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: March 31, 2002

[ ]         TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE
            EXCHANGE ACT
              For the transition period from __________ to _______

                         Commission file number 0-23871

                          CROSSNET COMMUNICATIONS, INC.
        (Exact name of small business issuer as specified in its charter)

                   COLORADO                                 84-1434323
        (State or other jurisdiction of                    (IRS Employer
         incorporation or organization)                 Identification No.)

     14500 NORTH NORTHSIGHT BOULEVARD, SUITE 213, SCOTTSDALE, ARIZONA 85260
                    (Address of principal executive offices)

                                 (480) 556-0850
                           (Issuer's telephone number)

                                 NOT APPLICABLE
         (Former name, former address and former fiscal year, if changed
                               since last report)

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of the last practicable date:

             28,092,181 SHARES OF COMMON STOCK, NO PAR VALUE, AS OF
                                 MARCH 31, 2002

Transitional Small Business Disclosure Format (check one);  Yes       No   X
                                                                -----    -----




<PAGE>

                          CROSSNET COMMUNICATIONS, INC.

                                      INDEX

PART I - FINANCIAL INFORMATION

   Item 1.  Financial Statements

            Consolidated Balance Sheet.........................................4

            Consolidated Statements of Loss....................................5

            Consolidated Statements of Cash Flows..............................6

            Consolidated Statement of Stockholders' Deficiency
            and Comprehensive Loss.............................................7

            Notes to Consolidated Financial Statements.........................8

   Item 2.  Management's Discussion and Analysis or Plan of Operation.........10


PART II - OTHER INFORMATION

   Item 1.  Legal Proceedings.................................................14

   Item 2.  Changes in Securities.............................................14

   Item 3.  Defaults Upon Senior Securities...................................14

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

   Item 5.  Other Information.................................................15

   Item 6.  Exhibits and Reports on Form 8-K..................................16


SIGNATURES....................................................................17

                                        2

<PAGE>










                        Consolidated Financial Statements of

                        CROSSNET COMMUNICATIONS INC.

                        (A Development Stage Enterprise)

                        Three months ended March 31, 2002









                                        3

<PAGE>

CROSSNET COMMUNICATIONS INC.
(A Development Stage Enterprise)
Consolidated Balance Sheets
$ United States
March 31, 2002 and December 31, 2001

<TABLE>
<CAPTION>
=================================================================================================================
                                                                         March 31,                  December 31,
                                                                              2002                          2001
                                                                       (Unaudited)
-----------------------------------------------------------------------------------------------------------------
<S>                                                                   <C>                           <C>

ASSETS

Current asset:
     Cash                                                             $     18,028                  $     31,028

Fixed assets:                                                                1,053                         1,340
-----------------------------------------------------------------------------------------------------------------
                                                                      $     19,081                  $     32,368
=================================================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current liabilities:
     Accounts payable and accrued liabilities                         $     18,308                  $     15,280
     Note payable to stockholder (note 3)                                  195,000                       195,000
     ------------------------------------------------------------------------------------------------------------
                                                                           213,308                       210,280
Stockholders' deficiency:
     Capital stock:
           100,000,000  voting common shares without par value
                        authorized, 28,092,181 issued
                        (December 31, 2001 - 28,092,181)                     8,152                         8,152
            10,000,000  non-voting preferred shares without par
                        value, issuable in series authorized                     1                             1

     Deficit Accumulated During the Development Stage:                    (202,379)                     (186,064)
     ------------------------------------------------------------------------------------------------------------
                                                                          (194,227)                     (177,912)
-----------------------------------------------------------------------------------------------------------------

Going concern (note 1)
Subsequent events (note 4)
                                                                      $     19,081                  $     32,368
=================================================================================================================
</TABLE>




See accompanying notes to consolidated financial statements.

