UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB


              [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934

                For the quarterly period ended SEPTEMBER 30, 2002


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

               For the transition period from ________ to ________

                        Commission File Number 000-17011
                                               ---------


                                   CECS CORP.
                                   ----------
             (Exact name of Registrant as specified in its charter)


                 DELAWARE                           52-1529536
                 --------                           ----------
     (STATE OR OTHER JURISDICTION OF            (I.R.S.  EMPLOYER
     INCORPORATION  OR  ORGANIZATION)         IDENTIFICATION  NUMBER)


           1925 CENTURY PARK EAST, 5TH FLOOR, LOS ANGELES, CALIFORNIA
           ----------------------------------------------------------
                    (Address of principal executive offices)
                                       90067
                                     -------
                                   (Zip Code)

                                 (310) 364-4404
                                 --------------
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
                                 --------------
    (Former Name, Former Address and Former Fiscal Year, if changed since last
                                     report)

Check  whether  the  issuer  (1)  has  filed all reports required to be filed by
Section  13  or  15(d)  of  the Exchange Act of 1934 during the preceding twelve
months  ended  December 31, 2001 (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  ninety  days.

                     Yes:      / X /          No:      /   /
                          ----------              ----------

The  number of shares of the Registrant's Common Stock, par value $.01 per share
outstanding  on  November  14,  2002  is  62,970,875.


<PAGE>
                                   CECS CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                        FINANCIAL STATEMENTS (UNAUDITED)
                                    CONTENTS

                         PART I - FINANCIAL INFORMATION
             ------------------------------------------------------

<TABLE>
<CAPTION>

<S>                                                                   <C>
ITEM 1.     FINANCIAL STATEMENTS                                      PAGE NO.
                                                                      --------
Balance Sheets                                                             3

Statements of Operations (Unaudited)                                       4

Statements of Comprehensive Loss (Unaudited)                               5

Statement of Shareholders' Deficiency                                      6

Statements of Cash Flows (Unaudited)                                     7-8

Notes to Financial Statements (Unaudited)                               9-12

Management's Discussion and Analysis of Financial
        Condition and Plan of Operations                               13-15


                          PART II - OTHER INFORMATION
             ------------------------------------------------------

ITEM 1.       Legal Proceedings                                           16

ITEM 2.       Changes in Securities                                       16

ITEM 3.       Defaults by the Company upon its Senior Securities          16

ITEM 4.       Submission of Matters to a Vote of Security Holders         16

ITEM 5.       Other Information                                           16

ITEM 6.       Exhibits and Reports on Form 8-K                            16

CERTIFICATIONS                                                         17-18

</TABLE>


                                        2
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                                 BALANCE SHEETS

<TABLE>
<CAPTION>

<S>                                                                         <C>              <C>
                                                                             September 30,    December 31,
                                                                            --------------------------------
                                                                                 2002             2001
                                                                            ---------------  ---------------
                                                                              (Unaudited)
ASSETS

PROPERTY AND EQUIPMENT, net of accumulated depreciation
  of $11,348 and $7,565 respectively                                        $       15,878   $       19,661
                                                                            ---------------  ---------------
TOTAL ASSETS                                                                $       15,878   $       19,661
                                                                            ===============  ===============
LIABILITIES AND SHAREHOLDERS' DEFICIENCY
CURRENT LIABILITIES
  Accounts payable and accrued expenses                                     $      127,452   $       93,023
  Lawsuit settlement payable                                                        30,000           30,000
  Due to related parties                                                            44,505           40,000
  Notes payable                                                                    310,000          310,000
                                                                            ---------------  ---------------
TOTAL CURRENT LIABILITIES                                                          511,957          473,023
                                                                            ---------------  ---------------

