<PAGE>


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]  Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

                  For the quarterly period ended June 30, 2003

[ ]  Transition Report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934

             For the transition period from _________ to __________.

                          Commission File No. 033-14065

                             CENTRAL WIRELESS, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

             UTAH                                      87-0476117
             ----                                      ----------
(State or other jurisdiction of                     (I.R.S. Employer
 incorporation or organization)                  Identification Number)


4333 SOUTH TAMIAMI TRAIL, SUITE E, SARASOTA FLORIDA            34271
---------------------------------------------------            -----
     (Address of principal executive offices)               (Zip Code)

     Registrant's telephone number, including area code: (941) 929-1534
                                                         --------------


(1)  Registrant  has filed all  reports  required  to be filed by  Section 13 or
     15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
     (or for such shorter  period that the  registrant was required to file such
     reports), and

(2)  has been subject to such filing requirements for the past 90 days
     [X] Yes [ ] No

     As of August  13,  2003,  there  were  237,930,144  shares  outstanding  of
     issuer's common stock.


<PAGE>

                                     PART I

ITEM 1.  FINANCIAL STATEMENTS


                             CENTRAL WIRELESS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS
                                TABLE OF CONTENTS

                                                               PAGE
                                                               ----



ACCOUNTANTS' REVIEW REPORT                                       1

BALANCE SHEET                                                    2

STATEMENTS OF INCOME                                             3

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY                     4

STATEMENTS OF CASH FLOWS                                         5





                                       i

<PAGE>


August 11, 2003


TO THE BOARD OF DIRECTORS
Central Wireless, Inc.
Sarasota, Florida


                            ACCOUNTANTS REVIEW REPORT

         We have reviewed the  accompanying  balance sheet of Central  Wireless,
Inc.  (a  development  stage  company)  as of June  30,  2003,  and the  related
statements  of income for the three and six months ended June 30, 2003,  and the
statements of stockholders'  equity and cash flows for the six months ended June
30, 2003 in accordance  with  Statements on Standards for  Accounting and Review
Services issued by the American Institute of Certified Public  Accountants.  All
information  included in these financial statements is the representation of the
management of Central Wireless, Inc.

         A review  consists  principally  of inquiries of company  personnel and
analytical  procedures  applied to financial data. It is  substantially  less in
scope than an audit in accordance with generally  accepted  auditing  standards,
the objective of which is the  expression of an opinion  regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.

         Based on our  review,  we are not aware of any  material  modifications
that should be made to the accompanying  financial  statements in order for them
to be in conformity with accounting  principles generally accepted in the United
States of America.

         The balance  sheet as of December 31, 2002 and the statement of changes
in  stockholders'  equity  for the  year  ended  December  31,  2002 of  Central
Wireless,  Inc. and  subsidiaries  was audited by other auditors,  and they have
expressed an unqualified  opinion on it in their report dated March 5, 2003, but
they  have  not  performed  any  auditing   procedures   since  that  date.  The
consolidated  statements  of income  and cash flows for the three and six months
ended June 30, 2002 of Central Wireless,  Inc. and subsidiaries were reviewed by
other accountants,  whose report stated that they were not aware of any material
modifications that should be made to those statements in order for them to be in
conformity with generally accepted accounting principles.

         In accordance  with United States  Securities  and Exchange  Commission
Regulation  S-X,   footnotes  have  been  omitted  in  these  interim  financial
statements,  as footnote disclosure would substantially duplicate the disclosure
contained in the audited  financial  statements for the year ending December 31,
2002. These financial statements should be read in conjunction with the December
31, 2002 financial statements.

         Certain  conditions  indicate  that the  Corporation  may be  unable to
continue  as a going  concern.  The  accompanying  financial  statements  do not
include any  adjustments  to the  financial  statements  that might be necessary
should the Corporation be unable to continue as a going concern.



Certified Public Accountants


                                       1
<PAGE>


                             CENTRAL WIRELESS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                                  BALANCE SHEET

<TABLE>
<CAPTION>
                                                                                  June 30,         December 31,
                                                                                    2003              2002
                                                                                 -----------       -----------
                                                                               (consolidated)
ASSETS
<S>                                                                              <C>               <C>
Cash                                                                             $       460       $    58,377
Prepaid expenses                                                                       1,605             2,000
                                                                                 -----------       -----------
TOTAL CURRENT ASSETS                                                                   2,065            60,377

Tower site and improvement costs                                                     135,000           135,000
                                                                                 -----------       -----------
                                                                                 $   137,065       $   195,377
                                                                                 ===========       ===========


LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
  Accounts payable                                                               $    69,833       $    60,152
  Accrued expenses                                                                   355,913           284,099
  Contract deposits                                                                   34,500
  Note payable - stockholders, net of
    discounts of $230,868 and $526,534, respectively                                 648,295           663,620
                                                                                 -----------       -----------
    TOTAL LIABILITIES                                                              1,108,541         1,007,871

STOCKHOLDERS' EQUITY
  Common stock - authorized 250,000,000 shares; par value $.001; issued and
    outstanding, 217,450,984 at June 30, 2003 and 6,127,122
    at December 31, 2002                                                             217,451             6,127
  Preferred stock - authorized 10,000,000 shares;
    no shares issued or outstanding
  Treasury stock                                                                     (20,000)          (20,000)
  Additional paid-in capital                                                       4,638,965         3,549,798
  Accumulated deficit prior to re-entering development stage                      (3,557,147)       (3,557,147)
  Accumulated deficit since re-entering development stage                         (2,250,745)         (791,272)
                                                                                 -----------       -----------
    TOTAL STOCKHOLDERS' EQUITY                                                      (971,476)         (812,494)
                                                                                 -----------       -----------
                                                                                 $   137,065       $   195,377
                                                                                 ===========       ===========
</TABLE>

                         See Accountants' Review Report.


                                       2
<PAGE>

                             CENTRAL WIRELESS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                              STATEMENTS OF INCOME


<TABLE>
<CAPTION>
                                              Six months         Three months         Six months         Three months
                                            ended June 30,      ended June 30,      ended June 30,      ended June 30,
                                                2003                 2003                2002               2002
                                            -------------       -------------       -------------       -------------
                                                                                    (Consolidated)     (Consolidated)
INCOME
<S>                                         <C>                 <C>                 <C>                 <C>
  Interest                                  $           8       $           4       $          --       $          --

EXPENSES
  General and administrative                      110,368              46,819              27,223              27,223
  Interest                                        353,154             218,994
  Professional                                    995,959             826,946
                                            -------------       -------------       -------------       -------------
                                                1,459,481           1,092,759              27,223              27,223
                                            -------------       -------------       -------------       -------------

LOSS FROM CONTINUING
  OPERATIONS BEFORE
  INCOME TAXES                                 (1,459,473)         (1,092,755)            (27,223)            (27,223)
                                            -------------       -------------       -------------       -------------

INCOME TAXES

DISCONTINUED OPERATIONS:
  Loss from operations of
    discontinued divisions, net of tax                                                   (240,545)            (91,960)
                                            -------------       -------------       -------------       -------------

NET LOSS                                    $  (1,459,473)      $  (1,092,755)      $    (267,768)      $    (119,183)
                                            =============       =============       =============       =============

NET LOSS PER SHARE
  Continuing operations                     $       (0.01)      $       (0.01)      $       (0.02)      $       (0.02)
  Discountinued operations                                                                  (0.16)              (0.06)
                                            -------------       -------------       -------------       -------------
                                            $       (0.01)      $       (0.01)      $       (0.18)      $       (0.08)
                                            =============       =============       =============       =============

WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING                       121,895,473         188,787,476           1,498,444           1,498,444
                                            =============       =============       =============       =============
</TABLE>

                         See Accountants' Review Report.



