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: June 30, 2002

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

                         Commission file number 0-23871

                            CIROND TECHNOLOGIES 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.)

  5512 E. HASTINGS STREET, SUITE 202, BURNABY, BRITISH COLUMBIA V5B 1R3 CANADA
                    (Address of principal executive offices)

                                 (604) 205-5039
                           (Issuer's telephone number)

                          CROSSNET COMMUNICATIONS, INC.
     14500 NORTH NORTHSIGHT BOULEVARD, SUITE 213, SCOTTSDALE, ARIZONA 85260
                     (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:

             16,440,257 SHARES OF COMMON STOCK, NO PAR VALUE, AS OF
                                  JUNE 30, 2002

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


<PAGE>


                            CIROND TECHNOLOGIES INC.

                                      INDEX

PART I - FINANCIAL INFORMATION

  Item 1.  Financial Statements

           Consolidated Balance Sheets.........................................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..........................................................11


PART II - OTHER INFORMATION

  Item 1.  Legal Proceedings..................................................16

  Item 2.  Changes in Securities..............................................16

  Item 3.  Defaults Upon Senior Securities....................................16

  Item 4.  Submission of Matters to a Vote of Security Holders................16

  Item 5.  Other Information..................................................16

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


SIGNATURES....................................................................18




                                       2

<PAGE>









      Consolidated Financial Statements of

      CIROND TECHNOLOGIES INC. (FORMERLY CROSSNET COMMUNICATIONS INC.)

      (A Development Stage Enterprise)

      Six months ended June 30, 2002











                                       3

<PAGE>


CIROND TECHNOLOGIES INC. (formerly Crossnet Communications Inc.)
(A Development Stage Enterprise)
Consolidated Balance Sheets

$ United States

June 30, 2002 and December 31, 2001

<TABLE>
<CAPTION>
=============================================================================================================
                                                                  June 30, 2002               December 31,
                                                                   (unaudited)                     2001
-------------------------------------------------------------------------------------------------------------
<S>                                                               <C>                         <C>

ASSETS

Current assets:
   Cash                                                           $    142,539                $     1,434
   Prepaids and deposits                                                   429                        -
-------------------------------------------------------------------------------------------------------------
                                                                       142,968                      1,434

Fixed assets                                                            13,744                        -

-------------------------------------------------------------------------------------------------------------
                                                                  $    156,712                $     1,434
=============================================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current liabilities:
   Accounts payable and accrued liabilities                       $     35,481                $     5,466
   Note payable to stockholder (note 4)                                195,000                        -
-------------------------------------------------------------------------------------------------------------
                                                                       230,481                      5,466

Stockholders' deficiency:
   Capital stock:
    100,000,000 voting common shares, without par
                value authorized, 16,440,257 issued
                (December 31, 2001 - 14,341,667)                       300,373                      1,434
     10,000,000 non-voting preferred shares without par
                value, issuable in series authorized,
                nil issued

   Deficit accumulated during the development stage                   (374,142)                    (5,466)
-------------------------------------------------------------------------------------------------------------
                                                                       (73,769)                    (4,032)
Going concern (note 1)

-------------------------------------------------------------------------------------------------------------
                                                                  $    156,712                $     1,434
=============================================================================================================
</TABLE>


See accompanying notes to consolidated financial statements.


                                       4
<PAGE>


CIROND TECHNOLOGIES INC. (formerly Crossnet Communications Inc.)
(A Development Stage Enterprise)
Consolidated Statements of Loss

$ United States

(Unaudited)

<TABLE>
<CAPTION>
=======================================================================================================================
                                                   From inception               Six months          From inception
                                                   (March 7, 2001)                   ended          (March 7, 2001)
                                                      to June 30,                 June 30,              to June 30,
                                                             2002                     2002                     2001
-----------------------------------------------------------------------------------------------------------------------
<S>                                                <C>                      <C>                      <C>

Expenses (income):
   Amortization of fixed assets                    $        1,475           $        1,475           $         -
   Consulting fees                                         65,378                   65,378                     -
   Foreign currency gains                                  (6,407)                  (6,407)                    -
   Office and administrative                               14,699                   14,233                     466
   Professional fees                                       14,878                    9,878                     -
   Rent                                                     2,535                    2,535                     -
   Salaries and benefits                                   56,167                   56,167                     -
   Travel                                                   6,660                    6,660                     -
-----------------------------------------------------------------------------------------------------------------------
                                                          155,385                  149,919                     466

-----------------------------------------------------------------------------------------------------------------------
Loss                                               $     (155,385)          $     (149,919)          $        (466)
-----------------------------------------------------------------------------------------------------------------------

Weighted average number of common
   shares outstanding, basic and diluted               14,450,255               14,631,234              14,341,667

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




See accompanying notes to consolidated financial statements.




