content: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, DC 20549
                                      FORM 8-K
                                   CURRENT REPORT
       PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  
                                RAYBOR MANAGEMENT INC
               (Exact name of registrant as specified in its charter)
  
             Delaware                                              98-0220848
  (State or other jurisdiction of                               (I.R.S. Employer
  incorporation or organization)                               Identification No.)
  
             9175 Mainwaring Rd. Sidney, British Columbia V8L 1J9 Canada
                 (Address of principal executive offices (zip code))
  
                                    250-656-4490
                (Registrant's telephone number, including area code)
  
  <PAGE>
  
  ITEM 1.  CHANGES IN CONTROL OF REGISTRANT
  -----------------------------------------
  
  Pursuant to the transfer dated August 22, 2002, between Raybor Management Inc. a
  Delaware  corporation,  and Rick  Plotnikoff.  The  transfer  of all  assets and
  control going to Rick  Plotnikoff for  commissions and brokerage fees. This will
  include 100% issued and outstanding Common Stock of Raybor Management Inc.
  
  ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
  -----------------------------------------
  
       (1)  10QSB for the quarterly period ended May 31, 2002
       (2)  10QSB for the quarterly period ended August 31, 2002
  
  
                                     SIGNATURES
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned  hereunto  duly  authorized.  *Print  name and title of the  signing
  officer under his signature.
  
  Oct. 31, 2002                                /s/ Rick Plotnikoff
                                               President
  
  <PAGE>
  
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     FORM 10-QSB
  (Mark One)
  
  [X]                QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934
  
                           For the quarterly period ended
                                    May 31, 2002
  
                                         OR
  
  [ ]                TRANSITION REPORT PURSUANT TO SECTION 13 OR
                    15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                           For the transition period from
                                         to
  
                           Commission file number 000-29905
  
                                RAYBOR MANAGEMENT INC
               (Exact name of registrant as specified in its charter)
  
             Delaware                                              98-0220848
  (State or other jurisdiction of                               (I.R.S. Employer
  incorporation or organization)                               Identification No.)
  
                       128 April Rd., Port Moody, B.C. V3H3M5
                 (Address of principal executive offices (zip code))
  
                                    604/469-8901
                (Registrant's telephone number, including area code)
  
  Indicate by check mark whether the registrant (1) filed all reports  required to
  be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
  the last 12 months (or for such shorter  period that the registrant was required
  to file such reports),  and (2) has been subject to such filing requirements for
  the past 90 days.
  
  Yes  X     No
  
  Indicate the number of shares  outstanding  of each of the  issuer's  classes of
  common equity, as of the latest practicable date.
  
  Class                                   Outstanding at May 31, 2002
  
  Common Stock, par value $0.0001         5,000,000
  
  <PAGE>
  
  PART I -- FINANCIAL INFORMATION
  
       STEPHEN J. BUSH, C.A.
       Chartered Accountant
       Port Moody B.C.
       Canada
  
                             ACCOUNTANT'S REVIEW REPORT
  
  The Board of Directors
  Raybor Management Inc.
  Port Moody B.C.
  
  I have  reviewed the  accompanying  balance sheet of Raybor  Management  Inc. (a
  Development  Stage Company),  as of May 31, 2002, and the related  statements of
  operations,  stockholders' equity, and cash flows for the quarterly period ended
  May 31, 2002. The review was conducted in accordance with Canadian Statements on
  Standards for accounting  standards.and  Review  Services issued by the Canadian
  Institute of Chartered  Accountants.  There are no significant  differences from
  generally accepted accounting  principles in the United States and the rules and
  regulations   promulgated  by  the   Securities   and  Exchange   Commission.All
  information  included in these financial statements is the representation of the
  management of Raybor Management Inc.
  
  A review consists  principally of inquiries of Company  personnel and analytical
  procedures  applied to financial data. It is substantially less in scope than an
  audit in accordance with generally accepted auditing standards, the objective of
  which is the expression of an opinion  regarding the financial  statements taken
  as a whole. Accordingly, I do not express such an opinion.
  
  Based on my review, I am not aware of any material  modifications that should be
  made  to the  accompanying  financial  statements  in  order  for  them to be in
  conformity with generally accepted accounting principles.
  
  The financial  statements  for the period ended March 6, 2000 were audited by me
  and I expressed an unqualified opinion on it in my report dated March 9, 2000. I
  have not performed any auditing procedures since that date.
  
  The  accompanying  financial  statements  have been  prepared  assuming that the
  Company will continue as a development  stage  company.  As discussed in Note 1,
  the Company has been in the  development  stage since its  inception on March 3,
  2000.  The  Company's  ability to commence  operations  is  contingent  upon its
  ability to identify a prospective  target business and raise the capital it will
  require  through  the  issuance  of equity  securities,  debt  securities,  bank
  borrowings or a combination thereof. The financial statements do not include any
  adjustments that might result from the outcome of this uncertainty.
  
       /s/ Stephen J. Bush, C.A.
       Chartered Accountant
       Port Moody,B.C.
       July 5, 2002,
  
  <PAGE>
  
                            ITEM 1. FINANCIAL STATEMENTS
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                                    Balance Sheet
                                    May 31, 2002
                                     (Unaudited)
              (With unaudited figures at Feb. 28, 2002 for comparison)
  
                                       ASSETS
  
                                                       Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  Incorporation Costs                                    $      210    $      210
                                                         ----------    ----------
  
  TOTAL ASSETS                                           $      210    $      210
                                                         ----------    ----------
  
                        LIABILITIES AND STOCKHOLDER'S EQUITY
  
                                                       Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  LIABILITIES
  
     Total liabilities                                   $       --    $       --
                                                         ----------    ----------
  
  STOCKHOLDER'S EQUITY
  
     Common Stock, $.0001 par value, 100 million
      shares authorized, 5,000,000 issued
      and outstanding                                           210           210
     Deficit accumulated during development stage                --            --
                                                         ----------    ----------
  
