UNITED STATES
                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C. 20549
                             FORM 10-QSB
(Mark One)
[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
      SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30, 2000

Or

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

For the transition period from ____________ to _____________

Commission File Number:

               The Cyber Group Network Corporation
      (Exact name of registrant as specified in its charter)

            Nevada                          88-0407473
(State or other jurisdiction of  (I.R.S. Employer Identification
incorporation or organization)                 No.)

  897 Via Lata Drive, Colton,                 92324
          California                        (Zip Code)
(Address of principal executive
           offices)

                         (909) 208-2108
      (Registrant's telephone number, including area code)

Hollywood Entertainment    12400 Ventura      December 31, 1999
     Network, Inc.       Blvd., Suite #311  (Former fiscal year)
     (Former name)          Studio City,
                         California  91604
                          (Former address)

Indicate  by  check mark whether the registrant (1)  has  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 registrant was required  to  file
such  reports), and (2) has been subject to such filing requirements
for the past 90 days.
Yes [X] No [ ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING
                      THE PRECEDING FIVE YEARS:

Indicate  by  check  mark  whether  the  registrant  has  filed  all
documents  and reports required to be filed by Sections  12,  13  or
15(d)  of  the  Securities Exchange Act of 1934  subsequent  to  the
distribution of securities under a plan confirmed by a court.
Yes [ ] No [ ]

                APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate  the  number of shares outstanding of each of the  issuer's
classes  of  common  stock,  as  of  the  latest  practicable  date:
16,138,291

                 The Cyber Group Network Corporation
                    (A Development Stage Company)

                          Table of Contents
                                                               Page
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
Independent Auditors' Report                                   4
Balance Sheet June 30, 2000 and June 30, 1999                  5
Statement of Income for the Period ended June 30, 2000 and     6
the Period ended June 30, 1999
Statement of Cash Flows for the Three Month Period ended June  7
30, 2000 and the Three Month Period ended June 30, 1999
Statement of Stockholder's Equity for April 1, 2000 to June    8
30, 2000
Notes to Financial Statements                                  9
Item 2. Management's Discussion and Plan of Operation          12
PART II - OTHER INFORMATION
Item 6. Exhibits                                               13
SIGNATURES                                                     14








THE CYBER GROUP NETWORK CORPORATION
(A Development Stage Company)

Balance Sheets as of

JUNE 30, 2000 AND 1999


And
Statements of Income,
Stockholders' Equity, and
Cash Flows
For the quarters ended June 30, 2000 and 1999


WITH INDEPENDENT ACCOUNTANT'S REPORT





Prepared By:
Michael F. DeLuca
Certified Public Accountant








Michael F DeLuca
Certified Public Accountant


                   Accountant's Compilation Report


The Board of Directors
The Cyber Group Network Corporation
Colton, CA.

I  have  compiled the accompanying balance sheet of The Cyber  Group
Network  Corporation (a corporation) as of June 30, 2000  and  1999,
and  the related statements of income and retained earnings and cash
flows for the three months then ended, in accordance with Statements
on  Standards  for  Accounting and Review  Services  issued  by  the
American Institute of Certified Public Accountants.

A  compilation  is  limited to presenting in the form  of  financial
statements  information that is the representation of management.  I
have  not  audited or reviewed the accompanying financial statements
and,  accordingly, do not express an opinion or any  other  form  of
assurance on them.

The  accompanying  financial statements have been prepared  assuming
the company will continue as a going concern. As discussed in Note D
to  the financial statements, the company has had limited operations
and  has not established a long-term source of revenue. This  raises
substantial doubt about its ability to continue as a going  concern.
Management's plans in regard to these matters are also described  in
Note D. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty.





