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

                            Form 10-KSB
(Mark One)

[X]   Annual Report Pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934 For the Fiscal Year Ended October 31, 2003

[ ]   Transition Report Pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934

        For the Transition Period from_________to __________

Commission File Number 0-33417

                    EPIC FINANCIAL CORPORATION
                  ------------------------------
                   (Exact Name of Registrant as
                     Specified in its Charter)

             Nevada                                     88-0451534
         --------------                              -----------------
   (State or other jurisdiction of                  (I.R.S. employer
    incorporation or organization)                 identification number)


   3300 Irvine Avenue, Suite 220, Newport Beach, CA       92660
  --------------------------------------------------    ---------
     (Address of principal executive offices)           (Zip code)

Issuer's Telephone Number: (949) 622-1130

Securities registered under Section 12(b) of the Exchange Act:

  Title of each class         Name of each exchange on which registered
  -------------------         -----------------------------------------
         N/A                                     N/A

Securities registered under Section 12(g) of the Exchange Act:  Common
Stock, $0.001 par value

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  [X]    No [ ]

Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure will
be contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-KSB or any amendment to this Form 10-KSB. [X]

The issuer's revenues for its most recent fiscal year: $131,059.




                               -1-




The aggregate market value of voting and non-voting common equity held by
non-affiliates of the registrant as of February 12, 2004:  Common stock,
$0.001 par value:  $1,608,269.

The number of shares of the registrant's common stock outstanding as of
February 12, 2004:  18,134,827.

Documents incorporated by reference:  Not Applicable

Transitional Small Business Disclosure Format:  Yes  [ ]    No [X]


                    FORWARD-LOOKING STATEMENTS

   This annual report contains forward-looking statements. In some cases,
you can identify forward-looking statements by terms such as "may," "will,"
"should," "could," "would," "expects," "plans," "anticipates," "believes,"
"estimates," "projects," "predicts," "potential" and similar expressions
intended to identify forward-looking statements. These statements reflect
our current views with respect to future events and are based on
assumptions and subject to risks and uncertainties. These risks,
uncertainties and other factors may cause our actual results, performances
or achievements to be materially different from those expressed or implied
by our forward-looking statements. Our forward-looking statements in this
annual report include, but are not limited to, statements relating to:

   *  our anticipated business strategy;

   *  the market opportunity for our services, including anticipated growth
      of our industry and expected demand for our services;

   *  our plans for hiring additional personnel;

   *  our estimates regarding our future capital requirements and needs for
      additional financing; and

   *  any of our other plans, objectives, expectations and intentions
      contained in this prospectus that are not historical facts.

   You should read this annual report completely and with the understanding
that our actual future results may be materially different from what we
expect. We will not update these forward-looking statements, even though
our situation may change in the future. We qualify all of our forward-
looking statements by these cautionary statements.

   Our forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different. Such factors include, among others, the risk and
other factors set forth in the section "Risk Factors" as well as the
following:

    *  changes in general economic and business conditions;

    *  changes in current pricing levels;

    *  reductions in sales to any of our significant customers or in
       customer capacity generally;

    *  our ability to hire and retain qualified personnel;

    *  changes in our sales mix to lower margin financial products;
       increased competition; and

    *  our ability to keep up with technological change and changes in
       customer demands.





                               -2-





   If one or more of these risks or uncertainties materialize, or if
underlying assumption prove incorrect, our actual results may vary
materially from those expected, estimated or projected. Because of these
uncertainties, you should not place undue reliance on forward-looking
statements.

                              PART I

Item 1.  Description of Business.

     Business Development

     On February 14, 2000, we were incorporated in the State of Nevada
under the name "BigEquip.net, Inc." and February 8, 2002 our name was
changed to "Big Equipment Services, Inc."  We sometimes refer to our
company in this Annual Report as the "Company".