       Total Stockholder's Equity                               210           210
                                                         ----------    ----------
  
  TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY             $      210    $      210
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  
  <PAGE>
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF OPERATIONS
                                    May 31, 2002
                                     (unauditd)
  
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                       Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  Income                                                 $       --    $       --
  
  Expenses
  
  Organization expense                                           --            --
  
  Total expenses                                                 --            --
                                                         ----------    ----------
  NET LOSS                                               $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  
  <PAGE>
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CHANGES IN
                                STOCKHOLDER'S EQUITY
                                 Ended May 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                           Deficit
                                                          Accumulated
                                              Common     During Devel-
                                              Stock      opment Stage     Total
  
  Common stock issuance                     $      210    $       --    $      210
  
  Net losses: For the period
  ended May 31,2002                                 --            --            --
  
  For the period
  ended May 31, 2002                                --            --            --
  
  BALANCE AT May 31, 2002                   $      210    $       --    $      210
                                            ----------    ----------    ----------
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CASH FLOWS
                                    May 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
  CASH FLOWS FROM                                      Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  OPERATING ACTIVITIES:
  
  Net loss                                               $       --    $       --
  Adjustment to reconcile net loss to net
  cash used by operating activities:
  
  Net cash used in operating activities                          --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM INVESTING ACTIVITIES
  
    Capitalized incorporation costs                              --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM FINANCING ACTIVITIES:
  
     Proceeds from issuance of common stock                      --            --
                                                         ----------    ----------
  
   Net cash provided by financing activities                     --            --
                                                         ----------    ----------
  
  INCREASE(DECREASE) IN CASH
  AND CASH EQUIVALENTS                                   $       --            --
  
  CASH AND CASH EQUIVALENTS
  BEGINNING OF PERIOD                                            --            --
                                                         ----------    ----------
  
  CASH AND CASH EQUIVALENTS
  END OF PERIOD                                          $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  
  <PAGE>
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                 AS OF MAY 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  ---------------------------------------------------
  
  1.   SIGNIFICANT ACCOUNTING POLICIES
  
       A.   Basis of presentation
       --------------------------
  
       The financial  statements  have been prepared in accordance  with generally
       accepted  accounting  principles  in Canada and are reported in US dollars,
       the Company's  functional  currency.  There are no significant  differences
       from generally accepted accounting  principles in the United States and the
       rules  and   regulations   promulgated   by  the  Securities  and  Exchange
       Commission.  Amounts  reported in the  statements of operations and deficit
       and cash flows for the quarterly period ended May 31, 2002.
  
       B.   Organization and Business Operations
       -----------------------------------------
  
       Raybor  Management,  Inc. (a development stage company) ("the Company") was
       incorporated in Delaware on March 3, 2000 to serve as a vehicle to effect a
       merger,  exchange of capital  stock,  asset  acquisition  or other business
       combination with a domestic or foreign private  business.  At May 31, 2002,
       the Company had not yet commenced any formal business  operations,  and all
       activity to date  relates to the  Company's  formation  and  proposed  fund
       raising.
  
       The Company's ability to commence operations is contingent upon its ability
       to identify a  prospective  target  business  and raise the capital it will
       require through the issuance of equity  securities,  debt securities,  bank
       borrowings or a combination thereof.
  
       C.   Use of Estimates
       ---------------------
  
       The  preparation of the financial  statements in conformity  with generally
       accepted  accounting  principles  requires management to make estimates and
       assumptions  that affect the reported amounts of assets and liabilities and
       disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
       financial  statements  and the  reported  amounts of revenues  and expenses
       during  the  reporting  period.  Actual  results  could  differ  from those
       estimates.
  
       D.   Cash and Cash Equivalents
       ------------------------------
  
       For purposes of the  statement  of cash flows,  the Company  considers  all
       highly  liquid  investments  purchased  with an original  maturity of three
       months or less to be cash equivalents.
  
       E.   Income Taxes
       -----------------
  
       The  Company  accounts  for income  taxes  under the  Financial  Accounting
       Standards Board of Financial  Accounting Standards No. 109, "Accounting for
       Income Taxes"  ("Statement  109"). Under Statement 109, deferred tax assets
       and liabilities are
  
  <PAGE>
  
                                         7.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                 AS OF MAY 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
  ------------------------------------------------------------
  
       E.   Income Taxes - Cont'd
       --------------------------
  
       recognized  for the future tax  consequences  attributable  to  differences
       between the financial  statement  carrying  amounts of existing  assets and
       liabilities  and their  respective  tax  basis.  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  Statement  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.  There were no
       current or deferred  income tax expenses or benefits due to the Company not
       having any material operations for the period ended May 31, 2002.
  
       F.   New Accounting Pronouncements
       ----------------------------------
  
       The Financial  Accounting  Standards  Board has recently issued several new
       accounting  pronouncements.  Statement No. 129,  "Disclosure of Information
       about Capital Structure"  establishes standards for disclosing  information
       about an entity's capital structure,  is effective for financial statements
       for periods  ending  after  December  15, 1998 and has been  adopted by the
       Company.  Statement No. 130, "Reporting  Comprehensive  Income" establishes
       standards  for  reporting  and  display  of  comprehensive  income  and its
       components,  and is effective for fiscal years beginning after December 15,
       1997.  Statement No. 131,  "Disclosures about Segments of an Enterprise and
       Related Information" establishes standards for the way that public business
       enterprises report information about operating segments in annual financial
       statements and requires that those enterprises report selected  information
       about   operating   segments  in  interim   financial   reports  issued  to
       shareholders.  It also establishes  standards for related disclosures about
       products  and  services,  geographic  areas,  and major  customers,  and is
       effective for financial statements for periods beginning after December 15,
       1997. The Company believes that its adoption of Statements 130 and 131 will
       not have a material effect on the Company's  financial  position or results
       of operations.
  
