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: June 30, 2003
                                                ----------------

       [  ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                                  EXCHANGE ACT

                        For the transition period from to
                         Commission file number 0-17304

                              CNH HOLDINGS COMPANY
    ------------------------------------------------------------------------
                     (Exact name of small business issuer as
                            specified in its charter)

                     Nevada                           11-2867201
--------------------------------------------------------------------------------
             (State or other jurisdiction            (IRS Employer
         of incorporation or organization)         Identification No.)

                 17304 Preston Road, Suite 975, Dallas, TX 75252
    -------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (972) 381-4699
                            Issuer's telephone number


     (Former name,  former address and former fiscal year, if changed since last
report.)

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares  outstanding of each of the issuer's  classes of
common  equity,  as of the  latest  practical  date:  June  30,  2003  4,001,175

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


<PAGE>

                                     PART I

Item 1.  Financial Statements

                         INDEPENDENT ACCOUNTANT'S REPORT

To the Board of Directors and Shareholders
CNH Holdings Company and Subsidiary

(A Development Stage Company)

         We have reviewed the  accompanying  consolidated  balance sheets of CNH
Holdings  Company and  Subsidiary (a  development  stage company) as of June 30,
2003 and the related  consolidated  statements of operations  and cash flows for
the three  months  ended June 30, 2003 and 2002.  These  consolidated  financial
statements are the responsibility of the Company's management.

         We conducted our review in accordance with standards established by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statement taken as a whole.
Accordingly, we do not express such an opinion.

         Based on our  review,  we are not aware of any  material  modifications
that should be made to the accompanying  consolidated  financial  statements for
them to be in conformity with accounting  principles  generally  accepted in the
United States of America.

         We have  previously  audited,  in accordance  with  auditing  standards
generally  accepted in the United  States of America,  the balance  sheet of CNH
Holdings Company as of March 31,2003,  and the related statements of operations,
cash  flows,  and  stockholders'  equity for the year then ended (not  presented
herein);  and in our report  dated June 30, 2003,  we  expressed an  unqualified
opinion on those financial statements. In our opinion, the information set forth
in the accompanying balance sheet as of March 31, 2003, is fairly stated, in all
material  respects,  in  relation  to the  balance  sheet from which it has been
derived.

         Note 3 of the Company's  audited  financial  statements as of March 31,
2003,  and for the year then  ended  discloses  that the  Company  has  suffered
recurring  losses from  operations and has no  established  source of revenue at
March 31, 2003. Our auditors' report on those financial  statements  includes an
explanatory  paragraph  referring  to the  matter  in Note 3 of those  financial
statements and indicating that these matters raised  substantial doubt about the
Company's ability to continue as a going concern.  As indicated in Note 1 of the
Company's  unaudited interim  consolidated  financial  statements as of June 30,
2003,  and for the three months then ended,  the Company has continued to suffer
recurring losses from operations and still has no established  source of revenue
at June 30, 2003. The accompanying interim consolidated  financial statements do
not  include  any  adjustments  that  might  result  from  the  outcome  of this
uncertainty.


<PAGE>


                                                   Respectfully submitted,



                                                    /s/ Robison, Hill & Co.
                                                    Certified Public Accountants

Salt Lake City, Utah
August 14, 2003


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

                                                                                  (Unaudited)
                                                                                  June 30,           March 31,
                                                                                    2003                2003
                                                                             ------------------  ------------------
Current Assets:
<S>                                                                          <C>                 <C>
   Cash                                                                      $              146  $                -
   Accounts Receivable                                                                      145                   -
   Inventory                                                                              1,115                   -
                                                                             ------------------  ------------------

   Total Current Assets                                                                   1,406                   -
                                                                             ------------------  ------------------

Fixed Assets:
   Computer Equipment                                                                     4,411                   -
   Less Accumulated Depreciation                                                            (74)                  -
                                                                             ------------------  ------------------

