SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


[X]  Quarterly  Report Under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934.

     For the quarterly period ended: March 31, 2003.

[ ]  Transition Report Under Section 13 or 15(d) of the Exchange Act.


                         Commission file number: 0-09358


                            SHOWINTEL NETWORKS, INC.
        (Exact name of small business issuer as specified in its charter)


           Nevada                                                88-0441388
(State or other jurisdiction                                    (IRS Employer
      of incorporation)                                      Identification No.)


554 Greentree Cove, Suite 102. Collierville, TN                     38017
(Address of principal executive offices)                          (Zip Code)


       Registrant's telephone number, including area code: (901)-854-3574


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 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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the last practicable date: 29,601,000
<PAGE>
--------------------------------------------------------------------------------
TABLE OF CONTENTS

Item                                                                        Page
----                                                                        ----

PART I - FINANCIAL STATEMENTS

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

2. Management's Discussion and Analysis or Plan of Operation................

3. Controls and Procedures..................................................

PART II - OTHER INFORMATION

1. Legal Proceedings........................................................

2. Changes in Securities and Use of Proceeds................................

3. Defaults Upon Senior Securities..........................................

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

5. Other Information........................................................

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

--------------------------------------------------------------------------------
<PAGE>
PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
                      CONDENSED CONSOLIDATED BALANCE SHEET
                                 MARCH 31, 2003
                                   (UNAUDITED)


                                     ASSETS

Current assets
  Cash                                                             $        268
  Accounts receivable                                                    62,424
  Interest receivable                                                     4,769
                                                                   ------------
     Total current assets                                                67,461

Fixed assets, net                                                       106,893

Goodwill                                                                 36,565
Note receivable                                                          86,500
                                                                   ------------

     Total assets                                                  $    297,419
                                                                   ============

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable and accrued expenses                            $    184,755
  Loan payable                                                           50,000
  Due to stockholder                                                     76,477
                                                                   ------------
     Total current liabilities                                          311,232

Total liabilities                                                       311,232

Commitments and contingencies                                                --

Stockholders' deficit
  Common stock - $.001 par value, 100,000,000 shares
    authorized, 29,601,000 shares issued and outstanding                 29,601
  Additional paid-in capital                                          2,800,028
  Prepaid expenses                                                      (22,999)
  Accumulated deficit                                                (2,820,443)
                                                                   ------------
     Total stockholders' deficit                                        (13,813)
                                                                   ------------

  Total liabilities and stockholders' deficit                      $    297,419
                                                                   ============

           See Accompanying Notes to Consolidated Financial Statements

                                        2
<PAGE>
                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                   For the Period
                                                For the three   For the three    From April 19, 2001
                                                Months ended     Months ended    (Inception) through
                                               March 31, 2003   March 31, 2002     March 31, 2003
                                               --------------   --------------     --------------
<S>                                             <C>              <C>                <C>
Revenue                                         $     45,325     $      1,420       $     78,192

Cost of revenue                                       13,995               --             38,126
                                                ------------     ------------       ------------

Gross profit                                          31,330            1,420             40,066

General and administrative expenses
  Consulting fees                                    120,339          818,493          2,218,063
  Depreciation                                         6,778            8,959             32,894
  Other general and administrative expenses           42,920          298,865            586,357
                                                ------------     ------------       ------------

    Total general and administrative expenses        170,037        1,126,317          2,837,314
                                                ------------     ------------       ------------

Loss from operations                                (138,707)      (1,124,897)        (2,797,248)

Other income (expense)
  Interest income                                         --               --              4,769
  Gain on sale of fixed asset                             --               --              1,123
  Interest expense                                    (1,305)              --            (29,087)
                                                ------------     ------------       ------------

Loss before provision for income taxes              (140,012)      (1,124,897)        (2,820,443)

Income tax provisions                                     --               --                 --
                                                ------------     ------------       ------------

Net loss                                        $   (140,012)    $ (1,124,897)      $ (2,820,443)
                                                ============     ============       ============

Basic and diluted loss per common share         $      (0.01)    $      (0.06)      $      (0.14)
                                                ============     ============       ============

Basic and diluted weighted average
  common shares outstanding                       29,100,357       19,341,107         20,635,317
                                                ============     ============       ============
</TABLE>

           See Accompanying Notes to Consolidated Financial Statements

                                        3
<PAGE>
                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                      Common stock
                              ---------------------------    Additional       Prepaid                          Total
                                 Number                       Paid-in        Consulting     Accumulated     Stockholders'
                               of Shares        Amount        capital         Services        Deficit          Equity
                              ------------   ------------   ------------    ------------    ------------    ------------
<S>                           <C>            <C>            <C>             <C>             <C>             <C>
Balance, December 31, 2002    $ 28,894,000   $     28,894   $  2,728,265    $    (35,018)   $ (2,680,431)   $     41,710