                                       3
<PAGE>


                             CENTRAL WIRELESS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY


<TABLE>
<CAPTION>
                                                                 Additional                           Retained
                                                 Common           Paid-in          Treasury           Earnings
                                                 Stock            Capital            Stock           (Deficit)           Total
                                              -----------       -----------       -----------       -----------       -----------
BALANCE,
<S>                                           <C>               <C>               <C>               <C>               <C>
  January 1, 2002                             $     1,199       $ 2,142,222       $        --       $(3,557,147)      $(1,413,726)

Common stock issued for services                      889           132,111                                               133,000

Conversion of payables and debentures               1,139           763,152                                               764,291

Beneficial conversion feature of
  debentures and related warrants                                   515,213                                               515,213

Stock issued for acquisition of business            4,150            (4,150)

Treasury stock acquired                            (1,250)            1,250           (20,000)                            (20,000)

Net loss                                                                                               (791,272)         (791,272)
                                              -----------       -----------       -----------       -----------       -----------

BALANCE,
December 31, 2002                                   6,127         3,549,798           (20,000)       (4,348,419)         (812,494)

Common stock issued
  for services                                     51,600           907,500                                               959,100

Stock issued in exchange agreement                100,000          (100,000)

Stock issued in site acquisition                    1,600            28,800                                                30,400

Conversion of debentures                           58,124           252,867                                               310,991

Net loss                                                                                             (1,459,473)       (1,459,473)
                                              -----------       -----------       -----------       -----------       -----------
BALANCE,
  June 30, 2003                               $   217,451       $ 4,638,965       $   (20,000)      $(5,807,892)      $  (971,476)
                                              ===========       ===========       ===========       ===========       ===========
</TABLE>


                         See Accountants' Review Report.


                                       4
<PAGE>


                             CENTRAL WIRELESS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                            For the six months
                                                                                               ended June 30,
                                                                                            2003             2002
                                                                                        -----------       -----------
                                                                                                        (Consolidated)
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                                                     <C>               <C>
  Net loss                                                                              $(1,459,473)      $  (267,768)

Adjustments to reconcile net loss to net cash used by operating activities:
  Depreciation and amortization                                                                                 1,377
  Loss on disposal of assets                                                                                    5,987
  Bad debt expense                                                                                              7,789
  Stock issued for services                                                                 959,100            24,044
  Stock issued for site acquisition                                                          30,400
  Amortization of equity component of notes payable                                                             8,828
  Amortization of beneficial conversion feature of debentures and related warrants          295,666
Decrease in operating assets:
  Accounts and notes receivable                                                                               132,743
  Prepaids                                                                                      395
Increase in operating liabilities:
  Accounts payable                                                                            9,681
  Accrued expenses                                                                           71,814
  Other                                                                                      34,500
                                                                                        -----------       -----------

NET CASH USED BY OPERATING ACTIVITIES                                                       (57,917)          (87,000)
                                                                                        -----------       -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Proceeds from sales of equipment                                                                             22,000
                                                                                        -----------       -----------

NET CASH PROVIDED BY INVESTING ACTIVITIES                                                                      22,000

CASH FLOWS FROM FINANCING ACTIVITIES
  Sale of debentures, net of offering expenses                                                                 40,000
  Advances from shareholder                                                                                    25,000
                                                                                        -----------       -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                                                                      65,000

NET DECREASE IN CASH                                                                        (57,917)

CASH, at beginning of period                                                                 58,377
                                                                                        -----------       -----------

CASH, at end of period                                                                  $       460       $
                                                                                        ===========       ===========
SUPPLEMENTAL DISCLOSURES:
  Interest paid                                                                         $        --       $        --
                                                                                        ===========       ===========
  Schedule of non-cash investing and financing transactions:
  Conversion of debentures to common stock                                              $   310,991
                                                                                        ===========       ===========
  Common stock issued for services                                                      $   959,100
                                                                                        ===========       ===========
  Stock issued in site acquisition                                                      $    30,400
                                                                                        ===========       ===========
</TABLE>

                         See Accountants' Review Report


                                       5
<PAGE>

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS


Introductory Statements


         Forward-Looking Statements And Associated Risks

         This filing contains forward-looking  statements,  including statements
regarding,  among other things,  (a) the growth  strategies of Central Wireless,
Inc.  ("Central  Wireless"  or the  "Company"),  (b)  anticipated  trends in the
Company's  industry,  (c)  the  Company's  future  financing  plans  and (d) the
Company's ability to obtain financing and continue operations. In addition, when
used in  this  filing,  the  words  "believes,"  "anticipates,"  "intends,"  "in
anticipation   of,"  and  similar   words  are  intended  to  identify   certain
forward-looking  statements.  These forward-looking statements are based largely
on the  Company's  expectations  and  are  subject  to a  number  of  risks  and
uncertainties,  many of which are beyond the Company's  control.  Actual results
could differ  materially  from these  forward-looking  statements as a result of
changes in trends in the economy and the Company's  industry,  reductions in the
availability  of  financing  and  other  factors.  In light of these  risks  and
uncertainties,  there can be no assurance  that the  forward-looking  statements
contained in this filing will in fact occur.  The Company does not undertake any
obligation   to  publicly   release  the  results  of  any  revisions  to  these
forward-looking  statements  that may be made to reflect  any  future  events or
circumstances.


         Going Concern

         The  Company's  auditors  stated  in  their  reports  on the  financial
statements  of the Company for the period ended  December 31, 2001 and 2002 that
the  Company is  dependent  on outside  financing  and has had losses that raise
substantial doubt about our ability to continue as a going concern.  For the six
months  ended June 30, 2003 and 2002,  Central  Wireless  incurred a net loss of
$1,459,473 and $267,768 respectively.  As of June 30, 2003, Central Wireless had
an accumulated  deficit since  re-entering the development  stage of $2,250,745.
Management  is  actively  seeking  customers  for its  services.  The  financial
statements do not include any  adjustments  relating to the  recoverability  and
classification  of  recorded  assets,  or  the  amounts  and  classification  of
liabilities  that might be necessary in the event the Company cannot continue in
existence.  Also,  Central  Wireless has limited  financial  resources and is in
default on certain notes payable to  shareholders  and  convertible  debentures.
These factors raise substantial doubt about the Company's ability to continue as
a going  concern.  Management  intends  to attempt  to obtain  additional  tower
projects and generate cash flow to allow the Company to meet its obligations and
grow in the future.


         Significant Plant Or Equipment Purchases

         We do not  currently  anticipate  any  significant  plant or  equipment
purchases during the next twelve months.


         Employees

         We currently have two (2) employees  Kenneth W. Brand and Steve Troyan,
and one (1) part-time employee,  Sharon Hetman, in Sarasota,  Florida. We do not
anticipate hiring additional  employees during the remainder of 2003. We believe
that these  personnel  will be adequate to accomplish the tasks set forth in our
plan of operations for 2003.


         Recent Accounting Pronouncements

         Financial  Reporting Release No. 60, which was recently released by the
U.S. Securities and Exchange  Commission,  encourages all companies to include a
discussion of critical accounting policies or methods used in the preparation of
financial  statements.  Below we have  included  a  summary  of the  significant
accounting  policies and methods  used in the  preparation  of our  consolidated
financial statements.  Management believes the following significant  accounting
policies affect the significant  judgments and estimates used in the preparation
of the financial statements.


         Summary Of Significant Accounting Policies


         Cash Equivalents

         For purposes of reporting cash flows,  Central  Wireless  considers all
short-term  investments with an original  maturity of three months or less to be
cash equivalents.




                                       6
<PAGE>

         Property And Equipment

         Property  and  equipment  is  recorded  at  a  cost  less   accumulated
depreciation And  amortization.  Depreciation and amortization is computed using
the  straight-line  method over the estimated useful lives of the assets,  which
range from three to five years, or the lease term, if shorter.

         Gains and losses  resulting from sales and dispositions of property and
equipment  are  included  in current  operations.  Maintenance  and  repairs are
charged to operations as incurred.


