<PAGE>

               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 March 31, 2001

                                      OR

             ( ) 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 0-9311

                      Central Capital Venture Corporation
                    --------------------------------------
            (Exact name of registrant as specified in its charter)

           Nevada                                        87-0269260
-----------------------------                        ------------------
(State or other jurisdiction                          (I.R.S. Employer
of incorporation or organization                    Identification Number



    PMB 112, 5600 W. Lovers Lane, Dallas, TX 75209-4330
---------------------------------------------------------------------
(Address of principal executive offices)       (Zip Code)

                                (214) 219-0516
                                --------------
             (Registrant's telephone number, including area code)


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

(Former name, former address and former fiscal year, if changed since last
report) 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 by check mark whether the registrant has filed all documents and
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 subsequent to the distribution of securities under a plan confirmed
by a court. Yes (X) No ( )

As of March 31, 2001, there were 2,732,985 shares of common stock ($.001 par
value) issued and outstanding.

Total sequentially numbered pages in this document:

                                       1
<PAGE>

Part I.  Financial Information                                       Page

             Condensed Statements of Loss and Deficit
             Condensed Balance Sheet
             Condensed Statement of Cash Flows
             Capital stock

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

Item 3.  Quantitative and Qualitative
         Disclosure about Market Risk

Part II. Other Information

Item 6.  Exhibits and Reports on Form 8-K

      SIGNATURE

                         PART I. FINANCIAL INFORMATION
<TABLE>
<CAPTION>

ITEM 1.  FINANCIAL STATEMENTS
----------------------------------------------------------------------------------------------
<S>                                                  <C>             <C>            <C>
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Condensed Statements of Loss and Deficit
(Unaudited)
                                                      Three Months   Three Months   Fiscal Year
                                                             ended          ended         ended
                                                     March 31,2001  March 31,2000  June 30,2000
----------------------------------------------------------------------------------------------
Revenues
 Sales                                                   $   1,732       $      -   $       -
 Rentals                                                         -              -           -
 Other                                                           -              -           -
                                                         ---------       --------    --------
                                                             1.732              -           -
                                                         ---------       --------    --------
Expenses
 Advertising and promotion                                       -            100           -
 Depreciation                                                    -              -         221
 Contributions                                               1,283              -           -
 DataNet Settlement Expense                                 25,000              -           -
 Lease payments and service                                      -          1,333         250
 Professional fees                                           1,679         46,255      42,702
 Rent                                                        2,400          2,667       2,400
 Repairs                                                         -              -       1,516
 Salaries and benefits                                           -         21,000       1,861
 Stationary and office                                       1,090          3,604       3,767
 Telephone                                                     704            728         146
 Travel                                                          -          5,075       4,300
 Investment Write Off                                      100,000              -           -
                                                         ---------       --------    --------
                                                           132,157         80,763      57,163
                                                         ---------       --------    --------
Net loss                                                 $(130,425)      $(80,763)   $(57,163)
                                                         =========       ========    ========
</TABLE>

                                       2
<PAGE>

<TABLE>
--------------------------------------------------------------------------------
<S>                           <C>                             <C>
Loss per share, basic
 and diluted (Note 1)          $      (0.04)                     $    (0.021)
                                 ============                      ===========
Weighted average shares,
 basic and diluted                2,732,985                        2,685,224
                                 ============                      ===========
--------------------------------------------------------------------------------

    See accompanying notes to the condensed financial statements.

--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Condensed Balance Sheet
(Unaudited)
                                                 March 31,      June 30,
                                                      2001          2000
-------------------------------------------------------------------------
Assets

Investments                                      $ 100,000    $1,509,928
Fixed assets, net of accumulated
  depreciation of $332 (June 30, 2000 - $221)            0         1,882
  September 30, 2000 - $111        $   1,990)
Deposits                                             1,900         2,030
Accounts Receivables                                     0
Cash and cash equivalents                              727        25,821
                                                 ---------    ----------

                                                 $ 102,627    $1,539,772
                                                 =========    ==========
-------------------------------------------------------------------------
Liabilities

Payables and accruals                            $  31,362    $   25,776

Convertible preferred shares                             0     1,309,928

Stockholders' Equity
Capital stock (Note 2)                              26,850        26,850
Paid-in capital                                    174,840       234,381
Deficit                                           (130,425)      (57,163)
                                                 ---------    ----------
                                                    71,265     1,539,772
                                                 ---------    ----------
                                                 $ 102,267    $1,539,772
                                                 =========    ==========
</TABLE>
--------------------------------------------------------------------------------

