U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**Form 10**-**QSB**

(Mark One)

X...Quarterly report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
quarterly period ended August 31, 2001.

....Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 for the
transition period from _________ to _________.





|Colorado                                       | 0-23561                  | 84-1431797                          
|---------------------------------------------- | ------------------------ | ------------------------------------
|(State or other jurisdiction of
incorporation) | (Commission File Number) | (IRS Employer Identification
Number)

|2082 Cherry Street

Denver, Colorado     | 80207     
|---------------------------------------- | ----------
|(Address of principal executive offices) | (Zip Code)

Registrant's telephone number, including area code  (303) 321-0461

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 X   No ____

Applicable only to issuers involved in bankruptcy proceedings during the past five years:

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court. Yes ____  No ____

Applicable only to corporate issuers:

State the number of shares outstanding of each of the issuer's classes of common equity, as of the
latest practicable date:29,902,499 as of August 31, 2001.

Transitional Small Business Disclosure Format (Check one):

Yes ____  No  X

PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

(a) The unaudited financial statements of registrant as of and for the period ending
August 31, 2001 follow.



SUNBURST ACQUISITIONS IV, INC.

FINANCIAL STATEMENTS

Quarter ended August 31, 2001

|INDEX TO FINANCIAL STATEMENTS: |  
|------------------------------ | -
|                               |  
|Balance Sheet                  | 4
|Statements of Operations       | 6
|Statements of Cash Flows       | 8
|Notes to Financial Statements  | 9

Sunburst Acquisitions IV, Inc. and Subsidiary

(A Development Stage Company)

BALANCE SHEET

August 31, 2001

|                                    | **ASSETS**                                       |                                                 |                   
|----------------------------------- | ------------------------------------------------ | ----------------------------------------------- | ------------------
|                                    |                                                  |                                                 |                   
|CURRENT ASSETS**                    |                                                  |                                                
|                                    | **************Cash and cash equivalents          |                                                 | $         19,724  
|                                    | Notes receivable****                             | ****                                            | 75,000            
|                                    | Other current assets****                         | ****                                            | 4,027             
|                                    |                                                  |                                                 |                   
|                                    |                                                  | ****Total current assets                        | ****              
|                                    |                                                  |                                                 |                   
|************OTHER ASSETS            | ****                                             |                                                
|                                    | **Net assets of discontinued operations**        | ****                                            | 698,354           
|                                    |                                                  |                                                 |                   
|                                    |                                                  | ************Total long-term assets              | ****              
|                                    |                                                  |                                                 |                   
|                                    |                                                  | ************TOTAL ASSETS                        | ****              
|                                    |                                                  |                                                 |                   
|                                    | ************LIABILITIES AND STOCKHOLDERS' EQUITY | ****                                            |                   
|                                    |                                                  |                                                 |                   
|************CURRENT LIABILITIES     | ****                                             |                                                
|                                    | Accounts payable                                 |                                                 | $              302
|                                    | Accrued expenses                                 |                                                 | 5,944             
|                                    | Notes payable - related parties                  |                                                 | 100,000           
|                                    |                                                  |                                                 |                   
|                                    |                                                  | ********Total current liabilities               | ****              
|                                    |                                                  |                                                 |                   
|***********LONG TERM LIABILITIES*** |                                                  |                                                
|                                    | **Net liabilities of discontinued operations**   |                                                 | 1,542,503         
|                                    |                                                  |                                                 |                   
|                                    |                                                  | ********Total long-term liabilities             | ****              
|                                    |                                                  |                                                 |                   
|                                    |                                                  |                                                 |                   
|********STOCKHOLDERS' EQUITY**      |                                                  |                                                
|                                    | Preferred stock, no par value; 20,000,000 shares |                                                
|                                    |                                                  | authorized; no shares issued and outstanding    | -                 
|                                    | Common stock, no par value; 100,000,000          |                                                 |                   
|                                    |                                                  | shares authorized; 29,902,499 shares issued and |                   
|                                    |                                                  | outstanding                                     |                   
|                                    | Deficit accumulated during the development       |                                                 |                   
|                                    |                                                  | stage                                           |                   
|                                    |                                                  |                                                 |                   
|                                    |                                                  |                                                 |                   
|                                    |                                                  |                                                 |                   
|                                    |                                                  | ****TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  | $       797,105   



The accompanying notes are an integral part of the financial statements.

