SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

Filed by the Registrant [X]

Filed by a Party other than the Registrant

[ ] Check the appropriate box:

[X] Preliminary Proxy Statement (Amended)

[ ] Confidential for Use of the Commission Only (as permitted by Rule 14a-6(e)
    (2)

[ ] Definitive Proxy Statement

[ ] Definitive Additional Materials

[ ] Soliciting Material Pursuant to S 240.14a-11(c) or S 240.14a-12


                                 FILMWORLD, INC.
                                 ---------------
                (Name of Registrant as Specified in Its Charter)


- --------------------------------------------------------------------------------
     (Name of Person(s) Filing Proxy Statement if other than the Registrant)


Payment of Filing Fee (Check the appropriate box):

[X] No Fee Required

[ ] Fee computed on table below per Exchange Act Rules 14a-6(i) (4) and 0-11.

         1.       Title  of  each  class  of  securities  to  which  transaction
                  applies:

         2.       Aggregate number of securities to which transaction applies:

         3.       Per  unit  price  or other  underlying  value  of  transaction
                  computed  pursuant  to  Exchange  Act Rule 0-11 (set forth the
                  amount on which the filing fee is calculated  and state how it
                  was determined):

         4.       Proposed maximum aggregate value of transaction:

         5.       Total  fee  paid:[  ] Fee  paid  previously  with  preliminary
                  materials.





[ ] Check box if any part of the fee is offset as provided by Exchange  Act Rule
0-11(a)  (2) and  identify  the  filing  for which the  offsetting  fee was paid
previously.  Identify the previous filing by registration  statement  number, or
the Form or Schedule and the date of its filing.

         1.       Amount Previously Paid:

         2.       Form, Schedule or Registration Statement No.:

         3.       Filing Party:

         4.       Date Filed.





                                 FILMWORLD, INC.
                              1650 Meadow Wood Lane
                               Reno, Nevada 89502
- --------------------------------------------------------------------------------

                   NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
                        To Be Held Monday, April 9, 2001

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

TO:      The Stockholders of FilmWorld, Inc.

NOTICE IS HEREBY  GIVEN that an Annual  Meeting of  Stockholders  of  FilmWorld,
Inc., a Nevada corporation (the "Company"), will be held at:

TIME:. . . . . . . . .                      10:00 a.m., Pacific Standard Time,
                                            on Monday, April 9, 2001.

PLACE. . . . . . . . .                      1650 Meadow Wood Lane, Reno, Nevada

ITEMS OF BUSINESS. . .              (1)     To approve a merger of the Company's
                                            subsidiary,  SulphCo, Inc., into the
                                            Company   with  a   change   in  the
                                            Company's name from FilmWorld,  Inc.
                                            to SulphCo

                                    (2)     To  elect  five (5)  members  of the
                                            Board of  Directors to serve for one
                                            (1) year, or until their  successors
                                            are duly elected.

                                    (3)     To approve the  selection  of Arthur
                                            Young as the  independent  Certified
                                            Public  Accountant  to  examine  the
                                            Company's financial statements.

                                    (4)     To transact  such other  business as
                                            may properly  come before the Annual
                                            Meeting, or any adjournment thereof.

RECORD DATE. . . . . .                      Holders  of Common  Shares of record
                                            at the  close of  business  on March
                                            26,  2001 are  entitled to notice of
                                            and  to  vote  at  the  meeting.   A
                                            complete   list   of    stockholders
                                            entitled   to  vote  at  the  Annual
                                            Meeting for any  purpose  germane to
                                            the Annual Meeting will be available
                                            for  examination  at  the  Company's
                                            principal  executive offices located
                                            at  1650  Meadow  Wood  Lane,  Reno,
                                            Nevada  during   ordinary   business
                                            hours  for a period  of at least ten
                                            (10)  days   prior  to  the   Annual
                                            Meeting  and will also be  available
                                            for   inspection   at   the   Annual
                                            Meeting.


                                       1





ANNUAL REPORT. . . . .                      The Annual Report of the Company for
                                            2000, which is not part of the proxy
                                            solicitation  will be  mailed to all
                                            stockholders.   This  Annual  Report
                                            contains a cover letter and the Form
                                            10-KSB Annual Report.

