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, 2001

                                       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                                            33-0901534
(State or other jurisdiction of                           (I.R.S. Employer
incorporation of origination)                           Identification Number)



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


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


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 INVLOVED IN BANKRUPTCY PROCEEDINGS
                                     DURING
                            THE PRECEDING FIVE YEARS:

Indicate  by  check  mark  whether  the  registrant  has filed all documents and
reports  required  to  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 issuer's classes of common
              stock, as of the latest practicable date: 86,853,144


                                        1
<PAGE>
                      THE CYBER GROUP NETWORK CORPORATION
                                  AND SUBSIDARY
                          (DEVELOPMENT STAGE COMPANIES)
                        CONSOLIDATED FINANCIAL STATEMENTS
                       AS OF JUNE 30, 2001(UNAUDITED) AND
                        DECEMBER 31, 2000 FOR THE THREE
                              AND SIX MONTHS ENDED
                       JUNE 30, 2001 AND 2000 (UNAUDITED)




                                             THE CYBER GROUP NETWORK CORPORATION
                                                                  AND SUBSIDIARY
                                                   (DEVELOPMENT STAGE COMPANIES)
                                                                        CONTENTS
                                (DECEMBER 31, 2000 AND JUNE 30, 2001 (UNAUDITED)
================================================================================

CONSOLIDATED FINANCIAL STATEMENTS                              Page

Consolidated Balance Sheets                                    3 - 4

Consolidated Statements of Operations                          5

Consolidated Statements of Cash Flows                          6 - 7

Notes to Consolidated Financial Statements                     8 - 10


                                        2
<PAGE>
<TABLE>
<CAPTION>
                                 THE CYBER GROUP NETWORK CORPORATION AND SUBSIDIARY
                                                      (DEVELOPMENT STAGE COMPANIES)
                                                        CONSOLIDATED BALANCE SHEETS
                                    DECEMBER 31, 2000 AND JUNE 30, 2001 (UNAUDITED)


                                                          JUNE 30,    DECEMBER 31,
                                                            2001          2000
                                                         -----------  -------------
                           ASSETS                        (unaudited)
<S>                                                      <C>          <C>
CURRENT ASSETS
  CASH                                                       23,083         48,549
                                                              1,640
  ACCOUNTS RECEIVABLE                                       177,700          1,640

  PREPAID EXPENSES
  INVENTORY                                                   1,670              -
  RECEIVABLE FROM RELATED PARTY                               9,250          9,250
  RECEIVABLE FROM OFFICER                                    24,217              -
                                                         -----------  -------------
    TOTAL CURRENT ASSETS                                    237,560         59,439


PROPERTY AND EQUIPMENT, NET                                  86,557         94,685
LICENSE RIGHTS, NET                                          56,391         68,056
DEPOSIT                                                       2,776          2,776
                                                         -----------  -------------
      TOTAL ASSETS                                          383,284        224,956
                                                         ===========  =============

            LIABILITIES AND SHAREHOLDERS' DEFICIT

CURRENT LIABILITIES
  ACCOUNTS PAYABLE                                          269,650        176,181
  ACCRUED EXPENSES                                           77,535          9,722
  LOAN PAYABLE                                              163,500              -
  PAYABLE TO RELATED PARTY                                   52,210         52,210
  PAYABLE TO OFFICER                                              -         13,994
                                                         -----------  -------------
    TOTAL CURRENT LIABILITIES                               562,895        252,107

CONVERTIBLE REDEEMABLE DEBENTURES                                 -        169,415

                                                         -----------  -------------
      TOTAL LIABILITIES                                     562,895        421,522
                                                         -----------  -------------

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' DEFICIT


                                        3
<PAGE>
  PREFERRED STOCK, $0.001 PAR VALUE
      20,000,000 SHARES AUTHORIZED
      2,000,000 (UNAUDITED) AND 0 SHARES ISSUED AND
      OUTSTANDING                                             2,000              -
  COMMON STOCK, $0.001 PAR VALUE
      500,000,000 SHARES AUTHORIZED
      86,853,144 (UNAUDITED) AND 38,913,077 SHARES ISSUED
      AND OUTSTANDING                                        86,853         38,913

