UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                                 FORM 10-QSB

              ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended September 30, 2003

                         Commission File Number 000-29707

                            GREENHOLD GROUP, INC.
            ------------------------------------------------------

(Exact name of registrant as specified in its charter)

FLORIDA                                 65-0910697
(State or other jurisdiction of        (I.R.S. Employer
incorporation or organization)         Identification No.)

                               4300 N. Ocean Blvd
                        Fort Lauderdale, Florida 33308

                                 (321) 727-3020
             (Registrant's telephone number, including area code)


     As of November 14, 2003, there were 11,575.040 shares of the registrant's
Common Stock outstanding.

<PAGE>


PART I.	FINANCIAL INFORMAITON

Item 1.  Financial Statements.

The Financial Statements are included with this report commencing on page F-1.

Item 2.  Plan of Operation.

The company is currently pursuing an opportunity in the newly emerging
carbon credits business and   has engaged a number of consultants to negotiate
a deal. These consultants were paid in full for their services by issuing 2
million S-8 shares at a value of $.04 each.  The debt owed by Accentra, Inc.
for the purchase of subscribers in is default because of their failure to
make scheduled monthly payments effective May 15,2003. Management is
considering its option to collect the debt, including recovery of the
subscribers.


Item 3.  Controls and Procedures.

The Company maintains disclosure controls and procedures that are
designed to ensure that information required to be disclosed in the Company's
Securities Exchange Act reports is recorded, processed, summarized and
reported within the time periods specified in the SEC's rules and forms,
and that such information is accumulated and communicated to the Company's
management, including its Chief Executive Officer and Chief Financial Officer,
as appropriate, to allow timely decisions regarding required disclosure.
In designing and evaluating the disclosure controls and procedures,
management recognized that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving
the desired control objectives, and management necessarily was required to
apply its judgment in evaluating the cost-benefit relationship of possible
controls and procedures.

During the 90-day period prior to the date of this report, an evaluation was
performed under the supervision and with the participation of our Company's
management, including the Chief Executive Officer and the Chief Financial
Officer, of the effectiveness of the design and operation of the Company's
disclosure controls and procedures.  Based upon that evaluation, the Chief
Executive Officer and the Chief Financial Officer concluded that the
Company's disclosure controls and procedures were effective.  Subsequent to
the date of this evaluation, there have been no significant changes in the
Company's internal controls or in other factors that could significantly
affect these controls, and no corrective actions taken with regard to
significant deficiencies or material weaknesses in such controls.


<PAGE>


PART II.	OTHER INFORMATION

Item 1.  Legal Proceedings.

Southwest Florida Real Estate Company, LLC sued the company on January 21,
2003, claiming $307,008.00, as rent due from a lease existing with the
company's partially owned subsidiary Online ServicesUSA, Inc, in the
Circuit Court of The Twentieth Judicial District in and for Lee County,
Florida. Case No. 03-CA LG. The company believes the case has no merit
and is in the process of filing for Summary Judgment.

Tony Holley sued the company for $27,271.15 in the Circuit Court of
Walton County, Florida on March 12,2003. Case #03ca000066. The company
had negotiated an extended 6-month payment schedule with Mr. Holley and
it was agreed that a payment of $1,000 per month would suffice until the
company had reorganized it affairs. Subsequent to that agreement, Mr.
Holley sued, claiming the whole amount being due. The original agreement
to purchase shares from Mr. Holley stipulated the legal jurisdiction as the
Circuit Court in Broward County, Florida. The company believes the lawsuit
will be dismissed in Walton County. The company also believes the case is
without merit and believes the court will support the payment amount of
$1,000 per month for the next six months.


Item 2.  Changes in Securities and Use of Proceeds.

n/a


Item 3.  Defaults Upon Senior Securities.

n/a


Item 4.  Submission of Matters to a Vote of Security Holders

No matter was submitted during the quarter ending September 30, 2003, covered
by this report to a vote of the Company's shareholders, through the
solicitation of proxies or otherwise.


Item 5.  Other Information.

n/a


Item 6.  Exhibits and Reports on Form 8-K.

No Reports on Form 8-K were filed during the last quarter of the period
covered by this report.




