SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   Form 10-QSB

                   [X] QUARTERLY REPORT PURSUANT TO SECTION 13
                 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                        For Quarter ended March 31, 2004

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

      For the transition period from _________________ to ________________

                          Commission File No 000-49656

                            KSIGN INTERNATIONAL INC.
                  --------------------------------------------
             (Exact name of registrant as specified in its charter)

           Nevada                                              87-0772357
           ------                                              ----------
(State or other jurisdiction                           (IRS Employer ID Number)
of incorporation or organization)

         5650 Yonge Street, Suite 1500, Toronto, Ontario M2M 4G3 Canada
               --------------------------------------------------
                    (Address of principal executive offices)

                                 (416)-226-7268
                            -------------------------
                           (Issuer's Telephone Number)

                                       N/A
               --------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED
TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING
THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS
REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH FILING
REQUIREMENTS FOR THE PAST 90 DAYS.
                           Yes  X                 No


     As of March 31, 2004, the Issuer had 47,696,375 shares of Common Stock, par
value $.001 per share, issued and outstanding.

<PAGE>


Item 1. Financial Statements and Exhibits

     (a)  The unaudited financial statements of Registrant for the three months
          ended March 31, 2004, follow. The financial statements reflect all
          adjustments which are, in the opinion of management, necessary to a
          fair statement of the results for the interim period presented.



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


Results of Operation

In accordance with a Share Exchange Agreement dated September 5, 2003, the
Registrant entered into a reverse-takeover transaction with KSign Co., Ltd.
(KSign), whereby all the issued and outstanding shares of KSign were exchanged
for 32,800,000 shares of restricted stock of the Registrant. As result of the
transaction, the shareholders of KSign own 69% of the issued and outstanding
stock of the Registrant. Accordingly, while the registrant is the legal parent,
KSign became the parent company for accounting purposes.

The registrant's sales revenue for the quarter ended March 31, 2004 was
$258,671, compared to $460,662 for the comparable period ended March 31, 2003.
The reduction in revenue was due to the slow Korean economy. The effects of
lower revenues were mitigated somewhat by higher gross margin during 2004. The
operating loss for the quarter ended March 31, 2004 was ($458,001), compared to
($393,116) for the quarter ended March 31, 2003. The loss increase was due
mostly to additional expenses incurred to complete the merger between the
Registrant and KSign.


Overview

The Registrant, through its operating subsidiary KSign Co. Ltd. of South Korea,
("KSign") is a software development company focused on internet security
solutions. KSign is a leading provider of Public Key Infrastructure ("PKI") and
Wireless Public Key Infrastructure ("WPKI") security solutions located in South
Korea. KSign designed, developed and delivered fundamental information security
principals enabling developers, governments and enterprises to add strong
security to their devices, networks and applications.

KSign Co. Ltd., began operations in November of 1999. Headed by CEO Ki-Yoong
Hong, KSign currently has 46 employees. The main operations of KSign is located
at 12F/ Hanmi B/D, 192-19 Nonhyun-dong, Gangnam-ku, Seoul, Korea, 135-010.
KSign's internet site can be found at www.ksign.com.

<PAGE>


Trends

Internet usage has been growing rapidly and this growth is anticipated to
continue for the next while. Due to the uncertainties that exist in the world
today, security will be a high priority for many companies and governments in
Korea and worldwide. With the advent of e-commerce and usage of internet for
data exchange, the demand for secure ways to accommodate the data flow will
continue to be a priority.

The security industry is dynamic and always progressing. With every advancement
in security technology, there is a corresponding advancement in the technology
to breach the defences provided by security solutions. In this environment, the
Company's Management feel that the need for solutions provided by he Company
will also increase rapidly in the next few years.

Liquidity and Sources of Capital

As of March 31, 2004, the Company had cash and cash equivalents
totalling $358,283. Management believes it has the resources necessary to
maintain its current business operations in the short term. However, during the
next twelve months, KSign plans to develop business outside of Korea and with
new products that are nearing completion. In order to pursue these plans,
management feels that the Company will need additional investment capital.
Management has not decided at this time how this money is to be raised. However,
Management feels that it will probably be through the issuance of capital stock
or convertible debt.

