U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[x]      Quarterly Report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934

               For the quarterly period ended March 31, 2003
--------------------------------------------------------------------------------
[x]      Transition Report under Section 13 or 15(d)of the Exchange Act For the

         Transition Period from ________ to ___________
--------------------------------------------------------------------------------

                         Commission File Number: 0-30829
--------------------------------------------------------------------------------

                               Muller Media, Inc.
--------------------------------------------------------------------------------
                 (Name of small business issuer in its charter)

           Nevada                                             88-0430189
-------------------------------                           ------------------
(State or other jurisdiction of                             (IRS Employer
incorporation  or  organization)                          Identification No.)

  11 East 47th Street, Third Floor, New York, New York           10017
  ----------------------------------------------------         ----------
       (Address of principal executive offices)                (Zip Code)

                                 (212) 317-0175
                           ---------------------------
                           (Issuer's telephone number)

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

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act of 1934 during the past 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 [X]  No [ ]

             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                 PROCEEDING DURING THE PRECEDING FIVE YEARS

Check whether the Registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.
                                                         Yes [ ]  No [ ]

Common Stock, $0.001 par value per share, 20,000,000 shares authorized,
13,975,750 issued and outstanding as of September 30, 2002. Preferred Stock,
$0.001 par value per share, 5,000,000 shares authorized, no Preferred Stock
issued nor outstanding as of March 31, 2003.


Traditional Small Business Disclosure Format (check one) Yes [ ] No [X]
<PAGE>

To the Board of Directors
of Muller Media, Inc.
New York, New York

We have compiled the accompanying balance sheet of Muller Media, Inc. as of
March 31, 2003 and the related statements of operations and cash flows for the
three months then ended, in accordance with Statement on Standards for
Accounting and Review Services issued by the American Institute of Certified
Public Accountants.

A compilation is limited to presenting in the form of financial statements
information that is the representation of management. We have not audited or
reviewed the accompanying financial statements and, accordingly, do not express
any opinion or any other form of assurance on them.

The 2002 financial statements financial statements were audited by other
accountants. Those reports were dated April 3, 2003. They were not aware of any
material modifications that should be made to those statements in order for them
to be in conformity with United States 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 13 to the
financial statements the company's net loss for the three months ended March 31,
2003 was approximately $128,000. In addition, the Company, on May 15, 2003
received notification from its current sole supplier of motion pictures that it
intended to terminate its agreement with the Company within the next 30 days.
These issues raise substantial doubt about Muller Media, Inc.'s ability to
continue as a going concern unless management is successful in its endeavors to
negotiate equity investments, find another supplier(s) of motion pictures, and
reduce operating expenses so as to return to a positive cash flow position. The
financial statements do not include any adjustments that might result from the
outcome of these uncertainties. Management's plans concerning these matters are
also discussed in Note 13.

Manger & Company
Certified Public Accountants

New York, NY
May 19, 2003

<PAGE>


                               MULLER MEDIA, INC.
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                               March           December
                                                             31, 2003          31, 2002
                                                            -----------        ---------
                                                            (Unaudited)        (Audited)
<S>                                                         <C>               <C>
 ASSETS

 Current assets

      Cash and cash equivalents                             $    34,070       $   199,965
      Accounts receivable, net of allowance for
         doubtful accounts of $71,136 and
         $50,595 respectively                                 2,247,331         1,823,649

      Securities available for sale                                  --            38,262
      Prepaid expenses                                           31,771            37,400
                                                            -----------       -----------
         Total current assets                                 2,313,172         2,099,276
 Property and equipment, less accumulated
         depreciation and amortization                            2,703             2,973
 Accounts receivable, non-current                               991,892           514,363
 Goodwill                                                       210,000           210,000
 Security deposit                                                10,213            10,140
                                                            -----------       -----------

         Total Assets                                       $ 3,527,980       $ 2,836,752
                                                            ===========       ===========

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Current liabilities

     Accounts payable and accrued expenses                  $   447,628       $   403,810
     Due to producers                                           331,015           337,597
     Deferred revenue, current portion                        1,774,109         1,050,999
     Convertible note                                           225,000           225,000
                                                            -----------       -----------
         Total current liabilities                            2,777,752         2,017,406
Deferred revenue, non-current portion                           358,200           310,200
Accrued income taxes                                            299,000           299,000
                                                            -----------       -----------
         Total liabilities                                    3,434,952         2,626,606

