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

                                   FORM 10-QSB

                                   (MARK ONE)

  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                                     OF 1934

                    FOR QUARTERLY PERIOD ENDED MARCH 31, 2002

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

         FOR THE TRANSITION PERIOD FROM ______________ TO ______________

                         COMMISSION FILE NUMBER 0-25658

                        DIGITAL BROADBAND NETWORKS, INC.
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

           COLORADO                                       84-1357927
(STATE OR OTHER JURISDICTION OF                (IRS EMPLOYER IDENTIFICATION NO.)
 INCORPORATION OR ORGANIZATION)

                     SUITE 11.02, 11TH FLOOR MENARA MERAIS,
                     NO. 1, JALAN 19/3, 46300 PETALING JAYA,
                               SELANGOR, MALAYSIA
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                               011 (603) 7956 7026
                (ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE)

                             KALAN GOLD CORPORATION
              (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  X      No

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


        Class                     Number of shares outstanding at May 10, 2002
        -------                   ----------------------------------------------
Common stock, $.00001 par value                   98,800,899


<PAGE>





FORM 10-QSB
1ST QUARTER
<TABLE>
<CAPTION>

                                      INDEX

                                                                                                                          Page
PART I  -  FINANCIAL INFORMATION
<S>        <c>                                                                                                            <C>
           ITEM 1. FINANCIAL STATEMENTS
           Condensed consolidated balance sheet as at March 31, 2002 (Unaudited)                                            3

           Condensed consolidated statements of operations for
           the three months ended March 31, 2002 and March 31, 2001 (Unaudited)                                             4

           Condensed consolidated statements of cash flows for the three months ended
           March 31, 2002 and March 31, 2001 (Unaudited)                                                                    5

           Notes to condensed consolidated financial statements (Unaudited)                                              6 - 11

            ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS                                                                12 - 16


PART II - OTHER INFORMATION

           ITEM 1. LEGAL PROCEEDINGS                                                                                       17

           ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS                                                               17

           ITEM 3. DEFAULTS UPON SENIOR SECURITIES                                                                         17

           ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                     17

           ITEM 5. OTHER INFORMATION                                                                                       17

           ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K                                                                        17

           SIGNATURES                                                                                                      18

</TABLE>

SAFE HARBOR STATEMENT

This Form 10-QSB and other reports filed by the Company from time to time with
the Securities and Exchange Commission, as well as the Company's press releases,
contain or may contain forward-looking statements and information that are based
upon beliefs of, and information currently available to, the Company's
management, as well as estimates and assumptions made by the Company's
management. Forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "may", "should", "anticipates",
"estimates", "expects", "future", "intends", "hopes" or "plans" or the negative
thereof. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual results of the Company
to vary materially from historical results or from any future results expressed
or implied in such forward-looking statements. Such factors include, among
others, the following: revocation of the Company's license, ability to
successfully implement its business plans, market acceptance of fixed wireless
broadband services, ability to obtain services provided by other communications
companies, limited suppliers of LMDS equipment, failure to obtain roof access,
the ability of the Company to raise capital on a timely basis, the Company's
business is subject to existing and future government regulations, failure to
retain qualified personnel, competitive pressures and potentially adverse tax
and cash flow consequences resulting from operating in multiple countries with
different laws and regulations, ability to maintain profitability in the future,
the ability of the Company to deploy VISIONET, and general economic and business
conditions in Malaysia. The Company does not undertake to update, revise or
correct any of the forward-looking information.


                                       2
<PAGE>



PART I -  FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

<TABLE>
<CAPTION>

                DIGITAL BROADBAND NETWORKS, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET
                                 MARCH 31, 2002
                                   (Unaudited)


                                     ASSETS
Current assets:

<S>                                                                                                      <C>
      Cash                                                                                               $              14,433
      Accounts receivable, less allowance for doubtful
        accounts of $324,000                                                                                         1,834,276
      Prepaid expenses                                                                                                  48,761
      Inventories                                                                                                        1,248
                                                                                                               ---------------
                Total current assets                                                                                 1,898,718
Furniture and equipment, net                                                                                         1,616,190
Goodwill                                                                                                               471,150
Long-term receivables, related parties                                                                                 761,921
                                                                                                               ---------------
                                                                                                         $           4,747,979
                                                                                                               ===============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

      Current portion of capital lease obligations                                                       $              48,375
      Accounts payable                                                                                                 625,354
      Accrued expenses                                                                                                 126,450
      Amount due to an affiliated company                                                                              417,603
      Amount due to a director                                                                                         242,900
                                                                                                               ---------------
                Total current liabilities                                                                            1,460,682
                                                                                                               ---------------
Capital lease obligations, net of current portion                                                                      108,929
Deferred gain                                                                                                          729,395
                                                                                                               ---------------
                Total liabilities                                                                                    2,299,006
                                                                                                               ---------------

Minority interest                                                                                                      131,345
                                                                                                               ---------------
Commitments and contingencies