  <PAGE>
  
                                         8.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                 AS OF MAY 31, 2002
                                 ------------------
  
  NOTE 2 - STOCKHOLDER'S EQUITY
  -----------------------------
  
       A.   Common Stock
       -----------------
  
       The Company is  authorized to issue  100,000,000  shares of common stock at
       $.0001 par value.  The Company issued  5,000,000  shares to Gerald Ghini, a
       director  of  the   Company,   pursuant  to  Rule  506  for  an   aggregate
       consideration of $210.
  
       B.   STOCKHOLDER'S EQUITY cont.
       -------------------------------
  
       At inception the Company  issued  5,000,000  shares of its $.0001 par value
       common stock to an officer as reimbursement  of organization  costs paid by
       the officer. Fair value used for this transaction of $210 is based upon the
       actual cost of incorporation.
  
  NOTE 3 - RELATED PARTIES
  ------------------------
  
       Legal counsel to the Company is a Director of the Company .
  
       The Company has entered into an agreement with Gerald Ghini for services in
       exchange for shares of the Company's common stock. Other than incorporation
       services  there have been no services  provided by Gerald Ghini through the
       date of this report. When services are provided, the Company will value the
       stock  at the  fair  market  value  of the  shares  or at the  value of the
       services provided, whichever is more readily determinable.
  
                                     SIGNATURES
  
       Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
       registrant  has duly  caused  this report to be signed on its behalf by the
       undersigned thereunto duly authorized.
  
                                          RAYBOR MANAGEMENT INC
  
  
                                          By: /s/ Gerald Ghini
                                              Gerald Ghini, President
  
                                          Dated: July 5, 2002.
  
  <PAGE>
  
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     FORM 10-QSB
  (Mark One)
  
  [X]                QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934
  
                           For the quarterly period ended
                                   August 31, 2002
  
                                         OR
  
  [ ]                TRANSITION REPORT PURSUANT TO SECTION 13 OR
                    15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                           For the transition period from
                                         to
  
                           Commission file number 000-29905
  
                                RAYBOR MANAGEMENT INC
               (Exact name of registrant as specified in its charter)
  
             Delaware                                              98-0220848
  (State or other jurisdiction of                               (I.R.S. Employer
  incorporation or organization)                               Identification No.)
  
             9175 Mainwaring Rd. Sidney, British Columbia V8L 1J9 Canada
                 (Address of principal executive offices (zip code))
  
                                    250-656-4490
                (Registrant's telephone number, including area code)
  
  Indicate by check mark whether the registrant (1) filed all reports  required to
  be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
  the last 12 months (or for such shorter  period that the registrant was required
  to file such reports),  and (2) has been subject to such filing requirements for
  the past 90 days.
  
  Yes  X     No
  
  Indicate the number of shares  outstanding  of each of the  issuer's  classes of
  common equity, as of the latest practicable date.
  
  Class                                   Outstanding at October 15, 2002
  
  Common Stock, par value $0.0001         5,000,000
  
  <PAGE>
  
                            ITEM 1. FINANCIAL STATEMENTS
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                                    Balance Sheet
                                   August 31, 2002
                                     (Unaudited)
              (With unaudited figures at Feb. 28, 2002 for comparison)
  
                                       ASSETS
  
                                                       Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  Incorporation Costs                                    $      210    $      210
                                                         ----------    ----------
  
  TOTAL ASSETS                                           $      210    $      210
                                                         ----------    ----------
  
                        LIABILITIES AND STOCKHOLDER'S EQUITY
  
                                                       Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  LIABILITIES
  
     Total liabilities                                   $       --    $       --
                                                         ----------    ----------
  
  STOCKHOLDER'S EQUITY
  
     Common Stock, $.0001 par value, 100 million
      shares authorized, 5,000,000 issued
      and outstanding                                           210           210
     Deficit accumulated during development stage                --            --
                                                         ----------    ----------
  
       Total Stockholder's Equity                               210           210
                                                         ----------    ----------
  
  TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY             $      210    $      210
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  
  <PAGE>
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF OPERATIONS
                                   August 31, 2002
                                     (unauditd)
  
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                       Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  Income                                                 $       --    $       --
  
  Expenses
  
  Organization expense                                           --            --
  
  Total expenses                                                 --            --
                                                         ----------    ----------
  NET LOSS                                               $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  
  <PAGE>
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CHANGES IN
                                STOCKHOLDER'S EQUITY
                                Ended August 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                           Deficit
                                                          Accumulated
                                              Common     During Devel-
                                              Stock      opment Stage     Total
  
  Common stock issuance                     $      210    $       --    $      210
  
  Net losses: For the period
  ended Aug 31, 2002                                --            --            --
  
  For the period
  ended Aug 31, 2002                                --            --            --
  
  BALANCE AT Aug 31, 2002                   $      210    $       --    $      210
                                            ----------    ----------    ----------
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CASH FLOWS
                                   August 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
  CASH FLOWS FROM                                      Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  OPERATING ACTIVITIES:
  
  Net loss                                               $       --    $       --
  Adjustment to reconcile net loss to net
  cash used by operating activities:
  
  Net cash used in operating activities                          --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM INVESTING ACTIVITIES
  
    Capitalized incorporation costs                              --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM FINANCING ACTIVITIES:
  
     Proceeds from issuance of common stock                      --            --
                                                         ----------    ----------
  
   Net cash provided by financing activities                     --            --
                                                         ----------    ----------
  
  INCREASE(DECREASE) IN CASH
  AND CASH EQUIVALENTS                                   $       --            --
  
  CASH AND CASH EQUIVALENTS
  BEGINNING OF PERIOD                                            --            --
                                                         ----------    ----------
  
  CASH AND CASH EQUIVALENTS
  END OF PERIOD                                          $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  
  <PAGE>
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                AS OF AUGUST 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  ---------------------------------------------------
  
  1.   SIGNIFICANT ACCOUNTING POLICIES
  
       A.   Basis of presentation
       --------------------------
  
       The financial  statements  have been prepared in accordance  with generally
       accepted  accounting  principles  in Canada and are reported in US dollars,
       the Company's  functional  currency.  There are no significant  differences
       from generally accepted accounting  principles in the United States and the
       rules  and   regulations   promulgated   by  the  Securities  and  Exchange
       Commission.  Amounts  reported in the  statements of operations and deficit
       and cash flows for the quarterly period ended August 31, 2002.
  
