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

FORM 10-QSB

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

For the quarterly period endedSeptember 30, 2001

[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from [  ] to [  ]

Commission file number  333-41516

|wwbroadcast.net inc.(Exact name of small business issuer as specified in its charter)
|-------------------------------------------------------------------------------------

|Wyoming(State or other jurisdiction of incorporation or organization) |  | 98-0226032(I.R.S. Employer Identification No.)
|--------------------------------------------------------------------- |  | ----------------------------------------------

|Suite 2200, 885 West Georgia Street,
Vancouver, British Columbia, Canada V6C 3H1(Address of principal executive offices)
|------------------------------------------------------------------------------------------------------------------------

|(604) 687-9931(Issuer's telephone number)
|-----------------------------------------

|Not applicable(Former name, former address and former fiscal year, if changed since last report)
|------------------------------------------------------------------------------------------------



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APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.Yes[  ]No [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:

12,314,054 common shares outstanding as of October 31, 2001

Transitional Small Business Disclosure Format (Check one): Yes[  ]No[X]

Part I- FINANCIAL INFORMATION

Item1.  Financial Statements.

The Company's financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.





wwbroadcast.net inc.
(a development stage company)



INTERIM Financial Statements



September 30, 2001

(Unaudited)

Balance Sheets

Statements of Operations

Statements of Stockholders' Equity (Deficiency)

Statements of Cash Flows

Notes To Financial Statements



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F-1
wwbroadcast.net inc.
(a development stage company)
Balance Sheets

(Expressed in United States dollars)
(Unaudited - Prepared by Management)

|                                                                                                                                  | September 30,
2001     | December 31, 
2000   
|--------------------------------------------------------------------------------------------------------------------------------- | ---------------------- | ---------------------
|                                                                                                                                  | (Unaudited)            |                      
|Assets                                                                                                                            |                        |                      
|Current assets:                                                                                                                   |                        |                      
|Cash and cash equivalents                                                                                                         | $ 4,338                | $ 34,751             
|Amounts receivable                                                                                                                | 2,713                  | 12,002               
|Prepaid expenses                                                                                                                  | -- ------------        | 3,450 ------------   
|Total current assets                                                                                                              | 7,051                  | 50,203               
|Equipment (note 6)                                                                                                                | 11,569                 | 89,003               
|Intangible assets (note 6)                                                                                                        | -- ------------        | 155,064 ------------ 
|Total assets                                                                                                                      | $18,620 ======         | $  294,270 ======    
|Liabilities and Stockholders' Deficiency                                                                                          |                        |                      
|Current liabilities:                                                                                                              |                        |                      
|Accounts payable and accrued liabilities                                                                                          | 115,409                | $             85,317 
|Payables to related parties (note 4)                                                                                              | 131,245                | 75,448               
|Notes payable to related party (note 4(d))                                                                                        | 199,748 ------------   | 140,196 ------------ 
|Total current liabilities                                                                                                         | 446,402                | 300,961              
|Stockholders' deficiency:                                                                                                         |                        |                      
|Common stock, no par value, authorized 100,000,000 shares; issued 12,314,054 at September 30, 2001 and December 31, 2000 (note 3) | 4,004,956              | 4,004,956            
|Additional paid-in capital                                                                                                        | 182,746                | 182,746              
|Deficit before inception of new business (note 1)                                                                                 | (2,849,990)            | (2,849,990)          
|Deficit accumulated during the development stage note 1)                                                                          | (1,764,408)            | (1,326,143)          
|Accumulated other comprehensive income:
Cumulative translation adjustment                                                         | (1,086) ------------   | (18,260) ------------
|                                                                                                                                  | (427,782) ------------ | (6,691) ------------ 
|Total liabilities and stockholders' deficiency                                                                                    | $18,620 ======         | $  294,270 ======    
|Subsequent event (note 6)                                                                                                         |                        |                      
|The accompanying notes are an integral part of these financial statements                                                        

Approved on behalf of the Board:

"Marcel de Groot""
Marcel de Groot, Director



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F-2

wwbroadcast.net inc.
(a development stage company)
Statement of Operations
(Unaudited)



