FORM 10-K-SB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                      For the Year Ended September 30, 2001

                        Commission File Number: 000-28881

                Oasis Entertainment's Fourth Movie Project, Inc.
             (Exact name of Registrant as specified in its charter)


Nevada                                                                76-0528600
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)

24843  Del  Prado,  Suite  326  Dana  Point,  California                   92629
(Address of principal executive offices)                              (Zip Code)

Registrant's  telephone  number,  including  area  code:         (949)  487-7295


Securities  registered  pursuant  to  Section  12(b)  of  the  Act:         None


Securities  registered  pursuant  to  Section 12(g) of the Act:     Common Stock

Yes  [x]   No  []  (Indicate  by check mark whether the Registrant (1) has filed
all  report  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.)

As of September 30, 2001, 92,299,904 shares of the Registrants Common Stock were
Outstanding.

As of September 30, 2001, 72,299,912 shares of the Registrants Common Stock were
issued.

[]  (Indicate  by check mark if disclosure of delinquent filers (229.405) is not
and  will  not  to  the  best  of Registrant's knowledge be contained herein, in
definitive  proxy  or information statements incorporated herein by reference or
any  amendment  hereto.)

As  of  1/11/02

     the  aggregate  number  of  shares held by non-affiliates was approximately
12,299,904.
     the  number  of  shares  outstanding  of  the Registrant's Common Stock was
72,299,904.

                                         Exhibit  Index  is  found  on  page

                                        1
<PAGE>

                                    Contents



PART  I                                                                        3

Item  1.  Description  of  Business                                            3
      (a)  Business  Development                                               3
      (b)  Probable  Acquisition                                               4
      (c)  Probable  Spin-Off                                                  5
      (d)  Section  14                                                         5
      (e)  Business  of  the  Issuer                                           5
      (f)  Business  to  be  Acquired  (Probable)                              5
      (g)  Number  of  total  employees  and  full-time  employees             6
      (h)  Year  2000/2001  Compliance                                         6
      (i)  Financing  Plans                                                    6
      (j)  Government  Regulation                                              6
      (k)  Reverse  Acquisition                                                6

Item  2.  Description  of  Property                                            6

Item  3.  Legal  Proceedings                                                   6

Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders          6

PART  II                                                                       7

Item  5.  Market  for  Common  Equity  and  Stockholder  Matters               7
      (a)  Market  Information                                                 7
      (b)  Holders                                                             7
      (c)  Dividends                                                           7
      (d)  Sales  of  Unregistered  Common  Stock,  Three  Years               7

Item  6.  Management's  Discussion  and  Analysis  or Plan of Operation        7
      (a)  Plan  of  Operation  for  the  next  twelve  months                 7
      (b)  Discussion and Analysis of Financial Condition and Results of
           Operations                                                          8

Item  7.  Financial  Statements                                                8

Item  8.  Changes  In  and  Disagreements  With  Accountants
          on  Accounting  and  Financial  Disclosure                           9

PART  III                                                                      9

Item  9.  Directors and Executive Officers, Promoters and Control Persons      9
Item  10.  Executive  Compensation                                            10
Item  11.  Security Ownership of Certain Beneficial Owners and Management     10
Item  12.  Certain  Relationships  and  Related  Transactions                 11
Item  13.  Exhibits, Financial Statement Schedules, and Reports on Form 8-K   11
      (a)  Financial  Statement  Schedules                                    11
      (b)  Form  8-K  Reports                                                 11
      (c)  Exhibits                                                           11

                                        2
<PAGE>

                          UNNUMBERED ITEM: INTRODUCTION


     Our  Business is changing. This Annual Report discloses information about a
significant  probable  acquisition.  We  have effected one reverse of our common
stock,  and  a  later  forward  split.  The historical number of shares is first
given,  and  the  current  equivalent  in  brackets  following.

                                     PART I


                        ITEM 1.  DESCRIPTION OF BUSINESS.


 (A)  BUSINESS  DEVELOPMENT.

      (1)  ORGANIZATION.  This  Corporation  Oasis  Entertainment's Fourth Movie
Project,  Inc. was duly incorporated in Nevada on April 9, 1998. We have on file
with  the  Securities  and  Exchange Commission an Amended Form 1-A/Regulation A
Offering  Statement  (File  No.  24-3948)  under  the Securities Act of 1933, as
amended.  In  that  Offering  Statement  our  business  was  described to be the
production  of  low-budget  films for theatrical, cable and video release. Since
that time, we have caused the voluntary Registration (pursuant to the Securities
Exchange  Act  of  1934)  of  our  common  stock  as a class of securities. As a
practical  matter,  we  were  required  to register our common stock pursuant to
12(g)  of  the 1934 Act, and to pursue continued acceptance for quotation on the
OTCBB.  There  are no lock-up or shareholder pooling agreements between or among
our  shareholders.  All  shares  are  owned  and controlled independently by the
persons  to  whom  they  are  issued.  We  have  no  Internet  address.

     FOUNDERS  SHARES:  10,000,000  shares on April 9, 1998: 5,000,000 shares of
common  stock  were  issued  (pursuant  to Section 4(2) of the Securities Act of
1933)  to each of the Registrant's two founders (recorded at predecessor cost of
$-0-).  [The  10,000,000  shares  are  now  200,000  shares.]

     FURTHER  ISSUANCES: On September 30, 1998, 1,500,000 shares of common stock
were  issued,  and  on  April  20,  1999,  3,310,000 shares of common stock were
issued, both at $0.10 per share for a total of $481,000 pursuant to an exemption
from registration in an offering made in reliance upon the exemption provided by
Regulation  A  of  the  Securities  Act  of  1933  to  a  total of 41 accredited
investors.  The  total  shares  placed pursuant to Reg A, at $0.10 per share was
4,810,000. These 4,810,000 were the shares issued and outstanding as of our last
previous  Quarterly  Report on Form 10-KSB. [The 4,810,000 shares are now 96,200
shares.]

     REVERSE SPLIT. On August 27, 2001, we effected a 1 for 100 reverse split of
our  common  stock;  such  that  the  14,810,000  shares were reduced to 148,100
shares;  provided  that  no  shareholder  owning  more than 100 shares should be
reversed  below  100 shares, and no shareholder owning 100 shares or less should
be  reversed  further.  The  Record  date  and  Date  of Entitlement was Monday,
September  10,  2001.  The  split  was  pursuant  to a mandatory share exchange,
resulting  in  a  new  trading  symbol.

     OFFICER  COMPENSATION.  On  September  10,  2001,  we issued Thirty Million
(30,000,000)  new  investment  shares (Rule 144[a]), pursuant to Section 4(2) of
the  Securities  Act  of  1933. The shares were issued at par value ($0.001) for
officer  compensation  valued  at  $30,000.00. Please see Part III, Item 10, for
more  information. [The 30,000,000 new investment are now 60,000,000 shares.] It
appears  that  an  additional 10,000,000 shares had been authorized erroneously,
but  not  issued.

     REGISTERED  ISSUANCE  FOR  SERVICES.  On  or  about  December  24, 2001, we
registered  6,000,000  shares,  on Form S-8, to pay for services in stock rather
than  cash,  pursuant  to  that  certain  STOCK  FOR  SERVICES COMPENSATION PLAN

                                        3
<PAGE>

attached thereto. The amount was computed at $0.02 per share for services valued
at  a  total  of  $120,000.00.  [The 6,000,000 new investment are now 12,000,000
shares.]

