<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[ x ]            QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                          OF THE SECURITIES ACT OF 1934
                For the quarterly period ended February 28, 2003

                                       OR

[   ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                          OF THE SECURITIES ACT OF 1934
            For the transition period from ___________to ____________

                        Commission File Number: 333-64244


                             THE MACREPORT.NET, INC.
             (Exact name of registrant as specified in its charter)

                Delaware                           11-3584538
       (State or other jurisdiction             (I.R.S. Employer
     of incorporation or organization)         Identification No.)

                              200 Broadhollow Road
                                    Suite 207
                               Melville, NY 11747

          (Address, including zip code, of principal executive offices)

                                 (631) 393-5075
              (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.

(1)Yes  X     No
       ---       ---

(2)Yes  X     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.

     Common stock, par value $0.0001, 15,875,232 shares as of February 28, 2003.

<PAGE>



                             THE MACREPORT.NET, INC.

                                   FORM 10-QSB

                                February 28, 2003

                                      INDEX

                         PART I - FINANCIAL INFORMATION

                                                                           Page
   Item 1.

               Unaudited Consolidated Balance Sheet                          3

               Unaudited Consolidated Statements of Operations               4

               Unaudited Consolidated Statements of Cash Flows               5

               Unaudited Notes to Consolidated Financial Statements          6

   Item 2.     Management's Discussion and Analysis of Financial
               Condition and Results of Operations                           6

   Item 3.     Controls and Procedures                                       10


                           PART II - OTHER INFORMATION

   Item 1.     Legal Proceedings                                             11

   Item 2.     Changes in Securities                                         11

   Item 3.     Defaults by the Company upon Its Senior Securities            11

   Item 4.     Submission of Matters to a Vote of Security Holders           11

   Item 5.     Other Information                                             12

   Item 6.     Exhibits and Reports on Form 8-K                              12

               Signatures                                                    13

               Certification Pursuant to Section 302 of the
               Sarbanes-Oxley Act of 2002                                    14


<PAGE>

                                     PART I.
                              FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                     THE MACREPORT.NET, INC. AND SUBSIDIARY
                          (A Development Stage Entity)
                     CONSOLIDATED BALANCE SHEET - UNAUDITED
                                FEBRUARY 28, 2003

                                     ASSETS
CURRENT ASSETS:

   Cash and Cash Equivalents                                            119,300
                                                                ---------------

         Total Current Assets                                   $       119,300

EQUIPMENT, at cost, less accumulated
   depreciation of $19,190                                               35,079

DEPOSITS                                                                  5,845
                                                                ---------------

         TOTAL ASSETS                                           $       160,224
                                                                ===============

                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY

CURRENT LIABILITIES:

Accounts payable and accrued expenses                           $       409,199
Notes payable                                                         1,203,981
Deferred revenue                                                         11,475
Advances from stockholder                                                27,105
                                                                ---------------
         Total Liabilities                                            1,651,760


COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIENCY
   Preferred stock, $.0001 par value,
     5,000,000 shares authorized,
     no shares issued or outstanding                            $          --
   Common stock, $.0001 par value,
     25,000,000 shares authorized
     15,875,232 shares issued and outstanding                             1,588

   Additional paid-in capital                                           866,412

   Deficit Accumulated during the Development Stage                  (2,359,536)
                                                                ---------------
         Total Stockholders' Deficiency                              (1,491,536)
                                                                ---------------

         TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY         $       160,224
                                                                ===============




          See accompanying notes to consolidated financial statements.