  DEFERRED COMPENSATION                                    (198,299)             -
  ADDITIONAL PAID-IN CAPITAL                              7,383,868      4,274,233
  DEFICIT ACCUMULATED DURING DEVELOPMENT STAGE           (7,454,033)    (4,509,712)

                                                         -----------  -------------
      TOTAL SHAREHOLDERS' DEFICIT                          (179,611)      (196,566)
                                                         -----------  -------------

      TOTAL LIABILITIES AND SAREHOLDER'S DEFICIT            383,284        224,956
                                                         ===========  =============
</TABLE>


                                        4
<PAGE>
<TABLE>
<CAPTION>
THE CYBER GROUP NETWORK CORPORATION AND
SUBSIDIARY
(DEVELOPMENT STAGE COMPANIES)
CONSOLIDATED STATEMENTS OF
OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2001 AND 2000 (UNAUDITED)
AND
FOR THE PERIOD FROM MARCH 21, 2000 (INCEPTION) TO JUNE 30, 2001
(UNAUDITED)


                                         FOR THE         FOR THE         FOR THE          FOR THE         MARCH 21,
                                           THREE          THREE            SIX             SIX             2000
                                       MONTHS ENDED    MONTHS ENDED    MONTHS ENDED    MONTHS ENDED    (INCEPTION) TO
                                         JUNE 30,        JUNE 30,        JUNE 30,        JUNE 30,         JUNE 30,
                                           2001            2000            2001            2000             2001
                                      --------------  --------------  --------------  ---------------  ---------------
<S>                                   <C>             <C>             <C>             <C>              <C>
REVENUE                                     112,276               -         112,276                -          118,417

SELLING, GENERAL, AND ADMINISTRATIVE     (1,774,905)       (101,978)     (2,773,756)        (101,978)      (5,835,273)
                                      --------------                                                   ---------------
LOSS FROM OPERATIONS                     (1,662,629)       (101,978)     (2,661,480)        (101,978)      (5,716,856)
                                      --------------  --------------  --------------  ---------------  ---------------
OTHER EXPENSE
      IMPAIRMENT OF GOODWILL                      -               -               -                -         (295,000)
      INTEREST EXPENSE                       (2,534)              -        (282,841)               -       (1,442,177)
                                      --------------  --------------  --------------  ---------------  ---------------
       TOTAL OTHER EXPENSE                   (2,534)              -        (282,481)               -       (2,080,607)
                                      --------------  --------------  --------------  ---------------  ---------------

NET LOSS                                 (1,665,163)       (101,978)     (2,944,321)        (101,978)      (7,454,033)
                                      ==============  ==============  ==============  ---------------  ===============

BASIC AND DILUTED LOSS PER SHARE              (0.03)          (0.01)          (0.05)           (0.01)           (0.20)
WEIGHTED - AVERAGE SHARES USED TO     ==============  ==============  ==============  ===============  ===============
COMPUTE

BASIC AND DILUTED LOSS PER SHARE         66,069,811      11,139,551      57,214,042       11,139,551       36,903,346
                                      ==============  ==============  ==============  ===============  ===============
</TABLE>


                                        5
<PAGE>
<TABLE>
<CAPTION>
THE CYBER GROUP NETWORK CORPORATION AND SUBSIDIARY
(DEVELOPMENT  STAGE  COMPANIES)
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000 (UNAUDITED) AND
FOR THE PERIOD FORM MARCH 21, 2000 (INCEPTION) TO JUNE 30, 2001 (UNAUDITED)


                                                                                                FOR THE
                                                                                                 PERIOD
                                                                      FOR THE      FOR THE       FROM
                                                                        SIX         SIX         MARCH 21,
                                                                       MONTHS      MONTHS         2000
                                                                       ENDED        ENDED    (INCEPTION) TO
                                                                      JUNE 30,    JUNE 30,      JUNE 30,
                                                                        2001        2000          2001
                                                                     -----------  ---------  ---------------
<S>                                                                  <C>          <C>        <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  NET LOSS                                                           (2,944,321)  (436,531)      (7,454,033)

  ADJUSTMENTS TO RECONCILE NET LOSS TO NET CASH

    USED IN OPERATIONS

      DEPRECIATION AND AMORTIZATION                                      25,689      3,780           48,060

      AMORTIZATION OF DISCOUNT ON CONVERTIBLE
      REDEEMABLE DEBENTURES                                              59,429          -           87,535

