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

                           FORM 10-QSB

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

           For the quarterly period ended June 30, 2003


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

                  Commission File No.  000-31023

                     WorldNet, Inc. of Nevada
(Exact name of small business issuer as specified in its charter)

               Nevada                           88-0247824
       (State of incorporation)     (I.R.S. Employer Identification No.)


                   #440, 476 East South Temple
                    Salt Lake City, Utah 84111
                          (801) 323-2395
  (Address and telephone number of principal executive offices)

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

As of July 28, 2003, the issuer had a total of 17,500,000 shares of common
stock issued and outstanding.

Transitional small business disclosure format:  Yes [ ]  No [X]


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                        TABLE OF CONTENTS

                  PART I: FINANCIAL INFORMATION

Item 1:  Financial Statements......................................3

Item 2:  Plan of Operations........................................8

Item 3:  Controls and Procedures...................................9

                    PART II: OTHER INFORMATION

Item 6:  Exhibits and Reports on Form 8-K..........................9

Signatures.........................................................9





                  PART I: FINANCIAL INFORMATION

ITEM 1:  FINANCIAL STATEMENTS

      The financial information set forth below with respect to our statements
of operations for the three and six month periods ended June 30, 2003 and 2002
is unaudited.  This financial information, in the opinion of management,
includes all adjustments consisting of normal recurring entries necessary for
the fair presentations of such data.  The results of operations for the six
month period ended June 30, 2003, are not necessarily indicative of results to
be expected for any subsequent period.



                                2

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                     WorldNet, Inc. of Nevada
                       Financial Statements
                          June 30, 2003





                                3

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                     WorldNet, Inc. of Nevada
                   (A Development Stage Company)
                          Balance Sheets


                              ASSETS

                                                      June 30    December 31
                                                        2003         2002
                                                   ------------- ------------
                                                     (Unaudited)

CURRENT ASSETS                                     $          -  $         -
                                                   ------------- ------------

  TOTAL ASSETS                                     $          -  $         -
                                                   ============= ============


               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable - Related party                   $     37,000  $    37,000
                                                   ------------- ------------

  Total Liabilities                                      37,000       37,000
                                                   ------------- ------------
STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 25,000,000
  shares authorized; 17,500,000 shares issued
  and outstanding                                        17,500       17,500

Additional Paid-in Capital                               38,500       38,500

Deficit Accumulated During the Development Stage        (93,000)     (93,000)
                                                   ------------- ------------

  Total Stockholders' Equity (deficit)                  (37,000)     (37,000)
                                                   ------------- ------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $          -  $         -
                                                   ============= ============



                                4
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<CAPTION>


                           WorldNet, Inc. of Nevada
                         (A Development Stage Company)
                            Statement of Operations
                                  (Unaudited)

                                                                                         From
                                                                                         Inception on
                             For the        For the        For the        For the        March 12,
                             three months   three months   six months     six months     1986
                             ended June 30, ended June 30, ended June 30, ended June 30, to June 30,
                             2003           2002           2003           2002           2003
                             -------------- -------------- -------------- -------------- --------------
<S>                          <C>            <C>            <C>            <C>            <C>

REVENUES                     $           -  $           -  $           -  $           -  $           -
                             -------------- -------------- -------------- -------------- --------------
EXPENSES
  General & Administrative               -              -              -              -         93,000
                             -------------- -------------- -------------- -------------- --------------

    TOTAL EXPENSES                       -              -              -              -         93,000
                             -------------- -------------- -------------- -------------- --------------

NET INCOME (LOSS)            $           -  $           -  $           -  $           -  $     (93,000)
                             ============== ============== ============== ============== ==============

NET LOSS PER SHARE           $           -  $           -  $           -  $           -  $       (0.01)
                             ============== ============== ============== ============== ==============
WEIGHTED AVERAGE SHARES
  OUTSTANDING                   17,500,000     17,500,000     17,500,000     17,500,000     17,361,383
                             ============== ============== ============== ============== ==============




                                       5

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<CAPTION>




                            Worldnet, Inc. of Nevada
                         (A Development Stage Company)
                            Statement of Cash Flows
                                  (Unaudited)
                                                                                  From
                                                                                  Inception on
                                                       For the six months ended   March 12, 1986
                                                               June 30,           Through
                                                           2003          2002     June 30, 2003
                                                      ------------- ------------- -------------

                                                   <c>           <c>           <c>
Cash Flows from Operating Activities

  Net Loss                                            $          -  $          -  $    (93,000)
  Less  Non-cash Items:
  Shares issued for services                                     -             -        39,000
  Depreciation & Amortization                                    -             -        17,000
  Increase  in Accounts Payable                                  -             -        37,000
                                                      ------------- ------------- -------------

  Net Cash Provided (Used) by Operating Activities               -             -             -
                                                      ------------- ------------- -------------

Cash Flows from Investing Activities                             -             -             -
                                                      ------------- ------------- -------------

  Net Cash Provided (Used) by Investing Activities               -             -             -
                                                      ------------- ------------- -------------

Cash Flows from Financing Activities                             -             -             -
                                                      ------------- ------------- -------------

  Net Cash Provided (Used) by Financing Activities               -             -             -
                                                      ------------- ------------- -------------

Increase (Decrease) in Cash                                      -             -             -

Cash and Cash Equivalents at Beginning of Period                 -             -             -
                                                      ------------- ------------- -------------

Cash and Cash Equivalents at End of Period            $          -  $          -  $          -
                                                      ============= ============= =============
Supplemental Cash Flow Information:

  Stock issued for marketing rights                   $          -  $          -  $     17,000
  Stock issued for services                           $          -  $          -  $     39,000

Cash Paid For:

  Interest                                            $          -  $          -  $          -
  Income Taxes                                        $          -  $          -  $          -


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                     WorldNet, Inc. of Nevada
                  (A Development Stage Company)
                Notes to the Financial Statements
                          June 30, 2003


GENERAL

WorldNet, Inc. of Nevada (the Company) has elected to omit substantially all
footnotes to the financial statements for the six months ended June 30, 2003
since there have been no material changes (other than indicated in other
footnotes) to the information previously reported by the Company in their
Annual Report filed on the Form 10-KSB for the twelve months ended December
31, 2002.