         Long-Lived Assets

         Central Wireless's policy is to periodically  review the net realizable
value of its  long-lived  assets  through an assessment of the estimated  future
cash flows related to such assets.  In the event that the assets are found to be
carried at amounts in excess of estimated  undiscounted  future cash flows,  the
assets will be adjusted for impairment to a level commensurate with a discounted
cash  flow  analysis  of the  underlying  assets.  In  2001,  due to the plan to
discontinue  operations,   Central  Wireless  wrote-off  its  intangible  assets
entirely and  wrote-down  its property and equipment to net realize  value.  The
property and equipment was abandoned in 2002.


         Revenue Recognition

         Central Wireless  recognized  revenue from the discontinued  operations
described in Note 1 to the financial  statements for the year ended December 31,
2002 when  services  were  provided  or at the time  product  was shipped to the
customer. For tower construction services,  Central Wireless uses the percentage
of completion method for recognizing  revenues.  No tower construction  revenues
were  recognized  through  December 31, 2002,  or during the first six months of
2003.


         Stock-Based Compensation

         Central Wireless applies  Statement of Financial  Accounting  Standards
("SFAS")  No. 123,  ACCOUNTING  FOR  STOCK-BASED  COMPENSATION,  which  requires
recognition  of the value of stock  options  and  warrants  granted  based on an
option  pricing  model.  However,  as  permitted by SFAS 123,  Central  Wireless
continues  to account for stock  options and warrants  granted to directors  and
employees pursuant to Accounting Principles Board Opinion No. 25, ACCOUNTING FOR
STOCK ISSUED TO EMPLOYEES, and related interpretations.


         Income Taxes

         Deferred tax assets and  liabilities  are recognized for the future tax
consequences   attributable  to  temporary  differences  between  the  financial
statement  carrying  amounts of assets and liabilities and their  respective tax
bases,  and operating losses and tax credit  carryforwards.  Deferred tax assets
and  liabilities  are  measured  using  enacted  tax rates  expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled.


         Financial Instruments

         Management  believes  that  generally  the fair value of the  Company's
notes payable at December 31, 2002 approximate  their carrying values due to the
short-term  nature of the  instruments or the use of prevailing  market interest
rates.


         Use Of Estimates

         The  preparation  of  Central   Wireless's   financial   statements  in
conformity  with generally  accepted  accounting  principles  requires t Central
Wireless's  management to make estimates and assumptions that affect the amounts
reported in these financial  statements and accompanying  notes.  Actual results
could different from those estimates.


         Overview

         Central  Wireless  Inc.  is a  wireless  communications  infrastructure
company.  Our primary business is the development and construction of towers for
the  transmission  of  broadband,  cellular  and other  wireless  communications
signals.  We also provide related services,  including site acquisition,  zoning
and engineering services, and antennae and line



                                       7
<PAGE>

installation.  We provide various  consulting  services to our customers,  which
include lease negotiation,  assistance in regulatory matters,  and tower design.
We function as the general contractor,  and hire construction  subcontractors on
an as-needed basis to build towers to our customer's specifications.

         Our  potential  customers  consist  primarily  of  broadband  and other
wireless  telecommunications  carriers,  and individuals or business desiring to
lease or own  telecommunications  towers. If we are successful in developing our
business,  we intend to lease  antenna space on towers and rooftop sites that we
acquire or lease.

         We consider Central Wireless to be in the early  development  stage. In
2000 and 2001, our company (then e resources inc) provided video  production and
streaming services and sold healthcare  products over the Internet.  Ultimately,
our  businesses  proved  to be  unsuccessful  and in  January  2002,  we  ceased
operations.  We resumed  operations  in July 2002,  after  changing our business
strategy  and  entering  the  telecommunications  industry by  acquiring  assets
consisting  primarily  of nine  contracts  to  build  telecommunications  towers
capable of transmitting broadband,  cellular and other wireless signals from KRC
Communications,  Inc.  In July  2002,  we began  construction  on three  towers.
Currently, we have operations in the greater Sarasota, Florida region, Oklahoma,
Minnesota, South Caroling and Georgia.


         Telecommunications Towers

         We design, engineer and construct the most popular styles of towers for
transmission of broadband, cellular and other wireless communications, including
the monopole,  the guy tower, stealth tower design, and self-support towers. Our
towers broadcast  telecommunications  signals for PCS,  cellular  wireless data,
paging and broadcast technologies.  Most of our towers are built-to-suit for our
customers, to meet their individual needs.


         Antennae Installation

         In  locations  where a tower is  inappropriate  or not  desired  by the
customer,  we assist the customer in placing antennas on existing  structures or
rooftops.  We also  provide  stealth  tower  designs,  which  are  aesthetically
pleasing and blend into the existing structure.


         Our Fees

         We  generally  bill our  customers  in  installments,  at each stage of
construction.  Depending on the work being performed,  we may bill our customers
at a fixed price,  or on a time and  materials  basis.  The cost of our services
depends upon the extent of site  acquisition,  design and engineering  services,
the type of tower  being  constructed,  the cost of  materials,  the  height and
location of the tower, and special factors.


         Engineering, Consulting And Design Services

         We provide  engineering,  consulting and design services for the towers
we construct.  Each tower is designed and engineered based upon the intended use
of the tower by the customer,  the location of the tower,  signal  capabilities,
and the terrain. We consider the effects that wind, ice and other elements might
have on our towers, area demographics,  and localized objects that may interfere
with reception. We take pride in tailoring each of our towers for our customers'
specific needs. We also design "stealth" towers,  creating  innovate  structures
that blend into the surroundings.  For example,  a cleverly designed antenna can
look  like a tree,  a work of art,  or a part of the  building  on  which  it is
located.


         Acquisition And Zoning Services

         We believe  tower  location is  essential  to  providing  clear  signal
transmission.  We assist our customers in locating  suitable real properties for
tower  development  projects,  and in negotiating the lease or purchase of those
locations.   We  have   experience   in   identifying   appropriate   sites  for
telecommunications  towers,  and we  frequently  assist  our  clients  with site
acquisition.  We also assist our  customers  in obtaining  FAA,  state and local
regulatory  approval,  and work  closely with the local  zoning  authorities  to
obtain any required permits.


         Research And Development

         Due to the nature of its business,  Central  Wireless does not expend a
material amount of funds on research and development.


                                       8
<PAGE>

         Marketing And Promotion

         Because  Central  Wireless is in the early  development  stage, at this
time, we do not spend a material  amount on marketing and  promotion.  We market
Central Wireless within the telecommunications industry through our management's
network of  industry  relationships,  and promote  Central  Wireless at industry
trade shows.  If we are  successful  in  expanding  our  business,  we intend to
increase our marketing and promotion activities.

         Plan Of Operations For 2003

         Central  Wireless  intends to  continue to market and expand its client
base by offering  quality services at competitive  pricing.  The market is still
highly competitive,  but we envision that the industry will gain momentum during
the remainder of the year.

         An area of potential increased growth is in wireless broadband. Central
Wireless has the ability to deploy "line of site" broadband technology.  We have
negotiated an agreement to become a contractor for a large countywide deployment
of wireless broadband services in South Carolina. The potential for an expansion
of this type of service to other  counties  is  currently  being  negotiated  by
Alliance Towers, Inc.

         Central  Wireless  has executed an agreement to allow the Company to be
licensed in and perform General  Contracting  services in the following  states:
Alabama,  Mississippi,  Georgia, Tennessee, North and South Carolina, Louisiana,
as well as Florida. The licensing in these states will allow Central Wireless to
directly   perform   many  of  the  tasks  that   would  have  been   previously
subcontracted.  We believe that this should lead to an increased  revenue stream
and additional  profitability.  Upon the completion of the licensing process, we
intend to complete the qualification  processes to allow Central Wireless to bid
and execute work involved in E-911 equipment installation.

         We intend to focus on site acquisition,  zoning and engineering side of
the  business.  We believe  that the bundling of these  services  along with the
General  Contracting  services  will  assist us in being able to  provide  total
turnkey solutions to our clients.

