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 January 31, 2002

[ ] 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 2-98997-NY


NOVA INTERNATIONAL FILMS,  INC.
(Exact name of Small Business Issuer as Specified in its
Charter)


Delaware                                               11-2717273
(State or other jurisdiction                      (I.R.S. Employer
of incorporation or                                 Identification
organization)                                              Number)

6350 N.E. Campus Drive
Vancouver, Washington  98661
(Address of Principal Executive Offices)

(360) 737-7700
(Issuer's Telephone Number, including Area Code)

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

State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:

Common, $.00001 par value per share: 96,583,000
    outstanding as of February 15, 2002





PART I  -  FINANCIAL INFORMATION


Item 1.  Financial Statements


NOVA INTERNATIONAL FILMS, INC.

Index to Financial Information

Period Ended January 31, 2002



Item
                                       Page

Item 1 -  Financial Statements

          Balance Sheets                3

          Statements of Operations      4

          Statements of Cash Flows      5

          Notes to Financial Statements 6-7

Item 2 -  Management's Discussion
          and Analysis or Plan
          of Operation                  8



<TABLE>
<CAPTION>


NOVA INTERNATIONAL FILMS, INC.
BALANCE SHEETS
(Unaudited)



                                 JANUARY 31,      OCTOBER 31,
                                    2002             2001
<S>                              <C>             <C>
ASSETS

Cash                               $2,364           $2,878

Total assets                       $2,364           $2,878


LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:

Accounts payable and
accrued expenses                  $ 1,800           $1,800
Short term loan                    16,624           16,624
  Total liabilities               $18,424          $18,424

COMMITMENTS AND CONTINGENCIES           -               -

STOCKHOLDERS' EQUITY:

Common Stock, $.00001 par value;
100,000,000 shares authorized,
96,583,000 shares issued
and outstanding, respectively.     $    966       $     966
Additional paid-in capital        8,197,260       8,197,260
Accumulated deficit              -8,214,286      -8,213,772

Total stockholders' equity         $-16,060        $-15,546

Total liabilities
and stockholders' equity             $2,364          $2,878



</TABLE>


The accompanying notes are an integral part of these statements.

<TABLE>
<CAPTION>


NOVA INTERNATIONAL FILMS, INC.
STATEMENTS OF OPERATIONS
(Unaudited)



                                  For the          For the
                                  Quarter Ended    Quarter Ended
                                  Jan. 31, 2002    Jan. 31, 2001
<S>                                 <C>           <C>
REVENUES:

 Interest                            $       0      $      3

COSTS AND EXPENSES:
 General and administrative                514           806

  OPERATING LOSS                     $    -514      $   -803

PROVISION FOR INCOME TAXES                  -             -

NET INCOME (LOSS)                    $    -514      $   -803

Net (Income loss) per share          $ -.00000      $-.00001

Average no. of shares outstanding   96,583,000    96,583,000



</TABLE>

The accompanying notes are an integral part of these statements.

<TABLE>
<CAPTION>



NOVA INTERNATIONAL FILMS, INC.
STATEMENTS OF CASH FLOWS
INCREASE (DECREASE) IN CASH
(Unaudited)



                                   For the         For the
                                   Quarter Ended   Quarter Ended
                                   Jan. 31, 2002   Jan. 31, 2001
<S>                                   <C>         <C>
Cash flows from operating activities:

  Net loss                               $-514      $-803

    Net cash provided (used) by
     operating activities                $-514      $-803

Cash flows from investing activities:

  Short term loan                     $      0    $ 1,500

     Net cash provided by
     investing activities                $   0    $ 1,500

  Net (decrease) increase in cash     $   -514    $   697

  Cash at beginning of period            2,878      1,247

  Cash at end of period               $  2,364    $ 1,944


</TABLE>

The accompanying notes are an integral part of these statements.



