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


                                  FORM 10-QSB/A
                                 AMENDMENT NO. 1


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

                For the quarterly period ended December 31, 2000

                                       OR

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

          For transition period from _______________ to _______________


                        Commission file number 0-22310

                             LASV ENTERPRISES, INC.
                             ----------------------
              (Exact name of small business issuer in its charter)

               DELAWARE                                 33-0564327
    (State or other jurisdiction of                 (I.R.S. Employer
     incorporation or organization)               Identification No.)


         201 1736 152nd Street, Surrey, British Columbia Canada V4A 4N4
         --------------------------------------------------------------
                 (Address of principal executive offices)  (Zip Code)

Issuer's telephone number, including area code:    (604) 541-6253
                                                   --------------


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

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
classes of Common Stock, as of the latest practicable date.


Common Stock, $.001 par value                               10,308,610

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

Title of Class                                      Number of Shares outstanding
                                                    at February 19 , 2001


Transitional Small Business Disclosure Format (check one):
                          YES   [   ]     NO   [X]
<PAGE>




                             LASV ENTERPRISES, INC.

                                      INDEX

Part I.  Financial Information

Item 1:  Financial Statements (Unaudited)

          Balance Sheet as of December 31, 2000                         2

          Statement of Operations for the three months
           ended December 31, 2000 and 1999                             3

          Statement of Cash Flows for the three months ended
          December 31, 2000 and 1999                                    4

          Note to Financial Statements                                  5-8

Item 2.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                      9-13

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings                                              13

Item 2.  Change in Securities and Use of Proceeds                       14

Item 3.  Defaults Upon Senior Securities                                14

Item 4.  Submission of Matters to a Vote of Security Holders            14

Item 5.  Other Information                                              14

Item 6.  Exhibits and Reports on Form 8-K                               15

SIGNATURES                                                              16


                                       1




<PAGE>

Part I.  Financial Information

Item 1:  Financial Statements


                              LASV ENTERPRISES INC.
                                  BALANCE SHEET
                                   U.S. Funds

                                     ASSETS

                                               Three months          Year
                                                   Ended            Ended
                                                December 31     September 30,
                                                   2000              2000
                                                -----------      -----------
                                                (Unaudited)
CURRENT
    Cash                                      $         148    $       -
                                                -----------      ------------
                                                        148            -
                                                -----------      ------------

CAPITAL ASSETS (Note 4)                           2,825,000         2,825,000
                                                -----------      ------------
                                              $   2,825,148    $    2,825,000
                                                ===========      ============


                                  LIABILITIES

CURRENT
    Accounts payable                          $      73,000    $      73,000

DUE TO SHAREHOLDERS (Note 5)                      1,538,057        1,481,108

NOTE PAYABLE (Note 6)                             1,950,000        1,950,000
                                                -----------      -----------
                                                  3,561,057        3,504,108
                                                -----------      -----------


                        SHAREHOLDER EQUITY (DEFICIENCY)

SHARE CAPITAL (Note 7)                              238,925          238,925

DEFICIT                                            (974,834)        (918,033)
                                                -----------      -----------

                                                   (735,909)        (679,108)
                                                -----------      -----------
                                              $   2,825,148    $    2,825,000
                                                ===========      ============

See Accompanying Notes

                                       2

<PAGE>


                              LASV ENTERPRISES INC.
                             STATEMENT OF OPERATIONS
                 FOR THE QUARTERS ENDED DECEMBER 31, 2000 & 1999
                                   (Unaudited)
                                   U.S. Funds



                                                Three months     Three months
                                                     Ended           Ended
                                                  December 31    December 31
                                                     2000            1999
                                                  -----------     -----------


REVENUE                                         $       -       $     -
                                                  -----------     -----------


GENERAL AND ADMINISTRATIVE EXPENSES                    56,949         -
                                                  -----------     -----------


NET LOSS FROM CONTINUING OPERATIONS             $      56,949   $     -
                                                  ===========     ===========