         Central Wireless intends to focus on our key business while looking for
opportunities  to  establish  our revenue and client base.  We are  committed to
performing the work in the most efficient manner possible, while maintaining low
overheads.

         We  currently  have  agreements  with  Alliance  Towers  Inc.  to build
Telecommunications  towers in  southern  and central  Georgia and are  currently
performing site acquisition for tower locations in South Carolina for a wireless
broadband system. During the first six months of 2003 there have been agreements
with Alliance  Towers to perform site  acquisition  work in Georgia for multiple
site as well as site acquisition work in South Carolina. After completion of the
site  acquisition  the  preliminary RF engineering  shall be performed to ensure
that the site  selection is adequate for the carriers the towers are being built
for.  Construction should follow once the plans and engineering are approved and
the required approvals for the county are completed.

         Central  Wireless has received  three signed ground leases for Alliance
Towers Sites. Pineboro and Norman in Colquit County and Ousley in Brooks County,
GA. The survey is complete on the Alliance Project in Terrell County, GA and the
zoning/engineering  package is in process  for  submittal  by the August  zoning
submittal date.  Surveying is proceeding on 3 additional  Alliance Towers sites.
The 2C survey documentation on four Alliance Towers sites have been received and
submitted to the FAA for aeronautical studies and approval. Central Wireless has
submitted  4 site data  package for review by Alliance  Towers.  These  packages
contain  preliminary  design,  lease,  preliminary   environmental  and  utility
interconnection  information.  South Carolina  Project  Management  continues on
pre-construction  activities for the Georgetown,  project. The historical review
for the Sarasota  site has been  completed  and  submitted  to the county,  upon
completion review the formal 20 day review period begins.


         Results Of Operations

         Central Wireless ceased all operations of its prior business activities
in January 2002. In accordance with Accounting  Principles Board Opinion No. 30,
Reporting  the Results of  Operations -  Discontinued  Events and  Extraordinary
Items,  Central  Wireless has presented the operating  results  related to these
businesses  for the six months ended June 30, 2002 primarily in one line item as
Loss from Operations of Discontinued Divisions.  The net loss for the six months
ended June 30, 2003, was $1,459,473.  The net loss for six months ended June 30,
2002  was  $267,768,  which  consisted  of  mainly  the loss  from  discontinued
operations.

                                       9
<PAGE>


         Reverse Stock Split

         On July 26, 2002,  each 20 shares of the  Company's  common stock which
were issued and  outstanding  or  reserved  for  issuance  by the  Company  were
exchanged for one share of common stock.  The share amounts in the  accompanying
financial  statements  and  notes  give  effect to this  reverse  split as if it
occurred at the beginning of earliest period presented.


Six Months And Three Months Ended June 30, 2003 And 2002


         Revenues

         For the six months ended June 30, 2003 and 2002,  Central  Wireless had
$8 and $0 respectively in revenue.  For the three months ended June 30, 2003 and
2002,  Central Wireless had $4 and $0 respectively in revenue.  Central Wireless
expects to generate revenue by the end of this fiscal year.


         Selling, General And Administrative Expenses.

         For the six months ended June 30, 2003 and 2002,  selling,  general and
administrative  expenses were $1,459,481 and $27,223 respectively.  For the 2003
six  month   period,   the  expense   consisted   of  $110,368  of  general  and
administrative  fees, $353,154 in interest expenses and $995,959 in professional
fees. In the 2002 six month period,  the expenses  consisted entirely of $27,223
of general and administrative expenses. For the three months ended June 30, 2003
and 2002,  selling,  general and  administrative  expenses were  $1,092,759  and
$27,223 respectively.  For the 2003 three month period, the expense consisted of
$46,819 of general and  administrative  fees,  $218,994 in interest expenses and
$826,946 in  professional  fees.  In the 2002 three month  period,  the expenses
consisted entirely of $27,223 of general and administrative expenses.


         Net loss

         For the six months ended June 30, 2003, Central Wireless had a net loss
of  $1,459,473,  or $0.01 per share,  which  consisted the selling,  general and
administrative  expenses,  offset slightly by Central Wireless  revenue.  In the
same period for 2002, Central Wireless' had a net loss of $267,768, or $0.18 per
share,   which  consisted  mainly  of  the  amount  recognized  as  discontinued
operations  of  $240,545.  For the three  months  ended June 30,  2003,  Central
Wireless had a net loss of $1,092,755,  or $0.01 per share,  which consisted the
selling,  general  and  administrative  expenses,  offset  slightly  by  Central
Wireless revenue.  In the same period for 2002, Central Wireless' had a net loss
of $119,183, or $0.08 per share, which consisted mainly of the amount recognized
as discontinued operations of $91,960.


         Liquidity And Capital Resources


         Working Capital

         Central Wireless had a net working capital deficit for six months ended
June 30, 2003 of $1,106,476 versus a net working capital deficit of $816,411 for
June 30,  2002.  Cash  consisted of $460 as of June 30,  2003.  The  liabilities
consist of notes from  before the change of control as well as the  issuance  of
notes  since the change of control  through  December  31,  2002.  Additionally,
accounts  payable  and  accrued  liabilities,   which  arose  prior  to  Central
Wireless's  change of control as of June 28, 2002,  as well as activity  through
June 30, 2003 have caused a deficit in net working capital.

         At the six  months  ended June 30,  2003,  Central  Wireless's  current
assets were  $2,065  compared  to $140 for the six months  ended June 30,  2002.
Central  Wireless's  current  liabilities  as at June 30,  2003 were  $1,108,541
compared to $816,551 at June 30, 2002. Central Wireless has no assured financial
resources  available  to meet its June  30,  2003  working  capital  deficit  of
$1,106,476.

         The Company is currently  seeking external sources of financing to fund
its operations.

         Central  Wireless is  contemplating  a proposed  financing  transaction
pursuant to which the Company would enter into a Securities  Purchase  Agreement
and a Private Equity Line of Credit  Agreement with one or more of the following
parties: AJW Partners,  LLC/AJW Qualified Partners,  LLC, AJW Offshore,  Ltd/New
Millennium Capital Partners II, LLC and Equilibrium Equity, LLC. Pursuant to the
terms of the proposed  Securities  Purchase  Agreement,  some of these  entities
would  purchase  a total  of Two  Hundred  Thousand  Dollars  ($200,000)  of 12%
convertible  debentures  from the Company and  warrants to purchase  Six Hundred
Thousand  (600,000)  shares  of the  Company's  common  stock.  The  convertible
debentures  would  have a  one-year  term  and  the  warrants  would  have to be
exercised  within five (5) years from the date of  issuance.



                                       10
<PAGE>

Under the proposed Private Equity Line of Credit Agreement,  the investors would
purchase,   subject  to  certain  terms  and  conditions  contained  within  the
agreement, up to Five Million Dollars ($5,000,000) of the Company's common stock
during thirty-six (36) month commitment period.  There is not guaranty that this
transaction  will in fact occur, or that Central Wireless will be able to obtain
financing from any other sources.


         Cash Flow From Operating Activity

         Net cash used by Operating Activities for the six months ended June 30,
2003  and  2002 was  $57,917  and  $87,000  respectively.  The use of cash  from
operating   activities   through  June  30,  2002  is  in  connection  with  the
discontinuation  of activities.  During the same period of 2003, the use of cash
related  to  the  Company's  initial  telecommunications  activities.  Moreover,
Central  Wireless net loss of $1,459,473 was offset by non cash items  including
mainly  $959,100 for stock issued for services and $295,666 for  amortization of
beneficial conversion feature of debentures and warrants.


         Cash Flow From Investing Activity

         For six months ended June 30, 2003 no cash was provided from  investing
activities.  During the six  months  ended  June 30,  2002,  the cash flows from
Investing  Activities  was  $22,000  which  related  to a  sale  of  Vistastream
equipment from our discontinued operations in 2002.