Sunburst Acquisitions IV, Inc. and Subsidiary

(A Development Stage Company)

STATEMENTS OF OPERATIONS

|                                 |                                     |                            | For the period                 | ****                       |                            |                      |         
|-------------------------------- | ----------------------------------- | -------------------------- | ------------------------------ | -------------------------- | -------------------------- | -------------------- | --------
|                                 |                                     |                            | **************from inception** | ****                       |                            |                      |         
|                                 |                                     |                            | (March 19, 1999)               | **For the six months**     | **For the three months**  
|****                             |                                     |                            | **to August 31,**              | **ended August 31,**       | **ended August 31,**      
|****                             |                                     |                            | **2001**                       | **2001**                   | **2000**                   | **2001**             | **2000**
|****                             |                                     |                            |                                |                            |                            |                      |         
|****REVENUES                     | $                 208,235           | $                        - | $                        -     | $                        - | $                        -
|                                 |                                     |                            |                                |                            |                            |                      |         
|EXPENSES                         |                                     |                            |                                |                            |                           
|                                 | Selling, general and administrative | 2,162,259                  | 25,637                         | 5,825                      | 25,101                     | 5,825               
|                                 |                                     |                            |                                |                            |                            |                      |         
|                                 |                                     | ********Total expenses     | 2,162,259                      | 25,637                     | 5,825                      | 25,101               | 5,825   
|                                 |                                     |                            |                                |                            |                            |                      |         
|NET OPERATING LOSS               | (1,954,024)                         | (25,637)                   | (5,825)                        | (25,101)                   | (5,825)                   
|                                 |                                     |                            |                                |                            |                            |                      |         
|OTHER INCOME AND EXPENSE         |                                     |                            |                                |                            |                           
|                                 | Interest expense                    | (30,872)                   | (3,070)                        | -                          | (1,535)                    | -                   
|                                 | Gain on sale of securities          | 400,000                    | -                              | -                          | -                          | -                   
|                                 |                                     |                            |                                |                            |                            |                      |         
|NET LOSS FROM                    |                                     |                            |                                |                            |                           
|CONTINUING OPERATIONS            | (1,584,896)                         | (28,707)                   | (5,825)                        | (26,636)                   | (5,825)                   
|                                 |                                     |                            |                                |                            |                            |                      |         
|********DISCONTINUED OPERATIONS: |                                     |                            |                                |                            |                           
|                                 | Loss from operations of             |                            |                                |                            |                            |                     
|                                 |                                     | Hollywoodbroadcasting.com  |                                |                            |                            |                      |         
|                                 |                                     | to be disposed of (net of  |                                |                            |                            |                      |         
|                                 |                                     | income taxes of $0)        | (657,765)                      | (46,940)                   | (610,825)                  | (19,241)             | (6,256) 
|                                 |                                     |                            |                                |                            |                            |                      |         
|********NET LOSS                 | (2,242,661)                         | (75,647)                   | (616,650)                      | (45,877)                   | (12,081)                  
|                                 |                                     |                            |                                |                            |                            |                      |         
|Accumulated deficit              |                                     |                            |                                |                            |                           
|                                 | Balance, beginning of period        | -                          | (2,167,014)                    | (1,580,098)                | (2,196,784)                | (2,184,667)         
|                                 |                                     |                            |                                |                            |                            |                      |         
|                                 | Balance, end of period              | $             (2,242,661)  | $       (2,242,661)            | $        (2,196,748)       | $       (2,242,661)        | $        (2,196,748)
|                                 |                                     |                            |                                |                            |                            |                      |         
|NET LOSS PER SHARE               | $                      (0.05)       | $              (NIL)       | $              (NIL)           | $              (NIL)       | $              (NIL)      
|                                 |                                     |                            |                                |                            |                            |                      |         
|WEIGHTED AVERAGE NUMBER OF       |                                     |                            |                                |                            |                           
|SHARES OF COMMON STOCK           |                                     |                            |                                |                            |                           
|AND COMMON STOCK                 |                                     |                            |                                |                            |                           
|EQUIVALENTS OUTSTANDING          | 33,414,207                          | 32,374,618                 | 35,831,668                     | 30,607,608                 | 44,902,499                

The accompanying notes are an integral part of the financial statements.

