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

                                   FORM 10-QSB

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

          For the Quarterly Period Ended March 31, 2003

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

          For the transition period from _________ to _________

                        Commission File Number: 000-27045

                          INTERNATIONAL WIRELESS, INC.
        ----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

                 Maryland                                    36-4286069
      --------------------------------                    -------------------
     (State or other jurisdiction of                     (I.R.S. Employer
      incorporation or organization)                     Identification Number)


        110 Washington Avenue, 4th Floor, North Haven, Connecticut 06473
 -------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                  203-234-6350
                           --------------------------
                           (Issuer's telephone number)

                                 Not applicable
               ---------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report.)

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

As of December 30, 2003,  the Company had  13,094,593  issued,  and  outstanding
shares of its $.009 par value common stock.

Transitional Small Business Disclosure Format:  Yes [ ]   No [X]

Documents incorporated by reference:  None.

<PAGE>

                          INTERNATIONAL WIRELESS, INC.

                                      INDEX


PART  I.  FINANCIAL  INFORMATION

     Item 1. Condensed Financial Statements

          Condensed  Balance Sheet (Unaudited) - March 31, 2003 and December 31,
          2002.

          Condensed Statements of Operations  (Unaudited) - For the Three Months
          Ended  March  31,  2003  and  2002 and for the  Period  September  27,
          2000(Inception) Through March 31, 2003

          Consolidated  Statements  of Cash  Flows  (Unaudited)  - For the Three
          Months  Ended  March 31,  2003 and 2002 and for the Period  January 1,
          2001 (Inception) Through March 31, 2003

          Notes to Condensed Consolidated Financial Statements (Unaudited)

     Item  2.  Management's Discussion and Analysis or Plan of Operation


PART  II.  OTHER INFORMATION

     Item  1.  Legal Proceedings

     Item  2.  Changes in Securities and Use of Proceeds

     Item  3.  Defaults Upon Senior Securities

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

     Item  5.  Other Information

     Item  6.  Exhibits and Reports on Form 8-K


SIGNATURES

                                        2
<PAGE>
<TABLE>
<CAPTION>

ITEM 1. FINANCIAL STATEMENTS


                   INTERNATIONAL WIRELESS, INC. AND SUBSIDIARY
                          (A Development Stage Company)

                            CONDENSED BALANCE SHEETS

                                     ASSETS

                                              March 31, 2003   December 31, 2002
                                               (Unaudited)         (Audited)
                                              --------------   -----------------
<S>                                             <C>                <C>
CURRENT ASSETS
   Cash and cash Equivalents                                       $   24,966
   Prepaid expenses                                                    88,610
                                                                   ----------
        Total Current Assets                                          113,576

SOFTWARE, net                                   $ 671,154             715,898
PROPERTY AND EQUIPMENT, net                        89,695              96,692

OTHER ASSETS
   Security deposits                                                   24,428
                                                ----------         ----------

TOTAL ASSETS                                    $  760,849         $  950,594
                                                ==========         ==========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Bank overdraft                               $   11,032
   Accounts payable                                428,594         $  587,983
   Notes payable, related parties                   77,188            168,473
   Accrued salaries                                378,625            299,740
   Loans payable                                    15,000             19,792
   Accrued payroll taxes                           121,103            121,103
   Current portion of capital lease obligations     16,081             16,081
                                                ----------         ----------
      Total Current Liabilities                  1,047,623          1,213,172

LONG-TERM LIABILITIES
   Capital lease obligations,
      less current portion                          12,105             14,018

    STOCKHOLDERS EQUITY
       Preferred stock $.001 par value,
          5,000,000 shares authorized,
          none issued and outstanding
       Common stock, $.009 par value,  50,000,000 shares authorized;  26,473,772
        at March 31, 2003 and 23,249,442 at December 31,
        2002 issued and outstanding                238,264            209,245
      Paid-in-capital                            9,277,227          8,612,489
      Deficit accumulated during
        development stage                       (9,814,370)        (9,098,330)
                                                ----------         ----------

TOTAL STOCKHOLDERS' EQUITY DEFICIT                (298,879)          (276,596)
                                                ----------         ----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $  760,849         $  950,594
                                                ==========         ==========


