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

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

                For the fiscal year ended: December 31, 2000

                       Commission file number 0-28225

                       WORLDNET RESOURCE GROUP, INC.
                      -------------------------------
           (Exact name of registrant as specified in its charter)

     Utah                                                   91-2063239
(State or other jurisdiction of                        (I.R.S. Employer
incorporation  or organization)                         Identification No.)

                             920 N. Nash Street
                            El Segundo, CA 90245
                  (Address of principal executive offices)
                                 (zip code)

                Issuer's Telephone Number:    (310) 607-0060

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

       Securities registered under Section 12(g) of the Exchange Act:
                       Common Stock, $.001 par value
                              (Title if Class)

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

Indicate by check mark if disclosure of delinquent filers pursuant  to Item
405  of  Regulation  S-K is not contained herein,  and  will  not  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-K or any amendment to this Form 10-K.  [     ]

The number of shares of Common Stock, $0.001 par value, outstanding on
December   31,  2000,  was  55,839,021  shares,  held  by  approximately
459 stockholders.


                                   INDEX

Part I

Item 1.   Business . . . . . . . . . . . . . . . . . . . . . . . . . . . .3

Item 2.   Properties . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Item 3.   Legal Proceedings. . . . . . . . . . . . . . . . . . . . . . . 16

Item 4.   Submission of Matters to a vote of Security Holders. . . . . . 16

Part II

Item 5.   Market for Registrant's Common Equity and Related
          Stockholders Matters . . . . . . . . . . . . . . . . . . . . . 16

Item 6.   Management Discussion and Analysis of Financial
          Condition and Results of Operations. . . . . . . . . . . . . . 17

Item 7.   Financial Statements and Supplementary Data. . . . . . . . . . 20

Item 8.   Changes in Accountant. . . . . . . . . . . . . . . . . . . . . 42

Part III

Item 9.   Directors and Executive Officers of the Registrant . . . . . . 42

Item 10.  Executive Compensation . . . . . . . . . . . . . . . . . . . . 43

Item 11.  Security Ownership of Certain Beneficial Owners
          and Management . . . . . . . . . . . . . . . . . . . . . . . . 43

Item 12.  Certain Relationships and Related Transactions . . . . . . . . 43

Item 13.  Exhibits and Reports . . . . . . . . . . . . . . . . . . . . . 44

          Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . 45






                                     2

PART I

When used in this 10-KSB and elsewhere by management or WorldNet Resource
Group, Inc. ('WNRG" or the "Company") from time to time, the words
"expect," "estimate," "anticipate," "predict," "believe," "plans" and
similar expressions are intended to identify forward-looking statements
concerning economic performance, future financial condition, and the
Company's business operations. Such statements involve risks, uncertainties
and assumptions, including industry and economic conditions, customer
actions and other factors discussed in this filing and other filings with
the Securities and Exchange Commission (the "SEC"). These statements are
based on a number of assumptions and estimates that are inherently subject
to significant risks and uncertainties, many of which are beyond our
control, and reflect future business decisions which are subject to change.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this Form 10-KSB. Should one
or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially from those
indicated. Furthermore, the Company cannot give assurance regarding returns
to investors.

Item 1. Business

OVERVIEW

WorldNet Resource Group, Inc. ("WNRG" or the "Company," which includes the
parent company and all of its subsidiaries) is a holding company engaged in
operating and developing companies from a number of diverse markets. The
Company was incorporated in 1981 in the state of Utah under the name M-K
Energy. The Company changed its name in 1982 to Cache Drilling, Inc. and
again in 1988 to Almur Cosmetics, Inc.  The Company originally sold
securities to the public pursuant to a registration granted by the Utah
Securities Division on May 1, 1981, and the exemption from registration
under section 3(a)(11) of the Securities Act of 1933. In January 2000,
control of the Company was acquired by the current controlling
shareholders.  Since that time, the Company has undertaken to reorganize
its management and business strategy in order to become a holding company
primarily focused on helping traditional brick-and-mortar businesses take
advantage of new technology. WorldNet Resource Group develops these
companies either as majority-owned subsidiaries or through strategic
partnering arrangements. The Company will also acquire or partner with
existing companies whose business models or technologies complement the
Company's strategy by enhancing its products and services.  The Company's
mission is to capitalize on emerging markets by developing and operating
new technology ventures which are poised to create synergies with
traditional real-world businesses into highly focused and successful
organizations.

The Company will also seek to realize gains through the selective sale of
its investments to outside investors.  In some cases, the Company may
operate the subsidiaries indefinitely until a favorable way of divesting
them arises.  The Company believes that this strategy provides it the
ability to increase shareholder value and provide capital to support future
growth in the Company's subsidiaries and investments.  The Company expects
to continue to develop and refine the products and services of its
business, with the goal of increasing revenue as new products are
commercially introduced, and to continue to pursue the acquisition of or
investment in additional allied companies and technologies.


                                     3

BUSINESS STRATEGY

WNRG's key initiative focuses on creating value by developing, acquiring,
and investing in companies that have the potential to become market
leaders. The Company helps these ventures by infusing new technology, new
management, or corporate development support. WNRG plans to capitalize on
these opportunities through the selective sale of its investments to
outside investors.  WNRG will eventually divest these ventures either
through an IPO process, a reverse merger, or through the sale of the
venture to a strategic buyer. In some cases, WNRG will continue to operate
the entity indefinitely until a favorable way of divesting the entity
arises. This divestment process will eventually allow each of the
subsidiaries to be a stand-alone company.

The Company's strategic initiatives revolve around the following:

     Operation, Development & Support
     --------------------------------
     Operating units are managed, developed and operated by an appointed
     management team. WorldNet Resource Group provides strategic guidance,
     management services and support in the area of technology, corporate
     development, financial management, business affairs, and human
     resources. Each WNRG subsidiary or investment maintains its own
     separate sales and marketing staffs, enabling the sales personnel to
     develop strong customer relationships and expertise in their
     respective areas.

     Divestment
     ----------
     WNRG business units are developed and geared to become independent
     business units that can operate as stand-alone enterprises within the
     WNRG network.

     Promotion of Synergies
     ----------------------
     WorldNet Resource Group will promote an environment of collaboration
     and sharing of knowledge within its network of companies and strategic
     partners.

     Mergers & Acquisition
     ---------------------
     The Company will acquire majority ownership or invest in businesses
     that will benefit from new technologies provided by WorldNet Resource
     Group operating units. The Company is also actively looking for new
     opportunities in this area that would benefit and integrate with the
     operation of its subsidiaries

     Integration
     -----------
     As the industry evolves and new technology comes into fruition, there
     will be a continuous process of integration as the Company evolves
     with the changing environment.

     Value Engineering
     -----------------
     WorldNet Resource Group will continually seek new technology partners
     and integrate new technology to enhance operational efficiency and
     reduce costs. The Company will pursue cost improvement opportunities
     and shareholder value-based decisions through benchmarking, budgeting
     and strategic planning.

                                     4

     Investment Criteria
     -------------------
     The Company invests its resources in businesses that meet the
     following criteria: first -- WNRG acquires, develops and operates
     ventures that are positioned to add new life and value to traditional
     business models; second   critical acquisition focus is on the
     targeted company's ability to bring synergy and value to existing
     entities; third   ability of the targeted company or business model to
     generate revenue within a 120 day period after acquisition; and fourth
     - the venture is involved in an emerging industry and has potential to
     become a market leader.

OPERATING UNITS AND INVESTMENTS

The Company organizes its portfolio into key areas of focus, which are:
streaming media, wireless media, e-commerce, and entertainment. The Company
currently owns the majority or has minority interest in the following
companies:
<TABLE>
<CAPTION>
Entertainment
-------------
                                                                 Initial
                           Percentage                            Investment
       Company Name        of Ownership   Status                 Date
<S>                        <C>            <C>                    <C>
SprocketMusic              100%           Concept/Development    Aug-00
Entertech Media Group      10%            Operating              Aug-00

Streaming Media
---------------
                                                                 Initial
                           Percentage                            Investment
       Company Name        of Ownership   Status                 Date

UltraVu                    100%           Operating              Jul-00
Corporate Interviewing
 Network                   100%           Operating              Feb-01

E-Commerce
----------
                                                                 Initial
                           Percentage                            Investment
       Company Name        of Ownership   Status                 Date
AnythingSurplus            100%           Concept/Development    Dec-99
Iccount                    100%           Concept/Development    Jan-00
Autopoint.com              100%           Concept/Development    Dec-00

Wireless Media
--------------
                                                                 Initial
                           Percentage                            Investment
       Company Name        of Ownership   Status                 Date
MyMobileCity               20%            Operating              Aug-00
</TABLE>

The products and services of the Company's subsidiaries as of December 31,
2000, include the following:


                                     5

UltraVu.com
-----------

UltraVu, Inc. ("UltraVu,"), a Nevada corporation, is a national provider of
custom-formatted interviews primarily for corporate clients. The Company
offers its services through its forty locations nationwide and through its
streaming media technology and other web based products. UltraVu's key
areas of focus are driven by its product offerings and services, which
include the following: The UltraVu, CorporateVu Corporate Profile, CareerVu
Streaming Resume, and DateVu (Video Dating Interview). The UltraVu product
offers clients its forty locations in conducting preliminary interviews,
which will be streamed over a password secured extranet along with other
value-added web-based products. CorporateVu is a medium of communication
that allows corporate clients to showcase their companies to a targeted
audience (i.e. job seekers) through a customized video player over the
Internet.  CareerVu offer the job seekers a two or three minute video
overview of themselves and their career aspirations for the purpose of
matching jobseekers and employers.  UltraVu is providing dating services
its DateVu product, a service that allows their clients a two or three
minute video presentation of themselves over the Internet. Although DateVu
targets a different market, the application of the technology is the same;
for that reason DateVu is expected as an ancillary source of revenue.

The value behind UltraVu's services is that it offers businesses a single
point of management for all of their streaming content publishing and
delivery needs. In addition, UltraVu provides professional support for
website integration and free consulting services to enable clients to make
the most of their video content. UltraVu will sell its services to
businesses as an OEM (original equipment manufacturer) product.

UltraVu.com, Inc. was formed on July 31, 2000.  Mr. Brown received
2,500,000 shares of common stock for transfer of this concept; 500,000
shares were issued to a third party.  The primary developer of UltraVu is
Scott Salter, UltraVu's President.  UltraVu officially commenced operation
in November 2000, after the initial funding of WorldNet Resource Group, Inc
("WNRG"). As of December 31, 2000,  UltraVu has received financing from
WNRG. WorldNet Resource Group plans to continue its support of UltraVu
until it becomes self-sustaining. In addition to funding, UltraVu is
receiving technology, corporate development, and financial management
support from WorldNet Resource Group. The goal of WorldNet Resource Group
is to find co-investors for the companies under its portfolio through a
divestment process. This divestment process will eventually allow each of
the subsidiaries to stand on its own. WorldNet Resource Group eventually
plans to maintain a minority interest in UltraVu.  Other cash-inflow, which
is not sufficient to fund further development of UltraVu, is currently
coming from receivables from existing business relationships. UltraVu plans
to obtain further funding from venture capital firms, angel investors,
strategic partners, financial institutions or other interested investors in
order for the management team to successfully expedite the UltraVu mission
and objectives. With the addition of investment capital, we expect to
transition from a development level company to lean high-margin service
provider achieving profitability in the second year of operation.

