U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
S.E.C. File #333-6388

Form 10-QSB
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT 1934
For the Third Quarter ending December 31, 2002

GREEN MACHINE DEVELOPMENT CORP,
(Name of small business issuer in its charter)

        FLORIDA                                   65-0594832
(State of  Incorporation )     (I.R.S. Employer Identification Number)

200 MacFarlane Dr., Ste 405, Delray Beach, FL               33483
(Address of principal executive offices)                (Zip Code)

Issuer's telephone number, including area code:   (561) 276-8226

Check whether issuer (1) 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 filing Requirement for the
past 90 days.  Yes (X)  No (  )

There were 15,000,000 shares of common stock outstanding at Dec. 31,2002

Transitional Small business Disclosure Format  (Check one):
Yes  _   No _X_

INDEX

PART I - Financial Information
   Item 1.  Financial Statements                                    Page
            Balance Sheets as of March 31, 2002, audited and
              December 31, 2002 unaudited .............................2
            Statements of Operations for the nine month
              periods ended December 31, 2002 and 2001 and for the
              three month period ended December 31 2002 and 2001.......3
            Statements of Cash Flows for the nine month
              periods ended December 31, 2002 and 2001 and
              accumulated from August 12, 1996 to December 31, 2002....4
            Notes to Financial Statements...............................5
   Item 2.  Management's Discussion and Analysis of Plan of Operation...7
   Item 3.  Description of Property.....................................8
   Item 6.  Executive Compensation......................................8

PART II -Other Information

   Item 5.  Subsequent Event - Potential Acquisition ..................9
   Certification Pursuant to 18 U.S.C. Section 1350                    9
Certification........................................................ 10
Signatures........................ ...................................11

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PART I - FINANCIAL INFORMATION


Item 1.   FINANCIAL STATEMENTS

GREEN MACHINE DEVELOPMENT, CORP.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS

                                          (unaudited)        (audited)
                                            12/31/02           3/31/02
ASSETS

Current Assets:
 Cash And Cash Equivalents                     $53              $ 291
                                              ____              _____
        Total Current Assets                   $53               $291
Other Assets:
 Investment in Real Estate                  166,375           166,375
                                             ______              ____
       Total other assets                   166,375           166,375
                                            _______           _______
       Total Assets                        $166,428          $166,666
                                           =========         ========
Liabilities & Stockholders' Equity
Current Liabilities
 Loan Payable - related party                 $61,362          $51,362
 Accrued Expense                               17,306           21,123
                                             ________             ____
        Total Current Liabilities              78,668           72,485
                                             ________           ______


Stockholders' Equity
Common Stock, $0.01 par value,
 50,000,000 shares authorized:
 15,000,000 and 11,700,00 shares issued
 and outstanding in 2001 and 2000,
 respectively                                 15,000             15,000
Paid-In Capital                              336,155            336,155
Accumulated Deficit during develop-
 ment stage                                 (260,094)          (253,673)
                                             _______            _______
                                              91,060              97,481
 Less Treasury Stock, at Cost                 (3,300)             (3,300)
          Total Stockholders? Equity          87,760              94,161
                                           _________          __________
        Total Liabilities &
        Stockholders' Equity                $166,428           $166,667
                                           ==========       ========

The accompanying notes are an integral part of these financial statements
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<PAGE>
GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
(unaudited)
                                                                 Accumulated
                                                                 Period From
                               9 months ended    3 months ended  8/12/96 to
                                 December 31     December 31    .12/31/02
                               2002      2001    2002    2001

Operating Expenses:
  Amortization &
    Depreciation      ..       -0-      -0-      -0-     $759      7,852
  Construction Services       1386      1822     1386     722     63,751
  General and Administrative  2535      1015     2535    1501    112,042
  Legal & Professional        2500      -0-      2500  13,305     42,525
  Selling & Marketing           0-      -0-      -0-    4,254     32,291
                               ----  -------   ------  ------    -------
     Total Operating Expenses 6421      2837    1,521  20,541    255,962
     Operating Loss          (6421)    (2837)  (6,421)(20,541)  (247,945)


Other Income (Expenses):
Investment Income              -0-      -0-      -0-     -0-     (12,144)
     Total Other Income
     (Expenses)                -0-      -0-      -0-     -0-     (12,144)
                             _____     ____      ___     ___     _______