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

                                        3
<PAGE>

<TABLE>
<CAPTION>
                   INTERNATIONAL WIRELESS, INC. AND SUBSIDIARY
                          (A Development Stage Company)

                      STATEMENTS OF OPERATIONS (UNAUDITED)

                                                                                      For the Period
                                                                                    September 27, 2000
                                                            Three Months Ended          (Inception)
                                                                March 31                  through
                                                            2003          2002         March 31, 2003
                                                       -------------------------    -------------------
<S>                                                    <C>            <C>               <C>
REVENUE                                                                                 $   31,093

OPERATING EXPENSES
   General and administrative expenses                 $   659,145    $1,578,167         6,358,369
   Depreciation and amortization                            51,741       224,448           269,327
                                                       -----------    ----------        ----------

      Total Operating Expenses                             710,886     1,802,615         6,627,696

OPERATING LOSS                                             710,886     1,802,615         6,596,603

OTHER EXPENSES
   Unrealized loss on sale of marketable securities                       71,337         1,665,057
   Loss on sale of marketable securities                                                 1,535,360
   Interest expense                                          5,154         3,174            17,350
                                                       -----------    ----------        ----------

     Total Other Expenses                                    5,154        74,511         3,217,767
                                                       -----------    ----------        ----------

   NET LOSS                                            $   716,040    $1,877,126        $9,814,370
                                                       ===========    ==========        ==========

NET LOSS PER COMMON SHARE -
   BASIC AND DILUTED                                   $     (0.03)   $    (0.14)       $    (1.07)
                                                       ===========    ==========        ==========

WEIGHTED AVERAGE SHARES
   OUTSTANDING                                          24,518,122    13,507,833         9,137,688
                                                       ===========    ==========        ==========


   The accompanying notes are an integral part of these financial statements.
</TABLE>
                                        4
<PAGE>

<TABLE>
<CAPTION>
                          INTERNATIONAL WIRELESS, INC.
                          (A Development Stage Company)

                      CONSOLIDATED STATEMENT OF CASH FLOWS

                                                                                              September 27, 2000
                                                               For the Three Months Ended        Inception to
                                                                       March 31,                   March 31,
                                                               --------------------------      ---------------
CASH FLOWS FROM OPERATING ACTIVITIES                             2003              2002              2003
                                                                 ----              ----              ----
<S>                                                            <C>            <C>                <C>
   Net Loss                                                    $(716,040)     $(1,877,126)       $(9,814,370)
     Adjustments to reconcile net loss to net cash
     used in operating activities:
       Depreciation                                                6,997            6,997             45,608
       Amortization of intangible asset                           44,744          217,451            223,719
       Prepaid consulting amortization                                                                83,067
       Conversion of loan receivable to consulting expenses                        12,250             20,500
       Loan receivable write off                                                                       6,324
       Unrealized loss on marketable securities                                    71,337          1,665,057
       Loss on sale of marketable securities                                                       1,535,360
       Stock based compensation                                  385,576          926,693          2,752,124
       Loan forgiveness                                          (29,409)                            (29,409)
     Changes in operating assets and liabilities:
       Decrease (increase) in prepaid expenses                    88,610           11,405
       Decrease (increase) in security deposits                   24,428
       Decrease (Increase) in accounts payable                  (124,834)         142,890            339,252
       Increase in accrued salaries                               78,885                             289,283
       Increase in accrued payroll taxes                                                             121,103
                                                               ---------      -----------         ----------
                   Total adjustments                             474,997        1,389,023          7,051,988
                                                               ---------      -----------         ----------

       NET CASH USED IN OPERATING ACTIVITIES                    (241,043)        (488,103)        (2,762,382)

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchases of property and equipment                                             (8,092)           (79,025)
   Repayment of loans receivable, related parties                                  39,699             50,000
   Proceeds from sale of marketable securities                                                       202,892
   Advances under loans receivable to related parties                                               (302,915)
                                                               ---------      -----------         ----------
       NET CASH PROVIDED (USED IN ) INVESTING
         ACTIVITIES                                                                31,607           (129,048)
                                                               ---------      -----------         ----------