From its commencement of operations through present day, the UltraVu has
been in the developmental stage. During this period, the company was
engaged primarily in testing and proving the business model, establishing
strategic partnerships, conducting market research, completing the
acquisition of the Corporate Interviewing Network, and signing up
customers.  UltraVu plans to further grow through strategic alliances,
through its franchise program, through branding, and through mergers and
acquisitions. The business model requires the ability to establish a

                                     6

network of interviewing locations that can conduct and videotape
interviews.  The interviews are encoded and delivered over the Internet
utilizing streaming media technology.  This process requires tools and
training of field representatives and efficient processes for handling the
delivery of the content in a timely manner. Field representatives or
franchisees will also be trained as field sales personnel.

In March 2001, the Company acquired Corporate Interviewing Network, Inc.,
which became the foundation for the "The Streaming Interviews" product
offering. This acquisition gave us a field network of trained interviewers,
a proven business model, and an existing stream of revenue from an
established customer base. The following are Corporate Interviewing Network
customers taking advantage of the Streaming Interview Product: National
Gypsum, Ruan Transportation, Las Vegas Valley Water District, City of
Henderson, NV, Richland County SC, City of Richmond, VA, and Clarke County,
Nevada. New Streaming Interviews customer trials are underway with Intel,
Target, and IBM.

Numerous strategic alliances have also been formed. Examples of these
include: Microsoft, Headhunter.net, WirelessResumes.com, Haines Cotti &
Associates, Collegegrad.com, and various government organizations. Numerous
key vendor relationships have also been formed with companies such as
Navisite and Exodus. Streaming Interviews relies on these vendors for
delivering its services.  For that reason Streaming Interviews plans to
maintain relationships with multiple vendors to generate best price
competition. These partnerships and relationships provide us with the
streaming media platform, hosting, storage and bandwidth to deliver the
video over the Internet.

MyMobileCity
------------

MyMobileCity is a developer and application service provider. MyMobileCity
will provide businesses with application, service, distribution and
promotional solutions on wireless devices. Their niche in the emerging
wireless industry lies in device and carrier interoperability. From Palm
(tm), IPAQ (tm) and Cybiko (tm) to Nokia(tm), Samsung(tm), Nextel(tm) and
Sprint (tm), MyMobileCity unites device demographics to its clientele's
audience.  MyMobileCity's suite of applications not only recognizes the
wide variety of new and emerging platforms and devices but also provides
optimized content and a consistent user experience regardless of device or
carrier.  The Company purchased 20% of the outstanding stock for $500,000
to be paid through future funding.

MyMobileCity currently two main products, which are Mobile Messenger and
the Mobile Adoption Engine.  The Mobile Messenger is being marketed at this
time, while the Mobile Adoption Engine is under development. The Mobile
Messenger allows businesses to instantly send text messages or advertising
to a targeted audience on digital communication devices such as cell
phones, pagers, and PDA's. The Mobile Adaptation Engine is a proprietary
middleware product designed to support the re-purposing of content for
display over various Internet-enabled devices.  Through XML-based
templates, unique application modules, and an efficient server application,
the Mobile Adaptation Engine is able to recognize the origin of page
requests and transparently return optimized content to the unique device.
On March 27, 2001 New Line Cinema signed a letter of intent to use
MyMobileCity's Mobile Messenger application.

Open source template architecture allows designers and businesses to
develop device-specific user interfaces or rely on MyMobileCity's available
templates. Subscription to the mobile adaptation engine includes master
templates as well as device-specific templates to reduce the burden of
development for existing and emerging devices.
                                     7

Application "modules" allow extended device specific features such as
location relationship and m-commerce to be driven off of static data or
active databases with minimal client development time. This adaptation
technology is built into MyMobileCity's Mobile Adaptation Engine, a product
that can run independently or on top of current XML conversion
technologies.

EnterTech Media Group
---------------------

Entertech Media (OTC BB: EMGI) was originally a motion picture company
formed by John Daly, whose previous film company won 21 Academy Awards for
such films as "Platoon," "The Last Emperor," and "The Falcon and the
Snowman."  Entertech Media operates as a traditional motion picture company
which is branching out into broadband with their new feature films as well
as with their existing catalog of films. Entertech Media will collaborate
with WorldNet Resource Group, Inc. on the production of programming for the
Internet and visual telephone-based technologies, both wired and wireless.
The companies are also considering expanding their Web sites to include
areas devoted to original and re-purposed 3D content, as well as specific
programming such as children's programming and science fiction. It is
anticipated that this content will be marketed on a business-to-business
basis to sites using the UltraVu Player. The plan is for EnterTech Media
Group, Inc. to eventually acquire Sprocket Music and Sprocket Radio and
other WNRG entertainment related properties to create Igo Media (EnterTech
Media Group, Inc. will file a name change to become Igo Media), an
entertainment content aggregator that focuses on many different media
platforms. Igo Media will operate in all aspects of the film and music
industries, through both traditional arenas and the on-line realm.  Igo
Media will eventually organize itself into three reporting segments, which
are: Igo Film, Igo Music, and Igo Radio.

In August 2000, the Company exchanged 10,000,000 restricted shares of its
common stock for 2,000,000 restricted shares of EnterTech common stock.
WNRG currently owns 20% of EnterTech Media Group, Inc. However, the two
parties have signed a letter of intent in March 2001 for WNRG to acquire
additional 45% of EnterTech Media Group, Inc., which means a total of 65%
of EnterTech Media Group, Inc.will be owned by WorldNet Resource Group.
Pursuant to WNRG's acquisition of Entertech Media Group, WorldNet Resource
Group announced it will disburse shares of Entertech Media Group, Inc. to
WNRG shareholders of record as of March 23, 2001 on a 4 to 100 basis. After
the stock dividend disbursement, WNRG will merge its fully-owned entities,
Sprocket Music, a record label, and Sprocket Radio, an Internet streaming
audio vehicle, with Entertech Media to create a new multimedia
entertainment venture called Igo Media.

Igo Media and WNRG will be focused on producing programming for the
Internet and visual telephone-based technologies, both wired and wireless.
Igo Media will be developing synergistic online properties: Igo Music, Igo
Films, and Igo Radio, each of which will focus on traditional and online
entertainment channels. The following are to be Igo Media's business
segments:

IGO FILM
--------

ExtraCast is a free searchable resource for authorized casting directors
seeking to cast background actors. Over the past four years, ExtraCast has
provided thousands of people for hundreds of projects for film, television,
music videos, print ads, and commercials. There are over 100 casting
directors with access to ExtraCast's members.

                                     8

IGO MUSIC
---------

Sprocket Music is a traditional record label company.  Sprocket will find
and sign artists to its label and engage in all other activities associated
with a record label company.  Sprocket will have a traditional off-line
retail distribution system.  Sprocket will also have an on-line presence.
Music from its artists will be downloadable via mp3 technology. Sprocket
Music was formed by music industry veteran Russ Regan, whose 35-year career
included executive positions with Motown, MCA, Polygram and Quality
Records.

The Company is currently finalizing contracts to acquire domain names,
business concepts, business plans, technology, industry contacts and know
how from the individuals who developed this business model.  Included among
those individuals is Stephen Brown.  The Company has set aside 4,500,000
restricted common shares for this acquisition.  Pursuant to the terms of
the agreement, Mr. Brown received 1,500,000 of those shares.  The remaining
shares went to non-affiliated third parties.

IGO RADIO
---------

Sprocket Music's online presence will be through Sprocket Radio. Music from
its artists is downloadable through digital technology via the Internet and
wireless web. Sprocket Radio is an Internet-based radio station utilizing
state of the art media delivery technology.  Sprocket Radio will be the
Internet arm of Sprocket Music.

Eccount
-------

The Company acquired Eccount in January 2000, when it issued 12,000,000
post-split shares to Stephen Brown to acquire all of the issued and
outstanding shares of Eccount.  The Company is currently inactive.

AnythingSurplus.com
-------------------

AnythingSurplus was established to be the premier Internet site providing
an on-line discount store that specializes in providing retail surplus
inventory to consumers, and to a lesser extent to businesses.

On January 12, 2001, the Company announced that Eccount and
AnythingSurplus.com would merge to become Iccount.com.  Iccount.com will
involve innovative ways in which on-line retail customers reap additional
financial benefits from their on-line purchases.  Iccount.com membership
will be free.  Users will submit their receipts from any on-line vendor in
order to accumulate Iccount Dollars.  These Iccount Dollars can then be
converted to make purchases from Iccount vendors.  The Company will target
a wide range of businesses to be member merchants including supermarkets,
telecommunications companies, airlines, credit card companies, music and
book sellers, leading online merchants and content providers, and others.
In addition, Iccount will make its own products available.  Through
relationships established in the development of AnythingSurplus.com,
Iccount has access to a wide variety of surplus products that it can, in
turn, sell to its users at an extremely discounted rate. The surplus
inventory will come from a variety of industries including home
electronics, furniture, sporting goods, pet supplies, clothing, and more.
All merchandise will be sold on consignment.  Revenue will be generated by
equally splitting excess revenues over merchandise liquidation value with
the partnering companies.

                                     9

Autopoint.com
-------------

Autopoint.com is an auto service website designed as an additional channel
for marketing communications, sales and distribution channels for locally
operated brick-and-mortar auto service centers. Autopoint.com is expected
to serve as a central location on the Internet where individuals in need of
automotive repairs and services can easily determine the location of
available service representatives who will help retrieve necessary parts
for repairs and make service calls for customers. Expected to launch in
mid-summer of 2001, AutoPoint.com will offer customers the convenience of
reserving a mechanic via the Internet to be dispatched to their home or
office. Autopoint.com's mission is to provide motorists across the nation
the convenience of scheduling routine automotive service and maintenance
through wired and wireless Internet.

The value behind Autopoint.com is its ability to leverage Internet
technology in assisting partnered brick-and-mortar auto service centers to
reach their customers. In addition, this new channel will help grow their
traditional revenue streams. Autopoint.com is compiling a nationwide
network of independently operated auto service centers in order to offer
this convenience to motorists around the country.

These independently operated auto service centers are motivated to be a
part of this network because of the following value propositions:

     -    New Revenue Stream & Distribution Channel - at a minimal fee,
          partnered companies will be able to utilize the Internet as a new
          way to bring in sales.

     -    Focused Operations - partnered companies may concentrate on their
          core competencies while Autopoint.com provides additional
          marketing and digital branding with almost no additional costs.

     -    Reduced Risk - with no capital expenditure on software and IT
          personnel, the partnered auto service center or centers may test
          a new technology development with no negative impact on their
          existing operations.

     -    Product Recognition - branding on a national basis.

     -    Just-in-time inventory system - allows affiliated businesses to
          know which parts to order prior to the job, allowing a JIT
          (just-in-time inventory system).

Consumer value is primarily derived from the convenience Autopoint
provides. Autopoint users may, from the convenience of their home, office,
or mobile phone, schedule and carry out all the necessary transactions
within minutes, and have a mechanic, tow truck or an auto detailer make the
house call service twenty-four hours a day and seven  days  a week.

