SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                           CURRENT REPORT PURSUANT TO
                           SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                          Date of Report July 26, 2002
                          ----------------------------
                       (Date of Earliest Event of Report)

                                 ISNI.NET, INC.
                                  -------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    DELAWARE
                                    --------
                 (State or Other Jurisdiction of Incorporation)

           000-28065                     56-2489419
          ----------                     ----------
 (Commission File Number)        (IRS Employer Identification No.)

            204 East McKenzie Street, Unit # D Punta Gorda, Fl. 33950
            ---------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (941) 575-7878
                                 --------------
              (Registrant's Telephone Number, Including Area Code)


Item 1.  Changes in Control of Registrant
                  Not Applicable

Item 2.  Acquisition or Disposition of Assets
                  Not Applicable

Item 3.  Bankruptcy or Receivership
                  Not Applicable

Item 4.  Changes in Registrant's Certifying Accountant
                  Not Applicable

Item 5.  Other Events

     On July 26,  2002,  the  Board of  Directors  voted to issue  shares of the
Company's  common stock to Ray Bolouri and Torsten  Josupeit as compensation for
services  rendered  to the  Company.  Both Mr.  Bolouri  and Mr.  Josupeit  have
performed  services  for the  Company  without  compensation  since  joining the
Company's employ.






Item 6.  Resignation of Registrant's Director

Item 7   Financial Statements and Exhibits

Item 8   Change in Fiscal Year
         Not Applicable

                                   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.

                                            ISNI.Net, Inc.

Dated:   July 26, 2002                      By:  /s/ Ray Bolouri
                                                 -------------------------------
                                                 Ray Bolouri
                                                 Chief Executive Officer