YMG Ventures Inc. is reporting weaker results for the third quarter.

YMG Ventures saw a net loss of $4,486,643 for the nine months ended September 30, compared with net income of $2,678,913 for the same period of 2000.

The net loss for the quarter was $466,027 compared to a net loss of $343,171 for the same period of 2000.

The large swing in income is due to unrealized losses of $5,352,197 for the nine months, compared with unrealized gains of $3,309,897 for the same period of 2000.

The loss is primarily due to the write-down of investments in BayStreetDirect.com Inc., Opus2Direct.com Inc. and StreetViews.com Inc. The total write-down for these three investments was $5,056,000.