U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB


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

                  For the quarterly period ended March 31, 2003

     |_| Transition report under Section 13 or 15(d) of the Securities
         Exchange Act of 1934

               For the transition period from _______ to _______.


                         Commission File No. 000-1074267
                                             -----------

                                 LITE KING CORP.
                                 ---------------
                 (Name of Small Business Issuer in Its Charter)


             New York                                           11-2996988
             --------                                           ----------
 (State or Other Jurisdiction of                            (I.R.S. Employer
  Incorporation or Organization)                           Identification No.)

   13314 Lost Key Place, Bradenton, FL.                           34202
   ------------------------------------                           -----
 (Address of Principal Executive Offices)                       (Zip Code)

                                 (941) 388-9512
                                 --------------
                (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, and (2) has
been subject to such filing requirements for the past 90 days. Yes |X|  No |_|

         Indicate by check mark whether the Registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act):  Yes |X|  No |_|

         There were 49,999,940 shares of common stock outstanding as of March
31, 2003.

<PAGE>

                                TABLE OF CONTENTS

PART I.

Item 1.   Financial Statements

          Balance Sheet - March 31, 2003  (unaudited)                          4

          Statements of Operations - For the Three Months Ended
          March 31, 2002 and 2003 (unaudited)                                  5

          Statements of Operations - For the Nine Months Ended
          March 31, 2002 and 2003 (unaudited)                                  5

          Statement of Changes in Stockholders' Equity - For the
          Nine Months Ended March 31, 2003 (unaudited)                         6

          Statements of Cash Flows - For the Nine Months Ended
          March 31, 2002 and 2003 (unaudited)                                  7

          Notes to Financial Statements (unaudited)                            8

Item 2.   Management's Plan of Operations and Discussion and Analysis         12

Item 3.   Controls and Procedures                                             16

PART II.                       OTHER INFORMATION

Item 1.   Legal Proceedings                                                   16

Item 2.   Changes in Securities and Use of Proceeds                           17

Item 3.   Defaults upon Senior Securities                                     17

Item 4.   Submission of Matters to a Vote of Security Holders                 17

Item 5.   Other Information                                                   17

Item 6.   Exhibits and Reports on Form 8-K                                    17

          Signatures                                                          17





                                       2
<PAGE>

                                     PART I


ITEM 1.  FINANCIAL STATEMENTS


         Financial Information




                                       3
<PAGE>

                            LITE KING CORPORATION
                           CONDENSED BALANCE SHEET
                               MARCH 31, 2003
                                 (UNAUDITED)



<TABLE>
<CAPTION>
                                     ASSETS

<S>                                                                          <C>
Current assets
    Cash                                                                     $          156
                                                                             ---------------
      Total current assets                                                              156

Other assets                                                                         11,233
                                                                             ---------------

Total assets                                                                 $       11,389
                                                                             ===============

                      LIABILITIES AND STOCKHOLDER'S DEFICIT

Current liabilities
    Accounts payable and accrued liabilities                                 $    1,139,805
    Convertible debentures - related parties - current portion                       50,000
    Notes payable to stockholders                                                   145,822
                                                                             ---------------
      Total current liabilities                                                   1,335,627

Long-term liabilities
    Convertible debentures - related parties - long-term portion                    350,000
    Convertible debentures - long-term portion, net of
      discount of $41,144                                                           890,533
                                                                             ---------------

Total liabilities                                                                 2,576,160

Commitments and contingencies                                                            --

Stockholder's deficit
    Common stock; $0.001 par value; 50,000,000 shares
      authorized 49,999,940 shares issued and outstanding                            50,000
    Additional paid-in capital                                                      585,166
    Treasury stock                                                                  (48,950)
    Accumulated deficit                                                          (3,150,987)
                                                                             ---------------
      Total stockholder's deficit                                                (2,564,771)
                                                                             ---------------

Total liabilities and stockholder's deficit                                  $       11,389
                                                                             ===============
</TABLE>


                 See Accompanying Notes to Financial Statements

                                       4
<PAGE>

                              LITE KING CORPORATION
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                  For the three months ended March 31,    For the nine months ended March 31,
                                                  ------------------------------------    -----------------------------------
                                                         2003            2002                    2003              2002
                                                    --------------  ---------------        --------------    ---------------
<S>                                                 <C>             <C>                    <C>               <C>
Revenues                                            $          --   $           --         $          --     $           --

Cost of revenues                                               --               --                    --                 --
                                                    --------------  ---------------        --------------    ---------------

    Gross profit (loss)                                        --               --                    --                 --

Operating expenses
    General and administrative                                 --          121,406                52,625            231,111
                                                    --------------  ---------------        --------------    ---------------
      Total operating expenses                                 --          121,406                52,625            231,111
                                                    --------------  ---------------        --------------    ---------------

    Operating loss from continuing operations                  --         (121,406)              (52,625)          (231,111)

Other expense
    Interest expense                                      (34,346)         (28,344)             (135,724)           (95,299)
                                                    --------------  ---------------        --------------    ---------------
      Total other expense                                 (34,346)         (28,344)             (135,724)           (95,299)

Loss from continuing operations                           (34,346)        (149,750)             (188,349)          (326,410)
Loss from discontinued operations                            (675)        (163,551)             (152,017)          (411,682)
                                                    --------------  ---------------        --------------    ---------------