Shareholders' equity:
      Preferred stock, $0.10 par value; 1,000,000 shares authorized;
        no shares issued and outstanding
      Common stock, $.00001 par value; 100,000,000 shares authorized;
        98,800,899 shares issued and outstanding                                                                           987
      Additional paid-in capital                                                                                     3,546,742
      Options                                                                                                           22,945
      Deferred compensation                                                                                            (10,835)
      Accumulated deficit                                                                                           (1,298,780)
      Accumulated other comprehensive income                                                                            56,569
                                                                                                               ---------------
                Total shareholders' equity                                                                           2,317,628
                                                                                                               ---------------
                                                                                                         $           4,747,979
                                                                                                               ===============
      See accompanying notes to condensed consolidated financial statements
</TABLE>


                                       3
<PAGE>

<TABLE>
<CAPTION>


                DIGITAL BROADBAND NETWORKS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

                                                                                                 Three months ended
                                                                                                      March 31
                                                                                           2002                      2001
                                                                                          ------                    -------

<S>                                                                                      <C>                        <C>
Revenue                                                                                  3,335,338                  936,053
Cost of revenues                                                                         3,158,229                  828,974
                                                                                     -------------           --------------
Gross profit                                                                               177,109                  107,079
                                                                                     -------------           --------------
Operating expenses:
      Sales and marketing                                                                   15,416                   20,216
      General and administrative:

        Related parties                                                                     30,000                   30,000
        Others                                                                             190,372                  162,596
                                                                                     -------------           --------------

Total operating expenses                                                                   235,788                  212,812
                                                                                     -------------           --------------
Loss from operations                                                                       (58,679)                (105,733)
                                                                                     -------------           --------------
Other income (expense):
      Interest expense                                                                      (4,233)                  (5,109)
      Gain on disposal of assets                                                               --                       526
      Other income                                                                             135                       --
                                                                                     -------------           --------------
                                                                                            (4,098)                  (4,583)
                                                                                     -------------           --------------

Loss before minority interest                                                              (62,777)                (110,316)

Minority interest                                                                           (3,026)                  10,567

                                                                                     -------------           --------------

Net loss                                                                           $       (65,803)          $      (99,749)

                                                                                   ===============           ==============
Basic and diluted loss per common share                                            $            *            $            *
                                                                                   ===============           ==============
Weighted average number of common shares outstanding                                    97,965,219               97,290,999
                                                                                   ===============           ==============

</TABLE>


* Less than $.01 per share

      See accompanying notes to condensed consolidated financial statements



                                       4
<PAGE>


<TABLE>
<CAPTION>

                DIGITAL BROADBAND NETWORKS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                                                            Three Months Ended
                                                                                                 March  31
                                                                                        2002                     2001
                                                                                      --------                 --------
<S>                                                                                 <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES
      Net cash used in operating activities                                         $      (175,107)     $     (78,686)
                                                                                    ----------------     --------------

CASH FLOWS FROM INVESTING ACTIVITIES
      Proceeds from disposal of fixed assets                                        $            --      $         526
      Proceeds from disposal of investment in subsidiaries                                       --             13,421
      Purchase of fixed assets                                                               (1,155)                --
                                                                                    ---------------      -------------
             Net cash (used in) provided by investing activities                    $        (1,155)            13,947
                                                                                    ---------------      -------------

CASH FLOWS FROM FINANCING ACTIVITIES
      Proceeds from issue of shares of common stock                                 $        89,029                 --
      Advances from affiliated company                                                      116,039             10,129
      Net proceeds from (payments on) a director loan                                       (12,450)            54,386
      Payment of obligation under capital leases                                             (2,325)                --
                                                                                    ---------------       ------------
             Net cash provided by financing activities                              $       190,293       $     64,515
                                                                                    ---------------       ------------

Net (decrease) increase in cash                                                              14,031               (224)
Cash, beginning of period                                                                       402              4,071
                                                                                    ---------------      -------------
Cash, end of period                                                                 $        14,433      $       3,847
                                                                                    ===============      =============

</TABLE>

     See accompanying notes to condensed consolidated financial statements


                                       5
<PAGE>



                        DIGITAL BROADBAND NETWORKS, INC.
          NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
                                 MARCH 31, 2002
                                   (UNAUDITED)

1. BASIS OF PRESENTATION

The accompanying unaudited interim consolidated financial statements of Digital
Broadband Networks, Inc. (the "Company") include the accounts of Digital
Broadband Networks, Inc. (f/k/a Kalan Gold Corporation) and its wholly-owned
subsidiary, Animated Electronic Industries Sdn Bhd ("AEI"), as well as AEI's 86%
owned subsidiary, Perwimas Telecommunications Sdn Bhd ("PTSB"), companies
incorporated in Malaysia. All significant intercompany accounts and transactions
have been eliminated on consolidation.

The unaudited condensed consolidated financial statements presented herein have
been prepared in accordance with the instructions to Form 10-QSB and do not
include all the information and note disclosures required by United States
generally accepted accounting principles for complete financial statements.

