**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-QSB**

(Mark One)

[x]	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the quarterly period ended March 31, 2003

[ ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from		to

Commission file no. 0-15303

ABSS, CORP.

(Name of Small Business Issuer in its Charter)

Delaware						73-1215433

(State or Other Jurisdiction of					(I.R.S. Employer

Incorporation)							Identification No.)

P.O. Box 723244, Atlanta, GA 				31139

(Address of Principal Executive Offices)			(Zip Code)

(877) 768-2227

(Issuer's Telephone Number, Including Area Code)

Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange
Act during the past 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X]	No [ ]

State the number of shares outstanding of each of the issuer's classes of common equity as of the latest
practical date: As of March 31, 2003, the Issuer had 5,717,043 shares of common stock outstanding,
$0.001 par value.

ABSS, CORP.

Form 10-QSB

Quarterly Report

For The Period Ended March 31, 2003

INDEX

Page

Part     I  -  FINANCIAL INFORMATION							3

Item     1.     Financial Statements							F-1 -  F-7

Unaudited Interim Consolidated Condensed Balance Sheet

as of March 31, 2003 of ABSS, Corp. and Subsidiaries 						F-1

Unaudited Interim Consolidated Condensed Statement of Operations

for the Three Months Ended March 31, 2003 and March 31, 2002

for ABSS, Corp. and Subsidiaries								F-2

Unaudited Interim Consolidated Condensed Statements of Cash Flows for

the Three Months Ended March 31, 2003 and March 31, 2002 for

ABSS, Corp. and Subsidiaries									F-3

Unaudited Interim Consolidated Condensed Statements of Stockholders'

Equity for the Three Months ended March 31, 2003 and March 31, 2002 for

ABSS, Corp. and Subsidiaries									F-4

Notes to Unaudited Consolidated Interim Condensed Financial Statements		             F-5



Part 	II  -  OTHER INFORMATION							           4-5



Item	1.  Legal Proceedings									4

Item	2.  Changes in Securities								4

Item	3.  Defaults Upon Senior Securities							4

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

Item	5.  Other information									4

Item	6.  Exhibits										5

Signatures											5



Part I - FINANCIAL INFORMATION

Item 1.  Financial Statements

As used herein, the term "Company" refers to ABSS, Corp, a Delaware corporation, and its subsidiaries
and predecessors unless otherwise indicated.  Unaudited, consolidated condensed interim financial
statements including a balance sheet for the Company as of the quarter ended March 31, 2003 and
statements of operations, and statements of cash flows for the interim period up to the date of such
balance sheet and the comparable period of the preceding year are attached hereto as Pages F-1 through
F-5 and are incorporated herein by this reference.

**[THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]**

**ABSS, CORP. AND SUBSIDIARIES**

**UNAUDITED INTERIM CONSOLIDATED CONDENSED**

**BALANCE SHEET**

**AS OF MARCH 31, 2003**

|**ASSETS**                                                         
|-------------------------------------------------------------------
|                                                                   
|**CURRENT ASSETS**                                                 
|**Cash and cash equivalents**                                      
|                                                                   
|**Total current assets**                                           
|                                                                   
|**TOTAL ASSETS**                                                   
|                                                                   
|**LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)**                 
|                                                                   
|**CURRENT LIABILITIES**                                            
|**Accounts payable**                                               
|**Due to shareholder**                                             
|**Accrual for judgments, litigation and contingencies**            
|****                                                               
|**Total current liabilities**                                      
|                                                                   
|**Total liabilities**                                              
|                                                                   
|                                                                   
|**STOCKHOLDERS' EQUITY (DEFICIT)**                                 
|**Preferred stock, Series A, C & Redeemable**                      
|**All recalled and retired**                                       
|**Common stock**                                                   
|**$.001 par value, 20,000,000 shares authorized, 5,717,043 shares**
|**issued and outstanding as of March 31, 2003**                    
|**Additional paid-in capital**                                     
|**Retained earnings (deficit)**                                    
|                                                                   
|**Total stockholders' equity (Deficit)**                           
|                                                                   
|**TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)**           



