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 March 31, 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 March 31, 2002, the Registrant had
7,208,704 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 March 31, 2002
                  (unaudited for March 31, 2002 period) ...........    3

                  Statement of Operations for the Period
                  Ended March 31, 2002 (unaudited) ................    4

                  Statement of Stockholders Equity ................    5
                  (unaudited)

                  Statement of Cash Flows for the Period
                  Ended March 31, 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 ..    7





                                       2

<PAGE>


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

                                 BALANCE SHEETS
                                 March 31, 2002


ASSETS

<TABLE>
<CAPTION>
Current Assets
<S>                                                                                <C>
          Cash and cash equivalents                                                $    34,957

Long-Term Assets
          Deposit                                                                        2,000
          Intangible assets                                                            279,514
          Equipment                                                                     38,092
                                                                                   -----------

                                                                                       319,606
                                                                                   -----------

                                                                                   $   354,564
                                                                                   ===========



          LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
          Accounts payable                                                         $    40,556
          Accruals                                                                       6,000
          Note to stockholder                                                          573,413
                                                                                   -----------

             Total current liabilities                                                 619,970

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, 7,208,704 shares issued and outstanding                        72,087
          Additional paid-in capital                                                 1,287,645
          Deficit accumulated during the development stage                          (1,625,138)
                                                                                   -----------

             Total stockholders' equity                                               (265,406)
                                                                                   -----------

                                                                                   $   354,564
                                                                                   ===========



                        See Notes to Financial Statements


                                       3

<PAGE>


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

                            STATEMENT OF OPERATIONS
        For the 3 month Periods Ended March 31, 2002 and March 31, 2001
and for the Period from March 25, 1999 (date of incorporation) to March 31, 2002
                                   Cumulative
                                                                                        During
                                               3 month Period      3 month Period       Development
                                               31-March 2002       31-March 2001        Stage
                                               ----------------------------------------------------
Marketing                                      $       --          $    10,823         $   412,395
Administration                                      111,253            115,655             658,765
Professional fees                                     9,312             18,555              65,561
Amortization and depreciation                         5,697              6,743             110,285
Write-off of intangible assets                                                             632,554
                                                -----------        -----------         -----------
      Net loss from operations                    (126,262)          (151,776)         (1,879,560)

Other income                                        18,216                549              31,806
Other expense - interest accrued on
  stockholder note                                  (9,102)            (5,158)            (53,977)
                                               -----------        -----------         -----------
      Net loss before extraordinary item          (117,148)          (156,385)         (1,901,731)
                                               ===========        ===========         ===========
Extraordinary item                                                    276,593             276,593
                                               ===========        ===========         ===========
Net loss                                       $  (117,148)       $   120,208         $(1,625,138)
                                               ===========        ===========         ===========
Basic and diluted net loss per common share    $     (0.02)       $      0.05         $     (0.75)
                                               ===========        ===========         ===========
      Loss before extraordinary item           $     (0.02)       $     (0.07)        $     (0.88)
                                               ===========        ===========         ===========
      Extraordinary item                       $        --        $      0.12         $      0.13
                                               ===========        ===========         ===========



                        See Notes to Financial Statements



                                        4

<PAGE>


                          FIRST TRANSACTION MANAGEMENT
                         (A Development Stage Company)

                        STATEMENT OF STOCKHOLDERS EQUITY
           For the Year Ended December 31, 2001 and December 31, 2001
                               and for the Period
           From March 25, 1999 (Date of Inception) to March 31, 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)



                        See Notes to Financial Statements

                                       5

<PAGE>



                        FIRST TRANSACTION MANAGEMENT, INC
                         (A Development Stage Company)

                  STATEMENTS OF CHANGES IN FINANCIAL POSITION
            For the Periods Ended March 31, 2002 and March 31, 2001
                               and for the Period
           From March 25, 1999 (Date of Inception) to March 31, 2002


                                                                                                          Cumulative
                                                                                                          During
                                                                  3 month Period        3 month Period    Development
                                                                  31-March 2002         31-March 2001     Stage
                                                                  ---------------------------------------------------
Cash Flows from Operating Activities
     Net loss                                                     $   (117,148)      $    120,207    $  (1,625,138)
     Adjustments to reconcile net loss to net cash flows
        from operations
        Amortization                                                     5,697              4,406           83,822
        Depreciation                                                         -              2,337           26,463
        Write-off of intangible assets                                                                     632,554
        Extraordinary item                                                               (276,593)
        Change in other operating assets and liabilities
           Deposits                                                                                         (2,000)
           Accounts payable                                            (87,189)            55,717           93,392
           Accrued Fees                                                                                      6,000
           Accrued salaries                                             37,500            (11,712)         (12,500)
                                                                  -------------------------------------------------