/S/ Michael F DeLuca, CPA

August 15, 2000
Yorba Linda, California




 (714) 692-8206 * 23001 E. La Palma Avenue Suite 220A  Yorba Linda,
                   CA. 92887 * Fax (714) 692-3054



                 THE CYBER GROUP NETWORK CORPORATION
                            BALANCE SHEET
                       JUNE 30, 2000 and 1999

ASSETS
                       2000                   1999
Current Assets
Cash in bank           $ 104,710              235
Other receivables      7,000
                       111,710
Property and
Equipment, at cost
Equipment and          169,883                27,000
furniture
Less accumulated       ( 3,153)               (  2,700)
depreciation
                       166,730                24,300
Other Assets
Movie rights                                  193,022
Goodwill                                      301,000
Less accumulated       (627)                  -0-
amortization
Total Other Assets     300,373                193,022

Total Assets           $578,813               $217,557

                       LIABILITIES AND CAPITAL

Liabilities
Current Liabilities
Accrued expenses                             $   24,319   $
                                                          2,500
Long-term liabilities
Bonds payable                                304,444
Less unamortized discount                    (30,444)
                                             274,000
                                             298,319
Stockholders' Equity
Additional paid in capital                   734,806      230,498
Common stock - shares authorized 25,000,000; 5,363        3,702
shares issued and outstanding 16,138,291
Deficit accumulated during development stage (459,675)    (
                                                          19,143)
Total Stockholders' Equity                   280,494      215,057

Total liabilities and stockholders' equity   $578,813     $217,557

                    The accompanying notes are an
                   integral part of this statement



                 THE CYBER GROUP NETWORK CORPORATION
              STATEMENT OF INCOME AND RETAINED EARNINGS
                       FOR THE QUARTERS ENDED
                       JUNE 30, 2000 and 1999

                        For the three months   For the three months
                               ended                  ended
                           June 30, 2000          June 30, 1999
Revenue
                                -0-                    -0-

Operating Expenses
Marketing                      17,607
Legal and accounting            500
Depreciation                   3,780                  1,350
Other operating                20,835                   23
expenses
Research and                  393,809                  -0-
development

Total Operating               436,531                 1,373
Expenses

Net Loss                   (    436,531)            (   1,373)

Beginning Retained         (      23,144)          (   17,770)
Deficit

Deficit accumulated
during
development stage          $(   459,675)           $(  19,143)


Loss per share:
Basic                       $     .0556           $        .0004
Diluted                     $     .0327           $        .0004


Weighted Average
number of
Shares outstanding
Basic                        7,847,430              3,702,000
Diluted                      13,327,430

                    The accompanying notes are an
                   integral part of this statement



                 THE CYBER GROUP NETWORK CORPORATION
                CONSOLIDATED STATEMENT OF CASH FLOWS



                                For the three       For the three
                                   months              months
                                    ended               ended
                                June 30, 2000       June 30, 1999
Operating Activities:
Net loss                          (436,531)          (    1,373)
Depreciation                        3,780               1,350
Change in accounts payable         21,219
Change in receivables            (   7,000)              -0-
Net cash used by Operating        (418,532)         (         23)
Activities

Cash Flows from Investing
Activities:
Investment in goodwill -          (301,000)
acquisition
Investment in property and        (169,883)
equipment
                                  (470,883)
Cash Flows from Financing
Activities:
Issuance of common stock for       423,700
property
Issuance of common stock           296,425
conversion of debt
Issuance of convertible            274,000
bonds
                                   994,115
Net Increase (Decrease) in         104,700          (         23)
Cash
Cash at beginning of period          10                  258
Cash at End of period             $104,710          $         235

Supplemental disclosures:

Interest paid                    $       -0-        $        -0-
Income taxes paid                $       -0-        $        -0-




                    The accompanying notes are an
                   integral part of this statement



                 THE CYBER GROUP NETWORK CORPORATION
                  STATEMENT OF STOCKHOLDERS' EQUITY

                 From April 1, 2000 to June 30, 2000

                                                           Deficit
                                                         Accumulated
                                                           During
                     Paid in                            Development
                                      Common Stock
                     Capital      Shares       Amount       Stage

 Balances at
 April 1, 2000      $230,498     3,702,000   $    3,702    (23,144)

 Stock split                     7,404,000

 Stock issuance      423,205     1,500,000      495
 for property
 Stock issuance
 for
 Conversion of       295,259     3,532,291     1,166
 bonds

