U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  Form 10-QSB/A

(X) Quarterly report under section 13 or 15(d) of the Securities Exchange Act of
               1934 for the quarterly period ended June 30, 2002.

                         Commission File No: 333-68312




                                RESERVENET, INC.
                     (Name of small business in its charter)

                 DELAWARE                                    94-3381088
 (State or other jurisdiction of Incorporation)        (IRS Employer Id. No.)


    3701 Sacramento St. #323
    San Francisco, CA                                         94118
(Address of Principal Office)                               Zip Code

                    Issuer's telephone number: (415) 752-2578




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 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

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution
of securities under a plan confirmed by a court.  Yes X No

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. At June 30, 2002, the following
shares of common were outstanding: Common Stock, par value of $0.0001, 1,900,000
shares.

Transitional Small Business Disclosure Format (Check one): Yes  No X






PART 1 - FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS AND EXHIBITS

The unaudited  financial  statements of registrant for the six months ended June
30,  2002 and  June 30,  2001  follow.  The  financial  statements  reflect  all
adjustments,  which are,  in the  opinion  of  management,  necessary  to a fair
statement of the results for the periods presented.











                                ReserveNet, Inc.
                          (A Development Stage Company)

                                  Balance Sheet
                                      as of
                                  June 30, 2002

                                       and

                            Statements of Operations
                   for the Three Months and Six Months Ending
                             June 30, 2002 and 2001,
                                       and
                                 for the Period
                  October 31, 2000 (Inception) to June 30, 2002

                                       and

                                   Cash Flows
                            for the Six Months Ending
                             June 30, 2002 and 2001,
                                       and
                                 for the Period
                  October 31, 2000 (Inception) to June 30, 2002









                                TABLE OF CONTENTS





                                                                            Page

Independent Accountants' Review Report                                        1

Balance Sheet                                                                 2

Statements of Operations                                                      3

Statements of Cash Flows                                                      4

Footnotes                                                                     5






Beckstead and Watts, LLP
- ------------------------
Certified Public Accountants
                                                         3340 Wynn Road, Suite C
                                                             Las Vegas, NV 89102
                                                                    702.257.1984
                                                                702.362.0540 fax


                     INDEPENDENT ACCOUNTANTS' REVIEW REPORT


Board of Directors
ReserveNet, Inc.
(a Development Stage Company)
Las Vegas, NV

We have reviewed the  accompanying  balance sheet of ReserveNet,  Inc. (a Nevada
corporation)  (a development  stage company) as of June 30, 2002 and the related
statements of operations for the three-months and six-months ended June 30, 2002
and 2001 and for the period  October 31, 2000  (Inception) to June 30, 2002, and
statements of cash flows for the six-months ended June 30, 2002 and 2001 and for
the period  October 31,  2000  (Inception)  to June 30,  2002.  These  financial
statements are the responsibility of the Company's management.

We  conducted  our  reviews in  accordance  with  standards  established  by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data, and making  inquiries of persons  responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing  standards,  which will be performed
for the full year with the  objective of  expressing  an opinion  regarding  the
financial  statements taken as a whole.  Accordingly,  we do not express such an
opinion.

Based on our reviews, we are not aware of any material modifications that should
be made to the accompanying  financial  statements referred to above for them to
be in conformity  with generally  accepted  accounting  principles in the United
States of America.

The accompanying  financial  statements have been prepared  assuming the Company
will  continue  as a going  concern.  As  discussed  in Note 2 to the  financial
statements, the Company has had limited operations and has not commenced planned
principal  operations.  This  raises  substantial  doubt  about its  ability  to
continue as a going concern.  Management's  plans in regard to these matters are
also  described  in  Note  2.  The  financial  statements  do  not  include  any
adjustments that might result from the outcome of this uncertainty.

G. Brad  Beckstead,  CPA has previously  audited,  in accordance  with generally
accepted  auditing  standards,   the  balance  sheet  of  ReserveNet,   Inc.  (a
development  stage company) as of December 31, 2001, and the related  statements
of operations, stockholders' equity, and cash flows for the year then ended (not
presented  herein)  and in his report  dated March 19,  2002,  he  expressed  an
unqualified opinion on those financial statements.



