As filed with the Securities and Exchange Commission on May 14, 2001
Registration No. ________

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

                                   FORM 10-QSB

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                ------------------------------------------------
                        For quarter ended March 31, 2001
                         Commission File Number 0-29195


                    NEW MILLENNIUM MEDIA INTERNATIONAL, INC.
                 (Name of Small Business Issuer in Its Charter)

        Colorado                          (7310)                 84-1463284
  ----------------------------------------------------------------------------
  (State or jurisdiction of    (Primary Standard Industrial   (I.R.S. Employer
incorporation or organization)  Classification Code Number)  Identification No.)


                         101 Philippe Parkway, Suite 300
                          Safety Harbor, Florida 34695
                                 (727) 797-6664
                                 --------------
          (Address and Telephone Number of Principal Executive Offices
                        and Principal Place of Business)

                            John D. Thatch, President
                    New Millennium Media International, Inc.
                         101 Philippe Parkway Suite 300
                          Safety Harbor, Florida 34695
            (Name, Address and Telephone Number of Agent for Service)


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[ ]

As of March 31, 2001 there were 30,284,314  shares of the Company's common stock
issued, outstanding and subscribed.

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<PAGE>

                    NEW MILLENNIUM MEDIA INTERNATIONAL, INC.

                                      INDEX

                                                                            Page
                                                                            ----
Part I   Financial Information.................................................5
         Item 1   Financial Statements ........................................5
                  Condensed Balance Sheet......................................5
                  Condensed Statement of Operations............................6
                  Condensed Statement of Cash Flows............................7
                  Notes to the Condensed Financial Statements..................8
         Item 2   Management's Discussion and Analysis of
                  Financial Condition and Results of Operations................9
                  Overview.....................................................9
                  Plan of Operations...........................................9
                  Results of Operations........................................9
                  Net Loss....................................................10
         Item 3   Quantitative and Qualitative Disclosures
                  About Market Risk...........................................10
Part II  Other Information....................................................10
         Item 1   Legal Proceedings...........................................10
         Item 2   Changes in Securities and Use of Proceeds...................10
                  Common Stock................................................10
         Item 3   Defaults Upon Senior Securities.............................10
         Item 4   Submission of Matters to a Vote of Security Holders.........10
         Item 5   Other Information...........................................11
         Item 6   Exhibits and Reports on Form 8-K............................11
Signatures....................................................................11

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<PAGE>

                          PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

                  NEW MILLENNIUM MEDIA INTERNATIONAL, INC.

                          CONDENSED BALANCE SHEET

<TABLE>
<CAPTION>
                                                                               March 31,      December 31,
                                                                                 2001             2000
                                                                             (Unaudited)       (Audited)
                                                                             ------------     ------------
ASSETS

Current Assets:
<S>                                                                          <C>              <C>
          Cash                                                               $      3,127     $         --
          Accounts Receivable                                                      92,868           16,636
          Inventories                                                               3,255            3,255
          Prepaid Assets                                                            9,096            9,096
                                                                             ------------     ------------
                Total Current Assets                                              108,346           28,987
                                                                             ------------     ------------

Furniture and Equipment-Net                                                       905,036          924,148
                                                                             ------------     ------------

Other Assets
          Other Assets                                                                 --               --
          Goodwill, net of accumulated amortization
             of $67,793and $79,091, respectively                                  599,003          610,301
                                                                             ------------     ------------
                Total Other Assets                                                599,003          610,301
                                                                             ------------     ------------
                                                                             $  1,612,385     $  1,563,436
                                                                             ============     ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
          Accounts payable                                                   $     66,870     $     81,556
          Accrued expenses payable                                                130,766           73,562
          Related payables                                                        719,044          658,110
                                                                             ------------     ------------
                Total Current Liabilities                                         916,680          813,228
                                                                             ------------     ------------

Long-term Liabilities                                                                  --               --

Stockholders' Equity
          Common stock, par value $.001; 75,000,000 shares authorized,
                28,440,614 and 30,284,314 shares issued and outstanding,
                respectively, 2000 and 2001                                        30,284           28,441
          Preferred stock, par value $.001; shares authorized, 10,000,000
                no shares issued and outstanding                                       --
          Additional paid in capital                                            2,789,851        2,741,694
          Deficit                                                              (2,124,430)      (2,019,927)
                                                                             ------------     ------------
                Total Stockholders' Equity                                        695,705          750,208
                                                                             ------------     ------------
                                                                             $  1,612,385     $  1,563,436
                                                                             ============     ============
</TABLE>

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<PAGE>

                        CONDENSED STATEMENT OF OPERATIONS
                                   (Unaudited)

                                                     For the          For the
                                                  quarter ended    quarter ended
                                                     3/31/01          3/31/00
                                                  ------------     ------------

Income                                            $    143,750     $         --

Costs and Expenses:
        General and administrative                $    201,953     $    101,877
        Interest expense                                11,184           16,000
        Depreciation and amortization                   35,116            5,998
                                                  ------------     ------------
              Total costs and expenses                 248,253          123,875
                                                  ------------     ------------

Loss from Operations                                  (104,503)        (123,875)


Net Loss                                          $   (104,503)    $   (123,875)
                                                  ============     ============

Basic Loss Per Common Share                       $     (0.003)    $     (0.005)
                                                  ============     ============

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<PAGE>

                    NEW MILLENNIUM MEDIA INTERNATIONAL, INC.

