SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                 FORM 10-QSB


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

      For the quarterly period ended   Septembr 30, 2002
                                       -----------------

                                     OR

[ ]   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  1-13588
                                               -------

                           THE WIDECOM GROUP INC.
- ---------------------------------------------------------------------------
           (Exact Name of Registrant as specified in Its Charter)

        ONTARIO, CANADA                            98-0139939
- ---------------------------------------------------------------------------
(State or Other Jurisdiction of       (I.R.S. Employer Identification No.)
 Incorporation or Organization)

37 GEORGE STREET NORTH, SUITE 103, BRAMPTON, ONTARIO, CANADA      L6X 1R5
- ---------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)

Registrant's Telephone Number, Including Area Code (905) 712-0505
                                                   --------------


- ---------------------------------------------------------------------------
             Former Name, Former Address and Former Fiscal Year,
                        If Changed Since Last Report.

      Indicate by check X whether the registrant: (1) has 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  (or for such shorter periods
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
                                -----     -----

      The number of shares outstanding of registrant's common stock as of
September 30, 2002 was 2,633,585 shares.

 1 of 9


                           THE WIDECOM GROUP INC.
                                 FORM 10-QSB
                                    INDEX

                                                                   Page No.
                                                                   --------

Part I Financial Information

Item 1 - Financial Statements

         Consolidated Balance Sheets -
         September 30, 2001 and September 30, 2002      3

         Consolidated Statements of Operations -
         Three months ended September 30, 2001
         and September 30, 2002                                            4

         Consolidated Statements of Cash Flows -
         Three months ended September 30, 2001
         and September 30, 2002                                           5


         Notes to Consolidated Financial Statements      6-7

Item 2 - Management's Discussion and Analysis of
         Financial Condition and Results of Operations   7-8

Part II Other Information

         None.

Signatures                                                                   9

 2 of 9


PART I FINANCIAL INFORMATION
The WideCom Group Inc.
Consolidated Balance Sheet
(in United States dollars)

                                                                                       September 30,
                                                                                 --------------------------
                                                                                  2001             2002
         - -------------------------------------------------------------------------------
--
114:
Current Assets                            Notes
Cash and cash equivalents                                7,771            25,118
Accounts receivable                                         423,194          229,153
Inventory                                           3                528,457          421,093
Prepaid expenses                                              21,263            35,182
Advances to related parties                            295,658          125,350
Deferred financing costs                                      9,802             -
                                                                                 ---------------------------

Total Current Assets                                      1,286,145          835,896

Capital Assets                              4                    620,963          553,145

Purchased research and
 development technology           5                       13,997                   -
Investment in affiliate                  6                                  -                    -
Total Assets                                                      1,921,105        1,389,041
-               -------------------------------------------------------------------------------

Liabilities & Stockholders' Equity

Current Liabilities
Bank indebtedness                                           120,609          111,387
Accounts payable & accrued liabilities          606,675          417,127
Loans from related parties                               737,981          878,323
Convertible debentures               5                   180,085          181,841
                                                                          -----------------------------------
Total Current Liabilities                                1,645,350        1,588,678
                                                                          -----------------------------------

Stockholders' Equity
Common shares
 5,000,000*  shares authorized
                                of no par value
 2,663,585*  shares issued
                               and outstanding on
                       September 30, 2001
 2,633,585*  shares issued
                               and outstanding on
                       September 30, 2002                       14,711,179       14,711,179
Contributed surplus                                                     159,825             159,825
Deficit                                                                       (14,595,249)     (15,070,641)
                                                                                  ----------------------------------------
                                                                                          275,755           (199,637)
                                                                                  ----------------------------------------
Total Liabilities & Stockholders' Equity                  1,921,105         1,389,041
                                -------------------------------------------------------------------------------


164:

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

 3 of 9


The WideCom Group Inc.
Consolidated Statements of Operations
(in United States dollars)

173:
                                                                    For the three months ended      For the six
                                                                    --------------------------------------
                                                                   Sept 30,       Sept 30,                   months ended
                                                                   2001             2002                         Sept 30, 2002
                                                                   (Unaudited)    (Unaudited)          (Unaudited)
- ----------------------------------------------------------------------------------------------------

Revenue

Product sales                                            147,879           204,033	343,593
Research and development grants            -                          -		      -
Interest income                                                131                      78	       218
                                                                 ----------------------------------------------------------------

