TABLE OF CONTENTS




|                                                                      |                                                                                               |  |  |  |  |  |  | 
|--------------------------------------------------------------------- | --------------------------------------------------------------------------------------------- |  |  |  |  |  |  | 
|PART I. FINANCIAL INFORMATION
BARRISTER GLOBAL SERVICES NETWORK, INC.
|                                                                      | CONDENSED BALANCE SHEETS                                                                     
|                                                                      | CONDENSED STATEMENTS OF OPERATIONS                                                           
|                                                                      | CONDENSED STATEMENT OF STOCKHOLDERS EQUITY                                                  
|                                                                      | CONDENSED STATEMENTS OF CASH FLOWS                                                           
|                                                                      | NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS                                            
|                                                                      | Item 2. Managements Discussion and Analysis of Financial Condition
and Results of Operations
|PART II. OTHER INFORMATION                                           
|                                                                      | Item 6. Exhibits and Reports on Form 8-K                                                     
|                                                                      | CERTIFICATIONS                                                                               
|EX-99.2  Certification                                               



---



##### Table of Contents



SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.

FORM 10-Q / A

Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934

For Quarter EndedJune 30, 2002

Commission File Number0-14063

BARRISTER GLOBAL SERVICES NETWORK, INC.(Exact name of Registrant as specified in its charter)

|                                |  |                    
|------------------------------- |  | -------------------
|Delaware                        |  | 16-1176561         
|(State or other jurisdiction of |  | (I.R.S. Employer   
|incorporation of organization)  |  | Identification No.)

|                                         |  |  |  |           
|---------------------------------------- |  |  |  | ----------
|290 Ellicott Street, Buffalo, New York   |  |  |  | 14203     
|(Address of principal executive offices) |  |  |  | (Zip Code)

Registrants telephone number, including area code (716) 845-5010

Not Applicable

---

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

|                      |  |                                
|--------------------- |  | -------------------------------
|Class                 |  | Outstanding at January 31, 2003
|                      |  |                                
|Common $.24 Par Value |  | 11,901,326 Shares              

Explanatory Note

This amendment to the registrants report on Form 10-Q for the three month
period ended June 30, 2002 is being filed to include a restatement of the
Companys Financial Statements for the three months ended June 30, 2002. See
note 5 to the Unaudited Condensed Financial Statements for a summary of the
significant effects of the restatement.





---



##### Table of Contents



BARRISTER GLOBAL SERVICES NETWORK, INC.

INDEX

|        |                                                                                                       |                                                                                       |      | 
|------- | ----------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------- | ---- | 
|        |                                                                                                       |                                                                                       | Page
|PART I. | Financial Information                                                                                 | Number                                                                               
|        |                                                                                                       |                                                                                       |     
|        | Item 1.                                                                                               | Financial Statements                                                                  |      | 
|       
|        | Condensed Balance Sheets at June 30, 2002 (as restated)
and March 31, 2002                            | 3                                                                                     |     
|       
|        | Condensed Statements of Operations -
Three Months Ended June 30, 2002 (as restated)
and June 30, 2001 | 4                                                                                     |     
|       
|        | Condensed Statement of Stockholders Equity -
Three Months Ended June 30, 2002 (as restated)          | 5                                                                                     |     
|       
|        | Condensed Statements of Cash Flows -
Three Months Ended June 30, 2002 (as restated)
and June 30, 2001 | 6                                                                                     |     
|       
|        | Notes to Unaudited Condensed Financial Statements                                                     | 7                                                                                     |     
|       
|        | Item 2.                                                                                               | Managements Discussion and Analysis
of Financial Condition and Results
of Operations | 9    | 

|               |        |                                  |    | 
|-------------- | ------ | -------------------------------- | -- | 
|PART II.       |        | Other Information                |    | 
|              
|               | Item 6 | Exhibits and Reports on Form 8-K | 11 | 
|              
|SIGNATURES     | 12     |                                 
|              
|CERTIFICATIONS | 13     |                                 

2



---



##### Table of Contents









PART I. FINANCIAL INFORMATION
BARRISTER GLOBAL SERVICES NETWORK, INC.