                                        3
<PAGE>

                     THE MACREPORT.NET, INC. AND SUBSIDIARY
                          (A Development Stage Entity)
                CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED

<TABLE>
<CAPTION>
                                                                                 Three months ending
                                                                                                                   Inception to
                                                                            February 28,        February 28,       February 28,
                                                                               2003                2002                 2003
                                                                          ---------------     ---------------     ---------------

<S>                                                                       <C>                 <C>                 <C>
   Revenues                                                               $       154,384     $          --       $       180,721

   Cost of Revenues                                                                32,376                --                69,065
                                                                          ---------------     ---------------     ---------------

         Gross profit                                                             122,008                --               111,656

   Selling, general and administrative expenses                                   313,980             184,126           2,197,785
                                                                          ---------------     ---------------     ---------------

         Loss before other income(expense)                                       (191,972)           (184,126)         (2,086,129)
                                                                          ---------------     ---------------     ---------------

   Other Income(Expense):
     Realized loss on sale of marketable securities                                  --                (1,412)           (194,309)
     Interest expense                                                             (22,509)               --               (78,778)
     Interest income                                                                 --                  --                   190
                                                                          ---------------     ---------------     ---------------
         Total other income (expense)                                             (22,509)             (1,412)           (272,897)
                                                                          ---------------     ---------------     ---------------

         Loss before income taxes                                                (214,481)           (185,538)         (2,359,026)

   Provision for Income taxes                                                        --                   455                 510
                                                                          ---------------     ---------------     ---------------


         Net loss                                                         $      (214,481)    $      (185,993)    $    (2,359,536)
                                                                          ===============     ===============     ===============



Basic and Diluted Loss Per Share                                          $         (0.01)    $         (0.01)
                                                                          ===============     ===============

Weighted Average Number of Shares Outstanding                                  15,875,232          15,624,148
                                                                          ===============     ===============
</TABLE>


          See accompanying notes to consolidated financial statements.

                                        4
<PAGE>

                     THE MACREPORT.NET, INC. AND SUBSIDIARY
                          (A Development Stage Entity)
                CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

<TABLE>
<CAPTION>
                                                                                 Three months ending
                                                                                                                    Inception to
                                                                            February 28,         February 28,       February 28,
                                                                               2003                 2002                2002
                                                                          ---------------     ---------------     ---------------
<S>                                                                       <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                                               $      (214,481)    $      (185,993)    $    (2,359,536)
   Adjustments to reconcile net loss to net cash
    used in operating activities:
     Depreciation and amortization                                                  2,845               2,655              19,190
   Changes in assets and liabilities (Increase) Decrease in:
     Marketable securities                                                              0               5,605                   0
     Prepaid expenses                                                                   0              15,336                   0
     Security deposits                                                                  0                   0              (5,845)
   Increase (Decrease) in:
     Accounts payable and accrued expenses                                           (835)             (1,028)            409,199
     Deferred revenue                                                             (45,184)                  0              11,475
     Deposits                                                                           0              32,825                   0
                                                                          ---------------     ---------------     ---------------
         Total adjustments                                                        (43,174)             55,403             434,019
                                                                          ---------------     ---------------     ---------------
   Net cash used in operating activities                                         (257,655)           (130,590)         (1,925,517)

CASH FLOWS FROM INVESTING ACTIVITIES
   Payments made for equipment                                                          0              (1,500)            (54,269)
                                                                          ---------------     ---------------     ---------------
   Net cash used in investing activities                                                0              (1,500)            (54,269)
                                                                          ---------------     ---------------     ---------------
CASH FLOWS FROM FINANCING ACTIVITIES
   Net proceeds from issuance of common stock                                                                             868,000
   Net advances from stockholder                                                   (1,053)             26,161              27,105
   Net proceeds from note payable                                                 231,350             105,000           1,203,981
                                                                          ---------------     ---------------     ---------------
     Net cash provided by financing activities                                    230,297             131,161           2,099,086
                                                                          ---------------     ---------------     ---------------

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                              (27,358)               (929)            119,300

CASH AND CASH EQUIVALENTS - BEGINNING                                             146,658               1,168                --
                                                                          ---------------     ---------------     ---------------

CASH AND CASH EQUIVALENTS -  END                                          $       119,300     $           239     $       119,300
                                                                          ===============     ===============     ===============
</TABLE>


          See accompanying notes to consolidated financial statements.

