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, 2002

                       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,  2002:

     the  aggregate  number  of  shares held by non-affiliates was approximately
4,903,109.

     the  number  of  shares  outstanding  of  the Registrant's Common Stock was
24,934,776.

[  ]  (Indicate  by  check  mark  if  disclosure  of  delinquent filers (Section
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.)

                                               Exhibit Index is found on page 30

                                        1
<PAGE>

                                TABLE OF CONTENTS

PART  I                                                                        3

ITEM  1.  Description  of  Business                                            3
      (a)  Business  Development                                               3
      (b)  No  Acquisitions                                                    4
      (c)  Business  of  the  Issuer                                           5
      (d)  Reverse  Acquisition                                                5
      (e)  No  Acquisitions  Pending  or  Expected                             5

ITEM  2.  Description  of  Property                                            5

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                                            11

ITEM  11.  Security Ownership of Certain Beneficial Owners and Management     11
      (a)  Security  Ownership  of  Certain  Beneficial  Owners               11
      (b)  Changes  in  Control                                               11

ITEM  12.  Certain  Relationships  and  Related  Transactions                 12

ITEM  13.  Controls  and  Procedures                                          12

ITEM  14.  Exhibits, Financial Statement Schedules, and Reports on Form 8-K   12
      (a)  Audit  Committee  Report                                           12
      (b)  Certification(s)  Pursuant  to  18  USC  Section  1350             12
      (c)  Form  8-K  Reports                                                 12
      (d)  Exhibits                                                           12

                                        2
<PAGE>

                                     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
Section  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.


     We  first  list  our  issuances  chronologically, in the share amounts then
applicable. We then provide a tabular display to show the effects of the several
splits, both reverse and forward. Please refer to the Shareholder Equity section
of  our  financial statements, wherein all share amounts have been retroactively
adjusted  to  reflect  those  changes.


     1. 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  66,667  SHARES.]

     2.  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 32,067
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.

     3.  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  HAVE  BEEN  CANCELLED.]

     4.  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
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 4,000,000
SHARES.]

                                        3
<PAGE>

     FORWARD  SPLIT. On December 20, 2001, we effected a forward split such that
for  every  one  share owned each shareholder will own two shares (2 for 1). 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.

     REVERSE  SPLIT.  On  September  18,  2002,  following the rescission of our
intended  acquisition,  we  effected  a 3 to 1 reverse split of our common stock

     5.  REGISTERED  ISSUANCE  FOR  SERVICES.  On  September  10, 2002 we issued
833,333  (post  3:1)  shares  for  services,  pursuant  to  registration.

     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.

                                                   REVERSE    FORWARD    REVERSE
                                                  100 to 1    1 to 2      3 to 1
--------------------------------------------------------------------------------
1. Founders Shares                 10,000,000     100,000     200,000     66,667
2. Further Issuances                4,810,000      48,100      96,200     32,067
     Subtotals                     14,810,000     148,100     296,200     98,734
                                   ----------     -------     -------     ------
              carried                             148,100     296,200     98,734
                                                  =======     =======     ======
     Rounding                                       1,856       3,712      1,237
3. Officer Compensation                        30,000,000  60,000,000 20,000,000
4. Registered Issuance for Services             6,000,000  12,000,000  4,000,000
                                               ----------  ---------- ----------
     Subtotals                                 36,149,956  72,299,912 24,099,971
                                               ==========  ========== ==========
              carried                                                 24,099,971
5. Registered Issuance for Services                                      833,333
     Rounding                                                              1,472
                                                                      ----------
                           TOTAL ISSUED and OUTSTANDING               24,934,776
                                                                      ==========

     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)  NO ACQUISITIONS. 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 was cancelled.

                                        4
<PAGE>

     On  May  23, 2002, we announced an acquisition of Liberator Medical Supply,
Inc.  The  acquisition did not close  and will not occur. As of May 16, 2002, J.
Dan  Sifford  resigned and retired as sole Officer in favor of Mark A. Libratore
as  follows: Mr. Sifford resigned as President and Sole Officer, but he remained
Director  and Chairman of the Board of Directors. Mr. Libratore became President
and a nominee for a member of the Board of Directors. These events were reported
on  Form  14F, pursuant to Section 14(f). Mr. Libratore was the sole shareholder
of  Liberator  Medical  Supply,  Inc.  On August 14, 2002, we announced that the
intended  acquisition  of  Liberator Medical Supply, Inc. had been rescinded, by
mutual  consent,  and  that  there  would  be no acquisition. Luke C. Zouvas was
appointed  to  serve  as  Attorney  Custodian  of  this  Issuer,  as  Interim
Officer/Director.

