---

**UNITED STATESSECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549

FORM 10-QSB

**x******
  Quarterly Report pursuant Section 13 or 15(d) of the Securities Exchange Act
  of 1934 
  For the quarterly period ended June 30, 2003

** ̈******
  Transition report pursuant section 13 or 15(d) of the Securities Exchange Act
  of 1934

0-9040
  Commission file number

AUCXIS CORP.
  (Exact name of small business issuer as specified in its charter)

**Nevada**
  (State or other jurisdiction)

**Pending**
  (IRS Employer of incorporation or organization Identification No.)

**Suite 500 - 666 Burrard Street, Vancouver, BC V6C
  3P6 Canada.**
  (Address of principal executive offices)

**604-639-3109**
  (Issuer's telephone number)

______________________________________________________________
  (Former Name, Address and Former Fiscal Year, if Changed Since Last Report)

Check whether the issuer:

(1) filed all reports required to be filed by Section 13 or
  15(d) of the Exchange Act during the past 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.  ** ̈******

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 court. Yes  ** ̈******No  **x******

As of October 14, 2003 there were 66,409,415shares of the Registrant's
  common stock, par value $0.001 per share outstanding.

Transitional Small Business Disclosure Format (check one);
  Yes  ** ̈******No  **x******

---

AUCXISCORP.

FORM 10-QSB

INDEX

|PART I. FINANCIAL INFORMATION                                                                                                                 | Page | 
|--------------------------------------------------------------------------------------------------------------------------------------------- | ---- | 
|                                                                                                                                              |      | 
|Item 1. Financial Statements                                                                                                                  | 2    | 
|                                                                                                                                              |      | 
|Consolidated
      Balance Sheet at June 30, 2003 (Unaudited) and December 31, 2002  (Audited)                                                | F-2  | 
|                                                                                                                                              |      | 
|Consolidated
      Statements of Operations, Deficit and Comprehensive Loss (Unaudited) for
      the six months ended June 30, 2003 and 2002 | F-3  | 
|                                                                                                                                              |      | 
|Consolidated
      Statements of Cash Flows (Unaudited) for the six months ended June 30, 2003
      and 2002                                 | F-4  | 
|                                                                                                                                              |      | 
|Notes
      to Consolidated Financial Statements                                                                                              | F-5  | 
|                                                                                                                                              |      | 
|Item 2. Managements Discussion and Analysis of Financial Condition
      and Results of Operations                                           | 3    | 
|                                                                                                                                              |      | 
|PART II. OTHER INFORMATION                                                                                                                    | 4    | 
|                                                                                                                                              |      | 
|Item 1. Legal Proceedings                                                                                                                     | 4    | 
|                                                                                                                                              |      | 
|Item 5: Other Information                                                                                                                     | 5    | 
|                                                                                                                                              |      | 
|Item 6. Exhibits and Reports on Form 8-K                                                                                                      | 5    | 
|                                                                                                                                              |      | 
|Signatures                                                                                                                                    | 5    | 

1

---



ITEM 1. Financial Statements Aucxis Corp. 
  (formerly e-Auction Global Trading Inc.)
  (a Nevada Corporation)

Consolidated Financial Statements
  (Unaudited) 
  June 30, 2003 
  (expressed in U.S. dollars)



2

---



| |                                                                                                                                | 
| | ------------------------------------------------------------------------------------------------------------------------------ | 
| | AUCXIS
        CORP.
        (a Nevada Corporation) CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2003 
        (in U.S. dollars) | 



F-1

---

|AUCXIS CORP.CONSOLIDATED BALANCE SHEETS(Expressed in U.S. dollars)
|------------------------------------------------------------------