Net loss                                                  (35,021)        (313,301)        $    (340,366)    $     (738,092)
                                                    ==============  ===============        ==============    ===============

Continuing operations:
    Basic and diluted loss per common share         $       (0.00)         $ (0.02)        $       (0.01)    $        (0.04)
                                                    ==============  ===============        ==============    ===============

Discontinued operations:
    Basic and diluted loss per common share         $       (0.00)         $ (0.02)        $       (0.00)    $        (0.05)
                                                    ==============  ===============        ==============    ===============

Net loss:
    Basic and diluted loss per common share         $       (0.00)         $ (0.04)        $       (0.01)    $        (0.09)
                                                    ==============  ===============        ==============    ===============

Basic and diluted weighted average common
    shares outstanding                                 49,999,940        7,777,578            34,928,154          7,657,309
                                                    ==============  ===============        ==============    ===============
</TABLE>


                 See Accompanying Notes to Financial Statements

                                       5
<PAGE>

                              LITE KING CORPORATION
                  CONDENSED STATEMENT OF STOCKHOLDERS' DEFICIT
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                      Common Stock                                         Loan Fees                      Total
                             ---------------------------     Additional      Treasury      Related to    Accumulated   Stockholder's
                                 Shares        Amount     Paid-in Capital      Stock      Equity Line       Deficit       Deficit
                             -------------------------------------------------------------------------------------------------------
<S>                             <C>           <C>           <C>             <C>          <C>            <C>            <C>
Balance, June 30, 2002           8,014,595    $  8,015      $ 1,468,814     $ (48,950)   $ (1,003,809)  $ (2,810,621)  $ (2,386,551)

Conversion of debentures        41,985,345      41,985          120,161            --            --               --        162,146

Amortization on loan fees
   related to Equity Line
   of Credit Agreement                  --          --       (1,003,809)           --     1,003,809               --             --

Net loss                                --          --               --            --            --         (340,366)      (340,366)
                          ----------------------------------------------------------------------------------------------------------

Balance, March 31, 2003         49,999,940    $ 50,000      $   585,166     $ (48,950)   $       --     $ (3,150,987)  $ (2,564,771)
                          ==========================================================================================================
</TABLE>


                 See Accompanying Notes to Financial Statements

                                       6
<PAGE>

                       LITE KING CORPORATION
                 CONDENSED STATEMENTS OF CASH FLOWS
                            (UNAUDITED)


<TABLE>
<CAPTION>
                                                                     For the nine months ended March 31,
                                                                     -----------------------------------
                                                                           2003               2002
                                                                     ----------------   ----------------
<S>                                                                  <C>                <C>
Cash flows from operating activities:
    Net loss                                                         $      (340,366)   $      (738,092)
      Loss from discontinued operations                                      152,017            411,682
                                                                     ----------------   ----------------
      Loss from continuing operations                                       (188,349)          (326,410)
    Adjustments to reconcile net loss to net cash used
     by operating activities:
      Depreciation - discontinued operations                                      --             65,789
      Accretion of discount on convertible debentures                         34,370                 --
    Changes in operating assets and liabilities:
      Other assets                                                             9,749                 --
      Accounts payable and accrued liabilities                                67,340            (20,790)
                                                                     ----------------   ----------------
         Net cash used by operating activities of continuing
         operations                                                          (76,890)          (281,411)

Cash flows from financing activities:
    Net payments on lines of credit                                               --               (156)
    Principal payments on notes payable to stockholders                       (4,022)                --
    Principal payments on notes payable                                      (30,812)           (36,939)
    Proceeds from convertible debentures - related parties                        --            275,000
    Principal payments on capital lease obligations                          (29,104)           (13,628)
                                                                     ----------------   ----------------
         Net cash provided (used) by financing activities from
         continuing operations                                               (63,938)           224,277

                                                                     ----------------   ----------------
Cash provided (used) by discontinued operations                              140,984            (73,999)
                                                                     ----------------   ----------------

Net change in cash                                                               156           (131,133)

Cash, beginning of period                                                         --            153,385
                                                                     ----------------   ----------------

Cash, end of period                                                  $           156    $        22,252
                                                                     ================   ================
</TABLE>


                 See Accompanying Notes to Financial Statements

                                       7
<PAGE>

                              LITE KING CORPORATION
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (UNAUDITED)


1.   DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Description of business - Lite King Corporation (hereinafter referred to as
     the "Company") currently is a dormant company with no operations and
     activities isolated to legal and other fees related to the maintenance of
     corporate status. As discussed in Note 7, the Company discontinued their
     operations beginning October 1, 2002. The Company is considered to be a
     public shell.

     History - Lite King Corporation ("LK") was incorporated in New York on
     January 4, 1990 and was formerly engaged in the manufacture and assembly of
     wiring devices. During 2000, LK discontinued its manufacturing and assembly
     business and sold off its business assets to position itself as a merger
     candidate.

     National Cabling Services, Inc. ("NCSI") was incorporated on June 21, 1995
     in the state of Illinois. The Company's principal business activity is the
     design and installation of cabling for computer networks.

     On March 16, 2001, the Company merged with NCSI in a reverse acquisition.
     In consideration of receiving all of the issued and outstanding shares of
     NCSI, LK issued 5,149,029 restricted shares of common stock to the
     shareholders of NCSI. LK had 2,484,646 shares issued and outstanding prior
     to the merger.

