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 September 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 09-30-02
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-4
Statements of Cash Flows (unaudited)..................10Q-5
Notes to the Financial Statements.....................10Q-7

ITEM 2	MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATION..........10Q-9

PART II	OTHER INFORMATION

ITEM 6
EXHIBITS..............................................10Q-11
SIGNATURES ...........................................10Q-12





































                                     10Q-2
PART 1	FINANCIAL INFORMATION

Item 1	FINANCIAL STATEMENTS

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


                                           September 30,            December 31,
                                              2002                      2001

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

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


LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIENCY)
Current
Checks issued in excess of
 deposits                               $         3                $         -
Accounts payable and accrued
 liabilities                                 32,672                     33,331
Amounts due to principal stockholder         14,267                          -
                                         ----------                 ----------
Total current liabilities                    46,942                     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
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                      (2,586,268)                 (2,510,296)
                                        ----------                  --------

                                     10Q-3
Total stockholders' equity
 (deficiency)                              (46,360)                      9,698



Total liabilities and stockholders'
 equity (deficiency)                  $        582                $     43,029




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

                              Period From          Three Months     Three Months
                           October 14, 1997 to         Ended            Ended
                           September 30, 2002      September 30    September 30,
                                                       2002              2001

EXPENSES
Depreciation expense     $              1,415    $            -    $          -
Directors' fees                        18,250                 -               -
Office and miscellaneous            1,208,176            15,517          32,839
Professional fees                   1,056,037             1,706           1,993
Travel                                402,749                 -               -
                                   ----------        ----------      ----------
                                    2,686,627            17,223          34,832

OTHER INCOME
Investment income                     100,359                 -           1,159
                                   ----------        ----------      ----------
Loss for the period                (2,586,268)          (17,223)        (33,673)

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

Accumulated deficit,
 end of period           $         (2,586,268)   $   (2,586,268)   $ (2,474,974)

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-4
                                         Nine Months     Nine Months
                                           Ended            Ended
                                        September 30     September 30,
                                            2002              2001

EXPENSES
Depreciation expense                 $            -    $            -
Directors' fees                                   -                 -
Office and miscellaneous                     68,814            89,989
Professional fees                             7,950            29,423
Travel                                            -                 -
                                         ----------        ----------
                                             76,764           119,412

OTHER INCOME
Investment income                               792             5,005
                                         ----------        ----------
Loss for the period                         (75,792)         (114,407)

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

Accumulated deficit,
 end of period           $               (2,586,268)   $   (2,474,974)

Basic and diluted loss
 per common share                             (0.03)            (0.04)

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



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


                                    Period from     Nine Months    Nine Months
                                     October 14,        Ended         Ended
                                      1997 to      September 30,  September 30,
                                    September 30,      2002          2002
                                       2002

OPERATING ACTIVITIES
Loss for the period                $  (2,586,268)  $    (75,972)  $   (114,407)
Add items not affecting cash:
 Accrued interest income                 (17,285)          (792)        (4,999)
 Depreciation                              1,415              -              -
 Office and miscellaneous
  expenses paid by stock options         186,000         19,914         40,374
 Accrued office and miscellaneous
  expenses paid to principal
  stockholder                    	 103,052         49,539         45,044

                                    10Q-5
Changes in non-cash working capital
 items:
 Accounts payable and accrued
  liabilities                             32,672           (659)         4,644
                                       ---------      ---------      ---------
Net cash used in operating activities (2,280,414)        (7,970)       (29,344)


INVESTING ACTIVITIES
Purchase of capital assets                (1,997)             -              -
Repayment  of loan receivable from
 principal shareholder                    53,500          7,920         24,677
Advances on loans receivable from
 principal shareholder                  (125,000)             -              -
                                       ---------      ---------      ---------
Net cash provided by (used in)
 investing activities                    (73,497)         7,920         24,677

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

Decrease in cash and cash equivalents
 during the period                            (3)          (50)         (4,667)

Cash and cash equivalents, beginning
 of period                                     -            47           4,761

Cash and cash equivalents (checks
 issued in excess of deposits), end
 of period                            $       (3)  $        (3)   $         94























                                     10Q-6

                             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 $2,586,268 at September 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
Securities and Exchange Commission rules and regulations. Operating results for
the period ended September 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 nine
month period ended September 30, 2002, the Company paid $nil [September 30,
2001- $nil] for management and administrative services. Additional management
and administrative services with a fair value of $49,539 were provided to the
Company during the period.  These services were received in exchange for
settlement of the loan receivable of $35,272 and an amount due to the Principal
Stockholder of $14,267.


                                   10Q-7

2. RELATED PARTY TRANSACTIONS (CONT'D.)

     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 September 30,2002 the Company had a balance of
$nil owing from the director.

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 September 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

There have been no warrants issued during the nine month period ended
September 30, 2002.







                                       10Q-8
3. SALES OF UNREGISTERED SECURITIES (CONT'D.)

[c]	Stock options

As at September 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 nine month period
ended September 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
            FINANCIAL 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-9

	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 $50 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
September 30, 2002, there was no balance outstanding.

RESULTS OF OPERATIONS

THREE MONTHS ENDED SEPTEMBER 30, 2002 COMPARED TO THREE MONTHS ENDED
SEPTEMBER 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
September 30,2002 this totaled $100,359. Investment revenue decreased $1,159
from $1,159 or, 100.00% from the corresponding prior year period. This decrease
was due to reduced cash and cash equivalent balances and the settlement of the
loan receivable.

     Total costs and expenses decreased for the three month period ending
September 30,2002 from $34,832 to $17,223 or 50.55% from the corresponding prior
year period. This decrease was primarily due to reduced operating and
activities during the period.




                          10Q-10
     Professional fees decreased for the three month period ending
September 30, 2002 from $1,993 to $1,706 or 14.40% 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 services.

     Office and miscellaneous decreased from $32,839 to $15,517 or 52.75% 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
July 1, 2002 to September 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).
8)    Sarbanes-Oxley Section 302(a) Certification









                                    10Q-11
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: November 6, 2002


EXHIBIT 8a

GRIFFIN INDUSTRIES, INC.
Sarbanes-Oxley Section 302(a) Certification


I, Landon Barretto, 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 periods presented in this
   Quarterly 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;


                               10Q-12
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: November 6, 2002


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



























                                    10Q-13
EXHIBIT 8b

GRIFFIN INDUSTRIES, INC.
Sarbanes-Oxley Section 302(a) 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 periods presented in this Quarterly 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.







                                  10Q-14
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: November 6, 2002



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





































                                           10Q-15