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 July 31, 2004
                                   -------------

[ ] 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


                  Nortia Capital Partners, 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 October 4, 2004, there were approximately 5,725,000
shares of common stock, $0.001 par value, issued and outstanding.

     Transitional Small Business Disclosure Format (check one);

        Yes [ ]                                       No [X]



<PAGE>

                  Nortia Capital Partners, Inc.
                        Form 10-QSB Index
                          July 31, 2004

                                                                  Page

Part I: Financial Information...................................   2

     Item 1. Financial Statements...............................   2

       Balance Sheet at July 31, 2004 (Unaudited)...............   3

       Statement of Operations For the Three
       Months Ended July 31, 2004 And 2003
       (Unaudited)..............................................   4

       Statement Of Cash Flows For the Three
       Months Ended July 31, 2004 And 2003
       (Unaudited)..............................................   5

       Notes To Financial Statements (Unaudited)................   6

     Item 2. Management's Plan of Operation.....................   15

     Item 3. Controls and Procedures............................   23

Part II:   Other Information....................................   24

     Item 1. Legal Proceedings..................................   24

     Item 2. Unregistered Sales of Equity Securities
             and Use of Proceeds................................   24

     Item 3. Defaults Upon Senior Securities....................   24

     Item 4. Submission of Matters to a Vote of Security
             Holders ...........................................   24

     Item 5. Other Information..................................   24

     Item 6. Exhibits...........................................   25

Signatures......................................................   26


<PAGE>
                             PART I
                      FINANCIAL INFORMATION


Item 1.  Financial Statements



































<PAGE>    2


                      Nortia Capital Partners, Inc.
                  (f/k/a BF Acquisition Group I, Inc.)
                      (A Development Stage Company)
                             Balance Sheet
                           At July 31, 2004


                               ASSETS
                               ------
Current Assets
Cash                                                      $     1,321
                                                          -----------
Total Current Assets                                            1,321
                                                          ===========

Other Assets
Accounts receivable, net of  $74,301 allowance                 72,000
Investment in affiliate - non-current:
 Available-for-sale securities
    Equities at fair market value                              36,000
                                                          -----------
Total Investment in affiliate - non-current                    36,000
                                                          -----------

Total Other Assets                                            108,000
                                                          -----------

Total Assets                                                  109,321
                                                          ===========

                            LIABILITIES
                            -----------
Current Liabilities
Accounts payable                                               19,000
Due to related party                                              613
Accrued expenses                                               27,673
Debentures                                                    250,000
                                                          -----------
Total Current Liabilities                                     297,286
                                                          ===========

                       STOCKHOLDERS' DEFICIENCY
                       ------------------------

Preferred stock, Series B, $0.001 par value,
  5,000,000 shares authorized, none issued and
  outstanding                                             $         -
Common stock, $0.001 par value, 50,000,000 shares
  authorized 2,275,000 shares issued and outstanding            2,275
Common stock issuable, 3,435,000 shares                         3,435
Additional paid in capital                                    178,881
Accumulated deficit                                           (12,398)
Deficit accumulated during development stage                 (316,453)
Accumulated other comprehensive loss                          (43,706)
                                                          -----------
Total Stockholders' Deficiency                               (187,965)
                                                          ===========

Total Liabilities and Stockholders' Equity                $   109,321
                                                          ===========




             See accompanying notes to financial statements.


<PAGE>   3


                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                       Statements of Operations

<TABLE>
<CAPTION>
                                                                 Period from
                                                                 May 1, 2003
                                     Three Months Ended         (Inception of
                                           July 31,            Development Stage)
                                      2004         2003        to July 31, 2004
                                   ----------   ----------     ------------------
<S>                                <C>          <C>            <C>

Revenues                           $   60,000   $     -        $          206,301

Operating Expenses
General and administrative             35,888        2,078                111,022
Provision for accounts receivable      74,301         -                    74,301
Consulting                              6,150         -                     6,150
Compensation                            1,000         -                   187,799
Directors fees                            150         -                    12,150
Professional                              500       10,000                 20,500
                                   ----------   ----------     ------------------
Total Operating Expenses              117,989       12,078                411,922
                                   ----------   ----------     ------------------

Income (Loss) from Operations         (57,989)     (12,078)              (205,621)

Other Income (Expense)
Interest expense                       (6,302)       (183)                (17,749)
Loss on sale of available for
  sale securities                     (64,738)       -                    (64,738)
Other than temporary loss on
  available for sale securities       (24,000)       -                    (24,000)
Interest income                            40        -                         51
                                   ----------   ----------     ------------------
Total Other Income (Expense)          (94,999)        (183)              (106,435)

Net loss Before Income Taxes       $ (152,989)  $  (12,261)    $         (312,056)
                                   ==========   ==========     ==================


Income tax expense                       -           -                     (4,397)
                                   ----------   ----------     ------------------

Net loss                           $ (152,989)  $  (12,261)    $         (316,453)
                                   ==========   ==========     ==================

Comprehensive Loss
Unrealized losses on available
  for sale securities                (182,758)       -                    (43,706)
                                   ----------   ----------     ------------------

Total Comprehensive Loss           $ (335,746)  $  (12,261)    $         (360,159)
                                   ==========   ==========     ==================

Net Loss Per Share
  - Basic and Diluted              $    (0.03)  $    (0.01)    $            (0.12)
                                   ==========   ==========     ==================

Weighted Average Shares             5,098,944    2,275,000              2,980,066
                                   ==========   ==========     ==================
</TABLE>



             See accompanying notes to financial statements.



<PAGE>   4


                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                      Statements of Cash Flows

<TABLE>
<CAPTION>
                                                                              Period from
                                                                              May 1, 2003
                                                  Three Months Ended         (Inception of
                                                        July 31,            Development Stage)
                                                   2004         2003        to July 31, 2004
                                                ----------   ----------     ------------------
<S>                                             <C>          <C>            <C>
Cash Flows From Operating Activities:
Net loss                                        $ (152,989)  $  (12,261)     $        (316,453)
Adjustments to reconcile net loss to net
cash used in operations:
 Debentures issued for legal services                 -            -                     5,000
 Loss on sale of available for sale
   securities                                       64,738         -                    64,738
 Other than temporary loss on available
   for sale securities                              24,000         -                    24,000
 Transfer of available for sale securities
   for consulting services                           2,100         -                     2,100
 Provision for accounts receivable                  74,301         -                    74,301
 Common stock issuable for compensation              1,000         -                   161,000
 Common stock issuable for directors fees              150         -                    12,150
 Common stock issuable for consulting services       4,050         -                     4,050
 Common stock based revenue                        (60,000)        -                  (206,301)
Changes in operating assets and liabilities:                       -                      -
  Decrease in prepaid expenses                        -             540                    540
  Increase in accounts payable                      14,000       12,458                 19,000
  Increase (decrease) in due to related party         (500)       1,113                    613
  Increase (decrease) in accrued expenses            7,301       (5,363)                22,126
                                                ----------   ----------     ------------------
Net Cash Used In Operating Activities              (21,848)      (3,514)              (133,136)
                                                ----------   ----------     ------------------