     Effective March 7, 2003, the Articles of Incorporation of the Company
were amended to change the name of the Company to Epic Financial
Corporation. At the same time, the Certificate of Amendment to Articles of
Incorporation effectuated a 1-for-20 reverse split of the Company's common
stock. The record date for the reverse split was the close of business on
March 6, 2003. For further information concerning the change of name and
reverse split, reference is made to the Company's Schedule 14C Definitive
Information Statement that was filed with the Securities and Exchange
Commission on February 14, 2003.

     Pursuant to a Purchase Agreement dated March 7, 2003, the Company, on
March 31, 2003, closed a transaction, whereby it acquired all of the issued
and outstanding shares of common stock, no par value, of Saddleback
Investment Services, Inc., a California corporation ("Saddleback") from
William R. Parker ("Mr. Parker") and six otherwise unaffiliated persons or
entities. In exchange for the shares of Saddleback, we issued 1,500,000
shares of our restricted common stock, $0.001 par value per share, to Mr.
Parker and an aggregate of 1,500,000 shares to such other persons or
entities.  As a result of this transaction, Mr. Parker became the
beneficial owner of 44.79% of the issued and outstanding common stock of
the Registrant, the sole class of voting stock of the Registrant.  As a
part of the transaction, on March 31, 2003, Mr. Parker was appointed to the
Board of Directors of the Company and elected President of the Company.
For further information concerning the acquisition of Saddleback by the
Company, reference is made to our Current Report on Form 8-K, which was
filed with the Securities and Exchange Commission on March 31, 2003.

     At the same time, we abandoned the intended focus of our business form
one of providing business and e-commerce solutions to small- and medium-
sized construction companies, which was never implemented, and adopted a
new business strategy - a financial services firm, specifically  real
estate mortgage financing.





                               -3-




     As a result of the acquisition by the Company of Saddleback, on March
31, 2003, Saddleback became a wholly-owned subsidiary of the Company.  The
transaction was treated as a reverse acquisition for accounting purposes.
The historical results reflected in the financial statement and discussed
herein, however, are those of the entity in existence as of the fiscal year
ended December 31, 2002, Big Equipment Services, Inc. (formerly
BigEquip.net, Inc.).

     As a result of the accounting treatment of the purchase of the
Saddleback Stock by the Company, Saddleback is deemed to be the "Accounting
Acquiror", thus resulting in the Company's adoption of the October 31
fiscal year-end of the Accounting Acquiror.

     On October 1, 2003, the Company completed a transaction whereby it
acquired all of the issued and outstanding capital stock of Key Mortgage
Corporation; however, this transaction was rescinded on February 3, 2004,
effective October 1, 2003, because of the inability to obtain in a timely
manner the audited financial statements with respect to Key Mortgage
Corporation for the ten months ended October 31, 2003.


     Business of the Company

     The following discussion of the business of the Company includes the
business operations of its subsidiary, Saddleback Investment Services,
Inc., which was acquired by the Company on March 31, 2003.

General

     Saddleback, presently doing business as American National Mortgage
("American National") is a mortgage broker and banking entity with its
principal office located in Newport Beach, California. American National
was formed in November, 1992 and operated primarily as a wholesale mortgage
banker until mid-2001.  In July 2001, American National was acquired by EMB
Corporation.  Due to the inability of its parent company to provide
adequate capital for growth, American National suspended much of its
operations and conducted only limited retail mortgage operations until
December 2002, at which time Mr. Parker rescinded the transaction with EMB
Corporation.  From January 2003 to present the Company has again began to
expand its retail mortgage operations.  American National anticipates not
only a growth in such retail operations, but also a significant expansion
of wholesale lending operations.

     American National generates its income primarily through fees and
expenses charged to borrowers and from yield spread premiums and/or service
release premiums paid to American National when the closed loans are sold
by American National to third party investors, primarily larger mortgage
lenders or banks.

     American National is presently approved to do business in
approximately 10 states, including the State of California, by means of
qualifying with each state through individual licensing or registration
processes.    American National is approved as a direct endorsement lender
by the U.S. Department of Housing and Urban Development / Federal Housing
Authority ("FHA").