(Expressed in United States dollars)
(Unaudited - Prepared by Management)

|                                                                          |                                        
|------------------------------------------------------------------------- | ---------------------------------------
|                                                                          | Three month period 
ended September 30,
|2001                                                                      |                                        
|Advertising revenue                                                       | --                                     
|Operating expenses:                                                       |                                        
|Depreciation and amortization                                             | $2,119                                 
|Consulting fees                                                           | 4,134                                  
|Marketing                                                                 | --                                     
|Filing fees                                                               | 892                                    
|Investor and media relations                                              | --                                     
|Management fees to related parties (note 4)                               | 19,416                                 
|General and administrative                                                | 965                                    
|Professional fees                                                         | 14,765                                 
|Rent                                                                      | 4,272                                  
|Wages and benefits                                                        | 1,358                                  
|Loss (gain) on Disposal of Equipment                                      | (449)                                  
|Write-down of Intangible Assets                                           | -- ------------------                  
|                                                                          | 47,472 ------------------              
|Loss from operations                                                      | (47,472)                               
|Interest income (expense), net                                            | -- ------------------                  
|Net loss for the period                                                   | $(47,472) ------------------           
|Loss per common share, basic and diluted                                  | $  (0.00) =========                    
|Weighted average number of common shares outstanding, basic and diluted   | 11,244,859 =========                   
|The accompanying notes are an integral part of these financial statements



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F-3

wwbroadcast.net inc.
(a development stage company)
Statements of Stockholders' Equity (Deficiency)
(Unaudited)

