**UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION**
  Washington, DC 20549

FORM 10-QSB

|x
       Quarterly Report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934
|------------------------------------------------------------------------------------------------------
|                                                                                                      
|For the six month period ended June 30,
      2003                                                    
|                                                                                                      
| ̈
       Transition Report pursuant to 13 or 15(d) of the Securities Exchange
      Act of 1934       
|For the transition period ________________
      to _________________                                 

Commission File Number:  **333-102930**

MOVITO HOLDINGS LTD.





|Nevada                                                               | 98-0385312                       
|-------------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of                                      | (IRS Employer Identification No.)
|incorporation or organization)                                       |                                  
|                                                                     |                                  
|Box 18, Suite 323-595 Howe Street                                    |                                  
|Vancouver, British Columbia, Canada                                  | V6C 2T5                          
|(Address of principal executive offices)                             | (Postal or Zip Code)             
|                                                                     |                                  
|604-682-8468
      ( Issuers telephone number, including area code)

Former Address: Suite 804-750 West Pender Street, Vancouver,
  BC Canada, V6C 2T8 (Former name, former address and former fiscal year, if changed since last
  report)

Check whether the issuer (1) filed all reports required to
  be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
  the preceding 12 months (or for such shorter period that the issuer was required
  to file such reports), and (2) has been subject to such filing requirements
  for the past 90 days   x
  Yes  ̈ No

State the number of shares outstanding of each of the issuers
  classes of common stock, as of the latest practicable date: 6,440,776 Shares
  of $0.001 par value Common Stock outstanding as of June 30, 2003.



---

PART 1  FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying unaudited financial statements have been
  prepared in accordance with the instructions to Form 10-QSB and Item 310 (b)
  of Regulation S-B, and, therefore, do not include all information and footnotes
  necessary for a complete presentation of financial position, results of operations,
  cash flows, and stockholders equity in conformity with generally accepted
  accounting principles. In the opinion of management, all adjustments considered
  necessary for a fair presentation of the results of operations and financial
  position have been included and all such adjustments are of a normal recurring
  nature. Operating results for the three months ended June 30, 2003 are not necessarily
  indicative of the results that can be expected for the year ending December
  30, 2003.







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MOVITO HOLDINGS LTD.(a development stage company)

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003

(Unaudited)







CONSOLIDATED BALANCE SHEET

INTERIM CONSOLIDATED STATEMENT OF OPERATIONS

INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS





F-1

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MOVITO HOLDINGS LTD.(a development stage company)

CONSOLIDATED BALANCE SHEETS



|                                                                      |   | June 30,    |   |   | December 31, |  
|--------------------------------------------------------------------- | - | ----------- | - | - | ------------ | -
|                                                                      |   | 2003        |   |   | 2002         |  
|                                                                      |   |             |   |   |              |  
|                                                                      |   | (Unaudited) |   |   |              |  
|                                                                      |   |             |   |   |              |  
|ASSETS                                                                |  
|                                                                      |   |             |   |   |              |  
|CURRENT ASSETS                                                        |   |             |   |   |              |  
|Cash                                                                  | $ | 20,124      |   | $ | 39,983       |  
|Prepaid
      expenses and other                                      |   | 382         |   |   | 1,590        |  
|                                                                      |   |             |   |   |              |  
|                                                                      |   |             |   |   |              |  
|                                                                      | $ | 20,506      |   | $ | 41,573       |  
|                                                                      |   |             |   |   |              |  
|                                                                      |   |             |   |   |              |  
|LIABILITIES AND STOCKHOLDERS
        EQUITY                          |  
|                                                                      |   |             |   |   |              |  
|CURRENT LIABILITIES                                                   |   |             |   |   |              |  
|Accounts payable and accrued
      liabilities                        | $ | 11,806      |   | $ | 3,568        |  
|                                                                      |   |             |   |   |              |  
|                                                                      |   |             |   |   |              |  
|CONTINGENCIES(Note 1)                                                 |   |             |   |   |              |  
|                                                                      |   |             |   |   |              |  
|STOCKHOLDERS EQUITY                                                  |   |             |   |   |              |  
|Capital
      stock (Note 4)                                          |   |             |   |   |              |  
|Common
      stock, $0.001 par value, 70,000,000 shares authorized    |   |             |   |   |              |  
|Preferred
      shares, $0.001 par value, 5,000,000 shares authorized |   |             |   |   |              |  
|6,440,776
      common shares issued and outstanding                  |   | 6,441       |   |   | 6,441        |  
|Additional
      paid in capital                                      |   | 48,137      |   |   | 45,137       |  
|Deficit accumulated during
      the development stage                |   | (46,432     | ) |   | (13,542      | )
|Accumulated
      other comprehensive income (loss)                   |   | 554         |   |   | (31          | )
|                                                                      |   |             |   |   |              |  
|                                                                      |   |             |   |   |              |  
|                                                                      |   | 8,700       |   |   | 38,005       |  
|                                                                      |   |             |   |   |              |  
|                                                                      |   |             |   |   |              |  
|                                                                      | $ | 20,506      |   | $ | 41,573       |  
|                                                                      |   |             |   |   |              |  

