<PAGE>

                       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: June 30, 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.)



8000 Centerview Parkway, Cordova, TN                             38018
(Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code:            (901)-757-0195

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: 31,711,001


<PAGE>


--------------------------------------------------------------------------------
TABLE OF CONTENTS


Item                                                                       Page
-------                                                                   ------

PART I -FINANCIAL STATEMENTS

1.   Financial Statements ................................................   2

2.   Management's Discussion and Analysis or Plan of Operation ...........  10

3.   Controls and Procedures .............................................  16

PART II - OTHER INFORMATION

1.   Legal Proceedings ...................................................  17

2.   Changes in Securities and Use of Proceeds ...........................  17

3.   Defaults Upon Senior Securities .....................................  17

4.   Submission of Matters to a Vote of Security Holders .................  17

5.   Other Information ...................................................  18

6.   Exhibits and Reports on Form 8-K ....................................  18

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

<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS


                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEET
                                 JUNE 30, 2003
                                  (Unaudited)

                                   ASSETS

Current assets
   Cash                                                           $ 11,530
   Accounts receivable                                              51,001
   Interest receivable                                               4,769
                                                               ------------
      Total current assets                                          67,300

Fixed assets, net                                                  100,114

Note receivable                                                     86,500

Other asset                                                         36,565
                                                               ------------

   Total assets                                                  $ 290,479
                                                               ============



                   LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
   Accounts payable and accrued expenses                         $ 198,548
   Due to stockholder                                              198,349
   Loans payable                                                   110,000
                                                               ------------
      Total current liabilities                                    506,897

Total liabilities                                                  506,897

Commitments and contingencies                                           --

Stockholders' deficit
   Common stock - $.001 par value, 100,000,000 shares
      authorized, 31,711,000 shares issued and outstanding          31,711
   Additional paid-in capital                                    3,026,218
   Prepaid consulting services paid common stock and warrants      (10,980)
   Unamortized loan fees                                           (61,250)
   Accumulated deficit                                          (3,202,117)
                                                               ------------
      Total stockholders' deficit                                 (216,418)
                                                               ------------

   Total liabilities and stockholders' deficit                   $ 290,479
                                                               ============

                 See Accompanying Notes to Financial Statements


                                       2
<PAGE>


                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
                                  (Unaudited)

<TABLE>
<CAPTION>

                                                                                                                        For the
                                                                                                                      period from
                                                                                                                     April 19, 2001
                                                                                                                        (Date of
                                                   For the three months ended        For the six months ended           Inception)
                                                --------------------------------  --------------------------------       through
                                                 June 30, 2003    June 30, 2002    June 30, 2003    June 30, 2002     June 30, 2003
                                                ---------------  ---------------  ---------------  ---------------   ---------------
<S>                                                   <C>                  <C>          <C>                  <C>         <C>
Revenues                                            $   41,840       $       --       $   87,165       $       --     $    120,032

Cost of revenues                                        33,117               --           47,112               --           71,243
                                                ---------------  ---------------  ---------------  ---------------  ---------------

       Gross profit                                      8,723               --           40,053               --           48,789

General and administrative expenses
    Consulting fees                                     16,979          337,487          137,318          585,988        2,235,042
    Depreciation                                         6,778            2,516           13,556            2,079           39,672
    Other general and administrative expenses          364,450           43,703          407,370          215,647          950,807
                                                ---------------  ---------------  ---------------  ---------------  ---------------

       Total general and administrative expenses       388,207          383,706          558,244          803,714        3,225,521
                                                ---------------  ---------------  ---------------  ---------------  ---------------

Loss from operations                                  (379,484)        (383,706)        (518,191)        (803,714)      (3,176,732)

Other income (expense)
    Interest income                                        191              798              191               46            4,960
    Gain on sale of fixed assets                            --               --               --               --            1,123
    Interest expense                                    (2,381)              --           (3,686)              --          (31,468)
                                                ---------------  ---------------  ---------------  ---------------  ---------------

Loss before provision for income tax                  (381,674)        (382,908)        (521,686)        (803,668)      (3,202,117)

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

Net loss                                            $ (381,674)      $ (382,908)      $ (521,686)      $ (803,668)    $ (3,202,117)
                                                ===============  ===============  ===============  ===============  ===============

Basic and diluted loss per common share             $    (0.01)      $    (0.02)      $    (0.02)      $    (0.04)    $      (0.15)
                                                ===============  ===============  ===============  ===============  ===============

