UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C., 20549
                                  FORM 10-Q SB

     (X)  QUARTERLY  REPORT  PURSUANT  TO SECTION 13 OR 15(D) OF THE  SECURITIES
EXCHANGE ACT OF 1934
                  For the quarterly report ended June 30, 2000
                                       or
     ( )  TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934
                  For the transition period from to ___________

                        Commission File number 000-28697

                               VOIP TELECOM, INC.

   (Exact name of small business issuer as registrant as specified in charter)

         Nevada                                         86-0880742
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                       Identification No.)

                  460-1301 Dove Street, Newport Beach, CA 92660
                     (Address of principal executive office)

          Registrants telephone no., including area code (702) 866-5834


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

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares  outstanding of each of the issuers  classes
of common stock, as of the last practicable date.
        Class                              Outstanding as of June 30, 2000
Common Stock, $.0001                                 19,939,402








                                TABLE OF CONTENTS

Heading                                                                 Page

Item 1.                    Consolidated Financial Statements              3

                           Consolidated Balance Sheets June 30, 2000
                              And June 30, 1999                           4

                           Consolidated Statements of Operations three months
                              Ended June 30, 2000 and 1999                5

                           Consolidated Statements of Stockholders Equity 6-7

                           Consolidated Statements of Cash Flows three
                              Ended June 30, 2000 and 1999                8-9

                           Notes to Consolidated Financial Statements     10-11

Item 2.                    Managements Discussion and Analysis and
                                Result of Operations                      12

                           PART II. OTHER INFORMATION

Item 1.                    Legal Proceedings                              14

Item 2.                    Changes in Security                            14

Item 3.                    Defaults Upon Senior Securities                15

Item 4.                    Submission of Matter to a Vote of
                               Securities Holders                         15

Item 5.                    Other Information                              15

Item 6.                    Exhibits and Reports of Form 8-K               16

                           Signatures                                     17








                                     PART 1

Item 1.           Financial Statement

     The following unaudited Financial Statements for the period ended March 31,
2000 have been prepared by the Company.



                               VOIP Telecom, Inc.
                          FKA Presidents Telecom, Inc.
                          (A Development Stage Company)
                              FINANCIAL STATEMENTS
                       June 30, 2000 and December 31, 1999



































                               VOIP TELECOM, INC.
                       (Formerly Presidents Telecom, Inc.)
                          (A Development Stage Company)
                           Consolidated Balance Sheets


                                     ASSETS

                                                  June 30,      December 31,
                                                   2000            1999
                                               (Unaudited)
CURRENT ASSETS

   Cash                                      $    144,315    $     8,339
   Accounts receivable                              --             4,894

     Total Current Assets                         144,315         13,233

FIXED ASSETS, NET                               1,598,100        254,306

OTHER ASSETS

   Goodwill, net                                6,914,754           --
   Notes receivable - related party                  --             --
   Deposits                                          --           34,968

     Total Other Assets                         6,914,754         34,968

     TOTAL ASSETS                             $ 8,657,169    $   302,507


                      LIABILITIES AND STOCKHOLDERS EQUITY

CURRENT LIABILITIES

   Accounts payable                           $    61,462    $      --
   Accrued expenses                                18,202           --
   Notes payable                                1,117,212           --
   Notes payable - related party                  135,202        131,599

     Total Current Liabilities                   1,332,078        131,599

STOCKHOLDERS EQUITY

   Common stock: 100,000,000 shares authorized of
    $0.0001 par value 19,939,402 and 21,095,002
    shares issued and outstanding                    1,994          2,110
   Additional paid-in capital                    9,619,441        785,619
   Subscription receivable                            --         (150,000)
   Deficit accumulated during the development
   stage                                        (2,296,344)      (466,821)

     Total Stockholders Equity                   7,325,091        170,908

     TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 8,657,169    $   302,507





                               VOIP TELECOM, INC.
                       (Formerly Presidents Telecom, Inc.)
                          (A Development Stage Company)
                      Consolidated Statements of Operations
                                   (Unaudited)


                                                For the
                                             Six months ended
                                                June 30,
                                               2000        1999

REVENUES                              $        57,760  $         -

EXPENSES

   Depreciation expense                       158,381            -
   General and administrative                 684,771            -
   Loss on investment                          15,000            -
   Bad debt expense                         1,344,042            -

