Securities And Exchange Commission
                             Washington, D.C. 20549

                                   FORM 10-QSB

(x)  Quarterly Report Pursuant To Section 13 Or 15(d) Of The Securities Exchange
     Act Of 1934

     For The Quarterly Period Ended March 31, 2003.

( )  Transition Report Under Section 13 Or 15(d) Of The Securities Exchange
     Act Of 1934

     For The Transition Period From ______________To_________________

                        Commission File Number 333-31238


                             Grand Prix Sports, Inc.
              ----------------------------------------------------
             (Exact Name Of Registrant As Specified In Its Charter)


                 Washington                                52-2219677
       ------------------------------                   ----------------
      (State or Other Jurisdiction of                  (I.R.S. Employer
       Incorporation or Organization)                  Identification No.)

                        23332 Mill Creek Drive, Suite 230
                             Laguna Hills, CA 92653
                                 (949) 679-6221
          ------------------------------------------------------------
          (Address, Including Zip Code, And Telephone Number, Including
            Area Code, Of Registrant's mailing address in California)

     Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

                                 Yes (x) No ( )

The number of outstanding shares of the issuer's common stock, $0.0001 par
value, as of March 31, 2003 was 18,500,000.

<PAGE>

                                TABLE OF CONTENTS

                                                                         Page
                                                                         ----




                                     Part I


Item 1.   Financial Statements

Balance Sheets As Of March 31, 2003 (Unaudited)......................      2

Unaudited Statements Of Operations And Accumulated
  Deficit For The Three Months Ended March 31, 2003
  and 2002, and For The Period June 3, 1999 (Date of
  Inception) to March 31, 2003 ......................................      3

Unaudited Statements Of Cash Flows For The Three Months
  Ended March 31, 2003 and 2002 and For The Period
  June 3, 1999 (Date of Inception) to March 31, 2003.................      4

Statements Of Stockholders Equity For The Three Months
  Ended March 31, 2003 and For The Period June 3,
  1999 (Date of Inception) to March 31, 2003 ........................      5


Notes To Financial Statements (Unaudited) ...........................      6

Item 2.   Management's Discussion and Analysis ......................     13

Item 3.   Controls and Procedures....................................     15

                           Part II - Other Information


Item 4.   Exhibits and Reports on Form 8-K ..........................     16

Item 5.   Signatures ................................................     16


                                        i
<PAGE>
<TABLE>
<CAPTION>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Balance Sheet
March 31, 2003
------------------------------------------------------------------------------------
                                                                          March 31,
                                                                            2003
                                                                         (Unaudited)
ASSETS
------

CURRENT ASSETS
--------------
<S>                                                                       <C>
      Cash                                                                $   3,791

                                                                          ---------
           TOTAL CURRENT ASSETS                                               3,791
                                                                          ---------


           TOTAL ASSETS                                                   $   3,791
                                                                          =========

CURRENT LIABILITIES
-------------------
      Accounts payable and accrued expenses:
           Accounts payable                                                  34,760
                                                                          ---------
           TOTAL CURRENT LIABILITIES                                         34,760
                                                                          ---------

COMMITMENT (Note B)

STOCKHOLDERS' DEFICIT (Note C)
------------------------------

           Preferred stock, par value $.0001; 20,000,000
           shares authorized; 0 issued and outstanding

           Common stock, par value $.0001, 100,000,000 shares
           authorized; 18,500,000 issued and outstanding
           at March 31, 2003                                                  1,850

            Additional paid-in capital                                      271,635
            Deficit accumulated
                  during the development stage                             (304,454)
                                                                          ---------

           TOTAL STOCKHOLDERS' DEFICIT                                      (30,969)
                                                                          ---------

           TOTAL LIABILITIES AND
             STOCKHOLDERS' DEFICIT                                        $   3,791
                                                                          =========


                          See Notes to Financial Statements


<PAGE>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Statements of Operations (Unaudited)
For the Three Months Ended March 31, 2003 and 2002, and for
the Period June 3, 1999 (Date of Inception) to March 31, 2003
-------------------------------------------------------------------------------------

