SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                   Form 10-KSB



[X] ANNUAL  REPORT  PURSUANT TO  SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
    ACT OF 1934 for the fiscal year ended June 30, 2000.

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

                           Commission File No. 0-9311

                     CENTRAL CAPITAL VENTURE CORPORATION.
            ---------------------------------------------------------
           (Name of small business issuer as specified in its charter)

           NEVADA                                              87-0269260
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

    310 Village Park, 2660 Townsgate Road, Westlake Village, California 91361
            --------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

Issuer's telephone number, including area code: (805) 494-4766

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

Securities  registered pursuant to Section 12(g) of the Act: Common Stock, $.001
par value.

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  preceding 12 months (or
for such shorter  period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

YES [] NO [X]

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. [ ]

Revenues for the fiscal year ended December 31, 1999 totaled  $(143,240) and for
fiscal year ended June 30, 2000 totaled $(32,163).

As of June 30,  2000,  the  aggregate  market  value of the voting stock held by
non-affiliates  of the registrant (based upon the average of the closing bid and
asked prices on such date) was approximately $-0-.


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<PAGE>
As of June 30, 2000, the registrant had outstanding  2,685,074  shares of Common
Stock.

Exhibit index page number:  21
Total sequentially numbered pages in this document: 44


                      CENTRAL CAPITAL VENTURE CORPORATION
                      Form 10-K Report for the Fiscal Year
                               Ended June 30, 2000


                                TABLE OF CONTENTS
                                                                          Page
                                                                          ----

                                     PART I

Item 1. Business ....................................................       3

Item 2. Investments .................................................      10

Item 3. Legal Proceedings ...........................................      12

Item 4. Submission of Matters to a Vote of Security Holders..........      12



                                     PART II

Item 5. Market for Registrant's Common Stock and
          Related Stockholder Matters ...............................      12

Item 6.  Selected Financial Data.....................................      13

Item 7.  Management's Discussion and Analysis of Financial
          Condition..................................................      14

Item 8. Financial Statements and Supplementary Data..................      16

Item 9. Changes in and Disagreements with Accountants on
            Accounting and Financial Disclosure .....................      16



                                    PART III

Item 10. Directors, Executive Officers, Promoters and Control Persons,
             Compliance with Section 16(a) of the Exchange Act ......      16

Item 11. Executive Compensation .....................................      19

Item 12. Security Ownership of Certain Beneficial Owners
              and Management ........................................      19

Item 13. Certain Relationships and Related Transactions .............      21

                                       2
<PAGE>
                                     PART IV

Item 14. Exhibits, Financial Statement Schedules and
           Reports on Form 8-K ......................................      21

Signatures ..........................................................      22




                                      RISKS

     Pursuant to Section  64(b) of the  Investment  Company Act of 1940,  we are
required to advise you annually  that Central  Capital  Investment  Corporation.
(the  "Company")  is  engaged  in a  high-risk  business.  Investments  in small
business concerns are extremely speculative. Most of such concerns are privately
held.  Even if a public  market  for the  securities  of such  concerns  exists,
securities  purchased  by the  Company are often  restricted  from sale or other
transfer for specified and significant  periods of time.  Thus, such investments
have little,  if any,  liquidity,  and the Company and you, as its shareholders,
must  bear  significantly  larger  risks,  including  possible  losses  on  such
investments,  than  otherwise  would be the  case  with  traditional  investment
companies.

                    PART I

ITEM 1.  BUSINESS

General

The  Company was incorporated on January 15, 1949 in the state of Utah under the
name of Oil  Securities  Company,  Inc. In July 1984,  the  Company  changed its
domicile to the State of Nevada by merger. In July 1996, the Company merged with
Miller & Benson  International,  Ltd.  ("M&B")  and  changed its name to Digital
Technologies Media Group, Inc. ("DTG").  The combined Company's name was changed
to Digital Technologies Media Group, Inc.

Voluntary Reorganization

On January 26, 1999, the Company filed a voluntary  petition under Chapter 11 of
the United  States  Bankruptcy  Code ("Code") BK. N SV  99-10944-GM  in Woodland
Hills,  California,  (the  "Petition").  The Petition  sought to reorganize  the
Company by  satisfying  all of the  allowed  claims of  creditors,  or rights to
payment, with securities issued by the Company to such creditors under the terms
of a plan of  reorganization  approved by the Bankruptcy Court, said plans Final
Order was approved on August 17, 2000,  and was made  effective May 8, 2000 (the
"Plan").  Unless the context indicates  otherwise,  the term "Company" refers to
the operations of Central Capital Venture Corporation following the confirmation
of the Third Amended Chapter 11  Reorganization  Plan.  Reference to the Company
after  approval  of the  Plan is  sometimes  as the  "Reorganized  Debtor."  See
"Business Combination."

     A. The Company's Confirmed Chapter 11 Reorganization Plan

The  Reorganized  Company  operates  as a closed  end mutual  fund  specifically
designed to engage in investments of startup companies,  a Business  Development

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Corporation. The Company notified the Securities and Exchange Commission that it
elected,  pursuant to the provisions of Section 54(a) of the Investment  Company
Act of 1940, as amended (the  "Investment  Company  Act"),  to be subject to the
provisions of Sections 55 through 65 of the  Investment  Company Act on June 19,
2000.

 Following the Company's inceptive  investment in DataNet  Information  Systems,
Inc. ("Data") the Company's first Investee company,  it may be desirable for the
Company to make  additional  follow-on  investments.  If working  capital is not
available for such purposes  through public or private  equity  offerings of the
Company's  securities or  securities of Data,  the Company may use its assets to
guarantee borrowings by it or Data.

     B.  The Business Activity Of The Company.

The Company has no  independent  investment  advisor.  The Company's  investment
decisions are made by its officers, in accordance with the Company's established
investment  policies  and  objectives,  subject  to  oversight  by its  Board of
Directors.  The Company  focuses its'  business  operations  on assisting  small
corporations  (defined in the Investment  Company Act as companies with sales of
less than $50 million annually) in capital  formation.  The Company will service
two types of companies: "Investment Companies" and "Client Companies."

An  Investment  Company is defined as a company in which the  Company has equity
position  and which meets the  Company's  investment  objective.  An  Investment
Company  typically  expects its common stock to be publicly traded at some point
in the near  future.  As part of its  growth  strategy,  an  Investment  Company
expects  with the  Company's  assistance,  to  prepare  and file a  registration
statement with the Securities and Exchange Commission to raise additional equity
capital for its growth.

A Client  Company is  defined  as a company  that  contracts  for the  Company's
financing  and/or  selected  services on a fee for services  basis.  The Company
supports its Client  Companies  by offering  significant  management  assistance
through a complete range of management  and business  consulting  services.  The
Company,  acts as a management incubator for new and development stage business,
and will seek to work with larger  companies  whose  products and services  have
better acceptance in the marketplace.  The Company will consistently  follow its
business plan by incorporating  the following  services:  (1) Capital  Formation
Services,  (2)  Merger  and  Acquisition  Services,  (3)  Management  Consulting
Services charged to the Investment Companies and client companies, (4) Corporate
Partnering,  (5)  and  if  available  profit  from  the  selective  sale  of the
Investment Companies securities it maintains in its portfolio.

CERTAIN NON-COMPLIANCE BY PORTFOLIO COMPANIES

Although  the Company's  agreements with its portfolio  companies  require those
companies  to  furnish  the  Company  with  periodic  and/or  annual   financial
statements,  certain of its portfolio companies fail to supply intentionally (or
are anticipated by the Company to fail to supply) the financial statements or to
otherwise comply with the covenants required of them. The Company will deal with
these  failures on a  case-by-case  basis,  and the exercise the business  sense
associated  with each remedy,  utilizing the judgment of the Company's  Board of
Directors, or the appropriate the legal requirement,  for the action the Company
may take.


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<PAGE>
     C. Regulation of The Company, A Business Development Company.

The Company is a closed-end, non-diversified investment company that has elected
to be regulated  as a Business  Development  Company  under the 1940 Act and, as
such, is subject to regulation under that Act. Among other things,  the 1940 Act
contains  prohibitions  and  restrictions  relating to transactions  between the
Company and its  affiliates,  principal  underwriters  and  affiliates  of those
affiliates  or  underwriters  and  requires  that a  majority  of the  Company's
directors  be persons  other than  "interested  persons," as defined in the 1940
Act. In addition, the 1940 Act prohibits the Company from changing the nature of
its  business so as to cease to be, or to withdraw  its  election as, a Business
Development  Company  unless  so  authorized  by the  vote of the  holders  of a
majority of its outstanding voting securities.

A Business  Development Company  is permitted,  under specified  conditions,  to
issue multiple  classes of indebtedness  and one class of stock having rights as
to voting,  liquidation and dividends  which are senior to the Company's  common
stock  (collectively,  "Senior  Securities,"  as defined in the 1940 Act) if the
asset  coverage,  as defined in the 1940 Act, of any Senior Security is at least
200% immediately  after each such issuance and certain other conditions are met.
Also,  while Senior  Securities  constituting  preferred  stock are  outstanding
(other  than  preferred   stock),   provision  must  be  made  to  prohibit  any
distributions  to  shareholders  or the repurchase of such  securities or shares
unless  the  applicable  asset  coverage  ratios  are  met  at the  time  of the
distribution  or  repurchase.  The Company may also  borrow  amounts  from banks
evidenced by notes not to be publicly  distributed or for temporary  purposes if
the  borrowing  does not exceed 5% of the value of its total  assets.  A loan is
presumed to be for  temporary  purposes if it is repaid within sixty days and is
not extended or renewed.

Under the 1940 Act, a Business  Development  Company  may not acquire any asset,
other  than  assets  of the  type  listed  in  Section  55(a)  of the  1940  Act
("Qualifying  Assets")  unless,  when the  acquisition is made,  such Qualifying
Assets represent at least 70% of its total assets.  The principal  categories of
Qualifying Assets relevant to the business of the Company are the following:

             (1)  Securities  purchased in transactions not involving any public
                  offering from the issuer of such  securities,  which issuer is
                  an eligible portfolio company. An "eligible portfolio company"
                  is defined,  in pertinent  part, in the 1940 Act as any issuer
                  which:

                  (a)  is organized under the laws of, and has its principal
                       place of business in, the United States;

                  (b)  is not an investment company other than another SBIC that
                       is wholly-owned by the Company;

                  (c)  and does not have any class of securities with respect to
                       which margin credit may be extended under federal law.

             (2)  Securities   of  any  eligible   portfolio   company  that  is
                  controlled by the Business Development Company.



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<PAGE>
             (3)  Securities  received in exchange for or distributed on or with
                  respect to securities  described in items (1) or (2) above, or
                  pursuant  to the  exercise  of  options,  warrants  or  rights
                  relating to such securities.

