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

                                   Form 10-QSB



(Mark One)

  X   Quarterly report under section 13 or 15(d) of the Securities Exchange Act
----
      of 1934 for the quarterly period ended June 30, 2002.

____  Transaction report under section 13 or 15(d) of the Securities
Exchange Act of 1934 for the transition period from ________ to __________.

Commission File No.:   0-30851

                      DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                      (Name of small business in its charter)

Nevada                                                88-0404114
(State or other Jurisdiction of Incorporation)        (IRS Employer Id. No.)

Unit 10, 8980 Fraserwood Court
Burnaby, British Columbia
Canada              V5J 5H7
(Address of Principal Office)

Issuer's telephone number:     (604) 438-3598

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities 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 ______


<PAGE>

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. At June 30, 2002, there were
12,906,000 common shares outstanding with a par value of $0.0004.

Transitional Small Business Disclosure Format (Check one):
Yes _______   No _______


<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS AND EXHIBITS

The unaudited financial statements of the registrant for the three-month and six
month periods ended June 30, 2002 and June 30, 2001, follow. The financial
statements reflect all adjustments which are, in the opinion of management,
necessary so as to ensure a fair statement of the results for the interim period
presented.

<PAGE>

                                   MOEN AND COMPANY
                                 CHARTERED ACCOUNTANTS

PO Box 10129
1400 IBM Tower                                        Telephone:   (604)662-8899
701 West Georgia Street                                     Fax:   (604)662-8809
Vancouver, BC  V7Y 1C6
--------------------------------------------------------------------------------




                        INDEPENDENT ACCOUNTANTS' REVIEW REPORT
                        --------------------------------------



To the Directors and Shareholders of
Digital Village World Technologies, Inc.
(A Nevada Corporation)
(A Development Stage Company)

We have reviewed the accompanying Consolidated Balance Sheets of Digital Village
World Technologies, Inc. (A Nevada Corporation) (A Development Stage Company) as
of June 30, 2002 and June 30, 2001, and the Statements of Operations, Retained
Earnings, Cash Flows and Changes in Stockholders' Equity for the six month
periods then ended in accordance with Statements on Standards for Accounting and
Review Services issued by the America Institute of Public Accountants. All
information included in these financial statements is the representation of
Digital Village World Technologies, Inc.


A review consists principally of inquiries of company personnel and analytical
procedures applied to financial data. It is substantially less in scope than an
examination in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.

On the basis of our review, we are not aware of any material modifications that
should be made to the accompanying financial statements in order for them to be
in conformity with United States generally accepted accounting principles
(GAAP).



                                                           /s/ Moen and Company

                                                           Chartered Accountants

Vancouver, British Columbia, Canada
August 12, 2002

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                             Consolidated Balance Sheets
                           June 30, 2002 and June 30, 2001
                                    (In US Dollars)
                                      (Unaudited)

                                                      2002            2001
                                                 --------------  --------------
                                       Assets
Current Assets
   Cash and cash equivalents (note 3)            $        4,520  $        8,828
   Accounts receivable (note 4)                           7,879          11,706
   Prepaid expenses and deposit                            -              5,107
                                                 --------------  --------------
                                                         12,399          25,641
                                                 --------------  --------------
Fixed Assets, at cost (note 2)                           65,783          83,028
   Less: accumulated depreciation                       (19,169)        (12,613)
                                                 --------------  --------------
                                                         46,614          70,415
                                                 --------------  --------------
Investment and advance in Yuxun Digital
   Hi-Tech Co. Ltd. (note 14)                            56,774            -
                                                 --------------  --------------
Goodwill, at cost (note 5)                               48,070          48,070
                                                 --------------  --------------
                                                $       163,857  $      144,126
                                                 ==============  ==============

                        Liabilities and Stockholders' Equity

Current Liabilities
   Accounts payable and accrued (note 6)        $        13,165  $        8,289
   Current portion of loan (note 8)                        -              6,811
                                                 --------------  --------------
                                                         13,165          15,100
                                                 --------------  --------------
Long-term Liabilities
   Due to related parties (note 7)                      347,341         174,934
   Loan payable (note 8)                                   -              6,811
                                                 --------------  --------------
                                                        347,341         181,745
                                                 --------------  --------------

Stockholders' Equity
   Capital stock (note 9)
     Authorized
      62,500,000 common shares at $0.0004
        par value
     Issued
      12,906,000 common shares - par value                5,162           5,162
      Paid in capital in excess of par
        value of stock                                  116,734         116,734
                                                 --------------  --------------
                                                        121,896         121,896
Deficit, accumulated during the development stage      (318,745)       (174,412)
Cumulative translation adjustment (note 2)                  200            (203)
                                                 --------------  --------------
                                                       (196,649)        (52,719)
                                                 --------------  --------------
                                                 $      163,857  $      144,126
                                                 ==============  ==============

Approved on behalf of the board:

/s/ Stephen E Dadson               , Director
-----------------------------------

/s/ Richard Wang                   , Director
-----------------------------------

       See Accompanying Notes and Independent Accountants' Review Report

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                        Consolidated Statements of Operations
                                    (In US Dollars)
                                      (Unaudited)
<TABLE>
<CAPTION>
                                             Cumulative From
                                              Inception Date                                  Six Months
                                             of Sep. 15, 1998     Quarter Ended                  Ended
                                                to June 30,          June 30,                   June 30,
                                                             -----------------------   -----------------------
                                                   2002            2002        2001          2002        2001
                                                ----------   ----------   ----------   ----------   ----------
<S>                                            <C>          <C>          <C>          <C>          <C>
Revenue
   Interest and other income                   $    7,791   $     -      $     -      $     -      $    3,766
                                               ----------   ----------   ----------   ----------   ----------

