SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10QSB

[X]     QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR 15(d) OF THE SECURITIES
        EXCHANGE  ACT  OF  1934
        For  the  quarterly  period  ended  March 31,  2004

[ ]     TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
        SECURITIES  EXCHANGE  ACT  OF  1934
        For  the  transition  period  from  _________  to  ____________

        Commission  File  No.  000-30645
                               ---------

                             PARA MAS INTERNET, INC.
                             -----------------------
             (Exact name of Registrant as specified in its charter)

     NEVADA                                                     59-3383240
----------------                                                ----------
(State  or  other  jurisdiction  of                         (I.R.S.  Employer
incorporation  or  organization)                        Identification  Number)

           1337 S. Gilbert Road, Suite 104, Mesa, Arizona  85204
           -----------------------------------------------------
              (Address  of  principal  executive  offices)

                              (480) 892-2189
                      -----------------------------
                      (Issuer's  telephone  number)

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 ).

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

          Class                    Outstanding  as  of  September 17, 2004
          -----                    -----------------------------------------
$0.001  par  value  Common  Stock                  281,248,039

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

<PAGE>
                                         -1-

                         PART 1 - FINANCIAL INFORMATION

ITEM  1.          FINANCIAL  STATEMENTS

The accompanying unaudited financial statements have been prepared in accordance
with  the  instructions  to Form 10-QSB and Item 310 (b) of Regulation S-B, and,
therefore, do not include all information and footnotes necessary for a complete
presentation  of  financial  position,  results  of  operations, cash flows, and
stockholders'  equity  in  conformity  with  generally  accepted  accounting
principles.  In  the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been  included  and  all  such  adjustments  are  of  a normal recurring nature.
Operating  results  for  the  three  months  ended  March 31,  2004 are not
necessarily  indicative  of the results that can be expected for the year ending
December 31,  2004.

                                     -2-

                             PARA MAS INTERNET, INC.
                                 BALANCE SHEET
                             AS OF MARCH 31, 2004
                                  (UNAUDITED)

<TABLE>
<CAPTION>

                                        ASSETS

                                                                (Unaudited)    (Audited)
                                                                 3/31/2004     12/31/2003
                                                                ------------  ------------
<S>                                                             <C>           <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . .  $         -   $         -
                                                                ------------  ------------
      Total current assets . . . . . . . . . . . . . . . . . .            -             -
                                                                ------------  ------------

PROPERTY AND EQUIPMENT, net of accumulated depreciation. . . .            -             -

OTHER ASSETS . . . . . . . . . . . . . . . . . . . . . . . . .            -             -
                                                                ------------  ------------
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . .  $         -   $         -
                                                                ============  ============
                      LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
   Accounts payable. . . . . . . . . . . . . . . . . . . . . .  $         -   $         -
   Due to related parties. . . . . . . . . . . . . . . . . . .            -             -
   Notes payable . . . . . . . . . . . . . . . . . . . . . . .       15,000        15,000
   Notes payable - related party . . . . . . . . . . . . . . .            -             -
   Payroll liability . . . . . . . . . . . . . . . . . . . . .            -             -
  Accrued expenses (Notes C and H) . . . . . . . . . . . . . .        5,319         5,319
  Preferred stock dividends payable (Notes B and H). . . . . .       21,000        21,000
   Other current liabilities . . . . . . . . . . . . . . . . .            -             -
                                                                ------------  ------------
      Total current liabilities. . . . . . . . . . . . . . . .       41,319        41,319
                                                                ------------  ------------

TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . . . . .       41,319        41,319
                                                                ------------  ------------
STOCKHOLDERS' EQUITY (DEFICIT)

Common stock, $0.001 par value, 100,000,000 shares
   authorized, 48,294,395 shares issued and outstanding as of
   March 31, 2004. . . . . . . . . . . . . . . . . . . . . . .       48,295        48,295
Additional paid in capital . . . . . . . . . . . . . . . . . .    1,817,932     1,817,932
Preferred stock,authorized 10,000,000 shares,
  60,000 shares issued (Notes B and H) . . . . . . . . . . . .       60,000        60,000
Additional paid in capital - preferred stock . . . . . . . . .            -             -
Subscription receivable. . . . . . . . . . . . . . . . . . . .            -             -
Accumulated deficit. . . . . . . . . . . . . . . . . . . . . .   (1,967,546)   (1,967,546)
                                                                ------------  ------------
      Total stockholders' equity (deficit) . . . . . . . . . .    1,926,227     1,926,227
                                                                ------------  ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY . . . . . . . . . .  $ 1,967,546   $ 1,967,546
                                                                ============  ============
</TABLE>

             The accompanying notes to financial statements should be read in
                          conjunction with these Balance Sheets.