/s/ Beckstead and Watts, LLP

August 18, 2002

                                       1


                                ReserveNet, Inc.
                          (a Development Stage Company)
                                  Balance Sheet


                                                                   (unaudited)
                                                                     June 30,
                                                                      2002
                                                                    ---------
Assets

Current assets:
    Cash and equivalents                                            $    343
    Due from shareholder                                                 366
                                                                    ---------
      Total current assets                                               709
                                                                    ---------
                                                                    $    709
                                                                    =========

Liabilities and Stockholders' Equity

Current liabilities:                                                $   --
                                                                    ---------

Stockholders' equity:
    Common stock, $0.0001 par value, 100,000,000 shares
      authorized, 1,900,000 shares issued and outstanding                190
    Additional paid-in capital                                        28,310
    (Deficit) accumulated during development stage                   (27,791)
                                                                    ---------
                                                                         709
                                                                    ---------
                                                                    $    709
                                                                    =========


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

                                                                               2





                                                       ReserveNet, Inc.
                                                 (a Development Stage Company)
                                                          (unaudited)
                                                   Statements of Operations


                                                           Three Months Ending          Six Months Ending
                                                                 June 30,                   June 30,          October 31, 2000
                                                        -------------------------   -------------------------   (Inception) to
                                                           2002           2001         2002            2001     June 30, 2002
                                                        -----------   -----------   -----------   -----------   -------------
                                                                                                 
Revenue                                                 $      --     $      --     $      --     $      --     $      --
                                                        -----------   -----------   -----------   -----------   -----------

Expenses:
   General and administrative expenses                        2,615         3,367         5,266         8,014        26,491
   General and administrative expenses - related party          500          --             500          --           1,300
                                                        -----------   -----------   -----------   -----------   -----------
     Total expenses                                           3,115         3,367         5,766         8,014        27,791
                                                        -----------   -----------   -----------   -----------   -----------

Net (loss)                                              $    (3,115)  $    (3,367)  $    (5,766)  $    (8,014)  $   (27,791)
                                                        ===========   ===========   ===========   ===========   ===========

Weighted average number of
   common shares outstanding - basic and fully diluted    1,900,000     1,900,000     1,900,000     1,651,381
                                                        ===========   ===========   ===========   ===========

Net (loss) per share - basic & fully diluted            $     (0.00)  $     (0.00)  $     (0.00)  $     (0.00)
                                                        ===========   ===========   ===========   ===========




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

                                                                                                                             3











                                                   ReserveNet, Inc.
                                            (a Development Stage Company)
                                                     (unaudited)
                                               Statements of Cash Flows


                                                             Six Months Ending
                                                                    June 30,                       October 31, 2000
                                                   ---------------------------------------          (Inception) to
                                                           2002                  2001               June 30, 2002
                                                   ------------------    ------------------    ---------------------
                                                                                      
Cash flows from operating activities
Net (loss)                                         $          (5,766)    $          (8,014)    $            (27,791)
Adjustments to reconcile net (loss) to
    net cash (used) by operating activities:
      (Increase) in due from shareholder                      (1,100)               (9,113)                 (19,527)
      Increase in due to shareholder                           1,489                 6,985                   19,161
                                                   ------------------    ------------------    ---------------------
Net cash (used) by operating activities                       (5,377)              (10,142)                 (28,157)
                                                   ------------------    ------------------    ---------------------


                                                   ------------------    ------------------    ---------------------
Cash flows from investing activities                               -                     -                        -
                                                   ------------------    ------------------    ---------------------

Cash flows from financing activities
    Issuances of common stock                                      -                25,000                   28,500
                                                   ------------------    ------------------    ---------------------
Net cash provided by financing activities                          -                25,000                   28,500
                                                   ------------------    ------------------    ---------------------

Net increase (decrease) in cash                               (5,377)               14,858                      343
Cash - beginning                                               5,720                 3,575                        -
                                                   ------------------    ------------------    ---------------------
Cash - ending                                      $             343     $          18,433     $                343
                                                   ==================    ==================    =====================

Supplemental disclosures:
    Interest paid                                  $               -     $               -     $                  -
                                                   ==================    ==================    =====================
    Income taxes paid                              $               -     $               -     $                  -
                                                   ==================    ==================    =====================





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

                                                                                                                  4






                                ReserveNet, Inc.
                          (a Development Stage Company)
                                      Notes


Note 1 - Basis of presentation

The interim financial  statements included herein,  presented in accordance with
United States generally accepted accounting principles and stated in US dollars,
have been  prepared by the  Company,  without  audit,  pursuant to the rules and
regulations of the Securities and Exchange  Commission.  Certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with generally accepted accounting  principles have been condensed or
omitted  pursuant to such rules and  regulations,  although the Company believes
that  the  disclosures  are  adequate  to make  the  information  presented  not
misleading.

These  statements  reflect  all  adjustments,  consisting  of  normal  recurring
adjustments,  which,  in the  opinion  of  management,  are  necessary  for fair
presentation of the information  contained  therein.  It is suggested that these
interim  financial   statements  be  read  in  conjunction  with  the  financial
statements  of the  Company  for the period  ended  December  31, 2001 and notes
thereto  included  in the  Company's  Form 10-SB.  The Company  follows the same
accounting policies in the preparation of interim reports.

Results of  operations  for the  interim  periods are not  indicative  of annual
results.