Forward-Looking Statements

This Form 10-QSB includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical facts, included or incorporated by reference in this
Form 10QSB which address activities, events or developments which the Company
expects or anticipates, will or may occur in the future, including such things
as future capital expenditures (including the amount and nature thereof),
finding suitable merger or acquisition candidates, expansion and growth of the
Company's business and operations, and other such matters are forward-looking
statements. These statements are based on certain assumptions and analysis made
by the Company in light of its experience and its perception of historical
trends, current conditions and expected future developments as well as other
factors it believes are appropriate in the circumstances. However, whether
actual results or developments will conform with the Company's expectations and
predictions is subject to a number of risks and uncertainties, general economic
market and business conditions; the business opportunities (or lack thereof)
that may be presented to and pursued by the Company; changes in laws or
regulation; and other factors, most of which are beyond the control of the
Company. Consequently, all of the forward-looking statements made in this Form
10-QSB are qualified by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by the Company
will be realized or, even if substantially realized, that they will have the
expected consequence to or effects on the Company or its business or operations.
The Company assumes no obligations to update any such forward-looking
statements.


<PAGE>


                            KSIGN INTERNATIONAL, INC.
                      (FORMERLY WITNET INTERNATIONAL, INC.)

                        CONSOLIDATED FINANCIAL STATEMENTS

                     QUARTERS ENDED MARCH 31, 2004 AND 2003






                                    CONTENTS

Consolidated Balance Sheets                                             1

Consolidated Statement of Operations                                    2

Consolidated Statement of Changes in Stockholders' Equity               3

Consolidated Schedule of Expenses                                       4

Consolidated Statement of Cash Flows                                    5

Notes to Consolidated Financial Statements                         6 - 13


<PAGE>
<TABLE>
<CAPTION>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Consolidated Balance Sheets
March 31, 2004 and 2003
                                                                      2004                      2003

                                                ASSETS
<S>                                                                 <C>                     <C>
Current
    Cash and cash equivalents                                     $   358,283               $ 1,306,278
    Accounts receivable                                             2,019,437                 1,517,440
    Inventory                                                            --                      18,352
    Prepaid and sundry assets                                          56,033                    39,972
    Income taxes recoverable                                           35,154                      --
    Advances receivable (note 3)                                       13,270                     5,912
    Deferred tax (note 6)                                              39,051                    16,033
                                                                  -------------------------------------

                                                                    2,521,228                 2,903,987
Deposits                                                              184,975                   183,517
Equipment (note 4)                                                    330,263                   395,430
Investments (note 5)                                                   13,002                    37,501
Deferred Tax (note 6)                                                 154,658                   110,100
                                                                  -------------------------------------


                                                                  $ 3,204,126               $ 3,630,535
                                                                  =====================================


                                              LIABILITIES
Current
    Accounts payable                                              $   723,666               $   310,380
    Bank loan (note 7)                                                866,800                   797,900
    Due to related party (note 8)                                      97,515                      --
    Loan payable (note 9)                                             150,000                      --
                                                                  -------------------------------------

                                                                    1,837,981                 1,108,280
Accrued Severance Payable                                              98,768                   102,513
                                                                  -------------------------------------


                                                                    1,936,749                 1,210,793
                                                                  -------------------------------------


                                          STOCKHOLDERS' EQUITY
Capital Stock (note 10)                                                47,696                     1,260
Paid in Capital                                                     3,049,803                 3,095,559
Accumulated Other Comprehensive Income                                117,108                   (58,912)
Accumulated Deficit                                                (1,947,230)                 (618,165)
                                                                  -------------------------------------

                                                                    1,267,377                 2,419,742
                                                                  -------------------------------------


                                                                  $ 3,204,126               $ 3,630,535
                                                                  =====================================

