-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 J8TvTvBtq9tOUv5F3siGT7brvucKTENL+ukcphard8CT/Kd2NuCk/1jX7VFuoZU3
 1D+75S3JsRW48U7lHXP5hg==

<SEC-DOCUMENT>0001015402-03-002221.txt : 20030530
<SEC-HEADER>0001015402-03-002221.hdr.sgml : 20030530
<ACCEPTANCE-DATETIME>20030529204009
ACCESSION NUMBER:		0001015402-03-002221
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030514
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YP NET INC
		CENTRAL INDEX KEY:			0001045742
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				850206668
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24217
		FILM NUMBER:		03724320

	BUSINESS ADDRESS:	
		STREET 1:		4840 E JASMINE ST
		STREET 2:		STE 110
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020
		BUSINESS PHONE:		4806549646

	MAIL ADDRESS:	
		STREET 1:		4840 EAST JASMINE STREET
		STREET 2:		SUITE 105
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RIGL CORP
		DATE OF NAME CHANGE:	19980707

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENAISSANCE INTERNATIONAL GROUP LTD
		DATE OF NAME CHANGE:	19980115
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>doc1.txt
<TEXT>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K


                                 CURRENT REPORT
   PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934


         Date of Report (Date of earliest reported event):  May 14, 2003


                                  YP.NET, INC.
               (Exact name of registrant as specified in charter)



          NEVADA                    000-24217                85-0206668
(State or other jurisdiction       (Commission              (IRS Employer
     of incorporation)             File Number)           Identification No.)





     4840 EAST JASMINE STREET, SUITE 105, MESA, ARIZONA         85205
- ------------------------------------------------------------------------
         (Address of principal executive offices)             (Zip Code)


     Registrant's telephone number, including area code: (480) 654-9646
                                                        ---------------


<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     (c) Exhibits. The following documents are filed as exhibits to this report:

          99.1 Press release issued May 14, 2003

ITEM 9. REGULATION FD DISCLOSURE (INFORMATION FURNISHED UNDER ITEM 12, "RESULTS
OF OPERATIONS AND FINANCIAL CONDITION").

     The information contained in this Current Report is intended to be
furnished under Item 12, "Results of Operations and Financial Condition," and is
provided under Item 9 pursuant to interim guidance issued by the Securities and
Exchange Commission in Release Nos. 33-8216 and 34-47583. As such, the
information hereunder shall not be deemed to be "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of that section, nor shall it be
incorporated by reference into a filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.

     A copy of the press release issued by YP.Net, Inc. on May 14, 2003,
announcing its results of operations and financial condition for the quarter
ended March 31, 2003, is filed herewith as Exhibit 99.1 and is incorporated
herein by reference.



                                   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.

                                        YP.NET, INC.


Date: May 28, 2003                      /s/ ANGELO TULLO
                                        -----------------------
                                        Angelo Tullo,
                                        Chief Executive Officer


<PAGE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>doc2.txt
<TEXT>
                                                                    EXHIBIT 99.1


PRESS RELEASE

YP.NET REPORTS APPROXIMATELY 140% INCREASES IN REVENUE AND NET INCOME
Wednesday May 14, 2003 4:01 pm ET

MESA, Ariz.--(BUSINESS WIRE)--May 14, 2003--YP.Net (OTCBB: YPNT - News), a
                                                           ----   ----
leading provider of nationwide Internet yellow pages and related services,
reported its financial results for the three months ended March 31, 2003.
Revenue for the three months ended March 31, 2003 was $6,849,044 compared to
$2,839,438 for the comparable period ended March 31, 2002, an increase of over
140%. The increase in revenue is principally the result of an increase in the
number of Internet advertising customers. At March 31, 2003, the company had
approximately 279,071 Internet advertising customers compared to approximately
86,000 customers at March 31, 2002, an increase of approximately 220%. The
increase in Internet advertising customers is due to the continued success of
our marketing program. YP.Net utilizes direct mailings as its primary marketing
program and this Internet advertising generates its principal revenue.

Income before income taxes for the three months ended March 31, 2003 was
$2,504,774, compared to $828,390 in the comparable period in 2002, an increase
of approximately 200%. The increased income is a result of additional Internet
advertising customers and the reduction of costs relating to acquiring these
customers. Therefore, the pre-tax margin for the three months ended March 31,
2003 increased to 36.5% from 29.1% in the comparable period in 2002.

Angelo Tullo, YP.Net's CEO, commented, "Our second quarter financial results
represent the continuation of management's strategy to build the YP.Net
franchise and to become the Internet `yellow pages' of choice to businesses and
consumers. Our financial results for the first six months of fiscal 2003 nearly
approached our results for the entire previous fiscal year. We are very pleased
for our shareholders."

The provision for income taxes was $999,853 for the three months ended March 31,
2003 versus a provision of $208,102 for the comparable period in 2002. According
to David J. Iannini, YP.Net's CFO, "The company no longer has any net operating
loss carryforwards to offset our pre-tax profits. Therefore, the tax provision
as a percent of pre-tax income is higher than last year's comparable period."

Net profits for the three months ended March 31, 2003 were $1,504,921, or $0.03
per share, compared to net profits of $620,288, or $0.01 per share in the
comparable period in 2002 or an increase of approximately 140% in net income.
Net margins were 22% for the three-month periods ended March 31, 2003 and 2002
even with the additional tax in 2003.

ABOUT  YP.NET  INC.

YP.Net Inc., a leading provider of Internet-based yellow page services, offers
an Internet advertising package that includes a priority Preferred Listing and
Mini-Webpage(TM) through its yellow page Web site at www.Yellow-Page.Net and
www.YP.Net. The company's Web site contains listings for approximately 18
million businesss and individuals in the United States.

YP.Net also provides an array of other Internet services that complement its
yellow page sites (www.Yellow-Page.Net and www.YP.Net).

YP.Net is a long-standing member, exhibitor and sponsor of the two major yellow
page trade associations -- Yellow Page Integrated Media Association "YPIMA," the
major trade association of yellow page publishers throughout the world, and the
Association of Directory Publishers "ADP," which mostly


<PAGE>
represents independent yellow page publishers. YP.Net Inc. is based in Mesa. For
more information, visit the Web site at www.yp.net.
                                        ----------

This press release contains certain forward-looking statements, including those
regarding the company and its subsidiaries' expectations, intentions, strategies
and beliefs pertaining to future performance. All statements contained herein
are based upon information available to the company's management as of the date
hereof, and actual results may vary based upon future events, both within and
without management's control.


_______________
Contact:
     YP.Net Inc., Mesa
     David Iannini, 480/654-9646 Ext. 1258
     Fax: 480/654-9747


<PAGE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
