<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 10-Q

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                      For the Quarter ended August 31, 2001

                                                     Commission File No. 0-10823
                                                                         -------


                             BCT INTERNATIONAL, INC.
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)

        Delaware                                        22-2358849
------------------------                 ---------------------------------------
(State of Incorporation)                 (I.R.S. Employer Identification Number)

3000 NE 30th Place, 5th Floor, Fort Lauderdale, FL                       33306
--------------------------------------------------                    ----------
(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code: (954) 563-1224
                                                    --------------



Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 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 ___.
                                       ---

               Number of shares of common stock outstanding as of
                           October 5, 2001: 5,828,458

<PAGE>

                             BCT INTERNATIONAL, INC.



                                      INDEX

<TABLE>
<CAPTION>
                                                                                          PAGE
                                                                                         NUMBER
<S>                                                                                      <C>
PART I.   FINANCIAL INFORMATION

          CONDENSED CONSOLIDATED BALANCE SHEETS - August 31, 2001 and February 28,
          2001 .......................................................................        2

          CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - for the three months
          ended August 31, 2001 and August 31, 2000 and the six months ended August
          31, 2001 and August 31, 2000 ...............................................        3

          CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - for
          the six months ended August 31, 2001 .......................................        4

          CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - for the six months ended
          August 31, 2001 and August 31, 2000 ........................................        5

          Notes to Condensed Consolidated Financial Statements .......................      6-7

          Management's Discussion and Analysis of Financial Condition and Results of
          Operations .................................................................      8-9


PART II.  OTHER INFORMATION AND SIGNATURES

          Signatures .................................................................       10
</TABLE>

<PAGE>

                          PART I. FINANCIAL STATEMENTS

                             BCT INTERNATIONAL, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)
                                 (000's omitted)

<TABLE>
<CAPTION>
ASSETS                                                           August  31, 2001     February 28, 2001
------                                                           ----------------     -----------------
<S>                                                              <C>                  <C>
Current assets:
   Cash and cash equivalents                                             $  3,170              $  1,799
   Accounts and notes receivable, net                                       2,043                 3,568
   Inventory, net                                                           2,375                 2,352
   Assets held for sale, net                                                  150                    63
   Prepaid expenses and other current assets                                  111                    71
   Deferred income taxes                                                      321                   321
                                                                         --------              --------
       Total current assets                                                 8,170                 8,174

Accounts and notes receivable, net                                          6,511                 6,362
Property and equipment at cost, net                                           423                   473
Deferred income taxes                                                         809                   925
Deposits and other assets                                                      24                    24
Trademark and other intangible assets, net                                    219                   232
                                                                         --------              --------
       Total assets                                                      $ 16,156              $ 16,190
                                                                         ========              ========

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
Current liabilities:
   Accounts payable                                                      $    286              $    597
   Notes payable                                                               86                    86
   Accrued liabilities                                                        563                   403
   Deferred revenue                                                           167                   167
                                                                         --------              --------
       Total current liabilities                                            1,102                 1,253

Deferred revenue                                                              320                   417
   Notes payable                                                              194                   236
                                                                         --------              --------
       Total liabilities                                                    1,616                 1,906
                                                                         --------              --------


Stockholders' equity:
   Common stock, $.04 par value, 25,000 shares authorized,
     5,828 shares issued (5,822 shares in fiscal 2001)                        233                   233
   Paid in capital                                                         12,605                12,597
   Retained earnings                                                        3,274                 2,998
                                                                         --------              --------
                                                                           16,112                15,828
   Less: Treasury stock, at cost, 707 shares (686 shares
     in fiscal 2001)                                                       (1,572)               (1,544)
                                                                         --------              --------
     Total stockholders' equity                                            14,540                14,284
                                                                         --------              --------
     Total liabilities and stockholders' equity                          $ 16,156              $ 16,190
                                                                         ========              ========
</TABLE>

See notes to condensed consolidated financial statements.

