U.S. Securities and Exchange Commission
Washington, DC 20549
Form 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2003
-------------

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to _________

Commission File number 0-26843

Nortia Capital Partners, Inc.
- -----------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)

Florida
- -----------------------------------------------------------------
(State or other jurisdiction of incorporation or organization)

65-0913582
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(IRS Employer Identification No.)

400 Hampton View Court, Alpharetta, Georgia 30004
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(Address of principal executive offices)

(770) 777-6795
- -----------------------------------------------------------------
(Issuer's telephone number)

BF Acquisition Group I, Inc.
- -----------------------------------------------------------------
(Former name, former address, and former fiscal year, if changed
since last report)

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the
issuer's classes of common equity, as of the latest practicable
date: As of October 4, 2004, there were approximately 5,725,000
shares of common stock, $0.001 par value, issued and
outstanding.

Transitional Small Business Disclosure Format (check one);

Yes [ ] No [X]

Nortia Capital Partners, Inc.
Form 10-QSB Index
July 31, 2003

Page

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

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

Balance Sheet at July 31, 2003 (Unaudited)............... 3

Statement of Operations For the Three
Months Ended July 31, 2003 And 2002
(Unaudited).............................................. 4

Statement Of Cash Flows For the Three
Months Ended July 31, 2003 And 2002
(Unaudited).............................................. 5

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

Item 2. Management's Plan of Operation..................... 12

Item 3. Controls and Procedures............................ 20

Part II: Other Information.................................... 20

Item 1. Legal Proceedings.................................. 20

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds................................ 21

Item 3. Defaults Upon Senior Securities.................... 21

Item 4. Submission of Matters to a Vote of Security
Holders ........................................... 21

Item 5. Other Information.................................. 21

Item 6. Exhibits and Reports on Form 8-K................... 21

Signatures...................................................... 22

PART I
FINANCIAL INFORMATION

Item 1. Financial Statements

Nortia Capital Partners, Inc.
(f/k/a BF Acquisition Group I, Inc.
(A Development Stage Company)
Balance Sheet
At July 31, 2003
(Unuadited)

ASSETS
------

Current Assets
Cash $ 7,986
------------
Total Current Assets 7,986
============

LIABILITIES
-----------

Current Liabilities
Accounts payable 12,458
Due to related party 1,113
Accrued expenses 183
Debentures 11,500
------------
Total Current Liabilities 25,254
============

STOCKHOLDERS' DEFICIENCY
========================

Preferred stock, Series B, $0.001 par value,
5,000,000 shares authorized, none issued and
outstanding $ -
Common stock, $0.001 par value, 50,000,000 shares
authorized 2,275,000 shares issued and outstanding 2,275
Additional paid in capital 5,116
Accumulated deficit (12,398)
Deficit accumulated during development stage (12,261)
------------
Total Stockholders' Deficiency (17,268)
============

Total Liabilities and Stockholders' Deficiency $ 7,986
============

See accompanying notes to financial statements.

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

Period from
May 1, 2003
Three Months Ended (Inception of
July 31, Development Stage)
2003 2002 to July 31, 2003
-------- -------- ------------------

Operating Expenses
General and administrative 2,078 - 2,078
Professional 10,000 - 10,000
--------- -------- ------------------
Total Operating Expenses 12,078 - 12,078
--------- -------- ------------------

Loss from Operations 12,078 - 12,078

Other Expense
Interest expense, net 183 - 183
--------- -------- ------------------

Total Other Expense 183 - 183
--------- -------- ------------------

Net Loss $ 12,261 $ - $ 12,261
========= ======== ==================

Net Loss Per Share
- Basic and Diluted $ (0.01) $ (0.00) $ (0.01)
========= ======== ==================

Weighted Average Shares 2,275,000 825,000 2,275,000
========= ======== ==================

See accompanying notes to financial statements.

