<PAGE>

                       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 June 30, 2003

                                       OR

     [ ]  TRANSITION  REPORT  UNDER  SECTION 13 OF 15(d) OF THE  EXCHANGE ACT OF
          1934

          From the transition period from ___________ to ____________.

                         Commission File Number 0-29935

                              20/20 NETWORKS, INC.
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

                Nevada                                     33-0677140
                ------                                     ----------
 (State or other  jurisdiction of              (IRS Employer Identification No.)
  incorporation or organization)

           20700 Ventura Blvd., #227, Woodland Hills, California 91364
--------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (818) 227-9494
--------------------------------------------------------------------------------
                          (Issuer's telephone number)

                                       N/A
--------------------------------------------------------------------------------
         (Former name, former address and former fiscal year, if changed
                               since last report)

         Indicate  by check mark  whether the  registrant  (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: [ ]

As of August 14, 2003 there were 11,396,200 shares of Common Stock of the issuer
outstanding.



<PAGE>

TABLE OF CONTENTS

                          PART I FINANCIAL STATEMENTS



Item 1     Financial Statements                                             3

Item 2     Management's Discussion and Analysis or Plan of Operation        7

Item 3     Controls and Procedures                                          8

                           PART II OTHER INFORMATION

Item 1     Legal Proceedings                                                8
Item 2     Changes in Securities                                            8
Item 3     Default upon Senior Securities                                   8
Item 4     Submission of Matters to a Vote of Security Holders              8
Item 5     Other Information                                                8
Item 6     Exhibits and Reports on Form 8-K                                 8





<PAGE>

                          PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

                              20/20 NETWORKS, INC.
                                  BALANCE SHEET

<TABLE>
<CAPTION>
                                                                      June 30,         December 31,
                                                                        2003              2002
                                                                     -----------       -----------
                                                                     (Unaudited)
<S>                                                                  <C>               <C>
Assets                                                               $        --       $        --
                                                                     -----------       -----------
                    LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:
  Accounts payable                                                   $   124,089       $   103,419

  Accounts payable - related party                                        22,229            22,229
                                                                     -----------       -----------
    Total current liabilities                                            146,318           125,648
                                                                     -----------       -----------
Stockholders' deficit:
  Common stock, $.001 par value, 100,000,000 shares authorized,
    1,710,991 and 430,991 shares issued and outstanding:                   1,711               431
  Additional paid-in capital                                             875,783           749,063
  Deficit accumulated during the development stage                    (1,023,812)         (875,142)
                                                                     -----------       -----------
    Total stockholders' deficit                                         (146,318)         (125,648)
                                                                     -----------       -----------
                                                                     $        --       $        --
                                                                     ===========       ===========
</TABLE>


<PAGE>

                              20/20 NETWORKS, INC.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                 Three Months Ended              Six Months Ended
                                                      June 30,                        June 30,
                                                2003            2002            2003            2002
                                             ---------       ---------       ---------       ---------
Cost and Expenses:
<S>                                          <C>             <C>             <C>             <C>
  General and administrative                 $ 138,090       $  13,832       $ 148,670       $  15,967
                                             ---------       ---------       ---------       ---------
Net loss                                     $(138,090)      $ (13,832)      $(148,670)      $ (15,967)
                                             =========       =========       =========       =========

Basic and diluted loss per common share      $   (0.24)      $   (0.03)      $   (0.30)      $   (0.04)
                                             =========       =========       =========       =========
Weighted average shares outstanding            571,651         430,991         501,710         430,991
                                             =========       =========       =========       =========
</TABLE>


<PAGE>


                              20/20 NETWORKS, INC.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)



<TABLE>
<CAPTION>
                                                                     Six months ended
                                                                          June 30,
                                                                   2003            2002
                                                                 ---------       ---------
Cash flows from operating activities:
<S>                                                              <C>             <C>
  Net loss                                                       $(148,670)      $ (15,967)
    Adjustments to reconcile net income to net cash
      used in operating activities:
        Common stock for services                                  128,000              --
  Changes in operating assets and liabilities
    Accounts payable                                                20,670          15,967
                                                                 ---------       ---------
        Net cash provided by (used in) operating activities             --              --
                                                                 ---------       ---------

