SECURITIES  AND  EXCHANGE  COMMISSION
                         WASHINGTON,  D.C.  20549

                              FORM  10-KSB

(X)      Annual  Report Under Section 13 or 15(d) of the Securities Exchange Act
         of  1934

         For  the  Fiscal  Year  Ended  March  31,  2002

( )      Transaction Report Under Section 13 or 15(d) of Securities Exchange Act
         of  1934

         For  the  transition  period  from  ______  to  ______

Commission  File  Number:  000-24189

                     INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
 (Exact  Name  of  Small  Business  Registrant  as  Specified  in  its  Charter)

             Delaware                                       65-0488983
(State  or  other  jurisdiction  of               (IRS  Employer  Identification
 Incorporation  or  Organization)                         Number)

             3163  Kennedy  Boulevard,  Jersey  City,  New  Jersey  07306
                  (Address  of  Principal  Executive  Offices)

Registrant's  Telephone  Number:  (201)  217-4137

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

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

Indicate  by  check  mark whether the Registrant (1) has filed all documents and
reports  to  be  filed  by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the past 12 months (or such shorter period that the Registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements  for  the  past  90  days.

                          YES  ( )       No  (X)

Indicate  by  check  mark if no disclosure of delinquent filers pursuant to Item
405  of  Regulation  S-B  is  contained  in  this form and no disclosure will be
contained,  to  the  best  of  registrant's  knowledge,  in  definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to  this  Form  10-KSB.   [X]

State  Registrant's  revenues  for  its  most  recent  fiscal  year:  $45,800

State  the  aggregate  market  value  of the voting stock held by non-affiliates
computed  by  reference to the price at which the stock was sold, or the average
bid  and  asked  prices  of  such  stock,  as  of  August  8,  2001:  $  796,905

APPLICABLE  ONLY  TO  CORPORATE  REGISTRANTS

The  number of shares outstanding of the Registrant's sole class of Common Stock
as  of  March  31,  2002  were  8,894,964.




<PAGE>  1
FORWARD-LOOKING  STATEMENTS

This  Report  on  Form 10-KSB contains certain forward-looking statements. These
forward  looking  statements  include  statements  regarding  (i)  research  and
development  plans,  marketing  plans,  capital and operations expenditures, and
results  of  operations;  (ii) potential financing arrangements; (iii) potential
utility  and  acceptance of the Registrant's existing and proposed products; and
(iv)  the  need  for,  and  availability  of,  additional  financing.

The forward-looking statements included herein are based on current expectations
and  involve  a  number  of  risks   and  uncertainties.  These  forward-looking
statements  are  based  on  assumptions  regarding  the  business of Interactive
Multimedia  Network, Inc., the ("Company"), which involve judgments with respect
to,  among  other  things, future economic and competitive conditions and future
business  decisions,  all  of  which  are  difficult  or  impossible  to predict
accurately and many of which are beyond the control of the Company. Although the
Company  believes that the assumptions underlying the forward looking statements
are  reasonable,  any  of the assumptions could prove inaccurate and, therefore,
actual results may differ materially from those set forth in the forward-looking
statements.













(This space left intentionally blank.)




























<PAGE>  2
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

                                TABLE  OF  CONTENTS

     PART  I                                                               PAGE

ITEM  1.     DESCRIPTION  OF  BUSINESS                                       4
ITEM  2.     DESCRIPTION  OF  PROPERTY                                       6
ITEM  3.     LEGAL  PROCEEDINGS                                              6
ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS     7

     PART  II

ITEM  5.     MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
             STOCKHOLDER MATTERS                                             7

ITEM  6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
             AND  RESULTS  OF  OPERATION                                     9

ITEM  7.     FINANCIAL  STATEMENTS                                          11

ITEM  8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
             AND  FINANCIAL  DISCLOSURE                                     24


     PART  III


ITEM  9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT       24

ITEM  10.    EXECUTIVE  COMPENSATION                                        25

ITEM  11.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
             AND MANAGEMENT                                                 26

ITEM  12.    CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS             26

     PART  IV


ITEM  13.    EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
             ON FORM 8-K                                                    27

SIGNATURES                                                                  28
















<PAGE>  3
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

                                     PART  I

Item  1.  Description  of  Business

Background

     The  Company  was incorporated in the State of New Jersey on March 4, 1994.
On  June  13, 1995, the New Jersey corporation migrated to Delaware via a merger
with a Delaware corporation formed for  that purpose. There are 5,000,000 shares
of preferred stock authorized of which none are presently issued and outstanding
and  there  are  25,000,000 shares of common stock authorized of which 8,894,964
were  issued  and  outstanding  as  of  March  31,  2002.

     The Company discontinued its automotive sales operations, effective October
2001,  which  was  operated  by  the  Company's  two  wholly-owned  subsidiaries
AutoSmart USA, Inc. and AutoSmart USA Leasing, Inc.  The downturn in  automotive
sales after the tragedy of September 11, 2001, the subsequent  overall recession
in the economy and the onslaught of  manufacturer subsidized  financing options,
effectively negated the competitive advantage enjoyed by this operation.

     The  Company  had  acquired  an  80% interest in Contracting, Planning  and
Management  Associates,  Inc., through the Company's wholly-owned subsidiary CPM
Associates.  This  business  operation  is no longer active, however,  prior  to
its  Chapter  7  Bankruptcy  proceeding,  it  operated  the  architectural  wood
products  and  store  fixture  business  of  the  Company.

     The Company  has begun  to refocus  on the  marketing and sale of  consumer
products. The Company intends to seek innovative consumer products in a range of
areas but all must share these basic tenets: they must have global appeal;  they
must meet the needs of an underserved market; and they must offer the  potential
of sustainable  revenue and  profitability.  One primary focus is the health and
wellness market  where all  products must  additionally have long-term  wellness
benefits.

     The  principal executive offices of the Company are located at 3163 Kennedy
Boulevard,  Jersey  City,  New Jersey, tel. (201) 217-4137.  The Company's stock
symbol  on  the  Over-the-Counter  Bulletin  Board is "IMNI".

Business

     Interactive  Multimedia  Network is a  vertically-integrated  company  that
specializes in product development, brand development, new product  introduction
and cross-media marketing.  To address today's challenging business environment,
the Company has broadened its horizons into the areas of traditional, electronic
and direct-to-consumer marketing.

     The Company's primary business  activity  is marketing and branding through
multiple media channels for the purpose of  facilitating  sales of  a variety of
products and services.  The Company  markets products and services primarily for
itself (85%) and for  others  (15%).  In  both  cases  it  utilizes  Interactive
Convergence, which is the  simultaneous utilization of television, the  Internet
and retail exposure to promote a product or service.  The Company  uses multiple
channels of  distribution,  such  as the  Internet,  online  computer  services,
broadcast,  cable  and  satellite  television  and  retail  exposure,  for   the
introduction of new products, new services, inventions and concepts. In addition
to marketing it's own products, it markets other  people's  products or services
for a fee.  The Company derives its revenue from (i) fees charged for  marketing

<PAGE>  4
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

services,  business and  branding  consulting,  advertising services,  etc.;(ii)
marketing  fees  charged to clients  for placement of  products or  services  in
Company owned web  sites; (iii) commissions  earned by the Company based  on the
sale of its clients' products or services;  and (iv)  wholesale and retail sales
of Company owned products.

