X...Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended March 31, 2002.

....Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
transition period from _________ to _________.

Commission File No:  0-29803

**SAFE ID CORPORATION**

(Name of small business in its charter)

|Nevada | 0-29803 | 88-0407078
|------ | ------- | ----------

|(State or other jurisdiction of
incorporation) | (Commission File Number) | (IRS Employer Identification
Number)
|---------------------------------------------- | ------------------------ | ------------------------------------

|Suite B3, 1700 Varsity Estates Drive

NW Calgary, Alberta, CANADA | T3B-2W9 
|----------------------------------------------------------------- | --------
|(Address of Principal Office)                                     | Zip Code



Issuer's telephone number: (403) 247-4630



Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Securities 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 issuers involved in bankruptcy proceedings during the past five years.

Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13
or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
Yes .....  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.  At March 31, 2002, the following shares of common were outstanding:
Common Stock, no par value, 22,584,000 shares.

Transitional Small Business Disclosure Format (Check one): Yes .....     No ..X..

PART 1 - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

(a)  The unaudited financial statements of registrant for the three months ended March 31, 2002,
follow.  The financial statements reflect all adjustments which are, in the opinion of
management, necessary to a fair statement of the results for the interim period presented.









|INDEX TO FINANCIAL STATEMENTS:                  | 
|----------------------------------------------- | 
|                                                | 
|Balance Sheets                                  | 
|Statements of Operations                        | 
|Statements of Stockholders' Equity (Deficiency) | 
|Statements of Cash Flows                        | 
|Notes to Financial Statements                   | 



**SAFE ID CORPORATION**

******(A Development Stage Company)**

**Balance Sheets**

******(Unaudited)**

**(U.S. Dollars)**

|                                                                     | **March 31,** | **December 31,**
|-------------------------------------------------------------------- | ------------- | ----------------
|                                                                     | **2002**      | **2001**        
|                                                                     |               |                 
|******Assets**                                                       |               |                 
|                                                                     |               |                 
|**Current**                                                          |               |                 
|Cash                                                                 | $631          | $7,966          
|Note receivable                                                      | 20,881        | 20,881          
|                                                                     |               |                 
|**Total Assets**                                                     | $21,512       | $28,847         
|                                                                     |               |                 
|******Liabilities**                                                  |               |                 
|                                                                     |               |                 
|**Current**                                                          |               |                 
|Accounts payable                                                     | $32,309       | $39,954         
|                                                                     |               |                 
|**Due to Stockholders**                                              | 68,052        | 65,489          
|                                                                     |               |                 
|**Total Liabilities**                                                | 100,361       | 105,443         
|                                                                     |               |                 
|******Stockholders' Deficiency**                                     |               |                 
|                                                                     |               |                 
|**Common Stock**, 50,000,000 shares authorized, par value of $0.001, |               |                 
|22,584,000 (2001 - 22,584,000) shares issued and outstanding         | 22,584        | 22,584          
|**Additional Paid-In Capital**                                       | 33,416        | 33,416          
|**Deficit Accumulated During the Development Stage**                 | (134,104)     | (131,855)       
|**Accumulated Other Comprehensive Loss**                             | (745)         | (741)           
|                                                                     |               |                 
|**Total Stockholders' Deficiency**                                   | (78,849)      | (76,596)        
|                                                                     |               |                 
|**Total Liabilities and Stockholders' Equity**                       | $21,512       | $28,847         

************See note to financial statements.****

**SAFE ID CORPORATION******

**(A Development Stage Company)**

**Statements of Operations**

**(Unaudited)**

**(U.S. Dollars)**

| |  |  | ****Period From      
| |  |  | ---------------------
| |  |  | ******June 27, 1996**

| | **Three Months Ended March 31,** | ******(Inception) to**
| | -------------------------------- | ----------------------

