<PAGE>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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  June  30,  2002

[_]     Transition  Report  pursuant  to 13 or 15(d) of the Securities Exchange
        Act  of  1934

        For  the  transition  period ____________ to


          Commission File Number       000-49833
                                       ---------

                               CELLWAY VENTURES, INC.
          -----------------------------------------------------------------
          (Exact name of small Business Issuer as specified in its charter)

NEVADA                                           52-2219285
-------------------------------                  --------------------
(State or other jurisdiction of                  (IRS Employer
incorporation or organization)                   Identification No.)


375 Newcastle Avenue
Nanaimo, British Columbia, Canada                V9R  5K4
---------------------------------------          -----------
(Address of principal executive offices)         (Zip Code)

Issuer's telephone number, including area code:  (250) 754-7294
                                                 --------------

                                      None
               ----------------------------------------------------
              (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  Securities  Exchange Act of 1934 during the preceding 12
months  (or  for  such  shorter period that the issuer was required to file such
reports),  and  (2) has been subject to such filing requirements for the past 90
days  [X]  Yes    [__]  No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date:  10,115,000 Shares of $0.001 par value
Common  Stock  outstanding  as  of  September  26,  2002.


Transitional  Small  Business  Disclosure Format (check one): Yes  [ ]   No [ ]


                                     1 of 15

<PAGE>

                         PART I - FINANCIAL INFORMATION


ITEM  1.          FINANCIAL  STATEMENTS.

The accompanying unaudited financial statements have been prepared in accordance
with  the  instructions  to  Form 10-QSB and Item 310(b) of Regulation S-B, and,
therefore, do not include all information and footnotes necessary for a complete
presentation  of  financial  position,  results  of  operations, cash flows, and
stockholders'  equity  in  conformity  with  generally  accepted  accounting
principles.  In  the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been  included  and  all  such  adjustments  are  of  a normal recurring nature.
Operating  results  for  the  six months ended June 30, 2002 are not necessarily
indicative  of the results that can be expected for the year ending December 31,
2002.


                                     2 of 15

<PAGE>










                              CELLWAY VENTURES INC.
                          (A Development Stage Company)


                              FINANCIAL STATEMENTS


                                  JUNE 30, 2002
                                   (Unaudited)
                            (Stated in U.S. Dollars)










                                     3 of 15

<PAGE>


                              CELLWAY VENTURES INC.
                          (A Development Stage Company)
                                  BALANCE SHEET
                                   (Unaudited)
                            (Stated in U.S. Dollars)



-------------------------------------------------------------
                                       JUNE 30    DECEMBER 31
                                         2002         2001
-------------------------------------------------------------

ASSETS

Current
  Cash                                 $ 54,276   $ 64,643
===========================================================

LIABILITIES

Current
  Accounts payable                     $  3,522   $    140
                                       --------------------

SHAREHOLDER'S EQUITY

Share Capital
  Authorized:
    100,000,000 common shares,
     par value with $0.001 per share

  Issued and outstanding:
    10,200,000 common shares at
     June 30, 2002 and
    10,100,000 common shares at
     December 31, 2001                   10,215     10,200

  Additional paid-in capital             67,785     64,800

Deficit Accumulated During
  The Development Stage                 (27,246)   (10,497)
                                       --------------------

                                         50,754     64,503
                                       --------------------


                                       $ 54,276   $ 64,643
===========================================================



                                     4 of 15

<PAGE>

<TABLE>
<CAPTION>
                             CELLWAY  VENTURES  INC.
                         (A  Development  Stage  Company)
                          STATEMENT OF LOSS AND DEFICIT
                                   (Unaudited)
                            (Stated in U.S. Dollars)


--------------------------------------------------------------------------------

                                                                      INCEPTION
                                                                      AUGUST 17
                            THREE MONTHS ENDED      SIX MONTHS ENDED    1999 TO
                                 JUNE 30                 JUNE 30        JUNE 30
                            2002        2001        2002        2001      2002
--------------------------------------------------------------------------------
<S>                      <C>         <C>         <C>         <C>         <C>

Expenses
  Domain registration    $        -  $        -  $        -  $        -  $   140
  Transfer fees               1,210           -       1,210           -    1,210
  Professional fees           8,272           -      13,657           -   20,413
  Website development         1,810           -       1,810           -    4,810
  Office and sundry               -           -          72           -      673
                         -------------------------------------------------------

Net Loss For The Period      11,292           -      16,749           -  $27,246
                                                                         =======
Deficit Accumulated
 During The Development
 Stage, Beginning Of
 Period                      15,954      10,292      10,497      10,292
                         -----------------------------------------------
Deficit Accumulated
 During The Development
 Stage, End Of Period    $   27,246  $   10,292  $   27,246  $   10,292
========================================================================