      INTEREST FROM BENEFICIAL CONVERSION FEATURE                       218,250    274,000        1,151,213

      ISSUANCES OF PREFERRED STOCK FOR SERVICES RENDERED                213,250          -          213,250

      ISSUANCE OF COMMON STOCK FOR SERVICES RENDERED                  1,896,931    423,700        1,581,310

      ISSUANCE OF COMMON STOCK AS COMPENSATION                                -          -        1,623,771

      ISSUANCE OF COMMON STOCK AS DONATIONS                                   -          -          243,455

      ISSUANCE OF STOCK OPTIONS FOR SERVICES RENDERED                    28,327          -          248,327

      ISSUANCE OF STOCK OPTIONS FOR AS COMPENSATION                           -          -          237,750

      ISSUANCE OF STOCK AS INTEREST EXPENSE                                   -          -          100,000

      INCREASE IN                                                                        -                0

        ACCOUNTS RECEIVABLE                                                   -          -           (1,640)

        RECEIVABLE FROM RELATED PARTY                                         -          -           (9,250)

        RECEIVABLE FROM OFFICER                                         (24,217)         -          (24,217)

        DEPOSIT                                                        (177,700)         -         (177,700)

        PREPAID EXPENSE
        INVENTORY                                                        (1,670)                     (1,670)

        OTHER ASSETS                                                        995                         995

      INCREASE (DECREASE) IN                                                             -                0

        ACCOUNTS PAYABLE AND ACCRUED EXPENSES                           161,283     21,219          387,186

        LOAN PAYABLE- SESSOR                                            163,500          -          163,500


                                        6
<PAGE>
        PAYABLE TO RELATED PARTY                                              -          -           52,210

        PAYABLE TO OFFICER                                              (13,994)         0                0
                                                                                  ---------  ---------------

          NET CASH USED IN OPERATING ACTIVITIES                        (394,571)  (418,532)      (1,573,719)
                                                                     -----------  ---------  ---------------

CASH FLOWS FROM INVESTING ACTIVITIES

  PURCHASE OF PROPERTY AND EQUIPMENT                                     (5,896)  (166,730)        (121,008)

  PURCHASE OF LICENSE RIGHTS                                                  -          -          (70,000)
                                                                                  ---------  ---------------

          NET CASH USED IN INVESTING ACTIVITIES                          (5,896)  (166,730)        (191,008)
                                                                     -----------  ---------  ---------------

CASH FLOWS FROM FINANCING ACITIVITIES


  PROCEEDS FROM ISSUANCE OF CONVERTIBLE DEBT                            375,001    296,425        1,787,810
                                                                                  ---------  ---------------

          NET CASH PROVIDED BY FINANCING ACTIVITIES                     375,001    296,425        1,787,810
                                                                                  ---------  ---------------

            NET INCREASE (DECREASE) IN CASH                             (25,466)   104,700           13,513

CASH, BEGINNING OF PERIOD                                                48,549      10.00                0
                                                                     -----------  ---------  ---------------

CASH, END OF PERIOD                                                      23,083    104,710           13,513
                                                                     -----------  =========  ===============
</TABLE>


                                        7
<PAGE>
THE CYBER GROUP NETWORK CORPORATION AND
SUBSIDARY (DEVELOPMENT STAGE COMPANIES)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
APRIL 1, 2001 TO JUNE 30, 2001 (UNAUDITED)


NOTE  1  -  BUSINESS  ACTIVITY

The  Cyber  Group  Network  Corporation  and  subsidiary  (collectively,  the
"Company"),  development  stage  enterprises, operate as a developer of computer
security  technology,  Internet  access  devices,  and  other  Internet  and
communication  investments.

