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

                                   FORM 10-QSB

(MARK ONE)

[X]      QUARTERLY  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2000.

                           OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____.

                        COMMISSION FILE NUMBER: 000-29107

                    Multinet International Corporation, Inc.
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

           Nevada                                88-0441388
----------------------------------------    --------------------
(State or other jurisdiction of             (I.R.S. Employer
 incorporation or organization)              Identification No.)

  8100 West Sahara, Suite 200
      Las Vegas, Nevada                            89117
----------------------------------------    --------------------
(Address of principal executive offices)         (Zip Code)

                                       N/A
               ---------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report.)

Indicate by check mark whether the registrant: 1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter  period that the registrant was required
to file such reports),  and 2) has been subject to such filing  requirements for
the past 90 days.
YES [X]   NO [ ]

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

      At September 30, 2000, there were outstanding 4,432,000 shares of the
      Registrant's Common Stock, $.001 par value.

Transitional Small Business Disclosure Format (check one):
YES [ ]   NO [X]



<PAGE>


                    MULTINET INTERNATIONAL CORPORATION, INC.

                                Table of Contents

Contents                                                        Page
--------                                                        ----

PART I - FINANCIAL INFORMATION .................................. 1

Item 1.  Financial Statements ................................... 1

Item 2.  Management's Discussion and Analysis .................. 14

PART II - OTHER INFORMATION .................................... 17

Item 6.  Exhibits and Reports on Form 8-K ...................... 17

SIGNATURES ..................................................... 18




<PAGE>



PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.



                    MULTINET INTERNATIONAL CORPORATION, INC.


                                    Contents



INDEPENDENT  AUDITOR'S  REPORT  ON THE  CONSOLIDATED  FINANCIAL
STATEMENTS ...........................................................   1

CONSOLIDATED FINANCIAL STATEMENTS

   Consolidated Balance Sheets .......................................   2

   Consolidated Statements of Income .................................   3-4

   Consolidated Statements of Stockholders' Equity ...................   5

   Consolidated Statements of Cash Flows .............................   6-9

   Notes to Consolidated Financial Statements ........................  10-13



<PAGE>

Independent Auditor's Report


To the Board of Directors
Multinet International Corporation, Inc.
Las Vegas, Nevada


I have  audited the  accompanying  consolidated  balance  sheet of Multinet
International  Corporation,  Inc.  as of  September  30,  2000  and the  related
consolidated statements of income,  stockholders' equity, and cash flows for the
nine months then ended. I have also audited the  accompanying  balance sheets as
of  December  31,  1999  and  1998  and  the  related   statements   of  income,
stockholders'  equity,  and cash flows for each of the years then  ended.  These
financial  statements are the  responsibility  of the Company's  management.  My
responsibility  is to express an opinion on these financial  statements based on
my audit.

I  conducted  my audit  in  accordance  with  generally  accepted  auditing
standards.  Those standards  require that I 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.
I believe that my audit provides a reasonable basis for my opinion.

In my opinion,  the  consolidated  financial  statements  referred to above
present fairly,  in all material  respects,  the financial  position of Multinet
International Corporation,  Inc. as of September 30, 2000 and the results of its
operations  and cash flows for the nine months then ended,  in  conformity  with
generally accepted accounting principles.  The consolidated financial statements
referred to above  present  fairly,  in all  material  respects,  the  financial
position of Multinet International Corporation, Inc. as of December 31, 1999 and
1998 and the results of its operations and cash flows for each of the years then
ended, in conformity with generally accepted accounting principles.