|                                                                                                                           |                      |   |                      |   |                    |   | Deficit                     |   | Deficit              |   |                             |   |                             |   |                            
|-------------------------------------------------------------------------------------------------------------------------- | -------------------- | - | -------------------- | - | ------------------ | - | --------------------------- | - | -------------------- | - | --------------------------- | - | --------------------------- | - | ---------------------------
|                                                                                                                           |                      |   |                      |   |                    |   | accumulated                 |   | Accumulated          |   |                             |   |                             |   |                            
|                                                                                                                           |                      |   |                      |   | Additional         |   | Prior to                    |   | During               |   | Cumulative                  |   | Total                       |   | Comprehensive              
|                                                                                                                           | Common Shares        |   | Paid-In              |   | Development        |   | Development                 |   | Translation          |   | Stockholders'               |   | Income                     
|                                                                                                                           | Shares               |   | Amount               |   | Capital            |   | Stage                       |   | Stage                |   | Adjustment                  |   | Equity                      |   | (loss)                     
|                                                                                                                           |                      |   |                      |   |                    |   | note (1)                    |   | note (1)             |   |                             |   |                             |   |                            
|Balance, December 31, 1998                                                                                                 | 6,959,054            | $ | 2,845,343            |   | -                  | $ | (2,823,291)                 |   | -                    |   | -                           | $ | 22,052                      |   |                            
|Issuance of common stock on exercise of warrants by employees (May 14, 1999 - $0.29 per share)                             | 1,000,000            |   | 267,415              |   | -                  |   | -                           |   | -                    |   | -                           |   | 267,415                     |   |                            
|Loss for the period                                                                                                        | - ------------------ |   | -------------------  |   | - ---------------- |   | (26,699) ------------------ |   | - ------------------ |   | - ------------------        |   | (26,699) ------------------ | $ | (26,699) ------------------
|Balance, July 1, 1999 (inception of new business)                                                                          | 7,959,054            |   | 3,112,758            |   | -                  |   | (2,849,990)                 |   | -                    |   | -                           |   | 262,768                     | $ | (26,699)                   
|Issuance of common stock on exercise of stock options by employees(August 30, 1999  $0.20 per share)                       | 5,000                |   | 1,003                |   | -                  |   | -                           |   | -                    |   | -                           |   | 1,003                       |   |                            
|Issuance of common stock for intangible assets
too non-employees (November 15, 1999 - $0.03 per share)                     | 3,000,000            |   | 101,633              |   | 102,000            |   | -                           |   | -                    |   | -                           |   | 203,633                     |   |                            
|Issuance of common stock on exercise of stock options by employees (November 19, 1999 - $0.55 per share)                   | 15,000               |   | 8,334                |   | -                  |   | -                           |   | -                    |   | -                           |   | 8,334                       |   |                            
|Loss for the period                                                                                                        | -                    |   | -                    |   | -                  |   | -                           |   | (274,926)            |   | -                           |   | (274,926)                   |   | (274,926)                  
|Adjustment to cumulative  translation account                                                                              | - ------------------ |   | - ------------------ |   | - ---------------  |   | - ------------------        |   | - ------------------ |   | 5,765 ------------------    |   | 5,765 ------------------    |   | 5,765 ------------------   
|Balance, December 31, 1999                                                                                                 | 10,979,054           |   | 3,223,728            |   | 102,000            |   | (2,849,990)                 |   | (274,926)            |   | 5,765                       |   | 206,577                     | $ | (295,260)                  
|Issuance of common stock on exercise of options by employees (January 4, 2000 - $0.56 per share)                           | 10,000               |   | 5,644                |   | -                  |   | -                           |   | -                    |   | -                           |   | 5,644                       |   |                            
|Issuance of common stock on private placement to                        non-employees (January 25, 2000 - $0.50 per share) | 752,000              |   | 376,000              |   |                    |   |                             |   |                      |   |                             |   | 376,000                     |   |                            
|Issuance of common stock on private placement to     employees (January 25, 2000 - $0.50 per share)                        | 318,000              |   | 159,000              |   | -                  |   | -                           |   | -                    |   | -                           |   | 159,000                     |   |                            
|Issuance of common stock on exercise of options by employees  (February 7, 2000 - $0.43 per share)                         | 10,000               |   | 4,542                |   | -                  |   | -                           |   | -                    |   | -                           |   | 4,542                       |   |                            
|Issuance of common stock on exercise of options by employees (March 15, 2000 - $0.43 per share)                            | 10,000               |   | 4,542                |   | -                  |   | -                           |   | -                    |   | -                           |   | 4,542                       |   |                            
|Issuance of common stock on Private Placement to non-employees (April 11, 2000 - $1.00 per share)                          | 225,000              |   | 225,000              |   |                    |   |                             |   |                      |   |                             |   | 225,000                     |   |                            
|Issuance of common stock for services by non-employees (June 21, 2000 - $0.65 per share)                                   | 10,000               |   | 6,500                |   |                    |   |                             |   |                      |   |                             |   | 6,500                       |   |                            
|Consultant stock option  compensation expense                                                                              |                      |   | -                    |   | 80,746             |   | -                           |   | -                    |   | -                           |   | 80,746                      |   |                            
|Loss for the period                                                                                                        | -                    |   | -                    |   |                    |   | -                           |   | (1,051,217)          |   | -                           |   | (1,051,217)                 | $ | (1,051,217)                
|Adjustment to cumulative  translation account                                                                              | - ------------------ |   | - ------------------ |   | - ---------------  |   | - ------------------        |   | - ------------------ |   | (24,025) ------------------ |   | (24,025) ------------------ |   | (24,025) ------------------
|Balance, December 31, 2000                                                                                                 | 12,314,054           |   | 4,004,956            |   | 182,746            |   | (2,849,990)                 |   | (1,326,143)          |   | (18,260)                    |   | (6,691)                     | $ | (1,075,242)                
|Loss for the period                                                                                                        | -                    |   | -                    |   | -                  |   | -                           |   | (438,265)            |   | -                           |   | (438,265)                   | $ | (438,265)                  
|Adjustment to cumulative  translation account                                                                              | - ------------------ |   | - ------------------ |   | - ---------------- |   | - ------------------        |   | - ------------------ |   | 17,174 ------------------   |   | 17,174 ------------------   |   | 17,174 ------------------  
|Balance, September 30, 2001                                                                                                | 12,314,054 ========= | $ | 4,004,956=========   | $ | 182,746=========   | $ | (2,849,990)=========        | $ | (1,764,408)========= | $ | (1,086) =========           | $ | (427,782) =========         | $ | (421,091)=========         



