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


                                  FORM 10-QSBA1

                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                        For Quarter Ended: March 31, 2001

                         Commission File Number: 0-28031




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



                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   91-1921581
                                   ----------
                        (IRS Employer Identification No.)

                              #8-4106 Albert Street
                        Burnaby, British Columbia, Canada
                        ---------------------------------
                    (Address of principal executive offices)

                                     V5C 2E6
                                   (Zip Code)

                                 (604) 299-5003
                                 --------------
                           (Issuer's Telephone Number)


Check whether the issuer (1) 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 registrant 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 registrant's only class of common stock issued and
outstanding, as of June 12, 2001 was 23,250,000 shares.




<PAGE>



                                     PART I

ITEM 1. FINANCIAL STATEMENTS.

     Our unaudited  financial  statements for the three month period ended March
31, 2001, are attached hereto.

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

     The following  discussion  should be read in conjunction with the financial
statements and notes thereto included herein. In connection with, and because we
desire  to take  advantage  of,  the "safe  harbor"  provisions  of the  Private
Securities  Litigation  Reform Act of 1995, we caution readers regarding certain
forward  looking  statements in the following  discussion  and elsewhere in this
report and in any other  statement made by, or on our behalf,  whether or not in
future  filings with the  Securities and Exchange  Commission.  Forward  looking
statements are statements not based on historical  information  and which relate
to future  operations,  strategies,  financial  results  or other  developments.
Forward looking  statements are necessarily based upon estimates and assumptions
that are inherently  subject to significant  business,  economic and competitive
uncertainties and  contingencies,  many of which are beyond our control and many
of which,  with  respect to future  business  decisions,  are subject to change.
These  uncertainties and contingencies can affect actual results and could cause
actual results to differ  materially from those expressed in any forward looking
statements  made by, or on, our behalf.  We disclaim  any  obligation  to update
forward looking statements.

     We generated an aggregate of $781 in revenues during the three month period
ended March 31, 2001. In our management's view, these revenues are not material.
As  such,  we have  elected  to  present  a Plan  of  Operation,  rather  than a
comparison of results of operations.

Plan of Operation

     Our plan of  operation  is  subject to risks and  uncertainties,  including
future  economic,  competitive  and  market  conditions,  the cost of any future
governmental regulation of our activities and our need to raise additional funds
to satisfy anticipated cash needs over the next twelve (12) months, as discussed
below.

     We are in the early stages of operation and have just beginning to generate
business revenues.  Since June 30, 1999, we have generated nominal revenues from
the sale of on site advertising. We have spent approximately $60,500 on research
and development activities since commencement of our business plan.


                                        2

<PAGE>



     Our  twelve-month  plan of  operation  is to (i)  improve  the  quality and
quantity of content on its website in order to provide the best online directory
connecting listeners to stations worldwide, (ii) increase site traffic, and(iii)
develop  more  revenue-generating  programs.  We plan  to  improve  our  site by
developing a more dynamic  interface  and making the site easier to navigate and
more  graphically  exciting.  Our  plans are to  utilize  new  technologies  and
software  such as Flash  with  Vector  graphics  to improve  the  quality of the
website.  Our strategy is to enhance the product design while  increasing  brand
awareness and loyalty among our listeners.  However, this plan is subject to our
ability to raise additional  capital, as discussed below. As of the date of this
Report,  we have  been  unable  to raise  any  such  capital,  and as a  result,
implementation of our business plan is in jeopardy.

(A) CONTENT

     It is our intent to  continue  to add as many  stations  as possible to our
directory and to continue to add more contextual and specific information to our
website. As technology improves, we plan to provide more customized features and
a much more interactive  interface so that the website will have a user-friendly
design and a quick download time and will have cross-reference capabilities. The
site will provide users with more  information  on their searches such as better
station descriptions,  and will highlight special events, concerts and regularly
scheduled  features.  We  intend to  improve  our  website  so that it will also
provide a multiple of dynamic ways for  visitors to interact in the site.  These
developments are currently in progress and will be released on an ongoing basis,
subject to our ability to raise capital in order to allow us to develop.