                                         -3-
<PAGE>

                             PARA MAS INTERNET, INC.
                  STATEMENTS OF INCOME AND ACCUMULATED DEFICIT
                             FOR THREE MONTHS ENDED
                                MARCH 31, 2004
                                  (UNAUDITED)



<TABLE>
<CAPTION>
                                                        (Unaudited)                    (Audited)
                                                 For the three months ended    For the three months ended
                                                ----------------------------  ----------------------------
                                                       March 31, 2004                March 31, 2003
<S>                                             <C>                           <C>
REVENUES . . . . . . . . . . . . . . . . . . .  $                          -  $                         -
COST OF REVENUES . . . . . . . . . . . . . . .                             -                            -
                                                ----------------------------  ----------------------------
GROSS PROFIT (LOSS). . . . . . . . . . . . . .                             -                            -
                                                ----------------------------  ----------------------------

EXPENSES:
   General and administrative. . . . . . . . .                             -                            -
   Depreciation. . . . . . . . . . . . . . . .                             -                            -
   Professional fees . . . . . . . . . . . . .                             -                            -
   Non-cash stock compensation . . . . . . . .                             -                            -
                                                ----------------------------  ----------------------------
      Total expenses . . . . . . . . . . . . .                             -                            -
                                                ----------------------------  ----------------------------

Operating income (loss). . . . . . . . . . . .                             -                            -
                                                ----------------------------  ----------------------------
OTHER INCOME (EXPENSE)
   Other income. . . . . . . . . . . . . . . .                             -                            -
  Equity-based compensation. . . . . . . . . .                             -                            -
  Interest . . . . . . . . . . . . . . . . . .                             -                         (263)
   Other expenses. . . . . . . . . . . . . . .                             -                            -
                                                ----------------------------  ----------------------------
      Total other income (expense) . . . . . .                             -                         (263)
                                                ----------------------------  ----------------------------
LOSS FROM OPERATIONS BEFORE AND
PREFERRED STOCK DIVIDENDS. . . . . . . . . . .                             -                         (263)

PROVISION FOR INCOME (TAX) BENEFIT . . . . . .                             -                            -
                                                ----------------------------  ----------------------------
NET INCOME (LOSS). . . . . . . . . . . . . . .                             -                         (263)

PREFERRED STOCK DIVIDENDS (NOTES B
AND H) . . . . . . . . . . . . . . . . . . . .                             -                        1,050
                                                ----------------------------  ----------------------------
NET LOSS AVAILABALE TO COMMON
SHAREHOLDERS . . . . . . . . . . . . . . . . .                             -                       (1,313)
                                                ============================  ============================
LOSS PER SHARE BASIC AND DILUTED . . . . . . .                             -                         (.00)
                                                ============================  ============================

PER SHARE INFORMATION:

Basic and dilulted Weighted average Number of
Shares Outstanding . . . . . . . . . . . . . .                             -                   48,294,395
                                                ============================  ============================
</TABLE>





             The accompanying notes to financial statements should be read in
           conjunction with these Statements of Income and Accumulated Deficit.

                                         -4-
<PAGE>



                             PARA MAS INTERNET, INC.
                            STATEMENTS OF CASH FLOWS
                             FOR THREE MONTHS ENDED
                                 MARCH 31, 2004
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                 Three  Months    Three Months
                                                                     Ended           Ended
                                                                   3/31/2004       3/31/2003
<S>                                                              <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Income / (Loss) from Operations . . . . . . . . . . . . .  $            -  $        (789)
  Adjustments to reconcile net income
     to net cash provided
  Common stock options issued in exchange for services rendered               -              -
  Change in assets and liabilities:
  Depreciation Expense. . . . . . . . . . . . . . . . . . . . .               -              -
  Increase (decrease) in accrued expenses . . . . . . . . . . .               -            789
                                                                 --------------   -------------
    Net cash provided by (used in) operating activities . . . .               -              -