       B.   Organization and Business Operations
       -----------------------------------------
  
       Raybor  Management,  Inc. (a development stage company) ("the Company") was
       incorporated in Delaware on March 3, 2000 to serve as a vehicle to effect a
       merger,  exchange of capital  stock,  asset  acquisition  or other business
       combination  with a domestic  or foreign  private  business.  At August 31,
       2002, the Company had not yet commenced any formal business operations, and
       all activity to date relates to the  Company's  formation and proposed fund
       raising.
  
       The Company's ability to commence operations is contingent upon its ability
       to identify a  prospective  target  business  and raise the capital it will
       require through the issuance of equity  securities,  debt securities,  bank
       borrowings or a combination thereof.
  
       C.   Use of Estimates
       ---------------------
  
       The  preparation of the financial  statements in conformity  with generally
       accepted  accounting  principles  requires management to make estimates and
       assumptions  that affect the reported amounts of assets and liabilities and
       disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
       financial  statements  and the  reported  amounts of revenues  and expenses
       during  the  reporting  period.  Actual  results  could  differ  from those
       estimates.
  
       D.   Cash and Cash Equivalents
       ------------------------------
  
       For purposes of the  statement  of cash flows,  the Company  considers  all
       highly  liquid  investments  purchased  with an original  maturity of three
       months or less to be cash equivalents.
  
       E.   Income Taxes
       -----------------
  
       The  Company  accounts  for income  taxes  under the  Financial  Accounting
       Standards Board of Financial  Accounting Standards No. 109, "Accounting for
       Income Taxes"  ("Statement  109"). Under Statement 109, deferred tax assets
       and liabilities are
  
  <PAGE>
  
                                         7.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                AS OF AUGUST 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
  ------------------------------------------------------------
  
       E.   Income Taxes - Cont'd
       --------------------------
  
       recognized  for the future tax  consequences  attributable  to  differences
       between the financial  statement  carrying  amounts of existing  assets and
       liabilities  and their  respective  tax  basis.  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  Statement  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.  There were no
       current or deferred  income tax expenses or benefits due to the Company not
       having any material operations for the period ended August 31, 2002.
  
       F.   New Accounting Pronouncements
       ----------------------------------
  
       The Financial  Accounting  Standards  Board has recently issued several new
       accounting  pronouncements.  Statement No. 129,  "Disclosure of Information
       about Capital Structure"  establishes standards for disclosing  information
       about an entity's capital structure,  is effective for financial statements
       for periods  ending  after  December  15, 1998 and has been  adopted by the
       Company.  Statement No. 130, "Reporting  Comprehensive  Income" establishes
       standards  for  reporting  and  display  of  comprehensive  income  and its
       components,  and is effective for fiscal years beginning after December 15,
       1997.  Statement No. 131,  "Disclosures about Segments of an Enterprise and
       Related Information" establishes standards for the way that public business
       enterprises report information about operating segments in annual financial
       statements and requires that those enterprises report selected  information
       about   operating   segments  in  interim   financial   reports  issued  to
       shareholders.  It also establishes  standards for related disclosures about
       products  and  services,  geographic  areas,  and major  customers,  and is
       effective for financial statements for periods beginning after December 15,
       1997. The Company believes that its adoption of Statements 130 and 131 will
       not have a material effect on the Company's  financial  position or results
       of operations.
  
  <PAGE>
  
                                         8.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                AS OF AUGUST 31, 2002
                                 ------------------
  
  NOTE 2 - STOCKHOLDER'S EQUITY
  -----------------------------
  
       A.   Common Stock
       -----------------
  
       The Company is  authorized to issue  100,000,000  shares of common stock at
       $.0001 par value. The Company issued 5,000,000 shares to Rick Plotnikoff, a
       director  of  the   Company,   pursuant  to  Rule  506  for  an   aggregate
       consideration of $210.
  
       B.   STOCKHOLDER'S EQUITY cont.
       -------------------------------
  
       At inception the Company  issued  5,000,000  shares of its $.0001 par value
       common stock to an officer as reimbursement  of organization  costs paid by
       the officer. Fair value used for this transaction of $210 is based upon the
       actual cost of incorporation.
  
  NOTE 3 - RELATED PARTIES
  ------------------------
  
       Legal counsel to the Company is a Director of the Company .
  
       The Company has entered into an agreement with Rick Plotnikoff for services
       in  exchange  for  shares  of  the  Company's  common  stock.   Other  than
       incorporation  services  there  have  been  no  services  provided  by Rick
       Plotnikoff through the date of this report. When services are provided, the
       Company  will value the stock at the fair market  value of the shares or at
       the value of the services provided, whichever is more readily determinable.
  
                                     SIGNATURES
  
       Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
       registrant  has duly  caused  this report to be signed on its behalf by the
       undersigned thereunto duly authorized.
  
                                          RAYBOR MANAGEMENT INC
  
  
                                          By: /s/ Rick Plotnikoff
                                              --------------------------
                                              Rick Plotnikoff, President
  
                                          Dated: October 15, 2002.
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "x8k-1002.txt", "description": "RAYBOR MANAGEMENT INC.", "secsgml_size_bytes": 37042}]
metadata_filer: {"company-data": {"conformed-name": "RAYBOR MANAGEMENT INC", "cik": "0001108732", "assigned-sic": "9995", "state-of-incorporation": "A1", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29905", "film-number": "02806777"}, "business-address": {"street1": "128 APRIL ROAD", "city": "PORT MOODY BC CANADA", "state": "A1", "zip": "00000", "phone": "6044698901"}, "mail-address": {"street1": "128 APRIL ROAD", "city": "PORT MOODY BC CANADA", "state": "A1", "zip": "00000"}}
text: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, DC 20549
                                      FORM 8-K
                                   CURRENT REPORT
       PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  
                                RAYBOR MANAGEMENT INC
               (Exact name of registrant as specified in its charter)
  
             Delaware                                              98-0220848
  (State or other jurisdiction of                               (I.R.S. Employer
  incorporation or organization)                               Identification No.)
  
