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 QUARTER ENDED MAY 31, 2004

[ ]  TRANSITIONAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT OF 1934 (NO FEE REQUIRED)

                           Commission File No. 0-32923

                           GIANT JR. INVESTMENTS CORP.
                 (Name of Small Business Issuer in its Charter)


            NEVADA                                             33-0198542
-------------------------------                       --------------------------
(State or other jurisdiction of                            (I.R.S. Employer
 incorporation of organization)                         Identification Number)

                        2575 MCCABE WAY, IRVINE, CA 92614
                        ---------------------------------
                      Address of principal executive office

                                 (949) 486-1711
                                 --------------
                            Issuer's telephone number

Check whether the issuer has (1) filed all reports required by Section 12 or
5(d) of the Exchange Act during the past 12 months, and (2) been subject to such
filing requirements for the past ninety (90) days. Yes (X) No ( )

As of May 31, 2004, 139,450,000 shares of Common Stock were outstanding.

                                       1
<PAGE>

                           GIANT JR. INVESTMENTS CORP.
                          PART I: FINANCIAL INFORMATION


INDEX                                                                       PAGE

PART I: FINANCIAL INFORMATION

ITEM 1 - Financial Statements

Condensed Consolidated Balance Sheets as of May 31, 2004 (unaudited)
and August 31, 2003

Condensed Consolidated Statements of Operations (Unaudited)
For the Quarters and Year-to-Date Periods Ended May 31, 2004 and 2003

Condensed Consolidated Statements of Cash Flows (Unaudited) For the
Year-to-Date Periods Ended May 31, 2004 and 2003

ITEM 2 - Management's Discussion and Analysis of Financial Condition

ITEM 3 - Controls and Procedures


PART II:  OTHER INFORMATION

ITEM 1 - Legal Proceedings

ITEM 2 - Changes in Securities

ITEM 3 - Defaults upon Senior Securities

ITEM 4 - Submission of Matters to a Vote of Securities Holders

ITEM 5 - Other Information

ITEM 6 - Exhibits and Reports on Form 8-K

                                       2
<PAGE>

                          PART I: FINANCIAL INFORMATION
                          ITEM 1 - FINANCIAL STATEMENTS

                           GIANT JR. INVESTMENTS CORP.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                               AS OF MAY 31, 2004

                                                                     5/31/2004
                                                                     Unaudited
                                                                     ---------
CURRENT ASSETS:
Cash & cash equivalents                                            $        117
Accounts receivable                                                      46,666
Inventory                                                               146,031
                                                                   ------------
                                                                        192,814

PROPERTY AND EQUIPMENT, NET                                        $     45,131

INTANGIBLE ASSETS, NET                                             $      2,400

DEPOSITS                                                                  1,045
                                                                   ------------
                                                                   $    241,390
                                                                   ============

CURRENT LIABILITIES:
Accounts payable & accrued expenses                                $    127,308
Due to factor                                                             2,834
Note payable - officer                                                  137,153
Note payable - shareholder                                               70,000
Note payable                                                              1,605
                                                                   ------------
                                                                        338,901

STOCKHOLDERS' DEFICIT
Common stock, .001 par value; authorized shares
300,000,000 issued and outstanding shares 139,450,000              $    139,450
Additional paid in capital                                            5,041,784
Prepaid consulting expenses                                            (412,322)
Accumulated deficit                                                  (4,866,423)
                                                                   ------------
                                                                        (97,511)
                                                                   ------------
                                                                   $    241,390
                                                                   ============

The notes to financial statements are an integral part of these statements.