<PAGE>

              GREENHOLD GROUP, INC & SUBSIDIARIES
                 (A Development Stage Company)
              CONDENSED CONSOLIDATED BALANCE SHEET
                       SEPTEMBER 30, 2003
                           (Unaudited)

                             ASSETS

CURRENT ASSETS
 Cash                                                 $    2,127
 Accounts receivable                                         659
 Due from related party                                   22,378
                                                      -----------
     Total Current Assets                                 25,164

PROPERTY, FURNITURE AND EQUIPMENT - NET                   24,639

DEPOSITS                                                     410
                                                      -----------
TOTAL ASSETS                                          $   50,213
                                                      ===========

         LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES
 Accounts payable and accrued expenses                $1,118,323
 Current portion of notes payable                         83,796
 Notes payable - stockholders                            222,005
                                                      -----------
     Total Current Liabilities                         1,424,124

NOTES PAYABLE, LESS CURRENT PORTION                       15,024
                                                      -----------
     Total Liabilities                                 1,439,148
                                                      -----------
MINORITY INTEREST                                         37,566
                                                      -----------
STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, $.001 par value 50,000,000
  shares authorized, 9,575,040 shares issued
  and outstanding                                          9,575
 Additional paid-in capital                            5,290,934
 Deferred compensation                                   (48,614)
 Deficit                                              (6,480,059)
 Deficit accumulated during the development
  stage                                                 (198,337)
                                                      -----------
     TOTAL STOCKHOLDERS' EQUITY (DEFICIT)             (1,426,501)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY            -----------
 (DEFICIT)                                            $   50,213
                                                      ===========



   Read accompanying Notes to Financial Statements.


                                       F-1

<PAGE>

                          GREENHOLD GROUP, INC. & SUBSIDIARIES
                              (A Development Stage Company)
                     CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                       (Unaudited)

<TABLE>
<CAPTION>



                                             Three Months Ended         Nine Months Ended         Period from
                                               September 30,             September 30,         January 1, Through
                                            2003            2002       2003         2002       September 30, 2003
                                            ----            ----       ----         ----       ------------------
<S>                                      <C>            <C>          <C>          <C>             <C>
REVENUES                                 $    -         $ 155,994      $   -      $   906,525       $   -

COST OF REVENUES                              -           108,575          -          447,638           -
                                         ---------      ---------    ---------    -----------       --------

GROSS PROFIT                                  -            47,419          -          458,887           -
                                         ---------      ---------    ---------    -----------       --------

EXPENSES
 General and administrative                 18,367        507,411      116,811      1,222,572        116,811
 Depreciation and amortization                 148        291,735        5,259        753,613          5,259
 Interest expense                           14,869        143,171       39,015        294,915         39,015
 Minority interest in net income              -               552          -            1,654            -
                                         ---------      ---------    ---------    -----------       --------
     Total Expenses                         33,384        942,869      161,085      2,272,754        161,085
                                         ---------      ---------    ---------    -----------       --------

OPERATING (LOSS)                           (33,384)      (895,450)    (161,085)    (1,813,867)      (161,085)
                                         ---------      ---------    ---------    -----------       --------
OTHER INCOME (EXPENSES)
 Interest income                              -              -           1,661           -             1,661
 (Loss) on disposal of property
  and equipment                               -              -         (38,913)          -           (38,913)
 Gain on sale of subscriber lists             -           280,783          -          229,642            -
 Income from subsidiary                       -           198,883          -          198,883            -
                                         ---------      ---------    ---------    -----------       --------
     Total Other Income                       -           479,666      (37,252)       428,525        (37,252)
                                         ---------      ---------    ---------    -----------       --------
(LOSS) FROM CONTINUING OPERATIONS          (33,384)      (415,784)    (198,337)    (1,385,342)      (198,337)

INCOME (LOSS) FROM DISCONTINUED
OPERATIONS                                   -            (6,224)         -            23,481            -
                                         ---------      ---------    ---------    -----------       --------
NET (LOSS)                               $ (33,384)     $(422,008)   $(198,337)   $(1,361,861)     $(198,337)
                                         =========      =========    ==========   ===========      =========

(LOSS) PER SHARE:
 (Loss) from continuing operations       $    (.01)     $    (.04)    $   (.02)   $      (.14)
 Income from discontinued operations          -              -            -              -
                                         ---------      ---------    ---------    -----------
NET (LOSS)                               $    (.01)     $    (.04)    $   (.02)   $      (.14)
                                         =========      =========    =========    ===========

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING                      9,575,040      9,497,897     8,626,963     9,420,040
                                         =========      =========     =========   ===========


</TABLE>
                 Read accompanying Notes to Condensed Financial Statements.


