U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

                 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934 for
                 the quarterly period ended September 30, 2001.

 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
           OF 1934 for the transition period from _______ to _______.

                         Commission File No. 33-55254-39

                           SKYNET TELEMATICS.COM, INC.
        (Exact name of Small Business Issuer as specified in its charter)

              NEVADA                            87-0485315
     (State or other jurisdiction of         (I.R.S. Employer
      incorporation or organization)        Identification No.)

                            Link House, 259 City Road
                            London, England EC1V 1JE
                    (Address of principal executive offices)

                                 44 207 490 7900
                           (Issuer's telephone number)

The number of shares outstanding of the issuer's common stock, $.001 par value,
as of October 17, 2001, were 38,726,702 shares.


Transitional Small Business Disclosure Format: Yes      No  X
                                                  ---      ---




<PAGE>


                           SKYNET TELEMATICS.COM, INC.

                          FORM 10-QSB FOR QUARTER ENDED
                               SEPTEMBER 30, 2001

                                      INDEX

<TABLE>
<CAPTION>

PART I - FINANCIAL INFORMATION                                                              Page

<S>                                                                                         <C>
         Item 1    Financial Statements

         Balance Sheet as of September 30, 2001                                              3

         Statement of Operations for the three months and nine months
                   ended September 30, 2001 and 2000                                         4

         Statement of Cash Flows for the nine months ended
                   September 30, 2001 and 2000                                               5

         Notes to Financial Statements                                                       6

         Item 2    Management's Discussion and Analysis                                      7

PART II - OTHER INFORMATION

         Item 1    Legal Proceedings                                                        12

         Item 2    Changes in Securities                                                    12

         Item 3    Defaults Upon Senior Securities                                          12

         Item 4    Submission of Matters to a Vote of Security Holders                      12

         Item 5    Other Information                                                        12

         Item 6    Exhibits and Reports on Form 8-K                                         12

SIGNATURES                                                                                  12
</TABLE>

                                       -2-




<PAGE>


PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)

                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2001

                                     ASSETS

CURRENT ASSETS
Cash                                                           $15,867
Accounts receivable                                            142,689
Inventory                                                      330,746
Prepaid expenses and other current assets                      295,679
                                                            ----------

              TOTAL CURRENT ASSETS                             784,981

Furniture and equipment                                        412,357
Software and intellectual property                           1,983,883
                                                            ----------

              TOTAL ASSETS                                  $3,181,221
                                                            ==========

                       LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Bank overdraft                                                $145,815
Accounts payable and accrued expenses                        3,068,532
Capitalized lease obligations                                    4,330
Notes payable                                                  747,345
                                                            ----------

              TOTAL CURRENT LIABILITIES                      3,966,022

Loans payable                                                   33,453
                                                            ----------

              TOTAL LIABILITIES                              3,999,475
                                                            ----------

STOCKHOLDERS' EQUITY
Preferred stock - $.001 par value;
    authorized: 20,000,000 shares;
    issued and outstanding: none
Common stock - $.001 par value;
    authorized: 75,000,000 shares;
    issued and outstanding: 37,614,818 shares                   37,615
Additional paid-in capital                                  17,187,869
Deficit                                                    (18,016,279)
Accumulated other comprehensive expenditure                    (27,459)
                                                            ----------

              TOTAL STOCKHOLDERS' EQUITY                      (818,254)
                                                            ----------

              TOTAL LIABILITIES AND
                     SHAREHOLDERS' EQUITY                   $3,181,221
                                                            ==========

                 See notes to consolidated financial statements

                                       -3-


<PAGE>


                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OPERATIOS

<TABLE>
<CAPTION>
                                                               Three months                             Nine months
                                                            Ended September 30,                     Ended September 30,
                                                            -------------------                     -------------------

                                                             2001            2000                  2001              2000
                                                             ----            ----                  ----              ----

<S>                                                        <C>             <C>                   <C>               <C>
Net sales                                                  $57,050         ($86,344)             $230,807          $475,640
Cost of sales                                             (130,179)        (226,447)             (546,786)       (1,306,871)
                                                        ----------       ----------            ----------        ----------

