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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 6TqldcnfTglFmNtHDun4Ww==

<SEC-DOCUMENT>0001014909-04-000095.txt : 20040618
<SEC-HEADER>0001014909-04-000095.hdr.sgml : 20040618
<ACCEPTANCE-DATETIME>20040618154217
ACCESSION NUMBER:		0001014909-04-000095
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040618

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cohn Marcus
		CENTRAL INDEX KEY:			0001289880

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28363
		FILM NUMBER:		04870854

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		97225670674

	MAIL ADDRESS:	
		STREET 1:		ALHARIZI STREET 26 REHAVIA
		CITY:			JERUSALEM
		STATE:			L3
		ZIP:			92421

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SBS INTERACTIVE CO
		CENTRAL INDEX KEY:			0001085220
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				650705830
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4211 YONGE STREET
		STREET 2:		SUITE 235
		CITY:			TORONTO ONTARIO CANA
		STATE:			A6
		ZIP:			M2P2A9
		BUSINESS PHONE:		(905) 660-0646

	MAIL ADDRESS:	
		STREET 1:		4211 YONGE STREET
		STREET 2:		SUITE 235
		CITY:			TORONTO ONTARIO CANA
		STATE:			A6
		ZIP:			M2P2A9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INET COMMERCE CONDUIT CORP
		DATE OF NAME CHANGE:	19991130
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>f5_mcohnex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2003-12-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0001085220</issuerCik>
        <issuerName>SBS INTERACTIVE CO</issuerName>
        <issuerTradingSymbol>SBSS.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001289880</rptOwnerCik>
            <rptOwnerName>Cohn Marcus</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6, ALHARIZI STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>JERUSALEM</rptOwnerCity>
            <rptOwnerState>L3</rptOwnerState>
            <rptOwnerZipCode>92421</rptOwnerZipCode>
            <rptOwnerStateDescription>ISRAEL</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2003-12-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1000000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares were acquired directly from the Issuer in a private transaction in consideration of certain non-exclusive consulting
services in the form of introductions to key management and other personnel, introductions to strategic and joint venture
partners, introductions to service providers, and general strategic and marketing advice and various other services provided
or to be provided through February 17, 2005.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Marcus Cohn</signatureName>
        <signatureDate>2004-06-17</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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