PROXY VOTING . . . . .                      It is important  that your shares be
                                            represented  and voted at the Annual
                                            Meeting. MARK, SIGN, DATE AND RETURN
                                            PROMPTLY the enclosed  proxy card in
                                            the postage paid envelope  furnished
                                            for that  purpose.  Any Proxy may be
                                            revoked in the manner  described  in
                                            the accompanying  Proxy Statement at
                                            any time  prior to its  exercise  at
                                            the meeting.

YOUR VOTE IS IMPORTANT  REGARDLESS OF THE NUMBER OF SHARES THAT YOU OWN. WHETHER
OR NOT YOU EXPECT TO ATTEND THE ANNUAL MEETING IN PERSONS, PLEASE COMPLETE, DATE
AND  SIGN THE  ENCLOSED  PROXY  AND  RETURN  IT  WITHOUT  DELAY IN THE  ENCLOSED
ENVELOPE,  WHICH REQUIRES NO ADDITIONAL  POSTAGE IF MAILED IN THE UNITED STATES.
IF YOU ATTEND THE ANNUAL  MEETING,  YOU MAY THEN WITHDRAW YOUR PROXY AND VOTE IN
PERSON.

                                                FILMWORLD, INC.

                                            /s/ Mark T. Cullen, M.D.
                                            ------------------------
                                                Mark T. Cullen, M.D
                                                President

Reno, Nevada
March 26, 2001


                                       2



                              1650 Meadow Wood Lane
                               Reno, Nevada 89502
                            (775) 829-1310 Telephone
                               Fax (775) 829-1351


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

                                 PROXY STATEMENT

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


These proxy materials are furnished in connection  with the  solicitation by the
Board of Directors of FILMWORLD, INC., a Nevada corporation, ("FilmWorld" or the
"Company") of proxies to be used at the 2001 Annual Meeting of  Shareholders  of
the Company and at any adjournment thereof.

You are cordially invited to attend  FilmWorld's  Annual Meeting of Shareholders
on Monday,  April 9, 2001,  beginning at 10:00 o'clock a.m., local time, at 1650
Meadow Wood Lane, Reno, Nevada.  Shareholders will be admitted beginning at 9:30
a.m.

This Proxy Statement and accompanying forms of proxy and voting instructions are
being mailed to holders of capital stock on the record date,  which is the close
of business on Monday, March 26, 2001 (the "Record Date").

PROXIES:
- --------

Your vote is important.  Because many shareholders  cannot personally attend the
Annual  Meeting,  it is necessary  that a large number be  represented by proxy.
Shareholders may sign, date and mail their proxies in the postage-paid  envelope
provided.

Proxies may be revoked at any time before they are  exercised by written  notice
to the Corporate Secretary,  by timely notice of a properly executed later dated
proxy or by voting in person at the Meeting.

Voting  your proxy by mail will in no way limit your right to vote at the Annual
Meeting if you later decide to attend in person.  If your shares are held in the
name of a broker,  bank or other  holder  of  record,  you must  obtain a proxy,
executed  in your  favor,  from the  holder  of record to be able to vote at the
meeting.

All  shares  entitled  to vote and  represented  by  properly  executed  proxies
received prior to the Annual Meeting and not revoked will be voted at the Annual
Meeting in accordance with the  instructions  indicated on those proxies.  If no
instructions are indicated on a properly executed proxy, the shares  represented
by that proxy will be voted as recommended by the Board of Directors.

If  any  other  matters  are  properly  presented  at  the  Annual  Meeting  for
consideration,  including,  among  other  things,  consideration  of a motion to
adjourn the Annual  Meeting to another  time or place,  the person  named in the
enclosed form of proxy and acting thereunder will have the discretion to vote on
those matters in accordance with their best


                                       3



judgment to the same extent as the person signing the proxy would be entitled to
vote.  FilmWorld  does not currently  anticipate  that any other matters will be
raised at the Annual Meeting.

SHAREHOLDERS ENTITLED TO VOTE:
- ------------------------------

Holders of record of the Company's capital stock at the close of business on the
Record Date are entitled to notice of and to vote at the Annual Meeting.

On March 26, 2001,  there were 22,712,800  shares of capital stock  outstanding.
Each share is entitled  to one (1) vote on each  matter  properly to come before
the meeting.