The accompanying notes are an integral part of these interim
  consolidated financial statements.

F-2

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MOVITO HOLDINGS LTD.(a development stage company)

INTERIM CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)



|                                     |   | Three months  |   |   | Six months    |   |   | October 3, 2002 |  
|------------------------------------ | - | ------------- | - | - | ------------- | - | - | --------------- | -
|                                     |   | ended         |   |   | ended         |   |   | (inception) to  |  
|                                     |   | June 30, 2003 |   |   | June 30, 2003 |   |   | June 30, 2003   |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|REVENUES                             |   |               |   |   |               |   |   |                 |  
|ATM transaction
      fees           | $ | 5,915         |   | $ | 9,413         |   | $ | 11,204          |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|DIRECT COSTS                         |   | 862           |   |   | 1,652         |   |   | 1,907           |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|NET REVENUES                         |   | 5,053         |   |   | 7,761         |   |   | 9,297           |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|GENERAL AND ADMINISTRATIVE           |   |               |   |   |               |   |   |                 |  
|EXPENSES                             |   |               |   |   |               |   |   |                 |  
|Consulting and management
      fees |   | 7,623         |   |   | 17,210        |   |   | 26,340          |  
|Office and general                   |   | 3,632         |   |   | 5,849         |   |   | 6,006           |  
|Professional fees                    |   | 9,343         |   |   | 17,592        |   |   | 21,383          |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   | 20,598        |   |   | 40,651        |   |   | 53.820          |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|NET LOSS FOR THE PERIOD              | $ | (15,545       | ) | $ | (32,890       | ) | $ | (44,432         | )
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|BASIC NET LOSS PER SHARE             | $ | (0.00         | ) | $ | (0.01         | ) |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  
|WEIGHTED AVERAGE COMMON              |   |               |   |   |               |   |   |                 |  
|SHARES OUTSTANDING                   |   | 6,440,776     |   |   | 6,440,776     |   |   |                 |  
|                                     |   |               |   |   |               |   |   |                 |  



The accompanying notes are an integral part of these interim
  consolidated financial statements.

F-3

---

MOVITO HOLDINGS LTD.(a development stage company)

INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)



