UNITED STATES
                       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: JUNE 30, 2003

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                        For the transition period from To

                         Commission file number 0-27739

                           Platinum SuperYachts, Inc.
        (Exact name of small business issuer as specified in its charter)

            NEVADA                                      77-0517966
-------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or organization)

                            Suite #110 - 1200 W 73rd
                       Vancouver, British Columbia V6P 6G5
                    (Address of principal executive offices)

                                  (604)264-8689
                           (Issuer's telephone number)

[X]      Check whether the issuer (1) filed all reports  required to be filed by
         Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or
         for 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.

                                       APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares  outstanding of each of the issuer's classes
of common equity,  as of the latest  practical  date:  June 30, 2003  24,908,365


         Transitional  Small Business  Disclosure Format (check one). Yes ; No X




<PAGE>



                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                         INDEPENDENT ACCOUNTANT'S REPORT


Platinum SuperYachts, Inc.
(A Development Stage Company)

         We  have  reviewed  the   accompanying   balance   sheets  of  Platinum
SuperYachts, Inc. (a development stage company) as of June 30, 2003 and December
31, 2002,  and the related  statements of operations for the three and six month
periods ended June 30, 2003, and cash flows for the six month periods ended June
30, 2003.  These financial  statements are the  responsibility  of the Company's
management.

         We conducted our review in accordance with standards established by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the  expression  of an opinion  regarding the  financial  statements  taken as a
whole. Accordingly, we do not express such an opinion.

         Based on our  review,  we are not aware of any  material  modifications
that should be made to the financial statements referred to above for them to be
in conformity with accounting principles generally accepted in the United States
of America.

         We have  previously  audited,  in accordance  with  auditing  standards
generally  accepted  in the  United  States of  America,  the  balance  sheet of
Platinum  SuperYachts,  Inc. as of December 31, 2002, and the related statements
of operations,  cash flows, and stockholders'  equity for the period from August
23, 2002  (Inception)  to December  31,  2002;  and in our report dated June 24,
2003, we expressed an unqualified opinion on those financial statements.  In our
opinion,  the  information  set forth in the  accompanying  balance  sheet as of
December 31, 2002, is fairly stated,  in all material  respects,  in relation to
the balance sheet from which it has been derived.

         Note 4 of the Company's audited financial statements as of December 31,
2002,  and for the period from August 23, 2002  (Inception) to December 31, 2002
discloses that the Company has suffered recurring losses from operations and has
no established  source of revenue at December 31, 2002. Our auditors'  report on
those financial  statements  includes an explanatory  paragraph referring to the
matter in Note 4 of those financial statements and indicating that these matters
raised  substantial  doubt  about the  Company's  ability to continue as a going
concern.  As indicated in Note 4 of the Company's  unaudited  interim  financial
statements as of June 30, 2003, and for the three and


<PAGE>



six months then ended, the Company has continued to suffer recurring losses from
operations and still has no established  source of revenue at June 30, 2003. The
accompanying  interim  financial  statements do not include any adjustments that
might result from the outcome of this uncertainty.

                                                  Respectfully submitted,



                                                   /s/ Robison, Hill & Co.
                                                   Certified Public Accountants

Salt Lake City, Utah
August 18, 2003


<PAGE>

                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                                (Unaudited)
                                                                                  June 30,          December 31,
ASSETS                                                                              2003                2002
                                                                             ------------------  ------------------
Current Assets:
<S>                                                                          <C>                 <C>
Cash & Cash Equivalents                                                      $              736  $              333
Notes Receivable                                                                        150,000             150,000
Supplies                                                                                 35,000              35,000
                                                                             ------------------  ------------------
     Total Current Assets                                                               185,736             185,333

Fixed Assets:
Fixed Assets                                                                            163,000             163,000
Less Accumulated Depreciation                                                           (15,524)             (3,881)
                                                                             ------------------  ------------------
     Total Fixed Assets                                                                 147,476             159,119

Other Assets:
Intangible Assets                                                                     1,895,001           1,895,001
Less Accumulated Amortization                                                          (192,381)            (41,845)
                                                                             ------------------  ------------------
     Total Other Assets                                                               1,702,620           1,853,156
                                                                             ------------------  ------------------

