<PAGE>

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

                                Form 10-QSB


(Mark One)

 /X/ Quarterly Report under Section 13 or 15(d) of the Securities
     Exchange Act of 1934

             For the quarterly period ended November 30, 1996

 / / Transition Report under Section 13 or 15(d) of the 
     Securities Exchange Act of 1934 [No Fee Required] for the
     transition period from ________ to ___________

                      Commission File Number: 0-20879
                                     
                            MAR VENTURES, INC.
              (Name of small business issuer in its charter)


          Delaware                                          95-4580642     
(State or other jurisdiction of                         (I.R.S. Employer   
incorporation or organization)                          Identification No.)


                    16661 Ventura Boulevard, Suite 224
                         Encino, California  91436
                Issuer's Telephone Number:  (818) 784-0040 
         (Address and phone number of principal executive offices)


     Check whether the issuer (1) filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act
during the past 12 months (or 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       
                               ___          ___

     The Registrant has 480,000 shares of common stock, par value
$.01 per share, issued and outstanding as of November 30, 1996.


                                    1
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                         INDEX TO QUARTERLY REPORT
                              ON FORM 10-QSB


PART I    FINANCIAL INFORMATION
                                                                       PAGE

Item 1.   Financial Information                                           3

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations                             8


PART II   OTHER INFORMATION

Item 1.   Legal Proceedings                                              10

Item 2.   Change in Securities                                           10

Item 3.   Defaults upon Senior Securities                                10

Item 4.   Submission of Matters to a Vote
          of Securities Holders                                          10

Item 5.   Other Information                                              10

Item 6.   Exhibits and Reports on Form 8-K                               10

Signatures                                                               11




















                                    2

<PAGE>
                     PART I     FINANCIAL INFORMATION


ITEM 1.   FINANCIAL STATEMENTS

             (Financial Statements Commence on Following Page)










































                                    3
<PAGE>
MAR VENTURES, INC.
<TABLE>
<CAPTION>
BALANCE SHEET
NOVEMBER 30, 1996 (Unaudited)

________________________________________________________________________
<S>                                                          <C>
ASSETS

CASH                                                         $   6,663 

ACCOUNTS RECEIVABLE                                             23,629 

PROGRAM INVENTORY, Net                                          20,000 

FURNITURE AND FIXTURES - Net of 
  accumulated depreciation of $3,764                               322 

OTHER ASSETS                                                     4,200 
                                                             __________

TOTAL ASSETS                                                    54,814 


LIABILITIES AND SHAREHOLDERS' DEFICIT

LIABILITIES:
Accounts payable and accrued expenses                           19,399 
Accrued interest expense to related party                       36,125 
Deposits                                                         2,000 
Deferred income                                                  3,000 
                                                             __________
Total liabilities                                               60,524 

SHAREHOLDERS' DEFICIT:
Common stock (par value - $.001, 
  30,000,000 shares authorized, 
  480,000 issued and outstanding)                                  480 
Contributed capital                                             99,398 
Accumulated deficit                                           (105,588)
                                                             __________
Total shareholders' deficit                                     (5,710)

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                   $  54,814 
</TABLE>
See accompanying notes to financial statements.
________________________________________________________________________

                                      4
<PAGE>
MAR VENTURES, INC.
<TABLE>
<CAPTION>
STATEMENT OF OPERATIONSFOR THE THREE MONTHS ENDED NOVEMBER 30, 1996
(Unaudited)
________________________________________________________________________

<S>                                                           <C>
REVENUES                                                      $  2,872 
                                                              _________

COST OF PROGRAMS AND DISTRIBUTION FEES                             905 
                                                              _________

EXPENSES:
Consulting fees to majority shareholder                          5,000 
General and administrative                                       5,609 
Professional fees                                                1,755 
Rent                                                             1,188 
                                                              _________
Total expenses                                                  13,552 

NET LOSS                                                      $(11,585)


NET LOSS PER SHARE                                            $   (.02)

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING                  480,000 
</TABLE>

See accompanying notes to financial statements.


________________________________________________________________________















                                      5
<PAGE>
MAR VENTURES, INC.
<TABLE>
<CAPTION>
STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED NOVEMBER 30, 1996 (Unaudited)
________________________________________________________________________

<S>                                                           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                                      $(11,585)
Adjustments to reconcile net loss to 
  net cash provided (used) by 
  operating activities:
  Changes in operating assets and 
    liabilities:
    Accounts receivable                                          2,371 
    Accounts payable and accrued expenses                      (11,141)
                                                              _________
Net cash used by operating activities                          (20,355)

CASH, BEGINNING OF PERIOD                                       27,018 
                                                              _________
 
CASH, END OF PERIOD                                           $  6,663 


SUPPLEMENTAL DISCLOSURE OF CASH FLOW 
  INFORMATION:
Cash paid for interest                                        $   -0-  
Cash paid for income taxes                                    $   -0-  
</TABLE>

See accompanying notes to financial statements.