                  "KI-YOONG HONG"                                       "HONG-KEE LEE"

                                Director                                                      Director


                                                     - 1 -
<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Consolidated Statement of Operations
Quarters Ended March 31, 2004 and 2003





                                                        2004                       2003

Revenue                                           $    258,671                $    460,662

Cost of Sales                                          219,629                     467,494
                                                  ----------------------------------------


Gross Profit                                            39,042                      (6,832)

Expenses (page 4)                                      497,043                     386,284
                                                  ----------------------------------------


Operating Loss                                        (458,001)                   (393,116)
                                                  ----------------------------------------

Other
    Interest income                                        (75)                     (9,108)
    Interest expense                                    14,112                       4,787
    Other expenses                                       2,956                        (135)
                                                  ----------------------------------------

                                                        16,993                      (4,456)
                                                  ----------------------------------------

Loss Before Income Taxes                              (474,994)                   (388,660)

    Deferred income taxes                              (76,000)                    (62,000)
                                                  ----------------------------------------

Net Loss                                          $   (398,994)               $    (326,660)
                                                  =========================================

Fully Diluted Loss per Share                      $     (0.008)               $     (0.010)
                                                  ========================================

Weighted Average Number of Shares (note 10)         47,657,708                  32,800,000
                                                  ========================================

                                                 -2-

<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Consolidated Statement of Stockholders' Equity
Quarters Ended March 31, 2004 and 2003






                                                                                      Paid in                  Accumulated
                                                                  Capital in            Other                        Total
                                        Number of    Capital       excess of    Comprehensive   Accumulated   Stockholders'
                                           Shares      Stock       Par Value           Income       Deficit         Equity
--------------------------------------------------------------------------------------------------------------------------

Balance, January 1, 2003                1,260,375   $     1,260   $ 3,095,559   $    65,491    $  (291,505)   $ 2,870,805
Foreign exchange on translation              --            --            --        (124,403)          --         (124,403)
Net Income                                   --            --            --            --         (326,660)      (326,660)
                                       ----------------------------------------------------------------------------------

Balance, March 31, 2003                 1,260,375   $     1,260   $ 3,095,559   $   (58,912)   $  (618,165)   $ 2,419,742
                                       ==================================================================================

Balance, January 1, 2004               47,638,375   $    47,638   $ 3,038,261   $    53,298    $(1,548,236)   $ 1,590,961
Common shares issued for services          58,000            58        11,542          --             --           11,600
Foreign exchange on translation              --            --            --          63,810           --           63,810
Net Loss                                     --            --            --            --         (398,994)      (398,994)
                                       ----------------------------------------------------------------------------------

Balance, March 31, 2004                47,696,375   $    47,696   $ 3,049,803   $   117,108    $(1,947,230)   $ 1,267,377
                                       ==================================================================================


                                                        -3-

<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Consolidated Schedule of Expenses
Quarters Ended March 31, 2004 and 2003


                                                         2004             2003

Expenses
    Salaries and benefits                              $212,504         $157,558
    Research and development                             89,603           80,057
    Professional fees                                    86,729           18,023
    Entertainment                                        22,658           17,076
    Taxes and dues                                       13,067           16,745
    Travel                                               11,904           11,943
    Consulting                                           11,600             --
    Rent                                                  8,757           16,864
    Communications                                        8,653            6,053
    Vehicle                                               6,930            3,293
    Advertising                                           4,113           25,922
    Office and general                                    3,757           10,964
    Building maintenance                                  1,618             --
    Insurance                                               870            8,281
    Books and printing                                      742            1,313
    Repairs and maintenance                                 470             --
    Freight                                                 261              304
    Training                                               --                 76
    Depreciation                                         12,807           11,812
                                                       -------------------------


                                                       $497,043         $386,284
                                                       =========================

                                       -4-

<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Consolidated Statement of Cash Flows
Quarters Ended March 31, 2004 and 2003