                        CONDENSED STATEMENT OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                      For the          For the
                                                                   Quarter Ended    Quarter Ended
                                                                      3/31/01          3/31/00
                                                                    ------------     ------------
Cash Flows from Operating Activities:
<S>                                                                 <C>              <C>
     Net income (loss)                                              $   (104,503)    $   (123,875)
     Adjustments to reconcile net income (loss) to net
         cash provided by (used in) operating activities:
         Depreciation and amortization                                    35,116            5,998
         (Increase) decrease in accounts receivable                      (76,232)              --
         (Increase) decrease in inventories                                   --          (18,750)
         (Increase) decrease in prepaid expenses                              --           (5,000)
         Increase (decrease) in accounts payable
             and accrued expenses                                         42,517          (30,398)
                                                                    ------------     ------------
             Net cash provided by (used in) operating activities        (103,102)        (172,025)
                                                                    ------------     ------------

Cash Flows from Investing Activities
     Purchase of goodwill                                                     --             (500)
     Purchase of fixed assets                                             (4,705)          (3,457)
                                                                    ------------     ------------
             Net provided by (used in) investing activities               (4,705)          (3,957)
                                                                    ------------     ------------

Cash Flows from Financing Activities
     Proceeds from notes payable - Related                                60,934           15,000
     Proceeds from common stock transactions                              50,000          444,000
                                                                    ------------     ------------
             Net cash provided by (used in) financing activities         110,934          459,000
                                                                    ------------     ------------

Increase in cash and cash equivalents                               $      3,127     $    283,018

Cash and cash equivalents at beginning of period                    $         --     $      2,063
                                                                    ------------     ------------

Cash and cash equivalents at end of period                          $      3,127     $    285,081
                                                                    ============     ============

Supplemental disclosure of cash flow information:

     Cash paid during the year for interest                                   --               --

     Cash paid during the year for income taxes                               --               --
</TABLE>

5
<PAGE>

                    NEW MILLENNIUM MEDIA INTERNATIONAL, INC.

                   NOTES TO THE CONDENSED FINANCIAL STATEMENTS

                                   (UNAUDITED)

1.   Organization and Basis of Presentation
     --------------------------------------

     The  accompanying   unaudited  condensed  financial  statements  have  been
     prepared in accordance with generally  accepted  accounting  principles for
     interim  financial  information in accordance with rules and regulations of
     the Securities and Exchange Commission, including Rule 301(b) of Regulation
     SB and instructions to Form 10-Q.  Accordingly,  they do not include all of
     the information  and footnotes  required by generally  accepted  accounting
     principles  for  complete  financial  statements  and  should  be  read  in
     conjunction  with the  Company's  Annual  Report (Form 10-KSB) for the year
     ended  December 31, 2000.  In the opinion of  management,  all  adjustments
     (consisting of normal recurring accruals)  considered  necessary for a fair
     presentation  have been included.  Operating  results for the quarter ended
     March 31, 2001 are not  necessarily  indicative  of the results that may be
     expected for the year ending  December 31, 2001.  The results of operations
     for the three months ended March 31, 2001 are not necessarily indicative of
     the operating results for the full fiscal year or any future period.

2.   Going Concern Uncertainty
     -------------------------

     The Company has incurred recurring operating losses and negative cash flows
     and has negative working capital. The Company has financed itself primarily
     through  the  sale  of  its  stock  and  related  party  borrowings.  These
     conditions raise  substantial doubt about the Company's ability to continue
     as a going concern.

     There can be no assurance that the Company will be success in  implementing
     its  plans,  or if such plans are  implemented,  that the  Company  will be
     successful.

     The accompanying  financial statements have been prepared assuming that the
     Company will continue as a going concern and do not include any adjustments
     to  reflect  the  possible   future  effect  on  the   recoverability   and
     classification  of assets or the amount and  classification  of liabilities
     that might result from the outcome of this uncertainty.

3.   Subsequent Events
     -----------------

     The  Company  approved a 1 for 5,  reverse  stock  split,  with a resulting
     decrease  in the  number of Common  Stock  authorized  from  75,000,000  to
     15,000,000 shares at a special Meeting of Stockholders on May 7, 2001.

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<PAGE>

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

Management's   discussion  and  analysis   contains   various  "forward  looking
statements." Such statements consist of any statement other than a recitation of
historical fact and can be identified by the use of forward-looking  terminology
such as "may,"  "expect,"  "anticipate,"  "estimate,"  or  "continue"  or use of
negative or other  variations or comparable  terminology.  We caution that these
statements  are further  qualified by important  factors that could cause actual
results  to  differ  materially  from  those  contained  in the  forward-looking
statements,  that these forward-looking  statements are necessarily speculative,
and there are certain risks and uncertainties  that could cause actual events or
results to differ  materially  from those  referred  to in such  forward-looking
statements.