Total Revenue                                           148,010           204,111                       343,811
                                                                 ----------------------------------------------------------------

Expenses
  Cost of product sales                               36,211             51,746	  88,864
  Research and development                   83,795             77,127	147,064
  Selling, general & administrative        121,106           131,848	241,226
  Interest and bank charges                        2,985                3,367	     6,912
  Management fees & salaries                 12,458             13,906	   27,729
  Amortization                                                31,810            14,350	   30,692
  Financing fees                                                -                          -	        -
  Obsolete inventory w/off		  -                   54,568	   54,568
  Foreign exchange loss (gain)                   4,850               4,041	     6,745
                                                                --------------------- -------------   ----------------------------

Total Expenses                                         293,215           350,953	603,800

Operating loss                                         (145,205)        (146,842)                     (259,989)

Legal settlement costs                                     -                        -	   -
Equity in loss of affiliate                           (84,650)                   -	   -
                                                               --------------------------------------------------------------------

Net loss for the period                          (229,855)          (146,842)	(259,999)
                                 - ------------------------------------------------------------------------------------------

Loss per common share, basic
 and diluted                                                    (0.09)                 (0.06)                             (0.10)
                                 - ------------------------------------------------------------------------------------------

Weighted average number of
        shares outstanding*                           2,633,585          2,633,585                     2,633,585
                                  - ------------------------------------------------------------------------------------------



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

 4 of 9


The WideCom Group Inc.
Consolidated Statements of Cash Flows
(in United States dollars)

236:
                                                                                                     For the six months ended
                                                                                                     -------------------------------
                                                                                                      Sept 30,             Sept 30,
                                                                                                      2001                   2002
                                                                                                     (Unaudited)        (Unaudited)
                                                - --------------------------------------------------------------------------------

Cash provided by (used in)

Operating Activities
Loss for the year                                                                              (417,182)          (259,989)
- -----------------
(Add (deduct) items not requiring a
          cash outlay
  Amortization                                                                                        55,437               30,692
  Foreign exchange loss (gain)                                                           2,492                  6,745
  Equity in loss of affiliate                                                                 159,193                     -

Net changes in non-cash
- -----------------------
  Working capital balances related to operations:
    Decrease (increase) in accounts receivable                            30,724                  3,301
    Decrease in research and development grants receivables    -                              -
    Decrease (increase) in inventory                                              215,102              112,949
    Increase (decrease) in accounts payable and
     accrued liabilities                                                                       (155,962)             (63,825)
    Increase (decrease) in prepaid expenses                                   1,201              (13,693)
                                                                                                          --------
                                                                                                  (108,995)           (183,820)

Investing Activities

Disposal (purchase) of capital assets                                                -                         (436)
Advances to related parties                                                               1,412	   111,908

                                                                                                                1,412	   111,472
                                                                                                                --------------------

Financing Activities

Deferred financing costs incurred                                                         -
Increase (decrease) in bank indebtedness                               (49,690)              11,652
Shares and warrants issued, net of issue costs                               -                          -
Loan from related parties                                                                92,496               74,512
Issuance of convertible debentures                                                     -                          -
                                                                                                             -------
                                                                                                      42,806              86,164
                                                                                                            --------
Effect of exchange rate change on cash                                         2,972                (6,746)
                                                                                                            ---------

Net increase (decrease) in cash during the period                  (61,805)                7,070

Cash and cash equivalents, beginning of the period                69,576               18,048
                                                                                                     ------------------------------

Cash and cash equivalents, end of the period                             7,771               25,118


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

The WideCom Group Inc.
Notes to Consolidated Financial Statements (Unaudited)
(in United States dollars)
September 30,2002
- ---------------------------------------------------------------------------

1.    Presentation of Interim Information
      In the opinion of Management, the accompanying unaudited financial
      statements include all normal adjustments necessary to present fairly
      the financial position at September 30,2002, and the results of
      operations for the three months ended September 30,2002 and 2001
      and cash flows for the six months ended September 30,2002. Interim
      results are not necessarily indicative of of results for full year.

      The condensed consolidated financial statements and notes are
      presented as permitted by Form 10QSB and do not contain certain
      information included in Widecom's audited consolidated financial
      statements and notes for the fiscal year ended March 31, 2002.

2.    Financial Statements
      The consolidated financial statements include the accounts of Widecom
      and its wholly owned subsidiary. All significant intercompany
      balances, transactions and stockholdings have been eliminated.

