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 fiscal quarter ended September 30, 2002

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

                       FIRST TRANSACTION MANAGEMENT, INC.
                 (Name of small business issuer in its charter)
                      ------------------------------------

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

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

                  4801 Aurora Ave N. Seattle, WASHINGTON 98103
                          (principal 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, 2002, the Registrant
had 7,258,705 shares of Common Stock outstanding.

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


<PAGE>




         INDEX                                                      PAGE NUMBER

PART I:     FINANCIAL INFORMATION

     Item 1      Balance Sheet at September 30, 2002 .....................   3
                 (unaudited for September 30, 2002 period)

                 Statement of Operations for the Period
                 Ended September 30, 2002 (unaudited) ....................   4

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

                 Statement of Cash Flows for the Period
                 Ended September 30, 2002 (unaudited) ....................   6



     Item 2      Notes to the Financial Statements .......................   7


     Item 3      Management's Discussion and Analysis of
                    Financial Condition and Results of Operation .........   8


                                       2

<PAGE>


                       FIRST TRANSACTION MANAGEMENT, INC.
                         (A Development Stage Company)

                                 BALANCE SHEETS
                               September 30, 2002
<TABLE>
<CAPTION>



             ASSETS

Current Assets
<S>                                                                        <C>
             Cash and cash equivalents                                     $    38,289

Long-Term Assets
             Deposit                                                             2,000
             Intangible assets                                                 242,441
             Equipment                                                          26,985
                                                                           -----------

                                                                               271,427
                                                                           -----------

                                                                           $   309,716
                                                                           ===========



             LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
             Accounts payable                                              $    25,672
             Accruals                                                            6,000
             Note to stockholder                                               776,119
                                                                           -----------
                 Total current liabilities                                     807,791

Stockholders' Equity
             Preferred stock, par value $.01 per share, 1,000,000 shares
                 authorized, none issued and outstanding                            --
             Common stock, par value $.01 per share, 15,000,000 shares
                 authorized, 7,258,705 shares issued and outstanding            72,587
             Additional paid-in capital                                      1,303,145
             Deficit accumulated during the development stage               (1,873,806)
                                                                           -----------

                 Total stockholders' equity                                   (498,075)
                                                                           -----------
                                                                           $   309,716
                                                                           ===========





                        See Notes to Financial Statements


                                      3


<PAGE>

                       FIRST TRANSACTION MANAGEMENT, INC.
                         (A Development Stage Company)

                            STATEMENT OF OPERATIONS
     For the 3 month Periods Ended September 30 2002 and September 20, 2001
and for the Period from March 25, 1999 (date of incorporation) to September 30, 2002



                                                     3 month Period   9 month Period 3 month Period  9 month Period    Cumulative
                                                      1-Jul - 2001      1-Jan -01      1-Jul - 02       1-Jan-02       During
                                                          to               to               to            to           Development
                                                      30-Sep  2001      30-Sep-01      30-Sep  02       30-Sep 02      Stage
                                                     ------------------------------------------------------------------------------

Marketing                                            $         80    $     37,938   $               $                $     412,395
Administration                                             75,784         274,663         47,542           194,180         771,423
Professional fees                                           3,261          25,253          9,702            74,418         100,965
Amortization and depreciation                              22,154          42,483         33,300            72,626         177,215
Write-off of intangible assets                              3,473           3,473                                          632,554
                                                     -------------   -------------   ------------   ---------------   -------------

                  Net loss from operations               (104,752)       (383,810)       (90,544)         (341,225)     (2,094,552)

Other income                                                   53           5,739                           21,869          35,458
Other expense - interest accrued on stockholder note      (14,631)        (27,147)       (34,397)          (46,431)       (110,040)
                                                     -------------   -------------   ------------   ---------------   -------------
                                                          (14,578)        (21,408)    (34,396.70)       (24,562.56)        (74,582)

          Net loss before extraordinary item             (119,330)       (405,218)      (124,941)         (365,787)     (2,169,134)
                                                     =============   ==============================================   =============

Extraordinary Item                                                       (276,593)             -                           276,593
                                                     =============   =============   ============   ===============   =============

          Net income (loss)                          $   (119,330)   $   (128,625)   $  (124,941)   $     (365,787)   $ (1,892,541)
                                                     =============   =============   ============   ===============   =============

