SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
          ------------------------------------------------------------
                                    FORM 10-QSB

(Mark  One)
/ X /     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
          ACT  OF  1934
For  the  quarterly  period  ended  September  30,  2001.

OR

/   /     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
          ACT  OF  1934
For  the  transition  period  from  __________  to  __________

                        Commission file number 000-27615


                      CREATIVE PRODUCTS INTERNATIONAL, INC.
                 (Name of small business issuer in its charter)
                      ------------------------------------

DELAWARE                                                              52-2158936
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

                      ------------------------------------

                     PO BOX 9288, SEATTLE, WASHINGTON 98109
                          (principle executive offices)

                                 (206) 264-1005
                (issuer's telephone number, including area code)
                      ------------------------------------

Securities registered under Section 12(b) of the Exchange Act:      None
Securities registered under Section 12(g) of the Exchange Act:
               Common  Stock,  $.01  par  value
               Warrants  to  purchase  common  stock


Check whether the issuer:  (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 12 months (or for such shorter
period  that the registrant was required to file such reports). And (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.

Yes  X   No
    ---     ---

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

Not  applicable

                    APPLICABLE ONLY TO CORPORATE REGISTRANTS

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of the latest practicable. As of September 30, 2001, the Registrant
had  2,337,204  shares  of  Common  Stock  outstanding.

Transitional  Small  Business  Disclosure  Format  (check  one)  Yes      No  X
                                                                     ---     ---

1
<PAGE>
<TABLE>
<CAPTION>
                      CREATIVE PRODUCTS INTERNATIONAL, INC
                          (A DEVELOPMENT STAGE COMPANY)
                                   FORM 10-QSB
             FOR THE 3 AND 9 MONTH PERIODS ENDED SEPTEMBER 30, 2001


       INDEX                                                                 PAGE NUMBER

<S>                                                                          <C>
PART I:  FINANCIAL INFORMATION

Item 1      Balance Sheet at September 30, 2001. . . . . . . . . . . . . . .       3
                 (unaudited)

            Statements of Operations for the three and six month periods
                 ended September 30, 2000 and 2001  (unaudited) . . . . . . .       4

            Statement of Stockholder's Equity (unaudited) . . . . . . . . . .       5

            Statements of Cash Flows for the three and six month periods
                 ended September 30, 2000 and 2001 (unaudited). . . . . . . .       6

            Notes to Financial Statements . . . . . . . . . . . . . . . . . .       7


Item 2      Management's Discussion and Analysis of Financial Condition and
                 Results of Operations. . . . . . . . . . . . . . . . . . . .       8
</TABLE>


2
<PAGE>
<TABLE>
<CAPTION>
                      CREATIVE PRODUCTS INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                               SEPTEMBER 30, 2001
                                  (Unaudited)


            ASSETS                                    SEPTEMBER 30
                                                          2001
                                                      (UNAUDITED)
                                                      ------------
<S>                                                   <C>
Current Assets
  Cash                                                      5,225
  Prepaid Facilities & Rent                           $     2,000
                                                      ------------


        Total current assets                                7,225

Other assets:
  Intangible assets, net                                   23,291
  Technological assets, net                               159,894
  Equipment, net                                            9,936

        Total other assets                                193,121
                                                      ------------

            TOTAL ASSETS                              $   200,346
                                                      ============


        LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Accounts payable                                        162,510
  Note to stockholder                                     485,630
                                                      ------------

          Total current liabilities                       648,139
                                                      ------------
Stockholders' equity
  Common stock                                             23,372
  Additional paid-in capital                              902,480
  Accumulated deficit                                  (1,373,645)
                                                      ------------

          Total stockholders' equity                     (447,793)
                                                      ------------

          TOTAL LIABILITIES AND STOCKHOLDERS EQUITY   $   200,346
                                                      ============
</TABLE>

