SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


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


           FOR QUARTER ENDED JUNE 30, 2002 COMMISSION FILE NO. 0-28575


                       RENEGADE VENTURE (NEV.) CORPORATION
             (Exact name of Registrant as specified in its charter)


                 NEVADA                                        84-1108499
     (State or other jurisdiction of                   (I.R.S. Empl. Ident. No.)
      incorporation or organization)


       90 Madison Street, Suite 707
            Denver, Colorado                                     80206
(Address of Principal Executive Offices)                       (Zip Code)


                                 (303) 355-3000
              (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 such shorter period that the Registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
at least the past 90 days.


Yes [X] No [ ]


The number of shares  outstanding of each of the Registrant's  classes of common
equity, as of June 30, 2002 are as follows:


          Class of Securities                           Shares Outstanding
          -------------------                           ------------------
     Common Stock, $.001 par value                           18,640,000


                Transitional Small Business Format Yes [ ] No [X]
<PAGE>
INDEX

                                                                         Page of
                                                                          Report
                                                                         -------
                          PART I. FINANCIAL INFORMATION

Item 1.   Financial Statements.
          Balance Sheet:
          As of June 30, 2002 (Unaudited)                                      1

          Statements of Operations:
          For the six months ended June 30, 2002 and 2001 (Unaudited)          2

          Statement of Changes in Stockholders'Equity
          For the six months ended June 30, 2002 (Unaudited)                   3

          Statements of Cash Flows (Unaudited):
          For the six months ended June 30, 2002 and 2001 (Unaudited)          4

          Notes to Financial Statements (Unaudited)                            5

Item 2.   Management's Discussion and Analysis or Plan of Operation

                           PART II. OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K

          Signatures
<PAGE>
                       RENEGADE VENTURE (NEV) CORPORATION
                           CONSOLIDATED BALANCE SHEET
                                  JUNE 30, 2002
                                   (UNAUDITED)

                                     ASSETS

Current Assets:
  Cash and cash equivalents                                         $     5,094
  Accounts receivable                                                   721,947
  Prepaid expenses                                                       52,126
  Other current assets                                                    1,425
                                                                    -----------

          Total Current Assets                                          780,592

Property, plant and equipment                                            39,878
Goodwill                                                                 47,853
Other non-current assets                                                  3,000
                                                                    -----------

          Total Assets                                              $   871,323
                                                                    ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
  Note payable - related party                                      $     9,310
  Accounts payable
  - trade                                                               210,047
  - related party                                                         9,379
  Due to factor                                                         322,500
  Billings in excess of costs and estimated
    earnings on contracts in progress                                    13,620
  Accrued liabilities                                                   395,072
                                                                    -----------

          Total Liabilities                                             959,928
                                                                    -----------

Commitments and Contingencies:                                               --

Stockholders' Equity:
  Preferred stock, $.001 par value, 5,000,000 shares
    authorized, no shares issued or outstanding                              --
  Common stock, $.001 par value, 50,000,000 shares
    authorized, 18,970,000 shares issued and 18,640,000                  18,970
    shares outstanding
  Additional paid-in capital                                          1,807,465
  Accumulated deficit                                                (1,816,040)
                                                                    -----------
          Total paid-in capital and accumulated deficit                  10,395
  Less: treasury stock, at cost, 330,000 shares                         (99,000)
                                                                    -----------

          Total Stockholders' Equity                                    (88,605)
                                                                    -----------

          Total Liabilities and Stockholders' Equity                $   871,323
                                                                    ===========

                     The Accompanying Notes are an Integral
                  Part of the Consolidated Financial Statements

                                       -1-
<PAGE>
                       RENEGADE VENTURE (NEV) CORPORATION
                      CONSOLIDATED STATEMENTS OF OPERATIONS
             FOR THE THREE AND SIX MONTH PERIODS ENDED JUNE 30, 2002
                                   (UNAUDITED)

                                                   Three Month      Six Month
                                                   Period Ended    Period Ended
                                                    6/30/2002       6/30/2002
                                                   ------------    ------------
Net Sales                                          $  1,487,569    $  1,487,569

Cost of Sales                                         1,399,857       1,399,857
                                                   ------------    ------------

Gross Profit                                             87,712          87,712

Selling, general and administrative expenses         (1,896,609)     (1,896,609)
                                                   ------------    ------------

Loss from Operations                                 (1,808,897)     (1,808,897)

Other Income (Expense):
  Interest expense                                       (7,343)         (7,343)
  Miscellaneous income                                      200             200
                                                   ------------    ------------

Net Loss                                           $ (1,816,040)   $ (1,816,040)
                                                   ============    ============

Basic and diluted earnings per share               $      (0.10)   $      (0.10)
                                                   ============    ============

Weighted average common shares outstanding           18,073,948      18,073,948
                                                   ============    ============

                     The Accompanying Notes are an Integral
                  Part of the Consolidated Financial Statements

