`FORM 10-K-SB/A

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

                       Commission File Number:  000-28429

                           For the Year ended 12/31/02

                               GYK VENTURES, INC.

                                    formerly

                               eWorld Travel Corp.
Nevada                                                                68-0423301
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)

668  North  Coast  Highway  #261,  Laguna  Beach  CA                       92651
(Address of principal executive offices)                              (Zip Code)

Registrant's  telephone  number,  including  area  code:         (949)  487-7285


Securities  registered  pursuant  to  Section  12(b)  of  the  Act:         None

Securities  registered  pursuant  to  Section 12(g) of the Act:     Common Stock

Yes  [X]   No [  ]  (Indicate by check mark whether the Registrant (1) has filed
all  report  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.)

[  ]  (Indicate  by  check  mark  whether  if  disclosure  of  delinquent filers
(Section  229.405)  is not and will not to the best of Registrant's knowledge be
contained  herein,  in  definitive  proxy or information statements incorporated
herein  by  reference  or  any  amendment  hereto.)

As  of  12/31/02  shares  outstanding  of  the  Registrant's  Common  Stock  was
24,780,536.

As  of  3/31/03  shares  outstanding  of  the  Registrant's  Common  Stock  was
44,780,536.

As  of  12/31/02  the  aggregate  number  of  shares  held by non-affiliates was
approximately  2,729,860  shares,  $1,392,286  ,  based  on current bid price of
$0.51.

This amendment is being made to amend a previous made error on page 10.

                                         Exhibit  Index  is  found  on  page  15

                                        1
<PAGE>

INTRODUCTION                                                                   3

PART  I                                                                        3

ITEM  1.  Description  of  Business                                            3

ITEM  2.  Description  of  Property                                            5

ITEM  3.  Legal  Proceedings                                                   5

ITEM  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders          5

PART  II                                                                       6

ITEM  5.  Market  for  Common  Equity  and  Stockholder  Matters               6
      (a)  Market  Information                                                 6
      (b)  Holders                                                             6

 (c)  Dividends                                                                6

 (d)  Sales  of  Unregistered  Common  Stock  2001                             6

ITEM  6.  Management's  Discussion  and  Analysis  or Plan of Operation        7
      (a)  Plan  of  Operation                                                 7
      (b)  Future  Prospects                                                   7
      (c)  Discussion and Analysis of Financial Condition and Results of
           Operations                                                          7

ITEM  7.  Financial  Statements                                                7
      (a)  Audit  Committee                                                    7
      (b)  Financial  Statements                                               8

ITEM  8.  Changes  In  and  Disagreements  With  Accountants
          on  Accounting  and  Financial  Disclosure                           8

PART  III                                                                      8

ITEM  9.  Directors and Executive Officers, Promoters and Control Persons      8

     ITEM  10.  Executive  Compensation                                        9

ITEM  11.  Security Ownership of Certain Beneficial Owners and Management     10

ITEM  12.  Controls  and  Procedures                                          10

ITEM  13.  Attachments, Financial Statements,
           Exhibits, and Reports on Form 8-K                                  12
      (b)  Exhibits                                                           12
      (c)  Form  8-K  Reports                                                 12

                                        2
<PAGE>

                                  INTRODUCTION

     This  Registrant Reporting Company has elected to refer to itself, whenever
possible,  by  normal  English  pronouns,  such  as  "We",  "Us"  and  "Our".

     This  Form  10-KSB  contains  forward-looking  statements.  Such statements
include  statements  concerning  plans,  objectives,  goals,  strategies, future
events,  results  or  performances,  and  underlying  assumptions  that  are not
statements  of  historical  fact.  This  document  and any other written or oral
statements  made  by  us or on our behalf may include forward-looking statements
which  reflect  our  current views, with respect to future events or results and
future financial performance. Certain words indicate forward-looking statements,
words  like  "believe",  "expect",  "anticipate",  "intends",  "estimates",
"forecast",  "projects",  and  similar  expressions.
                                     PART I


                        ITEM 1.  DESCRIPTION OF BUSINESS.


(A) HISTORICAL INFORMATION. eWorld Travel Corp., was organized as a closely held
Nevada  Corporation,  on  December  9,  1998. On September 23, 2002, the Company
filed  its  Definitive 14C Information Statement disclosing the name change from
eWorld  Travel,  Inc.  to  GYK Ventures, Inc.  The name change is do to conflict
recently  discovered  with  another,  non-affiliated  company.

     (a)In  April  2001,  we  authorized  a 1 for 10 reverse split of our common
stock.

     (b)  In  September  2001,  we  authorized  a  1  for  100  reverse  split.

     (c) September 18, 2002, we effected a 1 for 10 reverse split. The following
table  brings  the  share  numbers  current.

     In  the  chronological  narrative  which follows, current share amounts are
inserted in parentheses giving effect to these changes. There follows a table to
coordinate  and  clarify  share  amounts.

     (1)  On  or about January 4, 1999, we extended a limited offering, pursuant
to Rule 504, of Regulation D, as then promulgated by the Securities and Exchange
Commission.  The  offering was 2,000,000 (=200) shares of common stock, at $0.01
per  share,  to twenty investors, including the founders and initial affiliates.
The  2,000,000  (=200)  shares  were  subscribed for and placed to sophisticated
investors,  with  pre-existing  relationships  to  us.

     (2)  On  March  1,  1999,  we authorized an additional placement of 672,000
(=67)  additional  shares  of  common stock, at $0.25 per share, pursuant to the
Rule,  to  eight sophisticated investors, all of whom had previous relationships
with  us,  and  many  of whom had invested in the initial 2,000,000 (=200) share
offering.

     (3)  On  March  31, 1999, we accepted two additional subscriptions from two
accredited  investors,  for  a  total  of 10,000 (=1) shares of common stock, at
$0.20  per  share,  also  pursuant  to  Rule  504.

     (4)  In  April  2001,  we  issued 30,000 (=3,000) shares for other services
valued  at  $75,000,  registered pursuant to Securities Act of 1933 on Form S-8.

     (5)  In  May  2001,  we  issued  500,000  (=50,000) shares to officers, for
services  valued  at  $50,000,  issued  pursuant  to  Section  4(2)  of the Act.

     (6)  In  May  2001,  we  issued  70,000  (=7,000) shares for other services
valued  at  $175,000, registered pursuant to Securities Act of 1933 on Form S-8.

