U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

     [ X ] QUARTERLY  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934

     For the quarterly period ended June 30, 2002

     [ ]  TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934

     For the transition period from        to

                         Commission File No. 2-93231-NY

                        FASHION TECH INTERNATIONAL, INC.
        (Exact name of small business issuer as specified in its charter)

                 Nevada                                87-0395695
    (State or Other Jurisdiction of                   (IRS Employer
     Incorporation or Organization)                Identification No.)

                  1340 East 130 North, Springville, Utah 84663
                    (Address of principal executive offices)

                                 (801) 364-9262
                           (Issuer's telephone number)

                                 Not Applicable
      (Former name, address and fiscal year, if changed since last report)

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

APPLICABLE  ONLY TO  ISSUERS  INVOLVED  IN  BANKRUPTCY  PROCEEDINGS  DURING  THE
PRECEDING FIVE YEARS:

Check whether the registrant has filed all documents and reports  required to be
filed by  Sections  12,  13,  or 15(d) of the  Exchange  Act  subsequent  to the
distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the  latest  practicable  date:  As of June 30,  2002  there were
3,591,082 shares of common stock outstanding.


<PAGE>


                                   FORM 10-QSB
                        FASHION TECH INTERNATIONAL, INC.

                                      INDEX
                                                                      Page
PART I.       Financial Information                                      2

              Financial Statements                                       3

              Unaudited Condensed Balance Sheets                         3
              June 30, 2002 and March 31, 2002

              Unaudited  Condensed  Statements of Operations For the     4
              Three Months Ended June 30, 2002 and 2001, and
              From re-entering Development Stage On
              April 1, 1985 to June 30, 2002

              Unaudited  Condensed  Statements of Cash Flows For the     5
              Three Months Ended June 30, 2002 and 2001, and
              From re-entering Development Stage On
              April 1, 1985 to June 30, 2002

              Notes to Unaudited Condensed Financial Statements          6

              Management's Discussion and Analysis of                    9
              Financial Condition and Results of Operations

PART II.      Other Information                                         10

Signatures                                                              10




                                       2
<PAGE>


                                     PART I.
                              Financial Information

                         FASHION TECH INTERNATIONAL, INC
                          [A Development Stage Company]

                       UNAUDITED CONDENSED BALANCE SHEETS

                                     ASSETS

                                                      June 30,         March 31,
                                                        2002            2002
                                                     -----------     -----------
CURRENT ASSETS:
   Cash in bank                                     $       108     $        93
                                                     -----------     -----------
          Total Current Assets                              108              93
                                                     -----------     -----------

                                                    $       108     $        93
                                                     -----------     -----------

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
   Accounts payable                                 $       900     $       950
   Advances - related party                              12,950          12,250
                                                     -----------     -----------
          Total Current Liabilities                      13,850          13,200
                                                     -----------     -----------

STOCKHOLDERS' EQUITY (DEFICIT):
 Preferred stock, $.001 par value,
     5,000,000 shares authorized,
     no shares issued and
     outstanding                                              -               -
 Common stock, $.001 par value,
     120,000,000 shares authorized,
     3,591,082 shares issued and
     outstanding                                          3,591           3,591
   Capital in excess of par value                       550,448         550,448
   Retained deficit                                    (413,549)       (413,549)
   Deficit accumulated during the
     development stage                                 (154,232)       (153,597)
                                                     -----------     -----------
          Total Stockholders' Equity (Deficit)          (13,742)        (13,107)
                                                     -----------     -----------
                                                    $       108     $        93
                                                     -----------     -----------

Note:The balance  sheet of March 31,  2002 was taken from the audited  financial
     statements at that date and condensed

    The accompanying notes are an integral part of these unaudited condensed
                             financial statements.