 Liquidating
 property
 Dividends          (214,156)

 Net loss              -0-          -0-         -0-       (436,531)

 Balances at
 June 30, 2000      $734,806    16,138,291  $     5,363       $
                                                          (459,675)

                    The accompanying notes are an
                   integral part of this statement



                 THE CYBER GROUP NETWORK CORPORATION
                    NOTES TO FINANCIAL STATEMENTS
                            JUNE 30, 2000


 Note A - Summary Of Significant Accounting Policies

  The Cyber Group Network Corporation (the "Company"), incorporated
  on September 24, 1998 as Hollywood Entertainment Network, Inc., is
  a development stage company with a principal business objective to
  operate as a developer of computer security technology, internet
  access devices and other internet and communication investments.
  Because the Company is considered a development stage company the
  accompanying financial statements are presented in accordance with
  SFAS 7 for development stage companies.

     On September 25, 1998, two (2) founding shareholders purchased
     three million five hundred thousand (3,500,000) shares of the
     Company's authorized treasury stock in exchange for certain
     assets contributed to the corporation as disclosed in Note B
     Related Party Transactions.

  In  December  of  1998, the Company completed an offering  of  two
  hundred two thousand (202,000) shares of the Common Stock  of  the
  Company    to    approximately   fifty-three   (53)   unaffiliated
  shareholders.   This  offering  was  made  in  reliance  upon   an
  exemption from the registration provisions of Section 4(2) of  the
  Securities Act of 1933, as amended, pursuant to Regulation D, Rule
  504 of the Act.

     On May 10, 2000 the Company issued a three for one stock split.

  On  May 23, 2000 The Cyber Group Network, Inc. purchased 89.1%  of
  the   company's        outstanding  common  stock  for   $295,000.
  Subsequently, The Cyber Group Network, Inc.  was merged  into  the
  Company.  The Company then changed its name to The Cyber     Group
  Network Corporation.

     A summary of the Company's significant accounting policies
     consistently applied in the preparation of the accompanying
     consolidated financial statements follows:

  Property and Equipment - Depreciation on property and equipment is
  provided  by charges to income using the straightline method  over
  the  estimated  life of the respective assets,  ranging  generally
  from  5  to  7  years. Amortization of leasehold  improvements  is
  provided over the life of the respective leasehold.

  Income  Taxes  - Timing differences in reporting transactions  for
  financial  and tax purposes result in the recognition of  deferred
  income taxes.

  Cash  and  Cash Equivalents - For the purpose of the statement  of
  cash  flows,  the  Company considers all cash and certificates  of
  deposit  with an original maturity of months or less  to  be  cash
  equivalents.


                 THE CYBER GROUP NETWORK CORPORATION
                    NOTES TO FINANCIAL STATEMENTS
                            JUNE 30, 2000

Note A - Summary Of Significant Accounting Policies(continued)

  Advertising  - The company accounts for its advertising  costs  as
  nondirect response advertising. Accordingly, advertising costs are
  expensed ad incurred.

  Earnings Per Share - The company computes earnings per share using
  the weighted average number of shares of common stock outstanding.

  Dividends  - The company has not yet adopted any policy  regarding
  the payment of dividends.

  Use  of  Estimates  - Management of the company has  made  certain
  estimates and assumptions relating to the reporting of assets  and
  liabilities   and   the  disclosure  of  contingent   assets   and
  liabilities  to prepare these financial statements  in  accordance
  with  generally  accepted  accounting principles.  Actual  results
  could differ from these estimates.

  Start-Up  Costs  - The company has accounted for certain  start-up
  costs  such  as Website design, accounting, etc. as  expenses  per
  Statement of Position 98-5.


Note B - Property And Equipment

     Property  and equipment is stated at cost and consists  of  the
     following:
                           2000                 1999
     Equipment  and        $169,883             $27,000
     furniture
     Accumulated           3,153                2,700
     depreciation
                           $166,730             $24,300


                 THE CYBER GROUP NETWORK CORPORATION
                    NOTES TO FINANCIAL STATEMENTS
                            JUNE 30, 2000

Note C - Common Stock

     The company is authorized to issue 25,000,000 of common stock
     having a par value of $.001. The par value was adjusted to
     $.00033 upon the three for one stock split on May 10, 2000.

