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

                                   FORM 10-KSB

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

                  For the Fiscal Year Ended:    31 March, 2004

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


             For the transition period from                  to

                          COMMISSION FILE NO. 000-31915

                          CROWN INTERNATIONAL, INC./FL
                 (Name of Small Business Issuer in its charter)

                     Florida                       65-0716874
            (State of Incorporation)          (IRS Employer ID. No.)

         80 Richmond St. West,  Suite 1604,  Toronto,  Ontario  M5H 2A4
               (Address of Principal Executive Offices) (Zip Code)

        Issuer's telephone number, including area code:  (416)  866-8213

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

  Securities registered pursuant to Section 12(g) of the Act: Common Stock, par
                             value $0.001 per share


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

Check  if  disclosure of delinquent filers in response to Item 405 of Regulation
S-B  is  not contained in this form, and no disclosure will be contained, to the
best  of  registrant's  knowledge, in definitive proxy or information statements
incorporated  by  reference  in Part III of this Form 10-KSB or any amendment to
this  Form  10-KSB:  [_]

State issuer's revenues for twelve months ended March 31, 2004:  $34,609

State the aggregate market value of the voting and non-voting common equity held
by  non-affiliates computed by reference to the price at which the common equity
was  sold,  or  the  average  bid and asked price of such common equity, as of a
specified  date  within  the past 60 days:   Not applicable.  The Company has no
public  trading  market.

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date:
3,731,400 shares of common stock, as of March 31, 2004.

Documents  Incorporated  By  Reference:    None

Transitional  Small  Business  Disclosure  Format:    No


<PAGE>
                                TABLE OF CONTENTS

                                                                          Page

Part I                                                                    3

Item 1.    Description of Business                                        3
Item 2.    Description of Property                                        7
Item 3.    Legal Matters                                                  7
Item 4.    Submission of Matters to a Vote of Security Holders            7

Part II                                                                   8

Item 5.    Market for Common Equity and Related Stockholder Matters       8

Item 6.    Plan Of Operation                                              9 - 10
Item 7.    Financial Statements                                           11
Item 8.    Changes In and Disagreements With Accountants on               12
            Accounting and Financial Disclosure
Item 8A.   Controls & Procedures                                          12

Part III                                                                  12

Item 9.    Directors, Executive Officers, Promoters and Control           12
            Persons; Compliance with Section 16(a) of the Exchange Act
Item 10.   Executive Compensation                                         13
Item 11.   Security Ownership of Certain Beneficial Owners and            13
            Management
Item 12.   Certain Relationships And Related Transactions                 14
Item13.    Exhibits and Reports on Form 8-K                               15
Item 14.   Principal  Accountant  Fees  and Services                      15

SIGNATURES                                                                15

CERTIFICATIONS

--------------------------------------------------------------------------------

                    NOTE REGARDING FORWARD-LOOKING STATEMENTS

The  statements  contained in this Form 10-KSB that are not historical in nature
are  forward-looking  statements  within  the  meaning  of  Section  27A  of the
Securities  Act  of 1933, as amended, and Section 21E of the Securities Exchange
Act  of  1934,  as  amended. Forward-looking statements are subject to risks and
uncertainties  that  could  cause actual results to differ materially from those
indicated  in  the forward-looking statements.  Any statements contained in this
Form  10-KSB  that  are  not  statement  of  historical fact are forward-looking
statements.  In  some  cases, you can identify forward-looking statements by our
use  of  words  such  as  "may,"  "will,"  "should,"  "could," "expect," "plan,"
"intend,"  "anticipate,"  "believe,"  "estimate,"  "predict,"  "potential"  or
"continue"  or  the  negative  or  other  variations  of  these  words, or other
comparable  words  or  phrases.  These  statements  by  their  nature  involve
substantial  risks  and  uncertainties, such as credit losses, dependence on key
personnel  and  variability  of  quarterly  results,  ability  of  Registrant to
continue  its  growth  strategy and competition, certain of which are beyond the
Registrant's  control.    Factors  that  could  cause  or  contribute  to  such
differences  include,  but  are  not limited to, the fact that we are a start-up
company,  we  may  need  to  raise  additional  funds  to  meet  business  plan
projections, we are dependent on our program providers for satellite signals and
programming,  our  ability to successfully sell services and marketing programs,
changes  in  our  suppliers'  or  competitors'  pricing policies, the risks that
competition,  technological  change  or  evolving  customer  preferences  could
adversely  affect  the  sale  of  our products, unexpected changes in regulatory
requirements  and  other  factors  identified from time to time in the Company's
reports  filed  with  the Securities and Exchange Commission, including, but not
limited  to  our Annual Report on Form 10-KSB for the Year Ended March 31, 2004.

Although  we  believe  that  the  expectations  reflected in our forward-looking
statements  are  reasonable,  we  cannot  guarantee  future  results,  levels of
activity,  performance  or  achievements  or other future events.  Should one or
more  of  these  risks  or  uncertainties  materialize  or should the underlying
assumptions prove incorrect, actual outcomes and results could differ materially
from  those  indicated  in  the  forward-looking  statements.


                                        2
<PAGE>
Moreover, neither we nor anyone else assumes responsibility for the accuracy and
completeness  of  forward-looking statements. We are under no duty to update any
of  our forward-looking statements after the date of this report. You should not
place  undue  reliance  on  forward-looking  statements.



PART  I

ITEM  1.        DESCRIPTION  OF  BUSINESS
-----------------------------------------

(A)     BUSINESS  DEVELOPMENT
-----------------------------

Crown  International Inc. (the "Company") was incorporated on December 6th, 1996
under  the  laws  of  the State of Florida under the name of Crown International
Inc.  See  Exhibit  3.1  at  Page E-5. The Bylaws of the Company are included as
Exhibit  3.2  Page  E-10.The  above exhibits were previously filed with the 10SB
November  2,  2000.

From  the  date of its incorporation to 31 March 2004 the Company has undertaken
the  following  activity.

(1)  On November 5th, 1999 the Company entered into a Bill of Sale with Greatway
Global  Communications  Corp. (identified hereinafter as "Greatway") an Ontario,
Canada  Corporation. See Exhibit 2 Page E-1.  The above exhibits were previously
filed with the Registrant's Form 10-SB filed 2 November 2000.  This Bill of Sale
provided  as  follows:

     (i)  Greatway  transferred all of its assets and intellectual properties to
the  Company  at  Greatway's net book     value.  These assets and equipment are
listed  on  Schedule  A  of the Bill of Sale filed as Exhibit 2, Page E-1 of the
Registrant's  Form 10-SB previously filed. The equipment was transferred for the
amount  of  $20,200  and  are  commodity items. The intellectual property, being
Greatway's  research  and  development  expenditures,  were  transferred for the
amount  of  $850,000.
     (ii)  The Company completed this sale with the exchange of 2,000,000 shares
of  Crown International Inc. (Florida) to Greatway.  No monies were exchanged in
the  transaction.
     (iii)  Greatway remains the registered owner of the 2,000,000 shares of the
Company.  Macwin  Investments  Inc.,  an Ontario, Canada Private Corporation and
125739  Canada  Inc.,  a Canadian Private Corporation, own 1,640,000 and 360,000
respectively of the total issued and outstanding shares of Greatway.
     (iv) The Agreement was completed November 5th, 1999 and 2,000,000 shares of
Crown  International  Inc.  (Florida)  were subsequently issued to Greatway. All
shares  as  issued have restrictive legends under Rule 144 of the Securities Act
of  1933  as  amended.  The  Company presently operates the business hereinafter
described.
     (v)  The  business  purpose for the purchase of the assets from Greatway in
exchange  for  the  transfer  to Greatway of two million shares of the Company's
stock was two-fold.  First, it provided the stockholders of the Company with the
opportunity  to  change from ownership of an inactive Company to ownership in an
active  Company with the prospects of stock appreciation.  Second, the agreement
provided  Greatway  with  the  opportunity  to  acquire a majority interest in a
United  States  corporation, with the ultimate goal of achieving a public market
for  its  stock.  The agreement was at arm's-length because the Officers and the
Board of Directors of both corporations were independent of each other. Further,
at  the  time  of the agreement none of the stockholders of the two corporations
owned  any  stock  of  the  other  corporation.  There  were  no  agreements  or
understandings in place that would negate the transaction as being arm's-length.
     (vi)  Greatway was incorporated for and its sole purpose was to develop and
prove  the  technologies  that  permit  its  users  to  interact  from different
locations  at  the  same  time and work with and make changes on content or data
files.