**ABSS, CORP. AND SUBSIDIARIES**

**UNAUDITED INTERIM CONSOLIDATED CONDENSED**

**STATEMENT OF OPERATIONS**

**FOR THE THREE MONTHS ENDED MARCH 31,**

|                                                 |       | **2003**      |       | **2002**    
|------------------------------------------------ | ----- | ------------- | ----- | ------------
|                                                 |       |               |       |             
|**REVENUE**                                      | **$** | **-**         | **$** | **-**       
|**EXPENSES**                                     |       |               |       |             
|**Selling, general and administrative expenses** |       | **8,000**     |       | **17,733**  
|                                                 |       |               |       |             
|**Total expenses**                               |       | **8,000**     |       | **17,733**  
|                                                 |       |               |       |             
|**INCOME (LOSS) FROM OPERATIONS**                |       | **(8,000)**   |       | **(17,733)**
|                                                 |       |               |       |             
|**OTHER INCOME** **(EXPENSES)**                  |       |               |       |             
|**Write down of long-term assets impaired**      | ****  | **-**         | ****  | -           
|**Gain on disposal of equipment**                | ****  | **-**         | ****  | -           
|**Gain on cancellation of debt**                 | ****  | **141,232**   | ****  | -           
|**Provision for litigation**                     |       | -             |       | -           
|                                                 |       |               |       |             
|**Total other income (expenses)**                |       | **141,232**   | ****  | -           
|                                                 |       |               |       |             
|**NET INCOME (LOSS) BEFORE INCOME TAXES**        |       | **133,232**   |       | **(17,733)**
|                                                 |       |               |       |             
|**PROVISION FOR INCOME TAXES**                   |       | **-**         |       | **-**       
|                                                 |       |               |       |             
|**NET INCOME (LOSS)**                            | **$** | **133,232**   | **$** | **(17,733)**
|                                                 |       |               |       |             
|                                                 |       |               |       |             
|BASIC AND DILUTIVE EARNINGS (LOSS) PER SHARE     |       |               |       |             
|                                                 |       |               |       |             
|NET EARNINGS (LOSS) PER SHARE                    | **$** | **(0.02)**    | **$** | **(0.14)**  
|                                                 |       |               |       |             
|**WEIGHTED AVERAGE COMMON SHARES**               |       |               |       |             
|                                                 |       |               |       |             
|Basic and dilutive common shares                 |       | **5,717,043** |       | **127,509** 

**ABSS, CORP. AND SUBSIDIARIES**

**UNAUDITED INTERIM CONSOLIDATED CONDENSED**

**STATEMENTS OF CASH FLOWS**

**FOR THE THREE MONTHS ENDED MARCH 31,**

|                                                           |       | **2003**      |       | **2002**    
|---------------------------------------------------------- | ----- | ------------- | ----- | ------------
|                                                           |       |               |       |             
|**CASH FLOWS FROM OPERATING ACTIVITIES**                   |       |               |       |             
|**Net income (loss)**                                      | **$** | **133,232**   | **$** | **(17,733)**
|**Adjustments to reconcile net income (loss) to net cash** |       |               |       |             
|**provided (used) by operating activities:**               |       |               |       |             
|**Cancellation of debt**                                   |       | **(141,232)** |       | **-**       
|**Changes in assets and liabilities:**                     |       |               |       |             
|**Increase (decrease) in accounts payable**                |       | **8,000**     |       | **(3,000)** 
|**Net Cash provided (used) by operating activities**       |       | -             |       | **(20,733)**
|                                                           |       |               |       |             
|**CASH FLOWS FROM INVESTING ACTIVITIES**                   |       |               |       |             
|                                                           |       |               |       |             
|Net cash provided (used) by investing activities           |       | **-**         |       | -           
|                                                           |       |               |       |             
|**CASH FLOWS FROM FINANCING ACTIVITIES**                   |       |               |       |             
|**Increase (decrease) in due to shareholder**              |       | **113,794**   |       | **-**       
|**(Cancellation) of debt due to shareholder**              |       | **(113,794)** |       | **-**       
|                                                           |       |               |       |             
|**Net cash provided (used) by financing activities**       |       | **-**         |       | **-**       
|                                                           |       |               |       |             
|**(DECREASE) IN CASH AND CASH EQUIVALENTS**                |       | -             |       | **(20,733)**
|                                                           |       |               |       |             
|**CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD**         |       | **-**         |       | **24,074**  
|                                                           |       |               |       |             
|**CASH AND CASH EQUIVALENTS, END OF PERIOD**               | **$** | **-**         | **$** | **3,341**   
|                                                           |       |               |       |             
|**SUPPLEMENTAL CASH FLOWS DISCLOSURE:**                    |       |               |       |             
|**Cash paid for interest**                                 | **$** | **-**         | **$** | ****-       
|**Cash paid for taxes**                                    | $     | -             | **$** | -           
|                                                           |       |               |       |             
|**NON CASH ITEMS:**                                        |       |               |       |             
|**Debt cancellation-Accounts payable**                     | **$** | **27,438**    | **$** | **-**       
|**Debt cancellation-Due to Shareholder**                   | **$** | **113,794**   | **$** | ****-       

