UNITED STATES















|(Mark One)                                                             
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|[X]                                                                    
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|                                                                       
|                                                                       
|                                                                       
|[  ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
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|000-31469               
|------------------------
|(Commission file number)





|Medical International Technology, Inc.                           
|-----------------------------------------------------------------
|(Exact name of small business issuer as specified in its charter)





|Colorado                         
|---------------------------------
|(State or other jurisdiction     
|of incorporation or organization)





|84-1509950         
|-------------------
|(IRS Employer      
|Identification No.)





|2281 Guenette                           
|----------------------------------------
|Ville Saint-Laurent                     
|Montreal, Quebec, Canada HR4 2E9        
|(Address of principal executive offices)





|(514) 339-9355             
|---------------------------
|(Issuer's telephone number)





|                                                                                  
|----------------------------------------------------------------------------------
|(Former name, former address and former fiscal year, if changed since last report)



[X]



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.



The number of shares outstanding of each of the issuer's classes of common equity as of December 31, 2002 - 18,236,800 shares of common stock



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

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|           |                                                             | Page  
|---------- | ----------------------------------------------------------- | ------
|           |                                                             | Number
|           |                                                             |       
|PART I.    | FINANCIAL INFORMATION                                       |       
|           |                                                             |       
|Item 1.    | Financial Statements                                        |       
|           |                                                             |       
|           | Independent Auditor's Review Report                         | 3     
|           |                                                             |       
|           | Consolidated Balance Sheet, December 31, 2002 (unaudited)   | 4     
|           |                                                             |       
|           | Consolidated Statements of Operations,                      |       
|           | three months ended December 31, 2002 and 2001 (unaudited)   | 5     
|           |                                                             |       
|           | Consolidated Statements of Cash Flows,                      |       
|           | three months ended December 31, 2002 and 2001 (unaudited)   | 6     
|           |                                                             |       
|           | Notes to Financial Statements                               | 7     
|           |                                                             |       
|Item 2.    | Management's Discussion and Analysis of Financial Condition |       
|           | and Plan of Operations                                      | 9     
|           |                                                             |       
|Part II.   | OTHER INFORMATION                                           |       
|           |                                                             |       
|Item 1.    | Legal Proceedings                                           | 10    
|           |                                                             |       
|Item 2.    | Change in Securities and Use of Proceeds                    | 10    
|           |                                                             |       
|Item 3.    | Defaults Upon Senior Securities                             | 10    
|           |                                                             |       
|Item 4.    | Submission of Matters to a Vote of Security Holders         | 10    
|           |                                                             |       
|Item 5.    | Other Information                                           | 10    
|           |                                                             |       
|Item 6.    | Exhibits and Reports on Form 8-K                            | 10    
|           |                                                             |       
|SIGNATURES | 11                                                         



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PART I.  FINANCIAL INFORMATION



ITEM 1.  Financial Statements









|To the Board of Directors             
|--------------------------------------
|Medical International Technology, Inc.



We have reviewed the accompanying balance sheet of Medical International Technology, Inc as of December 31, 2002, and the related statements of operations and cash flows for the three-month periods ended December 31, 2002 and 2001. These financial statements are the responsibility of the Companys management.

We conducted our reviews in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to the financial data and making inquiries of persons responsible for financial and accounting matters.  It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole.  Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the financial statements referred to above for them to be in conformity with generally accepted accounting principles.





|ss/ Jonathon P. Reuben CPA 
|---------------------------
|                           
|Jonathon P. Reuben,        
|Certified Public Accountant
|February 14, 2002          





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Medical International Technology, Inc.



Consolidated Balance Sheet





|                                                                 | December 31, 2002      
|---------------------------------------------------------------- | -----------------------
|                                                                 |                        
|Assets                                                           |                        
|Current Assets                                                   |                        
|Cash and cash equivalents                                        | $                      
|Accounts receivable                                              |                        
|Inventories                                                      |                        
|Receivable from related parties                                  |                        
|Research tax credit receivable                                   |                        
|Other receivables                                                |                        
|Prepaid expenses                                                 | 11,773                 
|Total Current Assets                                             | 308,307                
|                                                                 |                        
|Property and Equipment                                           |                        
|Tooling and machinery                                            |                        
|Furniture and office equipment                                   |                        
|Leasehold improvements                                           | 19,025                 
|                                                                 |                        
|Less accumulated depreciation                                    | (36,405)               
|                                                                 | 206,547                
|                                                                 |                        
|Intangible Assets                                                |                        
|Patents (net accumulated amortization of $273)                   | 1,985                  
|Total Assets                                                     | $               516,839
|                                                                 |                        
|Liabilities and Stockholders' Equity                             |                        
|Current Liabilities                                              |                        
|Accounts payable                                                 | $                      
|Accrued expenses                                                 |                        
|Taxes payable                                                    |                        
|Loans payable - related parties                                  |                        
|Current portion of long-term debt                                | 171,441                
|Total Current Liabilities                                        |                        
|                                                                 |                        
|Long-term debt                                                   | 250,560                
|                                                                 |                        
|Total Liabilities                                                |                        
|Redeemable Class E Stock                                         |                        
|Stockholders' Equity                                             |                        
|Common Stock, $.0001 par value; 33,000,000 shares authorized     |                        
|issued and outstanding 18,236,800 shares as of December 31, 2002 |                        
|Additional paid-in capital                                       |                        
|Retained deficit                                                 |                        
|Other comprehensive income (loss)                                | 516                    
|Total Stockholders' Equity                                       | (72,310)               
|                                                                 |                        
|Total Liabilities and Stockholders' Equity                       | $               516,839









