of accounting  for  stock-based  employee  compensation.  This
     statement  also amends the disclosure  requirements  of SFAS 123 to require
     more prominent and frequent  disclosures in financial  statements about the
     effects of stock-based  compensation.  The  transition  guidance and annual
     disclosure  provisions of SFAS 148 are  effective for financial  statements
     issued for fiscal years ending after December 15, 2002.  Effective November
     1, 2003,  the first day of the  reporting  quarter  including the effective
     date of SFAS 148, the Company's  Board of Directors,  in  conjunction  with
     public  opinion and SFAS 148,  elected to expense the imputed  compensation
     cost related to any stock options granted during Fiscal 2003 and for future
     periods. The Company did not issue any stock options during Fiscal 2003 and
     the  adoption of SFAS 148 did not have a material  impact on our results of
     operations or financial condition.

ITEM 3 - CONTROLS AND PROCEDURES

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

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

                                       18
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

None

ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3 - DEFAULTS ON SENIOR SECURITIES

None

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

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

ITEM 5 - OTHER INFORMATION

   None

ITEM 6 - EXHIBITS

Exhibits

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

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

                                   SIGNATURES

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

                                            KIK TECHNOLOGY INTERNATIONAL, INC.


Dated: June 10, 2005                        /s/ Kuldip C. Baid
       -------------                        ------------------------------------
                                                                  Kuldip C. Baid
                                            Chief Financial Officer and Director

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