Cash Flows From Investing Activities:
  Purchase of available for sale securities           -            -                   (49,948)
  Proceeds from sale of available for sale
    securities                                      14,405         -                    14,405
                                                ----------   ----------     ------------------
Net Cash Provided By Investing Activities           14,405         -                   (35,543)
                                                ----------   ----------     ------------------

Cash Flows From Financing Activities:
  Proceeds from issuance of debentures               -           11,500                170,000
                                                ----------   ----------     ------------------
Net Cash Provided By Financing Activities            -           11,500                170,000
                                                ----------   ----------     ------------------

Net Decrease in Cash                                (7,443)       7,986                  1,321
                                                ----------   ----------     ------------------

Cash at Beginning of Period                          8,764         -                      -
                                                ----------   ----------     ------------------
Cash at End of Period                           $    1,321   $    7,986     $            1,321

Cash interest paid                              $     -      $     -        $             -

Supplemental Disclosure of Non-Cash
  Transactions:
Debentures issued for available-for-sale
  securities                                    $     -      $     -        $           75,000
Exchange of accounts receivable for
  available-for-sale securities                       -            -                    60,000
Unrealized losses on available-for-sale
  securities                                      (182,758)        -                   (43,706)

</TABLE>


             See accompanying notes to financial statements.



<PAGE>   5

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004

Note 1   Basis of Presentation
------------------------------

The accompanying unaudited consolidated financial statements have
been prepared in accordance with accounting principles generally
accepted in the United States of America of America and the rules
and regulations of the United States of America Securities and
Exchange Commission for interim consolidated financial information.
Accordingly, they do not include all the information and footnotes
necessary for a comprehensive presentation of consolidated financial
position and results of operations.

It is management's opinion, however, that all material adjustments
(consisting of normal recurring adjustments and certain non-
recurring adjustments) have been made which are necessary for a fair
financial statement presentation.  The results for the interim
period are not necessarily indicative of the results to be expected
for the year.

For further information, refer to the audited financial statements
and footnotes of the Company for the year ending April 30, 2004
included in the Company's Form 10-KSB.

Note 2   Nature of Operations and Summary of Significant Accounting
         Policies
-------------------------------------------------------------------

Nature of Operations

Nortia Capital Partners, Inc. (f/k/a BF Acquisition Group I, Inc.)
("Nortia", "the Company", "we", "us") is a publicly held company
that during the period covered by this report is in the development
stage since it has not generated significant revenue and not
implemented its business plan.

We were organized as BF Acquisition Group I, Inc. under the laws of
the State of Florida on April 15, 1999, as a "shell" company with
plans to seek business partners or acquisition candidates.  Due to
capital constraints, however, 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 engaged present management, began to raise
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.  During the development stage,
we have raised additional capital and commenced preparations to
implement our business plan.

Prior to the issuance of this Form 10-QSB, we have not filed in a
timely manner our required reports with the Securities and Exchange
Commission ("SEC") for the quarterly periods ended July 31, 2003,
October 31, 2003, January 31, 2004, July 31, 2004 and the annual
report on form 10-KSB for the period ended April 30, 2004.  No
provision has been recorded 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 (See
Note 8 - Commitments and Contingencies).

Effective August 2, 2004, the Company changed its name to Nortia
Capital Partners, Inc (See Note 10 - Subsequent Events).


<PAGE>   6

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004


In September 2004, our Company issued Company Common Stock
certificates to respective shareholders representing 3,330,000
shares of previously authorized but unissued shares of our Common
Stock (See Note 10 - Subsequent Events).

Significant Accounting Policies

Accounting Estimates

When preparing financial statements in conformity with U.S. GAAP, our
management must make estimates based on future events which affect the
reported amounts of assets and liabilities, the disclosure of contingent
assets and liabilities as of the date of the financial statements, and
revenues and expenses during the reporting period.  Actual results could
differ from these estimates.  Significant estimates in the accompanying
financial statements include the evaluation of a beneficial conversion
feature for debentures, valuation of the fair value of financial
instruments, valuation of common stock for services and the recognition
of deferred tax assets and liabilities.

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid investments with a
maturity date of three months or less when purchased.

Accounts Receivable

Accounts receivable result from the sale of the Company's services and
is reported at anticipated realizable value.  The Company estimates its
allowance for doubtful accounts based on a specific identification basis
and additional allowances as needed based upon historical collections
experience.  Accounts receivable is considered past due if payment has
not been received from the customer within thirty days and management
reviews the customer accounts on a routine basis to determine if an
account should be charged off.

Beneficial Conversion Feature in Debentures

In accordance with EITF Issue 98-5, as amended by EITF 00-27, we
must evaluate the potential effect of any beneficial conversion
terms related to convertible instruments such as convertible debt or
convertible preferred stock.  The Company has issued several
debentures and a beneficial conversion may exist if the holder, upon
conversion, may receive instruments that exceed the value of the
convertible instrument.  Valuation of the benefit is determined
based upon various factors including the valuation of equity
instruments, such as warrants, that may have been issued with the
convertible instruments, conversion terms, value of the instruments
to which the convertible instrument is convertible, etc.
Accordingly, the ultimate value of the beneficial feature is
considered an estimate due to the partially subjective nature of
valuation techniques.

Fair Value of Financial Instruments

We define the fair value of a financial instrument as the amount at
which the instrument could be exchanged in a current transaction
between willing parties. The carrying value of accounts payable and
accrued liabilities approximates fair value because of the short
maturity of those instruments. The estimated fair value of our other
obligations is estimated based on the current rates offered to us
for similar maturities.  Based on prevailing interest rates and the
short-term maturity of all of our indebtedness, management believes
that the fair value of our obligations approximates book value at
July 31, 2004.



<PAGE>   7

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004


Stock-Based Compensation

The  Company  accounts  for stock options  issued  to  employees  in
accordance  with  the  provisions  of  Accounting  Principles  Board
("APB")  Opinion No. 25, "Accounting for Stock Issued to Employees,"
and related interpretations.  As such, compensation cost is measured
on  the  date of grant as the excess of the current market price  of
the  underlying  stock over the exercise price.   Such  compensation
amounts  are  amortized over the respective vesting periods  of  the
option grant.  The Company adopted the disclosure provisions of SFAS
No.  123 "Accounting for Stock-Based Compensation," and SFAS No. 148
"Accounting   for   Stock  Based  Compensation  -   Transition   and
Disclosure," which permits entities to provide pro forma net  income
(loss)  and  pro  forma  earnings (loss) per share  disclosures  for
employee  stock  option  grants as if the fair-valued  based  method
defined in SFAS No. 123 had been applied.

