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

FORM 10-QSB

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

For the Quarterly Period ended April 30, 2004

Commission File Number: 0-31539

COVENTURE INTERNATIONAL INC.(Exact name of small business issuer as specified in its charter)

|Delaware                        | 98-0231607         
|------------------------------- | -------------------
|(Jurisdiction of Incorporation) | (I.R.S. Employer   
|                                | Identification No.)

404 First Street West, Unit 3Cochrane, Alberta, Canada T4C 1A5(Address of principal executive office) (Zip Code)

Registrant's telephone number, including area code: (403) 851-2600

Check whether the issuer (1) filed all reports required to
  be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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.) Yes x No  ̈

As of June 1, 2004 the Company had 7,022,200 shares of common
  stock issued and outstanding.

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INDEX

|PART I  | FINANCIAL INFORMATION |                                                                                                                                                          
|------- | --------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                       |                                                                                                                                                          
|        | ITEM 1                | Consolidated Balance Sheets at April 30, 2004 (unaudited)
      and July 31, 2003                                                                        
|        |                       |                                                                                                                                                          
|        |                       | Consolidated Statements of Operations for the nine months
      ended April 30, 2004 and 2003 and from March 31, 1999 to April 30, 2004
      (unaudited)
|        |                       |                                                                                                                                                          
|        |                       | Consolidated Statements of Cash Flows for the nine months
      ended April 30, 2004 and 2003 (unaudited)                                                
|        |                       |                                                                                                                                                          
|        |                       | Notes To Consolidated Financial Statements                                                                                                               
|        |                       |                                                                                                                                                          
|        | ITEM 2                | Management's Discussion and Analysis or Plan of Operations                                                                                               
|        |                       |                                                                                                                                                          
|        | ITEM 3                | Controls and Procedures                                                                                                                                  
|        |                       |                                                                                                                                                          
|PART II | OTHER INFORMATION     |                                                                                                                                                          
|        |                       |                                                                                                                                                          
|        | ITEM 1                | Legal proceedings                                                                                                                                        
|        |                       |                                                                                                                                                          
|        | ITEM 2                | Changes in securities and small business issuer purchases
      of equity securities                                                                     
|        |                       |                                                                                                                                                          
|        | ITEM 3                | Defaults upon senior securities                                                                                                                          
|        |                       |                                                                                                                                                          
|        | ITEM 4                | Submission of matters to a vote of security holders                                                                                                      
|        |                       |                                                                                                                                                          
|        | ITEM 5                | Other information                                                                                                                                        
|        |                       |                                                                                                                                                          
|        | ITEM 6                | Exhibits and Reports on 8-K                                                                                                                              
|        |                       |                                                                                                                                                          
|        | SIGNATURES            |                                                                                                                                                          

2

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Coventure International Inc.(A Development Stage Enterprise)
  Consolidated Financial Statements



3

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Coventure International Inc. 
  (A Development Stage Enterprise) 
  Consolidated Balance Sheets 
  (expressed in U.S. dollars)

|                                                                  | April 30,   |   | July 31,  |  
|----------------------------------------------------------------- | ----------- | - | --------- | -
|                                                                  | 2004        |   | 2003      |  
|                                                                  | $           |   | $         |  
|                                                                  | (unaudited) |   | (audited) |  
|                                                                  |             |   |           |  
|ASSETS                                                            |             |   |           |  
|                                                                  |             |   |           |  
|CURRENT                                                           |             |   |           |  
|Cash                                                              |            |   | 4,992     |  
|Accounts receivable                                               | 13,202      |   |          |  
|Prepaid expenses and deposits                                     | 1,585       |   | 824       |  
|Total Current Assets                                              | 14,787      |   | 5,816     |  
|Property and Equipment (Note 3)                                   | 21,824      |   | 365       |  
|Total Assets                                                      | 36,611      |   | 6,181     |  
|                                                                  |             |   |           |  
|LIABILITIES AND STOCKHOLDERS DEFICIT                             |             |   |           |  
|                                                                  |             |   |           |  
|CURRENT LIABILITIES                                               |             |   |           |  
|Excess of cheques written over funds on deposit                   | 3,144       |   |          |  
|Accounts payable and accrued liabilities                          | 31,279      |   | 14,238    |  
|Due to related parties (Note 5)                                   | 27,821      |   | 10,000    |  
|Deferred revenue                                                  | 62,390      |   |          |  
|Total Current Liabilities                                         | 124,634     |   | 24,238    |  
|Due To Related Party (Note 5)                                     | 23,688      |   | -         |  
|                                                                  | 148,322     |   | 24,238    |  
|                                                                  |             |   |           |  
|STOCKHOLDERS DEFICIT                                             |             |   |           |  
|                                                                  |             |   |           |  
|Common stock (Note 4) - $0.0001 par value; 30,000,000 authorized: |             |   |           |  
|7,022,200 and 6,974,200 issued and outstanding, respectively      | 702         |   | 697       |  
|Preferred stock - $0.0001 par value; 5,000,000 authorized         |            |   |          |  
|Additional Paid-In Capital                                        | 139,280     |   | 127,285   |  
|Accumulated Other Comprehensive Income                            | 3,216       |   |          |  
|Deficit accumulated in the development stage                      | (254,909    | ) | (146,039  | )
|Total Stockholders Deficit                                       | (111,711    | ) | (18,057   | )
|Total Liabilities and Stockholders Deficit                       | 36,611      |   | 6,181     |  