Autopoint.com is currently a concept stage enterprise. This entity does not
yet have a management team in place. Accordingly, Autopopint.com has
minimal operation, and the ability of this entity to expeditiously
accomplish its mission and objectives is highly dependent upon WNRG's
ability to attract a capable management team and raise the necessary
capital. Products and services offered by this subsidiary are new and
commercially untried. Therefore, market acceptance for this new concept is
crucial for its success.  A payment of $50,000 was not made to the previous
owner and the Company is being sued for this amount.


                                     10

Hall of Fame and Auctionfun.com
-------------------------------

The Company has determined that Auctionfun.com and Jazz Hall of Fame do not
fit within its current business model.  Therefore, the Company has
accordingly written off assets related to both entities.


RISK FACTORS THAT MAY AFFECT FUTURE RESULTS

THE OCCURRENCE OF ANY OF THE FOLLOWING RISKS COULD MATERIALLY AND ADVERSELY
AFFECT OUR BUSINESS, FINANCIAL CONDITION AND OPERATING RESULTS. IN THAT
CASE, THE TRADING PRICE OF OUR COMMON STOCK COULD DECLINE AND YOU MIGHT
LOSE ALL OR PART OF YOUR INVESTMENT.

OUR BUSINESS IS DIFFICULT TO EVALUATE DUE TO OUR LIMITED OPERATING HISTORY.

In January 2000, the current controlling shareholders acquired control of
Multimedia Industries, Inc. New management was set in place the following
month, and re-organization of the Company immediately followed.  During the
1st and 2nd quarter of 2000, the Company's management team was focused on
developing its strategy, establishing its services, and securing financing
to support its business objectives. On July 31, 2000, the Company acquired
the 100% interest in UltraVu and 20% of MyMobileCity, while in August 2000
the Company acquired 10% interest in Entertech Media Group, Inc. The
operation and management of all three subsidiaries are supported by
WorldNet Resource Group. All of the other companies under our portfolio are
either in the concept stage or have minimal operating activities, while the
previously mentioned three are development stage enterprises. As a result,
it is difficult to anticipate what revenue may be generated from the
different segments of our business over the long term.

Our limited operating history will make it difficult to forecast our future
operating results because, among other things, we have only recently begun
marketing products from UltraVu. You should evaluate our chances of
financial and operational success in light of the risks, uncertainties,
expenses, delays and difficulties associated with operating a new business.
Our principal risks are that:

     -    We may not be able to increase usage of our services and derive
          revenue from these services;

     -    Our marketing and sales efforts may not be successful;

     -    We may not be able to effectively respond to competitive
          developments;

     -    We may not be able to integrate the business, products, services
          and technology of our recent acquisitions and possible future
          acquisitions; and

     -    We may not be able to provide the necessary personnel to manage
          the numerous development stage enterprises under our portfolio.

The uncertainty of our future performance and the uncertainties of our
operating in a new and expanding market increase the risk that the value of
your investment in our common stock will decline.


                                     11

WE HAVE A HISTORY OF LOSSES AND WE ANTICIPATE LOSSES WILL CONTINUE.

As of December 31, 2000, we had an accumulated deficit of $ 24,972,687.00
million. We have not achieved profitability and expect to continue to incur
net losses in 2001. We expect to continue to incur significant operating
expenses and, as a result, will need to generate significant revenues to
achieve profitability, which may not occur. Even if we do achieve
profitability, we may be unable to sustain or increase profitability on a
quarterly or annual basis in the future.

OUR OPERATING RESULTS MAY VARY FROM QUARTER TO QUARTER IN FUTURE PERIODS,
WHICH MAY CAUSE OUR STOCK PRICE TO FLUCTUATE OR TO DECLINE.

WNRG quarterly future expected revenues may vary depending on a number of
factors including:

     -    Our ability to successfully divest companies under our portfolio,
          which would result in capital gains or cash infusion for WNRG.

     -    Our ability to develop and successfully market products
          introduced to the market by our subsidiaries.

     -    Demand for our products and services introduced to the market by
          our subsidiaries.

     -    The ability of our subsidiaries to become viable and profitable
          businesses.

     -    Actions taken by competitors of our subsidiaries.

     -    Technological changes in the market.

Our operating results in any quarter will be harmed if our revenues for
that quarter fall below our expectations, and we are not able to quickly
reduce our operating expenses in response. Our operating expenses, which
include sales and marketing, service and product development, and general
and administrative expenses, are based on our expectations of future
revenues and are relatively fixed over a 30 to 45 day period. As a result,
our ability to rapidly adjust these expenses is limited, which may increase
the fluctuations in our quarterly operating results. In addition, we do not
have a sufficiently long operating history to be able to determine whether
revenue expectations are achievable, which could have an adverse impact on
our stock price.

OUR BUSINESS MODEL IS HIGHLY DEPENDENT UPON THE FINANCIAL MARKET.

The Company's ability to realize capital gains through the selective sale
of its subsidiaries to outside investors may be adversely affected by
macro-economic forces outside the control of the management. If we are
unable to anticipate changes in the financial markets for obtaining capital
for our subsidiaries we may not be able to expand these businesses to
successfully compete with other companies, or be able to fully implement
their business plans.


                                     12

THE BUSINESS MODELS OF OUR SUBSIDIARIES DEPEND HIGHLY ON UNPROVEN
TECHNOLOGY.

The numerous development stage enterprises under our portfolio depend upon
the Internet and other new technology (i.e. wireless media) to enable them
to build and deliver their services and products. Therefore, our
subsidiaries' revenue models and profit potentials are also unproven. We
may be required to further adapt our business model in response to
additional changes in the market for these services, or if our current
business model is not successful.

OUR SUBSIDIARIES ARE INVOLVED IN A HIGHLY EVOLVING AND COMPETETIVE MARKET

The Company's subsidiaries are primarily involved in, but not limited to,
the Internet market. The market for Internet products and services is
rapidly evolving and highly competitive. Although the Company has invested
in ventures involved in diverse segments of the Internet market, a single
supplier or key player could dominate the market. New competitors and
substitutes are continually entering the market, which may significantly
affect the Company's performance in the long run. The Company therefore
cannot give assurance regarding returns to investors.

IF WE ARE UNABLE TO OBTAIN ADDITIONAL FINANCING, WE MAY NOT BE ABLE TO
CONTINUE OR EXPAND OUR OPERATIONS.

Since our inception, our operating activities have used more cash than they
have generated. At this time, we are required to raise additional funds to
support current operations and expedite our business objectives. Such funds
may be required in order to do any or all of the following: fund more
aggressive marketing in the subsidiary level, support corporate development
objectives, develop new or enhanced products or services, respond to
competitive pressures, and/or to acquire complementary businesses, products
or technologies. We cannot be certain that additional financing will be
available on terms favorable to us, if at all. If adequate funds are not
available on acceptable terms or not available at all, we may be unable to
successfully promote our products and services, fund our expansion, develop
or enhance our products or services, respond to competitive pressures or
take advantage of acquisition opportunities.

YOU WILL EXPERIENCE DILUTION IF WE RAISE ADDITIONAL FUNDS THROUGH THE
ISSUANCE OF ADDITIONAL EQUITY OR CONVERTIBLE DEBT SECURITIES.

If we raise additional funds through the issuance of equity securities or
convertible debt securities, you will experience dilution of your
percentage ownership of our company. This dilution may be substantial. In
addition, these securities may have powers, preferences and rights that are
preferential to the holders of our common stock and may limit our ability
to pay dividends on our common stock.

OUR REVENUES WILL NOT INCREASE IF WE DO NOT SUCCESSFULLY DEVELOP AWARENESS
OF OUR BRAND NAMES.

If we fail to successfully promote and maintain our subsidiaries' brand
names, fail to generate a corresponding increase in revenues as a result of
our branding efforts, or encounter legal obstacles in connection with our
continued use of our brand names, our revenues will not increase and our
prospects for growth will be diminished. We believe that continuing to
build awareness of each of our brand names is critical to achieving
widespread acceptance of our services.


                                     13


We believe that brand recognition will become a key differentiating factor
among our subsidiaries as competition in the market for these services
increases. We will be unable to maintain and build brand awareness if we do
not succeed in our marketing efforts, provide high quality services and
increase the number of professionals and buyers requiring individuals with
specific professional skills to fulfill project needs.

THE SALES CYCLES FOR THE PRODUCTS AND SERVICES OFFERED BY OUR SUBSIDIARIES
MIGHT BE LENGTHY, WHICH COULD DELAY THE GROWTH OF OUR REVENUES AND INCREASE
OUR EXPENDITURES.

Products and services offered by our subsidiaries are new and commercially
untried and have only recently been released commercially. We may face
significant delays in their acceptance. We will not be able to recognize
any revenues during the period in which a potential customer evaluates and
decides whether or not to use them, and we expect that this period will be
substantial, ranging between six and 12 months. The decision of a customer
to use any of our services may be expensive, time consuming and complex and
may require an organization to make a significant commitment of resources.
As a result, we will have to expend valuable time and resources to educate
interested persons at all levels in these organizations on their use and
benefits. Our expenditure of substantial time and resources to persuade
customers to use our services or an unexpectedly long sales and
implementation cycle for them will have a negative impact on the timing of
our revenues.

IF WE ARE UNABLE TO HIRE AND RETAIN HIGHLY SKILLED PERSONNEL, OUR
SUBSIDIARIES WILL NOT BE ABLE TO GROW AND COMPETE EFFECTIVELY.

The future success of our subsidiaries depends to a significant extent on
our ability to attract and retain senior management, experienced sales and
marketing personnel, software developers, qualified engineers and other
highly skilled personnel to fill positions as our Company and subsidiaries
grow. Competition for these highly skilled employees is intense,
particularly in the technology industry. We may experience difficulty from
time to time in hiring the personnel necessary to support the growth of our
business.

IF WE FAIL TO MANAGE OUR GROWTH, OUR REVENUES MAY NOT INCREASE, AND WE MAY
INCUR ADDITIONAL LOSSES.

Since we have only been in business a short time, our expansion has placed,
and will continue to place, significant strains on our infrastructure,
management, internal controls and financial systems. Our personnel,
systems, procedures and controls may be inadequate to support our future
operations. In order to accommodate the growth of our business, we will
need to hire, train and retain appropriate personnel to manage our
operations. We will also need to improve our financial and management
controls, reporting systems and operating systems. We may encounter
difficulties in developing and implementing these new systems. If we are
unable to manage our growth effectively and maintain the quality of our
products and services, our business may suffer.

ANY ACQUISITIONS OF TECHNOLOGIES, PRODUCTS OR BUSINESSES THAT WE MAKE MAY
NOT BE SUCCESSFUL, MAY CAUSE US TO INCUR SUBSTANTIAL ADDITIONAL COSTS, AND
MAY REQUIRE US TO INCUR INDEBTEDNESS OR TO ISSUE DEBT OR EQUITY SECURITIES
ON TERMS THAT MAY NOT BE ATTRACTIVE.

