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

                                   Form 10-QSB

      (X) Quarterly Report pursuant to Section 13 or 15 (d) of the Securities
          Exchange Act of 1934 For the quarterly period ended April 30, 2002

      ( ) Transition Report pursuant to Section 13 or 15 (d) of the Securities
          Exchange Act of 1934.

              For the transaction period from _________to_________

                        Commission File Number: 0-28514


                          TREASURY INTERNATIONAL, INC.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

            Delaware                                            98-0160284
 -------------------------------                           --------------------
 (State or other jurisdiction of                              (IRS Employer
 incorporation or organization)                             Identification No.)

                     422 Montana Ave. Libby, Montana  59923
                ------------------------------------------------
                    (Address of principal executive offices)

                                 (406) 293-7299
                                 --------------
                           (Issuer's telephone number)


 ------------------------------------------------------------------------------
(Former Name,Former Address and Former Fiscal Year,if Changed Since Last Report)

     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 ____
    ------

     As of April 30, 2002   4,467,667   shares  of the registrant's common stock
                           -----------
 were outstanding.








                                       1
<PAGE>

Bromberg & Associate                         1183 Finch Ave. West, Suite 305
                                             Toronto, Ontario M3J 2G2
                                             Phone: (416) 663-7521
Chartered Accountants                        Fax:   (416) 663-1546


ACCOUNTANTS' REVIEW REPORT

         Board of Directors and Shareholders
         Treasury International, Inc.


             We have  reviewed the  accompanying  interim  consolidated  balance
     sheets  of  Treasury  International,  Inc.  as at April 30,  2002,  and the
     interim  consolidated  statements  of  operations,  and cash  flows for the
     period  then ended in  accordance  with the  statements  on  standards  for
     accounting  and  review  services  issued  by  the  American  Institute  of
     Certified  Public  Accountants.  All information  included in these interim
     consolidated  financial  statements is the  representation of management of
     Treasury International, Inc.

             A review consists principally of inquiries of Company personnel and
     analytical  procedures  applied to financial data. It is substantially less
     in scope  than an audit  in  accordance  with  generally  accepted  audited
     standards, the objective of which is the expression of an opinion.

             Based on our review, we are not aware of any material modifications
     that  should be made to the  accompanying  interim  consolidated  financial
     statements in order for them to be in conformity  with  generally  accepted
     accounting principles.

                                                         BROMBERG & ASSOCIATE
                                                         CHARTERED ACCOUNTANTS



            TORONTO, CANADA
            June 13, 2002


















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<PAGE>



                          TREASURY INTERNATIONAL, INC.

                       INTERIM CONSOLIDATED BALANCE SHEET

                              AS AT April 30, 2002




ASSETS

                                                 April 30, 2002 January 31, 2002
CURRENT ASSETS
  Bank                                            $     10,670     $      2,165
  Accounts Receivable                                   17,000           10,190
  Securities Available for Sale (Note 3)                22,345          152,071
                                                  ------------     ------------
TOTAL CURRENT ASSETS                              $     50,015     $    164,426

Long Term Investments (Note 4)                         252,041          250,266
Capital Assets (Notes 2c & 5)                            4,044            4,473
                                                  ------------     ------------
TOTAL ASSETS                                      $    306,100     $    419,165
                                                  ============     ============


LIABILITIES

CURRENT LIABILITIES
  Account Payable and Accrued Liabilities         $    280,540     $    300,235
  Current portion of long-term debt (Note 6)           612,605          612,605
                                                  ------------     ------------
TOTAL CURRENT LIABILITIES                         $    893,145     $    912,840

Long Term Debt (Note 6)                                 50,761           50,761
Loans Due To Officers & Directors                         --               --
                                                  ------------     ------------
TOTAL LIABILITIES                                 $    943,906     $    963,601
                                                  ============     ============















                                       3
<PAGE>




                          TREASURY INTERNATIONAL, INC.

