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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   Form 10-QSB

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
                        SECURITIES EXCHANGE ACTS OF 1934

                For the quarterly period ended September 30, 2003

                         Commission File Number 0-27996


                         WIRELESS XCESSORIES GROUP, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


               Delaware                                    13-3835420
    -------------------------------                     ----------------
    (State or other jurisdiction of                     (I.R.S. Employer
     Incorporation or Organization)                  Identification Number)


                              1840 COUNTY LINE ROAD
                           HUNTINGDON VALLEY, PA 19006
                    ----------------------------------------
                    (Address of principal executive offices)



                                 (215) 322-4600
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


                                       N/A
              ---------------------------------------------------
              (Former name,former address and former fiscal year,
                         If changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the 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 October 31, 2003, there were 4,813,970 shares of the registrant's Common
Stock, par value $.001 per share, outstanding.

FORWARD LOOKING STATEMENTS

Some of the information presented in this quarterly report constitutes
forward-looking statements within the meaning of the private Securities
Litigation Reform Act of 1995. Statements that are not historical facts,
including statements about management's expectations for fiscal year 2003 and
beyond, are forward looking statements and involve various risks and
uncertainties. Although the Company believes that its expectations are based on
reasonable assumptions within the bounds of its knowledge, there can be no
assurance that actual results will not differ materially from the Company's
expectations. Factors that could cause the actual results to differ materially
from expectations are discussed in the Company's Annual Report on Form 10-K and
in other filings with the Securities and Exchange Commission.
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<PAGE>

                         WIRELESS XCESSORIES GROUP, INC.
               FORM 10-QSB FOR THE PERIOD ENDED SEPTEMBER 30, 2003

                                      INDEX

PART I. FINANCIAL INFORMATION

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

          Condensed Consolidated Balance Sheets September 30,
          2003 (unaudited) and December 31, 2002 (audited)................   3

          Condensed Consolidated Statements of Operations
          for the three and nine months ended September
          30, 2003 and 2002. (unaudited)..................................   4

          Consolidated Statements of Cash Flows for the three
          and nine months ended September 30, 2003 and 2002
          (unaudited).....................................................   5

          Notes to Condensed Consolidated Financial Statements............   6

ITEM 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations.............................   7

ITEM 3.   Controls and Procedures.........................................  8-9


PART II. OTHER INFORMATION


ITEM 1.   Legal proceedings...............................................   9

ITEM 2.   Changes in Securities and Use of Proceeds.......................   9

ITEM 3.   Defaults upon Senior Securities.................................   9

ITEM 4.   Submission of Matters to a Vote of Security Holders.............   9

ITEM 5.   Other information...............................................   9

ITEM 6.   Exhibits and reports on Form 8-K................................  10



          Signatures...................................................... 10-14

                                        2
<PAGE>
                                     PART I

                              FINANCIAL INFORMATION

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

                         WIRELESS XCESSORIES GROUP, INC.

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                 (IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
<TABLE><CAPTION>
                                    ASSETS                                             December 31,      September 30,
                                                                                          2002               2003
                                                                                       ----------         ----------
                                                                                        (audited)        (unaudited)
<S>                                                                                   <C>                <C>
CURRENT ASSETS:
Cash and cash equivalents                                                              $      985         $    1,371
Accounts receivable (net of allowance of                                                    1,029              1,341
$536 and $721, respectively)
Inventories                                                                                 1,381              1,009
Prepaid expenses and other current assets                                                     154                169
Current portion- notes receivable                                                             184                183


                      Total Current Assets                                                  3,733              4,073


  PROPERTY AND EQUIPMENT - Net                                                                772                526

  NOTES RECEIVABLE - Net of Current Portion                                                   175                 54

  OTHER ASSETS                                                                                 90                 46
                                                                                       ----------         ----------

  TOTAL ASSETS                                                                         $    4,770         $    4,699
                                                                                       ==========         ==========

                  LIABILITIES AND STOCKHOLDERS' EQUITY

  CURRENT LIABILITIES:
  Current portion of long-term debt                                                    $       32         $        4
  Bank overdraft                                                                              207               --
  Accounts payable                                                                            405                876
  Net liabilities on disposal of discontinued operations                                       58                 58
  Accrued payroll and related benefits                                                         92                116
  Amounts due to officer                                                                      209                134
  Other accrued expense                                                                       218                242
                                                                                       ----------         ----------
                     Total Current Liabilities                                              1,221              1,430
                                                                                       ----------         ----------