     Total Assets                                                            $        2,035,832  $        2,197,608
                                                                             ==================  ==================

LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable                                                             $          110,087  $           77,648
Shareholder Loans                                                                         5,000                   -
                                                                             ------------------  ------------------
     Total Liabilities                                                                  115,087              77,648
                                                                             ------------------  ------------------

Stockholders' Equity:
  Common Stock, Par value $.001, 100,000,000 Shares
    Authorized, 24,908,365 and 24,858,365 Shares
    Issued and Outstanding as June 30, 2003
    and December 31, 2002                                                                24,908              24,858
  Paid-In Capital                                                                     2,275,690           2,160,740
  Deficit Accumulated During the
    Development Stage                                                                  (379,853)            (65,638)
                                                                             ------------------  ------------------
     Total Stockholders' Equity                                                       1,920,745           2,119,960
                                                                             ------------------  ------------------

     Total Liabilities and Stockholders' Equity                              $        2,035,832  $        2,197,608
                                                                             ==================  ==================
</TABLE>


                 See accompanying notes and accountants' report.


<PAGE>


                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                        Cumulative
                                                                                                          since
                                                                                                        August 23,
                                                                                                           2002
                                                             For the three         For the six         inception of
                                                             months ended         months ended
                                                               June 30,             June 30,           development
                                                           -----------------    -----------------
                                                                 2003                 2003                stage
                                                           -----------------    -----------------   ------------------
<S>                                                        <C>                  <C>                 <C>
Revenues:                                                  $               -    $               -   $                 -

Expenses:

   General & Administrative                                          113,204              314,215              379,841
                                                           -----------------    -----------------   ------------------

     Net Operating Loss                                             (113,204)            (314,215)            (379,841)

Other Income (Expenses)
   Interest, Net                                                           -                    -                  (12)
                                                           -----------------    -----------------   ------------------

     Net Loss                                              $        (113,204)   $        (314,215)  $         (379,853)
                                                           =================    =================   ==================

Loss per share                                             $         (0.01)     $         (0.01)
                                                           =================    =================

Weighted Average Shares Outstanding                               24,896,976           24,896,976
                                                           =================    =================
</TABLE>














                 See accompanying notes and accountants' report.


<PAGE>


                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                         Cumulative
                                                                                                           Since
                                                                                                         August 23,
                                                                                                            2002
                                                                                 For the six            Inception of
                                                                                 months ended
                                                                                   June 30,             Development
                                                                              ------------------
                                                                                     2003                  Stage
                                                                              ------------------     ------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                           <C>                    <C>
Net Loss                                                                      $(314,215)             $         (379,853)
Adjustments to reconcile net income (loss) to
  net cash provided (used in) operating activities:
Depreciation & Amortization                                                              162,179                207,904
Stock issued for start up costs                                                                -                 12,600
Stock issued for services                                                                115,000                115,000
Increase (decrease) in accounts payable                                                   32,439                 38,384
                                                                              ------------------     ------------------
Net cash provided by (used in) operating activities                                       (4,597)                (5,965)
                                                                              ------------------     ------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
  Net cash provided by investing activities                                                    -                      -
                                                                              ------------------     ------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Loan from shareholders                                                                     5,000                  5,000
Stock issued at inception                                                                      -                  1,400
                                                                              ------------------     ------------------
  Net cash provided by financing activities                                                5,000                  6,400
                                                                              ------------------     ------------------

Net (Decrease) Increase in Cash and Cash Equivalents                                         403                    435
Cash and Cash Equivalents at Beginning of Period                                             333                      -
                                                                              ------------------     ------------------
Cash and Cash Equivalents at End of Period                                    $              736     $              435
                                                                              ==================     ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest                                                                    $                -     $               12

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES:

Stock issued in plan of reorganization                                        $                -     $              858
Stock issued in asset acquisition agreement                                   $                -     $        2,243,000
</TABLE>

                 See accompanying notes and accountants' report.


<PAGE>

                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                     FOR THE SIX MONTHS ENDED JUNE 30, 2003
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         This summary of  accounting  policies for  Platinum  SuperYachts,  Inc.
(formerly  Mentor On Call,  Inc.) is  presented to assist in  understanding  the
Company's  financial  statements.  The accounting  policies conform to generally
accepted  accounting  principles  and  have  been  consistently  applied  in the
preparation of the financial statements.