|                                               |                                                                                                           |               |                                          |         |             |       |          |         |   |       | 
|---------------------------------------------- | --------------------------------------------------------------------------------------------------------- | ------------- | ---------------------------------------- | ------- | ----------- | ----- | -------- | ------- | - | ----- | 
|                                               |                                                                                                           |               |                                          |         | June 30     |       | March 31
|                                               |                                                                                                           |               |                                          |         |             |       |         
|                                               |                                                                                                           |               |                                          |         | 2002        |       | 2002    
|                                               |                                                                                                           |               |                                          |         |             |       |         
|ASSETS                                         |                                                                                                           | (As restated, |                                          |        
|                                               |                                                                                                           |               |                                          |         | see Note 5) |       |          |         |  
|Current assets:                                |                                                                                                           |               |                                          |         |             |       |          |        
|                                               | Cash and equivalents                                                                                      |               | $                                        | 1,225   |             |       | $        | 1,222   |  
|                                               | Short-term investments                                                                                    |               |                                          | 1,176   |             |       |          | 1,040   |  
|                                               | Accounts receivable                                                                                       |               |                                          | 1,225   |             |       |          | 1,289   |  
|                                               | Service parts inventory                                                                                   |               |                                          | 834     |             |       |          | 933     |  
|                                               | Prepaid expenses                                                                                          |               |                                          | 62      |             |       |          | 23      |  
|                                               | Deferred and refundable income taxes                                                                      |               |                                          | 420     |             |       |          | 487     |  
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|                                               |                                                                                                           |               | Total current assets                     |         |             | 4,942 |          |         |   | 4,994 | 
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|Equipment and leasehold improvements, at cost  |                                                                                                           |               | 1,859                                    |         |             |       | 1,835    |        
|                                               | Less accumulated depreciation                                                                             |               |                                          | 1,485   |             |       |          | 1,448   |  
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|                                               |                                                                                                           |               | Net equipment and leasehold improvements |         |             | 374   |          |         |   | 387   | 
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|Marketable securities                          |                                                                                                           |               | 1,284                                    |         |             |       | 1,730    |        
|Other assets                                   |                                                                                                           |               | 56                                       |         |             |       | 25       |        
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|                                               |                                                                                                           | $             | 6,656                                    |         |             | $     | 7,136    |        
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|                                              
|LIABILITIES AND STOCKHOLDERS EQUITY           |                                                                                                           |               |                                          |         |             |       |          |        
|                                              
|Current liabilities:                           |                                                                                                           |               |                                          |         |             |       |          |        
|                                               | Current installments of long-term debt ($163 and $266 to a related party, respectively)                   |               | $                                        | 207     |             |       | $        | 307     |  
|                                               | Accounts payable                                                                                          |               |                                          | 589     |             |       |          | 761     |  
|                                               | Accrued compensation and benefits                                                                         |               |                                          | 500     |             |       |          | 677     |  
|                                               | Customer advances and unearned revenue                                                                    |               |                                          | 643     |             |       |          | 661     |  
|                                               | Other accrued expenses                                                                                    |               |                                          | 53      |             |       |          | 152     |  
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|                                               |                                                                                                           |               | Total current liabilities                |         |             | 1,992 |          |         |   | 2,558 | 
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|Deferred compensation                          |                                                                                                           |               | 243                                      |         |             |       | 267      |        
|Long-term debt, excluding current installments |                                                                                                           |               | 15                                       |         |             |       | 27       |        
|                                              
|Stockholders equity:                          |                                                                                                           |               |                                          |         |             |       |          |        
|                                               | Preferred stock                                                                                           |               |                                          |        |             |       |          |        |  
|                                               | Common stock, $.24 par value, 11,901,326 and 11,844,963
shares outstanding at June and March respectively |               |                                          | 2,867   |             |       |          | 2,867   |  
|                                               | Additional paid-in capital                                                                                |               |                                          | 23,025  |             |       |          | 23,028  |  
|                                               | Accumulated deficit                                                                                       |               |                                          | (21,435 | )           |       |          | (21,550 | )
|                                               | Accumulated other comprehensive income                                                                    |               |                                          | 7       |             |       |          |        |  
|                                               | Note receivable for treasury shares issued                                                                |               |                                          | (31     | )           |       |          |        |  
|                                               | Treasury stock at cost                                                                                    |               |                                          | (27     | )           |       |          | (61     | )
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|                                               |                                                                                                           |               | Total stockholders equity               |         |             | 4,406 |          |         |   | 4,284 | 
|                                               |                                                                                                           |               |                                          |         |             |       |          |        
|                                               |                                                                                                           | $             | 6,656                                    |         |             | $     | 7,136    |        
|                                               |                                                                                                           |               |                                          |         |             |       |          |        

See accompanying notes to condensed financial statements.

