United States


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549





FORM 10-QSB





Commission File Number: 000-28881





For the Third Quarter ended June 30, 2003





Oasis Entertainment's Fourth Movie Project, Inc.








**Nevada**
**88-0403762**(Jurisdiction of Incorporation)
(I.R.S. Employer Identification No.)**24843 Del Prado, Suite 326 Dana Point, California**
**92629**(Address of principal executive offices)
(Zip Code)**(949) 487-7295**Registrant's telephone number, including area code







Securities registered pursuant to Section 12(b) of the Act:   None





Securities registered pursuant to Section 12(g) of the Act:   Common Stock





As of June 30, 2002, 49,934,776 shares of the Registrants Common Stock were issued and outstanding.





Transitional Small Business Disclosure Format (check one): yes r no x








PART I: FINANCIAL INFORMATION





Item 1. Financial Statements .





The financial statements, for the three months and nine months ended June 30, 2003, included herein have been prepared by the Company, without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnotes disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading.








The Remainder of this Page is Intentionally left Blank




**Page - 1**








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





(a) Plan of Operation for the next twelve months. We expect to remain inactive for the next tweleve months. We have no business or operations.





(b) Discussion and Analysis of Financial Condition and Results of Operations. We have recorded no revenues in recent or comparable period. Our operating expenses for the recent past quarters  has consisted substantially of legal and professional expenses in connection with our Federal and State filing requirements. Some additional non-recurring expenses have been incurred in connection with unsuccessful acquistions.









PART II: OTHER INFORMATION





Item 1. Legal Proceedings. None.





Item 2. Changes in Securities. None.





Item 3. Defaults on Senior Securities. None.





Item 4. Submission of Matters to Vote of Security Holders . None.





Item 5. Other Information . None.





Item 6. Exhibits and Reports on Form 8-K. None







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, and in the capacities indicated.








Oasis Entertainment's Fourth Movie Project, Inc.


Dated: August 11, 2003





by










/s/Luke C. Zouvas
















**Page - 2**












Exhibit 31











**Page - 3**




CERTIFICATIONS Pursuant to Section 302
  I, Luke C. Zouvas , certify that:
  1. I have reviewed this quarterly report on Form 10-QSB of Oasis Entertainments Fourth Movie Project 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 the period covered by 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 procedures (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 registrant's 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 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 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.
  Date: August 11, 2003
 /s/Luke C. Zouvas
Luke C. Zouvas
Custodian




**Page - 4**










Exhibit 32










**Page - 5**










CERITIFICATION PURSUANT TO 18 USC SECTION 1350













CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,


AS ADOPTED PURSUANT TO SECTION 906 OF THE


SARBANES-OXLEY ACT OF 2002








CERTIFICATION OF CUSTODIAN




In connection with the Quarterly Report of Oasis Entertainments Fourth Movie Project, Inc. , a Nevada corporation (the "Company"), on 10-QSB for the June 30, 2003 as filed with the Securities and Exchange Commission (the "Report"), I, Luke C. Zouvas, Custodian of the Company, certify, pursuant to 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350), that to my knowledge:










(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and





(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.





/s/Luke C. Zouvas
Luke C. Zouvas
Custodian


August 11, 2003





**Page - 6**




**Oasis Entertainment Fourth Movie Project, Inc**.


(a Development Stage Company)


Balance Sheets








June 30,


September 30,2003


2002ASSETS(Unaudited)Current AssetsCash

$
-

$
-Total Current Assets


-


-Property & Equipment, Net


-


-Total Assets

$
-

$
-LIABILITIES AND STOCKHOLDERS' EQUITYCurrent LiabilitiesNotes Payable - Related Party


501,456


399,654Total Current Liabilities


501,456


399,654Total Liabilities


501,456


399,654Stockholders' EquityCommon Stock, Authorized 100,000,000 Shares of $.001 Par Value,49,934,776 and 24,934,776 shares issued and outstanding respectively


49,935


24,934Additional Paid in Capital


757,047


752,546Accumulated Deficit


(1,308,438
)

(1,177,134
)Total Stockholders' Equity


(501,456
)

(399,654
)Total Liabilities and Stockholders' Equity

$
-

$
-




The accompanying notes are an integral part of these financial statements.