Administration Costs
   Advertising                                        712         -            -            -            -
   Bank charges and interest                        2,116           18          290           68          810
   Consulting                                      11,982         -            -            -           1,323
   Depreciation                                    19,169        2,840        6,758        5,681       12,107
   License, dues and insurance                      3,302         -            -           1,417         -
   Office costs                                     9,278          851          927        2,832        4,105
   Rentals and leases                              37,647        5,933        8,362       10,923       14,411
   Professional fees                               81,007       15,212          800       17,080       24,476
   Salary and benefits                             56,991         -           9,798        1,428       36,255
   Stock-based compensation                        20,000         -            -            -          20,000
   Telephone and utilities                         19,355        1,530        1,995        2,862       13,819
   Transfer agent and filing fees                  20,248       (7,188)        -          (3,733)       5,911
   Travel and promotion                            39,019        5,273        7,817       11,530       21,872
   Loss on disposition of fixed assets              5,710         -            -            -            -
                                               ----------   ----------   ----------   ----------   ----------
                                                  326,536       24,469       36,747       50,088      155,089
                                               ----------   ----------   ----------   ----------   ----------
Net profit (loss) for the period               $ (318,745)  $  (24,469)  $  (36,747)  $  (50,088)  $ (151,323)
                                               ==========   ==========   ==========   ==========   ==========

Basic and diluted profit (loss) per share                   $    (0.00)  $    (0.00)  $    (0.00)  $    (0.01)
                                                            ==========   ==========   ==========   ==========
Weighted average number of
   common shares used to
   compute basic and fully
   diluted loss per share                                   12,906,000   12,902,366   12,906,000   12,888,666
                                                            ==========   ==========   ==========   ==========
</TABLE>



       See Accompanying Notes and Independent Accountants' Review Report

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                 Consolidated Statements of Retained Earnings (Deficit)
                                    (In US Dollars)
                                      (Unaudited)
<TABLE>
<CAPTION>

                                             Cumulative From
                                              Inception Date                                  Six Months
                                             of Sep. 15, 1998     Quarter Ended                  Ended
                                                to June 30,          June 30,                   June 30,
                                                             -----------------------   -----------------------
                                                   2002            2002        2001          2002        2001
                                                ----------   ----------   ----------   ----------   ----------
<S>                                            <C>          <C>          <C>          <C>          <C>
Retained earnings (deficit),
   beginning of period                         $     -      $ (294,276)  $ (137,665)  $ (268,657)  $  (23,089)

Net profit (loss) for the period                 (318,745)     (24,469)     (36,747)     (50,088)    (151,323)
                                               ----------   ----------   ----------   ----------   ----------
Retained earnings (deficit),
   end of period                               $ (318,745)  $ (318,745)  $ (174,412)  $ (318,745)  $ (174,412)
                                               ==========   ==========   ==========   ==========   ==========
</TABLE>

       See Accompanying Notes and Independent Accountants' Review Report


<PAGE>


                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                        Consolidated Statements of Cash Flows
                                    (In US Dollars)
                                      (Unaudited)
<TABLE>
<CAPTION>

                                             Cumulative From
                                              Inception Date                                  Six Months
                                             of Sep. 15, 1998     Quarter Ended                  Ended
                                                to June 30,          June 30,                   June 30,
                                                             -----------------------   -----------------------
                                                   2002            2002        2001          2002        2001
                                                ----------   ----------   ----------   ----------   ----------
<S>                                            <C>          <C>          <C>          <C>          <C>
Cash derived from (used for)
   Operating activities
     Net profit (loss) for the period          $ (318,745)  $  (24,469)  $  (36,747)  $  (50,088)  $ (151,323)
     Items not requiring use of cash
       Depreciation                                19,169        2,840        6,758        5,681       12,107
     Cumulative translation adjustment                200         (198)         149           20          265
     Changes in non-cash
      working capital items
       Accounts receivable                         (7,879)        (813)        -          (3,006)      (1,386)
       Prepaid expenses and deposit                  -            -            -            -          (5,107)
       Accounts payable and accrued                13,165      (15,534)      (7,071)     (35,359)     (11,390)
                                               ----------   ----------   ----------   ----------   ----------
                                                 (294,090)     (38,174)     (36,911)     (82,752)    (156,834)
                                               ----------   ----------   ----------   ----------   ----------
Financing activities
   Issuance of shares                             121,896         -          11,000         -          41,000
   Loan payable                                      -            -          (1,703)        -          (3,406)
   Due to related parties                         347,341         -          30,511       84,989       30,511
                                               ----------   ----------   ----------   ----------   ----------
                                                  469,237         -          39,808       84,989       68,105
                                               ----------   ----------   ----------   ----------   ----------
Investing activities
   Capital assets purchased                       (65,783)        -            -            -            -
   Investment and advance                         (56,774)        -            -            -            -
   Goodwill                                       (48,070)        -            -            -            -
                                               ----------   ----------   ----------   ----------   ----------
                                                 (170,627)        -            -            -            -
                                               ----------   ----------   ----------   ----------   ----------
Cash and cash equivalents, increase
  (decrease) during the period                      4,520      (38,174)       2,897        2,237      (88,729)
Cash and cash equivalents,
  beginning of period                                -          42,694        5,931        2,283       97,557
                                               ----------   ----------   ----------   ----------   ----------
Cash and cash equivalents,
  end of period                                $    4,520   $    4,520   $    8,828   $    4,520   $    8,828
                                               ==========   ==========   ==========   ==========   ==========
</TABLE>

       See Accompanying Notes and Independent Accountants' Review Report



<PAGE>


                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                    Statement of Changes in Stockholders' Equity
           From Date of Inception on September 15, 1998 to June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)

<TABLE>
<CAPTION>
                                                                                         Deficit Accum-
                                             Number of           Additional     Total      ulated During                 Total
                                              Common       par     Paid-in     Capital     The Develop-  Cumulative   Stockholders'
                                              Shares      Value    Capital      Stock      ment Stage    Translation     Equity
                                           ----------------------------------------------------------------------------------------
<S>                                        <C>           <C>      <C>         <C>         <C>            <C>          <C>
9/15/98 issuance of common
 stock for cash                             1,000,000    $1,000   $  1,500    $  2,500    $    -         $    -       $   2,500

12/31/98 issuance of common
 stock for cash                               750,000       750     74,250      75,000         -              -          75,000

Net loss for the year ended
 December 31, 1998                               -         -          -           -            (737)          -            (737)
                                           ----------------------------------------------------------------------------------------
Balance, December 31, 1998                  1,750,000     1,750     75,750      77,500         (737)          -          76,763

