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

                                   FORM 10-QSB


[xx]     QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
         ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001


                        Commission file Number: 000-26517

                            EASTERN MANAGEMENT CORP.
        (Exact name of small business issuer as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   98-0204682
                     (I.R.S. Employer Identification Number)

                                   Suite 1500
                             885 West Georgia Street
                           Vancouver, British Columbia
                                     V6C 3E8
                    (Address of principal executive offices)

                                  (604)687-0717
                           (Issuer's telephone number)


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:          500,000 common shares as at
June 30, 2001

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

<PAGE>

                            EASTERN MANAGEMENT CORP.


                                      INDEX

PART 1.  FINANCIAL INFORMATION

         Item 1.   Financial Statements

                   Consolidated Balance Sheets as of
                   June 30, 2001 and March 31, 2001

                   Consolidated Statements of Operations for the periods ended
                   June 30, 2001 and June 30, 2000

                   Consolidated Statements of Cash Flows for
                   the periods ended June 30, 2001 and June 20,
                   2000

                   Consolidated Statements of Changes in Stockholders' Equity

                   Notes to Consolidated Financial Statements

         Item 2    Plan of Operation

PART II. OTHER INFORMATION

         Item 1    Legal Proceedings

         Item 2    Changes in Securities

         Item 3    Defaults Upon Senior Securities

         Item 4    Submission of Matters to a Vote of Security Holders

         Item 5    Other Information

         Item 6    Exhibits and Reports on Form 8K


         SIGNATURES

                                       2

<PAGE>









                         EASTERN MANAGEMENT CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)


                              FINANCIAL STATEMENTS
                                   (UNAUDITED)


                                  JUNE 30, 2001





                                        3
<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
BALANCE SHEETS
(Unaudited)

<TABLE>
<CAPTION>
===============================================================================================================================

                                                                                                     June 30,        March 31,
                                                                                                         2001             2001
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                   <C>              <C>

ASSETS                                                                                         $           -   $            -
===============================================================================================================================


LIABILITIES AND STOCKHOLDERS' EQUITY

ACCOUNTS PAYABLE                                                                               $        9,121  $         7,171
                                                                                               --------------  ---------------


STOCKHOLDERS' EQUITY
    Capital stock (Note 4)
       Authorized
          100,000,000 common shares with a par value of $0.0001
       Issued and outstanding
          March 31, 2001 - 500,000 common shares
          June 30, 2001 - 500,000 common shares                                                            50               50
    Additional paid-in capital                                                                         22,445           17,613
    Deficit accumulated during the development stage                                                  (31,616)         (24,834)
                                                                                               --------------  ---------------

                                                                                                       (9,121)          (7,171)
                                                                                               --------------  ---------------

Total liabilities and stockholders' equity                                                     $           -   $            -
===============================================================================================================================
</TABLE>


On behalf of the Board:

/s/Jason John
---------------------------
Jason John, Director





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

                                       4

<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(Unaudited)

<TABLE>
<CAPTION>

===============================================================================================================================

                                                                               Cumulative
                                                                                  Amounts
                                                                           From Inception
                                                                              on July 23,       Three Month       Three Month
                                                                                  1997 to      Period Ended      Period Ended
                                                                                March 31,          June 30,          June 30,
                                                                                     2001              2001              2000
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>                <C>               <C>

EXPENSES
    Office and miscellaneous                                            $             50   $             -   $             -
    Professional fees                                                             30,366              6,782             2,650
    Transfer agent and filing fees                                                 1,200                 -                 -
                                                                        ----------------   ----------------  ---------------


LOSS FOR THE PERIOD                                                     $         31,616   $          6,782  $          2,650
===============================================================================================================================


BASIC AND DILUTED LOSS PER SHARE                                                           $          (0.01) $          (0.01)
===============================================================================================================================


WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING                                                       500,000           500,000
===============================================================================================================================
</TABLE>






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

                                       5

<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
(Unaudited)