See Accompanying Notes





                                       3




<PAGE>

                              LASV ENTERPRISES INC.
                             STATEMENT OF CASH FLOWS
                 FOR THE QUARTERS ENDED DECEMBER 31, 2000 & 1999
                                   (Unaudited)
                                   U.S. Funds



                                                   Three months    Three months
                                                       Ended           Ended
                                                    December 31    December 31
                                                       2000            1999
                                                    -----------     -----------
CASH RESOURCES PROVIDED BY (USED IN)
    OPERATIONS

Cash Flow provided by operations before
   the undernoted                                 $      56,801   $     -
Non-cash working capital                                 -              -
                                                    -----------     -----------
                                                         56,801         -
                                                    -----------     -----------

INVESTING
  Purchase of capital asset                           -                 -
                                                    -----------     -----------

FINANCING
  Sale of shares                                         -              -
  Advances from shareholders                             56,949         -
  Note payable                                           -              -
                                                    -----------   -------------

                                                         56,949         -
                                                    -----------     -----------


NET INCREASE (DECREASE) IN CASH                             148         -

CASH POSITION AT BEGINNING OF PERIOD                    -               -
                                                    -----------     -----------

CASH POSITION AT END OF PERIOD                    $         148   $     -
                                                    ===========     ===========




See Accompanying Notes


                                       4

<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2000
                                   (Unaudited)
                                   U.S. Funds


1.      CONTINUED OPERATIONS

        These consolidated  financial statements have been prepared on the basis
        of accounting principles  applicable to a "going concern",  which assume
        that the company will continue in operation for the  foreseeable  future
        and will be able to realize its assets and discharge its  liabilities in
        the normal course of operations.

        The continuation of the company as a going concern is dependent upon its
        ability  to obtain  additional  financing  to meet its  obligations  for
        future  development  and the  attainment of successful  operations.  The
        company is currently  seeking new investors to raise the needed  working
        capital.

        These  financial  statements  do not reflect  adjustments  that would be
        necessary if the "going concern" assumption were not appropriate because
        management  believes  that the  actions  already  taken or  planned,  as
        described above,  will mitigate the adverse  conditions and events which
        raise doubts about the validity of the "going  concern"  assumption used
        in preparing these financial statements.

        If the  "going  concern"  assumption  were  not  appropriate  for  these
        financial  statements,  then  adjustments  would  be  necessary  in  the
        carrying  values of assets and  liabilities,  the reported  revenues and
        expenses, and the balance sheet classifications used.


2.      SIGNIFICANT ACCOUNTING POLICIES

        These financial  statements are prepared on the historical cost basis in
        accordance with generally accepted accounting principles.

        a)  Use of Estimates

        The  preparation  of financial  statements in conformity  with generally
        accepted accounting principles requires management to make estimates and
        assumptions that affect the amounts reported in the financial statements
        and accompanying  notes.  These estimates are based on management's best
        knowledge of current  events and actions that the company may  undertake
        in the future.

                                       5


<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2000
                                   (Unaudited)
                                   U.S. Funds


2.      SIGNIFICANT ACCOUNTING POLICIES, continued

        b)  Foreign currency transactions

        The financial  statements of the company are reflected in U.S.  dollars.
        The company uses the temporal method of accounting for foreign  currency
        translations,  whereby  monetary  items  are  translated  at the rate of
        exchange in effect at the balance  sheet  date,  non-monetary  items are
        translated  at  historical  rates  and  revenue  and  expense  items are
        translated at the rate of exchange on the dates they occur.

        c)  Capital Assets

        Capital  Assets are recorded at cost.  Amortization  of  buildings  will
        begin once construction is complete.  Amortization is provided using the
        declining balance method at the following rates:


                             Buildings                                 5%
                             Equipment                                20%
                             Furniture & fixtures                     20%

        d)  Loss per Share

        Basic  loss per  share  computations  is based on the  weighted  average
        number of shares outstanding during the year. Fully diluted earnings per
        shares have not been disclosed, as it is anti-dilutive.


