UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]   Quarterly report pursuant to Section 13 Or 15(d) of the Securities
      Exchange Act of 1934; For the quarterly period ended: September 30, 2003

[ ]   Transition report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934

                       Commission File Number:  000-08835

                       WORLDTEQ GROUP INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

               NEVADA                                           03-7392107
     (State or other jurisdiction                              IRS Employer
  of incorporation or organization)                         Identification No.)

                          30 West Gude Drive, Suite 470
                               Rockville, MD 20850
          (Address of principal executive offices, including zip code)

                                 (240) 403-2000
              (Registrant's telephone number, including area code)


                      APPLICABLE ONLY TO CORPORATE ISSUERS

      As of November 10, 2003, there were 31,561,746 shares of common stock,
$.001 par value, outstanding.

Transitional  Small Business Disclosure Format (check one):    Yes [ ]    No [X]




                 WORLDTEQ GROUP INTERNATIONAL, INC. FORM 10-QSB

                 For the Third Quarter Ended September 30, 2003

                                TABLE OF CONTENTS


PART  I.  FINANCIAL  INFORMATION

      Item 1. Financial Statements

            a.    Consolidated Balance Sheets as of September 30,
                  2003(Unaudited)

            b.    Consolidated Statements of Operations for the three and nine-
                  month periods ended September 30, 2003 and 2002(unaudited)

            c.    Consolidated Statements of Cash Flows for the nine-month
                  period ended September 30, 2003 and 2002 (Unaudited)

            d.    Notes to Consolidated Financial Statements (Unaudited)

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

      Item  3. Controls and Procedures


PART  II.  OTHER  INFORMATION

      Item  6. Exhibits and Reports on Form 8-K


SIGNATURES

CERTIFICATIONS



                          PART I. FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS

Forward  Looking  Information

Various  forward-looking  statements  have  been  made  in  this  Form  10-QSB.
Forward-looking  statements  may  also  be  in the Company's other reports filed
under  the  Securities  Exchange Act of 1934, in its press releases and in other
documents.  In addition, from time to time, the Company, through its management,
may  make  oral  forward-looking  statements.

Forward-looking  statements are only expectations, and involve known and unknown
risks  and  uncertainties,  which may cause actual results in future periods and
other  future  events  to  differ materially from what is currently anticipated.
Certain  statements  in  this  Form  10-QSB,  including  those  relating  to the
Company's  expected  results,  the accuracy of data relating to, and anticipated
levels of, its future revenues, gross margins and earnings, its anticipated cash
requirements  and  sources,  are  forward-looking  statements.  Such  statements
involve  risks  and  uncertainties, which may cause results to differ materially
from those set forth in these statements. Factors which may cause actual results
in  future  periods  to  differ  from  current expectations include, among other
things,  the  continued  availability  of  sufficient  working  capital,  the
availability  of  adequate sources of capital, the successful integration of new
employees  into  existing  operations,  the  continued desirability and customer
acceptance of existing and future products, the success of competitive products,
the  success  of  the  Company's  programs  to  strengthen  its  operational and
accounting  controls  and procedures. In addition to these factors, the economic
and  other  factors identified in this Form 10-QSB, including but not limited to
the  risk  factors discussed herein and in the Company's previously filed public
documents  could  affect  the forward-looking statements contained in herein and
therein.

Forward-looking  statements generally refer to future plans and performance, and
are  identified  by  the  words "believe", "expect", "anticipate", "optimistic",
"intend", "aim", "will" or the negative thereof and similar expressions. Readers
are  cautioned  not to place undue reliance on these forward-looking statements,
which  speak  only as of the date of which they are made. The Company undertakes
no  obligation  to  update  publicly  or  revise any forward-looking statements.

Financial  Statements  and  Notes

In  the  opinion  of management, the accompanying unaudited financial statements
included  in  this  Form  10-QSB  reflect  all  adjustments necessary for a fair
presentation of the results of operations for the periods presented. The results
of  operations  for  the periods presented are not necessarily indicative of the
results  to  be  expected  for  the  full  year.





           ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
               WORLDTEQ GROUP INTERNATIONAL, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                           --------------------------

                                                        September 30,
Assets                                                      2003
                                                       ---------------
                                                         (unaudited)
                                                    
Current Assets
      Cash                                             $            -
      Restricted cash                                          55,000
      Accounts receivable                                      44,113
      Receivable from affiliate                                19,026

      Total Assets                                            118,139
                                                       ---------------


Current Liabilities
      Accounts payable                                 $      232,419
      Accrued expenses                                         37,631
      Note payable                                             46,136
                                                       ---------------
      Total Current Liabilities                               316,186
Long Term Liabilities
      Note payable to shareholder                              90,847
                                                       ---------------
Total Liabilities                                             407,033
                                                       ---------------

Stockholders' Equity
      Convertible preferred stock, $.001 par value,
        5,000,000 shares authorized, 1,115,533 shares
        issued and outstanding, both periods                    1,055
      Common stock, $.001 par value, 100,000,000
        shares authorized, 27,561,746 shares issued
        and outstanding                                        27,562
      Paid in capital                                      20,668,750
      Retained deficit                                    (20,986,261)
                                                       ---------------
      Total Stockholders' Equity                             (288,894)
                                                       ---------------