     The merger was accounted for as a reverse acquisition since NCSI is the
     continuing accounting entity under GAAP, as a result of the
     recapitalization. Accordingly, a recapitalization occurred and no goodwill
     was recorded and the operating results of LK have been included in the
     financial statements from the date of consummation of the merger. On this
     basis, the historical financial statements prior to March 16, 2001
     represent the financial statements of NCSI. The historical shareholders'
     equity accounts of NCSI as of December 31, 2000 have been retroactively
     restated for all periods presented to reflect the recapitalization.

     Going concern - The Company incurred a net loss of approximately $340,000
     for the nine months ended March 31, 2003. The Company's current liabilities
     exceed its current assets by approximately $1,335,000 as of March 31, 2003.
     The Company ceased operations in October 2002 and is considered to be a
     public shell.

     Definition of fiscal year - On June 30, 2001, the Company elected to change
     its fiscal year from December 31 to June 30.

     Use of estimates - 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 and disclosure of contingent
     assets and liabilities at the date of the financial statements and the
     reported amounts of revenue and expenses during the reporting period.
     Actual results could differ from those estimates.

     Reclassifications - Certain items in the financial statements of prior
     periods have been reclassified to conform to current period presentation.

     Inventory - Inventory is stated at the lower of cost or market. Cost is
     principally determined by using the first-in, first-out (FIFO) method.
     Inventory consists principally of finished goods. The Company's management
     monitors the inventory for excess and obsolete items and makes necessary
     valuation adjustments when required.

     Fixed assets - Fixed assets are stated at cost less accumulated
     depreciation. Depreciation is provided principally on the straight-line
     method over the estimated useful lives of the assets, which is primarily 3
     to 7 years. The cost of repairs and maintenance is charged to expense as
     incurred. Expenditures for property betterments and renewals are
     capitalized. Upon sale or other disposition of a depreciable asset, cost
     and accumulated depreciation are removed from the accounts and any gain or
     loss is reflected in other income (expense).

                                       8
<PAGE>

     The Company periodically evaluates whether events and circumstances have
     occurred that may warrant revision of the estimated useful lives of fixed
     assets or whether the remaining balance of fixed assets should be evaluated
     for possible impairment. The Company uses an estimate of the related
     undiscounted cash flows over the remaining life of the fixed assets in
     measuring their recoverability.

     Revenue recognition - The Company maintains its accounting records on the
     accrual basis of accounting. Revenues from fixed-price installation
     contracts are recognized on the percentage-of-completion method, measured
     by the percentage of actual cost incurred to date to estimated total cost
     for each contract (cost-to-cost method). This method is used because
     management considers actual expended cost to be the best available measure
     of progress on these contracts. Revenues from cost-plus-fee contracts are
     recognized on the basis of costs incurred during the period plus the fee
     earned, measured by the cost-to-cost method.

     Contract costs include all direct material and labor costs and those
     indirect costs related to contract performance, such as indirect labor,
     payroll taxes, union fringes, and insurance costs. Selling, general, and
     administrative costs are charged to expense as incurred. Provisions for
     estimated losses on uncompleted contracts are made in the period in which
     such losses are determined. Changes in job performance, job conditions, and
     estimated profitability, including those arising from contract penalty
     provisions, and final contract settlements may result in revisions to costs
     and income and are recognized in the period in which the revisions are
     determined.

     The asset, "Costs and estimated earnings in excess of billings on
     uncompleted contracts," represents revenues recognized in excess of amounts
     billed. The liability, "Billings in excess of costs and estimated earnings
     on uncompleted contracts," represents billings in excess of revenues
     recognized. As of March 31, 2003, there were no costs and estimated
     earnings in excess of billings on uncompleted contracts, nor billings in
     excess of costs and estimated earnings on uncompleted contracts.

     Contracts less than $10,000 are included in material inventory due to size
     and short duration. Revenue on these contracts is recognized using the
     completed contract method.

     Product development costs - Product development expenditures are charged to
     expenses as incurred.

     Comprehensive income (loss) - The Company has no components of other
     comprehensive income. Accordingly, net loss equals comprehensive loss for
     all periods.

     Stock-based compensation - The Company applies Accounting Principles Board
     ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees, and
     Related Interpretations", in accounting for stock options issued to
     employees. Under APB No. 25, employee compensation cost is recognized when
     estimated fair value of the underlying stock on date of the grant exceeds
     exercise price of the stock option. For stock options and warrants issued
     to non-employees, the Company applies SFAS No. 123, "Accounting for
     Stock-Based Compensation". SFAS No 123 requires the recognition of
     compensation cost using a fair value based method whereby compensation cost
     is measured at the grant date based on the value of the award and is
     recognized over the service period, which is usually the vesting period.
     The Company uses the Black-Scholes pricing model to calculate the fair
     value of options and warrants issued to non-employees. Stock issued for
     compensation is valued using the market price of the stock on the date of
     the related agreement.The Company granted no warrants or options to
     employees for the nine months ended March 31, 2003 and 2002.

