SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(MARK ONE)

  X      Quarterly Report pursuant to Section 13 or 15(d) of the Securities
-----    Exchange Act of 1934

For the quarterly period ended May 31, 2003.

        Transition report pursuant to Section 13 or 15(d) of the Securities
----    Exchange Act of 1934

For the transition period from _______ to _______

Commission File No.     000-27225
                    ----------------

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

          Minnesota                                  41-1427445
-------------------------------------- -----------------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification No.)
incorporation or organization)



301 W Burnsville Parkway, Suite 201 Burnsville, Minnesota            55337
--------------------------------------------------------------------------------
(Address of principal executive offices)                           (ZIP Code)

Issuer's telephone number, including area code:           (952) 890-2362
                                                          --------------


--------------------------------------------------------------------------------
Former  name,  former  address and former  fiscal year,  if changed  since last
                                    report)

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

         The number of shares of the issuer's  Common Stock  outstanding at July
15, 2003 was 4,854,320 shares.



<PAGE>


                                  ENETPC, INC.

                                TABLE OF CONTENTS

                                                                       Page No.
                                                                       --------
                          Part I. Financial Information

Item 1.    Financial Statements

           Balance Sheets as of May 31, 2003 (unaudited) and
           February 28, 2003                                                 3

           Statements of Operations for Three Months Ended May 31, 2003
           and 2002 (unaudited)                                              4

           Statements of Cash Flows for the Three Months Ended May 31, 2003
           and 2002 (unaudited)                                              5

           Notes to the Financial Statements (unaudited)                     6

Item 2.    Management's Discussion and Analysis and Plan of Operation        7

Item 3.    Controls and Procedures                                           9


                           Part II. Other Information

Item 6.    Exhibits and Reports on Form 8-K                                 10

           Signature                                                        10

           Certifications                                                   11



<PAGE>
<TABLE>
<CAPTION>


                                    eNETPC, INC.
                                   BALANCE SHEETS

                                                            May 31       February 28
                                                             2003            2003
                                                          -----------    -----------
<S>                                                       <C>            <C>
ASSETS                                                    (Unaudited)
Current assets:
        Cash                                              $     5,036    $     1,241
        Accounts receivable, less allowance
        for doubtful accounts - $0 at May 31,
        2003 and $0 at February 28, 2003                       13,479        120,709
                                                          -----------    -----------
Total current assets                                           18,515        121,950

Property and equipment:
        Office equipment and furniture                        455,026        469,366
        Leasehold improvements                                 37,271         37,271
        Production equipment                                   61,515         61,515
                                                          ...........    ...........
                                                              553,812        568,152
        Accumulated depreciation                             (519,255)      (513,152)
                                                          ...........    ...........
                                                               34,557         55,000
                                                          -----------    -----------

                                                          -----------    -----------
Total assets                                              $    53,072    $   176,950
                                                          ===========    ===========



LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
       Accounts payable                                        97,876        138,742
       Note payable - bank                                       --           35,000
       Accrued liabilities                                      2,320          1,936
       Due to stockholder                                     150,000        150,000
       Accrued interest - stockholder                          26,000         21,500
                                                          ...........    ...........
Total current liabilities                                     276,196        347,178

Shareholders' equity(deficit):
         Common stock, $.01 par value
              Authorized shares - 20,000,000
              Issued and outstanding shares - 4,854,320        48,543         48,543
         Additional paid-in capital                         3,994,377      3,994,377
         Stockholder Subscription Receivable                  (15,165)       (15,165)
         Accumulated deficit                               (4,250,879)    (4,197,983)
                                                          ...........    ...........
Total shareholders' equity(deficit)                          (223,124)      (170,228)
                                                          -----------    -----------
Total liabilities and shareholders' equity(deficit)       $    53,072    $   176,950
                                                          ===========    ===========


                 See accompanying notes to financial statements.

                                       3

</TABLE>
<PAGE>
                                  eNETPC, INC.
                      STATEMENTS OF OPERATIONS (UNAUDITED)


                                                         THREE MONTHS ENDED
                                                              May 31
                                                      2003              2002
                                                   ...........      ...........

Sales                                              $    65,857      $   233,962
Cost of Sales                                           46,799          189,782
                                                   ...........      ...........
      Total Gross Profit                                19,058           44,180

Operating expenses:
     General and administrative                         64,961          183,582
      Sales and marketing                                 --             16,886
                                                   ...........      ...........
                                                        64,961          200,468
                                                   ...........      ...........

