UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   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 June 30, 2002

       OR

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

       For the transition period from ___________, 19___ to ___________,
       19___.


                       Commission File Number: 0-17204

                                 INFINITY, INC.
          (Exact Name of Small Business Issuer as Specified in its Charter)

          Colorado                                    84-1070066
(State or Other Jurisdiction of         (IRS Employer Identification Number)
Incorporation or Organization)

                             211 West 14th Street
                             Chanute, Kansas 66720
           Address of Principal Executive Offices, Including Zip Code

                               (620) 431-6200
                (Issuer's Telephone Number, Including Area Code)

                                    N/A
              (Former Name, Former Address, and Former Fiscal Year,
                          if Changed Since Last Report)

Check whether the Issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act 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 such filing requirements for the past 90 days.

                            [X]  Yes       [ ]  No



There were 7,420,073 shares of the Registrant's Common Stock outstanding as of
August 13, 2002.












                               INFINITY, INC.
                                FORM 10-QSB

                                   INDEX

                                                                      Page
Part I   Financial Information                                       Number

    Item 1.  Financial Information:

             Consolidated Balance Sheets.......................        3

             Consolidated Statements of Operations  ...........        4

             Consolidated Statements of Comprehensive
             Income (loss) ....................................        6

             Consolidated Statement of Changes in
             Stockholders' Equity .............................        7

             Consolidated Statements of Cash Flows ............        8

             Notes Consolidated Financial Statements ..........       10

     Item 2. Management's Discussion and Analysis or
             Plan of Operations ...............................       14


Part II:     Other Information.................................       21

Signatures ....................................................       23



























                                      2



                        INFINITY, INC. AND SUBSIDIARIES
                          CONSOLIDATED BALANCE SHEETS

                                    ASSETS

                                               June 30, 2002   Dec. 31, 2001
                                               -------------   -------------
Current Assets                                  (Unaudited)
  Cash                                         $    711,920    $    665,898
  Accounts Receivable, less allowance for
   doubtful accounts of $25,865 (2002) and
   $10,000 (2001)                                 1,565,998       1,599,883
  Investment Securities                           4,015,835         750,000
  Other Receivables                                 871,651            -
  Inventories                                       376,690         350,216
  Prepaid Expenses                                  100,520         104,095
  Notes Receivable Current Portion                   11,004            -
                                               ------------    ------------
     Total current assets                         7,653,618       3,470,092

Oil and gas properties, using full cost
 accounting net of accumulated depreciation,
 depletion and amortization
  Subject to amortization                        14,628,034       4,785,955
  Not subject to amortization                     9,216,627      12,404,906
Property and equipment, at cost, less
 accumulated depreciation and impairment         10,746,332      10,343,145
Intangible assets, at cost, less accumulated
 amortization                                     3,613,121       1,526,519
Notes Receivable, less current portion            1,608,996            -
Other Assets, net                                   452,888         566,475
                                               ------------    ------------
     Total assets                              $ 47,919,616    $ 33,097,092
                                               ============    ============

                    LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Current portion of long-term debt            $  2,642,774    $  3,342,193
  Accounts Payable                                1,568,655       2,591,243
  Accrued Expenses                                   48,341         391,309
                                               ------------    ------------
     Total Current Liabilities                    4,259,770       6,324,745

Long-term Liabilities
  Deferred income taxes                             692,028       1,144,028
  8% subordinated convertible notes payable       4,463,000       6,475,000
  7% subordinated convertible notes payable      12,540,000            -
  Long-term debt, less current portion            5,045,539       3,946,214
                                               ------------    ------------
     Total Liabilities                           27,000,337      17,889,987
                                               ------------    ------------
Stockholders' Equity
  Common stock, par value $.0001, authorized
   300,000,000 shares, issued and outstanding
   7,420,073 shares; 6,515,224 shares                   742             652
  Additional paid-in-capital                     20,067,948      13,632,999
  Retained Earnings                                 850,589       1,573,454
                                               ------------    ------------
     Total stockholders' equity                  20,919,279      15,207,105
                                               ------------    ------------
     Total Liabilities and stockholders'
      equity                                   $ 47,919,616    $ 33,097,092
                                               ============    ============

The consolidated balance sheet at December 31, 2001 has been derived from the
audited financial statements at that date.  See Notes to Consolidated
Financial Statements

                                       3

                        INFINITY, INC. AND SUBSIDIARIES
               CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

                                               Three Months Ended June 30,
                                                   2002           2001
                                               ------------    ------------
Revenues
  Oil and Gas Service Operations               $  2,043,334    $  3,594,724
  Oil and Gas Sales                                 536,719         294,202
  Other                                               2,668           3,315
                                               ------------    ------------
     Total Revenues                               2,582,721       3,892,241
                                               ------------    ------------
Cost of sales
  Oil and Gas Service Operations                  1,102,023       1,794,348
  Oil and Gas Production Expenses                   407,096         182,404
  Oil and Gas Production Taxes                       47,776           3,043
  Other                                               9,673           5,100
                                               ------------    ------------
     Total cost of sales                          1,566,568       1,984,895
                                               ------------    ------------
Gross profit                                      1,016,153       1,907,346
                                               ------------    ------------

General and Administrative Expense                1,051,492         778,157
Depreciation, Depletion and Amortization
  Expense                                           341,746         306,321
                                               ------------    ------------
     Total other operating expenses               1,393,238       1,084,478
                                               ------------    ------------
     Operating income (loss)                       (377,085)        822,868
                                               ------------    ------------
Other income (expense)
  Interest Income & Other Income                     11,652          48,450
  Interest Expense & Finance                       (308,656)     (1,705,297)
  Gain on sales of assets and marketable
   securities                                          -          5,129,155
                                               ------------    ------------
     Total other income (expense)                  (297,004)      3,472,308
                                               ------------    ------------
Net income (loss) before income taxes              (674,089)      4,295,176

Income tax benefit (expense)                        259,000      (1,462,000)
                                               ------------    ------------
     Net income (loss)                         $   (415,089)   $  2,833,176
                                               ------------    ------------
     Net income (loss) per common share        $      (0.06)   $       0.44
                                               ------------    ------------
     Net income (loss) per diluted common
      share                                    $      (0.06)   $       0.41
                                               ------------    ------------

Weighted Average Basic Shares Outstanding         7,110,258       6,472,800
Weighted Average Diluted Shares Outstanding       7,110,258       6,965,626