     If sufficient  capital is raised,  we will attempt to hire employees as the
need arises and finances allow. Positions will include web programmers,  graphic
artists,    webmasters,    multimedia   designers,   web   writers,    marketing
representatives, sales representatives and administrators.

(B) SITE TRAFFIC

     Provided that we have sufficient  capital  available (of which there can be
no assurance),  we intend to launch an extensive sales and marketing campaign to
promote  our website in order to  increase  site  traffic,.  The  campaign  will
include  banner and audio  advertising  on the  Internet,  print ads in relevant
print  media and spot ads on radio  stations.  We hope to  participate  in trade
shows that have an Internet, technology and/or radio focus.

(C) REVENUE

     We will attempt to generate more revenue by (i) acquiring  exclusive rights
to radio personalities and content, and (ii)

                                        3

<PAGE>



putting  in  place  more  e-commerce  affiliations.  We  will  pursue  exclusive
arrangements  with radio stations to  rebroadcast  their content and endeavor to
make  arrangements  with various  radio  personalities  and shows and  recording
artists to broadcast their material on our site. We expect that this will create
exposure for the content  provider and a marketing  opportunity  for us to drive
traffic to the site.

     In the event sufficient  capital becomes  available to us on any reasonable
terms, our revenue generating programs include:

     -    Advertising - Musicvision,Inc. currently acts as an agent to place ads
          on our site; and

     -    AudioAds - beta site available for demonstration purposes, full launch
          delayed until adequate  financing  supports a full product launch,  to
          provide  a  turn-key  solution  for  businesses  to put audio on their
          websites. The final stage of beta testing is currently under way.

     We cannot  satisfy  our cash  requirements  for the next 12 months  without
having to raise additional funds. Our projected cash requirement for the next 12
months is a minimum of $180,000.  If we are able to raise  additional  cash,  we
expect our monthly user base to grow and advertising and e-commerce  revenues to
grow  in a  corresponding  manner.  However,  we have  not  been  able to  raise
necessary  funds and may not be able to raise the required  funds in the future.
In that case we will proceed by approaching  current  shareholders  for loans to
cover operating  costs.  There are no assurances that our  shareholders  will be
willing to continue to make loans to us in the future.

     We do not presently plan to purchase any plant or significant equipment. We
will  continue  with  our  research  or  development  by  conducting  continuous
perceptual  studies to  monitor  what  listeners  want from our  website  and by
continuing to explore various e- commerce models to ensure our store and website
continue to meet the listeners' needs.

LIQUIDITY AND CAPITAL RESOURCES

     As of March 31,  2001,  we had nominal cash  available,  as well as nominal
accounts  receivable.  We incurred a net loss from  operations of $53,444 ($0.01
per share),  compared to a net loss of  ($63,274)  during the three month period
ended March 31, 2000 ($0.01 per share),  primarily  from costs  associated  with
selling, general and administrative expenses.

     We have  various  outstanding  notes  payable.  Since  commencement  of our
business plan,  certain of our shareholders  have made loans to us. In the years
ended  December 31, 2000 and 1999,  these loans  totalled  $132,755 and $64,975,
respectively. These loans accrue

                                        4

<PAGE>



interest  at the rate of 9% per  annum and are due on June 30,  2001.  As of the
date  of  this  Report,  we are  discussing  these  loans  with  the  applicable
shareholders  relevant to the probability  that we will be unable to repay these
obligations  when they become due.  However,  as of the date of this Report,  no
definitive  amended terms have been agreed and there can be no  assurances  that
any agreement will be reached in this regard.

     Our  management  recognizes  that, in order to allow us the  opportunity to
obtain  profitable  operations  and  implement  our  business  plan,  it will be
necessary for us to raise  additional  equity  capital of at least $1.5 million.
Our management is in discussions  with investment  bankers and others to provide
or assist in providing that financing.  However,  as of the date of this Report,
we do not have any written commitments for this financing,  and no assurance can
be given that we will obtain any  additional  financing,  either debt or equity.
Failure to obtain additional capital will force management to reduce expense. If
this is not  successful,  it is doubtful  that we will be able to survive and we
will be forced to liquidate, or seek out another opportunity.