The  Company accounts for stock options or warrants issued  to  non-
employees  for goods or services in accordance with the  fair  value
method  of  SFAS  123.  Under this method, the  Company  records  an
expense  equal to the fair value of the options or warrants  issued.
The  fair value is computed using an options pricing model.  At July
31, 2004, the Company had no stock options or warrants outstanding.

Revenue Recognition
The Company recognizes revenues in accordance with the guidance in
the Securities and Exchange Commission Staff Accounting Bulletin
104. Revenue is recognized when persuasive evidence of an
arrangement exists, as services are provided over the term of a
service contract, and when collection of the fixed or determinable
selling price is reasonable assured.  The Company follows EITF 00-8
"Accounting by a Grantee for an Equity Instrument to be Received in
Conjunction with Providing Goods or Services" when determining the
measurement date to value securities received for services.

Income Taxes

Income taxes are accounted for under the asset and liability method
of Statement of Financial Accounting Standards No. 109, "Accounting
for Income Taxes ("SFAS 109")."  Under SFAS 109, deferred tax assets
and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying
amounts of existing assets and liabilities and their respective tax
bases.  Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years
in which those temporary differences are expected to be recovered or
settled.  Under SFAS 109, the effect on deferred tax assets and
liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date.

Loss per Common Share

Basic earnings per share are computed only on the weighted average
number of common shares outstanding during the respective periods.
There were no additional common stock equivalents or other items to
adjust the numerator or denominator in the EPS computations.


Comprehensive Loss

Comprehensive loss includes net loss as currently reported by the
Company adjusted for other comprehensive losses. Other comprehensive
losses for the Company consists of unrealized losses related to the
Company's equity securities accounted for as available-for-sale with
changes in fair value recorded through stockholders' equity



<PAGE>   8

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004


Concentration

All revenue for the three months ended July 31, 2004 and accounts
receivable at July 31, 2004 are derived from one customer.

3.     GOING CONCERN

As reflected in the accompanying financial statements, the Company
has a net loss of $152,989 and net cash used in operations of
$21,848 for the three months ended July 31, 2004, a working capital
deficiency of $295,965, a stockholders' deficiency of $187,965 and a
deficit accumulated during the development stage of $316,453 at July
31, 2004.  Additionally, at August 31, 2004, the Company is in
default of $37,500 of Debentures (See Note 10 - Subsequent Events).
The ability of the Company to continue as a going concern is
dependent on the Company's ability to further implement its business
plan, raise capital, and generate revenues.  The financial
statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.

The ability of the Company to continue as a going concern is
dependent on the Company's ability to further implement its business
plan, raise capital, and generate revenues.  The financial
statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.

We plan on generating future revenues through direct investments
into private companies, start-up companies, and through the
opportunities provided by turnaround 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 operations
have not yet commenced, and management is devoting most of its
efforts to general business planning, raising capital, and
developing business opportunities.

The time required for us to become profitable from operations is
highly uncertain, and we cannot assure you that we will achieve or
sustain operating profitability or generate sufficient cash flow to
meet our planned capital expenditures, working capital and debt
service requirements. If required, our ability to obtain additional
financing from other sources also depends on many factors beyond our
control, including the state of the capital markets and the
prospects for our business. The necessary additional financing may
not be available to us or may be available only on terms that would
result in further dilution to the current owners of our common
stock.

We cannot assure you that we will generate sufficient cash flow from
operations or obtain additional financing to meet scheduled debt
payments and financial covenants.  If we fail to make any required
payment under the agreements and related documents governing our
indebtedness or fail to comply with the financial and operating
covenants contained in them, we would be in default.  The financial
statements do not include any adjustments to reflect the possible
effects on recoverability and classification of assets or the
amounts and classification of liabilities which may result from the
inability of the Company to continue as a going concern.

We obtained $170,000 of proceeds from the issuance of Debentures for
the twelve months ended April 30, 2004 and in August and September
2004, we have received another  $180,000 of proceeds from the
issuance of Debentures (See Note 10 - Subsequent Events). We will
utilize those funds to cover our current obligations.  Additionally,
we determined that it was necessary to raise additional capital to
carry out the Company's business plan and the Company anticipates


<PAGE>   9

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004


the issuance of up to $1,000,000 of the Company's common stock.  We
are planning on obtaining additional cash proceeds in the next
twelve months from the issuance of securities to be determined.

As a result of the above items, we believe that we will have
sufficient operating cash to meet are required expenditures for the
next twelve months.

4.     ACCOUNTS RECEIVABLE

Accounts receivable at July 31, 2004 represents the value of
securities due for services and is classified as non-current in that
the securities are classified as non-current (See Note 2 - Revenue
Recognition).  Additionally, the Company has recorded a valuation
allowance of $74,301 at July 31, 2004 reflecting the impairment in
value for the underlying securities making up the balance (See Note
5 - Investments).

5.     INVESTMENTS

In November 2003, we issued $75,000 of debentures in exchange for
100,000 shares of freely trading common stock in the same publicly
held company discussed below.  In accordance with FAS 115
"Accounting for Certain Investments in Debt and Equity Securities",
we recorded the 100,000 shares of common stock as "available-for-
sale" securities, a current asset and the resulting $5,000
unrealized gain at April 30, 2004 was classified as a separate
component of stockholders' equity - accumulated other comprehensive
income.

In April 2004, we purchased 5,000 shares of freely trading common
stock for $6,243 in the same publicly held company as discussed
above. In accordance with FAS 115, we recorded the 5,000 shares of
common stock as "available-for-sale" securities, a current asset and
the resulting $2,243 unrealized loss at April 30, 2004 was
classified as a separate component of stockholders' equity -
accumulated other comprehensive income.

In May 2004, we transferred 7,500 of these shares to a third party
for payment of public relations services for another publicly held
company, the company mentioned previously that we have an investment
in and a consulting agreement with.  The fair market value of the
stock on the transfer date was $0.28 per share or $2,100 and the
Company recorded this amount as consulting expense and recorded a
$3,525 loss on the disposal of the securities.

In June and July of 2004, we sold the remaining 97,500 shares and
received $14,405 of proceeds and recognized a $64,738 loss on the
sale of the securities.  As a result of the transfer and sale of the
above securities, we have reversed the above mentioned $5,000
unrealized gain and $2,243 unrealized loss that were recorded at
April 30, 2004.