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

Period from
May 1, 2003
Three Months Ended (Inception of
July 31, Development Stage)
2003 2002 to July 31, 2003
---------- ---------- ------------------

Cash Flows From Operating Activities:
Net loss $ (12,261) $ - $ (12,261)
Adjustments to reconcile net loss to
net cash used in operations:
Changes in operating assets and liabilities:
Decrease in prepaid expenses 540 - 540
Increase in accounts payable 12,458 - 12,458
Increase in due to related party 1,113 - 1,113
Decrease in accrued expenses (5,363) - (5,363)
---------- ---------- ------------------
Net Cash Used In Operating Activities (3,514) - (3,514)
---------- ---------- ------------------

Cash Flows From Investing Activities:
---------- ---------- ------------------
Net Cash Used In Investing Activities - - -
---------- ---------- ------------------

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

Net Increase in Cash 7,986 - 7,986
Cash at Beginning of Period - - -
---------- ---------- ------------------
Cash at End of Period $ 7,986 $ - $ 7,986

========== ========== ==================

Cash interest paid $ - $ - $ -
========== ========== ==================

See accompanying notes to financial statements.

Nortia Capital Partners, Inc.
(f/k/a BF Acquisition Group I, Inc.
(A Development Stage Company)
Notes to Financial Statements
July 31, 2003

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

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

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

For further information, refer to the audited financial statements and
footnotes of the Company for the year ending April 30, 2003 included in
the Company's Form 10-KSB.

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

Nature of Operations

Nortia Capital Partners, Inc. (f/k/a BF Acquisition Group I, Inc.)
("Nortia", "the Company", "we", "us") is a publicly held company that
during the period covered by this report conducted no business operations
and generated no revenue and not implemented its business plan.

We were organized as BF Acquisition Group I, Inc. under the laws of the
State of Florida on April 15, 1999, as a "shell" company with plans to
seek business partners or acquisition candidates. Due to capital
constraints, however, we were unable to continue with our business plan.
In March 2001, we ultimately ceased our business activities and became
dormant through May 2003, whereby we incurred only minimal administrative
expenses.

During June 2003, we engaged present management, began to raise
additional capital, and initiated activities to re-establish our
business. During our fiscal quarterly period ending July 31, 2003, we re-
entered the development stage. During the development stage, we have
raised additional capital and commenced preparations to implement our
business plan.

Prior to the issuance of this Form 10-QSB, we have not filed in a timely
manner our required reports with the Securities and Exchange Commission
("SEC") for the quarterly periods ended July 31, 2003, October 31, 2003,
January 31, 2004, and July 31, 2004 and the annual report on form 10-KSB
for the period ended April 30, 2004. No provision has been recorded in
the accompanying financial statements for the cost of actions, if any,
that may be taken by the SEC against the Company for its non-compliance
during this period (See Note 5 - Commitments and Contingencies).

Effective August 2, 2004, the Company changed its name to Nortia Capital
Partners, Inc.

Nortia Capital Partners, Inc.
(f/k/a BF Acquisition Group I, Inc.
(A Development Stage Company)
Notes to Financial Statements
July 31, 2003

In September 2004, our Company issued Company Common Stock certificates
to respective shareholders representing 3,330,000 shares of previously
authorized but unissued shares of our Common Stock (See Note 8 -
Subsequent Events).

Significant Accounting Policies

Accounting Estimates

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

Cash and Cash Equivalents

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

Beneficial Conversion Feature in Debentures

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

Fair Value of Financial Instruments

We define the fair value of a financial instrument as the amount at which
the instrument could be exchanged in a current transaction between
willing parties. The carrying value of accounts payable and accrued
liabilities approximates fair value because of the short maturity of
those instruments. The estimated fair value of our other obligations is
estimated based on the current rates offered to us for similar
maturities. Based on prevailing interest rates and the short-term
maturity of all of our indebtedness, management believes that the fair
value of our obligations approximates book value at July 31, 2003.

Nortia Capital Partners, Inc.
(f/k/a BF Acquisition Group I, Inc.
(A Development Stage Company)
Notes to Financial Statements
July 31, 2003

Income Taxes

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

3. GOING CONCERN

As reflected in the accompanying financial statements, the Company has a
net loss of $12,261 and net cash used in operations of $3,514 for the
three months ended July 31, 2003 and a working capital deficiency of
$17,268 and a deficit accumulated during the development stage of $12,261
at July 31, 2003. Additionally, the Company is in default of $37,500 of
Debentures at August 31, 2004 (See Note 8 - Subsequent Events). The
ability of the Company to continue as a going concern is dependent on the
Company's ability to further implement its business plan, raise capital,
and generate revenues. The financial statements do not include any
adjustments that might be necessary if the Company is unable to continue
as a going concern.