 (C) 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.

 (D)  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.

 (E)  NO  ACQUISITIONS PENDING OR EXPECTED. Current conditions are not favorable
to pursuing any acquisition transactions at this time, in the opinion of present
Management.  We  are  presently  dormant, in a holding-pattern and inactive, and
expect  to  remain  so  for  the  next  twelve  months.

     COMPETITIVE BUSINESS CONDITIONS. Other better capitalized firms are engaged
in  the  business  of  seeking  business  combinations  by  direct  or  reverse
acquisition.  We are at a significant competitive disadvantage in this industry.
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.


                        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.

                                        5
<PAGE>

                           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.

     On  August  15,  2002,  a  majority of our shareholders voted to change OUR
corporate  name of Liberator Medical Supply, Inc., back to Oasis Entertainment's
4th  Movie  Project,  Inc., following the rescission of the transaction approved
June  13,  2002;  and, on September 4, 2002, to authorize a reverse split of the
common stock of this corporation, 1 to 3 shares; provided that no shareholder be
reversed  below 100 shares, and no shareholder owning less than 100 shares shall
be  reversed.

                                        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  Bloomberg


                                   high         low
                  period ending     bid         bid          volume
                  -------------------------------------------------
                  3rd 2001         $0.16        0.12         10,000
                  4th 2001
                  ended 9/30       $3.00       $1.00      1,000,000
                  1st 2002          3.25        1.50        801,000
                  2nd 2002 (1)      7.67        3.03        236,670
                  3rd 2002          7.80        1.95        118,330
                  4th 2002
                  ended 9/30        4.20        0.18        250,000

       (1)  Post  Split  3  to  1  numbers

 (B)  HOLDERS.  There  are presently approximately 42 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  (20,000,000)(post  all splits) new investment
shares  (Rule  144[a]),  pursuant to Section 4(2) of the Securities Act of 1933.
The shares were issued for officer compensation valued at $30,000.00. Please see
Part  III,  Item  10,  for  more  information.


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

 (A)  PLAN  OF  OPERATION FOR THE NEXT TWELVE MONTHS. Current conditions are not
favorable  to pursuing any acquisition transactions at this time, in the opinion
of  present  Management.  We  are  presently  dormant,  in a holding-pattern and
inactive,  and  expect  to  remain  so  for  the  next  twelve  months.

     There  can be no assurance that we will be successful in raising sufficient
funding  from  any  sources  during  the  next  twelve  months.  Even  if we are
successful  in  raising  capital through any sources, 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)

                                        7
<PAGE>

could  involve  restrictive  covenants  with  respect  to future capital raising
activities  and  other  financial  and  operational  matters.

 (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 condition
raises substantial doubts about whether we can continue as such a going concern,
without  the  infusion  of  funding  from  outside  sources.

     We  have  no cash, receivables, or assets, nor history of revenues. We have
engaged  in no operations during the period of this report except as reported in
Item  1  of  Part  I.

     We  are presently dormant and inactive and expect to remain so for the next
twelve  months.

     There  is  no  assurance  that  we will ever make an acquisition or achieve
profitability  for  shareholders.


                         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  (Attachment  A).

--------------------------------------------------------------------------------
                              FINANCIAL STATEMENTS
--------------------------------------------------------------------------------
FK-02     Audited  Financial  Statements for the years ended September 30, 2002,
          2001,  and  from  inception  April  9,  1998.
--------------------------------------------------------------------------------


             The Remainder of this Page is Intentionally left Blank

                                        8
<PAGE>

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

     We  have  engaged  a  new Independent Auditor, prospectively, to review and
comment  on  its next Annual Report, and to assist management in preparing other
current  reports. There has been no dispute of any kind or sort with any auditor
on  any  subject.

     The  new  principal  independent  accounting firm is Chisholm & Associates,
Inc.,  replacing  our  initial  principal  auditor,  HJ  &  Associates, LLC. The
decision  to  change  accountants  was  recommended and approved by our Board of
Directors.  The  firm of Chisholm & Associates, Inc. was engaged by the Board of
Directors  as  the  new  certifying  accountants  on  February  10,  2002.