TRENDS

     During the past year, there has been a drastic reduction in the spending of
advertising  dollars  on the  Internet.  While this was  believed  to be a major
source of revenues,  we also realized that we must develop other revenue streams
in order to be cash flow positive. We developed and succeeded in closing several
strategic   partnerships   that,   if  fully   implemented,   would  have  added
significantly to our cash flow.  However,  due to the negative market perception
of the dotcom  business,  and the resulting drop of the price of our shares,  we
found it impossible to raise the necessary  capital to pursue these alliances to
the fullest extent.

     There are other  factors that will  continue to  challenge  the us, not the
least of which is the  pressure  being  applied  to  "brick  and  mortar"  radio
stations to pay performing rights royalties on their internet  broadcasts.  This
has  caused  the  largest  radio   station  owner  in  America,   Clear  Channel
Communications,  to eliminate  and/or  significantly  reduce the number of their
radio stations  streaming  their signals on the Internet,  thereby  reducing the
number and variety of U.S. stations our site visitors can access.

     Several of our  competitors  have  ceased  operations,  the  largest  being
BroadcastAmerica.com,  who closed their operation late in 2000. There is a trend
towards consolidation via business combinations,  however, the lack of available
funding is making this difficult as well. The  fully-built out companies such as
Yahoo,  Microsoft and AOL are now offering  internet radio  directories on their
websites  in an effort to keep  visitors  for a longer  period of time.  We view
these as our most serious competitors.

                                        5

<PAGE>




     We will continue to vigorously  pursue the funding required to continue and
to build-out  our business  model.  However,  as  disclosed  above,  to date our
efforts  in this  regard  have  not been  successful.  We have  been  approached
recently by third  parties who wish to  negotiate  a merger or  acquisition,  in
order to take advantage of our current status of a reporting,  trading  company.
If our ongoing efforts to raise capital continue to be unsuccessful, a merger or
acquisition  of assets from a third party may be the only  avenue  available  to
generate  liquidity  for our  shareholders.  As of the date of this  Report,  no
definitive agreement has been reached with any third party in this regard.

INFLATION

     Although  management  expects that our  operations  will be  influenced  by
general economic conditions once we commence generating revenues (of which there
can be no assurance),  we do not believe that inflation had a material effect on
the results of operations during the three month period ended March 31, 2001.

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS - None

ITEM 2. CHANGES IN SECURITIES - None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES - None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS -

     None

ITEM 5. OTHER INFORMATION - None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K -

     (a) Exhibits - NONE

     (b) Reports on Form 8-K

     No reports on Form 8-K were filed by us during the three month period ended
March 31, 2001.


                                        6

<PAGE>

                             RADIOTOWER.COM, INC.
                           FKA MAGNUM VENTURES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                                 March 31, 2001


                                     ASSETS

CURRENT ASSETS
  Cash                                                         $       77
  Accounts receivable
                                                                      193
                                                               ----------

                      Total current assets                            270
                                                               ----------

  PROPERTY AND EQUIPMENT,  net of
       accumulated depreciation of $816                             3,263
                                                               ----------

                                                               $    3,533
                                                               ==========



                    LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES
  Accounts payable                                             $   98,301
  Accrued wages                                                    50,597
  Loans payable - stockholders                                    221,063
                                                               ----------

                      Total current liabilities                   369,961
                                                               ----------


STOCKHOLDERS' (DEFICIT)
  Preferred stock, $0.01 par value,
     1,000,000 shares authorized, none outstanding                      -
  Common stock, $0.001 par value, 50,000,000
    shares authorized, 23,250,000 shares issued                    23,250
  Additional paid in capital                                      129,868
  Deficit accumulated during the development stage               (519,546)
                                                               ----------
                                                                 (366,428)
                                                               ----------

                                                               $    3,533
                                                               ==========


    The accompanying notes are an integral part of the financial statements.