          GROSS LOSS                                       (73,129)        (312,791)             (315,979)         (831,231)

Depreciation and amortization                             (404,870)        (466,478)           (1,241,352)       (1,417,329)
Research and development                                   (33,961)         (66,185)             (119,681)         (214,990)
General and administrative expenses                       (544,278)        (663,913)           (1,893,340)       (2,078,328)
Interest expense - net                                     (12,411)          (8,949)              (20,978)          (27,430)
Settlement of liabilities                                                                          50,787          (118,241)
                                                        ----------       ----------            ----------        ----------

          NET LOSS                                      (1,068,649)      (1,518,316)           (3,540,543)       (4,687,549)

Foreign currency translation adjustments                   (35,770)          28,150               (90,270)            1,106
                                                        ----------       ----------            ----------        ----------

          TOTAL COMPREHENSIVE LOSS                     ($1,104,419)     ($1,490,166)          ($3,630,813)      ($4,686,443)
                                                        ==========       ==========            ==========        ==========

Basic net loss per common share                              ($.03)           ($.05)                ($.11)            ($.18)
                                                              ====             ====                  ====              ====

Weighted average number of common shares                34,665,015       27,363,388            33,103,775        26,152,686
                                                        ==========       ==========            ==========        ==========
</TABLE>

                 See notes to consolidated financial statements

                                       -4-


<PAGE>


                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                             Nine months,
                                                         Ended September 30,
                                                         -------------------

                                                        2001            2000
                                                        ----            ----
<S>                                                <C>              <C>
OPERATING ACTIVITIES
Net loss                                           ($3,540,543)     ($4,687,549)
Adjustments to reconcile net loss to cash
used in operating activities
Depreciation and amortization                        1,239,096        1,404,743
Stock issued for expenses                               79,500          133,378
Settlement of liabilities                              (50,787)         118,241
Minority interests                                      (8,460)
Other                                                   35,552           19,885
Changes in assets and liabilities:
Accounts receivable                                    (40,677)          82,756
Inventory                                              (81,643)         (63,817)
Prepaid expenses and other current assets               22,630         (615,725)
Deferred expenses                                                        47,762
Accounts payable and accrued expenses                  669,515          610,487
                                                   -----------      -----------

NET CASH USED IN OPERATING ACTIVITIES               (1,675,817)      (2,949,839)
                                                   -----------      -----------

INVESTING ACTIVITIES
Proceeds from sale of fixed assets                       7,450           30,799
Purchases of fixed assets                              (78,731)         (87,111)
                                                   -----------      -----------

NET CASH USED IN INVESTING ACTIVITIES                  (71,281)         (56,312)
                                                   -----------      -----------

FINANCING ACTIVITIES
Proceeds from sales of common stock                    767,700        3,184,094
Proceeds from sales of minority interests                8,460
Proceeds from notes payable                            703,168
Increase in bank overdraft                             145,815          (66,608)
Payments of capitalized lease obligations              (41,595)         (69,952)
Payments of note payable                                                 (8,181)
                                                   -----------      -----------

NET CASH PROVIDED BY FINANCING ACTIVITIES            1,583,548        3,039,353
                                                   -----------      -----------

EFFECT OF FOREIGN CURRENCY ADJUSTMENTS                 (21,779)           1,106
                                                   -----------      -----------

INCREASE IN CASH                                      (185,329)          34,308

CASH - beginning of year                               201,196
                                                   -----------      -----------

CASH - end of period                               $    15,867      $    34,308
                                                   ===========      ===========
</TABLE>

                 See notes to consolidated financial statements

                                       -5-


<PAGE>


                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

1. NATURE OF OPERATIONS

Skynet Telematics.com, Inc. and Subsidiaries (Company) develop, market, license
and monitor tracking and anti-theft systems for automobiles and trucks.

2. BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-QSB and Article 10 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by annual financial statements. In the opinion of management,
all adjustments (consisting of normal recurring accruals) considered necessary
for a fair presentation of the financial statements have been included.