     Loan Standards.  Mortgage loans made by American National are loans
with fixed or adjustable rates of interest, secured by first mortgages,
deeds of trust or security deeds on residential properties with original
principal balances that, generally, do not exceed 95% of the value of the
mortgaged properties, unless such loans are FHA-insured.  Generally, each
mortgage loan having a loan-to-value ratio, as of the date of the loan, in
excess of 80%, or which is secured by a second or vacation home, will be
covered by a Mortgage Insurance Policy or FHA Insurance Policy insuring
against default of all or a specified portion of the principal amount
thereof.





                               -4-




     The mortgage loans are "one to four-family" mortgage loans, which
means permanent loans (as opposed to construction or land development
loans) secured by mortgages on non-farm properties, including attached or
detached single-family or second/vacation homes, one to four-family primary
residences and condominiums or other attached dwelling units, including
individual condominiums, row houses, townhouses and other separate dwelling
units even when located in buildings containing five or more such units.
Each mortgage loan must be secured by an owner occupied primary residence
or second/vacation home, or by a non-owner occupied residence.  The
mortgaged property may not be a mobile home.

     In general, no mortgage loan is expected to have an original principal
balance less than $30,000.  While most loans will have an original
principal balance of less than $700,000, loans of up to $2,000,000 may be
funded by brokering such loans to unaffiliated third-party mortgage
lenders.  Fixed-rate mortgage loans must be repayable in equal monthly
installments which reduce the principal balance of the loans to zero at the
end of the term.

     Credit, Appraisal and Underwriting Standards.  Each mortgage loan must
(i) be an FHA-insured loan meeting the credit and underwriting requirements
of such agency, or (ii) meet the credit, appraisal and underwriting
standards established by American National.  For certain mortgage loans
that may be subject to a mortgage pool insurance policy, American National
may delegate to the issuer of the mortgage pool insurance policy the
responsibility of underwriting such mortgage loans, in accordance with
American National's credit appraisal and underwriting standards.  In
addition, the American National may delegate to one or more lenders the
responsibility of underwriting mortgage loans offered to American National
by such lenders, in accordance with American National's credit, appraisal
and underwriting loans.

     American National's underwriting standards are intended to evaluate
the prospective mortgagor's credit standing and repayment ability, and the
value and adequacy of the proposed mortgaged property as collateral.  In
the loan application process, prospective mortgagors will be required to
provide information regarding such factors as their assets, liabilities,
income, credit history, employment history and other related items.  Each
prospective mortgagor will also provide an authorization to apply for a
credit report, which summarizes the mortgagor's credit history.  With
respect to establishing the prospective mortgagor's ability to make timely
payments, American National will require evidence regarding the mortgagor's
employment and income, and of the amount of deposits made to financial
institutions where the mortgagor maintains demand or savings accounts.

     American National's underwriting standards generally follow guidelines
acceptable to Federal National Mortgage Association ("FNMA" or "Fannie
Mae") and Federal Home Loan Mortgage Corporation ("FHLMC" or "Freddie
Mac").  American National's underwriting policies may be varied in
appropriate cases.  In determining the adequacy of the property as
collateral, an independent appraisal is made of each property considered
for financing.  The appraiser is required to inspect the property and
verify that it is in good condition and that construction, if new, has been
completed.  The appraisal is based on the appraiser's judgment of values,
giving appropriate weight to both the market value of comparable homes and
the cost of replacing the property.

     Certain states where the mortgaged properties may be located are "anti-
deficiency" states, where, in general, lenders providing credit on one to
four-family properties must look solely to the property for repayment in
the event of foreclosure.  See "Certain Legal Aspects of the Mortgage Loans
-- Anti-Deficiency Legislation and Other Limitations on Lenders".  American
National's underwriting standards in all states (including anti-deficiency
states) require that the underwriting officers be satisfied that the value
of the property being financed, as indicated by the independent appraisal,
currently supports and is anticipated to support in the future the
outstanding loan balance, and provides sufficient value to mitigate the
effects of adverse shifts in real estate values.