     (7)  Round-up  35  (=3)  shares  re:  1  for  10  reverse  in  April  2001.

                                        3
<PAGE>

     (8)  In  July  2001,  we  issued 100,000 (=10,00) shares for other services
valued  at  $200,000, registered pursuant to Securities Act of 1933 on Form S-8.

     (9)  In  December  2001,  we  issued  20,000,000  (=2,000,000) shares to an
officer,  for services valued at $20,000, issued pursuant to Section 4(2) of the
Act.

     (10)  Round-up  987  (=99)  shares re: 1 for 100 reverse in September 2001.

     (11)  In  Janaury  2002,  we  issued 5,000,000 (=500,000) shares issued for
services  valued  at  $125,000, registered pursuant to Securities Act of 1933 on
Form  S-8.

     (12)  March  2002, we cancelled 50,000 (=5,000) shares previously issued in
July  2001.

     (13)  We  issued  400,000 for debt reduction at $0.20 per share pursuant to
Registration.

     (14)  Round  up  15,166  for  1  for  10  reverse  in  September  2002.

     (15)  We  issued  20,000,000  for  services  at  $0.02  per  share.

     (16)  We  issued  1,800,000  for  services  at  $0.02 per share pursuant to
Registration.

                                        4
<PAGE>

                            ----------------------------------------------------
                                               (a)           (b)           (c)
                               12/31/00        4/01          9/01         9/02
                                             1 for 10     1 for 100     1 for 10
                            ----------------------------------------------------
(1) January 4, 1999           2,000,000        200,000       2,000        200

(2) March 1, 1999               672,000         67,200         672         67
(3) March 31, 1999               10,000          1,000          10          1
                            ----------------------------------------------------
Subtotal                      2,682,000        268,200       2,682        268
                            ====================================================

                                                   (b)              (c)
                                                   9/01            9/02
                                                1 for 100        1 for 10
                                               ---------------------------
                         (1-3) Carried              2,682             268
                         (4) 04/01                 30,000           3,000
                         (5) 05/01                500,000          50,000
                         (6) 05/01                 70,000           7,000
                         (7) Round up                  35               3
                         (8) 07/01                100,000          10,000
                         (9) 12/01             20,000,000       2,000,000
                         (10) Round up                987              99
                                               ---------------------------
                         Total 12/31/01        20,704,804       2,070,480
                                               ===========================
                         Carried               20,703,704       2,070,370

                         (11) 01/02             5,000,000         500,000
                         (12) 03/02               (50,000)         (5,000)
                         (13) 03/02                               400,000
                         (14) Round up                             15,166
                         (15) 03/02                            20,000,000
                         (16) 03/02                             1,800,000
                                               ---------------------------
                         Total 03/31/02                        24,780,536
                                               ===========================

                                        5
<PAGE>

(B)  THE  BUSINESS  OF  REGISTRANT  AND  ITS  SUBSIDIARIES.

Our  Plan of Operation is changed from our 2001 Annual Report. Because of market
conditions  we  have not made substantial progress during this reporting quarter
Management has determined that our business plan has failed, during 2002. We are
now  substantially  dormant  awaiting  clarity  in  the  business  and financial
markets.

(C)  FINANCING PLANS.  None. For more information, please see Item 6 of Part II,
Management's  Discussion  and  Analysis.

(D) PLANNED ACQUISITIONS. There are no planned acquisitions. We are continuously
investigating  means  to  enhance shareholder value. Synergistic acquisitions in
the  future  are  open  to  consideration.

(E)  EMPLOYEES.  We  have two directors, Gery Yakimishyn and J. Dan Sifford.


                        ITEM 2.  DESCRIPTION OF PROPERTY.

     We  have  no  property  and  enjoy  the  non-exclusive  use  of offices and
telephone  of our officers and consultant at the present time. We are billed for
consulting  services,  which  billing  includes  all  such  amenities  provided.


                           ITEM 3.  LEGAL PROCEEDINGS.

     There  are  no  legal  proceedings  pending, threatened or suspected, by or
against  our  Corporation,  as  of  the  preparation  of  this  Report.


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

     On September 10, 2002, our shareholders approved the following name change:

          To  empower  the  Board  of  Directors  to  change  the  name  of this
corporation to GYK Ventures, Inc., or a substantially similar name, in the sound
discretion  of  the  Board.


             The Remainder of this Page is Intentionally left Blank

                                        6
<PAGE>

                                     PART II


           ITEM 5.  MARKET FOR COMMON EQUITY AND STOCKHOLDER MATTERS.

 (A) MARKET INFORMATION.  The Common Stock of this Issuer is now quoted Over the
Counter  on  the Bulletin Board (OTCBB)(November 2000) and previously on the NQB
"Pink  Sheets".  We  have  one  class of securities, Common Voting Equity Shares
(Common  Stock).  The Company's Securities may be quoted in the over-the-counter
market,  but  there is a young, sporadic and potentially volatile trading market
for  them.  Quotations  for,  and transactions in, the Securities are capable of
rapid  fluctuations,  resulting  from  the  influence  of  supply  and demand on
relatively thin volume. There may be buyers at a time when there are no sellers,
and sellers when there are no buyers, resulting in significant variations of bid
and  ask  quotations  by  market-making dealers, attempting to adjust changes in
demand  and  supply.  A  young  market  is also particularly vulnerable to short
selling,  sell  orders  by  persons  owning no shares of stock, but intending to
drive  down  the  market price so as to purchase the shares to be delivered at a
price  below  the price at which the shares were sold short. Based upon standard
reporting  sources,  the  following  information  is  provided:


                     -----------------------------------------------
                      period       high bid     low bid       volume
                     -----------------------------------------------
                     4th 2000          .56        .25         85,000
                     1st 2001          .25        .25          5,000
                     2nd 2001         .249       .235        365,000
                     3rd 2001          .30       .249      1,190,000
                     4th 2001         2.38        .20        800,000
                     1st 2002         1.90       1.10         91,270
                     2nd 2002         2.10       0.05        450,000
                     3rd 2002         0.10       0.02        200,000
                     4th 2002         1.00       0.02      1,000,000


     The  foregoing  price information is based upon inter-dealer prices without
retail  mark-up,  mark-down  or  commissions  and  may  not  reflect  actual
transactions.  The  source  of  the information is Bloomberg Financial Services.

 (B)  HOLDERS. Management calculates that the approximate number of shareholders
of  Record  for  the  Company's  Common  Stock,  as  of  December  31, 2001, was
approximately  45.