The following is a summary of the investments in available-for-sale
securities classified as a non-current asset at July 31, 2004:

<TABLE>
<CAPTION>
Available-for-Sale                       Gross               Gross           Estimated Fair
 Securities:              Cost      Unrealized Gains    Unrealized Losses        Value
------------------        -------   ----------------    -----------------    --------------
<S>                       <C>       <C>                 <C>                  <C>

Equity securities         $79,706        $ 0                 $43,706             $36,000
                          =======        ===                 =======             =======
</TABLE>


<PAGE>   10

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004


In September 2003, we entered into a consulting contract with a
publicly traded company (See Note 6 - Debentures).  We are providing
consulting services to this company in exchange for $240,000 to be
paid to us in the form of one million two hundred thousand
(1,200,000) restricted shares of their common stock, valued at $0.20
per share.  The term of the consulting agreement is for twelve (12)
months and the common stock will be payable on a quarterly basis.
In January 2004, we received three hundred thousand (300,000) shares
as compensation for services and have accounted for $60,000 of
consulting fees earned during the three months ended July 31, 2004
and have earned $206,301 of consulting fees from the inception of
the contract.  We have recorded the fees as revenue, pro-rata over
the contract term in accordance with EITF 00-8 "Accounting by a
Grantee for an Equity Instrument to be Received in conjunction with
Providing Goods or Services" based on the $0.20 fair value on the
contract date.  In accordance with FAS 115, we recorded the
restricted shares as "available-for-sale" securities, a non-current
asset and the resulting unrealized gain of $180,000 at April 30,
2004 was classified as a separate component of stockholders' equity
- accumulated other comprehensive income.

In accordance with EITF 03-01 "The Meaning of Other Than Temporary
Impairment and its Application to Certain Investments", we have
evaluated the underlying securities that the original cost of $0.20
had a fair market value of $2.15 in January 2004, but the fair
market value had been reduced to $0.12 per share as of July 31,
2004, or less than the $.20 cost.  We have also evaluated the
Company that issued the shares which is a development stage company,
has a stockholders' deficiency and an accumulated deficit.  As a
result of our analysis, the fair market value at July 31, 2004 is
$36,000 and we believe that the impairment is other than temporary
and have reversed the $180,000 previously recorded unrealized gain
discussed above and recorded a $24,000 other than temporary
impairment loss at July 31, 2004.

Additionally, in July 2004, our Chief Executive Officer and Chairman
of the Board, was elected President and a Director of the Company
discussed above that we own the securities in.  As a result, we have
classified the securities as an Investment in Affiliate at July 31,
2004.

In April 2004, we acquired 2,587,983 shares for a purchase price of
$43,706 representing approximately 11% of a publicly held company
that emerged from bankruptcy under Chapter Eleven (11) of the
federal bankruptcy code. There is no active trading market for the
shares and the company is in the process of developing its primary
product to offer to the market but has not achieved this progress as
of the date of the accompanying financial statements.  Accordingly,
the Company has recorded an unrealized loss for the entire $43,706
which is classified as a separate component of stockholders' equity
- accumulated other comprehensive loss.

The following represents information about securities held with loss
positions as of July 31, 2004:


<TABLE>

Securities in loss
positions less than         Aggregate         Aggregate
    12 months:          Unrealized Losses     Fair Value
-------------------     -----------------     ----------
<S>                     <C>                   <C>

Equity securities           $ 43,705              $ 0
                            ========              ===
</TABLE>


6.     DEBENTURES

From May 2003 through March of 2004, we received $170,000 of cash
proceeds from the issuance of debentures to several parties.  The



<PAGE>   11

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004


debenture terms are interest at ten percent (10%) per annum, payable
in twelve (12) months from the date of the debenture and include a
five percent (5%) penalty for any event of default.  Additionally,
the debenture holders may be granted the option of converting the
debenture into common stock of the Company at an exchange rate of
twenty-five cents ($0.25) per share.
We have evaluated the debenture to determine if a beneficial
conversion feature exists in accordance with EITF 98-5, as amended
by EITF 0027.  We have determined that the debentures are not a
convertible instrument in that the potential conversion feature
outlined in the debentures is not binding.

In November 2003, we issued $75,000 of debentures in exchange for
100,000 shares of freely trading common stock in a publicly held
company (see Note 5 - Investments).

In January 2004, we issued a $5,000 debenture to a third party for
legal services and accounted for the issuance as legal expense.

At July 31, 2004, we had $250,000 of debentures outstanding (see
Note 10 - Subsequent Events).   As of August 31, 2004, $37,500 of
the Debentures discussed previously is in default as the term was
for one (1) year. The debenture provisions include a penalty of five
percent (5%) for any default that occurs and this would total
$1,875.  The Company is in discussions with the debenture holders
concerning the default.

7.     STOCKHOLDERS' DEFICIENCY

Capital Structure

We are authorized to issue up to 50,000,000 shares of our common
stock, $0.001 par value per share, of which 2,275,000 were issued
and outstanding at July 31, 2004.  The holders of the common stock
do not have any preemptive right to subscribe for, or purchase, any
shares of any class of stock.

We are authorized to issue up to 5,000,000 shares of our preferred
stock, $0.001 par value per share, of which none were issued and
outstanding at July 31, 2004.  Our preferred stock is commonly
referred as a "blank check preferred stock" as the Board of
Directors is authorized to establish the number of shares to be
included in each class or series and the preferences, limitations
and relative rights of each class or series, which may include a
conversion feature into common stock.

In March 2004, we granted 2,150,000 shares of our common stock for
compensation and board fees to two individuals.  There is no active
trading market for the Company's common stock and we analyzed
several methodologies to determine the value per share for the stock
issuance.  As a result of our research, we determined that the
appropriate methodology was to utilize the net asset value of the
Company immediately preceding the issuance of the shares and
determined that the valuation was $0.08 per share, valued at on the
grant date and expensed immediately as $160,000 of compensation
expense and $12,000 of directors fees as there was no formal
employment agreement or stated term.  At July 31, 2004, the shares
were not issued and have been recorded as Common Stock Issuable in
the accompanying Balance Sheet.

In May 2004, we entered into a consulting agreement with a third
party whereby the consultant will provide corporate business
development and consulting services for us.  The term of the
agreement is twenty-four (24) months and consultant will receive a
total of two hundred forty thousand (240,000) shares of the Common



<PAGE>   12

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004


Stock of the Company.  One hundred twenty thousand (120,000) shares
were granted and vested upon the execution of the agreement and the
remaining shares will be earned at the rate of 5,000 shares monthly
and issued on a quarterly basis.  As of July 31, 2004, an additional
fifteen thousand (15,000) were granted and vested, thus making the
total shares vested one hundred thirty five thousand (135,000) at
July 31, 2004.  As mentioned above, there is no active trading
market for the Company's common stock and we analyzed several
methodologies to determine the value per share for the stock
issuance.  As a result of our research, we determined that the
appropriate methodology was to utilize the net asset value of the
Company immediately preceding the issuance of the shares and
determined that the valuation was $0.03 per share, thus valued at
the issuance date at $4,050.  Due to the immaterial amount of the
valuation, the Company has elected to expense the entire $4,050 in
the accompanying statement of operations rather than recognize the
amount evenly over the agreement term.  The remaining shares will be
valued at each quarterly issuance measurement date and such value
recognized as expense over the quarterly measurement period. At July
31, 2004, the shares were not issued and have been recorded as
Common Stock Issuable in the accompanying Balance Sheet.