Greatway  is  a  predecessor  of  the  Company,  based  upon  the  definition of
"Predecessor"  in  Regulation  (Section)  240.12b-2  (Rule  12b-2),  under  the
Securities  Exchange  Act of 1934, as amended.  Accordingly, the developments of
Greatway during the three years prior to the Bill Of Sale is as follows:
     (1)  Greatway Global Communications Corp. was formed as a Corporation under
     the  laws  of  Ontario,  Canada  on  October  6,  1997.
     (2)  Greatway  is a corporation in good standing under the laws of Ontario,
     Canada  as  of  the  date  of  this  filing.
     (3)  As  described  above,  Greatway,  on  November 5, 1999 sold all of its
     assets  to  Crown  International,  Inc. under an Agreement of Bill of Sale.
     Refer  to  Exhibit  2,  Page  E1  of  Form  10-SB  previously  filed  for a
     description  of  the  assets  acquired.

(2)  On  January 29, 2003 Crown International, Inc. incorporated in the State of
Florida a wholly owned subsidiary named Crown Networks, Inc.


                                        3
<PAGE>
(3)  On  February  12th,  2003  Crown  Networks  Inc.  (Florida  Corporation),
incorporated  in the Province of Ontario, Canada a wholly owned subsidiary named
Crown  Networks  Inc.



(B)     BUSINESS  OF  ISSUER
----------------------------

GENERAL:

Firstly,  the  Company's  business  through  its subsidiary, Crown Networks Inc.
(Ontario,  Canada) is to provide Internet and television services to residential
multi-dwelling  unit  buildings.  Multi-Dwelling  Unit  (MDU)  buildings include
apartment  and  condominium  buildings,  retirement  and nursing home complexes,
hotels,  hospitals, universities, institutions like prisons and other properties
having  multiple  units.

Secondly,  the  Company's  services for Corporate communications are intended to
provide the Company's   potential corporate customers with a full range of means
by  which  to  communicate  electronically  and  broadcast  or  deliver over the
internet  information,  data  or  messages  to  corporate  participants.

(1)  PRINCIPAL PRODUCTS OR SERVICES AND THEIR MARKETS:

(a)  Principal  Products  or  Services

Firstly,  the  Company's  services for MDU internet and television services will
include  programming flexibility and variety, cost effectiveness, and high level
service.  Each  building  is  unique  with distinct needs.  Crown will provide a
customized  solution  that  makes  sense  for the particular situation, and will
choose the bundle of services that best meets the requirements of the residents.

For  multi  dwelling  unit buildings, Crown's goal is to enter into contracts to
provide  them  for  a  period  up  to  10 years with its services and where each
building  will  contain  between  300 and 800 units. In addition, Crown projects
revenue from systems supplied to other MDU facilities such as hotels, hospitals,
retirement  complexes  and  institutions, as well as from telephony and security
systems  and  other  information  and  communications  services.

A  network of independent contractors, having a history and familiarity with the
Company's  Management,  has  been assembled to enable the Company to install its
equipment and to deploy its services and business plan.

Simply, the Company plans to provide to MDU buildings and its occupants the most
cost  effective  and  desirable  television  and internet services.  The Company
shall  obtain  television  content  or  programming  from  Canadian

Radio  Telecommunication  Commission  (CRTC)approved channels and networks, etc.
(The  CRTC  is  the  Canadian  Broadcasting  Regulator)  This  content  shall be
delivered  to  each building by way of public carriers in the satellite or cable
business.  The  Company  shall  install  its equipment into each MDU building so
that  the  content  is  received  into  the  building for transmission using the
company's  equipment  to  the  individual  units  within  the  building.

With  respect  to  internet  services, the Company intends to operate as its own
internet  service  provider  and  to  provide  link  to  the MDU building to the
internet  network, and then using the company's equipment, this internet service
shall  be  provided  to  the  building's  individual  units.  Most MDU buildings
contain  the  wiring connections from a central location to the individual units
within  a  building.  The  Company's  equipment  enables  the content carried by
public  carriers  to  the  building  to  be transmitted to the individual units.

Secondly, the Company along with Vault Studios, Toronto, Canada intends to offer
the  following corporate communications services to businesses and Corporations.
These  services  are  described  as  follows:

     - Corporate Broadcasting - which includes the delivery over the internet of
     Corporate  information  and  events. Basic services would include meetings,
     such  as  annual  general  meetings  of  shareholders,  corporate messages,
     product  launches  or  promotional  information, corporate profiles, all of
     which  would  be  delivered  or  broadcast  over  the  internet

     -  Strictly Electronic Meetings - whether text, audio, video or combination
     thereof  would  be  delivered  over  the  internet.


                                        4
<PAGE>
     -  Enriched  Website  Features  -  which would include some features of the
     Company's  technology  such  as  the  ability  of  website users in various
     different  geographic  locations  at the same or various different times to
     work  together  and  share data files and for those various users to manage
     the  content  of  a  website,  thereby  linking  over  the internet various
     corporate  participants,  such  as  investors, suppliers, branch locations,
     customers,  professionals,  sub  contractors,  in  a  network  for  working
     together  and  sharing  information  over  the  internet.


b)  Markets

Within  the  MDU marketplace, Crown's goal is to enter into contracts to provide
them  for a period up to 10 years with its services and where each building will
contain  between  300  and  800 units.  In addition, Crown projects revenue from
systems  supplied  to other MDU facilities such as hotels, hospitals, retirement
complexes  and  institutions, as well as from telephony and security systems and
other  information  and  communications  services.

In  addition  to  the normal risks associated with a new business venture, there
can be no assurance that the Company's venture will be a commercial success.

A  network of independent contractors, having a history and familiarity with the
Company's  Management,  has  been assembled to enable the Company to install its
equipment  and  to  deploy  its  services  and  business  plan.

The Company intends to market its Corporate communications services to small and
mid-sized  corporations  which  have  a  desire  to  deliver  over  the internet
Corporate  information,  training  sessions,  product  launches  and  so  forth.
Management  of  the  Company feels that its association with a production studio
and  the  Company's history in technology will produce enriched internet content
featuring  motion  and video as opposed to static and text content.  The Company
will be targeting potential Corporate customers who will benefit from motion and
video  on  the  internet.


c)  Business  Applications  of  Services

Firstly,  the  Company  plans  to provide to MDU buildings and its occupants the
most cost effective and desirable television and internet services.  The Company
shall  obtain  television content or programming from CRTC approved channels and
networks,  etc.  This  content  shall  be  delivered  to each building by way of
public  carriers  in  the  satellite  or  cable  business.

The  Company  shall  install  its  equipment  into each MDU building so that the
content  is  received  into  the  building  for transmission using the company's
equipment  to  the  individual  units  within  the  building.

With  respect  to  internet  services, the Company intends to operate as its own
internet  service  provider  and  to  provide  a link to the MDU building to the
internet  network  and then using the company's equipment, this internet service
shall  be  provided  to  the  building's  individual  units.

Most MDU buildings contain the wiring connections from a central location to the
individual units within a building.  The Company's equipment enables the content
carried  by  public carriers to the building to be transmitted to the individual
units.

Secondly, Corporate Communication Services - for delivery over the internet:

     1) Basic Meetings (i.e. shareholders)     -  audio, video, recorded or live
          Corporate messages      -  press releases, President's, executive
          Interviews
          Products      -  launches, displays
          Corporate Information or Promotional video

     2) Electronic Meetings - can be conducted on the internet utilizing solely
     text

     3) Enriched Corporate Website
     - Collaboration and Interactivity where participants can share and work
     together on data files from different geographic locations over the
     internet
     - Incorporating the foregoing - meetings, messages, product displays etc.
     - Content management - without webmaster intervention
     - Content creation, change and approvals can be assigned across an
     organization
     - Networking corporate participants (clients, suppliers, projects, etc.)
     - Ease of set-up and use


                                        5
<PAGE>
     - Centralize the Management of projects in multiple geographic locations.



(d)  Development  History  including  Industry  Participants

During  the  development  of  the  Company's  technologies  (now  disassembled),
familiarity  with  internet  participants,  technologies  and  requirements were
acquired  by  the  Company's  management.  In  the  area  of  content  and  data
management  of  web  sites  on  the  internet,  the  Company  developed  a close
relationship  with  X2idea  Corp.,  a  corporation based in Toronto, Canada that
provides enriched web services. In the area of production and internet video the
Company  works closely with Vault Studios, Toronto, Canada.  Since the Company's
technologies  involved networking and content delivery, the Company's management
developed  a  familiarity  with  the  television  and  internet  services.

