U.S. Securities and Exchange Commission

                            Washington, DC 20549

                               Form 10-QSB

   [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

       For the quarterly period ended October 31, 2001
                                      ----------------

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

       For the transition period from ________ to _________

Commission File number 0-26843


                        BF Acquisition Group I, Inc.
   --------------------------------------------------------------------
    (Exact name of small business issuer as specified in its charter)

                                 Florida
   --------------------------------------------------------------------
     (State or other jurisdiction of incorporation or organization)

                               65-0913582
   --------------------------------------------------------------------
                 (IRS Employer Identification No.)

            400 Hampton View Court, Alpharetta, Georgia 30004
   --------------------------------------------------------------------
               (Address of principal executive offices)

                              (770) 777-6795
   --------------------------------------------------------------------
                         (Issuer's telephone number)

   --------------------------------------------------------------------
      (Former name, former address, and former fiscal year, if changed
                            since last report)

                  APPLICABLE ONLY TO CORPORATE ISSUERS

    State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date: As of
January 22, 2004, there were approximately 2,275,000 shares of common
stock, $0.001 par value, issued and outstanding.

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




<PAGE>





                        BF ACQUISITION GROUP I, INC.

                            Form 10-QSB Index
                            October 31, 2001

                                                                       Page

Part I:  Financial Information..........................................3

      Item 1. Financial Statements......................................3

         Balance Sheet as of October 31, 2001 (Unaudited)
         And April 30, 2001.............................................4

         Statement of Operations For the Three and Six
         Months Ended October 31, 2001 and 2000
         (Unaudited)....................................................5

         Statements of Stockholder's Equity
         As of October 31, 2001
         (Unaudited)....................................................6

         Statement Of Cash Flows For the Six
         Months Ended October 31, 2001 and 2000
         (Unaudited))...................................................7

         Notes To Condensed Financial Statements for the
         Interim Period Ended October 31, 2001 (Unaudited)..............8-9

      Item 2. Management's Plan of Operation............................10

      Item 3. Controls and Procedures...................................11

Part II: Other Information..............................................11

      Item 1. Legal Proceedings.........................................11

      Item 2. Changes in Securities.....................................11

      Item 3. Defaults Upon Senior Securities...........................11

      Item 4. Submission of Matters to a Vote of Security Holders.......11

      Item 5. Other Information.........................................12

      Item 6. Exhibits and Reports on Form 8-K..........................12

Signatures..............................................................12




<PAGE>                               2






PART I
FINANCIAL INFORMATION


Item 1.  Financial Statements




<PAGE>                               3




                         BF ACQUISITION GROUP I, INC
                               BALANCE SHEET
                  AS OF OCTOBER 31, 2001 AND APRIL 30, 2001


<TABLE>
<CAPTION>

                                                       October 31,       April 30,
                                                           2001            2001
                                                       (unaudited)
                                                       -----------     ------------
<S>                                                    <C>             <C>

                                  ASSETS

CURRENT ASSETS: Cash and cash equivalents		$	0	$	45
                                                         ========        =========

               Total Assets                             $       0       $       45
                                                         ========        =========


                LIABILITIES AND STOCKHOLDERS' EQUITY


ACCRUED EXPENSES                                        $    2431       $     2431
                                                         ========        =========

STOCKHOLDERS' EQUITY:
     Preferred stock, no par value; 5,000,000 shares
       authorized; none issued or outstanding:
     Common stock, $.001 par value; 50,000,000 shares
        authorized;825,000 shares issued
        and outstanding at October 31, 2001 and
        April 30, 2001                                        825              825
    Additional paid-in capital                              5,116            5,116
    Deficit                                                (8,372)          (8,327)

                                                         --------        ---------

       TOTAL STOCKHOLDERS' EQUITY                          (2,431)          (2,386)
                                                         --------        ---------

       TOTAL LIABILITIES & STOCKHOLDERS' EQUITY		$	0 	$	45
                                                         ========        =========
</TABLE>


The accompanying notes are an integral part of these financial statements




<PAGE>                               4






                         BF ACQUISITION GROUP I, INC
                           STATEMENT OF OPERATIONS
                                (Unaudited)