    See accompanying notes to the condensed financial statements.
<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Condensed Statement of Cash Flows
(Unaudited)
                                                     Three Months   Three Months   Fiscal Year
                                                            ended          ended         ended
                                                        March 31,      March 31,      June 30,
                                                             2001           2000          2000
-----------------------------------------------------------------------------------------------
<S>                                                  <C>            <C>            <C>
Cash flows from operating activities
  Net loss                                              $(130,425)      $(80,763)   $  (57,163)
  Adjustments to reconcile net loss
    from operations to net cash used
    in operating activities
  Depreciation                                                  -              -           221

  Increase (decrease) in:
    Deposits                                                    -              -        (1,861)
    Payables and accruals                                  (2,200)        (4,159)         2991
                                                        ---------   ------------    ----------
  Net cash used in operating                               (2,200)        (4,150)      (55,812)
  activities                                            ---------   ------------    ----------

Cash flows from investing activities
  Purchase of fixed assets                                  2,213           (293)       (1,571)
  Purchase of investments                                       -              -      (200,000)
                                                        ---------   ------------    ----------
Net cash used in financing                                  2,213           (293)     (201,571)
activities                                              ---------   ------------    ----------

Net decrease in cash
  and cash equivalents                                        (13)        (4,443)     (257,383)

Cash and cash equivalents

   Beginning of period                                      4,879             74       283,204
                                                        ---------   ------------    ----------
   End of period                                        $     727       $193,062    $   25,821
                                                        =========   ============    ==========
-----------------------------------------------------------------------------------------------
Supplemental schedule of non-cash
 financing and investing activities:

Issuance of new capital stock                           $   25000              -    $1,588,558
Cancellation of indebtedness                                    -              -     1,079,855
-----------------------------------------------------------------------------------------------
</TABLE>

    See accompanying notes to the condensed financial statements.

--------------------------------------------------------------------------------
<PAGE>

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------
Central Capital Venture Corporation
(formerly Digital Technologies Media Group, Inc.)
Notes to the Condensed  Financial  Statements
(Expressed in United States Dollars)
March 31, 2001
--------------------------------------------------------------------------------
<S>                                      <C>                    <C>
2.     Capital stock                       Three Months          Fiscal Year
                                                  ended                ended
                                              March 31,             June 30,
                                                   2001                 2000
                                                   ----                 ----
Authorized:

25,000,000 Common shares
1,000,000 Preferred shares

Issued:
     2,732,985 common shares              $      26,850         $     26,850
                                          =============         ============
--------------------------------------------------------------------------------
Central Capital Venture Corporation
--------------------------------------------------------------------------------
(formerly Digital Technologies Media Group, Inc.)
Notes to the Condensed Financial Statements
(Expressed in United States Dollars)
March 31, 2001
--------------------------------------------------------------------------------
</TABLE>
1.     General

SIGNIFICANT ACCOUNTING POLICIESINTERIM FINANCIAL STATEMENTS - The interim
financial statements have been prepared by the Company pursuant to the rules and
regulations of the Securities and Exchange Commission applicable to quarterly
reports on Form 10-Q. The unaudited financial statements reflect, in the opinion
of management, all adjustments which are of a normal recurring nature necessary
for a fair presentation of the information presented herein. Interim results are
not necessarily indicative of results to be expected for a full fiscal year.

VALUATION OF INVESTMENTS - Investments in Preferred Stock are carried at fair
value with the net change in unrealized appreciation or depreciation included in
the determination of net assets. Cost is used to approximate fair value of these
basis for valuing such investment at a number other than cost.

The fair value of investments for which no market exists and for which our
Evaluation Committee has determined that the original cost of the investment is
no longer an appropriate valuation will be determined on the basis of procedures
established in good faith by our Board of Directors. Valuations will be based
upon such factors as the financial and/or operating results of the most recent
fiscal period, the performance of the company relative to planned
budgets/forecasts, the issuer's financial condition and the markets in which it
does business, the prices of any recent transactions or offerings regarding such
securities or any proxy securities, any available analysis, media, or other
reports or information regarding the issuer, or the markets or industry in which
<PAGE>

it operates, the nature of any restrictions on disposition of the securities and
other analytical data. In the case of unsuccessful operations, the valuation may
be based upon anticipated liquidation proceeds.

Because of the inherent uncertainty of the valuation of portfolio securities,
which do not have readily ascertainable market values, the Company's estimate of
fair value may significantly differ from the fair market value that would have
been used had a ready market existed for the securities. Appraised values do not
reflect brokers' fees or other normal selling costs which might become payable
on disposition of such investments (See "Evaluating Committee" in Bylaw of
Central Capital Venture Corporation, 8-K May 8, 2000 by reference).