     FORWARD  SPLIT. On December 20, 2001, we effected a forward split such that
for  every  one  share owned each shareholder will own two shares (1 to 2). The
forward  split  was approved on December 5, 2001. This two for one forward split
of  the  Issuer's  common  stock  was not subject to any fractional shares being
rounded  up  to  the  nearest  share.  The Record date was the close of business
December  14,  2001 and Date of Entitlement (which means the execution date) was
Monday, December 17, 2001. The split was pursuant to a mandatory share exchange,
resulting  in  a  new  trading  symbol.

     ADJUSTMENT OF SHARE AMOUNTS. The following table is intended to present the
effect  of  the foregoing transactions, giving effect to the reverse and forward
splits  mentioned  above.


                                                  100 to 1    1 to 2
---------------------------------------------------------------------
Founders Shares . . . . . . . . .  10,000,000     100,000     200,000
Further Issuances . . . . . . . .   4,810,000      48,100      96,200
                                   ----------  ----------     -------
Reverse Split 100 to 1. . . . . .  14,810,000     148,100     296,200
 carried. . . . . . . . . . . . .                 148,100     296,200
Rounding up for Fractional Shares                   1,856       3,712
Officer Compensation. . . . . . .              30,000,000  60,000,000
Registered Issuance for Services.               6,000,000  12,000,000
Forward Split 1 to 2. . . . . . .              36,149,956  72,299,912
                                   ----------------------------------
TOTAL ISSUED and OUTSTANDING. . .                          72,299,912
                                                           ==========



    SUMMARY AND REFERENCES. The analysis thus far has been intended to establish
our present issued and outstanding shares as of the most practical current date,
which  date  is  later  than  the  actual  close  of  our  fiscal year. For more
information,  please  see:

          Item  5(d).  Sales  of  Unregistered  Common  Stock;

          Item  10.  Executive  Compensation;

          Item  11.  Security  Ownership  of  Certain  Beneficial  Owners  and
Management.


      (2)  BANKRUPTCY,  RECEIVERSHIP  OR SIMILAR PROCEEDING. None from inception
to  date.

 (B)  PROBABLE  ACQUISITION.  In  November  of  2001 we entered into a letter of
intent  to  acquire  Medical  International  Technology,  Inc. (MITI), a Quebec,
Canada corporation, for 17,000,000 shares. The proposed acquisition (considered
probable)  is  yet  subject to shareholder approval, and compliance with Section
14(c).  The  result  of  that  acquisition,  if  acquired  would  be

                                     TOTAL ISSUED and OUTSTANDING     72,299,912
                                  If Issued for Acquisition           17,000,000
                                  If Cancelled for Acquisition      (60,101,710)
                                                                      ----------
                                 TOTAL INDICATED POST ACQUISITION     29,198,202
                                                                     ===========

     Please  see  Letter  of  Intent,  provided  and  attached  as  Exhibit 2.1.

                                        4
<PAGE>

 (C)  PROBABLE SPIN-OFF. In the event that the probable acquisition materializes
as  a consummated  transaction,  we  would  have  first  placed all our business
operations,  assets,  and  liabilities  into  a  wholly-owned  subsidiary  and
distributed  ownership  of that subsidiary to our shareholders, share for share.
If  the  probable  acquisition  does  not occur, the spin-off would not be done.

 (D)  SECTION  14.  Before  these probable transactions could occur, shareholder
approval would be required. As a precondition to obtaining effective shareholder
approval,  compliance  with  Section  14  of the Securities Exchange Act of 1934
would  be  required. The import of these requirements is that several months may
be  required  before  any  acquisition would  be  final,  if  consummated.

 (E)  BUSINESS  OF  THE  ISSUER.  Pursuant  to  our  original  business plan, we
produced  one  full-length  movie  entitled  "The Blood Game" intended for adult
video and cable release. Its subject matter is adventure, and it contains nudity
and violence. It was completed in November of 1999. The movie was produced for a
cost  of  $168,430.  We  have as yet been unsuccessful in our efforts to sell or
distribute  this  movie. While we have not abandoned our intention to market our
production,  there  are no assurances that we will be able to sell or distribute
this movie. If we are unsuccessful in these efforts, or if there is only limited
distribution  of  the  movie, then all or a part of the investment in production
cost  may  be lost. For accounting purposes the capitalized costs for this movie
were written off as an impairment loss during the year ended September 30, 1999.
We  do  not  presently  enjoy  sufficient  funds  to attempt another production.

     COMPETITIVE BUSINESS CONDITIONS. Other better capitalized firms are engaged
in  the  business  of low-cost, direct-TV production. Competition is intense and
favors established larger producers with established distribution relationships.
We  are  at  a  significant  competitive  disadvantage  in our industry, and can
compete  only  by  producing  a superior and attractive product. There can be no
assurance  that  we  would  prove  competitively  attractive  to  the  kinds  of
transactions  we  seek.  Please See the Item 6 of part II, Management Discussion
and  Analysis,  for  more  information  and  disclosure.

 (F)  BUSINESS TO  BE  ACQUIRED (PROBABLE). Medical International Technologies,
Inc.  ("MIT")  is  a  private  company  dedicated to the various needle-free jet
injection technology developed by Mr. Karim Menassa, the private company's major
shareholder.  MIT  owns many patents in the needle-free jet injector technology,
as  a  result  of  several  years of research and development in both animal and
human sectors. MIT owns all of the patents  and the pending patent applications,
as  to  all the technologies developed by Mr. Manassa at Idee International R&D,
Inc.,  a  company  wholly  owned  by  Mr.  Manassa.

     NEEDLE-FREE  JET-INJECTION  TECHNOLOGY  is  not  well  known  to the world,
although  the  need  and  applications  for such technology is obvious. While an
initial  device  of this kind was invented to control epidemics during the First
World War. This initial technology performed badly and was unreliable, expensive
and  bulky.  As  a  consequence  difficult  to  move and maneuver. More recently
interest  in    injection  without  needles  was  renewed,  for the purpose of
reducing  and  controlling  pain  occasioned  by  injection  and/or  intravenous
treatment.  The  benefits  include  less  tissue  damage,  simplicity  of  use,
precision, reliability and safety, improved absorbtion of liquids, reduction of
recipient's  stress  and  discomfort,  prevention  of infection, environmentally
friendly  (no  waste  products),  economical,  and less wasteful of medication.

     At  this  stage, there is no competition for our MIT's line of devices
in the animal sector and virtually none in the human sector. This is an exciting
technology.  Competition  will  develop  over  time,  as  a  foreseeable matter.

     MIT  intends  to  concentrate  its activities initially in the medical and
pre-medical sectors, particularly in the field of instrumentation. For the first
two  years,  focus will be placed on the animal sector. Only then will the human
field  be  developed  and  attacked,  with  the benefit of those first two years

                                        5
<PAGE>

experience  with  animals. Through Mr. Menassa, we have access to the experience
and  networks  of  medical  distribution  internationally, developed by him over
twenty-one  years  of  product  development  in  the  medical  field.

     TARGETED  PRODUCTS  AND  MARKETS.  MIT  has  just  introduced to market two
different  versions  of  its  technology  to  suit  animal  applications.

 (G)  NUMBER OF TOTAL EMPLOYEES AND FULL-TIME EMPLOYEES. We had two officers who
devoted an insubstantial amount of time to our affairs during the period of this
report.  shareholder.

