As filed with the Securities and Exchange Commission on August 3, 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 June 30, 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 June 30, 2001 there were  7,016,861  shares of the Company's  common stock
issued and outstanding.

<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
                   Liquidity and Capital Resources.............................9
                   Results of Operations......................................10
                   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............................11
          Item 4   Submission of Matters to a Vote of Security Holders........11
          Item 5   Other Information..........................................11
          Item 6   Exhibits and Reports on Form 8-K...........................11
Signatures....................................................................12

                                       2
<PAGE>

                          PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

                 NEW MILLENNIUM MEDIA INTERNATIONAL, INC.
                         CONDENSED BALANCE SHEET

<TABLE>
<CAPTION>
                                                              JUNE 30,        DECEMBER 31,
                                                                2001             2000
                                                             (UNAUDITED)       (AUDITED)
                                                             ------------     ------------
ASSETS

Current Assets:
<S>                                                          <C>              <C>
   Cash                                                      $     18,288     $         --
   Accounts Receivable                                            131,575           16,636
   Inventories                                                      3,255            3,255
   Prepaid Assets                                                  10,972            9,096
                                                             ------------     ------------
      Total Current Assets                                        164,090           28,987
                                                             ------------     ------------

Furniture and Equipment-Net                                       887,279          924,148
                                                             ------------     ------------

Other Assets
   Other Assets                                                        --               --
   Goodwill, net of accumulated amortization
      of $90,389 and $67,793, respectively, 2001 and 2000         587,705          610,301
                                                             ------------     ------------
      Total Other Assets                                          587,705          610,301
                                                             ------------     ------------
                                                             $  1,639,074     $  1,563,436
                                                             ============     ============
LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable                                          $     55,798     $     81,556
   Accrued expenses payable                                       380,350           73,562
   Related payables                                               753,996          658,110
                                                             ------------     ------------
      Total Current Liabilities                                 1,190,144          813,228
                                                             ------------     ------------

Long-term Liabilities                                                  --               --

Stockholders' Equity
   Common stock, par value $.001; 15,000,000 (restated -
      see note 3) shares authorized; 7,116,862 and
      5,688,123 (restated - see note 3) shares issued
      and outstanding, respectively, 2001 and 2000                  7,117            5,688
   Preferred stock, par value $.001; shares authorized,
      10,000,000 no shares issued and outstanding                      --               --
   Additional paid in capital                                   3,701,018        2,764,447
   Accumulated Deficit                                         (2,384,205)      (2,019,927)
                                                             ------------     ------------
                                                                1,323,930          750,208
   Treasury Stock, 1,000,000 shares at cost                      (875,000)              --
                                                             ------------     ------------
        Total Stockholders' Equity                                448,930          750,208
                                                             ------------     ------------
                                                             $  1,639,074     $  1,563,436
                                                             ============     ============
</TABLE>

                                        3
<PAGE>

                    NEW MILLENNIUM MEDIA INTERNATIONAL, INC.

                        CONDENSED STATEMENT OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                   FOR THE          FOR THE          FOR THE          FOR THE
                                                   QUARTER          QUARTER         SIX MONTHS       SIX MONTHS
                                                    ENDED            ENDED            ENDED            ENDED
                                                   6/30/01          6/30/00          6/30/01          6/30/00
                                                 ------------     ------------     ------------     ------------
<S>                                              <C>              <C>              <C>              <C>
Income                                           $     74,991     $      1,044     $    218,741     $      1,044

Costs and Expenses:
       General and administrative                $    284,091     $    199,512     $    486,044     $    301,389
       Interest expense                                15,559           16,000           26,743           32,000
       Depreciation and amortization                   35,116            6,068           70,232           12,066
                                                 ------------     ------------     ------------     ------------
            Total costs and expenses                  334,766          221,580          583,019          345,455
                                                 ------------     ------------     ------------     ------------

Loss from Operations                                 (259,775)        (220,536)        (364,278)        (344,411)
                                                 ------------     ------------     ------------     ------------

Net Loss                                         $   (259,775)    $   (220,536)    $   (364,278)    $   (344,411)
                                                 ============     ============     ============     ============

Basic and Fully Diluted Loss Per Common Share    $     (0.039)    $     (0.048)    $     (0.057)    $     (0.073)
                                                 ============     ============     ============     ============

Weighted Average Number of Shares Outstanding       6,586,863        4,615,892        6,402,493        4,717,934
                                                 ============     ============     ============     ============
</TABLE>

