UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-KSB

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

                   For the fiscal year ended December 31, 2004


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

           For the transition period from ____________to______________

                         Commission File No.: 000-32309

                                 CABLE NET, INC.
 -------------------------------------------------------------------------------
                 (Name of small business issuer in its charter)

          Nevada                                                 86-1010155
 -------------------------------------------------------------------------------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)



                             4500 Bankers Hall East
                              855 - 2nd Street S.W.
                            Calgary, Alberta T2P 4K7
                   ------------------------------------------
               (Address of principal executive office) (Zip Code)

                                  403- 298-3100
                              ---------------------
                           (Issuer's telephone number)

       Securities registered under Section 12(b) of the Exchange Act: None

       Securities registered under Section 12(g) of the Exchange Act: None


                     Common Stock, Par Value $.001 Per Share
                    ----------------------------------------
                                (Title of class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. [ X ]Yes [ ]No

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure  will be contained,  to
the  best  of  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part III of this Form  10-KSB or any
amendment to this Form 10-KSB. [ X ]

State issuer's revenues for its most recent fiscal year.  $ 0

As of December 31, 2004, we had 7,000,000  shares of our $0.001 par value common
stock  issued  and  outstanding.  As there is no public  trading  market for our
securities,  we are unable to determine the aggregate market value of the common
stock, our only class of voting stock, held by nonaffiliates.

                       DOCUMENTS INCORPORATED BY REFERENCE
                                      None

Transitional Small Business Disclosure Form (Check one): Yes [ ] No [X]

To simplify  the language in this Form  10-KSB,  Cable Net,  Inc. is referred to
herein as the "Company" or "We."

                                       1
<PAGE>


                               TABLE OF CONTENTS
                                                                            Page
Part I

ITEM 1.  DESCRIPTION OF BUSINESS ............................................  3
                The Company .................................................  3
                Business of the Company .....................................  3
                Employees ...................................................  3
ITEM 2  DESCRIPTION OF PROPERTIES ...........................................  3
ITEM 3  LEGAL PROCEEDINGS ...................................................  3
ITEM 4  SUBMISSION OF MATTERS TO A VOTE OF THE SECURITY HOLDERS .............  3
ITEM 5  MARKET FOR  REGISTRANT'S  COMMON EQUITY & RELATED  STOCKHOLDER
        MATTERS .............................................................  3
                Market ......................................................  3
                Holders .....................................................  3
                Dividends ...................................................  3
ITEM 6  MANAGEMENT'S  DISCUSSION & ANALYSIS OF FINANCIAL  CONDITION &
        RESULTS OF OPERATION ................................................  4
                Plan of Operation ...........................................  4
                Forward-Looking Statements ..................................  4
ITEM 7  FINANCIAL STATEMENTS ................................................  5
ITEM 8  CHANGES IN &  DISAGREEMENTS  WITH  ACCOUNTANTS ON ACCOUNTING &
        FINANCIAL DISCLOSURE ................................................ 13

Part II

ITEM 9  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS & CONTROL PERSONS,
        COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT ................... 13
                The Directors and Officers of the Company ................... 14
                Compliance with Section 16(a) of the Exchange Act ........... 14
ITEM 10 EXECUTIVE COMPENSATION .............................................. 14
ITEM 11 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS & MANAGEMENT ........ 14
                Security Ownership of Beneficial Owners ..................... 14
                Security Ownership of Management ............................ 14
ITEM 12 CERTAIN RELATIONSHIPS & RELATED TRANSACTIONS ........................ 15
ITEM 13 EXHIBITS AND REPORTS ON FORM 8-K .................................... 15
                Exhibits .................................................... 15
                Reports on Form 8-K ......................................... 15
SIGNATURES .................................................................. 15

                                       2
<PAGE>

                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS.

