**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

Form 10-KSB

X__Annual report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal
year ended February 28, 2003.

___Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
transition period from ______ to ______.

**SUNBURST ACQUISITIONS IV, INC.******

(Exact name of registrant as specified in its charter)

|Colorado                                       | 0-23561                  | 84-1431797                          
|---------------------------------------------- | ------------------------ | ------------------------------------
|(State or other jurisdiction of
incorporation) | (Commission File
Number) | (IRS Employer Identification
Number)

|2082 Cherry Street

Denver, Colorado     | 80207     
|---------------------------------------- | ----------
|(Address of principal executive offices) | (Zip Code)

Registrant's telephone number, including area code:  (303) 321-0461

Securities to be registered under Section 12(b) of the Act:

Title of each class

N/A

Securities to be registered under Section 12(g) of the Act:





Check whether the issuer (1) filed all reports required to be filed by  Section 13 or 15(d) of the
Securities Exchange Act during the past 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes  X   No ____

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B
contained in this form, and no disclosure will be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB.___

State issuer's revenue for its most recent fiscal year: $ 24,850.

State the aggregate market value of the voting stock held by non-affiliates computed by reference
to the price at which the stock was sold, or the average bid and asked priced of such stock, as of a
specified date within the past 60 days (See definition of affiliate in Rule 12b-2): $1,537,032 as of
May 30, 2003.

Note: If determining whether a person is an affiliate will involve an unreasonable effort and
expense, the issuer may calculate the aggregate market value of the common equity held by
non-affiliates on the basis of reasonable assumptions, if the assumptions are stated.

(Issuers involved in bankruptcy proceedings during the past five years):

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court. Yes ____ No ____

(Applicable only to corporate registrants) State the number of shares outstanding of each of the
issuer's classes of common equity, as of the latest practicable date:35,457,597as of May 28,
2003.

(Documents incorporated by reference. If the following documents are incorporated by reference,
briefly describe them and identify the part of the Form 10-KSB (e.g. Part I, Part II, etc.) into
which the document is incorporated: (1) any annual report to security holders; (2) any proxy or
information statement; and (3) any prospectus filed pursuant to Rule 424(b) or (c) of the
Securities Act of 1933 ("Securities Act").  The listed documents should be clearly described for
identification purposes.

PART I

ITEM 1.   DESCRIPTION OF BUSINESS.

**Background**

We were incorporated under the laws of the State of Colorado on August 27, 1997.  We
were formed to seek out and acquire business opportunities.  In accordance with our business
plan, we have engaged in two separate acquisition transactions which are described below.
However, neither of these transactions has resulted in the acquisition of a viable operating
business.  As a result, as of the end of its fiscal year ending February 28, 2003, we remain in the
development stage.

Rather than continuing our efforts to seek out and acquire a business opportunity, during
the fiscal year ending February 28, 2003, we changed our focus.  We elected to direct our efforts
toward development of a business related to the  marketing, distribution and sale of digital
electronic ballasts, through our wholly-owned Canadian subsidiary, Sunburst Digital, Inc.

Prior Acquisitions

Prologic Systems, Inc.	In August 1999,  the Company invested $1,000,000 in Prologic
Systems, Inc., an Arizona corporation engaged in the business of providing systems integration
services, networking services, software development and applications software for the
commercial market.  The investment in Prologic was made in anticipation of a business
combination with that company and as part of that transaction, the Company acquired 3,459,972
shares of Prologic.  However, the agreement to complete a business combination with Prologic
was terminated prior to its consummation, and in March, 2000, the Company charged off its
investment to operations.

In January, 2001, the Company entered into an agreement with Prologic to recover a
portion of its investment.  Pursuant to that agreement, on February 16, 2001, the Company
completed the sale of 2,859,972 shares of stock in Prologic to Prologic, or its designees, for a
total sales price of $400,000.  The sales price was paid $325,000 in cash at closing and $75,000
through Prologic's execution of a promissory note.  The promissory note bears interest at the rate
of 10% per annum and requires payments of $25,000 principal, plus accrued interest, on each of
April 12, 2001, July 12, 2001 and October 12, 2001.  Thus far, no payments have been received
by the Company.

The Company retained ownership of a total of 600,000 shares of Prologic, which it has
subsequently sold.  See "Plan of Operations" below.  Such shares were "restricted securities" as
defined in Rule 144 under the Securities Act of 1933.  The terms of the agreement with Prologic
required them to file a registration statement in order to register the Company's shares for resale.
This registration statement was not filed, and the shares were sold in accordance with the
provisions of Rule 144(k).

HollywoodBroadcasting.com	On December 4, 2000, the Company completed the closing
under an Agreement for Share Exchange between it and HollywoodBroadcasting.com, Inc., a
Nevada corporation ("HB.C").  As a result of that closing, HB.C became a wholly-owned
subsidiary of the Company.

HB.C is a development stage company formed for the purpose of developing and
producing original entertainment and information programming for various media including
domestic and foreign broadcast, cable and satellite television, home video, DVD sales and rentals
and the Internet.  The primary focus of HB.C was intended to bedevelopment and production (or
acquisition) of original entertainment and information programs for webcasting over the Internet
from its HollywoodBroadcasting.com website.

HB.C and other content providers relied upon the availability of the specified revenue
streams as the platform for their business model.  The Company was not able to generate
significant revenues from any of the sources it relied upon in establishing its business model, and
it is now apparent that the model was based on false assumptions.On September 28, 2001, the
Company completed the sale of its wholly owned subsidiary Hollywoodbroadcasting.com for
$1,000 in cash.  The Company has begun the process of seeking out potential opportunities in
other unrelated areas of business.

Current Business Activities

On February 27, 2002, we were assigned a sub-distributorship pursuant to a contract
between 1357784 Ontario Ltd ("EPI") and Romlight International, Inc., a company based in
Toronto, Ontario Canada.  Pursuant to the sub-distributorship agreement, we became the
exclusive worldwide distributor to the hydroponics industry of a digital electronic lighting
ballast.

Romlight developed the ballast and is also currently the sole manufacturer.  The Romlight
product is a digital electronic ballast which may be produced in various sizes ranging from 70
watts to 1,000 watts, and which is designed to replace the traditional core and coil ballasts
required to drive various types of lamp systems including High Density Discharge (HID) and
Fluorescent lighting.  At the core of the Romlight ballast system in the application and use of
microprocessor technology and related component software.

The technology gives the ballast a number of unique features.  It is a compact, modular
and lightweight design which is intended to be easy to install.  The light burns brighter and
longer as compared to other traditional types of ballasts, it does not produce heat and it is able to
be controlled by a dimmer.  In addition, various test results of which we have been advised claim
to demonstrate that the ballast can result in significant energy savings (ranging between 20-50%)
as compared to traditional core and coil ballasts.

Although oursub-distributorship agreement with EPI was in place throughout the fiscal
year and includes an annual purchase commitment of 100,000 units, our operating activities
during the year were limited because of difficulties in obtaining delivery of finished product from
the manufacturer.  During the fiscal year ending February 28, 2003, we took delivery of a total of
500 400-watt ballasts.  All of these ballasts have been sold and partial payments have been
received subsequent to the end of the fiscal year generating gross revenues of approximately
$75,000.

Subsequent to the end of the fiscal year, both the contract between EPI and Romlight
International and our sub-distributorship agreement were cancelled.  However, on April 2, 2003,
our wholly-owned subsidiary, Sunburst Digital, Inc., signed an agreement directly with Romlight
containing terms and conditions substantially identical to the terms of the sub-distributorship
agreement.  This new agreement includes an annual purchase commitment of 100,000 units
which will become applicable as soon as Romlight is able to resolve its production difficulties
and commit itself to a reliable delivery schedule for completed ballasts.

As a result of delivery difficulties with the 1000-watt ballasts, during the third quarter of
the fiscal year, our initial order of 25,000 1,000-watt ballasts we renegotiated, and the initial
order was reduced.   We currently have an order pending with Romlight for purchase of 5,000
600-watt ballasts.   This product is proven to be reliable and the design is complete.  We have
been advised by the manufacturer that delivery of this order will be completed before the end of
the second quarter of the current fiscal year.

The agreement and payment schedule for the 600-watt ballast is currently being re-negotiated.  Pursuant to the agreement signed by our subsidiary, all deposits which we had
previously paid to EPI were transferred to Romlight and it is expected that these funds will
remain as a deposit on the last 1000 units of the 5000 unit order.  Management believes that we
will be able to sell the units and collect payment immediately upon delivery of the product.
Therefore, we plan to pay to pay for purchase of the ballasts within 10 days after delivery, using
funds generated from sale of the units.

We plan to market and distribute the units through independent sales representatives who
will be compensated through payment of commissions.   Our contract with the manufacturer
gives us exclusive rights to market the ballasts in British Columbia, Canada, and the exclusive
rights to market the products on a worldwide basis to the hydroponics industry.   It is anticipated
that initial marketing efforts will be directed primarily toward the hydroponics industry.