     Total Expenses                         2,202,194            -

LOSS FROM OPERATIONS                       (2,144,434)           -

OTHER INCOME (EXPENSE)

   Interest expense                           (18,202)           -
   Interest income                                 65            -
   Gain on disposition of
     assets                                   333,048            -

     Total Other Income
       (Expense)                              314,911            -

NET LOSS                              $    (1,829,523) $         -

BASIC LOSS PER SHARE                  $         (0.10) $          (0.00)


                                                   For the
                                                Three Months Ended
                                                   June 30,

                                              2000          1999


REVENUES                                $       -       $        -

EXPENSES

   Depreciation expense                     151,706              -
   General and administrative               162,317              -
   Loss on investment                           -                -
   Bad debt expense                         267,510              -

     Total Expenses                         581,533              -

LOSS FROM OPERATIONS                       (581,533)             -

OTHER INCOME (EXPENSE)

   Interest expense                         (18,202)             -
   Interest income                                65             -
   Gain on disposition of
     assets                                  333,048             -

     Total Other Income
       (Expense)                             314,911             -

NET LOSS                              $     (266,622)   $        -

BASIC LOSS PER SHARE                  $        (0.01)   $      (0.00)



                                              From
                                           Inception on
                                             May 4
                                           1987 through
                                             June 30
                                              2000



REVENUES                             $         93,877

EXPENSES

   Depreciation expense                       175,155
   General and administrative                 804,453
   Loss on investment                          15,000
   Bad debt expense                         1,710,524

     Total Expenses                         2,705,132

LOSS FROM OPERATIONS                       (2,611,255)

OTHER INCOME (EXPENSE)

   Interest expense                           (18,202)
   Interest income                                 65
   Gain on disposition of
     assets                                   333,048

     Total Other Income
       (Expense)                              314,911

NET LOSS                             $     (2,296,344)

BASIC LOSS PER SHARE





                               VOIP TELECOM, INC.
                       (Formerly Presidents Telecom, Inc.)
                          (A Development Stage Company)
                 Consolidated Statements of Stockholders Equity


                                                  Common Stock
                                             Shares            Amount

Inception, May 4, 1987                           -        $        -

Common stock issued for cash                 10,000,000             1,000

Net loss from inception on May 4,
 1997 through December 31, 1997                  -                 -

Balance, December 31, 1997                   10,000,000             1,000

Net loss for the year ended
 December 31, 1998                               -                 -

Balance, December 31, 1998                   10,000,000             1,000
Common stock issued for cash
 at $0.15 per share                           1,000,000               100

Common stock issued for
 purchase of Global E-Com
 at $0.054 per share                         10,000,000             1,000

Contributed capital                              -                 -

Stock issued for cash at $1.00
 per share                                       90,002                 9

Stock issued for services at $1.00
 per share                                        5,000                 1

Net loss for the year ended
 December 31, 1999                               -                 -

Balance, December 31, 1999                   21,095,002   $         2,110



                                               Additional
                                               Paid - in       Subscription
                                                 Capital         Receivable



Inception, May 4, 1987                       $        -        $        -

Common stock issued for cash                          -                 -

Net loss from inception on May 4,
 1997 through December 31, 1997                       -                 -

Balance, December 31, 1997                            -                 -

Net loss for the year ended
 December 31, 1998                                    -                 -

Balance, December 31, 1998                            -                 -

Common stock issued for cash
 at $0.15 per share                                149,900          (150,000)

Common stock issued for
 purchase of Global E-Com
 at $0.054 per share                               540,662            -

Contributed capital                                     67            -

Stock issued for cash at $1.00
 per share                                          89,991            -

Stock issued for services at $1.00
 per share                                           4,999            -

Net loss for the year ended
 December 31, 1999                                  -                 -

Balance, December 31, 1999                   $      785,619   $    (150,000)





                                                          Deficit
                                                        Accumulated
                                                         During the
                                                        Development
                                                           Stage

Inception, May 4, 1987                                 $        -

Common stock issued for cash                                    -

Net loss from inception on May 4,
 1997 through December 31, 1997                              (1,000)

Balance, December 31, 1997                                   (1,000)

Net loss for the year ended
 December 31, 1998                                           (1,450)

Balance, December 31, 1998                                   (2,450)

Common stock issued for cash
 at $0.15 per share                                              -

Common stock issued for
 purchase of Global E-Com
 at $0.054 per share                                             -

Contributed capital                                              -

Stock issued for cash at $1.00
 per share                                                       -