Common stock issued for
consulting services, $0.11         177,000            177         19,293              --              --          19,470

Common stock issued for
consulting services, $0.10         300,000            300         29,700              --              --          30,000

Common stock issued for
consulting services, $0.10         200,000            200         19,800              --              --          20,000

Common stock issued for
cash, $0.10                         30,000             30          2,970              --              --           3,000

Expensed portion of prepaid
consulting services                     --             --             --          12,019              --          12,019

Net loss                                --             --             --              --        (140,012)       (140,012)
                              ------------   ------------   ------------    ------------    ------------    ------------

                              $ 29,601,000   $     29,601   $  2,800,028    $    (22,999)   $ (2,820,443)   $    (13,813)
                              ============   ============   ============    ============    ============    ============
</TABLE>

           See Accompanying Notes to Consolidated Financial Statements

                                        4
<PAGE>
                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
                 CONDENsED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                          For the Period        For the Period
                                                       For the Year    From April 19, 2001   From April 19, 2001
                                                          Period       (Inception) through   (Inception) through
                                                      March 31, 2003      March 31, 2002        March 31, 2003
                                                      --------------      --------------        --------------
<S>                                                    <C>                 <C>                  <C>
Cash flows from operating activities:
  Net loss                                             $   (140,012)       $   (426,130)           (2,820,443)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
    Stock based compensation                                 81,489             344,988             1,905,102
    Depreciation                                              6,777               2,079                32,893
    Gain on sale of fixed assets                                 --                  --                (1,123)
  Changes in operating assets and liabilities:                                                             --
    Change in accounts receivable                           (43,124)                 --               (62,424)
    Change in interest receivable                                --                 (46)               (4,769)
    Change in prepaid expenses                                   --                  --                    --
    Change in deposit                                            --               2,827                    --
    Change in accounts payable and accrued expenses          31,096              31,317               179,625
    Change in due to stockholder                             14,862                  --               130,659
                                                       ------------        ------------          ------------
     Net cash used by operating activities                  (48,912)            (44,965)             (640,480)

Cash flows from investing activities:
  Loan made related to note receivable                           --             (25,000)              (66,500)
  Proceeds from sale of fixed assets                             --                  --                 3,950
  Purchase of fixed assets                                       --                  --              (141,548)
                                                       ------------        ------------          ------------
     Net cash used by investing activities                       --             (25,000)             (204,098)

Cash flows from financing activities:
  Advances from stockholder                                      --              69,965               250,061
  Proceeds from loan payable                                 44,060                  --               144,060
  Proceeds from issuance of common stock                      3,000                  --               450,725
                                                       ------------        ------------          ------------
     Net cash provided by financing activities               47,060              69,965               844,846
                                                       ------------        ------------          ------------

Net change in cash                                           (1,852)                 --                   268

Cash, beginning of period                                     2,120                  --                    --
                                                       ------------        ------------          ------------

Cash, end of period                                    $        268        $         --          $        268
                                                       ============        ============          ============
Supplementary cash flow information:
  Cash payments for income taxes                       $         --        $         --          $         --
                                                       ============        ============          ============
  Cash payments for interest                           $         --        $         --          $         --
                                                       ============        ============          ============

Non-cash financing activities:
  Prepaid portion of consulting agreement related
    to issuance of warrants for 1,000,000 shares
    of common stock                                    $         --        $    201,500          $    291,666
                                                       ============        ============          ============
  Issuance of 4,431,000 shares of common stock
    for the acquisition of Multinet International
    Corporation, Inc.                                  $         --        $         --          $      4,431
                                                       ============        ============          ============
  Prepaid portion of consulting agreement related
    to issuance of 760,000 shares of common stock      $         --        $         --          $    494,000
                                                       ============        ============          ============
  Prepaid portion of consulting agreement related
    to 600,000 shares of common stock given by
    President/shareholder to satisfy consulting
    agreement in excange for stock payable             $         --        $         --          $    535,950
                                                       ============        ============          ============
  Prepaid portion of consulting agreement related
    to issuance of 1,100,000 shares of common stock    $         --        $         --          $     85,000
                                                       ============        ============          ============
  Prepaid portion of consulting agreement related
    to issuance of warrants for 500,000 shares of
    common stock to consultant                         $         --        $         --          $     25,000
                                                       ============        ============          ============
  Issuance of 200,000 shares of common stock for
    promissory note receivable                         $         --        $         --          $     20,000
                                                       ============        ============          ============
  Issuance of 500,000 shares of common stock for
    acquisition of Uniguest                            $         --        $         --          $     32,500
                                                       ============        ============          ============
  Issuance of 600,000 shares of common stock in
    satisfaction of stock payable - related party      $         --        $         --          $    535,950
                                                       ============        ============          ============
  Issuance of 2,000,000 shares of common stock in
    satisfaction of due to stockholder                 $         --        $         --          $    323,303
                                                       ============        ============          ============
  Issuace of 600,000 shares of common stock in
    satisfaction of loan payable                       $         --        $         --          $     75,000
                                                       ============        ============          ============
</TABLE>

           See Accompanying Notes to Consolidated Financial Statements

                                        5
<PAGE>
                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

The  interim  consolidated  financial  statements  present  the  balance  sheet,
statements  of  operations,  stockholders'  equity and cash  flows of  Showintel
Networks,  Inc. and its subsidiary.  All significant  intercompany balances have
been eliminated in consolidation.