              Net cash flows used in operating activities             (161,140)          (105,637)        (772,407)

Cash Flows from Investing Activities
     Purchase of intangible assets                                    (109,950)           (53,783)        (834,963)
     Purchase of equipment                                             (26,654)            (2,779)         (59,830)
                                                                  -------------------------------------------------

              Net cash flows used in investing activities             (136,604)           (56,562)        (894,793)

Cash Flows from Financing Activities
     Debt Conversion to Equity                                                                  -          (34,264)
     Proceeds from issuance of common stock                             31,680                  -          824,105

     Proceeds from stockholder note                                    295,000             53,439          912,316
                                                                  -------------------------------------------------

              Net cash flows from financing activities                 326,680             53,439        1,702,157
                                                                  -------------------------------------------------

              Net increase (decrease) in cash                           28,936           (108,760)          34,957

Cash and cash equivalents, beginning of period                           6,021            121,212                -
                                                                  -------------------------------------------------

Cash and cash equivalents, end of period                          $     34,957      $      12,452      $    34,957
                                                                  =================================================
</TABLE>


                        See Notes to Financial Statements


                                       6

<PAGE>



                       FIRST TRANSACTION MANAGEMENT, INC.
                          NOTES TO FINANCIAL STATEMENTS
                          QUARTER ENDED MARCH 31, 2002

NOTE 1   ORGANIZATION AND DESCRIPTION OF BUSINESS

First Transaction  Management,  formerly named Creative Products  International,
Inc. ("the Company"), is a 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 and coupon  management  merchandising  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 March 31,  2002,  the Company  authorized  the  issuance of a total of 99,000
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.


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.
Management seeks to finance the continued development of its business through
strategic partnerships, financial investors or sale of the company.


                                       7

<PAGE>

Results of Operations:  Comparison of the Fiscal Quarter Ended March 31, 2001 to
the Fiscal Quarter Ended March 31, 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 March 31, 2002
were $126,262 as compared to $151,776 during the prior  comparable  period ended
2000;  a 17%  decrease.  Administrative  costs  decreased  slightly  during  the
comparable  fiscal  quarters from $115,655 to $111,253,  a 4% decrease.  General
administrative costs include office expenses,  maintaining public filings, staff
salaries and benefits.  Depreciation  and amortization  decreased  slightly from
$6,743  during  the  fiscal  quarter  ended  2001  to  $5,697;  a 16%  decrease.
Professional  fees associated  primarily with accounting and legal  organization
needs decreased from $18,555 to $9,312 in the comparable fiscal quarters;  a 50%
decrease.  During the  fiscal  quarter  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 $9,102
during the fiscal quarter ended 2002. This compares to $5,158 of accrued, but
unpaid total interest expense during the fiscal quarter ended 2001; an increase
of 76%. 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 $18,216, primarily associated with reduction and
forgiveness of certain administrative accounts payable.

As a  result  of  the  foregoing,  the  Company  generated  a  net  loss  before
extraordinary item of $156,385 during the fiscal quarter ended March 31, 2001 as
compared to a net loss of $117,148;  a 25% reduction from the prior period.  The
comparable net profit, after extraordinary item for the fiscal period ended 2001
was $120,208 as compared to a net loss of $117,148.  The average  weighted  loss
per share before  extraordinary item during the 2001 period was $.07 as compared
to an average  weighted  loss per share during the  comparable  fiscal period of
$.02 per share.  The net loss per share for the fiscal quarter ended March 2001,
including the affects of the extraordinary item was $.12 per share.

Liquidity

The  Company's  liquidity and capital  resources at March 31, 2002  consisted of
cash of  approximately  $35,000  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  $619,970.  As of March 31,  2002,  the
Company's outstanding principal balance to an officer and director was $573,413.

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 March 31, 2002, $573,413 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.

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.



                                       8

<PAGE>

                                   SIGNATURES

In accordance  with the  requirements  of Section 13 or 15(d) of the  Securities
Exchange  Act of 1934,  the  registrant  caused  this report to be signed on its
behalf by the undersigned,  thereunto duly  authorized,  in the City of Seattle,
Washington, on May 17, 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           5-17-02



                                       9