U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                   FORM 10-KSB

(Mark One)
[ ]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
     1934

[X]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the transition period from April 1, 2001 to December 31, 2001

                     Commission File Number: 000-30829

                              Muller Media, Inc.
                  --------------------------------------------
                 (Name of small business issuer in its charter)

           Nevada                                              88-0430189
-------------------------------                              --------------
(State or other jurisdiction of                              (IRS Employer
incorporation  or  organization)                             Identification
No.)

  11 East 47th Street, Third Floor, New York, New York           10017
  ----------------------------------------------------         ----------
       (Address of principal executive offices)                (Zip Code)


                               (212) 317-0175
                        ---------------------------
                        (Issuer's telephone number)

Securities registered under Section 12(b) of the Exchange Act:

Title of each class registered: None       Name of each exchange on which
                                           registered:  None

Securities registered under Section 12(g) of the Exchange Act:

                          Common Stock, par value $.001
                          -----------------------------
                                (Title of class)

     Check whether the issuer (1) filed all reports required to be filed
by Section 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 [ ]

                                     1

<PAGE>

     Check if no disclosure of delinquent filers in response to Item 405
of Regulation S-B is contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [ ]

     State issuer's revenues for its most recent fiscal year.  $4,216,278,
for the period nine months ended December 31, 2001.

     Based on the average if the closing bid and asked prices of the issuer's
common stock on December 31, 2001, the aggregate market value of the voting
stock held by non-affiliates of the registrant on that date was $1,148,000.

     As of December 31, 2000, the issuer had 13,175,750 shares of common stock
outstanding.  As of December 31, 2001, the issuer had no preferred shares
outstanding.

     Documents incorporated by reference:  See Item 13. Exhibits and Reports
on Form 8-K in Part III.

     Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]


                                       2

<PAGE>


                                    CONTENTS

                                                                          PAGE
PART I

    Item 1.  Description of Business........................................4
    Item 2.  Description of Property.......................................13
    Item 3.  Legal Proceedings.............................................13
    Item 4.  Submission of Matters to a Vote of Security Holders...........13

PART II

    Item 5.  Market for Common Equity and Related Stockholder Matters......14
    Item 6.  Management's Discussion and Analysis or Plan of Operation.....15
    Item 7.  Financial Statements..........................................18
    Item 8.  Changes in and Disagreements with Accountants on
                Accounting and Financial Disclosure........................20

PART III

    Item 9.  Directors, Executive Officers, Promoters and Control
                Persons; Compliance with Section 16(a) of the
                Exchange Act...............................................21
    Item 10. Executive Compensation........................................24
    Item 11. Security Ownership of Certain Beneficial Owners and
                Management.................................................25
    Item 12. Certain Relationships and Related Transactions................27
    Item 13. Exhibits and Reports on Form 8-K..............................28

SIGNATURES   ..............................................................30


                           Forward-Looking Statements

This report contains forward-looking statements. The forward-looking statements
include all statements that are not statements of historical fact.  The
forward-looking  statements are often identifiable by their use of words such
as "may," "expect," "believe," "anticipate," "intend," "could," "estimate," or
"continue," "Plans" or the negative or other variations of those or comparable
terms.  Our actual results could differ materially from the anticipated results
described in the forward-looking statements.  Factors that could affect our
results include, but are not limited to, those discussed in Item 6,
"Management's Discussion and Analysis or Plan of Operation" and included
elsewhere in this report.


                                       3

<PAGE>



                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS.

BUSINESS DEVELOPMENT

Business Development, Organization and Acquisition Activities
-------------------------------------------------------------

A.  Business Development, Organization and Acquisition Activities

Muller Media, Inc. ("The Company") or ("Muller"), was originally
incorporated under the name Puppettown.com Inc. on July 1, 1999 with the
filing of Articles of Incorporation with the Secretary of State of the
State of Nevada.  On July 26, 1999 a Certificate of Amendment was filed
under which the corporate name was changed to Business Translation
Services, Inc.

On November 12, 2001 there was a change in control of the Company.
On the same day the Company entered into a merger with Muller
Media, Inc., a New York corporation formed in 1982, under the terms of
which the surviving entity was Business Translation Services, Inc.

On January 22, 2002 a Certificate of Amendment was filed with the Secretary
of State of the State of Nevada whereby the corporate name was changed to
Muller Media Inc.

The original articles of the Company authorized the issuance of twenty
million (20,000,000) shares of Common Stock at par value of $0.001 per
share and five million (5,000,000) shares of Preferred Stock at par value
of $0.001.  Activities to date have been limited primarily to organization,
initial capitalization, finding an appropriate operating facility in Las
Vegas, NV, and commencing with initial operational plans.

Corporate and administration office of the Company is located at:  11 East
47th Street, Third Floor, New York, New York  10017, Phone:  (212) 317-0175.

B. Business of Issuer

1)  Principal Products, Services and Principal Markets.

Muller Media is in the business of syndication of feature films to free
television networks, cable networks as well as independent stations
throughout the United States.

Primarily, the Company represents independent film producers for purposes
of distribution of their product and content to the networks and broadcast
distribution companies.

Muller Media currently has under license the distribution rights in the
United States to over 100 feature films. The Company groups together from 10
to 20 feature films designed to appeal to the 18 to 49 year old adult
population and licenses the broadcast distribution companies for exhibition
of its films in compliance with Muller's own licensing rights.

                                     4
<PAGE>

As the methods of distribution for entertainment media grow (i.e., Internet,
satellite, etc.) and/or merge(i.e., cable, telephone, Internet), Muller
Media is positioned to provide packaged programs via these new distribution
channels to worldwide markets.

As new feature film acquisitions occur, generally, they are initially
released to the industry's annual convention, American Film Market (AFM),
each year.  Muller attends this convention each year to review and evaluate
new film content as it is released.   Executives from the Company also
attend the annual convention of the National Association of Television
Program Executives (NATPE) each January, where much of the actual selling
has traditionally taken place.  In recent years however, the importance
of this convention has become diminished as much of the Company's business
has been obtained each year, prior to this event, as a result of changes
both in the industry and in the way Muller markets its film packages.

The process of distribution starts with negotiating the acquisition of
broadcast and exhibition rights for both over-the-air and cable network
telecasts. In some cases, Muller obtains the right to license the
programming for home video and other ancillary markets.

It is Muller's plan to continue to acquire the distribution broadcast rights
to independently produced films so as to expand its library and thusly expand
its product offerings to clients.  The Company is also seeking to acquire
other firms with film libraries that would be of appeal to its existing
client base.

Although the Company has limited its distribution to U.S. markets until now,
the Company is considering expansion into international markets, beginning
initially with Europe. Subsequently the markets in Asia and South America
will be targets of opportunity for Muller. China currently has more
television sets than the U.S. and their population is clambering for media,
including movie content.

The Company's principal goal is to increase the content of its film library.
This will include primarily feature films, with a view toward other forms of
programming which can add to profitability.

Muller has carved out a niche which will cause the Company to continue to grow
profitably.  As most major companies in the industry are becoming increasingly
integrated, with regard to production, distribution and exhibition, some
content is "falling through the cracks".  Many of the best creative projects
are being forced into a secondary position.  Some of the content which will be
added to Muller's library will come from this segment.

As a relatively small company in an industry of giants, Muller has adopted
less costly, more innovative strategies, both in securing content and selling
movie or other packages.  For the time being and until Muller has carved out a
larger niche within the industry, this methodology will continue.  One of the
Company's greatest strengths lies in the ability of its executives to deal
directly with keys players both from the production side as well as the
exhibition (TV, cable, etc.) side of the industry.


                                     5

<PAGE>

Because Muller has an efficient management infrastructure, the Company is
able to respond very quickly to changes in the moods, trends  and desires
of the industry.

Muller is developing alliances with various other companies in the industry
which is giving them access to larger projects and the ability to acquire
better quality content, which will increase revenues.  It is the Company's
intent to acquire worldwide rights to television, cable, satellite, home video,
Internet and any other rights as they are available for the program content,
with an emphasis on feature length films, offered by the Company.  With control
of marketable programming content Muller will be in a position to grow.  To
the extent that the digital era expands, Muller believes that it will play a
significant role in that it is a supplier of content for mass entertainment.

Muller is positioning itself to take advantage of the new distribution methods
which will become prevalent in the industry with the advances in digital
technology using the Internet as a transport and delivery vehicle. Management
is investigating how best to exploit this new delivery medium while at the
same time assuring the utmost protection for the independent film producer
and collection of exhibition revenue.

Many of the larger companies in the industry have acknowledged that the future
of the industry lies in being able to use the Internet as a transport and
delivery medium.  Unfortunately the technology that currently exists, which
will allow for the downloading and/or streaming of film media content, is of
poor quality.

Management is evaluating a joint venture with a company that is in the
process of developing software that will overcome these difficulties. The
Company believes that at least nine months will be required before there
will be any significant development in this regard.

Once the technology is perfected to the point where quality is adequate to
satisfy viewers, Muller can move to the next steps, which will be:

1)  obtaining necessary rights to license the technology for film transport
    and delivery;
2)  utilizing the technology to deliver Muller's own film content;
3)  licensing the software to others in the media/entertainment industry subject
    to reciprocal rights obtained by Muller.

Management recognizes that the Internet offers many possibilities, however,
Muller is more concerned with doing business in the present world in which
it finds itself. It is not management's intent to be a pioneer, rather Muller
is focusing on its proven methods of doing business that has survived the test
of time, while many of its former competitors are no longer in existence.





                                     6

<PAGE>




Dependence on Producers and Suppliers
-------------------------------------

Muller Media Inc., is wholly dependent upon certain market segments for its
revenues.  For that reason, Muller Media Inc. has initiated, through its
direct sales team, direct marketing programs designed to expand its marketing
channels.

Muller Media Inc. is also dependent on Independent producers to obtain
quality media communication products.  Muller Media Inc., negotiates with
these independent producers to obtain rights to films that can be packaged
or specifically designed for certain television and cable markets at the
lowest practical cost structure so that it can price its products
competitively.

The Company seeks relationships with top independent producers as part of its
commitment to provide quality media broadcast products.  Its sales strategy
for these products is to compete on a cost leadership basis, since its products
are viewed by customers as relatively homogenous with that provided by MULM's
competitors.

Intellectual Property
---------------------

The Company regards substantial elements of its underlying infrastructure
and technology as proprietary and attempts to protect them by relying on
trademark, service mark, copyright and trade secret laws and restrictions
on disclosure and transferring title and other methods.  The Company plans
to enter into confidentiality agreements with its future consultants and in
connection with its license agreements with third parties and generally
seeks to control access to and distribution of its technology, documentation
and other proprietary information.  Despite these precautions, it may be
possible for a third party to copy or otherwise obtain and use the Company's
proprietary information without authorization or to develop similar
technology independently.

There can be no assurance that the steps taken by the Company will prevent
misappropriation or infringement of its proprietary information, which could
have a material adverse effect on the Company's business, results of
operations and financial condition.  Litigation may be necessary in the
future to enforce the Company's intellectual property rights, to protect the
Company's trade secrets or to determine the validity and scope of the
proprietary rights of others.  Such litigation might result in substantial
costs and diversion of resources and management attention.  Furthermore,
there can be no assurance that the Company's business activities will not
infringe upon the proprietary rights of others, or that other parties will
not assert infringement claims against the Company.  Moreover, from time to
time, the Company may be subject to claims of alleged infringement by the
Company or service marks and other intellectual property rights of third


                                     7

<PAGE>


parties.  Such claims and any resultant litigation, should it occur, might
subject the Company to significant liability for damages, might result in
invalidation of the Company's proprietary rights and, even if not meritorious,
could result in substantial costs and diversion of resources and management
attention and could have a material adverse effect on the Company's business,
results of operations and financial condition.