                                        Three Months    Three Months    June 3, 1999
                                           Ended           Ended       (Inception) to
                                          March 31,       March 31,       March 31,
                                            2003            2002            2003
                                        ------------    ------------    ------------
Revenue
-------
     Gain on sale of investment         $       --      $       --      $     80,000
     Gain on forgiveness of debt                --              --            38,864
                                        ------------    ------------    ------------
     Total Revenue                              --              --           118,864

Expenses
--------
     Loss on investment                                                       90,000
     Bank charges                                 45                             601
     Communication                                                             8,204
     Consulting fees                                                          16,043
     Meals and entertainment                                                  35,543
     Depreciation and amortization                                34           6,123
     Marketing and promotion                                                  31,029
     Office                                    1,195                           2,679
     Professional fees                         5,737          24,628         173,113
     Investor relations                       (1,730)            742          25,653
     Write down of loss due to                                                  --
       license revisions                                                       4,639
     Write down of furniture and                                                --
       equipment                                                               1,315
     Travel                                      375          (2,029)         23,576
     Taxes                                                                       800
     Interest expense (related party)                            820           4,001
                                        ------------    ------------    ------------

     Total Expenses                            5,622          24,194         423,318
                                        ------------    ------------    ------------

      Net Earnings (Loss)               $     (5,622)   $    (24,194)   $   (304,454)
                                        ============    ============    ============


     Basic and diluted Loss per Share   $    (0.0003)   $    (0.0016)
                                        ============    ============

     Weighted average common
        shares outstanding                18,038,889      15,000,000


                          See notes to financial statements


<PAGE>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Statements of Cash Flows
Three Months Ended March 31, 2003 and 2002 and
The Period June 3, 1999 (Date of Inception) to March 31, 2003
------------------------------------------------------------------------------------------------------------

                                                              Three Months    Three Months     June 3, 1999
                                                                 Ended           Ended        (Inception) to
                                                                March 31,       March 31,        March 31,
                                                                  2003            2002              2003
                                                                ---------       ---------        ---------

CASH FLOWS FROM OPERATING ACTIVITIES:
      Net loss                                                  $  (5,622)      $ (24,194)       $(304,454)
      Adjustments to reconcile net loss
      to net cash used by operating activities:
        Depreciation                                                                   34              762
        Amortization                                                                                 5,361
        License impairment agreement                                                                 4,639
        Abondonment of furniture
        and equipment                                                                                1,315
        Loss on investment                                                                          90,000
CHANGES IN CURRENT ASSETS AND CURRENT
      LIABILITIES:
      Increase (decrease) in current liabilities:
        Accounts payable and accrued expenses                       3,037          16,865           34,760
                                                                ---------       ---------        ---------
        NET CASH USED FOR OPERATING ACTIVITIES                     (2,585)         (7,295)        (167,617)
                                                                ---------       ---------        ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
      Acquisition of furniture and equipment                         --              --             (2,077)
                                                                ---------       ---------        ---------
        NET CASH USED FOR INVESTING ACTIVITIES                       --              --             (2,077)
                                                                ---------       ---------        ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
      Sale of common stock                                          5,000                          173,485
        Related party loan                                                          4,083
                                                                ---------       ---------        ---------
        NET CASH PROVIDED  BY FINANCING ACTIVITIES                  5,000           4,083          173,485
                                                                ---------       ---------        ---------

NET INCREASE (DECREASE) IN CASH                                     2,415          (3,212)           3,791

CASH, beginning of period                                           1,376           3,212             --
                                                                ---------       ---------        ---------

CASH, end of period                                             $   3,791       $    --          $   3,791
                                                                =========       =========        =========


SUPPLEMENTAL DISCLOSURE:

      Interest paid                                                             $     820

Noncash investing and financing activities
     License agreement acquired by issue of common stock        $    --         $    --          $  10,000
     Nordic Racing Limited acquired by issue of common stock    $    --         $  90,000        $  90,000
     Forgiveness of related party loan                          $    --         $    --          $  38,864


                                      See notes to financial statements


<PAGE>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Statements of Stockholder's Defcit
Three Months Ended March 31, 2003
The Period June 3, 1999 (Date of Inception) to March 31, 2003
------------------------------------------------------------------------------------------------------------------------------------