Investments in companies whose securities are publicly traded are valued at
their quoted market price, less a discount to reflect the estimated effects of
restrictions on the sale of such securities ("Valuation Discount"), if
applicable.

Short-term investments having maturities of 60 days or less are stated at
amortized cost, which approximates fair value. Other fixed income securities are
stated at fair value. Fair value of these securities is determined at the most
recent bid or yield equivalent from dealers that make markets in such
securities.

INVESTMENT TRANSACTIONS AND RELATED INVESTMENT INCOME - Investment transactions
are accounted for on the trade date (the date the order to buy or sell is
executed). The cost of securities sold is determined on a first-in, first-out
basis, unless otherwise specified. Dividend income on investment securities is
recorded on the ex-dividend date. Interest income, which includes accretion of
discount and amortization of premium, if applicable, is recorded on the accrual
basis.

CASH FLOWS - For the purpose of the Statement of Cash Flows, the Company
considers all money market and all highly liquid temporary cash investments
purchased with an original maturity of three months or less to be cash
equivalents.

RESTRICTED SECURITIES - Most, if not all securities, in which the Company
acquires as venture capital investments will be restricted securities within the
meaning of the Securities Act of 1933, as amended, and will not be permitted to
be resold without compliance of the Securities and Exchange Act. Thus, the
Company will not be permitted to resell portfolio securities unless a
registration statement has been declared effective, or unless the Company is
able to rely on an available exemption from such registration requirements. In
most cases, the Company will endeavor to obtain from its Investment Companies
registration rights pursuant to which the Company will be able to demand that an
Investment Company register the securities owned by the Company at the expense
of the Investment Company. Even if the Investment Companies bear this expense,
however, the registration of the securities owned by the Company is likely to be
a time consuming process, and the Company always bears the risk, because of
these delays, that it will be unable to resell such securities, or that it will
not be able to obtain an attractive price for the securities, Additionally, the
Company may never be able to distribute the securities of certain Investment
Companies to stockholders in certain states because the Investment Companies may
not qualify for registration in those states, pursuant to each individual state
blue sky laws.
<PAGE>

ACCOUNTING ESTIMATES - The preparation of financial statements in accordance
with generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities at the date of the financial statement. Actual results could differ
from those estimates.

The unaudited condensed financial statements have been prepared on the same
basis as the audited financial statements and, in the opinion of management,
reflect all adjustments (consisting of normal recurring adjustments) necessary
for a fair presentation for each of the periods presented. The results of
operations for interim periods are not necessarily indicative of results to be
achieved for full fiscal years.

As contemplated by the Securities and Exchange Commission (SEC) under Rule 10-01
of Regulation S-X, the accompanying financial statements and related footnotes
have been condensed and do not contain certain information that will be included
in the Company's annual financial statements and footnotes thereto. For further
information, refer to the financial statements and related footnotes for the
fiscal year ended June 30, 2000 included in the Company's Amended Annual Report
on Form 10-KASB.

Income taxes

Income taxes for the interim  periods were computed using the effective tax rate
estimated to be applicable for the full fiscal year, which is subject to ongoing
review and evaluation by management.

Loss per share

The Company reports loss per share in accordance with the provisions of SFAS No.
128, Earnings Per Share. SFAS No. 128 requires presentation of basic and diluted
earnings per share in conjunction with the disclosure of the methodology used in
computing such earnings per share. Basic loss per share excludes dilution and is
computed by dividing income  available to common shares by the weighted  average
common shares outstanding  during the period.  Diluted loss per share takes into
account the potential dilution that could occur if securities or other contracts
to issue common stock were exercised and converted into common stock.

2. PORTFOLIO INVESTMENTS

Prior to the period ended March 31, 2001 the Company invested $1,509,928
utilizing the cost method in two companies and made no follow-on investments,
however the Company wrote off in its entirety it's investment in DataNet
Information Systems, Inc. on February 5, 2001. Accordingly the Company expensed
it cash investment of $100,000 (0ne hundred thousand dollars, and wrote off both
the DataNet Information Systems, Inc. Asset and the Preferred A Stock linked
Liability, additionally according to the rescission agreement (attached herein
by reference) the Company was obligated to issue twenty five thousand shares of
its Common Stock to Tow Shareholders of DataNet Information Systems, Inc. which
the Company also expensed as a Settlement Charge. The individual equity and
equity-linked security holdings of the Company at December 31, 2000 were
comprised of the following investments:

1. DataNet Information Systems, Inc.; 1,000,000 Common Shares valued at
$1,409,928.00 (based on book value at January 19, 2000 plus cash contributions)
See Exhibit Item 5 attached as too the settlement agreement with DataNet
Information Systems, Inc. Investment and the related write off of the
investment. Prior to October 18, 2000 the Registrant and Bernie Budney, a
Director and a Director of DataNet Information Systems, Inc. ("DataNet"),
<PAGE>

engaged in a disagreement over several matters relating to the Registrant's
wholly owned Investee Company DataNet. On October 13, 2000 Mr. Budney resigned
from his position as Director and Executive Vice President of the Registrant.

