U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                             -----------------------
                                   FORM 10-KSB

(Mark  one)
[X]  Annual  report  under section 13 or 15(d) of the Securities Exchange Act of
1934  For  the  fiscal  year  ended  September  30,  2003

OR

[   ]  Transition  report  under  section 13 or 15(d) of the Securities Exchange
Act  of  1934  For  the  transition  Period  from  ___________  to  ___________

                         Commission file number: 0-28475
                        KOALA INTERNATIONAL WIRELESS INC.
                 (Name of small business issuer in its charter)


           Nevada                                          76-0616468
           ------                                          ----------
 (State  or  other  jurisdiction                       (I.R.S.  Employer
of  incorporation  or  organization)                  Identification  No.)


  2929  E.  Commercial  Blvd.  Suite  610
  Fort  Lauderdale,  FL                                    33308
  ---------------------                                    -----
 (Address  of  principal  executive  offices)            (Zip  Code)

Registrant's  telephone  number:  (954)771-5500
                                  -------------


Securities  registered  under  Section  12(b)  of  the  Act:  None.

Securities  registered under Section 12(g) of the Act:   Common Stock, par value
$0.001  per  share  (Title  of  class)

Check  whether  the Issuer (1) filed all reports required to be filed by Section
13  or  15(d)  of  the Securities Exchange Act during the past 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 [ ]  No  [X]  Yes  [X]  No  [  ]

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  contained in this form, and no disclosure will be contained, to
the  best  of  registrant's  knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in  Part III of this Form 10-KSB or any
amendment  to  this  Form  10-KSB.  [X]

Registrant's  revenues  for  its  most  recent  fiscal  year:   $nil

As  of December 31, 2003, the aggregate market value of the voting common equity
held  by  non-affiliates of the registrant was approximately $4,316,481 based on
the  closing trade reported on the NASD Over-the-Counter Bulletin Board National
Quotation  System.  Shares of common stock held by each officer and director and
by  each  person  who  owns five percent or more of the outstanding common stock
have been excluded from this calculation as such persons may be considered to be
affiliated  with  the  Company.

On  December  31,  2003,  the  registrant  had  100,219,486  shares  of  Common
Stock,  $0.001  par  value  per  share,  issued  and  outstanding.

Documents  incorporated  by  reference:  None

<PAGE>


KOALA  INTERNATIONAL  WIRELESS  INC.
Index  to  Annual  Report  on  Form 10-KSB For the Year Ended September 30, 2003

Part  I
-------
Page
----

Item  1     Description  of  Business                                       3
Item  2     Description  of  Property                                       5
Item  3     Legal  Proceedings                                              5
Item  4     Submission  of  Matters  to  a  Vote  of  Security  Holders     5

Part  II
--------

Item  5     Market  for  Common  Equity  and  Related  Stockholder Matters  5
Item  6     Management's  Discussion  and  Analysis  of  Financial
                Condition  or  Plan  of  Operation                          6
Item  7     Financial  Statements                                           9
Item  8     Changes  In  and  Disagreements  With  Accountants  on
                Accounting  and  Financial  Disclosure                     20

Part  III
---------

Item  9     Directors,  Executive  Officers,  Promoters  and  Control
                Persons; Compliance With Section 16(a) of the Exchange Act 20
Item  10    Executive  Compensation                                        21
Item  11    Security  Ownership  of  Certain  Beneficial  Owners
                 and  Management                                           22
Item  12    Certain  Relationships  and  Related  Transactions             22
Item  13    Exhibits  and  Reports  on  Form  8-K                          22
Item  14    Control  Procedures                                            23

Signatures                                                                 24

Certifications                                                             25


<PAGE>
PART  I

ITEM  1.  DESCRIPTION  OF  BUSINESS


CORPORATE  BACKGROUND

     Koala  International  Wireless  Inc.  (the  "Company")  is  a developmental
stage  company  that  was  incorporated  in  Nevada  on August  18,  1999.  From
inception  through  September  30,  2003,  the  Company's  activities  have been
organizational,  directed  at  raising  its  initial capital and developing  its
business  plan.

     In  June  2001, the Company began to investigate other businesses, at which
time  the  opportunity  to  acquire  Urbanesq.com,  Inc. ("Urbanesq"), a private
Ontario  corporation which owned the rights to a handheld communications device,
arose.  The  Company  acquired  all of the outstanding shares of common stock of
Urbanesq  from  the  stockholders  of  Urbanesq  in exchange for an aggregate of
6,500,000  shares  of  its  common  stock.  Immediately  following the exchange,
certain stockholders of the Company surrendered an aggregate of 7,500,000 shares
of common stock to the Company, which were immediately cancelled by the Company.

     In  August  2002,  the  Company  explored  the possibility of developing an
end-to-end communication device and service. The Company was going to accomplish
this  goal through the purchase of three companies: No-Wire Telecom Inc., IP Co.
Ltd.  and  Route1  Corporation.  None  of  these  acquisitions proceeded and the
purchase  of  each  company  was abandoned. Ultimately, however, the Company did
acquire  specific  product development and design directly from No-Wire and four
individuals  in  exchange  for  the  issuance  of  2,804,556  common  shares.


PLANNED  FUTURE  OPERATIONS

     The  Company's  intended business following its acquisition of Urbanesq was
to produce and market a product called the Hipster and the subscription services
associated with that product. The Company has ceased to pursue this business and
instead  now  intends  to  launch  a  Windows  based  communication  device  and
associated services. The new device is being designed to access information from
the  Internet,  provide email service and other communication functionality such
as  text  messaging.  The  plan  is  to  deliver  multiple  services,  some on a
subscription basis, in a manner similar to the way a consumer currently pays for
a  cellular  telephone.  The  first  market  for the device and services will be
Europe  followed  by  other  GSM/GPRS markets. The base product and the handheld
communicator,  the  KEEWEE,  a  Personal  Digital  Assistant  (PDA),  have  been
redefined. A contract to develop the newly defined device should be finalized by
the  second  quarter  of 2004. The contract will include building the prototype,
certification  of  the  prototype  and  development  of the manufacturing of the
prototype.

Marketing  and  Distribution

     The  KEEWEE device and network services will be marketed to GSM/ GPRS based
wireless  operators for resale to end users as is the case for products like the
Handsring  Treo  and  RIM  Blackberry.

<PAGE>

Competition

     The device will compete in the mass communication market alongside Personal
Digital  Assistants  and  cellular telephones. Many of the Company's competitors
have  successful sales, established employees, research and development budgets,
market  acceptance and penetration and a strong overall financial condition. The
Company  believes  that  the  concept  and  design  of  its  device will surpass
competitors' designs. The Company is smaller in size and resources when compared
to  its  competitors.

Regulatory  Environment

     The  manufacture and use of the KEEWEE device will be subject to regulation
by  one or more federal agencies, including the Federal Trade Commission and the
Canadian Radio and Television Commission. These activities also may be regulated
by  various  agencies  of  the states, localities and foreign countries in which
consumers  reside.

Intellectual  Property  Protection

     The Company primarily uses confidential  policies in developing its product
which  are  internally  implemented  by  the  Company  to  protect the  specific
design.  The  Company  is  exploring  placing patents on the device and software
developed  for  its  operation.

Business

     With the exception of the following, the Company has abandoned its previous
intended  acquisitions and business strategies. In the Company's judgment, these
former  projects  did  not  fit  in with the Company's new direction or were not
commercially  feasible.

     The  Company  has  acquired  specific  assets  and technologies from NoWire
Telecom,  Inc.,  a wireless messaging company, incorporated in Cairo, Egypt. The
assets  acquired  include  virtual  carrier  agreements  with  more  than  125
international telephone and data carriers to enable the delivery of premium data
and Short Messaging content and services to their customers, for the issuance of
common  shares.  Initially,  the  Company intended to acquire NoWire, but it was
mutually  agreed  to  abandon  that  form of acquisition in favor of the Company
buying  only  certain  assets  of  NoWire.

     We  are developing an International Mobile Virtual Network Operator (IMVNO)
platform  to allow the delivery of voice, data and Short Messaging over multiple
networks. Concurrent with the IMVNO development, We are pursuing the development
of  applicable devices to serve the network subscribers. The IMVNO strategy will
enable  subscribers to access the Internet, play and store MP3, utilize existing
applications  including calendaring, contact management systems, email and Short
Messaging  and  additional  functionality,  some  not currently available in the
marketplace.

Intellectual  Property

     The  nature  of  patent  and  trademark  registration  is  very complex and
requires legal expertise.  To date, no applications have been prepared to patent
any  of  the  Company's  assets  or  concepts.