     The  former  auditing  firm,  HJ  &  Associates,  LLC  neither resigned nor
declined  to  stand  for election. The former auditor's reports on the financial
statements  for  either  of  the  past two years contained no adverse opinion or
disclaimer  of  opinion,  nor  were  modified  as to uncertainty, audit scope or
accounting principles. During the two most recent fiscal years and later interim
periods  through  the termination of the client-auditor relationship, there were
no disagreements of the type described under Item 304(a)(1)(iv)(A) of Regulation
S-B.

     A  letter  addressed  to  the  Securities and Exchanges Commission from the
former auditor stating his agreement with the disclosures made in this filing is
filed  as  an  exhibit  16.1  to our Report on Form 8-K dated February 14, 2002.


                                    PART III


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

     Dan  Sifford was our previous Officer and Director. Mark Libratore became a
nominal  officer  briefly,  but  did not serve or consummate his office. Luke C.
Zouvas, attorney at law has become our Custodian-Trustee, acting as Interim Sole
Officer  and  Director.

     J.  Dan  Sifford,  Jr.,  (63)(previous  Officer/Director)  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.

                                        9
<PAGE>

     Mark Libratore, (51) the President of Liberator Medical Supply, Inc. a full
service  durable  medical supply company rapidly growing with at this time three
national  sales  campaigns  currently functioning, was briefly an officer of our
corporation  in  anticipation  of  the  acquisition  of his private company. The
transaction  did  not close and his appointment was rescinded by mutual consent.

     Luke  C.  Zouvas  (32)(current  Attorney-Custodian,  acting as Interim Sole
Officer/Director)  was  admitted to practice in California, in November of 2001.
Since  then  he  has  engaged  in  the  practice  of  litigation,  and corporate
transactions.


             The Remainder of this Page is Intentionally left Blank

                                       10
<PAGE>

                        ITEM 10.  EXECUTIVE COMPENSATION.

     On  September  10,  2001, we issued Thirty Million (30,000,000) (pre-split)
(WHICH  BECAME  20,000  SHARES  POST-SPLIT) 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. These
shares  were  later  cancelled  by  mutual  consent.

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

     These  shares  have  been  cancelled  by  mutual  consent.


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

 (A)  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS.  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.

--------------------------------------------------------------------------------
       Name and Address of                       Attributed
        Beneficial Owner                         Ownership                %
--------------------------------------------------------------------------------
Luke C. Zouvas, ESQ (1) Custodian
24843 Del Prado Suite 318
Dana  Point  CA  92629                            20,031,667            80.34
--------------------------------------------------------------------------------
All Officers and Directors as a Group             20,031,667            80.34
--------------------------------------------------------------------------------
Total  Shares  Issued  and  Outstanding           24,934,776           100.00
--------------------------------------------------------------------------------


(1)  Our  Custodian  to hold in trust for interim control purposes only, and not
for  resale.  The  Custodian  disclaims  beneficial  interest.


 (B)  CHANGES  IN  CONTROL.  There  are  no  arrangements  known  to Registrant,
including any pledge by any persons, of securities of Registrant, which may at a
subsequent  date  result  in  a  change of control of the Issuer, other than the
probability  mentioned  in  Item  1  and  elsewhere.

                                       11
<PAGE>

            ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     Luke  C.  Zouvas,  Attorney-Custodian,  has  received  the control block of
20,031,667  shares,  in  trust,  and  without  claim of beneficial interest. The
ultimate disposition of these shares in uncertain; however, it is to be expected
that  these  shares  will  not  be  deemed  entitled  to  reliance on any resale
exemption,  by  any person or transferee of any person, without registration. If
and  when  any  acquisition might take place, by which we might acquire a target
business, these shares would be expected to be subject either to registration or
cancellation,  as  a  part  of  any  such  transaction.

                       ITEM 13.  CONTROLS AND PROCEDURES.

     EVALUATION  OF DISCLOSURE CONTROLS AND PROCEDURES. Based upon an evaluation
under  supervision  and  with  the participation of our management, as of a date
within  90  days  of  the  filing date of this Annual Report on form 10-KSB, our
principal  executive officer and principal financial officer have concluded that
our  disclosure  controls  and  procedures  (as  defined  in Rules 13a-14(c) and
15d-14(c))  under  the  Securities Exchange Act of 1934, are effective to ensure
that  information  required  to  be disclosed (in reports that we file or submit
under  that Exchange Act) is recorded, processed, summarized and reported within
the  time  periods  specified  in  SEC  rules  and  forms.