   Net Fixed Assets                                                                       4,337                   -
                                                                             ------------------  ------------------

Intangible Assets:
   Licensing Rights                                                                     375,500                   -
   Less Amortization                                                                     (4,303)                  -
                                                                             ------------------  ------------------

   Net Intangible Assets                                                                371,197                   -
                                                                             ------------------  ------------------

   Total Assets                                                              $          376,940  $                -
                                                                             ==================  ==================

Liabilities:
  Accounts Payable                                                           $           11,251  $            4,166
  Shareholder Loan                                                                       11,249               6,454
                                                                             ------------------  ------------------

  Total Liabilities                                                                      22,500              10,620
                                                                             ------------------  ------------------

Stockholders' Equity:
  Common Stock, Par value $.001
     Authorized 10,000,000 shares,
     Issued 4,001,175 shares at June 30, 2003 and
     Issued 1,561,177 shares at March 31, 2003                                            4,001               1,561
  Paid-In Capital                                                                       580,846             207,786
  Retained Deficit                                                                         (400)               (400)
  Deficit Accumulated During the Development Stage                                     (230,007)           (219,567)
                                                                             ------------------  ------------------

     Total Stockholders' Equity                                                         354,440             (10,620)
                                                                             ------------------  ------------------

     Total Liabilities and
       Stockholders' Equity                                                  $          376,940  $                   -
                                                                             ==================  ==================
</TABLE>


                 See accompanying notes and accountants' report.


<PAGE>



                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                                                                 Cumulative
                                                                                                since January
                                                                                                   1, 1992
                                                                 (Unaudited)                      Inception
                                                          For the Three Months Ended                 of
                                                                   June 30,                      Development
                                                    --------------------------------------
                                                           2003                2002                 Stage
                                                    ------------------   -----------------    -----------------
<S>                                                 <C>                 <C>                   <C>
Revenues:                                           $                -  $                -    $               -

Expenses:
     General and Administrative                                 10,440                 242              230,007
                                                    ------------------   -----------------    -----------------

     Net Loss                                       $          (10,440)  $            (242)   $        (230,007)
                                                    ==================   =================    =================

Basic & Diluted loss per share                      $                -   $               -
                                                    ==================   =================
</TABLE>



























                 See accompanying notes and accountants' report.


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                                                     Cumulative
                                                                                                   since January
                                                                                                      1, 1992
                                                                       (Unaudited)
                                                               For the Three Months Ended           Inception of
                                                                        June 30,                    Development
                                                          -------------------------------------
                                                                2003                2002               Stage
                                                          -----------------  ------------------  ------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                       <C>                <C>                 <C>
Net Loss                                                  $         (10,440) $             (242) $         (230,007)
Common Stock Issued for Services                                          -                   -              79,947
Depreciation & Amortization                                           4,377                   -               4,377
(Increase) Decrease in Accounts Receivable                             (145)                  -                (145)
(Increase) Decrease in Inventory                                     (1,115)                  -              (1,115)
Increase (Decrease) in Accounts Payable                               7,085                   -              11,251
                                                          -----------------  ------------------  ------------------
  Net Cash Used in Operating Activities                                (238)               (242)           (135,692)
                                                          -----------------  ------------------  ------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchase of Equipment                                                (4,411)                  -              (4,411)
                                                          -----------------  ------------------  ------------------
  Net cash provided by Investing Activities                          (4,411)                  -              (4,411)
                                                          -----------------  ------------------  ------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Sale of Common Stock                                                      -                   -             129,000
Shareholder Loan                                                      4,795                 242              11,249
                                                          -----------------  ------------------  ------------------
Net Cash Provided by Financing Activities                             4,795                 242             140,249
                                                          -----------------  ------------------  ------------------

Net (Decrease) Increase in
  Cash and Cash Equivalents                                             146                   -                 146
Cash and Cash Equivalents
  at Beginning of Period                                                  -                   -                   -
                                                          -----------------  ------------------  ------------------
Cash and Cash Equivalents
  at End of Period                                        $             146  $                -  $              146
                                                          =================  ==================  ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest                                                $               -  $                -  $                -
  Franchise and income taxes                              $               -  $                -  $              500

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES:

Common Stock Exchanged for Licensing
Rights                                                    $         375,500  $                -  $          375,500
</TABLE>

                 See accompanying notes and accountants' report.


