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


                         FORM 10-QSB
                   ----------------------

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

For the quarterly period ended March 31, 2003


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

For the transition period from      to
                              ------  ------
                   Commission file number 0-30411

                      Cyber Grind, Inc.
         ------------------------------------------------
         (Name of Small Business Issuer in its charter)

          Nevada                         95-4791521
-------------------------           ----------------------
(State or other jurisdiction of      (I.R.S. Employer
incorporation or organization)        Identification No.)

c/o Law Offices of Jaak Olesk
9300 Wilshire Boulevard, Suite 300
Beverly Hills, California                       90212
---------------------------------------    ---------------
(Address of principal executive offices)     (Zip code)


                   (310) 278-0100
           ----------------------------------
              (Issuer's telephone number)


State the number of shares outstanding of each of the issuer's
classes of common equity, as of May 20, 2003
Common stock 3,000,000 shares

Transitional Small Business Disclosure Format

(Check one): Yes [  ] No [ X]










TABLE OF CONTENTS



                                                   PAGE
PART I- FINANCIAL INFORMATION

Item 1. Financial Statements					3-6

Item 2. Plan of Operation					7-8

Item 3. Controls and Procedures				8

Item 4. Quantitative and Qualitative
	   Disclosure About Market Risk			8

PART II- OTHER INFORMATION

Item 1. Legal Proceedings.					8

Item 2. Changes in Securities.				8

Item 3. Defaults Upon Senior Securities.			8

Item 4. Submission of Matters to a Vote of
        Security Holders.					8

Item 5. Other Information.					8

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


SIGNATURES.								9


























PART  I- FINANCIAL INFORMATION

Item 1. Financial Statements.


                     Cyber Grind, Inc.
                 (A Development Stage Company)
                         BALANCE SHEET
                        March 31, 2003
                          (Unaudited)
ASSETS

Current Assets
  Cash                              $       --
                                    ----------
Total current assets		              --
           		     		      ----------
Total assets			     	$       --
				           	==========


LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)


Current Liabilities
  Loan from shareholder            $    2,825
	 				     ----------
Total current liabilities

Shareholders' Equity
Common stock,
  25,000,000 shares authorized
  at $0.001 par value; issued and
   outstanding 3,000,000 shares         3,000

(Deficit) accumulated
    during the development
      stage				         (5,825)
					     ----------
Total shareholders' equity
  (deficit)				         (2,825)
                                   ----------
Total  Liabilities and
Shareholders' Equity (Deficit)     $       --
				     	     ==========




         See accompanying note to financial statements.



                       Cyber Grind, Inc.
                   (A Development Stage Company)
                     STATEMENT OF OPERATIONS
                           (Unaudited)



                 Three Months    Three Months   March 10
                     Ended            Ended    (Inception) to
                 March 31, 2003  March 31, 2002 March 31, 2003
                 --------------  -------------- --------------


Revenue              $      --      $      --      $       --

Expenses:
General and
  Administrative     $      --      $      --      $    5,825
                     ---------      ---------      ----------
(Loss) from
   operations               --             --          (5,825)

Income taxes                --             --              --
                     ---------      ---------      ----------
Net (loss)           $      --      $      --      $       --
                     =========      =========      ==========
Basic (Loss) per
 Common
   Share             $      --      $      --      $   (5,825)
                     =========      =========      ==========
Diluted (Loss) per
Common share         $      --      $      --      $       --
                     =========      =========      ==========
Weighted average
 (basic and diluted)
  common shares
   outstanding       3,000,000      3,000,000       3,000,000
                     =========      =========      ==========











       See accompanying note to financial statements.








                        Cyber Grind, Inc.
                   (A Development Stage Company)
      STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT)
          For the three month period ended March 31, 2003
                          (Unaudited)


         					            (Deficit)
	Accumulated
                             Additional   During the
               Common  Stock  Paid-In    Development
               Shares  Amount Capital      Stage     Total
               ------- ------ ---------- ----------- ------

Balance-
 December 31,
   2002      3,000,000  $ 3,000  $    --  $ (5,825) $(2,825)


Net (loss) for
the three
month ended
March 31,
   2003             --      --        --       --        --
             ---------  ------  --------   -------  -------

Balance-
 March 31,
   2003      3,000,000  $ 3,000 $     --  $ (5,825) $(2,825)
             =========  ======= ========  ========  =======

















        See accompanying note to financial statements.








