SECURITIES AND EXCHANGE COMMISSION
				                    Washington, DC 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 30th, 2000

                     Commission File No.: 000-29107

               MULTINET INTERNATIONAL CORPORATION, INC
        (Exact name of registrant as it appears in its charter)

         NEVADA                            	88-0441388
(State or jurisdiction of	             (I.R.S. Employer
Incorporation or organization)         	Identification No.)


8100 West Sahara Ave, Suite 200, Las Vegas, NV	        	89129
(Address of Principal Executive Office)	              (Zip Code)

Registrant's telephone number, including area code:	(702)-966-0600

Securities registered pursuant to Section 12 (b) of the Act:  None
Securities registered pursuant to Section 12 (b) of the Act:

Class A Common Stock $0.001 Par Value

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

At  the  end  of the quarter ending March 31, 2000 there were 2,431,000 issued
and outstanding shares of the registrants common stock.

There is no active market for the registrant's securities.

PART I.	FINANCIAL INFORMATION
Item 1.	FINANCIAL STATEMENTS

Attached.

Item 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
      		RESULTS OF OPERATION.


NOTE REGARDING PROFECTIONS AND FORWARD LOOKING STATEMENTS.

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

Plan of Operation-General

In June of this year, Multinet signed a letter of intent to merge with Nikky D.
Corporation,  an Arizona company that engages in the management of independent
service stations or repair shops connected with the auto industry.   A  formal
agreement was signed in July.


Multinet's  objective   is   to   become  a  leading  provider of Auto Station
Management to  Auto Service Stations, Auto Dealerships  and  any  other online
management   that  will  assist  in  the  economic  operation of these special
services  and  marketing  companies,  establishing  a  niche,  providing  high
quality  management. Creating high standards of  service  to  the  public  and
customer   involved  in  the  everyday service and at the same time developing
loyalty  in   the company service  and marketing  department.   The  Company's
strategy is   to  acquire  enough  management  contacts  where by it  will  be
economical   to  control  all inventories and sales through a central internet
accounting  system. Providing the Auto Service  and Auto Dealership operations
with an instant read out to their daily operations.

Currently,  Nikky D. has a contract with one automobile service station and is
looking to expand.  If additional income is necessary to continue the Company's
operations, management is in the position to extend  the  Company  a  line  of
credit. At the present, the Company has no commitment for capital expenditures.


PART II.	OTHER INFORMATION

Item 1.	Legal Proceedings.
None
Item 2.	Changes in Securities
None
Item 3.	Default Upon Senior Securities
None
Item 4.	Submission of matters To a Vote of Security Holders
None
Item 5.	Other Information.
None
Item 6.	Exhibits and Reports on Form 8-K

<TABLE>
<S>                              <C>
3.1                              Articles of Incorporation. Incorporated
                                 by Reference in form 10SB12G filing.

3.2                              By Laws. Incorporated by Reference in
                                 Form 10SB12G filing.
</TABLE>




SIGNATURES
Pursuant  to  the  requirements  of  the  Securities Exchange Act of 1934, the
registrant has duly caused this report to  be  signed  on  its  behalf  by the
undersigned thereunto duly authorized.

Multinet International Corporation, Inc.

Dated: August 21, 2000	By: /S/
                         Sherri Kresser, Secretary






MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL REPORTS
JUNE 30, 2000
DECEMBER 31, 1999
DECEMBER 31, 1998

MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
CONTENTS
<TABLE>
<S>         									                                        <C>
INDEPENDENT AUDITOR'S REPORT ON THE
FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . 1