 (H)  YEAR  2000/2001  COMPLIANCE.  We  have  encountered  no  year 2000 or 2001
compliance  issues  or  problems.

 (I)  FINANCING  PLANS.  For  more  information,  please  see Item 6 of Part II,
Management's  Discussion  and  Analysis.

 (J)  GOVERNMENT REGULATION. There are no issues of government regulation unique
to  this  Registrant  or  its  business.

 (K)  REVERSE  ACQUISITION  . We have not abandoned our business plan to achieve
profitable distribution of Blood Game, nor our interest in further participation
in  direct  media  advertising.  We recognize, however, the contingency that our
present  business  activities  may  fail  to  achieve  the profitability for our
shareholders to which we are committed. Accordingly, a mature and sober analysis
of  our  present business and assets requires us to recognize the possibility of
such  failure, and the contingency that we would be required, in such a case, to
pursue the acquisition of other profitable businesses or assets, by some form of
business  combination.  The most likely form of such a combination would be by a
reverse  acquisition  transaction.  Accordingly,  the  following  additional
disclosure  is  presented  as  to  the  nature  of such a contingency. If MIT be
acquired,  the  transaction  would  be  a  reverse  acquisition.


                        ITEM 2.  DESCRIPTION OF PROPERTY.

     We  have  no  significant property of our own, other than the "Blood Game".
Our  office  services  are  provided  by our officers. All equipment involved or
which may be involved in future productions will be rented for the days actually
needed.  We  have an insubstantial inventory of copies of Blood Game. Copies can
be  produced  economically  if  required.


                           ITEM 3.  LEGAL PROCEEDINGS.

     There  are  no  legal proceedings pending, threatened or suspected, against
the  Company,  as  of  the  preparation  of  this  Report.


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

     None.

                                        6
<PAGE>

                                     PART II


           ITEM 5.  MARKET FOR COMMON EQUITY AND STOCKHOLDER MATTERS.


 (A)  MARKET INFORMATION. The Common Stock of this Issuer is quoted on the OTCBB
(Over-The-Counter Bulletin Board). To the best of the Registrant's knowledge and
belief,  there  has  been  no  market activity, buying or selling, of our common
stock,  or  trading  in  any  security  of ours at any time, until recently. The
source  of  the  following  information  is  bigcharts.com

---------------------------------
period    high    low
ending .  bid     bid     volume
---------------------------------
3rd 2000  $   0  $   0          0
1st 2001  $   0  $   0          0
2nd 2001  $   0  $   0          0
3rd 2001  $0.16   0.12     10,000
4th 2001  $3.00  $1.00  1,000,000
---------------------------------

 (B)  HOLDERS.  There  are presently approximately 45 shareholders of the common
stock  of  this  Registrant.

 (C)  DIVIDENDS.  We  have  not paid any cash dividends on our Common Stock, and
do not anticipate paying cash dividends on its Common Stock in the next year. We
anticipate  that any income generated in the foreseeable future will be retained
for  the  development  and  expansion of our business. Future dividend policy is
subject  to  the  discretion  of  the  Board of Directors and will depend upon a
number  of  factors,  including  future  earnings,  debt  service,  capital
requirements,  business  conditions,  the financial condition of the Company and
other  factors  that  the  Board  of  Directors  may  deem  relevant.

 (D)  SALES  OF UNREGISTERED COMMON STOCK, THREE YEARS. The following disclosure
includes  all sales of unregistered common stock during the past three years: On
September  10, 2001, we issued Thirty Million (30,000,000) new investment shares
(Rule  144[a]),  pursuant  to  Section  4(2)  of the Securities Act of 1933. The
shares  were  issued  at  par  value ($0.001) for officer compensation valued at
$30,000.00.  Please see Part III, Item 10, for more information. [The 30,000,000
new  investment  are  now  60,000,000  shares.]


       ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.


 (A)  PLAN  OF  OPERATION  FOR  THE  NEXT  TWELVE  MONTHS.  We are interested in
further investment or co-production with Reliant. Based upon past experience, in
which  we  invested  $250,000 in three projects, we would anticipate requiring a
similar  sum  to  proceed  with  another  group  of  infomercial projects. It is
Management's  view  that  these  two  programs  should  be  funded  separately.

     We  would  expect  to  conduct  a private limited offering among accredited
investors  with  pre-existing  relationships  of  $250,000  for  the  purpose of
investing  further in infomercial projects. Our best guess is that these funding
programs  will  be  opened  during  the  next  twelve  months.

     Neither  of  these  concepts have addressed the continuing need for working
capital,  and  deficit  reduction.  Management is inclined to seek an additional

                                        7
<PAGE>

$100,000  in  funding,  for  this purpose. These requirements will be phased and
allocated  appropriately in such offerings as previously described. It is highly
forseable  that  existing shareholders, or some of them, will invest further to
cover  current losses, and limit the dilutive effects of such past losses on new
investors.

     There  can  be  no  assurance that we will be successful in raising capital
through  private  placements  or otherwise. Even if we are successful in raising
capital  through the sources specified, there can be no assurances that any such
financing would be available in a timely manner or on terms acceptable to us and
our  current  shareholders. Additional equity financing could be dilutive to our
then  existing  shareholders,  and  any  debt  financing  (if any) could involve
restrictive  covenants  with  respect  to  future capital raising activities and
other  financial  and  operational  matters.

     In  the event of acquisition of MIT, we would likely distribute our current
business to our shareholder in the new private corporation. We would first place
our  current  operations in a subsidiary and distribute ownership thereof to our
shareholders.

 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  begin  by  calling  attention  to certain notes to our financial statements.

     Note 2 points out that our financial statements have been prepared assuming
that  we  are a going concern; but caution is raised that our present assets and
business  raise  doubts  about  whether we can continue as such a going concern,
without  the  infusion  of  funding  from  outside  sources.

     We have no cash. We have certain receivables, and some securities available
for  sale.  We  have  minor  accounts receivable, and substantial obligations to
related parties. We have fully depreciated, written off or expensed the costs of
production  of  Blood  Game, such that this asset does not appear on our balance
sheet.  Long  efforts  to  market  Blood  Game  have not been successful, though
efforts  continue. We do not have significant cash or other material assets, nor
do  we  have an established source of revenues sufficient to cover our operating
costs  and  allow us to continue as a going concern. It is our intent to produce
revenues from the sales  of "B genre" movies. Until this occurs, shareholders of
the  Company  have  committed  to  meeting  the  Company's  operating  expenses.

     We  have  recorded no revenues to date. We expected to record revenues from
Reliant  in  2001,  but  have not yet recovered a return on that investment. Our
operating  expenses for the current year have included substantial non-recurring
legal  and professional expenses in connection with our 1934 Act Registration of
our common stock, and submission for quotation of our common stock for quotation
on  the OTCBB (Over-The-Counter Bulletin Board). Together with auditing expense,
these  costs  reflect  most  of year 2001 expenses. We would expect that $20,000
would be a minimal budget for continuing audit and reporting in 2002. We have no
present  or  immediate  source  of  these  funds.


                         ITEM 7.  FINANCIAL STATEMENTS.

