UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)
[X]	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
	EXCHANGE ACT OF 1934
	For the quarterly period ended September 30, 2002
	For the quarterly period ended March 31, 2003
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
	For the transition period from to

333-62786 (Commission file number) Canadian Rockport Homes International, Inc. (Exact name of small business issuer as specified in its charter)

Canadian Rockport Homes International, Inc. (Exact name of small business issuer as specified in its charter)

Delaware

(State or other jurisdiction

of incorporation or organization)

98-0354610

(IRS Employer

Identification No.)

700 W. ~~Pender~~Bender Street, Suite 507 Vancouver, BC Canada V6C 1G8 (Address of principal executive offices) (604) 669-1081 (Issuer's telephone number) (Former name, former address and former fiscal year, if changed since last report)

(604) 669-1081 (Issuer's telephone number)

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

[X]

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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.

APPLICABLE ONLY TO CORPORATE ISSUERS

The number of shares outstanding of each of the issuer's classes of common equity. asAs of ~~September~~March 3031, ~~2002~~2003 ~~was~~- 15,~~345~~483,~~344~~480 shares of ~~common~~Common ~~stock~~ Stock

Canadian Rockport Homes International, Inc.

Index

		Page
		Number
PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements
	Accountant's review report	3
	Balance Sheets	3
	Balance Sheets	4
	Statements of Operations	5
	Statements of Operations	6
	First Quarter Ended March 31, 2002 and 2003 and from the
	For the three-months and nine-months ended
	Company's inception (March 27, 1997 through March 31, 2003
	September 30, 2001and 2002 and from the Company's
	Statement of Cash Flows	6
	inception (March 27, 1997) through September 30, 2002
	First Quarter Ended March 31, 2002 and 2003 and from the
	Statement of Cash Flows	7
	Company's inception (March 27, 1997 through March 31, 2003
	For the three-months and nine-months ended
	Notes to Financial Statements	8
	September 30, 2001and 2002 and from the Company's
	inception (March 27, 1997) through September 30, 2002
	Notes to Financial Statements	9
Item 2.	Management's Discussion and Analysis of Financial Condition
	and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures ~~about~~About Market Risk	1311
Part II.	OTHER INFORMATION
Item 1.	Legal Proceedings	1412
Item 2.	Change in Securities and Use of Proceeds	1412
Item 3.	Defaults Upon Senior Securities	1412
Item 4.	Submission of Matters to a Vote of Security Holders	1412
Item 5.	Other Information	1412
Item 6.	Exhibits and Reports on Form 8-K	1412
SIGNATURES		15
Item 7.	Controls and Procedures	12
SIGNATURES		13
CERTIFICATION		14

PART I. FINANCIAL INFORMATION

ITEM 1. Financial Statements

To the Board of Directors Canadian Rockport Homes International, Inc.

Canadian Rockport Homes International, Inc.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS

	December 31, 2002		March 31, 2003
			(Unaudited)
Assets

Current Assets
Cash and cash equivalents	$	181,331	$ 154,749
Employee advances		-	1,548
Prepaid expenses	500		750

Total current assets	181,831		157,047

Property and Equipment
Land		400,000	400,000
Trucks		23,773	25,474
Furniture and equipment	163,440		170,276
		587,213	595,750
Less accumulated depreciation	(77,789)		(92,091)
		509,424	503,659
Construction in progress	692,479		806,046

Total property and equipment - net	1,201,903		1,309,705

Other Assets
Deferred lease expense		11,894	-
Intangibles:
Patents	10,341		10,203

Total other assets	22,235		10,203

Total Assets	$ 1,405,969		$ 1,476,955

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

We have reviewed the accompanying balance sheet of Canadian Rockport Homes International, Inc. (a development stage company) as of September 30, 2002, and the related statements of operations and cash flows for the three-month and nine-month periods ended September 30, 2001 and 2002 and from the Company’s inception (March 27, 1997) through September 30, 2002. These financial statements are the responsibility of the Company’s management.

Canadian Rockport Homes International, Inc.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS

	December 31, 2002		March 31, 2003
			(Unaudited)
Liabilities and Stockholders' Equity (Deficit)

Current Liabilities
Rent payable	$	283,985	$ 283,985
Accounts payable		94,105	108,685
Payroll taxes payable		3,457	1,547
Franchise taxes payable		-	150
Loans payable - officer		2,117	-
Loans payable - other		15,612	15,612
Current maturities of obligation under capital lease		653	723
Current maturities of long-term debt	80,771		96,199

Total Current Liabilities	480,700		506,901

Obligation under capital lease	1,970		1,927

Total Liabilities	482,670		508,828

Stockholders' Equity
Common stock, $.001 par value; authorized
100,000,000 shares; issued and outstanding
15,418,856 shares as of December 31, 2002,
and 15,483,480 shares as of March 31, 2003		15,419	15,483
Additional paid-in capital		4,084,431	4,382,208
Deficit accumulated during development stage		(3,175,470)	(3,432,327)
Other comprehensive income	(1,081)		2,763

Total Stockholders' Equity	923,299		968,127

Total Liabilities and Stockholders' Equity (Deficit)	$ 1,405,969		$ 1,476,955

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

We conducted our reviews in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to the financial data and making inquiries of persons responsible for financial and accounting matters. 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, we do not express such an opinion.