FINANCIAL STATEMENTS
Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . 2

Statements of Income. . . . . . . . . . . . . . . . . . . . .3

Statements of Stockholders' Equity . . . . . . . . . . . . . 4

Statements of Cash Flows . . . . . . . . . . . . . . . . . . 5-6

Notes to Financial Statements . . . . . . . . . . . . . . . .7-9



Independent Auditor's Report

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

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

I conducted my audit in accordance with generally accepted auditing standards.
Those standards require that I plan and perform the audit to obtain reasonable
assurance  about  whether  the  financial  statements  are  free  of  material
misstatement.   An  audit  includes  examining,  on  a  test  basis,  evidence
supporting the  amounts and disclosures in the financial statements.  An audit
also  includes  assessing  the  accounting  principles  used  and  significant
estimated  made  by  management,  as  well as evaluating the overall financial
statement presentation.  I believe that   my audit provides a reasonable basis
for my opinion.

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

The  accompanying  financial  statements  have been prepared assuming that the
Company will continue as a going concern.  As  discussed  in  Note  4  to  the
financial statements, the Company has not  been  generating  revenue  and  has
suffered recurring losses from operations which raises substantial doubt about
its ability to continue as a going concern.  Managements'  plans  in regard to
these matters are also described in Note 4.  The financial  statements  do not
include any adjustments that might result from the outcome of this uncertainty.

/s/
Kyle L. Tingle
Certified Public Accountant

July 6, 2000



</TABLE>
<TABLE>
MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
June 30, 2000 and December 31, 1999 and 1998
<CAPTION>

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

ASSETS

CURRENT ASSETS

Cash                                  $3,681      $167            $1,650

Accounts receivable                   0           0               0
                                      --------    ---------       ----------
Total Current Assets                  $3,681      $167            $1,650
                                      ========    =========       ==========
Total assets                          $3,681      $167            $1,650
                                      ========    =========       ==========


LIABILITIES AND
STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable
and
Accrued Expenses (Note 3)             $650        $220            $220
                                      ---------   ----------      ----------
Total current liabilities             $650        $220            $220
                                      =========   ==========      ==========

STOCKHOLDERS' EQUITY

Common stock: $.001 par value;
authorized 25,000,000 shares;
issued and outstanding

2,425 shares at December 31, 1998;                                $2

2,425,500 shares at December 31, 1999;            $2,426

2,431,000 shares at June 30, 2000;    $2,431

Additional Paid in Capital            5,994       499             2,423

Accumulated deficit during
development stage                     (5,394)     (2,978)         (995)
                                      --------    --------        -------
Total Stockholders' equity            $3,031      $(53)           $1,430
                                      ========    ========        =======
Total Liability and
Stockholders' Equity                  $3,681      $167            $1,650
                                      ========    ========        =======
</TABLE>
See accompanying Notes to Financial Statements.



<TABLE>
MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF INCOME
Six months ended June 30, 2000
And Years ended December 31, 1999 and 1998
<CAPTION>


                                                        May 17, 1996
                                                        (inception) to
                            March 31,    March 31,      March 31,
                            2000         1999           2000
                            ---------    ---------      ---------------

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

Revenues (Note 4)           $0           $0             $0

Cost of revenue             0            0              0
                            ----         ----           ----
Gross profit                $0           $0             $0

Operating, general
and administrative
expenses                    816          188            3,794
                            -------      -------        -------
Operating (loss)            $(816)       $(188)         $(3,794)

Nooperating income
(expense)                   0            0              0
                            -------      -------        --------
Net (loss)                  $(816)       $(188)         $(3,794)
                            =======      =======        ========

Net (loss) per share
(Note 2)                    $(0.0003)    $(0.0775)      $(0.0096)
                            =========    =========      =========
Average Number of Shares
of Common Stock Outstanding 2,427,209    2,425          394,698
                            =========    ======         =======
</TABLE>
See accompanying Notes to Financial Statements.



 MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF STOCKHOLDERS EQUITY
Six months ended June 30, 2000
And Years ended December 31, 1999 and 1998

<TABLE>
See accompanying Notes to Financial Statements.



MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF STOCKHOLDERS' EQUITY
Six months ended June 30, 2000
And Years ended December 31, 1999 and 1998
<CAPTION>


                                                            Accumulated
                                                            (Deficit)
                                               Additional   During
                              Common Stock     Paid in      Development
                            Shares    Amount   Capital      Stage
                            ------    ------   ----------   -----------
<S>                         <C>       <C>      <C>          <C>
Sale of 2,000 shares
May 17, 1996                2,000     $2       $1,998       $0

Net (Loss)
December 31, 1996                                           (280)
                            ------    ----     -------      -----
Balance at
December 31, 1996           2,000     $2       $1,998       $(280)

Net (Loss),
December 31, 1997                                           $(85)
                            ------    ----     -------      ------
Balance at
December 31, 1997           2,000     $2       $1,998       $(365)

Director Compensation       425       0        425

Net (Loss)
December 31, 1998                                           (630)
                            ------    ----     --------     --------
Balance at
December 31, 1998           2,425     $2       $2,423       $(995)

August 15, 1999
thousand for one
stock split                 2,422,575  2,423  (2,423)

Sale of stock
December 31, 1999           500       1       499

Net (Loss)
December 31, 1999                                           (1,983)
                            -----     ------  ----------    ----------
Balance at
December 31, 1999           2,422,575 2,426   $499          $(2,978)

Sale of stock
March 9, 2000               500       0       500

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

Net (Loss)
June 30, 2000                                               (2,416)
                            -------   ------  ------------  ------------
Balance at June 30, 2000    2,431,000 $2,431  $5,994        $(5,394)
</TABLE>
See accompanying Notes to Financial Statements.


<TABLE>
MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
Six months ended June 30, 2000
And Years ended December 31, 1999 and 1998
<CAPTION>


                                                                May 17, 1996
                                                                (inception) to
                      June 30,     December 31,    December 31, June 30,
                      2000         1999            1998         2000
                      --------     ------------    ------------ ------------

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

Cash Flows From
Operating Activities

Cash received from
customers             $0           $0              $0           $0

Cash paid to
suppliers and
vendors               (1,986)      (1,983)         (350)        (4,319)
                      -------      -------         -------      --------
Net cash (used in)
operating activities  $(1,986)     $(1,983)        $(350)       $(4,319)
                      --------     --------        ------       --------


Cash Flows From
Investing Activities

Capital Expenditures  $0           $0               $0          $0

Issuance of
Common Stock          5,500        500              0           8,000
                      --------     ---------        -------     ----------


Cash Flows From
Financing Activities

Proceeds from
notes payable         $0           $0                $0          $0

Principal paymanets
on notes payable      0            0                 0           0
                      ---------    ----------        --------    ----------

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

Net increase
(decrease) in
cash and
cash equivalents      $3,514        $(1,483)         $(350)      $3,681

Cash and
Cash Equivalents at
beginning of year     167           1,650            2,000       0
                      -------       ---------        ---------   ----------

Cash and
Cash Equivalents at
end of year           $3,681        $167             $1,650      $3,681
                      ========      =========        ==========  ===========
</TABLE>
See accompanying Notes to Financial Statements.

<TABLE>
MULTINET INTERNATIONAL CORPORATION, INC
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
Three Months Ended March 31, 2000 and 1999
(Unaudited)
<CAPTION>

                                                                 May 17, 1996
                                                                (inception) to
                      June 30,      December 31,     December 31, June 30,
                      2000          1999             1998         2000
                      --------      ------------     -----------  -----------

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

Reconciliation of
Net Loss to Net Cash
(Used in)
Operating Activities  $(2,416)      $(1,983)         $(630)       $(5,394)

Net (Loss)

Adjustments to
reconcile net (loss)
to cash (used in)
operating activities

Director stock
compensation          0             0                425          425

Change in
assets and
liabilities

(Increase)
Decrease in
accounts receivable   0              0               0            0

Increase
(Decrease) in
accounts payable      430            0               (145)        650
                      --------       ----------      -------      ---------

Net cash (used in)
operating
activities            $(1,986)      $(1,983)         $(350)       $(4,319)
                      =========     ===========      =======      =========


Supplemental
schedule of non-
cash investing
and financing
activities

Issue Common Stock
to Directors          $0             $0              $425         $425
                      ==========     ==========      ========     =========
</TABLE>
See Accompanying Notes to Finanacial Statements.


MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
June 30, 2000 December 31, 1999 and 1998

Note 1. Nature of Business and Significant Accounting Policies

Nature of Business:

Multinet International Corporation, Inc. ("the Company") was organized May 17,
1996 under the laws of the State of Nevada.  The Company was formed to provide
experienced management  to  companies  through management to companies through
management contracts or through merger  or acquisition.  The Company currently
has no operations and, in accordance with  Statement  of  Financial Accounting
Standard  (SFAS)  No.  7,  "Accounting  and  Reporting  by  Development  Stage
Enterprises," is considered a development stage company.

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

Estimates

The preparation of financial  statements in conformity with generally accepted
accounting principles requires  management  to  make estimates and assumptions
that affect the reported amounts of assets and  liabilities  and disclosure of
contingent assets and liabilities at the date of the financial  statements and
the reported amounts of revenues and expenses  during  the  reporting  period.
Actual results could differ from those estimates.

Cash

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

Income Taxes

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


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


MULTINET INTERNATIONAL CORPORATION, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
June 30, 2000 December 31, 1999 and 1998

Note 2.  Stockholders' Equity

Common Stock

The authorized  common stock of the Company consists of 25,000,000 shares with
par value of $0.001.   On  May  17,  1996,  the  Company authorized and issued
2,000 shares for $2,000.  On May 15, 1998 the Company issued 425 shares, valued
at $1.00 per share to directors for services rendered.   On  August  15, 2000,
the Company's shareholders approved a thousand for  one  stock  split  of  the
existing shares.  In December 1999, the Company issued 500 shares at $1.00 per
share.  In March 2000,  the  Company issued  5,500  shares at $1.00 per share.

The Company has not authorized any preferred stock.

Net loss per common share

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

Basic  net  loss  per  common share is based on the weighted average number of
shares of common stock  outstanding  of  2,429,104 during 2000, 918,393 during
1999, 2,268 during 1998, and 517,823 since  inception.  As of June 30, 2000 and
December 31, 1999, and 1998, the Company had  no  dilutitive  potential common
shares.

Note 3.  Related Party Transactions

During  the  formation  and  development  of  the  Company,  Shogun ("Shogun")
Investment Group, Ltd. A related party through common ownership and management,
paid for certain filings and  expenses.    Included  in  accounts  payable and
accrued liabilities as of the end of June 30, 2000, December 31, 1999 and 1998,
the Company owed Shogun  $305,  $220, and $220, respectively, related to these
advances.  On June  15,  2000, the Company signed a definitive agreement to be
acquired by Multinet  International,  Inc. , a  Company related through common
ownership.

Note 4.  Going Concern

The Company's  financial  statements are prepared in accordance with generally
accepted accounting principles applicable to a going concern.  This contemplates
the realization  of  assets  and  the liquidation of liabilities in the normal
course of business.  Currently, the  Company has  no  operations  or source of
revenue.  On June 15, 2000, the  Company  signed  a  definitive  agreement  to
acquire Nikky D.  Corporation,  effective July 1, 2000.  Nikky D. Corporation,
through a management contract with a Company affiliated through common ownership
and management,  manages  a  convenience  store  in the Phoenix, Arizona area.
Revenues are provided for by a management agreement with the convenience store.
The business plan contemplates a private placement  or  merger  with  a larger
operating enterprise to increase its revenue base.  Without the realization of
additional capital through a merger of sale of securities, it would be unlikely
for the Company to continue as a going concern.