UNAUDITED INFORMATION

The information furnished herein was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented.  The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.




                                7

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      In this report references to "WorldNet," "we," "us," and "our" refer to
WorldNet, Inc. of Nevada.

                    FORWARD LOOKING STATEMENTS

      This Form 10-QSB contains certain forward-looking statements and for
this purpose any statements contained in this Form 10-QSB that are not
statements of historical fact may be deemed to be forward-looking statements.
Without limiting the foregoing, words such as "may," "will," "expect,"
"believe," "anticipate," "estimate" or "continue" or comparable terminology
are intended to identify forward-looking statements.  These statements by
their nature involve substantial risks and uncertainties, and actual results
may differ materially depending on a variety of factors, many of which are not
within WorldNet's control.  These factors include, but are not limited to,
economic conditions generally, failure by management to successfully develop
business relationships, competition within the merger and acquisitions market,
and the lack of operations.

ITEM 2:   PLAN OF OPERATIONS

     Since inception, we have had no revenues and have recorded losses.  We
have financed our operations primarily through the sale of our common stock or
by loans from shareholders.  As of June 30, 2003, we had no cash on hand and
total current liabilities of $37,000.  The current liabilities reflect
expenses related to our reporting obligations under the Exchange Act.  We
incurred expenses of $32,000 in prior years and during the year ended December
31, 2002, we accrued another $5,000 related to the professional services
required to prepare our reports and the costs of filing the reports with the
SEC.  In the event we acquire a business opportunity we may incur additional
reporting expenses related to proxy or information statements we may be
required to provide to our stockholders which disclose the company to be
acquired's business operations, management and financial condition.

     We have no material commitments for the next twelve months.  We believe
that our current cash needs for at least the next twelve months can be met by
loans from our directors, officers and shareholders.  However, these
understandings are not formal agreements and therefore these persons are not
obligated to provide funds.  We may repay any loans, costs of services and
advancements with cash, if available, or we may convert them into common
stock.

     Our management intends to actively pursue business opportunities during
the next twelve months. Based on current economic and regulatory conditions,
management believes that it is possible, if not probable, for a company like
ours, without many assets or liabilities, to negotiate a merger or acquisition
with a viable private company.  The opportunity arises principally because of
the high legal and accounting fees and the length of time associated with the
registration process of "going public."  However, should any of these
conditions change, it is very possible that there would be little or no
economic value for anyone taking over control of WorldNet.

     We have not made a formal study of the economic potential of any business
opportunity and, as of the date of this filing, we have not identified any
assets or business opportunities for acquisition.   Potential investors must
recognize that because of our limited capital available for investigation and
management's limited experience in business analysis we may not discover or
adequately evaluate adverse facts about the business opportunity to be
acquired.  All risks inherent in new and inexperienced enterprises are
inherent in our plan.

     It is emphasized that our management may effect transactions having a
potentially adverse impact upon our shareholders pursuant to the authority and
discretion of our management to complete acquisitions without submitting any
proposal to the stockholders for their consideration.

     Should a merger or acquisition prove unsuccessful, it is possible that we
may decide not to pursue further acquisition activities and management may
abandon its activities and our shares would become worthless.

                                8

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ITEM 3: CONTROLS AND PROCEDURES

      Our President, who acts in the capacity of principal executive officer
and principal financial officer, has designed and established disclosure
controls and procedures to ensure that material information is made known to
him in a timely manner by others within the company.  Our President
reevaluated the effectiveness of these disclosure controls and procedures as
of the end of the period covered by this report and determined that there
continued to be no significant deficiencies in these procedures.

     Also, our President evaluated the design or operation of our internal
control over financial reporting which relates to our ability to record,
process, summarize and report financial information.  He did not find any
significant deficiency or material weakness which would require changes to be
made or corrective actions to be taken related to our internal control over
financial reporting.  Nor did he identify fraud that involved management or
other employees who had a significant role in our internal control over
financial reporting.

                    PART II: OTHER INFORMATION

ITEM 6: EXHIBITS AND REPORTS ON FORM 8-K

Part II Exhibits

3.1    Articles of Incorporation, dated March 12, 1986 (incorporated by
       reference to exhibit 3.1 to Form 10-SB, filed July 14, 2000)
3.2    Bylaws of WorldNet (incorporated by reference to exhibit 3.2 to Form
       10-SB, filed July 14, 2000)
31.1   Section 302 Principal Executive Officer Certification
31.2   Section 302 Principal Financial Officer Certification
32.1   Section 1350 Certification


Reports on Form 8-K

       None.


                            SIGNATURES

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


                                  WorldNet, Inc. of Nevada


                                  /s/ Donald R. Mayer
Date: July 31, 2003           By: __________________________________________
                                  Donald R. Mayer
                                  President, Principal Executive
                                  and Financial Officer, and Director





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