3.      FAIR VALUE OF FINANCIAL INSTRUMENTS

        The  company's  financial  instruments  consist of accounts  receivable,
        cheques  issued in excess of deposits,  accounts  payable and  long-term
        debt.  Unless  otherwise  noted,  it is  management's  opinion  that the
        company is not exposed to significant interest, currency or credit risks
        arising  from  the  financial  instruments.  The  fair  value  of  these
        financial  instruments  approximates  their  carrying value due to their
        short-term maturity or capacity of prompt liquidation.

                                       6



<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2000
                                   (Unaudited)
                                   U.S. Funds

4.      CAPITAL ASSETS

                                                                2000
                                               Accumulated    Net Book
                                  Cost        Amortization     Value
                             -------------     -----------   -----------
            Buildings        $   1,440,750     $         -   $ 1,440,750
            Equipment              217,515         217,515             -
            Land                 1,384,250               -             -
                             -------------     -----------   -----------
                             $   3,042,515     $   217,515   $ 1,440,750
                             =============     ===========   ===========

5.      DUE TO SHAREHOLDERS

        Amounts  due to  shareholders  are  non-interest  bearing  and  have  no
        specific terms of repayment.  The shareholders have indicated that these
        amounts  need  not  be  repaid   within  the  next  fiscal   period  and
        consequently these have been classified as long term.

6.      NOTE PAYABLE

        The loan payable is  non-interest  bearing and has no specific  terms of
        repayment.  The note holder has indicated that these amounts need not be
        repaid  within the next fiscal period and  consequently  these have been
        classified as long term.

7.      SHARE CAPITAL

        Authorized
        ----------

        The authorized  capital of the company  consists of  100,000,000  Common
        Shares with a par value of $.001 and 1,000,000  Preferred  shares with a
        par value of $.001.

        Issued and Outstanding
                                               Number               Amount
                                            -----------          ------------
        Balance, September 30, 1998           3,937,000          $    170,487
               Issued for cash                   20,400                51,000
                                            -----------            ----------
        Balance, September 30, 1999           3,957,400               221,487
               Issued for cash               17,437,640                17,438
                                            -----------            ----------
        Balance, September 30, 2000          21,395,040          $    238,925
                                            ===========            ==========

                                       7

<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2000
                                   (Unaudited)
                                   U.S. Funds

8.      NAME CHANGE

        During  the  year the company  changed its  name from Las Vegas Airlines
        Inc. to LASV Enterprises Inc.

9.      UNCERTAINTY DUE TO THE YEAR 2000 ISSUE

        The year 2000 issue  arises  because many  computerized  systems use two
        digits rather than four to identify a year.  Date-sensitive  systems may
        recognize the year 2000 as 1900 or some other date,  resulting in errors
        when  information  using year 2000  dates are  processed.  In  addition,
        similar  problems may arise in some systems,  which use certain dates in
        1999 to represent  something  other than a date.  Although the change in
        date has  occurred,  it is not possible to conclude  that all aspects of
        the year 2000 issue that may affect the entity,  including those related
        to  customers,  suppliers,  or other  third  parties,  have  been  fully
        resolved.

10.     SUBSEQUENT EVENT

        On January 24, 2001, the Company  announced the share  consolidation  of
        one new share for each five  pre-consolidated  shares.  These  financial
        statements do not give effect to this change.



                                        8





<PAGE>


Item 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
            FINANCIAL CONDITION

     On October 2, 2000,  the  Company  announced  that  SilverHawk  Development
Corporation  recognized the Republic of China  opportunity 4 years ago when they
initiated Sun Vacation & Exchange Club. Currently SilverHawk has on "test" sales
and operation marketing operation in Kunming, China, employing 60 professionals.
During  the year 2001,  SilverHawk  Development  Corporation  expects to have an
estimated 12 to 15 sales centers.