REQUIRED VOTE:
- -------------

The presence,  in person or by proxy,  of the holders of a majority of the votes
entitled to be cast by the shareholders entitled to vote generally at the Annual
Meeting is necessary to constitute a quorum.  Abstentions and broker "non-votes"
are  counted as present  and  entitled to vote for  purposes  of  determining  a
quorum.  A  broker  "non-vote"  occurs  when  a  nominee  holding  shares  for a
beneficial owner does not vote on a particular proposal because the nominee does
not have  discretionary  voting  power  with  respect  to that  item and has not
received instructions from the beneficial owner.

A majority  of the  outstanding  stock is  required to approve the merger of the
subsidiary into FilmWorld, Inc. with a corporate name change to SulphCo.

A plurality of votes duly cast is required for the election of Directors  (i.e.,
the  nominees   receiving  the  greatest  number  of  votes  will  be  elected).
Abstentions and broker "non- votes" are not counted for purposes of the election
of Directors.

The affirmative vote by the holders of the majority of the capital stock present
in person or represented by proxy and entitled to vote on the matter is required
to  approve  any  other  matter  to be  acted  upon at the  Annual  Meeting.  An
abstention  is counted as a vote against and a broker  "non-vote" is not counted
for purposes of approving other matters to be acted upon at the Annual Meeting.

COST OF PROXY SOLICITATION:
- ---------------------------

The cost of  soliciting  proxies  will be borne by the  Company.  Proxies may be
solicited  on behalf of the Company by  officers,  directors or employees of the
Company  in  person  or  by  telephone,  facsimile  transmission,   telegram  or
electronic transmission.

In accordance  with the  regulations of the SEC, the Company will also reimburse
brokerage  houses  and other  custodians,  nominees  and  fiduciaries  for their
expenses incurred in sending proxies and proxy material to the beneficial owners
of the capital stock of the Company.


                                       4



ITEMS OF BUSINESS FOR THE SHAREHOLDERS MEETING:
- -----------------------------------------------

VI.      MERGER
         ------

The Company will merge its wholly-owned  subsidiary GRD, Inc., doing business as
SulphCo,  Inc., into the Company and change the corporate name to SulphCo, which
will more clearly  reflect the business  operations  of the Company.  Management
views this merger as a general  "housekeeping"  matter. The Company already owns
all of the issued and outstanding  shares of GRD, Inc.  Accordingly,  the merger
will not result in any transfer of value to the Company's security holders.  The
terms of the merger  provide that the Company will be the  surviving  entity and
that the  Company's  name will be changed to  SulphCo,  Inc.  The shares of GRD,
Inc.'s  common stock now owned by the Company will be retired and no  additional
shares of the  Company's  common stock will be issued as part of this merger.  A
majority of the  outstanding  stock voting in favor of the merger is required to
ratify and adopt the merger plan.

The Board of Directors  recommends that the shareholders  vote for the merger of
the Company's  subsidiary  into the Company and that the  corporate  name of the
Company be changed from F ilmWorld, Inc. to SulphCo, Inc.

VII.     ELECTION OF DIRECTORS:
         ---------------------

The  present  Board  of  Directors  consists  of four  (4)  individuals  who are
currently serving in that capacity.

The person, Mark T. Cullen,  M.D., named in the enclosed proxy,  intends to vote
such proxy for the  election of the five (5) nominees  named  below,  unless the
shareholder  indicates  on the proxy card that the vote should be withheld  from
any or all of such nominees. Each nominee elected as a director will continue in
office until his or her successor has been duly qualified and elected,  or until
his or her earlier death, resignation or retirement.

The Board of  Directors  has  proposed  the  following  nominees for election as
directors at the Annual Meeting:

                           Dr. Rudolph Gunnerman
                           Dr. Mark T. Cullen
                           Harry Holman
                           Joseph W. Sutton
                           Alexander H. Walker, Jr.

The Board of  Directors  recommends  a vote for the  election of the above named
nominees as directors.

