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 March 31, 2003

                                     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)


			4766 South Holladay Blvd.
			 Holladay, UT 84117
               (Address of principal executive offices)

                           (801) 273-9300
                      (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:

	The number of shares outstanding of the issuer's common stock,
$0.001 par value, as of May 15, 2003 was 2,869,633.




                                   INDEX

PART I - FINANCIAL INFORMATION

Item 1 -	Financial Statements (unaudited)..............................10Q-3
		  Balance Sheets..............................................10Q-3
		  Statements of Operations....................................10Q-5
		  Statements of Stockholders Equity (Deficiency)..............10Q-6
		  Statements of Cash Flows....................................10Q-6
		  Notes to Financial Statements...............................10Q-8

Item 2 -	Management Discussion and Analysis or
		Plan of Operations............................................10Q-10

Item 3 -	Control and Procedures........................................10Q-11

PART II - OTHER INFORMATION

Item 6 -	EXHIBITS......................................................10Q-12

		SIGNATURES....................................................10Q-13

PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

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

                                 March 31, 2003          December 31, 2002

ASSETS

Current asset

Deferred tax asset less
  valuation allowance of
  $836,200 (December 31,
  2002 - $832,900)      	$	     -           $              -
			        --------------           ----------------
Total current asset                          -                          -

Computer equipment                         407                         407
                                 --------------          -----------------

Total assets                	$          407      	$              407
                                 --------------          -----------------
                                 --------------          -----------------

LIABILITIES AND STOCKHOLDERS'
  DEFICIENCY

Current liabilities

Checks issued in excess
  of deposits                	$          115          $               24
Accounts payable and
  accrued liabilities			42,110                      39,110
Amount due to principal
  stockholder (Note 4)			28,037			    21,567
                                 -------------            ----------------
Total current liabilities               70,262                      60,701
                                 -------------            ----------------

Commitment and contingency
  (Note 6)

Stockholders' deficiency

Preferred stock (Note 5)
  Authorized
    5,000,000 preferred shares
    with a par value of $0.001
    per share
  Issued and outstanding
    2,500,000 preferred shares
    (December 31, 2002 -
    2,500,000)                           2,500                       2,500
Common stock (Note 5)
  Authorized
    50,000,000 common shares
    with a par value of $0.001
    per share
  Issued and outstanding
    2,869,633 common shares
    (December 31, 2002 -
    2,869,633)                           2,869                       2,869
Additional paid-in capital           2,534,539                   2,534,539
Deficit accumulated during
  development stage                 (2,609,763)                 (2,600,202)
                                    ----------                  ----------
Total stockholders' deficiency         (69,855)                    (60,294)
                                    ----------                  ----------

Total liabilities and
  stockholders' deficiency       $         407           $             407
                                   -----------                  ----------
                                   -----------                  ----------

See accompanying notes.

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

			     Three Months  Three Months		Period from
                                    Ended	  Ended    	October 14,
				March 31,     March 31,       1997 to March
                                     2003         2002		   31, 2003

EXPENSES
  Depreciation expense                   -             -              1,590
  Directors' fees                        -             -             18,250
  Office and miscellaneous           6,561        29,580          1,220,964
  Professional fees                  3,000         1,182          1,066,569
  Travel                                 -             -            402,749
                                ----------      --------         ----------

Loss before interest income         (9,561)      (30,762)        (2,710,122)

Interest income                          -           452            100,359
                                 ---------      --------          ---------

Loss before income taxes            (9,561)      (30,310)        (2,609,763)

Provision for income taxes               -             -                  -
                                 ---------      --------          ---------

Net loss                            (9,561)      (30,310)        (2,609,763)
                                 ---------      --------          ---------
                                 ---------      --------          ---------
Weighted average number
  of common shares
  outstanding - basic
  and diluted			 2,869,633     2,869,633
                                 ---------      --------
                                 ---------      --------

Net loss per common share -
  basic and diluted		 $   (0.01)  $     (0.01)
                                 ---------      --------
                                 ---------      --------

See accompanying notes.