|                                                                      |   |             |   |   |              |  
|--------------------------------------------------------------------- | - | ----------- | - | - | ------------ | -
|                                                                      |   | June 30,    |   |   | December 31, |  
|                                                                      |   | 2003        |   |   | 2002         |  
|                                                                      |   | (unaudited) |   |   | (audited)    |  
|                                                                      |   |             |   |   |              |  
|ASSETS                                                                |   |             |   |   |              |  
|CURRENT ASSETS                                                        |   |             |   |   |              |  
|Cash and equivalents                                                  | $ | 20,613      |   | $ | 617,811      |  
|Accounts receivable, net of allowance for doubtful account of $12,840 |   | 39,809      |   |   | 1,135,903    |  
|Inventory                                                             |   | -           |   |   | 1,394,028    |  
|Prepaid expenses                                                      |   | 658         |   |   | 51,218       |  
|Total Current Assets                                                  |   | 61,080      |   |   | 3,198,960    |  
|Investments (Note 2)                                                  |   | 1,008,000   |   |   | 160,070      |  
|Property and equipment                                                |   | 21,228      |   |   | 297,624      |  
|Acquired core technology                                              |   | -           |   |   | 299,584      |  
|Total Assets                                                          | $ | 1,090,308   |   | $ | 3,956,238    |  
|                                                                      |   |             |   |   |              |  
|LIABILITIES                                                           |   |             |   |   |              |  
|CURRENT LIABILITIES                                                   |   |             |   |   |              |  
|Accounts payable                                                      | $ | 455,141     |   | $ | 896,398      |  
|Accrued liabilities                                                   |   | 56,199      |   |   | 696,220      |  
|Due to former Kwatrobox shareholders                                  |   | 523,700     |   |   | 356,274      |  
|Deferred revenue                                                      |   | -           |   |   | 2,000,082    |  
|Current portion of long-term debt                                     |   | 489,029     |   |   | 488,666      |  
|Deferred tax liability                                                |   | -           |   |   | 5,241        |  
|Total Current Liabilities                                             |   | 1,524,069   |   |   | 4,442,881    |  
|Long-term debt                                                        |   | -           |   |   | 105,859      |  
|Non-controlling interest                                              |   | -           |   |   | 2,400        |  
|Total Liabilities                                                     |   | 1,524,069   |   |   | 4,551,140    |  
|Mandatory Redeemable Shares of Common Stock (Note 7)                  |   | 4,215,914   |   |   | 4,818,181    |  
|                                                                      |   | 5,739,983   |   |   | 9,369,321    |  
|                                                                      |   |             |   |   |              |  
|Commitments and Contingencies (Note 10)                               |   |             |   |   |              |  
|                                                                      |   |             |   |   |              |  
|STOCKHOLDERS EQUITY (DEFICIT)                                        |   |             |   |   |              |  
|Common stock                                                          |   |             |   |   |              |  
|Authorized: 250,000,000 shares, $0.001 par value                      |   |             |   |   |              |  
|Issued and outstanding: 62,773,051 shares                             |   | 62,773      |   |   | 62,773       |  
|Additional paid-in capital                                            |   | 18,736,200  |   |   | 18,736,200   |  
|Accumulated other comprehensive income                                |   | 602,544     |   |   | 243,710      |  
|Deficit                                                               |   | (24,051,192 | ) |   | (24,455,766  | )
|Total Stockholders Equity (Deficit)                                  |   | (4,649,675  | ) |   | (5,413,083   | )
|Total Liabilities and Stockholders Equity (Deficit)                  | $ | 1,090,308   |   | $ | 3,956,238    |  

(The Accompanying Notes are an Integral Part of These Financial
  Statements)

F-2

---

|AUCXIS CORP.CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(Expressed in U.S. dollars)
      (unaudited)
|---------------------------------------------------------------------------------------------------------------------

|                                                    |   | Three months |   |   | Three months |   |   | Six months |   |   | Six months |  
|--------------------------------------------------- | - | ------------ | - | - | ------------ | - | - | ---------- | - | - | ---------- | -
|                                                    |   | ended        |   |   | ended        |   |   | ended      |   |   | ended      |  
|                                                    |   | June 30,     |   |   | June 30,     |   |   | June 30,   |   |   | June 30,   |  
|                                                    |   | 2003         |   |   | 2002         |   |   | 2003       |   |   | 2002       |  
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Revenue                                             | $ | -            |   | $ | 1,302,259    |   | $ | 1,226,880  |   | $ | 2,610,771  |  
|Cost of goods sold                                  |   | -            |   |   | (729,273     | ) |   | (307,800   | ) |   | (1,319,344 | )
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|                                                    |   | -            |   |   | 572,986      |   |   | 919,080    |   |   | 1,291,427  |  
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Selling, general and administrative expense         |   | 69,561       |   |   | 820,463      |   |   | 1,063,116  |   |   | 1,609,068  |  
|Depreciation and amortization expense               |   | 2,328        |   |   | 39,005       |   |   | 64,696     |   |   | 121,930    |  
|Recovery of inventory                               |   | (14,040      | ) |   | -            |   |   | (14,040    | ) |   | -          |  
|Loss (gain) on disposal of assets                   |   | (20,746      | ) |   | 886          |   |   | (20,746    | ) |   | 115,772    |  
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Total operating expenses                            |   | 37,103       |   |   | 860,354      |   |   | 1,093,026  |   |   | 1,846,770  |  
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Operating income (loss)                             |   | (37,103      | ) |   | (287,368     | ) |   | (173,946   | ) |   | (555,343   | )
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Share of income of equity investment                |   | -            |   |   | 1,740        |   |   | 32,170     |   |   | -          |  
|Miscellaneous revenue                               |   | 4,055        |   |   | -            |   |   | 4,055      |   |   | -          |  
|Gain on cancellation of mandatory redeemable shares |   | -            |   |   | -            |   |   | 542,295    |   |   | -          |  
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Income (loss) before income taxes                   |   | (33,048      | ) |   | (285,628     | ) |   | 404,574    |   |   | (555,343   | )
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Income tax recovery (expense)                       |   | -            |   |   | 30,901       |   |   | -          |   |   | 8,105      |  
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Net income (loss) for the period                    | $ | (33,048      | ) | $ | (254,727     | ) | $ | 404,574    |   | $ | (547,238   | )
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Basis income (loss) per share                       | $ | (0.00        | ) | $ | (0.00        | ) | $ | 0.01       |   | $ | (0.01      | )
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Diluted income (loss) per share                     | $ | (0.00        | ) | $ | (0.00        | ) | $ | 0.01       |   | $ | (0.01      | )
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Common shares used in computing                     |   |              |   |   |              |   |   |            |   |   |            |  
|basic earnings per share                            |   | 62,773,051   |   |   | 62,738,926   |   |   | 62,773,051 |   |   | 62,738,926 |  
|                                                    |   |              |   |   |              |   |   |            |   |   |            |  
|Common shares used in computing                     |   |              |   |   |              |   |   |            |   |   |            |  
|diluted earnings per share                          |   | 62,773,051   |   |   | 62,738,926   |   |   | 62,773,051 |   |   | 62,738,926 |  