Kyle L. Tingle
Certified Public Accountant


October 27, 2000
Henderson, Nevada



                                      -1-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                           CONSOLIDATED BALANCE SHEETS
                September 30, 2000 and December 31, 1999 and 1998


<TABLE>
<CAPTION>


                                                                               September 30,    December 31,      December 31,
                                                                                        2000            1999              1998
                                                                              --------------   -------------    --------------
          <S>                                                                 <C>              <C>              <C>

                                                     ASSETS
          CURRENT ASSETS
               Cash                                                           $         497    $       2,284     $       5,506
               Prepaid expenses                                                       1,159              159                 0
                                                                              -------------    -------------     -------------

                      Total current assets                                    $       1,656    $       2,443     $       5,506
                                                                              =============    =============     =============

                                     Total assets                             $       1,656    $       2,443     $       5,506
                                                                              =============    =============     =============


                                                     LIABILITIES AND STOCKHOLDERS' EQUITY
          CURRENT LIABILITIES
               Outstanding checks in excess of bank balance                   $       1,345    $           0     $           0
               Accounts payable and accrued expenses                                    730              700               220
               Federal and state income tax payable                                       0                0               676
               Due to related parties (Note 1)                                       10,868                0                 0
                                                                              -------------    -------------     -------------

                      Total current liabilities                               $      12,943    $         700     $         896
                                                                              =============    =============     =============


          STOCKHOLDERS' EQUITY
               Common stock: $.001 par value;
                  authorized 25,000,000 shares;
                  issued and outstanding
                  4,425 shares at December 31, 1998                           $                $                 $           4
                  4,425,500 shares at December 31, 1999;                                               4,426
                  4,432,000 shares at September 30, 2000;                             4,432
               Additional Paid In Capital                                             6,993              499             4,421
               Accumulated deficit                                                  (22,712)          (3,182)              185
                                                                              --------------   --------------    -------------

                      Total stockholders' equity                              $     (11,287)   $       1,743     $       4,610
                                                                              ==============   ==============    ==============

                                     Total liabilities and
                                     stockholders' equity                     $       1,656    $       2,443     $       5,506
                                                                              ==============   ==============    ==============

</TABLE>







         See Accompanying Notes to Consolidated Financial Statements.


                                      -2-
<PAGE>


                    MULTINET INTERNATIONAL CORPORATION, INC.

                        CONSOLIDATED STATEMENTS OF INCOME
                    Nine Months Ended September 30, 2000 and
                     Years Ended December 31, 1999 and 1998

<TABLE>
<CAPTION>


                                                              September 30,     September 30,      December 31,      December 31,
                                                                       2000             1999              1999             1998
                                                              --------------    -------------     -------------    -------------
                                                                                (unaudited)
       <S>                                                    <C>               <C>              <C>               <C>

       Revenues (Notes 1 and 3)                               $     103,523     $     90,821     $     133,394     $     78,000

       Cost of revenue                                                    0                0                 0                0
                                                              --------------    -------------    --------------    -------------

                  Gross profit                                $     103,523     $     90,821     $     133,394     $     78,000

       Operating, general and administrative expenses
          Salaries and payroll taxes                          $      87,035     $     54,552     $      88,083     $          0
          Management fees                                            12,150           21,192            25,692           51,179
          Other operating expenses                                   23,868           17,715            22,986           29,723
                                                              --------------    -------------    --------------    -------------

             Operating, general and
                  administrative expenses                     $     123,053     $     93,459     $     136,761     $     80,902
                                                              --------------    -------------    --------------    -------------

                  Operating (loss)                            $     (19,530)    $     (2,638)    $      (3,367)    $     (2,902)

       Nonoperating income (expense)                                      0                0                 0                0
                                                              --------------    -------------    --------------    -------------

                  Net (loss) before income taxes              $     (19,530)    $     (2,638)    $      (3,367)    $     (2,902)
                                                              --------------    -------------    --------------    -------------

       Federal and state income taxes                                     0                0                 0              676
                                                              --------------    -------------    --------------    -------------

                  Net (loss)                                  $     (19,530)    $     (2,638)    $      (3,367)    $     (3,578)
                                                              ==============    =============    ==============    =============


                  Net (loss) per share (Note 2)               $     (0.0044)    $    (0.0035)    $     (0.0020)      $  (0.8086)
                                                              ==============    =============    ==============    =============

                  Average Number of Shares
                  of Common Stock Outstanding                     4,429,978          749,284         1,675,801            4,268
                                                              ==============    =============    ==============    =============



</TABLE>


         See Accompanying Notes to Consolidated Financial Statements.