Stock issued for services at $1.00
 per share                                                       -

Net loss for the year ended
 December 31, 1999                                          (464,371)

Balance, December 31, 1999                          $      (466,821)



                               VOIP TELECOM, INC.
                       (Formerly Presidents Telecom, Inc.)
                          (A Development Stage Company)
           Consolidated Statements of Stockholders Equity (Continued)
                                   (Unaudited)

                                                     Common Stock
                                                  Shares            Amount

Balance, December 31, 1999                       21,095,002  $         2,110
Common stock issued for cash
 at $1.00 per share                               2,284,400              228

Stock offering costs                                 -                     -

Common stock issued for services
 at $3.00 per share                                  50,000                5

Common stock issued to acquire
 100% of Central America Fuel
 Technology, Inc. on March 15, 2000                   5,000                -

Common stock issued for services
 at $1.00 per share                                   5,000                1

Sale of Global E-Com                            (10,000,000)          (1,000)

Common stock issued for
 Access at $1.00 per share                        4,000,000              400

Common stock issued for ICE
 at $1.00 per share                               2,500,000              250

Receipt of subscription receivable                   -                -

Net loss for the six months
 June 30, 2000 (unaudited)                           -                -

Balance,
 June 30, 2000 (unaudited)                       19,939,402  $         1,994



                                                Additional
                                                Paid In            Subscription
                                                Capital             Receivable



Balance, December 31, 1999                $        785,619  $      (150,000)
Common stock issued for cash
 at $1.00 per share                              2,284,172             -

Stock offering costs                              (120,695)            -

Common stock issued for services
 at $3.00 per share                                149,995             -

Common stock issued to acquire
 100% of Central America Fuel
 Technology, Inc. on March 15, 2000                 15,000             -

Common stock issued for services
 at $1.00 per share                                  5,000             -


Sale of Global E-Com                                  1,000            -

Common stock issued for
 Access at $1.00 per share                        3,999,600            -

Common stock issued for ICE
 at $1.00 per share                               2,499,750            -

Receipt of subscription receivable                  -               150,000

Net loss for the six months
 June 30, 2000 (unaudited)                          -                -

Balance,
 June 30, 2000 (unaudited)                   $      9,619,441  $     -




                                                        Deficit
                                                        Accumulated
                                                        During the
                                                        Developement
                                                        Stage


Balance, December 31, 1999                        $     (466,821)
Common stock issued for cash
 at $1.00 per share                                        -

Stock offering costs                                       -

Common stock issued for services
 at $3.00 per share                                        -

Common stock issued to acquire
 100% of Central America Fuel
 Technology, Inc. on March 15, 2000                        -

Common stock issued for services
 at $1.00 per share                                        -

Sale of Global E-Com                                       -

Common stock issued for
 Access at $1.00 per share                                 -

Common stock issued for ICE
 at $1.00 per share                                        -

Receipt of subscription receivable                         -

Net loss for the six months
 June 30, 2000 (unaudited)                             (1,829,523)

Balance,
 June 30, 2000 (unaudited)                         $   (2,296,344)





                               VOIP TELECOM, INC.
                       (Formerly Presidents Telecom, Inc.)
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
                                   (Unaudited)


                                                   For the
                                                Six Months Ended
                                                   June 30,
                                            2000              1999
CASH FLOWS FROM OPERATING
 ACTIVITIES

   Net loss                           $    (1,829,523) $         -
   Adjustments to reconcile net loss to net
    cash used by operating activities:
     Depreciation expense                     158,381            -
     Bad debt expense                       1,344,042            -
     Loss on investment                        15,000            -
     Common stock issued for services         155,000            -
     Gain on disposition of assets           (333,048)           -
   Changes in operating assets and
     liabilities:
     (Increase) decrease in accounts
      receivable                                4,894            -
     (Increase) decrease in notes
      receivable                           (1,729,400)           -
     (Increase) decrease in deposits           34,968            -
     Increase (decrease) in accounts
      payable and accrued expenses             79,664            -

       Net Cash Provided (Used) by
        Operating Activities               (2,100,022)           -

CASH FLOWS FROM INVESTING
 ACTIVITIES

   Purchase of fixed assets                  (400,000)           -

       Net Cash Provided (Used) by
        Investing Activities                 (400,000)           -