                       INTERIM CONSOLIDATED BALANCE SHEET

                              AS AT April 30, 2002

                              SHAREHOLDER'S EQUITY

                                                 April 30, 2002 January 31, 2002
SHARE CAPITAL

Authorized - 100,000,000 common shares
Issued - 4,467,667 common shares(Note7)           $     39,303     $     39,303

Contributed Surplus (Note 9)                         5,585,680        5,585,680

Deficit                                          (   6,284,534)   (   6,169,419)
                                                  ------------     ------------

TOTAL SHAREHOLDERS EQUITY                        ($    659,551)   ($    544,436)
                                                  ============     ============

Accumulated Other Deficit                        (      21,745)            --
                                                  ------------     ------------

TOTAL LIABILITIES &
SHAREHOLDER'S EQUITY                              $    306,100     $    419,165
                                                  ============     ============

























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<PAGE>






                          TREASURY INTERNATIONAL, INC.

                    INTERIM CONSOLIDATED STATEMENT OF DEFICIT

                 FOR THE THREE MONTH PERIOD ENDED APRIL 30, 2002

                                   (UNAUDITED)


                                                 April 30, 2002   April 30, 2001

Balance, beginning of period                     ($  6,169,419)   ($  5,576,867)

Net (Loss) for the period                        ($    115,115)   ($    132,591)
                                                  ------------     ------------

Balance, end of period                           ($  6,284,534)   ($  5,709,458)
                                                  ------------     ------------

































                                       5
<PAGE>




                          TREASURY INTERNATIONAL, INC.


                  INTERIM CONSOLIDATED STATEMENT OF OPERATIONS


                 FOR THE THREE MONTH PERIOD ENDED APRIL 30,2002
                                   (UNAUDITED)



                                                 April 30, 2002   April 30, 2001


REVENUE                                           $      7,000     $     42,067
                                                  ------------     ------------

COST OF GOODS SOLD                                        --             41,362
                                                  ------------     ------------

GROSS PROFIT                                      $       7000     $        705


EXPENSES
    Software Development Expense                          --              7,716

    General and administrative                          30,797           74,339
                                                  ------------     ------------
LOSS from operations before under noted items     $     23,797     $     81,350

    Loss on Sale of Shares                              38,498           30,363
    Bad debt expense                                      --             15,645
    Interest Expense                                    30,646              930
    Amortization                                           429            4,303
                                                  ------------     ------------

    LOSS from Operations                          $     93,370     $    132,591
    Other loss principally unrealized losses
      on Securities Available for Sale                  21,745             --
                                                  ------------     ------------

NET LOSS                                          $    115,115     $    132,791
                                                  ============     ============

Income per share                                          0.00             0.00

Weighted average number of Common Shares
   Outstanding                                       4,467,667          947,800





                                       6
<PAGE>

                          TREASURY INTERNATIONAL, INC.

                  INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

                 FOR THE THREE MONTH PERIOD ENDED APRIL 30, 2002
                                   (UNAUDITED)

                                                 April 30, 2002   April 30, 2001
Cash flows from operating activities
     Net (loss)                                       (115,115)        (132,591)
     Adjustment to reconcile net income to
       net cash used in operating activities
     Amortization                                          429            4,303
     Increase in accounts receivable                    (6,810)          (1,439)
     Decrease in Securities Available for Sale         151,471           11,877
     Decrease in sundry assets                            --              5,735
     Increase (Decrease) in accounts payable           (19,695)          58,767
                                                  ------------     ------------

Net cash used for operating activities                  10,280          (53,348)
                                                  ------------     ------------
Cash flows from financing activities
      Notes Payable
      Long-term debt                                      --              8,581
      Proceeds on issue of common shares                  --             12,400
                                                  ------------     ------------
 Cash provided by financing activities                    --             20,981
                                                  ------------     ------------


 Cash flows from investing activities
     Goodwill
     Purchase of Capital Assets
     Research & Development Costs
     Long Term Investments                              (1,775)          59,186
                                                  ------------     ------------

Cash provided by investing activities                   (1,775)          59,186
                                                  ------------     ------------

 Increase in bank                                        8,505           26,819
Bank (Bank indebtedness), beginning of period            2,165     ($    61,104)
Bank (Bank indebtedness), end of period                 10,670     ($    34,285)
                                                  ------------     ------------












                                       7
<PAGE>



                           TREASURY INTERNATIONAL, INC
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                              AS AT APRIL 30, 2002

1.   Nature of business

     Treasury   International,   Inc.,  through  its  wholly  owned  subsidiary,
     Retailport.com,  Inc., is involved in business to  E-Commerce,  Web-enabled
     Publishing and Internet Portal development.

