UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 10-QSB

                                FILE NO. 0-29951


(Mark One)

      |X|   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                    EXCHANGE ACT OF 1934 For the quarterly period ended June 30,
                    2003
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      |_|   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

                    For the transition period from              to
                                                  --------------  --------------

                    Commission file number
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                               Pedianet.com, Inc.


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        (Exact name of small business issuer as specified in its charter)


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            Georgia                                     58-1727874


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(State or other jurisdiction of                        (IRS Employer
 incorporation or organization)                       Identification No.)


830-13 A1A North, #165, Ponte Vedra Beach, Florida  32082

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                    (Address of principal executive offices)
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            (404 )       -583-0404
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                        (Issuer's telephone number)



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              (Former name, former address and former fiscal year,
                         if changed since last report)

   Check whether the issuer (1) filed all reports required to be filed by
   Section 13 or 15(d) of the Exchange Act during the past 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 |_| No |X|

   Indicate by check mark whether the registrant is a shell company (as defined
   in Rule 12b-2 of the Exchange Act).
                                                                  Yes |_| No |_|

<PAGE>

                APPLICABLE ONLYTO ISSUERS INVOLVED IN BANKRUPTCY
                     PROCEEDINGSDURINGTHEPRECEDINGFIVEYEARS

Check whether the registrant filed all documents and reports required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.
                                                                  Yes |_| No |_|

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

As of March 26, 2003, the company had issued and outstanding 20,007,946 shares
of Common and Voting Preferred stock.

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Transitional Small Business Disclosure Format (Check one): Yes |_| No |X|




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<PAGE>


   PART I- FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

(EXPLANATORY NOTE: When, and since, current management assumed control, the
company has had no assets, no revenues and has not been operational. All funds
have been furnished by current management from the personal accounts of current
management, as funds became necessary, and some debts have been converted to
equity. Accordingly, management has no data with which to furnish an income or
operating statement other than the Balance Sheet)

                                     ASSETS
Current Assets                                For the period ended June 30, 2003
  Cash                                                              -0-
Total Current Assets                                                -0-
   Good Will  (from 10QSB, 5/21/01)                            $573,365
Total Assets                                                   $573,365

                      LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
 Total Current Liabilities                                          -0-

Shareholders' Equity
  Preferred Stock, par value $0.10,
  10,000,000 shares authorized,
  outstanding 558                                              $     56
  Common Stock, par value $0.001,
  50,000,000 shares authorized,
  outstanding 20,007,388                                       $ 20,007
  Additional paid in capital                                        -0-
Total Shareholders' Equity                                     $553,302
Total Liabilities & Shareholders' Equity                       $573,365

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

On March 13, 2003, the litigation styled Formyduvall v. Pedianet.com Inc., Case
File No. 02-7554-1, In the Superior Court of Dekalb County, Georgia, was
decided, resulting in the nullification of all obligations of the company with
regard to the purported merger of Pedianet.com, Inc., Pedianet Acquisition
Corporation and DrPaula.com, Inc. On advice of counsel that the final judgment
is vulnerable to attack for a year from the date of entry , management has
decided to wait a period of one year from March 13, 2003 before holding the
company out as eligible to merge or acquire other businesses. Until such date,
however, management will engage in preliminary discussions with interested
merger and acquisition prospects, with a view to going forward if no attack is
made on the judgment during the one-year period.

ITEM 3. CONTROLS AND PROCEDURES.

   Because of its operationally inactive status and the fact that management is
   the only source of funds, the company's financial matters are simple, and
   financial controls self-effecting, requiring only records that depict the
   company's transactions, primarily consisting of minutes and actual proofs of
   payment.

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<PAGE>



                           PART II--OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS.

      Except for the open one-year period mentioned above, there are no legal
proceedings against or on behalf of the company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

   None







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<PAGE>



ITEM 3. DEFAULTS UPON SENIOR SECURITIES

   NONE



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

      On May 2, 2003, after due notice and with no solicitation of proxies by
management, the company's Annual Meeting was held in Tampa, Florida, and the
following matters were approved by the shareholders:

      1. The corporate By-Laws as adopted September 6, 1991 were reaffirmed,
including subsequent amendments which changed the minimum number of Directors
from Two to One, and allowed the Directors to henceforth have the authority to
amend the By-Laws without the necessity of shareholder approval;

      2. The shareholders authorized the Board of Directors to henceforth make
any changes in the company's Articles of Incorporation which the Board deems
necessary or desirable, without the necessity of approval by the shareholders;

      3 The shareholders authorized the Directors to implement a reverse split
of the outstanding company shares in whatever proportion the Directors, in their
discretion, determine, so long as the reverse split applies to all the then
outstanding shares;

      4. The shareholders then ratified and approved all actions taken by the
current Board of Directors and Officers from February 15, 2002 to the date of
the Annual Meeting; and

      5. The shareholders then re-elected C.M. Benedict and James E. Cheatham as
Directors






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<PAGE>


ITEM 5. OTHER INFORMATION.

   None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

   None.


                                   SIGNATURES

      In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.




                                                      Pedianet.com, Inc.
                                               ---------------------------------
                                                         (Registrant)



 Date February 27, 2006                         by: C.M. Benedict, President
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