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 June 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 June 30,, 2002, the Registrant had
7,258,704 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 June 30, 2002                              3
                 (unaudited for June 30, 2002 period)

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

                 Statement of Stockholder's Equity                           5
                 (unaudited)

                 Statement of Cash Flows for the Period
                 Ended June 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
                                 June 30, 2002
<TABLE>
<CAPTION>



             ASSETS

Current Assets
<S>                                                                               <C>
             Cash and cash equivalents                                            $         77,671

Long-Term Assets
             Deposit                                                                         2,000
             Intangible assets                                                             271,206
             Equipment                                                                      28,221
                                                                                  -----------------

                                                                                           301,426
                                                                                  -----------------

                                                                                  $        379,097
                                                                                  =================



             LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
             Accounts payable                                                     $         49,617
             Accruals                                                                        6,000
             Note to stockholder                                                           715,347
                                                                                  -----------------

                  Total current liabilities                                                770,964

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, 7,258,704 shares issued and outstanding                       72,587
             Additional paid-in capital                                                  1,303,145
             Deficit accumulated during the development stage                           (1,767,599)
                                                                                  -----------------

                  Total stockholders' equity                                              (391,867)
                                                                                  -----------------

                                                                                  $        379,097
                                                                                  =================




                        See Notes to Financial Statements


                                      3


<PAGE>

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

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



                                                      3 month Period  6 month Period   3 month Period   6 month Period   Cumulative
                                                      1-April - 2001    1-Jan -01        1-Apr - 02       1-Jan-02       During
                                                            to              to                 to           to           Development
                                                      30-June 2001      30-Jun-01        30 June 02       30-Jun 02      Stage
                                                      ------------------------------------------------------------------------------

Marketing                                             $  27,035       $   37,858      $               $              $      412,395
Administration                                           83,224          198,879          65,116         176,369            723,881
Professional fees                                         3,437           21,992          25,702          35,014             91,263
Amortization and depreciation                            13,585           20,329          33,630          39,327            143,915
Write-off of intangible assets                                                                                              632,554
                                                       ---------      -----------     -----------     -----------     --------------
                   Net loss from operations           $(127,281)      $ (279,058)     $ (124,448)     $ (250,710)    $   (2,004,008)

Other income                                              5,137            5,686           3,652          21,869             35,458
Other expense - interest accrued on stockholder note     (7,357)         (12,515)        (21,666)        (30,767)           (75,643)
                                                       ---------      -----------     -----------     -----------     --------------
                                                         (2,220)          (6,829)     (18,013.43)      (8,898.88)           (40,184)

          Net loss before extraordinary item          $(129,501)        (285,887)       (142,461)       (259,609)        (2,044,192)
                                                       =========      ===========================================     ==============

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

          Net income (loss)                           $(129,501)$         (9,294)       (142,461)    $  (259,609)    $   (1,767,599)
                                                       =========      ===========     ===========     ===========     ==============

Basic and diluted net loss per common share           $   (0.06)      $    (0.00)    $     (0.06)    $     (0.10)    $        (0.69)
                                                       =========      ===========     ===========     ===========     ==============

          Loss before extraordinary item                              $    (0.12)                                    $        (0.80)
                                                       =========      ===========     ===========     ===========     ==============




                                       4

<PAGE>

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


                        See Notes to Financial Statements



                                       5


<PAGE>


                                                            3 month Period  6 month Period 3 month Period 6 month Period Cumulative
                                                            1-April - 2001  1-Jan -01      1-Apr - 02     1-Jan-02       During
                                                                  to            to               to         to           Development
                                                            30-June 2001    30-Jun-01      30 June 02     30-Jun 02      Stage
                                                            ------------------------------------------------------------------------
Cash Flows from Operating Activities
      Net loss                                                  $ (129,501)   $   (9,294)  $(142,461)  $ (259,609)   $(1,767,599)
      Adjustments to reconcile net loss to net cash flows
          from operations
          Amortization and depreciation                             13,585        20,329      31,977       37,674        115,799
              Depreciation                                                                                      -         26,463
          Write-off of intangible assets                                                                        -        632,554
          Extraordinary item                                                                                    -
          Change in other operating assets and liabilities
              Deposits                                              15,000        15,000                        -         (2,000)
              Accounts payable                                      77,761      (143,115)    (19,762)    (106,951)        73,630
              Accrued Fees                                                                                      -          6,000
              Accrued salaries                                           -       (11,712)     37,500       75,000         50,000
                                                                -----------------------------------------------------------------