                             (6421)  (2837)    (6421)  (20,542) (260,094)
                            -----    ------    ------  -------   --------

Net Loss per Share           ($.00)   ($.00)    ($.00)   ($.00)
                             -----     -----     -----    -----

Common shares
  outstanding          15,000,000  15,000,000  15,000,000  15,000,000
                    -------------  -----------   ---------  ----------



See notes to the financial statements

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GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
(unaudited)                     For the 9 months ended    Accumulated
                                    December 31           Period From
                                                          8/12/96 to
                                 2002          2001       12/31/02
Operating Activities
 Net Loss)                     ($6421)      ($20,542)     ($260,094)
 Adjustments to reconcile net
  loss to net cash provided by
  operating activities:
   Amortization &  Depreciation   -0-           759
   Changes in assets and liabilities:
   Increase / (decrease) in
    accrued expenses             (3817)         -0-          12,406
                               --------      -------      ---------
   Net cash provided by/(used in)
       operating activities     (10,238)     (19,783)       (242,766)
                              ---------     --------       ----------
 Investing Activities:
  Purchase of investment
    in real estate                -0-         (5,400)        (166,375)
                                 -----         ------        ---------
       Net cash provided/(used in)
       Investing activities       -0-         (5,400)        (166,375)
                                 ----        --------       ----------
Financing Activities:
  Proceeds from (repayment of)
    Shareholder loan            10,000         23,761          61,362
  Proceeds from purchase of
    Common stock                  -0-           -0-            15,000
  Proceeds from shareholder
    paid in capital               -0-           -0-           332,855
                                -----          ----          ---------
        Net cash provided by (used
         In) financing
         Activities             10,000         23,761         409,217
                              ---------     ---------        ---------
        Net change in cash      (238)             578             983
Cash at beginning of period      291              -0-             -0-
                              ------           --------         -----
Cash at end of period            $53             $578             $53
                               ======          ======            =====

The accompanying notes are an integral part of these financial statements




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<PAGE>
GREEN MACHINE DEVELOPMENT CORP.
(A DEVELOPMENT STATE COMPANY)
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2002

NOTE 1  SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION AND OPERATIONS

The Company was organized under the laws of the State of Florida on May
3,1989.  The Company acts as a management and business consultant and
develops real estate projects.  The Company is in its development stage
and is actively seeking to raise capital to fund its activities.  On
June 17, 1999, the Company filed an Amendment to the Articles of
Incorporation to change its name to Green Machine Development Corp.

BASIS OF ACCOUNTING

The Company's policy is to prepare its financial statements using the
accrual basis of accounting in accordance with generally accepted
accounting principles.

USE OF ESTIMATES

The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities, the disclosure of contingent assets and liabilities at the
date of the financial statements, and the reported amounts of revenues
and expenses during the reporting period.  Actual results could differ
from those estimates.

INVESTMENT IN REAL ESTATE

The Company's investment in real estate is stated at cost and related
costs have been capitalized.

FIXED ASSETS

Fixed assets are stated at cost and are depreciated over their
estimated useful lives (5 to 10 years), using the straight-line method
of depreciation.  Expenditures for major renewals and betterments that
extend the useful lives of fixed assets are capitalized.  Expenditures
for maintenance and repairs are charged to expense as incurred.

INCOME TAXES

In February 1992, the Financial Accounting Standards Board issued
Statement on Financial Accounting Standards No. 109.  "Accounting for
Income Taxes."  Under SFAS no. 109. Deferred assets and liabilities are
recognized for the estimated future tax consequences attributable to
differences between the financial statement carrying amounts of
existing assets and liabilities and their respective basis.

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In accordance with FASB 109 due to the uncertainty of future operating
profits the company has taken a 100% valuation allowance against the
tax benefits resulting from the approximate $250,000 of net operating
losses.

NOTE 2  PROPERTY, PLANT AND EQUIPMENT

Fixed assets are comprised of:

     Computer equipment                      $1,825    $1,825
     Less: accumulated equipment             (1,825)   (1,825)
                                              _____     _____
        Net fixed assets                    $  -0-    $  -0-
                                              =====     =====

NOTE 3  LOAN PAYABLE - RELATED PARTY

The Company has received funding primarily for its real estate
investing from a related party.  The loan is currently non-interest
bearing and is unsecured.

