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

                                  FORM 10-QSB
(Mark One)

X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
  EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2002

                                     or

__ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
   EXCHANGE ACT OF 1934.

					GRIFFIN INDUSTRIES, INC.
				(A Development Stage Enterprise)
         (Exact name of registrant as specified in its charter)

         Maryland                                  91-1869317
(State or other Jurisdiction of         (I.R.S. Employer Identification No.)
incorporation or organization)

                      1420 Fifth Avenue suite 2200
                            Seattle, WA
                                98101
               (Address of principal executive offices)

                           (206) 326-8090
                      (Issuer's telephone number)

     Indicate by check mark whether the registrant (1) has filed all reports to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceeding 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.
X Yes __ No

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
            PROCEEDINGS DURING THE PRECEEDING FIVE YEARS

     Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15 (d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court.
     __ Yes     __ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date.

CLASS                                 OUTSTANDING AT 06-30-02
Common Stock - $0.001 par value       		2,869,633
                                   INDEX

PART I	FINANCIAL INFORMATION

ITEM 1	FINANCIAL STATEMENTS

Balance Sheets (unaudited)........................................10Q-3
Statements of Operations and Deficit (unaudited)..................10Q-5
Statements of Cash Flows (unaudited)..............................10Q-7
Notes to the Financial Statements.................................10Q-9

ITEM 2	MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANACIAL CONDITION AND RESULTS OF OPERATION.....................10Q-11

PART II	OTHER INFORMATION

ITEM 6	EXHIBITS..............................................10Q-13

SIGNATURES........................................................10Q-14






































PART 1	FINANCIAL INFORMATION

Item 1	FINANCIAL STATEMENTS

                            GRIFFIN INDUSTRIES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                                   (UNAUDITED)
                                    (in US $)



                                        June 30,               December 31,
                                         2002                      2001







ASSETS

Current
Cash and cash equivalents          $         -          $               47
Loan receivable from principal
 stockholder                             3,664                      42,400
                                    ----------                  ----------
Total current assets                     3,664                      42,447

Capital asset                              582                         582
                                    ----------                  ----------
Total assets                      $      4,246          $           43,029


LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIENCY)

Current
Checks issued in excess of
 deposits                         $         2           $                -
Accounts payable and accrued
 liabilities                           33,381                       33,331
                                   ----------                   ----------
Total current liabilities              33,383                       33,331

Stockholders' equity
 (deficiency)

Capital stock
Authorized
5,000,000 preferred shares with
 a par value of $0.001
50,000,000 common shares with a
 par value of $0.001

                                     10Q-3
Issued and outstanding
2,500,000 preferred shares
 (December 31, 2001 - 2,500,000)       2,500                        2,500
2,869,633 common shares
 (December 31, 2001 - 2,869,633)       2,869                        2,869
Additional paid-in capital         2,534,539                    2,534,539
Unearned compensation                      -                      (19,914)
Accumulated deficit under
 development stage                (2,569,045)                  (2,510,296)
Total stockholders' equity
 (deficiency)                        (29,137)                       9,698

                                  ----------                   ----------

Total liabilities and
 stockholder's equity
 (deficiency)                   $      4,246           $           43,029







































                                     10Q-4

                          GRIFFIN INDUSTRIES, INC.
                        (A DEVELOPMENT STAGE COMPANY)
                     STATEMENTS OF OPERATIONS AND DEFICIT
                                 (UNAUDITED)
                                  (in US $)

                            Period From      Three months    Three months
                            October 14,         ended           ended
                              1997 to          June30,         June30,
                            June 30, 2002       2002            2002

EXPENSES
Depreciation expense     $        1,415   $            -   $            -
Directors' fees                  18,250                -                -
Office and miscellaneous      1,192,659           23,717           31,822
Professional fees             1,054,331            5,062            6,055
Travel                          402,749                -                -
                             ----------       ----------       ----------
                              2,669,404           28,779           37,877


OTHER INCOME
Investment income               100,359              340            1,691
                             ----------       ----------       ----------
Loss for the period          (2,569,045)         (28,439)        (36,186)


Accumulated deficit,
 beginning of period                  -       (2,540,606)     (2,405,115)

Accumulated deficit,
end of period            $   (2,569,045)  $   (2,569,045) $   (2,441,301)


Basic and diluted loss
 per common share                                  (0.01)          (0.01)


Weighted average number
 of common shares
 outstanding                                   2,869,633       2,869,633