NOVA INTERNATIONAL FILMS, INC.
NOTES TO FINANCIAL STATEMENTS
JANUARY 31, 2002

1)  Nature of Business and Organization

Nova International Films, Inc. (the Company) was incorporated
on November 27, 1984 in the State of Delaware.  The Company was
formed for the purpose of financing and producing motion
pictures for distribution in the theatrical, home video and pay
and free television markets throughout the world.

a.  Issuance of Common Stock

On January 2, 1986, the Company completed a public offering,
whereby ten million (10,000,000) units were sold at $.10 per
unit, each unit consisting of one (1) share of Common Stock,
$.00001 par value, and one (1) Redeemable Common Stock Purchase
Warrant. These warrants have now lapsed.

b.  Disposition of Assets

On May 12, 1993 (the "Closing"), the stockholders of the
Company approved an Acquisition Agreement dated March 3, 1993
(the "Acquisition Agreement") by and between the Company and
Epic Productions, Inc. ("Epic"), pursuant to which the Company
sold, assigned, transferred and conveyed to Epic and Epic
acquired from the Company (i) all of the issued and outstanding
shares of capital stock of each of Byzantine Fire, Inc. a
California corporation, Wings of the Apache, Inc., a
California corporation, and A/R Productions, Ltd., a California
corporation (collectively, the "Subsidiary Corporations"); (ii)
all rights to the completed films "Triumph of the Spirit",
"Firebirds" and "Why Me?", (sometimes collectively herein the
"Completed Films"); and (iii) the Company's rights related to
the film project "Carlito's Way" and Jean Claude Van Damme.  In
exchange therefor, Epic assumed all debts and liabilities of
the Company with respect to the assets acquired, paid
the Company the sum of $50,000, acquired the Bank Loan from the
Bank as described in Note #4 "Debt" and modified the loan
arrangements thereafter plus other indebtedness due Epic from
the Company.


2)  Summary of Significant Accounting Policies

a.  Financial Statement Presentation

In accordance with the provisions of Statement of Financial
Accounting Standards No. 53, the Company has elected to present
an unclassified balance sheet.

b.  Per Share Amounts

Per share amounts are based on the weighted average number of
shares outstanding during the period.


NOVA INTERNATIONAL FILMS, INC.
NOTES TO FINANCIAL STATEMENTS
JANUARY 31, 2002


3)  Short term loan

An officer of the Company made a short term loans to the
Company in order to allow the Company to meet certain working
capital needs.  Such loan is without interest and payable on
demand.

4)  Debt

In connection with the financing of the film "Triumph of the
Spirit", the Company was unable to pay Credit Lyonnais Bank
Nederland N.V. (the "Bank") the note payable (the "Bank Loan")
incurred to finance such film at its original maturity date of
March 31, 1991.  The Company was able to negotiate an extension
of the maturity date of this note until September 30, 1991, but
thereupon the Company became in default of its obligation.

Upon the Closing of the Acquisition Agreement, Epic acquired
the Bank Loan from the Bank and modified the payment terms of
the Bank Loan assigned to it and other indebtedness of the
Company to Epic.  In October 1993, Epic assigned and
contributed to the capital of the Company all of such
indebtedness of the Company to Epic plus accrued and unpaid
interest.  In addition, at the Closing, $3 million of
indebtedness (plus interest thereon) under the Bank Loan was
not acquired by Epic, pursuant to which the Bank, Epic and the
Company agreed that such portion of the Bank Loan (The
"Nonrecourse Obligations") be payable interest and then
principal only from operating receipts from "Triumph of the
Spirit" which was acquired by Epic pursuant to the Acquisition
Agreement.

As of November 30, 1995, Nova assigned to Epic and Epic assumed
the remaining $3 million Nonrecourse Obligations plus interest
thereon.