See Notes to Consolidated Financial Statements


                                     4


                       INFINITY, INC. AND SUBSIDIARIES
              CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

                                                 Six Months Ended June 30,
                                                    2002          2001
                                               ------------    ------------
Revenues
  Oil and Gas Service Operations               $  3,503,187    $  6,173,121
  Oil and Gas Sales                               1,203,722         478,756
  Other                                               2,669           3,766
                                               ------------    ------------
     Total Revenues                               4,709,578       6,655,643
                                               ------------    ------------
Cost of sales
  Oil and Gas Service Operations                  2,006,358       3,365,315
  Oil and Gas Production Expenses                   754,207         285,268
  Oil and Gas Production Taxes                      115,344           3,996
  Other                                              17,436          16,047
                                               ------------    ------------
     Total cost of sales                          2,893,345       3,670,626
                                               ------------    ------------
Gross profit                                      1,816,233       2,985,017
                                               ------------    ------------

General and Administrative Expense                2,004,836       1,544,446
Depreciation, Depletion and Amortization
  Expense                                           700,064         609,145
                                               ------------    ------------
     Total other operating expenses               2,704,900       2,153,591
                                               ------------    ------------
     Operating income (loss)                       (888,667)        831,426
                                               ------------    ------------

Other income (expense)
  Interest Income & Other Income                     20,509          79,773
  Interest Expense & Finance                       (314,705)     (2,316,660)
  Gain on sales of assets and marketable
    securities                                        7,998       6,729,558
                                               ------------    ------------
     Total other income (expense)                  (286,198)      4,492,671
                                               ------------    ------------
Net income (loss) before income taxes            (1,174,865)      5,324,097

Income tax benefit (expense)                        452,000      (1,824,000)
                                               ------------    ------------
     Net income (loss)                         $   (722,865)   $  3,500,097
                                               ------------    ------------

     Net income (loss) per common share        $      (0.10)   $       0.54
                                               ------------    ------------
     Net ncome (loss) per diluted common
      share                                    $      (0.10)   $       0.52
                                               ------------    ------------

Weighted Average Basic Shares Outstanding         6,936,605       6,454,696
Weighted Average Diluted Shares Outstanding       6,936,605       6,701,109

See Notes to Consolidated Financial Statements


                                     5

                       INFINITY, INC. AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF COMPREHENSIVE
                          INCOME (LOSS) (UNAUDITED)

<TABLE>
<CAPTION>
                                      Three Months                Six Months
                                      Ended June 30              Ended June 30
                                   2002          2001         2002          2001
                                ----------   -----------   -----------   -----------
<S>                             <C>          <C>           <C>           <C>

Net Income (Loss)               $(415,089)   $ 2,833,176   $  (722,865)  $ 3,500,097

Other Comprehensive Income
(loss):
 Unrealized holding gain
  (loss)On Securities, net
   of taxes of ($314,051) for
   the six months ended
   6/30/2001:                         -             -             -         (609,631)

Reclassifications, net of
 Deferred Tax expense of
 $1,620,000 for the
 three months and $2,116,294
 for the six months ended
 6/30/2001, respectively:             -       (3,145,975)         -       (4,109,370)
                                ----------   -----------   -----------   -----------
Total Other Comprehensive
 Loss                                 -       (3,145,975)         -       (4,719,001)
                                ----------   -----------   -----------   -----------

Comprehensive Loss              $ (415,089)  $  (312,799)  $  (722,865)  $(1,218,904)
                                ==========   ===========   ===========   ===========
</TABLE>
























See Notes to Consolidated Financial Statements

                                       6


                         INFINITY, INC. AND SUBSIDIARIES
            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY
<TABLE>
<CAPTION>

                                       Common Stock       Additional       Retained
                                     Shares     Amount   Paid-in Capital   Earnings      Total
                                    ---------   ------   ---------------   ----------  -----------
<S>                                 <C>         <C>      <C>               <C>         <C>
Balance, December 31, 2001          6,515,224   $  652     $13,632,999     $1,573,454  $15,207,105

Issuance of common stock upon
exercise of options and warrants      494,464       49       1,649,308           -       1,649,357

Conversion of 8% convertible
notes and accrued interest to
common stock                          410,385       41       2,051,869           -       2,051,910

Options issued in connection
with the Bridge loans                    -          -        1,347,728           -       1,347,728

Warrants issued in connection
with 7% subordinated conver-
tible notes                              -          -        1,386,044           -       1,386,044

Net loss for the period                  -          -             -          (722,865)    (722,865)
                                    ---------   -----      -----------     ----------  -----------
Balance, June 30, 2002              7,420,073   $ 742      $20,067,948     $  850,589  $20,919,279
                                    =========   =====      ===========     ==========  ===========

</TABLE>


























See Notes to Consolidated Financial Statements

                                       7




                         INFINITY, INC. AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                Six Months Ended June 30,
                                                    2002          2001
                                               ------------    ------------
Cash flows from operating activities
  Net income (loss)                            $   (722,865)   $  3,500,097
  Adjustments to reconcile net income/(loss)
  to net cash
   Used in operating activities
    Depreciation, depletion and amortization        700,064         609,145
    Deferred income taxes                          (452,000)      1,824,000
    Gain on sale of assets                           (7,998)       (140,714)
    Gain on sale of marketable securities              -         (6,588,844)
    (Increase) decrease in operating assets
      Accounts and other receivables               (837,766)       (997,027)
      Inventories                                   (26,474)        (72,810)
      Prepaid expenses                                3,575         200,728
    Increase (decrease) in operating liabilities
      Accounts payable                           (1,022,588)        501,886
      Accrued expenses                             (303,058)       (213,997)
                                               ------------    ------------

Net cash used in operating activities            (2,669,110)     (1,377,536)
                                               ------------    ------------
Cash flows from investing activities
  Proceeds from sale of marketable securities       750,000      11,993,108
  Investment in marketable securities            (4,015,835)           -
  Investment in oil and gas properties           (7,010,352)     (5,175,851)
  Investment in other assets and intangibles       (864,398)       (576,159)
  Purchase of property and equipment             (1,073,546)       (186,191)
  Proceeds from sale of oil and gas properties      180,000            -
  Proceeds from sale of property and equipment      160,000         246,966
                                               ------------    ------------
Net cash provided by/(used in) investing
  activities                                    (11,874,131)      6,301,873
                                               ------------    ------------
Cash flows from financing activities
  Proceeds from notes payable                     2,397,499            -
  Sale of subordinated notes                     12,540,000       6,475,000
  Increase in borrowings on long-term
   debt                                           3,625,309       3,875,810
  Proceeds from issuance of common stock          1,649,357         124,762
  Repayment of long-term debt                    (5,622,902)     (9,558,377)
  Net cash provided by financing activities      14,589,263         917,195
                                               ------------    ------------
Net increase in cash                                 46,022       5,841,532

Cash, beginning of period                           665,898         478,932
                                               ------------    ------------
Cash, end of period                            $    711,920    $  6,320,464
                                               ============    ============



See Notes to Consolidated Financial Statements.