COMMITMENTS AND CONTINGENCIES                                                            -                -
                                                                            ---------------  ---------------
SHAREHOLDERS' DEFICIENCY
  Convertible preferred stock; par value $0.01 per share,
       authorized  50,000,000 shares, 11.416 shares issued and outstanding            0.12             0.12
  Common stock; par value $0.01 per share, authorized 200,000,000 shares,
      62,970,875 and 47,970,875 issued and outstanding, respectively               629,709          479,709
   Additional paid-in capital                                                   21,944,371       22,079,371
   Accumulated deficit                                                         (22,386,912)     (22,386,912)
   Deficit accumulated during the development stage                               (683,247)        (625,530)
                                                                            --------------   ---------------
TOTAL SHAREHOLDERS' DEFICIENCY                                                    (496,079)        (453,362)
                                                                            ---------------  ---------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIENCY                              $       15,878   $       19,661
                                                                            ===============  ===============

</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                        3
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                      STATEMENTS OF OPERATIONS (UNAUDITED)


<TABLE>
<CAPTION>
<S>                                         <C>         <C>          <C>           <C>         <C>


                                                                                               Cumulative from
                                            Nine  months  ended      Three  months  ended      January 16, 2000
                                                September 30,             September 30,              to
                                            ----------------------     ---------------------    September 30,
                                               2002        2001        2002         2001             2002
                                            ---------    ---------     ---------   ---------      ---------

NET REVENUE                                 $       -    $       -     $       -   $       -      $       -
                                            ---------    ---------     ---------   ---------      ---------

OPERATING EXPENSES
  General and administrative expenses          13,334       82,145         3,334      21,580        302,678
  Professional and consulting fees             10,000       87,583             -           -        245,249
  Depreciation expense                          3,783            -         1,183           -         11,348
                                            ---------    ---------     ---------   ---------      ---------
TOTAL OPERATING EXPENSES                       27,117      169,728         4,517      21,580        559,275
                                            ---------    ---------     ---------   ---------      ---------
LOSS FROM OPERATIONS                          (27,117)    (169,728)       (4,517)    (21,580)      (559,275)
                                            ---------    ---------     ---------   ---------      ---------
OTHER INCOME (EXPENSE)
  Impairment expense                                -            -             -           -        (75,000)
  Bad debt expense - notes receivable               -            -             -           -       (142,000)
  Gain on sale of certain contract rights           -            -             -           -        203,095
  Interest expense                            (30,600)     (17,603)      (10,200)          -        (97,060)
  Lawsuit settlement                                -            -             -           -        (30,000)
  Gain (loss) on sale of marketable
       securities                                   -     (387,820)            -     (70,000)        16,993
                                            ---------    ---------     ---------   ---------      ---------
TOTAL OTHER EXPENSE                           (30,600)    (405,423)      (10,200)    (70,000)      (123,972)
                                            ---------    ---------     ---------   ---------      ---------
NET LOSS                                    $ (57,717)   $(575,151)    $ (14,717)  $ (91,580)     $(683,247)
                                            =========    =========     =========   =========      =========
NET LOSS PER SHARE OF COMMON
     STOCK, BASIC AND DILUTED               $       -    $   (0.01)    $       -   $   (0.00)
                                            =========    =========     =========   =========



</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                        4
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                  STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED)


<TABLE>
<CAPTION>
<S>                                         <C>         <C>          <C>           <C>         <C>


                                                                                             Cumulative from
                                            Nine  months  ended      Three  months  ended    January 16, 2000
                                                September 30,             September 30,            to
                                            ----------------------     ---------------------  September 30,
                                               2002        2001          2002         2001        2002
                                            ---------    ---------     ---------   ---------    ---------

COMPREHENSIVE  LOSS

  Net loss                                  $(57,717)   $(575,151)     $(14,717)   $(91,580)   $(683,247)

  Unrealized loss on investment                    -      (61,176)            -           -            -
                                            ---------   ----------     ---------   ---------   ----------
COMPREHENSIVE LOSS                          $(57,717)   $(636,327)     $(14,717)   $(91,580)   $(683,247)
                                            =========   ==========     =========   =========   ==========


</TABLE>



   The accompanying notes are an integral part of these financial statements.


