<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of
1934 for the quarterly period ended March 31, 2002.

[ ] Transition report under Section 13 or 15(d) of the Securities Exchange Act
of 1934 for the transition period from ____________ to ____________

Commission file number: 000-28611



                             ISEMPLOYMENT.COM, INC.
                             ----------------------
        (Exact name of small business issuer as specified in its charter)


         Wyoming                                     86-0970152
      ---------------                            ------------------
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
incorporation or organization)


               203-380 Pelissier Street, Windsor, Ontario N9A 6W8
               --------------------------------------------------
               (Address of principal executive office) (Zip Code)


                                 (519) 258-8318
                              --------------------
                           (Issuer's telephone number)


     Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

Yes  XX   No___
    ---

     The number of outstanding shares of the issuer's common stock, $0.001 par
value, as of March 31, 2002 was 2,578,238.

     Transitional Small Business Disclosure Format

Yes               No XX
    -----            --


<PAGE>


                                TABLE OF CONTENTS


                         PART I - FINANCIAL INFORMATION

ITEM 1.  Financial Statements

         Condensed Balance Sheets as of September 30, 2001
         and March 31, 2002 (unaudited)........................................3

         Condensed Statements of Operations
         for the Six Month Periods Ended and Three Month
         Periods Ended March 31, 2002 and 2001 (unaudited).....................4

         Condensed Statements of Cash Flows
         for the Six Month Periods Ended
         March 31, 2002 and 2001 (unaudited)...................................5

         Notes to Unaudited Condensed Financial Statements.....................6


ITEM 2.  Managements Discussion and Analysis..................................11



                           PART II - Other Information

ITEM 1.  Legal Proceedings....................................................11

ITEM 2.  Changes in Securities................................................11

ITEM 3.  Default on Senior Securities.........................................12

ITEM 4.  Submissions of Matters to a Vote of Securities Holders...............12

ITEM 5.  Other Information....................................................12

ITEM 6.  Exhibits and Reports on Form 8-K.....................................12



                                       1

<PAGE>

ITEM 1.  Financial Statements

     As used herein, the term "Company" refers to ISEMPlOYMENT.COM, INC.
(formerly known as Magical Marketing, Inc.), a Wyoming corporation, and its
subsidiaries and predecessors unless otherwise indicated. Unaudited, condensed
interim financial statements including a balance sheet for the Company as of the
quarter ended March 31, 2002 and statements of operations for three and six
months ended and the comparable period for the preceding year and statements of
cash flows for the six months ended and the comparable period for the preceding
year.

                                       2

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                   (Formerly Known as Magical Marketing, Inc.)
                          (A Development Stage Company)
                            Condensed Balance Sheets
                                   (Unaudited)

                                  ...ASSETS...

                                                  March 31,      September 30,
                                                    2002             2001
                                                 ----------      ------------
Current Assets:
   Cash                                          $      -0-      $        -0-
   Due from Officers                                    -0-             1,291
   Receivables from related party                    39,611            39,611
                                                 ----------      ------------

      Total current assets                           39,611            40,902

Fixed assets                                          2,388             2,388
Deposits                                                353               353
                                                 ----------      ------------

      Total assets                               $   42,352      $     43,643
                                                 ==========      ============

                   ...LIABILITIES AND STOCKHOLDERS' DEFICIT...

Current Liabilities:
   Accounts payable and accrued expenses         $  192,332      $    125,469
   Due to officers                                   34,097               -0-
  Loans payable in common stock                         -0-           397,652
                                                 ----------      ------------

      Total current liabilities                     226,429           523,121
                                                 ----------      ------------

Stockholders' Deficit:
 Common stock; $.001 par value; 100,000,000
   shares authorized; 2,578,238 (2,100,000 at
   September 30, 2001) shares issued
   and outstanding                                    2,578             2,100
Paid in Capital (deficit)                           395,274            (1,900)
Receivable for common stock                            (200)             (200)
Deficit accumulated during

the development stage                              (581,729)         (479,478)
                                                 ----------      ------------