Commitments and contingencies
Preferred stock, $0.001 par value; 5,000,000 shares
     authorized; no shares issued and outstanding                    --                --
Common stock, $0.02 par value; 5,000,000 shares
     authorized; 713,678 shares issued and outstanding           14,273            14,273
Additional paid-in capital                                    2,186,438         2,186,438
Accumulated deficit                                          (2,107,683)       (1,979,757)
Unrealized loss on marketable securities                             --           (10,808)
                                                            -----------       -----------
         Total stockholders' equity                              93,028           210,146
                                                            -----------       -----------
         Total Liaibilities and Stockholders's Equity       $ 3,527,980       $ 2,836,752
                                                            ===========       ===========
</TABLE>

See Accountants' Report and Notes to Financial statements


<PAGE>

                               MULLER MEDIA, INC.
                             STATEMENT OF OPERATIONS
                              FOR THE THREE MONTHS
                          ENDED MARCH 31, 2003 AND 2003


                                               March 31, 2003    March 31, 2002
                                               --------------    --------------

Revenue                                         $   916,857       $ 1,688,675
Cost of revenue - producers' fees                   589,718           921,733
                                                -----------       -----------
        Net revenue                                 327,139           766,942

Operating expenses:
     Selling, general and administrative            469,247           731,643
     Depreciation and amortization                      270               190
     Bad debt                                        20,541            35,533
                                                -----------       -----------
        Total operating expenses:                   490,058           767,366
                                                -----------       -----------

(Loss) from operations                             (162,919)             (424)

Other Income (expense):
     Interest income                                 51,786            37,750
     Interest expense                                (6,376)          (10,779)
     (Loss) on sale of investments                  (10,417)               --
                                                -----------       -----------
        Total other Income (expense)                 34,993            26,971

Net Income (loss) before income taxes              (127,926)           26,547

Income tax (provision) benefit                           --           (13,296)
                                                -----------       -----------

Net Income (loss)                               $  (127,926)      $    13,251
                                                ===========       ===========

Weighted average common shares outstanding
        Basic                                       713,678           678,794
                                                ===========       ===========
        Diluted                                     713,678           778,691
                                                ===========       ===========

Net Income (loss) per common share
        Basic                                   $     (0.18)      $      0.02
                                                ===========       ===========
        Diluted                                 $     (0.18)      $      0.02
                                                ===========       ===========

See Accountants' Report and Notes to Financial statements

<PAGE>

                               MULLER MEDIA, INC.
                             STATEMENT OF CASH FLOWS
                              FOR THE THREE MONTHS
                          ENDED MARCH 31, 2003 AND 2003

<TABLE>
<CAPTION>

                                                            March 31, 2003   March 31, 2002
                                                            --------------   --------------
<S>                                                          <C>               <C>
Operating Activities:
     Net (loss) income                                       $  (127,926)      $    13,251
        Adjustments to reconcile net income to net
           cash (used in) operating activities:
           Depreciation and amortization                             270               190
           Bad debt expense                                       20,541            35,533
           Unrealized loss on investments                         10,808                --
           Changes in operating assets and liabilities:
              Accounts receivable                               (921,752)       (1,614,857)
              Securities available for sale                       38,262                --
              Prepaid expenses                                     5,629           (93,755)
              Deferred charges                                   197,681
              Deferred tax asset                                  (7,007)
              Security deposit                                       (73)               --
              Accounts payable and accrued expenses               43,818            19,175
              Due to producers                                    (6,582)          300,999
              Accrued income taxes                                20,303
              Deferred revenue                                   771,110           741,700
                                                             -----------       -----------
Net cash (used in) operating activities                         (165,895)         (386,787)
                                                             -----------       -----------

Investing Activities:
     Increase in property and equipment                               --            (2,002)
     Advances to affiliated company                                   --           (43,942)
                                                             -----------       -----------
Net cash (used in) investing activities                               --           (45,944)
                                                             -----------       -----------

Financing Activities:
     Issuance of common stock                                         --           366,300
                                                             -----------       -----------
Net cash (used in) financing activities                               --           366,300
                                                             -----------       -----------