                                                                        2004                     2003

Cash Flows from Operating Activities
    Net loss                                                       $  (398,994)             $  (326,660)
    Adjustments for working capital and non-cash items:
      Depreciation                                                      39,467                   11,812
      Common shares issued for services                                 11,600                     --
      Accounts receivable                                            1,498,747                1,529,223
      Inventory                                                           --                     71,084
      Prepaid and sundry assets                                        (30,233)                 (30,556)
      Deferred tax                                                     (76,000)                 (62,000)
      Accounts payable                                              (1,029,457)              (1,064,157)
      Income taxes                                                        --                    (36,922)
      Deposits                                                           1,866                     --
      Accrued severance payable                                        (44,960)                  (2,801)
                                                                   ------------------------------------

                                                                       (27,964)                  89,023
                                                                   ------------------------------------

Cash Flows from Investing Activities
    Acquisition of equipment                                            (4,744)                (156,626)
                                                                   ------------------------------------

Cash Flows from Financing Activities
    Bank loan                                                             --                    840,000
    Advances receivable                                                   --                     12,348
                                                                   ------------------------------------

                                                                          --                    852,348
                                                                   ------------------------------------

Foreign Exchange on Cash and Cash Equivalents                           13,101                  (68,924)
                                                                   ------------------------------------

Net (Decrease) Increase in Cash and Cash Equivalents                   (19,607)                 715,821

Cash and Cash Equivalents - beginning of period                        377,890                  590,457
                                                                   ------------------------------------

Cash and Cash Equivalents - end of period                          $   358,283              $ 1,306,278
                                                                   ====================================


                                                       -5-
</TABLE>

<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


1.   Operations and Business

     Ksign International, Inc., formerly Witnet International, Inc. ("the
     Company"), was incorporated in the State of Nevada on February 2, 1998 and
     on October 2, 2002 changed its name from New Cinema Partners, Inc. to
     Witnet International, Inc. On September 30, 2003 the Company changed its
     name to Ksign International, Inc.

     On September 30, 2003, the Company entered into a definitive Share Exchange
     Agreement (the "Agreement") with Ksign Co., Ltd., ("Ksign Korea") a Korean
     corporation and its shareholders. The Agreement provided for the
     acquisition by the Company of 100% of the issued and outstanding capital
     stock of Ksign Korea. In exchange, the shareholders of Ksign Korea received
     32,800,000 shares of the Company. As a result, the shareholders of Ksign
     Korea controlled 69% of the Company. While the Company is the legal parent,
     as a result of the reverse takeover, Ksign Korea became the parent company
     for accounting purposes.

     Upon completion of the share exchange, the business operations of Ksign
     Korea constituted virtually all of the business operations of the Company.
     Ksign Korea provides Public Key Infrastructure ("PKI") based solutions for
     the advancement of internet security. In addition, it has also developed
     many applications including; Extranet Access Management, Key Management
     Infrastructure, PKI-based Conditional Access System, and Secure Web and
     Application Transaction dealing with the usability and deployment aspects
     of PKI. The business operations of Ksign Korea are located in Seoul, Korea.


2.   Summary of Significant Accounting Policies

     The accounting policies of the Company are in accordance with generally
     accepted accounting principles of the United States of America, and their
     basis of application is consistent. Outlined below are those policies
     considered particularly significant:

     a)   Basis of Financial Statement Presentation

          These financial statements have been prepared in conformity with
          accounting principles generally accepted in the United States of
          America with the assumption that the Company will be able to realize
          its assets and discharge its liabilities in the normal course of
          business.

     b)   Basis of Consolidation

          The merger of the Company and Ksign Korea has been recorded as the
          recapitalization of the Company, with the net assets of the Company
          brought forward at their historical basis. The intention of the
          management of Ksign Korea was to acquire the Company as a shell
          company listed on NASDAQ. Management does not intend to pursue the
          business of the Company. As such, accounting for the merger as the
          recapitalization of the Company is deemed appropriate.