In the opinion of management, all adjustments (consisting only of normal
recurring adjustments) which are necessary to provide a fair presentation of
financial position, operating results and cash flows for the interim periods
presented have been made. It is the Company's opinion that, when the interim
financial statements are read in conjunction with the December 31, 2001 Annual
Report on Form 10-KSB, the Company's disclosures are adequate to make the
information presented not misleading. The results of operations for the interim
periods presented are not necessarily indicative of the results to be expected
for the entire year.


2. GOING CONCERN AND MANAGEMENT'S PLANS

The accompanying condensed consolidated financial statements have been prepared
on a going concern basis, which contemplates the realization of assets and the
settlement of liabilities and commitments in the normal course of business. For
the three-month period ended March 31, 2002, the Company reported a net loss of
$65,803 and at March 31, 2002, has an accumulated deficit of $1,298,780. The
Company suffered losses from operations and had negative cash flows from
operating activity during the past two years, and expects to incur continued
cash outflows, which are expected to result in an increased working capital
deficiency within the current fiscal year. As a result, the Company may
experience difficulty and uncertainty in meeting its liquidity needs during the
current fiscal year.


The Company is developing a wireless broadband network, "VISIONET", in Malaysia
and intends to acquire additional licenses and spectrum rights in other Asian
markets. In November 2000, PTSB entered into a strategic alliance with a
Malaysian Internet service provider. In September 2001, PTSB was awarded an
Application Service Provider (ASP) license by the Malaysian Communications and
Multimedia Commission. Management believes the ASP license will complement the
wireless broadband license previously granted to the Company in 1997. The
Company has now developed a revised business model based on the operations of an
integrated national broadband network. The Company expects to generate revenues
by providing other broadband communication services that include:

1.   operation of VISIONET;

2.   construction of owned and operated networks for third parties;

3.   development and operation of local mobile networks that provide mobile
     Internet access through handheld devices; and

4.   production and delivery of training and adult education programs.


                                       6
<PAGE>


2. GOING CONCERN AND MANAGEMENT'S PLANS (continued)

As in the establishment of many other new businesses, there are various risk
factors including competition, technology availability and market acceptance
risks. The Company requires substantial amounts of capital to establish its
business and expects to incur substantial losses over the next few years.

The Company's plan to overcome its financial difficulties and return to
profitability centers on expanding its business in multimedia content production
and the roll out of VISIONET. The Company established its first VISIONET cell in
December 2001 and hopes to commence commercial operation sometime in the first
half of 2002 but cannot provide assurance that any target launch date will be
met. The Company is currently negotiating with application service providers to
host and deliver their content via VISIONET.

The Company believes that sufficient cash will be generated from the following
sources to fund its operations for the next twelve months:

o    Intensification of efforts to collect overdue receivables. The Company
     intends to keep close contact with its debtors to keep updated on their
     liquidity status. Legal action will only be taken as a last resort.

o    Advances from a director/officer who is also a major shareholder as
     required to finance the Company's working capital requirements.

o    Additional revenue provided by: (i) a consulting contract, which is
     estimated to generate $2.85 million in revenue, to carry out the planning,
     design, project execution (including contract and project management) of
     all broadband communications and networking systems/services for Pulau
     Indah-Marina Village, (ii) a contract, which is estimated to generate
     $550,000 in revenue over a three-year period, to carry out the planning,
     design, project execution of all broadband communications and networking
     systems/services for a commercial/housing project in Selangor, Malaysia.

o    The Company may consider a private placement of its shares.

o    The Company may also seek to obtain equipment financing.

The Company also hopes that additional cash will be generated from the marketing
agreement with Worldlink Dotcom Sdn. Bhd. to distribute its service gateway for
home/office automation in Malaysia, Singapore and Australia and from the
distribution agreement with Mutual Base Equity Sdn. Bhd. for sale of the Eystar
SmartHome Console in Malaysia and Singapore.

With the above plans and barring any unforeseen circumstances, Management
believes the Company will be able to continue as a going concern.


3. SIGNIFICANT ACCOUNTING POLICIES

TRANSLATION OF CURRENCIES

The functional currency of the Company's subsidiaries is the Malaysian Ringgit.
The financial statements of these subsidiaries are translated into United States
dollars (USD) using period-end rates of exchange for assets and liabilities, and
average rates of exchange for the period for revenues and expenses. Translation
gains and losses are treated as a component of shareholders' equity. The
reporting currency used in the financial statements is USD unless otherwise
stated.

                                       7
<PAGE>


REVENUE RECOGNITION

Revenue represents the net invoiced value of goods sold or fees earned from the
production of multimedia programs and Intranet and management and consulting
services. The Company recognizes revenue from the sales of goods in the period
when significant risks and rewards of ownership has transferred to its
customers. The Company recognizes revenue from the services provided in the
period in which the services are performed and when there is no significant
uncertainty regarding the consideration to be received and the associated costs
to be incurred.

NET LOSS PER COMMON SHARE

Loss per common share is calculated by dividing net loss by the weighted average
number of common shares outstanding for the period. Diluted loss per common
share includes the dilution that would occur if outstanding stock options and
other dilutive securities were exercised, unless the effect is anti-dilutive.

