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 March 31, 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 MARCH 31, 2004 (UNAUDITED)

PAGE(S)     5     CONDENSED STATEMENTS OF OPERATIONS
                  FOR THE THREE MONTHS ENDED MARCH 31, 2004 AND 2003 (UNAUDITED)

PAGE(S)    6-7    CONDENSED STATEMENTS OF CASH FLOWS
                  FOR THE THREE MONTHS ENDED MARCH 31, 2004 AND 2003 (UNAUDITED)

PAGE(S)     8     NOTES TO CONDENSED FINANCIAL STATEMENTS
                  AS OF MARCH 31, 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

PAGE(S)   13-15   CERTIFICATION


                                       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 March 31, 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 quarter ended March 31, 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
                                 MARCH 31, 2004
                                   (UNAUDITED)

                      ASSETS

CURRENT ASSETS                                                    $        --
                                                                  -----------

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

   LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accounts Payable                                                 $    67,822
                                                                  -----------

      Total Current Liabilities                                        67,822

STOCKHOLDERS' EQUITY  (DEFICIT)
 Preferred stock; 50,000,000 shares authorized;
    $.001 Par Value; 296,300 shares issued and
    outstanding at March 31, 2004                                         296
 Capital stock, $.001 Par Value;
    50,000,000 shares authorized;
    6,414,149 shares issued and outstanding                             6,414
 Additional paid-in capital                                         1,868,503
 Deficit accumulated during the development stage                  (1,943,036)
                                                                  -----------

     Total Stockholders' Deficit                                      (67,822)

TOTAL LIABILITIES AND STOCKHOLDERS'  DEFICIT                      $        --
                                                                  ===========

     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
                                                      Three          Three
                                                      Months         Months          Inception
                                                       Ended          Ended           through
                                                     March 31,       March 31,       March 31,
                                                       2004            2003             2004
                                                    ----------      -----------     -----------
<S>                                                 <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         550,510
   General and Administrative Expenses                  14,208           14,590       1,018,958
                                                    ----------      -----------     -----------

TOTAL OPERATING EXPENSES                                14,208           14,840       1,933,022
                                                    ----------      -----------     -----------

NET LOSS FROM OPERATIONS                               (14,208)         (14,840)     (1,693,573)
                                                    ----------      -----------     -----------

OTHER INCOME (EXPENSE)
   Gain(loss) on Sale of Marketable Securities              --             (409)        167,206
   Write down of Marketable Securities                      --               --        (364,326)
   Nonrefundable Option Income                              --               --          23,000
   Interest Expense                                         --             (230)       (115,134)
   Dividend and Interest Income                             --               17          13,004
   Other Income                                             --               --           1,684
   Forgiveness of Debt                                      --               --          25,103
                                                    ----------      -----------     -----------

TOTAL OTHER INCOME (LOSS)                                   --             (622)       (249,463)
                                                    ----------      -----------     -----------

NET LOSS BEFORE INCOME TAXES                           (14,208)         (15,462)     (1,943,036)

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

NET LOSS                                            $  (14,208)     $   (15,462)    $(1,943,036)
                                                    ----------      -----------     -----------

BASIC AND DILUTED LOSS PER SHARE                    $    (0.00)     $     (0.00)    $     (0.30)
                                                    ----------      -----------     -----------

WEIGHTED AVERAGE SHARES OUTSTANDING                  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
                                                               Three        Three
                                                               Months       Months        Inception
                                                                Ended        Ended         through
                                                              March 31,     March 31,     March 31,
                                                                2004          2003           2004
                                                             ----------    -----------   -----------
<S>                                                          <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net Loss                                                    $(14,208)     $(15,462)     $(1,943,036)
 Adjustments to reconcile net loss from net cash
    used in operating activities:
    Depreciation and amortization                                  --           250          550,510
    Common Stock Issued for Lease                                  --            --          225,000
    (Gain) on Sale of Securities                                   --          (409)        (167,206)
    Write down of Marketable Securities                            --            --          364,326
    Contributed Interest                                           --          (230)          70,018
    Contributed Rent and Officer Compensation                      --         6,000          110,000
    Reserve against Assets and Liabilities                         --            --          244,000
 Changes in Assets and Liabilities:
    (Increase) in Other Assets                                     --        (3,030)              --
    Increase  in Accounts Payable                              14,208         3,125           67,167
    Increase in Accrued Interest                                   --           802           32,382
    (Decrease) in Advances from Shareholder                        --         7,002          (19,079)
                                                             --------      --------      -----------

       Net Cash Used By Operating Activities                       --        (1,952)        (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                      --          (494)         404,266
                                                             --------      --------      -----------

       Net Cash Provided (Used) By  Investing Activities           --          (494)          88,324
                                                             --------      --------      -----------

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

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

NET INCREASE (DECREASE) IN CASH                                    --        (2,446)              --

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

CASH - END OF PERIOD                                         $     --      $  2,135      $        --
                                                             ========      ========      ===========
</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      For the
                                                               Three        Three
                                                               Months       Months        Inception
                                                                Ended        Ended         through
                                                              March 31,     March 31,     March 31,
                                                                2004          2003           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
                                                              =========    ===========   ========

  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 CONDENSED FINANCIAL STATEMENTS

NOTE 1   BASIS OF PRESENTATION
------   ---------------------

         The interim financial statements at March 31, 2004 and three month
         periods ended March 31, 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 periods ended March 31, 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 2003, 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 consolidated 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 $14,208, and negative working capital of $67,822, and a
         stockholders' deficit of $67,822 at March 31, 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>

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 months ended March 31, 2004 or the three
months ended March 31, 2003.

General and administrative expenses decreased for the three ended March 31, 2004
compared to the same periods in 2003. These expenses were $14,208 for the three
months ended March 31, 2004 and $14,590 for the same periods in 2003,
respectively. The decrease for the three months ended March 31, 2004 over the
same period in 2003 came from an decrease of various fees including professional
fees $2,072 and a decrease of $1,500 rental expense that was offset by
management fee increases of approximately $2,900.

                                       9
<PAGE>

For the three months ended March 31, 2004 we recorded a net loss of $14,208
compared with a net loss of $15,462 during the corresponding prior period 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 March 31, 2004, the Company's working capital
decreased by the accruals of all expenses. 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 quarter of 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 December 31, 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