<TABLE>
<CAPTION>
===============================================================================================================================

                                                                               Cumulative
                                                                                  Amounts
                                                                           From Inception
                                                                              on July 23,       Three Month       Three Month
                                                                                  1997 to      Period Ended      Period Ended
                                                                                March 31,          June 30,          June 30,
                                                                                     2001              2001              2000
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>                <C>               <C>

CASH FLOWS FROM OPERATING ACTIVITIES
    Loss for the period                                                 $        (31,616)  $         (6,782) $         (2,650)

    Items not affecting cash:
       Stock issued for services                                                      50                 -
       Expenses paid by related party on behalf of Company                        22,445              4,832                -

    Change in non-cash working capital items
       Increase in accounts payable                                                9,121              1,950             2,650
                                                                        ----------------   ----------------  ----------------

     Net cash used in operating activities                                            -                  -                 -
                                                                        ----------------   ----------------  ---------------

CASH FLOWS FROM INVESTING ACTIVITIES
     Net cash used in investing activities                                            -                  -                 -
                                                                        ----------------   ----------------  ---------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Net cash provided by financing activities                                        -                  -                 -
                                                                        ----------------   ----------------  ---------------


CHANGE IN CASH POSITION DURING THE PERIOD                                             -                  -                 -


CASH POSITION, BEGINNING OF THE PERIOD                                                -                  -                 -
                                                                        ----------------   ----------------  ---------------


CASH POSITION, END OF THE PERIOD                                        $             -    $             -   $             -
===============================================================================================================================


SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS:
    Cash paid for income taxes                                          $             -    $             -   $             -
    Cash paid for interest                                              $             -    $             -   $             -
===============================================================================================================================


SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING, AND
FINANCING ACTIVITIES:
    Common shares issued for services                                   $             50   $             -   $             -
    Expenses paid by related party on behalf of Company                           22,445   $          4,832                -
===============================================================================================================================
</TABLE>


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

                                       6

<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
(Unaudited)

<TABLE>
<CAPTION>
===============================================================================================================================


                                                                                                     Deficit
                                                                                                 Accumulated
                                                                                                      During
                                                     Common Stock                Additional              the            Total
                                           ---------------------------------        Paid-in      Development    Stockholders'
                                                    Shares           Amount         Capital            Stage           Equity
-------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>                   <C>                                               <C>

BALANCE, JULY 23, 1997                                 -    $           -    $           -   $           -    $           -

    Capital stock issued for services             500,000               50               -               -                50

    Loss for the period                                -                -                -              (50)             (50)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 1998 AND 1999                  500,000               50               -              (50)              -

    Shareholder capital contribution                   -                -             8,052              -             8,052

    Loss for the year                                  -                -                -           (8,052)          (8,052)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 2000                           500,000               50            8,052          (8,102)              -

    Shareholder capital contribution                   -                -             9,561              -             9,561

    Loss for the year                                  -                -                -          (16,732)         (16,732)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 2001                           500,000               50           17,613         (24,834)          (7,171)

    Shareholder capital contribution                   -                -             4,832              -             4,832

    Loss for the period                                -                -                -           (6,782)          (6,782)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, JUNE 30, 2001                            500,000   $           50   $       22,445  $      (31,616)  $       (9,121)
===============================================================================================================================
</TABLE>







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

                                       7

<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2001

================================================================================


1.       ORGANIZATION OF THE COMPANY

         The Company was incorporated on July 23, 1997 under the laws of Nevada
         to engage in any lawful business or activity for which corporations may
         be organized under the laws of the State of Nevada.

         The Company entered the development stage in accordance with Statement
         of Financial Accounting Standards No. 7 on July 23, 1997. The Company
         is a "Blank Check" company which plans to search for a suitable
         business to merge with or acquire. Operations since incorporation
         consisted primarily of obtaining capital contributions by the initial
         investors and activities regarding the registration of the offering
         with the Securities and Exchange Commission.