                                       3
<PAGE>


                         FASHION TECH INTERNATIONAL, INC
                          [A Development Stage Company]

                  UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
<TABLE>
<S>                                         <C>         <C>        <C>
                                                                        From the
                                                                    Re-entering of
                                                  For the Three     the Development
                                                  Months Ended     Stage on April 1,
                                                    June 30,         1985 through
                                            ----------------------     June 30,
                                                2002        2001         2002
                                            ----------  ----------   -----------
REVENUE                                      $       -   $       -    $        -

COST OF SALES                                        -           -             -
                                            ----------  ----------   -----------
GROSS PROFIT                                         -           -             -

EXPENSES:
   General and administrative                      635       2,515       155,742
                                            ----------  ----------   -----------
LOSS FROM OPERATIONS BEFORE
  OTHER INCOME (EXPENSE)                          (635)     (2,515)     (155,742)
                                            ----------  ----------   -----------
OTHER INCOME (EXPENSE):
   Interest expense                                  -           -          (434)
   Gain on disposal of assets                        -           -         1,944
                                            ----------  ----------   -----------
TOTAL OTHER INCOME (EXPENSE)                         -           -         1,510
                                            ----------  ----------   -----------
LOSS BEFORE INCOME TAXES                          (635)     (2,515)     (154,232)

CURRENT TAX EXPENSE                                  -           -             -

DEFERRED TAX EXPENSE                                 -           -             -
                                            ----------  ----------   -----------

NET LOSS                                     $    (635)  $  (2,515)  $  (154,232)
                                            ----------  ----------   -----------

LOSS PER COMMON SHARE                        $    (.00)  $    (.00)  $      (.14)
                                            ==========  ==========   ===========
</TABLE>

    The accompanying notes are an integral part of these unaudited condensed
                             financial statements.

                                       4
<PAGE>


                         FASHION TECH INTERNATIONAL, INC
                          [A Development Stage Company]

                  UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

<TABLE>
<S>                                               <C>         <C>         <C>
                                                                              From the
                                                                           Re-entering of
                                                       For the Three         Development
                                                       Months Ended       Stage on April 1,
                                                         June 30,           1985 Through
                                                  ----------------------      June 30,
                                                     2002        2001           2002
                                                  ----------  ----------   ----------------
Cash Flows From Operating Activities:
   Net loss                                       $    (635)  $  (2,515)   $      (154,232)
   Adjustments to reconcile net loss to net cash
     used by operating activities:
      Non-cash expenses                                   -           -             50,000
      Changes in assets and liabilities:
         Increase (decrease) in accounts payable        (50)        613             (1,044)
         Increase in accrued interest                     -           -                434
                                                  ----------  ----------   ----------------
          Net Cash (Used) by Operating
            Activities                                 (685)     (1,902)          (104,842)
                                                  ----------  ----------   ----------------

Cash Flows From Investing Activities                      -           -                  -

          Net Cash (Used) by Investing Activities         -           -                  -
                                                  ----------  ----------   ----------------

Cash Flows From Financing Activities:
   Proceeds from common stock issuance                    -           -             70,000
   Proceeds from notes payable                            -           -             22,000
   Advances from related party                          700       2,000             12,950
                                                  ----------  ----------   ----------------
          Net Cash Provided by Financing
            Activities                                  700       2,000            104,950
                                                  ----------  ----------   ----------------
Net Increase (Decrease) in Cash                          15          98                108

Cash at Beginning of Period                              93          48                  -
                                                  ----------  ----------   ----------------
Cash at End of Period                             $     108   $     146     $          108
                                                  ==========  ==========   ================

Supplemental Disclosures of Cash Flow Information:
   Cash paid during the period for:
     Interest                                     $       -   $       -     $            -
     Income taxes                                 $       -   $       -     $            -
</TABLE>
Supplemental Schedule of Noncash Investing and Financing Activities:

   For the three months ended June 30, 2002:
      None

   For the three months ended June 30, 2001:
      None


    The accompanying notes are an integral part of these unaudited condensed
                             financial statements.

