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. [ ]

Expenses for the fiscal year ended December 31, 1999 totaled  $(143,240) and for
the six month period ended June 30, 2000 totaled $(57,163).

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-.


                                       1


<PAGE>

As of June 30, 2000, the registrant had outstanding  2,685,224  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 Six Month Period
                               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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<PAGE>
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.


                                       5


<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.


                                       7
<PAGE>
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
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.
                                       8
<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


                                       10
<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.  The Class A Preferred Stock shall be convertible  into common stock of
Data held by the Company upon the earlier to occur: (i) January 19, 2001 (twelve
months from issuance). (ii) an investment totaling $1,000,000 is made in Data by
the Company, or (iii) 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 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 22.7% 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 six month period 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, 129
  Days for the Predecessor Company ended May 8, 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

                                                  5/8/2000          12/31/2000
  STATEMENT OF OPERATIONS DATA
  Total income ....................   $0             $0             $0
  Total expenses ..................   $   57,163     $ 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 .......   $  (.02)       $(.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.............   $1,509,928                    0

  Fixed Assets.....................   $    1,993

  Total assets ....................   $1,539,772                    704

  Current Liabilities .............   $   25,776                    127,293
  Due to Related Party.............                                   7,227
  Loan Payable- Related Party......                                   1,000
  Pre-petition liabilities ........                                 565,549
  Convertible preferred shares        $1,309,928                          -
  Total Liabilities                   $1,335,705                   701,069

    Common stock (including

     additional paid-in capital) ..   $261,231                    534,436
      Accumulated deficit .........   $  (57,163)                 (1,234,801)
      Total shareholders' equity ..   $204,068                    (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 129 Days
Ended May 8, 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 from $143,240 in
1999 for 365 days  compared  to $118,258 in May 8, 2000 for 129 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 8 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 in 1999 and $118,258 in May 8, 2000 for 129 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 $57,163 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, $42,702 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 $25,776..

  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
                                                               ----
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

  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

  six month period 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


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
                              Director

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,  Incorporated

                                       17
<PAGE>
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 six month period 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  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>
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' Reports                                            1-2

Statement of Operations                                        3

Statement of Assets and Liabilities                            4

Statement of Cash Flows                                        5

Statement of Stockholders' Equity                              6

Notes to the Financial Statements                           7-19


































                                       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 9, 2000 except as to Note 14          Signed "Grant Thornton LLP"
which is as of November 29, 2000               Chartered Accountants

2400 Scotia Place 1
10060 Jasper Avenue
Edmonton, Alberta
T5J 3R8
Tel: (780) 422-7114
Fax: (780) 426-3208
e-mail: edmonton@GrantThornton.ca
                                                                            1


                                       25
<PAGE>

                      REPORT OF OPPENHEIM & OSTRICK, CPA'S
                              INDEPENDENT AUDITORS


The Board of Directors and Shareholders of
Digital Technologies Media Group, Inc.


We have audited the  accompanying  balance sheet of Digital  Technologies  Media
Group,  Inc. as of December  31,  1998 and 1999 and the  related  statements  of
income,  shareholder's  equity,  and cash flows for each of the two years  ended
December 31, 1999.  These  financial  statements are the  responsibility  of the
Company's  management.  Our  responsibility  is to  express  an opinion on these
financial statements based on our audits.

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

In our opinion the financial statements referred to above present fairly, in all
material respects,  the financial position of Digital  Technologies Media Group,
Inc.  as of  December  31,  1998  and  1999 and the  result  of its  operations,
shareholder's  equity and its cash flows for the year ended December 31, 1999 in
conformity with accounting principles generally accepted in the United States.







Signed "Oppenheim & Ostrick"

Culver City, California
April 4, 2000










                                                                              2


                                       26
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Statement of Operations
(Expressed in United States Dollars)
                                   Reorganized Company      Predecessor Company
                                   -------------------      -------------------
<TABLE>
<S>                                       <C>              <C>                  <C>
                                      54 Days Ended       129 Days Ended        Year Ended
                                           June 30,               May 8,      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 basic and diluted          $  (0.021)                    *                *
                                          =========
Weighted average shares, basic
         and diluted                      2,685,224                     *        *
                                          =========
</TABLE>
* Per share amounts are not meaningful due to reorganization (see Note 2)








              See accompanying notes to the financial statements.