Net (decrease) in cash and cash equivalents                     (165,895)          (66,431)

Cash and cash equivalents - beginning of period                  199,965           952,906
                                                             -----------       -----------

Cash and cash equivalents - end of period                    $    34,070       $   886,475
                                                             ===========       ===========

Supplemental cash flow information:
     Interest paid                                                    --                --
                                                             ===========       ===========
     Income taxes paid                                       $     5,846                --
                                                             ===========       ===========
</TABLE>

See Accountants' Report and Notes to Financial statements

<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization
------------

Muller Media, Inc. was originally incorporated on February 1, 1982 in New York
and, on June 9, 1998, became a wholly owned subsidiary of DCI
Telecommunications, Inc. ("DCI") pursuant to a stock purchase agreement, through
which DCI acquired 100% of the outstanding stock of the Company in exchange for
1,200,000 shares of common stock of DCI.

Pursuant to the Agreement and Plan of Merger by, and among, Muller Media, Inc.
(the "Company" or "Muller"), Business Translation Services, Inc. (the "Seller"
or "BTS") and DCI Telecommunications, Inc. (the "Purchaser" or "DCI"), dated
November 12, 2001 and the Share Purchase Agreement between the Purchaser and the
Seller dated November 12, 2001, DCI purchased 10,000,000 shares ("Selling
Shares"), of BTS common stock, accounting for 82% of BTS' issued and outstanding
stock after the sale. As part of the cost of the merger, the Company also issued
an aggregate of 2,300,000 common stock purchase warrants, 1,200,000 warrants
have an exercise price of $0.125 and the remaining 1,100,000 warrants have an
exercise price of $0.025. All of the warrants are exercisable through November
12, 2006. Immediately after the execution and delivery of the agreement, DCI
caused Muller to merge with and into BTS. As a result of this transaction, DCI
acquired and exercised control over a majority of BTS' shares. Accordingly, for
accounting purposes, the transaction has been treated as a recapitalization of
Muller, and, therefore, the financial statements represent a continuation of the
accounting acquirer, Muller, not BTS, the legal acquirer:

     i)   Muller is deemed to be the purchaser and surviving company for
          accounting purposes. Accordingly, its net assets are included in the
          balance sheet at their historical book value.

     ii)  Control of the net assets and business of BTS was acquired effective
          November 12, 2001 (the "Effective Date"). BTS had no significant
          operations prior to the acquisition. At the Effective Date, BTS had
          net assets of approximately $80.

Effective with the merger, the Company changed its fiscal year end to December
31.

Nature of Operations
--------------------

The Company packages motion pictures and other entertainment events and
distributes them to the television and cable industry.


<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)

Use of Estimates
----------------

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and judgments that
affect the reported amounts of assets, liabilities, revenues and expenses and
related disclosures. On an ongoing basis, the Company evaluates its estimates
and judgments based on historical experience and various other factors that are
believed to be reasonable under the circumstances. Actual results may differ
from these estimates under different assumptions or conditions.

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

In accordance with SOP 00-2, revenue from the distribution of motion pictures
and other entertainment events is recorded when the material is available for
telecasting by the licensee and when other conditions are met. License
agreements for the telecast of motion pictures and other entertainment events
are routinely entered into in advance of their available date for telecast. Cash
received in connection with such contractual rights for which revenue is not yet
recognizable is classified as deferred revenue. Because deferred revenue
generally relates to contracts for the licensing of motion pictures and other
entertainment events which have already been produced, the recognition of
revenue for such completed products is principally only dependent upon the
commencement of the availability period for telecast under the terms of the
related licensing agreement.

The Company routinely advances participations to producers of motion pictures
and entertainment events. According to SOP 00-2, these costs are charged to
operations over their estimated revenue streams.

Cash and Cash Equivalents
-------------------------

The Company considers all highly liquid investments purchased with original
maturities of three months or less to be cash equivalents.

Concentration of Credit Risk
----------------------------

The Company places its cash in what it believes to be credit-worthy financial
institutions. However, cash balances may exceed FDIC insured levels at various
times during the year.

