UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


[X]      Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934 for the quarterly period ended June 30, 2003.

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
  Act of 1934 For the transition period from _______________ to ______________

                         Commission File Number: 0-18412

                          REZCONNECT TECHNOLOGIES, INC.
                         (formerly ETRAVNET.COM, INC.)
       (Exact name of registrant as specified in its charter, as amended)

                                    New York
         (State or other jurisdiction of incorporation or organization)

                                   11-2602120
                      (IRS Employer Identification Number)

              560 Sylvan Avenue, Englewood Cliffs, New Jersey 07632
                    (Address of principal executive offices)

                                 (201) 567-8500
              (Registrant's telephone number, including area code)

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

                  Number of Shares Outstanding of Common Stock,
              $.001 Par Value, Shares as of June 30, 2003 10,412,983


     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No[ ].




<PAGE>

                          REZConnect Technologies, Inc.
                          (formerly Etravnet.com, Inc.)
                                   FORM 10-QSB
                         SIX MONTHS ENDED JUNE 30, 2003
                                TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION                                            Page
                                                                          ----

Item 1.  Financial Statements (unaudited)
                   Condensed Balance Sheets ...............................3
                   Condensed Statements of Operations......................4
                   Condensed Statements of Cash Flows......................5
              Notes To Condensed Financial Statements .....................6

Item 2.  Management's Discussion and Analysis of Financial Condition and
                                    Results of Operations.................10

Item 3.  Controls and Procedures..........................................16

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings          ......................................17
Item 2.  Changes in Securities and Use of Proceeds........................17
Item 3.  Defaults Upon Senior Securities..................................17
Item 4.  Submission of Matters to a Vote of Security Holders..............17
Item 5.  Other Information          ......................................17
Item 6.  Exhibits and Reports on Form 8-K.................................17
         Signatures.......................................................18
         Certifications...................................Exhibits 31 and 32


                                      -2-
<PAGE>









                          REZCONNECT TECHNOLOGIES, INC.

                         CONDENSED FINANCIAL STATEMENTS
                           SIX AND THREE MONTHS ENDED
                             JUNE 30, 2003 AND 2002
                                   (UNAUDITED)










<PAGE>

                          REZCONNECT TECHNOLOGIES, INC.

                            CONDENSED BALANCE SHEETS
                           SIX AND THREE MONTHS ENDED
                             JUNE 30, 2003 AND 2002
                                   (UNAUDITED)




<TABLE>
<CAPTION>
                                                                                      June 30,          December 31,
                                                                                        2003                  2002
                                                                                  -----------------     -----------------
                                                                                     (Unaudited)
<S>                                                                                 <C>                   <C>
CURRENT ASSETS
     Cash and cash equivalents                                                      $        40,917       $        63,318
     Short-term investments                                                                 596,003               711,520
     Accounts receivable, less allowance for doubtful
         accounts of $74,061 and $71,257 as of
June 30, 2003 and December 31, 2002, respectively                                           296,034               270,806
     Current portion of loan receivable                                                      70,000                    --
     Current portion of notes receivable                                                         --                76,281
                                                                                      --------------        -------------
              Total Current Assets                                                        1,002,954             1,121,925
                                                                                      -------------         -------------

OTHER ASSETS
     Capitalized software costs, at cost, less accumulated
         amortization of $519,075 and $311,445 as of
         June 30, 2003 and December 31, 2002                                                778,819               934,334
     Deferred costs, at cost, less accumulated amortization
         of $36,666 as of June 30, 2003                                                     183,334                    --
     Loan receivable, less current portion                                                   80,000                    --
     Notes receivable, less current portion                                                 558,138               440,641
     Security deposits and other assets                                                      22,313                21,313
                                                                                      -------------         -------------
              Total Other Assets                                                          1,622,604             1,396,288
                                                                                      -------------         -------------

              TOTAL ASSETS                                                          $     2,625,558       $     2,518,213
                                                                                      =============         =============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable and accrued expenses                                          $        89,241         $      81,612
     Deferred revenue                                                                            --                76,281
     Current maturities of long term debt                                                    11,688                 2,893
                                                                                      -------------         -------------
              Total Current Liabilities                                                     100,929               160,786
                                                                                      -------------         -------------

OTHER LIABILITIES
     Long term debt, less current maturities                                                312,812               321,607
     Deferred revenue                                                                       558,138               440,641
     Security deposits payable                                                               36,558                42,627
                                                                                      -------------         -------------
              Total Other Liabilities                                                       907,508               804,875
                                                                                      -------------         -------------
              Total Liabilities                                                           1,008,437               965,661
                                                                                      --------------        -------------


SHAREHOLDERS' EQUITY
     Preferred stock; par value $.001; authorized 5,000,000
         shares; -0- shares issued and outstanding                                               --                    --
     Common stock, par value $.001; authorized 20,000,000
         shares; 10,412,983 shares
         issued and outstanding                                                              10,412                 9,362
     Additional paid-in capital                                                           6,428,913             6,198,963
     Accumulated deficit                                                                 (4,822,204)           (4,655,773)
                                                                                      --------------        -------------
              Total Shareholders' Equity                                                  1,617,121             1,552,552
                                                                                      --------------        -------------
              TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                              $   2,625,558        $    2,518,213
                                                                                      =============        ==============

            See accompanying notes to condensed financial statements.