                                   The Company

Cable Net, Inc. (the "Company") is a Nevada  corporation  formed on December 31,
1998. Its principal place of business is located at 4500 Bankers Hall East 855 -
2nd Street S.W.Calgary,  Alberta T2P 4K7. The Company was organized to engage in
any lawful corporate  business,  including but not limited to,  participating in
mergers with, and the acquisitions of, other companies.  The Company has been in
the  developmental  stage since its inception and has no operating history other
than organizational matters.

                             Business of the Company

The  primary  activity of the Company  currently  involves  seeking a company or
companies  that it can  acquire or with whom it can merge.  The  Company has not
selected  any company as an  acquisition  target or merger  partner and does not
intend to limit potential  candidates to any particular  field or industry,  but
does retain the right to limit  candidates,  if it so chooses,  to a  particular
field or industry. The Company's plans are in the conceptual stage only.

                                    Employees

The Company's only employees at the present time are its officers and directors,
who will devote as much time as he determines necessary to carry out the affairs
of the Company.

ITEM 2. DESCRIPTION OF PROPERTIES

The Company has no significant assets, property, or operating capital.

ITEM 3. LEGAL PROCEEDINGS

The Company is not a party to, nor are any of its properties the subject of, any
pending legal proceedings and no such proceedings are known to the Company to be
threatened or contemplated by or against it.

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

No matter was  submitted  to a vote of the  security  holders  during the fourth
quarter of the fiscal year covered by this report.

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY & RELATED STOCKHOLDER MATTERS

                                     Market

To the knowledge of current  management,  there is no public  trading market for
the Company's common stock

                                     Holders

At  December  31,  2004,  there were  approximately  30 holders of record of the
Company's common stock.

                                    Dividends

The Company has not declared any cash dividends within the past two years of its
common stock, nor does the Company anticipate or contemplate paying dividends in
the foreseeable future.

                                       3
<PAGE>

ITEM 6. MANAGEMENT'S  DISCUSSION & ANALYSIS OF FINANCIAL  CONDITION & RESULTS OF
OPERATION

                                Plan of Operation

The Company's plan is to seek, investigate,  and if such investigation warrants,
acquire an interest in one or more  business  opportunities  presented  to it by
persons  or  firms  desiring  the  perceived   advantages  of  a  publicly  held
corporation.  At this  time,  the  Company  has no  plan,  proposal,  agreement,
understanding,  or arrangement to acquire or merge with any specific business or
company, and the Company has not identified any specific business or company for
investigation  and  evaluation.  No member of  Management or any promoter of the
Company,  or an affiliate of either,  has had any material  discussions with any
other company with respect to any acquisition of that company.  The Company will
not restrict  its search to any specific  business,  industry,  or  geographical
location,  and may  participate  in business  ventures of virtually  any kind or
nature.  Discussion of the proposed  business  under this caption and throughout
this Financial  Statement is  purposefully  general and is not meant to restrict
the  Company's  virtually  unlimited  discretion  to search for and enter into a
business combination.

                           Forward-Looking Statements

This  statement  includes  projections  of future  results and  "forward-looking
statements" as that term is defined in Section 27A of the Securities Act of 1933
as amended (the "Securities  Act"),  and Section 21E of the Securities  Exchange
Act of 1934 as amended (the "Exchange Act"). All statements that are included in
this  Financial  Statement,  other  than  statements  of  historical  fact,  are
forward-looking  statements.  Although Management believes that the expectations
reflected in these  forward-looking  statements are  reasonable,  it can give no
assurance  that such  expectations  will prove to have been  correct.  Important
factors  that  could  cause  actual  results  to  differ   materially  from  the
expectations are disclosed in this Statement,  including, without limitation, in
conjunction with those forward-looking statements contained in this Statement.