         The unaudited financial  statements as of June 30, 2003 and for the six
months then ended reflect, in the opinion of management,  all adjustments (which
include  only  normal  recurring  adjustments)  necessary  to  fairly  state the
financial  position and results of operations  for the three  months.  Operating
results for interim periods are not necessarily  indicative of the results which
can be expected for full years.

Organization and Basis of Presentation

         The Company was  incorporated  under the laws of the State of Nevada on
October  22,  1996 under the name PSM Corp.  The  Company  ceased all  operating
activities  during  the period  from  October  22,  1996 to July 9, 1999 and was
considered  dormant.  On July 9, 1999,  the Company  obtained a  Certificate  of
renewal from the State of Nevada.  On January 11, 2000, the company  changed its
name to Mentor On Call, Inc.

         On  October  3,  2002,  the  Company   changed  its  name  to  Platinum
SuperYachts, Inc. in anticipation of a merger with SuperYachts Holdings, Inc. (a
Nevada  Corporation  that was  incorporated on August 13, 2002). On November 15,
2002,  the  shareholders  of the Platinum  SuperYachts,  Inc.  completed a stock
exchange  agreement with  SuperYachts  Holdings,  Inc. dated August 8, 2002. The
merger was accounted for as a reverse merger,  with  SuperYachts  Holdings being
treated as the acquiring entity for financial reporting purposes.  In connection
with this merger,  SuperYachts Holdings issued 858,365 shares of common stock in
exchange  for the assets  and  liabilities  of the  Platinum  SuperYachts,  Inc.
(formerly Mentor On Call, Inc.).

         For  financial  reporting  purposes,  Platinum  SuperYachts,  Inc.  was
considered  a new  reporting  entity on  November  15,  2002.  The  accompanying
financial  statements  reflect the  operations  of  SuperYachts  Holding for the
period from August 23, 2002 (Inception) to December 31, 2002. The purchase price
was allocated to the assets and liabilities at their estimated fair value.

         The merger was recorded as a recapitalization.  In connection with this
recapitalization, the number of shares outstanding prior to the merger have been
restated to their post merger  equivalents  (increased from 1,400,000  shares to
14,000,000).  All  references in the  accompanying  financial  statements to the
number of Common  shares and  per-share  amounts for 2002 have been  restated to
reflect the equivalent number of post merger shares.


<PAGE>

                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                     FOR THE SIX MONTHS ENDED JUNE 30, 2003
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

         As of June 30, 2003, the Company is in the development  stage,  and has
not commenced planned principal operations.

Nature of Business

         The Company will design, construct,  sale, re-sale and services yachts.
Our core  business  will be the  building of yachts in excess of 80 to 200 feet.
Platinum  SuperYachts  will  hire  subcontractors  on a per  job  basis  for the
construction of the vessel. We pay these subcontractors when the client pays us.

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Depreciation and Amortization

         Fixed   assets  are  recorded  at  cost  and   depreciated   using  the
straight-line  method over the estimated  useful lives of the assets which range
from three to seven years.  Fixed assets  consisted of the following at June 30,
2003:

Yacht Models                                                  $          38,000
Hull Display                                                            125,000
                                                              -----------------
                                                                        163,000

Less accumulated depreciation                                           (15,524)
                                                              -----------------

Total                                                         $         147,476
                                                              =================

         Maintenance  and  repairs are charged to  operations;  betterments  are
capitalized.  The  cost  of  property  sold  or  otherwise  disposed  of and the
accumulated  depreciation  thereon are eliminated  from the property and related
accumulated depreciation accounts, and any resulting gain or loss is credited or
charged to income.


<PAGE>

                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                     FOR THE SIX MONTHS ENDED JUNE 30, 2003
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

         Total  depreciation  expense for the six months ended June 30, 2003 was
$11,643.