 (C) DIVIDENDS.  We have not paid any cash dividends on our Common Stock, and do
not  anticipate  paying  cash dividends on our Common Stock in the next year. We
anticipate  that any income generated in the foreseeable future will be retained
for  the  development  and  expansion of our business. Future dividend policy is
subject  to  the  discretion  of  the  Board of Directors and will depend upon a
number  of  factors,  including  future  earnings,  debt  service,  capital
requirements,  business  conditions,  the financial condition of the Company and
other  factors  that  the  Board  of  Directors  may  deem  relevant.

 (D)  SALES OF UNREGISTERED COMMON STOCK 2001. As a subsequent event, in January
2003,  we  sold 20,000,000 new investment shares to Gabriel Sameniego, for cash,
$2,000.000,  pursuant  to  Section  4(2)  of  the  1933  Act.


       ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

 (A)  PLAN  OF  OPERATION. Our Plan of Operation is changed from our 2001 Annual
Report.  Because  of  market  conditions  we  have not made substantial progress
during  this  reporting quarter Management has determined that our business plan
has  failed,  during  2002.

     CASH  REQUIREMENTS AND OF NEED FOR ADDITIONAL FUNDS: TWELVE MONTHS. We have
no  cash  and certain minimal cash requirements for corporate maintenance, legal
and professional and auditing expenses. Our cash requirements are unchanged from
our  previous  Annual  Report.  We  have no prospects for acquiring this minimal
funding  other  than  shareholder  advances.

                                        7
<PAGE>

     CAUTIONARY  STATEMENT: There can be no assurance that we will be successful
in  raising  capital  through  private  placements  or otherwise. Even if we are
successful  in  raising  capital  through the sources specified, there can be no
assurances  that  any such financing would be available in a timely manner or on
terms acceptable to us and our current shareholders. Additional equity financing
could  be  dilutive  to  our  then existing shareholders, and any debt financing
could  involve  restrictive  covenants  with  respect  to future capital raising
activities  and  other  financial  and  operational  matters.

 (B)  FUTURE  PROSPECTS-DORMANT. We are presently inactive, and expect to remain
so  for  the  balance  of  2003,  or  until clarity emerges in the financial and
business  marketplaces.

 (C)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  have had no revenues for past fiscal years or any interim periods covered by
this  report,  or  to the actual date of this report, from inception. We have no
cash  or assets for the past two fiscal years. We have an accumulated deficit of
$1,218,105.

     Our  independent  auditor has indicated the following material notes to our
financial  statements:

(Note  2-Going Concern) The accompanying financial statements have been prepared
assuming  that the Company will continue as a going concern. The Company has had
recurring  operating  losses  and  is dependent upon raising capital to continue
operations.  The  financial statements do not include any adjustments that might
result  from the outcome of this uncertainty. It is management's plan to find an
operating  company  to  merge  with, thus creating necessary operating revenues.

(Note 3-Development Stage Company) The Company is a development stage company as
defined in Financial Accounting Standards Board Statement 7. It is concentrating
substantially  all of its efforts in raising capital and developing its business
operations  in  order  to  generate  operating  revenues.

(Note  4-Related  Party  Transactions)  Please  refer  to  Note 4 of our Audited
Financial  Statements for more complete information and details on this subject.

     CAUTIONARY  STATEMENT  REPEATED:  There can be no assurance that we will be
successful  in raising capital through private placements, business combinations
or  otherwise.  Even if we are successful in raising capital through the sources
specified, there can be no assurances that any such financing would be available
in  a  timely  manner or on terms acceptable to us and our current shareholders.
Additional  equity  financing,  merger or joint-venture could be dilutive to our
then  existing  shareholders,  and  any debt financing could involve restrictive
covenants  with respect to future capital raising activities and other financial
and  operational  matters.  Even  if  we  are successful in raising capital in a
timely  manner  and  on  terms  acceptable to us and our shareholders, there are
innumerable  risks  of business failure that haunt the path to profitability. We
may  not prove competitive in our areas of focus. Funding may not prove adequate
to  see  us  through  our development stage. We are virtually a start-up company
with  all  of  the  risks  which  attend  new  ventures.


                         ITEM 7.  FINANCIAL STATEMENTS.


 (A)  AUDIT  COMMITTEE.  The Audit Committee of this Corporation for this fiscal
year  consists  of the our Board of Directors. Management is responsible for our
internal  controls  and the financial reporting process. Our independent auditor
is  responsible  for performing an independent audit of our financial statements
in accordance with generally accepted accounting standards and to issue a report
thereon.  It  is  the  responsibility  of  our Board of Directors to monitor and
oversee  these  processes.  In  this  context  the  Committee  has  met and held
discussions  with  management  and  the  independent  accountants.  Management
recommended  to  the  Committee  that  our financial statements were prepared in
accordance  with generally accepted accounting principles, and the Committee has
reviewed  and  discussed  the  financial  statements  with  Management  and such
independent  accountants,  matters  required  to  be  discussed  by Statement on
Auditing Standards No. 61 (Communication with Audit Committees). Our independent
accountants  also  provided to the Committee the written disclosures required by
Independence  Board  Standard  No.  1  (Independent  Discussions  with  Audit
Committees),  and  the Committee discussed with the independent accountants that
firm's  independence.

                                        8
<PAGE>

     Based  upon  the Committee's discussions, and review, of the foregoing, the
Committee recommended that our audited financial statements in our Annual Report
on  Form  10-KSB for the year ended December 31, 2002 be included and filed with
the  Securities  and  Exchange  Commission.

 (B)  FINANCIAL  STATEMENTS.   Audited  Financial  Statements  for  years  ended
December 31, 2002,  and from inception, are provided as Exhibit AFK-02, attached
hereto, filed herewith and incorporated herein by this reference as though fully
set  forth  herein.


             ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
                     ON ACCOUNTING AND FINANCIAL DISCLOSURE.

     None.

                                    PART III


    ITEM 9.  DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS.

     The  following  persons  are  our  Directors,  having taken office from the
inception  of  the  issuer,  to serve until their successors might be elected or
appointed. The time of the next meeting of shareholders has not been determined.