                                       4
<PAGE>


ITEM 7. FINANCIAL STATEMENTS

                                TABLE OF CONTENTS
                                                                      PAGE




REPORT OF INDEPENDENT REGISTERED ACCOUNTING FIRM ..................... F-1

BALANCE SHEET ........................................................ F-2

STATEMENTS OF OPERATIONS ............................................. F-3

STATEMENTS OF STOCKHOLDERS' EQUITY ..................................  F-4

STATEMENTS OF CASH FLOWS ............................................  F-5

NOTES TO FINANCIAL STATEMENTS  ....................................... F-6


                                       5
<PAGE>

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders
CABLE NET, INC.
Calgary, Alberta

We have  audited the  accompanying  balance  sheet of CABLE NET,  INC. (a Nevada
development  stage company) as of December 31, 2004, and the related  statements
of operations,  stockholders'  equity (deficit),  and cash flows for each of the
years in the two year period ended  December  31, 2004,  and for the period from
July 16, 1998 (inception) to December 31, 2004.  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 the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company has determined that it
is not  required  to  have,  nor were we  engaged  to  perform,  an audit of its
internal control over financial reporting.  Our audit included  consideration of
internal  control  over  financial  reporting  as a basis  for  designing  audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the  effectiveness  of the Company's  internal  control
over financial reporting. Accordingly, we express no such opinion. An audit also
includes  examining,  on a test  basis,  evidence  supporting  the  amounts  and
disclosures in the financial  statements,  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 CABLE NET, INC., as of December
31, 2004,  and the results of its  operations and its cash flows for each of the
years in the two year period ended  December  31, 2004,  and for the period from
July 16, 1998  (inception) to December 31, 2004, in conformity  with  accounting
principles generally accepted in the United States of America.

The accompanying  financial  statements have been prepared  assuming the Company
will  continue  as a going  concern.  As  discussed  in Note 1 to the  financial
statements,  the  Company  is in the  development  stage  and has not  commenced
operations.  Its ability to continue as a going  concern is  dependent  upon its
ability to develop  additional  sources of capital,  and/or  achieve  profitable
operations.  These  conditions  raise  substantial  doubt  about its  ability to
continue  as a going  concern.  The  financial  statements  do not  include  any
adjustments that might result from the outcome of this uncertainty.


Braverman International, P.C.
Prescott, Arizona
April 25, 2005
                                      F-1

                                       6
<PAGE>

                                 CABLE NET, INC.
                         ( a Development Stage Company)
                                  BALANCE SHEET
                                December 31, 2004


                                     ASSETS
                                    --------

 CURRENT ASSETS                                                       $     --
                                                                      --------

                                                                            --
                                                                      ========

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


CURRENT LIABILITIES

       Accounts payable                                               $     --
       Advances-officer/shareholder                                      4,625
                                                                      --------

       Total Current Liabilities                                         4,625
                                                                      --------


COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)

     Common stock, par value $.001, 25,000,000 shares
        authorized, 7,000,000 issued and outstanding                     7,000
     Paid in Capital                                                    17,600
    (Deficit) accumulated during the development stage                 (29,225)
                                                                      --------

                 Total Stockholders' Equity (Deficit)                   (4,625)
                                                                      --------

                                                                           --
                                                                      ========

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
                                      F-2


                                       7
<PAGE>


                                 CABLE NET, INC.
                         ( a Development Stage Company)
                            STATEMENTS OF OPERATIONS


                                                              Cumulative
                                                                  from
                                                              December 31,
                                                                  1998
                                                              (Inception)
                                     Years Ended December 31,      to
                                    ------------------------- December 31,
                                         2004        2003          2004
                                    ------------ ------------ ------------


REVENUE                               $       --  $        --  $        --
                                    ------------ ------------ ------------
EXPENSES
  General and adminstrative                8,127        4,358       29,225
                                    ------------ ------------ ------------

    TOTAL EXPENSES                         8,127        4,358       29,225
                                    ------------ ------------ ------------

NET (LOSS)                            $   (8,127) $    (4,358) $   (29,225)
                                    ============ ============ ============