                                                                                                           Deficit
                                                                    Common Stock                         Accumulated
                                                             --------------------------     Additional   during the       Total
                                                              Number of                      Paid-in    Developmental  Stockholder's
                                                               Shares         Amount         Capital        Stage         Equity
                                                             -----------    -----------    -----------   -----------    -----------
BALANCES
    June 3, 1999                                                    --      $      --      $      --     $      --      $      --

    Shares issued during the period
         Shares issued to acquire license (Note B)            50,000,000          5,000          5,000                       10,000
         Shares issued for cash                               11,500,000          1,150        102,350                      103,500

    Net loss for the period from June 3, 1999
    (inception) through December 31, 1999                                                                    (18,936)       (18,936)

BALANCES
                                                             -----------    -----------    -----------   -----------    -----------
    December 31, 1999                                         61,500,000          6,150        107,350       (18,936)        94,564

    Net loss for 2000                                                                                        (88,027)       (88,027)

BALANCES
                                                             -----------    -----------    -----------   -----------    -----------
    December 31, 2000                                         61,500,000          6,150        107,350      (106,963)         6,537

    Shares issued during the period
         Shares Issued for Nordic acquisition (Note G)         1,000,000            100         89,900                       90,000

    Shares cancelled during the period
         Shares cancelled for license
         agreement revisions                                 (47,500,000)        (4,750)         4,750                         --

    5:1 forward stock split                                          5:1

    Net Loss through December 31, 2001                                                                      (181,335)      (181,335)

BALANCES
                                                             -----------    -----------    -----------   -----------    -----------
    December 31, 2001                                         15,000,000          1,500        202,000      (288,298)       (84,798)

    Issuance of common stock                                   3,000,000            300         64,685                       64,985

    Net Loss through December 30, 2002                                                                       (10,534)       (10,534)

BALANCES
                                                             -----------    -----------    -----------   -----------    -----------
    December 31, 2002                                         18,000,000          1,800        266,685      (298,832)       (30,347)
                                                             ===========    ===========    ===========   ===========    ===========

    Issuance of common stock                                     500,000             50          4,950                        5,000

    Net Loss through March 31, 2003                                                                           (5,622)        (5,622)

BALANCES
                                                             -----------    -----------    -----------   -----------    -----------
    March 31, 2003                                            18,500,000          1,850        271,635      (304,454)       (30,969)
                                                             ===========    ===========    ===========   ===========    ===========


                                                 See notes to financial statements


</TABLE>
<PAGE>

                             Grand Prix Sports, Inc.
                          (A Development Stage Company)
                    Notes to Financial Statements (Unaudited)
                    For The Three Months Ended March 31, 2003

Note A-Organization And Summary Of Significant Accounting Policies

Basis of Presentation
---------------------

The unaudited financial statements of Grand Prix Sports, Inc. (the "Company") as
of March 31, 2003 and for the three month periods ended March 31, 2003 and 2002
have been prepared in accordance with accounting principles generally accepted
in the United States for interim financial reporting. Accordingly, they do not
include all of the disclosures required by accounting principles generally
accepted in the United States for complete financial statements and should be
read in conjunction with the audited consolidated financial statements and notes
thereto included in the Company's Form 10-K for the year ended December 31,
2002. In the opinion of management, all adjustments (consisting only of normal
recurring adjustments) considered necessary for a fair presentation of the
interim financial information have been included. The results of operations for
any interim period are not necessarily indicative of the results of operations
for the entire year.

Organization
------------

The Company has been in the development stage since its incorporation under the
laws of the state of Washington on June 3, 1999.

On March 9, 2001, the Company amended its articles of incorporation by changing
the name of the Company to Grand Prix Sports, Inc.

Effective March 9, 2001, the Company entered into an Agreement and Plan of Share
Exchange (the "Exchange Agreement") with Damask International, Jonathan Iseson,
T. Todd Stabler, and Dr. and Mrs. Robert J. Harman. Damask International and
Jonathan Iseson constituted the record and beneficial owners of forty percent
(40%), or 67 ordinary shares, of the issued and outstanding shares of the
capital stock of Nordic Racing Limited, a British corporation ("Nordic").
Pursuant to the terms of the Exchange Agreement, the Registrant sold and issued
an aggregate of 1,000,000 shares of its common stock, 700,000 shares to Damask
International, 150,000 shares to Jonathan Iseson, 100,000 shares to R. Todd
Stabler, and 50,000 shares to Dr. and Mrs. Robert J. Harman.