             (4)  Cash, cash items, government securities,  or high quality debt
                  securities  maturing  in one  year or less  from  the  time of
                  investment.

         In addition,  a Business  Development  Company must have been organized
(and have its principal  place of business) in the United States for the purpose
of making  investments in the types of securities  described in items (1) or (2)
above and, in order to count the securities as Qualifying Assets for the purpose
of the 70% test, the Business Development Company must either control the issuer
of the securities or make available to the issuer of the securities  significant
managerial assistance. Making available significant managerial assistance means,
among other things,  any  arrangement  whereby a Business  Development  Company,
through  its  directors,  officers  or  employees,  offers to  provide,  and, if
accepted,  does so provide,  significant  guidance  and counsel  concerning  the
management,  operations  or  business  objectives  and  policies  of a portfolio
company;

The Investment  Company Act prohibits or restricts the Company from investing in
certain types of companies, such as Broker/Dealers (with the exception that they
are  wholly-owned  subsidiaries  of the BDC),  insurance  companies,  investment
banking firms and  investment  companies  (with  exception to wholly owned Small
Business Investment Companies licensed by the Small Business Administration).

The  Investment  Company Act also limits the type of assets that the Company may
acquire  to  qualifying  assets  and  certain  other  assets  necessary  for its
operations (such as office furniture,  equipment and facilities) if, at the time
of the  acquisition,  less than 70% of the value of the Company's assets consist
of qualifying assets. Qualifying assets include:

     a.   Securities of companies that were eligible portfolio companies at the
          time that the Company acquired their securities,
     b.   Securities of bankrupt or insolvent  companies  that are not otherwise
          eligible portfolio companies,
     c.   Securities  acquired as follow-on  investments  in companies that were
          eligible portfolio companies, provided that the Company has maintained
          a substantial portion of its initial investment in those companies,
     d.   Securities  received in exchange for or distributed on or with respect
          to any of the foregoing, and,

     e.   Cash  items,  U.S.   Government   securities  and  Investment  quality
          short-term debt securities.

The  Investment  Company  Act also  places  restrictions  on the  nature  of the
transactions  in which,  and the persons from whom,  securities can be purchased
for the securities to be considered as qualifying assets.

The Company thus may sell its portfolio  securities at a price that is below the
prevailing  net asset value per share only upon the approval of the holders of a
majority of its voting  securities held by  nonaffiliated  persons,  at its last


                                       6
<PAGE>
annual meeting or within one year prior to the  transactions.  In addition,  the
Company  may from  time to time  repurchase  its  common  stock  subject  to the
restrictions  of the Investment  Company Act and the corporate laws of the state
of its incorporation.

A Business  Development  Company may issue limited amounts of warrants,  options
and rights to purchase its securities to its  directors,  officers and employees
(and provide loans to those persons for the exercise thereof) in connection with
an executive  compensation plan, if certain conditions are met. These conditions
include the approval of:

     a. A majority  of the  Company's  voting  securities,
     b. A majority of the independent  members  of its  Board  of  Directors,
     c. A majority of the directors who have no financial interest in the
        transaction.

The  issuance  of  options  warrants  or  rights to  directors  who are not also
officers  or  employees  of the  Company  requires  the  prior  approval  of the
Securities and Exchange  Commission.  As defined in the Investment  Company Act,
the term majority of the Company's outstanding voting securities mean the lesser
of the vote of:

     1.   67% or more of the  Company's  common stock  present at a meeting,  if
          holders of more that 50% of the  outstanding  common stock are present
          or represented by proxy, or
     2. More than 50% of the Company's outstanding common stock.

Under the Investment Company Act, as applied to a Business  Development Company,
most  transactions  involving  the  Company  and  its  affiliates  (as  well  as
affiliates of those affiliates)  require the prior approval of a majority of the
Company's  independent  directors  and a  majority  of the  directors  having no
financial interest in such transactions.

Some transactions  involving certain closely  affiliated persons of the Company,
including its directors,  officers,  and employees require the prior approval of
the Securities  and Exchange  Commission.  In general,  (a) any person who owns,
controls  or those  holders  with  power to vote more  than 5% of the  Company's
outstanding common stock, (b) any director, executive officer or general partner
or that  person,  and (c) any person who  directly or  indirectly  controls,  is
controlled  by, or is under common  control  with that  person,  must obtain the
prior approval of a majority of the Company's independent directors, and in some
situations, the prior approval of the Securities and Exchange Commission, before
engaging in certain transactions involving the Company or any company controlled
by  the  Company.  The  Investment  Company  Act  generally  does  not  restrict
transactions between the Company and its Investment Companies.

In accordance with Section 18-56(a) of the Investment Company Act, a majority of
the members of the Company's  Board of Directors must not be interested  persons
of the Company as that term is defined in Section  18-2(a)(19) of the Investment
Company Act. Generally, interested persons of the Company include all affiliated
persons of the Company and members of their immediate  families,  any interested
person of an Underwriter or of an Investment Advisor to the Company,  any person
who has acted as legal counsel to the Company  within the last two fiscal years,
or any broker or dealer, or any affiliate of a Broker/Dealer.

It is likely that in some cases the Company may be deemed to be an  affiliate of
the  companies  in which it  invests  by  virtue  of  sharing  control  of those
                                       7
<PAGE>
companies,  as a result of its stockholdings,  the positions of its officers and
directors who also serve a directors and officers of such Investment  Companies,
or for other  reasons.  Additional  restriction on the ability of the Company to
sell or transfer  securities of its Investment  Companies could also be severely
limited by the nature of the insider  trading rules imposed under the Investment
Company Act.

     D.   Risks of the Company

In addition to the  above-described  provisions of the  Investment  Company Act,
there are a number  of other  provisions  of the  federal  securities  laws that
affect the ongoing  operations of the Company.  Restrictions  imposed by federal
and state securities laws, in addition to possible contractual  provisions,  may
affect  adversely  the ability of the Company to sell or otherwise to distribute
its portfolio securities.

Most, if not all  securities,  in which the Company  acquires as venture capital
investments will be restricted  securities  within the meaning of the Securities
Act of 1933,  as  amended,  and  will  not be  permitted  to be  resold  without
compliance of the  Securities  and Exchange Act.  Thus,  the Company will not be
permitted to resell  portfolio  securities  unless a registration  statement has
been declared  effective,  or unless the Company is able to rely on an available
exemption from such registration  requirements.  In most cases, the Company will
endeavor to obtain from its Investment Companies registration rights pursuant to
which the Company will be able to demand that an Investment Company register the
securities owned by the Company at the expense of the Investment  Company.  Even
if the Investment Companies bear this expense,  however, the registration of the
securities  owned by the Company is likely to be a time consuming  process,  and
the Company  always  bears the risk,  because of these  delays,  that it will be
unable  to  resell  such  securities,  or that it will not be able to  obtain an
attractive price for the securities, Additionally, the Company may never be able
to distribute the securities of certain Investment  Companies to stockholders in
certain states because the Investment Companies may not qualify for registration
in those states, pursuant to each individual state blue sky laws.

Sometimes the Company will not register  portfolio  securities for sale but will
seek to rely upon an exemption from  registration.  In most cases,  the expenses
associated with seeking exemptive relief will be borne by the Company.  The most
likely exemption  available to the Company is section 4(1) of the Securities Act
of  1933,  which  in  effect,  exempts  sales  of  securities  not  involving  a
distribution  of the  securities.  This  exemption  will likely be  available to
permit a private sale of portfolio securities,  and in some cases a public sale,
if the provisions of Rule 144  promulgated  under the Securities Act of 1933 are
satisfied.  In general, under Rule 144 affiliates may, in certain circumstances,
sell within any three-month  period a number of shares not to exceed the greater
of (a) 1% of the then  outstanding  shares of common  stock,  or (b) the average
weekly  trading  volume of the common stock during the  previous  four  calendar
weeks  preceding  such sale.  Sales  under Rule 144 are also  subject to certain
provisions, notice requirements and the availability of public information about
the issuer.  A person who is not deemed to have been an  affiliate of the issuer
at any  time  during  the  three  months  preceding  a sale  and  who  also  has
beneficially  owned his shares for at least three years would be entitle to sell
such shares under Rule 144 without  regard to the volume  limitation,  manner of
sale provisions,  notice  requirements or the availability of public information
requirement otherwise applicable.


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<PAGE>
The Company may elect to distribute in-kind  securities of Investment  Companies
to its stockholders.  Prior to any such distributions,  the Company expects that
it will need to file,  and cause the issuers of such  distributed  securities to
file, a registration  statement or in the alternative,  an information statement
which  will  permit  the   distribution  of  such  securities  and  also  permit
distributed  stockholders  of the Company to sell such  distributed  securities.
Notwithstanding  the  forgoing  and  the  filing  of a  registration  statement,
stockholders  in certain states may not be eligible to receive  certain  in-kind
distributions due to state securities law restrictions.

          E. Marketing

Since there was negative revenue during the six months ended June 30 2000, there
is no marketing of any product or service during the reporting periods.

          F. Government and Other Regulation

The Company was solely engaged in bringing its books and records up to reporting
standards,  and complying with the other basic requirements of the provisions of
Section 54(a) of the Investment Company Act of 1940, as amended (the "Investment
Company  Act"),  specifically  the  provisions  of Sections 55 through 65 of the
Investment  Company  Act and had no  employees  except  that  of part  time  and
occasional  labor,  and had no  compliance  issues  with any  federal  and state
governmental agencies.

      G. Business Combination

The  Company did not engage in any  business  combination  during the  reporting
periods.

        H. Employees

Currently,  the Company has one employee;  it's President Lewis I. Williams, IV,
who has elected not to accept a salary.  During the period from  January 1, 2000
until June 19, 2000 the Company had two  employees  and  administrators;  Ely J.
Mandell  and  David A.  Kekich,  who were also  officers  and  directors  of the
Predecessor Company (a Debtor in Possession),  the Bankruptcy Court allowed both
administrators to service the Plan of Reorganization for the Company.

          I. Competition

The Company is presently engaged as a Business Development Company, a closed end
mutual fund designed to invest in start-up venture capital situation the company
is aware that there is at least  twelve  publicly  traded  Business  Development
Company's  all with greater  resources  than that of the  Company,  as well as a
multitude of private  Venture  Capital Funds all with greater  resource,  larger
deal flow, and more capitalization that that of the Company.

