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



                                FORM 10-QSB/A

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

                 For quarterly period ended September 30, 2003
     [ ]     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: 0-25909

                          Multi-Tech International, Corp.
           ----------------------------------------------------
             (Exact name of Small Business Issuer in its Charter)

                Nevada                                  86-0931332
    ------------------------------                  -------------------
   (State or other jurisdiction of                   (I.R.S. Employer
    incorporation or organization)                  Identification No.)

             9974 Huntington Park Drive, Strongsville, OH 44136-2516
         ------------------------------------------------------
                (Address of principal executive offices)

                              (440) 759-7470
                         --------------------------
                        (Issuer's telephone number)

FORMER COMPANY:
       FORMER CONFORMED NAME:  BUCKTV COM INC
       DATE OF NAME CHANGE:    20000515

FORMER COMPANY:
       FORMER CONFORMED NAME:  OLERAMMA INC
       DATE OF NAME CHANGE:    19990428


Check whether the issuer: (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 [ X ]      No [  ]

State the number of shares outstanding for each of the issuer's
classes of Common Stock as of the last practical date:

Common Stock, $0.001 par value per share, 42,582,934 outstanding as of
September 30, 2003.

Preferred Non-Voting Stock, $0.001 par value per share, none outstanding
as of September 30, 2003.

Transactional Small Business Disclosure Format

                                          Yes [   ]      No [ X ]

<PAGE>

                           Multi-Tech International, Corp.
                                TABLE OF CONTENTS
Item 1.   Financial Statements
          Balance Sheet (unaudited)............................   3- 4
          Statement of Operations (unaudited)..................      5
          Statement of Cash Flows (unaudited)..................      6
          Statement of Changes in stockholder's Equity.........   7-11
          Notes to Financial Statements........................  12-20

Item 2.  Management's Discussion and Analysis of Plan
           of Operation........................................  21-23

Item 3.  Controls and Procedures...............................     23

PART II. OTHER INFORMATION

Item 1.   Legal Proceedings....................................     24

Item 2.   Changes in Securities ...............................     24

Item 3.   Defaults upon Senior Securities......................     24

Item 4.   Submission of Matters to a Vote
           of Security Holders.................................     24

Item 5.   Other Information....................................     24

Item 6.   Exhibits and Reports on Form 8-K.....................     24

Signatures.....................................................     24

                                      Page Two
<PAGE>

PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

The unaudited financial statements of registrant for the three months
ended September 30, 2003, follow.  The financial statements reflect all
adjustments which are, in the opinion of management, necessary to a fair
statement of the results for the interim period presented.


MULTI-TECH INTERNATIONAL, CORP.
(DEVELOPMENT STAGE COMPANY)
INTERIM BALANCE SHEET
AS AT SEPTEMBER 30, 2003

<TABLE>
<CAPTION>
                                    SEPTEMBER 30,         DECEMBER 31,
                                        2003                   2002
                                     (UNAUDITED)            (AUDITED)
                                    --------------------------------------
<S>                                 <C>                   <C>
          ASSETS

CURRENT
Cash                                $         78             $          0
Marketable securities                     36,100                   36,100
Prepaid assets and sundry assets          50,523                   55,348
                                    --------------------------------------
Total Current Assets                      86,701                   91,448
                                    --------------------------------------
FIXED
Equipment                                 29,295                   33,479
Office furniture                           5,217                    5,619
Leasehold improvements                         0                    5,959
Vehicle                                        0                    1,328
                                    --------------------------------------
TOTAL FIXED ASSETS                        34,512                   46,385
                                    --------------------------------------
OTHER
Patents rights                         4,204,744                4,204,744
                                    --------------------------------------
Total Other Assets                     4,204,744                4,204,744
                                    --------------------------------------
TOTAL ASSETS                        $  4,325,957             $  4,342,577
                                    --------------------------------------
                                    --------------------------------------

</TABLE>

                                    Page Three
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
INTERIM BALANCE SHEET
AS AT SEPTEMBER 30, 2003

<TABLE>
<CAPTION>
                                    SEPTEMBER 30,         DECEMBER 31,
                                        2003                   2002
                                     (UNAUDITED)            (AUDITED)
                                    --------------------------------------
<S>                                 <C>                   <C>

          LIABILITIES

CURRENT
Accounts payable                    $       71,705         $       18,434
Accrued Expenses and Other
  Current Liabilities                      132,432                      0
Loans payable                               10,951                 10,826
Loan from a director                             0                      0
Note payable                             4,297,248              4,301,776
                                    --------------------------------------
total Current Liabilities                4,512,336              4,331,036
                                    --------------------------------------

STOCKHOLDERS' EQUITY

Preferred stock, authorized 5,000,000
shares par value $0.001
-issued and outstanding - none                -                       -

Common stock, authorized 100,000,000
shares, par value $0.001
issued and outstanding  42,157,934
 (2002 - 40,907,934)                        42,583                 40,908


Additional Paid in Capital               9,949,441              9,947,766
Donated Capital                            818,871                818,871

Deficit accumulated
during development stage               (10,997,274)           (10,796,004)
                                    --------------------------------------

Total Stockholders' Equity                (186,379)                11,541
                                    --------------------------------------
Total Liabilities and
Stockholders' Equity                  $  4,325,957           $  4,342,577
                                    --------------------------------------
                                    --------------------------------------
</TABLE>

                                            Page Four
<PAGE>


MULTI-TECH INTERNATIONAL, CORP.
(DEVELOPMENT STAGE COMPANY)
INTERIM STATEMENT OF OPERATIONS
(UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                      FROM
                                                                                                  SEPT 21, 1998
                              THREE MONTHS     THREE MONTHS     NINE MONTHS       NINE MONTHS       (INCEPTION)
                                 ENDED            ENDED            ENDED             ENDED              TO
                              SEPT 30, 2003    SEPT 30, 2002    SEPT 30, 2003    SEPT 30, 2002    SEPT 30, 2003
----------------------------------------------------------------------------------------------------------------
<S>                           <C>              <C>              <C>              <C>              <C>

