UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D. C. 20549 FORM 10-QSB - ------------------------ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 Alpha Generation, Inc. (Formerly Trinidad Corporation) Incorporated in the State of Texas File Number 0-18515 Check whether the issuer (1) timely filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months; Yes______ No___X___ and (2) has been subject to such filing requirements for the past 90 days. Yes__X___ No_____ As of March 31, 2003 there were 8,954,347 outstanding shares of Alpha Generation, Inc. Common Stock, no par value . There are 50,000,000 shares of Common Stock, no par value authorized. Transitional Small Business Disclosure Format ( check one): Yes___ No_X_ , Alpha Generation, Inc. Index to Form 10-QSB Part I FINANCIAL INFORMATION ( UNAUDITED) ITEM I. FINANCIAL STATEMENTS Balance Sheets as of March 31, 2003 (Unaudited) and December 31, 2002 (Audited). Statements of Operations for the Three Month periods ended March 31, 2003 and March 31, 2002. Statements of Cash Flows for the Three Month periods ended March 31,2003 and March 31, 2002. Notes to Financial Statements. ITEM 2.	 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS PART II OTHER INFORMATION 	ITEM 2. CHANGES IN SECURITIES SIGNATURES PART I. FINANCIAL INFORMATION ITEM 1. Financial Statements Alpha Generation, Inc., Balance Sheets 					 March 31, 2003 December 31, 2002 					 __(Unaudited)_______ (Audited)_ ASSETS 										 Current Assets 	Cash and cash equivalent 			$ 393		$ 3,848 Accounts receivable, net of allowance 	for doubtful accounts 2,996		 3,070 							_____________		____________ Total Current Assets				$ 3,889		$ 6,918 							_____________		____________ Investments 	Investments					$ 36,292		$ 19,849 							_____________		____________ Total Investments					$ 36,292		$ 19,849 							_____________		____________ Total Assets						$ 40,181 		$ 26,767 LIABILITIES Current Liabilities 	Accounts payable				$ 6,444		$ - 	Due to officer					$ 9,351		$ 9,351 							____________		___________- 	Total Current Liabilities			$ 15,795		$ 9,351 							____________		___________ 	Total Liabilities				$ 15,795		$ 9,351 STOCKHOLDERS EQUITY Preferred Stock: 500,000 authorized shares, no par value no shares issue and outstanding Common Stock 50,000,000 authorized shares, no par value 8,954,347 issued and outstanding Additional Paid-in Capital 				$ 232,784		$ 232,784 Comprehensive Income (Loss) 				 (210,664) (215,553) Accumulated Income during the development period			 		 2,266 185 							_____________		___________ Total Stockholders Equity				$ 24,386		$ 17,416 Total Liabilities and Stockholders Equity		$ 40,181		$ 26,767 ALPHA GENERATION, INC. Statements of Operations (Unaudited) 								Three Months Ended 							March 31, 2003		 March 31, 2002 							________________________________________ 										 Revenues			 		$ 8,478		$ 4,988 Selling, General and Administrative Expense 	 		 $ 6,396 	$ 5,334 Operating Income (Loss)		 		 $ 2,081 	$ < 346> Other Income (Expense) Interest (Expense) 					 - - Other Income 	 			 $ - $ - (expense) 				 	 $ - $ - 						 _____________		____________ Other Income net 				 $ - 		$ - Net Income (Loss) 	 $ 2,081 	 $ < 346> Net Income(Loss) $ per share	 	 $ 0.0002 $ < nil> Weighted average shares outstanding 	 		8,954,347 8,954,347 The accompanying is an integral part of the financial statements ALPHA GENERATION, INC. Statements of Cash Flows (Unaudited) 							Three Months Ended March 31 							2003 			2002 							____________________________ 										 Cash Flows From Operating Activities: Net Income			 		$ 2,081 	 $ <346> Amortization $ - $ - Depreciation	 $ - 	 $ - Shares issued for services $ - $ - Net increase> decrease in operating assets and liabilities			 		$ 6,970 $ 17,415										__________		______________ Net Cash Provided by Operating Activities	 			$ 9,051 $ 17,069 Cash Flows From Investing Activities: Purchase of property and equipment 		$ $ Net Cash Provided by Investing Activities 		$			 $ 	 							___________		______________ Cash Flows From Financing Activities 		$ - 	 $ - Increase in notes payable		 	$ 	 $ Payment of notes payable 			$ $ Net Cash Provided by Financing Activities 		$ $ 							____________		________________ $ - $ - Net Increase<Decrease> in Cash	 		$ 9,051 $ 17,069 Cash-Beginning of Year		 		$ 17,069 $ =0= Cash-End of Year		 		$ 26,120 	 	 $ 17,069 Supplementary Disclosure Cash Paid for Interest $ - $ - Cash Paid for Taxes		 		$ -		 $ - Non-cash Transactions Shares Issued for Services			 - - Shares Issued for Assets			 -	 - Notes to financial Statements 1 Alpha Generation Inc. Notes to Financial Statements Note 1 - Summary of Significant Accounting Policies Organization Alpha Generation Inc. ("the Company") was incorporated under the laws of the State of Texas on February 14, 1994 for the purpose to promote and carry on any lawful business for which a corporation may be incorporated under the laws of the State of Texas. The company has a total of 50,000,000 authorized common shares and 500,000 authorized preferred shares with a par value of zero and with 6,118,374 common shares issued and outstanding as of December 31, 2002 and 2001 and no preferred shares outstanding. In January of 1999, an amendment was filed with the