         In the opinion of management, the accompanying financial statements
         contain all adjustments necessary (consisting only of normal recurring
         accruals) to present fairly the financial information contained
         therein. These statements do not include all disclosures required by
         generally accepted accounting principles and should be read in
         conjunction with the audited financial statements of the Company for
         the year ended March 31, 2001. The results of operations for the period
         ended June 30, 2001 are not necessarily indicative of the results to be
         expected for the year ending March 31, 2002.


2.       GOING CONCERN

         The Company's financial statements are prepared using the generally
         accepted accounting principles applicable to a going concern, which
         contemplates the realization of assets and liquidation of liabilities
         in the normal course of business. However, the Company has no current
         source of revenue. Without realization of additional capital, it would
         be unlikely for the Company to continue as a going concern. The
         Company's management plans on advancing funds on an as needed basis and
         in the longer term, revenues from the operations of the merger or
         acquisition candidate, if found. The Company's ability to continue as a
         going concern is dependent on these additional management advances,
         and, ultimately, upon achieving profitable operations through a merger
         or acquisition candidate.


3.       SIGNIFICANT ACCOUNTING POLICIES

         USE OF ESTIMATES

         The preparation of financial statements in conformity with generally
         accepted accounting principles requires management to make estimates
         and assumptions that affect the reported amount of assets and
         liabilities, disclosure of contingent assets and liabilities at the
         date of the financial statements and the reported amount of revenues
         and expenses during the year. Actual results could differ from these
         estimates.

         LOSS PER SHARE

         In February 1997, the Financial Accounting Standards Board issued
         Statement of Financial Accounting Standards No. 128, "Earnings Per
         Share" ("SFAS 128"). Under SFAS 128, basic and diluted earnings per
         share are to be presented. Basic earnings per share is computed by
         dividing income available to common shareholders by the weighted
         average number of common shares outstanding in the period. Diluted
         earnings per share takes into consideration common shares outstanding
         (computed under basic earnings per share) and potentially dilutive
         common shares.

                                       8
<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2001

================================================================================


3.       SIGNIFICANT ACCOUNTING POLICIES (cont'd.....)


         FINANCIAL INSTRUMENTS

         The Company's financial instruments consist of accounts payable. Unless
         otherwise noted, it is management's opinion that the Company is not
         exposed to significant interest, currency or credit risks arising from
         these financial instruments. The fair value of these financial
         instruments approximate their carrying values, unless otherwise noted.


         INCOME TAXES

         Income taxes are provided in accordance with Statement of Financial
         Accounting Standards No. 109 ("SFAS 109"), "Accounting for Income
         Taxes". A deferred tax asset or liability is recorded for all temporary
         differences between financial and tax reporting and net operating loss
         carryforwards. Deferred tax expenses (benefit) result from the net
         change during the year of deferred tax assets and liabilities.

         Deferred tax assets are reduced by a valuation allowance when, in the
         opinion of management, it is more likely than not that some portion or
         all of the deferred tax assets will not be realized. Deferred tax
         assets and liabilities are adjusted for the effects of changes in tax
         laws and rates on the date of enactment.


         COMPREHENSIVE INCOME

         The Company has adopted Statement of Financial Accounting Standards No.
         130 ("SFAS 130"), "Reporting Comprehensive Income". This statement
         establishes rules for the reporting of comprehensive income and its
         components. The adoption of SFAS 130 had no impact on total
         stockholders' equity as of June 30, 2001.


         ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         In June 1998, the FASB issued SFAS No. 133 "Accounting for Derivative
         Instruments and Hedging Activities" which establishes accounting and
         reporting standards for derivative instruments and for hedging
         activities. SFAS 133 is effective for all fiscal quarters of fiscal
         years beginning after June 15, 1999. In June 1999, the FASB issued SFAS
         137 to defer the effective date of SFAS 133 to fiscal quarters of
         fiscal years beginning after June 15, 1999. In June 2000, the FASB
         issued SFAS No. 138, which is a significant amendment to SFAS 133. The
         Company does not anticipate that the adoption of these statements will
         have a significant impact on its financial statements.


