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):

                                January 15, 2001


                           EXUS NETWORKS, INC., f/k/a
                                 E*twoMEDIA.com
             (Exact Name of Registrant as specified in its Charter)


          Nevada                      0-18049                91-1317131
(State or other jurisdiction        Commission             (IRS Employer
    of incorporation)                File No.              Identification
                                                               Number)


               29 Broadway, Suite 1110, New York, New York, 10006
                          (Exact Address of Registrant)


                         Registrant's Telephone Number,
                       Including Area Code: (212) 514-6600




Item 1. Changes in Control of Registrant.

     Pursuant to an Agreement and Plan of Reorganization  dated January 15, 2001
(the  "Exchange  Agreement")  between the Company and the  shareholders  of Exus
Networks, Inc., a New York corporation ("Exus New York") Issac Sutton became the
majority  stockholder and the sole director of the Company.  Upon consumation of
the Exchange Agreement,  the Company acquired one hundred percent (100%) of Exus
New York's  common  stock.  In exchange for the delivery to the Company of their
Exus New York common stock,  Mr. Sutton and the other  shareholders  of Exus New
York received an aggregate of twenty million ($20,000,000)  restricted shares of
the Company's  common stock.  By virtue of the Exchange  Agreement,  the Company
remains in existence as a surviving  corporation,  with eighty (80%)  percent of
its outstanding common stock owned by the former shareholders of Exus New York.


Item 2. Acquisition or Disposition of Assets.

     Pursuant to the Exchange  Agreement,  the Company  acquired  ownership  and
control of Exus New York's assets and operations. By reason of such acquisition,
the  Company  -  which  was  formerly   inactive  and  in  pursuit  of  business
opportunities  - is now  engaged  in  the  business  of  providing  global  data
networking  and  Internet  related  service  via  Satellite  to medium and large
businesses and internet service providers.


Item 5. Other Events and Regulation FD Disclosure.

     Pursuant  to a  Certificate  Amending  Articles  of  Incorporation  of  the
Company,  filed with the Secretary of State of Nevada on December 19, 2000,  the
name of the Company was changed from E*twoMEDIA.com to Exus Networks, Inc.


Item 6. Resignation of Registrant's Director.

     Pursuant to the Exchange  Agreement,  Daniel Jefferies resigned as the sole
director of the Company.




Item 7  Financial Statements, Pro Forma Financial
        Information and Exhibits


        (c)  Exhibit Index




                                   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.


                                           EXUS NETWORKS, INC.



Date: March 22, 2001                       By:
                                               -------------------------------
                                               Isaac Sutton, President
                                               and Secretary