<PAGE>

Employees

     The  Company  is in the developmental stage and currently has no employees.
The  Company  looks  to  its  directors  and  officers  for  their  combined
entrepreneurial  skills  and  talents, and to outside subcontracted consultants.
Management  plans  to use consultants, attorneys and accountants as necessary. A
portion  of  any employee compensation package likely would include the right to
acquire  stock  in  the  Company,  which  would dilute the ownership interest of
holders  of  existing  shares  of  the  Company's  common  stock.

ITEM  2.  DESCRIPTION  OF  PROPERTY

     The  Company  has  relocated  its principal executive offices from Ontario,
Canada,  M5H  4B2  to  2929  E.  Commercial  Blvd. Suite 610 Fort Lauderdale, FL
33308  where  it currently  leases premises space on a 1 year lease for $1334.67
per month.   The Company is in the process of  establishing a development office
in  Southern California and a Governmental Affair's office in Northern Virginia.

ITEM  3.  LEGAL  PROCEEDINGS

     To  the  knowledge  of  the  Company's  executive management and directors,
neither  the  Company  nor its subsidiaries are party to any legal proceeding or
litigation  and  none  of  its  property  is  the  subject  of  a  pending legal
proceeding  and  the  executive  officers  and  directors  know  of  no  other
threatened  or  contemplated  legal  proceedings  or  litigation.

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

     No  matters  were  submitted  to  the  stockholders  during  the year ended
September  30,  2003.

PART  II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

     The  Company's  common  stock  was  approved  for  trading  on  the
Over-the-Counter  Bulletin  Board  (OTC-BB)  under the symbol KTLR on August 24,
2001.  In  connection  with  the  change  of  the  Company's  name  to  Koala
International  Wireless  Inc.,  the Company's  trading  symbol  was  changed  to
KIWI  on  December  10,  2001.  The  Company  changed  its name again in January
2004  to  KIWI Networks Solutions, Inc. The Company's current trading symbol is:
KWNS.
     The  table set forth below reflects the reported high and low bid prices of
the  Common  Stock  for  each  quarter for the period indicated. Such prices are
interdealer  prices without retail markups, markdowns or commissions and may not
represent  actual  transactions.

QUARTER  ENDED                           HIGH                LOW

December  31,  2001                     $3.10               $3.10
March  31,  2002                        $3.95               $3.95
June  30,  2002                          $.99                $.72
September  30,  2002                     $.21                $.20

<PAGE>

December  31,  2002                      $.11                $.11
March  31,  2003                         $.38                $.32
June  30,  2003                          $.135               $.135
September  30,  2003                     $.16                $.13

     The  Board  of Directors and persons owning the majority of the outstanding
voting  Common  Stock of Koala have unanimously adopted and approved resolutions
to effect the change to the Articles of Incorporation and Bylaws of the Company.
On  December  31,  2003,  the  Company's  issued  and  outstanding  common stock
totalled  100,219,486  shares,  held by approximately 317 stockholders of record
and  by  an undetermined  number  of  additional stockholders through nominee or
street  name  accounts  with  brokers.

     The  Company  has  not  paid  dividends  in  prior  years  and has no plans
to  pay  dividends  in  the  near  future.  The  Company intends to reinvest its
earnings,  if any  are  achieved,  in the continued development and operation of
its  business.  Any  payment  of  dividends  would  depend  upon  the  Company's
pattern  of  growth,  profitability,  financial  condition,  and  such  other
factors  as  the  Board  of  Directors  may  deem  relevant.

RECENT  SALES  OF  UNREGISTERED  SECURITIES

     On  October  18,  2001, the Company issued 6,500,000 shares of common stock
to  the  stockholders  of  Urbanesq pursuant to a voluntary share exchange.  The
issuance  was  conducted  pursuant  to  an  exemption  from registration, namely
Rule 506 of Regulation  D  and/or Regulation S under the Securities Act of 1933,
as  amended.

     The  Company  prepared  and  distributed  an  offering  memorandum  to  the
Urbanesq  stockholders  before  they  signed  the  voluntary  share  exchange
agreement  and  subscribed  for  the  stock.  The  6,500,000  shares  of  the
Company's  common  stock  held  by  the  stockholders of Urbanesq are restricted
securities  subject  to  Rule  144  of  the  Act.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS

     Certain  statements  in this report and elsewhere (such as in other filings
by  the  Company  with  the  Securities  and  Exchange Commission ("SEC"), press
releases,  presentations  by  the Company of its management and oral statements)
may  constitute  "forward-looking  statements" within the meaning of the Private
Securities  Litigation  Reform  Act  of  1995.  Words  such  as  "expects,"
"anticipates,"  "intends,"  "plans,"  "believes,"  "seeks,"  "estimates,"  and
"should," and variations of these words and similar expressions, are intended to
identify  these forward-looking statements. Actual results may materially differ
from  any forward-looking statements.  Factors that might cause or contribute to
such  differences  include,  among  others, competitive pressures and constantly
changing  technology  and  market  acceptance  of  the  Company's  products  and
services.  The  Company  undertakes no obligation to publicly release the result
of  any  revisions  to  these  forward-looking  statements, which may be made to
reflect  events  or  circumstances  after  the  date  hereof  or  to reflect the
occurrence  of  unanticipated  events.

     The  following  discussion  should  be  read  in  conjunction  with  the
consolidated  financial statements included herein. Certain statements contained
herein  may  constitute  forward-looking statements, as discussed above. Because

<PAGE>

such  statements  include  risks  and  uncertainties,  actual results may differ
materially  from  those expressed or implied by such forward-looking statements.
Factors  that  could  cause  or  contribute  to  such  differences include those
discussed  in  the  "Outlook:  Issues  and  Uncertainties"  section of this Form
10-KSB.

PLAN  OF  OPERATIONS

     The  Company's  business  is  still  in its development stage.  The Company
has not generated  any  revenue  to date.  The Company plans to generate revenue
through  the  production  and  marketing  of  its  communication  device  and
services.  No  revenues  have  been  received during the fiscal year.  Attempts,
although  promising  to date, to raise capital to permit the company to finalize
its  hardware  product  have  not  been  successful.

     During  the  period  from  August  25, 2000 (date of inception of Urbanesq)
through  September  30,  2003,  the Company engaged in no significant operations
other  than  organizational activities and research and development. The Company
received  no  revenues  during  this  period.

     For  the  2003  fiscal  year,  the Company incurred a loss in the amount of
$3,212,184,  compared to a loss of $3,137,115 in the previous year. The expenses
are  incurred  due  to efforts to   increase the Company's business presence and
efforts  to  develop  its business plan. Operation costs over the next year will
depend  on  a  number  of  factors,  including  the  cost  of  producing the new
communications device, the cost of conducting marketing research and preparing a
marketing  campaign.

Recent  Developments  and  Discussions

     The  Company's  business  plan  is  to  continue  development of the keewee
communications  device,  for  which  the  Company  intends  to  subcontract  the
production.  The  base  product  and  the  handheld communicator (PDA) have been
redefined.  The  Company  intends to contract out the building of the prototype,
certification  of  the  prototype  and  development  of the manufacturing of the
prototype.  Until  sufficient funding is secured, no commitments will be made to
start  development  on  the  newly  defined  handheld communicator.  No purchase
orders  can  be  finalized  until the development schedule and the manufacturing
schedule  have  been  put  into  place following receipt of capital to start the
process.  The  Company  signed a Letter of Intent to acquire a software company,
Digiplates  Software  Inc.  of  Hollywood,  California.  This  acquisition, when
completed  during the first quarter of calendar 2004, will permit the company to
offer  applications  that  can  be  then  licensed  to other Information Service
Providers  (ISP)  and  Application Service Providers (ASP) to generate revenues.
Among  the  applications  to be licensed is their Project Management Suite which
enables  small  to  large  enterprises to set up and deploy an instant intranet.
Along  with  this  acquisition, the acquisition of IPBand should be finalized in
fiscal year 2004 which will provide server and infrastructure capability for the
company. Coinciding with these efforts, the acquisition of Dylan Morris Software
Inc.  should  be  completed  during  the  first  quarter of calendar 2004.  This
software  will  provide  secure transmission 2-way in any form on a peer to peer
basis.

     The  Company  has  signed  a  Memorandum  of  Understanding  with Digi Link
Technologies,  Inc.  (OTC  symbol:  DGLT)  to  form  a  cooperative  business
development  and management alliance ("Agreement"). Final terms of the Agreement

<PAGE>

are  subject to the satisfactory outcome of due diligence conducted by both DGLT
and  KIWI  of  each other's material representations as well as approval by each
Company's  respective  Board  of  Directors.