Accounts Receivable
-------------------

For financial reporting purposes, the Company utilizes the allowance method of
accounting for doubtful accounts. The Company performs ongoing credit
evaluations of its customers and, if required, maintains an allowance for
potential credit losses. The allowance is based on an experience factor and
review of current accounts receivable. Uncollectible accounts are written off
against the allowance accounts when deemed uncollectible.


<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)

Accounts receivable are recorded at a discount since license agreements consist
of payments made over a time period generally ranging between 18 and 36 months.
The discount rate used is reflective of the perceived risk of future cash flows.
The Company recognizes interest income as the contract period passes.

Property and Equipment
----------------------

Property and equipment are stated at cost. Depreciation is provided for in
amounts sufficient to relate the cost of depreciable assets to operations over
their estimated service lives, primarily on a straight-line basis.

Maintenance and repairs are charged to expense as incurred; additions and
betterments are capitalized. Upon retirement or sale, the cost and related
accumulated depreciation of the disposed assets are removed and any resulting
gain or loss is credited or charged to operations.

Fair Value of Financial Instruments
-----------------------------------

The Company's financial instruments consist of cash, accounts receivable,
marketable securities, deferred charges, advances to former parent, accounts
payable, deferred revenue, deferred income taxes and convertible note. The
carrying amounts of cash, accounts receivable, accounts payable, deferred
revenue, deferred income taxes and convertible note approximate fair value due
to the highly liquid nature of these short-term instruments at March 31, 2003.

Income Taxes
------------

Income taxes are accounted for in accordance with Statement of Financial
Accounting Standards ("SFAS") No. 109, "Accounting for Income Taxes." The
statement employs an asset and liability approach for financial accounting and
reporting of deferred income taxes. Generally, SFAS 109 allows for recognition
of deferred tax assets in the current period for the future benefit of net
operating loss carryforwards and items for which expenses have been recognized
for financial statement purposes but will be deductible in future periods. A
valuation allowance is recognized, if on the weight of the available evidence it
is more likely than not that some portion or all of the deferred tax assets will
not be realized.

Advertising Costs
-----------------

Advertising costs are charged to operations when incurred and are included in
selling, general and administrative expenses.

For the three months ended March 31, 2003, and for the three months ended March
31, 2002, advertising costs were negligible.


<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)

Income/Loss per Share Computation
---------------------------------

Income/loss per share is computed in accordance with Statement of Financial
Accounts Standards ("SFAS") No. 128, "Earnings Per Share." Basic earnings per
share is computed by dividing net income/loss by the weighted average number of
common shares outstanding. Diluted earnings per share includes the weighted
average number of common shares and common share equivalents during the period.
Dilutive common share equivalents consist of dilutive convertible securities
using the if-converted method.

Stock-Based Compensation
------------------------

The FASB's SFAS No. 123, "Accounting for Stock-Based Compensation" encourages,
but does not require, companies to record compensation cost for stock-based
employee compensation plans at fair value. The Company has chosen to account for
stock-based compensation using the intrinsic value method prescribed in
Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to
Employees," and related interpretations. Accordingly, compensation cost for
stock options is measured as the excess, if any, of the quoted market price of
the Company's stock at the date of the grant over the amount an employee must
pay to acquire the stock. During the periods present, the Company had no stock
options subject to the provisions of applicable accounting standards.

Investment In Equity Securities
-------------------------------

The Company accounts for its investments in equity securities under the
provisions of SFAS No. 115, "Accounting for Certain Investments in Debt and
Equity Securities". This standard provides that available-for-sale investments
in securities that have readily determinable fair values be measured at fair
value in the balance sheet and that unrealized holding gains and losses for
these investments be reported in a separate component of stockholders' equity
until realized.

New Accounting Standards
------------------------

The Financial Accounting Standards Board (FASB) issued several pronouncements
and interpretations and the Securities and Exchange Commission (SEC) issued
several Staff Accounting Bulletins (SAB). Certain of these pronouncements may
have future applicability.

In December 1999, the SEC issued SAB No. 101, "Revenue Recognition in Financial
Statements." SAB 101 summarizes certain areas of the SEC's views in applying
generally accepted accounting principles to revenue recognition in financial
statements. The Company believes that its current revenue recognition policies
comply with SAB 101.