(2)  DISTRIBUTION  METHOD  OF  SERVICES

     For  the  Company's  Corporate  communication  services: By offering a full
range  of internet communications services, Management of the Company intends to
develop  a  customer base by offering basic and reasonably priced services. From
this  base  the Company anticipates future sales of its more elaborate services.

     The  Company's  television  and internet services shall first be offered to
buildings  with which management of the Company has historical or close business
relations,  and  from  this  base  the  Company  intends  to  expand.

(3)  STATUS  OF  ANY  PUBLICLY  ANNOUNCED  NEW  PRODUCT  OR  SERVICE:

     Crown  Networks  Inc.  (Ontario,  Canada)  has  an  active  website  at
www.crownnetworks.com and has launched its services as hereinafter described.
---------------------

(4)  COMPETITIVE BUSINESS CONDITIONS AND THE SMALL BUSINESS ISSUER'S COMPETITIVE
POSITION  IN  THE  INDUSTRY  AND  METHODS  OF  COMPETITION:

a)   General:  The  Company's  Corporate  communication  services:  During  the
development of the Company's technologies, Management of the Company acquired an
awareness  and  understanding  of the various components required to provide its
services.  Accordingly,  Management of the Company is of the opinion that it can
offer  its services less expensively and quicker because of its understanding of
the process and its relationships with the studios and technical people required
to  provide  its  services.

In  the  United  States  there are a number of companies who are competing for a
share  of  the  MDU  subscriber  base including satellite companies, DIRECTV and
DISHNETWORK  system  operators,  cable companies and off-air broadcasters. Other
companies  with substantially greater assets and operating histories could enter
this  market.  However entrants into the MDU marketplace must be able to respond
more  quickly  to  new  or  emerging  technologies  and  changes  in  customer
requirements  and  devote  greater  resources to develop, promote and sell their
products  or  services.

In  Canada,  in  addition  to  a  number  of  small  companies, large enterprise
competitors  would include Shaw Cable, StarChoice Communications, Bell ExpressVu
and  Rogers  Cable.

Crown's  Management  Team  has considerable experience and history with building
owners and property management companies.  From these relationships, the Company
anticipates  comfort  and  confidence  with  their services.  In contrast to the
Company's  large  competitors,  Crown  intends  to offer personal and individual
service,  lower  or  competitive  pricing,  and  flexibility.

b)   Barriers  to  Entry:   In  the  opinion  of  Management  of the Company the
barriers  to  entry  are;
     1)   For  its  Corporate  communication  Services:
          -    In a troubled economy, the reluctance to break from historical
               practices and use the internet to deliver or broadcast and
               communicate meetings, messages, and product launches
          -    For  publicly  traded  companies,  assurance  of  regulatory
               compliance for shareholder meetings and disclosures
          -    Time  and  expense  to  install and train people for interactive
               internet working together
     2)   For  its  television  and  internet  services:


                                        6
<PAGE>
          -    The  Ontario, Canada marketplace is well serviced by established
               operations as herein before noted under competition
          -    Provision  of  the  services  is  capital  intensive  requiring
               approximately US$75,000.00 per building as well as specialized
               personnel to provide ongoing service to the subscribers.



c)  Advertising  and  Promotion:

Regarding the Company's corporate communication services, the Company intends to
approach  organizations  with  a  customer  base  interested  in  broadcasting
information  and  events.  For  example,  transfer  agents,  investor and public
relations  corporations, shareholder services organizations, corporate event and
incentive  organization.

Crown  Networks  Inc.  (Ontario,  Canada)  initially  only  uses the website and
personal  contacts.

(5)  SOURCES  AND  AVAILABILITY  OF  RAW  MATERIALS  AND  THE NAMES OF PRINCIPAL
SUPPLIERS:

     The  components  required  to  provide  all  of  the Company's services are
readily  available  in  the  marketplace.

(6)  DEPENDENCE ON ONE OR A FEW MAJOR CUSTOMERS:

     The  Company  has  a  long term contract to provide television and internet
services  to  three  buildings, however the Company intends to acquire more such
contracts.

(7)  PATENTS,  TRADEMARKS, LICENSES, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS
OR  LABOR  CONTRACTS,   INCLUDING  DURATION:

     The Company does not hold any patents, trademarks or licenses.

(8)  NEED FOR ANY GOVERNMENT APPROVAL OF PRINCIPAL PRODUCTS OR SERVICES:

     At  this  time  there  is  no  direct  required  government approval of the
services  offered.  Crown  Networks  Inc.  (Ontario,  Canada)  operates under an
exemption  from  Canadian  Radio  - television and Telecommunications Commission
(CRTC)  licensing  requirements  and  associated  regulations  .  However, Crown
Networks  Inc.  does  deal  with  other  Corporation's  products  and  other
Corporation's  that  do  require  governmental  regulation  and  permissions.

(9)  EFFECT OF EXISTING OR PROBABLE GOVERNMENTAL REGULATIONS ON THE BUSINESS:

     Not applicable - see (8) above.

(10) ESTIMATE  OF  THE AMOUNT SPENT DURING EACH OF THE LAST TWO FISCAL YEARS ON
RESEARCH  AND  DEVELOPMENT ACTIVITIES, AND IF APPLICABLE THE EXTENT TO WHICH THE
COST  OF  SUCH  ACTIVITIES  ARE  BORNE  DIRECTLY  BY  CUSTOMERS:

     For  the  last  two  fiscal  years  the  Company has not spent any money on
research  and  development  activities.

(11) COSTS AND EFFECTS OF COMPLIANCE WITH ENVIRONMENTAL LAWS (FEDERAL, STATE AND
LOCAL):

     There are no costs and effects of compliance with any environmental laws.

(12) NUMBER  OF  TOTAL  EMPLOYEES  AND  NUMBER  OF  FULL  TIME  EMPLOYEES:

     The Company has no employees at the present time.


ITEM  2.  DESCRIPTION  OF  PROPERTY
-----------------------------------

     The  Company  leases premises at 80 Richmond St. West, Suite 1604, Toronto,
Ontario Canada on a month to month basis. The Company owns no real property.


ITEM  3.  LEGAL  PROCEEDINGS     Not  applicable
----------------------------


                                        7
<PAGE>
ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS     None
---------------------------------------------------------------------



PART  II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
----------------------------------------------------------------

(a)  Market  Information:

There  is  no public trading market for the common stock of Crown International,
Inc.

The  Company  has  no  other  class  of stock. In regard to this class of common
equity:

     1) There is no stock subject to outstanding warrants or options of any type
     whatsoever.

     2)  The  registrant has not agreed to register under the Securities Act any
     of  the  stock  owned  by the stockholders. At this time 403,600 shares are
     free  trading  (being  held  by  non-affiliates  for a continuous period in
     excess  of two years) and could be sold under Rule 144(k) if that rule were
     available.  2,700,300  shares  are held by affiliates for over one year and
     could  be sold under Rule 144(e)(1). 627,500 shares have been issued within
     the past year under Rule 506 of Regulation D of the Securities Act of 1933.

     3)  There  is  no  stock  that  is  proposed  to be publicly offered by the
     registrant,  or  otherwise.

(b)  Holders:  The  only  class of equity in the Company is common stock . There
are  approximately  39  stockholders  of  record.

(c)  Dividends:   The  Company  has never paid dividends and has no intention of
paying  dividends  in  the  future.

Recent  Sales  Of  Unregistered  Securities:
--------------------------------------------

On  November  5,  1999 the company entered into an Agreement (Bill of Sale) with
Greatway  Global Communications Corp., (Greatway") a Corporation organized under
the  laws  of  the  Province of Ontario, Canada, whereby the Company transferred
2,000,000  shares  of its common stock to Greatway in exchange for a transfer of
certain  intellectual property and assets to the Company.  See Exhibit 2 at Page
E-1  Bill  of  Sale  previously  filed.  The  specific assets transferred to the
Company  are  described  on  Schedule  A  of  the  Bill  of  Sale.

This  was  not public offering in that no shares were offered to the public, the
transaction was a sale to one person, and the manner of the transaction was that
of  a  private sale.  The Company is claiming an exemption from registration for
this  sale under the authority of Section 4(2) of the Securities Act of 1933, as
amended,  in  that  it  was  a transaction by an issuer not involving any public
offering.

On  October  28, 2002, the Company issued a private placement memorandum for the
offering of a maximum of four units consisting of 100,000 common shares per unit
at  a  price  of  CDN  $0.25  per share (US$0 .1575 per share) under Rule 506 of
Regulation D of the Securities Act of 1933. As of March 31, 2004, 200,000 common
shares  were sold for cash totaling $30,240 net of offering costs of $1,260. The
offering  expired  on  January  26,  2003.