                                       -2-
<PAGE>
                       RENEGADE VENTURE (NEV) CORPORATION
                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                  FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2002
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                       Common Stock                            Additional                        Total
                               ----------------------------     Treasury        Paid-in       Accumulated     Stockholders'
                                  Shares          Amount         Stock          Capital         Deficit          Equity
                               ------------    ------------   ------------    ------------    ------------    ------------
<S>                            <C>             <C>            <C>             <C>             <C>             <C>
Balance at March 31, 2002           320,000    $        320   $         --    $     62,805    $   (136,359)   $    (73,234)

Exercise of stock options         1,000,000           1,000             --          49,000              --          50,000

Loss prior to reverse
  merger                                 --              --             --              --         (25,449)        (25,449)
                               ------------    ------------   ------------    ------------    ------------    ------------

Balance prior to mergers          1,320,000           1,320             --         111,805        (161,808)        (48,683)

Acquisition of Johnstone
  Softmachine Corporation         3,000,000           3,000             --          (3,000)             --              --

Effect of reverse merger                 --
  with Hamilton Aerospace        12,500,000          12,500             --         274,910         161,808         449,218
                               ------------    ------------   ------------    ------------    ------------    ------------

Balance after reverse merger     16,820,000          16,820             --         383,715              --         400,535

Issuance of stock for
  services                        2,150,000           2,150             --       1,377,850              --       1,380,000

Stock surrendered                  (330,000)             --        (99,000)             --              --         (99,000)

Options granted                          --              --             --          45,900              --          45,900

Net loss for the six month
  period ended June 30, 2002             --              --             --              --      (1,816,040)     (1,816,040)
                               ------------    ------------   ------------    ------------    ------------    ------------

Balance at June 30, 2002         18,640,000    $     18,970   $    (99,000)   $  1,807,465    $ (1,816,040)   $    (88,605)
                               ============    ============   ============    ============    ============    ============
</TABLE>

                     The Accompanying Notes are an Integral
                  Part of the Consolidated Financial Statements

                                       -3-
<PAGE>
                       RENEGADE VENTURE (NEV) CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2002
                                   (UNAUDITED)

                                                   Three Month      Six Month
                                                   Period Ended    Period Ended
                                                    6/30/2002       6/30/2002
                                                   ------------    ------------
Increase (Decrease) in Cash and Cash Equivalents:

Cash flows from operating activities:
  Net Loss                                         $ (1,816,040)   $ (1,816,040)

Adjustments to reconcile net loss to net cash
  provided (Used) by operating activities:
  Depreciation                                            1,467           1,467
  Consulting services paid with stock                 1,326,900       1,326,900
Changes in Assets and Liabilities:
  Accounts receivable                                  (721,947)       (721,947)
  Prepaid expenses                                      (52,126)        (52,126)
  Other current assets                                   (1,425)         (1,425)
  Other non-current assets                               (3,000)         (3,000)
  Accounts payable
  - trade                                               171,504         171,504
  - related party                                         9,379           9,379
  Due to factor                                         322,500         322,500
  Billings in excess of costs and estimated
    earnings on contracts in progress                    13,620          13,620
  Accrued liabilities                                   395,072         395,072
                                                   ------------    ------------

Net cash used by operating activities                  (354,096)       (354,096)
                                                   ------------    ------------

Cash flows from investing activities:
  Purchase of property, plant and equipment             (41,345)        (41,345)
                                                   ------------    ------------

Net cash used by investing activities                   (41,345)        (41,345)
                                                   ------------    ------------

Cash flows from financing activities:
  Issuance of stock                                     400,535         400,535
                                                   ------------    ------------

Net cash provided by financing activities               400,535         400,535
                                                   ------------    ------------

Net increase in cash and cash equivalents                 5,094           5,094

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

Cash and cash equivalents at end of period         $      5,094    $      5,094
                                                   ============    ============

                     The Accompanying Notes are an Integral
                  Part of the Consolidated Financial Statements

                                       -4-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2002

1. BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United States of America for interim financial information. Accordingly, certain
information and footnote  disclosure  normally included in financial  statements
have been omitted  pursuant to the rules and  regulations  of the Securities and
Exchange Commission.  In the opinion of management,  all adjustments (consisting
of normal recurring  adjustments)  considered  necessary for a fair presentation
have been included.

The condensed consolidated financial statements include the accounts of Renegade
Venture (NEV.) Corporation and its wholly owned subsidiaries, Hamilton Aerospace
Technologies,  Inc ("Hamilton Aerospace") and Johnstone Softmachine  Corporation
("Johnstone"),   collectively,   the  "Company".  All  significant  intercompany
accounts and transactions have been eliminated.  Hamilton Aerospace  performed a
reverse  merger  with  Renegade  on  April  30,  2002.  As such,  the  financial
statements  reflect the  accounting  activity of  Hamilton  Aerospace  since its
inception,  April 5, 2002.  No activity  prior to April 5, 2002 is reported (See
Pending Matter in Footnote 3).

Operating  results  for the period  ended  June 30,  2002,  are not  necessarily
indicative  of the  results  that may be  expected  for the fiscal  year  ending
December 31, 2002.