REVENUE                        $          0     $          0     $      4,280     $       197      $      4,477
----------------------------------------------------------------------------------------------------------------
EXPENSES
Selling, general
and Administrative
expenses                             64,674              215          205,550       5,653,497        11,301,751
----------------------------------------------------------------------------------------------------------------
Total Operating Expenses             64,674              215          205,550       5,653,497        11,301,751
----------------------------------------------------------------------------------------------------------------

NET LOSS BEFORE UNDERNOTED
ITEM                                (64,674)            (215)        (201,270)     (5,653,300)      (11,297,274)

GAIN ON SETTLEMENT OF DEBT                0                0                0               0           300,000
----------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) FROM
OPERATIONS                     $    (64,674)    $       (215)    $   (201,270)    $(5,653,300)      (10,997,274)
----------------------------------------------------------------------------------------------------------------

Weighted average number of
  shares outstanding             40,366,267       94,418,353       40,366,267      86,816,920
                                --------------------------------------------------------------

Net income (loss) per share    $      (0.00)    $      (0.00)    $      (0.00)    $     (0.07)
</TABLE>

                                            Page Five
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
INTERIM STATEMENT OF CASH FLOWS
(UNAUDITED)

<TABLE>
<CAPTION>
                                                                     FROM
                                                                SEPT 21, 1998
                                 NINE MONTHS     NINE MONTHS     (INCEPTION)
                                    ENDED          ENDED              TO
                                SEPT 30, 3003   SEPT 30, 3002   SEPT 30, 2003
------------------------------------------------------------------------------
<S>                             <C>             <C>             <C>
CASH FLOW FROM OPERATING
ACTIVITIES
Net Income (Loss)               $ (201,270)     $  (186,559)    $ (10,997,274)
------------------------------------------------------------------------------
Adjustments to reconcile net
  income (loss) to net cash in
  operating activities:
  Services received for Common
  Shares                               3,350        176,330         9,744,629
  Depreciation and
  Amortization                         4,586            621             8,411
Change in assets and liabilities
  (Increase) Decrease in prepaid
  expenses                             4,825                          (50,523)
  Write-down of Fixed Assets               -          8,694                 -
  Increase in Accrued Expenses       132,432              -           132,432
  Increase in accounts payable     53,271          0            71,705
------------------------------------------------------------------------------
Cash Used In Operating
Activities                            (2,806)          (914)       (1,090,620)
------------------------------------------------------------------------------
Cash Flow From Financing
Activities
Increase in loans payable                125              -            10,951
Stock issued on account of
  purchase of assets                       -              -            30,321
Note payable on account of
  purchase of assets                  (4,528)             -         4,297,248
Issuance of common stock for
  cash                                     -              -           216,374
Donated capital                            -            546           818,871
Decrease in Loan from Director             -              -                 -
------------------------------------------------------------------------------
Cash Provided by Financing
Activities                            (4,403)           546         5,373,765
------------------------------------------------------------------------------
Cash Flow From Investing
  Activities
Purchase of fixed assets                   -              -           (49,510)
Disposal of fixed assets               7,287              -             7,287
Acquisition of marketable
  securities                               -              -           (36,100)
Acquisition of patents rights              -              -        (4,204,744)
------------------------------------------------------------------------------
Cash Used In Investing
  Activities                           7,287              -        (4,283,067)
------------------------------------------------------------------------------
Increase (Decrease) In Cash               78           (368)               78
------------------------------------------------------------------------------
Cash Balance at beginning
  of period                                -            368                 -
Net increase (decrease) in cash           78           (368)               78
                                ----------------------------------------------
Balance at end of period                  78              -                78
                                ----------------------------------------------
------------------------------------------------------------------------------

</TABLE>

                                            Page Six

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FROM INCEPTION (SEPTEMBER 21, 1998) TO SEPTEMBER 30, 2003
UNAUDITED

<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>          <C>          <C>
September 21, 1998-
   issued for cash               3,000,000    $    3,000    $    5,016    $        0   $        0    $    8,016

Net loss for year ended
   December 31, 1998                     0             0             0             0       (6,841)       (6,841)
                                -----------------------------------------------------------------------------------
Balances as at
   December 31, 1998             3,000,000         3,000         5,016             0       (6,841)        1,175
                                -----------------------------------------------------------------------------------
February 28, 1999 - issued
   from sale of public
   offering                        767,000           767        37,591             0            0        38,358

Net loss for year ended
   December 31, 1999                     0             0             0             0      (28,815)      (28,815)
                               -----------------------------------------------------------------------------------
Balances as at
   December 31, 1999             3,767,000         3,767        42,607             0      (35,656)       10,718
                               -----------------------------------------------------------------------------------
March 10, 2000 -
   issued for cash               3,000,000         3,000        27,000             0            0        30,000

March 28 2000 -
   issued for services           1,675,000         1,675     2,929,575             0            0     2,931,250

April 24, 2000 - issued for
   advertising services          1,000,000         1,000     1,199,000             0            0     1,200,000

June 5, 2000 - issued for
   services                        200,000           200       119,800             0            0       120,000

June 15, 2000 - issued for
   services                        944,220           944       376,744             0            0       377,688

July 21, 2000 - issued for
   services                        500,000           500       134,500             0            0       135,000

July 21, 2000 - issued for
   services                      2,000,000         2,000       538,000             0            0       540,000

</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Seven
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FROM INCEPTION (SEPTEMBER 21, 1998) TO SEPTEMBER 30, 2003 (CONTINUED)
UNAUDITED

<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>          <C>          <C>


July 14, 2000 - issued for
   services                        575,000           575       154,675             0            0       155,250

August 7, 2000 - issued for
   services                        660,000           660       184,140             0            0       184,800

September 13, 2000 - issued
   for services                    760,000           760       212,040             0            0       212,800

November 9, 2000 - issued
   for services                  5,000,000         5,000     1,395,000             0            0     1,400,000

December 22, 2000 - issued
   for services                  5,720,500         5,720     1,596,020             0            0     1,601,740

Shareholder donated capital              0             0             0       730,936            0       730,936

Net Loss for year ended
   December 31, 2000                     0             0             0             0   (4,391,448)   (4,391,448)
                               -----------------------------------------------------------------------------------
Balances as at
  December 31, 2000            25,801,720         25,801     8,909,101       730,936   (4,427,104)    5,238,734

March 2, 2001 - issued for
   services                     10,890,000        10,890       479,160             0            0       490,050