                                      -3-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                        CONSOLIDATED STATEMENTS OF INCOME
                               Three Months Ended
                           September 30, 2000 and 1999
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                                                 September 30,     September 30,
                                                                                                          2000             1999
                                                                                                 -------------     ------------
       <S>                                                                                       <C>               <C>

       Revenues (Notes 1 and 3)                                                                  $      27,761     $     32,847

       Cost of revenue                                                                                       0                0
                                                                                                 -------------     ------------

                  Gross profit                                                                   $      27,761     $     32,847

       Operating, general and administrative expenses
          Salaries and payroll taxes                                                             $      28,008     $     26,456
          Management fees                                                                                1,150            4,500
          Other operating expenses                                                                      14,996            4,647
                                                                                                 -------------     ------------
             Operating, general and
                  administrative expenses                                                        $      44,504     $     35,603
                                                                                                 -------------     ------------

                  Operating (loss)                                                               $     (16,743)    $     (2,756)

       Nonoperating income (expense)                                                                         0                0
                                                                                                 -------------     ------------

                  Net (loss) before income taxes                                                 $     (16,743)    $     (2,756)
                                                                                                 -------------     ------------

       Federal and state income taxes                                                                        0                0
                                                                                                 -------------     ------------

                  Net (loss)                                                                     $     (16,743)    $     (2,756)
                                                                                                 =============     ============


                  Net (loss) per share (Note 2)                                                  $     (0.0038)    $    (0.0012)
                                                                                                 =============     ============

                  Average Number of Shares
                  of Common Stock Outstanding                                                        4,431,696        2,214,713
                                                                                                 =============     ============





</TABLE>



         See Accompanying Notes to Consolidated Financial Statements.



                                      -4-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                       STATEMENTS OF STOCKHOLDERS' EQUITY
                    Nine Months Ended September 30, 2000 and
                     Years Ended December 31, 1999 and 1998


<TABLE>
<CAPTION>


                                                                       Common Stock                 Additional
                                                              -------------------------------        Paid-In          Accumulated
                                                                   Shares          Amount            Capital           (Deficit)
                                                              -------------     -------------    -------------     -----------------

          <S>                                                 <C>               <C>              <C>               <C>



          Balance at December 31, 1997                                4,000     $          4     $       3,996     $      3,763

          Director Compensation                                         425                0               425

          Net (Loss), December 31, 1998                                                                                  (3,578)
                                                              -------------     ------------     -------------     -------------

          Balance at December 31, 1998                                4,425     $          4     $       4,421     $        185

          August 15, 1999, thousand
              for one stock split                                 4,422,575            4,423            (4,421)

          Sale of stock, December 16, 1999                              500                1               499

          Net (Loss), December 31, 1999                                                                                  (3,367)
                                                              -------------     ------------     -------------     -------------

          Balance at December 31, 1999                            4,425,500     $      4,426     $         499     $     (3,182)

          Sale of stock, March 9, 2000                                  500                0               500

          Sale of stock, March 31, 2000                               5,000                5             4,995

          Sale of stock July 28, 2000                                 1,000                1               999
          Net (Loss), September 30, 2000                                                                                (19,530)
                                                              -------------     ------------     -------------     -------------

          Balance at September 30, 2000                           4,432,000     $      4,432     $       6,993     $    (22,712)
                                                              =============     ============     =============     =============





</TABLE>




         See Accompanying Notes to Consolidated Financial Statements.


                                      -5-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                            STATEMENTS OF CASH FLOWS
                    Nine Months Ended September 30, 2000 and
                     Years Ended December 31, 1999 and 1998

<TABLE>
<CAPTION>

                                                              September 30,     September 30,    December 31,      December 31,
                                                                       2000             1999              1999             1998
                                                              -------------     ------------     -------------     ------------
                                                                                (Unaudited)
         <S>                                                  <C>               <C>              <C>               <C>

         Cash Flows From Operating Activities
             Cash received from customers                     $     103,523     $     90,821     $     133,394     $     78,000
             Cash paid to suppliers and vendors                    (122,678)         (93,874)         (137,116)         (81,613)
                                                              -------------     ------------     -------------     ------------

                  Net cash (used in) operating
                     activities                               $     (19,155)    $     (3,053)    $      (3,722)    $     (3,613)
                                                              -------------     ------------     -------------     ------------