Loss from operations                                   (45,903)        (156,288)

Other income (expense):
      Interest income                                     --               --
      Interest Expense                                  (6,993)          (3,000)
      Other income (expense)                              --
                                                   ...........      ...........
                                                        (6,993)          (3,000)
                                                   ...........      ...........
Net loss                                           $   (52,896)     $  (159,288)
                                                   ===========      ===========


Net loss per common share - basic
      and diluted                                  $     (0.01)     $     (0.03)

Weighted average common shares
      outstanding - basic and diluted                4,854,320        4,854,320

SEE ACCOMPANYING NOTES


                 See accompanying notes to financial statements.

                                       4


<PAGE>

<TABLE>
<CAPTION>

                                  eNETPC, INC.
                      STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                           THREE MONTHS ENDED
                                                                 May 31
 (Unaudited)                                               2003         2002
                                                         ---------    ---------
<S>                                                      <C>          <C>
CASH FLOWS USED IN OPERATING ACTIVITIES
Net loss                                                 $ (52,896)   $(159,288)
Adjustments to reconcile net loss to net cash
     used in operating activities:
          Depreciation and amortization                     20,443       20,442
           Amortization of deferred compensation              --           --
          Changes in operating assets and liabilities:
                        Accounts Receivable                107,230       90,467
                        Inventories                           --         25,634
                        Prepaid expenses                      --          2,950
                        Accounts payable                   (40,866)     (46,478)
                        Accrued expenses                     4,884      (12,326)
                                                         ---------    ---------
Net cash provided by (used in) operating activities         38,795      (78,599)

CASH FLOWS USED IN INVESTING ACTIVITIES
Purchases of property and equipment                           --           --
                                                         ---------    ---------
Net cash provided (used in) investing activities              --           --

CASH FLOWS FROM FINANCING ACTIVITIES
Net  reduction in stockholder subscription receivable         --          9,799
Net proceeds from note payable from a related party           --         63,000
Net payments from note payable - bank                      (35,000)        --
                                                         ---------    ---------
Net cash provided by (used in) financing activities        (35,000)      72,799

Decrease in cash                                             3,795       (5,800)
Cash at beginning of period                                  1,241       16,566
                                                         ---------    ---------
Cash at end of period                                    $   5,036    $  10,766
                                                         =========    =========


                 See accompanying notes to financial statements.

                                       5
</TABLE>


<PAGE>


                                  ENETPC, INC.
                    NOTES TO FINANCIAL STATEMENTS (UNAUDITED)

Note 1.  BASIS OF PRESENTATION

The accompanying  unaudited financial statements of eNetpc, Inc. (the "Company")
as of May 31,  2003 and for the three  months  ended May 31,  2003 and 2002 have
been prepared by the Company,  without audit,  pursuant to rules and regulations
of the Securities  and Exchange  Commission  ("SEC").  Certain  information  and
footnote  disclosures,  normally  included in financial  statements  prepared in
accordance with accounting principles generally accepted in the United States of
America,  have been condensed or omitted pursuant to such rules and regulations.
In the opinion of  management,  the financial  statements  included in this Form
10-QSB  include  all  adjustments,  consisting  only  of  normal  and  recurring
adjustments,  considered  necessary  for a fair  presentation  of the  financial
position and the results of operations and cash flows for the periods presented.
Operating  results for the three months  ended May 31, 2003 are not  necessarily
indicative of the results that may be expected for the year ending  February 28,
2004. These condensed  financial  statements and footnote  disclosures should be
read in conjunction with the financial  statements and footnotes thereto for the
year ended  February 28, 2003,  included in the Company's  Annual Report on Form
10-KSB.  The  preparation  of  the  financial   statements  in  conformity  with
accounting  principles  generally  accepted  in the  United  States  of  America
requires  management  to make  estimates  and  assumptions  that affect  amounts
reported in the financial  statements  and  accompanying  notes to the financial
statements. Actual results could differ from those estimates.


Note 2.  BANK NOTE

During the three months ended May 31, 2003,  the Company paid off a bank note in
the amount of $35,000. The note was canceled as of March 05, 2003.


Note 3.  DUE TO STOCKHOLDER

The Company has a note payable to a stockholder in the amount of $150,000 at May
31, 2003, which is due on demand,  including interest at 12% per annum. The note
is collateralized by property owned by a related  stockholder/officer.  Interest
expense for the three months ended May 31, 2003 was $4,500 and interest  accrued
at May 31, 2003 was $26,000.


