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 March 31, 2005                                     
|                                                                                  
|[  ]                                                                               | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT                  
|For the transition period from _________________ to _________________             
|                                                                                  
|Commission file number 000-3317                                                   
|                                                                                   | Navitone Technologies, Inc.                                                      
|(formerly known as World Wide Web, Inc.)                                          
|(Exact name of small business issuer as specified in its charter)                 
|                                                                                   |                                                                                  
|                                                                                   |                                                                                  
|                                                                                   |                                                                                  
|                                                                                   |                                                                                  
|4850 W. Flamingo Road #22                                                         
|Las Vegas, Nevada 89103                                                           
|(Address of principal executive offices)                                          
|                                                                                  
|(702)-325-7700                                                                    
|(Issuer's telephone number)                                                       
|N/A                                                                               
|(Former name, former address and former fiscal year, if changed since last report)

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. Yes [  ] No [X]

Check whether the registrant filed all documents and reports required to be filed by Section l2, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [  ] No [  ]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: Common Stock, 15,543,392 shares issued and outstanding as of May 1, 2005.

Transitional Small Business Disclosure Format (Check one): Yes [  ] No [X]



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TABLE OF CONTENTS

|                                                                     | PAGE
|-------------------------------------------------------------------- | ----
|PART I - FINANCIAL INFORMATION                                       | 3   
|Item 1. Financial Statements.                                        | 3   
|Item 2. Management's Discussion and Plan of Operation.               | 19  
|Item 3. Controls and Procedures                                      | 27  
|PART II - OTHER INFORMATION                                          | 28  
|Item 1. Legal Proceedings.                                           | 28  
|Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. | 29  
|Item 3. Defaults Upon Senior Securities.                             | 29  
|Item 4. Submission of Matters to a Vote of Security Holders.         | 29  
|Item 5. Other Information.                                           | 30  
|Item 6. Exhibits and Reports on 8-K.                                 | 30  
|SIGNATURES                                                           | 31  







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PART I - FINANCIAL INFORMATION





Item 1. Financial Statements.









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|NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES
(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)
CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2005 AND DECEMBER 31,2004
|-----------------------------------------------------------------------------------------------------------------------------------------------------------
|ASSETS                                                                                                                                                     
|                                                                                                                                                           
|                                                                                                                                                           
|                                                                                                                                                           
|CURRENT ASSETS:                                                                                                                                            
|Cash                                                                                                                                                       
|Accounts receivables                                                                                                                                       
|Other receivables                                                                                                                                          
|Prepaid expenses                                                                                                                                           
|Due from related party                                                                                                                                     
|Total current assets                                                                                                                                       
|                                                                                                                                                           
|EQUIPMENT AND LEASEHOLD IMPROVEMENTS, net                                                                                                                  
|                                                                                                                                                           
|OTHER ASSETS:                                                                                                                                              
|Deposit                                                                                                                                                    
|Total other assets                                                                                                                                         
|                                                                                                                                                           
|Total assets                                                                                                                                               
|                                                                                                                                                           
|LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                       
|                                                                                                                                                           
|CURRENT LIABILITIES:                                                                                                                                       
|Accounts payable                                                                                                                                           
|Accrued liabilities                                                                                                                                        
|Payroll taxes payable                                                                                                                                      
|Total current liabilities                                                                                                                                  
|                                                                                                                                                           
|SHAREHOLDERS' EQUITY:                                                                                                                                      
|Preferred stock, $.001 par value, 25,000,000 shares                                                                                                        
|authorized, no shares issued and outstanding                                                                                                               
|Common stock, $.001 par value, 100,000,000 shares                                                                                                          
|authorized, 13,543,392 shares issued and outstanding                                                                                                       
|at March 31, 2005 and 12,889,592 shares issued and                                                                                                         
|outstanding at December 31, 2004                                                                                                                           
|Additional paid-in capital                                                                                                                                 
|Registered capital contribution receivable                                                                                                                 
|Retained earnings (deficit)                                                                                                                                
|Accumulated other comprehensive income                                                                                                                     
|Total shareholders' equity                                                                                                                                 
|Total liabilities and shareholders' equity                                                                                                                 



The accompanying notes are an integral part of this statement.





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|NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES
(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME
|----------------------------------------------------------------------------------------------------------------------------------------------------------
|FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004                                                                                                        
|                                                                                                                                                          
|                                                                                                                                                          
|                                                                                                                                                          
|                                                                                                                                                          
|REVENUES:                                                                                                                                                 
|                                                                                                                                                          
|SELLING, GENERAL AND                                                                                                                                      
|ADMINISTRATIVE EXPENSES                                                                                                                                   
|                                                                                                                                                          
|LOSS FROM OPERATIONS                                                                                                                                      
|                                                                                                                                                          
|OTHER INCOME (EXPENSE)                                                                                                                                    
|                                                                                                                                                          
|LOSS BEFORE PROVISION FOR INCOME TAX                                                                                                                      
|                                                                                                                                                          
|PROVISION FOR INCOME TAXES                                                                                                                                
|                                                                                                                                                          
|NET LOSS                                                                                                                                                  
|                                                                                                                                                          
|OTHER COMPREHENSIVE INCOME                                                                                                                                
|                                                                                                                                                          
|COMPREHENSIVE INCOME (LOSS)                                                                                                                               
|                                                                                                                                                          
|Weighted average number of shares outstanding                                                                                                             
|                                                                                                                                                          
|Earnings per share, basic and diluted                                                                                                                     
|                                                                                                                                                          



The accompanying notes are an integral part of this statement.



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|NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES
(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                        
|                                                                                                                                                                                        
|BALANCE, December 31, 2003, audited                                                                                                                                                     
|Net (loss)                                                                                                                                                                              
|BALANCE, March 31, 2004, unaudited                                                                                                                                                      
|                                                                                                                                                                                        
|Shares issued for cash                                                                                                                                                                  
|Shares issued for services                                                                                                                                                              
|August 16, 2004, shares issued in                                                                                                                                                       
|connection with acquisition of                                                                                                                                                          
|CITYCAPS                                                                                                                                                                                
|Less shares held by CITYCAPS                                                                                                                                                            
|Additional registered capital CITYCAPS                                                                                                                                                  
|Contributed capital receivable                                                                                                                                                          
|Registered Capital SHANGHAI NAVITONE                                                                                                                                                    
|Investment elimination                                                                                                                                                                  
|Foreign currency translation adjustments                                                                                                                                                
|Net (loss)                                                                                                                                                                              
|BALANCE, December 31, 2004, audited                                                                                                                                                     
|                                                                                                                                                                                        
|Shares issued for cash                                                                                                                                                                  
|Shares issued for services                                                                                                                                                              
|Contributed capital receivable                                                                                                                                                          
|Foreign currency translation adjustments                                                                                                                                                
|Net (loss)                                                                                                                                                                              
|BALANCE, March 31, 2005, unaudited                                                                                                                                                      



The accompanying notes are an integral part of this statement.