         J. Facilities, Personnel

The Company's  principal  executive offices,  consisting of approximately  1,500
square feet,  are located at 310 Village Park,  2660  Townsgate  Road,  Westlake
Village,  California 91361. The Company occupies these offices,  and subleases a
portion  of the  office  space to its  Investee  Company's  pursuant  to several
sublease agreements.  Additionally, its past President personally guarantees the


                                       9
<PAGE>
Company's office space;  therefore it has entered into a sublease agreement with
Jande  International,  Holdings,  LLC.  (of  which Mr.  Ely Jay  Mandell a major
shareholder of the Company, is a principal). The lease commenced July 2000 for a
term of two  years  at a  monthly  rate  of  $1,900,  each  sublease  is  herein
described:  DataNet Information  Systems,  Inc. $500.00 per month, Digi Commerce
Corporation  $500.00 per month, Jande  International  Holdings,  Llc.$200.00 per
month.  The Company  believes  that its office space is adequate for its current
needs.

As of June 30, 2000,  the Company had  no full-time  employees.  The Company has
from time to time  engaged the  services of part time  employee  and  occasional
labor  independent  consultants  as and when needed.  The Company  considers its
relations with employees to be satisfactory.

  ITEM 2 - INVESTMENTS

For a complete financial  description of the investments as of June 30, 2000 see
Page F-12 item 7

Initial Transactions By the Company.

The Company's  initial Investee Company was DataNet  Information  Systems,  Inc.
("Data"),  the Company's second Investee Company;  Digi Commerce Corporation was
formed upon Plan confirmation.

          (i) Acquisition of Data

Data was the  initial  Investee  Company of the  Company.  The  Company had with
approval of the Bankruptcy Court, acquired 1,000,000 shares of Data common stock
(representing  100% of Data's  total  stock  outstanding)  from  First  Portland
Corporation  (30%  shareholder),  Bernie  Budney  (55%  shareholder)  and  Jande
International  Holdings LLC (15%  shareholder)  by issuing such  shareholders of
Data one share of the Company's  Class A Preferred Stock for every ten shares of
Data common stock owned.  The purchase of 100% of the Data common stock resulted
in Data's shareholders  holding 100,000 shares of the Class A Preferred Stock of
the  Company.   The  acquisition  of  Data  also  required  a  $100,000  capital
contribution  from the Company,  and a total capital  contribution of $1,000,000
over a two-year period.

The Company intends to distribute thirty percent (30%), 300,000 shares of common
stock,  of the Data securities  owned by it to  shareholders  who are to receive
securities  under the Third Amended Plan of  Reorganization  on a Pro Rata basis
based upon Units held.  The Company had agreed to provide  Data  $1,000,000  (of
which  $100,000  has already  been paid) over a two year period for  operational
purposes including marketing,  sales and development.  However since the Company
has been in operation for  approximately  eleven  months,  the sales of Data and
account receivables have declined  approximately 30% due to various factors. The
Company is now  negotiating  with  Data's  management  to reduce  the  Company's
required investment;  until such time a new Business Plan is produced, (i) as to
exact  use  of  proceeds,   (ii)   improvement  of  management  and  operational
techniques,  (iii) improvement of collection techniques, (iv) and improvement of
sales.

The  Class A Preferred  Stock  issued in exchange for Data common stock will not
be issued  pursuant to Section 1145 of the  Bankruptcy  Code. It is  anticipated


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<PAGE>
that  the  Data  Common  Stock  will  be  registered  within  one  year  of Plan
Confirmation.  As  defined  by the Plan,  "Class A  Preferred  Stock"  means One
Hundred  Thousand  (100,000)  shares of Class A  Preferred  Stock  issued by the
Company,  however the holders of the Class A Preferred  Stock have  modified the
Class A Preferred Stock in terms voluntarily.  The Class A Preferred Stock shall
be convertible into common stock of Data held by the Company upon the earlier to
occur: (i) an investment  totaling $1,000,000 is made in Data by the Company, or
(ii) a registration with the Securities and Exchange  Commission of Data's stock
becomes  effective.  The Class A Preferred Stock shall be convertible  into Data
common stock pursuant to the following  formula:  the converted  shares shall be
equal to 68% of the total Data common  shares (3.4 million  shares) to be issued
after conversion. Twelve percent (12%) of the issued Data common shares (600,000
shares) shall be reserved for private  placements and other stock  issuances and
20% of the Data common shares  (1,000,000  shares) will remain with the Company.
Thus, if all of the Preferred  Class A Stock is converted to the Common Stock of
Data,  the Company will retain 20% of the Data common stock  (1,000,000  shares)
and Company's  Creditors  and Interest  Holders will hold a total of 6% (300,000
shares)  upon  registration  of  the  DataNet  Common  Stock.  Therefore,   upon
conversion  control of Data will shift to the  holders of the Class A  Preferred
Stock.

Data owns the product and distribution  rights to the Pocket MLS. The Pocket MLS
provides  instant access to current,  affordable  and portable  multiple-listing
real property information  instantaneously whether the user is in the office, at
home or on the road.  The  current  product  is a very  basic  personal  digital
assistant  (PDA)  called a  "Reader"  that  realtors  can use to search and view
current MLS information.  There are approximately 5,600 Readers,  1,400 of which
are currently in the field.  The Reader,  along with the software,  replaces the
traditional  MLS  printed  catalogue  and is  updated on a daily  basis.  Data's
products  include  the  Reader  and a PCMCIA  card  burner  and SCCI card  which
together  make up the  "loader."  The loader is attached to a personal  computer
which is updated daily through its modem by Data's master  server.  DataNet owns
the Info Reader,  DataNet  Infopak and  Infocard,  the  technology  used for the
Pocket MLS and PCMCIA card, and United States patents are currently pending with
respect to such  technology.  DataNet  has no reason to believe  that its rights
with respect to this technology are subject to challenge.

Data's  management  team consists of Ely Jay Mandell and Bernie  Budney.  Bernie
Budney currently is Data's President; Ely Jay Mandell currently serves as Data's
Secretary/Director and Executive Vice President.

Data was formed December 1999 as a Nevada corporation.  Data acquired its assets
from (i) the voluntary foreclosure on the assets of DataNet Enterprises, LLC and
(ii)  the  purchase  of  the  assets  of  Millennium  Information  Systems  Inc.
("Millennium").  DataNet Enterprises, LLC and Millennium were unrelated entities
pursuing the same business  objectives.  Millennium was a separate  company from
DataNet  Enterprises,   LLC  and  was  financially  sound.  Millennium  was  the
distributor of DataNet Enterprises, LLC in Western Canada.

The operating costs experienced by DataNet Enterprises, LLC have been reduced by
Data by over  50% as a  result  of  restructuring  of debt  into  equity  and by
transferring  its call center and computer  operations  center to Canada to take
advantage of the favorable exchange rates between the Canadian and United States
dollar and very competitive phone rates. The foreclosure on DataNet Enterprises,
LLC's  assets  was  voluntary  and at the  request  of Data to insure  that Data
received clean title to the assets.

                                       11
<PAGE>
                      (ii) Digi Commerce Corporation

Digi  Commerce  Corporation  was formed under the laws of the State of Nevada on
May 8, 2000,  as part of the Third  Amended  Plan of  Reorganization.  Digi is a
start-up E-commerce travel reservations World Wide Web design Assistance Company
with Internet Service Provider aspects. Digi according to its business plan will
provide web design and access  assistance  to merchants in a mall or portal type
of setting  for  specific  travel  destinations  where Digi  intends to open its
cafes.  Digi has also assumed certain assets from the  Reorganized  Debtor under
the Third  Amended  Plan of  Reorganization  such as the  digi-commerce.net  and
digi-commerce.com,  web  sites,  which  will sell  various  products,  including
sporting good products in  accordance  with the Fogdog Sports  contract over the
Internet, and the Places to Stay.Com sales associate Contracts, as well as other
business assets and leases of the predecessor.

Digi has 20,000,000  authorized Shares of Common Stock and 10,000,000 authorized
Shares of Preferred  Stock.  4,000,000  Shares of Common Stock, of Digi Commerce
Corporation,  which constitutes 100% of issued Digi common stock, were issued to
the Company in exchange for  $100,000  and  transfer of some of the  Predecessor
Company's  assets  excluding  the  Rights of  Action.  The  Company  intends  to
distribute  thirty percent (30%) of the Digi stock to parties who are to receive
securities  under  the  Plan on a Pro  Rata  basis.  The  Digi  Stock  shall  be
registered and will not be issued  pursuant to Section 1145 of the Code. Ely Jay
Mandell  currently serves as President and sole Director of Digi. Other officers
will be named upon full operation of Digi.


  ITEM 3. LEGAL PROCEEDINGS

The  Company  is not  presently  involved in any legal  proceedings,  nor to its
knowledge,  is any  material  litigation  threatened  against the Company or its
assets.  The  Company  has  never  been  named as a  defendant  in any  material
litigation.

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

There  were no matters  submitted to  shareholders  during the second quarter of
the fiscal year ended June 30, 2000.


                                       PART II

  ITEM 5. MARKET FOR THE REGISTRANT'S COMMON STOCK
          AND RELATED SHAREHOLDER MATTERS

The  Company's  Common Stock  is not traded on any market and has not traded for
the past nine years.

  (a) Holders:
           The  approximate  number of holders of record of Common  Shares as of
June 30, 2000, was 194.

  (b) Dividends:
           The Company has not paid cash dividends on its common stock since its
inception.  At the present  time,  the  Company's  anticipated  working  capital


                                       12
<PAGE>
requirements  are such  that it  intends  to follow a policy  of  retaining  any
earnings  in order to finance  the  development  of its  business,  however  the
Company does intend on spinning off to  shareholders  portions of its  portfolio
from time to time in the form of dividends.


  ITEM 6. SELECTED FINANCIAL DATA.

  See Summary of Financial  Information for the periods ended June 30, 2000, 127
  Days  for  the  Predecessor  Company  ended  May 7, 2000  and 365 Days for the
  Predecessor Company ended December 31, 1999 on the following page:


                       CENTRAL CAPITAL VENTURE CORPORATION

                        SUMMARY OF FINANCIAL INFORMATION

                                                  Periods Ending,
                                ------------------------------------------------
                                      Company     Predecessor       Predecessor
                                      June 30     127 Days          365 Days
                                      2000        Ending            Ending
                                                  5/7/2000          12/31/2000

  STATEMENT OF OPERATIONS DATA
  Total income ....................   $0             $0             $0
  Total expenses ..................   $   32,163     $ 118,258      $ 143,240
  Net realized gains (losses) on
  disposition of investments ......   $0             $0             $0
  Net income (loss) ...............   $  (57,163)    $(118,258)     $(143,240)
  Earnings (loss) per share .......   $(.01)         $(.03)         $(.04)
  Weighted average number of shares
   outstanding ....................   2,685,224      3,790,627      3,790,627
   NET ASSET VALUE PER SHARE          $1.03


  BALANCE SHEET DATA
  Current Assets  .................   $   27,851                    704
  Investment portfolio.............   $2,600,000                    0
  Fixed Assets.....................   $    1,993
  Total assets ....................   $2,629,844                    704

  Current Liabilities .............   $   25,777                    127,293
  Due to Related Party.............                                   7,227
  Loan Payable- Related Party......                                   1,000
  Pre-petition liabilities ........                                 565,549
  Total Liabilities                   $   25,777                    701,069
    Common stock (including
     additional paid-in capital) ..   $2,661,230                    534,436
      Accumulated deficit .........   $  (57,163)                (1,234,801)
      Total shareholders' equity ..   $2,604,067                   (700,365)




                                       13
<PAGE>
  ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS

  The  following  discussion  and  analysis  should  be read  together  with the
financial statements and notes thereto included elsewhere herein.