Net loss for the year ended
 December 31, 1999                               -         -          -           -         (12,534)          -         (12,534)
                                           ----------------------------------------------------------------------------------------
Balance, December 31, 1999                  1,750,000     1,750     75,750      77,500      (13,271)          -          64,229

Balance, May 19, 2000
 before forward split                       1,750,000     1,750     75,750      77,500      (13,271)          -          64,229
                                           ========================================================================================

05/19/00 2.5 to 1 forward split             4,375,000     1,750     75,750      77,500      (13,271)          -          64,229

12/18/00 share exchange                     8,490,000     3,396       -          3,396         -              -           3,396

Net loss for the year ended
 December 31, 2000                               -         -          -           -          (9,818)          -          (9,818)

Cumulative translation                           -         -          -           -            -              (468)        (468)
                                           ----------------------------------------------------------------------------------------
Balance, December 31, 2000                 12,865,000     5,146     75,750      80,896      (23,089)          (468)      57,339

2/7/01 issuance of common
 stock for cash                                10,000         4      9,996      10,000         -              -          10,000

3/30/01 issuance of common
 stock for compensation                        20,000         8     19,992      20,000         -              -          20,000

4/6/01 issuance of common
 stock for cash                                11,000         4     10,996      11,000         -              -          11,000

Net loss for year ended
 December 31, 2001                               -         -          -           -        (245,568)          -        (245,568)

Cumulative translation                           -         -          -           -            -               648          648
                                           ----------------------------------------------------------------------------------------
Balance, December 31, 2001                 12,906,000     5,162    116,734     121,896     (268,657)           180     (146,581)

Net loss for six months ended
 June 30, 2002                                   -         -          -           -         (50,088)          -         (50,088)

Cumulative translation                           -         -          -           -            -                20           20
                                           ----------------------------------------------------------------------------------------
Balance, June 30, 2002                     12,906,000    $5,162   $116,734    $121,896    $(318,745)     $     200    $(196,649)
                                           ========================================================================================
</TABLE>



       See Accompanying Notes and Independent Accountants' Review Report


<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 1.   ORGANIZATION AND NATURE OF BUSINESS

          The Company was incorporated under the laws of the State of Nevada on
          September 15, 1998, as Body Concepts, Inc. On May 25, 2000 the Company
          changed its name from Body Concepts, Inc. to Digital Village World
          Technologies, Inc.

          On May 19, 2000 the Company increased its authorized capital stock
          from 25,000,000 common shares with a par value of $0.001 to 62,500,000
          common shares with a par value of $0.0004 each par value.

          On May 19, 2000 the Company completed a 2.5:1 forward split of its
          outstanding stock. This forward split increased the number of issued
          and outstanding shares from 1,750,000 common shares to 4,375,000
          common shares.

          Pursuant to the terms of a share exchange which was effective as of
          December 18, 2000, the Company acquired all of the issued and
          outstanding stock of Digital Village World Technologies (Canada) Inc.
          ("DVC") in exchange for the issuance of 8,490,000 shares of its
          authorized but previously unissued common stock, which shares were
          valued at par value for purposes of the acquisition. The acquisition
          was accounted for as a purchase, and accordingly, the operating
          results for DVC will be reported only for the period subsequent to the
          acquisition. Assets and liabilities of DVC at the date of acquisition
          on December 18, 2000, are as follows:

                Assets
                 Cash and cash equivalents                      $      56,725
                 Accounts receivable                                   10,285
                 Fixed assets, net                                     83,028
                                                                -------------
                                                                      150,038
                                                                -------------
                Liabilities
                 Accounts payable                                      13,161
                 Current portion of loan                                6,811
                 Due to related company                                20,000
                 Due to related parties                               144,423
                                                                -------------
                                                                      184,395
                 Long-term loan                                        10,785
                                                                -------------
                                                                      195,180
                                                                -------------
                Net assets (liabilities)                              (45,142)
                Cumulative translation, included in above,
                  Booked in stockholders' equity of the Company           468
                                                                -------------
                                                                      (44,674)
                Goodwill on acquisition (note 5)                       48,070
                                                                -------------
                Issuance of 8,490,000 common shares
                  at par value                                  $       3,396
                                                                =============

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 1.   ORGANIZATION AND NATURE OF BUSINESS (cont'd)

          DVC is a Canadian company incorporated in the Province of British
          Columbia, Canada. DVC is an internet content provider that provides
          bi-lingual content in Chinese and English, technical services to
          companies in China, and provides third party internet services such as
          web design, web hosting and content development for firms that
          specialize in naturopathic and traditional eastern health sciences in
          North America.

          The historical information of Digital Village World Technologies, Inc.
          that is the basis for the pro forma information at December 18, 2000
          is as follows:

                Summary Balance Sheet
                 Assets
                   Cash                                         $      44,171
                   Advances to related company                         20,000
                                                                -------------
                                                                $      64,171
                                                                =============
                Liabilities
                   Accounts payable                                     1,871
                                                                -------------
                Stockholders' equity
                   Capital stock - par value                            1,750
                           - additional paid-in capital                75,750
                                                                -------------
                                                                       77,500
                Deficit                                               (15,200)
                                                                -------------
                                                                       62,300
                                                                -------------
                                                                $      64,171
                                                                =============

Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          Principles of consolidation

          The accompanying consolidated financial statements include the
          accounts of the Company and its wholly-owned subsidiary, Digital
          Village World Technologies (Canada) Inc. All significant intercompany
          transactions and balances have been eliminated.

          Basis of presentation

          These financial statements have been prepared in accordance with
          Accounting Principles Generally Accepted in the United States
          ("USGAAP).

          Development stage company

          The accompanying financial statements have been prepared in accordance
          with the provisions of Statement of Financial Accounting Standard No.
          7, "Accounting and Reporting by Development Stage Enterprises".

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Use of estimates

          The preparation of financial statements in conformity with USGAAP
          requires management to make estimates and assumptions that affect the
          reported amounts of assets and liabilities and disclosure of
          contingent assets and liabilities at the dates of the financial
          statements and the reported amounts of revenues and expenses during
          the reporting periods. Actual results could differ from those
          estimates.

          Cash and cash equivalents

          Cash and cash equivalents consist of cash on deposit and highly liquid
          short-term interest bearing securities with a maturity at the date of
          purchase of three months or less.