  On  November  21,  1998  the company conducted  a  limited  public
  offering of common stock pursuant to Regulation D, Rule 504 of the
  Securities  Act of 1933 and sold 202,000 shares of its  $.001  Par
  value common stock for cash of $20,200.00.

  As  part  of the business combination 1,500,000 shares  of  common
  stock  were issued to the shareholders of The Cyber Group  Network
  Corporation in exchange for the company's assets.

Note D - Going Concern

  The   company's  financial  statements  are  prepared  using   the
  generally  accepted accounting principles applicable  to  a  going
  concern,   which  contemplates  the  realization  of  assets   and
  liquidation  of  liabilities  in the normal  course  of  business.
  However,  the company has had limited sources of revenue.  Without
  realization  of additional capital, it would be unlikely  for  the
  company to continue as a going concern. It is management's plan to
  seek to raise additional capital via a private placement of funds.

Note E - Financing

    On May 23, 2000 the company authorized $1,000,000 face amount of
8% Senior                      Subordinated Convertible Redeemable
Debentures for $900,000. The debentures are due May 23, 2002. They
are convertible into common stock of the Company at 75% of the
market price of the stock at any time prior to maturity.

    At June 30, 2000 $583,000 face of the debentures had been issued
and  $251,000  face of the       debentures had been converted  into
3,532,291 common shares at an average price of $.075 per share.


Item 2. Management's Discussion and Plan of Operation

General

The  Cyber  Group Network Corporation ("CGPN" or the  "Company"),  a
Nevada  corporation,  incorporated  on  September  24,  1998,  is  a
developmental  stage  technology company  whose  principal  business
objectives  are  to  provide  computer security  technology,  patent
public  internet access devices and complete acquisitions  of  other
internet  and communications companies.  This phase of the Company's
operations  began  with  the acquisition of the  previous  company's
ownership that occurred on May 23, 2000.

The  mission  of  CGPN  is  to create, develop  and  invest  in  new
innovative technological concepts, which will enhance the  Company's
core  business,  computer  security;  and  bring  diversity  to  the
Company's internet and communications focus.   CGPN employs a  staff
of   professionals  experienced  in  communications  technology  and
computer security resources that will invest their energy and CGPN's
capital to achieve these goals.

Results of Operations

The  Company  is  a developmental stage company which  to  date  has
generated  no  revenues.   Although CGPN  has  a  limited  operating
history, activities to date have been primarily designed to  further
our  principal business objectives as stated above.  As of June  30,
2000,  the  Company  has developed a business  plan,  recruited  and
retained  a management team and raised capital via an offering  made
in  reliance  upon an exemption from the registration provisions  of
the   Securities  Act  of  1933,  as  amended,  in  accordance  with
Regulation D, Rule 504.   Capital obtained through this offering has
been  used  for the purposes of research and development, marketing,
and to cover other operating expenses incurred by the Company.

CGPN  is  currently marketing the "Hi-Tech Hustler" research compact
disk.   This  product  will demonstrate the Company's  technological
edge  and  assist  in  the marketing of its cyber  crime  prevention
techniques.   The  CD  gives a preview of the innovative  encryption
technologies,  firewall  penetration testing,  service  denials  and
preventative  sequence number attacks that CGPN will employ.   Also,
the    Company   has   developed   a   meta-search   engine   called
"BigTarget.com"  that  will  provide a simplistic,  easy-to-use  and
comprehensive way of obtaining highly relevant research results. The
Company plans to generate revenue through leveraging page views in a
banner   advertising  marketing  campaign.  In  addition,  ecommerce
applications  will be added such that cyber customers  can  purchase
products  over  this  website from CGPN's own  proprietary  line  of
software.

