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):

October 1120, ~~2002~~2003

Carmina Technologies Inc.

(Exact name of registrant as specified in its charter)

Utah	0-30685	870305395
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Utah

0-30685

870305395

(State or other jurisdiction

of incorporation)

(Commission File

Number)

(IRS Employer

Identification No.)

810, 540 5^th Avenue SW, Calgary, Alberta, Canada T2P 0M2

(Address of principal executive offices, including zip code)

(403) 269-5369

(Registrant’'s telephone number)

Item 5.

Other Events

~~Unaudited~~October ~~Pro~~20, ~~Forma~~2003 ~~Consolidated~~President's ~~Financial~~Report ~~Information~~to Shareholders

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.

CARMINA TECHNOLOGIES INC.

Date:

~~September~~October 2922, 2003

By:

/s/ John M. Alston

-------------------------------------------

John M. Alston

President and Chief Executive Officer

[lettertoshareholderoct202001.jpg]

~~Unaudited~~October 20, ~~Pro Forma Consolidated Financial Information~~2003

~~The Unaudited Pro Forma Consolidated Financial Information reflects financial information that gives effect~~ Report to the October 1, 2002 acquisition of 100% of the issued and outstanding common shares of Worldwide Online Corp. by the Company. Consideration for the acquisition was 650,000 shares of common stock of the Company. Shareholders:

~~The~~ I am ~~Pro~~pleased ~~Forma~~to ~~Consolidated~~inform ~~Statement~~you ofthat ~~Operations~~Carmina's ~~included~~ASSUR ~~herein~~inspection ~~reflects~~monitoring ~~the~~system has ~~use~~been ofaccepted ~~the purchase method of accounting~~ for ~~the~~installation ~~above~~at ~~transaction. Such~~a ~~financial~~number ~~information~~of ~~has~~sites ~~been~~in ~~prepared from~~Canada, ~~and~~including three ~~should~~Regional beHealth ~~read~~Units in ~~conjunction~~Ontario ~~with, the historical financial statements~~ and ~~notes~~a ~~thereto~~food ~~included~~processing inplant ~~the~~owned ~~Company’s~~by 10a multi-~~KSB~~national ~~Annual~~agri-food ~~Report for the year ended December 31, 2002~~corporation. ~~The~~Additionally ~~Pro~~we ~~Forma~~expect ~~Consolidated~~over ~~Statement~~the next ofthree ~~Operations~~months ~~gives effect~~ to ~~the~~close ~~transaction~~contracts aswith iffour itadditional ~~had~~Health ~~occurred~~Units, onfive multi-plant ~~January~~food 1processors, ~~2002,~~port ~~combining~~authorities ~~the~~in ~~results of~~ the ~~Company~~UK and ~~Worldwide~~an ~~Online Corp~~international airline. ~~for the twelve-month period from January 1, 2002 to December 31, 2002.~~ ~~The~~Carmina's ~~consolidated~~participation ~~financial~~in ~~statements~~trade ofshows ~~the~~and ~~Company~~other ~~for~~sales ~~the~~and marketing ~~year~~activities ~~ended~~have ~~December~~generated ~~31,~~hundreds ~~2002 include the results~~ of ~~operations~~leads ofsince ~~Worldwide~~June ~~Online Corp~~2003. ~~for~~The marketing ~~the~~group ~~three-month~~has ~~period~~had ~~from~~initial ~~October~~contact 1,and ~~2002~~continuing ~~(acquisition~~discussion ~~date)~~with toover one ~~December~~hundred ~~31,~~interested ~~2002. To~~prospective ~~incorporate a full year’s activity of Worldwide Online Corp~~clients., ~~this~~Additional ~~pro~~contacts ~~forma~~are ~~consolidated~~being generated ~~statement~~each ~~of operations also includes the results of Worldwide Online Corp~~week. ~~for the nine-month period from January 1, 2002 to September 30, 2002.~~

~~The~~To handle ~~Pro~~this ~~Forma~~flood ~~Consolidated~~of ~~Financial~~potential ~~Information~~new isbusiness ~~unaudited~~we ~~and~~are isramping ~~not~~up ~~necessarily~~our ~~indicative~~sales ofand support ~~the~~staff, ~~consolidated~~which ~~results~~with ~~which~~support ~~actually~~from ~~would~~our ~~have~~UK ~~occurred~~distributor ifand ~~the~~from ~~above~~our strategic ~~transactions~~ally, ~~had~~Guelph ~~been~~Food ~~consummated~~Technology atCentre, ~~the~~we ~~beginning~~expect ofwill ~~the~~generate software ~~period~~sales ~~presented;~~of ~~nor~~$25 ~~does~~million itnext ~~purport~~year, toyielding ~~present~~a ~~the~~gross ~~results~~profit of ~~operations~~over ~~for~~$ ~~future periods~~15 million.