|                            | **2002**         | ******2001**     | ******March 31, 2002**
|--------------------------- | ---------------- | ---------------- | ----------------------
|                            |                  |                  |                       
|**Revenue**                 | $0               | $0               | $21,490               
|**Cost of Sales**           | 0                | 0                | 16,555                
|                            |                  |                  |                       
|**Gross Profit**            | 0                | 0                | 4,935                 
|                            |                  |                  |                       
|**Expenses**                |                  |                  |                       
|Selling and administrative  | 953              | 100              | 10,206                
|Rent                        | 755              | 483              | 8,347                 
|Consulting                  | 400              | 0                | 40,860                
|Bank charges                | 141              | 14               | 538                   
|Travel                      | 0                | 0                | 5,629                 
|Professional fees           | 0                | 0                | 73,459                
|                            |                  |                  |                       
|                            | 2,249            | 597              | 139,039               
|                            |                  |                  |                       
|**Net Loss for Period**     | $(2,249)         | $(597)           | $(134,104)            
|                            |                  |                  |                       
|**Net Loss Per Share**      | $           0.00 | $           0.00 |                       
|                            |                  |                  |                       
|**Weighted Average Number** |                  |                  |                       
|**of Shares Outstanding**   | 22,584,000       | 22,993,066       |                       

See note to financial statements.

******SAFE ID CORPORATION**

**(A Development Stage Company)**

**Statements of Stockholders' Equity (Deficiency)**

**(U.S. Dollars)**

|                                         |               |         |            |               | Deficit     |              
|---------------------------------------- | ------------- | ------- | ---------- | ------------- | ----------- | -------------
|                                         |               |         |            |               | Accumulated |              
|                                         | Common        | Common  | Additional | Other         | During the  | Total        
|                                         | Stock         | Stock   | Paid-in    | Comprehensive | Development | Stockholders'
|                                         | Number        | Amount  | Capital    | Loss          | Stage       | Equity       
|                                         |               |         |            |               |             | (Deficiency) 
|******Balance, June 27, 1996**           | 0             | $0      | $0         | $0            | $0          | $0           
|******Common Stock Issued for Services** | 6,000,000     | 6,000   | (5,000)    | 0             | 0           | 1,000        
|******Net Loss, June 27, 1996**          |               |         |            |               |             |              
|**to December 31, 1996**                 | 0             | 0       | 0          | 0             | (1,000)     | (1,000)      
|                                         |               |         |            |               |             |              
|Balance, December 31, 1996               | 6,000,000     | 6,000   | (5,000)    | 0             | (1,000)     | 0            
|******Net Loss, Year Ended**             |               |         |            |               |             |              
|**December 31, 1997**                    | 0             | 0       | 0          | 0             | 0           | 0            
|                                         |               |         |            |               |             |              
|****Balance, December 31, 1997           | 6,000,000     | 6,000   | (5,000)    | 0             | (1,000)     | 0            
|******Net Loss, Year Ended**             |               |         |            |               |             |              
|**December 31, 1998**                    | 0             | 0       | 0          | 0             | (350)       | (350)        
|                                         |               |         |            |               |             |              
|****Balance, December 31, 1998           | 6,000,000     | 6,000   | (5,000)    | 0             | (1,350)     | (350)        
|******Common Stock Issued**              |               |         |            |               |             |              
|For services                             | 9,000,000     | 9,000   | 21,000     | 0             | 0           | 30,000       
|For cash                                 | 9,000,000     | 9,000   | 21,000     | 0             | 0           | 30,000       
|******Net Loss, Year Ended**             |               |         |            |               |             |              
|**December 31, 1999**                    | 0             | 0       | 0          | 0             | (51,861)    | (51,861)     
|******Share Issue Costs**                | 0             | 0       | (5,000)    | 0             | 0           | (5,000)      
|                                         |               |         |            |               |             |              
|****Balance, December 31, 1999           | 24,000,00000  | 24,000  | 32,000     | 0             | (53,211)    | 2,789        
|******Net Loss, Year Ended**             |               |         |            |               |             |              
|******December 31, 2000**                | 0             | 0       | 0          | 0             | (49,217)    | (49,217)     
|                                         |               |         |            |               |             |              
|****Balance, December 31, 2000           | 24,000,000    | 24,000  | 32,000     | 0             | (102,428)   | (46,428)     
|******Common Stock Repurchases**         | (1,416,000)0) | (1,416) | 1,416      | 0             | 0           | 0            
|******Foreign Currency Translation**     | 0             | 0       | 0          | (741)         | 0           | (741)        
|******Net Loss, Period Ended**           |               |         |            |               |             |              
|******December 31, 2001**                | 0             | 0       | 0          | 0             | (29,427)    | (29,427)     
|                                         |               |         |            |               |             |              
|****Balance, December 31, 2001           | 22,584,000    | 22,584  | 33,416     | (741)         | (131,855)   | (76,596)     
|******Foreign Currency Translation**     | 0             | 0       | 0          | (4)           | 0           | (4)          
|******Net Loss, Period Ended**           |               |         |            |               |             |              
|******March 31, 2002**                   | 0             | 0       | 0          | 0             | (2,249)     | (2,249)      
|                                         |               |         |            |               |             |              
|Balance,                                 |               |         |            |               |             |              
|March 31, 2002                           | 22,584,000    | $22,584 | $33,416    | $(745)        | $(134,104)  | $(78,849)    