The  Company  was  originally  incorporated  on  September 24, 1998 as Hollywood
Entertainment  Network,  Inc.  ("Hollywood"), a Nevada corporation. On March 21,
2000, The Cyber Group Network Corporation  ("OLD Cyber") was incorporated in the
state  of  California.  On May 23, 2000, OLD Cyber entered into a share purchase
agreement  and  purchased  9,900,000 shares approximately 89% of the outstanding
shares  of  Hollywood's common stock for $295,000. Simultaneously, Hollywood and
OLD  Cyber  merged,  and  Hollywood  changed its name to The Cyber Group Network
Corporation.  In  addition,  on  May 23, 2000, immediately prior to the purchase
transaction, the Board of Directors of Hollywood approved the disposition of the
movie  rights  to  a  shareholder  of  Hollywood.  Therefore, at the time of the
transaction,  Hollywood  had minimal assets and liabilities. Accordingly, no pro
forma  disclosures  have  been  made.  As  the  core business of the Company has
changed  subsequent  to  the purchase transaction, the entire amount recorded as
goodwill  of  $295,000 has been written off.  This transaction has been recorded
as  a  purchase  transaction,  which is similar to a reverse merger, whereby the
Company's  equity  section  is  retroactively  restated  to  reflect the capital
structure  of  Hollywood  (a  recapitalization).

On  September  13,  2000,  CGN  Acquisitions Corporation ("CGN") was formed as a
wholly-owned subsidiary of the company. On December 7, 2000, CGN merged with the
Company  and  ceased  to  exist.

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Principles  of  Consolidation
-----------------------------
The  consolidated  financial  statements include the accounts of The Cyber Group
Network  Corporation  and  its  wholly owned subsidiary, Cyber Crime Corporation
("Cyber  Crime").  During the period from March 21, 2000 (inception) to December
31,  2000,  Cyber  Crime  did  not  engage  in any activities.  Any intercompany
balances  and  transactions  are  eliminated  in  consolidation.

Going  Concern  Issues
----------------------
The  Company  has  received  a report on its financial statements for the period
from  March  31,  2000  (Inception)  to  December  31, 2000 from its independent
auditors  that  includes  an  explanatory  paragraph  describing  the  Company's
uncertainty  to  continue  as  a  going  concern.  These  financial  statements
contemplate  the  ability to continue as such and do not include any adjustments
that  might  result  from this uncertainty.  To alleviate this going concern the
Company  has  made  strides  to  secure  fund  from  outside  sources.

Development  Stage  Enterprise
------------------------------
The  Company is a development stage company as defined in Statement of Financial
Accounting  Standards  ("SFAS")  No. 7, "Accounting and Reporting by Development
Stage  Enterprises."  The  Company is devoting all of its present efforts to its
formation  and  to  fundraising and to search for a suitable operating business,
and  its  planned  principal  operations  have  not  yet  commenced.  All losses
accumulated  since  inception  has  been  considered  as  part  of the Company's
development  stage  activities.


                                        8
<PAGE>
Software  Development  Costs
----------------------------
Development  costs  incurred  in  the  research  and development of new software
products are expensed as incurred until technological feasibility in the form of
a working model has been established. To date, the Company has not completed its
software development to the point of technological feasibility, and accordingly,
no  costs  have  been  capitalized.

Income  Taxes
-------------
The  Company  accounts  for  income  taxes under the asset and liability method,
which  requires  the recognition of, deferred tax assets and liabilities for the
expected  future  tax  consequences  of  events  that  have been included in the
financial  statements  or  tax returns. Under this method, deferred income taxes
are  recognized  for the tax consequences in future years of differences between
the tax bases of assets and liabilities and their financial reporting amounts at
each  period-end based on enacted tax laws and statutory tax rates applicable to
the  periods  in  which  the  differences are expected to affect taxable income.
Valuation  allowances  are  established,  when necessary, to reduce deferred tax
assets  to  the  amount  expected  to  be  realized.

Basic  and  Diluted  Loss  per  Share
-------------------------------------
For  the  period  from  March 21, 2000 (inception) to June 30, 2001, the Company
adopted  SFAS No. 128, "Earnings per Share." Basic loss per share is computed by
dividing loss available to common shareholders by the weighted-average number of
common  shares  outstanding. Diluted loss per share is computed similar to basic
loss per share except that the denominator is increased to include the number of
additional  common  shares  that  would  have  been outstanding if the potential
common shares had been issued and if the additional common shares were dilutive.
For the periods presented, the Company incurred net losses; therefore, basic and
diluted  loss  per  share  are  the  same.

Estimates
---------
The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of  assets  and  liabilities  and  disclosure of
contingent  assets  and  liabilities at the date of the financial statements, as
well  as  the  reported  amounts  of  revenues and expenses during the reporting
period.  Actual  results  could  differ  from  those  estimates.