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F-4

wwbroadcast.net inc.
(a development stage company)
Statements of Cash Flows
(Unaudited)

|                                                                              |                                        
|----------------------------------------------------------------------------- | ---------------------------------------
|                                                                              | Three month period 
ended September 30,
|2001                                                                          |                                        
|Cash flow from operating activities:                                          |                                        
|Net loss for the period  $                                                    | (47,472)                               
|Items not affecting cash:                                                     |                                        
|Depreciation and amortization                                                 | 2,119                                  
|Loss (gain) on disposal of equipment                                          | (449)                                  
|Write-down of Intangible Assets                                               | --                                     
|Consultant stock option compensation                                          | --                                     
|Issuance of Common Shares for services                                        | --                                     
|Changes in operating assets and liabilities:                                  |                                        
|Amounts receivable                                                            | 8,801                                  
|Prepaid expenses                                                              | --                                     
|Accounts payable and accrued liabilities                                      | 32,340 -------------                   
|Net cash used in operating activities                                         | (4,661) -------------                  
|Cash flow from investing activities:                                          |                                        
|Purchase of equipment                                                         | --                                     
|Payable to Related Parties                                                    | --                                     
|Proceeds on disposal of equipment                                             | 898                                    
|Purchase of intangible assets                                                 | -- -------------                       
|Net cash used in investing activities                                         | 898                                    
|Cash flow from financing activities:                                          |                                        
|Proceeds from the issuance of common shares                                   | --                                     
|Notes payable to related parties                                              | (3,110)                                
|Payable to Related Parties                                                    | (8,373)                                
|Subscriptions received in advance of issuance of shares                       | --                                     
|Consultant stock option compensation                                          | -- -------------                       
|Net cash provided by financing activities                                     | (11,483) -------------                 
|Increase (decrease) in cash and cash equivalents                              | (15,246)                               
|Effect of exchange rate changes on foreign currency denominated cash balances | 16,542                                 
|Cash and cash equivalents, beginning of period                                | 3,042 -------------                    
|Cash and cash equivalents, end of period  $                                   | 4,338 ========                         
|Supplemental disclosure:                                                      |                                        
|Interest paid (received) net  $                                               | --                                     
|Income taxes                                                                  | --                                     
|Non-cash transactions:                                                        |                                        
|Issuance of common stock for services                                         | --                                     
|Issuance of common stock for assets                                           | --========                             
|The accompanying notes are an integral part of these financial statements.   







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F-5

wwbroadcast.net inc.
(a development stage company)
Notes to Financial Statements
(Unaudited)

1.  Nature of development stage activities and operations:

Predator Ventures Ltd. was incorporated on June 24, 1986 in British Columbia, Canada.  The Company had no substantive operations at July 1, 1999 when the new business venture was started.

On July 1, 1999, the Company began development of a web portal offering vertical content through multiple branded channels.  These vertically branded channels offered a selection of live and on demand audio and video programming via the Internet.  Costs and expenses incurred by the Company prior to July 1, 1999 do not relate to this business. As the Company has not generated any material revenue from its principal planned operations, for financial reporting purposes, the Company is considered to be in the development stage and these financial statements are of a development stage enterprise.  In July 2001, the Company ceased streaming media internet operations due to ongoing losses from operations, the inability to generate any revenue from operations, and a lack of sufficient working capital to sustain operations (see note 6).

These financial statements have been prepared on a going concern basis in accordance with United States generally accepted accounting principles.  The going concern basis of presentation assumes the Company will continue to operate for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business.  Certain conditions, described below, currently exist which raise doubt upon the validity of this assumption.  These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The Company presently does not have an operating business due to its cessation of active business operations.  The Company is presently assessing the viability of its streaming media internet plan, while at the same time it is seeking to either identify a suitable business opportunity or enter into a suitable business combination.  Additional debt or equity financing will be required from existing shareholders or third parties in order to provide working capital of the search for a suitable opportunity.  This debt or equity may not be available on reasonable terms or on any terms at all.  It is management's intention to seek a suitable business opportunity or combination and to pursue financing.