                                                       ---------------
Total Liabilities and Stockholders' Equity             $      118,139
                                                       ===============






                WORLDTEQ GROUP INTERNATIONAL, INC. AND SUBSIDIARIES
                       CONSOLIDATED STATEMENTS OF OPERATIONS
                       -------------------------------------
                                    (UNAUDITED)
                                    -----------

                                Three Months Ended           Nine Months Ended
                                   September 30,               September 30,
                             --------------------------  --------------------------
                                 2003          2002          2003          2002
                             ------------  ------------  ------------  ------------
                                                           
Sales                        $   174,051   $   927,022   $   764,896   $ 3,581,769

Cost of sales                     57,573       533,679       371,603     1,742,741
General & administrative         103,504       448,663       540,043     1,534,306
Bad debts                              -        92,155             -       208,599
                             ------------  ------------  ------------  ------------
   Total operating expenses      161,077     1,074,497       911,646     3,485,646
                             ------------  ------------  ------------  ------------

Income From Operations            12,974      (147,475)     (146,750)       96,123

Other Income
  Interest expense                (3,012)       (9,069)      (22,424)      (31,663)
  Gain on acquisition of
    customer list                      -       414,428             -        27,000

                             ------------  ------------  ------------  ------------
Net Income                   $     9,962   $   257,884   $  (169,174)  $   478,888
                             ============  ============  ============  ============

Other Comprehensive Income
  Unrealized gain on
    marketable securities              -        27,000             -        27,000

                             ------------  ------------  ------------  ------------
Net comprehensive income     $     9,962   $   284,884   $  (169,174)  $   505,888
                             ============  ============  ============  ============

Basic and diluted income
   (loss) per share          $      0.00   $      0.02   $     (0.01)  $      0.04
Weighted average shares
   outstanding                24,763,923    11,730,000    22,586,032    11,415,000






               WORLDTEQ GROUP INTERNATIONAL, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                      -------------------------------------
                                   (UNAUDITED)
                                   -----------

                                                   Nine Months Ended
                                                     September 30,
                                                ------------------------
Cash Flows Used in Operating Activities            2003         2002
                                                -----------  -----------
                                                       
Net income (loss)                               $ (178,101)  $  478,888
Adjustments to reconcile net income (loss) to
   net cash used in operating activities:
   Depreciation and amortization                    56,721       83,295
   Bad debt expense                                      -      208,599
   Gain on sale of equipment                             -       (1,732)
   Gain on customer acquisition                          -     (414,428)
   Changes in:
     Accounts receivable                            34,861     (398,194)
     Other current assets                           12,574       (5,577)
     Accounts payable                              (59,582)     103,647
     Accrued expenses and deferred revenue          18,264     (106,984)

                                                -----------  -----------
Net Cash Used By Operating Activities             (115,263)     (52,486)
                                                -----------  -----------

Cash Flows Used In Investing Activities
    Purchases of equipment                               -     (104,744)
    Proceeds from sale of fixed asset                    -        1,813
    Purchase of available for sale securities            -       (3,000)
    Purchase of customer list                            -       (1,145)

                                                -----------  -----------
Net Cash Used by Investing Activities                    -     (107,076)
                                                -----------  -----------

Cash Flows Provided By Financing Activities
    Proceeds from shareholder notes payable         87,830      129,528
    Payments on shareholder note payable                 -      (95,207)
    Shareholder contributions to capital                 -      171,667
    Payments on note payable                        (2,567)     (31,250)

                                                -----------  -----------
Net Cash Provided By Financing Activities           85,263      174,738
                                                -----------  -----------

Net Change In Cash                                 (30,000)      15,176

Cash - beginning of period                          85,000      103,045
                                                -----------  -----------

Cash - end of period                            $   55,000   $  118,221
                                                ===========  ===========


Non-cash transactions:

Stock issued for notes payable                  $  150,000   $        -
                                                ===========  ===========
Liabilities assumed by networld acquiror        $  435,666
                                                ===========  ===========




WORLDTEQ GROUP INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of WorldTeq Group
International, Inc. ("WorldTeq") have been prepared in accordance with
accounting principles generally accepted in the United States of America and the
rules of the Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes thereto contained in
WorldTeq's latest Annual Report filed with the SEC on Form 10-KSB. In the
opinion of management, all adjustments, consisting of normal recurring
adjustments, necessary for a fair presentation of financial position and the
results of operations for the interim periods presented have been reflected
herein.  The results of operations for interim periods are not necessarily
indicative of the results to be expected for the full year.  Notes to the
financial statements which would substantially duplicate the disclosure
contained in the audited financial statements for the most recent fiscal year
2002, as reported in the 10-KSB, have been omitted.

NOTE 2 - SALE OF SUBSIDIARY

In May 2003, Worldteq sold its Networld subsidiary to an entity owned by the
majority stockholder and former president for $1. Worldteq recorded the sale as
a credit to additional paid in capital for the net liabilities totaling
approximately $435,000.