2.   Summary of Significant accounting policies

     a)  Basis of consolidation
         These  consolidated  financial  statements  include the accounts of the
         company and the revenues and expenses.

     b)  Research and development costs
         The  research  and  development  costs  relate  to  the  work  done  in
         developing an e-commerce software package and an Internet point of sale
         package,  together with database  development.  These costs are written
         off as incurred  and  recorded as software  development  expense in the
         statement of operations.

     c)  Capital assets
         Capital  assets are  recorded  at cost less  accumulated  amortization.
         Amortization is provided as follows:

             Office equipment                         -20% diminishing balance
             Computer equipment                       -30% diminishing balance

     d)  Revenue Recognition
         Revenue is recognized when customers are invoiced for products  shipped
         by the company.

     e)  Income per share
         Income per share is calculated  based on the weighed  average number of
         shares outstanding during the period.

     f)  General
         These financial statements have been prepared in accordance with United
         States generally accepted accounting  principles (GAAP), as they relate
         to these financial statements.












                                       8
<PAGE>

                          TREASURY INTERNATIONAL, INC.
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                              AS AT APRIL 30, 2002



3.   Securities Available for Sale

     The Company owns equity  securities in other  Corporations  that management
     considers to be strategic  or  synergistic  to the  Company's  growth.  The
     Securities  Available  for Sale are recorded at their fair market value for
     this reporting period according to the requirements of SFAS 115.


Issuer                              Market        Cost    Unreported  Fair Value
                                                         Gain, (Loss)

Wall Street Financial Corporation   OTC BB    $  4,060   ($  3,660)    $    400

Tantivy Group Inc.                  OTC BB    $ 17,685   ($ 17,485)    $    200
                                              --------    --------     --------

                                              $ 21,745   ($ 21,145)    $    600
                                              ========    ========     ========

4.   Long Term Investments

     The Company has made certain equity  investments in other Corporations that
     management  considers  to be  strategic  or  synergistic  to the  Company's
     growth.

5.   Capital Assets

                                                April 30, 2002  January 31, 2002
                           Cost    Accumulated      Net book       Net Book
                                  Amortization        value           value


Office equipment      $   6,578      $   5,977      $     601      $     751
Computer equipment    $  13,436      $   9,993      $   3,443      $   3,722
                      ---------      ---------      ---------      ---------
                      $  20,014      $  15,970      $   4,044      $   4,473
                                                                   ---------













                                       9
<PAGE>

                           TREASURY INTERNATIONAL, INC
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                              AS AT April 30, 2002



6.   Notes payable

     The notes payable consist of the following:

     Due Date                                  Principal Amount

     Current (To April 30,2004)- in Default      $ 612,605
     April 30, 2004                                    ---
     April 30, 2005                                    ---
     April 30, 2006                              $  50,761
                                                 ---------
     Total                                       $ 663,366
                                                 ---------

     The interest rates on the notes are between 7%-15%.

7.   Stock Options

     a)  Options to purchase shares have been issued under the Employee  Benefit
         Plan Registration Statement,  registered February 25, 1998, to officers
         and  key  employees  of  the  company  and  its   subsidiary.   Options
         outstanding at April 30, 2002 are as follows:

 Year Granted             Expiry Date           Price Range       No. of Shares
 -------------------------------------------------------------------------------
 November 1, 2001      October 31, 2002            0.11                410,000
 -------------------------------------------------------------------------------
 Total Outstanding                                                     410,000
 -------------------------------------------------------------------------------


     b)  As at April  30,2002,  400,000  warrants were issued and exercised at a
         price of $0.10 per share,  1,097,500 warrants were issued and exercised
         at a price of $0.16 per share for each  warrant  owned.  An  additional
         10,000  warrants  were  issued and  exercised  at a price of $ 0.04 per
         share for services  rendered.  These warrants  covered in this plan are
         exercised over a 3 year period and expire in November 2002.