                                        4

<PAGE>


CROSSNET COMMUNICATIONS INC.
(A Development Stage Enterprise)
Consolidated Statements of Loss
$ United States
(Unaudited)

<TABLE>
<CAPTION>
===================================================================================================================
                                                          From Inception        Three months          Three months
                                                        (March 21, 2000)               ended                 ended
                                                            to March 31,           March 31,             March 31,
                                                                    2002                2002                  2001
-------------------------------------------------------------------------------------------------------------------
<S>                                                       <C>                   <C>                     <C>

Revenue:
     Website maintenance fees                             $        7,275        $          -            $        -

Expenses:
     Amortization of fixed assets                                  2,394                 287                   288
     Amortization and write-off of website
          development costs                                        9,025                   -                   622
     Consulting fees                                               5,000                   -                     -
     Interest                                                     39,455               5,850                 5,850
     Internet hosting                                                565                   -                   160
     Office and administrative                                     2,620                 251                   422
     Professional fees                                            61,537                 208                11,771
     Rent                                                         10,000               1,500                 1,500
     Salaries and benefits                                        54,378               7,805                 8,651
     Transfer Agent Fees                                           4,484                 470                   852
     --------------------------------------------------------------------------------------------------------------
                                                                 189,458              16,371                31,616

Loss before interest income:                                    (182,183)            (16,371)              (31,616)

Interest income:                                                   5,457                  56                 1,462

Loss                                                      $     (176,726)       $    (16,315)           $  (30,154)
===================================================================================================================

Weighted average number of common shares
  outstanding, basic and diluted                              12,977,450          28,092,181            10,000,021

Loss per share, basic and diluted                         $        (0.01)       $      (0.00)           $    (0.00)
===================================================================================================================
</TABLE>


See accompanying notes to consolidated financial statements.


                                        5

<PAGE>

CROSSNET COMMUNICATIONS INC.
(A Development Stage Enterprise)
Consolidated Statements of Cash Flows
$ United States
(Unaudited)

<TABLE>
<CAPTION>
===================================================================================================================
                                                          From Inception          Three month       From inception
                                                        (March 21, 2000)                ended     (March 21, 2000)
                                                            to March 31,            March 31,         to March 31,
                                                                    2002                 2002                 2001
-------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                      <C>               <C>
Cash provided by (used in):

Operations
     Loss                                                $      (176,726)         $   (16,315)      $      (30,154)
     Item not involving cash:
         Amortization of fixed assets                              2,394                  287                  288
         Amortization and write-off of website
             development costs                                     9,025                    -                  622
     Changes in non-cash working capital:
         Accounts payable and accrued liabilities                  4,016                3,028                4,060
     --------------------------------------------------------------------------------------------------------------
                                                                (161,291)             (13,000)             (25,184)
Financing
     Proceeds from note payable to stockholder                   195,000                    -                    -
     Repayment of due to related party                           (11,359)                   -              (11,359)
     Common Shares Issued for Cash                                 8,100                    -                    -
     --------------------------------------------------------------------------------------------------------------
                                                                 191,741                    -              (11,359)
Investments
     Expenditures on fixed assets                                 (3,447)                   -                    -
     Website Development Costs                                    (8,975)                   -                    -
     --------------------------------------------------------------------------------------------------------------
                                                                 (12,422)                   -                    -
     --------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash                                       18,028              (13,000)             (36,543)

Cash, beginning of period                                              -               31,028              151,996
-------------------------------------------------------------------------------------------------------------------
Cash, end of period                                      $        18,028          $    18,028       $      115,453
===================================================================================================================

Supplementary information
  Interest paid                                          $        27,755          $         -       $            -
  Income taxes paid                                      $             -          $         -       $            -
===================================================================================================================

Non-cash financing activities
  Common shares issued for website software              $            50          $         -       $            -
  Common shares issued upon share exchange               $             1          $         -       $            -
  Preferred shares issued upon share exchange            $             1          $         -       $            -
  Liabilities assumed on business combination            $       (25,651)         $         -       $            -
===================================================================================================================
</TABLE>

See accompanying notes to consolidated financial statements.

                                        6

<PAGE>

CROSSNET COMMUNICATIONS INC.
(A Development Stage Enterprise)
Consolidated Statement of Stockholders' Deficiency and Comprehensive Loss
$ United States
From inception on March 21, 2000 to March 31, 2002
(Unaudited)

<TABLE>
<CAPTION>
=====================================================================================================================
                                                                                            Deficit
                                                                                        Accumulated
                                                               Series A Convertible      during the            Total
                                       Common Stock               Preferred Stock       development    Stockholders'
                                    Shares      Amount        Shares         Amount           stage       Deficiency
---------------------------------------------------------------------------------------------------------------------
<S>                             <C>           <C>          <C>            <C>            <C>            <C>

