<PAGE>

                    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 March 31, 2001.

____ 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  X
                                                                           ---
No _____


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. At March 31, 2001, there were
12,895,000 common shares outstanding with a par value of $0.001.

Transitional Small Business Disclosure Format (Check one):
Yes           No    X
    -------      -------
<PAGE>

PART I - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

The unaudited financial statements of the registrant for the three month periods
ended March 31, 2001, and March 31, 2000, are appended hereto. 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.

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 periods ended March 31, 2001 and March
31, 2000 and the Annual Report for the fiscal year ended December 31, 2000 on
Form 10KSB filed by the Company on April 17, 2001.

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.

Comparison of the three-month periods ended March 31, 2001 and March 31, 2000.

Overview

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.

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. ("DV-Canada") in exchange for the
issuance of 8,490,000 shares of its authorized but previously unissued common
stock. The acquisition was accounted for as a purchase, and accordingly, the
operating results for DV-Canada are reported only for the period subsequent to
the acquisition.

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 joint venture, CNTime Group,
pursuant to the terms of a profit sharing agreement ("PSA") dated May 2, 2000
which provides for the Company to receive 80% of the profits from the operations
of the Chinese domestic joint venture with the Company required to provide
capital of at least $4,000,000 over the twelve month period commencing in May
2000. 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 Profit Sharing Agreement will be adjusted based on the
percentage of capital actually contributed.

Results of Operations

Management of the Chinese domestic joint venture, CNTime Group, has not yet
commenced and a revision of the PSA is currently in the process of re-
negotiation. Management believes that a revised PSA will be
<PAGE>

formalized during the second quarter of 2001. Revenue for the quarter was solely
interest earned on deposited funds and was $3,766 compared to $755 in 2000.
Expenses during the quarter, which included costs of operations of DV-Canada,
which was acquired by the Company on December 18, 2000, were $118,342 as
compared to $1,343 for the comparable period in 2000. As a result, for the
quarter ended March 31, 2001, the Company had a net loss of $114,576, as
compared to a loss of $588 for the same quarter of 2000.

General and Administrative Expenses

General and administrative expenses were $71,885 for the period ended March 31,
2001 versus $1,343 for the corresponding period in 2000. The increase was
primarily due to the addition of operating costs of DV-Canada which included
expenditures of $23,676 for professional fees, $11,824 in telephone and
utilities costs and $14,055 for travel and promotion. Salaries and benefits
expenses increased to $46,457 for the period ended March 31, 2001, from a
minimal amount in the corresponding period in 2000. The increase was mainly the
result of an increase in the number of administrative staff associated with the
acquisition of DV-Canada.

Liquidity and Capital Resources

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, costs related to launch of its Chinese operations and continuation of the
Canadian business. The Company expects to launch its Chinese operations
coincident with finalizing the terms of the PSA and confirmation of an equity
financing being completed.

The cash balance at the end of the period was $5,931 compared to $64,535 at
March 31, 2000. This decrease was primarily due to increases in expenditures
related to the acquisition of DV-Canada during 2000 and operating costs
thereafter. For the period ended March 31, 2001, the Company's operating
activities used net cash of $91,626 compared to a positive cash gain of $306 in
the comparable period for 2000. The Company's financing activities during the
period provided net cash of $10,000 which consisted of a private placement of
10,000 shares of common stock at a price of $1.00 per share which also provided
the investor with warrants to purchase up to 5,000 additional common shares at a
price of $2.00 per share any time prior to February 20, 2002.

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 PSA and for current
and long-term development, marketing, and working capital. The Company continues
to pursue opportunities to undertake private equity financings. There can be no
assurance that such financings will take place or, if so, that it will be on
acceptable terms. The failure to obtain adequate financing will result in the
Company's operations being delayed, curtailed or prevented, and the Company may
be required to suspend or substantially modify its operations.
<PAGE>

There were no income taxes incurred for the reporting period.


                                    PART II

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

In February 2001, the Company accepted funds in the amount of $10,000 as payment
for 10,000 unregistered restricted shares of its common shares sold in reliance
upon the transaction exemption afforded by Regulation S under the 1933 Act. The
transaction also included 10,000 warrants which allowed for the warrant holder
to acquire one additional share of the Company's stock for each two warrants, at
a price of $2.00 at any time prior to February 20, 2001. Also during the period,
the Company issued 20,000 restricted common shares pursuant to Regulations at a
price of $1.00 per share as compensation to Yang Geng Qi, a resident of Beijing,
China in consideration of a consulting service agreement entered into on March
10, 2001 between the Company and Yang Geng Qi.

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

None.

