SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

___________________________________________

FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2001
Commission File No. 000-28251

US Data Authority, Inc.
(Exact name of small business issuer as specified in its charter)

|Florida
(State of Incorporation) | 65-0693150
(I.R.S. Employer Identification No.)
|-------------------------------- | -----------------------------------------------

3500 NW Boca Raton Boulevard, Building 811, Boca Raton, Florida 33431(Address of Principal Executive Offices)

(561) 322-4300
(Issuer's Telephone Number, Including Area Code)

N/A
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Check whether the issuer (1) 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 issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes __X__	No ____

APPLICABLE ONLY TO CORPORATE ISSUERS:Indicate the number of shares outstanding of each of the issuer's classes of common equity as of the latest practicable date.

Common stock, par value $.02 per share, 21,002,791 shares issued and outstanding as of May 16, 2001.

Transitional Small Business Disclosure Format (Check one): Yes __ No X

<End Page 1>

PART I
FINANCIAL INFORMATION

Item 1.	Financial Statements

US Data Authority, Inc.
(a development stage company)
Balance Sheets (Unaudited)

|Assets                                                                                                                                                                                                                                                                        
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                              
|Current assets:
Cash and equivalents                                                                                                                                                                                                                                          
|Accounts receivable, less allowance for doubtful collections                                                                                                                                                                                                                  
|Advances to officer and employees                                                                                                                                                                                                                                             
|Other current asset                                                                                                                                                                                                                                                           
|Total current assets                                                                                                                                                                                                                                                          
|Equipment under capitalized leases                                                                                                                                                                                                                                            
|Leaseholds, furniture, fixtures and equipment                                                                                                                                                                                                                                 
|Excess of costs over net assets acquired                                                                                                                                                                                                                                      
|Other assets                                                                                                                                                                                                                                                                  
|Total Assets                                                                                                                                                                                                                                                                  
|Liabilities and Shareholders' Deficit                                                                                                                                                                                                                                         
|Current liabilities:
Current portion of capitalized lease obligations                                                                                                                                                                                                         
|Accounts payable                                                                                                                                                                                                                                                              
|Accrued liabilities                                                                                                                                                                                                                                                           
|Notes payable, shareholders                                                                                                                                                                                                                                                   
|Due to related party                                                                                                                                                                                                                                                          
|Total current liabilities                                                                                                                                                                                                                                                     
|Capitalized lease obligations, less current portion                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                              
|Shareholders' deficit:
Preferred stock, $1.00 par; authorized 30,000,000 shares; no shares issued and outstanding
Common stock, $.02 par, authorized 100,000,000 shares; issued and outstanding 21,002,791 shares at March 31, 2001 and 20,000,159 shares at December 31, 2000
|Capital in excess of par                                                                                                                                                                                                                                                      
|Deficit                                                                                                                                                                                                                                                                       
|Accumulated deficit during the development stage                                                                                                                                                                                                                              
|Shareholders' deficit                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                              

Read the accompanying notes to financial statements, which are an integral part of this financial statement.

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US Data Authority, Inc.
(a development stage company)
Statements of Operations (Unaudited)

|                                                                          | For the three months
ended March 31,
|------------------------------------------------------------------------- | ------------------------------------
|                                                                          | 2001                                
|Operating expenses:
Technology and content, less miscellaneous revenues   | $1,235,400                          
|Compensation and related benefits                                         | 1,130,300                           
|Marketing and sales                                                       | 79,500                              
|General and administrative                                                | 315,500                             
|Interest                                                                  | 168,500                             
|Rent                                                                      | 39,700                              
|Amortization and depreciation                                             | 205,100                             
|                                                                          |                                     
|Less interest income                                                      | 2,200                               
|(Loss) from continuing operations                                         | (2,881,200)                         
|Income (loss) from discontinued operations, net                           | --                                  
|Net (loss)                                                                | (2,881,200)                         
|Income (loss) per share of common stock:
From continuing operations
Basic | (.144)                              
|Diluted                                                                   | (.144)                              
|From discontinued operations
Basic                                        | --                                  
|Diluted                                                                   | --                                  
|Net (loss) per share of common stock:
Basic                               | (.144)                              
|Diluted                                                                   | (.144)                              
|Weighted average common shares outstanding                                | 20,011,299                          

Read the accompanying notes to financial statements, 
which are an integral part of this financial statement.