(The Accompanying Notes are an Integral Part of These Financial
  Statements)

F-3

---

|AUCXIS CORP.CONSOLIDATED STATEMENTS OF CASH FLOWS(Expressed in U.S. dollars)
      (unaudited)
|----------------------------------------------------------------------------------------------
|                                                                                              
|SIX MONTHS
      ENDED JUNE 30                                                                

|                                                          |   | 2003     |   |   | 2002       |  
|--------------------------------------------------------- | - | -------- | - | - | ---------- | -
|                                                          |   |          |   |   |            |  
|OPERATING ACTIVITIES                                      |   |          |   |   |            |  
|Net income (loss) for the period                          | $ | 404,574  |   | $ | (547,238   | )
|Adjustments to reconcile net income (loss) to cash        |   |          |   |   |            |  
|Depreciation and amortization                             |   | 64,696   |   |   | 121,930    |  
|Foreign exchange                                          |   | -        |   |   | 35,466     |  
|Gain on cancellation of mandatory redeemable
      shares |   | (542,295 | ) |   | -          |  
|Share of income of equity investment                      |   | (32,170  | ) |   | -          |  
|Provision for impairment                                  |   | -        |   |   | 82,003     |  
|Loss (gain) on disposal of assets                         |   | (20,746  | ) |   | 33,769     |  
|Net change in operating assets and liabilities            |   |          |   |   |            |  
|Accounts receivable                                       |   | (3,372   | ) |   | (332,546   | )
|Inventory                                                 |   | -        |   |   | (1,658,649 | )
|Prepaid expenses                                          |   | 15,315   |   |   | 18,587     |  
|Accounts payable and accrued liabilities                  |   | 120,700  |   |   | (174,152   | )
|Deferred items                                            |   | -        |   |   | 2,037,123  |  
|                                                          |   |          |   |   |            |  
|CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES           |   | 6,702    |   |   | (383,707   | )
|                                                          |   |          |   |   |            |  
|INVESTING ACTIVITIES                                      |   |          |   |   |            |  
|Purchase of property and equipment (net of proceeds)      |   | -        |   |   | (1,440     | )
|Change in subsidiary net assets                           |   | (854,491 | ) |   | -          |  
|CASH USED IN INVESTING ACTIVITIES                         |   | (854,491 | ) |   | (1,440     | )
|                                                          |   |          |   |   |            |  
|FINANCING ACTIVITIES                                      |   |          |   |   |            |  
|Long-term debt, net of repayment                          |   | -        |   |   | 349,739    |  
|CASH PROVIDED BY FINANCING ACTIVITIES                     |   | -        |   |   | 349,739    |  
|                                                          |   |          |   |   |            |  
|EFFECT OF EXCHANGE RATE CHANGES ON CASH                   |   | 250,591  |   |   | 31,044     |  
|                                                          |   |          |   |   |            |  
|DECREASE IN CASH AND CASH EQUIVALENTS                     |   | (597,198 | ) |   | (35,408    | )
|                                                          |   |          |   |   |            |  
|CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD             |   | 617,811  |   |   | 310,050    |  
|                                                          |   |          |   |   |            |  
|CASH AND CASH EQUIVALENTS END OF PERIOD                   | $ | 20,613   |   | $ | 305,686    |  
|                                                          |   |          |   |   |            |  
|Supplemental cash flow information:                       |   |          |   |   |            |  
|                                                          |   |          |   |   |            |  
|Interest paid                                             | $ | 15,120   |   | $ | 16,851     |  
|Income taxes paid                                         | $ | -        |   | $ | 8,105      |  

(The Accompanying Notes are an Integral Part of These Financial
  Statements)