                                      -6-
<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


2. Summary of Significant Accounting Policies (cont'd)

     c)   Unit of Measurement

          The US Dollar has been used as the unit of measurement in these
          financial statements.

     d)   Cash and Cash Equivalents

          Cash includes currency, cheques issued by others, other currency
          equivalents, current deposits and passbook deposits. Cash equivalents
          includes securities and short-term money market instruments that can
          be easily converted into cash. The investments that mature within
          three months from the investment date are also included as cash
          equivalents.

     e)   Inventories

          Inventories are stated at the lower of cost or net realizable value,
          determined by deducting selling expenses from selling price.

          The cost of inventories is determined by the specific identification
          method.

     f)   Investments

          Investments in available-for-sale securities are being recorded in
          accordance with FAS-115 "Accounting for Certain Investments in Debt
          and Equity Securities". Equity securities that are not held
          principally for the purpose of selling in the near term are reported
          at fair market value with unrealized holding gains and losses excluded
          from earnings and reported as a separate component of stockholders'
          equity.

     g)   Equipment

          Equipment is stated at cost. Major renewals and betterments are
          capitalized and expenditures for repairs and maintenance are charged
          to expense as incurred. Depreciation is computed using the straight
          line method over 5 years.


                                       -7-
<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


2.   Summary of Significant Accounting Policies (cont'd)

     h)   Revenue Recognition

          The Company generates revenues from product sales, licensing, customer
          services and technical support.

          Revenues from products sales are recognized in accordance with Staff
          Accounting Bulletin No. 101 "Revenue Recognition in Financial
          Statements" ("SAB No. 101") when delivery has occurred provided there
          is persuasive evidence of an agreement, the fee is fixed or
          determinable and collection of the related receivable is probable. On
          going service and technical support contracts are negotiated
          separately at an additional fee.

          Technology license revenues are recognized in accordance with SAB No.
          101 at the time the technology and license is delivered to the
          customer, collection is probable, the fee is fixed and determinable, a
          persuasive evidence of an agreement exists, no significant obligation
          remains under the sale or licensing agreement and no significant
          customer acceptance requirements exist after delivery of the
          technology.

          Revenues relating to customer services and technical support are
          recognized as the services are rendered ratably over the period of the
          related contract.

     i)   Currency Translation

          The Company's functional currency is Korean won. Adjustments to
          translate those statements into U.S. dollars at the balance sheet date
          are recorded in other comprehensive income.

          Foreign currency transactions of the Korean operation have been
          translated to Korean Won at the rate prevailing at the time of the
          transaction. Realized foreign exchange gains and losses have been
          charged to income in the period.



                                      -8-
<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


2.   Summary of Significant Accounting Policies (cont'd)

     j)   Financial Instruments

          Fair values of cash equivalents, short-term and long-term investments
          and short-term debt approximate cost. The estimated fair values of
          other financial instruments, including debt, equity and risk
          management instruments, have been determined using market information
          and valuation methodologies, primarily discounted cash flow analysis.
          These estimates require considerable judgment in interpreting market
          data, and changes in assumptions or estimation methods could
          significantly affect the fair value estimates.

     k)   Income Tax

          The Company accounts for income taxes pursuant to SFAS No. 109,
          "Accounting for Income Taxes". Deferred taxes are provided on a
          liability method whereby deferred tax assets are recognized for
          deductible temporary differences, and deferred tax liabilities are
          recognized for taxable temporary differences. Temporary differences
          are the differences between the reported amounts of assets and
          liabilities and their tax bases. Deferred tax assets are reduced by a
          valuation allowance when, in the opinion of management, it is more
          likely than not that some portion or all of the deferred tax assets
          will not be realized. Deferred tax assets and liabilities are adjusted
          for the effects of changes in tax laws and rates on the date of
          enactment.

     l)   Earnings or Loss per Share

          The Company adopted FAS No.128, "Earnings per Share" which requires
          disclosure on the financial statements of "basic" and "diluted"
          earnings (loss) per share. Basic earnings (loss) per share is computed
          by dividing net income (loss) by the weighted average number of common
          shares outstanding for the year. Diluted earnings (loss) per share is
          computed by dividing net income (loss) by the weighted average number
          of common shares outstanding plus common stock equivalents (if
          dilutive) related to stock options and warrants for each year.

