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, 2006


[ ]   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  [ ]

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).   Yes [X]   No [ ]

As of May 1, 2006, WorldNet, Inc. of Nevada had a total of 18,500,000 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.............................................2

Item 2.  Management's Discussion and Analysis or Plan of Operation........8

Item 3.  Controls and Procedures..........................................8

                    PART II: OTHER INFORMATION

Item 6.  Exhibits.........................................................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 month periods ended March 31, 2006 and 2005 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 month
period ended March 31, 2006 are not necessarily indicative of results to be
expected for any subsequent period.


                                2

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                     WorldNet, Inc. of Nevada

                  (A Development Stage Company)

                       Financial Statements

                          March 31, 2006




                                3

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


                              ASSETS
                              ------

                                                      March 31    December 31
                                                        2006          2005
                                                   ------------- -------------
                                                    (Unaudited)

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

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


               LIABILITIES AND STOCKHOLDERS' EQUITY
               ------------------------------------

CURRENT LIABILITIES

Accounts Payable - Related party                   $     47,100  $     47,100
                                                   ------------- -------------

  Total Liabilities                                      47,100        47,100
                                                   ------------- -------------

STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 25,000,000
  shares authorized; 18,500,000 shares
  issued and outstanding                                 18,500        18,500

Additional Paid-in Capital                               47,500        47,500

Deficit Accumulated During the Development Stage       (113,100)     (113,100)
                                                   ------------- -------------

  Total Stockholders' Equity (deficit)                  (47,100)      (47,100)
                                                   ------------- -------------

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




                                4


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

                                                                From
                                                                Inception on
                                For the         For the         March 12,
                                three months    three months    1986
                                ended March 31, ended March 31, to March 31,
                                2006            2005            2006
                                --------------- --------------- --------------

REVENUES                        $            -  $            -  $           -
                                --------------- --------------- --------------

EXPENSES
  General & Administrative                   -               -        113,100
                                --------------- --------------- --------------

    TOTAL EXPENSES                           -               -        113,100
                                --------------- --------------- --------------

NET INCOME (LOSS)               $            -  $            -  $    (113,100)
                                =============== =============== ==============

NET LOSS PER SHARE              $            -  $            -  $       (0.01)
                                =============== =============== ==============
WEIGHTED AVERAGE SHARES
  OUTSTANDING                       18,500,000      18,500,000     17,430,974
                                =============== =============== ==============


                                5



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                     WorldNet, Inc. of Nevada
                  (A Development Stage Company)
                     Statements of Cash Flows
                           (Unaudited)
                                                                 From
                                                                 Inception on
                                      For the three months ended March 12,
                                                March 31,        1986 Through
                                      -------------------------- March 31,
                                           2006         2005     2006
                                      ------------- ------------ -------------
Cash Flows from Operating Activities

  Net Loss                            $          -  $         -  $   (113,100)
  Less Non-cash Items:
  Shares issued for services                     -            -        49,000
  Depreciation & Amortization                    -            -        17,000
  Increase in Accounts Payable                   -            -        47,100
                                      ------------- ------------ -------------
  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           $          -  $         -  $     49,000

Cash Paid For:
  Interest                            $          -  $         -  $          -
  Income Taxes                        $          -  $         -  $          -



                                6


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                     WorldNet, Inc. of Nevada
                  (A Development Stage Company)
                Notes to the Financial Statements
                          March 31, 2006


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,
2006 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, 2005.

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.

        SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Securities and Exchange Commission ("SEC") encourages companies to
disclose forward-looking information so that investors can better understand
future prospects and make informed investment decisions.  This report contains
these types of statements.  Words such as "may," "will," "expect," "believe,"
"anticipate," "estimate," "project," or "continue" or comparable terminology
used in connection with any discussion of future operating results or
financial performance identify forward-looking statements.  You are cautioned
not to place undue reliance on the forward-looking statements, which speak
only as of the date of this report.  All forward-looking statements reflect
our present expectation of future events and are subject to a number of
important factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR  PLAN OF OPERATION

During the next twelve months our management intends to actively seek an
operating company to acquire or merge with which may provide operating
revenue.  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
process of "going public."  However, 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.

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 limited capital available for investigation of business
opportunities and management's limited experience in business analysis, we may
not discover or adequately evaluate adverse facts about any 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.

As of March 31, 2006 we had no cash on hand and total current liabilities of
$47,100.  The majority of our operating expenses are related to our reporting
obligations under the Exchange Act.  These expenses include legal, accounting
and professional services required to prepare and file our reports with the
SEC.  We are unable to pay cash for these services and have relied on related
parties to pay for these costs on our behalf.  These parties have not entered
into written agreements guaranteeing advances and, therefore, these parties
are not obligated to provide funds in the future.  However, management
anticipates that these parties will continue to pay for these costs on our
behalf during the next twelve months.  We may pay for these advances by
converting the debt into common stock.

ITEM 3.  CONTROLS AND PROCEDURES

Our President, who acts in the capacity of principal executive officer and
principal financial officer, has evaluated the effectiveness of our disclosure
controls and procedures as of the end of the period covered by this report.
Based on that evaluation, he concluded that our disclosure controls and
procedures were effective.

Also, he determined that there were no changes made in our internal controls
over financial reporting during the first quarter of 2006 that have materially
affected, or are reasonably likely to materially affect our internal control
over financial reporting.

                                8

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                    PART II: OTHER INFORMATION

ITEM 6.  EXHIBITS

Part I Exhibits

31.1  Principal Executive Officer Certification
31.2  Principal Financial Officer Certification
32.1  Section 1350 Certification


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)


                            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 10, 2006              By: ______________________________________
                                     Donald R. Mayer
                                     President, Principal Executive Officer
                                     Principal Financial Officer, and Director




                                9

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