United States


SECURITIES AND EXCHANGE COMMISSION


**Washington, D.C. 20549**





FORM 10-QSB





Commission File Number: 000-28881





For the Second Quarter ended March 31, 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 December 31, 2002, 24,934,776 shares of the Registrants Common Stock were issued and outstanding.





Transitional Small Business Disclosure Format (check one): yes ono x










PART I: FINANCIAL INFORMATION







Item 1. Financial Statements .





The financial statements, for the three months ended December 31, 2002, 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






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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 twelve 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 years have 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 acquisitions.







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: May 14, 2003**





By:
/s/*Luke C. Zouvas***Luke C. Zouvas**attorney custodian
acting as interim Officer/Director










Page 2













Exhibit A





CERITIFICATION PURSUANT TO 18 USC SECTION 1350










Page 3









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 March 31, 2003 as filed with the Securities and Exchange Commission (the "Report"), I, Luke Zouas, 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 Zouvas


Luke Zouvas Custodian




May 14, 2003




Page 4








Exhibit 99.1





Section 302 Certification















Page 5






CERTIFICATIONS Pursuant to Section 302




I, Luke 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: May 14, 2003








/s/Luke Zouvas


Luke Zouvas


Custodian






Page 6





**OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.**


(a Development Stage Company)


BALANCE SHEETS


(Unaudited)








March 31,


September 30,2002


2002ASSETSCURRENT ASSETSCash

$
0

$
0TOTAL CURRENT ASSETS


0


0OTHER ASSETSNote receivable


0


0Investments


0


0TOTAL OTHER ASSETS


0


0TOTAL ASSETS

$
0

$
0LIABILITIES AND STOCKHOLDERS' EQUITYLIABILITIESAccounts payable

$
0

$
0Notes payable - related parties


489,985


399,654TOTAL LIABILITIES


489,985


399,654STOCKHOLDERS' EQUITYCommon Stock, $.001 par value; authorized 100,000,000shares; issued and outstanding, 24,934,776 sharesand 24,934,776 shares respectively


24,934


24,934Additional Paid-In Capital


752,546


752,546Accumulated other comprenhensive income (loss)


0


0Accumulated Equity (Deficit)


(1,267,465
)

(1,177,134
)Total Stockholders' Equity


(489,985
)

(399,654
)TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

$
0

$
0






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

F - 1





**OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.**


(a Development Stage Company)


STATEMENT OF OPERATIONS


(Unaudited)


FromInception onApril 9,For the three months ended

For the six months ended

1998 throughMarch 31,

March 31,

March 31,2003

2002

2003

2002

2003Revenues
$
-0-

$
-0-

$
-0-

$
-0-

-0-General and administrative

33,892


17,929


90,331


171,622

704,495Net income (loss) before discontinued operations

(33,892
)

(17,929
)

(90,331
)

(171,622
)
(704,495
)(Loss) from discontinued operations

0


0


0


0

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

0


0


0


0

(115,947
)Net (loss) from operations

(33,892
)

(17,929
)

(90,331
)

(171,622
)
(1,103,645
)Other income (expense)Impairment Loss

0


0


0


0

(168,430
)Interest expense

0


0


0


0

(47,788
)Interest income

0


0


0


0

52,398Total other income (expense)

0


0


0


0

(163,820
)Net Profit (Loss)

(33,892
)

(17,929
)

(90,331
)

(171,622
)
(1,267,465
)Other comprehensive income (loss)Change in value of securities available-for-sale

0


0


0


0

0Total other comprehensive income (loss)

0


0


0


0

0Net Comprehensive (Loss)
$
(33,892
)
$
(17,929
)
$
(90,331
)
$
(171,622
)
(1,267,465
)Gain (Loss) per Share
$
(0.00
)
$
(0.00
)
$
(0.00
)
$
(0.00
)
(0.20
)Weighted AverageShares Outstanding

24,934,776


72,299,914


24,934,776


73,948,264

6,499,288




F - 2




**OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.**


(a Development Stage Company)


STATEMENT OF CASH FLOW


(Unaudited)


Inception onApril 9,For the six months ended

1998 throughMarch 31,

March 31,2003


2002


2003Operating ActivitiesNet Income (Loss)

$
(90,331
)
$
(171,622
)
$
(1,267,465
)Bad debt expense








46,300Common Stock issued for services








261,272Interest on notes payable - related party








35,208Loss on disposal of discontinued operations








0Changes in assets and liabilities(Increase) in interest receivable








(42,995
)Increase in accounts payable


90,331


171,622


488,326Net Cash from Operations


0


0


(479,354
)Cash flows from investing activitiesCash paid for investments


-


-


(255,000
)Net cash (used) by investing activities


-


-


(255,000
)Cash flows from financing activitiesProceeds paid on notes receivable - related parties


-


-


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








100,000Proceeds received on notes payable - related parties


0


0


399,654Common stock issued for cash








481,000Net cash provided by financing activities


0


0


734,354Net increase (decrease) in Cash


0


0


0Cash at beginning of period


0


0


-0-Cash as of Statement Date

$
0

$
0

$
0Suplemental Cash Flow InformationCash Paid for:Interest

$
0

$
0

$
0Taxes

$
0

$
0

$
0


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

F - 3




OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.


(A Development Stage Company)


Notes to the Financial Statements


**March 31, 2003**











**NOTES TO FINANCIAL STATEMENTS**





Oasis Entertainment's Fourth Movie Project, Inc. ("the Company") has elected to omit substantially all footnotes to the financial statements for the three months ended March 31, 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 period presented. The information presented is not necessarily indicative of the results from operations expected for the full fiscal year.






F - 4