April 11, 2001 - issued for
   services                     22,625,000        22,625       181,000             0            0       203,625

April 11, 2001 - sold shares
   to qualified investor        12,500,000        12,500        57,500             0            0        70,000

May 15, 2001 - sold shares
   to qualified investor        12,500,000        12,500        57,500             0            0        70,000

June 1, 2001 - issued for
   services                      3,500,000         3,500       171,500             0            0       175,000

Shareholder paid expenses
   of business                           0             0             0        87,935            0        87,935

</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Eight
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FROM INCEPTION (SEPTEMBER 21, 1998) TO SEPTEMBER 30, 2003 (CONTINUED)
UNAUDITED

<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>          <C>          <C>

2001 - issued restricted
   shares                        6,601,633         6,602             0             0            0         6,602

Net Loss for year ended
  December 31, 2001                      0             0             0             0   (6,455,933)   (6,455,933)
                               -----------------------------------------------------------------------------------
Balances as at
   December 31, 2001            94,418,353        94,418     9,855,761       818,871  (10,833,037)     (113,987)

November 15, 2002 - Reverse
   Stock Split (14.525:1)      (87,917,971)      (87,918)      87,918              0            0             0
                               -----------------------------------------------------------------------------------
Write-off of shareholder
   loan to the Company

Balances - post stock split      6,500,382         6,500     9,943,679       818,871  (10,833,037)     (113,987)

December 9, 2002 - issued
   for asset purchase           30,320,522        30,321             0             0            0        30,321

December 9, 2002 - issued
   for services                  4,087,000         4,087         4,087             0            0         8,174

Net Income for year ended
   December 31, 2002                     0             0             0             0       87,033        87,033
                               -----------------------------------------------------------------------------------
Balances as at
   December 31, 2002            40,907,934    $   40,908    $9,947,766    $  818,871 $(10,796,004)   $   11,541
                               -----------------------------------------------------------------------------------
January 15, 2003 - cancelled
   consulting services of
   GCD Investments, LLC           (500,000)         (500)         (500)            0            0        (1,000)

January 15, 2003 - cancelled
   consulting services of
   Rodney R. Schoemann            (150,000)         (150)         (150)            0            0          (300)

April 8, 2003 - issued
   for services                     70,000            70            70             0            0           140
</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Nine
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FROM INCEPTION (SEPTEMBER 21, 1998) TO SEPTEMBER 30, 2003 (CONTINUED)
UNAUDITED

<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>         <C>            <C>

April 8, 2003 - issued
   for services                    100,000           100           100             0            0           200

May 20, 2003 - issued
   for services                     30,000            30            30             0            0            60

May 20, 2003 - issued
   for services                  2,000,000         2,000         2,000             0            0         4,000

May 20, 2003 - issued
   for services                    200,000           200           200             0            0           400

May 20, 2003 - issued
   for services                    100,000           100           100             0            0           200

June 9, 2003 - issued
   for services                 (2,000,000)       (2,000)       (2,000)            0            0        (4,000)

June 24, 2003 - issued
   for services                    500,000           500           500             0            0         1,000

June 28, 2003 - issued
   for services                    400,000           400           400             0            0           800

June 30, 2003 - issued
   for services                    500,000           500           500             0            0         1,000

Net Loss for six months
   ended June 30, 2003                   0             0             0             0       (9,182)       (9,182)

Balances as at                            -----------------------------------------------------------------------------------
   June 30, 2003                42,157,934    $   42,158    $9,949,016    $  818,871 $(10,932,600)   $ (122,555)
                               -----------------------------------------------------------------------------------
</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Ten
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FROM INCEPTION (SEPTEMBER 21, 1998) TO SEPTEMBER 30, 2003 (CONTINUED)
UNAUDITED

<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>         <C>            <C>

July 9, 2003 - issued
   for services                     50,000            50            50                                      100

July 10, 2003 - issued
   for services                    125,000           125           125                                      250

August 10, 2003 - issued
   for services                    125,000           125           125                                      250

September 10, 2003 - issued
   for services                    125,000           125           125                                      250

Net Loss for three months ended
   September 30, 2003                                                                     (64,674)      (64,674)

Balances as at                -----------------------------------------------------------------------------------
   September 30, 2003           42,582,934    $   42,583    $9,949,441    $  818,871 $(10,997,274)   $ (186,379)
                               -----------------------------------------------------------------------------------
</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Eleven

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

1.     ORGANIZATION AND BASIS OF PRESENTATION

       Nature of Business

       Multi-Tech International, Corp. (the "Company") was incorporated on
       September 21, 1998 under the laws of the State of Nevada. The
       Company was originally incorporated under the name of Oleramma Inc.
       On April 28, 1999, the Company changed its name to BuckTV,Com, Inc.
       on the basis that the Company would market consumer products
       through an Interactive Web site. The Company's primary business
       operations are to engage in any lawful activity.  The Company again
       changed its name in November 2002 to Multi-Tech International, Corp
       to more accurately describe the direction in which the Company has
       taken which is more accurately described below reflecting the
       acquisition made on November 15, 2002 as set out in Note 7 below.
       The Company trades on OTCBB as MLTI.

       On November 13, 2003 the Company agreed to mutually void the
       transaction of November 15, 2002, whereby the Company acquired all the
       assets of AlphaCom, Inc., setting a new strategic direction for the
       Company.  The Company's principal business was in the field of spectrum
       technologies for communications.

       The Company is focused on acquiring profitable businesses so that it
       can move forward positively.

       The Company's fiscal year end is December 31.

       Development Stage Enterprise

       The Company has no revenues and has just commenced operations. The
       Company's activities are accounted for as those of a "Development
       Stage Enterprise" as set forth in Financial Accounting Standards
       Board Statement No. 7 ("SFAS 7").  Among the disclosures required
       by SFAS 7 are that the Company's financial statements be identified
       as those of a development stage company, and that the statements of
       operations, stockholders' equity(deficit) and cash flows disclose
       activity since the date of the Company's inception.

2.     SIGNIFICANT ACCOUNTING POLICIES

       Basis of Accounting

       These financial statements are presented on the accrual method of
       accounting in accordance with generally accepted accounting
       principles accepted in the United States.  In the opinion of
       management, these interim financial statements include all
       adjustments necessary in order to make them not misleading..