             9175 Mainwaring Rd. Sidney, British Columbia V8L 1J9 Canada
                 (Address of principal executive offices (zip code))
  
                                    250-656-4490
                (Registrant's telephone number, including area code)
  ITEM 1.  CHANGES IN CONTROL OF REGISTRANT
  -----------------------------------------
  
  Pursuant to the transfer dated August 22, 2002, between Raybor Management Inc. a
  Delaware  corporation,  and Rick  Plotnikoff.  The  transfer  of all  assets and
  control going to Rick  Plotnikoff for  commissions and brokerage fees. This will
  include 100% issued and outstanding Common Stock of Raybor Management Inc.
  
  ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
  -----------------------------------------
  
       (1)  10QSB for the quarterly period ended May 31, 2002
       (2)  10QSB for the quarterly period ended August 31, 2002
  
                                     SIGNATURES
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned  hereunto  duly  authorized.  *Print  name and title of the  signing
  officer under his signature.
  
  Oct. 31, 2002                                /s/ Rick Plotnikoff
                                               President
  SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     FORM 10-QSB
  (Mark One)
  
  [X]                QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934
  
                           For the quarterly period ended
                                    May 31, 2002
  
                                         OR
  
  [ ]                TRANSITION REPORT PURSUANT TO SECTION 13 OR
                    15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                           For the transition period from
                                         to
  
                           Commission file number 000-29905
  
                                RAYBOR MANAGEMENT INC
               (Exact name of registrant as specified in its charter)
  
             Delaware                                              98-0220848
  (State or other jurisdiction of                               (I.R.S. Employer
  incorporation or organization)                               Identification No.)
  
                       128 April Rd., Port Moody, B.C. V3H3M5
                 (Address of principal executive offices (zip code))
  
                                    604/469-8901
                (Registrant's telephone number, including area code)
  
  Indicate by check mark whether the registrant (1) filed all reports  required to
  be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
  the last 12 months (or for such shorter  period that the registrant was required
  to file such reports),  and (2) has been subject to such filing requirements for
  the past 90 days.
  
  Yes  X     No
  
  Indicate the number of shares  outstanding  of each of the  issuer's  classes of
  common equity, as of the latest practicable date.
  
  Class                                   Outstanding at May 31, 2002
  
  Common Stock, par value $0.0001         5,000,000
  PART I -- FINANCIAL INFORMATION
  
       STEPHEN J. BUSH, C.A.
       Chartered Accountant
       Port Moody B.C.
       Canada
  
                             ACCOUNTANT'S REVIEW REPORT
  
  The Board of Directors
  Raybor Management Inc.
  Port Moody B.C.
  
  I have  reviewed the  accompanying  balance sheet of Raybor  Management  Inc. (a
  Development  Stage Company),  as of May 31, 2002, and the related  statements of
  operations,  stockholders' equity, and cash flows for the quarterly period ended
  May 31, 2002. The review was conducted in accordance with Canadian Statements on
  Standards for accounting  standards.and  Review  Services issued by the Canadian
  Institute of Chartered  Accountants.  There are no significant  differences from
  generally accepted accounting  principles in the United States and the rules and
  regulations   promulgated  by  the   Securities   and  Exchange   Commission.All
  information  included in these financial statements is the representation of the
  management of Raybor Management Inc.
  
  A review consists  principally of inquiries of Company  personnel and analytical
  procedures  applied to financial data. It is substantially less in scope than an
  audit in accordance with generally accepted auditing standards, the objective of
  which is the expression of an opinion  regarding the financial  statements taken
  as a whole. Accordingly, I do not express such an opinion.
  
  Based on my review, I am not aware of any material  modifications that should be
  made  to the  accompanying  financial  statements  in  order  for  them to be in
  conformity with generally accepted accounting principles.
  
  The financial  statements  for the period ended March 6, 2000 were audited by me
  and I expressed an unqualified opinion on it in my report dated March 9, 2000. I
  have not performed any auditing procedures since that date.
  
  The  accompanying  financial  statements  have been  prepared  assuming that the
  Company will continue as a development  stage  company.  As discussed in Note 1,
  the Company has been in the  development  stage since its  inception on March 3,
  2000.  The  Company's  ability to commence  operations  is  contingent  upon its
  ability to identify a prospective  target business and raise the capital it will
  require  through  the  issuance  of equity  securities,  debt  securities,  bank
  borrowings or a combination thereof. The financial statements do not include any
  adjustments that might result from the outcome of this uncertainty.
  
       /s/ Stephen J. Bush, C.A.
       Chartered Accountant
       Port Moody,B.C.
       July 5, 2002,
  ITEM 1. FINANCIAL STATEMENTS
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                                    Balance Sheet
                                    May 31, 2002
                                     (Unaudited)
              (With unaudited figures at Feb. 28, 2002 for comparison)
  
                                       ASSETS
  
                                                       Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  Incorporation Costs                                    $      210    $      210
                                                         ----------    ----------
  
  TOTAL ASSETS                                           $      210    $      210
                                                         ----------    ----------
  
                        LIABILITIES AND STOCKHOLDER'S EQUITY
  
                                                       Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  LIABILITIES
  
     Total liabilities                                   $       --    $       --
                                                         ----------    ----------
  
  STOCKHOLDER'S EQUITY
  
     Common Stock, $.0001 par value, 100 million
      shares authorized, 5,000,000 issued
      and outstanding                                           210           210
     Deficit accumulated during development stage                --            --
                                                         ----------    ----------
  