<TABLE>
<CAPTION>


                                        Three months   Three months   Six months     Six months
                                          ended          ended          ended          ended
                                        October 31,    October 31,    October 31,    October 31,
                                           2001            2000          2001           2000
                                        (unaudited)    (unaudited)    (unaudited)    (unaudited)
                                        -----------    -----------    -----------    -----------
<S>                                     <C>            <C>            <C>            <C>

REVENUES                                $              $              $              $

GENERAL AND ADMINISTRATIVE EXPENSES               0            647             45          1,240
                                        -----------    -----------    -----------    -----------

    LOSS BEFORE INCOME TAX PROVISION              0           (647)           (45)        (1,240)


PROVISION FOR INCOME TAXES
                                        -----------    -----------    -----------    -----------

    NET LOSS                            $         0    $      (647)   $       (45)   $    (1,240)
                                        ===========    ===========    ===========    ===========


LOSS PER COMMON SHARE:
  Basic and diluted                     $    0.0000    $   (0.0008)   $   (0.0001)   $   (0.0015)
                                        ===========    ===========    ===========    ===========


  Weighted average number of common
    shares outstanding                      825,000        805,000        825,000        805,000
                                        ===========    ===========    ===========    ===========


</TABLE>



The accompanying notes are an integral part of these financial statements




<PAGE>                               5




                        BF ACQUISITION GROUP I, INC
                     STATEMENTS OF STOCKHOLDERS' EQUITY


<TABLE>
<CAPTION>
                                                         Additional                      Total
                                      Common Stock        Paid-In                    Stockholders'
                                   Shares     Amount      Capital        Deficit        Equity
                                  ---------  ---------   ----------    ----------    ------------
<S>                               <C>        <C>         <C>           <C>

Balance, April 30, 2001            825,000   $     825   $    5,116    $  (8,327)    $    (2,386)
                                  =========  =========   ==========    ==========    ============
Net loss for the six months
ended October 31, 2001                                                       (45)            (45)
                                  ---------  ---------   ----------    ----------    ------------

Balance, October 31,  2001         825,000   $     825   $    5,116    $  (8,372)    $    (2,431)
                                  =========  =========   ==========    ==========    ============

</TABLE>


The accompanying notes are an integral part of these financial statements




<PAGE>                               6




                         BF ACQUISITION GROUP I, INC
                          STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                  Six months      Six months
                                                     ended           ended
                                                  October 31,     October 31,
                                                     2001            2000
                                                  (unaudited)     (unaudited)
                                                  -----------     -----------
<S>                                               <C>             <C>

Cash flows from operating activities:

  Net loss                                        $      (45)     $   (1,240)

    Common stock issued for services                       0               0

    Changes in liabilities:

      Increase (Decrease) in accrued expenses              0             302
                                                  -----------     -----------

    Net cash used in operating activities                (45)           (938)
                                                  -----------     -----------

Cash flows from financing activities:

  Sale of common stock                                     0             500
                                                  -----------     -----------


Net (decrease) increase in cash & cash equivalents       (45            (438)


Cash & cash equivalents, beginning of period              45           1,082
                                                  -----------     -----------

Cash & cash equivalents, end of period            $        0      $      644
                                                  ===========     ===========


</TABLE>



The accompanying notes are an integral part of these financial statements




<PAGE>                               7





BF Acquisition Group I, Inc.
Notes to Financial Statements
For the Interim Period Ended October 31, 2001

NOTE 1.  BASIS OF PRESENTATION AND ORGANIZATION

General
-------

The accompanying unaudited financial statements of BF Acquisition
Group I, Inc. (the "Company") have been prepared in accordance with
generally accepted accounting principles for interim financial
information and with the instructions to Item 310(b) of Regulation S-
B.  The requirements set forth under Item 310(b) require that
footnotes and other disclosures should be provided as needed for the
fair presentation of the financial statements and to ensure that the
financial statements are not misleading. Accordingly, they do not
include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements. The
requirements of Item 310(b) also require disclosure of material
subsequent events and material contingencies notwithstanding
disclosure in the annual financial statements.  In the opinion of
management, all adjustments (consisting of normal recurring
adjustments) considered necessary for a fair presentation have been
included and there are no additional material subsequent events or
material contingencies that require disclosure.