CASH FLOWS FROM INVESTING ACTIVITIES: . . . . . . . . . . . . .               -              -

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds of sale of common stock, net . . . . . . . . . . . .               -              -
                                                                 --------------   -------------
    Net cash provided by (used in) financing activities . . . .               -              -
                                                                 --------------   -------------
Net increase (decrease) in cash . . . . . . . . . . . . . . . .               -              -
Balance at beginning of Period. . . . . . . . . . . . . . . . .               -              -
                                                                 --------------   -------------
End of Period . . . . . . . . . . . . . . . . . . . . . . . . .               -              -
                                                                 ==============   =============
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
  Cash paid during the year for interest. . . . . . . . . . . .  $            -  $           -
                                                                 ==============  ==============
  Cash paid during the year for taxes . . . . . . . . . . . . .  $            -  $           -
                                                                 ==============  ==============
  Preferred stock dividends payable . . . . . . . . . . . . . .  $            -  $       3,150
                                                                 ==============  ==============
  Stock options issued in exchnage for services . . . . . . . .  $            -  $           -
                                                                 ==============  ==============

</TABLE>

             The accompanying notes to financial statements should be read in
                    conjunction with these Statements of Cash Flows.

                                         -5-
<PAGE>

                             PARA MAS INTERNET, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS

1.     SUMMARY  OF  ACCOUNTING  POLICIES
       ---------------------------------

A  summary  of the significant accounting policies applied in the preparation of
the  accompanying  consolidated  financial  statements  as  follows.

Business and Basis of Presentation - Para Mas Internet, Inc. ("Company" or "Para
Mas")  was incorporated under the laws of the State of Nevada on June 6, 1994 as
U.S.  Medical  Management, Inc., a wholly  owned  subsidiary of Waterloo Wheels,
Inc.  The  Company  is inactive with no significant operations and is seeking to
merge  or  acquire an interest in business opportunities.  Waterloo Wheels, Inc.
was  incorporated  on  June 2, 1986 under the laws of British Columbia.  In June
1995,  the shareholders of Waterloo Wheels, Inc. exchanged all their outstanding
stock  for shares of the Company on a  share for share basis.  In June 1995, the
Company  completed  a  merger  with  Ken  Venturi  Golf  Training  Center,  Inc.
Effective  with  the  merger,  all  previously  outstanding  common stock of Ken
Venturi  Golf  Center,  Inc. was exchanged for 4,000,000 shares of the Company's
common stock.  Immediately following the merger, the Company changed its name to
Ken  Venturi  Golf,  Inc.

In  November  1997,  the  Company  changed  its  name to Transcontinental Waste,
Industries.  In  April  1999,  the  Company  changed its name to Financial Depot
Online,  Inc.  In August 1999 the Company changed its name to Para Mas Internet,
Inc.

The  Company  has  generated  no  sales  revenues, has incurred expenses and has
sustained  losses.  Consequently,  its  operations  are subject to all the risks
inherent in the establishment of a new business enterprise.  For the period from
inception  through  March  31,  2004  the  Company has an accumulated deficit of
$1,967,546.

Liquidity  -  The  Company  is  inactive  with  no significant operations and is
seeking to merge or acquire an interest in business opportunities.  To date, the
Company  has  incurred  expenses  and  has  sustained  losses.  As  shown in the
accompanying  financial  statements,  the  Company  incurred  a net loss of  $ 0
during  the  period  ended  March  31,  2004.  The Company's current liabilities
exceeded  its  current  assets  by  $41,319.

Advertising - The Company will recognize advertising expenses in accordance with
SOP 93-7 "Reporting on Advertising Costs." The Company did not incur advertising
costs  during  the  period  ended  March  31,  2004.

Income  Taxes  -  Income  taxes  are  provided based on the liability method for
financial  reporting purposes in accordance with the provisions of Statements of
Financial  Standards  No. 109, "Accounting for Income Taxes".  Under this method
deferred  tax  assets  and  liabilities  are  recognized  for  the  future  tax
consequences  attributable  to  differences  between  the  financial  statement
carrying amounts of existing assets and liabilities are  measured using  enacted
tax  rates  expected  to  apply  to  taxable  income in the years in which those
temporary  differences  are  expected to be  removed  or settled.  The effect on
deferred  tax assets and liabilities of a change  in  tax rates is recognized in
the  statement of operations in the period that  includes  the  enactment  date.