     For  its clients,  the Company provides complete business modeling, product
development and marketing plans enabling individuals  or entities  that contract
with the Company a business development and an advertising program  specifically
tailored  to  their  products  or  services  and  their  budget.  This  includes
recommended  media  buys,   target  demographics,  print,  television,  Internet
advertising and other necessary information and plans to attempt to successfully
bring  that  product  or service to market. Certain larger clients only  require
that the Company design and  produce a web site for  them to host on their  own.
Others require the Company to also host the  site, provide all of the  necessary
e-commerce  tools  and provide  the telemarketing/customer  service functions as
well.  For small to medium size  companies the  Company  can  function as  their
marketing  department  and  for  larger  companies  the Company can  function to
augment  their existing marketing  programs.  The Company  uses television,  the
Internet  and  retail  exposure  simultaneously,  to  promote  sales  and  brand
awareness  for its clients' products and services.  One avenue which the Company
uses  is   through   the   Internet   web   site   known   as   Shop-the-Net.com
(www.shop-the-net.com),  which  is  a  site  owned  and operated by the Company.
"Shop-The-Net"'  is  a  virtual shopping mall available over the World Wide Web.
In  this mall, the Company rents showroom space to companies and individuals.  A
showroom is a section of the mall wherein a client's product and/or services are
highlighted  and  available  for  sale.   There  are  approximately  45  clients
represented  in Shop-the-Net.com, offering approximately 500 different products.
The  Company  derives  revenue  through Shop-the-Net.com from (i) placement fees
charged  to clients for being in the Shop-the-Net web site; and (ii) commissions
earned   through   the   sale   of  clients'   products  or   services   through
Shop-the-Net.com.  During  the  fiscal  year ended March 31, 2002 less  than  5%
of  the  Company's  revenue  was  derived  from  Shop-the-Net.com.

     In  February  1999,  the  Company  formed  two  wholly-owned  subsidiaries,
AutoSmart USA,  Inc.,  a  Nevada  corporation  and  AutoSmart USA Leasing, Inc.,
a  Florida corporation,  collectively,  AutoSmartUSA.  AutoSmartUSA  was  formed
to sell cars, trucks   and  sport  utility  vehicles  through  the  Internet  at
another of the Company's  websites,  www.autosmartusa.com, and through a walk-in
automobile showroom  that was located in Lauderhill, Florida.  This business was
discontinued because of the downturn  in automotive  sales after the  tragedy of
September 11,  2001  and  the  onslaught of  manufacturer  subsidized  financing
options effectively negated the competitive advantage enjoyed by this operation.

     Specifically,  AutoSmartUSA's  primary  revenue  was  from the Finance  and
Insurance or F & I component  of the  automotive  sales industry.  It could only
participate in the F & I component of the sale if AutoSmartUSA was arranging for
the financing, lease or loan, of its customers' vehicle.  In the last quarter of
2001 most of the  new car  manufacturers were  aggressively  offering low  or no
finance  charge  financing  options  on  their new and  in  some cases  used  or
pre-owned vehicles.  AutoSmartUSA could not  participate in  these  transactions
because it was not a franchised new vehicle dealer, it was an independent dealer
with no direct  affiliation with any  manufacturer.  As such it  could not offer
these financing options to its clients.  To best service  the client,  it had to
turn them  over to  the franchised  dealers  in its network  and at best  earn a
referral fee.  These types of fees were  not sufficient to sustain the operation
so it was closed in October of 2001.

<PAGE>  5
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002


     The Company's revenue comes from  the sale of its own marketing services to
clients and the  wholesale and  retail sale of its own products.  In the  twelve
month period ended  March 31, 2002, AutoSmartUSA accounted for 0% of revenue and
the core marketing business accounted for $45,800 (or 100% of revenue).

Employees

     As  of  March  31,  2002,  the  Company had 2 employees of  which  2 are in
Management.  The  Company utilizes the  services of independent  contractors and
subcontracts employees for support functions.  The  Company  believes  that  its
labor  relations  are  good.  No  employee  is represented  by  a  labor  union.

Item  2.  Description  of  Property

     The  Company's  principal  executive  offices  are  located at 3163 Kennedy
Boulevard, Jersey City, New Jersey 07306 in 1,000 square feet of office space on
a month to month basis.  Verdiramo & Verdiramo, P.A., a law firm operated by the
Company's  former president, who is also the father of the current president and
the  other  partner  of this firm is Vincent S. Verdiramo, the son of Vincent L.
Verdiramo  and  the  brother  of  the  Company's  current  president, Richard J.
Verdiramo.  Although  Verdiramo  & Verdiramo, P.A. has agreed not to charge rent
and  is  not expecting payment from the Company for the office use, an amount of
$1,200 has been reflected in the financial statements as rent  expense, which is
offset  to  Paid  in Capital in the same amount for the fiscal years ended March
31, 2002 and 2001.

     The  Company  believes  that  its  property  is  adequate for  its  present
needs  and  that  suitable  space  will  be  available to accommodate its future
needs.

Item  3.  Legal  Proceedings

     The  Company  is  involved in several lawsuits of which it itself is  party
to two lawsuits.  It's AutoSmartUSA subsidiary is party to five (5).

     AutoSmartUSA's former  landlord,  Pompano Motor Co.,  in the 17th  Judicial
Circuit, brought the first suit.  The claim and  counterclaim are  pending.  The
Company is being sued as the guarantor of AutoSmartUSA's  lease.  The  potential
value of this suit is  $82,641.99 plus  280,000 shares of  the Company's  common
stock, plus costs and fees, etc.  Management and its attorneys believe that this
case  will be  handled in  the ordinary  course of  business.  The  Company,  in
reliance on its  counsel,  believes that  it has a  meritorious defense  to  the
complaint and intends to  vigorously  defend this  suit.  Potentially this  suit
will be dismissed or at  the least  be settled  at a value  substantially  lower
that the original claim.

    Wachovia Bank, in the Superior Court of New Jersey, Law Division, Burlington
County against  the  Company  and  Vincent L. Verdiramo,  the  Company's  former
president, has brought the second suit . This suit is demanding  repayment  of a
business loan that had an original value of $25,000 plus interest and fees.  The
Company and Mr. Verdiramo have answered this suit denying all claims that either
Vincent L. Verdiramo executed a certain  note and guarantee  or that the Company
authorized the transaction.  Management and its  counsel believe  that this case
will be handled in the  ordinary  course  of business  and will  potentially  be
dismissed predicated on its filing of a motion for summary judgment.


<PAGE>  6
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

     The Company's subsidiary AutoSmart USA Leasing, Inc., is  involved in  five
(5) lawsuits with various vendors that it transacted  business with while it was
in operation.  These  cases  revolve  around  certain  automotive sales  related
transactions and are between AutoSmartUSA and certain automotive dealerships and
lenders.  These cases do not name the Company as a party.  All cases  are in the
state of Florida with  three (3) in the 17th  Judicial Circuit, Broward  County,
one (1)in the 15th Judicial Circuit, Palm Beach County and one (1) 11th Judicial
Circuit, Dade County.  The cumulative contingent liability against the Company's
AutoSmart  USA  subsidiary  associated  with  these  lawsuits  is  $280,332.  At
present, AutoSmart USA has no assets, so  to the best of management's  knowledge
and belief, should the  plaintiffs in  any of  these  lawsuits  prevail  against
AutoSmart USA  the subsequent  outcome should  not impact  the  business  of the
Company.

Item  4.  Submission  of  Matters  to  Vote  of  Security  Holders

     No  matter  was  submitted  to a vote of security holders during the fourth
quarter  of  fiscal  year  2002.

                                    Part  II

Item  5.  Market  for  Common  Equity  and  Related  Stockholder  Matters

     The  Company's  Common  Stock  is traded on  the Over the Counter  Bulletin
Board  under the symbol  "IMNI".

The  following  bid  quotations  have  been  reported  for  the period beginning

                                HIGH                LOW
QUARTER  ENDED                  BID                 BID
-----------------------   ----------------    ----------------
March  31,  2000          $          0.10     $          0.10
June  30,  2000           $          0.10     $          0.07
September  30,  2000      $          0.10     $          0.05
December  31,  2000       $          0.07     $          0.05
March  31,  2001          $          0.06     $          0.05
June  30,  2001           $          0.42     $          0.04
September  30,  2001      $          0.20     $          0.07
December  31,  2001       $          0.15     $          0.01
March  31,  2002          $          0.46     $          0.01

     Such  quotations  reflect  inter-dealer  prices,  without  retail  mark-up,
mark-down  or  commission.  Such  quotes  are  not necessarily representative of
actual  transactions or of the value of the Company's securities, and are in all
likelihood  not  based  upon  any recognized criteria of securities valuation as
used  in  the  investment  banking  community.

