# UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

# FORM 10-Q/A

| | [X] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
| | --- | ---------------------------------------------------------------------------------------

For the
quarterly period ended June 30, 2000

| | [  ] | TRANSITION REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | ---- | ----------------------------------------------------------------------------------------

For the
transition period from ____________________ to ____________________.

Commission File
Number 0-7619

Asia
SuperNet Corporation
(Exact Name of Registrant as Specified in its Charter)

Colorado   
              
              
              
              
              
              
              
        98-0164238
              
              
              
    (State or other jurisdiction of    
              
              
              
              
             
   (I.R.S. Employer Identification No.)
              
              
              
     incorporation or organization)

1888
Sherman Street, Suite 500, Denver, CO 80203
(Address of Principal Executive Offices)   
   (Zip Code)

1700
Lincoln Street, Suite 3100, Denver, CO 80203
(Former address of principal executive offices)

Registrant's
telephone number, including area code:     (303)
894-7971

Indicate by check mark
whether the registrant (1) has filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.     Yes 
[  ]     No  [X]

As of September 1, 2000,
2,660,864 shares of common stock, $.001 par value, were issued and outstanding.

---

# ASIA
SUPERNET CORPORATION
FORM 10-Q/A
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2000
TABLE OF CONTENTS

# PART I.
FINANCIAL INFORMATION

EXPLANATORY NOTE:

Pursuant to this Form
10-Q/A, Asia SuperNet Corporation amends ITEM 1. Financial
Statements and ITEM 2. Managements Discussion and Analysis of
Financial Condition and Results of Operations of Part I of its Quarterly
Report on Form 10-Q for the quarterly period ended June 30, 2000.

This amendment includes the
restatement of prior year amounts to conform to the presentation for
discontinued operations. The majority of the Companys operations were sold
during 1999. In addition, amounts due for professional services were
inadvertently recorded twice in the first quarter of the year ended December 31,
2000. During the quarter ended June 30, 2000, comprehensive income (loss) was
not properly displayed.

`Item 1.  Financial Statements                                                  Page No.

         Unaudited Condensed Balance Sheets as of June 30, 2000, as restated
            and December 31, 1999                                                 3

         Unaudited Condensed Statements of Operations for the three months
            ended June 30, 2000, as restated and 1999                             4

         Unaudited Condensed Statements of Operations for the six months
            ended June 30, 2000, as restated and 1999                             5

         Unaudited Statements off Comprehensive Income (Loss) for the three
            and six months ended June 30, 2000 and 1999                           6

         Unaudited Condensed Statements of Cash Flows for the six months
            ended June 30, 2000, as restated and 1999                             7

         Notes to the Unaudited Condensed Financial Statements                    8

Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations                                                   10

                           PART II. OTHER INFORMATION

Item 2.  Changes in Securities                                                   11

Item 6.  Exhibits and Reports on Form 8-K                                        12

Signatures                                                                       12`

---

# ASIA
SUPERNET CORPORATION

# PART I.
FINANCIAL INFORMATION

## ITEM 1.
FINANCIAL STATEMENTS

# UNAUDITED
CONDENSED BALANCE SHEETS

`As of June 30,  As of December 31,
ASSETS                                                               2000             1999
------                                                           -------------   -----------------
                                                                 (As restated,
                                                                  see Note 4)
Current assets:
   Cash and cash equivalents ..................................   $     8,992    $     9,176
   Prepaid and other current assets ...........................        21,301         21,301
                                                                  -----------    -----------

Total current assets ..........................................        30,293         30,477

PROPERTY, PLANT AND EQUIPMENT, NET ............................         2,396          3,194
                                                                  -----------    -----------

Total assets ..................................................   $    32,689    $    33,671
                                                                  ===========    ===========

LIABILITIES AND SHAREHOLDERS' DEFICIT
-------------------------------------

Current liabilities:
   Accounts payable ...........................................   $   127,361    $   123,821
   Convertible promissory notes payable to related party ......          --        2,472,722
   Accrued expenses and other liabilities .....................        82,182         82,182
   Amounts payable to related parties .........................        82,665         72,738
                                                                  -----------    -----------

Total current liabilities .....................................       292,208      2,751,463
                                                                  -----------    -----------