         Cash Flows From Investing Activities
             Net borrowings (payments to)
                  related parties                             $      10,868     $          0     $           0     $          0
             Capital expenditures                                         0                0                 0                0
             Issuance of common stock                                 6,500                0               500                0
                                                              -------------     ------------     -------------     ------------

                  Net cash provided by investing
                     activities                               $      17,368     $          0     $         500     $          0
                                                              -------------     ------------     -------------     ------------

         Cash Flows From Financing Activities
             Proceeds from notes payable                      $           0     $          0     $           0     $          0
             Principal payments on notes payable                          0                0                 0                0
                                                              -------------     ------------     -------------     ------------

                  Net cash (used in) financing
                     activities                               $           0     $          0     $           0     $          0
                                                              -------------     ------------     -------------     ------------

                  Net increase (decrease) in cash
                     and cash equivalents                     $       1,787     $     (3,053)    $      (3,222)    $     (3,613)

         Cash and cash equivalents at
             beginning of year                                        2,284            5,506             5,506            9,119
                                                              -------------     ------------     -------------     ------------
         Cash and cash equivalents at end of year             $         497     $      2,453     $       2,284     $      5,506
                                                              =============     ============     =============     ============




</TABLE>



         See Accompanying Notes to Consolidated Financial Statements.



                                      -6-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                            STATEMENTS OF CASH FLOWS
                    Nine Months Ended September 30, 2000 and
                     Years Ended December 31, 1999 and 1998

<TABLE>
<CAPTION>

                                                              September 30,     September 30,    December 31,      December 30,
                                                                       2000             1999             1999             1998
                                                              -------------     ------------     -------------     ------------
                                                                                (Unaudited)
         <S>                                                  <C>               <C>              <C>               <C>

         Reconciliation of Net Loss to Net Cash (Used
             In) Operating Activities

         Net (Loss)                                           $     (19,530)    $     (2,638)    $      (3,367)    $     (3,578)
         Adjustments to reconcile net (loss) to cash
             (used in) operating activities:
             Director stock compensation                                  0                0                 0              425
             Change in assets and liabilities
               (Increase) decrease in prepaid expenses               (1,000)            (159)             (159)               0
               Increase (decrease) in accounts payable                1,375             (256)             (196)            (460)
                                                              -------------     ------------     -------------     ------------

                  Net cash (used in)
                    operating activities                      $     (19,155)    $     (3,053)    $      (3,722)    $     (3,613)
                                                              ==============    ============     =============     ============



          Supplemental schedule of non-cash
             investing and financing activities
          Issue common stock to directors                     $           0     $          0     $           0     $        425
                                                              =============     ============     =============     ============





</TABLE>





         See Accompanying Notes to Consolidated Financial Statements.



                                      -7-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                            STATEMENTS OF CASH FLOWS
                               Three Months Ended
                           September 30, 2000 and 1999
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                 September 30,     September 30,
                                                                                                          2000             1999
                                                                                                 -------------     ------------
         <S>                                                                                     <C>               <C>

         Cash Flows From Operating Activities
             Cash received from customers                                                        $      27,761     $     32,847
             Cash paid to suppliers and vendors                                                        (43,809)         (35,156)
                                                                                                 -------------     ------------

                  Net cash (used in) operating
                     activities                                                                  $     (16,048)    $     (2,309)
                                                                                                 -------------     ------------

         Cash Flows From Investing Activities
             Net borrowings (payments to)
                  related parties                                                                $      10,868     $          0
             Capital expenditures                                                                $           0     $          0
             Issuance of common stock                                                                    1,000                0
                                                                                                 -------------     ------------

                  Net Cash provided by investing
                     activities                                                                  $      11,868     $          0
                                                                                                 -------------     ------------

         Cash Flows From Financing Activities
             Proceeds from notes payable                                                         $           0     $          0
             Principal payments on notes payable                                                             0                0
                                                                                                 -------------     ------------

                  Net Cash (used in) financing
                     activities                                                                  $           0     $          0
                                                                                                 -------------     ------------

                  Net increase (decrease) in cash
                     and cash equivalents                                                        $      (4,180)    $     (2,309)

         Cash and cash equivalents at
             beginning of period                                                                         4,677            4,762
                                                                                                 -------------     ------------

         Cash and cash equivalents at end of period                                              $         497     $      2,453
                                                                                                 =============     ============





</TABLE>


         See Accompanying Notes to Consolidated Financial Statements.