CASH FLOWS FROM FINANCING
 ACTIVITIES

   Proceeds from note payable                 318,690            -
Cash purchased in acquisition                  -                 -
   Common stock issued for subscription
     receivable                               150,000            -
   Payment on note payable                   (339,377)           -
   Proceeds from note payable -
     related party                            342,980            -
   Common stock issued for cash             2,163,705            -

       Net Cash Provided (Used) by
        Financing Activities          $     2,635,998  $         -



                                                      For the
                                                Three Months Ended
                                                      June 30
                                                2000          1999

CASH FLOWS FROM OPERATING
 ACTIVITIES

   Net loss                              $    (266,622)      $  -
   Adjustments to reconcile net loss to net
    cash used by operating activities:
     Depreciation expense                       151,706         --
     Bad debt expense                           267,510         --
     Loss on investment                            --           --
     Common stock issued for services             5,000         --
     Gain on disposition of assets             (333,048)        --
   Changes in operating assets and
     liabilities:
     (Increase) decrease in accounts
      receivable                                   --           --
     (Increase) decrease in notes
      receivable                               (652,868)        --
     (Increase) decrease in deposits             34,968         --
     Increase (decrease) in accounts
      payable and accrued expenses               79,664         --

       Net Cash Provided (Used) by
        Operating Activities                   (713,690)        --

CASH FLOWS FROM INVESTING
 ACTIVITIES

   Purchase of fixed assets                        --           --

       Net Cash Provided (Used) by
        Investing Activities                       --           --

CASH FLOWS FROM FINANCING
 ACTIVITIES

   Proceeds from note payable                   318,690         --
Cash purchased in acquisition                      --           --
   Common stock issued for subscription
     receivable                                 150,000         --
   Payment on note payable                     (339,377)        --
   Proceeds from note payable -
     related party                               43,380         --
   Common stock issued for cash                 630,000         --

       Net Cash Provided (Used) by
        Financing Activities                  $ 802,693    $    --




                                                From
                                              Inception on
                                                May 4
                                              1987 through
                                                June 30
                                                2000
CASH FLOWS FROM OPERATING
 ACTIVITIES

   Net loss                                   $(2,296,344)
   Adjustments to reconcile net loss to net
    cash used by operating activities:
     Depreciation expense                         175,155
     Bad debt expense                           1,710,525
     Loss on investment                            15,000
     Common stock issued for services              11,067
     Gain on disposition of assets               (333,048)
   Changes in operating assets and
     liabilities:
     (Increase) decrease in accounts
      receivable                                     --
     (Increase) decrease in notes
      receivable                               (1,683,005)
     (Increase) decrease in deposits               34,218
     Increase (decrease) in accounts
      payable and accrued expenses                 79,664

       Net Cash Provided (Used) by
        Operating Activities                   (2,286,768)

CASH FLOWS FROM INVESTING
 ACTIVITIES

   Purchase of fixed assets                      (443,290)

       Net Cash Provided (Used) by
        Investing Activities                     (443,290)

CASH FLOWS FROM FINANCING
 ACTIVITIES

   Proceeds from note payable                     318,690
Cash purchased in acquisition                       6,776
   Common stock issued for subscription
     receivable                                      --
   Payment on note payable                       (348,258)
   Proceeds from note payable -
     related party                                343,460
   Common stock issued for cash                 2,553,705

       Net Cash Provided (Used) by
        Financing Activities                  $ 2,874,373



                               VOIP TELECOM, INC.
                       (Formerly Presidents Telecom, Inc.)
                          (A Development Stage Company)
                Consolidated Statements of Cash Flows (Continued)
                                   (Unaudited)


                                                            For the
                                                        Six Months Ended
                                                            June 30
                                                       2000           1999
NET INCREASE (DECREASE) IN
 CASH AND CASH EQUIVALENTS                     $       135,976  $         -

CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                                    8,339            -

CASH AND CASH EQUIVALENTS AT
  ENDOF PERIOD                                 $       144,315  $         -


CASH PAID FOR:

   Interest                                    $        -       $         -
   Taxes                                       $        -       $         -

NON-CASH FINANCING ACTIVITIES:

   Common stock issued for acquisition of
     subsidiary                                $     6,515,000  $         -





                                                  For the
                                            Three Months Ended
                                                  June 30
                                              2000          1999

NET INCREASE (DECREASE) IN
 CASH AND CASH EQUIVALENTS                  $   89,003   $    --

CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                           55,312        --