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Medical International Technology, Inc.



Consolidated Statements of Operations





|                                              |                             | For the Three Months Ended 
|--------------------------------------------- | --------------------------- | ---------------------------
|                                              | December 31, 2002           | December 31, 2001          
|                                              |                             | (Unaudited)                
|                                              |                             |                            
|Sales                                         | $                           | 126,464                    
|Cost of sales                                 | (62,797)                    | (6,316)                    
|Gross profit                                  |                             | 63,667                     
|                                              |                             |                            
|Research and development costs                |                             | -                          
|Selling, general, and administrative expenses | (143,928)                   | (121,396)                  
|                                              |                             |                            
|Net Income (loss) from operations             |                             | (80,261)                   
|                                              |                             |                            
|Other income (expense)                        |                             |                            
|Interest income                               |                             | 517                        
|Interest expense                              | (8,996)                     | (3,105)                    
|                                              |                             |                            
|Net loss                                      | $                (88,740)   | $              (186,445)   
|                                              |                             |                            
|Basic (Loss) Per Share                        | $                    (0.00) | $                    (0.01)
|                                              |                             |                            
|Basic weighted average shares outstanding     | 18,219,191                  | 18,063,802                 









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Medical International Technology, Inc.



Consolidated Statements of Cash Flows





|                                                             |                                  | For the Three Months Ended       |            
|------------------------------------------------------------ | -------------------------------- | -------------------------------- | -----------
|                                                             | December 31, 2002                | December 31, 2001               
|                                                             |                                  | (Unaudited)                      | (Unaudited)
|                                                             |                                  |                                  |            
|Cash Flows from Operating Activities                         |                                  |                                  |            
|Net Loss                                                     | $                                | (88,740)                         | $          
|Adjustments to reconcile net loss to net cash                |                                  |                                  |            
|provided by operating activities:                            |                                  |                                  |            
|Depreciation and amortization expense                        |                                  | 9,408                            |            
|Common stock issued for legal services                       |                                  | 2,000                            |            
|Accrued interest expense on indebtedness                     |                                  | 8,035                            |            
|(Increase) Decrease in Assets                                |                                  |                                  |            
|(Increase) decrease in accounts receivable                   |                                  | (33,942)                         |            
|(Increase) decrease in receivable from taxing authorities    |                                  | -                                |            
|(Increase) decrease in inventories                           |                                  | 11,852                           |            
|(Increase) decrease in prepaid expenses                      |                                  | -                                |            
|Increase (Decrease) in Liabilities                           |                                  |                                  |            
|(Decrease) in unearned income                                |                                  | (43,800)                         |            
|Increase (decrease) in accounts payable and accrued expenses | 18,098                           | 29,130                          
|                                                             |                                  |                                  |            
|Net cash used in operating activities                        | (117,089)                        | (162,423)                       
|                                                             |                                  |                                  |            
|Cash Flows from Investing Activities                         |                                  |                                  |            
|Equipment acquisition                                        | -                                | (2,179)                         
|                                                             |                                  |                                  |            
|Net cash provided (used) in investing activities)            | -                                | (2,179)                         
|                                                             |                                  |                                  |            
|Cash Flows from Financing Activities                         |                                  |                                  |            
|Gross proceeds from private offerings                        |                                  |                                  |            
|Advances from related parties                                |                                  | 282,860                          |            
|Principal reduction on related party loans                   |                                  | (166,702)                        |            
|Advances to related parties - other                          |                                  |                                  |            
|Principal reduction on small business loan                   | (3,324)                          | (3,297)                         
|                                                             |                                  |                                  |            
|Net cash provided by financing activities                    | 112,834                          | 90,722                          
|                                                             |                                  |                                  |            
|Effect of exchange rates on cash                             | (97)                             | (1,469)                         
|                                                             |                                  |                                  |            
|Net Increase (Decrease) in Cash and Cash Equivalents         |                                  | (4,352)                          |            
|                                                             |                                  |                                  |            
|Beginning Balance - Cash and Cash Equivalents                | 41,104                           | 377,102                         
|                                                             |                                  |                                  |            
|Ending Balance - Cash and Cash Equivalents                   | $                 36,752         | $               301,753         
|                                                             |                                  |                                  |            
|Supplemental Information:                                    |                                  |                                  |            
|Cash Paid For:                                               |                                  |                                  |            
|Interest Expenses                                            | $                              - | $                              -
|Income Taxes                                                 | $                              - | $                              -









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Medical International Technology, Inc.