                                        5
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                      STATEMENT OF SHAREHOLDERS' DEFICIENCY
<TABLE>
<CAPTION>
<S>                                <C>      <C>    <C>         <C>        <C>          <C>         <C>         <C>          <C>
                                                                                                     Deficit
                                                                                                   Accumulated
                                   Preferred Stock     Common Stock      Additional                During the   Other
                                   -------------- --------------------    Paid-in     Accumulated  Devlopment Comprehensive
                                   Shares  Amount   Shares     Amount     Capital       Deficit      Stage      Income      Total
                                   ------- ------ ----------  --------  ------------ -------------  ---------  --------   ---------
Balance at December 31, 2000       17.741  $0.18  47,717,875  $477,179  $22,081,901  $(22,386,912)  $(61,157)  $57,763    $168,774

Issuance of common stock in
 exchange on conversion of
 preferred stock                   (6.325) (0.06)    253,000     2,530       (2,530)            -          -         -           -

Net loss for the year ended
 December 31, 2001                      -      -           -         -            -             -   (564,373)        -    (564,373)

Other comprehensive loss                -      -           -         -            -             -          -   (57,763)    (57,763)
                                   ------- ------ ----------  --------  ------------ -------------  ---------  --------   ---------

Balance at December 31, 2001        11.416   0.12 47,970,875   479,709   22,079,371   (22,386,912)  (625,530)        -    (453,362)

Issuance of common stock
 for cash May 2002 at
 .001 per share (unaudited)              -      - 15,000,000   150,000     (135,000)            -          -         -      15,000

Net loss for the nine months
 ended September 30, 2002
 (unaudited)                             -      -          -         -            -             -    (57,717)        -     (57,717)
                                   ------- ------ ----------  --------  ------------ -------------  ---------  --------   ---------
Balance at September 30, 2002
(unaudited)                         11.416   0.12 62,970,875   629,709   21,944,371  $(22,386,912)  (683,247)        -     (57,717)
                                    ======  ===== ==========  ========   ==========  =============  =========  ========   =========

</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                        6
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                      STATEMENTS OF CASH FLOWS (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                                               <C>          <C>            <C>


                                                                                                 Cumulative from
                                                                                                 January 16, 2000
                                                                 Nine months ended September 30,        to
                                                                 -------------------------------    September 30,
                                                                      2002              2001            2002
                                                                 -----------         -----------   -------------

CASH  FLOWS  PROVIDED  BY  (USED  FOR)
     OPERATING ACTIVITIES
Net loss                                                          $ (57,717)         $ (575,151)   $   (683,247)
Adjustments to reconcile net loss to net cash
 used for operating activities:
   Depreciation and amortization                                       3,783              3,783          11,348
   Issuance of stock in exchange for services                              -                  -          10,000
   Realized loss (gain) on sale of marketable securities                   -            140,833        (220,088)
   Impairment expense                                                      -             75,000          75,000
   Bad debt expense - notes receivable                                     -            142,000         142,000
Change in assets and liabilities:
   Decrease in due from brokers                                            -             39,242               -
   Decrease in prepaid expenses                                            -             12,332             619
   Increase (decrease) in accounts payable and accrued expenses       34,429            ( 1,946)       (140,809)
   Increase in lawsuit payable                                             -                  -          30,000
   Increase (decrease) in due to related parties                       4,505                  -        (185,795)
                                                                 -----------         -----------   -------------
NET CASH USED FOR OPERATING ACTIVITIES                               (15,000)          (163,907)       (960,672)
                                                                 -----------         -----------   -------------
CASH FLOWS PROVIDED BY (USED FOR)
     INVESTING ACTIVITIES
Proceeds from sale of marketable securities                                -            243,955         948,104
Acquisition of furniture and fixtures                                      -             (2,014)        (27,226)
Acquisition of non-marketable securities                                   -                  -         (75,000)
Acquisition of marketable securities and rights                            -                  -        (605,700)
Issuance of notes receivable                                               -            (72,000)       (142,000)
                                                                 -----------         -----------   -------------
NET CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES                       -           (169,141)         98,178
                                                                 -----------         -----------   -------------
CASH FLOWS PROVIDED BY (USED FOR)
      FINANCING ACTIVITIES
Proceeds from notes payable                                                -                  -         686,500
Repayment of notes payable                                                 -            (30,000)      (381,500)
Proceeds from issuance of preferred stock                                  -                  -         523,000
Proceeds from issuance of common stock                                15,000                  -          15,000
Other financing activities                                                 -                  -               -
                                                                 -----------         -----------   -------------
NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES                  15,000            (30,000)        843,000
                                                                 -----------         -----------   -------------