     The  Company  did  not  complete  its  Share Exchange Agreement with NoWire
Telecom  Inc.,  and instead, purchased certain technology, based on research and
development,  from  NoWire  Telecom for the issuance of 2,212,646 common shares.

     The Company is in the process of negotiating a private placement to provide
funds  for  the  completion  of  the  development  of  the  KEEWEE  device.

Liquidity  and  Capital  Resources

     The  Company  has  been  able  to  pay  its  expenses and costs through the
increase  in its  accounts payable, payments  made  by  others  for  the Company
and  by the settlement of the payable amounts with shares of common stock of the
Company.  As  of  September  30,  2003,  the  Company  had  a  working  capital
deficiency  of  $82,563 compared to a working capital  deficiency of $841,583 at
September  30,  2002. The Company needs to raise additional  funds  through  the
sale  of  stock  or borrowing just to maintain the corporate  existence  of  the
Company.  The  Company  may  not be successful  in  its  efforts to raise equity
financing  and  /or attain profitable operations.  As  of  September  30,  2003,
the  Company had a total  stockholders' deficit  of  $63,406,  with  accumulated
deficit  during  the  development stage of $6,451,830.  There is doubt regarding
the  Company's  ability  to  continue  as  a  going  concern.

     No  material  commitments  for  capital  expenditures  were made during the
years  ended  September  30,  2003  or  2002.

     The  Company  estimates  the  cost  of  producing  and marketing the KEEWEE
product  at  $500,000.    The Company is in the process of negotiating financing
for  completion  of  product  development  and the first manufacturing run.  The
availability  of  future  financings  will  depend  on  market  conditions.  A
portion of the funds may be used to grow the business  through  acquisitions  of
other  businesses.

     The  forecast  of  the period of time through which the Company's financial
resources  will be adequate to support operations is a forward-looking statement
that  involves  risks  and  uncertainties.  The  actual funding requirements may
differ  materially  from this as a result of a number of factors including plans
to  rapidly  expand its new operations. There can be no guarantee that financing
adequate  to  carry  out  the Company's business plan will be available on terms
acceptable  to  the  Company,  or  at  all.

EFFECT  OF  FLUCTUATIONS  IN  FOREIGN  EXCHANGE  RATES

     The  Company's  reporting  and  functional  currency  is  the  US  dollar.
Currently,  most  of  the  Company's  operations  are  located  in  Canada.
Transactions in Canadian dollars  have  been  translated into U.S. dollars using
the current rate method, such  that  assets  and  liabilities  are translated at
the  rates  of  exchange  in  effect  at  the balance sheet date and revenue and
expenses  are translated at the average rates of exchange during the appropriate
fiscal  period. As a result, the carrying  value of the Company's investments in
Canada is subject to the risk of foreign  currency  fluctuations.  Additionally,
any  revenues received from the Company's international operations in other than
US  dollars  will  be  subject  to  foreign  exchange  risk.

<PAGE>

RECENT  ACCOUNTING  PRONOUNCEMENTS

     In  December  2002,  FASB  issued  SFAS  148,  "Accounting  for Stock-based
Compensation  -  Transition  and Disclosure, an amendment to SFAS 123". SFAS 148
provides  two  additional  transition  methods  for  entities  that  adopt  the
preferable  method  of  accounting  for  stock-based  compensation. Further, the
statement  requires  disclosure  of  comparable  information  for  all companies
regardless  of whether, when, or how an entity adopts the preferable, fair value
method  of accounting. These disclosures are now required for interim periods in
additional  to  the  traditional  annual  disclosure. The amendment to SFAS 123,
which  provides  for additional methods, are effective for the periods beginning
after  December  15,  2002,  although  earlier  application  is  permitted.  The
amendments  to  the  disclosure  requirements are required for financial reports
containing  condensed  financial  statements for interim periods beginning after
December  15,  2002. The Company adopted these requirements effective October 1,
2002.


ITEM  7.  FINANCIAL  STATEMENTS

Report  of  Independent  Chartered  Accountants                               11

Consolidated  Balance  Sheets  as  at  September  30,  2003  and
September  30, 2002                                                           12

Consolidated  Statements  of  Operations  for  the  years  ended
September  30, 2003, and  September  30,  2002,  and  for  the  period
from  August  25,  2000 (Date  of  Inception)  to  September  30,  2003       13

Consolidated  Statements  of  Stockholders'  Equity  for  the  period  from
August  25,  2000 (Date  of  Inception)  to  September  30,  2003             14

Consolidated Statements  of  Cash  Flows  for  the  years  ended
September  30, 2003, and  September  30,  2002,  and  for  the  period
from  August  25,  2000 (Date  of  Inception)  to  September  30,  2003       16

Notes  to  Consolidated  Financial  Statements                                17


<PAGE>

1REPORT  OF  INDEPENDENT  CHARTERED  ACCOUNTANTS

TO  THE  SHAREHOLDERS  AND  DIRECTORS
OF  KOALA  INTERNATIONAL  WIRELESS  INC.
(A  Development  Stage  Company)

We  have audited the consolidated balance sheets of Koala International Wireless
Inc.  (a  development  stage  company) as at September 30, 2003 and 2002 and the
statements  of operations, changes in stockholders' equity (deficiency) and cash
flows  for the years ended September 30, 2003 and 2002 and the cumulative totals
for  the  development  stage operations from August 25, 2000 (inception) through
September  30,  2003.  These  financial statements are the responsibility of the
Company's  management.  Our  responsibility  is  to  express an opinion on these
financial  statements  based  on  our  audits.

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

In  our  opinion, these consolidated financial statements present fairly, in all
material  respects,  the  financial  position of the Company as at September 30,
2003  and  2002 and the results of its operations and its cash flows for the two
years  ended  September  30,  2003  and  2002  and the cumulative totals for the
development  stage operations from August 25, 2000 (inception) through September
30,  2003  in  conformity  with  accounting principles generally accepted in the
United  States  of  America.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in note 3 to the
financial  statements,  the  Company  has  no revenues and limited capital which
together  raise  substantial  doubt  about  its  ability  to continue as a going
concern.  These  financial  statements do not include any adjustments that might
result  from  the  outcome  of  this  uncertainty.



"Pannell  Kerr  Forster"

Chartered  Accountants

Vancouver,  Canada
January  16,  2004
<PAGE>
<TABLE>
<CAPTION>



KOALA INTERNATIONAL WIRELESS INC.
(A Development Stage Company)
Consolidated Balance Sheets
September 30
(U.S. Dollars)

<S>                                                                <C>           <C>

                                                                          2003          2002
                                                                   ------------  ------------
Assets


Current
  Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $        60   $         0
-----------------------------------------------------------------  ------------  ------------




Total Current Assets. . . . . . . . . . . . . . . . . . . . . . .           60             0
Property and Equipment, net of accumulated  amortization
  $20,351 (2002 - $15,556). . . . . . . . . . . . . . . . . . . .       19,157        23,952
-----------------------------------------------------------------  ------------  ------------


                                                                   $    19,217   $    23,952
-----------------------------------------------------------------  ------------  ------------


Liabilities


Current
  Accounts payable and accrued liabilities. . . . . . . . . . . .       82,623       841,583

Commitments (note 7)

Stockholders' Equity
Capital Stock (Notes 5 and 10)
Preferred Stock, $0.001 Par Value, 20,000,000 Shares authorized,
 No Preferred shares Issued and Outstanding
Common Stock,$0.001 Par Value, 100,000,000 Shares authorized,
   51,419,486 shares Issued and Outstanding . . . . . . . . . . .       51,419        13,696
                      (2002 - 13,696,000)
Additional paid in capital. . . . . . . . . . . . . . . . . . . .    6,339,254     2,403,306
Subscription receivable . . . . . . . . . . . . . . . . . . . . .       (7,100)            0

Other Comprehensive Income. . . . . . . . . . . . . . . . . . . .        4,851         5,013
Deficit Accumulated During Development Stage of Operations. . . .   (6,451,830)   (3,239,646)
-----------------------------------------------------------------  ------------  ------------


Total Stockholders' Deficiency. . . . . . . . . . . . . . . . . .      (63,406)     (817,631)
-----------------------------------------------------------------  ------------  ------------


Total Liabilities and Stockholders' Equity. . . . . . . . . . . .  $    19,217   $    23,952
-----------------------------------------------------------------  ------------  ------------
</TABLE>
See  notes  to  consolidated  financial  statements.2