          Income Taxes

          Provisions for income taxes are based on taxes payable or refundable
          for the current year and deferred taxes on temporary differences
          between the amount of taxable income and pretax financial income and
          between the tax bases of assets and liabilities and their reported
          amounts in the financial statements. Deferred tax assets and
          liabilities are included in the financial statement at currently
          enacted income tax rates applicable to the period in which the
          deferred tax assets and liabilities are expected to be realized or
          settled as prescribed in FASB Statement No. 109, Accounting for Income
          Taxes. As changes in tax laws or rate are enacted, deferred tax assets
          and liabilities are adjusted through the provision for income taxes.

          Compensated absences

          Employees of the corporation are entitled to paid vacations, sick days
          and other time off depending on job classification, length of service
          and other factors. It is impractical to estimate the amount of
          compensation for future absences, and accordingly, no liability has
          been recorded in the accompanying financial statements. The
          corporation's policy is to recognize the costs of compensated absences
          when paid to employees.

          Net profit per share

          The Company adopted Statement of Financial Accounting Standards No.
          128 that requires the reporting of both basic and diluted earnings per
          share. Basic earnings per share is computed by dividing net income
          available to common shareowners by the weighted average number of
          common shares outstanding for the period. Diluted earnings per share
          reflects the potential dilution that could occur if securities or
          other contacts to issue common stock were exercised or converted into
          common stock. In accordance with FASB 128, any anti-dilution effects
          on net loss per share are excluded.

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Disclosure about fair value of financial instruments
          The Company has financial instruments, none of which are held for
          trading purposes. The Company estimates that the fair value of all
          financial instruments as defined in FASB 107, does not differ
          materially from the aggregate carrying values of its financial
          instruments recorded in the accompanying balance sheet. The estimated
          fair value amounts have been determined by the Company using available
          market information and appropriate valuation methodologies.
          Considerable judgment is required in interpreting market data to
          develop the estimates of fair value, and accordingly, the estimates
          are not necessarily indicative of the amounts that the Company could
          realize in a current market exchange.

          Concentration of credit risk
          Financial instruments that potentially subject the Company to a
          significant concentration of credit risk consist primarily of cash and
          cash equivalents which are not collateralized. The Company limits its
          exposure to credit loss by placing its cash and cash equivalents with
          high credit quality financial institutions.

          Fixed assets
          Fixed assets are stated at cost less accumulated depreciation.
          Depreciation is recorded on the following rates:

             Office equipment     - 20% per annum on the declining balance basis
             Vehicles             - 30% per annum on the declining balance basis
             Computer equipment   - 30% per annum on the declining balance basis

          As at June 30, 2002, the fixed assets and accumulated depreciation are
          as follows:

<TABLE>
<CAPTION>
                                                                       Accumulated  Net Book
                                             At Cost                  Depreciation   Value
                               -----------------------------------
                               12/31/01      6/30/01       6/30/02      6/30/02     6/30/02
                               ----------   ----------   ----------   ----------   ----------
          <S>                  <C>          <C>          <C>          <C>          <C>
          Office equipment     $    5,430   $    5,430   $    5,430   $    6,064   $     (634)
          Vehicles                 11,105       28,350       11,105       (2,055)      13,160
          Computer equipment       49,248       49,248       49,248       15,160       34,088
                               ----------   ----------   ----------   ----------   ----------
                               $   65,783   $   83,028   $   65,783   $   19,169   $   46,614
                               ==========   ==========   ==========   ==========   ==========
</TABLE>

          Long-lived assets
          Statement of Financial Accounting Standards No. 121, "Accounting for
          the Impairment of Long-Lived Assets and for Long-Lived Assets to be
          Disposed Of," requires that long-lived assets be reviewed for
          impairment whenever events or changes in circumstances indicate that
          the carrying amount of the asset in question may not be recoverable.
          This standard did not have a material effect on the Company's results
          of operations, cash flows or financial position in these financial
          statements.

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Foreign currency translation

          The functional currency of the parent Company Digital Village World
          Technologies, Inc. is the United States Dollar and of Digital Village
          World Technologies (Canada) Inc. is the Canadian Dollar and the
          reporting currency on a consolidated basis is the United States
          Dollar.

          The assets, liabilities, and operations of the Company are expressed
          in the functional currency of the Company in United States Dollars.
          Operations of the subsidiary Digital Village World Technologies
          (Canada) Inc. are in Canadian Dollars and in conformity with US GAAP
          they are translated into the reporting currency, the United States
          Dollar.

          Monetary assets and liabilities are translated at the current rate of
          exchange.

          The weighted average exchange rate for the period is used to translate
          revenue, expenses, and gains or losses from the functional currency to
          the reporting currency.

          The gain or loss on translation is reported as a separate component of
          stockholders' equity and not recognized in net income. Gains or losses
          on remeasurement are recognized in current net income.

          Gains or losses from foreign currency transactions are recognized in
          current net income.

          Fixed assets are measured at historical exchange rates that existed at
          the time of the transaction.

          Depreciation is recorded at historical exchange rates that existed at
          the time the underlying related asset was acquired.

          An analysis of the changes in the cumulative translation adjustment as
          disclosed as part of stockholders' equity, is as follows:

                                                        Six Months Ended
                                                           June 30,
                                                 ----------------------------
                                                      2002           2001
                                                 -------------  -------------

          Beginning balance                      $         180  $        (468)
          Change during the period                          20            265
                                                 -------------  -------------
          Ending balance                         $         200  $        (203)
                                                 =============  =============

          The effect of exchange rate changes on cash balances forms part of the
          reconciliation of change in cash and cash equivalents during the
          period.

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          Revenue Recognition

          The Securities and Exchange Commission (SEC) issued Staff Accounting
          Bulletin (SAB) 101, Revenue Recognition in Financial Statements, in
          December 1999. The SAB summarizes certain of the SEC staff's views in
          applying generally accepted accounting principles to revenue
          recognition in financial statements. When the Company has revenue, the
          Company will perform a review of its revenue recognition policies and
          determine that it is in compliance with SAB 101.