Subsequent to the closing of the Exchange Agreement, the Company affected a
5-for-1 forward stock split. Thus, all references to shares outstanding prior to
the March 9, 2001 closing of the Exchange Agreement, including those in the
Shareholders' Equity section of the Balance Sheet and in the Statements of
Shareholders' Equity, are post-split references.

Nordic was incorporated in the United Kingdom on January 11, 1990, to operate a
motor racing team. Since inception, Nordic has specialized in the FIA Formula
3000 International Championship racing series ("Formula 3000"). Formula 3000 is
the training ground for the more widely known Formula 1 race series. Recently,
the authorized number of teams participating in Formula 3000 was reduced from 18
to 14. Nordic remained one of the authorized teams. If a new team wishes to
enter the Formula 3000 arena, it must purchase an already existing team.

<PAGE>

On October 11, 2002, the Company entered into a stock sale agreement to sell its
share in Nordic Racing Ltd. The agreement called for the Company to sell its 40%
interest in Nordic for $70,000. The sale was completed on October 29, 2002.

The Company's plan of business is to generate revenues and earnings by acquiring
existing, profitable, well-managed, corporations compatible with or with
synergies to the Company's current business activities. However, to manage
existing corporate overhead, the Company will continue to rely on cash advances
from shareholders, as well as to seek additional debt or equity financing. The
Company will also attempt to reduce its operating expenses. There can be no
assurance that any such additional financing will be available on terms, in
amounts, or at timing acceptable to the Company, if available at all.

Summary of Significant Accounting Principles
--------------------------------------------

a.   Accounting 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 during the reporting period.
Actual results could differ from those estimates.

b.   Basic earnings per share
     ------------------------

Basic earnings (loss) per share have been calculated in conformity with
Financial Accounting Standards Board Statement No. 128 "Earnings Per Share". The
Company has a simple capital structure with no significant potential common
shares. Basic earnings (loss) per share are calculated weighted on the average
number of common shares outstanding each period.

c.   Office furniture and equipment
     ------------------------------

Office furniture and equipment purchases were capitalized and the cost
depreciated over the estimated useful lives of the related assets, generally
five to seven years. Office furniture and equipments abandoned is written off at
the time of the abandonment. No office furniture and equipment were acquired or
in existence through March 31, 2003.

d.   License agreement
     -----------------

The license agreement with Reach Technologies, Inc. was previously capitalized
and amortized over the estimate useful life of the asset-three years and seven
months, commencing June 3, 1999. The license agreement was renegotiated in 2001.
However, under the renegotiated Non-Exclusive License Agreement, 47,500,000
shares of the 50,000,000 shares of the Company's common stock issued to Glenn
Jones in exchange for the original Exclusive License Agreement were returned to
the Company and canceled. Thus, the un-depreciated value of the now
non-exclusive license agreement was reduced from $10,000 to $500.

<PAGE>

e.   Issuance of common stock
     ------------------------

The issuance of common stock for other than cash is recorded by the Company at
management's estimate of the fair value of the assets acquired or services
rendered.

f.   Revenue
     -------

Revenue is recognized when product is shipped to the customer.

g.   Income taxes
     ------------

No taxes are payable for the three months ended March 31, 2003.

h.   Intangible Assets
     -----------------

A summary of the treatment of intangible assets of the corporation is summarized
as follows:

                                           March 31, 2003
                            -------------------------------------------
                              Gross                             Net
                            Intangible     Accumulated       Intangible
                              Assets       Amortization        Assets
                              ------       ------------        ------
Goodwill                         $0              $0              $0
Other intangibles               500             500               0
Total                          $500            $500              $0

The Company currently does not have goodwill as a component of its intangible
assets.

i.   Impact of Accounting Standards
     ------------------------------

In August 2001, the FASB issued SFAS No. 143, "Accounting for Asset Retirement
Obligations." SFAS 143 establishes accounting standards for recognition and
measurement of a liability for the costs of asset retirement obligations. Under
SFAS 143, the costs of retiring an asset will be recorded as a liability when
the retirement obligation arises, and will be amortized to expense over the life
of the asset. The Company does not expect any effect on its financial position
or results of operations from the adoption of this statement. In October 2001,
the FASB issued SFAS No. 144, "Accounting for the Impairment or Disposal of
Long-Lived Assets." SFAS 144 addresses financial accounting and reporting for
the impairment or disposal of long-lived assets and discontinued operations. The
Company does not expect any effect on its financial position or results of
operations from the adoption of this statement.