NOTE  3  -  COMMITMENTS  AND  CONTINGENCIES

Litigation
----------
The  Company is involved in certain legal proceedings and claims, which arise in
the  normal  course of business. Management does not believe that the outcome of
these  matters  will  have  a material adverse effect on the Company's financial
position  or  results  of  operations.


NOTE  4  -  SHAREHOLDERS'  EQUITY

During  the  period  from  March 21, 2000 (inception) to April 1, 2001 and three
months  ended  June 30, 2001, the Company issued 9,127,783 and 33,865,000 shares
(unaudited)  of  common  stock  for  services  rendered.  In connection to these
issuances,  the  Company  recorded  compensation  expense  in  the  amount  of
$1,278,200  and  $1,517,495  (unaudited).

During  the  quarter  ended  June  30,2001,  the Company increased the number of
common  shares  and  preferred  shares  authorized of 500,000,000 and 50,000,000
respectively.

During  the  quarter  ended  June  30,2001,  the  Company  issued  20,575,000 to
directors  and  officers  of  the  Company.


                                        9
<PAGE>
NOTE  5  -  SUBSEQUENT  EVENTS

On July 10, 2001, the Company entered into a Stock Purchase Agreement to acquire
WMD  Holdings,  Inc.,  a  California  corporation  d/b/a  Creative Advertising &
marketing.  The  company  purchased  all of the issued and outstanding shares of
capital  stock  of  Creative Advertising & Marketing in exchange for 100,000,000
shares  of  the  Company's common stock at an average stock price of $.025 cents
and  totaling  a  dollar  amount  of  $2,500,000.



              ITEM 2. MANAGEMENT'S DISCUSION 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,"  "project," "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"), is a Nevada
Corporation, incorporated on September 24, 1998. The Company is technology based
with  an  emphasis  on  patented  public  Internet  devices,  acquisitions,  and
development  of  new  computer  security devices and personal security products.
This  phase  of  the  Company's  operations  began  with  the acquisition of the
previous  company's  ownership,  which  occurred  on  May  23,  2000.

Our mission at CGPN is to develop and create a diverse portfolio of new computer
security  products  and  services  that  will  protect  the  everyday  user.

RESULTS  OF  OPERATIONS

     The  Company  is  in its developmental stage. To this date, the Company has
generated minimal revenue. During the second quarter of operations, CGPN focused
on  the  ongoing  development  of the Electronic Snitching Device (E-Snitch), to
bring  it  to  market  by  year-end 2001. The Company has developed the business
model  and  has made the appropriate contacts to build alliances that will bring
E-Snitch  to  the  forefront  of the computer security industry. The Company has
also  launched  the  first  two  phases  of  SpyAmericaOnline.com.  Through
SpyAmericaOnline.com  the  Company  retails  personal  security and surveillance
products.  The  first  retail location opened June 1, 2001 in the Fox Hills Mall
located  in  the  Greater  Los  Angeles  area.  Also  launched  June  1,  2001,
SpyAmericaOnline.com  the  website,  where  the  same  products available in the
retail  locations  can  be  purchased  via the World Wide Web. Global Technology
Publishing,  a  division  of CGPN, is currently marketing, "Memoirs of a Hi-Tech
Hustler,"  the  fictional novel of a high tech criminal and how he committed his
crimes.  The  Cyber  Crime  Corporation  website,  one of the largest sources of
computer  security  information  on  the  World Wide Web, has been remodeled for
easier  navigation  by  our  users.


                                       10
<PAGE>
     For  the  fiscal quarter ended June 30, 2001, we recorded an operating loss
of  $ 1,662,629. This loss is largely due to payroll and other expenses. Capital
expenditures  amounted to $3,050, which included purchases of computer equipment
and  software.  Loss  of  operation is expected to continue through fiscal 2001.
Profitability  is  not  assured nor is a stream of revenue that can be generated
and  sustained  in  the  future.


FUTURE  BUSINESS

     CGPN  has  a  number  of  new  products  under  development and ready to be
launched  in  the  coming months. Several new security related software programs
are  in  anti-virus  testing  stage  prior to their release to the public. Cyber
Crime  Corporation  will have additional features that will educate its users on
up  to  the minute high tech crime that affect small and large businesses. These
features  will  include  computer  penetration  tests,  computer  forensics, and
network  vulnerablity  testing.  In  addition,  CGPN  has  expanded it's service
offering  to  include  website development.  SpyAmericaOnline.com is planning to
open  two  new  locations  plus  launch  its  Agent Program and Corporate Sales.
Corporate  Sales  will  include  the services of wire detection and bug swiping.