2. ORGANIZATION AND NATURE OF OPERATIONS

Renegade Venture (Nev.)  Corporation,  formerly Renegade Venture Corporation was
incorporated  on February  13, 1989,  as a Delaware  corporation.  In 1997,  the
Company was re-domiciled as a Nevada  Corporation  through a merger with a newly
formed Nevada Corporation,  Renegade Venture (NEV.) Corporation,  a wholly-owned
subsidiary of Renegade Venture Corporation. On April 30, 2002, the Company did a
reverse merger with Hamilton Aerospace Technologies,  Inc. (see below). Prior to
the merger, the Company was primarily  inactive.  As a result of the merger, the
Company's operations are now focused on large aircraft  maintenance,  repair and
modification   services   provided   to   owners   and   operators   of   large,
transport-category, commercial jet aircraft.

On April 30,  2002,  the Company  acquired  100% of the common stock of Hamilton
Aerospace  Technologies,  Inc.  ("HAT")  pursuant to a Stock Exchange  Agreement
whereby the former shareholders of Hamilton Aerospace received 12,500,000 common
shares of Renegade  Venture (NEV.)  Corporation.  Subsequent to the merger there
were 16,820,000 total common shares outstanding.  Accordingly,  this transaction
has been  accounted for as a reverse merger with Hamilton  Aerospace  treated as
the accounting acquirer,  as their stockholders control approximately 74% of the
post-merger common stock. As such, the accompanying  financial  statements refer
to the activity of Hamilton  Aerospace  Technologies,  Inc. since its inception,
April 5, 2002.

Hamilton Aerospace was formed on April 5, 2002 and commenced operations on April
15, 2002.  Hamilton  Aerospace provides large aircraft  maintenance,  repair and
modification  services  to  owners  and  operators  of large  transport-category
commercial  jet  aircraft.  Services of this nature are  required  and needed by
passenger and cargo air carriers, aircraft lessors, and governmental entities.

On April 12, 2002,  Renegade  Venture  (NEV.)  Corporation  acquired 100% of the
common stock of Johnstone  Softmachine  Corporation  (Johnstone) pursuant to the
Stock Purchase  Agreement and Plan of Reorganization by and between  LogiCapital
Corporation (the principal  shareholder of Johnstone),  an entity  controlled by
John  Brasher,  who,  at that time was a  director  of  Renegade  Venture  (NEV)
Corporation (he has since resigned) and Renegade Venture (NEV.) Corporation. Mr.
Brasher was also a principal  stockholder of Renegade Venture (NEV.) Corporation
prior to the merger.  As such, this  transaction  represented a transfer between
control groups and is reported on a historical cost basis.

                                       -5-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  JUNE 30, 2002

2. ORGANIZATION AND NATURE OF OPERATIONS (Continued)

Johnstone was formed on May 8, 1996, has had no substantial  operations,  and is
in the  development  stage.  Johnstone  holds a  license  for  certain  data and
technology that permits the use,  reproduction  and distribution of certain data
by the  licensor  (LogiCapital  Corporation)  through  financial  websites to be
designed and operated by  Johnstone.  The data license  agreement has a five (5)
year  term and  requires  a  royalty  payment  to the  licensor  of 20% of gross
revenues  related to the  license,  subject to a minimum  annual cash payment of
$25,000 to keep the  license in force.  Johnstone  currently  lacks the  funding
necessary to commence operations. Management has not yet determined its plan for
utilizing  the license,  or whether the minimum  license fee will be paid or the
agreement will be allowed to lapse. The effective date of the license  agreement
is March 31, 2002.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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  and  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.

PENDING MATTER

The  Company,  through its  subsidiary,  HAT,  Inc.,  had entered  into  various
contracts with a company called Hamilton Aviation, Inc. ("HAM").  Currently, the
Company is leasing  equipment from HAM on a month-to-month  basis for $8,000 per
month.

The prior  contracts  provided  for a purchase of HAM and/or a capital  lease to
acquire  HAM's  equipment.   These  contracts  have  expired  or  been  amended.
Accounting  standards  require the disclosure of the prior  company's  financial
statements  if it is deemed that a  "business"  has been  acquired,  pursuant to
Article 11-01(d) of Regulation S-X.

Due to the complexities  involved in the transactions,  the Company has sought a
definitive  determination with the U.S. Securities and Exchange Commission as to
whether a business  acquisition  has  occurred.  Should it be  decided  that the
Company has  acquired  the  business  of HAM, an amended  filing will be made to
report  the prior  financial  activity  of HAM.  It should be noted that HAM has
filed for protection under Article II of the U.S. Bankruptcy Code, and currently
has either no, or minimal operations.

TRADE ACCOUNTS RECEIVABLE

Trade  accounts  receivable  represent  amounts  billed but  uncollected on both
completed and in-progress aircraft repair and maintenance contracts.

The Company follows the allowance method of recognizing  uncollectible  accounts
receivable.  The allowance method recognizes bad debt expense as a percentage of
accounts receivable based on a review of accounts receivable outstanding and the
Company's prior history of  uncollectible  accounts  receivable.  As of June 30,
2002,  there was no allowance for doubtful  accounts,  as all  receivables  were
deemed collectible.