3



---



##### Table of Contents



BARRISTER GLOBAL SERVICES NETWORK, INC.







|                                                      |                                              |                    |       |                    |        |         |       |       |        |  
|----------------------------------------------------- | -------------------------------------------- | ------------------ | ----- | ------------------ | ------ | ------- | ----- | ----- | ------ | -
|                                                      |                                              |                    |       | Three months ended
|                                                      |                                              |                    |       |                   
|                                                      |                                              |                    |       | June 30            |        | June 30
|                                                      |                                              |                    |       | 2002               |        | 2001   
|                                                      |                                              |                    |       | (As restated,      |        |        
|                                                      |                                              |                    |       | see Note 5)        |        |         |       |      
|                                                      |                                              |                    |       |                   
|Revenues                                              |                                              | $                  | 3,113 |                    |        | $       | 3,043 |      
|                                                     
|Costs and expenses:                                   |                                              |                    |       |                    |        |         |       |      
|                                                      | Cost of services                             |                    |       | 2,453              |        |         |       | 2,272 |       
|                                                      | Selling, general and administrative expenses |                    |       | 933                |        |         |       | 889   |       
|                                                      |                                              |                    |       |                    |        |         |       |      
|Operating loss                                        |                                              |                    | (273  | )                  |        |         | (118  | )    
|                                                      |                                              |                    |       |                    |        |         |       |      
|Other expense (income):                               |                                              |                    |       |                    |        |         |       |      
|                                                      | Interest expense to related party            |                    |       | 4                  |        |         |       | 12    |       
|                                                      | Other interest income                        |                    |       | (31                | )      |         |       | (62   | )     
|                                                      | Common
Stock received from demutualization   |                    |       | (428               | )      |         |       |      |       
|                                                      |                                              |                    |       |                    |        |         |       |      
|                                                      |                                              | Total other income |       |                    | (455   | )       |       |       | (50    | )
|                                                      |                                              |                    |       |                    |        |         |       |      
|Earnings (loss) before income taxes                   |                                              |                    | 182   |                    |        |         | (68   | )    
|                                                     
|Income tax expense (benefit)                          |                                              |                    | 67    |                    |        |         | (25   | )    
|                                                     
|                                                      |                                              |                    |       |                    |        |         |       |      
|Net earnings (loss)                                   |                                              | $                  | 115   |                    |        | $       | (43   | )    
|                                                      |                                              |                    |       |                    |        |         |       |      
|                                                     
|Basic and diluted earnings (loss) per common share:   |                                              | $                  | .01   |                    |        | $       | .00   |      
|                                                      |                                              |                    |       |                    |        |         |       |      
|                                                     
|Weighted average number of common shares
outstanding: |                                              |                    |       |                    |        |         |       |      
|                                                      |                                              | Basic              |       |                    | 11,866 |         |       |       | 11,945 |  
|                                                      |                                              |                    |       |                    |        |         |       |      
|                                                      |                                              | Diluted            |       |                    | 11,872 |         |       |       | 11,945 |  
|                                                      |                                              |                    |       |                    |        |         |       |      

See accompanying notes to condensed financial statements.

4



---



##### Table of Contents



BARRISTER GLOBAL SERVICES NETWORK, INC.