2.  Significant accounting policies:

(a)  Basis of presentation:

The unaudited balance sheets, statements of operations and deficit and statements of cash flows have been prepared in accordance with generally accepted accounting principles for interim financial information in the United States.  Material measurement differences to Canadian generally accepted accounting principles are quantified in note 5.

The interim consolidated financial statements do not include all information and footnote disclosures required under generally accepted accounting principles in the United States or Canada for a complete set of annual financial statements.  Results of operations for the periods ended September 30, 2001 are not necessarily indicative of what the results will be for the 2001 fiscal year.



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In the opinion of management, these unaudited interim consolidated financial statements reflect all adjustments (consisting solely of normal recurring accruals) considered necessary for a fair presentation of the financial position, results of operations and cash flows as at September 30, 2001 and for the periods ended September 30, 2001 and 2000.

These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company's registration statement on Form 10-QSB which includes the Company's financial statements for the fiscal year ended December 31, 2000.

(b)  Use of estimates:

The preparation of financial statements in accordance with generally accepted accounting principles requires that management make estimates and reasonable assumptions which impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the balance sheets, and the reported amounts of revenues and expenses during the reporting periods.  Actual amounts may differ from these estimates.

(c)  Loss per share:

Basic loss per share is calculated based on the weighted average number of common shares outstanding during the periods.  Excluded from the weighted average number of common shares are 1,069,195 common shares held in escrow which are released based on financial performance criteria (note 3(a)).

Diluted loss per share is computed using the weighted average number of common and potentially dilutive commons shares outstanding during the period.  As the Company has a net loss in each of the periods presented, basic and diluted net loss per share are the same.  Excluded from the calculation of diluted loss per share are stock options and share purchase warrants as they are anti-dilutive.

3.  Common Stock:

(a)  Stock options and stock-based compensation:

At September 30, 2001, the Company's Board of Directors has granted stock options to certain consultants, employees and directors to buy an aggregate of 419,000 shares of common stock of the Company at prices ranging between $0.21 and $1.85.  No stock options were granted in the three months ended September 30, 2001.  Stock options are granted with an exercise price equal to the stock's market value at the date of grant.  All stock options have terms of one to five years and vest over periods of zero to 18 months.



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A summary of the status of the Company's stock options at September 30, 2001 and 2000 and changes during the nine month period ended on those dates is presented below:





|                                      | 2001                      | 2000            
|------------------------------------- | ------------------------- | ----------------
|                                      | Weighted Average          | Weighted Average
|                                      | Options                   | Exercise Price  
|Outstanding, 
    beginning of period | 1,078,000                 | 0.56            
|Granted                               | --                        | --              
|Exercised                             | --                        | --              
|Expired/cancelled                     | (659,000) --------------- | 0.62------------
|Outstanding, end of period            | 419,000 =======           | 0.52 ======     
|Options exercisable                   | 419,000=======            | 0.52======      

(b)  Share rescission offer:

In connection with the Company's redomiciliation in 1999, the Company was required to make an offer to repurchase common shares held by U.S. shareholders, who were shareholders as at July 14, 1999, for cash consideration of Cdn $0.66 per share.  It was estimated that this repurchase offer would relate to 500 common shares.  The Company made the recission offer to U.S. shareholders on May 18, 2001.  The offer was open for 30 days and expired June 18, 2001.  The Company was contacted by the U.S. shareholder who held 500 shares at July 14, 1999.  It was determined that the U.S. shareholder had disposed of their shares at a value greater than the Cdn$0.66 per share offering price.  With respect to the Company's non-U.S. shareholders, if such shareholders were to successfully sue the Company for violating U.S. securities laws in connection with the redomiciliation, then the Company may be compelled to repurchase their shares.  No such claims have been made to November 13, 2001.  If the non-U.S. shareholders are able to compel the Company to purchase their shares as well, and all of the U.S. shareholders accept the repurchase offer, the Company would need to pay those shareholders approximately Cdn. $3,978,025, which amounts to approximately $2,772,563, based on the rate of exchange on September 30, 1999, plus interest.  This could make the Company insolvent or require it to obtain additional financing, the availability of which cannot be assured.