     Changes  in  Internal  Accounting. THERE WERE NO SIGNIFICANT CHANGES IN OUR
INTERNAL  CONTROLS  OR  OTHER  FACTORS  THAT  COULD  SIGNIFICANTLY  AFFECT THESE
CONTROLS  SUBSEQUENT  TO  THE DATE OF THEIR EVALUATION. THERE WEE NO SIGNIFICANT
DEFICIENCIES  OR  MATERIAL  WEAKNESSES,  AND  THEREFORE THERE WERE NO CORRECTIVE
ACTIONS  TAKEN.  HOWEVER,  THE DESIGN OF ANY SYSTEM OF CONTROLS IS BASED IN PART
UPON  THE  ASSUMPTIONS  ABOUT  THE  LIKELIHOOD OF FUTURE EVENTS, AND THERE IS NO
CERTAINTY  THAT  ANY  DESIGN WILL SUCCEED IN ACHIEVING ITS STATED GOAL UNDER ALL
POTENTIAL  FUTURE  CONSIDERATIONS,  REGARDLESS  OF  HOW  REMOTE.

   ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.

 (A)  AUDIT  COMMITTEE  REPORT.  Attachment  A.

 (B)  CERTIFICATION(S)  PURSUANT  TO  18  USC  SECTION  1350.  Attachment  B

 (C)  FORM  8-K REPORTS. During the annual period of this report, we filed three
current  reports  on  Forms  8-K:

     FEBRUARY  14,  2002:  Our  new  principal  independent  accounting  firm is
Chisholm  &  Associates,  Inc.,  replacing  our  initial principal auditor, HJ &
Associates, LLC. The decision to change accountants was recommended and approved
by  our  Board of Directors. The firm of Chisholm & Associates, Inc. was engaged
by  the  Board  of  Directors  as the new certifying accountants on February 12,
2002.  The  former  auditing  firm,  HJ  &  Associates, LLC neither resigned nor
declined  to  stand  for election. The former auditor's reports on the financial
statements  for  either  of  the  past two years contained no adverse opinion or
disclaimer  of  opinion,  nor  were  modified  as to uncertainty, audit scope or
accounting principles. During the two most recent fiscal years and later interim
periods  through  the termination of the client-auditor relationship, there were
no disagreements of the type described under Item 304(a)(1)(iv)(A) of Regulation
S-B.

     MAY  23,  2002:  Nominal  control  of  our  issuer  changed  briefly,  in
anticipation  of  an acquisition which did not occur. As of May 16, 2002, J. Dan
Sifford  resigned  and  retired as sole Officer in favor of Mark A. Libratore as
follows:  Mr.  Sifford  resigned  as President and Sole Officer, but he remained
Director  and  Chairman  of  the Board of Directors, temporarily. (Mr. Libratore
became  President  and a nominee for a member of the Board of Directors, but his
appointment  and  nomination  were  rescinded  later  by  mutual  consent.)

     AUGUST  14,  2002:  Mark  A.  Libratore  will  not control this Issuer. The
acquisition  by  Oasis  Entertainment's  Fourth Movie Project, Inc. of Liberator
Medical  Supply,  Inc.  has been rescinded by mutual consent. Interim control of
this  Registrant has passed to Luke C. Zouvas, attorney, as Custodian, to act as
interim  Officer/Director  for  the  limited  purposes of restoring Oasis to its
pre-rescission  condition.

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

[3]   ARTICLES  OF  INCORPORATION  AND  BY-LAWS

    3.1     ARTICLES  OF  INCORPORATION
    3.2     BY-LAWS

 (E)  EXHIBITS.  The  following  Exhibit  is  incorporated by reference from our
Report  on  Form  8-K  dated  February  14,  2002:

           Exhibit  16.1  Letter  on  Change  in Certifying Accountant from HJ &
Associates,  LLC

                                       12
<PAGE>

                                   SIGNATURES


     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  their  individual capacities and on the date, as indicated.

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                              a nevada corporation


Dated:  January  14,  2003



                                /s/Luke C Zouvas
                                 Luke C. Zouvas
                                Custodian/Trustee

                                       13
<PAGE>

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

                                    EXHIBIT A

                             AUDIT COMMITTEE REPORT

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

                                       14
<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  (who was Officer/Director during (2002)and Luke C. Zouvas
(our  present  Attorney-Custodian/Officer-Director).  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,
2002  filed  with  the  Securities  and  Exchange  Commission.