                                       F-2


<PAGE>


                          GREENHOLD GROUP, INC. & SUBSIDIARIES
                              (A Development Stage Company)
                     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                       (Unaudited)



<TABLE>
<CAPTION>



                                                         Nine Months Ended               Period from
                                                           September 30,              January 1, Through
                                                      2003              2002          September 30, 2003
                                                      ----              ----         -------------------
<S>                                                <C>               <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net (loss)                                       $(198,337)        $(1,361,861)      $(198,337)
  Adjustments to reconcile net loss to net
  cash (used in) operating activities:
    Depreciation and amortization                      5,259             758,980           5,259
    Provision for bad debts                           39,418                -             39,418
    Minority interest in net income                     -                  1,654             -
    Common stock issued for services                  31,986             250,000          31,986
    Gain on sale of subscriber lists                    -               (229,642)            -
    Loss on disposal of property and
     equipment                                        38,913                -             38,913
    Income from subsidiary                              -               (198,883)            -
    Changes in net assets and liabiities
     net of effects from purchase transaction:
    (Increase) decrease in:
     Accounts receivable                                (659)             18,518            (659)
     Due from related party                           11,831                -             12,830
     Deposits                                           -                   (450)           -
    Increase (decrease) in:
     Accounts payable and accrued expenses            50,040             551,043          50,040
     Deferred revenue                                   -                (67,467)           -
     Due to related party                               -                (32,614)           -
                                                  ----------          ----------        ----------
NET CASH PROVIDED BY (USED IN) OPERATING
 ACTIVITIES                                          (21,549)           (310,722)        (21,549)
                                                  ----------          ----------        ----------
CASH FLOWS FROM INVESTING ACTIVITIES
 Cash received from repayment of note
  receivable - buyer of subscriber lists              16,596               7,895          16,596
 Cash acquired from acquisition                         -                    906            -
 Proceeds received on sale of subscriber
  lists                                                 -                622,966            -
 Proceeds received on disposal of property
  and equipment                                        4,650                -              4,650
 Purchase of property and equipment                      -               (69,822)           -
  Net advances from subsidiary                           -                32,958            -
                                                  ----------          ----------        ----------
NET CASH PROVIDED BY INVESTING ACTIVITIES             21,246             594,903          21,246
                                                  ----------          ----------        ----------

</TABLE>

                       Read accompanying Notes to Financial Statements.

                                       F-3

<PAGE>



                          GREENHOLD GROUP, INC. & SUBSIDIARIES
                              (A Development Stage Company)
                     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                       (Unaudited)



<TABLE>
<CAPTION>



                                                        Nine Months Ended               Period from
                                                           September 30,             January 1, Through
                                                      2003              2002         September 30, 2003
                                                      ----              ----         -------------------
<S>                                                <C>               <C>               <C>
CASH FLOWS FROM FINANCING ACTIVITIES:
 Proceeds from notes payable - stockholders          178,821           104,477           178,821
 Repayment of notes payable - stockholders          (162,540)         (253,720)         (162,540)
 Repayment of notes payable                          (14,707)         (128,714)          (14,707)
 Proceeds from note payable - bank                      -               50,383              -
 Repayment of notes payable - bank                      -              (20,153)             -
 Repayment of capital lease obligation                  -               (8,343)             -
                                                  ----------        ----------        ----------
NET CASH PROVIDED BY (USED IN)
 FINANCING ACTIVITIES                                  1,574          (256,070)            1,574
                                                  ----------        ----------        ----------

NET INCREASE IN CASH                                   1,271            28,111             1,271
CASH - BEGINNING                                         856             6,923               856
                                                  ----------        ----------        ----------
CASH - ENDING                                      $   2,127         $  35,034         $   2,127
                                                  ==========        ==========        ==========