     Earnings (loss) per common share - Basic earnings (loss) per share excludes
     any dilutive effects of options, warrants and convertible securities. Basic
     earnings (loss) per share is computed using the weighted-average number of
     outstanding common shares during the applicable period. Diluted earnings
     (loss) per share is computed using the weighted average number of common
     and common stock equivalent shares outstanding during the period. Common
     stock equivalent shares are excluded from the computation if their effect
     is antidilutive.

                                       9
<PAGE>

2.   RELATED PARTY TRANSACTIONS

     Note payable to stockholders - As of March 31, 2003, the Company has a note
     payable totaling $145,822 due to two principal stockholders, which is
     secured by the Company's assets, bearing interest at 6% per annum, with
     principal and interest due on demand.

     Convertible debentures - related parties - During June and July 2001, the
     Company issued convertible debentures in the amount of $400,000. The
     debentures mature in two years and bear interest at twelve percent
     annually, payable annually. The holder of a Debenture will have the right
     at any time after thirty days from the issuance until maturity to
     voluntarily convert to common shares of the issuer at $2.00 per share. The
     Debenture holder will be forced to convert to common stock if the common
     stock is trading in an over-the-counter market or on a listed exchange and
     the average bid price of the common stock on the issuer has maintained a
     price of two dollars per share or higher for five consecutive trading days.


3.   CONVERTIBLE DEBENTURES

     On February 7, 2002, pursuant to an Equity Line of Credit Agreement (See
     Note 5), the Company issued a Convertible Debenture in the amount of
     $843,823 to Cornell Capital Partner, LP ("Cornell") under an Equity Line of
     Credit Agreement (See Note 5). This Debenture matures on February 7, 2007,
     is unsecured and bears interest at five percent annually. The interest will
     be paid at the time of maturity or on the conversion date. Cornell is
     entitled to convert, and sell on the same day, at any time from time to
     time, until payment in full of this Debenture, all or any part of the
     principal amount of the Debenture, plus accrued interest, into shares of
     the Company's common stock at a price per share equal to $0.41 per share.
     The Company has accounted for this transaction as a long-term liability and
     "Loan fees related to equity line of credit" which were to be amortized
     over the life of the Credit Agreement. However, as discussed in Note 5, the
     Equity Line of Credit Agreement was cancelled in October of 2002 and
     accordingly all remaining loan fees were fully amortized.

     On February 22, 2002, the Company issued a Secured Convertible Debenture to
     Cornell in the principal amount of $250,000. This Debenture has a term of 2
     years and bears interest at five percent annually. The interest will be
     paid at the time of maturity or on the conversion date. At the Company
     option, the entire principal amount and all accrued interest can be either
     (a) paid to the investors at maturity or (b) converted to common shares of
     the Company. Cornell is entitled to voluntarily convert the Debentures to
     common shares of the Company on or after February 22, 2002. These
     Debentures are convertible into shares of the Company's common stock at a
     conversion price equal to either (a) 120% of the closing bid price of the
     Company's common stock as of February 14, 2002, or (b) 80% of the average
     of the 3 lowest closing bid prices of the Company's common stock for the 5
     trading days prior to conversion. At the Company's option, the entire
     principal amount and all accrued interest may be paid to the holder on the
     second anniversary or converted into shares of the Company's common stock.

     The Company recorded the estimated value of the conversion feature on the
     debenture issued February 22, 2002 totaling $41,144 (net of total accretion
     of $50,426). For the nine months ended March 31, 2003, $34,370 was accreted
     from these discounts and recognized as interest expense.

     From August 2002 through November 2002, Cornell converted principal
     totaling $162,146 of the $250,000 debenture and received 41,985,345 shares
     of the Company's common stock, giving Cornell majority ownership in the
     Company.

4.   COMMITMENTS AND CONTINGENCIES

     Secured borrowing - During the year ended June 30, 2002 the Company entered
     in a "Sale and Purchase Agreement" with a lender for the sale of certain
     trade receivables to the lender. The Company is obligated under the
     agreement to repurchase any receivables sold that remains unpaid for 90
     days following its original invoice date. Therefore, the Company adopted
     Financial Accounting Standard (FAS) 125, `Accounting for Transfers and
     Servicing of Financial Assets and Extinguishments of Liabilities" and has
     classified these transactions as secured borrowings. The agreement allows
     the Company to borrow up to 80% of receivables sold or Maximum Credit
     ($400,000), whichever is less. A factoring fee of 1% each 30 days is
     charged on face value of each financed invoice. Additional fee includes
     finance fee of Prime plus 5% on the average daily financed balance payable
     monthly in arrears. Application of receipts for interest calculation will
     occur after four business days. The term is based on six months with six
     month renewals (30 day advance written notice for rate negotiation or
     termination). As of March 31, 2003, the secured borrowing totaling $13,250
     was recorded as part of accounts payable and accrued liabilities totaling
     $1,139,805.

                                       10
<PAGE>

     Litigation - The Company was a co-defendant in a lawsuit filed by a group
     of former employees claiming they were not paid prevailing wages on a 1996
     project. The parties to the lawsuit have entered into an out-of-court
     settlement, the result of which was the Company had to pay $45,000 to
     settle these claims. This expense is included in the year ended June 30,
     2001. As a result of the settlement, the Company accrued payroll taxes
     payable of $98,643 as of June 30, 2001. An additional $42,093 was accrued
     for interest and penalty. As of March 31, 2003, the outstanding payroll tax
     payable balance was $115,736.