Sunburst Acquisitions IV, Inc. and Subsidiary

(A Development Stage Company)

STATEMENTS OF CASH FLOWS
**For the period**
********from inception
************(March 19, 1999)
**For the six months******



**to August 31,**
**ended August 31,******



**2001**
**2001**
**2000****CASH FLOWS FROM OPERATING ACTIVITIES**Net loss

$        (2,242,661)
$         (75,647)
$       (616,650)Adjustments to reconcilenet loss to net cash flowsfrom operating activities:Gain on sale of securities
(400,000)
-
-Depreciation
52,332
17,449
8,420Increase in inventory
(57,705)
-
(57,500)(Increase) decrease in other assets
(481,519)
1,123
(496,817)(Increase) decrease in prepaid expense
-
-
(49,694)(Increase) decrease in accounts receivable
(4,394)
(4,027)
8,000Increase (decrease) in accrued expenses
140,307
23,895
(1,513)Increase (decrease) in accounts payable
119,196
(11,591)
53,733Net cash flows from operating activities
(2,874,444)
(48,798)
(1,152,021)CASH FLOWS FROM INVESTING ACTIVITIES******** Proceeds from sale of securities
325,000
-
-Purchase of property and equipment
(208,585)
-
(154,325)Net cash flows from investing activities
116,415
-
(154,325)CASH FLOWS FROM FINANCING ACTIVITIES******** Discontinued operations
(2,510)
(2,510)
-******** Related party debt
740,556
(500)
937,500******** Proceeds from notes payable to stockholders
548,191
-
110,520******** Proceeds from notes payable
100,500
-
-Issuance of common stock
1,391,016
45,900
208,650Net cash flows from financing activities
2,777,753
42,890
1,256,670NET INCREASE (DECREASE) IN CASH******AND CASH EQUIVALENTS**
19,724
(5,908)
(49,676)********CASH AND CASH EQUIVALENTS,******BEGINNING OF PERIOD**
-
25,632
59,984********CASH AND CASH EQUIVALENTS,****END OF PERIOD
$               19,724
$          19,724
$          10,308The accompanying notes are an integral part of the financial statements.

Sunburst Acquisitions IV, Inc.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

August 31, 2001



1.	**Management's Representation of Interim Financial Information**

The accompanying financial statements have been prepared by Sunburst Acquisitions IV, Inc.
without audit pursuant to the rules and regulations of the Securities and Exchange Commission.
Certain information and footnote disclosures normally included in financial statements prepared
in accordance with generally accepted accounting principles have been condensed or omitted as
allowed by such rules and regulations, and management believes that the disclosures are adequate
to make the information presented not misleading.  These financial statements include all of the
adjustments which, in the opinion of management, are necessary to a fair presentation of
financial position and results of operations.  All such adjustments are of a normal and recurring
nature.  These financial statements should be read in conjunction with the audited financial
statements at February 28, 2001.

**2.	Investment in Prologic Management Systems, Inc.**

On February 16, 2001 the Company completed the sale of 2,859,972 shares of stock in Prologic
Management Systems, Inc., an Arizona corporation ("Prologic"), to Prologic, or its designees, for
a total sales price of $400,000, or approximately $0.1399 per share.  The sale was completed
pursuant to the terms of a Settlement Agreement and Release, dated January 26, 2001.  This
investment had been charged to operations in August 2000 by Sunburst Acquisitions IV, Inc.

The sales price paid was $325,000 in cash at closing and $75,000 through Prologic's execution
of a promissory note.  The promissory note bears interest at the rate of 10% per annum and
requires payments of $25,000 principal, interest, on each of April 12, 2001, July 12, 2001 and
October 12, 2001.  The April 12, 2001, July 12, 2001, and October 12, 2001 payments have not
been made.

**3.****Sale of Discontinued Operations**

On September 28, 2001 the Company completed the sale of its wholly owned subsidiary
Hollywoodbroadcasting.com for $1,000 in cash.

Operating results of Hollybroadcasting.com for the six months ended August 31, 2001 are shown
separately in the accompanying income statement.

Assets and liabilities of Hollywoodbroadcasting.com sold consisted of the following:

|Cash                           | $     2,510                
|------------------------------ | ---------------------------
|Accounts receivable            | 367                        
|Inventories                    | 57,705                     
|Capitalized project costs      | 481,519                    
|Property, plant, and equipment | 156,253                    
|                               | Total assets               
|Accounts payable               | 118,893                    
|Accrued expenses               | 134,364                    
|Notes payable to stockholders  | 548,191                    
|Due to related party           | 741,056                    
|                               | Total liabilities          
|                               | Net liabilities disposed of



Net liabilities sold, at their realizable values, have been separately classified in the accompanying
balance sheet at August 31, 2001.

**Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR  PLAN OF**

**OPERATIONS**

Liquidity and Capital Resources

The Company remains in the development stage.  Since inception it has undergone two
unsuccessful business combinations which have caused it to incur significant liabilities and have
resulted in the accumulation of a substantial deficit during the development stage.  As of August
31, 2001, the Company has total current assets of $98,751 and total liabilities of $106,246,
resulting in a current ratio of 9.29.

During the fiscal year ended February 28, 2001, the Company received cash proceeds of
$325,000 as part payment of the purchase price for its sale of shares of common stock of
Prologic.  However, substantially all of those funds were used prior to the end of the fiscal year
to pay various outstanding debts and obligations of the Company, primarily including debts and
obligations related to its acquisition of HollywoodBroadcasting.com, Inc. As a result, those funds
are not available to pay on-going operating expenses.   The Company does not currently have the
funds necessary to enable it to carry out its business plan.  It will need to raise additional capital
to pay expenses associated with compliance with its reporting obligations under the Securities
Exchange Act of 1934 and to fund its planned efforts related to investigating the potential
acquisition of or combination with an operating entity for which the Company's status as a
reporting company under the Securities Exchange Act of 1934 is deemed valuable.



Plan of Operations



The Company's plan of operations is to reduce its operating expenses to the lowest
amount necessary to enable it to continue to comply with its reporting obligations under the
Securities Exchange Act of 1934, and to engage in activities associated with locating and
evaluating acquisition candidates.  In the event the Company is able to locate a suitable
acquisition candidate it plans to proceed with the acquisition as quickly as reasonably possible.

Unless and until a business combination is completed with an acquisition candidate, the
Company does not expect to generate revenues.  In fact, the Company may also continue to
operate at a loss even after completing a business combination, depending upon the performance
of the acquired business.  Therefore, the Company anticipates that it will continue to incur losses
for the current fiscal year.



As a result of the anticipated losses for the fiscal year, the Company will require
additional capital in order to meet its cash needs including the costs of compliance with the
continuing reporting requirements of the Securities Exchange Act of 1934, as amended.



The Company anticipates that some portion of the funds it will require for payment of on-going expenses may come from payments due under the promissory note it received from
Prologic in conjunction with sale of Prologic shares.  However, the $25,000 payments which
were due on April 12, 2001, July 12, 2001 and October 12, 2001 pursuant to the terms of the
promissory note have not yet been received by the Company.  The Company is in discussions
with Prologic regarding modification of the terms of payment under the promissory note but
there is no assurance as to when or whether the Company is likely to receive any portion of the
remaining $75,000 due from Prologic.

Another potential source of capital for the Company is the sale of all, or a portion, of its
remaining 600,000 shares in Prologic.  The market value of such shares is currently difficult to
determine because the shares of Prologic are thinly traded and there is not a viable market for
purchase and sale of any such shares.   Thus, there is no assurance that the Company would be
able to sell all, or any significant portion, of its Prologic shares if it elected to do so.

Other than the potential sources of funds described above, no specific commitments to
provide additional funds have been  made by management or other stockholders.  During the
second quarter the Company commenced a private placement offering of up to 3,000,000 shares
at a price of $0.03 per share.  A total of 1,530,000 of such shares were sold during the quarter,
resulting in receipt by the Company of a total of $45,900 of gross proceeds.  Subsequent to the
end of the second quarter, the Company sold 250,000 additional shares and received additional
offering proceeds totalling $7,500.  The Company intends to use the offering proceeds both to
pay current liabilities and as working capital to be applied to payment of on-going expenses.

On June 11, 2001, the Company was notified by the management of the Los Angeles
Film School (LAFS) of its claim for reimbursement for $1,271,000 in expenses which LAFS
asserts were incurred on behalf of HollywoodBroadcasting.com (HBC).  Such amounts consist of
office rent, equipment purchases, and computer lease obligations.  The claim also alleges
conflicts of interest by members of HBC management during the time that HBC's president was
a partner in LAFS.  The accompanying financial statements include $741,000 due and payable to
LAFS.  Management disputes the additional amount claimed by LAFS, ($530,000) and intends to
vigorously defend HBC from liability as a result of this claim.