<End Page 3>

US Data Authority, Inc.
(a development stage company)
Statements of Cash Flows (Unaudited)

|                                                                                                                                                                                                      | For the three months
ended March 31,
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------
|                                                                                                                                                                                                      | 2001                                
|Cash flows from operating activities:
Sources of cash:
Revenues
Interest                                                                                                                              | $346,864
2,200                      
|Uses of cash:
Technology and content
Compensation and related benefits
Marketing, selling, general and administrative
Rent
Cash used in discontinued operations, net                                  | (61,100)
923,170
326,604
39,700
--  
|                                                                                                                                                                                                      |                                     
|Cash (used-in) operating activities                                                                                                                                                                   | (879,300)                           
|Cash flows from investing activities:
Sources of cash:
Officer and employees loan repayments
Customer security deposits
Cash provided from discontinued operations, net                               | ----                                
|                                                                                                                                                                                                      | --                                  
|Uses of cash:
Advances to officers and employees
Purchases of leaseholds, furniture, fixtures and equipment, less amount financed
Payments to related party
Rent, utility and other security deposits | --15,600--22,400                    
|                                                                                                                                                                                                      |                                     
|Cash (used-in) investing activities                                                                                                                                                                   | (38,000)                            
|Cash flows from financing activities:
Sources of cash:
Sale of warrants
Sales of common stock
Shareholders loans
Cash provided from discontinued operations, net                                      | 62,500
222,500
800,000--            
|Uses of cash:
Cancellation of stock                                                                                                                                                                   | (140,600)                           
|Cash provided by financing activities                                                                                                                                                                 | 944,400                             
|Increase (decrease) in cash and equivalents                                                                                                                                                           | 27,100                              
|Cash and equivalents, beginning                                                                                                                                                                       | 61,800                              
|Cash and equivalents, ending                                                                                                                                                                          | 88,900                              

Read the accompanying notes to financial statements, 
which are an integral part of this financial statement.

<End Page 4>

US Data Authority, Inc.
(a development stage company)
Notes to Financial Statements
(Unaudited)
March 31, 2001

Note 1. - Basis of Presentation:

The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for the interim financial information and with the instructions to Form 10-QSB.
Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals)
considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2001, are not necessarily indicative of the results that may be expected for the year ended December 31, 2001. The unaudited
consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes for the year ended December 31, 2000, included in the Company's Annual Report on Form 10K-SB for the year ended December 31, 2000.

Note 2. - Accounts Payable and Accrued Liabilities

Included in Accounts Payable is approximately $1.9 million in amounts billed to the Company by AT&T which are subject to a billing dispute between AT&T and the Company. The billing dispute, which has been in effect for
the last three months, concerns amounts billed by AT&T to the Company as usage charges for the Company's network access points ("NAPs") co-located within AT&T facilities. The Company has fully detailed and shown AT&T conclusive proof that its
billings, since the inception of the relationship, have been excessive and largely in error in that certain operational costs of the NAPs were billed to the Company by AT&T before the NAPs were operational. As part of its negotiation strategy, AT&
T threatened termination of circuits and has demanded payment of disputed amounts despite good faith payments by the Company of $600,000, paid in the interest of resolving the dispute. Management is working diligently with executives of AT&T to
resolve these issues. While there can be no assurances that AT&T will accept all of the Company's requested credits and billing adjustments, AT&T has agreed to nearly $1 million of credits after the review of the first third of the disputed bills.

Included in Accrued Liabilities is approximately $650,000 in delinquent payroll taxes owed by the Company to the Internal Revenue Service for periods in calendar year 2000. Management is currently developing a payment plan with
respect to these amounts in preparation for presenting such plan to the IRS. The Company is current in its payroll tax obligations for all periods in 2001.

Note 3. - Notes Payable, Shareholders

The following table summarizes the information regarding the notes due shareholders as of March 31, 2001:

<End Page 5>

|Amount     | Maturity Date/Interest Rate                 | Other Terms                                                                                                                                                                        
|---------- | ------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|$1,000,000 | October 2001; 12%
Secured by Company assets | Convertible at the Company's option into shares of Common Stock at the lower of $1 or the price paid in the latest private placement                                               
|$100,000   | Demand; 12%
Unsecured                       |                                                                                                                                                                                    
|$250,000   | February 15, 2002; 10%
Unsecured            | Convertible at holder's option into 1,250,000 shares of Series A Preferred Stock, with 10 votes per share and, in turn, into 1,250,000 shares of Common Stock on February 15, 2004.
|$550,000   | First Quarter 2002; 12% 
Unsecured          | Convertible at the lender's option into shares of Common Stock at prices ranging from $1.25 to $.20 per share, depending on the time of conversion                                 
|$1,900,000 |                                             |                                                                                                                                                                                    

No interest has thus far been paid with respect to any of these notes, payment thereof having been deferred by the obligees.