Basic and diluted weighted average
    common shares outstanding                       30,313,748       20,603,222       29,714,310       21,129,579       20,712,370
                                                ===============  ===============  ===============  ===============  ===============
</TABLE>

                 See Accompanying Notes to Financial Statements



                                       3
<PAGE>


                            SHOWINTEL NETWORKS, INC.
              (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY



<TABLE>
<CAPTION>
                                               Common stock
                                           --------------------                    Prepaid                               Total
                                             Number                 Additional    Consulting Unamortized  Accumulated  Stockholders'
                                            of Shares   Amount   Paid-in capital   Services   Loan Fees     Deficit       Equity
                                           ----------  --------  ---------------  ----------  ---------- ------------ ------------
<S>                                         <C>         <C>            <C>        <C>         <C>          <C>          <C>
Balance, April 19, 2001 (Date of                   --   $    --     $         --   $     --   $       --  $        --  $        --
  Inception of Showintel
  Networks, Inc.)

Common stock issued in April 2001 to       15,000,000    15,000          232,725         --           --           --      247,725
   a founder for cash, $0.0165
   per share

Common stock issued in April 2001 to        3,000,000     3,000           46,500         --           --           --       49,500
   a founder for services, $0.0165
   per share

Common stock issued in September 2001       2,431,000     2,431               --         --           --           --        2,431
  for the acquisition of Multinet
  International Corporation, Inc.,
  $.001 per share

Issuance of warrants in November 2001              --        --          350,000    (291,666)         --           --       58,334
  for 1,000,00 shares of common stock
  to a consultant with a weighted
  average exercise price of $1.00

Net loss                                           --        --               --         --           --     (698,767)    (698,767)
                                           ----------  --------  ---------------  ----------  ---------- ------------ ------------

Balance, December 31, 2001                 20,431,000    20,431          629,225    (291,666)         --     (698,767)    (340,777)

Common stock issued for prepaid               760,000       760          493,240    (494,000)         --           --           --
   consulting services, $0.65
   per share

600,000 shares of common stock given to            --        --               --    (535,950)         --           --     (535,950)
   various consultants by the
   President/stockholder
   to satisfy consulting agreements,
   valued at $0.65 per share in
   exchange for stock payable

Issuances of common stock to various        1,100,000     1,100           83,900     (85,000)         --           --           --
   consultants with a weighted average
   exercise price of $0.08 per share

Issuance of common stock for services         905,000       905          315,845          --          --           --       16,750

Issuenace of warrants for 500,000                  --        --           25,000     (25,000)         --           --           --
   shares of common stock to various
   consultants with a weighted
   average exercise price of $0.65

Expensed portion of prepaid consulting             --        --               --   1,396,598          --           --    1,396,598
  services

Issuance of common stock related to            10,000        10            4,990          --          --           --        5,000
   exercise of warrants at $0.50
   per share

Issuance of common stock for cash,            150,000       150           14,850          --          --           --       15,000
  $0.10 per

Issuance of common stock for cash,          2,000,000     2,000          178,000          --          --           --      180,000
   $0.10 per net of offering
   costs of $20,000

Issuance of common stock for                  200,000       200           19,800          --          --           --       20,000
   promissory note receivable,
   $0.10 per share

Issuance of common stock for                  500,000       500           32,000          --          --           --       32,500
   acquisition of Uniguest

Issuance of common stock in                   600,000       600          535,350          --          --           --      535,950
   satisfaction of stock
   payable - related party

Issuance of common stock in                 2,000,000     2,000          321,303          --          --           --      323,303
   satisfaction of due
   to stockholder

Issuance of common stock in                   600,000       600           74,400          --          --           --       75,000
   satisfaction of loan payable

Cancellation of common stock                 (362,000)     (362)             362          --          --           --           --

Net loss                                           --        --               --          --          --   (1,981,664)  (1,981,664)
                                           ----------  --------  ---------------  ----------  ---------- ------------ ------------

Balance, December 31, 2002                 28,894,000    28,894        2,728,265     (35,018)         --   (2,680,431)      41,710
</TABLE>

                 See Accompanying Notes to Financial Statements

                                       4
<PAGE>

                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
           CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (CONTINUED)


 <TABLE>
<CAPTION>
                                               Common stock
                                           --------------------                    Prepaid                               Total
                                             Number                 Additional    Consulting Unamortized  Accumulated  Stockholders'
                                            of Shares   Amount   Paid-in capital   Services   Loan Fees     Deficit       Equity
                                           ----------  --------  ---------------  ----------  ---------- ------------ ------------
<S>                                       <C>         <C>            <C>          <C>          <C>          <C>          <C>
Issuance of common stock for services,
  $0.10 per share                             177,000       177        19,293         --             --            --       19,470