5.   EQUITY LINE OF CREDIT AGREEMENT

     On February 14, 2002, the Company entered into an Equity Line of Credit
     Agreement ("Credit Agreement") with Cornell. Pursuant to the Credit
     Agreement, the Company may, at its discretion, periodically draw funds up
     to $20,000,000 from issuance of its common stock. For each share of common
     stock purchased under the Equity Line of Credit, Cornell Capital Partners
     will pay 91% of the lowest closing bid price on the Over-the-Counter
     Bulletin Board or other principal market on which the Company's common
     stock is traded for the 5 days immediately following the notice date. The
     Company is entitled to $1.5 million, in the aggregate, in the first thirty
     calendar day period after the effective date of the registration statement
     with respect to the equity line of credit shares. The amount of each
     subsequent advance received by the Company is subject to an aggregate
     maximum advance amount of $500,000 in any thirty-day period thereafter.
     Furthermore, the Company is required to file a registration statement on
     Form SB-2 with the Securities and Exchange Commission for the registration
     of common stock for future issuance related to the Credit Agreement. The
     term of the Credit Agreement is thirty-six months beginning on the date the
     SEC declares that SB-2 effective and subject to termination at the sole
     discretion of the Company and subject to certain events. Credit Agreement
     is no longer available.

     Under the Credit Agreement, the Company is required to issue 360,920 shares
     of the Company's common stock to Cornell, 20,000 shares to a placement
     agent, and issue a convertible debenture in the amount of $843,823 (See
     Note 3). In February 2002 the Company issued the common stock valued at
     $159,986 which the Company recorded as "Loan fees related to equity line"
     which were to be amortized over the life of the Credit Agreement. However,
     when the Company ceased operations in October of 2002, the Credit Agreement
     was cancelled and accordingly all remaining loan fees were fully amortized.

6.   STOCK OPTIONS AND WARRANTS

     On January 8, 2001, the Company granted an option to purchase 200,000
     shares of common stock for $2,000 no later than February 16, 2001. On the
     same day, the Company issued stock purchase warrants to convert the entire
     principal and interest due of $298,770, under a promissory note, into
     597,539 shares of common stock no later than February 16, 2001. On November
     1, 2000, the Company granted an option to purchase 51,490 shares of common
     stock for $1,000 no later than February 16, 2001. On February 16, 2001, all
     these options and warrants were exercised. As a result, $54,000 was
     recognized as stock based compensation and $13,417 was recognized as stock
     based financial consulting fees during the transition period ended June 30,
     2001.

     On April 7, 2001, the Company granted an option to purchase 50,000 shares
     of common stock for $1,000 on or after July 1, 2001, for financial
     consulting services. Since there is nothing in the agreement indicating the
     fair value of the services provided for this option, the fair value of the
     equity instrument issued (FAS 123, Paragraph 8) was used. As the result of
     granting this option, $13,807 was recorded as stock based financial
     consulting fee expense for the year ended June 30, 2001.

                                       11
<PAGE>

     On January 2, 2002, the Company granted an option to purchase 200,000
     shares of common stock at an exercise price of $0.72 per share for
     corporate development services. There is no expiration for this option. As
     the result of granting this option, $144,000 was recognized as stock based
     financial consulting fees for the year ended June 30, 2002.

7.   DISCONTINUED OPERATIONS

     During October 2002, the Company adopted a formal plan to discontinue all
     operations. As of December 31, 2002, the Company completed the sale of all
     assets and paid the remaining principal balances on the note payable and
     capital lease obligations. The Company currently is a dormant company with
     no operations and activities isolated to legal and other fees related to
     the maintenance of corporate status. The Company is considered to be a
     public shell.


Item 2. Management's Plan Of Operation And Discussion And Analysis


Overview

         The discussion and analysis presented below should be read in
conjunction with the consolidated financial statements and related notes
appearing in the Form 10-KSB.

         On March 9, 2001, the Company entered into an Agreement and Plan of
Merger ("Agreement") to acquire all of the common stock of National Cabling
Services, Inc., an Illinois corporation ("National Cabling") which provides
professional design and installation of structured cable systems and electronics
in support of high speed telecommunication services such as LAN/WAN, VoIP, PBX
systems and outside plant systems. The share exchange and business
reorganization pursuant to Section 368 of the Internal Revenue Code of 1986, as
amended, was completed on March 16, 2001. The Agreement called for the merger of
National Cabling with a wholly owned subsidiary of the Registrant, King Cabling
Corp; the exchange of all outstanding common shares of National Cabling for
common shares of the Registrant; and the resignation of the existing Board of
Directors and Officers of the Registrant and the appointment of three members on
National Cabling's Board of directors and Officers to fill their un-expired
terms. Lite King Corp functioned as the parent company for National Cabling. The
Company filed an 8-K on July 24, 2001 reporting that on July 15, 2001, National
Cabling amended its by-laws and changed its fiscal year from a calendar year to
July 1st through June 30th, in order to have the same fiscal year as the
Company.

         The Company under the name National Cabling continued the operations of
National Cabling. The Company acquired current assets of approximately $738,244,
and leasehold improvements and equipment of approximately $300,742 for total
assets of $1,038,986 in exchange for 5,149,029 shares of the Company's common
stock pursuant to the terms of the Agreement. Prior to merger, there was no
material relationship between the Company and National Cabling.