                                       -3-

<PAGE>



                          REZCONNECT TECHNOLOGIES, INC.

                       CONDENSED STATEMENTS OF OPERATIONS
            SIX MONTHS AND THREE MONTHS ENDED JUNE 30, 2003 AND 2002
                                   (UNAUDITED)


                                                                   Three Months Ended                     Six Months Ended
                                                                        June 30,                              June 30,
                                                            ---------------------------------    ---------------------------------

                                                                 2003              2002                2003             2002
                                                            ---------------  ----------------    ---------------   ---------------
Revenues
     Franchise fees                                         $        43,732     $         750     $       54,866     $      18,544
     Franchisee service fees and other                               94,116           188,037            238,732           370,492
     Travel services and products                                   380,668           468,400            709,445           837,965
     Online Travel Income                                            56,807                --            108,789                --
     Advertising and other                                               --            13,880                 --            87,393
                                                            ---------------     -------------      -------------     --------------
         Total Revenues                                             575,323           671,067          1,111,832         1,314,394
                                                            ---------------     -------------      -------------     -------------
Operating Expenses
     Cost of travel services and products                           316,340           495,486            570,646           815,108
     Marketing and selling                                           14,519            19,230             30,014            71,837
     General and administrative                                     240,719           230,259            440,093           426,710
     Depreciation and amortization                                  122,148           109,550            244,296           117,050
                                                            ---------------     -------------      -------------     -------------
         Total operating expenses                                   693,726           854,525          1,285,049         1,430,705
                                                            ---------------     -------------      -------------     -------------
         Loss from operations                                      (118,403)         (183,458)          (173,217)         (116,311)

Interest income                                                       1,164               --               6,786                --
                                                            ---------------     -------------      -------------     -------------

         Loss before income taxes                                  (117,239)         (183,458)          (166,431)         (116,311)

Provision for income taxes                                               --                --                 --                --
                                                            ---------------     -------------      -------------     -------------


         Net loss                                                  (117,239)         (183,458)          (166,431)         (116,311)

Preferred dividends                                                      --            18,146                 --            35,646
                                                            ---------------     -------------      -------------     -------------

         Net loss applicable to
              common shareholders                           $      (117,239)     $   (201,604)     $    (166,431)     $   (151,957)
                                                            ================     ============      ================   ============
Earnings (loss) Per Common Share:

     Weighted average number of common
         shares outstanding                                      10,156,077         7,710,181         10,156,077         7,037,086
                                                            ================     ============      ================   ============

     Basic and diluted earnings (loss)
         per share available to common
         shareholders                                       $         (.01)     $       (.03)      $       (.02)      $      (.02)
                                                            ================     ============      ================   ============



            See accompanying notes to condensed financial statements.



                                       -4-


<PAGE>



                          REZCONNECT TECHNOLOGIES, INC.

                       CONDENSED STATEMENTS OF CASH FLOWS
                     SIX MONTHS ENDED JUNE 30, 2003 AND 2002
                                   (UNAUDITED)




                                                                                            2003                  2002
                                                                                      -------------       ---------------

CASH FLOWS FROM OPERATING ACTIVITIES
     Net loss                                                                         $    (166,431)      $      (116,311)
                                                                                      -------------       ---------------
     Adjustments to reconcile net loss to net
         cash provided by operating activities:
              Depreciation and amortization                                                 244,296               117,050
     Changes in assets and liabilities:
                  Accounts receivable                                                       (25,228)               (5,030)
                  Notes receivable                                                          (41,216)                9,279
                  Security deposits and other assets                                         (1,000)              (23,964)
                  Accounts payable and accrued expenses                                       7,629                53,688
                  Security deposits payable                                                  (6,069)                   --
                  Deferred revenue                                                           41,216                19,883
                                                                                      -------------         -------------
                  Total adjustments                                                         219,628               170,906
                                                                                      -------------         -------------

                  Net cash provided by operating activities                                  53,197                54,595
                                                                                      -------------         -------------
CASH FLOWS FROM INVESTING ACTIVITIES
     Payment for software license and development costs                                     (41,115)              (45,548)
     Redemption (acquisition) of short-term                                                 115,517              (316,955)
                                                                                      -------------         -------------
                  Net cash provided (used) by investing activities                           74,402              (362,503)
                                                                                      -------------         --------------