PART II - OTHER INFORMATION

ITEM 2.	CHANGES IN SECURITIES AND USE OF PROCEEDS.

During the second quarter, the Company sold a total of 1,530,000 shares of its common
stock in a private placement offering pursuant to an exemption from registration provided by
Section 4(2) of the Securities Act of 1933 and the Rule 506 of Regulation D promulgated
thereunder.  The shares were offered and sold by the Company, acting through its officers and
directors, and the offering was limited solely to accredited investors.

The total offering price of shares sold during the second quarter was $45,900, and no
underwriting discounts or commissions were paid.

ITEM 5.	OTHER INFORMATION.

On September 28, 2001, subsequent to the end of the second quarter, the Company
completed the sale of its wholly-owned subsidiary, Hollywoodbroadcasting.com, Inc. ("HB.C")
for $1,000 cash.  A copy of the Stock Purchase Agreement is attached hereto as an exhibit.

The Company acquired HB.C on December 4, 2000 pursuant to an Agreement for Share
Exchange.  At the time of acquisition, HB.C was a development stage company which intended
to engage in the development and production (or acquisition) of original entertainment and
information programs for webcasting over the Internet. It was expected that revenues would be
generated from sales of advertising and sponsorships, sales of programs and e-commerce
transactions generated from its website.

Following the acquisition of HB.C, it became apparent that the sources of revenue which
had been relied upon in developing the business model of HB.C were not available.  As a result,
the Company determined that there is not currently a viable market for production and sale of
programming for webcasting over the Internet.

The Company's board of directors made the decision that it was in the best interests of
the Company to dispose of HB.C on the best available terms, and to focus Company efforts on
the process of seeking out potential opportunities in other unrelated areas of business.

ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K.

10.1STOCK PURCHASE AGREEMENT

(b)	No reports on Form 8-K were filed by the Company for the quarter ended August
31, 2001.

SIGNATURE

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

******SUNBURST ACQUISITIONS IV, INC.**

By:   /S/ TERRY FIELDS

Terry Fields

Principal Executive Officer and Director

Date:    October 22, 2001****

EXHIBIT 10.1STOCK PURCHASE AGREEMENT

**STOCK PURCHASE AGREEMENT**

THIS AGREEMENT made the 18th day of September, 2001.

BETWEEN:

**HOLLYWOODBROADCASTING.COM.**, a company incorporated under the laws of
Nevada, having an office and address at 6363 Sunset Boulevard, Suite 500, Hollywood,
California  90028.

(the "Company")

**WMDC INVESTMENTS LTD.**, a company incorporated under the laws of British
Columbia, having an office and address at 2075 Comox Street, Suite 2201, Vancouver,
British Columbia  V6G 1S2.

(the "Buyer")

AND:

**SUNBURST ACQUISITIONS IV, INC.**, a company incorporated under the laws of
Colorado, having an office and address at 2082 Cherry Street, Denver, Colorado  80207.

(the "Seller")

WHEREAS:

A.	Sunburst Acquisitions IV, Inc., the Seller, has agreed to sell 35,831,668 shares in the
common stock of its wholly owned subsidiary, Hollywoodbroadcasting.com, a Nevada
corporation, which represents 100 % of the 35,831,668 shares of the issued and
outstanding shares in the common stock of the Company;

B.	The parties hereto have reached the following agreement with respect to the sale by the
Seller of such Common Stock to the Buyer.

NOW THEREFORE, for valuable consideration and upon the mutual covenants and promises
contained herein, the parties hereto agree as follows:

1.	Purchase Price and Terms of Payment.  The Seller hereby agrees to sell to the Buyer
all of the following shares of the common stock of the Company; and the Buyer, in
reliance on the representations and warranties contained herein, and subject to the
terms and conditions of this Agreement, shall purchase such shares from the Seller
for the following purchase price and upon the following other terms and conditions:

a.	The purchase price for 35,831,668 shares of the common stock of
Hollywoodbroadcasting.com (the "Shares") shall be a total of One
Thousand Dollars ($1,000) to the Seller in U.S. currency on or before
Friday, September 28, 2001(the "Closing Time").

b.	All of such payments shall be made in cash to the Sellers at the Closing
Time in U.S. dollars at which time the Shares will be validly transferred
to Buyer

2.	Irrevocable Agreement.  Once executed by the parties, this Agreement will be
irrevocable.  The Seller will have the obligation to sell the Shares to the Buyer and
the Buyer will have the obligation to purchase the Shares from the Seller strictly in
accordance to this Agreement.