                See accompanying notes to financial statements


3
<PAGE>
<TABLE>
<CAPTION>
                                   CREATIVE PRODUCTS INTERNATIONAL, INC.
                                      (A DEVELOPMENT STAGE COMPANY)
                                         STATEMENT OF OPERATIONS
                        FOR THE 3 AND 9 MONTH PERIODS ENDED SEPT. 30, 2000 AND 2001
              AND FOR THE PERIOD FROM MARCH 25, 1999 (DATE OF INCORPORATION) TO SEPT. 30, 2001
                                              (UNAUDITED)


                                                                                                       TOTAL
                                                                                                     ACCUMULATED
                                                                                                     DURING THE
                                             3 MONTH       9 MONTH        3 MONTH        9 MONTH     DEVELOPMENT
                                              PERIOD        PERIOD         PERIOD         PERIOD         STAGE
                                           1-JUL-2000    1-JAN-2000     1-JUL-2001     1-JAN-2001    25-MAR-1999
                                                TO           TO             TO             TO           TOTAL
                                           30-SEP-2000   30-SEP-2000    30-SEP-2001    30-SEP-2001   30-SEP-2001
                                          -------------  -----------  -------------  -------------  -------------
<S>                                       <C>            <C>          <C>            <C>            <C>
Operating expenses
  Amortization and depreciation           $     32,264   $   58,154   $     22,154   $     42,483   $     98,163
  Marketing & Advertising                       81,537      131,071             80         37,938        143,967
  Administration                                95,587      140,165         75,784        274,663        707,971
  Professional fees                              2,661       12,311          3,261         25,253         46,711
                                          -------------  -----------  -------------  -------------  -------------

        Loss from operations before           (212,049)    (341,701)      (101,280)      (380,338)      (996,812)
        write-off of non web-site         -------------  -----------  -------------  -------------  -------------
        intangible assets
  Write off of non-web site
    Intangible assets                         (114,038)    (114,038)        (3,472)        (3,472)      (117,510)
                                          -------------  -----------  -------------  -------------  -------------

        Net Loss from operations              (326,087)    (455,739)      (104,752)      (383,810)    (1,114,322)
                                          -------------  -----------  -------------  -------------  -------------



Other income (expense)
   Interest income                                            6,122             53            739          8,589
   Other income                                                                  -          5,000          5,000
   Inerest expense                              (1,938)      (1,938)       (14,631)       (27,146)       (34,459)
                                          -------------  -----------  -------------  -------------  -------------

        Total other income                      (1,938)       4,184        (14,579)       (21,408)       (20,871)
                                          -------------  -----------  -------------  -------------  -------------

        Loss before extraordinary Items   $   (328,025)  $ (451,555)  $   (119,330)  $   (405,218)  $ (1,135,193)
                                          =============  ===========  =============  =============  =============

        Extraordinary items                          0            0              0        276,593       (238,452)
        Net Income (loss)                     (328,025)    (451,555)      (119,330)      (128,625)    (1,373,645)
                                          -------------  -----------  -------------  -------------  -------------

    Weighted average common
    shares outstanding                       1,912,204    1,912,204      2,297,645      2,292,454      1,576,137
                                          =============  ===========  =============  =============  =============

  Net loss per common share               $      (0.17)  $    (0.24)  $      (0.05)  $      (0.06)  $      (0.87)
                                          =============  ===========  =============  =============  =============
</TABLE>

                         See accompanying notes to financial statements


4
<PAGE>
<TABLE>
<CAPTION>
                                                      CREATIVE PRODUCTS INTERNATIONAL, INC
                                                         (A DEVELOPMENT STAGE COMPANY)
                                                        STATEMENT OF STOCKHOLDERS EQUITY
                                  FOR  THE  3  AND  9  MONTH  PERIODS  ENDED  SEPTEMBER  30,  2000  AND  2001
                              AND FOR THE PERIOD FROM MARCH 25, 1999 (DATE OF INCORPORATION) TO SEPTEMBER 30, 2001

