<PAGE>

                     U.S. 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 PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

For the transition period from ____________ to ______________

Commission File Number 0-29521

                             CORK ACQUISITION CORP.
        (Exact name of small business issuer as specified in its charter)

       Delaware                                                 33-0889195
(State of incorporation)                                 (I.R.S Employer ID No.)

               2600 Michelson Drive, Suite 490, Irvine, Ca. 92612
                    (Address of principal executive offices)

                                 (949) 475-9600
                           (Issuer's telephone number)

              ----------------------------------------------------
      (Former name, address and fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

As of April 30, 2003, the Company had 500,000 shares of its $.001 par value
common stock issued and outstanding.

Transitional Small Business Disclosure Format: Yes [ ] No [X].



<PAGE>

                             CORK ACQUISITION CORP.

                                      INDEX
                                                                           Page
                                                                           -----
PART 1 -   Financial Information

      Item 1    Financial Statements

                Condensed Balance Sheet at March 31, 2003 (unaudited)       3

                Condensed Statements of Operations for the Quarters
                      Ended March 31, 2003 and 2002 (unaudited)             4

                Condensed Statements of Cash Flows for the Quarters
                      Ended March 31, 2003 and 2002(unaudited)              5

                Notes to Condensed Financial Statements (unaudited)         6

      Item 2    Management's Discussion and Analysis
                      Or Plan of Operation                                  7

      Item 3    Controls and Procedures                                     7

PART II -  Other Information

      Item 1 - Legal Proceedings                                            7

      Item 2 - Changes in Securities and Use of Proceeds                    7

      Item 3 - Defaults Upon Senior Securities                              7

      Item 4 - Submission of Matters to a Vote of Security Holders          7

      Item 5 - Other Information                                            7

      Item 6 - Exhibits and Reports on Form 8-K                             7

      Signatures                                                            7

      Certifications                                                        8



<PAGE>

                             CORK ACQUISITION CORP.
                          (A Development Stage Company)
                             Condensed Balance Sheet
                                   (Unaudited)
                                 March 31, 2003

                                         ASSETS

Total assets                                                          $       -
                                                                      =========

                          LIABILITIES AND SHAREHOLDERS' EQUITY

Total liabilities                                                     $       -
                                                                      ---------

Shareholders' equity

   Preferred stock, 10,000,000 shares authorized, $.001 par value,
      none issued and outstanding                                             -
   Common stock, 20,000,000 shares authorized, $.001 par value,
      500,000 shares issued and outstanding                                 500
   Additional paid in capital                                             6,007
   Deficit accumulated during the development stage                      (6,507)
                                                                      ---------

      Net shareholders' equity                                                -
                                                                      ---------

                                                                      $       -
                                                                      =========

                       See notes to financial statements



<PAGE>
<TABLE>

                             CORK ACQUISITION CORP.
                          (A Development Stage Company)
                       Condensed Statements of Operations
                                   (Unaudited)

<CAPTION>
                                                                        Cumulative
                                                     Three months     from inception
                                                    ended March 31,  (April 21, 1997)
                                              -----------------------  to March 31,
                                                 2003         2002        2003
                                              ----------   ----------   ----------
<S>                                           <C>          <C>          <C>
Costs and expenses

  General and administrative expenses         $     765    $     908    $   6,507
                                              ----------   ----------   ---------

Net loss                                      $    (765)   $    (908)   $  (6,507)
                                              ==========   ==========   ==========

Basic and diluted net loss per common share           -            -
                                              ==========   =========

Basic and diluted weighted average
 number of common shares outstanding            500,000      500,000
                                              ==========   =========

</TABLE>

                       See notes to financial statements



<PAGE>
<TABLE>
                             CORK ACQUISITION CORP.
                          (A Development Stage Company)
                       Condensed Statements of Cash Flows
                                   (Unaudited)

<CAPTION>
                                                                            Cumulative
                                                         Three months     from inception
                                                        ended March 31,  (April 21, 1997)
                                                  -----------------------  to March 31,
                                                     2003         2002       2003
                                                  ----------   ----------   ----------
<S>                                               <C>          <C>          <C>
Cash flows from operating activities

  Net loss                                        $    (765)   $    (908)   $  (6,507)
  Adjustments to reconcile net loss to net cash
    used by operating activities                          -            -            -
                                                  ----------   ----------   ----------

    Net cash used by operating activities              (765)        (908)      (6,507)
                                                  ----------   ----------   ----------

Cash flows from investing activities                      -            -            -
                                                  ----------   ----------   ----------

Cash flows from financing activities
  Issuance of common stock                                -            -          500
  Capital contribution                                  765          908        6,007
                                                  ----------   ----------   ----------

    Net cash provided by financing activities           765          908        6,507
                                                  ----------   ----------   ----------

Net increase (decrease) in cash                           -            -            -
                                                  ----------   ----------   ----------

Cash, beginning of period                                 -            -            -
                                                  ----------   ----------   ----------