Net increase (decrease) in cash and cash equivalents                    --              --
Cash and cash equivalents at beginning of period                        --              --
                                                                 ---------       ---------
Cash and cash equivalents at end of period                       $      --       $      --
                                                                 =========       =========
Cash paid for:
  Taxes                                                          $      --       $      --
  Interest                                                       $      --       $      --
</TABLE>


<PAGE>




                             20/20 WEB DESIGN, INC.
                      NOTES TO INTERIM FINANCIAL STATEMENTS
                                  June 30, 2003


Note 1: Presentation

The  balance  sheet of 20/20 as of June 30,  2003,  the  related  statements  of
operations  for the three and six months  ended  June 30,  2003 and 2002 and the
statements  of cash  flows  for the six  months  ended  June  30,  2003 and 2002
included in the financial  statements have been prepared by 20/20 without audit.
In the opinion of management,  the accompanying  condensed financial  statements
include all adjustments (consisting of normal,  recurring adjustments) necessary
to summarize fairly 20/20's  financial  position and results of operations.  The
results of  operations  for the three and six months ended June 30, 2003 are not
necessarily  indicative  of the results of  operations  for the full year or any
other interim  period.  The  information  included in this Form 10-QSB should be
read in  conjunction  with  Management's  Discussion  and Analysis and Financial
Statements and notes thereto included in 20/20's December 31, 2002 Form 10-KSB.


NOTE 2 - COMMON STOCK

During the six months  ending June 30, 2003,  20/20 issued  1,280,000  shares of
common stock for services valued at $128,000.


NOTE 3 - AGREEMENT AND PLAN OF REORGANIZATION

In June  2003,  20/20  entered  into an  agreement  to  acquire  E-Z  Arch,  LLC
("EZ-Arch").  E-Z Arch  will  exchange  100% of its  common  stock  and cash for
majority  control of 20/20.  The transaction  will be accounted for as a reverse
merger. As of August 14, 2003 the transaction had not closed.


<PAGE>

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS

This report contains  forward looking  statements  within the meaning of Section
27A of the  Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended. 20/20's actual results could differ materially
from those set forth on the forward looking  statements as a result of the risks
set forth in  20/20's  filings  with the  Securities  and  Exchange  Commission,
general economic conditions,  and changes in the assumptions used in making such
forward looking statements.


GENERAL

20/20 Networks,  Inc.  formerly known as 20/20 Web Design,  Inc. (the "Company")
was incorporated on August 31, 1995 as "Visioneering Corporation" under the laws
of the  State  of  Nevada,  to  engage  in  any  lawful  corporate  undertaking,
including,  but not limited to, selected mergers and  acquisitions.  The Company
subsequently  changed its name to "Asiamerica Energy Group, Inc." on January 12,
1996 when it entered into an  agreement  to acquire an oil and gas  company.  No
stock was  issued  and no  assets  were  acquired  as this  acquisition  was not
consummated.

The Company then changed its name to "Care Financial  Group,  Inc." on April 29,
1996.  At that time,  the Company had agreed to form a wholly owned  subsidiary,
Care Concepts, Inc., a Nevada corporation ("Care Concepts").  The Company issued
3,700,000  shares of its common stock to Care Concepts  which shares were valued
at  $25,000.  Care  Concepts  was in the  business  of  designing  and  building
specialized  motor vehicles for physically  handicapped  drivers and passengers.
Ultimately,  this acquisition did not succeed and the Company paid Care Concepts
$80,000 to terminate the  agreement  between Care Concepts and the Company while
the shareholders of Care Concepts  retained their shares of the Company's common
stock.  The Company  subsequently  approved a 250-to-1 reverse stock split after
this transaction was terminated.