In June 2004, we granted 1,150,000 shares of our common stock for
compensation and board fees to our new President.  There is no
active trading market for the Company's common stock and we analyzed
several methodologies to determine the value per share for the stock
issuance.  As a result of our research, we determined that the
appropriate methodology was to utilize the net asset value of the
Company immediately preceding the issuance of the shares.  However,
based upon this analysis, the net asset value was a negative number
and could not be utilized.  The Company has determined that a
nominal value should be utilized and the valuation is $0.001 per
share, valued at on the grant date and expensed immediately as
$1,000 of compensation expense and $150 of directors fees as there
was no formal employment agreement or stated term.  At July 31,
2004, the shares were not issued and have been recorded as Common
Stock Issuable in the accompanying Balance Sheet.

8.     COMMITMENTS AND CONTINGENCIES

From time to time we may become subject to proceedings, lawsuits and
other claims in the ordinary course of business including
proceedings related to environmental and other matters.  Such
matters are subject to many uncertainties, and outcomes are not
predictable with assurance.

As described in Note 2, we did not file any of the reports with the
SEC as required of SEC registrants. No provision 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.

We  currently do not have a lease and we are not paying rent for our
office   space.  It  is  being  provided  to  the  Company   by   an
officer/director  free  of  charge  (See  Note  9  -  Related  Party
Transactions).  Usage of this office space and the related value  is
de  minimis.   Therefore,  no  expense  has  been  recorded  in  the
accompanying Financial Statements.  We expect we will have to  lease
more substantial office in the near future and that the cost of  the
space may be material to our operations.



<PAGE>   13

                    Nortia Capital Partners, Inc.
                (f/k/a BF Acquisition Group I, Inc.)
                    (A Development Stage Company)
                    Notes to Financial Statements
                            July 31, 2004

The Company has not filed required payroll tax reports with
applicable state and federal authorities as required.  Accordingly,
the Company may be subject to penalties and fines and no adjustment
has been made in the accompanying Financial Statements for this
uncertainty.

9.     RELATED PARTY TRANSACTIONS

At April 30, 2003, we had an accounts payable in the amount of
$3,113 to a shareholder/director who directly paid certain expenses
of the Company and these were non-interest bearing and do not have
any repayment terms. During the twelve months ended April 30, 2004,
resulting in a balance due of $1,113 at April 30, 2004 and during
the three months ended July 31, 2004, we repaid $500 of these
advances.  At July 31, 2004, the balance outstanding is $613 and is
included in due to related party on the accompanying balance sheet.

We  currently do not have a lease and we are not paying rent on  our
space.  It  is  being provided to the Company by an officer/director
free of charge (See Note 8 - Commitments and Contingencies).

10.     SUBSEQUENT EVENTS

On August 2, 2004, the Company amended its Articles of Incorporation
officially changing the name of the Company from BF Acquisition
Group I, Inc. to Nortia Capital Partners, Inc.

As of August 31, 2004, $37,500 of the Debentures discussed
previously is in default as the term was for one (1) year. The
debenture provisions include a penalty of five percent (5%) for any
default that occurs and this would total $1,875.  The Company is in
discussions with the debenture holders concerning the default.

In August and September of 2004, we received $180,000 of proceeds
from the issuance of Debentures.

In September 2004, our Company issued Company Common Stock
certificates to respective shareholders representing 3,330,000
shares of previously authorized but unissued shares of our Common
Stock.

















<PAGE>   14


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

                            Overview

     The   following  discussion  "Management's  Discussion   and
Analysis   or   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
Discussion and Analysis or Plan of Operation".


      Effective  August  2, 2004, Nortia Capital  Partners,  Inc.
(f/k/a  BF  Acquisition Group I, Inc.) ("Nortia", the  "Company",
"we", "us") changed its name from BF Acquisition Group I, Inc. to
Nortia Capital Partners, Inc.

     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  engaged present management, raised additional capital,
and initiated activities to re-establish our business.

     Prior to the issuance of this Form 10-QSB, we have not filed
in  a timely manner our required reports with the Securities  and
Exchange Commission ("SEC") for the quarterly periods ended  July
31,  2003, October 31, 2003, January 31, 2004, July 31, 2004  and
the  annual report on form 10-KSB for the period ended April  30,
2004.   No  provision  has  been  recorded  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.

     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 and residential real estate  market.
Additionally,  we  will  provide  fee  based  business  expertise
through  in-house consultants and contract consultants. To  date,



<PAGE>   15


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 sufficient 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.

     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.

OVERVIEW OF COMPANY.

     Since  its  inception,  the Company has  suffered  recurring
losses  from  operations  and  has  been  dependent  on  existing
stockholders  and new investors to provide the cash resources  to
sustain  its  operations.  We have had  and  could  have  losses,
deficits  and deficiencies in liquidity, which could  impair  our
ability  to continue as a going concern. Our independent auditors
have  indicated, in their audit opinion for the year ended  April
30,   2004  and  April  30,  2003,  that  certain  factors  raise
substantial  doubt  about our ability  to  continue  as  a  going
concern and these continuing factors are discussed in note  3  to
our  accompanying  July  31, 2004 interim  financial  statements.
Since  its  inception, the Company has suffered recurring  losses
from  operations and has been dependent on existing  stockholders
and  new  investors to provide the cash resources to sustain  its
operations.

     As  reflected in the accompanying financial statements,  the
Company  has  a  net  loss  of $152,989  and  net  cash  used  in
operations of $21,848 for the three months ended July 31, 2004, a
working   capital   deficiency  of  $295,695,   a   stockholders'
deficiency  of  $187,965  and a deficit  accumulated  during  the
development stage of $316,453 at July 31, 2004.  Additionally, at
August  31,  2004,  the  Company is  in  default  of  $37,500  of
Debentures.

     The  Company is in the development stage and the ability  to
continue as a going concern is dependent on the Company's ability
to  further  implement  its  business plan,  raise  capital,  and
generate  revenues.  The financial statements do not include  any
adjustments that might be necessary if the Company is  unable  to
continue as a going concern

     The  time  required  for us to become profitable  is  highly
uncertain,  and  we  cannot assure you that we  will  achieve  or
sustain  profitability  or  generate sufficient  cash  flow  from
operations  to  meet  our planned capital  expenditures,  working
capital  and debt service requirements. If required, our  ability
to obtain additional financing from other sources also depends on
many  factors  beyond our control, including  the  state  of  the
capital markets and the prospects for our business. The necessary
additional  financing  may  not be available  to  us  or  may  be
available only on terms that would result in further dilution  to
the current owners of our common stock.



<PAGE>   16

The Company's long-term viability as a going concern is dependent
on certain key factors, as follows:

  -  The  Company's ability to continue to obtain  sources  of
     outside financing to support near term operations and to allow
     the Company to continue to make investments

  -  The Company's ability to increase profitability and sustain
     a  cash  flow level that will ensure support for  continuing
     operations.


RECENT DEVELOPMENTS

On   August  2,  2004,  the  Company  amended  its  Articles   of
Incorporation officially changing the name of the Company from BF
Acquisition Group I, Inc. to Nortia Capital Partners, Inc.