  General

  The Company is the product of a reorganization of two previously  unaffiliated
companies,  Digital  Technologies  Group, Inc.  ("DTG"),  which was organized in
April  1995,  and  Miller  &  Benson  International,  Ltd.  ("M&B"),  which  was
reincorporated in Delaware in January,  1992,  subsequent to the confirmation of
its Plan of  Reorganization  under Chapter 11 of the U.S.  Bankruptcy  Code. For
approximately nine years prior to July 1996, M&B had no operating  business.  In
July 1996,  DTG and M&B completed a  reorganization  (the  "Reorganization")  in
which all of the then  outstanding  shares of common stock of DTG were exchanged
for  4,401,127  shares  of  the  common  stock  of  M&B.  As  a  result  of  the
Reorganization,  DTG became a wholly  owned  subsidiary  of M&B. M&B changed its
name to "Digital  Technologies  Media Group,  Inc." and the  shareholders of DTG
immediately prior to the Reorganization became the owners of approximately 81.5%
of the  outstanding  shares of M&B common  stock.  The  Reorganization  has been
accounted for as a reverse  acquisition as if DTG issued 4,401,127 shares of its
common stock to acquire the net assets of M&B at the time of the Reorganization.

  Digital  Technologies  Media  Group,  Inc.,  a  Delaware  corporation,   filed
bankruptcy caused by a voluntary  Chapter 11 petition under the U.S.  Bankruptcy
code on January 26, 1999.

  During the fiscal year ended December 31, 1997, the Company ceased  operations
and cancelled 2,320,000 shares of common stock to reverse an asset purchase of a
film entertainment library and related film contracts. The then president of the
Company resigned and by year-end, the existing corporate entity had no assets.

  The Company remained dormant until it developed a business plan and then filed
for  bankruptcy  to confirm  the plan.  Pursuant  to  Bankruptcy  Court Order on
January  19,  2000  the  Company  received  $310,000  in  borrowed  funds to pay
administrative  expenses  and  purchased  one  enterprise,  DataNet  Information
Systems, Inc. (a Nevada corporation).

  Overview

  History of Operations

  Unless the context indicates otherwise,  the term "Predecessor Company" refers
to the  operations of DTG prior to  Reorganization  and "Company"  refers to the
operations of Central Capital Venture Corporation  following the Reorganization.
For further  information  regarding the  Reorganization,  see Note 2 of Notes to
Financial Statements.

  The following  discussion and analysis should be read in conjunction  with our
financial   statements  and  accompanying  notes  appearing   elsewhere  in  the
Form10-KSB.

  Results of Operations

  We believe that period-to-period  comparisons of our operating results are not
necessarily indicators of future performance.  You should consider our prospects

                                       14
<PAGE>
in light of the risks,  expenses  and  difficulties  frequently  encountered  by
companies  experiencing  rapid  growth  and,  in  particular,   rapidly  growing
companies that operate in evolving  markets.  We may not be able to successfully
address these risks and difficulties.

  Comparisons of the Six months ended June 30 2000, Predecessor Company 127 Days
Ended May 7 2000 and Predecessor Company 365 Days December 31, 1999

  For the  Predecessor  Company in both periods  there was no revenue,  or gross
profit as the Company was inactive.

  For the Predecessor  Company the operating  expenses  decreased to $143,240 in
1999 for 365 days  compared  to from  $118,258  in May 7, 2000 for 127 days as a
result of the Chapter 11 bankruptcy filing.  Approximately  $71,024 was incurred
for accrued legal and administrative  services to finalize  pre-petition  claims
(Liabilities) and a plan of reorganization,  in the May 7 period. The balance of
the  expenses  was for  rent  $2,500  and  other  typical  services  related  to
administrative costs. There were no taxes or interest paid. The net loss for the
reasons  described  was $143,240 and $118,258 in 1999 and in May 7, 2000 for 127
days,  respectively.  All tax losses will be carried  forward in compliance with
IRS regulations.

  As of May 8, 2000,  the Company  adopted  fresh start  reporting in accordance
with SOP 90-7.  Fresh start  reporting  assumes that a new reporting  entity has
been created and assets and liabilities  should be reported at their fair values
as of the effective date (Note 3 of Notes to Financial Statements).  The Company
had operating  expenses of $32,163 for 54 days ending June 30 2000,  mainly as a
result of the chapter 11 filing and the accrued administrative professional fees
associated  with it, $17,702 was attributed to Professional  fees,  accrued from
the filing.

  Liquidity and Capital Resources

  The Company  had a bank  balance  of  $25,821 at June 30,  2000,  and  current
liabilities of $777.

  The pre-petition  liabilities  totaling  $565,549  as well as the  $127,293 of
professional  fees and post petition  administrative  claims were converted into
common stock under the plan of reorganization as of May 7 2000.

  The $310,000 of Debtor Certificates raised by the Company in the course of the
Bankruptcy  proceedings,  were all  converted  at the option of the note holders
into common  stock of the  Company.  The Company  paid  $100,000 for the working
capital infusion of DataNet Information Systems,  Inc., $100,000 for the Capital
Stock of Digi  Commerce  Corporation  and kept the  balance  of  ($110,000)  for
administrative expenses.

  Liquidity and Capital Resources

  Initially,  the  Registrant  funded its  operations in previous  years through
borrowings from private investors,  of which all but two investors  subsequently
converted such loans into common stock of the Predecessor in connection with the
reverse acquisition in July 1996.

  Since its inception,  the Company has  experienced  losses from  operations of
$750,061 for the period ended  December 31, 1995 and $387,157 for the year ended
December  31,  1996.  Accordingly,  the Company  requires  additional  sales and
                                       15
<PAGE>
collections  and/or it needs to raise  additional  capital to meet its operating
needs and to satisfy its outstanding liabilities.

  In the event of unanticipated  developments  during the next few months, or to
satisfy  future  funding  requirements,  the  Company  may  attempt  to fund its
operations  through a private offering of securities.  Additional  financing may
not be available when needed or on terms acceptable to the Company.  If adequate
financing is not available,  the Company may be required to delay, scale back or
eliminate  certain of its proposed plans, or to sell either privately or through
a public offering securities consisting of Portfolio Securities, or a Private or
Public offering of its own Common or Preferred Stock.

  ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

                                                               Page
                                                               ----
  Table of Contents.......................................     F
  Reports of Independent Accountants......................     F-1
  Statements of Operations................................     F-2
  Balance Sheets..........................................     F-3
  Statements of Cash Flows................................     F-4
  Statements of Changes in Shareholders' Equity...........     F-5
  Notes to Financial Statements ..........................     F-6 through F-15

  ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE.

  At a meeting  held on June 19,  2000,  the Board of  Directors  of the Company
approved the engagement of Grant Thornton,  as its independent  auditors for the
fiscal year ending June 30, 2000 and in the subsequent interim period to replace
Oppenheim & Ostrick,  CPA's. The full Board of Directors  approved the change in
auditors on the same date.

  The  report  of  Oppenheim  &  Ostrick,  CPA's,  on  the  Company's  financial
statements  for the past  fiscal  year did not  contain an adverse  opinion or a
disclaimer of opinion and was not qualified  (except that of a going concern) or
modified as to uncertainty, audit scope, or accounting principles.

  In connection  with the audit of the Company's  financial  statements  for the
fiscal year ended December 31, 1999, and in the subsequent interim period, there
were no  disagreements  with  Oppenheim  &  Ostrick,  CPA's  on any  matters  of
accounting principles or practices,  financial statement disclosure, or auditing
scope and procedures  which, if not resolved to the  satisfaction of Oppenheim &
Ostrick, CPA's would have caused Oppenheim & Ostrick, CPA's to make reference to
the matter in their report.

                                      PART III

  ITEM 10.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
           PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

  Directors and Executive Officers

  The following table sets forth in names, ages and positions  of  the directors
and  executive  officers  of  the  Company as of June 30 2000.  A summary of the
background and experience of  each  of  these individuals is set forth after the
table.
                                       16
<PAGE>
       Name            Age    Position                  PERIOD OF SERVICE

Ely J. Mandell         44     President,                Since November 1998
                              Chief Executive Office    Resigned June 19, 2000
                              Director

David A. Kekich        57     Secretary                 Since July 1996
                              Director                  Resigned June 19, 2000

Lewis I. Williams IV   50     President                 Since June 2000
                              Chief Executive Officer

Bernie Budney          39     Executive Vice President  Since June 2000
                              Director

Brad Bartilson         42     Secretary                 Since June 2000
                              Director

Rex Crim               57     Director                  Since June 2000

  Ely J. Mandell,  President,  and Chief  Executive  Officer,  still retains his
position  as  Managing  Member of Jande  International  Holdings  LLC, a private
Merchant Bank specializing in bankruptcy and reorganization  investments.  Since
January  1990,  Mr.  Mandell  served as  President of B.D.  Brooke & Company,  a
professional  business  development-consulting  group,  whose clients consist of
small public companies,  (the predecessor of Jande International Holdings, LLC).
Mr.  Mandell in this  capacity  had served on several  Public  Company  Board of
Directors;  from November 1998 until June 2000, Mr. Mandell was  responsible for
all aspects of the  registrants  Bankruptcy  proceeding,  as well as formulating
its' Plan of Reorganization.  From July 1996 until November 1996 Mr. Mandell was
Chief  Financial  Officer of the Registrant and was  responsible for discovering
the  financial  fraud  it's past  Chief  Executive  Officer  perpetrated  on the
registrants   creditors  and   shareholders,   and  directing  the   registrants
Independent  Accountant,  Legal  Counsel,  and Board of Directors to that fraud.
From  August  1990 until  March 1993,  Mr.  Mandell  was  secretary/director  of
Conquest Ventures, Inc., a public company traded in the over-the-counter market.
From July 1992 until March 1993,  Mr. Mandell was  secretary/director  of System
Controls,  Inc., a public company traded on the Electronic  Bulletin Board.  Mr.
Mandell has also served as director of  Electronic  Publishing  Technologies,  a
public company traded on the Electronic  Bulletin  Board.  Mr. Mandell  attended
Arizona  State  University,  and  has  obtained  a  degree  from  Merrill  Lynch
Institute, Donald T. Regan School of Advanced Financial management and holds the
designation of Certified Financial Manager.