                                      -8-
<PAGE>


                    MULTINET INTERNATIONAL CORPORATION, INC.

                            STATEMENTS OF CASH FLOWS
                               Three Months Ended
                           September 30, 2000 and 1999
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                 September 30,     September 30,
                                                                                                          2000             1999
                                                                                                 -------------     ------------
         <S>                                                                                     <C>               <C>

         Reconciliation of Net Loss to Net Cash (Used
             In) Operating Activities

         Net (Loss)                                                                              $     (16,743)    $     (2,756)
         Adjustments to reconcile net (loss) to cash
             (used in) operating activities:
             Director stock compensation                                                                     0                0
             Change in assets and liabilities
               (Increase) decrease in accounts receivable                                                    0                0
               Increase (decrease) in accounts payable                                                     695              447
                                                                                                 -------------     ------------

                  Net cash (used in)
                    operating activities                                                         $     (16,048)    $     (2,309)
                                                                                                 ==============    ============



          Supplemental schedule of non-cash
             investing and financing activities
          Issue common stock to directors                                                        $           0     $          0
                                                                                                 =============     ============






</TABLE>



         See Accompanying Notes to Consolidated Financial Statements.


                                      -9-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                September 30, 2000 and December 31, 1999 and 1998


Note 1.  Nature of Business and Significant Accounting Policies

         Nature of business
         ------------------

         Multinet International Corporation,  Inc. ("Company") was organized May
         17, 1996 under the laws of the State of Nevada.  The Company was formed
         to provide  experienced  management  to  companies  through  management
         contracts or through merger or acquisition.  Currently,  it manages one
         convenience store in the Phoenix,  Arizona through Nikky D Corporation,
         a wholly owned subsidiary.

         A  summary  of the  Company's  significant  accounting  policies is as
         follows:
         ----------------------------------------------------------------------

         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.

         Interim Financial Statements
         ----------------------------

         The  financial  statements  for the three  months and nine months ended
         September 30, 1999 are unaudited and should be read in conjunction with
         the Company's annual financial  statements for the years ended December
         31, 1999 and 1998 and the nine months ended  September  30, 2000.  Such
         interim  statements have been prepared in conformity with the rules and
         regulations  of  the  Securities  and  Exchange   Commission.   Certain
         disclosures  normally  included  in  financial  statements  prepared in
         accordance  with generally  accepted  accounting  principles  have been
         condensed or omitted pursuant to such rules and regulations  pertaining
         to interim  financial  statements.  In the opinion of  management,  all
         adjustments  (consisting of normal recurring adjustments) necessary for
         a fair  presentation  have been included.  The results of operations of
         any interim  period are not  necessarily  indicative  of the results of
         operations for the full year.

         Principles of Consolidation
         ---------------------------

         The  consolidated  financial  statements  include  the  accounts of the
         Company  and  Nikky D  Corporation,  a  wholly  owned  subsidiary.  All
         significant   intercompany   accounts   and   transactions   have  been
         eliminated.




                                      -10-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                September 30, 2000 and December 31, 1999 and 1998


Note 1.  Nature of Business and Significant Accounting Policies (continued)

         Business Combination
         --------------------

         Business   combinations   which  have  been  accounted  for  under  the
         pooling-of-interests   method  of   accounting   combine   the  assets,
         liabilities , and  stockholders'  equity of the acquired  entities with
         the  respective  accounts  of  the  Company.   Prior  period  financial
         statements  have been restated to give effect to the  acquisition  (see
         Note 3).

         Cash
         ----

         For the Statements of Cash Flows,  all highly liquid  investments  with
         maturity of three months of less are considered to be cash equivalents.
         There were no cash  equivalents as of September 30, 2000,  December 31,
         1999, and December 31, 1998.