F-4

---

|AUCXIS CORP.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Expressed in U.S. dollars)
|-------------------------------------------------------------------------------------
|                                                                                     
|SIX MONTHS
      ENDED JUNE 30, 2003                                                 

|1. | NATURE OF OPERATIONS AND CONTINUANCE OF BUSINESS
        The Company was incorporated in Nevada, USA on January 8, 1998 under
          the name Kazari International, Inc. and changed its name to e-Auction
          Global Trading Inc. on June 10, 1999. The Company changed its name to
          Aucxis Corp. on June 12, 2001. The Companys business is the development
          of e-business services for the perishable commodity marketplace primarily
          in Europe, the installation and maintenance of auction clock and cooling
          systems for traditional auction halls, and the development of software
          for auctions. The Company has temporarily suspended development of e-business
          services for the perishable commodity marketplace pending further review
          of the business opportunities in this area. Refer to Note 2.
        These financial statements have been prepared on a going concern basis,
          which implies the Company will continue to realize its assets and discharge
          its liabilities in the normal course of business. The Company has not
          generated significant revenues since inception and has never paid any
          dividends and is unlikely to pay dividends or generate earnings in the
          immediate or foreseeable future. The continuation of the Company as
          a going concern is dependent upon the continued financial support from
          its shareholders, the ability of the Company to obtain necessary equity
          financing to continue operations and the attainment of profitable operations.
          As at June 30, 2003, the Company has a working capital deficiency of
          $1,462,989 (2002 - $2,135), and has accumulated losses of $24,051,192
          since inception. These financial statements do not include any adjustments
          to the recoverability and classification of recorded asset amounts and
          classification of liabilities that might be necessary should the Company
          be unable to continue as a going concern. These factors raise substantial
          doubt regarding the Companys ability to continue as a going concern.
          Management is considering various revenue and cost management alternatives
          and is examining a variety of options to re-organize the Company. It
          is not possible at this time to predict with any assurance the success
          of these initiatives.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|2. | BASIS OF PRESENTATION
      These financial statements include the accounts of the Company and its
        wholly-owned subsidiaries as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

| | 100                                                                                                                      | % | Aucxis Corp. NV (Belgium)               
| | ------------------------------------------------------------------------------------------------------------------------ | - | ----------------------------------------
| | 100                                                                                                                      | % | I-Three Inc. (Canada)                   
| | 100                                                                                                                      | % | e-Auction Global Trading Inc. (Barbados)
| | 100                                                                                                                      | % | Aucxis Corp. (Canada)                   
| |                                                                                                                         
| | Aucxis Corp. NV (Belgium) has investments in
      the following companies which are accounted for by the equity method:

| | 92.5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | % | Aucxis Trading Solutions NV             
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | ----------------------------------------
| | 30.0                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | % | Aucxis Trading Services Netherlands B.V.
| | 40.0                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | % | SDL Invest NV (Belgium)                 
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                         
| | All intercompany transactions
        and balances have been eliminated.
      Aucxis Corp. NV owns a 92.5% interest in Aucxis Trading
        Solutions NV (ATS), a Belgium company. ATS is engaged in the
        installation and maintenance of auction clock and cooling systems for
        traditional auction halls and the development of software for auctions,
        including Internet-based auction systems. On April 11, 2003, Aucxis Corp.
        NV voluntarily filed for bankruptcy. As the Company has relinquished control
        of Aucxis Corp. NV to a trustee in bankruptcy, its operating results have
        not been included in the consolidated results of operations since the
        bankruptcy filing (see Note 4). With the exception of ATS, none of the
        Companys subsidiaries or other investments have significant assets,
        liabilities, cash flows or operations.

| | The investment balance consists of the following: |   |           |  |   |              | 
| | ------------------------------------------------- | - | --------- |  | - | ------------ | 
| |                                                   |   | June 30,  |  |   | December 31, | 
| |                                                   |   | 2003      |  |   | 2002         | 
| | Auction Trading Services Netherlands BV           | $ | -         |  | $ | 5,657        | 
| | Aucxis Corp. NV                                   |   | 1,008,000 |  |   | -            | 
| | SDL Invest NV                                     |   | -         |  |   | 116,931      | 
| | Equity income                                     |   | -         |  |   | 37,482       | 
| |                                                   | $ | 1,008,000 |  | $ | 160,070      | 

F-5

---

|AUCXIS CORP.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Expressed in U.S. dollars)
|-------------------------------------------------------------------------------------
|                                                                                     
|SIX MONTHS
      ENDED JUNE 30, 2003                                                 

|3. | SUMMARY OF SIGNIFICANT
        ACCOUNTING POLICIES
|-- | --------------------------------------------------
|   |                                                   
|   | (a)                                               
|   |                                                   
|   | (b)                                               
|   |                                                   
|   | (c)                                               
|   |                                                   
|   | (d)                                               
|   |                                                   
|   | (e)                                               
|   |                                                   
|   | (f)                                               
|   |                                                   
|   | (g)                                               