Shares issued for cash
  on March 23, 2000                607,448    $     100       127,860     $      -       $        -     $        100
Shares issued for software
  on May 15, 2000                  303,724           50        63,930            -                -               50
Shares issued for cash
  on July 26, 2000               7,593,103        5,000     1,598,247            -                -            5,000
Shares issued for cash
  om August 6, 2000                 91,117        3,000        19,179            -                -            3,000
---------------------------------------------------------------------------------------------------------------------
                                 8,595,392        8,150     1,809,216            -                -            8,150
Shares held by BCS
  stockholders prior to
  recapitalization
  transaction                    1,404,629            1             -            1          (25,653)         (25,651)
---------------------------------------------------------------------------------------------------------------------
                                10,000,021        8,151     1,809,216            1          (25,653)         (17,501)
Comprehensive loss
Loss                                     -            -             -            -          (46,750)         (46,750)
---------------------------------------------------------------------------------------------------------------------
Balance,
  December 31, 2000             10,000,021        8,151     1,809,216            1          (72,403)         (64,251)

Common shares issued
  on conversion of
  preferred shares on
  September 20, 2001            17,452,860            1    (1,745,286)          (1)               -                -

Common shares issued
  on conversion of
  preferred shares on
  October 8, 2001                  639,300            -       (63,930)           -                -                -
---------------------------------------------------------------------------------------------------------------------
                                28,092,181        8,152             -            -          (72,403)         (64,251)

Comprehensive loss:
Loss                                     -            -             -            -         (113,661)        (113,661)
---------------------------------------------------------------------------------------------------------------------
Balance,
  December 31, 2001             28,092,181    $   8,152             -     $      -       $ (186,064)    $   (177,912)

Comprehensive loss:
Loss                                     -            -             -            -          (16,315)         (16,315)
---------------------------------------------------------------------------------------------------------------------
Balance,
  March 31, 2002                28,092,181    $   8,152             -     $      -       $ (202,379)    $   (194,227)
=====================================================================================================================
</TABLE>

See accompanying notes to consolidated financial statements.

                                        7

<PAGE>



CROSSNET COMMUNICATIONS INC.
(A Development Stage Enterprise)
Notes to Consolidated Financial Statements
$ United States
Three months ended March 31, 2002
(Unaudited)

================================================================================

1.       GOING CONCERN:

         These  financial  statements  have been  prepared on the going  concern
         basis,  which  assumes the  realization  of assets and  liquidation  of
         liabilities and commitments in the normal course of business.  As shown
         in the consolidated  financial  statements,  the Company has incurred a
         loss for the period from  inception of $176,726,  and at March 31, 2002
         has a working  capital  deficiency of $195,280.  The application of the
         going  concern  concept  is  dependent  upon the  Company's  ability to
         receive continued  financial support from its majority  stockholder and
         other investors.  These consolidated  financial  statements do not give
         effect to any adjustment  should the Company be unable to continue as a
         going  concern  and  therefore,  be  required to realize its assets and
         discharge its  liabilities  in other than the normal course of business
         and at amounts  differing  from  those  reflected  in the  consolidated
         financial   statements.   The  Company  currently  has  no  substantive
         operations.  Management  plans to rely on continued  financial  support
         from  its  majority   stockholder  and  to  actively  seek  merger  and
         acquisition  opportunities  with businesses that may have  applications
         directly related to the internet (see note 4).

         Management  believes the plans  described  above will be  sufficient to
         meet the Company's  liabilities  and commitments as they become payable
         over  the  next  twelve   months.   There  can  be  no  assurance  that
         management's  plan will be successful.  Failure to maintain the support
         of its majority shareholder and consummate a merger or acquisition will
         cause the Company to curtail  operations  and the Company's  ability to
         continue as a going concern will be impaired.

2.       BASIS OF PRESENTATION:

         The  accompanying   consolidated   interim  financial   statements  are
         unaudited.  However,  in the opinion of  management,  all  adjustments,
         consisting  solely of normal recurring  adjustments,  necessary for the
         fair presentation of these unaudited financial statements in conformity
         with accounting  principles  generally accepted in the United States of
         America,  have been made. Readers of these financial  statements should
         read the annual  audited  financial  statements of the Company filed on
         Form 10-KSB in conjunction herewith.  The results of operations for the
         interim periods presented are not necessarily indicative of the results
         to be expected for the entire fiscal year.



