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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



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FORM 10-QSB

|     |  |                                                                                         
|---- |  | ----------------------------------------------------------------------------------------
|[X]  |  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 
|     |  | For the quarterly period ended September 30, 2002.                                      
|    
|[  ] |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
|     |  | For the transition period from
to
.                                                     

Commission file number: 33-17264-NY

PATCO INDUSTRIES, LTD.

(Exact name of registrant as specified in its charter)


|                                                                            |  |                                               
|--------------------------------------------------------------------------- |  | ----------------------------------------------
|Delaware(State or other jurisdiction of
incorporation or organization)      |  | 11-2856146(I.R.S. Employer
Identification No.)
|                                                                           
|333 Granite Street, Ashland, Oregon(Address of principal executive offices) |  | 97520(Zip Code)                               

(541) 482-5757
(Registrants telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months
(or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to filing requirements for the past 90 days.
Yes [ ] No [X]

There were 178,562,500 shares of common stock
outstanding on November 24, 2002.

Transitional Small Business Disclosure Format (check one): Yes [   ] No [X]





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TABLE OF CONTENTS



|                  |                                                                    |  |  |  |  |  |  | 
|----------------- | ------------------------------------------------------------------ |  |  |  |  |  |  | 
|PART I           
|                  | ITEM 1. FINANCIAL STATEMENTS.                                     
|                  | ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
|PART II          
|                  | ITEM 1. LEGAL PROCEEDINGS.                                        
|                  | ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.                
|                  | ITEM 3. DEFAULTS UPON SENIOR SECURITIES.                          
|                  | ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.      
|                  | ITEM 5. OTHER INFORMATION.                                        
|                  | ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.                         
|SIGNATURES       
|INDEX TO EXHIBITS
|Exhibit 99.1     



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PART I




ITEM 1. FINANCIAL STATEMENTS.

Patco Industries, Ltd.
Balance Sheet
September 30, 2002
(Amounts expressed in United States dollars unless otherwise stated)

|                                                                               |  |   |        | 
|------------------------------------------------------------------------------ |  | - | ------ | 
|ASSETS                                                                         |  |   |        | 
|Current Assets                                                                 |  |   | 0      | 
|Other Assets:                                                                  |  |   |        | 
|Organizational Costs                                                           |  | $ | 22,760 | 
|                                                                               |  |   |        | 
|Total Other Assets                                                             |  | $ | 22,760 | 
|                                                                               |  |   |        | 
|Total Assets                                                                   |  | $ | 22,760 | 
|                                                                               |  |   |        | 
|LIABILITIES & EQUITY                                                           |  |   |        | 
|Liabilities:                                                                   |  |   |        | 
|Demand Note                                                                    |  | $ | 11,450 | 
|Professional Fees Payable                                                      |  |   | 8,950  | 
|Accrued Interest                                                               |  |   | 2,181  | 
|                                                                               |  |   |        | 
|Total Liabilities                                                              |  | $ | 22,581 | 
|                                                                               |  |   |        | 
|Shareholders Equity:                                                          |  |   |        | 
|Common Stock300,000,000 shares authorized; 178,562,500 issued
and outstanding |  |   | 179    | 
|                                                                               |  |   |        | 
|Total Shareholders Equity                                                     |  |   | 179    | 
|                                                                               |  |   |        | 
|Total Liabilities & Equity                                                     |  | $ | 22,760 | 
|                                                                               |  |   |        | 

NOTE TO FINANCIAL STATEMENTS

The Company is not a going business concern, therefore, none of the
related statements apply. The accompanying unaudited financial statements have
been prepared in accordance with generally accepted accounting principles for
interim financial statements. Certain information and footnote disclosures
required by generally accepted accounting principles for complete financial
statements have been condensed or omitted. The balance sheet was prepared on
the assumption that the Company has no continuing operations or plans for
future operations.





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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

This quarterly report contains forward-looking statements within the meaning of
the federal securities laws. These include statements about our expectations,
beliefs, intentions or strategies for the future, which we indicate by words or
phrases such as anticipate, expect, intend, plan, will, we believe,
the Company believes, management believes and similar language. The
forward-looking statements are based on our current expectations and are
subject to certain risks, uncertainties and assumptions. Our actual results
may differ materially from results anticipated in these forward-looking
statements. We base our forward-looking statements on information currently
available to us, and we assume no obligation to update them.

The Company is a shell corporation with no operations or income. The
Company is exploring the possibility of engaging in a reverse merger with a
private company that has current operations. There can be no assurance that
the Company will be successful at consummating such a transaction.




PART II




ITEM 1. LEGAL PROCEEDINGS.

None.




ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.

None.




ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.




ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.




ITEM 5. OTHER INFORMATION.

None.




ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

| |  |     |  |                                                                                                                                                             
| |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | (a) |  | Exhibits
99.1    Certification of Chief
Executive Officer Pursuant to 18 U.S.C. §1350, as Adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
| |  | (b) |  | Reports on Form 8-K: none                                                                                                                                   





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SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

|                        |                        |     |  |                                            
|----------------------- | ---------------------- | --- |  | -------------------------------------------
|                        | PATCO INDUSTRIES, LTD.
|                       
|                       
|Date:  December 3, 2002 |                        | By: |  | /s/ William C. Patridge                    
|                        |                        |     |  |                                            
|                        |                        |     |  | William C. Patridge
Chief Executive Officer





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CERTIFICATION

I, William C. Patridge, certify that:

1.     I have reviewed this quarterly
report on Form 10-QSB of Patco Industries, Ltd.;

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; and

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.

Date: December 3, 2002.



|    |                                                                                       
|--- | --------------------------------------------------------------------------------------
|By: | /s/  William C. Patridge                                                              
|    |                                                                                       
|    | William C. Patridge                                                                   
|    | Chief Executive Officer (principal executive
officer and principal financial officer)*



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|  |                                                                                                                                                                               
|- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|* | The Company does not have a Chief Financial Officer.  Mr. Patridge is currently serving as the Chief Executive Officer and
    the principal financial officer of the Company.



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INDEX TO EXHIBITS

|            |  |                                                                                                                                             
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description                                                                                                                                 
|            |  |                                                                                                                                             
|99.1        |  | Certification of Chief Executive Officer Pursuant to 18 U.S.C. § 1350, as
Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.