F-6

---

|AUCXIS CORP.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Expressed in U.S. dollars)
|-------------------------------------------------------------------------------------
|                                                                                     
|SIX MONTHS
      ENDED JUNE 30, 2003                                                 

|3. | SUMMARY OF SIGNIFICANT
        ACCOUNTING POLICIES (continued)
|-- | --------------------------------------------------------------
|   |                                                               
|   | (h)                                                           

| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Six Months Ended |  
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | - | ---------------- | -
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | June 30,         |  
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2003             |  
| |     | Net income (loss)  as reported                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $ | 404,574          |  
| |     | Add: Stock-based compensation expense included in net loss  as                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                  |  
| |     | reported                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | -                |  
| |     | Deduct: Stock-based compensation expense determined under fair                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                  |  
| |     | value method                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | (53,820          | )
| |     | Net income (loss)  pro forma                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 350,754          |  
| |     | Net income (loss) per share (basic and diluted) 
      as reported                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 0.01             |  
| |     | Net income (loss) per share (basic and diluted)  pro forma                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 0.01             |  
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                  |  
| |     | The fair value of the stock options granted
        was estimated using the Black-Scholes option pricing model with the following
        weighted-average assumptions: risk free interest rate of 5.77%, expected
        volatility of 30%, an expected option life of three years and no expected
        dividends                                                                                                                                                                                                                                                                                
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | (i) | Interim financial statements
        These interim unaudited financial statements have been prepared on
          the same basis as the annual financial statements and in the opinion
          of management, reflect all adjustments, which include only normal recurring
          adjustments, necessary to present fairly the Companys financial
          position, results of operations and cash flows for the period shown.
          The results of operations for such periods are not necessarily indicative
          of the results expected for a full year or for any future period.

F-7

---

|AUCXIS CORP.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Expressed in U.S. dollars)
|-------------------------------------------------------------------------------------
|                                                                                     
|SIX MONTHS
      ENDED JUNE 30, 2003                                                 

|3. | SUMMARY OF SIGNIFICANT
        ACCOUNTING POLICIES (continued)
|-- | --------------------------------------------------------------
|   |                                                               
|   | (j)                                                           
|   |                                                               
|   | (k)                                                           

| |  |                                       |   | Three Months Ended June 30, |   |   |          | Six Months Ended June 30, | 
| |  | ------------------------------------- | - | --------------------------- | - | - | -------- | ------------------------- | 
| |  |                                       |   | 2003                        |   |   | 2002     |                           | 
| |  | Income (loss) for the period          | $ | (33,048                     | ) | $ | (254,727 | )                         | 
| |  | Foreign currency translation adjustme |   | 184,211                     |   |   | 9,241    |                           | 
| |  | Comprehensive income (loss)           | $ | 151,163                     |   | $ | (254,727 | )                         | 

F-8

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|AUCXIS CORP.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Expressed in U.S. dollars)
|-------------------------------------------------------------------------------------
|                                                                                     
|SIX MONTHS
      ENDED JUNE 30, 2003                                                 

|**4.** | SUMMARIZED FINANCIAL INFORMATION OF DECONSOLIDATED SUBSIDIARY
        The Company has a 100% interest in Aucxis Corp. NV, a Belgium company
          (wholly-owned subsidiary), which has a 92.5% interest in Aucxis
          Trading Solutions NV (ATS). On April 11, 2003, Aucxis Corp.
          NV, voluntarily filed for bankruptcy. A trustee in bankruptcy has been
          entrusted with Aucxis Corp. NVs management and the realization
          of its assets for the benefit of its creditors. Court proceedings for
          the final verification of claims took place on June 5, 2003. Management
          of the Company is working with the trustee to maximize the proceeds
          received for ATS and to ensure there is little disruption to employees
          and normal business operations. Accordingly, the Company ceased consolidating
          the operations of Aucxis Corp. NV effective April 11, 2003 and the Companys
          investment is recorded at a net realizable value of $1,008,000.
        Summarized consolidated financial information of Aucxis Corp. NV is
          as follows:
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Current assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|       | Noncurrent assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|       | Current liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|       | Noncurrent liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|       | Minority interests                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|       | Cost of goods sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       | Net income (loss) for the period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

|5. | BANK INDEBTEDNESS
        The Companys Belgium subsidiary, ATS, has available a bank credit
          facility of approximately $266,000 (247,000 Euros) which can be used
          for operating purposes. This credit facility bears interest at the banks
          base rate plus 1.25% and is secured by certain assets of ATS. The Company
          has executed a postponement agreement in favour of the bank. Under the
          agreement, the Company may not cause the ATS subsidiary to pay dividends
          to the Company or otherwise make payments to other companies in the
          group without the consent of the bank.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|6. | RELATED PARTY TRANSACTIONS
        The Company incurred the following amounts to related parties during
          the six-month period ended June 30, 2003 and 2002, respectively:                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

| |     |                                                                                          |   | June 30, |  |   | June 30, | 
| | --- | ---------------------------------------------------------------------------------------- | - | -------- |  | - | -------- | 
| |     |                                                                                          |   | 2003     |  |   | 2002     | 
| |     |                                                                                          |   |          |  |   |          | 
| | (a) | Consulting fees to a company controlled by an officer                                    | $ | 46,043   |  | $ | 96,047   | 
| | (b) | Professional fees paid to a firm in which a director is a partner                        | $ | 17,467   |  | $ | 21,000   | 
| | (c) | Included in accounts payable is $70,473 due to a company controlled by
      an officer. |   |          |  |   |          | 