As part of our business strategy, we have in the recent past acquired or
invested in technologies, products or businesses that were expected to be
complementary to our business and may do so in the future. The process of
integrating any future acquisitions could involve substantial risks for us,
including:
                                     14

     -    Unforeseen operating difficulties and expenditures;

     -    Difficulties in assimilation of acquired personnel, operations,
          technologies and products;

     -    The need to manage a significantly larger and more
          geographically-dispersed business;

     -    Amortization of large amounts of goodwill and other intangible
          assets;

     -    The diversion of management's attention away from ongoing
          development of our business or other business concerns;

     -    The risks of loss of employees of an acquired business, including
          employees who may have been instrumental to the success or growth
          of that business; and

     -    The use of substantial amount of our available cash, including in
          the case of any future acquisitions the proceeds of this
          offering, to consummate the acquisition.

We may never achieve the benefits that we expect from the acquisitions of
Entertech Media Group, Corporate Interviewing Network, MyMobileCity,
AnythingSurplus, and Eccount or that we might anticipate from any future
acquisition. If we make future acquisitions, we may issue shares of our
capital stock that dilute other stockholders, incur debt, assume
significant liabilities or create additional expenses related to amortizing
goodwill and other intangible assets, any of which might reduce our
reported earnings and cause our stock price to decline. Any financing that
we might need for future acquisitions may only be available to us on terms
that materially dilute existing shareholders, restrict our business or
impose on us costs that would reduce our net income or increase our net
losses.

DEFENDING AGAINST INTELLECTUAL PROPERTY INFRINGEMENT CLAIMS COULD BE TIME
CONSUMING AND EXPENSIVE, AND ANY LIABILITIES IMPOSED ON US FOR INFRINGING
ON THE INTELLECTUAL PROPERTY RIGHTS OF OTHERS COULD REQUIRE US TO PAY
SIGNIFICANT DAMAGES OR DISRUPT OUR BUSINESS.

Successful intellectual property infringement claims against us could
result in monetary liability or a material disruption in our operations. We
cannot be certain that our services, products, content, technology and
brand names do not or will not infringe upon valid patents, copyrights or
other intellectual property rights held by others. We expect that the
number of infringement claims will increase as more participants enter our
markets. We may be subject to legal proceedings and claims from time to
time relating to the intellectual property of others in the ordinary course
of our business. We may incur substantial expenses in defending against
these third party infringement claims, regardless of their merit. In the
event of a successful infringement suit against us, we could be liable for
substantial damages and be required to pay substantial royalties for our
use of third party intellectual property or be prohibited from using third
party intellectual property in our products or services. Any of these
outcomes could reduce our revenues and prospects for growth.

WE MAY BE UNABLE TO OBTAIN U.S. TRADEMARK REGISTRATION FOR OUR BRANDS OR TO
PROTECT OUR OTHER PROPRIETARY INTELLECTUAL PROPERTY RIGHTS.

If we fail to obtain federal trademark or service mark registrations for
our marks and any related derivative marks, our promotion of these marks as
our brands could be disrupted. If we are unable to secure the rights to use
these marks and related derivative marks, a key element of our strategy of
promoting these marks as brands in our target markets could be disrupted.
                                     15
EMPLOYEES

As of December 31, 2000, the Company employed 18 persons, all of whom were
employed on a full-time basis. Of these employees, five were engaged in
sales and marketing; six in technology development; and seven were in
general and administrative activities. The average cost of payroll per pay
period was $60,000. None of the Company's employees are members of a labor
union or are covered by collective bargaining agreement.

Item 2. Properties

WNRG's corporate headquarters occupy approximately 13,400 square feet of
office space in El Segundo, California under a sub-lease expiring on May
31, 2003. The primary leaseholder is Codec.com, Inc., a Delaware
corporation.

Item 3. Legal Proceedings

On or about August 4, 2000, the Company and its President, Stephen Brown,
were named as defendants in a complaint filed in the United States District
Court, Central District of California (Western Division) by H.A.A., Inc., a
New York corporation, Birdie Capital Corporation, a New York corporation,
Forest Equities, a British Virgin Islands corporation, and Steven Berger
(collectively "Plaintiffs") seeking to recover payment of $555,000 of Notes
sold by the Company on March 1, 2000, which were due and payable on May 1,
2000, and a Note for $300,000 sold on March 16, 2000, which was due and
payable on June 16, 2000, as well as, interest on the Notes, prejudgment
interest, attorneys fees and costs. On or about October 16, 2000, a default
judgment was entered by the Court against the Company and Steven Brown in
the amount of $1,204,245.64.

The Company is attempting to continue an agreement to stay collection.

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

No matter was submitted to a vote of the Company's security holders,
through solicitation of proxies or otherwise, during the fourth quarter of
the fiscal year covered by this report.

PART II

Item 5. Market for Common Equity and Related Stockholder Matters

The Company's common stock, $0.001 par value per share (the "Common
Stock"), has traded on the NASDAQ Over the Counter Bulletin Board
(NASDAQ.OTC) under the symbol "WNRG" since the symbol change on February
16, 2000. Prior to the symbol change the Common Stock was trading under the
symbol MMIC. The following table sets forth the high and low sales prices
of the Common Stock as reported on the NASDAQ Over the Counter Bulletin
Board for the periods indicated. Such prices are based on inter-dealer bid
and asked prices without markup, mark down, commissions or adjustments and
may not represent actual transactions.

<TABLE>
<CAPTION>
<S>                                              <C>             <C>
2000                                                  High            Low
First Quarter                                      $  3.187       $  1.312
Second Quarter                                        1.562          0.125
Third Quarter                                         0.625          0.030
Fourth Quarter                                        0.625          0.070
</TABLE>

                                     16
The closing price of the Common Stock as reported on the NASDAQ.OTC on
March 30, 2001 was $0.085. As of March 30, 2001, there were approximately
465 shareholders of the Company's Common Stock.

Item 6.   Management Discussion and Analysis of Financial Condition and
          Plan of Operation

The Following discussion and analysis of the financial condition and plan
of operation of WorldNet Resource Group, Inc. and its subsidiaries
(collectively "WNRG" or the "Company") should be read in conjunction with
WNRG's consolidated financial statements and related notes appearing
elsewhere in this report. This discussion and analysis contains
forward-looking statements that involve risks, uncertainties and
assumptions. The actual results may differ materially from those
anticipated in these forward looking statements as a result of certain
factors, including but not limited to, those set forth under "Risk Factors"
and elsewhere in this report.

OVERVIEW

WorldNet Resource Group, Inc (f/k/a Multi-Media Industries, Inc.), a Utah
corporation, was incorporated in 1981. In February 2000, the Company
changed its name to WorldNet Resource Group, Inc. In January 2000, the
current controlling shareholders acquired control of the Company, and
re-organization followed shortly. The Company has since been involved in a
diverse number of markets within, although not limited to, the Internet
industry. The Company has actively acquired development stage entities for
the purpose of building a portfolio of companies engaged in emerging
markets. The Company plans to realize gains on its investments through the
selective divestment of its subsidiaries to outside investors. In some
cases, the Company will indefinitely operate the subsidiary until a
favorable way of divesting it arises. WNRG adds value to its acquisitions
by providing them with the following services: technology development,
corporate development, management consulting, financial management, and
administration. Each development stage entity has its own marketing and
sales staff and will eventually have its own management team. The Company
plans to further grow through mergers and acquisitions, new venture
developments, and strategic alliances.

Below are acquisitions and new venture developments made by the Company for
fiscal year 2000, and from January to May 2001:

Eccount
-------
On January 28, 2000 the Company, then known as Multi-Media Industries,
acquired Eccount, an online rewards program provider, from Stephen Brown.
The Company agreed to issue Stephen Brown 12,000,000 shares of Multi-Media
Industries, after a reverse split on a 1 share for 12 shares, for the
acquisition of Eccount.  These shares were issued pursuant to an exemption
from registration under Section 4(2) of the Securities Act of 1933. This
transaction did not involve cash.

UltraVu
-------
On July 31, 2000, the Company issued 500,000 restricted common shares and
on August 11, 2000, the Company issued 2,500,000 restricted common shares
to acquire certain information in streaming technology, domain names,
business concepts, business plans, industry contacts and know-how from its
developers. These shares were issued pursuant to an exemption from
registration under Section 4(2) of the Securities Act of 1933. This
transaction did not involve cash. Stephen Brown, the Company President,
received 2,500,000 shares of the restricted common stock. The remaining
shares were issued to a non-affiliated party.
                                     17

UltraVu, Inc., a Nevada corporation, is a national provider of custom-
formatted interviews primarily for corporate clients. The Company offers
its services through its forty locations nationwide and through its
streaming media technology and other web based products. The Company's key
areas of focus are driven by its product offerings and service, which
include the following: The Streaming Interview, CorporateVu Corporate
Profile, CareerVu Streaming Resume, and DateVu (Video Dating Interview).
The Streaming Interview product offers clients its forty locations in
conducting preliminary interview, which will be streamed over a password
secured extranet along with other value-added web-based products.
CorporateVu is a medium of communication that allows corporate clients to
showcase their company to a targeted audience (i.e. job seekers) through a
customized video player over the Internet.  CareerVu offers job seekers a
two or three minute video overview of themselves and their career
aspirations for the purpose of matching jobseekers and employers.  The
Company is providing dating services its DateVu product, a service that
allows their clients a two or three minute video presentation of themselves
over the Internet. Although DateVu targets a different market, the
application of the technology is the same, for that reason DateVu is
expected as an ancillary source of revenue.

SprocketMusic, Inc.
-------------------
On August 8, 2000, the Company issued of 4,500,000 to acquire certain
domain names, business concepts, business plans, industry contacts and know
how.  The shares were issued pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933.  No cash was received by
the Company.  Stephen Brown, the Company President, received 1,500,000
shares of the restricted common stock.  The remaining shares were issued to
a non-affiliated third party.

EnterTech Media Group, Inc.
---------------------------
On August 11, 2000, the Company issued 10,000,000 shares of its restricted
common stock in exchange for 2,000,000 restricted shares of EnterTech Media
Group, Inc., common shares.  The shares were issued pursuant to an
exemption from registration under Section 4(2) of the Securities Act of
1933.  No cash was received by the Company.  The Company plans to merge
SprocketMusic with Entertech Media Group to form Igo Media. Igo Media will
eventually organize itself into three reporting segments, which are: Igo
Film, Igo Music, and Igo Radio.

MyMobileCity
------------
On August 21, 2000, the Company purchased 20% of the outstanding common
stock of MyMobileCity for $500,000 to be paid through future funding.  The
shares were issued pursuant to an exemption from registration under Section
4(2) of the Securities Act of 1933.

MyMobileCity currently offers its Mobile Messenger product, an application
and service that allows businesses to reach their audiences on wireless
devices.  With the entry of a device number and carrier by the client's
users, on a client branded page, user information is passed to a secure
database hosted by MyMobileCity.  The users' information is then processed
with the current carrier protocols to allow high-speed message delivery via
MyMobileCity's proprietary delivery network. The Mobile Messenger
application is a complete solution, providing hosting of the customer
registration, message set-up and delivery, and administrative and
statistical tracking applications.  Furthermore, device adaptation, carrier
updates, database hosting, device updates and user support are handled
transparently at MyMobileCity.

                                     18

AutoPoint
---------
On December 5, 2000, the AutoPoint domain name was purchased in exchange
for 400,000 shares and $50,000 in cash. 200,000 of the issued WNRG shares
were free trading, while the other 200,000 WNRG shares were restricted for
one year. The shares were issued pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933.  The Company is currently
in the process of developing and launching this entity.  The $50,000 was
not paid and the Company is being sued.