|                                                                   |  |        |       |         |  |             |        |               |  |              |         |                   |  |       |   |          |  |   |     |   |  |   |       |  
|------------------------------------------------------------------ |  | ------ | ----- | ------- |  | ----------- | ------ | ------------- |  | ------------ | ------- | ----------------- |  | ----- | - | -------- |  | - | --- | - |  | - | ----- | -
|                                                                   |  |        |       |         |  |             |        |               |  |              |         |                   |  |       |   | Treasury |  |   |     |  
|                                                                   |  |        |       |         |  | Additional  |        |               |  |              |         | Accumulated other |  | stock |   |          |  |  
|                                                                   |  | Common |       | paid-in |  | Accumulated |        | comprehensive |  | and          |         |                   |  |      
|                                                                   |  | stock  |       | capital |  | deficit     |        | income        |  | related note |         | Total            
|                                                                   |  |        |       |         |  |             |        |               |  |              |         |                  
|Balance at March 31, 2002                                          |  | $      | 2,867 |         |  | $           | 23,028 |               |  | $            | (21,550 | )                 |  | $     |  |          |  | $ | (61 | ) |  | $ | 4,284 |  
|Sale of 56,363 treasury shares                                     |  |        |      |         |  |             | (3     | )             |  |              |        |                   |  |       |  |          |  |   | 34  |   |  |   | 31    |  
|Note receivable for treasury shares issued                         |  |        |      |         |  |             |       |               |  |              |        |                   |  |       |  |          |  |   | (31 | ) |  |   | (31   | )
|Unrealized gain on securities
net of tax (as restated, see
Note 5) |  |        |      |         |  |             |       |               |  |              |        |                   |  |       | 7 |          |  |   |    |   |  |   | 7     |  
|Net earnings (as restated, see
Note 5)                             |  |        |      |         |  |             |       |               |  |              | 115     |                   |  |       |  |          |  |   |    |   |  |   | 115   |  
|                                                                   |  |        |       |         |  |             |        |               |  |              |         |                   |  |       |   |          |  |   |     |   |  |   |       |  
|Balance at June 30, 2002
(as restated, see Note 5 )                |  | $      | 2,867 |         |  | $           | 23,025 |               |  | $            | (21,435 | )                 |  | $     | 7 |          |  | $ | (58 | ) |  | $ | 4,406 |  
|                                                                   |  |        |       |         |  |             |        |               |  |              |         |                   |  |       |   |          |  |   |     |   |  |   |       |  

See accompanying notes to condensed financial statements.

5



---



##### Table of Contents



BARRISTER GLOBAL SERVICES NETWORK, INC.







|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |        |       |      |  
|------------------------------------------------- | -------------------------------------------------------------------------------------- | ------------------------------------------------------- | --------------------------------------- | ----- | ------------------ | ---- | ------- | ------ | ----- | ---- | -
|                                                  |                                                                                        |                                                         |                                         |       | Three months ended
|                                                  |                                                                                        |                                                         |                                         |       |                   
|                                                  |                                                                                        |                                                         |                                         |       | June 30            |      | June 30
|                                                  |                                                                                        |                                                         |                                         |       | 2002               |      | 2001   
|                                                  |                                                                                        |                                                         |                                         |       | (As restated       |      |        
|                                                  |                                                                                        |                                                         |                                         |       | see Note 5)        |      |         |        |      
|                                                  |                                                                                        |                                                         |                                         |       |                   
|Cash flows from operating activities:             |                                                                                        |                                                         |                                         |       |                    |      |         |       
|                                                  | Net earnings (loss)                                                                    |                                                         | $                                       | 115   |                    |      | $       | (43    | )    
|                                                  | Adjustments to reconcile net earnings (loss) to net
cash used by operating activities: |                                                         |                                         |       |                    |      |         |        |      
|                                                  |                                                                                        | Depreciation                                            |                                         |       | 37                 |      |         |        | 41    |     
|                                                  |                                                                                        | Common stock received from demutualization              |                                         |       | (428               | )    |         |        |      |     
|                                                  |                                                                                        | Changes in current assets and liabilities:              |                                         |       |                    |      |         |        |       |     
|                                                  |                                                                                        |                                                         | Accounts receivable                     |       |                    | 64   |         |        |       | 471  |  
|                                                  |                                                                                        |                                                         | Service parts inventories               |       |                    | 99   |         |        |       | 74   |  
|                                                  |                                                                                        |                                                         | Deferred and refundable income taxes    |       |                    | 67   |         |        |       | (25  | )
|                                                  |                                                                                        |                                                         | Prepaid expenses                        |       |                    | (39  | )       |        |       | (17  | )
|                                                  |                                                                                        |                                                         | Accounts payable                        |       |                    | (172 | )       |        |       | (147 | )
|                                                  |                                                                                        |                                                         | Accrued compensation and benefits       |       |                    | (201 | )       |        |       | (123 | )
|                                                  |                                                                                        |                                                         | Customer advances and unearned revenues |       |                    | (18  | )       |        |       | (195 | )
|                                                  |                                                                                        |                                                         | Other accrued expenses                  |       |                    | (99  | )       |        |       | (88  | )
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|                                                  |                                                                                        | Net cash used by operating activities                   |                                         |       | (575               | )    |         |        | (52   | )   
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|Cash flows from investing activities:             |                                                                                        |                                                         |                                         |       |                    |      |         |       
|                                                  | Additions to equipment and leasehold
Improvements                                      |                                                         |                                         | (24   | )                  |      |         | (36    | )    
|                                                  | Maturity of investments                                                                |                                                         |                                         | 1,691 |                    |      |         | 2,784  |      
|                                                  | Purchases of investments and marketable securities                                     |                                                         |                                         | (946  | )                  |      |         | (1,263 | )    
|                                                  | Other assets                                                                           |                                                         |                                         | (31   | )                  |      |         | (3     | )    
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|                                                  |                                                                                        | Net cash provided by investing activities               |                                         |       | 690                |      |         |        | 1,482 |     
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|Cash flows from financing activities:             |                                                                                        |                                                         |                                         |       |                    |      |         |       
|                                                  | Repayment of debt                                                                      |                                                         |                                         | (112  | )                  |      |         | (103   | )    
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|                                                  |                                                                                        | Net cash used by financing activities                   |                                         |       | (112               | )    |         |        | (103  | )   
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|Net increase in cash and equivalents              |                                                                                        |                                                         | 3                                       |       |                    |      | 1,327   |       
|Cash and equivalents at beginning of period       |                                                                                        |                                                         | 1,222                                   |       |                    |      | 1,104   |       
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|Cash and equivalents at end of period             |                                                                                        | $                                                       | 1,225                                   |       |                    | $    | 2,431   |       
|                                                  |                                                                                        |                                                         |                                         |       |                    |      |         |       
|Supplemental disclosure of cash flow information: |                                                                                        |                                                         |                                         |       |                    |      |         |       
|                                                  | Interest paid                                                                          |                                                         | $                                       | 5     |                    |      | $       | 16     |      
|                                                  | Non cash financing activity:                                                           |                                                         |                                         |       |                    |      |         |        |      
|                                                  |                                                                                        | Sale of treasury shares in exchange for note receivable |                                         | $     | 31                 |      |         | $      |      |     