     Our  Board  of  Directors, serving as its own Audit Committee, has made the
required  reviews  as  imposed  upon  the  Audit Committee by the Securities and
Exchange  Commission  rules  and  regulations. The attached financial statements
have  been approved for content and accuracy as discussed in the following Audit
Committee  report,  and  attached  and  filed  as  Exhibit  99.1  hereto.

--------------------------------------------------------------------------------
                              FINANCIAL STATEMENTS
--------------------------------------------------------------------------------
FK-00     Audited  Financial  Statements for the years ended September 30, 2001,
          2000,  and  from  inception  April  9,  1998.
--------------------------------------------------------------------------------

                                        8
<PAGE>

             ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
                     ON ACCOUNTING AND FINANCIAL DISCLOSURE.

     None.

                                    PART III


    ITEM 9.  DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS.

     The  following  persons  are  the  Officers/Directors of Registrant, having
served  from  inception  of  our  corporation,  to continue to serve until their
successors  might  be  elected  or  appointed.  The  time of the next meeting of
shareholders  has  not  been  determined.


--------------------------------------------------------------------------------
DIRECTOR'S NAME                     AGE           OFFICE/POSITION
--------------------------------------------------------------------------------
J. Dan Sifford
62 Bay Heights Drive . . .          64              President/Director
Miami FL 33133
--------------------------------------------------------------------------------
Karl E. Rodriguez. . . . .          53              General Counsel/
24843 Del Prado, Suite 313                          Corporate Secretary/
Dana Point CA 92629. . . .                          Director
--------------------------------------------------------------------------------


     J.  Dan Sifford, Jr., Treasurer, grew up in Coral Gables, Florida, where he
attended Coral Gables High School and the University of Miami. After leaving the
University  of Miami, Mr. Sifford formed a wholesale consumer goods distribution
company  which  operated  throughout  the  southeastern United States and all of
Latin  America.  In  1965,  as  an  extension  of the operations of the original
company,  he  founded  Indiasa Corporation (Indiasa), a Panamanian company which
was  involved  in  supply  and  financing  arrangements  with  many of the Latin
American  Governments,  in  particular,  their  air  forces  and  their national
airlines.  As  customer  requirements  dictated,  separate  subsidiaries  were
established to handle specific activities. During each of the past five years he
has  served  as  President  of  Indiasa,  which serves only as a holding company
owning: 100% of Indiasa Aviation Corp. (a company which owns aircraft but has no
operations);  100%  of  Overseas  Aviation Corporation (a company which owns Air
Carrier  Certificates  but has no operations); 50% of Robmar International, S.A.
(a  company operates a manufacturing plant in Argentina and Brazil, but in which
Mr.  Sifford  holds  no office). In addition to his general aviation experience,
Mr.  Sifford,  an Airline Transport rated pilot, has twenty two years experience
in the airline business, and is currently the President of Airline of the Virgin
Islands,  Ltd.  a commuter passenger airline operating in the Caribbean, and has
been  its  president  continuously  during  each  of  the  past  five  years.

     Mr.  Sifford  is  not  and  has  never  been  a broker-dealer. He has acted
primarily  as consultant, and in some cases has served as an interim officer and
director  of  public  companies  in  their  development  stage.  The  following
disclosure  identifies those public companies: Air Epicurean, Inc., All American
Aircraft,  Earth  Industries,  DP Charters, Inc., Ecklan Corporation, EditWorks,
Ltd.,  Market.,  Market  Formulation  &  Research,  Inc.,  NetAir.com, Inc., NSJ
Mortgage  Capital  Corporation,  Inc., North American Security & Fire, Oasis 4th
Movie  Project,  Professional  Recovery  Systems, Inc., Richmond Services, Inc.,
Telecommunications  Technologies,  Ltd.,  and  World  Staffing  II,  Inc.

     Of  these  last  mentioned  companies,  he  is  currently  serving  in this
Registrant,  in  DP  Charters,  in  Ecklan  Corporation, and in NetAir.com, Inc.

                                        9
<PAGE>

     Karl  E.  Rodriguez,  Corporate  Secretary,  General  Counsel and Director,
received  his  Juris  Doctor  degree in 1972 from Louisiana State University Law
School.  He  has  practiced  business  and corporate law since 1972, emphasizing
securities  and  entertainment  matters,  and  has  been  self-employed  in that
capacity  for  the  past  five  years.  He  has  served  as  a director of Oasis
Entertainment's  Fourth  Movie  Project,  Inc.,  since  April 1998. He is also a
Director, Corporate Secretary, and General Counsel for Reliant Interactive Media
Corp.  During his law practice he has also been involved in a variety of dynamic
business  experiences.  From  1975  to  1982,  he  was  active  in  real  estate
development  in  the  Baton  Rouge,  Louisiana  area.  From  1980 until 1985, he
specialized  in  the sale of businesses and franchises as the owner and operator
of  VR  Business  Brokers.  In  1986,  he  became the Project Manager for Bluffs
Limited  Partnership,  where  he  structured the development of an Arnold Palmer
Design  Golf  Course  and  in  1992, Mr. Rodriguez was the Managing Director for
MedAmerica,  LLC., medicine clinics for children. From 1993 through 1998, he was
the  Director, Corporate Secretary and General Counsel for Telco Communications,
Inc.,  which  is  a long distance reseller company. From 1992 until 1996, he was
the  President  of Healthcare Financial and Management Services, Inc., providing
billing  services  to three Louisiana hospitals. Mr. Rodriguez is also corporate
Secretary  and  General  Counsel  to  Reliant  Interactive  Media  Corp. We have
identified  certain  transactions between us and Reliant. We own 4% of Reliant's
common  stock  and  have  investments  in  reliant  as  previously  disclosed.

     At  the  end  of  this  calendar  year (not our fiscal year), Mr. Rodriguez
retired  from  this  corporation  to  pursue  other opportunities. No dispute or
disagreement  with  Mr.  Rodriguez exists or existed as to any matter respecting
our  corporation.


                        ITEM 10.  EXECUTIVE COMPENSATION.

     In  September,  2001,  we issued Thirty Million (30,000,000) new investment
shares  (Rule  144[a]),  pursuant to Section 4(2) of the Securities Act of 1933.
The  shares were issued at par value ($0.001) for officer compensation valued at
$30,000.00.

--------------------------------------------------------------------------------
                           Number          Value
     Name                  of shares       per share     Total Compensation
--------------------------------------------------------------------------------
 J. Dan Sifford, President     25,000,000     $ 0.001            $25,000.00
 Karl E. Rodriguez, Counsel     5,000,000      $0.001            $ 5,000.00
================================================================================
                     TOTAL     30,000,000                           $30,000
--------------------------------------------------------------------------------


    ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     To  the  best of Registrant's knowledge and belief the following disclosure
presents the total security ownership of all persons, entities and groups, known
to  or  discoverable by Registrant, to be the beneficial owner or owners of more
than  five  percent  of  any  voting class of Registrant's stock. To the best of
Registrant's  knowledge  and  belief the following disclosure presents the total
beneficial security ownership of all Directors and Nominees, naming them, and by
all Officers and Directors as a group, without naming them, of Registrant, known
to  or  discoverable  by  Registrant.