       Total Stockholder's Equity                               210           210
                                                         ----------    ----------
  
  TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY             $      210    $      210
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF OPERATIONS
                                    May 31, 2002
                                     (unauditd)
  
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                       Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  Income                                                 $       --    $       --
  
  Expenses
  
  Organization expense                                           --            --
  
  Total expenses                                                 --            --
                                                         ----------    ----------
  NET LOSS                                               $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CHANGES IN
                                STOCKHOLDER'S EQUITY
                                 Ended May 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                           Deficit
                                                          Accumulated
                                              Common     During Devel-
                                              Stock      opment Stage     Total
  
  Common stock issuance                     $      210    $       --    $      210
  
  Net losses: For the period
  ended May 31,2002                                 --            --            --
  
  For the period
  ended May 31, 2002                                --            --            --
  
  BALANCE AT May 31, 2002                   $      210    $       --    $      210
                                            ----------    ----------    ----------
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CASH FLOWS
                                    May 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
  CASH FLOWS FROM                                      Feb. 28, 2002  May 31, 2002
                                                       -------------  ------------
  
  OPERATING ACTIVITIES:
  
  Net loss                                               $       --    $       --
  Adjustment to reconcile net loss to net
  cash used by operating activities:
  
  Net cash used in operating activities                          --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM INVESTING ACTIVITIES
  
    Capitalized incorporation costs                              --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM FINANCING ACTIVITIES:
  
     Proceeds from issuance of common stock                      --            --
                                                         ----------    ----------
  
   Net cash provided by financing activities                     --            --
                                                         ----------    ----------
  
  INCREASE(DECREASE) IN CASH
  AND CASH EQUIVALENTS                                   $       --            --
  
  CASH AND CASH EQUIVALENTS
  BEGINNING OF PERIOD                                            --            --
                                                         ----------    ----------
  
  CASH AND CASH EQUIVALENTS
  END OF PERIOD                                          $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                 AS OF MAY 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  ---------------------------------------------------
  
  1.   SIGNIFICANT ACCOUNTING POLICIES
  
       A.   Basis of presentation
       --------------------------
  
       The financial  statements  have been prepared in accordance  with generally
       accepted  accounting  principles  in Canada and are reported in US dollars,
       the Company's  functional  currency.  There are no significant  differences
       from generally accepted accounting  principles in the United States and the
       rules  and   regulations   promulgated   by  the  Securities  and  Exchange
       Commission.  Amounts  reported in the  statements of operations and deficit
       and cash flows for the quarterly period ended May 31, 2002.
  
       B.   Organization and Business Operations
       -----------------------------------------
  
       Raybor  Management,  Inc. (a development stage company) ("the Company") was
       incorporated in Delaware on March 3, 2000 to serve as a vehicle to effect a
       merger,  exchange of capital  stock,  asset  acquisition  or other business
       combination with a domestic or foreign private  business.  At May 31, 2002,
       the Company had not yet commenced any formal business  operations,  and all
       activity to date  relates to the  Company's  formation  and  proposed  fund
       raising.
  
       The Company's ability to commence operations is contingent upon its ability
       to identify a  prospective  target  business  and raise the capital it will
       require through the issuance of equity  securities,  debt securities,  bank
       borrowings or a combination thereof.
  
       C.   Use of Estimates
       ---------------------
  
       The  preparation of the financial  statements in conformity  with generally
       accepted  accounting  principles  requires management to make estimates and
       assumptions  that affect the reported amounts of assets and liabilities and
       disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
       financial  statements  and the  reported  amounts of revenues  and expenses
       during  the  reporting  period.  Actual  results  could  differ  from those
       estimates.
  
       D.   Cash and Cash Equivalents
       ------------------------------
  
       For purposes of the  statement  of cash flows,  the Company  considers  all
       highly  liquid  investments  purchased  with an original  maturity of three
       months or less to be cash equivalents.
  
       E.   Income Taxes
       -----------------
  
       The  Company  accounts  for income  taxes  under the  Financial  Accounting
       Standards Board of Financial  Accounting Standards No. 109, "Accounting for
       Income Taxes"  ("Statement  109"). Under Statement 109, deferred tax assets
       and liabilities are
  7.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                 AS OF MAY 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
  ------------------------------------------------------------
  
       E.   Income Taxes - Cont'd
       --------------------------
  
       recognized  for the future tax  consequences  attributable  to  differences
       between the financial  statement  carrying  amounts of existing  assets and
       liabilities  and their  respective  tax  basis.  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  Statement  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.  There were no
       current or deferred  income tax expenses or benefits due to the Company not
       having any material operations for the period ended May 31, 2002.
  
       F.   New Accounting Pronouncements
       ----------------------------------
  
       The Financial  Accounting  Standards  Board has recently issued several new
       accounting  pronouncements.  Statement No. 129,  "Disclosure of Information
       about Capital Structure"  establishes standards for disclosing  information
       about an entity's capital structure,  is effective for financial statements
       for periods  ending  after  December  15, 1998 and has been  adopted by the
       Company.  Statement No. 130, "Reporting  Comprehensive  Income" establishes
       standards  for  reporting  and  display  of  comprehensive  income  and its
       components,  and is effective for fiscal years beginning after December 15,
       1997.  Statement No. 131,  "Disclosures about Segments of an Enterprise and
       Related Information" establishes standards for the way that public business
       enterprises report information about operating segments in annual financial
       statements and requires that those enterprises report selected  information
       about   operating   segments  in  interim   financial   reports  issued  to
       shareholders.  It also establishes  standards for related disclosures about
       products  and  services,  geographic  areas,  and major  customers,  and is
       effective for financial statements for periods beginning after December 15,
       1997. The Company believes that its adoption of Statements 130 and 131 will
       not have a material effect on the Company's  financial  position or results
       of operations.
  8.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                 AS OF MAY 31, 2002
                                 ------------------
  
  NOTE 2 - STOCKHOLDER'S EQUITY
  -----------------------------
  
       A.   Common Stock
       -----------------
  
       The Company is  authorized to issue  100,000,000  shares of common stock at
       $.0001 par value.  The Company issued  5,000,000  shares to Gerald Ghini, a
       director  of  the   Company,   pursuant  to  Rule  506  for  an   aggregate
       consideration of $210.
  
