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 quarterly period ended September 30, 2002

                                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, 3359 South Main Street
                    Salt Lake City, Utah 84115
                          (801) 323-2395
  (Address and telephone number of principal executive offices)

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 October 22, 2002, the Registrant had a total of 17,600,000 shares of
common stock issued and outstanding.

Transitional small business disclosure format:  Yes [ ]  No [X]

<PAGE>

                        TABLE OF CONTENTS

                  PART I: FINANCIAL INFORMATION

Item 1:  Financial Statements..............................................3

Item 2:  Plan of Operations................................................8

Item 3:  Controls and Procedures...........................................8

                    PART II: OTHER INFORMATION

Item 2:  Changes in Securities and Use of Proceeds.........................9

Item 5:  Other Information.................................................9

Item 6:  Exhibits and Reports on Form 8-K .................................9

Signatures and Certifications..............................................10









                  PART I: FINANCIAL INFORMATION

ITEM 1:  FINANCIAL STATEMENTS

     The financial information set forth below with respect to our statements
of operations for the three and nine month periods ended September 30, 2002
and 2001 is unaudited.  This financial information, in the opinion of
management, includes all adjustments consisting of normal recurring entries
necessary for the fair presentation of such data.  The results of operations
for the nine months ended September 30, 2002, are not necessarily indicative
of results to be expected for any subsequent period.



                                2
<PAGE>




                     Pinecrest Services, Inc.
                  (a Development Stage Company)
                       Financial Statements
                        September 30, 2002



<PAGE> 3

                     Pinecrest Services, Inc.
                  (A Development Stage Company)
                          Balance Sheets



                              ASSETS


                                                    Sept. 30     December 31
                                                      2002          2001
                                                  ------------- -------------
                                                   (Unaudited)

CURRENT ASSETS                                    $          -  $          -
                                                  ------------- -------------

  TOTAL ASSETS                                    $          -  $          -
                                                  ============= =============


               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable - Related party                  $     30,000  $     30,000
                                                  ------------- -------------

  Total Liabilities                                     30,000        30,000
                                                  ------------- -------------
STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 20,000,000 shares
  authorized; 17,600,000 and 17,000,000 shares
   issued and outstanding, respectively                 17,600        17,000

Additional Paid-in Capital                              11,400             -

Deficit Accumulated During the Development Stage       (59,000)      (47,000)
                                                  ------------- -------------

  Total Stockholders' Equity (deficit)                 (30,000)      (30,000)
                                                  ------------- -------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $          -  $          -
                                                  ============= =============





<PAGE> 4

                     Pinecrest Services, Inc.
                  (A Development  Stage Company)
                     Statement of Operations
                           (Unaudited)


<TABLE>
<CAPTION>



                           For the        For the        For the        For the        From
                           three months   three months   nine months    nine months    inception on
                           ended Sept.30, ended Sept.30, ended Sept.30, ended Sept.30, March 7, 1986
                           2002           2001           2002           2001           to Sept.30, 2002
                           -------------- -------------- -------------- -------------- ----------------

                        <c>            <c>            <c>            <c>            <c>
REVENUES                   $           -  $           -  $           -  $           -  $            -
                           -------------- -------------- -------------- -------------- ---------------
EXPENSES
  General & Administrative        12,000              -         12,000              -          59,000
                           -------------- -------------- -------------- -------------- ---------------

    TOTAL EXPENSES                12,000              -         12,000              -          59,000
                           -------------- -------------- -------------- -------------- ---------------

NET INCOME (LOSS)          $     (12,000) $           -  $     (12,000) $           -  $      (59,000)
                           ============== ============== ============== ============== ===============

NET LOSS PER SHARE         $           -  $           -  $           -  $           -  $            -
                           ============== ============== ============== ============== ===============
WEIGHTED AVERAGE SHARES
  OUTSTANDING                 17,502,174     17,000,000     17,169,231     17,000,000      17,007,635
                           ============== ============== ============== ============== ===============







</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>


                            Pinecrest Services, Inc.
                          (A Development Stage Company)
                             Statement of Cash Flows
                                   (Unaudited)


                                                                                From
                                                                                Inception on
                                                     For the nine months ended  March 7, 1986
                                                             Sept. 30,          Through
                                                          2002         2001     Sept. 30, 2002
                                                    ------------- ------------- --------------

                                                 <c>           <c>           <c>
Cash Flows from Operating Activities

  Net Loss                                          $    (12,000) $          -  $     (59,000)
  Less  Non-cash Items:
  Stock issued for services                               12,000             -         12,000
  Depreciation & Amortization                                  -             -         17,000
  Increase  in Accounts Payable                                -             -         30,000
                                                    ------------- ------------- --------------

  Net Cash Provided (Used) by Operating Activities             -             -              -
                                                    ------------- ------------- --------------