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 March 31, 2001.


         b.    Filings on Form 8-K

               (1)  Form 8K filed on January 2, 2001 which reported the
               following items:

                    -    Change in control to Tianjin Teda Yu Cheng Group Co.
                         Ltd. as at December 18, 2000.
<PAGE>

                         -    Acquisition of 100% of the equity of a private
                              Canadian company, Digital Village World
                              Technologies (Canada) Inc. as at December 18,
                              2000.

                         -    Change in certifying accountant from Parker & Co.
                              to Moen and Company as at December 28, 2000.

                  (2)    Form 8K/A filed on January 23, 2001 which included a
                         letter from the Company's previous auditor, Parker &
                         Co., confirming that during their management, there
                         were no disagreements on any matter of accounting
                         principles or practice, financial statements,
                         disclosure or auditing scope or procedure or any
                         reportable event.

                  (3)    Form 8K/A filed on March 5, 2001 which included the
                         pro forma financial statements of the Company
                         reflecting the acquisition of Digital Village World
                         Technologies (Canada) Inc. as at December 18, 2000.



                                  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/ Richard Wang
                                            -----------------------------------
                                            Richard Wang, President
                                            Date: May 18, 2001
<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. (formerly Body Concepts, Corp.)
(A Nevada Corporation)
(A Development Stage Company)

We have reviewed the accompanying Consolidated Balance Sheet of Digital Village
World Technologies, Inc. (formerly Body Concepts, Corp.) (A Nevada Corporation)
(A Development Stage Company) as of March 31, 2001, and the Statement of
Operations, Cash Flows and Changes in Stockholders' Equity for the three month
period then ended. These financial statements are the responsibility of the
Company's management.

We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted 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.

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





         "Moen and Company"

                                                           Chartered Accountants
Vancouver, British Columbia, Canada
May 17, 2001
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (FORMERLY BODY CONCEPTS, INC.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                          Consolidated Balance Sheets
                            March 31, 2001 and 2000
                                (In US Dollars)
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                                        2001               2000
                                                                                    ------------         ----------
<S>                                                                                 <C>                  <C>
                                           Assets
Current Assets
   Cash and cash equivalents (note 3)                                               $      5,931         $  64,535
   Accounts receivable (note 4)                                                           11,706                --
   Prepaid expenses and deposit                                                            5,107                --
                                                                                    ------------         ---------
                                                                                          22,744            64,535
                                                                                    ------------         ---------
Fixed Assets, at cost (note 2)                                                            83,028                --
   Less:  accumulated depreciation                                                        (5,855)               --
                                                                                    ------------         ---------
                                                                                          77,173                --
                                                                                    ------------         ---------
Goodwill, at cost (note 5)                                                                48,070                --
                                                                                    ------------         ---------
                                                                                    $    147,987         $  64,535
                                                                                    ============         =========

                      Liabilities and Stockholders' Equity

Current Liabilities
   Accounts payable and accrued (note 6)                                            $     15,360         $     894
   Current portion of loan (note 8)                                                        6,811
   Due to related party (note 7(b))                                                      144,423                --
                                                                                    ------------         ---------
                                                                                         166,594               894
                                                                                    ------------         ---------
Long-term Liabilities
   Loan payable (note 8)                                                                   8,514                --
                                                                                    ------------         ---------
Stockholders' Equity
   Capital stock (note 10)
    Authorized
     62,500,000 common shares at $0.0004 par value
    Issued
     12,895,000 common shares (2000 - 4,375,000 shares - post split) - par value           5,158             1,750
     Paid in capital in excess of par value of stock                                     105,738            75,750
                                                                                    ------------         ---------
                                                                                         110,896            77,500
   Deficit, accumulated during the development stage                                    (137,665)          (13,859)
   Cumulative translation (note 2)                                                          (352)               --
                                                                                    ------------         ---------
                                                                                         (27,121)           63,641
                                                                                    ------------         ---------
                                                                                    $    147,987         $  64,535
                                                                                    ============         =========
</TABLE>

Approved on behalf of the board:

"Richard Wang"       , Director
---------------------

"Edward Chen"        , Director
---------------------

       See Accompanying Notes and Independent Accountants' Review Report
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (FORMERLY BODY CONCEPTS, INC.)
                            (A Nevada Corporation)
                        (A Development Stage Company)
                     Consolidated Statements of Operations
                               (In US Dollars)
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                           Cumulative From                 Three Months
                                                           Inception Date                      Ended
                                                          of Sep. 15, 1998                   March 31,
                                                            to March 31,        ----------------------------------------
                                                               2001                  2001                    2000
                                                        ------------------      ----------------          --------------
<S>                                                     <C>                     <C>                       <C>
Revenue
    Interest and other income                           $            7,620      $          3,766          $          755
                                                        ------------------      ----------------          --------------

