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): May 31, 2001

                     HIAWATHA INDUSTRY INTERNET CORPORATION

             (Exact name of registrant as specified in its charter)

  DELAWARE                               333-04058              25-1381014
  --------                               ---------             ----------
(State or other of jurisdiction   (Commission File Number)    (IRS Employer
 incorporation)                                              Identification No.)


     c/o Steven I. Gutstein, 780 Third Ave., 24th Floor, New York, NY 10017
               (Address of principal executive offices) (Zip Code)

                                  212-829-0215
               Registrant's telephone number, including area code


          (Former name or former address, if changed since last report)



<PAGE>




ITEM 1. CHANGES IN CONTROL OF REGISTRANT

        See the disclosure in Item 5 below.

ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS

        See the disclosure in Item 5 below.

ITEM 3. BANKRUPTCY OR RECEIVERSHIP

        Not Applicable.

ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

        Not Applicable.

ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

         On  May  31,  2001,   the   Registrant   acquired   Centacom   Ltd.,  a
privately-held United Kingdom corporation  ("Centacom") pursuant to the terms of
a Share Exchange Agreement dated May 31, 2001 (the "Share Exchange  Agreement").
Pursuant to the Share Exchange Agreement, the Registrant has issued an aggregate
of  31,969,700  shares of its common  stock to the  shareholders  of Centacom in
exchange for all of the outstanding  and issued shares of Centacom.  As a result
of the exchange,  Centacom is now a wholly-owned  subsidiary of the  Registrant.
There are now  46,040,996  shares of common stock of the  registrant  issued and
outstanding.


         Centacom is a developmental  stage company engaged in the technology of
"Internet  Telephony".  To date,  Centacom has developed a number of proprietary
products including "Centacall", "Centaphone" and "Talk'n'View", which allows for
real-time  voice-interaction between a viewer of an enabled web site and the web
site's receptionist.  A more comprehensive  description of Centacom's technology
may be found at its web site: "www.centacomtechnologies.com".
<PAGE>

         The  Registrant has not conducted any business  operations  since 1997,
other than, since May 2000, to search for a business entity with which to effect
a  business  combination.  Having now  effectuated  a  business  combination  by
acquiring all of the issued and outstanding  shares of Centacom,  the Registrant
intends to conduct future business  operations through its newly acquired wholly
owned subsidiary.  Accordingly,  the Registrant has moved its principal place of
business from the offices of its former President,  Reinhardt Stille, located at
21  Boulevard du Larvotto,  Monaco,  to the offices of Centacom,  located at 136
Albion Street, Southwick, West Sussex. BN42 4DP- UK.

                  The Registrant's management now consists of:

Michael John Ayers:     President, Chief Executive Officer, and
                        Director

Peter Richard Godwin:   Chief Technology Officer, and Director

Reinhardt Stille:       Secretary/Treasurer and Director

Michael John Ayers (47) - President,  Chief Executive Officer, and Director. Mr.
Ayers is the Chairman and Chief Executive Officer of Centacom,  the Registrant's
wholly owned operating subsidiary based in the United Kingdom,  which he founded
in 1999.  Prior to that,  Mr.  Ayers  was the  Chief  Executive  Officer  of AMT
Telecommunications,  which he  founded  in 1984.  Mr.  Ayers  served as a Junior
Marine Engineering Officer in the United Kingdom Merchant Navy.

Peter Richard  Godwin(46)- Chief Technology Officer,  and Director.  Since 1999,
Mr. Godwin has been the Director of Technology and Development of Centacom,  the
Registrant's  wholly owned operating  subsidiary.  From 1998 to 1999, Mr. Godwin
was  an  independent   consultant   working  for  the  Swarovski   Organization.
Previously,  as an employee of that organizaton,  Mr. Godwin was responsible for
its  PC  systems   worldwide.   As  a  consultant  he  developed  the  Swarovski
Organization's  E.P.O.S.  systems based on barcode  technology,  remote ordering
systems and E.D.I. Prior to working for the Swarovski  Organization,  Mr. Godwin
spent 18 years in the Flight Simulation Industry.

Reinhardt Stille (60)-  Secretary/Treasurer.  From May, 2000,  through May 2001,
Mr.  Stille was the  Registrant's  sole officer and  director.  Mr.  Stille is a
Canadian  Certified  General  Accountant  (CGA)  and a  Fellow  of the  Canadian
Securities  Institute (FCSI) who trained with Price Waterhouse and was assistant
controller for Canada Development  Corporation,  one of Canada's largest holding
companies.  Mr.  Stille was in  institutional  sales with Dean  Witter  Reynolds
(Canada)  Inc.,  and  predecessor  companies.  In 1991 he relocated to Monaco to
pursue private business interests.
<PAGE>


Principal Shareholders

         The  following  table  sets  forth  the  number  of and  percentage  of
outstanding  shares  of  common  stock  beneficially  owned by the  Registrant's
officers  and  directors  and  those  shareholders  owning  more  that 5% of the
Registrant's common stock as of May 31, 2001 after giving effect to the exchange
of shares.