<PAGE>
<TABLE>
<CAPTION>



KOALA INTERNATIONAL WIRELESS INC.
(A Development Stage Company)
Consolidated Statements of Operations
Years Ended September 30, 2003, September 30, 2002 and for the Period from August 25, 2000 (Inception) to September 30, 2003
(U.S. Dollars)

<S>                                                                 <C>            <C>              <C>

                                                                                                From
                                                                                               Date of
                                                                                              Inception
                                                                                                  To
                                                                  Year Ended September 30,    September 30,
                                                                   2003             2002          2003
-----------------------------------------------------------------------------------------------------------

Expenses
  Consulting. . . . . . . . . . . . . . . . . . .           $     1,583,000   $    2,399,550   $ 3,982,550
  Stock based Compensation. . . . . . . . . . . . . . . . . . . .   214,660                0       214,660
  Professional fees . . . . . . . . . . . . . . . . . . . . . . .    49,669          142,787       215,825
  Directors compensation. . .  . . . . . . . . .                    950,000                0       950,000
  Marketing . . . . . . . . .  . . . . . . . . .                          0          138,800       193,410
  Product development . . .  . . . . . . . . . .                    280,456          129,040       400,496
  Salaries. . . . . . . . . . . . . . . . .  . .                          0           93,300       145,719
  Financing and due diligence . . .  . . . . . .                          0           73,450        73,450
  Rent, office and administration . . . . . .. .                    129,604           51,185       188,214
  Write-off merger goodwill . . . . . . . . .. .                          0           38,013        38,013
  Travel. . . . . . . . . . . . . . . . . . .. .                          0           33,000        50,564
  Investor relations. . .. . . . . . . . . . . .                          0           27,112        27,112
  Website . . .  . . . . . . . . . . . . . . . .                          0            3,100        74,499
  Depreciation. . .  . . . . . . . . . . . . . .                      4,795            7,778        20,351
-----------------------------------------------------------------------------------------------------------
Net Loss. . . . . .  . . . . . . . . . . . . . . . .      .  $   (3,212,184)  $   (3,137,115)  $(6,574,863)
Comprehensive Items . . . . . . . . . . . . . . . . . .                (162)          (3,436)        4,851
-----------------------------------------------------------------------------------------------------------
Comprehensive Income (Loss) . . . . . . . . . . . . . . . .  $   (3,212,346)  $   (3,140,551)  $(6,570,012)
-----------------------------------------------------------------------------------------------------------
Net Loss Per Share. . . . . . . . . . . . . . . . . . . . .  $        (0.20)  $        (0.25)
-----------------------------------------------------------------------------------------------------------
Weighted Average Number of
  Shares Outstanding. . . . . . . . . . .  . . .                 16,449,100       12,578,200
-----------------------------------------------------------------------------------------------------------

</TABLE>






<PAGE>
<TABLE>
<CAPTION>



KOALA INTERNATIONAL WIRELESS INC.
(A Development Stage Company)
Consolidated Statements of Changes in Stockholders' Equity (Deficiency)
Years Ended September 30, 2003, and September 30, 2002 and for the Period from August 25, 2000 (Inception) to September 30, 2003
(U.S. Dollars)

<S>                                      <C>              <C>           <C>              <C>              <C>            <C>

                                                    Common Stock                                                   Total
                                               & Paid In Capital                                                   Stockholders'
                                       Number       in excess of   Subscriptions   Comprehensive    Accumulated    Equity
                                    of Shares  $ 0.001 par Value    Receivable        Income           Deficit    (Deficiency)
---------------------------------------------------------------------------------------------------------------

August 25, 2000 inception . .         540,000    $       27,189    $          0     $         0      $       0      $    27,189
Issuance of original common stock
  For services and concept development.     0                 0          40,192               0              0           40,192
Foreign currency translation loss           0                 0               0            (194)             0             (194)
Net loss for the initial
  thirty-six day period. .                  0                 0               0               0        (45,676)         (45,676)
---------------------------------------------------------------------------------------------------------------
Balance, September 30, 2000 . .       540,000            27,189          40,192            (194)       (45,676)          21,511
Issuance of common stock
  for cash.                           814,167           187,405         (40,192)              0              0          147,213
Foreign currency translation gain           0                 0               0           8,643              0            8,643
Net loss. . .                               0                 0               0               0       (179,888)        (179,888)
---------------------------------------------------------------------------------------------------------------
Balance, September 30, 2001 . .     1,354,167           214,594               0           8,449       (225,564)          (2,521)
Shares of accounting subsidiary
  acquired on reverse take-over    12,145,833           409,003               0               0              0                0
Adjustment to eliminate capital
  stock of accounting subsidiary
  on reverse take-over                      0          (409,003)              0               0              0                0
Cancellation of common stock on
  acquisition of subsidiary        (7,500,000)         (119,218)              0               0        119,218                0
Common stock issuance as a result
  of reverse take-over              6,500,000                 1               0               0              0                1
Cancellation of common stock. .      (500,000)           (3,815)              0               0          3,815                0
Issuance for settlement of debt     1,646,000            59,380               0               0              0           59,380
Issuance for settlement of salaries    50,000             2,500               0               0              0            2,500
Value of options attached to common shares. 0         2,263,560               0               0              0        2,263,560
Foreign currency translation loss           0                 0               0          (3,436)             0           (3,436)
Net loss. . .                               0                 0               0               0     (3,137,115)      (3,137,115)
---------------------------------------------------------------------------------------------------------------
Balance, September 30, 2002 . . .  13,696,000     $   2,417,002    $          0   $       5,013   $ (3,239,646)  $     (817,631)
Issuance for settlement of debt .   8,758,930           926,555               0               0              0          926,555
Issuance on exercise of options . . 1,100,000            43,000          (7,100)              0              0           35,900
Issuance for services and
  Technology                        2,864,556           289,456               0               0              0          289,456
Issuance for consulting fees.      15,500,000         1,550,000               0               0              0        1,550,000
Stock based Compensation (Note4(h))         0           214,660               0               0              0          214,660
Issuance for compensation to
  directors.                        9,500,000           950,000               0               0              0          950,000
Foreign currency translation loss           0                 0               0            (162)             0             (162)
Net loss. . .                               0                 0               0               0     (3,212,184)      (3,212,184)
---------------------------------------------------------------------------------------------------------------
Balance, September 30, 2003        51,419,486         6,390,673 . . . .  (7,100)          4,851     (6,451,830)         (63,406)
</TABLE>











<PAGE>
<TABLE>
<CAPTION>



KOALA INTERNATIONAL WIRELESS INC.
(A Development Stage Company)
Consolidated Statements of Cash Flows
Years Ended September 30, 2003, September 30, 2002 and for the Period from August 25, 2000 (Inception) to September 30, 2003
(U.S. Dollars)

<S>                                                                       <C>                  <C>              <C>

                                                                                                          From
                                                                                                          Date of
                                                                                                          Inception
                                                                                                          To
                                                                             Year Ended September 30,     September 30,
                                                                           2003                   2002    2003
-----------------------------------------------------------------------------------------------------------------------

Operating Activities
  Net loss. . .. . . . . . . . . . . . . . . . . . . . . . .        . .  $ (3,212,184)    $ (3,137,115)  $(6,574,863)
  Items not involving cash
    Amortization. .  . . . . . . . . . . . . . . . . . . .                      4,795            7,778        20,351
    Salaries paid by share issuance .. . . . . . . . . . .                          0            2,500         2,500
    Consulting. . . . . .  . . . . . . . . . . . . . . . .                    214,660        2,263,560     2,478,120
    Directors compensation paid by shares
       share issuance . . .  . . . . . . . . . . . . . . .                    950,000                0       950,000
    Consulting, services, technology  and
       travel paid by share issuance . ..  . . . . . . . .                  1,839,456           25,000     1,864,456
  Changes in operating assets
    and liabilities . . . . . . . . . . .  . . . . . . . .                    167,433          837,788     1,128,348
-----------------------------------------------------------------------------------------------------------------------
Cash Used in Operating Activates. . . . . .. . . . . . . .                    (35,840)            (489)     (130,988)

Investing Activity
  Fixed assets acquired . . . . . . . . . .. . . . . . . .                          0                0       (39,508)

Financing Activity
  Issuance of common stock
    for cash. . . . . . . . . . . . . . . .. . . . . . . .                     35,900                0       170,556
-----------------------------------------------------------------------------------------------------------------------
Inflow (Outflow) of Cash. . . . . . . . . .. . . . . . . .                         60             (489)           60
Cash, Beginning of Period . . . . . . . . .. . . . . . . .                          0              489             0
-----------------------------------------------------------------------------------------------------------------------
Cash, End of Period . . . . . . . . . . . .. . . . . . . . . . . . . . . $         60     $          0   $        60
-----------------------------------------------------------------------------------------------------------------------
Supplemental Cash Flow Information
  Shares Issued to Settle Debts . . . . . . . . . . . . . . . . . . . .  $    926,555     $          0   $   926,555
</TABLE>





<PAGE>
KOALA  INTERNATIONAL  WIRELESS  INC.
(A  Development  Stage  Company)
Notes  to  Consolidated  Financial  Statements
Years  Ended  September  30,  2003,  September  30, 2002 and for the Period from
August  25,  2000  (Inception)  to  September  30,  2003
(U.S.  Dollars)
--------------------------------------------------------------------------------

1.     NATURE  OF  OPERATIONS  AND  BASIS  OF  PRESENTATION

Urbanesq.com  Inc.  ("Urbanesq") was incorporated August 25, 2000 under the laws
of  the  Province  of  Ontario,  Canada.