                                        5
<PAGE>

                     THE MACREPORT.NET, INC. AND SUBSIDIARY
                          (A Development Stage Entity)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE THREE MONTHS ENDED FEBRUARY 28, 2003 AND 2002



All financial statements are unaudited. All unaudited amounts are subject to
year-end adjustments and audit, but the Company believes all adjustments,
consisting only of normal and recurring adjustments, necessary to present fairly
the financial condition, results of operations and changes in cash flows for all
interim periods have been made. The results of operations for interim periods
are not necessarily indicative of the operating results for the full year.

Footnote disclosures normally included in the financial statements prepared in
accordance with generally accepted accounting principles have been omitted in
accordance with published rules and regulations of the Securities and Exchange
Commission. These financial statements should be read in conjunction with the
audited consolidated financial statements and notes thereto included in the
Company's form 10-KSB for the most recent fiscal year.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following discussion and analysis should be read in conjunction with our
consolidated financial statements and the notes thereto appearing elsewhere in
this report. This report contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. We caution you that forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that actual results
may differ materially from the statements that constitute forward-looking
statements as a result of various factors.

General

The MacReport.Net, Inc. was incorporated as a Delaware corporation in December
2000. We commenced operations at such time. We are a development stage company
that has leveraged our core competencies to create high-value information and
applications to benefit private and public companies.

Since commencing operations, our activities have been primarily devoted to
business development, proof of concept activities and recruiting personnel. We
have spent considerable time and capital resources fine tuning and developing
our strategic plan and Web site.

Results of Operations

Three Months ended February 28, 2003 compared with three months ended February
28, 2002.

         Overall Financial Situation. The Company had revenues of $154,384 with
costs of revenues of $32,376 for the quarter ended February 28, 2003. The
Company did not have revenues during the quarter ended February 28, 2002. The
Company had a stockholders' deficiency at February 28, 2003 in the amount of
$1,491,536, an increase of $1,077,706 from the stockholders' deficiency at
February 28, 2002 of $413,830. This increase is partly due to the net loss of
$214,481 for the quarter ended February 28, 2003. Selling general and
administrative expenses increased from the quarter ended February 28, 2002 by
$129,854 or 71%, resulting in a loss from operations of $191,972 for the quarter
ended February 28, 2003. Interest expense increased by $22,509 for the quarter
ended February 28, 2003 from no interest expense for the quarter ended February
28, 2002 primarily due to the convertible note financing in 2002.


                                       6
<PAGE>

         Revenues. We generated revenues of $154,384 from continuing operation
during the quarter ended February 28, 2003 and no revenues during the quarter
ended February 28, 2002. We incurred cost of revenues of $32,376 during the
quarter ended February 28, 2003.

         Selling, General and Administrative Expenses. Selling general and
administrative expenses increased from the quarter ended February 28, 2002 by
$129,854 or 71%, resulting in a loss from operations of $191,972 for the quarter
ended February 28, 2003. These expenses consist primarily of consulting fees,
professional fees and other corporate expenses, including business development
and general legal activities.

         Other Expense. Interest expense increased by $22,509 for the quarter
ended February 28, 2003 from no interest expense for the quarter ended February
28, 2002 primarily due to the convertible note financing in 2002.

Liquidity and Capital Resources

During January and February 2003, we issued convertible promissory notes to 3
individuals with an aggregate principal amount of $50,000. The convertible notes
bear interest at a rate of 8% per annum with a maturity date of December 1,
2003. Pursuant to the terms of the convertible notes, prior to December 1, 2003,
we may convert the balance due together with accrued interest into shares of
common stock. The conversion ratio is the greater of: (y) the amount that is
equal to the product of the closing bid price per share for the Common Stock, as
reported on the over-the-counter electronic bulletin board, or such other public
market that the Company's Common Stock is then traded and seventy-five percent
(75%); and (z) 3.50.

On February 28, 2003, we issued a six month, $100,000 principal amount
promissory note to one of our shareholders. The note bears interest at the rate
of 13% per annum.

