UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C., 20549
                                 FORM 10-Q SB

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

                   For the quarter report ended March 31, 2002
                                       or

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

                  For the transition period from to ___________

                        Commission File number 000-28581

                         OASIS INFORMATION SYSTEMS, INC.

   (Exact name of small business issuer as registrant as specified in charter)

         Nevada                                            94-3342064
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification No.)

                    101-565 Bernard Ave. Kelowna, B.C. V1Y8R4
                     (Address of principal executive office)

          Registrants telephone no., including area code (250) 860-9551

                                 1st Genx, Inc.
                    (Former name, changed since last report)
Check whether the registrant  (1) has filed all reports  required to be filed by
Section 13 or 15(d) of the Securities  Exchange Act of 1934 during the preceding
12 months (or for such shorter  period that the  registrant was required to file
such  reports),  Yes  [X]  No [ ] and  (2)  has  been  subject  to  such  filing
requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares outstanding of each of the issuers classes of
common stock, as of the last practicable date.

                  Class                 Outstanding as of March 31, 2002
          Common Stock, $0.001                 13,621,158

                                                         i





                                                 TABLE OF CONTENTS
                                           PART 1. FINANCIAL INFORMATION

Heading                                                                   Page

Item 1.                   Financial Statements               2

                          Balance Sheets  March 31, 2002
                              And December 31, 2001                        3-4

                          Operations three months
                              Ended March 31, 2002 and March 31, 2001     5

                          Stockholders Equity  6-9

                          Cash Flows three months
                                Ended March 31, 2002 and March 31, 2001   10-11

                           Notes to Consolidated Financial Statements     12-17

Item 2.                    Managements Discussion and Analysis and
                              Result of Operations                        18-19




                                            PART II. OTHER INFORMATION

Item 1.                    Legal Proceedings                              19

Item 2.                    Changes in Security                            19

Item 3.                    Defaults Upon Senior Securities                 19

Item 4.                    Submission of Matter to a Vote of              19-20
                               Securities Holders

Item 5.                    Other Information                              20

Item 6.                    Exhibits and Reports on Form 8-K                20

                           Signatures                                    21






                                                        ii






                                          PART 1  FINANCIAL INFORMATION

                                           Item 1. Financial Statements


     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance  with the  instructions  for Form  10-Q  pursuant  to the  rules  and
regulations of the Securities and Exchange  Commission  and,  therefore,  do not
include all information and footnotes  necessary for a complete  presentation of
the financial  position,  results of operations,  cash flows,  and  stockholders
equity in conformity  with  generally  accepted  accounting  principles.  In the
opinion  of  management,   all  adjustments  considered  necessary  for  a  fair
presentation  of the results of  operations  and  financial  position  have been
included and all such adjustments are of a normal recurring nature.

     The unaudited  balance  sheet of the Company as of March 31, 2002,  and the
related balance sheet of the Company as of December 31, 2001,  which was derived
from the Companys  audited  financial  statements,  the unaudited  statement of
operations  and cash flows for the three  months  ended  March 31,  2002 and the
statement  of  stockholders  equity for the period from  January 1, 1998 through
March 31, 2002 are attached hereto and incorporated herein by this reference.

     Operating  results for the quarter ended March 31, 2002 are not necessarily
indicative of the results that can be expected for the year ending  December 31,
2002.










                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                      March 31, 2002 and December 31, 2001





                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
                                 Balance Sheets



                                     ASSETS

                                                        March 31,  December 31,
                                                          2002          2001
                                                       (Unaudited)
CURRENT ASSETS

Cash$                                                      153         $  5,988

Total Current Assets                                       153            5,988

FIXED ASSETS

Telecommunications equipment                            13,862           13,862
Software                                                76,783           76,783
Office furniture and equipment                          19,210           19,210
Accumulated depreciation                               (43,241)         (35,090)

Total Fixed Assets                                      66,614           74,765

OTHER ASSETS

Intangibles                                                  -                -
Investments, net                                             -                -

Total Other Assets                                           -                -

TOTAL ASSETS                                          $ 66,767         $ 80,753

                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
                           Balance Sheets (Continued)


                  LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)

                                                 March 31,         December 31,
                                                  2002                2001
                                                 (Unaudited)
CURRENT LIABILITIES

Accounts payable                                 $   131,918        $   111,270
Notes payable -
related party                                         92,568             85,239
Line of credit                                        60,000             60,000
Current portion of
notes payable                                         68,030             68,030
Accrued expenses                                      66,315             37,256

Total Current Liabilities                            418,831            361,795

STOCKHOLDERS EQUITY (DEFICIT)