                                       4
<PAGE>

                    NEW MILLENNIUM MEDIA INTERNATIONAL, INC.
                        CONDENSED STATEMENT OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                             FOR THE          FOR THE         FOR THE          FOR THE
                                                             QUARTER          QUARTER        SIX MONTHS       SIX MONTHS
                                                              ENDED            ENDED            ENDED            ENDED
                                                             6/30/01          6/30/00          6/30/01          6/30/00
                                                          ------------     ------------     ------------     ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                       <C>              <C>              <C>              <C>
   Net income (loss)                                      $   (259,775)    $   (220,536)    $   (364,278)    $   (344,411)
   Adjustments to reconcile net income (loss) to net
      cash provided by (used in) operating activities:
      Depreciation and amortization                             35,116            6,068           70,232           12,066
      (Increase) decrease in accounts receivable               (38,707)              --         (114,939)              --
      (Increase) decrease in inventories                            --               --               --          (18,750)
      (Increase) decrease in prepaid expenses                   (1,876)          (1,215)          (1,876)          (6,215)
      Increase (decrease) in accounts payable
         and accrued expenses                                  238,512           42,772          281,030           12,374
                                                          ------------     ------------     ------------     ------------
         Net cash provided by (used in)
              operating activities                             (26,730)        (172,911)        (129,831)        (344,936)
                                                          ------------     ------------     ------------     ------------
CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of goodwill                                             --               --               --             (500)
   Purchase of fixed assets                                     (6,062)          (1,626)         (10,767)          (5,083)
                                                          ------------     ------------     ------------     ------------
         Net provided by (used in) investing
              activities                                        (6,062)          (1,626)         (10,767)          (5,583)
                                                          ------------     ------------     ------------     ------------
CASH FLOWS FROM FINANCING ACTIVITIES
   Proceeds from notes payable - Related                        34,952               --           95,886           15,000
   Proceeds from common stock transactions                     888,000           19,000          938,000          463,000
   Cost of Treasury Stock Acquired                            (875,000)              --         (875,000)              --
                                                          ------------     ------------     ------------     ------------
         Net cash provided by (used in)
              financing activities                              47,952           19,000          158,886          478,000
                                                          ------------     ------------     ------------     ------------

Increase in cash and cash equivalents                     $     15,160     $   (155,537)    $     18,288     $    127,481

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

Cash and cash equivalents at end of period                $     15,160     $   (155,537)    $     18,288     $    129,544
                                                          ============     ============     ============     ============

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.  The results of  operations  for the six
     months ended June 30, 2001 are not necessarily  indicative of the operating
     results for the full year or any future period.

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

     The financial  statements are presented  assuming the Company will continue
     as a going concern. 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  successful  in
     implementing its plans, or if such plans are implemented,  that the Company
     will achieve its goals.

     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.   Equity Transactions
     -------------------

     As  approved  at a Special  Meeting of  Stockholders  on May 7,  2001,  the
     Company  reverse  split  its  common  stock  on a  basis  of 1 for 5 with a
     resulting  decrease in the number of common stock  authorized to 15,000,000
     shares.  The Company has restated its financial  statements to reflect this
     common stock reverse split.

                                       6
<PAGE>

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

GENERAL
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 June 30, 2001 and 2000,  and for the six months ended June 30, 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 no longer a development  stage company as defined in Statement of
Financial  Accounting  Standards No. 7, "Accounting and Reporting by Development
Stage  Enterprises." We have generated our 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 new
businesses.  We have engaged in limited activities in the advertising  business,
but no significant revenues have been generated to date. The primary activity of
the  Company  currently  involves  several  types  of  visual  advertising:  The
IllumiSign-Eyecatcher  front-lit movable display board,  "EyeCatcher  Powered by
Insight" back-lit movable display boards, plasma screens and LED display boards.
We retain ownership of all types of the machines and sell the advertising  space
on a monthly basis.

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 motion  display  boards  and the mobile LED  boards.
Through much of the first quarter the Company had 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 came
to fruition May 10, 2001. As a result, the Company hired a general sales manager
to conduct all marketing  in-house and 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.  The  attached  Condensed  Balance  Sheet shows our Current  Assets
increased  from  $28,987 to $164,090 for the  comparative  terms ending June 30,
2000 and December 31, 2000, respectively. Our Total Assets increased $75,638 for
the same  comparative  period,  an increase of 13%.  Our  Shareholders'  equity,
before the treasury stock, showed an

                                       7
<PAGE>

increase of $573,722,  an increase of 76% for June 30, 2001 compared to December
31, 2000.