The interim consolidated  financial information is unaudited.  In the opinion of
management,  all adjustments  necessary to present fairly the financial position
as of March 31,  2003 and the  results of  operations  and cash flows  presented
herein have been  included in the  consolidated  financial  statements.  Interim
results are not  necessarily  indicative of results of  operations  for the full
year.

The  accompanying  consolidated  financial  statements  have  been  prepared  in
accordance  with  Securities and Exchange  Commission  requirements  for interim
financial statements.  Therefore, they do not include all of the information and
footnotes  required by accounting  principles  generally  accepted in the United
States for complete  financial  statements.  The financial  statements should be
read in conjunction with the Form 10-KSB for the year ended December 31, 2002 of
the Company.

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States  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.

In  October  2002,  the  Company  changed  its name from  Multinet  Intenational
Corporation, Inc. to Showintel Networks, Inc.

NOTE 2 - GOING CONCERN

The Company incurred a net loss of approximately  $2,820,400 for the period from
April 19, 2001 (Date of Inception) through March 31, 2003. The Company's current
liabilities exceed its current assets by approximately  $243,800 as of March 31,
2003. The Company's net cash used by operating activities  approximated $640,480
for the period from April 19, 2001 (Date of Inception  for  Showintel  Networks,
Inc.) through March 31, 2003. These factors create  substantial  doubt about the
Company's ability to continue as a going concern. The Company's management plans
to complete  the  development  of the  infrastructure  necessary  to deliver the
video-streaming  technology  in order  to  fully  commence  its  operations  and
therewith  generate  future  revenues.  The  Company  will also seek  additional
sources of capital through the issuance of debt and equity financing,  but there
can be no assurance  that the Company will be  successful in  accomplishing  its
objectives.

The  ability of the  Company to  continue  as a going  concern is  dependent  on
additional  sources  of  capital  and the  success of the  Company's  plan.  The
financial  statements do not include any adjustments  that might be necessary if
the Company is unable to continue as a going concern.

                                       6
<PAGE>
                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 3 - NOTE RECEIVABLE

On July 16, 2001, the Company entered into an agreement to loan a principal sum,
with a maximum of $500,000, to See/Saw  Communications,  Inc., in exchange for a
convertible  promissory  note,  which  is  convertible  to a  10-15%  membership
interest in the entity. The President of See/Saw Communications,  Inc. serves as
an  Advisory  Board  Member  for the  Company,  see  Note 8. The  percentage  of
membership interest would be determined by the exercise date based upon the loan
amount  outstanding,  with conversion  rights executed before February 22, 2003,
resulting up to a 10% interest and execution after the said date would result up
to a 15% interest. The note is due in yearly anniversary payments of interest at
8% per annum with the outstanding  principal due on August 22, 2006. As of March
31,  2003,  the  Company  loaned  $86,500 to this entity and  recorded  interest
receivable of $4,769.

NOTE 4 - DUE TO STOCKHOLDER

Due to  stockholder  totaling  $57,417  as of March 31,  2003  consisted  of the
following:

     Unreimbursed expenses to the Company's
        President and majority stockholder                       $   15,417

     Loan from the Company's President
        and majority stockholder                                     19,060

     Accrued wages for the Company's
     President and majority stockholder                              42,000
                                                                 ----------

                                                                 $   76,477
                                                                 ==========

NOTE 5 - LOAN PAYABLE

In February 2003, the Company  borrowed  funds from a company  totaling  $15,000
maturing February 2004, unsecured, and bearing a simple interest rate of 9%.

In March 2003, the Company  borrowed funds from an individual  totaling  $10,000
which is due on demand, unsecured, and bearing no interest.

During  September  2002, a company alleged it entered into a loan agreement with
the Company during February 2002 totaling  $54,000.  The Company is defending on
the basis the Company issued 89,000 shares of common stock in  consideration  of
this  balance.  The Company is  negotiating  this  balance and has  recognized a
liability of $25,000 as loan payable.