   Total stockholders' deficit                     (184,077)         (479,478)
                                                 ----------      ------------

   Total liabilities and stockholders' deficit   $   42,352      $     43,643
                                                 ==========      ============


                 See accompanying notes to financial statements


                                        3

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                   (Formerly Known as Magical Marketing, Inc.)
                          (A Development Stage Company)
                       Condensed Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>


                                            For the Six Months        For the Three Months    October 20, 1999
                                             Ended  March 31             Ended  March 31     (Development Stage
                                            ------------------        --------------------    Inception Through
                                             2002          2001         2002         2001      March 31, 2002)
                                            ----          ----         ----         ----       --------------
<S> <C>
System development costs                $       -0-   $  35,055    $      -0-   $  19,919     $    160,067

General and administrative cost             102,251      79,809        65,429      58,880          421,662
                                          ---------   ---------    ----------   ---------     ------------

         Loss before income taxes           102,251     114,864        65,429      78,799          581,729

Income taxes                                    -0-         -0-           -0-         -0-              -0-
                                          ---------   ---------    ----------   ---------     ------------

         Net Loss                       $   102,251   $ 114,864    $   65,429   $  78,799     $    581,729
                                         ==========   =========    ==========   =========     ============
Basic and diluted loss per share        $      (.04)  $    (.19)   $     (.03)  $    (.13)    $       (.47)
                                         ==========   =========    ==========   =========     ============

Weighted average basic and diluted
   shares outstanding                     2,418,825     600,000     2,578,238     600,000        1,241,825
                                         ==========   =========    ==========   =========     ============
</TABLE>




                 See accompanying notes to financial statements


                                        4

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                   (Formerly Known as Magical Marketing, Inc.)
                          (A Development Stage Company)
                       Condensed Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                                      October 20, 1999
                                                     Six Months        Six Months    (Development Stage
                                                        Ended             Ended         Inception) to
                                                      March 31,         March 31,         March 31,
                                                        2002              2001              2002
                                                        ----              ----              ----

<S> <C>
Cash flows from operating activities:
   Net loss                                          $  (102,251)      $  (114,864)     $  (581,729)
   Adjustments to reconcile net loss to net
     cash used in operating activities
     System development expenses incurred
       by assumption of a related party loan                 -0-               -0-           96,555
     System development expenses incurred
       by assumption of advances payable                     -0-              (353)          42,147
     Company expenses paid by officer                     35,388               -0-           35,388
     Increase in accounts payable and
       accrued expenses                                   66,863            26,758          189,944
     Increase in deposits                                    -0-               -0-             (353)
                                                     -----------       -----------     ------------

     Net cash used in operating activities                   -0-           (88,459)        (218,048)
                                                     -----------       -----------     ------------

Cash flows from investing activities:

   Payments of amounts due from officers                     -0-             2,515          (26,291)
   Proceeds from amounts due from officers                                     -0-           25,000
   Advances to related party                                 -0-           (38,238)         (39,611)
                                                     -----------       -----------     ------------

     Net cash used in investing activities                   -0-           (35,723)         (40,902)
                                                     -----------       -----------     ------------

Cash flows from financing activities:

   Due to officers                                           -0-            15,403              -0-
   Proceeds from loans payable in
     common stock                                            -0-           105,679          397,652
   Repayment of a related party loan                         -0-               -0-          (96,555)
   Repayment of advances payable                             -0-               -0-          (42,147)
   Checks issued in excess of cash in bank                   -0-               156              626
   Payment of checks issued in excess of
     cash in bank                                            -0-               -0-             (626)
                                                     -----------       -----------     ------------

     Net cash provided by financing activities               -0-           121,238          258,950
                                                     -----------       -----------     ------------

     Net increase (decrease) in cash                         -0-            (2,944)             -0-

Cash at beginning of period                                  -0-             2,944              -0-
                                                     -----------       -----------     ------------

Cash at end of period                                $       -0-       $       -0-     $        -0-
                                                     ===========       ===========     ============