SUPPLEMENTAL DISCLOSURES OF CASH
 FLOW INFORMATION:
  Cash paid during the year for:
   Interest                                        $   4,273        $   31,035         $   4,273
                                                  ==========       ===========        ==========

SUPPLEMENTAL DISCLOSURE OF NONCASH
INVESTING AND FINANCING ACTIVITIES:

 Common shares issued for services
 rendered and to be rendered.                      $  80,600        $  250,000         $  80,600
                                                  ==========       ===========        ==========

 Common shares issued for bulk web
 hosting software.                                 $   -            $  250,000         $    -
                                                  ==========       ===========        ==========

Common shares issued and notes payable
incurred upon acquisition of all of the
outstanding common shares of Dot (SR), Inc.        $   -            $5,000,000         $    -
                                                  ==========       ===========        ==========


Common shares issued and debt assumed upon
acquisition of all of the outstanding common
shares of Ictransnet, Inc.                         $   -            $  230,611         $    -
                                                  ==========       ===========        ==========
</TABLE>


    Read accompanying Notes to Condensed Financial Statements.

                                       F-4



<PAGE>


              GREENHOLD GROUP, INC. & SUBSIDIARIES
                 (A Development Stage Company)
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                       SEPTEMBER 30, 2003



NOTE 1.   ORGANIZATION

          Greenhold Group, Inc. was incorporated on March 22, 1999
          under the laws of the State of Florida. With the sale of
          subscribers and the discontinuance of operations of Dot
          (SR), Inc. during the year ended December 31, 2002, the
          Company has effectively ceased as an operating entity.
          Commencing January 1, 2003, it became a development stage
          company. Management is considering several scenarios to
          restructure the company (Note 4).

NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          Basis of Presentation

          The accompanying condensed consolidated financial
          statements are unaudited. These statements have been
          prepared in accordance with the rules and regulations of
          the Securities and Exchange Commission (SEC). Certain
          information and footnote disclosures normally included in
          financial statements prepared in accordance with
          generally accepted accounting principles have been
          condensed or omitted pursuant to such rules and
          regulations. In the opinion of management, all
          adjustments (which include only normal recurring
          adjustments) considered necessary for a fair presentation
          have been included. These financial statements should be
          read in conjunction with the Company's financial
          statements and notes thereto for the year ended December
          31, 2002, included in the Company's Form 10-KSB as filed
          with the SEC.

          Principles of Consolidation

          These consolidated financial statements include the
          accounts of the Company and its more than 50% owned
          subsidiaries, On Line Services U.S.A., Inc., Shadrach
          Enterprises, Inc., DeFuniak Springs Internet, Inc. and
          DNT (Tech), Inc. All significant intercompany balances
          and transactions have been eliminated in consolidation.

                                       F-5

<PAGE>

              GREENHOLD GROUP, INC. & SUBSIDIARIES
                 (A Development Stage Company)
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                       SEPTEMBER 30, 2003



NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

          Loss Per Share

          Loss per share is computed by dividing net loss for the
          period by the weighted average number of shares
          outstanding.

          Use of Estimates

          Management uses estimates and assumptions in preparing
          financial statements in accordance with generally
          accepted accounting principles.  Those estimates and
          assumptions affect the reported amounts of assets and
          liabilities, the disclosure of contingent assets and
          liabilities, and the reported revenues and expenses.
          Accordingly, actual results could vary from the estimates
          that were assumed in preparing the financial statements.

NOTE 3.   CAPITAL STOCK

          The Company has authorized 50,000,000 common shares with
          a par value of $.001 per share.

          During April and May 2003, the Company issued 2,015,000
          common shares for consulting services rendered and to be
          rendered for a value of $80,600. Deferred compensation of
          $48,614 has been reflected as a deduction in
          stockholders' equity for those services to be rendered.