                                       3
<PAGE>

                           GIANT JR. INVESTMENTS CORP.
          CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE
                       MONTHS ENDED MAY 31, 2004 AND 2003
                                   (UNAUDITED)

                                                   FOR THE THREE MONTH PERIODS
                                                          ENDED MAY 31,
                                                     2004              2003
                                                 -------------     -------------

NET REVENUES                                     $     147,031     $     474,743

COST OF REVENUE                                        145,018           208,634
                                                 -------------     -------------

GROSS PROFIT                                     $       2,012     $     266,109

OPERATING EXPENSES
General and administrative                       $      80,868     $     218,767
Loss on equity investment                            1,920,000                --
Consulting expenses                                  2,047,660                --
                                                 -------------     -------------
Total operating expenses                             4,048,527           218,767
                                                 -------------     -------------

Income (loss) from operations                    $  (4,046,515)    $      47,342

Non-Operating Expense (Income):
Interest expense                                 $       5,936     $          --
                                                 -------------     -------------

INCOME (LOSS) BEFORE INCOME TAX                  $  (4,052,451)    $      47,342


Provision for income tax                                   800                --
                                                 -------------     -------------

NET INCOME (LOSS)                                $  (4,053,251)    $      47,342
                                                 =============     =============

BASIC AND DILUTED NET INCOME (LOSS) PER SHARE    $      (0.030)    $       0.001
                                                 =============     =============

Basic and diluted weighted average
shares outstanding                                 133,378,261        41,047,957
                                                 =============     =============

The notes to financial statements are an integral part of these statements.

                                       4
<PAGE>

                           GIANT JR. INVESTMENTS CORP.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                 FOR THE NINE MONTHS ENDED MAY 31, 2004 AND 2003
                                   (UNAUDITED)

                                                     FOR THE NINE MONTH PERIODS
                                                           ENDED MAY 31,
                                                       2004             2003
                                                   ------------     ------------

NET REVENUES                                       $    418,970     $  1,050,261

COST OF REVENUE                                         379,071          417,267
                                                   ------------     ------------

GROSS PROFIT                                       $     39,898     $    632,994

OPERATING EXPENSES
General and administrative                         $    171,437     $    594,706
Loss on equity investment                             1,920,000               --
Consulting expenses                                   2,095,014               --
                                                   ------------     ------------
Total operating expenses                              4,186,450          594,706

Income (loss) from operations                      $ (4,146,552)    $     38,288

Non-Operating Expense (Income):
Interest expense                                   $     13,734     $         --
                                                   ------------     ------------

INCOME (LOSS) BEFORE INCOME TAX                    $ (4,160,286)    $     38,288

Provision for income tax                           $        800     $         --

                                                   ------------     ------------
NET INCOME (LOSS)                                  $ (4,161,086)    $     38,288
                                                   ============     ============

BASIC AND DILUTED NET INCOME (LOSS) PER SHARE      $     (0.057)    $      0.001
                                                   ============     ============

Basic and diluted weighted average
shares outstanding                                   72,383,363       39,614,624
                                                   ============     ============

The notes to financial statements are an integral part of these statements.

                                       5
<PAGE>

                           GIANT JR. INVESTMENTS CORP.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE NINE MONTHS ENDED MAY 31, 2004 AND 2003
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                         FOR THE NINE MONTH PERIODS
                                                                ENDED MAY 31,
                                                            2004             2003
                                                        ------------     ------------

CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                     <C>              <C>
Net income (loss)                                       $ (4,161,086)    $     38,288
Adjustments to reconcile net income (loss) to
net cash provided by (used in) operating activities:
Depreciation and amortization                                 22,312           30,123
Loss on equity investment                                  1,920,000               --
Issuance of shares for consulting service
net of prepaid                                             2,042,178           17,750
(Increase) decrease in current assets:
Receivables                                                  (41,083)         (42,810)
Inventory                                                    (20,499)         (28,695)
Deposits                                                      12,981           (3,814)
Prepaid expense                                               41,981               --
Increase (decrease) in current liabilities:
Accounts payable and accrued expense                         (22,707)           6,280
                                                        ------------     ------------
Total Adjustments                                          3,955,163          (21,166)
                                                        ------------     ------------
Net cash provided by operating activities                   (205,923)          17,122
                                                        ------------     ------------

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property & equipment                     $         --     $     (3,460)
                                                        ------------     ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from stock issuances                      $     50,000     $         --
Repayments of notes payable                                  (12,672)          (2,814)
Repayments of long term debts                                     --           (8,961)
Proceeds from loan                                            70,000               --
Proceeds from note payable                                    87,875               --
                                                        ------------     ------------
Net cash provided by financing activities                    195,203          (11,775)
                                                        ------------     ------------

NET INCREASE (DECREASE) IN CASH
& CASH EQUIVALENTS                                      $    (10,720)    $      1,887

CASH & CASH EQUIVALENTS, BEGINNING
BALANCE                                                 $     10,837     $      8,872

CASH & CASH EQUIVALENTS, ENDING
BALANCE                                                 $        117     $     10,759
                                                        ============     ============
</TABLE>

The notes to financial statements are an integral part of these statements.

