UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 10-Q

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the quarter ended June 30, 2000

[ ] 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: 0-16075


                     CENTURY PACIFIC FINANCIAL CORPORATION
               (Exact name of Registrant as specified in charter)


          Delaware                                              86-0449546
(State or other jurisdiction of                       (I.R.S. Employer I.D. No.)
incorporation or organization)

1422 N. 44th Street, Suite 211, Phoenix, AZ                        85008
(Address of principal executive offices)                        (Zip Code)

         Issuer's telephone number, including area code: (602) 267-7007

Check  whether  the Issuer  (1) has 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.
Yes [X]  No [ ]

State the number of shares outstanding of each of the Issuer's classes of common
equity  as of the  latest  practicable  date:  At  June  30,  2000,  there  were
51,471,843 shares of the registrant's Common Stock outstanding.

<PAGE>
                                TABLE OF CONTENTS

                                                                           Page
                                                                           ----

PART I. FINANCIAL INFORMATION


     Item 1 -  Financial Statements                                          3

     Item 2 -  Management's Discussion and Analysis or Plan of Operation     8


PART II. OTHER INFORMATION


     Item 3. Legal Proceedings                                               9

     Item 4. Changes in Securities and Use of Proceeds                       9

     Item 5. Default Upon Senior Securities                                  9

     Item 6. Submission of Matters to a Vote of Security Holders             9
     Item 7. Other Information                                               9
     Item 8. Exhibits and Reports On Form 8-K                                9

SIGNATURES                                                                  10

                                       2

<PAGE>

                         PART I. FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS

                      CENTURY PACIFIC FINANCIAL CORPORATION

                      CONDENSED CONSOLIDATED BALANCE SHEETS


                                               June 30, 2000       June 30, 1999
                                               -------------       -------------
CURRENT ASSETS
  Cash                                          $   (11,764)        $   141,355
  Accounts Receivable                               223,799              30,311
  Notes Receivable                                    7,000
  Inventory                                         163,014             206,997
  Tax Benefit Current                                    --               4,668

FIXED ASSETS
  Office Equipment                                   10,152              12,978

OTHER ASSETS
  Notes Receivable Non-Current                       47,168
  Tax Benefit Long Term                             875,697
  Original Costs                                         --                 325
                                                -----------         -----------
     TOTAL ASSETS                               $ 1,319,734         $   391,986
                                                ===========         ===========
CURRENT LIABILITIES
  Accrued Liabilities
  Wages Payable                                 $    29,504
  Taxes Payable                                       1,164                 494
                                                -----------         -----------
     TOTAL LIABILITIES                          $    30,668         $       494
                                                -----------         -----------
CAPITAL
  Common Stock                                  $ 2,058,874         $ 1,216,966
  Capital (Paid in)                               2,006,271           2,339,246
  Retained Earnings                              (2,776,079)         (3,336,407)
                                                -----------         -----------

     TOTAL STOCKHOLDERS EQUITY                  $ 1,289,066         $   391,492
                                                -----------         -----------

     TOTAL LIABILITY & STOCKHOLDERS EQUITY      $ 1,319,734         $   391,986
                                                ===========         ===========

                                       3

<PAGE>
                      CENTURY PACIFIC FINANCIAL CORPORATION

                     CONDENSED CONSOLIDATED INCOME STATEMENT


                              For 3 Months Ended           For 9 Months Ended
                            -----------------------      ----------------------
                             6/30/00       6/30/99       6/30/00        6/30/99
                             -------       -------       -------        -------
REVENUES
  Financial Services        $   9,129      $  8,460      $ 29,710      $ 25,972
  Sales & Service             137,860       522,478       566,363       530,303
                            ---------      --------      --------      --------
        TOTAL REVENUE       $ 146,989      $530,938      $596,073      $556,275
                            ---------      --------      --------      --------

COST OF SALES                  86,543       286,215       258,464       286,215
                            ---------      --------      --------      --------

        GROSS PROFIT        $  60,446      $244,723      $337,609      $270,060
                            =========      ========      ========      ========
EXPENSES
  Advertising                     503           587         1,628         1,338
  Auto                          3,056           923         9,322           923
  Bank Charges                    398            84         1,848           215
  Contributions                   100         2,964
  Commissions                   2,793           609        14,199           609
  Dues and Subscriptions        2,224           514         2,174
  Freight                       1,678         5,481        14,568         5,880
  Insurance                     3,910         2,260        12,581         2,174
  Laundry                         400
  Legal & Professional            327           413         1,163         4,546
  Licenses                         --           148         1,565         1,932
  Miscellaneous                   340         1,241         1,839         5,761
  Office Expense                2,643         1,337        10,529         1,873
  Other Taxes                   3,145         1,845         8,889
  Rent/Lease                   14,772         6,038        42,239        11,156
  Salaries                     18,982        21,083        59,468        28,363
  Supplies                      1,021         2,055
  Telephone                     6,082         2,325        13,779         4,915
  Travel                       14,956         6,424        36,877         6,424
  Utilities                       498            --         1,931            --