         Through its wholly-owned subsidiary, National Cabling, the Company's
services and business activities include providing consulting services for
integrating disparate systems, evaluating current systems and developing
solutions for evolving technologies. The Company provides design and engineering
services for a wide variety of telecommunications infrastructure systems,
including inside plant, outside plant, campus environments, wireless RF systems,
microwave PP, video distribution, VoIP and PBX systems, fiber optics and aerial
cable installations. The Company performed installation services in a wide
variety of environments including warehouses, manufacturing plants, campuses,
office buildings and multi-site rollouts. Project management is another service
provided by the Company.

         During October 2002, the Company adopted a formal plan to discontinue
all operations. As of December 31, 2002, the Company completed the sale of all
assets and paid the remaining principal balances on the note payable and capital
lease obligations. The Company currently is a dormant company with no operations
and activities isolated to legal and other fees related to the maintenance of
corporate status. No Equity Line with Cornell is available to the Company at
this time. The Company is considered to be a public shell.

Financial Performance

         The Company had a history of losses and ceased operations in October,
2002.

                                       12
<PAGE>

Results of Operations For the Three Months Ended March 31, 2003, As Compared To
The Three Months Ended March 31, 2002.

         Revenues. Since the Company discontinued operations in October of 2002,
we had no revenue or cost of revenue during this period.

         Operating Expense. For the three months ended March 31, 2003, we had
total operating expenses of approximately $-- as compared to total operating
expenses of approximately $121,000 for the three months ended March 31, 2002, a
decrease of approximately $121,000 or 100%. This decrease in operating expenses
was due to our cessation of operations in October of 2002.

         Interest Expense. For the three months ended March 31, 2003, we had
interest expense of approximately $34,000 as compared to approximately $28,000
for the three months ended March 31, 2002, an increase of approximately $6,000
or 21%, due to increased debenture interest.

         Net Loss from Continuing Operations. For the three months ended March
31, 2003, we had a net loss from continuing operations of approximately $34,000
as compared to a net loss of approximately $150,000 for the three months ended
March 31, 2002, a decrease of approximately $116,000 or 77%.

         Net Loss from Discontinued Operations. For the three months ended March
31, 2003, we had a net loss from discontinued operations of approximately $1,000
as compared to a net loss of approximately $164,000 for the three months ended
Mach 31, 2002, a decrease of approximately $163,000 or 99%.

Results of Operations For the Nine Months Ended March 31, 2003, As Compared To
The Nine Months Ended March 31, 2002.

         Revenues. Since the Company discontinued operations in October of 2002,
we had no revenue or cost of revenue during this period.

         Operating Expense. For the nine months ended March 31, 2003, we had
total operating expenses of approximately $53,000 as compared to total operating
expenses of approximately $231,000 for the nine months ended March 31, 2002, a
decrease of approximately $178,000 or 77%. This decrease in operating expenses
was due to our cessation of operations in October of 2002.

         Interest Expense. For the nine months ended March 31, 2003, we had
interest expense of approximately $136,000 as compared to approximately $95,000
for the nine months ended March 31, 2002, an increase of approximately $41,000
or 43%, due to increased debenture interest.

         Net Loss from Continuing Operations. For the nine months ended March
31, 2003, we had a net loss from continuing operations of approximately $188,000
as compared to a net loss of approximately $326,000 for the nine months ended
March 31, 2002, a decrease of approximately $138,000 or 42%.

         Net Loss from Discontinued Operations. For the nine months ended March
31, 2003, we had a net loss from discontinued operations of approximately
$152,000 as compared to a net loss of approximately $412,000 for the nine months
ended Mach 31, 2002, a decrease of approximately $260,000 or 63%.


LIQUIDITY AND CAPITAL RESOURCES

         The Company incurred a net loss of approximately $340,000 for the nine
months ended March 31, 2003. The Company's current liabilities exceed our
current assets by approximately $1,335,000 as of March 31, 2003.

Related Party Transactions

         Note payable to stockholders - As of March 31, 2003, the Company had a
note payable totaling $145,822 due to two principal stockholders, Mr. Wally
Pennington and Mr. Robert Personett, the Company's former officers and
directors, which was secured by the Company's assets, bearing interest at 6% per
annum, with principal and interest due on August 2, 2002. This note payable is
in default as of the date of this report.

                                       13
<PAGE>

         Convertible debentures - related parties - During June and July 2001,
the Company issued convertible debentures in the amount of $400,000 to Mr. Wally
Pennington, Mr. Robert Personett, Mrs. Christine Personett and Mr. Mike Murphy.
The debentures mature in two years and bear interest at twelve percent annually,
payable annually. The holder of a Debenture will have the right at any time
after thirty days from the issuance until maturity to voluntarily convert to
common shares of the issuer at $2.00 per share. The Debenture holder will be
forced to convert to common stock if the common stock is trading in an
over-the-counter market or on a listed exchange and the average bid price of the
common stock on the issuer has maintained a price of two dollars per share or
higher for five consecutive trading days. Current and long-term portions total
$350,000 and $50,000, respectively.