         Cash Flow From Financing Activity

         Cash flows from financing  activities for the six months ended June 30,
2003 and 2002 were $0 and $65,000 respectively. Cash provided for the six months
ended June 30, 2002, was due to an issuance of a note payable.

         During the second  quarter of 2003,  convertible  debt in the amount of
$295,753 was  converted to common stock  resulting in the issuance of 55,572,382
shares of our common stock. As of August 4, 2003, for the fiscal year, there has
been  convertible  debt in the  amount of  $415,991  converted  to common  stock
resulting in the issuance of 72,478,022 shares of our common stock.

         Central  Wireless has  incurred  significant  operating  losses and the
assets acquired from KRC are in the start-up phase.  Also,  Central Wireless has
limited  financial  resources  and  is  in  default  on  its  notes  payable  to
shareholders and on its outstanding convertible debentures.  These factors raise
substantial  doubt  about  Central  Wireless's  ability to  continue  as a going
concern. Central Wireless needs to raise significant additional capital in order
to continue as a going  concern,  as well as to pursue its business  plan in the
telecommunications market.


         Risk Factors

         Our Company is subject to various risks which may  materially  harm our
business,  financial  condition  and results of  operations.  Certain  risks are
discussed below.


         We Have Historically Lost Money And Losses May Continue In The Future

         We have  historically  lost  money in prior  years.  For the six months
ended June 30, 2003, we sustained losses of $1,459,473. For the six months ended
June 30, 2002, we had sustained losses of $267,768.  Future losses are likely to
occur.  Our  independent  auditors  have  noted  that our  Company  may not have
significant  cash or other material  assets to cover its operating  costs and to
allow it to  continue  as a going  concern.  Our  ability  to obtain  additional
funding will determine our ability to continue as a going concern.  Accordingly,
we may  experience  significant  liquidity  and cash flow problems if we are not
able  to  raise  additional  capital  as  needed  and on  acceptable  terms.  No
assurances  can be given that we will be successful  in reaching or  maintaining
profitable operations.




                                       11
<PAGE>

         We  Have  Been  The  Subject  Of  A  Going  Concern  Opinion  From  Our
Independent Auditors

         Our  independent  auditors have added  explanatory  paragraphs to their
audit opinions issued in connection with the 2002 and 2001 financial  statements
which  states that our Company is  dependent  on outside  financing  and has had
losses  since  inception  that  raise  substantial  doubt  about our  ability to
continue  as a going  concern.  Our  financial  statements  do not  include  any
adjustments that might result from the outcome of this uncertainty.


         We Have Been And  Continue To Be Subject To A Working  Capital  Deficit
And Accumulated Deficit

         We had a working  capital  deficit of $1.1  million  for the six months
ended June 30, 2003,  compared to a working  capital deficit of $0.8 million for
the six months ended June 30,  2002.  Our ability to obtain  additional  funding
will determine our ability to continue as a going concern.  Accordingly,  we may
experience  significant  liquidity  and cash flow problems if we are not able to
raise additional capital as needed and on acceptable terms. No assurances can be
given  that  we  will  be  successful  in  reaching  or  maintaining  profitable
operations.


         Our Common  Stock May Be  Affected  By Limited  Trading  Volume And May
Fluctuate Significantly

         There has been a limited  public  market for our common stock and there
can be no  assurance  that an active  trading  market for our common  stock will
develop. As a result,  this could adversely affect our shareholders'  ability to
sell our common  stock in short time  periods,  or possibly  at all.  Our common
stock has  experienced,  and is likely to experience in the future,  significant
price and volume fluctuations,  which could adversely affect the market price of
our common stock without regard to our operating  performance.  In addition,  we
believe that factors such as quarterly  fluctuations  in our financial  results,
announcements  by our  competitors  and  changes in the  overall  economy or the
condition of the financial  markets could cause the price of our common stock to
fluctuate substantially.


         Existing  Shareholders  Will Experience  Significant  Dilution From Our
Sale Of Convertible Debentures

         The sale of shares pursuant to the conversion of debentures will have a
dilutive impact on our stockholders. As a result, our net income per share could
decrease  in future  periods,  and the market  price of our common  stock  could
decline.  In  addition,  the lower our stock  price is the more shares of common
stock we will have to issue upon  conversion of the convertible  debentures.  If
our stock  price is  lower,  then our  existing  stockholders  would  experience
greater dilution.


         We Are Currently In Default On Our Convertible Debentures

         We are currently in default on our  obligations  under the  convertible
debentures.  We have  approximately  $774,162 in principal amount of convertible
debentures.  Pursuant to the terms of our convertible debentures,  the investors
may apply a penalty to our Company if we are in default which would increase the
amount  due to the  investors  by at least  30%.  Our  Company  has not paid any
principal,  interest and/or penalties owed under the convertible debentures, nor
do we have the  funds  available  to  payoff  the  outstanding  balances  of the
convertible  debentures.  In  connection  with the  convertible  debentures,  we
entered  into  security  agreements,  in which our  Company  granted a  security
interest to the investors covering  substantially all of our assets.  Because we
are in default on the convertible  debentures,  the investors may exercise their
rights under the security agreements, which include the right to take possession
of our assets,  sell such  assets,  and apply the  proceeds of such sales to pay
down the outstanding balance of the convertible  debentures.  The investors have
delivered  demand letters to our Company with respect to the current  default of
these convertible  debentures and the registration of shares of our common stock
underlying  the  convertible  debentures  and the penalty  provisions  contained
within  the  convertible  debentures.  In the  event  the  investors  decide  to
foreclose  on our  assets,  we would  not be able to  prevent  the  foreclosure,
resulting in the sale of some or all of our assets.  In such event,  we would be
forced to reduce or cease our operations.


         We Could Fail To Attract Or Retain Key Personnel

         We are dependent  upon our two full time  employees,  Kenneth W. Brand,
our  Chief  Executive  Officer  and  Steven W.  Troyan,  our Vice  President  of
Construction,  to continue in the current  performance  of their current  duties
with Central  Wireless.  The stability and growth of Central  Wireless  would be
significantly  compromised  if these persons were unable or unwilling to perform
their  responsibilities.  At this  time,  we have not  entered  into  employment
agreements  with any of our  employees.  Our officers are employed "at will" and
could resign at any time. If any of our employees  terminate their  relationship
with us, Central Wireless would have to immediately find a suitable replacement,
which may not be possible.


ITEM 3.  CONTROLS AND PROCEDURES

         Quarterly  Evaluation Of The Company's Disclosure Controls And Internal
Controls.  Within the 90 days prior to the date of this Quarterly Report on Form
10-QSB,  the Company  evaluated the effectiveness of the design and operation of
its  "disclosure  controls  and  procedures"  (Disclosure  Controls),   and  its
"internal controls and procedures for financial  reporting" (Internal Controls).
This  evaluation  (the Controls  Evaluation)  was done under the supervision and
with the  participation  of management,  including our Chief  Executive  Officer
(CEO) and Acting Chief Financial Officer (CFO). Rules adopted by the SEC require
that in this section of the Quarterly  Report we present the  conclusions of the
CEO and the CFO about the effectiveness of our Disclosure  Controls and Internal
Controls based on and as of the date of the Controls Evaluation.



                                       12
<PAGE>

         CEO  And  CFO  Certifications.   Appearing  immediately  following  the
Signatures section of this Quarterly Report there is a form of  "Certifications"
of the CEO and the Acting CFO. The form of  Certification  is required in accord
with  Section  302  of  the   Sarbanes-Oxley   Act  of  2002  (the  Section  302
Certification).  This section of the  Quarterly  Report which you are  currently
reading is the information concerning the Controls Evaluation referred to in the
Section 302  Certifications  and this information  should be read in conjunction
with the Section 302  Certifications  for a more complete  understanding  of the
topics presented.