Corporate Interviewing Network, Inc.
------------------------------------
On April 6, 2001, pursuant to WNRG's Purchase Agreement of the Corporate
Interviewing Network, Inc., the Company issued 320,000 restricted common
shares to a non-affiliated third party as payment for the purchase. The
shares were issued pursuant to an exemption from registration under Section
4(2) of the Securities Act of 1933.  The Company plans to merge UltraVu
with the Corporate Interviewing Network, which will then serve as the
platform for the Streaming Interviews product. This transaction did not
involve cash.

LIQUIDITY AND CAPITAL RESOURCES

Since our inception, we have financed our operations primarily through
advances from stockholder, loans and private sales of our equity
securities.  As of December 31, 2000, we had  bank overdraft of $27,218.
For the year ended December 31, 2000, operating activities used net cash of
$3,525,532 primarily from a net loss from operations of $11,481,956, which
was offset by stock issued for compensation and depreciation and
amortization.

GENERAL AND ADMINISTRATIVE

General and administrative expenses increased by $6,501,566 to $6,846,570
for the year ended December 31, 2000 from $345,004 for the year ended
December 31, 1999.  The increase was primarily due to increased business
development and payroll expenses associated with the management team and
additional support staff required by our growth.

Site development and content expenses increased to $117,052 for the year
ended December 31, 2000.  The increase was primarily due to increased
payroll costs for site development and consulting fees for content
management guidance.

Advertising and Marketing expenses increased to $56,449 for the year ended
December 31, 2000.  The increase is primarily due to considerable
announcements made regarding activities of the Company and advertising
agendas to uphold stock promotions and other investor relations expenses.

Loan fees were $1,780,000 for the year ended December 31, 2000.  The
increase was attributed from negotiation of various interest bearing notes
for the purpose of covering operational expenses and the impending growth
of the Company.

                                     19

Item 7. Financial Statements and Supplemental Data

                                      INDEX

WORLDNET RESOURCE GROUP, INC.
(f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES

          Independent Auditors' Report                                  F-2

          Consolidated Financial Statements:

          Consolidated Balance Sheet                                    F-3

          Consolidated Statements of Operations                         F-5

          Consolidated Statement of Stockholders' (Deficit)             F-6

          Consolidated Statements of Cash Flows                        F-10

          Notes to Consolidated Financial Statements                   F-12








                                       F-1


                                 AJ. ROBBINS, PC
                  CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS
                              3033 EAST 1ST AVENUE
                                    SUITE 201
                             DENVER, COLORADO 80206

                          INDEPENDENT AUDITORS' REPORT

To the Board of Directors
WorldNet Resource Group, Inc.
El Segundo, California

We have audited the accompanying consolidated balance sheet of WorldNet Resource
Group, Inc., (f/k/a Mutli-Media Industries Corporation) as of December 31,
2000, and the related consolidated statements of operations, changes in
stockholders' (deficit), and cash flows for each of the years in the two year
period then ended.  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 audits.

We conducted our audits in accordance with generally accepted auditing
standards.  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 audits provide 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 WorldNet Resource
Group, Inc. as of December 31, 2000, and the results of its operations and its
cash flows for each of the years in the two year period then ended in conformity
with generally accepted accounting principles.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern.  As discussed in Note 2 to
the consolidated financial statements, the Company has suffered recurring losses
from operations, is in default on a judgement and has a net capital deficiency
that raises substantial doubt about the Company's ability to continue as a going
concern. Management's plans in regard to these matters are also described in
Note 2.  The consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

                                        AJ. ROBBINS, PC
                                          CERTIFIED PUBLIC ACCOUNTANTS
                                            AND CONSULTANTS
Denver, Colorado
May 17, 2001

                                       F-2

                          WORLDNET RESOURCE GROUP, INC.
          (f/k/a/ MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                DECEMBER 31, 2000
                               ==================

                                     ASSETS
                                     -------
<TABLE>
<S>                                                                <C>
CURRENT ASSETS:
  Cash                                                              $         85
  Prepaid expenses                                                        66,667
                                                                    ------------

     Total Current Assets                                                 66,752

EQUIPMENT, net                                                           193,010

INVESTMENTS                                                              565,383

OTHER ASSETS                                                              17,090
                                                                    ------------
                                                                    $    842,235
                                                                    ============




</TABLE>


























           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                       F-3

                          WORLDNET RESOURCE GROUP, INC.
          (f/k/a/ MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                      CONSOLIDATED BALANCE SHEET (Continued)
                                DECEMBER 31, 2000
                               ==================

                     LIABILITIES AND STOCKHOLDERS' (DEFICIT)
                     ---------------------------------------
<TABLE>
<S>                                                                <C>

CURRENT LIABILITIES:
  Bank overdrafts                                                   $     27,218
  Accounts payable and accrued expenses                                  836,425
  Convertible notes payable                                               75,000
  Due to investments                                                     324,800
  Convertible debt in default                                          1,207,132
  Due to stockholders                                                    315,147
  Capital lease obligations, current portion                               9,910
                                                                    ------------
     Total Current Liabilities                                         2,795,632

CAPITAL LEASE OBLIGATIONS, net of current portion                         36,810
                                                                    ------------
     Total Liabilities                                                 2,832,442
                                                                    ------------
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' (DEFICIT):
  Preferred stock, $.001 par value; 50,000,000 shares
     authorized; no shares issued and outstanding                            -
  Common stock, $.001 par value; 100,000,000 shares
     authorized; 55,839,021 shares issued and
     outstanding                                                          55,839
  Additional paid-in capital                                          22,925,001
  Stock subscription receivable                                         (75,360)
  Reserved common stock, 350,000 shares                                   77,000
  Accumulated (deficit)                                             (24,972,687)
                                                                    ------------
  Total Stockholders' (Deficit)                                      (1,990,207)
                                                                    ------------
                                                                    $    842,235
                                                                    ============

</TABLE>










           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       F-4

                          WORLDNET RESOURCE GROUP, INC.
          (f/k/a/ MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                     ======================================

<TABLE>
<CAPTION>
                                                      Years Ended December 31,
                                                   -----------------------------
                                                        2000           1999
                                                   -------------- --------------
<S>                                               <C>            <C>
REVENUES                                           $       -      $       -
                                                   -------------- --------------

OPERATING EXPENSES:
  General and administrative                            6,846,570        345,004
  Depreciation and amortization                            23,517         61,156
  Loan fees                                             1,780,000         -
  Loss on impairment of assets                             -             812,000
  Failed acquisition costs                              1,000,448         -
  Loss on investments                                     767,593         -
                                                   -------------- --------------
       Total Operating Expenses                        10,418,128      1,218,160
                                                   -------------- --------------

(LOSS) FROM OPERATIONS                               (10,418,128)    (1,218,160)
                                                   -------------- --------------
OTHER INCOME (EXPENSE):
  Interest income                                           1,257         -
  Interest expense                                      (513,414)       (36,000)
  Loss on minority interest                              (44,823)         -
                                                   -------------- --------------
       Net other income (expense)                       (556,980)       (36,000)
                                                   -------------- --------------
(LOSS) FROM CONTINUING OPERATIONS                    (10,975,108)    (1,254,160)

(LOSS) ON DISCONTINUED OPERATIONS                       (506,848)         -
                                                   -------------- --------------
NET (LOSS)                                         $ (11,481,956) $  (1,254,160)
                                                   ============== ==============
NET (LOSS) PER COMMON SHARE BASIC AND DILUTED      $        (.37) $        (.37)
                                                   ============== ==============
Weighted Average Number of
  Common Shares Outstanding                            31,136,413      3,395,430
                                                   ============== ==============


</TABLE>





           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       F-5


                          WORLDNET RESOURCE GROUP, INC.
          (f/k/a/ MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
               CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT)
               ==================================================
<TABLE>
<CAPTION>
                                        Reserved     Stock
                                           Stock   Subscr-
              Common Stock    Additional   Under   iptions
          ------------------     Paid-In  Agree-    Recei-   Accumulated
              Shares  Amount     Capital    ment     vable      (Deficit)       Total
          ---------- ------- ----------- -------  -------- -------------- -----------
<S>      <C>        <C>     <C>         <C>      <C>      <C>            <C>
Balances,
December
31, 1998   3,293,326  $3,294 $13,261,959 $  -     $   -     $(12,098,611)  $1,166,642

Issuance
of common
stock for
debt           2,553       3       3,060    -         -            -            3,063

Sale of
common
stock        154,166     154     293,596    -         -            -          293,750

Issuance
of common
stock for
acquis-
ition
of Any-
thingSur-
plus.com     833,333     833     165,834    -         -            -          166,667

Issuance
of common
stock for
invest-
ments      1,833,333   1,833     364,834    -         -         (137,960)     228,707

Issuance
of common
stock for
services     275,000     275      54,725    -         -            -           55,000

Net (loss)
for the
year ended
December
31, 1999       -         -          -       -         -       (1,254,160) (1,254,160)
          ---------- ------- ----------- -------  -------- -------------- -----------

Balances,
December
31, 1999   6,391,711   6,392  14,144,008    -         -      (13,490,731)     659,669

Issuance
of common
stock for
services  10,012,778  10,013   2,358,276    -         -            -        2,368,289
</TABLE>
             SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                         F-6

                            WORLDNET RESOURCE GROUP, INC.
             (f/k/a/ MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT) (Continued)
             ==============================================================
<TABLE>
<CAPTION>
                                        Reserved     Stock
                                           Stock   Subscr-
              Common Stock    Additional   Under   iptions
          ------------------     Paid-In  Agree-    Recei-   Accumulated
              Shares  Amount     Capital    ment     vable      (Deficit)       Total
          ---------- ------- ----------- -------  -------- -------------- -----------
<S>      <C>        <C>     <C>         <C>      <C>      <C>            <C>

Sale of
common
stock        453,407     453     253,197    -         -            -          253,650


Issuance
of
common
stock
for
acquis-
ition
of
Eccount,
Inc.      12,000,000  12,000      11,500    -         -            -           23,500

Conver-
sion of
convert-
ible debt    520,833     521     499,479    -         -            -          500,000

Issuance
of common
stock for
loan fees    700,000     700   1,620,300    -         -            -        1,621,000

Issuance
of common
stock for
conversion
of accrued
expenses
and
salaries     164,170     164     245,660    -         -            -          245,824

Issuance
of common
stock for
debt         134,312     134     201,333    -         -            -          201,467

Issuance
of common
stock to
Chairman
for comp-
ensation   8,800,050   8,800   1,978,719    -         -            -        1,987,519
</TABLE>
             SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                         F-7
                            WORLDNET RESOURCE GROUP, INC.
             (f/k/a/ MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT) (Continued)
            ===============================================================
<TABLE>
<CAPTION>
                                        Reserved     Stock
                                           Stock   Subscr-
              Common Stock    Additional   Under   iptions
          ------------------     Paid-In  Agree-    Recei-   Accumulated
              Shares  Amount     Capital    ment     vable      (Deficit)       Total
          ---------- ------- ----------- -------  -------- -------------- -----------
<S>      <C>        <C>     <C>         <C>      <C>      <C>            <C>
Issuance
of common
stock and
common
stock
reserved
for failed
acquisition
of World-
Ag.com       750,000     750     421,500  77,000      -            -          499,250