**ABSS, CORP. AND SUBSIDIARIES**

**UNAUDITED INTERIM CONSOLIDATED CONDENSED**

**STATEMENTS OF STOCKHOLDERS' EQUITY**

**FOR THE THREE MONTHS ENDED MARCH 31, 2003 and 2002**





|                                              | **Common Stock** | **Additional**

**Paid-in**

**Capital** | ****
Accumulated

**(Deficit)** | ****
Net Equity

**(Deficiency)******
|--------------------------------------------- | ---------------- | ---------------------------------------- | ------------------------------- | -------------------------------------
|**Shares**                                    | **Amt**         
|**Balance December 31, 2001**

**(RESTATED)** | 127,509          | $128                                     | $ 8,121,984                     | $(9,546,309)                         
|**Stock issued for services******             | 5,589,534        | 5,589                                    | 69,157                          | -                                    
|**Net Income (loss) for the period******      |                  |                                          |                                 | (96,806)                             
|**Balance December 31, 2002******             | 5,717,043        | 5,717                                    | 8,191,141                       | (9,643,115)                          
|**Net Income (loss) for the period******      |                  |                                          |                                 | 133,232                              
|**Balance March 31, 2003******                | 5,717,043        | $5,717                                   | 8,191,141                       | (9,509,883)                          

**ABSS, CORP. AND SUBSIDIARIES**

**NOTES TO UNAUDITED CONSOLIDATED INTERIM**

**CONDENSED FINANCIAL STATEMENTS**

**FOR THE PERIODS ENDED MARCH 31, 2003**

**NOTE 1 - BASIS OF PRESENTATION**

The interim financial statements at March 31, 2003 and for the three month periods ended March 31, 2003 and 2002
are unaudited, but include all adjustments which the Company considers necessary for a fair presentation.

The accompanying unaudited financial statements are for the interim periods and do not include all disclosures
normally provided in annual financial statements, and should be read in conjunction with the Company's Form 10-KSB for the year ended December 31, 2002.  The accompanying unaudited interim financial statements for the three
month periods ended March 31, 2003 and 2002, are not necessarily indicative of the results which can be expected
for the entire year.

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

**NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*Principles of Consolidation*

The accompanying consolidated financial statements include the accounts of its wholly owned subsidiaries.  All
intercompany balances and transactions have been eliminated.



**NOTE 3 -SUBSEQUENT EVENTS**

On or about March 17, 2003 the Company agreed not to close on the pending acquisition of Sheila Allen-Styles and
at the same time discontinue its operations.  The Company is currently pursuing new business combinations.