|                                                    |   | Three months  |   |   | Six months    |   |   | October 3, 2002 |  
|--------------------------------------------------- | - | ------------- | - | - | ------------- | - | - | --------------- | -
|                                                    |   | ended         |   |   | ended         |   |   | (inception) to  |  
|                                                    |   | June 30, 2003 |   |   | June 30, 2003 |   |   | June 30, 2003   |  
|                                                    |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|CASH FLOWS FROM OPERATING                           |   |               |   |   |               |   |   |                 |  
|ACTIVITIES                                          |   |               |   |   |               |   |   |                 |  
|Net loss for the
      period                       | $ | (15,545       | ) | $ | (32,890       | ) | $ | (44,432         | )
|Adjustments to reconcile
      net loss to net cash |   |               |   |   |               |   |   |                 |  
|used
      in operating activities:                 |   |               |   |   |               |   |   |                 |  
|Non-cash management
      fees                      |   | 1,500         |   |   | 3,000         |   |   | 4,500           |  
|Prepaid expenses
      and other                    |   | (224          | ) |   | 1,208         |   |   | (382            | )
|Accounts payable                                    |   | 7,040         |   |   | 8,238         |   |   | 11,806          |  
|                                                    |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|NET CASH FLOWS USED                                 |   |               |   |   |               |   |   |                 |  
|IN OPERATING ACTIVITIES                             |   | (7,229        | ) |   | (20,444       | ) |   | (28,508         | )
|                                                    |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|CASH FLOWS FROM FINANCING                           |   |               |   |   |               |   |   |                 |  
|ACTIVITIES                                          |   |               |   |   |               |   |   |                 |  
|Proceeds on sale
      of common stock              |   |               |   |   | -             |   |   | 48,078          |  
|                                                    |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|NET CASH FLOWS FROM FINANCING                       |   |               |   |   | -             |   |   | 48,078          |  
|ACTIVITIES                                          |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|EFFECT OF EXCHANGE RATE                             |   | 404           |   |   | 585           |   |   | 554             |  
|CHANGES                                             |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|(DECREASE) INCREASE IN CASH                         |   | (6,825        | ) |   | (19,859       | ) |   | 20,124          |  
|                                                    |   |               |   |   |               |   |   |                 |  
|CASH, BEGINNING OF PERIOD                           |   | 26,949        |   |   | 39,983        |   |   | -               |  
|                                                    |   |               |   |   |               |   |   |                 |  
|                                                    |   |               |   |   |               |   |   |                 |  
|CASH, END OF PERIOD                                 | $ | 20,124        |   | $ | 20,124        |   | $ | 20,124          |  
|                                                    |   |               |   |   |               |   |   |                 |  

The accompanying notes are an integral part of these interim
  consolidated financial statements.

F-4

---

MOVITO HOLDINGS LTD.(a development stage company)

NOTES TO INTERIM CONSOLIDATED INANCIAL STATEMENTS

JUNE 30, 2003
  (Unaudited)


---





The Company has acquired four Service and Management Contracts
  with retail locations operations and one Processing Contract with a cash
  transaction processor for four automated teller machines (ATMs) as well
  as the exclusive right to use the trade name Netcash in exchange
  for 2,000,000 restricted common shares of capital stock of the Company. On February
  2, 2003, the Company filed a SB2 Registration Statement with the Security and
  Exchange Commission of the United States to gain full reporting status. On May
  29, 2003 the Company received this status and became a fully reporting issuer
  in the United States. The Company retained a market maker to sponsor its 15C211
  filing statement with the National Association of Securities Dealers (NASD).
  On June 30, 2003 the Company received approval on this application and its shares
  were allowed to be traded on the NASD OTC BB.

The Company is in the initial development stage and has incurred
  losses since inception totalling $44,432. The Companys ability to continue
  as a going concern is dependent on raising additional capital to fund future
  operations and ultimately to attain profitable operations. Accordingly, these
  factors raise substantial doubt as to the Companys ability to continue
  as a going concern.

Unaudited Interim Financial Statements

The accompanying unaudited interim consolidated financial
  statements have been prepared in accordance with generally accepted accounting
  principles for interim financial information and with the instructions to Form
  10-QSB of Regulation S-B. They do not include all information and footnotes
  required by generally accepted accounting principles for complete financial
  statements. However, except as disclosed herein, there have been no material
  changes in the information disclosed in the notes to the financial statements
  for the year ended December 31, 2002 included in the Companys Annual Report
  on Form 10-KSB filed with the Securities and Exchange Commission. The interim
  unaudited consolidated financial statements should be read in conjunction with
  those financial statements included in the Form 10-KSB. In the opinion of Management,
  all adjustments considered necessary for a fair presentation, consisting solely
  of normal recurring adjustments, have been made. Operating results for the six
  months ended June 30, 2003 are not necessarily indicative of the results that
  may be expected for the year ending December 31, 2003.

NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


---

Organization 
  The Company was incorporated on September 25, 2002 in the State of Nevada and
  commenced operations on October 3, 2002. The Companys fiscal year end
  is December 31 with its initial period being from September 25, 2002 (inception)
  to December 31, 2002.

Basis of presentationThese financial statements are presented in United States dollars and have
  been prepared in accordance with United States generally accepted accounting
  principles.

Principles of Consolidation 
  The financial statements include the accounts of the Company and the 100% interest
  in its subsidiary 657333 B.C. Ltd., doing business as Netcash, incorporated
  October 29, 2002. All significant intercompany balances and transactions are
  eliminated on consolidation.

F-5

---



Use of Estimates and AssumptionsPreparation of the Companys financial statements in conformity with
  generally accepted accounting principles requires management to make estimates
  and assumptions that affect certain reported amounts and disclosures. Accordingly,
  actual results could differ from those estimates.

Cash and Cash EquivalentsThe Company considers all liquid investments, with an original maturity
  of three months or less when purchased, to be cash equivalents.

Fair Value of Financial InstrumentsIn accordance with the requirements of SFAS No. 107, the Company has determined
  the estimated fair value of financial instruments using available market information
  and appropriate valuation methodologies. The fair value of financial instruments
  classified as current assets or liabilities approximate carrying value due to
  the short-term maturity of the instruments.

Goodwill and Intangible AssetsThe Company has adopted the provisions of the Financial Accounting Standards
  Board (FASB) Statement No. 142, Goodwill and Intangible Assets
  (SFAS 142). Under SFAS 142, goodwill and intangible assets with
  indefinite lives will no longer be amortized and will be tested for impairment
  annually. The determination of any impairment would include a comparison of
  estimated future operating cash flows anticipated during the remaining life
  with the net carrying value of the asset as well as a comparison of the fair
  value to the book value of the Company or the reporting unit to which the goodwill
  can be attributed.

Revenue recognition 
  The Company derives its revenue from processing fees on Automated Teller Machine
  (ATM) transactions. Revenues earned are for electronic processing, supervision
  and reporting of transactions, installation, operation, maintenance and management
  of ATMs. Revenues received are a percentage of total transaction fees charged
  by the third party cash processor. Accordingly, the Company recognizes its revenues
  as the related processing services are provided.

Foreign currency transactions 
  The financial statements are presented in United States dollars. In accordance
  with Statement of Financial Accounting Standards No. 52, Foreign Currency
  Translation, foreign denominated monetary assets and liabilities are translated
  to their United States dollar equivalents using foreign exchange rates that
  prevailed at the balance sheet date. Revenue and expenses are translated at
  average rates of exchange during the year. Related translation adjustments are
  reported as a separate component of stockholders equity, whereas gains
  or losses resulting from foreign currency transactions are included in results
  of operations.

Net Loss per Common ShareBasic earnings per share includes no dilution and is computed by dividing
  income available to common stockholders by the weighted average number of common
  shares outstanding for the period. Dilutive earnings per share reflects the
  potential dilution of securities that could share in the earnings of the Company.
  Because the Company does not have any potentially dilutive securities, the accompanying
  presentation is only of basic loss per share.

F-6

---



Stock-based compensation 
  The Company accounts for stock-based employee compensation arrangements in accordance
  with the provisions of Accounting Principles Board Opinion No. 25, Accounting
  for Stock Issued to Employees, (APB No. 25) and complies with
  the disclosure provisions of Statement of Financial Accounting Standard No.
  123 Accounting for Stock-Based Compensation (SFAS No. 123).
  Under APB No. 25, compensation expense is recognized based on the difference,
  if any, on the date of grant between the estimated fair value of the Companys
  stock and the amount an employee must pay to acquire the stock. Compensation
  expense is recognized immediately for past services and pro-rata for future
  services over the option-vesting period.