**Administrative Offices**

****

The Company currently maintains a mailing addressat 6279 - 202nd Street, Langley, BC
V2Y 1N1. Its telephone number at that address is(604) 533-9572.  The Company pays no rent
or other fees for the use of this mailing address.

**Employees**



We currently have no employees and have no current plans to hire employees.  Instead,
we  rely on members of management to handle all matters related to business development and
business operations.

ITEM 2.	DESCRIPTION OF PROPERTY.

****The Company currently maintains a mailing address at 2082 Cherry Street, Denver,
Colorado.  The Company pays no rent for use of this mailing address, and does not anticipate the
need for maintaining a separate office until it has completed a business combination transaction.



The Company currently has no investments in real estate, real estate mortgages, or real
estate securities, and does not anticipate making any such investments in the future.  However,
the policy of the Company with respect to investment in real estate assets could be  changed in
the future without a vote of security holders.

ITEM 3.	LEGAL PROCEEDINGS.

The Company is not a party to any pending legal proceedings, and, as of the end of its
fiscal year ending February 28, 2003,  no such proceedings are known to be contemplated.  No
director, officer or affiliate of the Company, and no owner  of record or beneficial owner of more
than 5.0% of the securities of the Company, or any associate of any such director, officer or
security holder is a party adverse to the Company or has a material interest adverse to the
Company in reference to pending litigation.

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

No matters were submitted to a vote of the security holders of the Company during the
fourth quarter of the fiscal year which ended February 28, 2003.

PART II

ITEM 5.	MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS.

The Company's common stock is currently traded on the Over the Counter, Bulletin
Board under the symbol "SBAQ." The following  table sets forth the Company's high and low
closing prices for the Company's common stock as reported on the Bulletin Board for the
periods indicated.

|Fiscal Year 2001 | High   | Low   
|---------------- | ------ | ------
|First Quarter    | $0.15  | $0.04 
|Second Quarter   | $0.11  | $0.04 
|Third Quarter    | $0.09  | $0.035
|Fourth Quarter   | $0.12  | $0.035
|                 |        |       
|Fiscal Year 2002 | High   | Low   
|First Quarter    | $0.32  | $0.06 
|Second Quarter   | $0.29  | $0.17 
|Third Quarter    | $0.05  | $0.031
|Fourth Quarter   | $0.065 | $0.035

The closing bid price of the Company's common stock as  reported on the Over the
Counter, Bulletin Board on May 30, 2003, was $0.07 per share.  The prices presented are bid
prices which represent prices between broker-dealers and don't include retail mark-ups and
mark-downs or any commission to the dealer.  The  prices may not reflect actual transactions.



As of May 30, 2002, there were approximately 202 stockholders of record of the
Company's common stock.



There have been no cash dividends declared or paid on the shares of common stock, and
management does not anticipate payment  of dividends in the foreseeable future.



ITEM 6.	MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION.

SPECIAL NOTE OF CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this report, including statements in the following discussion which are not
statements of historical fact, are what are known as "forward looking statements, " which are
basically statements about the future.  For that reason, these statements involve risk and
uncertainty since no one can accurately predict the future.  Words such as "plans," "intends,"
"will," "hopes," "seeks," "anticipates," "expects  "and the like often identify such forward
looking statements, but are not the only indication that a statement is a forward looking
statement.  Such forward looking statements include statements concerning our plans and
objectives with respect to the present and future operations of the Company, and statements
which express or imply that such present and future operations will or may produce revenues,
income or profits.  Numerous factors and future events could cause the Company to change such
plans and objectives or fail to successfully implement such plans or achieve such objectives, or
cause such present and future operations to fail to produce revenues, income or profits.
Therefore, the  reader is advised that the following discussion should be considered in light of the
discussion of risks and other factors contained in this report on Form 10KSB and in the
Company's other filings with the Securities and Exchange Commission.  No statements
contained in the following discussion should be construed as a guarantee or assurance of future
performance or future results.

Liquidity and Capital Resources

We remain in the development stage.  Since inception we have undergone two
unsuccessful business combinations which have caused us to incur significant liabilities and have
resulted in the accumulation of a substantial deficit during the development stage.  As of
February 28, 2003, we have total current assets of $56,426 and total current liabilities of $46,039.

During fiscal 2002, we sold a total of 2,025,098 shares at $0.10 per share in a private
placement offering through which we received gross offering proceeds of $202,510.  We also
issued 220,000 shares at $0.10 per share in satisfaction of debt.  The shares for all of these
transactions were issued in the third quarter.  As a result, a total of 2,245,098 new shares were
issued during the year, increasing the number of issued and outstanding shares to 35,457,597.
We had cash on hand of $9,577 as of February 28, 2003.

We plan to use our cash on hand and revenues from product sales to pay on-going
expenses related to compliance with our reporting obligations under the Securities Exchange Act
of 1934.   We currently believe that we will be able to sell ballasts and collect payment from
purchasers  immediately upon delivery of the product.  Therefore, we plan to pay to pay for
purchase of the ballasts within 10 days after delivery, using funds generated from sale of the
units.  If we begin receiving regular deliveries of units from the manufacturer and are able to
implement this plan, our current cash on hand combined with revenues from product sales will be
adequate to satisfy our cash needs for the next twelve months.  However, sine there is no
assurance that these funds will be sufficient to satisfy our cash needs, we also intend to continue
to seek additional funding for working capital needs.

Plan of Operations



We remain in the development stage.  Our plan of operations for the fiscal year of 2003 is
to continue our efforts to develop a business related to the marketing, distribution and sale of
digital electronic ballasts through our wholly owned Canadian subsidiary, Sunburst Digital, Inc.

At the beginning of the previous fiscal year, we had had signed a sub-distributorship
agreement with 1357784 Ontario Ltd ("EPI") pursuant to a contract between EPI and Romlight
International, the manufacturer.  However, both the contract between EPI and Romlight, and the
sub-distributorship agreement have now been cancelled.   Our subsidiary, Sunburst Digital, Inc.
signed a agreement directly with Romlight on April 2, 2003.  The terms and conditions of the
new agreement are the same as those contained in our original agreement with EPI, and under the
new agreement all deposits that we had previously paid to EPI  have been forwarded to
Romlight.

Also, under the terms of the new agreement with Romlight, we have an annual purchase
commitment of 100,000 ballasts.  However, this commitment is subject to the ability of the
manufacturer to produce and deliver ballasts in a timely fashion because during the previous
fiscal year, Romlight was not able to deliver the product.  Under the new contract, our purchase
annual purchase commitment will not commence until the first 5,000 ballasts have been received.

We have taken delivery of 500 400-watt ballasts, which have been sold.  Partial payments
have been received subsequent to the end of the prior fiscal year, thereby generating revenue of
approximately $75,000.

An initial order of 25,000 1000-watt ballasts was place 1 year ago.  Romlight was not
able to complete the delivery of these units and, as a result, under the new agreement the initial
order has been reduced to 5000 600-watt ballasts.  Our cash deposit for purchase of these units
has been increased to $87,500.  Samples, and the first 200 units of our order for purchase of
5,000 units  have been received.  They are being checked for quality by the company before
shipping to customers.

A definitive production schedule is expected from Romlight during early June, 2003.
They have indicated that a ramp up of production is expected in June and we have been informed
that the 5,000-unit order is expected to be completed by the end of August 2003.  We currently
expect to receive gross revenues of approximately $750,000 from the sale of 5,000 units.

We continue to test all sizes of the ballast and, as part of our marketing efforts, have
made arrangements to have the electronic ballast introduced to a number of potential users.  We
caution, however, that the ballasts are a new product and that acceptance may be limited.

We believe that the quality of the product from 70 up to 600-watts is becoming more
consistent, but do not intend to ship it to purchasers unless we are satisfied that it meets our
performance expectations.  We are continuing to initiate efforts to contact potential customers,
and for that purpose, offices have been setup in the UK and in Eastern Europe.

We are also evaluating other energy-efficient products which have the potential to be
marketed to the hydroponics industry.

ITEM  7.	FINANCIAL STATEMENTS AND EXHIBITS

Index to Financial Statements - February 28, 2003

Report of Independent Accountants

Balance Sheet

Statements of Operations

Statements of Cash Flows

Statement of Stockholders' Equity

Notes to Financial Statements

**REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS**

The Board of Directors and Stockholders of

Sunburst Acquisitions IV, Inc.

We have audited the accompanying balance sheet of Sunburst Acquisitions IV, Inc. (a
development stage company) as of February 28, 2003, and the related statements of operations,
stockholders' equity, and cash flows for the year ended February 28, 2003, for the year ended
February 28, 2002, and for the period from inception (August 27, 1997) to February 28, 2003.
These financial statements are the responsibility of the Company's management.  Our
responsibility is to express an opinion on these financial statements based on our audits.



We conducted our audits in accordance with auditing standards generally accepted in the United
States of America.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement
presentation.  We believe that our audits provide a reasonable basis for our opinion.



