SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

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

    For the quarterly period ended March 31, 2003

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

    For the transition period from _______________ to _________________


                        Commission file number: 000-32253


                               SECURED DATA, INC.
           (Name of Small Business Issuer as specific in its Charter)


            Nevada                                               87-0650264
(State or Other Jurisdiction of                               (I.R.S. Employer
 Incorporation or Organization)                              Identification No.)


              409 Calle San Pablo Suite 100-101 Camarillo, CA 93010
           (Address of Principal Executive Offices Including Zip Code)


                                 (805) 485-7687
              (Registrant's telephone number, including area code)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 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. [X] Yes [ ] No

The number of shares outstanding of the registrant's common equity as of May 23,
2003, was 54,673,030 shares of common stock, par value $0.001.

Transitional Small Business Disclosure Format (Check one): [ ] Yes [X] No
<PAGE>
                               SECURED DATA, INC.
                            INDEX TO THE FORM 10-QSB
                    FOR THE THREE-MONTHS ENDED MARCH 31, 2003

                                TABLE OF CONTENTS


PART I. FINANCIAL INFORMATION

     ITEM 1. FINANCIAL STATEMENTS

          Balance Sheet as of March 31, 2003 (unaudited) ....................  3

          Statements of Operations for the theree-months ended
          March 31, 2003 and 2002 (unaudited)................................  4

          Statements of Cash Flows for the three-months ended
          March 31, 2003 and 2002 (unaudited)................................  5

          Notes to the Financial Statements..................................  6

     ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION......  9

     ITEM 3. CONTROLS AND PROCEDURES......................................... 10

PART II. OTHER INFORMATION

     ITEM 1. LEGAL PROCEEDINGS............................................... 10

     ITEM 2. CHANGES IN SECURITIES........................................... 10

     ITEM 3. DEFAULTS UPON SERIES SECURITIES................................. 10

     ITEM 6: EXHIBITS AND REPORTS ON FORM 8-K................................ 10

SIGNATURES................................................................... 11

CERTIFICATIONS............................................................... 12

                                       2
<PAGE>
                         PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                  SECURED DATA, INC. (FORMERLY ENTERNET, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                       BALANCE SHEET AS OF MARCH 31, 2003

                                   (UNAUDITED)


                                     ASSETS

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

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Payable to consultants and vendors                                $   157,186
                                                                    -----------
TOTAL LIABILITIES                                                       157,186
                                                                    -----------
STOCKHOLDERS' EQUITY:
  Common stock, $.001 par value, 100,000,000 shares
   authorized, 54,672,030 shares issued and outstanding                  54,672
  Additional paid-in capital                                            800,338
  Deficit accumulated during the development stage                   (1,012,196)
                                                                    -----------
      Total stockholders' equity                                       (157,186)

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

    The accompanying notes are an integral part of these financial statements

                                       3
<PAGE>
                  SECURED DATA, INC. (FORMERLY ENTERNET, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                          For the              For the          March 16, 2000
                                        Three Months         Three Months       (Inception) to
                                          March 31,            March 31,            March 31,
                                            2003                 2002                 2003
                                        ------------         ------------         ------------
<S>                                     <C>                  <C>                  <C>
REVENUE                                 $         --         $         --         $         --

COSTS AND EXPENSES:
  General and administrative expense          75,624              273,806            1,012,196
                                        ------------         ------------         ------------
      Total                                   75,624              273,806            1,012,196
                                        ------------         ------------         ------------

(LOSS) FROM OPERATIONS                       (75,624)            (273,806)          (1,012,196)