Shareholders' (deficit) equity:
   Preferred stock, $0.001 par value, 300,000,000 shares
     authorized, no shares issued .............................          --             --
   Common stock, $0.001 par value, 900,000,000 shares
     authorized; issued and outstanding 2,660,864 and 1,189,005
     shares, respectively .....................................         2,661          1,189
   Additional paid in capital .................................     9,010,952      6,539,702
   Accumulated deficit ........................................    (9,273,132)    (9,258,683)
                                                                  -----------    -----------

Total shareholders' deficit ...................................      (259,519)    (2,717,792)
                                                                  -----------    -----------

Total liabilities and shareholders' deficit ...................   $    32,689    $    33,671
                                                                  ===========    ===========`

See the accompanying notes
to the unaudited condensed financial statements.

---

# ASIA
SUPERNET CORPORATIONUNAUDITED CONDENSED STATEMENTS OF OPERATIONS

`Three months ended June 30,
                                                      2000             1999
                                                      ----             ----
                                                  (As restated,
                                                   see Note 4)
Revenues:
   Interest income .............................   $         7    $        24
   Rental income ...............................          --             --
   Other income ................................          --             --
                                                   -----------    -----------

Total revenues .................................             7             24
                                                   -----------    -----------

Expenses:
   Depreciation ................................           399          1,198
   Legal and professional fees .................        13,190          4,250
   Other operating and administrative fees .....         1,560          3,278
                                                   -----------    -----------

     Total expenses ............................        15,149          8,726
                                                   -----------    -----------

Loss from continuing operations ................       (15,142)        (8,702)

Loss on sale of discontinued operations, net ...          --             --
Loss from discontinued operations, net .........          --         (172,124)
                                                   -----------    -----------

Net loss .......................................   $   (15,142)   $  (180,826)
                                                   ===========    ===========

Weighted average number of common shares
   outstanding .................................     1,496,316        522,338
                                                   ===========    ===========

Basic and diluted loss per common share:
   From continuing operations ..................   $     (0.01)   $     (0.02)
   From discontinued operations ................          --            (0.33)
                                                   -----------    -----------

     Net income (loss) per share ...............   $     (0.01)   $     (0.35)
                                                   ===========    ===========`

See the accompanying notes
to the unaudited condensed financial statements.

---

# ASIA SUPERNET
CORPORATIONUNAUDITED CONDENSED STATEMENTS OF OPERATIONS

`Six months ended June 30,
                                                               2000            1999
                                                               ----            ----
                                                          (As restated,
                                                           see Note 4)
Revenues:
   Interest income ....................................   $        22    $       375
   Rental income ......................................          --             --
   Other income .......................................         5,403           --
                                                          -----------    -----------

Total revenues ........................................         5,425            375
                                                          -----------    -----------

Expenses:
   Depreciation .......................................           798          2,395
   Legal and professional fees ........................        17,456          8,500
   Other operating and administrative fees ............         1,620          3,976
                                                          -----------    -----------

     Total expenses ...................................        19,874         14,871
                                                          -----------    -----------

Loss from continuing operations .......................       (14,449)       (14,496)

Loss from discontinued operations, net ................          --         (408,071)
                                                          -----------    -----------

Net loss ..............................................   $   (14,449)   $  (422,567)
                                                          ===========    ===========

Weighted average number of common shares outstanding ..     1,342,661        522,338
                                                          ===========    ===========

Basic and diluted loss per common share:
   From continuing operations .........................   $     (0.01)   $     (0.03)
   From discontinued operations .......................          --            (0.78)
                                                          -----------    -----------

     Net loss per share ...............................   $     (0.01)   $     (0.81)
                                                          ===========    ===========`

See the accompanying notes
to the unaudited condensed financial statements.

---

# ASIA
SUPERNET CORPORATION

# UNAUDITED
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

`Three months ended      Six months ended
                                                   June 30                 June 30,
                                              2000          1999      2000        1999
                                              ----          ----      ----        ----
                                          (As restated,           (As restated,
                                           See Note 4)             See Note 4)


NET INCOME (LOSS) ......................   $(15,142)   (180,826)    (14,449)   (422,567)

Other comprehensive income (loss):
  Unrealized gain on
        available-for-sale securities ..       --       323,913        --       342,740
                                           --------    --------    --------    --------

COMPREHENSIVE INCOME (LOSS) ............   $(15,142)    143,087     (14,449)    (79,827)
                                           ========    ========    ========    ========`

See the accompanying notes
to the unaudited condensed financial statements.