The  Company  expects  each  nominee  for  election  as a director at the Annual
Meeting to be able to accept such nomination. If any nominee is unable to accept
such  nomination,  proxies  will be voted in  favor  of the  remainder  of those
nominated and may be voted for a substitute  nominees.  All of such nominees are
currently directors. Set forth below is the principal occupation of, and certain
other information regarding such nominees:


                                       5



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

                                    NOMINEES

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

         Dr.  Rudolph  Gunnerman,  Director  and the  Company's  Chairman of the
Board, is a 72-year-old  entrepreneur who studied mathematics and physics at the
University of Munich,  Germany  before he immigrated to the United  States.  Dr.
Gunnerman has invented a series of successful technologies,  including fireproof
building materials and wood pellets.  Thereafter, in his quest to reduce Nitrous
Oxide, a major source of ozone  depletion,  Dr.  Gunnerman  invented A-55 C lean
Fuels and is currently  Chairman of Clean Fuels  Technology,  Inc. Dr. Gunnerman
holds three honorary doctorate degrees.  Dr. Gunnerman has loaned $250,000.00 to
pay the current debts of the Company.

         Dr.  Mark T.  Cullen  is 44  years  old and a  Director  and the  Chief
Executive  Officer  and  President  of the  Company.  He  received  his B.S.  in
Chemistry and pursued a medical  career.  After receiving his M.D. degree he did
post graduate work at Yale University, first as a Post Doctoral Research Fellow,
then as Resident and Fellow in the Department of Obstetrics and  Gynecology.  He
was director of The Fetal  Diagnostic  Program at the  University  of Florida at
Jacksonville and Director of Obstetrics and Gynecology,  Florida  Hospital.  Dr.
Cullen was Associate  Clinical Professor at the University of Nevada and Medical
Director of Obsterix,  Nevada.  (NASD). He is currently Chairman of the Board of
NewStem,  a startup biotech firm and Director of Idria Oil and Gas, Inc., Geneva
Switzerland.  Dr. Cullen has authored 26 peer review papers and  contributed  to
several chapters in medical books and is also member of Sterling's Who's Who.

         Joseph W.  Sutton,  age 54, was  appointed  a director  by the Board of
Directors of the Company in February of 2001.  Mr.  Sutton  recently  retired as
Vice Chairman of Enron Corp. Enron Corp. is an energy and communications company
with its home office located in Houston,  Texas. Enron produces  electricity and
natural gas;  develops,  constructs and operates  energy  facilities  worldwide;
delivers  physical  commodities  and financial and risk  management  services to
customers  around the world;  and is  developing  a leading  broadband  services
business.  Prior to departing  Enron,  Mr.  Sutton was a member of the three man
Office of the Chairman of Enron Corp. In this rose,  Mr. Sutton was  responsible
for the oversight of Enron's retail  business (Enron Energy  Services),  Enron's
full range international businesses, Enron Construction and Engineering Company,
all of Enron's North America  pipelines,  Enron's  Global E&P Business,  Enron's
Investment  Partners,  Enron  Wind  Company,  and a  large  portion  of  Enron's
Wholesale  Energy business.  During his time as Vice Chairman,  Enron formed its
new Broadband  Services  business and  introduced  Enron OnLine.  Before joining
Enron,  Mr.  Sutton was a career  officer in the U.S.  Army.  Mr.  Sutton  holds
B.B.A., M.S. and M.B.A. degrees from Ohio, Indiana and Long Island Universities.
He currently serves on the US-India Business Council,  EXIM Advisory  Committee,
the Board of Directors of the Boy Scouts, Cynthia Woods Mitchell Pavilion Board,
Ohio  University-School  of  Business  Executive  Advisory  Board,  and  Houston
Minority Business Council - Executive  Advisory Board,  among several others. He
also served on several Enron affiliate boards of directors  throughout the world
and was a member of the Executive and Management Committee of Enron Corp.


                                       6



         Alexander H. Walker,  Jr., age 74, is the  Secretary  and a Director of
the  Company.  Mr.  Walker has served as a Director  since July 1, 1999.  He was
elected as Secretary  of the Company on December 18, 2000.  He received his B.A.
from  Waynesburg  College in 1950 and his J.D. from the University of Pittsburgh
School of Law in 1952.  Since 1956,  Mr. Walker has been a practicing  attorney,
which practice has included trial and  transactional  work,  with an emphasis on
corporate  securities  matters.  After  serving as the Attorney  Advisor for the
Division of Corporate Finance in Washington,  D.C. from 1954 to 1955, Mr. Walker
served as the  Attorney  in Charge of the Salt  Lake  City,  Utah  Branch of the
United States  Securities and Exchange  Commission  from 1955 to 1956. From 1956
through the present, Mr. Walker has maintained a private practice.  He maintains
licenses in both Utah and Pennsylvania.