These unaudited consolidated financial statements should be read in conjunction
with the audited consolidated financial statements and footnotes thereto,
included in Form 10-KSB of Skynet Telematics.com Inc., as of and for the year
ended December 31, 2000, as filed with the Securities and Exchange Commission.
The results of operations for the three and nine months ended September 30, 2001
are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosures of
contingent assets and liabilities at the date of the consolidated financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

3. NET LOSS PER SHARE

Basic net loss per share was computed based upon the weighted average number of
common shares outstanding during the year. Dilutive net loss per common share
has not been presented because it was anti-dilutive.

4. LOANS FROM SUPPLIER

As of September 30, 2001, the Company's subsidiaries had borrowed approximately
$507,000 from a supplier with interest at 8% to 10% per annum and repayable on
demand. Subsequently, these subsidiaries have additionally borrowed
approximately $204,000 from the supplier with interest at 8% to 10% per annum,
of which $150,000 is repayable in May 2002, the balance being repayable on
demand. An officer of the Company has guaranteed repayment of approximately
$287,000 of these loans.


                                       -6-


<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

OVERVIEW

The business of the Company and its subsidiaries is the development, marketing,
and distribution of integrated modular automotive telematic systems, with
extensive range of sensors and providing of monitoring services to users of
those products. Through its subsidiary, Skynet Telematics Ltd., the Company
distributes its own proprietary products and products developed and manufactured
by third parties, generally ComROAD AG (ComROAD) in a number of countries around
the world. Skynet entered into a written distribution agreement with ComROAD in
March 1999. Skynet develops its own software and hardware solutions to provide
for customer specific requirements. These development projects are either
patented or are registered as intellectual property and add significant value to
the project. Automotive telematic systems combine the technology for mobile
phones (GSM), global positioning satellite systems (GPS) and the Internet, to
enable customers to identify the exact location and status information about
automotive vehicles and to receive a variety of information through
communication with the monitoring station. These devices can be used by
businesses to manage fleets of vehicles of various kinds and by individuals for
their automobiles for security purposes, emergencies and access to information
available from the monitoring station. These devices are available with in-car
vehicle computers operating with Windows CE that provide the user with an array
of usage options as are found on a personal digital assistant (PDA), including
internet connections and e-mail capabilities.

Telematics enables the remote access of information, status reporting and alarm
from vehicles and personnel in-vehicle. Remote access can be to either of
Skynet's Monitoring Service Centers or directly to a designated personal
computer. Skynet is able to connect up to 32 electronic/analogue inputs and
outputs, thereby enabling the collection and report of a vast amount of real
time data from vehicles, equipment and personnel. Geo-fencing and tilt and
motion/crash sensors warn the Monitoring Service Center and/or remote location,
about accidents, attacks and thefts in real time. In addition, hands free GSM
communication allows safe conduct of business when travelling.

Skynet uses the ComROAD telematic device in most of their GPS (position locating
satellite), GSM (mobile phone technologies) and Inmarsat (low-level satellite)
applications. Skynet's sensors, interfaces, training and service provision makes
the ComROAD device consumer friendly.

The appalling events of September 11, 2001, and the war against terrorism have
highlighted concern about refugees, world-wide terrorism and personal safety.
Skynet and Solutions Direct have entered into a joint venture called "Guardnet"
to provide full telematic vehicle security, pro-active track, trace,
communication systems, and specialist intervention teams in Europe. This system
provides an effective method of combating illegal vehicle entry by refugees,
terrorists and hi-jackers.

The UK has a major problem with illegal immigrants entering the country by
hiding in vehicles crossing the English Channel from France. In its first
application, Guardnet will provide a vehicle specific geo-fence (an invisible
computer generated fence, designed to activate telematic response when the fence
is broken) approximately 30 miles inside the French coastline. All vehicles
fitted with the Guardnet Telematic Solution passing through the geo-fence will
automatically switch all refugee/terrorist sensors to "ON" (these sensors are
carbon-dioxide and motion sensors designed specifically to alarm when human
presence is detected). If illegal intrusion into the vehicle has already taken
place or if it does take place during the drive to the French ports, the sensors
will send an ALARM call to Guardnet's Monitoring Station in London. Guardnet
will then contact one of Guardnet's specialist "Intervention Teams" of up to 6
officers (comprised of ex-British military, customs and police personnel - these
highly disciplined groups are multilingual with excellent contacts in French
Customs and French Police Forces).