We plan on generating future revenues through direct investments into
private companies, start-up companies, and through the opportunities
provided by turnaround companies. We also intend to invest in the
commercial real estate market. Additionally, we will provide fee based
business expertise through in-house consultants and contract consultants.
To date, our planned principal operations have not yet commenced, and
management is devoting most of its efforts to general business planning,
raising capital, and developing business opportunities.

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

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

Nortia Capital Partners, Inc.
(f/k/a BF Acquisition Group I, Inc.
(A Development Stage Company)
Notes to Financial Statements
July 31, 2003

4. DEBENTURES

In May and June of 2003, we received $11,500 of cash proceeds from the
issuance of debentures to several parties (See Note 8 - Subsequent
Events). The debenture terms are interest at ten percent (10%) per
annum, payable in twelve (12) months from the date of the debenture and
include a five percent (5%) penalty for any event of default (See Note 8
- - Subsequent Events). Additionally, the debenture holders may be granted
the option of converting the debenture into common stock of the Company
at an exchange rate of twenty-five cents ($0.25) per share.

We have evaluated the debenture to determine if a beneficial conversion
feature exists in accordance with EITF 98-5, as amended by EITF 0027. We
have determined that the debentures are not a convertible instrument in
that the potential conversion feature outlined in the debentures is not
binding.

5. STOCKHOLDERS' DEFICIENCY

Capital Structure

We are authorized to issue up to 50,000,000 shares of our common stock,
$0.001 par value per share, of which 2,275,000 were issued and
outstanding at July 31, 2003. The holders of the common stock do not
have any preemptive right to subscribe for, or purchase, any shares of
any class of stock.

We are authorized to issue up to 5,000,000 shares of our preferred stock,
$0.001 par value per share, of which none were issued and outstanding at
July 31, 2003. Our preferred stock is commonly referred as a "blank
check preferred stock" as the Board of Directors is authorized to
establish the number of shares to be included in each class or series and
the preferences, limitations and relative rights of each class or series,
which may include a conversion feature into common stock.

There was no change in our ownership structure for the quarterly period
ended July 31, 2003 (See Note 8 - Subsequent Events).

6. COMMITMENTS AND CONTINGENCIES

From time to time we may become subject to proceedings, lawsuits and
other claims in the ordinary course of business including proceedings
related to environmental and other matters. Such matters are subject to
many uncertainties, and outcomes are not predictable with assurance.
As described in Note 2, we did not file any of the reports with the SEC
as required of SEC registrants. No provision has been made in the
accompanying financial statements for the cost of actions, if any, that
may be taken by the SEC against the Company for its non-compliance during
this period.

7. RELATED PARTY TRANSACTIONS

At April 30, 2003, we had an accounts payable in the amount of $3,113 to
a shareholder/director who directly paid certain expenses of the Company
and these were non-interest bearing and do not have any repayment terms.

Nortia Capital Partners, Inc.
(f/k/a BF Acquisition Group I, Inc.
(A Development Stage Company)
Notes to Financial Statements
July 31, 2003

During the three months ended July 31, 2003, we repaid $2,000 of these
advances and at July 31, 2003, $1,113 is included in due to related party
on the accompanying balance sheet.
See Note 8 - Subsequent Events for other related party transactions.

8. SUBSEQUENT EVENTS

In September 2003, we entered into a consulting contract with a publicly
held company and we are providing consulting services to this company in
exchange for $240,000 to be paid us in the form of one million two
hundred thousand (1,200,000) restricted shares of their common stock,
valued at $0.20 per share. The term of the consulting agreement is for
twelve (12) months and the common stock will be earned and payable on a
quarterly basis. In January 2004, we received three hundred thousand
(300,000) shares as compensation for services and will account for the
consulting fees as revenue, pro-rata over the contract term in accordance
with EITF 00-8 "Accounting by a Grantee for an Equity Instrument to be
Received in conjunction with Providing Goods or Services". In accordance
with FAS 115 "Accounting for Certain Investments in Debt and Equity
Securities", we will record the restricted shares as "available-for-sale"
securities, a non-current asset.