NET DECREASE IN CASH AND CASH EQUIVALENTS                                  -            (23,966)        (19,494)

CASH AND CASH EQUIVALENTS - BEGINNING                                      -             23,966          19,494
                                                                 -----------         -----------   -------------
CASH AND CASH EQUIVALENTS - ENDING                                $        -         $        -    $          -
                                                                  ==========         ===========   =============

</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                        7
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                STATEMENTS OF CASH FLOWS (UNAUDITED) (CONTINUED)


<TABLE>
<CAPTION>
<S>                                                               <C>          <C>            <C>


                                                                                      Cumulative from
                                                                                      January 16, 2000
                                                    Nine months ended September 30,        to
                                                    -------------------------------    September 30,
                                                        2002              2001            2002
                                                    -----------         -----------   -------------
CASH  PAID  DURING  THE  PERIOD:
        Interest  expense                           $         -         $         -    $     27,188
                                                    ===========         ===========    ============
        Income taxes                                $         -         $         -    $          -
                                                    ===========         ===========    ============

</TABLE>
During  the  nine months ended September 30, 2001, 6.325 shares of the Company's
preferred  stock  were  converted  into  common  stock.


   The accompanying notes are an integral part of these financial statements.

                                        8


<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE  1     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

     Basis  of  Presentation  and  Nature  of  Operations
     ----------------------------------------------------
     The accompanying financial statements have been prepared in accordance with
     accounting  principles  generally  accepted in the United States of America
     for  interim financial information and with the instructions to Form 10-QSB
     and Regulation S-B. Accordingly, they do not include all of the information
     and  footnotes  required by accounting principles generally accepted in the
     United  States of America for complete financial statements. In the opinion
     of  management,  all  adjustments  (consisting  only  of  normal  recurring
     adjustments)  considered  necessary  for  a  fair  presentation  have  been
     included.

     The  results of operations for the nine months ended September 30, 2002 are
     not necessarily indicative of the results to be expected for the full year.

     For  further  information,  refer to the financial statements and footnotes
     included  in  Form  10-KSB  for  the  year  ended  December  31,  2001.

     CECS  Corp. (the "Company") was incorporated under the laws of the State of
     Maryland  on July 11, 1985, as PPV Enterprises, Inc. ("PPV"). On August 18,
     1987,  the  Company  changed  its  name  to DataVend, Inc. ("Datavend") and
     reincorporated  under the laws of the State of Delaware. On March 14, 1990,
     the  Company  changed  its  name  to  Choices  Entertainment  Corporation
     ("Choices").  On  June  16, 1997, the Company sold substantially all of its
     assets  and business to West Coast Entertainment Corporation ("Westcoast").

     On  August  30,  1999, the Company entered into an agreement, the effect of
     which  would  have been to change the Company to a hotel properties holding
     and  operating  company.  On  January  16,  2000,  the  Company's  Board of
     Directors adopted a plan to change the business of the Company to that of a
     technology  holding  company  and  terminated  the  plan  to become a hotel
     company  effective  as of December 30, 1999. On May 26, 2000, the Company's
     shareholders  approved  the  change  of the name of the corporation to CECS
     CORP.  On January 16, 2000, the Company became a development stage company,
     which  the  Company  has  concluded has no material impact on its financial
     position  or  results  of  operations.