          TOTAL EXPENSES       75,204        53,022       238,358        78,283
                            ---------      --------      --------      --------

NET INCOME                  $ (14,758)     $191,700      $ 99,251      $191,777
                            =========      ========      ========      ========

                                       4

<PAGE>
                      CENTURY PACIFIC FINANCIAL CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                        For 3 Months Ended
                                                    ---------------------------
                                                     6/30/00           6/30/99
                                                     -------           -------
Cash from Operations
        Net Income                                  $  99,251         $ 191,777
                                                    ---------         ---------
Adjustments to Reconcile Net Income to Net
 Cash Provided by Operating Activities
  Accounts Payable                                         --          (508,648)
  Accounts Receivable                                 (94,484)          (23,330)
  Inventory                                             8,622          (206,997)
  Notes Receivable                                     (7,000)           (7,000)

  Taxes Payable                                           655               496
                                                    ---------         ---------
        Total                                       $ (92,206)        $(745,479)
                                                    ---------         ---------
        Net Cash Provided by Operations             $   7,045         $(553,702)
                                                    ---------         ---------
        Cash Flows From Investing                   $      --         $ (26,626)
                                                    ---------         ---------
        Cash Flows From Financing                   $      --         $ 400,000
                                                    ---------         ---------
        Net Increase/Decrease Cash                  $   7,045         $(180,322)
                                                    ---------         ---------
Summary
  Cash Balance Beginning of Period                  $  18,808         $     286
                                                    ---------         ---------
  Cash Balance End of Period                        $ (11,765)        $      --
                                                    =========         =========
  Net Increase/Decrease in Cash                     $   7,045         $ 141,355
                                                    =========         =========

                                       5

<PAGE>
                      CENTURY PACIFIC FINANCIAL CORPORATION
                        STATEMENT OF STOCKHOLDERS EQUITY
                     FOR THE PERIOD FROM 1/01/00 TO 6/30/00


<TABLE>
<CAPTION>
                                                            Paid In        Retained      Stockholders
                          Common Shares    Stock Amount     Capital        Earnings        Equity
                          -------------    ------------     -------        --------        ------
<S>                       <C>            <C>            <C>            <C>             <C>
Balance 1/01/00             51,471,847     $ 2,058,874    $ 2,006,271    $(2,761,215)    $ 1,303,930

Retained Earnings (Loss)                                                     (14,864)        (14,864)
                           -----------     -----------    -----------    -----------     -----------

Balance 6/30/00             51,471,847     $ 2,058,874    $ 2,006,271    $(2,776,079)    $ 1,289,066
                           ===========     ===========    ===========    ===========     ===========
</TABLE>


                                       6

<PAGE>
                      CENTURY PACIFIC FINANCIAL CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


     The financial statements included herein have been prepared by the Company,
without  audit,  pursuant to the rules and  regulations  of the  Securities  and
Exchange  Commission.  Certain  information  and footnote  disclosures  normally
included in financial  statements prepared in accordance with generally accepted
accounting principles have been omitted.  However, in the opinion of management,
all  adjustments  (which include only normal  recurring  accruals)  necessary to
present fairly the financial  position and results of operations for the periods
presented  have been made. The results for interim  periods are not  necessarily
indicative  of trends or of results  to be  expected  for the full  year.  These
financial statements should be read in conjunction with the financial statements
and notes thereto included in the Company's most recent report on Form 10-K.

     BASIS OF PRESENTATION.  The consolidated  financial  statements include the
accounts of Century Financial  Corporation and its subsidiaries.  In the opinion
of management,  the accompanying  unaudited  consolidated  financial  statements
contain all  adjustments  necessary to present  fairly the  financial  position,
results  of  operations  and  cash  flows  for the  periods  presented.  Certain
financial  statement items from the prior year may have been  reclassified to be
consistent with the current year financial statement presentation.

     These consolidated  financial statements should be read in conjunction with
the consolidated  financial statements and the related disclosures  contained in
the Company's  Annual Report of Form 10-K for the year ended September 30, 1999,
filed with the Securities and Exchange Commission. The results of operations for
the three months  ended June 30, 2000,  are not  necessarily  indicative  of the
results to be expected for the full fiscal year.