During December 2002 through February 2003, we issued convertible promissory
notes with an aggregate principal amount of $81,350. The convertible notes bear
interest at a rate of 8% per annum with a maturity date of December 30, 2003.
Pursuant to the terms of the convertible notes, if the Company does not prepay
the note prior to December 30, 2003, the Company shall convert the balance due
together with accrued interest into shares of common stock of Michael Adams
Securities, Inc., a Delaware corporation and wholly owned subsidiary of the
Company. The conversion ratio is one and one-half dollars ($1.50) per share of
common stock.

During May through November 2002, we issued convertible promissory notes to 60
individuals with an aggregate principal amount of $674,625. The convertible
notes bear interest at a rate of 8% per annum with a maturity date s ranging
from May 1, 2003 to September 30,, 2003. Pursuant to the terms of the
convertible notes, prior to their respective maturity dates, we may convert the
balance due together with accrued interest into shares of common stock. The
conversion ratio ranges from: (y) the lesser of: (i) one and one-half dollars
($1.50) per share of common stock; and (ii) the average of the closing bid
prices per share for the common stock, as reported on the over-the-counter
electronic bulletin board, or such other public market on which our common stock
is then traded, during the 30 trading days prior to date of the conversion; to
(z) the greater of: (y) the amount that is equal to the product of the closing
bid price per share for the Common Stock, as reported on the over-the-counter
electronic bulletin board, or such other public market that the Company's Common
Stock is then traded and seventy-five percent (75%); and (z) 2.50. Pursuant to
the terms of certain convertible notes issued in November 2002 to 27
individuals, if the Company does not prepay the note prior to September 30,
2003, the Company shall convert the balance due together with accrued interest
into shares of common stock of Michael Adams Securities, Inc., a Delaware
corporation and wholly owned subsidiary of the Company at a conversion ratio of
one and one-half dollars ($1.50).

                                       7
<PAGE>

On November 16, 2001, we issued a 60-day, $100,000 principal amount promissory
note to one of our shareholders. The note bears interest at the rate of 13% per
annum. On January 8, 2002, we issued an amended and restated promissory note to
such shareholder that extended the maturity date of the November 16, 2001 note
until March 10, 2002. The maturity date of the November 16, 2001 note was
subsequently extended to September 10, 2002; November 15, 2002 and later to June
1, 2003. On January 14, 2002, we issued a 120-day, $200,000 principal amount
promissory note to the same shareholder. The maturity date of the January 14,
2002 note was subsequently extended to September 10, 2002, January 13, 2003 and
later to June 1, 2003. The January 14, 2002 note bears interest at the rate of
13% per annum.

Additionally, we received gross proceeds of $845,000, consisting of $245,000 in
cash and $600,000 in marketable securities from an issuance of common stock. Of
these securities, we received 147,700 shares of common stock of Netwolves Corp.
on February 7, 2001 and 500,000 shares of common stock of Netcurrents, Inc. on
May 31, 2001. Netwolves Corp.'s common stock trades on the Nasdaq SmallCap
Market and Netcurrents, Inc. trades on the over-the-counter electronic bulletin
board. We issued certificates representing shares of our common stock to
investors in this offering in May 2001 after amending our certificate of
incorporation to increase the amount of our authorized capital stock.

During February 2002, we sold an aggregate amount of 30,232 shares of
unregistered common stock to 8 individuals at the price of $1.50 per share for
the total amount of $45,350. The shares were issued by the Company to the
investors on December 4, 2002.

As of August 31, 2002, we sold an aggregate of 147,700 shares of Netwolves Corp.
and 495,000 of Netcurrents, Inc., and we owned 5,000 shares of Netcurrents, Inc.
and no shares of Netwolves Corp. Netcurrents, Inc. is no longer conducting
business. Thus, the shares of Netcurrents, Inc. have no value.

We have used the gross proceeds from these offerings to, among other things,
obtain additional office space, for other general and administrative expenses,
including the construction and redesign of our Web site and pay for our
obligations to Michael Adams Consulting, Inc., a company wholly owned by V.
William Lucchetti, Jr., our president and CEO pursuant to a consulting agreement
which has since expired.

As of February 28, 2003, we had $119,300 in cash and cash equivalents.