Canadian Rockport Homes International, Inc.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS AND ACCUMULATED DEFICIT

					From Inception
					(March 27, 1997)
		For the Three Months Ended				Through
	March 31, 2002		March 31, 2003		March 31, 2003
	(Unaudited)		(Unaudited)		(Unaudited)

Income	$	-	$	-	$	-

Operating Expenses
General and administrative expenses		(301,069)		(250,171)		(3,013,272)
Loss on disposition of assets		-		-		(358,361)
Loss on impairment of goodwill	-		-		(30,000)

Loss from Operations		(301,069)		(250,171)		(3,401,633)

Other Income (Expenses)
Commission income		-		2,917		2,917
Interest income		208		111		4,166
Interest expense	-		(9,714)		(37,777)

Net Loss	$ (300,861)		$ (256,857)		$ (3,432,327)

Basic loss per share:	$ (0,02)		$ (0.02)

Weighted Average Common
Shares Outstanding	15,071,159		15,458,678

The accompanying notes are an integral part of the financial statements

Based on our reviews, we are not aware of any material modifications that should be made to the financial statements referred to above for them to be in conformity with generally accepted accounting principles.

Canadian Rockport Homes International, Inc.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF CASH FLOWS

				From Inception
				(March 27, 1997)
	For the Three Months Ended				Through
	March 31, 2002		March 31, 2003	March 31, 2003
	(Unaudited)		(Unaudited)		(Unaudited)
Cash Flows from Operating Activities
Net loss	$	(300,861)	$ (256,857)	$	(3,432,327)
Adjustments to reconcile net loss to net cash
provided by operating activities:
Issuance of common stock for services		-	-		13,500
Issuance of common stock in
Company's organization		-	-		1,000
Loss on disposition of assets		-	-		358,361
Loss on impairment of goodwill		-	-		30,000
Depreciation and amortization		13,314	10,678		92,849
(Increase) Decrease in Assets
(Decrease) in receivables		-	(1,537)		(1,537)
(Increase) decrease in prepaid expenses		11,122	11,645		(842)
Increase (Decrease) in Liabilities
Increase in trade and other payables	34,823		18,001	393,166

Net cash used in operating activities	(241,602)		(218,070)	(2,545,830)

Cash Flows from Investing Activities
Net proceeds from sale of timber and truss plant		-	-		211,639
Acquisition of equipment and other property	(59,249)		(121,177)	(804,387)

Net cash used in investing activities	(59,249)		(121,177)	(592,748)

Cash Flows from Financing Activities
Gross proceeds from private stock offerings		189,484	315,774		3,381,698
Cost incurred in stock offerings		-	(17,932)		(214,368)
Advances and repayments from officer		12,816	-		127,969
Principal reduction on obligation under capital lease		-	(97)		(517)
Proceeds from loans		-	-		144,668
Advances to third parties		(49,257)	-		-
Loan repayments to officer		(26,509)	-		(12,144)
Repayment on loans made to third parties		37,316	-		-
Purchase of treasury stock	-		-	(35,000)

Net cash provided by financing activities	163,850		297,745	3,277,306

Effect of exchange rates on cash	72		14,920	16,021

Net increase (decrease) in
cash and cash equivalents		(136,929)	(26,582)		154,749

Beginning Balance -
Cash and cash equivalents -	223,823		181,331	-

Ending Balance -
Cash and cash equivalents	$ 86,894		$ 154,749	$ 154,749

The accompanying notes are an integral part of the financial statements

s/Canadian ~~Jonathon~~Rockport P.Homes ~~Reuben~~International, ~~CPA Jonathon P~~Inc. ~~Reuben,~~(A ~~Certified~~Development ~~Public~~Stage ~~Accountant~~Company) ~~November~~STATEMENTS ~~14,~~OF ~~2002~~CASH FLOWS

Canadian Rockport Homes International, Inc. (A Development Stage Company)

CONSOLIDATED BALANCE SHEETS

	December 31, 2001		September 30, 2002
				(Unaudited)
Assets
Current Assets
Cash and cash equivalents	$	223,823	$	28,024
Loan receivable - officer		-		2,604
Prepaid expenses	500		1,272
Total current assets	224,323		31,900
Property and Equipment
Land		-		400,000
Trucks		23,561		23,749
Furniture and equipment	132,395		154,829
		155,956		578,578
Less accumulated depreciation	(37,137)		(66,713)
		118,819		511,865
Construction in progress	486,667		631,251
Total property and equipment - net	605,486		1,143,116
Other Assets
Capitalized website costs
(net accumulated amortization)		2,902		1,505
Deferred lease expense		59,469		23,788
Goodwill		-		30,000
Patent and intellectual properties
(net accumulated amortization)	10,981		10,585
Total other assets	73,352		65,878
Total Assets	$ 903,161		$ 1,240,894