             The Remainder of this Page is Intentionally left Blank

                                       10
<PAGE>

--------------------------------------------------------------
Ownership of Management                    Attributed     %
 Name and Address of. . . . . . . . . . .  Ownership
Beneficial Owner
--------------------------------------------------------------
J. Dan Sifford Jr.  President/Director. .  50,000,000    69.16
62 Bay Heights Drive
Miami, Florida 33133
--------------------------------------------------------------
Karl E. Rodriguez  Secretary. . . . . . .  10,000,000    13.83
24843 Del Prado Suite 318
Dana Point CA 92629
--------------------------------------------------------------
All Officers and Directors as a Group (3)  60,000,000    82.99
--------------------------------------------------------------
Total Shares Issued and Outstanding . . .  72,299,912   100.00
--------------------------------------------------------------


            ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     None.


   ITEM 13.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.


 (A)  FINANCIAL  STATEMENT  SCHEDULES.  None.

 (B)  FORM  8-K  REPORTS.  None.

 (C)  EXHIBITS.  The  following  Exhibits are incorporated by reference from our
                 previous  Annual  Report.


                 3.1     ARTICLES  OF  INCORPORATION
                 3.2     BY-LAWS

     The  following  Exhibits  are  provided  herewith.

                 2.1     LETTER  OF  INTENT
                99.1     AUDIT  COMMITTEE  REPORT


                                     SIGNING


     PURSUANT  TO  THE REQUIREMENTS of the Securities Exchange Act of 1934, this
report  has  been  signed  below  by  the  following  persons  on  behalf of the
Registrant  and  in  the  individual  capacities  and
on  the  date  indicated.

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                              a Nevada Corporation
Dated:  January  14,  2002


/s/J.  Dan  Sifford          /s/Karl  E.  Rodriguez
   J.  Dan  Sifford             Karl  E.  Rodriguez
   President/Director           General  Counsel/Director

                                       11
<PAGE>

                                  EXHIBIT 99.1

                             AUDIT COMMITTEE REPORT


                                       12
<PAGE>

Oasis  Entertainment's  Fourth  Movie  Project,  Inc.
24843  Del  Prado,  Suite  326
Dana  Point,  California  92629
Form  Type:  10-KSB

AUDIT  COMMITTEE  REPORT

     The Audit Committee of Oasis Entertainment's 4th Movie Project ("Oasis") is
composed  of the Corporation's Board of Directors.  The members of the Committee
are   J.  Dan  Sifford,  and  Karl E. Rodriguez.  The Committee
recommended,  subject  to  stockholder  ratification,  the  selection  of  the
Corporation's  independent  accountants.

     Management  is  responsible for the Corporation's internal controls and the
financial  reporting  process.  The  independent accountants are responsible for
performing  an  independent  audit  of  the Corporation's consolidated financial
statements  in  accordance with the generally accepted auditing standards and to
issue  a  report  thereon.  The  Committee's  responsibility  is  to monitor and
oversee  these  processes.

     In this context, the Committee has met and held discussions with management
and  the  independent accountants.  Management represented to the Committee that
the  Corporation's  financial  statements  were  prepared  in  accordance  with
generally  accepted  accounting  principles,  and the Committee has reviewed and
discussed  the  consolidated  financial  statements  with  management  and  the
independent  accountants.  The  Committee  discussed  with  the  independent
accountants  matters  required  to  be  discussed  by  the Statement on Auditing
Standards  No.  61.

     The  Corporation's  independent  accountants also provided to the Committee
the written disclosures required by Independence Standards Board Standard No. 1,
and  the  Committee  discussed  with  the  independent  accountant  that  firms
independence.

     Based  upon  Committee's  discussion  with  management  and the independent
accountants  and  the Committee's review of the representation of management and
the  report  of  the  independent  accountants  to  the Committee, the Committee
recommended  that  the  audited consolidated financial statements be included in
the  Corporation's Annual Report on Form 10-KSB for the year ended September 30,
1999  filed  with  the  Securities  and  Exchange  Commission.

Dated:  October  30,  2001.
/s/J.  Dan  Sifford          /s/Karl  E.  Rodriguez
   J.  Dan  Sifford             Karl  E.  Rodriguez
   President/Director           General  Counsel/Director

                                       13
<PAGE>

                          OASIS ENTERTAINMENT'S FOURTH
                               MOVIE PROJECT, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2001

                                       14
<PAGE>

                                 C O N T E N T S


Independent  Auditors'  Report                                16

Balance  Sheet                                                17

Statements  of  Operations                                    18

Statements  of  Stockholders'  Equity                         19

Statements  of  Cash  Flows                                   20

Notes  to  the  Financial  Statements                         21

                                       15
<PAGE>

                          INDEPENDENT AUDITORS' REPORT
                          ----------------------------

To  the  Board  of  Directors
Oasis  Entertainment's  Fourth  Movie  Project,  Inc.
(A  Development  Stage  Company)
Dana  Point,  California


We  have  audited the accompanying balance sheet of Oasis Entertainment's Fourth
Movie  Project, Inc. (a development stage company) as of September 30, 2001, and
the  related  statements  of operations, stockholders' equity and cash flows for
the years ended September 30, 2001 and 2000, and from inception on April 9, 1998
through  September  30, 2001.  These financial statements are the responsibility
of  the  Company's  management.  Our  responsibility is to express an opinion on
these  financial  statements  based  on  our  audits.

We  conducted  our  audits  in  accordance  with  accounting standards generally
accepted  in the United States of America.  Those standards require that we plan
and  perform  the  audits  to  obtain  reasonable  assurance  about  whether the
financial  statements  are  free  of  material  misstatement.  An audit includes
examining,  on  a test basis, evidence supporting the amounts and disclosures in
the  financial  statements.  An  audit  also  includes  assessing the accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating  the  overall  financial statement presentation.  We believe that our
audits  provide  a  reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the financial position of Oasis Entertainment's Fourth
Movie  Project,  Inc. (a development stage company) as of September 30, 2001 and
the  results  of its operations and its cash flows for the years ended September
30, 2001 and 2000 and from inception on April 9, 1998 through September 30, 2001
in conformity with accounting principles generally accepted in the United States
of  America.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in Note 2 to the
financial  statements,  the  Company has had limited operations and no operating
revenues which together raise substantial doubt about its ability to continue as
a  going  concern.  Management's  plans  in  regard  to  these  matters are also
discussed  in  Note  2.  The financial statements do not include any adjustments
that  might  result  from  the  outcome  of  this  uncertainty.


/s/HJ  Associates  &  Consultants
HJ  Associates  &  Consultants,  LLP
Salt  Lake  City,  Utah
January  3,  2002

                                       16
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                                  Balance Sheet


                                     ASSETS

                                                               September  30,
                                                                    2001
--------------------------------------------------------------------------------

CURRENT  ASSETS

     Cash  and  cash  equivalents                                 $          -
                                                                  --------------
          Total  Current  Assets                                             -
                                                                  --------------

OTHER  ASSETS

     Note  receivable  (Note  4)                                       138,578
     Investment  in  available-for-sale  securities  (Note  4)         349,350
                                                                  --------------
          Total  Other  Assets                                         487,928
                                                                  --------------
          TOTAL  ASSETS                                           $    487,928
                                                                  ==============

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT  LIABILITIES

     Accounts  payable                                            $        949
     Notes  payable  -  related  parties  (Note  6)                    345,152
                                                                  --------------
          Total  Current  Liabilities                                  346,101
                                                                  --------------

STOCKHOLDERS'  EQUITY

     Common  stock;  100,000,000  shares  authorized  of  $0.001
      par  value,  92,299,904  shares  issued  and  outstanding         92,300
     Additional  paid-in  capital          574,908
     Accumulated  other  comprehensive  income  (Note  4)               94,350
     Deficit  accumulated  during  the development stage              (619,731)
                                                                  --------------
          Total  Stockholders'  Equity                                 141,827
                                                                  --------------
          TOTAL  LIABILITIES  AND  STOCKHOLDERS'  EQUITY          $    487,928
                                                                  ==============

The accompanying financials are an integral part of these financial statements.