                                                                              3



                                       27
<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)                  $        1,509,928      $           -
Fixed assets, net of accumulated
  depreciation of $221                             1,993                  -
Deposits                                           2,030                630
Cash and cash equivalents                         25,821                 74
                                      ------------------      -------------
                                      $        1,539,772      $         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
                                      ------------------      -------------
Convertible preferred shares (Note 8)          1,309,928                  -
                                      ------------------      -------------
Stockholders' equity (deficiency)
Capital stock (Note 8)                            26,850             25,732
Additional paid-in capital                       234,381            508,704
Deficit                                          (57,163)        (1,234,801)
                                      ------------------      -------------
                                                 204,068           (700,365)
                                      ------------------      -------------
                                      $        1,539,772      $         704
                                      ==================      =============
--------------------------------------------------------------------------------
On behalf of the Board

Signed "Rex Crim"                          Signed "Brad Bartilson"
Director                                   Director







              See accompanying notes to the financial statements.
                                                                              4

                                       28
<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 Ended  129 Days Ended    Year Ended
                                          June 30,          May 8,  December 31,
                                              2000            2000          1999
--------------------------------------------------------------------------------
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 activities      -         301,773        6,000
                                       -----------   -------------  -----------
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        $ 1,588,558   $           -  $         -
  Cancellation of indebtedness (Note 4)  1,079,854               -            -
--------------------------------------------------------------------------------

              See accompanying notes to the financial statements.

                                                                              5

                                       29
<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>
                                     Common
                                     ------                 Additional
                                   Number of                   Paid-In
                                    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

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

Common stock issued for
 extinguishment 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             2,685,224   $  26,850   $   234,381   $   (57,163)  $  204,068
                                  ==========   =========   ===========   ===========   ==========
</TABLE>














                                                                              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
--------------------------------------------------------------------------------
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.

                                                                              7
                                       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
--------------------------------------------------------------------------------
2.       Summary of significant accounting policies (cont'd)

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
Appraisal  method  as  described  in this  note and  therefore  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 recorded using the cost method.  The cost method is based
on the original cost to the Company plus all additional loans and funds advances
on behalf of the  investee  company.  Such  method is to be applied in the early
stages of an investee's development until significant positive or adverse events
occur subsequent to the date of the original  investment at which time the Board
of Directors  will value the  investments on the basis of an appraisal on market
information  and reflect the change in value in the financial  statements of the
Company at that time, depending on each individual circumstance.

Loss per share

The Company reports loss per share in accordance with the provisions of SFAS No.
128, Earnings Per Share. SFAS No. 128 requires presentation of basic and diluted
earnings per share in conjunction with the disclosure of the methodology used in
computing such earnings per share. Basic loss per share excludes dilution and is
computed by dividing income  available to common shares by the weighted  average
common shares outstanding  during the period.  Diluted loss per share takes into
account the potential dilution that could occur if securities or other contracts
to issue common stock were exercised and converted into common stock.

Calculating the fully diluted loss per share produces immaterial  differences or
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  Company was merged
into Oil  Securities  Inc.,  a Nevada  Company,  formed for the sole  purpose of

                                                                              8
                                       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)

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.

Digital  Technologies  Media  Group,  Inc.  was  organized  in April 1995,  as a
Delaware  Company  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 in Company to reflect the  following  changes.  The Company was
renamed Central Capital Venture 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
     (Note 9) which entitles the holder to purchase one additional common share.

                                                                              9
                                       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
--------------------------------------------------------------------------------
3.       Chapter 11 proceedings (continued)

     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.

     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 shares of common stock in the predecessor  Company
     received a pro-rata  distribution of 33,551 shares 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  Company  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.

                                                                            10
                                       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
--------------------------------------------------------------------------------
4.       Fresh start reporting (cont'd)

The reorganization value at May 8, 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.

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                                 -   1,309,928 (3)               -      1,309,928
Office equipment                          643           -                   -            643
                                 ------------  ----------          ----------    -----------
                                 $    284,017  $1,309,928          $        -    $ 1,593,945
Liabilities                      ============  ==========          ==========    ===========

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

Convertible preferred stock                 -           -           1,309,928(3)   1,309,928

Stockholders' equity (deficiency)
Common stock                           25,732      25,732 (2)          26,850(3)      26,850
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          $2,924,219    $ 1,593,945
                                 ============  ==========          ==========    ===========
</TABLE>
                                                                            11
                                       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
--------------------------------------------------------------------------------
4.       Fresh start reporting (cont'd)

(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.
--------------------------------------------------------------------------------
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)                     $       1,409,928
         Digi Commerce Company (100% owned)                            100,000
                                                             -----------------
                                                             $       1,509,928
                                                             =================

Under the Amended Plan  described in Note 3, the  Bankruptcy  Court has approved
the  Company's  acquisition  of  1,000,000  shares  of common  stock of  Datanet
Information  Systems Inc.,  ("Data"),  which  represents 100% of its outstanding
shares of stock in exchange for 100,000 shares of Class A preferred  stock.  The
acquisition  was settled for cash  consideration  of  $100,000,  funded from the
Debtor's  Certificates of Indebtedness  described in Note 3, and the issuance of
100,000 shares of Class A preferred stock. (Note 8)

Given the extent of the non-monetary consideration to acquire the shares of Data
and the lack of a public market for such consideration, management and the Board
of Directors  determined  that the  appropriate  cost basis of its investment in
Data to be the book value of the net  assets of Data at the date of  acquisition
(which approximates fair value) plus cash consideration paid of $100,000.

