<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 December 31, 2001.

[ ] 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 December 31, 2001 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 December 31, 2001
         and September 30, 2001 (unaudited)...................................3

         Condensed Statements of Operations
         for the Three Month Periods Ended
         December 31, 2001 and 2000 (unaudited)...............................4

         Condensed Statements of Cash Flows
         for the Three Month Periods Ended
         December 31, 2001 and 2000 (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 December 31, 2001 and statements of operations and statements of
cash flows for the three 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...

                                                  December 31,    September 30,
                                                      2001             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         $     152,371    $     125,469
   Due to officers                                       8,629              -0-
   Loans payable in common stock                           -0-          397,652
                                                 --------------   --------------

      Total current liabilities                        161,000          523,121
                                                 --------------   --------------

Stockholders' Deficit:
 Common stock; $.001 par value; 100,000,000
   shares authorized; 2,578,238 (2,100,00 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                               (516,300)        (479,478)
                                                 --------------   --------------

   Total stockholders' deficit                        (118,648)        (479,478)
                                                 --------------   --------------

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


                 See accompanying notes to financial statements

                                       3
<PAGE>
<TABLE>

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

                                                For the Three Months
                                                        Ended               (October 20, 1999)
                                                      December 31            Development Stage
                                            ------------------------------   Inception Through
                                                2001              2000       December 31, 2001
                                            --------------   --------------   --------------
<S>                                         <C>              <C>              <C>
System development costs                    $         -0-    $      15,136    $     160,067

General and administrative costs                   36,822           20,929          356,233
                                            --------------   --------------   --------------

         Loss before income taxes                  36,822           36,065          516,300

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

         Net Loss                           $      36,822    $      36,065    $     516,300
                                            ==============   ==============   ==============

Basic and diluted loss per share            $        (.02)   $        (.06)   $        (.47)
                                            ==============   ==============   ==============

Weighted average basic and diluted
   shares outstanding                           2,259,413          600,000        1,087,625
                                            ==============   ==============   ==============








                        See accompanying notes to financial statements
</TABLE>

                                              4
<PAGE>
<TABLE>

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

                                                                                          October 20, 1999
                                                      Three Months       Three Months    (Development Stage
                                                         Ended              Ended          Inception) to
                                                      December 31,       December 31,       December 31,
                                                          2001               2000               2001
                                                     --------------     --------------     --------------
<S>                                                  <C>                <C>                <C>
Cash flows from operating activities:
   Net loss                                          $     (36,822)     $     (36,065)     $    (516,300)
   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-                -0-             42,147
     Company expenses paid by officer                        9,920                -0-              9,920
     Increase in accounts payable and
       accrued expenses                                     26,902                440            149,983
     Increase in deposits                                      -0-                -0-               (353)
                                                     --------------     --------------     --------------

     Net cash used in operating activities                     -0-            (35,625)          (218,048)
                                                     --------------     --------------     --------------

Cash flows from investing activities:
   Payments of amounts due from officers                       -0-             (2,087)           (26,291)
   Proceeds from amounts due from officers                     -0-                 -0-            25,000
   Advances to related party                                   -0-            (38,063)           (39,611)
                                                     --------------     --------------     --------------

     Net cash used in investing activities                     -0-            (40,150)           (40,902)
                                                     --------------     --------------     --------------

Cash flows from financing activities:
   Proceeds from loans payable in
     common stock                                              -0-             72,566            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-                265                626
   Payment of checks issued in excess of
     cash in bank                                              -0-                 -0-              (626)
                                                     --------------     --------------     --------------

     Net cash provided by financing activities                 -0-             72,831            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
         months ended December 31, 2001, and 2000. 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.

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

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


                                       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)

         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.

         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.


                                       8
<PAGE>

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


NOTE 2.  CAPITAL RESOURCES

         As shown in the financial statements, the Company has cumulative losses
         of $516,300 and $-0- of cash at December 30, 2001. 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.

         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


                                       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)

         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.

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 MONTHS ENDED DECEMBER 31, 2001 AND 2000.

         The Company as of December 31, 2001, had not engaged in any operations
other than organizational and developmental matters. The Company had no sales or
sales revenues for the three months ended December 31, 2001 or 2000 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 December 31, 2001, the company has relied on funding raised from the
issuance of notes payable to various unrelated parties. These notes payable are
convertible into common stock of the company.

         The Company recorded a net loss of $36,822 for the three months ended
December 31, 2001, compared to a loss of $36,065 for the same period in 2000.
The loss for three months ended December 31, 2001, consisted of $36,822 in
general and administrative costs while conducting the business development.

CAPITAL RESOURCES AND LIQUIDITY

         As of December 31, 2001, 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 $118,648 as of December
31, 2001.

                            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




March 15, 2002