<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)


In June 2001, the Financial Accounting Standards Board issued SFAS No. 141,
"Business Combination." SFAS 141 applies prospectively to all business
combination initiated after June 30, 2001 and to all business combinations
accounted for using the purchase method for which the date of acquisition is
July 1, 2001, or later. This statement requires all business combinations to be
accounted for using one method, the purchase method. The adoption of SFAS No.141
is not expected to have a significant impact on the Company's financial
statements.

In June 2001, FASB issued SFAS 142 "Goodwill and Other Intangible Assets."
SFAS142 requires that all goodwill and indefinite lived intangible assets,
including those acquired before initial application of SFAS 142, no longer be
amortized systematically but rather be tested for impairment at least annually.
SFAS 142 is effective for fiscal years beginning after December 15, 2001 and has
been adopted by the Company. Management reviews, on an annual basis, the
carrying value of goodwill in order to determine whether impairment has
occurred. Impairment is based on several factors including the Company's
projection of future undiscounted operating cash flows. If an impairment of the
carrying value were to be indicated by this review, the Company would adjust the
carrying value of goodwill to its estimated fair value.

In August 2001, the FASB issued SFAS No. 143, "Accounting for Asset Retirement
Obligations." The standard requires entities to record the fair value of the
liability for an asset retirement obligation in the period in which it is
incurred. When the liability is initially recorded, the entity capitalized a
cost by increasing the carrying amount of the related long-lived asset. Over
time, the liability is accreted to its present value each period, and the
capitalized cost is depreciated over the useful life of the related asset. Upon
settlement of the liability, an entity either settles the obligation for its
recorded amount or incurs a gain or loss upon settlement. The standard is
effective for fiscal years beginning after June 15, 2002. The adoption of SFAS
143 is not expected to have a material impact on the Company's financial
statements.

In October 2001, the FASB issued SFAS No. 144, "Accounting for the Impairment or
be Disposed Of" and the accounting and reporting provisions of Accounting
Principles Board Opinion No. 30, "Reporting the Results of Operations -
Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary,
Unusual and Infrequently Occurring Events and Transactions," for the disposal of
a "segment of a business" (as previously defined in the Opinion). SFAS No. 144
requires that long-lived assets be measured at the lower of carrying amount or
fair value less cost to sell, whether reported in continuing operations or in
discontinued operations. Therefore, discontinued operations will no longer be
measured at net realizable value or include amounts for operating losses that
have not yet occurred. SFAS No. 144 also broadens the reporting of discontinued
operations to include all components of an entity with operations that can be
distinguished from the rest of the entity and that will be eliminated from the
ongoing operations of the entity in a disposal transaction. The provisions of
SFAS No. 144 are effective for financial statements issued for fiscal years
beginning after December 15, 2001. The adoption of SFAS 144 is expected to have
a material impact on the Company's financial statements.

<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)


In April 2002, the Financial Accounting Standards Board (FASB) issued Statement
of Financial Accounting Standards (SFAS) No. 145, "Rescission of FASB Statements
No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical
Corrections." SFAS No. 145 rescinds Statement No. 4, which required gains and
losses from extinguishments of debt to be classified as an extraordinary item,
net of tax. SFAS 145, when adopted, will require applying the criteria of
Accounting Principles Board Opinion No. 30, "Reporting the Results of Operations
- Reporting the Effects of Disposal of a Segment of a Business and
Extraordinary, Unusual and Infrequently Occurring Events and Transactions" in
determining how to classify gains and/or losses resulting from extinguishments
of debt. The effective date of adoption of SFAS No. 145 is for fiscal years
beginning after May 15, 2002. The Company does not expect the adoption of SFAS
No. 145 to have a material effect on its financial position or results of
operations.

In July 2002, FASB issued SFAS No. 146, "Accounting for Costs associated With
Exit or Disposal Activities." This Statement requires the recognition of costs
related to exit or disposal activities at the time they are incurred, rather
than the previously accepted method of recognition of costs related to exit or
disposal activities at the time they are incurred, rather than the previously
accepted method of recognizing such costs at the commitment date of such
activities. SFAS 146 is effective for such activities entered into or modified
after December 31, 2002. The provisions of this statement for assets held for
sale or other disposal generally are required to be applied prospectively after
the adoption date to newly initiated disposal activities and therefore, will
depend on future actions initiated by management. As a result, the Company
cannot determine the potential effects that adoption of SFAS 146 will have on
the financial statements with respect to future disposal decisions, if any.