In November 2003, we issued $75,000 of debentures in exchange for 100,000
shares of freely trading common stock in the same publicly traded company
discussed above. In accordance with FAS 115, we will account for the
100,000 shares of common stock as "available-for-sale" securities, a
current asset.

In January 2004, we issued a $5,000 debenture to a third party for legal
services. We accounted for the issuance as legal expense in the
statement of operations.

Through April 30, 2004, we had received $170,000 of cash proceeds from
the issuance of debentures discussed previously and had $250,000 of
debentures outstanding.

In March 2004, we appointed a new Chief Financial Officer ("CFO") and a
director of the Company. The CFO will be compensated in the form of one
million (1,000,000) shares of Common Stock of the Company. Additionally,
the CFO will be compensated one hundred fifty thousand (150,000) shares
of Common Stock of the Company for director services. In total, one
million one hundred fifty thousand (1,150,000) shares of Common Stock
were granted to the CFO and valued on the grant date to be recognized
immediately as compensation expense as there was no formal employment
agreement or stated term.

In March 2004, we granted one million (1,000,000) shares of Common Stock
of the Company to our President as a bonus for his services as the
President of the Company. The shares are valued on the grant date and
recognized as compensation expense.

Nortia Capital Partners, Inc.
(f/k/a BF Acquisition Group I, Inc.
(A Development Stage Company)
Notes to Financial Statements
July 31, 2003

hundred twenty thousand (120,000) shares were granted upon the execution
of the agreement and the remaining shares will be earned at the rate of
5,000 shares monthly and issued on a quarterly basis.

In June 2004, we appointed our then President as the Chief Executive
Officer and the Chairman of the Board.

In June 2004, we appointed a new President and a director of the Company.
The President will be compensated in the form of one million (1,000,000)
shares of Common Stock of the Company. Additionally, the President will
be compensated one hundred fifty thousand (150,000) shares of Common
Stock of the Company for director services. In total, one million one
hundred fifty thousand (1,150,000) shares of Common Stock were issued to
the President in June 2004 and valued on the grant date to be recognized
immediately as compensation expense as there was no formal employment
agreement or stated term.

In July 2004, our Chief Executive Officer and Chairman of the Board, was
elected President and a director of another publicly held company, the
company mentioned previously that we have an investment in and a
consulting agreement with. Additionally, our President and a director
was also elected Chief Executive Officer and a director of this other
publicly held company, thereby making this investment, an investment in
affiliate commencing July 2004.

As of June 30, 2004, the Debentures discussed previously are in default
as the term was for one (1) year. The debenture provisions include a
penalty of five percent (5%) for any default that occurs and this would
total $575. The Company is in discussions with the debenture holders
concerning the default.

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

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

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

Item 2. Management's Plan of Operation.

Overview

The following discussion "Management's Plan of Operation"
contains forward-looking statements. The words "anticipate,"
"believe," "expect," "plan," "intend," "estimate," "project,"
"will," "could," "may" and similar expressions are intended to
identify forward-looking statements. Such statements reflect our
current views with respect to future events and financial
performance and involve risks and uncertainties. Should one or
more risks or uncertainties occur, or should underlying
assumptions prove incorrect, actual results may vary materially
and adversely from those anticipated, believed, expected,
planned, intended, estimated, projected or otherwise indicated.
We caution you not to place undue reliance on these forward-
looking statements, which we have made as of the date of this
Quarterly Report on Form 10-QSB.

The following is qualified by reference to, and should be read in
conjunction with our financial statements ("Financial
Statements"), and the notes thereto, included elsewhere in this
Form 10-QSB, as well as the discussion hereunder "Management's
Plan of Operation".

Plan Of Operation

During the period covered by this report, Nortia Capital
Partners, Inc. (f/k/a BF Acquisition Group I, Inc.) ("Nortia",
the "Company", "we", "us") conducted no business operations and
generated no revenue. Effective August 2, 2004, the Company
changed its name from BF Acquisition Group I, Inc. to Nortia
Capital Partners, Inc.

