Quarterly Report

Item 2. Managements Discussion and Analysis or Plan of Operations

We were organized for the purpose of acquiring other entities or businesses. Prior to November, 2000, we had attempted to acquire several businesses, however, none of those acquisitions were completed. In November 2000, the Company acquired SavOnCalling.com LLC ("SavOn") but has since discontinued the business of this subsidiary. In March 2002, we acquired National Online Services, Inc.("NOL"), which developed and marketed internet provider services for small businesses. The operations of NOL commenced during 2001, as well as that of another subsidiary. We continued and expanded the operations of NOL as well as other subsidiaries operating similar businesses primarily with funds generated from operations, making considerable expenditures for staffing and infrastructure.

We have recently changed the focus of our operations to provide telemarketing programs and other services for third parties using facilities we will develop or acquire. The establishment of this business will require substantial sums that may be in excess of recent financing and the anticipated cash flow of our existing business. There is no assurance that we will obtain sufficient resources to develop this new business without significant outside financing. In addition, we will incur substantial costs that may have an impact on our results of operations.

Set forth below are comparisons of financial results for the prior two fiscal years and the first quarter of this year and the prior years. These comparisons are intended to aid in the discussion that follows. This discussion and analysis should be read in conjunction with the financial statements and related notes contained elsewhere in this report.

Comparison of the 2nd Quarter and the year to date 2003 to the 2nd Quarter and year to date 2002

Second Quarter Comparison between 2003 and 2002


(Please see Financial Information section)