GRIFFIN INDUSTRIES, INC.
(A Development Stage Company)
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
(UNAUDITED)
(in US$)

					Common				Preferred
					Shares				Shares
				Number of	Amount		Number of	Amount
				Shares				Shares

Balance, October 14, 1997	      -	      $      -			-     $      -

Issuance of common stock
  (Note 5)			700,000		   700		        -   	     -
Issuance of preferred
  stock (Note 5)		      -   	     -   	2,500,000	 2,500
Shares to be issued
  (Note 5)			139,000		   139			-   	     -
Stock issue costs
  (Note 5)		              -              -   		-   	     -
Net loss			      -   	     -   		-   	     -
				-------	       -------		---------	------
Balance,December 31, 1997	839,000	     	   839		2,500,000	 2,500
Issuance of common
  stock (Note 5)	      1,457,633		 1,457		        -   	     -
Stock issue costs
  (Note 5)		              -   	     -   		-   	     -
Net loss			      -   	     -   		-   	     -
				-------	       -------		---------	------
Balance, December 31, 1998    2,296,633	         2,296		2,500,000	 2,500

Issuance of common
  stock (Note 5)	         23,000	            23		        -   	     -
Stock issue costs
  (Note 5)		              -   	     -   		-   	     -
Issuance of common
  stock for services
  (Note 5)		        550,000	           550		        -   	     -
Net loss			      -   	     -   		-   	     -
				-------	       -------		---------	------
Balance, December 31, 1999    2,869,633          2,869		2,500,000	 2,500

Stock compensation
  expense (Note 5)		      -   	     -   		-   	     -
Net loss			      -   	     -   		-   	     -

				-------	       -------		---------	------
Balance, December 31, 2000    2,869,633          2,869		2,500,000	 2,500

Stock compensation
  expense (Note 5)	              -   	     -   		-   	     -
Net loss			      -   	     -   		-   	     -
				-------	       -------		---------	------
Balance, December 31, 2001    2,869,633          2,869		2,500,000	 2,500

Stock compensation
  expense (Note 5)	              -   	     -   		-   	     -
Net loss			      -   	     -   		-   	     -
				-------	       -------		---------	------
Balance, December 31, 2002    2,869,633      $   2,869		2,500,000     $  2,500

Net loss			      -   	     -   		-   	     -
				-------	       -------		---------	------
Balance, March 31, 2003       2,869,633      $   2,869		2,500,000     $  2,500

See accompanying notes.

GRIFFIN INDUSTRIES, INC.
(A Development Stage Company)
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
(UNAUDITED)
(in US$)

                             Additional   Unearned 	  Accumulated       Total
                             Paid-in 	  Compensation    Deficit Under
			     Capital                      Development
                                                          Stage

Balance, October 14, 1997  $         -    $        -   	  $  	  -     $       -

Issuance of common stock
  (Note 5)			     -		   -		  -	      700
Issuance of preferred
  stock (Note 5)		     -		   -		  -	    2,500
Shares to be issued
  (Note 5)		       138,861		   -   		  -       139,000
Stock issue costs
  (Note 5)		      (141,323)	     	   -   		  -	 (141,323)
Net loss	                     -      	   -   	    (33,637)      (33,637)
			   ------------   ----------        --------     --------
Balance, December 31, 1997	(2,462)	           _  	    (33,637)      (32,760)

Issuance of common
  stock (Note 5)	     2,649,443		   -   		  -     2,650,900
Stock issue costs
  (Note 5)		      (358,012)	           -   	          -      (358,012)
Net loss	                     -   	   -   	 (1,147,607)   (1,147,607)
			    ----------	  ----------	 -----------   ----------
Balance, December 31, 1998   2,288,969	           -     (1,181,244)    1,112,521

Issuance of common
  stock (Note 5)		68,977		   -	          -   	   69,000
Stock issue costs
  (Note 5)		        (8,857)	           -   		  -        (8,857)
Issuance of common
  stock for services
  (Note 5)		       185,450	    (127,578)		  -   	   58,422
Net loss	                     -   	   -   	   (716,311)     (716,311)
                             ---------     ---------      ----------    --------
Balance, December 31, 1999   2,534,539	    (127,578)	 (1,897,555)	  514,775

