UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]      Quarterly  Report Under Section 13 or 15(d) of the Securities  Exchange
         Act of 1934

                        For Quarter Ended: June 30, 2001

                                       OR

[]       Transition  Report  Pursuant  to Section 13 or 15(d) of the  Securities
         Exchange Act of 1934


                          Commission File No.000-30951

                            PINECREST SERVICES, INC.
             (Exact name of registrant as specified in its charter)

         Nevada                              67-0695367
 (State of incorporation)        (I.R.S. Employer Identification No.)

                          #584, 3353 South Main Street
                           Salt Lake City, Utah 84115
                                 (801) 323-2395
              (Address and telephone number of principal executive
                    offices and principal place of business)


         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 []

         As of July 27, 2001, the Registrant had a total of 17,000,000 shares of
common stock issued and outstanding.




<PAGE>



                          PART I: FINANCIAL INFORMATION

ITEM 1:  FINANCIAL STATEMENTS


                                       2
<PAGE>



                            PINECREST SERVICES, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                                  June 30,
                                                                                    2001
                                                                           ----------------------
ASSETS
   CURRENT ASSETS
<S>                                                                        <C>
     Cash in bank                                                          $                    0
                                                                           ----------------------

                                              TOTAL CURRENT ASSETS         $                    0
                                                                           ======================

LIABILITIES & EQUITY
   CURRENT LIABILITIES
     Accounts payable - related party (Note 4)                             $               30,000
                                                                           ----------------------

                                         TOTAL CURRENT LIABILITIES                         30,000

   STOCKHOLDERS' DEFICIT
     Common Stock $.001 par value:
       Authorized - 20,000,000 shares
       Issued and outstanding 17,000,000 shares                                            17,000
     Deficit accumulated during the development stage                                     (47,000)
                                                                           ----------------------

                                       TOTAL STOCKHOLDERS' DEFICIT                        (30,000)
                                                                           ----------------------

                                                                           $                    0
                                                                           ======================
</TABLE>


NOTE:    The accompanying  financial statements have been prepared in accordance
         with SEC regulations for interim  financial  information.  Accordingly,
         they do not include all of the  information  and footnotes  required by
         accounting  principles  generally  accepted  in the  United  States  of
         America for complete  financial  statements.  The  unaudited  financial
         statements should, therefore, be read in conjunction with the financial
         statements  and notes thereto in the Report on Form 10-KSB for the year
         ended December 31, 2000. In the opinion of management,  all adjustments
         (consisting of normal and recurring  adjustments)  considered necessary
         for a fair presentation,  have been included. The results of operations
         for the  three  and six  month  period  ended  June  30,  2001  are not
         necessarily  indicative  of the results  that may be  expected  for the
         entire fiscal year.


                                        3

<PAGE>



                            PINECREST SERVICES, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)



<TABLE>
<CAPTION>
                                                                                                                      3/7/86
                                           Three Months Ended                       Six Months Ended                 (Date of
                                                June 30,                                June 30,                   inception) to
                                        2001                2000                2001               2000               6/30/01
                                 ------------------  ------------------  -----------------   -----------------  ------------------
<S>                              <C>                 <C>                 <C>                 <C>                <C>
Net sales                        $                0  $                0  $               0   $               0  $                0
Cost of sales                                     0                   0                  0                   0                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                GROSS PROFIT                      0                   0                  0                   0                   0

General and administrative
   expenses                                       0                   0                  0                   0              47,000
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                    NET LOSS     $                0  $                0  $               0   $               0  $          (47,000)
                                 ==================  ==================  =================   =================  ==================

BASIC AND DILUTED
   (LOSS) PER COMMON
   SHARE
Net loss per weighted
   average share                 $              .00  $              .00  $             .00   $             .00
                                 ==================  ==================  =================   =================

Weighted average number of
   common shares used to
   compute net loss per
   weighted average share                17,000,000          17,000,000         17,000,000          17,000,000
                                 ==================  ==================  =================   =================
</TABLE>


                                        4

<PAGE>



                            PINECREST SERVICES, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                                        3/7/86
                                                             Three Months Ended             Six Months Ended           (Date of
                                                                  June 30,                      June 30,             inception) to
                                                            2001           2000            2001           2000          6/30/01
                                                       --------------  -------------  -------------  --------------  -------------


OPERATING ACTIVITIES
<S>                                                    <C>             <C>            <C>            <C>             <C>
   Net loss                                            $            0  $           0  $           0  $            0  $     (47,000)
   Adjustments to reconcile net loss to cash
     used by operating activities:
       Amortization                                                 0              0              0               0         17,000
       Accounts payable - related party                             0              0              0               0         30,000
                                                       --------------  -------------  -------------  --------------  -------------

                                NET CASH USED BY
                            OPERATING ACTIVITIES                    0              0              0               0              0

INVESTING ACTIVITIES
   Organization costs                                               0              0              0               0        (17,000)
                                                       --------------  -------------  -------------  --------------  -------------

                            NET CASH REQUIRED BY
                            INVESTING ACTIVITIES                    0              0              0               0        (17,000)