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|NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES
(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                              
|                                                                                                                                                                              
|CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                         
|Net loss                                                                                                                                                                      
|Adjustments to reconcile net loss to cash provided by                                                                                                                         
|(used in) operating activities:                                                                                                                                               
|Shares issued for services                                                                                                                                                    
|Depreciation                                                                                                                                                                  
|(Increase) decrease in assets:                                                                                                                                                
|Accounts receivable                                                                                                                                                           
|Other receivable                                                                                                                                                              
|Prepaid expenses                                                                                                                                                              
|Increase (decrease) in liabilities:                                                                                                                                           
|Accounts payable                                                                                                                                                              
|Accrued liabilities                                                                                                                                                           
|Payroll taxes payable                                                                                                                                                         
|                                                                                                                                                                              
|                                                                                                                                                                              
|CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                                                                         
|Purchase of equipment                                                                                                                                                         
|                                                                                                                                                                              
|                                                                                                                                                                              
|CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                                                                         
|Issuance of common stock for cash                                                                                                                                             
|Payment to notes payable - related party                                                                                                                                      
|Increase in accrued interest payable - related party                                                                                                                          
|                                                                                                                                                                              
|                                                                                                                                                                              
|EFFECT OF EXCHANGE RATE CHANGES ON CASH                                                                                                                                       
|                                                                                                                                                                              
|DECREASE IN CASH                                                                                                                                                              
|                                                                                                                                                                              
|CASH, beginning of period                                                                                                                                                     
|                                                                                                                                                                              
|CASH, end of period                                                                                                                                                           



The accompanying notes are an integral part of this statement.



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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 1
- History and organization



Background



On December 25, 2004 Navitone Technologies, Inc. (the Company) formally changed its name from World Wide Web, Inc. to Navitone Technologies, Inc. and Citycaps Information Technology Co., Ltd. to Navitone Technologies China, Inc.



The following is a description of the entities referred to in the footnotes:



Navitone Technologies, Inc., (formerly named World Wide Web, Inc.) referred to as the
"Company" or "NVTN" - parent company, a Nevada corporation.



Navitone Technologies China (formerly CITYCAPS Information Technology Co., Ltd) referred to as
"NAVITONE CHINA" - wholly owned subsidiary located in the People's Republic of China (referred to as
"PRC")



Navitone (Shanghai) Information Technology Co., Ltd referred to as
"SHANGHAI NAVITONE" - variable interest entity located in the People's Republic of China.



On August 16, 2004, NVTN and the shareholders of NAVITONE CHINA entered into an Acquisition Agreement (the
"Agreement") where NVTN acquired a 100% interest in NAVITONE CHINA and NAVITONE CHINA became a wholly owned subsidiary of NVTN.  Pursuant to the Agreement, NVTN agreed to issue 8,000,000 restricted shares of common stock to shareholders of NAVITONE CHINA and 2,000,000 restricted shares of common stock to NAVITONE CHINA as consideration for 100% equity ownership and control.



NVTN was organized on November 2, 1999 under the laws of the State of Nevada. On September 15, 2003, the Company increased its authorized capital to 100,000,000 shares of its $0.001 par value common stock and 25,000,000 shares of its $0.001 par value preferred stock.



In 2002, the Company changed its business plan from product sales over the internet to real estate sales and rental income. In 2003, the Company changed its business plan from real estate sales and rental income to logistics and asset tracking for mobile assets.



NAVITONE CHINA was established in Shanghai, PRC by foreign individuals as a wholly owned foreign enterprise (WFOE) on December 16, 2003. NAVITONE CHINA is classified as a Foreign Invested Enterprise (FIE) in the PRC and is subject to the FIE laws of the PRC.  NAVITONE CHINA is a Chinese registered limited liability company with a legal structure similar to a regular corporation and a limited liability company organized under state laws in the United States of America.  The Articles of Association provides for a 20 year term with registered capital of RMB 2,820,191 or approximately $341,000.



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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 1
- History and organization (continued)



In September 2004, NAVITONE CHINA increased its registered capital to $ 500,000



Business structure



NVTN through its wholly owned subsidiary NAVITONE CHINA, principally engages in wireless value-added consumer service in China.



NAVITONE CHINA operates two business divisions, (1) the wireless data communication business and (2) the wireless value-added consumer service. The wireless value-added consumer service is conducted through its variable interest entity, for which the Company is the primary beneficiary, SHANGHAI NAVITONE.



SHANGHAI NAVITONE is considered a variable interest entity under FASB Interpretation number 46(R),
"Consolidation of Variable Interest Entities", which requires consolidation of business enterprises of variable interest entities which meet certain characteristics.  SHANGHAI NAVITONE was established on April 2, 2004 and NAVITONE CHINA is the primary beneficiary of SHANGHAI NAVITONE business operations and qualifies to be consolidated under FIN 46(R).



The accompanying consolidated financial statements include the results of operations of the Company and the variable interest entity, SHANGHAI NAVITONE.



Nature of operations



NAVITONE CHINA principally engages in software development, providing software licenses and wireless value-added services in mobile resource management, logistics applications, and asset tracking and monitoring using a wireless communication network. In addition, NAVITONE CHINA integrates mobile technology, wireless data communication, GIS (Geography Information System) technology, and internet support to provide customers with all levels of complete, accurate end-to-end mobile management services and logistic solutions.



The business in which the Company is engaged is subject to a number of industry-specific risk factors, including, but not limited to, dependence on mobile network operators, rapid development of the market, large number of competitors, and evolving regulatory environment.



In order to comply with laws and regulations in the PRC that prohibit or restrict foreign ownership of companies that provide value-added telecommunications services, NAVITONE CHINA has established SHANGHAI NAVITONE which is legally owned by two Chinese citizens who are the mother and brother of Mr. Xinnong Yang, CEO of NAVITONE CHINA.  NAVITONE CHINA will be conducting substantially all of its future business operations



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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 1
- History and organization (continued)



through SHANGHAI NAVITONE. NAVITONE CHINA does not hold any direct ownership interest in SHANGHAI NAVITONE. SHANGHAI NAVITONE was established in Shanghai, People's Republic of China as a Chinese limited liability company on April 2, 2004.



The arrangements with the shareholders of SHANGHAI NAVITONE have been undertaken solely to satisfy PRC regulations, which prohibit foreign companies from owning or operating telecommunications businesses in the PRC.



PRC regulations currently restrict the Company from holding equity interests in telecommunication services providers such as SHANGHAI NAVITONE.



On August 9, 2004, SHANGHAI NAVITONE entered into an agreement with China Unicom Co., Ltd. to provide value-added mobile communication services to customers of China Unicom Co., Ltd.  This agreement expired on March 31, 2005. On March 31, 2005, this agreement was renewed.



In order to service the customers of China Unicom Co., Ltd., SHANGHAI NAVITONE and NAVITONE CHINA have entered into various operating agreements including trademark, domain name and software license agreements and exclusive technical consulting and services agreements, where SHANGHAI NAVITONE has the exclusive right to use certain domain names and registered trademarks owned by the Company, and the Company is the exclusive provider of technical and other services to SHANGHAI NAVITONE.



In return, SHANGHAI NAVITONE is required to pay the Company licensing and service fees for the use of each domain name, trademark and technical and consulting service received. The technical and consulting service fees can be, and are, adjusted at the Company's discretion depending on the quantity and level of services provided. These operating agreements further provide that the Company will guarantee SHANGHAI NAVITONE's performance on third party contracts and agreements entered into by SHANGHAI NAVITONE in the normal course of business. The agreements also restrict the ability of SHANGHAI NAVITONE to conduct any transactions that may materially affect their assets, obligations, rights, or operations without the consent of the Company. These transactions would include the sale of assets, incurrence of debt or guarantees, declaration of dividends, or assignments of rights.