The Company accounts for equity instruments issued in exchange
  for the receipt of goods or services from other than employees in accordance
  with SFAS No. 123 and the conclusions reached by the Emerging Issues Task Force
  in Issue No. 96-18, Accounting for Equity Instruments That Are Issued
  to Other Than Employees for Acquiring or in Conjunction with Selling Goods or
  Services (EITF 96-18). Costs are measured at the estimated
  fair market value of the consideration received or the estimated fair value
  of the equity instruments issued, whichever is more reliably measurable. The
  value of equity instruments issued for consideration other than employee services
  is determined on the earlier of a performance commitment or completion of performance
  by the provider of goods or services as defined by EITF 96-18.

Income taxes 
  The Company follows the liability method of accounting for income taxes. Under
  this method, future tax assets and liabilities are recognized for the future
  tax consequences attributable to differences between the financial statement
  carrying amounts of existing assets and liabilities and their respective tax
  balances. Future tax assets and liabilities are measured using enacted or substantially
  enacted tax rates expected to apply to the taxable income in the years in which
  those differences are expected to be recovered or settled. The effect on future
  tax assets and liabilities of a change in tax rates is recognized in income
  in the period that includes the date of enactment or substantive enactment.
  As at June 30, 2003 the Company had net operating loss carryforwards; however,
  due to the uncertainty of realization the Company has provided a full valuation
  allowance for the deferred tax assets resulting from these loss carryforwards.

Recent accounting pronouncementsThe Securities and Exchange Commission Staff Accounting Bulletin No. 101
  and subsequent amendments and related releases (SAB 101) released
  during the year ended September 30, 1999 provide guidance for the recognition
  of revenue in financial statements. The Company has considered the guidance
  presented therein and believes that the Companys practices for the recording
  of revenue are consistent with this guidance.

In July 2001, the Financial Accounting Standards Board (FASB)
  issued Statement of Financial Accounting Standards No. 141 (SFAS 141),
  Business Combinations, which eliminates the pooling method of accounting
  for business combinations initiated after June 30, 2001. In addition, SFAS 141
  addresses the accounting for intangible assets and goodwill acquired in a business
  combination. This portion of SFAS 141 is effective for business combinations
  completed after June 30, 2001. The adoption of SFAS 141 does not have a material
  impact on the Companys financial position or results of operations.

By agreement dated October 22, 2002 between the Company and
  Netcash Services Inc. (NSI), the Company acquired a 100% interest
  in four Service and Management Contracts with retail locations operations
  and one Processing Contract with a cash transaction processor for four automated
  teller machines (ATMs) as well as the exclusive right to use the trade
  name Netcash in exchange for (a) 2,000,000 restricted common shares
  of capital stock of the Company valued at $2,000; and (b) the commitment to
  provide a loan of up to $15,000 to its wholly owned subsidiary 657333 B.C. Ltd.
  The loan will have no fixed terms of repayment and should the Company be unable
  to provide the loan, this will not negate the terms of the asset purchase agreement.

F-7

---





In the first quarter of 2003, two of the initial Service and
  Management Contracts were cancelled and two new contracts were signed. The terms
  of the four management contracts currently in existence are as follows:

|(a) | Periods covered are 5 years.                                                                                                                                                                                                                                                                                                                                                       
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                    
|(b) | Fees earned vary between $.69 and $1.34 per transaction.                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                    
|(c) | The Company provides processing and monitoring of the cash
      dispensing service.                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                    
|(d) | The contracts can be cancelled on 14
        days written notice in the event of material default or, in all other
        cases, on 3  6 months written notice and the payment of a
        cancellation fee equal to 100% of the average monthly fees received from
        the ATM for the previous 4 months multiplied by the number of months remaining
        in the term.

In the first quarter of 2003, the Company executed a management
  contract with a prior employee of NSI and appointed a principal of NSI as a
  Director of its subsidiary 657333 B.C. Ltd. The management contract is for a
  period of three years, commencing January 1, 2003 and terminates January 31,
  2006 with the option to renew for an additional three years. Compensation will
  be $350 per month, as well as an additional $175 per month for each additional
  ATM installed, serviced and monitored by this individual, to a maximum of $3,125
  per month.

In the second quarter ending June 30, 2003, the company cancelled
  2 management contracts with retail operators due to insufficient transactions
  being generated by the ATMs on these locations. In the same period the company
  secured 3 additional management contracts with new retail operators. One of
  these new locations ATM became active on July 24, 2003, the second will become
  operational on August 5, 2003 and the third will become operational on September
  1, 2003.