Our Company was initially organized as a "shell" company,
with plans to seek business partners or acquisition candidates;
however, due to capital constraints, we were unable to continue
with our business plan. In March 2001, we ultimately ceased our
business activities and became dormant through May 2003, whereby
we incurred only minimal administrative expenses. During June
2003, we brought in present management, raised additional
capital, and initiated activities to re-establish our business.

Prior to the issuance of this Form 10-QSB, we have not
filed in a timely manner our required reports with the
Securities and Exchange Commission ("SEC") for the quarterly
periods ended July 31, 2003, October 31, 2003, January 31, 2004,
July 31, 2004 and the annual report on form 10-KSB for the period
ended April 30, 2004. No provision has been recorded in the
accompanying financial statements for the cost of actions, if
any, that may be taken by the SEC against the Company for its non-
compliance during this period.

During our fiscal quarterly period ending July 31, 2003, we
re-entered the development stage. At that time present management
raised capital and commenced preparations to register our Company
as a "Business Development Company" ("BDC") with the Securities
and Exchange Commission whereby we will be regulated pursuant to
the requirements of the Investment Company Act of 1940. As of the
date hereof, we have not yet registered as a BDC. As a BDC, we
expect to derive our revenues through direct investments into
private companies, start-up companies, and through the
opportunities provided by turn around companies. We also intend
to invest in the commercial and residential real estate markets.

Additionally, we will provide fee based business expertise
through in-house consultants and contract consultants. To date,
our planned principal BDC operations have not yet commenced, and
management is devoting most of its efforts to general business
planning, raising capital, and developing business opportunities.

As described above, we were dormant for a period of time due
to the lack of capital. We incurred a loss from operations, and
during the period covered by this report, we did not have any
revenues to cover our incurred expenses. Our management
recognizes that we must generate additional resources to enable
us to pay our obligations as they come due, and that we must
ultimately implement our BDC business plan and achieve profitable
operations. We cannot assure you that we will be successful in
any of these activities. Should any of these events not occur,
our financial condition will be materially adversely affected.

Presently, our Company expects to meet its current capital
requirements for the next twelve months pursuant to a combination
of third party loans made to our Company and from revenues
derived from the commencement of our business operations.

OVERVIEW OF COMPANY

Since its inception, the Company has suffered recurring
losses from operations and has been dependent on existing
stockholders and new investors to provide the cash resources to
sustain its operations. We have had and could have losses,
deficits and deficiencies in liquidity, which could impair our
ability to continue as a going concern. Our independent auditors
have indicated, in their audit opinion for the year ended April
30, 2003 and April 30, 2002, that certain factors raise
substantial doubt about our ability to continue as a going
concern and these continuing factors are discussed in note 3 to
our accompanying July 31, 2003 interim financial statements.
Since its inception, the Company has suffered recurring losses
from operations and has been dependent on existing stockholders
and new investors to provide the cash resources to sustain its
operations.

We have continually incurred net losses and this has
resulted in an accumulated deficit and stockholders' deficiency
at July 31, 2003. We had a net loss of $12,261 and net cash used
in operations of $3,514 for the three months ended July 31, 2003
and a working capital deficiency of $17,268, and a deficit
accumulated during the development stage of $12,261 at July 31,
2003. Additionally, we are in default of $37,500 of Debentures
as of August 31, 2004. The Company is in the development stage
and the ability to continue as a going concern is dependent on
the Company's ability to further implement its business plan,
raise capital, and generate revenues. The financial statements
do not include any adjustments that might be necessary if the
Company is unable to continue as a going concern

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

available only on terms that would result in further dilution to
the current owners of our common stock.

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

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

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

RECENT DEVELOPMENTS

In November 2003, we issued $75,000 of debentures in exchange for
100,000 shares of freely trading common stock in the same
publicly traded company discussed above. In accordance with FAS
115, we will account for the 100,000 shares of common stock as
"available-for-sale" securities, a current asset.

In January 2004, we issued a $5,000 debenture to a third party
for legal services. We accounted for the issuance as legal
expense in the statement of operations.

