<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                 Quarterly Report Under Section 13 or 15 (d) of
                         Securities Exchange Act of 1934

                       For Period ended December 31, 2000
                         Commission File Number 0-30579

                                 WHISTLER, INC.
         ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


<TABLE>
<S>                                       <C>
        DELAWARE                                     52-2209378
------------------------                  ------------------------------------
(State of Incorporation)                  (I.R.S. Employer Identification No.)
</TABLE>

                    12740 Vigilante Road, Lakeside, CA 92040
 -------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                 (619) 692-2176
                               -------------------
              (Registrant's telephone number, including area code)


Indicate by check mark 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), and (2) has been subject to such filing
requirements for the past 90 days.

          Yes     [X]                  No       [ ]


Indicate the number of shares outstanding of each of the issuer's classes of
common stock at the latest practicable date.

As of December 31, 2000, the registrant had 8,874,000 shares of common stock,
$.001 par value, issued and outstanding.



<PAGE>   2

PART 1 FINANCIAL INFORMATION

ITEM 1: FINANCIAL STATEMENTS


                                 WHISTLER, INC.
                         (a Development Stage Company)
                                 BALANCE SHEETS
                                    UNAUDITED

                                     ASSETS

<TABLE>
<CAPTION>

                                                       9 Months     Year
                                                        Ended       Ended
                                                       12/31/00    3/31/00
                                                       --------    -------
<S>                                                    <C>         <C>
CURRENT ASSETS
                                                       -------     ------
     CASH                                                   89      8,400
                                                       -------     ------
TOTAL CURRENT ASSETS                                        89      8,400
FIXED ASSETS
                                                       -------     ------
NET FIXED ASSETS                                             0          0
OTHER ASSETS
     ORGANIZATION COSTS                                      0          0
     LESS AMORTIZATION                                       0          0
                                                       -------     ------
TOTAL OTHER ASSETS                                           0          0
                                                       -------     ------
TOTAL ASSETS                                                89      8,400
                                                       =======     ======

                    LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
                                                       -------     ------
TOTAL CURRENT LIABILITIES                                    0          0
LONG TERM LIABILITIES
                                                       -------     ------
TOTAL LONG TERM LIABILITIES                                  0          0
                                                       -------     ------
TOTAL LIABILITIES                                            0          0
STOCKHOLDERS' EQUITY

     COMMON STOCK - $.001 par value                      8,874      8,874
     20,000,000 shares authorized,
     8,874,000 issued and outstanding
     at 12/31/00 and 8,874,000 issued
     and outstanding at 3/31/00

     ADDITIONAL PAID IN  CAPITAL                         8,526      8,526
     BEGINNING RETAINED DEFICIT                         -9,000     -9,000
     NET LOSS                                           -8,311          0
                                                       -------     ------
     ENDING RETAINED DEFICIT                           -17,311     -9,000
                                                       -------     ------
TOTAL STOCKHOLDERS' EQUITY                                  89      8,400
                                                       -------     ------
TOTAL LIAB & STOCKHOLDERS' EQUITY                           89      8,400
                                                       =======     ======
</TABLE>

                       SEE NOTES TO FINANCIAL STATEMENTS



<PAGE>   3

FINANCIAL STATEMENTS (continued)


                                 WHISTLER, INC.
                            STATEMENTS OF OPERATIONS
                          (a Development Stage Company)
                                    UNAUDITED