The Companys capitalization is 70,000,000 common shares
  with a par value of $0.001 per share and 5,000,000 preferred shares at no par
  value.

During the period ended December 31, 2002 the Company received
  proceeds of $44,078 on issuance of 440,776 restricted shares at a price of $.10
  per share and $4,000 on issuance of 4,000,000 restricted shares at a price of
  $.001 per share.

To June 30, 2003 the Company has not adopted a stock option
  plan or granted any stock options and accordingly has not recorded any stock-based
  compensation.

During the six month period ended June 30, 2003 the Company
  incurred $7,500 in fees to an Officer of the Company for the provision of services
  as required in his capacity as Secretary and Treasurer of the Company as well
  as for general administrative support services. The Company also incurred $2,500
  in office rental fees to the same Officer. On January 1, 2003, the Company executed
  a General Administrative Services Agreement with the Officer for a period of
  six months commencing January 1, 2003. This agreement terminated June 30, 2003.

On January 15, 2003, the previous owner of NSI, was appointed
  a director of the Companys subsidiary. See Note 3.

The Company has net operating loss carry-forwards of approximately
  $44,000 which may be available to offset future taxable income which will expire
  in 2017. Due to the uncertainty of realization of these loss carry-forwards,
  a full valuation allowance has been provided for this deferred tax asset.

F-8

---

Item 2. Plan of Operation

Movito Holdings Ltd. Ltd. ("the Company") was incorporated
  in the state of Nevada on September 25, 2002. Pursuant to an Agreement dated
  October 22, 2002, the Company acquired 100% interest in 4 Service and Management
  Contracts with retail locations operators and 1 Processing contract with
  a cash transactions processor for 4 Automated Teller Machines (ATMs) as
  well as the exclusive right to use the trade name Netcash in consideration
  of 2,000,000 restricted common shares of the capital of the Company. Subsequently,
  on October 29, 2002, the Company incorporated a BC, Canada wholly owned subsidiary,
  657333 BC Ltd. (BC Ltd.) which will operate all of the companys assets
  relating to the ATM industry. The Company has agreed to provide a loan of up
  to $15,000 to its wholly owned subsidiary. The loan has no fixed terms of repayment
  and, failure to provide this loan, will not negate the terms of the asset purchase
  agreement. The Company and its wholly owned subsidiary have merged their operations
  in the Companys executive office.

The Company through BC Ltd., which has no salaried employees,
  is considered a start-up corporation involved in the service and management
  of ATMs in retail and high traffic areas sectors. The Company seeks and secures
  retail location(s) operators who are willing to place an ATM at their premises
  to add additional purchasing convenience for their clients and to secure additional
  revenues, for themselves, either from renting the space to the Company or from
  receiving a portion of fees generated by each ATM cash dispensing transaction.
  The retail location operator has the option to own the ATM, in which case he
  would receive a larger portion of the transaction fee, or the option to have
  a third party, secured by the Company, own the ATM. In this case the retailer
  would receive either a monthly rent for the space or a portion of the fee. The
  Companys managed ATMs are electronically connected to the cash transaction
  networks and all financial institutions through the cash transaction processor,
  Calypso Canada. The users of the ATM are generally ordinary people, in the process
  of making an acquisition and in need of immediate cash to complete the acquisition.
  Two separate fees are charged to the user executing a cash withdrawal from an
  ATM: a surcharge fee averaging $1.77, is charged by the Company, and an interchange
  fee averaging $0.77 is charged by the users own financial institution
  where the cash is withdrawn. On each cash dispensing transaction executed at
  a Companys managed ATM, the Company receives an average of $0.64 from
  the surcharge fee and an average of $0.41 from the interchange fee. Calypso
  receives an average of 0.11 from the interchange fee. The networks receive an
  average of $0.16 from the interchange fee and the rest of the fees charged on
  each transaction are divided amongst the retail operators, the owner of the
  ATM, the party loading the ATM with cash as required and the users own
  financial institution. Each Companys managed ATM, in order to be profitable,
  needs to process in excess of 400 cash dispensing transactions per month.