In December 2002, FASB issued SFAS No. 148, "Accounting for Stock Based
Compensation - Transition and Disclosure," which amended Statement No. 123
"Accounting for Stock Based Compensation." SFAS No. 148 provides for the use of
alternative methods of transition for a voluntary change to the fair value based
method of accounting for stock based compensation. It also amends the disclosure
requirements of Statement No. 123 to require prominent disclosure of the
Company's method of accounting for such compensation and the effect of the
method used on reported results in annual and interim financial statements. SFAS
No. 148 is effective for annual periods ending after December 15, 2002 and
interim periods beginning after December 15, 2002. The Company does not expect
the adoption of SFAS No. 148 to have a material effect on its financial position
or results of operations.


<PAGE>


                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                  (Continued)


NOTE 2 - MARKETABLE SECURITIES

At March 31, 2003 and December 31, 2002 marketable securities classified as
available-for-sale are comprised as follows:

Common Stock
------------
                                                      March          December
                                                    31, 2003         31, 2002

     Marketable securities, at cost                  $    --         $38,262
     Marketable securities, at Fair Value                 --          27,454
                                                     -------         -------
                                                     $     -         $10,808
                                                     =======         =======

The marketable securities were sold in March 2003.


NOTE 3 - ADVANCES TO DCI TELECOMMUNICATIONS, INC.

Advances to affiliated company consist of the following:


          Advances                                  $ 1,670,268
          Tax credit due to affiliated company         (457,357)
                                                    -----------
                                                      1,212,911
          Less: impairment                           (1,212,911)
                                                    -----------
                                                    $        --
                                                    ===========

On February 26, 2003, DCI Telecommunications, Inc. filed a Chapter 7 petition in
the United States Bankruptcy Court. As a result, the entire balance due was
deemed to be uncollectible, and therefore, written off at December 31, 2002.

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

                                             March        December
                                            31, 2003      31, 2002

     Furniture, fixtures and equipment      $ 80,725      $ 80,725
     Auto                                     30,891        30,891
                                            --------      --------
                                             111,616       111,616
     Less:  accumulated depreciation         108,913       108,643
                                            --------      --------
     Property and equipment (net)           $  2,703      $  2,973
                                            ========      ========

<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)


NOTE 5 - GOODWILL

               Goodwill                              $ 1,634,436
               Less:  accumulated amortization           290,556
                                                     -----------
               Balance at December 31, 2001            1,343,880
               Less: impairment                       (1,133,880)
                                                     -----------
               Balance at December 31, 2002 and
                March 31, 2003                       $   210,000
                                                     ===========

The goodwill arises from the acquisition of Muller Media, Inc. by DCI, the
former parent company of Muller Media, Inc. The acquisition was accounted for as
a purchase, effective June 9, 1998, upon the last payment by DCI. Cost in access
of net assets acquired was recorded on Muller's books at $1,634,436 and is being
amortized over 20 years. Amortization expense for the nine months ended December
31, 2001 was $61,291.

In accordance with SFAS No. 142, "Goodwill and Other Intangible Assets," the
Company will not amortize goodwill, but will instead evaluate it for impairment
on a periodic basis. As of December 31, 2002, the Company's management had
determined that an impairment had occurred. Accordingly, the Company valued its
goodwill using the market value method.

NOTE 6 - CONVERTIBLE NOTE

In connection with the merger with and into BTS, the Company issued a $300,000
convertible note for cash proceeds equal to the face amount. The note bears
interest at 10% per year and is payable in three installments with interest,
$75,000 on April 20, 2002, $100,000 on July 31, 2002 and $125,000 on October 31,
2002. The note is convertible, at any time, at the option of the holder. The
conversion price is $0.50 per share, subject to adjustment for stock splits,
stock dividends, recapitalization, etc. If the Company defaults in the payment
of principal or interest when due, and such default is not cured within five
calendar days following notice, then the Company shall issue to the holder,
within five calendar days after demand, two million shares of Common Stock of
the Company and the conversion price will be reduced by 50%.