Cash  Equivalents  -  For  purposes of the Statements of Cash Flows, the Company
considers  all  highly liquid debt instruments purchased with a maturity date of
three  months  or  less  to  be  cash  equivalents.

Property  and  Equipment  -  For  financial  statement  purposes,  property  and
equipment  will  be  depreciated using straight-line method over their estimated
useful  lives  (five  years  for  furniture,  fixtures  and  equipment).  The
straight-line  method  of  depreciation  is  also  used  for  tax  purposes.

Concentrations  of  Credit Risk - Financial instruments and related items, which
potentially  subject  the  Company  to  concentrations  of  credit risk, consist
primarily  of  cash,  cash equivalents and trade receivables. The Company places
its  cash  and temporary cash investments with high credit quality institutions.
At  times,  such  investments  may  be  in  excess  of the FDIC insurance limit.
                                      -6-

<PAGE>
                             PARA MAS INTERNET, INC.
                           A DEVELOPMENT STAGE COMPANY
                          NOTES TO FINANCIAL STATEMENTS

1.  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

Use  of  Estimates-The  preparation  of  financial statements in conformity with
                  -
generally  accepted  accounting principles requires management to make estimates
and  assumptions  that  affect  certain  reported  amount  and  disclosures.
Accordingly  actual  results  could  differ  from  those  estimates.

Long-Lived  Assets  -  The Company has adopted Statement of Financial Accounting
Standards No. 144 (SFAS 144).  The Statement requires that long-lived assets and
certain  identifiable  intangibles  held and used by the Company be reviewed for
impairment  whenever  events  or  changes  in  circumstances  indicate  that the
carrying  amount  of  an  asset  may  not  be  recoverable.  Events  relating to
recoverability  may  include  significant  unfavorable  changes  in  business
conditions,  recurring  losses,  or a forecasted inability to achieve break-even
operating  results  over  an  extended  period.  The  Company  evaluates  the
recoverability  of  long-lived  assets  based  upon forecasted undercounted cash
flows.  Should  an  impairment  in  value  be  indicated,  the carrying value of
intangible assets will be adjusted, based on estimates of future discounted cash
flows  resulting  from  the use and ultimate disposition of the asset.  SFAS No.
144  also  requires  assets  to  be  disposed of be reported at the lower of the
carrying  amount  or  the  fair  value  less  costs  to  sell.

Comprehensive  Income  -  The  Company  does not have any items of comprehensive
income  in  any  of  the  periods  presented.

Net  Loss  Per Share - The Company has adopted Statement of Financial Accounting
Standards  No.  128,  "Earnings  Per  Share,"  specifying  the  computation,
presentation  and  disclosure  requirements  of  earnings per share information.
Basic  earnings  (loss)  per  share  has been calculated based upon the weighted
average number of common shares outstanding. Stock options and warrants  will be
excluded  as  common  stock  equivalents  in  the  diluted  earnings  per  share
because  they  are  either  antidilutive,  or  their  effect  is  not  material.

Fair  Value  of  Financial  Instruments  -  The carrying values of cash and cash
equivalents,  accounts  receivable,  accounts  payable  and  accrued  expenses
approximate fair value due to the relatively short maturity of these instruments

Segment  Information  -  The  Company  adopted Statement of Financial Accounting
Standards  No.  131,  Disclosures  about  Segments  of an Enterprise and Related
Information  ("SFAS 131") in the year ended December 31, 1998. SAFAS establishes
standards  for  reporting  information  regarding  operating  segments in annual
financial statements and requires selected  information  for  those  segments to
be  presented  in  interim financial  reports  issued  to stockholders. SFAS 131
also  establishes  standards  for  related  disclosures  about  products  and
services  and  geographic areas. Operating segments are identified as components
of  an  enterprise  about  which  separate  discrete  financial  information  is
available  for  evaluation  by  the  chief operating decision maker, or decision
making  group,  in  making  decisions  how  to  allocate  resources  and  assess
performance. The information disclosed herein, materially  represents all of the
financial  information  related  to  the  Company's principal operating segment.