Stock compensation
  expense (Note 5)		     -        53,832        	  -	   53,832
Net loss	                     -   	   -  	   (463,012)     (463,012)
			    ----------	   ---------	 ----------	 --------
Balance, December 31, 2000   2,534,539	     (73,746)	 (2,360,567)	  105,595

Stock compensation
  expense (Note 5)	             -        53,832		  -        53,832
Net loss	                     -             -       (149,729)     (149,729)
			    ----------	    --------      ---------       -------
Balance, December 31, 2001   2,534,539	     (19,914)	 (2,510,296)	    9,698

Stock compensation
  expense (Note 5)	             -        19,914		  -        19,914
Net loss	                     -             -        (89,906)      (89,906)
			    ----------	    --------      ---------       -------
Balance, December 31, 2002   2,534,539	           -	 (2,600,202)	  (60,294)

Net loss	                     -             -         (9,561)       (9,561)
			    ----------	    --------      ---------       -------
Balance, March 31, 2003	     2,534,539	           -	 (2,609,763)	  (69,855)
			    ----------	    --------      ---------       -------
			    ----------	    --------      ---------       -------
See accompanying notes.

(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
(UNAUDITED)
(in US$)

			     Three Months  Three Months		Period from
                                    Ended	  Ended    	October 14,
				March 31,     March 31,       1997 to March
                                     2003         2002		   31, 2003

OPERATING ACTIVITIES

Net loss                        $  (9,561)  $   (30,310)     $   (2,609,763)
Add items not
affecting cash:
  Accrued interest                      -          (452)            (17,285)
  Depreciation expense                  -             -               1,590
  Office and
    miscellaneous
    expenses paid by
    stock options                       -        13,458             186,000
  Office and
    miscellaneous
    expenses paid by
    principal stockholder           6,470        15,647             115,522
Changes in non-cash working
  capital items:
  Increase in accounts
    payable and  accrued
    expenses                        3,000        (1,950)             42,110
                                ---------     ---------           ---------

Cash used in operating
  activities                          (91)       (3,607)         (2,281,826)
                                ---------     ---------           ---------

INVESTING ACTIVITIES

Repayment of loan
  receivable from principal
  stockholder                           -         3,425              54,800
Purchase of capital assets              -             -              (1,997)
Advances on loan
  receivable from principal
  stockholder                           -             -            (125,000)
                                ---------     ---------           ---------

Cash provided by (used in)
  operating activities                  -         3,425             (72,197)
                                ---------     ---------           ---------

FINANCING ACTIVITIES

Proceeds from issuance of
  common and preferred stock            -             -           2,353,908
                                ---------     ---------           ---------

Cash provided by financing
  activities                            -             -           2,353,908
                                ---------     ---------           ---------

Decrease in cash and
  cash equivalents                   ( 91)        ( 182)               (115)

Cash and cash equivalents,
  (checks issued in excess
  of deposits),
  beginning of period                 (24)           47                   -
                                ---------     ---------           ---------

Cash and cash equivalents
  (checks issued in excess
  of deposits), end of
  period                        $    (115)      $  (135)          $    (115)
                                ---------     ---------           ---------
                                ---------     ---------           ---------

See accompanying notes.

GRIFFIN INDUSTRIES, INC.
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
(in US$)

1.	NATURE OF BUSINESS AND BASIS OF PRESENTATION

	The accompanying unaudited interim financial statements have been
prepared by the Company in conformity with generally accepted accounting
principles in the United States of America for interim financial statements. In
the opinion of management, the accompanying unaudited interim financial
statements contain all adjustments necessary (consisting of normal recurring
accruals) to present fairly the financial information contained therein.  These
unaudited interim financial statements do not include all disclosures required
by generally accepted accounting principles in the United States of America and
should be read in conjunction with the audited financial statements of the
Company for the year ended December 31, 2002. The results of operations for the
three month period ended March 31, 2003 are not necessarily indicative of the
results to be expected for the year ending December 31, 2003.