GOODWILL

Goodwill represents the costs of the Company's investment in PTSB in excess of
the net tangible assets acquired, and was being amortized since December 2000 on
the straight line method over five years.

Beginning January 1, 2002, pursuant to SFAS No. 142, goodwill is no longer being
amortized, but is subject to annual impairment tests in accordance with the
standard. Through December 31, 2001, management assessed the carrying value of
goodwill and other long-lived assets for impairment when circumstances warranted
such a review, pursuant to SFAS No. 121. Beginning in 2002, the Company applied
newly issued standards to test for impairment of goodwill and long-lived assets.

INCOME TAXES

Income taxes are provided for the tax effects of transactions reported in the
financial statements and consist of taxes currently due plus deferred taxes
related primarily to differences between the recorded book basis and tax basis
of assets and liabilities for financial and income tax reporting. The deferred
tax assets and liabilities represent the future tax return consequences of those
differences, which will either be taxable or deductible when the assets and
liabilities are recovered or settled. Deferred taxes are also recognized for
operating losses that are available to offset future taxable income and tax
credits that are available to offset future federal income taxes.

The Company incurred net losses for the three-month periods ended March 31, 2002
and 2001, therefore, the Company had no tax provision.

INVENTORIES:

Inventories, which are comprised of peripherals for surveillance and wireless
communication, are stated at the lower of cost or net realizable value. Cost is
determined on a first-in-first-out basis.

ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the balance sheet and the reported amounts of revenues and expenses during the
reporting periods. Actual results could differ from those estimates.


                                       8
<PAGE>

RECENTLY ISSUED ACCOUNTING STANDARDS

In 2001, the Company adopted SFAS No. 133, Accounting for Derivative Instruments
and Hedging Activities. This statement, as amended, establishes accounting and
reporting standards for derivative instruments, including certain derivative
instruments embedded in other contracts, and for hedging activities. Currently,
the Company does not have any derivative financial instruments and does not
participate in hedging activities; therefore, this statement had no impact on
the Company's consolidated financial statements.

In July 2001, the Financial Accounting Standards Board (FASB) issued SFAS No.
141, Accounting for Business Combinations, and SFAS No. 142, Goodwill and Other
Intangible Assets. SFAS No. 141 requires that the purchase method of accounting
be used for all business combinations initiated after June 30, 2001. Use of the
pooling-of-interests method is prohibited after that date. SFAS No. 141 also
establishes specific criteria for the recognition of intangible assets. This
pronouncement did not have an impact on the Company's consolidated financial
statements.

SFAS No. 142, effective for fiscal years beginning after December 15, 2001,
establishes accounting and reporting standards for goodwill and other intangible
assets. Under SFAS No. 142, goodwill and intangible assets deemed to have
indefinite lives will no longer be amortized, but will be subject to annual
impairment tests in accordance with the standard. Other intangible assets will
continue to be amortized over their useful lives. Application of the
non-amortization provisions of the standard is expected to result in an annual
reduction in amortization expense of approximately $118,000. The Company
performed the first of the required impairment tests of goodwill under SFAS No.
142 effective January 1, 2002 and determined that there is no impairment to the
value of its goodwill as of that date.

In August 2001, the FASB issued SFAS No. 144, Accounting for the Impairment or
Disposal of Long-Lived Assets, which addresses accounting and financial
reporting for the impairment or disposal of long-lived assets. This statement is
effective for fiscal years beginning after December 15, 2001. The Company has
determined that SFAS No. 144 does not have a significant impact on its financial
condition and results of operations for the three-months ended March 31, 2002.

RECLASSIFICATIONS

Certain amounts in the prior period financial statements have been reclassified
for comparative purposes to conform to the presentation in the current period
financial statements.

4. SHAREHOLDERS' EQUITY

On November 1, 2001, the Company granted options to purchase 250,000 shares of
the Company's common stock at $0.12 per share to a consultant for services to be
provided to the Company. These options are exercisable through October 2006,
contingent upon continuous service by the consultant through specified dates.
125,000 of the options, which vest April 30, 2002, were valued at $0.06 per
share, and the remaining 125,000 options, which vest October 31, 2002, were
valued at $0.10 per share, based upon the Black-Sholes option pricing model,
resulting in recognition of compensation expense of $6,844 during the
three-months ended March 31, 2002.

On February 16, 2002, the Company granted options to purchase 60,000 shares of
the Company's common stock at $0.12 per share to a consultant for services to be
provided to the Company. These options are exercisable in August 2002,
contingent upon continuous service by the consultant through specified dates,
through February 2007. The options were valued at $0.05 per share, based upon
the Black-Sholes option pricing model, resulting in recognition of compensation
expense of $705 during the three-months ended March 31, 2002.

                                       9
<PAGE>

4. SHAREHOLDERS' EQUITY (Continued)

On March 12, 2002, three officers and directors of the Company exercised options
to purchase 720,000 shares of the Company's restricted common stock at an
exercise price of $0.085 per share, for a total cash consideration of $61,200.