  LONG-TERM DEBT                                                                                9                  3

STOCKHOLDERS' EQUITY
  Preferred stock, par value $0.001, 1,000,000 shares authorized,
  no shares issued or outstanding
  Common Stock, par value $.001, 10,000,000 shares authorized, 5,222,080 issued                 5                  5
  Additional paid - in capital                                                             11,331             11,331
  Accumulated deficit                                                                      (7,708)            (7,954)
  Treasury Stock at cost, 344,810 and 448,110 shares, respectively                            (88)              (116)
                                                                                       ----------         ----------
                  Total Stockholders' Equity                                                3,540              3,266
                                                                                       ----------         ----------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                           $    4,770         $    4,699
                                                                                       ==========         ==========
</TABLE>

              The accompanying notes are an integral part of these
                  Condensed Consolidated financial statements.

                                        3
<PAGE>

                         WIRELESS XCESSORIES GROUP, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
                 (IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
<TABLE><CAPTION>

                                                                       Three Months Ended                  Nine Months Ended
                                                                          September 30,                      September 30,
                                                                          -------------                      -------------
                                                                      2002             2003              2002             2003
                                                                  -----------      -----------       -----------      -----------
<S>                                                               <C>              <C>               <C>              <C>
NET SALES                                                         $     3,657      $     3,279       $    10,815      $     8,466
COST OF SALES                                                           1,968            1,741             5,938            4,619
                                                                  -----------      -----------       -----------      -----------
            Gross profit                                                1,689            1,538             4,877            3,847

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES                            1,592            1,373             5,180            4,095
INTEREST EXPENSE (INCOME), net                                             (1)              (1)                9               (2)
                                                                  -----------      -----------       -----------      -----------

             Income (Loss) before income taxes                             98              166              (312)            (246)

INCOME TAX (BENEFIT)                                                     --               --                --               --
                                                                  -----------      -----------       -----------      -----------
                 Net Income  (Loss)                                        98              166       ($      312)     ($      246)
                                                                  ===========      ===========       ===========      ===========

Income (Loss) per common share- Basic and Diluted                 $       .02      $       0.3       $      (.06)     $      (.05)
                                                                  ===========      ===========       ===========      ===========

Basic and Diluted weighted average common shares outstanding        5,031,805        4,818,652         5,079,294        4,818,050
                                                                  ===========      ===========       ===========      ===========
</TABLE>

              The accompanying notes are an integral part of these
                  Condensed Consolidated financial statements.

                                        4
<PAGE>

                         WIRELESS XCESSORIES GROUP, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                                 (IN THOUSANDS)
<TABLE><CAPTION>
                                                                                  Nine Months Ended
                                                                                     September 30
                                                                            ------------------------------
                                                                               2002                2003
                                                                            ----------          ----------
OPERATING ACTIVITIES:
<S>                                                                         <C>                 <C>
Net (Loss)                                                                  $     (312)         ($     246)
Adjustments to reconcile net (loss) to cash
   provided by operating activities-
       Depreciation and amortization                                               368                 368
       Provision for doubtful accounts                                             116                 199
       Issuance of Common Stock to Directors                                      --                     9

Changes in assets and liabilities, net of effects from dispositions:

       Accounts receivable                                                         916                (672)
       Inventories                                                                 542                 372
       Prepaid expenses and other assets                                          --                    29
       Accounts payable and accrued expenses                                      (613)                397
                                                                            ----------          ----------

Net cash provided by operating activities                                        1,017                 456
                                                                            ----------          ----------

INVESTING ACTIVITIES:
Purchase of property and equipment                                                 (17)               (121)

Principal payments on notes receivables                                            145                 121
                                                                            ----------          ----------
Net cash provided by (used in) investing activities                                128                --
                                                                            ----------          ----------

FINANCING ACTIVITIES:
Net payments on borrowings                                                      (1,142)                (33)

Repurchase of company stock                                                        (27)                (37)
                                                                            ----------          ----------
Net cash (used in) financing activities                                         (1,169)                (70)
                                                                            ----------          ----------

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                               (24)                386

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                     648                 985
                                                                            ----------          ----------

CASH AND CASH EQUIVALENTS, END OF PERIOD                                           624               1,371
                                                                            ==========          ==========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during period for-
  Interest                                                                  $       12          $        6
                                                                            ==========          ==========

       Non-cash issuance of common stock as compensation                    $        0          $        9
                                                                            ==========          ==========
</TABLE>

              The accompanying notes are an integral part of these
                  Condensed Consolidated financial statements.