      Weighted average common shares outstanding        2,297,645       2,292,454      7,258,705         7,258,705       7,258,705

Basic and diluted net loss per common share          $      (0.05)   $      (0.06)   $     (0.02)   $        (0.05)   $      (0.26)
                                                     =============   =============   ============   ===============   =============




                                       4

<PAGE>

                          FIRST TRANSACTION MANAGEMENT
                         (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS EQUITY
                  Period Ended September 30, 2002 and September 30, 2001
                               and for the Period
            From March 25, 1999 (Date of Inception) to September 30, 2002



                                                                     Common Stock                          Deficit
                                                           ---------------------------                   Accumulated
                                                                                         Additional      During the
                                                 Date of     Number                       Paid-in        Development
                                               Transaction  of Shares   Par Value         Capital           Stage           Total
                                           ---------------------------------------------------------------------------------------

Shares issued for cash                      Mar 25, 1999            1      $      -    $  50,000    $          -    $     50,000

Intangible assets contributed
      in spin-off transaction               Jun 30, 1999                                 165,652                         165,652
Shares issued for cash                      Sept 27, 1999   1,528,204        15,282      284,718                         300,000
Shares issued for cash                      Oct 4, 1999       384,000         3,840       15,360                          19,200
Net loss for 1999                                                                                        (33,139)        (33,139)
                                                           -----------------------------------------------------------------------
Balance, December 31, 1999                                 $1,912,205      $ 19,122   $  515,730     $   (33,139)    $   501,713

Shares issued for cash                      Dec 4, 2000       375,000         3,750       371,250                         375,000
Net loss for 2000                                                                                      (1,211,881)   $ (1,211,881)
                                           ---------------------------  ------------  ------------   -------------   -------------
Balance December 31, 2000                                  $2,287,205      $ 22,872   $   886,980    $ (1,245,020)       (335,168)
                                           =======================================================================================

Shares issued as compensation              June 11, 2001       50,000           500        15,500                          16,000
Shares issued as compensation              Dec 31, 2001        85,000           850        26,350                          27,200
Shares issued in lieu of debt              Dec 31, 2001     4,687,500        46,875       328,125                         375,000
Net loss for 2001                                                                                        (262,970)       (262,970)
                                                           -----------------------------------------------------------------------
Balance, December 31, 2001                                 $7,109,705      $ 71,097    $1,256,955    $ (1,507,990)    $  (179,938)
                                                           =======================================================================

Shares issued in lieu of compensation            3/31/02       99,000           990        30,690                          31,680
Net loss for Qtr. Ended 3/31/2002                                                                        (117,148)       (117,148)
                                                           -----------  ------------  ------------   -------------   -------------
Balance, March 31, 2002                                    $7,208,705      $ 72,087    $1,287,645    $ (1,625,138)       (265,406)

Shares issued in lieu of compensation            6/30/02       50,000           500        15,500                          16,000
Net loss for Qtr Ended 6/30/02                                                                           (142,461)
                                                           -----------  ------------  ------------   -------------   -------------
Balance June 30, 2002                                      $7,258,705      $ 72,587    $1,303,145    $ (1,767,599)       (249,406)

Net loss for Qtr Ended 9/30/02                   9/30/02                                                 (124,941)
                                                           -----------  ------------  ------------   -------------   -------------
Balance September 30, 2002                                 $7,258,705      $ 72,587    $1,303,145    $ (1,892,540)       (249,406)

                        See Notes to Financial Statements



                                       5


<PAGE>

                       FIRST TRANSACTION MANAGEMENT, INC.
                         (A Development Stage Company)

                   STATEMENT OF CHANGES IN FINANCIAL POSITION
         For the Periods Ended September 30 2002 and September 20, 2001
                               and for the Period
                 From March 25, 1999 (date of incorporation) to
                               September 30, 2002