       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 the 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 may differ from those estimates.

                                       Page Twelve
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

2.     SIGNIFICANT ACCOUNTING POLICIES  (CONTINUED)

       Cash and Cash Equivalents

       The Company considers all highly liquid debt instruments and
       investments, purchased with an original maturity date of three
       months or less, to be cash equivalents.

       Fixed Assets

       All fixed assets are recorded at their acquisition price. Since
       these assets were acquired on November 15, 2002, management has
       determined that these assets were put to use on January 1, 2003 and
       the Company uses straight line depreciation on these assets over their
       estimated useful life.  However, in view of the voiding of the contract
       to acquire, none of the acquired assets are owned by MLTI as of
       November 13, 2003.

       Income Taxes

       The Company accounts for income taxes under SFAS No. 109, which
       requires the asset and liability approach to accounting for income
       taxes.  Under this method, deferred assets and liabilities are
       measured based on differences between financial reporting and tax
       bases of assets and liabilities measured using enacted tax rates
       and laws that are expected to be in effect when differences are
       expected to reverse.

       Net earnings (loss) per share

       Basic and diluted net loss per share information is presented under
       the requirements of SFAS No. 128, Earnings per Share.  Basic net
       loss per share is computed by dividing net loss by the weighted
       average number of shares of common stock outstanding for the
       period, less shares subject to repurchase.  Diluted net loss per
       share reflects the potential dilution of securities by adding other
       common stock equivalents, including stock options, shares subject
       to repurchase, warrants and convertible preferred stock, in the
       weighted-average number of common shares outstanding for a period,
       if dilutive.  All potentially dilutive securities have been
       excluded from this computation, as their effect is anti-dilutive.

       Fair Value of Financial Instruments

       The carrying amount of cash, marketable securities, prepaid
       expenses and sundry assets, accounts payable, loans payable, and
       notes payable are considered to be representative of their
       respective fair values because of the short-term nature of
       these financial instruments

2.     SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

       Recently Issued Accounting Standards

       In November 2002, the FASB issued Interpretation, or FIN, No. 45,
       "Guarantor's Accounting and Disclosure Requirements for Guarantees,
       including Indirect Guarantees of Indebtedness of Others." FIN 45
       elaborates on the existing disclosure requirements for most
       guarantees, including residual value guarantees issued in
       conjunction with operating lease agreements. It also clarifies that
       at the time a company issues a guarantee, the company must

                                    Page Thirteen

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

2.     SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

       Recently Issued Accounting Standards (continued)

       recognize an initial liability for the fair value of the obligation
       it assumes under the guarantee and must disclose that information
       in its interim and annual financial statements. The initial
       recognition and measurement provisions apply on a prospective basis
       to guarantees issued or modified after December 31, 2002  The
       disclosure requirements are effective for the financial statements
       of interim or annual periods ending after December 15, 2002. Our
       adoption of FIN 45 will not have a material impact on our results
       of operations and financial position.

       In December 2002, the FASB issued SFAS No. 148, "Accounting for
       Stock-Based Compensation -- Transition and Disclosure." This
       statement amends SFAS 123, "Accounting for Stock-Based
       Compensation," to provide alternative methods of transition for a
       voluntary change to the fair value based method of accounting
       for stock-based employee compensation. In addition, this statement
       amends the disclosure requirements of SFAS 123 to require prominent
       disclosures in both annual and interim financial statements about
       the method of accounting for stock-based accounting for employee
       compensation and the effect of the method used on reported results.
       The Company is currently evaluating whether to adopt the fair
       value based method.

       In January 2003, the FASB issued FIN No. 46, "Consolidation of
       Variable Interest Entities." FIN No. 46 requires that
       unconsolidated variable interest entities be consolidated by their
       primary beneficiaries. A primary beneficiary is the party that
       absorbs a majority of the entity's expected losses or residual
       benefits. FIN No. 46 applies immediately to variable interest
       entities created after January 31, 2003 and to existing variable
       interest entities in the periods beginning after June 15, 2003. Our
       adoption of FIN No. 46 will not have a material impact on our
       results of operations and financial position.

       On April 30, 2003 the FASB issued Statement No. 149, "Amendment of
       Statement 133 on Derivative Instruments and Hedging Activities." The
       Statement amends and clarifies accounting for derivative instruments,
       including certain derivative instruments embedded in other contracts,
       and for hedging activities under Statement 133. The amendments set forth
       in Statement 149 improve financial reporting by requiring that contracts
       with comparable characteristics be accounted for similarly. In
       particular, this Statement clarifies under what circumstances a contract
       with an initial net investment meets the characteristic of a derivative
       as discussed in Statement 133. In addition, it clarifies when a
       derivative contains a financing component that warrants special
       reporting in the statement of cash flows. This Statement is effective
       for contracts entered into or modified after June 30, 2003.

                                       Page Fourteen

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

2.     SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

       Recently Issued Accounting Standards (continued)

       On May 15, 2003 the FASB issued Statement No. 150, "Accounting for
       Certain Financial Instruments with Characteristics of both Liabilities
       and Equity". The Statement improves the accounting for certain financial
       instruments that, under previous guidance, issuers could account for as
       equity. The new Statement requires that those instruments be classified
       as liabilities in statements of financial position. In addition to its
       requirements for the classification and measurement of financial
       instruments in its scope, Statement 150 also requires disclosures about
       alternative ways of settling the instruments and the capital structure
       of entities, all of whose shares are mandatorily redeemable. Most of
       the guidance in Statement 150 is effective for all financial instruments
       entered into or modified after May 31, 2003.

       The company believes that none of the recently issued accounting
       standards will have a material impact on the financial statements.

3.     MARKETABLE SECURITIES

       Management determines the appropriate classification of
       investments in debt and equity securities at the time of purchase
       and re-evaluates such designation as of each subsequent balance
       sheet date. Securities for which the Company has the ability and
       intent to hold to maturity are classified as "held to maturity".
       Securities classified as "trading securities" are recorded at fair
       value. Gains and losses on trading securities, realized and
       unrealized, are included in earnings and are calculated using the
       specific identification method. Any other securities are classified
       as "available for sale." At September 30, 2003 all securities were
       classified as trading securities.