                                       6
<PAGE>

NOTE 1 - DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Giant Jr. Investments Corp. was incorporated in Nevada in 1984 as Southern
Development Company, Inc. (SDC). In December 1994 SDC merged with Integrated
Communications Access Network, Inc. (ICAN). ICAN's main business activity
centered on the interactive television and telecommunications industries. In
March 1996, ICAN changed its name back to SDC. In September 1998, the Company,
under new management, changed its name to EssxSport Corp. and changed its
business focus to the sport equipment industry.

On April 9, 2004, the Company's shareholders approved amending the Articles of
Incorporation to change name to "Giant Jr. Investments, Corp."

On July 1, 2004, the Company elected to become a business development company
(BDC), regulated pursuant to Section 54 of the Investment Company Act of 1940.
The company's core focus will be to invest in growth businesses mainly in the
private sector and thinly traded public U.S companies as specified under the
guidelines of Section 55 (a) of Investment Company Act of 1940. The Company will
make available significant managerial assistance to its portfolio companies in
the areas of strategic planning & corporate development, investor awareness,
corporate finance and M&A.

The Company's major operation is the sale of several lines of sporting gear and
equipment under the brand name EssxSport. The Company produces and manufactures
it own brand products and private labeled products for others in the Sports
Industry. The Company also contracts with manufacturers for the production of
other sports equipment and various other lines, primarily targeting the track
and field market, with products used in Baseball, Basketball, Volleyball, and
Soccer, marketing directly to end users via the internet, catalog sales and
trade shows.

On March 1, 2004 the Company purchased 4,800,000 shares of common stock of Miss
Beverly Hills, Inc. ("MBH"), representing 30% of the issued and outstanding
common stock of MBH for 60,000,000 shares of Company's common stock. The
investment in MBH has been recorded under the equity method of accounting (note
10).

The Securities Exchange Agreement provides for the MBH Shareholders to have two
of their nominees appointed directors of the Company. This would bring the
number of directors of the Company to ten. The Company's Chief Executive Officer
is also an officer of MBH. As of the current date no nominees have been
suggested by the MBH Shareholders.

MBH is a licensing vehicle currently focused in establishing a successful
private labeling, media and entertainment, model agency, and other ventures
capable of promoting its brand. MBH is intent on leveraging the well-known "Miss
Beverly Hills" brand name across a broad range of business opportunities. MBH
also operates a modeling agency.

                                       7
<PAGE>

Basis of presentation

The accompanying unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles for interim
financial information and the instructions for Form 10QSB. Accordingly, they may
not include all information and footnotes required by generally accepted
accounting principles for complete financial statements. In the opinion of
management, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included. The audited consolidated
financial statements for the year ended August 31, 2003 were filed on December
15, 2003 with the Securities and Exchange Commission and are hereby referenced.
Operating results for the nine-month period ended May 31, 2004 are not
necessarily indicative of results that may be expected for the year ending
August 31, 2004.

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

INVESTMENTS

The equity method of accounting is used for all investments in associated
companies in which the company's interest is 20% or more. Under the equity
method, the Company recognizes its share in the net earnings or losses of these
associated companies as they occur rather than as dividends are received.
Dividends received are accounted for as a reduction of the investment rather
than as dividend income. Losses from the equity investments reduce the
receivables from the associated companies.

ACCOUNTS PAYABLE & ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following:

          Accounts payable                                $    101,059
          Accrued payroll                                       10,055
          Accrued expenses - other                              16,194
                                                          ------------
                                                          $    127,308
                                                          ============

ISSUANCE OF SHARES FOR SERVICE

The Company accounts for the issuance of equity instruments to acquire goods and
services based on the fair value of the goods and services or the fair value of
the equity instrument at the time of issuance, whichever is more reliably
measurable.