On April 30, 2002 the FASB issued Statement No. 145, Rescission of FASB
Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical
Corrections. The Statement updates, clarifies and simplifies existing accounting
pronouncements. Statement 145 rescinds Statement 4, which required all gains and
losses from extinguishment of debt to be aggregated and, if material, classified
as an extraordinary item, net of related income tax effect. As a result, the
criteria in Opinion 30 will now be used to classify those gains and losses.
Statement 64 amended Statement 4, and is no longer necessary because Statement 4
has been rescinded. The Company does not expect any effect on its financial
position or results of operations from the adoption of this statement.

<PAGE>

In June of 2002, the FASB issued SFAS 146, "Accounting for Costs Associated with
Exit or Disposal Activities," which nullifies EITF Issue 94-3. SFAS 146 is
effective for exit and disposal activities that are initiated after December 31,
2002 and requires that a liability for a cost associated with an exit or
disposal activity be recognized when the liability is incurred, in contrast to
the date of an entity's commitment to an exit plan, as required by EITF Issue
94-3. The Company will adopt the provisions of SFAS 146 effective January 1,
2003. The Company does not expect any effect on its financial position or
results of operations from the adoption of this statement.

In December 2002, the FASB issued Statement of Financial Accounting Standards
("SFAS") No. 148, "Accounting for Stock-Based Compensation, Transition and
Disclosure." SFAS No. 148 provides alternative methods of transition for a
voluntary change to the fair value based method of accounting for stock-based
employee compensation. SFAS No. 148 also requires that disclosures of the pro
forma effect of using the fair value method of accounting for stock-based
employee compensation be displayed more prominently and in a tabular format.
Additionally, SFAS No. 148 requires disclosure of the pro forma effect in
interim financial statements. The transition and annual disclosure requirements
of SFAS No. 148 are effective for fiscal years ending after December 15, 2002.
The interim disclosure requirements are effective for interim periods beginning
after December 15, 2002. The Company does not expect that the adoption of SFAS
148 will have a material effect on its financial position or results of
operations.

NOTE B - LICENSE AGREEMENT
--------------------------

On June 3, 1999, the Company acquired from Reach Technologies, Inc. ("Reach")
the rights to distribute the Reach Technologies, Inc. Digital Data Recorder
product line for the purpose of selling the product in the telemetry and remote
sensing marketplace. This license was valued based on the estimate of fair
market value of the license received. The licensed product line consists of 0 to
40 Megabit per second Digital Data Recorders that are configured for laboratory
and onsite use. Models consist of laboratory, rack mount and portable versions.
The Company paid for the license by issuing 50,000,000 shares of its common
stock to Glenn Jones, the President of Reach. Under the license with Reach, the
Company had the exclusive right to distribute and market Reach's product line to
the northeastern United States for a period of time beginning June 3, 1990 and
ending January 31, 2003. To retain the license, the Company was required to
purchase a minimum amount of product based on pricing established in the license
agreement during each of the two years of its license, beginning February 1,
2000. The Company was required to purchase $50,000 of the product line by
January 31, 2001, an additional $100,000 of the product line by January 31, 2002
and as additional $100,000 of the product line by January 31, 2003.

The license agreement contained a provision that it could be renewed for
additional three year periods, so long as the Company was not in default. Any
renewal agreement would be subject to the same minimum purchase requirements,
except that the minimum purchase amount in each subsequent year would be

<PAGE>

calculated as the greater of $120,000 and 65% of the Company's prior year's
audited revenue. The agreement may be terminated by the Company at any time upon
notice to Reach, and by Reach for any cause, which includes breach of the
agreement, the bankruptcy or insolvency of the Company; or the conviction of the
Company; its officers or directors, of any crime involving moral turpitude.