****See note to financial statements.

**SAFE ID CORPORATION**

**(A Development Stage Company)**

**Statements of Cash Flows**

**(Unaudited)**

**(U.S. Dollars)**

| |  |  | **************Period From**
| |  |  | ---------------------------
| |  |  | **********June 27,1996**   

| | **Three Months Ended March 31,** | **(Inception) to**
| | -------------------------------- | ------------------

|                                                   | **2002** | **2001** | **March 31, 2002**
|-------------------------------------------------- | -------- | -------- | ------------------
|                                                   |          |          |                   
|                                                   |          |          |                   
|**Cash Flows from Operating Activities**           |          |          |                   
|Net loss                                           | $(2,249) | $(597)   | $(134,104)        
|Adjustment to reconcile net loss                   |          |          |                   
|to net cash used in operating                      |          |          |                   
|activities                                         |          |          |                   
|Issuance of common stock for payment               |          |          |                   
|of services and intellectual property              | 0        | 0        | 31,000            
|                                                   |          |          |                   
|**Changes in Non-Cash Working Capital**            |          |          |                   
|Accounts payable                                   | (7,645)  | (400)    | 32,309            
|                                                   |          |          |                   
|**Net Cash Used In Operating Activities**          | (9,894)  | (997)    | (70,795)          
|                                                   |          |          |                   
|**Investing Activity**                             |          |          |                   
|Note receivable advance                            | 0        | 0        | (20,881)          
|                                                   |          |          |                   
|**Financing Activities**                           |          |          |                   
|Advances from stockholders                         | 2,563    | 655      | 68,052            
|Issuance of common stock                           | 0        | 0        | 25,000            
|                                                   |          |          |                   
|**Net Cash Provided by Financing Activities**      | 2,563    | 655      | 93,052            
|                                                   |          |          |                   
|**Effect of Foreign Currency Translation on Cash** | (4)      | 0        | (745)             
|                                                   |          |          |                   
|**Cash Inflow****(Outflow)**                       | (7,335)  | (342)    | 631               
|**Cash, Beginning of Period**                      | 7,966    | 844      | 0                 
|                                                   |          |          |                   
|**Cash, End of Period**                            | $631     | $502     | $631              

****See note to financial statements.

**SAFE ID CORPORATION******

**(A Development Stage Company)**

**Note to Financial Statements**

**(U.S. Dollars)**

******1.	BASIS OF PRESENTATION**

These unaudited consolidated financial statements have been prepared in accordance with
generally accepted accounting principles in the United States for interim financial
information.  These financial statement are condensed and do not include all disclosures
required for annual financial statements.  The organization and business of the Company,
accounting policies followed by the Company and other information are contained in the
notes to the Company's audited financial statements filed as part of the Company's December
31, 2001 Form 10-SB-12G.

In the opinion of the Company's management, these financial statements reflect all
adjustments necessary to present fairly the Company's financial position at March 31, 2002
and the  results of operations and cash flows for the three months ended March 31, 2002 and
2001.  The results of operations for the three months ended March 31, 2002 are not
necessarily indicative of the results to be expected for the entire fiscal year.