RECLASSIFICATIONS

Certain comparative amounts have been reclassified to conform with the current
year's presentation.

                                       8
<PAGE>

NOTE 2 - PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include Giant Jr. Investments Corp. and
its wholly owned subsidiary, eonlinesports.com. Giant Jr. Investments Corp. is
the sole shareholder of eonlinesports.com. All inter-company transactions have
been eliminated.

NOTE 3 - RECENT PRONOUNCEMENTS

On May 15, 2003, the Financial Accounting Standards Board (FASB) issued FASB
Statement No. 150 (FAS 150), Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equity. FAS 150 changes the accounting
for certain financial instruments that, under previous guidance, could be
classified as equity or "mezzanine" equity, by now requiring those instruments
to be classified as liabilities (or assets in some circumstances) in the
statement of financial position. Further, FAS 150 requires disclosure regarding
the terms of those instruments and settlement alternatives. FAS 150 affects an
entity's classification of the following freestanding instruments: a)
Mandatorily redeemable instruments b) Financial instruments to repurchase an
entity's own equity instruments c) Financial instruments embodying obligations
that the issuer must or could choose to settle by issuing a variable number of
its shares or other equity instruments based solely on (i) a fixed monetary
amount known at inception or (ii) something other than changes in its own equity
instruments d) FAS 150 does not apply to features embedded in a financial
instrument that is not a derivative in its entirety. The guidance in FAS 150 is
generally effective for all financial instruments entered into or modified after
May 31, 2003, and is otherwise effective at the beginning of the first interim
period beginning after June 15, 2003. For private companies, mandatorily
redeemable financial instruments are subject to the provisions of FAS 150 for
the fiscal period beginning after December 15, 2003. The adoption of SFAS No.
150 does not have a material impact on the Company's financial position or
results of operations or cash flows.

In December 2003, the Financial Accounting Standards Board (FASB) issued a
revised Interpretation No. 46, "Consolidation of Variable Interest Entities"
(FIN 46R). FIN 46R addresses consolidation by business enterprises of variable
interest entities and significantly changes the consolidation application of
consolidation policies to variable interest entities and, thus improves
comparability between enterprises engaged in similar activities when those
activities are conducted through variable interest entities. The Company does
not hold any variable interest entities.

NOTE 4 - INVENTORY

The major components of inventories are as follows on May 31, 2004:

          Finished goods                                  $     34,340
          Work-in-process                                       26,247
          Raw materials                                         85,444
                                                          ------------
                                                          $    146,031
                                                          ============

NOTE 5 - PROPERTY AND EQUIPMENT

Property and equipment comprised of the following at May 31, 2004:

          Furniture and fixtures                          $      3,640
          Machinery and equipment                              180,547
          Accumulated depreciation                            (139,056)
                                                          ------------
                                                          $     45,131
                                                          ============

                                       9
<PAGE>

NOTE 6 - INTANGIBLE ASSETS

Intangible assets comprised of the following at May 31, 2004:

          Non-compete Agreement                           $     10,000
          Patterns                                              12,000
          Accumulated Amortization                             (19,600)
                                                          ------------
                                                          $      2,400
                                                          ============

The non-compete agreement is being amortized on the straight-line basis over the
expected non-compete period of four years.

The patterns are being amortized on the straight-line basis over the expected
life of five years. The intangible assets will be fully amortized by May 31,
2005.

NOTE 7 - DUE TO FACTOR

On December 8, 1999, the Company entered into a factoring and security agreement
to sell certain accounts receivable to Mazon Associates Inc. The purchase price
for each account sold is the face amount of the account less a discount of
3.25%. All accounts sold are with recourse on seller and are reflected as
account receivable in the accompanying financial statements. Allied may defer
making payment to the Company of a portion of the purchase price payable for all
accounts purchased which have not been paid up to 20% of such accounts
(reserve). All of the Company's accounts receivable, inventories and computer
hardware are pledged as collateral under this agreement. As of May 31, 2004, the
Company owed approximately $2,834 from the factored receivable of $3,699. In
connection with the factoring agreement, the Company incurred fees of $3,387
during the three months ended May 31, 2004. As of May 31, 2003, the Company owed
approximately $73,320 from the factored receivable of $95,705. In connection
with the factoring agreement, the Company incurred fees of $13,281 during the
three months ended May 31, 2003.