                                        9
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE  1     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (Continued)

     Loss  Per  Share  (continued)
     ----------------

                         The  shares  used  in the computation of loss per share
were  as  follows:

                                                    September  30,
                                             --------------------------
                                                2002            2001
                                             ----------     -----------
                    Basic  and  diluted      55,470,000      47,943,000
                                             ==========     ===========


     Recent  Accounting  Pronouncements
     ----------------------------------
     On  June  29,  2001,  Statement  of Financial Accounting Standards No. 141,
     "Business Combinations," was approved by the Financial Accounting Standards
     Board ("FASB"). SFAS 141 requires that the purchase method of accounting be
     used  for all business combinations initiated after June 30, 2001. Goodwill
     and  certain  intangible assets will remain on the balance sheet and not be
     amortized.  On  an  annual  basis, and when there is reason to suspect that
     their  values have been diminished or impaired, these assets must be tested
     for  impairment,  and write-downs may be necessary. The Company implemented
     SFAS  No. 141 on January 1, 2002 and has concluded that the adoption has no
     material  impact  to  the  Company's  financial  position  or  results  of
     operations.

     On June 29, 2001, SFAS No. 142, "Goodwill and Other Intangible Assets," was
     approved by the FASB. SFAS No. 142 changes the accounting for goodwill from
     an  amortization  method  to  an  impairment-only approach. Amortization of
     goodwill,  including  goodwill recorded in past business combinations, will
     cease upon adoption of this statement. The Company implemented SFAS No. 142
     on  January  1,  2002  and  has concluded that the adoption has no material
     impact  to  the  Company's  financial  position  or  results of operations.

     In  June  2001,  the  FASB  issued  SFAS  No.  143,  "Accounting  for Asset
     Retirement  Obligation."  SFAS  No.  143  is  effective  for  fiscal  years
     beginning  after  June  15,  2002,  and  will require companies to record a
     liability  for asset retirement obligations in the period in which they are
     incurred,  which  typically could be upon completion or shortly thereafter.
     The  FASB  decided to limit the scope to legal obligation and the liability
     will  be recorded at fair value. The effect of adoption of this standard on
     Company's results of operations and financial positions is being evaluated.

     In  August  2001,  the  FASB  issued  SFAS  No.  144,  "Accounting  for the
     Impairment or Disposal of Long-Lived Assets." SFAS No. 144 is effective for
     fiscal  years  beginning  after  December  15,  2001.  It provides a single
     accounting  model for long-lived assets to be disposed of and replaces SFAS
     No.  121 "Accounting for the Impairment of Long-Lived Assets and Long-Lived
     Assets  to Be Disposed Of." The Company implemented SFAS No. 144 on January
     1,  2002  and has concluded that the adoption has no material impact to the
     Company's  financial  position  or  results  of  operations.


                                       10
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 1  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (Continued)

     Recent  Accounting  Pronouncements(continued)
     ----------------------------------

     In  April  2002,  the  FASB  issued  Statement No. 145, "Rescission of FASB
     Statements  No.  4,  44,  and  64,  Amendment of FASB Statement No. 13, and
     Technical  Corrections."  This  Statement  rescinds  FASB  Statement No. 4,
     "Reporting  Gains and Losses from Extinguishment of Debt," and an amendment
     of  that Statement, FASB Statement No. 64, "Extinguishments of Debt Made to
     Satisfy  Sinking-Fund  Requirements" and FASB Statement No. 44, "Accounting
     for  Intangible  Assets  of  Motor  Carriers."  This  Statement amends FASB
     Statement  No.  13,  "Accounting for Leases," to eliminate an inconsistency
     between  the  required  accounting  for sale-leaseback transactions and the
     required  accounting  for  certain  lease  modifications that have economic
     effects  that  are similar to sale-leaseback transactions. The Company does
     not  expect  the  adoption  to  have  a  material  impact  to the Company's
     financial  position  or  results  of  operations.