Notes to Unaudited Consolidated Financial Statements



Note 1  Basis of Presentation



Interim Financial Statements



The accompanying unaudited consolidated financial statements are presented in accordance with the requirements for Form 10-QSB and Article 10 of Regulation S-X and Regulation S-B. Accordingly, they do not include all the disclosures normally required by generally accepted accounting principles.  Reference should be made to the Medical International Technology, Inc. (the "Company") Form 10-KSB for the year ended September 30, 2002, for additional disclosures including a summary of the Company's accounting policies, which have not significantly changed.



a.



Principles of consolidation



The accompanying financial statements include the accounts and transactions of Medical International Technology, Inc. and its wholly owned subsidiary, 4063732 Canada, Inc. Intercompany transactions and balances have been eliminated in consolidation.



b.



Foreign Currency Translations



The Company operates out of its offices in Montreal, Canada and maintains its books and records in Canadian Dollars. The financial statements herein have been converted into U.S. Dollars. For foreign operations whose functional currency is the local foreign currency, balance sheet accounts have been translated at exchange rates in effect at the end of the year and income statement accounts have been translated at average exchange rates for the year. Translation gains and losses are included as a separate component of stockholders equity.



c.



Inventories



Inventories are stated at the lower of cost determined by the FIFO method or market.



d.



Property and Equipment



The cost of property and equipment is depreciated over the estimated useful lives of the related assets, which range from 5 to 7 years. Depreciation is computed on the straight-line method for financial reporting purposes and on the declining balance method for income tax reporting purposes. Depreciation expense for the three months ended December 31, 2002 and 2001 were $9,302, and $3,777, respectively.



e.



Intangible assets



Patents received in the merger of 4063732 Canada, Inc. are being amortized over their respective remaining lives ranging from 9.5 years through 17 years. Amortization expense for the three months ended December 31, 2002 and 2001 were $106, and $30, respectively.



Intangible assets consist of the following:





|        |        |              | December 31, 2002 |         |            |      
|------- | ------ | ------------ | ----------------- | ------- | ---------- | -----
|        |        |              |                   |         |            |      
|        |        | Gross        |                   |         |            | Net  
|        |        | Intangible   | Accumulated       |         | Intangible | Life 
|        | Assets | Amortization | Assets            | (Years)
|Patents | $      | 2,258        | $                 | 273     | $          | 1,985
|        |        |              |                   |         |            |      
|        |        |              | December 31, 2001 |         |            |      
|        |        |              |                   |         |            |      
|        |        | Gross        |                   |         |            | Net  
|        |        | Intangible   | Accumulated       |         | Intangible | Life 
|        | Assets | Amortization | Assets            | (Years)
|Patents | $      | 2,238        | $                 | 49      | $          | 2,189





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Medical International Technology, Inc.



Notes to Unaudited Consolidated Financial Statements(continuation)



e.



Intangible assets(continuation)



Estimated amortization expense for each of the next five years ended December 31, is as follows:





|2003  | $            | 186
|----- | ------------ | ---
|2004  | $            | 186
|2005  | $            | 186
|2006  | $            | 186
|2007  | $        186
|Total | $            | 930



f.



Net Loss Per Share



The Company adopted the provisions of Statement of Financial Accounting Standards (SFAS) No. 128, Earnings Per Share (EPS) that established standards for the computation, presentation and disclosure of earnings per share, replacing the presentation of Primary EPS with a presentation of Basic EPS.



g.



Issuances Involving Non-cash Consideration



All issuances of the Companys stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received whichever is more readily determinable.



h.



Cash and Cash Equivalents



For purpose of the statements of cash flows, the Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less.



i.



Use of Estimates



The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.



j.



Income Taxes



The Company accounts for its income taxes under the provisions of Statement of Financial Accounting Standards 109 ("SFAS 109").  The method of accounting for income taxes under SFAS 109 is an asset and liability method.  The asset and liability method requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities.



k.



Fair Value of Financial Instruments



Pursuant to SFAS No. 107, Disclosures About Fair Value of Financial Instruments, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of September 30, 2002.  The Company considers the carrying value of such amounts in the financial statements to approximate their face value.



l.



