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


                              Form 10-QSB


(Mark One)
     [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE ACT OF 1934

     For the quarter ended March 31, 2002

     [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE ACT OF 1934

     For the transition period from ________ to __________

          Commission File Number: 0-31165

                           CYGNI INVESTMENTS, INC.
              (Exact name of Registrant as specified in charter)

     NEVADA                             88-0442584
State or other jurisdiction of          I.R.S. Employer I.D. No.
incorporation or organization

1516 BROOKHOLLOW DRIVE, SUITE D, SANTA ANA, CA         92705
(Address of principal executive offices)               (Zip Code)

Issuer's telephone number, including area code:  (714) 430-9209

Check whether the Issuer (1) has 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 fling requirements for the past 90 days.
(1) Yes [X]  No [ ]   (2) Yes [X]  No [ ]

State the number of shares outstanding of each of the Issuer's classes of common
equity as of the latest practicable date: At May 14, 2002, there were 1,000,000
shares of the Registrant's Common Stock outstanding.

<PAGE>

Page 2

                                    PART I

                        ITEM 1.  FINANCIAL STATEMENTS

     The condensed financial statements included herein have been prepared by
the Company, without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted
pursuant to such rules and regulations, although the Company believes that the
disclosures are adequate to make the information presented not misleading.

     In the opinion of the Company, all adjustments, consisting of only normal
recurring adjustments, necessary to present fairly the financial position of the
Company as of March 31, 2002, and the results of its operations and changes in
its financial position from November 17, 1999, through March 31, 2002, have been
made.  The results of its operations for such interim period are not necessarily
indicative of the results to be expected for the entire year.  These condensed
financial statements should be read in conjunction with the financial statements
and notes thereto included in the Company's annual report on Form 10-KSB for the
year ended December 31, 2001.

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Page 3

                           Cygni Investments, Inc.
                        (A Development Stage Company)
                                Balance Sheet
<TABLE>
<CAPTION>
                                                      March        December
                                                    31, 2002       31, 2001
                                                   -----------    ----------
                                                   (Unaudited)
<S>                                                 <C>           <C>
                                    Assets
Current Assets

   Cash                                             $     379     $     629
                                                     --------      --------
     Total Assets                                   $     379     $     629
                                                     ========      ========


                      Liabilities & Stockholders' Equity

Current Liabilities

   Accounts Payable                                 $   2,262     $     250
   Interest Payable                                     3,341         2,945
   Note Payable - Related Party                        15,830        15,830
                                                     --------      --------
     Total Current Liabilities                         21,433        19,025

Stockholders' Equity

   Common Stock, 100,000,000 Shares
    Authorized at $0.001 Par Value;
    1,000,000 Shares Issued and Outstanding             1,000         1,000
   Additional Paid In Capital                           9,000         9,000
   Deficit Accumulated in the Development Stage       (31,054)      (28,396)
                                                     --------      --------
     Total Stockholders' Equity                       (21,054)      (18,396)
                                                     --------      --------
     Total Liabilities and Stockholders' Equity     $     379     $     629
                                                     ========      ========
</TABLE>
               See accompanying notes to financial statements.
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Page 4

                           Cygni Investments, Inc.
                        (A Development Stage Company)
                           Statement of Operations
                                 (Unaudited)
<TABLE>
<CAPTION>
                                                                 For the Period
                                                                   November
                                                                   17, 1999
                                  For the Three Months Ended      (Inception)
                                     March           March         to March
                                   31, 2002        31, 2001        31, 2002
                                  -----------     -----------     -----------
<S>                               <C>             <C>             <C>
Revenue                           $      -        $      -        $      -
                                   ---------       ---------       ---------
Expenses

   General & Administrative            2,262           3,100          27,713
                                   ---------       ---------       ---------
     Total Expenses                    2,262           3,100          27,713
                                   ---------       ---------       ---------
     Income (Loss)
     from Operations                  (2,262)         (3,100)        (27,713)

Other Income (Expenses)

   Interest Expense                     (396)           (383)         (3,341)
                                   ---------       ---------       ---------
     Taxes                               -               -               -
                                   ---------       ---------       ---------
     Net Income (Loss)            $   (2,658)     $   (3,483)     $  (31,054)