On March 14, 2002, the Company sold 250,000 shares of restricted common stock at
$0.085 per share to a shareholder in a private placement for cash consideration
of $21,250.

On March 30, 2002, an officer and an employee of the Company exercised options
to purchase 77,400 shares of the Company's restricted common stock at an
exercise price of $0.085 per share, for a total cash consideration of $6,579.

5. COMMITMENTS AND CONTINGENCIES:

As of March 31, 2002, the Company has committed to purchase equipment valued at
$300,000 in 2002 for the commercial rollout of VISIONET. The purchase is
conditional upon completion of successful trial of the equipment by the Company.

On November 28, 2001, the Company signed an agreement to purchase office space
in Australia for $1.8 million Australian dollars (approximately $960,000 USD at
March 31, 2002). The Company intends to lease the space for rental until it
finalizes its plan to relocate its Asian headquarters to Australia. Pursuant to
the terms of the agreement, the Company has paid a sum of $5,200 as deposit for
the above property. The purchase is subject to the approvals of the Australian
Foreign Investment Review Board and a few other relevant statutory approvals as
necessary under applicable laws. The purchase has not been completed as the
Company has yet to receive approval from Australian Foreign Investment Review
Board to proceed with the purchase.

In January 2002, the Company signed an agreement to purchase approximately $19
million of equipment over the next five years. These equipment purchases are
subject to inspection and acceptance by the Company depending upon certain
performance standards being satisfactorily met.

6. SIGNIFICANT CONCENTRATIONS OF CREDIT RISK:

The Company grants credit, generally without collateral, to its customers. Two
customers accounted for substantially all revenue earned during the three months
ended March 31, 2002. During the three-month period ended March 31, 2001, no one
customer accounted for greater than 10% of net revenues.

One supplier accounted for substantially all cost of revenue during the
three-months ended March 31, 2002. The Company is not dependent upon one single
supplier to provide the services that it requires. During the fourth quarter of
2001, the Company made a strategic decision to engage the services of one sole
supplier after taking into consideration the quality of service and competitive
pricing being offered. Should the need arise, the Company could utilize
alternative suppliers for the services that it requires. For the three-months
ended March 31, 2001, no one supplier accounted for more than 10% of cost of
revenue.


                                       10
<PAGE>


7. SUBSEQUENT EVENT

On April 2, 2002, the Company formed Digital Broadband Networks, Inc., ("DBNI
Delaware"), a wholly-owned Delaware corporation.

On April 4, 2002, the Company executed an AGREEMENT AND PLAN OF MERGER (the
"Merger Agreement") with DBNI Delaware, its wholly owned subsidiary, to which
the Company will change the state of incorporation (the "Reincorporation") from
Colorado to Delaware by merging with and into DBNI Delaware, with DBNI Delaware
being the surviving corporation. The surviving corporation will be known as
Digital Broadband Networks, Inc. In connection with the Reincorporation, the
shareholders of the Company will receive one share of common stock of DBNI
Delaware, par value $0.00001 per share, for each share of the Company's common
stock, par value $.00001 per share. The effect of this transaction is simply to
reincorporate the Company in Delaware. The Merger is subject to approval of the
Company's shareholders.

On April 15, 2002, the Company filed a Definitive Proxy Statement for a special
meeting of shareholders of the Company to be held on June 5, 2002, to consider
and vote upon the Merger Agreement.


                                       11
<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

THE FOLLOWING ANALYSIS OF THE OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY
SHOULD BE READ IN CONJUNCTION WITH THE CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS, INCLUDING THE NOTES THERETO, OF THE COMPANY CONTAINED ELSEWHERE IN
THIS FORM 10-QSB.

OVERVIEW

Digital Broadband Networks, Inc. and subsidiaries (the "Company") provides
network facilities and services for two-way wireless broadband applications that
include distance learning, live news coverage, remote video surveillance,
emergency field services (including tele-medicine) and on site progress
monitoring. Presently, the Company's revenues are primarily derived from the
design, development and production of interactive multimedia websites and
content.

The Company, formerly known as Kalan Gold Corporation, changed its name to
Digital Broadband Networks, Inc., after its shareholders approved the change of
name in a Special Shareholders Meeting on August 17, 2001.

The accompanying condensed consolidated financial statements include the
accounts of Digital Broadband Networks, Inc. and its wholly-owned subsidiary,
Animated Electronic Industries Sdn Bhd ("AEI"), as well as AEI's 86% owned
subsidiary, Perwimas Telecommunications Sdn Bhd ("PTSB"), a company incorporated
in Malaysia.

During 2001, the Company was in the process of building the infrastructure for
the commercial roll out of VISIONET, a countrywide wireless broadband network
undertaken by the Company's subsidiary, PTSB, sometime in the first half of
2002. In September 2001, PTSB was awarded an Application Service Provider (ASP)
license by the Malaysian Communications and Multimedia Commission. The ASP
license will complement the wireless broadband license granted to the Company in
June 1997. As an ASP, PTSB could offer enterprise access over the Internet to
applications and related services that would otherwise have to be located in
their computers. The Company hopes that the ASP service will become an important
alternative, not only for small and medium enterprises with low budgets for
information technology, but also for larger companies as a form of outsourcing.
After conducting various feasibility studies to determine the most suitable
customer premises equipment and in-building distribution for single and
multi-tenanted buildings, negotiation with equipment vendors and further
technical improvement on the cell configuration, the Company established its
first VISIONET cell in December 2001 and hopes to commence full commercial
operation sometime in the first half of 2002.