In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of Sunburst Acquisitions IV, Inc. as of February 28, 2003, and the results of
its operations and cash flows for the year ended February 28, 2003, for the year ended February
28, 2002, and for the period from inception (August 27, 1997) to February 28, 2003, in
conformity with accounting principles generally accepted in the United States of America.



The accompanying financial statements have been prepared assuming that the Company will
continue as a going concern.  As discussed in Note 6 to the financial statements, the Company
has sustained operating losses since its inception and has deficits in working capital and equity
which raises substantial doubt about its ability to continue as a going concern.  Management's
plans in regard to these matters, which include a private placement of securities, are also
described in Note 6.  The financial statements do not include any adjustments related to the
recoverability and classification of asset carrying amounts or the amount and classification of
liabilities that might result should the Company be unable to continue as a going concern.



|Denver, Colorado

May 27, 2003 | Comiskey & Co.

**PROFESSIONAL CORPORATION**                                               
|------------------------------ | -------------------------------------------------------------------------------------------
|                               | Certified Public Accountants & Consultants

789 Sherman Street, Suite 440, Denver, CO 80203

**Sunburst Acquisitions IV, Inc. and Subsidiary**

**(a Development Stage Company)**

**BALANCE SHEET**

**February 28, 2003**

|                                   | **ASSETS**                                                                       |                                                      |             |                  
|---------------------------------- | -------------------------------------------------------------------------------- | ---------------------------------------------------- | ----------- | -----------------
|                                   |                                                                                  |                                                      |             |                  
|CURRENT ASSETS**                   |                                                                                  |                                                      |            
|                                   | **************Cash and cash equivalents                                          |                                                      |             | $           9,577
|                                   | **************Inventory                                                          |                                                      |             | 22,245           
|                                   | **************Accounts receivable, net allowance for doubtful account of $13,360 |                                                      | 21,244     
|                                   | Notes receivable, net allowance for doubtful account of $75,000                  |                                                      | -          
|                                   | Other current assets****                                                         | ****                                                 |             | 3,360            
|                                   |                                                                                  |                                                      |             |                  
|                                   |                                                                                  | Total current assets                                 | ****        |                  
|                                   |                                                                                  |                                                      |             |                  
|************OTHER ASSETS           | ****                                                                             |                                                      |            
|                                   | ************Deposits****                                                         | ****                                                 |             | 87,500           
|                                   |                                                                                  |                                                      |             |                  
|                                   |                                                                                  | ************TOTAL ASSETS                             | ****        |                  
|                                   |                                                                                  |                                                      |             |                  
|                                   | ****************LIABILITIES AND
STOCKHOLDERS' EQUITY                             | ****                                                 |             |                  
|                                   |                                                                                  |                                                      |             |                  
|********CURRENT LIABILITIES        | ****                                                                             |                                                      |            
|                                   | Accounts payable                                                                 |                                                      |             | $           6,264
|                                   | Accrued interest                                                                 |                                                      |             | 11,275           
|                                   | Notes payable - related parties                                                  |                                                      |             | 28,500           
|                                   |                                                                                  |                                                      |             |                  
|                                   |                                                                                  | ********Total current liabilities                    | ****        |                  
|                                   |                                                                                  |                                                      |             |                  
|************STOCKHOLDERS' EQUITY** |                                                                                  |                                                      |            
|                                   | Preferred stock, no par value; 20,000,000 shares                                 |                                                      |            
|                                   |                                                                                  | authorized; no shares issued and outstanding         |             | -                
|                                   | Common stock, no par value; 200,000,000 shares                                   |                                                      |            
|                                   |                                                                                  | authorized; 35,457,597 shares issued and outstanding |             | 1,701,843        
|                                   | Additional paid-in capital from stock
options                                    |                                                      |             | 48,320           
|                                   | Deficit accumulated during the development stage                                 |                                                      | (1,646,466)
|                                   | Accumulated other comprehensive loss                                             |                                                      |             | (5,810)          
|                                   |                                                                                  |                                                      |             |                  
|                                   |                                                                                  |                                                      |             |                  
|                                   |                                                                                  |                                                      |             |                  
|                                   |                                                                                  | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY           |             | $       143,926  
|                                   |                                                                                  |                                                      |             |                  

The accompanying notes are an integral part of the financial statements.

******Sunburst Acquisitions IV, Inc. and Subsidiary**

**(a Development Stage Company)**

**STATEMENTS OF OPERATIONS**

|                                                  |                                                                                    |                                                 | For the period                 | ****                     |                               |                               |         
|------------------------------------------------- | ---------------------------------------------------------------------------------- | ----------------------------------------------- | ------------------------------ | ------------------------ | ----------------------------- | ----------------------------- | --------
|                                                  |                                                                                    |                                                 | ************from inception     | ****                     |                               |                               |         
|                                                  |                                                                                    |                                                 | ************ (August 27, 1997) | **For the year**        
|                                                  |                                                                                    |                                                 | **to February 28,**            | ****                     | **ended February 28,**       
|                                                  |                                                                                    |                                                 | **2003**                       | ****                     | **2003**                      | ****                          | **2002**
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|**********REVENUES**                              | $             232,815                                                              |                                                 | $                24,580        |                          | $                           -
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|EXPENSES                                          |                                                                                    |                                                 |                                |                          |                              
|                                                  | ********Cost of goods sold                                                         | 16,639                                          |                                | 16,639                   |                               | -                            
|                                                  | ********Selling, general and administrative                                        | 1,072,581                                       |                                | 273,795                  |                               | 70,770                       
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|                                                  |                                                                                    | ********Total expenses                          | 1,089,220                      |                          | 290,434                       |                               | 70,770  
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|NET OPERATING LOSS                                | (856,405)                                                                          |                                                 | (265,854)                      |                          | (70,770)                     
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|OTHER INCOME AND EXPENSE                          |                                                                                    |                                                 |                                |                          |                              
|                                                  | Interest expense                                                                   | (38,703)                                        |                                | (4,811)                  |                               | (6,090)                      
|                                                  | Gain on sale of securities                                                         | 469,863                                         |                                | 69,863                   |                               | -                            
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|NET LOSS FROM CONTINUING OPERATIONS               | (425,245)                                                                          |                                                 | (200,802)                      |                          | (76,860)                     
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|********DISCONTINUED OPERATIONS                   |                                                                                    |                                                 |                                |                          |                              
|                                                  | ********Loss from operations of HollywoodBroadcasting.com                          |                                                 |                                |                          |                               |                              
|                                                  |                                                                                    | ********disposed of (net of income taxes of $0) | (2,066,371)                    |                          | -                             |                               | (46,940)
|                                                  | ********Gain on disposition of discontinued operations (net of income taxes of $0) | 845,150                                         |                                | -                        |                               | 845,150                      
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|********NET INCOME (LOSS)                         | (1,646,466)                                                                        |                                                 | (200,802)                      |                          | 721,350                      
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|Accumulated deficit                               |                                                                                    |                                                 |                                |                          |                              
|                                                  | Balance, beginning of period                                                       | -                                               |                                | (1,445,664)              |                               | (2,167,014)                  
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|                                                  | Balance, end of period                                                             | $        (1,646,466)                            |                                | $         (1,646,466)    |                               | $         (1,445,664)        
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|NET LOSS PER SHARE                                | $                (0.01)                                                            |                                                 | $               (NIL)          | $               (NIL)   
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|********Other comprehensive loss                  |                                                                                    |                                                 |                                |                          |                              
|                                                  | Unrealized foreign exchange loss                                                   | $                (5,810)                        |                                | $             (5,810)    |                               | $                           -
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|OTHER COMPREHENSIVE LOSS                          | $               (5,810)                                                            |                                                 | $            (5,810)           |                          | $                           -
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|TOTAL COMPREHENSIVE INCOME (LOSS)                 | $         (1,652,276)                                                              |                                                 | $            (206,612)         |                          | $              721,350       
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|TOTAL COMPREHENSIVE INCOME (LOSS) PER SHARE       |                                                                                    |                                                 |                                |                          |                              
|                                                  | Loss from continuing operations                                                    | $                    (0.01)                     |                                | $                 (0.01) |                               | $                         -  
|                                                  | ********Loss from discontinued operations                                          | (0.06)                                          |                                | -                        |                               | -                            
|                                                  | ********Gain on disposal of discontinued operations                                | 0.03                                            |                                | -                        |                               | 0.03                         
|                                                  | ********Other comprehensive income                                                 | -                                               |                                | -                        |                               | -                            
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|                                                  | ********Total comprehensive income (loss)                                          | $                  (0.05)                       |                                | $                (0.01)  |                               | $                     0.02   
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         
|WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK |                                                                                    |                                                 |                                |                          |                              
|                                                  | ******AND COMMON STOCK EQUIVALENTS OUTSTANDING**                                   | ****              33,352,438                    |                                | 33,877,227               |                               | 32,183,073                   
|                                                  |                                                                                    |                                                 |                                |                          |                               |                               |         

The accompanying notes are an integral part of the financial statements.