                                        8



                       INFINITY, INC. AND SUBSIDIARIES
               CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                 Six Months Ended June 30,
                                                   2002            2001
                                               ------------    ------------

Supplemental cash flow disclosures:

  Cash paid for interest, net of
   Amounts capitalized                              314,705         508,677

  Non-cash transactions:
   Amortization of loan fees - included
    in full cost pool for oil and gas
    properties                                    1,610,326         294,546

  Change in Accumulated other Comprehensive
   Income, net of Income Taxes                         -        ($1,573,026)

  Property and equipment acquired through
   capital leases or seller financed debt              -           (580,497)

  Stock-based compensation for options
   issued with bridge loans recorded as loan
   costs                                          1,347,728            -

  Stock-based compensation for options issued
   with, and beneficial conversion feature on
   Senior Subordinated Notes issued               1,386,044       2,089,209

  Conversion of 8% Subordinated Debt and
   accrued interest to common stock               2,051,910            -

  Sale of oil and gas property in exchange
   for note receivable                            1,620,000            -




















See Notes to Consolidated Financial Statements


                                      9


                      INFINITY, INC. AND SUBSIDIARIES
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(1)  Basis of Presentation

     Summary of issuer's significant accounting policies are incorporated by
reference to Infinity's annual report on Form 10-KSB at December 31, 2001.

     The accompanying unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for
interim financial information.  Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements.  In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for
a fair presentation have been included.  Operating results for the three-month
and six month periods ended June 30, 2002 are not necessarily indicative of
the results that may be expected for the year ending December 31, 2002.

(2)  Other Receivables

     During June, 2002, holders of Infinity, Inc.'s Class B Warrants exercised
3,918,328 warrants to purchase 163,264 shares of common stock for proceeds of
$977,911.  At June 30, 2002, $871,651 of the proceeds had not been remitted to
Infinity, Inc. by the Transfer Agent and therefore, these proceeds are
reflected as other receivables in the accompanying Consolidated Balance Sheet.

(3)  Goodwill

     Effective January 1, 2002, Infinity adopted Financial Accounting Standard
No. 142 (SFAS No. 142)   "Goodwill and other Intangible Assets".  As a result,
Infinity will no longer amortize goodwill, but will instead, review goodwill
for impairment annually.  The adoption of SFAS No. 142 had no effect on
Infinity's earnings at January 1, 2002.

(4)  Investment Securities

     CIS Oil and Gas, Inc. received 450,000 shares of common stock in
Evergreen Resources, Inc. as part of the payment for the sale of gas
production properties effective December 31, 1998.  This stock was carried on
the balance sheet as an available for sale security at its current market
value.

     As of June 30, 2001, CIS Oil and Gas, Inc. had sold all 450,000 shares of
Evergreen stock for proceeds of approximately $15.4 million resulting in
pre-tax gains of approximately $7.9 million.  The gain from the sale of
325,000 shares of the securities is reflected in Infinity, Inc.'s Consolidated
Statement of Operations for the period ended June 30, 2001.  A portion of the
proceeds was used to pay off current and long-term debt.

     At December 31, 2001 Infinity, Inc. had $750,000 invested in securities.
In January 2002 Infinity liquidated its investment in the securities and used
the proceeds to continue to develop its Labarge and Pipeline coal-bed methane
prospects.  There was no material gain or loss as a result of the sale of the
securities.  At June 30, 2002 Infinity, Inc. had the remaining proceeds from
the sale of the 7% convertible notes of $4,015,835 invested in mutual fund
money-market accounts.  The fair market value of the securities approximated
cost at June 30, 2002.  Infinity will liquidate its short-term investment in
securities when cash is needed for the continued development of its coal-bed
methane prospects.

                                      10


(5)  Long Term Debt

     Effective June 13, 2001 Infinity, Inc. sold $6,475,000 in 8% Subordinated
Convertible Notes in a private placement in which C. E. Unterberg, Towbin
acted as the placement agent.  Interest on the notes accrues at a rate of 8%
per annum and is payable in arrears on each December 15 and June 15 commencing
December 15, 2001.  The notes are convertible to one share of common stock at
$5.00 per share and mature on June 13, 2006.  As of June 30, 2002, $2,012,000
of the notes have been converted to common stock.  Infinity, Inc. incurred
costs of $438,789 associated with the placement, which has been capitalized
and will be amortized over the term of the notes.  Infinity, Inc. also issued
warrants to purchase 220,000 shares of common stock at $6.22, the closing
price of Infinity, Inc.'s common stock on the closing date of the offering.
Proceeds from the offering were used in the development of Infinity Oil and
Gas of Wyoming, Inc.'s coal bed methane properties.

     In January 2002, Consolidated Oil Well Services, Inc. refinanced a
portion of its long-term debt.  Consolidated entered into a financing
agreement whereby it executed:

     A $2,000,000 revolving credit note cross-collateralized by substantially
all of the assets of Consolidated with interest at prime plus 1.0%.  The note
is due December 31, 2004 and as of June 30, 2002 Consolidated had borrowings
of $663,066 on the revolver.

     An approximately $2,900,000 term note with interest at prime plus 1.0%,
due in monthly installments of $80,626 plus interest, through December 2004.
The note is cross-collateralized by substantially all of the assets of
Consolidated.  As of June 30, 2002 Consolidated owed $2,418,781 on this note.

     A $1,000,000 capital expenditure line with interest at prime plus 1.0%,
due in monthly installments of $15,000 plus interest through December 31, 2004
when unpaid principal and interest are due.  The note is cross-collateralized
by substantially all the assets of Consolidated.  Consolidated borrowed
$720,000 under the note and as of June 30, 2002 Consolidated owed $645,000 on
the note.

     The notes require Consolidated to comply with certain financial and
restricted covenants and are also guaranteed by an officer of Infinity, Inc.
Consolidated used a potion of the proceeds to pay off long-term debt and a
revolving credit note with $2,716,843 outstanding at December 31, 2001.