CONTINGENT LIABILITY (Note 1) 
  COMMITMENTS (Note 6)

The accompanying notes are an integral part of these consolidated
  financial statements.

4

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Coventure International Inc. 
  (A Development Stage Enterprise) 
  Consolidated Statements of Operations
  (expressed in U.S. dollars) 
  (unaudited)

|                                       |                    |   |                   |   |                     |   |            |   | Period From       |  
|-------------------------------------- | ------------------ | - | ----------------- | - | ------------------- | - | ---------- | - | ----------------- | -
|                                       | Three Months Ended |   | Nine Months Ended |   | March 31, 1999      |  
|                                       | April 30,          |   | April 30,         |   | (Date of Inception) |  
|                                       | 2004               |   | 2003              |   | 2004                |   | 2003       |   | to April 30, 2004 |  
|                                       | $                  |   | $                 |   | $                   |   | $          |   | $                 |  
|                                       |                    |   |                   |   |                     |   |            |   |                   |  
|Revenue                                | 30,844             |   | 6,414             |   | 63,260              |   | 10,385     |   | 80,726            |  
|Expenses                               |                    |   |                   |   |                     |   |            |   |                   |  
|Administration                         | 11,103             |   | 2,691             |   | 31,974              |   | 5,445      |   | 57,854            |  
|Advertising and promotion              | 7,352              |   |                  |   | 18,937              |   | 272        |   | 24,579            |  
|Bad debts                              | 187                |   |                  |   | 187                 |   |           |   | 431               |  
|Commissions                            | 14,626             |   |                  |   | 20,716              |   |           |   | 20,716            |  
|Consulting                             |                   |   | (4,500            | ) |                    |   | 4,500      |   | 18,850            |  
|Depreciation                           | 1,019              |   | 37                |   | 2,554               |   | 109        |   | 2,809             |  
|Gain on sale of equipment              |                   |   |                  |   |                    |   | (49        | ) | (49               | )
|Management fees and wages (Note 5)     | 14,657             |   | 2,017             |   | 46,048              |   | 3,207      |   | 69,758            |  
|Professional fees                      | 4,879              |   | 7,974             |   | 17,629              |   | 45,457     |   | 98,275            |  
|Subcontract                            | 24,510             |   | 2,298             |   | 34,085              |   | 3,894      |   | 41,412            |  
|Write-off of impaired asset            |                   |   |                  |   |                    |   |           |   | 1,000             |  
|Total Expenses                         | 78,333             |   | 10,517            |   | 172,130             |   | 62,835     |   | 335,635           |  
|Net Loss For The Period                | (47,489            | ) | (4,103            | ) | (108,870            | ) | (52,450    | ) | (254,909          | )
|                                       |                    |   |                   |   |                     |   |            |   |                   |  
|Net Loss Per Share - Basic and Diluted | (0.01              | ) |                  |   | (0.02               | ) | (0.01      | ) |                   |  
|Weighted Average Shares Outstanding    | 7,022,000          |   | 10,568,000        |   | 7,014,000           |   | 10,568,000 |   |                   |  

The accompanying notes are an integral part of these consolidated
  financial statements.