In connection with the build out of VISIONET, the Company has formalized a
long-term strategic business relationship with Siemens Malaysia. Under the
Agreement, Siemens will extend preferred payment terms to the Company for
equipment used in the build out of VISIONET and extend its best effort to assist
the Company to obtain applications and multimedia content from its global
partners that will contribute to the revenue of VISIONET. Siemens will also be
responsible for overall network design, the supply of equipment, systems
integration, build out services and maintenance of a best of breed end-to-end
solution for the deployment of VISIONET. The Company has committed to an initial
purchase of hardware valued at $250,000 from Siemens for the limited commercial
rollout of VISIONET. Following the countrywide deployment of VISIONET in
Malaysia, the Company hopes to work with Siemens to tap opportunities in the
operation of broadband networks in the Asian regional markets.

                                       12
<PAGE>


To complement its business in operating a broadband network, the Company also
entered into a business relationship with Computer Associates International,
Inc. ("CA"), in July 2001, to tap the mobile eBusiness opportunities in Malaysia
and the Asian regional markets. Under the relationship, CA will be appointed as
a technology provider for the IT infrastructure and data management of VISIONET.
In addition to providing the eBusiness management software, CA will be extending
its industry-leading infrastructure, information and process management
solutions to VISIONET to ensure that the Company's customers can realize the
full potential business value of mobile applications and services. The Company's
subsidiary, PTSB, will also act as a facilitator and partner in Malaysian and
Asian projects jointly identified with CA. As a demonstration of its confidence
in the Company, a company associated with CA may acquire a significant minority
stake in the Company's Malaysian subsidiary. This potential acquisition is only
in the early discussion stage and would not be expected to occur, if at all,
until some time after the second quarter of 2002, and would also be subject to
the approval of relevant regulatory authorities.

In September 2001, the Company announced its strategic collaboration with Aptilo
Networks, Sweden, to deploy local mobile networks ("LMN") in Malaysia and the
Asian regional markets. The integration of LMNs with VISIONET will enable
VISIONET's subscribers to receive live video streams from their handheld devices
and laptops, and to access the Internet and their corporate intranets at near T1
speeds remotely from public locations in the "travel ribbon" such as hotels,
airports, restaurants, conference centers, shopping malls and coffeehouses. The
first integrated VISIONET-LMN cell was deployed during the fourth quarter of
2001 to connect a number of access points to Bluetooth and wireless LAN 802.11
standard devices. The mobile network features Aptilo's latest billing solution
that will enable the Company to offer value-added applications and services to
users without the need for any prior registration as a subscriber. Any user can
now pay for instant network access to surf the Internet or purchase value-added
applications on the spot by using their credit card. This flexible method of
payment from Aptilo will not only attract more users to VISIONET, but will also
reduce the Company's capital expenditure and recurring monthly operating costs.
The integrated network will enable the Company to expand its broadband network
from fixed wireless into the mobile broadband market. The Company has committed
to an initial purchase of software and hardware from Aptilo valued at $50,000.
The Company hopes that this will broaden VISIONET's subscriber base and generate
additional revenue stream that should contribute positively to the Company's
cash flow. The successful implementation of the integrated network will pave the
way for the collaboration with Aptilo to be extended to countries beyond
Malaysia.

In January 2002, the Company signed a Sales and Distribution Agreement with
Cirronet Incorporated, to bundle Cirronet's wireless subscriber modem with
the Company's Eystar SmartHome/Office Console for distribution worldwide. The
agreement is for an initial period of 5 years and will thereafter be
automatically renewed for one-year terms on each anniversary. Under the terms of
the agreement, the Company has committed to purchase approximately $19 million
of equipment over the next five years. These equipment purchases are subject to
inspection and acceptance by the Company depending upon certain performance
standards being satisfactorily met. As of March 31, 2002, the Company has
received approximately $5,000 in equipment from Cirronet. However, the Company
has not yet accepted the equipment due to performance problems that have been
discovered. The Company is currently working with Cirronet to correct the
problem. If such problems are corrected, the Company estimates that total
purchases to be made in 2002 will be approximately $3.8 million. Concurrent with
the Sales and Distribution Agreement, the Company has also entered into a 5-year
Technical Support and Supply of Spares Agreement with Cirronet to insure
uninterrupted supply of Cirronet's product.

For the year 2002, the Company hopes to generate additional revenue arising from
the following contracts:

a)   In August 2001, the Company was awarded a consulting contract, estimated to
     generate revenue of $2.85 million, to carry out the planning, design,
     project execution (including contract and project management) of all
     broadband communications and networking systems/services for Pulau
     Indah-Marina Village, a water oriented luxury resort, residential, hotel
     and spa project. A progress payment of $30,000 was received in January
     2002.