       B.   STOCKHOLDER'S EQUITY cont.
       -------------------------------
  
       At inception the Company  issued  5,000,000  shares of its $.0001 par value
       common stock to an officer as reimbursement  of organization  costs paid by
       the officer. Fair value used for this transaction of $210 is based upon the
       actual cost of incorporation.
  
  NOTE 3 - RELATED PARTIES
  ------------------------
  
       Legal counsel to the Company is a Director of the Company .
  
       The Company has entered into an agreement with Gerald Ghini for services in
       exchange for shares of the Company's common stock. Other than incorporation
       services  there have been no services  provided by Gerald Ghini through the
       date of this report. When services are provided, the Company will value the
       stock  at the  fair  market  value  of the  shares  or at the  value of the
       services provided, whichever is more readily determinable.
  
                                     SIGNATURES
  
       Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
       registrant  has duly  caused  this report to be signed on its behalf by the
       undersigned thereunto duly authorized.
  
                                          RAYBOR MANAGEMENT INC
  
                                          By: /s/ Gerald Ghini
                                              Gerald Ghini, President
  
                                          Dated: July 5, 2002.
  SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     FORM 10-QSB
  (Mark One)
  
  [X]                QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934
  
                           For the quarterly period ended
                                   August 31, 2002
  
                                         OR
  
  [ ]                TRANSITION REPORT PURSUANT TO SECTION 13 OR
                    15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                           For the transition period from
                                         to
  
                           Commission file number 000-29905
  
                                RAYBOR MANAGEMENT INC
               (Exact name of registrant as specified in its charter)
  
             Delaware                                              98-0220848
  (State or other jurisdiction of                               (I.R.S. Employer
  incorporation or organization)                               Identification No.)
  
             9175 Mainwaring Rd. Sidney, British Columbia V8L 1J9 Canada
                 (Address of principal executive offices (zip code))
  
                                    250-656-4490
                (Registrant's telephone number, including area code)
  
  Indicate by check mark whether the registrant (1) filed all reports  required to
  be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
  the last 12 months (or for such shorter  period that the registrant was required
  to file such reports),  and (2) has been subject to such filing requirements for
  the past 90 days.
  
  Yes  X     No
  
  Indicate the number of shares  outstanding  of each of the  issuer's  classes of
  common equity, as of the latest practicable date.
  
  Class                                   Outstanding at October 15, 2002
  
  Common Stock, par value $0.0001         5,000,000
  ITEM 1. FINANCIAL STATEMENTS
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                                    Balance Sheet
                                   August 31, 2002
                                     (Unaudited)
              (With unaudited figures at Feb. 28, 2002 for comparison)
  
                                       ASSETS
  
                                                       Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  Incorporation Costs                                    $      210    $      210
                                                         ----------    ----------
  
  TOTAL ASSETS                                           $      210    $      210
                                                         ----------    ----------
  
                        LIABILITIES AND STOCKHOLDER'S EQUITY
  
                                                       Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  LIABILITIES
  
     Total liabilities                                   $       --    $       --
                                                         ----------    ----------
  
  STOCKHOLDER'S EQUITY
  
     Common Stock, $.0001 par value, 100 million
      shares authorized, 5,000,000 issued
      and outstanding                                           210           210
     Deficit accumulated during development stage                --            --
                                                         ----------    ----------
  
       Total Stockholder's Equity                               210           210
                                                         ----------    ----------
  
  TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY             $      210    $      210
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF OPERATIONS
                                   August 31, 2002
                                     (unauditd)
  
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                       Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  Income                                                 $       --    $       --
  
  Expenses
  
  Organization expense                                           --            --
  
  Total expenses                                                 --            --
                                                         ----------    ----------
  NET LOSS                                               $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CHANGES IN
                                STOCKHOLDER'S EQUITY
                                Ended August 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
                                                           Deficit
                                                          Accumulated
                                              Common     During Devel-
                                              Stock      opment Stage     Total
  
  Common stock issuance                     $      210    $       --    $      210
  
  Net losses: For the period
  ended Aug 31, 2002                                --            --            --
  
  For the period
  ended Aug 31, 2002                                --            --            --
  
  BALANCE AT Aug 31, 2002                   $      210    $       --    $      210
                                            ----------    ----------    ----------
  
                                RAYBOR MANAGEMENT INC
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CASH FLOWS
                                   August 31, 2002
                                     (unaudited)
                (With audited figures at Feb. 28,2002 for comparison)
  
  CASH FLOWS FROM                                      Feb. 28, 2002  Aug 31, 2002
                                                       -------------  ------------
  
  OPERATING ACTIVITIES:
  
  Net loss                                               $       --    $       --
  Adjustment to reconcile net loss to net
  cash used by operating activities:
  
  Net cash used in operating activities                          --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM INVESTING ACTIVITIES
  
    Capitalized incorporation costs                              --            --
                                                         ----------    ----------
  
  CASH FLOWS FROM FINANCING ACTIVITIES:
  
     Proceeds from issuance of common stock                      --            --
                                                         ----------    ----------
  
   Net cash provided by financing activities                     --            --
                                                         ----------    ----------
  
  INCREASE(DECREASE) IN CASH
  AND CASH EQUIVALENTS                                   $       --            --
  
  CASH AND CASH EQUIVALENTS
  BEGINNING OF PERIOD                                            --            --
                                                         ----------    ----------
  
  CASH AND CASH EQUIVALENTS
  END OF PERIOD                                          $       --    $       --
                                                         ----------    ----------
  
                   See accompanying notes to financial statements.
  RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                AS OF AUGUST 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  ---------------------------------------------------
  
  1.   SIGNIFICANT ACCOUNTING POLICIES
  
       A.   Basis of presentation
       --------------------------
  
       The financial  statements  have been prepared in accordance  with generally
       accepted  accounting  principles  in Canada and are reported in US dollars,
       the Company's  functional  currency.  There are no significant  differences
       from generally accepted accounting  principles in the United States and the
       rules  and   regulations   promulgated   by  the  Securities  and  Exchange
       Commission.  Amounts  reported in the  statements of operations and deficit
       and cash flows for the quarterly period ended August 31, 2002.
  