5

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Coventure International Inc.
  (A Development Stage Enterprise)
  Consolidated Statements of Cash Flows
  (expressed in U.S. dollars)
  (unaudited)

|                                                                      | Nine Months Ended |  
|--------------------------------------------------------------------- | ----------------- | -
|                                                                      | April 30,         |  
|                                                                      | 2004              |  
|                                                                      | $                 |  
|Cash Flows Used In Operating Activities                               |                   |  
|                                                                      |                   |  
|Net loss for the period                                               | (108,870          | )
|                                                                      |                   |  
|Adjustments to reconcile net loss to net cash used in
      operating |                   |  
|activities                                                            |                   |  
|Depreciation                                                          | 2,554             |  
|Gain on sale of equipment                                             |                  |  
|                                                                      |                   |  
|Changes in operating assets and liabilities                           |                   |  
|Accounts receivable                                                   | (13,202           | )
|Prepaid expenses and deposits                                         | (761              | )
|Accounts payable and accrued liabilities                              | 17,041            |  
|Deferred revenue                                                      | 62,390            |  
|                                                                      |                   |  
|Net Cash Used In Operating Activities                                 | (40,848           | )
|                                                                      |                   |  
|Cash Flows From (Used In) Investing Activities                        |                   |  
|Proceeds on sale of equipment                                         |                  |  
|Purchase of property and equipment                                    | (24,013           | )
|                                                                      |                   |  
|Net Cash Provided By (Used In) Investing Activities                   | (24,013           | )
|                                                                      |                   |  
|Cash Flows From Financing Activities                                  |                   |  
|Increase in due to related parties                                    | 41,509            |  
|Increase in note payable                                              |                  |  
|Issuance of common stock                                              | 12,000            |  
|                                                                      |                   |  
|Net Cash Provided By Financing Activities                             | 53,509            |  
|Foreign Currency Translation                                          | 3,216             |  
|Increase (Decrease) in Cash                                           | (8,136            | )
|Cash, Beginning of Period                                             | 4,992             |  
|Cash, End of Period                                                   | (3,144            | )
|                                                                      |                   |  
|Non-Cash Investing and Financing Activities                           |                  |  
|                                                                      |                   |  
|Supplemental Disclosures                                              |                   |  
|Interest paid                                                         |                  |  
|Income taxes paid                                                     |                  |  

The accompanying notes are an integral part of these consolidated
  financial statements.

6

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Coventure International Inc. 
  (A Development Stage Enterprise)
  Notes to the Consolidated Financial Statements 
  (expressed in U.S. dollars) 
  (unaudited)

|1. | DEVELOPMENT STAGE COMPANY
      Coventure International Inc. (the Company)
        was incorporated in the State of Delaware, U.S.A. on March 31, 1999 as
        Bullet Environmental Systems, Inc. and changed its name on May 25, 2000
        to Liquidpure Corp. On February 14, 2002, the Company changed its name
        to Coventure International Inc.
      These financial statements include the accounts of the
        Company and its wholly-owned subsidiary Coventure Canada Inc. (the Subsidiary).
        The Subsidiary was incorporated in the Province of Alberta, Canada on
        February 5, 2002.
      The Company is engaged in the business of providing
        management consulting products and services through an eventual network
        of regionally licensed operators in North America. The Companys
        services include accounting, tax, planning and consulting.
      The Company is in the development stage and planned
        principal activities have commenced, but has not yet generated significant
        revenue. In a development stage company, management devotes most of its
        activities to developing a market for its services. The Companys
        primary source of revenue is currently from consulting services. These
        financial statements have been prepared on a going concern basis, which
        implies the Company will continue to realize its assets and discharge
        its liabilities in the normal course of business. The Company has not
        generated significant revenue and as at April 30, 2004 has a working capital
        deficiency of $109,847, and accumulated losses of $254,909 since inception.
        The continuation of the Company as a going concern and the ability of
        the Company to emerge from the development stage is dependent upon the
        continued financial support from its shareholders, the ability of the
        Company to obtain necessary equity financing to continue operations and
        to generate significant revenue. There is no guarantee that the Company
        will be able to raise any equity financing or generate profitable operations.
        These financial statements do not include any adjustments to the recoverability
        and classification of recorded asset amounts and classification of liabilities
        that might be necessary should the Company be unable to continue as a
        going concern. These factors raise substantial doubt regarding the Companys
        ability to continue as a going concern.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|2. | SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

