U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED NOVEMBER 30, 2001

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934 FOR THE TRANSITION PERIOD FROM

                        Commission file number: 000-28935

                            OMNINET MEDIA CORPORATION
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

            Nevada                                          88-0492265
--------------------------------------------------------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation or organization)

             1355 E. Balboa Blvd., Suite A, Newport Beach, CA 92661
--------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                  949-701-0979
--------------------------------------------------------------------------------
                            Issuer's telephone number

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

Securities registered pursuant to Section 12(g) of the Act: Common Stock $.0001
par value

Check whether the issuer is not required to file reports pursuant to Section 13
or 15(d) of the Exchange Act. [ ]

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 [ ] No [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. As of April 30, 2006, there were
98,554,712 common shares outstanding.

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

<PAGE>


                            OMNINET MEDIA CORPORATION

                         Quarterly Report on Form 10-QSB


                                Table of Contents

                                                                            Page
                                                                            ----
PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)                                     3

Condensed Consolidated Balance Sheet:
November 30, 2001 (unaudited)                                                 4

Condensed Consolidated Statements of Income (unaudited):
Three Months Ended November 30, 2000 and 2001                                 5

Condensed Consolidated Statements of Cash Flows (unaudited):
Three Months November 30, 2000 and 2001                                       6

Notes to Condensed Consolidated Financial Statements (unaudited):             7

Item 2.  Management Discussion and Analysis                                  10

Item 3. Controls and Procedures                                              10

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings                                                   11

Item 2.  Changes in Securities                                               11

Item 3.  Defaults Upon Senior Securities                                     11

Item 4.  Submission of Matters to a Vote of Security Holders                 11

Item 5.  Other Information                                                   11

Item 6.  Exhibits                                                            11

Signatures                                                                   11


                                       2
<PAGE>


ITEM 1.  FINANCIAL STATEMENTS (Unaudited)



                                       3
<PAGE>


                            OMNINET MEDIA CORPORATION
                       (Formerly OmniNet Media.Com, Inc.)
                                  BALANCE SHEET

--------------------------------------------------------------------------------
                                     ASSETS
                                                                  November 30,
                                                                      2001
                                                                  ------------
Current assets:
  Cash                                                            $       --
                                                                  ------------

      Total current assets                                                --
                                                                  ------------

      Total assets                                                $       --
                                                                  ============


                 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)

Accounts payable                                                  $    772,105
Notes payable, related party (Note 4)                                   22,090
                                                                  ------------

Total liabilities                                                      794,195

Contingency (Note 5)                                                      --

Shareholders' equity: (Note 6)
  Preferred stock par value $0.0001, 10,000,000 shares
   Authorized, none issued and outstanding at November 30, 2001
  Common stock par value $0.0001 100,000,000 shares
   authorized; 48,554,712 issued and outstanding at
    November 30, 2001                                                    4,552
  Additional paid in capital                                         3,483,107
  Accumulated deficit                                               (4,176,089)
                                                                  ------------

                                                                      (693,430)
Less: Subscription receivable                                         (100,765)
                                                                  ------------

      Total shareholders' equity (deficit)                            (794,195)
                                                                  ------------

      Total liabilities and shareholders' equity (deficit)        $       --
                                                                  ============


                                       4
<PAGE>
<TABLE>
<CAPTION>

                               OMNINET MEDIA CORPORATION
                          (Formerly OmniNet Media.Com, Inc.)
                               STATEMENTS OF OPERATIONS
          FOR THE THREE MONTHS ENDING NOVEMBER 30, 2000 AND NOVEMBER 30, 2001
--------------------------------------------------------------------------------------

                                                          Three Months    Three Months
                                                             Ending          Ending
                                                          November 30,    November 30,
                                                              2000            2001
                                                          ------------    ------------
<S>                                                       <C>             <C>

Revenues                                                  $       --      $       --
                                                          ------------    ------------

     Total revenues                                               --              --
                                                          ------------    ------------

Operating expenses:
   General and administrative                                   54,116            --
   Impaired loss on license agreements                          61,916            --
                                                          ------------    ------------

     Total operating expenses                                 (116,032)           --
                                                          ------------    ------------

Other income (expense): Non-controlling interest                24,766
    Interest expense                                              --              --
    Forgiveness of debt                                           --              --
                                                          ------------    ------------