The holder must convert the payments due April 30, 2002 and July 31, 2002 into
shares of common stock of the Company at the conversion price then in effect
provided the holder has, prior to April 30, 2002, sold shares of the Company's
common stock to net at least $250,000, and provided further that at the date of
such conversion the Company is not in default of any of the terms and conditions
of this Note or of any security agreement or other agreement executed in
connection with the Note. The exercise of any warrants of other convertible
instruments will not of itself contribute in any way to the net $250,000
referenced above, but any subsequent sale of common shares obtained as a result
of such conversion or exercise will be applied towards the $250,000.


<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)



The Company has attributed $300,000 to the beneficial conversion feature of the
note and this amount has been reported as financing expense in the income
statement for the nine months ended December 31, 2001.

In September 2002, the note holder filed a complaint against the Company
alleging that the Company is in breach of the note due to nonpayment. The
Company has asserted a counterclaim against the plaintiff based on
irregularities with the merger described above. The plaintiff is seeking damages
representing the unpaid principal balance of the note plus interest accrued. The
Company's legal counsel believes that the Company will be able to assert
meritorious defenses to this action and believes the action can be settled for
less than the damages claimed.


NOTE 7 - DEFINED BENEFIT PLAN

The Company's defined benefit plan was terminated, effective November 30, 2001,
and the plan assets were distributed to the participants as of December 31,
2001. There were no contributions due in 2002 or 2003.


NOTE 8 - COMMITMENTS AND CONTINGENCIES

Operating Leases
----------------

The Company leases office space under a non-cancelable operating lease expiring
on June 30, 2004. Minimum future lease commitments under this lease are as
follows:

            Year                   Amount
            ----                   ------
         March 31, 2004           $ 73,323
         March 31, 2005             18,459
                                  --------
                                  $ 91,782
                                  ========

Employment Agreements
---------------------

The Company has entered into employment agreements as follows:

     a)   Two five-year agreements, each providing for an annual salary of
          $125,000, expiring November 2006.

     b)   A three-year agreement, providing for an annual salary of $275,000,
          expiring June 2004.

     c)   A one-year agreement providing for an annual salary of $104,000,
          expiring December, 2003.

<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)



NOTE 9 - CAPITAL STOCK

     a)   The Company is authorized to issue 5,000,000 shares of $.001 par value
          Preferred Stock, none of which were outstanding at March 31, 2003.

     b)   On November 12, 2001, BTS issued 10,000,000 shares (pre-stock split of
          20:1) of $.001 par value common stock for all the shares of Muller.
          Before the transaction, there were 2,200,750 shares of BTS
          outstanding. After the transaction, the ownership of BTS was as
          follows:

                  Original shareholders            2,200,750           18%
                  DCI Telecomunications, Inc.     10,000,000           82%
                                                  ----------           --
                                                  12,200,750          100%
                                                  ==========          ===

          As of March 31, 2003, DCI Telecommunications, Inc. owned approximately
          70% of the Company's outstanding common shares.

          Because the parent of Muller obtained control of BTS, the transaction
          would normally be considered a purchase by Muller. However, since BTS
          is not a business, the transaction is accounted for as a
          recapitalization of Muller and the issuance of stock by Muller
          represented by the outstanding shares of BTS) for the assets and
          liabilities of BTS. The value of the net assets is the same as their
          historical book value.

     c)   On November 12, 2001, the Company issued 975,000 shares (pre-stock
          split of 20:1) of $0.001 par value common stock in consideration for
          services rendered in connection with the merger. These shares have
          been valued at this fair value of $117,550 and recorded as a cost of
          the merger and charged to additional paid-in capital.

     d)   On December 19, 2002, the Company effected a 1 for 20 reverse common
          stock split. At that time, the outstanding shares decreased from
          14,272,750 to 713,642 and the par value increased from $.001 to $.02.

     e)   On December 30, 2002, the Company's Articles of Incorporation were
          amended to increase the authorized shares of common stock to
          500,000,000 from 20,000,000.


<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)



NOTE 10 - WARRANTS

As part of the cost of the merger described in Note 1, the Company also issued
an aggregate of 115,000 (post-stock split) common stock purchase warrants,
60,000 (post-stock split) warrants have an exercise price of $2.50 (post-stock
split) and the remaining 55,000 (post-stock split) warrants have an exercise
price of $0.50 (post-stock split). All of the warrants are exercisable through
November 12, 2006. In April 2002, 297,000 warrants were exercised at an exercise
price of $.025.