Effective October 18, 2001, Urbanesq completed a merger with Koala International
Wireless  Inc.,  a  public company incorporated in the State of Nevada on August
18,  1999.  This  merger  constituted  a  reverse  takeover of Urbanesq by Koala
resulting  in  the  period of operations being reported from the commencement of
operations  of  Urbanesq.

These  financial  statements  reflect  the acquisition applying reverse takeover
accounting  whereby the legal parent (Koala) is considered to have been acquired
by  the legal subsidiary (Urbanesq). Capital stock represents the authorized and
issued  capital  of  the legal parent and the dollar amount is that of the legal
subsidiary,  the  ongoing  operating  company.  The  consolidated  statements of
operations  and  deficit  and cash flows represent the results of operations for
Urbanesq  for  the  period from October 18, 2001 to September 30, 2003. The name
was  changed  to  Koala  InternationalWireless  Inc.  on  December  10,  2001.

All  significant  inter-company  balances and transactions have been eliminated.

In  July,  2003,  the  Company  acquired specific product development and design
directly  from  NoWire  Telecom  Inc.  and  four individuals for the issuance of
2,804,556  common  shares,  valued  at  $280,456,  which  amount was expensed to
product  development  for  the  year.

The  Company's  business  plan  is  to  continue  development  of  the  KEEWEE
communications  device,  for  which  the  Company  intends  to  subcontract  the
production.  The  base  product  and  the  handheld communicator (PDA) have been
redefined.  The  Company  intends to contract out the building of the prototype,
certification  of  the  prototype  and  development  of the manufacturing of the
prototype.

2.     DEVELOPMENT  STAGE  COMPANY

Koala  acquired  a  license  to  market  and  distribute a product in Maine, New
Hampshire  and Vermont.  This license was cancelled.  On February 14, 2000, as a
replacement  for  this  license,  the  Company  was granted additional rights to
market  and  distribute  vitamins,  minerals,  nutritional supplements and other
health  and  fitness  products  in  Great  Britain.  The  grantor of the license
offered  these  products  for sale from various suppliers on their website.  The
original  license  was granted to the Company by a partnership for consideration
of  2,000,000  common  shares value at $2,000.  These shares were paid evenly to
the  ten partners.  The replacement license was granted by the same partnership.
The general manager of that partnership was, at the time, the spouse of a former
director  and  officer  of  the Company.  The value of $2,000 and other costs of
acquiring  the  license  have  been  charged  to  operations.  Subsequently, the
license  was  abandoned.

In  a  development  stage  company, management devotes most of its activities to
preparing  the  business  for operations.  Planned principal activities have not
yet begun.  The ability of the Company to emerge from the development stage with
respect  to  any  planned  principal  business  activity  is  dependent upon its
successful efforts to raise additional equity financing and/or attain profitable
operations.  There  is  no  guarantee that the Company will be able to raise any
equity  financing or sell any of its products at a profit.  There is, therefore,
doubt  regarding  the  Company's  ability  to  continue  as  a  going  concern.

3.     GOING  CONCERN

These  financial  statements  have  been  prepared  on  a going concern basis in
accordance with accounting principles generally accepted in the United States of
America.  This presumes funds will be available to finance on-going development,
operations  and  capital  expenditures  and  the  realization  of assets and the
payment  of  liabilities  in the normal course of operations for the foreseeable
future.

The  Company  has  minimal  capital  resources  presently  available  to  meet
<PAGE>

KOALA  INTERNATIONAL  WIRELESS  INC.
(A  Development  Stage  Company)
Notes  to  Consolidated  Financial  Statements
Years  Ended  September  30,  2003,  September  30, 2002 and for the Period from
August  25,  2000  (Inception)  to  September  30,  2003
(U.S.  Dollars)
--------------------------------------------------------------------------------

obligations  which  normally can be expected to be incurred by similar companies
and  has  accumulated  deficit  of  $6,451,830. The Company is in the process of
negotiating  a  private  placement  to  provide  funds for the completion of the
development  of  the  KEEWEE device. Once funding is acquired, and the device is
completed, the Company expects to generate revenues from the sale of the device.

These factors raise substantial doubt about the Company's ability to continue as
a  going  concern  and  is  dependent  on  its ability to obtain and maintain an
appropriate  level of financing on a timely basis and to achieve sufficient cash
flows to cover obligations and expenses.  The outcome of these matters cannot be
predicted.  These  financial statements do not give effect to any adjustments to
the  amounts  and  classification  of  assets  and  liabilities  which  might be
necessary  should  the  company  be  unable  to  continue  as  a  going concern.

4.     SIGNIFICANT  ACCOUNTING  POLICIES

(a)     Foreign  currency  translation

Amounts  recorded  in  foreign  currency  are  translated  into  U.S. dollars as
follows:

(i)     Assets  and  liabilities  at  the  rate  of exchange in effect as at the
balance  sheet  date;  and

(ii)     Revenues  and  expenses  at  the average rate of exchange for the year.
Gains  and losses arising from this translation of foreign currency are included
in  other  comprehensive  income as a separate component of stockholders' equity
(deficiency).

(b)     Comprehensive  loss

Comprehensive  loss  is  comprised  of  net  loss and other comprehensive income
arising  from  foreign  currency  translation.

(c)     Use  of  estimates

The preparation of financial statements in conformity with accounting principles
generally  accepted  in the United States of America requires management to make
estimates  and  assumptions  that  affect  the  reported  amount  of  assets and
liabilities  and disclosures of contingent assets and liabilities at the date of
the  financial  statements,  and  the  reported amounts of revenues and expenses
during  the  reporting period.  Actual results could differ from those estimates
and  would  impact  future  results  of  operations  and  cash  flows.

(d)     Financial  instruments

The  Company's  financial  instruments  include  cash  and  accounts payable and
accrued liabilities.  It is management's opinion that the Company is not exposed
to  significant  interest, currency or credit risks arising from these financial
instruments.  The  fair values of these financial instruments approximates their
carrying  value.

(e)     Property  and  Equipment

Fixed  assets  are  carried  at  cost,  net  of  accumulated  amortization.

Amortization  is  provided using the straight-line method based on the following
estimated  useful  life:

Furniture  and  equipment     -  5  years

(f)     Net  loss  per  share

Net  loss  per  share  computations  are based on the weighted average number of
common  shares  outstanding during the year. Diluted loss per share has not been

<PAGE>

KOALA  INTERNATIONAL  WIRELESS  INC.
(A  Development  Stage  Company)
Notes  to  Consolidated  Financial  Statements
Years  Ended  September  30,  2003,  September  30, 2002 and for the Period from
August  25,  2000  (Inception)  to  September  30,  2003
(U.S.  Dollars)
--------------------------------------------------------------------------------
presented  separately  as  the outstanding options are anti-dilutive for each of
the  years  presented.

(g)     Research  and  development

Research  and  development  costs  are  expensed to operations as incurred.