     On March 7, 2002 Infinity, Inc. issued five-year options to purchase
250,000 shares of Infinity, Inc. common stock at $7.34 per share when it
obtained $2,000,000 in 90 day, bridge loans with an annual interest rate of 8%
in order to pay outstanding payables associated with the development of its
coal bed methane properties.  Infinity, Inc. capitalized loan costs of
$1,347,728 related to the fair value of the options as determined using the
Black-Scholes pricing method assuming a five year life, weighted average
risk-free interest rate of 8%, expected volatility of 89.55% and no expected
dividend yield.  The loans were paid April 24, 2002 with proceeds from the
sale of the 7% Subordinated Convertible Notes.

     On April 22, 2002 Infinity, Inc. sold $12,540,000 in 7% Subordinated
Convertible Notes in a private placement in which C. E. Unterberg, Towbin
acted as the placement agent.  Interest on the notes accrues at a rate of 7%
per annum and is payable in arrears on each April 15 and October 15 commencing
October 15, 2002.  The notes are convertible to one share of common stock at

                                      11


$8.625 per share and mature on April 15, 2007. Infinity, Inc. also issued
warrants to purchase 200,000 shares of common stock at $9.055.  A portion of
the proceeds from the offering was used to pay short-term bridge loans and
payables associated with the development of the coal bed methane properties.
The remaining proceeds will be used for additional development of the
properties.  Infinity incurred approximately $825,151 in costs associated with
the financing.  These costs were capitalized and will be amortized over the
term of the notes.

(6)  Earnings (Loss) per Share

     Basic earnings (loss) per share were computed by dividing income
available to common stockholders by the weighted average number of common
shares outstanding for the periods.  Diluted earnings (loss) per share reflect
the potential dilutions that could occur if convertible notes, stock options
and warrants were converted into common stock under the treasury stock method.

     At June 30, 2002, all potential common shares are anti-dilutive.
<TABLE>
<CAPTION>
                                                    Basic       Common     Earnings
                                                  Earnings      Shares     Per Share
                                                 ----------    ---------   ---------
<S>                                              <C>           <C>         <C>
Year to Date Basic earnings per share:
  Six months ending June 30, 2001:
  Income available to common stockholders        $3,500,097    6,454,696     $0.54
Plus:  Impact of assumed conversions of
  Warrants and options                                 -         246,413
                                                 ----------    ---------
Diluted earnings per share:
  Income available to common shareholders
   After assumed conversions of dilutive
    securities                                   $3,500,097    6,701,109     $0.52
                                                 ==========    =========
Quarter to Date Basic earning per share:
  Three months ending June 30, 2001:
   Income available to common stockholders       $2,833,176    6,472,800     $0.44
  Plus:  Impact of assumed conversions of
   Warrants and options                                -         492,826
                                                 ----------    ---------
Diluted earnings per share:
  Income available to common shareholders
   After assumed conversions of dilutive
    securities                                   $2,833,176    6,965,626     $0.41
                                                 ==========    =========
</TABLE>

     For the period ended June 30, 2001, dilutive potential common shares of
422,422 were not included in the computation of diluted earnings per share
because their effect was anti-dilutive.

(7)  Equity

     Stock Split

     In May 2002, Infinity affected a 2:1 stock split in the form of a 100%
stock dividend effective May 13, 2002.  All shares and per share amounts have
been restated to give effect to the stock split.

                                      12


     Stock Options

     During the six months ended June 30, 2002 options to purchase 331,200
shares were exercised from the 1999, 2000, and 2001 Stock Option Plans
resulting in proceeds to Infinity, Inc. of $669,773.  Options to purchase
4,000 shares were forfeited under a termination clause in the Option Plans.

     On August 16, 2001 the Infinity, Inc. board of directors approved the
grant of incentive and non-qualified options to purchase 320,000 shares of
common stock at $5.00 per share under the 2002 Stock Option Plan.  The options
granted under the 2002 Stock Option Plan were approved at the June 6, 2002
Shareholders meeting and have been issued.  Fifty percent of the options
granted under this plan vested upon approval of the Shareholders with the
remaining fifty percent vesting June 6, 2003.

     Class B Warrants

     Infinity, Inc. issued 163,264 shares of common stock during the six month
period ended June 30, 2002 for $6.00 per share to the holders of the Class B
Warrants, resulting in proceeds to Infinity, Inc. of $977,911 at June 30,
2002.  Warrants to purchase 39,158 shares of Infinity, Inc. common stock
expired unexercised on June 30, 2002.

(8)  Sale of Kansas Oil and Gas Properties

     Effective May 1, 2002 Infinity Oil and Gas of Kansas, Inc. sold its
interest in oil and gas properties in eastern Kansas for $180,000 cash and a
$1,620,000 note receivable.  The note bears interest at 7.7%, requires
quarterly payments of $35,000, including interest and is due on August 1,
2005.  The transaction resulted in a gain of approximately $244,000, which is
recorded as a reduction in capitalized oil and gas property costs under the
full cost accounting method.


























                                      13



                                    ITEM 2.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

RESULTS OF OPERATIONS

     Quarters ended June 30

     Infinity, Inc. (Infinity) incurred a net loss after taxes of $(415,089),
or $(0.06) per fully diluted share, in the quarter ended June 30, 2002
compared to net income after taxes of $2,833,176, or $0.41 per fully diluted
share in the quarter ended June 30, 2001.  One of the primary reasons for the
decrease is during the quarter ended June 30, 2001 CIS Oil and Gas, Inc. (CIS)
recognized a pre-tax gain of $5,129,155 on the sale of 225,000 shares of
Evergreen stock.  The gain in the period was partially offset by expense of
$1,396,641 associated with the unwinding of the financing agreements that were
collateralized by the stock sold.  The net after tax affect of the sale of the
Evergreen stock and unwinding of the related financing costs was $2,314,159 in
the period ended June 30, 2001.  The other primary reason for the decrease in
net income was the decrease in oil and gas service income as discussed below.