                                                                                                     DEFICIT
                                                                                                   ACCUMULATED
                                                                                     ADDITIONAL    DURING THE
                                         DATE OF           NUMBER                     PAID-IN      DEVELOPMENT
                                       TRANSACTION        OF SHARES    PAR VALUE      CAPITAL         STAGE           TOTAL
                                   -------------------  -------------  ----------  -------------  --------------  --------------
<S>                                <C>                  <C>            <C>         <C>            <C>             <C>
Shares issued to parent for cash   March 25, 1999               1.00            -     50,000.00               -       50,000.00
Intangible assets contributed by   June 30, 1999                                -   165,652.00                -      165,652.00
   parent at historical cost
Shares issued to parent for cash   September 27, 1999   1,528,204.00    15,282.00    284,718.00               -      300,000.00
Shares issued to officer for cash  Oct 4,1999             384,000.00     3,840.00     15,360.00               -       19,200.00
Net Loss Inception through
   Dec 31,1999                                                     -            -             -      (33,139.00)     (33,139.00)
                                                        -------------  ----------  -------------  --------------  --------------

Balance December 31, 1999                               1,912,204.00    19,122.00    515,730.00      (33,139.00)     501,713.00

Shares issued for cash             December 4, 2000       375,000.00     3,750.00    371,250.00                      375,000.00

Net Loss for 2000                                                  .            .             .   (1,211,881.00)  (1,211,881.00)
                                   -------------------  -------------  ----------  -------------  --------------  --------------

Balance, December 31, 2000                              2,287,204.00    22,872.00    886,980.00   (1,245,020.00)    (335,168.00)
                                   ===================  =============  ==========  =============  ==============  ==============

Shares issued as compensation      June 11, 2001           50,000.00       500.00     15,500.00                       16,000.00

Net Loss for 9 Month Period                                                                         (128,625.00)    (128,625.00)
    ended September 30, 2001

Balance September 30, 2001                               2,337,204.00   23,372.00    902,480.00    1,373,645.00     (447,793.00)
                                   ===================  =============  ==========  =============  ==============  ==============
</TABLE>

                         See accompanying notes to financial statements


5
<PAGE>
<TABLE>
<CAPTION>
                                          CREATIVE PRODUCTS INTERNATIONAL, INC.
                                             (A DEVELOPMENT STAGE COMPANY)
                                                STATEMENT OF CASH FLOWS
                            FOR THE 3 AND 9 MONTH PERIOD ENDED SEPTEMBER 30, 2000 AND 2001
                 AND FOR THE PERIOD FROM MARCH 25, 1999 (DATE OF INCORPORATION) TO SEPTEMBER 30, 2001
                                                   (UNAUDITED)

                                                                                                                    TOTAL
                                                                                                                 ACCUMULATED
                                                                                                                 DURING THE
                                                      3 MONTH         9 MONTH       3 MONTH        9 MONTH       DEVELOPMENT
                                                       PERIOD         PERIOD         PERIOD         PERIOD          STAGE
                                                    01-JUL-2000     1-JAN-2000     1-JUL-2001     1-JAN-2001     25-MAR-1999
                                                         TO             TO             TO             TO            TOTAL
                                                     30-SEP-2000    30-SEP-2000    30-SEP-2001    30-SEP-2001    30-SEP-2001
                                                    -------------  -------------  -------------  -------------  ------------
<S>                                                 <C>            <C>            <C>            <C>            <C>
Cash flows from operating activities
  Net loss                                          $   (328,025)  $   (451,555)  $   (119,330)  $   (128,624)  $(1,373,644)
  Adjustments to reconcile net loss to net cash
    used in operating activities
    Amortization and depreciation                         32,264         58,154         22,154         42,483        98,163
    Write-off non web site intangible assets             114,038        114,038          3,472          3,472       117,510
    Changes in operating assets and liabilities
      Prepaid expenses                                         -        (15,000)        (2,000)        13,000        (2,000)
      Accounts payable                                   315,965        433,803          2,254       (151,853)      162,508
      Expenses payable-officer                            12,986         12,986         17,588         29,017        60,600
      Interest payable-officer                             1,938          1,938          5,747         18,262        25,576
      Accrued salaries payable                            41,666         60,416         39,794        109,794       132,710
                                                    -------------  -------------  -------------  -------------  ------------
        Net cash provided by operating activities        190,832        214,780        (30,321)       (64,449)     (778,577)