                                       5
<PAGE>


                         FASHION TECH INTERNATIONAL, INC
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Organization  -  Fashion  Tech  International,   Inc  ("the  Company")  was
     organized  under the laws of the State of Utah on April 22,  1983 under the
     name  Portofino  Investment,  Inc.  The name of the  Company was changed to
     Fashion  Tech  International,  Inc on January 31, 1984.  During  1999,  the
     Company changed its domicile to the State of Nevada.  The Company currently
     has no  on-going  operations  and is  considered  to  have  re-entered  the
     development stage as defined in Statement of Financial Accounting Standards
     No.  7 on  April  1,  1985.  The  Company  is  currently  seeking  business
     opportunities or potential business acquisitions.

     Condensed Financial Statements - The accompanying financial statements have
     been prepared by the Company  without audit.  In the opinion of management,
     all adjustments (which include only normal recurring adjustments) necessary
     to present  fairly the financial  position,  results of operations and cash
     flows at June 30,  2002 and 2001 and for the  periods  then ended have been
     made.

     Certain information and footnote disclosures normally included in financial
     statements  prepared  in  accordance  with  generally  accepted  accounting
     principles in the United States of America have been  condensed or omitted.
     It is  suggested  that  these  condensed  financial  statements  be read in
     conjunction with the financial statements and notes thereto included in the
     Company's  March 31,  2002  audited  financial  statements.  The results of
     operations for the periods ended June 30, 2002 and 2001 are not necessarily
     indicative of the operating results for the full year.

     Loss Per Share - The computation of loss per share is based on the weighted
     average  number of shares  outstanding  during  the  period  presented,  in
     accordance  with  Statement  of  Financial  Accounting  Standards  No. 128,
     "Earnings Per Share" [See Note 6].

     Cash and Cash  Equivalents  - For purposes of the  statement of cash flows,
     the Company  considers all highly liquid debt investments  purchased with a
     maturity of three months or less to be cash equivalents.

     Accounting   Estimates  -  The  preparation  of  financial   statements  in
     conformity  with  generally  accepted  accounting  principles in the United
     States of America  requires  management to make  estimates and  assumptions
     that affect the reported amounts of assets and liabilities, the disclosures
     of  contingent  assets  and  liabilities  at  the  date  of  the  financial
     statements  and the reported  amount of revenues  and  expenses  during the
     reported period. Actual results could differ from those estimated.

     Recently Enacted Accounting  Standards - Statement of Financial  Accounting
     Standards  ("SFAS")  No.  141,  "Business  Combinations",   SFAS  No.  142,
     "Goodwill and Other Intangible Assets", SFAS No. 143, "Accounting for Asset
     Retirement  Obligations",  SFAS No. 144,  "Accounting for the Impairment or
     Disposal  of  Long-Lived  Assets",  and SFAS No. 145,  "Rescission  of FASB
     Statements  No. 4, 44,  and 64,  Amendment  of FASB  Statement  No. 13, and
     Technical  Corrections",  were recently issued. SFAS No. 141, 142, 143, 144
     and 145 have no current applicability to the Company or their effect on the
     financial statements would not have been significant.

     Restatement - The financial  statements  for all periods have been restated
     to reflect a 100 for 1 reverse stock split which was effected  during April
     1999.

                                       6
<PAGE>


                         FASHION TECH INTERNATIONAL, INC
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

     Reclassification  - The financial  statements for periods prior to June 30,
     2002 have been reclassified to conform to the headings and  classifications
     used in the June 30, 2002 financial statements.

NOTE 2 - CAPITAL STOCK

     On April 28,  1999,  the  company  amended its  Articles  of  Incorporation
     changing  the par value from $.005 to $.001.  The company  also  authorized
     5,000,000 shares of preferred stock with a par value of $.001.

     On April 28, 1999,  the Company  authorized a 1 for 100 reverse stock split
     thus reducing the number of shares outstanding at that time to 591,082. The
     financial  statements  for all  periods  have been  restated to reflect the
     stock split.