As  of  August  31,  2004,  $37,500 of the  Debentures  discussed
previously  is in default as the term was for one (1)  year.  The
debenture provisions include a penalty of five percent  (5%)  for
any default that occurs and this would total $1,875.  The Company
is  in  discussions  with  the debenture holders  concerning  the
default.

In August and September of 2004, we received $180,000 of proceeds
from the issuance of Debentures.

In  September  2004,  our  Company issued  Company  Common  Stock
certificates  to  respective shareholders representing  3,330,000
shares of previously authorized but unissued shares of our Common
Stock.

CRITICAL ACCOUNTING ESTIMATES AND POLICIES

     The  methods, estimates and judgment we use in applying  our
most  critical accounting policies have a significant  impact  on
the   results  we  report  in  our  financial  statements.    The
Securities and Exchange Commission has defined the most  critical
accounting  policies as the ones that are most important  to  the
portrayal of our financial condition and results, and require  us
to  make our most difficult and subjective judgments, often as  a
result  of  the  need  to  make estimates  of  matters  that  are
inherently  uncertain.   Based upon  this  definition,  our  most
critical estimates include going concern, the evaluation  of  the
beneficial  conversion feature in debentures and  investments  in
available-for-sale securities.  We also have other key accounting
estimates and policies, but we believe that these other  policies
either  do  not  generally  require  us  to  make  estimates  and
judgments that are as difficult or as subjective, or it  is  less
likely  that  they would have a material impact on  our  reported
results  of  operations  for  a  given  period.   For  additional
information  see  Note  3  "Summary  of  Significant   Accounting
Policies"  in  the  notes to our unaudited  financial  statements
contained  in  our  quarterly  report  on  Form  10-QSB  for  the
quarterly  period ended July 31, 2004.  Although we believe  that
our estimates and assumptions are reasonable, they are based upon
information  presently  available.   Actual  results  may  differ
significantly from these estimates.

GOING CONCERN

     The   independent   auditors'  reports  to   our   financial
statements for the year ended April 30, 2004 and April 30,  2003,
include  an  explanatory  paragraph in addition  to  their  audit
opinion  stating that our recurring losses from operations,  cash
used in operations, $37,500 of our debentures being in default as



<PAGE>   17

of  August  31,  2004  and  being in the development  stage  with
minimal  revenues raise substantial doubt about  our  ability  to
continue  as  a going concern.  Our financial statements  do  not
include  any  adjustments  to reflect  the  possible  effects  on
recoverability  and classification of assets or the  amounts  and
classification of liabilities that may result from our  inability
to continue as a going concern.

EVALUATION OF BENEFICIAL CONVERSION FEATURE IN DEBENTURES

     In  accordance with EITF Issue 98-5, as amended by EITF  00-
27,  we  must  evaluate the potential effect  of  any  beneficial
conversion  terms  related  to convertible  instruments  such  as
convertible debt or convertible preferred stock.  The Company has
issued  several debentures and a beneficial conversion may  exist
if  the  holder,  upon conversion, may receive  instruments  that
exceed the value of the convertible instrument.  Valuation of the
benefit  is  determined based upon various factors including  the
valuation of equity instruments, such as warrants, that may  have
been  issued with the convertible instruments, conversion  terms,
value  of the instruments to which the convertible instrument  is
convertible,  etc.   Accordingly,  the  ultimate  value  of   the
beneficial feature is considered an estimate due to the partially
subjective nature of valuation techniques.

VALUATION OF INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES

     Investments  in available-for-sale securities are  accounted
for   in   accordance  with  FAS  115  "Accounting  for   Certain
Investments  in Debt and Equity Securities".  Per  FAS  115,  the
securities  are  stated  at  their  fair  market  value  and  any
difference  between  cost  and market value  is  recorded  as  an
unrealized  gain  or loss classified as a separate  component  of
stockholders' equity - accumulated other comprehensive income.

VALUATION OF NON-CASH ISSUANCES OF COMMON STOCK

     The  Company  issued  common stock in non-cash  transactions
during  the three months ended July 31, 2004.  There is no active
trading  market  for the Company's common stock and  we  analyzed
several  methodologies to determine the value per share  for  the
stock issuance.  As a result of our research, we determined  that
the appropriate methodology was to utilize the net asset value of
the Company immediately preceding the issuance of the shares.

VALUATION ALLOWANCE FOR DEFERRED TAX ASSETS AND LIABILITIES

     In  assessing the recoverability of deferred tax assets  and
liabilities, management considers whether it is more likely  than
not  that  some  portion or all of the deferred  tax  assets  and
liabilities will be realized.



<PAGE>   18


RESULTS OF OPERATIONS

Financial Analysis of the Three Months Ended July 31, 2004 and 2003
-------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                  Three Months Ended
                                                       July 31,
                                                  2004          2003
                                               ----------    ----------
<S>                                            <C>           <C>
Revenues                                       $   60,000    $     -

Operating Expenses
General and administrative                         35,888         2,078
Provision for accounts receivable                  74,301          -
Consulting                                          6,150          -
Compensation                                        1,000          -
Directors fees                                        150          -
Professional                                          500        10,000
                                               ----------    ----------
Total Operating Expenses                          117,989        12,078
                                               ----------    ----------

Income (Loss) from Operations                     (57,989)      (12,078)

Other Income (Expense)
Interest expense                                   (6,302)         (183)
Loss on sale of available for sale securities     (64,748)         -
Other than temporary loss on available
  for sale securities                             (24,000)         -
Interest income                                        40          -
                                               ----------    ----------
Total Other Income (Expense)                      (94,999)         (183)
                                               ----------    ----------

Net loss Before Income Taxes                   $ (152,989)   $  (12,261)
                                               ==========    ==========

Income tax expense                                   -             -
                                               ----------    ----------
Net loss                                       $ (152,989)   $  (12,261)
                                               ==========    ==========

Comprehensive Loss
Unrealized losses on available for sale
  securities                                     (182,758)         -
                                               ----------    ----------
Total Comprehensive Loss                       $ (335,746)   $  (12,261)
                                               ==========    ==========
</TABLE>


Revenues:
--------
     Revenues increased $60,000, or 100% to $60,000 for the three
months  ended July 31, 2004 from zero for the three months  ended
July  31,  2003.   The increase in revenue for the  three  months
ended  July  31,  2004 was due to a consulting  contract  with  a
publicly  held company where we are providing consulting services
and the $60,000 represents the earned revenue from the contract.



<PAGE>   19


Operating Expenses:
------------------
     Operating expenses increased $105,911, or 1,932% to $117,989
for  the  three months ended July 31, 2004 from $12,078  for  the
three months ended July 31, 2003.  The increase was primarily the
result  of  the Company entering the development stage  effective
May  1,  2003  as  compared to being dormant for  the  comparable
period  during the three months ended July 31, 2003 and a $74,301
valuation allowance for accounts receivable to reflect a decrease
in  value  for the underlying securities making up the receivable
balance.