Texas Secretary of State to add the authorized common shares to 50,000,000 and 500,000 preferred shares. On the 31st day of December 2001, the Company executed a "Reorganization Agreement" to acquire 100% of the outstanding shares of Trinidad Corporation ("Trinidad"), a Colorado corporation. Trinidad had no assets nor revenue prior to the merging with the Company. Principles of Consolidation These financial statements includes the accounts of the Company and Trinidad after the merger. All significant inter-company transactions and balances have been eliminated in consolidation. Federal Income Tax The Company has adopted the provisions of Financial Accounting Standards Board Statement No. 109, Accounting for Income Taxes. The Company accounts for income taxes pursuant to the provisions of the Financial Accounting Standards Board Statement No. 109, "Accounting for Income Taxes", which requires an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. 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 on 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. Accounting Method The Company's financial statements are prepared using the accrual method of accounting. Revenues are recognized when consulting engagements have been earned and completed and expenses when incurred on the related consulting engagements. Fixed assets are stated at cost. During 2000, the Company adopted the U.S. Securities and Exchange Commission's ("SEC") Staff Accounting Bulletin 101, "Revenue Recognition" ("SAB 101"), which provides guidance on the recognition, presentation, and disclosure of revenue in financial statements filed with the SEC. The adoption of SAB 101 did not have a material effect on the Company's business, financial condition, results of operations or cash flows. The Company believes that SAB 101 has been followed in the recognition of revenues. 6 Alpha Generation Inc. Notes to Financial Statements Note 1 - Summary of Significant Accounting Policies (con't) 	 Earnings per Common Share The Company adopted Financial Accounting Standards (SFAS) No. 128, "Earnings Per Share," which simplifies the computation of earnings per share requiring the restatement of all prior periods. Basic earnings per share are computed on the basis of the weighted average number of common shares outstanding during each year. Diluted earnings per share are computed on the basis of the weighted average number of common shares and dilutive securities outstanding. Dilutive securities having an anti-dilutive effect on diluted earnings per share are excluded from the calculation. Comprehensive Income Statement of Financial Accounting Standards (SFAS) No. 130, "Reporting Comprehensive Income," establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, SFAS No.130 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. The Company does not have any assets requiring disclosure of comprehensive income. Impairment of Long-Lived Assets The Company follows SFAS No. 121, "Accounting for Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of". The Statement requires that long-lived assets, liabilities and certain identifiable intangibles to be held and used by an entity be reviewed for impairment whenever events of changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Long-lived assets consist primarily of property and equipment and note receivable, and other assets. The recoverability of long-lived assets is evaluated at the operating unit level by an analysis of operating results and consideration of other significant events or changes in the business environment. If an operating unit has indications of impairment, such as current operating losses, the Company will evaluate whether impairment exists on the basis of undiscounted expected future cash flows from operations before interest for the remaining amortization period. If impairment exists, the carrying amount of the long-lived assets is reduced to its estimated fair value, less any costs associated with the final settlement. As of December 31, 2002 there was no impairment of the Company's long-lived assets. Marketable Securities In accordance with Statement of Financial Accounting Standards No. 115, "Accounting for Certain Investments in Debt and Equity Securities," (SFAS 115), the Company classifies its investment portfolio according to the provisions of SFAS 115 as either held to maturity, trading, or available for sale. At December 31, 1999, the Company classified its investment portfolio as available for sale and held to maturity. Securities available for sale are carried at fair value with unrealized gains and losses included in stockholders' equity. Gain or losses from the sale or redemption of the investments are determined using the specific identification method. 