On  August  1,  2003, the Company issued a private placement memorandum for  the
offering  of a maximum of 50 units consisting of a note of  CDN$5,000 (US$3,800)
and 25,000 common shares under Rule 506 of Regulation D of the Securities Act of
1933.  The note bears interest at 12% and is due three years from date of issue.
In  addition, the note contains an interest bonus equal to 10% of the face value
of  the  note.  As  of  March  31, 2004,  22.7 units were sold for cash totaling
US$113,500.  The  offering expired on April 27, 2004 but was informally extended
to  July  31,  2004.

On September 2 , 2003, the Company issued a private placement memorandum for the
offering of a maximum of 50 units consisting of 20,000 common shares per unit at
a  price  of  US$0.25 per share under Rule 506 of Regulation D of the Securities
Act  of  1933.  As  of  March  31, 2004, 60,000 common shares were sold for cash
totaling  US$15,000.  The  offering  expired  on  December  1,  2003.


                                        8
<PAGE>
ITEM  6.   PLAN  OF  OPERATION
------------------------------

OVERVIEW

Crown  International,  Inc. is a Florida Corporation, registered with the United
States  Securities  and Exchange Commission.   Crown Networks, Inc. is a Florida
Corporation  wholly  owned by Crown International, Inc., and Crown Networks Inc.
is  an  Ontario  Corporation  wholly  owned by Crown Networks, Inc. (the Florida
Corporation).  (Herein  these  corporations  are  individually  or  collectively
referred  to  as  "Crown"  or  "Company").

The  Company's  technology,  as  described  in  previous  filings  is being held
in  abeyance  until  market  conditions improve  or  a compelling and profitable
customer  or  customers  are ready to buy. The  Company  does  not  plan  to  do
any  Research  and  development  at  this  time.  For  the  Company's  Corporate
communication  services,  the  Company  has developed an unwritten  relationship
with  Vault  Studios  to  jointly  market  and  produce the Company's  corporate
communication  services.

During the Quarter Ending 30 September, 2004, the Company intends to re-organize
and  re-structure  as  follows:

a)     Because the Company's Corporate Communications Services are significantly
different  than  its  Subsidiary's business of providing television and internet
services,  and  in  order  to focus on the television and internet services, the
Company  intends  to  "spin-off" or transfer all of its technology and corporate
communications  services assets and their business models and relationships to a
wholly  owned  and  to  be  newly  incorporated  subsidiary  of the Company.  In
consideration for this asset transfer, the Company's subsidiary will issue newly
issued  shares  of  its  common  stock to the Company's shareholders in the same
numbers  as  the  shareholders  of the Company currently own their shares.  This
transaction,  call  a  spin-off,  is to be completed in accordance with the U>S>
Securities  and Exchange Commission Rules and Regulations and the Securities Act
of  1933.

b)     The  Company  intends  to  issue  upto an additional 12,000,000 shares as
follows:
          i)     Converting  the  Macwin  Investments  Inc.  debt  into  stock;
          ii)    Conversion  of  certain  outstanding  invoices  into  stock;
          iii)   Issue  shares  for  industry  expertise  and  relationships
          iv)    Issue  shares  to  an  Investor
          v)     Issue  share  for  services  rendered

Crown  Networks  Inc.'s  (Ontario,  Canada)  business is to provide Internet and
television  services  to  residential  multi-dwelling  unit  facilities.
Multi-Dwelling Unit (MDU) buildings include apartment and condominium buildings,
retirement  and  nursing  home  complexes,  hotels,  hospitals,  universities,
institutions  like  prisons  and  other  properties  having  multiple  units.

Crown's  business  objective  is  to  secure  an  installed, contractual base of
building  and  residential  customers  for terms up to approximately 10 years, a
base  from  which  to  sell services and to secure for Crown a recurring revenue
stream.  Management's objective is that each building be a profit centre so that
Crown's earnings will be immediate and ongoing as buildings are added. For multi
dwelling unit buildings, Crown's goal is to enter into contracts to provide them
for  a  period  up  to  approximately  10 years with its television and internet
services  and where each building will contain between approximately 300 and 800
units.  In  addition,  Crown projects revenue from systems supplied to other MDU
facilities  such as hotels, hospitals, retirement complexes and institutions, as
well  as  from  telephony  and  security  systems  and  other  information  and
communications  services.

With  the  building owners or management companies, the Company shall enter into
an  Agreement  for  a  period  up  to  approximately  10 years to provide to the
building  and  its occupants'  television and internet services. In most cases a
bulk  contract will be executed  where the Company shall provide its services to
an  entire  building without  the Company having a contractual relationship with
the  occupants  of the individual  units. With a bulk contract , the contracting
party  is  the building owner or the condominium corporation.  In  addition  the
Company  may  solicit  work  orders  from  individual  occupants  to  provide
additional  services.

Building  owners  and  Managers  demand excellent service to avoid unit occupant
complaints.  Providers of television and internet services  must  have  industry
knowledge  and  relationships  with  carriers  and content  providers  but  also
technical  knowledge  of  the  equipment  and  buildings  systems.


                                        9
<PAGE>
Management  of  the  Company's  objective  is  that  each individual building be
profitable.  Operating  profit  is the difference between revenue from each unit
for  television and internet services and the cost of programming for television
and  the  cost  of bandwidth for the internet.  An allocation for a call center,
service  calls,  and  financing costs of the equipment must be deducted from the
operating  profit.

The capital cost to install the equipment required to provide each building with
television  and  internet  service  is  approximately  US$75,000.  The  Company
intends  to  repay  this  amount  over a 3 to 5 year period with blended monthly
payments.  The  Company  plans  to develop relationships with various lenders to
provide this capital financing on an individual building basis.

The  Company's  plan is that its overall financial results will be a multiple of
the  profit  for  each  building.  In  the  opinion of Crown's Management, there
are  sufficient  direct  and  personal  relationships  with  property owners and
property management companies to achieve the Company's projected results.

Initially  the  Company  plans  to  launch  in the Toronto, Canada area and then
pursue opportunities in the remainder of Canada and in the United States.

Management's  network  of industry participants has experience and relationships
in the television and internet services sector in the United States.

During the three month period ending 31 December, 2003, the Company entered into
a  7  year  contract  to  supply  basic television service to 3 buildings having
approximately  900  units.

During  the  three  month  period  ending  March  31, 2004 , the Contract herein
referred  to, was extended to 12 years wherein the Company undertook to offer to
the  individual  occupants of each unit internet service and additional packages
of  television programming. In order for the Company to provide these services ,
the  Company  undertook  to  upgrade the existing wiring in the complex , and to
purchase  additional  equipment.

The Company's business model is to secure long term contracts from a building to
provide  basic  service for a set monthly fee.  This fee is to repay on a 4 to 5
year  amortization  the capital cost of the equipment and to pay the programming
costs  as  they  become  due.  The  net  revenue from individual subscribers for
additional  television  packages  and  the  internet is to pay general operating
cost.

The  Company  has  a verbal arrangement with a contractor to purchase on his own
account  the required wiring and equipment, after which the wiring and equipment
shall  be  transferred to the Company for a note bearing interest at the rate of
12%  per  annum  plus  shares  in  the  Company  at  a time and upon terms to be
determined  at  a  future  date.
In  addition  the  Company  has  a  verbal arrangement with a private Company to
purchase notes pursuant to the Company's private placement dated August 1, 2003,
the  proceeds  from  which  are  to  be  used  to purchase equipment and general
corporate  purposes.

The  anticipated cost of the required wiring , equipment  and contractor fees is
approximately  US$75,000.  Funding  from  the  two  aforesaid  arrangements  is
sufficient  for  this  expenditure.

Further  the  Company  is  in  discussions  with  an institutional capital lease
company  to  provide  the Company with financing for its equipment purchases and
installation  and  engineering  costs.

To date the Company has been funded from shareholders advances and advances from
Macwin  Investments  Inc.,  an Ontario, Canada Corporation owned by Lorna Irwin,
spouse  of  Company  Director, Alan Irwin. Also, the Company anticipates meeting
some  of  its  cash  requirements  for  the  next  12  month period from further
Shareholder  advances,  and  from  an  existing  private  placement  for
approximately  $185,000  and  a  further  private  placement  of  approximately
$150,000  both  pursuant to exemption  provided  by  Rule 506 of Regulation D as
published  by  the  Securities  and  Exchange  Commission.

