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UNITIED STATES
  SECURITIES AND EXCHANGE COMMISSION  WASHINGTON, D.C. 20549


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FORM 10-QSB

|x | Quarterly Report pursuant to Section 13 or 15(d) of the
      Securities Exchange Act of 1934
|- | ---------------------------------------------------------------------------------------------
|  |                                                                                              
|  | For the six month period ended April 30, 2003.                                               
|  |                                                                                              
| ̈ | Transition Report pursuant to 13 or 15(d) of the Securities
      Exchange Act of 1934       
|  |                                                                                              
|  | For the transition period ______ to ______                                                   

Commission File Number __0-29431__

INFINEX VENTURES, INC.(Exact name of small Business Issuer as specified in its charter)

|Nevada                          |  | 52-2151795                       
|------------------------------- |  | ---------------------------------
|                                |  |                                  
|(State or other jurisdiction of |  | (IRS Employer Identification No.)
|incorporation or organization)  |  |                                  

|Suite 200 - 675 West Hastings
      Street |  |                     
|------------------------------------------ |  | --------------------
|Vancouver, British Columbia, Canada        |  | V6B 1N2             
|                                           |  |                     
|(Address of principal executive offices)   |  | (Postal or Zip Code)

|Issuers telephone number, including area
      code: |  | 604-682-8468
|----------------------------------------------------- |  | ------------
|                                                      |  |             

None(Former
  name, former address and former fiscal year, if changed since last report)

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 preceding 12 months (or for such shorter period that the issuer
  was required to file such reports), and (2) has been subject to such filing
  requirements for the past 90 days    Yes x     No ̈

State the number of shares outstanding of each
  of the issuers classes of common stock, as of the latest practicable date:
  5,353,500 Shares of $0.001 par value Common Stock outstanding as of April
  30, 2003.

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PART 1  FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying unaudited financial statements have been
  prepared in accordance with the instructions to Form 10-QSB and Item 310 (b)
  of Regulation S-B, and, therefore, do not include all information and footnotes
  necessary for a complete presentation of financial position, results of operations,
  cash flows, and stockholders equity in conformity with generally accepted
  accounting principles. In the opinion of management, all adjustments considered
  necessary for a fair presentation of the results of operations and financial
  position have been included and all such adjustments are of a normal recurring
  nature. Operating results for the six months ended April 30, 2003 are not necessarily
  indicative of the results that can be expected for the year ending October 31,
  2003.







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INFINEX VENTURES, INC.(An Exploration Stage Company)

FINANCIAL STATEMENTS

APRIL 30, 2003(Unaudited)
  (Stated in U.S. Dollars)







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INFINEX VENTURES, INC.(An Exploration Stage Company)

BALANCE SHEET(Unaudited)
  (Stated in U.S. Dollars)

|                                                            |   |          |   |   |            |  
|----------------------------------------------------------- | - | -------- | - | - | ---------- | -
|                                                            |   | APRIL 30 |   |   | OCTOBER 31 |  
|                                                            |   | 2003     |   |   | 2002       |  
|                                                            |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|ASSETS                                                      |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|Current                                                     |   |          |   |   |            |  
|Cash                                                        | $ | 314      |   | $ | 2,022      |  
|                                                            |   |          |   |   |            |  
|Mineral Property Interest(Note 4)                           |   | -        |   |   | -          |  
|                                                            |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|                                                            | $ | 314      |   | $ | 2,022      |  
|                                                            |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|LIABILITIES                                                 |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|Current                                                     |   |          |   |   |            |  
|Accounts payable                                            | $ | 19,150   |   | $ | 17,796     |  
|Loans payable                                               |   | 91,445   |   |   | 81,880     |  
|                                                            |   |          |   |   |            |  
|                                                            |   | 110,595  |   |   | 99,676     |  
|                                                            |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|SHAREHOLDERS EQUITY                                        |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|Share Capital                                               |   |          |   |   |            |  
|Authorized:                                                 |   |          |   |   |            |  
|75,000,000
      common shares, par value $0.001 per share  |   |          |   |   |            |  
|Issued and outstanding:                                     |   |          |   |   |            |  
|5,353,500
      common shares at April 30, 2003 and October |   |          |   |   |            |  
|31,
      2002                                              |   | 5,353    |   |   | 5,353      |  
|                                                            |   |          |   |   |            |  
|Deficit Accumulated During The Exploration Stage            |   | (115,634 | ) |   | (103,007   | )
|                                                            |   |          |   |   |            |  
|                                                            |   | (110,281 | ) |   | (97,654    | )
|                                                            |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|                                                            | $ | 314      |   | $ | 2,022      |  
|                                                            |   |          |   |   |            |  