         Harry Holman,  age 65, has been an active  participant  in the security
business,  specializing  in  bringing  private  companies  public  on the  stock
exchange.  Mr. Holman has been a consistent  top producer over the last 30 years
with three New York stock exchange  firms.  In 1980, he was awarded the National
Account  Executive of the Year at Birr Wilson & Co. Mr. Holman recently  retired
in November 2000 as First Vice President with the firm Dain Rauscher. Mr. Holman
is the former owner and president of several private business  enterprises.  Mr.
Holman is a graduate of the  University  of Southern  California  in 1957 with a
Bachelor  of Science  degree in  business  administration.  He is founder of the
Northern Nevada University of Southern California Alumni Club.

SHARE OWNERSHIP OF MANAGEMENT AND DIRECTORS:
- -------------------------------------------

The following table sets forth information  concerning the beneficial  ownership
of the  Company's  capital  stock as of March 20, 2001 for (a) each director and
each of the nominees for director;  (b) each of the officers;  and (c) directors
and executive officers as a group:



                                                              Number of
Name - Ownership                                            Common Shares             Percent
- ----------------                                            -------------             -------
                                                                                  
Rudolph Gunnerman, Chairman of the Board                      12,700,000                55.9%
5250 Neil Road, Suite 303
Reno, NV 89502
(a)(b)(c)

Mark T. Cullen, President, CEO and Director                    2,120,000                09.3%
5250 Neil Road, Suite 303
Reno, NV 89502
(a)(b)(c)

Alexander H. Walker, Jr., Secretary and Director                299,4321                01.3%
50 West Liberty Street, Suite 880
Reno, NV 89501
(a)(b)(c)

- --------

1Such shares are beneficially owned by Alexander H. Walker, Jr., Secretary and a
Director  of  FilmWorld,  Inc.,  through  his  ownership  and  control of Hidden
Splendor Resources the registered owner of record of the 299,432 shares.


                                       7






                                                              Number of
Name - Ownership                                            Common Shares             Percent
- ----------------                                            -------------             -------
                                                                                  

Paul Knuaff, CFO and Treasurer                                       300(2)      Less than 1%
5250 Neil Road, Suite 303
Reno, NV 89502
(b)

Joseph W. Sutton, Director                                       400,000(3)             01.7%
1650 Meadow Wood Lane
Reno, NV 89502
(a)(c)

All Directors and                                             15,519,732                68.3%
Officers as a Group


SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
- -------------------------------------------------------

Section  16(a) of the  Securities  Exchange Act of 1934  requires the  Company's
directors  and  officers to file  reports of holdings  and  transactions  in the
Company's  common  shares  with the SEC.  Based on  Company  records  and  other
information, the Company believes that all SEC filing requirements applicable to
its directors  and officers  with respect to the Company's  calendar year ending
December 31, 2000 were complied with.

COMPENSATION OF DIRECTORS:
- --------------------------

                           SUMMARY COMPENSATION TABLE
                                                                    Long Term
Name of Officer and        Fiscal                Other Annual      Compensation
Principal Position         Year     Salary       Compensation     Awards-Options
- ------------------         -----    ------       ------------     --------------

Rudolph Gunnerman          2000     $ None          $ None           7,500,000
Chairman of the            1999     $ None          $ None                None
the Board and Director     1998     $ None          $ None                None

Mark T. Cullen             2000   $ 50,001          $ None           1,000,000
President and CEO          1999     $ None          $ None                None
and Director               1998     $ None          $ None                None
- --------

         (2) Such shares ar owned by McDermitt Investment Company, a corporation
owned and controled b Mr. Knauff's wife.

         (3) Such shares are owned  beneficially by Joseph W. Sutton through his
ownership and control of Sutton  Bentures  Group,  the  registered  owner of the
shares.