The  Company  continues  to have discussions with the owners and managers of MDU
buildings  to  provide  to them the Company's services on initially a bulk basis
and thereafter on an individual basis to the unit occupants thereof.


                                       10
<PAGE>
The  Company  does  not anticipate having any employees in the next fiscal year.
However,  the  Company's  access  to  consultants  and industry participants are
sufficient  to  undertake  the  Company's  Plan of Operation for the next fiscal
year.



ITEM  7.   FINANCIAL  STATEMENTS
--------------------------------

                     CROWN INTERNATIONAL, INC. & SUBSIDIARY

                        CONSOLIDATED FINANCIAL STATEMENTS

                                 MARCH 31, 2004


<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY



                                    CONTENTS
                                    --------


                                                        PAGE

Independent  Auditor's  Report                           1

Financial  Statements:

 Consolidated  Balance  Sheet                            2

 Consolidated  Statements  of  Operations
 and  Comprehensive  Income                              3

 Consolidated  Statements  of  Changes  in
 Stockholders'  Equity  (Deficit)                        4

 Consolidated  Statements  of  Cash  Flows             5  -  6

 Notes  to  Consolidated  Financial
 Statements                                           7  -  15


<PAGE>
                          EARL M. COHEN, C.P.A., P.A.
                          Certified Public Accountant

                          INDEPENDENT AUDITOR'S REPORT


To The Board of Directors
Crown International, Inc. & Subsidiary

We  have  audited  the  accompanying  consolidated  balance  sheet  of  Crown
International,  Inc.  &  Subsidiary  as  of  March  31,  2004  and  the  related
consolidated  statements  of  operations  and  comprehensive  income, changes in
stockholders' equity (deficit) and cash flows for the years ended March 31, 2004
and  2003. These consolidated financial statements are the responsibility of the
Company's  management.  Our  responsibility  is  to  express an opinion on these
consolidated  financial  statements  based  on  our  audit.

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

In  our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of Crown International,
Inc.  &  Subsidiary  as of March 31, 2004, and the results of its operations and
its  cash  flows  for the years ended March 31, 2004 and 2003 in conformity with
accounting  principles  generally  accepted  in  the  United  States.

The  accompanying  financial  statements  have been prepared assuming that Crown
International,  Inc. & Subsidiary will continue as a going concern. As discussed
in  Note  10 to the financial statements, under existing circumstances, there is
substantial  doubt  about  the ability of Crown International, Inc. & Subsidiary
to  continue  as a going concern at March 31, 2004. Management's plans in regard
to  that  matter  also are described in Note 10. The financial statements do not
include  any adjustments that might result from the outcome of this uncertainty.

June 17, 2004

Boca Raton, Florida



By:  /s/ Earl M. Cohen, C.P.A., P.A.
------------------------------------


                                      -1-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET
                                 MARCH 31, 2004


                                     ASSETS
                                     ------

CURRENT  ASSETS
 Cash                                                     $        472
 Prepaid  expenses                                               9,877
                                                          ------------

     Total  Current  Assets                                     10,349
                                                          ------------

PROPERTY  AND  EQUIPMENT                                       106,802
                                                          ------------

OTHER  ASSETS
 Deferred  financing  costs                                    125,191
 Deposit                                                           724
                                                          ------------

     Total  Other  Assets                                      125,915
                                                          ------------

TOTAL  ASSETS                                             $    243,066
                                                          ============


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                  ---------------------------------------------

CURRENT  LIABILITIES
 Current  portion  of  notes  payable                     $     20,523
 Accounts  payable                                             130,713
                                                          ------------

     Total  Current  Liabilities                               151,236

NOTES  PAYABLE  -  LESS  CURRENT  PORTION                       67,363

DUE  TO  AFFILIATE                                           1,365,290
                                                          ------------

     Total  Liabilities                                      1,583,889

COMMITMENTS

STOCKHOLDERS'  EQUITY  (DEFICIT)                           (1,340,823)
                                                          ------------

TOTAL  LIABILITIES  AND  STOCKHOLDERS'
 EQUITY  (DEFICIT)                                        $    243,066
                                                          ============


          Read accompanying Notes to Consolidated Financial Statements.


                                      -2-
<PAGE>
<TABLE>
<CAPTION>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
         CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
                       YEARS ENDED MARCH 31, 2004 AND 2003


                                           2004         2003
                                        -----------  -----------
<S>                                     <C>          <C>
REVENUES                                $   34,609   $        -
                                        -----------  -----------
EXPENSES
 Operating (exclusive of depreciation
  shown below)                              13,848            -
 General and administrative                327,927      356,494
 Interest expense                            7,238            -
 Depreciation and amortization              27,952        6,040
                                        -----------  -----------

    Total Expenses                         376,965      362,534
                                        -----------  -----------

NET (LOSS)                                (342,356)    (362,534)

OTHER COMPREHENSIVE INCOME
 Foreign currency translation
  adjustments                             (128,409)     (41,377)
                                        -----------  -----------

COMPREHENSIVE INCOME (LOSS)             $ (470,765)  $ (403,911)
                                        ===========  ===========

(LOSS) PER SHARE                        $     (.10)  $     (.12)
                                        ===========  ===========

WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                             3,337,937    2,978,421
                                        ===========  ===========
</TABLE>

Read accompanying Notes to Consolidated Financial Statements.


                                      -3-
<PAGE>
<TABLE>
<CAPTION>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
      CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
                      YEARS ENDED MARCH 31, 2004 AND 2003


                                  Common Stock     Additional     Retained        Other
                                Number of   Par      Paid-In      Earnings     Comprehensive
                                 Shares    Value     Capital     (Deficit)        Income          Total
                                ---------  ------  -----------  ------------  ---------------  ------------
<S>                             <C>        <C>     <C>          <C>           <C>              <C>
Balance - March 31, 2002        2,903,900  $2,904  $   868,736  $(1,549,511)          24,609      (653,262)

Common shares issued for cash     200,000     200       30,040            -                -        30,240

Net (loss)                              -       -            -     (362,534)               -      (362,534)

Foreign currency translation
 adjustments                            -       -            -            -          (41,377)      (41,377)
                                ---------  ------  -----------  ------------  ---------------  ------------

Balance - March 31, 2003        3,103,900   3,104      898,776   (1,912,045)         (16,768)   (1,026,933)

Common shares issued for cash      60,000      60       14,940            -                -        15,000

 Common shares issued in
connection with notes payable     567,500     568      141,307            -                -       141,875

Net (loss)                              -       -            -     (342,356)               -      (342,356)

Foreign currency translation
 adjustments                            -       -            -            -         (128,409)     (128,409)
                                ---------  ------  -----------  ------------  ---------------  ------------

Balance - March 31, 2004        3,731,400  $3,732  $ 1,055,023  $(2,254,401)  $     (145,177)  $(1,340,823)
                                =========  ======  ===========  ============  ===============  ============
</TABLE>

          Read accompanying Notes to Consolidated Financial Statements.


                                      -4-
<PAGE>
<TABLE>
<CAPTION>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                      YEARS ENDED MARCH 31, 2004 AND 2003


                                            2004        2003
                                         ----------  ----------
<S>                                      <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net (loss)                              $(342,356)  $(362,534)
 Adjustments to reconcile net loss
  to net cash used in operating
  activities:
   Depreciation and amortization            27,952       6,040
   Foreign currency translation
    adjustments                           (128,409)    (41,377)
   (Increase) decrease in:
     Prepaid expenses                       (9,877)          -
     Deposit                                  (724)          -
    Increase (decrease) in accounts
     payable                                17,005      (1,865)
                                         ----------  ----------

NET CASH USED IN OPERATING ACTIVITIES     (436,409)   (399,736)
                                         ----------  ----------

CASH FLOWS FROM INVESTING ACTIVITIES
 Purchase of telecommunications
  equipment                                (25,135)          -
                                         ----------  ----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Increase in amount due to affiliate      358,445     369,937
  Proceeds of notes payable                 94,886           -
  Repayment of notes payable                (7,000)          -
  Net proceeds from issuance of common
   stock                                    15,000      30,240
                                         ----------  ----------

NET CASH FLOWS PROVIDED BY FINANCING
 ACTIVITIES                                461,331     400,177
                                         ----------  ----------

NET (DECREASE) INCREASE IN CASH               (213)        441

CASH - BEGINNING                               685         244
                                         ----------  ----------

CASH - ENDING                            $     472   $     685
                                         ==========  ==========
</TABLE>


  Read accompanying Notes to Consolidated Financial Statements.


