(Mark One)

X...Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended March 31, 2002.

....Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
transition period from _________ to _________.

Commission File No:  0-32059

EASTON, INC.

(Name of small business in its charter)

|Delaware                                       | 59-3516317                        
|---------------------------------------------- | ----------------------------------
|(State or other jurisdiction of Incorporation) | (IRS Employer Identification. No.)

5150 Tamiami Trail North, #202

Naples, FL   34103

(Address of Principal Office)

Issuer's telephone number: 941-430-2222



Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Securities 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 past five years.

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court.  Yes .....  No .....

Applicable only to corporate issuers

State the number of shares outstanding of each of the issuer's classes of common equity, as of the
latest practicable date.  At March 31, 2002, the following shares of common were outstanding:
Common Stock,  par value $.001, 20,007,080 shares.

Transitional Small Business Disclosure Format (Check one):Yes .....     No ..X..

PART 1 - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

(a) 	The unaudited financial statements of registrant for the three months ended March 31
2002, follow.  The financial statements reflect all adjustments which are, in the opinion of
management, necessary to a fair statement of the results for the interim period presented.









|INDEX TO FINANCIAL STATEMENTS: | 
|------------------------------ | 
|                               | 
|Balance Sheet                  | 
|Statement of Operations        | 
|Statements of Cash Flows       | 
|Notes to Financial Statements  | 

|**Easton, Inc.**                         |                                                                         
|---------------------------------------- | ------------------------------------------------------------------------
|**(A Development Stage Company)**        | ****                                                                    
|**Balance Sheet**                        | ****                                                                    
|**As of March 31, 2002**                 | ****                                                                    
|                                         |                                                                         
|                                         |                                                                         
|**ASSETS**                               | ****                                                                    
|                                         |                                                                         
|CURRENT ASSETS                           |                                                                         
|                                         | Cash                                                                    
|                                         | Subscription Receivable                                                 
|                                         |                                                                         
|                                         | Total Current Assets                                                    
|                                         |                                                                         
|                                         |                                                                         
|                                         | TOTAL ASSETS                                                            
|                                         |                                                                         
|                                         |                                                                         
|**LIABILITIES AND STOCKHOLDERS' EQUITY** |                                                                         
|                                         |                                                                         
|                                         |                                                                         
|                                         | STOCKHOLDERS' EQUITY                                                    
|                                         | Common stock - Par value $.001;50,000,000 shares                        
|                                         | shares authorized, 20,007,080 shares issued                             
|                                         | and outstanding                                                         
|                                         | Paid - in capital                                                       
|                                         | Deficit accumulated during the development stage                        
|                                         |                                                                         
|                                         | Total Stockholders' Equity                                              
|                                         |                                                                         
|                                         | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                              
|                                         |                                                                         
|                                         |                                                                         
|                                         | The accompanying notes are an integral part of the financial statements.
|                                         |                                                                         

|**Easton, Inc**                                                                        | **** |                       |      |                   |                   
|-------------------------------------------------------------------------------------- | ---- | --------------------- | ---- | ----------------- | ------------------
|**( A Development stage company )**                                                    | **** |                       |     
|**Statement of Operations**                                                            | **** |                       |      |                   |                   
|**********From the initial period from inception (August 19, 1997) to March 31, 2002**
|                                                                                       |      |                       |      |                   |                   
|                                                                                       |      |                       |      |                   |                   
|                                                                                       |      | For the three         | **** | **For the three** | **From inception**
|****                                                                                   |      | ******months ending** | **** | **months ending** | **08/19/97 to**   
|****                                                                                   |      | ******03/31/02**      | **** | **03/31/01**      | **03/31/02**      
|****                                                                                   |      |                       |      |                   |                   
|                                                                                       |      |                       |      |                   |                   
|REVENUE                                                                                | **** |                       |      |                   |                   
|                                                                                       |      |                       |      |                   |                   
|Sales                                                                                  |      | 0                     |      | 0                 | 0                 
|                                                                                       |      |                       |      |                   |                   
|Cost of Sales                                                                          |      | 0                     |      | 0                 | 0                 
|                                                                                       |      |                       |      |                   |                   
|Gross Profit                                                                           |      | 0                     |      | 0                 | 0                 
|                                                                                       |      |                       |      |                   |                   
|**EXPENSES**                                                                           | **** |                       |      |                   |                   
|                                                                                       |      |                       |      |                   |                   
|Selling, general                                                                       |      |                       |      |                   |                   
|and administrative                                                                     |      | 2,898                 |      | 0                 | 26,939            
|Provision for income tax                                                               |      | 0                     |      |                   |                   
|                                                                                       |      |                       |      |                   |                   
|Total Expenses                                                                         |      | 2,898                 |      | 0                 | 26,939            
|                                                                                       |      |                       |      |                   |                   
|NET LOSS                                                                               |      | (2,898)               |      | 0                 | (26,939)          
|                                                                                       |      |                       |      |                   |                   
|                                                                                       |      |                       |      |                   |                   
|Balance                                                                                |      |                       |      |                   |                   
|End of period                                                                          |      | (2,898)               |      | 0                 | (26,939)          
|                                                                                       |      |                       |      |                   |                   
|Net loss per share                                                                     |      | 0.0001932             |      | 0.0000            |                   
|                                                                                       |      |                       |      |                   |                   
|Weighted average number                                                                |      |                       |      |                   |                   
|of shares outstanding                                                                  |      | 15,003,540            |      | 3,602,183         |                   
|                                                                                       |      |                       |      |                   |                   
|                                                                                       |      |                       |      |                   |                   