                                        8

<PAGE>

CROSSNET COMMUNICATIONS INC.
(A Development Stage Enterprise)
Notes to Consolidated Financial Statements
$ United States
Three months ended March 31, 2002
(Unaudited)

================================================================================

3.       NOTE PAYABLE TO STOCKHOLDER:

         The note is unsecured,  due July 24, 2002 and bears interest at 12% per
         annum.  The note is convertible  into common shares of the Company,  at
         the option of the stockholder, at a price equal to the lesser of:

              a)     $0.06 per share; or

              b)     the average bid price of the Company's common stock for the
                     ten days immediately prior to the date of conversion

         Interest payable on the note aggregating  $11,700  (December 31, 2001 -
         $5,850), is included in accounts payable and accrued liabilities in the
         accompanying consolidated balance sheet.

4.       SUBSEQUENT EVENT

         (a)      Subsequent  to  March 31, 2002, the Company signed a letter of
                  intent  to  acquire  all of the  outstanding  shares of Cirond
                  Networks Inc.  ("Cirond").  Cirond's main business activity is
                  the  development of technology to enhance the  performance and
                  security of wireless local area network technology.  Under the
                  terms of the  proposed  transaction  the  Company  would issue
                  15,000,000   common   shares  in  exchange   for  all  of  the
                  outstanding   shares  of  Cirond.  As  a  result,  the  former
                  shareholders  of  Cirond  would own  approximately  90% of the
                  outstanding   shares  of  the   Company   subsequent   to  the
                  transaction.  Accordingly,  if the transaction is consummated,
                  the business  combination  would be accounted for as a capital
                  transaction,  as if Cirond had issued shares for consideration
                  equal to the net tangible assets of the Company  followed by a
                  recapitalization   of  our   common   stock,   as  the  former
                  shareholders of Cirond will control the Company.  The proposed
                  transaction  is  subject  to  completion  of  a  formal  share
                  exchange   agreement  as  well  as  board,   shareholder   and
                  regulatory approval.

         (b)      Subsequent  to  March  31,  2002,  the  Company  wound  up its
                  inactive subsidiary, Autovenu, Inc.

                                        9

<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Unless the context otherwise requires, the terms "we", "our" and "us" refers to
Crossnet Communications, Inc.

During the fiscal year ended 2001, in light of the automobile market conditions,
we decided to abandon the business plan of our wholly-owned subsidiary,
Autovenu, Inc. On April 11, 2002, we entered into an Agreement and Plan of
Merger with Autovenu, Inc. and merged Autovenu, Inc. into us. We did not issue
any stock or other securities, nor did we amend our Articles of Incorporation.
All of the capital stock of Autovenu, Inc. has been cancelled without
consideration. Autovenu, Inc. no longer exists and we assumed all of its assets
and liabilities. We are now a "shell" company actively seeking merger and
acquisition opportunities.

CAUTION

Certain statements in this Quarterly Report on Form 10-QSB, our Annual Report on
Form 10- KSB for our fiscal year ended December 31, 2001, our Annual Report to
Shareholders, as well as statements made by us in periodic press releases, oral
statements made by our officials to analysts and shareholders in the course of
presentations about ourselves, constitute "forward- looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties, and
other factors that may cause the actual results, performance or achievements of
us to be materially different from any future results, performance or
achievements expressed or implied by the forward looking statements. Such
factors include, among other things, (1) general economic and business
conditions; (2) interest rate changes; (3) the relative stability of the debt
and equity markets; (4) competition; (5) the availability and cost of the
products used in our Web sites; (6) demographic changes; (7) government
regulations particularly those related to Internet commerce; (8) required
accounting changes; (9) equipment failures, power outages, or other events that
may interrupt Internet communications; (10) disputes or claims regarding our
proprietary rights to our software and intellectual property; and (11) other
factors over which we have little or no control.

BASIS OF PRESENTATION

On September 25, 2000, we entered into a Share Exchange Agreement with the
shareholders of Autovenu, Inc., a Delaware corporation. In accordance with the
share exchange, the former shareholders of Autovenu, Inc. acquired control of us
and new officers and directors were appointed. As a result, the share exchange
was accounted for as a capital transaction, as if Autovenu, Inc. had issued
shares for consideration equal to our net tangible assets followed by a
recapitalization of our shares of common stock. Consequently, our consolidated
statements of loss, stockholders' deficiency and comprehensive loss and cash
flows reflect the results of operations and cash flows of Autovenu, Inc. for the
period from its inception (March 21, 2000) to March 31, 2002, combined with ours
from the recapitalization date of September 25, 2000.