**Sunburst Acquisitions IV, Inc. and Subsidiary**

**(a Development Stage Company)**

**STATEMENTS OF CASH FLOWS**

|                                         |                                                      |                                         |                                          | For the period            | ****                   |         
|---------------------------------------- | ---------------------------------------------------- | --------------------------------------- | ---------------------------------------- | ------------------------- | ---------------------- | --------
|                                         |                                                      |                                         |                                          | ******from inception**    | ****                   |         
|                                         |                                                      |                                         |                                          | ********(August 27, 1997) | **For the year**      
|****                                     |                                                      |                                         |                                          | **to February 28,**       | **ended February 28,**
|****                                     |                                                      |                                         |                                          | **2003**                  | **2003**               | **2002**
|**CASH FLOWS FROM OPERATING
ACTIVITIES** |                                                      |                                         |                                         
|Net income (loss)                        | $     (1,646,466)                                    | $  (200,802)                            | $     721,350                           
|Adjustments to reconcile                 |                                                      |                                         |                                         
|                                         | net income (loss) to net cash flows                  |                                         |                                          |                          
|                                         | from operating activities:                           |                                         |                                          |                          
|                                         |                                                      | Gain on sale of securities              | (469,863)                                | (69,863)                  | -                     
|                                         |                                                      | Foreign exchange loss, unrealized       | (5,810)                                  | (5,810)                   | -                     
|                                         |                                                      | Issuance of options                     | 79,320                                   | 79,320                    | -                     
|                                         |                                                      | Depreciation                            | 52,332                                   | -                         | 17,449                
|                                         |                                                      | Allowance for doubtful accounts         | 88,360                                   | 88,360                    | -                     
|                                         |                                                      | Discontinued operations                 | (846,150)                                | -                         | (846,150)             
|                                         |                                                      | Increase in inventory                   | (79,950)                                 | (22,245)                  | -                     
|                                         |                                                      | Increase in other assets                | (566,117)                                | (83,089)                  | (386)                 
|                                         |                                                      | Increase in accounts receivable         | (42,742)                                 | (34,604)                  | (7,771)               
|                                         |                                                      | Increase in accrued expenses            | 145,638                                  | 2,311                     | 26,915                
|                                         |                                                      | Increase (decrease) in accounts payable | 125,158                                  | (2,250)                   | (3,379)               
|                                         |                                                      |                                         |                                          |                           |                        |         
|                                         |                                                      |                                         | Net cash flows from operating activities | (3,166,290)               | (248,672)              | (91,972)
|                                         |                                                      |                                         |                                          |                           |                        |         
|CASH FLOWS FROM INVESTING ACTIVITIES     |                                                      |                                         |                                         
|                                         | ******** Purchase of investment                      | (22,353)                                | (22,353)                                 | -                        
|                                         | ******** Maturity of investment                      | 22,353                                  | 22,353                                   | -                        
|                                         | ******** Proceeds from sale of securities            | 394,863                                 | 69,863                                   | -                        
|                                         | Purchase of property and equipment                   | (208,585)                               | -                                        | -                        
|                                         |                                                      |                                         |                                          |                           |                        |         
|                                         |                                                      |                                         | Net cash flows from investing activities | 186,278                   | 69,863                 | -       
|                                         |                                                      |                                         |                                          |                           |                        |         
|CASH FLOWS FROM FINANCING ACTIVITIES     |                                                      |                                         |                                         
|                                         | ******** Proceeds of sale of discontinued operations | 1,000                                   | -                                        | 1,000                    
|                                         | ******** Related party debt                          | 691,056                                 | (49,500)                                 | (500)                    
|                                         | ******** Proceeds from notes payable to stockholders | 548,191                                 | -                                        | -                        
|                                         | ******** Proceeds from notes payable                 | 100,500                                 | -                                        | -                        
|                                         | ******** Proceeds from exercise of options           | 33,000                                  | 33,000                                   | -                        
|                                         | Issuance of common stock                             | 1,615,842                               | 204,426                                  | 66,300                   
|                                         |                                                      |                                         |                                          |                           |                        |         
|                                         |                                                      |                                         | Net cash flows from financing activities | 2,989,589                 | 187,926                | 66,800  
|                                         |                                                      |                                         |                                          |                           |                        |         
|NET INCREASE (DECREASE) IN CASH          |                                                      |                                         |                                         
|                                         | ******AND CASH EQUIVALENTS**                         | 9,577                                   | 9,117                                    | (25,172)                 
|                                         |                                                      |                                         |                                          |                           |                        |         
|********CASH AND CASH EQUIVALENTS,       |                                                      |                                         |                                         
|                                         | ******BEGINNING OF PERIOD**                          | -                                       | 460                                      | 25,632                   
|                                         |                                                      |                                         |                                          |                           |                        |         
|********CASH AND CASH EQUIVALENTS,       |                                                      |                                         |                                         
|                                         | ******END OF PERIOD**                                | $                  9,577                | $            9,577                       | $               460      
|                                         |                                                      |                                         |                                          |                           |                        |         

The accompanying notes are an integral part of the financial statements.

Sunburst Acquisitions IV, Inc.

(a Development Stage Company)

STATEMENT OF STOCKHOLDERS' EQUITY

|                                         |                                         |              |              |                       |                           | Deficit                   |                            |                       
|---------------------------------------- | --------------------------------------- | ------------ | ------------ | --------------------- | ------------------------- | ------------------------- | -------------------------- | ----------------------
|                                         |                                         |              |              |                       |                           | accumulated               |                            | Total                 
|                                         |                                         |              | Common stock | Additional            | during the                | Other                     | stockholders'             
|                                         |                                         |              | Number of    |                       | paid-in                   | development               | Comprehensive              | equity                
|                                         |                                         |              | shares       | Amount                | capital                   | stage                     | Loss                       | (deficit)             
|Common stock issued for cash:            |                                         |              |              |                       |                           |                           |                           
|                                         | April 1999                              |              | 15,000,000   | $            15,000   | $                       - | $                       - | $                        - | $               15,000
|                                         | May 1999                                |              | 15,000,000   | 15,000                | -                         | -                         | -                          | 15,000                
|                                         | July 1999                               |              | 2,500,000    | 2,500                 | 22,500                    | -                         | -                          | 25,000                
|                                         | August 1999                             |              | 1,500,000    | 1,500                 | 13,500                    | -                         | -                          | 15,000                
|                                         | September 1999                          |              | 136,667      | 137                   | 81,863                    | -                         | -                          | 82,000                
|                                         | October 1999                            |              | 100,000      | 100                   | 59,900                    | -                         | -                          | 60,000                
|                                         | November 1999                           |              | 376,667      | 377                   | 225,623                   | -                         | -                          | 226,000               
|                                         | December 1999                           |              | 546,667      | 547                   | 327,453                   | -                         | -                          | 328,000               
|                                         | January 2000                            |              | 521,667      | 522                   | 312,478                   | -                         | -                          | 313,000               
|                                         | February 2000                           |              | 150,000      | 150                   | 89,850                    | -                         | -                          | 90,000                
|                                         |                                         |              |              |                       |                           |                           | -                          |                       
|Net loss for the period ended            |                                         |              |              |                       |                           | -                         |                           
|February 29, 2000                        |                                         | -            | -            | -                     | (536,237)                 | -                         | (536,237)                 
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Balance, February 29, 2000               |                                         | 35,831,668   | 35,833       | 1,133,167             | (536,237)                 | -                         | 632,763                   
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Recapitalization of                      |                                         |              |              |                       |                           |                           |                           
|                                         | HollywoodBroadcasting.com               |              |              |                       |                           |                           |                            |                       
|December 4, 2000                         |                                         | 9,070,831    | 1,309,283    | (1,133,167)           | -                         | -                         | 176,116                   
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Net loss for the year ended              |                                         |              |              |                       |                           |                           |                           
|February 28, 2001                        |                                         | -            | -            | -                     | (1,630,777)               | -                         | (1,630,777)               
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Balance, February 28, 2001               |                                         | 44,902,499   | 1,345,116    | -                     | (2,167,014)               | -                         | (821,898)                 
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Cancellation of shares:                  |                                         |              |              |                       |                           |                           |                           
|December 4, 2000                         |                                         | (15,000,000) | -            | -                     | -                         | -                         | -                         
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Common stock issued for cash:            |                                         |              |              |                       |                           |                           |                           
|                                         | June 2001                               |              | 235,000      | 7,050                 | -                         | -                         | -                          | 7,050                 
|                                         | July 2001                               |              | 945,000      | 28,351                | -                         | -                         | -                          | 28,351                
|                                         | August 2001                             |              | 350,000      | 10,500                | -                         | -                         | -                          | 10,500                
|                                         | September 2001                          |              | 350,000      | 10,500                | -                         | -                         | -                          | 10,500                
|                                         | October 2001                            |              | 330,000      | 9,900                 | -                         | -                         | -                          | 9,900                 
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Net gain for the year ended              |                                         |              |              |                       |                           |                           |                           
|February 28, 2002                        |                                         | -            | -            | -                     | 721,350                   | -                         | 721,350                   
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Balance, February 28, 2002               |                                         | 32,112,499   | 1,411,417    | -                     | (1,445,664)               | -                         | (34,247)                  
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Common stock issued for cash:            |                                         |              |              |                       |                           |                           |                           
|                                         | April 2002                              |              | 1,000,000    | 30,000                | -                         | -                         | -                          | 30,000                
|                                         | September 2002                          |              | 1,082,098    | 110,126               | -                         | -                         | -                          | 110,126               
|                                         | November 2002                           |              | 943,000      | 94,300                | -                         | -                         | -                          | 94,300                
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Common stock issued in exchange of debt: |                                         |              |              |                       |                          
|                                         | September 2002                          |              | 220,000      | 22,000                | -                         | -                         | -                          | 22,000                
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Options issued:                          |                                         |              |              |                       |                           |                           |                           
|                                         | March 2002                              |              | -            | 31,000                | 31,000                    | -                         | -                          | 62,000                
|                                         | June 2002                               |              | -            | -                     | 17,320                    | -                         | -                          | 17,320                
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Options excercised:                      |                                         |              |              |                       |                           |                           |                           
|                                         | September 2002                          |              | 100,000      | 3,000                 | -                         | -                         | -                          | 3,000                 
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|                                         | Foreign exchange translation
adjustment | -            | -            | -                     | -                         | (5,810)                   | (5,810)                   
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Net loss for the year ended              |                                         |              |              |                       |                           |                           |                           
|                                         | February 28, 2003                       |              | -            | -                     | -                         | (200,802)                 | -                          | (200,802)             
|                                         |                                         |              |              |                       |                           |                           |                            |                       
|Balance, February 28, 2003               |                                         | 35,457,597   | $ 1,701,843  | $              48,320 | $        (1,646,466)      | $               (5,810)   | 97,887                    
|                                         |                                         |              |              |                       |                           |                           |                            |                       