Net income (loss) before income taxes                          (91,266)           --

Provision for income taxes                                        --              --
                                                          ------------    ------------

Net income (loss)                                         $    (91,266)   $       --
                                                          ============    ============
Net income (loss) per share - basic                       $     (0.002)   $       --
                                                          ============    ============

Net income (loss) per share - diluted                     $       --      $       --
                                                          ============    ============

Weighted average number of shares outstanding - basic       42,278,173      48,554,712
                                                          ============    ============

Weighted average number of shares outstanding - diluted     42,278,173      48,554,712
                                                          ============    ============

</TABLE>



                                       5
<PAGE>
<TABLE>
<CAPTION>



                                 OMNINET MEDIA CORPORATION
                            (Formerly OmniNet Media.Com, Inc.)
                                 STATEMENTS OF CASH FLOWS
            FOR THE THREE MONTHS ENDING NOVEMBER 30, 2000 AND NOVEMBER 30, 2001
------------------------------------------------------------------------------------------

                                                              Three Months    Three Months
                                                                  Ended           Ended
                                                              November 30,    November 30,
                                                                  2000            2001
                                                              ------------    ------------
<S>                                                           <C>             <C>
Cash flows from operating activities:
   Net income (loss)                                          $    (91,266)   $       --
Adjustments to reconcile net (loss) to net cash:
   Gain from forgiveness of debt                                      --              --
   Stock compensation for services                                    --              --
   Decrease in accounts payable                                       --              --
   Depreciation and amortization                                     8,142            --
   Minority interest in net loss of consolidated subsidiary        (24,766)           --
   Impairment loss on license agreements                            61,916            --
   Decrease in prepaid expenses                                      6,779            --
   Decrease in security deposit                                      2,790            --
   Increase in accounts payable and accrued expenses                12,895            --
                                                              ------------    ------------

Net cash provided by ( used in) operating activities               (23,510)           --

Cash flows from financing activities:
   Proceeds from issuance of common stock                             --              --
   Borrowings from related parties                                    --              --
   Proceeds from notes payable                                      22,090            --
   Payments on notes payable                                          --              --
                                                              ------------    ------------

Net cash provided by (used in) financing activities                 22,090            --
                                                              ------------    ------------

Net change in cash                                                  (1,420)           --

Cash, beginning of year                                              1,420            --
                                                              ------------    ------------

Cash, end of year                                             $       --      $       --
                                                              ============    ============

Schedule of Non Cash Investing and Financing                          --
   Activities: (delete since all zero)
     Issuance of common stock in exchange for services        $       --      $       --
                                                              ============    ============

     Issuance of common stock for subscriptions
        receivable                                            $       --      $       --
                                                              ============    ============
</TABLE>


                                       6
<PAGE>

1.       HISTORY AND ORGANIZATION OF THE COMPANY
         ---------------------------------------

         OmniNet Media Corporation (formerly OmniNet Media.Com, Inc.) (the
         Company) was incorporated on March 12, 1997 as Clinical Aesthetics
         Centre, Inc. (Clinical) under the laws of the State of Nevada. Clinical
         conducted no active business operations from inception through July
         1998. On July 27, 1998 Clinical entered into a business reorganization
         in which it issued 5,250,000 of its common shares in exchange for all
         the issued and outstanding shares of TriCom Technology Group, Inc.
         (TriCom), a Nevada corporation formed on July 14, 1998. TriCom
         continued to operate under its own name, but failed in its attempt to
         operate as an advertising and communications company. It became
         inactive, and remained inactive until February 2000.

         On February 18, 2000 the Board of Directors of TriCom approved the
         issuance of 5,000,000 of its common shares in exchange for 100% of the
         issued and outstanding stock of OmniNet Media.Com, Inc. which had been
         formed as a Nevada business corporation on January 7, 2000 under the
         name of Kioskcoupon.Com, Inc.(Kioskcoupon) Its business purpose was to
         provide communications services. Kioskcoupon had changed its name to
         OmniNet Media.Com, Inc. by amendment to its articles of incorporation
         on January 20, 2000. TriCom subsequently adopted the name of its
         subsidiary by amending its articles of incorporation to change its name
         to OmniNet Media.Com, Inc. and then to OmniNet Media Corp.