	Griffin Industries, Inc. (the "Company") was incorporated under the laws
of Maryland on October 14, 1997. The current business plan of the Company 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 is considered to be a development stage 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 re-incorporation of the Company into Delaware.

2.	GOING CONCERN AND MANAGEMENT PLANS

	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.
However, the Company has incurred significant losses and negative cash flow from
operations since its inception and has an accumulated deficit of $2,609,763 at
March 31, 2003 (December 31, 2002 - $2,600,202). A substantial portion of the
losses are 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.  Management's plan in this
regard is to complete additional financing or generate profitable operations
in the future.  Such financings may not be available or may not be available
on reasonable terms. 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.

3.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Stock-based compensation

	The Company has elected to follow the intrinsic value approach of
Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to
Employees" ("APB 25"), and related interpretations, in accounting for its
employee stock options and warrants rather than the alternative fair value
accounting allowed by Statements of Financial Accounting Standards No. 123,
"Accounting for Stock-Based Compensation" ("SFAS 123").  APB 25 provides that
the compensation expense relative to the Company's employee stock options and
warrants is measured based on the intrinsic value of the stock option or
warrant. SFAS 123 permits companies to continue to follow APB 25 and provide
pro-forma disclosure of the impact of applying the fair value method of
SFAS 123.

	The following table illustrates the effect on loss and loss per common
share if the Company had applied the fair value recognitiion provisions of SFAS
123 to stock-based employee compensation.

			     	   Three Months  Three Months    Period from
                                          Ended	        Ended  	 October 14,
				      March 31,     March 31,  1997 to March
                                     	   2003          2002	    31, 2003

Net loss, as reported		     $   (9,561)  $   (30,310)	$ (2,609,763)
Add:  Total stock-based employee
compensation expense included in
loss, as reported determined under
APB 25, net of related tax effects 	      -	            -              -
Deduct:  Total stock-based employee
compensation expense determined
under fair value based method for
all awards, net of related tax
effects	        			      -	            - 	           -
                           	      ---------      --------      ---------

Pro forma loss			     $   (9,561)  $   (30,310)	$ (2,609,763)

Loss per common share -
  basic and diluted, as reported     $    (0.01)  $     (0.01)


Loss per common share -
  basic and diluted, pro forma       $    (0.01)  $     (0.01)

4.	RELATED PARTY TRANSACTIONS

	Substantially all of the Company's operations are managed by the Company's
principal stockholder and some executive, management and administrative services
are provided by a company wholly-owned by the principal stockholder. During
the three month period ended March 31, 2003, the Company paid or incurred $6,470
(March 31, 2002 - $15,647) for management and administrative services to the
principal stockholder.  The Company did not incur any additional management and
administrative services relating to unearned compensation during the three
month period ended March 31, 2003 (March 31, 2002 - $13,458).  Amounts due to
the principal stockholder are unsecured, non-interest bearing and have no
fixed terms of repayment.

5.	COMMON STOCK

Warrants

	During the three month period ended March 31, 2003, 500,000 warrants
with an exercise price of $1.00 expired unexercised.

	As at March 31, 2003, the following warrants were outstanding:

Number                    Exercise                             Expiry
of Shares                   Price                               Date

388,000                     1.00                  December 1, 2003
100,000                     1.00                  December 1, 2003
100,000                     1.00                  December 31,2004

Stock options

	During the three month period ended March 31, 2003, 20,000 stock
options with an exercise price of $1.00 expired unexercised.

As at March 31,2003 the following stock options were outstanding:


Number                     Exercise                         Expiry
of Shares                    Price                           Date

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 other stock option activity during the three month
period ended March 31, 2003.

6.	COMMITMENT AND CONTINGENCY

	On March 24, 2003, the Company entered into a stock purchase agreement
(the "Agreement") with Global Funding Group, Inc. ("Global"), a Utah
corporation and our controlling stockholder.  Pursuant to the Agreement,
Global will purchase 3,000,000 shares of the Company's authorized but
unissued shares of common stock for an aggregate purchase price $25,000.  In
addition, Global will purchase all of the Company's common stock
owned by the Company's controlling stockholder, being 934,330 shares of common
stock and 2,500,000 shares of series A preferred stock, for an aggregate
purchase price of $1,000.  In addition, Global will enter into a consulting
agreement with this stockholder to provide transition assistance to Global.