                         Cyber Grind, Inc
                              (A Development Stage Company)
                                 STATEMENT OF CASH FLOWS
  					         (Unaudited)

                            Three Months   Three Months    March 10
                                Ended           Ended     (Inception) to
                           March 31, 2003  March 31, 2002 March 31, 2003
                           --------------  -------------- --------------


Net (loss)	               $      --       $     --        $ (5,825)
Adjustments to
 reconcile net loss to
 cash used by
 operating activities:
Shares issued for services        --             --           1,750
Increase (decrease) in
 Liabilities                      --             --              --
Accrued expenses                  --             --              --
     	                     ---------       --------        --------
Net cash (used) by
  operating activities:           --             --          (4,075)
Net cash from financing
  Activities:
Common stock
  issuance for cash               --            --            1,250
Loan from shareholder             --            --            2,825
                           ---------      --------          -------
                                  --            --            4,075
Increase (decrease) in cash       --            --               --

Cash at beginning of period $     --      $     --          $    --
                           ---------      --------          -------
Cash at end of period      $     --       $     --          $    --
                           =========      ========          =======

Supplemental cash flows information:
 Cash paid during the period for:


Income Taxes               $      --      $                 $
                           =========      ========          =======
Interest                   $      --      $     --          $    --
                           =========      ========          =======
Non-cash financing transactions:
Common shares issued
  for services             $      --      $     --          $ 1,750
                           =========      ========          =======


       See accompanying note to financial statements.




                      Cyber Grind, Inc.
                  (A Development Stage Company)
                  NOTES TO FINANCIAL STATEMENTS
                          March 31, 2003
                           (Unaudited)

BASIS OF PRESENTATION
---------------------

The accompanying unaudited financial statements have been
prepared in accordance with generally accepted accounting
principles for interim financial information and with the
instructions to Form 10 QSB and Item 310(b) of Regulation S-B.
Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles
for complete financial statements.  In the opinion of
management, all adjustments (consisting of normal recurring
accruals) considered necessary for a fair presentation have
been included.  During the three month period ended March 31,
2003 Stockholders' Equity (Deficit) changed only by the amount
of the net loss.  Operating results for the three months period
ended March 31, 2003 are not necessarily indicative of the
results that may be expected for the year ended December 31,
2003.   For further information refer to the audited financial
statements and footnotes included in the Company's Form 10-KSB
filing for December 31, 2002.

The Company's financial statements have been presented on
the basis that is a going concern, which contemplates the
realization of assets and the satisfaction of liabilities in
the normal course of business.  From inception to date the
Company has only incurred net losses and has had no revenues.
These factors, among others, raise substantial doubt as to the
Company's ability to continue as a going concern.

Cyber Grind, Inc. ("the Company") was incorporated in the
state of Nevada on March 10, 2000.  The Company is a
development stage enterprise.  From inception on March 10, 2000
to date (May 20, 2003) the Company has had no revenues.

Item 2. Plan of Operation

The Company, which has no employees, is a development stage
enterprise. From inception to date the Company has had no
revenues.

The Company's   management is seeking funding from a variety
of sources.  However, there can be no assurance management will
be successful in these endeavors.  For the remainder of calendar
2003, and the first half of calendar 2004 absent other funding
being obtained, the Company's primary funding source will be
Chairman and President Olesk who will provide funding for
corporate expenses.





Forward-Looking Statements

This Form 10-QSB includes "forward-looking statements" within
the meaning of the "safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995.  Such statements are
based on management's current expectations and are subject to a
number of factors and uncertainties that could cause actual
results to differ materially from those described in the
forward-looking statements.  All statements, other than
statements of historical facts included in this Form, regarding
the Company's financial position, business strategy, and plans
and objectives of management of the Company for future
operations, are forward-looking statements.

Item 3.  Controls and Procedures

(a)	The Company's shares are not publicly traded at this time.

(b)	Not applicable.

Item 4.	Quantitative and Qualitative Disclosure about
          Market Risk
 		The Company's shares are not publicly traded at this
time.

PART II- OTHER INFORMATION
--------------------------

Item 1. Legal Proceedings

   The Company is not a party to any pending legal proceeding.
Management is not aware of any threatened litigation, claims or
assessments.

Item 2. Changes in Securities

        None.

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 Report on Form 8-K

        No Exhibits

There were no reports filed on Form 8-K during the three month
period ended March 31, 2003.






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.


                               Cyber Grind, Inc.

                               /s/ Jaak Olesk
Dated: May 20, 2003           -----------------------
-------------------           Jaak Olesk, President