The accompanying notes are an integral part of the financial statements.

******Sunburst Acquisitions IV, Inc.**

**(a Development Stage Company)**

**NOTES TO FINANCIAL STATEMENTS**

**February 28, 2003**

**1.	Summary of Significant Accounting Policies**

Development Stage Activities and Basis of Presentation

Sunburst Acquisitions IV, Inc. (a development stage company) (the "Company") was formed to
seek out and acquire business opportunities. In August 1999, the Company invested $1,000,000
in Prologic Management Systems, Inc., an Arizona corporation in the software industry, in
anticipation of a business combination with that company.  The agreement to acquire Prologic
was terminated prior to its consummation, and the Company charged off the investment to
operations in March 2000.  Since that time, the Company has entered into an agreement with
Prologic to recover a portion of its investment and, to date, has received $325,000 in funds
related thereto.  (See Note 5).

In December 2000, the Company acquired all of the issued and outstanding common stock of
HollywoodBroadcasting.com ("HBC") in exchange for 35,831,668 shares of the Company's
stock in a transaction accounted for as a recapitalization of HBC.  HBC was incorporated under
the laws of the State of Nevada on March 19, 1999.  It was created to provide live, daily,
interactive programming for the internet.  On September 28, 2001, the Company completed the
sale of its wholly owned subsidiary HollywoodBroadcasting.com for $1,000 in cash.  (See Note
8).

On February 27, 2002, the Company signed an agreement with 1357784 Ontario Ltd. ("EPI") to
distribute 1000-watt ballasts.  On January 23, 2003, the Company terminated its agreement with
EPI and began an agreement with Romlight International, Inc. ("Romlight"), the manufacturer of
the ballasts.  (See Note 7).  During the recent fiscal year, the Company has begun to receive
ballasts under this agreement.

The Company is a new enterprise in the development stage as defined by Statement No. 7 of the
Financial Accounting Standards Board, since it has derived only minimal revenues from its
activities to date.

**Accounting Method**

The Company records income and expenses on the accrual method.

**Fiscal Year**

The fiscal year of the Company is February 28.

**Principles of Consolidation**

The accompanying financial statements include all of the accounts and activity of Sunburst
Acquisitions IV, Inc., and its wholly-owned subsidiary, Sunburst Digital.  All intercompany
transactions have been eliminated in consolidation.



**Accounts Receivable**

The Company writes off accounts receivable as bad debts when they are determined to be
uncollectible.  Based on the Company's experience, this practice approximates treatment under
GAAP.  For certain notes and interest receivables, an allowance has been recorded to reflect the
fair value of the assets.

**Financial Instruments**

Unless otherwise indicated, the fair value of all reported assets and liabilities that represent
financial instruments (none of which are held for trading purposes) approximate the carrying
values of such amount.

**Inventory**

Inventory consists of ballasts.  Inventory is stated at average cost.

**Advertising Costs**

Costs associated with advertising are expensed in the year incurred.

**Statements of Cash Flows**

For purposes of the statements of cash flows, the Company considers all highly liquid debt
instruments purchased with an original maturity of three months or less to be cash equivalents.

**Loss per Share**

Loss per share has been calculated based upon the weighted average shares outstanding.

**Impairment or Disposal of Long-Lived Assets**

In August 2001, the FASB issued Statement No. 144, "Accounting for the Impairment or
Disposal of Long-Lived Assets" ("FAS 144").  FAS 144 clarifies the accounting for the
impairment of long-lived assets and for long-lived assets to be disposed of, including the disposal
of business segments and major lines of business.  The Company has implemented FAS 144 for
this fiscal year.  Long-lived assets are reviewed when facts and circumstances indicate that the
carrying value of the asset may not be recoverable.  When necessary, impaired assets are written
down to estimated fair value based on the best information available.  Estimated fair value is
generally based on either appraised value or measured by discounting estimated future cash
flows.  Considerable management judgment is necessary to estimate discounted future cash
flows.  Accordingly, actual results could vary significantly from such estimates.

No impairment was recorded in the fiscal year ending February 28, 2003.

**Use of Estimates**

The preparation of the Company's financial statements in conformity with generally accepted
accounting principles requires the Company's management to make estimates and assumptions that
effect the amounts reported in these financial statements and accompanying notes.  Actual results
could differ from those estimates.

**Consideration of Other Comprehensive Income Items**

SFAS No. 130 - Reporting Comprehensive Income, requires companies to present
comprehensive income (consisting primarily of net income plus other direct equity changes and
credits) and its components as part of the basic financial statements.  For the period ended
February 28, 2003, the Company's financial statements do not contain any changes in equity that
are required to be reported separately in comprehensive income.

******Stock-Based Compensation**

SFAS No. 123 - Accounting for Stock-Based Compensation allows companies to choose whether
to account for stock-based compensation under the method prescribed in Accounting Principles
Board Opinion No. 25 ("APB 25") or use the fair value method described in SFAS No. 123.  For
purposes of options granted to employees, the Company continues to follow the accounting
measurement provisions of APB 25 and implements the disclosure provisions of SFAS No. 123.

**Income Taxes**

The Company accounts for income taxes in accordance with SFAS No. 109 -Accounting for
Income Taxes.  Deferred tax assets and liabilities are recognized with respect to the tax
consequences attributable to differences between the financial statement carrying values and tax
basis of existing assets and liabilities.  Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in which these temporary
differences are expected to be recovered or settled.  Further, the effect on deferred tax assets and
liabilities of changes in tax rates is recognized in income in the period that includes the
enactment date.

**2.	Stockholders' Equity**

The Company is authorized to issue 20,000,000 shares of preferred stock.  The Company's Board
of Directors is authorized to divide the preferred stock into series, and with respect to each series,
to determine the preferences and rights and qualifications, limitations or restrictions thereof,
including the dividend rights, conversion rights, voting rights, redemption rights and terms,
liquidation preferences, sinking fund provisions, and the number of shares constituting the series
and the designations of such series.  The Board of Directors could, without stockholder approval,
issue preferred stock with voting and other rights that could adversely affect the voting rights of
the holders of common stock which issuance could have certain anti-takeover effects.

**3.	Related Party Transactions**

As of February 28, 2003, the Company had notes payable to related entities in the amount of
$28,500.  Interest on these notes has been imputed at a rate of 6.09% and totaled $11,275
cumulatively at February 28, 2003.

**4.	Income Taxes**

A deferred tax asset of $247,882 at February 28, 2003 relates to net operating losses and
deductible temporary differences due to development stage costs.  Management does not
consider it likely that the deferred tax asset will be realized.  Therefore, a full valuation
allowance has been established against the deferred tax asset.  The net operating losses will begin
to expire in 2020.

**5.	Investment in Prologic Management Systems, Inc.**

On February 16, 2001, the Company completed the sale of 2,859,972 shares of stock in Prologic
Management Systems, Inc., an Arizona corporation ("Prologic"), to Prologic, or its designees, for
a total sales price of $400,000, or approximately $0.1399 per share.  The sale was completed
pursuant to the terms of a Settlement Agreement and Release, dated January 26, 2001.  This
investment had been charged to operations in August 2000 by the Company.