                                      10Q-5
                                           Six months       Six months
                                              ended            ended
                                             June30,          June 30,
                                              2002             2001

EXPENSES
Depreciation expense                      $          -    $            -
Directors' fees                                      -                 -
Office and
 miscellaneous                                  53,297            57,150
Professional fees                                6,244            27,430
Travel                                               -                 -
                                            ----------        ----------
                                                59,541            84,580

OTHER INCOME
Investment income                                  792             3,846
                                            ----------        ----------

Loss for the period                           (58,749)           (80,734)


Accumulated deficit,
 beginning of period                       (2,510,296)        (2,360,567)


Accumulated deficit,
 end of period                             (2,569,045)        (2,441,301)

Basic and diluted loss
 per common share                               (0.02)             (0.03)

weighed average number
 of common shares
 outstanding                                2,869,633          2,869,633





















                                      10Q-6

                          GRIFFIN INDUSTRIES, INC.
                       (A DEVELOPMENT STAGE COMPANY)
                          STATEMENTS OF CASH FLOWS
                               (UNAUDITED)
                                (in US $)



                               Period from     Six Months      Six Months
                               October 14,       Ended           Ended
                               1997 to June     June30,          June30,
                               30, 2002          2002             2001

OPERATING ACTIVITIES
Loss for the period      $       (2,569,045) $   (58,749)    $   (80,734)
Add items not
 affecting cash:
Accrued interest income             (17,285)        (792)         (3,840)
Depreciation                          1,415            -               -
Office and miscellaneous
 expenses paid by stock
 options                            186,000       19,914          26,916
Office and miscellaneous
 expenses paid by
 principal shareholder               86,746       33,233          30,044


Changes in non-cash
 working capital items:
Accounts payable and
 accrued liabilities                 33,381           50          12,819
                                 ----------   ----------      ----------
Cash used in operating
 activities                      (2,278,788)      (6,344)        (22,535)


INVESTING ACTIVITIES
Purchase of capital assets           (1,997)           -               -
Repayment  of loan
 receivable from principal
 shareholder                         51,875        6,295          10,553
Advances on loans receivable
 from principal shareholder        (125,000)           -               -
                                 ----------   ----------      ----------
Cash provided by (used in)
 investing activities               (75,122)       6,295          10,553


FINANCING ACTIVITIES
Proceeds from common and
 preferred stock                  2,353,908            -               -
                                 ----------   ----------      ----------
Cash provided by financing
 activities                       2,353,908            -               -

                                     10Q-7
Decrease  in cash and cash
 equivalents during the period           (2)         (49)         (4,242)

Cash and cash equivalents,
 beginning of period                      -           47           4,761
                                 ----------   ----------      ----------
Cash and cash equivalents
 (checks issued in excess of
 deposits), end of period   $            (2) $        (2)   $        519















































                                     10Q-8
GRIFFIN INDUSTRIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
(UNAUDITED)
(in US $)

1. BASIS OF PRESENTATION

     These financial statements have been prepared by management on a going
concern basis, which contemplates the realization of assets and the discharge
of liabilities in the normal course of business for the foreseeable future.

     The Company's current business is to identify and evaluate opportunities
for the acquisition of businesses that sell a portion, or the entirety, of
their products or services over the Internet. The Company has incurred
significant losses and negative cash flow from operations since its inception
and has an accumulated deficit of $2,569,045 at June 30, 2002 (December 31,
2001 - $2,510,296). A substantial portion of the losses is attributable to
efforts in identifying and evaluating acquisition opportunities. The Company's
ability to continue as a going concern is in substantial doubt and is dependent
upon the continued support of its principal stockholder and obtaining additional
financing.There can be no assurance the Company can attain profitable operations
or obtain additional financing in thefuture.

     These financial statements do not give effect to any adjustments which
would be necessary should the Company be unable to continue as a going concern
and therefore be required to realize its assets and discharge its liabilities
in other than the normal course of business and at amounts different from those
reflected in the accompanying financial statements.

     These statements are unaudited and, in the opinion of management, include
all adjustments(consisting of normal recurring adjustments and accruals)
necessary to present fairly the results for the periods presented. Certain
information and footnote disclosures normally included in the annual financial
statements prepared in conformity with generally accepted accounting principles
in the United States of America have been condensed or omitted pursuant to such
Securities and Exchange Commission rules and regulations. Operating results for
the period ended June 30,2002 are not necessarily indicative of the results that
may be expected for the year ending December 31, 2002. These financial
statements should be read in conjunction with the Company's audited financial
statements for the year ended December 31, 2001.