                                       -6-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  JUNE 30, 2002

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

PROPERTY AND EQUIPMENT

Property and equipment are recorded at cost. Depreciation is provided for on the
straight-line method over the estimated useful lives of the assets. Amortization
of leasehold improvements is computed using the shorter of the lease term or the
expected  useful  life of the  assets.  Maintenance  and  repairs  that  neither
materially add to the value of the property nor appreciably prolong its life are
charged to expense as incurred.  Betterments  or renewals are  capitalized  when
incurred.  Property and equipment are reviewed periodically to determine whether
any  events  or  circumstances  indicate  that the  carrying  amount  may not be
recoverable. Such review includes estimating future cash flows.

As of June 30, 2002,  property and  equipment  consisted  primarily of leasehold
improvements which are being depreciated over a period of (5) five years.

GOODWILL

Goodwill  represents  the  excess of  purchase  price over the fair value of net
assets  acquired in connection  with the reverse merger with Hamilton  Aerospace
Technologies,  Inc. and  Johnstone.  The Company  adopted  Financial  Accounting
Standard Opinion No. 142, Goodwill and Other  Intangibles.  Goodwill is reviewed
at least  annually for any  impairment in value.  If an impairment has occurred,
the goodwill will be adjusted to fair value at that time.

REVENUE AND COST RECOGNITION

Revenues  and  costs  from  fixed-price  and  modified  fixed-price  repair  and
maintenance  contracts  are  recognized  on  the  percent-of-completion  method,
measured  by the  percentage  of labor hours  incurred to date to the  estimated
total of labor hours.  Revision in cost and labor hour estimates and recognition
of losses on these contracts are reflected in the accounting period in which the
facts become known.  Revenues from time and material contracts are recognized as
the services are performed.

NEW ACCOUNTING PRONOUNCEMENTS

In October 2001, the FASB issued SFAS No. 144, "Accounting for the Impairment or
Disposal  of  Long-Lived  Assets",  which  addresses  financial  accounting  and
reporting for the  impairment or disposal of long-lived  assets.  This statement
supersedes  SFAS  No.  121  and  the  accounting  and  reporting  provisions  of
Accounting  Principles  Board ("APB"),  Opinion No. 30 "Reporting the Results of
Operations-Reporting  the Effects of  Disposal  of a Segment of a Business,  and
Extraordinary,  Unusual and Infrequently Occurring Events and Transactions", for
the disposal of a segment of a business.

The Company  adopted the  provisions  of SFAS No. 144  effective  as of July 30,
2002. The  implementation  of SFAS No. 144 did not have a material effect on the
Company's financial position and results of operations.

In November 2001, the Emerging Issues Task Force ("EITF") reached a consensus on
EITF  Issue No.  01-09,  "Accounting  for  Consideration  Given by a Vendor to a
Customer or a Reseller of the Vendor's  Products," ("EITF No. 01-09").  EITF No.
01-09 requires  recording  certain  consideration  paid to  distributors  of the
Company's products as a reduction of revenue. The Company adopted the provisions
of EITF No. 01-09 effective June 30, 2002. The  implementation of EITF No. 01-09
did not have a material effect on the Company's  financial  position and results
of operations.

In April of 2002,  FASB issued SFAS No. 145,  "Rescission of FASB Statements No.
4, 44 and 64,  Amendment of FASB  Statement No. 13, and Technical  Corrections,"
which is effective  for fiscal years  beginning  after May 15, 2002.  Under SFAS
No.145, gains and losses from the extinguishment of debt should be classified as
extraordinary  items only if they meet the  criteria of APB Opinion No. 30. SFAS
No. 145 also  addresses  financial  accounting  and reporting for capital leases
that are modified in such a way as to give rise to a new agreement classified as
an operating  lease. The Company believes that the adoption of SFAS No. 145 will
not have a material impact on the consolidated  financial position or results of
the operations of the Company.

                                       -7-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  JUNE 30, 2002

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

NEW ACCOUNTING PRONOUNCEMENTS (CONTINUED)

In June 2002,  the FASB issued SFAS No.  146,  "Accounting  for Exit or Disposal
Activities".   SFAS  No.  146  addresses   significant   issues   regarding  the
recognition,  measurement,  and reporting of costs that are associated with exit
and disposal activities,  including restructuring  activities that are currently
accounted for under EITF No. 94-3,  "Liability  Recognition for Certain Employee
Termination  Benefits  and Other Costs to Exit and Activity  (including  Certain
Costs Incurred in a Restructuring)."  The scope of the SFAS No.146 also includes
costs  related  to  terminating  a  contract  that is not a  capital  lease  and
termination  benefits that employees who are  involuntarily  terminated  receive
under the terms of a one-time benefit arrangement that is not an ongoing benefit
arrangement or an individual deferred-compensation contract. SFAS No.146 will be
effective for exit or disposal  activities that are initiated after December 31,
2002, but early application is encouraged. The provisions of EITF No. 94-3 shall
continue to apply for an exit activity initiated under an exit plan that met the
criteria of EITF No. 94-3 prior to the  adoption of SFAS  No.146.  Adopting  the
provisions of SFAS No. 146 will change,  on a prospective  basis,  the timing of
when restructuring  charges are recorded from a commitment date approach to when
the liability is incurred.