         OmniNet Media Corporation's main business activity targeted the
         television and promotional advertising market by offering both grocery
         retailer and national food advertiser with a new and efficient in-store
         advertising medium consisting of internet-enabled networked
         large-screen video displays, for the purpose of disseminating timely,
         centralized multi-media advertising messages directly into the retailer
         environment to influence the buyer at the moment of decision. The
         Company was unable to fund operations as an advertising and
         communications company and became inactive in late 2001, and remains
         inactive and for all intents and purposes exists as a development stage
         company.

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
         ------------------------------------------
         INTERIM FINANCIAL INFORMATION
         -----------------------------

         The financial statements of the Company as of November 30, 2001 and for
         the three months ended November 30, 2001, and footnote information are
         unaudited. All adjustments (consisting only of normal recurring
         adjustments) have been made which, in the opinion of management, are
         necessary for a fair presentation. Results of operations for the three
         months ended November 30, 2001 are not necessarily indicative of the
         results that may be expected for any future period. Certain information
         and footnote disclosures, normally included in financial statements
         prepared in accordance with accounting principles generally accepted in
         the United States of America, have been omitted. These financial
         statements should be read in conjunction with the Company's Annual
         Report on form 10-KSB for the year ended August 31, 2001.

         Use of Estimates
         ----------------

         The preparation of financial statements in accordance with accounting
         principles generally accepted in the United States requires management
         to make estimates and assumptions that affect the reported amounts of
         assets and liabilities and disclosure of contingent assets and
         liabilities, and the reported amounts of revenues and expenses during
         the reporting period. Actual results could differ from those estimates.


                                       7
<PAGE>

2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
         ------------------------------------------

         Earnings Per Share
         ------------------

         In February 1997, the Financial Accounting Standards Board (FASB)
         issued SFAS No. 128 "Earnings Per Share" which requires the Company to
         present basic and diluted earnings per share, for all periods
         presented. The computation of loss per common share (basic and diluted)
         is based on the weighted average number of shares actually outstanding
         during the period.

         Income Taxes
         ------------

         Deferred income taxes are reported using the liability method. Deferred
         tax assets are recognized for deductible temporary differences and
         deferred tax liabilities are recognized for taxable temporary
         differences. Temporary differences are the differences between the
         reported amounts of assets and liabilities and their tax bases.

         Deferred tax assets are reduced by a valuation allowance when, in the
         opinion of management, it is more likely than not that some portion or
         all of the deferred tax assets will not be realized. Deferred tax
         assets and liabilities are adjusted for the effects of changes in tax
         laws and rates on the date of enactment.


3.       GOING CONCERN
         -------------

         The accompanying financial statements have been prepared in a going
         concern basis, which contemplates the realization of assets and the
         satisfaction of liabilities in the normal course of business. The
         Company has incurred cumulative net losses of approximately $4,176,000
         since its inception and will require additional capital for is
         operational activities. The Company plans to complete a plan to merge
         with an operating company over the next twelve months. If it is unable
         to merge with an operating company, the business plan will be
         significantly delayed. The Company does not have any formal commitments
         or arrangements for the completion of a merger with an operating
         company . The Company's ability to raise additional capital through the
         future issuance of the common stock is unknown.

         The obtainment of additional financing and its transition, ultimately,
         to the attainment of profitable operations are necessary for the
         Company to continue operations. These factors, among others, raise
         substantial doubt about the Company's ability to continue as a going
         concern. The financial statements of the Company do not include any
         adjustments that may result from the outcome of these aforementioned
         uncertainties.

                                       8
<PAGE>


4.       NOTE PAYABLE - RELATED PARTY
         ----------------------------

         The Company owed $22,090 on a note payable to a related party. The note
         payable is non-interest bearing and is due on demand.



5.       CONTINGENCY
         -----------

         As of the year ended August 31, 2001, the Company owed approximately
         $772,000 to various vendors. The current management believes that the
         statute of limitations related to these liabilities has run out as of
         August 31, 2005 and therefore can defeat any legal action to collect
         Reported Liabilities based upon the affirmative defense that the
         creditor's claim are barred for the four year limitation period set
         forth in Section 337 of the California Code of Civil Procedure. The
         Company has credited approximately $772,000 to forgiveness of debt for
         the year ended August 31, 2005.