CASH FLOWS FROM FINANCING ACTIVITIES
   Net proceeds from notes payable, related parties              (16,667)         (28,750)           331,747
   Payments, increased obligations on capital lease obligations   (1,913)          (2,196)            11,853
   Net proceeds from issuance of common stock                    223,625          603,973          2,536,798
                                                               ---------      -----------         ----------

     NET CASH PROVIDED BY FINANCING ACTIVITIES                   205,045          573,027          2,880,398
                                                               ---------      -----------         ----------

     NET (DECREASE) INCREASE IN CASH AND CASH
       EQUIVALENTS                                               (35,998)         116,531            (11,032)

CASH AND CASH EQUIVALENTS-BEGINNING OF YEAR                       24,966           54,310
                                                               ---------      -----------         ----------

CASH AND CASH EQUIVALENTS-END OF YEAR                          $ (11,032)     $   170,841         $  (11,032)
                                                               =========      ===========         ==========


   The accompanying notes are an integral part of these financial statements.
</TABLE>
                                        5
<PAGE>

                   INTERNATIONAL WIRELESS, INC. AND SUBSIDIARY
                          (A Development Stage Company)

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


NOTE 1 BASIS OF PRESENTATION
       ---------------------

     The  accompanying  condensed  consolidated  financial  statements have been
     prepared in accordance with generally  accepted  accounting  principles for
     interim financial information.  Accordingly, they do not include all of the
     information  and  footnotes  required  by  generally  accepted   accounting
     principles for complete financial statements. In the opinion of management,
     all  adjustments  (consisting  of  normal  recurring  accruals)  considered
     necessary in order to make the financial  statements  not  misleading  have
     been  included.  Results for the three  months ended March 31, 2003 are not
     necessarily  indicative  of the results  that may be expected  for the year
     ending December 31, 2003. For further  information,  refer to the financial
     statements and footnotes  thereto included in the  International  Wireless,
     Inc.  ("the  Company")  annual  report on Form  10-KSB  for the year  ended
     December 31, 2002.

NOTE 2 GOING CONCERN UNCERTAINTY AND MANAGEMENT'S PLANS
       ------------------------------------------------

     COMPANY
     -------

     The Company,  in April 2003, ceased its operations because of its inability
     to raise cash to support its operations in the capital  markets.  It became
     the  intention  of the Board of  Directors  to seek a merger  partner.  The
     Company, in December 2003, entered into a reverse merger agreement with PMI
     Wireless,  Inc., a Delaware corporation located on Cordova,  Tennessee. The
     merger became final in December 2003. See Note 5 Subsequent Events.

     GOING CONCERN AND MANAGEMENT'S PLAN
     -----------------------------------

     As shown in the accompanying  financial statements,  the Company incurred a
     net loss of  $716,040  for the three  months  ended  March  31,  2003 and a
     cumulative   loss  from   inception  to  March  31,  2003  of   $9,814,370.
     Additionally  as noted above,  the Company has ceased its operations and is
     looking for a merger partner. See Note 5 Subsequent Events.

NOTE 3 STOCKHOLDERS' EQUITY
       --------------------

     During the three  months  ended March 31, 2003 the Company  issued  220,000
     shares of the Company's common stock to a consultant for services provided.
     Stock based  compensation  expense of $32,575 was recorded during the three
     months ended March 31, 2003 in connection with this issuance.

     During the three  months  ended March 31, 2003 the Company  issued  500,000
     shares of common stock as payment of a loan payable. The shares were valued
     at $0.01 per share and the loan was reduced by $50,000.

     During the three months ended March 31, 2003, 70,000 shares were issued for
     the exercise of 70,000 non-qualified stock options having an exercise price
     of $0.01 per share. Total proceeds aggregated $7,000.

     During the three months ended March 31, 2003, the company received proceeds
     of $206,129  from the sale of 2,166,250  shares of its common stock under a
     private placement.

NOTE 4  LITIGATION
        ----------

     On  November  20,  2001,  a judgment  in the amount of $10,497  was entered
     against the Company and Omar A. Rizvi,  the former Chairman of the Board of
     Directors of Origin,  by the Labor  Commissioner in the State of California
     for past wages,  interest and  penalties  owed to a former  employee of the
     Company who alleged to have performed paralegal and bookkeeping services in
     California for Origin. To date the judgment has not been paid.