         STOCK-BASED COMPENSATION

         Statement of Financial Accounting Standards No. 123, "Accounting for
         Stock-Based Compensation," encourages, but does not require, companies
         to record compensation cost for stock-based employee compensation plans
         at fair value. The Company has chosen to account for stock-based
         compensation using Accounting Principles Board Opinion No. 25,
         "Accounting for Stock Issued to Employees." Accordingly compensation
         cost for stock options is measured as the excess, if any, of the quoted
         market price of the Company's stock at the date of the grant over the
         amount an employee is required to pay for the stock.

                                       9
<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2001

================================================================================


4.       CAPITAL STOCK


         The Company's authorized capital stock consists of 100,000,000 shares
         of common stock, with a par value of $0.0001 per share. All shares of
         common stock have equal voting rights and, when validly issued and
         outstanding, are entitled to one vote per share in all matters to be
         voted upon by shareholders. The shares of common stock have no
         pre-emptive, subscription, conversion or redemption rights and may be
         issued only as fully paid and non-assessable shares. Holders of the
         common stock are entitled to share pro-rata in dividends and
         distributions with respect to the common stock, as may be declared by
         the Board of Directors out of funds legally available.


         On July 18, 1997, the Company issued 500,000 shares of common stock for
         services at a deemed value of $50.



         Proposed public offering of common stock


         The Company has commenced with a "Blank Check" offering subject to Rule
         419 of the Securities Act of 1933, as amended, for 500,000 common
         shares to be sold at a price of $0.10 per share.


         Rule 419 requirements


         Rule 419 requires that offering proceeds, after deduction for
         underwriting commissions, underwriting expenses and deal allowances
         issued, be deposited into an escrow or trust account (the "Deposited
         Funds" and "Deposited Securities", respectively) governed by an
         agreement which contains certain terms and provisions specified by the
         Rule. Under Rule 419, the Deposited Funds and Deposited Securities will
         be released to the company and to the investors, respectively, only
         after the company has met the following three basic conditions. First,
         the company must execute an agreement(s) for an acquisition(s) meeting
         certain prescribed criteria. Second, the company must file a
         post-effective amendment to the registration statement that includes
         the terms of a reconfirmation offer that must contain conditions
         prescribed by the rules. The post-effective amendment must also contain
         information regarding the acquisition candidate(s) and its
         business(es), including audited financial statements. The agreement(s)
         must include, as a condition precedent to their consummation, a
         requirement that the number of investors representing 80% of the
         maximum proceeds must elect to reconfirm their investments. Third, the
         company must conduct the reconfirmation offer and satisfy all of the
         prescribed conditions, including the condition that investors
         representing 80% of the Deposited Funds must elect to remain investors.
         The post-effective amendment must also include the terms of the
         reconfirmation offer mandated by Rule 419. The reconfirmation offer
         must include certain prescribed conditions that must be satisfied
         before the Deposited Funds and Deposited Securities can be released
         from escrow. After the company submits a signed representation to the
         escrow agent that the requirements of Rule 419 have been met and after
         the acquisition(s) is consummated, the escrow agent can release the
         Deposited Funds and Deposited Securities. Investors who do not
         reconfirm their investments will receive the return of a pro-rata
         portion thereof; and in the event investors representing less than 80%
         of the Deposited Funds reconfirm their investments, the Deposited Funds
         will be returned to the investors on a pro-rata basis.