     On October 4, 2000,  the  Company  announced  that  SilverHawk  Development
Corporation  has signed an additional  new joint venture  contract with Southern
China Development  Corporation.  SilverHawk anticipates the launch of hotels and
sales operations  outside China and throughout Asia during the first half of the
year 2001.

     On  October  25,  2000,  SilverHawk  announced  all  agreements  with  LASV
Enterprises,  Inc. had been terminated  because of differences that could not be
resolved.

     On October 26, 2000,  the Company  announced  that the  Attorneys  for LASV
Enterprises,   Inc.  and  the  SilverHawk  Development  Corporations'  Attorneys
strongly counseled the Company, that due to the debt situation within SilverHawk
Development   Corporation,   and  the  fact  that   verification  of  SilverHawk
Development  Corporation's  ownership  of any hotels or  resorts in Mexico,  the
United States, including the widely talked about Anaheim project at the expanded
Disneyland  Park, as well as the lack of  verification on the hotels and resorts
in China,  and being that the only  verification  presented by SilverHawk was an
Option Agreement regarding a hotel in Mexico and an Option Agreement on a resort
in the Cook Islands, completion of the transaction was not advisable. It was the
opinion  of  the  company  that  the   acquisition  of  SilverHawk   Development
Corporation  and its  associated  companies had no present asset value of future
revenue potential.

     On October 26,  2000 the Company  also  announced  approval  from the State
Secretary of Finance in the Dominican  Republic for a casino and gaming  license
to be operated  within the project in Cabarete  Bay.The  Company also  announced
that Von G. Batesole and John Chupa had resigned as Directors of the Company.

     On October 31,  2000,  the Company  announced  a  correction  to a previous
release  dated  the same day;  that the  Company  has  entered  into  settlement
negotiations with Howell & Associates,  L.L.P., a creditor,  who also represents
claimants relating back to the previous Chairman, Michael O. Ison.

     On  November 7, 2000,  the  Company  announced  the  appointment  of Albert
Landwehr, Jr. to the Board of Directors.

     On November 10, 2000 the Company  announced that the Company and Associated
Insiders will buy up to 1,000,000 shares over the next 30 days.


                                       9


<PAGE>


     On December 12, 2000, the Company announced the appointment of Timothy Metz
to the Board of Directors.

     On  December  18,  2000,  the Company  announced  the  concluded  financial
negotiations  with a Financial Group in Europe to advance the outstanding  funds
owed by the Company for the Dominican Republic project. The Financial Group will
hold a first mortgage against the property until the debt is repaid. The Company
also  announced that in reference to the press release on November 10, 2000 that
purchases have been  confirmed for over 550,000 shares  purchased by Associates.
While the 30 days have lapsed,  Associates continue to buy shares confirming the
undervaluation of the Company's share price.

     On  December  20, 2000 the  Company  announced  they had signed a Letter of
Intent to acquire 100% of the common stock of Rugby  International  Corp., which
holds the license for the sole online  lottery in the lucrative  niche market of
private and semi private  online lottery  businesses in the Russian  Federation.
Rugby International Corp. and the Union of Journalists,  jointly own Press-Loto,
which will operate the lottery.

     On December 28, 2000 the Company announced conclusion of final negotiations
to acquire  100% of the common  shares of Alliance  Financial  Group,  a company
concerned  in the  installation  and  operation  of  automated  teller  machines
throughout  Europe.  Approval for $10 million start-up capital from a US Funding
Group,  headed by Texas  Capital has been  received.  Repayment  of this loan is
scheduled  over a  seven  year  period.  Additionally,  final  negotiations  are
underway to acquire 100% of the patented  SmartCard  Technology for  integration
within the automated teller machines.