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED JUNE 30, 2003

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN

         The accompanying  financial  statements have been prepared on the basis
of accounting principles applicable to a "going concern",  which assume that the
Company  will  continue in  operation  for at least one year and will be able to
realize  its assets  and  discharge  its  liabilities  in the  normal  course of
operations.

         Several conditions and events cast doubt about the Company's ability to
continue as a "going  concern".  The Company has  incurred  recurring  losses of
approximately  $10,000  for the  three  months  ended  June 30,  2003 and has an
accumulated  deficit of $220,000 since the inception of the development stage on
January 1, 1992, and has a liquidity  problem.  Subsequent to June 30, 2003, the
Company has  generated  revenues,  which  Management  believes  will finance its
business  activities  on an on going  basis.  The Company is  actively  pursuing
alternative financing for expansion of its business on a national scale, and has
had discussions  with various third parties,  although no firm  commitments have
been obtained.

         These  financial  statements do not reflect  adjustments  that would be
necessary  if the Company  were unable to continue as a "going  concern".  While
management believes that the actions already taken or planned, will mitigate the
adverse conditions and events which raise doubt about the validity of the "going
concern" assumption used in preparing these financial  statements,  there can be
no assurance that these actions will be successful.

         If the  Company  were unable to  continue  as a "going  concern",  then
substantial adjustments would be necessary to the carrying values of assets, the
reported amounts of its liabilities, the reported revenues and expenses, and the
balance sheet classifications used.

Interim Reporting

         The unaudited  financial  statements  as of June 30, 2003,  and for the
three  month  period  then ended  reflect,  in the  opinion of  management,  all
adjustments  (which  include  only normal  recurring  adjustments)  necessary to
fairly  state the  financial  position and results of  operations  for the three
months.  Operating results for interim periods are not necessarily indicative of
the results which can be expected for full years.

Organization and Basis of Presentation

         I.S.B.C.  Corp.  was  incorporated  in Delaware on April 15,  1987.  On
January 29, 1988, I.S.B.C. Corp. completed a public offering of 800,000 units at
a price of $.50 per unit,  consisting  of one  share of  common  stock and three
redeemable warrants. All unexercised warrants have now expired.

         On June 27, 1988,  I.S.B.C.  Corp.  exchanged  21,000,000 shares of its
common stock for all of the outstanding  shares of Coral Group, Inc.  Subsequent
to the exchange of stock,  I.S.B.C.  Corp.  changed its name to Coral Companies,
Inc.  Coral  Group,  Inc. was  incorporated  on March 12,  1984,  and  commenced
operations  in November  1984.  Coral  Group,  Inc.'s  primary  business was the
marketing of computer  hardware and  software,  as well as providing  consulting
services, installation



<PAGE>


                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED JUNE 30, 2003
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(Continued)

Organization and Basis of Presentation (Continued)

support, training programs and software maintenance for its customers. Since the
shareholders of Coral Group,  Inc. owned  approximately  85% of Coral Companies,
Inc., immediately after the exchange, the stock exchanges was accounted for as a
reverse  acquisition of Coral Companies,  Inc. by Coral Group, Inc. The Company,
subsequent  to the  acquisition  of the  Coral  Group,  changed  its name to CNH
Holdings Company and changed its domicile to Nevada.