F-9

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|AUCXIS CORP.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Expressed in U.S. dollars)
|-------------------------------------------------------------------------------------
|                                                                                     
|SIX MONTHS
      ENDED JUNE 30, 2003                                                 

|7. | MANDATORY REDEEMABLE SHARES OF COMMON STOCK
        During the period, the Company finalized the disposition of a 7.5%
          interest in ATS pursuant to a court order allowing the former owners
          of ATS to reacquire a 7.5% interest in exchange for the transfer for
          cancellation of the first tranche of 454,545 shares. Accordingly, the
          Company reduced the mandatory redeemable shares of common stock by $602,267
          (454,545 shares), increased its non-controlling interest by $59,972,
          representing the carrying amount of the portion of ATS disposed of and
          recognized a gain on cancellation of mandatory redeemable common shares
          for the balance of $542,295.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|8. | SEGMENTED INFORMATION
        The Company operated in one operating segment, this being the installation
          of auction clocks and cooling systems in Belgium. Resources are allocated
          based on revenue and overall profitability by the Companys chief
          operating decision maker as defined by SFAS No. 131 Disclosures
          about Segments of an Enterprise and Related Information.                                                                                                                                                                                                                                                                                                                            

|       |                                                                                                                                                 |   | Six Months |  |   | Six Months   |  
|------ | ----------------------------------------------------------------------------------------------------------------------------------------------- | - | ---------- |  | - | ------------ | -
|       |                                                                                                                                                 |   | Ended      |  |   | Ended        |  
|       |                                                                                                                                                 |   | June 30,   |  |   | June 30,     |  
|       |                                                                                                                                                 |   | 2003       |  |   | 2002         |  
|       | Revenue                                                                                                                                         |   |            |  |   |              |  
|       | Belgium                                                                                                                                         | $ | 1,226,880  |  | $ | 2,610,771    |  
|       |                                                                                                                                                 |   |            |  |   |              |  
|       | Net income (loss) for the period                                                                                                                |   |            |  |   |              |  
|       | Canada                                                                                                                                          | $ | 365,348    |  | $ | (521,121     | )
|       | Belgium                                                                                                                                         |   | 39,226     |  |   | (26,117      | )
|       |                                                                                                                                                 | $ | 404,574    |  | $ | (547,238     | )
|       |                                                                                                                                                 |   |            |  |   |              |  
|       |                                                                                                                                                 |   | June 30,   |  |   | December 31, |  
|       |                                                                                                                                                 |   | 2003       |  |   | 2002         |  
|       | Identifiable long lived assets                                                                                                                  |   |            |  |   |              |  
|       | Canada                                                                                                                                          | $ | 21,228     |  | $ | 24,558       |  
|       | Belgium                                                                                                                                         |   | 1,008,000  |  |   | 572,650      |  
|       |                                                                                                                                                 | $ | 1,029,228  |  | $ | 597,208      |  
|       |                                                                                                                                                
|**9.** | INCOME AND LOSS PER SHARE
      The following table represents the calculation of basic and diluted
        net income (loss) per common share:

| |                                                                                                                                                                                                                                                                    |   | Six months ended | 
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | - | ---------------- | 
| |                                                                                                                                                                                                                                                                    |   | June 30,         | 
| |                                                                                                                                                                                                                                                                    |   | 2003             | 
| |                                                                                                                                                                                                                                                                    |   |                  | 
| | Net income (loss)                                                                                                                                                                                                                                                  | $ | 404,574          | 
| |                                                                                                                                                                                                                                                                    |   |                  | 
| | Weighted-average shares used in computing basic net                                                                                                                                                                                                                |   |                  | 
| | income
      (loss) per share                                                                                                                                                                                                                                      |   | 62,773,051       | 
| | Dilutive effect of common share equivalents                                                                                                                                                                                                                        |   | -                | 
| |                                                                                                                                                                                                                                                                    |   |                  | 
| | Weighted-average shares used in computing diluted net                                                                                                                                                                                                              |   |                  | 
| | income
      (loss) per share                                                                                                                                                                                                                                      |   | 62,773,051       | 
| |                                                                                                                                                                                                                                                                    |   |                  | 
| | Basic net income (loss) per share                                                                                                                                                                                                                                  | $ | 0.01             | 
| |                                                                                                                                                                                                                                                                    |   |                  | 
| | Diluted net income (loss) per share                                                                                                                                                                                                                                | $ | 0.01             | 
| |                                                                                                                                                                                                                                                                   
| | For the six months ended June 30, 2003,
        potential common shares in the form of stock options to purchase 3,054,500
        shares of common stock, were anti-dilutive and therefore not included
        in the computation of diluted earnings per share.