                                      -9-


<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


2.   Summary of Significant Accounting Policies (cont'd)

     m)   Concentration of Credit Risk

          SFAS No. 105, "Disclosure of Information About Financial Instruments
          with Off-Balance Sheet Risk and Financial Instruments with
          Concentration of Credit Risk", requires disclosure of any significant
          off-balance sheet risk and credit risk concentration. The Company does
          not have significant off-balance sheet risk or credit concentration.
          The Company maintains cash and cash equivalents with major Korean
          financial institutions.

          The Company's provides credit to its clients in the normal course of
          its operations. It carries out, on a continuing basis, credit checks
          on its clients and maintains provisions for contingent credit losses
          which, once they materialize, are consistent with management's
          forecasts.

          For other debts, the Company determines, on a continuing basis, the
          probable losses and sets up a provision for losses based on the
          estimated realizable value.

          Concentration of credit risk arises when a group of clients having a
          similar characteristic such that their ability to meet their
          obligations is expected to be affected similarly by changes in
          economic conditions. The Company does not have any significant risk
          with respect to a single client.

     n)   Use of Estimates

          Preparation of financial statements in accordance with accounting
          principles generally accepted in the United States of America requires
          management to make estimates and assumptions that affect the amounts
          reported in the financial statements and related notes to financial
          statements. These estimates are based on management's best knowledge
          of current events and actions the Company may undertake in the future.
          Actual results may ultimately differ from estimates, although
          management does not believe such changes will materially affect the
          financial statements in any individual year.


3.   Advances Receivable

     The advances to employees are non-interest bearing and are due on demand.



                                      -10-
<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


<TABLE>
<CAPTION>


4.    Equipment

      Equipment is comprised as follows:
                                                                 2004                                     2003
                                                          Accumulated                              Accumulated
                                             Cost        Depreciation                Cost         Depreciation
--------------------------------------------------------------------------------------------------------------

<S>                                    <C>                  <C>                 <C>                  <C>
      Furniture and fixtures           $ 321,776            $ 225,825           $ 256,270            $ 157,912
      Machinery and equipment            110,491               79,713             101,708               50,101
      Software                           446,184              200,404             402,740               90,628
      Government grant                   (42,246)                --               (66,647)                --
                                       -----------------------------------------------------------------------

                                       $ 836,205            $ 505,942           $ 694,071            $ 298,641
                                       -----------------------------------------------------------------------


      Net carrying amount                                   $ 330,263                                $ 395,430
                                                            ---------                                ---------
</TABLE>

5.   Investments

     The investment is a 5.93% equity interest in an unrelated, non-public
     Korean company. The investment has been written down to the net book value
     of the company as at the period-end date which approximates the fair value
     of the company.


6.  Income Taxes

     The Company accounts for income taxes pursuant to SFAS No. 109, "Accounting
     for Income Taxes". This Standard prescribes the use of the liability method
     whereby deferred tax asset and liability account balances are determined
     based on differences between financial reporting and tax bases of assets
     and liabilities and are measured using the enacted tax rates. The effects
     of future changes in tax laws or rates are not anticipated. Corporate
     income tax rates applicable to the Company are 16.5 percent of the first
     100 million Korean Won ($84,000 US) of taxable income and 29.7 percent of
     the excess.

     Under SFAS No. 109 income taxes are recognized for the following: a) amount
     of tax payable for the current year, and b) deferred tax liabilities and
     assets for future tax consequences of events that have been recognized
     differently in the financial statements than for tax purposes. The Company
     has deferred income tax assets arising from research and development
     expenses. For accounting purposes, these amounts are expenses when
     incurred. Under Korean tax laws, these amounts are deferred and amortized
     on a straight-line basis over 5 years.