         Disclosure  Controls And  Internal  Controls.  Disclosure  Controls are
procedures  that are designed with the  objective of ensuring  that  information
required to be disclosed in our reports filed under the Securities  Exchange Act
of 1934 (Exchange Act), such as this Quarterly Report,  is recorded,  processed,
summarized and reported within the time periods  specified in the Securities and
Exchange  Commission's  (SEC)  rules and  forms.  Disclosure  Controls  are also
designed with the objective of ensuring that such information is accumulated and
communicated  to our  management,  including  the  CEO and the  Acting  CFO,  as
appropriate to allow timely decisions  regarding required  disclosure.  Internal
Controls  are  procedures  which are  designed  with the  objective of providing
reasonable assurance that (1) our transactions are properly authorized;  (2) our
assets  are  safeguarded  against  unauthorized  or  improper  use;  and (3) our
transactions are properly  recorded and reported,  all to permit the preparation
of our financial  statements in conformity  with generally  accepted  accounting
principles.

         Limitations On The Effectiveness Of Controls. The Company's management,
including the CEO and Acting CFO, does not expect that our  Disclosure  Controls
or our Internal Controls will prevent all error and all fraud. A control system,
no matter how well  conceived and  operated,  can provide only  reasonable,  not
absolute,  assurance that the objectives of the control system are met. Further,
the design of a control  system must  reflect  the fact that there are  resource
constraints,  and the benefits of controls must be considered  relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud,  if any,  within  the  Company  have  been  detected.  These  inherent
limitations  include the  realities  that  judgments in  decision-making  can be
faulty,  and that  breakdowns  can occur  because  of simple  error or  mistake.
Additionally,  controls  can be  circumvented  by the  individual  acts  of some
persons,  by collusion of two or more people,  or by management  override of the
control. The design of any system of controls also is based in part upon certain
assumptions about the likelihood of future events, and there can be no assurance
that any design will succeed in achieving  its stated goals under all  potential
future  conditions;  over time, control may become inadequate because of changes
in conditions,  or the degree of compliance  with the policies or procedures may
deteriorate.  Because of the inherent  limitations in a  cost-effective  control
system, misstatements due to error or fraud may occur and not be detected.

         Scope Of The Controls Evaluation.  The CEO/Acting CFO evaluation of our
Disclosure Controls and our Internal Controls included a review of the controls'
objectives  and  design,  the  controls'  implementation  by the Company and the
effect of the controls on the  information  generated for use in this  Quarterly
Report. In the course of the Controls  Evaluation,  the CEO/Acting CFO sought to
identify  data  errors,  controls  problems or acts of fraud and to confirm that
appropriate  corrective  action,  including  process  improvements,  were  being
undertaken.  This type of evaluation  will be done on a quarterly  basis so that
the  conclusions  concerning  controls  effectiveness  can  be  reported  in our
Quarterly Reports on Form 10-QSB and Annual Report on Form 10-KSB.  Our Internal
Controls are also evaluated on an ongoing basis by our  independent  auditors in
connection  with their audit and review  activities.  The overall goals of these
various  evaluation  activities are to monitor our  Disclosure  Controls and our
Internal  Controls and to make  modifications  as necessary;  our intent in this
regard  is that  the  Disclosure  Controls  and the  Internal  Controls  will be
maintained  as dynamic  systems that change  (including  with  improvements  and
corrections) as conditions warrant.

         Among other  matters,  the  CEO/Acting  CFO sought in the evaluation to
determine  whether  there  were  any  "significant  deficiencies"  or  "material
weaknesses"  in the  Company's  Internal  Controls,  or whether  the Company had
identified any acts of fraud involving  personnel who have a significant role in
the Company's  Internal  Controls.  This  information was important both for the
Controls Evaluation  generally and because the Section 302 Certifications of the
CEO and CFO  require  that  the CEO and CFO  disclose  that  information  to our
Board's Audit Committee and to our independent auditors and to report on related
matters in this section of the Quarterly  Report.  In the professional  auditing
literature,   "significant   deficiencies"   are  referred  to  as   "reportable
conditions";  these are  control  issues that could have a  significant  adverse
effect on the ability to record, process, summarize and report financial data in
the  financial  statements.  A "material  weakness"  is defined in the  auditing
literature as a particularly  serious  reportable  condition  where the internal
control  does not reduce to a relatively  low level the risk that  misstatements
caused by error or fraud may occur in amounts that would be material in relation
to the  financial  statements  and not be  detected  within a timely  period  by
employees in the normal  course of  performing  their  assigned  functions.  The
CEO/Acting CFO also sought to deal with other  controls  matters in the Controls


                                       13
<PAGE>

Evaluation,  and in each case if a problem was  identified,  we considered  what
revision,  improvement  and/or  correction  to make in accord with our  on-going
procedures.

         In accord  with SEC  requirements,  the CEO and  Acting  CFO note that,
since the date of the Controls  Evaluation to the date of this Quarterly Report,
there have been no significant  changes in Internal Controls or in other factors
that could  significantly  affect  Internal  Controls,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

         Conclusions. Based upon the Controls Evaluation, our CEO and Acting CFO
have concluded  that,  subject to the  limitations  noted above,  our Disclosure
Controls are effective to ensure that material information relating to Intel and
its consolidated subsidiaries is made known to management, including the CEO and
Acting CFO,  particularly  during the period when our periodic reports are being
prepared,  and that our Internal  Controls are  effective to provide  reasonable
assurance that our financial  statements are fairly presented in conformity with
generally accepted accounting principles.




                                       14
<PAGE>

                                     PART II


ITEM 1.  LEGAL PROCEEDINGS

         None


ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

         During the second  quarter of 2003,  convertible  debt in the amount of
$295,753  was  converted  into  common  stock,  resulting  in  the  issuance  of
55,572,382 shares of our common stock. As of August 4, 2003, convertible debt in
the amount of $415,991 has been  converted  into common stock,  resulting in the
issuance of 72,478,022 shares of our common stock.

         On January 13, 2003,  1,500,000  shares at a market value of $0.03 were
issued to Sharon Hetman for payment of a $45,000 note.

         On January 20, 2003,  100,000 shares were issued to retain the services
of Ronald A. Jones, as an independent  director,  at a market value of $0.02 per
share for a total of $2,000.

         On February  20, 2003,  100,000,000  shares were issued and exchange in
accordance  with a Share Exchange  Agreement,  dated March 6, 2003,  between the
Company and Alliance Towers, Inc.

         On May 23, 2003,  5,072,464  restricted shares were issued to investors
pursuant to the conversion of convertible debentures.

         On June 11,  2003,  1,600,000  restricted  shares  were  pursuant  to a
agreement  to be  licensed  in eight (8) states to perform  General  Contracting
Services.

         On June 26, 2003,  4,861,112 restricted shares were issued to investors
pursuant to the conversion of convertible debentures.

         On July 6, 2003,  4,487,178  restricted shares were issued to investors
pursuant to the conversion of convertible debentures.

         On July 21, 2003,  4,794,520 restricted shares were issued to investors
pursuant to the conversion of convertible debentures.

         On August 4, 2003, 5,072,462 restricted shares were issued to investors
pursuant to the conversion of convertible debentures.

         On August 12,  2003,  1,500,000  shares  were issued to each of Kenneth
Brand,  Michael Delin, Robert Sandburg and Steve Troyan as payment of $17,250 of
accrued but unpaid compensation for each.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         We have  approximately  $774,162  in  principal  amount of  convertible
debentures.  The interest rate on the debentures is 12% or 15% if the debentures
are in default. Principal in the amount of $274,525 plus accrued interest became
due on May 8, 2002;  $272,650 in principal plus accrued  interest  became due on
July, 30, 2002;  $50,000 in principal plus accrued  interest became due on March
29, 2003;  $200,000 in principal  plus accrued  interest  became due on July 12,
2003;  $200,000 in principal  and accrued  interest will become due on September
12, 2003 and  $200,000 in  principal  and  accrued  interest  will become due on
December 20, 2003. There have been $415,991 in debt converted to common stock as
of August 4, 2003.