Net Loss Per Share,
 Basic and diluted       $     0.01  $     0.00  $     0.01  $     0.00
========================================================================

Weighted Average Number
 Of Shares Outstanding   10,202,500  10,200,000  10,202,500  10,200,000
========================================================================

</TABLE>


                                     5 of 15

<PAGE>

<TABLE>
<CAPTION>

                               CELLWAY  VENTURES  INC.
                           (A  Development  Stage  Company)
                              STATEMENT OF CASH FLOWS
                                    (Unaudited)
                             (Stated in U.S. Dollars)


------------------------------------------------------------------------------------
                                                                           INCEPTION
                                                                           AUGUST 17
                                      THREE MONTHS ENDED  SIX MONTHS ENDED   1999 TO
                                             JUNE 30           JUNE 30       JUNE 30
                                          2002     2001     2002      2001      2002
------------------------------------------------------------------------------------
<S>                                   <C>       <C>      <C>       <C>     <C>

Cash Flows From Operating Activities
  Net loss for the period             $(11,292) $     -  $(16,749) $     - $(27,246)

Adjustments To Reconcile Net Loss
 To Net Cash Used By Operating
 Activities
  Change in accounts payable             3,382        -     3,382        -    3,522
                                      ----------------------------------------------
                                        (7,910)       -   (13,367)       -  (23,724)
                                      ----------------------------------------------

Cash Flows From Financing Activity

  Share capital                              -        -     3,000        -   78,000
                                      ----------------------------------------------

Increase In Cash                        (7,910)       -   (10,367)       -   54,276

Cash, Beginning Of Period               62,186   64,848    64,643   64,848        -
                                      ----------------------------------------------

Cash, End Of Period                   $ 54,276  $64,848  $ 54,276  $64,848 $ 54,276
====================================================================================
</TABLE>


                                     6 of 15

<PAGE>

<TABLE>
<CAPTION>
                              CELLWAY  VENTURES  INC.
                          (A  Development  Stage  Company)

                          STATEMENT OF STOCKHOLDERS' EQUITY

                                    JUNE 30, 2002
                                     (Unaudited)
                              (Stated in U.S. Dollars)



                                          COMMON STOCK
                                 ------------------------------
                                                     Additional
                                                      Paid-In
                                   Shares    Amount   Capital    Deficit     Total
                                 ---------------------------------------------------
<S>                              <C>         <C>      <C>       <C>        <C>
Shares issued for cash
 at $0.001                        5,000,000  $ 5,000  $      -  $      -   $  5,000

Shares issued for cash at $0.01   5,000,000    5,000    45,000         -     50,000

Net loss for the period                   -        -         -    (2,116)    (2,116)
                                 ---------------------------------------------------

Balance, December 31, 1999       10,000,000   10,000    45,000    (2,116)    52,884

Shares issued for cash at $0.20     200,000      200    19,800         -     20,000

Net loss for the year                     -        -         -    (8,176)    (8,176)
                                 ---------------------------------------------------

Balance, December 31, 2000       10,200,000   10,200    64,800   (10,292)    64,708

Net loss for the year                     -        -         -      (205)      (205)
                                 ---------------------------------------------------

Balance, December 31, 2001       10,200,000   10,200    64,800   (10,497)    64,503

Shares issued for cash at $0.20      15,000       15     2,985         -      3,000

Net loss for the period                   -        -         -   (16,749)   (16,749)
                                 ---------------------------------------------------

Balance, June 30, 2002           10,215,000  $10,215  $ 67,785  $(27,246)  $ 50,754
                                 ===================================================
</TABLE>


                                     7 of 15

<PAGE>

                              CELLWAY VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2002
                                   (Unaudited)
                            (Stated in U.S. Dollars)


1.     BASIS  OF  PRESENTATION

The unaudited financial statements as of June 30, 2002 included herein have been
prepared  without  audit pursuant to the rules and regulations of the Securities
and  Exchange Commission.  Certain information and footnote disclosures normally
included  in  financial  statements  prepared  in  accordance with United States
generally  accepted  principles  have been condensed or omitted pursuant to such
rules  and  regulations.  In  the  opinion  of  management,  all  adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation  have  been  included.  It  is  suggested  that  these  financial
statements  be  read in conjunction with the December 31, 2001 audited financial
statements  and  notes  thereto.