-------------------------------------------------------------------------
           Name and Address      Shares of Common Stock  Percent of Class
-------------------------------------------------------------------------
Michael John Ayers
24 Baranscraig Avenue                  24,234,350             52.64%
Brighton
East Sussex - BN1 8RE
England
-------------------------------------------------------------------------
Reinhardt Stille
6 bis, Bvd. D'Italie                   10,771,175             23.39%
98000 Monaco
France
-------------------------------------------------------------------------
Peter Richard Godwin
26 Forest Road                          2,450,000             5.32%
Worthing
West Sussex - BN14 9NB
England
-------------------------------------------------------------------------
All Directors and Officers as a        37,455,525             81.35%
Group (3 people)
-------------------------------------------------------------------------



ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS

        Not Applicable.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

        (a)  Financial statements of businesses acquired:

         The financial  statements  of Centacom  required to be filed as part of
this report will be filed by the  Registrant by amendment to this report as soon
as practicable, but not later than sixty (60) days after this report is filed.
<PAGE>

        (b)  Pro forma financial information:

         The pro forma  financial  information  required  to be filed as part of
this report will be filed by the  Registrant by amendment to this report as soon
as practicable, but not later than sixty (60) days after this report is filed.


         (c)   Exhibits

         2.1         Share  Exchange  Agreement  dated May 31, 2001

ITEM 8.  CHANGE IN FISCAL YEAR.

         The Registrant, in an effort to align its financial reporting with that
of its newly acquired  subsidiary,  has changed its fiscal year end to March 31.
This is a change from its previous year end of December 31. The Registrant  will
file a Form 10-KSB for the  transition  period  ending March 31, 2000 as soon as
practicable, but not later than thirty (30) days after this report is filed. The
10-KSB will cover the three month  transition  period from  December 31, 2000 to
March 31, 2001.


ITEM 9. REGULATION FD DISCLOSURE

         Not applicable.

                                            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.

Date: June 12, 2001


                                          HIAWATHA INDUSTRY INTERNET CORPORATION

                                          By: /s/ Michael John Ayers
                                          -----------------------------------
                                          Michael John Ayers, President and CEO
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{"company-data": {"conformed-name": "HIAWATHA INDUSTRY INTERNET CORP", "cik": "0000352903", "assigned-sic": "1311", "irs-number": "251381014", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11599", "film-number": "1659301"}, "business-address": {"street1": "C/O STEVEN I GUTSTEIN", "street2": "780 THIRD AVENUE 24TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10017", "phone": "5167418097"}, "former-company": {"former-conformed-name": "HIAWATHA OIL & GAS CORP", "date-changed": "19960501"}}
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): May 31, 2001

                     HIAWATHA INDUSTRY INTERNET CORPORATION

             (Exact name of registrant as specified in its charter)

  DELAWARE                               333-04058              25-1381014
  --------                               ---------             ----------
(State or other of jurisdiction   (Commission File Number)    (IRS Employer
 incorporation)                                              Identification No.)

     c/o Steven I. Gutstein, 780 Third Ave., 24th Floor, New York, NY 10017
               (Address of principal executive offices) (Zip Code)

                                  212-829-0215
               Registrant's telephone number, including area code

          (Former name or former address, if changed since last report)
ITEM 1. CHANGES IN CONTROL OF REGISTRANT

        See the disclosure in Item 5 below.

ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS

        See the disclosure in Item 5 below.

ITEM 3. BANKRUPTCY OR RECEIVERSHIP

        Not Applicable.

ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

        Not Applicable.

ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

         On  May  31,  2001,   the   Registrant   acquired   Centacom   Ltd.,  a
privately-held United Kingdom corporation  ("Centacom") pursuant to the terms of
a Share Exchange Agreement dated May 31, 2001 (the "Share Exchange  Agreement").
Pursuant to the Share Exchange Agreement, the Registrant has issued an aggregate
of  31,969,700  shares of its common  stock to the  shareholders  of Centacom in
exchange for all of the outstanding  and issued shares of Centacom.  As a result
of the exchange,  Centacom is now a wholly-owned  subsidiary of the  Registrant.
There are now  46,040,996  shares of common stock of the  registrant  issued and
outstanding.

         Centacom is a developmental  stage company engaged in the technology of
"Internet  Telephony".  To date,  Centacom has developed a number of proprietary
products including "Centacall", "Centaphone" and "Talk'n'View", which allows for
real-time  voice-interaction between a viewer of an enabled web site and the web
site's receptionist.  A more comprehensive  description of Centacom's technology
may be found at its web site: "www.centacomtechnologies.com".
The  Registrant has not conducted any business  operations  since 1997,
other than, since May 2000, to search for a business entity with which to effect
a  business  combination.  Having now  effectuated  a  business  combination  by
acquiring all of the issued and outstanding  shares of Centacom,  the Registrant
intends to conduct future business  operations through its newly acquired wholly
owned subsidiary.  Accordingly,  the Registrant has moved its principal place of
business from the offices of its former President,  Reinhardt Stille, located at
21  Boulevard du Larvotto,  Monaco,  to the offices of Centacom,  located at 136
Albion Street, Southwick, West Sussex. BN42 4DP- UK.