STOCK-BASED COMPENSATION

As permitted under the Statement of Financial Accounting Standards No. 123 (SFAS
No. 123), Accounting for Stock-Based Compensation,  the Company accounts for its
stock-based  compensation  to employees in  accordance  with the  provisions  of
Accounting Principles Board (APB) Opinion No. 25, Accounting for Stock Issued to
Employees.  As such,  compensation expense is recorded on the date of grant only
if the current market price of the underlying stock exceeded the exercise price.
Certain  pro forma net income and EPS  disclosures  for  employee  stock  option
grants are also included in the notes to the financial statements as if the fair
value method as defined in SFAS No. 123 had been applied. Transactions in equity
instruments  with  non-employees  for goods or services are accounted for by the
fair value method.

4. SHAREHOLDERS EQUITY

COMMON STOCK

In 1996, the Company's  articles of incorporation  were amended,  making several
changes affecting common stock. A reverse-stock split was approved, whereby each
100 shares of  original  common  stock were  exchanged  into one share of common
stock.  This action  reduced the  outstanding  common  shares from  3,200,000 to
320,000.  The number of authorized common shares was increased after the reverse
split from  32,000,000  to  50,000,000.  In addition,  the amount of  authorized
preferred  stock  was  changed  to  5,000,000   shares.   As  a  result  of  the
re-domiciliation  to Nevada,  statutory  par value of $.001 for both  common and
preferred stock was established.

As  discussed  in Note 1, the  Company has gone  through two mergers  during the
quarter  ended June 30,  2002.  Under the terms of these  mergers,  the  Company
issued  3,000,000  common shares to the  stockholders  of Johnstone  Softmachine
Corporation  and 12,500,000  shares to the  stockholders  of Hamilton  Aerospace
Technologies, Inc. The issuance of these shares is reflected in the accompanying
financial statements.

STOCK OPTIONS

During 1996, the Company's  shareholders  approved the 1994  Compensatory  Stock
Option Plan. The plan provides for options to purchase up to 2,000,000 shares of
common stock,  after the  reverse-stock  split discussed above. The options give
the right to purchase  common stock at "fair market value," as determined by the
Board of  Directors,  at the  date of  issuance  for a period  of up to (5) five
years.

                                       -8-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  JUNE 30, 2002

4. SHAREHOLDERS EQUITY (Continued)

During 1996,  the Company's  shareholders  also approved the 1994 Employee Stock
Compensation  Plan. This plan allows for up to 1,000,000 shares of common stock,
after the  reverse-stock  split discussed  above, to be issued to key employees,
officers,  directors,  and certain other persons affiliated with the Company, as
compensation.  As part of the 1997  re-domiciliation  to Nevada,  the 1994 plans
described above were adopted and renamed the 1997 Compensatory Stock Option Plan
and the 1997 Employee Stock Compensation Plan by the Nevada  Corporation.  Under
the terms of both of these plans,  the Company is not permitted to issue options
from these plans after April 15, 2004.

During the quarter ended June 30, 2002, the Company's  shareholders approved the
2002  Compensatory  Stock Option Plan. The plan provides for options to purchase
up to 3,000,000  shares of common stock.  The options give the right to purchase
common stock at "fair market value," as determined by the Board of Directors, at
the date of  issuance  for a period of up to (10) ten years.  Under the terms of
the  plan,  the  Company  is not  permitted  to  issue  options  from  the  2002
Compensatory Stock Option Plan after April 14, 2012.

On May 5, 1999 the Company issued 1,000,000 stock options to two directors under
the 1997 Compensatory Stock Option plan. These options had a (3) three-year term
and an exercise  price of $.05 per share.  These options were exercised on April
30, 2002,  resulting in total proceeds to the Company of $50,000.  Subsequently,
these two  directors  resigned and were  replaced on the board after the reverse
merger with Hamilton Aerospace.

On May 3, 2002, the Company  granted 920,000 common stock options to an employee
and various outside consultants of the Company under the 1997 Compensatory Stock
Option Plan.  These options have a term of (3) three years and an exercise price
of $0.30 per share.  The Company  recorded an expense of $45,900 for the quarter
ended June 30, 2002 for the value of the options granted to outside consultants.
This expense is included in selling,  general and administrative expenses on the
accompanying  statement  of  operations.  The fair  value of the  stock  options
granted  to  consultants  is  based  on a  risk-free  interest  rate of 4% and a
volatility factor of 83% resulting in a value per option of $0.17.

On May 3, 2002, the Company also granted and issued  1,100,000  shares of common
stock to various directors,  employees, and consultants of the Company under the
1997  Employee  Stock  Compensation  Plan.  The  Company  recorded an expense of
$330,000 for the quarter ended June 30, 2002 as a result of this grant, which is
included in selling,  general and  administrative  expenses on the  accompanying
statement of operations.