                                                                            12
                                       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
--------------------------------------------------------------------------------
6.       Investments (cont'd)

Realization of this valuation in subsequent periods is subject to the ability of
Data to develop  and  maintain a  significant  customer  base that will  attract
additional investors in Data and will allow the Company to develop a strategy to
realize on its investment. The outcome of these matters is highly uncertain. The
inability to achieve these or other factors  could  negatively  impact on future
valuations of Data and such impact could be material.  The  transaction has been
recorded as follows:

Cost of Data stock (see above)                       $        1,409,928
Less: cash consideration                                        100,000
                                                     ------------------
Allocated to Class A preferred stock issued          $        1,309,928
                                                     ==================
--------------------------------------------------------------------------------
7.       Authorized capital stock

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

Preferred stock

The Company is authorized to issue 1,000,000 shares of 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
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 Company 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;

                                                                             13
                                       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
--------------------------------------------------------------------------------
7.       Authorized capital stock (cont'd)

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 Company  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 Company;

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  Company 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 Company 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 Company or any  subsidiary,  of any other class or series of
stock of the  Company  ranking  junior to such  shares as to  dividends  or upon
liquidation;

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

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

Common stock

The Company is authorized to issue 20,000,000 shares of common stock.

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

a)       have the exclusive voting power of the Company;

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

                                                                             14
                                       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
--------------------------------------------------------------------------------
7.       Authorized capital stock (cont'd)

c) entitle  the  holders to share  ratably,  without  preference  over any other
shares  of the  Company,  in all  assets  of the  Company  in the  event  of any
dissolution, liquidation or winding up of the Company; 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
(with a par value of $100 and a stated value of  $2,500,000)  were 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 Company, upon the earlier to occur:

i)       January 19, 2001 (twelve months from issuance).

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

iii)     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 3,400,000  shares of the total
         Data common stock to be issued after conversion.

                                                                             15
                                       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
--------------------------------------------------------------------------------
8.       Issued capital stock (cont'd)

Voting right.  The Class A preferred  stock has no voting rights of the Company,
------------
however  one  designee  on the  holder of the  Preferred  A shares  shall hold a
position a Board member of the Company 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.

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.

As  described  in Note 6, the  100,000  shares of Class A  preferred  stock were
issued in exchange for the  acquisition  of Data stock and recorded at an amount
of $1,309,928.

The 100,000 shares of Class A preferred stock will be convertible into 3,400,000
common shares of Data stock by January 19, 2001 or earlier  subject to the above
noted  conditions.  The  conversion  will result in a dilution of the  Company's
position in Data, from 100% of the common stock in Data to 22.7%.

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 were set by the
Board of  Directors  with an exercise  price of $10 and an  exercisable  date of
August 1, 2000.
--------------------------------------------------------------------------------

                                                                             16
                                       40
<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

During the period  before  fresh start  reporting  the $1,000  loan  payable was
converted into a Debtor's  Certificate for  Indebtedness in exchange for raising
$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.

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

The Company accounts for income taxes using the liability method, as provided by
Statement of Financial  Accounting  Standards  109,  Accounting for Income Taxes
("SFAS 109").  Differences  between the tax bases of assets and  liabilities and
their financial  statement  amounts are reflected as deferred income taxes based
on enacted tax rates.  There was no income tax  (benefit)  for the period  ended
June 30, 2000 .

The Company's  ability to use its net operating  losses to offset future taxable
income is subject to restrictions  enacted in the United States Internal Revenue
Code of 1986 as  amended  (the  "Code").  These  restrictions  could  limit  the
Company's  future use of its net  operating  losses if certain  stock  ownership
changes described in the Code occur.

At June 30, 2000 the company had a net loss of $ 57,163.

                                                                             17
                                       41
<PAGE>
--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Financial Statements
(Expressed in United States Dollars)
June 30, 2000
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
14.      Subsequent event

Subsequent  to the year end, a dispute has arisen  between the  Directors  and a
former Director over the operations of Datanet Information  Systems,  Inc. As no
legal actions have been filed  against the Company at this time,  the outcome of
this dispute and its impact,  if any, on these  financial  statements  cannot be
determined.
--------------------------------------------------------------------------------
15.      Supplemental financial information

The following is the financial  information for the prior six month  comparative
period:

                                              Six Months
                                                   Ended
                                           June 30, 1999
Expenses                                   -------------
         Advertising and promotion         $        370
         Lease payments                             750
         Professional fees                        1,320
         Rent                                     3,500
         Salaries and benefits                   36,129
         Stationary and office                      948
         Telephone                                  269
         Travel                                     963
                                           ------------
                                                 44,249
                                           ------------
Net loss                                   $    (44,249)
                                           ============

                                                                             18
                                       42