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

  Net Cash Provided (Used) by Investing Activities             -             -              -
                                                    ------------- ------------- --------------

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

  Net Cash Provided (Used) by Financing Activities             -             -              -
                                                    ------------- ------------- --------------

Increase (Decrease) in Cash                                    -             -              -

Cash and Cash Equivalents at Beginning of Period               -             -              -
                                                    ------------- ------------- --------------

Cash and Cash Equivalents at End of Period          $          -  $          -  $           -
                                                    ============= ============= ==============

Supplemental Cash Flow Information:

  Stock issued for marketing rights                 $          -  $          -  $      17,000

Cash Paid For:
    Interest                                        $          -  $          -  $           -
    Income Taxes                                    $          -  $          -  $           -


</TABLE>
<PAGE> 6



                     Pinecrest Services, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                        September 30, 2002

GENERAL
-------

Pinecrest Services, Inc. (the Company) has elected to omit substantially all
footnotes to the financial statements for the nine months ended September 30,
2002 since there have been no material changes (other than indicated in other
footnotes) to the information previously reported by the Company in their
Annual Report filed on the Form 10-KSB for the twelve months ended December
31, 2001.

UNAUDITED INFORMATION
---------------------

The information furnished herein was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented.  The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.

COMMON STOCK
------------

During July, 2002 the Company issued 600,000 shares of authorized, but
previously unissued common stock, for services rendered valued at $12,000 (or
$.02 per share).


<PAGE> 7



     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 and 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, failure by management to successfully develop business
relationships, and competition within the merger and acquisitions market.


ITEM 2:   PLAN OF OPERATIONS

     We are a development stage company with no assets and recurring losses
from inception and we are dependent upon financing to continue operations.
For the nine month period ended September 30, 2002, we had no cash on hand and
total current liabilities of $30,000.  The $30,000 note payable is related to
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 intends to actively pursue business opportunities during
the next twelve months.  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.

     As of the date of this filing, we have not identified any assets or
business opportunities for acquisition. 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.  All risks inherent in new and inexperienced enterprises are
inherent in our business.  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.

     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.


ITEM 3: CONTROLS AND PROCEDURES

     As a result of new SEC regulations, our Board formalized the disclosure
controls and procedures we use

                                8
<PAGE>

to ensure that material information regarding our company and its operations
is provided to the public in a timely manner.  On November 11, 2002, our
President evaluated the effectiveness of these disclosure controls and
procedures and determined that there were no significant deficiencies in these
procedures.

     Also, the President did not identify any deficiencies or material
weaknesses in our internal controls, nor did she identify fraud that involved
our management who had a significant role in our internal controls.  She did
not find any deficiencies or weaknesses which would require changes to be made
or corrective actions to be taken related to our internal controls.

PART II: OTHER INFORMATION

ITEM 2: CHANGES IN SECURITIES AND USE OF PROCEEDS

     On July 15, 2002 our board of directors authorized the issuance of
600,000 common shares to First Equity Holdings Corp. in consideration for
consulting and investment banking services valued at approximately $12,000. We
relied on an exemption from registration for a private transaction not
involving a public distribution provided by Section 4(2) of the Securities
Act.

ITEM 5: OTHER INFORMATION

     On July 9, 2002, Michael A. Carter resigned as our director and
secretary/treasurer to pursue other interests.  On the same date, our Board
appointed Anthony S. Clayton as secretary/treasurer and interim director to
serve until our next annual shareholders meeting.  Mr. Clayton is 20 years old
and is currently employed by Discover Financial Services as an account
manager.  From 1997 to 2001 he was employed as an equipment technician by
Fitness Equipment Source, Inc.

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          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.



                                9
<PAGE>

                            SIGNATURES

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



        11/11/02
Date____________________     Pinecrest Services, Inc.



                               /S/ April L. Marino
                          By: _________________________________________
                               April L. Marino
                               President, Principal Financial Officer and
                               Director


            PRINCIPAL EXECUTIVE OFFICER CERTIFICATION

I, April L. Marino, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Pinecrest
Services, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statement made, in light of the circumstances under which statements
were made, not misleading with respect to the period covered by this quarterly
report;

3.   Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

4.   The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a)   all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

                                10
<PAGE>


6.   The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.



         11/11/02              /S/ April L. Marino
Date: ______________          ____________________________________________
                              April L. Marino, Principal Executive Officer


            PRINCIPAL FINANCIAL OFFICER CERTIFICATION

I, April L. Marino, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Pinecrest
Services, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statement made, in light of the circumstances under which statements
were made, not misleading with respect to the period covered by this quarterly
report;

3.   Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

4.   The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a)   all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

                                11
<PAGE>

6.   The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


          11/11/02            /s/ April L. Marino
Date: ______________          ____________________________________________
                              April L. Marino, Principal Financial Officer