A hand written stipulation had been signed by both Mr. Bernie Budney and Mr.
Leonard Ludwig on January 5, 2001,although the stipulation never lead to an
executed General Release with the same language as set forth in the Stipulation.
Since October DataNet had not paid it's management fee nor has made the
Registrant aware of its financial condition. On February 5, 2001 the Registrant
and DataNet Information Systems, Inc. entered into a rescission agreement, which
called for the Registrant to surrender 25,000 restricted common shares to Mr.
Budney and Mr. Leonard Ludwig the Chief Executive Officer of First Portland
Corporation, in addition to liquidating its entire investment, In DataNet
Information Systems, Inc. to Mrss. Ludwig and Budney See EXHIBIT 10 OTHER
EVENTS.

2.  Digi  Commerce  Corporation  4,000,000 Common Shares, valued at $100,000
     (based on cash contribution)

The Registrants Investee Company Digi Commerce Corporation, which had opened its
first I Cafe in Telluride Colorado on February 13 2001, thus discontinued said
operations on March 15, 2001 due to lack of operating funds. Since the
Registrant has been unsuccessful in raising any additional investment funds for
either its Investee Companies, three shareholders of the Registrant invested
capital consisting of personal guarantees and cash contributions so as to open
the I Cafe. To date only one law suit has been filed against a guarantor of an
operation lease for Digi Commerce. On March 16, 2001 Ely Mandell, President of
Digi Commerce Corporation, decided to resign from the Investee Company in lieu
of the proceeding facts. The Registrants management believes however, that Digi
Commerce has other significant assets that might be able to be exploited with
additional funding opportunities.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
  This report contains certain statements of a forward-looking nature relating
to future events or the future financial performance of the Company and its
investment portfolio companies. Words such as "may," "will," "expect,"
"believe," "anticipate," "intend," "could," "estimate," "might," or "continue"
or the negative or other variations thereof or comparable terminology are
intended to identify forward-looking statements. Forward-looking statements are
included in this report pursuant to the "Safe Harbor" provision of the Private
Securities Litigation Reform Act of 1995. Such statements are only predictions
and the actual events or results may differ materially from the results
discussed in the forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to, those relating
to investment capital demand, pricing, market acceptance, the effect of economic
conditions, litigation and the effect of regulatory proceedings, competitive
forces, the results of financing and investing efforts, the ability to complete
transactions and other risks identified below or in the Company's filings with
the Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof. The Company
undertakes no obligation to publicly revise these forward-looking statements to
reflect events or circumstances occurring after the date hereof or to reflect
the occurrence of unanticipated events. The following analysis of the financial
condition and results of operation of the Company should be read in conjunction
with the Financial Statements, the Notes thereto and the other financial
information included elsewhere in this report.

GENERAL INVESTMENT CLIMATE
The overall investment climate was generally volatile in the second quarter.
<PAGE>

Because of the continued volatility in the public markets, a number of
attractive companies chose to seek further rounds of venture capital Companying
rather than risk an initial public offering (IPO). Furthermore, given the
correction in publicly traded technology stock prices, the valuations of many
companies seeking additional financing were reasonable compared to March highs.

Uncertainty continues to affect publicly traded technology stocks, but we
believe that this uncertainty does not warrant the amount of negative press that
this sector has received from time to time. In our view, many companies that
received Companying in 1999 did not have solid business models or survivability
strategies, and in many cases were brought to market prematurely. We believe
that this trend has now run its course. We do not believe, however, that the
pace of growth in new technologies and markets is decelerating. To the contrary,
we believe that it is accelerating and that new markets are being created,
leading to exciting investment opportunities. Looking forward, we also
anticipate an improvement in the IPO market. In our opinion, issues are now
being priced more attractively to encourage investors to revisit technology.

RESULTS OF OPERATIONS

The Company began operations upon the emergence from a Chapter 11 Proceeding on
May 8, 2000. Its principal investment objective is the realization of long-term
capital appreciation from investing primarily in equity and equity-linked debt
securities of private companies. Pending the completion of equity and equity-
linked debt security investments that meet the Company's investment objective,
available Company's are invested in short-term securities Bank guaranteed Money
Market accounts. Due to the Company's limited operating history, the Company's
financial performance at March 31, 2001 is primarily composed of interest on
temporary investments, and minimal management fee accrual.