See accompanying notes to condensed financial statements.

6



---



##### Table of Contents



BARRISTER GLOBAL SERVICES NETWORK, INC.







1.     Barrister Global Services Network, Inc. (the Company) provides equipment
maintenance for multi-vendor equipment including personal computers and related
equipment generally attached to local area networks. This comprehensive
maintenance and warranty service is done on a contractual and time and
materials basis. These services are provided through a network of service
locations throughout the United States.

The accompanying unaudited condensed financial statements have been
prepared in accordance with accounting principles generally accepted in the
United States of America (GAAP) for interim financial information and with
the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly,
they do not include all of the information required by GAAP for complete
financial statement presentation. In the opinion of management, all adjustments
(consisting only of normal recurring adjustments) necessary for a fair
presentation of financial position, results of operations, and cash
flows have been included. Operating results
for the period ended June 30, 2002 are not necessarily indicative of the
results to be expected for other interim periods or the full year. These
financial statements should be read in conjunction with the financial
statements and accompanying notes contained in the Barrister Global Services
Network, Inc. Form 10-K for the fiscal year ended March 31, 2002.

2.     Cash and equivalents consist of cash and liquid debt instruments with
maturity of three months or less from the date of purchase. Cash and
equivalents are stated at cost plus accrued interest, which approximates market
value. Short-term investments contain both held-to-maturity securities of
$526,000, based on the Companys ability and intent to hold the securities
until maturity and available-for-sale securities of $650,000, held primarily
for sale. The held-to-maturity securities are recorded at amortized cost
adjusted for the accretion of discounts or cost plus accrued interest.
Available-for-sale securities are carried at fair value, based on quoted market
prices. The net unrealized gains or losses, if any, on the available-for-sale
securities are reported as a separate component of stockholders equity, net of
tax. Short-term investments include corporate debt instruments. At June 30, 2002, short-term investments also
included shares of Principal Financial Group, Inc. (Principal) common stock
received in the demutualization of Principal. Held-to-maturity securities consist of mortgage-backed
securities which are expected to mature in less than two years.

