UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]  Quarterly  Report Under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934 For the quarterly period ended August 31, 2003

[ ]  Transition Report Under Section 13 or 15(d) of the Securities Exchange Act;
     For the transition period from _________ to __________

Commission File Number #000-1024048

                                 HOMELIFE, INC.

        (Exact name of small business issuer as specified in its charter)

          NEVADA                                                  33-0680443
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)


9475 Heil Avenue Suite D, Fountain Valley, CA                        92708
-----------------------------------------------                 ---------------
    (Address of Principal Executive Offices)                       (Zip Code)

               Registrant's telephone number, including area code:
                                 (714) 418-1414

     Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

                                 Yes [X] No [ ]

        The issuer had 6,108,586 shares outstanding as of August 31, 2003

Transitional Small Business Disclosure Format (check one):

                                 Yes [ ] No [X]

<PAGE>

                                 HOMELIFE, INC.

                                      INDEX
                                                                        PAGE NO.
                                                                        --------

PART I - FINANCIAL INFORMATION                                                1.

Item 1. Financial Statements                                                  1.

        Consolidated Balance Sheet at August 31, 2003 (Unaudited)             1.

        Consolidated Statements of Operations for the three months ended      3.
            August 31, 2003 and 2002 (Unaudited)

        Consolidated Statements of Cash Flows for the three months ended      4.
            August 31, 2003 and 2002 (Unaudited)

        Notes to Consolidated Financial Statements                            5.

Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operation                                                  6.

Item 3. Controls and Procedures                                               8.

PART II - OTHER INFORMATION                                                   8.

Item 1. Legal Proceedings                                                     8.

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

Item 3. Defaults Upon Senior Securities                                       9.

Item 4. Submission of Matters to a Vote of Security Holders                   9.

Item 5. Other Information                                                     9.

Item 6. Exhibits and Reports on Form 8-K                                      9.
        (a)  Exhibits
        (b)  Reports on Form 8-K

<PAGE>

PART I - FINANCIAL INFORMATION

HOMELIFE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
AT AUGUST 31, 2003
(UNAUDITED)

ASSETS
Current Assets
     Cash                                                           $    106,025
     Marketable securities, at fair value                                    900
     Accounts receivable, net                                             26,294
     Prepaid expenses and deposits                                        34,532
                                                                    ------------
                                                                         167,751

     Property and Equipment, net                                         183,844

     Goodwill                                                            225,943

     Other Assets, net                                                   185,578

     Purchased Franchise Rights                                           20,000
                                                                    ------------

                                                                    $    783,116
                                                                    ============

                                       1
<PAGE>

HOMELIFE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET (CONTINUED)
AT AUGUST 31, 2003
(UNAUDITED)

LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)
     Current Liabilities

     Bank indebtedness                                             $     45,317
     Accounts payable                                                   243,702
     Reserve for warranty                                                75,000
     Preferred dividends payable                                          9,270
     Deferred revenue                                                    80,140
                                                                   ------------
                                                                        453,429

     Deferred Revenue                                                    88,740

     Due to Stockholder                                                 243,032

     Minority Interest                                                   19,509
                                                                   ------------
                                                                        804,710

     Stockholders' Equity (Deficit)

     Capital Stock                                                    1,031,109

     Additional Paid in Capital                                       3,487,472

     Accumulated Other Comprehensive Income                               4,715

     Accumulated Deficit                                             (4,544,890)
                                                                   ------------

                                                                        (21,594)
                                                                   ------------

                                                                   $    783,116
                                                                   ============

                                       2
<PAGE>

HOMELIFE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED AUGUST 31, 2003 AND 2002
(UNAUDITED)
                                                      2003             2002
                                                  ------------     ------------
REVENUE

Royalty and franchise fees                        $    120,586     $    133,316
Warranty fees                                           33,242           49,741
Other income                                            28,823           51,925
                                                  -----------------------------
                                                       182,651          234,982

DIRECT COSTS                                            42,674           51,335
                                                  -----------------------------
                                                       139,977          183,647
EXPENSES

Salaries and fringe benefits                            65,885           79,043
General and administrative                              86,866           59,510
Occupancy                                               14,637           15,448
Financial                                                1,468            1,735
Depreciation                                            15,936           16,046
Impairment loss on purchased franchise rights               --           10,000
Amortization                                            12,963           12,963
                                                  -----------------------------
                                                       197,755          194,745

