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

                                   FORM 10-QSB

(Mark One)

[X]  Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
     of 1934 for the quarterly period ended September 30, 2003

[ ]  TRANSITION  report  under  Section  13 or  15(d)  of the Exchange Act
     of 1934

                 For the transition period from ______ to ______


                         Commission file number 0-27145
                                                -------

                           1st NET TECHNOLOGIES, INC.
                 ----------------------------------------------
               (Exact name of small business issuer in its charter)


          Colorado                                       33-0756798
-------------------------------             ------------------------------------
(State or jurisdiction of                   (I.R.S. Employer Identification No.)
 incorporation or organization)


                             1869 W. Littleton Blvd.
                               Littleton, CO 80120
                    ----------------------------------------
                    (Address of principal executive offices)


                                 (303) 738-8994
                           ---------------------------
                           (Issuer's telephone number)

Indicate by check mark 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 period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [ X ] No [ ]

As of October 31, 2003, there were 6,395,357 shares of the Registrant's common
stock outstanding.


<PAGE>
<TABLE>
<CAPTION>

                                     INDEX
<S>                                                                               <C>
                                                                                   Page
                                                                                   ----
PART 1 - FINANCIAL INFORMATION

     Item 1.  Financial Statements

     Condensed consolidated balance sheet, September 30, 2003 (unaudited)..........  3
     Condensed consolidated statements of operations, three and nine months
        ended September 30, 2003 (unaudited) and 2002 (unaudited)..................  4
     Condensed consolidated statements of cash flows, nine months
        ended September 30, 2003 (unaudited) and 2002 (unaudited)..................  5
     Notes to unaudited condensed consolidated financial statements................  6

     Item 2.  Management's Discussion and Analysis or Plan of Operation............  7

     Item 3.  Controls and Procedures..............................................  9

PART 2 - OTHER INFORMATION

     Item 1.  Legal Information....................................................  9
     Item 2.  Changes in Securities................................................ 10
     Item 3.  Defaults Upon Senior Securities...................................... 10
     Item 4.  Submission of Matters to a Vote of Security Holders.................. 10
     Item 5.  Other Information.................................................... 10
     Item 6.  Exhibits and Reports on Form 8-K..................................... 10

     Signatures.................................................................... 10
</TABLE>



<PAGE>
                           1ST NET TECHNOLOGIES, INC.
                      Condensed Consolidated Balance Sheet
                                  (Unaudited)

                               September 30, 2003



                                     Assets
Current assets:
    Cash.................................................... $       483
    Marketable securities...................................      22,591
    Note receivable.........................................      45,000
                                                             -----------
                  Total current assets......................      68,074

Investment, at cost.........................................         500
Idle equipment, net.........................................       2,000
                                                             -----------

                                                             $    70,574
                                                             ===========

                     Liabilities and Shareholders' Deficit
Current liabilities:
    Accounts payable and accrued liabilities................ $   148,110
    Indebtedness to related parties (Note B)................      72,080
    Lease obligations.......................................     197,215
    Accrued payroll and payroll taxes.......................      93,791
    Restructuring reserve...................................     163,668
                                                             -----------
                  Total current liabilities.................     674,864
                                                             -----------

Shareholders' deficit:
    Preferred stock.........................................           -
    Common stock............................................       6,395
    Additional paid-in capital..............................   6,093,485
    Accumulated deficit.....................................  (6,647,495)
    Accumulated other comprehensive income:
       Unrealized holding loss on marketable securities.....     (56,675)
                                                             -----------

                  Total shareholders' deficit...............    (604,290)
                                                             -----------

                                                             $    70,574
                                                             ===========



     See accompanying notes to condensed consolidated financial statements

                                       3

<PAGE>
                           1ST NET TECHNOLOGIES, INC.
                Condensed Consolidated Statements of Operations
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                                  Three Months Ended              Nine Months Ended
                                                                    September 30,                    September 30,
                                                            ------------------------------   ------------------------------
                                                                2003            2002             2003            2002
                                                            --------------  --------------   --------------  --------------
<S>                                                         <C>              <C>                      <C>      <C>
Costs and expenses:
    Selling, general and administrative expenses............$        1,561   $        21,735          5,010    $      90,622
                                                            --------------   ---------------    -----------    -------------
                   Loss from operations                             (1,561)          (21,735)        (5,010)         (90,622)
Other income (expense):
    Realized gain/(loss) on sale of investments.............             -                 -              -          118,562
    Interest expense........................................             -                 -              -               (5)
    Gain on sale of assets..................................         4,102                 -         15,842                -
    Other income............................................             -               270             --              270
                                                            --------------   ---------------    -----------    -------------
                   Income (loss) before income taxes........         2,541           (21,465)        10,832           28,205