                                       10

<PAGE>



CRITICAL ACCOUNTING POLICIES

Our discussion and analysis of our financial condition and results of
operations, including the discussion on liquidity and capital resources, are
based upon our consolidated financial statements, which have been prepared in
accordance with accounting principles generally accepted in the United States.
The preparation of these financial statements requires us to make estimates and
judgments that affect the reported amounts of assets, liabilities, revenues and
expenses, and related disclosure of contingent assets and liabilities. On an
ongoing basis, we re- evaluate our estimates and judgments. Actual results could
differ from the estimates. We believe the following critical accounting policies
require significant judgments and estimates used in the preparation of the
consolidated financial statements.

Our consolidated financial statements have been prepared on the going concern
basis, which assumes the realization of assets and liquidation of liabilities in
the normal course of operations. If we do not continue as a going concern, we
would have to curtail our operations. As described elsewhere in this report, at
March 31, 2002, there were certain conditions that currently exist which raise
substantial doubt about the validity of our ability to continue as a going
concern. While we plan to maintain the support of our majority shareholder and
consummate a merger or acquisition, there is no assurance that these plans will
be successful.  Failure to raise additional funds may result in the Company
curtailing operations or writing assets and liabilities down to liquidation
values, or both.

SELECTED FINANCIAL DATA

Our selected financial data for the periods shown below is derived from our
consolidated financial statements included herein. The financial data derived
from the consolidated statements should be read in conjunction with our
consolidated financial statements and the notes included elsewhere in this
report.

<TABLE>
<CAPTION>
     BALANCE SHEET DATA:                          MARCH 31, 2002             DECEMBER 31, 2001
<S>                                                 <C>                        <C>

     Current Asset                                  $    18,028                $    31,028
     Total Assets                                   $    19,081                $    32,368
     Current Liabilities                            $   213,308                $   210,280
     Stockholders' Deficiency                       $   194,227                $   177,912
     Working Capital Deficiency                     $   195,280                $   179,252
</TABLE>

<TABLE>
<CAPTION>
     STATEMENT OF LOSS DATA:            MARCH 21, 2000         THREE MONTHS        THREE MONTHS
                                        (INCEPTION) TO             ENDED               ENDED
                                           MARCH 31,              MARCH 31,           MARCH 31,
                                             2002                   2002                2001
<S>                                       <C>                    <C>                 <C>

       Website Maintenance Fees           $    7,275             $       0           $       0
       Loss                               $  176,726             $  16,315           $  30,154
       Loss per Share                     $    (0.01)            $   (0.00)          $   (0.00)
</TABLE>


                                       11

<PAGE>



OVERVIEW

We are a "shell" company actively seeking merger and acquisition opportunities.
We are in the development stage and have generated limited revenues.

We were originally incorporated under the name Buffalo Capital VII, Ltd. in the
State of Colorado on September 19, 1997. From our inception to June 18, 1999, we
operated as a "shell" company and our business plan was to seek out and take
advantage of business opportunities that may have the potential for profit, and
to acquire such businesses or a controlling interest therein.

On June 18, 1999, we entered into a Reorganization and Stock Purchase Agreement
with Workfire.com, a company incorporated under the laws of the State of Nevada
("Workfire- Nevada"). Under the agreement, we acquired 89% of the issued and
outstanding shares of Workfire-Nevada and changed our name to Workfire.com, Inc.
As a result of the agreement, the shareholders of Workfire-Nevada became our
controlling shareholders.

On November 5, 1999, we approved a resolution to distribute all of our shares of
Workfire- Nevada to our shareholders on a pro-rata basis. We believed this was
necessary in order to provide funding for Workfire-Nevada. As a result of the
share distribution, we no longer owned or controlled Workfire-Nevada and became
a shell company with no active operations. On February 7, 2000, we changed our
name to BCS Investment Corporation and actively sought a merger or acquisition
opportunity.