The sales price was paid $325,000 in cash at closing and $75,000 through Prologic's execution
of a promissory note.  The promissory note bears interest at the rate of 10% per annum and
requires payments of $25,000 each on both the principal and interest, as of April 12, 2001, July
12, 2001, and October 12, 2001.  No payments have been made to date.  The Company does not
expect to receive payment from Prologic.  In the current fiscal year, the Company accrued an
allowance for doubtful accounts covering the $75,000 note and the corresponding interest in the
amount of $13,360 to bad debt expense.

As of February 28, 2003, the Company still owns 600,000 shares of the common stock of
Prologic Management Systems, Inc.  Their stock trades as "over the counter - big board" under
the symbol PRLO.  On February 28, 2003, PRLO closed trading at $0.27 per share.  The
investment in PRLO was written down to zero in a previous year and, consequently, the amount
is not included on the balance sheet.

**6.	Going Concern**

The accompanying financial statements have been prepared on a going concern basis.  The
Company has limited operating history and will need to raise additional capital to fund its
planned operations.  It has current assets of $56,426 and current liabilities totaling $46,039
resulting in a current ratio of 1.22 as of February 28, 2003.  The Company intends to reduce
operating losses through increased revenue by the selling of ballasts, as well as curtailing or
deferring administrative costs to the fullest extent possible.  In addition, the Company is
conducting a private placement, (see note 10).

**7.	Distribution Agreement**

On February 27, 2002, the Company signed a distribution agreement with EPI.  EPI has a
distribution agreement with Romlight, with offices at Stevmar House, Rockley, Christ Church
Barbados, West Indies. Under this agreement, Sunburst Acquisitions IV, Inc. will be the sole
sub-distributor for the length of the contract.

The distribution agreement between Romlight and EPI was signed October 5, 2000.  The initial
purchase for the first year was 20,000 units of a Romlight ballast.  Romlight was not able to
supply the ballasts in 2001 and, therefore, the contract took effect in 2002 when Romlight could
produce and deliver the ballasts.  During the current fiscal year, the Company took delivery of
500 ballasts valued at approximately $45,000 ($70,000CND).  On January 23, 2003, the
Company terminated its agreement with EPI and began an agreement with Romlight, the
manufacturer of the ballasts.  During the recent fiscal year, the Company has begun to deliver
ballasts under this agreement.

A deposit of $87,500 ($130,200CND) was issued to Romlight through EPI pursuant to their
agreement.  The deposit will be applied to the last 1,000 ballasts and also gives the Company
exclusive rights to sell Romlight Ballasts to  the hydroponic market.

******8.	Sale of Discontinued Operations**

On September 28, 2001, the Company completed the sale of its wholly owned subsidiary
HollywoodBroadcasting.com for $1,000 in cash.

Operating results of HollywoodBroadcasting.com for the year ended February 28, 2002 are
shown separately in the accompanying income statement as loss from discontinued operations.

Assets and liabilities of HollywoodBroadcasting.com sold consisted of the following:



Cash
$                  2,510Accounts receivable
367Inventories
57,705Capitalized project costs
481,519Property, plant, and equipment
156,253Total assets

698,354Accounts payable
118,893Accrued expenses
134,364Notes payable to stockholders
548,191Due to related party
741,056Total liabilities

1,542,504Net liabilities disposed of

$         844,150

**9.**	**Stock Compensation Programs**



On March 14, 2002, the Company's Board of Directors approved a Stock Compensation Program
and an Incentive Stock Option Plan (the "Plans"). The maximum number of shares that may be
purchased pursuant to the Plans is 6,000,000.  Options granted under the Plans include incentive
and nonqualified stock options, as well as actual shares of common stock, with vesting
determined on the grant date, not to exceed ten years, and are exercisable over a ten-year
maximum period at a price to approximate the fair market value of the common stock at the date
of grant.

****On June 5, 2002, the Company granted 100,000 options under its Incentive Stock Option Plan.
Compensation expense was recognized during that quarter totaling $17,320.  These options were
exercised at $0.03 per share on June 5, 2002.  The shares related to these options were issued in
September 2002.

**10.	Private Placement**

The Company began accepting subscriptions for shares of common stock at $0.10 per share.  In
the current fiscal year, the Company had received $194,536 as payment for approximately
1,945,360 shares of common stock.  The Company also received $7,974 as payment for 79,738
shares of common stock.  The Company also issued 220,000 shares of common stock in
exchange for converting debt in the amount of $22,000.  As of the current fiscal year, all
2,245,098 shares of common stock have been issued.









ITEM 8.       CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE.

The Company has had no change in, or disagreements with, its principal independent
accountant since the date of inception.

PART III

ITEM 9.    DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.

The directors and executive officers currently serving the Company are as follows:

|Name           | Age | Tenure                                                             
|-------------- | --- | -------------------------------------------------------------------
|Terry Fields   | 59  | President and Secretary since May 2001; Director since January 2001
|Kelly Zastowny | 38  | Director since March 2002                                          



The directors named above will serve until the next annual meeting of the Company's
stockholders.  Thereafter, directors will be elected for one-year terms at the annual stockholders'
meeting.  Officers will hold their positions at the pleasure of the board of directors, absent any
employment agreement, of which none currently exists or is contemplated.  There is no
arrangement, plan or understanding between any of the directors or officers of the Company and
any other person pursuant to which any director or officer was or is to be selected as a director or
officer, and there is no arrangement, plan or understanding as to whether non-management
shareholders will exercise their voting rights to continue to elect the current directors to the
Company's board.  There are also no arrangements, agreements or understandings between
non-management shareholders and management under which non-management shareholders may
directly or indirectly participate in or influence the management of the Company's affairs.

Biographical Information of Directors and Executive Officers follows:

Terry Fields.

Mr. Fields is a self-employed Attorney-at-Law in the state of California.  Mr. Fields was
called to the bar on June 15, 1969, and he has been a director of a number of public companies.

Kelly Zastowny.

Since 1985 Mr. Zastowny has been involved in the hydroponics industry.  His company,
Western Water Farms ("WWF") is a major retailer and wholesaler of hydroponic equipment
throughout North America, Europe and Australia.  WWF produces unique liquid organic
fertilizers, plastic molds, and other parts for the hydroponic industry.

Compliance with Section 16(a) of the Exchange Act



The Company's officers, directors and principal shareholders have each filed, or will file, an
Annual of Changes in Beneficial Ownership of Securities on Form 5.

ITEM 10.       EXECUTIVE COMPENSATION.

****No officer or director received any remuneration from the Company during the fiscal
year.  Until the Company acquires additional capital, it is not intended that any officer or director
will  receive compensation from the Company other than reimbursement for out-of-pocket
expenses incurred on behalf of the Company.  See "Certain Relationships and Related
Transactions."  The Company has  no stock option, retirement, pension, or profit-sharing
programs for the benefit of directors, officers or other employees, but the Board of Directors may
recommend adoption of one or more such programs in the future.****

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT.  	****

The following table sets forth, as of February 28, 2003, the stock ownership of each
executive officer and director of Sunburst Acquisitions, Inc., of all executive officers and
directors as a group, and of each person known by Sunburst Acquisitions, Inc. to be a beneficial
owner of 5% or more of its Common Stock.  Except as otherwise noted, each person listed below
is the sole beneficial owner of the shares and has sole investment and voting power as such
shares.  No person listed below has any options, warrants or other rights to acquire additional
securities of Sunburst Acquisitions, Inc., except as may be otherwise noted.

|Name and Address                                                         | Number of Shares
Owned Beneficially | % of Class Owned
|------------------------------------------------------------------------ | ----------------------------------- | ----------------
|Charles Malette

1550 35th Avenue West

Vancouver, B.C.

Canada,  V6M1H2 | 13,500,000                          | 38.07%          
|Terry Fields(1)

No. 3 Poipu Drive

Honolulu, HI 96825                   | 0                                   | 0               
|Kelly Zastowny(1)

103 - 20120 64th Avenue 
Langley, BC V2Y 1M8          | 0                                   | 0               
|All directors and executive officers ( 2 persons)                        | 0                                   | 0               

(1)  The person listed is an officer, a director, or both, of the Company.

ITEM 12.        CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.



Indemnification of Officers and Directors

As permitted by Colorado law, the Company's Articles of  Incorporation provide that the
Company will indemnify its directors  and officers against expenses and liabilities they incur to
defend, settle, or satisfy any civil or criminal action brought against them on account of their
being or having been Company directors or officers unless, in any such action, they are adjudged
to have acted with gross negligence or willful misconduct.  Insofar as indemnification for
liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or
persons controlling the Company pursuant to the foregoing provisions, the Company has been
informed that, in the opinion of the Securities and Exchange Commission, such indemnification
is against public policy as expressed in that Act and is, therefore, unenforceable.