     Loss Per
     Common Share                 $    (0.00)     $    (0.00)

     Weighted Average
     Outstanding Shares            1,000,000       1,000,000
</TABLE>
               See accompanying notes to financial statements.
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Page 5

                           Cygni Investments, Inc.
                        (A Development Stage Company)
                           Statement of Cash Flows
                                 (Unaudited)
<TABLE>
<CAPTION>
                                                                       For the Period
                                                                          November
                                                                          17, 1999
                                           For the Three Months Ended    (Inception)
                                             March          March         to March
                                            31, 2002       31, 2001       31, 2002
                                           ----------     ----------    ------------
<S>                                        <C>            <C>            <C>
Cash Flows from Operating Activities

   Net (Loss)                              $  (2,658)     $  (3,483)     $ (31,054)
   Increase (Decrease) in:
     Accounts Payable/Interest Payable         2,408          2,983          5,603
     Expenses paid by Stock Issuance             -              -            2,285
                                            --------       --------       --------
          Net Cash Provided (Used) by
          Operating Activities                  (250)          (500)       (23,166)

Cash Flows from Investing Activities             -              -              -
                                            --------       --------       --------
Cash Flows from Financing Activities

   Issuance of Common Stock for Cash             -              -            7,715
   Issuance of Note Payable for Cash             -              -           15,830
                                            --------       --------       --------
          Net Cash Provided (Used) by
          Financing Activities                   -              -           23,545

          Increase (Decrease) in Cash           (250)          (500)           379

          Cash, Beginning of Period              629          7,739            -
                                            --------       --------       --------
          Cash, End of Period              $     379      $   7,239      $     379

Supplemental Cash Flow Information

   Interest                                $     -        $     -        $     -
   Income Taxes                                  -              -              -
</TABLE>
               See accompanying notes to financial statements.
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Page 6
                           Cygni Investments, Inc.
                        (A Development Stage Company)
                      Notes to the Financial Statements
                                March 31, 2002

NOTE 1 - CORPORATE HISTORY

     Cygni Investments, Inc. (the "Company") was incorporated in Nevada  on
     November 17, 1999, as Cygni Investments, Inc. for the purpose of seeking
     and consummating a merger or acquisition with a business entity organized
     as a private corporation, partnership, or sole proprietorship.

     The Company has yet to fully develop any material income from its stated
     primary objective and it is classified as a development stage company.
     All income, expenses, cash flows and stock transactions are reported since
     the beginning of development stage.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

     Cash and Cash Equivalents - The Company considers all highly liquid
     investments with maturities of three months or less to be cash equivalents.
     All cash is currently held in trust by the Company's attorney.

     Earnings (Loss) Per Share - The computation of earnings per share of common
     stock is based on the weighted average number of shares outstanding at the
     date of the financial statements.

     Use of Estimates - The preparation of financial statements in conformity
     with generally accepted accounting principles requires management to make
     estimates and assumptions that affect reported amounts of assets and
     liabilities, disclosure of contingent assets and liabilities at the date
     of the financial statements and revenues and expenses during the reporting
     period.  In these financial statements, assets, liabilities and earnings
     involve extensive reliance on management's estimates.  Actual results could
     differ from those estimates.

NOTE 3 - INCOME TAXES

     The Company adopted Statement of Financial Accounting Standards No. 109
     "Accounting for Income Taxes" in the fiscal year ended December 31, 2000
     and has applied the provisions of the statement to the current year which
     resulted in no significant adjustment.

     Statement of Financial Accounting Standards No. 109 "Accounting for Income
     Taxes" requires an asset and liability approach for financial accounting
     and reporting for income tax purposes.  This statement recognizes (a) the
     amount of taxes payable or refundable for the current year and (b) deferred
     tax liabilities and assets for future tax consequences of events that have
     been recognized in the financial statements or tax returns.

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Page 7
                           Cygni Investments, Inc.
                        (A Development Stage Company)
                      Notes to the Financial Statements
                                March 31, 2002

NOTE 3 - INCOME TAXES -continued-

     Deferred income taxes result from temporary differences in the recognition
     of accounting transactions for tax and financial reporting purposes.
     There were no temporary differences at March 31, 2002 and earlier years;
     accordingly, no deferred tax liabilities have been recognized for all
     years.