         The Company has adopted the Financial  Accounting  Standards Board SFAS
No., 142, "Goodwill and Other Intangible Assets." SFAS 142 requires, among other
things,  that companies no longer amortize  goodwill,  but instead test goodwill
for  impairment  at least  annually.  In addition,  SFAS 142  requires  that the
Company identify reporting units for the purposes of assessing  potential future
impairments of goodwill,  reassess the useful lives of other existing recognized
intangible   assets,  and  cease  amortization  of  intangible  assets  with  an
indefinite  useful life.  An  intangible  asset with an  indefinite  useful life
should be tested for impairment in accordance with the guidance in SFAS 142.

Intangible Assets consisted of the following at June 30, 2003:
<TABLE>
<CAPTION>
              Intangible Asset                      Amortization          Amortization Period
<S>                                               <C>                     <C>
Website                                           $          45,000             2 Years
Yacht Blueprints                                          1,600,000             7 Years
Client Lists                                                250,000            Indefinite
E-Learning System                                                 1            Indefinite
                                                  -----------------
                                                          1,895,001

Less accumulated amortization                              (192,381)
                                                  -----------------

Total                                             $       1,702,620
                                                  =================
</TABLE>

         Total  amortization  expense for the six months ended June 30, 2003 was
$150,536.

         The estimated amortization for the next five years is as follows:

2003                                         $           251,071
2004                                                     247,321
2005                                                     228,571
2006                                                     228,571
2007                                                     228,571
                                             -------------------
Total                                        $         1,184,105
                                             ===================





<PAGE>

                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                     FOR THE SIX MONTHS ENDED JUNE 30, 2003
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Foreign currency remeasurement/translation

         The Company's primary functional currency is the U.S. dollar,  however,
the Company has had several  transactions  using the Canadian  dollar.  Monetary
assets and liabilities  resulting from  transactions  with foreign suppliers and
customers  are  remeasured  at  year-end   exchange  rates.  All  other  assets,
liabilities,  and  stockholders'  equity are  remeasured at historical  exchange
rates for past  transactions  and at  year-end  exchange  rates for  current and
future transactions.  Revenue and expense accounts are remeasured at the average
exchange  rates in effect  during the year,  except those  related to assets and
liabilities,  which are remeasured at historical  exchange rates.  Remeasurement
gains and losses are included in income.

         The  Company's  reporting  currency is the U.S.  dollar.  Balance sheet
accounts  are  translated  at  year-end  exchange  rates and revenue and expense
accounts are translated at the average exchange rates in effect during the year.
Translation   gains  and  losses  are  included  as  a  separate   component  of
stockholders' equity.

Pervasiveness of Estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  required  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.

Concentrations of Credit Risk

         The  Company has no  significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.

Stock Compensation for Non-Employees

         The  Company  accounts  for the fair  value of its  stock  compensation
grants for  non-employees  in accordance with FASB Statement 123. The fair value
of each grant is equal to the market price of the Company's stock on the date of
grant if an active  market  exists or at a value  determined  in an arms  length
negotiation between the Company and the non-employee.


<PAGE>

                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                     FOR THE SIX MONTHS ENDED JUNE 30, 2003
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Earnings (Loss) per Share

         Basic loss per share has been  computed  by  dividing  the loss for the
three and six months  applicable  to the  common  stockholders  by the  weighted
average  number of common shares  outstanding.  There were no common  equivalent
shares outstanding at June 30, 2003.

NOTE 2 - NOTES RECEIVABLE

         As part of the  Asset  Acquisition  (Note  6) the  Company  received  a
Consent  of  Judgement  issued on May 6, 2002 in the  circuit  court of the 11th
judicial  circuit  in and for  Miami,  Dade  County,  Florida  in the  amount of
$458,000 plus interest against Thanos  Papalexis,  Nemesis  Enterprises,  Inc. a
Foreign Corporation and Privee International Inc., a Florida  Corporation.  They
also  received a  promissory  note from Mr.  Thanos  Papalexis  in the amount of
$200,000.

         The Company  believes that they will be able to collect on these notes,
however,  an  allowance  in the amount of $508,000  has been booked  against the
notes in the accompanying  balance.  The allowance is made up of legal fees that
may arise if further  legal action is  necessary,  amounts that the Company will
pay the boat builder that arises from an oral  agreement to pay upon  collection
of the amount in  question,  and an  allowance  for the  amount  that may not be
collectable.