Through April 30, 2004, we had received $170,000 of cash proceeds
from the issuance of debentures discussed previously and had
$250,000 of debentures outstanding.

In March 2004, we appointed a new Chief Financial Officer ("CFO")
and a director of the Company. The CFO will be compensated in
the form of one million (1,000,000) shares of Common Stock of the
Company. Additionally, the CFO will be compensated one hundred
fifty thousand (150,000) shares of Common Stock of the Company
for director services. In total, one million one hundred fifty
thousand (1,150,000) shares of Common Stock were granted to the
CFO and valued on the grant date to be recognized immediately as
compensation expense as there was no formal employment agreement
or stated term.

In March 2004, we granted one million (1,000,000) shares of
Common Stock of the Company to our President as a bonus for his
services as the President of the Company. The shares are valued
on the grant date and recognized as compensation expense.

In May 2004, we entered into a consulting agreement with a third
party whereby the consultant will provide corporate business
development and consulting services for us. The term of the
agreement is twenty-four (24) months and consultant will receive
a total of two hundred forty thousand (240,000) shares of the
Common Stock of the Company. One hundred twenty thousand
(120,000) shares were granted upon the execution of the agreement
and the remaining shares will be earned at the rate of 5,000
shares monthly and issued on a quarterly basis.

In June 2004, we appointed our then President as the Chief
Executive Officer and the Chairman of the Board.

In June 2004, we appointed a new President and a director of the
Company. The President will be compensated in the form of one
million (1,000,000) shares of Common Stock of the Company.
Additionally, the President will be compensated one hundred fifty
thousand (150,000) shares of Common Stock of the Company for
director services. In total, one million one hundred fifty
thousand (1,150,000) shares of Common Stock were granted to the
President in June 2004 and valued on the grant date to be
recognized immediately as compensation expense as there was no
formal employment agreement or stated term.

In July 2004, our Chief Executive Officer and Chairman of the
Board, was elected President and a director of another publicly
held company, the company mentioned previously that we have an
investment in and a consulting agreement with. Additionally, our
President and a director was also elected Chief Executive Officer
and a director of this other publicly held company, thereby
making this investment, an investment in affiliate commencing
July 2004.

As of June 30, 2004, the Debentures discussed previously are in
default as the term was for one (1) year. The debenture
provisions include a penalty of five percent (5%) for any default
that occurs and this would total $575. The Company is in
discussions with the debenture holders concerning the default.

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

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

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

CRITICAL ACCOUNTING ESTIMATES AND POLICIES

The methods, estimates and judgment we use in applying our
most critical accounting policies have a significant impact on
the results we report in our financial statements. The
Securities and Exchange Commission has defined the most critical
accounting policies as the ones that are most important to the
portrayal of our financial condition and results, and require us
to make our most difficult and subjective judgments, often as a
result of the need to make estimates of matters that are
inherently uncertain. Based upon this definition, our most
critical estimates include going concern and the evaluation of
the beneficial conversion feature in debentures. We also have
other key accounting estimates and policies, but we believe that
these other policies either do not generally require us to make
estimates and judgments that are as difficult or as subjective,
or it is less likely that they would have a material impact on
our reported results of operations for a given period. For

additional information see Note 3 "Summary of Significant
Accounting Policies" in the notes to our unaudited financial
statements contained in our quarterly report on Form 10-QSB for
the quarterly period ended July 31, 2003. Although we believe
that our estimates and assumptions are reasonable, they are based
upon information presently available. Actual results may differ
significantly from these estimates.
GOING CONCERN

The independent auditors' reports to our financial
statements for the year ended April 30, 2003 and April 30, 2002,
include an emphasis paragraph in addition to their audit opinion
stating that our recurring losses from operations and lack of
revenues raise substantial doubt about our ability to continue as
a going concern. Our financial statements do not include any
adjustments to reflect the possible effects on recoverability and
classification of assets or the amounts and classification of
liabilities that may result from our inability to continue as a
going concern.