                                        5
<PAGE>

                         WIRELESS XCESSORIES GROUP, INC.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (unaudited)

1. BASIS OF PRESENTATION

The consolidated condensed financial statements included herein have been
prepared by the management of Wireless Xcessories Group, Inc. ("Wireless
Xcessories" or the "Company") without audit, pursuant to the rules and
regulations of the Securities and Exchange Commission. Certain information and
footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or
omitted pursuant to such rules and regulations. These statements include all
adjustments that, in the opinion of management, are necessary to provide a fair
statement of the results for the periods covered. All such adjustments are of a
normal recurring nature. These financial statements should be read in
conjunction with the audited financial statements and footnotes thereto included
in the Company's Annual Report on Form 10-K for the year ended December 31,
2002. The results of operations for the three and nine months ended September
30, 2003 are not necessarily indicative of the results for the full year.

2. STOCK REPURCHASE PROGRAM

On January 11, 2001, the Board of Directors approved a stock buy back plan
whereby the Company will repurchase a total of up to 500,000 shares of common
stock at a total cost not to exceed $250,000 through July 20, 2001. The Company
has extended the buyback period to July 20, 2004. As of September 30, 2003, the
Company had repurchased 488,110 shares at an average approximate price of $.26
share, recorded at cost as Treasury Stock in the accompanying balance sheet as
at September 30, 2003.

3. SEGMENT DISCLOSURE

The Company operates in one business segment, which distributes cellular
telephone accessory products principally in North America. The Wireless Products
Segment is headquartered in Huntingdon Valley, Pennsylvania and all revenue and
essentially all long-lived assets were related to operations in the United
States as of September 30, 2003 and during the periods presented.

4. EARNINGS PER SHARE

The Company follows the provisions of Statement of Financial Accounting
Standards No. 128, "Earnings Per Share." The calculation of basic and diluted
earnings per share ("EPS") is reflected on the accompanying Consolidated
Statement of Operations.

Options to purchase 272,152 and 313,652 shares were outstanding at September 30,
2003 and September 30, 2002, respectively, with exercise prices ranging $.28 to
$4.44. Because of losses incurred during the three and nine months ended
September 30, 2003 and September 30, 2002, the impact of outstanding options
were not considered because the effect is anti-dilutive.

5. SIGNIFICANT ACCOUNTING POLICIES

Financial Reporting Release No. 60, which was recently released by the
Securities and Exchange Commission, requires all companies to include a
discussion of critical accounting policies or methods used in the preparation of
financial statements. The significant accounting policies that we believe are
most critical to aid in fully understanding our reported financial results are
the following:

Significant Estimates-- We have made a number of estimates and assumptions
related to the reporting of assets and liabilities in preparation of the
consolidated financial statements in conformity with accounting principles
generally accepted in the United States of America. The most significant
estimates relate to the allowance for doubtful accounts, the reserve for
Inventory obsolescence and the deferred tax valuation allowance. Actual amounts
could differ significantly from our estimates.

6. SUBSEQUENT EVENTS

In mid July 2003 the Company became a defendant in a civil law suit action in
the United States District Court-Eastern District of Pennsylvania in a trademark
infringement action brought by a competitor. The competitor sought damages in
excess of One million dollars and for the Company to cease all actions, destroy
any materials and end all prospective contractual relationships that may be
related to, or a result of, the alleged trademark infringement. The Company
denied all liability and asserted certain counter claims against the competitor.
In October 2003, the Company reached an out of court settlement with the
competitor resolving all actions brought in the lawsuit. As part of the
settlement, the Company agreed to a small monetary payment to the competitor,
which was fully reimbursed by the Company's insurance carrier.

                                        6
<PAGE>
In August 2003, the Board of Directors approved a plan authorizing the issuance
of up to 250,000 restricted shares of its Common Stock at no cost to key
management personnel from its authorized, but unissued, Common stock. The shares
to any covered individual would be issued in five equal increments beginning
with the grant date and on each one-year anniversary thereafter that the person
is an active employee. The restrictive legend will be eligible to be removed on
the first one-year anniversary of any particular issuance. The Company issued
40,000 shares under this program in October 2003.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

RESULTS OF OPERATIONS:

The following table represents the Company's statement of operations data
expressed as a percentage of net sales for the respective periods:
<TABLE><CAPTION>