     In  June  2002,  the  FASB  issued  SFAS  No.  146,  "Accounting  for Costs
     Associated  with  Exit  or  Disposal  Activities".  SFAS  No.  146 requires
     companies  to  recognize  costs associated with exit or disposal activities
     when  they  are incurred rather than at the date of a commitment to an exit
     or  disposal  plan, as previously required under Emerging Issues Task Force
     ("EITF")  Issue  94-3. A fundamental conclusion reached by the FASB in this
     statement  is  that  an  entity's commitment to a plan, by itself, does not
     create  a  present  obligation  to  others  that  meets the definition of a
     liability.  SFAS  No. 146 also establishes that fair value is the objective
     for  initial measurement of the liability. The provisions of this statement
     are  effective  for  exit  or  disposal activities that are initiated after
     December  31,  2002.  The  Company  believes that this SFAS will not have a
     significant  impact  on  its  results  of operations or financial position.


NOTE 2  GOING  CONCERN

     The accompanying financial statements have been prepared in conformity with
     accounting  principles  generally accepted in the United States of America,
     which  contemplate continuation of the Company as a going concern. However,
     the Company has no established source of revenue. As of September 30, 2002,
     the  Company  has losses from inception totaling $23,070,159 and net losses
     of  $57,717  and  $575,151 for the nine months ended September 30, 2002 and
     2001,  respectively.

     As  of  September  30,  2002,  the  Company  had  no  cash in the bank. The
     Company's  viability  for  the  foreseeable  future  is  dependent upon its
     ability  to  find  business  opportunities  and  raise  needed capital. The
     Company's  viability in raising needed capital is seriously in question. In
     the  event  the Company is not successful in securing needed capital in the
     near  term,  as  to  which  no assurance can be given, the Company does not
     believe  that  its  viability  as  an  ongoing  business  is  assured.

     This  matter  raises  substantial  doubt  about  the  Company's  ability to
     continue  as a going concern. These financial statements do not include any
     adjustments  relating  to the recoverability and classification of recorded
     asset  amounts,  or  amounts  and  classification of liabilities that might
     result  from  this  uncertainty.

     Management  is  exploring  merging  with or acquiring a company with viable
     operations.


                                       11
<PAGE>
                                   CECS CORP.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 3  STOCKHOLDERS'  DEFICIENCY

     Convertible  Preferred  Stock
     -----------------------------
     The  aggregate  number  of  shares  of convertible preferred stock that the
     Company  has  authority  to  issue  is  50,000,000 shares at a par value of
     $0.01. As of September 30, 2002 and December 31, 2001, 11.416 shares of the
     Company's  redeemable  convertible  preferred  stock  are  issued  and
     outstanding.  Each  share  of  preferred  stock  is convertible into 40,000
     shares  of  the  Company's  common  stock.

     Common  Stock
     -------------
     The  aggregate  number  of  shares  of  common  stock  that the Company has
     authority  to  issue  is  200,000,000 shares at a par value of $0.01. As of
     September  30, 2002 and December 31, 2001, 62,970,875 and 47,970,875 shares
     were  issues  and  outstanding, respectively. The Company's common stock is
     currently  traded in the over-the-counter market on the OTC-Bulletin Board.

     On  May 2, 2002, the Company entered into a Common Stock Purchase Agreement
     (the "Agreement") by and among the Company and Dydx Consulting, LLC and MBA
     &  Associates  (collectively, the "Purchasers"). The Agreement provided for
     the  sale  to the Purchasers of 5,000,000 shares of CECS CORP. at $.001 per
     share,  or  $5,000,  and was deemed to have closed as of June 24, 2002. The
     Purchasers  nominated  two  members  to fill the vacancies on the Company's
     Board  of  Directors,  Menachem  Beychok and Valerie A. Broadbent, who were
     appointed  to  the  Board  of  Directors  as  of June 24, 2002. Neither Mr.
     Beychok  nor Ms. Broadbent is the beneficial owner of any securities of the
     Company.

     In  May  2002,  the Company also entered into private sales to two existing
     shareholders  of  5,000,000  shares  each  of the Company's common stock at
     $.001  per  share,  or  $10,000.

     The  Company  has  not  declared  or paid any dividends on its preferred or
     common  stock.  The  Board of Directors does not contemplate the payment of
     dividends  in  the  foreseeable  future.