         The Company previously had outstanding a class of preferred stock which
was entitled to one vote per share,  was not  entitled to receive any  dividends
that may have been declared and had a liquidation  preference of $.02 per share.
The  preferred  stock  was  previously   converted  to  common  stock,  and  the
liquidation preference of $220,000 was reclassified from preferred stockholders'
equity to common stockholders' equity.

         On May 30,  1996,  the Company  effected a reverse 1 for 1,000  capital
share split. Concurrently,  the authorized number of common shares was increased
to 10,000,000,  $.001 par value per share and 1,000,000  preferred shares,  $.01
par value. After the split, there were 400,000 common shares outstanding.

         On  December  9,  1997,  the  Company  entered  into  a  reorganization
agreement  (DRC  Reorganization  Agreement)  with  GNC  Corporation,   a  Nevada
corporation  (GNC),  and the sole  shareholder  of GNC, that being DRC,  Inc., a
Nevada  corporation (DRC) pursuant to which the Company agreed to acquire all of
the outstanding proprietary interest of GNC in a share-for-share  exchange which
subsequently  resulted in GNC becoming a wholly-owned  subsidiary of the Company
and DRC  acquiring  control of the  company  through  its share  ownership.  The
acquisition  was  rescinded  due to the  failure of GNC and DRC to  deliver  the
required financial statements.

         On June 15, 1998, the Company  acquired  Southport  Environmental  in a
share for share exchange, which resulted in the Company issuing 6,000,000 common
shares and 200,000 preferred shares. Concurrent with the acquisition there was a
change  in  control  and  management  of  the  company.   This  acquisition  was
subsequently  rescinded  on June 27,  2000,  by the  Federal  District  Court in
Houston,  Texas. The Court formally  rescinded the SEDI acquisition,  as well as
another  acquisition and the formation of a subsidiary,  all of which reportedly
took place in fiscal 2000. The Court also rescinded all actions of the board and
executive  officers of the Company from June 14, 1998,  through  April 19, 2000,
and put the Company in the position  which it occupied at June 14,  1998,  as if
none of the actions  which had  occurred  since that time had  transpired.  As a
result,  the Company had no assets and no  liabilities  at March 31,  2000.  The
Court also  required the return of 6,711,501  shares of common stock to treasury
by affiliates of SEDI, including 5,020,000 issued in the SEDI acquisition.

         Since January 1, 1992 the Company is in the development  stage, and has
not commenced planned principal operations.


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED JUNE 30, 2003
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Principles of Consolidation

         The  consolidated  financial  statements  include  the  accounts of CNH
Holdings Company, a Nevada  corporation and its wholly-owned  subsidiary Corvero
Networks, Inc. a Florida corporation.

         The results of subsidiaries  acquired during the year are  consolidated
from their effective dates of acquisition.

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

Nature of Business

         The  Company has no  products  or  services  as of June 30,  2003.  The
Company was organized as a vehicle to seek merger or acquisition candidates. The
Company intends to acquire interests in various business opportunities, which in
the opinion of management will provide a profit to the Company.

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Depreciation and Amortization

         Fixed   assets  are  recorded  at  cost  and   depreciated   using  the
straight-line  method over the estimated  useful lives of the assets which range
from three to seven years.  Fixed assets  consisted of the following at June 30,
2003:

Computer Equipment                                            $           4,411
Less accumulated depreciation                                               (74)
                                                              -----------------

Total                                                         $           4,337
                                                              =================

         Maintenance  and  repairs are charged to  operations;  betterments  are
capitalized.  The  cost  of  property  sold  or  otherwise  disposed  of and the
accumulated  depreciation  thereon are eliminated  from the property and related
accumulated depreciation accounts, and any resulting gain or loss is credited or
charged to income.

         Total  depreciation  expense for the six months ended June 30, 2003 was
$74.