CURRENT  OFFICER/DIRECTOR

     Gerald  Yakimishyn,  age  49,  President,  Founder  and  Director,  will be
coordinating our administrative efforts, and will guide it in its implementation
of  its strategic business plan. Mr. Yakimishyn has a diverse background ranging
from  hands-on,  in-the-field  mineral  exploration experience, to leadership in
secondary-level  industrial  education.  He  was  a  Surrey  School  District
administrator  for  14  years,  before  his  move into the private industry. Mr.
Yakimishyn  was  instrumental  in  the  management  and capitalization of Pierce
Mountain Resources, Carmelita Resources Limited and Meridian Mercantile, Inc., a
merchant  banking organization; before joining Sino Pacific Development in 1996.
He  became  CEO  and  President  of  Sino Pacific Development in 1997. He was an
investor and Director of MarketCentral.Net, an emerging internet company, during
its  recent  organization and launch, retiring November 17, 1999. Mr. Yakimishyn
devotes  only such time to our business as is necessary to perform his duties as
an  officer  and  director.

     J.  Dan Sifford, Jr., age 63, our Secretary/Director appointed August 2001,
grew up in Coral Gables, Florida, where he attended Coral Gables High School and
the  University  of  Miami.  After  leaving the University of Miami, Mr. Sifford
formed a wholesale consumer goods distribution company which operated throughout
the  southeastern  United  States  and  all  of  Latin  America.  In 1965, as an
extension  of  the  operations  of  the  original  company,  he  founded Indiasa
Corporation  (Indiasa),  a  Panamanian  company which was involved in supply and
financing  arrangements  with  many  of  the  Latin  American  Governments,  in
particular,  their  air  forces  and  their  national  airlines.  As  customer
requirements dictated, separate subsidiaries were established to handle specific
activities.  During  each  of  the past five years he has served as President of
Indiasa, which serves only as a holding company owning: 100% of Indiasa Aviation
Corp.  (a  company  which owns aircraft but has no operations); 100% of Overseas
Aviation  Corporation  (a company which owns Air Carrier Certificates but has no
operations);  50%  of  Robmar  International,  S.A.  (a  company  operates  a
manufacturing  plant  in Argentina and Brazil, but in which Mr. Sifford holds no
office). In addition to his general aviation experience, Mr. Sifford, an Airline
Transport  rated pilot, has twenty two years experience in the airline business,
and is currently the President of Airline of the Virgin Islands, Ltd. a commuter
passenger  airline  operating  in  the  Caribbean,  and has been our officer and
director  continuously  during  each  of  the  past  five  years.


                        ITEM 10.  EXECUTIVE COMPENSATION.

     Our  Officers  and  Directors  serve without a plan of compensation at this
time. No plan of compensation has been adopted or is under consideration at this
time.  None  of  the Directors current or former receives, or has ever received,
any  salary  from  us  in their capacities as such. No officers or directors are

                                        9
<PAGE>

under  an  employment  contract  with us. We have no retirement, pension, profit
sharing,  or  insurance or medical reimbursement plans.

     SUMMARY  COMPENSATION, TABLE A. the disclosure of Executive compensation is
now  provided  in  the  tabular  form  required  by  the Securities and Exchange
Commission,  pursuant  to  Regulation  228.402.

<TABLE>
<CAPTION>
<S>                  <C>          <C>        <C>         <C>         <C>       <C>      <C>      <C>
                                                                   |    Long Term Compensation   |
                                                                   |-----------------------------|
                                       Annual Compensation         |        Awards      | Payouts|
                              |------------------------------------------------------------------|--------|
a . . . . . . . . .  b        |       c            d          e    |     f        g     |   h    |   i    |
----------------------------------------------------------------------------------------------------------|
Name. . . . . . . .                                                          Securities                   |
And . . . . . . . .                                          Other    Restric-   Under-          All Other|
Principal . . . .                                         .  Annual     Ted     Lying             Compen- |
Position. . . . . .                                          Compen-   Stock   Options    LTIP     Sation |
                                    Salary       Bonus     Sation ($)  Awards  SARs (#)  Payouts     ($)  |
                         Year         ($)         ($)                   ($)               ($)             |
----------------------------------------------------------------------------------------------------------|
Gerald  Yakimishyn,                                                                                       |
President                2002          0           0            0        0         0        0         0   |
                         2001          0           0            0        0         0        0         0   |
                         2000          0           0            0        0         0        0         0   |
----------------------------------------------------------------------------------------------------------|
J.  Dan  Sifford,                                                                                         |
Secretary-Treasurer      2002          0           0            0        0         0        0         0   |
                         2001          0           0            0   70,000         0        0         0   |
                         2000          0           0            0        0         0        0         0   |
----------------------------------------------------------------------------------------------------------|
</TABLE>

             The Remainder of this Page is Intentionally left Blank

                                       10
<PAGE>

    ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     To  the  best of our knowledge and belief the following disclosure presents
the  total  beneficial  security ownership of all Directors and Nominees, naming
them,  and by all Officers and Directors as a group, without naming them, of us,
known  to  or  discoverable  by  us. To the best of our knowledge and belief the
following  disclosure  presents  the  total  security  ownership of all persons,
entities  and groups, known to or discoverable us, to be the beneficial owner or
owners of more than five percent of any voting class of Registrant's stock. More
than  one  person,  entity or group could be beneficially interested in the same
securities,  so  that  the  total  of all percentages may accordingly exceed one
hundred  percent. Please refer to explanatory notes if any, for clarification or
additional  information.

--------------------------------------------------------------------------------
                                                       Share
  Name and Address of Officer/Director               Ownership              %
--------------------------------------------------------------------------------
J.  Dan  Sifford
668  North  Coast  Highway  #261
Laguna  Beach  CA  92651                            22,050,000           49.24
--------------------------------------------------------------------------------
Gerald  Yakimishyn
11270  Chalet  Road
Sidney B.C. Canada V8L 5M1       President/Director        676            0.00
--------------------------------------------------------------------------------
Officers and Directors as a Group                   22,050,676           49.24
--------------------------------------------------------------------------------
Gabriel  Sameniego
Edificio  Universal  Penthouse
Avenida  Federico  Boyd
Panama  5  Panama                                   20,000,000           44.66
--------------------------------------------------------------------------------
Other Affiliates                                    20,000,000           44.66
All Affiliates                                      42,050,676           93.90
---------------------------------------------------============-----------------
Total Shares Issued and Outstanding                 44,780,536          100.00
Less All Affiliates                                (42,050,676)         -93.90
--------------------------------------------------------------------------------
Indicated Non-Affiliate Ownership                    2,729,860            6.10
---------------------------------------------------============-----------------

     CHANGE  OF  CONTROL.  There  are no arrangements known to us, including any
pledge  by  any  persons,  of  securities  of  this  corporation, which may at a
subsequent  date  result  in  a  change  of  control  of  the  Issuer.