7

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Coventure International Inc. 
  (A Development Stage Enterprise)
  Notes to the Consolidated Financial Statements 
  (expressed in U.S. dollars) 
  (unaudited)

|2. | SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
      (continued)
|-- | --------------------------------------------------------------
|   |                                                               
|   | d)                                                            
|   |                                                               
|   | e)                                                            
|   |                                                               
|   | f)                                                            
|   |                                                               
|   | g)                                                            
|   |                                                               
|   | h)                                                            

8

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Coventure International Inc. 
  (A Development Stage Enterprise) 
  Notes to the Consolidated Financial Statements
  (expressed in U.S. dollars) 
  (unaudited)

|2. | SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
      (continued)
|-- | --------------------------------------------------------------
|   |                                                               
|   | i)                                                            
|   |                                                               
|   | j)                                                            
|   |                                                               
|   | k)                                                            

9

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Coventure International Inc. 
  (A Development Stage Enterprise)
  Notes to the Consolidated Financial Statements 
  (expressed in U.S. dollars) 
  (unaudited)

|2. | SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
      (continued)
|-- | --------------------------------------------------------------
|   |                                                               
|   | l)                                                            
|   |                                                               
|3. | PROPERTY AND EQUIPMENT                                        

| |                         |        |              | April 30,    | July 31,    
| | ----------------------- | ------ | ------------ | ------------ | ------------
| |                         |        |              | 2004         | 2003        
| |                         |        |              | Net Carrying | Net Carrying
| |                         |        | Accumulated  | Value        | Value       
| |                         | Cost   | Depreciation | $            | $           
| |                         | $      | $            | (unaudited)  | (audited)   
| | Furniture and equipment | 18,410 | 1,999        | 16,411       | 365         
| | Leasehold improvements  | 6,186  | 773          | 5,413        |            
| |                         | 24,596 | 2,772        | 21,824       | 365         

|4. | COMMON STOCK
      During the nine months ended April 30, 2004, the Company
        issued 48,000 shares of common stock at a price of $0.25 per share for
        total proceeds of $12,000.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                              
|5. | RELATED PARTY TRANSACTIONS                                                                                                                                                                   
|   |                                                                                                                                                                                              
|   | a)                                                                                                                                                                                           
|   |                                                                                                                                                                                              
|   | b)                                                                                                                                                                                           
|   |                                                                                                                                                                                              
|   | c)                                                                                                                                                                                           

| |                                                                    | April 30,   | July 31, 
| | ------------------------------------------------------------------ | ----------- | ---------
| |                                                                    | 2004        | 2003     
| |                                                                    | $           | $        
| |                                                                    | (unaudited) | (audited)
| | Monthly payments of $415 including principal and interest
      at |             |          
| | 14.75% per annum, unsecured and due on November 24,                |             |          
| | 2008                                                               | 25,009      |         
| |                                                                    |             |          
| | Less: current portion                                              | 1,321       |         
| |                                                                    |             |          
| |                                                                    | 23,688      |         

10

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Coventure International Inc.
  (A Development Stage Enterprise) 
  Notes to the Consolidated Financial Statements 
  (expressed in U.S. dollars) 
  (unaudited)

|5. | RELATED PARTY TRANSACTIONS (continued)
|-- | --------------------------------------
|   |                                       
|   |                                       

|2005 | $ | 1,321  | 
|---- | - | ------ | 
|2006 |   | 1,516  | 
|2007 |   | 1,748  | 
|2008 |   | 2,010  | 
|2009 |   | 18,414 | 
|     | $ | 25,009 | 

|   | d)                                                                                                                                                                                                                                                                                                                                             | During the nine months ended April 30, 2004, the
        Company paid management fees of $26,756 (2003 - $2,205) to the sole officer
        and director of the Company. In addition, management fees of $9,552 (2003
        - $Nil) were paid to the spouse of the sole officer and director of the
        Company.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                        
|6. | COMMITMENTS
      The Company entered into an operating lease for office
        premises. The lease calls for monthly payments of CAD$1,174 starting September
        1, 2003 until August 31, 2006. In addition, the Company is responsible
        for its proportionate share of operating costs, currently at CAD$312 per
        month.