Cash flows from financing activities
  Additional paid in capital                                                                           15,500   $   902,480
  Loan payable-stockholder                               122,000        122,000          9,724         80,495   $   266,743
  Proceeds from issuance of common stock to parent             -              -                           500        23,372
                                                    -------------  -------------  -------------  -------------  ------------
    Net cash provided by financing activities            122,000        122,000          9,724         96,495     1,192,595
                                                    -------------  -------------  -------------  -------------  ------------

Cash flows from investing activities
  Equipment                                               (1,690)       (28,910)             -         (4,266)       33,175
  Purchase of web technology                            (407,762)      (642,745)             -       (143,768)     (375,620)
                                                    -------------  -------------  -------------  -------------  ------------
        Net cash provided by investing activities       (409,452)      (671,655)             -       (148,034)     (342,445)

Increase/(Decrease) in Cash                         $    (96,620)  $   (334,875)  $   (20,597)   $   (115,988)  $     5,224

Cash at beginning of period                              132,146        370,400         25,821        121,212
                                                    -------------  -------------  -------------  -------------  ------------

Cash at end of period                               $     35,525   $     35,525   $      5,224   $      5,224   $     5,224
                                                    =============  =============  =============  =============  ============
</TABLE>

                         See accompanying notes to financial statements


6
<PAGE>
                      CREATIVE PRODUCTS INTERNATIONAL, INC
                          (A DEVELOPMENT STAGE COMPANY)
                               SEPTEMBER 30, 2001


NOTES  TO  FINANCIAL  STATEMENTS

NOTE  1.  ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS

Creative  Products  International Inc, ("the Company") which was incorporated on
March  25,  1999,  is  in  the  development stage. The Company's objective is to
commercialize  certain  Internet-based,  promotion  and  coupon  redemption
merchandising  services  for  the  consumer  product  retail  industry.

NOTE  2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

The  interim  period financial statements contained herein have been prepared by
the  Registrant pursuant to the rules and regulations of the U.S. Securities and
Exchange  Commission.  Certain  information  and  footnote  disclosures normally
included  in financial statements prepared in accordance with generally accepted
accounting  principles have been condensed or omitted pursuant to such rules and
regulations.  These  interim  period statements should be read together with the
audited  financial statements and accompanying notes included in the Registrants
latest  annual  report  on Form 10-KSB for the year ended December 31, 2000.  In
the  opinion  of  the  Registrant,  the unaudited financial statements contained
herein contain all adjustments necessary in order to present a fair statement of
the  results  for  the  interim  periods  presented.

NOTE  3.  GOING  CONCERN

The general investment and economic climate as well as events of September, 2001
raise  concerns  about  the Company's ability to obtain new sources of equity to
support its operations.  The Company's ability to continue as a going concern is
contingent  upon its ability to achieve positive cash flow from operating and/or
financing activities.  There is no assurance that the Company will be successful
in  its  efforts to significantly improve its financial and operating condition,
attract  new  investors, or develop the strategic partnerships necessary to meet
the  Company's  short-term  and  long-term  business  and  financial objectives.

NOTE  4.  POST  PERIOD  EVENT

On  October  3,  2001  the  Company authorized the issuance of a total of 70,000
shares  of  restricted common stock to several consultants and employees in lieu
of  cash  compensation.  The  Company  also approved the change of the Company's
name  to First Transaction Management, Inc., which will become effective in late
2001  or  early  2002.

NOTE  5.  RELATED  PARTY  TRANSACTION

In  addition to equity investment in the Company, the Company's CEO has provided
loans,  as  generally  needed, to support the Company's operations.  All accrued
expenses and loans receive accrued, but unpaid interest, at 8 percent per annum.
The  lender  is also entitled to receive a 5 year warrant, exercisable at $1 per
share,  based on the amount of  new loans advanced to the Company.  If unpaid by
the  Company,  the  CEO  can  convert  a portion or all of outstanding debt into
equity.