On January 14, 2001, the Company amended the license agreement as it pertained
to minimum purchase requirements. The parties agreed that, in exchange for a
$5,000 promissory note, Reach would not terminate the license agreement for the
Company's failure to purchase $50,000 of the product line by January 31, 2001.
All other terms of the license agreement remained the same, including the
additional minimum purchase requirements.

On March 9, 2001, the parties again amended the license agreement to provide
that it would no longer be exclusive and would no longer be obligated to the
product purchase requirements. In connection with this amendment, Glenn Jones
returned 47,500,000 shares of the Company's common stock to the Company's
treasury for cancellation.

NOTE C - NET OPERATING LOSS CARRY FORWARD
-----------------------------------------

The Company's net operating loss for the three months ended March 31, 2003 and
year ended December 31, 2002 of $5,622 and $10,534 may be utilized through the
year ended December 31, 2022. The Company's net operating loss of $181,335 for
the year ended December 31, 2001 may be utilized through the year ended December
31, 2021. The Company's net operating loss for the year ended December 31, 2000
of $88,027 may be utilized through the year ended December 31, 2020. The
Company's net operating loss for the seven months ended December 31, 1999 of
$18,936 may be utilized through the year ended December 31, 2019. SFAS No. 109
requires a valuation allowance to be recorded when it is more likely than not
that some or all of the deferred tax assets will not be realized. At March 31,
2003 a valuation allowance for the full amount of the net deferred tax asset was
recorded because of uncertainties as to the amount of taxable income that would
be generated in future years. The valuation allowance increased by $2,300 for
the three months ended March 31, 2003.

NOTE D - MANAGEMENT'S PLANS
---------------------------

The Company's plan of business is to generate revenues and earnings by acquiring
existing, profitable, well-managed, corporations compatible with or with
synergies to the Company's current business activities. However, to manage
existing corporate overhead, the Company will continue to rely on cash advances
from shareholders, as well as to seek additional debt or equity financing. The
Company will also attempt to reduce its operating expenses. There can be no
assurance that any such additional financing will be available on terms, in
amounts, or at timing acceptable to the Company, if available at all. The
ability to achieve these objectives raises substantial doubt about the Company's
ability to continue as a going concern.

NOTE E - CORRECTION OF ERROR
----------------------------

During 2002, a 1999 error was discovered in which the par value of common stock
was erroneously listed as $.001. This error was corrected in 2001 by
retroactively restating the amounts of common stock and additional
paid-in-capital. The reclassification resulted in a reduction to common stock in
the amount of $11,070 and an increase in the same amount to additional
paid-in-capital, prior to the 5:1 stock split of 2001.

<PAGE>

NOTE F - RELATED PARTY TRANSACTION
----------------------------------

During the year ended December 31, 2001, the Company borrowed $30,780 from
Harrysen Mittler, Chief Executive Officer of the Company to fund current
operating activities. The note bore interest at 10 percent per annum, payable
upon demand. Accrued interest in the amount $556 was payable at December 31,
2001.

During the year ended December 31, 2002, the Company borrowed an additional
$4,083 from Harrysen Mittler, ex-Chief Executive Officer of the Company to fund
current operating activities. The note bore interest at 10 percent per annum,
payable upon demand. Accrued interest in the amount of $0 was payable at
December 31, 2002. In December 2002, the loan was forgiven and a gain was
recognized for $38,864, including the loan of $34,863 and accrued interest of
$4,001.

In April 2002, the company entered into an agreement with Andrada inc., dba
Corvus Business Development Services ("Corvus"), a private consulting
corporation owned by Gregory J. Martin, interim Chief Executive Officer and
Corporate Secretary, to provide management functions. The Company incurred
certain legal and professional fees in connection with the Corvus agreement.
These related expenses paid to Corvus amounted to $46,367 of which $14,600 was
payable at March 31, 2003.

NOTE G - NORDIC RACING LIMITED INVESTMENT
-----------------------------------------

On March 9, 2001, the Company issued 1,000,000 shares of common stock in
exchange for the purchase of forty percent (40%) of Nordic Racing Limited. At
the time of the acquisition, there was no independent appraisal or valuation of
Nordic Racing Limited. The purchase price was based on valuing the Company's
stock at $.09 per share which represented the lower range of stock trades for
Grand Prix Sports, Inc. stock during the twelve months after the acquisition.