Note 2 - Going concern

The Company's  financial  statements are prepared  using the generally  accepted
accounting  principles  applicable to a going concern,  which  contemplates  the
realization  of assets and  liquidation  of  liabilities in the normal course of
business.   However,  the  Company  has  not  commenced  its  planned  principal
operations  and it has not  generated  any  revenues.  In  order to  obtain  the
necessary capital, the Company raised funds via private securities offering.  If
the securities  offering does not provide  sufficient  capital, a shareholder of
the  Company  has  agreed to  provide  sufficient  funds as a loan over the next
twelve-month  period.  However,  the  Company is  dependent  upon its ability to
secure equity and/or debt financing and there are no assurances that the Company
will be successful,  without  sufficient  financing it would be unlikely for the
Company to continue as a going concern.

Note 3 - Related party transactions

The Company paid  professional  fees totaling $500 to an  individual,  who is an
officer and director of the Company,  during the six month period ended June 30,
2002.

The Company does not lease or rent any  property.  Office  services are provided
without  charge by a  director.  Such  costs  are  immaterial  to the  financial
statements and,  accordingly,  have not been reflected therein. The officers and
directors of the Company are involved in other  business  activities and may, in
the future,  become  involved  in other  business  opportunities.  If a specific
business  opportunity  becomes  available,  such  persons may face a conflict in
selecting  between the Company and their other business  interests.  The Company
has not formulated a policy for the resolution of such conflicts.


                                                                               5



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

Plan of Operation

ReserveNet is a development stage company, whose business plan is to provide
consumer reservation services to the restaurant industry. ReserveNet hopes to
develop a web-based reservation system that allows consumers to place
reservations directly with restaurants through the ReserveNet website. The
company hopes to generate subscription revenue from restaurants and advertising
revenue through its website. Consumers will have the ability to search an
interactive database of available restaurant reservations that can be refined to
a particular geographic location convenient to the consumer. The search could
also be further refined by type of cuisine, average price, and/or favorable
restaurant reviews.

ReserveNet is seeking to raise capital in three tranches; $300,000 , $1,500,000,
and $1,500,000 for a total of $3,300,000 by way of a private equity offering,
debt, or some combination thereof to fund its product development, initial
product rollout, establish offices, pay salaries and purchase capital equipment.
ReserveNet will seek to raise this money in three installments, private
offerings but may seek to undertake a public offering. The company has not
received any additional financing commitments and may rely on funds loaned to it
by its founder and CEO.

Results of Operations

The company has not begun its planned operations. Expenditures since inception
and for the requisite reporting periods have been General and Administrative in
nature. These represent the costs associated with professional fees, phone
expenses, small equipment, and expenses related to investor, engineering and
strategic partnership meetings, among other categories. Currently the company
experiences a cash flow burn rate of roughly $1,000 per month

For the three months ended June 30, 2002 Operating expenses were $3,115 compared
to $3,367 for the comparable period in 2001, while operating expenses were
$5,766 for the six-month period ended June 30, 2002 and $8,014 for the
comparable period. These amounts represent a Net Losses for the company and will
provide tax credits to offset Net Income in future periods As a result of the
lack of operating capital, efforts were made to decrease spending across the
board in all categories including travel, postage, communications, and other
general and administrative expenses.

Liquidity

Management plans to seek bridge financing from its founder and other third
parties to provide for the short-term operating needs of the Company until
permanent equity financing can be realized. The Company expects to raise
additional capital through a private placement equity offering to fund further
development of present and anticipated operations until the Company can
accomplish self-sustaining cash flows. The ability of the company to raise
financing will affect its status as a going concern. There can be no guarantee
or assurance that the Company would be successful in raising additional
proceeds. If additional financing cannot be secured, ReserveNet, Inc. would
likely be unable to continue its proposed business plan.





STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This report contains various forward-looking statements that are based on the
Company's beliefs as well as assumptions made by and information currently
available to the Company. When used in this report, the words "believe,"
"expect," "anticipate," "estimate" and similar expressions are intended to
identify forward-looking statements. Such statements may include statements
regarding seeking business opportunities, payment of operating expenses, and the
like, and are subject to certain risks, uncertainties and assumptions which
could cause actual results to differ materially from projections or estimates
contained herein. Factors which could cause actual results to differ materially
include, among others, unanticipated, unanticipated or unexpected costs and
expenses, competition and changes in market conditions, lack of adequate
management personnel and the like. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated or
projected. The Company cautions against placing undue reliance on
forward-looking statements.

PART II

ITEM 1. LEGAL PROCEEDINGS
None.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

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

None.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

(a) Exhibit 99.1 - Certification of Chief Executive Officer.

(b) Exhibit 99.2 - Certification of Chief Financial Officer.

Signatures

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

RESERVENET, INC.
(Registrant)

Date: August 19, 2002

By: /s/ Daniel Regidor
    ----------------
      Daniel Regidor
      President, CEO, Director