/s/J.  Dan  Sifford                                          /s/Luke  C.  Zouvas
   J.  Dan  Sifford                                             Luke  C.  Zouvas
Former  President/Director          Attorney-Custodian  as Sole Officer/Director

                                       15
<PAGE>

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

                                    EXHIBIT B

                 CERITIFICATION PURSUANT TO 18 USC SECTION 1350

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

                                       16
<PAGE>

                 CERITIFICATION PURSUANT TO 18 USC SECTION 1350


      Luke  C.  Zouvas,  Officer/Director  of  this  Registrant  Company, hereby
certifies,  to  the  best  of  my  knowledge and belief, in connection with this
Annual  Report  on  Form  10-KSB,  dated  January  14,  2003:


     (1)     This  report  fully complies with the requirements of section 13(a)
or  15(d)  of  the  Securities  Exchange  Act  of  1934;  and


     (2)     The  information  contained  in this report fairly presents, in all
material  aspects,  the  financial  condition  and results of operations of this
Registrant  Company.


Certification  Dated:  January  14,  2003


                                /s/Luke C. Zouvas
                                 Luke C. Zouvas

                                       17
<PAGE>

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

                              FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2002


                                 C O N T E N T S


Independent  Auditors'  Reports                                                3

Balance  Sheet                                                                 5

Statements  of  Operations                                                     6

Statements  of  Stockholders'  Equity                                          7

Statements  of  Cash  Flows                                                    9

Notes  to  the  Financial  Statements                                         10

                                       18
<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, 2002, and
the  related  statements  of  operations, stockholders equity/(deficit) and cash
flows for the year then ended. 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 audit.  The financial statements of
Oasis  Entertainment's  Fourth  Movie Project, Inc. as of September 30, 2001 and
for  the  year  then  ended,  were audited by other auditors whose report, dated
January  3,  2002,  expressed  an  unqualified  opinion.

We  conducted  our  audit  in  accordance  with  accounting  standards generally
accepted  in the United States of America.  Those standards require that we plan
and perform the audit 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  audit  provides  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, 2002 and
the  results  of  its  operations and its cash flows for the year then ended and
from  inception  on  April 9, 1998 through September 30, 2002 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/CHISHOLM  &  ASSOCIATES
CHISHOLM  &  ASSOCIATES
North  Salt  Lake,  Utah
January  8,  2003

                                       19
<PAGE>

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


                                     ASSETS

                                                               September  30,
                                                                     2002
--------------------------------------------------------------------------------

CURRENT  ASSETS

     Cash  and  cash  equivalents                                $          0
                                                                 -------------
          Total  Current  Assets                                            0
                                                                 -------------
          TOTAL  ASSETS                                          $          0
                                                                 =============


                 LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)
                 ----------------------------------------------

CURRENT  LIABILITIES

     Accounts  payable                                           $          0
     Notes  payable  -  related  parties  (Note  6)                   399,654
                                                                 -------------
          Total  Current  Liabilities                                 399,654
                                                                 -------------

STOCKHOLDERS  EQUITY/(DEFICIT)

     Common stock; 100,000,000 shares authorized of $0.001
      par value, 24,933,301 shares issued and outstanding              24,933
     Additional  paid-in  capital          752,547
     Deficit  accumulated  during  the  development  stage         (1,177,134)
                                                                 -------------

          Total  Stockholders'  Equity/(Deficit)                     (399,654)
                                                                 -------------

          TOTAL  LIABILITIES  AND  STOCKHOLDERS'  EQUITY         $          0
                                                                 =============

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

                                       20
<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,
                                             2002              2001           2002
---------------------------------------------------------------------------------------
<S>                                    <C>            <C>            <C>
REVENUES                                  $          0  $           0  $            0
                                          --------------------------------------------

EXPENSES
     Legal  fees                                12,241        105,668         117,909
     Consulting  fees                          101,272        150,000         251,272
     Bad  debt  expense                              0         46,300          46,300
     General  and  administrative               40,157         83,332         189,850
                                          --------------------------------------------
          Total  Expenses                      153,670        385,300         605,331
                                          --------------------------------------------
LOSS  BEFORE  DISCONTINUED
  OPERATIONS                                  (153,670)      (385,300)       (605,331)
                                          --------------------------------------------
     Net loss from discontinued operations    (283,203)        (8,833)       (292,036)
     Net  loss from disposal of discontinued
        operations                            (115,947)             0        (115,947)
                                          --------------------------------------------
Net  loss  from  operations                   (552,820)      (394,133)     (1,013,314)
                                          --------------------------------------------

