UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


**Washington, D.C. 20549**





FORM 10-QSB





[X] QUARTERLY REPORT PURSUANT TO SECTION 13(d) OF THE


SECURITIES EXCHANGE ACT OF 1934





For the First Quarterly Period ended March 31, 2003





Commission File Number: 000-28429





GYK Ventures Inc.





(Exact name as specified in its company charter)





formerly





eWorld Travel Corp.




Nevada
68-0423301(Jurisdiction of Incorporation)
(I.R.S. Employer Identification No.)668 North Coast Highway #261, Laguna Beach CA 92651(Address of principal executive offices) (Zip Code)











Registrant's telephone number, including area code: (949) 487-7295 Extension 17





Securities registered pursuant to Section 12(b) of the Act: None





Securities registered pursuant to Section 12(g) of the Act: Common Stock





44,780,685 shares of our Common Stock were issued and outstanding as of March 31, 2003 .





Transitional Small Business Disclosure Format (check one): yes [  ] no [X]








PART I: FINANCIAL INFORMATION





Item 1. Financial Statements.





The financial statements, for the three months ended March 31, 2003, included herein have been prepared by the Company, without audit pursuant to the rules and regulations of the Securities and Exchange Commission.





Certain information and footnotes disclosure, normally included in financial statements prepared in accordance with generally accepted accounting principles, are often condensed or omitted, in unaudited quarterly reports, pursuant to regulations which allow such omissions.






Page 1





Item 2. Discussion and Analysis or Plan of Operation.
 
 ( a ) Plan of Operation. Our Plan of Operation is unchanged from our 2002 Annual Report. Because of market conditions we have not made substantial progress during this reporting quarter Management has determined that our business plan has failed, during 2002.
 
 Cash Requirements and of Need for additional funds: twelve months . We have no cash and certain minimal cash requirements for corporate maintenance, legal and professional and auditing expenses. Our cash requirements are unchanged from our previous Annual Report. We have no prospects for acquiring this minimal funding other than shareholder advances.
 
 Cautionary Statement: There can be no assurance that we will be successful in raising capital through private placements, business combinations or otherwise. Even if we are successful in raising capital through the sources specified, there can be no assurances that any such financing would be available in a timely manner or on terms acceptable to us and our current shareholders. Additional equity financing, merger or joint-venture could be dilutive to our then existing shareholders, and any debt financing could involve restrictive covenants with respect to future capital raising activities and other financial and operational matters. Even if we are successful in raising capital in a timely manner and on terms acceptable to us and our shareholders, there are innumerable risks of business failure that haunt the path to profitability. We may not prove competitive in our areas of focus. Funding may not prove adequate to see us through our development stage. We are virtually a start-up company with all of the risks which attend new ventures.
 
 ( b ) Discussion and Analysis of Financial Condition and Results of Operations . We have had no revenues for past fiscal years and the interim periods covered by this report.
 
 PART II: OTHER INFORMATION
 
    
 Item 1. Legal Proceedings. None
 
 Item 2. Changes in Securities. None.
 
 Item 3. Defaults on Senior Securities. None
 
 Item 4. Submission of Matters to Vote of Security Holders . None
 
 Item 5. Other Information . None.
 
 Item 6. Exhibits and Reports on Form 8-K.
 
 Form 8-K dated May 13, 2003 reported the resignation of one of our former officers/directors.
 
 Exhibit A: Certification(s) Pursuant to 18 USC Section 1350;
 
 Exhibit 99.1: Section 302










Change of Control. There are no arrangements known to us, including any pledge by any persons, of securities of this corporation, which may at a subsequent date result in a change of control of the Issuer.





Item 6. Exhibits and Reports on Form 8-K. Exhibit A: Certification(s) Pursuant to 18 USC Section 1350





SIGNATURES








Pursuant to the requirements of the Securities Exchange Act of 1934, this Form 10-QSB Report for the Quarter, three months and six months, ended March 31, 2003 has been signed below by the following person on behalf of the Registrant and in the capacity and on the date indicated.