(h)     Stock  based  Compensation

The Company applies APB Opinion no. 25 and related interpretations in accounting
for  its  stock  options  granted  to  employees,  and accordingly, compensation
expense of $Nil was recognized as wages expense for the year ended September 30,
2003  (September  30, 2002 - $Nil).  Had compensation expense been determined as
provided  in  SFAS  123  using  the  Black-Scholes  option  - pricing model, the
pro-forma effect on the Company's net loss and per share amounts would have been
as  follows:
<TABLE>
<CAPTION>



<S>                                                                        <C>
                                                                    2003.               2002
-------------------------------------------------------------------------       ------------
Net loss, as reported                                        $(3,212,184) . . .  $(3,137,115)
Intrinsic value expensed                                               0 . . . .           0
Fair value of stock options                                            0 . . . .    (416,017)
-------------------------------------------------------------------------        ------------
Net Loss, pro-forma                                           (3,212,184). . . .  (3,553,132)




Net loss per share, as reported                                  $(0.20). .  .   $    (0.25)
Plus intrinsic value per share expensed                            0.00 . .  .         0.00
Plus fair value per share of stock options                         0.00 . .  .  $     (0.04)
-------------------------------------------------------------------------        ------------
Net loss per share, pro-forma                                    $(0.20). .  .   $    (0.29)
</TABLE>



During  the  year  ended  September  30, 2003, 1,600,000 options were granted to
consultants.  These  options were accounted for using the Black-Scholes option -
pricing  model,  which  resulted  in  stock based compensation expense totalling
$214,660  (2002 - $2,263,560). The fair value of each option grant is calculated
using  the  following  weighted  average  assumption:


                                                                    2003    2002
------------------------------------------------------------------------    ----
     Expected  life  (years)                                       2.875   3.62
     Interest  rate                                                1.00%   3.00%
     Volatility                                                     247%     84%
     Dividend  yield                                               0.00%   0.00%

     (i)     Recent  Accounting  Pronouncements
In December 2002, FASB issued SFAS 148, "Accounting for Stock-based Compensation
-  Transition  and  Disclosure, an amendment to SFAS 123". SFAS 148 provides two
additional  transition  methods for entities that adopt the preferable method of
accounting  for  stock-based  compensation.  Further,  the  statement  requires
disclosure  of  comparable  information for all companies regardless of whether,
when,  or  how an entity adopts the preferable, fair value method of accounting.
These  disclosures  are  now  required  for interim periods in additional to the
traditional  annual  disclosure.  The  amendment to SFAS 123, which provides for
additional  methods,  are effective for the periods beginning after December 15,
2002,  although  earlier  application  is  permitted.  The  amendments  to  the
disclosure  requirements are required for financial reports containing condensed
financial  statements for interim periods beginning after December 15, 2002. The
Company  adopted  these  requirements  effective  October  1,  2002.

<PAGE>

KOALA  INTERNATIONAL  WIRELESS  INC.
(A  Development  Stage  Company)
Notes  to  Consolidated  Financial  Statements
Years  Ended  September  30,  2003,  September  30, 2002 and for the Period from
August  25,  2000  (Inception)  to  September  30,  2003
(U.S.  Dollars)
--------------------------------------------------------------------------------

     5.     CAPITAL  STOCK

(a)     During  the year ended September 30, 2003, Koala issued 8,758,930 shares
at  an  average  price of $0.11 per share, which was applied against outstanding
accounts payables. The Company also issued 15,500,000 shares at an average price
of  $0.10  per  share  in  fulfilment  of  consulting contracts, resulting in an
expense of $1,550,000 over the year, and, the Company issued 9,500,000 shares to
directors  and officers for services at $0.10 per share, resulting in an expense
of  $950,000  for  the  year, and issued 1,100,000 shares at an average price of
$0.04  per  share  on  the  exercise  of  options for proceeds to the Company of
$35,900  plus  a  subscription  receivable  of $7,100 at the year end and issued
2,804,556  shares  at an average of  $0.10 per share for product development and
design, fairly valued at $280,456, and 60,000 shares fairly valued at $9,000 for
professional  fees.  The  Company  believes  that  all  issuances  of shares are
reflected at fair value to the Company as determined by the value of service and
technology  provided  to  the  Company.

(b)     Subsequent  to  the  year  ended  September 30, 2003, the Company issued
34,000,000  shares  of common stock to the President of the Company for services
rendered,  valued  at  $3,400,000, and issued 3,000,000 shares for acquisitions,
300,000  shares  on  the  exercise  of  options  for  proceeds of $15,000 to the
Company, and 8,000,000 shares for consultants pursuant to the Company's S-8. The
Company  issued  a  further  3,500,000  shares  for  consulting  services.

(c)     The Company has adopted an incentive stock option plan effective October
31, 2001 whereby up to 2,000,000 shares of common stock may be optioned and sold
up  to  October  31,  2011  or  until  sooner  terminated.


(i)     Options  outstanding
     As  of  September  30,  the  following  options  were  outstanding:
     Exercise
     --------
Expiry  Date             Price        2003        2002       2001
------------            -------    -------     -------       ----
April  15,  2004        $  5.00          0     100,000          0
March  22,  2005        $  0.03          0     600,000          0
June  15,  2005         $  7.50          0     100,000          0
August  20,  2005       $  0.50    300,000     300,000          0
August  21,  2005       $  0.15    200,000           0          0
August  21,  2005       $  0.30    200,000           0          0
August  21,  2005       $  0.60    200,000           0          0
August  21,  2005       $  0.90    200,000           0          0
October  8,  2005       $  0.05    300,000           0          0
September  1,  2007     $ 10.00          0     100,000          0
Totals                           1,400,000   1,200,000          0

<PAGE>
KOALA  INTERNATIONAL  WIRELESS  INC.
(A  Development  Stage  Company)
Notes  to  Consolidated  Financial  Statements
Years  Ended  September  30,  2003,  September  30, 2002 and for the Period from
August  25,  2000  (Inception)  to  September  30,  2003
(U.S.  Dollars)
--------------------------------------------------------------------------------

      (ii)     The  following  table  summarizes  the  Company's  stock  option
activity  for  the  period:

<TABLE>
<CAPTION>



<S>                          <C>         <C>             <C>
                                                         Weighted
                                         Exercise        Average
                             Number      Price           Exercise
                             of Shares   Per Share       Price
                             ----------  --------------  ---------
Balance, September 30, 2001          0   $         0.00  $    0.00
Granted during year . . . .  1,200,000   $0.03 - $10.00  $    2.02
Balance, September 30, 2002  1,200,000   $0.03 - $10.00  $    1.80
Cancelled during year . . .   (100,000)  $         5.00
Cancelled during year . . .   (100,000)  $         7.50
Cancelled during year . . .   (100,000)  $        10.00
Granted during year . . . .    800,000   $ 0.15 - $0.90  $    0.49
Granted during year . . . .    800,000   $         0.05  $    0.05
Exercised during year . . .   (600,000)  $         0.03
Exercised during year . . .   (500,000)  $         0.05
Balance, September 30, 2003  1,400,000   $ 0.03 - $0.90  $    0.15
---------------------------  ----------  --------------  ---------


</TABLE>




     6.     INCOME  TAXES

     The  Company  has  operating  losses  which may be carried forward to apply
against future year's taxable income. The components of future income tax assets
are  as  follows:

<TABLE>
<CAPTION>



<S>                                               <C>          <C>
                                                 2003           2002           2001
-------------------------------------------------------------------------------------

Future income tax assets
  Non-capital loss carry forwards          $4,191,589     $1,194,065      $ 358,523
  Approximate tax rate                             35%            35%            35%
                                            1,467,056        417,900        125,483
Valuation allowance                        (1,467,056)      (417,900)      (125,483)
                                           $        0     $        0      $       0
--------------------------------------------------------------------------------------
</TABLE>



     Income  tax losses expire in 2023 - $(2,997,524); 2022 - $(835,542); 2021 -
$(352,748);  and  2020  $(5,775).

     7.     COMMITMENTS

The  Company  has  entered into a lease agreement which commenced December, 2003
and  has  committed  to  lease  payments  totalling $16,016 over the next twelve
months.

<PAGE>

KOALA  INTERNATIONAL  WIRELESS  INC.
(A  Development  Stage  Company)
Notes  to  Consolidated  Financial  Statements
Years  Ended  September  30,  2003,  September  30, 2002 and for the Period from
August  25,  2000  (Inception)  to  September  30,  2003
(U.S.  Dollars)
--------------------------------------------------------------------------------

     8.     RELATED  PARTY  TRANSACTION

For  the  year  ended  September  30,  2003,  $950,000 was paid to directors and
officers  of  Koala  (2002  -  $37,600).

     9.     LICENSES

The licenses referred to in note 2 were acquired on February 14, 2000 for a term
of three years.  The Company agreed to pay an annual fee of $500 for maintenance
of  the  grantor's  website  commencing  February  14, 2001.  The grantor of the
license  retains  50%  of  the profit on all sales made through the website.  To
September  30,  2002,  no  sales  occurred  and  the  license  was  abandoned.

     10.     SUBSEQUENT  EVENTS

Subsequent  to  September 30, 2003, the Company changed its name to KIWI Network
Solutions  Inc., increased its authorized shares of common stock to 500,000,000,
par  value  0.001  per  share,  and increased its authorized shares of preferred
stock  to  100,000,000,  par  $  value  $0.001  per  share.