NOTE 8 - NOTES PAYABLE

Notes payable are current and comprised of the following at May 31, 2004:

     Note payable to shareholder due on demand, bearing an
     annual interest rate of 12%, unsecured, convertible in
     to shares of common stock                                      $     70,000

     Lease obligation                                                      1,605

     Note payable to an officer of the Company, due in monthly
     Installments of $18,944 including interest at an annual rate
     of 8%, with accrued unpaid interest added to the principal,
     secured by substantially all the assets of the Company              137,153
                                                                    ------------
                                                                    $    208,758
                                                                    ============

Interest on these notes for the nine month period ended May 31, 2004 and May 31,
2003 was $5,394 and $0 respectively.

                                       10
<PAGE>


The Company has entered into a capital lease for certain production equipment.
Obligations under capital lease have been recorded in the accompanying financial
statements at the present value of future minimum lease payments, discounted at
an imputed interest rate of 25%. Balance at May 31, 2004 is $1,605. This amount
is included in Note Payable as a Current Liability on the financials. The
company recorded $542 as interest on the capital lease for the period ending
May 31, 2004.

NOTE 9 - COMMON STOCK AND PAID IN CAPITAL

During the previous quarter the Company received deposits totaling $50,000 from
various stockholders of the Company for which 5,000,000 shares of common stock
were issued in the nine month period ended March 2004.

Also during the three month period ended May 31, 2004, the Company entered into
various consulting agreements with individuals to provide consulting services
for which 30,450,000 shares were issued valued at $2,454,500, including $412,322
for prepaid consulting services to be provided in the subsequent periods.

The Company entered into an agreement in March 2004 under which it issued
60,000,000 restricted shares of common stock to acquire 4,800,000 shares
representing 30% ownership of Miss Beverly Hills Inc. This investment has been
valued at $1,920,000 based on the market value of shares on the date of
issuance.

NOTE 10 - INVESTMENT - EQUITY METHOD

In March 2004, the Company purchased 4,800,000 shares of common stock of Miss
Beverly Hills, Inc. ("MBH"), representing 30% of the issued and outstanding
common stock of MBH, a private entity, for 60,000,000 shares of Company's common
stock valued at $1,920,000. The equity method of accounting was adopted for this
investment. MBH does not have significant operations and has no significant
assets. The Company has no obligation to fund future operating losses. The
Company has recorded equity loss of $1,920,000, equal to the investment amount
in MBH, in the accompanying financial statements.

NOTE 11 - SUPPLEMENTAL DISCLOSURE OF CASH FLOWS

The Company prepares its statements of cash flows using the indirect method as
defined under the Financial Accounting Standard No. 95.

The Company paid $0 for income tax during the nine-month periods ended May 31,
2004 and 2003. The Company paid $8,340 and $0 interest during the nine-month
periods ended May 31, 2004 and 2003, respectively.

NOTE 12 - BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

Basic and diluted net income per share for the three-month period ended March
31, 2004 and 2003 were determined by dividing net profit for the periods by the
weighted average number of basic and diluted shares of common stock outstanding.

                                       11
<PAGE>

NOTE 13 - COMMITMENTS AND CONTINGENCIES

The Company has sold customer accounts receivable with full recourse to a
factor. The factor retains portions of the amounts for which the accounts were
sold as a reserve, which is released to the Company as the customers make
monthly payments. The balance outstanding under recourse contracts was
approximately $3,699 at May 31, 2004. In the event of default, the Company pays
the factor a predetermined amount or repossesses the secured account.