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED JUNE 30, 2003
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Depreciation and Amortization (Continued)

         The Company has adopted the Financial  Accounting  Standards Board SFAS
No., 142, "Goodwill and Other Intangible Assets." SFAS 142 requires, among other
things,  that companies no longer amortize  goodwill,  but instead test goodwill
for  impairment  at least  annually.  In addition,  SFAS 142  requires  that the
Company identify reporting units for the purposes of assessing  potential future
impairments of goodwill,  reassess the useful lives of other existing recognized
intangible   assets,  and  cease  amortization  of  intangible  assets  with  an
indefinite  useful life.  An  intangible  asset with an  indefinite  useful life
should be tested for impairment in accordance with the guidance in SFAS 142.

         Intangible Assets consisted of the following at June 30, 2003:

              Intangible Asset        Amortization          Amortization Period
Licensing Rights                 $         375,500             20 Years
Less accumulated amortization               (4,303)
                                 -----------------

Total                            $         371,197
                                 =================

         Total  amortization  expense for the six months ended June 30, 2003 was
$4,303.

         The estimated amortization for the next five years is as follows:

2003                                         $            17,210
2004                                                      18,775
2005                                                      18,775
2006                                                      18,775
2007                                                      18,775
                                             -------------------
Total                                        $            92,310
                                             ===================

Pervasiveness of Estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED JUNE 30, 2003
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(Continued)

Loss per Share

         The  reconciliations  of the numerators and  denominators  of the basic
loss per share computations are as follows:
<TABLE>
<CAPTION>
                                                                                                     Per-Share
                                                              Income              Shares               Amount
                                                           (Numerator)         (Denominator)

                                                                 For the Three Months Ended June 30, 2003

Basic Loss per Share
<S>                                                     <C>                           <C>        <C>
Loss to common shareholders                             $          (10,440)           4,001,175  $                -
                                                        ==================  ===================  ==================

                                                                 For the Three Months Ended June 30, 2002

Basic Loss per Share
Loss to common shareholders                             $             (242)           1,561,177  $                -
                                                        ==================  ===================  ==================
</TABLE>

         The  effect  of   outstanding   common  stock   equivalents   would  be
anti-dilutive for June 30, 2003 and 2002 and are thus not considered.

Concentration of Credit Risk

         The  Company has no  significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.

Reclassification

         Certain   reclassifications  have  been  made  in  the  2002  financial
statements to conform with the June 30, 2003 presentation.

NOTE 2 - INCOME TAXES

         As of June 30, 2003, the Company had a net operating loss  carryforward
for income tax reporting  purposes of approximately  $230,000 that may be offset
against future taxable income through 2022. Current tax laws limit the amount of
loss  available to be offset  against  future  taxable income when a substantial
change in ownership  occurs.  Therefore,  the amount  available to offset future
taxable income may be limited. No tax benefit has been reported in the financial
statements,  because the Company  believes  there is a 50% or greater chance the
carry-forwards  will expire unused.  Accordingly,  the potential tax benefits of
the loss carry-forwards are offset by a valuation allowance of the same amount.


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED JUNE 30, 2003
                                   (Continued)

NOTE 3 - COMMITMENTS

         As of June 30, 2003,  all activities of the Company have been conducted
by corporate  officers from either their homes or business  offices.  Currently,
there  are no  outstanding  debts  owed by the  company  for  the  use of  these
facilities and there are no commitments for future use of the facilities.

NOTE 4 - STOCK SPLIT

         On March 31, 2003,  the Board of  Directors  declared a 10 to 1 reverse
stock split of the Company's common stock. As a result of the split,  14,050,597
shares were canceled. All references in the accompanying financial statements to
the number of common  shares and per share  amounts  for 2003 and 2002 have been
restated to reflect the reverse stock split.

NOTE 5 - ACQUISITIONS

         On May 5, 2003,  Corvero  Networks,  Inc., a Florida  corporation,  was
formed by CNH Holdings  Company as a wholly-owned  subsidiary to acquire the use
of certain  technology known as the XBridge  Technology.  This technology has as
its principal  component the Corvero Convergence  Platform.  The acquisition was
accomplished by entering into a license agreement with XBridge Software, Inc., a
Texas corporation.