                                       5

<PAGE>


CIROND TECHNOLOGIES INC. (formerly Crossnet Communications Inc.)
(A Development Stage Enterprise)
Consolidated Statement of Stockholders' Deficiency and Comprehensive Loss

$ United States

(Unaudited)

From inception (March 7, 2001) to June 30, 2002


<TABLE>
<CAPTION>
==============================================================================================================================
                                                                                             Deficit
                                                                                         accumulated
                                                                                          during the               Total
                                                          Common Stock                   development       stockholders'
                                                   Shares              Amount                  stage          deficiency
------------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>             <C>                     <C>               <C>

Shares issued for cash
  on March 7, 2001                               14,341,667      $        1,434          $      -          $       1,434

Comprehensive loss:
  Loss                                                  -                   -                (5,466)              (5,466)
------------------------------------------------------------------------------------------------------------------------------
Balance,
  December 31, 2001                              14,341,667               1,434              (5,466)              (4,032)

Shares issued for cash from
   February 12 to March 25, 2002
   at $0.75 per share                               398,583             298,938                 -                298,938
------------------------------------------------------------------------------------------------------------------------------
                                                 14,740,250             300,372              (5,466)             294,906

Shares held by Cirond
  stockholders prior to
  recapitalization
  transaction (note 3)                            1,700,007                   1            (218,757)            (218,756)
------------------------------------------------------------------------------------------------------------------------------
                                                 16,440,257             300,373            (224,223)              76,150

Comprehensive loss:
  Loss                                                  -                   -              (149,919)            (149,919)
------------------------------------------------------------------------------------------------------------------------------
Balance,
  June 30, 2002                                  16,440,257      $      300,373          $ (374,142)       $     (73,769)
==============================================================================================================================
</TABLE>


See accompanying notes to consolidated financial statements.



                                       6

<PAGE>


CIROND TECHNOLOGIES INC. (formerly Crossnet Communictions Inc.)
(A Development Stage Enterprise)
Consolidated Statements of Cash Flows

$ United States

(Unaudited)

<TABLE>
<CAPTION>
============================================================================================================================
                                                         From inception               Six months        From inception
                                                         (March 7, 2001)                  ended,        (March 7, 2001)
                                                            to June 30,                 June 30,            to June 30,
                                                                   2002                     2002                   2001
----------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>                      <C>                    <C>

Cash provided by (used in):

Operations:
   Loss                                                  $     (155,385)          $     (149,919)        $         (466)
   Item not involving cash:
      Amortization of fixed assets                                1,475                    1,475                    -
   Changes in non-cash working capital:
      Prepaids and deposits                                        (429)                    (429)                   -
      Accounts payable and accrued liabilities                    9,181                    3,715                    466
----------------------------------------------------------------------------------------------------------------------------
                                                               (145,158)                (145,158)                   -
Financing:
   Common shares issued for cash                                300,372                  298,938                  1,434

Investing:
   Expenditures on fixed assets                                 (14,453)                 (14,453)                   -
   Cash acquired on recapitalization
     transaction (note 3)                                         1,778                    1,778                    -
----------------------------------------------------------------------------------------------------------------------------
                                                                (12,675)                 (12,675)                   -

----------------------------------------------------------------------------------------------------------------------------
Increase in cash                                                142,539                  141,105                  1,434

Cash, beginning of period                                           -                      1,434                    -

----------------------------------------------------------------------------------------------------------------------------
Cash, end of period                                      $      142,539           $      142,539         $        1,434
============================================================================================================================

Supplementary information:
  Interest paid                                          $          -             $          -           $          -
  Income taxes paid                                      $          -             $          -           $          -
============================================================================================================================

Non-cash financing activities:
  Common shares issued upon share
     exchange (note 3)                                   $            1           $            1         $          -
  Net liabilities assumed on recapitalization
      transaction (note 3)                               $     (220,534)          $     (220,534)        $          -
============================================================================================================================
</TABLE>


See accompanying notes to consolidated financial statements.




                                       7

<PAGE>


CIROND TECHNOLOGIES INC. (formerly Crossnet Communications Inc.)
(A Development Stage Enterprise)
Notes to Consolidated Financial Statements

$ United States

Six months ended June 30, 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 of $155,385 for the
      period from inception  (March 7, 2001) to June 30, 2002, and has a working
      capital  deficiency of $87,513 at June 30, 2002.  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.
      Management plans to rely on equity  financing from external  investors and
      to actively develop and market its wireless technology applications.