                                        6
<PAGE>


                   INTERNATIONAL WIRELESS, INC. AND SUBSIDIARY
                          (A Development Stage Company)

          NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS (CONTINUED)


NOTE 4  LITIGATION (CONTINUED)
        ----------

     In December  2002,  the Company was sued by Greg  Laborde in U.S.  District
     Court for the District of New Jersey for Breach of Employment  Contract and
     Defamation  seeking  monetary  damages  including   additional  stocks  and
     warrants.  The Company in response  has filed a  counter-claim  against Mr.
     Laborde  seeking  damages in his  transaction in selling Origin  Investment
     Group,  Inc., to  International  Wireless in its reverse  merger in January
     2002.  The company  believes  the claim is without  merit and has  adequate
     defenses.

     On  February  20,  2003,  a judgment  in the amount of $28,750  was entered
     against the Company for unpaid rent on behalf of Graham Paxton,  the former
     President and CEO of the Company as part of his employee benefit plan.

     On March 11, 2003, the Company  received notice from Attorney Omar A. Rizvi
     of his claim for breach of  contract  for failure to deliver to him 100,000
     shares  for  professional  services  allegedly  performed  on behalf of the
     Company,  and  wrongful  cancellation  of  additional  warrants to purchase
     200,000 shares of International  Wireless for which he claimed damages.  No
     suit has been filed to date and the Company believes that if such a suit is
     ever filed  against the Company,  the company has a good defense and proper
     grounds for a counter-suit.

     On March 20, 2003,  a judgment in the amount of $2,000 was entered  against
     the Company By Beyond Words Communication,  Inc. for prior unpaid marketing
     services rendered to the company.

     On March 31,  2003,  a judgment  in the amount of  99,089,  which  included
     $50,000 security deposit replenishment, was entered against the company for
     breach of contract for non-payment of rent on the company's office facility
     in Woburn, Massachusetts.  Additionally, the company is contingently liable
     for the balance of the lease which  expires July 31, 2005.  The total lease
     payments to July 31, 2005 approximate $428,000.

     In  May  2003,   certain  former   employees  filed   complaints  with  the
     Commonwealth of Massachusetts Attorney General's office for unpaid salaries
     and accrued  vacation  pay. In accordance  with the  Company's  records the
     Company  owes  approximately  $50,000  for back fees,  gross  salaries  and
     accrued vacation.  In addition,  there is a potential  severance pay due to
     these employees in accordance with their employment  agreement  totaling an
     additional $186,350 for which the Company totally disputes.

NOTE 5  SUBSEQUENT EVENTS
        -----------------

     On August  29,  2003,  a change  in  control  of the  Company  occurred  in
     conjunction  with naming  Attorney  Jerry  Gruenbaum of First Union Venture
     Group,  LLC as attorney of record for the purpose of overseeing  the proper
     disposition of the Company and its remaining  assets and liabilities by any
     means  appropriate  including  settling any and all liabilities to the U.S.
     Internal  Revenue Service and the Commonwealth of  Massachusetts'  Attorney
     General's Office for unpaid wages.

     In conjunction  with naming Attorney Jerry Gruenbaum of First Union Venture
     Group,  LLC as attorney of record for the purpose of overseeing  the proper
     disposition of the Company and its remaining  assets and  liabilities,  the
     Company issued First Union Venture Group,  LLC, a Nevada Limited  Liability
     Company,  Thirty Million  (30,000,000)  common shares as consideration  for
     their  services.  In addition the Company  canceled any and all outstanding
     options,  warrants,  and/or  debentures  not exercised to date. The Company
     further  nullified  any  and  all  salaries,  bonuses,  benefits  including
     severance pay and accrued salaries of Stanley A. Young and Michael Dewar.

     On November 12, 2003, at a Special meeting of the Shareholders,  a majority
     of the Shareholders of the Company being present,  approved the spin-off of
     the two  subsidiaries of the registrant and any and all remaining assets of
     the registrant including any intellectual property to enable the registrant
     to pursue a suitable merger candidate.