     Infinity experienced a $891,193 decrease in gross profit to $1,016,153 in
the quarter ended June 30, 2002 from $1,907,346 for the quarter ended June 30,
2001.  The decrease in gross profit during the quarter ended June 30, 2002
compared to the quarter ended June 30, 2001 was the result of a $1,551,390, or
43% decrease in oil field service revenue to $2,043,334 from $3,594,724. The
decrease in revenue was partially offset by a $692,325 decrease in oil field
service cost of services provided (See OIL FIELD SERVICES discussion below).
Oil field service revenue for the quarter ended June 30, 2002 was reduced by
the elimination of $31,250 of oil field service sales that were provided to
Infinity Oil and Gas of Wyoming, Inc. (Infinity-Wyoming) by Consolidated Oil
Well Services, Inc. (Consolidated) for the development of its coal-bed methane
properties. Additionally, gross profit comparisons were affected by a $242,517
increase in sales of oil and gas from $294,202 for the period ended June 30,
2001 to $536,719 in the period ended June 30, 2002 with a corresponding
increase of $269,425 in oil and gas production costs in the 2002 quarter.

     Operating expenses for the quarter ended June 30, 2002 increased $308,760
from $1,084,478 in the 2001 period to $1,393,238 in the 2002 period. Infinity
and its subsidiaries incurred approximately a $125,000 increase in stockholder
maintenance and professional fees associated with SEC filings and investor
relations and an increase in internal costs of obtaining financing.  Operating
expenses for the period ended June 30, 2002 also included an increase in
insurance expense of approximately $116,000 due to an increase in the number
of employees, increased levels of general liability limits to meet contract
obligations, and increased costs of specialty coverages such as control of
well insurance and replacement cost insurance on the most valuable units in
the oil field service fleet.  There was also an increase in depreciation,
depletion and amortization (DD&A) expense of approximately $35,000 due to the
increased investment in assets subject to DD&A.

     During the quarter ended June 30, 2001 CIS Oil and Gas, Inc. (CIS)
recognized a pre-tax gain of $5,129,155 on the sale of 225,000 shares of
Evergreen stock.  The gain in the period was partially offset by expense of
$1,793,425 associated with the unwinding of the financing agreements that were
collateralized by the stock sold.  The net after tax affect of the sale of the
Evergreen stock and unwinding of the related financing costs was $2,068,153 in
the period ended June 30, 2001.


                                      14


     Infinity recognized a deferred income tax benefit of $259,000 in the
quarter ended June 30, 2002 compared to a deferred tax expense of $1,462,000
incurred in the period ended June 30, 2001.  Intangible drilling costs
incurred during the period ended June 30, 2001 were reflected as a current
expense for tax purposes and offset the net income before taxes that had been
recognized by Infinity and eliminated the current tax liability that would
have been incurred during the period.  This does, however, lead to the
recognition of non-cash deferred tax expense during the period ended June 30,
2001.  The liability associated with these deferred taxes will result in
future tax payments as the properties begin producing revenues that exceed
intangible drilling costs being incurred and operating expenses.

     OIL FIELD SERVICES:  Sales for the quarter ended June 30, 2002 continued
to be sluggish when compared with the same period from a year ago.
Consolidated recorded sales of $2,043,334 and cost of sales of $1,102,023 for
the quarter ended June 30, 2002 compared to sales of $3,594,724 and cost of
sales of $1,794,348 for the comparable period ended June 30, 2001.
Consolidated also provided $31,250 in eliminated inter-company sales to
Infinity-Wyoming at a cost of $57,117, which is capitalized as property
development.

     While many customers in Eastern Kansas and Northeastern Oklahoma are
taking additional acreage positions and planning drilling projects, much of
the acreage has not yet made it into the developmental stage.  Additionally,
some large customers have slowed their development activities as they are
evaluating work completed in prior periods.  Activities in the Gillette,
Wyoming facility continue to be slow while operators are addressing regulatory
and permitting issues.  The restructuring of some companies continue to slow
new drilling activity.  Increased competition from other service companies,
mainly small, local independents has also been a factor in all of the areas in
which Consolidated provides services.

     OIL AND GAS PRODUCTION:  Infinity Oil and Gas of Kansas, Inc.
(Infinity-Kansas) recorded net revenue of $24,663 from its Kansas properties,
operating expenses of $52,870 and production taxes of $267 during the quarter
ended June 30, 2002.  This compares to $255,227 in revenue, $109,290 in
operating expense and $1,892 in production taxes for the period ended June 30,
2001.   Effective May 1, 2002 Infinity-Kansas sold its interest in the Owl
Creek and Manson properties to West Central Oil, LLC for cash and notes
receivable.  Under the Full Cost method of accounting for oil and gas
properties Infinity and its subsidiaries will not recognize a gain or loss on
the sale of its oil and gas properties unless the sale would have a material
impact on the relationship between the oil and gas property values and the
value of the reserves associated with those properties.  Infinity reduced its
investment in the remaining oil and gas properties by approximately $244,000
on the sale of the property.

     During the quarter ended June 30, 2002 Infinity-Wyoming recorded $227,447
in revenue on the sale of 8,814 barrels of oil and $284,609 in revenue on the
sale of 160,687 MCF of natural gas from its Pipeline and Labarge projects.
Infinity-Wyoming incurred $291,250 in lease operating expenses, $47,509 in
production taxes, and $62,976 in transportation fees to produce the oil and
gas during the period ended June 30, 2002.  This equates to a per MCF
equivalent of approximately $1.85 in lifting costs.  Lifting costs for the
period included approximately $39,000 in water disposal fees that were
incurred prior to the completion of the salt-water disposal well at Labarge.

                                    15


The elimination of these costs with the use of the disposal well will reduce
lifting costs by approximately $0.18 per MCF equivalent. Infinity-Wyoming also
incurred $169,915 in general and administrative costs and $63,779 in depletion
expense or approximately $1.09 per MCF equivalent for the period.
Infinity-Wyoming recorded $38,975 of revenue from the sale of 1,865 barrels of
oil from its coal bed methane properties, incurred $73,114 operating costs and
$1,151 in production taxes in the period ended June 30, 2001.
Infinity-Wyoming began oil sales in June 2001 and gas sales in August of 2001
from 5 wells on its Pipeline project and has continued production through the
current quarter, resulting in the increased production and revenue for
Infinity-Wyoming.

     During the quarter ended June 30, 2002 Infinity-Wyoming completed five
Almond formation wells in section 23 and four Lance wells in section 1 on the
Pipeline project.  Infinity-Wyoming now has 4 Lance formation wells, 4 Almond
formation wells and 1 disposal well operating on the Pipeline project.
Infinity-Wyoming has also drilled 6 additional Almond formation wells and one
disposal well in sections 12 and 13 on the Pipeline project.