The Intervention Team leader will contact the vehicle drivers via the in-cab
telematics hands free GSM unit and give the agreed password before directing the
driver to a "secure area" where the refugees will be required to leave the
vehicle or trailer. The maximum time of this operation is 30 minutes; the driver
then continues his journey.

Guardnet's telematic device provides a cost and time effective solution to a
major problem for all pan-European truck and transport fleets.

<PAGE>

By using Guardnet - Truck and Transport fleets avoid:

o Fines
o Attacks on drivers
o Extensive damage to goods through urine, excrement and interference by
  refugees and terrorists
o Driver's time spent with French Police and French Customs
o Missing ferries and other cross-channel connections
o Missing important delivery schedules
o Losing vehicle time



By using Guardnet - Truck and Transport fleets benefit by:

o Improved fleet management
o Hands-free telephone communication
o Routing and navigation information
o Breakdown assistance - exact location known through GSM and GPS
o Multilingual capabilities
o Emergency button in event of hi-jack or hostage situation
o Reduced insurance costs
o Silent dial-in
o Remote immobilisation - of vehicle in the event of hi-jack or theft
o Crash sensors - to alarm in the event of an accident or attack

Guardnet is a cost effective professional solution using hi-tech and experienced
highly disciplined "men on the ground" to deal with an increasing refugee and
terrorist problem which puts drivers, goods, and businesses under threat.
Guardnet is also able to provide customer specific telematic and intervention
solutions to fight terrorists and hi-jackers in the Middle East and USA.





                                       -7-


<PAGE>


                              RESULTS OF OPERATIONS

                        CONSOLIDATED RESULT OF OPERATIONS

<TABLE>
<CAPTION>

                                                                     Three Months Ended September 30,
                                                                     --------------------------------

                                                    2001                 2000                 CHANGE                %
                                                    ----                 ----                 ------               --

<S>                                               <C>                  <C>                   <C>                    <C>
NET SALES                                         $57,050              ($86,344)             $143,394               166%

COST OF SALES                                    (130,179)             (226,447)               96,268                43%

GROSS LOSS                                        (73,129)             (312,791)              239,662                77%

DEPRECIATION AND AMORTIZATION                    (404,870)             (466,478)               61,608                13%

RESEARCH AND DEVELOPMENT                          (33,961)              (66,185)               32,224                49%

GENERAL AND ADMINISTRATIVE                       (544,278)             (663,913)              119,635                18%

INTEREST EXPENSE-NET                              (12,411)               (8,949)               (3,462)              (39%)

NET LOSS                                       (1,068,649)           (1,518,316)              449,667                30%
</TABLE>

<TABLE>
<CAPTION>

                                                                     Nine Months Ended September 30,
                                                                     -------------------------------

                                                   2001                  2000                 CHANGE                  %
                                                   ----                  ----                 ------                  -

<S>                                              <C>                   <C>                  <C>                     <C>
NET SALES                                        $230,807              $475,640             ($244,833)              (51%)

COST OF SALES                                    (546,786)           (1,306,871)              760,085                58%

GROSS LOSS                                       (315,979)             (831,231)              515,252                62%

DEPRECIATION AND AMORTIZATION                  (1,241,352)           (1,417,329)              175,977                12%

RESEARCH AND DEVELOPMENT                         (119,681)             (214,990)               95,309                44%

GENERAL AND ADMINISTRATIVE                     (1,893,340)           (2,078,328)              184,988                 9%

INTEREST EXPENSE-NET                              (20,978)              (27,430)                6,452                24%

SETTLEMENT OF LIABILITIES                          50,787              (118,241)              169,028               143%

NET LOSS                                       (3,540,543)           (4,687,549)            1,147,006                24%
</TABLE>

The above tables represent an analysis of the increases and decreases of the
components of consolidated results of operations as derived from the Company's
consolidated statement of operations for the three and nine months ended
September 30, 2001 and 2000. In general, 2001 is not comparable to 2000 because
the Company has been in an early growth stage, heavily involved in product
development and organization of monitoring services.



