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: September 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.)

720 E. Carnegie Dr., Suite 200,               92408
  San Bernardino, California                (Zip Code)
(Address of principal executive
           offices)

                         (909) 890-9769
      (Registrant's telephone number, including area code)

          897 Via Lata Drive, Colton, California  92324
 (Former name, former address and former fiscal year, if changed
                       since last report)

   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:

                             34,266,487


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                 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 as of September 30, 2000 and 1999                    5

Statement of Income and Retained Earnings for the Nine Months      6
Ended September 30, 2000 and 1999

Consolidated Statement of Cash Flows for the Nine Months           7
Ended September 30, 2000 and 1999

Statement of Stockholder's Equity From July 1, 2000 to             8
September 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




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                 THE CYBER GROUP NETWORK CORPORATION
                    (A Development Stage Company)

                        Balance Sheets as of

                     SEPTEMBER 30, 2000 AND 1999


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


                WITH INDEPENDENT ACCOUNTANT'S REPORT






                            Prepared By:
                          Michael F. DeLuca
                     Certified Public Accountant



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                          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 September  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

October 26, 2000
Yorba Linda, California





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


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

                               ASSETS
                              --------
                                                 2000       1999
     Current Assets                            ------     ------
     Cash in bank                             $82,275       $210
     Other receivables                          8,490        -0-
     Prepaid expenses                          66,035        -0-
                                               ------     ------
                                              156,800        210
     Property and Equipment, at cost
     Equipment and furniture                  250,782     27,000
     Less accumulated depreciation            (8,270)    (3,600)
                                               ------     ------
                                              242,512     23,400
     Other Assets
     Movie rights                                 -0-    193,022
     Goodwill                                 301,000        -0-
     Less accumulated amortization            (1,254)        -0-
                                               ------     ------
     Total Other Assets                       299,746    193,022
                                               ------     ------
     Total Assets                            $699,058   $216,632
                                               ======     ======


                       LIABILITIES AND CAPITAL
                      -------------------------
     Liabilities
     Current Liabilities
     Accrued expenses                         $10,326     $2,500

     Stockholders' Equity
     Additional paid in capital             1,492,624    230,498

     Common stock  -  shares authorized
     50,000,000;
     shares issued and outstanding             11,345      3,702
     34,266,487

     Deficit accumulated during             (815,237)  ( 20,068)
     development stage                        -------    -------
     Total Stockholders' Equity               688,732    214,132
                                              -------    -------
     Total  liabilities  and  stockholders'  $699,058   $216,632
     equity                                   =======    =======




                    The accompanying notes are an
                   integral part of this statement


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

                                          For the nine    For the
                                          months ended  nine months
                                          September 30,    ended
                                              2000       September
                                                         30, 1999
                                          -------------  ----------


     Revenue                                     $6,325        $-0-

     Operating Expenses
        Marketing                                49,846         -0-
        Interest expense                         45,000         -0-
        Legal and accounting                     38,255         -0-
        Depreciation                              5,744         900
        Other operating expenses                 18,914          25
        Research and development                204,128         -0-
                                               --------     -------
        Total Operating Expenses                361,887         925
                                               --------     -------
     Net Loss                                 (355,562)       (925)

     Beginning Retained Deficit               (459,675)    (19,143)
                                               --------     -------
     Deficit accumulated during              $(815,237)   $(20,068)
     Development stage                         ========     =======


     Loss per share:
        Basic                                    $.0153      $.0002
        Diluted                                  $.0104      $.0002


     Weighted Average number of
     Shares outstanding
        Basic                                73,244,216   3,702,000
        Diluted                              34,266,487   3,702,000




                    The accompanying notes are an
                   integral part of this statement


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                 THE CYBER GROUP NETWORK CORPORATION
                CONSOLIDATED STATEMENT OF CASH FLOWS

                                          For the nine   For the nine
                                          months Ended   months Ended
                                          September 30,  September 30,
                                              2000           1999
                                          ------------   -------------
Operating Activities:
Net loss                                     $(355,562)           $925