---

# ASIA
SUPERNET CORPORATIONUNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

`Six months ended June 30,
                                                           2000            1999
                                                           ----            ----
                                                       (As restated,
                                                        see Note 4)
CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss ..........................................   $   (14,449)   $  (422,567)
Adjustments to reconcile net loss to net cash
   used in operating activities:
   Depreciation ...................................           798         17,594
   Consulting fees ................................          --          250,000
Changes in working capital components:
   Accounts receivable ............................          --           (2,023)
   Prepaid and other current assets ...............          --          (41,562)
   Amounts receivable form related parties ........          --           (4,702)
   Accounts payable and accrued expenses ..........         3,540        (65,201)
   Amounts due to related parties .................         9,927        260,199
   Exchange difference ............................          --           12,270
                                                      -----------    -----------

     Net cash provided by (used in)
        operating activities ......................          (184)         4,008
                                                      -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:

   Repayment of margin loan payable ...............          --          (36,657)
   Increase in mortgage loan payable ..............          --           22,963
                                                      -----------    -----------

   Net cash used in financing activities ..........          --          (13,694)
                                                      -----------    -----------

NET DECREASE IN CASH AND CASH EQUIVALENTS .........          (184)        (9,686)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD ..         9,176         44,949
                                                      -----------    -----------

CASH AND CASH EQUIVALENTS AT END OF PERIOD ........   $     8,992    $    35,263
                                                      ===========    ===========

SUPPLEMENTARY DISCLOSURES:

Cash paid for interest ............................   $      --          189,661
                                                      ===========    ===========

Noncash financing activities:

Issuance of common stock for convertible promissory
     notes payable to a related party .............   $ 2,472,722    $      --
                                                      ===========    ===========`

See the accompanying notes
to the unaudited condensed financial statements.

---

# ASIA SUPERNET
CORPORATIONNOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
JUNE 30, 2000

NOTE 1.
BASIS OF PRESENTATION

The condensed financial
statements included herein have been prepared by Asia SuperNet Corporation (the
Company), without audit, pursuant to the rules and regulations of the Securities
and Exchange Commission. Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted pursuant to such rules and
regulations, although the Company believes that the disclosures are adequate to
make the information presented not misleading. The condensed financial
statements and the notes thereto should be read in conjunction with the
financial statements included in the Companys Annual Report on Form 10-K
for the year ended December 31, 1999. In the opinion of the management of the
Company, the accompanying condensed financial statements contain all necessary
adjustments to present fairly the financial position, the results of operations
and cash flows for the periods reported. All adjustments are a normal recurring
nature.

The results of operations
for the three-month periods ended June 30, 2000 and June 30, 1999 are not
necessarily indicative of the results to be expected for the full year.

NOTE 2.
CONTINUING OPERATIONS

These condensed financial
statements have been prepared on the going concern basis of accounting which
assumes the Company will realize its assets and discharge its liabilities in the
normal course of business. The Company is currently operating at a loss, has
negative working capital and stockholders deficit. Should the Company be
unable to continue as a going concern it may be required to realize its assets
and settle its liabilities at amounts substantially different from the current
carrying values.

The Companys ability
to continue as a going concern is dependent on continued financial support from
its principal shareholder, Mr. Fai H. Chan, who has signed a letter of financial
support to the Company.

NOTE 3. SUPPLEMENTAL CASH
FLOW INFORMATION FOR NONCASH TRANSACTIONS

In June 2000, the
convertible promissory notes payable to SAR Trading Ltd. in the amount of
$2,472,722 were converted into 1,471,859 shares of common stock of the Company.

NOTE 4.  RESTATEMENT

Subsequent to the issuance
of the Companys financial statements for the three months ended March 31,
2000, management determined that amounts due for professional services were
inadvertently recorded twice in the first quarter. During the quarter ended June
30, 2000, comprehensive income (loss) was not properly displayed.