**Page - 7**






**Oasis Entertainments Fourth Movie Project, Inc.**


(a Development Stage Company)


Statements of Operations


(Unaudited)









For the nine


For the nine


For the three


For the three


From Inceptionmonths ended


months ended


months ended


months ended


on April 9, 1998June 30,


June 30,


June 30,


June 30,


thru June 30,2003


2002


2003


2002


2003Revenues

$
-

$
-

$
-

$
-

$
-Operating ExpensesGeneral & Administrative


126,804


182,807


36,473


11,185


740,968Total Operating Expenses


126,804


182,807


36,473


11,185


740,968Operating Income (Loss) before discontinued operations


(126,804
)

(182,807
)

(36,473
)

(11,185
)

(740,968
)(Loss) from discontinued operations


-


(204,725
)

-


(204,725
)

(283,203
)(Loss) from disposal of discontinued operations


-


-


-


-


(115,947
)Net (loss) from operations


(126,804
)

(387,532
)

(36,473
)

(215,910
)

(1,140,118
)Other Income (Expense)Impairment Loss














(168,430
)Miscellaneous Income


-


-


-


-


(52,288
)Interest Expense


(4,500
)

-


-


-


52,398Total Other Income (Expense)


(4,500
)

-


-


-


(168,320
)Net Income (Loss)

$
(131,304
)
$
(387,532
)
$
(36,473
)
$
(215,910
)
$
(1,308,438
)Net Income (Loss) Per Share

$
(0.00
)
$
(0.01
)
$
(0.00
)
$
(0.00
)
$
(0.04
)Weighted Average Shares Outstanding


40,777,267


73,948,264


49,934,776


72,299,914


30,394,316













**Page - 8**






**Oasis Entertainment Fourth Movie Project, Inc.**


(a Development Stage Company)


Statements of Cash Flows


(Unaudited)









From inceptionFor the nine months ended


on April 9, 1998June 30,


June 30,2003


2002


2003Cash Flows from Operating ActivitiesNet Income (Loss)

$
(131,304
)
$
(387,532
)
$
(1,308,438
)Adjustments to Reconcile Net Loss to Net CashProvided by Operations:Bad debt expense


-


-


46,300Stock Issued for Services


22,502


-


283,774Stock issued to reduce payables


2,500


-


2,500Interest on notes payable - related party


4,500


-


39,708Change in Assets and Liabilities


-


-


-(Increase) in interest receivable


-


-


(42,995
)Increase (Decrease) in Accounts Payable and Accrued Expenses


101,802


387,532


499,797Net Cash Provided(Used) by Operating Activities


-


-


(479,354
)Cash Flows from Investing ActivitiesCash paid for investments


-


-


(255,000
)Net Cash Provided (Used) by Investing Activities


-


-


(255,000
)Cash Flows from Financing ActivitiesPayments paid on notes receivable - related parties


-


-


(246,300
)Principal received on notes receivable - related parties


-


-


100,000Proceeds received on notes payable - related parties


-


-


399,654Common stock issued for cash


-


-


481,000Net Cash Provided(Used) by Financing Activities


-


-


734,354Increase (Decrease) in Cash


-


-


-Cash and Cash Equivalents at Beginning of Period


-


-


-Cash and Cash Equivalents at End of Period

$
-

$
-

$
-Cash Paid For:Interest

$
-

$
-

$
-Income Taxes

$


$
$ -

$
-









**Page - 9**







Oasis Entertainment Fourth Movie Project, Inc.
 
 Financial Statements
 
 June 30, 2003
   
 **Page - 10**
     Oasis Entertainment Fourth Movie Project, Inc.
 Notes to the Financial Statements
 June 30, 2003
 
 
 
 GENERAL
 
 Oasis Entertainment Fourth Movie Project, Inc. (the Company) has elected to omit substantially all footnotes to the financial statements for the three and nine months ended June 30, 2003 since there have been no material changes (other than indicated in other footnotes) to the information previously reported by the Company in their Annual Report filed on Form 10-KSB for the fiscal year ended September 30, 2002.
 
 UNAUDITED INFORMATION
 
 The information furnished herein was taken from the books and records of the Company without audit. However, such information reflects all adjustments which are, in the opinion of management, necessary to properly reflect the results of the interim period presented. The information presented is not necessarily indicative of the results from operations expected for the full fiscal year.




**Page - 11**