NOTE 11 - INCOME TAXES

The Company's former parent filed a consolidated return which includes the
Company's operating results. The income tax provision below is calculated on a
company stand -alone basis.

The components of the provision for income taxes are as follows:

                                               Three            Three
                                              Months           Months
                                               Ended            Ended
                                             March 31,        March 31,
                                               2003             2002
                                               ----             ----

         Current tax (benefit) expense
            Federal                          $ (28,000)         $ 10,312
            State and Local                    (14,000)            2,984
                                             ---------          --------
                         Total current         (42,000)           13,296

         Deferred tax expense
            Federal                                 --                --
            State and Local                         --                --
                                             ---------          --------
                         Total deferred             --                --
                                             ---------          --------

         Total tax (benefit) provision       $ (42,000)          $13,296
                                             =========          --------

<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)


A reconciliation between the federal statutory tax rate and the effective income
tax rate is as follows:

               Statutory federl income tax rate      22%      34%
               Non-deductible expenses                5%
               State and local income taxes,
                net of federal taxes                 11%      11%
                                                     ---      ---
               Effective income tax rate             33%      50%
                                                     ===      ===

The Company's deferred tax asset approximates $1,390,000 and its value is
reduced by $1,390,000 as there is no assurance that sufficient profits will be
available to utilize the deferred tax asset.

NOTE 12 - ECONOMIC DEPENDENCY

The Company counts among its customers various broadcast and network television
stations in several markets throughout the country. Its top three customers
accounted for approximately 76% of its license agreements executed in 2003,
while one customer accounted approximately 36% of license agreements executed.


NOTE 13 - COMMITMENTS AND CONTINGENCIES

In addition to the legal action described in Note 6, the Company is party to the
following lawsuits:

     a)   On April 26, 2002, Sherman LLC initiated a lawsuit styled Sherman LLC
          v. DCI Telecommunications and Muller Media, Inc., in the United States
          District Court for the Southern District of New York under docket
          number 02 Civ. 3258 (BSJ). On May 8, 2002, the Company entered into a
          stipulation in which it agreed to a preliminary injunction, pursuant
          to which the Company is enjoined from making or permitting to be made
          any transfer, sale, distribution, pledge or other disposition of any
          Company stock owned or controlled by DCI, and from causing any
          transfer, sale, distribution pledge or other disposition of any
          Company assets except to the extent necessary to conduct the ordinary
          course of business of the Company.

     b)   On February 6, 2003, Sherman LLC brought an additional action in the
          United States District Court for the Southern District of New York,
          under docket number 03 Civ. 855 (LBS), against the Company and DCI.
          Joseph Murphy, Clifford Postelnik, and John Adams were also named as
          defendants. The complaint in that action alleges various causes of
          action against the Company and the individual defendants for
          fraudulent conveyance and aiding and abetting breaches of fiduciary
          duty. The plaintiff also sought an injunction, preventing the Company
          from implementing its "2003 Directors, Officers and Consultants -
          Stock Options, Stock Warrants and Stock Award Plan."

<PAGE>

                               MULLER MEDIA, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2003
                                   (Continued)


     c)   Going concern Issue

          On February 26th, 2003 DCI Telecommunications, Inc. filed a Chapter 7
          bankruptcy. The effect on Muller Media Inc. was to reduce assets by
          approximately $1.2 million dollars as there is no possibility of the
          loans advanced to DCI by the company being repaid. Muller Media Inc,
          has been running on a negative cash flow as revenue from sales has not
          kept pace with operating expenses.

          Muller Media Inc.'s directors are in the process of negotiating equity
          investment with third parties so as to assure the survival of the
          Company. Measures are being implemented to reduce expenses and certain
          executive compensation is being deferred and accrued for future
          payment should the company be successful in obtaining the investment
          funds it requires or until such time as sales and revenues return the
          company to a positive cash flow basis.

<PAGE>

                                  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:  May 20, 2003                  Muller Media, Inc.

                                     /s/ John J. Adams
                                     ---------------------
                                     Chairman of the Board


         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:  May 20, 2003                  Muller Media, Inc.

                                     /s/ Clifford Postelnik
                                     -------------------------------
                                     Chief Executive Officer