       B.   Organization and Business Operations
       -----------------------------------------
  
       Raybor  Management,  Inc. (a development stage company) ("the Company") was
       incorporated in Delaware on March 3, 2000 to serve as a vehicle to effect a
       merger,  exchange of capital  stock,  asset  acquisition  or other business
       combination  with a domestic  or foreign  private  business.  At August 31,
       2002, the Company had not yet commenced any formal business operations, and
       all activity to date relates to the  Company's  formation and proposed fund
       raising.
  
       The Company's ability to commence operations is contingent upon its ability
       to identify a  prospective  target  business  and raise the capital it will
       require through the issuance of equity  securities,  debt securities,  bank
       borrowings or a combination thereof.
  
       C.   Use of Estimates
       ---------------------
  
       The  preparation of the financial  statements in conformity  with generally
       accepted  accounting  principles  requires management to make estimates and
       assumptions  that affect the reported amounts of assets and liabilities and
       disclosure  of  contingent  assets  and  liabilities  at  the  date  of the
       financial  statements  and the  reported  amounts of revenues  and expenses
       during  the  reporting  period.  Actual  results  could  differ  from those
       estimates.
  
       D.   Cash and Cash Equivalents
       ------------------------------
  
       For purposes of the  statement  of cash flows,  the Company  considers  all
       highly  liquid  investments  purchased  with an original  maturity of three
       months or less to be cash equivalents.
  
       E.   Income Taxes
       -----------------
  
       The  Company  accounts  for income  taxes  under the  Financial  Accounting
       Standards Board of Financial  Accounting Standards No. 109, "Accounting for
       Income Taxes"  ("Statement  109"). Under Statement 109, deferred tax assets
       and liabilities are
  7.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                AS OF AUGUST 31, 2002
                                 ------------------
  
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
  ------------------------------------------------------------
  
       E.   Income Taxes - Cont'd
       --------------------------
  
       recognized  for the future tax  consequences  attributable  to  differences
       between the financial  statement  carrying  amounts of existing  assets and
       liabilities  and their  respective  tax  basis.  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  Statement  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.  There were no
       current or deferred  income tax expenses or benefits due to the Company not
       having any material operations for the period ended August 31, 2002.
  
       F.   New Accounting Pronouncements
       ----------------------------------
  
       The Financial  Accounting  Standards  Board has recently issued several new
       accounting  pronouncements.  Statement No. 129,  "Disclosure of Information
       about Capital Structure"  establishes standards for disclosing  information
       about an entity's capital structure,  is effective for financial statements
       for periods  ending  after  December  15, 1998 and has been  adopted by the
       Company.  Statement No. 130, "Reporting  Comprehensive  Income" establishes
       standards  for  reporting  and  display  of  comprehensive  income  and its
       components,  and is effective for fiscal years beginning after December 15,
       1997.  Statement No. 131,  "Disclosures about Segments of an Enterprise and
       Related Information" establishes standards for the way that public business
       enterprises report information about operating segments in annual financial
       statements and requires that those enterprises report selected  information
       about   operating   segments  in  interim   financial   reports  issued  to
       shareholders.  It also establishes  standards for related disclosures about
       products  and  services,  geographic  areas,  and major  customers,  and is
       effective for financial statements for periods beginning after December 15,
       1997. The Company believes that its adoption of Statements 130 and 131 will
       not have a material effect on the Company's  financial  position or results
       of operations.
  8.
  
                               RAYBOR MANAGEMENT, INC.
                            (A DEVELOPMENT STAGE COMPANY)
                            NOTES TO FINANCIAL STATEMENTS
                                AS OF AUGUST 31, 2002
                                 ------------------
  
  NOTE 2 - STOCKHOLDER'S EQUITY
  -----------------------------
  
       A.   Common Stock
       -----------------
  
       The Company is  authorized to issue  100,000,000  shares of common stock at
       $.0001 par value. The Company issued 5,000,000 shares to Rick Plotnikoff, a
       director  of  the   Company,   pursuant  to  Rule  506  for  an   aggregate
       consideration of $210.
  
       B.   STOCKHOLDER'S EQUITY cont.
       -------------------------------
  
       At inception the Company  issued  5,000,000  shares of its $.0001 par value
       common stock to an officer as reimbursement  of organization  costs paid by
       the officer. Fair value used for this transaction of $210 is based upon the
       actual cost of incorporation.
  
  NOTE 3 - RELATED PARTIES
  ------------------------
  
       Legal counsel to the Company is a Director of the Company .
  
       The Company has entered into an agreement with Rick Plotnikoff for services
       in  exchange  for  shares  of  the  Company's  common  stock.   Other  than
       incorporation  services  there  have  been  no  services  provided  by Rick
       Plotnikoff through the date of this report. When services are provided, the
       Company  will value the stock at the fair market  value of the shares or at
       the value of the services provided, whichever is more readily determinable.
  
                                     SIGNATURES
  
       Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
       registrant  has duly  caused  this report to be signed on its behalf by the
       undersigned thereunto duly authorized.
  
                                          RAYBOR MANAGEMENT INC
  
                                          By: /s/ Rick Plotnikoff
                                              --------------------------
                                              Rick Plotnikoff, President
  
                                          Dated: October 15, 2002.