       As part of the purchase price of the assets of Alphacom, Inc as
       more particularly described in Note 7 the Company received 277,698
       shares of American Millenium Corporation trading on OTCBB under the
       symbol of AMCI.OB.  This Company has approximately 45 million shares
       outstanding to date.  The current market value of the stock is $0.16
       per share or $44,432.  However, as a result of the voiding of the Asset
       Purchase Agreement effective November 13, 2003, the asset was returned
       to AlphaCom, Inc. and it is no longer owned by MLTI.

4.     CAPITAL STOCK TRANSACTIONS

       On September 22, 1998, the Company issued 3,000,000 shares of its
       $0.001 par value common stock for cash of $8,016.

       On February 28, 1999, the Company completed a public offering that
       was registered with the State of Nevada pursuant to N.R.S. 90.490
       and was exempt from federal registration pursuant to Regulation D,
       Rule 504 of the Securities Act of 1933 as amended.  The Company
       sold 767,000 shares of Common Stock at a price of $0.05 per share
       for a total amount raised of $38,360.

                                       Page Fifteen

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

4.     CAPITAL STOCK TRANSACTIONS (CONTINUED)

       On March 10, 2000, the Company issued 3,000,000 shares of its
       $0.001 par value common stock for cash of $30,000.

       On March 28, 2000, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       1,675,000 shares of its $0.001 par value common stock for services
       to the Company for a total consideration of $ 2,931,250.

       On April 24, 2000, by Board Resolution the company issued 1,000,000
       restricted 144 shares to BuckBuilders.com, Inc., for advertising
       the Company's website and auction partners plan for a total
       consideration of $ 1,200,000.

       On June 5, 2000, by Board Resolution the Company issued 200,000
       restricted 144 shares to OTC Live, Inc for services for a total
       consideration of $ 120,000.

       On June 15, 2000, by Board Resolution the Company issued 944,220
       restricted 144 shares to Myfreestore.com for services rendered for
       a total consideration of $ 377,688.

       On July 14, 2000, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional 575,000
       shares of its $0.001 par value common stock for services to the
       Company for a total consideration of $ 155,250.

       On July 21, 2000, by Board Resolution the company issued 500,000
       restricted 144 shares to Rodney Schoemann, Sr. for services
       rendered for a total consideration of $ 135,000.

       On July 21, 2000, by Board Resolution the company issued 2,000,000
       restricted shares to BuckBuilders.com, Inc. for services rendered
       for a total consideration of $ 540,000.

       On August 17, 2000 the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional 660,000
       shares of its $0.001 par value common stock for services to the
       Company for a total consideration of $ 184,800.

       On September 13, 2000, by Board Resolution, the Company issued
       760,000 restricted 144 shares to Washington Hamilton Group, for
       services to the Company for a total consideration $ 212,800.

       On November 9, 2000, by Board Resolution, the Company issued
       5,000,000 shares of restricted 144 shares to Bry Behrmann and Larry
       E Hunter for services rendered for a total consideration of
       $1,400,000.

       On December 22, 2000, the Company issued 5,720,500 shares of
       restricted 144 shares to Stephen Bishop for services rendered for a
       total consideration of $ 1,601,740.

       On March 2, 2001, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       10,890,000 shares of its $0.001 par value common stock for services
       to the Company.

                                       Page Sixteen

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

4.     CAPITAL STOCK TRANSACTIONS (CONTINUED)

       On April 11, 2001, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       22,625,000 shares of its $0.001 par value common stock for services
       to the Company.

       On April 11, 2001 the Company issued 12,500,000 shares of its
       $0.001 par value common stock for $70,000 cash, to a qualified
       investor.

       On May 15, 2001 the Company issued 12,500,000 shares of its $0.001
       par value common stock for $70,000 cash, to a qualified investor.

       On June 1, 2001, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       3,500,000 shares of its $0.001 par value common stock for services
       to the Company for a total consideration of $ 175,000.

       During various times of the year 2001, the Company issued a total
       of 6,601,633 shares of its $0.001 par value common stock for
       services to the Company.

       On November 20, 2002 the Company filed Form 8-K with the U.S.
       Securities and Exchange Commission indicating that at a Board Of
       Directors' meeting held on October 25, 2002 the Board announced a
       14.525 to 1 reverse stock split, after which there were six million
       five hundred thousand and three hundred and eighty-two (6,500,382)
       common shares outstanding.

       On November 20, 2002 the Company filed Form 8-K with the U.S.
       Securities and Exchange Commission indicating that the Company had
       acquired all of the assets of AlphaCom, Inc. in exchange for
       30,320,552 of its $0.001 par value of common stock and a note for
       $4,319,000.
       On December 9, 2002 the Company issued 3,087,000 of its $0.001 par
       value common stock in exchange for services to the Company for a
       total consideration of $6,174.

       On December 12, 2002 the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued one million
       (1,000,000) of its $0.001 par value common stock in exchange for
       services to the Company for a total consideration of $2,000.

       On January 15, 2003, certain consulting agreements were cancelled
       which resulted in the cancellation of 650,000 shares of common
       stock.

       On April 4, 2003 the Company filed Form S-8 with the U.S. Securities
       and Exchange Commission and issued one hundred and thirty-five
       thousand (135,000) of its $0.001 par value common stock in exchange
       for services to the Company for a total consideration of $270.

       On April 8, 2003 the Company issued 35,000 shares of its $0.001 par
       value common stock in exchange for services to the Company for a
       total consideration of $70.

       On May 19, 2003 the Company filed Form S-8 with the U.S. Securities
       and Exchange Commission and issued two million three hundred and
       thirty thousand (2,330,000) shares of its $0.00I par value stock
       in exchange for services to the Company for a total consideration
        of $4,660.

                                       Page Seventeen

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

4.     CAPITAL STOCK TRANSACTIONS (CONTINUED)

       On June 9, 2003 the Company cancelled a certain consulting
       agreement, which resulted in the cancellation of 2,000,000 shares
       of common stock.