         Debentures that have become due prior to July 30, 2003 are currently in
default for nonpayment.  None of these debenture holders have informed us of any
collection  proceedings or other actions they intend to take with respect to the
unpaid amounts.



                                       15
<PAGE>

         The  debentures are  convertible  into shares of our commons stock at a
conversion price,  which is significantly  lower than our common stock's trading
price on the  OTCBB at any  given  time.  The  conversion  price is equal to the
lesser of (i) 50%,  multiplied by the average of the lowest three trading prices
for our common stock during the 20 trading days immediately  prior to the notice
of conversion, and (ii) a fixed conversion price ranging from $0.60 to $.10.

         If we are in default under the debenture agreement and other conditions
exist as defined in the agreement,  a penalty may apply which would increase the
amount  due by at least 30% in excess of the  amounts  previously  due under the
agreement.  We have not paid the principal,  interest and penalties we owe under
these  debentures,  and we do not  have  the  money  to pay off the  outstanding
balances of the debentures.

         We have  entered into  security  agreements  in favor of the  investors
covering  substantially  all of our assets,  in order to secure our  obligations
under the  debentures  and the  warrants.  Because  we failed to timely  pay the
debentures sold under the 2001 Securities Purchase Agreement,  the investors may
exercise their rights under the security agreements, including the right to take
possession  of our assets,  sell those  assets,  and apply the  proceeds of such
sales to pay down the outstanding balance of the debenture,  however,  they have
the right to take action at any time they  choose.  If the  investors  decide to
foreclose  on our  assets,  we would  not be able to  prevent  the  foreclosure,
resulting  in the  sale of some or all of our  assets.  In such  event,  persons
purchasing  our common  stock could lose their entire  investment.  On April 23,
2002, the Company  received a default  notice with respect to Company's  default
under the convertible debentures.


The Investor

         Our lenders are the investors, a group of four accredited investors who
as of December 31, 2002,  have  purchased an aggregate of  $1,250,000 in secured
convertible  debentures  and  warrants  from  Central  Wireless  under  the 2001
Securities  Purchase  Agreement,  the Letter  Agreement and the 2002  Securities
Purchase  Agreement.  All of the proceeds recovered from the investors have been
exhausted  by  us.  The  terms  of  our  agreements  with  the  Investors  place
substantial  restrictions on our ability to take certain actions, and require us
to comply with covenants in the 2001  Securities  Purchase  Agreement,  the 2002
Securities  Purchase  Agreement,  and  the  related  investment  documents.  The
principal terms of our agreements with the Investors include the following:


Secured Convertible Debentures

         Amount Sold - As of December  31,  2002,  we have sold an  aggregate of
$1,250,000 in secured  convertible  debentures  to the Investors  under the 2001
Securities  Purchase  Agreement,  the Letter  Agreement and the 2002  Securities
Purchase Agreement. No debentures have been sold in 2003.

         Interest  Rate and Maturity - The interest  rate on the  debentures  is
12%, or 15% if the debentures are in default.  $274,525 in principal and accrued
interest became due on May 8, 2002;  $272,650 in principal plus accrued interest
became due on July 30, 2002;  $50,000 in principal plus accrued interest becomes
due on March 29, 2003;  $200,000 in principal plus accrued  interest becomes due
on July 12, 2003; and $200,000 in principal plus accrued interest becomes due on
September 12, 2003; and $200,000 in principal plus accrued  interest becomes due
on December 20, 2003.

         Debentures - All Debentures are in default - $600,000 in debentures due
May 8, 2002 and July 30, 2002 are in default for nonpayment  upon maturity.  The
investors  have not informed us of any  collection  proceedings or other actions
they intend to take with respect to the unpaid amounts.

         Conversion  Feature - The debentures are convertible into shares of our
common stock at the conversion  price,  which is calculated using the formula in
the  debentures.  The conversion  price is  significantly  lower than our common
stock's  trading price on the OTCBB at any given time. The  conversion  price is
equal to the lesser of (i) 50%,  multiplied  by the average of the lowest  three
trading prices for our common stock during the 20 trading days immediately prior
to the notice of  conversion,  and (ii) a fixed  conversion  price  ranging from
$0.60 to $.10.

         Anti-dilution  Provisions  - If we sell  shares  of  common  stock  for
consideration  per  share  that is less  than  the  conversion  price,  then the
conversion  price is decreased to equal the lower price per share. The number of
shares  issuable to he Investors is  adjustable  upon the issuance of dividends,
the  distribution of assets,  mergers,  consolidations,  recapitalizations,  and
similar events.

         Dividends  - We  cannot  distribute  dividends  in  shares  of stock or
repurchase our shares without obtaining the investors' prior written consent.



                                       16
<PAGE>

         Borrowings - In general,  we cannot  borrow from sources other than the
Investors while the debentures are outstanding, without obtaining the investors'
prior written consent.

         Asset Sales - We cannot sell or  otherwise  dispose of any  significant
portion of our assets outside the ordinary course of business without  obtaining
the Investors' prior written consent.

         Lending  Restrictions  - We cannot  lend money or make  advances to any
person,  including  our  officers and  directors.  We cannot  assume,  guarantee
endorse, or agree to purchase or become liable for another person's obligations,
except for transactions in the ordinary course of business.

         Creditors  - We may not  have  filed  for  bankruptcy  protection,  had
bankruptcy  proceedings  filed  against us, had a judgment  filed  against us in
excess of $50,000,  or had an  assignment  for the benefit of creditors or apply
for or consent to the appointment of a receiver or trustee for our properties or
business.

         Default  - If we  fail  to  timely  convert  the  debentures  upon  the
Investors'  request, we owe $1,000 for each day beyond the deadline that we fail
to  comply.  If we are in  default  under  the  debenture  agreement  and  other
conditions  exist as Defined in the  agreement,  a penalty may apply which would
increase the amount due by at least 30% in excess of the amounts  previously due
under the agreement.  The Investors have the right to convert the default amount
into shares of common stock.

         Prepayment - If we prepay the debentures,  we owe a prepayment  penalty
equal  to 30% of the  outstanding  principal  plus  accrued  interest,  plus any
default interest or penalties.


Covenants And Other Restrictions

         Reservation  and  Registration of Shares - 200% of the number of shares
of common stock that could be issued to the  Investors  upon full  conversion of
the debentures and full exercise of the warrants,  must be reserved by us, and a
Registration Statement must be filed and be declared effective by the Commission
covering those shares for resale by the Investors.  The  Registration  Statement
must remain  effective  and  available for the Investors to resell the shares of
common stock  received  upon  conversion of the  debentures  and exercise of the
warrants.  If the number of shares of common stock  registered at any given time
is inadequate, we are obligated to file an amended or new registration statement
covering  additional shares of common stock. The process of preparing and filing
a registration statement is a time-consuming, costly process. Furthermore, it is
a default under our  agreements  with the Investors if the  Commission  does not
declare the registration  statement  effective within 90 days of the date of the
debentures and warrants were issued.

         As of May 23,  2003,  all  share  of  common  stock  registered  in the
previous registration  statement have been issued to the investor for conversion
of debt. As such we are currently in default for not having the required  number
of shares available for conversion.

         Listing and  Eligibility  - Our common stock must remain  listed on the
OTCBB or an equivalent exchange, and must remain eligible to file a Form SB-2 or
S-1 Registration Statement.

         Mergers, etc. - We are prohibited from merging or consolidating with or
into another company or transferring all or  substantially  all of our assets to
another company.

         Lock Up Period - We cannot offer convertible  debentures,  warrants and
other equity offerings  similar to the securities sold under the 2002 Securities
Purchase  Agreement to any person without first offering such  securities to the
Investors,  for a period  beginning  on July 12, 2002 and ending on the later of
(i) 270 days from July 12, 2002 and (ii) 180 days from the date the Registration
Statement is declared effective (the "Lock Up Period"). With certain exceptions,
we also  agreed not to conduct  any equity  financings  (including  debt with an
equity  component)  during the period  beginning  on July 12,  2002 and ending 2
years  after  the end of the  Lock-up  Period  unless we give the  investors  an
opportunity to participate in the offering on the same terms and conditions.