NOTE 4  CAPITAL TRANSACTIONS

On April 17, 1990, the Company received a letter of effectiveness from
the Securities and Exchange Commission for its registration pursuant to
the SB-1 filing.  The underwriting of its public common stock was
unsuccessful, but 170,000,000 shares of its common stock were issued to
the organizing group.

On April 16, 1996, the Company recapitalized by reducing its authorized
stock from 500,000,000 shares; .0001 par value to 50,000,000 shares;
..001 par value.  Pursuant to corporate resolution dated April 16, 1996,
the Company approved a reverse split of its common stock 100 to 1.

Effectively, the 170,000,000 shares outstanding was reduced to
1,700,000 shares.

On August 12, 1996, the Company issued 15,000,000 shares to acquire
100% of the outstanding common shares of Viva International Products,
Inc. via a stock for stock exchange.  On September 5, 1996, the Company
changed its name to Viva Golf Manufacturing, Inc.

On December 10, 1996, the Board of Directors approved a resolution
whereby five million shares held by a principal shareholder was retired
in order to induce investment financing.

On June 17, 1999, Viva Golf Manufacturing, Inc. accepted as a capital
contribution all the issued and outstanding stock of Green Machine
Management Corp. (Florida Corporation).  The Company Green Machine
Management Corp. became a wholly-owned subsidiary.  On the same date
the Company filed an Amendment to the Articles of Incorporation for a
name change to Green Machine Development Corp.


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In June 2000, the Company distributed two parcels of real estate, book
value of $238,107, the first was subject to an underlying mortgage of
$25,000 to its wholly-owned subsidiaries Green Machine Management Corp.
and the second to Mercard Credit Services Corp. by an exchange of
stock.  The loan payable to a related party was capitalized as
additional paid in capital of $336,155.

In January 2001, the Company entered into a proposed letter of intent
with APARACOR International, Inc.  As part of the business arrangement
3,300,000 shares of common stock was issued.  This stock was returned
when the business acquisition was not realized.

NOTE 5   STOCK OPTION PLAN

On September 15, 2001, the Company approved a stock option for its
CEO/President for 100,000 shares of common stock @ $1.00 per share for
the year ended March 31, 2002 and for the CEO/President and its two
Corporate Directors for 150,000 shares of common stock each @ $1.50 per
share for the year ended March 31, 2003.  No options were exercised as of
December 31, 2002.

ITEM 2:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF
OPERATION

At the end of the Third Quarter the Company's cash continues to be depleted
and the assets totaled $166,429.  The Company depended on continued
Shareholder Loans, which total $61,362, for operating capital.

The Company has been in dispute with the Building Official of the Town
of Ocean Ridge for almost 2 years.  Subdivision and plot layouts for the
development of two luxury homes were previously approved by the Town
officials and initially by the present Manager.  After the
Company completed construction plans and executed a contract with the
former Director Jack Brehm, the Town then changed its position after
an adjacent neighbor complained of the loss of view which was not there
prior to the clearing and filling of the lots.  However, that manager
recently resigned and the Town lost a case with similar issues.  The
Company has been informed by Appellate Counsel that a decision is likely
by the end of the Fiscal Year, March 31, 2003.

The Company appealed the Building Official's decision to the local
Board, which was unanimously upheld the Staff.  An appeal to the Circuit
Court was filed and the Town failed to provide a proper order.  The
Company was forced to file for a Court Order requiring an answer by the town
to the Appeal which was delayed until late January 2002.  The Company may
still pursue the Variance Application which has been filed and
postponed indefinitely by the former Attorney, since it was based on the
same issue as in the recent lawsuit which ruled against by the Town.

There were no revenues in the nine month period ending 12/31/2002 nor
were there revenues in the corresponding 2001 period.  Total operating
expenses for the Third Quarter was $6,421.  These expenses will be financed
through additional Shareholder loans.  Liabilities now total over $78,000.


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The Company will require sales deposits, construction/permanent
financing for development and loans from shareholders
to sustain operations.  The Company and will continue to plan the
development of real estate and consider acquisition of other real
estate, especially with revenues.

PLAN OF OPERATION

GMCD also had a contract to purchase another parcel just north of the
owned lot on the ICW which may be re-subdivided into 3 lots; two of
which will also be on the ICW.  The contract had a closing date of July
2000, however, the Seller may have breached the contract which is now
in dispute.  The Seller indicated that they were still willing to close
if they were paid more money.  The Company offered to close for less
money than originally contracted due to the Sellers' failure to
disclose material facts.  The Company continues to meet with the Seller
and hopes to resolve the matter amicably.