3. On July 15, 2002, the Company acquired all of the outstanding capital stock
of Advantage Innovation, Inc. (Advantage) for $1,200,000 in cash and future
consideration of two contingent payments. The contingent payments are due on
the first and second anniversaries of the closing, in an amount based upon the
amount of earnings before interest, taxes, depreciation and amortization
achieved by Advantage in each of the two years. Advantage was a privately held
technical and computer services firm located in New Orleans, Louisiana that
performed services nationwide generally in the consumer market. The acquisition
will be accounted for by the purchase method of accounting. Since the closing
date occurred after the quarter end, the results of Advantages operations are
not included in the reported financial statements.

7



---



##### Table of Contents



4.     The Company adopted Statement of Financial Accounting Standards (SFAS) No.
141, Business Combinations, SFAS No. 142, Goodwill and Other Intangible
Assets and SFAS No. 144, Accounting for the Impairment or Disposal of
Long-Lived Assets on April 1, 2002. SFAS No. 141 requires that the purchase
method be used for all business combinations initiated after June 30, 2001.
SFAS No. 142 changes the accounting for goodwill and intangible assets with
indefinite lives from an amortization method to an impairment approach. SFAS
No. 144 establishes a single accounting model for long-lived assets to be
disposed of by sale and it expands the presentation of discontinued operations
to include more disposal transactions. The adoption of these pronouncements did
not have an impact on the financial statements.

5.     Subsequent to the issuance of the financial statements for the three months
ended June 30, 2002, management determined that it should have recorded 14,159
shares of Principal common stock that had been issued to the Company in
connection with the demutualization of Principal in its financial statements as
of June 17, 2002, the date it received notice of its ownership of the shares.
As a result, the Company has restated the financial statements as of and for
the three months ended June 30, 2002 to include the fair market value of the
shares within short-term investments and to recognize the receipt of the shares
in other income.

The principal effects of the restatement are summarized in the following table:

|                                            |   |               |  |             |         |  
|------------------------------------------- | - | ------------- |  | ----------- | ------- | -
|                                            |   | As originally |  |             |         |  
|For the three months ended June 30, 2002    |   | reported      |  | As restated
|                                            |   |               |  |            
|Common Stock received from demutualization  | $ |              |  | $           | (428    | )
|                                           
|Income tax (benefit) expense                |   | (85)          |  |             | 67      |  
|Net (loss) earnings                         |   | (161)         |  |             | 115     |  
|Basic and diluted (loss) earnings per share |   | (.01)         |  |             | .01     |  
|                                           
|At June 30, 2002                            |   |               |  |             |         |  
|                                           
|Short-term investments                      |   | 741           |  |             | 1,176   |  
|Deferred and refundable income taxes        |   | 572           |  |             | 420     |  
|Total assets                                |   | 6,404         |  |             | 6,656   |  
|Accumulated deficit                         |   | (21,711)      |  |             | (21,435 | )
|Accumulated other comprehensive income      |   |              |  |             | 7       |  
|Stockholders equity                        |   | 4,154         |  |             | 4,406   |  

6.     Total comprehensive income recorded
by the Company for the quarter ended June 30 , 2002 includes
unrealized gains on available-for-sale securities as shown below. For the
quarter ended June 30, 2001, total comprehensive loss was the same as the net
loss.

|                                          |  |   |      | 
|----------------------------------------- |  | - | ---- | 
|                                          |  |   | 2002 | 
|                                          |  |   |      | 
|Net earnings                              |  | $ | 115  | 
|Unrealized gain on securities, net of tax |  |   | 7    | 
|                                          |  |   |      | 
|Total comprehensive income                |  | $ | 122  | 
|                                          |  |   |      | 

7.     The weighted average common shares used in the computation of basic
and diluted earnings per share were as follows:

|         |                                               |                                                    |   |         |        |         |   |        |        | 
|-------- | --------------------------------------------- | -------------------------------------------------- | - | ------- | ------ | ------- | - | ------ | ------ | 
|         |                                               |                                                    |   | June 30 |        | June 30
|         |                                               |                                                    |   | 2002    |        | 2001   
|         |                                               |                                                    |   |         |        |        
|Basic:   |                                               |                                                    |  |         |        |         |  |       
|        
|        
|        
|        
|         | Weighted average number of shares outstanding |                                                    |   | 11,866  |        |         |   | 11,945 |       
|        
|        
|        
|        
|Diluted: |                                               |                                                    |   |         |        |         |   |       
|        
|        
|        
|        
|         | Dilutive effect of stock options              |                                                    |   | 6       |        |         |   |       |       
|         |                                               |                                                    |   |         |        |         |   |       
|         |                                               | Total weighted average dilutive shares outstanding |   |         | 11,872 |         |   |        | 11,945 | 
|         |                                               |                                                    |   |         |        |         |   |       