     1. CONDENSED FINANCIAL  STATEMENTS.  The unaudited  condensed  consolidated
financial   information  contained  in  this  report  reflects  all  adjustments
(consisting of normal recurring accruals) considered  necessary,  in the opinion
of  management,  for a fair  presentation  of results  for the  interim  periods
presented.  Certain  information and footnote  disclosures  normally included in
financial  statements  prepared in accordance with generally accepted accounting
principles have been condensed or omitted.

     2. STOCK OPTION PLANS. None outstanding.

     3. PREFERRED STOCK. The Company has one class of preferred stock. 5,000,000
shares of .05000 par value preferred stock remaining authorized but unissued.

     4. WARRANTS. None

                                       7

<PAGE>

I
TEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

     The following selected data of the Company is qualified by reference to and
should  be read in  conjunction  with  the  consolidated  financial  statements,
including  any notes  thereto,  and  "Management's  Discussion  and  Analysis of
Financial  Condition  and  Results of  Operations"  included  elsewhere  in this
report.

     RESULTS OF  OPERATIONS.  Comparison of  three-month  periods ended June 30,
2000 and 1999 are contained herein. Revenues for the third quarter of the fiscal
year of  $146,989.00  are  substantially  lower than of $530,938.00 of the prior
year. Three month comparative  figures reflect lower revenues due to the delayed
start  up  of  medical   equipment  sales   deliveries  both   domestically  and
internationally.  Release from the Chapter 11 Bankruptcy proceedings has allowed
the Company to seek new sources of revenue and acquisitions that are expected to
build the  capital  base,  revenues,  and  profits.  The  operating  expenses of
$75,204.00  were  normal  business  expenses.  Expenses  for the 2000  period as
compared with those of 1999  increased  substantially  as the medical  equipment
subsidiary increased local and export sales.

     This Form 10-Q includes "forward looking statements"  concerning the future
operations of the Company.  It is  management's  intent to take advantage of the
"safe harbor" provision of the Private Securities Litigation Reform Act of 1995.
This  statement  is for the  express  purpose  of  availing  the  Company of the
protections of such safe harbor with respect to all "forward looking statements"
contained  in this Form  10-Q.  We have used  "forward  looking  statements"  to
discuss  future plans and  strategies  of the Company.  Management's  ability to
predict results or the effect of future plans is inherently  uncertain.  Factors
that could effect results  include,  without  limitation,  competitive  factors,
general economic conditions, customer relations, relationships with vendors, the
interest rate environment, governmental regulation and supervision, seasonality,
distribution networks, product introductions,  acceptance, technological change,
changes in industry  practices  and one-time  events.  These  factors  should be
considered when evaluating the "forward  looking  statements" and undue reliance
should not be placed on such  statements.  Should any one or more of these risks
or  uncertainties  materialize,  or  should  any  underlying  assumptions  prove
incorrect, actual results may vary materially from those described herein.

     LIQUIDITY AND CAPITAL  RESOURCES.  The Corporation has remained  current in
its payable  accounts during this period and the event of profitable  operations
in the medical equipment has allowed a modest build-up of cash and inventory.

                                       8

<PAGE>

 
                          PART II. OTHER INFORMATION


ITEM 3. LEGAL PROCEEDINGS

     The  Company  is not a party to any  litigation  and to its  knowledge,  no
action,  suit or  proceedings  against it has been  threatened  by any person or
entity.


ITEM 4. CHANGES IN SECURITIES AND USE OF PROCEEDS

     None


ITEM 5. DEFAULT UPON SENIOR SECURITIES

     None


ITEM 6. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     None

ITEM 7. OTHER INFORMATION

     None

ITEM 8. EXHIBITS AND REPORTS ON FORM 8-K

     None

                                       9

<PAGE>

                                   SIGNATURES

     Pursuant  to the  requirements  of  section  13 or 15(d) 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.

                                   CENTURY PACIFIC FINANCIAL CORPORATION



Dated: November 28, 2001           By /s/ Carlton V. Phillips
                                     ----------------------------------------
                                     Carlton V. Phillips
                                     Chairman of the Board, and
                                     Co-Chief Executive Officer



                                   By /s/ David Hadley
                                     ----------------------------------------
                                     David Hadley
                                     President and Co-Chief Executive Officer

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

    Signature and Title                                     Date
    -------------------                                     ----


/s/ Carlton V. Phillips                                November 28, 2001
----------------------------------------
Carlton V. Phillips
Treasurer and Director



/s/ David Hadley                                       November 28, 2001
----------------------------------------
David Hadley
President and Director

                                       10