                                     10Q-9
2. RELATED PARTY TRANSACTIONS

     Substantially all of the company's operations are managed by the Company's
Principal Stockholder and executive, management and administrative services are
provided by a company wholly-owned by the Principal Stockholder. During the six
month period ended June 30, 2002, the Company paid $nil [June 30, 2001- $nil]
for management and administrative services. Additional management and
administrative services with a fair value of $33,233 were provided to the
Company in exchange for the settlement of the loan receivable from the
Principal Stockholder during the period (June 30, 2001 - $30,044).

     In 1998, the Company entered into an unsecured revolving loan agreement
with a director and major shareholder whereby the individual can borrow up to
$125,000 at 7.75% per annum. At June 30,2002 the Company had a balance of $3,664
owing from the director which matures June 30, 2003.

3. SALES OF UNREGISTERED SECURITIES

[a]	Shares authorized

	50,000,000 shares of common stock, $.001 par value
	5,000,000 shares of preferred stock, $.001 par value

     The shareholders of common stock are entitled to one vote per share of
common stock held and the shares are fully transferable subject to applicable
laws.

     The issued and outstanding preferred stock consists of "Series A"
convertible preferred stock, where each Series A convertible preferred stock
will convert into five shares of common stock upon and subject to: a change in
control of the Company; any tender offer of shares made under Section 14 of the
Securities and Exchange Act which, upon approval and completion, would effect
a significant change of control of the Company; or a liquidation or dissolution
of the Company. The Company and its stockholders have approved a plan to
reincorporate the Company in the State of Delaware. The Principal Stockholder
has agreed to surrender all Series A preferred stock to the Company for no
consideration in connection with the reincorporation of the Company into
Delaware.

     In the event of a liquidation or dissolution of the Company, the holders
of the common stock shall be entitled to receive all of the net assets of the
Company.

[b]	Warrants

As at June 30, 2002, the following warrants were outstanding:

Number                    Exercise                             Expiry
of Shares                   Price                               Date

500,000                $	1.00                     March 17, 2003
388,000                 	1.00                   December 1, 2003
100,000                 	1.00                   December 1, 2003
100,000                 	1.00                  December 31, 2004


                                     10Q-10
There have been no warrants issued during the six month period ended
June 30, 2002.


3. SALES OF UNREGISTERED SECURITIES (CONT'D.)

[c]	Stock options

As at June 30,2002, the following stock options were outstanding:

Number                     Exercise                         Expiry
of Shares                    Price                           Date
20,000                 $	1.00                     January 1, 2003
20,000                    	3.00                        July 1, 2003
20,000                    	3.00                     January 1, 2004
20,000                  	3.00                        July 1, 2004
20,000                  	3.00                     January 1, 2005

There has been no stock option activity during the six month period
ended June 30, 2002.

4. SEGMENTED INFORMATION

The Company operates in one business segment in the United States.

5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Our stock trades publicly on the OTC Bulletin Board under the symbol GFNI.

ITEM 2	MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANACIAL CONDITION AND RESULTS OF OPERATION

     The following discussion and analysis should be read in conjunction with
the financial statements and notes thereto appearing elsewhere in this report
and with "Management's Discussion and Analysis of Financial Condition and
Results of Operations; Plan of Operation" presented in the Company's 2001
Annual Report on Form 10-KSB.

INTRODUCTORY NOTE

     This Quarterly Report on Form 10-QSB contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and the Company intends that
such forward looking statements be subject to the safe harbors created thereby.

OVERVIEW

     Griffin Industries, Inc. was incorporated in Maryland on October 14, 1997,
to be a venture capital vehicle for investors.  As such, we were
qualified as a business development company under the Investment Company
Act of 1940 and voluntarily submitted to the Securities and Exchange
Commission's public reporting requirements.  As a business development company,
we were eligible to make investments in qualifying companies and would have
earned our returns, if any, upon the sale of those investments.


                                     10Q-11
	In the summer of 1998 we terminated our status as a business development
company, and our regulation under the Investment Company Act of 1940, due to our
intention to acquire 100% of the assets or shares of heavy construction
equipment companies.

     Due to a downturn in the private and public capital markets in late 1998
and early 1999, and in particular in the valuations of heavy construction
equipment companies, we abandoned this acquisition plan and after conducting
extensive research, our board decided to pursue a business plan that called for
the acquisition of companies that provide services via the Internet.

      Since 2000, we have not actively conducted significant operations.