CASH FLOWS FROM FINANCING ACTIVITIES
              Increase in note payable                                                                            324,500
              Loans advanced                                                               (150,000)                  --
                                                                                      -------------         -------------


NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                        (22,401)               16,592

              CASH AND CASH EQUIVALENTS - beginning                                          63,318                41,321
                                                                                      -------------         -------------
              CASH AND CASH EQUIVALENTS - end                                       $        40,917       $        57,913
                                                                                      =============       ===============

NON-CASH INVESTING AND FINANCING ACTIVITIES Conversion of Preferred Stock into
     Common Stock:
         Preferred stock                                                            $            --       $           (91)
         Additional paid-in-capital                                                 $            --       $           635
         Common stock                                                               $            --       $           726

     Stock distribution                                                             $            --       $         1,173
     Preferred stock dividends paid in
         Common stock                                                               $            --       $        35,646
     Issuance of 1,050,000 common shares                                            $       231,000       $            --
                                                                                      =============       ===============
</TABLE>



            See accompanying notes to condensed financial statements.

                                       -5-

<PAGE>



                          REZCONNECT TECHNOLOGIES, INC.

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                     SIX MONTHS ENDED JUNE 30, 2003 AND 2002
                                   (UNAUDITED)

1.     BASIS OF PRESENTATION

       In the opinion of management, the accompanying unaudited condensed
       financial statements contain all adjustments (consisting of only normal
       recurring adjustments) necessary to present fairly the Company's
       financial position as of June 30, 2003 and the results of its operations
       and cash flows for each of the six months periods ended June 30, 2003 and
       2002. These statements are condensed and therefore do not include all of
       the information and notes required by generally accepted accounting
       principles for complete financial statements. The statements should be
       read in conjunction with financial statements and footnotes included in
       the Company's financial statements and footnotes as of December 31, 2002
       and for the year then ended previously filed with the Securities and
       Exchange Commission. The results of operations for the six months ended
       June 30, 2003 are not necessarily indicative of the results to be
       expected for the full year ending December 31, 2003.

2.     RECLASSIFICATION

       The June 30, 2002 financial statements have been reclassified to conform
       to the June 30, 2003 presentation. Such reclassifications had no effect
       on net income.

3.     GOODWILL

       The excess of cost over net assets acquired (goodwill) was being
       amortized on a straight-line basis over five years.

       On January 1, 2002, pursuant to Statement of Financial Accounting
       Standards No. 142, "Goodwill and Other Intangible Assets", amortization
       of goodwill was discontinued. The Company reviewed the remaining goodwill
       recorded and has deemed it to have no value based upon current economic
       conditions. Accordingly, the Company has recorded a charge for $153,400
       to the franchise and travel related management services segment of the
       Company.

       The following table presents adjusted net loss and loss per share data
       restated to include the retroactive impact of the adoption of SFAS No.
       142 for the year 2002:

              Net loss as reported                           $       (1,837,140)
              Add back: Goodwill amortization                                --
              Pro forma net loss                                     (1,837,140)
              Loss per share as reported                                  (.23)
              Pro forma loss per share                                    (.23)

4.     ADVERTISING RECEIVABLE

       In January 2000, the Company entered into an agreement with a company
       that specializes in arranging and brokering the placement of cable
       advertising. Under the terms of the agreement, the Company issued 207,289
       shares of its common stock in return for the promise by the other party
       to provide approximately $2,021,000 of cable advertising credits to the
       Company. Through December 31, 2000, the Company utilized approximately
       $25,000 of such credits. No credits were utilized during 2001 and 2002.
       Advertising expense is charged when the advertising credits are utilized.
       An allowance of $500,000 was taken against the receivable balance as of
       December 31, 2001 due to non-use of the advertising credits and a dispute
       with the vendor over the terms of the agreement. Recently, the Company
       discovered that the vendor is no longer in business. As such, an
       impairment of $1,496,000 was recorded as of December 31, 2002. The
       Company intends to vigorously pursue this matter in the near future but
       has elected to record the impairment since the cable advertising
       placement company has ceased operations and maybe judgement proof.



                                      -6-
<PAGE>



                          REZCONNECT TECHNOLOGIES, INC.

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                     SIX MONTHS ENDED JUNE 30, 2003 AND 2002
                                   (UNAUDITED)

5.     SHAREHOLDERS' EQUITY

       On February 11, 2003, the Company's Board of Directors approved and
       ratified the issuance of 800,000 shares to Your Travel Biz, Inc. and
       200,000 shares to YTB Travel and Cruises, Ltd. in exchange for an
       exclusive contract to service the Company's web-sites and travel services
       over a 20-year period. In addition, the Company loaned YTB Travel and
       Cruises Ltd. and Your Travel Biz, Inc. $150,000. $100,000 was provided in
       cash and the remaining $50,000 was provided in credits against monthly
       billings. The loan will be repaid beginning December 1, 2003, in monthly
       installments of $10,000 including interest at 8% per annum.