INCOME TAXES                                      --                   --                   --
                                        ------------         ------------         ------------
NET (LOSS)                              $    (75,624)        $   (273,806)        $ (1,012,196)
                                        ============         ============         ============
NET (LOSS) PER COMMON SHARE
  Basic                                 $     (0.003)        $      (0.03)        $      (0.11)
                                        ============         ============         ============
  Diluted                               $     (0.003)        $      (0.03)        $      (0.11)
                                        ============         ============         ============
WEIGHTED AVERAGE COMMON SHARES
 OUTSTANDING (BASIC AND DILUTED)          22,876,982           10,087,912            9,127,520
                                        ============         ============         ============
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       4
<PAGE>
                  SECURED DATA, INC. (FORMERLY ENTERNET, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                               Period from
                                                                                              March 16, 2000
                                                           Three month       Three month    (date of inception)
                                                          Period Ended       Period Ended          to
                                                          March 31,2003      March 31,2002    March 31, 2003
                                                          -------------      -------------    --------------
<S>                                                         <C>               <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income (loss)                                         $ (75,624)        $ (273,806)        $(936,572)
  Adjustments to reconcile net income to net cash
   used in operating activities:
    Common stock issued as consideration for services          75,624             90,000           424,500
    Amortization                                                                  13,764                --
  Changes in assets and liabilities:
    Accounts payable and accrued liabilities                       --            170,042           418,401
                                                            ---------         ----------         ---------
       Net cash used in operating activities                       --                 --           (93,671)
                                                            ---------         ----------         ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from related party payable                                                               35,000
  Repayment of related party payable                               --                 --           (35,000)
  Common stock issued for cash                                     --                 --            93,671
                                                            ---------         ----------         ---------
       Net cash provided by financing activities                   --                 --            58,671
                                                            ---------         ----------         ---------

DECREASE IN CASH AND EQUIVALENTS                                   --                 --                --

CASH AND EQUIVALENTS, BEGINNING OF PERIOD                          --                 --                --
                                                            ---------         ----------         ---------

CASH AND EQUIVALENTS, END OF PERIOD                         $      --         $       --         $      --
                                                            =========         ==========         =========

SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                                             $      --         $       --         $      --
                                                            =========         ==========         =========
  Income taxes paid                                         $      --         $       --         $      --
                                                            =========         ==========         =========
SUPPLEMENTAL DISCLOSURE OF NON-CASH
INVESTING AND FINANCING ACTIVITIES:

Issuance of common stock as payment for accounts payable    $ 261,215         $       --         $      --
                                                            =========         ==========         =========
Issuance of stock for intellectual property                 $      --         $  225,000         $ 225,000
                                                            =========         ==========         =========
Issuance of debt for intellectual property                  $      --         $  766,000         $ 766,000
                                                            =========         ==========         =========
</TABLE>

   The accompanying notes are an integral part of these financial statements

                                       5
<PAGE>
                  SECURED DATA, INC. (FORMERLY ENTERNET, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO FINANCIAL STATEMENTS (UNAUDITED)


1. ORGANIZATION AND BASIS OF PRESENTATION

    Secured Data, Inc. (the "Company") a Nevada corporation, was incorporated on
    March 16, 2000 under the name Enternet, Inc. On May 23, 2002, the Articles
    of Incorporation were amended to change the name of the Company to Secured
    Data, Inc. The Company originally planned to market vitamins, minerals,
    nutritional supplements and other health and fitness products over the
    internet. After considerable effort, the Company determined that the project
    was not feasible. Effective January 31, 2002, the Company purchased the
    iCyberData Court Suite ("Court Suite"). Court Suite is an automated case
    management software system designed to solve the problems currently
    encountered by counties implementing and maintaining specialty courts. On
    September 25, 2002, the Company entered into a Mutual Release and Hold
    Harmless Agreement releasing both parties from the Intellectual Property
    Purchase Agreement entered into on January 31, 2002. To date, the Company
    has had no revenues associated with these activities. The accompanying
    financial statements present the Company as a development stage enterprise
    as of March 31, 2003.

    The Company faces many operating and industry challenges. There is no
    meaningful operating history to evaluate the Company's prospects for
    successful operations. Future losses for the Company are anticipated. The
    proposed plan of operations would include seeking an operating entity with
    which to merge. Even if successful, a merger may not result in cash flow
    sufficient to finance the continued expansion of a business.

    The accompanying financial statements have been prepared assuming that the
    Company will continue as a going concern. The Company has $157,000 in
    obligations with no means to repay such obligations other than negotiating
    settlements that will include payment through the issuance of common stock.
    As mentioned above, the Company intends to seek a merger candidate but has
    not yet identified possible candidates nor has the Company obtained capital
    needed to achieve management's plans and support its operations and there is
    no assurance that the Company will be able to raise such financing. These
    factors raise substantial doubt about the Company's ability to continue as a
    going concern. The financial statements do not include any adjustments that
    might result from this uncertainty.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    Cash and Cash Equivalents - Cash and cash equivalents include all short-term
    liquid investments that are readily convertible to known amounts of cash and
    have original maturities of three months or less. The Company had no cash or
    cash equivalents as of December 31, 2002.