Exclusion of Liability



Pursuant to the Colorado Corporation Code, the Company's Articles of Incorporation
exclude personal liability for its directors for monetary damages based upon any violation of their
fiduciary duties as directors, except as to liability for any breach of the duty of loyalty, acts or
omissions not in good faith or which involve intentional misconduct or a knowing violation of
law, acts in violation of Section 7-5-114 of the Colorado Corporation Code, or any transaction
from which a director receives an improper personal benefit. This exclusion of liability does not
limit any right which a director may have to be indemnified and does not affect any director's
liability under federal or applicable state securities laws.



Conflicts of Interest



None of the officers of the Company will devote more than a  portion of their time to the
affairs of the Company.  There will be occasions when the time requirements of the Company's
business conflict with the demands of the officers' other business and investment activities.
Such conflicts may require that the Company attempt to employ additional personnel.  There is
no assurance that the services ofsuch persons will be available or that they can be obtained upon
terms favorable to the Company.

ITEM 13.   EXHIBITS AND REPORTS ON FORM 8-K.

(a)  The Exhibits listed below are filed as part of this Annual Report.



Exhibit No.     Document

3.1	Articles of Incorporation (incorporated by reference from Registration Statement on Form
10-SB/A filed with the Securities and Exchange Commission on December 29, 1997).

3.2	Bylaws (incorporated by reference from Registration Statement on Form 10-SB/A filed
with the Securities and Exchange Commission on December 29, 1997).

4.1	Specimen Common Stock Certificate (incorporated by reference from Registration
Statement on Form 10-SB/A filed with the Securities and Exchange Commission on
December 29, 1997).

10.1	Distribution Agreement between EPI and Sunburst Acquisitions IV, Inc.(incorporated by
reference from Form 10-KSB filed with the Securities and Exchange Commission on
May 20, 2002).

10.2	Distribution Agreement by and between Romlight International, Inc. and Sunburst
Digital, Inc.

(b)	No reports on Form 8-K were filed by the Company during the last quarter of its fiscal
year ending February 28, 2003.

- Exhibits 99.1 and 99.2**,**  CERTIFICATION PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002****are filed herewith.



ITEM 14.         CONTROLS AND PROCEDURES

The Company's Chief Executive Officer and Chief Financial Officer (or those persons
performing similar functions), after evaluating the effectiveness of the Company's disclosure
controls and procedures (as defined in Rules 13a-14(c) and 15d-14(c) under the Securities
Exchange Act of 1934, as amended) as of a date within 90 days of the filing of this annual report
(the "Evaluation Date"), have concluded that, as of the Evaluation Date, the Company's
disclosure controls and procedures were effective to ensure the timely collection, evaluation and
disclosure of information relating to the Company that would potentially be subject to disclosure
under the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.  There were no significant changes in the Company's internal controls
or in other factors that could significantly affect the internal controls subsequent to the
Evaluation Date.

******SIGNATURE**S

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

******SUNBURST ACQUISITIONS IV, INC.**

By: /S/ TERRY FIELDS

Terry Fields, President and Director

By: /S/ KELLY ZASTOWNY

Kelly Zastowny, Director

Date: May 29, 2003



Exhibit 10.2   - Distribution Agreement by and between Romlight International, Inc. and
            Sunburst Digital, Inc.



**DISTRIBUTION AGREEMENT**

**DISTRIBUTION AGREEMENT** made as of the 2nd day of April 2003 by and between
**Romlight International Inc**. with offices at The Towner Management Group, Second Street,
Holetown, St. James, Barbados, West Indies. (the "Manufacturer"), and **Sunburst Digital Inc.** a
public company incorporated under the company laws of British Columbia with offices at 300 m-
541 Howe St., Vancouver, BC (the "Distributor").

**W     I     T     N     E     S     S     E     T     H**

**WHEREAS**, the Manufacturer designs and develops a wide range of energy savings lighting
products; and

**WHEREAS**, Manufacturer desires to authorize Distributor to market and distribute and
provide support services for the Products, as defined below, and Distributor wishes to so distribute
the Products, in accordance with the terms and conditions set forth in this Agreement;

**NOW, THEREFORE**, in consideration of the foregoing, the parties, by their duly authorized
representatives, hereby covenant and agree as follows:

The Preamble forms an integral part of this Agreement.

1.         *Definitions*

1.1	"Intellectual Property Rights" means intellectual property or proprietary rights, including but
not limited to copyright rights, patent rights (including patent applications and disclosures), rights
of priority, and trade secret rights, recognized in any jurisdiction in the world.

"Product(s)" shall mean all of Manufacturer's energy savings lighting products, owned by
or licensed for sale to Manufacturer, which are being commercially distributed, now or in the future.

"Confidential Information" refers to:  (i) the specification and any related documentation or
technical or design information related to the Products; (ii) and any other business or technical
information of either of the Parties, including but not limited to any information relating to such
Party's product plans, designs, costs, product prices and names, finances, marketing plans, business
opportunities, personnel, research, development or know-how designated by a Party as "confidential"
or "proprietary" or which, under the circumstances taken as a whole, would reasonably be deemed
to be confidential; and (iv) the terms and conditions of this Agreement. Notwithstanding the
foregoing, "Confidential Information" will not include information that:  (i) is or becomes generally
known or available by publication, commercial use or otherwise through no fault or breach of
confidentiality undertakings of the receiving Party; (ii) is known to the receiving Party at the time
of disclosure without violation of any confidentiality restriction, as demonstrated by prior tangible
evidence, and without any restriction on the receiving Party's further use or disclosure; or (iii) is
independently developed by the receiving Party, as demonstrated by reasonable prior tangible
evidence furnished by the receiving Party.

"Hydroponic Market" shall mean retailers which -sell products only to hydroponic growers.

"Retrofit Market" shall mean the replacement of i) existing ballasts or ii) ballasts with fixture
attached - with the Manufacturer'sProducts.

"Territory A" shall mean the province of British Columbia in Canada and England, Scotland,
Ireland and Wales.

2.	*Appointment of Distributor; Restrictions*

2.1	Subject to the terms and conditions set forth in this Agreement, Manufacturer hereby appoints
Distributor as its exclusive distributor of Products for sale to the Retrofit Market in Territory A and
as its exclusive distributor of Products for sale to the Hydroponic Market, worldwide, for the
promotion and sale of the Products to end users.

2.1.1 	However, the Manufacturer shall be entitled in any event to sell Products to (1) OEMs, (2)
any party which incorporates Products in other products or (3) purchasers who private label Product -
notwithstanding the fact that such purchasers (set forth in 1-3 of this subsection 2.1.1) distribute
directly or indirectly to the Retrofit Market.

The Retrofit Market and the Hydroponic Market may hereafter be referred to as the Market(s).

2.2	Distributor is hereby authorized to enter into agreements with sub-distributors for the
distribution, promotion and support of the Products by such third parties, all subject to the terms and
conditions of this Agreement. All sub-distributors of Products shall be required to enter into a
contract not less protective of Manufacturer's rights then contained herein.

2.4	So long as this Agreement is in effect Distributor will not market, sell, distribute the Product
to the Retrofit Market, directly or indirectly, outside  Territory A, nor shall Distributor be concerned
or interested, either directly or indirectly, in the production, importation, marketing, sale or
distributing of products to hydroponic growers or the Retofit Market , directly or indirectly,
manufactured by third parties that compete with or are similar to the Products in any manner.
Distributor shall promptly refer to Manufacturer all inquiries or orders for the Products to the
Retrofit Market from customers located outsideTerritory A or from customers which do not relate
to the Retrofit or Hydroponic Market unless Distributor has obtained Manufacturer's written consent
to deal with such inquiries or orders. Finders Fees and Split Sales Commissions shall be paid in
accordance with Schedule 2.4 attached hereto.

3.	*Delivery of Product;* *Price of Products; Remittance of Purchase Price; Minimal Sales;*

3.1	*Delivery of Product*. Delivery of Product shall be FOB. Title for Products purchased
thereunder will pass upon delivery. Distributor assumes risk of loss and damage of Products upon
delivery.

3.2	*Price of Product*. The price of Products to Distributor shall be as set out on the Price List in
the letter from Manufacturer to be delivered to Distributor contemporaneously with execution of this
Agreement.  Manufacturer is entitled to change price of each Product on Price List upon three
months prior written notice to Distributor, provided, however, that in the event that Manufacturer's
cost of a component or group of components for a Product increases by more than 20% since date
of last Price List update the Manufacturer may increase the price of each such Product upon written
notice.

All charges for transportation, rigging and drayage for the products will be paid by the Distributor.
Distributor shall pay such charges and taxes when invoiced by Manufacturer or shall supply
satisfactory tax exemption or resale certificates to Manufacturer.

3.3	Nothing in this Agreement shall be construed to limit the rights of Distributor to determine
the prices or the terms at which Products may be resold.

3.4	*Payment.* Cash on delivery; and Twenty-Five (25%) percent upon submission of written order
which deposit shall be applied against payment owing for equivalent of last product delivered.