      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 plans will
      be  successful.  Failure to obtain  the  support  of  additional  external
      investors  to finance  the  development  and  marketing  of the  Company's
      wireless  technology  applications  will  cause  the  Company  to  curtail
      operations  and  impair  the  Company's  ability  to  continue  as a going
      concern.

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.

      Effective June 30, 2002, the Company  issued  14,740,250  common shares in
      consideration  for  100%  of  the  outstanding  common  shares  of  Cirond
      Networks,  Inc.  ("CNI").  As CNI  stockholders  obtained  control  of the
      Company  through the exchange of shares,  the  acquisition of CNI has been
      accounted   for  in  these   consolidated   financial   statements   as  a
      recapitalization transaction,  effectively as if CNI had issued shares for
      consideration equal to the net tangible assets of Crossnet  Communications
      Inc. followed by a recapitalization of its common shares.

      On June 30,  2002,  the name of the  Company  was  changed  from  Crossnet
      Communications Inc. to Cirond Technologies Inc. ("Cirond").




                                       8

<PAGE>


CIROND TECHNOLOGIES INC. (formerly Crossnet Communications Inc.)
(A Development Stage Enterprise)
Notes to Consolidated Financial Statements

$ United States

Six months ended June 30, 2002
(Unaudited)

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


2.    BASIS OF PRESENTATION (CONTINUED):

      The  consolidated  statements  of  loss,   stockholders'   deficiency  and
      comprehensive  loss and cash flows reflect the results of  operations  and
      changes  in   financial   position  of  CNI,   for  the  period  from  its
      incorporation  on March 7, 2001 to June 30, 2002,  combined  with those of
      the  legal  parent,   Cirond,   from  June  30,  2002,  the  date  of  the
      recapitalization,  in  accordance  with  accounting  principles  generally
      accepted in the United States of America.

      CNI's principle business  activities include the development and marketing
      of solutions for wireless  networking  designed to enhance the  usability,
      performance,  and security of 802.11b and 802.11a  (WiFi)  Wireless  Local
      Area Networks (WLAN). The Company is primarily  targeting  enterprises and
      institutional customers requiring the use of wireless networks.


3.    RECAPITALIZATION TRANSACTION:

      Effective  June  30,  2002,  CNI and  Cirond  executed  a  share  exchange
      agreement.  At June 30,  2002,  Cirond  was  essentially  a shell  company
      without substantive operations.  Just prior to the share exchange,  Cirond
      effected a 1:16.5  reverse  stock  split  reducing  the total  outstanding
      common  shares of the  Company  to  1,700,007.  The  Company  then  issued
      14,740,250  common shares to the stockholders of CNI in consideration  for
      all of the issued and outstanding common shares of CNI on the basis of one
      common share for every common share of CNI. As the former  stockholders of
      CNI  obtained  control of the  Company  through the share  exchange,  this
      transaction  has been  accounted  for in these  financial  statements as a
      recapitalization  transaction.  Under recapitalization  accounting, CNI is
      considered to have issued common shares for consideration equal to the net
      tangible assets of Cirond with the results of Cirond  operations  included
      in   the   consolidated    financial   statements   from   the   date   of
      recapitalization.

      Net deficiency assumed:
        Cash                                              $         1,778
        Fixed assets                                                  766
        Accounts payable and accrued liabilities                  (26,300)
        Note payable to stockholder                              (195,000)
      --------------------------------------------------------------------------
                                                                 (218,756)
      ==========================================================================

      Consideration given for net deficiency assumed:
        1,700,007 common shares issued                                 1
         Charge to deficit                                       (218,757)
      --------------------------------------------------------------------------
                                                          $      (218,756)
      ==========================================================================


                                       9
<PAGE>


CIROND TECHNOLOGIES INC. (formerly Crossnet Communications Inc.)
(A Development Stage Enterprise)
Notes to Consolidated Financial Statements

$ United States

Six months ended June 30, 2002
(Unaudited)

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


4.    NOTE PAYABLE TO STOCKHOLDER:

      The note is unsecured, due December 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)    $0.25 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  $17,550  (December  31, 2001 -
      $5,850),  is included in accounts  payable and accrued  liabilities in the
      accompanying consolidated balance sheet.



5.    RELATED PARTY TRANSACTIONS:

      The Company paid  $65,378  during the six months ended June 30, 2002 (from
      inception  on March  7,  2001 to June  30,  2001 - $nil) to a  shareholder
      ($25,070) and the Company's president ($40,308) for consulting services.