                                        2

<PAGE>

                             BCT INTERNATIONAL, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                        Three Months Ended                    Six Months Ended
                                                             August 31,                           August 31,
                                                       2001             2000                  2001          2000
                                                       ---------------------                --------------------
<S>                                              <C>             <C>                   <C>           <C>
Revenues:

    Royalties and franchise fees                 $     1,266     $     1,286           $    2,614    $     2,757
    Paper and printing sales                           3,110           3,314                6,385          6,911
    Sales of Franchises                                    9               9                   22             24
    Interest and other                                   144             147                  312            269
                                                 -----------     -----------           ----------    -----------
                                                       4,529           4,756                9,333          9,961
                                                 -----------     -----------           ----------    -----------

Expenses:

    Cost of paper and printing sales                   2,696           2,798                5,527          5,877
    Selling, general and administrative                1,434           1,287                3,240          2,553
    Depreciation and amortization                         57              54                  114            101
                                                 -----------     -----------           ----------    -----------
                                                       4,187           4,139                8,881          8,531
                                                 -----------     -----------           ----------    -----------

Income from continued operations
    before income taxes                                  342             617                  452          1,430

Provision for income taxes                               133             240                  176            557
                                                 -----------     -----------           ----------    -----------
Income from continued operations                         209             377                  276            873

Discontinued operations:
Loss from company owned franchises operated
    under a plan of disposition net of tax
    benefit                                              ---             (31)                 ---            (31)
                                                 -----------     -----------           ----------    -----------

Net income                                       $       209     $       346           $      276    $       842
                                                 ===========     ===========           ==========    ===========

Earnings per share:

Income from continued operations                 $       .04     $       .07           $      .05    $       .17
Loss from discontinued operations                        ---            (.01)                 ---           (.01)
                                                 -----------     -----------           ----------    -----------
    Basic                                        $       .04     $       .07           $      .05    $       .16
                                                 ===========     ===========           ==========    ===========

Income from continued operations                 $       .04     $       .07           $      .05    $       .17
Loss from discontinued operations                        ---            (.01)                 ---           (.01)
                                                 -----------     -----------           ----------    -----------
    Diluted                                      $       .04     $       .07           $      .05    $       .16
                                                 ===========     ===========           ==========    ===========
</TABLE>

See notes to condensed consolidated financial statements.

                                        3

<PAGE>

                             BCT INTERNATIONAL, INC.
      CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
                        SIX MONTHS ENDED AUGUST 31, 2001
                                   (UNAUDITED)
                                  000's omitted
                                  -------------

<TABLE>
<CAPTION>
                                     Common Stock                                               Less:
                                ----------------------
                                Number of        Par        Paid In      Retained     Treasury
                                 Shares         Value       Capital      Earnings       Stock          Total
                                -----------------------------------------------------------------------------
<S>                             <C>            <C>         <C>          <C>           <C>            <C>
Balance February 28, 2001         5,822        $   233     $ 12,597     $   2,998     $ (1,544)      $ 14,284

Other transactions                    6            ---            8           ---          (28)           (20)

Net income                          ---            ---          ---           276          ---            276
                                -------        -------     --------     ---------     --------       --------

Balance August 31, 2001           5,828        $   233     $ 12,605     $   3,274     $ (1,572)      $ 14,540
                                =======        =======     ========     =========     ========       ========
</TABLE>

See notes to condensed consolidated financial statements.

                                        4

<PAGE>

                             BCT INTERNATIONAL, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                                 (000's omitted)

<TABLE>
<CAPTION>
                                                                 Six months ended
                                                                    August 31,

                                                                2001          2000
                                                             ----------    ----------
<S>                                                          <C>           <C>
Cash flows from operating activities:
   Net income                                                $      276    $      842
   Plus loss from discontinued operations                           ---            31
                                                             ----------    ----------
   Income from continued operations                                 276           873
   Adjustments to reconcile net income to net cash (used)
     provided by operating activities:
       Depreciation and amortization                                114           101
       Provision for doubtful accounts                              450            50
       Provision for inventory obsolescence                          50            12
       Other adjustments                                            (12)           (1)
   Changes in operating assets and liabilities:
       Accounts and notes receivable                                826          (217)
       Inventory                                                    (73)         (304)
       Assets held for sale                                          (3)          101
       Prepaid expenses and other assets                            (40)           21
       Deferred income taxes                                        116           (23)
       Accounts payable and accrued liabilities                    (151)         (906)
       Deferred revenue                                             (97)          (81)
                                                             ----------    ----------

