UNITED STATES 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,  2001

     [   ] Transition report  under  Section  13  or  15(d) of the Securities
           Exchange Act  of  1934

     For  the  transition  period  from  _________  to  _________

     Commission  File  No.  0-09489



                                  YOURNET, INC.
                 (Name of Small Business Issuer in Its Charter)

               NEVADA                                               88-0164955
(State  or  Other  Jurisdiction  of                               (IRS Employer
Incorporation  or  Organization)                                  Identification
                                                                      Number)

      900 12 CONCORDE PLACE
     TORONTO, ONTARIO, CANADA                                        M3C 3T1
(Address of Principal Executive Offices)                            (Zip Code)

                                  (416) 385-6901
                           (Issuer's Telephone Number)


     Check  whether  the  issuer  (1)  filed all reports required to be filed by
Section  12,  13  or 15(d) of the 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 [   ]


     As  of  April 30, 2001, the Company had 20,455,903 shares of its par value
$0.001  common  stock  issued  and  outstanding.


     Transitional  Small  Business  Disclosure  Format  (check  one):

Yes [   ]       No [ X ]

                                        1
<PAGE>

                                      INDEX


                         PART  I - FINANCIAL INFORMATION


Item  1.     Financial  Statements

     Consolidated  Balance  Sheet  at  March  31,  2001  and  December  31, 2000
      (Unaudited)

     Consolidated  Statements of Operations (Unaudited) Three months ended March
      31,  2001  and  2000

     Consolidated  Statements of Cash Flows (Unaudited) Three months ended March
      31,  2001  and  2000

     Notes  to  Consolidated  Financial  Statements  March  31, 2001 (Unaudited)

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

                           PART II. OTHER INFORMATION

Item  1.     Legal  Proceedings

Item  2.     Changes  in  Securities

Item  3.     Defaults  Upon  Senior  Securities

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

Item  5.     Other  Information

Item  6.     Exhibits  and  Reports  on  Form  8-K


                                        2
<PAGE>
                          PART I - FINANCIAL INFORMATION

ITEM  1  -  FINANCIAL  STATEMENTS


<TABLE>
<CAPTION>
                                  YOURNET, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          CONSOLIDATED BALANCE SHEET
                     March 31, 2001 and December 31, 2000


                                     ASSETS

                                                                   March 31, 2001         December 31, 2000
                                                                   (UNAUDITED)
<S>                                                                <C>                    <C>
   Total current assets                                            $      -               $       -

       LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY

Current Liabilities:
Accounts Payable and Accrued Expenses                              $  68,908              $   68,376
Due to Shareholder                                                    42,091                  41,427
                                                                     -------                 -------
    Total Current Liabilities                                        110,999                 109,803

Deficiency in Stockholders' Equity:
Common stock, par value, $0.001 per share; authorized,
  50,000,000 shares; 20,455,903 shares issued at
  March 31, 2001 and at December 31, 2000                             20,456                  20,456
Additional paid in capital                                         3,100,705               3,100,705
Deficiency in retained earnings                                  (3,232,160)             (3,230,964)
                                                                    -------                 --------
    Deficiency in stockholder's equity                             (110,999)               (109,803)
                                                                    --------                 --------
                                                                  $       -             $         -
                                                                    ========                ========

</TABLE>

        The accompanying notes are an integral part of these statements.


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                  YOURNET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                        CONSOLIDATED STATEMENTS OF LOSSES
               FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)


<S>                                                      <C>           <C>
                                                         2001          2000
                                                     ------------   ----------
Cost and expenses:

   General & Administrative Fees                     $     1,196    $   14,274
                                                     ------------   ----------

   Total operating expenses                                1,196        14,274
Loss from operations                                      (1,196)     (14,274)
Income (taxes) benefit                                         -             -
                                                     ------------   ----------
Net loss                                                  (1,196)     (14,274)
Loss per common share (basic and assuming dilution)  $     (0.00)   $  ( 0.00)
                                                     ============   ==========
Weighted average common shares outstanding             20,455,903   20,455,903

</TABLE>

        The accompanying notes are an integral part of these statements.