     The Company has cumulative net operating loss carryforwards over $31,000
     at March 31, 2002.  No effect has been shown in the financial statements
     for the net operating loss carryforwards as the likelihood of future tax
     benefit from such net operating loss carryforwards is not presently
     determinable.  Accordingly, the potential tax benefits of the net operating
     loss carryforwards, estimated based upon current tax rates at March 31,
     2002 have been offset by valuation reserves in the same amount.  The net
     operating losses begin to expire in 2019.

NOTE 4 - NOTE PAYABLE RELATED PARTY

     The Company issued a promissory note in the amount of $15,330 to Mezzanine
     Capital Ltd., on February 4, 2000.  The note is unsecured and carries an
     interest rate of 10% per annum.  The principal and interest of the note
     shall be due and payable on demand.

     On November 15, 2001 the board of directors consented to issue a promissory
     note in the amount of $500.  The funds were issued to a corporation whose
     president is a shareholder of the Company.  The note is unsecured and
     bearing interest at 10% per annum due and payable on demand.  On March 31,
     2002, the accrued interest associated with the note totaled $13.

NOTE 5 - GOING CONCERN

     The Company's financial statements are prepared using generally accepted
     accounting principles applicable to a going concern which contemplates the
     realization of assets and liquidation of liabilities in the normal course
     of business.  Currently, the Company has no cash or other material assets,
     nor does it have an established source of revenues sufficient to cover any
     anticipated operating costs to allow it to continue as a going concern.
     It is the intent of the Company to find additional capital funding and/or
     a profitable business venture to acquire or merge.

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Page 8
               ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR
                              PLAN OF OPERATION

     The Company is a development stage company.  Since its inception, the
Company has had no operations.  The Company was organized for the purpose of
engaging in any lawful activity permitted under Nevada state law; however, the
Company does not have any significant cash or other material assets, nor does
it have an established source of revenues sufficient to cover operating costs
and to allow it to continue as a going concern.  The Company intends to take
advantage of any reasonable business proposal presented which management
believes will provide the Company and its stockholders with a viable business
opportunity.  The board of directors will make the final approval in determining
whether to complete any acquisition, but will submit the proposal to the
shareholders for final approval.

     The original shareholders contributed a total of $7,715 in cash and $2,285
in services as capital contributions for stock of the Company and Mezzanine
Capital Ltd., an entity of which Eric C. Bronk, a shareholder of the Company,
is an executive officer and director, loaned $15,330 to the Company at its
inception for operating expenses.

     The investigation of specific business opportunities and the negotiation,
drafting, and execution of relevant agreements, disclosure documents, and other
instruments will require substantial management time and attention and will
require the Company to incur costs for payment of accountants, attorneys, and
others.  If a decision is made not to participate in or complete the acquisition
of a specific business opportunity, the costs incurred in a related
investigation will not be recoverable.  Further, even if an agreement is reached
for the participation in a specific business opportunity by way of investment
or otherwise, the failure to consummate the particular transaction may result
in a the loss to the Company of all related costs incurred.

     Currently, management is not able to determine the time or resources that
will be necessary to locate and acquire or merge with a business prospect.
There is no assurance that the Company will be able to acquire an interest in
any such prospects, products, or opportunities that may exist or that any
activity of the Company, regardless of the completion of any transaction, will
be profitable.  If and when the Company locates a business opportunity,
management of the Company will give consideration to the dollar amount of that
entity's profitable operations and the adequacy of its working capital in
determining the terms and conditions under which the Company would consummate
such an acquisition.  Potential business opportunities, no matter which form
they may take, will most likely result in substantial dilution for the Company's
shareholders due to the likely issuance of stock to acquire such an opportunity.

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Page 9
                                   PART II

                         ITEM 6.  REPORTS ON FORM 8-K

     (b)  Reports on Form 8-K:  No reports on Form 8-K were filed during the
first quarter of the fiscal year ending December 31, 2002.

                                  SIGNATURES

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

                                        Cygni Investments, Inc.

Date: May 15, 2002                      By: /s/ Carl Suter
                                        Carl Suter, President and Principal
                                        Financial and Accounting Officer