Note 3.   CASH AND CASH EQUIVALENTS - $4,520

          The total for cash and cash equivalents as at June 30, 2002, is made
          up as follows:

          Cash in bank current accounts            $      2,675
          Cash in lawyer's trust account                  1,845
                                                   ------------
          Total                                    $      4,520
                                                   ============

Note 4.   ACCOUNTS RECEIVABLE - $7,879

          The accounts receivable balance of $7,879 as at June 30, 2002 is
          Canadian Goods and Services Taxes refundable. $4,732 was subsequently
          received on August 9, 2002.

Note 5.   GOODWILL - $48,070

          On December 18, 2000 the acquisition of Digital Village World
          Technologies (Canada) Inc. included liabilities that exceeded the
          assets by $44,674 and the consideration of 8,490,000 treasury shares
          at par value of $0.0004 per share or $3,396, resulted in goodwill on
          the transaction of $48,070 that will evaluated at each reporting
          period. Management has determined that there is no impairment in the
          value of this goodwill below its cost.

Note 6.   ACCOUNTS PAYABLE - $13,165

          Details of the total of accounts payable and accrued as at June 30,
          2002, are as follows:

          Frascona, Joiner, Goodman and Greenstein, P.C.   $      2,323
          Moen and Company                                        4,862
          Loeb & Loeb LLP                                           756
          Resident Agents of Nevada, Inc.                           197
          RR Donnelley Receivables, Inc.                          5,027
                                                           ------------
          Total                                            $     13,165
                                                           ============

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 7.   RELATED PARTY TRANSACTIONS - $347,341

          The amount of $144,423 is due to a related party, Tianjin Teda Yu
          Cheng Group. The amount of $202,918 is due to Directors of the Company
          as at June 30, 2002 for loans that they have advanced to the Company.
          These amounts are unsecured, non interest bearing, with no specific
          terms of repayment, but in any event no earlier than June 30, 2003,
          and accordingly are classified as long-term liabilities. The
          comparative amount was previously disclosed as a current liability at
          June 30, 2001, and is restated in these financial statements.

Note 8.   LEASE OBLIGATIONS

          a)   Vehicle Lease
               On January 19, 2000, DVC entered into a 36 month lease with
               Lansdowne Dodge City Ltd. for a vehicle to be used by the
               Company. Lease payments are expensed as they are incurred. Lease
               obligations are as follows:

                       2002   CAD$   4,000
                       2003   CAD$     667

          b)   Lease of Premises
               DVC has lease obligations for office premises for the next 12
               months for CAD$25,369.

Note 9.   CAPITAL STOCK
          a)   Authorized: 62,500,000 common shares with a par value of $0.0004
               per share.
          b)   Issued and outstanding common shares as at June 30, 2002, are as
               follows:
<TABLE>
<CAPTION>
                                                                                                    Additional
                                             Issued           Number of              Par             Paid-in
                                              Date              Shares              Value            Capital              Total
                                         --------------     --------------     --------------     --------------     --------------
          <S>                            <C>                <C>                <C>                <C>                <C>
    private placement                     9/15/98            1,000,000         $    1,000         $    1,500         $    2,500
    private placement                    12/31/98              750,000                750             74,250             75,000
                                                            ----------         ----------         ----------         ----------
    Balance                              12/31/98            1,750,000              1,750             75,750             77,500
                                                            ----------         ----------         ----------         ----------
    Balance                              12/31/99            1,750,000              1,750             75,750             77,500
                                                            ----------         ----------         ----------         ----------
    Balance, before
     forward split                        5/19/00            1,750,000         $    1,750         $   75,750         $   77,500
                                                            ==========         ==========         ==========         ==========
    2.5:1 forward split                   5/19/00            4,375,000              1,750             75,750             77,500
    Share exchange                       12/18/00            8,490,000              3,396               -                 3,396
                                                            ----------         ----------         ----------         ----------
    Balance                              12/31/00           12,865,000              5,146             75,750             80,896
    issued for cash                       2/7/01                10,000                  4              9,996             10,000
    issued for compensation               3/30/01               20,000                  8             19,992             20,000
    issued for cash                       4/6/01                11,000                  4             10,996             11,000
                                                            ----------         ----------         ----------         ----------
    Balance                               6/30/02           12,906,000         $    5,162         $  116,734         $  121,896
                                                            ==========         ==========         ==========         ==========
</TABLE>


<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 10.  INCOME TAXES

          a)   The most recent Federal Income Tax filing for the Company for the
               US was for the year ended December 31, 2000, disclosing no income
               taxes payable to the US Internal Revenue Service.

          b)   There is a loss of $318,745 carried forward that may be applied
               towards future profits. No deferred income taxes are recorded as
               an asset. A reserve has been claimed that offsets the amount of
               tax credit available from use of the loss carry forward because
               there is presently no indication that these tax losses will be
               utilized.

Note 11.  FINANCIAL INSTUMENTS

          The Company's financial instruments consist of cash and cash
          equivalents, accounts receivable, accounts payable and accrued and due
          to related parties. It is management's opinion that the Company is not
          exposed to significant interest, currency or credit risks arising from
          these financial instruments. The fair value of these financial
          statements approximates their carrying values.

Note 12.  PENSION AND EMPLOYMENT LIABILITIES

          The Company does not have liabilities as at June 30, 2002, for
          pension, post-employment benefits or post-retirement benefits. The
          Company does not have a pension plan.

Note 13.  PROFIT SHARING AGREEMENT

          By agreement for reference dated May 1, 2000 and as amended on May 31,
          2001, Digital Village World Technologies Inc, subsequently renamed
          Digital Village World Technologies (Canada) Inc., ("DVC") entered into
          an agreement with TianJin TEDA Yu Cheng Group Co Ltd., a wholly owned
          subsidiary of the People's Daily Newspaper Group in China with its
          principal place of business in Tianjin, the People's Republic of
          China.("Yu Cheng").

          (a)   Proposed Business Operations.