                                        4
<PAGE>

<TABLE>
<CAPTION>

                                  YOURNET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                      CONSOLIDATED STATEMENTS OF CASH FLOW
               FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)


<S>                                                            <C>         <C>

                                                               2001       2000
                                                            ---------  ---------
Cash flows from operating activities:
Net loss                                                    $ (1,196)  $(14,274)
Adjustments to reconcile net loss to
net cash provided by operating activities:
Changes in assets and liabilities:
     Increase in accounts payable                                 532        105
     Increase in prepaid expenses                                   -    (5,770)
                                                             ---------  --------
     Net cash (used) provided by operating activities             664   (19,939)
Cash flows from Financing activities:
     Advances from shareholder                                    664     19,939
                                                             ---------  --------
     Net cash (used) provided by financing activities             664     19,939
Net increase (decrease) in cash                                     -          -
     Cash - beginning of period                                     -         -
                                                             ---------  --------
     Cash - end of period                                    $      -   $     -
                                                             =========  ========


Supplemental Disclosures:

     Interest paid for the period                            $      -          -
     Income taxes paid for the period                               -          -


</TABLE>

        The accompanying notes are an integral part of these statements.


                                        5
<PAGE>

                                  YOURNET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2001
                                   (UNAUDITED)



NOTE  A-  SUMMARY  OF  ACCOUNTING  POLICIES

General

The  accompanying unaudited consolidated financial statements have been prepared
in  accordance  with  the  instructions  to  Form  10-QSB, and therefore, do not
include  all  the  information  necessary  for  a fair presentation of financial
position,  results  of  operations  and  cash flows in conformity with generally
accepted  accounting  principles.

In  the  opinion  of management, all adjustments (consisting of normal recurring
accruals)  considered  necessary  for  a  fair  presentation have been included.
Operating  results  for  the  three  month  period ended  March 31, 2001 are not
necessarily  indicative  of  the results that may be expected for the year ended
December  31,  2000.  The  unaudited condensed consolidated financial statements
should  be  read  in  conjunction with the consolidated financial statements and
footnotes  thereto  included  in  the  Company's December 31, 2000 annual report
included  in  SEC  Form  10-KSB.


Business  and  Basis  of  Presentation

Yournet,  Inc.,  formerly  Associated  Medical  Devices,  Inc.("Company"),  was
incorporated  under  the laws of the State of Nevada in March, 1980. The Company
was  formed to develop and market various medical devices. The Company's efforts
were  unsuccessful  and  the  Company  has  remained  dormant.

The  consolidated  financial statements include the accounts of the Company, and
its  wholly  owned  subsidiary,  Euro American Business Group, Inc.  Significant
intercompany  transactions  have  been  eliminated  in  consolidation.

                                        6
<PAGE>


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

     The  following  discussion contains certain forward-looking statements that
are  subject to business and economic risks and uncertainties, and the Company's
actual  results  could  differ materially from those forward-looking statements.
The  following  discussion  regarding  the  financial  statements of the Company
should  be  read in conjunction with the financial statements and notes thereto.

GENERAL  OVERVIEW

     The Company's three month period ending March 31, 2001 is not indicative of
the  Company's  current  business  plan  and operations.  During the fiscal year
periods  ending December 31, 1997, December 31, 1998, and December 31, 1999, the
Company  was  inactive  and  had  no  revenues.  After  the  Company's change in
management in January 2000, the Company's current business plan was implemented.
Therefore,  this Management's Discussion and Analysis will discuss the Company's
plans  for  the development and implementation of its proposed Internet business
under  the  heading,  Plan  of  Operation.

PLAN  OF  OPERATION

     The  Company  is  in the development phase of its business plan.  Under its
new  management,  the  Company's  mission  is  to  provide  the European Virtual
Internet  Service  Provider  ("VISP")  market  with  fast,  cost-effective  and
efficient  Internet access, while supplying Internet and e-commerce products and
services,  as  well  as  customer  support  services.  Presently  the company is
seeking  acquisition  targets  in  the  UK  and  Europe.  These  targets will be
integral  to  the  implementation  of the plan.  The Company projects that these
targets  will  form  the  base  from  which  the  Company  will  operate.