                                       10
<PAGE>


EASTERN MANAGEMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2001

================================================================================


5.       INCOME TAXES

         The Company's total deferred tax asset is as follows:

<TABLE>
<CAPTION>

         ====================================================================================================================

                                                                                                    June 30,       March 31,
                                                                                                        2001            2001
         --------------------------------------------------------------------------------------------------------------------
<S>                                                                                            <C>            <C>
         Tax benefit of net operating loss carryforward                                        $       4,743  $       3,726
         Valuation allowance                                                                          (4,743)        (3,726)
                                                                                               -------------  -------------

                                                                                               $          -   $          -
         ====================================================================================================================
</TABLE>

         The Company has a net operating loss carryforward of approximately
         $31,616, which if not used, will begin to expire in 2017. The Company
         has provided a full valuation allowance on the deferred tax asset
         because of the uncertainty regarding realizability.


6.       RELATED PARTY TRANSACTIONS

         The Company does not maintain a checking account and all expenses
         incurred by the Company are paid by an affiliate. For the three month
         period ended June 30, 2001, the Company incurred $6,782 in professional
         fees. The affiliate does not expect to be repaid for the expenses it
         pays on behalf of the Company. Accordingly, as the expenses are paid,
         they are classified as additional paid-in capital.

                                       11

<PAGE>


                                PLAN OF OPERATION

The following discussion of the plan of operations of the Company should be read
in conjunction with the financial statements and the related notes thereto
included elsewhere in this quarterly report for the three months ended June 30,
2001. This quarterly report contains certain forward-looking statements and the
Company's future operation results could differ materially from those discussed
herein.

Introduction
------------

We seek to acquire assets or shares of a business that generates revenues, in
exchange for our shares. When this registration statement becomes effective, our
President will attempt to find an acquisition candidate. Our President has not
engaged in any preliminary contact or discussions with any representative of any
other company regarding the possibility of an acquisition or merger as of the
date of this registration statement.

We will provide our shareholders with complete disclosure documentation
concerning potential business opportunities. Disclosure is expected to be in the
form of a proxy or information statement.

Our director intends to obtain certain assurances of value, including statements
of assets and liabilities, material contracts or accounts receivable statements
before closing a transaction.

We will remain a shell corporation until a merger or acquisition candidate is
identified. It is anticipated that our cash requirements will be minimal, and
that all necessary capital will be provided by the directors or officers. We do
not anticipate having to raise capital in the next twelve months. We do not
expect to acquire any plant or significant equipment.

We have not, and do not intend to enter into, any arrangement, agreement or
understanding with non-management shareholders allowing non-management
shareholders to directly or indirectly participate in or influence our
management of the Company.

We have no full time employees. Mr. Jason John is our only part time employee.
Mr. John has agreed to allocate a portion of his time to our activities, without
compensation. Mr. John anticipates that our business plan can be implemented by
him devoting approximately five (5) hours per month to our business affairs. We
do not expect any significant changes in the number of employees.

General Business Plan
---------------------

Our purpose is to acquire an interest in a business which seeks the perceived
advantages of an Exchange Act registered corporation. We will not restrict our
search to any specific business or industry. Management anticipates that it may
be able to participate in only one potential business venture because we have
nominal assets and limited financial resources.

We may seek a business combination with companies that have recently commenced
operations. It is likely that any business we select will require additional
capital to expand into new products or markets.

We anticipate that the selection of a business opportunity will be complex and
extremely risky. Due to general economic conditions, rapid technological
advances and shortages of available capital, management believes there are
numerous firms seeking the perceived benefits of a publicly registered
corporation. Business opportunities may occur in different industries and at
various stages of development.

                                       12
<PAGE>

We currently have no capital to provide to the owners of business opportunities.
However, management believes we will be able to offer owners of acquisition
candidates the opportunity to acquire a controlling ownership interest in a
publicly registered company without incurring the cost and time required to
conduct an initial public offering.