       Common Stock Issued

       During the six months ended June 30, 2003 and 2002, the Company issued
       the following shares of common stock, which were recorded at their fair
       value at the time of issuance:

       In April 2002, the Company issued approximately 1,172,000 shares of its
       common stock to the former members of Global Travel Network LLC (a
       predecessor to the Company) ("Global") in the form of a distribution of
       Global's earnings ($258,000) prior to the merger with Playorena.

       Also, in April 2002, the Company issued 132,420 shares of common stock to
       employees in connection with their employment for the three months ended
       March 31, 2002. The compensation related to the shares was accrued at
       March 31, 2002.

       In June 2002, preferred shareholders agreed to convert 90,926 preferred
       shares into 636,482 shares of common stock, in addition, 89,115 shares of
       common stock were issued to preferred shareholders as a dividend.

       In February 2003, the Company issued 800,000 and 200,000 shares to Your
       Travel Biz, Inc. and YTB Travel and Cruises, LTD. respectively in
       exchange for a 20 year service contract (see above).

       In April 2003, the Company issued 50,000 shares to a vendor in payment
       for software development services rendered.

       As of June 30, 2003 and December 31, 2002, common shares are reserved for
       issuance as follows:

        Warrants

        Exercisable at $5.00 per share through December 2004         217,000
        Exercisable at $10.00 per share through November 2003        143,497

        Options

        Exercisable at various amounts through 2006 (weighted
              average of $1.08 per share)                            475,000
                                                                     -------

              Total                                                  835,497
                                                                     =======

       A summary of stock option activity and weighted average exercise price
       for the year ended December 31, 2002 and the six months ended June 30,
       2003 are as follows:



                                      -7-
<PAGE>


                          REZCONNECT TECHNOLOGIES, INC.

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                     SIX MONTHS ENDED JUNE 30, 2003 AND 2002
                                   (UNAUDITED)



5.     SHAREHOLDERS' EQUITY (CONTINUED)
<TABLE>
<CAPTION>
                                                                                                            Weighted
                                                                                                             Average
                                                                                       Options           Exercise Price
                                                                                  -----------------     -----------------

<S>                        <C>                                                        <C>                     <C>
      Outstanding, January 1, 2002                                                    475,000                 $ 1.08
       Granted                                                                             --                     --
       Exercised                                                                           --                     --
      Forfeited/Cancelled                                                                  --                     --
                                                                                     -----------         ------------

       Outstanding, December 31, 2002                                                 475,000                 $  1.08

       Granted                                                                             --                 $    --
       Exercised                                                                           --                 $    --
       Forfeited/Cancelled                                                                 --                 $    --
       Outstanding, June 30, 2003                                                     475,000                 $  1.08
                                                                                      =======

       Exercisable at June 30, 2003                                                   475,000                 $  1.08
                                                                                      =======


       A summary of stock options outstanding and exercisable as of December 31,
2002 and June 30, 2003 are as follows:
                                                Options Outstanding                       Options Exercisable
                                       ---------------------------------------   -------------------------------------
                                               Weighted            Weighted                             Weighted
          Exercise         Number               Average             Average          Number              Average
           Prices        Outstanding        Remaining Life         Exercise        Exercisable       Exercise Price
       -------------  -----------------  --------------------  ---------------   ---------------  --------------------

             $1.00           410,000           5 Years               $1.00            351,000             $1.00
             $2.00            65,000           5 Years               $2.00             45,000             $2.00
</TABLE>

6.     INCOME TAXES

       As a result of the Company's operating losses for the six months ended
       June 30, 2003 and 2002, no current income taxes are provided.

       As of June 30, 2003, the Company has net deferred tax assets of
       approximately $1,937,000 which consists principally of the income tax
       benefits of net operating loss carry forwards of approximately $4,842,000
       which begin to expire in 2019. Due to the Company's history of operating
       losses, a valuation allowance in the amount of net deferred assets has
       been recorded.

7.     SEGMENT INFORMATION

       The Company currently operates in three business segments: providing and
       selling management services within the travel industry, including
       franchising activities, developing and commercializing Internet-based
       technology programs and on-line travel store services. For the six months
       ended June 30, 2002, the Company operated in two business segments due to
       the fact that the online travel store services segment was not in
       operations then.

       Summarized financial information concerning the Company's reportable
       segments is shown in the following table. The "other" column includes
       corporate items not specifically allocated to the segments.


                                      -8-
<PAGE>


                          REZCONNECT TECHNOLOGIES, INC.