The investment with Nordic Racing Limited had been reported using the Equity
Method of Accounting. On October 11, 2002, the Company entered into a stock sale
agreement to sell its share in Nordic Racing Ltd. The agreement called for the
Company to sell its 40% interest in Nordic for $70,000. The sale was completed
on October 29, 2002.

NOTE H - ACCOUNTS PAYABLE
-------------------------

As of March 31, 2003 and December 31, 2002, accounts payable consisted of the
following:

                                      March 31, 2003
                                      --------------
Professional fees payable                $ 34,760

<PAGE>

                      Management's Discussion and Analysis

This Quarterly Report on Form 10-QSB contains forward-looking statements, which
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve risks
and uncertainties that could cause actual results to differ materially from the
forward-looking statements. You should not place undue reliance on
forward-looking statements. In some cases, you can identify forward-looking
statements by terminology such as "may", "will", "should", "expects", "plans",
"anticipates", "believes", "estimated", "predicts", "potential", or "continue"
or the negative of such terms or other comparable terminology. These statements
are only predictions and involve known and unknown risks, uncertainties, and
other factors, that may cause the Company's actual results, levels of activity,
performance, or achievements to be materially different from any future results,
levels of activity, performance, or achievements expressed or implied by such
forward-looking statements. These factors include, among other things, those
discussed in this Quarterly Report on Form 10-QSB and in the Company's other
filings with the SEC. Although the Company believes that the expectations
reflected in the forward-looking statements are reasonable, forward-looking
statements are inherently uncertain, and the Company cannot guarantee future
results, levels of activity, performance, or achievements. The Company is under
no duty to update any of the forward-looking statements in this Quarterly Report
on Form 10-QSB to conform forward-looking statement to actual results. All
forward-looking statements should be considered in light of these risks and
uncertainties.

During the first quarter ending March 31, 2003, and consistent with the
Company's plan of operation, management evaluated potential acquisitions of
profitable, well-managed, corporations compatible with or with synergies to the
Company's current business activities. To manage existing corporate overhead,
the Company will continue to rely on cash advances from shareholders, as well as
to seek additional debt or equity financing.

In February of 2003 Todd M. Pitcher was appointed to the position of Chairman,
President, CEO and CFO. In addition, as of January 1, 2003 Gregg Martin is no
longer the Company's Secretary, his replacement, Hugh Renfro joined effective
the same date and is serving as Secretary as of this date.

Critical Accounting Policies:

Application of our accounting policies requires management to make judgments and
estimates about the amounts reflected in the financial statements. Management
uses historical experience and all available information to make these estimates
and judgments, although differing amounts could be reported if there are changes
in the assumptions and estimates. Estimates are used for, but not limited to,
the accounting for the allowance for doubtful accounts, inventory allowances,
restructuring costs, impairment costs, depreciation and amortization, sales
discounts and returns, warranty costs, taxes and contingencies. Management has
identified the following accounting policies as critical to an understanding of
our financial statements and/or as areas most dependent on management's judgment
and estimates.

<PAGE>

     Revenue Recognition--We generally recognize revenue when persuasive
evidence of an arrangement exists, delivery has occurred, the price is fixed or
readily determinable, and collection is probable. Sales are recorded net of
sales returns and discounts. We recognize revenue in accordance with Staff
Accounting Bulletin No. 101, "Revenue Recognition in Financial Statements."

     Deferred Tax Asset Valuation Allowance--We record a deferred tax asset in
jurisdictions where we generate a loss for income tax purposes. Due to
volatility in the industry within which we operate, we may record a valuation
allowance against these deferred tax assets in accordance with SFAS 109,
"Accounting for Income Taxes," when, in management's judgment, the deferred tax
assets may not be realized in the foreseeable future.

     Recent Pronouncements and Accounting Changes--SFAS 144 establishes a single
accounting model for the impairment or disposal of long-lived assets, including
discontinued operations. SFAS 144 superseded SFAS 121, and APB Opinion No. 30,
"Reporting the Results of Operations--Reporting the Effects of Disposal of a
Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring
Events and Transactions." The provisions of SFAS 144 are effective in fiscal
years beginning after December 15, 2001 and in general are to be applied
prospectively. We adopted SFAS 144 effective January 1, 2002, which did not have
a material impact on our consolidated results of operations and financial
position.