                                       9
<PAGE>

ITEM 2.  MANAGEMENT DISCUSSION AND ANALYSIS

OmniNet Media Corporation ("OmniNet" or the "Company") has reorganized itself
and ceased all business operations other than to locate and negotiate with a
business entity for the combination of that target company with OmniNet. A
combination will normally take the form of a merger, stock-for-stock exchange or
stock-for-assets exchange (the "business combination"). In most instances, the
target company will wish to structure the business combination to be within the
definition of a tax-free reorganization under Section 351 or Section 368 of the
Internal Revenue Code of 1986, as amended. No assurances can be given that
OmniNet will be successful in locating or negotiating with any target business.

OmniNet has not restricted its search for any specific kind of businesses, and
it may acquire a business which is in its preliminary or development stage,
which is already in operation, or in essentially any stage of its business life.
It is impossible to predict the status of any business in which OmniNet may
become engaged, in that such business may need to seek additional capital, may
desire to have its shares publicly traded, or may seek other perceived
advantages which OmniNet may offer.

In implementing a structure for a particular business acquisition, OmniNet may
become a party to a merger, consolidation, reorganization, joint venture, or
licensing agreement with another corporation or entity.

It is anticipated that any securities issued in any such business combination
would be issued in reliance upon exemption from registration under applicable
federal and state securities laws. In some circumstances, however, as a
negotiated element of its transaction, OmniNet may agree to register all or a
part of such securities as part of the business combination or at specified
times thereafter.

Negotiations with a target company will likely focus on the percentage of
OmniNet which the target company shareholders would acquire in exchange for
their shareholdings. Although the terms of such agreements cannot be predicted,
generally such agreements will require certain representations and warranties of
the parties thereto, will specify certain events of default, will detail the
terms of closing and the conditions which must be satisfied by the parties prior
to and after such closing and will include miscellaneous other terms. Any merger
or acquisition effected by OmniNet can be expected to have a significant
dilutive effect on the percentage of shares held by the OmniNet's shareholders
at that time.


THERE CAN BE NO ASSURANCES GIVEN THAT OMNINET WILL BE ABLE TO SUCCESSFULLY
LOCATE A MERGER TARGET OR CONSUMMATE A MERGER. STATUTES, REGULATIONS, RULES AND
THE POSITIONS OF REGULATORY AUTHORITIES HAVE BEEN BECOMING MORE ADVERSE AND
RESTRICTIVE TOWARD SUCH MERGERS AND TOWARD ENTITIES SUCH AS OMNINET.

ITEM 3. CONTROLS AND PROCEDURES

a) Evaluation of Disclosure Controls and Procedures. As of the last day of the
period covered by this report, the Company's management carried out an
evaluation, under the supervision of the Company's Chief Executive Officer and
the Chief Financial Officer of the effectiveness of the design and operation of
the Company's system of disclosure controls and procedures pursuant to the
Securities and Exchange Act, Rule 13a-15(e) and 15d-15(e) under the Exchange
Act). Based upon that evaluation, the Chief Executive Officer and Chief
Financial Officer concluded that the Company's disclosure controls and
procedures were effective, as of the date of their evaluation, for the purposes
of recording, processing, summarizing and timely reporting material information
required to be disclosed in reports filed by the Company under the Securities
Exchange Act of 1934.

b) Changes in internal controls. There were no changes in internal controls over
financial reporting, known to the Chief Executive Officer or Chief Financial
Officer that occurred during the period covered by this report that has
materially affected, or is likely to materially effect, the Company's internal
control over financial reporting.


                                       10
<PAGE>

PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

There are no current legal proceedings.

ITEM 2.  CHANGES IN SECURITIES

None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters submitted to a vote of the security holders during the
quarter.

ITEM 5.  OTHER INFORMATION

None.

ITEM 6. EXHIBITS

(a) EXHIBIT(S) DESCRIPTION

Exhibit No.                  Description                 Page No.
-----------     ------------------------------------     --------
   31.1         CEO Certifications Under Section 302       12
   31.2         CFO Certifications Under Section 302       13
   32.1         CEO Certifications Under Section 906       14
   32.2         CFO Certifications Under Section 906       15

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

July 5, 2006

                                       OmniNet Media Corporation



                                       By: /s/ Mitchell Stough
                                           -------------------
                                       Name:   Mitchell Stough
                                       Title:  Chief Executive Officer and
                                               Chief Financial Officer



                                       11