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 (unaudited)............................10Q-3
	    Condensed Balance Sheets....................................10Q-3
            Condensed Statements of Operations
            and Deficit.................................................10Q-5
	    Condensed Statements of Cash Flows..........................10Q-6
	    Notes to Condensed Financial Statements.....................10Q-8

Item 2 -    Management's Discussion and Analysis of
            Financial Condition and Results of Operations..............10Q-10


PART II -   OTHER INFORMATION..........................................10Q-12

            EXHIBIT INDEX..............................................10Q-12
            SIGNATURES.................................................10Q-12





































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                             4,643                   42,400
                                          -------                ---------
                                            4,643                   42,447


Capital asset                                 582                      582
                                          -------                ---------
                                   $        5,225         $         43,029





LIABILITIES AND STOCKHOLDERS' EQUITY

Current
Bank indebtedness                  $            2         $              -
Accounts payable and
  accrued expenses                         33,381                   33,331

                                           ------                   ------
                                           28,383                   33,331




Stockholders' equity (deficiency)
Authorized
 5,000,000 Preferred shares @ $.001 par value
 50,000,000 Common shares @ $.001 par value



                                     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                     (6,456)                  (19,914)
Accumulated deficit under
 development stage                    (2,540,606)               (2,510,296)
                                       ---------                 ---------
Total stockholders' equity
 (deficiency)                             (7,154)                    9,698
                                       ---------                 ---------
Total liabilities and
 stockholders' equity
 (deficiency)                    $        24,362          $         43,029






































                                     10Q-4

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



                                                               period from
                       For the three           For the six     October 14,
                       months ended           months ended     1997 to June
                  June 30,     June 30,   June 30,  June 30,   30, 2002
                   2002         2001      2002        2001


REVENUE
Investment income $   340     $  1,691  $     792   $ 3,846   $    100,359
                   ------      -------    -------    ------     ----------
                      340        1,691        792     3,846        100,359


EXPENSES
Professional fees   4,312        6,055      6,244    27,730      1,054,331
Travel                  -            -          -         -        402,749
Office and
 miscellaneous     16,282       31,822     48,862    57,150      1,185,224
Directors' fees         -            -          -         -         18,250
Depreciation
 expense                -            -          -         -          1,165
                   ------       ------     ------    ------      ---------
                   20,594       37,877     52,106     84580      2,661,969


Loss             (20,254)     (36,186)    (51,314)  (80,734)    (2,561,610)


Accumulated
 deficit,
 beginning of
 period       (2,541,356)  (2,405,115) (2,515,296)(2,360.567)            -
Accumulated
 deficit, end
 of period $  (2,561,610) $(2,441,301)$(2,561,610)(2,441,301)  $(2,561,610)

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

Loss per
 common share
 basic and
diluted     $     (0.01) $      (0.01)

                                     10Q-5
                             GRIFFIN INDUSTRIES, INC.
                           (A DEVELOPMENT STAGE COMPANY)
                             STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                                    (in US$)





                               2002         2001          Period from
                                                       October 14, 1997
                                                       to June 30, 2002
OPERATING ACTIVITIES

Loss                    $   (51,314)   $ (80,734)     $     (2,561,610)
Add items not
 affecting cash:
 Accrued interest              (792)      (3,840)              (17,285)
 Depreciation
  expenses                        -            -                 1,415
 Office and
  miscellaneous
  expenses paid by
  stock  options             13,458        26,916              179,544
 Office and
  miscellaneous
  expenses paid by
  principal
  shareholder                32,254        22,304               85,767

                             ------        ------              -------
                             (6,394)      (35,354)          (2,312,169)

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


INVESTING ACTIVITIES

Purchase of capital
 assets                           -             -                (1,997)
Repayment of loan
 receivable from
 principal shareholder        6,295        18,293                51,875
Advances on loans





                                 10Q-6
receivable from
 principal shareholder            -              -              (125,000)
                             ------         ------               -------
Cash provided by (used
 in) investing
 activities                   6,295         18,293               (75,122)
FINANCING ACTIVITIES

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



Increase (decrease)
 in cash during the
 period                         (49)         (4,242)                  (2)
Cash and cash
 equivalents,
 beginning of period             47           4,761                    -
                             ------          ------           ----------
Cash and cash
 equivalents, end of
 period                    $     (2)       $    519        $          (2)




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






















                                     10Q-7
                         GRIFFIN INDUSTRIES, INC.
                 NOTES TO CONDENSED 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 has incurred significant losses and negative cash flow from
operations since its inception and has an accumulated deficit of $2,561,610 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 the
future.

     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
SEC rules and regulations.  Operating results for the quarter 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.

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
period the Company paid $nil [June 30, 2001- $nil] for management and
administrative services.  Additional management and administrative services with
a fair value of $15,000 were provided to the Company in exchange for the
settlement of the loan receivable from the Principal Stockholder during the
period (June 30, 2001 - $15,000).

     In 1998, the Company entered into an unsecured revolving loan agreement
with a director and major shareholder whereby he can borrow up to $125,000 at
7.75% per annum. At June 30,2002 the Company had a balance of $4,643 owing
from the director which matures June 30, 2003.

                                     10Q-8
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 convertinto five shares of common stock upon and subject to: a change in
control of theCompany; 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

[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 period ended June 30, 2002.



                                     10Q-9
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 FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

     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.

	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
vintention 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.






                                     10Q-10
LIQUIDITY AND CAPITAL RESOURCES

     The company has limited liquidity and capital resources.  The Company's
cash balances have decreased by $49.00 from the year ending December 31, 2001.
The Company has almost no cash and has ceased active operations.  To resume
active operations, 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 $4,643 including principal and interest, is
outstanding. The loan principal has been reduced by $15,000 during the period
ended June 30, 2002 which comprises the value of services which were provided
by Barretto Pacific  Corporation, a company wholly owned by Landon Barretto.
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 $108,359. Investment revenue decreased $3,054
from $3,846 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 $31,512 to $20,295 or 60% from the corresponding prior
year period. This decrease was primarily due to reduced operating and
acquisition activities during the period.

     Professional fees decreased for the three month period ending
June 30, 2002 from $6,244 to $4,312 or 28% 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 $31,842 to $16,282 or 51% from
the corresponding prior year period. Office and miscellaneous also includes
services valued at $15,000 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 January 1, 2001 to June 30, 2002, whose services were also

                                    10Q-11
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 11
OTHER INFORMATION


Item 6.	Exhibits and Reports on Form 8-k

(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).

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 6, 2002


                                     10Q-12