In addition, the Company has extended interest-free loans to the shareholders of SHANGHAI NAVITONE to finance their investments in SHANGHAI NAVITONE ($121,065 as of December 31, 2004). Since the Company consolidates SHANGHAI NAVITONE activities into the financial statements, the loans to the shareholders are treated as an investment in SHANGHAI NAVITONE and these amounts are eliminated in the consolidation.



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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 2 - Summary of significant accounting policies



Basis of presentation



The Company's consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America. All transactions and balances between the Group's businesses have been eliminated upon consolidation.



The consolidated financial statements include the financial statements of the Company and its subsidiary, NAVITONE CHINA and its variable interest entity, SHANGHAI NAVITONE.



In December 2003, the Financial Accounting Standards Board (FASB) issued Interpretation No. 46(R), Consolidation of Variable Interest Entities, an Interpretation of ARB No. 51(FIN No. 46(R)), which requires the consolidation of certain variable interest entities.  FIN No. 46(R) is effective for all nonpublic entities immediately to variable interest entities or potential variable interest entities created after December 31, 2003.  The Company has elected to apply FIN 46(R) and consolidate its variable interest entity since its inception.



Foreign currency translation



The reporting currency of the Company is the US dollar.  The Company uses the local currency, Renminbi, as its functional currency.  Results of operations and cash flow are translated at average exchange rates during the period, and assets and liabilities are translated at the end of period exchange rates.  Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of shareholders' equity.



Revenue recognition



The Company recognizes revenue for providing software license and services based on Statement of Position ("SOP") 97-2, "Software Revenue Recognition," as amended and modified by SOP 98-9, "Modification of SOP 97-2, Software Revenue Recognition, With Respect to Certain Transactions." SOP 98-9 modified SOP 97-2 by requiring revenue to be recognized using the "residual method" if certain conditions are met.  Revenues are recognized based on the residual method when an agreement has been signed by both parties, the fees are fixed or determinable, collection of the fees is probable, and delivery of the service has occurred and no other significant obligations remain.



The majority of the Company's future revenues will be derived from wireless value-added services provided to the users of China Unicom's mobile communication network.  The Company contracts with the mobile operators for the transmission of these wireless services as well as for billing and collection services. The Company measures its revenues based on the total



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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 2 - Summary of significant accounting policies (continued)



amount paid by its customers for services rendered, for which the mobile operators will bill and collect on the Company's behalf.



For these billing and collection services, the mobile operators retain a fixed percentage fee, which is reflected as a cost of services in the financial statements. The Company has assessed its relationship with the mobile operators and the terms of the fee arrangement under Emerging Issue Task Force Issue No 99-19, and has concluded that reporting the gross amounts billed to its customers are appropriate.



Use of estimates



The preparation of financial statements in conformity with generally accepted accounting principles of the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes.  Management believes that the estimates utilized in preparing its financial statements are reasonable and prudent.  Actual results could differ from these estimates.



Cash and concentration of risk



Cash includes cash on hand and demand deposits in accounts maintained with state-owned banks within the People's Republic of China and the United States of America.  The Company maintains balances in financial institutions in the United States of America which from time to time may exceed Federal Deposit Insurance Corporation insured limits.  At March 31, 2005, the Company had approximately $74,000 in banks in the United States, which were fully covered by the insurance. At December 31, 2004, the Company had approximately $73,000 of deposits that exceed federal insured limits.  Total cash in state-owned banks in the PRC at March 31, 2005 and December 31, 2004 amounted to $83,371 and $73,161, respectively, of which no deposits are covered by insurance. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in bank accounts.



Credit risk



The Company will depend on the billing system of mobile operators to charge the mobile phone users through mobile phone bills and collect payments from users. The Company generally will not require collateral for its accounts receivable.



Financial instruments



Statement of Financial Accounting Standards No. 107 ("SFAS 107"),
"Disclosures About Fair Value of Financial Instruments" requires disclosure of the fair value of financial instruments held



12





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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 2 - Summary of significant accounting policies (continued)



by the Company.  SFAS 107 defines the fair value of financial instruments as the amount at which the instrument could be exchanged in a current transaction between willing parties.



The carrying amount of accounts receivable, accounts payable, and other items included on the accompanying balance sheets approximate their fair value due to their short-term nature.



Income taxes



The Company has adopted Statement of Financial Accounting Standards No. 109,
"Accounting for Income Taxes" (SFAS 109).  SFAS 109 requires the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between income tax basis and financial reporting basis of assets and liabilities.  Provision for income taxes consist of taxes currently due plus deferred taxes.  There are no deferred taxes at March 31, 2005 and 2004.



The charge for taxation is based on the results for the year as adjusted for items, which are non-assessable or disallowed.  It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.



Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax basis used in the computation of assessable tax profit.  In principle, deferred tax liabilities are recognized for all taxable temporary differences, and deferred tax assets are recognized to the extent that it is probably that taxable profit will be available against which deductible temporary differences can be utilized.



Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realized or the liability is settles.  Deferred tax is charges or credited in the income statement, except when it related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity.



Deferred tax assets and liabilities are offset when they related to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.





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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 2 - Summary of significant accounting policies (continued)



The Company's subsidiary and variable interest entity are governed by the Income Tax Law of the People's Republic of China (PRC) concerning Foreign Investment Enterprises and Foreign Enterprises and various local income tax laws (the Income Tax Laws).  Under the Income Tax Laws, foreign investment enterprises (FIE) generally are subject to an income tax at an effective rate of 33% (30% state income taxes plus 3% local income taxes) on income as reported in their
statutory financial statements after appropriate tax adjustments unless the enterprise is located in specially designated regions of cities for which more favorable effective tax rates apply.  As Navitone has reported net losses since the inception, the Company is not required to pay income taxes. Starting in the first year of generating net income, NAVITONE CHINA will be entitled to a preferential income tax rate of 15% as it is registered in Pudong New District, Shanghai, pursuant to a local practice.



The Company's variable interest entity, SHANGHAI NAVITONE is not subject to income tax but is subject to a 4% tax on revenue, as defined for tax purposes. Such amounts are accrued for as a reduction to revenues.



The Company is also subject to business taxes of 5% on the provision of taxable services, which includes services provided to customers and in certain instances to the variable interest entity. All business taxes paid are accrued for as a reduction of revenues.



No provision for income taxes has been provided for as the Company has incurred losses since inception.



Product development expenses



Product development expenses consist primarily of compensation and related costs for employees associated with the development and programming of software products.



The Company accounts for product development costs under SOP 98-1,
"Accounting for the Costs of Computer Software Developed or Obtained for Internal Use," and would capitalize, if criteria under SOP 98-1 were met, material direct costs of materials and services consumed in development or obtaining internal-use computer software during the application development stage, cost incurred in the enhancement of the Company's existing products and services are charged to product development expense as incurred.  To date, no costs have met the criteria for capitalization and hence none have been capitalized.





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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 3
- Consolidated financial statements and condensed footnotes



The interim consolidated financial statements presented herein have been prepared by the Company and include the unaudited accounts of the Company and its subsidiaries. All significant

inter-company accounts and transactions have been eliminated in the consolidation.



These consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information and the instructions for Form 10-Q and Article 10 of Regulation S-X.  Certain information and footnote disclosures that are normally included in financial statements presented in accordance with generally accepted accounting principles have been condensed or omitted.  Management of the Company believes the disclosures made are adequate to make the information presented not misleading.  The condensed consolidated financial statements should be read in conjunction with Navitone Technologies, Inc. audited financial statements included in Form 10-KSB filed March 31, 2005.



In the opinion of management, the unaudited consolidated financial statements reflect all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position of the Company as of March 31, 2005 and the results of operations, changes in shareholders' equity and cash flows for the three months ended March 31, 2005 and 2004.  Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations.



Note 4
- Related party transactions



Various administrative services are provided to the Company without charge by one of our officers and shareholders.  The cost for these services is not material to the financial statements of the Company and, accordingly, have not been reflected in the financial statements.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities.  If other business opportunities become available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.



The receivable of $8,257 is due from Xinnong Yang, CEO of NAVITONE CHINA. This money was deposited in the CEO's personal bank account in the United States to be used for the payments of expenses incurred in the United States as NAVITONE CHINA does not have any US bank accounts opened at this time.





15





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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 5
- Supplemental disclosure of cash flow information



No interest or income tax payments were made for the three months ended March 31, 2005 and 2004.



A total of 233,800 shares valued at $74,240 were issued for services performed by shareholders and officers during the three months ended March 31, 2005.



Note 6 - Earnings per share



The Company adopted Statement of Financial Accounting Standards No. 128,
"Earnings Per Share" (SFAS 128).  SFAS 128 requires the presentation of earnings per share (EPS) as Basic EPS and Diluted EPS.  There are no differences between Basic and Diluted EPS for the three months ended March 31, 2005 and 2004.



The weighted average number of shares used to calculate EPS for the three months ended March 31, 2005 (13,286,422) and 2004 (3,253,201) reflect only the shares outstanding for those periods.



According to Emerging Issues Task Force Abstracts (FEI) 98-2 and Accounting Research Bulletins (ARP) 51, Par. 13, (Elimination of Intercompany Investments), shares of the Parent held by a subsidiary should not be treated as outstanding stock in the consolidated balance sheet of the parent. The 2,000,000 shares of NVTN held by NAVITONE CHINA were not included in the computation of the weighted average number of shares for the three months ended March 31, 2005.



Note 7 - Accrued executive compensation



On January 2, 2003, the Company entered into an employment agreement with Xinnong Yang, president and chief executive officer of Navitone China, for a term of two years with a base salary of $64,970 per year.  On August 15, 2004, the Company's board approved Mr. Yang's annual salary to be increased to $100,000 per year paid at 50% per month starting August 16, 2004 and 50% to be paid retroactively once the funds are available.  The president is eligible for incentive bonuses based on the profitability of the Company at a minimum of 10% of annual salary and a maximum of 100% of annual salary.  The president also received a car allowance of $500 per month. As of March 31, 2005 and December 31, 2004, the Company owes the president $31,250 and $18,750, respectively, in wages, which is reflected in accrued liabilities.  Starting September 30, 2004, Mr. Yang received no additional accrued compensation or car allowance from the Company.





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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 7 - Accrued executive compensation (continued)



On August 15, 2004, the Company entered into an employment agreement with its chief executive officer, Michael L. Zuliani, for $60,000 per year plus 50,000 shares of stock per year.  The annual salary will accrue until the board finds it has the appropriate funds to retire this debt.  As of March 31, 2005 and December 31, 2004, the Company owes Mr. Zuliani salary of $37,500 and $22,500, respectively, which is reflected in accrued liabilities.



On August 15, 2004, the Company entered into an employment agreement with its director and treasurer, Henry Liou, for $60,000 per year plus 50,000 shares of stock per year.  The annual salary will accrue until the board finds it has appropriate funds to retire this debt.  As of March 31, 2005 and December 31, 2004, the Company owes Mr. Liou $37,500 and $22,500 in salary, which is reflected in accrued liabilities.



In addition to the salaries owed to the officers of the Company, the balance in the accrued liabilities at March 31, 2005 and December 31, 2004 also included $61,213 consulting fee due to Herb Sider Consulting, a shareholder of the Company.



Note 8- Acquisition



On July 15, 2004, the Company entered into a Memorandum of Understanding (MOU) with NAVITONE CHINA.  According to the terms of the MOU, the Company agreed to issue 8,000,000 shares of its $0.001 par value restricted common stock in exchange for 100% of CCIT.  As a result of the share exchange, NAVITONE CHINA became a wholly owned subsidiary of the Company.



The 8,000,000 shares of the Company's $0.001 par value restricted common stock will be distributed on a pro-rata basis to the shareholders of NAVITONE CHINA.  Two officers and directors of the Company owned approximately 36% of NAVITONE CHINA.  In addition, NAVITONE CHINA will receive an additional 2,000,000 shares of the Company's $0.001 par value restricted common stock which will remain with NAVITONE CHINA without subsequent distribution.









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NAVITONE TECHNOLOGIES, INC. AND SUBSIDIARIES

(FORMERLY KNOWN AS WORLD WIDE WEB, INC.)



CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



Note 9
- Shareholders' equity/registered capital



NAVITONE CHINA'S approved registered capital is approximately $500,000 and SHANGHAI NAVITONE's registered capital is approximately $121,000.  As of March 31, 2005, the Company's registered capital consisted of the following:



|                            |                    |   |         | NAVITONE     |         | NAVITONE |         | SHANGHAI |           |          
|--------------------------- | ------------------ | - | ------- | ------------ | ------- | -------- | ------- | -------- | --------- | ---------
|                            |                    |   |         | TECHNOLOGIES |         | CHINA    |         | NAVITONE |           | TOTALS   
|Total shareholders' equity/ |                    |   |         |              |         |          |         |         
|                            | registered capital | $ | 623,866 | $            | 500,000 | $        | 121,000 | $        | 1,244,866
|                            | Totals             |   | $       | 623,866      | $       | 500,000  | $       | 121,000  | $         | 1,244,866





On February 17, 2004, the Company effectuated a 1-for-2 reverse stock split for all shareholders as of that date.  All share and per share amounts have been retroactively restated to reflect the 1-for-2 reverse stock split.



The Company is authorized to issue 100,000,000 shares of $0.001 par value common stock and 25,000,000 shares of $0.001 par value preferred stock.

Between August 27, 2004 and December 31, 2004 the Company issued a total of 1,455,000 restricted shares of its common stock in a private offering believed to be exempt from registration with the Securities and Exchange Commission.  The offering consisted of units of 15,000 shares of common stock and a warrant entitling the unit holder to subsequently purchase an additional 5,000 shares of common stock.  The purchase price for each unit amounted to $6,000 and a total of $582,000 of cash proceeds were collected during this period.



The warrant entitles the unit holder the right to purchase 5,000 additional shares of common stock of the Company and will expire on August 30, 2006.  The exercise price for the purchase of the additional shares will be $1.00 per share of common stock for exercising all or part of the warrant.



As of March 31, 2005, a total of fifty shareholders holding 134 warrants entitling the holders of the warrants to 670,000 shares of common stock and as of March 31, 2005 none of these warrants have been exercised.



During the first quarter of 2005, the Company issued 653,800 shares of common stock, in which 420,000 shares were issued for cash amounted to $168,065 and 233,800 shares were issued at approximately $0.32 per share in the amount of $74,240 to compensate for services performed by shareholders and officers.



