UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

Form 10-QSB

|x |  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended August 31, 2004
|- |  | -------------------------------------------------------------------------------------------------------------------------------------

|o |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________________ to ___________________
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------

# Commission file number:   333-61801

JURAK CORPORATION WORLD WIDE, INC.
(Exact name of registrant as specified in its charter)

|                                  | 
|--------------------------------- | 
|Minnesota                         | 
|(State or other jurisdiction      | 
|of incorporation or organization) | 

1181 Grier Drive, Suite C, Las Vegas, NV 89119-3746
(Address of principal executive offices)

(702) 914-9688
(Registrants telephone number, including area code)

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

31,467,581 Common Shares were
outstanding as of October 20, 2004

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JURAK CORPORATION WORLD WIDE, INC.

INDEX

|                              |  | Page                                               
|----------------------------- |  | ---------------------------------------------------
|PART I. FINANCIAL INFORMATION
|                             
|Item 1.                       |  | Financial Statements (Unaudited)                   
|                             
|                              |  | Condensed Balance Sheets                           
|                              |  | August 31, 2004 (Unaudited) and                    
|                              |  | May 31, 2004                                       
|                              | 
|                              |  | Statements of Operations                           
|                              |  | Three months ended August 31,                      
|                              |  | 2004 and 2003 (Unaudited)                          
|                              | 
|                              |  | Condensed Statements of Cash Flows                 
|                              |  | Three months ended August 31,                      
|                              |  | 2004 and 2003 (Unaudited)                          
|                              | 
|                              |  | Selected Notes to Condensed Financial              
|                              |  | Statements (Unaudited)                             
|                              | 
|                              | 
|Item 2                        |  | Management's Discussion and Analysis of Financial  
|                              |  | Condition and Results of Operations                
|                              | 
|Item 3.                       |  | Controls and Procedures                            
|                              | 
|                              | 
|PART II                       |  | OTHER INFORMATION                                  
|                              | 
|Item 1.                       |  | Legal Proceedings                                  
|                              | 
|Item 2.                       |  | Changes in Securities                              
|                              | 
|Item 3.                       |  | Defaults Upon Senior Securities                    
|                              | 
|Item 4.                       |  | Submission of Matters to a Vote of Security Holders
|                              | 
|Item 5.                       |  | Other Information                                  
|                              | 
|Item 6.                       |  | Exhibits and Reports on Form 8-K                   
|                              | 
|                              |  | (a) Exhibits                                       
|                              | 
|                              |  | (b) Reports on Form 8-K                            

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Part I.  FINANCIAL INFORMATION
Item I.  FINANCIAL STATEMENTS
JURAK CORPORATION WORLD WIDE, INC.
CONDENSED BALANCE SHEETS

|ASSETS                                           |  | August 31,2004  |   | RestatedMay 31,2004
|------------------------------------------------ |  | --------------- | - | -------------------
|                                                 |  |                 |  
|                                                 |  | (Unaudited)     |   | (Audited)          
|                                                 |  |                 |   |                    
|Cash (including savings                          |  | $      26,044   |   | $                 
|Inventories                                      |  | 122,789         |   | 96,149             
|Prepaid expenses                                 |  | 16,255          |   | 156,130            
|                                                 |  |                 |   |                    
|Total current assets                             |  | 165,088         |   | 252,279            
|                                                 | 
|Property, plant and equipment - net              |  | 33,147          |   | 33,441             
|Deposits                                         |  | 9,410           |   | 25,554             
|Restricted cash                                  |  | 35,544          |   | 35,544             
|                                                 |  |                 |   |                    
|                                                 |  | $    243,189    |   | $    346,818       
|                                                 |  |                 |   |                    
|                                                 | 
|LIABILITIES AND STOCKHOLDERS' DEFICIT            | 
|                                                 | 
|Checks issued in excess of bank balance          |  | $              |   | $      65,736      
|Current portion of capital lease obligations     |  | 5,236           |   | 5,156              
|Accounts payable                                 |  | 168,899         |   | 280,816            
|Accrued compensation                             |  | 504,240         |   | 500,143            
|Accrued royalties                                |  | 448,706         |   | 400,736            
|Payable to stockholder, officer                  |  | 1,342,534       |   | 1,324,116          
|                                                 |  |                 |   |                    
|Total current liabilities                        |  | 2,469,615       |   | 2,576,703          
|                                                 | 
|Capital lease obligation, net of current portion |  | 8,771           |   | 10,082             
|                                                 |  |                 |   |                    
|Total liabilities                                |  | 2,478,386       |   | 2,586,785          
|                                                 |  |                 |   |                    
|                                                 | 
|                                                 | 
|STOCKHOLDERS' DEFICIT:                           | 
|Common stock                                     |  | 31,468          |   | 31,268             
|Additional paid-in capital                       |  | 807,349         |   | 767,549            
|Accumulated deficit                              |  | (3,074,014      | ) | (3,038,784         
|                                                 |  |                 |   |                    
|                                                 |  | (2,235,197      | ) | (2,239,967         
|                                                 |  |                 |   |                    
|                                                 | 
|                                                 |  | $    243,189    |   | $    346,818       
|                                                 |  |                 |   |                    