The Company has not experienced any repossession losses and losses under present
recourse obligations are not expected to be significant. Accordingly, no
provision has been made for future losses that may result under the recourse
arrangements. It is reasonably possible that the Company's estimate of near term
repossessions and losses could change.

NOTE 14 - MAJOR CUSTOMERS AND VENDORS

As of May 31, 2004, there was one customer who accounted for approximately 22%
of sales. The remaining sales have been made to large number of customers. Total
receivable from the major customer amounted to approximately $10,620 at May 31,
2004. There was no major customer for the nine month period ending May 31, 2003.

NOTE 15 - GOING CONCERN

The Company's consolidated financial statements are prepared using the generally
accepted accounting principles applicable to a going concern, which contemplates
the realization of assets and liquidation of liabilities in the normal course of
business. However, the Company has accumulated deficit of $97,511 on May 31,
2004. The Company has incurred a net loss of $4,161,086 for the nine month
period ended May 31, 2004. In view of the matter described above, recoverability
of a major portion of the recorded asset amounts shown in the accompanying
balance sheets is dependent upon continued operations of the Company, which in
turn is dependent upon the Company's ability to raise additional capital, obtain
financing and to succeed in its future operations. The financial statements do
not include any adjustments relating to the recoverability and classification of
recorded asset amounts or amounts and classification of liabilities that might
be necessary should the Company be unable to continue as a going concern.

Management has taken various steps to revise its operating and financial
requirements, which it believes are sufficient to provide the Company with the
ability to continue on in next twelve months. Management devoted considerable
effort during the period ended May 31, 2004, towards management of liabilities
and improving the operations. The management believes that the above actions
will allow the Company to continue its operations through the next twelve
months.

NOTE 16 - SUBSEQUENT EVENTS

The Company intends to continue its operations in the sporting goods business.
The operations ceased in the California facility and were moved to Texas as on
June 1st 2004.

As of June 30, 2004, the Company filed form N-54A with Securities Exchange
Commission to become a Business Development Company pursuant to Section 54 of
the Investment Company Act of 1940.

                                       12
<PAGE>

ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

BACKGROUND

1. ESSXSPORT INC. (FORMERLY ESSXSPORT CORP., 100%)

The Company has operations engaged in the national distribution of sports
equipment, principally for track and field, to the public and private high
schools, colleges and universities as well as wholesale distributors and
dealers. The market for sporting goods merchandise is estimated at annual
expenditures of some $25 billion for team sports equipment in the Institutional
school arenas (US Census). The management of the Company has extensive
experience in this business having previously worked for and also founded
successful companies in the sports equipment industry for the past 30 years. The
Company's focus is in the foam fabrication and vinyl encasements products used
in track and field due to the most recent increase in demand for these items.

Since the Company commenced its first marketing program in September of 1998, it
continued to add new customers and promote new products each year. The Company
believes that its increased revenues from fiscal year 2001 to 2003 are the
results of brand awareness and increased product mix. The Company's sales and
earnings are seasonal in nature. Historically, the Company has reported lower
sales and earnings in the first and second fiscal quarters because many of the
Company's primary customers buy after summer vacations and the opening of the
new school year.

Management believes the current decline in revenues is attributed to last year's
high school rule to upgrade and improve the safety of the pit (landing systems
for pole vault), which resulted in increased of new purchases for period ending
2003. Consequently, demand for new orders for fiscal year 2004 decreased
considerably. Management estimates that demand should return to normal in next
eight to twelve months.

The Company's fiscal year ends on August 31st.

2. MISS BEVERLY HILLS INC. (30%)

Miss Beverly Hills Inc. (MBH) is a licensing vehicle currently focused in
establishing a successful private labeling, media & entertainment, model agency,
and other ventures capable of promoting its brand. The Company is intent on
leveraging the well-known "Miss Beverly Hills" brand name across a broad range
of business opportunities. MBH wants to position as a leading household brand
name related to different products and services, which are synonymous to style,
elegance, sophistication and prestige.

MBH has added entertainment, nutrition, and media experts at senior management
level. The company has already set in place a team of experts, a facility, and
the resources to establish a chain of successful modeling agencies, modeling
management companies, and various other entertainment and media projects, which
should ultimately serve as a promotional platform for the Miss Beverly Hills
Inc. brand.