                       ITEM 12.  CONTROLS AND PROCEDURES.

     EVALUATION  OF DISCLOSURE CONTROLS AND PROCEDURES. Based upon an evaluation
under  supervision  and  with  the participation of our management, as of a date
within  90  days  of  the  filing date of this Annual Report on form 10-KSB, our
principal  executive officer and principal financial officer have concluded that
our  disclosure  controls  and  procedures  (as  defined  in Rules 13a-14(c) and
15d-14(c))  under  the  Securities Exchange Act of 1934, are effective to ensure
that  information  required  to  be disclosed (in reports that we file or submit
under  that Exchange Act) is recorded, processed, summarized and reported within
the  time  periods  specified  in  SEC  rules  and  forms.

     CHANGES  IN  INTERNAL  ACCOUNTING. There were no significant changes in our
internal  controls  or  other  factors  that  could  significantly  affect these
controls  subsequent  to  the date of their evaluation. There wee no significant
deficiencies  or  material  weaknesses,  and  therefore there were no corrective
actions  taken.  However,  the design of any system of controls is based in part
upon  the  assumptions  about  the  likelihood of future events, and there is no
certainty  that  any  design will succeed in achieving its stated goal under all
potential  future  considerations,  regardless  of  how  remote.

                                       11
<PAGE>

 ITEM 13. ATTACHMENTS, FINANCIAL STATEMENTS, EXHIBITS, AND REPORTS ON FORM 8-K.
 (A)  ATTACHMENTS.

 (A)  Certification  pursuant  to  18  USC  Section  1350.

(AC  99.1)  Audit  Committee  Report

(AFK-02)  Audited  Financial  Statements  for the years ended December 31, 2002,
2001  and  from  Inception.

 (B)  EXHIBITS.  Please  see  our Previous Annual Report on Form 10-KSB, for the
year  ended  December  31,  2001, for Exhibits: (3.1) Articles of Incorporation;
(3.2)  By-Laws,  incorporated  herein  by  this  reference.

 (C)  FORM  8-K  REPORTS.  None.


                                   SIGNATURES

     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
report  has  been  signed  below  by  the  following  persons  on  behalf of the
Registrant  and  in  the  individual  capacities  and  on  the  date  indicated.

                               GYK VENTURES, INC.

Dated:  March  31,  2003
                                       by

         /s/Gerald  Yakimishyn                   /s/J.  Dan  Sifford
            Gerald  Yakimishyn                      J.  Dan  Sifford
            president/director                      secretary/director

                                       12
<PAGE>

--------------------------------------------------------------------------------

                                  ATTACHMENT A

                 CERTIFICATION PURSUANT TO 18 USC SECTION 1350.

--------------------------------------------------------------------------------

                                       13
<PAGE>

                 CERITIFICATION PURSUANT TO 18 USC SECTION 1350

In connection with this Annually Report on Form 10-KSB, We, Gery Yakimishyn
and  J. Dan Sifford, Officers and Directors of this Registrant Company, hereby
certify,  to  the  best  of  our  knowledge  and  belief:

(1)     This  report  fully  complies  with the requirements of section 13(a) or
15(d)  of  the  Securities  Exchange  Act  of  1934;  and

(2)     The  information  contained  in  this  report  fairly  presents,  in all
material  aspects,  the  financial  condition  and results of operations of this
Registrant  Company.


 Dated:  March  31,  2003

     by

         /s/Gerald  Yakimishyn                   /s/J.  Dan  Sifford
            Gerald  Yakimishyn                      J.  Dan  Sifford
            president/director                      secretary/director

                                       14
<PAGE>

--------------------------------------------------------------------------------

                               ATTACHMENT AC-99.1

                             AUDIT COMMITTEE REPORT

--------------------------------------------------------------------------------

                                       15
<PAGE>

GYK  Ventures,  Inc
668  North  Coast  Hwy  #261
Laguna  Beach,  CA  92651

Form  Type:  10-KSB

                             AUDIT COMMITTEE REPORT
                             ----------------------

     The  Audit  Committee  of  GYK  Ventures,  Inc.  ("GYK") is composed of the
Corporation's  Board  of  Directors.  The  members  of  the  Committee  are Gery
Yakimisnyn  and  Dan  Sifford. The Committee recommended, subject to stockholder
ratification,  the  selection  of  the  Corporation's  independent  accountants.

     Management  is  responsible for the Corporation's internal controls and the
financial  reporting  process.  The  independent accountants are responsible for
performing  an  independent  audit  of  the Corporation's consolidated financial
statements  in  accordance with the generally accepted auditing standards and to
issue  a  report  thereon.  The  Committee's  responsibility  is  to monitor and
oversee  these  processes.

     In this context, the Committee has met and held discussions with management
and  the  independent accountants.  Management represented to the Committee that
the  Corporation's  financial  statements  were  prepared  in  accordance  with
generally  accepted  accounting  principles,  and the Committee has reviewed and
discussed  the  consolidated  financial  statements  with  management  and  the
independent  accountants.  The  Committee  discussed  with  the  independent
accountants  matters  required  to  be  discussed  by  the Statement on Auditing
Standards  No.  61.

     The  Corporation's  independent  accountants also provided to the Committee
the written disclosures required by Independence Standards Board Standard No. 1,
and  the  Committee  discussed  with  the  independent  accountant  that  firms
independence.

     Based  upon  Committee's  discussion  with  management  and the independent
accountants  and  the Committee's review of the representation of management and
the  report  of  the  independent  accountants  to  the Committee, the Committee
recommended  that  the  audited consolidated financial statements be included in
the  Corporation's  Annual Report on Form 10-KSB for the year ended December 31,
2001  filed  with  the  Securities  and  Exchange  Commission.

Dated:  March  31,  2003

                                       by

         /s/Gerald  Yakimishyn                   /s/J.  Dan  Sifford
            Gerald  Yakimishyn                      J.  Dan  Sifford
            president/director                      secretary/director

                                       16
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                          (a Development Stage Company)
                              Financial Statements
                            December 31, 2002 and 2001

                                       17
<PAGE>

                                 C O N T E N T S



Independent  Auditor's  Report                                   19

Balance  Sheets                                                  20

Statements  of  Operations                                       21

Statements  of  Stockholders'  Equity                            22

Statements  of  Cash  Flows                                      23

Notes  to  the  Financial  Statements                            24

                                       18
<PAGE>

                          INDEPENDENT AUDITOR'S REPORT



To  the  Board  of  Directors  and  Stockholders  of
GYK  Ventures,  Inc.  (formerly  eWorld  Travel  Corp.)