The results of operations for the interim periods presented are not
necessarily indicative of the results of operations to be expected for
the fiscal year. These interim financial statements should be read in
conjunction with the annual audited financial statements and footnotes
included in the Company's most recent Form 10-KSB as filed with the
Securities and Exchange Commission.

Organization
------------

The Company was organized in Florida on April 15, 1999 as a "shell"
company, with plans to seek business partners or acquisition
candidates.  However, due to capital constraints, the Company was
unable to continue with its business plans, and it ultimately ceased
its activities in March 2001. Through May 2003, the Company was
dormant, incurring only minimal administrative expenses.  During June
2003, control of the entity was obtained by present management, new
capital was raised, and activities were initiated to re-establish the
business.  In accordance with applicable accounting standards, the
Company re-entered the development stage during its fiscal quarterly
period ending July 31, 2003 when control of the entity was obtained by
present management.  As of July 31, 2003, planned principal operations
have not commenced, and management is devoting most of its efforts to
general business planning, raising capital, and developing business
opportunities.  The Company's financial statements, beginning May 1,
2003, will present the cumulative amounts of expenses incurred since
the Company re-entered the development stage.

Going Concern Considerations
----------------------------

The Company's financial statements have been prepared on a going
concern basis, which contemplates the realization of assets and the
settlement of liabilities and commitments in the normal course of




<PAGE>                               8





business.  As described above, the Company was dormant for a period of
time due to the lack of capital.  The Company has incurred a loss from
operations, and it does not have any revenues to cover the Company's
incurred expenses.  Management recognizes that the Company must
generate additional resources to enable it to pay its obligations as
they come due, and that the Company must ultimately implement its
business plan and achieve profitable operations.  No assurances can be
given that the Company will be successful in these activities.  Should
any of these events not occur the accompanying consolidated financial
statements will be materially affected.

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Income Taxes
------------

All deferred tax assets created by net operating losses are offset in
their entirety by a deferred tax asset valuation allowance, therefore,
there is no provision or benefit for income taxes.

Earnings Per Common Share
-------------------------

The Company follows the provisions of SFAS No. 128, "Earnings Per
Share", which requires companies with complex capital structures or
common stock equivalents to present both basic and diluted earnings
per share ("EPS") on the face of the income statement.  Basic EPS is
calculated as income available to common stockholders divided by the
weighted average number of the common shares outstanding during the
period. Diluted EPS is the same as basic EPS for the periods presented
as the Company has no common stock equivalents.

NOTE 3.  CONTINGENCY

As described in Note 1, the Company was dormant for approximately
three and one-half years beginning in March 2001.  Prior to March
2001, the Company had elected to become a registrant with the U.S.
Securities and Exchange Commission ("SEC").  During this period it was
dormant, the Company did not file any of the reports with the SEC as
required of SEC registrants.  No accrual has been made in the
accompanying financial statements for the cost of actions, if any,
that may be taken by the SEC against the Company for its non-
compliance during this period.




<PAGE>                               9




Item 2.  Management's Plan of Operation.

                                   Overview

The following discussion "Management's Plan of Operation" contains
forward-looking statements. The words "anticipate," "believe,"
"expect," "plan," "intend," "estimate," "project," "will," "could,"
"may" and similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect to
future events and financial performance and involve risks and
uncertainties. Should one or more risks or uncertainties occur, or
should underlying assumptions prove incorrect, actual results may vary
materially and adversely from those anticipated, believed, expected,
planned, intended, estimated, projected or otherwise indicated. We
caution you not to place undue reliance on these forward-looking
statements, which we have made as of the date of this Quarterly Report
on Form 10-QSB.

The following is qualified by reference to, and should be read in
conjunction with our financial statements ("Financial Statements"),
and the notes thereto, included elsewhere in this Form 10-QSB, as well
as the discussion hereunder "Management's Plan of Operation".

                            Plan Of Operation

    During the period covered by this report, BF Acquisition Group I,
Inc. (the "Company") conducted no business operations and generated no
revenue.

Our Company was initially organized as a "shell" company, with
plans to seek business partners or acquisition candidates; however,
due to capital constraints, we were unable to continue with our
business plan. In March 2001, we ultimately ceased our business
activities and became dormant through May 2003, whereby we incurred
only minimal administrative expenses.  During June 2003, we brought in
present management, raised additional capital, and initiated
activities to re-establish our business.