Reclassifications  -  Certain  reclassifications  have been made in prior years'
financial  statements  to  conform  to  classifications  in  the  current  year.

Stock  Based  Compensation  -  In  December  2002,  the FASB issued Statement of
Financial  Accounting  Standards  No.148  ("SFAS  No.148"),"Accounting  for
Stock-Based  Compensation-Transition  and  Disclosure-an amendment of SFAS 123."
This  statement  amends SFAS No. 123, "Accounting for Stock-Based Compensation,"
to  provide alternative methods of transition for a voluntary charge to the fair
value  based  method  of accounting for  stock-based  employee  compensation. In
addition,  this  statement amends the disclosure requirements of SFAS No. 123 to
require  prominent  disclosures  in both annual and interim financial statements
about  the  method  of  accounting for stock-based employee compensation and the
effect
                                      -7-
<PAGE>

                             PARA MAS INTERNET, INC.
                           A DEVELOPMENT STAGE COMPANY
                          NOTES TO FINANCIAL STATEMENTS

1.  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

of  the  method  used on reported results. The Company has chosen to continue to
account  for  stock-based  compensation  using  the  intrinsic  value  method
prescribed  in  APB  Opinion  No.  25  and related interpretations. Accordingly,
compensation  expense  for  stock options is measured as  the excess, if any, of
the  fair  market  value of the Company's stock  at  the  date of the grant over
the  exercise  price  of  the related option. The Company has adopted the annual
disclosure  provisions  of  SFAS  No.  148 in its financial reports for the year
ended December 31, 2003 and will adopt the interim disclosure provisions for its
financial  reports  for  the  quarter  ended  March  31,  2004.

Foreign  CurrencyTranslation  -  The  Company  translates  the  foreign currency
financial  statements  of  its  Canadian  subsidiary  in  accordance  with  the
requirements of Statement  of Financial Accounting  Standards  No.  52, "Foreign
Currency  Translation."  Assets  and  liabilities  are  translated  at  current
exchange  rates,  and  related  revenue  and  expenses are translated at average
exchange  rates  in effect during the period. Resulting translation  adjustments
are recorded as a separate component in stockholders'  equity.  Foreign currency
transaction  gains  and  losses  are  included  in  the  statement  of  income.

New Accounting Pronouncements - In July 2001, the Financial Accounting Standards
Board (FASB) issued Statement of Financial Accounting Standards No.141, Business
Combinations"  (SFAS  No.  141), and Statement of Financial Accounting Standards
No.  142,  "Goodwill and Other Intangible Assets" (SFAS No.  142). The FASB also
issued  Statement  of  Financial  Accounting  Standards No. 143, "Accounting for
Obligations  Associated with the Retirement of Long-Lived Assets" (SFAS No.143),
and  Statement  of  Financial  Accounting  Standards  No.  144,  "Accounting for
the  Impairment  or  Disposal  of Long-Lived Assets"(SFAS No. 144) in August and
October  2001,  respectively.

SFAS  No.  141  requires  the  purchase  method  of  accounting  for  business
combinations  initiated  after  June  30,  2001  and  eliminates  the
pooling-of-interest  method. The adoption of SFAS No. 141 had no material impact
on  the  Company's  consolidated  financial  statements.

Effective  January  1,  2002,  the  Company  adopted SFAS No. 142. Under the new
rules,  the Company will no longer amortize goodwill and other intangible assets
with  indefinite  lives, but such assets will be subject to periodic testing for
impairment.  On  an annual basis, and when there is reason to suspect that their
values  have  been  diminished  or  impaired,  these  assets  must be tested for
impairment,  and  write-downs  to  be included in results from operations may be
necessary.  SFAS  No.142  also  requires  the Company to complete a transitional
goodwill  impairment  test  six  months  from  the  date  of  adoption.

2.  CAPITAL  STOCK

In  November,  1997,  the Company approved, by unanimous consent of its Board of
Directors,  to  amend  the  Company's  articles of incorporation to increase the
number  of  shares  of  common  stock, par value $.001 per share from 25,000,000
shares to 100,000,000 shares and to create 10,000,000 shares of preferred stock,
par  value  $.001  per  share.