                                                      Three Months Ended           Nine Months Ended
                                                         September 30,               September 30,
                                                       2002        2003            2002         2003
                                                      ------      ------          ------       ------
<S>                                                    <C>         <C>             <C>          <C>
Net Sales                                              100.0%      100.0%          100.0%       100.0%
Cost of Sales                                           53.8        53.1            54.9         54.6
                                                      ------      ------          ------       ------

Gross Profit                                            46.2        46.9            45.1         45.4
Selling, General and administrative Expenses            43.5        41.9            47.9         48.4
Interest Expense, net                                    0.0         0.0             0.0          0.0
                                                      ------      ------          ------       ------
Net (Loss) before Income Tax                             2.7         5.1            (2.9)        (2.9)
Income Tax                                               0.0         0.0             0.0          0.0
                                                      ------      ------          ------       ------
Net (Loss)                                               2.7%        5.1%           (2.9)%       (2.9)%
                                                      ======      ======          ======       ======
</TABLE>

Three Months Ended September 30, 2003 ("2003") Compared to Three Months ended
September30, 2002 ("2002").

Net sales decreased by $.4 million or 10.3% from $3.7 million in 2002 to $3.3
million in 2003. Sales continued to be negatively effected by the reduced market
demand for new cellular phones and its resultant effect on after market
accessory sales.

Gross profit decreased by $.2 million from $1.7 million in 2002 to $1.5 million
in 2003; however gross profit as a percentage of sales increased from 46.2% to
46.9 % due to continued improved pricing from vendors, favorable margins on
selected new product and higher margins on some large orders from new customers
which offset the continued competitive overall pressures on margins.

Selling, general and administrative (SG&A) expenses decreased approximately
$220,000 from $1.6 million in 2002 to $1.4 million in 2003, or 13.8%. The
reduction in SG&A expense was greater than the sales decrease for the quarter
and was a result of the Company's continued focus on improved employee
productivity and continued emphasis on cutting expenses, particularly in
administrative expenses.

Net interest income remained the same $1,000 for both 2003 and 2002.

The Company's effective income tax rate in calculating income tax expense for
the quarter in 2003 would have been 38% or a total expense of $63,000 but was
offset against its net deferred tax asset balance of $1,615,000 as of June 30,
2003, leaving a balance of $1,552,000 in that account as of September 30, 2003.
An offsetting entry in the same amount was made to the tax valuation allowance
account resulting in the same $1,552,000 balance as of September 30, 2003. The
income tax rate effective in both 2003 and 2002 is the same 38%.

Nine Months Ended September 30, 2003 ("2003") Compared to Nine Months ended
September 30, 2002 ("2002").

Net sales decreased by $2.3 million or 21.7% from $10.8 million in 2002 to $8.5
million in 2003. Sales continued to be negatively effected by the reduced market
demand for new cellular phones and its resultant effect on after market
accessory sales, though the

                                        7
<PAGE>

Company was able to substantially reduce the size of the year to date sales
decline percentage during the September, 2003 Quarter due to the pick up of new
business.

Gross profit decreased by $1.0 million from $4.9 million in 2002 to $3.8 million
in 2003 but gross profit as a percentage of sales improved from 45.1% in 2002 to
45.4% in 2003 due to increased pricing and reductions in packaging services and
incentives given to selected lower margin customers.

Selling, general and administrative (SG&A) expenses decreased approximately
$1,085,000 from $5.2 million in 2002 to $4.1 million in 2003, or 20.9 %. The
reduction in expense was a result of the Company's continuous cost cutting
program and emphasis on improved employee productivity.

Net interest expense decreased from $9,000 in 2002 to net interest income $2,000
in 2003 due primarily to substantially decreased borrowings and interest earned
on excess cash. .

The Company's effective income tax rate in calculating a possible benefit based
on the loss for the nine months in 2003 would have been 38% or a total benefit
of $93,000. At September 30, 2003, the Company has a tax allowance of $1,552,000
inclusive of the additional $93,000 added in 2003. The income tax rate effective
in both 2003 and 2002 is the same 38%.


                        LIQUIDITY AND CAPITAL RESOURCES:

The Company's requirements for capital are to fund (I) sales growth, (ii)
financing for possible acquisitions, (iii) repurchase of stock, and (iv) capital
expenditures mainly related to business system upgrades. The Company's primary
sources of financing during the twelve months ended September 30, 2003 were cash
flow from reductions in Inventory, Income tax refunds, principal payments of
Notes Receivable related to the disposition of the discontinued operations
(Battery Network and Tauber) and cash flow from operations.