   Net cash provided (used) by continued operations               1,456          (374)
   Net cash (used) by discontinued operations                       ---           (25)
                                                             ----------    ----------
     Net cash provided (used) by operating activities             1,456          (399)
                                                             ----------    ----------

Cash flows from investing activities:
   Capital expenditures                                             (51)         (132)
                                                             ----------    ----------
       Net cash (used in) investing activities                      (51)         (132)
                                                             ----------    ----------

Cash flows from financing activities:
   Principal payments on notes payable                              (42)          (59)
   Exercise of options for common stock                               8           ---
                                                             ----------    ----------
   Net cash (used in) financing activities                          (34)          (59)
                                                             ----------    ----------
Net increase (decrease) in cash and cash equivalents              1,371          (590)

Cash and cash equivalents at beginning of period                  1,799         1,906
                                                             ----------    ----------

Cash and cash equivalents at end of period                   $    3,170    $    1,316
                                                             ==========    ==========
</TABLE>

See notes to condensed consolidated financial statements.

                                        5

<PAGE>

                             BCT INTERNATIONAL, INC.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                 (000's omitted)

                                 August 31, 2001
                                 ---------------

1.   In the opinion of management, the foregoing unaudited condensed
     consolidated financial statements contain all normal recurring adjustments
     necessary to present fairly the financial position of the Company as of
     August 31, 2001.

2.   The results for the three and six month periods ended August 31, 2001 and
     2000, are not necessarily indicative of results that may be expected for
     the fiscal year.

3.   For the three and six months ended August 31, 2001 and 2000, basic earnings
     per common share are calculated by dividing net earnings applicable to
     common stock by the weighted average number of shares of common stock
     outstanding. Diluted earnings per common share are calculated by dividing
     net earnings applicable to common stock by the weighted average number of
     shares of common stock outstanding and common stock equivalents which
     consist of stock options.

4.   The Company utilizes an asset and liability approach in accounting for
     income taxes that requires the recognition of deferred tax assets and
     liabilities for the expected future tax consequences of events that have
     been recognized in the Company's financial statements or tax return. In
     estimating future tax consequences, consideration is given to all expected
     future events other than enactments of changes in the tax law or rates.

5.   On August 15, 2001, the Company's Board of Directors approved an agreement
     between the Company and its Chairman, President and Chief Executive Officer
     (Chief Executive) to guarantee a $2 million line of credit with a bank. The
     Chief Executive obtained the line of credit to finance the purchase of
     shares of the Company's common stock through Phoenix Group of Florida,
     Inc., a company 100% owned by the Chief Executive. As of September 28,
     2001, Phoenix Group of Florida, Inc. has acquired 1,033,738 shares of the
     Company's common stock with proceeds from the line of credit. As a result,
     the Chief Executive has beneficial ownership of 48% of the Company's common
     stock as of September 28, 2001. In exchange for the guarantee, the Chief
     Executive's employment agreement with the Company was amended and will now
     expire on February 28, 2002 instead of February 28, 2003. In addition,
     should the Chief Executive fail to acquire all of the shares of the
     Company's outstanding common stock by April 15, 2002, at a price considered
     fair by the Special Committee of the Company's Board of Directors, the
     Company will have the option to purchase the shares acquired by the Chief
     Executive at the prices paid by the Chief Executive, and the Company will
     be entitled to reimbursement by the Chief Executive of its expenses
     incurred in connection with the proposed acquisition.

6.   On August 31, 2001, the Company was informed by the Nasdaq National Market
     that the Company's stock would be delisted effective September 10, 2001 for
     failure to meet the minimum market value of public float of $5 million as
     prescribed by Nasdaq Market Rule 4450 (a) (2). Accordingly, on September
     10, 2001 the Company's common stock was delisted and since that date it has
     traded on the OTC Bulletin Board.