         The License  Agreement  was entered on May 5, 2003.  This  agreement is
principally  between  Corvero and  XBridge,  although  CNH Holdings was party to
certain  provisions.  The License  Agreement  resulted in XBridge  licensing  to
Corvero all of XBridge's right, title, and interest in and to a software program
(and  concomitant  hardware  platforms)  which had been developed by XBridge and
which were,  collectively  known as the "XBridge  Technology."  This  technology
principally allows for the development,  implementation and commercialization of
XML  integration  solutions  in the EBI and IP Telephony  markets.  CNH Holdings
subsequently issued 2,000,000 "restricted" common shares of its stock to XBridge
as a licensing fee.

NOTE 6 - LEGAL PROCEEDINGS

         On May 1, 2003,  the  Company  was sued by  Regions  Bank in the United
State District Court for the Southern District of Texas (Houston Division,  Case
No. H-03-1469). The complaint has not yet been served on the Company; therefore,
the case has not  actually  commenced  and no  answer is yet due,  although  the
Company,  if  required  to answer  after  service,  will  defend  the  complaint
vigorously as the Company feels there is no merit to the allegations.

         The Complaint seeks a declaratory  judgement and related 140,000 shares
previously  held by Messrs.  Larry Tate and Gerry  Pybas,  former  officers  and
directors of the Company.  These shares were the subject of a final judgement in
a case  between the  Company  and these  individuals,  among  others,  which was
resolved on June 28, 2000.  In the final order in the matter,  Messrs.  Tate and
Pybas  agreed  to  surrender  their  shares to the  Company  for  retirement  to
treasury. They, however, did not do so and on or about March 19, 2002, attempted
to sell their shares into the market. The


<PAGE>

                       CNH HOLDINGS COMPANY AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED JUNE 30, 2003
                                   (Continued)

NOTE 6 - LEGAL PROCEEDINGS (Continued)

shares were  restricted  and on surrender to the transfer  agent for the Company
were  subject to the order and  returned  to  treasury  in  accordance  with the
Court's  instructions.  The  plaintiff  in the  pending  case  claims  to have a
security  interest  in the shares and is seeking a judgement  declaring  140,000
shares surrendered to treasury be reissued to it.

NOTE 7- SUBSEQUENT EVENTS

         In July,  2003, CNH Holdings  Company executed an agreement with Milkie
Ferguson,  a Dallas  investment  banking firm, to conduct a private placement of
CNH Holdings Company equity.

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

         This  Quarterly  Report  contains  certain  forward-looking  statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section  21E of the  Securities  Exchange  Act of 1934,  as  amended,  which are
intended  to be covered  by the safe  harbors  created  thereby.  Investors  are
cautioned that all  forward-looking  statements  involve risks and  uncertainty,
including  without  limitation,  the  ability  of the  Company to  continue  its
expansion  strategy,  changes in costs of raw  materials,  labor,  and  employee
benefits,  as  well as  general  market  conditions,  competition  and  pricing.
Although   the   Company   believes   that  the   assumptions   underlying   the
forward-looking   statements  contained  herein  are  reasonable,   any  of  the
assumptions could be inaccurate,  and therefore,  there can be no assurance that
the  forward-looking  statements included in this Quarterly Report will prove to
be accurate. In light of the significant  uncertainties inherent in the forward-
looking statements included herein, the inclusion of such information should not
be  regarded  as a  presentation  by the  Company or any other  person  that the
objectives and plans of the Company will be achieved.

         CNH  Holdings  Company,  a  Nevada   corporation  (the  Company),   was
incorporated in Delaware on April 15, 1987, under the name of I.S.B.C. Corp. The
Company subsequently changed its name to Coral Companies,  Inc., and then to CNH
Holdings Company.  Domicile was changed to Nevada in 1997. The Company conducted
an initial public and secondary offerings during the 1980s.