<TABLE>
<CAPTION>
                                                                                                                           5/31/94
                                          3 Months    3 Months                                  Year          Year       (Inception)
                                           Ended       Ended        YTD           YTD           Ended         Ended          To
                                          12/31/00    12/31/99    12/31/00      12/31/99       3/31/00       3/31/99      12/31/00
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
<S>                                       <C>         <C>         <C>           <C>           <C>           <C>           <C>
REVENUE
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
TOTAL REVENUE                                     0           0           0             0             0             0             0
DIRECT COSTS
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
TOTAL COST OF GOODS SOLD                          0           0           0             0             0             0             0
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
GROSS PROFIT                                      0           0           0             0             0             0             0
EXPENSES
GENERAL, SELLING, AND ADMINISTRATIVE             60           0       8,311             0             0             0        17,311
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
TOTAL OPERATING EXPENSES                         60           0       8,311             0             0             0        17,311
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
LOSS FROM OPERATIONS                            -60           0      -8,311             0             0             0       -17,311
OTHER INCOME & EXPENSE
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
TOTAL OTHER INCOME & EXPENSE                      0           0           0             0             0             0             0
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
LOSS BEFORE TAXES                               -60           0      -8,311             0             0             0       -17,311
                                          ---------   ---------   ---------     ---------     ---------     ---------     ---------
NET LOSS                                        -60           0      -8,311             0             0             0       -17,311
                                          =========   =========   =========     =========     =========     =========     =========

NET LOSS PER SHARE                              NIL         NIL     -0.0009           NIL           NIL           NIL       -0.0020

WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING                 8,874,000   8,874,000   8,874,000     8,874,000      8,874,000    8,874,000     8,874,000
</TABLE>


                       SEE NOTES TO FINANCIAL STATEMENTS



<PAGE>   4

FINANCIAL STATEMENTS (continued)


                                 WHISTLER, INC.
                            STATEMENTS OF CASH FLOWS
                          (a Development Stage Company)
                                    UNAUDITED

<TABLE>
<CAPTION>
                                                                                                                        5/31/94
                                          3 Months     3 Months                                 Year         Year      (Inception)
                                            Ended       Ended         YTD           YTD         Ended        Ended         To
                                          12/31/00     12/31/99     12/31/00      12/31/99     3/31/00      3/31/99     12/31/00
                                          --------     --------     --------      --------     -------      -------     --------
<S>                                       <C>          <C>          <C>           <C>          <C>          <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES
     NET LOSS                                  -60            0       -8,311            0            0            0      -17,311
ADJ TO RECONCILE NET LOSS TO NET
CASH PROVIDED BY OPERATING ACTIVITIES
     ISSUE COMMON STOCK                          0            0            0            0            0            0        9,000
                                             -----        -----       ------        -----        -----        -----      -------
NET CASH USED IN OPERATING ACTIVITIES          -60            0       -8,311            0            0            0       -8,311
CASH FLOWS FROM INVESTING ACTIVITIES             0            0            0            0            0            0            0
CASH FLOWS FROM FINANCING ACTIVITIES             0            0            0            0            0            0        8,400
                                             -----        -----       ------        -----        -----        -----      -------
NET INCREASE (DECREASE)                        -60            0       -8,311            0            0            0           89
CASH BEGINNING OF PERIOD                       149        8,400        8,400        8,400        8,400        8,400            0
                                             -----        -----       ------        -----        -----        -----      -------
CASH END OF PERIOD                              89        8,400           89        8,400        8,400        8,400           89
</TABLE>


                       SEE NOTES TO FINANCIAL STATEMENTS




<PAGE>   5

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

1.      MANAGEMENT'S OPINION

In the opinion of management, the accompanying financial statements contain all
adjustments necessary to present fairly the financial position of the company as
of December 31, 2000 and 1999, and the results of operations and cash flows for
the nine months ended December 31, 2000 and 1999, and the two years ended March
31, 2000 and 1999, and the period May 31, 1994 (Inception) to December 31, 2000.
The accompanying financial statements have been adjusted as of December 31, 2000
as required by Item 310 (b) of Regulation S-B to include all adjustments which
in the opinion of Management are necessary in order to make the financial
statements not misleading.

2.      INTERIM REPORTING

The results of operations for the nine months ended December 31, 2000 and 1999,
are not necessarily indicative of the results to be expected for the remainder
of the year.

3.      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Organization and Nature of Operations

The Company was incorporated in Delaware on May 31, 1994. The Company is a
development stage company and has not conducted any business activities to date.

The Company has selected March 31st as its fiscal year end.