Competition
-----------

The entertainment industry is intensely competitive, however, the number of
competitors has diminished steadily over the years.  Other providers
currently offer one or more of each of the products or services offered by
Muller Media.  As a media communications provider in the entertainment
industry, Muller Media competes with several dominant providers.  Muller
media expects that new competitors are likely to enter the entertainment
market and attempt to market  services similar to Muller Media's products,
which would result in greater competition for Muller Media.  The ability of
Muller Media to compete effectively in the entertainment industry will
depend upon its ability to provide high quality film packages at prices
generally competitive with, or lower than, those charged by its competitors.
Certain of Muller Media's competitors dominate the entertainment industry
and have the financial resources to enable them to withstand substantial
price competition, which is expected to increase significantly, and there
can be no assurance that Muller Media will be able to compete successfully
in the future. Moreover, there can be no assurance that certain of Muller
Media's competitors will not be better situated to negotiate contracts
with independent producers which are more favorable than contracts
negotiated by Muller Media.

In addition, there can be no assurance that competition from existing or new
competitors or a decrease in the price charged for medium to high film
packages by the major distributors or other competitors would not materially
adversely affect the Company.  Muller Media believes that the principal
competitive factors affecting the market for its services are price, quality
of service, reliability of service, degree of service integration, ease of
use, service features and name recognition.  The management of Muller Media
believes that they competes effectively in these areas.

In management's opinion, name recognition is the principle element driving
purchase decisions.  As such, Muller Media typically insists that its
independent film producers have a fixed budget for marketing and name
recognition.







                                     8

<PAGE>



RISKS RELATED TO THE MEDIA INDUSTRY

The entertainment industry is highly competitive, rapidly evolving and subject
to constant technological change. Our ability to compete effectively in the
entertainment  industry will depend upon our continued ability to provide high
quality services at prices generally competitive with, or lower than, those
charged by our competitors.

Currently, there are several companies selling film packages, and management
expects competition to increase in the future.  Other distributors currently
offer packages of similar content offered by Muller.  As a service provider
in the distribution of film packages industry, many of Muller's key competitors
are substantially larger and have the following competitive advantages:

o  greater financial, technical, engineering, personnel and marketing
   resources;
o  longer operating histories;
o  greater name recognition; and
o  larger  film content

These advantages afford Muller's competitors pricing flexibility.  Companies
that provide film content may compete for markets based on price, with the
dominant providers conducting extensive advertising campaigns in order to
capture market share. Competitors with greater financial resources may also
be able to provide more attractive incentive packages to stations in order to
encourage them to carry products that compete with our services.  In addition,
competitors with greater resources than ours may be better situated to
negotiate favorable contracts with stations.  Muller believes that existing
competitors are likely to continue to expand their service offerings to appeal
to stations and their consumers.  Moreover, because there are few, if any,
substantial barriers to entry, Muller expects that new competitors are likely
to enter the distribution market and attempt to market film packages similar
to our services which would result in greater competition.  If our existing
competitors or new competitors devote significant additional resources to
such action could have a material adverse effect on our business, financial
condition and results of operations, and there can be no assurance that we
will be able to compete successfully against such new or existing
competitors.

Competition for customers in the entertainment industry is primarily based on
content and, to a lesser extent, on price. We price our services based upon
negotiated rates to the individual market.  We have no control over the prices
set by our competitors, and some may be able to use their financial resources
to cause severe price competition in the markets in which we operate. Certain
of our competitors dominate the entertainment industry and have the financial
resources to enable them to withstand substantial price competition, which is





                                      9

<PAGE>


expected to increase significantly, and there can be no assurance that we will
be able to compete successfully in the future.  Any price competition would
have a material adverse effect on our business, financial condition and results
of operations. Price reductions may reduce our revenue and margins.

So as to minimize exposure to risk Muller only deals in finished product and
does not involve itself in actual production, script purchases, hiring of
performers, location shooting or any other costs and expenses involved in
the making of product.  Muller only deals in films or entertainment product
that is complete and ready for immediate distribution and diffusion.

Muller is subject to the risk of changes in consumer preferences and industry
trends.

The entertainment industry market in which we operate is characterized by the
frequent introduction of new products and services, and is subject to
changing consumer preferences and industry trends, which may adversely affect
our ability to plan for future design, development and marketing of our
products and services.

Muller is subject to the risk of litigation.

Litigation in the entertainment industry has been used as a competitive
tactic both by established companies seeking to protect their existing
positions in the market and by emerging companies attempting to gain access
to the market. In such litigation, complaints may be filed on a variety of
grounds, including antitrust, breach of contract, trade secret, patent or
copyright infringement, patent or copyright invalidity, and unfair business
practices.  If we are forced to defend ourselves against such claims, whether
or not meritorious, we are likely to incur substantial expense and diversion
of management attention, and may encounter market confusion and the
reluctance of licensees and distributors to commit resources to our products.


The Company's success depends on its ability to develop markets for its
products.

The entertainment industry specifically the media communications products
segment is characterized by an increasing and substantial number of new
market entrants who have introduced or are developing an array of new
products and services.  Each of these entrants is seeking to market,
advertise and position its products and services as the preferred product
for accessing free and cable television, including providing enhanced service
features. As is typically the case in this industry, demand and market
acceptance for newly improved products and services which are subject to a
high level of uncertainty. Additionally, the development of new markets will
require on-going financial resources for sales and marketing personnel.
There can be no assurance that substantial markets will continue to develop
for media communications products, that we will be able to meet our current
marketing objectives, have available the funds required for any necessary
market development, succeed in positioning our products cards and services
as a preferred method for accessing free and cable television services, or
achieve significant market acceptance for our services.

                                     10
<PAGE>


Muller is reliant upon certain key markets and strategic partners.

Muller distributes its media communications products to end users through a
small number of employees.  The Company is dependent upon the sales and
marketing efforts of these individuals.  Muller depends upon large orders
from certain key markets this small group of distributors.  The loss of one
or more of these markets without replacement could have a material adverse
effect on our business, operating results and financial condition.  Muller's
future performance will also depend, in part, on its ability to market our
services to new customers and on our ability to attract additional employees
that will be able to market and support our services effectively, especially
in markets in which we have not previously distributed our services.  There
can be no assurance that we will be successful in such efforts, which may
have a material adverse effect on our business.

Muller's inability to adapt to rapid technological change may jeopardize its
long term viability.

The entertainment industry is characterized by rapid and significant
technological advancements and introductions of new products and services
utilizing new technologies. We expect new products and services, and
enhancements to existing products and services, to be developed and
introduced in order to compete with our services.  The proliferation of new
telecommunications, satellite and cable technology, including down loading
movies over the Internet, may reduce demand for medium to high film packages
designed to fit a television station's or cable company's needs.  As new
technologies develop, we may be placed at a competitive disadvantage, and
competitive pressures may force us to implement such new technologies at
substantial cost. In addition, competitors may implement new technologies
before we are able to implement such technologies, allowing such competitors
to provide enhanced services and superior quality compared with that which we
are able to provide. There can be no assurance that we will be successful in
developing and marketing new services or enhancements to services that
respond to these or other technological changes or evolving industry
standards.  In addition, there can be no assurance that we will not experience
difficulties that could delay or prevent the successful development,
introduction and marketing of our existing film packages or that our new
film packages or enhancements thereto will adequately meet the requirements
of the marketplace and achieve market acceptance.  Delay in the introduction
of new film packages or enhancements, our inability to develop such new film
packages or enhancements or the failure of such film packages or enhancements
to achieve market acceptance could have a material adverse effect on us.
Further, there can be no assurance that we will be able to respond to such
competitive pressures and implement such packages on a timely basis or at an
acceptable cost. One or more of the film packages currently utilized by us,
or which we may implement in the future, may not be preferred by our
customers or may become obsolete.  If we are unable to respond to competitive
pressures, implement new film packages on a timely basis, penetrate new
markets in a timely manner in response to changing market conditions or
customer requirements, or if new or enhanced film packages offered by us do
not achieve a significant degree of market acceptance, any such event could
have a material adverse effect on our business, financial condition and
results of operations.

                                     11
<PAGE>

System failures, delays and other problems could harm Muller's reputation
and business, cause us to lose customers and expose us to customer
liability. however we minimize our exposure to risk from such system failures
by only dealing in and with finished product ready for immediate
distribution.

The Company's success depends on its ability to provide reliable film
packages to the cable and television industry.  Muller's operations could be
interrupted by any damage to or failure of:

o   A decline in commercial advertising to the cable and television industry;
o   Our inability to acquire the license to distribute rights to certain film
    libraries; and
o   our relationship with the independent producers.

The film packages Muller's utilize from independent producers are also
vulnerable to damage or interruption from:

o  power loss, transmission cable cuts an other telecommunications failures;
o  fires, earthquakes, floods and other natural disasters;
o  computer viruses or software defects;
o  physical or electronic break-ins, sabotage, intentional acts of vandalism
   and similar events; and
o  errors by Company employees.


Government Regulation
---------------------

The content distributed by Muller Media, Inc. is subject to censorship
review and ratings as to appropriateness for certain age markets.  Risk as
to prosecution for censorship review is borne by the producer and or the
actual distributor. Muller does not bare any risk in this regard.  However,
in the future, governmental regulations or future laws may shift the
incidence of liability as to risk and there is no control that we have over
future legislative regulations.

Employees
---------

As of January 14, 2001, Muller employed eight people, of whom four are
executive and administrative personnel.  None of our employees are covered
by a collective bargaining agreement.  Muller considers its employee
relations to be good.



                                     12

<PAGE>






ITEM 2.  DESCRIPTION OF PROPERTY

The Company leases 2,125 square feet of office space for our executive offices
in New York City, New York for $5,863 per month.  In addition, they lease
approximately 600 square feet of space for its offices in Hackettstown, New
Jersey for $700 per month.   These two non-cancelable operating leases expire
on June 30, 2004 and November 30, 2002.



<TABLE>
<CAPTION>

                                   Form of          Lease         Monthly
     Location                      Ownership        Expiration    Rent
     --------                      ---------        ----------    -------
<S>                                 <C>                <C>        <C>
Muller Media Offices:

11 East 47th Street, 3rd Floor      Office Lease       2004       $5,863
New York City, New York  10017

488 Schooley's Mountain Road        Office Lease       2002       $  700
Hackettstown, New Jersey  07840

----------

The minimum  future lease commitments under these leases are as follows:

                 Year                   Amount
                 ----                   -------
                 1                      $76,510
                 2                       72,762
                 3                       36,918

</TABLE>

The Company does not have any additional facilities, and there are currently
no proposed programs for the renovation, improvement or development of the
properties currently being leased by the Company.


ITEM 3.  LEGAL PROCEEDINGS.

As of the date hereof, Muller Media, Inc. is not a party to any material
legal proceedings, and none are known to be contemplated against Muller
Media, Inc.

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

There were no matter submitted to shareholders for vote during the past
calendar year.

                                        13
<PAGE>


                                PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

(i) Market Information
----------------------

On February 5, 2001, the Company's common stock was cleared for trading on
the OTC Bulletin Board system under the symbol "BTSV."  When the Company
changed its name to Muller Media, Inc., it changed it symbol to "MULM."  A
limited market exists for the trading of the Company's common stock.

The table below sets forth the high and low bid prices of our common stock for
each quarter shown, as provided by the NASD Trading and Market Services
Research Unit.  Quotations reflect inter-dealer prices, without retail
mark-up, mark-down or commission and may not represent actual transactions.