     To  the  best of the Company's knowledge, from March 2001 to March 2002, no
broker-dealer  made  an  active market or regularly submitted quotations for the
Company's  stock,  and that during this period, there were only a de minimis and
infrequent  number  of  trades  and  de  minimis  trading  volume.  There  is no
assurance  that  an  active  trading  market  will  develop  which  will provide
liquidity for the Company's existing shareholders. The following information  is
from   the  National  Association  of  Securities  Dealers  Automated  Quotation
Service.



<PAGE>  7
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

     As of August 5, 2002,  there were 117 holders  of record of  the  Company's
common  stock.  Certain of the shares of common stock are held in  "street" name
and  may,  therefore,  be  held  by  several  beneficial  owners.

     As  of  March 31, 2002, there were 8,894,964 shares of Common Stock issued.
Of  those  shares  3,582,264  shares  are "restricted" securities of the Company
within  the  meaning  of  Rule 144(a)(3) promulgated under the Securities Act of
1933,  as  amended,  because  such shares were issued and sold by the Company in
private  transactions  not  involving  a  public  offering.

     In  general,  under  Rule  144,  as  currently  in  effect,  subject to the
satisfaction  of  certain  other conditions, a person, including an affiliate of
the  Company  (in  general,  a  person  who  has a control relationship with the
Company) who has owned restricted securities of common stock beneficially for at
least  one  year is entitled to sell, within any three-month period, that number
of  shares  of a class of securities that does not exceed the greater of (i) one
percent  (1%)  of the  shares  of that class then outstanding or, if  the common
stock is quoted on NASDAQ,  or (ii) the average  weekly trading  volume of  that
class during the four calendar weeks preceding such sale.  A person who has  not
been an  affiliate of the  Company for at  least the  three  months  immediately
preceding the  sale  and has  beneficially owned  shares of common  stock for at
least two  (2) years  is entitled  to sell  such shares  under Rule 144  without
regard to any of the limitations described  above.

     No  prediction  can  be made as to the effect, if any, that future sales of
shares  of common stock or the availability of common stock for future sale will
have on the market price of the common stock prevailing from time-to-time. Sales
of  substantial  amounts  of  common  stock on the public market could adversely
affect  the  prevailing  market  price  of  the  common  stock.

     The  Company  has  not  paid  a  cash  dividend  on  the common stock since
inception.  The  payment of dividends may be made at the discretion of the Board
of  Directors  of  the  Company  and  will  depend upon, among other things, the
Company's  operations,  its  capital  requirements,  and  its  overall financial
condition.

     In  October  2000, the Company issued 150,500 shares of common stock, under
Section  4(2)  of  the  Act, for settlement of computer and marketing consulting
services  in  the  amount of $75,250.  The Company also issued 550,000 shares of
common stock, under Section 4(2) of the Act, for settlement of $130,000 worth of
notes  payable.  Said  stock was issued to a non-affiliated accredited investor.

     In  February  2001,  the  Company  issued 1,000,000 shares of common stock,
under  Section  4(2)  of  the  Act,  for  settlement  of  computer and marketing
consulting  services in the amount of $52,768. Regarding these issuances two (2)
were  affiliates,  five  (5)  were  non-affiliates.

     In July 2001, the Company issued  74,000 shares of common stock.  Of  these
shares 49,000 shares were issued under Section 4(2) of the Act to non-affiliated
accredited investor  for marketing  consulting and  compensation for  automotive
sales related  services valued at  $ 27,000 and the balance,  25,000 shares were
issued pursuant  to Regulation S  for a direct investment  in the company  by an
unrelated entity owned by non-US resident in an off-shore transaction.

     In January 2002, the Company issued 140,000  shares of common stock,  under
Section 4 (2) of the Act in exchange for legal and marketing services  valued at
$ 21,000 to 4 non-affiliated individuals.

<PAGE>  8
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

In  March 2002,  the  Company issued  400,000 shares  of  common  stock  in
conjunction with a consulting agreement valued at $80,000.


Item  6.  Management's  Discussion  and  Analysis  or  Plan  of  Operation

     The  following  discussion  and analysis should be read in conjunction with
the  Financial  Statements  appearing  elsewhere  in  this  report.


RESULTS OF OPERATIONS

Twelve months ended March 31, 2002 and 2001

During  the  twelve  month period ending March 31, 2002, the Company incurred a
loss of $843,917 compared to a loss of $301,890 for the same period ended March
31, 2001.  The main component contributing to the decrease in loss from year to
year was the ceasing of  operations  of  our  wholly owned subsidiary AutoSmart
USA, Inc.

Revenues

During the twelve month period ending March 31,  2002,  the  Company's revenues
from  continuing  operations  $45,800 compared to $71,000 for the  same  period
ended March 31, 2001.  Revenues  are  principally from services and commissions
from providing marketing plans, services  related  to  the  internet  marketing
arena.  Revenues  from  marketing  and internet related activity are recognized
when the services are completed.

Operating Expenses

During the twelve months ended March 31, 2002, the company incurred $208,202 in
operating expenses from continued operations  as  compared  to  $379,322 in the
same period in 2001. This decrease was primarily driven in the area of selling,
general  and  administration where the company curtailed this activity  due  to
company's  cash   constraints.   Offsetting  the  decrease  were  increases  in
consulting services.

Other Income (Expense)

During the twelve months  ended  March  31, 2002 and 2001, the company recouped
$16,000  and  $40,000  respectively from a $253,  054  loss  on  investment  in
temporary business acquisition reflected in prior years.















<PAGE>  9
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

Material Changes In Financial Condition, Liquidity And Capital Resources

At March 31, 2002, the Company had $1,944 in cash and cash equivalents compared
to $118 for the same period  in  2001.   The  Company  had  a  negative working
capital  of  approximately  $819,000 at March 31, 2002 compared to  a  negative
$181,436  for the same period  in  2001.   The  Company's  operations  are  not
generating  sufficient  cash  to maintain its present operations.  During 2002,
monthly expenses have averaged approximately $28,000, which included activities
of our discontinued operations.   The  Company's  cash resources are determined
entirely on the volume of sales and services generated  and we currently cannot
estimate  how  much  they will contribute to our cash flow.   The  company  has
reviewed all non-essential  activities  and  expenditures  and has aggressively
curtailed  these  items  to  assist  in  reducing  the  cash used in  operating
activities.   To date we have reduced our monthly expenses  drastically.   With
the ceasing of  operations at AutoSmart USA, our monthly expenses are currently
below $5,000.  At  this lower "burn rate" we believe we can continue to provide
our current level or operations.









































<PAGE>  10
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

Item  7.  Financial  Statements

                               MARK COHEN C.P.A.
                           1772 East Trafalgar Circle
                              Hollywood, Fl  33020
                                (954) 922 - 6042
________________________________________________________________________________

                          INDEPENDENT AUDITORS' REPORT

Board of Directors
Interactive Multimedia Network, Inc.

We  have  audited  the  accompanying  consolidated balance sheet of Interactive
Multimedia Network, Inc. and subsidiaries as of March 31, 2002 and 2001 and the
related consolidated statements of income,  shareholders'  equity  (deficiency)
and  cash  flows  for  the  years  ended.   These financial statements are  the
responsibility of the Company's management.   Our  responsibility is to express
an opinion on these financial statements based on our audits.

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

In our opinion, the financial statements referred to above present  fairly,  in
all  material  respects,  the  consolidated   financial position of Interactive
Multimedia Network, Inc. and subsidiaries as of  March  31,  2002 and 2001, and
the  consolidated results of its operations and its cash flows  for  the  years
then ended,  in conformity with accounting principles generally accepted in the
United States of America.

The accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue as a going concern.  As discussed  in  Note  5  to  the
financial statements, the Company has experienced an operating loss that raises
substantial  doubt   about   its  ability  to  continue  as  a  going  concern.
Management's plans in regard to  these  matters  are  also described in Note 5.
The financial statements do not include any adjustments  that might result from
the outcome of this uncertainty.

/s/Mark Cohen C.P.A.
A Sole Proprietor Firm

Hollywood, Florida
August 8, 2002








<PAGE>  11
                             INTERACTIVE MULTIMEDIA NETWORK, INC.
                                 CONSOLIDATED BALANCE SHEET
<TABLE>
<CAPTION>
                                                           March 31, 2002  March 31, 2001
                                                           --------------  --------------

                                                        <c>             <c>
                                         ASSETS
Current Assets
  Cash and cash equivalents                                $       1,944   $         118
  Accounts Receivable - net                                          800             -
  Inventory                                                          -           148,571
  Other Current Assets                                               -               240
                                                           --------------  --------------
    Total current assets                                           2,744         148,930
                                                           --------------  --------------
Property and equipment, net                                       46,780          92,094
Other assets                                                         -            15,192
                                                           --------------  --------------
    TOTAL ASSETS                                           $      49,524   $     256,216
                                                           ==============  ==============

                          LIABILITIES AND SHAREHOLDER'S EQUITY
Current Liabilities
  Accounts payable                                               518,346         167,408
  Other current liabilities                                      303,593         162,958
                                                           --------------  --------------
     Total current liabilities                                   821,939         330,366
                                                           --------------  --------------

  Other Liabilities (principally related parties)                 74,909          63,956

Shareholder's Equity
  Preferred Stock, $.001 par value; authorized 5,000,000             -               -
    shares: issued and outstanding none in 2002 and 2001

  Common Stock, $.001 par value; authorized                        8,895           8,316
    25,000,000 shares; issued and outstanding 8,894,964 in
    2002 and 8,315,964 in 2001

  Paid in Capital                                              2,324,764       2,190,643
  Subscription Receivable                                            -               -
  Common Stock options; 2,000,000 issued and outstanding         330,000         330,000
  Accumulated Deficit                                         (3,510,982)     (2,667,065)
                                                           --------------  --------------
    Total Shareholder's Equity/(Deficit)                        (847,324)       (138,106)
                                                           --------------  --------------
    TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY             $      49,524   $     256,216
                                                           ==============  ==============
</TABLE>








Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.

<PAGE>  12
                             INTERACTIVE MULTIMEDIA NETWORK, INC.
                             CONSOLIDATED STATEMENT OF OPERATIONS
                          FOR THE YEARS ENDED MARCH 31, 2002 AND 2001


<TABLE>
<CAPTION>
                                                                     Years Ended
                                                           ------------------------------
                                                           March 31, 2001  March 31, 2000
                                                           --------------  --------------
<S>                                                        <C>             <C>
Revenue                                                    $      45,800   $      71,000
Cost of Revenue                                                      -               -
                                                           --------------  --------------
Gross Profit                                                      45,800          71,000
                                                           --------------  --------------

Operating expenses:
       Marketing                                                  28,035          13,900
       Consulting services                                       111,000          70,000
       Rent                                                        8,662           1,200
       Payroll and related benefits                                  -            24,150
       Selling, general and administrative expenses               60,504         270,071
                                                           --------------  --------------
          Total operating expenses                               208,202         379,322
                                                           --------------  --------------
          Loss before other income (expense)                    (162,402)       (308,322)

Other income (expense):
       Interest income                                               -               -
       Interest expense                                           (5,186)            -
       Other income                                                   44           1,487
       Loss on investment in Temporary Business Acquisition       16,000          40,000
                                                           --------------  --------------
          Total other income (expense)                            10,858          41,487
                                                           --------------  --------------

Income from continuing operations                               (151,544)       (266,835)

Discontinued operations:
  Income (Loss) from operations of discontinued subsidiary      (692,373)        (35,055)
                                                           --------------  --------------
Net Loss                                                   $    (843,917)  $    (301,890)
                                                           ==============  ==============

Basic weighted average common shares outstanding               8,390,980       6,942,796
                                                           ==============  ==============

Basic and diluted Loss per common share                    $      (0.101)  $      (0.043)
                                                           ==============  ==============
</TABLE>







Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.

<PAGE>  13
                          INTERACTIVE MULTIMEDIA NETWORK, INC.
                      CONSOLIDATED STATEMENT OF SHAREHOLDERS' DEFICIT
                                     MARCH 31, 2002


<TABLE>
<CAPTION>

                                                                                                                       Total
                                                                                                                       Share-
                         Preferred Stock              Common Stock                                                     holders'
                    --------------------------  --------------------------  Paid in       Stock         Accumulated    Equity/
                    Shares        Amount        Shares        Amount        Capital       Options       Deficit       (Deficit)
                    ------------  ------------  ------------  ------------  ------------  ------------  ------------  ------------
<S>                 <C>           <C>           <C>           <C>           <C>            <C>          <C>           <C>
Balance, April 01,
2000                        -     $        -      6,615,464   $     6,615   $ 1,933,126   $   330,000   $   (95,434) $ (2,365,175)

Issuance of common                                  150,500           151        75,100                                    75,250
stock for services

Issuance of common                                  550,000           550       129,450                                   130,000
stock in settlement of
notes payable

Issuance of common                                1,000,000         1,000        51,768                                    52,768
stock for services

Record non cash rent                                                              1,200                                     1,200
expense applied
against paid in
capital

Net loss twelve months                                                                                     (301,890)     (301,890)
ended March 31, 2001
                    ------------  ------------  ------------  ------------  ------------  ------------  ------------  ------------

Balance, ending March       -             -       8,315,964         8,316     2,190,643       330,000    (2,667,065)     (138,106)
31, 2001

Issuance of common                                  554,000           554       127,446                                    128,000
stock for services

Issuance of shares for                               25,000            25         5,475                                      5,500
settlement of
liabilities

Record non cash rent                                                              1,200                                      1,200
expense applied
against paid in
capital

Net loss twelve months                                                                                     (843,917)     (843,917)
ended March 31, 2002
                    ------------  ------------  ------------  ------------  ------------  ------------  ------------  ------------

Balance, ending March       -             -       8,894,964   $     8,895   $ 2,324,764   $   330,000   $(3,510,982)  $  (847,324)
31, 2002            ============  ============  ============  ============  ============  ============  ============  ============
</TABLE>






















Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.

<PAGE>  14
                          INTERACTIVE MULTIMEDIA NETWORK, INC.
                          CONSOLIDATED STATEMENT OF CASH FLOWS
                          FOR THE YEARS ENDED MARCH 31, 2002 AND 2001

<TABLE>
<CAPTION>
                                                                     Years Ended
                                                           ------------------------------
                                                           March 31, 2001  March 31, 2000
                                                           --------------  --------------
<S>                                                        <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)                                          $    (843,917)  $    (301,890)
Adjustments to reconcile net income (loss) to net
cash used in operating activities:
  Depreciation and amortization                                   33,307          25,239
  Issuance of stock for services                                 128,000         128,018
  Loss on Abandonment of Property                                 12,007             -
  Accrued interest - Shareholders loan                             5,186           4,737
  Office rent applied to paid in capital                           1,200           1,200
Changes in Operating assets and liabilities:
  Accounts Receivable                                               (800)          6,350
  Inventory                                                      148,571         (83,101)
  Other Current Assets                                               240          28,160
  Other Assets                                                    15,192             770
  Accounts Payable and Accrued Liabilities                       470,234         142,777
                                                           --------------  --------------
Net cash provided by/(used in) operating activities              (30,781)        (47,740)
                                                           --------------  --------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Property and equipment                                   -            (4,600)
Loss on writeoff of related party - Ansam, Inc.                      -               -
Loss on investment in Temporary Business Acquisition              16,000          40,000
                                                           --------------  --------------
Net cash provided by/(used in) investing activities               16,000          35,400
                                                           --------------  --------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from:
  Notes payable, principally related parties                         -             7,100
  Share subscriptions collected                                      -               -
  Loans from Shareholders                                          5,767          (5,600)
  Issuance of stock                                                  -               -
                                                           --------------  --------------
Net cash provided by/(used in) financing activities                5,767           1,500
                                                           --------------  --------------
Net increase (decrease) in cash and cash equivalents              (9,014)        (10,840)
Cash and cash equivalents, beginning of period                    10,958          10,958
                                                           --------------  --------------
Cash and cash equivalents, end of period                   $       1,944   $         118
                                                           ==============  ==============

SUPPLEMENTAL INFORMATION:
Issuance of shares in settlement of notes payables                   -           130,000
Issuance of shares in settlement of liabilities                    5,500             -
</TABLE>


Read the accompanying significant accounting notes to financial statements,
which are an integral part of this financial statement.