In  May  1998,  the  Company  issued  60,000  shares  of  Series B 7% Cumulative
Redeemable  Convertible  Preferred  Stock  ("Preferred  Shares") in exchange for
legal  services  rendered  to  the  Company. Holders of the Preferred Shares are
entitled  to  receive  cumulative  cash  dividends  at the annual rate of 7% per
annum,  or  $.07  per  share, payable quarterly. The dividends may be payable in
cash or through a dividend of additional shares of Preferred Shares. The Company
has  accrued  the  unpaid  $  4,200  Series  B  Preferred Stock dividend to  the
holders  of  the  Preferred  Shares during the period ended March 31, 2004.  The
aggregate unpaid Series B Preferred Stock dividends at March 31, 2004 is $21,000
(see  Note  9).
                                        -8-
<PAGE>
                             PARA MAS INTERNET, INC.
                           A DEVELOPMENT STAGE COMPANY
                          NOTES TO FINANCIAL STATEMENTS


2.  CAPITAL  STOCK  (CONTINUED)

The  Preferred Shares rank senior to the common stock. The Preferred Shares have
a liquidation preference of $1.00 per share plus any and all declared and unpaid
dividends.

The  Preferred Shares are convertible, in whole or in part, at the option of the
holders  thereof,  into  shares of common stock at amount equal to the Company's
average  closing  bid  price  of  the  common  stock for thirty days immediately
preceding  the  conversion  divided  by  the liquidation preference of $1.00 per
share.

The  Company may, at its option, convert the Preferred Shares into the Company's
common stock by dividing the average closing price of the Company's common stock
over  a twenty (20) day period by the liquidation preference of $1.00 per share.
In  order  to  exercise  this  option, the average price of the Company's common
stock  must  be  at  least  $1.50  per  share.

In  July 2001, the Company issued a total of 4,166,667 shares of common stock in
exchange  for  exercised  options  with an exercise price of $.03 per share (see
Note  3).


3.     STOCK  OPTIONS

The  following  table  summarizes  the  changes  in  options outstanding and the
related  prices  for  the  shares  of  the  Company's common stock issued to the
Company consultants. These options were granted in lieu of cash compensation for
services  performed.

<TABLE>
<CAPTION>


                  OPTIONS OUTSTANDING                          OPTIONS EXERCISABLE
                  -------------------                          -------------------

                                                         Weighted               Weighted
                                   Weighted Average       Average                Average
Exercise              Number     Remaining Contractual   Exercise    Number     Exercise
-----------------  ------------  ----------------------  --------  -----------  --------
<S>                <C>           <C>                     <C>       <C>          <C>

Prices. . . . . .  Outstanding   Life (Years)            Price     Exercisable  Price
-----------------  ------------  ----------------------  --------  -----------  --------
$                                                        $
</TABLE>



Transactions  involving  options  issued  to  non-employees  are  summarized  as
follows:
<TABLE>
<CAPTION>


                                                Weighted  Average
                              Number of Shares   Price Per Share
                              -----------------  ----------------
<S>                           <C>                <C>

Outstanding at July 1, 2001.                 0   $           0.00
   Granted . . . . . . . . .         4,166,667               0.03
   Exercised . . . . . . . .        (4,166,667)              0.03
   Canceled or expired . . .                 0               0.00
----------------------------  -----------------  ----------------
Outstanding June 30, 2002. .                 0               0.00
    Granted. . . . . . . . .                 0               0.00
    Exercised. . . . . . . .                 0               0.00
    Canceled or expired. . .                 0               0.00
----------------------------  -----------------  ----------------
Outstanding at June 30, 2003                 0               0.00
----------------------------  -----------------  ----------------
</TABLE>



The  estimated  value of the options granted to consultants was determined using
the  Black-Scholes  option  pricing  model  and  the  following  assumptions:
contractual  term  of 3.3 months, a risk free interest rate of 4.0 %, a dividend
yield  of  0%  and  volatility  of  50%.  The  amount  of the expense charged to
operations  in  connection  with granting the options was $ 293,750 during 2002.