  David A. Kekich has served as  Secretary  and a Director of the Company  since
April  1995.  Mr.  Kekich  is  currently  President  and  founder  of  Red  Tree
International,   a  marketing  and  financial   consulting  company  located  in
Johnstown, Pennsylvania. From 1985 to 1992, Mr. Kekich was engaged in the public
securities markets as a result of his forming and registering three "blind pool"
companies. Mr. Kekich holds a Bachelor of Science Degree from Pennsylvania State
University  and has been licensed in the insurance and real estate fields in the
State of California.

  Lewis I. Williams 4th - President and Chief  Executive  Officer has
been  a  Director  and  Chief  Executive   Officer  of  Arch-Will   Enterprises,

                                       17
<PAGE>
Incorporated  alternatively  ("AWE") since 1985. AWE is a minority owned holding
company committed to the establishment and development of an effective  economic
and/or  financial   infrastructure   within  the   disadvantaged   and  minority
communities  by  promoting  and  supporting a diverse  range of minority  owned,
private sector business  development  initiatives with AXXESS Paradigm  Partners
serving as (a) a merchant banking  operation  providing  management  consulting,
investment  banking and  corporate  finance  advisory,  and (b) as a  financial,
marketing and operations management company providing development, distribution,
and operations  management services on a contractual basis. Mr. Williams is also
a  Partner  serving  as Chief  Financial  Officer  for  Corbis/NewCo,  the first
minority  owned  insurance  and  financial  services  brokerage  operation  with
nationwide and international distribution and support capabilities. Mr. Williams
has  served  as an  independent  management  and  financial  consultant  to  the
manufacturing,  engineering  services,  and financial services industries.  Past
engagements have included:  corporate finance transaction  advisory;  management
consulting;  designing and implementing cash management,  managerial accounting,
project management and financial  planning and control systems.  Mr. Williams is
experienced in providing accounting and production management systems, strategic
planning  services  and  structuring  and  securing  equity  and debt  financing
facilities for middle market  businesses.  As a corporate finance generalist Mr.
Williams    had    primary     responsibilities    for    the    communications,
insurance/financial  services,  transportation  and public utilities  industrial
sectors.  Past  transaction  related  engagements  have included:  acquisitions,
determination of optimal capital structure,  divestitures,  mergers, and private
placements,   re-capitalization  and  valuations.   Mr.  Williams,   educational
background consists of an AB from Stanford  University,  a SM in Management from
the  Massachusetts  Institute of  Technology,  and a MA  (Economics)  and an ABD
(Accounting and Information Systems) from Northwestern University.

Bernie Budney - Executive Vice President, Director - Bernie Budney, had been the
President of Millennium  Information  Systems Inc. (formerly a division of Telus
Advertising Services,  now DataNet Information Systems Inc., (an Investee of the
Company)  since  1995.  From  1993  until  1995 he was  President  of OK Tires &
Affordable Auto Center. Mr. Budney's  educational  credentials include an Honors
Economic  Degree from the  University of Alberta in 1984. He is also a member of
the Society of Registered Industrial Accountants, RIA Program.

Brad Bartilson - Director - has over 18 years of business experience in computer
technology,  cultivated  in an  environment  in  which  his  team  has  patented
technologies  and transferred the technology into products.  Mr. Bartilson holds
nine  Patents  to  his  own  credit  in  areas  including  thermal,   power  and
interconnect technologies.  Mr. Bartilson is currently employed (since February,
2000)  at  Lightchip,  Inc.,  as  Senior  Market  Development  Manager,  and has
previously held management positions at Raytheon, Compaq, and Cray Research. His
educational  background  consists  of a  BSME  degree  from  the  University  of
Wisconsin and a MSME degree from the University of Minnesota.

Rex Crim  -Director  -has had been a merchant and mortgage  banker for 20 years.
Placing debt and equity for real estate and business  transactions,  Mr. Crim is
President  of Texas  Equity,  Inc., a private  merchant  bank located in Dallas,
Texas. Mr. Crim has owned and operated his own mortgage banking firm and several
business  ventures;  and during the last five years he has focused on  assisting
and consulting to small and new businesses,  assisting them in raising  capital,
going public and securing debt structured financing.  Mr. Crim holds a BA Degree
in Business Administration from Southern Methodist University

                                       18
<PAGE>
  Compliance with Section 16(a) of the Exchange Act

  Section  16(a)  of the  Exchange  Act  requires  the  Company's  officers  and
directors,  and  persons  who  beneficially  own  more  than  ten  percent  of a
registered  class  of the  Company's  equity  securities,  to  file  reports  of
ownership and changes in ownership with the SEC. Officers, directors and greater
than ten  percent  shareholders  are  required by Exchange  Act  regulations  to
furnish the Company with copies of all Section 16(a) forms they file.

  Based  solely on its  review of the copies of such  forms  received  by it, or
written  representations  from  certain  reporting  persons  that  no Form 5 was
required for such persons,  the Company  believes that,  other than as disclosed
below,  during the fiscal  year  ending  June 30 2000,  all filing  requirements
applicable  to its officers,  directors and greater than ten percent  beneficial
owners were complied with.

  NONE

  ITEM 11.  EXECUTIVE COMPENSATION

  The Company had no employees  except  contract  labor and part time  employees
during the reporting  periods.  However,  the Bankruptcy Court appointed Mr. Ely
Jay Mandell and Mr. David A. Kekich as Administrators of the Predecessor Company
or Debtor in Possession. Mr. Mandell and Mr. Kekich have each accrued the sum of
$3,500 per month from January 27, 1999 (a total of $53,967.74 through the period
ending May 8, 2000 including  $39,064.51 paid through  12-31-99).  The sums paid
were  paid in stock  in lieu of cash  pursuant  to the  Plan of  Reorganization,
215,871 Units to Jande  International  Holdings,  LLC for Mr. Mandell's services
and 215,871 Units to Red Tree International, LLC for Mr. Kekich's services.

  The  Company  intends  to pay directors' fees of $500 each for each meeting of
the Board of  Directors.  The Company has an  employment  contract  with Lewis I
Williams,  IV in which all  payments  in lieu of  contractual  rights  have been
waived by the  employee,  and  implemented  a Year  2000  Stock  Bonus  Plan for
Employees and  Consultants  for 250,000 shares of stock none of which has yet to
be granted.

  ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

  The following table sets forth the beneficial ownership of Common Stock of the
Company on June 30, 2000 by each director and Named  Executive  Officer,  by all
directors  and  executive  officers as a group and by all  persons  known by the
Company to be the  beneficial  owners of more than five percent of the Company's
Common Stock.


                                    Number of Shares               Percent of
  Name and Address                  Beneficially Held              Ownership
   ----------------                 -----------------              ----------
  Brad Bartilson                       68,000 (1)                   2.53%
  56 Floyd Road
  Derry, NH 03038

  David A. Kekich                      312,587  (1)(4)(5)(6)(7)     11.64%
  1533 Via Leon
  Palos Verdes, Estates, CA 90274



                                       19
<PAGE>
  Ely Jay Mandell                      374,788 (2)(1)(3)            13.95%
  310 Village Park
  2660 Townsgate Road
  Westlake Village, CA 91361

  Frank J. Nigro, III                  400,000 (1)                  14.87%
  12 Dutch Village
  Menands, NY 12204

  Thomas Marshall Ward                 151,735 (1)                  5.651%
  36 Pinehurst Circle
  Little Rock, AR 72212

  All directors and executive                                       28.12%(1)
  officers (as a group, 3 persons)

  ---------------------------

  (1) The Beneficial Owner owns and amount  equivalent to his Common Shares,  of
Class A Common Stock Purchase Warrants.  If exercised the Beneficial Owner could
purchase  Common Stock  pursuant to the terms of the Warrants at $5.00 per share
until June 30, 2001. With exercise of the Class A Common Stock Purchase  Warrant
the Holder receives one share of Common Stock of the Company and a Class B Stock
Purchase  Warrant to Purchase if exercised a Share of the Common Stock at $10.00
per share by August 30, 2002.

  (2) Mr.  Mandell  Indirectly  owns 368,388  Common  Shares and 368,388 Class A
Stock  purchase  warrants  through  Jande  International  Holdings,  Llc.  Jande
International  Holdings,  Llc. is a Limited liability Company  controlled by Mr.
Ely J. Mandell,  which he is Managing  Member,  and maintains a 33.3%  ownership
interest, and 66.6% voting control.

  (3) Mr.  Mandell  directly owns 6,400 Common  Shares,  and 6,400 Class A Stock
Purchase Warrants.

  (4) Mr.  Kekich  directly  owns 4,000 Common  Shares,  and 4,000 Class A Stock
Purchase Warrants.

  (5) Mr. Kekich  Indirectly  owns 80,000 Common Shares and 80,000 Class A Stock
purchase  warrants  through Lions Holding  Company.  Lions Holding  Company is a
Domestic  Delaware  Business  Trust;  controlled by J. C. Chisum,  Trustee.  Mr.
Kekich is President of Red Tree International,  Llc and Lions Holding Company is
the majority owner (99%) of Red Tree International.

  (6) Mr.  Kekich  Indirectly  owns 9,916 Common  Shares and 9,916 Class A Stock
purchase  warrants through The Arkad Group,  LLC. Mr. Kekich is President of Red
Tree International, Llc, The Arkad Group, LLC, is the predecessor Company to Red
Tree International, LLC.

  (7) Mr. Kekich Indirectly owns 218,671 Common Shares and 218,671 Class A Stock
purchase  warrants through Red Tree International, LLC.  Mr. Kekich is President
of Red Tree International, Llc.




                                       20
<PAGE>
  ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

  NONE

                                       PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.

  (a) Financial Statements:

              See Item 8 of Part II hereof.

  (b) Reports on Form 8-K.

         (a)  Incorporated  by reference to the  Registrant's  Current Report on
              Form  8-K  dated  6/19/2000.
         (b)  Incorporated  by  reference  to the Registrant's Current Report on
              Form 8-K dated 5/8/2000.
         (c)  Exhibits

         Exhibit 99.1 Resignation of David A. Kekich

         Exhibit 99.2 Resignation of Ely Jay Mandell

         Exhibit 99.3 Resignation of Lewis I Williams, IV

         Exhibit 27   Financial Data Schedule






























                                       21
<PAGE>

                                     SIGNATURES

  In  accordance  with Section 13 or 15(d) of the Exchange  Act, the  Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                       Central Capital Venture Corporation


  Date:  November 13, 2000 By:  /s/ Rex E. Crim
                               ------------------------
                                    Rex E. Crim
                                    Acting President


  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.