Dated: June 13, 2003  GYK Ventures Inc.











by





/s/ J. Dan SiffordJ. Dan Sifford
Sole Officer Director















Page 2













**Exhibit A**




**CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906**
**OF THE SARBANES-OXLEY ACT OF 2002**







Page 3

















**CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906**


**OF THE SARBANES-OXLEY ACT OF 2002**





CERTIFICATION OF CHIEF FINANCIAL OFFICER





In connection with the Quarterly Report of GYK Ventures, Inc. , a Nevada corporation (the "Company"), on 10-QSB for the March 31, 2003 as filed with the Securities and Exchange Commission (the "Report"), I, Dan Sifford, Chief Financial Officer of the Company, certify, pursuant to 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350), that to my knowledge:





(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and





(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.





/s/ Dan Sifford


Dan Sifford


Chief Financial Officer


May 12, 2003








Page 5








Exhibit 99.1





Section 302










Page 4







CERTIFICATIONS Pursuant to Section 302






















































/s/Dan Sifford








Page 5




GYK Ventures, Inc.




(formerly eWorld Travel Corp.)


(a Development Stage Company)


BALANCE SHEETS




|                                                      |  |   | March 31    |   |   | December 31, |  
|----------------------------------------------------- |  | - | ----------- | - | - | ------------ | -
|                                                      |  |   | 2003        |   |   | 2002         |  
|                                                      |  |   |             |   |  
|                                                      |  |   | (Unaudited) |   |   |              |  
|ASSETS                                                |  |   |             |   |   |              |  
|                                                      |  |   |             |   |   |              |  
|CURRENT ASSETS                                        |  |   |             |   |   |              |  
|                                                      |  |   |             |   |   |              |  
|Cash                                                  |  | $ | 0           |   | $ | 0            |  
|                                                      |  |   |             |   |  
|                                                      |  |   |             |   |   |              |  
|TOTAL CURRENT ASSETS                                  |  |   | 0           |   |   | 0            |  
|                                                      |  |   |             |   |   |              |  
|TOTAL ASSETS                                          |  | $ | 0           |   | $ | 0            |  
|                                                      |  |   |             |   |   |              |  
|                                                      |  |   |             |   |   |              |  
|LIABILITIES & STOCKHOLDERS' EQUITY                    |  |   |             |   |   |              |  
|                                                      |  |   |             |   |   |              |  
|CURRENT LIABILITIES                                   |  |   |             |   |   |              |  
|                                                      |  |   |             |   |   |              |  
|Accounts payable                                      |  | $ | 1,369       |   | $ | 1,369        |  
|Accounts payable - related party                      |  |   | 7,500       |   |   | 7,500        |  
|Note payable - related party                          |  |   | 179,607     |   |   | 160,154      |  
|                                                      |  |   |             |   |  
|                                                      |  |   |             |   |   |              |  
|TOTAL LIABILITIES                                     |  |   | 188,476     |   |   | 169,023      |  
|                                                      |  |   |             |   |  
|                                                      |  |   |             |   |   |              |  
|STOCKHOLDERS' EQUITY                                  |  |   |             |   |   |              |  
|Common Stock, $.001 par value; authorized 100,000,000 |  |   |             |   |   |              |  
|shares; issued and outstanding, 44,780,685 and        |  |   |             |   |   |              |  
|24,780,536 shares respectively                        |  |   | 44,781      |   |   | 24,780       |  
|                                                      |  |   |             |   |   |              |  
|Additional Paid-In Capital                            |  |   | 1,598,104   |   |   | 1,218,105    |  
|                                                      |  |   |             |   |   |              |  
|Accumulated Equity (Deficit)                          |  |   | (1,831,361  | ) |   | (1,411,908   | )
|                                                      |  |   |             |   |  
|                                                      |  |   |             |   |   |              |  
|Total Stockholders' Equity                            |  |   | (188,476    | ) |   | (169,023     | )
|                                                      |  |   |             |   |  
|                                                      |  |   |             |   |   |              |  
|TOTAL LIABILITIES & STOCKHOLDERS' EQUITY              |  | $ | 0           |   | $ | 0            |  



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





Page 6




GYK Ventures, Inc.




(formerly eWorld Travel Corp.)