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INFINEX VENTURES, INC.(An Exploration Stage Company)

STATEMENT OF LOSS AND DEFICIT(Unaudited)
  (Stated in U.S. Dollars)

|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|---------------------------------- | - | ------------------ | - | - | ---------------- | - | - | --------- | - | - | --------- | - | - | ----------- | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   | INCEPTION   | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   | DECEMBER 30 | 
|                                   |   | THREE MONTHS ENDED |   |   | SIX MONTHS ENDED |   |   | 1998 TO   |  
|                                   |   | APRIL 30           |   |   | APRIL 30         |   |   | APRIL 30  |  
|                                   |   | 2003               |   |   | 2002             |   |   | 2003      |   |   | 2002      |   |   | 2003        | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Expenses                           |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Bank charges                       | $ | 31                 |   | $ | 22               |   | $ | 86        |   | $ | 75        |   | $ | 427         | 
|Consulting                         |   | 1,000              |   |   | -                |   |   | 2,000     |   |   | -         |   |   | 4,500       | 
|Interest                           |   | 1,024              |   |   | 950              |   |   | 2,076     |   |   | 1,930     |   |   | 9,536       | 
|Office facilities and
      sundry |   | 1,210              |   |   | 658              |   |   | 6,607     |   |   | 658       |   |   | 22,597      | 
|Mineral property option            |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|payments
      and                 |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|exploration
      expenditures     |   | -                  |   |   | -                |   |   | -         |   |   | -         |   |   | 11,450      | 
|Professional fees                  |   | 770                |   |   | (800             | ) |   | 1,858     |   |   | 4,897     |   |   | 31,371      | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Net Loss For The Period            |   | 4,035              |   |   | 830              |   |   | 12,627    |   |   | 7,560     |   |   | 79,881      | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Deficit Accumulated During         |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|The Exploration Stage,             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Beginning Of Period                |   | 111,599            |   |   | 88,930           |   |   | 103,007   |   |   | 82,200    |   |   | -           | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Excess Of Consideration            |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Paid For Dollar Maker, Inc.        |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|In Excess Of Additional            |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Paid In Capital At The Date        |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Of The Transaction                 |   | -                  |   |   | -                |   |   | -         |   |   | -         |   |   | 35,753      | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Deficit Accumulated During         |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|The Exploration Stage, End         |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Of Period                          | $ | 115,634            |   | $ | 89,760           |   | $ | 115,634   |   | $ | 89,760    |   | $ | 115,634     | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Net Loss Per Share                 | $ | (0.001             | ) | $ | (0.001           | ) | $ | (0.002    | ) | $ | (0.001    | ) |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Weighted Average Number            |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Of Shares Outstanding              |   | 5,353,500          |   |   | 5,353,500        |   |   | 5,353,500 |   |   | 5,353,500 |   |   |             | 
|                                   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 

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INFINEX VENTURES, INC.(An Exploration Stage Company)

STATEMENT OF CASH FLOWS(Unaudited)
  (Stated in U.S. Dollars)

|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|-------------------------------------- | - | ------------------ | - | - | ---------------- | - | - | -------- | - | - | ------ | - | - | ----------- | -
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   | INCEPTION   |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   | DECEMBER 30 |  
|                                       |   | THREE MONTHS ENDED |   |   | SIX MONTHS ENDED |   |   | 1998 TO  |  
|                                       |   | APRIL 30           |   |   | APRIL 30         |   |   | APRIL 30 |  
|                                       |   | 2003               |   |   | 2002             |   |   | 2003     |   |   | 2002   |   |   | 2003        |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Cash Flows From Operating Activities   |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Net loss for the period                | $ | (4,035             | ) | $ | (830             | ) | $ | (12,627  | ) | $ | (7,560 | ) | $ | (79,881     | )
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Adjustments To Reconcile Net Loss To   |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Net Cash Used By Operating Activities  |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Stock issued for other
      than cash |   | -                  |   |   | -                |   |   | -        |   |   | -      |   |   | 250         |  
|Change in accounts
      payable       |   | (2,217             | ) |   | (172             | ) |   | 1,354    |   |   | 376    |   |   | 19,150      |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|                                       |   | (6,252             | ) |   | (1,002           | ) |   | (11,273  | ) |   | (7,184 | ) |   | (60,481     | )
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Cash Flows From Investing Activity     |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Investment in Dollar
      Maker, Inc. |   | -                  |   |   | -                |   |   | -        |   |   | -      |   |   | (45,000     | )
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Cash Flows From Financing Activities   |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Share capital issued                   |   | -                  |   |   | -                |   |   | -        |   |   | -      |   |   | 14,350      |  
|Loans payable                          |   | 5,049              |   |   | 500              |   |   | 9,565    |   |   | 6,700  |   |   | 91,445      |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|                                       |   | 5,049              |   |   | 500              |   |   | 9,565    |   |   | 6,700  |   |   | 105,795     |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Increase (Decrease) In Cash            |   | (1,203             | ) |   | (502             | ) |   | (1,708   | ) |   | (484   | ) |   | 314         |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Cash, Beginning Of Period              |   | 1,517              |   |   | 524              |   |   | 2,022    |   |   | 506    |   |   | -           |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  
|Cash, End Of Period                    | $ | 314                |   | $ | 22               |   | $ | 314      |   | $ | 22     |   | $ | 314         |  
|                                       |   |                    |   |   |                  |   |   |          |   |   |        |   |   |             |  