                                       12
<PAGE>
ITEM 2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
         AND  PLAN  OF  OPERATIONS

     Cautionary  Statement  for  Purposes  of  "Safe  Harbor  Provisions" of the
Private  Securities Litigation Reform Act of 1995. This Quarterly Report on Form
10-QSB contains forward looking information with respect to, among other things,
plans,  future  events  or  future performance of the Company, the occurrence of
which  involve certain known or unknown risks and uncertainties that could cause
actual results or future events to differ materially from those expressed in any
forward-looking  statements.  These risks and uncertainties include, but are not
limited  to,  the  ability  to  identify  and  conclude  alternative  business
opportunities,  and  those  risks  and  uncertainties  detailed in the Company's
filings  with  the Securities and Exchange Commission. Where any forward-looking
statement  includes  a  statement  of  the  assumption  or  bases believed to be
reasonable and are made in good faith, assumed facts or bases almost always vary
from  actual  result,  and  the  differences  between assumed facts or bases and
actual  results can be material, depending upon the circumstances. Where, in any
forward-looking  statement, the Company expresses an expectation or belief as to
plans  or  future  results or events, such expectation or belief is expressed in
good  faith  and  believed  to  have  a  reasonable  basis,  but there can be no
assurance that the statement of expectation or belief will result or be achieved
or  accomplished.  The  words  such  as  "believe,"  "expect," "intend," "plan,"
"estimate,"  "anticipate" and other similar expressions identify forward-looking
statements.

     The  following  is  management's  discussion  and  analysis  of  certain
significant  factors  that  have  affected  the  Company's  financial condition,
changes  in  financial  condition  and results of operations. It also includes a
discussion  of  the  Company's  liquidity and capital resources at September 30,
2002,  and later dated information, where practicable. This discussion should be
read  together  with  the  Company's Financial Statements and the Notes thereto.

OVERVIEW

     The  Board  of Directors (the "Board") of Choices Entertainment Corporation
(the  "Company"  or  "We")  adopted a proposal on January 17, 2000 to change the
business  of the Company to that of a technology holding company. Since then, we
acquired,  invested  in,  and incubated companies engaged in Internet, computing
and  other technologies in various stages of development, all of which have been
written-off  or  sold.  On  May 26, 2000 at the Annual Meeting, our stockholders
adopted  a  resolution proposed by the Board of the Company changing the name of
the  Company  from  Choices  Entertainment  Corporation  to  CECS  CORP.


FINANCIAL  CONDITION,  LIQUIDITY  AND  CAPITAL  RESOURCES

     As  of September 30, 2002, the Company had a net working capital deficit of
$511,957  and  approximate  cash  balances  of  zero  (unaudited).

     The  Company  had  no  revenues  for  this  period.

                                       13
<PAGE>

     We  anticipate  that the Company will not generate any significant revenues
until  we  accomplish  our  business  objective  of merging or acquiring revenue
producing  assets.  We  presently have no liquid financial resources to offer an
acquisition  candidate and must rely upon an exchange of our stock to complete a
merger  or  acquisition.

     The  Company's viability for the foreseeable future is and will continue to
be dependent upon its ability to find other business opportunities and to secure
needed  capital.  No  assurance can be given that the Company will be successful
in that regard.  In the event the Company is not successful, it is unlikely that
there  would  be  any  amounts  available  for  distribution  to  the  Company's
stockholders.

Three  Months  and  Nine  Months  Ended  September  30,  2002  and  2001
------------------------------------------------------------------------

     Throughout  the  period  ended  September  30,  2002,  the Company has been
reviewing  numerous projects and is in discussions relating to several potential
strategic  alliances  and  strategic  mergers  and/or acquisitions of companies.

PLAN  OF  OPERATIONS

Net  Revenues:

     For  the  three  months  and nine months ended September 30, 2002 and 2001,
there were no net sales due to a reduction in the Company's scope of operations.

Net  Loss:

     The  Company  had  a  net  loss of $57,717 and $575,151 for the nine months
ended  September  30  2002 and 2001, respectively.  The substantial reduction in
net  loss  is  attributable  to  a  reduction  in scope of operations due to the
Company  actively  seeking  a  merger  candidate.