<PAGE>  15
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

      Interactive Multimedia Network, Inc. (the "Company") was organized in the
State of  New  Jersey  on  March  04,  1994  and reincorporated in the State of
Delaware  on  June  13,  1995.   The  Company's primary  business  activity  is
marketing through multiple media channels  for  the purpose of facilitating on-
line purchases of a variety of products and services.

      The  Company  has  two  subsidiaries:   AutoSmart  USA,  Inc.,  a  Nevada
corporation  and  AutoSmart  USA Leasing, Inc., a  Florida  corporation,  which
operate in tandem the vehicle  sales  operations  of  the  Company.  During the
fiscal year ended March 31, 2002, these two subsidiaries ceased operations.

     Interactive Multimedia Network, Inc. prepares its financial  statements in
accordance  with  generally  accepted  accounting  principles.   This basis  of
accounting  involves  the  application  of  accrual  accounting;  consequently,
revenues  and  gains  are  recognized when earned, and expenses and losses  are
recognized when incurred.  Financial statement items are recorded at historical
cost and may not necessarily represent current values.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

     The consolidated financial  statements include the accounts of the Company
and all of its wholly-owned subsidiaries. All significant intercompany accounts
and  transactions  have  been  eliminated in  consolidation.  The  consolidated
financial statements  do  not  include  the  accounts of  a subsidiary  which a
December 31, 1999  filed  Chapter  7 with the Bankruptcy Courts, since  control
was temporary.

Use of Estimates

      The  preparation  of  financial statements in conformity  with  generally
accepted  accounting principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts of assets and liabilities and
disclosure of contingent assets and liabilities  at  the  date of the financial
statements  and  the  reported  amounts  of  revenues and expenses  during  the
reporting period.  Certain amounts included in  the  financial  statements  are
estimated based on currently available information and management's judgment as
to  the  outcome of future conditions and circumstances.  Changes in the status
of certain  facts  or  circumstances  could  result  in material changes to the
estimates used in the preparation of financial statements  and  actual  results
could  differ  from  the  estimates  and  assumptions.  Every effort is made to
ensure the integrity of such estimates.

Fair value of Financial Instruments

      The carrying amounts reported in the balance  sheet  for  cash  and  cash
equivalents,  accounts  receivable,  other  receivables,  accounts  payable and
accrued  expenses and other liabilities approximate fair value because  of  the
immediate or short-term maturity of these financial instruments.

Inventories

     Inventories  are  stated  at the lower of cost or market determined by the
LIFO method and specific identification.


<PAGE>  16
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued):

Property and Equipment:

     Property and equipment are  stated  at cost less accumulated depreciation.
Depreciation  is computed using the straight-line  method  over  the  estimated
useful lives when the property and equipment is placed in service.

                                               Estimate Useful Life
                                                    (In Years)
                                               --------------------
     Furniture and fixtures                             7
     Equipment & Vehicles                               5
     Computer Equipment & Software                      3

     Leasehold  improvements are amortized over their estimated useful lives or
the estimated useful lives of the leasehold improvements, whichever is shorter.

     The cost of fixed  assets retired  or  sold,  together  with  the  related
accumulated  depreciation,   are   removed   from  the  appropriate  asset  and
depreciation  accounts, and the resulting gain  or  loss  is  included  in  net
earnings.  Maintenance and repairs are expensed as incurred.

     Repairs  and maintenance  are  charged  to  operations  as  incurred,  and
expenditures  for  significant  improvements  are  capitalized.   The  cost  of
property and equipment retired or  sold,  together with the related accumulated
depreciation, are removed from the appropriate asset and depreciation accounts,
and the resulting gain or loss is included in operations.

Revenue Recognition

      Revenues are principally from services  and  commissions  from  providing
marketing  plans, services related to the internet marketing arena and sales or
commissions  from the sale or lease of vehicles from dealers who have agreed to
provide these  vehicles  to  the  company  and  its  customer.   Revenues  from
marketing  and  internet  related activity are recognized when the services are
completed.  Revenues from the sale or lease of vehicles are recognized when the
vehicle is delivered to the customer.

     In December 1999, the  Securities  and  Exchange Commission ("SEC") issued
Staff  Accounting Bulletin No. 101 ("SAB 101"),  "Revenue  Recognition,"  which
provides guidance on the recognition, presentation and disclosure of revenue in
financial  statements  filed with the SEC.  SAB 101 outlines the basic criteria
that must be met to recognize  revenue  and  provide  guidance  for disclosures
related to revenue recognition policies.  Management believes that  Interactive
Multimedia Network, Inc.'s revenue recognition practices are in conformity with
the guidelines of SAB 101.

Earnings Per Share of Common Stock

     Earnings  (Loss) per common share are  calculated under the provisions  of
SFAS No. 128, "Earnings  per  Share," which establishes standards for computing
and presenting earnings per share.  SFAS No. 128 requires the Company to report
both basic earnings (loss) per  share,  which  is based on the weighted-average
number  of common shares outstanding during the period,  and  diluted  earnings
(loss) per  share,  which  is  based  on  the weighted-average number of common
shares  outstanding  plus  all potential dilutive  common  shares  outstanding.
Options and warrants are not  considered in calculating diluted earnings (loss)
per share since considering such items would have an anti-dilutive effect.
<PAGE>  17
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued):

Statement of Cash Flows

     For purposes of the statement  of  cash  flows,  the Company considers all
highly liquid instruments with original maturities  of three months or less  to
be cash equivalents.

Recent Accounting Pronouncements:

     The Statement of Financial  Accounting  Standards Board  (SFAS)  No.  141,
"Business Combinations," was issued by the Financial Accounting Standards Board
(FASB) in July 2001.  This Statement establishes  standards  for accounting and
reporting  for  business  combinations.  This statement requires  the  purchase
method of accounting to be  used  for  all business combinations, and prohibits
the pooling-of-interests method of accounting.  This Statement is effective for
all business combinations initiated after  June  30,  2001  and  supercedes APB
Opinion  No.  16,  "Business  Combinations"  as  well  as  Financial Accounting
Standards Board Statement of Financial Accounting Standards No. 38, "Accounting
for Preacquisition Contingencies of Purchased Enterprises."   The  adoption  of
this  statement  by the Company did not have a material impact on its financial
condition or results of operations.

     The Statement of Financial Accounting  Standards  Board  (SFAS)  No.  142,
"Goodwill  and Other Intangible Assets," was issued by the Financial Accounting
Standards Board  (FASB)  in July 2001.  This Statement addresses how intangible
assets that are acquired individually or with a group of other assets should be
accounted for in financial  statements  upon their acquisition.  This statement
requires goodwill amortization to cease and  for  goodwill  to  be periodically
reviewed  for  impairment, for fiscal years beginning after October  31,  2001.
SFAS No. 142 supercedes  APB  Opinion  No. 17, "Intangible Assets." The Company
does not expect the adoption of this statement to have a material impact on its
financial condition or results of operations.

