**UNITED**
** **
**STATE**
**S**

**SECURITIES        AND EXCHANGE COMMISSIO**
**N**

**FORM        **
** **
**10-QS**
**B**

**SEC        File No.0-29951**

|   |   |
|--------|--------|

| x | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT |
|---|-------------------------------------------------------------------------------------------------------------------|

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| Georgia                                                                                           |   | 58-1727874                                       |
|---------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |
|                                                                                              |   |                                             |
| 830-13                    A1A North, No. 165, Ponte                    Vedra Beach, FL            |        | 32082                                            |
| (Issuer's                    address)                                                             |   | (Zip                    code)                    |

|                                                                                                                                           | (404                    ) 583-0404          |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|--------|
|                                                                                                                                           | (Issuer’s telephone number) |   |
|                                                                                                                                           |                                        |   |
|                                                                                                                                           |                                        |   |
| (Former name, former address and former fiscal year, if changed since last report) |

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

**APPLICABLE**
** **
**ONLY**
** **
**TO**
** **
**CORPORATE**
** **
**ISSUERS**

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**    **

****PEDIANET.COM,        INC.****

**INDEX**

|                                             |                                                                         |     |
|--------------------------------------------------|------------------------------------------------------------------------------|----------|
| **Item                  No.**                    | **Description**                                                              | **Page** |
|                                             |                                                                         |     |
| 1                                                | Financial                  Statements                                        | 2        |
|                                             |                                                                         |     |
| 2                                                | Management's                  Discussion and Analysis or Plan of Operation   | 3        |
|                                             |                                                                         |     |
| 3                                                | Controls                  and Procedures                                     | 4        |
|                                             |                                                                         |     |
| **PART                  II - OTHER INFORMATION** |
|                                             |                                                                         |     |
| 1                                                | Legal                  Proceedings                                           | 5        |
|                                             |                                                                         |     |
| 2                                                | Unregistered                  Sales of Equity Securities and Use of Proceeds | 5        |
|                                             |                                                                         |     |
| 3                                                | Defaults                  Upon Senior Securities                             | 5        |
|                                             |                                                                         |     |
| 4                                                | Submission                  of Matters to a Vote of Security Holders         | 5        |
|                                             |                                                                         |     |
| 5                                                | Other                  Information                                           | 5        |
|                                             |                                                                         |     |
| 6                                                | Exhibits                  and Reports on Form 8-K                            | 5        |
|                                             |                                                                         |     |
| Signatures                                       |                                                                         | 6        |

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**PART        I - FINANCIAL INFORMATION**

**Item      1. Financial Statements. (Unaudited)**

**(Explanatory      Note: **

**Assets**

| Current                Assets:                                       |   | **For                the period ended 30 June, 2005** |    |
|----------------------------------------------------------------------|--------|-------------------------------------------------------|---------|
|                                                                 |   |                                                  |    |   |
| Cash                                                                 |   |                                                  | -0-     |   |
| Total                Current Assets                                  |   |                                                  | -0-     |   |
| Goodwill                (from 10-QSB, 5/21/01)                       |   | $                                                     | 573,365 |   |
| Total                Assets                                          |   | $                                                     | 573,365 |   |
|                                                                 |   |                                                  |    |   |
| **Liabilities                and Shareholder's Equity**              |   |                                                  |    |   |
|                                                                 |   |                                                  |    |   |
| Current                Liabilities:                                  |   |                                                  |    |   |
| Note                payable1                               |   | $                                                     | 5,125   |   |
| Accrued                Interest                                      |   | $                                                     | 820     |   |
| Total                Current Liabilities                             |   | $                                                     | 5,945   |   |
|                                                                 |   |                                                  |    |   |
| Commitments                and Contingencies:                        |   |                                                  |    |   |
| Shareholder's                Equity (Deficiency)                     |   |                                                  |    |   |
| Preferred                stock, par value $0.10,                     |   |                                                  |    |   |
| 10,000,000                shares authorized, outstanding 558         |   | $                                                     | 56      |   |
| Common                stock, par value $0.001 outstanding 33,850,852 |   | $                                                     | 33,881  |   |
| Additional                Paid In Capital                            |   |                                                  | -0-     |   |
| Deficit                                                              |   |                                                  |    |   |
| Total                Shareholder's Equity (Deficit)                  |   | $                                                     | 533,513 |   |
| Total                Liabilities and Shareholder's Equity            |   | $                                                     | 573,365 |   |
|                                                                 |   |                                                  |    |   |

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| 1 | C.                    M. Benedict holds a convertible promissory note issued 1 August                    2003 in                    the principal sum of  $5,125                    in payment of his compensation during 2002. The note came due                    Nov. 1,                    2003, and is accruing interest                    at 6% per annum since the due date. Principal and interest can                    be                    converted, in whole or in part,                    to common shares at the sole option of the holder. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Item      2. Management's Discussion and Analysis or Plan of      Operation.**

**Plan      of Operation**

*Formyduvall      vs. Pedianet.com, Inc., Civil Action File No. 02-7554-1, *

**Off-balance      Sheet Arrangements**

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| 1 | After                  one year from the entry of a final judgment, the judgment is no                  longer                  vulnerable to collateral attack. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Forward      Looking Statements**

**Item      3. Controls and Procedures.**

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**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      2. Unregistered Sales of Equity Securities and Use of      Proceeds.**

**Item      3. Defaults Upon Senior Securities**

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

**Item      5. Other Information**

|  | a. | On                March 3, 2005, the company's convertible promissory note of March                3,                 2003,                payable to Incubadora Del Futuro, S.L. in the principal amount of                 $30,000.00                came due and the holder elected to convert the debt to equity. On                May 7, 2005, the Board authorized the issuance of 2,500,000 shares                of                the company's common stock is satisfaction of the                debt. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b. | On                May 15, 2005, the company's convertible promissory note of May 15,                2003,                payable to C. M. Benedict in the principal amount of $1,351.41 came                due                and Mr. Benedict elected to convert the debt to equity. On June 21,2005,                the                Board authorized the issuance of l,351,410 shares of the company's                common                stock in satisfaction of the debt. |
|--|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

**N/A**

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**SIGNATURE**

|                                      |                                                |                                   |
|-------------------------------------------|-----------------------------------------------------|----------------------------------------|
|                                      | **PEDIANET.COM,                  INC.**(Registrant) |
|                                 |                                           |                              |
| Date: August                15, 2005 | By:                                       | /s/ C.                M. Benedict |
|                                      |                                                     |
|                                      | C.                  M. BenedictCEO/Chairman         |

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