7
<PAGE>
ITEM  2:     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS

The  following  analysis of the results of operations and financial condition of
the  Company  should be read in conjunction with financial statements, including
the  notes  thereto,  of  the  Company  contained elsewhere in this form 10-QSB.

OVERVIEW

Creative  Products  International  Inc.,  to  be  renamed  First  Transaction
Management,  Inc.,  is  a  development  stage company organized to commercialize
certain  internet-based  businesses.  The  Company's  first  business, developed
under  the  business  names  Coupons4Everything.com  ("C4e")  and Promo Networks
intends to offer fully integrated manufacturer's coupons and rebate distribution
and  wireless-based  coupon  processing  services  for  client  consumer product
manufacturers  and  large retailers. Through multi-site distribution of coupons,
the  Company  seeks  to  be one of the larger sources for brand name coupons and
rebates  for  home consumers to use for both off-line and eventually for on-line
product  purchases.  Other  services  offered  by the Company are expected to be
market  research,  consumer  database  generation, free sample distribution, and
comparative  product  research.  From the date of the Company's incorporation in
March 1999 to present, the Company has had limited operations.  Management seeks
to  finance  the  continued  development  of  its  business  through  strategic
partnerships,  equity, debt while providing no assurances of success to existing
or  potential  shareholders.

RESULTS  OF  OPERATIONS

As  the  Company  is still in its development stage, it has generated no revenue
since  inception  March  25,  1999.  The  Company  does  not  anticipate it will
generate  any  significant  revenues  during  the  current  fiscal  year.

The  Company generated nominal interest income for the three month periods ended
September  30,  2001  and 2000.  For the nine month period the Company generated
interest income of $739 as compared to $6,122 in the comparable prior period, an
88%  reduction.  The reduction was attributable to reduced cash invested in cash
accounts.

As  a  development  stage  company, the Company incurred administrative costs of
$75,784  during  the  three month period ended September 30, 2001 as compared to
$95,587  in  the  comparable  prior  period, a 21% reduction.  The reduction was
attributable  to  lower  over head costs achieved from the move of the Company's
headquarter  offices  to lower cost facilities.  Marketing and advertising costs
associated  with  the  Company's  planned  web  site services also declined from
$81,537  in  2000  to  $80,  a  99%  reduction.  The  significant  reduction  is
attributable  to  the  Company's  completion  of  certain focus group and market
research  projects  in  preparation  for  commercialization  of  the  Company's
services.  Amortization  and depreciation expenses reduced during the comparable
three  month periods from $32,264 to $22,154, a 31% reduction.  The reduction is
attributable  to  prior  period  reduction  of  certain  assets.

For  the  comparable  nine  month periods ended September 30, 2001 and 2000, the
Company  incurred  administrative  costs  of  $274,663  in  2001  as compared to
$140,165,  a  96%  increase.  The  increase  in  costs over the prior period was
attributable  to  an  increase  in  administrative staffing, office expenses and
general  facility costs. The Company reduced its marketing and advertising costs
from  $131,071  to  $37,938, a 71% reduction.  The reduction was attributable to
completion  of  certain  market  research  projects,  travel  expenses and other
marketing  requirements associated with preparation for the commercialization of
the  Company's  services.  It  is  anticipated  that the Company's marketing and
advertising  expenses  will  increase  in  coming  fiscal quarters, provided the
Company  receives  new  sources  of  working  capital  to  support the Company's
operations  and  service  roll-outs.   The Company generated interest expense of
$27,146 in the nine month period ended September 30, 2001, a 1301% increase over
the  prior  period.  The  increase  was  attributable  to  an  increase in debt.
Interest  expense largely represented accrued but unpaid expense.  For the three
month  period ended September 30, 2001 the Company generated interest expense of
$14,631  as  compared to $1,938, a 655% increase.  The increase was attributable
to  an  increase  in  debt.