Canadian Rockport Homes International, Inc. (A Development Stage Company)

CONSOLIDATED BALANCE SHEETS

	December 31, 2001		September 30, 2002
				(Unaudited)
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities
Rent payable	$	33,609	$	190,093
Legal fees payable		29,890		66,780
Accounts payable		21,970		66,082
Payroll taxes payable		4,030		-
Franchise taxes payable		100		150
Loans payable - officer		1,396		-
Loans payable - other		-		15,612
Current portion - note payable	-		72,305
Total Current Liabilities	90,995		411,022
Long-term Debt	-		2,150
Stockholders' Equity
Common stock, $.001 par value; authorized
100,000,000 shares; issued and outstanding
15,050,065 shares as of December 31, 2001,
and 15,345,344 shares as of September 30, 2002		15,050		15,345
Additional paid-in capital		2,235,314		3,577,301
Deficit accumulated during development stage		(1,438,632)		(2,770,377)
Other comprehensive income	434		5,453
Total Stockholders' Equity	812,166		827,722
Total Liabilities and Stockholders' Equity	$ 903,161		$ 1,240,894

Canadian Rockport Homes International, Inc. (A Development Stage Company)

CONSOLIDATED STATEMENTS OF OPERATIONS AND ACCUMULATED DEFICIT

									From Inception
									(March 27, 1997)
		For the Three Months Ended				For the Six Months Ended				Through
		September 30,				September 30,			September 30,
	2001		2002		2001		2002		2002
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Sales	$	-	$	-	$	-	$	141,523	$	141,523
Cost of goods sold			-				(450,000)		(450,000)
				-				(308,477)		(308,477)
Operating Expenses	(316,586)		(353,871)		$ (790,578)		$ (974,687)		$ (2,416,997)
Loss from Operations		(316,586)		(353,871)		(790,578)	$	(1,283,164)	$	(2,725,474)
Other Income (Expenses)
Loss on sale of building		-		(30,160)		-		(30,160)		(30,160)
Interest income		896		106		3,645		349		4,027
Interest expense	-		(18,218)		-		(18,770)		(18,770)
		(296,729)		(818,913)		(471,243)		(1,119,711)		(2,558,343)
Net Loss	$ (315,690)		$ (402,143)		$ (786,933)		$ (1,331,745)		$ (2,770,377)
Basic Loss Per Share	$ (0.02)		$ (0.03)		$ (0.05)		$ (0.09)
Weighted Average
Common Shares Outstanding	14,962,796		15,315,167		14,587,794		15,182,923

Canadian Rockport Homes International, Inc. (A Development Stage Company)

CONSOLIDATED STATEMENTS OF CASH FLOWS

									From Inception
									(March 27, 1997)
		For the Three Months Ended				For the Nine Months Ended				Through
		September 30,				September 30,			September 30,
	2001		2002		2001		2002		2002
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Cash Flows from Operating Activities
Net Loss	$	(315,690)	$	(420,143)	$	(786,933)	$	(1,331,745)	$	(2,770,377)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Issuance of common stock for assets
sold during period		-		120,000		-		570,000		570,000
Issuance of common stock for services		-		-		-		-		13,500
Issuance of common stock
in Company's organization		-		-		-		-		1,000
Depreciation and amortization		12,027		10,075		23,541		30,987		72,354
(Increase) Decrease in Assets
Increase (decrease) in receivables		-		33,750		-		-		-
Increase (decrease) in inventories		-		-		-		-		-
(Increase) decrease in prepaid expenses
and other assets		11,894		16,649		(68,424)		34,899		(25,162)
Increase (Decrease) in Liabilities
Increase (decrease) in
trade and other payables	19,434		122,943		32,517		252,161		308,236
Net cash used in operating activities	(272,335)		(98,726)		(799,299)		(443,698)		(1,830,449)
Cash Flows from Investing Activities
Acquisition of equipment and
other property	(3,115)		(31,336)		(370,404)		(163,846)		(616,843)
Net cash provided (used)
in investing activities	(3,115)		(31,336)		(370,404)		(163,846)		(616,843)
Cash Flows from Financing Activities
Gross proceeds from stock offerings		-		133,821		858,629		352,282		2,547,853
Costs incurred in stock offerings		(35,791)		-		(122,918)		-		(185,569)
Advances from officer		13,148		11,185		50,542		49,370		73,513
Proceeds from loans		-		-		-		281,878		356,278
Principal debt reduction		-		(255)		-		(255)		(255)
Repayments to officer		(10,243)		(13,080)		(53,246)		(53,185)		(77,504)
Repayments on loans made to third parties		-				-		(211,704)		(211,704)
Purchase of treasury stock	-		-		-		(10,000)		(35,000)
Net cash provided by financing activities (32,886)			131,671		733,007		408,386		2,467,612
Effect of exchange rates on cash	(1,439)		208		(92)		3,359		7,704
Net Increase (Decrease) in Cash
Cash Equivalents		(309,775)		1,817		(436,788)		(195,799)		28,024
Beginning Balance - Cash Equivalents	397,026		26,207		524,039		223,823		-
Ending Balance - Cash Equivalents	$ 87,251		$ 28,024		$ 87,251		$ 28,024		$ 28,024