Provision for income taxes (Note C)........................              -                 -              -                -
                                                            --------------   ---------------    -----------    -------------
                   Net income (loss)........................$        2,541   $       (21,465)        10,832    $      28,205
                                                            ==============   ===============    ===========    =============
Basic and diluted income (loss) per share...................$         0.00   $         (0.00)          0.00    $        0.00
                                                            ==============   ===============    ===========    =============
Weighted average common shares outstanding..................     6,395,357         6,393,392      6,395,357        6,393,392
                                                            ==============   ===============    ===========    =============
</TABLE>


     See accompanying notes to condensed consolidated financial statements

                                       4

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<TABLE>
<CAPTION>

                           1ST NET TECHNOLOGIES, INC.
                Condensed Consolidated Statements of Cash Flows
                                  (Unaudited)


                                                                           For The Nine Months Ended
                                                                                September 30,
                                                                       -------------------------------
                                                                              2003           2002
                                                                       --------------  ---------------
<S>                                                                    <C>              <C>
                      Net cash used in
                         operating activities..........................$     (42,486)   $     (91,045)
                                                                       --------------  ---------------
Cash flows from investing activities:
    Proceeds from receipt of notes and loans receivable................       15,842            8,330
    Proceeds from sale of marketable securities, net...................            -          163,315
                                                                       --------------  ---------------
                      Net cash provided by
                         investing activities..........................       15,842          171,645
                                                                       --------------  ---------------
Cash flows from financing activities:
    Repayment of notes payable.........................................            -          (85,000)
    Proceeds from related party loans (Note B).........................       30,002                -
    Repayment of related party loans (Note B)..........................       (3,000)               -
                                                                       --------------  ---------------
                      Net cash provided by (used in)
                         financing activities..........................       27,002          (85,000)
                                                                       --------------  ---------------
                         Net change in cash............................          358           (4,400)

Cash, beginning of period..............................................          125            4,582
                                                                       --------------  ---------------
Cash, end of period....................................................$         483    $         182
                                                                       ==============  ===============

Supplemental disclosure of cash flow information:
    Interest...........................................................$           -    $           -
                                                                       ==============  ===============
    Income taxes.......................................................$           -    $           -
                                                                       ==============  ===============
</TABLE>


    See accompanying notes to condensed consolidated financial statements


                                        5


<PAGE>
                           1ST NET TECHNOLOGIES, INC.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                                   (Unaudited)

Note A:  Basis of presentation
         ---------------------

The interim financial statements presented herein have been prepared pursuant to
the rules and regulations of the Securities and Exchange Commission. Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting principles have been
condensed or omitted pursuant to such rules and regulations. The interim
financial statements should be read in conjunction with the Company's annual
financial statements for the year ended December 31, 2002, notes and accounting
policies thereto included in the Company's Annual Report on Form 10-KSB as filed
with the SEC.

The accompanying condensed consolidated financial statements include the
accounts of the Company and its wholly owned subsidiary, SSP Management
Corporation ("SSP"). Intercompany transactions and balance were eliminated in
consolidation.

In the opinion of management, all adjustments (consisting only of normal
recurring adjustments) which are necessary to provide a fair presentation of
operating results for the interim period presented have been made. The results
of operations for the periods presented are not necessarily indicative of the
results to be expected for the year.

Interim financial data presented herein are unaudited.

Note B: Related Party
        -------------

The Company borrowed funds totaling $30,002 for working capital from four
affiliates during the nine months ended September 30, 2003. Borrowings from the
affiliates are non-interest bearing. At December 31, 2002, the Company owed the
affiliates $45,078. During the nine months ended September 30, 2003, the Company
also repaid the affiliates $3,000. The balance of $72,080 owed to the affiliates
at September 30, 2003 is included in the accompanying condensed consolidated
financial statements as "Indebtedness to Related Parties".

Note C: Income Tax
        ----------

The Company records its income taxes in accordance with Statement of Financial
Accounting Standard No. 109, "Accounting for Income Taxes". The Company has
incurred significant net operating losses since inception resulting in a
deferred tax asset, which was fully allowed for; therefore, the net benefit and
expense resulted in $-0- income taxes.