         On June 15, 1998,  the Company  acquired  Southport  Environmental  and
Development,  Inc. This  acquisition,  however,  was  subsequently  rescinded by
agreement  between the parties and made a formal order of court  effective April
19, 2000.  This order put the Company in the position  which it occupied at June
14, 1998,  as if none of the actions  which had  occurred  from that time to the
date of rescission had transpired.

         On May 5, 2003,  Corvero  Networks,  Inc., a Florida  corporation,  was
formed by CNH Holdings  Company as a wholly-owned  subsidiary to acquire the use
of certain  technology known as the XBridge  Technology.  This technology has as
its principal  component the Corvero Convergence  Platform.  The acquisition was
accomplished by entering into a license agreement with XBridge Software, Inc., a
Texas corporation.


<PAGE>



         The License  Agreement  was entered on May 5, 2003.  This  agreement is
principally  between  Corvero and  XBridge,  although  CNH Holdings was party to
certain  provisions.  The License  Agreement  resulted in XBridge  licensing  to
Corvero all of XBridge's right, title, and interest in and to a software program
(and  concomitant  hardware  platforms)  which had been developed by XBridge and
which were,  collectively  known as the "XBridge  Technology."  This  technology
principally allows for the development,  implementation and commercialization of
XML  integration  solutions  in the EBI and IP Telephony  markets.  CNH Holdings
subsequently issued 2,000,000 "restricted" common shares of its stock to XBridge
as a licensing fee.

         Corvero Networks, Inc. formally initiated operations May, 2003, and has
quickly  built a client  pipeline  approaching  $500,000 by mid August.  Corvero
began  recognizing  client revenues from the sale of our convergence  server and
integrated application suite in July, 2003 and we are on track to meet or exceed
Corvero's  internal  revenue  and sales  goals for the 2nd  quarter  of the 2003
fiscal year.

         Since June, 2003, Corvero has formally executed two reseller agreements
with premier Cisco VAR partners and we anticipate  having several more completed
by the end of August,  2003.  Corvero's  reseller  partner  program,  officially
launched in June,  continues to generate a high level of interest and enthusiasm
in the VAR community and we have expanded our internal  sales and marketing team
to meet the increased demand.

         In July,  2003, CNH Holdings  Company executed an agreement with Milkie
Ferguson,  a Dallas  investment  banking firm, to conduct a private placement of
CNH Holdings Company equity. Upon completion, this private placement is expected
to net  approximately  $4,000,000  to  $5,000,000  in new growth  capital of CNH
Holdings  Company.  The funds raised by this  placement will be used to continue
our investment into new IP Telephony  technology  offerings and to build out the
internal  infrastructure  necessary to support the projected growth of Corvero's
operations  over the next  12-18  months.  There  can be no  assurance  that the
Company will be able to complete the private placement.

Results of Operations

         The Company had no revenues,  operating or otherwise, from 1991 through
the  fiscal  year  ended  March  31,  2003,  nor  through  the  current  period.
Correspondingly, all expenses during these periods were administrative in nature
and immaterial in amount.

Capital Resources and Liquidity

         The  Company had no  liquidity  sources  from  fiscal 1990  through the
fiscal year ended March 31, 2003, nor through the current period, other than the
extension of credit from officers,  directors and creditors. In order to advance
its current  business  plan,  management is attempting to raise private  venture
capital. There are no commitments for such at present;  however,  management has
been  discussion  with one  investment  banking  firm for the purpose of raising
private investment capital. No commitment has yet been received.