On September 25, 2000, we entered into a Share Exchange Agreement with the
shareholders of Autovenu, Inc., a Delaware corporation. Autovenu, Inc. was a
software development company whose business model included the acquisition and
development of Internet related software and technology. We consummated the
acquisition by exchanging 303.7241 shares of our common stock and 6.393 shares
of our Series A preferred stock (both pre reverse stock split) for each issued
and outstanding share of common stock of Autovenu, Inc. The Series A preferred
stock was convertible into 100 (pre-split) shares of common stock without
additional consideration. Autovenu, Inc. had a total of 283,000 issued and
outstanding shares of common stock. The shareholders of Autovenu, Inc. were Mark
Moldenhauer, Jules Lee Wurzel and BusinessTradeCenter.com, Inc. As a result of
the share exchange, the former shareholders of Autovenu, Inc. now control us and
new officers and directors were appointed.

Effective December 18, 2000, we implemented a 1-for-10 reverse stock split and
changed our name to Crossnet Communications, Inc. Except where otherwise
indicated, all information in this Quarterly Report on Form 10-QSB has been
presented to give retroactive effect to the reverse stock split.

During the fiscal year ended 2001, in light of the automobile market conditions,
we decided to abandon the business plan of Autovenu, Inc. On April 11, 2002, we
merged Autovenu, Inc. into us. We did not issue any stock or other securities,
nor did we amend our Articles of


                                       12

<PAGE>

Incorporation. All of the capital stock of Autovenu, Inc. has been cancelled
without consideration. Autovenu, Inc. no longer exists and we assumed all of its
assets and liabilities.

We are in the development stage and have generated limited revenues. We had a
net loss of $176,726 from inception (March 21, 2000) through March 31, 2002, and
a stockholders' deficiency of $194,227 at March 31, 2002. We had a working
capital deficiency of $195,280 at March 31, 2002. These factors raise
substantial doubt about our ability to continue as a going concern. The
consolidated financial statements and the financial information set out herein
do not include any adjustments that might result from the outcome of this
uncertainty. We have limited operations and require additional financing from
our majority shareholder or other investors. Our previous capital needs have
been met primarily by loans from related parties. Ultimately we need to generate
revenues and successfully attain profitable operations. We are currently seeking
merger or acquisition opportunities with businesses that may have applications
directly related to the internet.

REVENUES

Our only source of income for the three months ended March 31, 2002 was interest
income of $56, as compared to interest income of $1,462 for the comparable
period in 2001. We did not generate any revenues, and since we abandoned the
business plan of Autovenu, Inc., we do not expect to generate any revenues in
the foreseeable future.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

We incurred expenses of $189,458 for the period from inception to March 31,
2002, which included consulting fees $5,000; interest $39,455; professional fees
$61,537; and salaries and benefits $54,378. Our expenses for the three months
ended March 31, 2002 were $16,371, as compared to $31,616 for the period 2001.
The decrease in expenses were attributed to lower professional fees.

LIQUIDITY AND FINANCIAL CONDITION

The cash requirements of funding our operations and acquisitions have exceeded
cash flows from operations. We have satisfied our capital needs to date
primarily through debt financing. For the period since inception, the statement
of cash flows reflects net cash used in operating activities of $161,291, which
was offset by net cash provided by financing activities of $191,741. At March
31, 2002, we had cash of $18,028 and a working capital deficit of $195,280.
Substantially all of our liabilities consist of advances from related parties.
Since we had limited revenues, our cash will be depleted by operating expenses
and we will be dependent upon external sources of cash. Failure to consummate a
merger or acquisition or the loss of financial support from the Company's
majority shareholder will cause the Company to curtail its operations.
Management believes the Company has sufficient working capital, or has access to
sufficient working capital through its majority shareholder, to fund operations
for the next six months.


                                       13

<PAGE>



PLAN OF OPERATION

During the next twelve months, we will seek to acquire assets or shares of an
entity actively engaged in a business. We have not identified a particular
acquisition target and have not entered into any negotiations regarding an
acquisition, nor have we identified any entity wishing to utilize the public
market place to raise additional capital. We intend to contact investment
bankers, corporate financial analysts, attorneys and other investment industry
professionals through various media.