4.  Related party transactions:

In addition to related party transactions disclosed elsewhere in these financial statements, during the nine month periods presented, the Company paid management fees and rent of $74,134 (2000 - $114,209) to companies controlled by one or more directors or officers.  The fees were paid pursuant to the following agreements:



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1. Under the terms of the Asset Purchase Agreement, the Company will pay Sedun De Witt Capital Corp Cdn $10,000 per month for a term of 12 months in consideration for which Sedun De Witt Capital Corp will provide the Company with advisory services relating to general corporate development, financial matters, raising additional capital, strategic planning and other matters relating to the financial affairs of the Company.  Sedun De Witt Capital Corp agreed to reduce its monthly fee to Cdn $5,000 per month up to January 31, 2000.
2. Total charges made by Sedun De Witt Capital Corp. pursuant to the Asset Purchase Agreement were as follows:



|2000 | Cdn$      115,000 
|---- | ------------------
|2001 | Cdn$        90,000

The Company agreed to continue the Corporate Advisory Agreement with Sedun De Witt Capital Corp. on a month-to-month basis, the terms of which are the same as those described in Note 4(a).



5.  Canadian generally accepted accounting principles:

These financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("US GAAP") which differ in certain respects with accounting principles generally accepted in Canada ("Canadian GAAP").  Reference should be made to the annual financial statements for a description of the material differences.  Material measurement differences to these financial statements are as follows:





|                                   |   | Nine months ended 2001 |   | September 30, 2000
|---------------------------------- | - | ---------------------- | - | ------------------
|Loss for the period, US GAAP       | $ | 438,265 ========       | $ | 825,553 ========  
|Loss for the period, Canadian GAAP | $ | 438,265 ========       | $ | 744,807 ========  
|Loss per share, Canadian GAAP      | $ | (0.04) ========        | $ | (0.07) ========   

6.  Shut-down of operations:

On July 31, 2001, the Board of Directors of the Company decided to cease operating its streaming media internet business.  As a result of the shut down of operations, the Company has disposed some equipment and  written-off all related intangible assets.  During the nine month period ended September 30, 2001, the Company also relocated its operations office and has written-off all leasehold improvements.



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

Forward Looking Statements

This quarterly report contains certain forward-looking statements.  Much of the information included in this quarterly report includes or is based upon estimates, projections or other "forward looking statements".  Such forward looking statements include any projections or estimates made by us and our management in connection with our business operations.  While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.

Such estimates, projections or other "forward looking statements" involve various risks and uncertainties as outlined below.  We caution the reader that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other "forward looking statements".

The following discussion should be read in conjunction with our historical Financial Statements and Notes thereto contained in Item 1.

We Have Ceased to Operate as a Going Concern

Our Financial Statements contained in this quarterly report have been prepared on a going concern basis, which assumes that we will be able to realize our assets and discharge our obligations in the normal course of business.  We incurred net losses from operations for the quarter ended September 30, 2001, for the quarter ended September 30, 2000 and for the period from the inception of our new business as of July 1, 1999 to September 30, 2001 of $(47,472), $287,579 and $1,764,408, respectively.

We do not expect to earn any revenues for the remainder of the 2001 fiscal year,  because effective July 31, 2001 we have ceased active business operations.  We ceased operations due to ongoing losses from operations, our inability to generate any revenue from operations, and a lack of sufficient working capital to sustain operations.  Our auditors' report on our 2000 financial statements contained an explanatory paragraph that stated that, due to recurring losses and negative cash flows, substantial doubt existed as to our ability to continue as a going concern.

During the nine months ended September 30, 2001, we received loans for working capital totalling Cdn $105,000 from Sedun De Witt Capital Corp.  We had been spending the funds on the maintenance of our business.  There can be no assurances that additional equity or other financing will be available, or available on terms acceptable to us.  During the nine months ended September 30, 2001, we reduced our operations by terminating a consultant and six employees and as we were not successful in obtaining additional financing, we ultimately ceased operations, effective July 31, 2001.





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Results of Operations

We have included in this quarterly report financial statements for the nine month period ended September 30, 2001 and 2000 and the period from July 1, 1999 (being the date of inception of our previous business) to September 30, 2001.