Item 3.  Controls and Procedures

         The Company's Chief Executive  Officer and Chief Financial Officer have
concluded,  based on an evaluation  conducted within 90 days prior to the filing
date of this  Quarterly  Report on Form 10-QSB,  that the  Company's  disclosure
controls and  procedures  have  functioned  effectively  so as to provide  those
officers the information necessary to evaluate whether:


<PAGE>



         (i) this Quarterly  Report on Form 10-QSB contains any untrue statement
         of a material fact or omits to state a material fact  necessary to make
         the  statements  made, in light of the  circumstances  under which such
         statements were made, not misleading with respect to the period covered
         by this Quarterly Report on Form 10-QSB, and

         (ii) the financial statements, and other financial information included
         in this Quarterly Report on Form 10-QSB, fairly present in all material
         respects the financial condition,  results of operations and cash flows
         of the Company as of, and for, the periods  presented in this Quarterly
         Report on Form 10-QSB.

         There  have  been no  significant  changes  in the  Company's  internal
controls or in other factors since the date of the Chief Executive Officer's and
Chief  Financial  Officer's  evaluation  that could  significantly  affect these
internal  controls,  including any corrective actions with regard to significant
deficiencies and material weaknesses.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         On May 1, 2003,  the  Company  was sued by  Regions  Bank in the United
State District Court for the Southern District of Texas (Houston Division,  Case
No. H-03-1469). The complaint has not yet been served on the Company; therefore,
the case has not  actually  commenced  and no  answer is yet due,  although  the
Company,  if  required  to answer  after  service,  will  defend  the  complaint
vigorously as the Company feels there is no merit to the allegations.

         The Complaint seeks a declaratory  judgement and related 140,000 shares
previously  held by Messrs.  Larry Tate and Gerry  Pybas,  former  officers  and
directors of the Company.  These shares were the subject of a final judgement in
a case  between the  Company  and these  individuals,  among  others,  which was
resolved on June 28, 2000.  In the final order in the matter,  Messrs.  Tate and
Pybas  agreed  to  surrender  their  shares to the  Company  for  retirement  to
treasury. They, however, did not do so and on or about March 19, 2002, attempted
to sell  their  shares  into the  market.  The  shares  were  restricted  and on
surrender  to the  transfer  agent for the Company were subject to the order and
returned to treasury in accordance with the Court's instructions.  The plaintiff
in the  pending  case  claims to have a security  interest  in the shares and is
seeking a judgement declaring 140,000 shares surrendered to treasury be reissued
to it.

ITEM 2.  CHANGES IN SECURITIES

         On June 3, 2003, CNH Holdings  Company issued  2,000,000  shares of its
"restricted"common  stock to XBridge  Software,  Inc. in exchange for  exclusive
rights to the XBridge Technology.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None/Not Applicable.

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

None/Not Applicable.


<PAGE>



ITEM 5.  OTHER INFORMATION

None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      EXHIBITS

         The  following  documents  are filed  herewith or have been included as
         exhibits to previous  filings with the Commission and are  incorporated
         herein by this reference:

         Exhibit  No. Exhibit

         *3       Articles of Incorporation

         *3.2     Bylaws

         *3.1     Amended Articles of Incorporation

         31.1     Certification  Pursuant to Section  302 of the  Sarbanes-Oxley
                  Act of 2002

         31.2     Certification  Pursuant to Section  302 of the  Sarbanes-Oxley
                  Act of 2002

         32.1     Certification  Pursuant to Section  302 of the  Sarbanes-Oxley
                  Act of 2002

         32.2     Certification  Pursuant to Section  302 of the  Sarbanes-Oxley
                  Act of 2002

         10.1     License Agreement

(b)      Reports  on Form 8-K.  No  reports  on Form 8-K were  filed  during the
         period covered by this Form 10-QSB.

*        Incorporated  herein  by  reference  from  Registrant's  Form  10SB12G,
         Registration Statement, dated February 16, 2000.


<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.

CNH Holdings Company

Registrant

DATE:August 14, 2003

By: /s/ Jim Miller
Jim Miller, Chief Executive Officer

By: /s/ Lisa Anderson
Lisa Anderson, Chief Financial and
    Accounting Officer