Common stock; $0.001 par value,
200,000,000 shares
authorized, 13,621,158 shares
issued and outstanding,
respectively                                          13,622             13,622
Additional paid-in capital                         4,987,089          4,987,089
Subscription receivable                              (15,000)           (15,000)
Other comprehensive loss                             (30,000)           (30,000)
Deficit accumulated prior to
the development stage                             (4,659,300)        (4,659,300)
Deficit accumulated during
the development stage                               (648,475)          (577,453)

Total Stockholders
Equity (Deficit)                                    (352,064)          (281,042)

TOTAL LIABILITIES AND
STOCKHOLDERS
EQUITY (DEFICIT)                                 $    66,767        $    80,753

                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)


                                                                      From
                                                                  Inception of
                                                                   Development
                                                                     Stage on
                                                For the             January 1,
                                           Three Months Ended      2001 Through
                                                 March 31,            March 31,
                                           2002             2001         2002

REVENUES                               $     -        $     -          $     -

OPERATING EXPENSES

Management fees                           19,899          49,479         141,179
Advertising and
promotion                                      -           3,643           3,643
Depreciation and
amortization                               8,151           6,057          45,204
General and
administrative                            37,497         127,793         433,775

Total Operating
Expenses                                  65,547         186,972         623,801

OPERATING LOSS                           (65,547)       (186,972)      (623,801)

OTHER INCOME (EXPENSE)

Interest expense                          (5,475)         (5,925)      (24,674)

Total Other Income
(Expense)                                 (5,475)         (5,925)       (24,674)

LOSS FROM CONTINUING
OPERATIONS                                     -        (192,897)      (648,475)

GAIN (LOSS) FROM DISCONTINUED
OPERATIONS                                     -          25,000               -

NET LOSS                                 (71,022)       (167,897)      (648,475)

OTHER COMPREHENSIVE
LOSS

Loss on valuation of
marketable securities                          -               -        (30,000)

Total Other Comprehensive
Loss                                           -               -        (30,000)

NET COMPREHENSIVE
LOSS                              $      (71,022)  $   (167,897)   $   (678,475)

BASIC LOSS PER
SHARE

Continuing operations            $        (0.00)  $     (0.00)
Discontinued operations                     -           (0.00)

Total Loss Per Share             $        (0.00)  $     (0.00)

WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING                           13,621,158       5,996,158



                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
                   Statements of Stockholders Equity (Deficit)


                                                             Additional
                                           Common Stock       Paid-In
                                       Shares         Amount  Capital

Balance, December 31,
 2000                                 3,495,103   $    3,496   $4,105,727

January 10, 2001, common stock
issued for debt reduction at
$0.20 per
share                                 1,876,055        1,876      364,612

January 23, 2001, common stock
issued for debt reduction valued
at $0.20 per
share                                   125,000          125       24,875

January 31, 2001, common stock
issued for investment valued at
$0.20 per
share                                    62,500           63       12,437

January 31, 2001, common stock
issued for debt reduction valued
at $0.20 per
share                                   437,500          437       87,063

April 26, 2001, common stock
issued for services valued at
$0.20 per
share                                   125,000          125       24,875

Subscription receivable
received                                      -            -            -

September 17, 2001, common stock
issued for cash valued at $0.05
per
share                                 5,500,000        5,500      269,500

September 17, 2001, common stock
issued for debt reduction valued
at $0.05 per
share                                   500,000          500       24,500

September 17, 2001, common stock
issued for services valued
at $0.05 per
share                                   500,000          500       24,500

September 17, 2001, common stock
issued for subscription receivable
valued at $0.05 per
share                                 1,000,000        1,000       49,000

Subscription receivable
received                                      -            -            -

Unrealized loss on
securities                                    -            -            -

Net loss for the year ended
December 30,
   2001                                       -            -            -

Balance, December
31, 2001                             13,621,158   $   13,622   $4,987,089







                                                          Other
                                   Subscription      Comprehensive   Accumulated
                                       Receivable     Income (Loss)      Deficit

Balance, December
31, 2000                             $   (10,000)$            -    $(4,659,300)

January 10, 2001, common stock
issued for debt reduction at
$0.20 per
share                                          -              -              -

January 23, 2001, common stock
issued for debt reduction valued
at $0.20 per
share                                          -              -              -

January 31, 2001, common stock
issued for investment valued at
$0.20 per
share                                          -              -              -

January 31, 2001, common stock
issued for debt reduction valued
at $0.20 per
share                                          -              -              -

April 26, 2001, common stock
issued for services valued at
$0.20 per
share                                          -              -              -

Subscription receivable
received                                  10,000              -              -