|Easton, Inc.                                                                       |                                                |                     |                   |                     |                    
|---------------------------------------------------------------------------------- | ---------------------------------------------- | ------------------- | ----------------- | ------------------- | -------------------
|**(A Development Stage Company)**                                                  | ****                                           |                     |                   |                     |                    
|******Statement of Cash Flows**                                                    | ****                                           |                     |                   |                     |                    
|******From the initial period from inception (August 19, 1997) to March 31, 2002** | ****                                           |                     |                   |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   |                                                | For the three       | ****              | **For the three**   | ****               
|****                                                                               |                                                | **months ending**   | ****              | **months ending**   | **08/19/97 to**    
|****                                                                               |                                                | **03/31/02**        | ****              | **ending 03/31/01** | **03/31/02**       
|****                                                                               |                                                |                     |                   |                     |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   |                                                |                     |                   |                     |                    
|CASH FLOWS FROM OPERATING ACTIVITIES                                               |                                                |                     |                   |                     |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   | Net Loss                                       | $           (2,898) |                   | 0                   |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   | Adjustment to reconcile net loss               |                     |                   |                     |                    
|                                                                                   | to net cash used by                            |                     |                   |                     |                    
|                                                                                   | operating activities:                          |                     |                   |                     |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   | Increase (Decrease) in Subscription payable    | (6,008)             |                   | 0                   |                    
|                                                                                   | Increase (Decrease) in Subscription receivable | (2,709)             |                   | 0                   |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   | Net cash flows from                            |                     |                   |                     |                    
|                                                                                   | operating activities                           | (11,615)            |                   | 0                   |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   |                                                |                     |                   |                     |                    
|CASH FLOWS FROM FINANCING ACTIVITIES                                               |                                                |                     |                   |                     |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   | Issuance of Common Stock                       | 10,007              |                   | 0                   |                    
|                                                                                   | Additional Paid in Capital                     | 0                   |                   | 0                   |                    
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   | Net cash flows from                            |                     |                   |                     |                    
|                                                                                   | financing activities                           | 10,007              |                   | 0                   |                    
|                                                                                   |                                                |                     |                   |                     |                    
|NET INCREASE (DECREASE) IN CASH                                                    |                                                |                     |                   |                     |                    
|AND CASH EQUIVALENTS                                                               | (1,608)                                        |                     | 0                 |                     | 212                
|                                                                                   |                                                |                     |                   |                     |                    
|CASH AND CASH EQUIVALENTS                                                          |                                                |                     |                   |                     |                    
|BEGINNING OF PERIOD                                                                | 1,820                                          |                     | 42                |                     | 0                  
|                                                                                   |                                                |                     |                   |                     |                    
|CASH AND CASH EQUIVALENTS                                                          |                                                |                     |                   |                     |                    
|END OF PERIOD                                                                      | $               212                            |                     | $              42 |                     | $               212
|                                                                                   |                                                |                     |                   |                     |                    
|                                                                                   |                                                |                     |                   |                    
|The accompanying notes are an integral part of the financial statements.           |                                                |                     |                   |                    
|                                                                                   |                                                |                     |                   |                     |                    

Easton, Inc.

**(A Development Stage Company)**

**********Notes to Financial Statements**

********

**Note 1 - Organization and Summary of Significant Accounting Policies**

***Organization:***

On August 19, 1997 Easton, Inc. (A Development Stage Company) (" the Company") was
incorporated under the laws of Delaware.  The company may engage in any business, which is
permitted by the General Corporation Law of Delaware.

***Development Stage:***

The Company is currently in the development stage and has no significant operations to date.