                                       -9-
<PAGE>
                              PARA MAS INTERNET, INC.
                           A DEVELOPMENT STAGE COMPANY
                          NOTES TO FINANCIAL STATEMENTS


4.    NOTES  PAYABLE

Notes  payable  consist  of  the  following  as  of  March  31,  2004:

7%  Note  payable;  unsecured  and  in  default               $  15,000
                                                              =========

Accrued  and  unpaid  interest  in connection with the note payable is $5,319 at
March  31,  2004  (see  Note  9).

5.    INCOME  TAXES

The Company has adopted Financial Accounting Standard number 109, which requires
the  recognition  of deferred tax liabilities and assets for the expected future
tax consequences of events that have been included in the financial statement or
tax  returns.  Under  this  method,  deferred  tax  liabilities  and  assets are
determined based on the difference between financial statements and tax basis of
assets  and  liabilities using enacted tax rates in effect for the year in which
the  differences  are expected to reverse. Temporary differences between taxable
income  reported  for  financial  reporting purposes and income tax purposes are
insignificant.

For  income tax reporting purposes, the Company's aggregate unused net operating
losses  approximate  $1,900,000,  expiring  in the year 2021 that may be used to
offset  future  taxable  income.  The  Company  has provided a valuation reserve
against  the full amount of the net operating loss benefit, since in the opinion
of  management based upon the earnings history of the Company, it is more likely
than not that  the benefits will not be realized.  Due to significant changes in
the  Company's ownership, the Company's future use of its existing net operating
losses  may  be  limited.

Components  of  deferred  tax  assets  as  of  March  31,  2004  are as follows:
<TABLE>
<CAPTION>



Non-Current:
<S>                                 <C>
  Net operating loss carry forward  $ 660,000
Valuation  allowance . . . . . . .   (660,000)
                                    ----------
  Net deferred tax asset . . . . .  $       0
</TABLE>



6.    LOSSES  PER  COMMON  SHARE

The  following  table  presents  the  computation  of basic and diluted loss per
share:
<TABLE>
<CAPTION>
                                                2003          2002
                                            ------------  ------------
<S>                                         <C>           <C>

Net loss available for common shareholders  $    (5,250)  $  (424,000)
------------------------------------------  ------------  ------------
Basic and fully diluted loss per share . .  $      (.00)  $      (.00)
------------------------------------------  ------------  ------------
Weighted average common shares outstanding  $44,127,695   $48,120,782
------------------------------------------  ------------  ------------
</TABLE>

Net  loss per share is based upon the weighted average of shares of common stock
outstanding.

7.   RELATED  PARTY  TRANSACTIONS

The Company's majority shareholder is International Bible Games, Inc. ("IBG"), a
company  formed under the laws of British Columbia, Canada. IBG has paid certain
nominal  costs  of maintaining the Company's corporate status. The amount of the
costs  incurred are not material to the  Company's financial statements taken as
a  whole.
                                       -10-
<PAGE>
                             PARA MAS INTERNET, INC.
                           A DEVELOPMENT STAGE COMPANY
                          NOTES TO FINANCIAL STATEMENTS

8.   GOING  CONCERN  MATTERS

The  accompanying  statements have been prepared on a going concern basis, which
contemplates  the  realization  of assets and the satisfaction of liabilities in
the  normal  course  of business. As shown in the financial statements, from its
inception  the  Company  has  incurred  loses  of  $1,967,546. This factor among
others  may  indicate  that  the  Company  will be unable to continue as a going
concern  for  a  reasonable period of time. The Company's existence is dependent
upon  management's  ability  to  develop  profitable operations and resolve it's
Liquidity  problems.  The  accompanying  financial statements do not include any
adjustments  that  might  result  should  the Company be unable to continue as a
going  concern.

In  order  to  improve  the Company's liquidity, the Company is actively pursing
additional  equity  financing  through  discussions  with investment bankers and
private  investors.  There can be no assurance the Company will be successful in
its  effort  to  secure  additional  equity financing. If cash flows continue to
improve through these efforts, management believes that the Company can continue
to  operate.  However,  no assurance can be given that management's actions will
result  in  the  resolution  of  its  liquidity  problems.

