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, 2002
                                     ----------------

  [ ] 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, 2002

                                                                     Page

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

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

            Balance Sheet as of October 31, 2002 (Unaudited)
            And April 30, 2002.........................................4

            Statement of Operations For the Three and Six
            Months Ended October 31, 2002 and 2001 (Unaudited).........5

            Statements of Stockholder's Equity
            As of October 31, 2002 (Unaudited).........................6

            Statement Of Cash Flows For the Six
            Months Ended October 31, 2002 and 2001  (Unaudited)).......7

            Notes To Condensed Financial Statements for the
            Interim Period Ended October 31, 2002 (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, 2002 AND APRIL 30, 2002

<TABLE>
<CAPTION>


                                                        October 31,      April 30,
                                                           2002            2002
                                                        (unaudited)
                                                        -----------     -----------
<S>                                                     <C>             <C>
                           ASSETS

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

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

          LIABILITIES AND STOCKHOLDERS' EQUITY

ACCRUED EXPENSES                                         $    2,431      $    2,431

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, 2002 and
        April 30, 2002                                          825             825
    Additional paid-in capital                                5,116           5,116
    Deficit                                                  (8,372)         (8,372)
                                                          ---------       ---------

       TOTAL STOCKHOLDERS' EQUITY                            (2,431)         (2,431)
                                                          ---------       ---------
       TOTAL LIABILITIES & STOCKHOLDERS' EQUITY          $        0      $        0
                                                          =========       =========

</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,
                                            2002            2001            2002            2001
                                         (unaudited)     (unaudited)     (unaudited)     (unaudited)
                                         -----------     -----------     -----------     -----------
<S>                                      <C>             <C>             <C>             <C>

REVENUES                                 $               $               $               $

GENERAL AND ADMINISTRATIVE EXPENSES                0               0               0              45
                                          ----------      ----------      ----------      ----------

    LOSS BEFORE INCOME TAX PROVISION               0               0               0             (45)

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

    NET LOSS                             $         0      $        0      $        0      $      (45)
                                          ==========      ==========      ==========      ==========

LOSS PER COMMON SHARE:
  Basic and diluted                      $    0.0000      $   0.0000      $   0.0000      $  (0.0001)
                                          ==========      ==========      ==========      ==========
  Weighted average number of common

    shares outstanding                       825,000         825,000         825,000         825,000
                                          ==========      ==========      ==========      ==========

</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>           <C>

Balance, April 30, 2002                825,000    $    825     $   5,116      $  (8,372)    $      (2,431)
                                       ========   ========     ==========     =========     =============

Net loss for the six months
  ended October 31, 2002                                                              0                 0
                                       --------   --------     ----------     ---------     -------------
Balance, October 31, 2002              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,
                                                        2002            2001
                                                     (unaudited)     (unaudited)
                                                     -----------     -----------
<S>                                                  <C>             <C>

Cash flows from operating activities:

    Net loss                                         $         0     $       (45)

      Common stock issued for services                         0               0

      Changes in liabilities:

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

      Net cash used in operating activities                    0             (45)
                                                     -----------     -----------

Net (decrease) increase in cash & cash equivalents             0             (45)

 Cash & cash equivalents, beginning of period                  0              45
                                                     -----------     -----------

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

</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, 2002

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





<PAGE>                               8




liabilities and commitments in the normal course of 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