Issuance of common stock for services,
  $0.10 per share                             300,000       300        29,700         --             --            --       30,000

Issuance of common stock for services,
  $0.10 per share                             200,000       200        19,800         --             --            --       20,000

Issuance of common stock for cash,
  $0.10 per share                              30,000        30         2,970         --             --            --        3,000

Issuance of common stock for reduction
  in due to  stockholder, $0.10 per share     580,000       580        57,420         --             --            --       58,000

Issuance of common stock for services,
  $0.11 per share                             880,000       880        95,920         --             --            --       96,800

Issuance of common stock related to
  loan fees, per share                       $650,000       650        57,850         --        (58,500)           --           --


Issuance of warrants for 300,000                   --        --        15,000         --        (15,000)           --           --
  shares of common stock
  related to loan fees

Expensed portion of prepaid consulting             --        --            --       24,038           --            --       24,038
  services

Current period amortization of                     --        --            --         --         12,250            --       12,250
  loan fees

Net loss                                           --        --            --         --           --        (521,686)    (521,686)
                                           ----------  --------  ---------------  ----------  ---------- ------------ ------------

 Balance, June 30, 2003 (Unaudited)        31,711,000  $ 31,711   $ 3,026,218     $(10,980)    $(61,250)  $(3,202,117)   $(216,418)
                                           ==========  ========  ===============  ==========  ========== ============ ============
</TABLE>

                 See Accompanying Notes to Financial Statements

                                       5
<PAGE>


                            SHOWINTEL NETWORKS, INC.
               (FORMERLY MULTINET INTERNATIONAL CORPORATION, INC.)
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENTS OF CASHFLOWS
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                                                 For the period from
                                                                For the six months ended         April 19, 2001 (Date
                                                            ----------------------------------  of Inception) through
                                                             June 30, 2003     June 30, 2002       June 30, 2003
                                                            ----------------  ----------------  ---------------------

Cash flows from operating activities:
<S>                                                              <C>               <C>                 <C>
   Net loss                                                      $ (521,686)       $ (803,668)         $ (3,202,117)
   Adjustments to reconcile net loss to
    net cash used by operating activities:
     Stock based compensation                                       260,558           809,131             2,084,171
     Depreciation                                                    13,556             2,079                39,672
     Gain on sale of fixed assets                                         -                 -                (1,123)
   Changes in operating assets and liabilities:
     Increase in accounts receivable                                (31,701)                -               (51,001)
     Increase in interest receivable                                      -              (844)               (4,769)
     Increase in prepaid expenses                                         -                 -                     -
     Increase in other assets                                             -                 -                     -
     Increase in accounts payable and accrued expenses               44,889            39,219               193,418
     Increase (decrease) in stocks payable to consunsultants              -          (109,156)                    -
                                                            ----------------  ----------------  --------------------

       Net cash used by operating activities                       (234,384)          (63,239)             (941,749)

Cash flows from investing activities:
   Loan related to note receivable                                        -           (25,000)              (66,500)
   Proceeds from sale of fixed assets                                     -                 -                 3,950
   Purchase of fixed assets                                               -            (4,872)             (141,548)
                                                            ----------------  ----------------  --------------------

       Net cash used by investing activities                              -           (29,872)             (204,098)

Cash flows from financing activities:
   Advances from stockholder                                        155,794            90,965               521,652
   Advance from loans                                                85,000                 -               185,000
   Proceeds from issuance of common stock                             3,000             5,000               450,725
                                                            ----------------  ----------------  --------------------

       Net cash provided by financing activities                    243,794            95,965             1,157,377
                                                            ----------------  ----------------  --------------------

Net change in cash                                                    9,410             2,854                11,530

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

Cash, end of period                                                $ 11,530           $ 2,854              $ 11,530
                                                            ================  ================  ====================
</TABLE>

                 See Accompanying Notes to Financial Statements

                                       6
<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 June 30,  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  $3,202,000 for the period from
April 19, 2001 (Date of Inception)  through June 30, 2003. The Company's current
liabilities  exceed its current assets by approximately  $340,000 as of June 30,
2003. The Company's net cash used by operating activities  approximated $942,000
for the period from April 19, 2001 (Date of Inception  for  Showintel  Networks,
Inc.) through June 30, 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.