    Income taxes - The Company provides for income taxes based on the provisions
    of Statement of Financial Accounting Standards No. 109, ACCOUNTING FOR
    INCOME TAXES, which among other things, requires that recognition of
    deferred income taxes be measured by the provisions of enacted tax laws in
    effect at the date of financial statements.

                                       6
<PAGE>
    Use of Estimates - The preparation of 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 financial statements and the reported amounts of revenues and
    expenses during the reporting period. Actual results could differ from those
    estimates.

    Income (Loss) Per Common Share - Basic income (loss) per share is computed
    using the weighted average number of shares of common stock outstanding for
    the period. The Company had no common stock equivalents outstanding at March
    31, 2003. All previously issued common stock options were cancelled prior to
    December 31, 2002.

    Financial instruments consist primarily of obligations under accounts
    payable and accrued expenses. The carrying amount of obligations under
    accounts payable and accrued expenses approximates fair value because of the
    short maturity of those instruments. The Company has applied certain
    assumptions in estimating these fair values. The use of different
    assumptions or methodologies may have a material effect on the estimates of
    fair value.

3. OBLIGATIONS TO CONSULTANTS AND VENDORS

    The Company has incurred obligations to numerous consultants, professionals
    and vendors in connection with the maintenance of the corporate entity and
    matters related to the failed attempt to implement the Court Suite software
    business segment. The Company paid, by the issuance of common stock,
    approximately $337,000 of expenses incurred in connection with consulting
    agreements, marketing agreements, web site development and professional fees
    during the three month period ended March 31, 2003.

4. INCOME TAXES

    The Company recognizes deferred income taxes for the differences between
    financial accounting and tax bases of assets and liabilities. Income taxes
    for the period ended March 31, 2003 consist of the following:


     Current tax provision (benefit)                              $(10,156)
     Deferred tax provision (benefit)                               10,156
                                                                  --------

     Total income tax provision (benefit)                         $      0
                                                                  ========

    The only material temporary book/tax difference for the period ended March
    31, 2003, was $15,000 of officer compensation accrued and paid for through
    the issuance of the Company's common stock. The amount is not deductible by
    the Company for income tax purposes until it is included in the recipient's
    income.

    There was a deferred income tax asset of $384,600 at March 31, 2003,
    relating to net operating loss carryforwards of approximately $349,000 and
    $49,500 for the accrued officer compensation. The deferred income tax asset
    is fully offset by a valuation allowance which was increased by $10,000
    during the period ended March 31, 2003. Federal and state net operating loss
    carryforwards of $908,000 expire beginning in 2020 through 2002.

                                       7
<PAGE>
5. INTELLECTUAL PROPERTY PURCHASE AGREEMENT

    On January 31, 2002, the Company entered into an Intellectual Property
    Purchase Agreement (the "Purchase Agreement") with iCyberData, Inc. to
    purchase their Court Suite software program. In accordance with the terms of
    the Agreement, the Company issued 600,000 shares of restricted common stock
    and a non-interest bearing six-month promissory note in the amount of
    $786,000. The Company was to begin making monthly payments February 15,
    2002. The Agreement required the Company to issue 25,000 shares of common
    stock for every week or a portion thereof that payments were in arrears. The
    Company was unable to make any required payments under the terms of the note
    payable. The Company issued an additional 180,000 shares as a penalty for
    the delinquent payments on the note payable. On September 25, 2002, the
    Company and iCyberData entered into a Mutual Release and Hold Harmless
    Agreement (the "Release Agreement"). The Release Agreement released both
    parties from any and all obligations as set forth in the Purchase Agreement.
    In addition, as part of the settlement, the Company was required to issue
    2,000,000 common shares to iCyberdata, Inc which then returned the 780,000
    shares it originally was issued in connection with this transaction and the
    penalty. The Company accounted for this transaction as a rescission and
    removed technology assets with a net book value of $894,653, a note payable
    of $766,000, accrued liabilities of $63,845 and the recorded expense of
    $27,000. Ultimately, the effect on the financial statements for this
    transaction is that an expense of $20,000 was recorded in the year ended
    December 31, 2002, representing the fair value of the 2,000,000 shares of
    common stock issued as part of the final settlement.

6. STOCKHOLDERS' DEFICIT

    Effective May 31, 2002, the Company declared a 1.2 to 1 forward common stock
    split. The number of common shares presented in these financial statements
    have all been retroactively restated to present the stock split as if it had
    occurred at the inception date.