Other Expense:
-------------
     Other  expense increased $94,816, or 3,643% to  $94,999  for
the  three  months ended July 31, 2004 from $183  for  the  three
months  ended  July 31, 2003. The increase is  primarily  from  a
$64,738  loss  on  the sale of available for sale  securities,  a
$24,000  other  than temporary impairment loss for available  for
sale  securities  and  a $6,119 increase in interest  expense  on
debentures.

Comprehensive Loss:
------------------
     Comprehensive loss increased $182,758, or 100%  to  $182,758
for  the three months ended July 31, 2004 from zero for the three
months  ended July 31, 2003.  The increase in comprehensive  loss
for  the three months ended July 31, 2004 was due to the reversal
of  previously  recorded unrealized gains  on  available-for-sale
securities.   $180,000  of the amount was from  the  reversal  of
previously  recorded  unrealized  gains  that  the  Company   has
determined  that  the fair market value decrease  is  other  than
temporary.    The  remaining  $2,758  is  for  the  reversal   of
previously  recorded unrealized gains, net of  unrealized  losses
for  available  for  sale securities that  were  either  sold  or
transferred during the three months ended July 31, 2004.

Liquidity and Capital Resources

     Cash  was  $1,321 at July 31, 2004 as compared to $8,764  at
April 30, 2004, and working capital deficit was $295,965 at  July
31, 2004 as compared to a working capital deficit of $183,720  at
April  30, 2004.  The increase in the working capital deficit  at
July  31, 2004 was primarily the result of the transfer and  sale
of  all available for sale securities that were classified  as  a
current  asset  at  April 30, 2004 and the other  than  temporary
impairment of available for sale securities classified as a  non-
current asset.

Operating Activities:  Net cash used in operating activities  was
--------------------
$21,848  for  the  three months ended July 31, 2004  compared  to
$3,514 for the three months ended July 31, 2003.  The increase in
cash used in operations resulted primarily due to the fact of the
increased  operating  loss and an $60,000  increase  in  contract
based  revenue from a consulting contract, offset  by  a  $64,738
increase  from the loss on sale of available for sale  securities
and  a  $24,000 other than temporary impairment loss on available
for sale securities.

Investing   Activities:    Cash  flows  provided   by   investing
----------------------
activities were $14,405 for the three months ended July 31,  2004
as  compared to zero at July 31, 2003.  The increase was  due  to
proceeds received from the sale of available for sale securities.

Financing  Activities:  There were no cash flows  from  financing
---------------------
activities  for the three months ended July 31, 2004 compared  to



<PAGE>   20


$11,500 of cash flows provided by financing activities during the
three  months  ended July 31, 2003.  This was due to  $11,500  of
cash  proceeds  received  by the Company  from  the  issuance  of
debentures in 2003 as compared to zero in 2004.

SHORT-TERM DEBT

Our short-term debt at July 31, 2004 consisted of the following:

Debentures:
----------

$250,000 Debentures, dated May 2003 through March 2004,
bearing interest at 10% per annum and due in 12 months    $250,000
                                                          ========

     From May 2003 through March of 2004, we received $170,000 of
cash proceeds from the issuance of debentures to several parties.
The  debenture terms are interest at ten percent (10%) per annum,
payable in twelve (12) months from the date of the debenture  and
include a five percent (5%) penalty for any event of default.  As
previously discussed, we anticipate filing to become a BDC in the
near  future.   Upon  SEC  acceptance of our  BDC  election,  the
debenture  holders  may be granted the option of  converting  the
debenture into common stock of the Company at an exchange rate of
twenty-five cents ($0.25) per share.

     We have evaluated the debenture to determine if a beneficial
conversion  feature  exists  in accordance  with  EITF  98-5,  as
amended  by  EITF 00-27.  We have determined that the  debentures
are not a convertible instrument in that the potential conversion
feature outlined in the debentures is not binding.

     In  November  2003,  we  issued  $75,000  of  debentures  in
exchange for 100,000 shares of freely trading common stock  in  a
publicly held company.

     In  January  2004, we issued a $5,000 debenture to  a  third
party  for legal services and accounted for the issuance as legal
expense.

     At July 31, 2004, we had $250,000 of debentures outstanding.
As  of  August  31,  2004,  $37,500 of the  Debentures  discussed
previously  is in default as the term was for one (1)  year.  The
debenture provisions include a penalty of five percent  (5%)  for
any default that occurs and this would total $1,875.  The Company
is  in  discussions  with  the debenture holders  concerning  the
default.

Equity Financing

None

Liquidity

     To   continue  with  our  business  plan,  we  will  require
additional short-term working capital.  We cannot assure you that
that  we  will obtain sufficient proceeds, if any, and borrowings
under  any  interim  financing we are  able  to  secure  will  be
sufficient to meet our projected cash flow needs.



<PAGE>   21


     Our  ability to obtain additional financing depends on  many
factors  beyond our control, including the state of  the  capital
markets, the market price of our common stock, the prospects  for
our business and the approval by our stockholders of an amendment
to  our  certificate of incorporation increasing  the  number  of
shares  of common stock we are authorized to issue. The necessary
additional  financing  may  not be available  to  us  or  may  be
available only on terms that would result in further dilution  to
the  current  owners  of  our common  stock.  Failure  to  obtain
commitments for financing would have a material adverse effect on
our  business, results of operations and financial condition.  If
the financing we require to sustain our working capital needs  is
unavailable  or insufficient or we do not receive  the  necessary
financing, we may be unable to continue as a going concern.

     We  obtained  $170,000  of proceeds  from  the  issuance  of
Debentures  for  the twelve months ended April 30,  2004  and  in
August  and September 2004; we have received another $180,000  of
proceeds  from  the  issuance  of Debentures.   Additionally,  we
determined  that it was necessary to raise additional capital  to
carry out the Company's business plan and the Company anticipates
the  issuance of up to $1,000,000 of the Company's common  stock.
We are planning on obtaining additional cash proceeds in the next
twelve  months  from the issuance of securities to be  determined
and from anticipated returns from being a BDC.

     As a result of the above items, we believe that we will have
sufficient  operating cash to meet are required expenditures  for
the next twelve months.
Contractual Obligations and Commercial Commitments

     The  following  table highlights, as of July 31,  2004,  our
contractual obligations and commitments by type and period:

                             Payments Due by Period
                             ----------------------

<TABLE>
<CAPTION>
                                           Less than                             After
Contractual Obligations          Total     1 year      1-3 years   4-5 years    5 years
-----------------------        --------    ---------   ---------   ---------   ---------
<S>                            <C>         <C>         <C>         <C>         <C>

Short-Term Debt:
---------------
Debentures                     $250,000    $ 250,000   $       -   $       -   $       -
                               --------    ---------   ---------   ---------   ---------
Total Short-Term Debt          $250,000    $ 250,000   $       -   $       -   $       -
                               ========    =========   =========   =========   =========
</TABLE>


     As  of  August 31, 2004, $37,500 of the Debentures discussed
previously  is in default as the term was for one (1)  year.  The
debenture provisions include a penalty of five percent  (5%)  for
any default that occurs and this would total $1,875.  The Company
is  in  discussions  with  the debenture holders  concerning  the
default.