|Note: |  | The balance sheet at May 31, 2004 has been taken
from the audited financial statements at that date, and has been condensed.
|----- |  | ----------------------------------------------------------------------------------------------------------------------------

See Notes to Condensed Financial Statements.

1

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JURAK CORPORATION WORLD
WIDE, INC.

STATEMENTS OF
OPERATIONS
(Unaudited)

|                                            | Three Months EndedAugust 31
|------------------------------------------- | ---------------------------
|                                            |                            
|                                            | 2004                       
|                                            |                            
|Sales                                       |                            
|Cost of sales                               |                            
|                                            |                            
|Gross profit                                |                            
|                                            |                            
|Selling, general and administrative expense |                            
|                                            |                            
|Income (loss) from operations               |                            
|                                            |                            
|Other income (expense):                     |                            
|Interest income                             |                            
|Interest expense                            |                            
|                                            |                            
|                                            |                            
|                                            |                            
|Loss before income taxes                    |                            
|                                            |                            
|Income taxes                                |                            
|                                            |                            
|Net loss                                    |                            
|                                            |                            
|                                            |                            
|Loss per common share                       |                            
|                                            |                            
|Loss per common share assuming dilution     |                            
|                                            |                            
|Weighted average outstanding shares         |                            
|                                            |                            

See Notes to Condensed Financial
Statements.

2

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JURAK CORPORATION WORLD WIDE, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)

|                                                    | Three Months EndedAugust 31
|--------------------------------------------------- | ---------------------------
|                                                    |                            
|                                                    | 2004                       
|                                                    |                            
|CASH FLOWS FROM OPERATING ACTIVITIES:               |                            
|Net loss                                            |                            
|Depreciation                                        |                            
|Changes in current assets and liabilities:          |                            
|Inventories                                         |                            
|Prepaid expenses                                    |                            
|Accounts payable                                    |                            
|Accrued compensation and accrued royalties          |                            
|                                                    |                            
|Net cash provided by (used in) operating activities |                            
|                                                    |                            
|                                                    |                            
|CASH FLOWS FROM INVESTING ACTIVITIES:               |                            
|Deposits                                            |                            
|Purchase of office equipment                        |                            
|                                                    |                            
|Net cash provided by (used in) investing activities |                            
|                                                    |                            
|                                                    |                            
|CASH FLOWS FROM FINANCING AND OTHER ACTIVITIES:     |                            
|Checks issued in excess of bank balance             |                            
|Cash received for issuance of common stock          |                            
|Payments on capital lease obligations               |                            
|Increase in payable to stockholder, officer         |                            
|                                                    |                            
|Net cash used in investing and other activities     |                            
|                                                    |                            
|                                                    |                            
|Net increase in cash                                |                            
|                                                    |                            
|Cash and savings:                                   |                            
|Beginning of period                                 |                            
|                                                    |                            
|End of period                                       |                            
|                                                    |                            

See Notes to Condensed Financial Statements.

3

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JURAK CORPORATION WORLD
WIDE, INC.

NOTES TO CONDENSED
FINANCIAL STATEMENTS
(Unaudited)

|Note 1. | Condensed Financial Statements:
|------- | -------------------------------

| | The condensed
balance sheet as of August 31, 2004, the statement of operations for the three-month
              ended August 31, 2004 and 2003, and the condensed statements of cash flows
for the three-month               periods then ended have been prepared by the Company,
without audit.  In the opinion of management,               all adjustments (which
include only normal recurring adjustments) necessary to present fairly the
              financial position, results of operations and changes in cash flows at
August 31, 2004 and for all               periods presented have been made.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Certain information and footnote disclosures normally included in financial statements prepared in
              accordance with accounting principles generally accepted in the United States of America have been
              condensed or omitted.  It is suggested that these condensed financial statements be read in
              conjunction with the financial statements and notes thereto included in the Companys May 31, 2004
              audited financial statements.  The results of operations for the period ended August 31, 2004 are
              not necessarily indicative of the operating results for the full year.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Certain accounts in the prior year financial statements have been reclassified for comparative
              purposes to conform with the presentation in the current quarter financial statements.  These
              reclassifications had no effect on net loss or stockholders' deficit.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Note 2. |  | Inventories:
|------- |  | ------------