NET (LOSS) PER COMMON SHARE-BASIC     $      *     $      *
                                    ============ ============
WEIGHTED AVERAGE NUMBER
OF COMMON SHARES OUTSTANDING           7,000,000    7,000,000
                                    ============ ============

* Less than $(.01) per share

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
                                       F-3


                                       8
<PAGE>

                                 CABLE NET, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
<TABLE>
<CAPTION>


                                                                              (Deficit)
                                                                             Accumulated
                                             Common Stock                     During the
                                     ------------------------      Paid-in   Development
                                       Shares        Amount        Capital       Stage         Total
                                     ----------    ----------    ----------   ----------    ----------
<S>                                      <C>         <C>            <C>          <C>           <C>
Balances, at inception                       --    $       --    $       --   $       --    $       --
 Issuance of stock, January 12,1999
    at $.001 per share                7,000,000         7,000                                    7,000
 Net (loss) for the year                                                          (3,735)       (3,735)
                                     ----------    ----------    ----------   ----------    ----------
Balances, December 31, 1999           7,000,000         7,000            --       (3,735)        3,265
 Net (loss) for the year                                                          (4,485)       (4,485)
                                     ----------    ----------    ----------   ----------    ----------
Balances, December 31, 2000           7,000,000         7,000            --       (8,220)       (1,220)
 Net (loss) for the year                                                          (4,185)       (4,185)
                                     ----------    ----------    ----------   ----------    ----------
Balances, December 31, 2001           7,000,000         7,000            --      (12,405)       (5,405)
 Net (loss) for the year                                                          (4,335)       (4,335)
                                     ----------    ----------    ----------   ----------    ----------
Balances, December 31, 2002           7,000,000         7,000            --      (16,740)       (9,740)
 Net (loss) for the year                                                          (4,358)       (4,358)
                                     ----------    ----------    ----------   ----------    ----------
Balances, December 31, 2003           7,000,000         7,000            --      (21,098)      (14,098)
  Paid in capital                                                    17,600                     17,600
 Net (loss) for the year                                                          (8,127)       (8,127)
                                     ----------    ----------    ----------   ----------    ----------
Balances, December 31, 2004           7,000,000    $    7,000    $   17,600   $  (29,225)   $   (4,625)
                                     ==========    ==========    ==========   ==========    ==========
</TABLE>
                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
                                      F-4


                                       9
<PAGE>


                                 CABLE NET, INC.
                         ( a Development Stage Company)
                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>

                                                                            Cumulative
                                                                               from
                                                                           December 31,
                                                                               1998
                                                                            (Inception)
                                                 Years Ended December 31,       to
                                                 ------------------------- December 31,
                                                      2004         2003        2004
                                                 ------------ ------------ ------------
<S>                                                    <C>          <C>          <C>
OPERATING ACTIVITIES
   Net (loss) from operations                        $ (8,127)    $ (4,358)    $(29,225)
                                                 ------------ ------------ ------------

      NET CASH (USED BY) OPERATING ACTIVITIES          (8,127)      (4,358)     (29,225)
                                                 ------------ ------------ ------------
FINANCING ACTIVITIES
   Shareholder advances                                 8,127        4,358       22,225
   Proceeds from sale of common stock                                   --        7,000
                                                 ------------ ------------ ------------

      NET CASH PROVIDED BY FINANCING ACTIVITIES         8,127        4,358       29,225
                                                 ------------ ------------ ------------
      NET INCREASE IN CASH                                 --           --           --
                                                 ------------ ------------ ------------
      CASH, BEGINNING OF PERIOD                            --           --           --
                                                 ------------ ------------ ------------
      CASH, END OF PERIOD                            $     --     $     --     $     --
                                                 ============ ============ ============
      SUPPLEMENTAL INFORMATION
        Officer advances contributed to capital      $ 17,600                  $ 17,600
                                                 ============              ============
</TABLE>

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
                                       F-5


                                       10
<PAGE>


                                 CABLE NET, INC.
                         ( a Development Stage Company)
                         NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

History

Cable  Net,  Inc.  (the  Company),  is in the  development  stage as  defined in
Financial   Accounting   Standards  Board  Statement  No.  7.  It  is  a  Nevada
corporation,  formed December 31, 1998. Since inception it has had no operations
and is a reporting company having filed a Form 10-SB which became effective. The
Company's year-end is December 31.