Note 4. - Common Stock

Included in the shares of Common Stock issued and outstanding are 526,316 shares held in escrow for the benefit of IDT fund, Ltd., which purchased 526,316 additional shares at a price of $.38/share on March 19, 2001. Certain of
the escrowed shares would be transferred to IDT if the Company does not make the shares purchased by IDT subject to an effective SEC registration statement by September 19, 2001, or if IDT does not realize a 25% profit upon sale of its purchased shares.

Also, under an agreement entered by the Company on March 22, 2001, with HITACHI Data Systems, Inc. ("HDS"), the Company agreed to grant HSD 4,000 shares of the Common Stock for each of the first fifty (50) terabytes shipped into
the Company's network. The maximum number of shares that HDS could receive under the agreement is 200,000.

The calculation of total number of shares outstanding and weighted average number of shares outstanding were calculated as follows:

<End Page 6>



|Shares Beginning                                        | 20,000,159
|------------------------------------------------------- | ----------
|Shares Issued on March 19, 2001                         | 1,052,632 
|Shares cancelled on March 26, 2001                      | -50,000   
|Total number of share outstanding as of March 31, 2001: | 21,002,791
|Weighted average number shares outstanding              | 20,011,299

Prior to January 1, 2001, the Company issued stock purchase warrants as follows:

|             | Expiration   | Weighted
AveragePrice | Number
ofShares
|------------ | ------------ | --------------------- | ---------------
|Shareholders | 2002 to 2003 | $7.25                 | 3,010,000      
|Supplier     | 2005         | $7.17                 | 66,667         
|Total        |              |                       | 3,076,667      

During the first quarter of 2001, the Company sold a stock warrant for 250,000 shares of the Common Stock for $62,500 to La Jolla Cove Investors, Inc. The exercise price of the warrant is the lowest of 80% of the lowest closing bid
price of the Company's stock during the thirty trading days prior to exercise or $4.00, less a prorata portion of $31,250. The warrant expires on February 7, 2002.

The Company has granted stock options to various current and former employees under the 2000 Stock Incentive Plan. As of March 31, 2001, 225,600 options were outstanding at the exercise price of $7.14 per share, exercisable during
the next ten years, and 300,000 options were outstanding at the exercise price of $.40 per share, exercisable on or before September 2001. There were no stock options exercised as of March 31, 2001.

<End Page 7>

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

Overview

During the first quarter of 2001, the Company continued in its efforts to increase revenue from operations beyond an auxiliary level and otherwise to expand its operations with the view to exiting the development stage by the
end of 2001. As described more particularly below, these efforts have continued to be challenged by the Company's lack of capital resources. As of the date of this report, there is no assurance that the Company will be able to overcome this challenge and
emerge from the development stage in the near future.

Sales

Sales of the Company's products and services have experienced a positive trend over the first quarter and April and 2001. Monthly sales for this period were as follows:

|                                                        | Sales                                       
|------------------------------------------------------- | --------------------------------------------
|January
February
March
April
May (through May 11, 2001) | $ 33,256
$121,847
$136,501
$147,783
$154,397

Urgent efforts are underway to enhance orders, sales and revenue figures through the implementation of a Master Agent Program. While retaining and reinforcing the inside sales force, the Company is in the process of augmenting that
resource through three (out of a contemplated 30) strategic marketing agreements, with Epic Communications, Louisville, Kentucky, Unilink, Columbus, Ohio, and Advanced Technology Consulting, Cincinnati, Ohio. These agreements are designed to provide an
outlet for sales of the Company's products and services through the thousands of salespersons employed by the Master Agents. It is anticipated that the Company will be able to begin to generate orders from this new sales channel as early as June 2001.

In addition to the sales initiatives, the Company has several programs under development that are targeted at providing new sources of revenue and profitability. Specifically, on March 22, 2001, the Company entered into an initial
$33 million dollar contract with HITACHI Data Systems. The agreement will expedite the delivery of the data storage hardware and support necessary to launch a national Internet Storage Infrastructure (ISI) utilizing the Company's national network. By
integrating data storage capability into the network, the Company will be able to enhance its capability to generate revenue with minimal additional capital outlay because, under the HITACHI agreement, the Company will be able to repay HITACHI's services
through a revenue sharing arrangement.