                                       17
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                            Statements of Operations

<TABLE>
<CAPTION>
                                                                                From
                                                                           Inception  on
                                                                             April  9,
                                           For  the  Years Ended            1998 Through
                                                September  30,              September 30,
                                           2001               2000               2001
--------------------------------------------------------------------------------------------
<S>                                    <C>                  <C>                <C>
REVENUES                               $             -      $           -      $          -
                                       -----------------------------------------------------

EXPENSES

     Legal  fees                               105,668                  -           105,668
     Consulting  fees                          150,000                  -           150,000
     Bad  debt  expense                         46,300                  -            46,300
     General  and  administrative               92,165             20,395           158,526
                                       -----------------------------------------------------
          Total  Expenses                      394,133             20,395           460,494
                                       -----------------------------------------------------

LOSS  BEFORE  OTHER  INCOME
 (EXPENSE)                                    (394,133)           (20,395)         (460,494)

OTHER  INCOME  (EXPENSE)
     Impairment  loss (Note 1)                       -                  -          (168,430)
     Interest  expense                         (21,580)           (12,580)          (38,788)
     Interest  income                           11,548             11,548            47,981
                                       -----------------------------------------------------
          Total  Other  Income  (Expense)      (10,032)            (1,032)         (159,237)
                                       -----------------------------------------------------
NET  LOSS                                     (404,165)           (21,427)         (619,731)
                                       -----------------------------------------------------

OTHER  COMPREHENSIVE  INCOME  (LOSS)

     Change  in  value  of  securities
      available-for-sale                       205,913           (111,563)          94,350
                                       ----------------------------------------------------

          Total  Other  Comprehensive  Income
            (Loss)                             205,913           (111,563)          94,350
                                       ----------------------------------------------------

NET COMPREHENSIVE (LOSS)                $     (198,252)     $    (132,990)      $ (525,381)
                                        ===================================================

BASIC  LOSS  PER  SHARE                 $        (0.01)     $       (0.07)
                                        ==================================

WEIGHTED  AVERAGE  NUMBER
 OF  SHARES  OUTSTANDING                    30,695,777            296,200
                                        ==================================
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       18
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                       Statements of Stockholders' Equity

<TABLE>
<CAPTION>
                                                                                                         Accumulated      Deficit
                                                                                                             Other      Accumulated
                                                                         Additional        Stock         Comprehensive  During  the
                                                Common  Stock             Paid-In       Subscription         Income     Development
                                           Shares           Amount        Capital        Receivable          (Loss)         Stage
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>              <C>             <C>             <C>               <C>             <C>
Balance  at  inception  on
 April  9,  1998                                  -   $           -   $           -   $             -   $           -   $         -

Common  stock  issued  to
 founders  recorded  at
 predecessor cost of $0.00                  200,000             200            (200)                -               -             -

Common  stock  issued  for
 cash  at $5.00 per share                    30,000              30         149,970          (150,000)              -             -

Net  loss  from  inception  on
 April  9,  1998  through
 September  30,  1998                             -               -               -                 -                -           -
                                      --------------------------------------------------------------------------------------------
Balance, September 30, 1998                 230,000             230         149,770          (150,000)               -           -

Receipt  of  stock  subscription                  -               -               -           150,000                -           -

Common  stock  issued  for  cash
 at  $5.00  per  share                       66,200              66         330,934                 -                -           -

Accrued  interest  on  notes  to
 related  parties  recorded  as
 contributed  capital                             -               -           4,628                 -                -           -

Net  loss  for  the  year  ended
 September  30,  1999                             -               -               -                 -                -    (194,139)
                                      --------------------------------------------------------------------------------------------
Balance,  September  30,  1999              296,200             296         485,332                 -                -    (194,139)

Holding  loss  on  securities
 available-for-sale                               -               -               -                 -         (111,563)          -

Accrued  interest  on  notes  to
 related  parties  recorded  as
 contributed  capital                             -               -          12,580                 -                -           -

Net  loss  for  the  year  ended
 September  30,  2000                             -               -               -                 -                -    (21,427)
                                      --------------------------------------------------------------------------------------------
Balance,  September  30,  2000              296,200       $     296    $    497,912        $        -     $   (111,563) $ (215,566)
                                      =============================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                       19
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                       Statements of Stockholders' Equity
<TABLE>
<CAPTION>
                                                                                                           Accumulated    Deficit
                                                                                                                 Other  Accumulated
                                                                              Additional      Stock        Comprehensive During the
                                                    Common  Stock              Paid-In      Subscription        Income  Development
                                                        Shares                  Amount     Capital Receivable    (Loss)     Stage
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>              <C>             <C>             <C>               <C>             <C>
Balance,  September  30,  2000                 296,200             296         497,912                 -        (111,563) (215,566)

Fractional  shares  issued                       3,704               4              (4)                -               -         -

Common  shares  issued  to
 directors  at  $0.0005  for
 services  rendered                         80,000,000          80,000         (40,000)                -               -         -

Common  shares  issued
 at  $0.01  per  share  for
 services  rendered                         12,000,000          12,000         108,000                -                -         -

Holding  gain  recognized  on  securities
 held  as  available-for-sale                        -               -               -                -          205,913         -

Interest  accrued  on  notes  payable  to
 related  parties  recorded  as  additional
 paid-in  capital                                    -               -           9,000               -                 -         -

Net  loss  for  the  year  ended
 September  30,  2001                                -               -               -               -                 -  (404,165)
                                            ---------------------------------------------------------------------------------------
Balance, September 30, 2001                 92,299,904    $     92,300   $     574,908    $          -      $     94,350 $(619,731)
                                            =======================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                           Statements  of  Cash  Flows
                                                                        From
                                                                   Inception  on
                                                                    April  9,
                                     For the Years Ended          1998  Through
                                        September 30,              September 30,
                                  2001               2000              2001
--------------------------------------------------------------------------------

CASH  FLOWS  FROM  OPERATING  ACTIVITIES

     Net  loss               $     (404,165)     $     (21,427)     $  (619,731)
Adjustments to reconcile
net loss to net cash (used)
by  operating  activities:
          Bad  debt expense          46,300                  -           46,300
 Common stock issued for services   160,000                  -          160,000
 Interest on notes
 payable-related party               9,000              12,580           26,208
Changes  in  assets  and  liabilities:
(Increase) in interest receivable  (11,548)            (11,548)         (38,578)
Increase (decrease)
 in accounts payable                   949              (2,644)             949
                             ---------------------------------------------------
Net Cash (Used) by
 Operating Activities             (199,464)            (23,039)        (424,852)
                             ---------------------------------------------------

CASH  FLOWS  FROM  INVESTING  ACTIVITIES

     Cash paid for investments          -                    -         (255,000)

Net  Cash  (Used)
  by  Investing  Activities             -                    -         (255,000)
                             ---------------------------------------------------

CASH  FLOWS  FROM  FINANCING  ACTIVITIES

Proceeds paid on notes
 receivable-related parties             -                    -         (246,300)
Principal received on
notes receivable-related
parties                                 -                    -          100,000
     Proceeds  received
on notes payable-related party    198,969               20,383          345,152
Common  stock  issued  for  cash        -                    -          481,000
                                  ----------------------------------------------
Net  Cash  Provided
  by  Financing  Activities       198,969               20,383          679,852
                                  ----------------------------------------------

NET INCREASE (DECREASE) IN CASH      (495)              (2,656)               -

CASH  AT  BEGINNING  OF  PERIOD       495                3,151                -
                                  ----------------------------------------------

CASH  AT  END  OF  PERIOD        $      -            $     495          $     -
                                 ===============================================

SUPPLEMENTAL  CASH  FLOW  INFORMATION

CASH  PAID  FOR:

     Interest                    $     -             $       -          $     -
     Income  taxes               $     -             $       -          $     -

The accompanying notes are an integral part of these financial statements.