Cash, end of period                               $       -    $       -    $       -
                                                  ==========   ==========   ==========

</TABLE>

                       See notes to financial statements



<PAGE>

                            CORK ACQUISITION CORP.
                          (A DEVELOPMENT STAGE COMPANY)

                                 MARCH 31, 2003

NOTE A - BASIS OF PRESENTATION
------------------------------

      The accompanying unaudited financial statements of Cork Acquisition
      Corp. (the "Company") have been prepared in accordance with generally
      accepted accounting principles for interim financial information.
      Accordingly, they do not include all of the information required by
      generally accepted accounting principles for complete financial
      statements. In the opinion of management, all adjustments (consisting of
      normal recurring adjustments) considered necessary for a fair presentation
      have been included. Operating results for the three months ended March 31,
      2003 are not necessarily indicative of the results for any future period.
      These statements should be read in conjunction with the Company's audited
      financial statements and notes thereto for the year ended December 31,
      2002.

NOTE B - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES
---------------------------------------------------------------

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

      The Company was formed on April 21, 1997 under the laws of the state of
      Delaware. From inception, the Company has been inactive and has had no
      significant operations. The Company is authorized to do any legal business
      activity as controlled by Delaware law.

NOTE C - GOING CONCERN
----------------------

      The accompanying financial statements have been prepared in conformity
      with generally accepted accounting principles, which contemplate
      continuation of the Company as a going concern. Additional capital
      infusion is necessary in order to acquire business opportunities and
      achieve profitable operations. This factor raises substantial doubt about
      the Company's ability to continue as a going concern.

      The Company's management intends to raise additional funds through equity
      offerings. However, there can be no assurance that management will be
      successful in this endeavor.



<PAGE>
                             CORK ACQUISITION CORP.
                          (A DEVELOPMENT STAGE COMPANY)

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

      The Company is classified as a development stage company because its
      principal activities involve seeking to acquire business activities.

ITEM 3 - CONTROLS AND PROCEDURES

      Within the 90 days prior to the date of this report, the sole officer and
      director of the Company carried out an evaluation of the effectiveness of
      the design and operations of our disclosure controls and procedures, as
      defined in Exchange Act Rule 13a-14. Based upon that evaluation, the sole
      officer concluded that our disclosure controls and procedures are
      effective in timely alerting management to material information relating
      to the Company required to be included in our periodic SEC filings. There
      have been no significant changes in our internal controls or in other
      factors that could significantly affect internal controls subsequent to
      the date of our most recent evaluation, including any corrective actions
      with regard to significant deficiencies and material weaknesses.

                                     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 5 - OTHER INFORMATION

      None

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

      None

                                   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.

                                                          CORK ACQUISITION CORP.

                                                     By:  /s/ Danilo Cacciamatta
                                                        ------------------------
                                                              Danilo Cacciamatta
                                                         Chief Executive Officer
      Dated: April 30, 2003



<PAGE>

                          CERTIFICATION OF SOLE OFFICER

I, Danilo Cacciamatta, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Cork Acquisition
     Corp.;

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 are 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;

4.   The registrant's certifying officer is responsible for establishing and
     maintaining disclosure controls and procedures (as defined in Exchange Act
     Rules 13a-14 and 15d-14) for the registrant and has:

     a.   Designed such disclosure controls and procedures to ensure that
          material information relating to the registrant is made known to us by
          others within those entities, particularly during the period in which
          this quarterly report is being prepared;

     b.   Evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c.   Presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluations Date;

5.   The registrant's certifying officers has disclosed, based on our most
     recent evaluation, to the registrant's auditors and the audit committee of
     registrant's board of directors (or persons performing the equivalent
     functions):

     a.   All significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weakness in
          internal controls; and

     b.   Any fraud, whether or not material that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   The registrant's certifying officer has indicated in this quarterly report
     whether there were significant changes in internal control or in other
     factors that could significantly affect internal controls or in other
     factors that could significantly affect internal controls subsequent to the
     date of our most recent evaluation, including any corrective actions with
     regard to significant deficiencies and material weaknesses.

Date: April 30 2003                         /s/ DANILO CACCIAMATTA
                                            ------------------------------
                                            Danilo Cacciamatta
                                            Chief Executive Officer
                                            Chief Financial Officer

In connection with the Quartely Report of Cork Acquisition Corp.(the "Company")
on Form 10-QSB for the quarter ended March 31, 2003, as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Danilo
Cacciamatta, Chief Executive Officer and Chief Financial Officer of the
Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec.
906 of the Sarbanes-Oxley Act of 2002, that:

1.       The Report fully complies with the requirements of Sections 13(a) or
         15(d) of the Securities Exchange Act of 1934; and

2.       Information contained in the Report fairly presents, in all material
         respects, the financial condition and results of operations of the
         Company.

Date: April 30, 2003                           /s/ DANILO CACCIAMATTA
                                               -------------------------------
                                               Danilo Cacciamatta
                                               Chief Executive Officer and
                                               Chief Financial Officer