8



---



##### Table of Contents









Item 2. Managements Discussion and Analysis of Financial Condition                
and Results of Operations

As discussed in Note 6 to the Notes to Financial Statements included in ITEM
1, the accompanying 2002 financial statements for the three months ended June
30, 2002 have been restated. The following Managements Discussion and
Analysis reflects this restatement.

Results of Operations

For the quarter ended June 30, 2002, revenues increased approximately 2.3%
from the same quarter in 2001. This increase resulted from growth in services
provided on a time and materials basis which increased by 7.8% for the
comparative first quarters, from $745,000 to $803,000. The principal reason
for this increase were services provided on a large contract which started in
September of 2001. Revenues from hardware maintenance contracts remained at
$2.3 million for the comparative first quarters.

The cost of services increased as a percentage of revenues from 74.7% in
the first quarter of the prior year to 78.8% in the first quarter of the
current year. The principal reason for this increase was higher call volumes
provided on a large contract which started in September of 2001. This resulted
in higher expenses being incurred for outsourced services and parts-related
costs to service this contract.

Selling, general and administrative expenses were 30.0% of revenues for
the first quarter of this year compared to 29.2% for the comparative quarter
last year. The principal reason for this increase was the investment in
marketing functions, which was based on planned expenditures in this area.
Selling, general and administrative expenses increased by 4.9% for the
comparative first quarters.

The decrease in net interest income for the comparative first quarters
resulted from lower interest rates and a reduction in amounts invested. Total
other income primarily resulted from the receipt of 14,159 shares of Principal Financial Group,
Inc. common stock in connection with the demutualization of Principal.

Income taxes recorded in each of the first quarters approximated the
statutory tax rate. No additional tax benefits were established in the
statements of operations for the comparable quarters, since the Company has
fully reserved for the tax effect of net deductible temporary differences and
loss carryforwards. These benefits will be recorded in future periods as they
are realized or as their realization becomes predictable.

Financial Condition

Cash and equivalents, short-term investments and marketable securities
totaled $3,685,000 at June 30, 2002 and $3,992,000 at March 31, 2002. The net
decrease of $307,000 was primarily a result of net cash used by operating
activities of $575,000, debt repayments of $112,000 and additions to equipment
and leasehold improvements of $24,000. The decrease was partially offset
by the receipt of common shares of Principal Financial Group, Inc. valued at
$435,000.

On July 15, 2002, the Company acquired the stock of Advantage Innovation,
Inc. for an initial cash payment of $1,200,000. Additional payments are due on
the first and second anniversaries of the closing, contingent upon the amount
of earnings before interest, taxes, depreciation and amortization achieved by
Advantage in each of the two years. Advantage has developed an outsourcing
model to deliver services on a more cost effective basis. The Company expects
to use Advantage to deliver certain of its services, thereby reducing its costs

9



---



##### Table of Contents



and allowing it to be more competitive in capturing new business and
retaining existing contracts that are driven by price.

On June 18, 2002, the Company signed an operating lease agreement to move
its headquarters offices and operations center into a new facility. This move
is expected to occur toward the end of the third quarter. The Company expects
to obtain financing for any significant capital expenditures in relation to the
new facility.

In addition to the initial cash payment made to Advantage, the principal
cash requirements expected for fiscal 2003 are debt repayments of $307,000 and
additions to equipment and leasehold improvements. The Companys cash and
investments will be sufficient to cover working capital, capital expenditure
requirements and debt repayments in fiscal 2003.