                                      -5-
<PAGE>
<TABLE>
<CAPTION>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
                       YEARS ENDED MARCH 31, 2004 AND 2003


                                        2004    2003
                                      --------  -----
<S>                                   <C>       <C>
SUPPLEMENTAL DISCLOSURES OF CASH
 FLOW INFORMATION:

  Cash paid during the year for:
   Interest                           $  7,238  $   -
                                      ========  =====

SUPPLEMENTAL DISCLOSURE OF NONCASH
 INVESTING AND FINANCING ACTIVITIES:

  Purchase of telecommunications
   equipment included in accounts
   payable.                           $ 80,965  $   -
                                      ========  =====

  Issuance of common shares with
   notes payable recorded as
   deferred financing costs.          $141,875  $   -
                                      ========  =====
</TABLE>

   Read accompanying Notes to Consolidated Financial Statements.


                                      -6-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  1.  ORGANIZATION
          ------------

          Crown  International,  Inc. was incorporated on December 6, 1996 under
          the  laws of the State of Florida. The Company is currently engaged in
          the  business  of  providing  television,  Internet  and  other
          telecommunications  services  to  multi  dwelling  unit buildings. The
          Company's  headquarters  is  in  Toronto,  Canada.

          On  November  1,  2003,  the  Company  ceased to be in the development
          stage.

NOTE  2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
          ----------------------------------------------

          PRINCIPLES  OF  CONSOLIDATION
          -----------------------------

          These  consolidated  financial  statements include the accounts of the
          Company  and  its  wholly-owned  subsidiary, Crown Networks, Inc. This
          subsidiary  had  no activity during the year ended March 31, 2003. All
          significant  intercompany  balances  and  transactions  have  been
          eliminated  in  consolidation.

          PROPERTY  AND  EQUIPMENT
          ------------------------

          Property  and  equipment  is  recorded at cost. Expenditures for major
          betterments  and  additions  are  capitalized  while  replacements,
          maintenance and repairs which do not improve or extend the life of the
          respective  assets,  are  expensed.

          Depreciation  is  computed  by  the  straight-line  method  over  the
          estimated  useful  lives  of  the  assets  as  follows:

               Office  and  computer  equipment          5  years
               Telecommunications  equipment             7  years


                                      -7-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
          ----------------------------------------------------------

          DEFERRED  FINANCING  COSTS
          --------------------------

          Costs  incurred relating to the issuance of the notes payable (Note 4)
          are  being  amortized  on the straight-line basis over the term of the
          related  note.  As  of  March  31,  2004, accumulated amortization was
          $16,684.

          REVENUE  RECOGNITION
          --------------------

          Revenues for telecommunication services are recognized over the period
          services  are  provided. The services are invoiced at the beginning of
          the  month  for  that  month.

          INCOME  TAXES
          -------------

          Deferred  income  taxes are provided for differences between the basis
          of  assets  and  liabilities for financial and income tax reporting. A
          valuation  allowance is provided against deferred income tax assets in
          circumstances where management believes recoverability of a portion of
          the  assets  is  not  reasonably  assured.

          (LOSS)  PER  SHARE
          ------------------

          (Loss)  per  share  is computed by dividing net (loss) for the year by
          the  weighted  average  number  of  shares  outstanding.

          COMPREHENSIVE  INCOME
          ---------------------

          SFAS  No.  130, "Reporting Comprehensive Income" establishes standards
          for  reporting  and  presentation  of  changes in stockholders' equity
          resulting from non-owner sources. Comprehensive income is the total of
          net  income  (loss)  and  other comprehensive income. For the Company,
          other  comprehensive  income is comprised entirely of foreign currency
          translation  adjustments.


                                      -8-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
          ----------------------------------------------------------

          STATEMENT  OF  CASH  FLOWS
          --------------------------

          For purposes of this statement the Company considers all highly liquid
          investments  with  an  original maturity of three months or less to be
          cash  equivalents.

          USE  OF  ESTIMATES
          ------------------

          Management  uses  estimates  and  assumptions  in  preparing financial
          statements  in  accordance  with  generally  accepted  accounting
          principles.  Those  estimates  and  assumptions  affect  the  reported
          amounts of assets and liabilities, the disclosure of contingent assets
          and  liabilities, and the reported revenues and expenses. Accordingly,
          actual  results  could  vary  from  the estimates that were assumed in
          preparing  the  financial  statements.

NOTE  3.  PROPERTY  AND  EQUIPMENT
          ------------------------

          Property  and  equipment  as  of  March  31,  2004  consisted  of  the
          following:

               Office and computer equipment          $  30,192
               Telecommunications equipment             106,100
                                                      ----------
                                                        136,292
               Accumulated depreciation               (  29,490)
                                                      ----------

               Total                                  $ 106,802
                                                      ==========

          For  the years ended March 31, 2004 and 2003, depreciation expense was
          $11,268  and  $6,040,  respectively.

NOTE  4.  NOTES  PAYABLE
          --------------

          In  connection  with  the private placement memorandum dated August 1,
          2003  (Note  6),  the  Company  issued  notes  payable


                                      -9-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  4.  NOTES  PAYABLE  (CONTINUED)
          --------------------------

          totaling  CDN$124,850  (US$87,886).  The notes are repayable in thirty
          six  monthly  installments  totaling  CDN$3,271  (US$2,486)  including
          interest  at  12%  per  annum  with  balloon payments of approximately
          US$28,005  due  through  December  2006.  The notes payable include an
          "interest bonus" equal to 10% of the note proceeds. The interest bonus
          is  expensed  over the term of the related note. The remaining portion
          is  included  in  prepaid  expenses.  As additional consideration, the
          Company  issued 567,500 common shares. The common shares were recorded
          as  deferred  financing costs at a value of $.25 per share for a total
          of  $141,875  (Note  2).  The  notes  payable  are  collateralized  by
          telecommunications  equipment  and  an assignment of its interest in a
          Communications  Service  Agreement  (Note  8).


               Total notes payable                       $  87,886
               Current portion                            (20,523)
                                                          --------

               Notes payable, less current portion       $  67,363
                                                         =========

          Notes  payable  due  subsequent  to  March  31, 2004 are summarized as
          follows:

                  March  31,                         Amount
                  ----------                         ------

                    2005                            $20,523
                    2006                             23,051
                    2007                             44,312
                                                    -------

                    Total                           $87,886
                                                    =======

          On  April  14,  2004,  an  additional  note  payable  for  CDN$51,150
          (US$38,363) was issued and as additional consideration, 232,500 common
          shares  were  issued.


                                      -10-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  5.  INCOME  TAXES
          -------------

          As of March 31, 2004, the Company has net operating loss carryforwards
          for  income  tax purposes of approximately $1,258,900 expiring through
          March 31, 2024, available to offset future taxable income. No deferred
          income  taxes  have been recorded due to the Company having no history
          of  profitable operations. Significant components of the Company's net
          deferred  income  tax  asset  are  as  follows:

                                            2004        2003
                                         ----------  ----------

              Start-up expenditures      $ 374,200   $ 669,000
              Net operating loss
               carryforward                473,700      51,000
                                         ----------  ----------
                                           847,900     720,000
              Less: Valuation allowance   (847,900)   (720,000)
                                         ----------  ----------

              Net deferred income tax
               asset                     $       -   $       -
                                         ==========  ==========

          During  the  year  ended  March  31,  2004,  the  valuation  allowance
          increased  by  $127,900.

          The  reconciliation  of  income  tax (benefit) computed at the federal
          statutory rate to income tax expense (benefit) is as follows:

                                           2004      2003
                                         --------  --------

              Tax (benefit) at federal
                statutory rate            (34.00)%  (34.00)%
              State tax (benefit), net
                of federal benefit         (3.63)    (3.63)
              Valuation allowance          37.63     37.63
                                         --------  --------

              Tax provision (benefit)      00.00%    00.00%
                                         ========  ========


                                      -11-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  6.  CAPITAL  STOCK
          --------------

          The  Company  has authorized 50,000,000 common shares with a par value
          of $.001 per share. As of March 31, 2004, 3,731,400 common shares were
          issued  and  outstanding.

          On  September  2,  2003,  the  Company  issued  a  private  placement
          memorandum  for the offering of a maximum of fifty units consisting of
          20,000  common shares at a price of US$.25 per share under Rule 506 of
          Regulation  D of the Securities Act of 1933. 60,000 common shares were
          sold  for  cash  totaling $15,000. The offering expired on December 1,
          2003.