    The Company has authorized up to 5,000,000 shares of Stock preferred stock
    with a par value of $.001 per share. The preferred stock can be issued in
    various series with varying dividend rates and preferences. At March 31,
    2003 there are no issued series or shares of preferred stock.

    In connection with certain consulting agreements, in the year ended December
    31, 2001, the Company granted 1,920,000 options to acquire common stock. All
    of those options were mutually cancelled in the year ended December 31,
    2002.

7. COMMITMENTS AND CONTINGENCIES

    The Company has entered into various consulting agreements. All of the
    consulting agreements have been mutually cancelled other than one such
    agreement with the Company's corporate counsel and another for a consultant
    that is to assist the Company in seeking merger and acquisition candidates
    and provide other financial services. The consulting agreements require the
    Company to pay an aggregate of $15,000 per month for the services rendered.
    One agreement also requires an agreed upon finders fee to be paid for
    acquisitions or mergers brought to the Company by the consultant. These
    agreements expire November 16, 2004.

    The Company may be subject other unasserted claims associated with the
    abandonment of its attempts to enter new business lines. In the opinion of
    management the ultimate disposition of these potential matters cannot be
    presently assessed.

                                       8
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION.

PLAN OF OPERATION

THE FOLLOWING INFORMATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS OF
MANAGEMENT OF THE COMPANY. FORWARD-LOOKING STATEMENTS ARE STATEMENTS THAT
ESTIMATE THE HAPPENING OF FUTURE EVENTS AND ARE NOT BASED ON HISTORICAL FACT.
FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING
TERMINOLOGY, SUCH AS "MAY," "SHALL," "WILL," "COULD," "EXPECT," "ESTIMATE,"
"ANTICIPATE," "PLAN," "PREDICT," "PROBABLE," "POSSIBLE," "SHOULD," "CONTINUE,"
OR SIMILAR TERMS, VARIATIONS OF THOSE TERMS OR THE NEGATIVE OF THOSE TERMS. THE
FORWARD-LOOKING STATEMENTS SPECIFIED IN THE FOLLOWING INFORMATION HAVE BEEN
COMPILED BY OUR MANAGEMENT ON THE BASIS OF ASSUMPTIONS MADE BY MANAGEMENT AND
CONSIDERED BY MANAGEMENT TO BE REASONABLE. OUR FUTURE OPERATING RESULTS,
HOWEVER, ARE IMPOSSIBLE TO PREDICT AND NO REPRESENTATION, GUARANTY, OR WARRANTY
IS TO BE INFERRED FROM THOSE FORWARD-LOOKING STATEMENTS.

During the third quarter of 2001, the company entered into a non-binding letter
of intent with iCyberData, Inc., a Florida corporation to purchase the
iCyberData Court Suite, "Court Suite". On January 31, 2002, the Company entered
into an Intellectual Property Purchase Agreement with iCyberData, Inc.
conditional upon them successfully transferring the intellectual property. The
successful transfer occurred on February 28, 2002 and the closing occurred on
March 10, 2002. All parties agreed to make the effective date of the Agreement
January 31, 2002. The purchase of the Court Suite software program requires cash
that the Company planned to raise. After numerous months of effort the company
was unable to raise the required funds. On September 25, 2002 a Mutual Release
and Hold Harmless Agreement releasing both iCyberData and the company from the
Intellectual Property Purchase Agreement executed on January 31, 2002. The
company also issued 2,000,000 shares of its common stock restricted as to Rule
144, to iCyberData to help defer some of its expenses associated with the
attempted acquisition.

The company is without an operating history. It has no revenue and limited
assets. The Company will in all likelihood operate at a loss and will be unable
to reverse that situation until a merger or acquisition occurs.

The company has no current agreement with respect to a merger or acquisition
with a targeted company. There is no assurance that the Company will be
successful in its plan to merge or acquire another entity. There has been no
industry identification by management. The management of the company consists
only of its officers and directors. They will devote a large portion of their
time to locate and close with a potential targeted company. There is neither
compensation paid nor an agreement to enter into such a contract in the future

LIQUIDITY AND CAPITAL RESOURCES

The Company has incurred additional deficits. The Company has no cash or other
liquid assets. The Company is attempting to negotiate settlements with its
creditors. The Company believes that these creditors will settle a majority of
these obligations in exchange for shares of its common stock. The Company has
paid for services provided by consultants in the three months ended March 31,
2003 by issuing common. The Company must address accrued payroll and trade
payable obligations to successfully restructure the Company's obligations. There
can be no assurances that the Company will be successful in doing so.