Convertible Debentures

         On February 7, 2002, pursuant to an Equity Line of Credit Agreement
(See Note 5), the Company issued a Convertible Debenture in the amount of
$843,823 to Cornell Capital Partner, LP ("Cornell:") under an Equity Line of
Credit Agreement (See Note 5). This Debenture matures on February 7, 2007, is
unsecured and bears interest at five percent annually. The interest will be paid
at the time of maturity or on the conversion date. Cornell is entitled to
convert, and sell on the same day, at any time from time to time, until payment
in full of this Debenture, all or any part of the principal amount of the
Debenture, plus accrued interest, into shares of the Company's common stock at a
price per share equal to $0.41 per share. The Company has accounted for this
transaction as a long-term liability and "Loan fees related to equity line of
credit" which were to be amortized over the life of the Credit Agreement.
However, as discussed in Note 5, the Equity Line of Credit Agreement was
cancelled in October of 2002 and accordingly all remaining loan fees were fully
amortized.

         On February 22, 2002, the Company issued a Secured Convertible
Debenture to Cornell in the principal amount of $250,000. This Debenture has a
term of 2 years and bears interest at five percent annually. The interest will
be paid at the time of maturity or on the conversion date. At the Company
option, the entire principal amount and all accrued interest can be either (a)
paid to the investors at maturity or (b) converted to common shares of the
Company. Cornell is entitled to voluntarily convert the Debentures to common
shares of the Company on or after February 22, 2002. These Debentures are
convertible into shares of the Company's common stock at a conversion price
equal to either (a) 120% of the closing bid price of the Company's common stock
as of February 14, 2002, or (b) 80% of the average of the 3 lowest closing bid
prices of the Company's common stock for the 5 trading days prior to conversion.
At the Company's option, the entire principal amount and all accrued interest
may be paid to the holder on the second anniversary or converted into shares of
the Company's common stock.

         The Company recorded the estimated value of the conversion feature on
the debenture issued February 22, 2002 totaling $41,144 (net of total accretion
of $50,426). As of March 31, 2003, $34,370 was accreted from these discounts and
recognized as interest expense.

         From August 2002 through November 2002, Cornell converted principal
totaling $162,146 of the $250,000 debenture and received 41,985,345 shares of
the Company's common stock, giving Cornell majority ownership in the Company.

Equity Line of Credit Agreement

         On February 14, 2002, the Company entered into an Equity Line of Credit
Agreement ("Credit Agreement") with Cornell. Pursuant to the Credit Agreement,
the Company may, at its discretion, periodically draw funds up to $20,000,000
from issuance of its common stock. For each share of common stock purchased
under the Equity Line of Credit, Cornell Capital Partners will pay 91% of the
lowest closing bid price on the Over-the-Counter Bulletin Board or other
principal market on which the Company's common stock is traded for the 5 days
immediately following the notice date. The Company is entitled to $1.5 million,
in the aggregate, in the first thirty calendar day period after the effective
date of the registration statement with respect to the equity line of credit
shares. The amount of each subsequent advance received by the Company is subject
to an aggregate maximum advance amount of $500,000 in any thirty-day period
thereafter. Furthermore, the Company is required to file a registration
statement on Form SB-2 with the Securities and Exchange Commission for the
registration of common stock for future issuance related to the Credit
Agreement. The term of the Credit Agreement is thirty-six months beginning on
the date the SEC declares that SB-2 effective and subject to termination at the
sole discretion of the Company and subject to certain events. Credit Agreement
is no longer available.

                                       14
<PAGE>

         Under the Credit Agreement, the Company is required to issue 360,920
shares of the Company's common stock to Cornell, 20,000 shares to a placement
agent, and issue a convertible debenture in the amount of $843,823 (See Note 3).
In February 2002 the Company issued the common stock valued at $159,986 which
the Company recorded as "Loan fees related to equity line" which were to be
amortized over the life of the Credit Agreement. However, when the Company
ceased operations in October of 2002, the Credit Agreement was cancelled and
accordingly all remaining loan fees were fully amortized.

Discontinued operations

         During October 2002, the Company adopted a formal plan to discontinue
all operations. As of December 31, 2002, the Company completed the sale of all
assets and paid the remaining principal balances on the note payable and capital
lease obligations. The Company currently is dormant company with no operations
and activities isolated to legal and other fees related to the maintenance of
corporate status. No Equity Line is available to the Company at this time. The
Company is considered to be a public shell.

Stock Options and Warrants

         On January 8, 2001, the Company granted an option to purchase 200,000
shares of common stock for $2,000 no later than February 16, 2001. On the same
day, the Company issued stock purchase warrants to convert the entire principal
and interest due of $298,770, under a promissory note, into 597,539 shares of
common stock no later than February 16, 2001. On November 1, 2000, the Company
granted an option to purchase 51,490 shares of common stock for $1,000 no later
than February 16, 2001. On February 16, 2001, all these options and warrants
were exercised. As a result, $54,000 was recognized as stock based compensation
and $13,417 was recognized as stock based financial consulting fees during the
transition period ended June 30, 2001.

         On April 7, 2001, the Company granted an option to purchase 50,000
shares of common stock for $1,000 on or after July 1, 2001, for financial
consulting services. Since there is nothing in the agreement indicating the fair
value of the services provided for this option, the fair value of the equity
instrument issued (FAS 123, Paragraph 8) was used. As the result of granting
this option, $13,807 was recorded as stock based financial consulting fee
expense for the year ended June 30, 2001.