5)  Liquidity and Capital Resources

At the current time, the Company's sole means to pay for its
overhead operations is its existing cash in the total amount of
$2,364. as of January 31, 2002.  Accordingly, the Company has
significantly reduced its overhead.  The Company has no current
business operations and is in the process of seeking a business
opportunity.  As of the date of this report, the Company has no
agreement, understanding or arrangement to acquire or
participate in any specific business opportunity.  No assurance
can be given that the Company will be able to consummate
any such arrangements or, if consummated, that such business
opportunity will be successful.  Management has indicated that
for the foreseeable future it will cover those costs necessary
to retain the Company's corporate charter, file necessary tax
returns, report to the Securities and Exchange Commission, and
cover certain expenses in seeking business opportunities.







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

     The following discussion should be read in conjunction
with the Financial Statements and Notes thereto and is
qualified in its entirety by the foregoing.

     This report contains certain forward-looking statements
and information relating to the Company that are based on the
beliefs and assumptions made by the Company's management as
well as information currently available to the management.
When used in this document, the words "anticipate", "believe",
"estimate", and "expect" and similar expressions, are intended
to identify forward-looking statements.  Such statements
reflect the current views of the Company with respect to future
events and are subject to certain risks, uncertainties and
assumptions.  Should one or more of these risks or
uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated or
expected.  Certain of these risks and uncertainties are
discussed  under the caption "Uncertainties and Risk Factors"
in  Part I, Item 1 "Description of Business" of the Company's
Annual Report on Form 10-KSB for the year ended October 31,
2001. The Company does not intend to update these forward-
looking statements.

     The Company had no revenues from operations for the
three months ended January 31, 2002 and for the three months
ended January 31, 2001.  During the three months ended January
31, 2002, the Company had a net loss of  $(514) as compared to
a net loss of $(803) during the three months ended January 31,
2001.
     On January 31, 2002, the Company had a working capital
deficit and stockholders' deficit of  $(16,060),  $2,364 in
cash, total assets of $2,364 and total liabilities of $18,424.
The working capital deficit and stockholders' deficit is
principally due to short term loans made by the President of
the Company in order to allow the Company to meet certain
working capital needs.

     At the current time, the Company's sole means to pay for
its overhead operations is its existing cash in the total
amount of $2,364 as of January 31, 2002.  Accordingly, the
Company has significantly reduced its overhead.  In connection
therewith, the Company does not pay any officer salaries and
rent.  Its costs primarily include only those costs necessary
to retain its corporate charter, file necessary tax returns and
report to the Securities and Exchange Commission, and certain
expenses in seeking business opportunities.

     In addition, as a result of the closing of the
Acquisition Agreement (see Notes to the Financial Statements
included elsewhere herein), the Company has no current business
operations and is in the process of seeking a business
opportunity.  As of the date of this report, the Company has no
agreement, understanding or arrangement to acquire or
participate in any specific business opportunity.  During
fiscal 2001, the Company did enter into a letter of intent to
acquire Renewable Energy Corp.  Such negotiations have since
terminated.  No assurance can be given that the Company will be
able to consummate any other arrangements or, if consummated,
that such business opportunity will be successful.  Management
has indicated that for the foreseeable future it will cover
those costs necessary to retain the Company's corporate
charter, file necessary tax returns, report to the Securities
and Exchange Commission, and cover certain expenses in seeking
business opportunities.





PART II  -  OTHER INFORMATION

Item 1. Legal Proceedings.

        None.

Item 2. Changes in Securities.

        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.

        There are no exhibits applicable to this Form 10-QSB.

        (b)  Reports on Form 8-K.

        Listed below are reports on Form 8-K filed during the
        quarter for which this report is filed:

        None.


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.


                           NOVA INTERNATIONAL FILMS, INC.
                           (Registrant)


Dated: February 26, 2002   By:  /s/ William Rifkin
                                William Rifkin,
                                Chairman of the Board
                                (Principal Executive Officer)



Dated: February 26, 2002   By:  /s/ William Rifkin
                                William Rifkin, Principal
                                Financial Officer