LOSS BEFORE MINORITY INTEREST                          (57,778)         (11,098)

Minority interest                                           --              807
                                                  -----------------------------

NET LOSS                                               (57,778)         (10,291)

Preferred dividends                                       (500)              --
                                                  -----------------------------

NET LOSS APPLICABLE TO COMMON
   SHARES                                              (58,278)         (10,291)
                                                  =============================

BASIC AND FULLY DILUTED LOSS
 PER COMMON SHARE                                 ($      0.01)    $       0.00
                                                  =============================

WEIGHTED-AVERAGE NUMBER OF
 COMMON SHARES                                       6,108,586        6,108,586
                                                  =============================

                                       3
<PAGE>

HOMELIFE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
THREE MONTHS ENDED AUGUST 31, 2003 AND 2002
(UNAUDITED)

                                                      2003             2002
                                                  ------------     ------------
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                          $    (57,778)    $    (10,291)
Adjustments to reconcile net loss to
  net cash from operating activities
Depreciation                                            15,936           16,046
Amortization                                            12,963           12,963
Change in value of minority interest                        --             (807)
Impairment loss on purchased franchise rights               --           10,000
Changes in assets and liabilities
Accounts receivable                                       (425)           6,163
Prepaid expenses and deposits                               --             (213)
Accounts payable                                        (4,276)          (6,542)
Reserve for warranty                                        --              463
Due to stockholder                                      20,000               --
Deferred revenue                                        (5,645)          (6,995)
                                                  -----------------------------
                                                       (19,225)          20,787
                                                  -----------------------------

CASH FLOWS FROM INVESTING ACTIVITIES                        --               --
                                                  -----------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Advances from (repayments on)
   bank indebtedness, net                                1,456           (2,971)
                                                  -----------------------------

NET CHANGE IN CASH                                     (17,769)          17,816
Cash, beginning of period                              123,794          113,475
                                                  -----------------------------

CASH, END OF PERIOD                               $    106,025     $    131,291
                                                  =============================

SUPPLEMENTAL DISCLOSURE OF CASH
   FLOW INFORMATION
      Interest paid                               $      1,086     $      1,507
                                                  =============================

      Income taxes paid                           $         --     $         --
                                                  =============================

                                       4
<PAGE>

                         HOMELIFE, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1.   MANAGEMENT'S PLAN AND FUTURE OPERATIONS

     At August 31, 2003,  adverse principal  conditions and events are prevalent
     that require necessary action by management to enable the company to return
     to profitability and to reverse these adverse conditions and events.  These
     conditions and events include recurring  operating losses,  working capital
     deficiencies,  negative cash flow from operations and adverse key financial
     ratios.  Management's plans to mitigate these adverse conditions and events
     include:

     1.   During  fiscal year 2002,  the  company  closed the  operations  of an
          unprofitable  subsidiary,  HomeLife Builders Realty (Calgary) Ltd, and
          sold certain assets.

     2.   The company is currently focusing on:

          -    the core business of franchising,

          -    the home warranty business,

          -    attempting to raise additional funding through private and public
               offering,

          -    investigating and pursuing potential mergers/acquisitions.

     3.   The company is  considering  issuing  stock to major  shareholders  in
          return for working capital and to retire existing debt.

     The accompanying financial statements do not include any adjustments to the
     recoverability   and   classification   of  recorded   asset   amounts  and
     classification of liabilities that might be necessary in the event that the
     Company is unable to continue as a going concern.

NOTE 2.   BASIS OF CONSOLIDATED FINANCIAL STATEMENTS PRESENTATION

     The  condensed  consolidated  financial  statements  of HomeLife,  Inc. and
     Subsidiaries  (the  "Company")  included  herein have been  prepared by the
     Company,  without  audit,  pursuant  to the  rules and  regulations  of the
     Securities and Exchange  Commission  (the "SEC").  Certain  information and
     footnote  disclosures normally included in financial statements prepared in
     conjunction  with  generally  accepted  accounting   principles  have  been
     condensed or omitted pursuant to such rules and  regulations,  although the
     Company  believes that the disclosures are adequate to make the information
     presented not misleading.  These condensed  financial  statements should be
     read in conjunction  with the annual audited  financial  statements and the
     notes  thereto  included in the  Company's  Form 10-KSB Annual Report , and
     other reports filed with the SEC.