On September 7, 2004 the control of the Company  changed as a result of the sale
by the  two  major  shareholders  of the  majority  of  their  stock  to the new
president and others. The then existing two officers/Board Members resigned.

Going Concern

The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of  liabilities  in the normal  course of  business.  The  Company's  ability to
continue in existence is dependent on its ability to develop  additional sources
of capital,  locate and merge with a  profitable  merger  candidate,  or achieve
profitable  operations.   Management's  plan  is  to  pursue  a  stock  exchange
transaction with a viable entity. The accompanying  financial  statements do not
include any adjustments that might result from the outcome of this uncertainty.

Income Taxes

Income taxes in are provided for using the  liability  method of  accounting.  A
deferred tax asset or liability is recorded for all temporary difference between
financial and tax reporting. Deferred tax expense (benefit) results from the net
change  during  the year of  deferred  tax  assets  and  liabilities.  Valuation
allowances are  established  when necessary to reduce deferred tax assets to the
amount  expected to more likely than not be realized in future tax returns.  Tax
law and rate  changes are  reflected  in income in the period  such  changes are
enacted.

Earnings (loss) Per Common Share

Loss per common share has been calculated based upon the weighted average number
of common shares  outstanding during the period in accordance with the Statement
of Financial  Accounting  Standards Statement No. 128, "Earnings per Share". For
loss per share and financial  presentation purposes, all shares outstanding were
considered issued at inception of the Company.


Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities,  the disclosure of contingent assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting  periods.  Actual results could differ from those estimates
and assumptions.
                                      F-6
                                       11
<PAGE>

NOTE 2 - CAPITAL CONTRIBUTIONS  AND RELATED PARTY TRANSACTIONS

The Company's officers and directors have been replaced as of September 7, 2004.
The accounts payable to the father of one of the former  principal  shareholders
as of that date of $17,600, was contributed to the Company in the third quarter,
which has been  classified  as  paid-in-capital  in the  accompanying  financial
statements.

Operating  expenses since inception  include amounts incurred by the Company for
management  services,  incorporation  and annual charter fees,  office expenses,
filing fees,  resident  agent and  auditing and review  services at the lower of
cost or fair value.  Since the Company has never maintained a bank account,  all
such  expenses  incurred as of June 30, 2004 have been paid by the father of one
of the former  principal  shareholders,  less the proceeds he received  from the
sale of the 7,000,000  shares of the Company's  common stock of $7,000 for a net
amount of $17,600.

As of  December  31,  2004,  the  accumulated  amount  of  expenses  owed to the
president/shareholder  of the Company  for amounts he provided  for the last six
months of 2004 was $4,625.

NOTE 3 - INCOME TAXES

There was no current  federal  tax  provision  or benefit  for any period  since
inception,  nor were  there any  recorded  deferred  income  tax  assets as such
amounts were completely offset by valuation allowances. All expenses incurred to
date are  considered  start-up  costs for income tax  purposes,  and will become
deductible  once the  Company's  business  commences.  Such costs are subject to
amortization over a 5 year period, unless permanently  capitalized.  The Company
has net  operating  loss  carryovers  for income tax purposes as of December 31,
2004 of $750, substantially all of which expire in the year 2023, if unused.