                                        7

<PAGE>

<TABLE>


                              RADIOTOWER.COM, INC.
                            FKA MAGNUM VENTURES INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS

<CAPTION>
                                                                                  FOR THE PERIOD
                                                    Three months   Three months     MAY 5, 1998
                                                       ended           ended      (INCEPTION) TO
                                                   March 31, 2001  March 31,2000  March 31, 2001
                                                   --------------  -------------  --------------
<S>                                                <C>             <C>            <C>
REVENUE                                            $          781  $         597  $        5,644
                                                   --------------  -------------  --------------

COSTS AND EXPENSES
  Selling, general and administrative                      54,225         60,621         452,863
  Loss on impairment of assets                                  -              -          54,167
  Amortization                                                  -          3,250          11,645
  Loss on investment in mineral property                        -              -           5,000
                                                   --------------  -------------  --------------
                                                           54,225         63,871         523,675
                                                   --------------  -------------  --------------

OPERATING (LOSS)                                          (53,444)       (63,274)       (518,031)

OTHER INCOME (EXPENSE)
  Foreign currency transaction gain (loss)                      -              5            (168)
  Other                                                         -              -          (1,347)
                                                   --------------  -------------  --------------

NET (LOSS)                                                (53,444)       (63,269)       (519,546)
                                                   ==============  =============  ==============

PER SHARE INFORMATION

WEIGHTED AVERAGE SHARES OUTSTANDING -
        BASIC AND DILUTED                              23,250,000     13,533,333      23,250,000
                                                   ==============  =============  ==============

NET (LOSS) PER COMMON SHARE (BASIC AND DILUTED)    $        (0.01) $       (0.01) $        (0.02)
                                                   ==============  =============  ==============


    The accompanying notes are an integral part of the financial statements.

</TABLE>

                                        8

<PAGE>

<TABLE>


                              RADIOTOWER.COM, INC.
                            FKA MAGNUM VENTURES INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS

<CAPTION>
                                                      For the Period For the Period FOR THE PERIOD
                                                        Three months  Three months    MAY 5, 1998
                                                           ended         ended      (INCEPTION) TO
                                                       March 31,2001  March 31,2000  March 31,2001
                                                       -------------  -------------  -------------
<S>                                                    <C>            <C>            <C>
OPERATING ACTIVITIES
  Net (loss)                                           $     (53,444) $     (63,269) $    (519,546)
  Adjustments to reconcile net (loss) to net cash
    (used) in operating activities:
      Amortization                                                 -          3,250         11,645
      Interest expense converted to loan payable                   -              -            816
      Interest expense converted to loan payable                   -              -         12,684
      Loss on impairment of assets                                 -              -         54,167
      Loss on investment in mineral property                       -              -          5,000
      Issuance of stock for wages                                  -              -         11,000
  Changes in:
      Accounts receivable                                          -              -           (193)
      Increase in cash overdraft                                   -            145              -
      Accounts payable                                        42,411         15,005         98,301
      Accrued wages                                                -              -         50,597
                                                       -------------  -------------  -------------
Net cash (used in) operating activities                      (11,033)       (44,869)      (275,529)
                                                       -------------  -------------  -------------

INVESTING ACTIVITIES
  Purchase of fixed assets                                         -              -         (4,079)
  Organization costs                                               -              -           (812)
  Investment in mineral claims                                     -              -         (5,000)
                                                       -------------  -------------  -------------
      Net cash (used in) investing activities                      -              -         (9,891)
                                                       -------------  -------------  -------------

FINANCING ACTIVITIES
  Proceeds from loans payable - shareholders                  10,649         43,107        208,379
  Proceeds from related party advances                             -              -         15,000
  Proceeds from stock sales, net of issuance costs                 -              -         43,118
  Proceeds from stock subscriptions                                -              -         19,000
                                                       -------------  -------------  -------------
      Net cash provided by financing activities               10,649         43,107        285,497
                                                       -------------  -------------  -------------

           Net increase (decrease) in cash                      (384)        (1,762)            77

CASH AT BEGINNING OF YEAR                                        461          1,762              -
                                                       -------------  -------------  -------------
CASH AT END OF YEAR                                    $          77  $           -  $          77
                                                       =============  =============  =============


SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT
  NON-CASH FINANCING AND INVESTING ACTIVITIES

  Conversion of accrued interest into promissory notes $           -  $           -  $      12,684
  Issuance of stock for repayment of advances          $           -  $           -  $      15,000
  Issuance of stock for purchase of domain asset       $           -  $           -  $      65,000


    The accompanying notes are an integral part of the financial statements.