     The  accompanying   unaudited  interim  financial  statements  reflect  all
     adjustments  of a normal and recurring  nature which are, in the opinion of
     management,  necessary to present fairly the financial position, results of
     operations and cash flows of the Company for the interim periods presented.
     The results of operations for these periods are not necessarily  comparable
     to, or indicative  of,  results of any other  interim  period of or for the
     fiscal year taken as a whole.  Certain  financial  information  that is not
     required for interim financial reporting purposes has been omitted.

     RECLASSIFICATIONS
     Certain   amounts  in  the  prior  year  financial   statements  have  been
     reclassified to conform with the current year presentation.

                                       5
<PAGE>

NOTE 3.   STOCK OPTION GRANTS

     The Company has a stock  option  plan under which  employees,  non-employee
     directors,  consultants  and investors  may be granted  options to purchase
     shares of the  Company's  common  stock.  Options have varying  vesting and
     expiration dates.

     The Company applies Accounting Principles Board Opinion No. 25, "Accounting
     for Stock Issued to Employees",  and related  interpretations in accounting
     for its employee stock options.  Accordingly,  no compensation  expense has
     been  recognized for its employee stock options.  During the year ended May
     31, 2003, the Company  adopted the  disclosure  provisions of SFAS No. 148,
     "Accounting for Stock-Based Compensation - Transition and Disclosure".

     The following table illustrates the effect on net earnings and earnings per
     share had the Company adopted the fair value based method of accounting for
     stock-based employee compensation for all periods presented:

<TABLE>
<CAPTION>
     Three months ended August 31,         2003           2003           2002           2002
                                     ----------     ----------     ----------     ----------

                                    As Reported      Pro-Forma    As Reported      Pro-Forma
                                     ----------     ----------     ----------     ----------
<S>                                  <C>            <C>            <C>            <C>
     Net loss for common shares      $  (58,278)    $  (58,278)    $  (10,291)    $  (10,291)
     Basic and fully diluted loss
         per Common share            $    (0.01)    $    (0.01)    $    (0.00)    $    (0.00)
</TABLE>

ITEM 2.   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION  AND
          RESULTS OF OPERATIONS

Overview

     The Company has experienced  growth  primarily  through its acquisitions of
and combinations with various other companies.  This includes the acquisition in
August 1996 of the Keim Group of Companies and MaxAmerica Home Warranty  Company
(Michigan)  adding  60  real  estate  offices  and a home  warranty  company  in
Michigan.  In 1997,  the company  purchased  certain assets of S & S Acquisition
Corp.  providing  the company with Red Carpet Real Estate  Services and National
Real Estate Services adding 58 real estate offices.  The acquisition of the real
estate computer  technology of House by Mouse and Virtual Assistant provided the
Company with the ability to enhance its Internet  communication  services to its
franchises.  In July  1997,  the  Company  acquired  the  licensing  agreements,
trademarks and franchise  offices of Network Real Estate,  Inc. This acquisition
provided the Company with an  additional 12 offices in Northern  California  and
access to the "high-end" luxury division of "International Estates". In February
1998, the Company acquired  Builders Realty  (Calgary) Ltd.  providing access to
the  Alberta,  Canada  market in both  retail real  estate and  mortgage  loans.
Certain  assets of Builders  Realty  (Calgary) were sold during the prior fiscal
year. On September 15, 1998,  the Company  purchased the stock of the investment
banking firm of Aspen, Benson and May, LLC for Common stock.

     From time to time,  the Company has entered into  strategic  alliances with
various companies in order to explore the  cross-marketing  of their services to
customers of the Company or its franchises.  To date, these strategic  alliances
have not included any funding agreements or other liabilities on the part of the
Company.  Since the end of its fiscal year 2000, HomeLife has formed a strategic
alliance with Allstate  Funding.  Allstate  Funding provides loan processing and
underwriting for MaxAmerica  Financial Services,  Inc., the real estate mortgage
brokerage subsidiary of HomeLife.

     The  following  is  management's  discussion  and  analysis  of  HomeLife's
financial condition and results of operations. Detailed information is contained
in the financial  statements included with this document.  This section contains
forward-looking  statements  that  involve  risks  and  uncertainties,  such  as
statements of the Company's plans, objectives,  expectations and intentions. The
cautionary  statements made in this document should be read as being  applicable
to all related forward-looking statements wherever they appear in this document.

                                       6
<PAGE>

THREE  MONTHS  ENDED  AUGUST 31, 2003  (UNAUDITED)  COMPARED TO THE THREE MONTHS
ENDED AUGUST 31, 2002 (UNAUDITED).