3.5	*Minimal Sales*. Should the Distributor fail to order or take delivery of the minimum annual
sales quota of Products for the Hydroponic Market or the Retrofit Market , as set out in the letter
from Manufacturer to be delivered to Distributor contemporaneously with execution of this
Agreement, then the Manufacturer shall be entitled to terminate this Agreement anytime upon
written notice with respect to the particular market(s)(Hydroponic or Retrofit) for which minimum
sales were not met and in any event, if minimum sales are not met and Manufacturer has not given
notice of termination, the rights granted herein to the Distributor with respect to such market(s) shall
no longer be exclusive.

In addition to the above, in the event that Distributor fails to order (for reason or reasons not
associated with the supply capabilities of the Manufacturer) 20,000 units within six months of
commencement of Year 1 (as defined in the said letter) then the rights granted herein to Distributor
shall no longer be exclusive with respect to either of the said markets.



4.	*Warranty*

**4.1	**Limited Warranty**

****All the MANUFACTURER's Products sold by MANUFACTURER to DISTRIBUTOR
hereunder are SUBJECT ONLY TO THE WARRANTY ATTACHED HERETO AS APPENDIX
A.

4.2	**LIMITATION ON LIABILITY**.

IN NO EVENT SHALL EITHER PARTY BE LIABLE IN RESPECT OF OR ARISING OUT OF
THE PERFORMANCE AND/OR BREACH OF ITS OBLIGATIONS HEREUNDER FOR ANY
INDIRECT, INCIDENTAL OR SPECIAL OR CONSEQUENTIAL DAMAGES, INCLUDING
LOSS OF PROFITS, REVENUE, DATA OR USE, INCURRED BY THE OTHER PARTY
WHETHER IN AN ACTION IN CONTRACT OR TORT, EVEN IF THAT PARTY OR ANY
OTHER PERSON HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

4.3	IN ANY EVENT THE MANUFACTURER'S LIABILITY ARISING OUT OF THE SALE
OR USE OF ANY OF THE MANUFACTURER'S PRODUCTS SHALL NOT EXEED THE
AMOUNT RECEIVED BY MANUFACTURER FOR THOSE PRODUCTS

5.	*Promotion of the Products; Support; Reporting*

5.1	Distributor shall use its best efforts to promote and sell and support the Products in
accordance with the Manufacturer's reasonable marketing guidelines provided from time to time.

5.2	Distributor shall maintain offices in each Territory with sufficient staff to properly promote
and support the Products.

5.2	As between Manufacturer and Distributor, Distributor shall be responsible for providing all
support for all Products to sub-distributors and end users. Distributor shall set up a service network
inTerritory A to provide appropriate support services to Product users.

5.3	Distributor shall conduct its business in compliance with all applicable laws in Territory A.

5.4	Distributor shall keep a full and proper record of its activities on behalf of Manufacturer
(including books of account, customer lists, dealer and sales representative lists, correspondence,
fault calls, etc.) and shall furnish Manufacturer and its representatives full and unimpeded access to
such records, upon reasonable advance notice, from time to time. Distributor shall provide
Manufacturer with such additional information regarding the promotion and sale of the Products,
competing products, market conditions and Distributor' s activities in the Territories with respect
to the Products, as Manufacturer may reasonably request.

5.5	Distributor shall promptly inform Manufacturer of any infringement that comes to its
attention of any patents, copyrights, trademarks, service marks, trade names, trade secrets or other
intellectual property rights of Manufacturer. Distributor further undertakes to assist Manufacturer,
during the term of this Agreement, in taking such steps, as Manufacture may deem appropriate to
protect such intellectual property rights. The cost or expense of any legal or other proceedings
incident to the protection of Manufacturer's intellectual property rights shall be paid for by the
Manufacturer; provided, however, that nothing herein shall be construed as obligating Manufacturer
to commence any legal or other proceedings to take any other steps to protect its intellectual property
rights as aforesaid.

5.6	Manufacturer will provide Distributor with access to Manufacturer's Product marketing
material for purchase and use by Distributor. Prices for such material shall be set by Manufacturer,
and may change from time to time.

6.	*Terms and Termination*

6.1  	This Agreement shall become effective on the date that it is signed by both parties hereto and,
unless terminated as provided below, shall continue in full force and effect for five (5) years  (the
"Initial Term") and thereafter shall automatically be renewed for additional three one (1) year terms
unless either party notifies the other in writing at least ninety (90) days prior to the scheduled
termination (initial term or any subsequent one year term) of the Agreement of its election to not
renew the Agreement.

6.2	Either Party shall be entitled to terminate this Agreement forthwith, by written notice, should
the other party fail to comply with its obligations in this Agreement and does not remedy such non-compliance within thirty (30) days after receipt of notice from the other party that it intends to
terminate this Agreement if such failure is not corrected.

6.3	Either party may terminate this Agreement forthwith, by notice, if the other party is declared
insolvent or bankrupt, or makes an assignment for the benefit of creditors, or shall have a receiver
or trustee appointed for its business or property or is dissolved or liquidated or otherwise ceases
business,  and such declaration or execution, or appointment is not cancelled within forty five (45)
days.

6.4	Unless expressly stated otherwise, upon the termination, cancellation or expiration of this
Agreement, neither party shall be responsible or liable to the other for consequential or incidental
damages of any kind.

6.5	E*ffect of Termination or Expiration*. Upon the termination of this Agreement for any reason
whatsoever each party shall promptly return to the disclosing party, and/or erase or destroy all copies
of any Confidential Information in the possession of such party or its subsidiaries. Upon such return,
erasure and/or destruction, such party shall confirm in writing to the disclosing party that it has
complied with its obligations under this section

6.6	*Survival*. Sections 1,  3.4, 4, 5.2-5.4, 6-11 of this Agreement shall survive the termination
and/or expiration of this Agreement for any reason whatsoever.

7.	*Confidentiality; Employment of Other Party's Employees*

7.1*No Unauthorized Use or Disclosure*. Each party shall: (i) hold in confidence, and not disclose
or reveal to any person or entity, any Confidential Information of the other party without the clear
and express prior written consent of a duly authorized representative of such other party, except that
a party receiving Confidential Information from the other party may reveal such information solely
to its employees or contractors or consultants who require such disclosure to allow such receiving
party to perform its obligations or exercise its rights under this Agreement and who agree in writing
to refrain from making any unauthorized use or disclosure thereof; and (ii) not use any Confidential
Information of the other party for any purpose at any time, other than for the purpose(s) of
performing its obligations or exercising its rights under this Agreement.  Each party shall protect the
Confidential Information of the other party using at least the same degree of care it uses to protect
its own proprietary and confidential information and materials of like importance, but in no event
less care than a reasonably prudent business person would take in a like or similar situation.  Each
party shall return any Confidential Information of the other upon written request, except to the extent
that doing so would undermine or interfere with the exercise by the receiving party of its rights under
this Agreement.

7.2*Terms of Agreement.*



**Schedule 2.4**

****The purpose of this schedule is to provide a standardized reward system for authorized ROMlight
International Inc. (RII) Agents and Distributors when they participate in the securing of business
for RII that is outside of their assigned territory or market segment.

There are two categories of referral activity, namely Finder and Split Sale.

**Finder Fees**are paid when an authorized RII Agent or Distributor refers a potential sale to RII for
RII to pursue the sale either directly or through an authorized Agent or Distributor. The referring
Agent must introduce RII or the authorized Agent or Distributor to the potential client and ensure
that a positive relationship is maintained over a two year period. A Finder Fee is paid to the Finder
when an order is paid for by client. The Finder Fee is paid for all payments received within two years
from the date of the initial referral.

**Split Sale Commission**is paid when a referring Agent or Distributor contributes more than ensuring
that a positive relationship is maintained with client. The Split Sale Commission, which will be
greater than 2 1/2%, is paid for two years from the date that the participating parties agree to the level
of support to be provided by the referring agent, on all shipments paid for during the two year period.
Split Sale Commission will be determined on a case by case basis by the parties.

**Amount of Fees**

****2 1/2% of all sales by RII ( less prepaid freight, duties and taxes and returns), paid 30 days from
receipt of payment by RII.

Finder Fee for OEM transactions will be determined on a customer by customer basis.

ROMlight International Inc. reserves the right to modify this schedule if some unforeseen condition
dictates a unique solution for a specific customer.

****

Exhibit 99.1

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Terry Fields, certify that:

1.  I have reviewed this annual report on Form 10-KSB of Sunburst Acquisitions IV, Inc.

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

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

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

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

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

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

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

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

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

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

|Date:	May 29, 2003 | /S/ TERRY FIELDS

President and Director
|------------------ | ----------------------------------------



Exhibit 99.2

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Kelly Zastowny, certify that:

1.  I have reviewed this annual report on Form 10-KSB of Sunburst Acquisitions IV, Inc.

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

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

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

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

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

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

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

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

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

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

|Date:	 May 29, 2003 | /S/ KELLY ZASTOWNY

Director
|------------------- | ----------------------------