        The Agreement requires that the Company use the entire $25,000 to
settle outstanding payables with any amounts in excess of the $25,000
required to be personally settled by the Company's controlling stockholder.
The Agreement also requires the assignment to a third party of certain amounts
due to the controlling stockholder.  The Agreement also provides for
mutual indemnification of the parties.  If the closing is not accomplished by
Apirl 30, 2003, the Agreement will automatically terminate unless the parties
sign a written extension.

	On April 10, 2003, the Agreement was consumated.

7.	SEGMENTED INFORMATION

	The Company operates in one segment, being the identification and
evaluation of opportunities for the acquisition of Internet-based businesses,
in the United States.

ITEM 2 - MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

     The following discussion and analysis should be read in conjunction with
the financial statements and notes appearing elsewhere in this report
and with "Management Discussion and Analysis or Plan of Operations" presented
in the Company's 2002 Annual Report on Form 10-KSB.

	INTRODUCTORY NOTE

	Certain statements in this section and elsewhere in this quarterly report
on Form 10-QSB are forward-looking in nature and relate to the Company's plans,
objectives, estimates and goals. words such as "expects," "anticipates,"
"intends," "plans," "projects," "forecasts," "believes," and "estimates," and
variations of such words and similar expressions, identify such forward-looking
statements.  Such statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and speak only as of the
date of this report. The statements are based on current expectations, are
inherently uncertain, are subject to risks and uncertainties and should be
viewed with caution.  Actual results and experience may differ materially from
those expressed or implied by the forward-looking statements as a result of many
factors, including, without limitation, those set forth under "Risk Factors" in
the Company's most recent annual report on Form 10-KSB.  Although we believe
that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements.

	Except as required by applicable law, including the securities laws of
the United States, we do not intend to update any of the forward-looking
statements to conform these statements to actual results.

	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
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 $91 from the year ending December 31, 2002.
The Company has 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 it needs.

	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.

	RESULTS OF OPERATIONS

	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
March 31,2002, this totaled $100,359. Investment revenue decreased $452
from $452 or, 100% 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
March 31,2003, from $30,762 to $9,561 or 69% from the corresponding prior
year period. This decrease was primarily due to reduced operating and
acquisition activities during the period.

	Professional fees increased for the three month period ending
March 31, 2003, from $1,182 to $3,000, or 153% from the corresponding prior
year period, primarily as a result of fees we have paid for legal and
accounting.

	Office and miscellaneous decreased from $29,580 to $6,561 or 78% from
the corresponding prior year period. This is primarily due to services valued
at $6,000 provided 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, 2003 to March 31, 2003,


                                     10Q-11

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.


	CRITICAL ACCOUNTING POLICIES

	The Company's discussion and analysis of its financial condition and
results of operations, including the discussion on liquidity and capital
resources, are based upon the Company's financial statements, which have been
prepared in accordance with generally accepted accounting principles in the
United States of America.  The preparation of these financial statements
requires the Company to make estimates and judgments that affect the reported
amounts of assets, liabilities, revenues and expenses, and related disclosure
of contingent assets and liabilities. On an ongoing basis, management re-
evaluates its estimates and judgments, particularly those related to the
determination of the estimated recoverable amounts of deferred tax assets.
The Company believes the following critical accounting policies require its
more significant judgment and estimates used in the preparation of the
financial statements.

	Income taxes are accounted for under the asset and liability method.  Under
this method, to the extent that it is not more likely than not that a deferred
tax asset will be recovered, a valuation allowance is provided.  In making this
determination, the Company considers estimated future taxable income and taxable
timing differences expected to reverse in the future.  Actual results may differ
from those estimates.