Issuance
of common
stock for
services
to related
party      4,500,000   4,500     745,500     -         -           -          750,000

Issuance
of common
stock in
exchange
for
investment
in
Entertech
Media
Group,
Inc.      10,000,000  10,000     100,206     -         -           -          110,206

Issuance
of common
stock for
Autopoin-
t.com
domain
name         400,000     400      49,600     -         -           -           50,000

Sale of
common
stock
for stock
subscri-
ption
receivable 1,011,760   1,012      74,348     -    (75,360)         -             -

</TABLE>

             SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                         F-8


                            WORLDNET RESOURCE GROUP, INC.
             (f/k/a/ MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT) (Continued)
             ==============================================================
<TABLE>
<CAPTION>
                                        Reserved     Stock
                                           Stock   Subscr-
              Common Stock    Additional   Under   iptions
          ------------------     Paid-In  Agree-    Recei-   Accumulated
              Shares  Amount     Capital    ment     vable      (Deficit)       Total
          ---------- ------- ----------- -------  -------- -------------- -----------
<S>      <C>        <C>     <C>         <C>      <C>      <C>            <C>

Stock
based
compe-
nsation
for
consul-
tants         -       -           62,000     -        -            -           62,000

Value of
beneficial
conversion
feature of
note
payable       -       -          159,375     -         -           -          159,375

Net (loss)
for the
year ended
December
31, 2000      -       -             -        -         -     (11,481,956)(11,481,956)
          ---------- ------- ----------- -------  -------- -------------- -----------
Balances,
December
31, 2000  55,839,021 $55,839 $22,925,001 $77,000 $(75,360)  $(24,972,687)$(1,990,207)
          ========== ======= =========== =======  ======== ============== ===========


</TABLE>


        SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                    F-9




                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                   CONSOLIDATED STATEMENTS OF CASH FLOWS
                  =======================================

<TABLE>
<CAPTION>
                                                      Years Ended December 31,
                                                   -----------------------------
                                                        2000           1999
                                                   -------------- --------------
<S>                                                <C>            <C>

CASH FLOWS FROM (TO) OPERATING ACTIVITIES:
 Net (loss)                                         $(11,481,953)   $(1,254,160)
 Adjustments to reconcile net (loss) to
 net cash provided (used) by operations:
  Depreciation and amortization                            23,517         61,156
  Loss on impairment of assets                             -             812,000
  Stock issued for services                             2,368,289         55,000
  Beneficial conversion feature of
   convertible debt                                       159,375         -
  Stock based compensation to the Chairman              1,987,519         -
  Stock issued and issuable for failed acquisition        499,250         -
  Stock issued for services to related party              750,000         -
  Stock issued for domain name                             50,000         -
  Stock based compensation for services                    62,000         -
  Loss from minority interest                              44,823         -
  Failed acquisition costs                                250,000         -
  Stock issued for loan fees                            1,780,000         -
  Changes in:
   Advances to acquisition target                       (650,000)         -
   Other current assets                                  (66,667)         -
   Other assets                                          (17,090)         -
   Due from stockholder                                    29,912       (29,912)
   Accounts payable and accrued expenses                  658,275        176,311
   Bank overdrafts                                         27,218         -
   Accrued interest                                        -             (8,523)
                                                   -------------- --------------
     Cash Flows (Used) by Operating Activities        (3,525,532)      (188,128)
                                                   -------------- --------------

CASH FLOWS FROM (TO) INVESTING ACTIVITIES:

 Advances to AnythingSurplus.com                           -            (52,387)
 Write off of investments                                 979,849         -
 Write off of goodwill                                    150,540         -
 Purchase of equipment                                  (152,263)         -
 Cash paid for investment                                  -           (328,250)
                                                   -------------- --------------
     Cash Flows Provided (Used) by
     Investing Activities                                 978,126      (380,637)
                                                   -------------- --------------

</TABLE>

           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                      F-10

                          WORLDNET RESOURCE GROUP, INC.
           (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
                =================================================

<TABLE>
<CAPTION>
                                                      Years Ended December 31,
                                                   -----------------------------
                                                        2000           1999
                                                   -------------- --------------
<S>                                                <C>            <C>

CASH FLOWS FROM (TO) FINANCING ACTIVITIES:

 Sale of common stock                                     253,651        293,750
 Proceeds from convertible note payable                    75,000         -
 Proceeds from convertible debt                         1,355,000         -
 Increase to convertible debt for default judgement       352,132         -
 Loans payable to MyMobileCity.com                        500,000         -
 Payments of loan payable to MyMobileCity.com           (175,200)         -
 Cash paid for loan fees                                (159,000)         -
 Payments received for stock subscription receivable       20,000         -
 Repayment of note payable                                 -            (84,477)
 Advances from stockholders                               307,036        378,269
                                                   -------------- --------------
     Cash Flows Provided by Financing Activities        2,528,619        587,542
                                                   -------------- --------------
NET CHANGES IN CASH                                      (18,787)         18,777

CASH, beginning of period                                  18,872             95
                                                   -------------- --------------
CASH, end of period                                $           85 $       18,872
                                                   ============== ==============

See Note 12


</TABLE>

           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                      F-11



                          WORLDNET RESOURCE GROUP, INC.
           (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ===========================================

NOTE 1 -  NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
          POLICIES

History and Activity
--------------------
WorldNet Resource Group, Inc. (the Company or WNRG) was incorporated in Utah on
April 10, 1981.

The Company, previously reporting as a development stage enterprise, commenced
operations during the year ended December 31, 1997, and earned revenues in
connection with a production agreement with a related party.

Management discontinued plans to market its music library.  WNRG is a holding
company which engages in developing companies in different markets.  WNRG
currently consists of the following:
<TABLE>
<CAPTION>
       Name                   Ownership  Business             Accounting
       ----                   ---------  --------             ----------
       <S>                    <C>        <C>                  <C>
Sprocket Music, Inc.          100%       Record label         Consolidated
UltraVu, Inc.                 100%       Streaming media      Consolidated
Streaming Interviews, Inc.    100%       On line employment
                                           recruiting         Consolidated
Corp. Interviewing
 Network, Inc.                100%       On line employment
                                           recruiting         Consolidated
AnyThingSurplus, Inc.         100%       Inactive             Consolidated
Eccount, Inc.                 100%       Inactive             Consolidated
 Entertech Media Group,
   Inc.                                   10%                 Movie Titles
       Cost
MyMobileCity, Inc.             20%       Wireless application Equity
</TABLE>

Principles of Consolidation
---------------------------
The accompanying consolidated financial statements include the accounts of
the Company and its wholly owned subsidiaries.  All significant
intercompany accounts and transactions have been eliminated in
consolidation.

Equity Investment
-----------------
The Company accounts for its 20% equity investment under the equity method.
The Company's share of earnings is included in income as earned.  During
the years ended December 31, 1999 and 2000, earnings from the Company's
equity investment were immaterial.

Other Investments
-----------------
The Company accounts for other investments at fair value which approximates
cost at December 31, 2000.

Reverse Stock Split
-------------------
In January 2000 the Company's Board of Directors approved a one for twelve
reverse split of the outstanding common shares of the Company.  All per
share amounts have been restated to reflect the reverse stock split.
                                    F-12

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 1 -  NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
          POLICIES (Continued)

Name Change
-----------
In January 2000 the Company changed its name from Multi-Media Industries
Corporation to WorldNet Resource Group, Inc.

Equipment
---------
Equipment is carried at cost and depreciated on a straight-line basis over
the estimated useful lives of five to ten years.  Depreciation expense was
$23,517 and $932 for the years ended December 31, 2000 and 1999,
respectively.

Advertising Expenses
--------------------
The Company expenses advertising costs as incurred.  During the years ended
December 31, 2000 and 1999 the Company had $59,400 and $-0- in advertising
costs, respectively.

Fair Value of Financial Instruments
-----------------------------------
Fair value of financial instruments approximate carrying value due to the
short maturity of the instruments.  Fair value of notes payable was based
upon current borrowing rates available for financings with similar
maturities.

Goodwill
--------
The Company amortizes costs in excess of the fair value of net assets of
businesses acquired (goodwill) using the straight-line method over the
estimated recovery periods, generally five years.  Recoverability is
reviewed annually (or sooner), if events or circumstances indicate
that the carrying amount may exceed fair value.  Recoverability is
determined by comparing the undiscounted net cash flows of the assets,
to which goodwill applies, to the net book value including goodwill of
those assets.  The analysis involves significant management judgment to
evaluate the capacity of an acquired business to perform within
projections.  In 2000 the Company determined the goodwill associated
with AnythingSurplus to be unrecoverable and was reduced to $-0-.

Use of Estimates in the Preparation of Consolidated Financial Statements
------------------------------------------------------------------------
The preparation of consolidated financial statements in conformity with
generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date
of the consolidated financial statements and revenues and expenses during
the reporting period.  Actual results could differ from those estimates and
assumptions.



                                    F-13

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 1 -  NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
          POLICIES (Continued)

Income Taxes
------------
Deferred income taxes are recorded to reflect the tax consequences in
future years of temporary differences between the tax basis of the assets
and liabilities and their financial statement amounts at the end of each
reporting period.  Valuation allowances are established when necessary to
reduce deferred tax assets to the amount expected to be realized.  Income
tax expense is the tax payable for the current period and the change during
the period in deferred tax assets and liabilities. Deferred tax assets and
liabilities have been netted to reflect the tax impact of temporary
differences.

The Company has a net operating loss carryforward in excess of $15,000,000,
expiring in 2017- 2020. Since it is more likely than not that the Company
will not utilize the net operating loss in the near term, a valuation
allowance equal to the deferred tax asset, which consisted primarily of the
net operating loss carryforwards, has been provided. Upon a change in
control, the net operating loss carryforward may be limited.

Earnings Per Common Share
-------------------------
Statement of Financial Accounting Standards No. 128, "Earnings Per Share"
(SFAS No. 128) was issued in February 1997 (effective for financial
statements issued for periods ending after December 15, 1997).  This
Statement simplifies the standards for computing earnings per share (EPS)
previously found in Accounting Principles Board Opinion No. 15, "Earnings
Per Share", and makes them more comparable to international EPS standards.
SFAS No. 128 replaces the presentation of primary EPS with a presentation
of basic EPS.  In addition, the Statement requires dual presentation of
basic and diluted EPS on the face of the income statement for all entities
with complex capital structures and requires a reconciliation of the
numerator and denominator of the basic EPS computation to the numerator and
denominator of the diluted EPS computation.  Diluted EPS is not presented
since the computation is anti-dilutive.

Stock Based Compensation
------------------------
The Company accounts for stock based compensation in accordance with
Statement of Financial Accounting Standards No. 123, "Accounting for
Stock-Based Compensation" ("SFAS 123").  This standard requires the Company
to adopt the "fair value" method with respect to stock-based compensation
of consultants and other non-employees.  The Company did not change its
method of accounting with respect to employee stock options; the Company
continues to account for these under the "intrinsic value" method, and to
furnish the proforma disclosures required by SFAS 123.

Impairment of Long-Lived Assets
-------------------------------
The Company evaluates its long-lived assets by measuring the carrying
amounts of assets against the estimated undiscounted future cash flows
associated with them.  At the time the carrying value of such assets
exceeds the fair value of such assets, impairment is recognized.

