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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 25, 2002

                              MEDIABUS NETWORKS, INC.
             (Exact name of registrant as specified in its charter)

        Florida                     000-31489                   65-0832987
(State or other jurisdiction       (Commission                (IRS Employer
     of incorporation)             File Number)             Identification No.)

                   2900 Delk Road
                     Suite 700
                      PMB 113
                    Marietta, GA                            30067
         (Address of principle executive offices)         (Zip Code)

       Registrant's telephone number, including area code: (770) 977-0944

Form 8-K: Dated: June 25, 2002
MEDIABUS NETWORKS, INC.
Commission File # 000-31489

Item 2 - Acquisition or Disposition of Assets.

As reported in our last Quarterly Report on Form 10-QSB for the period
ending March 31, 2002, on May 15, 2002 we determined it would be in the
best interest of the shareholders to unwind the asset purchase with iDVDBox
and return all the assets and assumed liabilities in exchange for the
return to the Company of all the shares used in the acquisition.
Additionally, Mr. Stephen Cavayero resigned as a member of the Board of
Directors and Vice-President effective on May 1, 2002. Jerry Siah and
Richard Cavayero also resigned their employment with the Company. This
unwinding as left the Company with little or no assets.

We had hoped to continue to pursue the hotel market for interactive media
distribution, but we have not been able to acquire the necessary funding
for the project. As such we have had to lay off all employees of the
Company and have scaled operations down to a minimum. We are now searching
for a merger candidate and/or significant acquisition.

In our opinion, we do not have available funds to satisfy our working
capital requirements. We need to raise additional capital immediately to
conduct our operations. Such additional capital may be raised through
public or private financing as well as borrowings and other sources. We
cannot guaranty that additional funding will be available on favorable
terms, if at all. If adequate funds are not available, we may have to
contemplated a plan of reorganization and/or liquidation in the event that
we do not acquire financing.

We are not currently conducting any research and development activities,
other than the search for a merger candidate. We do not anticipate
conducting any other such activities in the next three months.

We do not anticipate that we will hire any employees in the next three to
six months, unless we acquire financing. We believe our future success
depends in large part upon the success in finding a qualified merger
candidate.



Dated: June 25, 2002                 /s/ Kenneth O. Lipscomb
                                     KENNETH O. LIPSCOMB, President