The following is an analysis of deferred tax assets for as of December 31, 2003
and 2004:

                                              Deferred     Valuation
                                             Tax Assets   Allowance    Balance
                                          ---------- ----------- -------------
Deferred tax assets at December 31, 2003    $  1,520      (1,520)    $     -0-
Additions for 2004                             1,355      (1,355)          -0-
                                          ---------- ----------- -------------

Deferred tax assets at December 31, 2004    $  2,875    $ (2,875)    $     -0-
                                          ========== =========== ============

The following is reconciliation  from the expected  statutory federal income tax
provision  to the  Company's  actual  income tax  (benefit)  for the years ended
December 31:

                                                                 2004     2003

Expected income tax (benefit) at federal statutory tax rate  $  (1,355 $  ( 362)
Valuation allowance                                              1,355      362
                                                             --------- --------

Actual income tax (benefit)                                  $     -0- $    -0-
                                                             ========= ========

                                      F-7
                                       12
<PAGE>

NOTE 4 -  COMMITMENTS AND CONTINGENCIES

No income tax returns have been filed since  inception,  nor is there any income
tax liability associated with such returns.

NOTE  5 - THE EFFECT OF RECENTLY ISSUED ACCOUNTING  STANDARDS

In December  2002,  the FASB issued SFAS No. 148,  "Accounting  for  Stock-Based
Compensation--Transition  and  Disclosure--an  amendment  of SFAS No. 123." This
Statement  amends SFAS No. 123,  "Accounting for Stock-Based  Compensation",  to
provide  alternative  methods of transition  for a voluntary  change to the fair
value based method of  accounting  for  stock-based  employee  compensation.  In
addition,  this statement amends the disclosure  requirements of SFAS No. 123 to
require prominent  disclosures in both annual and interim  financial  statements
about the method of accounting for  stock-based  employee  compensation  and the
effect of the method used on reported  results.  The adoption of SFAS No. 148 is
not expected to have a material  impact on the company's  financial  position or
results of operations.

SFAS No.  123R was  recently  issued  which  replaces  SFAS No.  123. It becomes
effective  in the first  interim or annual  reporting  period that begins  after
December 15, 2005 for small business issuers.  This statement no longer allows a
fair value  based  method  which was  provided by APB 25. SFAS No. 123R covers a
wide range of share-based  compensation  arrangements,  including share options,
restricted share plans, performance-based awards, share appreciation rights, and
employee share purchase plans.  It establishes  standards for the accounting for
transactions  in which an entity  exchanges its equity  instruments for goods or
services. The revised statement doesn't prescribe a specific valuation technique
that is to be used.
                                      F-8

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

The  Company is not aware,  and has not been  advised  by its  auditors,  of any
disagreement  on any matter of accounting  principles  or  practices,  financial
statement disclosures, or auditing scope or procedure.

                                     PART II

ITEM 9. DIRECTORS,  EXECUTIVE OFFICERS,  PROMOTERS & CONTROL PERSONS, COMPLIANCE
        WITH SECTION 16(a) OF THE EXCHANGE ACT

The Directors and Officers of the Company are as follows:

Name                      Age Positions and Offices Held
------------------------- --- --------------------------
Frank Marasco             49  President / Director

Maria Marasco             53  Secretary, Treasurer and
                                 Director

Frank Marasco has been  President  and Director of Cable Net Inc.  since Sept 7,
2004. Mr. Marasco has a strong business sense. He inspires  confidence in people
by empowering them to do their job,  appreciating  and respecting them for their
accomplishments.  Mr.  Marasco  is  experienced  in  financing  matters  and the
continuous  growth of business.  He has  strategic  insight in putting  business
deals together.

                                       13
<PAGE>

ITEM 9. DIRECTORS,  EXECUTIVE OFFICERS,  PROMOTERS & CONTROL PERSONS, COMPLIANCE
        WITH SECTION 16(a) OF THE EXCHANGE ACT - continued

Maria Marasco has been Secretary  Treasurer and Director of Cable Net Inc. since
Sept. 7, 2004. Ms. Marasco attended  University of Calgary.  For the last twenty
years,  she has worked as  administrative  assistant for various  privately held
companies.