Administration Costs
    Advertising                                                        712                    --                      --
    Bank charges and interest                                        1,025                   520                      33
    Consulting                                                       7,327                 1,323                      --
    Depreciation                                                     5,855                 5,349                      --
    License, dues and insurance                                        985                                            --
    Office costs                                                     3,496                 3,178                      --
    Rentals and leases                                               8,270                 6,049                     500
    Professional fees                                               31,613                23,676                     550
    Salary and benefits                                             30,404                26,457                      --
    Stock-based compensation                                        20,000                20,000                      --
    Telephone and utilities                                         12,357                11,824                      --
    Transfer agent and filing fees                                   7,247                 5,911                     260
    Travel and promotion                                            15,994                14,055                      --
                                                        ------------------      ------------------        --------------
                                                                   145,285               118,342                   1,343
                                                        ------------------      ----------------          --------------
Net profit (loss) for the period                        $         (137,665)     $       (114,576)         $         (588)
                                                        ==================      ================          ==============

Basic and diluted profit (loss) per share                                       $          (0.01)         $        (0.00)
                                                                                ================          ==============
Weighted average number of
    common shares used to
    compute basic and fully
    diluted loss per share                                                            12,875,000               4,375,000
                                                                                ================          ==============
</TABLE>

       See Accompanying Notes and Independent Accountants' Review Report
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (FORMERLY BODY CONCEPTS, INC.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                     Consolidated Statements of Cash Flows
                                (In US Dollars)
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                      Cumulative From              Three Months
                                                      Inception Date                  Ended
                                                     of Sep. 15, 1998               March 31,
                                                       to March 31,       -----------------------------
                                                           2001               2001              2000
                                                      -------------       ------------       ----------
<S>                                                  <C>                  <C>                <C>
Cash derived from (used for)
   Operating activities
    Profit (loss) for the period                      $    (137,665)      $   (114,576)      $    (588)
    Items not requiring use of cash
     Depreciation                                             5,855              5,349              --
     Stock-based compensation                                20,000             20,000
    Cumulative translation                                     (352)               116              --
    Changes in non-cash
     working capital items
     Accounts receivable                                    (11,706)            (1,386)             --
     Prepaid expenses and deposit                            (5,107)            (5,107)             --
     Accounts payable and accrued                            15,360             (4,319)            894
                                                      -------------       ------------       ---------
                                                           (113,615)           (99,923)            306
                                                      -------------       ------------       ---------
   Financing activities
    Issuance of shares                                       90,896             10,000              --
    Loan payable                                             15,325             (1,703)             --
    Due to related parties                                  144,423                 --              --
                                                      -------------       ------------       ---------
                                                            250,644              8,297              --
                                                      -------------       ------------       ---------
   Investing activities
    Capital assets purchased                                (83,028)                --              --
    Goodwill                                                (48,070)                --              --
                                                      -------------       ------------       ---------
                                                           (131,098)                --              --
                                                      -------------       ------------       ---------
Cash and cash equivalents, increase (decrease)
        during the period                                     5,931            (91,626)            306
Cash and cash equivalents, beginning of period                                  97,557          64,229
                                                      -------------       ------------       ---------
Cash and cash equivalents, end of period              $       5,931       $      5,931       $  64,535
                                                      =============       ============       =========
</TABLE>

       See Accompanying Notes and Independent Accountants' Review Report
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (FORMERLY BODY CONCEPTS, INC.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                 Statement of Changes in Stockholders' Equity
        From Date of Inception on September 15, 1998 to March 31, 2001
                               (In U.S. 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)
                                                  ----------------------------------------------------------------------------------
                                                  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
 Net loss for three months ended March 31, 2001                                                (114,576)                 (114,576)
 Cumulative translation                                                                                      116              116
                                                  ----------------------------------------------------------------------------------
Balance, March 31, 2001                           12,895,000   $5,158  $105,738   $110,896    $(137,665)   $(352)        $(27,121)
                                                  ==================================================================================
</TABLE>


       See Accompanying Notes and Independent Accountants' Review Report
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. 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.

           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:


<TABLE>
<CAPTION>
                  <S>                                                             <C>
                  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
                                                                                  ===============
</TABLE>
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. 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
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

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

         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".

         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
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

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

        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.