<TABLE>
<CAPTION>

FISCAL 2001                                  HIGH              LOW
--------------------------------             ----              ----
<S>                                          <C>               <C>
Quarter Ended March 31, 2001                 0.25              1.62
Quarter Ended June 30, 2001                  3.00              0.75
Quarter Ended September 30, 2001             1.74              0.37
Quarter ended December 31, 2001              2.25              0.47



</TABLE>


(ii) Holders
------------

The approximate number of holders of record of common stock as of December
31, 2001 was approximately seventy (70).

(iii) Dividends
---------------

Holders of common stock are entitled to receive such dividends as the board of
directors may from time to time declare out of funds legally  available for the
payment of dividends. No dividends have been paid on our common stock, and we
do not anticipate paying any dividends on our common stock in the foreseeable
future.


                                        14
<PAGE>






ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

i)  Muller Media packages motion pictures and other entertainment events
and distributes them to the television and cable industry.  For the nine
months ending December 31, 2001, the Company incurred a net income after taxes
of $45,677 from its operations.  This is based on revenues of $4,216,278 from
operations.  Muller Media, Inc. was originally incorporated on February 1,
1982 in New York and subsequently, on June 9, 1998, became a wholly owned
subsidiary of DCI  Telecommunications, Inc. ("DCI") pursuant to a stock
purchase agreement, through which  DCI acquired  100% of the outstanding
stock of the Company  in exchange for 1,200,000 shares of common stock of
DCI.

Pursuant to the Agreement and Plan of Merger by and among Muller Media, Inc.,
Business Translation Services, Inc. and DCI Telecommunications, Inc. (the
"Purchaser" or  "DCI"), dated November 12, 2001 and the Share Purchase
Agreement between the Purchaser and the Seller dated November 12, 2001, DCI
purchased 10,000,000 shares of Business Translation Services, Inc. common
stock, accounting for 82% of Business Translation Services' issued and
outstanding stock after the sale.  As part of the cost of the merger, the
Company also issued an aggregate of 2,300,000 common stock purchase warrants,
1,200,000 warrants have an exercise price of $0.125 and the remaining
1,100,000 warrants have an exercise price of $0.025.  All of the warrants
are exercisable through November 12, 2006.  Immediately after the execution
and delivery of the agreement, DCI caused Muller to merge with and into
Business Translation Services, Inc.  As a result of this transaction, DCI
acquired and exercised control over a majority of the Business Translation
Services' shares.  Accordingly, for accounting purposes, the transaction has
been treated as recapitalization of Muller, and, therefore, the financial
statements represent a continuation of the accounting acquirer, Muller, not

Business Translation Services, Inc., the legal acquirer:

    i)    Muller is deemed to be the purchaser and surviving company for
          accounting purposes.  Accordingly, its net assets are included
          in the balance sheet at their historical book value.

    ii)   Control  of  the  net  assets and business of Business
          Translation Services was acquired effective November 12, 2001
          (the  "Effective Date").  Business Translation Services, Inc. had
          no significant operations prior to the  acquisition.  At the
          Effective Date, Business Translation Services, Inc. had net
          assets of approximately $80.




                                        15
<PAGE>








(ii) Results of Operations
--------------------------

Effective with the merger as stated above, the Company changed its fiscal
year end to December 31.  The figures submitted represent nine months ended
December 31, 2001.  The Company has generated $4,216,278 in revenues.  Cost
of goods ("producers' fees) for the revenues generated amount to $2,822,886.
Total operating expenses for the period amounted to $973,754.  Income before
income taxes amounted to $344,677, and net income after net income tax
expense amounted to $45,677.  Net cash flows for the period decreased by
$412,009 and cash and cash equivalents for the period ending December 31,
2001, amounted to $952,906.


(iii) Liquidity and Capital Resources
-------------------------------------

a)   The Company is authorized to issue 20,000,000 shares of $.001 par
     value Common Stock, of which 13,175,750 were outstanding at December
     31, 2001.

b)   The Company is authorized to issue 5,000,000 shares of $.001 par
     value Preferred Stock, none of which were outstanding at December
     31, 2001.

c)   On November 12, 2001, BTS issued 10,000,000 shares of $.001 par
     value  common stock for all the shares of  Muller.   Before the
     transaction, there were 2,200,750  shares of Business Translation
     Services outstanding.  After the transaction, the ownership of
     Business Translation Services was as follows:

                                                  Shares       Percent
           Original shareholders                2,200,750         18%
           Former owner of Muller              10,000,000         82%
                                               ----------        ----
                                               12,200,750        100%
                                               ==========        ====

     Because the parent of Muller obtained control of Business Translation
     Services, the transaction would normally be considered a purchase
     by Muller.  However, since Business Translation Services is not a
     business of Muller, the transaction is accounted for as a
     recapitalization of Muller and the issuance of stock by Muller
     (represented by the outstanding shares of Business Translation
     Services) for the assets and liabilities of Business Translation
     Services.  The value of the net assets is the same as their
     historical book value.

d)   On November 12, 2001, the Company issued 975,000 shares of $0.001
     par value common stock in consideration for services rendered in
     connection with the merger.  These shares have been valued at this
     fair value of $117,550 and recorded as a cost of the merger and
     charged to additional paid-in capital.

                                     16
<PAGE>


e)   In February, 2002, the Company entered into three consulting agreements
     for legal, general corporate and management, strategic planning and
     marketing consulting.  The Company issued 400,000 shares of its $.001
     par common stock in total for these services.


WARRANTS
--------

As part of the cost of the merger, the Company also issued an aggregate of
2,300,000 common stock purchase warrants, 1,200,000 warrants have an
exercise price of $0.125 and the remaining 1,100,000 warrants have an
exercise price of $0.025.  All of the warrants are exercisable through
November 12, 2006.

The Company has no material commitments for capital expenditures nor does it
foresee the need for such expenditures over the next year.  In addition,
management believes that its current facilities will remain suitable as
the main administrative offices for the next twenty-four (24) months.  The
Company does not have any additional facilities, and there are currently no
proposed programs for the renovation, improvement or development of the
properties currently being leased by the Company.


                                       17


<PAGE>

ITEM 7.  FINANCIAL STATEMENTS.



                               MULLER MEDIA, INC.
                              FINANCIAL STATEMENTS
                               DECEMBER 31, 2001

                                      18

<PAGE>

                                  CONTENTS

<TABLE>
<CAPTION>


<S>                                                      <C>
INDEPENDENT AUDITORS' REPORT                             F-1


BALANCE SHEET                                            F-2


INCOME STATEMENT                                         F-3


STATEMENT OF COMPREHENSIVE INCOME                        F-4


STATEMENT OF STOCKHOLDERS' EQUITY                        F-5


STATEMENT OF CASH FLOWS                                  F-6


NOTES TO FINANCIAL STATEMENTS                            F-7-16

</TABLE>


                                    19

<PAGE>


                          INDEPENDENT AUDITORS' REPORT



TO THE STOCKHOLDERS AND BOARD OF DIRECTORS
MULLER MEDIA, INC.

We  have  audited  the  accompanying  balance  sheet of MULLER MEDIA, INC. as of
December 31, 2001, and the related statements of  income,  stockholders'  equity
and cash flows for the  nine months then ended.  These financial statements  are
the responsibility of  the  Company's  management.   Our  responsibility  is  to
express an opinion on these financial statements based on our audit.

We  conducted our audit in accordance with auditing standards generally accepted
in the  United  States  of  America.   Those  standards require that we plan and
perform the audit to obtain reasonable assurance  about  whether  the  financial
statements are free of material misstatement.  An audit includes examining, on a
test basis, evidence supporting the  amounts and  disclosures in  the  financial
statements.  An audit also includes assessing the accounting principles used and
significant estimates  made  by  management,  as well as  evaluating the overall
financial  statement  presentation.   We  believe  that  our  audit  provides  a
reasonable basis for our opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all material respects,  the  financial  position  of  MULLER  MEDIA,  INC. as of
December 31, 2001, and  the  results of their operations and cash flows for  the
nine months then ended,  in  conformity  with  accounting  principles  generally
accepted in the United States of America.



                                  MERDINGER, FRUCHTER, ROSEN & CORSO, P.C.
                                  Certified Public Accountants

New York, New York
February 22, 2002


                                       F-1


<PAGE>



                                MULLER MEDIA, INC.
                                  BALANCE SHEET
                                DECEMBER 31, 2001

<TABLE>
<CAPTION>

BALANCE SHEET


     ASSETS
<S>                                                                <C>
Current assets
  Cash and cash equivalents                                        $    952,906
  Accounts receivable, net of allowance for
   doubtful accounts of $52,582                                       1,925,678
  Securities available for sale                                          38,934
  Prepaid expenses                                                       27,723
                                                                   ------------
     Total current assets                                             2,945,241

Property and equipment, less accumulated
  depreciation and amortization of $107,575                               2,038

Accounts receivable, non-current                                        497,621
Deferred charges - payments to producers                                197,681
Deferred tax asset                                                       14,633
Advances to parent company                                              877,259
Goodwill, less accumulated amortization of $290,556                   1,343,880
Deposit                                                                   7,500
                                                                   ------------
   TOTAL ASSETS                                                    $  5,885,853
                                                                   ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
 Accounts payable and accrued expenses                             $     60,420
 Accrued income taxes                                                   313,633
 Due to producers                                                       192,055
 Deferred revenue, current portion                                    1,521,531
 Convertible note                                                       300,000
                                                                   ------------
   Total current liabilities                                          2,387,639
                                                                   ------------
Deferred revenue, less current portion                                  734,925
  Total liabilities                                                   3,122,564
                                                                   ------------
Commitments and contingencies                                                 -

Stockholders' equity
  Preferred stock, $.001 par value; 5,000,000 shares
    authorized, no shares issued and outstanding                              -
  Common stock, $.001 par value; 20,000,000 shares
    authorized; 13,175,750 issued and outstanding                        13,176
  Additional paid-in capital                                          1,804,710
  Retained earnings                                                     955,539
  Unrealized loss on marketable securities                              (10,136)
                                                                   ------------
    Total stockholders' equity                                        2,763,289
                                                                   ------------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                      $   5,885,853
                                                                  =============
</TABLE>
The accompanying notes are an integral part of these financial statements.