We  have  audited  the  accompanying  balance  sheets  of  GYK Ventures, Inc. (a
Development  Stage  Company)  as  of  December 31, 2002 and 2001 and the related
statements of operations, stockholders' equity and cash flows for the years then
ended  and from inception on December 10, 1998 through December 31, 2002.  These
financial  statements  are  the responsibility of the Company's management.  Our
responsibility  is  to express an opinion on these financial statements based on
our  audits.

We conducted our audits in accordance with auditing standards generally accepted
in  the  United  States  of  America.  Those  standards require that we plan and
perform  the  audits  to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test  basis,  evidence  supporting  the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made  by  management,  as well as evaluating the overall
financial  statement  presentation.  We  believe  that  our  audits  provide  a
reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  financial  position  of  GYK  Ventures,  Inc.  (a
Development  Stage Company) as of  December 31, 2002 and 2001 and the results of
its  operations  and  cash  flows for the years then ended and from inception on
December  10,  1998  through  December  31,  2002  in conformity with accounting
principles  generally  accepted  in  the  United  States  of  America.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company will continue as a going concern.  As discussed in Note 2, the Company's
recurring  operating  losses and lack of working capital raise substantial doubt
about  its ability to continue as a going concern.  Management's plans in regard
to  those matters are also described in Note 2.  The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

/s/Chisholm  &  Associates
Chisholm  &  Associates
North  Salt  Lake,  Utah
March  18,  2003

                                       19
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                         (a Development Stage Company)
                                 Balance Sheets

                                     ASSETS

                                              December  31,       December  31,
                                                  2002                 2001
--------------------------------------------------------------------------------

Current  assets
   Cash                                       $         0          $         6
                                              ---------------------------------
Total  Current  Assets                                  0                    6
                                              ---------------------------------
Other  Assets
    Investments-Available  for  Sale                    0                    0
                                              ---------------------------------
Total  Other  Assets                                    0                    0
                                              ---------------------------------
      Total  Assets                           $         0          $         6
                                              =================================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current  Liabilities
   Accounts  payable                                1,369                3,338
   Accounts payable-related party (Note 4)          7,500               57,133
   Notes  payable-related party (Note 4)          160,154                    0
                                              ---------------------------------
Total  Current  Liabilities                       169,023               60,471
                                              ---------------------------------

Stockholders'  Equity

   Common  Stock,  authorized
     100,000,000  shares  of  $.001  par  value,
     issued  and  outstanding  24,780,536  and
     2,070,370  shares                             24,780                2,070
   Additional  Paid  in  Capital                1,218,105              599,815
   Accumulated  Comprehensive  Income                   0                    0
   Deficit  Accumulated  During  the
     Development  Stage                        (1,411,908)            (662,350)
                                              ---------------------------------

Total  Stockholders'  Equity                     (169,023)             (60,465)
                                              ---------------------------------

Total Liabilities and Stockholders' Equity    $         0           $        6
                                              ==================================

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

                                       20
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                          (a Development Stage Company)
                            Statements of Operations

<TABLE>
<CAPTION>
                                                                         From  inception  on
                                       For  the            For  the      December 10, 1998
                                     Year  Ended         Year  Ended           through
                                     December  31,      December  31,       December  31,
                                          2002              2001                2002
------------------------------------------------------------------------------------------
<S>                                  <C>               <C>                <C>

Revenues:                            $           0     $            0     $            0

Expenses:
   General  and  administrative            749,558            576,090          1,409,049
                                     ----------------------------------------------------
          Total  Expenses                  749,558            576,090          1,409,049
                                     ----------------------------------------------------
Net  Operating  Loss                      (749,558)          (576,090)        (1,409,049)
                                     ----------------------------------------------------

Other  Income  (Expense)

   Loss  on  sale of securities                  0            (12,108)           (12,108)
   Gain  on  settlement  of  debt                0                  0              9,249
                                     ----------------------------------------------------

Total  Other  Income  (Expense)                  0            (12,108)            (2,859)
                                     ----------------------------------------------------
Net  Loss                            $    (749,558)     $    (588,198)     $  (1,411,908)
                                     ====================================================

Net Loss Per Share                   $       (0.10)     $       (0.38)     $       (0.75)
                                     ====================================================

Weighted average shares outstanding      7,454,440          1,544,199          1,889,407
                                     ====================================================
</TABLE>

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

                                       21
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                          (a Development Stage Company)
                        Statement of Stockholders' Equity

<TABLE>
<CAPTION>
                                                                                                                  Deficit
                                                                                                                Accumulated
                                                                               Additional         Accumulated    During  the
                                                  Common  Stock                 paid-in         Comprehensive    Development
                                             Shares           Amount            capital         Income/(Loss)        Stage
-----------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>           <C>               <C>                  <C>              <C>
Common  stock,  issued  at  inception
 for  cash at $100 per share                   200     $           0     $         20,000     $          0     $          0

Net  loss  for  the  period  ended
December  31,  1998                              0                 0                    0                0                0
                                         -----------------------------------------------------------------------------------
Balance,  December  31,  1998                  200                 0               20,000                0                0
Common  stock  issued  for  cash
 at  $251  per  share                           67                 0               16,800                0                0

Common  stock  issued  for  cash
 at  $2,000  per  share                          1                 0                2,000                0                0

Net  loss  for  the  year  ended
 December 31, 1999                               0                 0                    0                0          (36,360)
                                         -----------------------------------------------------------------------------------
Balance,  December  31,  1999                  268                 0               38,800                0          (36,360)

Net  change  in  unrealized  gains/
 (Losses)  on  available  for  sale
 securities                                      0                 0                    0          (12,185)               0

Net  loss  for  the  year  ended
 December 31, 2000                               0                 0                    0                0          (37,792)
                                         -----------------------------------------------------------------------------------

Balance,  December  31,  2000                  268                 0               38,800          (12,185)         (74,152)

Common  stock  issued  for  services
 at  $25  per  share                         3,000                 3               74,997                0                0

Common  stock  issued  for  services  to
 a  related-party  at  $10  per  share      50,000                50               49,950                0                0