Carmina Technologies Inc.
Pro-forma Consolidated Statement of Operations
(Unaudited - Expressed in US Dollars)
						Worldwide
				Carmina		Online Corp.
For the year ended				Technologies		(Acquired				Pro-forma
December 31, 2002				(Successor)		company) (1)		Adjustments		Balance (2)
Revenue
	Hosting and access			$	109,561	$	117,733	$	-	$	227,294
	Consulting				34,631		333,686		-		368,317
	Hardware sales				30,452		176,781		-		207,233
					174,644		628,200		-		802,844
Cost of revenues
	Hosting and access				75,341		41,037		-		116,378
	Consulting				18,526		141,934		-		160,460
	Hardware				18,991		151,498		-		170,489
	Depreciation				14,000		-		-		14,000
Cost of revenues					126,858		334,469		-		461,327
Gross profit					47,786		293,731		-		341,517
Expenses
	General and administrative				794,502		322,229		-		1,116,731
	Depreciation				4,673		10,750		-		15,423
	Research and development				322		-		-		322
			Total expenses		799,497		332,979		-		1,132,476
Loss from operations					(751,711)		(39,248)		-		(790,959)
Other income (expense)
	Unrealized loss on investments				(51,809)		-		-		(51,809)
	Writedown of advances				(213,461)		-		-		(213,461)
	Loss on settlement of debt				(223,000)		-		-		(223,000)
	Interest and other income				782		955		-		1,737
	Interest expense				(3,108)		(2,403)		-		(5,511)
			Total other expense		(490,596)		(1,448)		-		(492,044)
Net loss for the period				$	(1,242,307)	$	(40,696)	$	-	$	(1,283,003)
Basic and diluted loss per share				$	(0.06)					$	(0.06)
Weighted average shares
outstanding					22,196,368						22,683,868
(1)		Represents the results of operations of the acquired company for the nine-month period pre-acquisition.
(2)		To reflect a full year’s operations for the October 1, 2002 acquisition of Worldwide Online Corp. (Predecessor).

It is clear that the versatile ASSUR technology can provide the solution demanded by industry and regulatory authorities for an automated and monitored data gathering and analyzing system capable of serving a wide spectrum of applications tied to public health and safety. Our marketing program focused on the following sectors:

Public regulatory authorities such as Health Units, Port Authorities, and Civic Administrations;

Public authorities mandated with homeland security, customs and transportation requiring real time, mineable data bases;

Food industry participants requiring assurance that their products meet quality standard thus protecting brand and corporate reputations; and

Corporate safety programs.

.....2

Revenue will be generated by:

Our Canadian based sales force;

Select distributors in the UK, Europe and, eventually, Asia; and

Strategic alliances with inspection auditors such as Guelph Food Technology Centre and their equivalents in the US and elsewhere.

We are currently holding discussions with parties who have expressed interest in providing the $3 million in working capital we estimate will be needed to handle the expected surge in growth in our business.

Our technology currently leads in its field. Regulators and industry are awake to the urgent need to upgrade their inspection processes. Every incident of infectious disease (SARS, West Nile), contamination (meat packers and water systems), insect pests (longhorn beetles), and smuggling (drugs and people) increases the pressure to upgrade. As a result we see the market growth for our ASSUR systems continuing to accelerate.

As for competition, based on discussions I have held with our Director of Technology, it is our consensus that any would-be competitors would face an expensive two-year catch up. Thus companies that might become serious about getting into the market are more likely to consider us a takeover target instead of attempting to develop their own technology.

You will be kept abreast of developments.

Sincerely,

John M. Alston, President

Safe Harbor/Forward Looking Statements Disclaimer

This announcement contains "forward-looking statements." Words such as "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission.

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