CAPITAL  RESOURCES  AND  LIQUIDITY

     At  the  fiscal  quarter  ended  June  30,  2001,  we had current assets of
$237,560  and  total  assets  of  $ 383,284. These assets consist of cash in the
amount  of  $23,083,  property  and  equipment.  In  the amount of $ 86,557, net
software  licenses  in  the  amount  of  $  56,391  and  deposits  of  $  2,776.


CASH  REQUIREMENTS  AND  ADDITIONAL  FUNDING

     It  is  anticipated that the Company will need to raise additional capital.
The  Company  contemplates  filing form SB2 to raise these additional funds. The
additional  capital  will need to be in excess of $10,000,000 for the Company to
sustain through major product launch. The Company believes that our cash on hand
is  insufficient  to  meet  our  anticipated  needs for working capital, capital
expenditures  and  business development for the next twelve months. We expect to
utilize  cash  at  a  rate  of $50,000 per month or $600,000 for the next fiscal
year.  This  additional  capital  would  cover such costs such as: marketing and
promotion,  maintaining  and upgrading our technology, overhead expenses for the
day-to-day  operation  of  the  business  and  other  unexpected expenses due to
economic  changes.  The  Company currently does not maintain any lines of credit
nor  do  we  have any agreements for additional capital in place. The additional
may  result  in dilution to our shareholders. The Company cannot assure you that
financing  will  be  available  in  amounts  or  on  acceptable  terms.

     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 suffer due to the lack of capital
subject  to  the  limited  available  cash  flow.  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  to
acquisitions  or  the  development  of  its  existing  products.


FORWARD-LOOKING  STATEMENTS

     Some  of  the  statements  under  "Risk  Factors,"  "Plan  of  Operation,"
"Business,"  and  elsewhere  in this quarterly report constitute forward-looking
statements. These statements involve known and unknown risks, uncertainties, and
other  factors  that may cause our or our industry's results, levels of activity
performance,  or  achievements  to  be  significantly  different from any future
results,  levels  of activity, performance, or achievements expressed or implied
by  such  forward-looking  statements.


                                       11
<PAGE>
     In  some  cases, you can identify forward-looking statements by terminology
such  as  "may," "will," "should," "expects," "plans," "intends," "anticipates,"
"believes,"  "estimates," "predicts," "potential," or "continue" or the negative
of  such  terms  or  other  comparable  terminology.

     Although  we believe that the expectations reflected in the forward-looking
statements  are  reasonable,  we  cannot  guarantee  future results, events, and
levels  of  activity,  performance,  or  achievements.  We  do  not  assume
responsibility  for  the  accuracy  and  completeness  of  the  forward-looking
statements  after  the  date  of  this  annual  report to conform them to actual
results.

     The  accompanying  un-audited  condensed  financial  statements  have  been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and  with  instructions to Form 10-QSB and Article 10 of
Regulation  S-X.  Accordingly,  they  do  not include all of the information and
footnotes  required  by  generally  accepted  accounting principles for complete
financial  statements. In the opinion of management, all adjustments (consisting
of  normally  recurring  accruals)  considered necessary for a fair presentation
have  been  included.

     Operating  results for the quarter ending June 30, 2001 are not necessarily
indicative  of the results that may be expected for the year ending December 31,
2001.  For  further  information,  refer  to  the  consolidated  statements  and
footnotes  included  in  our  annual  report on /Form 10-KSB for the period from
March  21,  2000  (inception)  to  December  31,  2000.


Item  6.  Exhibits

Exhibit  Name  and/or  Identification  of  Exhibit  Number

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 From For Registration of Securities of
Small  Business  Issuers  on  form  10-SB, previously filed with the Commission.

Annual or Quarterly Reports

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.

Consents of Experts and Counsel

Consents of independent public accountants

Financial Data Schedule

Financial Data Schedule of ALD Services, Inc. ending June 30, 2001



                                   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.


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The Cyber Group Network Corporation
          (Registrant)

Date:  August 15, 2001

By:  /s/  Gregory D. Evans
Chief  Executive  Officer


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