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 1934
|--- |  | ---------------------------------------------------------------------------------------

For the quarterly
period ended February 29, 2004

OR

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

For the transition period from __________________________________ to  __________________________________

Commission File Number
333-61801

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

|MINNESOTA                       |  | 88-0407679                        | 
|------------------------------- |  | --------------------------------- | 
|                                |  |                                  
|(State or other jurisdiction of |  | (IRS Employer Identification No.) | 
|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

31,055,500 Common Shares were outstanding as of April 14, 2004

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JURAK CORPORATION WORLD WIDE, INC.

I N D E X

|         |  | Page                                               
|-------- |  | ---------------------------------------------------
|PART I.  |  | FINANCIAL INFORMATION                              
|Item 1.  |  | Financial Statements (Unaudited)                   
|         |  | Condensed Balance Sheets                           
|         |  | February 29, 2004 (Unaudited) and                  
|         |  | May 31, 2003                                       
|         |  | Statements of Operations                           
|         |  | Three months ended February 29,                    
|         |  | 2004 and 2003 (Unaudited) and Nine Months          
|         |  | Ended February 29, 2004 and 2003 (Unaudited)       
|         |  | Condensed Statements of Cash Flows                 
|         |  | Nine months ended February 28,                     
|         |  | 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 2.  |  | 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 1.   FINANCIAL STATEMENTS

JURAK CORPORATION WORLD WIDE, INC.

CONDENSED BALANCE SHEETS

|                                                 | February 29,2004 |  | May 31,2003
|------------------------------------------------ | ---------------- |  | -----------
|
|ASSETS                                           |                  |  |            
|Cash (including savings)                         |                  |  | $          
|Inventories                                      |                  |  |            
|Prepaid expenses                                 |                  |  |            
|                                                 |                  |  |            
|Total current assets                             |                  |  |            
|Property, plant and equipment  net              |                  |  |            
|Other assets                                     |                  |  |            
|                                                 |                  |  |            
|                                                 |                  |  | $          
|                                                 |                  |  |            
|LIABILITIES AND STOCKHOLDERS DEFICIT            |                  | 
|Current portion of capital lease obligation      |                  |  | $          
|Accounts payable                                 |                  |  |            
|Accrued compensation                             |                  |  |            
|Accrued royalties                                |                  |  |            
|Note payable to stockholder                      |                  |  |            
|Payable to stockholder, officer                  |                  |  |            
|                                                 |                  |  |            
|Total current liabilities                        |                  |  |            
|Capital lease obligation, net of current portion |                  |  |            
|                                                 |                  |  |            
|Total liabilities                                |                  |  |            
|                                                 |                  |  |            
|STOCKHOLDERS DEFICIT:                           |                  | 
|Common stock                                     |                  |  |            
|Additional paid-in capital                       |                  |  |            
|Stock subscription receivable                    |                  |  |            
|Accumulated deficit                              |                  |  |            
|                                                 |                  |  |            
|                                                 |                  |  |            
|                                                 |                  |  |            
|                                                 |                  |  | $          
|                                                 |                  |  |            

Note:     The
balance sheet at May 31, 2003 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 Ended |  | Nine Months Ended
|------------------------------------------- | ------------------ |  | -----------------
|
|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)

|                                                       | Nine Months Ended
|------------------------------------------------------ | -----------------
|
|CASH FLOWS FROM OPERATING ACTIVITIES:                  |                  
|Net loss                                               |                  
|Depreciation                                           |                  
|Interest added to payable to stockholder, officer      |                  
|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:                  |                  
|Purchase of equipment                                  |                  
|Other assets                                           |                  
|                                                       |                  
|Net cash used in investing                             |                  
|                                                       |                  
|CASH FLOWS FROM FINANCING ACTIVITIES:                  |                  
|Checks issued in excess of bank balance                |                  
|Payments on capital lease obligation                   |                  
|Proceeds from issuance of common stock                 |                  
|Increase (decrease) on payable to stockholder, officer |                  
|                                                       |                  
|Net cash used in financing 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 February 29, 2004, the statement of operations for the
three-month and nine-month periods ended February 29, 2004 and February 28,
2003, and the condensed statements of cash flows for the nine-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 February 29, 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, 2003 audited
financial statements. The results of operations for the period ended February
29, 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:
| | -------------------------------------

|               | February 29,2004 |  | May 31,2003
|-------------- | ---------------- |  | -----------
|Raw materials  |                  |  | $          
|Finished goods |                  |  |            
|               |                  |  |            
|Totals         |                  |  | $          
|               |                  |  |            

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

| | During the nine
months ended February 29, 2004, stockholders deficit changed for net loss
of $160,957.
| | -------------------------------------------------------------------------------------------------------

| | On October 14,
2003, the Company declared a 2-for-1 stock split. As a result of the split,
15,527,750 additional shares were issued and additional paid-in capital was
reduced by $15,528. All references in the accompanying financial statements to
the number of common shares and per-share amounts have been restated to reflect
the stock split.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

4

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JURAK CORPORATION WORLD WIDE, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS (cont.)
(Unaudited)

|Note 4. |  | Private Placement:
|------- |  | ------------------

| | During the
quarter ended February 29, 2004, the Company initiated a private placement for
1,000,000 shares of the Companys stock at the price of $1.00 per share.
The placement includes a warrant that is attached to each share exercisable at
$1.25 per share for two years from the date of subscription.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The Company
received $75,000 for this placement as of February 29, 2004. Subsequent to
February 29, 2004, the Company received an additional $120,000. The balance due
the Company at February 29, 2004, of $925,000, is recorded as a stock
subscription receivable.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5

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JURAK CORPORATION WORLD WIDE, INC.

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

The
Company had a decrease in its revenue from sales of its products. There were sales of
$623,414 during the three months ended February 29, 2004, compared to $681,641 for the
same period in 2003. There were cost of sales of $106,361 in 2004, and cost of sales in
2003 was $34,402, for a gross profit of $517,053 in 2004, compared to a gross profit of
$647,240 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 $521,315 in 2004 for a net loss of $31,702; in 2003 it expended
selling, general and administrative expenses of $641,264 for a net loss of $21,022. The
net loss for both years was $.0 per share.

There
were sales of $2,034,114 during the nine months ended February 29, 2004, compared to
$1,886,491 for the same period in 2003. There were cost of sales of $444,590 in 2004, and
cost of sales in 2003 was $253,390, for a gross profit of $1,589,524 in 2004, compared to
a gross profit of $1,633,101 in 2003. During the same period the Company expended selling,
general and administrative expenses of $1,663,783 in 2004 for a net loss of $160,957; in
2003 it expended selling, general and administrative expenses of $1,785,256 for a net loss
of $231,674. The net loss for both years was $.01 per share.

6

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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.

7

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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
filed Form 8-K on October 15, 2003. The Company declared a 2-for-1 split on
October 14, 2003.
| | ---------------------------------------------------------------------------------------------------------

+ Filed herewith.

8

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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:   April 14, 2004 |                                                                                                         |  |  | /s/   Anthony Carl Jurak           | 
|                       |                                                                                                        
|                       | Anthony Carl JurakChairman of the Board and DirectorChief Executive Officer and Chief Financial Officer | 

9

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