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INFINEX VENTURES, INC.(An Exploration Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2003(Unaudited)
  (Stated in U.S. Dollars)

|1. | BASIS OF PRESENTATION
      The unaudited financial statements as of April 30, 2003
        included herein have been prepared without audit pursuant to the rules
        and regulations of the Securities and Exchange Commission. Certain information
        and footnote disclosures normally included in financial statements prepared
        in accordance with United States generally accepted principles have been
        condensed or omitted pursuant to such rules and regulations. In the opinion
        of management, all adjustments (consisting of normal recurring accruals)
        considered necessary for a fair presentation have been included. It is
        suggested that these financial statements be read in conjunction with
        the October 31, 2002 audited financial statements and notes thereto.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2. | NATURE OF OPERATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

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INFINEX VENTURES, INC.(An Exploration Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2003(Unaudited)
  (Stated in U.S. Dollars)

|**3.** | SIGNIFICANT ACCOUNTING POLICIES
      The financial statements of the Company have been prepared
        in accordance with generally accepted accounting principles in the United
        States of America. Because a precise determination of many assets and
        liabilities is dependent upon future events, the preparation of financial
        statements for a period necessarily involves the use of estimates which
        have been made using careful judgement.
      The financial statements have, in managements
        opinion, been properly prepared within reasonable limits of materiality
        and within the framework of the significant accounting policies summarized
        below:
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|       | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|       | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|       | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

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INFINEX VENTURES, INC.(An Exploration Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2003 (Unaudited)
  (Stated in U.S. Dollars)

|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)                                                                                                                                                                                                                                                 
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                            
|   | d)                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                            
|   | e)                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                            
|4. | MINERAL PROPERTY INTEREST
      The Company has entered into an option agreement, as
        amended, to acquire a 100% interest, subject to a 2% net smelter royalty,
        in the Gossan 1 to 9 mining claims located in Blaine County, Idaho, for
        the following consideration:
|   |                                                                                                                                                                                                                                                                                            
|   | a)                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                            
|   | b)                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   | c)                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                            

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INFINEX VENTURES, INC.(An Exploration Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2003 (Unaudited)
  (Stated in U.S. Dollars)

|5. | LOANS PAYABLE
|-- | -------------

| |                                                         |   | APRIL 30 |  |   | OCTOBER 31 | 
| | ------------------------------------------------------- | - | -------- |  | - | ---------- | 
| |                                                         |   | 2003     |  |   | 2002       | 
| |                                                         |   |          |  |   |            | 
| |                                                         |   |          |  |   |            | 
| | Repayable on demand with interest at
      8% per annum | $ | 45,000   |  | $ | 45,000     | 
| | Repayable on demand without interest                    |   | 46,445   |  |   | 36,880     | 
| |                                                         |   |          |  |   |            | 
| |                                                         |   |          |  |   |            | 
| |                                                         | $ | 91,445   |  | $ | 81,880     | 
| |                                                         |   |          |  |   |            | 

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|6. | CONTINGENCY
      Mineral Property
      The Companys mineral property interest has been
        acquired pursuant to an option agreement. In order to retain its interest,
        the Company must satisfy the terms of the option agreement described in
        Note 4.                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|7. | ASSET PURCHASE AGREEMENT
      The Company entered into an Asset Purchase Agreement,
        as amended, with Nano World Projects Corporation to acquire patents and
        a 45% ownership interest in Nano World Projects Europe S.P.A., an Italian
        company, in consideration of the issuance of 2,200,000 common shares,
        and the agreement to pay a royalty in the amount of 3% of the gross revenue
        earned through the issue of the patents. The agreement requires completion
        of the transaction by March 31, 2003.
      During the quarter ended April 30, 2003, the Company
        decided not to conclude the acquisition.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|8. | SUBSEQUENT EVENT
      Subsequent to April 30, 2003, the Company entered into
        a License Agreement with Santa Clara 2000 SRL, an Italian company, to
        acquire patents in consideration of the issuance of 500,000 common shares,
        and the agreement to pay a royalty in the amount of 10% of the net revenue
        derived from the use of the patent rights.                                                                                                                                                                                                                                                                                 

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Item 2. Plan of Operation

The Company was organized as a Nevada corporation on December
  30, 1998 for the purpose of acquiring and exploring mineral properties. In 2002,
  the Company decided to abandon its business plan relating to its interest in
  the Long Canyon property.