       On June 2, 2003 the Company filed Form S-8 with the U.S. Securities
       and Exchange Commission for two million (2,000,000) shares of its
       $0.001 par value common stock in exchange for services to the company
       for a total consideration of $4,000.  The agreement called for
       scheduled issuance of shares based upon performance, and the Company
       issued 500,000 shares of common stock as its initial payment, in
       exchange for services to the Company for a total consideration of
       $1,000.

       On June 28, 2003 the Company issued 400,000 shares of its $0.001
       par value common stock as consideration for entering into an
       employment agreement with the Secretary/Treasurer/CFO, for a
       total consideration of $800.

       On June 30, 2003 the Company issued 500,000 shares of its $0.001 par
       value stock as agreed in the separation agreement with its President,
       for a total consideration of $1,000.

       On July 10, 2003 the Company issued 125, 000 shares of its $0.001 par
       value stock pursuant to the June 2, 2003 registration statement.

       On August 10, 2003 the Company issued 125, 000 shares of its $0.001 par
       value stock pursuant to the June 2, 2003 registration statement.

       On September 10, 2003 the Company issued 125, 000 shares of its $0.001
       par value stock pursuant to the June 2, 2003 registration statement.

5.     INCOME TAXES

       There has been no provision for U.S. federal, state, or foreign
       income taxes for any period because the Company has incurred losses
       in all periods and for all jurisdictions.

       Deferred income taxes reflect the net tax effects of temporary
       differences between the carrying amounts of assets and liabilities
       for financial reporting purposes and the amounts used for income tax
       purposes. Significant components of deferred tax assets are as
       follows:

       Deferred tax assets
          Net operating loss carry forwards               $10,997,274
          Valuation allowance for deferred tax assets     (10,997,274)
                                                          ------------
          Net deferred tax assets                         $         -
                                                          ------------
                                                          ------------

       Realization of deferred tax assets is dependent upon future
       earnings, if any, the timing and amount of which are uncertain.
       Accordingly, the net deferred tax assets have been fully offset by
       a valuation allowance. As of September 30, 2003, the Company had net
       operating loss carry forwards of approximately $10,997,274 for
       federal and state income tax purposes.  These carry forwards, if

                                   Page Eighteen

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

5.     INCOME TAXES (CONTINUED)

       not utilized to offset taxable income begin to expire in 2013.
       Utilization of the net operating loss may be subject to substantial
       annual limitation due to the ownership change limitations provided
       by the Internal Revenue Code and similar state provisions.  The
       annual limitation could result in the expiration of the net
       operating loss before utilization.


6.     COMMITMENTS

       All information in this category is superceed by the November 13, 2003
       voiding of the Asset Purchase Agreement with AlphaCom, Inc., which was
       executed on November 14, 2002

       Contracts

       On the purchase of assets from Alphacom, Inc. as set out in 7
       the Company has the following licenses and/or joint venture
       agreements in place.  These Assets were returned to AlphaCom, Inc., as
       a result of the mutual voiding of the agreement on November 13, 2003.

       UNT, INC.

       The Company has entered into a licensing agreement with UNT, Inc.,
       a Pennsylvania company on July 29, 2002 which supercedes the
       original agreement entered into by Alphacom, Inc. in March 1999.
       The new agreement covers the territories of Israel and the Ukraine
       and calls for UNT, Inc. to remit to Alphacom 50% of any sublicense
       fees and to receive an ongoing royalty of $ 2.00 per Subscriber per
       month whether such Subscriber is being billed for services or not.
       This agreement expires in July 2012.  This asset was returned to
       AlphaCom, Inc., as a result of the mutual voiding of the agreement
       on November 13, 2003.

       E:GO SYSTEMS.COM PLC

       On March 6, 2000, Alphacom, Inc. entered into an exclusive license
       arrangement with E:Go Systems.com PLC which covers most of the
       European Union Countries.  The initial license fee was $ 500,000
       cash and $ 500,000 of equivalent value in the shares of E:Go.  The
       Company is to receive an ongoing royalty of $2.00 per Subscriber
       per month whether such Subscriber is being billed for services or
       not.  Additional license fees will be payable totaling 50% of such
       license fees payable by sublicensees introduced by E:Go, or 70% if
       such sublicensees are introduced by the Company.  This asset was
       returned to AlphaCom, Inc., as a result of the mutual voiding of the
       agreement on November 13, 2003.

       ITM

       There is also an existing Joint Venture Master License agreement
       with ITM Group which covers the countries of Asia, Eastern
       Europe and South America. ITM and Alphacom have established a joint
       venture under the name of Alphacom International, Ltd. of which
       Alphacom owns 5%.  The Joint Venture has agreed to pay to Alphacom
       50% of any sublicensing fees earned up until such payments equal
       $37,500,000 and in addition Alphacom shall receive an ongoing
       royalty of $2.00 per Subscriber per month whether such Subscriber
       is being billed for services or not.  This asset was returned to
       AlphaCom, Inc., as a result of the mutual voiding of the agreement
       on November 13, 2003.

                                    Page Nineteen

<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO INTERIM FINANCIAL STATEMENTS
AS AT SEPTEMBER 30, 2003
(UNAUDITED)

7.     ACQUISITION OF ASSETS OF ALPHACOM, INC.

       All information in this category is superceed by the November 13, 2003
       voiding of the Asset Purchase Agreement with AlphaCom, Inc., which was
       executed on November 14, 2002

       On November 14, 2002, the Company acquired the assets in a non-cash
       transaction of AlphaCom, Inc. a Nevada Corporation. The assets
       generally consist of physical and intellectual property. The value
       of the assets is approximately 4.4 million dollars, based on the
       results of an examination of the seller's audited and unaudited
       financial statements. The Company believes that this valuation is
       the current fair market value of the assets. The Company acquired
       the assets in exchange for 30,320,552 shares of its common stock
       and a promissory note in the amount of $4,319,000. For the purposes
       of this transaction the stock of the Company was valued at
       $0.002/share, the company's average market share price for the past
       week.  The purchase price may be adjusted downward regarding the
       issuance common stock to the seller if the Company does not secure
       equity funding and/or licensed revenue in the amount of $10,000,000
       during the next twelve months. The adjustment would be based on a
       percentage of the amount actually raised to the total agreed upon
       of $10,000,000. There is no material relationship between AlphaCom,
       Inc., and the registrant or any of its affiliates, any director or
       officer of the registrant, or any associate of any such director or
       officer. The shares used to accomplish the acquisition were derived
       from the Company treasury and are deemed to be restricted, illiquid
       shares pursuant to Rule 144 of Regulation D of the Securities Act.