Note 4. NET LOSS PER COMMON SHARE

Basic net loss per share is computed  based on the  weighted  average  number of
common  shares  outstanding  during  each  period.  Diluted  net loss per  share
includes the incremental shares assumed issued on the exercise of stock options.
Basic  and  diluted  net loss per  share are  equal  because  the  effect of the
outstanding stock options and warrants is antidilutive.



                                       6
<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

                              RESULTS OF OPERATIONS

The  following  table  sets  forth,  for the  periods  indicated,  statement  of
operations data as a percentage of net sales:

                                                Three Months Ended
                                                     May 31

                                             2003              2002
                                             -----            -------

Sales                                        100.0%            100.0%
Cost of sales                                 71.1              81.1
                                             -----            -------
Gross profit                                  28.9              18.9
                                             -----            -------

Operating expenses
General and administrative                    98.6              78.5
Sales and marketing                                              7.2
                                             -----            -------
                                              98.6              85.7
                                             -----            -------

Income (loss) from operations                (69.7)            (66.8)
Other income (expense)                       (10.6)             (1.3)
                                             -----            -------

Net income (loss)                            (80.3)%           (68.1)%
                                            -------           =========


COMPARISON OF THE THREE MONTHS ENDED MAY 31, 2003 AND 2002

NET SALES.  Net sales decreased  $168,105 or 72%, to $65,857 in the three months
ended May 31, 2003 compared to $233,962 for the three months ended May 31, 2002.
The  decrease in all  business  unit sales is  primarily  due to the  continuing
downturn in the computer  industry as a whole. The Company believes sales for at
least the next 4 quarters will remain at approximately sales recorded during the
three months ended May 31, 2003.

GROSS PROFIT.  Gross profit for the first quarter of fiscal 2004 was $19,058, or
29% of net sales, compared to $44,180, or 18.9% of net sales, in the prior year.
The  decrease in gross  profit  dollars is due  primarily to the decrease in net
sales in all business units,  particularly in the Virtual Distribution  business
unit.

OPERATING EXPENSES. General,  administrative and sales expenses were $64,961, or
98.6% of net sales, in the first quarter of fiscal 2004 compared to $183,582, or
78.5% of net sales,  in the first  quarter of fiscal 2003.  This decrease is due
primarily to the reduction in  administrative  personnel  and related  operating
expenses  during fiscal 2003. The Company  believes  operating  expenses for the
three months ended May 31, 2003 are  reflective  of future  quarterly  operating
expenses for the next four quarters.


                                       7
<PAGE>

Loss from operations  decreased by $110,385 to ($45,903) in the first quarter of
fiscal 2004 from a loss of ($156,288) in fiscal 2003, reflecting the decrease in
net sales and related gross profit, and the decrease in operating expenses.

Interest  expense  increased by $3,993 to $6,993 in the first  quarter of fiscal
2004 from $3,000 in fiscal 2003 due to increased borrowings.

As a  result  of the  foregoing  factors,  net loss  decreased  by  $106,392  to
($52,896)  in the third  quarter  of fiscal  2004 from a loss of  ($159,288)  in
fiscal 2003.



LIQUIDITY AND CAPITAL RESOURCES

The  Company's  cash  position at May 31, 2003 was $5,036 and increase of $3,795
from $1,241 at February  28,  2003.  During the three months ended May 31, 2003,
net cash  provided in  operating  activities  was $38,795 due  primarily  to the
decrease  in  accounts  receivable  ($107,230),  decrease  in  accounts  payable
$(40,866),and depreciation and amortization of $20,443. The decrease in accounts
receivable  is the result of lower sales  during the three  months ended May 31,
2003.

Net cash used by financing activities in the three months ended May 31, 2003 was
$35,000  consisting of a $35,000  payment on a bank note. The note was cancelled
as of March 05, 2003.


SIGNIFICANT ACCOUNTING POLICIES

         The  preparation of financial  statements in conformity with accounting
principles   generally  accepted  in  the  United  States  of  America  requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities  and the disclosure of contingent  assets and liabilities
at the dates of the financial  statements  and reported  amounts of revenues and
expenses  during the reporting  periods.  The Company's  significant  accounting
policies are described in Note 1 to the financial  statements for the year ended
February 28, 2003.  The  accounting  policies used in preparing our interim 2004
financial  statements  are the same as those  described  in  February  28,  2003
financial  statements.  The most significant estimates and assumptions relate to
the valuation of inventory,  capitalized  software  development  costs,  and the
reserves  set aside for bad  debts.  Actual  amounts  could  differ  from  these
estimates.