NOTE 3 - COMMON STOCK

In September 2003, the board of directors approved the conversion of $100,000 of
notes payable to stockholder into 5,353,511 shares of common stock. In addition,
the board approved the conversion of $50,000 of the note payable to affiliate
into 588,235 shares of common stock.

NOTE 4 - SUBSEQUENT EVENT

In October 2003, Worldteq's board of directors approved an option plan which
authorized 5,000,000 shares of common stock to be issued to employees, directors
and consultants. In October, Worldteq issued option to purchase 2,000,000 shares
at $.05 per share to a consultant. The consultant exercised the options and
Worldteq received $100,000.

In October 2003, Worldteq issued a consultant warrants to acquire 1,000,000
shares of common stock at $.10 for services provided. The warrants will be
valued using black scholes.


ITEM 1  - OTHER INFORMATION:

CHANGES TO THE BOARD OF DIRECTORS

We have undergone changes to our board of directors during the reporting period.
On October 29, 2003 Mr. Donald Dea resigned from our Board of Directors. The
resignation was not motivated in any way by a disagreement with the Company's
operations. Mr. Dea served on the Finance Committee. Concurrently with his
resignation, the Board appointed board member Mr. Brian Rosinski and Mr. Tim
Carnahan



ITEM  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS

RECENT  DEVELOPMENTS

While our company has been somewhat stagnant during the last few quarters, we
have continued on removing certain unprofitable long distance products and have
recently refocused our long distance service to include new business customer
plans. We are currently focusing on the small and medium sized business market
on the telecom side. With monthly revenues on the telecom business are growing,
with the addition of three new agent contracts that are currently bringing in
customers daily, the newly launched MonEcard product will only enhance this
growth.

In order for the company to survive and have the opportunity to prosper we made
many tough decisions in the last quarter. We decided to cut certain business
segments that did not focus on our long-term growth plans and we cut costs that
were not related to these growth plans. The company also felt it was important
to reduce debt, both short term and long term. We reduced much of our long-term
debt by converting some of the debt into equity. We reduced our monthly costs at
WorldTeq Corp by 300% as we identified and dismissed personnel that were not
needed for our new direction. We have also outsourced many of our daily
functions to competent organizations that specialize in these areas.

RESULTS  OF  OPERATIONS

Total net sales for the three months ended September 30, 2003 were $174,051, as
compared to $927,022 the same 3 months ended September 30, 2002. The decrease in
sales were primarily attributable to the loss of revenue generated by NetWorld,
which has been sold, market competition and the further increase in focusing
away from wholesale customers. Gross profit as a percentage of revenue has
increased to 66.9% of sales as compared to 42.4% of sales during the previous
period in 2002. This increase in gross profits is due in part to cost cutting
measures and lower costs from our vendors.

General and administrative expenses decreased significantly to $103,504 from
$448,663 for the three months ended September 30, 2003, and September 30, 2002,
respectively and to $540,043 from $1,543,306 for the nine months ended September
30, 2003 and 2002, respectively; this was primarily due to the continued
reduction of support staff that were not used to concentrate on new growth
plans. Additionally, the outsourcing of specific functions to specialized
organizations helped to bring expenses down.

The recent benefit we have seen from the all around reduction of costs is the
net profit of $9,962 realized during the quarter ending September 30, 2003 as
compared to a net loss of ($32,603) realized during the prior quarter of this
year ending June 30, 2003

LIQUIDITY  AND  CAPITAL  RESOURCES

We  are  currently  seeking additional capital so we may increase our operations
and  execute  our  business  plan  as  intended, as outlined in the announcement
of our recent agreement with Aero Financial.  Although we  have  no current
commitments for capital, we may raise additional funds through: public offerings
of  equity,  securities  convertible  into  equity or debt, private offerings of
securities  or  debt,  or  other  sources.

Our  investors  should assume that any additional funding will cause substantial
dilution  to  current  stockholders.  In  addition,  we may not be able to raise
additional  funds  on  favorable  terms,  if  at  all.



PART  II          OTHER  INFORMATION

Item  6.  Exhibits  and  Reports  on  Form  8-K.

          (a)  Exhibits

               Exhibit 31.1 - Certification of Chief Executive Officer and Chief
Financial  Officer  of WORLDTEQ GROUP INTERNATIONAL required by Rule 13a - 14(1)
or  Rule 15d - 14(a) of the Securities Exchange Act of 1934, as adopted pursuant
to  Section  302  of  the  Sarbanes-Oxley  Act  of  2002.

               Exhibit 32.1 -- Certification  of  Chief  Executive  Officer  and
Chief Financial Officer of Worlteq Group International, Inc. pursuant to Section
906  of  the  Sarbanes-Oxley  Act  of  2002  and  Section  1350 of 18 U.S.C. 63.

          (b)  Reports on Form 8-K

     No Form 8-K (s) were filled during the quarter ending September 30, 2003



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.


                                       WORLDTEQ GROUP INTERNATIONAL



Date:  November 19, 2003               By:  /s/   Jeffrey Lieberman
                                          -------------------------
                                       Jeffrey Lieberman
                                       Chief Executive Officer and
                                       President