     The Statement of Financial Accounting  Standards  Board  (SFAS)  No.  143,
"Accounting for Asset Retirement  Obligation,"  was  issued  by  the  Financial
Accounting Standards Board (FASB) in August 2001.  This Statement will  require
companies  to record a liability for asset retirement obligations in the period
in which they are incurred, which typically could be upon completion or shortly
thereafter.   The  FASB  decided to limit the scope to legal obligation and the
liability will be recorded  at  fair  value.  This  Statement  is effective for
fiscal  years beginning after June 15, 2002.  The Company does not  expect  the
adoption of this statement to have a material impact on its financial condition
or results of operations.

     The Statement of Financial Accounting  Standards  Board  (SFAS)  No.  144,
"Accounting for the Impairment or Disposal of Long-Lived Assets," was issued by
the  Financial  Accounting  Standards  Board  (FASB)  in  October  2001.   This
Statement  provides  a  single  accounting  model  for  long-lived assets to be
disposed of and replaces SFAS No. 121 "Accounting for the  Impairment  of Long-
Lived  Assets  and  Long-Lived  Assets  to  Be Disposed Of."  This Statement is
effective for fiscal years beginning after December 15, 2001.  The Company does
not expect the adoption of this statement to  have  a  material  impact  on its
financial condition or results of operations.





<PAGE>  18
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3 - DETAILS OF FINANCIAL STATEMENT COMPONENTS

                                                 March 31,
                                      ------------------------------
Property and Equipment:                     2002            2001
                                      --------------  --------------
Furniture and Fixtures                $       4,770   $      11,090
Equipment                                     5,134          17,140
Computer Equipment                           24,568          27,663
Software                                      1,626         105,100
Website                                      53,250          53,250
Leasehold Improvements                          -            11,025
                                      --------------  --------------
                                             89,350         225,268
Less:  Accumulated depreciation and
  amortization                               42,570         133,174
                                      --------------  --------------

  Property and equipment, net         $      46,780   $      92,094
                                      ==============  ==============

NOTE 4 - COMMITMENTS AND CONTIGENCIES

Legal Proceedings
     In September 2002, the Company's wholly owned subsidiaries, AutoSmart USA,
Inc.  and AutoSmart Leasing, Inc. ceased operations.  Due to unpaid obligations
to vendors,  AutoSmart  USA,  Inc.  is currently a party to several lawsuits in
which the total amount being requested for recovery from AutoSmart USA, Inc. is
approximately $280,332.

NOTE 5 - GOING CONCERN

  The accompanying financial statements have been prepared assuming the Company
will continue as a going concern.  The  company reported a net loss of $843,917
and  $301,890  for  the  years  ended March 31,  2002  and  2001  respectively.
Management anticipates that additional investments will be needed to develop an
effective sales and marketing program  before  the  organization  will generate
sufficient  cash  flow  from operations to meet current operating expenses  and
overhead.  Management has  continued  to develop a strategic plan  to develop a
management team, maintain reporting compliance  and seek new expansive areas in
marketing  through multiple media channels.  Management  intends  to  seek  new
capital from  new  equity security issuance's that will provide funds needed to
increase liquidity,  fund  internal  growth,  and  fully implement its business
plan.

NOTE 6 -  DISCONTINUED OPERATIONS

      In  September 2002, The Company ceased operations  at  its  wholly  owned
subsidiaries,  AutoSmart  USA, Inc. and AutoSmart Leasing, Inc.  The results of
those  businesses  have  been  reflected  as  Discontinued  Operations  in  the
accompanying consolidated  financial  statements.   Operating  results  of  the
dicontinued operations are as follows:

                                         2002          2001
                                     ------------  ------------
Net Sales                              1,350,673     1,773,832
Income before income taxes              (692,373)      (35,055)
Provision for income taxes                   -             -
Income from discontinued operations     (692,373)      (35,055)
<PAGE>  19
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 7 - RELATED PARTY TRANSACTIONS

      The Company has been involved in periodic transactions, whereby money has
been advanced  to  the former President of the Company and the former President
of the Company has advanced  money  to  the  Company.  As of March 31, 2002 the
Company was obligated to the former President for a total of $9,970.

      The Company routinely sends funds to Small  Business  Development  Group,
Inc. a  corporation  owned  solely  by  William  J.  Auletta.   These funds are
reimbursement  of  administrative  expenses  paid by Small Business Development
Group on behalf of Interactive Multimedia Network,  Inc  and  are  recorded  as
expenses in the Company's financial statements when incurred.

     Legal services to Interactive Multimedia Network, Inc. have been performed
by  Verdiramo  &  Verdiramo,  P.A..  This professional association is owned  by
Vincent L. Verdiramo, the former  President  of Interactive Multimedia Network,
Inc. and his son Vincent S. Verdiramo.  The cost  of  legal  services billed to
the Compnay for the year ended March 31, 2002 was $19,740.00.

     Verdiramo  & Verdiramo, P.A. is providing limited use of office  space  to
Interactive Multimedia  Network,  Inc..  Although Verdiramo &  Verdiramo,  P.A.
has agreed not to charge rent and is not expecting payment from the Company for
the office use, an amount has been reflected  in  the  financial  statements as
rent expense with an offset to Paid in Capital in the amount of $1,200  for the
fiscal year ended March 31, 2002 and $1,200 for the fiscal year ended March 31,
2001.

     The  Company has received loans and advances from stockholders during  the
year.  These  transactions  are  in  the form of unsecured demand loans bearing
interest of 8% per annum.  The balance  due  at March 31, 2002 is $74,909 which
includes approximately $9,923 accrued interest on these loans.


NOTE 8 - STOCKHOLDER'S EQUITY

Preferred Stock

     The company has 5,000,000 shares of preferred  stock  with  a par value of
$0.001, which to date have never been issued.  The preferred stock  contains no
voting  privileges  and  is  not  entitled to accrue dividends or convert  into
shares of the Company's common stock.

















<PAGE>  20
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8 - STOCKHOLDER'S EQUITY (Continued)

Common Stock

     In October 2000, the Company issued  150,500  shares  of  common stock for
services  rendered  in the amount of $75,250.  The Company also issued  550,000
shares of common stock  in  settlement  of  a  note  payable  in  the amount of
$130,000.

     In February 2001, the Company issued 1,000,000 shares of common  stock for
settlement of services in the amount of $52,768.

      In  July  2001,  the  Company  issued  49,000  shares of common stock for
services  rendered in the amount of $27,000.  The Company  also  issued  25,000
shares of common stock for a price of $0.22 per share totaling $5,500.

     In January  2002,  the  Company  issued 105,000 shares of common stock for
services rendered in the amount of $21,000.

     In  March  2002, the Company issued 400,000  shares  of  common  stock  in
conjunction with a consulting agreement valued at $80,000.

NOTE 9 - OPTIONS AND WARRANTS

     In December  1998,  Marion  Verdiramo, a related party, returned 2,000,000
shares of common stock to the Company as part of a capital restructuring and in
return received 2,000,000 common stock  options at $0.10 per share which can be
exercised  any  time during the subsequent  three  years.   This  exchange  was
believed to be beneficial  to  the Company as it reduced its outstanding float.
These options were valued at $330,000  based  upon  the  minimal  value  of the
common stock at the time of the options' issuance.

      Marion  Verdiramo  has  never  been  an  employee,  officer,  director or
independent consultant for the Company.  Marion Verdiramo converted a  loan  to
the  Company  for  2,000,000  shares of restricted common stock.  Subsequently,
those shares were never freed from  restrictive  legend  and  returned  to  the
Company.

NOTE 10 - INCOME TAXES

  The  Company  did  not provide any current or deferred United States federal,
state or foreign income  tax  provision  or  benefit  for  the period presented
because it has experienced operating losses since inception.   The  Company has
provided  a  full  valuation  allowance  on  the deferred tax asset, consisting
primarily of net operating loss carryforwards, because of uncertainty regarding
its realizability.