On May 15,  1997,  the  Company  changed  its name to  "Trump  Oil  Corporation"
("Trump").  Trump  proposed  to merge with  Fenway  Resources  Ltd.,  a Canadian
company  involved in natural  resource  development  which wanted to develop and
construct a cement  manufacturing  facility in the  Philippines.  This  proposed
merger  was  never  consummated  and no  shares  were  issued  pursuant  to this
agreement.

None of the  proposed  business  activities  for  which the  Company's  name was
changed produced any revenues or created any appreciable business activities for
the Company. On March 10, 1999, the Company entered into a letter of intent with
20/20 Web Design,  Inc.  ("20/20 Web"), a Colorado  corporation,  a wholly owned
subsidiary of Multi-Source  Capital,  Ltd. ("MSC"), also a Colorado corporation.
The Company entered into an Agreement and Plan of  Reorganization  and completed
its acquisition of 20/20 Web, with the Company changing its name as a result. As
a  result  of the  merger,  MSC  became  the  owner  of 80%  of the  issued  and
outstanding shares of the Company.  The Company recorded the 8,620,000 shares of
stock issued to MSC at par value for a total of $8,620.  MSC was later  acquired
by TeleMall Communications,  Inc. ("TeleMall"),  a publicly traded company which
subsequently changed its name to Crown Partners, Inc. ("Crown").

In 1999,  the Company  continued  the  business of the Colorado  corporation  it
acquired  and  continued  to design and  maintain  web sites for small,  private
companies. The Company's clients included a jewelry store, a gift basket company
and certain other small companies.  The revenues  received from these operations
were minimal.

In December,  1999, the Company formed a wholly owned  subsidiary,  Stein's Cake
Box ("Cake Box"),  a Nevada  corporation.  The Company  entered into a letter of
intent with a bakery operation in Lewisville,  Texas controlled by the Company's
president,  Randy  Sutton.  The Company lent  $195,000 to Cake Box in connection
with the  letter  of  intent.  Cake Box  used  the  $195,000  to pay some of the
construction costs of a proposed bakery operation estimated to ultimately cost a
total of $750,000.  The proposed  construction project was to expand an existing
bakery  operation  located at the same location,  College  Connection,  Inc. dba
Stein's Bakery (the "Bakery"),  also run by Mr. Sutton. In late February,  2000,
the  Company and the Bakery  mutually  agreed to cancel  their  letter of intent
concerning  Cake Box,  although the Bakery remained liable to repay the $195,000
it acquired from Cake Box. Due to the subsequent  filing of a petition under the
U.S.  Bankruptcy  Code, the Company was unable to collect this debt. In February
2001,  the Company  entered  into a letter of intent with  BentleyTel.com,  Inc.
("BentleyTel"),  a Nevada  corporation,  to acquire  BentleyTel  in a  statutory
merger. The terms of the proposed acquisition require,  among


<PAGE>

other things,  that the Company to increase its  authorized  capital from twenty
five million  shares of common stock to one hundred  million  shares,  approve a
forward-split  of  one-for-four  and change its name to  "BentleyTel,  Inc." The
transaction was not completed and the Company changed its name back to 20/20 Web
Design, Inc.

During the quarter ended March 31, 2003, the Company approved a 100-to-1 reverse
split and a change of name to "20/20 Networks, Inc.".

 As part of its  acquisition  of E-Z Arch in June,  2003,  the Company  issued a
total of 10,525,000 shares of its common stock. The Company intends to engage in
the telephone  business in certain developing  countries,  beginning with Mexico
and other  Latin  American  countries  and is seeking the  necessary  capital to
pursue this goal.

20/20 presently has no office space.

As of June 30, 2003, 20/20 had no employees.

RESULTS OF OPERATIONS

THREE AND SIX MONTHS ENDED JUNE 30, 2003  COMPARED TO THREE AND SIX MONTHS ENDED
JUNE 30, 2002

There were no revenues or cost of  revenues  for the three and six months  ended
June 30, 2003 and 2002, respectively.