                                       7
<PAGE>
                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 6 - CONSULTING SERVICES

In  September  2002,  the Company  entered into a  consulting  agreement  with a
company  to  provide  investor  relations  for a  period  of  twelve  months  in
consideration  of 300,000  shares of the Company's  common stock and warrants to
purchase  200,000 shares of common stock with an weighted average exercise price
of $0.75. The Company has valued this transaction at $25,000 under SFAS No. 123.
The Company has issued both the common stocks and warrants as of March 31, 2003.
The Company has  recorded  expenses  for $6,250 for the three months ended March
31, 2003.  The remaining  amount of $11,459 has been included as part of prepaid
consulting  services  totaling $22,999 as of March 31, 2003 and will be expenses
over the remaining life of the agreement.

In  September  2002,  the Company  entered into a  consulting  agreement  with a
company to provide  consulting  and public  relations  for a period of  thirteen
months in  consideration  of 200,000  shares of the  Company's  common stock and
warrants to purchase  300,000  shares of common  stock with an weighted  average
exercise  price of $0.75.  The Company has valued  this  transaction  at $25,000
under SFAS No. 123.  The Company has issued both the common  stocks and warrants
as of March 31, 2003. The Company has recorded expenses for $5,769 for the three
months ended March 31, 2003.  The remaining  amount of $11,540 has been included
as part of prepaid consulting services totaling $22,999 as of March 31, 2003 and
will be expenses over the remaining life of the agreement.

NOTE 7 - COMMON STOCK

In February  2003,  the Company  issued  177,000  shares of its common stock for
services at $0.11 per share.

In February  2003,  the Company  issued  300,000  shares of its common stock for
services at $0.10 per share.

In March  2003,  the  Company  issued  200,000  shares of its  common  stock for
services at $0.10 per share.

In March 2003,  the Company issued 30,000 shares of its common stock for cash at
$0.10 per share.

                                       8
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

This report contains  forward-looking  statements  within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Actual results and events could differ materially from those projected,
anticipated,  or implicit, in the forward-looking  statements as a result of the
risk factors set forth below and elsewhere in this report. With the exception of
historical matters,  the matters discussed herein are forward looking statements
that involve risks and uncertainties.  Forward-looking  statements include,  but
are not limited to, the date of  introduction  or  completion  of our  products,
projections  concerning  operations  and available cash flow. Our actual results
could  differ  materially  from the results  discussed  in such  forward-looking
statements.  The following  discussion of our financial condition and results of
operations  should be read in conjunction with our financial  statements and the
related notes thereto appearing elsewhere herein.

THE COMPANY

Founded in February 2000 and  Incorporated  in April 2001,  Showintel  Networks,
Inc.  ("Showintel")  is  a  Nevada-domiciled,  Tennessee-based  publicly  traded
company  (SWNW.OB) that has developed a proprietary  digital  out-of-home  media
network.  The network is centrally  managed and is  applicable  over the growing
digital  signage  industry  in any  location  where a  message  needs  real time
display. The current core focus for Showintel is the theater industry.

Showintel  has developed a proprietary  system to distribute  advertisement  and
movie trailers via broadband  connection  for viewing in movie theater  lobbies.
The  Content  Management  System  ("CMS")  developed  by  Showintel  facilitates
advertising  and trailer  content to be transmitted in digital files,  replacing
the soon-to-be  antiquated  utilization of photographic  slides and/or VCR tape.
The primary  focus of  deployment  for  Showintel's  technology  is within movie
theaters.  In addition to other  display  methodology,  Showintel  has developed
interactive  public  access  terminal  (PAT)  kiosks that  create  complementary
opportunities for product impressions and/or sales while collecting  demographic
information that can be resold to the advertisers and other  interested  buyers.
Showintel has two types of clients, the theater venue or "location partner," and
the advertiser who wishes to reach the patrons that visit the location partner's
venues.

                                       9
<PAGE>
The Company has current or pending installations of its technology in over forty
theater  locations  across the country,  with ongoing  negotiations to secure an
additional  800  facilities.   Further,   Showintel  has  executed  co-marketing
agreements with strategic partners that augment its own sales and marketing team
and that enables the company to simultaneously penetrate additional theaters.

Showintel plans to generate  revenues by selling and marketing the advertisement
that is  displayed  on its  network.  The  advertising  is presented on multiple
flat-panel,  plasma  screens  installed by the company in theater  lobbies.  The
flat-panel  displays are typically  located above the concession  stands and the
exits to the theater lobbies.  These are considered to be the ideal locations to
attract the attention of theater  patrons who are entering and leaving the movie
theater.

MARKET FOR SHOWINTEL NETWORKS, INC. AND INDUSTRY CONDITIONS

According  to the  Motion  Picture  Association,  in  2002  the  theater  market
encompassed  6,050  separate  locations  in the United  States with 487 separate
owners.  There were 35,280  screens in these  locations,  of which only 124 were
equipped with digital projection.  Over $15 billion dollars was spent in 2002 on
advertising in the theater with most of the revenue  generated from on-screen ad
placement.  The lobby  presentation  of  advertising is in its infancy with less
than $50 million in total revenue in 2002.