<PAGE>  21
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 11 - BUSINESS SEGMENT INFORMATION

     The Company's segment information has been  prepared  in  accordance  with
Financial  Accounting  Standards Board (FASB) Statement of Financial Accounting
Standards (SFAS) No. 131,  "Disclosures  about  Segments  of  an Enterprise and
Related Information."  Segments were determined based on products  and services
provided by each segment.  Accounting policies of the segments are the  same as
those described in the summary of significant accounting policies.  Performance
of  the segments is evaluated on operating income (loss) before taxes, interest
income  or  expense  and  other  income  or (loss).  The Company has elected to
organize  it  businesses  based  principally  upon   products   and   services.
Interactive  Multimedia  Network, Inc. has two reportable segments:  Marketing,
including services related  to  the  internet  marketing  arena  and  sales  or
commissions from the sale or lease of vehicles.

                     For year ended March 31, 2002
<table>
                                   Marketing and
                                   Internet
                                   Related       Discontinued  Corporate     Consolidated
                                   Services      Operations    and Other     Total
                                   ------------  ------------  ------------  ------------

                                <c>           <c>           <c>           <c>
Net sales to external customers    $    45,800   $ 1,350,673   $       -     $ 1,396,473
Segment operating profit (loss)         43,458      (692,373)     (162,402)     (811,317)
Segment assets                          49,524           -             -          49,524
Depreciation and amortization           17,856        15,451           -          33,307
Capital Additions                          -             -             -             -
Interest Income                            -             -             -             -
Interest Expense                           -             240         5,186         5,426
Loss on Investment of Temporary
  Investment                               -             -         (16,000)      (16,000)
</table>

                     For year ended March 31, 2001
<table>
                                   Marketing and
                                   Internet
                                   Related       Discontinued  Corporate     Consolidated
                                   Services      Operations    and Other     Total
                                   ------------  ------------  ------------  ------------

                                <c>           <c>           <c>           <c>
Net sales to external customers    $    71,000   $ 1,762,857   $       -     $ 1,833,857
Segment operating profit (loss)         22,252       (35,055)     (289,087)     (301,890)
Segment assets                          62,337       193,878           -         256,216
Depreciation and amortization            7,636        17,604           -          25,239
Capital Additions                          -           4,600           -           4,600
Interest Income                            -             -             -             -
Interest Expense                           -           1,190         4,737         5,927
Loss on Investment of Temporary
  Investment                               -             -         (40,000)      (40,000)
</table>







<PAGE>  22
                      INTERACTIVE MULTIMEDIA NETWORK, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 11 - BUSINESS SEGMENT INFORMATION (Continued)

The Company's operations by geographic area are as follows:

Net sales to external customers

                                                 For year ended March 31,
                                                --------------------------
                                                    2002          2001
                                                ------------  ------------
U.S. - continuedoperations                      $    45,800   $    71,000
U.S. - discontinued operations                  $ 1,350,673   $ 1,762,857
Other                                                   -             -
                                                ------------  ------------
                                                $ 1,396,473   $ 1,833,857
                                                ============  ============


Long-lived assets

                                                 For year ended March 31,
                                                --------------------------
                                                    2002          2001
                                                ------------  ------------
U.S.                                            $    46,780   $    92,094
Other                                                   -             -
                                                ------------  ------------
                                                $    46,780   $    92,094
                                                ============  ============






























<page>  23
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

Item  8.  Changes  in  and  Disagreements  with  Accountants  on  Accounting and
Financial  Disclosure

NONE

Item  9.  Directors  and  Executive  Officers,  Promoters  and  Control Persons;
Compliance  with  Section  16(a)  of  the  Exchange  Act

     The  following  table  sets  forth  the  directors  and  executive officers
of  the  Company.

Name                           Age     Position
--------------------------     ---     ---------------------------------
Richard  J.  Verdiramo          37     Director,  President,  CEO
Robert Gilbert                  60     Director,  Vice-President,  COO
Mari Bello                      36     Vice President of Marketing

BIOGRAPHIES

RICHARD  J.  VERDIRAMO is the President and CEO of the Company, a firm that has
specialized  in  interactive  marketing  development  and  e-commerce  business
solutions for clients. Mr. Verdiramo has extensive experience in the management
of brand development  and the marketing of consumer products. From 1988 through
1996,  Mr. Verdiramo operated  a  management  and  marketing  consultancy  that
focused  on  the development of marketing strategies for consumer products. Mr.
Verdiramo graduated from Providence College.

ROBERT J. GILBERT is the Vice President and COO of the Company. Mr. Gilbert was
President of Convenient  Solutions, Inc., a company formed by him that provided
products and training systems  to practitioners in the optical industry.  Prior
to his formation of Convenient Solutions,  Inc.,  in  1985, Mr. Gilbert founded
Colorlogic, a graphic arts consultancy, which provided  analytical  costing and
production  methods  to major international corporations based in the NY  metro
area.  In 1974, Mr. Gilbert  co-founded  Colortronics,  a  printing  and  color
separation business. Mr. Gilbert graduated from the University of Pittsburgh.

MARI  BELLO  is the Vice President of Marketing for the Company. With expertise
in consumer marketing,  business  development and in brand licensing, Ms. Bello
was  previously  with retailing giant  ColumbiaHouse.com,  the  online  venture
jointly owned by Sony  Music  and  Time  Warner,  as their Director of Co-brand
Marketing.  Prior to her online career, she was the  Vice  President of Product
Development and Global Sourcing then later as Vice President  of  Marketing for
Murjani,  International,  a retail and fashion firm responsible for the  public
offering of internationally  renown  label,  Tommy Hilfiger.  She holds a BS in
marketing from Newcastle Upon Tyne Poly-University in England.

William J. Auletta, Resigned as COO of the Company  in  June  2001. He remained
President  of  both  of the AutoSmart USA subsidiaries until their  closure  in
October 2001.

Board  of  Directors

     All  directors  of the Company hold office until the next annual meeting of
stockholders  and  until  their  successors  are  elected  and  qualified.




<PAGE>  24
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

     The  Company's  By-Laws  eliminate  the  personal liability of officers and
directors  to  the  fullest extent permitted by Delaware Law. The effect of such
provision  is  to require the Company to indemnify the officers and directors of
the  Company  for  any  claim  arising  against  such  persons in their official
capacities if such person acted in good faith and in a manner that he reasonably
believed to be in or not opposed to the best interests of the Company, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe
his  conduct  was  lawful.

     There  are  no  committees  of the Board, which acts as the full Board with
respect to any matter. No compensation is paid to any director, as such, for his
or  her  services,  but, by resolution of the Board of Directors, a fixed sum or
expense  for  actual  attendance at each regular or special meeting by the Board
may  be  authorized.

Compliance  with  Section  16(a)  of  the  Exchange  Act

     Based  solely  on  a  review  of Forms 4 and 5 furnished to the Company and
filed  with  the  Securities   and  Exchange  Commission  under  Rule   16a-3(e)
promulgated under the Securities Exchange Act of 1934, the Company believes that
all  directors,  officers and beneficial owners of more than 10% of any class of
equity  securities filed on a timely basis the reports required by Section 16(a)
of  the  Exchange  Act  during  the  most  recent  fiscal  year.

Item  10.  Executive  Compensation

     The  following  table reflects compensation for services to the Company for
the  fiscal  years  ended  March  31,  2002,  2001  and  2000  of  the executive
officers.  No  other  executive  officer  of  the  Company received compensation
which  exceeded  $100,000  during  this  period.