The Company's working capital as of September 30, 2003 and 2002 were $2,643,000
and $2,613,000 respectively. Net cash provided by operating activities for the
nine months ended September 30, 2003 and 2002 were $1,017,000 and $456,000,
respectively. In 2003, the Company generated cash from operations of $ 330,000
from its net loss of $246,000 as adjusted for non-cash items of depreciation and
amortization of $368,000 and a bad debt provision of $199,000 and the issuance
of $9,000 of common stock to its Directors. Cash provided from changes in assets
and liabilities of $126,000 resulted from net decreases in inventory of $372,000
and prepaid expense and other assets of $29,000 and an increase in accounts
payable and accrued expenses of $397,000 offset in part by an increase in
Accounts Receivable of $672,000. In 2002, the Company generated cash from
operations of $172,000 from its net loss of $312,000 as adjusted for non-cash
items of depreciation and amortization of $368,000 and a bad debt provision of
$116,000. Cash provided from changes in assets and liabilities totaled $845,000
resulting from net decreases in accounts receivable of $916,000, inventory of
$542,000 offset in part by a decrease increase in accounts payable and accrued
expenses of $613,000.

For the nine months ended September 30, 2003 investing activities consisted of a
total of $121,000 expended for the purchase of property and equipment
(Principally a new business system) that was fully offset by principal note
payments received of approximately $121,000 relating to the sale of the
discontinued operations. Net cash provided by investing activities for the nine
months ended September 30, 2002 was $128,000 resulting from the collection of
note principal payments of $145,000 offset, in part, by the purchase of property
and equipment of $17,000.

Cash used in financing activities for the nine months ended September 30, 2003
was $70,000 resulting from net reductions in capital leases of $33,000 and
$37,000 for the repurchase of the Company's common stock. Cash used in financing
activities for the nine months ended September 30, 2002 of $1,169,000 was
principally used for $1,100,000 net payments under the Revolver Loan, net
reductions in capital leases of $42,000 and $27,000 for the repurchase of the
Company's common stock. The Company had cash and cash equivalents of
approximately $1,371,000 on September 30, 2003.

The Company estimates that it will incur capital expenditures of approximately
$150,000 during the twelve months ended September 30, 2004, principally for
business system upgrades including expanded customer EDI capabilities and
Inventory control system upgrades (RF Guns and related peripherals and set-up.

Based upon its present plans, management believes that operating cash flow, and
available cash will be adequate to meet the working capital cash and capital
expenditure needs of the Company during the twelve months ending September 30,
2004.

                                        8
<PAGE>
Evaluation of Disclosure Controls And Procedures:

We maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our Exchange Act reports is recorded,
processed, summarized and reported within the time periods specified in the
SEC's rules and forms, and that such information is accumulated and communicated
to our management including our chief executive officer and chief financial
officer, as appropriate, to allow timely decisions regarding required
disclosure. In designing and evaluating the disclosure controls and procedures,
management recognized that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the
desired control objectives, and management necessarily was required to apply its
judgment in evaluating the cost-benefit relationship of possible controls and
procedures.

As of November 7, 2003 we completed an evaluation, under the supervision and
with the participation of our management, including our chief executive officer
and chief financial officer, of the effectiveness of the design and operation of
our disclosure controls and procedures. Based on the foregoing, our chief
executive officer and chief financial officer concluded that the Company's
disclosure controls and procedures were effective.

Changes in Internal Controls

There have not been any significant changes in the Company's internal controls
or in other factors that could significantly affect these controls subsequent to
the date of their evaluation.


                                     PART II

                                OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, the Company is involved in litigation relating to claims
arising out of its operation in the normal course of business. The Company is
not involved in any legal proceedings, which would, in management's opinion,
have a material adverse effect on the Company's business or results of
operations.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

There have been no changes in securities during the quarter ended September 30,
2003.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

There have been no defaults by the Company on any Senior Securities during the
quarter ended September 30, 2003.

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

    (a) Exhibits

       99-1    Statement under oath of principal executive officer.
       99-2    Statement under oath of principal financial officer.


    (b) Reports on Form 8-K
        None

                                        9
<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                                By:  /s/ Stephen Rade
                                                     ---------------------------
Date: November 14, 2003                              Stephen Rade
                                                     Chief Executive Officer


                                                By:  /s/ Ronald E. Badke
                                                     ---------------------------
Date: November 14, 2003                              Ronald E. Badke
                                                     Chief Financial Officer









                                       10