                       CONDENSED STATEMENTS OF CASH FLOWS
                     SIX MONTHS ENDED JUNE 30, 2003 AND 2002
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                           Franchise
                                          and Travel                           Online
                                            Related         Internet           Travel
          Six Months Ended                Management       Technology           Store
            June 30, 2003                  Services         Programs          Services           Other             Total
       ----------------------------     -------------     -------------    -------------     -------------    -------------
<S>                                     <C>               <C>             <C>               <C>               <C>
       Revenues                         $   1,003,043     $          --   $      108,789    $           --    $   1,111,832
       Segment profit (loss)            $     (20,809)    $    (194,276)  $       41,868    $           --    $    (173,217)
       Total assets                     $     875,485     $     690,961   $      421,191    $      637,921    $   2,625,558
       Capital expenditures             $          --     $          -    $       52,115    $           --    $      52,115
       Depreciation and amortization    $          --     $     194,276   $       50,020    $           --    $     244,296
       Interest income                  $          --     $          --   $           --    $        6,786    $       6,786

                                                                           Travel Related      Internet
          Six Months Ended                                                  Management         Technology
            June 30, 2002                                                     Services         Programs           Total
       -----------------------------                                      --------------     -------------    -------------
       Revenues                                                           $    1,314,394    $           --    $   1,314,394
       Segment profit (loss)                                              $      (60,649)   $      (55,662)   $    (116,311)
       Total assets                                                       $    3,817,774    $    1,109,152    $   4,926,926
       Capital expenditures                                               $           --    $       45,548    $      45,548
       Depreciation and amortization                                      $      117,050    $          --     $     117,050
       Investment income (loss)                                           $           --    $          --     $          --
</TABLE>


8.     SUBSEQUENT EVENTS

       Subsequent to June 30, 2003, the Company has signed agreements
       to sell six REZcity.com Area Representative Units and five REZcity.com
       Master Units. An Area Representative owns a minimum of twenty Franchise
       units in which he/she is responsible for the same tasks as a single unit
       franchise owner, however they represent a larger territory. A Master owns
       a minimum of six hundred Franchise units. A Master's primary role is to
       sell individual franchise units and Area Representative Units. A Master
       earns revenue by Franchise sales as well as by sales created by
       franchisees within their master territory selling e-commerce and
       advertising solutions. Revenue from these sales have not been recognized
       as of June 30, 3003 since the Company's policy is to recognize revenue
       from franchisee sales when services have been rendered and substantial
       doubt of collectability has been eliminated usually upon receipt of
       payment

                                      -9-
<PAGE>


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

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

     REZconnect (R) Technologies, Inc. (the "Company") is a leading franchisor
of traditional "brick and mortar" travel agencies, as well as Internet-based,
travel-related services and technology developing unique reservation systems for
the travel and entertainment industry. We are also a full service provider of
discount travel products and services to the leisure and small business
traveler. We operate the business under our trade names "Travel Network,"
"Global Travel Network" and "Travel Network Vacation Central" as well as, web
sites " "Etravnet.com" and "Rezconnect.com." We offer our customers a reliable
source of travel products and services through our agreements with selected
travel providers, including major airlines, cruise lines, hotels and car rental
agencies, as well as wholesale travel providers. In addition, we offer our
customers the ability to make reservations on over 424 airlines, at more than
35,000 hotels and with most major car rental companies, cruise lines and tour
package operators.

     REZconnect (R) Technologies, Inc. (the "Company") operations are comprised
of 3 divisions, which include an extension of its travel franchise system. The
extension markets itself as REZcity.com, an online local city guide and online
travel store. The other 2 divisions of the Company include our technology
section, which builds reservation systems using proprietary patent pending
applications for suppliers within the travel industry. The 3rd division builds
online travel stores within the travel industry.

     REZconnect's consumer driven websites provide strong content and
bookability with over 55 booking engines incorporated into one site, covering
all aspects of the travel industry. Sites are available for use 24 hours, 7 days
a week, allowing travel agents the ability to personally follow-up with the
online consumer and provide customer service.

     REZconnect typically charges $49 per month, on a non-contract basis, to own
and operate on an online travel site. If an agent signs a one year contract, the
cost is reduced and the agent only pays for 11 months of service. REZconnect now
offers Cruise Lines Int'l Asso. (CLIA) members a discounted rate of $39 per
month with the same pre-payment plan described above. In addition, we offer CLIA
agencies a free one-month trial before committing to a yearly contract. Agencies
that pay month to month must pay by credit card, while yearly contracts can be
paid either by check or credit card.



                                      -10-
<PAGE>

     Currently, there are over 3900 consumer websites in operation. Site owners
are permitted to solicit other organizations and associations to clone travel
sites allowing for site owners to earn more revenue. The fee associated with a
travel site clone is $25 per site, monthly.

     With the purchase of an online travel site, REZconnect will submit each
site to the major search engines twice a month, free of charge, utilizing a
proprietary program that captures each site's dynamic content, which will allow
the site to appear higher on the search listings.