________________________________________________________________________













                                      6
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1.

                               MAR VENTURES, INC.

                       NOTES TO THE FINANCIAL STATEMENTS


1.   The accompanying Financial Statements have been prepared in
     accordance with generally accepted accounting principles for
     interim financial information and with the instructions to Form 10-
     QSB and Regulation S-B.  Accordingly, they do not include all of
     the information and footnotes required by generally accepted
     accounting principles for complete financial statements.  In the
     opinion of management, all adjustments (consisting only of normal
     recurring adjustments) considered necessary for a fair presentation
     have been included.  

     For further information refer to the Financial Statements and
     footnotes included in the Registrant's Annual Report on Form 10-KSB
     for the year ended August 31, 1996.

     The Results of Operations for any interim period are not
     necessarily indicative of the results to be expected for the full
     fiscal year ended August 31, 1997.

     UNCLASSIFIED BALANCE SHEET - In accordance with the provisions of
     SFAS No. 53, the Company has elected to present an unclassified
     balance sheet.

     PER SHARE INFORMATION - Net loss per share for the periods
     presented is computed on the basis of the weighted average common
     shares outstanding.  


________________________________________________________________________












                                      7
<PAGE>
ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 
          CONDITION
          AND RESULTS OF OPERATIONS

GENERAL

        The Company was incorporated under the laws of the State of
Delaware on March 27, 1996, as a wholly owned subsidiary of Bexy
Communications, Inc.  On April 16, 1996, the Company, pursuant to the
terms of an Asset Transfer and Assumption Agreement, acquired the assets
of Bexy totaling approximately $110,000, in exchange for 452,000 shares
of its common stock.  The Company, also under the terms of the
agreement, assumed liabilities of approximately $84,000.

        As part of a Plan of Reorganization adopted by the Bexy
shareholders at a special meeting on July 2, 1996, the 452,000 Mar
Venture shares were distributed to the stockholders of record of Bexy as
of July 2, 1996.  Each Bexy stockholder received one share of Mar
Ventures for every four shares of Bexy, held on the record date.

RESULTS OF OPERATIONS

        License revenue from the Company s library for the quarter ended
November 30, 1996, was $2,872.  The low revenue was mainly due to the
Company's existing film library having previously been licensed in most
major territories, and that no new programming was acquired by the
Company during this period.  Management does not anticipate any future
significant increase in revenues from the licensing of the Company's
current film library.

        The Company's net loss for the three months ending November 30,
1996, was $11,585.  The majority of the loss was incurred as a result of
the fees paid for legal, accounting, and other professional consulting
services.  Included in this amount was the payment of $5,000 to the
Company's President and principal shareholder for his services as a
consultant to the Company.

LIQUIDITY AND CAPITAL RESOURCES

        At November 30, 1996, the Company's cash and accounts receivable
were insufficient to insure the Company's continued existence as a going
concern.  During the period ending November 30, 1996, the Company had a
negative cash flow from operating activities of $20,335.  Management
expects to meet its current cash requirements through license revenues,
borrowings from a related party as necessary, and the sale of equity. 
Management has and will continue during the next twelve months to meet
with investment bankers and individual investors who may be attracted to
the Company's business plan.

                                      8
<PAGE>
THERE CAN BE NO ASSURANCES THAT THE RELATED PARTY WILL CONTINUE TO
ADVANCE FUNDS IN ORDER TO MEET THE COMPANY'S REQUIREMENTS, OR THAT THE
COMPANY WILL BE SUCCESSFUL IN SELLING EQUITY.














































                                      9
<PAGE>
  
  
                        PART II     OTHER INFORMATION
  
  
  ITEM 1. LEGAL PROCEEDINGS    The Company is not a party to any
          legal proceedings.
  
  ITEM 2. CHANGES IN SECURITIES    None.
          
  ITEM 3. DEFAULTS UPON SENIOR SECURITIES    None.
  
  ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
          During the quarter ended November 30, 1996, no matters
          were submitted to the Company's security holders.
  
  ITEM 5. OTHER INFORMATION    None.
  
  ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K    None.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
                                        10
  <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.
  
                              Mar Ventures, Inc.
  
  
  
  Dated: January 2, 1997      By: /s/ Buddy Young                
                                  _______________________________
                                  Buddy Young,
                                  President (principal executive
                                  officer) and Treasurer (principal
                                  financial and accounting officer)
  
  
  
  In accordance with the Exchange Act, this report has been signed
  below by the following persons on behalf of the registrant and in
  the capacities and on the dates indicated.
  
  
  
  Dated:  January 2, 1997     /s/ Buddy Young                
                              _______________________________
                              Buddy Young, Director
  
  
  Dated:  January 2, 1997     /s/ L. Stephen Albright        
                              _______________________________
                              L. Stephen Albright, Director
  
  
  Dated:  January 2, 1997     /s/ Steven Katten              
                              _______________________________
                              Steven Katten, Director
  
  
  
  
  
  
  
  
  
                                         11