During our fiscal quarterly period ending July 31, 2003, we re-
entered the development stage. At that time present management raised
capital and commenced preparations to register our Company as a
"Business Development Company" ("BDC") with the Securities and
Exchange Commission whereby we will be regulated pursuant to the
requirements of the Investment Company Act of 1940. As of the date
hereof, we have not yet registered as a BDC. As a BDC, we expect to
derive our revenues through direct investments into private companies,
start-up companies, and through the opportunities provided by turn
around companies.  We also intend to invest in the commercial real
estate market.  Additionally, we will provide fee based business
expertise through in-house consultants and contract consultants. To
date, our planned principal BDC operations have not yet commenced, and
management is devoting most of its efforts to general business
planning, raising capital, and developing business opportunities.

As described above, we were dormant for a period of time due to
the lack of capital. We incurred a loss from operations, and presently
do not have any revenues to cover our incurred expenses. Our
management recognizes that we must generate additional resources to
enable us to pay our obligations as they come due, and that we must
ultimately implement our BDC business plan and achieve profitable
operations.  We cannot assure you that we will be successful in any of
these activities.  Should any of these events not occur, our financial
condition will be materially adversely affected.




<PAGE>                               10





Presently, our Company expects to meet its current capital
requirements for the next twelve months pursuant to a combination of
third party loans made to our Company and from revenues derived from
the commencement of our business operations.

Item 3.     Controls and Procedures.

    As of the date this report is filed, an evaluation was performed
under the supervision and with the participation of the Company's
principal executive officers and financial officers of the
effectiveness of the design and operation of the Company's disclosure
controls and procedures (as such term is defined in Rules 13a-15(e)
and 15d-15(e) under the Exchange Act) as of the end of the period
covered by this report. During that period, our Company experienced
significant capital constraints, and we ultimately ceased our business
activities and became dormant through May 2003. During the period
covered by this report, our Company was unable to comply with its
Exchange Act reporting requirements because no accounting work was
completed, no financial statements were prepared, and no audits were
obtained. The evaluation revealed to the Company's principal executive
officers and financial officers that, as a result of those
circumstances, the design and operation of the Company's disclosure
controls and procedures were not effective as of the end of the period
covered by this report.

    As of the date this report is filed, our Company's new principal
executive officers and financial officers have made significant
changes in the Company's internal controls and in other factors that
could significantly affect internal controls subsequent to the date of
the above-described evaluation period. In particular, the Company has
adopted an independent audit committee, has committed funds for legal
and accounting work and the preparation of financial statements and
audits, and has brought the Company out of its dormant period as of
May 2003, all of which enables our Company's principal executive
officers and financial officers to maintain our Company as current
pursuant to its Exchange Act reporting obligations and provide our
Company with an effective design and operation of disclosure controls
and procedures.


                                   PART II
                              OTHER INFORMATION

Item 1.  Legal Proceedings

         Not Applicable

Item 2.  Change in Securities

         Not Applicable

Item 3.  Defaults Upon Senior Securities

         Not Applicable

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

         Not Applicable




<PAGE>                               11




Item 5.  Other Information

         Not Applicable

Item 6.  Exhibits and Reports on Form 8-K

(a) Exhibits:

Exhibit No.                    Description of Exhibit
-----------                    ----------------------

(31)
     31.1    Certification of the President of BF Acquisition Group I,
             Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

     31.2    Certification of the Treasurer of BF Acquisition Group I,
             Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
(32)
     32.1    Certification of the President of BF Acquisition Group I,
             Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

     32.2    Certification of the Treasurer of BF Acquisition Group I,
             Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



(b) Reports on Form 8-K

	Not Applicable

                                    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.

BF ACQUISITION GROUP I, INC.

Registrant

By:/s/ William Bosso
   ------------------------
   William Bosso, President

Dated: January 22, 2004



By:/s/William Bosso
   ------------------------
   William Bosso, President

Dated: January 22, 2004


By:/s/William Colucci
   --------------------------
   William Colucci, Treasurer

Dated: January 22, 2004




<PAGE>                               12