                Compliance with Section 16(a) of the Exchange Act

The Company does not have a class of equity  securities  registered  pursuant to
Section 12 of the Exchange Act. As a result, no reports are required to be filed
pursuant to Section 16(a).

ITEM 10. EXECUTIVE COMPENSATION

During the last fiscal  year,  the  Company's  officers  and  directors  did not
receive any salary, wage or other compensation.  During the current fiscal year,
the Company has no present  plans or means to pay  compensation  to its officers
and directors.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS & MANAGEMENT

As of December 31, 2004, there were 7,000,000 shares of our common stock,  $.001
par value  outstanding.  The following  tabulates holdings of our shares by each
person who,  subject to the above,  at the date of this  registration,  holds of
record or is known by our management to own  beneficially  more than 5.0% of the
common  shares  and,  in  addition,   by  all  of  our  directors  and  officers
individually and as a group. To the best of our knowledge, each named beneficial
owner has sole voting and investment  power with respect to the shares set forth
opposite his name.

Security Ownership of Beneficial Owners:
----------------------------------------

Beneficial Owner    Class        Amount       Nature of Ownership   Percentage
----------------    --------    ----------   -------------------   ------------
Big Mountain        Common      4,000,000            Direct            57%
Development  Ltd.

Estate of Frank     Common      2,039,484            Direct            29%
Marasco Sr.

Dan Pacholik        Common        467,258            Direct             6%

Ericksteen          Common        467,258            Direct             6%
--------------------------------------------------------------------------------

Security Ownership of Management:
---------------------------------

Beneficial Owner       Class    Amount     Nature of Ownership   Percentage
----------------       -----    ------     -------------------   ------------
Frank Marasco          Common    -0-             Direct               -0-%
President and Director

Maria Marasco          Common    -0-             Direct               -0-%
Secretary Treasurer
Director
--------------------------------------------------------------------------------
TOTAL
Common Shares:                   -0-

                                       14
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ITEM 12. CERTAIN RELATIONSHIPS & RELATED TRANSACTIONS

Frank Marasco and Maria Marasco individually own 22% of the common shares of Big
Mountain Development Ltd. collectively totaling 44% ownership of the outstanding
shares of Big Mountain Development Ltd.

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

                                    Exhibits

     (a) Exhibits

EXHIBIT
NUMBER   DESCRIPTION
-------  -----------
10.1     Articles of Incorporation*
10.2     Bylaws*

* Incorporated  by Reference on Form 10SB12G filed February 7, 2001, and amended
on March 13, 2001.

31.1 Certificate of CEO as Required by Rule 13a-14(a)/15d-14
31.2 Certificate of CFO as Required by Rule 13a-14(a)/15d-14
32.1 Certificate of CEO as Required by Rule 13a-14(b) and Rule 15d-14(b) (17 CFR
     240.15d-14(b))  and  Section  1350 of  Chapter 63 of Title 18 of the United
     States Code
32.1 Certificate of CFO as Required by Rule 13a-14(b) and Rule 15d-14(b) (17 CFR
     240.15d-14(b))  and  Section  1350 of  Chapter 63 of Title 18 of the United
     States Code

     (b) Reports on Form 8-K
Form 8-K filed September 17, 2004

                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Registrant  has duly  caused  this Report to be signed on its
behalf by the undersigned thereunder duly authorized.

CABLE NET INC.
(Registrant)

Date: April 28, 2005
By:/s/Frank Marasco
----------------------------
Frank Marasco
President and Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report
has been signed by the following  persons on behalf of the Registrant and in the
capacities and on the dates indicated.

CABLE NET INC.
(Registrant)

Date: April 28, 2005
By:/s/Frank Marasco
----------------------------
Frank Marasco
President and Director
                                       15
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