Inventory Valuation

                  Inventories consist primarily of purchased  components and are
                  valued  at the lower of cost or  market  (first-in,  first-out
                  method).  Because  of the  continuing  pressure  on  component
                  pricing  in  the  computer  industry,  the  company  regularly
                  reviews the costs used to value  inventory and adjusts them to
                  reflect upward or downward market values.

         Within the last year,  the company has changed its method of  operation
from an inventory  carrying  manufacturer  to outsourcing  the  manufacture  and
delivery of its hardware  products.  This change  allows the company to minimize



                                       8
<PAGE>

the carrying costs associated with large amounts of inventory and also decreases
significantly  the risks of  obsolescence  and loss.  The company  continues  to
further  reduce its  inventory  levels and  associated  risks by selling off all
excess items.

     Capitalized Software Development

          Under  the  provisions  of SOP 98-1,  the  Company  capitalizes  costs
          associated  with software  developed or obtained for internal use when
          both the  preliminary  project stage is completed and  management  has
          authorized  further  funding for the project  which it deems  probable
          will  be  completed  and  used  to  perform  the  function   intended.
          Capitalized  costs include only (1) external direct costs of materials
          and  services  consumed  in  developing  or  obtaining   internal  use
          software,  (2) payroll and payroll related costs for employees who are
          directly  associated  with and who  devote  time to the  internal  use
          software  project,  and (3) interest  costs  incurred,  when material,
          while developing  internal use software.  Capitalization of such costs
          ceases no later than the point at which the  project is  substantially
          complete and ready for its intended purpose.

     Reserves Set Aside for Bad Debts called "Allowance for Doubtful Accounts"

     The Company  reviews  customers'  credit history before  extending  credit.
Generally,  a minimum credit limit is established for a first time customer with
acceptable credit ratings. As experience is gained with a customer,  an increase
in the credit  limit can be made based on  acceptable  payment  performance.  An
allowance for doubtful accounts is made only after collection  efforts have been
expended and  management  assesses the  situation as  unrecoverable,  based upon
factors  surrounding the credit risk,  historical  trend and other  information.
Reserves  are set  aside  on a  customer  by  customer  basis  rather  than on a
percentage basis of all customers.

Forward-Looking Statements
--------------------------

Forward-looking   statements  herein  are  made  pursuant  to  the  safe  harbor
provisions of the Private  Securities  Litigation  Reform Act of 1995. There are
certain  important  factors that could cause results to differ  materially  from
those anticipated by some of the statements made herein. Investors are cautioned
that all  forward-looking  statements  involve risks and uncertainty.  Among the
factors that could cause actual results to differ  materially are the following:
market acceptance of new products,  changes in competitive environment,  general
conditions  in the  industries  served  by  the  Company's  products,  continued
availability  of financing and related costs,  and overall  economic  conditions
including inflation.

ITEM 3:  CONTROLS AND PROCEDURES.

         Under the  supervision  and with the  participation  of our management,
including our principal  executive officer and principal  financial officer,  we
conducted an evaluation of our disclosure controls and procedures,  as such term
is defined under Rule 13a-14(c) promulgated under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), within 90 days of the filing date of this
report. Based on their evaluation, our principal executive officer and principal
accounting  officer  concluded  that  eNetpc,  Inc.'s  disclosure  controls  and
procedures are effective.



                                       9
<PAGE>

         There have been no significant  changes  (including  corrective actions
with regard to significant  deficiencies or material weaknesses) in our internal
controls or in other  factors that could  significantly  affect  these  controls
subsequent to the date of the evaluation referenced above.


                           PART II. OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits

99.1     Certification under Section 906

(b)      Reports on Form 8-K

         None




                                    SIGNATURE


         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.

                                           eNETPC, INC.


Dated:  July 15, 2003                       By    /s/ Richard A. Pomije
                                                  ---------------------------
                                                  Richard A. Pomije
                                                  Its Chief Executive Officer


                                       10
<PAGE>


                                 CERTIFICATIONS

I, Richard A. Pomije, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of eNetpc, 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 periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  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 our  conclusions  about the
effectiveness of the disclosure  controls and procedures based on our 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 audit committee of
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
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date: July 15, 2003
                        Signed:     /s/  Richard A. Pomije
                                 ----------------------------------------------
                        Name:    Richard A. Pomije
                        Title:   Chief Executive Officer and principal financial
                                 officer of eNetpc, Inc.


                                       11