LIQUIDITY AND CAPITAL RESOURCES

     The Company has limited liquidity and capital resources. The Company's
cash balances have decreased by $49 from the year ending December 31, 2001.
The Company will need to raise additional cash, most likely by selling more
shares. The Company will need capital to pay for the costs of identifying,
researching, negotiating with, and performing due diligence on potential
acquisition targets. The Company will also need to raise significant
additional funds and/or issue significant amounts of our securities, to finance
each of our acquisitions. All of these capital requirements are likely to
dilute the ownership of our current shareholders. The Company may not be able
to raise the cash we need.

     The Company relies on Barretto Pacific Corporation, a company wholly owned
by Landon Barretto, at times, for some of its executive, managerial and
administrative requirements.

     The Company has a revolving loan arrangement with Mr. Barretto under which
he can borrow up to $125,000 at 7.75% per annum.  All amounts borrowed under
this arrangement are due and payable in full on June 30, 2003. As of
June 30, 2002, a total of $3,664 including principal and interest, is
outstanding. The loan principal has been reduced by $39,528 during the six
month period ended June 30, 2002 which comprises the value of services of
$33,233 which were provided by Barretto Pacific Corporation, a company wholly
owned by Landon Barretto, and cash repayments of $6,295.  The Company expects
that this amount will be settled by the due date.

RESULTS OF OPERATIONS

THREE MONTHS ENDED JUNE 30, 2002 COMPARED TO THREE MONTHS ENDED
JUNE 30,2001

     Our only revenue to date is for interest earned on cash and cash equivalent
balances and a note receivable from a director. From inception through
June 30,2002 this totaled $100,359. Investment revenue decreased $1,351
from $1,691 or, 79% from the corresponding prior year period. This decrease was
due to reduced cash and cash equivalent balances.

     Total costs and expenses decreased for the three month period ending
June 30,2002 from $36,186 to $28,439 or 21% from the corresponding prior
year period. This decrease was primarily due to reduced operating and
acquisition activities during the period.

                                     10Q-12
     Professional fees decreased for the three month period ending
June 30, 2002 from $6,055 to $5,062 or 16% from the corresponding prior
year period, primarily as a result of reduced operations. Professional fees
consist primarily of the fees we have paid for legal and accounting.

     Office and miscellaneous decreased from $31,822 to $23,717 or 25% from
the corresponding prior year period. Office and miscellaneous also includes
services valued at $17,586 provided at no cost from Barretto Pacific
Corporation,a company wholly owned by Landon Barretto. These services consist
partly of the salary and associated benefits of an employee from the period of
April 1, 2002 to June 30, 2002, whose services were also provided through a
co-employment agreement between the Company and Barretto Pacific Corporation.

FUTURE OPERATING RESULTS

     The Company's future operating results will be wholly dependent upon the
success of the investment and acquisition decisions that the Company will make.
As such, no assurance or accurate estimation can be given regarding, such
operating results.

PART II	OTHER INFORMATION

ITEM 6	EXHIBITS

(a) None

(b) Exhibits

1) 	Articles of Incorporation of the Company (Incorporated herein by
      reference to Form 10 as filed by the Company on December 15, 2000).
2) 	Bylaws of the Company (Incorporated herein by reference to Form 10 as
      filed by the Company on December 15, 2000).
3) 	Warrant Agreement between the Company and Savings and Retirement
      Services, LLC dated December 20, 1997 (Incorporated herein by reference
      to Form 10 as filed by the Company on December 15, 2000).
4) 	Warrant Agreement between the Company and Landon Barretto dated
      March 17, 2000 (Incorporated herein by reference to Form 10 as filed by
      the Company on December 15, 2000).
5) 	1999 Long-Term Stock Incentive Plan (Incorporated herein by reference to
      Form 10 as filed by the Company on December 15, 2000).
6) 	Form of Certificate of Incorporation of the Company to be effective upon
      completion of planned reincorporation in Delaware (Incorporated herein by
      reference to Form 10 as filed by the Company on December 15, 2000).
7)    Form of Bylaws of the Company to be effective upon completion of planned
      reincorporation in Delaware (Incorporated herein by reference to Form 10
      as filed by the Company on December 15, 2000).









                                           10Q-13
SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                            GRIFFIN INDUSTRIES INC.

                By: /s/ Landon Barretto
                   ------------------------------------
                   Landon Barretto
                   President, Chief Executive Officer

Date: August 27, 2002










































                                           10Q-14