                                       7
<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 June
30,  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  $247,083  as of June 30,  2003  consisted  of the
following:

     Unreimbursed expenses to the Company's
        President and majority stockholder           $        37,883

     Unreimbursed expenses to a stockholder                   16,800

     Loan from the Company's President
        and majority stockholder                              80,666

     Accrued wages for the Company's
     President and majority stockholder                       63,000
                                                     ---------------

                                                     $       198,349
                                                     ===============

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.

In June 2003, the borrowed funds from two individuals  totaling $60,000 maturing
September 18, 2003, unsecured,  and bearing interest at 12%.  Additionally,  the
Company  issued  650,000  shares of its common  stock and  warrants  for 300,000
shares of common stock.  The shares and warrants related to these borrowed funds
are deemed loan origination fees totaling $67,000.  The Company has recorded the
issuance  of stock and  warrants  totaling  $73,500,  of which  $12,250 has been
expensed as of June 30, 2003 and the  remaining  balance of $61,250  recorded as
unamortized loan fees at June 30, 2003.



                                       8
<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 June 30, 2003.
The  Company has  recorded  expenses of $6,250 and $12,500 for the three and six
months ended June 30, 2003. The remaining  amount of $5,209 has been included as
part of prepaid  consulting  services  totaling  $10,980 as of June 30, 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 June 30, 2003. The Company has recorded expenses of $5,769 and $11,538 for
the three and six months ended June 30, 2003. The remaining amount of $5,771 has
been included as part of prepaid consulting services totaling $10,980 as of June
30, 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.

In April  2003,  the  Company  issued  580,000  shares  of its  common  stock in
satisfaction of a $58,000 reduction of due to stockholder.

In June 2003,  the  Company  issued  880,000  shares of its common  stock to the
President and shareholder for services at $0.11 per share.



                                       9
<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.

Showintel has developed a proprietary  system to distribute  video content which
may include  advertisement  and movie  trailers  via  broadband  connection  for
viewing in public locations.  The Content Management System ("CMS") developed by
Showintel facilitates advertising and video content to be transmitted in digital
files,  replacing the soon-to-be antiquated  utilization of photographic slides,
VCR tape and DVDs. The primary focus of deployment for Showintel's technology is
within movie theaters, however, Showintel is actively seeking further deployment
in other  industries.  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  "location
partner,"  and the  advertiser  who wishes to reach the  patrons  that visit the
location partner's venues.



                                       10
<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 theater  facilities  and  numerous  retail  locations.  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  theater.  The  company  is also  pursuing
opportunities  to expand  into other  markets  via  acquisitions  of  synergetic
companies.

Showintel is generating revenues by selling and marketing the advertisement that
is  displayed on its network,  licensing  of its content  management  system and
sales of proprietary hardware.  Recent developments have provided  opportunities
for Showintel to market its proprietary hardware, network installations, network
operations and content  management as an  application  service  provider.  These
potential sales will not require capital outlays by Showintel.

Primary Market for Showintel Networks, Inc. and
Industry Conditions for Theater Installations
-----------------------------------------------

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.  While  Showintel  is focused on the theater  industry,
various opportunities have recently surfaced to allow a diversification into the
several other industries. Such diversification should stabilized the business.

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.


                                       11
<PAGE>




BUSINESS RISKS
--------------

Availability of Capital
-----------------------

While the content  management system is functional,  there are no assurances the
Company will be successful in 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  and  self  developed  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. The Company is addressing these matters by
negotiating  proprietary  development ventures with industry leaders in software
and hardware development for the digital signage industry.

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.  However,  the  company  is  addressing  the  potential
competition by negotiating with potential joint venture partners for proprietary
programming,  equipment and systems that promises to be the forefront efforts in
the industry.



                                       12
<PAGE>


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 53.33% of the outstanding shares of Showintel's common stock. As a
result,  Mr.  Lott has the ability to exercise  significant  influence  over all
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.

Showintel As A Company
----------------------

Showintel  has had  limited  operations  since its  organization,  however,  the
company is starting to realize  revenues from  operations.  The Company is still
considered  a  development  stage  company in that  significant  market share or
revenues  have not been  obtained as of this filing.  The revenue has grown on a
quarterly  basis and company  believes that cash flow will soon be sufficient to
handle the company  operations and growth  without  additional  outside  capital
infusion.


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.