                                        7
<PAGE>

                   INTERNATIONAL WIRELESS, INC. AND SUBSIDIARY
                          (A Development Stage Company)

          NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS (CONTINUED)


NOTE 5  SUBSEQUENT EVENTS (CONTINUED)
        -----------------

     On November 12, 2003, at a Special meeting of the Shareholders,  a majority
     of the Shareholders of the Company being present approved a 30 to 1 reverse
     split of all existing outstanding common shares of the corporation.

     In addition, the shareholders approved the spin-off of the two subsidiaries
     of the Company and any and all  remaining  assets of the Company  including
     any intellectual property to enable the Company to pursue a suitable merger
     candidate.

     On November 12, 2003,  the Company  entered into a reverse merger Letter of
     Intent to  Purchase  PMI  Wireless,  Inc. a Delaware  corporation  with its
     corporate  headquarters located in Cordova,  Tennessee (hereinafter "PMI").
     The  reverse  merger  took  place on  December  1,  2003 for the  aggregate
     consideration  of  $50,000  in  cash,  all of  which  was  paid to the U.S.
     Internal   Revenue  Service  for  the  Company's  prior   obligations  plus
     assumption of the Company existing debts, for 9,014,800 newly issued common
     shares of the  Company,  issued to over one hundred new  shareholders.  The
     consideration for the Reverse Merger was paid at closing.

     PMI Wireless,  Inc. is an emerging  technology leader  delivering  Customer
     Premise  Equipment (CPE) for Broadband  Wireless Access Systems in the ISM,
     WLL, MMDS and UNII frequency  bands.  PMI Wireless  provides a reduction of
     build-out costs for Broadband  Wireless  Access Systems while  accelerating
     the  speed  of  deployment.  PMI  Wireless  is  delivering  next-generation
     wireless services that support expanded coverage,  seamless global roaming,
     higher  voice  quality,  high-speed  data  and a full  range  of  broadband
     multimedia services,  including full motion video, video conferencing,  and
     high-speed  Internet  access.  Additional  services will include  on-demand
     medical  imaging,   real-time  road  maps,  and  anytime,   anywhere  video
     conferencing.

     On December 10, 2003, the Company entered into an Acquisition  Agreement to
     acquire  one  hundred  percent  of  Mound   Technologies,   Inc.  a  Nevada
     corporation  with its corporate  headquarters  located in Springboro,  Ohio
     (hereinafter "Mound").

     The closing under the Acquisition  Agreement consisted of a stock for stock
     exchange in which the Company  acquired  all of the issued and  outstanding
     common stock of Mound in exchange  for the issuance of 1,256,000  shares of
     its  common  stock.  As a  result  of  this  transaction,  Mound  became  a
     wholly-owned  subsidiary  of the Company.  The  1,256,000  shares of common
     stock were issued to five different shareholders.  Thomas C. Miller the new
     President and Chief  Executive  Officer owns 800,000 shares directly and is
     attributable  to owning a total of 1,200,000  through  relations and shares
     under his  control.  Thomas C.  Miller,  the  current  President  and Chief
     Executive  Officer of Mound took over that position for the Company.  Jerry
     Gruenbaum,  the General  Counsel and Corporate  Secretary  remained at that
     position and took over the position of Chief Financial Officer.

     Mound was  incorporated  in the state of Nevada in  November  of 2002.  Its
     corporate  offices  are  located in  Springboro,  Ohio.  Mound is  actively
     involved in the fabricated metals industry as well as property  management.
     This business includes two divisions and one wholly owned subsidiary.

     The Steel  Fabrication  Division  is  located  in  Springboro,  Ohio.  This
     division is a full service  structural and miscellaneous  steel fabricator.
     It also  manufactures  steel  stairs  and  railings,  both  industrial  and
     architectural  quality.  The present  capacity of the facility is 6000 tons
     per year of  structural  and  miscellaneous  steel.  This division had been
     previously known as Mound Steel  Corporation  which was started at the same
     location in 1964.