4.      Basis of Accounting

The Company's policy is to use the accrual method of accounting and to prepare
and present financial statements which conform to generally accepted accounting
principles. The preparation of financial statements in conformity with generally
accepted accounting principles 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 reported amounts of revenues and expenses during the reporting
periods. Actual results could differ from those estimates.

5.      Cash and equivalents

For purpose of the statements of cash flows, all highly liquid investments with
a maturity of six months or less are considered to be cash equivalents. There
were no cash equivalents as of December 31, 2000.



<PAGE>   6

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS


6.      Income Taxes

Income taxes are provided for using the liability method of accounting in
accordance with Statement of Financial Accounting Standards No. 109 (SFAS 109),
"Accounting for Income Taxes." A deferred tax asset or liability is recorded for
all temporary differences between financial and tax reporting. Deferred tax
expense (benefit) results from the net change during the year of deferred tax
assets and liabilities.


PART 1     FINANCIAL INFORMATION

Management's Plan of Operations

The Company maintains a cash balance sufficient to sustain corporate operations
until such time as Management can raise the funding necessary to advance its
business plan. The losses of $8311 through December 2000 were due to operating
expenses including audit fees, office expenses and licenses and fees. Sales of
the Company's equity securities have allowed the Company to maintain a positive
cash flow balance.

The business plan requires the Company during the first two quarters to raise
capital of $10,000,000 through the sale of common stock in a private placement.
During the fourth quarter, after raising capital, the Company intends to utilize
subcontract manufacturers in California to begin production of its proprietary
grease and food waste recycling system for sale in California. The Company
intends to expend $2,500,000 for subcontractor production of its proprietary
grease and food waste recycling system, $100,000 for a marketing manager,
$90,000 for two salesmen, $30,000 for two office clerical employees, $20,000 for
set-up and maintenance of the Company's web site, $500,000 for advertising,
$50,000 for purchase of computers and fixed assets, and $75,000 for rent and
other operating expenses.

Management has made initial progress in implementing its business plan by
obtaining an exclusive licence for the use of the grease and food by-products
reprocessing system proprietary design, registering its Internet domain name
greaserecyle.com on the Internet, and opening its own web page on the Internet.
The Company will only be able to continue to advance its business plan after it
receives capital funding through the sale of equity securities. After raising
capital, Management intends to hire employees, rent commercial space in
Lakeside, California, and begin production and marketing of its trade secret
grease and food waste reprocessing product. The Company intends to use its
equity capital to fund the Company's business plan during the next twelve months
as cash flow from sales is not estimated to begin until year two of its business
plan.



<PAGE>   7

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

The Company will face considerable risk in each of its business plan steps, such
as difficulty of hiring competent personnel within its budget, longer than
anticipated time for subcontractors to manufacture its trade secret grease and
food waste reprocessing product, and a shortfall of funding due to the Company's
inability to raise capital in the equity securities market. If no funding is
received during the next twelve months, the Company will be forced to rely on
its existing cash in the bank and funds loaned by the directors and officers.
The Company's officers and directors have no formal commitments or arrangements
to advance or loan funds to the Company. In such a restricted cash flow
scenario, the Company would be unable to complete its business plan steps, and
would, instead, delay all cash intensive activities. Without necessary cash
flow, the Company may be dormant during the next twelve months, or until such
time as necessary funds could be raised in the equity securities market.


PART II     OTHER INFORMATION

ITEM 1         Not applicable.

ITEMS 2-4:     Not applicable

ITEM 5:        Information required in lieu of Form 8-K:  None

ITEM 6:        Exhibits and Reports on 8-K:

                        a) No reports on Form 8-K were filed during the
                           fiscal quarter ended December 31, 2000

                                   SIGNATURES
                                -----------------


In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

        Whistler, Inc.


                                    /s/ Daniel Stonesifer
        Dated: January 29, 2001     --------------------------------------------
                                    Daniel Stonesifer
                                    President and Chief Executive Officer