F-10

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|AUCXIS CORP.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Expressed in U.S. dollars)
|-------------------------------------------------------------------------------------
|                                                                                     
|SIX MONTHS
      ENDED JUNE 30, 2003                                                 

|**10.** | COMMITMENTS AND CONTINGENCIES
        The Company has an outstanding commitment to sell its remaining 40%
          investment in SDL Invest N.V., an equity method investee of the Companys
          Belgium subsidiary, to a former director of ATS under the terms of an
          option held by the former ATS director.
        Litigation
|------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                                                                                                                                                                                                   
|        | a)                                                                                                                                                                                                                                                                                                                                                
|        |                                                                                                                                                                                                                                                                                                                                                   
|        | b)                                                                                                                                                                                                                                                                                                                                                

F-11

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

When used herein, the words may, will,
  expect, anticipate, continue, estimate,
  project, intend, plan and similar expressions
  are intended to identify forward-looking statements within the meaning of Section
  21E of the Securities Exchange Act of 1934, as amended, regarding events, conditions
  and financial trends that may affect the Company's future plans of operations,
  business strategy, operating results and financial position. All statements,
  other than statements of historical facts, included or incorporated by reference
  in this Form 10-QSB which address activities, events or developments which the
  Company expects or anticipates will or may occur in the future, including such
  things as future capital expenditures (including the amount and nature thereof),
  business strategy, expansion and growth of the Companys business and operations,
  and other such matters are forward-looking statements. These statements are
  based on certain assumptions and analyses made by the Company in light of its
  experience and its perception of historical trends, current conditions and expected
  future developments as well as other factors it believes are appropriate in
  the circumstances. Such statements are not guarantees of future performance
  and are subject to risks and significant uncertainties and that actual results
  may differ materially from those included within the forward-looking statements
  as a result of various factors. The occurrence of any unanticipated events may
  cause actual results to differ from those expressed or implied by the forward-looking
  statements contained herein. You are cautioned not to place undue reliance on
  these statements, which speak only as of the date of this report.

Overview

Aucxis Corp. (Aucxis or the Company)
  was originally incorporated in Nevada on January 8, 1998 under the name Kazari
  International, Inc. (Kazari). On February 26, 1999, Kazari and e-Auction Global
  Trading Inc. (Barbados) entered into a share exchange agreement pursuant to
  which agreement Kazari purchased e-Auction (Barbados) shares on a one for one
  basis. Kazari had no viable business activities at the time of the share exchange
  agreement. On June 10, 1999, Kazari amended its name to e-Auction Global Trading
  Inc. During fiscal year 2000, Aucxis acquired Schelfhout Computer Systemen N.V.,
  Kwatrobox B.V., and I-Three, Inc. On June 12, 2001 the Company amended its charter
  to change its name to Aucxis Corp.

Aucxis currently has a wholly owned subsidiary, e-Auction
  (Barbados), which in turn has one wholly owned subsidiary, Aucxis Corp. (Canada).
  The Company also owns Aucxis Corp. (Belgium) (Aucxis NV), directly,
  which in turn has a 92.5% ownership in Aucxis Trading Solutions, N.V. (ATS)
  (formerly Schelfhout Computer Systemen N.V.), a Belgium company. Aucxis Trading
  Solutions N.V. in turn has a 33.3.% interest in Auction Trading Services Nederland
  BV (ATS Holland) formed in partnership with two of the largest flower
  auctions.

On April 11, 2003 Aucxis NV, voluntarily filed for bankruptcy.
  A trustee in bankruptcy has been entrusted with Aucxis NVs management
  and the realization of its assets for the benefit of its creditors. Court proceedings
  for the final verification of claims took place on June 5, 2003. Management
  of the Company is working with the trustee to maximize the proceeds received
  for ATS and to ensure there is little disruption to employees and normal business
  operations. Accordingly, the Company ceased consolidating the operations of
  Aucxis NV effective April 11, 2003.

ATS (formerly Schelfhout) is a solutions provider for perishable
  commodity (fish, flower, fruits and vegetables) auction houses. Over the past
  17 years ATS has developed trading systems for numerous selling organizations
  all over the world. ATS delivers the tools to bring together supply and demand
  under optimum conditions and thus create a better market situation. ATS has
  focused on two market sectors: (i) the computerization of auctions and (ii)
  automation for the preservation of perishable products. As an ancillary to the
  auction system, a modular graphic display panel was developed by ATS in 1992
  and added to the product range. ATS is engaged in the installation and maintenance
  of auction clock and cooling systems for traditional auction halls and the development
  of software for auctions, including Internet-based auction systems.

The company has temporarily suspended development of e-business
  services for the perishable commodity marketplace pending further review. Aucxis
  continues to maintain a staging environment in Toronto, Canada for
  testing and further research and development. It is managements intention
  to review business opportunities in this area in order to evaluate alternatives
  to maximize shareholder value.

3

---

Highlights of the Quarter

As the Company has relinquished control of Aucxis NV to a
  trustee in bankruptcy, the operating results of ATS, its 92.5% owned subsidiary
  have not been included in the consolidated results of operations since the bankruptcy
  filing. As a result, revenue for the three months ended June 30, 2003 was $nil
  compared to $1,302,259 in the same period in 2002. There were no costs of sales
  in the current quarter compared to $729,273 in the corresponding three-month
  period in 2002.