Depreciation                                      5,744            900
Change in accounts payable                     (13,993)            -0-
Change in receivables                           (1,490)            -0-
Change in prepaid expenses                     (66,035)            -0-
                                              ---------       --------
Net cash used by Operating Activities         (431,336)           (25)

Cash Flows from Investing Activities:
Investment in property and equipment           (80,899)            -0-
                                              ---------
Cash Flows from Financing Activities:
Issuance of common stock conversion of          763,800            -0-
debt
Conversion of bonds                           (274,000)            -0-
                                              ---------       --------
                                                489,800            -0-
                                              ---------
Net Increase (Decrease) in Cash                (22,435)           (25)
Cash at beginning of period                     104,710            235
Cash at End of period                         ---------       --------
                                                $82,275           $210
                                              =========       ========
Supplemental disclosures:

Interest paid                                   $45,000           $-0-
                                              =========       ========
Income taxes paid                                  $-0-           $-0-
                                              =========       ========



                    The accompanying notes are an
                   integral part of this statement


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                 THE CYBER GROUP NETWORK CORPORATION
                  STATEMENT OF STOCKHOLDERS' EQUITY
               From July 1, 2000 to September 30, 2000

                                                           Deficit
                                                         Accumulated
                                                           During
                                                         Development
                     Paid in          Common Stock          Stage
                     Capital       Shares        Amount
                     --------     --------     ---------  ----------
Balances at
July 1, 2000         $734,806    16,138,291      $5,363   $(459,675)

Stock issuance
for
Conversion of
bonds
                      757,818    18,128,196       5,982          -0-


Net loss                  -0-           -0-         -0-    (355,562)
                     --------     ---------     --------   ---------
Balances at
September 30,
2000
                   $1,492,624    34,266,487     $11,345   $(815,237)
                    =========    ==========     ========  ==========


                    The accompanying notes are an
                   integral part of this statement


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                 THE CYBER GROUP NETWORK CORPORATION
                    NOTES TO FINANCIAL STATEMENTS
                         SEPTEMBER 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.


/9/


                 THE CYBER GROUP NETWORK CORPORATION
                    NOTES TO FINANCIAL STATEMENTS
                         SEPTEMBER 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             $250,782            $27,000
     furniture

     Accumulated                 (8,270)            (3,600)
     depreciation
                                $242,512            $23,400
                                ========            =======


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

Note C   Common Stock

The  company  is authorized to issue 50,000,000 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  September  30,  2000  all  debentures  had  been  issued  and
converted into common stock. For the quarter ended September  30,
2000,  $749,000  face of the debentures had been  converted  into
18,128,196 common shares at an average price of $.041 per share.


/11/



         Item 2. Management's Discussion and Plan of Operation

Forward Looking Statements

Some  of  the statements contained in this Form 10-QSB that are  not
historical  facts  are  "forward-looking statements".  They  can  be
identified   by   the  use  of  terminology  such  as   "estimates,"
"projects,"    "plans,"   "believes,"   "expects,"    "anticipates,"
"intends," or the negative or other variations, or by discussions of
strategy  that  involve  risks  and uncertainties.   These  forward-
looking  statements  reflect our current  beliefs  with  respect  to
future events and involve known and unknown risks, uncertainties and
other  factors  affecting our operations, market  growth,  services,
products  and  licenses.  No assurances can be given  regarding  the
achievement  of  future  results,  as  actual  results  may   differ
materially  as a result of the risks we face, and actual events  may
differ from the assumptions underlying the statements that have been
made regarding anticipated events.

General

The  Cyber  Group Network Corporation ("CGPN" or the  "Company"),  a
Nevada corporation, was incorporated on September 24, 1998.  We  are
a  Computer  Security Company that is focused on  developing  Public
Patented  Internet  Devices  that  address  the  issue  of  Internet
Security. Additionally, we plan to use newly acquired technology  to
enter the Financial Services industry.  CGPN is in the infancy of an
exciting  business platform.  Our initial focus has been  to  invest
our limited resources into development of need-based products within
the high technology and financial services sectors.