</TABLE>

                                        9

<PAGE>

                              RADIOTOWER.COM, INC.
                            FKA MAGNUM VENTURES INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


Note 1. BASIS OF PRESENTATION

The unaudited  condensed  financial  statements have been prepared in accordance
with generally accepted accounting principles for interim financial information.
They do not include all of the information  and footnotes  required by generally
accepted accounting principles for complete financial statements. In the opinion
of management, all adjustments, consisting only of normal recurring adjustments,
considered  necessary  for  a  fair  presentation  have  been  included  in  the
accompanying  unaudited financial  statements.  Operating results for the period
presented are not.


Note 2. NET LOSS PER SHARE

The net loss per share  amounts  are  based on the  weighted  average  number of
common  shares  outstanding  for the  period.  Potential  common  shares and the
computation  of diluted  earnings per share are not  considered  as their effect
would be anti-dilutive.


Note 3.  STOCKHOLDERS' (DEFICIT)

During the period May 5, 1998  (inception) to December 31, 1998 3,000,000 shares
of common  stock $0.001 par value were issued to various  investors  for cash of
$20,000 in a private  placement  pursuant to  Regulation  D, Rule 504.  Issuance
costs were $1,882.

During the period May 5, 1998 (inception) to December 31, 1998, 2,250,000 shares
of common  stock  $0.001 par value were  issued in  exchange  for  repayment  of
advances aggregating $15,000.

During the year ended December 31, 1999, 9,750,000 shares of common stock $0.001
par value were  issued in  consideration  for the domain  asset and domain  name
RadioTower.com.

During the year ended December 31, 1999, 3,750,000 shares of common stock $0.001
par value  were  issued to  various  investors  for cash of $25,000 in a private
placement pursuant to Regulation D, Rule 504.

During the year ended  December  31, 1999,  stock  subscriptions  for  2,850,000
shares of common stock were issued for cash of $19,000 pursuant to Regulation S.
These shares were issued during February 2000.

Also during 1999, stock  subscriptions for 1,650,000 shares of common stock were
issued in exchange  for payment of wages of $11,000  pursuant to  Regulation  S.
These shares were issued during February 2000.

                                       10
<PAGE>

                              RADIOTOWER.COM, INC.
                            FKA MAGNUM VENTURES INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS



In 2000, the Company  approved a 3:2 stock split of its common shares  effective
for  shareholders of record as of June 20, 2000. All share and per share amounts
have been retroactively restated to give effect to this split.


Note 4.  REVIEW OF REPORT BY INDEPENDENT AUDITOR

Effective March 15, 2000, the Securities and Exchange  Commission adopted a rule
requiring  that interim  auditor  reviews must be  undertaken  by all  companies
subject  to the  Section  12(g)  reporting  requirements  promulgated  under the
Securities  Exchange Act of 1934, as amended.  Our  independent  auditor has not
reviewed the interim financial statements included in this Report because we did
not have sufficient  funds available to pay for this service.  In the event they
do so in the future and such review results in any revisions be undertaken by us
to this Report, we will file an amendment accordingly.



                                       11
<PAGE>


                                   SIGNATURES


     Pursuant to the  requirements  of Section 12 of the Securities and Exchange
Act of 1934,  the  Registrant has duly caused this amendment to its report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                        RADIOTOWER.COM, INC.
                                        (Registrant)

                                        Dated:  June 13, 2001



                                        By:s/ Michael Levine
                                           --------------------------------
                                           Michael Levine,
                                           President, Secretary & Treasurer






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