                                       20
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2001 and 2000


NOTE  1  -     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

     a.  Organization

Oasis  Entertainment's Fourth Movie Project, Inc. (the Company) was incorporated
on  April  9,  1998  under  the  laws  of the State of Nevada, primarily for the
purpose  of  producing  film  and  video  for  theatrical,  cable  and televised
releases.

The  Company  has  limited operations, assets and liabilities.  Accordingly, the
Company  is dependent upon management and/or significant shareholders to provide
sufficient  working  capital  to  preserve the integrity of the corporate entity
during  this phase.  It is the intent of management and significant shareholders
to  provide  sufficient  working  capital  necessary to support and preserve the
integrity  of  the  corporate  entity.

     b.  Accounting  Method

The  Company's  financial  statements  are  prepared using the accrual method of
accounting.  The  Company  has  elected  a  September  30  year  end.

     c.  Cash  and  Cash  Equivalents

Cash  equivalents  include short-term, highly liquid investments with maturities
of  three  months  or  less  at  the  time  of  acquisition.

     d.  Basic  Loss  Per  Share

Basic  loss  per  common share has been calculated based on the weighted average
number  of  shares  of  common  stock  outstanding  during  the  period.


For  the  years  ended
                                               September  30,
                                           2001               2000
----------------------------------------------------------------------

     Numerator  -  loss         $     (404,165)        $     (21,427)
Denominator-weighted average number of
       shares  outstanding          30,697,777               296,200
                                -------------------------------------
     Loss  per  share           $        (0.01)       $        (0.07)
                                =====================================

                                       21
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2001 and 2000


NOTE  1  -     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
     (Continued)

     e.  Income  Taxes

At  September  30,  2001,  the  Company  had net operating loss carryforwards of
approximately $459,000 that may be offset against future taxable income from the
year  2001  through 2021.  No tax benefit has been reported in the September 30,
2001  financial  statements  since  the  potential  tax  benefit  is offset by a
valuation  allowance  of  the  same  amount.

The  income  tax  benefit  differs from the amount computed at federal statutory
rates  of  approximately  38%  as  follows:

                                                     For  the  Years  Ended
                                                         September  30,
                                                    2001                2000
--------------------------------------------------------------------------------
     Income  tax benefit at statutory rate     $     92,783         $     8,142
     Change  in valuation allowance                 (92,783)             (8,142)
                                            ------------------------------------
                                               $          -          $         -
                                            ====================================

     Deferred  tax  assets  are  comprised  of  the  following:

                                                     For  the  Years  Ended
                                                         September  30,
                                                    2001                2000
--------------------------------------------------------------------------------
     Income  tax  benefit  at  statutory  rate     $    174,699       $  81,915
     Valuation  allowance                              (174,699)        (81,915)
                                                   -----------------------------
                                                   $          -        $       -
                                                   =============================

Due  to  the  change  in ownership provisions of the Tax Reform Act of 1986, net
operating  loss  carryforwards  for  Federal  income  tax reporting purposes are
subject  to  annual  limitations.  Should  a  change  in  ownership  occur,  net
operating  loss  carryforwards  may  be  limited  as  to  use  in  future years.

     f.  Additional  Accounting  Policies

Additional  accounting  policies  will  be  established  once  planned principal
operations  commence.

                                       22
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2001 and 2000


NOTE  1  -     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
     (Continued)

     g.  Estimates

The  preparation  of  financial statements in conformity with generally accepted
accounting principles 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 financial statements and
the  reported  amounts  of  revenues  and  expenses during the reporting period.
Actual  results  could  differ  from  those  estimates.

     h.  Investments  in  Available-for-Sale  Securities

The  Company  has  a  limited  portfolio  of  investments  in  marketable equity
securities.  Management  determines  the  appropriate  classification  of  all
securities  at  the  time they are acquired and evaluates the appropriateness of
such  classifications  at  each  balance  sheet  date.

Available-for-sale securities consist of marketable securities not classified as
either trading or held-to-maturity.  Available-for-sale securities are stated at
fair  market  value,  and  all  unrealized  holding gains and losses, net of the
related  deferred  tax  effect,  are  reported  as  a  separate  component  of
stockholders'  equity  under  the  subheading  "Accumulated  other comprehensive
income  (loss)."

     i.  Changes  in  Accounting  Principle

The  Company  has  adopted  the  provisions  of  FIN  44 "Accounting for Certain
Transactions  Involving Stock Compensation (an interpretation of APB Opinion No.
25.)"  This  interpretation  is  effective  July  1, 2000.  FIN 44 clarifies the
application  of Opinion No. 25 for only certain issues.  It does not address any
issues related to the application of the fair value method in Statement No. 123.
Among  other issues, FIN 44 clarifies the definition of employee for purposes of
applying  Opinion 25, the criteria for determining whether a plan qualifies as a
noncompensatory plan, the accounting consequence of various modifications to the
terms  of  a  previously  fixed  stock  option  or  award, and accounting for an
exchange  of  stock compensation awards in a business combination.  The adoption
of  this principle had no material effect on the Company's financial statements.

                                       23
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                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2001 and 2000


NOTE  1  -     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
     (Continued)

     j.  Pronouncements  Issued  Not  Yet  Adopted

In  July, 2001, the Financial Accounting Standards Board issued two statements -
Statement  141,  Business  Combinations,  and  Statement 142, Goodwill and Other
Intangible  Assets,  which  will potentially impact the Company's accounting for
its  reported  goodwill  and  other  intangible  assets.

     Statement  141:


     Eliminates  the  pooling  method  for accounting for business combinations.

     Requires  that  intangible  assets  that  meet certain criteria be reported
separately  from  goodwill.

     Requires  negative  goodwill  arising  from  a  business  combination to be
recorded  as  an  extraordinary  gain.

     Statement  142:

          Eliminates the amortization of goodwill and other intangibles that are
determined  to  have  an  indefinite  life.

          Requires, at a minimum, annual impairment tests for goodwill and other
intangible  assets  that  are  determined  to  have  an  indefinite  life.

     Upon  adoption  of  these  Statements,  the  Company  is  required  to:

          Re-evaluate  goodwill  and  other  intangible  assets  that arose from
business  combinations  entered into before July 1, 2001.  If the recorded other
intangible  assets  do  not  meet  the  criteria for recognition, they should be
reclassified  to  goodwill.

          Similarly, if there are other intangible assets that meet the criteria
for  recognition  but were not separately recorded from goodwill, they should be
reclassified  from  goodwill.