3.    Inventory
      Inventories are summarized as follows:

                                                                            September 30,           September 30,
                                                                            2001                             2002
                                                                             ------------------------------------------------

      Raw material                                                         442,987                       228,805
      Work-in-progress                                                    28,218                         18,713
      Finished goods                                                       57,252                       105,634
      R & D Inventory                                                              -                               52,941
                                                                            --------------------------------------------------
                                                                                        528,457                       406,093
                                                                            ----------------------------- --------------------


4.    Capital Assets
      Capital assets consist of:


                                                                September 30, 2001                  September 30, 2002
                                                               ----------------------                            ------------------
                                                                               Accumulated                           Accumulated
                                                         Cost                 Amortization         Cost               Amortization
                                                             -----------------------------------------------------------------------
		                	                                                    

      Machinery, plant & computer
              Equipment                       1,648,001              1,476,163       1,648,168             1,528,777
      Furniture and fixtures                  91,395                    77,682             91,395                  80,480
      Prototypes and jigs                   239,494                  146,663          239,494                161,682
      Land                                               45,806                         -                   45,806                 -
      Building under construction    298,785                         -                 299,221                    -
                                                       ------------------------------------------------------------------------
                                                         2,321,481              1,700,518       2,324,084            1,770,939
                                                       -------------------------------------------------------------------------
      Net book value                                                          620,963                                       553,145
                                                      ----------------------------------------------------------------------------


5.    Convertible Debentures
      During 1999, the Company conducted a private placement of ten
      specific investment units, each comprising 10,000 common shares
      and a three-year 12% convertible subordinated note in
      the amount of $20,000.  Interest payments are payable quarterly and
      conversion is available at an exercise price of $1.00 per share.
      One-half of the principal amount of the note is exercisable during
      the 30 day period commencing 180 days from the initial closing on
      February 19, 1999.  The remaining principal amount

 6 of 9


The WideCom Group Inc.
Notes to Consolidated Financial Statements
(in United States dollars)
June 30, 2001
- ---------------------------------------------------------------------------

5.    Convertible Debentures (cont'd)
      is convertible following 360 days after the initial closing.  During
      the fiscal year ended March 31, 2000, the Company issued the
      remaining one-half unit comprising of 5,000 common shares (see Note
      10(b)(x)) and a three-year 12% convertible subordinated note in the
      amount of $10,000.

      The Company is presently in default on the interest payments on the
      12% convertible debentures.  The consequences of this default has not
      been determined.

6.    Loans from Related Parties
      The loans from related parties are non-interest bearing, due on
      demand and were advanced to the Company in order to assist in certain
      working capital requirements.

7.    Bank indebtedness

      (a)   The company has an operating line of credit available for
	    approximately $100,000 which bears interest at Prime rate plus
            0.75%, is due on demand, and is secured by a general security
            agreement over all Company assets except real property.As at
            Sept 30,2002 approximately $99,925 was utilized.

      (b)   In February 2002, the Royal Bank of Canada (RBC) served through
            its attorneys a notice upon the Company demanding immediate
            repayment of the outstanding debt. A few weeks later RBC
            accepted a settlement offer made by the company's management.
            In April 2002, however , RBC reneged, and Widecom threatened
            legal action against RBC for breach of contract. In response,
            RBC agreed to consider WideCom revised offer(a) to make an
            intial payment of $20,000 CAN followed by a monthly payment
            of$5,000 CDN until the entire amount has been settled, and (b)
            a personal guarantee of $20,000 CDN by one of the executives
            of the Company. As of the date of Accountant's review report,
            the matter has remained unresolved, pending a firm response
            from RBC.

            In the event of non-acceptance by RBC of the Company's revised
	    offer, management may have to resort to legal action against
            the bank, the outcome whereof, at the present time (i.e. the
	    date of the accountant's review report) is extremely hard to
	    predict.


8.          Contingent Liabilities
        (a) In the prior years the Company had been served with a claim
	    with respect to an alleged breach of contract regarding the
            Company's rights under two specific joint venture and
            development agreements to use and distribute various
            iterations of software components allegedly the sole property
            of the claimant. The action claimed damages for the breach of
            contract along with copy right and trademark infringement. The
            claims sought a total of $15.85 million in damages and was in
            progress in the Province of Ontario. During the previous
            quarter to the quarter being reported on, the claim has been
            settled for $CDN 5,000 in cash and 100,000 shares in the
            company. These shares have not yet been issued and are not
            reflected in these financial statements or in these accompanying
            notes elsewhere.