DISCUSSION OF SUBSEQUENT EVENTS FOR THE PERIOD OF JANUARY 1, 2001 TO JANUARY 29,
2001

     On January 4, 2001, the Company  announced that the 10KSB was completed and
scheduled for filing.  The Company  remains in compliance and current with their
filings.  The Company also announced that the financial  negotiations  and terms
related to the $1,950,000 and the $3,500,000 additional financing for completion
of the building is to be disclosed.  An increase in volume of shares traded from
1,380,183 in November to 4,347,080 in December.

     On January 8, 2001 the Company  received legal documents from a disgruntled
shareholder  which  dates  back to the  previous  owners and  management  of the
previous entity,  Las Vegas Airlines,  Inc., over a stock issuance  discrepancy.
The basis of the lawsuit was actions and inactions of the pre-purchased  company
and has no reflection upon the current ownership and management.  The company is
addresssing   the  issues  raised  in  the  suit.  The  Company  and  its  Legal
Representatives feel this does not reflect on current management and operations.

     The  Company  has  reached an  agreement  in theory  and formal  assignment
documents are being prepared. The Company will receive an undisclosed percentage
of any settlement.  In return, all existing and proposed  litigation in relation
to these issues will be dismissed with prejudice.

                                       10

<PAGE>

     On January 10, 2001, the Company  announced that P.P.C.,  public  relations
for the Company and the Agent  representing the sale of the Hilton Hotel project
concluded  their  meeting  in Texas,  U.S.  Upon  receipt  of the final  audited
financial  statements and casino / gaming license,  the due diligence  personnel
shall  travel to  Colombia to  evaluate,  analyze,  finalize  and  conclude  the
acquisition. The completion of the acquisition will allow the Company to acquire
100% ownership of the hotel and licenses issued for the hotel.  Additionally the
Company is in the process of completing  the final closing  documents  regarding
the Lottery in the Russian  Federation.  This  operation  shall be linked to the
resort in the Dominican Republic.

     On January  12,  2001,  the Company  announced  the 10KSB had been filed on
EDGAR for the fiscal year ending September 30, 2000. As of January 5, 20001, the
date of the filing,  there were no legal  proceedings  in progress or pending at
this time after due diligence by the Company.

     On January 17, 2001, the Company  announced the  appointment of Tim Metz as
President,  Albert  Landwehr as Secretary  and Robert  Abbott as  Director.  The
Attorneys for the Company are reviewing  the final closing  documents  regarding
the Lottery in the Russian  Federation.  Signing of the Agreement and completion
of obligations is expected later this week.

     On January 24, 2001, the Company  announced the share  consolidation of one
new share for each five  pre-consolidated  share is in effect.  The post reverse
total will be  5,921,842,  the new CUSIP is 518136 20 5, the new symbol is LASV.
The  Company  also  stated  it  will  be  refiling  an  amended  10K  due to the
typographical  error found in its last filing  correcting  the total  issued and
outstanding shares from 22,633,311 to 29,609,211.

     On January 24, 2001,  the Company  also  announced in a second news release
that the  acquisition  for 100% of Rugby National  Corp, the Operators,  and the
Union of Journalists,  jointly known as Press - Lotto in the Russian Federation,
currently  holding the sole online  computer  Lottery License had been concluded
and  executed.  The division of revenues are as follows:  Rugby  National  Corp.
(LASV  Enterprises,  Inc.) 17.5%,  Union of Journalists  17.5%, Prize Allocation
50%,  Expense  Allocation  15%.  With  the  conclusion  of this  Agreement,  the
commencement  in  installation of real computer on line lottery with a real time
paramutual (prize structure) is scheduled  forthwith.  Press - Lotto has already
procured  select  locations  for the first  phase of 500 on line  installations.
Based on the current projections it is estimated 1st year gross revenues of $150
million.  Second year gross  revenues are projected at $350 million.  Fifth year
gross  revenues are projected at $3 billion to $4 billion,  conservatively.  The
Russian  Federation  consists of 22 major market areas.  Expansion over the five
year term will encompass 45,000 terminals  throughout these 22 regions servicing
an  increasing  population  of  approximately  200 million.  The Company is also
entering into further discussions with industry leaders of lottery equipment and
services to assist in operations.