     The  Property  Management  Division is also  located in  Springboro,  Ohio.
     Presently  five  properties  are owned and managed.  This includes  145,000
     square feet of light and heavy manufacturing  buildings on approximately 22
     acres.  An additional  33 acres of  industrial  property is managed but not
     owned.

                                        8
<PAGE>

                   INTERNATIONAL WIRELESS, INC. AND SUBSIDIARY
                          (A Development Stage Company)

          NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS (CONTINUED)


NOTE 5  SUBSEQUENT EVENTS (CONTINUED)
        -----------------

     Freedom  Products of Ohio is a wholly owned  subsidiary  of Mound.  Freedom
     manufactures  products for the heavy machinery industry and has the ability
     to do complete  assembly and testing if  required.  This  includes  machine
     bases,  breeching,  pollution control  abatement  fabrications and material
     handling fabrications.  Freedom has the capacity to fabricate weldments and
     assemblies up to 50 tons total weight.  Freedom Products of Ohio is located
     in Middletown, Ohio.

     On December 11, 2003, the Company entered into an Acquisition  Agreement to
     acquire one hundred percent of Precision Metal  Industries,  Inc. a Florida
     corporation  with its principal place of business located in Pompano Beach,
     Florida.

     The closing under the  Acquisition  Agreement will consist of $4,500,000 in
     cash and a stock for stock  exchange in which the Company  will acquire all
     of the issued and outstanding common stock of Precision in exchange for the
     issuance of 1,000,000  restricted shares of its common stock. The Agreement
     calls for all  shares to be  transferred  to an escrow  agent for up to six
     months until the $4,500,000 in cash is satisfied.


                                        9
<PAGE>

                           PART II. OTHER INFORMATION

ITEM  1.  LEGAL PROCEEDINGSS

     On  February  20,  2003 a judgment  in the amount of  $28,750  was  entered
against  the  Company  for unpaid  rent on behalf of Graham  Paxton,  the former
President and CEO of the Company as part of his employee benefit plan.

     On March 11, 2003 the Company  received  notice from Attorney Omar A. Rizvi
of his claim for breach of contract for failure to deliver to him 100,000 shares
for  professional  services  allegedly  performed on behalf of the Company,  and
wrongful  cancellation  of  additional  warrants to purchase  200,000  shares of
International  Wireless for which he claimed damages.  No suit has been filed to
date and the  Company  believes  that if such a suit is ever filed  against  the
Company, the Company has a good defense and proper grounds for a counter-suit.

     On March 20, 2003 a judgment  in the amount of $2,000 was  entered  against
the Company by Beyond  Words  Communication,  Inc.  for prior  unpaid  marketing
services rendered to the Company.

     On March 31,  2003 a  judgment  in the  amount of  $99,089.59  was  entered
against the Company for breach of contract for non payment of rent plus deposits
on the Company's office facility in Woburn, Massachusetts.

     In  May,  2003  certain  former   employees   filed   complaints  with  the
Commonwealth of Massachusetts  Attorney General's office for unpaid salaries and
accrued vacation pay. In accordance with the Attorney's  General's  Office,  the
Company owes a total around  $88,540.29 for gross salaries and accrued  vacation
to the following individuals:

Thomas Gosselin            $5,966.59
Thomas Antognini          $11,165.55
John Puopolo              $17,010.14
James Levinger            $13,898.01
James Patrick Quinn       $40,500.00
                         ------------
Total                     $88,540.29

The Company  disputes  the above  amounts  and in addition  has proof that James
Quinn was at all times consultant for the Company.

     In addition there is a potential  severance pay due to some  individuals in
accordance  with  their  employment  agreement  for  which the  Company  totally
disputes.

     Other than the matters  above,  there is no other past,  pending or, to the
Company's knowledge, threatened litigation or administrative action which has or
is  expected  by the  Company's  management  to have a material  effect upon our
Company's business, financial condition or operations,  including any litigation
or action involving our Company's officers, directors, or other key personnel.

ITEM  2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

Sales of Equity Securities

During the three months ended March 31, 2003 the Company  issued  220,000 shares
of the Company's common stock to a consultant for services provided. Stock based
compensation expense of $32,575 was recorded during the three months ended March
31, 2003 in connection with this issuance.