3.	Representations and Warranties of the Seller.  The Seller represents and warrants to
the Buyer that:

a.	The authorized capital of the Company is 200,000,000 shares of capital
stock with a par value of $0.001.  There are no outstanding shares of
capital stock of the Company other than the amount disclosed of being
35,831,668 shares of the common stock of the Company; and Seller at
the Closing Time shall have full and valid title to the Shares consisting
of 35,831,668 shares of the common stock of the Company which will
be delivered to the Buyer by the Seller hereunder, and there will be no
existing impediment or encumbrance to the sale and transfer of such
Shares to Buyer; and on delivery to the Buyer of the shares being sold
hereby, all of such Shares shall be free and clear of all liens,
encumbrances, charges or assessments of any kind; such Shares will be
legally and validly issued and fully paid and non-assessable shares of
the Company's common stock; and all such common stock has been
issued under fully authorized resolutions of the Board of Directors of
the Company.

b.	The Company is a corporation duly organized and validly existing,
under the laws of Nevada, and has all necessary corporate powers to
own properties and carry on business, and is duly qualified to do
business in the State of Nevada.  All actions taken by Incorporators,
directors and shareholders of Seller have been valid and in accordance
with the laws of the State of Nevada.

c.	None of such Shares sold pursuant to this Agreement are or will be
subject to any voting trust or agreement.  No person holds or has the
right to receive any proxy or similar instrument with respect to such
shares, except as provided in this Agreement, the Seller is not a party
to any agreement which offers or grants to any person the right to
purchase or acquire any of the securities to be issued pursuant to this
Agreement.  There is no applicable local, state or federal law, rule,
regulation, or decree which would, as a result of the issuance of the
Shares, impair, restrict or delay any voting rights with respect to the
Shares.

d.	No person has any right, agreement, or option present or future,
contingent or absolute, or any right capable of becoming a right,
agreement or option to require the Company to issue any Shares in its
capital or to convert any securities of the Company or of any other
company into Shares.

e.	The Company may have liabilities, or obligations, whether accrued,
absolute, contingent, or otherwise, and whether due or to become due,
which the Company may not be aware of that are not reflected on the
Company's financial statements.

f.	The Company was a development stage corporation formed to engage
in the business of developing and producing original entertainment and
programming for a wide range of media, including domestic and
foreign broadcast, cable and satellite television, home video and DVD
sales and rental, and the Internet.  To date, the Company has engaged
in limited operations and the business of the Company has not
generated any substantial revenues or profits, and has incurred
substantial losses. As of the date hereof, the Company's liabilities
exceeded its assets and is not a going concern.

g.	The Company does not own any real estate or any interest in real estate.

h.	The Company is not liable for any income, sales, withholding, real or
personal property taxes to any governmental agencies whatsoever.

i.	To the best of its knowledge, the Company has complied with, and is
not in violation of any provision of laws or regulations of federal, state
or local government authorities and agencies.  There are no pending or
threatened proceedings against the Company by any federal, state or
local government, or any department, board, agency or other body
thereof.

j.	All issuances of the Company of the shares in the common stock in past
transactions have been legally and validly effected, and all of such
shares in the common stock are fully paid and non-assessable.

k.	There are no outstanding subscriptions, options, warrants, convertible
securities or rights or commitments of any nature in regard to the
Company's authorized but unissued common stock.

l.	 The Company has no insurance or employee benefit plans whatsoever.

m.	The Company has the right, power, and authority to enter into and
perform its obligations under this Agreement.

n.	The Buyer has received a copy of the audited financial statements of the
Company as of February 28, 2001, and the related statements of income
and retained earnings for the period then ended.  The financial
statements have been prepared in accordance with generally accepted
accounting principles consistently followed by the Company throughout
the periods indicated, and fairly present the financial position of the
Company as of the date of the financial statements.

o.Since the date of the financial statements, there has not been any change
in the financial condition or operations of the Company, except changes
in the ordinary course of business, which changes have not in the
aggregate been materially adverse.