<End Page 8>

Liquidity and Capital Resources

The Company's operations thus far have been funded utilizing the proceeds of (i) the $2.4 million private placement into the former US Data Authority, Inc. before the merger on May 1, 2000, (ii) the $1.12 million private
placement conducted during August-September 2000, (iii) the $1.0 million convertible bridge loan made available to the Company by a group of directors and shareholders in late October 2000, (iv) the $100,000 demand loan made to the Company by a director
in late 2000, (v) the $800,000 in loans made to the Company by certain of the directors in the first quarter 2001, (vi) the sale by the Company of the warrant to LaJolla Cove Investors, Inc. for $62,500 in February 2001, (vii) the sale by the Company of
526,316 shares of the Common Stock for $200,000 to IDT Fund, Ltd. and (viii) the sale by the Company of $750,000 in convertible debentures to two investors in April 2001. As of March 31, 2001, the Company also owed approximately $2.9 million under a
capital lease with Cisco Systems Capital Corporation, the proceeds from which were used to acquire network equipment.

In order to implement the Company's business plan of stabilizing its net income from operations at a level sufficient to achieve positive cash flow and exit the development stage, additional capital in the $8.0-$10.0 million range
is required. Management is engaged in the most urgent efforts to raise such capital. There is no assurance that such efforts would be successful.

Results of Continuing Operations

In the first quarter of 2001, the Company reported a net loss of $2,881,000. During the first four months of 2001, the Company has been undertaking the process of restructuring its inside sales force, technical staff and
administrative support personnel. The Company has identified additional cost saving that would reduce the monthly cash spend rate by approximately $300,000 per month as compared to the fiscal year 2000 spend rate. Because of the timing of the
restructuring and savings programs, a portion of the savings from these initiatives has already been reflected in this quarter's financial results.

Operating expenses for the quarter amounted to $3,175,000, including $1,620,400 of technology and content (less $384,000 of offsetting revenues), compensation related expenses of $1,130,300, marketing and sales expense $79,400 and
general and administrative expense of $315,500. As a result of the foregoing, the Company incurred a loss per share of common stock from continuing operations of $.14 on a basic and fully diluted basis.

Comparable figures for the first quarter of 2000 are not presented here because during such period the Company, then known as SunVest Resorts, Inc., was engaged in the real estate business, which has since been discontinued, and
any comparison would be meaningless.

<End Page 9>

Forward-looking Statements

The foregoing discussion contains statements which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include all statements that are not statements of historical fact regarding the intent, belief or expectations of the Company and its management with respect to, among other things: (1) trends affecting our operations, financial
condition and business; (2) our growth and operating strategies; (3) our ability to achieve our sales objectives; (4) the continued and future acceptance of and demand for our products and services by our customers; and (5) our ability to raise additional
capital if and when needed. The words "may," "will," "anticipate," "believe," "intend," "plan," "allow," "strategy" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future
performance and actual results may differ materially from those projected in the forward-looking statements as a result of risks related to (a) our ability to achieve, manage or maintain growth and execute our business strategy successfully; (b) our
ability to sell our products and services customers; (c) our ability to respond to competition; and (d) the volatility associated with Internet-related companies. The Company undertakes no obligations to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

<End Page 10>

PART II
OTHER INFORMATION

Item 1.	 Legal Proceedings.

There are no material pending legal proceedings to which the Registrant or any of its property is the subject.

Item 2.	 Changes in Securities.

(a)	None.

(b)	None.

Item 3. Defaults Upon Senior Securities.

None.

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

None.

Item 5. Other Information.

None.

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

A. Exhibits:

None

B. Reports on Form 8-K

Registrant filed a report on Form 8-K on March 6, 2001, wherein it reported an amendment to its Articles of Incorporation containing a designation of 2,000,000 shares of Series A Preferred Stock and the purchase by two directors
from the Company of $250,000 of convertible debentures, convertible into shares of such Preferred Stock.

<End Page 11>

SIGNATURES

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

US DATA AUTHORITY, INC.

|Date: May 21, 2001 | By: /S/ Dominick F. MaggioDominick F. Maggio, 
Chief Operating Officer and 
Executive Vice President
|------------------ | ----------------------------------------------------------------------------------------------------

<End Page 12>