Pursuant to an Asset Purchase Agreement dated August 20, 2002
  that the Company entered into with Nano World Projects Corporation (Nano
  World), a Delaware corporation, the Company agreed to acquire from Nano
  World a series of patents and related assets and rights relating to Nano Worlds
  dynamic thin laminar flow process. The Company agreed also to acquire a 45%
  interest in Nano Worlds Italian subsidiary, Nano World Projects Europe
  S.P.A. In consideration of these assets, the Company had agreed to issue to
  Nano World 2,200,000 shares of restricted common stock in its capital. As well,
  Nano World was to retain a royalty equal to 3% of the gross revenues that the
  Company was to earn through the use of the patents.

The Company has decided to not complete the acquisition of
  these assets and the series of relating patents from Nano World Projects Corporation.
  The Company has also decided to not proceed with the acquisition of the 45%
  of Nano Worlds Italian subsidiary.

Pursuant to an Exclusive License Agreement entered into on
  May 8, 2003 with Santa Carla 2000 SRL, an Italian corporation, the Company has
  agreed to purchase100%title and interest to a License of the world wide rights
  associated to a Nano Technology Italian Patent number AL2003A00000Z. This Patent
  relates to Tunnelling Magnetoresistance Structure and the Method of its Production.
  Pursuant to the terms of the License Agreement the Company has agreed to further
  develop the Patent Rights for commercial applications.

In consideration of the transfer of these rights the Company
  has agreed to issue, to Santa Carla 2000 SRl, 500,000 restricted shares in its
  capital stock. As well, the Company will pay 10% of any future Net Revenues
  that may be derived from sales resulting from the license of the Patent

The Company anticipates that additional funding will be required
  in the form of equity financing from the sale of its common stock. There is
  no assurance that the Company will be able to achieve additional sales of its
  common stock sufficient to fund the development of its nanotechnology patent
  rights. It does not have any arrangements in place for future equity financing.

The Company anticipates incurring approximately $32,800 for
  administrative expenses including accounting and audit costs ($9,000) legal
  fees ($7,000), rent and office costs ($6,000), computer costs ($1,800), telephone
  costs ($1,800) and general administrative costs ($7,200) over the next 12 months.

The Company is unable to estimate approximate costs for development
  and marketing of the nanotechnology assets it is acquiring until such time as
  it raises sufficient financing for operations and complete its acquisition of
  these assets.

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Forward-Looking Statements

This Form 10-QSB includes -" forward-looking statements" within
  the meaning of the "safe-harbor" provisions of the Private Securities Litigation
  Reform Act of 1995. Such statements are based on management's current expectations
  and are subject to a number of factors and uncertainties that could cause actual
  results to differ materially from those described in the forward-looking statements.

All statements other than historical facts included in this
  Form, including without limitation, statements under "Plan of Operation", regarding
  the Company's financial position, business strategy, and plans and objectives
  of management of the Company for the future operations, are forward-looking
  statements.

Although the Company believes that the expectations reflected
  in such forward-looking statements are reasonable, it can give no assurance
  that such expectations will prove to have been correct. Important factors that
  could cause actual results to differ materially from the Company's expectations
  include, but are not limited to, market conditions, competition and the ability
  to successfully complete financing.

PART II- OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not a party to any pending legal proceeding.
  Management is not aware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities

The Company did not issue any securities during the quarter
  ended January 31, 2003. Upon closing of its agreement with Nano World, the Company
  will be required to issue 2,200,000 shares of restricted common stock in its
  capital.

Item 3. Defaults Upon Senior Securities

> None.

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

> None.

Item 5. Other Information

> None.

Item 6. Exhibits and Report on Form 8-K

> None.

There were no reports filed on Form 8-K during the six month
  period ended April 30, 2003.

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SIGNATURES

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

|Infinex Ventures, Inc. 
|-----------------------
|                       
|/s/ Mario Aiello       
|                       
|Mario Aiello, President

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