                (i)     Yu Cheng has formed a new domestic Chinese company
                        called Yuxun Digital Hi-Tech Co Ltd. ("Yuxun") which is
                        a local Internet Service Provider (ISP) in the Tianjin
                        region;
                (ii)    Yuxun has agreed to form a domestic joint venture with
                        Tianjin Chuang Xian Information Development Co Ltd
                        ("Chuang Xian") that will assume Yuxun's ISP business
                        and Chuang Xian's IT services to form a new business
                        (New Business);

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 13.  PROFIT SHARING AGREEMENT (cont'd)

                (iii)   The Business requires working capital; Yu Cheng is the
                        controlling shareholder of DVC and as such wishes to
                        advance the business of DVC in China by having DVC
                        provide overall management for the Business and to raise
                        working capital for the Business in accordance with this
                        agreement.

          (b)   Management of New Business / Working Capital
                (i)     YU Cheung hereby appoints DVC to be its manager to
                        manage the affairs of the Business for a term of 25
                        years, unless terminated earlier as provided herein,
                        provided that (ii)
                (ii)    DVC assumes the responsibility for raising all working
                        capital requirements of the New Business.

          (c)   Profit Sharing
                (i)     Yu Cheung hereby agrees that 80% of the net profits of
                        the Business (Profit Allocation) will be earned by DVC
                        provided DVC raises the required working capital, as
                        hereinafter defined, and provides the senior management,
                        as hereinafter defined, for the Business. )
                (ii)    Net Profits will be defined according to GAAP as
                        determined by the auditor of the Business, approved by
                        DVC.
                (iii)   The parties agree that semi-annually Net Profits will be
                        determined and 20% thereof, or such other amount agreed
                        to by the parties, shall be retained by the Business as
                        working capital and that the balance distributed to the
                        parties on a 80/20 basis, 80% for DVC and 20% for Yu
                        Cheung, respectively, at each parties option. Either
                        party may choose to leave their portion of the Net
                        Profits in the Business as addition to a loan account
                        owed to that party by the Business.

          (d)   Management
                (i)     DVC will form a new Chinese firm, a wholly owned foreign
                        enterprise (WOFE) which will provide no fewer than two
                        senior executives, at DVC's cost, to provide on-going
                        executive management for the New Business.
                (ii)    Yu Cheng agrees that DVC may appoint 2 out of 5 persons
                        to be directors of the Business.

          (e)   Conversion to Equity
                The parties acknowledge that it is their intention to treat
                DVC's Profit Allocation as a substitute to owning 80% of the
                equity of the New Business and therefore as and when the rules
                of China permit DVC to own, through the WOFE, shares in the
                Business, it is agreed that the parties will take such steps as
                are necessary to have shares issued to the WOFE and upon such
                event occurring the Profit Allocation will be adjusted, to
                ensure that the underlying 80/20 arrangement is adhered to.

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 13. PROFIT SHARING AGREEMENT (cont'd)

          (f)   Capital
                (i)     DVC, through the WOFE, will provide capital of not less
                        than $500,000 US contributed over 12 months or as
                        otherwise agreed to by the parties hereto.
                (ii)    In the event that the Capital is not raised within the
                        said 12 months, the Profit Allocation shall be adjusted
                        based on the percentage actually raised of the $500,000
                        US.
                (iii)   Yu Cheung will assist the WOFE to have all capital
                        contributions registered as loans to the New Business,
                        in order to ensure that when the Business is able, that
                        DVC will be able to repatriate the Capital out of China
                        should DVC so elect.

          (g)   Annual Budget
                The parties agree that they will on an annual basis agree upon
                an annual budget, prepared in accordance with United States GAPP
                and that unless otherwise agreed, the New Business will be
                managed in accordance with the annually agreed upon budget.

          (h)   Assignment
                The Parties agree that DVC may assign this agreement to any 3rd
                party provided that any assignee agrees to be bound by the terms
                of this agreement.

          (i)   Termination
                (i)     This Agreement shall terminate and be of no further
                        force or effect if DVC fails to meet any material
                        obligation of this Agreement, or DVC files a voluntary
                        petition in bankruptcy, or an involuntary petition in
                        bankruptcy is filed

against DVC , or DVC is liquidated or
                        its business transferred to a receiver, or DVC makes a
                        general assignment of all its assets on behalf of
                        creditors.

                (ii)    Upon the occurrence of any event as set out in i(i),
                        above, Yu Cheng shall send a written notice to DVC
                        stating the nature of the breach. If the breach is
                        curable DVC shall have thirty days from the date of the
                        notice to cure the breach.

          (j)   Notice
                Notices as to disputes or termination to be given under this
                Agreement shall be signed by the party giving such notice and
                mailed by certified or registered mail, addressed to the party
                to be notified at its then current business address as set forth
                at the beginning of this Agreement or as subsequently changed by
                giving notice. Notice as to address changes, pricing changes,
                warranty changes and other matters relating to policy and
                business may by given to such addresses, by facsimile
                transmission, telex, telegram or first class mail. Notices by
                mail shall be deemed given three days after mailing.

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 13.  PROFIT SHARING AGREEMENT (cont'd)

          (k)   Settlement of disputes and Governing Law
                (i)     In the event a dispute arises in connection with the
                        interpretation or implementation of this Agreement, the
                        parties to the dispute shall attempt in the first
                        instance to resolve such dispute through amicable
                        consultations. If the dispute cannot be resolved in this
                        manner within thirty (30) days after first conferring,
                        then any or all parties to the dispute may refer the
                        dispute to arbitration by the Beijing International
                        Arbitration Committee ("Committee"). The number of
                        arbitrators shall be three. The claimant(s) in the
                        dispute shall appoint one arbitrator within thirty (30)
                        days of filing notice of the arbitration, and the
                        respondent(s) in the dispute shall appoint one
                        arbitrator within thirty (30) days thereafter. If the
                        respondent fails to so appoint an arbitrator, the
                        Arbitration Centre shall appoint the second arbitrator.
                        The two arbitrators thus appointed shall choose the
                        third arbitrator, and if they fail to do so within
                        thirty (30) days after the appointment of the second
                        arbitrator, the third arbitrator shall be appointed by
                        the Committee. The arbitration proceedings shall be
                        conducted in the English language.
                (ii)    Any award of the arbitrators shall be final and binding
                        on the parties. The costs of arbitration shall be borne
                        by the losing party, unless the arbitrators determine
                        that this would be inequitable. The parties agree and
                        recognize that any award of the arbitrators shall be
                        recognizable and enforceable in any court having
                        jurisdiction over the party against whom the award was
                        rendered, and also wherever assets of such party are
                        located.
                (iii)   The legal relations between the parties under this
                        contract shall be interpreted in accordance with the
                        substantive laws of China. Any disputes between the
                        parties concerning their legal obligations arising under
                        this contract which are submitted to arbitration
                        pursuant to this clause shall be decided pursuant to the
                        substantive laws of China.