OTHER  INCOME  (EXPENSE)
     Impairment  loss                                0              0        (168,430)
     Interest  expense                          (9,000)       (21,580)        (47,788)
     Interest  income                            4,417         11,548          52,398
                                          --------------------------------------------
          Total  Other  Income (Expense)        (4,583)       (10,032)       (163,820)
                                          --------------------------------------------
NET  LOSS                                     (557,403)      (404,165)     (1,177,134)
                                          --------------------------------------------

OTHER  COMPREHENSIVE  INCOME  (LOSS)

     Change  in  value  of  securities
      available-for-sale                       (94,350)       205,913               0
                                          --------------------------------------------
          Total Other Comprehensive Income
            (Loss)                             (94,350)       205,913               0
                                          --------------------------------------------

NET  COMPREHENSIVE  (LOSS)                $   (651,753)   $  (198,252)   $ (1,177,134)
                                          ============================================

BASIC  LOSS  PER  SHARE-OPERATING         $      (0.00)   $     (0.01)
BASIC  LOSS  PER  SHARE-DISCONTINUED      $      (0.02)   $     (0.00)
                                          ============================
BASIC  LOSS  PER  SHARE                   $      (0.02)   $     (0.01)
                                          ============================


WEIGHTED  AVERAGE  NUMBER
 OF  SHARES  OUTSTANDING                    24,136,165     10,231,926
                                          ============================
</TABLE>

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

                                       21
<PAGE>

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


<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                              0    $            0    $           0    $          0    $        0    $         0

Common  stock  issued  to
 founders  recorded  at
 predecessor  cost  of $0.00             66,667                67              (67)              0             0              0

Common  stock  issued  for
 cash at $15.00 per share                10,000                10          149,990        (150,000)            0              0

Net  loss  from  inception  on
 April  9,  1998  through
 September  30,  1998                         0                 0                0               0             0              0
                                        ----------------------------------------------------------------------------------------

Balance,  September  30,  1998           76,667                77          149,923        (150,000)            0              0

Receipt  of  stock  subscription              0                 0                0         150,000             0              0

Common  stock  issued  for  cash
 at  $15.00  per  share                  22,066                22          330,978               0             0              0

Accrued  interest  on  notes  to
 related  parties  recorded  as
 contributed  capital                         0                 0            4,628               0             0              0

Net  loss  for  the  year  ended
 September  30,  1999                         0                 0                0               0             0       (194,139)
                                        ----------------------------------------------------------------------------------------

Balance,  September  30,  1999           98,733                99          485,529               0             0       (194,139)

Holding  loss  on  securities
 available-for-sale                           0                 0                0               0      (111,563)             0

Accrued  interest  on  notes  to
 related  parties  recorded  as
 contributed  capital                         0                 0           12,580               0             0              0

Net  loss  for  the  year  ended
 September  30,  2000                         0                 0                0               0             0        (21,427)
                                        ----------------------------------------------------------------------------------------

Balance,  September  30,  2000           98,733    $           99    $     498,109    $          0    $ (111,563)    $ (215,566)
                                        ========================================================================================
</TABLE>

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

                                       22
<PAGE>

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

<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           98,733    $           99    $     498,109    $         0    $ (111,563)    $  (215,566)

Fractional  shares  issued                1,235                 1               (1)             0             0               0

Common  shares  issued  to
 directors  at  $0.0015  for
 services rendered                   26,666,667            26,667           13,333              0             0               0

Common  shares  issued
 at  $0.03  per  share  for
 services  rendered                   4,000,000            4,000           116,000              0             0               0

Holding gain recognized on securities
 held  as  available-for-sale                 0                0                 0              0       205,913               0

Interest  accrued  on  notes  payable  to
 related  parties  recorded  as  additional
 paid-in  capital                             0                0             9,000              0             0               0

Net  loss  for  the  year  ended
 September  30,  2001                         0                0                 0              0             0        (404,165)


Balance, September 30, 2001          30,766,635           30,767           636,441              0        94,350        (619,731)

Cancellation of shares by officers   (6,666,667)          (6,667)            6,667              0             0               0

Fractional  shares                        1,475                2                (2)             0             0               0

Shares issued at $.12 per share for
 Services                               833,333              833           100,439              0             0               0

Interest accrued on notes payable to
 related parties recorded as contribution
 to capital                                   0                0             9,000              0             0               0
Holding  losses  recognized  on  securities
 held  as  available-for-sale                 0                0                 0              0       (94,350)              0

Net  loss  for  the  year  ended
 September  30,  2002                         0                0                 0              0             0        (557,403)
                                        ----------------------------------------------------------------------------------------