     The  Company  had  a  net  loss of $14,717 and $91,580 for the three months
ended  September  30, 2002 and 2001, respectively.  The substantial reduction in
net  loss  is  attributable  to  a  reduction  in scope of operations due to the
Company  actively  seeking  a  merger  candidate.


CRITICAL  ACCOUNTING  POLICIES  AND  ESTIMATES

     Management's  Discussion  and  Analysis  of Financial Condition and Plan of
Operations  discusses  the  Company's  financial  statements,  which  have  been
prepared  in  accordance  with  accounting  principles generally accepted in the
United  States  of  America.  The  preparation  of  these  financial  statements
requires  management  to make estimates and assumptions that affect the reported
amounts  of  assets  and liabilities at the date of the financial statements and
the  reported  amounts of revenues and expenses during the reporting period.  On
an  on-going  basis, management evaluates its estimates and judgments, including
those  related  to revenue recognition, intangible assets, financing operations,
and  contingencies and litigation.  Management bases its estimates and judgments
on  historical  experience  and on various other factors that are believed to be
reasonable  under  the  circumstances,  the  results of which form the basis for
making judgments about the carrying value of assets and liabilities that are not
readily  apparent  from  other  sources.  Actual  results  may differ from these
estimates  under  different  assumptions  or  conditions.  The  most significant
accounting  estimates  inherent  in  the  preparation of the Company's financial
statements  include  estimates  as  to the appropriate carrying value of certain
assets  and  liabilities  which  are  not  readily  apparent from other sources,
primarily  allowance  for  doubtful accounts and accruals for other liabilities.
These  accounting policies are described at relevant sections in this discussion
and  analysis and in the notes to the consolidated financial statements included
in our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2001.


                                       14
<PAGE>
ITEM  4.     CONTROLS  AND  PROCEDURES

     Based on the evaluation of the Company's disclosure controls and procedures
by  Valerie  A.  Broadbent,  the  Company's  Chief  Executive  Officer and Chief
Financial  Officer,  as  of  a  date  within  90 days of the filing date of this
quarterly  report,  such  officers  have concluded that the Company's disclosure
controls  and  procedures are effective in ensuring that information required to
be  disclosed  by  the Company in the reports that it files or submits under the
Securities  and  Exchange  Act  of  1934,  as  amended,  is recorded, processed,
summarized  and reported, within the time period specified by the Securities and
Exchange  Commission's  rules  and  forms.

     There  were no significant changes in the Company's internal controls or in
other  factors  that could significantly affect these controls subsequent to the
date  of  their  evaluation,  including  any  corrective  actions with regard to
significant  deficiencies  and  material  weaknesses.



                                       15
<PAGE>

                           PART II - OTHER INFORMATION

ITEM  1.          LEGAL  PROCEEDINGS.

                      None

ITEM  2.          CHANGES  IN  SECURITIES.

                      None

ITEM  3.          DEFAULTS  BY  THE  COMPANY  UPON  ITS  SENIOR  SECURITIES.

                      None

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

                      None

ITEM  5.          OTHER  INFORMATION.

                      None

ITEM  6.          EXHIBITS

                      None


                                       16
<PAGE>

                                  CERTIFICATION


     I,  Valerie  A.  Broadbent,  certify  that:

     1.     I  have reviewed this Quarterly Report on Form 10-QSB of CECS CORP.;

     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.   I  am 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  function):

          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;  and

     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  14,  2002

                                       /s/  Valerie  A.  Broadbent
                                       --------------------------------
                                            Valerie  A.  Broadbent
                                            President


                                       17
<PAGE>

                                  CERTIFICATION


     I,  Valerie  A.  Broadbent,  certify  that:

     1.     I  have reviewed this Quarterly Report on Form 10-QSB of CECS CORP.;

     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.   I  am 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  function):

          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;  and

     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  14,  2002

                                       /s/  Valerie  A.  Broadbent
                                       --------------------------------
                                            Valerie  A.  Broadbent
                                            Chief Financial Officer


                                       18
<PAGE>