          (l)   Non Competition
                The parties agree that during the currency of this agreement
                that they will not, directly or indirectly, in any manner
                whatsoever, be engaged in any business competitive to the
                business of New Business or advise or be concerned with or
                interested or lend money to/or guaranty the debts or obligations
                of a competitive business.

          Mr. Edward Chen, who resigned on May 15, 2002 as Director of the
          Company has paid $56,774 (480,000 Chinese Yuan) to Yuxun on behalf of
          the Company. This amount was recorded as an investment and advance to
          Yuxun Digital Hi-Tech Co. Ltd. and as a loan from related parties.

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 13.  PROFIT SHARING AGREEMENT (cont'd)

          The abovementioned joint venture has not been formed as yet due to
          inability of DVC to raise the $500,000 in capital as at June 30,
          2002. This deal is being renegotiated.

Note 14.  CONSULTING AGREEMENT - BRIAN ROBERTS

          By agreement dated February 1, 2000, in accordance to the law of
          British Columbia, Canada, Digital Village World Technologies Inc.,
          subsequently renamed Digital Village World Technologies (Canada) Inc.,
          entered into a Consulting Agreement with Brian Roberts ("Roberts")
          whereby he would assist the Company in completion of its Business Plan
          and set up its administrative systems, on a month to month basis.
          Either party may terminate this agreement, with or without cause, upon
          thirty days notice to the other party.

          Terms and Conditions of the agreement:

          (a)   Remuneration

                (i)     The Company agrees to issue 250,000 fully paid common
                        shares of DVC at par value, for all services to be
                        performed by Roberts under this agreement
                (ii)    Roberts agrees to enter a pooling agreement at the time
                        the shares are issued wherein he agrees that he will not
                        sell, transfer or otherwise dispose of any of the Shares
                        before 18 months has elapsed from the date the Shares,
                        directly or indirectly, become publicly traded.

          (b)   Expenses

                In addition to the Shares, in (a), above, DVC shall reimburse
                Roberts, for all reasonable and necessary business expenses
                incurred by him in the performance of his duties, including,
                without limitation, expenses for travel, meals, entertainment
                and other miscellaneous business expenses.  Roberts shall submit
                to DVC written, itemized expense accounts for approval with such
                additional substantiation and justification as DVC may
                reasonably request.

          (c)   Non-Competition

                During the term of this agreement and for a term of one year
                after its termination, Roberts covenants and agrees that he will
                not directly or indirectly, whether as owner, shareholder,
                director, agent, officer, consultant, independent contractor, or
                in any other capacity whatsoever, of a corporation, partnership
                or proprietorship, compete with DVC or any of its affiliates.

<PAGE>

                        DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                                (A Nevada Corporation)
                            (A Development Stage Company)
                      Notes to Consolidated Financial Statements
                                    June 30, 2002
                                    (In US Dollars)
                                      (Unaudited)



Note 15.  PROPOSED DEBT FINANCING

          The Company has, in January, 2002 entered into negotiations with a
          group of seven company shareholders for loans totaling in the
          aggregate $300,000 US, non-interest bearing, for a term of twenty-four
          months, secured by promissory notes to be issued to each lender for
          the specific amounts borrowed by the Company.

          To June 30, 2002, $96,000 US has been advanced to the Company and is
          included in amounts advanced by related parties (see note 7).

Note 16.  PROPOSED ACQUISITION/PROPOSED CHANGE OF CONTROL

          Subsequent to June 30, 2002, the Company entered into an Asset
          Purchase Agreement ( the "Agreement") with Beijing Super Energy Yu
          Heng Technology Developments Co. Ltd. ("Super Energy"). Pursuant to
          the Agreement, the Company would acquire all of the assets of Super
          Energy Yu Hen Co. Ltd, a 100% owned subsidiary of Super Energy in
          exchange for 12,000,000 shares of the Company, representing
          approximately 48.18 percent of the outstanding shares of the Company.
          Closing of the Agreement would result in a change in control of the
          Company. As of the date of this filing, the Agreement had not been
          closed.

<PAGE>

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion should be read in conjunction with the accompanying
financial statements for the three-month and six month periods ended June 30,
2002 and June 30, 2001 and the Annual Report Form 10KSB filed by the Company on
April 8, 2002 for the 2001 fiscal year.

Special Note Regarding Forward-Looking Statements - Certain statements in this
report and elsewhere (such as in other filings by the Company with the
Securities and Exchange Commission, press releases, presentations by the Company
or its management and oral statements) may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as "expects", "anticipates", "intends", "plans",
"believes", "seeks", "estimates", and "should" and variations of these words and
similar expressions, are intended to identify these forward-looking statements.
The Company undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements, which may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

Results of operations - comparison of the three and six month periods ended June
30, 2002 and June 30, 2001.

The Company is a development stage company and, through its wholly owned Chinese
foreign enterprise Tianjin Navada Digital World Technologies Co. Ltd. ("WOFE"),
will manage the operations of a Chinese domestic enterprise, CNTime Group,
pursuant to the terms of a profit sharing agreement ("PSA") which provides for
the Company to receive 80% of the profits from the operations of the Chinese
venture with the Company required to provide certain agreed upon capital. In
the event that the Company is unable to (i) provide the required capital or (ii)
obtain an extension for providing the capital, the profit allocation under the
PSA will be adjusted based on the percentage of capital actually contributed.
The original PSA dated May 2000 was amended on May 31, 2001 and is currently
being re-negotiated.

Formal Chinese business operations have not as yet commenced. There was no
revenue for the quarter and also no revenue earned during the comparable quarter
in 2001. Expenses during the quarter, which included costs of operations of
Digital Village World Technologies (Canada) Inc. ("DV-Canada"), which was
acquired by the Company on December 18, 2000, were $24,469 as compared to
$36,747 for the comparable period in 2001. The 2002 figure included a $2,840
provision for depreciation. As a result, for the quarter ended June 30, 2002,
the Company had a net loss of $24,469, as compared to a loss of $36,747 for the
same quarter of 2001.