Canadian Rockport Homes International, Inc. (A Development Stage Company)

CONSOLIDATED STATEMENTS OF CASH FLOWS

Supplemental Information:

Cash Paid For:
					From Inception
					(March 27, 1997)
	For the Three Months Ended		For the Six Months Ended		Through
	September 30,		September 30,		September 30,
	2001	2002	2001	2002	2002
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
Interest Expenses	$ -	$ 138	$ -	$ 690	$ 690
Income Taxes	$ -	$ -	$ -	$ -	$ -

Non-cash Investing and Financing Activities:

During the first quarter of 2003, the Company issued 1,600 shares of its common stock in consideration for services rendered in connection with the Company's public offering. The issued shares were valued at $8,000.

Cash Paid For:

			From Inception
			(March 27, 1997)
	For the Three Months Ended		Through
	March 31, 2002	March 31, 2003	March 31, 2003
	(Unaudited)	(Unaudited)	(Unaudited)

Income Taxes	$ -	$ -	$ -

Interest	$ -	$ -	$ -

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

Canadian Rockport Homes International, Inc.

(a Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

Note 1.

In the opinion of the Company’'s management, the accompanying unaudited financial statements contain all ~~adjustments~~adjustment (consisting of normal recurring accruals) necessary to present fairly the financial position of the Company as of ~~September~~March 3031, ~~2002~~2003, and the results of its operations and cash flows for the three-month ~~and nine-month~~ periods ended ~~September~~March 3031, ~~2001~~2002 and ~~2002~~2003. The operating results of the Company on a quarterly basis may not be indicative of operating results for the full year.

Note 2. – Summary of Significant Accounting Policies

InPrinciples ~~April 2002, the Company borrowed $54,562 from two shareholders. The loans are evidenced by two promissory notes. The terms~~ of the notes were modified in October 2002. Under the terms of the amended promissory notes, the loans are assessed interest at an annual rate of 8% and the Company is required to issue 5,000 shares of its common stock to each of the lenders. The face amount of the loan, accrued interest and the lean operations and $486,438 was incurred in the Company’s Canadian operations. Of the $790,578 incurred in 2001, $418,939 relates to the Company’s Chilean operations and $371,639 was incurred in the Company’s Canadian operations.consolidation

The ~~Company~~accompanying ~~incurred~~financial ~~interest~~statements ~~expense~~include ofthe ~~$18,770~~accounts ~~during~~and ~~the~~transactions ~~nine-month~~of ~~period~~Canadian ~~ended~~Rockport ~~September~~Homes 30International, ~~2002,~~Inc. ~~the~~and ~~majority~~its ofwholly ~~which~~owned ~~relates~~subsidiaries, toCanadian ~~interest~~Rockport ~~accrued~~Homes, onLtd. ~~a $54,562~~Rockport ~~demand~~Homes ~~loan~~Chile ~~borrowed~~Limitada ~~from~~and ~~the~~Rockport ~~two~~Trading, ~~shareholders~~S.A. ~~(see~~Intercompany ~~note~~transactions 2and tobalances ~~the~~have ~~financial~~been ~~statements)~~eliminated in consolidation.

~~Chilean Operations~~Foreign Currency Translations

~~During~~For ~~the~~foreign ~~nine-months~~operations ~~ended~~whose ~~September~~functional ~~30,~~currency ~~2002,~~is the ~~Company~~local ~~incurred~~foreign ~~$317~~currency,~~355~~ inbalance ~~the~~sheet ~~rental~~accounts ofare ~~its~~translated ~~Chilean~~at ~~plant~~exchange asrates compared to $210,885 for the same period last year. Rent on an apartment maintained by the Company amounted to $8,007 for the nine months ended September 30, 2002 as compared to $8,801 incurred during the same period in ~~2001.~~effect ~~Compensation~~at ~~and related expenses incurred during~~ the ~~nine~~end ~~months~~of ~~ended September 30, 2002 amounted to $77,448 as compared to $51,072, which was incurred during~~ the ~~same~~year ~~nine-month period in 2001. During the nine months ended September 30, 2002 the Company incurred $14,403 in legal~~ and ~~accounting~~income ~~fees~~statement asaccounts ~~compared~~are totranslated ~~$11,010~~at ~~incurred~~average ~~during~~exchange ~~the~~rates ~~same~~for ~~nine-month period in~~ the ~~prior~~ year. ~~Depreciation~~Translation ~~expense~~gains onand ~~the~~losses ~~Company’s~~are ~~Chilean~~included ~~assets during the nine-month period ended September 30, 2002 amounted to $13,267~~ as ~~compared~~a toseparate ~~$7,623~~component ~~incurred~~of ~~during~~stockholders’ ~~the nine-months ended September 30, 2001~~equity. ~~Travel expenses incurred during the nine-month period ended September 30, 2002 amounted to $20,647 as compared to $85,652 incurred in the same nine-month period in the previous year.~~

~~The~~Property ~~major~~and difference in the expenses incurred in 2002 over 2001 is that the Chilean plant was leased in April 2001, therefore, expenses reflected for 2001 were incurred over a five-month period as compared to a nine-month period for 2002. Travel expenses in 2001 were higher than in 2002 due to the number of trips to Chili required in the opening of the plant.Equipment

The cost of property and equipment is depreciated over the estimated useful lives of the related assets that range from 3 to 7 years. Depreciation is computed on the straight-line method for financial reporting purposes and for income tax reporting purposes. Depreciation expense for the three months ended March 31, 2002 and 2003 was $12,879, and $10,512, respectively.