                                       -8-


<PAGE>


Net Sales

Sales have been disappointing so far in 2001, due mainly to changes in Telematic
consumer requirements and demands. However, now with a much improved product,
further enhanced by a range of sensors developed over the last 12 months, the
Company is more able to adapt to changing market conditions.

In the second quarter of 2001, the Monitoring Service Station in Slovakia became
fully operational and sales by the Slovakian Company in Eastern Europe commenced
during the third quarter, although these are not yet significant.

Sales are not comparative from 2001 to 2000 as a result of a cancelled sale of
400 units in the third quarter of 2000.


                                       -9-


<PAGE>


Cost of Sales/Gross Loss

Although the gross loss has decreased in 2001, the gross loss percentage is not
indicative of what it will be at higher sales levels. Purchases and salaries are
the largest components of cost of sales.

Depreciation and Amortization

Depreciation and amortization has decreased in 2001 primarily due to a fall in
capital expenditure as the Company had a reduced requirement for additional
fixed assets.

Research and Development

Research and development has decreased and is expected to remain fairly constant
as cutting edge technological solutions are designed to meet specific customer
requirements. Telematics systems require software and hardware development to
ensure full customer utilization and demand. In the same way that computers will
not function without software, Telematics requires software, hardware, sensors,
looms and monitoring service center development.

General and Administrative Expenses

General and administrative expenses decreased in 2001 resulting from the
Company's program to keep expenses as low as possible. Salaries, professional
fees and telephone costs are the most significant components of general and
administrative.

Interest Expense - Net

Interest expense - net decreased in 2001 as the Company repaid certain
financings. However, with interest now accruing on the loans received since May
2001 from a supplier, interest for the quarter has increased over the
comparative quarter for last year.

Settlements of Liabilities

Settlements of liabilities in 2001 include continued settlements with certain of
the former shareholders of SSCC, a company purchased through a subsidiary in
1998.

Net Loss

Net loss has decreased due to the nature of the Company's plan of operations.
The Company has reduced its overheads to reflect the depressed level of
operations. Further reductions are planned, although profitability will not be
attained until sales volumes increase.


                                      -10-


<PAGE>



FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

During the nine months ended September 30, 2001, the Company raised $767,700,
net of expenses, as compared to $3,184,094 for the nine months ended September
30, 2000, from private sales of shares of its common stock, which have been the
Company's primary source of funding of operations for the Company and its
subsidiaries. The Company does not have any significant capital commitments;
however, it is committed to maintain the infrastructure it has developed, the
expenses of which consist primarily of wages and salaries of Skynet personnel.
For the nine months ended September 30, 2001, the Company's operating activities
used cash of $1,675,817 as compared to $2,949,839 in 2000.

The Company believes it has built an infrastructure sufficient to support a
substantial increase in the size of the operations of the Company and its
subsidiaries over the next few years and intends to focus its efforts on revenue
growth. Skynet intends to substantially increase its marketing and distribution
efforts over the next year, and will focus its marketing efforts primarily on
the distribution of the ComROAD Skamp range of products. Such activities will
require additional funds either in the form of additional capital or financing
to permit Skynet to purchase the products from ComROAD that it in turn sells to
others. There can be no assurance that the Company and its subsidiaries will be
able to obtain the capital or financing they need to implement their growth
strategy.

At the present time, the Company's consolidated revenues cannot support the
expenses of the operations of the Company and its subsidiaries. The Company
intends to raise additional capital to fund such operations until its
consolidated revenues are sufficient to support all of the costs and expenses of
its operations. The Company will remain dependent upon infusions of capital from
investors and/or loans from its shareholders and suppliers until such time.
There can be no assurance that the Company will be able to continue to raise
capital from the sale of its securities, or to obtain loans from its
shareholders and suppliers.

We are experiencing liquidity difficulties. As of September 30, 2001, we had a
working capital deficit of approximately $3,181,000 and available cash of
approximately $16,000. Our current liabilities at September 30, 2001 include
accounts payable and accrued expenses of approximately $3,069,000. Our accounts
payable include approximately $1,464,000 which has been in dispute for over 21
months and as to which there have been no active collection efforts during the
last year. We have settled some of our obligations by issuing shares of common
stock.