Common  stock  issued  for  services
 at  $20  per  share                         7,000                 7              174,993                0                0

Common  stock  issued  for  services
 at  $20  per  share                        10,000                10              199,990                0                0

Shares  issued  in  round-up                     3                 0                    0                0                0

Common  stock  issued  for  services  to
a related-party at $0.01 per share       2,000,000             2,000               18,000                0                0

Rounding  of  shares                            99                 0                    0                0                0

Forgiveness  of  debt                            0                 0               43,085                0                0
</TABLE>

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

                                       22
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                        Statement of Stockholders' Equity
                                  (CONTINUED)

<TABLE>
<CAPTION>
                                                                                                                  Deficit
                                                                                                                Accumulated
                                                                               Additional         Accumulated    During  the
                                                  Common  Stock                 paid-in         Comprehensive    Development
                                             Shares           Amount            capital         Income/(Loss)        Stage
-----------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>           <C>               <C>                  <C>              <C>
Net  change  in  unrealized  gains/
 (Losses)  on  available  for  sale
 securities                                         0                 0                   0            12,185             0

Net  loss  for  the  year  ended
 December  31,  2001                                0                 0                   0                 0      (588,198)
                                         -----------------------------------------------------------------------------------

Balance,  December  31,  2001               2,070,370     $       2,070     $       599,815     $           0    $ (662,350)

Shares  returned  to treasury                  (5,000)               (5)                  5                 0             0

Issuance  of  common  stock  for  services
 at  $0.25  per  share                        500,000               500             124,500                 0             0

Issuance  of  common  stock  for  debt
 reduction  at  $0.20  per  share             400,000               400              79,600                 0             0

Issuance  of  stock  in  round-up              15,166                15                 (15)                0             0

Issuance  of  common  stock  for  services
 at  $0.02  per  share                     20,000,000            20,000             380,000                 0             0

Issuance  of  common  stock  for  services
 at  $0.02 per share                        1,800,000             1,800              34,200                 0             0

Net  loss  for  the  year  ended
 December  31,  2002                                0                 0                   0                 0      (749,558)
                                         -----------------------------------------------------------------------------------

Balance,  December  31,  2002              24,780,536     $      24,780     $     1,218,105     $           0  $ (1,411,908)
                                         ===================================================================================
</TABLE>

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

                                       23
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                          (a Development Stage Company)
                            Statements of Cash Flows

<TABLE>
<CAPTION>
                                                                        From  inception  on
                                For  the               For  the          December  10  1998
                              Year  ended            Year  ended              through
                              December  31,          December  31,          December  31,
                                  2002                   2001                   2002
-----------------------------------------------------------------------------------------
<S>                              <C>                  <C>                  <C>
Cash  Flows  form  Operating
 Activities

     Net  loss                    $     (749,558)     $      (588,198)     $    (1,411,908)
     Adjustments  to  reconcile
       net  loss  to  net  cash
       provided  by  operations:
      Stock  issued  for  services       561,000              520,000            1,081,000
      Loss on sale of securities               0               12,108               12,108
 Gain on settlement of notes receivable        0                    0               (9,249)
      Increase  in  accounts  payable     (1,969)               3,338                1,369
      Increase in accounts
      Payables - related   party          30,367               49,733               87,500
                                  ---------------------------------------------------------

Net  Cash  (Used)  Provided  by
 Operating  Activities                  (160,160)              (3,019)            (239,180)
                                  ---------------------------------------------------------

Cash  Flows  from  Investing
 Activities:
  Proceeds  on  sale  of  securities           0                  492                 492
  Payment  for  notes  receivable              0                    0              (3,351)
                                  ---------------------------------------------------------

Net  Cash  (Used)  Provided  by
   Investing  Activities                       0                  492              (2,859)
                                  ---------------------------------------------------------

Cash  Flows  from  Financing
 Activities:
     Capital  contribution                     0                1,400               1,400
     Issued  common  stock  for  cash          0                    0              37,800
     Proceeds  from  officer             160,154                    0             201,839
 Proceeds from subscription receivable         0                    0               1,000
                                  ---------------------------------------------------------

Net  Cash  (Used)  Provided  by
   Financing  Activities                 160,154                1,400             242,039
                                  ---------------------------------------------------------

Net  increase (decrease) in cash              (6)              (1,127)                  0

Cash,  beginning  of  period                   6                1,133                   0
                                  ---------------------------------------------------------
Cash,  end of period              $            0     $              6    $              0
                                  =========================================================
</TABLE>

Non-Cash  Financing  and  Investing  Transactions:

     In  January  2000,  a marketable security valued at $12,600 was received in
exchange  for  a  notes  receivable of  $3,351.  The  market  value  of  the
securities at December 31, 2000 is $415.

     In  April  2001,  the  Company  issued 3,000 shares of its common stock for
services  valued  at  $75,000.

     In  May  2001,  the  Company issued 50,000 shares of its common stock to an
officer  of  the  Company  for  services valued  at  $50,000.

                                       24
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                          (a Development Stage Company)
                            Statements of Cash Flows
                                   (CONTINUED)

Non-Cash  Financing  and  Investing  Transactions  (continued):

      In  May  2001,  the  Company  issued  7,000 shares of its common stock for
services  valued  at  $175,000.

      In  July  2001,  the  Company issued 10,000 shares of its common stock for
services  valued  at  $200,000.

      In  December 2001, the Company issued 2,000,000 shares of its common stock
to  an  officer  of  the  Company for  services valued at $20,000.

     In December 2001, debt in the amount fo $41,685 was forgiven by officers of
the  Company.

     During  January  2002,  the  Company  issued  500,000  shares of previously
authorized but unissued common stock    for services rendered value at $125,000.

     During  January  2002,  the  Company canceled 5,000 shares of common stock.

     During  September  2002,  the  Company issued  400,000 shares of previously
authorized  but  unissued  common     stock  for  reduction  of  debt  valued at
$80,000.

     During  September 2002, the Company authorized a ten for one (10:1) reverse
split  of  its  common  stock.

     In  October  2002,  the Company issued 21,800,000 shares of common stock at
$0.02  per  share  for  services  revalued   during the year at a total value of
$436,000.