Intangible Assets

Patents received from TWiC are being amortized over their respective remaining lives ranging from 11to18 years. Amortization expense for March 31, 2003 and 2002 were $166, and $133, respectively.

	Intangible assets consist of the following:

			March 31, 2003
							Weighted
		Gross				Net	Average
		Intangible	Accumulated		Intangible		Life
		Assets	Amortization			Assets	(Years)
Patents	$	11,505	$	1,302	$	10,203	18

				March 31, 2002
							Weighte
							d
		Gross				Net	Average
		Intangible		Accumulated		Intangible	Life
		Assets		Amortization		Assets	(Years)
Patents	$	11,470	$	623	$	10,847	18
Estimated amortization expense for each of the next five years ended March 31, is as follows:

		2003		$		674
		2004				674
		2005				674
		2006				674
		2006				674
		Total		$	3,370

Canadian Rockport Homes International, Inc.

(a Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

Net Loss Per Share

The Company adopted the provisions of Statement of Financial Accounting Standards (“SFAS”) No. 128, “Earnings Per Share” (“EPS”) that established standards for the computation, presentation and disclosure of earnings per share, replacing the presentation of Primary EPS with a presentation of Basic EPS.

Issuances Involving Non-cash Consideration

All issuances of the Company’s stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received whichever is more readily determinable. The majority of the non-cash consideration received pertains to services rendered by consultants and others.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported 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.

Income Taxes

The Company accounts for its income taxes under the provisions of Statement of Financial Accounting Standards 109 ("SFAS 109"). The method of accounting for income taxes under SFAS 109 is an asset and liability method. The asset and liability method requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities.

Fair Value of Financial Instruments

Pursuant to SFAS No. 107, “Disclosures About Fair Value of Financial Instruments”, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of March 31, 2003. The Company considers the carrying value of such amounts in the financial statements to approximate their face value.

Canadian Rockport Homes International, Inc.

~~Canadian~~Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

~~Salaries~~Results and related costs for the nine-month period ended September 30, 2002 amounted to $178,854 as compared to $197,777 during the same period last year. Consulting fees during the nine-months ended September 30, 2002 amounted to $62,676 as compared to $48,037 for the same period last year. Rent expense for the nine-months ended September 30, 2002 amounted to $45,156 as compared to $27,845 for the nine-month period ended September 30, 2001. The increase in rent in 2002 relates to the Company’s leasing of anOperations ~~additional office space. Advertising and promotion~~ for the ~~nine~~Three ~~months~~Months ~~period~~Ended ~~ended~~March ~~September 30~~31, ~~2002~~2003 ~~amounted to $15,763 as compared to $6,538 for the same period last year. Legal~~ and ~~accounting fees charged to operations for the nine months ended September 30,~~ 2002 amounted to $96,023 as compared to $10,849 for the same period last year. Depreciation expense for the nine-months ended September 30, 2002 amounted to $16,402 as compared to $15,145 in last year's same nine month period. Telephone expense for the nine months ended September 30, 2002 amounted to $10,654 as compared to $8,901 for the same period last year. Office expense for the nine months ended September 30, 2002 amounted to $11,456 as compared to $14,009 for the same period last year.

~~Results~~>From ofthe ~~Operations~~Company’s ~~for~~inception, ~~the~~it ~~Three~~has ~~Months~~been ~~Ended~~in ~~September~~the ~~30,~~development ~~2002~~stage and has not commenced principal operations. ~~2001~~During 2003, the Company is continuing the construction of its plant in Chile.

General and administration costs were $~~353~~250,~~871~~171 and $~~316~~301,~~586~~069, respectively, for the three-month periods ended ~~September~~March 3031, ~~2002~~2003 and ~~2001~~2002.

Of the $~~353~~250,~~871~~171 incurred during ~~2002~~2003, $~~175~~88,~~498~~158 was incurred in the Company’s Chilean operations. The remaining $~~178~~160,~~373~~600 pertains to costs incurred in operating its Canadian offices and general administration. OfThe ~~the~~major ~~$316,586~~expenses incurred in Chile during ~~the~~2003 ~~three-months~~consisted ~~ended~~of ~~September~~rent ~~30,~~amounting ~~2001,~~to $~~192~~15,~~838~~862, ~~was~~salaries ~~incurred~~and inrelated ~~the~~expenses ~~Company’s~~totaling ~~Chilean operations~~$33,201, ~~and~~professional fees of $~~123~~2,~~748~~986, ~~was~~and ~~incurred~~costs inrelating ~~the~~to ~~Company’s~~its ~~Canadian~~new ~~operations~~facilities totaling $11,003.