Showintel   has  developed  a   proprietary   system  to  digitally   distribute
advertisement  and movie trailers via broadband  connection for viewing in movie
theater lobbies.  The Content  Management  System ("CMS") developed by Showintel
facilitates  advertising  and  trailer  content by the  transmission  of digital
files,  thus replacing the  soon-to-be  antiquated  methodology of  photographic
slides and/or VCR tape.

The Showintel  network  replaces the old loop technology that uses VCR tapes and
DVDs running in  continuous  loops.  Traditionally,  content  providers  such as
producers and  advertisers  must present their  materials to a production  house
30-60 days in advance of a showing.  The  content  must be  incorporated  into a
playlist  showing all the subject matter to be displayed  during a specific time
frame. Once the playlist is completed and the master file edited,  the master is
sent to a production house to be reproduced into VHS or DVD format and then sent
out to the various  businesses to be played on the house VCR or DVD player.  The
ability to replace this VCR loop tape system has made  Showintel  an  attractive
partner to strategic alliance partners Channel M and Cinema Screen Media.

Showintel  created the content  management  system  specifically  to deliver and
manage video content to individual or multiple  locations  simultaneously.  Each
remote location is managed separately from other locations.  This is proprietary
software created by Showintel for Showintel and is not available commercially to
other  parties.  Showintel  is  currently  upgrading  the  software and hardware
systems to  streamline  the  insertion  of  advertising  content from the source
providers  and manage  available  inventory on a  site-by-site  basis.  Upon the
successful deployment of the upgrade, Showintel intends to apply for a patent on
its content management system.

                                       10
<PAGE>
BUSINESS RISKS

AVAILABILITY OF CAPITAL

There are no  assurances  the Company will be  successful  in  establishing  its
system or penetrating the target markets.  Due to low cash reserves,  additional
funds are  required  within  the next few  months to  complete  installation  of
equipment  needs at the  sites  under  contract  in order  to  proceed  with the
company's  business plan. The Company  intends to raise funding  through various
financial  arrangements in debt or equity. There is no guarantee that additional
financing  will be  available  when  required,  or available at all, in order to
proceed  with the  business  plan.  If the Company is  unsuccessful  in securing
additional capital investments needed in order to continue with operations,  the
stockholders may lose their entire investment.

CHANGE IN TECHNOLOGY ENVIRONMENT AND ACCESS

The Company is utilizing existing technology for its operations. The Company has
developed  software and systems to compliment  existing  technology  and provide
flexibility  if existing  technology  changes.  There is no  assurance  that the
existing  technology  will perform in a standard  sufficient  for the Company to
maintain  competitiveness or be available at the time the company  anticipates a
need.

COMPETITION

The  Company  recognizes  that  delays  in  funding  have  created  a window  of
opportunity  for  potential  competitors  to  establish   relationships  in  the
industry. A continued delay in funding increases the likelihood that competitors
may increase  market share  sufficiently to diminish the capacity of the Company
to operate profitably.

LACK OF MARKET FOR MEDIA PLACEMENT

The Company has no assurance that the advertising opportunities for media buyers
will be accepted and contracted.  If advertising  revenue is not realized,  then
the Company may not be able to maintain  operations for sufficient time in order
that other revenue sources allow the Company to operate.

CONTROL BY OFFICERS AND DIRECTORS OVER AFFAIRS OF SHOWINTEL MAY OVERRIDE  WISHES
OF OTHER STOCKHOLDERS.

The  Company's   officer  and  director,   David  V.  Lott,   beneficially   own
approximately 50.39% of the outstanding shares of Showintel's common stock. As a
result,  Mr.  Lott has the ability to exercise  significant  influence  over all

                                       11
<PAGE>
matters requiring stockholder approval.  Accordingly,  it could be difficult for
investors to  effectuate  control over the affairs of Showintel.  Therefore,  it
should be assumed that David V. Lott, by virtue of his stock  holdings,  will be
able to control the affairs and policies of Showintel.

In addition,  all decisions  with respect to the management of Showintel will be
made  exclusively by David V. Lott.  Investors will only have rights  associated
with  stockholders  to  make  decisions  effecting  Showintel.  The  success  of
Showintel,  to a large  extent,  will depend on the quality of the directors and
officers of Showintel. Accordingly, no person should invest in the shares unless
he is willing  to entrust  all  aspects of  management  to David V. Lott and any
future officers and directors.

WE ARE A NEW COMPANY WITH NO OPERATING HISTORY.

Showintel  has had  limited  operations  since its  organization  and  remains a
"start-up" or "development stage" company. We have no history of operations with
which to  evaluate  our  business  experience.  Should  you  purchase  shares in
Showintel,  your  investment  is in a high risk venture with all the  unforeseen
costs, expenses, problems, and difficulties to which such ventures are subject.