We will participate in a business opportunity only after the negotiation and
execution of appropriate written agreements. Although the terms of such
agreements cannot be predicted, generally such agreements will require some
specific representations and warranties by all of the parties, will specify
certain events of default, will detail the terms of closing and the conditions
that must be satisfied by each of the parties prior to and after such closing,
will outline the manner of bearing costs, including costs associated with our
attorneys and accountants, will set forth remedies on default and will include
miscellaneous other terms. We will not acquire or merge with any entity that
cannot provide independent audited financial statements within a reasonable
period of time after closing of the proposed transaction. If such audited
financial statements are not available at closing or within a reasonable time
thereafter, the closing documents will provide that the proposed transaction
will be voidable at our discretion. If the transaction is voided, the agreement
will also contain a provision providing for the acquisition entity to reimburse
us for all costs associated with the proposed transaction.

















                                       14

<PAGE>

                           PART II - OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS

                  Not Applicable.

ITEM 2.           CHANGES IN SECURITIES

                  Not Applicable.

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

                  Not Applicable.

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

                  Not Applicable.

ITEM 5.           OTHER INFORMATION

                  Subsequent to March 31, 2002, we signed a letter of intent to
                  acquire all of the outstanding shares of Cirond Networks Inc.
                  Cirond Networks Inc.'s main business activity is the
                  development of technology to enhance the performance and
                  security of wireless local area network technology. Under the
                  terms of the proposed transaction, we would issue 15,000,000
                  shares of common stock in exchange for all of the outstanding
                  shares of Cirond Networks Inc. As a result, the former
                  shareholders of Cirond Networks Inc. would own approximately
                  90% of the outstanding shares of us subsequent to the
                  transaction. Accordingly, if the transaction is consummated,
                  the business combination would be accounted for as a capital
                  transaction, as if Cirond had issued shares for consideration
                  equal to our net tangible assets followed by a
                  recapitalization of our common stock, as the former
                  shareholders of Cirond Networks Inc. will control us. The
                  proposed transaction is subject to completion of a formal
                  share exchange agreement as well as board of director and
                  shareholder approval.








                                       15

<PAGE>

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

                  A)       EXHIBITS

<TABLE>
<CAPTION>
REGULATION                                                                                        CONSECUTIVE
S-B NUMBER                   EXHIBIT                                                              PAGE NUMBER

<S>                 <C>                                                                               <C>

2.1                 Share Exchange Agreement between BCS Investment                                   N/A
                    Corporation and the shareholders of Autovenu, Inc., dated
                    September 25, 2000 (3)<F3>
2.2                 Agreement and Plan of Merger                                                       18
3.1                 Articles of Amendment to Articles of Incorporation(4)<F4>                         N/A
3.2                 Bylaws (1)<F1>                                                                    N/A
4.1                 Warrant Agent Agreement (1)<F1>                                                   N/A
4.2                 Specimen Class A Warrant Certificate (1)<F1>                                      N/A
4.3                 Specimen Class B Warrant Certificate (1)<F1>                                      N/A
4.4                 Stock Option Plan (2)<F2>                                                         N/A
10.1                Promissory Note dated July 24, 2000, and amended January 24,                      N/A
                    2001(4)<F4>
10.2                Real Estate Lease dated May 1, 2000(4)<F4>                                        N/A
10.3                Agreement with PublicCarAuctions.com Inc. dated July 25,                          N/A
                    2000(4)<F4>
10.4                Promissory Note dated December 25, 2001(5)<F5>                                    N/A
99.1                Reorganization and Stock Purchase Agreement(4)<F4>                                N/A

------------------------
<FN>
(1)<F1>  Incorporated by reference from the Registration Statement on Form 10-SB
         filed with the Securities and Exchange Commission on March 4, 1998.

(2)<F2>  Incorporated by referenced from the Annual Report on Form 10-KSB for
         the year ended December 31, 1999 filed on April 14, 2000.

(3)<F3>  Incorporated by referenced from the Current Report on Form-8-K filed on
         October 5, 2000.

(4)<F4>  Incorporated by reference from the Annual Report on Form 10-KSB for the
         year ended December 31, 2000 filed on April 2, 2001.

(5)<F5>  Incorporated by reference from the Annual Report on Form 10-KSB for the
         year ended December 31, 2001 filed on March 19, 2002.
</FN>
</TABLE>

                  B)       REPORTS ON FORM 8-K:  None.



                                       16

<PAGE>


                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                   CROSSNET COMMUNICATIONS, INC.
                                   (Registrant)



Date: May 7, 2002                  By:  /s/ Mark Moldenhauer
                                      ------------------------------------------
                                        Mark Moldenhauer, President
                                        (Principal Financial Officer)


                                       17