~~Chilean Operations~~Other general expenses incurred in 2003 including operating the Company’s Canadian offices consists of salaries and related payroll costs of $69,992, consulting fees of $16,137, advertising and promotion of $20,767, depreciation expense of $10,372, rent of $16,934, telephone of $3,241, office expense of $6,295, telephone of $4,701 and travel expenses of $3,378.

~~During~~Of the ~~three-months~~$301,069 ~~ended~~incurred ~~September~~during 302002, ~~2002~~$159,022 ~~the~~was ~~Company~~ incurred ~~$108,540~~ in the ~~rental~~Company’s ~~of its~~ Chilean ~~plant as compared to $105,785 for the same period last year~~operations. ~~Rent~~The onremaining ~~an apartment maintained by the Company amounted to~~ $2142,~~756~~047 ~~for~~pertains ~~the three months ended September 30, 2002 as compared~~ to ~~$3,300~~costs incurred ~~during~~in ~~the~~operating ~~quarter~~its ~~ended~~Canadian ~~September~~offices ~~30,~~and ~~2001~~general administration. ~~Compensation~~The ~~and~~major ~~related~~ expenses incurred ~~during~~in ~~the~~Chile ~~three~~during ~~months ended September 30,~~ 2002 ~~amounted~~consisted toof ~~$35,019~~rent asamounting ~~compared~~ to $27107,~~515~~969, ~~which~~salaries ~~was~~and ~~incurred~~related ~~during~~expenses ~~the~~totaling ~~same three-month period in 2001. During the three months ended September 30, 2002 the Company incurred~~ $3515,~~019~~941, inprofessional ~~legal and accounting~~ fees asof ~~compared to~~ $117,~~010~~983, ~~incurred~~depreciation ~~during the same three-month period in the prior year. Depreciation~~ expense onof ~~the Company’s Chilean assets during the three-month period ended September 30, 2002 amounted to~~ $4,422 ~~as compared to $2~~,~~594~~ ~~incurred~~and ~~during~~costs ~~the~~relating ~~three-months ended September 30, 2001. Travel expenses incurred during the three-month period ended September 30, 2002 amounted~~ to ~~$4,703~~its asplant ~~compared~~certification toof $272,~~073 incurred in the same three-month period in the previous year~~669.

Other general expenses incurred in 2002 including operating the Company’s Canadian ~~Rockport~~offices ~~Homes~~consists ~~International~~of salaries and related payroll costs of $58,376, ~~Inc~~consulting fees of $20,142, professional fees of $9,031, advertising and promotion of $3,807, non-recurring security registration costs in Canada totaling $12,283, depreciation expense of $8,457, rent of $11,430, telephone of $3,241, and travel expenses of $3,278.

~~Canadian~~Liquidity ~~Operations~~and Capital Resources

~~Salaries~~Cash and ~~related~~cash ~~costs~~equivalents ~~for~~as ~~the~~of ~~three-month~~March ~~period~~31, ~~ended~~2003 ~~September~~and ~~30,~~ 2002 ~~amounted~~were to $72154,~~560~~749 asand ~~compared to~~ $6086,~~149~~849, ~~during the same period last year~~respectively. ~~Consulting~~During ~~fees during~~ the ~~three-months~~first ~~ended~~quarter ~~September~~of 302003, ~~2002~~the ~~amounted~~Company tomoved ~~$23,658~~from asits ~~compared~~former toleased ~~$11,524~~facility ~~for~~and ~~the~~commenced ~~same~~construction ~~period~~of ~~last~~its ~~year. Rent~~new ~~expense~~plant ~~for~~on the ~~three-months~~land ~~ended~~previously ~~September~~acquired. ~~30,~~During ~~2002~~this ~~amounted to $17,593 as compared to $9,452 for the~~ three-month period ~~ended September 30~~, ~~2001. During 2002,~~ the Company ~~leased~~received ana ~~additional~~total ~~office~~of $315,774 ~~thus~~through ~~explaining~~ the ~~increase.~~sale ~~Advertising~~of ~~and~~63,024 ~~promotion~~shares ~~for~~of the ~~three~~Company’s ~~months~~common ~~period ended September 30~~stock, ~~2002 amounted to~~ $2,~~172~~917 asin ~~compared~~commissions toearned ~~$3,528~~on ~~for~~a ~~the~~timber ~~same~~sale ~~period last year. Legal~~ and ~~accounting~~$111 ~~fees~~in ~~charged~~interest. toDuring ~~operations for~~ the ~~three~~same ~~months ended September 30~~period, ~~2002~~the ~~amounted~~Company topaid $38221,~~120~~098 asin ~~compared~~its ~~to $6~~operations,~~293~~ ~~for~~purchased ~~the~~equipment ~~same period last year. Depreciation expense~~ for ~~the~~its ~~three-months~~Canadian ~~ended~~offices ~~September~~totaling ~~30, 2002 amounted to~~ $5,~~077~~753, aspaid ~~compared to~~ $941,~~302~~303 inon ~~last year's same three month period. Telephone expense for~~ the ~~three~~construction ~~months~~of ~~ended~~its ~~September~~modular ~~30,~~display ~~2002 amounted to $3~~home,~~486~~ aspaid ~~compared to~~ $474,~~082~~121 ~~for~~in ~~the~~connection ~~same~~with ~~period~~construction ~~last~~of ~~year.~~its ~~Office~~new ~~expense for the three months ended September 30~~plant, ~~2002~~and ~~amounted~~paid to $317,~~200~~932 asin ~~compared~~costs toassociated ~~$3,430~~with ~~for~~its ~~the~~public ~~same period last year~~offering.