	RELATED PARTY TRANSACTIONS

	Substantially all of the Company's operations are managed by the Company's
principal stockholder and some executive, management and administrative services
are provided by a company wholly-owned by the principal stockholder. During
the three month period ended March 31, 2003, the Company paid or incurred $6,470
(March 31, 2002 - $15,647) for management and administrative services to the
principal stockholder.  The Company did not incur any additional management and
administrative services relating to unearned compensation during the three
month period ended March 31, 2003 (March 31, 2002 - $13,458).  Amounts due to
the principal stockholder are unsecured, non-interest bearing and have no fixed
terms of repayment.

ITEM 3 - CONTROLS AND PROCEDURES

	We maintain disclosure controls and procedures that are designed to ensure
that information required to be disclosed in our reports filed pursuant to the
Securities Exchange Act of 1934 are recorded, processed, summarized and reported
within the time periods specified in the rules and forms promulgated under such
Act, and that such information is accumulated and communicated to management,
including its Chief Executive Officer and Chief Financial Officer, as
appropriate, to allow timely decisions regarding required disclosure.

	Within 90 days prior to the date of this report, management carried out an
evaluation, under the supervision and with the participation of the management,
including the Chief Executive Officer and Chief Financial Officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures pursuant to Exchange Act Rule 13a-14.  Based upon the foregoing, the
Chief Executive Officer and Chief Financial Officer concluded that our
disclosure controls and procedures are effective in connection with the filing
of this quarterly report on Form 10-QSB for the quarter ended March 31, 2003.

There were no significant changes in our internal controls or in other factors
that could significantly affect these controls subsequent to the date of their
evaluation, including any significant deficiencies or material weaknesses of
internal controls that would require corrective action.

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).

c) Form 8-K

	We filed a Form 8-K on March 26, 2003 regarding a change in our independent
accountant.

	we filed a Form 8-k on April 8, 2003 regarding a change in control of the
company.

	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
                   Acting Chief Executive Officer


Date: May 15, 2003

                                     10Q-12

	SECTION 906 CERTIFICATION

	In connection with the Quarterly Report of Griffin Industries, Inc. (the
"Company") on Form 10-QSB for the period ended March 31, 2003, as filed with the
Securities Exchange Commission on the date hereof (the "Report"), I, Landon
Baretto, acting, Chief Executive Officer of the Company, certify, pursuant to
18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, that:

	(1) The Report fully complies with the requirements of Section 13(a)
	    or 15(d) of the Securities Exchange Act of 1934; and
	(2) The information contained in the Report fairly presents, in all
	    material respects, the financial condition and results of operations
	    of the Company.

Date:	May 15, 2003


/S/ Landon Barretto
-----------------------
Landon Barretto
Chief Executive Officer

	SECTION 906 CERTIFICATION

In connection with the Quarterly Report of Griffin Industries, Inc. (the
"Company") on Form 10-QSB for the period ended March 31, 2003, as filed with the
Securities Exchange Commission on the date hereof (the "Report"), I, Landon
Baretto, acting, Chief Financial Officer of the Company, certify, pursuant to
18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, that:

	(1) The Report fully complies with the requirements of Section 13(a)
	    or 15(d) of the Securities Exchange Act of 1934; and
	(2) The information contained in the Report fairly presents, in all
	    material respects, the financial condition and results of operations
	    of the Company.

Date:	May 15, 2003


/S/ Landon Barretto
-----------------------
Landon Barretto
Acting Chief Financial Officer

	SECTION 302 CERTIFICATION

	I, Landon Barretto, acting Chief Executive Officer, certify that:

	1. I have reviewed this Quarterly report on Form 10-QSB of Griffin
	   Industries, Inc.

	2. Based on my knowledge, this Quarterly report does not contain any untrue
           statement of a material fact or omit to state a material fact
           necessary to  make the statements made, in light of the circumstances
           under which such statements were made, not misleading with respect to
           the period covered by this Quarterly report;

	3. Based on my knowledge, the financial statements, and other financial
           information included in this Quarterly report, fairly present in all
   	   material respects the financial condition, results of operations and
	   cash flows of the registrant as of, and for, the period presented in
	   this annual report;