New accounting Pronouncements

The Company adopted Statement of Financial Accounting Standards (SFAS) No.
141, Business Combinations, SFAS No. 142, Goodwill and Other Intangible
Assets and SFAS No. 144, Accounting for the Impairment or Disposal of
Long-Lived Assets on April 1, 2002. SFAS No. 141 requires that the purchase
method be used for all business combinations initiated after June 30, 2001.
SFAS No. 142 changes the accounting for goodwill and intangible assets with
indefinite lives from an amortization method to an impairment approach. SFAS
No. 144 establishes a single accounting model for long-lived assets to be
disposed of by sale and it expands the presentation of discontinued operations
to include more disposal transactions. The adoption of these pronouncements did
not have an impact on the financial statements.

Forward-Looking Statement

When used in this report, the words expects, believes and intends
and similar expressions are intended to identify forward-looking statements.
Such statements are subject to certain risks and uncertainties which could
cause actual results to differ materially from those projected. Readers are
cautioned not to place undue reliance on these forward-looking statements which
speak only as of the date hereof. The company undertakes no obligation to
republish revised forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrences of unanticipated events.
Readers are also urged to carefully review and consider the various disclosures
made by the Company which attempt to advise interested parties of the factors
which affect the Companys business in the Companys periodic reports on Form
10K and 10Q filed with the Securities and Exchange Commission.

10



---



##### Table of Contents









PART II. OTHER INFORMATION







Item 6.              Exhibits and Reports on Form 8-K

|    |                      |                                                                                                                                                                                                                                                                                                                                        
|--- | -------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a) | Exhibits:           
|    |                      | Exhibit 99.1  Certification dated August 13, 2002 of
President and Chief Executive Officer and Senior Vice
President, Finance (Principal Financial Officer) to 18
U. S. C. section 1350, as adopted pursuant to section
906 of the Sarbanes-Oxley act of 2002. Included as
exhibit 99 to Report on Form 10-Q filed on August 14,
2002.
|   
|    |                      | Exhibit 99.2  Certification dated February 14, 2003 of
President and Chief Executive Officer and Senior Vice
President, Finance (Principal Financial Officer) to 18
U. S. C. section 1350, as adopted pursuant to section
906 of the Sarbanes-Oxley act of 2002.                                                                      
|   
|(b) | Reports on Form 8-K:



| |                                                                                                                             
| | ----------------------------------------------------------------------------------------------------------------------------
| | Reports were filed on July 22, 2002 and August 13, 2002 regarding the
acquisition of the stock of Advantage Innovation, Inc.

11



---



##### Table of Contents



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.

BARRISTER GLOBAL SERVICES NETWORK, INC.



|      |  |                   |  |     |  |                                                                                             
|----- |  | ----------------- |  | --- |  | --------------------------------------------------------------------------------------------
|Date: |  | February 14, 2003 |  | By: |  | /s/   William O. BrayWilliam O. Bray
President
and
Chief Executive Officer                  
|     
|     
|     
|Date: |  | February 14, 2003 |  | By: |  | /s/   Richard P. BeyerRichard P. Beyer
Vice President, Finance
(Principal Financial Officer)

12



---



##### Table of Contents









CERTIFICATIONS

I, William O. Bray, certify that:

|   |  |                                                                                                                                                                                                                                                                                                          
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. |  | I have reviewed this quarterly report on Form 10Q / A of Barrister Global
Services Network, Inc.;                                                                                                                                                                                                        
|  
|2. |  | Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the
report;
|  
|3. |  | Based on my knowledge, the financial statements, and other financial
information included in this 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 report;                  



|      |  |                   |  |     |  |                                                                           
|----- |  | ----------------- |  | --- |  | --------------------------------------------------------------------------
|Date: |  | February 14, 2003 |  | By: |  | /s/   William O. BrayWilliam O. Bray
President and
Chief Executive Officer

13



---



##### Table of Contents



CERTIFICATIONS

I, Richard P. Beyer, certify that:

|   |  |                                                                                                                                                                                                                                                                                                          
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. |  | I have reviewed this quarterly report on Form 10Q / A of Barrister Global
Services Network, Inc.;                                                                                                                                                                                                        
|  
|2. |  | Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the
report;
|  
|3. |  | Based on my knowledge, the financial statements, and other financial
information included in this 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 report;                  



|      |  |                   |  |     |  |                                                                                                    
|----- |  | ----------------- |  | --- |  | ---------------------------------------------------------------------------------------------------
|Date: |  | February 14, 2003 |  | By: |  | /s/   Richard P. BeyerRichard P. Beyer
Senior Vice President, Finance
(Principal Financial Officer)

14