The analysis of new business opportunities will be undertaken by Mr. Jason John
who is not a professional business analyst. Management intends to concentrate on
identifying business opportunities that may be brought to our attention through
Mr. John's business associations. In analyzing prospective business
opportunities, management will consider:

         *        the available technical, financial and managerial resources;
         *        working capital and other financial requirements;
         *        history of operations, if any;
         *        prospects for the future;
         *        nature of present and expected competition;
         *        the quality and experience of management services that may
                  be available and the depth of that management;
         *        the potential for further research, development, or
                  exploration;
         *        specific risk factors which could be anticipated to impact
                  our proposed activities;
         *        the potential for growth or expansion;
         *        the potential for profit;
         *        the perceived public recognition of acceptance of products,
                  services, or trades;
         *        name identification; and
         *        other relevant factors.

We expect to meet personally with management and key personnel of the business
opportunity as part of our due diligence investigation. To the extent possible,
we intend to utilize written reports and personal investigations to evaluate
businesses. We will not acquire or merge with any company that cannot provide
audited financial statements within a reasonable period of time after closing of
the proposed transaction.

Our management will rely upon their own efforts and, to a much lesser extent,
the efforts of our shareholders, in accomplishing our business purposes. We do
not anticipate using outside consultants or advisors, except for legal counsel
and accountants. If we do retain an outside consultant or advisor, any cash fee
will be paid by the prospective merger/acquisition candidate, as we have no cash
assets.

We anticipate that we will incur nominal expenses in the implementation of our
business plan. Because we have no capital to pay these anticipated expenses,
present management will pay these charges with their personal funds, as interest
free loans. If additional funding is necessary, management and or shareholders
will continue to provide capital or arrange for additional outside funding. If a
merger candidate cannot be found within a reasonable period of time, management
will not continue to provide capital.

How Our Acquisition May be Structured
-------------------------------------

To close our business acquisition, we may become a party to a merger,
consolidation, reorganization, joint venture, or licensing agreement with
another corporation or entity. We may also acquire stock or assets of an
existing business. On closing, it is probable that our present management and
shareholders will no longer be in control. In addition, our directors may, as
part of the terms of the acquisition transaction, resign and be replaced by new
directors without a vote of our shareholders. Management may negotiate or
consent to the purchase of all or a portion of our stock. Any terms of sale of
the shares presently held by officers and/or directors will be also afforded to
all other shareholders on similar terms

                                       13
<PAGE>

and conditions. All sales will be made in compliance with the securities laws of
the United States and any applicable state.

Management may visit material facilities, obtain independent verification of
information and check references of management and key personnel. We will
participate in a business opportunity only after the negotiation and signing of
appropriate written agreements.

Negotiations with target company management are expected to focus on the
percentage of our company that the target company shareholders will acquire. Our
percentage ownership in the combined company will likely be significantly lower
than our current ownership interest.

Competition
-----------

We are an insignificant participant among the firms that engage in the
acquisition of business opportunities. There are many established venture
capital groups and financial concerns that have significantly greater financial
and personnel resources and technical expertise than we do. In view of our
extremely limited financial resources and limited management availability we
will continue to be at a significant competitive disadvantage.

"CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Except for historical matters,
the matters discussed in this Form 10-QSB are forward-looking statements based
on current expectations and involve risks and uncertainties. Forward-looking
statements include, but are not limited to, statements under the following
heading: "Managements Discussion And Analysis Or Plan Of Operations" the timing
and expected profitable results of sales and the need for no additional
financing.


                                     PART II
                                OTHER INFORMATION

Item 1.           LEGAL PROCEEDINGS

                  None

Item 2            CHANGES IN SECURITIES AND USE OF PROCEEDS

                  None

Item 3            DEFAULTS UPON SENIOR SECURITIES

                  None

Item 4            SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  None

Item 5            OTHER INFORMATION

                  None

                                       14
<PAGE>


Item 6            EXHIBITS AND REPORTS ON FORM 8-K

                  (a)      Exhibits

                           None

                  (b)      Reports on Form 8-K

                           None

                                   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.

                            EASTERN MANAGEMENT CORP.


Dated:  August 8, 2001                Per:    /s/ Jason John
                                              ----------------------------------
                                              Jason John, President and Director


                                       15