7.   In June 2001, the FASB unanimously voted in favor of SFAS 141, "Business
     Combinations," and SFAS 142, "Goodwill and Other Intangible Assets." SFAS
     141 requires that the purchase method of accounting be used for all
     business combinations completed after June 30, 2001. SFAS 141 also
     specifies the types of acquired intangible assets that are required to be
     recognized and reported separately from goodwill and those acquired
     intangible assets that are required to be included in goodwill. SFAS 142
     will require that goodwill no longer be amortized, but instead tested for
     impairment at least annually. SFAS 142 will also require recognized
     intangible assets be amortized over their respective estimated useful lives
     and reviewed for impairment in accordance with SFAS 121, "Accounting for
     the Impairment of Long-Lived Assets and for Long-Lived Assets to Be
     Disposed Of." Any recognized intangible asset determined to have an
     indefinite useful life will not be amortized, but instead tested for
     impairment in accordance with the Standard until its life is determined to
     no longer be indefinite. SFAS 141 is effective for all business
     combinations initiated after June 30, 2001, while the provisions of SFAS
     142 are effective for fiscal years beginning after December 15, 2001, and
     are effective for interim periods in the initial year of adoption. The
     Company is currently analyzing the effect the adoption of these standards
     will have on its financial statements

                                        6

<PAGE>

BCT INTERNATIONAL, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Continued...
(UNAUDITED)  (000's omitted)
August 31, 2001


8.   The Company has three reporting segments (1) Franchisor Operations, (2)
     Pelican Paper Products, and (3) Other Operations. The Company evaluates the
     performance of its segments based on earnings before income taxes. The
     Company is organized on the basis of business activity units. The table
     below presents information about reported segments for the three and six
     months ended August 31:

<TABLE>
<CAPTION>
For the Three Months Ended August 31,                            Pelican
                                        Franchisor                Paper                 Other              Total
                                       -----------              ----------            ----------         ----------
<S>                                    <C>                      <C>                   <C>                <C>
2001

Revenues                               $     1,275              $    3,110            $      144         $    4,529
Cost of sales                                  ---                   2,696                   ---              2,696
Operating expenses                           1,344                     147                   ---              1,491
                                       -----------              ----------            ----------         ----------
Income (loss) before income taxes      $       (69)             $      267            $      144         $      342
                                       ===========              ==========            ==========         ==========

Depreciation and amortization          $        30              $       27            $      ---         $       57
                                       ===========              ==========            ==========         ==========
Income tax (benefit) provision         $       (27)             $      104            $       56         $      133
                                       ===========              ==========            ==========         ==========
Capital expenditures                   $        37              $        7            $      ---         $       44
                                       ===========              ==========            ==========         ==========

2000

Revenues                               $     1,295              $    3,314            $      147         $    4,756
Cost of sales                                  ---                   2,798                   ---              2,798
Operating expenses                           1,023                     318                   ---              1,341
                                       -----------              ----------            ----------         ----------
Income before income taxes             $       272              $      198            $      147         $      617
                                       ===========              ==========            ==========         ==========

Depreciation and amortization          $        33              $       21            $      ---         $       54
                                       ===========              ==========            ==========         ==========
Income tax provision                   $       106              $       77            $       57         $      240
                                       ===========              ==========            ==========         ==========
Capital expenditures                   $         8              $       80            $      ---         $       88
                                       ===========              ==========            ==========         ==========

For the Six Months Ended August 31,                              Pelican
                                        Franchisor                Paper                 Other              Total
                                       -----------              ----------            ----------         ----------

2001

Revenues                               $     2,636              $    6,385            $      312         $    9,333
Cost of sales                                  ---                   5,527                   ---              5,527
Operating expenses                           3,068                     286                   ---              3,354
                                       -----------              ----------            ----------         ----------
Income (loss) before income taxes      $      (432)             $      572            $      312         $      452
                                       ===========              ==========            ==========         ==========

Depreciation and amortization          $        60              $       54            $      ---         $      114
                                       ===========              ==========            ==========         ==========
Income tax (benefit) provision         $      (169)             $      223            $      122         $      176
                                       ===========              ==========            ==========         ==========
Capital expenditures                   $        44              $        7            $      ---         $       51
                                       ===========              ==========            ==========         ==========

2000

Revenues                               $     2,781              $    6,911            $      269         $    9,961
Cost of sales                                  ---                   5,877                   ---              5,877
Operating expenses                           2,199                     455                   ---              2,654
                                       -----------              ----------            ----------         ----------
Income before income taxes             $       582              $      579            $      269         $    1,430
                                       ===========              ==========            ==========         ==========

