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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D.C.  20549


                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): June 7, 2002


                 CYBERNET INTERNET SERVICES INTERNATIONAL, INC.
             (Exact name of Registrant as specified in its charter)


                                    Delaware
                            (State of Incorporation)


            000-25677                                    51-0384117
     (Commission File Number)               (I.R.S. Employer Identification No.)



                            1620 - 400 Burrard Street
                   Vancouver, British Columbia V6C 3A6, Canada
                    (Address of principal executive offices)


                                 (604) 683-5767
              (Registrant's telephone number, including area code)


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ITEM  2.     ACQUISITION  OR  DISPOSITION  OF  ASSETS.


The  option  agreement  (the  "Option  Agreement") entered into between Cybernet
Internet  Services  International,  Inc.  (the  "Registrant"),  through  its
wholly-owned  subsidiary  Cybernet  Internet  Dienstleistungen AG, and Telehouse
Deutschland GmbH ("Telehouse") expired on June 7, 2002.  Although the parties
have not entered  into  a  formal  written extension of the Option Agreement,
the Registrant  and  Telehouse  continue  to  work  together with the objective
of completing the transaction contemplated by the Option Agreement in June
2002.  However,  there  can  be  no assurance that any such efforts will be
successful or that the transaction will be completed according to its current
terms or at all.  Reference should be made to  the  Form 8-Ks filed by the
Registrant on January 30, April 3, May 3 and May 21, 2002 which are
incorporated herein by reference.





                                   SIGNATURES


Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.



                                                    CYBERNET  INTERNET  SERVICES
                                                    INTERNATIONAL,  INC.

                                                    /s/  Roy Zanatta
                                                    ----------------------------
                                                    Roy  Zanatta
                                                    Secretary


Date:     June  19,  2002
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