                                       8



                     SUMMARY COMPENSATION TABLE (CONTINUED)
                                                                    Long Term
Name of Officer and        Fiscal                Other Annual      Compensation
Principal Position         Year     Salary       Compensation     Awards-Options
- ------------------         -----    ------       ------------     --------------
Alexander H. Walker, Jr.   2000     $ None          $ None           1,000,000
Secretary and Director     1999     $ None          $ None                None
                           1998     $ None          $ None                None

Paul Knauff                2000     $ None         $ 1,000             106,000
Chief Financial Officer    1999     $ None          $ None                None
and Treasurer              1998     $ None          $ None                None

The amount listed as other annual compensation for Paul Knauff in the year 2000
represents  amounts the Company  pays in a monthly fee to  McDermitt  Investment
Company,  Inc. Mr. Knauff's wife owns and controls McDermitt Investment and this
monthly fee is intended as partial  compensation  to Mr. Knauff for his services
to the Company.  Pursuant to the  agreement  between the  Company's  subsidiary,
SulphCo. and McDermitt  Investment,  the Company pays McDermitt $1,000 per month
plus an amount  equal to $20.83 per hour for each hour Mr.  Knauff  performs his
duties as SulphCo., which includes 5 days of paid holidays each year and 10 days
of paid vacation each year. The agreement between SulphCo.  and McDermitt is for
a period of 12 months beginning  November 16, 2000 and ending November 15, 2001.
Also,  the 106,000  shares of the  Company's  common stock subject to the option
listed  for Mr.  Knauff  in 2000 are  subject  to an  option  granted  McDermitt
Investment Company, Inc.

On December 4, 2000, the Company issued 20,000,000 shares of its common stock in
accordance with the terms of an Exchange Agreement between the Company and GRD,
Inc. (doing business as SulphCo) as follows:

Registered Owner                                          No. Shares
- ----------------                                          ----------

Rudolph Gunnerman, Chairman of the Board & Director       12,000,000
Kristina Gunnerman(4)                                      2,000,000
Peter Gunnerman(5)                                         2,000,000
Alex Paior                                                 2,000,000
Mark T. Cullen, President, CEO and Director                2,000,000

Dr.  Gunnerman  was  granted  by the  Board a two year  option  to  purchase  an
additional  7,500,000  shares of  common  stock at $0.50  per  share,  which was
one-half of the market price on December 4, 2000;  Dr. Cullen was granted by the
Board a two year option to purchase an additional  1,000,000  shares of stock at
$0.50 per share,  which was  one-half  of the market  price on December 4, 2000;
Alexander H. Walker,  Jr., Secretary and a Director of the Company,  was granted
by the Board a two year  option to purchase  1,000,000  shares of stock at $0.50
per share,  which was one-half of the market price on December 4, 2000; and Paul
Knauff,  Chief Financial Officer of the Company,  was granted by the Board a two
year option through McDermitt  Investment  Company to purchase 106,000 shares of
stock at $0.50 per share,  which was one-half of the market price on December 4,
2000,  all of which were given as  compensation  for  services  rendered  to the
Company. Paul

- --------
(4)Daughter  of  Rudolph  Gunnerman  who is not an officer  or  director  of the
Company.
(5)Son of Rudolph Gunnerman who is not an officer or director of the Company.


                                       9



Knauff has a contract with the Company  through  McDermitt  Investment  Company,
Inc.,  which his wife owns and  controls,  whereby the  Company  pays $1,000 per
month plus an amount equal to $20.83 per hour for each hour Mr. Knauff  performs
his duties as the Chief  Financial  Officer  for the  Company and is intended as
partial payment for those services. The agreement with McDermitt is for a period
of 12 months beginning November 16, 2000 and ending November 15, 2001.

COMMITTEES OF THE BOARD OF DIRECTORS
- ------------------------------------

The  Company  has a  standing  Audit  Committee  and  intends  to form a Finance
Committee.

The Company currently does not have a standing Nominating Committee.  The duties
of  the  Finance  Committee  will  include  functions  similar  to  those  of  a
compensation committee.

Finance Committee

The Board will have a Finance  Committee.  The members of the Finance  Committee
will be Alexander H. Walker,  Jr., who will serve as Chairman,  Harry Holman and
Joseph W. Sutton.  The Finance Committee will make  recommendations  to the full
Board as to compensation of senior  management and will determine the executives
who are to receive options and the number of shares subject to each option.  The
Finance Committee will meet not less than once every calendar year.

