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

                           FORM 10-QSB

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

          For the quarterly period ended: March 31, 2003


[ ]     TRANSITION REPORT 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 April 17, 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]




<PAGE>

                        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 and Certifications...............................................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 month periods ended March 31, 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 three months
ended March 31, 2003, are not necessarily indicative of results to be expected
for any subsequent period.






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<PAGE>





                     WorldNet, Inc. of Nevada

                       Financial Statements

                          March 31, 2003
















                                3


<PAGE>







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

                              ASSETS

                                                     March 31     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      $           -  $          -
                                                  ============== =============




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<PAGE>


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



                                                                 From
                                                                 inception on
                                     For the three For the three March 12,
                                     months ended  months ended  1986 to
                                     March 31,     March 31,     March 31,
                                     2003          2002          2003
                                     ------------- ------------- -------------

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    17,359,352
                                     ============= ============= =============



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<PAGE>


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


                                                                 From
                                                                 inception on
                                                                 March 12,
                                     For the three months ended  1986 through
                                              March 31,          March 31,
                                          2003          2002     2003
                                     ------------- ------------- -------------
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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<PAGE>


                     WorldNet, Inc. of Nevada
                  (A Development Stage Company)
                Notes to the Financial Statements
                          March 31, 2003


GENERAL

WorldNet, Inc. of Nevada (the Company) has elected to omit substantially all
footnotes to the financial statements for the three months ended March 31,
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.




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<PAGE>

       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,
lack of operations, and future changes by regulatory agencies.

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 March 31, 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 have
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.



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<PAGE>


ITEM 3: CONTROLS AND PROCEDURES

       We rely on controls and procedures to ensure that material information
regarding our company and its operations is provided to the public in a timely
manner.  On May 7, 2003, our principal executive and financial officer, Donald
R. Mayer, evaluated the effectiveness of these disclosure controls and
procedures and determined that there were no significant deficiencies in these
procedures.

       Also, Mr. Mayer did not identify any deficiencies or material
weaknesses in our internal controls, nor did he identify fraud that involved
management or other employees who had a significant role in our internal
controls.  He did not find any deficiencies or weaknesses which would require
changes to be made or corrective actions to be taken related to our internal
controls.


                    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)

99.1      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: May 8, 2003            By: __________________________________________
                                 Donald R. Mayer
                                 President, Principal Executive and
                                 Financial Officer, and Director



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<PAGE>

            PRINCIPAL EXECUTIVE OFFICER CERTIFICATION

I, Donald R. Mayer, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of WorldNet, Inc. of
Nevada;

2.   Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statement made, in light of the circumstances under which statements
were made, not misleading with respect to the period covered by this quarterly
report;

3.   Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

4.   The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a)   all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6.   The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.



                         /s/ Donald R. Mayer
Date: May 8, 2003        ____________________________________________
                         Donald R. Mayer, Principal Executive Officer




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<PAGE>


            PRINCIPAL FINANCIAL OFFICER CERTIFICATION

I, Donald R. Mayer, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of WorldNet, Inc. of
Nevada;

2.   Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statement made, in light of the circumstances under which statements
were made, not misleading with respect to the period covered by this quarterly
report;

3.   Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

4.   The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a)   all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6.   The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


                            /S/ Donald R. Mayer
Date: May 8, 2003          ____________________________________________
                           Donald R. Mayer, Principal Financial Officer





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