The majority shareholder is a corporation wholly owned by a director of the Company.  It owns approximately
69.63% of the Company.  This corporation and the President of the Company are negotiating to sell their stock in the
Company to an unrelated party.  This pending sale is expected to close before May 31, 2003.  Upon closing, the new
party will own about 76.39% of the total shares outstanding of the Company.  There can be no assurance that this
transaction will occur.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations

The Company had no revenue during the first quarter of 2003.  Due to general market conditions and difficulties in
obtaining the funding needed to execute its fashion related business plan, the Company decided, on or about March
10, 2003, not to continue with its pending acquisition of Sheila Allen-Styles.  The Company has discontinued its
operations and is currently pursuing new business combinations.

Part II - OTHER INFORMATION

Item 1.  Legal Proceedings

The Company has been sued in connection with its acquisition of Silver Valley Energy (SVE).  In addition, in
October 2000 the Company received a default judgment in the amount of $960,000.  The Company is attempting to
negotiate a non-monetary settlement.

The Company has been sued by the former Chief Executive Officer of BidInvite, Inc.  The lawsuit is filed in the
Superior Court of the State of Delaware, Sussex County, entitled "David Venables v Unico, Inc. and BidInvite.com,
Inc., Case No. OOC-11-015 THG."  The case is a claim for unpaid wages and breach of contract.  On December 12,
2000 Venables obtained a judgment by default (for failure to respond to the Complaint) against Unico, Inc. and
BidInvite.  The amount of the judgment is $1,360,000.  Management believes that the suit can be settled on
favorable terms out of court.

NexGen has alleged that the Company is in default with respect to its $200,000 note payable issued in connection
with its acquisition of The Independent News.  At December 31, 2000 $156,000 remained unpaid.  At December 31,
2001 the $156,000 unpaid balance was written off as management believes that certain financial misrepresentation
were made in connection with its acquisition of The Independent News.  Nothing has been heard from NexGen for
over two years.  Legal Counsel indicates it does not appear likely that NexGen will be taking any affirmative action.

The Company is also named in a lawsuit against Independent News (now defunct) for bills due and owing for the
printing of the prior Independent News.  Legal counsel indicates that Independent News, now defunct, would not
pay it and that it would be difficult, if not impossible, for the plaintiff to show liability on behalf of the Company
(Unico) as a separate operating corporate entity to be responsible for the bills and obligations of the Independent
News.

Management estimates that the costs to settle these judgments and lawsuits for the Company should not exceed an
aggregate of $1,200,000.  Accordingly, the accrual for litigation and judgments is recognized in the Company's
financial statements at $1,200,000.

Item 2.	Change of Securities

No changes in securities have occurred since the Company's last report as of December 31, 2002.

Item 3.  Defaults Upon Senior Securities

No defaults upon senior securities have occurred since the Company's last report as of December 31, 2002.

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

None.

Item 5.  Other information

None.

Item 6.  Exhibits

Exhibit 99.1 	Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002

Exhibit 99.2	Certification of Chief Executive Officer and Chief Financial Officer

Signatures

Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed in its behalf by the undersigned, thereunto duly authorized, on November 18, 2002.

ABSS, Corp.

Registrant

/s/ Benny Blom

Benny Blom

Director and CEO

**EXHIBIT 99.1**

**CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report of ABSS, Corp., (the "**Company**") on Form 10-QSB for
the period ending June 30, 2002, as filed with the Securities and Exchange Commission on the date hereof
(the "**Report**"), the undersigned Chief Executive Officer and Chief Financial Officer of the Company
hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act 2002 that (based on their knowledge): (1) the Report fully complies with the requirements of
Section 13(a) of 15(d) of the Securities Exchange Act of 1934, and (2) the information contained in the
Report fairly presents, in all material respects, the financial condition and results of operations of the
Company as of and for the periods covered in the Report.



/s/ Benny Blom

Benny Blom, Chief Executive Officer

and Chief Financial Officer

**EXHIBIT 99.2**

**CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER**

I, Benny Blom, being the Chief Executive Officer and Chief Financial Officer of ABSS, Corp., certify that:

1.  I have reviewed this quarterly report on Form 10QSB of ABSS, Corp.;

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

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

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

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

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

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

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

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

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



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

Date:   May 12, 2003

/s/ Benny Blom

Benny Blom, Chief Executive Officer

and Chief Financial Officer