NOTE 3 - INCOME TAXES

         As  of  December  31,  2002,  the  Company  had a  net  operating  loss
carryforward for income tax reporting purposes of approximately  $7,065,000 that
may be offset against future taxable income through 2022. Current tax laws limit
the amount of loss  available to be offset  against future taxable income when a
substantial  change in  ownership  occurs.  Therefore,  the amount  available to
offset future taxable income may be limited. No tax benefit has been reported in
the financial statements, because the Company believes there is a 50% or greater
chance the  carryforwards  will expire  unused.  Accordingly,  the potential tax
benefits of the loss  carryforwards  are offset by a valuation  allowance of the
same amount.

NOTE 4 - DEVELOPMENT STAGE COMPANY AND GOING CONCERN

         The Company has not begun principal  operations and as is common with a
development  stage  company,  the Company has had  recurring  losses  during its
development stage.


<PAGE>

                           PLATINUM SUPERYACHTS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                     FOR THE SIX MONTHS ENDED JUNE 30, 2003
                                   (Unaudited)

NOTE 4 - DEVELOPMENT STAGE COMPANY AND GOING CONCERN (Continued)

         Since  inception,  the  Company  has  incurred  recurring  losses  from
operations  of  $314,215  for  the  six  months  ended  June,  2003  and  has an
accumulated  deficit of $379,853 since the inception of the development stage on
August 23, 2002.  This condition  raises  substantial  doubt about the Company's
ability to continue as a going concern.

         Continuation  of the  Company  as a going  concern  is  dependent  upon
obtaining  additional  working  capital and management has developed a strategy,
which it believes will  accomplish  this  objective  through  additional  equity
funding which will enable the Company to operate in the future.  However,  there
can be no  assurance  that the Company  will be  successful  with its efforts to
raise  additional  capital.  The  inability of the Company to secure  additional
financing  in the near term  could  adversely  impact  the  Company's  business,
financial position and prospects.

NOTE 5 - LEASE AGREEMENT

         The Company entered into a month to month lease agreement for an office
it occupies in Vancouver, British Columbia, Canada under a month to month lease.
This lease can be  canceled on two months  written  notice.  The  current  lease
requires rental payments of  approximately  $885 ($1,200  Canadian  Dollars) per
month plus applicable  taxes.  During the six months six months ended June, 2003
the company had $3,101 in rent expense.

NOTE 6 - ASSET ACQUISITION

         On  November  15,  2002,  the  Company  issued  10,000,000   post-split
restricted  shares of the  Company as  consideration  for  certain  assets of PR
Marine, Inc., a Florida Corporation valued at $2,751,000.

         The assets  acquired  include 30 yacht designs with  blueprints on 6 of
them,  a yacht  hull  display,  four  yacht  models,  website,  customer  lists,
marketing material, a consent judgement from a law suit and promissory note, and
also contracts and agreements with shipyards,  designers,  naval  architects and
brokers.

NOTE 7 - RELATED PARTY TRANSACTIONS

         On March 31, 2003 a shareholder  advanced the Company $5,000 payable on
demand and does not carry an interest rate.  This  transaction has been recorded
in the accompanying financial statements as Shareholder loans.


<PAGE>



Item 2. Management's  Discussion and Analysis of Financial Condition and Plan of
Operations

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 Quarterly  Report,  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.

Financial Summary

Results of Operations for the Three and Six Months Ended June 30, 2003
----------------------------------------------------------------------

         The  entire net loss of  $113,204  and  $314,215  for the three and six
         months ended June 30, 2003 was comprised of general and administrative.

Liquidity and Capital Resources
-------------------------------

         For the  Six-Months  ended June 30, 2003;  the Company's  cash position
         decreased by $4,547. Cash used in operating  activities totaled $4,597,
         while cash provided by financing activities was $5,000.

Management Plan of Operations

 Platinum SuperYachts, Inc. intends to maintain and grow an established customer
base and  contacts,  and utilize  developed  designs and  technical  layouts and
rendering for the  marketing  and sales of luxury  yachts in worldwide  markets.
Platinum SuperYachts' will design, construct,  sale, resale, and service yachts.
The company's  core business will be the building of yachts of 80 to 200 feet in
length. Platinum SuperYachts will hire subcontractors on a per job basis for the
construction of each vessel.