     Signature             Title                              Date
     ---------             -----                              ----

  /s/ Rex E. Crim          Acting President, Chief Executive  November 13, 2000
  ---------------          Officer and Director
  Rex E. Crim





  /s/ Brad Bartilson       Secretary and Director             November 13, 2000
  -------------------
  Brad Bartilson























                                       22
<PAGE>



                          INDEX TO FINANCIAL STATEMENTS

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA
[GRAPHIC OMITTED]

Grant Thornton LLP
Chartered Accountants
Canadian Member Firm of
Grant Thornton International





































                              Central Capital Venture Corporation
                              (formerly Digital Technologies Media Group, Inc.)
                              Financial Statements
                              (Expressed in United States Dollars)
                              June 30, 2000


                                       23
<PAGE>
Contents








                                                                  Page
                                                                  ----
Auditors' Report                                                    F-1

Statement of Operations                                             F-2

Statement of Assets and Liabilities                                 F-3

Statement of Cash Flows                                             F-4

Statement of Stockholders' Equity                                   F-5

Notes to the Financial Statements                            F-6 - F-15



































                                       24
<PAGE>
Grant Thornton LLP
Chartered Accountants
Canadian Member Firm of
Grant Thornton International

          Auditors' Report

           To the Shareholders of
           Central Capital Venture Corporation
           (formerly Digital Technologies Media Group, Inc.)


           We have audited the  statement of assets and  liabilities  of Central
           Capital Venture  Corporation  (formerly  Digital  Technologies  Media
           Group,  Inc.) as at June 30, 2000 and the  statements of  operations,
           stockholders'  equity and cash flows and for the 129 day period ended
           May 8,  2000,  and the 54 day  period  ended  June  30,  2000.  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 audit.

           We  conducted  our  audit  in  accordance  with  auditing   standards
           generally accepted in the United States. Those standards require that
           we plan and perform an audit to obtain  reasonable  assurance 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.

           In our opinion,  these financial  statements  present fairly,  in all
           material  respects,  the financial position of the Company as at June
           30, 2000 and the results of its operations and cash flows for the 129
           day period  ended May 8, 2000,  and the 54 day period  ended June 30,
           2000, in conformity with accounting  principles generally accepted in
           the United States.

           As discussed in Note 4 to the financial  statements,  the Company has
           emerged from bankruptcy and applied fresh start accounting, effective
           May 8, 2000. As a result,  the Statement of Assets and Liabilities as
           of  June  30,  2000,  and  the  related   statements  of  operations,
           stockholders'  equity and cash flows for the 54 day period ended June
           30, 2000 are presented on a different basis than that for the periods
           before fresh start, and therefore, are not comparable.


          Edmonton, Canada
          November 3, 2000                          Chartered Accountants

2400 Scotia Place 1
10060 Jasper Avenue
Edmonton, Alberta
T5J 3RB
Tel: (780) 422-7114
Fax: (780) 426-3208
                                      F-1
                                       25
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Statement of Operations
(Expressed in United States Dollars)
                                     Reorganized
                                         Company         Predecessor Company
                                     -----------         -------------------
                                   54 Days Ended    129 Days Ended   Year Ended
                                        June 30,         May8,     December 31,
                                            2000              2000         1999

--------------------------------------------------------------------------------

Expenses
  Advertising and promotion        $           -      $      1,597   $        -
  Administrative (not reallocated)             -                 -      143,240
  Depreciation                               221                 -            -
  Lease payments                             250             1,250            -
  Professional fees                       42,702            71,024            -
  Rent                                     2,400             2,500            -
  Repairs                                  1,516                 -            -
  Salaries and benefits                    1,861            30,865            -
  Stationary and office                    3,767             2,460            -
  Telephone                                  146               929            -
  Travel                                   4,300             7,633            -
                                   -------------      ------------   ----------
                                          57,163           118,258      143,240
                                   -------------      ------------   ----------


Net loss                           $     (57,163)     $   (118,258)  $ (143,240)
                                   =============      ============   ==========

--------------------------------------------------------------------------------


Loss per share                     $       (0.01)                *            *
                                   =============


* Per share amounts are not meaningful due to reorganization (see Note 2)


               See accompanying notes to the financial statements.
--------------------------------------------------------------------------------










                                      F-2
                                       26
<PAGE>
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Statement of Assets and Liabilities
(Expressed in United States Dollars)
                                           Reorganized          Predecessor
                                               Company              Company
                                              June 30,         December 31,
                                                  2000                 1999
--------------------------------------------------------------------------------

Assets

Investments (Note 6)                  $      2,700,000      $             -
Fixed assets, net of accumulated
  depreciation of $221                           1,993                    -
Deposits                                         2,030                  630
Cash and cash equivalents                       25,821                   74
                                      ----------------      ---------------

                                      $      2,729,844      $           704
                                      ================      ===============
--------------------------------------------------------------------------------
Liabilities

Pre-petition liabilities              $              -      $       565,549
Loan payable - related party
  (Note 10)                                          -                1,000
Due to related party                                 -                7,227
Payables and accruals                           25,776              127,293
                                      ----------------      ---------------
                                                25,776              701,069
                                      ----------------      ---------------

Stockholders' equity (deficiency)
Capital stock (Note 8)                       2,526,850               25,732
Additional paid-in capital                     234,381              508,704
Deficit                                        (57,163)          (1,234,801)
                                      ----------------      ---------------
                                             2,704,068             (700,365)
                                      ----------------      ---------------

                                      $      2,729,844      $           704
                                      ================      ===============
--------------------------------------------------------------------------------






               See accompanying notes to the financial statements.





                                      F-3
                                       27
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Statement of Cash Flows
(Expressed in United States Dollars)
                                        Reorganized
                                            Company         Predecessor Company
                                            -------         -------------------
                                      54 Days Ended129 Days Ended    Year Ended
                                           June 30,        May 8,  December 31,
                                               2000          2000          1999
--------------------------------------------------------------------------------
Increase (decrease) in cash and
  cash equivalents

  Cash flows from operating activities
  Net loss                              $  (57,163)  $  (118,258)   $  (143,240)
  Adjustment to reconcile net loss from
  continuing operations to net cash used
  in operating activities
    Depreciation                               221             -              -

  Increase (decrease) in:
     Deposits                               (1,861)          460           (500)
     Payables and accruals                   2,991        99,798        130,676
                                        ----------   -----------    -----------
  Net cash used in operating activities    (55,812)      (18,000)       (13,064)
                                        ----------   -----------    -----------
  Cash flows from financing activities
  Loans payable - pre-petition debt              -       310,000          5,000
  Advances from related party                    -        (8,227)         1,000
                                        ----------   -----------    -----------
  Net cash provided from financing               -       301,773          6,000
  activities                            ----------   -----------    -----------
  Cash flows from investing activities
  Purchase of fixed assets                  (1,571)         (643)             -
  Purchase of investments                 (200,000)            -              -
                                        ----------   -----------    -----------
  Net cash used in investing activities   (201,571)         (643)             -
                                        ----------   -----------    -----------

Net (decrease) increase in cash and
     cash equivalents                     (257,383)      283,130         (7,064)

Cash and cash equivalents
  Beginning of period                      283,204            74          7,138
                                        ----------   -----------    -----------
  End of period                         $   25,821   $   283,204    $        74
                                        ==========   ===========    ===========
--------------------------------------------------------------------------------
Supplemental schedule of non-cash
investing and financing activities:

  Issuance of new capital stock         $2,761,231   $         -    $         -
  Cancellation of indebtedness (Note 4)  1,079,855             -              -
--------------------------------------------------------------------------------
               See accompanying notes to the financial statements.
                                      F-4
                                       28
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Statement of Stockholders' Equity
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
<TABLE>
<S>                            <C>        <C>            <C>        <C>          <C>          <C>              <C>
                                   Preferred                     Common
                                   ---------                     ------           Additional
                             Number of                   Number of                   Paid-In
                                Shares        Amount        Shares       Amount      Capital        Deficit         Total
                            ----------    ----------   -----------  -----------  -----------  --------------   -----------
Balance, December 31, 1999           -    $        -     3,790,627  $    25,732  $   508,704  $  (1,234,801)   $ (700,365)

Net loss                             -             -             -            -            -       (118,258)     (118,258)
                            ----------    ----------   -----------  -----------  -----------  -------------    ----------
Balance May 8, 2000                  -             -     3,790,627       25,732      508,704     (1,353,059)     (818,623)

Adjustments on adoption of
fresh start reporting
(Note 3)                             -             -    (3,790,627)     (25,732)    (274,323)     1,353,059     1,053,004

Issuance of preferred stock    100,000     2,500,000             -            -            -              -     2,500,000

Common stock issued for
services January 1, 1999
 to May 8, 2000                      -             -       817,224        8,172            -              -         8,172

Common stock issued for
 extnguishment of debt               -             -     1,834,449       18,344            -              -        18,344

Conversion of common stock           -             -        33,551          334            -              -           334

Net loss                             -             -             -            -            -        (57,163)      (57,163)
                            ----------    ----------   -----------  -----------  -----------  -------------    ----------
Balance, June 30, 2000         100,000    $2,500,000     2,685,224  $    26,850  $   234,381  $     (57,163)   $2,704,068
                            ==========    ==========   ===========  ===========  ===========  =============    ==========
</TABLE>













                                      F-5
                                       29
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
1. Nature of operations

On May 8,  2000 the  articles  of  incorporation  were  amended  to  change  the
Company's  name  to  Central  Capital  Venture  Corporation  and  the  place  of
incorporation  to the State of  Nevada.  The  Company  also  elected to become a
"Business Development Company" (BDC) as defined in the Small Business Investment
Incentive Act of 1980,  which is an amendment to the  Investment  Company Act of
1940.  This  change  resulted  in the  Company  becoming a  specialized  type of
investment   company  which  plans  to  derive  its  income  through  management
consulting fees and profit from the selective  sales of the companies  contained
in its investment portfolio.
--------------------------------------------------------------------------------
2. Summary of significant accounting policies

Basis of presentation

The Company's  accounting and reporting  policies conform to generally  accepted
accounting  principles and industry  practice in the United States.  The amounts
reported in these financial statements are in United States dollars.