2.     NATURE  OF  OPERATIONS

a)     Organization

     The  Company  was incorporated in the State of Nevada, U.S.A. on August 17,
1999.

b)     Development  Stage  Activities

     The  Company  plans  to  launch  a  free  information Website to assist and
attract  people  wanting information on immigration to Canada. The Company plans
to use the Website to earn income from companies who are prepared to pay to have
Web  advertising in the form of a button or banners on the Website selling their
products or services. The Company plans to solicit advertisers who are targeting
sales  of  their  products  and  services at people using the Company's website.

c)     Going  Concern

     The  Company  will  need additional working capital to be successful in its
planned  activity  and  to service its current debt for the coming year end and,
therefore,  continuation  of  the  Company  as a going concern is dependent upon
obtaining  the additional working capital necessary to accomplish its objective.
Management  has  developed  a  strategy,  which it believes will accomplish this
objective,  and  is  presently  engaged in seeking various sources of additional
working  capital  including  equity funding through a private placement and long
term  financing.


                                     8 of 15

<PAGE>

                              CELLWAY VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2002
                                   (Unaudited)
                            (Stated in U.S. Dollars)


3.     SIGNIFICANT  ACCOUNTING  POLICIES

The  financial  statements  of the Company have been prepared in accordance with
generally accepted accounting principles in the United States. Because a precise
determination  of  many  assets and liabilities is dependent upon future events,
the  preparation  of  financial statements for a period necessarily involves the
use  of  estimates  which  have  been  made  using  careful  judgement.

The  financial  statements have, in management's opinion, been properly prepared
within  reasonable  limits  of  materiality  and  within  the  framework  of the
significant  accounting  policies  summarized  below:

a)     Development  Stage  Company

     The  Company  is  a developed stage company as defined in the Statements of
Financial  Accounting Standards No. 7. The Company is devoting substantially all
of  its  present  efforts  to  establish  a new business and none of its planned
principal operations have commenced. All losses accumulated since inception have
been  considered  as  part  of  the  Company's  development  stage  activities.

b)     Use  of  Estimates

     The  preparation  of  financial  statements  in  conformity  with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts of assets and liabilities, and
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements,  and the reported amounts of revenues and expenses for the reporting
period.  Actual  results  could  differ  from  these  estimates.

c)     Software  Development  Costs

     Software  development  costs prior to the application development stage are
expensed  as  incurred.  Once the application stage is reached, costs of design,
configuration, coding, installation and testing of the Company's website will be
capitalized.  Upon implementation of the website, the asset will be amortized to
expense  over  its  estimated useful life of three years using the straight line
method.  Ongoing  website  post-implementation  costs  of  operation,  including
training  and  application  maintenance, will be charged to expense as incurred.


                                     9 of 15

<PAGE>

                              CELLWAY VENTURES INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2002
                                   (Unaudited)
                            (Stated in U.S. Dollars)


3.     SIGNIFICANT  ACCOUNTING  POLICIES  (Continued)

d)     Income  Taxes

     The Company has adopted Statement of Financial Accounting Standards No. 109
- "Accounting for Income Taxes" (SFAS 109). This standard requires the use of an
asset  and  liability  approach for financial accounting and reporting on income
taxes.  If it is more likely than not that some portion or all if a deferred tax
asset  will  not  be  realized,  a  valuation  allowance  is  recognized.

e)     Financial  Instruments

     The  Company's  financial instruments consist of cash and accounts payable.

     Unless otherwise noted, it is management's opinion that this Company is not
exposed  to  significant  interest  or credit risks arising from these financial
instruments.  The  fair  value  of these financial instruments approximate their
carrying  values,  unless  otherwise  noted.

f)     Foreign  Currency  Translation

     The  Company's  functional  currency  is  the  U.S. dollar. Transactions in
foreign  currencies  are  converted  to  U.S.  dollars  at  the rate of exchange
prevailing  at  the  time of the transactions. Exchange gains and losses arising
from  the  remeasurement  of foreign currency-denominated assets and liabilities
are  included  in  income  in  the  period  in  which  they  occur.

g)     Net  Loss  Per  Share

     Basic  loss  per  share  is computed using only the weighted average common
shares  outstanding. Diluted loss per share reflects the potential dilution that
would  occur  if securities or other contracts to issue shares were exercised or
converted to common stock. The Company has no potentially issuable common stock.
Hence,  diluted  net  loss  per  share  is the same as basic net loss per share.


                                    10 of 15

<PAGE>

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

OVERVIEW

Our  business  plan  is  to  develop  and  market a free immigration information
service  on the Internet from our www.canadiancitizenship.com web site.  We will
design  our  web  site  to  provide information on the process of immigrating to
Canada  from  foreign  countries.  Our  target  users  will  be  persons who are
citizens  of  foreign  countries seeking to work in or immigrate to Canada.  Our
objective  is  to  become  a  leading web site for information on the process of
immigrating  into  Canada.