As  a  result of the foregoing, the Company's generated a net loss for the three
month  period ended September 30, 2001 of $119,330, as compared to a net loss of
$328,025,  a  64%  reduction.  The net loss per share for the three month period
ended  September  30, 2001 was $.05 per share, as compared to a net loss of $.17
per  share,  a 71% improvement.  Similarly, the Company generated a net loss for
the  nine month period ended September 30, 2001 of $128,625 as compared to a net
loss of $451,555, a 72% improvement.  The comparable loss per share for the nine
month  periods  was  $.06  in  2001  as  compared  to  $.24  in  2000.


8
<PAGE>
The  Company's  liquidity and capital resources at September 30, 2001 was $7,225
in  cash  and  other  assets.  Total  obligations including accounts payable and
notes  to  a  stockholder and member of management was $648,139.  The Company is
reviewing  all  of  its  strategic options including raising additional debt and
equity, seeking joint venture partnerships and other resources that would enable
the  Company  to  continue  its business development.  No assurance can be given
that  the  Company  will  be  successful in deploying its technology, generating
income  from operations or obtaining additional sources of working capital.  The
sources  of  debt  or  equity  may  also  represent  a  significant  dilution to
shareholders.

LOSS  PER  SHARE

SFAS  128  establishes standards for computing and presenting earnings per share
("EPS")  and  applies  to  entities with publicly held common stock or potential
common  stock.  In  accordance  with SFAS No 128, the computation of diluted EPS
shall  not assume conversion, exercise or contingent issuance of securities that
would  have  antidilutive effect on earnings per share.  SFAS No 128 also states
that  although  including  those  potential  common  shares  in  the  other
diluted-per-share  computations  may  be  dilutive  to  their  comparable  basic
per-share  amounts,  no  potential  common  shares  shall  be  included  in  the
computation  of  any  diluted  per-share  amount  when  a  loss  from continuing
operations  exist,  even  if  the  entity  reports  net  income.

FORWARD-LOOKING  STATEMENTS

This Form 10-QSB and other reports and statements filed by the Company from time
to  time  with  the  Securities  and  Exchange  Commission  (collectively,  the
"Filings")  contain  or  may  contain forward-looking statements and information
that  are  based  upon  beliefs  of, and information currently available to, the
Company's management, as well as estimates and assumptions made by the Company's
management.

When  used  in  the  Filings,  the  words  "anticipate,"  "believe," "estimate,"
"expect," "future," "intend," "plan," and similar expressions, as they relate to
the  Company  or  the Company's management, identify forward-looking statements.
Such  statements  reflect the current view of the Company with respect to future
events  and  are subject to risks, uncertainties and assumptions relating to the
Company's  operations and results of operations, competitive factors and pricing
pressures,  shifts in market demand, the performance and needs of the industries
which  constitute the customers of the Company, the costs of product development
and other risks and uncertainties, in addition to any uncertainties with respect
to management of growth, increases in sales, the competitive environment, hiring
and  retention  of  employees,  pricing,  new  product  introductions,  product
productivity,  distribution  channels,  enforcement  of  intellectual  property
rights,  possible  volatility  of  stock  price  and general industry growth and
economic  conditions.  Should  one  or  more  of  these  risks  or uncertainties
materialize,  or  should  the  underlying  assumptions  prove  incorrect, actual
results  may  differ  significantly from those anticipated, believed, estimated,
expected,  intended  or  planned.


9
<PAGE>
                                   SIGNATURES

In  accordance  with  the  requirements of Section 13 or 15(d) of the Securities
Exchange  Act  of  1934,  the  registrant caused this report to be signed on its
behalf  by  the  undersigned, thereunto duly authorized, in the City of Seattle,
Washington,  on  November  10,  2001.

                                        CREATIVE  PRODUCTS  INTERNATIONAL,  INC


                                        By:  /s/   Susan  A.  Schreter


In  accordance  with  the requirements of the Exchange Act, this report has been
signed  by  the  following  persons  on  behalf  of  the  registrant  and in the
capacities  and  on  the  dates  indicated:


SIGNATURE                            TITLE                     DATE

Susan  A Schreter                    Chairman and CEO          November 10, 2001


10
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