However, as of February 15, 2002, the Company entered into an Agreement for Share Exchange with
Bancorp Intertrade Group, Inc., a Nevada corporation ("Bancorp"), pursuant to which it agreed to
acquire all of the issued and outstanding common stock of Bancorp solely in exchange for the
issuance of shares of the Company's common stock.  As of February 15, 2002, the principal
shareholders of the Company also entered into a Stock Purchase Agreement pursuant to which they
agreed to sell 80% of the Company's issued and outstanding common stock to certain purchasers
designated by Bancorp.   The closing under the Stock Purchase Agreement is a condition precedent
to closing under the Agreement for Share Exchange.

***Income Taxes:***

Income taxes are provided for the tax effects of transactions reported in the financial statements and
consist of taxes currently due plus deferred taxes related primarily to differences between the
recorded book basis and tax basis of assets and liabilities for financial and income tax reporting.  The
deferred tax assets and liabilities represent the future tax return consequences of those differences,
which will either be taxable or deductible when the assets and liabilities are recovered or settled.
Deferred taxes are also recognized for operating losses that are available to offset future taxable
income and tax credits that are available to offset federal income taxes.

Based upon the company generating a loss no provision has been made for Federal Income taxes.



***Statement of Cash Flows:***

For purposes of the statement of cash flows, the Company considers demand deposits and highly
liquid-debt instruments purchased with maturity of three months or less to be cash equivalents.

Cash paid for interest and taxes in the period ended  was $ - 0 -.

***Net (Loss) Per Common Share:***

The net (loss) per common share is computed by dividing the net (Loss) for the period by number
of shares outstanding at March 31, 2002.

**Note 2 - Capital Stock**

***Common Stock:***

The Company initially authorized 10,000,000 shares of common stock with a par value of $.001
each.  Pursuant to an amendment of the Certificate of Incorporation which was approved during the
quarter but completed following the end of the quarter, the Company increased the number of
authorized shares from 10 million to 105 million, including 100,000,000 shares of $0.001 par value
common stock and 5,000,000 shares of $0.001 par value preferred stock.

The company did not declare any dividends as of March 31, 2002.



**Note 3 - Related Party Events**

****The Company presently maintains its principal office at 5150  N. Tamiami Trial #202, Naples,
Florida, 34103.

**Note 4 - Subsequent Events**

Subsequent to the end of the quarter several events occurred, including (i) the Company amended
its Certificate of Incorporation to increase the number of authorized shares from 10,000,000 shares
of $0.001 par value common stock to 100,000,000 shares of $0.001 par value common stock and
5,000,000 shares of $0.001 par value preferred stock, (ii) the Company completed a recapitalization
plan pursuant to which the number of issued and outstanding shares was reduced from 10,000,000
to 4, 001,416, (iii) the principal shareholders completed the closing under a Stock Purchase
Agreement dated February 15, 2002, pursuant to which they sold  a total of 3,201,132 shares, or 80%
of the Company's issued and outstanding common stock, to purchasers designated by Bancorp
Intertrade Group, Inc., a Nevada corporation, and (iv) the Company completed closing under an
Agreement for Share Exchange dated February 15, 2002, pursuant to which the Company acquired
all of the issued and outstanding common stock of Bancorp Intertrade Group, Inc., solely in exchange
for the issuance of 10,000 shares of the Company's $0.001 par value common stock.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Liquidity and Capital Resources

As of March 31, 2002, the Company remains in the development stage.  Since inception, it
has experienced no significant change in liquidity or capital resources or stockholder's equity other
than the receipt of proceeds in the amount of $9,853 from its inside capitalization funds.
Consequently, for the period ended March 31, 2002, the Company's balance sheet reflects current
and total assets of $2,921 which is partly in the form of cash, and partly in the form of a subscription
receivable.  The Company has current liabilities of $0.

The Company does not have sufficient assets or capital resources to pay its on-going
expenses while it is seeking out business opportunities, and it has no current plans to raise additional
capital through sale of securities, or otherwise.  As a result, although the Company has no agreement
in place with its shareholders or other persons to pay expenses on its behalf, it is currently anticipated
that the Company will rely on loans or additional capital contributions from shareholders or to pay
expenses at least until it is able to consummate a business transaction.

Results of Operations

During the period from August 19, 1997 (inception) through March 31, 2002, the Company
has engaged in no significant operations other than organizational activities, acquisition of capital
and preparation and filing of its registration statement on Form 10-SB under the Securities Exchange
Act of 1934, as amended, compliance with its periodical reporting requirements and initial efforts
to locate a suitable merger or acquisition candidate.   No revenues were received by the Company
during this period.

The Company had no revenue and no expenses. The Company does not expect to generate
any revenue until it completes a business combination, but will incur legal and accounting fees and
other costs associated with compliance with its reporting obligations. As a result, the Company
expects that it will incur losses each quarter at least until it has completed a business combination.
Depending upon the performance of any acquired business, the Company may continue to operate
at a loss even following completion of a business combination.