<PAGE>

General and administrative expenses were $24,469 for the three-month period
ended June 30, 2002 versus $36,747 for the corresponding period in 2001. The
expenses were primarily due to operating costs of DV-Canada which included
expenditures of $5,933 for rental expenses, $1,530 in telephone and utilities
costs, a credit balance for transfer agent fees of <$7,188>, and $5,273 for
travel and promotion. Professional fees for the quarter were $15,212 as against
$800 during the 2001 quarter. The 2001 comparative quarterly period reflected
costs of $8,362 for rental expenses, $1,995 for telephone and utility costs, nil
for transfer agent costs, and $7,817 for travel and promotion. Salaries and
benefits expenses were nil for the period ended June 30, 2002 against $9,798 in
the corresponding period in 2001.

During the six-month period ended June 30, 2002, expenses totaled $50,088 which
included $10,923 for rental expenses, $2,862 in telephone and utilities costs,
an overall credit amount of <$3,733> for transfer agent costs and $11,530 for
travel and promotion. The 2001 comparative six-month period reflected costs of
$14,411 for rental expenses, $13,819 in telephone and utilities costs, $5,911
for transfer agent fees and $21,872 for travel and promotion. Salaries and
benefits were $1,428 for the six-month period ended June 30, 2002 against
$36,258 in the comparable period in 2001. Professional fees for the 2002
six-month period totaled $17,080 as against $24,476 in the 2001 comparative
period. Revenues for the six-month period ended June 30, 2002 were nil as
compared to $3,766 during the comparable six-month period in 2001.

For the remainder of the current fiscal year, the Company expects to incur a
loss as a result of expenses associated with compliance with the reporting
requirements of the Securities Exchange Act of 1934 and costs related to launch
of Chinese operations. During the balance of the 2002 fiscal year, the Company
expects to launch its Chinese operations coincident with the closing of a
significant equity financing.

Liquidity and Capital Resources

The cash balance at the end of the period was $4,520 compared to $8,828 at June
30, 2001. Accounts receivable at June 30, 2002 were $7,879 and there were no
pre-paid expenses. Comparative figures for June 30, 2001 were $11,706 and
$5,107. For the three-month period ended June 30, 2002, the Company's
activities used cash and cash equivalents of $38,174 compared to a net increase
in cash of $2,897 in the comparable period for 2001. For the six-month period
ended June 30, 2002, the Company's activities increased cash by $2,237 compared
to a usage of $88,729 in the comparable period in 2001.

Working capital was <$766> as at June 30, 2002 versus $10,541 as at June 30,
2001.

The Company has historically relied upon sales of its common stock, debt
instruments and loans from related parties to finance its operations.
Additional financing will be required to meet its obligations under the Profit

Sharing Agreement and for current and long-term development, marketing, and
working capital. To the extent of any shortfall in financing, the Company's
operations will be delayed, curtailed or prevented, and the Company may be
required to suspend or substantially modify its operations.

There were no income taxes incurred for the reporting period.

<PAGE>

PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The Company is not a party to any pending or to the best of its knowledge, any
threatened legal proceedings. No director, officer or affiliate of the Company,
or owner of record or of more than five percent (5%) of the securities of the
Company, or any associate of any such director, officer or security holder is a
party adverse to the Company or has a material interest adverse to the Company
in reference to pending litigation.

ITEM 2.   SALE OF UNREGISTERED SECURITIES

None for the period.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

Not Applicable.

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

During the reporting period, no matters were submitted to a vote of security
holders.

ITEM 5.   OTHER INFORMATION

On July 23, 2002, the Company entered into an Asset Purchase Agreement (the
"Agreement") with Beijing Super Energy Yu Heng Technology Developments Co. Ltd.
("Super Energy"). Puruant to the Agreement, the Company would acquire all of the
assets of Super Energy Yu Hen Co. Ltd, a 100% owned subsidiary of Super Energy
in exchange for 12,000,000 shares of the Company, representing approximately
48.18 percent of the outstanding shares of the Company. Closing of the Agreement
would result in a change in control of the Company. As of the date of this
filing, the Agreement had not been closed.

During the quarter on May 15, 2002, Peng Chen, a director and Vice President of
the Company, resigned his positions for personal reasons.

<PAGE>

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

a.   (i)   The following is a list of exhibits filed as part of this
           quarterly filing on Form 10QSB.

           -   Financial statements for the period ended June 30, 2002.

b.   Filings on Form 8-K

           - none -

                                                                    Exhibit 99.1

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                   SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Digital Village World Technologies,
Inc. (the "Company") on Form 10-QSB for the period ending June 30, 2002, as
filed with the Securities and Exchange Commission on the date hereof (the
"Report'), I, Stephen Dadson, Chief Executive Officer of the Company, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

   (1)   The Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

   (2)   The information contained in the Report fairly presents, in all
material respects, the financial condition and result of operations of the
Company.


/s/ Stephen Dadson
-------------------------------------------
Stephen Dadson
Chief Executive Officer
August 12, 2002

<PAGE>

                                                                    Exhibit 99.2

                             CERTIFICATION PURSUANT TO
                              18 U.S.C. SECTION 1350,
                               AS ADOPTED PURSUANT TO
                    SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Digital Village World Technologies,
Inc. (the "Company") on Form 10-QSB for the period ending June 30, 2002, as
filed with the Securities and Exchange Commission on the date hereof (the
"Report'), I, Richard Wang, Chief Financial Officer of the Company, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

   (1)   The Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

   (2)   The information contained in the Report fairly presents, in all
material respects, the financial condition and result of operations of the
Company.


/s/ Richard Wang
-------------------------------------------
Richard Wang
Chief Financial Officer
August 12, 2002



                                     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.

DIGITAL VILLAGE WORLD TECHNOLOGIES INC.

/s/ Yu Wen Cheng                           /s/ Richard Wang

-------------------------------------      -------------------------------------
Yu Wen Cheng, President                    Richard Wang, Director

Date:   August 14, 2002


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