       This contract was mutually voided on November 13, 2003.

8.     GOING CONCERN

       The accompanying financial statements have been prepared in
       conformity with generally accepted accounting principles, which
       contemplates continuation of the Company as a going concern.

       The future success of the Company is likely dependent on its
       ability to attain additional capital to develop its proposed
       technologies and ultimately, upon its ability to attain future
       profitable operations.  There can be no assurance that the
       Company will be successful in obtaining financing, or that it will
       attain positive cash flow from operations.

9.     SUBSEQUENT TO SEPTEMBER 30, 2003

       On November 11, 2003 the Company issued 100,000 shares of its $.001
       par value stock in exchange for services valued at $200.

       On November 14, 2003 the Company issued 1,000,000 shares of its $0.001
       par value stock in exchange for services valued at $2,000.

       On November 14, 2003 the company issued 100,000 shares of its $0.001
       par value stock as a loan incentive to a $15,440.16, 10% annual
       interest rate loan.

       On November 14, 2003 the company cancelled 30,320,552 shares held in
       escrow pursuant to an Asset Purchase Agreement dated November 14, 2002.
       The agreement was voided by mutual consent of the parties.

       On November 14, 2003 the Company issued 4,604,538 shares of
       its $0.001 par value common stock to settle debts totaling $23,022.69.

                                     Page Twenty

<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Caution

     Certain statements in this Quarterly Report on Form 10-QSB, our audited
financial statements for the fiscal year ended December 31, 2002 as filed in
our amended annual report on Form 10-KSB/A, as well as statements made by us
in periodic press releases, oral statements made by our officials to analysts
and shareholders in the course of presentations about ourselves, constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.  Such forward-looking statements involve known
and unknown risks, uncertainties, and other factors that may cause the actual
results, performance or achievements of us to be materially different from
any future results, performance or achievements expressed or implied by the
forward looking statements.  Such factors include, among other things, (1)
general economic and business conditions; (2) interest rate changes; (3) the
relative stability of the debt and equity markets; (4) competition; (5) the
availability and cost of our products; (6) demographic changes;
(7) government regulations particularly those related to automatic vehicle
location industry; (8) required accounting changes;  (9) equipment
failures, power outages, or other events that may interrupt Internet
communications; (10) disputes or claims regarding our proprietary rights to
our software and intellectual property; and (11) other factors over which we
have little or no control.

Background and Organization

     Multi-Tech International, Corp., a developmental stage company,
hereinafter referred to as "the Company", "we" or "us", was originally
organized by the filing of Articles of Incorporation with the Secretary of
State of the State of Nevada on September 21, 1998 under the name Oleramma,
Inc. The Articles of Incorporation authorized the issuance of one hundred one
hundred five million (105,000,000) shares, consisting of one hundred million
(100,000,000) shares of Common Stock at par value of $0.001 per share and five
million (5,000,000) shares of Preferred Stock at par value of $0.001. As of
September 30, 2003, we had 42,582,934 shares of Common Stock outstanding, no
Preferred Stock issued or outstanding, options to purchase 50,000 shares of
Common Stock at $1.00 per share and options to purchase 50,000 shares of
Common Stock at $1.50 per share.

     We were a company that hoped to develop a genetically engineered Pima
Cotton seed, with a virus fatal to the bollworm.  It was our hope to enter
the marketplace as the first genetically engineered Pima cotton, which is
genetically superior in combating infestations.  Unfortunately we were not
able to achieve our original goals and on December 31, 2000 we changed our
name to BUCKTV.COM, Inc. pursued and began a new direction. At this time our
principal business strategy was to market consumer products through an
Interactive Website, and to promote this Website through commercial radio
promotions, and Internet search engines, utilizing the talent and skills of
a famous radio/television personality. However, this was unsuccessful and
we began a search for new opportunities.

     On November 15, 2002, pursuant to an Asset Purchase Agreement (the
"Agreement") we acquired all the assets of AlphaCom, Inc. ("Alphacom"),
setting a new strategic direction for the Company, and changed the name of
the Company to Multi-Tech International, Inc. ("Multi-Tech" OTCBB:MLTI) and
new management joined the Company.  On November 13, 2003 it was mutually
agreed to void this agreement.  In connection with this the Company is now
actively pursuing profitable companies to acquire, merge or otherwise enter
into a business combination.


                                       Page Twenty One

<PAGE>

Asset Purchase Agreement

     Pursuant to the Agreement we issued a total of 30,320,552  shares of
our Common Stock (the "Shares") and a promissory note in the amount of
$4,319,000 payable to Alphacom representing 74.1 percent of our outstanding
shares of Common Stock in exchange for all of the assets of Alphacom
including all business and technologic developments and licensing and
marketing rights to such assets.  The Shares are being held in escrow for 12
months pursuant to the terms of the Agreement, and are subject to downward
adjustment based upon financial contingencies set forth in the Agreement.
The acquisition has been accounted for under purchase method accounting.
As a condition to the closing we effected a 1-for-14.525 reverse split of
our Common Stock in November 2002.  This Agreement was voided by both parties
on November 13, 2003 and the note was cancelled and the issuance of the shares
was also cancelled.

Lack of Liability Coverage

     We do not maintain any liability coverage.  In the event of any claim
against us or any of our assets we may not have the resources to defend the
Company which could have a material adverse effect on the future prospects.

Pursuit of Strategic Acquisitions and Alliances

     We believe there are numerous opportunities to acquire other businesses
with established bases, compatible operations, experience with additional
synergistic aspects, and experienced management.  We believe, that these
acquisitions, if successful, will result in mutually beneficial opportunities,
and could lead to an increase in our revenue and income growth.  We intend to
seek opportunities to acquire businesses, services and/or technologies that
we believe will complement our business operations.  We plan to seek
opportunistic acquisitions that may provide complementary services, expertise
or access to certain markets.  No specific acquisition candidates have been
identified, and no assurance can be given that any transactions will be
effected, or if effected, will be successful.