     Infinity-Wyoming has also completed 5 producing wells, a water disposal
well and a water monitoring well on the Labarge property and is currently
dewatering and producing gas from the wells at approximately 500 MCF per day.

     OTHER INCOME AND EXPENSES:  Other income and expense was a net expense of
$297,004 for the three months ended June 30, 2002, compared to income of
$3,472,308 for the three months ended June 30, 2001.  The $3,769,312 decrease
in other income and expenses was primarily due to a $5,129,155 decrease in
gain from the sale of Evergreen stock, offset by a $1,396,641 decrease in
interest and financing costs.  The reduction in interest and financing costs
was due to the recognition of additional financing costs associated with the
retirement of debt contracts associated with the Evergreen stock that was sold
in the period ended June 30, 2001.

     Year to Date for periods ended June 30

     Infinity incurred a net loss after taxes of $(722,865), or $(0.10) per
fully diluted share, in the six month period ended June 30, 2002 compared to
net income after taxes of $3,500,097, or $0.52 per fully diluted share in the
six month period ended June 30, 2001.  One of the primary reasons for the
decrease is during the quarter ended June 30, 2001 recognized a pre-tax gain
of $6,588,844 on the sale of 325,000 shares of Evergreen stock and a $140,714
gain on the sale of equipment.  The gain in the period was partially offset by
expense of $2,104,395 associated with the unwinding of the financing
agreements that were collateralized by the stock sold.  The net after tax
affect of the sale of the Evergreen stock and unwinding of the related
financing costs was $2,780,358 in the period ended June 30, 2001.  The other
primary reason for the decrease in net income was the decrease in oil and gas
service income as discussed below.

     Infinity experienced a $1,168,784 decrease in gross profit to $1,816,233
in the six-month period ended June 30, 2002 from $2,985,017 for the six-month
period ended June 30, 2001.  The decrease in gross profit during the period
ended June 30, 2002 compared to the quarter ended June 30, 2001 was the result
of a $2,669,934, or 43% decrease in oil field service revenue to $3,503,187
from $6,173,121. The decrease in revenue was partially offset by a $1,358,957
decrease in oil field service cost of services provided (See OIL FIELD
SERVICES discussion below).  Oil field service revenue for the six-month

                                     16


period ended June 30, 2002 was reduced by the elimination of $1,370,608 of oil
field service sales that were provided to Infinity-Wyoming by Consolidated for
the development of its coal-bed methane properties.  In conjunction with the
elimination of the sales was the elimination of the related costs of $669,913,
with the impact of these transactions being a reduction of $700,695 in pre-tax
net income on Consolidated.  At the same time, the gross cost of completing
the wells on Infinity-Wyoming was decreased by the $700,695 of gross profit,
resulting in capitalization of $669,913 of actual cost.  As a result, the cost
to complete the wells was $700,695 less than if Infinity-Wyoming would have
used a third party service provider to complete the wells.  Additionally,
gross profit comparisons were affected by a $724,966 increase in sales of oil
and gas from $478,756 for the period ended June 30, 2001 to $1,203,722 in the
period ended June 30, 2002 with a corresponding increase of $580,287 in oil
and gas production costs in the 2002 quarter.

     Operating expenses for the six-month period ended June 30, 2002 increased
$551,309 from $2,153,591 in the 2001 period to $2,704,900 in the 2002 period.
Infinity and its subsidiaries incurred approximately a $185,000 increase in
stockholder maintenance and professional fees associated with SEC filings and
investor relations and an increase in internal costs of obtaining financing.
CIS Oil and Gas had accrued legal fees for the defense of suits that were
settled in the period ended June 30, 2001 without incurring any additional
expense and therefore reversed the accrual in the six-month period ended June
30, 2001.  The resulting reduction in legal fees for the prior year period
leads to an increase of $76,000 in legal expenses for the current year period
compared to the same period in the prior year. Operating expenses for the
period ended June 30, 2002 also included an increase in insurance expense of
approximately $150,000 due to an increase in the number of employees,
increased levels of general liability limits to meet contract obligations, and
increased costs of specialty coverage such as control of well insurance and
replacement cost insurance on the most valuable units in the oil field service
fleet.  There was also an increase in depreciation, depletion and amortization
(DD&A) expense of approximately $91,000 due to the increased investment in
assets subject to DD&A.

     During the six-month period ended June 30, 2001 CIS Oil and Gas, Inc.
recognized a pre-tax gain of $6,589,276 on the sale of 325,000 shares of
Evergreen stock.  The gain in the period was partially offset by expense of
$2,104,395 associated with the unwinding of the financing agreements that were
collateralized by the stock sold.  The net after tax affect of the sale of the
Evergreen stock and unwinding of the related financing costs was $2,780,358 in
the period ended June 30, 2001.

     Infinity recognized a deferred income tax benefit of $452,000 in the
six-month period ended June 30, 2002 compared to a deferred tax expense of
$1,824,000 incurred in the period ended June 30, 2001. Intangible drilling
costs incurred during the period ended June 30, 2001 were reflected as a
current expense for tax purposes and offset the net income before taxes that
had been recognized by Infinity and eliminated the current tax liability that
would have been incurred during the period.  This does, however, lead to the
recognition of non-cash deferred tax expense during the period ended June 30,
2001.  The liability associated with these deferred taxes will result in
future tax payments as the properties begin producing revenues that exceed
intangible drilling costs being incurred and operating expenses.



                                     17



     OIL FIELD SERVICES:  Consolidated recorded sales of $3,503,187 and cost
of sales of $2,006,358 for the six-month period ended June 30, 2002 compared
to sales of $6,173,121 and cost of sales of $3,365,315 for the comparable
period ended June 30, 2001.  Consolidated also provided $1,370,608 in
eliminated inter-company sales to Infinity-Wyoming at a cost of $669,913,
which is capitalized as property development on Infinity-Wyoming.

     While many customers in Eastern Kansas and Northeastern Oklahoma are
taking additional acreage positions and planning drilling projects, much of
the acreage has not yet made it into the developmental stage.  Additionally,
some large customers have slowed their development activities as they are
evaluating work completed in prior periods.  Activities in the Gillette,
Wyoming facility continue to be slow while operators are addressing regulatory
and permitting issues.  The restructuring of some companies continues to slow
new drilling activity.  Increased competition from other service companies,
mainly small, local independents has also been a factor in all of the areas in
which Consolidated provides services.