As of March 31, 2005, the Company has 15,543,392 shares of common stock issued and outstanding including the 2,000,000 shares issued to our subsidiary, NAVITONE CHINA.





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

The following discussion of our financial condition and results of operations should be read in conjunction with the consolidated financial statements and related notes thereto.  The following discussion contains forward-looking statements. We may refer to the Company or NAVITONE herein as "we" or "our." The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements". Such statements include those concerning expected financial performance, corporate strategy, and operational plans.  Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) general economic conditions in China; (b) regulatory factors in China that may lead to additional costs or otherwise negatively affect our business; (c) whether we are able to manage our planned growth efficiently, including whether our management will be able to: (i) identify, hire, train, retain, motivate and manage required personnel or (ii) successfully manage and exploit existing and potential market opportunities; (d) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations; (e) whether we are able to successfully fulfill our primary cash requirements which are explained below under
"Liquidity and Capital Resources"; (f) whether there will be continuing negative economic effects upon China; and (g) whether worldwide economic conditions will negatively affect industries in China and our revenues.  Statements made herein are as of the date of the filing of this Form 10-Q with the Securities and Exchange Commission and should not be relied upon as of any subsequent date.  Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

Management's Discussion

A.

Management's Discussion

Overview

Navitone Technologies, Inc., formerly named World Wide Web, Inc., is a Nevada corporation, organized on November 2, 1999.  Navitone Technologies China Co., Ltd ("Navitone China", formerly CITYCAPS), is a Chinese limited liability company and a wholly owned subsidiary of Navitone.

We operate two business divisions, (1) wireless data communications services and (2) wireless value-added consumer service. The wireless value-added consumer service is conducted through a variable interest entity, which we refer to as "SHANGHAI NAVITONE."  We are required to include SHANGHAI NAVITONE'S financial results in our consolidated financial statements.

We principally engage in software development, providing software licenses and wireless value-added services in mobile resource management, logistics applications, and asset tracking and monitoring using a wireless communication network. In addition, we offer integrated mobile technology, wireless data communication, GIS technology, and Internet support so as to provide customers with all levels of complete, accurate end-to-end mobile management services and logistic solutions.

Our principal operations are conducted in China from our offices in Shanghai.  We strive to become the leading provider of Mobile Resource Management ("MRM") services within mainland China.  Working with various wireless carriers, we offer a series of mobile management services for mobile professionals over the Internet and wireless networks using different mobile devices including GPS-enabled mobile phones, Smartphones and PDAs.



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With a broad range of software products, we are focused on software development in location based applications as well as providing software licenses and services in MRM, logistics applications, and asset tracking and monitoring using a wireless communication network.  As a software solution provider, we integrate state-of-the-art mobile technology, wireless data communication, Geography Information System ("GIS") technology, and powerful Internet support to provide customers with all levels of complete, accurate end-to-end mobile management services and logistic solutions that enable them to better manage their resources and assets.



We offer a line of mobile management services and location based applications. Backed by powerful location-based service ("LBS") servers and intelligent XML open customer platforms, our mobile services and solutions provide enterprises and mobile professionals with highly scaled, intelligent management tools and allows industries to manage their resources in a brand new way.  Based on Qualcomm's CDMA 1X and new GPS ONE technologies, our MRM software has given customers more efficient and cost effective ways to communicate, locate and manage their mobile resources and assets.



MRM offers effective tools for businesses to manage their mobile personnel, plan mobile resources, and collect mobile information.  MRM is based on wireless, Internet, and LBS technology.  The system includes a powerful web-based application, with the client running on regular cell phones which support either WAP (wireless application protocol) or BREW (binary runtime environment for wireless).  Backed by our core location technology, the system can help management record, trace, and review the daily activities of a company's mobile resources, and off-site personnel. Users can also use the system to plan an optimal client call and to manage a customer's information. Off-site personnel can also access the client company's database, view their trip planning and report client call information and location via a secured wireless network.  Typically, a logistics company can easily locate and manage their delivery vehicles in real time. Service companies may use the system to dispatch their service personnel for urgent services.  Companies can also monitor and manage their sales force in a more efficient and reliable way.

Discussion



In order to comply with laws and regulations in the People's Republic of China ("PRC" or
"China") that prohibit or restrict foreign ownership of companies that provide value-added telecommunications services, we have established SHANGHAI NAVITONE, a Chinese limited liability company formed on April 12, 2004.  SHANGHAI NAVITONE is owned by two Chinese citizens who are the mother and sibling of Mr. Xinnong Yang, CEO of our subsidiary, Navitone China.  Navitone China conducts substantially all of its business operations through SHANGHAI NAVITONE.  Neither Navitone nor Navitone China holds any direct ownership interest in SHANGHAI NAVITONE.  SHANGHAI NAVITONE is a variable interest entity and we are required to include its financial results in our consolidated financial statements.



On August 9, 2004, SHANGHAI NAVITONE entered into an agreement with China Unicom to provide value-added mobile communication services to customers of China Unicom. This agreement expired on March 31, 2005 and was renewed for another year.  In order to service the customers of China Unicom, SHANGHAI NAVITONE and NavitoneChina have entered into various operating agreements including trademark, domain name and software licensing agreements and exclusive technical consulting and services agreements, where SHANGHAI NAVITONE has the exclusive right to use certain domain names and registered trademarks owned by Navitone China, which is the exclusive provider of technical and other services to SHANGHAI NAVITONE.



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In return, SHANGHAI NAVITONE is required to pay Navitone China licensing and service fees for the use of each domain name, trademark and technical and consulting service received.  The technical and consulting service fees can be, and are, adjusted at the discretion of Navitone China depending on the quantity and level of services provided.  These operating agreements further provide that Navitone China will guarantee SHANGHAI NAVITONE's performance on third party contracts and agreements entered into by SHANGHAI NAVITONE in the normal course of business.  The agreements also restrict the ability of SHANGHAI NAVITONE to conduct any transactions that may materially affect their assets, obligations, rights, or operations without the consent of Navitone China.  Such transactions would include the sale of assets, incurrence of debt or guarantees, declaration of dividends, or assignments of rights.

We expect to derive much of our revenue from wireless value-added services provided to the users of China Unicom's mobile communication network. We contract with the mobile operators for the transmission of these wireless services as well as for billing and collection services. We measure our revenues based on the total amount paid by our customers for services rendered.  Mobile operators, such as China Unicom, will bill and collect money owed to us for the use of our services.



For these billing and collection services, the mobile operators retain a fixed percentage fee, which is reflected as a cost of service in our financial statements.  We have assessed our relationship with the mobile operators and the terms of the fee arrangement under Emerging Issue Task Force Issue No. 99-19, and have concluded that reporting the gross amounts billed to our customers is appropriate.



At present we have approximately 75 employees.  Over the course of the past two (2) years, our subsidiary's operations consisted primarily of various start-up activities relating to our current business, including development of GPS technologies, recruiting personnel and raising capital. We have not recognized substantive revenues to date, and our expenses consist of research and development, sales and marketing and general and administrative expenses.

To date, we have not sold our services outside of China.  That market is the core focus of our business.  We may endeavor to expand our service offerings to additional countries in the future. We have only one direct customer, China Unicom.  They have contracted with us for our products and services and they resell these products and services to their customers.  No other customers comprised 10% or more of total revenues in 2004.