         On January 2, 2002, the Company granted an option to purchase 200,000
shares of common stock at an exercise price of $0.72 per share for corporate
development services. There is no expiration for this option. As the result of
granting this option, $144,000 was recognized as stock based financial
consulting fees for the year ended June 30, 2002.

Certain Business Risks

         The Company is subject to various risks that may materially harm its
business, financial condition and results of operations. You should carefully
consider the risks and uncertainties described below and the other information
in this filing before deciding to purchase the Company's common stock. These are
not the only risks and uncertainties that the Company faces. If any of these
risks or uncertainties actually occurs, the Company's business, financial
condition or operating results could be materially harmed. In that case, the
trading price of the Company's common stock could decline and you could lose all
or part of your investment.

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

         On March 16, 2001, Lite King merged with National Cabling Services,
Inc. ("NCSI") in a reverse acquisition. In consideration of receiving all of the
issued and outstanding shares of NCSI, Lite King issued 5,149,029 restricted
shares of common stock to the shareholders of NCSI. Lite King had 2,484,646
shares issued and outstanding prior to the merger. As of March 31, 2003, the
Company had an accumulated deficit of $3,150,987.

         Discontinued operations

         During October 2002, the Company adopted a formal plan to discontinue
all operations. As of December 31, 2002, the Company completed the sale of all
assets and paid the remaining principal balances on the note payable and capital
lease obligations. The Company currently is dormant company with no operations
and activities isolated to legal and other fees related to the maintenance of
corporate status. No Equity Line is available to the Company at this time. The
Company is considered to be a public shell

                                       15
<PAGE>

         We Are Subject To A Working Capital Deficit, Which Means That Our
Current Assets On December 31, 2002 Were Not Sufficient To Satisfy Our Current
Liabilities

         We had a working capital deficit of approximately $1,335,000 as of
March 31, 2003, which means that our current liabilities as of that date
exceeded our current assets by approximately $1,335,000. Current assets are
assets that are expected to be converted to cash within one year and, therefore,
may be used to pay current liabilities as they become due. Our working capital
deficit means that our current assets on March 31, 2003 were not sufficient to
satisfy all of our current liabilities on that date. If our ongoing operations
do not begin to provide sufficient profitability to offset the working capital
deficit we may have to raise capital or debt to fund the deficit.

         Our Obligations Under The Secured Convertible Debentures Issued to
Cornell Capital Partners, Are Secured By All Of Our Assets

         Our obligations under the secured convertible debentures in the
principal amount of $250,000 issued to Cornell Capital Partners are secured by
all of our assets. As a result, if we default under the terms of these secured
convertible debentures, Cornell Capital Partners could foreclose its security
interest and liquidate all of the assets of the Company. This would force us to
cease our operations.

         Our Common Stock Is Deemed To Be "Penny Stock," Which May Make It More
Difficult For Investors To Sell Their Shares Due To Suitability Requirements

         Our common stock is deemed to be "penny stock" as that term is defined
in Rule 3a51-1 promulgated under the Securities Exchange Act of 1934. Penny
stocks are stock:

         o    With a price of less than $5.00 per share;

         o    That are not traded on a "recognized" national exchange;

         o    Whose prices are not quoted on the Nasdaq automated quotation
              system (Nasdaq listed stock must still have a price of not less
              than $5.00 per share); or

         o    In issuers with net tangible assets less than $2.0 million (if the
              issuer has been in continuous operation for at least three years)
              or $5.0 million (if in continuous operation for less than three
              years), or with average revenues of less than $6.0 million for the
              last three years.

         Broker/dealers dealing in penny stocks are required to provide
potential investors with a document disclosing the risks of penny stocks.
Moreover, broker/dealers are required to determine whether an investment in a
penny stock is a suitable investment for a prospective investor. These
requirements may reduce the potential market for our common stock by reducing
the number of potential investors. This may make it more difficult for investors
in our common stock to sell shares to third parties or to otherwise dispose of
them. This could cause our stock price to decline.


ITEM 3.     CONTROLS AND PROCEDURES

         Our current management consists of David L. Norris who became an
officer of Lite King from October, 2002. Unfortunately, current management does
not have any basis to form an assertion with respect to the controls and
procedures as conducted by prior management during the period as covered by this
report.


                                     PART II


ITEM 1.  LEGAL PROCEEDINGS

         None

                                       16
<PAGE>

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

         From August 2002 through November 2002, Cornell converted principal
totaling $162,146 of the $250,000 debenture and received 41,985,345 shares of
the Company's common stock, giving Cornell majority ownership in the Company.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None.


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

         None.


ITEM 5.  OTHER INFORMATION

         Not applicable.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

  (a)    Exhibits:

         Exhibit
         Number       Description
         -------      -----------
         31.1         Certification of Chief Executive Officer

         31.2         Certification of Chief Financial Officer

         32.1         Certification of President and Chief Executive Officer
                      under Section 906 of the Sarbanes-Oxley Act of 2002.

         32.2         Certification of Chief Financial Officer under Section 906
                      of the Sarbanes-Oxley Act of 2002.

(b)      Reports On Form 8-K:

         None




                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Date:    February 23, 2006               LITE KING CORPORATION

                                         By:
                                            ------------------------------------
                                             David L. Norris
                                             President, Chief Executive Officer,
                                             and Chief Financial Officer


                                       17