                                         F-2

                                 MULLER MEDIA, INC.
                                  INCOME STATEMENT
                 FOR THE NINE MONTHS ENDED DECEMBER 31, 2001

<TABLE>
<CAPTION>

INCOME STATEMENT



<S>                                                           <C>
Revenue                                                       $  4,216,278

Cost of revenue - producers' fees                                2,822,886
                                                              ------------
Net revenue                                                      1,393,392
                                                              ------------
Operating expenses
  Selling, general and administrative                              698,137
  Depreciation and amortization                                     61,521
  Bad debt                                                         214,096
                                                              ------------
    Total operating expenses                                       973,754
                                                              ------------
Income from operations                                             419,638

Other income (expenses)
  Interest income                                                  229,067
  Interest expense                                                 (4,028)
  Financing expense                                              (300,000)
                                                              ------------
    Total other income (expenses)                                 (74,961)
                                                              ------------
Income before income taxes                                         344,677
Income tax expense                                                (299,000)
                                                              ------------
Net income                                                    $     45,677
                                                              ============
Net income per common share
  Basic                                                       $          -
                                                              ============
  Diluted                                                     $          -
                                                              ============
Weighted average common shares
  Basic                                                        12,374,477
                                                              ============
  Diluted                                                      14,796,438
                                                              ============

</TABLE>







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

F-3


                           MULLER MEDIA, INC.
                    STATEMENT OF COMPREHENSIVE INCOME
               FOR THE NINE MONTHS ENDED DECEMBER 31, 2001

<TABLE>
<CAPTION>

STATEMENT OF COMPREHENSIVE INCOME



COMPREHENSIVE INCOME
<S>                                                                  <C>
Net income                                                           $   45,677

Net unrealized gain on available for sale securities                        546
                                                                    -----------
Comprehensive income                                                 $   46,223
                                                                     ==========

</TABLE>































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

                                         F-4


                              MULLER MEDIA, INC.
                       STATEMENT OF STOCKHOLDERS' EQUITY




<TABLE>
<CAPTION>

STATEMENT OF STOCKHOLDERS' EQUITY

                                                           Net
                                                        Unrealized
                                                          Gain
                 Common Stock   Additional              (Loss) on    Total
                 --------------  Paid-in    Retained   Marketable Stockholders'
                 Shares  Amount  Capital    Earnings   Securities   Equity
                 ------- ------ ------------ --------- ----------- ------------
<S>            <C>         <C>     <C>        <C>       <C>        <C>
Balance at
Apr 1, 2001    10,000,000  $10,000 $1,625,436 $ 909,862 $ (10,682) $2,534,616

Issuance of
stock upon
merger          2,200,750    2,201     (2,201)        -         -           -

Issuance of
stock for
services
rendered and
the issuance
of a note
in connection
with the merger  975,000      975        (975)        -        -            -

Cost incurred
in connection
with merger            -        -    (117,550)        -        -     (117,550)

Beneficial
conversion
feature on
convertible note       -       -      300,000         -        -       300,000

Unrealized
gain on
securities
available
for sale               -       -            -          -     546           546

Net income             -       -            -     45,677       -        45,677
              ----------  -------  ----------  ---------  ------    ----------
Balance at
Dec 31, 2001  13,175,750  $13,176  $1,804,710  $955,539   (10,136)  $2,763,289
              ==========  =======  ==========  ========   ========  ==========

</TABLE>

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




                                         F-5







                                MULLER MEDIA, INC.
                              STATEMENT OF CASH FLOWS
                    FOR THE NINE MONTHS ENDED DECEMBER 31, 2001

<TABLE>
<CAPTION>

STATEMENT OF CASH FLOWS

<S>                                                                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income                                                       $     45,677
  Adjustments to reconcile net income to net
   cash provided by operating activities:
    Amortization                                                         61,521
    Bad debt expense                                                     52,582
    Imputed Interest on convertible note                                300,000
  (Increase) decrease in assets:
    Accounts receivable                                               1,746,940
    Prepaid expenses                                                (    27,723)
    Deferred charges                                                    852,319
    Deferred taxes                                                  (    14,633)
    Deposits                                                              2,800
  Increase (decrease) in liabilities:
    Accounts payable and accrued expenses                                25,784
    Due to producers                                                    192,055
    Accrued income taxes                                                313,633
    Deferred revenue                                                 (3,494,238)
                                                                   -------------
Net cash provided by operating activities                                56,717
                                                                  -------------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Increase in property and equipment                               (      2,268)
  Advances to affiliated company                                   (    648,908)
                                                                   -------------
Net cash used in investing activities                              (    651,176)
                                                                   -------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of convertible note                                          300,000
  Issuance of common stock                                         (    117,550)
                                                                   -------------
Net cash provided by financing activities                               182,450
                                                                    ------------
-NET DECREASE IN CASH                                               (   412,009)

CASH AND CASH EQUIVALENTS - BEGINNING PERIOD                          1,364,915
                                                                   -------------
CASH AND CASH EQUIVALENTS - ENDING PERIOD                          $    952,906
                                                                   ============
SUPPLEMENTAL CASH FLOW INFORMATION:
  Cash paid during the nine months ended for -
    Interest paid                                                  $          -
                                                                   ============
   Income taxes paid                                               $          -
                                                                   ============


</TABLE>

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

                                         F-6

                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001

NOTE 1 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

           Organization
           ------------
           Muller  Media,  Inc. was originally incorporated on February 1, 1982
           in New York and subsequently, on June 9, 1998, became a wholly owned
           subsidiary of DCI  Telecommunications,  Inc.  ("DCI")  pursuant to a
           stock purchase agreement, through which  DCI acquired  100%  of  the
           outstanding  stock  of the Company  in exchange for 1,200,000 shares
           of common stock of DCI.

           Pursuant  to  the Agreement and Plan of Merger by and  among  Muller
           Media,  Inc.  (the  "Company"  or  "Muller"),  Business  Translation
           Services, Inc.  (the  "Seller" or "BTS") and DCI Telecommunications,
           Inc. (the "Purchaser" or  "DCI"),  dated  November  12, 2001 and the
           Share Purchase Agreement between the Purchaser and the  Seller dated
           November   12,  2001,  DCI  purchased  10,000,000  shares  ("Selling
           Shares"), of BTS common stock, accounting for 82% of BTS' issued and
           outstanding  stock  after  the  sale.   As  part  of the cost of the
           merger,  the  Company  also issued an aggregate of 2,300,000  common
           stock purchase warrants,  1,200,000  warrants have an exercise price
           of  $0.125 and the remaining 1,100,000  warrants  have  an  exercise
           price  of  $0.025.   All  of  the  warrants  are exercisable through
           November 12, 2006.  Immediately after the execution  and delivery of
           the agreement, DCI caused Muller to merge with and into  BTS.   As a
           result  of this transaction, DCI acquired and exercised control over
           a  majority   of  the  BTS'  shares.   Accordingly,  for  accounting
           purposes, the transaction  has  been  treated as recapitalization of
           Muller,  and,  therefore,  the  financial  statements   represent  a
           continuation of the accounting acquirer, Muller, not BTS,  the legal
           acquirer:

           i)    Muller is deemed to be the purchaser and surviving company for
                 accounting purposes.  Accordingly, its net assets are included
                 in the balance sheet at their historical book value.

           ii)   Control  of  the  net  assets and business of BTS was acquired
                 effective November 12, 2001  (the  "Effective Date").  BTS had
                 no significant operations prior to the  acquisition.   At  the
                 Effective Date, BTS had net assets of approximately $80.

           Effective  with  the merger, the Company changed its fiscal year end
           to December 31.

           Nature of Operations
           --------------------
           The Company packages  motion pictures and other entertainment events
           and distributes them to the television and cable industry.

           Use of Estimates
           ----------------
           The preparation of financial statements in conformity with generally
           accepted accounting principles requires 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.

                                      F-7




<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 1 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

           Revenue Recognition
           -------------------
           In accordance with SOP 00-2, revenue from the distribution of motion
           pictures  and  other  entertainment  events  is  recorded  when  the
           material is available for telecasting by the licensee and when other
           conditions are met.

           License  agreements  for  the  telecast of motion pictures and other
           entertainment events are routinely  entered into in advance of their
           available date for telecast.  Cash received  in connection with such
           contractual  rights  for  which revenue is not yet  recognizable  is
           classified as deferred revenue.   Because deferred revenue generally
           relates to contracts for the licensing  of motion pictures and other
           entertainment   events  which  have  already  been   produced,   the
           recognition of revenue  for  such  completed products is principally
           only dependent upon the commencement  of the availability period for
           telecast under the terms of the related  licensing  agreement.   The
           Company  has  executed  license  agreements  totaling  approximately
           $2,844,000,  whose  license  periods  will begin after December  31,
           2001.

           The Company routinely advances participations to producers of motion
           pictures and entertainment events.  According  to  SOP  00-2,  these
           costs  are  charged  to  operations  over  their  estimated  revenue
           streams.

           Cash and Cash Equivalents
           -------------------------
           The  Company considers all highly liquid investments purchased  with
           original maturities of three months or less to be cash equivalents.

           Concentration of Credit Risk
           ----------------------------
           The Company  places its cash in what it believes to be credit-worthy
           financial institutions.   However,  cash  balances  may  exceed FDIC
           insured levels at various times during the year.

           Contracts Receivable
           -------------------
           For financial reporting purposes, the Company utilizes the allowance
           method  of  accounting  for doubtful accounts.  The Company performs
           ongoing  credit evaluations  of  its  customers  and,  if  required,
           maintains  an  allowance for potential credit losses.  The allowance
           is based on an experience  factor  and  review  of  current contracts
           receivable.   Uncollectible  accounts  are  written off against  the
           allowance accounts when deemed uncollectible.

           Property and Equipment
           ----------------------
           Property and equipment are stated at cost.  Depreciation is provided
           for in amounts sufficient to relate the cost  of  depreciable assets
           to  operations  over their estimated service lives, primarily  on  a
           straight-line basis.


                                     F-8



<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 1 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

           Property and Equipment (continued)
           ----------------------------------
           Maintenance and repairs are charged to expense as incurred;
           additions and betterments are capitalized.  Upon retirement or sale,
           the cost and related accumulated depreciation of the disposed assets
           are removed and any resulting gain or loss is credited or charged to
           operations.

           Fair Value of Financial Instruments
           -----------------------------------
           The  Company's  financial  instruments  consist  of  cash,  accounts
           receivable, marketable  securities,  deferred  charges,  advances to
           former  parent, accounts payable, deferred revenue, deferred  income
           taxes and  convertible note.  The carrying amounts of cash, accounts
           receivable,  accounts  payable,  deferred  revenue,  deferred income
           taxes and convertible note approximate fair value due  to the highly
           liquid nature of these short-term instruments at December 31, 2001.

           Long-Lived Assets
           -----------------
           Long-lived  assets  are  reviewed for impairment whenever events  or
           changes in circumstances indicate  that  the related carrying amount
           may not be recoverable.  Recovery of assets  to  be held and used is
           measured by a comparison of the carrying amount of the assets to the
           future  net cash flows expected to be generated by  the  asset.   If
           such assets  are  considered  to  be  impaired, the impairment to be
           recognized is measured by the amount by which the carrying amount of
           the  assets  exceeds the fair value of the  assets.   Assets  to  be
           disposed of are reported at the lower of the carrying amount or fair
           value less the cost to sell.

           Goodwill
           --------
           Goodwill is being  amortized  to  operations over 20 years.   Should
           events or circumstances occur subsequent  to  the  acquisition  of a
           business   which   bring  into  question  the  realizable  value  or
           impairment of the related  goodwill,  the  Company will evaluate the
           remaining useful life and balance of goodwill  and make adjustments,
           if required.  The Company's principal consideration  in  determining
           an impairment includes the strategic benefit to the Company  of  the
           particular  assets  as measured by undiscounted current and expected
           future operating income  of  that  specified  groups  of  assets and
           expected  undiscounted  future cash flows.  Should an impairment  be
           identified, a loss would be reported to the extent that the carrying
           value  of  the related goodwill  exceeds  the  fair  value  of  that
           goodwill as  determined  by  valuation  techniques  available in the
           circumstances.







                                      F-9



<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 1 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

           Income Taxes
           ------------
           Provisions for income taxes are based on taxes payable or refundable
           for  the  current  year and deferred taxes on temporary  differences
           between the amount of taxable income and pretax financial income and
           between the tax bases  of  assets and liabilities and their reported
           amounts  in  the  financial  statements.  Deferred  tax  assets  and
           liabilities are included in the  financial  statements  at currently
           enacted  income  tax  rates  applicable  to the period in which  the
           deferred tax assets and liabilities are expected  to  be realized or
           settled as prescribed by Statement of Financial Accounting Standards
           ("SFAS") No. 109, "Accounting for Income Taxes." As changes  in  tax
           laws  or  rates are enacted, deferred tax assets and liabilities are
           adjusted through the provision for income taxes.

           Advertising Costs
           -----------------
           Advertising  costs  are  charged to operations when incurred and are
           included in selling, general  and  administrative expenses.  For the
           nine  months  ended  December  31,  2001,   advertising   cost  were
           immaterial.

           Earnings Per Share
           ------------------
           SFAS  No.  128, "Earnings Per Share" requires presentation of  basic
           earnings per  share  ("Basic  EPS")  and  diluted earnings per share
           ("Diluted EPS").