The  Company's  plan of  reorganization  was  confirmed  April 26, 2000 with the
effective  date being May 8, 2000 (see Note 3). In accordance  with the American
Institute  of  Certified  Public   Accountants'   Statement  of  Position  90-7,
"Financial  Reporting by Entities in Reorganization  Under the Bankruptcy Code",
("SOP 90-7") the Company  adopted fresh start  reporting as of May 8, 2000. (See
Note 3 - Fresh  Start  Reporting).  Accordingly,  the  financial  results of the
pre-reorganization  Company (the  "Predecessor  Company") (prior to May 8, 2000)
and the results of the  post-reorganization  Company (the "Reorganized Company")
(May 8, 2000 through June 30, 2000) are not prepared on a comparable basis.

Use of estimates

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

Cash and cash equivalents

Consistent with the reporting  requirements of a BDC, cash and cash  equivalents
consist only of demand deposits in banks and cash on hand.  Financial  statement
account  categories such as investments,  which relate to the Company's activity
as a BDC, are included as operating activities in the statement of cash flows.

Financial instruments

The Company's financial instruments consist of cash,  investments,  and payables
and  accruals.  The fair  value of the  investments  was  determined  using  the
                                      F-6
                                       30
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
2.     Summary of significant accounting policies (cont'd)

Appraisal method as described in this note and therefore may not approximate the
investments carrying value

Investment valuation

The  investment  valuation  method adopted  provides for the Company's  Board of
Directors to be responsible for the valuation of the Company's  investments (and
all other  assets)  based on  recommendations  of a Valuation  Committee  of the
Board.  This  committee  consists  of  those  persons  designated   annually  by
resolution of the Board of Directors at its annual meetings. The Company's Board
of Directors  shall be responsible  for the periodic  valuation of the Company's
portfolio.

These  investments  are  carried at fair value  determined  in good faith by the
Board of Directors.  In making such  determination  the Board of Directors  will
take into  account  the  restriction  to resale of the  securities  owned by the
Company,  and will  utilize  a future  value of  money  computation  to  clearly
discount the then  appraised  securities  during the  restriction  period.  This
method shall only be utilized until such time that the securities of the issuer,
held  in the  Company's  portfolio,  can be  easily  priced  utilizing  a  truly
independent pricing source.

Loss per share

Earnings  per share  ("EPS")  information  for the  Predecessor  Company  is not
presented because the revision of the Company's  capital  structure  pursuant to
the Amended Plan makes such information not meaningful.  The company  calculated
earnings  per share for the  current  period in  accordance  with SFAS No.  128,
"Earnings per share."

Calculating the fully diluted loss per share produces immaterial  differences of
anti-dilutive results in the period.
--------------------------------------------------------------------------------
3. Chapter 11 Proceedings

Petition for relief

The Company was  organized  January 15, 1949 in the State of Utah under the name
of Oil  Securities  Company Inc..  In July 1984,  the original  corporation  was
merged  into Oil  Securities  Inc.,  a Nevada  corporation,  formed for the sole
purpose of  effecting  the  merger.  Thereafter,  when its oil and gas  business
failed, the Company filed a Chapter 11 case. The Company emerged from Chapter 11
in or about 1990.  On July 30,  1996,  the  Company  merged into Miller & Benson
International,  Ltd., a dormant  Delaware  Public  Holding  Company,  which then
changed its name to Digital  Technologies  Media Group,  Inc., to facilitate its
new business. The new business of the Company was to capitalize on the growth in
the  distribution  of multimedia  programming.  The Company is a public  company
whose stock is not currently listed for trading.
                                       31
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
3.   Chapter 11 proceedings (continued)

Digital  Technologies  Media  Group,  Inc. was  organized  in  April 1995,  as a
Delaware  corporation  for the purpose of funding the  development of television
programming  and to interface  with new  technologies.  In May 1995, the Company
acquired  certain rights and accounts  receivables to distribute the film assets
of Communication  Services  International  (CSI) for convertible debt, which was
then converted  into common stock in 1995. In 1996,  the Company's  relationship
with CSI fell apart over the  creditability  of the acquired film operation.  In
1997,  the  President of CSI resigned and the Board  rescinded  the common stock
shares of CSI and four other  employees.  According to  management by the end of
December 31, 1997, the CSI  transaction  was rescinded and all of its assets and
liabilities were removed from the Company's  books.  Also at the end of December
1997, the Company had no assets and was not a going concern. The Company filed a
Chapter 11 petition  (Debtor-in-Possession)  with the Bankruptcy court effective
January 26, 1999.

The  bankruptcy  court  approved the Company's  purchase of Datanet  Information
Systems Inc. On February 9, 2000, the Company also received  $310,000 by issuing
Debtor Certificates of Indebtedness. This allowed for the Company to operate for
the interim period up to June 30, 2000.

Plan of reorganization

On  April  26,  2000,   the  Bankruptcy   Court  entered  an  order   confirming
reorganization  under the third  Amended Plan.  The effective  date of the third
Amended Plan was May 8, 2000 and Digital  Technologies Media Group, Inc. amended
its articles of incorporation to reflect the following changes.  The Company was
renamed  Central  Capital  Venture  Corporation  and the place of  incorporation
became Nevada. The confirmed Amended Plan provided for the following:

     Secured claims

     The Company's  $28,900 of secured debt (secured by liens on property of the
     estate) was exchanged for two units of the Company's  stock for each dollar
     owed in full and complete  satisfaction  of their allowed  claims for fees.
     Each unit  consist  of one  share of  common  stock and one Class A warrant
     which entitles the holder to purchase one additional common share.

     Administrative expenses

     The Company's $204,306 of administrative  claims owed for services rendered
     by a law firm and two other individuals was exchanged for four units of the
     Company's  stock for each dollar owed in full and complete  satisfaction of
     their  allowed  claims for fees.  Each unit  consist of one share of common
     stock and one Class A warrant  which  entitles  the holder to purchase  one
     additional common share.

                                      F-7
                                       32
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
3.   Chapter 11 proceedings (continued)

     Holders of Debtor's Certificates of Indebtedness

     The Company's  $310,000 of Debtor's  Certificates of Indebtedness  shall be
     paid pursuant to terms of the Debtor's  Certificate of  Indebtedness  or in
     exchange for four units of the Company's stock for each dollar owed in full
     and  complete  satisfaction  of their  allowed  claims for fees.  Each unit
     consist of one share of common stock and one Class A warrant which entitles
     the holder to purchase one additional common share.

     General unsecured claims

     The  Company's  $536,649 of unsecured  claims was exchanged for one unit of
     the Company's stock for each dollar owed in full and complete  satisfaction
     of their allowed claims for fees.  Each unit consist of one share of common
     stock and one Class A warrant  which  entitles  the holder to purchase  one
     additional common share.

     Common stock

     The holders of 3,654,102 units of common stock in the  predecessor  Company
     received a pro-rata  distribution  of 33,551 units of the Company's  stock.
     Each unit  consist  of one  share of  common  stock and one Class A warrant
     which entitles the holder to purchase one additional common share.

Additionally  the Amended Plan proposes that after the  registration  of Datanet
Information  Systems Inc. and Digi Commerce  Corporation with the Securities and
Exchange  Commission,  the Reorganized  Company will  distribute,  on a pro-rata
basis,  30% of its interest in these  securities  to the creditors as defined in
the Amended Plan.
--------------------------------------------------------------------------------
4. Fresh start reporting

As of May 8, 2000, the Company  adopted fresh start reporting in accordance with
SOP 90-7.  Fresh start  reporting  assumes that a new reporting  entity has been
created and assets and liabilities should be reported at their fair values as of
the Effective date.

The  reorganization  value at June  30,  2000,  was  determined  based  upon the
Company's  estimate  of the fair  value of its  assets as defined in the plan of
reorganization  which  does not  assume  any  sale  activity.  Accordingly,  the
reorganization   value   approximates  the  fair  value  of  its  assets  before
considering liabilities,  which must be assumed and extinguished pursuant to the
terms of the  reorganization  plan,  as amended,  and  represents  the Company's
estimates   of  the  amount  a  buyer  would  pay  for  the  assets   after  the
restructuring.


                                      F-8
                                       33
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
4.    Fresh start reporting (cont'd)

The  Company's  emergence from Chapter 11 proceedings  and the adoption of fresh
start reporting resulted in the following adjustments to the Company's Statement
of Assets and Liabilities.
<TABLE>
<S>                               <C>             <C>                <C>               <C>
                                  Predecessor                                            Fresh Start
                                                                                         Reorganized
                                      Company                   Adjustments                  Company
                                  May 8, 2000             Debit              Credit      May 8, 2000
                                  -----------     -------------      --------------      -----------
Assets

Cash                              $   283,204     $           -      $           -     $     283,204
Deposits                                  170                 -                  -               170
Investments                                 -         2,500,000                  -         2,500,000
Office equipment                          643                 -                  -               643
                                  -----------     -------------      -------------     -------------

                                  $   284,017     $   2,500,000      $           -     $   2,784,017
                                  ===========     =============      =============     =============
Liabilities

Payables and accruals             $    22,786     $           -      $           -     $      22,786
Liabilities subject to compromise   1,079,855         1,079,855 (1)              -                 -

Stockholders' equity (deficiency)
Common stock                           25,732            25,732 (2)         26,850 (3)        26,850
Preferred stock                             -                 -          2,500,000         2,500,000
Paid-in capital                       508,704           508,704 (2)        234,381 (3)       234,381
Deficit                            (1,353,060)                -          1,353,060 (2)             -
                                  -----------     -------------      -------------     -------------
                                  $   284,017     $   1,614,291      $   4,114,291     $   2,784,017
                                  ===========     =============      =============     =============
</TABLE>
(1) To record the discharge of debt and other liabilities.

    Administrative expenses - legal and management fees        $       204,306
    Debtor's certificates of indebtedness                              310,000
    Secured claims                                                      28,900
    General unsecured claims                                           536,649
                                                               ---------------
                                                               $     1,079,855
                                                               ===============

(2) To eliminate the Predecessor Company's deficit.

(3) To  record  the  issuance of 2,685,224 shares of new common stock (par value
    $0.01 per share) at the reorganization value.
                                      F-9
                                       34
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
5. Fiscal year change

During the year the Company changed its fiscal year-end from December 31 to June
30. Accordingly,  the financial statements include the results of operations for
the transition period, which are not necessarily  indicative of operations for a
full year.

--------------------------------------------------------------------------------
6. Investments

   Datanet Information Systems Inc. (A Nevada company) (100% owned) $ 2,600,000
   Digi Commerce Corporation (100% owned)                               100,000
                                                                    -----------
                                                                    $ 2,700,000

Under the Amended Plan  described in Note 3, the  Bankruptcy  Court has approved
the  Company's  acquisition  of 1,000,000  common  stock of Datanet  Information
Systems Inc.,  ("Data"),  which  represents  100% of its  outstanding  shares in
exchange for 100,000  Class A preferred  stock and $100,000  cash.  The $100,000
contribution was funded from the Debtor's Certificates of Indebtedness described
in  Note  3.  The  exchange  amount  of the  transaction  was  determined  to be
$2,500,000.  The  purchase  of all Data's  common  stock  will  result in Data's
shareholders owning 100,000 Class A preferred shares of the Company. Furthermore
the Company will provide Data with a commitment to provide $1,000,000 in funding
over the next two years.