     In June 2002, the FASB issued SFAS 146, "Accounting for Costs Associated
with Exit or Disposal Activities," which nullifies EITF Issue No. 94-3. SFAS 146
is effective for exit and disposal activities that are initiated after December
31, 2002 and requires that a liability for a cost associated with an exit or
disposal activity be recognized when the liability is incurred, in contrast to
the date of an entity's commitment to an exit plan, as required by EITF Issue
94-3. The Company adopted the provisions of SFAS 146 effective January 1, 2003.
This is not expected to impact the Corporation.

In December 2002, the FASB issued Statement of Financial Accounting Standards
("SFAS") No. 148, "Accounting for Stock-Based Compensation, Transition and
Disclosure." SFAS No. 148 provides alternative methods of transition for a
voluntary change to the fair value based method of accounting for stock-based
employee compensation. SFAS No. 148 also requires that disclosures of the pro
forma effect of using the fair value method of accounting for stock-based
employee compensation be displayed more prominently and in a tabular format.
Additionally, SFAS No. 148 requires disclosure of the pro forma effect in
interim financial statements. The transition and annual disclosure requirements
of SFAS No. 148 are effective for fiscal years ending after December 15, 2002.
The interim disclosure requirements are effective for interim periods beginning
after December 15, 2002.

Results of Operations:

Sales

The Company has not generated any revenues from operations during the three
months ended March 31, 2003 or 2002.

Losses

Net losses for the three months ended March 31, 2003, decreased to $5,622 from
$24,194 for the three months ended March 31, 2002. The primary reduction in
losses was attributable to decreased costs associated with professional
services.

<PAGE>

The Company expects to continue to incur losses at least through the end of its
current fiscal year. There can be no assurance that the Company will achieve or
maintain profitability, generate revenue or sustain future growth.

Liquidity and Capital Resources

Since the date of the Company's investment in Coca-Cola Nordic Racing team, the
Company has funded its cash needs with cash on hand and cash advances from
shareholders and officers. The Company is actively seeking additional equity
capital through private placements.

In March of 2003, the Company received $5,000 in exchange for the issuance of
500,000 shares of restricted common stock and a vendor refund of $1,730. Despite
the Company's best efforts, there can be no assurance that any additional
financings, or shareholder and officer advances, will be available on terms, in
amounts, or at a time acceptable to the Company, if they are available at all,
and, if so available, whether such funds will be sufficient to satisfy the
Company's cash requirements over the next twelve months.

Capital Expenditures

The Company made no capital expenditures during the first three months of its
fiscal year.

Subsequent Events

None.


ITEM 3. CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures. The Company's Chief
Executive Officer and Chief Financial Officer, after evaluating the
effectiveness of the Company's disclosure controls and procedures (as defined in
Rules 13a-14(c) and 15d-14(c) under the Securities Exchange Act of 1934, as
amended (the "Exchange Act")) as of a date within 90 days of the filing of this
quarterly report (the "Evaluation Date"), have concluded that, as of the
Evaluation Date, the Company's disclosure controls and procedures were effective
to ensure the timely collection, evaluation and disclosure of information
relating to the Company that would potentially be subject to disclosure under
the Exchange Act and the rules and regulations promulgated thereunder.

(b) Changes in Internal Controls. There were no significant changes in the
Company's internal controls or in other factors that could significantly affect
the internal controls subsequent to the Evaluation Date.

<PAGE>

                                     Part II


ITEM 4. Exhibits And Reports On Form 10-QSB March 31

(A)  Exhibits

       99.1   Interim CEO and CFO Certification Pursuant to Section 302 of the
              Sarbanes-Oxley Act of 2002

(B)  Reports On Form 10-QSB 3-31. None

       None



Item 4. 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.

                                            Grand Prix Sports, Inc.


                                            /s/ Todd M. Pitcher
                                            ---------------------------
                                            Name: Todd M. Pitcher
                                            Title: CEO

                                            /s/ Hugh Renfro
                                            ---------------------------
                                            Name:  Hugh Renfro
                                            Title: Secretary