Plan of Operations

For the fiscal year ending December 31, 2002, and for the succeeding twelve months, the
Company expects to continue its efforts to locate a suitable business acquisition candidate and
thereafter to complete a business acquisition transaction.  The Company anticipates incurring a loss
for the fiscal year as a result of expenses associated with compliance with the reporting requirements
of the Securities Exchange Act of 1934, and expenses associated with locating and evaluating
acquisition candidates. The Company does not expect to generate revenues until it completes a
business acquisition, and, depending upon the performance of the acquired business,  it may also
continue to operate at a loss after completion of a business combination.   The Company expects to
complete the proposed acquisition of Bancorp Intertrade Group, Inc., during the second quarter of
the current fiscal year.

Need for Additional Financing

The Company believes it will require additional capital in order to pay the costs associated
with carrying out its plan of operations and the costs of compliance with its continuing reporting
obligations under the Securities Exchange Act of 1934, as amended, for the fiscal year ending
December 31, 2002 and thereafter.  This additional capital will be required whether or not the
Company is able to complete a business combination transaction during the current fiscal year.
Furthermore, once the proposed business combination with Bancorp Intertrade Group, Inc., is
completed, the Company's needs for additional financing are likely to increase substantially.
However, current Company management is not able to provide information as to the Company's
expected capital needs following completion of the proposed business combination with Bancorp
Intertrade Group, Inc.

No specific commitments to provide additional funds have been made by management or
other stockholders, and the Company has no current plans, proposals, arrangements or
understandings to raise additional capital through the sale or issuance of additional securities prior
to the location of a merger or acquisition candidate.  Accordingly, there can be no assurance that any
additional funds will be available to the Company to allow it to cover itsexpenses.

Subsequent Event

The principal shareholders of the Company  entered into a Stock Purchase Agreement dated
February 15, 2002, with Bancorp Intertrade Group, Inc., a Nevada corporation ("Bancorp"), pursuant
to which persons designated by Bancorp have agreed to purchase approximately 80% of the
Company's issued and outstanding common stock.  As of February 15, 2002, the Company also
entered into an Agreement for Share Exchange with Bancorp pursuant to which the Company agreed
to acquire all of the issued and outstanding common stock of Bancorp in exchange for the issuance
of 10,000 shares of the Company's common stock.

As a condition precedent to closing under both the Stock Purchase Agreement and the
Agreement for Share Exchange, the Company agreed to a recapitalization plan pursuant to
which it reduced the number of issued and outstanding shares of common stock from
10,000,000 to 4,001,416.  The recapitalization was accomplished in two steps.  The first step
was the issuance of a total of 10,007,080 shares of additional common stock to various
subscribers, thereby increasing the issued and outstanding common stock from 10,000,000
shares to 20,007,080.  The second step was a 1:5 reverse stock split which resulted in a
decrease in the issued and outstanding shares from 20,007,080 to 4,001,416.

The closing under the Stock Purchase Agreement was completed on or about April 29,
2002, and resulted in a change in control of the Company.   Following closing under the Stock
Purchase Agreement the Company also completed the closing under the Agreement for Share
Exchange with Bancorp.  For purposes of closing under the Agreement for Share Exchange,
the Company issued a total of 10,000 shares of common stock to acquire all of the issued and
outstanding common stock of Bancorp.  Accordingly, following closing under the Agreement
for Share Exchange, the Company had a total of 4,011,416 shares issued and outstanding and
Bancorp was a wholly-owned subsidiary of the Company.

Bancorp is in the business of facilitating credit and asset enhancements for select
clients.  Among other things, Bancorp has entered into a management and administrative
agreement to organize, process, manage and administer all files, documents, and
correspondence for a  European financial institution.  Bancorp derives revenue from the
payment of fees and through stock ownership in the financial entities it services.  Bancorp is
not a financial or investment advisor.  It does not manage investments, handle securities
transactions or engage in financial transactions on behalf of customers.  Following the
acquisition of Bancorp, the Company remains in the development stage.



PART II - OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS

None.

ITEM 2.	CHANGES 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

On March 22, 2002, a Special Meeting of Shareholders was held at the Company's
offices at 5150 Tamiami Trail North, Suite 202, Naples, Florida  34103.

At the Special Meeting, the shareholders voted to approve an amendment of the
Company's Articles of Incorporation to increase its authorized capital stock from 10,000,000
shares of $0.001 par value common stock  to 100,000,000 shares of $0.001 par value common
stock and to add 5,000,000 shares of $0.001 par value preferred stock.  They also voted to
ratify the prior action by the Board of Directors approving a 1:5 reverse split of the Company's
issued and outstanding common stock.

ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K.

- No exhibits are filed as part of this report.