                                       25
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                          (a Development Stage Company)
                        Notes to the Financial Statements
                            December 31, 2002 and 2001

NOTE  1  -  Summary  of  Significant  Accounting  Policies

     a.  Organization

     GYK Ventures, Inc.  (the  Company)  was  incorporated  on December 10, 1998
under  the  laws  of  the state of Nevada.  The Company was organized to provide
internet-based  travel services.  The Company has not yet secured operations and
is  in  the  development stage according to Financial Accounting Standards Board
Statement  No.  7.

     b.  Accounting  Method

     The  Company  recognizes  income  and  expense  on  the  accrual  basis  of
accounting.

     c.  Earnings  (Loss)  Per  Share

The  computation  of  loss  per  share  of common stock is based on the weighted
average  number  of  shares outstanding at the date of the financial statements.

                                                                       From
                                                                   Inception  on
                                                                   December  10,
                                 For  the  Years  Ended            1998  Through
                                      December  31,                December  31,
                                 2002              2001                 2002
--------------------------------------------------------------------------------
     Numerator  -  loss     $   (749,558)     $    (588,198)     $   (1,411,908)

 Denominator-weighted average
 of  shares  outstanding       7,454,440          1,544,199          1,889,407
                            ---------------------------------------------------
     Loss  per  share       $      (0.10)     $       (0.38)     $       (0.75)
                            ---------------------------------------------------

     d.  Cash  and  Cash  Equivalents

The  Company  considers  all  highly liquid investments with maturities of three
months  or  less  to  be  cash  equivalents.

     e.  Available  for  Sale  Securities

     Management  determines  the appropriate classification of marketable equity
security investments at the time of purchase and reevaluates such designation as
of each balance sheet date.  Unrestricted marketable equity securities have been
classified  as available for sale.  Available for sale securities are carried at
fair  value,  with  unrealized  gains  and  losses  reported  in  accumulated
comprehensive income.  Realized gains and losses and declines in value judged to
be  other-than-temporary  on  available  for  sale  securities  are  included in
investment  income.  The  cost  of  securities  sold  is  based  on the specific
identification  method.  Interest  and  dividends  on  securities  classified as
available  for  sale  are  included  in  investment  income.

                                       26
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                          (a Development Stage Company)
                        Notes to the Financial Statements
                            December 31, 2002 and 2001

NOTE  1  -  Summary  of  Significant  Accounting  Policies  (Continued)

     f.  Provision  for  Income  Taxes

No  provision  for  income  taxes  has  been  recorded due to net operating loss
carryforwards  totaling  approximately  $1,411,908  that  will be offset against
future  taxable  income.  These  NOL  carryforwards  begin to expire in the year
2019.  No  tax benefit has been reported in the financial statements because the
Company  believes  there is a 50% or greater chance the carryforward will expire
unused.

Deferred tax assets and the valuation account is as follows at December 31, 2001
and  2000.

                                            December  31,
                                    2002                     2001
     ----------------------------------------------------------------
     Deferred  tax  asset:
        NOL  carrryforward     $     480,049          $     225,199
     Valuation  allowance           (480,049)              (255,199)
                               -------------------------------------
     Total                     $           0          $           0
                               =====================================

NOTE  2  -  Going  Concern

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  The  Company  has had recurring
operating  losses  and  is dependent upon financing to continue operations.  The
financial  statements  do not include any adjustments that might result from the
outcome  of this uncertainty.  It is management's plan to raise capital in order
to define their business operations, thus creating necessary operating revenues.

NOTE  3  -  Development  Stage  Company

The  Company  is  a development stage company as defined in Financial Accounting
Standards  Board  Statement No. 7.  It is concentrating substantially all of its
efforts  in  raising  capital  and  defining  its business operation in order to
generate  significant  revenues.

NOTE  4  -  Related  Party  Transactions

During 2000, an officer and shareholder loaned the Company $41,685.  The note is
non-interest  bearing  and  payable  upon  demand.

In  May 2001, the Company issued 50,000 shares of its common stock to an officer
of  the  Company  for  services  valued  at  $50,000.

In  December 2001, the Company issued 2,000,000 shares of its common stock to an
officer  of  the  Company  for  services  valued  at  $20,000.

     In December 2001, debt in the amount fo $41,685 was forgiven by officers of
the  Company.

     In  October  2002, 20,000,000 shares were issued to an officer for services
valued  at  $400,000.

                                       27
<PAGE>

                               GYK VENTURES, INC.
                         (formerly eWorld Travel Corp.)
                        Notes to the Financial Statements
                           December 31, 2002 and 2001
NOTE  5  -     Equity

In  April  2001,  the  Company authorized a 10 for 1 reverse split of its common
stock.  The financial statements have been retroactively restated to reflect the
reverse  split.

     In  April  2001,  the  Company  issued 3,000 shares of its common stock for
services  valued  at  $75,000.

     In  May  2001,  the  Company issued 50,000 shares of its common stock to an
officer  of  the  Company  for  services  valued  at  $50,000.

     In  May  2001,  the  Company  issued  7,000  shares of its common stock for
services  valued  at  $175,000.

     In  July  2001,  the  Company  issued 10,000 shares of its common stock for
services  valued  at  $200,000.

     In  September 2001, the Company authorized a 100 for 1 reverse split of its
common  stock.  The  financial  statements  have  been retroactively restated to
reflect  the  reverse  split.

In  December 2001, the Company issued 2,000,000 shares of its common stock to an
officer  of  the  Company  for  services  valued  at  $20,000.

     In December 2001, debt in the amount of $41,685 was forgiven by officers of
the  Company.

     During  January  2002,  the  Company  issued  500,000  shares of previously
authorized  but  unissued  common stock for services rendered value at $125,000.

     During  January  2002,  the  Company canceled 5,000 shares of common stock.

     During  September  2002,  the  Company issued  400,000 shares of previously
authorized  but  unissued common  stock for reduction of debt valued at $80,000.

     During  September 2002, the Company authorized a ten for one (10:1) reverse
split  of  its  common  stock.

     In  October  2002,  the Company issued 21,800,000 shares of common stock at
$0.02  per  share  for  services  rendered  during  the year at a total value of
$436,000.

NOTE  6  -     Available  for  Sale  Securities

     As  of  December  31,  2000, the estimated fair value of the securities was
$415.  The  unrealized  loss  of  $12,185  has been recognized as an accumulated
comprehensive  loss.  During  2001,  the  investment  was  sold and the loss was
recognized.

NOTE  7  -     Subsequent  Event
     In  January  2003, the Company issued 20,000,000 shares of common stock for
services  valued  at  $0.02  per  share  or  $400,000.

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