On May 31, 2002,  the Company  granted and issued  650,000  common  shares to an
employee and  consultants  in exchange for options  granted on May 3, 2002 under
the 1997  Compensatory  Stock  Option  Plan for  additional  services  that were
rendered.  The Company has recorded an expense of $650,000 for the quarter ended
June 30, 2002 as a result of this grant,  which is included in selling,  general
and administrative expenses on the accompanying statement of operations.

On May 31, 2002, the Company also granted  400,000  restricted  common shares to
John B.  Sawyer,  a Director  and Chief  Operating  Officer of the  Company  for
services rendered during the quarter ended June 30, 2002. The Company recognized
an expense of $400,000  for the quarter  ended June 30, 2002 as a result of this
grant, which is included in selling,  general and administrative expenses on the
accompanying statement of operations.

Prior to June 30, 2002,  330,000 of the shares previously granted to consultants
for  services  rendered  were  returned  to the  Company  to  reflect  a $99,000
adjustment to the value of the services performed.

As of  June  30,  2002,  the  Company  had a  total  of  270,000  stock  options
outstanding  with a weighted  average  exercise price of $.30 per share.  All of
these  options are  exercisable  at June 30, 2002 and expire  during  2005.  The
remaining  weighted average life of the options  outstanding at June 30, 2002 is
2.83 years.

                                       -9-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  JUNE 30, 2002

4. SHAREHOLDERS EQUITY (Continued)

The following is a table of activity for all options:

                                                                     Weighted
                                                    Number of         Average
                                                      Shares      Exercise Price
                                                    ----------    --------------
OPTIONS OUTSTANDING, December 31, 2001               1,000,000      $     0.05
  Granted                                                   --              --
  Exercised                                                 --              --
  Canceled                                                  --              --
                                                    ----------      ----------

OPTIONS OUTSTANDING, March 31, 2002                  1,000,000      $     0.05
  Granted                                              920,000            0.30
  Exercised                                         (1,000,000)           0.05
  Converted to common shares                          (650,000)           0.30
                                                    ----------      ----------

OPTIONS OUTSTANDING, June 30, 2002                     270,000      $     0.30
                                                    ==========      ==========

As of June 30,  2002,  the  Company has  3,000,000  compensating  stock  options
authorized  and  available  for grant  under the terms of the 2002  Compensatory
Stock Option Plan.  As of June  30,2002,  the Company has exceeded the number of
shares  available for issuance under the 1997 Employee Stock  Compensation  Plan
(see Note 9 Contingencies, for further information).

PRO FORMA STOCK-BASED COMPENSATION DISCLOSURE

The  Company  has  adopted  the  disclosure  only  provisions  of SFAS No.  123,
"Accounting for Stock-Based  Compensation,"  but applies  Accounting  Principles
Board Opinion No. 25,  "Accounting  for Stock Issued to Employees,"  and related
interpretations  in accounting for its plans. As of June 30, 2002,  there are no
options outstanding to employees of the Company,  therefore,  the Company has no
proforma adjusted net loss to disclose.

5. DUE TO FACTOR

As of June 30, 2002, the Company had $322,500 in full recourse financing owed to
several factors. The debt is secured by the Company's accounts  receivable,  and
bears interest at a rate of 42% to 52% per annum.

6. RELATED PARTY TRANSACTIONS

NOTE PAYABLE

As of June 30, 2002, the Company had a note payable to a former  director in the
amount of $9,310.  The note bears interest at 8% per annum,  and is payable upon
demand.

                                      -10-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  JUNE 30, 2002

6. RELATED PARTY TRANSACTIONS (Continued)

HAMILTON AVIATION, INC.

On April 15, 2002,  Hamilton  Aerospace  entered into a Sale of Assets Agreement
with Hamilton Aviation,  Inc.  ("Hamilton  Aviation"),  a privately held Arizona
corporation.  The  agreement  was for the  purchase  by  Hamilton  Aerospace  of
substantially  all of Hamilton  Aviation's  equipment and inventory  used in its
aircraft maintenance, repair and modification services business. Under the terms
of this agreement, the closing date was to be no later than July 15, 2002.

Also on April 15,  2002,  Hamilton  Aerospace  entered  into a Lease /  Purchase
Agreement  with Hamilton  Aviation for the same assets that were included in the
Sale of Assets  Agreement.  Under the Lease / Purchase  Agreement,  these assets
would be  leased  for a term of (3)  three  years or  until  the Sale of  Assets
Agreement  closed,  at  which  time,  all  assets  would  transfer  to  Hamilton
Aerospace. The Lease / Purchase Agreement provided for payments in the amount of
$8,000 per month to Hamilton Aviation through April 15, 2005.  Provided that the
Sale of Assets Agreement did not close by the expiration of the Lease / Purchase
Agreement,  title of all assets  covered  under the Lease /  Purchase  agreement
would pass from Hamilton Aviation to Hamilton Aerospace.