11

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

In the fall of 2003 we began providing accounting, tax and
  business consulting services to small and medium sized businesses in-and-around
  the Calgary, Alberta region. It is the intent of our management to leverage
  the experience from this regional office to template offices throughout Canada
  through a network of regionally licensed operators. The consulting services
  will be designed to improve a clients profitability through strategic
  analysis, planning, consulting and ongoing evaluation. Our core services will
  attempt to identify inefficiencies and trouble spots in a business before they
  cause significant problems.

We commenced significant operational activities as of September
  1, 2003. A regional office was opened in Cochrane, Alberta, a community west
  of Calgary, on October 1, 2003. Administrative and inside support staff were
  hired at that time. Currently two full-times sales people are supported by two
  inside appointment setters. Client servicing is done by John Hromyk, President
  and Carla Cochran, CGA.

During the nine months ended April 30, 2004 our operations
  used $40,848 in cash and we spent $24,013 on office equipment and leasehold
  improvements. Operating capital was provided from the sale of our common stock,
  which was registered by means of SB-2 registration statement, loans from our
  President and his wife and cash on hand at July 31, 2003.

On March 17, 2004 the over-the-counter Bulletin Board operated
  by NASDR, Inc. began quotation of our common stock under the symbol CVNI.

As of June 1, 2004, we had established 35 accounts. These
  clients are small and medium sized businesses that have selected one of our
  standard programs that incorporate tax and business advisory services for a
  one-year initial period. Client response has been strong and we have implemented
  numerous refinements to our programs from our experience with our clients. As
  a result of the foregoing, our revenue for the nine month period ended April
  30, 2004 has increased to $63,260 from $10,385 for the nine month period ended
  April 30, 2003. However, the increased revenue has been matched by increased
  expenses ($172,130 for the nine month period ended April 30, 2004 as compared
  to $62,835 for the nine month period ended April 30, 2003) and as a result our
  net loss for the nine month period ended April 30, 2004 has increased to $108,870
  from $52,450 in the previous period. In addition, our loss from inception is
  now $254,909.

We have been targeting between $150,000 and $300,000 CDN in
  revenue by the end of the 2004 fiscal year, on the assumption that we would
  be able to raise $100,000 in capital. Of this amount, $50,000 was to be used
  to hire and train the analysts and consultants which will provide these services
  to future clients and $50,000 was to be used to market our products, services,
  and licensing program. We have not been successful to date in our attempt to
  raise significant capital and we do not know when we will obtain such capital,
  if at all.

As a result of the foregoing, while we expect that our core
  business may achieve profitability in the next twelve months, we expect that,
  after paying the legal, accounting and other regulatory costs associated with
  maintaining the currency of our filing with the Securities and Exchange

12

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Commission, we will continue to operate at a loss. In order
  to address the foregoing, our management has attempted to raise additional capital
  in excess of the $100,000 referred to above. To date, our management has not
  been successful in this regard. Our management has therefore begun seeking a
  revenue producing venture partner which is seeking the benefits of being publicly
  traded. In the event that we are unable to raise additional capital, or we are
  unable to find a suitable revenue producing venture partner, we will be forced
  to suspend our filing obligations with the Securities and Exchange Commission,
  resulting in our common stock being delisted from the over-the-counter Bulletin
  Board.

As at the date hereof, we have no particular acquisitions
  in mind and have not entered into any negotiations regarding such an acquisition,
  and our management has not engaged in any negotiations with any representatives
  of the owners of any business or company regarding the possibility of a merger
  or acquisition between ourselves and such other companies.

This report contains certain forward-looking statements. We
  wish to advise readers that actual results may differ substantially from such
  forward-looking statements. Forward-looking statements involve risks and uncertainties
  that could cause actual results to differ materially from those expressed in
  or implied by the statements, including, but not limited to ability of us to
  meet our cash and working capital needs, our ability to maintain our existence
  as a viable entity, and other risks detailed in the Company's periodic report
  filings with the Securities and Exchange Commission.

New Accounting Pronouncements

In December 2003, the United States Securities and Exchange
  Commission issued Staff Accounting Bulletin No. 104, "Revenue Recognition" (SAB
  104), which supersedes SAB 101, "Revenue Recognition in Financial Statements."
  The primary purpose of SAB 104 is to rescind accounting guidance contained in
  SAB 101 related to multiple element revenue arrangements, which was superseded
  as a result of the issuance of EITF 00-21, "Accounting for Revenue Arrangements
  with Multiple Deliverables." While the wording of SAB 104 has changed to reflect
  the issuance of EITF 00-21, the revenue recognition principles of SAB 101 remain
  largely unchanged by the issuance of SAB 104. The adoption of SAB 104 did not
  have a material impact on the Company's financial statements.