                                      11


<PAGE>


     On January 29, 2001, the Company announced it is moving rapidly to commence
start up of the  national  lottery in the Russian  Federation.  This  project is
ready to be started first in Moscow,  and to be enlarged in the territory of the
Russian Federation in the future. The Union of Journalists and the assistance of
its' 60,000 members,  along with Rugby National Corp.  provides the project with
the License, the communications and organizational  skills to carry this lottery
to  fruition.  The  recommendations  of the  Board  was to  commence  operations
immediately with a view to expand to a full National  operating Lottery in 3 - 5
years.

     On January 29, 2001,  the Company also  announced in the same news release,
the  appointment  of Mr. W. Brent  Pennington  to the Board of  Directors of the
Company.  Mr.  Pennington  will be in charge of the  initial  set up and ongoing
expansion  of the Lottery  within the  Russian  Federation.  With his  extensive
expertise in lotteries, his vast amount of experience in Eastern Europe, and his
assessment of the culture and lottery  opportunities,  he brings an  unsurpassed
professional  management  leadership  profile to the project.  His experience in
gaming,  lottery  project s and  management is as follows:  Senior  executive of
business development and operations of government sponsored lotteries. Extensive
experience  within the government  sector  (technology  and  management)  and an
executive consultant in North America,  Europe, Asia and the Russian Federation.
Expertise   in  the   political   process   of  lottery   related   legislation,
pre-operations  strategy  planning,  project  management   implementation,   and
management of lottery  organization.  Director and Retail  Development for GTECH
Corporation  (NYSE:  GTK, Games Services  International,  L.P.;  Chief Operating
Officer and management  consultant,  Virginia  Lottery,  USA; Director of Sales,
Washington State Lottery, USA; Director of Marketing & Sales.

     On January 29, 2001,  the Company also  announced  the  appointment  of Mr.
Harvey Weinstein to the Board of Directors of the Company. Founder of US Imaging
Inc., a retail sales and service  company  specializing in X-ray equipment which
developed  into a world wide  manufacturer  of Digital  Imaging  Equipment  with
offices in New York,  China,  The Russian  Federation  and South  America.  Once
established  in his office in the Russian  Federation,  Mr.  Weinstein  formed a
partnership  with Moscow Trans. To establish the outdoor  advertising on trolley
and buses of which was later sold.  After  working on the Lottery  License for 7
years,  the Lottery  License was received in 1998 with the Union of  Journalists
for Russia and the formation of Press - Lotto was commenced.


On February 13, 2001, the Board of Directors held its special meeting to confirm
the  issuance  of  Restricted  144 Stock  for debt  conversion  for  outstanding
financing and loan agreements  duly noted in the audited  September 30, 2000 and
unaudited financials of December 31, 2000. The shares shall be calculated at 71%
of the closing price on February 13, 2001 of $0.96875,  the determined par value
$0.75.


                                       12

<PAGE>



On  February  18,  2001,  the Board of  Directors  held its  special  meeting to
authorize and duly adopt by consent action by the holders of in excess of eighty
three percent (83%), in written format and filed,  of the Company's  outstanding
stock  entitled to vote thereon,  in accordance  with Section 228 of the General
Corporation  Law of the State of Delaware,  the merger  transaction  between the
Company and D.C.T. Corporation, Ltd.

On February,  18, 2001,  the Board of Directors upon further motion and seconded
that Timothy Metz,  President is empowered,  authorized  and directed to execute
any and all documents to accomplish the merger  transaction  between the Company
and D.C.T. Corporation, Ltd.
as he in his discretion deems to be in the interests of the Corporation.