          On August 1, 2002, the Company recalled and canceled
          1,650,000 common shares without consideration. On
          December 21, 2000, 850,000 of these common shares were
          issued relating to the purchase of a subscriber list of
          an Internet service provider. During the quarter ended
          March 31, 2002, this subscriber list was sold. The
          cancellation of these common shares has been accounted
          for as additional proceeds on the sale equal to $.45 per
          share, the price per share as of August 1, 2002, for a

                                       F-6


<PAGE>

              GREENHOLD GROUP, INC. & SUBSIDIARIES
                 (A Development Stage Company)
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                       SEPTEMBER 30, 2003



NOTE 3.   CAPITAL STOCK (CONTINUED)

          total of $382,500. The remaining 800,000 common shares
          were canceled at par as these shares were issued to
          founders.

          On July 8, 2002, the Company issued 130,000 common shares
          valued at $130,000 as partial consideration for the
          acquisition of all the outstanding common shares of
          Ictransnet, Inc., an Internet service provider.

          During the nine months ended September 2002, the Company
          issued 250,000 common shares for legal, consulting and
          promotion services rendered for a value of $250,000.

          On January 29, 2002, the Company issued 250,000 common
          shares for bulk web hosting software valued at $250,000.

          As of September 30, 2003, 9,575,040 common shares were
          issued and outstanding.

NOTE 4.   GOING CONCERN

          The Company continues to incur operating losses and has
          incurred an operating loss of $198,337 for the nine
          months ended September 30, 2003. The Company also has a
          working capital deficit of $1,398,960 as of September 30,
          2003. With the sale of its subscribers and the
          discontinuance of the operations of Dot (SR), Inc. during
          the year ended December 31, 2002, the Company has
          effectively ceased as an operating entity. These
          conditions create an uncertainty as to the Company's
          ability to continue as a going concern. Management is
          considering several scenarios to restructure the company
          including seeking new equity or debt investments,
          acquiring another operating entity of entering into a new
          line of business. The ability of the Company to continue
          as a going concern is dependent upon the success of these
          actions. The accompanying financial statements have been
          presented on the basis of the continuation of the Company
          as a going

                                       F-7

<PAGE>

              GREENHOLD GROUP, INC. & SUBSIDIARIES
                 (A Development Stage Company)
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                       SEPTEMBER 30, 2003



NOTE 4.   GOING CONCERN (CONTINUED)

          concern and do not include any adjustments relating to
          the recoverability and classification of recorded asset
          amounts or the amounts and classification of liabilities
          that might be necessary should the Company be unable to
          continue as a going concern.






                                       F-8


<PAGE>







Signatures

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized, on November 18, 2003.

                           GREENHOLD GROUP, INC.

                           By: /s/ John Harris
                              ----------------
                            John Harris, President,
                            Chief Executive Officer and
                            Chief Financial Officer




In accordance with the requirements of the Exchange Act, this report has
been signed by the following persons on behalf of the registrant and in
the capacities indicated on November 18, 2003.

                           By: /s/ John Harris
                              ----------------
                            John Harris, President,
                            Chief Executive Officer and
                            Chief Financial Officer

<PAGE>


                     SECTION 906 CERTIFICATIONS

Each of the undersigned hereby certifies in his capacity as an
officer of Greenhold Group, Inc. (the "Company") that the
Quarterly Report of the Company on Form 10-QSB for the period ended
September 30, 2003 fully complies with the requirements of Section 13(a)
of the Securities Exchange Act of 1934 and that the information
contained in such report fairly presents, in all material respects,
the financial condition and the results of operations of the Company.


                                   November 18, 2003


                                   By: /s/ John Harris
                                   --------------------
                                   John Harris
                                   Chief Executive Officer
                                   Chief Financial Officer


<PAGE>


                      SECTION 302 CERTIFICATIONS
                      --------------------------

I, John Harris, certify that:

1. I have reviewed this annual report on Form 10-QSB of Greenhold Group, Inc.

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this annual report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of
the registrant as of, and for, the periods presented in this annual
report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

   a) Designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this annual report is being prepared;

   b) Evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this annual
report (the "Evaluation Date"); and

   c) Presented in this annual report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date.

5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):

   a) All significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

   b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls.

6. The registrant's other certifying officers and I have indicated in this
annual report whether there were significant changes in internal controls
or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


                                   November 18, 2003


                                   By: /s/ John Harris
                                   --------------------
                                   John Harris
                                   Chief Executive Officer
                                   Chief Financial Officer



<PAGE>