RESULTS OF OPERATIONS
Although the Total Costs and Expenses are still high, there is a lowering trend.
The first six months of 2000  compared to the first six months of 2001 showed an
increase of $237,564,  in increase of 68%; however,  for the comparative  second
quarter  terms in 2000 versus 2001 the amount  decreased to $113,186,  51%. When
the first six months of 2001 are  compared to the second  quarter of 2001,  this
comparison  percentage drops to 42%. If the non-cash charges  (Depreciation  and
amortization) are not considered, this become even more apparent.

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 two  quarters  has
decreased from $(0.005) to $(0.003),  a decrease of 40%. Compared to a year ago,
we are now fully staffed and beginning to produce income, an increase of $73,947
for the 2001 second quarter compared to the same 2000 quarter. We are continuing
to concentrate on establishing new business and increasing sales relating to the
IllumiSign-Eyecatcher front-lit movable display board; our new product line, the
"EyeCatcher  Powered by Insight" back-lit movable display board;  plasma screens
and LED display boards, both stationary and truck mounted.

NET LOSS
Net Loss from Operating  Activities has increased  $19,867 for the first half of
2001 compared to the same half year of 2000, a 5.7% increase;  however,  for the
same comparative  periods the "Net cash used in operating  activities  decreased
$215,105,  a 62% decrease.  This is due in large part to increase in sales and a
decrease in the accounts receivable. Although the Net Cash Provided by Financing
Activities  has  decreased for this first half year compared to the same term of
2000,  we expect  this  figure to increase in the future as we access our equity
line with Swartz Private Equity,  LLC. Management feels that this is a good time
to  gradually  increase  financing  activities  in order to finance  new display
machines for all of our product lines which are intended to generate  additional
cash flow. Our focus continues to be 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.

                                       8
<PAGE>

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS.

COMMON STOCK, REVERSE STOCK SPLIT
May 7, 2001 the  shareholders  voted to amend the Articles of  Incorporation  to
decrease  the number of  authorized  shares of common stock from  75,000,000  to
15,000,000, the 5:1 split (the Reverse Split). This amendment to the Articles of
Incorporation  became  effective May 18, 2001 and the Company trading symbol was
changed from NMMI to NMMG. See the Definitive  Proxy  Statement  filed April 18,
2001 for additional  information.  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.  Preferred shares, none of which are
issued at the present time, are not affected by this split.

REGISTRATION STATEMENT ON FORM S-8
June 4, 2001 the Company filled a  Registration  Statement on Form S-8 under the
Securities  Act with  respect to Common  Stock.  For  further  information  with
respect  to  the  Company  and  its  Common  Stock,  reference  is  made  to the
Registration Statement and the exhibits and schedules thereto.

SALE OF SECURITIES NOT REGISTERED
June 5, 2001 100,000 shares of non-registered  common stock were conveyed to Ray
Oliver  in  consideration  for  corporate  and  financial  strategic  consulting
services and analysis.

June 5, 2001  20,000  shares of  non-registered  common  stock were  conveyed to
Natalie Stavrakis in consideration for services rendered as corporate  secretary
over the past two years.

July 6, 2001 100,000  shares of  non-registered  common  stock were  conveyed to
Russell Wahl in  consideration  for a financial  obligation  owed to him and for
further  consideration  for current  consulting  services  being rendered in the
nature of corporate operational functions.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES.

None.

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

See above,  Item 2, Common Stock,  Reverse Split.  May 7, 2001 the  shareholders
voted to  amend  the  Articles  of  Incorporation  to  decrease  the  number  of
authorized  shares of common stock from 75,000,000 to 15,000,000,  the 5:1 split
(the Reverse Split). On the date of the May 7, 2001  Shareholders  Meeting there
were 28,902,462 shares qualified to vote. 18,935,611 votes were cast in favor of
the Reverse  Split and 318,914  votes were cast  against  the  proposed  Reverse
Split;  there were no abstentions.  The resolution passed by 65.5% of the issued
and outstanding shares voting in favor of the Reverse Split.

ITEM 5.  OTHER INFORMATION.

 On July 30,  2001 the Company  filed a Post  Effective  Amendment  Registration
 Statement  for  Small  Business  Issuers.  This  document  is a Post  Effective
 Amendment to Form SB-2 filed September 13, 2000.

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.

                                       9
<PAGE>

                                   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 3rd day of August 2001.



                                        New Millennium Media International, Inc.
                                                      (Registrant)

                                        by: /s/______________________________
                                            John Thatch as President/CEO

                                       10