Very Disappointing 10K in most respects, except.... 1) The Shareholders Equity that rose from $260,000 in 1999 to $3,362,000 in 2000, or an approximate Book Value of 18.6 cents/share... 2) Deferred Tax Assets against "future" Profits: $1,440,000... <A HREF="http://www.10kwizard.ragingbull.com/fil_submis.asp?uid=45937923&iacc=1436147" target="_new">http://www.10kwizard.ragingbull.com/fil_submis.asp?uid=45937923&iacc=1436147</A> JMHO, F. Goelo + + +