September 17, 2001, common stock
issued for cash valued at $0.05
per
share                                          -              -              -

September 17, 2001, common stock
issued for debt reduction valued
at $0.05 per
share                                          -              -              -

September 17, 2001, common stock
issued for services valued
at $0.05 per
share                                          -              -              -

September 17, 2001, common stock
issued for subscription receivable
valued at $0.05 per
share                                    (50,000)             -              -

Subscription receivable
received                                  35,000              -              -

Unrealized loss on
securities                                     -        (30,000)             -

Net loss for the year ended
December
30, 2001                                       -              -       (577,453)

Balance, December
31, 2001                             $   (15,000)  $     (30,000) $ (5,236,753)


                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
            Statements of Stockholders Equity (Deficit) (Continued)


                                                                Additional
                                               Common Stock       Paid-In
                                          Shares         Amount   Capital

Balance, December
31, 2001                              13,621,158   $   13,622   $4,987,089

Net loss for the three months ended
March 31, 2002
(unaudited)                                    -            -            -

Balance, March 31, 2002
(unaudited)                           13,621,158   $   13,622   $4,987,089

Deficit accumulated prior to
the development stage
Deficit accumulated during
the development stage
Total accumulated
deficit







                                                        Other
                                       Subscription Comprehensive   Accumulated
                                         Receivable  Income (Loss)      Deficit

Balance, December 31, 2001            $   (15,000)   $ (30,000) $    (5,236,753)

Net loss for the three months ended
March 31, 2002 (unaudited)                      -               -       (71,022)

Balance, March 31, 2002 (unaudited)   $   (15,000)   $    (30,000) $ (5,307,775)

Deficit accumulated prior to the
development stage                                              -    $(4,659,300)
Deficit accumulated during the
development stage                               -              -       (648,475)
otal accumulated
deficit                                         -              -    $(5,307,775)

                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (Unaudited)


                                                                        From
                                                                   Inception of
                                                                    Development
                                                                      Stage on
                                         For the                     January 1,
                                   Three Months Ended               2001 Through
                                        March 31,                     March 31,
                                            2002          2001        2002

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss                               $    (71,022) $   (167,897) $   (648,475)
Adjustments to reconcile
loss to net cash
used by operating activities:
Depreciation and
amortization                               8,151        6,057       45,204
Bad debt expense                               -            -       42,065
Loss on disposition
of assets                                      -            -            -
Common stock issued
for services                                   -            -       50,000
Changes in operating assets
and liabilities:
(Increase) in accounts
receivable
- related party                                -         (150)     (42,066)
Increase (decrease) in
accounts payable                          20,648       40,063       72,603
Increase (decrease) in
accrued expenses                          29,059            -       (6,639)

Net Cash (Used) by Operating
Activities                               (13,164)    (121,927)    (487,308)

CASH FLOWS FROM INVESTING ACTIVITIES

Equipment purchase                             -       (2,932)     (29,660)

Net Cash Used by Investing
Activities                                     -       (2,932)     (29,660)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from related party
notes payable                              7,329            -      105,654
Subscription
receivable                                     -       10,000            -
Payments on related party
notes payable                                  -            -      (12,078)
Payments on notes
payable                                        -       (6,667)    (256,667)
Proceeds from notes
payable                                        -      150,000      359,406
Proceeds from common
stock                                          -            -      320,000

Net Cash Provided by Financing
Activities                                 7,329      153,333      516,315

INCREASE (DECREASE)
IN CASH                                   (5,835)      28,474         (653)

CASH AT BEGINNING OF
PERIOD                                     5,988          806          806

CASH AT END OF
PERIOD                                 $     153    $  29,280    $     153

                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
                      Statements of Cash Flows (Continued)
                                   (Unaudited)


                                                          From
                                                    Inception of
                                                   Development
                                                       Stage on
                              For the                  January 1,
                         Three Months Ended          2001 Through
                               March 31,              March 31,
                           2002         2001            2002

CASH PAID FOR:

Interest                 $    -      $   -       $          -
Income taxes             $    -      $   -       $          -

NON-CASH INVESTING AND
FINANCING ACTIVITIES

Common stock issued
for investments,
software and
licenses                 $    -      $ 12,500    $ 12,500
Common stock issued
for services             $    -      $     -     $ 50,000
Common stock issued
for debt reduction       $   -       $478,988    $503,988


                         OASIS INFORMATION SYSTEMS, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                      March 31, 2002 and December 31, 2001