As of December 31, 2002,  Platinum  SuperYachts is in the development  stage and
has not commenced planned principal operations.  As a development stage company,
Platinum  SuperYachts  has  had  recurring  losses  during  this  phase  of  its
operations.  Management  is  currently  developing  a plan to raise  capital  to
develop the business plan. No commitments to provide funding to the company have
been confirmed as of the date of this report.

Item 3.           Controls and Procedures

         Platinum   SuperYachts,   Inc.  management,   including  the  Principal
         Executive Officer and Principal  Financial  Officer,  have conducted an
         evaluation of the  effectiveness of disclosure  controls and procedures
         pursuant to Exchange Act Rule  13a-14(c) and  15d-14(c).  Based on that
         evaluation,  the Principal  Executive  Officer and Principal  Financial
         Officer  concluded  that the  disclosure  controls and  procedures  are
         effective  in ensuring  that all  material  information  required to be
         filed in this  annual  report  has been made  known to them in a timely
         fashion. There have been no significant changes in internal controls or
         in other  factors that could  significantly  affect  internal  controls
         subsequent  to the date the Principal  Executive  Officer and Principal
         Financial Officer completed their evaluation.


<PAGE>




                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

         As a part  of the  business  and  asset  acquisition  pertaining  to PR
         Marine, a Florida corporation,  Platinum  SuperYachts,  Inc. received a
         Consent of Judgement  issued on May 6, 2002 in the circuit court of the
         11th judicial circuit in and for Miami,  Dada County,  Florida;  in the
         amount of $458,000  plus interest  against  Thanos  Papalexis,  Nemesis
         Enterprises,  Inc., a foreign  corporation,  and Privee  International,
         Inc., a Florida  corporation.  The company  also  received a promissory
         note from Mr. Thanos Papalexis in the amount of $200,000.

         The company  believes that they will be able to collect on these notes,
         however,  an allowance of $508,000 has been booked against the notes in
         these  financial  statements.  The  allowance is made up of legal fees,
         amounts that the company  will pay a boat builder  arising from an oral
         agreement  to pay upon  collection  of the amount in  question,  and an
         allowance for the amount that may not be collectable.

Item 2.  Change in  Securities  and Use of Proceeds

         None for the quarterly reporting period ending June 30, 2003.

Item 3.  Defaults Upon Senior Securities

         None

Item 4.  Submission  of Matters to a Vote of Security  Holders None for
         the quarterly reporting period ending June 30, 2003.

Item 5.  Other Information

         None

Item 6.  Exhibits and Reports on Form 8-K

         Exhibits

         Platinum SuperYachts includes herewith the following exhibits:

         Number            Description

                  31       Certification   Pursuant   to  Section   302  of  the
                           Sarbanes-Oxley Act of 2002.

                  32       Certification   Pursuant   to  Section   906  of  the
                           Sarbanes-Oxley Act of 2002.

         Reports on Form 8-K

         No filings were made during the period covered by this report.


<PAGE>




SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
         caused  this  report  to be signed  on its  behalf by the  undersigned,
         thereunto duly authorized.

                               Platinum SuperYachts, Inc.

                               By:  /s/ Ron Ruskowsky, President
                               --------------------------------------------
                               Ron Ruskowsky, President and CEO

                               By:  /s/ Shahid Shafiq Vohra, Vice President
                               --------------------------------------------
                               Shahid Shafiq Vohra, Vice President and Secretary

         Date: August 18, 2003

         In accordance  with the Exchange Act, this report has been signed below
         by  the  following  persons  on  behalf  of the  registrant  and in the
         capacities and on the dates indicated.

         Platinum SuperYachts, Inc.

                               By:  /s/ Ron Ruskowsky, President
                               --------------------------------------------
                               Ron Ruskowsky, President and CEO

                               By:  /s/ Shahid Shafiq Vohra, Vice President
                               --------------------------------------------
                               Shahid Shafiq Vohra, Vice President and Secretary

                               By:  /s/ Roger Janssen, Director
                               --------------------------------------------
                               Roger Janssen, Director

         Date: August 18, 2003