FORM 10-K-SB/A

                       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.)

 This Amendment to the 10-KSB filed on January 23, 2003 is being made to include
The  previously  omitted  Auditors  Report from HJ & Associates. The body of the
10-KSB is omitted from this filing  only  and  can be viewed in it's entirety at
www.sec.gov.

                                        1
<PAGE>

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

                                    EXHIBIT A

                             AUDIT COMMITTEE REPORT

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

                                        2
<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

                                        3
<PAGE>

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

                                    EXHIBIT B

                 CERITIFICATION PURSUANT TO 18 USC SECTION 1350

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

                                        4
<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

                                        5
<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

                                        6
<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

                                        7
<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 statements of operations, stockholders' equity
and  cash  flows  of  Oasis  Entertainment's  Fourth  Movie  Project,  Inc.  (a
development  stage  company)  for  the  year  ended September 30, 2001, 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  results  of  operations  and  cash flows of Oasis
Entertainment's Fourth Movie Project, Inc. (a development stage company) for the
year  ended  September  30,  2001,  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,  LLP
HJ  Associates  &  Consultants,  LLP
Salt  Lake  City,  Utah
January  3,  2002

                                        8
<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.

                                        9
<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.

                                       10
<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.

                                       11
<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.

                                       12
<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.

                                       13
<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)
                                         ====================================

                                       14
<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.

                                       15
<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.

                                       16
<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.

                                       17
<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.

                                       18
<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.

                                       19
<PAGE>