                   Net cash flows used in operating activities     (23,155)     (128,792)    (92,746)    (253,886)      (865,153)

Cash Flows from Investing Activities
      Purchase of intangible assets                                (89,985)     (143,768)    (15,450)    (125,400)      (850,413)
      Purchase of equipment                                         (1,486)       (4,266)      1,653      (25,001)       (58,177)
                                                                -----------------------------------------------------------------

                   Net cash flows used in investing activities     (91,471)     (148,034)    (13,797)    (150,401)      (908,590)

Cash Flows from Financing Activities
      Debt Conversion to Equity                                     15,500        15,500                        -        (34,264)
      Proceeds from issuance of common stock                                           -      16,000       47,680        840,105

      Proceeds from stockholder note                               112,496       165,936      75,000      370,000        987,316
                                                                -----------------------------------------------------------------

                   Net cash flows from financing activities        127,996       181,436      91,000      417,680      1,793,157
                                                                -----------------------------------------------------------------

                   Net increase (decrease) in cash              $   13,370       (95,390)   $ 42,713    $  13,394     $   19,415

Cash and cash equivalents, beginning of period                      12,452       121,212      34,957       40,978         40,978
                                                                -----------------------------------------------------------------

Cash and cash equivalents, end of period                        $   25,822    $   25,822    $ 77,671    $  54,372     $   60,393
                                                                =================================================================
</TABLE>


                        See Notes to Financial Statements



                                       6


<PAGE>

                          Insert statement of cash flow
                       FIRST TRANSACTION MANAGEMENT, INC.
                          NOTES TO FINANCIAL STATEMENTS
                           QUARTER ENDED JUNE 30, 2002

NOTE 1   ORGANIZATION AND DESCRIPTION OF BUSINESS

First Transaction  Management,  formerly named Creative Products  International,
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   ISSUANCE OF COMMON STOCK

On June 30,  2002,  the  Company  authorized  the  issuance of a total of 50,000
shares of common stock to a non-officer  employee and consultant in lieu of cash
compensation.


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 the  outstanding  debt into
equity.

                                       7

<PAGE>

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 June 30, 2001 to
the Fiscal Quarter Ended June 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.

Total operating  expenses incurred during the fiscal quarter ended June 30, 2002
were $124,448 as compared to $127,281 during the prior  comparable  period ended
2001; a 2% decrease. Administrative costs decreased during the comparable fiscal
quarters from $83,224 to $65,116, a 22% decrease.  General  administrative costs
include  office  expenses,   maintaining  public  filings,  staff  salaries  and
benefits.  Depreciation and amortization increased significantly from $13,585 to
$33,630,  148% increase.  This increase  reflected increase in technology assets
from the prior period.  Professional  fees associated  primarily with accounting
and legal  organization  needs increased from $3,437 to $25,702.  During the six
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 quarter.

The Company also incurred accrued,  but unpaid total interest expense of $21,666
during the fiscal  quarter ended 2002.  This compares to $7,357 of accrued,  but
unpaid total interest  expense during the fiscal quarter ended 2001; an increase
of 195%.  The increase  was  attributable  to the  increase in debt  outstanding
during the comparable  fiscal periods.  During the fiscal period ended 2002, the
Company  also  recorded  other  income  of  $3,652,  primarily  associated  with
reduction and forgiveness of certain administrative accounts payable.

As a result of the  foregoing,  the  Company  generated  a net loss of  $142,461
during  the fiscal  quarter  ended June 30,  2002 as  compared  to a net loss of
$129,501;  a 10% increase from the prior period.  The average  weighted loss per
share  during the 2001 period was $.06 as compared to an average  weighted  loss
per share during the comparable fiscal period of $.06 per share.

                                       8


<PAGE>

Liquidity

The Company's liquidity and capital resources at June 30, 2002 consisted of cash
of approximately  $77,671 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  $770,964.  As of June 30,  2002,  the
Company's outstanding principal balance to an officer and director was $715,347.

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 June 30, 2002, $715,347 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.

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.
<PAGE>

                                       9

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 July 24, 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                    7-24-02



                                       10