To engage in certain components of our planned operations, we are required to
register with the Securities and Exchange Commission as an investment advisor
under the Investment Advisors Act of 1940, as amended. As an investment adviser,
we will be subject to restrictions against engaging in fraudulent, deceptive or
manipulative acts or practices.

We have filed with NASD Regulation entitlement forms for access to the
Investment Advisor Registration Depository (IARD) and have established an IARD
User Account. We anticipate filing Form ADV to apply for registration with the
Securities and Exchange Commission as an investment advisor during the course of
the new fiscal year. We believe that such registration will be effected some
time within the second quarter of 2003. We have delayed the filing of Form ADV
as our business model has been modified and the components of our plans that
require registration have not been implemented and are not an integral part of
our operations. However, until such time as we file Form ADV, we will not be
able to commence certain of our planned operations. The requirement to register
as an investment advisor with the Securities and Exchange Commission will cause
us to incur additional costs and expenses, will result in delays in certain
operations and the execution of certain plans.


                                       8
<PAGE>

Current and Future Financing Needs

We have incurred negative cash flow from operations since we started our
business. We have spent, and expect to continue to spend, substantial amounts in
connection with implementing our business strategy. We have 12 full time
employees. We have engaged one full-time consultant pursuant to agreement. We
pay this consultant $5,000 per month.

Based on our current plans, we do not believe that our cash and cash equivalents
and cash flows will be sufficient to enable us to meet our planned operating
needs. To execute our business plan over the next twelve months, we believe that
we will require approximately $125,000 per month over the next 12 months, which
will require us to raise, approximately, an additional $700,000. We anticipate
that we will raise these additional funds through the private sale of our
securities and/or through loans issued to us by our officers and/or directors.
However, the actual amount of funds we will need to operate is subject to many
factors, some of which are beyond our control.

These factors include the following:

      o  expenses incurred by us in connection with the redesign of our Web
         site;

      o  costs associated with any acquisitions targets;

      o  costs associated with marketing our services;

      o  expense incurred in connection with our registration as an investment
         advisor and compliance with the Investment Advisors Act; and

      o  our ability to implement our business strategy.

We have based our estimate on assumptions that may prove to be wrong.

We need to obtain additional funds immediately and we may need to obtain
additional funds in greater amounts than we currently anticipate. Potential
sources of financing include strategic relationships, public or private sales of
our shares or debt and other sources. We may seek to access public or private
equity markets when conditions are favorable due to our capital requirements. We
do not have any committed sources of financing at this time, and it is uncertain
whether additional funding will be available when we need it on terms that will
be acceptable to us, or at all. If we raise funds by selling additional shares
of common stock or other securities convertible into common stock, the ownership
interest of our existing stockholders will be diluted. Our ability to continue
as a going concern depends upon our ability to raise additional funds in the
immediate future. If we are not able to obtain financing when needed, we may be
unable to carry out our business plan. As a result, we may have to significantly
limit or cease our operations and we may seek protection from our creditors
under the bankruptcy laws, in which case our common stock would be essentially
without value.


ITEM 3.   CONTROLS AND PROCEDURES

Within the 90-days prior to the filing of this quarterly report, we carried out
an evaluation, under the supervision and with the participation of our Chief
Executive Officer and Executive Vice President/Director, of the effectiveness of
the design and operation of our disclosure controls and procedures. Based on
this evaluation, our Chief Executive Officer and Vice President/Director
concluded that our disclosure controls and procedures are effective in timely
alerting them to material information required to be included in this quarterly
report.


                                       9
<PAGE>

There have been no significant changes in our internal controls or in other
factors that could significantly affect internal controls subsequent to our most
recent evaluation of our internal controls.



                                       10
<PAGE>


                                    PART II.
                                OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The Company is involved in various legal proceedings and claims incident to the
normal conduct of its business. The Company believes that such legal proceedings
and claims, individually and in the aggregate, are not likely to have a material
adverse effect on its financial position or results of operations.