20/20's  expenses for the three  months  ended June 30, 2003 were  approximately
$138,090,  representing general and administrative expenses, which are primarily
from the  issuance of 1,280,000  shares of common  stock for services  valued at
$128,000 or $0.10 per share. 20/20 recorded a net loss of $138,090 for the three
months ended June 30, 2003. 20/20's expenses for the three six months ended June
30, 2002 were  $13,832  representing  general and  administrative  costs.  20/20
recorded a net loss of $13,832 for the three months ended June 30, 2002. The net
loss per share was $0.24 for the three months ended June 30, 2003  compared to a
net loss of $0.03 per share for the three months ended June 30, 2002.

20/20's  expenses  for the six  months  ended June 30,  2003 were  approximately
$148,670,  representing general and administrative  expenses which are primarily
from the  issuance of 1,280,000  shares of common  stock for services  valued at
$128,000 or $0.10 per share.  20/20  recorded a net loss of $148,670 for the six
months ended June 30, 2003.  20/20's  expenses for the six months ended June 30,
2002 were $15,967 representing general and administrative  costs. 20/20 recorded
a net loss of $15,967 for the six months ended June 30,  2002.  The net loss per
share was $0.30 for the six months ended June 30, 2003 compared to a net loss of
$0.04 per share for the six months ended June 30, 2002.

As of June 30,  2003 and 2002,  20/20 had  assets  of less  than  $100.  20/20's
current  liabilities at June 30, 2003 were  approximately  $146,000  compared to
liabilities of approximately $126,000 for the year ended December 31, 2002. This
difference  is  primarily  attributable  to the  expenses  incurred  in filing a
registration  statement  under  the  1934  Act  and  the  associated  legal  and
accounting  expenses  incurred  as a result as well as legal  costs  incurred in
connection with the BTC transaction.  Shareholders' deficit at June 30, 2003 was
approximately  $146,000 compared to total shareholders'  deficit of $126,000 for
the year ended December 31, 2002.

20/20  anticipates  that  until a  business  combination  is  completed  with an
acquisition  candidate,  it will not generate revenues and may operate at a loss
after completing a business  combination,  depending upon the performance of the
acquired business.

20/20 will attempt to carry out its  business  plan as  discussed  above.  20/20
cannot  predict to what extent its lack of liquidity and capital  resources will
hinder its business plan prior to the consummation of a business combination.



<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

Since  inception,  20/20 has  experienced no significant  change in liquidity or
capital  resources  or  stockholders  equity other than the receipts of proceeds
from  offerings of its capital stock.  20/20 received  $250,000 from an offering
conducted   under  Rule  504  of  Regulation  D  in  1999.   20/20  also  raised
approximately  $158,000 from the issuance of 7,200,000  shares of 20/20's common
stock prior to 1997. In 1997, 20/20 raised an additional  $345,000 from the sale
of its common stock.  20/20's balance sheet as of June 30, 2003 reflects limited
assets  and  limited  liabilities.   Further,   there  exist  no  agreements  or
understandings  with  regard  to  loan  agreements  by  or  with  the  Officers,
Directors, principals, affiliates or shareholders of 20/20.

20/20 is continuing to search for suitable merger candidates or other businesses
to become involved in so that it can commence  operations and generate  revenues
to continue paying its bills.

20/20 will  attempt to carry out its plan of business  and hopes to enter into a
business  combination  with another entity.  20/20 cannot predict to what extent
its lack of liquidity and capital  resources will hinder its business plan prior
to the consummation of a business combination.


NEED FOR ADDITIONAL FINANCING

20/20's existing capital is not sufficient to meet 20/20's cash needs, including
the  costs of  compliance  with the  continuing  reporting  requirements  of the
Securities  Exchange Act of 1934,  as amended.  Once a business  combination  is
completed,   20/20's  need  for  additional  financing  is  likely  to  increase
substantially.