On May 9, 2002,  Hamilton  Aviation filed for protection under Chapter 11 of the
United States  Bankruptcy  Code.  Since that time, the Sale of Assets  Agreement
between Hamilton  Aviation and Hamilton  Aerospace  lapsed and accordingly,  the
Company continued to operate under the Lease / Purchase Agreement. Subsequent to
June 30,  2002,  the  Company  entered  into  negotiations  with the trustee for
Hamilton Aviation to re-negotiate the terms of the Lease / Purchase agreement so
as to convert it to an  operating  lease.  A new  month-to-month  lease has been
negotiated with payments of $8,000 per month.

The  Company  is  currently  operating  its  aircraft  maintenance,  repair  and
modification services business from facilities located in Tucson, Arizona. These
facilities were previously  occupied by Hamilton Aviation and remain under lease
between  Hamilton  Aviation  and the  Tucson  Airport  Authority  (the  "Airport
Authority"). The Company is currently negotiating its own lease with the Airport
Authority,  however,  as of June 30,  2002,  the  Company is making  payments to
Hamilton Aviation, who remits the funds to the Tucson Airport Authority.

During the period from April 15, 2002 through May 31, 2002,  pending issuance of
the Company's FAA Repair Station Certification, Hamilton Aerospace accepted work
from its customers and outsourced  some of the work to Hamilton  Aviation,  Inc.
Under the terms of the  services  agreement,  a fee equal to 95% of the revenues
earned was paid to Hamilton  Aviation as  consideration  for labor  services and
materials  provided.  Accordingly,  approximately  $61,000  was paid to Hamilton
Aviation during the period from April 15, 2002 through May 31, 2002 (unaudited).

Hamilton  Aerospace  also  purchases  substantially  all of its  inventory  from
Hamilton  Aviation.  These  purchases  are  made at the time  the  inventory  is
required  for an  existing  project  and will  continue  until the  majority  of
Hamilton Aviation's inventory has been utilized.  These purchases are charged to
expense as they are made since the inventory is utilized directly in projects in
progress.

As stated above, at June 30, 2002, Hamilton Aviation was seeking  reorganization
under  Chapter 11 of the  United  States  Bankruptcy  Act.  Management  does not
believe that these  circumstances  will have a negative impact on the operations
of the Company.

FACTORING

In June, 2002, Ronald J. Clark, an Officer and Director of the Company, advanced
$100,000 to the Company to use for general business  operations.  This amount is
reflected in the accompanying financial statements as part of the monies owed to
factors.  The advance bears  interest at a rate of 42% to 52% per annum,  and is
currently  due in full.  The funds  were  advanced  through  an  agreement  with
Wolfjet,  Ltd. (a company  wholly-owned  by Mr. Clark) under the same terms as a
prior advance from an independent factoring company.

                                      -11-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                  JUNE 30, 2002

7. CONTRACTS IN PROGRESS

At June 30,  2002,  costs and  estimated  earnings  in excess  of  billings  and
billings  in excess of costs and  estimated  earnings on  uncompleted  contracts
consist of the following:

     Cost incurred on uncompleted contracts                       $  8,603

     Profit earned to date                                           8,602
                                                                  --------
                                                                    17,205

     Less:  Billings to date                                       (30,825)
                                                                  --------

                                                                  $(13,620)
                                                                  ========

Included in the accompanying  balance sheet at June 30, 2002 under the following
captions:

     Costs and estimated earnings in excess of
       billings on uncompleted contracts                          $     --

     Billings in excess of costs and estimated
       earnings on uncompleted contracts                            13,620
                                                                  --------

                                                                  $ 13,620
                                                                  ========

8. TRADE ACCOUNTS RECEIVABLE

As of June 30, 2002, trade accounts receivable consist of the following:

     Contracts in progress                                        $  2,853
     Completed contracts                                           719,094
                                                                  --------

                                                                   721,947
                                                                  --------

     Less: allowance for doubtful accounts                              --
                                                                  --------

                                                                  $721,947
                                                                  ========

9. CONTINGENCIES

As  discussed  in Note 4,  Shareholders'  Equity,  the  Company  may issue up to
1,000,000  shares of common  stock under the 1997  Employee  Stock  Compensation
Plan.  As result of the shares  granted  during the quarter  ended June 30, 2002
under this plan,  the Company has exceeded the maximum  number of shares allowed
for issuance by 100,000 shares.  Management is currently working on a resolution
of this matter and does not  believe  that the  resolution  will have a material
impact on the Company's financial condition.

10. GOING CONCERN

The accompanying  consolidated  financial statements have been prepared assuming
the Company will continue as a going  concern.  The Company has incurred  losses
from  operations in  prior-years  and has incurred  losses since  performing the
reverse merger with Hamilton Aerospace,  Inc. on April 30, 2002 (as discussed in
Note 1). The Company requires and is currently  pursuing  additional capital for
growth and strategic plan implementation.

                                      -12-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES

                           FORWARD LOOKING STATEMENTS

From time to time,  in oral  statements  and  written  reports,  including  this
report, the Corporation discusses its expectations  regarding future performance
by making  "forward-looking  statements".  These forward-looking  statements are
based on  currently  available  competitive,  financial  and  economic  data and
management's view and assumptions regarding future events.

Such forward-looking statements are inherently uncertain, and actual results may
differ  materially  from those expressed or implied  herein.  Consequently,  the
Corporation  wishes  to  caution  readers  not to place  undue  reliance  on any
forward-looking statement.