            Several other claims against the Company are in various stages
            of litigation. In management's opinion, these claims are not
            material and accordingly no provision has been made in the
            consolidated financial statements.

            Loss, if any,on the above claims will be recorded when settlement
            is probable and the amount of the settlement is estimable.

	(b) The Company's wholly owned subsidiary, Indo Widecom International
            Ltd, in India has not met export obligations for the fiscal year
            which may result in additional customos duty levied by the
            authorities in India. As at the year end, this amount was not
            determinable.

 7 of 9


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

      Since inception, we have generated limited revenues from operations
and have not yet achieved significant profitability. Our revenues are
primarily derived from product sales that are recognized for accounting
purposes when products are shipped.  We have limited revenue from
operations, significant losses and have a significant deficit.  Due to
limited cash resources, we have often relied on cash infusions from
management to meet ongoing obligations.  There is no certainly that such
access to funds will be available to us in the future.  In order to reduce
our losses, we have significantly reduced Selling, General and
Administrative costs.  We expect this to have a reduction on sales.

      While we received government grants in the past, we do not meet the
required pre-qualification for such grants subsequent to conducting its
public offering. In consideration of this fact, we shifted our research and
development to an affiliated joint venture based in Montreal, Canada.

      In February 2000, we established a majority-owned subsidiary,
Posternetwork.COM Inc., to engage in the business line of offering an
online printing service. Posternetwork is currently engaged in
organizational and financing activities.

Results of Operations
Quarter Ended Sept 30, 2002 Compared to Quarter Ended Sept 30, 2001

      Sales for the quarter ended Sept 30, 2002 were $204,033, an increase of
$56,154 as compared to $147,879 for the quarter ended Spet 30, 2001.  Net
Revenues for the quarter ended Spet 30, 2002 were $152,365, an increase of
$40,566 as compared to $111,799 for the quarter ended Sept 30, 2001. The
company is making efforts to increase the sales by exploring the market
in other countries.

      Operating expenses for the quarter ended Spet 30, 2002 were $299,207
an increase of $42,203, as compared to $257,004 for the quarter
ended Sept 30, 2001.  Selling, general and administrative expenses for the
quarter ended Sept 30, 2002 were $131,848, increased by $10,742, or 9%
versus the same period in the previous fiscal year. This increase in
selling, general and administrative expenses is due to higher marketing and
other related expeses for penetrating the products in overseas markets.

        Due to best efforts, the company could maintain losses to $146,842 for
the quarter ended Sept 30, 2002 as compared to $145,205 of Sept 30, 2001.

      Our cash requirements in connection with manufacturing and marketing
will continue to be significant. We do not have any material commitments
for capital expenditures. We believe, based on our current plans and
assumptions relating to our operations, projected cash flow from operations
may not be sufficient to satisfy our contemplated cash requirements for the
foreseeable future. We have relied on investments from management to cover
our short falls in the last fiscal year, such investment may not be
available to us in the future.  In the event that our plans or assumptions
change, or prove to be incorrect, or if the projected cash flows otherwise
prove to be insufficient to fund operations (due to unanticipated expenses,
delays, problems or otherwise), we could be required to seek additional
financing sooner than currently anticipated. There can be no assurance that
this additional financing will be available to us when needed, on
commercially reasonable terms, or at all.

Nasdaq

      The Company's Common Stock was delisted from the Nasdaq Small Cap
Market effective the close of business April 10, 2001 for failure to meet
certain minimum net tangible asset requirements.  The stock continues to
trade on the OTC Bulletin Board.

 8 of 9


PART II:  OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS.
          -See Contingent Liabilities.

ITEM 2.   CHANGES IN SECURITIES.
          No material change.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
          None.

ITEM 5.   OTHER INFORMATION.
          None.

ITEM 6.   REPORTS ON FORM 8-K and EXHIBITS
          None

                                 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 thereunto duly authorized.

                                       THE WIDECOM GROUP INC.


November 15, 2002                      /s/Suneet S. Tuli
- ------------------                      ----------------------
Date                                      Suneet S. Tuli,
                                          Executive Vice President


November 15, 2002                      /s/Raja S. Tuli
- ------------------                      ----------------------
Date                                      President, C.E.O