Our operating subsidiary, Navitone China, has invested substantially in research and development, marketing, the building of our sales channels and our overall infrastructure. We anticipate that such investments may increase in the future.

Critical Accounting Policies

Financial Reporting Release No. 60, which was released by the SEC in January 2002, requires all companies to include a discussion of critical accounting policies or methods used in the preparation of financial statements. Included in Note 2 of the Notes to the Consolidated Financial Statements, included in this Report on Form 10-KSB, is a summary of the significant accounting policies and methods we use. The following is a discussion of the more significant of these policies and methods.



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The consolidated financial statements include the financial statements of Navitone, its subsidiary, Navitone China and its variable interest entity, SHANGHAI NAVITONE.  In December 2003, the Financial Accounting Standards Board (FASB) issued Interpretation No. 46(R), Consolidation of Variable Interest Entities, an Interpretation of ARB No. 51 (FIN No. 46(R)), which requires the consolidation of certain variable interest entities.  FIN No. 46(R) is effective for all nonpublic entities immediately to variable interest entities or potential variable interest entities created after December 31, 2003.  We have elected to apply FIN 46(R) and consolidate our variable interest entity since its inception.

We recognize revenue for providing software license and services based on Statement of Position ("SOP") 97-2, "Software Revenue Recognition," as amended and modified by SOP 98-9, "Modification of SOP 97-2, Software Revenue Recognition, With Respect to Certain Transactions." SOP 98-9 modified SOP 97-2 by requiring revenue to be recognized using the "residual method" if certain conditions are met.  Revenues are recognized based on the residual method when an agreement has been signed by both parties, the fees are fixed or determinable, collection of the fees is probable, and delivery of the service has occurred and no other significant obligations remain.

Foreign Currency Translation

Our reporting currency is the U.S. dollar.  Our subsidiary, Navitone China, uses China's local currency, the renminbi, as its functional currency.  Results of operations and cash flow are translated at average exchange rates during the period, and assets and liabilities are translated at the end of period exchange rates.  Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of stockholders' equity.

Income Taxes

We have adopted Statement of Financial Accounting Standards No. 109,
"Accounting for Income Taxes" (SFAS 109).  SFAS 109 requires the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between income tax basis and financial reporting basis of assets and liabilities.  Provision for income taxes consists of taxes currently due plus deferred taxes.  There are no deferred taxes as of March 31, 2005.

The charge for taxation is based on the results for the year as adjusted for items that are non-assessable or disallowed.  It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax basis used in the computation of assessable tax profit.  In principle, deferred tax liabilities are recognized for all taxable temporary differences, and deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized.

Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled.  Deferred tax is charged or credited in the income statement, except when it relates to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity.





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Deferred tax assets and liabilities are offset when they relate to income taxes levied by the same taxation authority and we intend to settle our current tax assets and liabilities on a net basis.

Our subsidiary and variable interest entity are governed by the Income Tax Law of the PRC concerning Foreign Investment Enterprises and Foreign Enterprises and various local income tax laws (the "Income Tax Laws").  Under the Income Tax Laws, foreign investment enterprises ("FIE") generally are subject to an income tax at an effective rate of 33% (30% state income taxes plus 3% local income taxes) on income as reported in their statutory financial statements after appropriate tax adjustments, unless the enterprise is located in specially designated regions of cities for which more favorable effective tax rates apply.  Navitone China enjoys a preferential income tax rate of 15% as it is registered in Pudong New District, Shanghai, pursuant to a local practice.

The Company's variable interest entity, SHANGAI NAVITONE, is not subject to income tax but is subject to 4% tax on revenue, as defined for tax purposes. Such amounts are accrued for as a reduction to revenues.  We are also subject to business taxes of 5% on the provision of taxable services, which includes services provided to customers and in certain instances to the variable interest entity.  All business taxes paid are accrued for as a reduction of revenues.  No provision for income taxes has been provided for as we have incurred losses since inception.

Product Development Expenses

Product development expenses consist primarily of compensation and related costs for employees associated with the development and programming of software products.  We account for product development costs under SOP 98-1,
"Accounting for the Costs of Computer Software Developed or Obtained for Internal Use," and would capitalize, if criteria under SOP 98-1 were met, material direct costs of materials and services consumed in development or obtaining internal-use computer software during the application development stage.  Costs incurred in the enhancement of our existing products and services are charged to product development expense as incurred. To date, no costs have met the criteria for capitalization and hence none have been capitalized.

In the three months ending March 31, 2005, we generated $4,430 in revenues while incurring $359,179 in selling, general and administrative expenses.  Thus, the loss from operations for the three months ending March 31, 2005 was $354,749.  This loss from operations is attributable primarily to the early-stage nature of our operations in China through our subsidiary. In the three months ending March 31, 2004, we generated $0 in revenues while incurring $31,231 in selling, general and administrative expenses.  The loss from operations for three months ending March 31, 2004 was $31,231.  The Company's change of focus from real estate related operations to wireless services resulted in a transition period affecting our revenue sources and performance.

Liquidity and Capital Resources

As of March 31, 2005, we had negative working capital of $11,958.  Our current assets as of March 31, 2005 consisted of $160,579 in cash, $1,306 in accounts receivables, $1,850 in other receivables, $1,597 in pre-paid expenses and $8,257 due from a related party.  Our current liabilities in the same period consisted of $0 in accounts payable, $183, 144 in accrued liabilities, and $2,403 in payroll taxes payable.



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We do not believe that we have sufficient resources to execute our business or continue operations for the next twelve months.  However, we expect that we might assess additional capital formation strategies so as to endeavor to expedite the growth of our operations through the private sale of our common stock.  Most recently, between August 27, 2004 and March 31, 2005, the Company issued a total of 1,875,000 restricted shares of its common stock in a private offering believed to be exempt from registration with the Securities and Exchange Commission as part of a corporate financing for purposes of facilitating the execution of our intended business plan.  We continue to endeavor to attract additional capital in this fashion.  If we are not successful, there is substantial doubt as to our ability to continue as a going concern.  Without a significant infusion of additional capital we are not likely to achieve the critical mass we need to sustain operations.



Off-Balance Sheet Arrangements

We have no material obligations under a guarantee contract meeting the characteristics identified in paragraph 3 of Financial Accounting Standards Board ("FASB") Interpretation No. ("FIN") 45, "Guarantor's Accounting and Disclosure Requirements, Including Guarantees of Indebtedness of Others". We have no material retained or contingent interests in assets transferred to an unconsolidated entity. We have no material obligations, including contingent obligations, under contracts that would be accounted for as derivative instruments. We have no obligation, including contingent obligations, arising out of a variable interest in an unconsolidated entity held by, and material to, us, where such entity provides financing, liquidity, market risk or credit risk support to, or engages in leasing, hedging or research and development services with us. We have no direct investments in real estate and no holdings of mortgages secured by commercial real estate. Accordingly, we have no material off-balance sheet arrangements.

Plan of Operation



Navitone Technologies, Inc. will continue to focus on its core product technology Mobile Resources Management (MRM) throughout 2005.  Based on our contract with China Unicom we expect to offer our products and services in 15 additional cities in China by the year-end 2005.  We will continue to assist China Unicom's sales team as well as pursue direct sales through mail, print, media and telemarketing using our internal sales force.  We will also use local distributors who have relationships with large companies in the vertical market or are presently in the wireless business.  We hope to roll out add-on features to MRM and will continue to focus on increasing sales to our present customer base.