     In addition, we may execute strategic alliances with partners who have
established operations.  As part of these joint venture agreements, we may
make investments in or purchase a part ownership in these joint ventures.
We believe that joint venture relationships, if successful, will result in
synergistic opportunities, allowing us to gain additional insight, expertise
and penetration in markets where joint venture partners already operate, and
may increase our revenue and income growth.  No specific joint venture
agreements have been signed, and no assurance can be given that any
agreements will be effected, or if effected, will be successful.

     At present, the Company is utilizing the resources of its major
shareholders and directors to fund operations.  Nominal funds have been
received from sales to date of $4,280 and from the sale of some of the
Company's equipment totaling $7,287 and will not increase significantly
over the next twelve months.

     The Company has not achieved revenues or profitability to date, and the
Company anticipates that it will continue to incur net losses for the
foreseeable future.  The extent of these losses will depend, in part, on the
amount of growth in the Company's revenues from licensing of its technology.
As of September 30, 2003,the Company had an accumulated deficit of Ten
Million Nine Hundred and Ninety-Seven Thousand Two Hundred and Seventy-
Four ($10,997,274) dollars.  The Company expects that its operating expenses
will increase significantly during the next several months, especially in the
areas of business development and sales and marketing.  Thus, the Company will
need to generate increased revenues to achieve profitability.  To the extent
that increases in its operating expenses precede or are not subsequently
followed by commensurate increases in revenues, or that the Company is unable
to adjust operating expense levels accordingly, the Company's business,
results of operations and financial condition would be materially and
adversely affected.  There can be no assurances that the Company can achieve
or sustain profitability or that the Company's operating losses will not
increase in the future.

                                  Page Twenty Two

<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

     The Company's capital requirements have historically consisted of funding
operations and capital expenditures through the sale of common stock and the
exchange of common stock for services.  The Company has no significant revenue
from operations.

     Net cash used in operating activities for the six months ended September
30, 2003 was ($2,806) compared with cash provided from operating activities for
the year ended December 31, 2002 of $234,623 which included a gain on settlement
of debt of $300,000.

     The Company's working capital deficiency is currently $4,425,635 compared
with $4,239,588 at the year end.  The greatest portion of the deficiency
relates to a note payable in connection with the asset purchase, which may be
reduced if certain conditions relating to the asset purchase as described
above.  This note was cancelled on November 13, 2003, as a result of the
mutually voiding of the agreement that generated the note.

     The ability of the Company to meet its business objectives as described
above depend upon the Company raising the required capital.  The Company is
exploring a number of funding opportunities at the moment.  Discussions have
been on a verbal basis only to date.

     The Company has no material commitments for capital expenditures nor does
it foresee the need for such expenditures over the next year.

RESIGNATION OF OFFICERS AND DIRECTORS
     David Boon resigned as Chief Operating Officer on March 30, 2003.
     Steven Coutoumanos resigned as Chief Executive Officer on June 9,
       2003 and as a member of the Board of Directors on June 25, 2003.
     Mark P. Wing resigned as a member of the Board of Directors on June 25,
       2003.
     Reverend Richard Rasch resigned as a member of the Board of Directors on
       June 25, 2003.
     John J. Craciun, III resigned as President and member of the Board of
       Directors on June 30, 2003.

CURRENT BOARD OF DIRECTORS AND OFFICERS
     Dr. David F. Hostelley, CPA    Board of Directors    Interim President,
                                                          Secretary/Treasurer,
                                                          and CFO.

     Dr. Dennis Byrne               Board of Directors    Assistant Secretary

     The Board of Director is actively seeking other Board members and a
President with communications technology background.

ITEM 3.  CONTROLS AND PROCEDURES

     Within 90 days prior to the date of this report under the supervision and
participation of certain members of the Company's management, including the
President and the Principal Financial Officer, the Company completed an
evaluation of the effectiveness of the design and operation of its disclosure
controls and procedures (as defined in Rules 13a - 14 and 15d - 14c to the
Securities Exchange Act of 1934, as amended).  Based on this evaluation, the
Company's President and Principal Financial Officer believe that the
disclosure controls and procedures are effective with respect to timely
communicating to them and other members of management responsible for
preparing periodic reports all material information required to be disclosed
in this report as it relates to the Company.

                                   Page Twenty Three

<PAGE>

                          PART II OTHER INFORMATION

ITEM 1.  Legal Proceedings

     Not Applicable.

ITEM 2.  Changes in Securities and Use of Proceeds

     Not Applicable.

ITEM 3.  Defaults upon Senior Securities

     Not Applicable.

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

     Not Applicable.

ITEM 5.  Other Information

     Not Applicable.

ITEM 6.  Exhibits and Reports on Form 8-K

    (a)  Exhibits

         31.1  Certification pursuant to Section 302 of the Sarbanes -Oxley
               Act of 2002 (18 U.S.C. SECTION 1350)

         32.1   Certification by David F. Hostelley, Interim President, &
                Principal Financial Officer pursuant to 18 U.S.C. Section 1350,
                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

    (b)  Reports on Form 8-K.

         Form 8-K filed January 8, 2003 reporting Items 2 and 6.

         Form 8-K filed April 24, 2003 reporting Changes in Registrant's
         Certifying Accountant

         Form 8-K filed June 4, 2003 amending the April 24, 2003 8-K
         reporting Changes in Registrant's Certifying Accountant

         Form 8-K filed July 2, 2003 reporting Change of Address and Phone
         Number of Registrant; Resignation of four (4) members of the Board
         of Directors, two of which were officers, the President and the CEO.
         Also announcing that board member and CFO will also act as interim
         President.

          Form 8-K filed August 8, 2003 reflecting a complaint by the SEC
          against the President of AlphaCom, Inc. alleging, among other
          allegations, that the ownership of the VMSK technology, which the
          Registrant purchased on November 14, 2002, was not owned by AlphaCom,
          Inc. The Registrant's management is investigating these allegations.

             SIGNATURES

          In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Date:  January 12, 2004              Multi-Tech International, Corp.

                                     By:  /s/ David F. Hostelley
                                          -----------------------
                                          David F. Hostelley
                                          Interim President


Date:  January 12, 2004              By:  /s/ Dr. David F. Hostelley
                                          -----------------------
                                          Dr. David F. Hostelley
                                          Principal Financial Officer

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