     REVENUES.  The Company  generated  gross sales of $182,651  for the quarter
ended August 31, 2003  compared to gross sales of $234,982 for the quarter ended
August 31, 2002. Revenue by business segment is shown below:

                                   August 31, 2003         August 31, 2002
                                    Amount       %          Amount       %
                                    ------      ---         ------      ---
     Royalty & franchise fees    $  120,586      66      $  133,316      57
     Home warranty sales             33,242      18          49,741      21
     Other                           28,823      16          51,925      22
                                 ----------     ---      ----------     ---
     TOTAL                       $  182,651     100      $  234,982     100
                                 ==========     ===      ==========     ===

Each  business  segment had lower sales in the current  quarter  compared to the
prior year.

Royalty fees & franchise fees combined  decreased from the prior fiscal year due
to fewer  transactions  in the current  fiscal year.  The real estate  market in
Michigan has suffered a slow down.

Home warranty sales were lower in the current year first quarter compared to the
same  period in the prior year due to a general  downturn in the  Michigan  real
estate market.  The Company has sold fewer policies in the first quarter of 2004
compared to first quarter of 2003.

     DIRECT  COSTS.  Consistent  with the decrease in overall  revenues , direct
costs have decreased from the prior year.  Gross margin is slightly lower in the
current year, due to slightly higher costs associated with the warranty revenue.

     SALARIES AND FRINGE BENEFITS.  Salaries and fringe benefits  decreased from
$79,043  for the three  months  ended  August 31,  2002 to $65,885 for the three
months  ended August 31,  2003.  This  decrease of $13,158 was the result of two
employees who left the company and have not been replaced.

     GENERAL AND ADMINISTRATIVE.  General and administrative  costs increased to
$86,866 for the quarter ended August 31, 2003 from $59,910 for the quarter ended
August 31, 2002. The increase was primarily due to  expenditures  to boost sales
such as telemarketing, mailings and supplies.

     OCCUPANCY.  The  decrease  of $811 in  occupancy  costs from first  quarter
fiscal year 2003  compared to first  quarter  fiscal year 2002  results from the
reduction of the office space in the prior year.

     FINANCIAL. Financial costs were comparable for the two periods.

     DEPRECIATION. Depreciation of fixed assets was comparable for both periods.

     AMORTIZATION. Amortization of intangibles was comparable for both periods.

     IMPAIRMENT LOSS.  There was no impairment loss recognized  during the first
quarter of the current fiscal year.

LIQUIDITY AND CAPITAL RESOURCES.  The Company has 3,750 shares of Voice Mobility
Inc. as a marketable security, and lines of credit with two banks with available
credit of $95,000.  The capital  requirements  of the Company are for  operating
expenses  and to  service  and use of its lines of credit.  In the prior  fiscal
year, the Company recorded a loss on its marketable  security as the share price
has declined in the public market from the purchase share price. The Company has
recorded  significant  operating losses in the prior two years. These losses are
primarily due to  amortization  and  depreciation,  write down of goodwill,  and
impairment  of  franchise  rights  purchased.  The  company  does  not  have any
derivative  instruments or hedging  activities  therefore,  the company believes
that  SFAS No.  133 will have no  material  impact  on the  company's  financial
statements or notes thereto.

                                       7
<PAGE>

The company has experienced recurring operating losses and has a working capital
deficiency of $285,678 as of August 31, 2003.  Management has initiated  changes
in operational procedures, reduced staff and expenses and focused its efforts on
its core business. Management believes that, despite the losses incurred and the
deterioration  in  stockholders'  equity,  it has  developed a plan,  which,  if
successfully  implemented,  can improve  the  operating  results  and  financial
condition  of the company.  Furthermore,  the company  continues  its attempt to
raise additional financings through private and public offerings.

Foreign  Franchisees.  Foreign  franchisees  consist  of the  sale  of a  master
franchise  agreement to an  individual in Germany.  Payments for this  agreement
were  scheduled to be made in 12 quarterly  payments  beginning in October 1999.
Only partial  payments have been  received,  however,  and the company is now in
negotiations with the obligor to restructure this obligation.  Continued default
of this agreement will deprive the Company of the anticipated  payments,  but is
anticipated  to have no adverse  consequences  to the operations of the Company,
since it has no  commitments  of  capital  of  other  resources  to its  foreign
franchisees.  During the fiscal  year 2001,  the company  sold master  franchise
agreements  in Portugal and China.  During the prior  fiscal  year,  the company
received  payments on the master franchise  agreements in Portugal and China. No
payments  were  received in the prior  fiscal  year or the first  quarter of the
current fiscal year. However, payment is expected during fiscal year 2004.