                                                           3 month Period 9 month Period 3 month Period  9 month Period  Cumulative
                                                            1-Jul-2001     1-Jan -01      1-Jul-02       1-Jan-02        During
                                                                 to            to            to              to          Development
                                                             30-Sep-01     30-Sep-01      30-Sep 02       30-Sep 02      Stage
                                                              ---------------------------------------------------------------------
Cash Flows from Operating Activities
      Net loss                                                $(119,330)   $(128,624)     $(124,941)     $(365,787)     $(1,892,540)
      Adjustments to reconcile net loss to net cash flows
          from operations
          Amortization and depreciation                          22,154       42,483         16,257         53,931          132,056
              Depreciation                                           --       26,463
          Write-off of intangible assets                          3,472        3,472             --        632,554
          Extraordinary item                                         --
          Change in other operating assets and liabilities
              Deposits                                           (2,000)      13,000             --         (2,000)
              Accounts payable                                    2,254     (151,853)        18,060        320,604           91,690
              Accrued Fees                                       23,335       47,279             --          6,000
              Accrued salaries                                   39,794      109,794         37,500        112,500           42,500
                                                              ---------------------------------------------------------------------

                  Net cash flows used in operating activities   (30,321)     (64,449)       (53,124)       121,248         (963,277)

Cash Flows from Investing Activities
      Purchase of intangible assets                                  --     (143,768)        13,743       (119,211)        (836,670)
      Purchase of equipment                                          --       (4,266)            --        (17,447)         (58,177)
                                                               --------------------------------------------------------------------

                  Net cash flows used in investing activities        --     (148,034)        13,743       (136,658)        (894,847)

Cash Flows from Financing Activities
      Debt Conversion to Equity                                               15,500                        46,190          (34,264)
      Proceeds from issuance of common stock                                     500                         1,490          840,105

      Proceeds from stockholder note                              9,724       80,495                                        987,316
                                                               --------------------------------------------------------------------

                  Net cash flows from financing activities        9,724       96,495             --         47,680        1,793,157
                                                           ------------------------------------------------------------------------

                  Net increase (decrease) in cash             $ (20,597)   $(115,988)     $ (39,381)     $  32,270      $   (64,967)

Cash and cash equivalents, beginning of period                   25,821      121,212         77,671          6,020          118,649
                                                           ------------------------------------------------------------------------
Cash and cash equivalents, end of period                      $   5,224    $   5,224      $  38,290      $  38,290      $    53,682
                                                          =========================================================================
</TABLE>


                        See Notes to Financial Statements



                                       6


<PAGE>

                       FIRST TRANSACTION MANAGEMENT, INC.
                          NOTES TO FINANCIAL STATEMENTS
                        QUARTER ENDED SEPTEMBER 30, 2002

NOTE 1   ORGANIZATION AND DESCRIPTION OF BUSINESS

First Transaction Management, Inc. ("the Company"), is the development stage
company. It was incorporated in the state of Delaware on March 25, 1999. The
Company's objective is to commercialize certain Internet based promotion
management services for the consumer product manufacturing and trade chain
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 the 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
Registrant's latest annual report on Form 10-KSB for the year ended December 31,
2001. 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 climate for web-related businesses and the recession in
the advertising industry raise concerns about the Company's ability to continue
as a going concern. The Company's ability to continue as a going concern is
contingent upon its ability to achieve positive cash flow from operating and
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 business and financial objectives.

NOTE 4     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 the outstanding debt into
equity.

ITEM 3   MANAGEMENT'S DISCUSSION AND ANALYSIS

THE FOLLOWING ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL CONDITION OF
THE COMPANY SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL
STATEMENTS, INCLUDING THE NOTES THERETO, OF THE COMPANY CONTAINED ELSEWHERE IN
THIS FORM 10-QSB.

OVERVIEW

From the date of the Company's incorporation in March 1999 to present, the
Company has had limited operations. It is a development stage company organized
to commercialize certain products and services which either (i) serve
manufacturers which sell products primarily through chain retail stores; or (ii)
assist chain retailers in the management and administration of certain retail
and product promotion programs. The Company's first business, developed under
the business names Savings4Everything.com, Rebates4Everything.com and Promo
Networks intends to offer fully integrated manufacturer's coupons and rebate
distribution and reporting services for client consumer product manufacturers or
for private label "in store" promotions for retailers. Management seeks to
finance the continued development of its business through strategic
partnerships, financial investors or sale of the company.

Results of Operations: Comparison of the Fiscal Quarter Ended September 30, 2001
to the Fiscal Quarter Ended September 30, 2002

As the Company is development stage, it has generated no revenue since inception
on March 25, 1999. The Company does not anticipate that it will generate any
significant revenues during the current fiscal year without securing additional
financing.