8 Alpha Generation Inc. Notes to Financial Statements Note 1 - Summary of Significant Accounting Policies (con't) Recent Accounting Pronouncements In June 2001, the FASB issued SFAS No. 143, "Accounting for Asset Retirement Obligations". SFAS No. 143 addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs. SFAS No. 143 is effective for fiscal years beginning after June 15, 2002. The Company does not expect that there will be a material impact from the adoption of SFAS No. 143 on its financial position, results of operations, or cash flows. In August 2001, the FASB issued SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets". SFAS No. 144 addresses financial accounting and reporting for the impairment or disposal of long-lived assets. It supersedes SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets To Be Disposed Of", and the accounting and reporting provisions of Accounting Principles Board Statement ("APB") 30, "Reporting the Results of Operations - Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions", for the disposal of a segment of a business. The Company is required to adopt SFAS No. 144 on October 1, 2002. The Company does not expect that the adoption of SFAS No. 144 will have a material effect on its financial position, results of operations or cash flows. In April 2002, the FASB issued SFAS No. 145, "Rescission of FASB Statements No. 4,44 and 64, Amendment of FASB Statement No. 13, and Technical Corrections". SFAS No. 145 requires the classification of gains and losses from extinguishments of debt as extraordinary items only if they meet certain criteria for such classification in APB No. 30, "Reporting the Results of Operations, Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual, and Infrequently Occurring Events and Transactions". Any gain or loss on extinguishments of debt classified as an extraordinary item in prior periods that does not meet the criteria must be reclassified to other income or expense. These provisions are effective for fiscal years beginning after May 15, 2002. Additionally, SFAS No. 145 requires sale-leaseback accounting for certain lease modifications that have economic effects similar to sale-leaseback transactions. These lease provisions are effective for transactions occurring after May 15, 2002. The Company does not expect the adoption of SFAS No. 145 to have a material effect on its financial position, results of operations or cash flows. In July 2002, the FASB issued SFAS No. 146 , "Accounting for Costs Associated with Exit or Disposal Activities". SFAS No. 146 replaces "Emerging Issues Task Force Issue No. 94-3, "Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring)". SFAS No. 146 requires companies to recognize costs associated with exit or disposal activities when they are incurred rather than at the date of a commitment to an exit or disposal plan. Examples of costs covered by the standard include lease termination costs and certain employee severance costs that are associated with a restructuring, discontinued operation, plant closing, or other exit or disposal activity. SFAS No. 146 is to be applied prospectively to exit or disposal activities initiated after December 31, 2002. The Company does not expect the adoption of SFAS No. 146 to have a material effect on its financial position, results of operations or cash flows. .. 9 Alpha Generation Inc. Notes to Financial Statements Note 2 - Common Stock The company has a total of 50,000,000 authorized common shares and 500,000 preferred shares without par value and with 6,118,374 common shares issued and outstanding and no preferred shares issued and outstanding as of December 31, 2002 and 2001. The preferred shares are non-assessable callable and non-voting. Note 3 - Income Taxes Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate. Deferred taxes arising from timing differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the timing differences are expected to reverse. The Company's previous principal temporary differences relate to revenue and expenses accrued for financial purposes, which are not taxable for financial reporting purposes. The Company's material temporary differences consist of bad debt expense recorded in the financial statements that is not deductible for tax purposes and differences in the depreciation expense calculated for financial statement purposes and tax purposes. Note 4 - Subsequent Events There were no other material subsequent events that have occurred since the balance sheet date that warrants disclosure in these financial statements. Item 2. Management's Discussion and Analysis of Financial Condition 	 and Results of Operations. 	Results of operations For the three month period ending March 31, 2003 the Company had sales of eight thousand four hundred seventy eight dollars ($8,478). Net income for the period was two thousand eighty one dollars ($2,081). This equates to earnings for this period of $0.0002 per share as compared to sales of four thousand nine hundred eighty eight dollars ($4,988) with a net loss of three hundred forty six dollars ($<346>) that equated to a loss of <nil> per share for the same period in 2002. 	Liquidity and capital resources The Company had total assets of forty thousand one hundred eighty one dollars ($40,181) with total liabilities of fifteen thousand seven hundred ninety five dollars ($15,795) producing a stockholders equity of twenty four thousand three hundred eighty six dollars ($24,386 ) at March 31, 2003. This compares to total assets of twenty six thousand seven hundred sixty seven dollars ($26,767) with total liabilities of ninety three hundred fifty one dollars ($9,351) producing a stockholders equity dollars ($17,416) at March 31, 2002. It is anticipated that increased sales and net earnings will provide cash requirements for the next fiscal three months. However, there can be no assurance that these activities will, in fact, provide the necessary working capital for the ensuing three months. 	