     On June 7, 1999,  the Company issued  3,000,000  shares of common stock for
     the conversion of a $22,000 note payable and $434 of accrued interest.

NOTE 3 - INCOME TAXES

     The Company  accounts  for income  taxes in  accordance  with  Statement of
     Financial  Accounting Standards No. 109 "Accounting for Income Taxes". SFAS
     No. 109 requires the Company to provide a net deferred tax  asset/liability
     equal to the expected  future tax  benefit/expense  of temporary  reporting
     differences  between  book and tax  accounting  methods  and any  available
     operating loss or tax credit  carryforwards.  At June 30, 2002, the Company
     has available unused operating loss carryforwards of approximately $25,100,
     which may be applied  against  future  taxable  income and which  expire in
     various years through 2022.

     The amount of and ultimate  realization  of the benefits from the operating
     loss carryforwards for income tax purposes is dependent,  in part, upon the
     tax laws in effect,  the future  earnings of the Company,  and other future
     events,  the  effects  of  which  cannot  be  determined.  Because  of  the
     uncertainty  surrounding  the  realization of the loss  carryforwards,  the
     Company has  established a valuation  allowance  equal to the tax effect of
     the loss  carryforwards  and,  therefore,  no  deferred  tax asset has been
     recognized  for the loss  carryforwards.  The net  deferred  tax assets are
     approximately  $8,500  and $8,300 as of June 30,  2002 and March 31,  2002,
     respectively,  with an  offsetting  valuation  allowance of the same amount
     resulting  in a change in the  valuation  allowance of  approximately  $200
     during the three months ended June 30, 2002.

NOTE 4 - RELATED PARTY TRANSACTIONS

     Advances  From Related Party - During the three months ended June 30, 2002,
     a shareholder of the Company  advanced $700 to the Company.  No interest is
     being accrued on these  advances.  At June 30, 2002, the total amount owing
     the shareholder for advances is $12,950.

     Management  Compensation  - During the three months ended June 30, 2002 and
     2001, the Company did not pay any compensation to any  officer/director  of
     the Company.

                                       7
<PAGE>


                         FASHION TECH INTERNATIONAL, INC
                          [A Development Stage Company]

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 4 - RELATED PARTY TRANSACTIONS [Continued]

     Office  Space - The  Company has not had a need to rent  office  space.  An
     officer of the Company is allowing the Company to use his home as a mailing
     address, as needed, at no expense to the Company.

NOTE 5 - GOING CONCERN

     The accompanying financial statements have been prepared in conformity with
     generally accepted  accounting  principles in the United States of America,
     which contemplate continuation of the Company as a going concern.  However,
     the Company,  has incurred  losses since its  inception and has no on-going
     operations.  Further,  the  Company has  current  liabilities  in excess of
     current assets.  These factors raise substantial doubt about the ability of
     the Company to continue as a going concern.  In this regard,  management is
     seeking  potential  business  opportunities  and is  proposing to raise any
     necessary  additional funds not provided by operations through loans and/or
     through  additional  sales of its common stock.  There is no assurance that
     the Company will be successful in raising  additional  capital or achieving
     profitable  operations.   The  financial  statements  do  not  include  any
     adjustments that might result from the outcome of these uncertainties.

NOTE 6 - LOSS PER SHARE

     The  following  data show the amounts used in computing  loss per share and
     the effect of dilutive potential common stock for the periods presented:

                                                                   From the
                                                                re-entering of
                                             For the Three      the development
                                             Months Ended      stage on April 1,
                                               June 30,          1985 through
                                       -----------------------     June 30,
                                          2002         2001          2002
                                       ----------   ----------   -----------
      Loss from continuing
        operations available to
        common stockholders
        (numerator)                    $     (635)   $  (2,515)  $  (154,232)
                                       ----------   ----------   -----------
      Weighted average number
        of common shares
        outstanding used in loss
        per share during the
        period (denominator)            3,591,082    3,591,082     1,095,768
                                       ==========   ==========   ===========

     Dilutive  loss per share was not  presented,  as the  Company had no common
     equivalent   shares  for  all  periods  presented  that  would  effect  the
     computation of diluted loss per share.



