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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Pe0H2X1RUlNrksRonQBwl9xumuwjzNC5s+d05O1ITxAGmA/5bhx2F9sRnHQSjQel
 3RV/tBt+V6h7g1I8xtyvyg==

<SEC-DOCUMENT>0001014909-05-000003.txt : 20050118
<SEC-HEADER>0001014909-05-000003.hdr.sgml : 20050117
<ACCEPTANCE-DATETIME>20050118103118
ACCESSION NUMBER:		0001014909-05-000003
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050113
FILED AS OF DATE:		20050118
DATE AS OF CHANGE:		20050118

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cohn Arthur
		CENTRAL INDEX KEY:			0001289872

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28363
		FILM NUMBER:		05532414

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		41613121212

	MAIL ADDRESS:	
		STREET 1:		GELLERTSTRASSE 18
		CITY:			BASEL
		STATE:			V8
		ZIP:			4052

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>4
<SEQUENCE>1
<FILENAME>acohn_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-01-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001289872</rptOwnerCik>
            <rptOwnerName>Cohn Arthur</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>GELLERTSTRASSE 18</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BASEL</rptOwnerCity>
            <rptOwnerState>V8</rptOwnerState>
            <rptOwnerZipCode>4052</rptOwnerZipCode>
            <rptOwnerStateDescription>SWITZERLAND</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Convertible Loan</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.20</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-01-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionTotalValue>
                    <value>86150</value>
                </transactionTotalValue>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-01-13</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>861500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8602611</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person loaned the Issuer $86,150 pursuant to a demand convertible promissory note that is immediately
convertible at the option of the Reporting Person into shares of Common Stock at a conversion price of $0.20 per share, and
an immediately exercisable three-year warrant to purchase 430,750 shares of Common Stock at an exercise price of $1.00 per
share.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Arthur Cohn</signatureName>
        <signatureDate>2005-01-16</signatureDate>
    </ownerSignature>
</ownershipDocument>

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