     OIL AND GAS PRODUCTION:  Infinity-Kansas recorded net revenue of $184,435
from its Kansas properties, incurred operating expenses of $193,976 and
production taxes of $1,130 during the six months ended June 30, 2002.  This
compares to $439,781 in revenue, $212,154 in operating expense and $2,845 of
production taxes for the period ended June 30, 2001.  Effective May 1, 2002
Infinity-Kansas sold its interest in the Owl Creek and Manson properties to
West Central Oil, LLC for cash and notes receivable.  Under the Full Cost
method of accounting for oil and gas properties Infinity and its subsidiaries
will not recognize a gain or loss on the sale of its oil and gas properties
unless the sale would have a material impact on the relationship between the
oil and gas property values and the value of the reserves associated with
those properties.  Infinity reduced its investment in the remaining oil and
gas properties by approximately $244,000 on the sale of the property.

     During the six-month period ended June 30, 2002 Infinity-Wyoming recorded
$488,938 in revenue on the sale of 21,261 barrels of oil and $530,349 in
revenue on the sale of 301,982 MCF of natural gas from its Pipeline and
Labarge projects.  Infinity-Wyoming incurred $440,737 in lease operating
expenses, $114,214 in production taxes, and $119,494 in transportation fees to
produce the oil and gas during the period ended June 30, 2002.  This equates
to a per MCF equivalent of approximately $1.57 in lifting costs.
Infinity-Wyoming also incurred $293,826 in general and administrative costs
and $130,986 in depletion expense or approximately $0.99 per MCF equivalent
for the period.   Infinity-Wyoming recorded $38,975 of revenue from the sale
of 1,865 barrels of oil from its coal bed methane properties, incurred $73,114
in lease operating costs and $1,151 in production taxes in the period ended
June 30, 2001.  Infinity-Wyoming began oil sales in June 2001 and gas sales in
August of 2001 from 5 wells on its Pipeline project and has continued
production through the current quarter, resulting in the increased production
and revenue for Infinity-Wyoming.

     During the six months ended June 30, 2002 Infinity-Wyoming completed five
Almond formation wells in section 23 and four Lance wells in section 1 on the
Pipeline project.  Infinity-Wyoming now has 4 Lance formation wells, 4 Almond
formation wells and 1 disposal well operating on the Pipeline project.  In
addition to its producing wells, Infinity-Wyoming has drilled 6 additional
Almond formation wells and one disposal well in sections 12 and 13 on the
Pipeline project and plans to drill two additional Almond formation wells in
section 12.

     Infinity-Wyoming has also completed 5 producing wells, a water disposal
well and a water monitoring well on the Labarge property and is currently
dewatering and producing gas from the wells at approximately 500 MCF per day.

                                      18


     OTHER INCOME AND EXPENSES:  Other income and expense for the six months
ended June 30, 2002, was a net expense of $286,198 compared to $4,492,671 for
the six months ended June 30, 2001.  The $4,778,869 decrease in other income
and expenses was primarily due to a $6,588,844 decrease in gain from the sale
of Evergreen stock and a $2,001,955 decrease in interest and financing costs.
The reduction in interest and financing costs was due to the recognition of
additional financing costs associated with the retirement of debt contracts
associated with the Evergreen stock that was sold in the period ended June 30,
2001.

LIQUIDITY AND CAPITAL RESOURCES

     As of June 30, 2002, the Company had working capital of $3.4 million
compared to a working capital deficit of $2.9 million at December 31, 2001.
The increase in working capital was due to the issuance of an additional $12.5
million in subordinated notes and the exercise of Class B Warrants from which
the proceeds were used to pay $2,404,000 in current notes, reduce accounts
payable and continue the development of Infinity-Wyoming's coal bed methane
properties.  Since December 31, 2001, Infinity-Wyoming has incurred costs of
approximately $7 million to continue the development of its coal bed methane
properties by completing fourteen additional wells for production and two for
disposal, and drilling seven additional wells.

     Cash used in operating activities during the six months ended June 30,
2002, was $2.7 million compared to cash used in operating activities of $1.4
million during the period ended June 30, 2001.  During the period ended June
30, 2002 Infinity used $11.9 million in investing activities by investing $7.0
million in oil and gas properties, $4.0 in short term marketable securities,
$0.9 million in intangibles related to the 7% Note offering, and $1.1 million
in property and equipment.  Infinity received proceeds of $1.0 million from
the sale of marketable securities, property and equipment and oil and gas
properties.  During the period ended June 30, 2001 Infinity received proceeds
from the sale of marketable securities of $12.0 million, invested $5.8 million
in oil and gas properties, and received net proceeds of $0.3 million from the
sale of property and equipment.

     During the period ended June 30, 2002 Infinity borrowed $2.0 million with
which to pay outstanding payables associated with the development of the coal
bed methane properties.  Infinity obtained the bridge financing from unrelated
parties on March 7, 2002 with the principal and interest at a rate of 8% due
in 90 days.  Infinity repaid the bridge loans on April 24, 2002 with proceeds
from the sale of $12.5 million of 7% Subordinated Convertible Notes due in
2007.  In addition to the bridge loans, Infinity also paid $0.5 million on
April 24, 2002 to settle debt that was associated with the purchase of coal
bed methane leases in the Green River Basin of Wyoming in April, 2001.  On
January 14, 2002 Consolidated secured long term financing through the
establishment of a revolving credit line for up to $2.0 million, a $2.9
million term loan, and a $1.0 million capital expenditure line.   The notes
bear interest at prime plus 1% and are due December 31, 2004.  As of June 30,
2002 Consolidated had borrowings of $0.7 million on the revolving credit line,
$2.4 million on the term loan and $0.6 million on the capital expenditures
line.  Consolidated will make monthly payments of $80,626 plus interest and
$15,000 plus interest on the term note and capital expenditures line,
respectively until December 31, 2004 at which time the remaining principal and
interest will be due.

     The notes are cross collateralized by substantially all of the assets of
Consolidated, require Consolidated to comply with certain financial and
restrictive covenants and are also guaranteed by an officer of Infinity, Inc.
Consolidated used a potion of the proceeds to pay off long-term debt and a

                                      19



revolving credit note with $2,716,843 outstanding at December 31, 2001 and
current payables due in the normal course of Consolidated's business
activities.  Infinity and its subsidiaries owe approximately $3.9 million for
real estate and equipment loans secured by assets of Infinity and its
subsidiaries.  These notes mature in one to eighteen years and have current
payments of approximately $35,000 per month.

