8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934


     Date of Report (Date of earliest event reported): January 24, 2003


                         CANTERBURY CONSULTING GROUP, INC.
                        ---------------------------------
             (Exact name of registrant as specified in its charter)

         Pennsylvania                                    23-2170505
- -------------------------------          -------- -----------------------
(State of Incorporation)                 (IRS Employer Identification Number)


                               352 Stokes Road
                                  Suite 200
                          Medford, New Jersey  08055
                  (Address of principal executive offices)

                    Telephone Number:  (609) 953-0044








ITEM 5. OTHER EVENTS

     On January 14, 2003, the Board of Directors declared a one for seven
Reverse Stock Split of Canterbury Consulting Group, Inc. Common Stock (for every
seven (7) shares, the shareholders would receive one (1) share.)  Any
fractional shares that result from the split will be rounded up to the next
whole share.  The new stock certificates would be issued in the normal course of
business whenever the appropriate transfer was requested by the Shareholders.
The authorized shares and the par value would remain the same.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS AND EXHIBITS


      (a)  Financial statements of business acquired
           Not applicable

      (b)  Pro forma financial information
           Not applicable

      (c)  Exhibits

           Number                   Description

            99.1    The Company's news release, issued on January
                    21, 2003, relating to the reverse stock split



                             SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         CANTERBURY CONSULTING GROUP, INC.

                                      BY: /s/ Kevin J. McAndrew
                                         ----------------------------
                                         Kevin J. McAndrew, President

Dated: January 24, 2003

EX-99.1 CHARTER

                   CANTERBURY CONSULTING GROUP, INC.
             352 Stokes Road, Suite 200, Medford, NJ  08055


                 CANTERBURY ANNOUNCES REVERSE SPLIT

Medford, NJ - January 21, 2003

Canterbury Consulting Group, Inc. (NASDAQ:CITI) announced today that its
Board of Directors, faced with the possibility of losing Canterbury's NASDAQ
SmallCap listing because of NASDAQ's minimum stock price listing requirements,
has voted to reverse split its common stock on a one for seven basis.  The
split will take affect January 24, 2003. At that time, Canterbury's common
stock will trade under the symbol "CITID" for a period of 20 days, and will
resume trading under "CITI" after that.  This action by Canterbury Consulting
Group, Inc.'s Board of Directors will reduce Canterbury's issued and
outstanding shares from 12,130,712 to 1,732,959.

The purpose of the reverse stock split is to increase the average trading
price of CITI's common stock in order to regain compliance with the
continued listing standards of the NASDAQ SmallCap Market, which requires,
among other things, that the Company's common stock maintain a closing bid
price of a minimum of $1.00 per share. Currently, the Company's common stock
is trading at a bid price below $1.00 per share, and to regain compliance
with the SmallCap Market's continued listing standards, the Company must
attain a closing bid price of $1.00 minimum per share for ten consecutive
trading days prior to February 13, 2003.

"We believe that it is in the best interests of our shareholders to have
the Company's common stock remain listed on the NASDAQ SmallCap Market,"
commented Kevin J. McAndrew, Canterbury's President and Chief Executive
Officer. "We believe our shareholders will benefit from the visibility and
trading dynamics of the NASDAQ SmallCap Market."

About Canterbury Consulting Group, Inc.
- ----------------------------------------
Canterbury Consulting Group, Inc. provides broad-based information
technology and management consulting services and training to both commercial
and government clients (primarily state and local governments).

Canterbury's focus is to become an integral part of its clients' management
and technical infrastructure, designing and applying the best products and
services to help them achieve a competitive advantage.

Canterbury offers the following technology solutions:
* Project management                       * Hardware sales and support
* System engineering and consulting        * Permanent and temporary IT staffing
* Distance learning solutions (e-Learning) * Technical and desktop applications
                                             training
* Customized learning solutions for ERP    * Help desk and service center
  & CRM                                      support
* Management training programs             * Records and asset tracking
                                             management system software
                                             and hardware


For more information, visit www.canterburyconsultinggroup.com.

In addition to historical facts or statements of current condition,
this press release may contain forward-looking statements. The
Company's performance and financial results could differ materially
from those reflected in the forward-looking statements due to general
financial, economic, regulatory and political conditions or additional
factors unknown to the Company at this time, as well as more specific
risks and uncertainties such as those set forth in documents filed by
the Company with the SEC (including, but not limited to, its most
recent reports on Form 8-K, Form 10-Q and Form 10-K, copies of which
are available upon request or over the Internet at www.sec.gov).
Given these risks and uncertainties, any or all of these
forward-looking statements may prove to be incorrect. Therefore,
current or prospective investors are cautioned not to place undue
reliance on any such forward-looking statements. Furthermore, the
Company has no intent, and disclaims any obligation, to update any
 such factors or forward-looking statements to reflect
future events or developments.

Contact:
Matthew Hayden
President
Hayden Communications, Inc.
760-487-1137
843-272-4653



An investment package including financial statements is available
from the Company.  Public filings can be obtained electronically
online via www.sec.gov.