Revenue Recognition



The Company recognizes revenue when the related product is shipped to the respective customer.



Note 2  Notes Payable



During the three-months ended December 31, 2002, two shareholders made advances to the Company totaling $281,675. These advances are evidenced by unsecured promissory notes that are assessed interest at an annual rate of 12%. During the same three-month period, the Company repaid $124,977.





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Item 2. Management's Discussion and Analysis of Financial Condition and Plan of Operations



This statement may include projections of future results and forward looking statements as that term is defined in Section 27A of the Securities Act of 1933 as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act).  All statements that are included in this Quarterly Report, other than statements of historical fact, are forward looking statements.  Although management believes that the expectations reflected in these forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.



Financial Summary



Results of Operations for the Three-Months Ended December 31, 2001

The majority of the net loss from operations of $184,142 is comprised of selling, general and administrative expenses of $121,396, and research and development costs of $64,325.

Results of Operations for the Three-Months Ended December 31, 2002

The majority of the net loss from operations of $80,261 is comprised of selling, general and administrative expenses of $143,928; which was somewhat compensated for through sales of $126,464, which yielded gross profits from sales of $63,667 after deducting cost of sales.

Liquidity and Capital Resources

For the Three-Months ended December 31, 2001.

During the three-month period ended December 31, 2001, the Companys cash position decreased by $75,349. Primary factors to realizing this decrease included the Company's use of $162,423 in its operations and net cash from financing activities of $90,722.

For the Three-Months ended December 31, 2002.

During the three-month period ended December 31, 2002, the Companys cash position decreased by $4,352. The Company used $117,089 in its operations and realized $112,834 from financing activities.



Management Plan of Operations



Medical International Technology, Inc. is receiving revenue from sales related to product distribution agreements entered into on September 24, 2002 with WLT Distributors Inc. Under the terms of these several agreements, which cover distribution for each of the Canadian provinces and the State of Montana in the USA, WLT Distributors Inc. makes an advance payment for products ordered and conducts sales and distribution in the defined territories based upon established minimum sales quotas. Medical International Technology expects revenues from sales will meet liquidity requirements for the next 12-month period at the current level of operations. Expanded operations may require additional capital from either a future equity offering or other methods of financing.

Management intends to continue current operations levels, review and evaluate sales achievements, and negotiate or adjust sales objectives for each territory to maintain or grow profitability. Revenues from sales are currently exceeding the minimum levels required by the distribution agreements.  Management is currently negotiating agreements covering the United States and other distribution territories worldwide. MIT plans to promote its needle-free injectors at important exhibitions worldwide in 2003.

Distribution agreements as referenced herein are those as discussed in Medical International Technology's annual report on Form 10-KSB filed January 22, 2003 with the Securities and Exchange Commission, wherein such agreements were included as exhibits.





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Part II. OTHER INFORMATION





|Item 1. | Legal Proceedings                                  
|------- | ---------------------------------------------------
|        | None                                               
|        |                                                    
|Item 2. | Change in Securities and Use of Proceeds           
|        | None                                               
|        |                                                    
|Item 3. | Defaults Upon Senior Securities                    
|        | None                                               
|        |                                                    
|Item 4. | Submission of Matters to a Vote of Security Holders
|        | Not applicable                                     
|        |                                                    
|Item 5. | Other Information                                  
|        | None                                               



Item 6. Exhibits and Reports on Form 8-K



Reports on Form 8-K



Medical International Technology, Inc. includes herein, by reference, those portions of the Company's Annual Report on Form 10-KSB for the fiscal year ending September 30, 2002; filed with the Securities and Exchange Commission on January 22, 2003. Such Annual Report on Form 10-KSB includes disclosure of the following Reports on Form 8K:

On October 2, 2002, the company filed a report on Form 8K disclosing our Board of Directors, through our wholly owned subsidiary, 4063732 Canada and president, approved and executed an Asset Purchase and Sale Agreement (completed September 18, 2002) with Medical International Technology, Inc., a corporation incorporated under the laws of Canada, having its head office at 2281 Guenette Street, St. Laurent, Quebec, H4R 2E9, Canada.

On January 16, 2003, the company filed a report on form 8-K/a disclosing a Change in Registrant's Certifying Accountant; as occurring January 6, 2003.



Exhibits



Medical International Technology includes herewith the following exhibit.





|99.1 | Certification of Principal Accounting Officer pursuant to 
|---- | ----------------------------------------------------------
|     | 18 U.S.C. Section 1350, as adopted pursuant to Section 906
|     | of the Sarbanes-Oxley Act of 2002.                        





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SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



Medical Technologies International, Inc.





|By:  /s/ Karim Menassa, President
|---------------------------------
|Karim Menassa, President         



Date:  February 18, 2003





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