                                       6
<PAGE>

                                     Part I

ITEM II: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

The following discussion should be read in conjunction with the consolidated
financial statements and notes thereto. In addition to historical information,
this Quarterly Report on Form 10-QSB contains forward-looking statements that
involve risks and uncertainties that could cause actual results to differ
materially. Factors that might cause or contribute to such differences include,
but are not limited to; those discussed in the section entitled "Risks and
Uncertainties." You should carefully review the risks described in other
documents we file from time to time with the Securities and Exchange Commission,
including future Quarterly Reports on Form 10-QSB to be filed in 2003. When used
in this report, the words "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "targets," "estimates," and similar expressions are
generally intended to identify forward-looking statements. You should not place
undue reliance on these forward-looking statements, which speak only as of the
date of this Quarterly Report on Form 10-QSB. We undertake no obligation to
publicly release any revisions to the forward-looking statements or reflect
events or circumstances after the date of this document.

OVERVIEW

The Company maintains no current business operations, other than to manage its
remaining assets and liabilities. The Company currently has no on-going revenue
generating sources. The Company's main efforts continue to be centered on an
attempt to satisfy the claims of our various creditors. The Company has
consulted with a Corporate Bankruptcy/Reorganization Specialist in order to
determine which course of action would provide the Company with the opportunity
to remain as a going concern. Until the Company feels that it can no longer
negotiate a settlement with its remaining creditors, no definitive decision will
be made with regard to this course of action. It should be anticipated, however,
that the Company might have to seek either creditor protection or, possibly,
liquidation at some point in the future.

The Company maintains one subsidiary corporation; SSP Management Corp ("SSP"),
which is wholly-owned. Our historical financial information contained in this
Form 10-QSB is that of 1st Net Technologies, Inc. and SSP on a consolidated
basis.

RESULTS OF OPERATIONS

     Operating expenses

The Company currently maintains minimal operating expenses, mostly relating to
accounting expenses and SEC filing fees.

     Other income and expense

The Company will recognize additional gains from the assets sold in prior years,
as the proceeds are received on the notes receivable and option agreements from
the respective buyers. The Company has chosen to recognize the gain on sale of
the newsletter in accordance with the installment method due to the
uncertainties involved with the receipt of future payments from the buyer(s).
During the nine months ended September 30, 2003, the Company collected $15,842
from the sale of the newspaper.

                                       7
<PAGE>
The realized gain recognized during the nine months ended September 30, 2002,
which totals $118,562, was the result of a gain on the CTG investment sold
during 2001. On July 11, 2001, the Company issued an option (Option #1) to
purchase 1,250,000 common shares of its holdings in Children's Technology Group
to DOC Partners, LLC (DOC) of Golden, Colorado. The option carried a strike
price of $0.125 per share. On February 11, 2002, DOC exercised that option by
issuing a check to the Company. On January 11, 2002, the Company agreed to issue
a second and final option (Option #2) to DOC for 1,370,114 common shares at an
exercise price of $0.225 per share. This option expired on January 11, 2003. At
September 30, 2003, the Company holds 2,120,114 common shares in Children's
Technology Group.

LIQUIDITY AND CAPITAL RESOURCES

At September 30, 2003 the Company had $68,074 in total current assets from which
to pay its obligations. The Company's current liabilities total $674,864, which
includes capital lease obligations of $197,215 and payroll tax accruals of
$93,791. At September 30, 2003, the Company had a cash balance of $483.

On a going forward basis, 1st Net and its 100 percent owned subsidiary SSP
continue to maintain several holdings of restricted and marketable securities.
It is not possible, however, to ascertain the actual value that will be
eventually realized by the Company when these securities are sold.

RISKS AND UNCERTAINTIES

The future of our Company will depend, largely, on our ability to successfully
develop or acquire new products or services. There is no assurance, however,
that we will be successful in achieving market acceptance of any such new
products or services that we develop or acquire. Any failure or delay in
diversifying our existing offerings could further harm our business, results of
operations and financial condition.

We face increasing competition from better-established companies that have
significantly greater resources. Many of our current and potential competitors
could enjoy substantial competitive advantages, such as:

     *  Greater corporate name recognition and larger marketing budgets and
        resources;
     *  Established marketing relationships and access to larger customer
        bases; and
     * Substantially greater financial, technical and other resources.