         General - We must  remain  in  compliance  with all of our  obligations
under the 2001 Securities Purchase Agreement,  the Letter Agreement and the 2002
Securities  Purchase  Agreement,  and the  convertible  debentures  and warrants
issued under those agreements.



                                       17
<PAGE>

         Security - We granted the investors a first priority  security interest
in  substantially  all of our  assets to secure our  obligations  under the 2001
Securities  Purchase  Agreement,  the Letter  Agreement and the 2002  Securities
Purchase Agreement.

         Pledge and Guaranty - Kenneth W. Brand, our Chief Executive Officer and
Keith Roy Chrismon,  our past  President  and past  Chairman of the Board,  each
pledged the shares of common stock owned by them to the Investors, to ensure our
obligations  under  the  2002  Securities  Purchase  Agreement  and the  related
debentures and warrants.


Warrants

         Amount Sold - As of December  31,  2002,  we have sold  warrants for an
aggregate  of 152,500  shares of common  stock to the  Investors  under the 2001
Securities  Purchase  Agreement,  the Letter  Agreement and the 2002  Securities
Purchase Agreement. No warrants have been sold in 2003.

         Expiration  Date - Warrants to purchase  15,000  shares of common stock
expire May 8, 2004;  warrants to purchase  15,000  shares of common stock expire
July 30,  2004;  warrants to purchase  2,500 shares of common stock expire March
29,  2005;  warrants to purchase  40,000  shares of common stock expire July 12,
2005;  and warrants to purchase  40,000 shares of common stock expire  September
12, 2005: and warrants to purchase 40,000 shares of common stock expire December
31, 2005.

         Exercise Price - The warrants are  exercisable for shares of our common
stock at the exercise price,  which,  for shares sold under the Letter Agreement
and the 2001 Securities  Purchase Agreement is calculated by a formula,  and for
shares sold under the 2002  Securities  Purchase  Agreement  is a fixed price of
$0.20 per share.  The exercise price for shares sold under the Letter  Agreement
and the 2001 Securities Purchase Agreement is $0.05 per share.

         All our  agreements  with  the  Investors  have  been  filed  with  the
Commission as  attachments to various public filings we made with the Commission
and are available  for viewing  without  charge,  at the  Commission's  website,
www.sec.gov.  For information on obtaining copies of these documents, please see
"Other Available Information".


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

         None,  to date.  Central  Wireless has filed a  definitive  information
statement, which it plans to beginning mainly to shareholders on or about August
20, 2003,  concerning a proposal to increase the authorized  number of shares of
common  stock from  250,000,000  shares to  2,000,000,000  shares.  Holders of a
majority of the shares of outstanding common stock as of the record date, August
13, 2003, have indicated that they will be voting in favor of the proposal.


ITEM 5.  EXHIBITS

         (a) Exhibits

Exhibit No.   Description
-----------   -----------

2.1           Asset  Purchase  Agreement  dated  June  28,  2002 by and  among e
              resources  inc, KRC  Communications,  Inc. and Keith Roy Chrimson.
              (9)

3.1           Articles of Incorporation,  filed with the Utah Secretary of State
              on March 8, 1987. (8)

3.2           Articles of Amendment to the Articles of Incorporation, filed with
              the Utah Secretary of State on February 3, 1995. (8)

3.3           Articles of Amendment to the Articles of Incorporation, filed with
              the Utah Secretary of State on June 9, 1999. (8)

3.4           Articles of Amendment to the Articles of Incorporation, filed with
              the Utah Secretary of State on February 7, 2000. (8)



                                       18
<PAGE>

Exhibit No.   Description
-----------   -----------

3.5           Articles of Amendment to the Articles of Incorporation, filed with
              the Utah Secretary of State on Marcy 24, 2000. (8)

3.6           Articles of Amendment to the Articles of Incorporation, filed with
              the Utah Secretary of State on August 21, 2002. (1)

3.7           First Amended and Restated Bylaws of the Company. (3)

4.1           Securities Purchase Agreement, dated May 8, 2001. (2)

4.2           Form of Secured Convertible Debenture, dated May 8, 2001. (2)

4.3           Form of Stock Purchase Warrant, dated May 8, 2001. (2)

4.4           Registration Rights Agreement, dated May 8, 2001. (2)

4.5           Security Agreement, dated May 8, 2001. (2)

4.6           Guaranty and Pledge Agreement, dated May 8, 2001. (2)

4.7           Form of Secured Convertible Debenture, dated July 30, 2001. (3)

4.8           Form of Stock Purchase Warrant, dated July 30, 2001. (3)

4.9           Letter Agreement, dated March 29, 2002. (3)

4.10          Form of Secured Convertible Debenture, dated March 29, 2002. (3)

4.11          Form of Stock Purchase Warrant, dated March 29, 2002. (3)

4.12          Security Agreement, dated March 29, 2002. (3)

4.13          Securities Purchase Agreement, dated July 12, 2002. (4)

4.14          Form of Secured Convertible Debenture, dated July 12, 2002. (4)

4.15          Form of Stock Purchase Warrant, dated July 12, 2002. (4)

4.16          Registration Rights Agreement, dated July 12, 2002. (4)

4.17          Security Agreement, dated July 12, 2002. (4)

4.18          Form of Guaranty and Pledge Agreement, dated July 12, 2002. (4)

4.19          Letter Agreement, dated November 5, 2002.

99.1          Share Exchange Agreement  effective as of February 20, 2003 by and
              among Central Wireless,  Inc.,  Kenneth W. Brand,  Robert Sandburg
              and Michael Delin. (10)

31.1          Certification  of the Chief  Executive  Officer  and Acting  Chief
              Financial  Officer Pursuant to 18 U.S.C.  Section 1350, As Adopted
              Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.1          Code of Ethics and  Business  Conduct of Officers,  Directors  and
              Employees



                                       19
<PAGE>

(1)      Filed with the  Commission  on August 29, 2002, as an attachment to our
         Form SB-2 and incorporated by reference.

(2)      Filed with the  Commission on May 14, 2001 as an attachment to our Form
         8-K and incorporated by reference.

(3)      Filed with the Commission on May 8, 2002 as an attachment to our Annual
         Report on Form 10-KSB for the fiscal year ended  December 31, 2001, and
         incorporated by reference.

(4)      Filed with the Commission on July 16, 2002 as an attachment to our Form
         8-K and incorporated by reference.

(5)      Filed  with  the  Commission  on  May  8,  2002,  and  incorporated  by
         reference.

(6)      Filed  with  the  Commission  on  May  23,  2002  and  incorporated  by
         reference.

(7)      Filed  with the  Commission  on August  19,  2002 and  incorporated  by
         reference.

(8)      Filed with the  Commission  on June 13,  2001 as an  attachment  to our
         Registration Statement on Form SB-2 and incorporate by reference.

(9)      Filed with the Commission on July 12, 2002 as an attachment to our Form
         8-K and incorporated by reference.

(10)     Filed with the Commission on March 6, 2003 as an attachment to our Form
         8-K and incorporated by reference

         (b) Reports on Form 8-K

         On March 6, 2003,  the Company filed a Current  Report on Form 8-K with
respect to Item 2 - Acquisition or Disposition of Assets, Item 6 - Regulation FD
Disclosure and Item 7 - Exhibits.

         On May 28, 2003,  the Company  filed a Current  Report on Form 8-K with
respect to Item 4-Change in Registrant's Certifying Accountant.



                                       20
<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated: August 14, 2003             CENTRAL WIRELESS, INC.

                                   By: /S/ Kenneth W. Brand
                                       -----------------------------------------
                                       Kenneth W. Brand
                                       Chief Executive Officer and Acting Chief
                                       Financial Officer





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