Recent Accounting Developments

     In  January 2003, the FASB issued FASB Interpretation No. 46
(FIN  46),  "Consolidation  of  Variable  Interest  Entities,  an
interpretation of ARB No. 51," which as an interpretation defines
when  and  who  consolidates  a "variable  interest  entity,"  or
"VIE."   This  new  consolidation model applies to  entities  (i)
where  the  equity investors (if any) do not have  a  controlling
financial  interest, or (ii) whose equity investment at  risk  is


<PAGE>   22


insufficient   to   finance  that  entity's  activities   without
receiving  additional subordinated financial support  from  other
parties  and  requires additional disclosures for all enterprises
involved with the VIE.  FIN 46 is effective during 2003 depending
on  when the VIE is created.  We do not believe that the adoption
of  FIN  46  will  have  a significant impact  on  our  financial
position and results of operations.

     In  May  2003,  the FASB issued SFAS No. 149;  Amendment  of
Statement  133  on Derivative Instruments and Hedging  Activities
("SFAS 149") which provides for certain changes in the accounting
treatment  of  derivative contracts.  SFAS 149 is  effective  for
contracts  entered into or modified after June 30,  2003,  except
for certain provisions that relate to SFAS No. 133 Implementation
Issues  that have been effective for fiscal quarters  that  began
prior  to  June 15, 2003, which should continue to be applied  in
accordance  with their respective effective dates.  The  guidance
should  be applied prospectively.  The adoption of SFAS  149  did
not  have  a material impact on the Company's financial position,
results of operations or liquidity.

     In May 2003, the Financial Accounting Standards Board issued
SFAS  No.  150  (SFAS  150), "Accounting  for  Certain  Financial
Instruments with Characteristics of Both Liabilities and Equity."
It  establishes  standards  for  how  an  issuer  classifies  and
measures  certain  financial instruments with characteristics  of
both  liabilities  and  equity. This standard  is  effective  for
financial  instruments  entered into or modified  after  May  31,
2003,  and  otherwise is effective at the beginning of the  first
interim  period beginning after June 15, 2003.  The  adoption  of
FAS  150  did  not  have a significant impact  on  our  financial
position and results of operations.

2004 OUTLOOK
     The  ability to invest further will be heavily dependent  on
securing additional capital from investors or debt. There  is  no
assurance  that  additional  equity or  debt  financing  will  be
available on terms acceptable to Management.

Item 3.     Controls and Procedures.

      As  of  the  end of the period covered by this  report,  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.
Prior to 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


<PAGE>   23


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.  Unregistered Sales of Equity Securities and Use of
         Proceeds

     In  May 2004, we entered into a consulting agreement with  a
third  party  consultant  and authorized  the  issuance  to  that
consultant 120,000 shares of our Common Stock upon the  execution
of  the consulting agreement in exchange for business development
and consulting services. The term of the consulting agreement  is
twenty-four  (24)  months  and the  consultant  will  receive  an
additional 5,000 shares per month, issuable on a quarterly basis,
for a total of 240,000 shares of the Common Stock of the Company.
The  Company relied on Section 4(2), Rule 506 of Regulation D and
Rule  701  of  the Securities Act since the transaction  did  not
involve any public offering

     In  June 2004, we appointed our then President as the  Chief
Executive Officer and the Chairman of the Board, and we appointed
a new President and a director of the Company.  We authorized the
issuance  to the new President one million (1,000,000) shares  of
our  Common  Stock as compensation for serving as our  President,
and  one  hundred fifty thousand (150,000) shares of  our  Common
Stock  as  compensation for serving as a Director.   We  have  no
formal  employment  agreement between the  Company  and  the  new
President and there is no stated term for the new President.  The
Company relied on Section 4(2), Rule 506 of Regulation D and Rule
701  of the Securities Act with respect to the issuance of  these
shares since the transaction did not involve any public offering.

Item 3.  Defaults upon Senior Securities

     At July 31, 2004, we had $250,000 of debentures outstanding.
As  of  August 31, 2004, $37,500 of the Debentures are in default
as  the  term  was  for  one (1) year. The  debenture  provisions
include  a  penalty  of five percent (5%) for  any  default  that
occurs  and  this  would  total  $1,875.   The  Company   is   in
discussions with the debenture holders concerning the default.

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

     Not Applicable

Item 5.  Other Information

     In  July  2004, our Chief Executive Officer and Chairman  of
the  Board  was elected President and a director of  Global  Life
Sciences,  Inc.,  a  publicly  held  company  that  we  have   an


<PAGE>   24


investment in and a consulting agreement with. Additionally,  our
President and a director was also elected Chief Executive Officer
and  a  director of this company, thereby making this investment,
an investment in affiliate commencing July 2004.

     In  September 2004, our Company issued Company Common  Stock
certificates  to  respective shareholders representing  3,330,000
shares of previously authorized but unissued shares of our Common
Stock.


Item 6.  Exhibits

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

(4)
     4.1      Debenture  Agreement.  (Incorporated  by  reference  to
              Company's  Form 10-QSB for the quarterly  period  ended
              July 31, 2003 filed October 4, 2004.)

(10)
     10.1     Consulting Agreement dated May 7, 2004.


(31)
     31.1     Certification of the Chief Executive Officer of Nortia
              Capital Partners, Inc. pursuant to Section 302 of the
              Sarbanes-Oxley Act of 2002.

     31.2     Certification of the Chief Financial Officer of Nortia
              Capital Partners, Inc. pursuant to Section 302 of the
              Sarbanes-Oxley Act of 2002.

(32)
     32.1     Certification of the Chief Executive Officer of Nortia
              Capital Partners, Inc. pursuant to Section 906 of the
              Sarbanes-Oxley Act of 2002.

     32.2     Certification of the Chief Financial Officer of Nortia
              Capital Partners, Inc. pursuant to Section 906 of the
              Sarbanes-Oxley Act of 2002.

(b) Reports on Form 8-K

     Not Applicable



<PAGE>   25


                           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.

NORTIA CAPITAL PARTNERS, INC.


Registrant



By:/s/William Bosso
   -----------------------------------------
   William Bosso, Chief Executive Officer

Dated: October 8, 2004


By:/s/William Boss
   -----------------------------------------
   William Bosso, Chief Executive Officer

Dated: October 8, 2004


By:/s/Matthew T. Henninger
   -----------------------------------------
   Matthew T. Henninger, President


Dated: October 8, 2004


By:/s/Harrysen Mittler
   -----------------------------------------
   Harrysen Mittler, Chief Financial Officer

Dated: October 8, 2004




<PAGE>    26