FINANCING ACTIVITIES
   Proceeds from sale of
    common stock                                                    0              0              0               0         17,000
                                                       --------------  -------------  -------------  --------------  -------------

                            NET CASH PROVIDED BY
                            FINANCING ACTIVITIES                    0              0              0               0         17,000
                                                       --------------  -------------  -------------  --------------  -------------

                                INCREASE IN CASH
                            AND CASH EQUIVALENTS                    0              0              0               0              0

   Cash and cash equivalents at beginning
     of period                                                      0              0              0               0              0
                                                       --------------  -------------  -------------  --------------  -------------

                         CASH & CASH EQUIVALENTS
                                AT END OF PERIOD       $            0  $           0  $           0  $            0  $           0
                                                       ==============  =============  =============  ==============  =============

</TABLE>



                                        5

<PAGE>



         In this report  references to "Pinecrest,"  "we," "us," and "our" refer
to Pinecrest Services, Inc.

                           FORWARD LOOKING STATEMENTS

         This form 10-QSB contains certain forward-looking statements within the
meaning  of the  Private  Securities  Litigation  Reform  Act of 1995.  For this
purpose any statements  contained in this Form 10-QSB that are not statements of
historical fact may be deemed to be forward-looking statements. Without limiting
the foregoing,  words such as "may," "will," "expect," "believe,"  "anticipate,"
"estimate"  or "continue"  or  comparable  terminology  are intended to identify
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties, and actual results may differ materially depending on a
variety of  factors,  many of which are not within  Pinecrest's  control.  These
factors include but are not limited to economic conditions  generally and in the
industries  which  Pinecrest may  participate;  competition  within  Pinecrest's
chosen  market  and  failure  by  Pinecrest  to  successfully  develop  business
relationships.


ITEM 2:   PLAN OF OPERATIONS

         We are a development  stage company with no assets and recurring losses
from inception and are dependent upon financing to continue operations.  For the
year ended  December 31, 2000 and the three and six month periods ended June 30,
2001,  we had no cash on hand and total  current  liabilities  of  $30,000.  The
$30,000 note payable is for legal and accounting fees incurred during 1999 which
were paid on our behalf by a related party.

         We have no material  commitments for the next twelve months. We believe
that our current  cash needs for at least the next  twelve  months can be met by
loans from our directors,  officers and shareholders  based on understandings we
have with these persons. However, these understandings are not formal agreements
and therefore these persons are not obligated to provide funds. We may repay any
loans,  costs of services and  advancements  with cash, if available,  or we may
convert them into common stock.

         Our  management  has  identified  a business  opportunity  which we are
currently investigating.  At the time of this filing, we have not entered into a
letter of intent or any binding agreement, nor have we established the manner of
our  participation  in  the  business  opportunity.   Potential  investors  must
recognize that because of our limited capital  available for  investigation  and
management's  limited  experience  in business  analysis we may not  discover or
adequately evaluate adverse facts about the business opportunity to be acquired.
Investors  should  expect that any  acquisition  candidate may have little or no
operating history, or a history of losses or low profitability. Also, we can not
assure that we will be able to acquire  the  business  opportunity,  not that it
will ultimately prove to be beneficial to Pinecrest and our shareholders.

         Based  on  current  economic  and  regulatory  conditions,   management
believes that it is possible, if not probable,  for a company like ours, without
many assets or liabilities,  to negotiate a merger or acquisition  with a viable
private company.  The opportunity arises  principally  because of the high legal
and  accounting  fees and the length of time  associated  with the  registration
process of "going public." However, should any of these conditions change, it is
very possible that there would be little or no economic  value for anyone taking
over control of Pinecrest.

         It is emphasized that our management may effect  transactions  having a
potentially  adverse impact upon our shareholders  pursuant to the authority and
discretion of our  management to complete  acquisitions  without  submitting any
proposal to the stockholders for their consideration.

         Should a merger or acquisition prove unsuccessful,  it is possible that
we may decide not to pursue  further  acquisition  activities and management may
abandon its activities and our shares would become worthless.




                                        6

<PAGE>

                           PART II: OTHER INFORMATION

ITEM 6: EXHIBITS AND REPORTS ON FORM 8-K

(a) Part II Exhibits.
    ----------------

Exhibit Number             Description
--------------------------------------------------------------------------------

3.1      Articles of  Incorporation,  dated February 10, 1999  (Incorporated  by
         reference  to exhibit 3.1 of the Form 10-SB File No.  000-30951,  filed
         July 6, 2000)

3.2      Articles of Merger  filed May 11, 2000  (Incorporated  by  reference to
         exhibit 3.2 of the Form 10-SB File No. 000-30951, filed July 6, 2000)

3.3      Bylaws (Incorporated by reference to exhibit 3.3 of the Form 10-SB File
         No. 000-30951, filed July 6, 2000)


(b)  Reports on Form 8-K.
     -------------------

         None.

                                   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 who is duly authorized.


Date:  July 30, 2001               Pinecrest Services, Inc.



                                   By: /s/ April Marino
                                        April Marino, President and Director


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