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<PAGE>

b)    In December 2001, the Company entered into a marketing agreement with
      Worldlink Dotcom Sdn. Bhd. to distribute its service gateway for
      home/office automation in Malaysia, Singapore and Australia. This initial
      contract is estimated to generate revenue of $4.0 million for the Company.
      The gateway bridges the Internet with internal home and office networks
      while facilitating the delivery of home and office applications including,
      but not limited to, security surveillance and video conferencing.

      In January 2002, the Company appointed Mutual Base Equity Sdn. Bhd. (MBE)
      as one of its distributors in Malaysia and Singapore for sale of the
      Eystar SmartHome Console. Under the terms of the Distributor Agreement,
      MBE has been appointed for an initial duration of 3 years commencing
      January 4, 2002. For fiscal year 2002, the Company hopes MBE could achieve
      a sales target of $17.5 million for the SmartHome Console.

c)   The Company hopes to secure contracts worth about $3.5 million from a local
     mobile network jointly deployed with Aptilo Networks.

d)   In January 2002, the Company's subsidiary, PTSB, was awarded a contract to
     carry out the planning, design, and project execution of all broadband
     communications and networking systems/services for a commercial/housing
     project in Selangor, Malaysia. Under the contract, PTSB will receive a
     total contract sum of $550,000 over the next 36 months. The first payment
     of $15,000 was received in February 2002. The project, featuring 312
     serviced apartments, 62 units of retail shops/offices and 120 units of
     housing for a government agency, is expected to be completed by December
     2004. As a total solution provider, PTSB will also be responsible for the
     supply of its EyStar SmartHome Console as well as providing value-added
     broadband applications such as high speed Internet access, security
     surveillance, multimedia conferencing, home automation and video-on-demand.


COMPARISON OF THE THREE MONTHS ENDED MARCH 31, 2002 TO THE THREE MONTHS ENDED
MARCH 31, 2001


REVENUES

Revenues for the three months ended March 31, 2002 totaled $3,335,338 compared
to $936,053 for the three months ended March 31, 2001, an increase of $2,399,285
or 256%. The increase in net sales in the three months ended March 31, 2002 as
compared to the three months ended March 30, 2001 was mainly due to an increase
in fees earned from the production of multimedia programs and revenue received
for project consulting services. For the three months ended March 31, 2002, two
customers, respectively, accounted for 50% and 48% of total revenue. No single
customer accounted for more than 10% of total revenue for the three months ended
March 31, 2001.

GROSS PROFIT

Gross profit increased to $177,109 for the three months ended March 31, 2002,
compared to $107,079 for the three months ended March 31, 2001, an increase of
$70,030 or 65%. The increase in gross profit was due to higher revenue in 2002.
As a result of higher revenue, cost of revenue increased by $2,329,255, or 281%,
to $3,158,229 in 2002 from $828,974 in 2001. This increase was a result of the
Company requiring additional external resources in order to fulfill the higher
demand for the Company's services. The outsourcing of content production work
enabled the Company to develop a team of contractors that will assist the
Company in producing multimedia content and applications that are crucial to its
future business operation.

                                       14
<PAGE>

Sales and marketing expenses

Sales and marketing expenses decreased by $4,800, or 24%, to $15,416 for the
three months ended March 31, 2002 from $20,216 for the three months ended March
31, 2001. The decrease was primarily due to lower marketing expenses incurred to
promote the Company's business of developing and producing multimedia programs
and provision of design and consulting services for interactive website
development.

GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses were $220,372 for the three months ended
March 31, 2002 compared to $192,596 for the three months ended March 31, 2001,
an increase of $27,776 or 14%. The increase was mainly attributable to higher
utility, telecommunication and staff costs resulting from the rollout of
VISIONET and higher compensation expenses in 2002.

General and administrative expenses for 2001 included amortization of goodwill.
Beginning January 1, 2002, pursuant to SFAS No. 142, goodwill is no longer being
amortized, but is subject to annual impairment tests in accordance with the
standard. Management does not believe that any impairment has occurred as of
January 1, 2002. Application of the non-amortization provisions of the standard
resulted in reduction of amortization expense of approximately $29,000 for the
three months ended March 31, 2002.

NET LOSS

The Company recorded a net loss of $65,803 for the three months ended March 31,
2002 compared to a net loss of $99,749 for the three months ended March 31,
2001.

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2002, the Company had cash of $14,433. All operations were
funded from internally generated funds and working capital advanced by the
principal shareholder, director and officer of the Company. These advances bear
no interest and have no fixed terms of repayment.

Cash used in operating activities of $175,107 was mainly attributable to general
and administrative expenses incurred during the three months ended March 31,
2002.

Net cash used in investing activities of $1,155 during the three months ended
March 31, 2002 was attributable to the purchase of fixed assets.