Balance, September 30, 2002          24,934,776    $      24,935    $      752,545    $         0    $        0    $ (1,177,134)
                                        ========================================================================================
</TABLE>

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

                                       23
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                            Statements of Cash Flows
<TABLE>
<CAPTION>
                                                                                           From
                                                                                      Inception  on
                                                                                         April  9,
                                                       For the Years Ended             1998 Through
                                                          September  30,              September  30,
                                                     2002              2001                2002
-----------------------------------------------------------------------------------------------------
<S>                                          <C>               <C>                <C>
CASH  FLOWS  FROM  OPERATING  ACTIVITIES

 Net  loss                                      $    (557,403)    $     (404,165)    $  (1,177,134)
 Adjustments to reconcile net loss to net cash (used)
 by operating activities:
 Bad  debt expense                                          0             46,300            46,300
 Common stock issued for services                     101,272            160,000           261,272
 Interest on notes payable-related  party               9,000              9,000            35,208
 Loss  on  disposal of discontinued operations        397,995                  0           397,995
Changes in assets and liabilities:
     (Increase) in interest receivable                 (4,417)           (11,548)          (42,995)
      Increase (decrease) in accounts payable            (949)               949                 0
                                                ---------------------------------------------------
 Net Cash (Used) by Operating Activities              (54,502)          (199,464)         (479,354)
                                                ---------------------------------------------------

CASH  FLOWS  FROM  INVESTING  ACTIVITIES

 Cash  paid  for  investments                               0                  0          (255,000)

 Net  Cash  (Used)  by  Investing  Activities               0                  0          (255,000)
                                                ---------------------------------------------------

CASH  FLOWS  FROM  FINANCING  ACTIVITIES

 Proceeds paid on notes receivable-related parties          0                  0          (246,300)
 Principal  received  on  notes
  receivable-related parties                                0                  0           100,000
 Proceeds received on notes payable-related party      54,502            198,969           399,654
     Common  stock  issued  for  cash                       0                  0           481,000
                                                ---------------------------------------------------
 Net Cash Provided by Financing Activities             54,502            198,969           734,354
                                                ---------------------------------------------------

NET  INCREASE  (DECREASE)  IN  CASH                         0               (495)                0

CASH  AT  BEGINNING  OF  PERIOD                             0                495                 0
                                                ---------------------------------------------------
CASH  AT  END  OF  PERIOD                       $           0    $             0    $            0
                                                ===================================================

SUPPLEMENTAL  CASH  FLOW  INFORMATION

CASH  PAID  FOR:

     Interest                                   $           0    $             0    $            0
     Income  taxes                              $           0    $             0    $            0
</TABLE>

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

                                       24
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2002 and 2001


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,
                                                  2002                2001
                                         -------------------------------------

 Numerator-Discontinued Operations       $     (399,150)        $     (8,833)
 Numerator-Operating Activities                (158,253)            (395,332)
                                         ------------------------------------
 Numerator-Net Loss                            (557,403)            (404,165)
 Denominator-weighted average number of
 shares outstanding                          24,136,165           30,697,777
                                         ------------------------------------

 Loss per share-discontinued operations           (0.02)               (0.00)
 Loss per share-operating activities              (0.00)               (0.01)
                                         ------------------------------------
 Loss  per  share                        $        (0.02)        $      (0.01)
                                         ====================================

                                       25
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2002 and 2001


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

     e.  Income  Taxes

At  September  30,  2002,  the  Company  had net operating loss carryforwards of
approximately  $1,016,000  that may be offset against future taxable income from
the  year  2001 through 2017.  No tax benefit has been reported in the September
30,  2002  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,
                                                2002                 2001
                                         -----------------------------------

  Income tax benefit at statutory rate   $       211,381     $      92,783
     Change  in  valuation  allowance           (211,381)          (92,783)
                                         -----------------------------------
                                         $             0     $           0
                                         ===================================

     Deferred  tax  assets  are  comprised  of  the  following:

                                                   For the Years Ended
                                                      September  30,
                                                2002                 2001
                                         -----------------------------------

 Income tax benefit at statutory rate    $     386,080     $       174,699
     Valuation  allowance                     (386,080)           (174,699)
                                         -----------------------------------
                                         $           0     $             0
                                         ===================================

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.