No commitments to provide additional funds have been made by management or other
stockholders.  Accordingly,  there can be no  assurance  that any funds  will be
available to 20/20 to allow it to cover its expenses.

20/20 might seek to compensate  providers of services by issuing common stock in
lieu of cash.


DESCRIPTION OF PROPERTIES

20/20 presently has no office space.


EMPLOYEES

As of June 30, 2003, 20/20 had no employees.


Inflation

20/20's results of operations have not been affected by inflation and management
does not expect inflation to have a significant  effect on its operations in the
future.


ITEM 3.   CONTROLS AND PROCEDURES

Based on the  evaluation of 20/20's  disclosure  controls and  procedures by Mr.
Charles Smith, both the chief executive officer and chief accounting  officer of
20/20, as of a date within 90 days of the filing date of this quarterly  report,
such officer has concluded that 20/20's  disclosure  controls and procedures are
effective in ensuring that information  required to be disclosed by 20/20 in the
reports that it files or submits under the  Securities and Exchange Act of 1934,
as amended,  is recorded,  processed,  summarized and reported,  within the time
period specified by the Securities and Exchange Commission's rules and forms.

There  were no  significant  changes in 20/20's  internal  controls  or in other
factors that could significantly affect these controls subsequent to the date of
their  evaluation,  including any corrective  actions with regard to significant
deficiencies and material weaknesses.



<PAGE>

PART II

Items No. 1, 3, and 4 - Not Applicable.


ITEM 2. CHANGES IN SECURITIES

In June  2003,  20/20  issued  1,280,000  shares  of  common  stock  to  various
consultants  for services  rendered.  These shares were registered on a Form S-8
Registration Statement.


Item No. 5 - Other Information

None


Item No. 6 - Exhibits and Reports on Form 8-K

(a) A Form 8-K was filed on February 10, 2003.

(b) Exhibits

None


                                   SIGNATURES

In accordance with 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.

                                        20/20 NETWORKS, INC.

                                        By /s/ Edward Gallagher
                                           --------------------------
                                           Edward Gallagher, President


                                        By: /s/ Charles Smith
                                            --------------------------
                                            Charles Smith, CFO

Date: August 14, 2003



<PAGE>

                              FORM OF CERTIFICATION
                       PURSUANT TO RULE 13a-14 AND 15d-14
              UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

                                  CERTIFICATION


         I, Edward Gallagher, certify that:

         1. I have  reviewed  this  quarterly  report  on Form  10-QSB  of 20/20
NETWORKS, INC.;

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

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

         4. The registrant's  other certifying officer 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 we have:

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

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

                  (c) presented in this quarterly  report our conclusions  about
the  effectiveness  of the  disclosure  controls  and  procedures  based  on our
evaluation as of the Evaluation Date;

         5. The  registrant's  other  certifying  officer and I have  disclosed,
based on our most recent evaluation,  to the registrant's auditors and the audit
committee of the  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  officer and I have indicated in
this quarterly report whether or not there were significant  changes in internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: August 14, 2003                   /s/ Edward Gallagher
                                            -----------------------------------
                                            Name:  Edward Gallagher
                                            Title: President


<PAGE>

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly  Report of 20/20 NETWORKS,  INC. on Form 10-QSB
for the period  ended June 30, 2003 as filed with the  Securities  and  Exchange
Commission on the date hereof (the "Report"),  each of the  undersigned,  in the
capacities and on the dates indicated  below,  hereby  certifies  pursuant to 18
U.S.C.  Section 1350, as adopted  pursuant to Section 906 of the  Sarbanes-Oxley
Act of 2002, that to the best of his knowledge:

1. The Report fully complies with the  requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

2. The  information  contained in the Report  fairly  presents,  in all material
respects, the financial condition and results of operation of 20/20.

                                        /s/  Edward Gallagher
                                             --------------------------------
                                             Edward Gallagher, President

                                        /s/ Charles Smith
                                            --------------------------------
                                            Charles Smith, CFO
Dated: August 14, 2003