</TABLE>


                 See accompanying notes to financial statements


                                       5

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                       (Formerly Known as Marketing, Inc.)
                          (A Development Stage Company)
                          Notes to Financial Statements


NOTE 1.       THE COMPANY AND A SUMMARY OF ITS SIGNIFICANT ACCOUNTING POLICIES

              This summary of accounting policies for ISEmployment.com, Inc.
              (the Company) (a development stage company) is presented to
              assist in understanding the Company's financial statements.
              The accounting policies conform to U.S. generally accepted
              accounting principles and have been consistently applied in
              the preparation of the financial statements.

              Interim Reporting
              -----------------

              The accompanying unaudited condensed financial statements have
              been prepared in accordance with the instructions to Form
              10-QSB. Therefore, they do not include all information and
              footnotes necessary for a complete presentation of financial
              position, results of operations, cash flows, and stockholders'
              equity in conformity with U.S. generally accepted accounting
              principles. The condensed balance sheet at September 30, 2001,
              was derived from the audited balance sheet at that date which
              is not presented herein. Except as disclosed herein, there has
              been no material change in the information disclosed in the
              notes to the financial statements included in the Company's
              annual report on Form 10-KSB for the year ended September 30,
              2001. The unaudited statements reflect, in the opinion of
              management, all adjustments (which include only normal
              recurring adjustments) necessary to fairly state the financial
              position and results of operations for the three and six
              months ended March 31, 2002, and 2001. Operating results for
              interim periods are not necessarily indicative of the results
              for the year ending September 30, 2002.

              The Company was incorporated under the laws of the State of
              Wyoming on February 27, 1997. The Company ceased all operating
              activities during the period from February 27, 1997, to
              October 20, 1999, and was considered dormant.

              On June 30, 2000, ISEmployment.com, Inc. (ISEmployment), a
              Delaware corporation, and Magical Marketing, Inc. (Magical
              Marketing), merged. Magical Marketing became the surviving
              corporation and adopted the name ISEmployment.com, Inc. The
              Company issued 400,000 shares of common stock to the
              shareholders of the former ISEmployment.com, Inc. corporation
              and the Company's majority stockholder cancelled his 800,000
              shares of common stock upon the merger. The merger transaction
              is treated as a recapitalization and is accounted for as a
              reverse acquisition and recorded at

                                       6

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                   (Formerly Known as Magical Marketing, Inc.)
                          (A Development Stage Company)
                          Notes to Financial Statements
                                   (Continued)


NOTE 1.       THE COMPANY AND A SUMMARY OF ITS SIGNIFICANT ACCOUNTING POLICIES
              (continued)

              historical cost with no goodwill or other intangibles
              recorded. The 400,000 common share decrease as a result of the
              merger transaction reflects the exchange of ISEmployment's
              2,000,000 shares for 400,000 shares of Company common stock
              and the retirement of 800,000 shares of Company common stock.

              The Company is primarily engaged in raising capital and
              developing an on-line human resources and recruiting service
              for the information systems industry.

              Revenue Recognition
              -------------------

              Revenue from providing services to customers will be
              recognized when the services are rendered.

              Capitalization of Internal-Use Software Costs
              ---------------------------------------------

              The Company follows the guidance in Statement of Position
              98-1, Accounting for Costs of Computer Software Developed or
              Obtained for Internal Use, and EITF 00-2, Accounting for Web
              Site Development Costs. During the preliminary project stage,
              the Company expenses internal and external costs it incurs, or
              assumes from related parties, to develop internal-use software
              and systems. During the application development product stage,
              the Company capitalizes such costs and will amortize them on
              the straight-line method over their expected useful lives.
              Substantially all costs incurred by the Company to date relate
              to the preliminary project and planning stage including
              conceptual formulation, evaluation of alternatives,
              determination of functionalities, and identification of
              graphics and content. Accordingly, such costs have been
              expensed as system development costs.