(a Development Stage Company)


STATEMENT OF LOSS AND ACCUMULATED (DEFICIT)


(Unaudited)





From
Inception onFrom January


From January


December 10,1, 2003 to


1, 2002 to


1998 throughMarch 31,


March 31,


March 31,2003


2002


2003$
0

$
0

$
0RevenuesGeneral and Administrative


419,453


25,280


1,828,502Net Loss from Operations


(419,453
)

(25,280
)

(1,828,502
)Loss on Investment


0


0


(12,108
)Gain on settlement of debt


0


0


9,249Net Income (Loss)

$
(419,453
)
$
(25,280
)
$
(1,831,361
)Loss per Share

$
(0.01
)
$
(0.02
)
$
(0.43
)Weighted AverageShares Outstanding


43,225,118


1,544,199


4,233,988




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






Page 7






GYK Ventures, Inc.
  (formerly eWorld Travel Corp.)
 (a Development Stage Company)
 STATEMENT OF CASH FLOW
 (Unaudited)
 FromInception onFrom January


From January


December 10,1, 2003 to


1, 2002 to


1998 throughMarch 31,


March 31,


March 31,2003


2002


2003Cash Flows fromOperating Activities:Net Income (Loss)
$
(419,453
)
$
(25,280
)
$
(1,831,361
)Stock issued for services

400,000


0


1,481,000Loss on sale of securities

0


0


12,108Loss on settlement of notes receivable

0


0


(9,249
)Incerase in payables

0


0


1,369Incerase in payables - related parties

19,453


25,280


106,953Net Cash from Operations

0


0


(239,180
)Cash Flows from Investing ActivitiesPayment for notes receivable

0


0


(3,351
)Proceeds on sale of securities

0


0


492Net Cash from Investing Activities

0


0


(2,859
)Cash Flows from Financing ActivitiesCapital contribution

0


0


1,400Issued common stock for cash

0


0


37,800Proceeds from officer

0


0


201,839Proceeds from subscription receivable

0


0


1,000Net Cash from Financing Activities

0


0


242,039Net Increase (Decrease) in cash

0


0


0Beginning Cash

0


6


0Cash as of Statement Date
$
0

$
6

$
0


Non-Cash Financing and Investing Transactions:
  In January 2000, a marketable security valued at $12,600 was received in exchange for a notes receivable of $3,351. The market value of the securities at December 31, 2000 is $415.
 
 In April 2001, the Company issued 3,000 shares of its common stock for services valued at $75,000.
 In May 2001, the Company issued 50,000 shares of its common stock to an officer of the Company for services valued at $50,000.
 In May 2001, the Company issued 7,000 shares of its common stock for services valued at $175,000.
  In May 2001, the Company issued 7,000 shares of its common stock for services valued at $175,000.
 In July 2001, the Company issued 10,000 shares of its common stock for services valued at $200,000.
 
 In December 2001, the Company issued 2,000,000 shares of its common stock to an officer of the Company for services valued at $20,000.

In December 2001, debt in the amount fo $41,685 was forgiven by officers of the Company.
 During January 2002, the Company issued 500,000 shares of previously authorized but unissued common stock for services rendered value at $125,000.
 
 During January 2002, the Company canceled 5,000 shares of common stock.
 During September 2002, the Company issued 400,000 shares of previously authorized but unissued common stock for reduction of debt valued at $80,000.
 
 During September 2002, the Company authorized a ten for one (10:1) reverse split of its common stock.
 
 In October 2002, the Company issued 21,800,000 shares of common stock at $0.02 per share for services revaluedduring the year at a total value of $436,000.
In January 2003, the Company issued 20,000,000 shares of common stock at $0.02 per share for services rendered.
 Page 8
 
      GYK Ventures, Inc.
 (formerly eWorld Travel Corp.)
 (A Development Stage Company)
 Notes to the Unaudited Financial Statements
 March 31, 2003
 
 
 
 
 NOTES TO FINANCIAL STATEMENTS
 
 GYK Ventures, Inc. ("the Company") has elected to omit substantially all footnotes to the financial statements for the period ended March 31, 2003, since there have been no material changes (other than indicated in other footnotes) to the information previously reported by the Company in their Annual Report filed on Form 10-KSB for the Fiscal year ended December 31, 2002.
 
 COMMON STOCK ISSUED FOR SERVICES RENDERED
 
 In January 2003, the Board of Directors and Shareholders of the Company approved an issuance of 20,000,000 shares of common stock in exchange for services rendered which were valued at $400,000 (or $.02 per share).
 
 UNAUDITED INFORMATION
 
 The information furnished herein was taken from the books and records of the Company without audit. However, such information reflects all adjustments which are, in the opinion of management, necessary to properly reflect the results of the period presented. The information presented is not necessarily indicative of the results from operations expected for the full fiscal year.
 
 
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