| | Inventories consist of the following:
| | -------------------------------------

|               | August 31,
2004 |  | May 31,
2004
|-------------- | --------------- |  | ------------
|               |                 |  |             
|Raw materials  |                 |  | $           
|Finished goods |                 |  |             
|               |                 |  |             
|Totals         |                 |  | $           
|               |                 |  |             

|Note 3. |  | Stockholders' Deficit:
|------- |  | ----------------------

| | During the three months ended August 31, 2004, stockholders' deficit changed for net income of
$79,444.
| | -------------------------------------------------------------------------------------------------------

4

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JURAK CORPORATION WORLD
WIDE, INC.

MANAGEMENTS DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

The
Company had an increase in its revenue from sales of its products. There were sales of
$773,459 during the three months ended August 31, 2004, compared to $717,874 for the same
period in 2003. There were cost of sales of $185,364 in 2004, and cost of sales in 2003
was $133,393, for a gross profit of $588,095 in 2004, compared to a gross profit of
$584,481 in 2003. The increase in cost of sales in 2004 came from the introduction of a
bottle size for sale, and the cost associated with it, and the production of an
advertising video. During the same period the Company expended selling, general, and
administrative expenses of $586,893 in 2004 for a net loss of $35,230; in 2003 it expended
selling, general and administrative expenses of $651,538 for a net loss of $99,622. The
net loss of $.0 per share in 2004 and $(.01) in 2003.

5

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JURAK CORPORATION WORLD
WIDE, INC.

CONTROLS AND PROCEDURES

The
Company maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and
15(d)-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange
Act)) that are designed to ensure that information required to be disclosed in the
Companys reports under the Exchange Act, is recorded, processed, summarized and
reported within the time periods specified in the SECs rules and forms, and that
such information is accumulated and communicated to the Companys management,
including the Companys Chief Executive Officer and its President and Chief Financial
Officer, as appropriate, to allow timely decisions regarding required disclosure.

The
Company carried out an evaluation, under the supervision and with the participation of the
Companys management, including the Companys Chief Executive Officer and its
President and Chief Financial Officer, of the effectiveness of the Companys
disclosure controls and procedures as of the end of the period covered by this
report, pursuant to Rules 13a-15(b) and 15d-15(b) under the Exchange Act. Based on that
evaluation, the Companys Chief Executive Officer and its President and Chief
Financial Officer have concluded that the Companys disclosure controls and
procedures, as of the end of the period covered by this report, were effective in timely
alerting them to material information relating to the Company required to be included in
the Companys periodic SEC filings.

There
has been no change in the Companys internal control over financial reporting (as
defined in Rules 13(a)-15(f) and 15(d)-15(f) under the Exchange Act) during the period
covered by this report that has materially affected, or is reasonably likely to materially
affect, the Companys internal control over financial reporting.

6

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PART II. OTHER
INFORMATION

|ITEM 1. |  | LEGAL PROCEEDINGS.
|------- |  | ------------------

Not
applicable.

|ITEM 2. |  | CHANGES IN SECURITIES.
|------- |  | ----------------------

(a)    
          Not Applicable.

(b)    
          Not Applicable.

(c)    
          Not Applicable.

(d)    
          Not Applicable.

|ITEM 3. |  | DEFAULTS UPON SENIOR SECURITIES.
|------- |  | --------------------------------

(a)    
          Not Applicable.

(b)    
          Not Applicable.

|ITEM 4. |  | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
|------- |  | ----------------------------------------------------

Not
Applicable.

|ITEM 5. |  | OTHER INFORMATION.
|------- |  | ------------------

Not Applicable.

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

(a)    
          Exhibits.

31.    
          Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002+

32.    
          Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002+

(b)    
          Reports on Form 8-K

The
Company has not filed Form 8-K during the quarter ended August 31, 2004.

+ Filed herewith.

7

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SIGNATURE

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.

|                        | JURAK CORPORATION WORLD WIDE, INC.                                                                       
|----------------------- | ---------------------------------------------------------------------------------------------------------
|                       
|                       
|Date:  October 20, 2004 | By:      /s/ Anthony Carl Jurak                                                                          
|                        |                                                                                                          
|                        | Anthony Carl Jurak
Chairman of the Board and Director
Chief Executive Officer and Chief Financial Officer

8

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