Nine month period ended September 30, 2000

We incurred a net loss of $825,553 for the three month period ended September 30, 2000, resulting in a loss per share of $0.07.  The loss was attributable to operating expenses of $826,910, offset partially by interest income of $1,357.

During the period from January 1, 2000 to September 30, 2000 we incurred consulting fees of $185,461, $97,393 in depreciation and amortization, $159,864 in marketing, $8,137 in filing fees, $100,646 in management fees, $32,346 in general and administrative expenses and $97,481 in professional fees. These expenses were incurred reflecting the expansion and marketing of our primary business during 2000.

Nine month period ended September 30, 2001

We incurred a net loss of $438,265 for the nine month period ended September 30, 2001, resulting in a loss per share of $0.04.  This loss reflects operating expenses for the period of $438,265, consisting of $17,860 in consulting fees, $64,108 in depreciation and amortization expenses, $2,083 in marketing expenses, $3,921 in regulatory filing fees, $29,485 in rent fees, $58,651 in wages and benefits, $42,661 in professional fees, $6,121 in general and administrative expenses, and $66,525 in management fees paid to related parties.  The loss was increased by $46,504 resulting from the disposal of equipment and a $100,346 write down of intangible assets, taken as a result of our closing our business operations.

The foregoing expenses reflect the general decrease in expenses that has resulted from the downsizing and ultimate ceasing of our operations, particularly in the form of consulting, marketing, and professional fees, and wages and benefits expenses.  From the date of commencement of our business on July 1, 1999 to September 30, 2001, we incurred operating expenses totalling $1,768,322, consisting of $282,664 in consulting fees, $250,982 in depreciation and amortization expenses, $15,126 in investor and media relations fees, $77,500 in rent, $232,004 in wages and benefits, $173,697 in marketing expenses, $23,853 in regulatory



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filing fees, $258,000 in professional fees, $66,543 in general and administrative expenses, and $241,103 in management fees paid to related parties.  The consulting fees consisted primarily of fees paid to consultants to develop, activate and maintain our Website and Content Websites, and to search for and screen streaming media programming content on the Internet for inclusion in our Content Websites.

Balance Sheets

Total cash and cash equivalents as at September 30, 2001 and December 31, 2000 were, respectively, $4,338 and $34,751.  Working capital as at September 30, 2001 and December 31, 2000 were, respectively, $(439,351) and $(250,758).

The decrease in working capital between December 31, 2000 and September 30, 2001 was attributable to operating expense of $438,265.  No material revenue was generated during the period.

Total share capital as at September 30, 2001 and December 31, 2000 was, respectively, $4,004,956 and $4,004,956.  No share capital transactions occurred during the nine month period ended September  30, 2001.

Current Capital Resources and Liquidity

Our capital resources have been limited.  We currently do not, and will not, generate revenue from business operations, and to date have relied on the sale of equity and related party loans for cash required for our operations.  Our most recent private placements of units are described above under the heading "Balance Sheets".  There can be no assurances that any outstanding incentive stock options will be exercised.

As at November 14, 2001, we have received loans for working capital totalling Cdn $315,000 from Sedun De Witt Capital Corp.  These loans are unsecured and evidenced by non-interest bearing promissory notes executed by us in favour of Sedun De Witt Capital Corp. and payable on demand.

Our working capital or cash flows are not sufficient to fund ongoing operations and commitments.  Our ability to settle our liabilities as they come due and to fund our commitments and ongoing operations is dependant upon our ability to obtain additional financing by way of debt, equity or other means.  There can be no assurances that we can obtain such additional financing on terms reasonably acceptable to us or at all.  The lack of capital may force us to curtail our operating activities and potential investment activities.

We do not currently have any commitments for material capital expenditures over the near or long term, and none are presently contemplated over normal operating requirements.  As discussed above under the heading "Going Concern", we have ceased active business operations and so anticipate only nominal expenditures during the remainder of the 2001 fiscal year.





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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.

Dated this 14th day of November, 2001.

wwbroadcast.net inc.



By: /s/ David DeWitt
David DeWitt, President

By: /s/ Marcel DeGroot 
Marcel DeGroot, Secretary and Principal Financial Officer