Future Business

Due to technological advancements and an increase in computer usage,
demands  for  better  security systems have  become  a  concern  for
consumers,  organizations and agencies.   The  Cyber  Group  Network
Corporation  is  in  the process of designing  a  computer  security
devise  that  locates missing or stolen computers and other  devices
globally  within  5  feet of their location.   The  devise  will  be
distributed under CyberCrime Corporation a subsidiary of  The  Cyber
Group  network  Corporation.   This is  one  of  many  products  and
services  that  the  Company will launch in the  coming  year.   The
Company  will actively seek out possible acquisitions of technology-
based companies to ensure future growth.

Liquidity and Capital Resources


To  date,  the  Company  formerly known as "Hollywood  Entertainment
Network, Inc." has attained cash from offerings of its common stock.
On  September 25, 1998, the Company issued 3,500,000 shares  of  its
$0.001  par value common shares for cash of $3,500.  On December  4,
1998, the Company issued 202,000 shares of its common stock pursuant
to Regulation D, Rule 504 of the Securities Act of 1933, as amended,
whereby  the  Company raised cash of $20,200.  On May 10,  2000  the
Company  issued  a  3  for 1 stock split. As part  of  the  business
combination  1,500,000  shares  of  common  stock  were  issued   to
shareholders of The Cyber Group Network Corporation in exchange  for
the  Company's  assets.  On  May 23, 2000,  the  company  authorized
$1,000,000   face  amount  of  8%  Senior  Subordinated  Convertible
Redeemable Debentures for $900,000. The debentures are due  May  23,
2002.  They are convertible into common stock of the Company at  75%
of  the market price of the stock at any time prior to maturity.  At
June  30, 2000, $583,000 face of the debentures had been issued  and
$251,000  face  of the debentures had been converted into  3,532,291
common shares at an average price of $.075 per share.

Without  raising additional capital, the Company may not be able  to
acquire  additional companies that may enhance  the  growth  of  the
Company.  Furthermore, development of additional technologies  could
be  suffered by the lack of capital subject to the limited available
cash  flow.   Accordingly, in order for the Company to  achieve  its
business  objectives and achieve profitable operations, it  will  be
necessary  to  generate additional cash flow from operations,  raise
additional   capital  or  enter  into  joint  venture  arrangements.
Management  intends to fund future acquisitions from operations,  as
well  as  borrowings, public and private sales of  debt  and  equity
securities, among other possible sources. The Company has no present
arrangements for future borrowings and its cash flow from operations
may  not be adequate to provide the funds needed for these purposes.
There  can  be  no  assurance the Company  will  be  able  to  raise
additional  funds  in  sufficient amounts to allow  the  Company  to
successfully implement its present business strategy or acquisitions
or  the development of its existing or future products. No assurance
can  be  given  as  to the availability or terms of  any  additional
financing  or joint development arrangements or that such  terms  as
are  available may not be dilutive to the interest of the  Company's
shareholders.

                     PART II - OTHER INFORMATION
                          Item 6. Exhibits
Exhibit Name and/or Identification of Exhibit
Number

  3     Articles of Incorporation & By-Laws

               (a)Articles of Incorporation of the Company filed
               September 24, 1998.  Incorporated by reference to the
               exhibits to the Company's General Form For Registration Of
               Securities Of Small Business Issuers on Form 10-SB,
               previously filed with the Commission.

               (b)By-Laws of the Company adopted September 25, 1998.
               Incorporated by reference to the exhibits to the Company's
               General Form For Registration Of Securities Of Small
               Business Issuers on Form 10-SB, previously filed with the
               Commission.

  13    Annual or Quarterly Reports

               (a) Form 10-QSB for the Quarter ended March 31, 2000.
               Incorporated by reference to the Company's Quarterly
               Report for Small Business Issuers on Form 10-QSB,
               previously filed with the Commission.

  23    Consent of Experts and Counsel

               Consents of independent public accountants

  27    Financial Data Schedule

               Financial Data Schedule of ALD Services, Inc. ending June
               30, 2000

                             SIGNATURES

Pursuant to the requirements of the Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                 The Cyber Group Network Corporation
                            (Registrant)

Date: August 17, 2000

By:/s/ Anthony Miller

     Anthony Miller, President