---

# ASIA
SUPERNET CORPORATIONNOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
JUNE 30, 2000

NOTE 4.
RESTATEMENT (continued)

The effects of the
restatement are as follows:

`June 30, 2000
                                                ----------------------------
                                                  As          As previously
                                                Restated        Reported
                                                --------      -------------

   Accounts payable                          $   127,361    $   150,632
   Total current liabilities                     292,208        315,479
   Accumulated deficit                        (9,273,132)    (9,296,403)
   Total shareholders' deficit                  (259,519)      (282,790)

                                                    Six months ended
                                                      June 30, 2000
                                                ----------------------------
                                                  As          As previously
                                                Restated        Reported
                                                --------      -------------

   Legal and professional fees               $    12,052    $    35,323
   Total expenses                                 14,470         37,741
   Net loss                                      (14,449)       (37,720)
   Basic and diluted loss per common share         (0.01)         (0.03)`

There were no effects on
the results of operations due to the restatement for the three months ended June
30, 2000.

NOTE 5.
DISCONTINUED OPERATIONS

During 1999, the Company
sold all of its interests in all of its subsidiaries. As such, amounts for the
prior period have been conformed to the presentation for discontinued
operations.

---

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

The following discussion
should be read in conjunction with the Annual Report on Form 10-K for the year
ended December 31, 1999, the Condensed Financial Statements of the Company and
the related notes thereto, and other financial information that is included
elsewhere herein or incorporated by reference.

INTRODUCTION

During 1999, the Company
sold all of its interests in all of its subsidiaries. For the six months ended
June 30, 2000, the Company had no operations.

RESULTS OF OPERATIONS

SIX MONTHS ENDED JUNE
30, 2000 COMPARED TO SIX MONTHS ENDED JUNE 30, 1999

During the six months ended
June 30, 2000, revenues consisted of interest income on the cash and cash
equivalents and expenses primarily consisted of legal and accounting fees. The
discontinued operations in the prior year related to the operations existing at
that time which included rental real estate and other investments.

THREE MONTHS ENDED
JUNE 30, 2000 COMPARED TO THREE MONTHS ENDED JUNE 30, 1999

During the three months
ended June 30, 2000, revenues consisted of interest income on the cash and cash
equivalents and expenses primarily consisted of legal and accounting fees. The
discontinued operations in the prior year related to the operations existing at
that time which included rental real estate and other investments.

LIQUIDITY AND
CAPITAL RESOURCES

The net cash used in
operating activities for the six months ended June 30, 2000 amounted to $184.
This is primarily due to the payment of certain expenses, net of interest
income. There was no cash provided by or used in investing or financing
activities.

The Company has no
operations, has negative working capital of $261,915 and a stockholders
deficit of $259,519. The Companys ability to continue as a going concern
is dependent on continued financial support from its principal shareholder, Mr.
Fai H. Chan, who has signed a letter of financial support to the Company.

---

# PART II.
OTHER INFORMATION

## ITEM 2.
CHANGES IN SECURITIES

During the three months
ended June 30, 2000, the convertible promissory note payable of $2,472,722 was
converted into 1,471,859 shares of common stock of the Company. The issuance of
the common stock was made in reliance upon the exemption from registration
provided by Section 4(2) of the 1933 Act and Rule 506 of Regulation D adopted
under the 1933 Act. The purchasers had access to full information concerning
eVision and represented that they acquired the shares for the purchasers
own accounts and not for the purpose of distribution. The certificates for the
shares contain a restrictive legend advising that the shares may not be offered
for sale, sold or otherwise transferred without having first been registered
under the 1933 Act or unless an exemption from the registration requirements of
the 1933 Act is available.

---

## ITEM 6.
EXHIBITS AND REPORTS ON FORM 8-K

(b) Reports on Form 8-K.

During the three months
ended June 30, 2000, the Company filed a Current Report on Form 8-K to report
Changes in Control under Item 1 and a Business Acquisition under Item 2, dated
June 13, 2000. On August 25, 2000, the Company filed a Current Report on Form
8-K to report the renegotiation of the contract for the Changes in Control under
Item 1 and the Business Acquisition under Item 2, as reported June 13, 2000.

# SIGNATURES

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

Dated: September 14, 2001 
 
            
        
            
            
           
         
Asia SuperNet Corporation
          
        
            
            
            
        
            
            
            
            
A Colorado Corporation
            
            
            
                
            
            
            
                  
      By: /s/ Robert H. Trapp
             
            
            
            
            
            
            
            
            
            Robert
H. Trapp
             
            
                  
            
     
            
            
            
            
            
Secretary and Treasurer

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