LIMITATIONS  ON LIABILITY,  AND  INDEMNIFICATION,  OF DIRECTORS AND OFFICERS MAY
RESULT IN EXPENDITURES BY COMPANY.

The articles of incorporation of Showintel  provide that the personal  liability
of a director or officer of  Showintel  to  Showintel  or the  Shareholders  for
damages for breach of fiduciary  duty as a director or officer  shall be limited
to acts or omissions which involve  intentional  misconduct,  fraud or a knowing
violation of law. In addition,  the articles and the bylaws of Showintel provide
for  indemnification  of officers and directors of Showintel.  Also,  the Nevada
Revised  Statutes  provide  for  permissive   indemnification  of  officers  and
directors and Showintel may provide  indemnification under such provisions.  Any
limitation on the liability of any director,  or  indemnification  of directors,
officer,  or employees,  could result in substantial  expenditures being made by
Showintel in covering any liability of such persons or in indemnifying them.

POTENTIAL  CONFLICTS OF INTEREST MAY AFFECT ABILITY OF OFFICERS AND DIRECTORS TO
MAKE DECISIONS IN THE BEST INTERESTS OF COMPANY.

David  Lott may have  other  interests  to which he  devotes  his  time,  either
individually  or through  partnerships  and  corporations in which he has or may
have an interest,  hold an office,  or serve on boards of directors,  and he may
continue to do so notwithstanding the fact that management time may be necessary
to the  business of  Showintel.  As a result,  conflicts  of interest  may exist
between Showintel and David Lott which may not be susceptible to resolution.

In  addition,  conflicts  of  interest  may  arise  in  the  area  of  corporate
opportunities which cannot be resolved through arm's length negotiations. All of

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the potential  conflicts of interest  will be resolved only through  exercise of
David  Lott of such  judgment  as is  consistent  with his  fiduciary  duties to
Showintel.

NO  CUMULATIVE  VOTING MAY  AFFECT  ABILITY OF SOME  SHAREHOLDERS  TO  INFLUENCE
MANAGEMENT OF COMPANY.

Holders of the shares of common stock of Multinet are not entitled to accumulate
their votes for the election of directors or otherwise. Accordingly, the holders
of a majority of the shares present at a meeting of shareholders will be able to
elect all of the directors of Showintel,  and the minority shareholders will not
be able to elect a representative to Showintel's board of directors.

SALE OF SHARES ELIGIBLE FOR FUTURE SALE COULD ADVERSELY AFFECT THE MARKET PRICE.

All of the  approximate  15,207,000  shares of common stock which are  currently
held, directly or indirectly,  by management have been issued in reliance on the
private  placement  exemption under the Securities Act of 1933. Such shares will
not be  available  for sale in the open  market  without  separate  registration
except in reliance upon Rule 144 under the  Securities  Act of 1933. In general,
under  Rule 144 a person,  or  persons  whose  shares  are  aggregated,  who has
beneficially owned shares acquired in a non-public  transaction for at least one
year,  including persons who may be deemed affiliates of Showintel,  as defined,
would be entitled to sell within any three- month period a number of shares that
does not  exceed  the  greater  of 1% of the then  outstanding  shares of common
stock,  or the average weekly  reported  trading volume during the four calendar
weeks  preceding  such sale,  provided that current  public  information is then
available.  If a  substantial  number of the shares owned by these  shareholders
were sold  under Rule 144 or a  registered  offering,  the  market  price of the
common stock could be adversely affected.

COMPANY REQUIRES ADDITIONAL FUNDING IN ORDER TO BE SUCCESSFUL.

Showintel  needs a minimum of six hundred  thousand  dollars  ($600,000.00)  for
operations  in 2003.  The  amount  will  allow  the  Company  to meet  operating
expenses,  install up to twenty (20) sites per month,  and bring current account
payables.  Monthly  operating  costs are  estimated  at fifty  thousand  dollars
($50,000.00),  with  installation  per theater  ranging from two thousand to ten
thousand  dollars  ($2,000.00 - $10,000.00)  depending upon the  availability of
plasma screens in the theaters.  Growth for Showintel would be severely  limited
under a reduced  funding  arrangement  and  continuation  of  operations  may be
jeopardized.

NO ASSURANCES THAT WE WILL BE ABLE TO ESTABLISH OUR SYSTEM

There  are  no  assurances,   however,  that  we  will  ever  be  successful  in
establishing our System or penetrating our target markets.  Due to the company's
low cash reserves,  additional  funds are required within the next few months to

                                       13
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complete the  installation of equipment needs at the sites under contract and to
proceed with the company's  business  plan.  The Company  intends to raise other
funds through  various  financial  arrangements  including  debt or equity.  The
company is  negotiating  with a number of  sources  of  funding  to provide  for
equipment  expense and  operational  expenses.  There is no assurance  that such
additional  financing will be available  when required,  or available at all, in
order to proceed  with the  business  plan.  If the company is  unsuccessful  in
securing the additional capital investments needed to continue operations within
the time required,  the company will not be in a position to continue operations
and the stockholders may lose their entire investment.