           The computation of basic earnings per share  is computed by dividing
           earnings  available to common stockholders by the  weighted  average
           number of outstanding  common shares during the period.  Diluted EPS
           gives effect to all dilutive  potential  common  shares  outstanding
           during the period.

           Investment in Equity Securities
           -------------------------------
           The Company accounts for its investments in equity securities  under
           the  provisions of SFAS No. 115, "Accounting for Certain Investments
           in  Debt  and  Equity  Securities".   This  standard  provides  that
           available-for-sale  investments  in  securities  that  have  readily
           determinable  fair  values  be measured at fair value in the balance
           sheet  and  that  unrealized holding  gains  and  losses  for  these
           investments be reported  in  a  separate  component of stockholders'
           equity until realized.










                                     F-10



<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 1 -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

           New Accounting Pronouncements
           -----------------------------
           In June 2001, SFAS No. 141, "Business Combinations,"  and  SFAS  No.
           142,  "Goodwill and Other Intangible Assets," were issued.  SFAS No.
           141 requires that all business combinations initiated after June 30,
           2001 be  accounted  for using the purchase method of accounting, and
           that  identifiable  intangible   assets   acquired   in  a  business
           combination be recognized as an asset apart from goodwill,  if  they
           meet  certain  criteria.  The impact of the adoption of SFAS No. 141
           on our reported  operating  results, financial position and existing
           financial statement disclosure is not expected to be material.

           SFAS  No.  142  applies to all goodwill  and  identified  intangible
           assets acquired in  a business combination.  Under the new standard,
           all goodwill and indefinite-lived  intangible assets, including that
           acquired before initial application  of  the  standard,  will not be
           amortized but will be tested for impairment at least annually.   The
           new  standard is effective for fiscal years beginning after December
           15, 2001.   Adoption of SFAS No. 142 effective January 1, 2002, will
           result  in  the  elimination  of  approximately  $82,000  of  annual
           amortization.  The Company does not expect to recognize any impaired
           goodwill as of January 1, 2002.

           In  July 2001,  SFAS  No.  143,  "Accounting  for  Asset  Retirement
           Obligations,"  was  issued  which  requires  the  recognition  of  a
           liability  for an asset retirement obligation in the period in which
           it is incurred.   When  the  liability  is  initially  recorded, the
           carrying  amount  of the related long-lived asset is correspondingly
           increased.  Over time,  the  liability  is  accreted  to its present
           value  and  the related capitalized charge is depreciated  over  the
           useful life of the asset. SFAS No. 143 is effective for fiscal years
           beginning after  June  15, 2002.  The impact of the adoption of SFAS
           No.  143  on the Company's  reported  operating  results,  financial
           position and existing financial statement disclosure is not expected
           to be material.

           In August 2001,  SFAS  No.  144,  "Accounting  for the Impairment or
           Disposal   of  Long-Lived  Assets,"  was  issued.   This   statement
           addresses the  financial accounting and reporting for the impairment
           or disposal of long-lived assets and broadens the definition of what
           constitutes  a  discontinued   operation   and   how  results  of  a
           discontinued  operation  are  to  be  measured  and presented.   The
           provisions  of  SFAS No. 144 are effective for financial  statements
           issued for fiscal  years  beginning  after  December  15, 2001.  The
           impact  of  the  adoption of SFAS No. 144 on our reported  operating
           results,  financial   position   and  existing  financial  statement
           disclosure is not expected to be material.






                                      F-11














<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 2 -   MARKETABLE SECURITIES

           At December 31, 2001, marketable securities classified as available-
           for-sale are comprised as follows:

           Common stock
              Market securities, at cost        $      49,070
              Fair value at December 31, 2001          38,934
                                                -------------
              Unrealized loss                   $     (10,136)
                                                ==============

NOTE 3 -   ADVANCES TO AFFILIATED COMPANY

           Advances to former affiliated company consist of the following:

              Advances                            $ 1,378,216
              Tax credit due to affiliated company   (490,957)
                                                  -----------
                                                  $   887,259
                                                  ===========

NOTE 4 -   PROPERTY AND EQUIPMENT

           Property and equipment consist of the following:
                                                                 December 31,
                                                                      2001
                                                               ---------------
           Furniture, fixtures and equipment                   $      78,722
           Auto                                                       30,891
                                                               -------------
                                                                     109,613
           Less:  accumulated depreciation                           107,575
                                                               -------------
           Fixed assets - net                                  $       2,038
                                                               =============
           Depreciation expense recorded in
            the statement of operations                        $         230
                                                               =============








                                      F-12



<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 5 -   GOODWILL

           Goodwill                                               $1,634,436
           Less: Accumulated amortization                            290,556
                                                                  -----------
                                                                  $1,343,880
                                                                  ==========

           The  goodwill  arises  from the acquisition of Muller Media, Inc. by
           DCI, the former parent company of Muller Media, Inc.

           The acquisition was accounted  for  as a purchase, effective June 9,
           1998, upon the last payment by DCI.   Cost  in  access of net assets
           acquired was recorded on Muller's books at $1,634,436  and  is being
           amortized over 20 years.

           Amortization expense for the nine months ended December 31, 2001 was
           $61,291.

NOTE 6 -   CONVERTIBLE NOTE

           In connection with the merger with and into BTS, the Company  issued
           a  $300,000  convertible  note  for  cash proceeds equal to the face
           amount.  The note bears interest at 10%  per  year and is payable in
           three  installments  with  interest,  $75,000  on  April  20,  2002,
           $100,000  on  July 31, 2002 and $125,000 on October 31,  2002.   The
           note is convertible, at  any time, at the option of the holder.  The
           conversion price is $0.50 per share, subject to adjustment for stock
           splits,  stock dividends, recapitalization,  etc.   If  the  Company
           defaults in  the payment of principal or interest when due, and such
           default is not  cured  within  five  calendar days following notice,
           then  the Company shall issue to the holder,  within  five  calendar
           days after demand, two million shares of Common Stock of the Company
           and the conversion price will be reduced by 50%.

           The holder must convert the payments due April 30, 2002 and July 31,
           2002 into  shares  of  common stock of the Company at the conversion
           price then in effect provided  the  holder  has,  prior to April 30,
           2002,  sold  shares of the Company's common stock to  net  at  least
           $250,000, and  provided  further that at the date of such conversion
           the Company is not in default  of any of the terms and conditions of
           this Note or of any security agreement  or  other agreement executed
           in connection with the Note.  The exercise of  any warrants of other
           convertible instruments will not of itself contribute  in any way to
           the net $250,000 referenced above, but any subsequent sale of common
           shares obtained as a result of such conversion or exercise  will  be
           applied towards the $250,000.

           The  Company  has  attributed  $300,000 to the beneficial conversion
           feature of the note and this amount  has  been reported as financing
           expense in the income statement.




                                     F-13



<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 7 -   DEFINED BENEFIT PLAN

           The  Company's  defined  benefit  plan  was  terminated,   effective
           November  30,  2001  and  the  plan  assets  were distributed to the
           participants as of December 31, 2001.  There were  no  contributions
           due for the 9 months ended December 31, 2001.

NOTE 8 -   COMMITMENTS AND CONTINGENCIES

           Operating Leases
           ----------------
           The  Company leases office space and has 2 non-cancelable  operating
           lease   that  expire  on  November  30,  2002  and  June  30,  2004,
           respectively.   Minimum  future lease commitments under these leases
           are as follows:

                 Year                   Amount
                 1                      $76,510
                 2                       72,762
                 3                       36,918

           Employment Agreements
           ---------------------
           The Company has entered into employment agreements as follows:
           {circle} Two  five-year agreements, each  providing for an annual
           salary  of  $125,000, expiring November 2006.

           {circle}A three-year  agreement,  providing  for  an annual salary
           of $226,000, expiring June 2004.

           {circle}A  renewable  one-year  agreement providing for  an  annual
           salary  of $200,000.

NOTE 9 -  CAPITAL STOCK

      a)   The Company is authorized  to  issue  5,000,000  shares of $.001 par
           value  Preferred Stock, none of which were outstanding  at  December
           31, 2001.

      b)   On November  12,  2001,  BTS  issued  10,000,000 shares of $.001 par
           value  common  stock  for  all  the shares of  Muller.   Before  the
           transaction, there were 2,200,750  shares of BTS outstanding.  After
           the transaction, the ownership of BTS was as follows:

                                                  Shares       Percent
           Original shareholders                2,200,750         18%
           Former owner of Muller              10,000,000         82%
                                               ----------        ----
                                               12,200,750        100%
                                               ==========        ====
                                      F-14



<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 9 -  CAPITAL STOCK (Continued)

           Because  the  parent  of  Muller  obtained   control   of  BTS,  the
           transaction  would  normally  be  considered  a  purchase by Muller.
           However, since BTS is not a business, the transaction  is  accounted
           for  as  a  recapitalization of Muller and the issuance of stock  by
           Muller (represented by the outstanding shares of BTS) for the assets
           and liabilities  of BTS.  The value of the net assets is the same as
           their historical book value.

      c)   On November 12, 2001,  the  Company  issued 975,000 shares of $0.001
           par value common stock in consideration  for  services  rendered  in
           connection  with  the merger.  These shares have been valued at this
           fair value of $117,550  and  recorded  as  a  cost of the merger and
           charged to additional paid-in capital.

NOTE 10 -  WARRANTS

           As part of the cost of the merger described in  Note  1, the Company
           also   issued  an  aggregate  of  2,300,000  common  stock  purchase
           warrants,  1,200,000  warrants  have an exercise price of $0.125 and
           the remaining 1,100,000 warrants  have  an exercise price of $0.025.
           All of the warrants are exercisable through November 12, 2006.


NOTE 11 -  INTEREST INCOME

           Interest income consists of the following:

               Discount earned on contracts receivable       $ 204,533
               Interest income from investments                 24,534
                                                             ---------
                                                             $ 229,067
                                                             =========

NOTE 12 -  INCOME TAXES

           The components of the provision for income  taxes  are as follows at
           December 31, 2001:

           Current tax expense
              U.S. Federal                         $      193,747
              State and local                             119,886
                                                   --------------
                 Total current                            313,633
                                                   ==============

           Deferred tax expense
              U.S. Federal                                  9,039
              State and local                               5,594
                                                   --------------
                 Total deferred                            14,633
                                                   --------------
           Total tax provision                     $      299,000
                                                   ==============


           A reconciliation between the federal statutory tax rate and the
           effective income tax rate is as follows:

              Statutory federal income tax rate                    34.0%
              Non-deductible expenses                              41.7
              State and local income taxes, net of federal taxes   10.9
                                                                   -----
                 Effective income tax rate                         86.6%

                                      F-15


<PAGE>
                              MULLER MEDIA, INC.
                         NOTES TO FINANCIAL STATEMENTS
                               DECEMBER 31, 2001



NOTE 13 -  SUBSEQUENT EVENTS

           In   February  2002,  the  Company  entered  into  three  consulting
           agreements  for  legal,  general corporate and management, strategic
           planning  and  marketing consulting.   The  Company  issued  400,000
           shares of its $.001 par common stock in total for these services.






                                        F-16



-------------------------------------------------------------------------------




                              MULLER MEDIA, INC.
                        (A Wholly Owned Subsidiary of
                         DCI Telecommunications, Inc.)

                              REPORT ON AUDIT OF
                             FINANCIAL STATEMENTS

                      YEAR ENDED MARCH 31, 2001 AND 2000


<PAGE>




<TABLE>
<CAPTION>

CONTENTS

              CONTENTS                                     PAGE
              --------                                     ----


<S>                                                        <C>
Independent Auditors' Report                               F-1
Financial Statements:
    Balance sheets                                         F-2
    Statements of Operations                               F-3
    Statement of Stockholder's Equity                      F-4
    Statements of Cash Flows                               F-5
    Notes to Financial Statements                          F-6-9
</TABLE>

<PAGE>




Feldman Sherb
----------------------------
Certified Public Accountants
805 Third Avenue
New York, NY 10022.