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

                                PLAN OF OPERATION

Renegade Venture (Nev.) Corporation is a holding company whose plan of operation
over the next twelve  months is to seek and to acquire,  if  possible,  aviation
industry related  businesses to complement its Hamilton  Aerospace  Technologies
subsidiary.  Additionally,  the Company will seek to expand Hamilton  Aerospace.
Renegade  will not limit its search for business  combination  candidates to any
particular  geographical  area.  Management  of Renegade  will seek  combination
candidates  in the United  States and other  countries,  as  available  time and
resources permit,  through existing associations and by word of mouth. This plan
of operation has been adopted in order to attempt to create value for Renegade's
shareholders.

Hamilton  Aerospace  Technologies,  Inc.  will  continue  its efforts to acquire
contracted and other service related work for large aircraft maintenance, repair
and modification  services to owners and operators of large,  transport-category
commercial  jet  aircraft.  Management is of the opinion that demand for quality
repair  services  will  strengthen  during the next  twelve  months and that the
Company is positioned  well to be able to enjoy  increased  growth and revenues.
The Company  currently expects to be able to attract in excess of $20,000,000 in
revenues over the next twelve months.

                              RESULTS OF OPERATIONS

The  operations   discussed   represent  the  activity  of  Hamilton   Aerospace
Technologies,  Inc.  since its  inception  on April 5, 2002.  During the quarter
ended June 30, 2002, the second quarter of the year, the Company  incurred a net
loss of $1,816,040.  The Company completed its acquisition of Hamilton Aerospace
Technologies,  Inc. in April 2002, in a  transaction  accounted for as a reverse
merger. Additionally, Hamilton Aerospace Technologies, Inc. commenced operations
on April 15, 2002. The net loss is largely  attributable  to the cost of setting
up the Hamilton Aerospace  business to commence  operations  including,  but not
limited to, the cost of attracting new business,  hiring qualified employees and
management,   entering  into  vendor  relationships  and  establishing  internal
operating and reporting systems.

Revenues  were  $1,487,569  for the period from April 5, 2002 (the  inception of
Hamilton  Aerospace  Technologies,  Inc.)  through June 30, 2002.  There were no
revenues prior to inception. Cost of sales was $1,399,857, or 94.1% of revenues.
This  reflects the high cost of  sub-contracting  services  prior to receiving a
separate FAA Repair Station  Certificate.  Selling,  general and  administrative
expenses were $1,896,609,  or 127.5% of revenues, for the period, which reflects
significant start-up costs.

                                      -13-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES

                        RESULTS OF OPERATIONS (CONTINUED)

                         LIQUIDITY AND CAPITAL RESOURCES

At June 30, 2002, the Company had $5,094 of available cash. Since inception, the
Company has accumulated a net loss of approximately $1,900,000.

Renegade has offered a letter of intent to acquire  certain  aviation assets and
inventory from a commercial  financial  organization for $1,500,000.  The offer,
which has been accepted subject to a formal agreement, will require a deposit of
$250,000,  and an  installment  obligation of $1,250,000 to be amortized over an
approximate 36-month period.

Hamilton Aerospace Technologies, Inc. will require additional working capital of
at least  $500,000 to carryout its business  development  and plan. In addition,
Hamilton  Aerospace is currently using equipment and premises under an operating
lease with  Hamilton  Aviation.  Since  Aviation is operating  under  bankruptcy
protection,  the Company has no assurance that it will not have to acquire these
assets currently under lease or other assets. The cost of acquiring property and
equipment could exceed the Company's ability to borrow or raise funds.

Renegade  does not currently  have the funds  necessary to convert the letter of
intent to a purchase  agreement nor do they have the funds  necessary to provide
working  and  expansion  capital  to  Hamilton  Aerospace   Technologies,   Inc.
Accordingly, Renegade will only be able to provide the needed capital by raising
additional funds.

The  inability  to raise funds or a continued  lack of funds could result in the
failure  to  complete  needed   acquisitions  of  certain  aviation  assets  and
inventory,  as well as jeopardize the prospective  operating results of Hamilton
Aerospace.

                                      -14-
<PAGE>
              RENEGADE VENTURE (NEV.) CORPORATION AND SUBSIDIARIES

                          PART III - OTHER INFORMATION

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

EXHIBITS 99.1 Certifications

REPORTS ON FORM 8-K

     May 3, 2002 - Acquisition or Disposition of Assets
                       Acquisition of Johnstone Softmachine Corporation

     May 9, 2002 - Change in Control of Registrant
                       Reverse Merger with Hamilton Aerospace Technologies, Inc.

                                      -15-
<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, thereunto duly
authorized.

                                        RENEGADE VENTURE (NEV.) CORPORATION


Dated: September 18, 2002               By: /s/ Robert I. Scott
                                            -------------------------------
                                            Robert I Scott
                                            Chief Financial Officer


Dated: September 18, 2002               By: /s/ Ian Herman
                                            -------------------------------
                                            Ian Herman
                                            Chief Executive Officer