Net cash provided by financing activities of $190,293 was primarily from the
issuance of shares of common stock for $89,029 and advances from an affiliated
company in which the Company's principal shareholder, CEO and president has a
financial interest. As of March 31, 2002, the Company owed Mr. Lim, the Chief
Executive Officer, President and a Director of the Company, $242,900 for
short-term cash advances made to the subsidiary of the Company for working
capital purposes from time to time. Additionally, as of March 31, 2002 the
amount owed to a company in which Mr. Lim has a financial interest amounted to
$417,603. This amount was for short-term cash advances made to the Company and
its subsidiaries for working capital purposes from time to time and for
management fees. These amounts are unsecured, bear no interest and have no fixed
terms of repayment.

The independent auditors' report on the Company's financial statements for the
year ended December 31, 2001 included a "going concern" explanatory paragraph,
meaning the auditors have expressed substantial doubt about the Company's
ability to continue as a going concern. Management's plans in regard to the
factors prompting the explanatory paragraph are discussed below and also in Note
1 of the audited financial statements contained in the Company's Annual Report
on Form 10-KSB for the fiscal year ended December 31, 2001.

                                       15
<PAGE>

The Company believes that sufficient cash will be generated from the following
sources to fund its operations for the next twelve months:

o    Intensification of efforts to collect overdue receivables. The Company will
     maintain close contact with its debtors to keep updated on their liquidity
     status. The debtors will be persuaded to give priority to outstanding debts
     due to the Company whenever funds are available. Legal action will only be
     taken as a last resort.

o    Advances from director and major shareholder as and when required to
     finance the Company's working capital requirements. The Company's President
     and CEO, Mr. Patrick Lim, who is also the Company's major shareholder, has
     committed himself to advance funds to the Company for working capital.

o    Additional revenue provided by: (i) a consulting contract, which is
     estimated to generate $2.85 million in revenue, to carry out the planning,
     design, project execution (including contract and project management) of
     all broadband communications and networking systems/services for Pulau
     Indah-Marina Village, (ii) a contract, which is estimated to generate
     $550,000 in revenue over a three-year period, to carry out the planning,
     design, project execution of all broadband communications and networking
     systems/services for a commercial/housing project in Selangor, Malaysia.

o    The Company may consider a private placement of its shares.

o    The Company may also seek to obtain equipment financing.

The Company also hopes that additional cash will be generated from the marketing
agreement with Worldlink Dotcom Sdn. Bhd. to distribute its service gateway for
home/office automation in Malaysia, Singapore and Australia and from the
distribution agreement with Mutual Base Equity Sdn. Bhd. for sale of the Eystar
SmartHome Console in Malaysia and Singapore.

In addition to internally generated funds and financial support from a director
and major shareholder, the Company seeks to raise additional funds from equity
or debt financing for its future working capital requirements. As of March 31,
2002, the Company has committed to an initial purchase of hardware valued at
$250,000 for the limited commercial rollout of VISIONET in 2002. The Company
estimates that additional capital expenditures up to $5.0 million will be
required for the countrywide deployment of VISIONET. The Company has also
committed to an initial purchase of software and hardware valued at $50,000 in
conjunction with its announced strategic collaboration with Aptilo Networks,
Sweden. There is, however, no assurance that financing will be available or, if
available, that it would be offered to the Company on acceptable terms.

On November 28, 2001, the Company signed an agreement to purchase office space
in Australia for $1.8 million Australian dollars (approximately $960,000 USD at
March 31, 2002). The Company intends to lease the space for rental until it
finalizes its plan to relocate its Asian headquarters to Australia. Pursuant to
the terms of the agreement, the Company has paid a sum of $5,200 as deposit for
the above property. The purchase is subject to the approvals of the Australian
Foreign Investment Review Board and a few other relevant statutory approvals as
necessary under applicable laws. The purchase has not been completed as the
Company has yet to receive approval from Australian Foreign Investment Review
Board to proceed with the purchase.

In January 2002, the Company signed an agreement to purchase approximately $19
million of equipment over the next five years. These equipment purchases are
subject to inspection and acceptance by the Company depending upon certain
performance standards being satisfactorily met.

The Company will continuously evaluate its financing requirements and may decide
to consider alternative modes of financing.

                                       16
<PAGE>

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

        None.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     On March 30, 2002, an officer and an employee of the Company exercised
options to purchase 77,400 shares of the Company's restricted common stock at an
exercise price of $0.085 per share, for a total cash consideration of $6,579.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

          None.

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

          None.

ITEM 5. OTHER INFORMATION

          None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

        (a) Exhibits

          None.

        (b) Reports on Form 8-K:

          None.

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<PAGE>




                                   SIGNATURES

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

                                       DIGITAL BROADBAND NETWORKS, INC.
                                              (Registrant)




DATE: MAY 13, 2002                     BY: /s/ Patrick Soon-Hock Lim
                                       ------------------------------
                                       Patrick Soon-Hock Lim
                                       President & Chief Executive Officer


DATE: MAY 13, 2002                     BY: /s/ Chee Hong Leong
                                       ------------------------------
                                       Chee Hong Leong
                                       Chief Financial Officer
                                       (Principal Financial Officer and
                                       Principal Accounting Officer)


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