Showintel has had limited  operations since its organization and is a "start-up"
or "development  stage" company. We have no history of operations you can use to
evaluate our business experience.

EMPLOYEES

As of March 31, 2003, the Company had two employees.

David V. Lott, President, has worked full-time since the company's founding.

The Company  hired John Fraier on a two month trial basis on March 15, 2003,  to
provide consulting services in regard to the Company's capitalization structure,
business model evaluation and development,  SEC compliance,  and human resources
development.  Mr.  Fraier was not  retained  after  completion  of the two month
contractual term due to financial  constraints  upon the Company.  Upon securing
additional operational financing,  the Company intends to re-hire Mr. Fraier, as
well as additional employees as needed by company operations.

On March 15,  2003,  the Company  terminated  Erik  Nelson from his  position as
Secretary.

RESULTS OF OPERATIONS

A.   RESULTS OF OPERATIONS:

     REVENUES

     Total  revenues from  operations  improved to $45,325  during first quarter
2003. The Company received initial funding from LaJolla Cove Investors, Inc., in
July of 2002. This infusion of capital allowed the Company to begin installation
of the Showintel  Network systems into sixteen  theaters.  The Company has since
the fourth quarter of 2002 completed installation into 48 theaters and continues
to seek additional  capital to provide for the completion of  installation  into
theaters  currently  under contract.  The Company,  together with its associates
Channel M, Cinema Screen Media,  and Pot-O-Gold  Productions,  has contracts for
approximately eight hundred sites.

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<PAGE>
     The Company  realized no interest  income in the first quarter of 2003. The
Company realized proceeds of $47,060 from various financing activities.

     EXPENSES

     Total expenses from  continuing  operations were $170,037 for first quarter
2003.  Expenses  for  consulting  fees  totaled  $120,339.  The  company  booked
depreciation  of  $6,778.  General  and  administrative  expenses  decreased  to
$42,920.  Large portions of the general expenses were related to the development
of the network  media  management  operations  of Showintel  Networks,  Inc. The
company  s  maintains  a tight  control  on  expenditures  that are not  capital
related.

     OPERATING LOSS

     On a pre-tax  basis,  the company  had a loss of  $140,012  for the quarter
ending March 31, 2003,  from continuing  operations.  Loss per common share from
continuing operations, basic and diluted, was $.01 per share.

B.   LIQUIDITY AND CAPITAL RESOURCES

     The Company has incurred  substantial  losses from  continuing  operations,
sustained substantial operating cash outflows, and has a working capital deficit
as of March 31, 2003.  Management  believes  such losses and negative  operating
cash flows will continue for the balance of the fiscal year 2003 unless adequate
capital funding is obtained. The above factors raise substantial doubt about the
Company's  ability to  continue  as a going  concern.  The  Company's  continued
existence is dependent on its ability to obtain  additional  equity  and/or debt
financing  to  fund  its  operations   and  ultimately  to  achieve   profitable
operations.  The Company continues to seek additional financing,  however, there
is no  assurance  the  Company  will  obtain  additional  financing  or  achieve
profitable operations or cash flow.

     Historically,  the Company has sustained its operations  primarily from the
use of  management's  personal  financial  resources.  The  Company  is  seeking
financing from public and private equity or debt offerings. The current state of
potential sources of funding is as follows:

     On January 21, 2003, the Company and Minataur  Productions,  Inc., known as
Channel M, entered into a master agreement  whereby the companies will co-market
advertising  and  networking in theater  lobbies under  contract with Channel M.
Channel M currently provides video content to over 400 theater sites nationwide.
The Company will provide  digital  media  management  services for  advertising,
trailers,  and other content to selected  Channel M sites.  Both  companies will
market for advertising revenue and will share revenues.

     On March 12,  2003,  the  Company  executed a private  placement  of 30,000
restricted shares at $.10 per share to an individual investor.

                                       15
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ITEM 3. CONTROLS AND PROCEDURES

     Based on the evaluation of the Company's disclosure controls and procedures
by David V. Lott,  the Company's  President,  as of a date within 90 days of the
filing date of this quarterly  report,  such officer has concluded the Company's
disclosure  controls and procedures  are effective in ensuring that  information
required to be disclosed by the Company in the reports it files or submits under
the  Securities  and Exchange Act of 1934, as amended,  is recorded,  processed,
summarized, and reported, within the time period specified by the Securities and
Exchange Commission's rules and forms.

     There were no significant  changes in the Company's internal controls or in
other factors that could  significantly  affect these controls subsequent to the
date of their  evaluation,  including  any  corrective  actions  with  regard to
significant deficiencies and material weaknesses.