      The amounts were not subject to a written  agreement  but were incurred in
      the normal course of operations  and are recorded at the exchange  amount,
      which is the amount established and agreed to by the related parties.







                                       10

<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
Cirond Technologies Inc., formerly 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. As a result, we became a "shell" company actively seeking
merger and acquisition opportunities. Effective June 30, 2002, we acquired 100%
of the outstanding common shares of Cirond Networks, Inc., a Nevada corporation
("CNI"), pursuant to the terms of a Share Exchange Agreement dated May 15, 2002
(the "Share Exchange Agreement"). CNI is now our wholly-owned subsidiary. In
connection with the acquisition, we changed our name to "Cirond Technologies
Inc." and effected a 1-for-16.52481235 reverse stock split of the outstanding
shares of our common stock. We issued 14,740,250 (post-reverse split) shares of
our common stock to the shareholders of CNI. As the CNI shareholders obtained
control over the combined entity and we did not have an active business at the
date of the transaction, the acquisition of CNI has been accounted for as a
recapitalization transaction, effectively as if CNI had issued shares for
consideration equal to our net tangible assets, followed by a recapitalization
of its common shares.

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) demographic changes; (6) government
regulations particularly those related to telecommunications; (7) required
accounting changes; (8) disputes or claims regarding our proprietary rights to
our software and intellectual property; and (9) other factors over which we have
little or no control.



                                       11
<PAGE>


BASIS OF PRESENTATION

The acquisition of CNI has been accounted for as a capital transaction, as if
CNI had issued shares for consideration equal to the net tangible assets of
Crossnet Communications Inc. 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 CNI for the period from its inception (March 7,
2001) to June 30, 2002, combined with ours from the recapitalization date of
June 30, 2002.

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>
                                                                             DECEMBER 31,
                                                          JUNE 30, 2002         2001
<S>                                                       <C>                <C>
BALANCE SHEET DATA:
Current Assets....................................        $     142,968      $      1,434
Total Assets......................................        $     156,712      $      1,434
Current Liabilities...............................        $     230,481      $      5,466
Stockholders' Deficiency..........................        $     (73,769)     $     (4,032)
Working Capital Deficiency........................        $     (87,513)     $     (4,032)
</TABLE>

<TABLE>
<CAPTION>
                                          INCEPTION          SIX MONTHS          INCEPTION
                                       (MARCH 7, 2001)          ENDED         (MARCH 7, 2001)
                                      TO JUNE 30, 2002      JUNE 30, 2002    TO JUNE 30, 2001
<S>                                    <C>                <C>                <C>
STATEMENT OF LOSS DATA:
Revenues............................   $          --      $          --      $         --
Loss................................   $    (155,385)     $    (149,919)     $       (466)
Loss per share, basic and diluted...   $       (0.01)     $       (0.01)     $      (0.00)
</TABLE>

OVERVIEW

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.

                                       12

<PAGE>


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. controlled 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 this 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 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.

Effective June 30, 2002, we acquired 100% of the outstanding common shares of
Cirond Networks, Inc., a Nevada corporation ("CNI"), pursuant to the terms of a
Share Exchange Agreement dated May 15, 2002 (the "Share Exchange Agreement").
CNI is now our wholly-owned subsidiary. In connection with the acquisition, we
changed our name to "Cirond Technologies Inc." and effected a 1-for-16.52481235
reverse stock split of the outstanding shares of our common stock. We issued
14,740,250 (post-reverse split) shares of our common stock to the shareholders
of CNI. As the CNI shareholders obtained control, the acquisition of CNI has
been accounted for as a recapitalization transaction, effectively as if CNI had
issued shares for consideration equal to our net tangible assets.

We are in the development stage and have not yet generated any revenues. We had
a net loss of $155,385 from inception (March 7, 2001) through June 30, 2002, and
a stockholders' deficiency of $73,769 at June 30, 2002. We had a working capital
deficiency of $87,513 at June 30, 2002. These factors raise substantial doubt
about our ability to continue as a going concern. The


                                       13

<PAGE>


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 former majority shareholder and 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 activities with businesses that may have
applications directly related to the Internet. There can be no assurance that
such financing will be available or, if available, will be on economic terms.

REVENUES

We did not generate any operating revenues, and we do not expect to generate any
revenues during the current fiscal year, which ends December 31, 2002.