Based on MBH's current business stage of development, Management has taken a
conservative approach in valuation of MBH trademark and its operating business.
For period ending May 31, 2004, market quotation for MBH securities is not
available to assess the fair market value of our investment. From March, 2004 to
May 31, 2004, MBH trademark has not been associated to any product or services,
licensing and/or private labeling agreement, which is significant enough for
Management to put a fair value on MBH investment as determined in good faith,
consequently Management has

                                       13
<PAGE>

attributed no value to MBH. However, Management believes that going forward
MBH's management not only will undertake initiatives to create market price for
its securities for which market quotation will be readily available on a stock
exchange but also should be in a position to leverage its brand name to have a
successful operating private labeling and licensing business. Until such
initiatives are successfully carried out, the Company cannot realize any
valuation from this investment.

NINE-MONTHS ENDED MAY 31, 2004,
COMPARED TO NINE-MONTHS ENDED MAY 31, 2003

NET SALES

Net sales for the nine-months ended May 31, 2004, was $418,970 compared to
$1,050,261 compared to the same period in 2003, which is a decrease of
approximately $631,291 or 60.1%.

The Company attributes this reduction in revenues to last year's high school
rule to upgrade and improve the safety of the pit (landing systems for pole
vault), which resulted in increased of new purchases for period ending 2003.
This resulted in the saturation of the market for year 2004. Management
estimates that this year will be a transition period for the pole vault and
landing system market segment before the demand picks up to normal again next
season.

GROSS MARGIN

Gross margin for the nine-months ended May 31, 2004, was 9.5% compared to 60.3%,
compared to the same period in 2003, which is a decrease of approximately
$593,096.

This decrease is primarily due to the resettling of last year inventories and
the Company experienced an increase in raw material costs mainly for various
plastics and foams, which are petroleum by-products. Although contingencies were
built into the system, however, gross margins were negatively impacted as there
was increase in price of primary chemicals used in the manufacture of
polyurethane foam and other plastic products, which was passed on to end users.

OPERATING EXPENSES

Operating expenses for the nine-months ended May 31, 2004, was $4,186,450
compared to $594,706 for the same period in 2003, which is an increase of
$3,591,744. Increase in overall operating expenses is primarily attributed to
loss of $1,920,000 for equity investment of Miss Beverly Hills. The Company also
issued non-cash compensation of $2,095,014 worth of its common stock to
consultants. The Company also intends to have some non-recurring expenses
related to shifting of operations from Sun Valley, California to Texas to reduce
overhead going forward and other expenditures associated with new strategic
initiative the Company has taken under to increase its asset base and
diversification.

The "loss on equity investment" was due to the inability of MBH to timely
prepare financial statements and/or an appraisal acceptable to our accountants.
Although the accounting rules require this presentation of our investment,
management believes that the MBH investment was not only prudent but will only
increase in value. MBH is currently raising funds through a private placement at
$1.25 per share. The Company currently owns 4,800,000 shares of MBH. Besides
continuing to market its brand name "Miss Beverly Hills", MBH intends to become
a publicly traded company by the end of 2004. There, of course, is no assurance
that the MBH common stock will actually trade or if there will ever be an active
market in such shares.

LIQUIDITY

Cash and cash equivalents totaled approximately $117 at May 31, 2004 compared to
approximately $10,759 at May 31, 2003.

Current assets totaled approximately $192,814 at May 31, 2004, providing the
Company with a current ratio of .6:1 when divided by its current liabilities of
approximately $338,901.

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<PAGE>

The Company plans to expand and diversify its asset base by evaluating potential
acquisitions and joint ventures, and the success of those efforts may require
additional bank debt, equity financing, or private financing. The Company may
require additional capital to fund future operating requirements, as well as to
fund any new business venture. The Company has been exploring various
alternatives to raise new capital, but there can be no assurances that the
Company will ultimately be successful in this regard.