****

****ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion contains certain statements that may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Any
statements that refer to expectations, projections or other characterization of future events or
circumstances, and especially those which include variations of the words "believes," "intends,"
"estimates," "anticipates," "expects," "plans," or similar words or variations thereof, are likely to
be forward-looking statements, and as such, are likely to concern matters involving risk,
uncertainty, unpredictability and other factors that could materially and adversely affect the
outcome or results indicated by or inferred from the statements themselves. Therefore, the reader
is advised that the following discussion should be considered in light of the discussion of risks
and other factors contained in this Form 10QSB and in the Company's other filings with the
Securities and Exchange Commission, and that no statements contained in the following
discussion or in this Form 10QSB should be construed as a guarantee or assurance of future
performance or future results.



Plan of Operations



As of March 31, 2002, the Company remains in the development stage.  It has minimal
capital resources presently available to meet its obligations or to continue its efforts to develop its
business.  As a result, there is substantial doubt about the Company's ability to continue as a
going concern.

The Company's current plan is to continue with efforts to develop its business related to
reselling of a product line of miniaturized micro-chips suitable for insertion into inanimate
objects or under the skin of animals.  The chips are inserted into inanimate objects or under the
skin of animals for purposes of positive identification. In order to continue with the development
of this business, the Company estimates that it would require approximately $250,000 in the next
twelve months to meet overhead (rent, salaries and operational expenses) and to pay expenses
connected with marketing (cost of goods sold and purchase of inventory).  This includes
approximately $50,000 to launch dynamic link relationships with major markets and to produce
and circulate brochures and initial advertising announcements, and approximately $200,000 in
working capital to cover general overhead and to provide liquidity during the 12-months
following launch of its product.

The Company does not currently have the necessary funds available to continue with the
development of the proposed micro-chip business, and there is no assurance that it will be able to
obtain the necessary funds in the foreseeable future.  The Company is considering offering shares
of common stock in a private placement offering as a means of raising at least a portion of the
required funds, but there is no assurance that such an offering would be successful or that it
would allow the Company to raise any significant portion of the funds which are estimated to be
required.  As a result, there is no assurance that the Company will be in a position to pursue its
plans for development of its proposed business related to resale of miniature micro-chips.

As a result of uncertainty related to the development of its miniature micro-chip business,
the Company is also considering other business opportunities.  One such business opportunity is
the acquisition of a 90,000 acre Oil & Gas property located in the Montana Northern Powder
River Basin.  The Company has engaged a professional geologist to review the property.  Based
on initial reports, management believes that the property may have lucrative potential.    The
Company would also require additional capital to acquire this property but it has no current plans
in place related to raising such capital.

In addition to continuing its efforts to develop a business or acquire a business
opportunity, the Company's plan of operations during the next twelve months also includes
continuing to comply with its periodical reporting requirements under the Securities Exchange
Act of 1934.  The Company estimates that it will require a minimum of approximately $5,000 in
additional capital during the next twelve months for this purpose.   Although the Company has
no agreement in place with its shareholders or other persons to provide capital or to pay expenses
on its behalf, it is currently anticipated that the Company will rely on loans or additional capital
contributions from shareholders to obtain the necessary funds for payment of expenses related to
compliance with its reporting obligations.

No revenues were received by the Company during the current period.  The Company
does not expect to generate any revenue until after it has completed significant further
development of its proposed micro-chip business, or until it has completed the acquisition of a
business opportunity.   As a result, the Company expects that it will incur losses each quarter at
least until it has completed a business combination.  Depending upon the performance of any
acquired business, the Company may continue to operate at a loss even following completion of a
business combination.



PART II - OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS

None.

ITEM 2.	CHANGES IN SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.	DEFAULTS UPON SENIOR SECURITIES

None.

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

None.

ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K.

(a)  No exhibits are filed as part of this report.

(b)  No reports on Form 8-K were filed by the Company for the quarter endedMarch 31, 2002.

**SIGNATURES**

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

**Safe ID Corporation**

By: /S/ MAURIZIO FORIGO

Maurizio Forigo, President and Director

By: /S/ LANCE MORGINN

Lance Morginn, Secretary and Director

Date: May 14, 2002