                                      -11-
<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


6.   Income Taxes (cont'd)

     The Company has deferred income tax assets as follows:

                                                          2004          2003

Deferred income tax assets
       Research and development expenses
       amortized over 5 years for tax  purposes       $    81,296    $    72,133
  Other timing differences                                 20,977           --
  Loss carry-forwards                                   1,291,436         54,000
  Valuation allowance for deferred income
  tax assets                                           (1,200,000)          --
                                                      --------------------------




                                                      $   193,709    $   126,133
                                                      ==========================


7.   Bank Loan

     The loan is repayable, interest only, at 6.5% per annum calculated monthly.
     The principal is repayable upon maturity on March 26, 2005. The loan is
     guaranteed, for up to 85% of the principal balance, by the Korean
     Technology Credit Guarantee Fund, a government operated fund.


8.   Due From Related Party

     The loan, from a minority shareholder, is non-interest bearing, unsecured
     and due on demand.


9.   Loan Payable

     The loan bears interest at 8.0% per annum and is repayable in two
     installments in April and July 2004.


                                      -12-
<PAGE>


KSIGN INTERNATIONAL, INC.
(FORMERLY WITNET INTERNATIONAL, INC.)
Notes to Consolidated Financial Statements
March 31, 2004 and 2003


10.   Capital Stock

        Authorized
           150,000,000 common shares,
           par value $0.001 per share
                                                             2004         2003

        Issued
           47,696,375 common shares
           (1,260,375 in 2003)                            $  47,696     $ 1,260
--------------------------------------------------------------------------------


     In September 2003, the Company issued 32,800,000 common shares, in exchange
     for all the outstanding common shares of Ksign Korea as described in note
     1.

     In November 2003, the Company issued 10,300,000 common shares for
     consulting services valued at $412,000 with regard to the reverse takeover
     transactions as described in note 1.

     In December 2003, the Company issued 4,158,000 common shares for payment of
     accounts payable and shareholder loans valued at $191,610.

     In December 2003, the Company cancelled 880,000 common shares for no
     consideration. These shares were initially issued at par value of $880 for
     services that were never completed.

     In March 2004, the Company issued 58,000 common shares for consulting
     services valued at $11,600.

     In September 2003, the Company authorized a 10 for 1 reverse stock split of
     its common shares. This split has retroactively been taken into
     consideration in the consolidated financial statements and the calculation
     of earnings per share.


11.  Contingent Liabilities and Commitments

     The Company is committed to lease obligations for its offices expiring
     December 2005. Future minimum annual payments (exclusive of taxes,
     insurance and maintenance costs) under the lease are as follows:

                 2005                                      $   64,150
                 2006                                          48,114
                                                           ----------

                                                           $  112,264
                                                           ----------

                                      -13-

<PAGE>



                                      PART II

Item 6.  Exhibits and reports on Form 8-K

          (a)  The exhibits required to be filed herewith by Item 601 of
               regulation S-B, as described in the following index of exhibits,
               are incorporated herein by reference, as follows:

Exhibit No.       Description
----------     --------------------------------------------------------------
31.1           Certification by Chief Executive Officer pursuant to
                 Section 302 of the Sarbanes-Oxley Act of 2002
31.2           Certificate by Chief Financial Officer pursuant to
                 Section 302 of the Sarbanes-Oxley Act of 2002
32.1           Certification by Chief Executive Officer pursuant to
                 Section 906 of the Sarbanes-Oxley Act of 2002
32.2           Certification by Chief Financial Officer pursuant to
                 Section 906  of the Sarbanes-Oxely Act of 2002


          (b)  The Company did not file any reports on Form 8-K during the
               quarter ended March 31, 2004.


                                      -14-


<PAGE>


                                   SIGNATURES



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

Dated:   May 27, 2004              KSIGN INTERNATIONAL, INC.

                                   /s/  Ki-Yoong Hong
                                   --------------------------------------------
                                        Ki-Yoong Hong, CEO/President



                                   /s/ Hong-Kee Lee
                                   --------------------------------------------
                                       Hong-Kee Lee, CFO, Secretary, Treasurer



                                      -15-