Our  web  site is currently under development.  Our web site is operational, but
we  are  still  in  the  process  of  competing development before we initiate a
marketing  and  sales  effort to earn revenues from our web site operations.  We
have  not  achieved  any  revenues  from our web site or from any other business
activity  to  date.  We  plan  to  earn  revenues from sales of advertising once
development  of  our web site is complete.  We plan to solicit advertisers whose
target  market  includes  persons  who  are interested in immigrating to Canada.

Our  web  site  is  still  in  the development stage and will require additional
development  before  we  are  able  to  operate  it  on  a  commercial  basis.
Accordingly,  our  business  operations  are in a start-up phase and we have not
earned  any  revenues  to  date.

PLAN  OF  OPERATIONS

Our  plan  of operations for the next twelve months is to complete the following
objectives  within the time period specified, subject to our obtaining financing
for  the  development  and  marketing  of  our  web  site:

(1)  Complete  development  of  the  web  site,  including  the incorporation of
     information on immigration into Canada. We anticipate that this development
     will  be  completed  by  November 2002. We anticipate that the cost of this
     development  will  be  approximately  $3,000.

(2)  We  plan  to  undertake  an  advertising  and  marketing  campaign once the
     development  of  our  web  site is complete. We anticipate that the cost of
     these  marketing  expenses  will  be  approximately  $10,000.

(3)  We  anticipate  spending  approximately  $32,000  on  ongoing operating and
     administrative  expenses. We anticipate that our monthly operating costs of
     our  Web  site  will  be  approximately  $500 per month. We also anticipate
     spending  approximately  $500  per month on maintaining the accuracy of the
     immigration  information  on  our  web  site.  In  addition,  we anticipate
     spending  approximately  $20,000  on legal and accounting professional fees
     that  we  incur  in  filing  a  registration statement under the Securities
     Exchange Act of 1934 and complying with ongoing reporting obligations under
     the  Securities  Exchange  Act  of  1934.

We  therefore anticipate that we will be spending approximately $45,000 over the
next twelve-month period pursuing this plan of operations.  Of these anticipated
expenditures, we anticipate that $23,000 will be spent on our plan of operations
in  the  next  six  months.  Our  cash position was $54,276 as of June 30, 2002.

Results  Of  Operations

We  did not earn any revenues during the year ended December 31, 2001 or the six
months  ended  June  30, 2002.  We do not anticipate earning revenues until such
time  as  the  development of our web site is completed and we commence sales of
advertising.  We  are  presently  in the development stage and we can provide no
assurance  that  we will be successful in completing development of our web site
or  earning  revenues  from  our  web  site  once  development  is  complete.


                                    11 of 15

<PAGE>

We incurred operating expenses in the amount of $16,749 for the six months ended
June  30, 2002, compared to operating expenses in the amount of $Nil for the six
months  ended  June  30,  2001. We incurred web site development expenses in the
amount of 1,810 during the second quarter of 2002 as we re-commenced development
of  our  web  site.  All  web site development expenses were incurred during the
three  months  ended  June  30,  2002.  We  anticipate that web site development
expenses  will increase during the third and fourth quarters of 2002.  Operating
expenses incurred during the first six months of 2002 included professional fees
in  the  amount  of $13,657 in connection with our preparation of a registration
statement  for  filing  with  the Securities and Exchange Commission and raising
additional  proceeds  to fund our business.  We determined to again proceed with
our  business plan and to raise additional capital in the first quarter of 2002.
We anticipate that our operating costs will continue to increase as we undertake
our  stated  plan  of  operations.

We  incurred  a  loss of $205 for the year ended December 31, 2001 and a loss of
$16,749  for  the  six  months  ended  June  30,  2002.  Our  net  losses  were
attributable  entirely  to  our  operating  expenses.

We  anticipate  continuing  operating losses in the foreseeable future.  We base
this  expectation  in  part on the fact that we will incur substantial operating
expenses  in  completing  our  stated plan of operations before we will have the
opportunity  to  earn revenues.  Our future financial results are also uncertain
due to a number of factors, many of which are outside our control. These factors
include,  but  are  not  limited  to:

(1)  our  ability  to  develop  a commercially marketable Internet web site with
     information  and  features sought by Internet users desiring information on
     immigration  to  Canada;
(2)  our  ability  to  successfully  market our web site to our potential users;
(3)  our  ability  to  successfully  market  our web site to advertisers who are
     prepared  to  pay  for  advertising  on  our  site;
(4)  the  introduction  of  competing  web  sites.