~~Changes~~During the first quarter of 2002, the Company received a total of $189,484 through the sale of 37,842 shares of the Company’s common stock and $208 in ~~Expenses~~interest. ~~Due~~The Company also received $37,316 as reimbursement on the $49,257 paid by the Company on direct liabilities of Madera Dorada Canadiense S.A., (See item 5). In addition, the Company advanced $26,509 to ~~Fluctuations~~the Company’s CEO and was repaid $12,816 during the quarter. During the same period, the Company paid $241,810 in ~~Currency~~its ~~exchange~~operations, ~~rates~~purchased equipment for its Canadian offices totaling $9,249 and paid $50,000 to TWiC Housing Corporation for construction of its molds.

The Company pays the majority of its Chilean expenditures in Chilean Pesos and Canadian expenditures in Canadian dollars. However, the Company uses the U.S. Dollar as its functioning currency. Therefore the expenses incurred in each period will fluctuate due to the conversion rate in effect between the Peso, Canadian dollar and the U.S. Dollar. (see item 3 below).

LIQUIDITY AND CAPITAL RESOURCES FOR THE NINE-MONTHS ENDED SEPTEMBER 30, 2002 AS COMPARED TO NINE-MONTHS ENDED SEPTEMBER 30, 2001

During the nine-month period ended September 30, 2002, the Company received net proceeds of $915,242, of which $352,282 was received through the sale of 95,279 shares of the Company’s common stock, $141,523 was received from the sale of timber, $89,840 was received from the sale of the truss plant, $54,562 from shareholders’ loans, $349 in interest, and $49,370 was received from its Chief Executive Officer, Dr. Malone, In addition, the Company received $227,316 towards obligations incurred by MDC prior to the acquisition. Of the amount received, $675,410 was used in the Company’s operations. In addition, $163,846 was used in the construction of its Chilean plant and for the purchase of other equipment, $10,000 was paid to a stockholder in exchange for the receipt and subsequent cancellation of 5,000 shares of its common stock, $255 reduction in the principal balance due on the purchase of computer equipment, $53,185 was advanced to the Company’s President, and $211,704 was paid on obligations of MDC. The cash balance as of September 30, 2002 was $28024.

During the nine-month period ended September 30, 2001, the Company received net proceeds of $909,171, of which $858,629 was received through the sale of its common stock and $50,542 was received from its Chief Executive Officer, Dr. Malone. Of the amount received, $799,299 was used in the Company’s operations, $326,715 was used in the construction of molds and acquisition of other property located in Chile, $43,689 was used in the acquisition of equipment and other property for the Company's Canadian operations, $122,918 was used in legal and accounting fees incurred in the preparation of its offering documents, and $53,246 was repaid to Dr. Malone. The balance of cash and cash equivalents as of September 30, 2001 was $87,251.

The Company continues in its completion of its mold necessary to commence production and is in ongoing contract negotiations for the production and sale of its modular homes; however, it does not have sufficient cash reserves necessary to meet its current monthly obligations. Management has extended the expiration date of the Company’s public offering, and is in negotiations to obtain additional financing. Management is hopeful that a contract or financing will be obtained shortly which will allow the Company to continue on an on-going basis.

Canadian Rockport Homes International, Inc.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

~~The~~Canadian ~~Company~~Rockport Homes International, Inc. may be subject to market risk in the form of interest rate risk and foreign currency risk. ~~The~~Canadian ~~Company~~Rockport Homes International, Inc. is a development stage company with limited operations to date, and neither interest rate nor foreign currency has had a material impact on such operations.

The company's exposure to interest rate changes primarily ~~may~~relate ~~be as related~~ to long-term debt used to fund future property acquisitions. Management's objective is to limit any impact of interest rate changes and may include any borrowing to be negotiated at fixed rates. Although interest rate changes have had no material affect on operations to date, management must continually evaluate such rates as manufacturing operations commence, corporate profitability is achieved, and expansion is being considered. The company may also establish lines of credit through traditional banking venues to insure liquidity during future periods of growth, and may consider fixed or variable rate bank lines consistent with any fluctuation of interest rates at the time of such growth.