     REZcity is an online city guide and online travel store for over 53,000
towns throughout the United States providing a unique model for entrepreneurs
and travel agencies to participate by licensing the local community content with
rights to sell advertising and e-commerce solutions. The pricing of a local town
of 25,000 in population is $1,000 for a one-time fee and an annual hosting fee
of $150.00.

     We are the only company in this field offering every postal zip code in the
U.S. with strong rich content provided by over 100 sources, including weather,
entertainment, sports, news, various information guides with yellow page
listings of over 15,000,000 businesses. This site is up and running and was
first available in 1998. REZconnect took over the site in 2002 and is currently
offering this product to companies within the travel community.

     To date, REZconnect has signed 183 Single Unit franchises, 6 Area
Representative Units and 5 Master Units. A single unit franchise consists of a
single town or zip code with a population of 25,000 or less. Franchisees are
required to sell e-commerce and advertising solutions to earn revenue within
their purchased territory and market their website to local residents residing
in the community. An Area Representative owns a minimum of 20 Franchise units in
which he/she is responsible for the same tasks as a single unit franchise owner,
however they represent a larger territory. A Master owns a minimum of 600
Franchise units. A Master's primary role is to sell individual franchise units
and Area Representative Units. A Master earn revenue by Franchise sales as well
as by sales created by franchisees within their master territory selling
e-commerce and advertising solutions.

     Revenues from the sale of Area Representative Units and Master Units
Franchisees were not recorded in our financial statement as of June 30, 2003
based on our accounting policy regarding the recognition of franchise revenues
until services have been rendered and substantial doubt of collectability has
been eliminated, usually upon receipt of payment.

                                      -11-
<PAGE>

     Our brick and mortar franchisee fees range from $3,000 to $29,900 for
domestic franchises and from $50,000 to $350,000 for individual international
territories. Yearly service fees range from $2,000 to $9,000 per location.
Commission rates paid by travel suppliers have been approximately 10% for hotel
reservations, 5-10% for car rentals, and 10-15% for cruises and vacation
packages. Airline tickets are a non-commissionable item and revenues are earned
from service fees, which range from $10 to $35 per ticket.

     In-house sales personnel have generally handled marketing of franchisees.
All of the Company's franchised operations are independently owned and operated.
The Company operates two company-owned travel agencies. All sales of travel
products by the Company are made through its franchisees or through its
interactive web site. Operational expenses consist of franchise system sales and
support personnel, executive management and minimal administrative personnel.

     During 2002 the Company that guaranteed us delivery of advertising credits
for cable TV has ceased operations. As of December 31, 2002 REZconnect decided
after consulting with its legal counsel, to write-off 100% of this asset.
Further the Company decided to write-off its goodwill as it was deemed to be
worthless. Finally, the company recorded an allowance against its notes
receivable from franchisees and the corresponding deferred revenue balances, due
to the fact that the balances have not been paid for a few years. This
adjustment did not affect the Company's profit and loss for the year ended
December 31, 2002.

     In 2003, REZconnect signed an exclusive, 20-year management agreement to
provide travel web site hosting for one of the Company's clients, "Your Travel
Biz, Inc." (YTB) a network marketing company offering its' members an
interactive consumer website from the Company. Further, all travel arrangements
from the online are serviced by a division of the Company. We currently host
over 2900 sites for YTB. Based on current projects supplied by YTB, the growth
of new sites should increase significantly over the next several years. In
conjunction with the signing of this agreement REZconnect issued YTB Travel and
Cruise Ltd. and YTB, 200,000 and 800,000 shares of stock respectively, as well
as a $150,000 loan to be repaid in installments beginning in December 2003.



                                      -12-
<PAGE>

Results of Operations

     Three-months and six months ended June 30, 2003 compared to the
three-months and six months ended June 30, 2002:

<TABLE>
<CAPTION>
                                                  Three Month's Ended         Six Month's Ended
                                                 June 30,     June 30,         June 30,   June 30,
                                                    2003         2002           2003       2002
                                                 ---------    ---------      ---------   ---------
Revenues
<S>                                                  <C>          <C>             <C>           <C>
   Franchise fees                                    7.6%         0.1%            4.9%          1.4%
   Franchise service fees and other                 16.4%        28.0%           21.5%         28.2%
   Travel products and services                     66.1%        69.8%           63.8%         63.8%

   Advertising and other                             0.0%         2.1%            0.0%          6.6%
Online Travel Stores                                 9.9%           0%            9.8%          0.0%
                                                  -------      -------        --------      -------
TOTAL REVENUES                                       100%         100%            100%          100%
                                                  -------      -------        --------      -------