              Fixed Assets

              The cost of fixed assets is being depreciated on a
              straight-line basis over its estimated useful life of five
              years.

                                       7

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                   (Formerly Known as Magical Marketing, Inc.)
                          (A Development Stage Company)
                          Notes to Financial Statements
                                   (Continued)

NOTE 1.       THE COMPANY AND A SUMMARY OF ITS SIGNIFICANT ACCOUNTING POLICIES
              (continued)

              Start-Up Costs
              --------------

              The Company expenses organization and start-up costs as
              incurred.

              Income Taxes
              ------------

              Deferred taxes are provided on a liability method whereby
              deferred tax assets are recognized for deductible temporary
              differences, and deferred tax liabilities are recognized for
              taxable temporary differences. Temporary differences are the
              differences between the reported amount of assets and
              liabilities and their tax bases. Deferred tax assets are
              reduced by a valuation allowance when, in the opinion of
              management, it is more likely than not that some portion or
              all of the deferred tax assets will not be realized. Deferred
              tax assets and liabilities are adjusted for the effects of
              changes in tax laws and rates on the date of enactment.

              Use of Estimates
              ----------------

              The preparation of financial statements in conformity with
              generally accepted accounting principles requires management
              to make estimates and assumptions that affect certain reported
              amounts and disclosures. Accordingly, actual results could
              differ from those estimates.

              Foreign Currency
              ----------------

              The Company generates and expends cash in both U.S. dollars and
              Canadian dollars.  Management believes that the Company's primary
              economic environment is U.S. dollars.

              The Company's financial statements have been prepared on the
              basis of U.S. dollars; however, certain transactions during
              the year were executed in Canadian dollars. Gains or losses
              from changes in Canadian dollar to U.S. dollar exchange rates
              for transactions denominated in Canadian dollars are included
              in the determination of operating results in the period in
              which the exchange rate changes.

                                       8

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                   (Formerly Known as Magical Marketing, Inc.)
                          (A Development Stage Company)
                          Notes to Financial Statements
                                   (Continued)

              New Accounting Pronouncements
              -----------------------------

              The Company does not expect the adoption of any issued, but
              not yet effective, accounting pronouncements to have a
              material effect, if any, on its financial position or results
              of operations.

NOTE 2.       CAPITAL RESOURCES

              As shown in the financial statements, the Company has
              cumulative losses of $ 581,729 and $-0- of cash at March 31,
              2002. The Company currently has no sales. These factors, among
              others, raise substantial doubt about the Company's ability to
              continue as a going concern. In order to develop and
              commercialize its technology and continue as a going concern,
              the Company will need, among other things, additional capital
              resources and financing. Management's plans to obtain such
              resources for the Company include (1) raising additional
              capital through sales of common stock, the proceeds of which
              would be used to perfect the Company's technology and services
              and satisfy immediate operating needs, and (2) using common
              stock to pay for consulting and professional services.

              The ability of the Company to continue as a going concern is
              dependent upon its ability to successfully accomplish the
              plans described in the preceding paragraph and eventually
              secure other sources of financing and attain profitable
              operations. The accompanying financial statements do not
              include any adjustments that might be necessary should the
              Company be unable to continue as a going concern.

Note 3.       DUE TO OFFICERS

              The Company has received advances from its President and Chief
              Executive Officer from time to time. The advances are
              non-interest bearing and due on demand.

Note 4.       STOCK SPLIT AND OTHER TRANSACTIONS

              On October 20, 1999, the board of Directors authorized a 1,000
              for 1 stock split, and changed the authorized number of shares
              to 100,000,000 shares and the par value to $.001. As a result
              of the split, an additional 999,000 shares were issued. All
              references in the accompanying financial statements to the
              number of common shares and per-share amounts have been
              restated to reflect this stock split.