The Company plans to sell the owned lot to a Purchaser and
contract to build a luxury home.  The proceeds from the sale/exchange
of the lot should be sufficient to close the purchase contract (in
dispute) for the additional lots.  Management is confident that loans
can be arranged for any increased settlement or shortfall in the
acquisition of the additional land.

The Company will distribute a Shareholder stock dividend from the
spinoff of the other subsidiary, Green Machine Management,
Corp.(GMMC)upon receipt of a legal opinion which Counsel has determined the
distribution may require a Registration.  The dividend was effective to
Shareholders of record on June 30, 2000.


ITEM 3.  DESCRIPTION OF PROPERTY

The Company has title to a vacant lot without any major encumbrances,
located on the Intracoastal Waterway (ICW), Ocean Ridge, in central
Palm Beach County, Florida.  Mercard Credit Services, Corp., a former
subsidiary, has agreed to joint venture the development of the adjacent
lot with the Company.  The lots are suitable for luxury homes
containing approximately 4,300 sq. ft. each, expected to sell for about
$2 million.  An appeal is pending in the Circuit Court of the Building
Official's reversal of the approved site plan for the two residences.
The Company is considering the participation of another lawsuit in order
to introduce compelling evidence with a Former Director against the Town
of Ocean Ridge, in the event the Company is not successful on the present
appeal.


ITEM 6.  EXECUTIVE COMPENSATION (See 8-K)

At a September 25, 2001, meeting of the Board of Directors two new
members were elected, James L. Schmidt and Jerome Sanzone.  The Board
also approved a Stock Option Plan for the Directors, as follows:

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For FYE  03/31/2003   June-Ann Fox   100,000 shares at $1.00 per share
For FYE  03/31/2003   All three Directors  100,000 shares at $1.50 per
                      Share

There is no plan to provide compensation or extend stock options at present
however, the Company may provide for either or both when and if building
operations commence or a suitable acquisition occurs.



PART II - OTHER INFORMATION

ITEM 5.  SUBSEQUENT EVENT

On October 7, 2002, the Town of Ocean Ridge, Florida, passed a building
Moratorium on a change of zoning in progress and refused to accept an
application for a building permit on October 8, 2002, by James T. Martin,
 a former Director.    This action may precipitate a lawsuit for damages
in the event the zoning change constitutes a "taking of the property"
under the Bert Harris Act.  The Company is still attempting to finance the
acquisition of an operating Sports/Entertainment Center on over 17 acres
of land in Altamonte Spring, Florida.  The Company will plan the
redevelopment of the parcel, if it obtains the required financial
commitment and completes the acquisition.  The Company is also attempting
to arrange financing on a resort Condo-Hotel.

The Company  continues to seek acquisitions  during the third
quarter.  However, the target companies did not provide "audited"
Financial Statements and other documentation that was required and
agreed upon.  The Company will continue to review financial statements
and business plans of qualified targets for acquisition.


CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002, 18
U.S.C.

I, June-Ann Fox, the Principal Executive Officer and Principal
Accounting Officer of Green Machine Development, Corporation (the
"Company"), certify,pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, 18 U.S.C. Section 1350, that to the best of my knowledge:

(1) the Quarterly Report of Form 10-QSB of the Company for the
fiscal quarter ended September 30, 2002 (the "Report") fully
complies with the requirements of Section 13 (a) or 15 (d) of
the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d);
and

(2) the information contained in the Report fairly presents, in all
material respects, the financial condition and results of
operations of the Company.


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<PAGE>
Dated February 14, 2003




                                     /s/June-Ann Fox
                                     Name: June-Ann Fox
                                     Title: President




CERTIFICATION

     I, June-Ann Fox, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Green
Machine Management, Corporation;

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 statements made, in light of the circumstances
under which such 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
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 functions):

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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

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.


February 14, 2003

/s/ June-Ann Fox
Name:  June-Ann Fox
Title:  President



SIGNATURES

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

                                    Green Machine Development, Corp.
                                    Registrant)

                                    /s/ June-Ann Fox
February 14, 2003                   June-Ann Fox
                                    Chief Executive Officer





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