At June 30, 2003, the Company had total assets of US $20,506
  including cash resources of $20,124 and prepaid expenses of $382. The cash and
  equivalents represent the Companys present source of liquidity.

The Companys accounts payables and accrued liabilities
  at June 30, 2003 totaled $11,806.

During the six months ended June 30, 2003 the Company had
  total revenues of $9,413, generated from ATMs cash transactions fees, of which
  $5,915 were generated in the second quarter ended June 30, 2003. For the six
  month period ended June 30, 2003 the company had net losses of $26,970 of which
  $15,545 were incurred in the second quarter.

The Company has not realized significant revenues for the
  period and it is presently operating at a loss. The Companys ability to
  continue as a going concern is dependent on its ability to generate additional
  revenues from its operations sufficient to generate operating profits. Failing
  that, the Company may need to raise additional capital, in the form of either
  debt or equity, to fund future operations.

The Company's plan of business, commencing April 2003, is
  to secure 2 additional ATM service and management contracts per month, with
  retail location(s) operators in the Vancouver area, during the initial fiscal
  year ending December 30, 2003. The Company does not contemplate owning any of
  the ATMs that it will manage during the initial fiscal year. It will secure
  third parties who will own the ATMs for a portion of the fees or it will manage
  ATMs owned by individual retailers. Funds necessary to implement the Companys
  Business Plan for the initial fiscal year will be generated from revenues derived
  from transactions fees or from the Companys present cash resources. If
  additional capital will be required for the Company to reach a profitable operation,
  it will be raised through additional public or private placement equity financing
  as well as borrowing from directors or other sources.

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On February 2, 2003, the Company filed an SB2 Registration
  Statement with The Security and Exchange Commission of the United States (SEC)
  in order to gain a reporting Status in the United States and in order to register
  its common stock. On May 29, 2003, the company received its effective status
  with the SEC becoming a fully reporting company in the United States.

The Company retained a market maker to sponsor its 15c211
  application with the National Association of Securities Dealers (NASD). Approval
  of this application was received on June 30, 2003 and the shares of the company
  were posted for trading on the NASD OTC BB on this date.

Forward-Looking Statements

This Form 10-QSB includes -" forward-looking statements" within
  the meaning of the "safe-harbor" provisions of the Private Securities Litigation
  Reform Act of 1995. Such statements are based on management's current expectations
  and are subject to a number of factors and uncertainties that could cause actual
  results to differ materially from those described in the forward-looking statements.

All statements other than historical facts included in this
  Form, including without limitation, statements under "Plan of Operation", regarding
  the Company's financial position, business strategy, and plans and objectives
  of management of the Company for the future operations, are forward-looking
  statements.

Although the Company believes that the expectations reflected
  in such forward-looking statements are reasonable, it can give no assurance
  that such expectations will prove to have been correct. Important factors that
  could cause actual results to differ materially from the Company's expectations
  include, but are not limited to, market conditions, competition and the ability
  to successfully complete financing.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings



Item 2. Changes in Securities



Item 3. Defaults Upon Senior Securities



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



Item 5. Other Information





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|Item 6. Exhibits and Report on Form 8-K                                                                                                                                             
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                    
|31.1     Certification
          of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley
          Act of 2002                                                     
|                                                                                                                                                                                    
|31.2     Certification
          of Chief Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley
          Act of 2002                                                    
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|There were no reports filed on Form 8-K during the six month period ended
      June 30, 2003.                                                                                      
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|SIGNATURES                                                                                                                                                                          
|                                                                                                                                                                                    
|In accordance with the requirements of the Exchange
        Act, the registrant caused this report to be signed on its behalf by the
        undersigned, thereunto duly authorized.
|                                                                                                                                                                                    
|Movito Holdings Ltd.                                                                                                                                                                
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|/s/  Mario Aiello                                                                                                                                                                 
|Mario Aiello, Secretary/Treasurer                                                                                                                                                   
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|Date: August 14, 2003.                                                                                                                                                              



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