The  discussion  and  financial  statements  contained  herein are for the three
months ended March 31, 2001 and 2000.  The  following  discussion  regarding the
financial  statements  of the  Company  should be read in  conjunction  with the
financial statements of the Company included herewith.

OVERVIEW
The Company is an operational stage company, heretofore having been considered a
development  stage  company.   We  have  generated  cash  needs  through  equity
financings and loans from officers and  stockholders.  As an  operational  stage
company,  we have  devoted  substantially  all of our  efforts in  securing  and
establishing  our business.  We have engaged in  activities  in the  advertising
business,  with  revenues  generated in the current  quarter in comparison to no
revenue being generated in the prior year quarter.  The primary  activity of the
Company   currently   involves   two   types   of   visual   advertising,    the
Illumisign-Eyecatcher  movable display boards and LED display boards.  We retain
ownership of both types of these  machines and sell the  advertising  space on a
monthly basis. Presently we are reviewing more current models of movable display
boards  including  plasma  screen  boards  that could be loaded  and  controlled
through telephone modem or the Internet.

PLAN OF OPERATIONS
The Company is continuing to devote  substantially all of its present efforts to
implementing  its  operational  and  marketing  plans  designed to establish new
business  accounts  for its LED  display  boards  and the  Illumisign-Eyecatcher
static  boards.  Through  much  of this  first  quarter  the  Company  has  been
negotiating with Carson Jensen Anderson Enterprises,  Inc. d/b/a EyeCatcherPlus,
the Company's marketing affiliate,  to take over "in-house" all future marketing
activity.  This effort finally came to fruition very recently.  As a result, the
Company will presently conduct all marketing in-house,  but will continue to use
the  EyeCatcherPlus  logo,  marketing  material and  website.  We feel that this
decision will have the net effect of "cutting out the middle man" and increasing
Company revenues.

LIQUIDITY AND CAPITAL RESOURCES
As in the past, our liquidity has been principally  supplied by equity financing
and loans from related  parties.  Accounts  Receivable have risen  considerably;
however,  management  feels  that  most,  if not all,  of these  receivable  are
collectable.

RESULTS OF OPERATIONS
Although the Total Costs and  Expenses  has doubled  when  compared to the first
quarter of 2000, the  comparative  Net Loss for these two quarters has decreased
by 15.6% and the  Basic  Loss Per  Common  Share  for the same  comparative  two
quarters has decreased from

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<PAGE>

$(0.005) to $(0.003), a comparative Basic Loss Per Common Share decrease of 40%.
Compared  to a year ago,  we are now fully  staffed  and  beginning  to  produce
income.  We are  continuing  to  concentrate  on  establishing  new business and
increasing  sales relating to both the IllumiSign  Eyecatcher and the mobile LED
display truck.

NET LOSS
Net Loss from  Operating  Activities  has  decreased  $19,372  for this  quarter
compared  to the  first  quarter  of  2000,  this  equates  to  15.6%.  The same
comparison shows a decrease of $68,924 in Net Cash Used In Operating Activities,
a percentage decrease of 40%. This is due in large part to increase in sales and
an increase  in the  accounts  receivable.  The Net Cash  Provided by  Financing
Activities  has decreased  considerably  for this first quarter  compared to the
first  quarter  of 2000.  Management  feels  that  this is a good  time to limit
financing activities and focus on growth through increasing cash flow.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Registrant is a Small business  issuer as defined by these  Regulations and need
not provide the information required by this Item 3.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The  Company  was a  defendant  in a lawsuit  filed on  November  5, 1999 in the
Circuit Court of the Eleventh  Judicial  Circuit in and for  Miami-Dade  County,
Florida,  Case Number  99-26073 CA 10.  January 24, 2001 the parties agreed to a
settlement.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS.

COMMON STOCK, REVERSE STOCK SPLIT
At a  shareholders'  meeting held May 7, 2001 a  resolution  was approved by the
shareholders to reverse split all shares of common stock at a ratio of one share
for each five shares  authorized.  As described in the Proxy  Statement that was
sent to each shareholder prior to the shareholders'  meeting. The Company has no
plans for the cancellation or purchase of shares of Common Stock from holders of
a nominal  number of  shares  following  the  Reverse  Split and has no  present
intention  to take the  Company  private  through  Reverse  Split or  otherwise.
Management, in recommending this reverse stock split, feels that this split will
increase the marketability of the common stock.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

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

None.

ITEM 5. OTHER INFORMATION.

None.

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<PAGE>

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (SECT. 249.308 OF THIS CHAPTER).

Financial Statements are incorporated in the body of this report.

No reports on Form 8-K have been filed  during the quarter for which this report
is filed.

                                   SIGNATURES

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

Signed and submitted this 14th day of May 2001.


                                        New Millennium Media International, Inc.
                                                      (Registrant)

                                        by: _________________________________
                                            John Thatch as President/CEO

9