                         INDEPENDENT AUDITORS' REPORT


The Board of Directors and Stockholder
Muller Media, Inc.

We have audited the accompanying balance sheets of Muller Media, Inc (A
Wholly Owned Subsidiary of DCI Telecommunications, Inc.) as of March 31, 2001
and 2000, and the related statements of operations, stockholders' equity and
cash flows for the years ended March 31, 2001 and 2000.  These financial
statements are the responsibility  of the Company's management.  Our
responsibility is to express an opinion on these financial statements based
on our audit.

We conducted our audits in accordance with auditing standards generally
accepted in the United States of America.  Those standards require that we
plan and  perform  the audit  to  obtain  reasonable  assurance  about
whether  the financial statements  are  free  of  material  misstatement.  An
audit includes examining on a test basis, evidence supporting the  amounts
and disclosures in the  financial  statements.   An  audit also includes
assessing the  accounting principles  used and significant estimates  made
by  management,  as  well  as evaluating the  overall  financial statement
presentation.  We believe that our audit provides a reasonable basis for our
opinion.

In our opinion, the financial  statements  referred to above present fairly,
in all material respects the financial position  of Muller Media, Inc. as of
March 31, 2001 and 2000, and the results of its operations and its cash flows
for the years ended March 31, 2001 and 2000, in conformity  with  accounting
principles generally accepted in the United States of America.


                                           Feldman Sherb
                                           Certified Public Accountants
New York, New York
November 30, 2001

                                     F-1
<PAGE>



                                 MULLER MEDIA, INC.
                                 ------------------
            (A Wholly Owned Subsidiary of DCI Telecommunications, Inc.)
            -----------------------------------------------------------

                                   BALANCE SHEETS
                                   --------------

<TABLE>
<CAPTION>

BALANCE SHEETS

                                       ASSETS
                                       ------

                                                           MARCH 31,
                                                  ---------------------------
                                                      2001           2000
                                                  ------------   ------------
<S>                                               <C>            <C>
CURRENT ASSETS:
   Cash                                           $  1,364,915   $  1,085,940
   Marketable securities                                38,388         34,650
   Accounts receivable                               2,897,685      2,279,210
   Due from parent                                     228,351         15,900
   Prepaid expenses                                  1,050,000              0
                                                  ------------   ------------
      TOTAL CURRENT ASSETS                           5,579,339      3,415,700

FURNITURE AND EQUIPMENT, net                                 0          5,307

ACCOUNTS RECEIVABLE - LONG TERM                      1,325,136        849,310

GOODWILL                                             1,405,171      1,486,891

DEPOSITS                                                10,300         10,300
                                                  ------------   ------------
                                                  $  8,319,946   $  5,767,508
                                                  ============   ============

                   LIABILITIES AND STOCKHOLDER'S EQUITY
                   ------------------------------------

CURRENT LIABILITIES
   Accounts payable and accrued expenses          $     34,636   $    579,521
   Participations payable - current                          0      1,324,693
   Deferred revenue                                  5,750,694        107,216
                                                  ------------   ------------
      TOTAL CURRENT LIABILITIES                      5,785,330      2,011,430

PARTICIPATIONS PAYABLE - LONG TERM                           0        465,434

STOCKHOLDER'S EQUITY:
   Capital stock, no par value; authorized
      100 shares; issued and outstanding
      100 shares                                         1,000          1,000
   Additional paid-in capital                        1,634,436      1,634,436
   Retained earnings                                   899,180      1,655,208
                                                  ------------   ------------
      TOTAL STOCKHOLDER'S EQUITY                     2,534,616      3,290,644
                                                  ------------   ------------
                                                  $  8,319,946   $  5,767,508
                                                  ============   ============

</TABLE>

                        See notes to financial statements

                                       F-2
<PAGE>


                               MULLER MEDIA, INC.
                               ------------------
          (A Wholly Owned Subsidiary of DCI Telecommunications, Inc.)
          -----------------------------------------------------------

                             STATEMENT OF OPERATIONS
                             -----------------------

<TABLE>
<CAPTION>

STATEMENT OF OPERATIONS

                                                         For the Year Ended
                                                              March 31,
                                                      -----------------------
                                                         2001         2000
                                                      ----------   ----------
<S>                                                   <C>          <C>
Net sales                                             $1,375,085   $2,742,245

Cost of sales                                          1,005,392    1,649,739
                                                      ----------   ----------

Gross profit                                             369,693    1,092,506

Operating expenses:
  Selling, general and administrative                    347,651      397,228
  Salaries and compensation                              769,701      632,458
  Professional and consulting fees                        20,523       59,000
  Depreciation and amortization                           87,026       90,268
                                                      ----------   ----------
                                                       1,224,901    1,178,954

Net loss from operations                                -855,208      -86,448

Interest income                                          454,241      324,701
                                                      ----------   ----------
Income (loss) before income taxes and
  cumulative effect of change in accounting principle   -400,967      238,253
                                                      ----------   ----------

Benefit (provision) for income taxes                      93,000     -135,000

Cumulative effect of change in accounting principle     -448,061            0
                                                      ----------   ----------

Net income (loss)                                     $ -756,028   $  103,253
                                                      ==========   ==========

</TABLE>

                                      F-3

<PAGE>
                                 MULLER MEDIA, INC.
                                 ------------------
            (A Wholly Owned Subsidiary of DCI Telecommunications, Inc.)
            -----------------------------------------------------------

                  STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
                  --------------------------------------------


<TABLE>
<CAPTION>

STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY

                                        Additional                 Total
                               Capital   Paid-In      Retained  Stockholders'
                                Stock    Capital      Earnings     Equity
                               -------- ----------  ----------- -------------
<S>                            <C>      <C>         <C>         <C>
BALANCE AT APRIL 1, 2000       $  1,000  1,634,436  $ 1,551,955 $   3,187,391

   Net income                         0          0      103,253       103,253
                               -------- ----------  ----------- -------------

BALANCE AT MARCH 31, 2000         1,000  1,634,436    1,655,208     3,290,644

   Net loss                           0          0     -756,028      -756,028
                               -------- ----------  ----------- -------------

BALANCE AT MARCH 31, 2001      $  1,000  1,634,436  $   899,180 $   2,534,616
                               ======== ==========  =========== =============

</TABLE>

                                     F-4

<PAGE>

                                 MULLER MEDIA, INC.
                                 ------------------
            (A Wholly Owned Subsidiary of DCI Telecommunications, Inc.)
            -----------------------------------------------------------

                             STATEMENT OF CASH FLOWS
                             -----------------------

<TABLE>
<CAPTION>

STATEMENT OF CASH FLOWS

                                                         For the Year Ended
                                                              March 31,
                                                      -----------------------
                                                         2001         2000
                                                      ----------   ----------
<S>                                                   <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net (loss) income                                   $ -756,028   $  103,253
                                                      ----------   ----------
  Adjustments to reconcile net income (loss) to
  net cash provided by (used in) operating activities:
    Depreciation and amortization                         87,026       90,268

Changes in operating assets and liabilities:
    Accounts receivable                               -1,094,301      567,170
    Prepaid expenses                                 -1,050,000       58,769
    Due from parent                                     -212,451     -233,778
    Accounts payable                                    -544,884       14,036
    Participations' payable                           -1,790,127     -928,011
    Deferred revenue                                   5,643,478       77,216
                                                      ----------   ----------
        Total adjustments                              1,038,741     -354,330
                                                      ----------   ----------

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES      282,713     -251,077
                                                      ----------   ----------

CASH FLOW FROM INVESTING ACTIVITIES
    Marketable securities                                 -3,738        8,140
                                                      ----------   ----------
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES       -3,738        8,140
                                                      ----------   ----------

NET INCREASE (DECREASE) IN CASH                          278,975     -242,937

CASH AT BEGINNING OF YEAR                              1,085,940    1,328,877
                                                      ----------   ----------

CASH AT END OF YEAR                                   $1,364,915   $1,085,940
                                                      ==========   ==========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
   INFORMATION:
      Income taxes paid                               $   20,025   $   45,215
                                                      ==========   ==========

</TABLE>

                                    F-5

<PAGE>

                              MULLER MEDIA, INC.
                              ------------------
                        (A Wholly Owned Subsidiary of
                         DCI Telecommunications, Inc.)

                         NOTES TO FINANCIAL STATEMENTS
                         -----------------------------

                      YEARS ENDED MARCH 31, 2001 AND 2000
                      -----------------------------------

1.    ORGANIZATION
      ------------

      Muller  Media, Inc. a New York Corporation ("Muller" or the "Company") is
      a distributor  of  syndicated  programming  and  motion  pictures  to the
      television   and   cable   industry.    Muller   was   acquired   by  DCI
      Telecommunications, Inc. ("DCI") on November 26, 1996 in a stock purchase
      agreement  to  for  100%  of  the  Company's outstanding common stock for
      1,200,000 shares of DCI common stock.   The DCI stock was valued at $2.50
      per share or $3,000,000.  Per the agreement  Muller  exercised its option
      to  put  the  stock  back  to  the  Company  for $3,000,000. The  Company
      repurchased the shares in March and June 1998.   Goodwill  of  $1,634,436
      was recognized in this transaction.  Accumulated amortization as of March
      31, 2001 was $229,265.

2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      ------------------------------------------

            A.  Revenue  Recognition - Revenue from the distribution of  motion
                --------------------
      pictures and other entertainment  events  is recognized upon commencement
      of  the  station's  licensing  period.   Muller   has   executed  license
      agreements totaling approximately $1,283,000 whose license  period begins
      after March 31, 2001.  The related expense is recorded as the  revenue is
      recognized.   In  addition  Muller  advances funds to producers of motion
      pictures  and  entertainment  events.   These  advances  are  charged  to
      operations  by  amortizing  them over their  estimated  revenue  streams.
      Interest income is imputed on  revenues  earned over periods in excess of
      one year.

            B. Allowance for Bad debts - The Company  writes off all bad debts.
               -----------------------
      Accounts  receivable  at  March  31,  2001  and  2000  are   all   deemed
      collectible.


                                    F-6

<PAGE>






                              MULLER MEDIA, INC.
                              ------------------
                        (A Wholly Owned Subsidiary of
                         DCI Telecommunications, Inc.)

                         NOTES TO FINANCIAL STATEMENTS
                         -----------------------------

            C. Furniture and Equipment - Furniture and equipment are carried at
               -----------------------
      cost.   Depreciation is computed using the straight-line method over  the
      estimated  useful  lives of the asset which range from 5 to 7 years.  The
      Company has $107,347  of furniture and equipment as of March 31, 2001 and
      2000.  Depreciation expense  was  $5,306  and  $7,723 for the years ended
      March  31,  2001  and  2000,  respectively.   These  assets   are   fully
      depreciated as of March 31, 2001.

            D. Marketable Securities - Investments in marketable securities are
               ---------------------
      categorized  as  either  trading, available-for-sale or held to maturity.
      As of March 31, 2001 and 2000  the  Company  had  only available-for-sale
      securities,  which  are stated at fair value, with unrealized  gains  and
      losses reported in stockholder's  equity.   As of March 31, 2001 and 2000
      marketable securities consisted of mutual funds  in the amount of $38,388
      and $34,650, respectively.

            E. Use of Estimates - The preparation of the  financial  statements
               ----------------
      in  conformity  with  generally  accepted  accounting principles requires
      management  to make estimates and assumptions  that  affect  the  amounts
      reported in the  financial  statements  and  accompanying  notes.  Actual
      results could differ from those estimates.