In order to be successful we may need to seek out, identify, and negotiate
certain favorable terms with an existing business entity or concept whose
operations may be a good fit for the Company. However, problems commonly
associated with such a transaction may eventually cause us to fail. Our future
success will depend in part upon the ability of our management to effectively
negotiate such a transaction. Such a transaction may require us to hire and
train additional personnel to manage the expanded operations. In addition, we
will be required to continue to improve our operational, financial and
management controls and our reporting systems and procedures. If we fail to
successfully manage these processes, we may be unable to proceed forward as a
going concern. If we acquire any companies or technologies in the future, they
could prove difficult to integrate, disrupt our business, dilute shareholder
value and adversely affect operating results. We may acquire or make investments
in complementary companies, services and technologies in the future. As a
result, if we fail to properly evaluate and execute acquisitions or investments,
our business and prospects will be seriously harmed.

If we have to go to court and litigate for any reason, it will be time consuming
and expensive. Therefore, the threat of creditor lawsuits could adversely affect
the Company's ability as a going concern.
                                       8
<PAGE>
In the future, we may seek to license additional technology or content in order
to enhance our current features or to introduce new services. There can be no
assurance that any such licenses will be available on commercially reasonable
terms, if at all. The loss of or inability to obtain or maintain any of these
technology licenses could result in delays in introduction of new services until
equivalent technology, if available, is identified, licensed and integrated,
which could have a material adverse effect on our business, results of
operations and financial condition.

We are not sure of the scope or the impact on us of all of the laws, rules and
regulations that are likely to affect our business in the future.

The securities industry in the United States is subject to extensive regulation
under both federal and state laws. In addition, the Securities and Exchange
Commission (the "Commission"), the NASD, various stock exchanges, and other
regulatory bodies, such as state securities commissions, require strict
compliance with their rules and regulations. As a matter of public policy,
regulatory bodies are charged with safeguarding the integrity of the securities
and other financial markets and with protecting the interests of customers
participating in those markets. Our failure to comply with any of these laws,
rules or regulations could result in censure, fine, the issuance of a
cease-and-desist orders, any of which could have a material adverse effect on
our business, financial condition and operating results.

                                               Part I.

Item III.  CONTROLS AND PROCEDURES

(a)  Evaluation of disclosure controls and procedures.
     -------------------------------------------------
     We maintain controls and procedures designed to ensure that information
     required to be disclosed in the reports that we file or submit under the
     Securities Exchange Act of 1934 is recorded, processed, summarized and
     reported within the time periods specified in the rules and forms of the
     Securities and Exchange Commission. Based upon their evaluation of those
     controls and procedures performed within 90 days of the filing date of this
     report, our chief executive officer and the principal financial officer
     concluded that our disclosure controls and procedures were adequate.

(b)  Changes in internal controls.
     -----------------------------
     There were no significant changes in our internal controls or in other
     factors that could significantly affect these controls subsequent to the
     date of the evaluation of those controls by the chief executive officer and
     principal financial officer.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

As reported in our filed annual report, we decided to settle our pending
litigation against Millennium Financial Publishing, LLC ("MFP") in February
2002. MFP has so far chosen not to honor the stipulations of this settlement and
thus no compensation has been received by the Company as a result of this
action. The Company has chosen, at this time, not to expend the resources
necessary to pursue this action, although we may pursue this suit in the future.

The Company was a party to the following lawsuit:

     In October, 2002, the Company entered into a representation agreement with
the Law Office of Roy R. Withers, of San Diego, California, to represent the
Company in a civil action against Mitchell & Shea, attorneys at law, for misuse
of name and related damages. This action stems from the dismissal of the Company
pursuant to item #2 above, whereby the Company is seeking to recoup the fees and
expenses it had to expend to defend itself in that suit. The Company is also
asking the Court for punitive damages related to this case. The case is still
pending as of September 30, 2003.

                                       9
<PAGE>
ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

No events occurred during the quarter covered by this Quarterly Report that
would require response to this item.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No events occurred during the quarter covered by this Quarterly Report that
would require response to this item.

ITEM 4. OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matters were submitted to a vote of security holders during the quarter
covered by this Quarterly Report.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits

          1. 31: Certification

          2. 32: Certification Pursuant to 18 U.S.C. Section 1350, as adopted
                 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

     (b) Reports on Form 8-K

                  None.

                                    SIGNATURE

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned thereunder duly authorized.


                                      1st NET TECHNOLOGIES, INC.

Dated: October 31, 2003               By: /s/ James H. Watson, Jr.
                                    -------------------------------
                                      James H. Watson, Jr.
                                Its:  Principal Executive Officer and Principal
                                      Accounting Officer of the Registrant




                                       10
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