The company's exposure to foreign currency exchange requires continuing management attention to the stability of the countries in which operations may be planned, as well as trade relations between the selected country(s) and Canada. Both trade relations and stability as pursuant to planned operations in Chile are currently favorable. ~~The~~Canadian ~~Company~~Rockport Homes International, Inc. will continue to comprehensively evaluate conditions in countries where operations are in place and where future operations are planned, and will take any measures feasible at the time to minimize foreign currency risk. Such measures may include, but are not limited to; a reduction in operations or relocating a portion of operations to a more favorable environment.

Canadian Rockport Homes International, Inc.

Part II. OTHER INFORMATION

Item 1. Legal Proceedings None

None

Item 2. Change in Securities and Use of Proceeds

During the ~~third~~three-months ~~quarter~~ended ofMarch ~~2002~~31, 2003, the Company ~~issued~~received a total of 56$315,~~644~~774 through the sale of 63,024 shares of the Company’s common stock. During the same period it issued 1,600 shares of its common stock for services rendered in ~~exchange~~connection ~~for~~with its public offering. The services were valued at $~~133~~8,~~821~~000. ~~These~~For ~~shares~~the ~~are~~period ~~part~~form ofApril 1, 2003 through June 17, 2003, the company’s ~~registered~~issued ~~offering~~27,740 of its common stock in exchange for approximately $138,000.

Item 3.	Defaults Upon Senior Securities
	None

Item 4.	Submission of Matters to a Vote of Security Holders
	Not applicable

Item 5.	Other Information
	None

Item 6. Exhibits and Reports on Form 8-K

Exhibits

Exhibits
Canadian Rockport Homes International, Inc. includes herewith the following:
Number	Description
99.1	Certification of Chief Executive Officer of Canadian Rockport Homes International, Inc. pursuant
	to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.2	Certification of Principal Accounting Officer of Canadian Rockport Homes International pursuant
	to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

No changes have occurred, therefore Canadian Rockport Homes International incorporates by reference the exhibits 3 (a) Articles of Incorporation and 3 (b) Bylaws filed with its registration statement on Form S-1 (Number 333-62786) as amended, filed October 30, 2001.

Canadian Rockport Homes International includes herewith the following exhibit:

99.1	Certification of Chief Executive Officer and Principal Accounting Officer of Canadian
	Rockport Homes International, Inc. pursuant to 18 U.S.C. Section 1350, as adopted
	pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Reports on Form 8-K

No filings were made during the period covered by this report.

~~Canadian~~Item ~~Rockport~~7. ~~Homes~~Controls ~~International,~~and ~~Inc.~~ Procedures

~~SIGNATURES~~Canadian Rockport Homes International, Inc. management, including the Principal Executive Officer and Principal Financial Officer, have conducted an evaluation of the effectiveness of disclosure controls and procedures pursuant to Exchange Act Rule 13a-14(c) and 15d-14(c). This evaluation was conducted within 90 days prior to the filing of this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer concluded that the disclosure controls and procedures are effective in ensuring that all material information required to be filed in this quarterly report has been made known to them in a timely fashion. There have been no significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date the Principal Executive Officer and Principal Financial Officer completed their evaluation.

~~Pursuant~~Canadian toRockport ~~the~~Homes ~~requirements of the Securities Exchange Act of 1934~~International, ~~the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized~~Inc.

~~Canadian Rockport Homes International, Inc. By: /s/ William Malone William Malone, Chief Executive Officer and Director~~ SIGNATURES

~~Date: November~~Pursuant 14to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, ~~2002~~the registrant has dully caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Canadian Rockport Homes International, Inc.
	Registrant


By:	\s\ William R. Malone, CEO
	William R. Malone, CEO

Date:	June 22, 2003

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Date: June 22, 2003	By: \s\ William R. Malone, President
	William R. Malone, President and Director

Date: June 22, 2003	By: \s\ Carol Laeser Treasurer
	Carol Laeser, Treasurer and Director

Date: June 22, 2003	By: \s\ Harry Gordon, Secretary
	Harry Gordon, Secretary And Director

Date: June 22, 2003	By: \s\ Nelson Riis, Director
	Nelson Riis, Director

CERTIFICATION

I William R. Malone, certify that:

I have reviewed this quarterly report on Form 10-Q of Canadian Rockport Homes International, Inc.;

Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a) designed such disclosure controls and procedures to ensure that material information relating to the

registrant, including its consolidated subsidiaries, is made known to us by others within those entities,

particularly during the period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90

days prior to the filing date of this quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and

procedures based on our evaluation as of the Evaluation Date;

The registrant's other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies in the design or operation of internal controls which could adversely affect

the registrant's ability to record, process, summarize and report financial data and have identified for

the registrant's auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a

significant role in the registrant's internal controls; and

The registrant's other certifying officer and I have indicated in this quarterly report whether there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: June 22, 2003

/s/ William R. Malone

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

William R. Malone

Principal Executive Officer

CERTIFICATION

I, Carol Laeser, certify that:

Filing Compare · Canadian Rockport Homes Int'l, Inc.