Results of Operations

CGPN  recorded earnings of $6,325 in the third quarter.  During this
quarter the Company had only one product ready for distribution, The
Hi-Tech Hustler Research CD.  We attempted to sell this product on a
consignment basis and over the Internet for one month, but were  not
successful.  We  altered our marketing approach by  shipping  19,000
CD's  on  a seven-day free trail basis.  After the seventh day,  the
consumer  would have to register the CD and pay $69.95 to receive  a
completed  version  along with free upgrades.   Unfortunately,  this
product never found its niche in the marketplace and failed to bring
in the type of sales we had estimated.

The  company  has made several investments in the third  quarter  to
help  generate revenues in the upcoming quarters.  We  completed  an
acquisition  of  a  Community Banking  program,  which  led  to  the
development  of the Cyber Group ATM card.  CGPN's premier  ATM  card
will   be  marketed  to  individuals  who  do  not  currently   have
traditional banking relationships, but are desirous of obtaining  an
FDIC approved ATM card.  This card may be used at any ATM machine in
the  United  States  or Mexico that carries  a  Star,  EP,  Plus  or
Interlink symbol. Also, the final development stages of our C-4 chip
technology are complete.  This "C-4 Chip" can be utilized to provide
for  the  global  location within a few feet of missing  and  stolen
computers or devices.  It is designed to work whether the device  is
stationary  or in transit.  A 24-hour a day, seven day a week  toll-
free  number will be available in more than 20 countries  to  report
stolen  or  misplaced computers. These two products alone we  expect
our  fourth  quarter to produce substantially greater revenues  than
the previous quarter.

Future Business

We  have a wide range of products and services that have been in the
development stages for the past quarter.  A number of these products
have  been completed and are now ready to be marketed next  quarter.
Examples   of   which  can  be  found  on  our  Company   web   site
www.thecybergroup.net.  We are transforming ourselves into a market-
driven organization.  Our expectation is that we have researched and
developed products that customer's value and our willing to pay for.
We will be adding additional skill-sets to assist with the execution
and  measurement  of our strategy and results.  We  do  expect  some
personnel  adjustments  as  part  of  our  evolution;  however,   no
decisions regarding this issue have been made to date.

Our  goal  is  to  transition from a start-up organization  that  is
dependent  on  investor  financing to  a  self-sufficient,  revenue-
generating   company  capable  of  exceeding  our   customers'   and
shareholders' expectations.  Many of our product offerings have laws
and regulations that govern their use and protect consumers.  It  is
unclear  what, if any, impact they will have on our current  product
line.   We  are committed to staying compliant with all governmental
and  regulatory  agencies and plan to adhere to the  highest  legal,
moral and ethical standards.

Liquidity and Capital Resources

The  $900,000 received from the issuance of debentures  on  May  23,
2000,  as stated in "Note E - Financing" to the financial statements
of  September 30, 2000, will allow us to operate as a going  concern
for approximately six months.  Therefore, we are aggressively moving
our  fee-based  products into the marketplace.  Our  expectation  is
that  these  products will begin to generate increased revenues  and
move  us  quickly towards profitability.  However,  even  with  this
revenue  flow,  the  need  may  arise  for  additional  funding  for
expansion,  the launching of new or expanded products  and/or  other
product  development  projects.  Should this need  occur,  we  would
consider  borrowing  funds, private placement, and/or  reducing  our
overhead to accommodate such a requirement.


/12/


                   .
                   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 June 30, 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

               Consent of Independent Public Accountant

  27    Financial Data Schedule

               Financial Data Schedule of The Cyber Group Network
               Corporation ending September 30, 2000


/13/



                             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: November 2, 2000

By:/s/ Leah M. Cunningham

Leah M. Cunningham, Director


/14/