NOTE 1 -      BASIS OF FINANCIAL STATEMENT PRESENTATION

     The accompanying  unaudited financial  statements have been prepared by the
Company  pursuant to the rules and  regulations  of the  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 in  accordance  with such rules and
regulations.  The  information  furnished  in the interim  financial  statements
include normal recurring adjustments and reflects all adjustments, which, in the
opinion of management,  are necessary for a fair  presentation of such financial
statements.   Although  management  believes  the  disclosures  and  information
presented are adequate to make the information  not misleading,  it is suggested
that  these  interim  financial  statements  be read  in  conjunction  with  the
Companys most recent audited financial statements and notes thereto included in
its December 31, 2001 Annual  Report on Form 10-KSB.  Operating  results for the
three months ended March 31, 2002 are not necessarily  indicative of the results
that may be expected for the year ending December 31, 2002.

NOTE 2 -      GOING CONCERN

     The Company's  financial  statements are prepared using generally  accepted
accounting  principles  applicable  to a going concern  which  contemplates  the
realization  of assets and  liquidation  of  liabilities in the normal course of
business.  However, the Company does not have significant cash or other material
assets, nor does it have an established  source of revenues  sufficient to cover
its operating  costs and to allow it to continue as a going  concern.  It is the
intent of the Company to seek a merger with an existing,  operating company. The
accompany  financial  statements  do not include any  adjustments  that might be
necessary if the Company is unable to continue as a going concern.







     ITEM 2.  MANAGEMENTS  DISCUSSION  AND ANALYSIS OF FINANCIAL  CONDITION  AND
RESULTS OF OPERATIONS

Going Concern and Ability of the Company to Continue

     The Company has a net operating  loss carry  forwards of  $5,307,775  since
inception through March 31, 2002.

     The Companys consolidated financial statements are prepared using generally
accepted accounting  principles applicable to a going concern which contemplates
the realization of assets and liquidation of liabilities in the normal course of
business.  The  Company has not  established  revenues  sufficient  to cover its
operating costs and allow it to continue as a going concern. Management believes
that the Company will soon be able to generate revenues  sufficient to cover its
operating costs. In the interim, the Company intends to raise additional capital
through private placements of its common stock.

     It should  be noted  that the  Companys  auditor  H.J.  &  Associates  have
expressed a concern about the  Companys  ability to continue as a going concern
in the December 31, 2001 year end audit and the March 31, 2002 quarterly review.

Liquidity and Capital Resources

     As of March 31, 2002 the Company has $153 in total current assets, which is
comprised  entirely of cash.  The Company has  $418,831 in current  liabilities.
These  liabilities  are  comprised of $66,315 in accrued  expenses,  $131,918 in
accounts payable,  $ 60,000 in a line of credit,  and $160,598 in notes payable.
Management realizes that there is a severe impairment in liquidity.  The Company
is involved  in a best  efforts  financing  in order to  increase  the  Companys
liquidity and capital resources.

Results of Operations

     For the three  months  ending  March 31, 2002 the Company had a net loss of
$(71,022).  General and Administrative  expenses decreased $90,296 for the first
quarter  of  2002compared  to  the  same  period  of  2001.   Depreciation   and
amortization  increased  $2,094 for the first quarter  2002when  compared to the
same period of 2001.  Management Fees decreased $29,580 for the first quarter of
2002  when  compared  to the same  period  of  2001.  The  main  reason  for the
significant  decrease in operating  costs is due to the Company  searching for a
viable  field to enter  while the  company  was  operational  with  its  online
software during the first quarter of 2001.

     The Company had  revenues of $ 0 for the three  months ended March 31, 2002
compared to $0 for the same period last year.


Sale of Common Capital Stock

         None.


                            PART II OTHER INFORMATION

                            ITEM 1. LEGAL PROCEEDINGS

     The Company is involved in the Christen Brule vs.  E-Vegas.Com,  Inc., case
#0995358, failure to deliver a warrant. Counsel assures management that the case
is  without  merit.  The case will be heard in the  Provincal  Court of  British
Columbia in July 2002.

                          ITEM 2. CHANGES IN SECURITIES
         None.

                     ITEM 3. DEFAULTS UPON SENIOR SECURITES

         None.

         ITEM 4. SUBMISSION OF MATTERS TO BE A VOTE OF SECURITY HOLDERS

         None.

                            ITEM 5. OTHER INFORMATION


         None.



                       ITEM 6. EXHIBITS AND REPORTS ON 8-K



             8K filed by reference on March 22, 2002


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  Report  to be  signed  in its  behalf by the
undersigned hereto duly authorized.



                                      OASIS INFORMATION SYSTEMS, INC.


Dated: May 29, 2002

                                         By:/S/ Antal Markus
                                                Antal Markus
                                                President, Director