                                       8
<PAGE>


                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

Three Month Periods Ended June 30, 2002 and 2001

The  Company  had no revenue  from  continuing  operations  for the  three-month
periods ended June 30, 2002 and 2001.

General and  administrative  expenses for the three month periods ended June 30,
2002  and  2001,  consisted  of  general  corporate  administration,  legal  and
professional  expenses,  and accounting and auditing costs.  These expenses were
$635 and  $2,515  for the  three-month  periods  ended  June 30,  2002 and 2001,
respectively.

As a result of the foregoing  factors,  the Company  realized a net loss of $635
for the three months  ended June 30,  2002,  as compared to a net loss of $2,515
for the same period in 2001.

Liquidity and Capital Resources

During the three months ended June 30, 2002, Lynn Dixon, a majority  shareholder
of the Company  advanced $700 to the Company.  At June 30, 2002, the Company had
$108 in cash,  $900 in accounts  payable and $12,950 in accounts  payable to Mr.
Dixon as a related party.  At June 30, 2002,  the Company had a working  capital
deficit of $13,742, as compared to a working capital deficit of $13,107 at March
31,  2002.  This  decrease  in working  capital is  attributable  to general and
administrative  expenses  incurred  during the quarter  without any  increase in
cash.

The Company does not have sufficient cash to meet its operational  needs for the
next twelve months.  Management will attempt to raise additional capital through
loans from related parties, debt financing, equity financing or a combination of
financing  options.  Currently,  there  are no  understandings,  commitments  or
agreements  for such an infusion of capital and there be no  assurances  to that
effect.  Unless the  Company  can obtain  additional  financing,  its ability to
continue as a going concern after the next twelve-month period is doubtful.  The
Company's need for capital may change dramatically if and during that period, it
acquires an interest in a business opportunity.

The Company's  current  operating plan is to (i) handle the  administrative  and
reporting  requirements  of a public  company,  and (ii)  search  for  potential
businesses,  products,  technologies and companies for acquisition.  At present,
the Company has no understandings, commitments or agreements with respect to the
acquisition  of any business  venture,  and there can be no  assurance  that the
Company will identify a business venture suitable for acquisition in the future.
Further,  there can be no  assurance  that the Company  would be  successful  in
consummating  any  acquisition  on  favorable  terms  or that it will be able to
profitably manage any business venture it acquires.

Forward-Looking Statements

This Form 10-QSB includes, without limitation, certain statements containing the
words "believes", "anticipates",  "estimates", "intends", and words of a similar
nature,  constitute  "forward-looking  statements"  within  the  meaning  of the
Private  Securities  Litigation  Reform Act of 1995.  This Act  provides a "safe
harbor"  for  forward-looking  statements  to  encourage  companies  to  provide
prospective  information about them so long as they identify these statements as
forward  looking  and  provide  meaningful,  cautionary  statements  identifying
important  factors that could cause actual  results to differ from the projected
results.  All statements  other than  statements of historical fact made in this
Form 10-QSB are forward-looking.  In particular, the statements herein regarding
industry  prospects and future  results of operations or financial  position are
forward-looking  statements.  Forward-looking  statements  reflect  management's
current expectations and are inherently uncertain.  The Company's actual results
may differ significantly from management's expectations.


                                       9
<PAGE>


                           PART II. OTHER INFORMATION

Reports on Form 8-K:  None

Exhibits:  Included  as Exhibit  No.  99.1 is a  certification  required  by the
Sarbanes-Oxley Act of 2002.

                                   SIGNATURES

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

                                    FASHION TECH INTERNATIONAL, INC.


Date:  August 6, 2002               By: /s/ Pam Jowett, President







                                       10