                           ITEM II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

INTEL TRADEMARK LAWSUIT

     On January 15, 2003, the Company  entered into a settlement  agreement with
Intel  Corporation,  thereby resolving the lawsuit filed by Intel Corporation in
the U.S. District for the Northern District of Illinois, Eastern Division. Under
the terms of the settlement, the Company is to cease and refrain from use of the
name and mark "Showintel"  anywhere in the world and provide proof of compliance
to Intel  Corporation  by April 15,  2003.  The  Company  is in the  process  of
amending its corporate  charter and filing all necessary  forms and documents to
effectuate the change in corporate name. Intel  Corporation  filed a Stipulation
of Dismissal with the Clerk of the U.S. District Court for the Northern District
of Illinois,  Eastern  Division,  on February 26,  2003.  The Court  entered its
Stipulated Order of Dismissal Without Prejudice on March 10, 2003.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     On February  13, 2003,  177,000  shares were issued to Market  Pathways,  a
market  development  and  research  company,  pursuant  to  Section  4(2) of the
Securities  Act of 1933.  The shares were  issued for  services in the amount of
$15,000. The shares are restricted as to resale under Rule 144.

     On March 12, 2003,  30,000 shares were sold to Leslie Nelson for a total of
$3,000.  The shares were sold pursuant to Section 4(2) of the  Securities Act of
1933. The proceeds have been used for installation of equipment.  The shares are
restricted as to resale under Rule 144.

     On  March  2,  2003,   200,000   shares  were  issued  to  Erik  Nelson  in
consideration  for  consulting  services as defined by the  consulting  services
agreement  entered into by the Company and Mr.  Nelson on November 9, 2002.  The

                                       16
<PAGE>
shares were issued  pursuant to Section 4(2) of the  Securities Act of 1933. The
shares are restricted as to resale under Rule 144.

     On March 18,  2003,  the  Company  issued  warrants  for  80,000  shares of
restricted  common stock to La Calle  Investment  Group,  Inc., with an exercise
price of $.25 per share, to facilitate the private transfer of shares in lieu of
undue  pressure on the public  market,  at an  estimated  amount of $7,000.  The
warrants  were issued  pursuant to Section 4(2) of the  Securities  Act of 1933.
Shares  received by exercise of the warrants  would be  restricted  as to resale
under Rule 144.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

N/A

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

N/A

ITEM 5. OTHER INFORMATION

     On March 12,  2003,  the  Company  terminated  Holladay  Stock  Transfer as
transfer agent for the Company,  and  simultaneously  retained as transfer agent
First  American Stock  Transfer,  1717 E. Ball Road,  Suite 2, Phoenix,  Arizona
86502,.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8K

(a)  Exhibits

     10.1      Master Agreement between Minataur  Productions,  Inc. (Channel M)
               and Showintel Networks, Inc. dated January 21, 2002 (Incorporated
               by reference in Company's 10KSB filed on May 24, 2003).

     99.1      Certification of David V. Lott

(b)  Reports on Form 8-K

     None

                                       17
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                                   SIGNATURES

     In accordance  with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


Date: July 1, 2003                  Showintel Networks, Inc.


                                    By /s/ David V. Lott
                                       -----------------------------------------
                                       David V. Lott, Sole Officer and Director.

                                       18
<PAGE>
                                  CERTIFICATION
            PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
        (SUBSECTIONS (a) AND (b) OF SECTION 1350, CHAPTER 63 OF TITLE 18,
                               UNITED STATES CODE)

I, David V. Lott, certify that:

1. I have reviewed this quarterly  report on Form 10-QSB of Showintel  Networks,
Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial condition,  results of operations,  and cash flows of the
registrant as of, and for, the period presented in this quarterly report;

4. As the registrant's certifying officer, I am responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules
13a-14 and 15d-14) for the registrant and have:

a) designed  such  disclosure  controls and  procedures  to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others  within those  entities,  particularly  during the
period in which this quarterly report is being prepared;

b) evaluated  the  effectiveness  of the  registrant's  disclosure  controls and
procedures  as of a date  within  90  days  prior  to the  filing  date  of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report are conclusions about the effectiveness of
the  disclosure  controls  and  procedures  based  on my  evaluation  as of  the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the registrant's board
of directors (or persons performing the equivalent functions):

a) all significant  deficiencies in the design or operation of internal controls
which  could  adversely  affect the  registrant's  ability  to record,  process,
summarize and report  financial data and have  identified  for the  registrant's
auditors any material weaknesses in internal controls; and

b) any  fraud,  whether  or not  material,  that  involves  management  or other
employees who have a significant role in the registrant's internal controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
annual report whether there were significant  changes in internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of our most recent  evaluation,  including any corrective  actions with
regard to significant deficiencies and material weaknesses.

Date: July 1, 2003

/s/ David V. Lott
-----------------------------
David V. Lott
President