p.The execution and delivery of this Agreement by the Company and the
performance by the Company of its obligations hereunder will not
cause, constitute, or conflict with or result in (i) any breach or violation
or any of the provisions of or constitute a default under any license,
indenture, mortgage, charter, instrument, articles of incorporation,
bylaw, or other agreement or instrument to which the Company or its
shareholders are a party, or by which they may be bound, nor will any
consents or authorizations of any party other than those hereto by
required, (ii)  an event that would cause the Company to be liable to any
party, or (iii) an event that would result in the creation or imposition or
any lien, charge or encumbrance on any asset of the Company or upon
the securities of the Company to be acquired by the Buyer.

q.The representations and warranties herein by the Seller shall be true and
correct in all material respects on and as of the Closing Time hereof
with the same force and effect as though said representations and
warranties had been made on and as of the Closing Time.

4.  Representations and Warranties of the Buyer.  The Buyer represents and warrant to
the Seller that:

a.	The Buyer has the knowledge and experience necessary to evaluate the merits
and risks associated with purchase of the Company's shares.

b.	The Buyer has had the opportunity to ask questions and receive additional
information from the Seller and/or the Company as deemed necessary to
verify that the representations, warranties and covenants provided by Seller
are true, and that the Buyer has received all the additional information it
requested.

c.	In making the decision to buy the Shares of the Company, Buyer has relied
upon its own investigation and analysis of the business and financial
condition of the Company rather than relying upon the representations,
warranties and covenants provided herein by the Seller.

5.	Covenants of the Seller.  From the date of this Agreement to Closing Time, the Seller
covenant the following:

a.	The Seller will furnish Buyer with whatever corporate records and
documents are available, such as Articles of Incorporation and Bylaws.

b.	The Company will not enter into any contract or business transaction,
merger or business combination, or incur any further debts or
obligations without the express written consent of the Buyer.

c.	The Company will not amend or change its Articles of Incorporation or
Bylaws, or issue any further shares in the common stock of the
Company without the express written consent of Buyer.

d.	The Company will not issue any stock options, warrants or other rights
or interests in or to its shares of the common stock.

e.	The Seller will not encumber or mortgage any right or interest in its
shares of the common stock being sold to the Buyer hereunder, and also
they will not transfer any rights to such shares of the common stock to
any third party whatsoever.

f.	The Company will not declare any dividend in cash or stock, or any
other benefit.

g.	The Company will not institute any bonus, benefit, profit sharing, stock
option, pension retirement plan or similar arrangement.

h.	The Seller agrees to indemnify the Buyer against and to pay any loss,
damage, expense or claim or other liability incurred or suffered by the
Buyer by reason of the inaccuracy of any warranty or representation
contained in this Agreement.

6.	Access to Records.  Between the date of this Agreement and the Closing Time, the
Seller will afford any representative of the Buyer free and full access to all premises,
properties, books, accounts and other records of the Company in order to provide
Buyer full opportunity to make whatever investigations of the company as the Buyer
shall desire.  If any such investigation or inquiry gives the Buyer reason to believe
that Seller may have breached any term or condition of this Agreement, the Buyer
shall so advise the Seller in writing and this agreement will be terminated at the
option of the Buyer.

7.	General.

a.	Expenses.  Each party hereto shall pay such party's personal
expenses and legal fees in connection with this transaction.

b.	Revisions.  The parties hereto by mutual agreement in writing may
extend the time for the performance of any term or condition of this
Agreement, extend the Closing Time of this Agreement, waive any
inaccuracies in any representations contained herein, and waive the
future performance of any obligation hereunder.

c.	Binding Effect.  This Agreement shall be binding upon and endure to
the benefit of the respective parties hereto and any successors, heirs and
assigns, provided that no rights hereunder can be assigned by any party
hereto without the express written consent of the other parties.

d.	Entire Agreement.  This Agreement contains the entire agreement
between the Seller and Buyer regarding this transaction, and supersedes
all prior oral and written understandings and transactions related
thereto.

e.	Governing Law.  This Agreement shall be governed by the laws of the
State of Colorado.

**IN WITNESS WHEREOF**the parties hereto have caused this Agreement
to be duly executed, all as of the day and year first above written.

**HOLLYWOODBROADCASTING.COM**

__________________________

Esther Zimmerman, Director

**SUNBURST ACQUISITIONS IV, INC.**





________________________

Terry Fields, President



**WMDC  INVESTMENTS, LTD.**

**______________________**

William McLaws, President****