BACKLOG

Management believes that due to the surge in the sporting goods business last
year, particularly in the pole vault and landing system area, industry has faced
a decrease in demand that should resolve and reset itself in the next season.
Current backlogs are lower than normal.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

The Company occasionally makes forward-looking statements concerning its plans,
goals, product and service offerings, and anticipated financial performance.
These forward-looking statements may generally be identified by introductions
such as "outlook" for an upcoming period of time, or words and phrases such as
"should", "expect", "hope", "plans", "projected", "believes", "forward- looking"
(or variants of those words and phrases) or similar language indicating the
expression of an opinion or view concerning the future.

These forward-looking statements are subject to risks and uncertainties based on
a number of factors and actual results or events may differ materially from
those anticipated by such forward-looking statements. These factors include, but
are not limited to: the growth rate of the Company's revenue and market share;
the consummation of new, and the non-termination of, existing contracts; new
competitors entering the Company's business, the Company's ability to
effectively manage its business functions while growing its business in a
rapidly changing environment; the Company's ability to adapt and expand its
services in such an environment; the Company's ability to successfully refinance
or extend its line of credit or obtain alternative sources of financing; the
effective and efficient management of the Company's inventory levels and
processing of sales orders; the quality of the Company's plans and strategies;
and the Company's ability to execute such plans and strategies

In addition, forward-looking statements concerning the Company's expected
revenue or earnings levels are subject to many additional uncertainties
applicable to competitors generally and to general economic conditions over
which the Company has no control. The Company does not plan to generally
publicly update prior forward-looking statements for unanticipated events or
otherwise and, accordingly, prior forward-looking statements should not be
considered to be "fresh" simply because the Company has not made additional
comments on those forward-looking statements.

ITEM 3. CONTROLS AND PROCEDURES

Within 90 days prior to the date of this report, the Company carried out an
evaluation, under the supervision and with the participation of the principal
executive officer and principal financial officer, of the effectiveness of the
design and operation of the Company's disclosure controls and procedures. Based
on this evaluation, the principal executive officer and principal financial
officer concluded that the Company's disclosure controls and procedures are
effective in timely alerting them to material information required to be
included in its periodic SEC reports. It should be noted that the design of any
system of controls is based in part upon certain assumptions about the
likelihood of future events, and there can be no assurance that any design will
succeed in achieving its stated goals under all potential future conditions,
regardless of how remote.

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In addition, the Company reviewed its internal controls, and there have been no
significant changes in its internal controls or in other factors that could
significantly affect those controls subsequent to the date of the last
evaluation.

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 2. CHANGES IN SECURITIES

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

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

On May 25, 2004 we filed our definitive Section 14 (c) Information Statement
with the SEC and sent a copy to all shareholders of record as of April 22, 2004.
In the Information Statement, we informed our shareholders that the Company's
Board of Directors, and shareholders who collectively own 72,415,392 shares or
approximately 51.4% of the Company's Common Stock, approved an Amendment to our
Articles of Incorporation changing our name to "Giant Jr. Investments, Corp."
The new name became effective on May 21, 2004.

ITEM 5. OTHER INFORMATION

On June 30, 2004, the Company filed form N-54A with Securities Exchange
Commission to become a Business Development Company pursuant to Section 54 of
the Investment Company Act of 1940.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Form 8-K

On March 9, 2004, we filed a Form 8-K regarding the purchase of 4,800,000 shares
of common stock of Miss Beverly Hills, Inc. ("MBH") from approximately thirteen
shareholders, representing 30% of the issued and outstanding common stock of
MBH.

On June 30, 2004 we filed a Form 8-K relating to a change in our certifying
accountants. Listed below are the exhibits, which are filed as part of this
report pursuant to rule 13 or 15 (D) of the Securities Exchange Act of 1934:

(b)  Exhibits

Exhibit Number    Description
--------------    -------------
31.1              Section 302 Certification

32.1              Section 906 Certification

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                                   SIGNATURES

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


Dated:  July 19, 2004                   GIANT JR. INVESTMENTS CORP.

                                        By: /s/ Imran Firoz
                                        --------------------------
                                        Imran Firoz, Chief Executive Officer
                                        and Chief Financial Officer

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