                                       26
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2002 and 2001


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  had  a  limited  portfolio  of  investments  in  marketable equity
securities  at September 30, 2001. In 2002 all securities were returned pursuant
to  a  settlement agreement, (See Note 3). 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

     In  July,  2001,  the  Financial  Accounting  Standards  Board  issued  two
statements  -  Statement 141, Business Combinations, and Statement 142, Goodwill
and  Other  Intangible  Assets. The adoption of these principles had no material
effect  on  the  Company's  financial  statements.

                                       27
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2002 and 2001


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  seek  out and consummate a merger with an existing
operating  company  or  find  other  business  operations.  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.  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.

In  June 2002, the Company agreed to settle $283,203 in payables with Reliant by
transferring  the above stock  and canceling a note receivable in the amount of
$144,150  with accrued interest, due from Reliant.  The Company also transferred
all  movie  and  editing activities in connection with the settlement agreement.
The  loss  is  disclosed under disposal of discontinued operations.  The Royalty
agreement  was  also  cancelled  pursuant  to  the  settlement  agreement.

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 June 10, 2002, the outstanding principal balance of
this  loan  was  $100,000,  plus $44,150 in accrued interest.  The note was then
canceled  pursuant  to  the  settlement  agreement  as  mentioned  in  NOTE  3.

                                       28
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           September 30, 2002 and 2001


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  2001  period.

NOTE  6  -     NOTES  PAYABLE  -  RELATED  PARTIES

As  of  September 30, 2002, the Company had a total of $399,654 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 of $309,654 to
Paladin  Global  Group,  Ltd.  (formerly Intrepid International, Inc.)(Paladin).
This note bears interest at a rate of 18% per annum.  Paladin is a related party
with  whom  the  Company  shares  office  space,  office  equipment, and certain
officers  and directors.  Paladin loaned the Company $54,502 and $186,389 during
the  years  ending  September  30,  2002 and 2001, respectively. During the year
ended  September 30, 2001, the Company's cash assets became completely depleted,
and  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, 2002, the
Company  had  not  yet  made  any  payments on the note, and Paladin had made no
demands  for  payment.

NOTE  7  -     COMMON  STOCK  TRANSACTIONS

In  1998,  the  Company  issued  10,000 shares of its common stock under a stock
subscription  at $15.00 per share.  The stock subscription was collected in 1999
for  $150,000  in  cash.  In  1999, the Company also issued an additional 22,066
shares  of  its  common  stock  for  cash  at  $15.00  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 98,733.  The Company also
issued  1,235  fractional  shares  pursuant  to  this  action.

     In  September 2001, the Company elected to issue 26,666,667 (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  4,000,000  shares  of  its  common  stock  at  $0.032
(pre-split)  per  share,  as  consideration  for  services  rendered  by outside
parties.

Effective October 1, 2001, officers of the Company cancelled 6,666,667 shares of
common  stock  for  no  consideration.

                                       29
<PAGE>

                OASIS ENTERTAINMENT'S FOURTH MOVIE PROJECT, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                         September  30,  2002  and  2001

NOTE  7  -     COMMON  STOCK  TRANSACTIONS  (continued)

     In  December 2001, the Company elected to forward-split its common stock on
a  2 for 1 basis.  All references to the Company's common stock made herein have
been  retroactively  stated  to  reflect  this  action.

During the year ended September 30, 2002, the Company elected to perform a 1 for
3  reverse  stock  split.  Fractional shares of 1475 were issued therewith.  The
financial  statements  have  been  retroactively restated to reflect this split.

In  September  2002, the Company authorized the issuance fo 833,333 shares to be
issued pursuant to an S-8 offering, for services valued at $101,272 (or $.12 per
share).

NOTE  8  -     OTHER  RELATED  PARTY  TRANSACTIONS

Common  Officer
---------------

Mr. Karl Rodriquez served as a member of the Board of Directors for both Reliant
and  the  Company  during  the  year 2001.  In 2002, Mr. Rodriquez resigned as a
member  of  the  Board  of  the  Company.

NOTE  9  -     DISCONTINUED  OPERATIONS

As discussed in Note 3 above, the Company settled various liabilities to Reliant
Interactive with the cancellation of Notes receivable, and the return of Reliant
stock.  At  the  same  time  the  Company  assigned  all  interest  in the movie
production and editing operations they had to Reliant. All activities related to
the movie production and editing operations have been classified as discontinued
operations  on  the statement of operations. A loss was incurred in the transfer
of  the  assets and forgiveness of liabilities concurrent with this transaction,
and  has  been  disclosed  as  a  loss from disposal of discontinued operations.

                                       30
<PAGE>