CASH AND CASH EQUIVALENTS AT
  ENDOF PERIOD                              $  144,315   $    --


CASH PAID FOR:

   Interest                                 $     --     $    --
   Taxes                                    $     --     $    --

NON-CASH FINANCING ACTIVITIES:

   Common stock issued for acquisition of
     subsidiary                             $6,500,000   $    --



                                                From
                                            Inception on
                                                May 4
                                            1987 through
                                              June 30
                                                2000

NET INCREASE (DECREASE) IN
 CASH AND CASH EQUIVALENTS                  $  144,315

CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                             --

CASH AND CASH EQUIVALENTS AT
  ENDOF PERIOD                              $  144,315


CASH PAID FOR:

   Interest                                 $     --
   Taxes                                    $     --

NON-CASH FINANCING ACTIVITIES:

   Common stock issued for acquisition of
     subsidiary                             $7,057,662




                               VOIP TELECOM, INC.
                       (Formerly Presidents Telecom, Inc.)
                          (A Development Stage Company)
                 Notes to the Consolidated Financial statements
                       June 30, 2000 and December 31, 1999


NOTE 1 -      CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

     The accompanying  consolidated  financial  statements have been prepared by
the Company without audit. In the opinion of management,  all adjustments (which
include  only normal  recurring  adjustments)  necessary  to present  fairly the
financial  position,  results of operations  and cash flows at June 30, 2000 and
1999 and for all periods presented have been made.

     Certain   information  and  footnote   disclosures   normally  included  in
consolidated financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted. It is suggested that these
condensed  consolidated  financial  statements be read in  conjunction  with the
financial  statements and notes thereto  included in the Companys  December 31,
1999 audited consolidated  financial  statements.  The results of operations for
periods  ended  June 30,  2000 and 1999 are not  necessarily  indicative  of the
operating results for the full years.

NOTE 2 -      MATERIAL EVENTS

     On May 15,  2000,  the  Company  entered  into a recission  agreement  with
E-Vegas,  whereby  the  Company  was  returned  its  10,000,000  shares of stock
previously  issued  to  E-Vegas  for  Global-E-Com,   resulting  in  a  gain  on
disposition of assets of $333,048.

     On May 31,  2000,  the Company  issued  4,000,000  shares of common  stock,
valued at $1.00 per share,  in exchange  for 100%  ownership  of Access  Network
Limited. Goodwill of $4,065,167 was recorded as a result of the acquisition.

     On June 5, 2000,  the  Company  issued  2,500,000  shares of common  stock,
valued at $1.00 per share,  in  exchange  for 100%  ownership  of  International
Communications and Equipment Corporation. Goodwill of $2,966,786 was recorded as
a result of the acquisition.


     Item 2.  Managements  Discussion  and Analysis of Financial  Condition  and
Results of Operations

     The following  information  should be read in  conjunction  with  financial
statements and notes thereto appearing elsewhere in this Form 10-QSB.

Overview

     The Company generated revenues of $57,760 in the first quarter of 2000 from
its telecom operation in Costa Rica.

     The  Companys  current  capital was provided by the sale of common stock in
the first quarter of 2000.


     On March 1, 2000 the Company  entered into an  agreement to acquire  Access
Network, Ltd., on a share exchange. The transaction is scheduled to close in the
second quarter.

     On March 15, 2000 the Company completed a merger with Central American Fuel
Technologies,  Inc., a Nevada corporation,  whereby Presidents Telecom, Inc. was
the surviving corporation.

     On May 15,  2000  the  Company  entered  into a  recission  agreement  with
E-Vegas,  whereby  the  Company  was  returned  its  10,000,000  shares of stock
previously  issued  to  E-Vegas  for  Global  E-Com,  resulting  in  a  gain  on
disposition of assets of $333,048.

     On May 31,  2000,  the Company  issued  4,000,000  shares of common  stock,
valued at $1.00 per share,  in exchange  for 100%  ownership  of Access  Network
Limited. Goodwill of $4,065,167 was recorded as a result of the acquisition.

     On June 5, 2000 the Company issued 2,500,000 shares of common stock, valued
at  $1.00  per  share,   in  exchange  for  100%   ownership  of   International
Communication and Equipment Corporation.  Goodwill of $2,966,786 was recorded as
a result of the acquisition.