          Reassess  the  useful  lives  of  intangible  assets  and  adjust  the
remaining  amortization  periods  accordingly.

          Write-off  any  remaining  negative  goodwill.

The  Company  has  not yet completed its full assessment of the effects of these
new  pronouncements  on  its  financial statements and so is uncertain as to the
impact.  The  standards  generally are required to be implemented by the Company
in  its  2002  financial  statements.

                                       24
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2001 and 2000


NOTE  2  -     GOING  CONCERN

The  Company's  financial  statements  are  prepared  using  generally  accepted
accounting  principles  applicable  to  a  going  concern which contemplates the
realization  of  assets  and  liquidation of liabilities in the normal course of
business.  However, the Company does not have significant cash or other material
assets,  nor  does it have an established source of revenues sufficient to cover
its  operating  costs and to allow it to continue as a going concern.  It is the
intent  of  the  Company to produce and earn revenues from the sale of "B genre"
movies.  The  Company  also  intends to seek out and consummate a merger with an
existing operating company.  Until this occurs, shareholders of the Company have
committed  to  meeting  the  Company's  operating  expenses.

NOTE  3  -     ROYALTY  AGREEMENT  -  RELATED  PARTY

On  March  24,  1999,  the  Company  entered  into  an  agreement  with  Reliant
Interactive  Media  Corporation  ("Reliant"),  a  related party, under which the
Company  committed  to  provide  funding for three "infomercials" Reliant was to
produce.  Under  the  terms  of  this agreement, the Company provided a total of
$250,000  for  this  purpose.  As consideration for this funding, Reliant issued
250,000  restricted,  post-split  shares of its common stock to the Company (see
Note 4).  Also, Reliant agreed to pay the Company a royalty equal to two percent
of the adjusted gross revenues created by the infomercials until the Company had
received  $625,000.  The royalty would be reduced to one percent of the revenues
thereafter.

As  of  September  30,  2001,  Reliant had produced the three infomercials.  The
first  two  were  unprofitable,  and have produced no royalties for the Company.
The  third  project  has  not  produced  significant  revenues  to  date.

NOTE  4  -     INVESTMENT  AND  NOTE  RECEIVABLE

On  March  24,  1999,  the  Company  entered  into  an  agreement  with  Reliant
Interactive  Media  Corporation  ("Reliant")  under  which  the Company provided
funding  of  $250,000  to  Reliant  (see  Note  3).   As  consideration for this
funding,  Reliant  issued  250,000  restricted,  post-split shares of its common
stock  to  the  Company  upon  completion  of  the  funding.  The investment was
originally  recorded  at  its  cost  of  $250,000.

On  May  25, 1999, the Company agreed to lend another $200,000 to Reliant.  This
loan  accrues  interest  at  10% per annum and was due on September 1, 1999.  As
part  of  the  consideration  for  this loan, Reliant issued 5,000 shares of its
restricted  common  stock  to  the  Company.  The  5,000  shares were originally
recorded  at  a  cost  of  $1.00  per  share,  based on the determination of the
previous agreement.  As of September 30, 2001, the outstanding principal balance
of  this  loan  was  $100,000,  plus $39,733 in accrued interest.  The Company's
management  is  currently  pursuing  the collection of this note, and expects to
collect  the  remaining  balance  in  full  during  the  coming  year.  To  be
conservative,  however,  the receivable has been recorded as a non-current asset
until  it  is  collected.

                                       25
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2001 and 2000


NOTE  4  -     INVESTMENT  AND  NOTE  RECEIVABLE  (Continued)

     The  255,000  shares  of Reliant owned by the Company at September 30, 2001
represent  approximately 2% of Reliant's outstanding common shares at that date.

Management has determined to classify the shares as "available-for-sale" as they
are restricted shares.  Consequently, the shares are stated at market value.  At
September  30,  2001,  the  fair market value of the shares was $1.37 per share,
making  the  total  value  of  the  255,000  shares  $349,350.

NOTE  5  -  NOTES  RECEIVABLE  -  RELATED  PARTIES

     As  of  September  30,  2001,  the  Company had a total of $46,300 in notes
receivable  from  related parties.  Each of these notes were unsecured.  Each of
the  notes  are non-interest bearing and have no specific payback terms.  Due to
the  fact that no payments have been received on these notes for over two years,
the  notes  were  considered uncollectible and written off.  Bad debt expense of
$46,300  was  realized  in  the  current  period.


NOTE  6  -  NOTES  PAYABLE  -  RELATED  PARTIES

As  of  September 30, 2001, the Company has a total of $345,152 in notes payable
to  related  parties.  Three  of the notes are non-interest bearing, and have no
specific  payback terms, and are unsecured. A 10% interest rate has been imputed
for these loans, which has been recorded as contributed capital in the financial
statements.

In  addition  to  these  notes, the Company holds a note payable o f $255,152 to
Paladin  Global  Group,  Ltd.  (Paladin).  At  September 30, 2000, this note was
payable  to  Intrepid International, Inc. (Intrepid), but Intrepid assigned  the
note  to  Paladin  in the current year. The note bears interest at a rate of 18%
per  annum. Paladin is a related party with whom the Company share office space,
office  equipment,  and certain officers and directors. Paladin began paying the
Company's  expenses  out of Paladin's bank accounts, and billing the Company for
the  same  amounts.  As  of September 30, 2001, the Company had not yet made any
payments  on  the  note,  and  Paladin  had  made  no  demands  for  payment.



                                       26
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
September  30,  2001  and  2000

NOTE  7  -     COMMON  STOCK  TRANSACTIONS

In  1998,  the  Company  issued  30,000 shares of its common stock under a stock
subscription  at  $5.00 per share.  The stock subscription was collected in 1999
for  $150,000  in  cash.  In  1999, the Company also issued an additional 66,200
shares of its common stock for cash at $5.00 per share for proceeds of $331,000.

     During  the year ended September 30, 2001, the Company elected to perform a
1  for  100 reverse-split of its common stock.  The total issued and outstanding
shares  immediately  after  the reverse-split totaled 296,200.  The Company also
issued  3,704  fractional  shares  pursuant  to  this  action.

     In  September 2001, the Company elected to issue 80,000,000 (forward split)
shares  of  its  common  stock to directors for services rendered.  These shares
were  valued at a value of $0.001(pre-split shares).  Later, the Company elected
to  issue  an  additional  12,000,000  shares  of  its  common  stock  at  $0.02
(pre-split)  per  share,  as  consideration  for  services  rendered  by outside
parties.

NOTE  8  -     OTHER  RELATED  PARTY  TRANSACTIONS

Common  Officer


Mr.  Karl  Rodriquez  serves  as a member of the Board of Directors for both the
Company  and Reliant.  Subsequent to year-end Mr. Rodriquez resigned as a member
of  the  Board  of  the  Company.

NOTE  9  -     SUBSEQUENT  EVENTS

     In  November  2001, the Company entered into a non-binding letter of intent
to  acquire  all  of  the  issued  and  outstanding  common  stock  of  Medical
International  Technology,  Inc.  As  of  the  date  of this report, none of the
specific  terms  of  this  proposed  acquisition  had  been  made  final.

     In  December 2001, the Company elected to forward-split its common stock on
a  two-for-one  basis.  All references to the Company's common stock made herein
have  been  retroactively  stated  to  reflect  this  action.

                                       27
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