Audit Committee

The  Board has an Audit  Committee.  The  members  of the  Audit  Committee  are
Alexander H. Walker, Jr., Chairman, Harry Holman and Joseph W. Sutton. The Audit
Committee  meets at least  once per year in  advance  of the  Annual  Meeting of
Stockholders of the Company with the Company's  independent  auditors. As of the
date of this Proxy  Statement,  the Audit Committee has not held a meeting.  The
Audit Committee acts as a liaison between the Board and the independent auditors
and  annually  recommends  to the  Board  the  appointment  of  the  independent
auditors. The Audit Committee reviews with the independent auditors the planning
and scope of the audits of the financial statements, the results of those audits
and the adequacy of the Company's internal accounting controls.

The directors and officers of the Company,  other than Messrs. Joseph W. Sutton,
Alexander  H.  Walker,  Jr. and Harry  Holman,  are active in its  business on a
day-to-day basis. No family relationships exist between any of the directors and
officers of the Company.

The Company's  Board of Directors has not yet adopted a written  charter for the
Audit Committee.


Audit Committee Report

The  Company's  Audit  Committee was formed in March 2001.  The  Company's  most
recent audited  financial  statements  were issued prior to the formation of the
Company's Audit  Committee.  Accordingly,  the Company's Audit Committee has not


                                       10



reviewed and discussed the audited financial statements with management, nor has
the Audit Committee discussed with the independent auditors the matters required
to be discussed by SAS 61, as may be modified or supplemented. Because the Audit
Committee  only  recently  has  been  formed  it has not  received  the  written
disclosures  in  the  letter  from  the  independent   accountants  required  by
Independence  Standards  Board  Standard  No. 1  (Independence  Standards  Board
Standard  No. 1,  Independence  Discussions  With Audit  Committees),  as may be
modified or supplemented,  and has not discussed with the Company's  independent
accountant the independent accountant's independence.

Because a formal  Audit  Committee  only  recently  has been  formed,  the Audit
Committee  made no formal  recommendations  to the Board of Directors  regarding
including the Company's most recent financial statements in the Company's annual
report on Form 10- KSB.

The members of the Audit Committee are Alexander H. Walker, Jr., Chairman, Harry
Holman and Joseph W. Sutton.


VIII. RATIFICATION OF SELECTION OF AUDITORS:
      --------------------------------------

The Board of  Directors  of the Company has  selected  Arthur  Young,  Certified
Public  Accountants,  to serve as  independent  auditors for the Company for the
year ending December 31, 2001. The Board of Directors  considers Arthur Young to
be eminently qualified.

Although it is not required to do so, the Board of Directors is  submitting  its
selection of the Company's auditors for ratification at the Meeting, in order to
ascertain the views of stockholders  regarding such selection.  If the selection
is not ratified, the Board of Directors will reconsider its selection.

The Board of Directors recommends that stockholders vote FOR ratification of the
selection of Arthur Young to examine the financial statements of the Company for
the Company's  fiscal year ending  December 31, 2001. It is the intention of the
persons  named in the  accompanying  form of Proxy to vote the  shares of Common
Stock  represented  thereby  in  favor  of such  ratification  unless  otherwise
instructed in such Proxy.

AUDIT FEES
- ----------

The aggregate fees billed for  professional  services  rendered for the audit of
the Company's annual financial statements for the fiscal year ended December 31,
2000 and for the reviews of the Company's  financial  statements included in the
Company's Forms 10-QSB for the year 2000 totaled $3,000.00.


                                       11



FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES
- ------------------------------------------------------------

The Company incurred no financial  information systems design and implementation
fees for services  rendered by the Company's  principal  accountant for the most
recent fiscal year.

ALL OTHER FEES
- --------------

The  Company  has not  incurred  fees for  services  rendered  by the  Company's
principal accountant other than the audit fees described above. Accordingly, the
Company's Audit  Committee has not considered  whether the provision of services
other than audit services by the Company's independent  accountant is compatible
with maintaining the principal  accountant's  independence because the principal
accountant has rendered no such services.

OTHER MATTERS
- -------------

The Board of Directors of the Company does not know of any other  matters  which
may be brought  before the  Meeting.  However,  if any such  other  matters  are
properly  presented for action,  it is the intention of the persons named in the
accompanying form of Proxy to vote the shares represented  thereby in accordance
with their judgment on such matters.