        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 at March 31, 2001 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 March 31, 2001, the fixed assets and accumulated depreciation
             are as follows:
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)


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


                                          At Cost    Accumulated     Net Book
                                       (12/18/00)   Depreciation        Value
                                     ------------   ------------  -----------
             Office equipment        $      5,430   $        291        5,139
             Vehicles                      28,350          1,586       26,764
             Computer equipment            49,248          3,978       45,270
                                     ------------   ------------  -----------
                                     $     83,028   $      5,855  $    77,173
                                     ============   ============  ===========


        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.

        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.
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

        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:

                                                    Three Months Ended
                                                        March 31,
                                             --------------------------------
                                                  2001             2000
                                             --------------   ---------------
        Beginning balance                    $        (468)   $           --
        Change during the period                       116                --
                                             --------------   ---------------
        Ending balance                       $        (352)   $           --
                                             ==============   ===============

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

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

        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. During the current year, the Company performed
        a review of its revenue recognition policies and determined that it is
        in compliance with SAB 101.

        Web Site Development Expenses
        Web site development expenses relate to the development of new online
        services and consist of employee compensation, as well as costs for
        content, facilities and equipment. The consensus in the Financial
        Accounting Standards Board Emerging Issues Task Force (EITF) Issue No.
        00-2, Accounting for Web Site Development Costs, requires that certain
        costs to develop Web sites be capitalized (and amortized) or expensed,
        depending on the nature of the costs.
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)


        Shipping and Handing Fees and Costs
        In September 2000, the Financial Accounting Standards Board Emerging
        Issues Task Force (EITF) reached a final consensus on EITF Issue No. 00-
        10, Accounting for Shipping and Handling Fees and Costs. This consensus
        requires that all amounts billed to a customer in a sale transaction
        related to shipping and handling, be classified as revenue. The Company
        historically has netted shipping charges to customers with shipping and
        handling costs which are included in operating expenses in the
        Statements of Operations. With respect to the classification of costs
        related to shipping and handling incurred by the seller, the EITF
        determined that the classification of such costs is an accounting policy
        decision that should be disclosed. The Company will adopt the consensus
        in the Issue in fiscal 2001.

Note 3.   CASH AND CASH EQUIVALENTS - $5,931

           The total for cash and cash equivalents as at March 31, 2001, is made
           up as follows:

              Cash in bank current accounts              $       2,432
              Cash in lawyer's trust account                     3,499
                                                         -------------
              Total                                      $       5,931
                                                         =============

Note 4.   ACCOUNTS RECEIVABLE - $11,706

           The accounts receivable of $11,706 as at March 31, 2001 is the
           Canadian Goods and Services Taxes refundable

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 is being amortized over ten years,
           commencing after receive from proposed operations.

Note 6.   ACCOUNTS PAYABLE - $15,360

           Details of the total of accounts payable and accrued as at March 31,
           2001, are as follows:

              Blake, Cassels & Graydon, LLP                      $  1,533
              Frascona, Joiner, Goodman and Greenstein, P.C.
                Accrued legal fees                                  1,871
              Telephone Bills                                       3,512
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

              Office rent and courier expenses                3,634
              Payroll and payroll deductions payable          4,810
                                                        -----------
              Total                                     $    15,360
                                                        ===========

Note 7.   RELATED PARTY TRANSACTIONS - DVC

           The amount of $144,423 is due to a related party, Tianjin Teda Yu
           Cheng Group, as at March 31, 2001 for loans that they have advanced
           to the Company. This amount is unsecured, non interest bearing, with
           no specific terms of repayment.

Note 8.   LOAN PAYABLE - $15,325

           As at January 1, 2000, Mr. Richard Wang, Director and President of
           the Company transferred a loan to DVC which was signed by him on June
           21, 1999 with Ford Credit Canada Limited for financing of CAD$40,869
           for purchase of a new vehicle with the interest rate of 0.10% per
           annum for a total of 48 payments with each payment of CAD$851.44
           principal and interest. The first payment commenced on July 21, 1999
           and the last payment is due on June 21, 2003. This loan is guaranteed
           by Mr. Richard Wang. As at March 31, 2001, the principal balance is
           as follows:
                               Initial loan                       $     27,246
                               Repayment to March 31, 2001              11,921
                                                                  ------------
                               Balance, March 31, 2001                  15,325
                               Current portion of loan                   6,811
                                                                  ------------
                               Loan term loan at March 31, 2001   $      8,514
                                                                  ============

Note 9.   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:
                   2001        CAD$ 8,000
                   2002        CAD$ 8,000
                   2003        CAD$   667

        b)  Lease of Premises
            DVC has lease obligations for office premises in 2001 for
            CAD$25,369.