          On  August  1, 2003, the Company issued a private placement memorandum
          for  the offering of a maximum of fifty units consisting of a note for
          CDN$5,000  (US$3,800) (Note 4) and 25,000 common shares under Rule 506
          of  Regulation  D  of the Securities Act of 1933. The offering expired
          April  27,  2004  but  was informally extended to July 31, 2004. As of
          March  31,  2004, 22.7 units were sold for CDN$113,500 (US$87,886). On
          April  14,  2004,  an  additional  9.3  units were sold for CDN$46,500
          (US$35,340).

          On October 28, 2002, the Company issued a private placement memorandum
          for  the  offering  of  a  maximum of four units consisting of 100,000
          common  shares  per unit at a price of CDN$.25 per share (US$.1575 per
          share)  under  Rule 506 of Regulation D of the Securities Act of 1933.
          As  of  March  31,  2004,  200,000  common  shares  were sold for cash
          totaling  US$30,240  net  of  offering costs of US$1,260. The offering
          expired  on  January  26,  2003.


                                      -12-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  7.  RELATED  PARTY  TRANSACTIONS
          ----------------------------

          DUE  TO  AFFILIATE
          ------------------

          The  Company  receives funding from a Canadian company wholly-owned by
          the  spouse  of  one  of  the  Company's directors for working capital
          purposes  and  to  pay  for general and administrative expenses. As of
          March 31, 2004, the amount due this company was $1,365,290. The amount
          due  does  not  bear  interest  and  has  no fixed term for repayment.
          Subsequent  to  March  31,  2004, net payments of approximately $4,600
          were  made.

          In  addition,  the  Company  engaged in various transactions with this
          Canadian  company  summarized as follows for the years ended March 31,
          2004  and  2003:

          Management  Fees  -  On  April  1,  2000,  the  Company entered into a
          ----------------
          management  agreement  to  provide  administrative,  professional  and
          marketing  services  for  a  yearly fee of CDN$300,000 (US$222,000 and
          US$194,100  during  the  years  ended  March  31,  2004  and  2003,
          respectively).  The  agreement  can  be  terminated  upon  thirty days
          written  notice.  In  addition,  during November 2002, the Company was
          charged  US$75,000  for  corporate  governance  services.

          Office  Rent - The Company leased office space for an annual rental of
          -----------
          CDN$18,000  (US$13,300  and US$11,600 during the years ended March 31,
          2004  and  2003,  respectively).

NOTE  8.  COMMITMENTS
          -----------

          COMMUNICATIONS  SERVICE  AGREEMENT
          ----------------------------------

          Effective  November 1, 2003, the Company entered into a communications
          service  agreement  to  provide basic television services at a monthly
          fee  of  CDN$8,746


                                      -13-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  8.  COMMITMENTS  (CONTINUED)
          -----------------------

          COMMUNICATIONS  SERVICE  AGREEMENT  (CONTINUED)
          ----------------------------------------------

          (US$6,647)  to  a  condominium corporation consisting of approximately
          900  suites located in Toronto, Canada. The agreement expires in seven
          years  but  can  be renewed. Effective February 1, 2004, the agreement
          was amended to increase the monthly fee to CDN$9,723 (US$7,389) and to
          extend  the  term  to  twelve  years.

          OPERATING  LEASES
          -----------------

          In  addition  to  the  leased  office space referred to in Note 7, the
          Company  leases  other  administrative  and  software  development
          facilities  on a month-to-month basis for CDN$600 (US$444) and under a
          one  year  operating  lease for a monthly rental of CDN$1,134 (US$839)
          expiring  September  30,  2004.

          The  Company  also  leases  an automobile and computer equipment under
          noncancelable operating leases expiring through October 2007.

          Future  minimum  lease  payments  due under these leases for the years
          ending  subsequent  to  March  31,  2004  are  as  follows:

                     March  31,                Amount
                     ----------                ------

                       2005                    $15,229
                       2006                      8,847
                       2007                      8,847
                       2008                      4,424
                                               -------

                     Total                     $37,347
                                               =======

          During  the  years  ended  March  31,  2003 and 2002, rent expense was
          $28,405  and  $25,112,  respectively.


                                      -14-
<PAGE>
                     CROWN INTERNATIONAL, INC. & SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004


NOTE  9.  CONCENTRATION  OF  CREDIT  RISK
          -------------------------------

          The Company's revenue was earned from one customer (Note 8).

NOTE 10.  GOING  CONCERN
          --------------

          The accompanying financial statements have been presented on the basis
          of the continuation of the Company as a going concern. As reflected in
          the  financial  statements, the Company has incurred an operating loss
          of  $342,356  for the year ended March 31, 2004 and has an accumulated
          deficit of $2,254,401 as of March 31, 2004. These conditions create an
          uncertainty  as  to  the  Company's  ability  to  continue  as a going
          concern.  With  the  Company's  investment  in  it's  subsidiary Crown
          Networks,  Inc.  to  provide  Internet  and  television  services  to
          residential  multi-dwelling  unit facilities, management believes that
          it  will  be  able to become successful and profitable. The ability of
          the  Company  to  continue  as  a  going concern is dependent upon the
          success  of  this  action. The financial statements do not include any
          adjustments  relating  to  the  recoverability  and  classification of
          recorded  asset  amounts  or  the  amounts  and  classification  of
          liabilities  that  might  be necessary should the Company be unable to
          continue  as  a  going  concern.


                                      -15-
<PAGE>
ITEM  8.   CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON ACCOUNTING AND
--------------------------------------------------------------------------------
FINANCIAL  DISCLOSURE
---------------------

     Not  applicable.

ITEM  8A.   CONTROLS  AND  PROCEDURES
-------------------------------------

Evaluation of disclosure controls and procedures:
     As of the end of the period covered by this report, the Company carried out
     an  evaluation  of  the  effectiveness  of  the design and operation of its
     disclosure  controls  and  procedures pursuant to Exchange Act Rule 13a-14.
     This  evaluation  was done under the supervision and with the participation
     of  the  Company's  President  and Chief Financial Officer. Based upon that
     evaluation,  they  concluded  that  the  Company's  disclosure controls and
     procedures are effective in gathering, analyzing and disclosing information
     needed  to  satisfy the Company's disclosure obligations under the Exchange
     Act.

Changes  in  internal  controls:
     There  were no significant changes in the Company's internal controls or in
     other factors that could significantly affect those controls since the most
     recent  evaluation  of  such  controls.


PART  III

ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND  CONTROL  PERSONS;
-----------------------------------------------------------------------------
          COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT.
          ---------------------------------------------------------

(a)  Directors  And  Executive  Officers:

As  of 31 March 2004,  the following are the directors and executive officers of
the  Company:

Alex  Kennedy, 70, was appointed Secretary and Director on April 22, 2000 is the
Secretary,  and  Treasurer on May 13, 2002.  Within the past 5 years he has been
involved  with  RDG  Minerals Inc., Mining), and TTLN - Total Entertainment Inc.
(Internet  Entertainment).  He  brings  extensive  background  in  the
retail-merchandising  field,  where he was CEO of 2 national retail companies in
Canada.  He  is  a Director for Ashurst Technologies Ltd. (listed on the Toronto
Stock  Exchange)  and  NETFORFUN.com  Inc.  (a Canadian public Company seeking a
listing  on  CDNX).  Mr.  Kennedy  is  available  upon request to the Company to
advise  on  General  Management  issues  such  as  Marketing  and Relations with
industry  participants.

Alan  Irwin, B.A., LL.B., 61,  has served as a Director since April 22, 2000 and
was appointed President and Chief Executive Officer on 13 May, 2002. In 1995 and
1996  he  was  the  Director  and  President of Typhon Industries Ltd., a public
company  in  recreation and entertainment.  Since 1997 he has been the developer
of Greatway Global Communications Corp. in product and business.  He brings with
him  expertise  in  new  business  development,  mergers  and  acquisitions,
divestitures  and  various  financing  arrangements  for  both publicly held and
private  companies.  Mr.  Irwin provides Management services as a representative
of  Macwin  Investments,  Inc.

Lorna  Irwin,  52  was appointed Chief Financial Officer on 13 May, 2002. She is
the  controlling  shareholder  of  Macwin  Investments  Inc., an Ontario, Canada
Private  Corporation, and Macwin Investments Inc. is the controlling shareholder
of  Greatway,  and  Greatway is the controlling shareholder of The Company.  For
the  past  13 years, Lorna Irwin has operated Macwin Investments Inc. and Macwin
Consulting Inc. (also an Ontario, Canada Private Corporation) and both Companies
offer financing and consulting services, para legal services and bookkeeping and
portfolio  management  services  to  various  private  and  public  companies.