         Income taxes
         ------------

         Deferred taxes are provided on a liability  method whereby deferred tax
         assets  are  recognized  for  deductible   temporary   differences  and
         operating   loss  and  tax  credit   carryforwards   and  deferred  tax
         liabilities are recognized for taxable temporary differences. Temporary
         differences are the differences  between the reported amounts of assets
         and liabilities and their tax basis. Deferred tax assets are reduced by
         a valuation  allowance  when, in the opinion of management,  it is more
         likely  than not that some  portion or all of the  deferred  tax assets
         will not be realized.  Deferred tax assets and liabilities are adjusted
         for the  effect  of  changes  in tax  laws  and  rates  on the  date of
         enactment.

         Due to the  inherent  uncertainty  in  forecasts  of future  events and
         operating results,  the Company has provided for a valuation  allowance
         in an amount  equal to gross  deferred  tax assets  resulting in no net
         deferred tax assets at September 30, 2000, December 31, 1999, and 1998.

         Due to Related Parties
         ----------------------

         Companies  affiliated  through common ownership have advanced funds for
         the ongoing  operations  of the company.  These are  anticipated  to be
         repaid through current operations of the company.

         Revenue Recognition
         -------------------

         The  Company  reports  income  and  expenses  on the  accrual  basis of
         accounting,  whereby  income is recorded when it is earned and expenses
         recorded when they are incurred.




                                      -11-
<PAGE>




                    MULTINET INTERNATIONAL CORPORATION, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                September 30, 2000 and December 31, 1999 and 1998

Note 2.  Stockholders' Equity

         Common stock
         ------------

         The  authorized  common  stock of the Company  consists  of  25,000,000
         shares with par value of $0.001..  On August 15,  1999,  the  Company's
         shareholders  approved a thousand  for one stock split of the  existing
         shares.  On June 15, 2000, the Company  authorized and issued 2,000,000
         shares to acquire Nikky D Corporation.

         The Company has not authorized any preferred stock.


         Net loss per common share
         -------------------------

         Net loss per share is  calculated  in  accordance  with  SFAS No.  128,
         "Earnings  Per Share."  The  weighted-average  number of common  shares
         outstanding during each period is used to compute basic loss per share.
         Diluted loss per share is computed using the weighted  averaged  number
         of shares and dilutive  potential common shares  outstanding.  Dilutive
         potential  common shares are  additional  common  shares  assumed to be
         exercised.

         Basic net loss per common share is based on the weighted average number
         of  shares  of common  stock  outstanding  of  4,429,978  during  2000;
         1,675,801  during 1999, and 4,268 during 1998. As of September 30, 2000
         and December 31, 1999, and 1998, the Company had no dilutive  potential
         common shares.

Note 3.  Acquisitions

         On July 1, 2000,  the  Company  completed  its  acquisition  of Nikky D
         Corporation  ("Nikky  D"),  in which  Nikky D  became  a  wholly  owned
         subsidiary of the Company,  The Company  exchanged  2,000,000 shares of
         common stock for all the outstanding shares of Nikky D. The acquisition
         was a recorded using the pooling method of accounting and  accordingly,
         the accompanying  financial statements and footnotes have been restated
         to include the operations of Nikky D for all periods  ended.  Nikky D's
         revenues for the six months  ended June 30, 2000 (date of  acquisition)
         and years ended December 31, 1999 and 1998 were $75,762,  $133,394, and
         $78,000, respectively. Nikky D's net loss for the six months ended June
         30, 2000 (date of  acquisition)  and years ended  December 31, 1999 and
         1998 were $(371), $(1,384), and $(2,948), respectively.









                                      -12-
<PAGE>



                    MULTINET INTERNATIONAL CORPORATION, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                September 30, 2000 and December 31, 1999 and 1998

Note 4.  Going Concern

         The Company's  financial  statements  are prepared in  accordance  with
         generally accepted accounting principles applicable to a going concern.
         This  contemplates  the  realization  of assets and the  liquidation of
         liabilities in the normal course of business.

         On July 1, 2000, the Company  acquired Nikky D.  Corporation.  Nikky D.
         Corporation,  through a management  contract with a Company  affiliated
         through common ownership and management, manages a convenience store in
         the Phoenix,  Arizona  area.  Revenues are provided for by a management
         agreement with the convenience store.