Financial  Condition  and  Liquidity

We  had  cash  of $54,276 as of June 30, 2002, compared to cash of $64,643 as of
December  31,  2001.  We  had  working  capital  of $50,754 as of June 30, 2002,
compared  to  working  capital  of  $64,503  as  of  December  31,  2001.

As  discussed  above  under  Plan  of  Operations, we anticipate that we will be
spending  approximately  $45,000 over the next twelve-month period pursuing this
plan  of  operations.  Of  these  anticipated  expenditures,  we anticipate that
$23,000  will  be  spent  on  our  plan  of  operations  in the next six months.

We  anticipate  that  our present cash reserves are sufficient for us to sustain
our  business  operations  without additional financing for approximately twelve
months.  We  anticipate  that  we  may  require additional financing in order to
pursue our business plan if: (a) the costs of implementing our business plan are
greater  than  anticipated;  or  (b)  we  are unsuccessful in earning sufficient
revenues  after  commencement  of  operations  in  order  to  sustain  continued
operations.  We  anticipate  that  if  we  pursue  any additional financing, the
financing  would  be an equity financing achieved through the sale of our common
stock.  We  do  not  have  any  arrangement  in  place  for  any  debt or equity
financing.  If  we  are  successful  in completing an equity financing, existing
shareholders  will experience dilution of their interest in our company.  In the
event  we  are not successful in obtaining such financing when necessary, we may
not  be  able  to  proceed  with  our  business  plan.


                                    12 of 15

<PAGE>

                           PART II--OTHER INFORMATION

ITEM  1.     LEGAL  PROCEEDINGS

We  are  not  a party to any material legal proceedings and to our knowledge, no
such  proceedings  are  threatened  or  contemplated.


ITEM  2.     CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

We did not complete any unregistered sales of our common stock during our fiscal
quarter  ended  June  30,  2002.

ITEM  3.     DEFAULTS  UPON  SENIOR  SECURITIES

None.


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

No  matters  were submitted to our security holders for a vote during the fiscal
quarter  ending  June  30,  2002.

ITEM  5.     OTHER  INFORMATION.

None.

ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

EXHIBITS  REQUIRED  BY  ITEM  601  OF  FORM  8-K


Exhibit Number                       Description of Exhibit
--------------      ------------------------------------------------------------
     99.1           Certification of Chief Executive Officer and Chief Financial
                    Officer  pursuant  to pursuant to 18 U.S.C. Section 1350, as
                    adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                    2002  (1)

--------------------------------------------------------------------------------
(1)     Filed  as  an  Exhibit  to  this  Quarterly  Report  on  Form  10-QSB
--------------------------------------------------------------------------------


REPORTS  ON  FORM  8-K

We  did not file any Current Reports on Form 8-K during the fiscal quarter ended
June  30,  2002 and we have not filed any Current Reports on Form 8-K since June
30,  2002.


                                    13 of 15

<PAGE>

                                   SIGNATURES

In  accordance with the requirements of the Securities and Exchange Act of 1934,
the  Registrant  has  duly  caused this report to be signed on its behalf by the
undersigned,  thereunto  duly  authorised.

CELLWAY VENTURES, INC.

Date:  September 26, 2002


By:  /s/ Jack Morgan
    --------------------------
    Jack Morgan
    PRESIDENT,
    CHIEF EXECUTIVE OFFICER,
    CHIEF FINANCIAL OFFICER
    AND DIRECTOR


                                    14 of 15

<PAGE>


                                 CERTIFICATIONS

I,  Jack  Morgan, Chief Executive Officer and Chief Financial Officer of Cellway
Ventures,  Inc.,  certify  that;

(1)  I  have  reviewed  this quarterly report on Form10-QSB of Cellway Ventures,
     Inc.;

(2)  Based  on  my  knowledge, this quarterly report does not contain any untrue
     statement  of a material fact or omit to state a material fact necessary to
     make  the  statements  made, in light of the circumstances under which such
     statements  were made, not misleading with respect to the period covered by
     this  quarterly  report;

(3)  Based  on  my  knowledge,  the  financial  statements,  and other financial
     information  included  in  this  quarterly  report,  fairly  present in all
     material  respects  the financial condition, results of operations and cash
     flows  of  the  registrant  as  of,  and for, the periods presented in this
     quarterly  report.



Date:  September 25, 2002           /s/ Jack Morgan
                                    ___________________________________
                                    (Signature)

                                    President and Chief Executive Officer
                                    Treasurer and Chief Financial Officer
                                    ___________________________________
                                    (Title)