Under Section 3 of ARTICLE III of the Bylaws, the directors serve until the next
annual  meeting  of the shareholders, at which time directors are elected by the
shareholders.  A  director  is  to  hold  office  until  his or her successor is
elected.  If  a  director  vacates  his  or  her position during that director's
tenure,  his  or  her  replacement  is  filled  by  a  majority of the remaining
directors,  of  the  shareholders  if  no  directors  remain.


                                       12
<PAGE>
(b)  Identify  Significant  Employees

There  are  no  employees  with  the  Company.  The following provide Consulting
services  to  the  Company:

Lisa  Bailey, 47, serving as Senior Financial Advisor since November 1999 - is a
self-employed  small  business  advisor.  Since  1984  she has offered financial
services  and specializes in the area of planning, administration and management
of  businesses.  Currently  working  in  the  Ottawa, Canada area Ms. Bailey has
acted  as  the  Senior  Financial  advisor to Greatway, and now, the Company and
provides  assistance  in  matters  of  financial planning and projections.  Lisa
Bailey  is  available upon request to the Company to advise on general financial
matters  and  to  assist  in  the  preparation  of  financial  statements  and
projections.

The  Company has entered into a Management Contract with Macwin Investments Inc.
for  Management,  Marketing  and  Professional  services  upon  such  terms  and
conditions  as  described  and  set  forth  in  Exhibit  No.  10.4  herein.

(c)  Compliance With Section 16(A) Of The Exchange Act: Not applicable.


ITEM  10.  EXECUTIVE  COMPENSATION
----------------------------------

None  of  the  Officers  or  directors receive any compensation at this time. No
employee,  officer,  or  director  of  the  Company  has  any  form of long-term
compensation,  including  (but  not  limited thereto) qualified or non-qualified
stock  options,  warrants, incentive plans, SAR's, stock bonus plans, retirement
plans,  or  otherwise.

     Amount of time devoted to the Company's business by Officers/Directors:
          Alan  Irwin,  President,  Chief Executive Officer/Director    - 100%
          Alex  Kennedy,  Director/Secretary,  Treasurer                 - 30%
          Lorna  Irwin,  Chief  Financial  Officer                      - 100%

     Amount  of  time devoted to the Company's business by Significant others as
stated  in  Item  9  (b)  above:
          Lisa  Bailey,  Senior  Financial  advisor                    - 30%


ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
--------------------------------------------------------------------------------
            RELATED  STOCKHOLDER  MATTERS
            -----------------------------

(a)  Security  Ownership  Of  Certain  Beneficial  Owners:
       The  following persons (including any group as defined in Regulation S-B,
Section  228.403)  are known to the Company, as the issuer, to be the beneficial
owner  of  more  than  five  percent  of  any  class of the said issuer's voting
securities:

<TABLE>
<CAPTION>
                                        Amount and
                    Name of             Nature of
Title of           Beneficial           Beneficial  Percentage
Class                Owner                Owner      of Class
--------  ----------------------------  ----------  ----------
<S>       <C>                           <C>         <C>
Common    Brigand Capital Corp.            500,300       13.40
          Toronto, Ontario

Common    Greatway Global                2,000,000       53.60
          Communications Corp.
          Toronto, Ontario

Common    Vidcom.com Technologies Inc.     567,500       15.21
          Etobicoke, Ontario

Common    Bull International Inc.          200,000       05.36
          Toronto, Ontario

TOTAL                                    3,267,800       87.57
</TABLE>


                                       13
<PAGE>
(1)  Brigand  Capital  Corp. is an Ontario, Canada corporation.  V.T.Franszke is
the  sole  stockholder  of  the  Company.

(2)  Greatway  Global  Communications  Corp.  is an Ontario, Canada Corporation.
          (a)  Macwin Investments Inc., an Ontario, Canada Corporation holds 82%
          of  the  common  shares  of Greatway Global Communications Corp. Lorna
          Irwin  has controlling ownership and is the sole stockholder of Macwin
          Investments,  Inc.
          (b)  125739  Canada, Inc., a Canadian Private Corporation holds 18% of
          the  common  shares  of  Greatway  Global Communications Corp. Kenneth
          Stewart,  personally,  and  147854  Canada  Inc.,  a  Canadian Private
          Corporation,  in which Kenneth Stewart is the controlling stockholder,
          are  the  controlling  stockholders  of  125739  Canada  Inc.

(3)  Vidcom.com  Technologies  Inc.  is  an  Ontario,  Canada Corporation.  V.L.
Palermo  is  the  sole  stockholder  of  the  Company  .

(4)  Bull  International,  Inc. is a Bermuda Corporation soley owned by Balmoral
Corp.  which  is  controlled  by  Derek  Bunton.


(b)  Security  Ownership  Of Management:     The following information lists, as
     -----------------------------------
to each class, equity securities beneficially owned by all directors.

             Name and                       Amount and
             Address of                     Nature of
Title of     Beneficial                     Beneficial          Percentage
Class        Owner                          Owner               of Class
-------------------------------------------------------------------------------
Common       Alan  Irwin                    1,640,000           43.95
             R.R. #2, Godfrey, Ontario
             KOH  1TO

Alan Irwin is the spouse of Lorna Irwin.  Lorna Irwin is the sole stockholder of
Macwin  Investments,  Inc.,  an Ontario, Canada Corporation. Macwin Investments,
Inc. is the majority stockholder of Greatway Global Communications Corp.

NOTE  TO  (a)  and  (b)  ABOVE: As to the beneficial ownership of the securities
listed above in (a) and (b), no such owner has the right to acquire within sixty
(60)  days  or  otherwise,  the  right to acquire shares from options, warrants,
right,  conversion  privileges,  or  similar  obligations.

(c)  Changes In Control:   There are no arrangements that may result in a change
     ------------------
in  control  of  the  Company.


ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS
-------------------------------------------------------------

Since  April  1, 2000 the Company has been provided with monies and services for
the  Company's activities by Macwin Investments Inc.  Macwin Investments Inc., a
Ontario,  Canada  private  Corporation  owned by Lorna Irwin, the spouse of Alan
Irwin,  a  Director  of  the  Company.  Macwin  Investments  is  the controlling
shareholder of Greatway Global Communications Corp., the holder of 53.60% of the
common  stock  of  the  Company.

Macwin  Investments  Inc.  has  provided  management services to the Company and
monies  for  the  purchase of equipment, general and administrative expenses and
research  and  development  expenses.

The outstanding advances for monies and services are in the amount of $1,365,290
and  are  non-interest bearing and have no fixed term for repayment as set forth
in  the Company's Financial Statements for the fiscal year ending 31 March, 2004
filed  herewith.


                                       14
<PAGE>
ITEM 13.   EXHIBITS AND REPORTS ON FORM 8-K
-------------------------------------------

(a)     Exhibit  No.      Description
        -----------       -----------

        10.4              Management Contract
        31                Certification By Principal Executive Officers
        32.1              Certification of Chief Executive Officer
        32.2              Certification of Chief Financial Officer

(b)     Report  on  Form  8-K:     None  for  this  quarter.


ITEM  14.   PRINCIPAL  ACCOUNTANT  FEES  AND  SERVICES
------------------------------------------------------

The Company paid audit fees to its independent certified public accountant, Earl
M.  Cohen, C.P.A., P.A. in the amount of $15,300 and $12,781 for the years ended
March  31,  2004 and 2003, respectively. Tax return preparation fees paid to its
independent  certified  public  accountant was $2,735 and $0 for the years ended
March  31,  2004  and  2003  respectively.



SIGNATURES
----------

     In  accordance with Section 13 or 15(d) of the Exchange Act, the Registrant
caused  this  Form  10-KSB  to be signed on its behalf by the undersigned in the
capacities and on the dates indicated, thereunto duly authorized.

                                       CROWN INTERNATIONAL, INC./FL
                                       (Registrant)


Dated:   13 July, 2004                 By : /s/ ALAN IRWIN
                                       -------------------
                                       ALAN IRWIN, Director, President and
                                       Chief Executive Officer

Dated:   13 July, 2004                 By : /s/  ALEX KENNEDY
                                       ----------------------
                                       ALEX KENNEDY, Director,
                                       Secretary  & Treasurer

Dated:   13 July, 2004                 By : /s/  ORNA IRWIN
                                       --------------------
                                       LORNA IRWIN,
                                       Chief Financial Officer


                                       15
<PAGE>