Recently Issued Accounting Pronouncements
-----------------------------------------
In 1999 the FASB issued Statement No. 133, Accounting for Deriviative
Instruments and Hedging Activities.  The adoption by the Company of
Statement 133 did not impact the Company's financial statements.

The Securities and Exchagne Commission (SEC) issued Staff Accounting
Bulletin (SAB) 101, Revenue Recognition in Financial Statements, in
December 1999.  The SAB summarizes certain of the SEC staff's views
in applying generally accepted accounting principles to revenue
recognition in financial statements.  In June 2000, the SEC issued
SAB 101B, which delays the implementation date of SAB 101 until no
later than the fourth fiscal quarter of fiscal years beginning after
December 15, 1999.  The Company does not believe that adoption of this
SAB will have a material impact on its financial statements.

                                    F-14

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 1 -  NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
          POLICIES (Continued)

Reclassification
----------------
Certain amounts reported in the Company's financial statements for the year
ended December 31, 1999 have been reclassified to conform to the current
year presentation.

NOTE 2 - GOING CONCERN AND MANAGEMENT PLANS

The accompanying consolidated financial statements have been prepared
assuming that the Company will continue as a going concern which
contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business.  The Company has incurred operating
losses since inception, has a working capital deficit, a significant
accumulated deficit and has defaulted on $855,000 convertible debt which
resulted in a $1,207,000 default judgement.  The Company's continuation as
a going concern is dependent upon its ability to generate sufficient cash
flow from operations to meet its obligations on a timely basis, and/or
obtain financing as may be required.  The accompanying consolidated
financial statements do not include any adjustments that might result from
the outcome of these uncertainties.

On May 8, 2001 Streaming Interviews, Inc. (SII), a 100% owned subsidiary of
the Company, (also known as Corporate Interviewing Network, Inc.) signed a
letter of intent with an investment firm (IF) for the following:  SII will
merge into a publicly traded shell company and IF will provide for seed
funding of $1,250,000 plus warrants to acquire an additional equity
interest for an additional $1,250,000 for twice the original investment
price. After the completion of the transaction, the Company will own
approximately 40% of SII. SII intends to use some of the proceeds to repay
some of the debt owed to the Company and will absorb a larger share of the
Company overhead.

NOTE 3 - ACQUISITIONS AND SIGNIFICANT TRANSACTIONS

AnythingSurplus.Com
-------------------
During December 1999, the Company acquired 100% of the common stock of
AnythingSurplus.com, Inc. ("AnythingSurplus"), in exchange for 833,333
shares of the Company's restricted common stock.  Two entities, which are
controlled by two of the majority stockholders of the Company ("Majority
Stockholders") one of whom was the Company's President, owned an aggregate
of 40% shares of AnythingSurplus. The purchase price amount in excess of
the Majority Stockholders' historical cost basis has been reflected as a
distribution to the stockholders and reduction of the purchase price.
AnythingSurplus was formed on September 30, 1999 and has had minimal
operations to date.

The Company had advanced $100,000 to AnythingSurplus during 1999 as
required by the stock purchase agreement.  No further advances were
made during 2000 due to management's decision to terminate this business
and write off the goodwill associated with this transaction.

The purchase price was allocated as follows:
<TABLE>
                    <S>                               <C>
                    Furniture and fixtures             $   16,288
                    Stockholder receivable                 47,612
                    Advances forgiven                   (100,000)
                    Goodwill                              150,540
                    Distributions to stockholders          52,227
                                                       ----------
                    Value of stock issued              $  166,667
                                                       ==========
</TABLE>
                                    F-15

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 3 - ACQUISITIONS AND SIGNIFICANT TRANSACTIONS (Continued)

Hall of Fame Partners, Inc.
---------------------------
During December 1999, the Company acquired 20% the outstanding common stock
of Hall of Fame Partners, Inc. (Hall of Fame), in exchange for 833,333
shares of the Company's restricted common stock valued at $.20 per share
and $262,000 cash. Two entities, which are controlled by two of the
majority stockholders of the Company, one of whom was the Company's
President, own an aggregate of 20% of the shares of Hall of Fame. The
purchase price amount in excess of the majority stockholders' historical
cost basis has been reflected as a distribution to the stockholders and
reduction of the purchase price.  The investment was written off in 2000.

Auctionfun.com, Inc.
--------------------
During December 1999, the Company acquired 5% of the outstanding shares of
Auctionfun.com, Inc. (Auctionfun) in exchange for 1,000,000 shares of the
Company's restricted common stock valued at $.20 per share and
approximately $437,000 in cash.  The investment was written off in 2000.

Eccount, Inc.
-------------
During January 2000, the Company acquired 100% of the outstanding shares of
Eccount, Inc. in exchange for 12,000,000 shares of the Company's restricted
common stock.  Eccount was owned by the Company's Chairman of the Board.
By exchanging 12,000,000 shares of the Company's restricted common stock,
there was a change in control of the Company.  Eccount is currently
inactive.

Car Rental Direct.com, Inc.
---------------------------
During February 2000, the Company entered into a letter of intent to
purchase all of the outstanding stock of Car Rental Direct.com, Inc. (CRD),
an internet based car rental service.  The Company was to fund CRD with $5
million and common stock of the Company valued at $3 million.  The Company
advanced $650,000 to CRD  pending the completion of the acquisition.  The
acquisition was not completed and in May 2000, the Company sold its
$600,000 receivable from CRD to an unrelated third party for a $600,000
non-interest bearing promissory note.  The Company received payments of
$200,000 on May 12, 2000 and May 17, 2000, and the remaining payment of
$200,000 was due on June 24, 2000.  The payments were made directly to the
Company's Chairman of the Board of Directors as repayments of advances he
made to the Company.  The balance due of $200,000 has been valued at $-0-.


                                    F-16

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 3 - ACQUISITIONS AND SIGNIFICANT TRANSACTIONS (Continued)

WorldAg.com, Inc.
-----------------
During March 2000, the Company entered into a letter of intent with Hagen
Marketing and Communications, Inc. (Hagen) to form a joint venture called
WorldAg.com, Inc. (WorldAg), a company which will sell agricultural and
related industry products over the internet.  During April 2000, the
Company entered into a development agreement with Hagen to design and build
the WorldAg.com website to be owned 60% by the Company and 40% by Hagen.
The Company was to fund WorldAg with $200,000, payable in six equal monthly
installments and to pay the rental costs for WorldAg at the Company's
corporate headquarters.  In addition, the Company was to issue 750,000
shares of its common stock and grant a warrant to purchase an additional
750,000 shares at $1.00 expiring three years from the date of the agreement
to the principals of Hagen.  On February 9, 2001 the Company rescinded the
agreement and in settlement transferred the original 750,000 shares of
common stock,  an additional 350,000 shares together with it's ownership of
a subsidiary whose only assets were a music library and inventory.

Corporate Interviewing Network, Inc.
------------------------------------
On April 6, 2001, the Company acquired Corporate Interviewing Network, Inc.
(CIN) a corporation in the business of connecting employers and job seekers
through web based streaming interviews. The Company issued 320,000 shares
of its common stock, valued at $57,600  for all the outstanding common
stock of CIN. The previous owner of CIN has been employed for an annual
salary of $125,000 and received an additional 776,540 shares of the
Company's common stock valued at $139,777 as a signing bonus. The purchase
price has been allocated as follows:

<TABLE>
            <S>                      <C>
               Cash                      $     141
               Accounts receivable           4,277
               Equipment                    32,045
               Accounts payable           (91,537)
               Goodwill                    112,674
                                         ---------
               Value of stock issued     $  57,600
                                         =========
</TABLE>
Autopoint.com
-------------
On November 27, 2000 the Company agreed to purchase the domain name
"Autopoint.com" for $50,000 in cash and 400,000 shares of the Company's
common stock valued at $50,000.  The $50,000 was not paid, the Company
is being sued and has recognized the liability.

My MobileCity, Inc.
-------------------
On September 8, 2000 the Company purchased 20% of the outstanding stock of
My Mobile City, Inc.(City), which owns the domain name "MyMobileCity.com",
for $500,000 to be paid through funding operations of City. The Company
intends to develop a wireless application service provider.

                                    F-17
                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 3 - ACQUISITIONS AND SIGNIFICANT TRANSACTIONS (Continued)

EnterTech Media Group, Inc.
---------------------------
On August 10, 2000 the Company acquired 2,000,000 shares of EnterTech
Media, Inc., a high definition digital video company, (approximately 10%)
in exchange for 10,000,000 shares of the Company's common stock. On March
13, 2001 the Company acquired additional shares to bring its total holdings
to 65% in exchange for an additional 5,000,000 shares of the Company's
common stock together with warrants for another 5,000,000 shares
exercisable at $.20 per share.

NOTE 4 - EQUIPMENT

Equipment consisted of the following:
<TABLE>                                                       December 31,
                                                                   2000
                                                               ------------
<S>                                                           <C>
Furniture and equipment                                        $     81,813
Office and computer equipment                                        97,253
Leasehold improvements                                               35,976
                                                                    215,042
Less accumulated depreciation                                        22,032
                                                               ------------
                                                               $    193,010
                                                               ============
</TABLE>
NOTE 5 - IMPAIRMENT OF ASSETS

In accordance with Statement of Financial Accounting Standards (SFAS) No.
121, "Accounting For the Impairment of Long-Lived Assets and For Long-Lived
Assets to be Disposed Of", the Company records impairment losses on long-lived
assets used in operations when indicators of impairment are present
and the undiscounted cash flows estimated to be generated by those assets
are less than the assets' carrying amount.

During 1999 the Company adjusted the carrying value of certain record
masters which it owned, resulting in a reduction of the asset and a charge
to operations of $812,000.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

Investor Relations
------------------
The Company has entered into a number of agreements with consultants to assist
with locating merger candidates, structuring acquisitions, financing
structuring, public relations and locating potential investors.  Compensation
has generally been paid by issuing stock.

Subsequent to December 31, 2000 the Company issued 16,500,000 shares of its
common stock valued at $1,813,000 for various consulting services.

                                   F-18

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 6 - COMMITMENTS AND CONTINGENCIES (Continued)

Employment Agreements
---------------------
During 2000 the Company entered into employment agreements with certain
executives that provide for annual salaries ranging from $55,000 to
$200,000 and granted 1,500,000 stock warrants to purchase the Company's
common stock at $.06 per share.  Certain of these agreements shall
automatically renew if employment continues.

Future obligations of minimum salary payments are as follows:
<TABLE><CAPTION>        <S>                      <C>
                         Year Ended December 31,
                                2001              $    579,584
                                2002                   150,000
                                                  ------------
                                                  $    729,584
                                                  ============
</TABLE>
Insurance
---------
The Company does not maintain insurance to cover damages from fire, flood
or other casualty losses.  Costs resulting from uninsured property losses
will be charged against income upon occurrence.  No amounts for uninsured
casualty property losses were charged to operations for the years ended
December 31, 1999 and 2000.

Office Space
------------
The Company utilized nominal office space in Salt Lake City, Utah and
Montvale, New Jersey provided by stockholders of the Company at a minimal
charge.