                                       9

<PAGE>

                             ISEMPLOYMENT.COM, INC.
                   (Formerly Known as Magical Marketing, Inc.)
                          (A Development Stage Company)
                          Notes to Financial Statements
                                   (Continued)

Note 4.       STOCK SPLIT AND OTHER TRANSACTIONS (continued)


              In December 2001, the Company obtained an unpriced quotation
              on the NASD OTC Bulletin Board from NASD Regulation, Inc. As a
              result, the Company issued 478,238 shares to the third party
              investors holding $397,652 in loans to the Company payable in
              common shares at September 30, 2001. The loans payable were
              due and payable once the Company became publicly traded on
              the NASDAQ OTC market. Payment of the balance was made by
              issuing shares of Company common stock at prices ranging from
              $0.50 to $0.85 per share for a total of 478,238 shares.

              In November 2001, the Company entered into a six-month
              financing agreement with an investment banking company (the
              investment bankers). Under the terms of the agreement, the
              investment bankers will endeavor to obtain up to $2,000,000 of
              financing for the Company through the sale of up to 1,000,000
              shares of the Company's common stock at a price of $2.00 per
              share in exchange for a sales commission equal to 9% of the
              total amount of proceeds generated by the sale. Additionally,
              the agreement requires the Company to issue to the investment
              bankers a number of warrants to purchase shares of the
              Company's common stock equal to 10% of the total shares issued
              under the financing. The warrants entitle the investment
              bankers to purchase shares of common stock at a price equal to
              150% of the offering price under the financing for four years
              from the end of the financing agreement. No funds were raised
              under the agreement which expired in May 2002.

Note 5.       RELATED PARTY TRANSACTIONS

              The Company leases its office facilities from a stockholder on
              a month-to-month basis. The Company is also obligated to pay
              for certain common area fees and property taxes under the
              terms of the lease.

              The Company has advances to an entity related through common
              ownership in the amount of $39,611. This receivable from a
              related party is non-interest bearing and is due on demand.

                                       10

<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

RESULTS OF OPERATIONS

FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2002 AND 2001.

     The Company as of March 31, 2002, had not engaged in any operations other
than organizational and developmental matters. The Company had no sales or sales
revenues for the three and six months ended March 31, 2002 or 2001 due to its
development stage operations. ISEmployment.com is an Internet based development
stage company, which will provide human resources and recruiting services
on-line. The Company's site will differentiate itself from other
employment-related sites by creating a virtual human resources center and a
virtual recruitment and selection system. ISEmployment.com's targeted market
will be providing its services to United States corporations, which were
recruiting Information Systems employees.

     The Company is a development stage company. In order to fund operations
through March 31, 2002, the Company has relied on funding raised from the
issuance of notes payable to various unrelated parties. These notes payable were
converted into common stock of the company.

     The Company recorded a net loss of $102,251 for the six months ended March
31, 2002, compared to a loss of $114,864 for the same period in 2001. For the
three months ended March 31, 2002, the company recorded a net loss of $ 65,429,
compared to a net loss of $ 78,799 for the same period in 2001. The loss for six
months ended March 31, 2002, consisted of $102,251 in general and administrative
costs while conducting the business development.

CAPITAL RESOURCES AND LIQUIDITY

     As of March 31, 2002, the Company had total assets of $ 42,352 as compared
to $43,643 of total assets at September 30, 2001. The Company is actively
pursuing various financing sources to provide the necessary capital for its
expansion plans.

     Total stockholders' deficit in the Company was $184,077 as of March 31,
2002.

                            PART II-OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

         None.


ITEM 2.  CHANGES IN SECURITIES

     The Company's had loans payable that were due and payable once the Company
becomes publicly traded on the NASDAQ OTC market. Payment of the balance was to
be made by issuing shares of Company common stock at prices ranging from $0.50
to $0.85 per share. The loans were from third party investors. The Company
issued 478,238 shares of common stock in satisfaction of the notes.

                                       11

<PAGE>

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

         None.


ITEM 5.  OTHER INFORMATION

         None.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      None.

(b)      None.



                                       12

<PAGE>


SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

ISEmployment.com, Inc.


/s/ Scott Murray
----------------
Scott Murray
President/CFO and Director
May 20, 2002


                                       13