In January 2003, Bondy & Schloss LLP, a law firm which formerly provided
services to the Company, filed a complaint against the Company as well as
against Michael Adams Consulting, Inc. and V. William Lucchetti, Jr. in the
Supreme Court of the State of New York, County of New York, alleging monies owed
to the plaintiff for certain legal services. The plaintiff seeks monetary
damages totaling $73,339 plus costs and attorney's fees. The Company, which
intends to defend the action vigorously as well as interpose counterclaims, does
not believe that the suit will have a material adverse effect on its financial
position or results of operations, however, there can be no assurance of the
outcome.


ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS

During January and February 2003, we issued convertible promissory notes to 3
individuals with an aggregate principal amount of $50,000. The convertible notes
bear interest at a rate of 8% per annum with a maturity date of December 1,
2003. Pursuant to the terms of the convertible notes, prior to December 1, 2003,
we may convert the balance due together with accrued interest into shares of
common stock. The conversion ratio is the greater of: (y) the amount that is
equal to the product of the closing bid price per share for the Common Stock, as
reported on the over-the-counter electronic bulletin board, or such other public
market that the Company's Common Stock is then traded and seventy-five percent
(75%); and (z) 3.50.

On February 28, 2003, we issued a six month, $100,000 principal amount
promissory note to one of our shareholders. The note bears interest at the rate
of 13% per annum.

During December 2002 through February 2003, we issued convertible promissory
notes to individuals with an aggregate principal amount of $81,350. The
convertible notes bear interest at a rate of 8% per annum with a maturity date
of December 30, 2003. Pursuant to the terms of the convertible notes, if the
Company does not prepay the note prior to December 30, 2003, the Company shall
convert the balance due together with accrued interest into shares of common
stock of Michael Adams Securities, Inc., a Delaware corporation and wholly owned
subsidiary of the Company. The conversion ratio is one and one-half dollars
($1.50) per share of common stock.


ITEM 3.   DEFAULTS BY THE COMPANY UPON ITS SENIOR SECURITIES

None.


ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On January 13, 2003, the Board of Directors and a Stockholder, V. William
Lucchetti, the Company's Chairman and President, representing approximately 94%
of the total issued and outstanding shares of the Company's Common Stock as of
November 30, 2002 took action by written consent to retain the services of Holtz
Rubenstein & Co. LLP as the Company's new independent auditors. The Company
filed Form 8-K on January 15, 2003 and 8-KA on January 21, 2003 with respect to
the appointment of Holtz Rubenstein & Co. LLP as its independent auditors.


                                       11
<PAGE>

ITEM 5.   OTHER INFORMATION

None.


ITEM 6.        EXHIBITS AND REPORTS ON FORM 8-K

a)   Exhibits

     Exhibit 99.1 Certification pursuant to Exchange Act Rules 13A-14 and 15D-14

b)   Reports on Form 8-K

     On January 15, 2003, the Company filed a Form 8-K reporting that it had
     dismissed its independent auditors, Capraro Centofranchi Kramer & Co., and
     engaged Holtz Rubenstein & Co. LLP as its new independent auditors. This
     report was amended on January 21, 2003.




                                       12
<PAGE>

                                   SIGNATURES

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


                               THE MACREPORT.NET, INC.
                               -----------------------
                                    (Registrant)


                               By   /s/ Vito W. Lucchetti, Jr.
                                    --------------------------
                                    Vito W. Lucchetti, Jr.


                                Chairman, Chief Executive Officer and President
                                (Principal Executive Officer and Principal
                                Accounting and Financial Officer)


Date:  April 15, 2003


<PAGE>


                      CERTIFICATION PURSUANT TO SECTION 302
                        OF THE SARBANES-OXLEY ACT OF 2002

I, V. William Lucchetti, Jr., certify that:

1. I have reviewed this quarterly report on Form 10-QSB of The Macreport.net,
Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The Company's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

      a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

      b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

      c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The Company's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

      a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

      b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6. The Company's other certifying officers and I have indicated in this
quarterly report whether there were significant changes in internal controls or
in other factors that could significantly affect internal controls subsequent to
the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Date:   April 15, 2003


/s/ V. William Lucchetti, Jr.
-----------------------------
Chief Executive Officer, Chairman of the Board of Directors
Title