STOCKHOLDER PROPOSALS
- ---------------------

Stockholder  proposals  intended to be presented  at the 2002 Annual  Meeting of
Stockholders  of the Company must be received by the Company by January 31, 2002
in order  to be  considered  for  inclusion  in the  Company's  Proxy  Statement
relating to such Meeting.  In the event that a  stockholder  fails to notify the
Company by January  31,  2002 of an intent to be present at the  Company's  2002
Annual  Meeting of  Stockholders  in order to present a proposal for a vote, the
Company  will have the right to exercise  its  discretionary  authority  to vote
against the proposal, if presented,  without including any information about the
proposal in its proxy materials.

ANNUAL REPORT ON FORM 10-KSB
- ----------------------------

A copy of the Company's  Annual  Report on Form 10-KSB,  including the financial
statements and financial  statement schedules for the fiscal year ended December
31, 2000, which has been filed with the Securities and Exchange  Commission,  is
being included with the mailing of this Proxy Statement.

DATED: March 26, 2001.
                                            /s/ Mark T. Cullen, M.D.
                                            ------------------------
                                                Mark T. Cullen, M.D.
                                                President and CEO


                                       12



                                   PROXY CARD
                       FOR ANNUAL MEETING OF SHAREHOLDERS
                               OF FILMWORLD, INC.
                              Monday, April 9, 2001

           THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Mark T. Cullen,  M.D., as Proxy, with full power
of  substitution,  to vote  as  directed  all  shares  of  FilmWorld,  Inc.  the
undersigned  is entitled to vote at the 2001 Annual Meeting of  Shareholders  of
FilmWorld,  Inc.  To be held at 1650  Meadow  Wood Lane,  Reno,  Nevada at 10:00
o'clock a.m.,  Pacific Standard Time, on Monday,  April 9, 2001. This Proxy Card
authorize(s) Mark T. Cullen, M.D. to vote at his discretion on any other matters
which may properly come before the Meeting or any adjournment  thereof.  If this
card  contains no specific  voting  instructions,  my (our) shares will be voted
"FOR" election of all nominees for Director, "FOR" ratification of the change of
the Company's name from FilmWorld,  Inc. to SULPHCO as a result of the merger of
the subsidiary  corporation  into FilmWorld,  Inc. And "FOR" selection of Arthur
Young as the Company's independent Certified Public Accountant.

(The Board of Directors recommends a vote "FOR")

9.       Merger.  The Board of  Directors  recommends a vote "FOR" the merger of
         the Company's subsidiary GRD, Inc. doing business as SulphCo, Inc. into
         the Company and the  corporate  name  change  from  FilmWorld,  Inc. to
         SulphCo.

                  FOR        AGAINST
                      ------         ------

10.      Election of Directors.  The Board of Directors  recommends a vote "FOR"
         the nominees listed below:

         FOR all nominees listed below.
                                        ----
         WITHHOLD AUTHORITY to vote listed below.
                                                  ---
         *EXCEPTIONS
                        ----

Nominees:  DR. RUDOLPH GUNNERMAN,  DR. MARK T. CULLEN,  HARRY HOLMAN,  JOSEPH W.
SUTTON AND ALEXANDER H. WALKER, JR.

(INSTRUCTIONS:  To withhold authority to vote for any individual  nominee,  mark
the  "Exceptions"  line and write  that  nominee's  name in the  space  provided
below.)

* Exceptions
            -------------------------------------------------------
11.      Certified Public Accountant.  The Board of Directors  recommends a vote
         "FOR"  the  selection  of  Arthur  Young as the  Company's  independent
         Certified  Public  Accountants  to  examine  the  Company's   financial
         statements.

         FOR       AGAINST
             -----         -----


                                       13



12.      Other  Business.  Such other  business as may properly  come before the
         meeting.

         FOR       AGAINST
             -----         -----

To change your address, please mark here and correct your address as it appears.

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

PLEASE  SIGN  EXACTLY AS NAME OR NAMES  APPEAR ON THIS  PROXY.  WHEN  SIGNING AS
ATTORNEY,  EXECUTOR,  ADMINISTRATOR,  TRUSTEE, CUSTODIAN,  GUARDIAN OR CORPORATE
OFFICER, GIVE FULL TITLE. IF MORE THAN ONE TRUSTEE, ALL SHOULD SIGN.

Dated:              , 2001
       -------------                       -----------------------------------
                                              (Signature of Shareholder)

                                           -----------------------------------
                                              (Signature of Shareholder)

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE. VOTES
MUST BE INDICATED (X) IN BLACK OR BLUE INK.
- ----

                                       14