7. Authorized capital stock

Effective May 8, 2000, the articles of incorporation were revised to reflect the
following authorized capital stock.

Preferred stock

The  preferred  stock may be issued from time to time in one or more series,  or
divided into  additional  classes and such classes into one or more series.  The
terms of a class or series,  including all rights and  preferences,  shall be as
specified in the  resolution  or  resolutions  adopted by the Board of Directors
designating  such class or series,  which resolution or resolutions the Board of
Directors  is  hereby  expressly   authorized  to  adopt.   Such  resolution  or
resolutions  with  respect to a class or series  shall  specify  all such of the
rights or  preferences  of such class or series as the Board of Directors  shall
determine, including the following, if applicable:

a) the  number  of shares to constitute such class or series and the distinctive
designation thereof;

b) the dividend or manner for determining  the dividend  payable with respect to
the shares of such  class or series  and the date or dates from which  dividends
shall accrue, whether such dividend shall be cumulative,  and if cumulative, the

                                      F-10
                                       35
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
7.      Authorized capital stock (cont'd)

date or dates from which  dividends  shall  accumulate and whether the shares in
such class or series shall be entitled to  preference or priority over any other
class  or  series  or  stock of the  Corporation  with  respect  to  payment  of
dividends;

c) the  terms  and  conditions,  including price or a manner for determining the
price of redemption, if any, of such class or series;

d) the terms and conditions of a retirement fund or sinking fund, if any, of the
shares of such class or series;

e) the  amount  which the shares of such class or series  shall be  entitled  to
receive,  if any, in the event of any liquidation,  dissolution or winding up of
the  Corporation  and whether such shares  shall be entitled to a preference  or
priority over share of another class or series with respect to amounts  received
in  connection  with  any   liquidation,   dissolution  or  winding  up  of  the
Corporation;

f) whether  the shares of such class or series  shall be  convertible  into,  or
exchangeable  for  shares of stock of any other  class or  classes  or any other
series of the same or any other  class or classes or stock,  of the  Corporation
and the terms and conditions of any such conversion or exchange;

g) the  voting  rights,  if  any  of  shares of stock of such class or series in
addition to those granted herein;

h) the  status  as  to  reissuance  or  sale  of  shares of such class or series
redeemed,  purchased  or otherwise reacquired, or surrendered to the Corporation
upon conversion;

i) the  conditions and  restrictions,  if any, of the payment of dividend of the
making  of  other  distributions  on  or  the  purchase,   redemption  or  other
acquisition by the Corporation or any  subsidiary,  of any other class or series
of stock of the  Corporation  ranking  junior to such shares as to  dividends or
upon liquidation;

j) the conditions,  if any, on the creation of  indebtedness of the Corporation,
or any subsidiary; and

k) such other preferences, rights, restrictions and qualifications and the Board
of Directors may determine.

Common stock

Except as otherwise  provided in any  resolution or  resolutions  adopted by the
Board of Directors, the common stock shall:

                                      F-11
                                       36
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
7.      Authorized capital stock (cont'd)

     a)     have the exclusive voting power of the corporation;

     b)     entitle the holders thereof to one vote per share at all meetings of
            the stockholders of the Corporation;

     c)     entitle the holders to share ratably,  without  preference  over any
            other  shares of the  Corporation,  in all assets of the Corporation
            in  the  event  of any dissolution, liquidation or winding up of the
            Corporation; and

     d)     entitle  the  record  holder  thereof  on  such  record dates as are
            determined, from time to time,  by the Board of Directors to receive
            such   dividends,  if  any,  as  to  when  declared  by the Board of
            Directors.
--------------------------------------------------------------------------------
8. Issued capital stock

According  to  the  Amended  Plan,  on  the  effective   date,  all  outstanding
instruments  and  securities  representing  interests in the Company were deemed
cancelled.

Preferred stock

Pursuant to the Amended Plan,  one hundred  thousand  shares of preferred  stock
(par value $.001) were  authorized  to be issued by the Company  pursuant to its
Certificate of  Incorporation,  and designated  Class A preferred  stock with no
voting powers, preferences, and relative participating optional other rights, if
any,  or the  qualifications,  limitations  or  restriction,  set  forth in such
Certificate of Incorporation, and in addition those following:

       Designation.  The preferred stock shall be designated Class (or Series) A
       ----------- preferred stock (the "Class A preferred stock").

       Dividends. The holders of the shares of the Class A preferred stock shall
       --------- not be entitled to receive dividends.

       Conversion.  The Class A preferred stock shall be convertible into common
       ---------- stock of DataNet Information Systems,  Inc.  ("Data") a wholly
       owned subsidiary of the Corporation, upon the earlier to occur:

I)   an investment totalling one million dollars ($1,000,000) is made in Data by
     the Corporation, or

       ii)    a  registration  with the  Securities  and Exchange  Commission of
              Data's stock becomes effective.  The Class A preferred stock shall
              be  convertible  into Data common stock  pursuant to the following
              formula:  the  converted  shares shall be equal to 68%  (3,400,000

                                      F-12
                                       37
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
8.     Issued capital stock (cont'd)

              Data common  shares) of the total Data common  shares to be issued
              after conversion.

        Voting  right.  The Class A preferred  stock has no voting rights of the
        -------------  Corporation,  however  one  designee on the holder of the
        Preferred  A  shares  shall  hold  a  position  a  Board  member  of the
        Corporation  until  conversion,  as well as one  designee  on the holder
        shall have the right to attend all meetings of the Board of Directors of
        the Company in reference to Data.

        Stated value.  The Class A preferred  stock shall have a stated value of
        ------------ $2,500,000.

        Stock  splits.  The Class A preferred  stock will be treated in the same
        ------------- manner as all issued Data common stock, in relation to any
        stock splits.

Common stock

All of the  following  transactions  occurred  in  accordance  with Fresh  Start
Reporting (see Note 3).

1. On May 8, 2000, 2,651,673 units of common stock were issued in return for the
extinguishment of the liabilities of the Company.

2. On  May 8, 2000,  33,551  units of common  stock were  distributed  to common
interest  holders  in  satisfaction  of all rights,  interest and claims of such
interest holders.
--------------------------------------------------------------------------------
9.     Warrants

One Class A warrant  (2,685,224  in total) was issued for each new common  share
issued  under the  Amended  Plan.  The Class A warrants  shall allow the warrant
holder to purchase  one share of common stock of the Company at a price of $5.00
per  share  at any time up to May 8,  2001.  Upon the  exercise  of the  Class A
warrants,  the warrant holder also shall receive one Class B warrant to purchase
the Company's  common stock.  The terms of the Class B warrants  shall be set by
the Board of  Directors of the Company at least  ninety days  subsequent  to the
Effective date of the Amended Plan.
--------------------------------------------------------------------------------
10.    Related party transactions

During  the  year  the  $1,000  loan  payable  was  converted  into  a  Debtor's
Certificate  for  Indebtedness  for the commitment to raise $310,000 of Debtor's
Certificates.  The related party is one of the  individuals  who was approved by
the  Bankruptcy  Court to provide  administrative  services for $3,500 per month
until the plan was confirmed on May 8, 2000.

                                      F-13
                                       38
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
10. Related party transactions (cont'd)

The other individual who also earns $3,500 monthly for  administrative  services
on behalf of his company  entered into a rent and equipment lease totalling $750
per month with a year's terms and then payments  month to month.  As a result of
the Company's  acquisition of Data the above related party, Jande  International
Holdings  LLC,  owns 15% of Data  common  stock  before  the  exchange  into the
Company's Class A preferred stock as described earlier.

Both individuals as a result of their administrative  duties providing debtor in
possession's  services  to the  Company  received  7.8% each in common  stock in
exchange for the Bankruptcy Court approved accrued compensation.

Rent paid to  a related  party  covering  utilities  and  telephone  for the six
month  period  ended  June 30, 2000 was $4,900  (year ended  December 31, 1999 -
$6,000).  An  office  equipment lease was also provided totalling $1,500 (1999 -
$1,750).
--------------------------------------------------------------------------------
11.    Stockholders' deficiency

With fresh start reporting,  the Predecessor Company's stockholders'  deficiency
was  eliminated  (see  Note 3 - Fresh  Start  Reporting).  As at June 30,  2000,
2,685,224  new common  stock  shares  with a par value of $0.01  were  issued in
accordance with the Amended Plan.
--------------------------------------------------------------------------------
12.    Income taxes

There was no income tax (benefit) for the period ended June 30, 2000 .

The effects of temporary differences has no net effect on deferred tax assets as
the losses  incurred  were  cancelled  out  entirely by deferred  tax  valuation
reserves because of the inability to project taxable income in the future years.

At June 30, 2000 the company had a net loss of $ 32,163.
--------------------------------------------------------------------------------
13.    Prior year financial statements

The prior year  financial  statements  were  audited  by another  firm of public
accountants who expressed an opinion without  reservation on those statements in
their report dated April 4, 2000.

The accompanying  financial statements for the year ended December 31, 1999 were
prepared assuming that the Company would continue as a going concern. As further
discussed in Note 2 to the financial  statements,  the Company filed a voluntary
petition for  reorganization  under Chapter 11 of the United  States  Bankruptcy
Code on January 19,  1999.  The  reorganization  plan was not  confirmed  by the
Bankruptcy Court until April 26, 2000 with the effective date being May 8, 2000.
The financial  statements  for the year ended December 31, 1999 does not include
any adjustments that resulted from the outcome of the confirmation.

                                      F-14
                                       39
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
14. Supplemental financial information

The following is a summary of the un-audited  financial  position and results of
operations of the Company's investments:

                                      Digi Commerce       Datanet Information
                                        Corporation             Systems, Inc.
                                                                    Combined
                                      June 30, 2000             June 30, 2000
                                      -------------             -------------
Assets                                   $   91,328            $    2,156,857
Liabilities                                     756                   694,298
                                         ----------            --------------
Equity                                   $   90,572            $    1,462,559
                                         ==========            ==============

                                56 day period ended      205 day period ended
                                      June 30, 2000             June 30, 2000

Revenue                                  $        -            $      189,246
Expenses                                     10,041                   159,532
                                         ----------            --------------
                                         $   10,041            $       29,714
                                         ==========            ==============
























                                      F-15
                                       40