LIQUIDITY AND CAPITAL RESOURCES

At March 31, 2001, the Company had $100,000 of its net assets invested in
portfolio securities of one Investee company. Current balance sheet resources
are not believed to be sufficient to finance future commitments.

Net cash provided by operating activities was $1,732 for the three months ended
March 31, 2001.

Net investment income and net realized gains from the sales of portfolio
investments are intended to be distributed at least annually. Management
believes that its cash reserves and the ability to sell its investments in
publicly traded securities are not adequate at this time to provide payment for
any expenses and contingencies of the Company.

The Company Management reserves the right to retain net long-term capital gains
in excess of net short-term capital losses for reinvestment or to pay
contingencies and expenses. Such retained amounts, if any, will be taxable to
the Company as long-term capital gains and shareholders will be able to claim
their proportionate share of the federal income taxes paid by the Company on
such gains as a credit against their own federal income tax liabilities.
Shareholders will also be entitled to increase the adjusted tax basis of their
Company shares by the difference between their undistributed capital gains and
their tax credit.

INVESTMENT INCOME AND EXPENSES

Net Loss after all expenses amounted to $(130,425) for the three months ended
<PAGE>

March 31, 2001 and $(57,163) for the fiscal year ended June 30 2000. The most
significant portion of the lost was caused from the write off of the $100,000
previous investment in DataNet Information Systems, Inc. and a corresponding
issuance of twenty five thousand share of restricted common stock of the Company
to DataNet Shareholders in which the Com[any took a one time charge of $25,000

REALIZED GAINS AND LOSSES ON SALES OF PORTFOLIO SECURITIES

The Company realized no net capital gains or losses from the sale of securities
during the three months ended March, 2001.

UNREALIZED APPRECIATION AND DEPRECIATION OF PORTFOLIO SECURITIES

The Company had no net unrealized appreciation for the three months ended March
31, 2001.

DIVIDENDS
No dividends were declared for the four months ended March 31, 2001.


PORTFOLIO INVESTMENTS
At March 31, 2001 the cost of equity and equity-linked security investments made
by the Company to date was $100,000 and their aggregate market value was reduced
$1,409,928. However, any such pending transaction could have an impact on the
further valuation of an investment, which may be adjusted prior to the
transaction being publicly announced or completed.

                               SUBSEQUENT EVENTS

The Registrant had previously entered into two separate letters of Intent to
acquire (1) CareDecision.Net, Inc. (2) PayMD, Inc., these letters of Intent were
never consummated due to various circumstances.

The Registrants wholly owned Investee Company Digi Commerce Corporation became
party to an Oregon Lawsuit entitled First Portland Corporation v Eli Mandell
(sic), Julie Mandell, and Digi Commerce Corporation. Digi Commerce Corporation
has not yet been served with the lawsuit which is specifically for a breach of a
Restaurant equipment lease. Ely Mandell, Past President of Digi Commerce
Corporation, has counter sued First Portland Corporation and Leonard Ludwig
President individually (CEO of First Portland Corporation) for Fraud, Securities
fraud, and numerous other claims and counter claims.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

The Company is subject to financial market risks, including changes in
marketable equity security prices. The Company does not use derivative financial
instruments to mitigate any of these risks. The return on the Company's
investments is generally not affected by foreign currency fluctuations.

Concentrations of market and credit risk exist with respect to debt and equity
investments in portfolio companies, which are subject to significant, risk usual
to companies in various stages of start-up. Generally, there is no ready market
for the Company's investments, as they are closely held, generally not publicly
traded or, in circumstances where an investment is publicly traded, the Company
may be subject to certain trading restrictions for a specified period of time.
<PAGE>

                          PART II. OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

              NONE

(a) Exhibits
                                 EXHIBIT INDEX


Exhibit 27   Financial Data Schedule

                  Only submitted to SEC in electronic format


Exhibit 10

                  Settlement Agreement by and Between Leonard Ludwig and Bernie
                  Budney, DataNet Information Systems, Inc. and Central Capital
                  Venture Corporation.

                  Opinion Letter of Glast, Phillips, Murray dated May 16, 2001

                  Consent of Glast, Phillips, Murray dated May 25, 2001


   SIGNATURES

    Pursuant to the  requirements  of Section 13 or 15(d) 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.


                                   Central Capital Venture Corporation
                                  -------------------------------------
                                                (Registrant)


Date: Dec 16, 2000   /s/ Rex E Crim
                     -----------------------
                     Rex E. Crim, President