9.   SUBSEQUENT  EVENT

Subsequent  to the date of the financial statements, the Company entered into an
Agreement  of  Plan  and  Tender  Offer ("Agreement")which provides for a tender
offer  of  100%  of  the  issued  and  outstanding shares of Amerigroup, Inc., a
company  formed under the laws of the state of Nevada, in which the Company will
issue  one  share  of its common stock for each share of Amerigroup, Inc. common
stock  tendered.  The Company will also issue approximately 10,042,105 shares of
its  common stock to IBG shareholders and IBG creditors (see Note 7) in exchange
for  releases  of  claims  against  IBG.

Subsequent  to the date of the financial statements, the Company entered into an
Agreement  and  Release ("Release")with the holder of the Company's $15,000 note
payable,  together with accrued and unpaid interest (see Note 4) in exchange for
60,000  shares  of  the  Company's  restricted  common  stock.

Subsequent  to  the date of the financial statements, the Company entered into a
Share  Exchange  Agreement  ("Exchange") with the holder of 60,000 shares of the
Company's  preferred  stock  (see  Note 2) in exchange for 240,000 shares of the
Company's  restricted  common  stock.

                                      -11-

<PAGE>

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATIONS

The Company entered into an Agreement of Plan and Tender Offer ("Agreement")
providing  for a tender offer of 100% of the issued and outstanding shares
of  Amerigroup, Inc., (Amerigroup) a company formed under the laws of the
state of Nevada, in which  the  Company  issued one share of its common stock
for each share of Amerigroup,  Inc.  common  stock  tendered.  The  Company
also issued approximately 10,042,105 shares of its common stock in exchange for
a release of certain rights in which the Company has an interest.  The tender
offer closed on April 12, 2004.  The Company was successful at closing in
acquiring 100% of the issued and outstanding stock of Amerigroup. Amerigroup
is an issuer  of  retail  discount  cards to entertainment venues and for other
retail purposes.  Amerigroup  also  is  engaged in other related business
enterprises.

Since the acquisition of Amerigroup, the business operations of Amerigroup
constitute 100% of the business operations of the Company.  It will require
$360,000 in working capital to sustain the business operations of the Company
for the next 12 months.  Management believes that this working capital will be
available to the Company from operating revenues of the Company during the
next twelve months.

To actively grow the business pursuant its current business plan however, the
Company needs $5,000,000 in operating capital for the next 12 months.  The
Company plans on raising this capital through a registered sale of its common
stock.  The Company plans on filing its registration statement with the SEC
within the next several days and to then sell the offering commencing on the
effective date of the registration statement.  However, it cannot be certain
as to whether the Company will be successful in selling the offering.

The independent auditors report on the Company's June 30, 2003 financial
statements  states that the Company's inability to generate sufficient cash
flows from operations raise substantial doubts about the Company's ability to
continue as a going concern.


FORWARD-LOOKING  STATEMENTS

Many  statements made in this report are forward-looking statements that are not
based  on  historical  facts.  Because  these forward-looking statements involve
risks  and  uncertainties,  there  are important factors that could cause actual
results  to  differ  materially  from  those  expressed  or  implied  by  these
forward-looking  statements.  The forward-looking statements made in this report
relate  only  to  events  as  of  the  date  on  which  the statements are made.

                                      -12-
<PAGE>

PART  II  -  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

     During  the  three  month period covered by this report, the Company had no
legal  proceedings  filed  against  it.


ITEM  2.  CHANGES  IN  SECURITIES

 None

<PAGE>

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES

None

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

None

ITEM  5.  OTHER  INFORMATION

None

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

(A)  EXHIBITS
   ----------

31.1     Certification  of CEO and CFO pursuant to Securities Exchange Act rules
         13a-15 and  15d-15(c)  as  adopted pursuant to section 302 of the
         Sarbanes-Oxley act  of  2002.

32.1     Certification  of  CEO  and CFO pursuant  to 18 U.S.C. section 1350, as
         Adopted  pursuant  to  section  906  of  the  Sarbanes-Oxley  act  of
         2002.

(B)  REPORTS  ON  FORM  8-K
     ----------------------

On March 25, 2004, the Company filed its report on Form 8-K discussing its
change of auditors.

                                   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.

PARA  MAS  INTERNET,  INC.

Date:     September 17, 2004

By:       /s/ Gary Whiting
          -------------------------------
          Gary Whiting
          Principal Executive Officer
          Principal Financial Officer
          Chief Accounting Officer