     The  Company  has  been  screening  targets  for  a number of months and is
nearing  the  selection  phase.  In  order  to  be  prepared  for  closing  on
acquisitions  the  Company  is  also  in negotiations with a number of financial
institutions  to  rise  financing.  The  Company  is  seeking  a  first round of
financing that will enable it to acquire, develop, and market the chosen targets
as  well as implement a UK-wide and Europe-wide marketing campaign and roll-out.
The  Company  has  targeted  USD  $10 million, as it's initial financing target.
There  can  be no assurances that the Company will be successful in reaching its
target.  Failure  to  meet  such  financing  requirements  may have a materially
adverse  effect  on  the  Company's  operations  and  financial  condition.

     The  Company  projects that its initial targets will be UK based.  Once the
targets have been integrated, the management of the Company will actively pursue
other  targets  throughout Europe.  The Company hopes to have by the end of year
2000, ISP services accessible across Europe.  In the pursuit of this growth, the
Company  foresees  its  operating expenses increasing dramatically.  Some of the
financing  will  be  used  to  cover  these  increases  in  expenses.

     The  Company  is  seeking  alliances  and strategic partners to allow it to
provide  value  added  services to their customers.  One of the primary areas of
focus will be telephony technology with the ultimate goal of providing free long
distance  calls throughout the EU (as well as local calls where applicable).  By
combining  ISP  services  with  Long Distance services the Company feels that it
will  be  able  to  successfully  implement  a  EU-wide marketing campaign.  The
Company  is  currently  in  negotiations with a number of telephony providers to
gain  exclusive  European  distribution  rights.  However,  there  can  be  no
assurances  that  the  Company  will  be  successful  in  its  negotiations.

     The  Company  plans  to  launch  a  marketing campaign in the UK, Spain and
France  by the end of August.  Part of the campaign will be the launching of the
Company's  new  web  site  providing  local,  regional  and  international news,
financial information and social events.  The campaign will also mark the launch
our  telephony  technology.  Failure  of the Company's marketing campaign in the
future  may  have  materially  adverse  effects  on  the  Company's  operations.

                                        7
<PAGE>
LIQUIDITY  AND  CAPITAL  RESOURCES

As  of  March  31,  2001  the  Company had no revenue and no assets. The Company
incurred  a  net  loss  of  $1,196 during the three month period ended March 31,
2001.  The Company's current liabilities exceeded its current assets by $110,999
as  of March 31, 2001. Failure of the Company to secure requisite financing when
needed  and  on favorable terms in the future may have a material adverse effect
of  the  Company's  results  of  operations. The Company has borrowed funds from
principal shareholders to satisfy certain obligations. The company's independent
certified  public  accountants  have  stated  in  their  report  included in the
Company's December 31, 2000 Form 10-KSB, that the Company has incurred operating
losses  in  the  last  two  years,  and  that  the  Company  is  dependent  upon
management's  ability  to  develop  profitable  operations.  These factors among
others  may raise substantial doubt about the Company's ability to continue as a
going  concern.



                           PART II - OTHER INFORMATION

Item  1.     Legal  Proceedings

There are no legal proceedings against the Company and the Company is unaware of
proceedings  contemplated  against  it.

Item  2.     Changes  in  Securities

     None.

Item  3.     Defaults  Upon  Senior  Securities

     None.

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

     No  matters  were  submitted  to  the  security  holders  for  a  vote.

Item  5.     Other  Information

     There  is no other information deemed material by management for disclosure
herein.

Item  6.     Exhibits  and  Reports  on  Form  8-K

     (a)     Exhibits

             None.

     (b)     Reports  on  Form  8-K

             None.

                                        8
<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.

                                   YOURNET,  INC.

Dated:  May  14,  2001             /s/  Robert Kubbernus
                                   By:  Robert Kubbernus
                                   Its:  President, Secretary and CFO