Note 10.  CAPITAL STOCK

        a)  Authorized: 62,500,000 common shares with a par value of $0.0004 par
            value.
        b)  Issued and outstanding as at March 31, 2001, are as follows:


<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                                         Additional
                                             Issued        Number of          Par          Paid-in
                                              Date          Shares           Value         Capital          Total
                                          ------------  ---------------   -----------   -------------   -------------
              <S>                         <C>           <C>               <C>           <C>             <C>
              private placement            9/15/1998         1,000,000    $    1,000    $      1,500    $      2,500
              private placement           12/31/1998           750,000           750          74,250          75,000
                                                        ---------------    ----------   -------------   -------------
              Balance                     12/31/1998         1,750,000         1,750          75,750          77,500
                                                        ---------------    ----------   -------------   -------------
              Balance                     12/31/1999         1,750,000         1,750          75,750          77,500
                                                        ---------------    ----------   -------------   -------------
              Balance, before
                forward split              5/19/2000         1,750,000    $    1,750    $     75,750    $     77,500
                                                        ===============    ==========   =============   =============
              2.5:1 forward split          5/19/2000         4,375,000         1,750          75,750          77,500
              Share exchange              12/18/2000         8,490,000         3,396                           3,396
                                                        ---------------    ----------   -------------   -------------
              Balance                     12/31/2000        12,865,000         5,146          75,750          80,896
              issued for cash               2/7/2001            10,000             4           9,996          10,000
              issued for compensation      3/30/2001            20,000             8          19,992          20,000
                                                        ---------------    ----------   -------------   -------------
              Balance                      3/31/2001        12,895,000    $    5,158    $    105,738    $    110,896
                                                        ===============   ===========   =============   =============
</TABLE>

Note 11.  INCOME TAXES

        a)  The most recent Federal Income Tax filing for the Company for the US
            was for the year ended December 31, 1999, disclosing no income taxes
            payable to the US Internal Revenue Service.

        b)  There is a loss of $137,665 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 12.  FINANCIAL INSTUMENTS

          The Company's financial instruments consist of cash and cash
          equivalents, accounts receivable, prepaid expenses and deposit,
          accounts payable and accrued, current portion of loan due to related
          party and long-term loan payable . 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 13.  PENSION AND EMPLOYMENT LIABILITIES
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

         The Company does not have liabilities as at December 31, 2000, for
         pension, post-employment benefits or post-retirement benefits. The
         Company does not have a pension plan.

Note 14.   NEW BUSINESS - PROFIT SHARING AGREEMENT

         By agreement for reference dated May 1, 2000, 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 New 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);
                    (iii) The New 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 New Business and to
                          raise working capital for the New 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 New 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 New 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 New
                          Business. )
                    (ii)  Net Profits will be defined according to GAAP as
                          determined by the auditor of the New Business,
                          approved by DVC.
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)


Note 14.   NEW BUSINESS - PROFIT SHARING AGREEMENT (cont'd)

                    (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 New
                          Business as working capital and that the balance
                          distributed to the parties on a 80/20 basis, at each
                          parties option. Either party may choose to leave their
                          portion of the Net Profits in the New Business as
                          addition to a loan account owed to that party by the
                          New 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 New 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 New 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.

         (f)        Capital
                    (i)   DVC, through the WOFE, will provide capital of not
                          less than $4 Million 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 $4 Million US.
                    (iii) Yu Cheung will assist the WOFE to have all capital
                          contribution registered as loans to the New Business
                          in order to ensure that when the New Business is able
                          that DVC will be able to repatriate the Capital out
                          of China should DVC so elect.

         (g)        Annual Budget
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

Note 14.     NEW BUSINESS - PROFIT SHARING AGREEMENT (cont'd)

                    The parties agree that they will on an annual basis agree
                    upon an annual budget, prepared in accordance with 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
                    3/rd/ 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.

         (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.


                    (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
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

                          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.

         (k)        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.

         (l)        Initial Agreement
                    The parties agree that this agreement is an initial
                    agreement and that it may be superceded by a more
                    comprehensive agreement but until then the parties agree
                    this agreement will prevail.

Note 15.     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
<PAGE>

                   DIGITAL VILLAGE WORLD TECHNOLOGIES, INC.
                        (formerly Body Concepts, Inc.)
                            (A Nevada Corporation)
                         (A Development Stage Company)
                  Notes to Consolidated Financial Statements
                                March 31, 2001
                               (In U.S. Dollars)
                                  (Unaudited)

                  (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.


Note 16.  SUBSEQUENT EVENT

          Proposed Equity Funding

          The Company is currently in the final stages of negotiation with a
          major investor with respect to an investment into the Company.

          No definitive agreements have been signed at the date of these
          financial statements, and would be subject to regulatory approvals.