     Infinity received approximately $11.7 million (net of offering costs)
from the sale of 7% Subordinated Convertible Notes due in 2007.  Infinity also
received proceeds from the issuance of common stock of $1.6 million during the
period ended June 30, 2002.  Approximately $1.0 million of the proceeds were
from the exercise of Infinity, Inc. Class B Warrants that expired June 30,
2002.  The remaining proceeds were received from the exercise of options to
purchase 331,200 shares of stock.

     The further development of Infinity-Wyoming's leasehold through the
equipping and stimulation of the six production and one disposal well and the
drilling equipping and stimulation of  two additional Almond formation coal
bed methane gas wells in sections 12 and 13 of the Pipeline project will
require approximately $1.4 million during the current calendar year.
Infinity-Wyoming will also require approximately $2.0 million to complete the
drilling equipping and stimulation of five additional wells it plans to drill
on fee land that was recently acquired within its Labarge project.  Infinity
believes that the cash on hand and proceeds that will be received from the
sale of its short term investments will be sufficient to fund its capital
requirements for the remainder of calendar year 2002.

     Revenues generated from oil field service activities and increasing oil
and gas production should be sufficient to meet the operating needs and debt
service requirements of Infinity, Inc. and its subsidiaries through the
remainder of this calendar year.  Management believes that operating
activities should begin providing additional working capital to be used for
the continued development of Infinity-Wyoming's coal-bed methane properties
during 2003.  In addition to the working capital provided from operations,
Infinity believes that it will require additional funding for the development
of its coal-bed methane properties of approximately $14.4 million during the
year ending December 31, 2003.  Infinity is evaluating several methods of
obtaining financing and management believes that it will be able to complete
financing during the fourth quarter of the current year or first quarter of
2003 to fulfill its needs. However, if Infinity is unable to obtain financing
within acceptable terms, it may have to delay future development activities
until such time as acceptable financing can be obtained.

FORWARD LOOKING STATEMENTS

     This Quarterly Report on Form 10-QSB contains forward-looking statements
(as such term is defined in the Private Securities Litigation Reform Act of
1995), and information relating to the Company that is based on beliefs of
management of the Company, as well as assumptions made by and information
currently available to management of the Company.  When used in this Report,
the words "estimate", "project", "believe", "anticipate", "intend", "expect"
and similar expressions are intended to identify forward-looking statements.
Such statements reflect the current views of the Company with respect to
future events based on currently available information and are subject to
risks and uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements.  Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof.  The Company does not undertake any
obligation to release publicly any revisions to these forward-looking
statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.

                                        20

                            PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

     Not Applicable

Item 2.  Changes in Securities

     On April 22, 2002, Infinity sold $12,540,000 of 7% Subordinated
Convertible Notes to 88 accredited investors in a private offering.  The notes
mature in five years and are convertible into Common Stock at a price of
$8.625 per share.  In connection with this offering Infinity paid C. E.
Unterberg, Towbin a commission of $747,900 for its services as placement
agent.  C. E. Unterberg, Towbin also received a warrant to purchase 200,000
shares of the Infinity's Common Stock at $9.055 per share.

     In connection with these sales, Infinity relied on Rule 506 of Regulation
D under the Securities Act of 1933.  Each of the investors was an accredited
investor that was given access to complete information concerning Infinity.
Each investor represented that he was acquiring the Notes for investment
purposes only and not with a view toward resale.  The appropriate legend was
placed on the Notes to evidence that the securities are restricted.  Infinity
also filed a Form D with the SEC in connection with this offering.

Item 3. Defaults Upon Senior Securities

     Not Applicable

Item 4.  Submission of Matters to a Vote of Security Holders

     Four issues were presented to Stockholders of the Infinity, Inc. for
consideration at the Annual Stockholders Meeting that was held June 6, 2002 at
the Infinity's headquarters in Chanute, Kansas.  These issues, all of which
were approved at the annual Stockholders meeting, were:

     (a)  The election of four (4) Directors of the Company to serve until the
next annual Meeting of Shareholders and until their successors have been duly
elected and qualified;

     (b)  The ratification of the appointment of Ehrhardt Keefe Steiner &
Hottman P. C., as Infinity's independent auditors;

     (c)  The approval of the Company's 2002 Stock Option Plan;

     (d)  The approval of the issuance of common stock upon the conversion of
certain Convertible Subordinated Notes.

     The following sets forth the votes cast for, against or withheld, as well
as the number of abstentions and broker non-votes, as to each of the matters
presented at the meeting:

Election of Directors:

         Nominee               For              Withheld

     George R. Jones         2,562,287            18,790
     Leroy C. Richie         2,572,187             8,890
     Stanton E. Ross         2,550,787            30,290
     O. Lee Tawes            2,570,147            10,930

                                      21


Appointment of Ehrhardt Keefe Steiner & Hottman:

                    For             Against             Abstain

                2,572,722             1,856               6,499

Approval of 2002 Stock Option Plan:

                    For             Against             Abstain

                2,390,856           153,271              36,950

Approval of the issuance of common stock upon the conversion of certain
convertible subordinated notes:

                                                             Broker
        For            Against             Abstain          Non-Votes

     985,399           44,062               34,302          1,517,314


Item 5. Other Information

     None

Item 6.  Exhibits and Reports on Form 8-K

     (a)  Exhibits.  None

     (b)  Reports on Form 8-K.  No reports on Form 8-K were filed during this
period.

























                                      22



                                SIGNATURES

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

                                      INFINITY, INC.


Dated:  August 14, 2002               By:/s/ Stanton E. Ross
                                         Stanton E. Ross, President


Dated:  August 14, 2002               By:/s/ Jon D. Klugh
                                         Jon D. Klugh, Chief Financial Officer




                 CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND
                          CHIEF FINANCIAL OFFICER OF
                                INFINITY, INC.
                      PURSUANT TO 18 U.S.C. SECTION 1350

     We certify that, to the best of our knowledge, the Quarterly Report on
Form 10Q-SB of Infinity, Inc. for the period ending June 30, 2002:

     (1)  complies with the requirements of Section 13(a) or 15(d) of the
Securities and 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
Infinity, Inc.



/s/ Stanton E. Ross                        /s/ Jon D. Klugh
Stanton E. Ross                            Jon D. Klugh
Chief Executive Officer                    Chief Financial Officer
August 14, 2002                            August 14, 2002



















                                      23