8.   Contributed surplus

     Contributed  surplus  represents the premium paid on the issuance of common
     shares.







                                       10
<PAGE>




                          TREASURY INTERNATIONAL, INC.
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                              AS AT April 30, 2002


9.   Income taxes

     As at April 30, 2002 the  company had a net  operating  loss  carryover  of
     approximately $7,035,344 expiring in various years through 2016.

10.  Subsequent Events

     Subsequent  to April  30,2002,  the Company  acquired  all of the issue and
     outstanding  interests in American Sports Academy,  LLC ("ASA") in exchange
     for: (i) 100,000  shares of the  Company's  Common  Stock,  (ii) a $100,000
     Promissory  Note  payable  in two  years  with  interest  at seven  percent
     per-annum, and (iii) five percent of the net profits earned by ASA, payable
     semi-annually, up to an aggregate amount of $500,000.



































                                       11
<PAGE>



ITEM 2.  Management's Discussion and Analysis or Plan of Operation
------------------------------------------------------------------

     This Quarterly  Report on Form 10-QSB for the quarterly  period ended April
30, 2002 contains "forward-looking" statements within the meaning of the Federal
securities  laws.  These  forward-looking   statements  include,  among  others,
statements   concerning   the   Company's    expectations   regarding   business
opportunities and market trends, competition,  sales trends, the availability of
debt and equity capital to fund the Company's  capital  requirements,  and other
statements of expectations,  beliefs,  future plans and strategies,  anticipated
events or  trends,  and  similar  expressions  concerning  matters  that are not
historical  facts.  The  forward-looking  statements in this Quarterly Report on
Form 10-QSB for the  quarterly  period ended April 30, 2002 are subject to risks
and  uncertainties  that could cause actual  results to differ  materially  from
those results expressed in or implied by the statements contained herein.

Overview

     Treasury  International,  Inc.'s  (the  "Company")  objective  is to create
shareholder  value by acquiring  and/or  developing  operations and  proprietary
assets that  generate  sustainable  revenues  and which yield  long-term  growth
potential. The Company's operations are located primarily in North America.

     During the next few years, the Company expects to continue to implement its
development  strategy.  The Company's  development  strategy includes  acquiring
operations and assets that meet the following objectives:  (i) allow the Company
to gain strategic position,  (ii) improve asset productively,  and (iii) improve
growth potential in both emerging  technologies and key targeted vertical market
sectors.  To increase  market share,  the Company may also attempt to acquire or
seek alliances with key  competitors and other companies that may have important
products and synergies with the Company's existing operations and products.

     The Company's management team has revised both the Company's  restructuring
plans and the  Company's  operations.  Management  believes  the  Company is now
positioned to attract new investment and identify potential acquisition targets.

     The Company's  current business is the design,  development and delivery of
internet-based   enterprise   management   and   communication   solutions   for
organizations  with less than 500 employees and sales of less than $100,000,000.
The Company's products facilitate the sharing of  business-critical  information
between employees,  trading partners and customers to streamline  processes,  to
encourage knowledge transfer and to build competitive  advantage.  The Company's
operations include  Retailport.com,  Inc. and  Webco-ops.com,  Inc.. The Company
also owns the following  suite of  proprietary  software  assets and  activities
known as the  Active  Business  Solutions:  ActiveRMS,  ActiveCommerce,ActiveCD,
ActiveDataBank,ActiveHost and ActiveDesign.








                                       12
<PAGE>

Three Month Period Ended April 30, 2002

     Revenues  from  operations  for the three month period ended April 30, 2002
were $7,000 as compared  to $42,067 for the three month  period  ended April 30,
2001, a decrease of $35,067.  Operating  revenues include only stock sales since
there were no product sales  activities  completed during the three month period
ended April 30, 2002.