Operating Expenses
   Cost of travel products and
services                                            55.0%        73.8%           51.3%         62.0%
   Marketing and
selling                                              2.5%         2.9%            2.7%          5.5%
   General and
administrative                                      41.9%        34.3%           39.6%         32.4%
        Depreciation and
Amortization                                        21.2%        16.3%           22.0%          8.9%
                                                  -------      -------        --------      --------
TOTAL OPERATING EXPENSES                           120.6%       127.3%          115.6%        108.8%
                                                   ------       -------        --------      --------
  Income (loss) before other
   income and income taxes                         -20.6%       -27.3%          -15.6%         -8.8%
   Other income - primarily
interest                                             0.0%         0.0%            .61%          0.0%
                                                  -------      -------         -------      -------
   Income (loss) before income taxes               -20.6%       -27.3%          -15.0%         -8.8%
   Incom taxes                                         -            -               -             -
                                                   ------       -------        --------      --------
 Net income (loss)                                 -20.6%       -27.3%          -15.0%         -8.8%


</TABLE>


                        THREE MONTHS ENDED JUNE 30, 2003
                 AS COMPARED TO THREE MONTHS ENDED JUNE 30, 2002

Revenues

     Franchise fees increased by approximately $43,000 in the 2003 three-month
period as compared to the 2002 three-month period. The increase is mostly due to
the increase in sale of internet franchises.

     Franchise service fees and other declined by approximately $94,000 or 50%
in the 2003 three-month period as compared to the 2002 three-month period. The
decline is attributable to a decline in the number of brick and mortar
franchisees in the franchise system, and declining travel worldwide.

     Travel products and services declined by approximately $88,000 or 19% in
the 2003 three-month period as compared to the 2002 three-month period. Sales of
travel related products and services are correlated to the number of brick and
mortar franchisees in our system and the general demand for such products and
services. As a result of declines in both the demand for travel services and
products, as well as the number of franchisees in the system, revenues were
adversely affected in 2003.

                                      -13-
<PAGE>

     Advertising and other revenues declined approximately $14,000 or 100% due
to the fact that the Company was not active in this area in 2003. On the other
hand revenues from online travel site have increased approximately $57,000 or
100% due to the fact, that this represents a new segment of income of the
Company.

Expenses

     The cost of travel related products and services declined approximately
$179,000 or 36% in the 2003 three-month period as compared to the 2002
three-month period as a result of lower related revenues. Such costs amounted to
approximately 55% of revenues in the 2003 three-month period as compared to 74%
of related revenues in the 2002 three-month period.

     Marketing and selling expenses declined by approximately $4,700 in the 2003
period as compared to the 2002 period.

     General and administrative expenses increased by approximately $10,000 or
4.5% in the 2003 three-month period as compared to the 2002 three month period.
The increase relates to an increase in consulting, accounting, conferences and
internet expenses, all of which relate to the Company's increased efforts in the
online travel business.

     Depreciation expense increased approximately $13,000 in 2003 period as
compared to the 2002 period. Due to the fact that the Company continues to
capitalize and depreciate newly added capitalized software costs.

                         SIX MONTHS ENDED JUNE 30, 2003
                  AS COMPARED TO SIX MONTHS ENDED JUNE 30, 2002

Revenues

     Franchise fees increased by approximately $36,000 in the 2003 six-month
period as compared to the 2002 six-month period. The increase is related due to
an increase in sale of internet franchises.

     Franchise service fees and other declined by approximately $132,000 or 36%
in the 2003 six-month period as compared to the 2002 six-month period. The
decline is attributable to a decline in the number of franchisees in the brick
and mortar franchise system, and declining travel worldwide.

     Travel products and services declined by approximately $128,000 or 15% in
the 2003 six-month period as compared to the 2002 six-month period. Sales of
travel related products and services are correlated to the number of franchisees
in our system and the general demand for such products and services. As a result
of declines in both the demand for travel services and products, as well as the
number of franchisees in the system, revenues were adversely affected in 2003.

                                      -14-
<PAGE>

     Advertising and other revenues declined approximately $87,000 or 100% due
to the fact that the Company was not active in this area in 2003. On the other
hand revenues from online travel site have increased approximately $109,000 or
100% due to the fact, that this represents a new segment of income of the
Company.

Expenses

     The cost of travel related products and services declined approximately
$244,000 or 30% in the 2003 six-month period as compared to the 2002 six-month
period as a result of lower related revenues. Such costs amounted to
approximately 51% of related revenues in the 2003 six-month period as compared
to 62% of related revenues in the 2002 six-month period.

     Marketing and selling expenses declined by approximately $42,000 in the
2003 period as compared to the 2002 period.

     General and administrative expenses increased by approximately $14,000 or
3% in the 2003 six-month period as compared to the 2002 six-month period. The
increase relates to an increase in consulting, accounting, conferences and
internet expenses, all of which relate to the Company's increased efforts in the
online travel business.

     Depreciation expense increased approximately $127,000 in 2003 period as
compared to the 2002 period. Due to the fact that the Company began depreciating
capitalized software costs in the second quarter of 2002.