                                       13
<PAGE>



In  addition,  conflicts  of  interest  may  arise  in  the  area  of  corporate
opportunities which cannot be resolved through arm's length negotiations. All of
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  Showintel  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  17,007,000  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.
-------------------------------------------------------------

The company is expecting to generate  sufficient  revenues to cover  operational
expenses in the short term, however, Showintel is seeking three hundred thousand
dollars  ($300,000.00) as a buffer for unexpected  operational  expenses and the
ability to address expansion  opportunities in 2003. 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.



                                       14
<PAGE>



Employees
---------

As of June 30, 2003, the Company had four 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.

The Company has hired three support  individuals in IT,  Operations and Finance.
Salaries are being accrued by agreement between the Company and the individuals.

As an effort to reduce corporate  operational expense, the Company, uses various
outside agencies for sales on a industry standard commission basis.



RESULTS OF OPERATIONS

A.   Results of Operations:

         Revenues
         --------

         Total  revenues  from  operations  improved  to $41,840  during  second
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 16 theaters and
continues to seek a line of credit to provide for the completion of installation
into  theaters  currently  under  contract.  The  Company,   together  with  its
associates, has contracts for approximately eight hundred theater sites.

         The  company  has  expanded  its  revenue  stream  sources  from solely
advertising sales to also include hardware sales, network  installations,  third
party content management and third party marketing. The company anticipates that
this inclusion of ASP services will  accelerate  the company  revenue growth and
penetration into various markets.

         During the second quarter  ending June 30, 2003,  the Company  realized
proceeds of $243,794 from various financing activities.



                                       15
<PAGE>


         Expenses
         --------

         Total  expenses from  continuing  operations  were $388,207  during the
second quarter 2003. The expensing of stock options and stock issuance accounted
for a significant  portion of this expense.  The company booked  depreciation of
$6,778.  The company  continues to maintain a tight control on expenditures that
are not capital related.

         Operating Loss
         --------------

         On a pre-tax basis,  the company had a loss of $381,674 for the quarter
ending June 30, 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 June 30, 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 Company continues to seek additional financing,
however,  there is no assurance the Company will obtain additional  financing or
achieve profitable operations or cash flow in the near future.

         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:

         In May and June  2003 the  company  arranged  stock  loans  from  three
individuals  totaling $75,000.  These loans are  collateralized  with restricted
stock of the company and bear interest. The Company intends to begin paying back
the loans in August 2003

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.



                                       16
<PAGE>


                           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 May 14,  2003,  Mr David Lott  acquired  a stock  loan with  Mammoth
Corporation  in the amount of $40,000  using  2,500,000  shares of his  personal
stock holdings as collateral.  The funds were used for legal and accounting fees
related to completion of the 2002 audit and 10K filing.

         On June 27, 2003, the Company  obtained  stock loans  totaling  $60,000
from two individuals.  The funds were used to purchase additional  equipment for
client  installations and operations.  The Company issued additional warrants to
the individuals  allowing them to convert the debt into shares of the company at
various  prices in the future.  The Company  issued 650,000 shares of restricted
stock as  consideration  for the loans and warrants to purchase  another 300,000
shares  of common  stock  which  have been  recorded  as loan  originating  fees
totaling $73,500.

         Pursuant to Board  Resolution  of March 15,  2003,  the Company  issued
580,000 shares to David V. Lott on April 16, 2003 and another  880,000 shares on
June 11, 2003 for services  rendered.  Mr. Lott has accepted no compensation and
has continually  financed the company since its inception out of personal funds.
The  Board  agreed to  additional  shares to Mr.  Lott in  consideration  of his
support of the company.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

N/A

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

N/A



                                       17
<PAGE>



ITEM 5.  OTHER INFORMATION

         In  preparation  of this  filing,  the  Company  learned of an improper
issuance of 1,025,000 shares of common stock bearing no restrictive  legend. The
issuance  was  requested  by Erik  Nelson on his behalf on June 24,  2003.  Erik
Nelson was  released as Corporate  Secretary  and Interim CFO on March 15, 2003.
The Company did not request  this  issuance  and had no knowledge of it prior to
the  quarterly  review of the  Company  shareholder  list.  The shares have been
cancelled and the brokerage  houses  possessing them have been notified of their
status and a demand  for their  return  has been  made.  The  Company is seeking
advice  as to the  course  of  action  the  company  must  take to  protect  the
legitimate shareholders of the company.



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K

(a)      Exhibits


99.1      Certification of David V. Lott


                                   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.

                     Showintel Networks, Inc.


                     By /s/ David V. Lott
                        -----------------------------------------
                        David V. Lott, Sole Officer and Director.
                        Date:  August 13, 2003


                                       18
<PAGE>


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: August 13, 2003

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



                                       19