     Since no products were sold during the first  quarter of 2002,  the cost of
goods sold was $0.00 of  operating  revenues for the three month ended April 30,
2002,  as compared to $41,362 of  operating  revenues  for the three month ended
April 30, 2001.  The  Company's  policy is to report all costs of producing  its
products in the period they are incurred and this  negatively  impacts its gross
margin  if  corresponding  revenues  are not  recognized  in the same  reporting
period.

     General  and  administrative  expenses  decreased  to $30,797 for the three
month  period  ended April  30,2002,  as compared to $74,339 for the three month
period ended April 30, 2001 due to the sale of the Company's Compelis subsidiary
in August,  2001.  General and  administrative  costs  include the normal  costs
associated with the ongoing operations and administration of a public company.

     The  Company's  ability to develop  and market  new  products  and  product
enhancements  in a timely  manner is subject to various  factors,  including the
availability of adequate financial resources to support such efforts, as well as
other factors outside the control of the Company. There can be no assurance that
the Company will be  successful  in  developing  and  marketing new products and
product enhancement.

     As a result  of the  foregoing  factors,  the  Company  recorded  a loss of
$115,115  for the three  month  ended  April  30,2002,  as compared to a loss of
$132,791 for the three month ended April 30, 2001.

Liquidity and Capital Resources

     The Company believes, based on its currently proposed plans and assumptions
relating to its existing assets,  that its projected cash flows from operations,
combined  with  borrowings  and/or the sale of common  stock or assets,  will be
sufficient to meet its operating  and financing  requirements  through April 30,
2002.  However,  depending on the actual results of operations,  the Company may
seek to raise  additional  debt or equity  capital  through  public  or  private
financings,  increase its current lending facilities,  or seek  project-specific
financings.  There can be no  assurances  that the Company will be successful in
raising the required capital in a timely basis and/or under acceptable terms and
conditions,  and the  Company's  inability  to do so may impair  its  ability to
implement its business plan.










                                       13
<PAGE>

Recent Accounting Pronouncements

     In June 1998, the Financial Accounting Standards Board issued Statement No.
133,"Accounting for Derivative for financial  statements for all fiscal quarters
of all fiscal years beginning after June 15, 2000. SFAS No. 133 standardizes the
accounting for derivative instruments,  including certain derivative instruments
embedded in other  contracts,  by requiring that an entity recognize those items
as assets or  liabilities  in the  statements of financial  position and measure
them at fair value. SFAS No. 133 for its fiscal year beginning  February 1,2001.
The Company currently does not have any derivative instruments nor is it engaged
in any hedging activities, thus the Company does not believe that implementation
of  SFAS  No.  133  will  have a  material  effect  on its  financial  statement
presentation and disclosures.

     In December  1999,  the Staff of the  Securities  and  Exchange  Commission
issued Staff  Accounting  Bulletin No. 101,  "Revenue  Recognition  in Financial
Statements" ("SAB No. 101"). SAB No. 101, as amended by SAB No. 101A and SAB No.
101B,  is  effective  no later than the fourth  fiscal  quarter of fiscal  years
beginning  after  December 15, 1999.  SAB No. 101 provides the Staff's  views in
applying   generally   accepted   accounting   principles  to  selected  revenue
recognition  issues.  The Company  believes that it currently  complies with the
accounting  and  disclosures  provisions  described  in SAB No.  101 will have a
material effect on its financial statement presentation and disclosures.


         PART 11.  OTHER INFORMATION

         Item 6.  Exhibits and Reports on Form 8-K

              (a) Exhibits

              (b) Form 8-K filed August 7th, 2001

SIGNATURES

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


                          TREASURY INTERNATIONAL, INC.

Dated:  June 19, 2002                   By /s/ Dale Doner
                                           -------------------------------------
                                               Dale Doner, President


Dated:  June 19, 2002                   By /s/ Kristina Sickels
                                           -------------------------------------
                                               Kristina Sickels, Chief Financial
                                               Officer





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