     On February  19, 2001 the Board of  Directors  for LASV  Enterprises,  Inc.
consists of:


         Timothy Metz               President & Director
         Albert Landwehr            Secretary & Director
         Robert Abbott              Director
         Harvey Weinstein           Director



                           PART II. OTHER INFORMATION

Item 1.     LEGAL PROCEEDINGS

Marvin Winograde v. LASV Enterprises, Inc.
NAPA County Superior Court (California)
Case No. 26 12125
-------------------------------------------

     On January 8, 2001 the Company  received legal documents from a disgruntled
shareholder  which  dates  back to the  previous  owners and  management  of the
previous entity,  Las Vegas Airlines,  Inc., over a stock issuance  discrepancy.
The basis of the lawsuit was actions and inactions of the pre-purchased  company
and has no reflection upon the current ownership and management.  The company is
addresssing   the  issues  raised  in  the  suit.  The  Company  and  its  Legal
Representatives feel this does not reflect on current management and operations.

     The  Company  has  reached an  agreement  in theory  and formal  assignment
documents are being prepared. The Company will receive an undisclosed percentage
of any settlement.  In return, all existing and proposed  litigation in relation
to these issues will be dismissed with prejudice.

                                       13

<PAGE>



Item 2. CHANGES IN  SECURITIES  - and Use of Proceeds

On October 27, 2001, the Company advised the relevant Attorneys,  Transfer Agent
and parties  involved  that in  accordance  with the  Agreements  with which the
Company entered into with SilverHawk  Development  Corporation,  the issuance of
Restricted 144 Stock for a  preconsolidated  2,500,000 shares for the SilverHawk
Development Corporation, with the requested name issuance of Von G. Batesole was
to  immediately  have a STOP and  CANCEL  order  attached  to it for  return  to
Treasury.  Mr. Batesole was requested to return the shares,  to date the Company
has not received them.

Due to the Fact that the transaction  and acquisition of SilverHawk  Development
Corporation was never satisfactorily completed, the issuance of this certificate
is thereby not permitted  with SEC Rules and  Regulations  and must therefore be
cancelled with immediate effect.

On  February  19,  2001  the  certificate   issued  to  SilverHawk   Development
Corporation and Mr. Von G. Batesole is outstanding and is therefore reflected in
the Corporation's total issued and outstanding as of this date.



Item 3.     DEFAULTS UPON SENIOR SECURITIES - None


Item 4.     SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS

On December 26,  2000,  an Amendment to the  Certificate  of  Incorporation  was
authorized by the Board of Directors  and duly adopted by consent  action by the
holders of in excess of eighty five percent (85%) of the  Company's  outstanding
stock  entitled to vote  thereon in  accordance  with Section 228 of the General
Corporation Law of the State of Delaware.

On  February  18,  2001,  the Board of  Directors  held its  special  meeting to
authorize and duly adopt by consent action by the holders of in excess of eighty
three percent (83%), in written format and filed,  of the Company's  outstanding
stock  entitled to vote thereon,  in accordance  with Section 228 of the General
Corporation  Law of the State of Delaware,  the merger  transaction  between the
Company and D.C.T. Corporation, Ltd.


Item 5. OTHER INFORMATION - None

As of December 31, 2000,  there were  approximately  310 stockholders of record.
Subsequent  to  October  1,  2000,  the  volume of shares  traded  increased  to
1,380,183, in October to 2,368,518 in November and 4,347,080 in December.


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<PAGE>

Item 6.     EXHIBITS AND REPORTS ON FORM 8-K

            (a)     Exhibits

Number    Description
------    -----------

27.1        Financial Data Schedule *

    * Previously filed


            (b)   Reports on Form 8-K

          The Company  filed a report on Form 8-K on December 11, 2000 to report
a change in accountants and certain changes in management.














                                       15



<PAGE>






                                   SIGNATURES


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



                                          LASV Enterprises, INC.



Date:     February 28, 2001           By:  /s/ Tim Metz

                                            --------------------
                                            Tim Metz
                                            President, Director (and duly
                                            authorized officer)





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