Subsequent  to  September,  2003,  the Company issued 8,000,000 shares of common
stock  pursuant  to  consulting  contracts  and registered under an S-8, 300,000
shares  pursuant  to exercise of an option at $0.05 per share for $15,000 to the
Company,  3,000,000 shares for the product development, issued 34,000,000 shares
to  a  director of the Company for consulting services, and 3,500,000 shares for
consulting  services  to  a  third  party.

Subsequent  to  September,  2003,  the  Company  entered  into  a memorandum  of
understanding  with  Digi  Link Technologies, Inc. (OTC symbol: DGLT) to form  a
cooperative  business  development  and  management alliance ("Agreement"). This
Agreement  is still in the due diligence process and is currently being reviewed
by  each  Company's  respective  Board  of  Directors.

Subsequent  to September, 2003, the Company signed a Letter of Intent to acquire
Digiplates  Software  Inc. of Hollywood, California.  The Company entered into a
Purchase  Agreement  to  acquire  IP  Network  Services  Inc.

Subsequent to September 30, 2003, the Company is in the process of negotiating a
private  placement  to  provide   funds for the completion of the development of
the  KEEWEE  device.

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

          None.

     PART  III

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

          This  table sets forth the name, age and position of each director and
executive
officer  of  the  Company:

<PAGE>

Name  of  Director         Age          Position

Bradley  Wilson             45          Director,  Chairman  and  President
Derek  Pepler               45          Director,  Secretary  and  Treasurer
Lorne  Catling              47          Director
David  D.  Tews             71          Director
Richard  L.  Rumpf          63          Director
Harold  Fischer             66          Chief  Executive  Officer
Terry  Clarke               49          Chief  Operating  Officer

     Bradley Wilson - Director, Chairman and President. Mr, Wilson has served in
these  capacities  since  June  19,  2003.  Mr. Wilson currently is President of
Merbank  Capital  Corporation, a private consulting company in Orlando, Florida.
Previously, he was Director of Great Wall Food and Beverage Corp., a U.S. public
company  (symbol:  GWFB)  and  President  of  Noble  Brands, Inc.(symbol: NBBD).

     Derek  Pepler  -  Director, Secretary and Treasurer. From 1986 to 1994, Mr.
Pepler  specialized  in  Commercial, Investment and development real estate as a
Senior  Consultant with Colliers International and with Oxford Development Group
as  a Director. From 1994 to 1999, Mr. Pepler worked with several merchant banks
as  V.  P.  Sales  and  Marketing,  managing  debt financing and venture capital
opportunities.  In  1999  (to  present)  Derek joined sales and distribution for
EquiGenesis Corporation, a private limited-market securities dealer specializing
in  structured  finance.

     Lorne  Catling  -  Director.  Mr. Catling is President of SwitchPRO Inc., a
Calgary  based  Electronic,  Cellular  and  Wireless  Point  of Sale Transaction
company  servicing the mobile and fixed link ATM Market sector. Mr. Catling  has
25  years  of  direct sales and sales management experience in various wholesale
and  retail  fields.  This  includes  and  is  not  limited  to  real  estate,
automotive,  home  renovation,  and  the  carpet  industry.  He  has  also  held
managerial positions  with  a  major  Ford  Dealership. Following eight years in
the  auto  industry,  Mr.  Catling  was  Western Regional  Sales  Manager  for a
Northwestern  U.S.  pay-phone  provider.

     David  D. Tews -Director. Mr. Tews is a State Senator from Nebraska (Ret.),
Attorney  (Ret.) and President and CEO of Washington, DC based JSC Trading Inc.,
an  International  Affairs  and  International  Technology  Relations  Group.

     Richard  L.  Rumpf  -  Director. Mr. Rumpf is President of Washington, D.C.
based  Rumpf  Associates  International  and  is  the  former  Principal  Deputy
Assistant  Secretary  of  the  United  States  NAVY  in  the  areas of Research,
Engineering  and  Systems,  PDASN,  and  acting  ASN  (RE&S).  Mr.  Rumpf  is  a
consultant to a number of International Companies and Organizations and he is an
advisor  to  a  number  of  U.S.  Government  DOD  and  DOE  Laboratories.

     Harold  Fischer - Chief Executive Officer. Mr. Fischer has served as CEO of
the  Company since July 2003.  His career in the information technology industry
has  spanned  over  forty  (40) years with him serving in executive positions in
various  companies  for over twenty five (25) years.  For eight (8) years he has
been  the CEO and President of four (4) early stage companies which he developed
and  built  into  innovative  software  and  services companies.  Prior to these
experiences  with  early stage companies he held senior executive positions with
Wang  Laboratories  being  responsible  for  marketing,  sales,  and  product
development  and  profit  and  loss operations for most of the world.  At Unisys

<PAGE>

Corporation he held various senior executive positions including VP of Worldwide
Marketing  and  Services.




ITEM  10.  EXECUTIVE  COMPENSATION

     Officers  and  directors  of  the  Company,  or  its  subsidiaries,  have
received  9,500,000  shares  valued  at  $0.10  per  share  in remuneration  for
services  rendered  through  September 30, 2003. No officer or director received
any  cash  payments.  Although  there  is  no  current plan in existence, it  is
possible  that  the  Company  will adopt a plan to pay or accrue compensation to
its  officers  for  services  provided  to  the  Company.

     The following officers  and  directors  of  the  Company received shares in
lieu  of  compensation:

           Bradley  Wilson                2,000,000
           Harold  Fischer                2,500,000
           Derek  Pepler                  2,000,000
           Lorne  Catling                 1,000,000

     COMPENSATION  OF  DIRECTORS

     Directors  are  not  compensated  for  their  service  as  directors.  All
directors are reimbursed  for  any  reasonable  expenses  incurred in the course
of  fulfilling  their  duties  as  a  director  of  the  Company.

     EMPLOYMENT  CONTRACTS

     The  Company  does  not  have  employment  contracts  with  its  executive
officers  and  directors.  The  Company  may  in  the  future  execute  written
consulting  agreements  with  the  consulting  companies  owned by its executive
officers  and  consultants.

     STOCK  OPTION  PLAN

     The  Company's  stockholders  adopted  the Company's 2001 Stock Option Plan
(the  "Plan") at a special meeting on December 6, 2001.  The purpose of the Plan
is  to  enable  the  Company  to  offer  its  officers, directors, employees and
consultants  and  advisors  performance-based  incentives  and  other  equity
interests  in  the  Company,  thereby  attracting,  retaining,  and  rewarding
such personnel.  The Company  believes  that  increased  share ownership by such
persons more closely aligns  stockholder and employee interests by encouraging a
greater  focus  on  the  profitability  of  the  Company.  There is reserved for
issuance  under the Plan an aggregate  of 2,000,000 shares of common stock.  All
of  the  shares  may,  but  need  not,  be  issued  pursuant  to the exercise of
incentive  stock  options.  Options  granted  under  the  Plan  may  be  either
"incentive  stock options," as defined in Section  422  of  the Internal Revenue
Code  of 1986, as amended (the "Code"), or non-statutory  stock  options.  As of
this  date,  all  the  options  have  been  granted  under  the  plan.


<PAGE>

ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

     The  following table sets forth as of December 15, 2003 certain information
known  to the Company regarding the beneficial ownership of the Company's common
stock,  and  as  adjusted  to reflect the share ownership for (i) each executive
officer  or director  of  the  Company  who  beneficially owns shares; (ii) each
stockholder known to the Company to beneficially own five percent or more of the
outstanding  shares  of  its  common stock; and (iii) all executive officers and
directors  as  a group.  The  Company  believes  that  the  beneficial owners of
the  common  stock  listed  below,  based  on  information  furnished  by  such
owners,  have  sole  investment  and  voting  power with respect to such shares,
subject  to  community  property  laws  where  applicable.


                                                                  PERCENTAGE  OF
                                                                     OUTSTANDING
     NAME  AND POSITION             NUMBER OF SHARES                      SHARES
     Bradley  Wilson                  36,000,000                 37.22%
     Harold  Fischer                   2,500,000                  2.58%
     Derek  Pepler                     2,000,000                  2.07%
     Lorne  Catling                    1,040,000                  1.07%

     All  Current  Directors  and
     Officers  As  A  Group
     (5  Persons)                     41,540,000                 42.94%

     CHANGE  IN  CONTROL

     The  Company  is  not  aware  of  any  arrangement  that  would  upset  the
control  mechanisms  currently  in  place.  Although  it  is  conceivable that a
third  party could  attempt  a  hostile takeover of the Company, the Company has
not  received  notice  of  any  such  effort.

     ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

     No  transactions  with management or other parties occurred during the year
that  would  otherwise  be  reported  under  this  section.

     PART  IV

     ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

     EXHIBITS:  none

     REPORTS  ON  FORM  8-K:
     8k  filed  with  the  SEC  on  November  7,  2003  and  amendments thereto.
     8k  filed  with  the  SEC  on  May  15,  2003  and  amendments  thereto.
     8k  filed  with  the  SEC  on  December  5,  2002  and amendments  thereto.
     8k  filed  with  the  SEC  on  October  15,  2002  and amendments  thereto.

<PAGE>

     ITEM  14.  Controls  and  Procedures

     The  Company's  Chief  Executive  officer  and Chief Financial Officer have
conducted  an  evaluation  of  the  effectiveness  of  disclosure  controls  and
procedures  within  90  days of the date of this report pursuant to Exchange Act
Rule  13a-14.  Based  on  that evaluation, the Chief Executive Officer and Chief
Financial  Officer  concluded  that  the  disclosure controls and procedures are
effective in ensuring that all material information required to be filed in this
annual  report  has been made known to them in a timely fashion. There have been
no  significant  changes  in  internal  controls,  or  in  factors  that  could
significantly  affect  internal  controls,  subsequent  to  the  date  the Chief
Executive  Officer  and  Chief  Financial  Officer  completed  their evaluation.

     SIGNATURES

In  accordance  with  Section  13  or  15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

     KOALA  INTERNATIONAL  WIRELESS  INC.

     By:     /s/  Bradley  Wilson
                  ---------------
     Bradley  Wilson
     Chairman  and  President  and  Director

     Date:   January  22,  2004

In  accordance  with  the Exchange Act, this report has been signed below by the
following  persons  on behalf of the registrant and in the capacities and on the
dates  indicated.

By:   /s/  Bradley  Wilson     Date:  January  22,  2004
  ------------------------
     Bradley  Wilson
     Chairman  and  President  and  Director

     By:  /s/ Derek  Pepler    Date:  January  22,  2004
       -----------------------
     Derek  Pepler
     Secretary  and  Treasurer  and  Director

     By:  /s/  Lorne  Catling  Date:  January  22,  2004
       ----------------------
     Lorne  Catling
     Director

     By:  /s/  David  D.  Tews   Date:  January  22,  2004
       -----------------------
     David  D.  Tews
     Director

     By:  /s/  Richard  L. Rumpf  Date:  January  22,  2004
       --------------------------
     Richard  L.  Rumpf
     Director

<PAGE>


CERTIFICATION  OF  CHIEF  EXECUTIVE  OFFICER  AND  CHIEF  FINANCIAL  OFFICER
PURSUANT  TO  18  W.S.C.  SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY  ACT  OF  2002

I,  Harold  Fischer,  certify,  pursuant  to  18 U.S.C. Section 1350, as adopted
pursuant  to  Section  906  of  the  Sarbanes-Oxley Act of 2002, that the Annual
Report  on  Form  10-KSB  of  Koala  International  Wireless Inc. for the fiscal
year  ended  September  30, 2003 fully complies with the requirements of Section
13(a)  or  15(d)  of  the  Securities  Exchange  Act  of  1934  and  that  the
information contained in the Annual Report on Form 10-KSB fairly presents in all
material  respects  the  financial  condition  and  results  of  operations  of
Koala  International  Wireless  Inc.
          By:        /s/  Harold  Fischer

          Name:      Harold  Fischer

          Title:     Chief  Executive  Officer

          Date:      January  22,  2004

I,  Bradley  Wilson,  certify,  pursuant  to  18 U.S.C. Section 1350, as adopted
pursuant  to  Section  906  of  the  Sarbanes-Oxley Act of 2002, that the Annual
Report  on  Form  10-KSB  of  Koala  International  Wireless Inc. for the fiscal
year  ended  September  30, 2003 fully complies with the requirements of Section
13(a)  or  15(d)  of  the  Securities  Exchange  Act  of  1934  and  that  the
information contained in the Annual Report on Form 10-KSB fairly presents in all
material  respects  the  financial  condition  and  results  of  operations  of
Koala  International  Wireless  Inc.

          By:        /s/  Bradley  Wilson
                     --------------------

          Name:      Bradley  Wilson

          Title:     Chief  Financial  Officer

          Date:      January  22,  2004


<PAGE>

                                302 CERTIFICATION


I,  Harold  Fischer,  Chief  Executive  Officer,  certify  that:

1.  I  have  reviewed  this  annual report on Form 10-KSB of Koala International
Wireless  Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a
material  fact or omit to state a material fact necessary to make the statements
made,  in  light of the circumstances under which such statements were made, not
misleading  with  respect  to  the  period  covered  by  this  annual  report;

3.  Based  on  my  knowledge,  the  financial  statements,  and  other financial
information included in this report, fairly present in all material respects the
financial  condition,  results of operations and cash flows of the registrant as
of,  and  for,  the  periods  presented  in  this  annual  report;

4.  I  am  responsible  for establishing and maintaining disclosure controls and
procedures  (as  defined  in  Exchange  Act Rules 13a - 14 and 15d - 14) for the
registrant  and  have:
     a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is  made  known  to  us by others within those entities, particularly during the
period  in  which  this  annual  report  is  being  prepared;
     b)  evaluated the effectiveness of the registrant's disclosure controls and
procedures  as  of a date within 90 days prior to the filing date of this annual
report  (the  "Evaluation  Date");  and
     c)  presented in this annual report our conclusions about the effectiveness
of  the  disclosure  controls  and  procedures based on our evaluation as of the
Evaluation  Date.

5.  I  have  disclosed,  based on my most recent evaluation, to the registrant's
auditors  and  the  audit  committee  of the registrant's board of directors (or
persons  performing  the  equivalent  functions):
     a)  all  significant  deficiencies  in  the design or operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
registrant's  auditors  any  material  weaknesses  in  internal  controls;  and
     b)  any  fraud,  whether or not material, that involves management or other
employees  who  have  a  significant role in the registrant's internal controls.

6. I have indicated in this annual report whether there were significant changes
in  internal  controls  or  in  other  factors  that  could significantly affect
internal  controls  subsequent  to  the  date  of  our  most  recent evaluation,
including  any  corrective  actions  with regard to significant deficiencies and
material  weaknesses.


     Date:  January  22, 2004                        /s/  Harold Fischer
                                                     -------------------
                                                     Harold  Fischer,
                                                     Chief  Executive  Officer

<PAGE>



                                302 CERTIFICATION

I,  Bradley  Wilson,  acting  Chief  Financial  Officer,  certify  that:

1. I have reviewed this annual report  on  Form  10-KSB  of  Koala International
Wireless  Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a
material  fact or omit to state a material fact necessary to make the statements
made,  in  light of the circumstances under which such statements were made, not
misleading  with  respect  to  the  period  covered  by  this  annual  report;

3.  Based  on  my  knowledge,  the  financial  statements,  and  other financial
information included in this report, fairly present in all material respects the
financial  condition,  results of operations and cash flows of the registrant as
of,  and  for,  the  periods  presented  in  this  annual  report;

4.  I  am  responsible  for establishing and maintaining disclosure controls and
procedures  (as  defined  in  Exchange  Act Rules 13a - 14 and 15d - 14) for the
registrant  and  have:
     a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is  made  known  to  us by others within those entities, particularly during the
period  in  which  this  annual  report  is  being  prepared;
     b)  evaluated the effectiveness of the registrant's disclosure controls and
procedures  as  of a date within 90 days prior to the filing date of this annual
report  (the  "Evaluation  Date");  and
     c)  presented in this annual report our conclusions about the effectiveness
of  the  disclosure  controls  and  procedures based on our evaluation as of the
Evaluation  Date.

5.  I  have  disclosed,  based on my most recent evaluation, to the registrant's
auditors  and  the  audit  committee  of the registrant's board of directors (or
persons  performing  the  equivalent  functions):
     a)  all  significant  deficiencies  in  the design or operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
registrant's  auditors  any  material  weaknesses  in  internal  controls;  and
     b)  any  fraud,  whether or not material, that involves management or other
employees  who  have  a  significant role in the registrant's internal controls.

6. I have indicated in this annual report whether there were significant changes
in  internal  controls  or  in  other  factors  that  could significantly affect
internal  controls  subsequent  to  the  date  of  our  most  recent evaluation,
including  any  corrective  actions  with regard to significant deficiencies and
material  weaknesses.



     Date:  January  22,  2004   /s/  Bradley  Wilson
                                 ---------------------
                                 Bradley  Wilson,
                                 Acting  Chief  Financial  Officer and Director