Variability of Results

     The Company expects to experience significant fluctuations in its future
quarterly operating results due to a variety of other factors, many of which are
outside the Company's control. Factors that may adversely affect the Company's
quarterly operating results include, but are not limited to, (I) the Company's
ability to retain existing customers, attract new customers at a steady rate and
maintain customer satisfaction, (ii) changes in inventory availability from
third party suppliers or commission rates paid by travel suppliers, (iii) the
announcement or introduction of new or enhanced sites, services and products by
the Company or its competitors, (iv) general economic conditions specific to the
Internet, online commerce or the travel industry, (v) the level of use of online
services and consumer acceptance of the Internet and commercial online services
for the purchase of consumer products and services such as those offered by the
Company, (vi) the Company's ability to upgrade and develop its systems and
infrastructure and to attract new personnel in a timely and effective manner,
(vii) the level of traffic on the Company's online sites, (viii) technical
difficulties, system downtime or Internet brownouts, (ix) the amount and timing
of operating costs and capital expenditures relating to expansion of the
Company's business, operations and infrastructure, (x) governmental regulation
and (xi) unforeseen events affecting the travel industry.

     In addition, the Company expects that it will experience seasonality in its
business, reflecting seasonal fluctuations in the travel industry, Internet and
commercial online service usage and advertising expenditures. The Company
anticipates that travel bookings will typically increase during the first and
second quarter in anticipation of summer travel and will typically decline
during the third quarter. Internet and commercial online service usage and the
rate of growth of such usage may be expected typically to decline during the
summer. Depending on the extent to which the Internet and commercial online
services are accepted as an advertising medium, seasonality in the level of
advertising expenditures could become more pronounced for Internet-based
advertising. Seasonality in the travel industry, Internet and commercial online
service usage and advertising expenditures is likely to cause fluctuations in
the Company's operating results and could have a material adverse effect on the
Company's business, operating results and financial condition.

                                      -15-
<PAGE>

     Due to the foregoing factors, quarterly revenues and operating results are
difficult to forecast, and the Company believes that period-to-period
comparisons of its operating results will not necessarily be meaningful and
should not be relied upon as an indication of future performance. It is likely
that the Company's future quarterly operating results from time to time will not
meet the expectations of security analysts or investors. In such event, the
price of the Company's Common Stock would likely be materially and adversely
affected.


LIQUIDITY AND CAPITAL RESOURCES

     During the six-months ended June 30, 2003, operating activities generated
cash of approximately $55,000 compared to $53,000 for the six-month period ended
June 30, 2002.

     In 2003, we sold short-term investments of approximately $116,000.

     We believe that our cash and short term investments on June 30, 2003 and
our anticipated cash flow from operations will be sufficient to meet our
obligations on a timely basis for the next 12 months.

ITEM 3 - CONTROLS AND PROCEDURES

     Evaluation of disclosure controls and procedures

     Our chief executive officer and chief financial officer have reviewed and
evaluated the effectiveness of our disclosure controls and procedures (as
defined in Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934
(the "Exchange Act"), as of a date within ninety days before the filing of this
quarterly report. Based on that evaluation, the chief executive officer and
chief financial officer have concluded that our current disclosure controls and
procedures are effective to ensure that information required to be disclosed by
us in reports that we file or submit under the Exchange Act is recorded,
processed, summarized, and reported within the time periods specified in the
Commission's rules and forms.

     Changes in internal controls

     There have not been any significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
date of their evaluation. There were no significant deficiencies or material
weakness in the internal controls, and therefore no corrective actions were
taken.

                                      -16-
<PAGE>

PART II --  OTHER INFORMATION

ITEM 1 -- LEGAL PROCEEDINGS

            None

ITEM 2 - CHANGES IN SECURITIES

            None

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

            None

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

            Not applicable

ITEM 5 - OTHER INFORMATION

            None

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

    a)  Exhibits

     (31) Rule 13a-14(a)/15d-14(a) Certifications of Chief Executive Officer and
          Chief Financial Officer (filed herewith).

     (32) Section 1350 Certifications of Chief Executive Office and Chief
          Financial Officer (filed herewith).

    b)  Reports on Form 8-K

     On February 11, 2003 the Company  filed a report  regarding the issuance of
200,000  and  800,000  shares of common  stock to YTB  Travel  Cruise  Ltd.  and
Yourtravelbiz.  Inc. in connection with the signing of a long term web servicing
agreement for a twenty (20) year period.


                                      -17-
<PAGE>



                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                    REZCONNECT TECHNOLOGIES, INC.

                                    /S/ Michael Y. Brent
                                    -------------------------------
                                    Michael Y. Brent, CEO
                                    Dated: August 7, 2003


                                    /s/ Derek J. Brent
                                    -------------------------------
                                    Derek J. Brent, CFO
                                    Dated: August 7, 2003

         This Form 10-QSB contains summary financial information extracted from
the financial statements for the six months ended June 30, 2003 and is qualified
in its entirety by reference to such financial statements.



                                      -18-