Selling, general and administrative expense for the three
  months ended June 30, 2003 was $69,561 as compared to $820,463 for the corresponding
  three-month period in 2002. Depreciation and amortization expense for the quarter
  was $2,328 compared to $39,005 last year. The reason for the sharp decline in
  expenses is the exclusion of the ATS results.

For the three months ended June 30, 2003 the Company had a
  loss of $33,048 compared to a loss of $285,628 for the same period in 2002.
  The significant reduction in the loss is, again, due to the exclusion of the
  ATS results. Selling, general and administrative expenses for the quarter ended
  June 30, 2003 have been offset by a gain on disposal of assets, recovery of
  inventory and usage fees from Boomboat for the use of computer and equipment.
  The company continues to charge fees to Boomboat for the equipment and furniture
  usage.

Management is continuing its revenue enhancing and cost management
  initiatives while simultaneously exploring various strategic options for the
  Company. Management will be reviewing the Collateral Management Utility (CMU)
  and related hardware to determine if the CMU justifies additional research and
  development. It is expected that this review will lead to discussions with interested
  parties for the development or sale of the CMU, depending on the outcome of
  any financings or the sale of ATS.

Liquidity and Capital Resources

As at June 30, 2003, the Company had a cash balance of $20,613,
  a significant decrease from December 31, 2002 due to the deconsolidation as
  discussed above. Future cash flows for the Company will be derived from recovery
  of outstanding receivables that have come due in August 2003, the success of
  future external financing initiatives and proceeds from the sale of ATS. Management
  continues to examine a variety of options to raise additional financing. Aucxis
  is continuing its revenue enhancement and cost management initiatives, including
  decreasing operating costs and working with creditors regarding outstanding
  payables. It is not possible at this time to predict with any assurance the
  success of any other initiatives, however management is working diligently towards
  the goal of self-sustainability.

PART II - OTHER INFORMATION

Item 1.        Legal
  Proceedings

On March 29, 2002 Mr. Schelfhout and Mrs. De Laet brought
  an ex parte application before Court of Dendermonde (Belgium), which granted
  them authorization to apply a restraint order to a portion of the ATS shares
  held by Aucxis NV (Belgium). The restraint order was effectively applied on
  that same date with a view to securing the alleged damages that may be due in
  respect of the arbitration proceedings.

On March 17, 2003, the former owners of the Companys
  subsidiary, ATS, obtained a restraining order against the Company, effectively
  securing the remaining 92.5% of the ATS shares to satisfy any ultimate judgement
  which might be awarded to the former owners of ATS as a result of their claims
  alleging misrepresentations by the Company prior to and subsequent to the closing
  of the ATS share purchase by the Company in January 2000.

Written pleadings, with regard to the arbitration, will be
  submitted by all parties, Aucxis NV trustee in bankruptcy, Aucxis Corp. and
  Schelfhout, at various dates throughout September, October and November. A hearing
  has been scheduled for November 28, 2003.

4

---

Except as described above, management does not have knowledge
  of any material litigation pending, threatened or contemplated, or unsatisfied
  judgments against the Company or its affiliates, or any proceedings in which
  the Company or its affiliates is a party. Similarly, management is without knowledge
  as to any legal actions pending or threatened or judgments entered against the
  Company's executive officers and directors in their capacity as such, other
  than to the extent such individuals are named in the above actions.

Item 5.        Other
  Information

In recent communications with the trustee in bankruptcy, management
  has been informed that the bidding process for the sale of ATS, which began
  in September, may proceed to a second round involving the three highest bidders.
  The process originally contemplated that prospective candidates would be provided
  with certain pre-agreed information on ATS by the Aucxis NV trustee in bankruptcy
  and after a two week period would present, in a sealed envelope, an unconditional
  offer for the acquisition of the shares of ATS. The Aucxis NV trustee in bankruptcy
  would then, together with a judge appointed by the Commercial Court, assess
  the offers and, if the offers were considered reasonable, he would select the
  highest bidder, with whom he will in good faith and on an exclusive negotiate
  the acquisition of ATS within 30 days. At the time of this filing the bidding
  process has not yet been completed. The proceeds from the sale of the ATS shares
  will be held in escrow by the Aucxis NV trustee in bankruptcy, who will, under
  supervision of the Commercial Court, divide them between the involved parties
  once all pending disputes have been settled or reached their conclusion.

Item 6.        Exhibits And Reports
  On Form 8-K

| | (a)                                            | Exhibits.          
| | ---------------------------------------------- | -------------------
| |                                                |                    
| |                                                | 32.1               
| |                                                |                    
| | (b)                                            | Reports on Form 8-K
| |                                                |                    
| | The Company has no reports on Form 8K to file.

SIGNATURES

In accordance with the requirements of the Securities Exchange
  Act of 1934, as amended, the Company has caused this report to be signed on
  its behalf by the undersigned thereunto duly authorized.

|Date: October 14, 2003 | Aucxis Corp.
|---------------------- | ------------
|                       | (Registrant)
|                       |             
|                       | By:         
|                       |             
|                       |             

5

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