                                       9
<PAGE>
OFF BALANCE SHEET ARRANGEMENTS

The Company's liquidity has not dependent upon off balance sheet transactions.
For the period ended March 31, 2003, the Company did not engage in any off
balance sheet transactions.

ITEM 3. CONTROLS AND PROCEDURES

The Company maintains disclosure controls and procedures that are designed to
ensure that information required to be disclosed in our annual and periodic
reports filed with the SEC is recorded, processed, summarized and reported
within the time periods specified in the SEC's rules and forms. These disclosure
controls and procedures are further designed to ensure that such information is
accumulated and communicated to our management, including our Chief Executive
Officer and Principal Accounting Officer, to allow timely decisions regarding
required disclosure.

Based on the most recent evaluation, which was completed within 90 days of the
filing of this report, our Chief Executive Officer and Principal Accounting
Officer believes that the Company's disclosure controls and procedures are
effective and there have been no significant changes in the Company's internal
controls or in other factors that could significantly affect the internal
controls subsequent to the date of the most recent evaluation.

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

NONE

ITEM 2 - CHANGES IN SECURITIES

During the three month period ended March 31, 2003, the Company issued
37,652,030 shares of its common stock shares as consideration for services
provided by consultants and as payment to other consultants and professionals to
settle previously accrued amounts. There were no underwriters involved in the
issuance of these shares and the securities were not publicly offered for sale.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

N/A

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

    99 - Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(b) Reports on Form 8-K

    The Company filed Form 8-K dated January 10, 2003 to inform investors that
    the registrant on, March 3, 2003 retained, Epstein, Weber & Conover, PLC of
    Scottsdale Arizona as its principal accountant. Neither the registrant nor
    anyone on its staff has consulted Epstein, Weber & Conover, PLC, during the
    two most recent past fiscal years, and any later interim period, regarding
    any matter for which reporting is required under regulation SB, Item 304(a)
    (2) (i) or (ii) and the related instructions. The Board of Directors
    approved the appointment of Epstein, Weber & Conover, PLC. There was no
    disagreement with the former principal accounts Tanner and Co. nor have
    there been any disagreements with our current accountants regarding any
    matter of accounting principles or practices, financial statement
    disclosure, or auditing scope or procedure.

                                       10
<PAGE>
                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Action of 1934, as amended, the registrant has duly caused this Report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                        SECURED DATA, INC.

                                        By: /s/ Art Malone
                                           ------------------------------
                                           Art Malone
                                           Chairman of the Board

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this Report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.

       Signature                        Title                           Date
       ---------                        -----                           ----

/s/ Art Malone
-------------------------     Chairman of the Board and CEO         May 23, 2003
Art Malone

                                       11
<PAGE>
                                 CERTIFICATIONS

I, Art Malone, certify, pursuant to Rule 13a-4 of the Securities Exchange Act of
1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with
respect to the Quarterly Report of Secured Data, Inc. on Form 10-QSB for the
quarterly period ended March 31, 2003 that:

(1) I have reviewed this Report;

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

(3) based on my knowledge, the financial statements and other financial
information included in this Report, fairly present in all material respects the
financial condition, results of operations and cash flows of SDI as of, and for
the periods presented in this Report;

(4) I am responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for SDI and I
have: (a) designed such disclosure controls and procedures to ensure that
material information relating to SDI is made known to me by others, particularly
during the period in which this Report is being prepared; (b) evaluated the
effectiveness of SDI's disclosure controls and procedures as of a date within 90
days prior to the filing date of this Report (the "EVALUATION DATE"); and (c)
presented in this Report my conclusions about the effectiveness of the
disclosure controls and procedures based on my evaluation as of the Evaluation
Date;

(5) I have disclosed, based on my most recent evaluation, to our auditors and
the audit committee of our 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 our ability to
record, process, summarize and report financial data and have identified for our
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 our internal controls; and

(6) I have indicated in this 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 my most recent evaluation, including
any corrective actions with regard to significant deficiencies and material
weaknesses.

Date: May 23, 2003                       By: /s/ Art Malone
                                            -------------------------------
                                            Art Malone
                                            Chief Executive Officer

                                       12