We project a two-fold increase in the size of our operations and personnel with the main focus on marketing and sales resources.  Using CDMA technology we can transmit more data, more efficiently on a secured network. With CDMA we can also track field personnel indoors.  Using our extensive, customized features managers can design/check over their employees' daily schedule, monitor their location, conduct ordering functions and generate reports in real-time, eliminating the burden of physical paperwork.  Our customers may utilize the most efficient routing and scheduling systems, locate personnel via the internet and dispatch the closest person to the scene; all while communicating through short messages or voice communication using any internet based device.  Our system, using our XML interface, can be integrated to use the customer's internal software or our own depending if they want to operate on our server or their own.



Based on our powerful Location Based Server (LBS) Platform, Navitone will begin designing software to interface with several new hardware products by the end of 2005.  Some of this work will be done by us for others, as an independent contractor and some will be for internal use.  We are working with several hardware manufacturers. We also anticipate developing software to interface with the Push-To-Talk phone and a camera phone so as to read standard bar codes.



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We hope to enter the US market assuming a U.S. wireless carrier implements the requisite platform for our LBS software.  We are also seeking joint venture opportunities in Japan and India where perhaps we might handle the backend technologies and the partner would handle sales, marketing, customer service, technical support and training.  With our ever-growing customer base, we feel we will be able to move into other countries more smoothly than when we started in China as a development stage start-up.



We anticipate raising more capital through the sales of securities including but not limited to our common stock.  While this will have a dilutive effect on our present shareholders, we believe the additional capital, properly allocated for purposes of growing our customer base and increasing revenue, will positively impact shareholder value such that the marginal benefit to shareholders outweighs the marginal disadvantage of dilution.



We are subject to a number of industry-specific risk factors, including, but not limited to, dependence on mobile network operators, rapid development of the market, large number of competitors, and evolving regulatory environment.



In order to comply with laws and regulations in the PRC that prohibit or restrict foreign ownership of companies that provide value-added telecommunications services, we have established SHANGHAI NAVITONE which is legally owned by two Chinese citizens who are the mother and sibling of Mr. Xinnong Yang, CEO of NAVITONE CHINA. NAVITONE CHINA will be conducting substantially all of its future business operations through SHANGHAI NAVITONE. CITYCAPS does not hold any direct ownership interest in SHANGHAI NAVITONE. SHANGHAI NAVITONE was established in Shanghai, People's Republic of China as a Chinese limited liability company on April 2, 2004.



On August 9, 2004, SHANGHAI NAVITONE entered into an agreement with China Unicom Co., Ltd. to provide value-added mobile communication services to customers of China Unicom Co., Ltd.  This agreement expires on March 31, 2005. On March 31, 2005, this agreement was renewed.



In order to service the customers of China Unicom Co., Ltd., SHANGHAI NAVITONE and NAVITONE CHINA have entered into various operating agreements including trademark, domain name and software license agreements and exclusive technical consulting and services agreements, where SHANGHAI NAVITONE has the exclusive right to use certain domain names and registered trademarks owned by the Company, and the Company is the exclusive provider of technical and other services to SHANGHAI NAVITONE.



In return, SHANGHAI NAVITONE is required to pay the Company licensing and service fees for the use of each domain name, trademark and technical and consulting services received. The technical and consulting service fees can be, and are, adjusted at the Company's discretion depending on the quantity and level of services provided. These operating agreements further provide that the Company will guarantee SHANGHAI NAVITONE's performance on third party contracts and agreements entered into by SHANGHAI NAVITONE in the normal course of business.  The agreements also restrict the ability of SHANGHAI NAVITONE to conduct any transactions that may materially affect their assets, obligations, rights, or operations without the consent of the Company. These transactions would include the sale of assets, incurrence of debt or guarantees, declaration of dividends, or assignments of rights.

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The majority of the Company's future revenues will be derived from wireless value-added services provided to the users of China Unicom's mobile communication network. The Company contracts with the mobile operators for the transmission of these wireless services as well as for billing and collection services. The Company measures its revenues based on the total amount paid by its customers for services rendered, for which the mobile operators will bill and collect on the Company's behalf.



For these billing and collection services, the mobile operators retain a fixed percentage fee, which is reflected as a cost of services in the financial statements.  The Company has assessed its relationship with the mobile operators and the terms of the fee arrangement under Emerging Issue Task Force Issue No 99-19, and has concluded that reporting the gross amounts billed to its customers is appropriate.



At present we have approximately 75 employees and have recently expanded our offices in China and Southern California.



Risk factors affecting our future results of operation



Our future results of operations involve a number of risks and uncertainties.  The following discusses a number of risks that could impact our financial condition and results of operations.



Country risk



Currently, our revenues are primarily derived from the sale of our products and services to customers in China.  We hope to expand our operations to countries outside of China, however, such expansion has not yet commenced and there can be no assurance that we will be able to achieve such an expansion successfully.  Therefore, a downturn or stagnation in the economic environment of China could have a material adverse effect on our financial condition or results of operations.



Product risk



We have conducted limited operations and we have little operating history.  We are subject to the risks, uncertainties, expenses and difficulties that are usually encountered by companies in their early stages of development, particularly those engaged in international commerce.  In addition to competing with other telecommunication and web companies, we could have to compete with larger U.S. companies that have greater funds available for expansion, marketing, research and development and the ability to attract more qualified personnel if access is allowed into the Chinese market. If U.S. companies do gain access to the Chinese markets in general, they may be able to offer products at a lower price. There can be no assurance that we will remain competitive should this occur.



Exchange rate risk



We generate revenue and incur expenses and liabilities in Chinese renminbi.  As a result, we are subject to the effects of exchange rate fluctuations in the value of the renminbi.  Since 1994, the official exchange rate for the conversion of renminbi to U.S. dollars has generally been stable and the renminbi has appreciated only slightly against the U.S. dollar.  However, we can offer no assurance that the renminbi will continue to remain stable against the U.S. dollar or any other foreign currency, and there has been speculation recently that the renminbi will be revalued upward against the U.S. dollar.  Our results of operations and financial condition may be affected by changes in the value of renminbi and any other currencies in which our earnings and obligations are denominated.  We have not entered into agreements or purchased instruments to hedge our exchange rate risks, although we may do so in the future.





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Dependency on key personnel



Our future success depends on the continued services of executive management in China, including Xinnong Yang.  The loss of any of their services would be detrimental to us and could have an adverse effect on our business development.  We do not currently maintain key-man insurance on their lives. Our future success is also dependent on our ability to identify, hire, train and retain other qualified managerial and other employees.  Competition for these individuals is intense and increasing.



Dependency on SHANGHAI NAVITONE



In order to comply with Chinese laws and regulations that prohibit or restrict foreign ownership of companies that provide value-added telecommunications services, we established a Chinese limited liability company we refer to as SHANGHAI NAVITONE.  SHANGHAI NAVITONE effectively represents approximately 90% of our revenues.SHANGHAI NAVITONE is owned by two Chinese citizens who are the mother and sibling of Mr. Xinnong Yang, the CEO of our subsidiary, Navitone China.  Navitone China conducts substantially all of its business operations through SHANGHAI NAVITONE, and therefore we rely heavily on our continued relationship with SHANGHAI NAVITONE.  Neither Navitone nor Navitone China holds any direct ownership interest in SHANGHAI NAVITONE.  Because of this legal structure, it is possible for SHANGHAI NAVITONE to cease doing business with us, in which case we would be unable to provide value-added telecommunications services in China.  This would materially affect our financial condition and results of operation.