ITEM 3.   CONTROLS AND PROCEDURES

Based on the evaluation of the Company's  disclosure  controls and procedures by
Andrew  Cimerman,  the Company's Chief  Executive  Officer and Marie M. May, the
Company's  Chief  Financial  Officer,  as of a date within 45 days of the filing
date of this quarterly  report,  such officers have concluded that the Company's
disclosure  controls and procedures  are effective in ensuring that  information
required to be  disclosed by the Company in the reports that it files or submits
under  the  Securities  and  Exchange  Act of 1934,  as  amended,  is  recorded,
processed,  summarized  and  reported,  within the time period  specified by the
Securities and Exchange Commission's rules and forms.

There were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to the date of
their  evaluation,  including any corrective  actions with regard to significant
deficiencies and material weaknesses.

PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

The  company  is  involved  in a lawsuit  with the  sellers of  Builders  Realty
(Calgary) Ltd. to reduce the purchase price paid for Builders  Realty  (Calgary)
Ltd. The sellers of Builders Realty  (Calgary) Ltd. have filed a counter lawsuit
for breach of  contract.  Settlement  discussions  between  the  parties  are in
progress and a final settlement agreed to by both parties is expected during the
next fiscal year.

In connection with the above lawsuit,  the company has filed a claim against the
solicitors who were responsible for setting up the original  transaction between
the company and the sellers of Builders  Realty  (Calgary)  Ltd.  Further action
with this case will be dependent on the outcome of the above mentioned lawsuit.

In addition to the above  lawsuits,  the  sellers of Builders  Realty  (Calgary)
Ltd.,  through another  business  entity,  have filed a lawsuit against Builders
Realty  (Calgary) Ltd. for unpaid rents and commissions and damages  incurred at
rental  offices.  Management is defending its position,  with any further action
with this case being dependent on the outcome of the above mentioned lawsuits.

On July  31,  2003,  several  realtors  formally  employed  by  Builders  Realty
(Calgary) Ltd.  filed a lawsuit  against the company  seeking  payment of unpaid
commissions.  These  commissions  the  Company  is  holding  in a trust  fund as
required by a court order.  The  company's  defense  position in regards to this
case will be dependent on the outcome of the above mentioned lawsuits.

                                       8
<PAGE>

The company is involved in a lawsuit  with a  franchisee  of Red Carpet  Keim, a
wholly-owned  subsidiary  of the company.  A claim in the amount of $124,800 was
filed on  September  13, 2002 as a result of the  deterioration  in value of the
individual's stock value of HomeLife, Inc. Additionally, the company has filed a
counter  claim  against  the  franchisee  for  non-payment  of royalty  fees and
franchise fees. During the year ended May 31, 2003, a court settlement offer was
declined by the  respective  parties.  Subsequently,  the parties have taken the
above  mentioned  matter to binding  arbitration and expect to settle the matter
during the next fiscal year.

Should any  expenditures be incurred by the company for the resolution of any of
the above mentioned lawsuits, they will be charged to the operations of the year
in which such expenditures are incurred.

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS.

          None.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES.

          None.

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

          None.

ITEM 5.   OTHER INFORMATION.

          None.


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

          (a)  Exhibits:

          Exhibit
          Number    Title
          ------    -----
          31        Certification  Pursuant to Section 302 of the Sarbanes-Oxley
                    Act of 2002

          32        Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
                    Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

          (b)  Reports on Form 8-K:

               None.

                                       9
<PAGE>

                                   SIGNATURES

     In accordance  with Section 13 or 15(d) of the  Securities  Exchange Act of
1934, as amended (the "Exchange  Act") the  Registrant  caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

HOMELIFE, INC.
--------------
Registrant

By: /s/ Andrew Cimerman                           Date: October 15 , 2003
    ---------------------------------------             ------------------------
    Chief Executive Officer, President, Director

     In  accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  registrant and in the capacities and on
the dates indicated.

By: /s/ Andrew Cimerman Date:                           October 15, 2003
    ---------------------------------------             ------------------------
    Chief Executive Officer, President, Director

                                       10
<PAGE>