                                       7

<PAGE>

Total operating expenses incurred during the fiscal quarter ended September 30,
2002 were $124,941 as compared to $119,330 during the prior comparable period
ended 2001; a 4% increase. Administrative costs decreased during the comparable
fiscal quarters from $75,784 to $47,542 a 22% decrease. General administrative
costs include office expenses, maintaining public filings, staff salaries and
benefits. Depreciation and amortization increased significantly from $22,154 to
$33,300, 50% increase. This increase reflected increase in technology assets
from the prior period. Professional fees associated primarily with accounting
and legal organization needs increased from $3,261 to $9,702. During the nine
month prior period ended 2001, the Company recorded an extraordinary gain of
$276,593 due to the forgiveness of certain technology-related accounts payable
during the period.

The Company also incurred accrued, but unpaid total interest expense of $34,397
during the fiscal quarter ended 2002. This compares to $14,631 of accrued, but
unpaid total interest expense during the fiscal quarter ended 2001; an increase
of 135%. The increase was attributable to the increase in debt outstanding
during the comparable fiscal periods.

As a result of the foregoing, the Company generated a net loss of $124,941
during the fiscal quarter ended September 30, 2002 as compared to a net loss of
$119,330; a 4% increase from the prior period. The average weighted loss per
share during the 2001 period was $.05 as compared to an average weighted loss
per share during the comparable fiscal period of $.02 per share.

Liquidity

The Company's liquidity and capital resources at September 30, 2002 consisted of
cash of approximately $38,289 with no other liquid assets. The Company has
supported its operations through secured loans to the Company by an officer and
director of the Company. There is no assurance that additional loans will be
available to meet the Company's future cash requirements.

The Company had total liabilities of $807,791. As of September 30, 2002, the
Company's outstanding principal balance to an officer and director was $776,119.

The Company's continued operations and site development activities are dependent
upon the Company's securing additional sources of working capital through debt,
equity or sale of some or all of its development stage business. The Company
intends to market a private placement to qualified investors or organized
venture capital funds, on terms that have not been determined. Failure to obtain
additional working capital may result in the Company suspending operations.
There is no assurance that the Company will be successful in securing additional
sources of working capital necessary to complete development stage operations,
retain qualified management and staff, and maintain business operations to such
time as the Company can achieve positive cash flow. Further adverse changes in
general economic conditions, the appetite of financial investors to invest in
start up internet businesses with an uncertain future, and manufacturers'
interest in promoting products and services online to consumers.

OTHER MATTERS AND CONTINGENCIES

During the Fiscal Years 2000, 2001 and 2002, the Company's CEO had advanced
funds to the Company in the form of direct.loans, payment of certain operating
expenses and accrued salary and interest. As of September 30, 2002, $776,119
remains outstanding as a note payable to an officer - shareholder. The note
payable accrues interest at 8 percent. The note and accompanying security
agreement provides a first lien over all of the Company's assets including
equipment, intellectual property and liquid assets. The note holder is entitled
to convert some or all of the outstanding obligation, plus accrued but unpaid
interest into shares of the Company's common stock at the rate of $.08 per
share.

DISCLOSURES ABOUT SEGMENTS OF AN ENTERPRISE AND RELATED INFORMATION

The Company's has adopted for its accounting policies the provision of SFAS No.
131, DISCLOSURES ABOUT SEGMENTS OF AN ENTERPRISE AND RELATED INFORMATION ("SFAS
131") which establishes standards for the way public business enterprises are to
report information about operating segments in annual financial statements and
requires those enterprises to report selected information about operating
segments in interim financial reports issued to shareholders. It also
establishes the related disclosures about products and services, geographic
areas and major customers. The adoption of SFAS 131 had no significant impact on
the Company's financial statements.

                                       8


<PAGE>

LOSS PER SHARE

SFAS 128 establishes standards for computing and presenting earning 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 an anti-dilutive 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 expression 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, to costs of product development and
other risks and uncertainties, including, 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 these anticipated, believed,
estimated, expected intended or planned.


                                   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 5, 2002.

                                            First Transaction Management, 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                   11-5-02




                                       9