Dependency on key customer



We rely heavily on our indirect relationship with China Unicom.  On August 9, 2004, SHANGHAI NAVITONE entered into an agreement with China Unicom to provide value-added mobile communication services to customers of China Unicom. This agreement expires on March 31, 2005 but will automatically renew for another year unless terminated prior thereto by either party.  Although we intend on utilizing other distributors and direct sales programs such as direct mail, print advertising and telemarketing, to date, we rely heavily China Unicom to attract new customers.  If China Unicom terminated its relationship with us, or was otherwise unsuccessful in distributing our MRM software product to end-users, our financial condition and results of operation could be materially effected.



Dependency on subsidiary performance



Currently, a majority of our revenues are derived via the operations of our subsidiaries.  In addition to the risks associated with our relationship with SHANGHAI NAVITONE, discussed above, economic, governmental, political, industry and internal company factors outside of our control affect each of our subsidiaries.  If our subsidiaries do not succeed, the value of our assets and the price of our common stock could decline.  Some of the material risks relating to our partner companies include:



○

Our subsidiaries are located in China and are subject to the risks arising from economic, political and regulatory forces in China; and

○

Intensifying competition for our products and services and those of our subsidiaries, which could lead to the failure of some of our subsidiaries.



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A visible trading market for our common stock may not develop



Our common stock is currently traded on the Over-the-Counter Bulletin Board (the "OTCBB") under the symbol "NVTN". The quotation of our common stock on the OTCBB does not assure that a meaningful, consistent and liquid trading market currently exists. We cannot predict whether a more active market for our common stock will develop in the future. In the absence of an active trading market:



○

investors may have difficulty buying and selling or obtaining market quotations; and

○

market visibility for our common stock may be limited, which may have a depressive effect on the market price for our common stock.



Liability risk



Insurance companies in China offer limited business insurance products.  As a result, we do not have any business liability or disruption insurance coverage for our operations in China, and our coverage may not be adequate to compensate for all losses that may occur, particularly with respect to loss of business and reputation.  Any business disruption litigation or natural disaster could expose us to substantial costs and losses.



Other Risk Factors



There are several other risks and uncertainties facing the Company, including our ability to raise money and grow our business and potential difficulties in integrating new acquisitions, especially as they pertain to foreign markets and market conditions.  These risks and uncertainties can materially affect our future financial condition and results of operations.



Our future operating results over both the short and long term will be subject to annual and quarterly fluctuations due to several factors, some of which are outside our control. These factors include but are not limited to fluctuating market demand for our services, and general economic conditions.



Item 3. Controls and Procedures

Our principal executive officer and principal financial officer reviewed the effectiveness of our disclosure controls and procedures as defined in Rules 13a-14(c) and 15d-14(c) of the Securities Exchange Act of 1934 (the "Exchange Act") to the best of our ability given our limited resources. Based upon that evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective.  Our disclosure controls and procedures are designed as of March 31, 2005, to provide a reasonable level of assurance of reaching our desired disclosure control objectives and are effective in doing so.  There were no significant changes in our internal controls or in other factors that could significantly affect these internal controls subsequent to the date of their evaluation.





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PART II - OTHER INFORMATION

Item 1. Legal Proceedings.



From time to time, we may be subject to claims in legal proceedings arising in the normal course of our business. At present, we are not a party to any pending legal action that could reasonably be expected to have a material adverse effect on our business, financial condition or operating results.

Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.

Recent Sales of Unregistered Securities.

The following information covers all securities that Navitone sold within the past three years without registering the securities under the Securities Act:

On February 17, 2004, Navitone effectuated a 1-for-2 reverse stock split for all stockholders as of that date. All share and per share amounts have been retroactively restated to reflect the 1-for-2 reverse stock split.

On August 16 2004, we acquired CITYCAPS Information Technology Co. Ltd ("CITYCAPS"). According to the terms of the Acquisition Agreement dated August 16, 2004, between World Wide Web, Inc. and CITYCAPS, we agreed to issue 8,000,000 shares of Navitone's $0.001 par value restricted common stock in exchange for 100% of the common shares of CITYCAPS.  As a result of the share exchange, CITYCAPS became a wholly owned subsidiary of Navitone.  The 8,000,000 shares of Navitone's restricted common stock were distributed on a pro-rata basis to the shareholders of CITYCAPS.  Two officers and directors of Navitone owned approximately 36% of CITYCAPS.  In addition, CITYCAPS received an additional 2,000,000 shares of Navitone's restricted common stock which will remain with CITYCAPS without subsequent distribution.

Between August 27, 2004 and March 31, 2005, Navitone issued a total of 1,875,000 restricted shares of its common stock in a private offering believed to be exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933.  The restricted shares were sold as part of units consisting of 15,000 shares of Navitone common stock and warrants entitling the holder to subsequently purchase 5,000 additional shares of Navitone common stock.  The purchase price for each unit was U.S. $6,000.00.

The warrants expire on August 30, 2006.  The exercise price for the purchase of the additional shares underlying the warrants is U.S. $1.00 per share.

The proceeds from the sale were used for general working capital and for legal, accounting and consulting expenses related to the CITYCAPS transaction.

Item 3. Defaults Upon Senior Securities.

None.

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

None.





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Item 5. Other Information.

None.

Item 6. Exhibits and Reports on 8-K.

(a)
Exhibits required by Item 601 of Regulation S-B

|Exhibit Number | Name and/or Identification of Exhibit                                                                                                                                                                                                                 
|-------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |                                                                                                                                                                                                                                                       
|3.             | Articles of Incorporation & By-Laws                                                                                                                                                                                                                   
|               | (a)
Articles of Incorporation incorporated by reference to the Registration Statement on Form 10-SB, as amended, filed with the SEC.
(b)
Bylaws incorporated by reference to the Registration Statement on Form 10-SB, as amended, filed with the SEC.
|               |                                                                                                                                                                                                                                                       
|10.            | Material Contracts                                                                                                                                                                                                                                    
|               | (a)
China Unicom Contract, as amended
(b)
Citycaps Navitone Contract (incorporated by reference to Navitone's Technologies, Inc. Form  8-K filed with the SEC on August 27, 2004.)                                                                    
|               |                                                                                                                                                                                                                                                       
|31.            | Certifications pursuant to the Sarbanes-Oxley Act of 2002                                                                                                                                                                                             
|32.            | Certification Pursuant to Title 18, United States Code, Section 1350, as Adopted Pursuant to Section 906 Of The Sarbanes-Oxley Act Of 2002.                                                                                                           





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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.



|Navitone Technologies, Inc.
(formerly known as World Wide Web, Inc.)
|--------------------------------------------------------------------
|(Registrant)                                                        
|                                                                    
|Signature                                                           
|                                                                    
|/s/ Michael Zuliani                                                 
|Michael Zuliani                                                     
|                                                                    
|/s/ Herb Sider                                                      
|Herb Sider                                                          
|                                                                    
|/s/Jerrold A. Wish                                                  
|Jerrold A. Wish                                                     









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