In May 2003, the FASB issued SFAS No. 150, Accounting
  for Certain Financial Instruments with Characteristics of both Liabilities and
  Equity. SFAS No. 150 establishes standards for how an issuer classifies
  and measures certain financial instruments with characteristics of both liabilities
  and equity. It requires that an issuer classify a financial instrument that
  is within its scope as a liability (or an asset in some circumstances). The
  requirements of SFAS No. 150 apply to issuers classification and measurement
  of freestanding financial instruments, including those that comprise more than
  one option or forward contract. SFAS No. 150 does not apply to features that
  are embedded in a financial instrument that is not a derivative in its entirety.
  SFAS No. 150 is effective for financial instruments entered into or modified
  after May 31, 2003, and otherwise is effective at the beginning of the first
  interim period beginning after June 15, 2003, except for mandatory redeemable
  financial instruments of non-public entities. It is to be implemented by reporting
  the cumulative effect of a change in an accounting principle for financial instruments
  created before the issuance date of SFAS No. 150 and still existing at the

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beginning of the interim period of adoption. Restatement is
  not permitted. The adoption of this standard did not have a material effect
  on the Companys results of operations or financial position.

Forward Looking Statements

This Plan of Operations includes a number of forward-looking
  statements that reflect Management's current views with respect to future events
  and financial performance. Those statements include statements regarding the
  intent, belief or current expectations of us and members of our management team
  as well as the assumptions on which such statements are based. Prospective investors
  are cautioned that any such forward-looking statements are not guarantees of
  future performance and involve risk and uncertainties, and that actual results
  may differ materially from those contemplated by such forward-looking statements.

Readers are urged to carefully review and consider the various
  disclosures made by us in this report and in our other reports filed with the
  Securities and Exchange Commission. Important factors currently known to management
  could cause actual results to differ materially from those in forward-looking
  statements. We undertake no obligation to update or revise forward-looking statements
  to reflect changed assumptions, the occurrence of unanticipated events or changes
  in the future operating results over time. We believe that its assumptions are
  based upon reasonable data derived from and known about our business and operations
  and the business and operations of the Company. No assurances are made that
  actual results of operations or the results of our future activities will not
  differ materially from its assumptions.

Item 3.     Controls and Procedures

Based on the evaluation of our disclosure controls and procedures
  by John Hromyk, our President and Principal Financial Officer, as of a date
  within 90 days of the filing date of this quarterly report, such officer has
  concluded that our disclosure controls and procedures are effective in ensuring
  that information required to be disclosed by us in the reports that we file
  or submit under the Securities and Exchange Act of 1934, as amended, is recorded,
  processed, summarized and reported, within the time period specified by the
  Securities and Exchange Commissions rules and forms.

There were no significant changes in our internal controls
  or in other factors that could significantly affect these controls subsequent
  to the date of their evaluation, including any corrective actions with regard
  to significant deficiencies and material weaknesses.

PART II: OTHER INFORMATION

Item 1.     Legal Proceedings

Not applicable.

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Item 2.     Changes in Securities and Small Business
  Issuer Purchases of Equity Securities

Not Applicable.

Item 3.     Defaults Upon Senior Securities

Not applicable.

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

Not applicable.

Item 5.     Other Information

Not applicable

Item 6.     Exhibits and Reports on Form 8-K

| | (a) | Exhibits                                                                                                                                                                                                                                                                
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                         
| |     | 31.1                                                                                                                                                                                                                                                                    
| |     |                                                                                                                                                                                                                                                                         
| |     | 32.1                                                                                                                                                                                                                                                                    
| |     |                                                                                                                                                                                                                                                                         
| | (b) | Reports on Form 8-K
      The Company filed a report on Report on Form 8-K, dated
        June 8, 2004 which reported on the change of the Companys auditors
        from N. I. Cameron, Inc., Chartered Accountants to Manning Elliott, Chartered
        Accountants.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act,
  the registrant caused this report to be signed on its behalf by the undersigned,
  thereunto duly authorized on June 18, 2004.

| | COVENTURE INTERNATIONAL INC.
| | ----------------------------
| |                             
| | By:                         
| |                             
| |                             
| |                             

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