This Form 10-QSB includes or may include certain forward-looking statements that involve risks and uncertainties. This Form 10-QSB contains certain forward-looking statements concerning the Company's financial position, business strategy, budgets, projected costs and plans and objectives of management for future operations as well as other statements including words such as "anticipate", "believe", "plan", "estimate", "expect", "intend" and other similar expressions. Although the Company believes it's expectations reflected in such forward-looking statements are based on reasonable assumptions, readers are cautioned that no assurance can be given that such expectations will prove correct and actual results and developments may differ materially from those conveyed in such forward-looking statements. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements in this Form 10QSB include, among others, the pace of technologicalchange, the Company's ability to manage growth and attract and retain employees, general business and economic conditions in the Company's operating regions, and competition and other factors all, as more fully described in the Company's report on Form 10-KSB for the period ended December 31, 2001 under Management's Discussion and Analysis of Financial Condition and Results of Operations " Assumptions Underlying Certain Forward-Looking Statements and Factors That May Affect Future Results" and elsewhere from time to time in the Company's SEC reports. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this Form10-QSB. If the Company does update or correct one or more forward looking statements,investors and others should not conclude that the Company will make additional updates or corrections with respect thereto or with respect to other forward-looking statements. Actual results may vary materially. PART II ITEM 2. None 	All other items in Part II are either not applicable to the Company during the current quarter, the answer is negative or a response has been previously reported and an additional report of the information is not required, pursuant to the instructions to Part II. 				 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 it's behalf by the undersigned, thereunto duly authorized on the tenth day of May, 2003. 	Alpha Generation, Inc. /S/ Donald E. West /S/ 	By ____________________________________ Dated: May 10, 2003 	 Donald E. West 	 President, Chief Executive Officer 	Certifications 	I, Donald E. West, certify that: 1. I have reviewed this quarterly report on Form 10-QSB of Alpha Generation, Inc.; 2. 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 this quarterly report; 3. 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 cash flows of the registrant as of, and for, the periods presented in this quarterly report; 4. The registrant's other certifying officers and I are responsible for establishing and maintaining Disclosure controls and procedure (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; 5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, To the registrants 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 the registrant's 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 6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not 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. 	Dated: June 20, 2003 	/s/ Donald E. West /S/ 	Donald E. West President, and Chief Executive Officer 	I, M. A. Ecclestone, certify that: 1. I have reviewed this quarterly report on Form 10-QSB of Alpha Generation, Inc.; 2. 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 this quarterly report. 3. 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; 4. The Registrant's other certifying officers and I are responsible for establishing and maintaining Disclosure controls and procedure (as defined in Exchange Act Rules 13a-14 and 15d-14 ) for the Registrant and have; 	(a) designed such disclosure controls and procedures to insure that material information relating to the Registrant, including its 	 consolidated subsidiaries, is made known to us by others within 	 those entities, particularily during the period in which this 	 quarterly report is being prepared; 	(b) evaluated the effectiveness of the Registrants disclosure controls 	 and procedures as of a date within ninety 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 proceedures based on 	 our evaluation as of the Evaluation Date; 5. The Registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the Registrant's auditors and the audit committee of the 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 Registrants ability to 	 record,process, summarize and report financial data and have 	 identified for the Registrant's auditors any material weaknesses in the Registrant's 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 6. The Registrant's other certifying officers and I have indicated in this quarterly report whether or not 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. 	Dated: June 20,2003 	/s/ M. A. Ecclestone /s/ 	____________________________ M. A. Ecclestone 	 Treasurer and Chief Financial Officer