EXPENSES

We incurred expenses of $155,385 for the period from inception to June 30, 2002,
which included consulting fees $65,378, salaries and benefits $56,167,
professional fees $14,878, and office and administrative expenses $14,699. Our
expenses for the six months ended June 30, 2002 were $149,919, as compared to
$466 for the comparable period in 2001. This increase in expenses reflects the
fact that we did not commence active operations until 2002.

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 equity financing. For the period since inception, the
statement of cash flows reflects net cash used in operating activities of
$145,158 and cash used in investing activities of $12,675, which were offset by
net cash provided by financing activities of $300,372. At June 30, 2002, we had
cash of $142,539 and a working capital deficit of $87,513. A significant portion
of our liabilities consist of a note payable to stockholder in the amount of
$195,000. Since we had limited revenues, our cash will be depleted by operating
expenses and we will be dependent upon external sources of cash. Loss of
financial support from our former majority shareholder could cause us to curtail
our operations. Management believes we have sufficient working capital, or have
access to sufficient working capital through our former majority shareholder and
other investors, to fund operations for the next six months.

PLAN OF OPERATION

For the remainder of the current fiscal year, we expect to continue with our
research and development efforts on technologies designed to enhance the
performance and security of wireless networking technology. To fund such
research and development efforts, it will be necessary for us to raise
additional capital, primarily through the sale of equity securities. The amount
to be raised has not been determined at this time. We do not expect to purchase
any significant capital


                                       14
<PAGE>



assets or to make any significant changes in the number of employees for the
remainder of the current fiscal year.

CRITICAL ACCOUNTING POLICIES

This discussion and analysis of our financial condition and results of
operations, including the discussion on liquidity and capital resources, are
based upon our 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,
management re-evaluates its estimates and judgments. Actual results could differ
from the estimates. We believe the following critical accounting policy requires
significant judgment and estimates used in the preparation of the consolidated
financial statements.

The 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 were not to continue as a going concern,
we would have to curtail operations. As described elsewhere in this report, at
June 30, 2002, there are certain conditions that currently exist which raise
substantial doubt about the validity of this assumption. While we believe that
we will be able to maintain the support of our former majority shareholder,
there is no assurance that these plans will be successful. Failure to raise
additional funds may result in our curtailing operations or writing assets and
liabilities down to liquidation values, or both.





                                       15


<PAGE>


                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         Not Applicable.

ITEM 2.  CHANGES IN SECURITIES

         Effective June 30, 2002, we acquired 100% of the outstanding common
         shares of Cirond Networks, Inc., a Nevada corporation ("CNI"), pursuant
         to the terms of a Share Exchange Agreement dated May 15, 2002 (the
         "Share Exchange Agreement"). CNI is now our wholly-owned subsidiary. In
         connection with the acquisition, we effected a 1-for-16.52481235
         reverse stock split of the outstanding shares of our common stock. We
         issued 14,740,250 (post-reverse split) shares of our common stock to
         the 14 shareholders of CNI. We relied upon the exemption from
         registration contained in Section 4(2) of the Securities Act of 1933,
         as all of the shareholders were deemed to be sophisticated with respect
         to an investment in our common stock. No underwriters were used.

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

         Not Applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         A)   EXHIBITS

REGULATION                                                           CONSECUTIVE
S-B NUMBER                   EXHIBIT                                 PAGE NUMBER

   2.1       Share Exchange Agreement between BCS Investment             N/A
             Corporation and the shareholders of Autovenu, Inc.,
             dated September 25, 2000 (1)

   2.2       Agreement and Plan of Merger (2)                            N/A


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

   2.3       Share Exchange Agreement between Crossnet                    N/A
             Communications, Inc. and Cirond Networks, Inc.
             dated May 15, 2002 (3)

   3.1       Articles of Amendment to Articles of Incorporation (3)       N/A

   3.2       Bylaws (4)                                                   N/A

  10.1       Promissory Note dated December 25, 2001(5)                   N/A

------------------------
(1)  Incorporated by reference from the Current Report on Form-8-K dated and
     filed on October 5, 2000.

(2)  Incorporated by reference from the Quarterly Report on Form 10-QSB for the
     quarter ended March 31, 2002.

(3)  Incorporated by reference from the Current Report on Form 8-K dated June
     30, 2002 filed on July 1, 2002.

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

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

         B)   REPORTS ON FORM 8-K:  None.





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<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.

                                    CIROND TECHNOLOGIES INC.
                                    (Registrant)



Date: August 14, 2002               By:  /s/ NICHOLAS R. MILLER
                                       -----------------------------------------
                                          Nicholas R. Miller, President
                                          (Principal Financial Officer)











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