On June 1, 2000 the Company entered into  a lease for office space  in El
Segundo, California ending May 31, 2003. Monthly payments under the lease
begin at $12,730 increasing to $13,400. Future minimum payments are as
follows:
<TABLE>
               <S>                                <C>
               December 31, 2001                  $  153,430
               December 31, 2002                     160,800
               December 31, 2003                      67,000
                                                  ----------
               Total                              $  381,230
                                                  ==========
</TABLE>

NOTE 7 - CAPITALIZED LEASE OBLIGATIONS

The Company leases furniture and equipment under a capitalized lease
expiring in May 2003.  The assets have been recorded at the lower of the
present value of the minimum lease payments or their fair value and are
depreciated over the assets' estimated useful lives.

Minimum future lease payments under the capital leases as of December 31,
2000 are as follows:
<TABLE>   <S>                                              <C>
          Year ended December 31,
                    2001                                    $   44,276
                    2002                                        44,276
                    2003                                        18,449
                                                            ----------
          Total minimum lease payments                         107,001
          Less amount representing interest                     60,281
                                                            ----------
          Present value of net minimum lease payments
          With interest at approximately 80%                    46,720
          Less current portion                                   9,910
                                                            ----------
                                                            $   36,810
                                                            ==========
</TABLE>
As of December 31, 2000 furniture and fixtures includes $31,825 and office
and computer equipment includes $18,585 acquired through a capital lease.
Accumulated depreciation related to these assets was $523.
                                    F-19

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 8 - RELATED PARTY TRANSACTIONS

In addition to transactions with related parties discussed throughout the
notes to consolidated financial statements, the following related party
transactions have taken place:

Stockholder Advances
--------------------
During the year ended December 31, 2000, advances made to or from the
Chairman and majority stockholder and to or from the Company are
non-interest bearing and due on demand.

During 1999, the Company received advances of $357,669 from two
stockholders, one of whom was a company controlled by the Company's former
President.  The loans are unsecured and non-interest bearing and are due on
demand.

NOTE 9 - CONVERTIBLE NOTES AND DEFAULT

On February 3, 2000, the Company sold an 8% Series A Senior Subordinated
Convertible Redeemable Debenture due on February 3, 2002 with a face amount
of $500,000.  The Company paid loan fees of approximately $65,000 in cash.
Interest was payable at 8% per annum.  The notes were converted into
520,835 shares of common stock in February 2000.

On March 1, 2000, the Company sold Series A 8% Convertible Notes due on May
1, 2000 with a face amount of $555,000.  The Company paid loan fees of
approximately $55,000 in cash and issued 550,000 shares of common stock
valued at $1,249,000.  The notes are convertible into shares of common
stock based upon the current market price of the Company's common stock on
the date of conversion at the option of the note holder.

On March 15, 2000, the Company sold Series B 8% Notes due on June 16, 2000
with a face amount of $300,000.  The Company paid loan fees of
approximately $39,000 in cash and issued 150,000 shares of common stock
valued at $365,000.

Both this note and the convertible notes are in default.  Judgement has
been given to the creditors for $1,207,000 which includes $352,000 of
accrued interest. The Company is attempting to continue an agreement to
stay collection.

During 2000 the Company entered into a promissory note, which included a
beneficial conversion feature at a rate less than market value.   The
promissory note is convertible to common stock at $.12.  The Company
recognized additional interest costs related to the beneficial conversion
feature of $159,375 during the year ended December 31, 2000.

NOTE 10 - DISCONTINUED OPERATIONS

The Company discontinued its plans to market its music library and
transferred ownership of the subsidiary to a third party in settlement of a
rescission of a joint venture.


                                    F-20

                       WORLDNET RESOURCE GROUP, INC.
        (f/k/a MULTI-MEDIA INDUSTRIES CORPORATION) AND SUBSIDIARIES
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ===========================================

NOTE 11 - BUSINESS RECAPITALIZATION AND RESTATEMENT

On February 7, 2000, the Company was acquired by Navitec Group, Inc
(Navitec) a public corporation.

The stock exchange transaction is treated as an acquisition by the Company
of the net tangible book value of the assets of Navitec at the date of
acquisition, which was minimal.  Operating results of Navitec for all
periods prior to the date of its acquisition were immaterial.

The Company issued 69,444 shares of common stock valued at $13,889 and paid
$150,000 in consulting fees in conjunction with the acquisition of Navitec.

NOTE 12 - SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING
          ACTIVITIES

During April 1999, accrued expenses totaling $3,063 were exchanged for
2,553 fully paid, non-assessable common shares of WNRG as payment in full.

NOTE 13 - SUBSEQUENT EVENTS

In addition to the shares of common stock issued after year end in Note 7,
the Company sold 6,500,000 shares of common stock for $325,000 in cash.


















                                    F-21



Item 8. Changes in Accountant

The Company filed a report on Form 8-K dated March 15, 2001 reporting that the
Company's independent auditors, A.J. Robbins PC, were terminated. The Company
were to engaged Singer, Lewak, Greenbaum and Goldstein LLP as its new
independent auditors, but were subsequently declined on March 20, 2001. The
Company reinstated A.J. Robbins PC as its independent auditors in April 2001.

PART III

Certain information required by Part III is omitted from this report in that the
registrant will file a Definitive Proxy Statement pursuant to Regulation 14A
("Proxy statement") not later that 120 days after the filing of this 10-KSB.

Item 9. Directors and Executive Officers of the Registrant

Our current executive officers and directors are set forth below:
<TABLE>
<CAPTION>
     Name                     Age       Position
     <S>                      <C>       <C>
     Stephen Brown            45        Chief Executive Officer,
                                        President, and Chairman of
                                        The Board

     David Cronshaw           40        Chief Technology Officer

     Noel Navarro             29        Chief Financial Officer,
                                        Treasurer, and Secretary

     Samy Salem               72        Director, Chairman of the
                                        Audit Committee
</TABLE>

Directors are elected to serve indefinitely. Mr. Salem serves as a director
since June 1, 2000. Other than WNRG stock payments, non-employee directors do
not currently receive cash remuneration for their services as such, but may be
reimbursed for expenses incurred in connection therewith, such as the cost of
travel to Board meetings. Officers serve at the pleasure of the Board of
Directors until their successors have been elected and have qualified. The Audit
Committee has the authority to recommend annually to the Board of Directors the
engagement of our independent auditors and to review the scope and results of
the audits, our internal controls, our audit practices and the professional
services furnished by the independent auditors.

Mr. Brown has served as the Chief Executive Officer and Chairman of the Board
since May 2000. Prior to joining the Company Mr. Brown was the founder, Chief
Executive Officer, and Chairman of Vidnet.com, the first entertainment Web site
with a comprehensive interactive music video library as well as a vast selection
of movie previews and clips of extreme sports programming. He served Vidnet.com
as their CEO from 1996 to May 2000; and from 1988 to 1996, he founded an
independent record company. His record label was a force in the independent
record industry for eight years before Mr. Brown's focus turned to other
entrepreneurial ventures. Mr. Brown's experience in entrepreneurship,
development and management of businesses in the new media, technology and
entertainment industries spans over fifteen years. Mr. Brown is also an
accomplished professional athlete. He played in the NHL for seven years before
injuries forced his retirement. Mr. Brown graduated with honors from Easingwold
Technical Institute in Yorkshire, England with a degree in Commercial Design.

                                       42

Mr. Cronshaw was appointed Chief Technology Officer in January 2001. Prior to
joining the Company Mr. Cronshaw served as the Chief Technology Officer of
Zap2it.com, the online entertainment division for Tribune Media Services.
Zap2it.com is a leading entertainment information site featuring television
listings and movie showtimes, targeting both business-to-business and consumers.
Prior to Zap2it.com, Mr. Cronshaw conceptualized and founded UltimateTV in 1994
when the Internet industry was in its infancy. UltimateTV was the Internet's
first commercial online Web site dedicated to television. He built and led the
company for five years until Tribune Media Services purchased it. Tribune Media
Services then requested he further develop and manage the operations of
UltimateTV. As a direct result of his efforts, Microsoft became interested with
UltimateTV and eventually purchased the UltimateTV name and trademark in May
2000 from Tribune Media Services.  Mr. Cronshaw also held management positions
for KCAL-TV, Fox11 and Delco Electronics. He holds a Bachelor of Science degree
in Electrical Engineering and Computer Architecture from University of
California, Santa Barbara.

Mr. Navarro has served as the Treasurer and Chief Financial Officer of the
Company since January 2001. Prior to his appointment, he was the Vice President
of Finance and Treasurer of the Company starting March 2000. Mr. Navarro was
previously the corporate controller for Vidnet.com. At Vidnet.com, he also
oversaw all business planning, corporate finance, SEC reporting, financial and
management accounting functions of the company. He was also involved in the
company's capital formation and corporate governance. His financial management
experience includes positions at Falcon Cable, Charter Communications, and
Wilshire Associates. Mr. Navarro graduated with a Bachelor of Arts degree in
Business Economics and Accounting from University of California, Santa Barbara.

Mr. Salem served as the President and Chairman of the Board for Multi-Media
Industries prior to the re-organization of the Company in February 2000. He has
remained as a Director and as Chairman of the Audit Committee. Mr. Salem brings
over fifty years of experience working in finance and banking from across the
globe.  He is a consultant specializing in corporate finance, investment
management and financial engineering. Currently Mr. Salem is the President of
International Yield Enhancement Services, Inc., a money management and financial
consulting company. He specializes in market neutral strategies, and consults
both financial institutions and private investors in developing hedging
strategies using futures, options, warrants and convertible securities. Prior to
his association with International Yield Enhancement Services, Inc.  and WNRG,
Mr. Salem was involved with various NYSE member brokerage firms for over
eighteen-years. He also held management positions in finance for Zilkha
Organization, an international banking firm, in their offices in Cairo, Paris
and New York. Mr. Salem received his education in Victoria College in Cairo,
Egypt.

Item 10. Executive and Director Compensation

The information required by this item is incorporated herein by reference to the
Company's Proxy Statement.

Item 11. Security Ownership of Certain Beneficial Owners and Management

The information required by this item is incorporated herein by reference to the
Company's Proxy Statement.

Item 12. Certain Relationships and Related Transactions

The information required by this item is incorporated herein by reference to the
Company's Proxy Statement.

                                       43

Item 13. Exhibits and Reports

<TABLE>
<CAPTION>

Exhibits  Description                                                  Location
No.
--------  --------------------------------------------------          ----------
<S>       <C>                                                        <C>
1.1       Acquisition Agreement for MyMobileCity                       Attached

1.2       Acquisition Agreement for Corporate
            Interviewing Network

1.3       Acquisition Agreement for Entertech Media Group              Attached

1.4       Acquisition Agreement for Sprocket Music

1.5       Acquisition Agreement for UltraVu

1.6       Articles of Incorporation for UltraVu

1.7       Convertible Promissory Note with Long Peaks
          Investment LLC                                               Attached








                                       44


                                   SIGNATURES

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



Dated:                               WorldNet Resource Group, Inc.
                                     a Utah corporation

                                     By: /s/ Stephen Brown
                                         ------------------------------------
                                     Stephen Brown
                                     Chief Executive Officer, President
                                     And Director


                                     By: /S/ Noel Navarro
                                         ------------------------------------
                                     Noel Navarro
                                     Vice President, Secretary, Treasurer and
                                     Chief Accounting Officer









                                       45







</TABLE>