Results of Operations the First Three Months of 2000

     For the second  quarter and the six months  ended June 30, 2000 the Company
had  total  operating  expenses  of $ 581,533  for  general  and  administrative
expenses.  There were no  operations in the second  quarter of 1999.  Management
expects expenses to increase significantly once the Company begins marketing its
product.

Net Operating Loss

     The Company has accumulated  approximately  2,296,344 of net operating loss
carryforwards  as of June 30, 2000,  which may be offset against  taxable income
and  income  taxes in future  years.  The use of these  losses to reduce  future
income taxes will depend on the generation of sufficient taxable income prior to
the expiration of the net operating loss carryforwards. The carryforwards expire
in the year  2015.  In the event of certain  changes in control of the  Company,
there  will  be an  annual  limitation  on  the  amount  of net  operating  loss
carryforwards,  which  can be used.  No tax  benefit  has been  reported  in the
financial  statements  for the year ended  December 31, 1999 or in the six month
period  ended June 30,  2000  because  there is a 50% or greater  potential  tax
chance that the carryforward will not be used.  Accordingly,  the potential tax
benefit of the loss carryforward is offset by a valuation allowance of the same
amount.

Inflation

     In the opinion of  management,  inflation has not had a material  effect on
the operations of the Company.

Risk Factors and Cautionary Statements

     Forward-looking  statements  in this report are made  pursuant to the safe
harbor provisions of the Private Securities  Litigation Reform Act of 1995. The
Company wishes to advise  readers that actual  results may differ  substantially
from such forward-looking  statements.  Forward-looking statements involve risks
and  uncertainties  that could cause actual  results to differ  materially  from
those expressed on or implied by the statements,  including, but not limited to,
the  following:  the  ability of the Company to  successfully  meet its cash and
working  capital needs,  the ability of the Company to  successfully  market its
product,  and other risks detailed in the Companys periodic report filings with
the Securities and Exchange Commission.

                                     Part II

Item 1.           Legal Proceedings

     There are  presently no pending legal  proceedings  to which the Company or
any of its  subsidiaries  or a party or to which any of its  property is subject
and,  to the best of its  knowledge,  no such  actions  against  the Company are
contemplated or threatened.

Item 2.           Changes in Securities

     The Company  completed a private  placement  pursuant to Regulation D, Rule
505/506 of the  Securities  Act of 1933,  on March 24,  2000  selling  1,654,400
shares  of common  stock  for  $1,654,400  or $1.00  per  shares  to  thirty-six
individuals. Shares were restricted.

     On March  24,  2000 the  Company  issued  50,000  shares  for  underwriting
services at a value of $150,000  pursuant to 4(2) and 4(6) of the Securities Act
of 1933 on a restricted class.

     On March 15, 2000 the Company  issued  5,000 shares at a value of $3.00 per
chase ($15,000) to acquire 100% of Central American Fuel Technology, Inc. Shares
were issued pursuant to 4(2) and 4(6) of the Securities Act.

     In April 2000 the Company  issued 5,000 shares of common stock at $1.00 for
services.

     May 15, 2000 the  Company  acquired  Access  Communications  for  4,000,000
shares of common stock for $1.00 per share.

     On June 5,  2000 the  Company  acquired  International  Communications  and
Equipment for 2,500,000 shares of common stock for $1.00 per share.

     All of the  securities  were  issued as  restricted  shares for  investment
purpose and not with a view to distribute or resale.

Item 3.           Defaults Upon Senior Securities

         None.

Item 4.           Submission of Matters to be a Vote of Security Holders

         None.

Item 5.           Other Information

         This item is not applicable to the Company.

Item 6.           Exhibits and Reports on 8-K

a.       Exhibit 27 Financial Data Schedule
b.       * 8KA Filed February 28, 2000, Period Ending February 23, 2000
                  * 8K Filed March 8, 2000, Period Ending March 2, 2000
                  * 8K Filed March 21, 2000 Period Ending March 21, 2000
                  * 8KA Filed March 24, 2000, Period Ending March 24, 2000
                  * 8K Filed April 21, 2000, Period Ending March 31, 2000

                  * Previously filed.






                                                              SIGNATURES

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

                                                     VOIP TELECOM, INC.


Dated: August 18, 2000

                                              By:/S/ Alexander Anderson
                                              Alexander Anderson, President


                                              By:/S/ Robert Hogarth
                                              Robert Hogarth, Vice President


                                              By: /S/ Antal Markus
                                              Antal Markus, Secretary