                  The Registrant's management now consists of:

Michael John Ayers:     President, Chief Executive Officer, and
                        Director

Peter Richard Godwin:   Chief Technology Officer, and Director

Reinhardt Stille:       Secretary/Treasurer and Director

Michael John Ayers (47) - President,  Chief Executive Officer, and Director. Mr.
Ayers is the Chairman and Chief Executive Officer of Centacom,  the Registrant's
wholly owned operating subsidiary based in the United Kingdom,  which he founded
in 1999.  Prior to that,  Mr.  Ayers  was the  Chief  Executive  Officer  of AMT
Telecommunications,  which he  founded  in 1984.  Mr.  Ayers  served as a Junior
Marine Engineering Officer in the United Kingdom Merchant Navy.

Peter Richard  Godwin(46)- Chief Technology Officer,  and Director.  Since 1999,
Mr. Godwin has been the Director of Technology and Development of Centacom,  the
Registrant's  wholly owned operating  subsidiary.  From 1998 to 1999, Mr. Godwin
was  an  independent   consultant   working  for  the  Swarovski   Organization.
Previously,  as an employee of that organizaton,  Mr. Godwin was responsible for
its  PC  systems   worldwide.   As  a  consultant  he  developed  the  Swarovski
Organization's  E.P.O.S.  systems based on barcode  technology,  remote ordering
systems and E.D.I. Prior to working for the Swarovski  Organization,  Mr. Godwin
spent 18 years in the Flight Simulation Industry.

Reinhardt Stille (60)-  Secretary/Treasurer.  From May, 2000,  through May 2001,
Mr.  Stille was the  Registrant's  sole officer and  director.  Mr.  Stille is a
Canadian  Certified  General  Accountant  (CGA)  and a  Fellow  of the  Canadian
Securities  Institute (FCSI) who trained with Price Waterhouse and was assistant
controller for Canada Development  Corporation,  one of Canada's largest holding
companies.  Mr.  Stille was in  institutional  sales with Dean  Witter  Reynolds
(Canada)  Inc.,  and  predecessor  companies.  In 1991 he relocated to Monaco to
pursue private business interests.
Principal Shareholders

         The  following  table  sets  forth  the  number  of and  percentage  of
outstanding  shares  of  common  stock  beneficially  owned by the  Registrant's
officers  and  directors  and  those  shareholders  owning  more  that 5% of the
Registrant's common stock as of May 31, 2001 after giving effect to the exchange
of shares.

-------------------------------------------------------------------------
           Name and Address      Shares of Common Stock  Percent of Class
-------------------------------------------------------------------------
Michael John Ayers
24 Baranscraig Avenue                  24,234,350             52.64%
Brighton
East Sussex - BN1 8RE
England
-------------------------------------------------------------------------
Reinhardt Stille
6 bis, Bvd. D'Italie                   10,771,175             23.39%
98000 Monaco
France
-------------------------------------------------------------------------
Peter Richard Godwin
26 Forest Road                          2,450,000             5.32%
Worthing
West Sussex - BN14 9NB
England
-------------------------------------------------------------------------
All Directors and Officers as a        37,455,525             81.35%
Group (3 people)
-------------------------------------------------------------------------

ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS

        Not Applicable.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

        (a)  Financial statements of businesses acquired:

         The financial  statements  of Centacom  required to be filed as part of
this report will be filed by the  Registrant by amendment to this report as soon
as practicable, but not later than sixty (60) days after this report is filed.
(b)  Pro forma financial information:

         The pro forma  financial  information  required  to be filed as part of
this report will be filed by the  Registrant by amendment to this report as soon
as practicable, but not later than sixty (60) days after this report is filed.

         (c)   Exhibits

         2.1         Share  Exchange  Agreement  dated May 31, 2001

ITEM 8.  CHANGE IN FISCAL YEAR.

         The Registrant, in an effort to align its financial reporting with that
of its newly acquired  subsidiary,  has changed its fiscal year end to March 31.
This is a change from its previous year end of December 31. The Registrant  will
file a Form 10-KSB for the  transition  period  ending March 31, 2000 as soon as
practicable, but not later than thirty (30) days after this report is filed. The
10-KSB will cover the three month  transition  period from  December 31, 2000 to
March 31, 2001.

ITEM 9. REGULATION FD DISCLOSURE

         Not applicable.

                                            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.

Date: June 12, 2001

                                          HIAWATHA INDUSTRY INTERNET CORPORATION

                                          By: /s/ Michael John Ayers
                                          -----------------------------------
                                          Michael John Ayers, President and CEO