Depreciation and amortization          $        61              $       40            $      ---         $      101
                                       ===========              ==========            ==========         ==========
Income tax provision                   $       226              $      226            $      105         $      557
                                       ===========              ==========            ==========         ==========
Capital expenditures                   $        20              $      112            $      ---         $      132
                                       ===========              ==========            ==========         ==========
</TABLE>

                                        7

<PAGE>

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                  ---------------------------------------------

                                 August 31, 2001
                                 ---------------

Results of Operations
---------------------

Total revenues decreased $227,000, or 5% for the three months ended August 31,
2001 as compared to the corresponding period in the prior fiscal year. The
decrease in revenue is attributable primarily to decreases in (i) royalty
revenue ($20,000 or 1.6%) and (ii) paper and printing sales ($204,000 or 6.2%).

Total revenues decreased $628,000, or 6.3% for the six months ended August 31,
2001 as compared to the corresponding period in the prior fiscal year. The
decrease in revenue is attributable primarily to decreases in (i) royalty
revenue ($143,000 or 5.2%) and (ii) paper and printing sales ($526,000 or 7.6%).

The decrease in royalty revenue is due mainly to the closing of three franchises
in fiscal 2001 and the loss of a national account in Canada. The decrease in
paper and printing sales resulted from the decrease in BCT system sales and the
implementation of stricter collection policies.

Cost of paper and printing sales as a percentage of paper and printing sales was
87% for the three and six months ended August 31, 2001 as compared to 84% and
85%, respectively, for the corresponding periods in fiscal 2001.

Selling and administrative expenses represented 32% and 35% of gross revenues
for the three and six months ended August 31, 2001 as compared to 27% and 26%
for the corresponding periods in fiscal 2001. The selling and administrative
expense percentage is higher in the current fiscal year due mainly to an
additional $400,000 provision for bad debt, as well as severance expenses of
$300,000, incurred related to changes at the President and CEO position.

Liquidity and Capital Resources
-------------------------------

Cash resources increased $1,371,000 during the six months ended August 31, 2001.
The Company used cash to make principal payments on debt of $42,000, to make
capital expenditures of $51,000 and to reduce accounts payable and accrued
liabilities $151,000.

The Company plans to continue to improve its working capital and cash positions
during fiscal 2002 by continuing its efforts to (i) increase cash collections;
and (ii) increase marketing to new customer channels through orderprinting.com,
its proprietary internet based ordering system.

The Company believes current cash reserves and internally generated funds will
be sufficient to satisfy the Company's working capital and capital expenditure
requirements for the foreseeable future; however, there can be no assurance that
external financing will not be needed. The Company has available a $2 million
line of credit with a bank. No advances have been made on the line.

                                        8

<PAGE>

Certain information contained in this report, particularly information regarding
future economic performance and finances, plans and objectives of management,
constitutes "forward-looking statements" within the meaning of the federal
securities laws. In some cases, information regarding certain important factors
that could cause actual results to differ materially from any forward-looking
statement appear together with such statement. In addition, the following
factors, in addition to other possible factors not listed, could affect the
Company's actual results and cause such results to differ materially from those
expressed in forward-looking statements. These factors include competition
within the wholesale printing industry, which is intense; changes in general
economic conditions; technological changes; changes in customer tastes; legal
claims; the continued ability of the Company and its franchisees to obtain
suitable locations and financing for new Franchises as well as expansion of
existing Franchises; governmental initiatives, in particular those relating to
franchise regulation and taxation; and risk factors detailed from time to time
in the Company's filings with the Securities and Exchange Commission.

Quantitative and Qualitative Disclosures About Market Risk
----------------------------------------------------------

The Company had no outstanding balances subject to market risk during the period
covered by this report. The Company has a $2 million line of credit with a bank
which bears interest at LIBOR + 2.35%. No advances have been made on the line.

                                        9

<PAGE>

                                   SIGNATURES

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

                                   BCT INTERNATIONAL, INC.
                                         (Registrant)


Date: October 5, 2001              William Wilkerson
      ------------------           -------------------------------
                                   William Wilkerson
                                   Chairman, President & Chief Executive Officer


Date: October 5, 2001              Michael R. Hull
      ------------------           -------------------------------
                                   Michael R. Hull
                                   Vice President & Chief Financial Officer

                                       10