EVALUATION OF BENEFICIAL CONVERSION FEATURE IN DEBENTURES

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

RESULTS OF OPERATIONS

Financial Analysis of the Three Months Ended July 31, 2003
and 2002
- ----------------------------------------------------------

Three Months Ended
July 31,
2003 2002
---------- ----------

Operating Expenses
General and administrative 2,078 -
Professional 10,000 -
---------- ----------
Total Operating Expenses 12,078 -
---------- ----------

Loss from Operations 12,078 -

Other Expense
Interest expense, net 183 -
---------- ----------

Total Other Expense 183 -
---------- ----------

Net Loss $ 12,261 $ -
========== ==========

Operating Expenses:
- ------------------
Operating expenses increased $12,078, or 100% to $12,078 for the
three months ended July 31, 2003 from zero for the three months
ended July 31, 2002. The increase was primarily the result of
the Company entering the development stage effective May 1, 2003
as compared to being dormant for the comparable period in 2002.

Other Expense:
- -------------
Other expense increased $183, or 100% to $183 for the three
months ended July 31, 2003 from zero for the three months ended
July 31, 2002. The increase is from interest expense on
debentures issued during 2003 as compared to none during 2002.

Liquidity and Capital Resources

Cash and cash equivalents were $7,986 at July 31, 2003 as
compared to zero at April 30, 2003, and working capital deficit
was $17,268 at July 31, 2003 as compared to $5,007 at April 30,
2003. The increase in cash was primarily the result of the
Company receiving $11,500 of proceeds from the issuance of
debentures during the three months ended July 31, 2003. The
increase in the working capital deficit from April 30, 2003 was
primarily the result of a decrease in accrued expenses and the
loss from operations.

Operating Activities: Net cash used in operating activities was
- --------------------
$3,514 for the three months ended July 31, 2003 while there were
no cash operating activities for the three months ended July 31,
2002. The increase in cash used in operations resulted primarily
due to the fact of a decrease in accrued expenses and the loss
from operations offset by an increase in accounts payable.

Investing Activities: There were no investing cash flow
- ----------------------
activities during either the three months ended July 31, 2003 or
July 31, 2002.

Financing Activities: Cash flows provided by financing
- ----------------------
activities was $11,500 for the three months ended July 31, 2003
while there were no cash financing activities for the three
months ended July 31, 2002. The increase in cash provided by
financing activities was due to $11,500 of cash proceeds received
by the Company from the issuance of debentures.

SHORT-TERM DEBT

Our short-term debt at July 31, 2003 consisted of the following:

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

$11,500 Debentures, dated May and June 2003, bearing
interest at 10% per annum and due in 12 months $ 11,500
========

In May and June of 2003, we received $11,500 of cash proceeds
from the issuance of debentures to several parties. The
debenture terms are interest at ten percent (10%) per annum,
payable in twelve (12) months from the date of the debenture and
include a five percent (5%) penalty for any event of default. As
previously discussed, we anticipate filing to become a BDC in the
near future. Upon SEC acceptance of our BDC election, the
debenture holders may be granted the option of converting the
debenture into common stock of the Company at an exchange rate of
twenty-five cents ($0.25) per share.

We have evaluated the debenture to determine if a beneficial
conversion feature exists in accordance with EITF 98-5, as
amended by EITF 0027. We have determined that the debentures are
not a convertible instrument in that the potential conversion
feature outlined in the debentures is not binding.

Equity Financing

None

Liquidity

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

Our ability to obtain additional financing depends on many
factors beyond our control, including the state of the capital
markets, the market price of our common stock, the prospects for
our business and the approval by our stockholders of an amendment
to our certificate of incorporation increasing the number of
shares of common stock we are authorized to issue. The necessary
additional financing may not be available to us or may be
available only on terms that would result in further dilution to

the current owners of our common stock. Failure to obtain
commitments for financing would have a material adverse effect on
our business, results of operations and financial condition. If
the financing we require to sustain our working capital needs is
unavailable or insufficient or we do not receive the necessary
financing, we may be unable to continue as a going concern.