            F.  Income  Taxes  -  Deferred income taxes are determined  on  the
                -------------
      liability method in accordance  with   the  Statement  of  Financial
      Accounting Standards ("SFAS") No. 109, Accounting  for  Income  Taxes.
      The Company elects to file a consolidated tax return with its parent.

            G.   New  Accounting  Pronouncements  -  In  March 2001 the Company
                 ---------------
      changed its accounting method for the recording of licensing arrangements
      with  its  stations  based  on  the  conditions set forth  by  Accounting
      Standards Executive Committee of the AICPA  in  SOP  00-2  "Accounting by
      producers  or Distributors of Films".  The Company retroactively  applied
      this adoption effective April 1, 2000.  The effect of the change for year
      ended March  31, 2001 was to decrease income by $448,061.  The adjustment
      is included in net loss for year ended March 31, 2001.

      In 1999, the Securities  and  Exchange Commission issued Staff Accounting
      Bulletin ("SAB") No. 101 "Revenue  Recognition  in Financial Statements,"
      which became effective in the fourth quarter of 2000.   The  adoption  of
      SAB  No.  101  did  not have a material effect on the Company's financial
      statements.

                                     F-7
<PAGE>

                              MULLER MEDIA, INC.
                              ------------------
                         (A Wholly Owned Subsidiary of
                         DCI Telecommunications, Inc.)

                         NOTES TO FINANCIAL STATEMENTS
                         -----------------------------

      In June 2001, the Financial  Accounting Standards Board issued Statements
      of Financial Accounting Standards No. 141, Business Combinations, and No.
      142, Goodwill and Other Intangible  Assets,  effective  for  fiscal years
      beginning  after  December  15,  2001. Under the new rules, goodwill  and
      intangible  assets deemed to have indefinite  lives  will  no  longer  be
      amortized but  will  be  subject to annual impairment tests in accordance
      with  the  Statements.  Other  intangible  assets  will  continue  to  be
      amortized over their useful  lives.  The Company will apply the new rules
      on accounting for goodwill and  other  intangible assets beginning in the
      first quarter of 2002.  Application of the non-amortization provisions of
      the Statement is not expected to have a  material effect on the Company's
      financial position or operations.

            H.  Fair Value of Financial Instruments  -  The respective carrying
                -----------------------------------
      value  of  certain  on-balance-sheet  financial instruments  approximated
      their fair values.  Fair value estimates  discussed herein are based upon
      certain  market  assumptions  and  pertinent  information   available  to
      management.    These   financial   instruments   include  cash,  accounts
      receivable,  accounts  payable and accrued expenses.   Fair  values  were
      assumed to approximate carrying  values  for  these financial instruments
      since  they  are  short  term  in  nature  and  their  carrying   amounts
      approximate fair values or they are receivable or payable on demand.  The
      fair  value  of  the  Company's  long-term  debt,  which approximates its
      carrying value, is estimated based upon the quoted market  prices for the
      same or similar debt instruments or on the current rates offered  to  the
      Company for debt of the same remaining maturities.

            I.   Deferred Revenue - Deferred revenue consists of motion picture
                 ----------------
      license fees  from  executed  license  arrangements.   These fees will be
      recognized as revenue in future periods when certain conditions are met.

            J.  Asset Impairment - The Company evaluates the recoverability and
                ----------------
      carrying value of its long-lived assets at each balance sheet date, based
      on guidance in SFAS No. 121, Accounting for the Impairment  of Long-Lived
      Assets and for Long-lived Assets to Be disposed Of.  Among other  factors
      considered  in  such evaluation is the historical and projected operating
      performance  of  business   operations,  the  operating  environment  and
      business  strategy,  competitive  information  and  market  trends.   The
      Company did not recognized  any  charges  of during the year ending March
      31, 2001 and 2000, respectively for asset impairment.

                                     F-8
<PAGE>

                              MULLER MEDIA, INC.
                              ------------------
                         (A Wholly Owned Subsidiary of
                         DCI Telecommunications, Inc.)

                         NOTES TO FINANCIAL STATEMENTS
                         -----------------------------
3.    INCOME TAXES
      ------------

      The Company elects to file a consolidated tax  return  with  its  parent.
      Taxes have been provided as if the Company files a separate tax return.

4.    COMMITMENTS
      -----------

      LEASES

      Muller  leases office space and had a noncancelable operating lease  that
      expired in  June  1999.   In May, 1999 the Company exercised an option to
      renew this lease for an additional  two years at an increased annual rent
      of  10% per annum.  The annual rent under  this  lease  is  $49,500.   In
      addition  the  lease  has  an  escalation  clause relating to real estate
      taxes.  Future minimum rental commitments due  on noncancelable leases is
      $9,900 through December 31, 2001.

      During the year ended March 31, 2001 and 2000 rent  expense  was  $50,007
      and $55,863, respectively.


      EMPLOYMENT AGREEMENTS

      Muller  has  employment  agreements  with  certain officers that requires
      Muller to pay  minimum compensation of approximately  $550,000  per year.
      These  contracts  expire  in  June 2002 with a one year extension at  the
      employee's option.

                                      F-9

<PAGE>

-------------------------------------------------------------------------------

ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE.

The Company filed a Current Report dated March 14, 2002 on Form 8-K
containing information pursuant to Item 4 ("Changes in Accountants")
entitled "Changes in Registrant's Certifying Account."

There were no disagreements between the Company and its former CPA, G. Brad
Beckstead on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved
to the satisfaction of G. Brad Beckstead, would have caused them to make
reference to the subject matter of the disagreement in connection with its
report.

On March 18, 2002 the Registrant engaged Merdinger, Fruchter, Rosen &
Corso, P.C. as its principal accountant to audit the Registrant's financial
statements as successor to G. Brad Beckstead.  During the Registrant's two
most recent fiscal years or subsequent interim period, the Registrant has
not consulted Merdinger, Fruchter, Rosen & Corso, P.C. regarding the
application of accounting principles to a specific transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the Registrant's financial statements, nor did Merdinger, Fruchter, Rosen &
Corso, P.C. provide advice to the Registrant, either written or oral, that
was an important factor considered by the Registrant in reaching a decision
as to the accounting, auditing or financial reporting issue.  Further, during
the Registrant's two most recent fiscal years or subsequent interim period,
the Registrant has not consulted Merdinger, Fruchter, Rosen & Corso, P.C.
on any matter that was the subject of a disagreement or a reportable event.


                                       20
<PAGE>


                                    PART III

ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
         COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

The following table sets forth the current officers and directors of Muller
Media, Inc.:

<TABLE>
<CAPTION>

Name                  Age    Position(s) with the Company
----                  ---    ----------------------------
<S>                    <C>   <C>
John J Adams           62    Chairman, Chief Executive Officer and
                             Director

Robert Muller          62    Vice Chairman

Daniel Mulholland      59    President, Chief Operating Officer

Clifford Postelnik     57    Vice President, General Counsel, Secretary and
                             Director

Robert Resker          63    Director

</TABLE>

John J Adams and Clifford Postelnik were officers of the Muller Media Inc that
merged with Business Translation Services Inc.  In addition, John J Adams and
Clifford Postelnik were officers and directors of DCI Telecommunications, under
which The Plan of Merger and Conversion was effectuated. Under the Share
Purchase Agreement of November 12, 2001 which governs the transaction between
DCI Telecommunications Inc. and Business Translation Services Inc. Mr. Adams
and Mr. Postelnik together with Robert Resker were appointed to the Board of
Directors of Business Translation Services, Inc. to replace the former
Directors who resigned.  On November 12, 2001, namely, Kelly Johnson and John
Cavanaugh resigned from the Board of Directors.

Officers are elected by the board of directors and hold office until their
successors are chosen and qualified, until their death or until they resign or
have been removed from office.  All corporate officers serve at the discretion
of the board of directors.  There are no family relationships between any
director or executive officer and any other director or executive officer of
Muller Media, Inc.




                                     21

<PAGE>




Backgrounds of Company Directors and Executive Officers


John J. Adams, Chairman of the Board and CEO
--------------------------------------------

John J Adams was elected to serve on the board of directors and has served
as our Chairman & Chief Executive Officer since November 12, 2001.  Prior to
joining us, Mr. Adams was the Chairman and CEO of DCI Telecommunications,
Inc. From 1999 to 2001 Mr. Adams served as President and CEO of DCI; from
1996 to 1999, Mr. Adams was the Vice President and Chief Marketing Officer
of DCI, an international telecommunications company. From 1993 through 1995,
Mr. Adams was the President of Validation Services, Inc. and Vice-president
of Marketing for R&D Scientific Corporation.  Prior experience included the
Presidency of Prevent Chemicals and various sales and marketing management
positions in the medical manufacturing and distribution field.  Mr. Adams
also had early career experience in the film production and distribution
industry

Robert B. Muller, Vice-Chairman
-------------------------------

Robert B. Muller, is currently Vice-Chairman and had served as President/CEO
of Muller Media Inc., since its inception in January 1982, through June 2001.

In 1970, Mr. Muller was instrumental in starting a new television distribution
company, Gold Key Entertainment, Inc., at the time, a division of Vidtronics,
Co., a wholly owned subsidiary of Technicolor, Inc. (subsequently merged with
Four Star Entertainment). Starting out as their National Sales Manager, Mr.
Muller worked his way up to Vice President and then to President of the
organization, where he remained until starting Muller media in 1982.  Under
his leadership, Gold Key became one of the leading independent television
distribution companies.

He started in the television industry back in 1967 as Regional Sales Manager
for Commonwealth United Corporation; at that time, a large theatrical and
television production/distribution company.


Daniel E. Mulholland, President and Chief Operating Officer
-----------------------------------------------------------

Daniel E. Mulholland, assumed the Presidency and became Chief Operating
Officer in June 2001.  He was previously Executive Vice President of Muller
Media, Inc., since 1984 and has over 25 years experience in the syndication,
broadcasting and advertising industry.  He joined Muller Media, Inc. (MMI)
in 1984.  Previously he had been President of the Delta Television Group.
DTG specialized in the syndication and distribution of feature films and
programs to all media worldwide. DTG was also involved in numerous
co-ventures with such firms as New York Times Syndication, Silverbach-Lazarus,
NCM Entertainment, Limehouse Studios (London) and Alpine Pictures (London).


                                     22

<PAGE>


Mr. Mulholland As a partner in American Television Syndication (1980-1983),
was responsible for the production and worldwide distribution of such
television series as "An Evening at the Improv," "Lorne Greene's New
Wilderness," "The Ed Allen Exercise Show," "The Grand Prix All Star Show,"
and "Hollywood Teen".

Prior to 1980, Mr. Mulholland's experience included three years with Gold
Key Entertainment as Account Executive and National Sales Manager.  From
1976-1977 he was with WPIX-TV, New York, as Account Executive with major
agency and local advertising sales responsibilities. Mr. Mulholland spent
1968-1976 with John Blair & Co., New York (leading television station
representative), as Sales Manager and Account Executive.  He also was a
Senior Media Buyer and Planner for Ted Bates & Co., New York from 1966-1968.


Clifford S. Postelnik, Vice President, General Counsel and Secretary
--------------------------------------------------------------------

Clifford S. Postelnik has served as our Vice President, General Counsel
and Secretary since November 12, 2001 and was elected to serve on the
board of directors. Prior to joining us, Mr. Postelnik was the Managing
Director of European Operations for Fone.com. From 1997 until 1999, when
he joined Fone.com, Mr. Postelnik was the vice president of sales of Edge
Communications, Inc., a prepaid phone card issuer. From 1995 until 1997,
Mr. Postelnik was a vice president of Accent Communications, Inc., a long
distance reseller.  Prior to joining Accent, Mr. Postelnik had a 30-year
career in bilateral carrier contract negotiations and marketing to the
tour and travel industry, airlines and hotels in Europe, Africa and the
Far East.