During the three months ended March 31, 2003 the Company  issued  500,000 shares
of common  stock as payment of a loan  payable.  The shares were valued at $0.01
per share and the loan was reduced by $50,000.

During the three months ended March 31, 2003,  70,000 shares were issued for the
exercise of 70,000 non-qualified stock options having an exercise price of $0.01
per share. Total proceeds aggregated $7,000.

During the three months ended March 31, 2003, the company  received  proceeds of
$206,129  from the sale of 2,166,250  shares of its common stock under a private
placement.

ITEM  3.  DEFAULTS UPON SENIOR SECURITIES

None


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

None


ITEM  5.  OTHER INFORMATION

     On August  29,  2003,  a change  in  control  of the  Company  occurred  in
conjunction  with naming Atty. Jerry Gruenbaum of First Union Venture Group, LLC
as attorney of record for the purpose of overseeing  the proper  disposition  of
the Company and its remaining  assets and  liabilities by any means  appropriate
including  settling any and all liabilities to the U.S. Internal Revenue Service
and the  Commonwealth of  Massachusetts'  Attorney  General's  Office for unpaid
wages.

     In conjunction  with naming Attorney Jerry Gruenbaum of First Union Venture
Group,  LLC as  attorney  of record  for the  purpose of  overseeing  the proper
disposition of the Company and its remaining assets and liabilities, the Company
issued First Union Venture Group, LLC, Thirty Million (30,000,000) common shares
as  consideration  for their services.  In addition the Company canceled any and
all outstanding options,  warrants, and/or debentures not exercised to date. The
Company  further  nullified  any  and all  debts,  salaries,  bonuses,  benefits
including  severance  pay and  accrued  salaries of Stanley A. Young and Michael
Dewar.

     On November 12, 2003, at a Special meeting of the Shareholders,  a majority
of the  Shareholders of the Company being present,  approved the spin-off of the
two  subsidiaries  of the  registrant  and any and all  remaining  assets of the
registrant  including  any  intellectual  property to enable the  registrant  to
pursue a suitable merger candidate.

     On November 12, 2003, at a Special meeting of the Shareholders,  a majority
of the  Shareholders  of the Company  being  present  approved a 30 to 1 reverse
split of all existing outstanding common shares.

     On November 12, 2003,  the Company  entered into a reverse merger Letter of
Intent to Purchase PMI Wireless,  Inc. The reverse merger took place on December
1, 2003 for the  aggregate  consideration  of $50,000 in cash,  all of which was
paid to the U.S.  Internal  Revenue Service for the Company's prior  obligations
plus assumption of the Company existing debts, for 9,014,800 newly issued common
shares  of the  Company,  issued  to over  one  hundred  new  shareholders.  The
consideration for the Reverse Merger was paid at closing.

     PMI Wireless,  Inc. is an emerging  technology leader  delivering  Customer
Premise  Equipment (CPE) for Broadband  Wireless Access Systems in the ISM, WLL,
MMDS and UNII frequency  bands.  PMI Wireless  provides a reduction of build-out
costs for Broadband  Wireless  Access  Systems while  accelerating  the speed of
deployment.  PMI Wireless is delivering  next-generation  wireless services that
support  expanded  coverage,  seamless  global  roaming,  higher voice  quality,
high-speed  data and a full range of broadband  multimedia  services,  including
full  motion  video,  video   conferencing,   and  high-speed  Internet  access.
Additional services will include on-demand medical imaging, real-time road maps,
and anytime, anywhere video conferencing.

     On December 10, 2003, the Company entered into an Acquisition  Agreement to
acquire one hundred  percent of Mound  Technologies,  Inc. a Nevada  corporation
with  its  corporate  headquarters  located  in  Springboro,  Ohio  (hereinafter
"Mound").

     The closing under the Acquisition  Agreement consisted of a stock for stock
exchange in which the Company acquired all of the issued and outstanding  common
stock of Mound in exchange for the  issuance of  1,256,000  shares of its common
stock. As a result of this transaction,  Mound became a wholly-owned  subsidiary
of the  Company.  The  1,256,000  shares of  common  stock  were  issued to five
different  shareholders.  Thomas C. Miller the new President and Chief Executive
Officer owns 800,000 shares  directly and is  attributable  to owning a total of
1,200,000 through relations and shares under his control.  Thomas C. Miller, the
current  President and Chief Executive  Officer of Mound took over that position
for the Company.  Jerry Gruenbaum,  the General Counsel and Corporate  Secretary
remained at that position and took over the position of Chief Financial Officer.