As at September 30, 2001, our Skynet subsidiary had borrowed approximately
$365,000 from ComROAD AG, our principal supplier. The loan bears interest at 8%
per annum and is repayable on demand. In November 2001, ComROAD made a further
advance of $150,000 to the Skynet subsidiary, with interest at 8% per annum and
repayable in May 2002. Tom Wilmot, Company President, has personally guaranteed
repayment of approximately $287,000 of these loans. As at November 23, 2001, the
Skynet subsidiary owed ComROAD approximately $241,000 under invoices. ComROAD
has also been underwriting the operating costs of our Skamp International
subsidiary by advancing loans on a monthly basis. As at September 30, 2001, the
total borrowed by the Skamp International subsidiary from ComROAD was
approximately $142,000, with interest at 10% per annum and repayable on demand.
As at November 23, 2001, following further monthly advances, Skamp International
owed ComROAD approximately $196,000, with interest at 10% per annum and
repayable on demand. As at November 23, 2001, the Skamp International subsidiary
also owed ComROAD approximately $58,000 under invoices. We cannot guarantee that
ComROAD will provide us with additional financing. If we are unable to obtain
additional financing, we may have to curtail or suspend operations, or seek a
partner to provide financial support. We have and plan to continue to sell
shares of our common stock to offshore investors to provide working capital.
Sale of our equity securities will result in dilution to our shareholders.

FORWARD LOOKING INFORMATION

This Form 10-QSB contains forward looking statements regarding the Company's
business strategy and future plans of operation. Forward looking statements
involve known and unknown risks and uncertainties. These and other important
factors, including those mentioned in various filings with the Securities and
Exchange Commission made periodically by the Company and in various press
releases of the Company, may cause the actual results and performance to differ
materially from the future results expressed in or implied by such forward
looking statements. The forward looking statements contained herein are only as
of the date hereof and the Company disclaims any obligation to provide public
updates, revisions or amendments to any forward looking statements made herein
to reflect changes in the Company's expectations or future events.

                                      -11-
<PAGE>


                                     PART II

                                Other Information

Item 1.  Legal proceedings: None

Item 2.  Changes in Securities: Sales of Securities to offshore investors

During the third quarter of 2001, the Company sold 4,114,000 shares of common
stock at prices between $0.05 and $0.09 per share, for aggregate proceeds of
$270,614, net of commission of $9,000. These shares were sold to a total of 11
non U.S. persons, pursuant to Regulation S under the Securities Act of 1933.

There were no underwriters for any of the above offerings.

Item 3.  Defaults Upon Senior Securities: None

Item 4.  Submission of Matters to a Vote of Security Holders: None

Item 5.  Other Information: None

Item 6.  Exhibits and Reports on Form 8-K

           (a) Exhibits:  Exhibit 15 - Letter on unaudited financial information

           (b) Reports on Form 8-K: None

                                   SIGNATURES

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

                           Skynet Telematics.com, Inc.

Dated: December 19, 2001                   By: /s/ Tomas George Wilmot
       -----------------                       ------------------------------
                                               Tomas George Wilmot, President


                                      -12-

<PAGE>



                         INDEPENDENT ACCOUNTANTS' REPORT

We have reviewed the accompanying consolidated financial statements of Skynet
Telematics.com, Inc. and Subsidiaries as of September 30, 2001 and for the three
months and nine months then ended. These financial statements are the
responsibility of the Company's management.

Another accountant reviewed the interim consolidated financial information of
Netking Limited and Subsidiary and Skamp International Limited, subsidiaries of
the Company, whose combined total assets as of September 30, 2001 and whose
revenues for the nine months then ended which constituted substantially all of
the consolidated totals.

We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review and the report of the other accountant, we are not aware of
any material modifications that should be made to the accompanying consolidated
financial statements for them to be in conformity with generally accepted
accounting principles.

November 30, 2001
                                         By: /s/ Most Horowitz & Company, LLP
                                                 Most Horowitz & Company, LLP



                                      -13-