	4. The registrant's other certifying officers and I are responsible for
           establishing and maintaining disclosure controls and procedures (as
	   defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant
	   and we have:

		a) designed such disclosure controls and procedures to ensure that
		   material information relating to the registrant, including its
		   consolidated subsidiaries, is made known to us by others within
		   those entities, particularly during the period in which this
		   Quarterly report is being prepared;
		b) evaluated the effectiveness of the registrant's disclosure
		   controls and procedures as of a date within 90 days prior to
		   the filing date of this Quarterly report (the "Evaluation
		   Date"); and
		c) presented in this Quarterly report our conclusions about the
		   effectiveness of the disclosure controls and procedures based on
		   our evaluation as of the Evaluation Date;

	5. The registrant's other certifying officers and I have disclosed, based on
   	   our most recent evaluation, to the registrant's auditors and the audit
   	   committee of registrant's board of directors (or persons performing the
   	   equivalent functions):

		a) all significant deficiencies in the design or operation of
		   internal controls which could adversely affect the registrant's
		   ability to record, process, summarize and report financial data
		   and have identified for the registrant's auditors any material
		   weaknesses in internal controls; and
		b) any fraud, whether or not material, that involves management or
		   other employees who have a significant role in the registrant's
		   internal controls.

	6. The registrant's other certifying officers and I have indicated in this
   	   Quarterly report whether or not there were significant changes in
	   internal controls or in other factors that could significantly affect
	   internal controls subsequent to the date of our most recent evaluation,
	   including any corrective actions with regard to significant deficiencies
	   and material weaknesses.

Date:	May 15, 2003


/S/ Landon Barretto
-----------------------
Landon Barretto
acting Chief Executive Officer

				10-Q13


                             GRIFFIN INDUSTRIES INC.
	                   SECTION 302 CERTIFICATION

	I, Landon Barretto, acting Chief Financial Officer, certify that:

	1. I have reviewed this Quarterly report on Form 10-QSB of Griffin
	   Industries, Inc.

	2. Based on my knowledge, this Quarterly report does not contain any untrue
           statement of a material fact or omit to state a material fact
           necessary to  make the statements made, in light of the circumstances
           under which such statements were made, not misleading with respect to
           the period covered by this Quarterly report;

	3. Based on my knowledge, the financial statements, and other financial
           information included in this Quarterly report, fairly present in all
   	   material respects the financial condition, results of operations and
	   cash flows of the registrant as of, and for, the period presented in
	   this annual report;

	4. The registrant's other certifying officers and I are responsible for
           establishing and maintaining disclosure controls and procedures (as
	   defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant
	   and we have:

		a) designed such disclosure controls and procedures to ensure that
		   material information relating to the registrant, including its
		   consolidated subsidiaries, is made known to us by others within
		   those entities, particularly during the period in which this
		   Quarterly report is being prepared;
		b) evaluated the effectiveness of the registrant's disclosure
		   controls and procedures as of a date within 90 days prior to
		   the filing date of this Quarterly report (the "Evaluation
		   Date"); and
		c) presented in this Quarterly report our conclusions about the
		   effectiveness of the disclosure controls and procedures based on
		   our evaluation as of the Evaluation Date;

	5. The registrant's other certifying officers and I have disclosed, based on
   	   our most recent evaluation, to the registrant's auditors and the audit
   	   committee of registrant's board of directors (or persons performing the
   	   equivalent functions):

		a) all significant deficiencies in the design or operation of
		   internal controls which could adversely affect the registrant's
		   ability to record, process, summarize and report financial data
		   and have identified for the registrant's auditors any material
		   weaknesses in internal controls; and
		b) any fraud, whether or not material, that involves management or
		   other employees who have a significant role in the registrant's
		   internal controls.

	6. The registrant's other certifying officers and I have indicated in this
   	   Quarterly report whether or not there were significant changes in
	   internal controls or in other factors that could significantly affect
	   internal controls subsequent to the date of our most recent evaluation,
	   including any corrective actions with regard to significant deficiencies
	   and material weaknesses.

Date:	May 15, 2003


/S/ Landon Barretto
-----------------------
Landon Barretto
Chief Financial Officer