Robert Resker, Director
-----------------------

Robert Resker has served as a director since November 12,2001.  Mr Resker is
presently the sole proprietor of VKR Services an electronic manufacturers
representative firm.  Mr.Resker served as Principal and President of K&R
Engineering Sales Corp. from 1973 until 1999.  Mr Resker has also been active
as an elected public official both in Mt. Olive and Allamuchy Townships, NJ.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 requires our directors and
executive officers, and persons who beneficially own more than ten percent of a
registered class of our equity securities (referred to as "reporting persons"),
to file with the Securities and Exchange Commission initial reports of
ownership and reports of changes in ownership of common stock and other
Business Translation Services, Inc. equity securities.  Reporting persons are
required by Commission regulations to furnish us with copies of all Section
16(a) forms they file.



                                     23

<PAGE>


ITEM 10.  EXECUTIVE COMPENSATION.




Compensation of Executive Officers:

                                 Summary Compensation Table
                                                                    Long-Term
                                                                   Compensation
                                                                      Awards
                               Annual Compensation       Other      Securities
                                                         Annual     Underlying
Name and Principal Position      Salary($) Bonus($)    Comp.($)     Options(#)
---------------------------     --------- --------    --------      ----------
John J. Adams
Chairman of the Board
and CEO                          125,000     None        None        None

Robert B. Muller
Vice-Chairman                    200,000     None        None        None

Daniel E. Mulholland
President
Chief Operating Officer          226,000     None        None        None

Clifford S. Postelnik
Vice President
General Counsel
Secretary                        125,000     None        None        None

Robert Resker
Director                          None       None        None        None

Compensation of Directors

Employment Contracts and Termination of Employment and Change-in-Control
Arrangements.  (See Exhibits 10.1, 10.2, 10.3, and 10.4 entitled "Employment
Agreements.")

When we completed the Plan of Merger and Conversion with Muller Media Inc.,
on November 12, 2001, John J Adams became the Chairman and Chief executive
Officer of Business Translation Services Inc, which subsequently changed its
Name to Muller Media, Inc.   Mr. Adam's has a five year evergreen employment
agreement whereupon he would be paid an annual salary of $125,000.
(See Exhibit 10.1 "Employment Agreement.")

In addition, Clifford S Postelnik upon completion of the Plan of Merger and
Conversion became Vice President , General Counsel and Secretary of Business
Translation Inc. Mr Postelnik has a five year evergreen employment agreement
whereupon he would be paid an annual salary of $125,000.  (See Exhibit 10.2
"Employment Agreement.")

                                     24
<PAGE>

Mr. Muller has an existing employment agreement renewable on a year to year
basis to be paid an annual salary of $200,000.

Mr. Mulholland also has an existing employment agreement for a three year
period beginning June 9, 2001 to be paid an annual salary of $226,000.
((See Exhibit 10.3 "Employment Agreement.")

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information concerning stock ownership of
(i) each director, (ii) each executive officer, (iii) the directors and
officers of the Company as a group, (iv) and each person known by the
Company to own beneficially more than five percent (5%) of the Common Stock.




                                                                    Percent of
                                             Number of             Outstanding
                                              Common       Right     Shares of
Name(1)                      Position     Shares Owned  to Acquire     Class
-------                      --------     ------------  ----------  ----------
John J. Adams(1)            Chairman/CEO   See note below
Robert B. Muller(2)         Vice Chairman            0     None          0.0%
Daniel E. Mulholland(3)     Pres./COO                0     None          0.0%
Clifford S. Postelnik(4)    VP/General
                            Counsel/Sec.   See note below
Robert Resker(5)            Director                 0     None          0.0%
DCI Tele-
   communications, Inc.(6)  Shareholder     10,000,000    See note (9)  75.9%
Virtual Funds, Inc.(7)      Shareholder      2,027,000    1,200,000(10) 15.4%
Equity Securities(8)        Shareholder        700,000    1,100,000      5.3%
--------------------------  -----------     ----------    ---------    ------

All officers and directors as a
group (5 persons)



(1)  John J. Adams, 11 East 47th Street, Third Floor, New York, New York 10017.
Mr. Adams owns 250,000 shares of common stock of DCI Telecommunications, which
now owns 10,000,000 shares of our common stock.

(2)  Robert B. Muller, 11 East 47th Street, Third Floor, New York, New York
10017.

(3)  Daniel E. Mulholland, 11 East 47th Street, Third Floor, New York, New
York  10017.

(4)  Clifford S. Postelnik, 11 East 47th Street, Third Floor, New York,
New York  10017.  Mr. Postelnik owns 200,000 shares of common stock of DCI
which now owns 10,000,000 common shares of our capital stock.

                                     25

<PAGE>

(5)  Robert Resker, 11 East 47th Street, Third Floor, New York, New York
10017.

(6) The address of DCI Telecommunications, Inc. is 488 Schooley's Mountain
    Road, New Jersey  07840.

(7) The address of the Virtual Funds Inc., is 6462 City West Parkway,
    Suite 175, Eden Prairie, Minnesota  55344.

(8) The address for Equity Securities Investments, Inc. is Golden Hills
    Office Center, 701 Xenia Avenue South, Suite 100, Golden Valley, MN
    55416

(9) On November 12, 2001, DCI Telecommunication purchased 10,000,000 shares
of Business Translation Services common stock, accounting for 82% of Business
Translation Services' issued and outstanding stock after the sale.  As part
of the cost of the merger, the Company also issued an aggregate of 2,300,000
common stock purchase warrants, 1,200,000 warrants have an exercise price
of $0.125 and the remaining 1,100,000 warrants have an exercise price of
$0.025.   All of the warrants are exercisable through November 12, 2006.

(10)  On November 12, 2001, the Virtual Fund acquired beneficial ownership
of 2,075,000 additional shares of the Issuer's common stock in a privately
negotiated transaction as follows:  Virtual Fund made a $300,000 loan
to the Issuer pursuant to a Convertible Promissory Note.  At the initial
conversion price of $0.50 per share, the Note is convertible into 600,000
shares of Common Stock.  In connection with this loan, the Virtual Fund
received an additional 275,000 shares of Common Stock and a warrant to
purchase 1,200,000 shares of Common Stock at a price per share of $0.125.
Therefore, Virtual Fund beneficially owns 3,827,000 shares of Common Stock
of the Issuer, constituting approximately 25.6% of the outstanding Common
Stock of the Issuer, based on 13,175,750 shares outstanding after completion
of the transactions.  The shares beneficially owned by the Reporting Person
include (i) 2,027,000 shares that are currently outstanding, (ii) 600,000
shares that could be acquired by Virtual Fund upon conversion of a promissory
note, and (iii) 1,200,000 shares that could be acquired by the Reporting
Person upon exercise of common stock purchase warrants.

B.  Persons Sharing Ownership of Control of Shares

    No person other than DCI Telecommunications, Inc., Virtual Funds Inc.
and Equity Securities Investments, Inc. own or shares the power to vote five
percent (5%) or more of the Company's securities.

C.  Non-voting Securities and Principal Holders Thereof

The Company has not issued any non-voting securities.

E.  Parents of Issuer

Under the definition of parent, as including any person or business entity
who controls substantially all (more than 80%) of the issuers of common
stock, the Company has no parents.

                                       26
<PAGE>

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Through a Board Resolution, the Company hired the professional services of
Merdinger, Fruchter, Rosen & Corso, P.C., Certified Public Accountants, to
perform audited financials for the Company.  Merdinger, Fruchter, Rosen &
Corso, P.C., owns no stock in the Company.  The company has no formal
contracts with its accountant, they are paid on a fee for service basis.

John J Adams, our Chief Executive Officer, Chairman and director, was formerly
a director of Muller Media Inc., and the Chairman and Chief executive Officer
of DCI, from whom we merged with Muller Media Inc..  Mr. Adams owns 250,000
shares of common stock of DCI, which now owns 10,000,000 shares of our common
stock.

Clifford S. Postelnik, our Secretary and General Counsel was formerly a
Director of Muller Media Inc. prior to the merger as well as Secretary and
General Counsel of DCI Telecommunications, Inc. Mr. Postelnik owns 200,000
shares of common stock of DCI which now owns 10,000,000 common shares of our
capital stock.

As consideration for the merger of Muller Media, Inc., we issued 10,000,000
shares of our common stock to DCI, the former parent of Muller Media Inc.
Consequently, DCI now owns approximately 80.2% of our outstanding shares of
common stock.  We also assumed certain liabilities of DCI in the Merger of
Muller Media Inc.

The Company has no official policy regarding material transactions between
its directors and officers.  The Company generally seeks to have any such
transaction approved or ratified by a majority of our directors who lack a
personal interest in the matter.  Since the Company has only three directors,
that approval or ratification is not always available.



                                     27

<PAGE>


ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K.

(a)  EXHIBITS.

The following documents are included or incorporated by reference as exhibits
to this report:

EXHIBIT
  NO.                        DOCUMENT DESCRIPTION
-------  ----------------------------------------------------------------------
(3)      ARTICLES OF INCORPORATION AND BY-LAWS

  3.1  Articles of Incorporation of the Company filed July 1, 1999 (1)
  3.2  Certificate of Amendment to Articles of Incorporation filed July 26,
       1999 (1)
  3.3  By-Laws of the Company adopted July 28, 1999 (1)

(4)      INSTRUMENTS DEFINING THE RIGHTS OF SECURITY HOLDERS

  4.1    Sample of Stock Certificate (1)

(10)     Material Contracts

  10.1   Employment Agreement with John J. Adams (2)
  10.2   Employment Agreement with Clifford S. Postelnik (2)
  10.3   Employment Agreement with Daniel Mulholland (2)
  10.4   Employment Agreement with Robert Muller (2)

(23)     CONSENT OF EXPERTS AND COUNSEL

  23.1  Letter of Consent from G. Brad Beckstead, CPA (1)

(27)     FINANCIAL DATA SCHEDULE

  27.1   Financial Data Schedule (1)
----------------
(1)  Previously filed as an exhibit to our registration statement on Form 10-SB
     (the "Registration  Statement"), which was filed on June 19, 2000, and
     incorporated herein by reference.

(2)  This filing.


                                       28
<PAGE>


(b)  REPORTS ON FORM 8-K

The Company filed a Current Report dated October 30, 2001, pursuant to Item 1
("Change in Control of Registrant") and Item 5 ("Other Materially Important
Events"), entitled "Change in Corporate address."

The Company filed a Current Report dated November 12, 2001, pursuant to Item 1
("Change in Control of Registrant") and Item 5 ("Other Materially Important
Events"), entitled "Change in Corporate Directors."

The Company filed a Current Report dated November 12, 2001, pursuant to
Item 5 ("Other Materially Important Events"), and Item 7 ("Exhibits")
entitled Agreement and Plan of Merger."

The Company filed a Current Report dated March 14, 2002, pursuant to Item 4
("Changes in Accountants") entitled "Changes in Registrant's Certifying
Account" and pursuant to Item 7 ("Exhibits") entitled "Letter regarding
Change in Certifying Accountant."  See Item 8 above, entitled, "Changes in
and Disagreements with Accountants on Accounting."


                                       29
<PAGE>


                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Date:  April 5, 2002                 Muller Media, Inc.

                                     /s/ John J. Adams
                                     ---------------------
                                     Chairman of the Board
                                     CEO and Director

         In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Date:  April 5, 2002                 Muller Media, Inc.

                                     /s/ Clifford Postelnik
                                     -------------------------------
                                     Vice President, General Counsel,
                                     Secretary and Director



                                      30

<PAGE>