                       SUMMARY  COMPENSATION  TABLE
ANNUAL  COMPENSATION                          LONG  TERM  COMPENSATION
--------------------------------------------  --------------------------
Name  and                                       Other     Restricted
Principal                                       Annual    Stock
Position        Year  Salary  ($)   Bonus  ($)  Comp. ($) Awards  (1)($)
--------------  ----  -----------  ----------  ---------  --------------
Richard  J.      2002  $      -0-          -0-        -0-       -0-
 Verdiramo       2001  $   13,500          -0-        -0-    10,000
 VP/President(2) 2000  $   16,000          -0-        -0-       -0-

Robert G.        2002  $       -0-         -0-        -0-       -0-
 Gilbert
 COO,  VP (3)

Mari Bello       2002  $       -0-         -0-        -0-       -0-
VP (4)

(1)     In February 2001 the Board of Directors issued shares under Section 4(2)
of  the Securities Act to  Mr. Verdiramo for  services rendered  to the  Company
during  the  fiscal  year  ended March  31, 2001, this  award of  was valued  at
10,000.  In March 1999  the Board of Directors issued shares under  Section 4(2)
of  the Securities  Act  to  Mr.  Verdiramo or  prior services  rendered to  the
Company.  The value was determined by applying a 60% discount to the then market
price  of  the  Company's common shares during the same month,  due  to the  two
year  restriction placed on these shares  at  issuance and a lack of substantive
trading volume to absorb these shares.
<PAGE>  25
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

(2)     Richard  J.  Verdiramo  became  president  on  March  1,  2000  prior to
which  he  served  as  Vice  President.

(3)     Robert G. Gilbert joined the Company in February 2002 and serves as the
COO.

(4)  Mari Bello  joined the  Company  in  March 2002  and serves  as the  Vice
President of Marketing

Item  11.  Security  Ownership  of  Certain  Beneficial  Owners  and  Management

The  table below sets forth information with respect to the beneficial ownership
of  the  Common Stock by (i) each of the directors and executive officers of the
Company,  (ii)  each  person  known by the Company to be the beneficial owner of
five  percent  or  more of the outstanding Common Stock, and (iii) all executive
officers  and  directors  as  a  group,  as  of March 31, 2001. Unless otherwise
indicated,  the  Company  believes that the beneficial owner has sole voting and
investment  power  over  such  shares.

Title      Name  and  Address               Amount  and  Nature      Percent
of  Class  of  Beneficial  Owner            of Beneficial Ownership  of  Class
--------  --------------------------------  -----------------------  ---------
Common     Richard  J.  Verdiramo  (1)              600,000             6.75%
           3163  Kennedy  Boulevard
           Jersey City, New Jersey 07306

Common     Marion  H.  Verdiramo  (2)             3,400,930            38.23%
           3163  Kennedy  Boulevard
           Jersey City, New Jersey 07306

Common     Maria  Contini                           550,000             6.18%
           3163  Kennedy  Boulevard
           Jersey City, New Jersey 07306

Common     All Officers and Directors
           as  a  Group-  One Person                600,000             6.75%
----------------------
(1)     President  and  son  of  Marion  H.  Verdiramo
(2)     Mother  of  Richard  J.  Verdiramo.  Includes  2,000,000  currently
exercisable  stock  options.

Item  12.  Certain  Relationships  and  Related  Transactions

     The  Company  utilizes office space that is provided to it rent free by the
law  firm of Verdiramo & Verdiramo, P.A., which is owned and operated by Vincent
L.  Verdiramo,  and  Vincent  S. Verdiramo. Messrs. Verdiramo are the father and
brother  of  the  current  President, Richard J. Verdiramo. Although Verdiramo &
Verdiramo,  P.A. has agreed not to charge rent and is not expecting payment from
the Company for the office use, an amount of has been reflected in the financial
statements  as  rent  expense with is offset to Paid in Capital in the amount of
$1,200  For  the  Fiscal  Year  Ended  March  31,  2002.

     The  CPM  Acquisition  Agreement  called for the Company to fund CPM in the
amount  of  $350,000, which it did.  Concurrently, management of the Company and
CPM  met  unsuccessfully  with multiple possible lending sources in an effort to
secure  additional  financing  for  CPM.  The  initial funds put into CPM by the


<PAGE>  26
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

Company  were  unsecured  and  subject to the Chapter 11 Bankruptcy filing.  The
Company  determined to supply additional funds to CPM.  However, the funds could
not  be  secured  if  they  were  delivered  directly  to  CPM from the Company.
Accordingly,  under  advice of its bankruptcy counsel CPM sought and was granted
court  approval  to  obtain  secured  financing  from  an  affiliated party.  To
expedite the transfer and minimize expenses, the Company utilized Ansam Inc., an
affiliated  entity  owned  by  the Verdiramo family and controlled by Richard J.
Verdiramo,  the  President  and  CEO  of  the  Company.  Absent any other viable
alternative,  the  Company  loaned  $332,400  to  Ansam, Inc., which then passed
through  these funds directly to CPM under the direction of a court order issued
by  the Bankruptcy Court.  The court order placed Ansam's loan to CPM in a super
priority  position with the loan being collateralized by the accounts receivable
of  CPM.  Since that time, the Company has written off this loan in its entirety
due  to  management's  belief  that under CPM's Chapter 7 Bankruptcy filing, the
outstanding  receivables  to  be  collected  by  the  trustee  are  likely to be
compromised  to  a  high  degree.  Additionally  the Company's loan to Ansam and
Ansam's  loan to CPM are at a rate of 8% interest. At the time of this loan, the
Company's  management  and  the  management of CPM had been unable to secure any
other form of financing for CPM. Although the Board of Directors normal practice
is  to  seek  out third party transactions unless it is "110%" more favorable to
the  Company,  in  this  case there was no other alternative but for the Company
to loan  funds  to  Ansam, under the provisions of the court order and for Ansam
to  directly  loan  such  funds  under  the  same terms and conditions including
interest rate.  The Board determined that if these funds were not loaned in this
manner in reliance  on the court order issued by the Bankruptcy Court, than  the
operations of  CPM  would  have  ceased  during the  summer of  1999.  The  full
board voted to effect  these loans, including an unaffiliated Director,  William
J. Auletta.  The Company  had  no knowledge  that  the  Court  appointed Trustee
would decide to convert  CPM's  bankruptcy filing  from Chapter 11,  which would
have  preserved the  business and  the Company's  investment,  into a  Chapter 7
filing.

     Ansam  received  no  benefit  from this transaction in any manner. Ansam is
totally  reliant on the receipt of funds from CPM to repay the funds it borrowed
from  the  Company.  Ansam has  neither  other assets nor  any  active  business
operations from which to repay this loan.  Ansam has notified the Company of its
inability to  repay this loan, as such the entire amount has been written off by
the Company.

     Ansam  received  $56,000  from  the  Trustees  handling  the estate  of CPM
and  such  funds  were  immediately  returned  to  the  Company.

















<PAGE>  27
                       INTERACTIVE  MULTIMEDIA  NETWORK,  INC.
                              Report  on  Form  10-KSB
                     For  the  Fiscal  Year  Ended  March  31,  2002

                                    PART  III

Item  13.  Exhibits,  List  and  Reports  on  Form  8-K

(A)     Exhibits  required  by  Item  601     (1)

(3)(i)    Articles  of  Incorporation, Filed with 10SB12G, August 24, 1999
(3)(ii)   Bylaws,  Filed with 10SB12G, August 24, 1999

(B)     REPORTS  ON  FORM  8-K:

    The Company filed the following reports on Form 8-K in the fiscal year ended
March 31,  2002:


NONE




                                    SIGNATURE


           In  accordance  with the requirements of the Security Exchange Act of
1934,  the  Registrant  has caused this report to be signed on its behalf by the
undersigned,  duly  authorized.


                                   INTERACTIVE  MULTIMEDIA  NETWORK,  INC.

Date:  August 9, 2002                 By:   /s/  Richard  J.  Verdiramo
                                          ---------------------------------
                                          Richard  J.  Verdiramo,  Chairman





















<PAGE>  28