Contractual Obligations and Commercial Commitments

The following table highlights, as of July 31, 2003, our
contractual obligations and commitments by type and period:

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

Less than After
Contractual Obligations Total 1 year 1-3 years 4-5 years 5 years
- ----------------------- -------- --------- --------- --------- ---------

Short-Term Debt:
- ---------------
Debentures $ 11,500 $ 11,500 $ - $ - $ -
-------- --------- --------- --------- ---------
Total Short-Term Debt $ 11,500 $ 11,500 $ - $ - $ -
======== ========= ========= ========= =========

Recent Accounting Developments

In January 2003, the FASB issued FASB Interpretation No. 46 (FIN
46), "Consolidation of Variable Interest Entities, an
interpretation of ARB No. 51," which as an interpretation defines
when and who consolidates a "variable interest entity," or
"VIE." This new consolidation model applies to entities (i)
where the equity investors (if any) do not have a controlling
financial interest, or (ii) whose equity investment at risk is
insufficient to finance that entity's activities without
receiving additional subordinated financial support from other
parties and requires additional disclosures for all enterprises
involved with the VIE. FIN 46 is effective during 2003 depending
on when the VIE is created. We do not believe that the adoption
of FIN 46 will have a significant impact on our financial
position and results of operations.

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

In May 2003, the Financial Accounting Standards Board issued SFAS
No. 150 (SFAS 150), "Accounting for Certain Financial Instruments
with Characteristics of Both Liabilities and Equity." It
establishes standards for how an issuer classifies and measures
certain financial instruments with characteristics of both
liabilities and equity. This standard is effective for financial
instruments entered into or modified after May 31, 2003, and
otherwise is effective at the beginning of the first interim

period beginning after June 15, 2003. The adoption of FAS 150
did not have a significant impact on our financial position and
results of operations.

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

Item 3. Controls and Procedures.

As of the date this report is filed, an evaluation was
performed under the supervision and with the participation of the
Company's principal executive officers and financial officers of
the effectiveness of the design and operation of the Company's
disclosure controls and procedures (as such term is defined in
Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the
end of the period covered by this report. During that period, our
Company experienced significant capital constraints, and we
ultimately ceased our business activities and became dormant
through May 2003. During the period covered by this report, our
Company was unable to comply with its Exchange Act reporting
requirements because no accounting work was completed, no
financial statements were prepared, and no audits were obtained.
The evaluation revealed to the Company's principal executive
officers and financial officers that, as a result of those
circumstances, the design and operation of the Company's
disclosure controls and procedures were not effective as of the
end of the period covered by this report.

As of the date this report is filed, our Company's principal
executive officers and financial officers have made significant
changes in the Company's internal controls and in other factors
that could significantly affect internal controls subsequent to
the date of the above-described evaluation period. In particular,
the Company has adopted an independent audit committee, has
committed funds for legal and accounting work and the preparation
of financial statements and audits, and has brought the Company
out of its dormant period as of May 2003, all of which enables
our Company's principal executive officers and financial officers
to maintain our Company as current pursuant to its Exchange Act
reporting obligations and provide our Company with an effective
design and operation of disclosure controls and procedures.

PART II
OTHER INFORMATION

Item 1. Legal Proceedings

During the period covered by this report, the Company was
not a party to any pending legal proceeding. Prior to the
issuance of this Form 10-QSB, we have not filed in a timely
manner our required reports with the Securities and Exchange
Commission ("SEC") for the quarterly periods ended July 31, 2003,
October 31, 2003, January 31, 2004 and the annual report on form
10-KSB for the period ended April 30, 2004. No provision has
been recorded in the accompanying financial statements for the
cost of actions, if any, that may be taken by the SEC against the
Company for its non-compliance during this period.

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

Not Applicable

Item 3. Defaults Upon Senior Securities

Not Applicable

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

Not Applicable

Item 5. Other Information

Not Applicable

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits:

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

(4)
4.1 Debenture Agreement.

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

31.2 Certification of the Chief Financial Officer of Nortia
Capital Partners, Inc. pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
(32)
32.1 Certification of the Chief Executive Officer of Nortia
Capital Partners, Inc. pursuant to Section 906 of the
arbanes-Oxley Act of 2002.

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

(b) Reports on Form 8-K

Not Applicable

SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

NORTIA CAPITAL PARTNERS, INC.

Registrant

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

Dated: October 8, 2004

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

Dated: October 8, 2004

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

Dated: October 8, 2004

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

Dated: October 8, 2004