         The business plan  contemplates  equity funding or financing to acquire
         other  business or  operating  enterprises.  The Company  also seeks to
         acquire additional  management  agreements to manage convenience stores
         in the Phoenix, Arizona region.

         As of September 30, 2000, the Company's  revenues are not sufficient to
         cover expenses of the Company. Shortfalls have been covered by advances
         from parties  related by common  ownership.  Without the realization of
         increased  revenues or additional  capital through financing or sale of
         securities, it would be unlikely for the Company to continue as a going
         concern.



                                      -13-
<PAGE>


Item 2. Management's Discussion and Analysis of Financial Condition
        and Results of Operations.

STATEMENT ON FORWARD-LOOKING INFORMATION

        This Quarterly  Report contains  forward-looking  statements  about the
Company's business, financial condition and prospects that reflect the Company's
assumptions and beliefs based on information currently available.  Words such as
"believes",  "expects",  "intends",  "plans",  "anticipates",   "estimates"  and
similar  expressions  are  intended  to  identify  forward-looking   statements,
although there may be certain forward-looking statements not accompanied by such
expressions.  The Company can give no assurance that the expectations  indicated
by such forward-looking statements will be realized.

         If any of the Company's  assumptions should prove incorrect,  or if any
of the risks and uncertainties  underlying such expectations should materialize,
actual results may differ materially from those indicated by the forward-looking
statements.  The key factors that are not within the Company's  control and that
may have a direct bearing on operating results include,  but are not limited to,
acceptance  of  the  Company's  services,   the  Company's  ability  to  acquire
additional management  contracts,  the Company's ability to raise capital in the
future,  the retention of its management  staff, and changes in the need for the
Company's management services.

GENERAL OVERVIEW

         Multinet International   Corporation, Inc. (the  "Company") provides
integrated  management services for newly and fully operating automotive service
stations, dealerships, and convenience stores. The Company's corporate office is
based in Las Vegas, Nevada.

         The  integrated  management  package  provided by the Company  includes
consulting services for general accounting and management  matters.  The Company
intends to continue and improve its services, which will include the development
of  a  central   accounting  and  management   system  known  as  "the  Multinet
Connection",  which will  provide  management  and  accounting  services via the
Internet  and  telecommunications,   offering  a  centralized   organization  of
inventory,  accounting  and sales  records.  The Company's  management  services
include the following:

     o hiring and training of managerial  staff ranging from general managers to
       cashiers  and  attendants

     o general site  management  and employee  retention

     o training   employees  to  use  computer   equipment  for  full  service
       station operations, including credit card and lottery sales transactions

     o general accounting, including  daily  inventory, revenues, and payroll
       records, and maintenance of financial statements



                                      -14-
<PAGE>


         The Company  provides these services  through its subsidiary,  Nikky D.
Corporation,  to Fernando's  Mobile  Station  located in Phoenix,  Arizona.  The
Company  intends to expand its client base by  acquiring  additional  management
service contracts with automotive service stations, dealerships, and convenience
stores,  primarily  targeting newly operating  stations in the Phoenix,  Arizona
area. The Company anticipates great need for its specialized management services
by these newly  operating  stations,  so that they can concentrate on their core
operations. The Company also plans to expand its client base and management team
through strategic  acquisitions,  in order to continue  developing and enhancing
the scope of its managerial services.

RESULTS OF OPERATIONS

THREE MONTHS ENDED SEPTEMBER 30, 2000 COMPARED TO THREE MONTHS ENDED
SEPTEMBER 30, 1999

         REVENUES.  For the three months ended September 30, 2000, revenues were
approximately  $28,000,  a decrease  of  approximately  $5,000,  or 15%,  versus
revenues of approximately $33,000 for the three months ended September 30, 1999.
The decrease in revenues for the 2000 period was due  primarily to a decrease in
the amount of management  services provided to the Company's client,  Fernando's
Mobile Station, located in Phoenix, Arizona.