     Mound was  incorporated  in the state of Nevada in  November  of 2002.  Its
corporate offices are located in Springboro, Ohio. Mound is actively involved in
the fabricated  metals  industry as well as property  management.  This business
includes two divisions and one wholly owned subsidiary.

     The Steel  Fabrication  Division  is  located  in  Springboro,  Ohio.  This
division is a full service  structural and miscellaneous  steel  fabricator.  It
also manufactures  steel stairs and railings,  both industrial and architectural
quality.  The  present  capacity  of the  facility  is  6000  tons  per  year of
structural and  miscellaneous  steel. This division had been previously known as
Mound Steel Corporation which was started at the same location in 1964.

     The  Property  Management  Division is also  located in  Springboro,  Ohio.
Presently five  properties are owned and managed.  This includes  145,000 square
feet of light and heavy  manufacturing  buildings on  approximately 22 acres. An
additional 33 acres of industrial property is managed but not owned.

     Freedom  Products of Ohio is a wholly owned  subsidiary  of Mound.  Freedom
manufactures products for the heavy machinery industry and has the ability to do
complete  assembly  and  testing  if  required.  This  includes  machine  bases,
breeching,  pollution  control  abatement  fabrications  and  material  handling
fabrications.  Freedom has the capacity to fabricate weldments and assemblies up
to 50 tons total  weight.  Freedom  Products  of Ohio is located in  Middletown,
Ohio.

     On December 11, 2003, the Company entered into an Acquisition  Agreement to
acquire  one  hundred  percent of  Precision  Metal  Industries,  Inc. a Florida
corporation  with its  principal  place of  business  located in Pompano  Beach,
Florida.

     The closing under the  Acquisition  Agreement will consist of $4,500,000 in
cash and a stock for stock exchange in which the Company will acquire all of the
issued and outstanding common stock of Precision in exchange for the issuance of
1,000,000  restricted  shares of its common stock.  The Agreement  calls for all
shares to be  transferred  to an escrow  agent  for up to six  months  until the
$4,500,000 in cash is satisfied.


ITEM  6.  EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits:

(b) Reports on Form 8-K:

          Three Months Ended March 31, 2003

          The Company filed a Form 8-K on March 4, 2003 relating to events taken
          place on  February  14, 2003  relating  to the  election of Stanley A.
          Young,  and  Christien  A.  Ducker to the board,  and  appointment  of
          Michael Dewar as the Company's  Treasurer and Attorney Jerry Gruenbaum
          as the Company's  Secretary.  Adam J. Cogley remained as the Company's
          Controller.

          The  Company  filed a Form 8-K on March 14,  2003  relating  to events
          taken  place on March 14,  2003  relating to the Letter of Intent with
          Mitsubishi Electric Corporation (MELCO).

          The  Company  filed a Form 8-K on March 14,  2003  relating  to events
          taken place on March 14, 2003 relating to the appointment of Christien
          A. Ducker as the Company's Interim President.

          The Company  filed a Form 8-K/A on March 18, 2003 relating to Form 8-K
          filed  and  events  taken  place on March  14,  2003  relating  to the
          appointment of Christien A. Ducker as the Company's Interim President.



                                   SIGNATURES


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



                                                    INTERNATIONAL WIRELESS, INC.
                                                            (Registrant)


Date:    December 30, 2003                        By: /s/ THOMAS C. MILLER
                                                     ---------------------------
                                                     Thomas C. Miller
                                                     President and Chief
                                                     Executive Officer
                                                     (Duly Authorized Officer)


Date:    December 30, 2003                        By: /s/ JERRY GRUENBAUM
                                                     ---------------------------
                                                     Jerry Gruenbaum
                                                     Secretary and Chief
                                                     Financial Officer
                                                     (Principal Financial
                                                     and Accounting Officer)