         OPERATING EXPENSES.  Operating  expenses,  as a percentage of revenues,
increased to 160% for the three months ended  September  30, 2000 as compared to
108% for the three months ended  September 30, 1999.  This increase in operating
expenses for the three months ended September 30, 2000 occurred primarily due to
expansion of the Company in acquiring its wholly-owned subsidiary, Nikky D.
Corporation, including accounting and legal fees.

         NET LOSSES.  For the three months ended  September 30, 2000, net losses
were  approximately  $17,000,  compared  to $3,000  for the three  months  ended
September 30, 1999.  This increase was due primarily to the Company's  increased
operating,  general and  administrative  expenses  associated with its increased
management consulting services.

NINE MONTHS ENDED SEPTEMBER 30, 2000 COMPARED TO NINE MONTHS ENDED
SEPTEMBER 30, 1999

         REVENUES.  For the nine months ended September 30, 2000,  revenues were
approximately  $104,000,  an increase of approximately  $13,000,  or 14%, versus
revenues of approximately  $91,000 for the nine months ended September 30, 1999.
The increase in revenues for the 2000 period was due primarily to an increase of
management  consulting  services,  including service station management,  to the
Company's client, Fernando's Mobile Station, located in Phoenix, Arizona.

         OPERATING EXPENSES.  Operating  expenses,  as a percentage of revenues,
increased  to 119% for the nine months ended  September  30, 2000 as compared to
103% for the nine months ended  September  30, 1999.  This increase in operating
expenses for the nine months ended September 30, 2000 occurred  primarily due to
expansion of the Company in acquiring its wholly-owned subsidiary, Nikky D.
Corporation, including accounting and legal fees.  Additional operating expenses
were incurred in April of 1999, when the Company's subsidiary began incurring
payroll expenses, including salaries and payroll taxes, for provision of its
management services.




                                      -15-
<PAGE>

         NET LOSSES.  For the nine months ended  September 30, 2000,  net losses
were  approximately  $20,000,  compared  to  $3,000  for the nine  months  ended
September 30, 1999.  This increase was due primarily to the Company's  increased
operating,  general and  administrative  expenses  associated with its increased
management consulting services.

LIQUIDITY AND CAPITAL RESOURCES

         The ability of the Company to satisfy its  obligations  depends in part
upon its ability to reach a profitable  level of operations,  securing short and
long-term financing to continue development of its management services,  and the
acquisition of additional  management  contracts and  subsidiaries.  There is no
assurance  that short and  long-term  financing  can be  obtained to fulfill the
Company's capital needs. Without the short or long-term  financing,  the Company
will  attempt to sell  additional  common  stock to meet its  current and future
capital  needs.  If the Company is not able to obtain  either short or long-term
funding,  additional  management  contracts,  or funding through the sale of its
common stock, the Company would be unlikely to continue its operations.










                                      -16-
<PAGE>

PART II - OTHER INFORMATION

Item 6.           Exhibits and Reports on Form 8-K.

(a)      Exhibits

Exhibit No.                                 Description
-----------       ----------------------------------------------------

2.1                     Plan of Acquisition
                         (Incorporated by reference from Exhibit 2.1
                          of Form 8-K filed July 21, 2000).

3.1                     Articles of Incorporation
                          of Multinet International Corporation, Inc.
                         (Incorporated by reference from Exhibit 3.1
                          of Form 8-K filed October 27, 2000).

3.2                     Bylaws
                          of Multinet International Corporation, Inc.
                         (Incorporated by reference from Exhibit 3.2
                          of Form 8-K filed July 21, 2000).

27.1                    Financial Data Schedule
                          For period ending September 30, 2000.


(b)      Reports on Form 8-K

         The Company filed a report on Form 8-K on October 27, 2000 regarding
         expansion of the Company's business.




                                      -17-
<PAGE>



                                   SIGNATURES

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

                    Multinet International Corporation, Inc.
                   -----------------------------------------
                                  (Registrant)

Date:  November 7, 2000

/s/ GLEN BROW
    ---------
    GLEN BROW
    PRESIDENT

Date:  November 7, 2000

/s/ SHERRI HENDERSON
    ----------------
    SHERRI HENDERSON
    SECRETARY



                                      -18-
<PAGE>