                               -5-




     Title Insurance Policies.  American National will require that, at the
time of the origination of the mortgage loans and continuously thereafter,
a title insurance policy be in effect on each of the mortgaged properties
and that such title insurance policy contain no coverage exceptions, except
those permitted pursuant to the guidelines established by Fannie Mae or
Freddie Mac.

     Certain Legal Aspects of Mortgage Loans.

     General.  The mortgages originated by American National are either
mortgages or deeds of trust, depending upon the prevailing practice in the
state in which the property subject to a mortgage loan is located.  A
mortgage creates a lien upon the real property encumbered by the mortgage.
It does not, generally, have priority over liens for real estate taxes and
assessments.  Priority between mortgages depends on their terms and
generally on the order of filing with a state or county office.  There are
two parties to a mortgage, the mortgagor, who is the borrower and homeowner
(the "Mortgagor"), and the mortgagee, who is the lender.  Under the
mortgage instrument, the Mortgagor delivers to the mortgagee a note or bond
and the mortgage.  Although a deed of trust is similar to a mortgage, a
deed of trust formally has three parties, the borrower-homeowner called the
trustor (similar to a Mortgagor), a lender (similar to a mortgagee) called
the beneficiary, and a third-party grantee called the Trustee.  Under a
deed of trust, the borrower grants the property, irrevocably until the debt
is paid, in trust, generally with a power of sale, to the Trustee to secure
payment of the obligation.  The Trustee's authority under a deed of trust
and the mortgagee's authority under a mortgage are governed by law, the
express provisions of the deed of trust or mortgage, and, in some cases,
the directions of the beneficiary.

     Foreclosure.  Foreclosure of a deed of trust is generally accomplished
by a non-judicial Trustee's sale under a specific provision in the deed of
trust which authorizes the Trustee to sell the property to a third party
upon any default by the borrower under the terms of the note or deed of
trust.  In some states, the Trustee must record a notice of default and
send a copy to the borrower-trustor and to any person who has recorded a
request for a copy of a notice of default and notice of sale.  In addition,
the Trustee must provide notice in some states to any other individual
having an interest in the real property, including any "junior
lienholders".  The borrower, or any other person having a junior
encumbrance on the real estate, may, during a reinstatement period, cure
the default by paying the entire amount in arrears, plus the costs and
expenses incurred in enforcing the obligation.  Generally, state laws
require that a copy of the notice of sale be posted on the property and
sent to all parties having an interest in the real property.

     Foreclosure of a mortgage is generally accomplished by judicial
action.  The action is initiated by the service of legal pleadings upon all
parties having an interest in the real property.  Delays in completion of
the foreclosure may occasionally result from difficulties in locating
necessary parties.  Judicial foreclosure proceedings are often not
contested by any of the parties.  However, even when the mortgagee's right
to foreclose is contested, the court generally issues a judgment of
foreclosure and appoints a referee or other court officer to conduct the
sale of the property.






                               -6-



     In the case of foreclosure under either a mortgage or a deed of trust,
the sale by the referee or other designated officer or by the Trustee is a
public sale.  However, because of the difficulty a potential buyer at the
sale would have in determining the exact status of title and because the
physical condition of the property may have deteriorated during the
foreclosure proceedings, it is uncommon for a third party to purchase the
property at the foreclosure sale.  Rather, it is common for the lender to
purchase the property from the Trustee or referee for an amount equal to
the principal amount of the mortgage or deed of trust, accrued and unpaid
interest and the expense of foreclosure.  Thereafter, the lender will
assume the burdens of ownership, including obtaining casualty insurance and
making such repairs at its own expense as are necessary to render the
property suitable for sale.  The lender will commonly obtain the services
of a real estate broker and pay the broker's commission in connection with
the sale of the property.  Depending upon market conditions, the ultimate
proceeds of the property may not equal the lender's investment in the
property.  Any loss may be reduced by the receipt of any mortgage insurance
proceeds.

     Rights of Redemption.  In some states, after sale pursuant to a deed
of trust or foreclosure of a mortgage, the borrower and foreclosed junior
lienors are given a statutory period in which to "redeem" the property from
the foreclosure sale.  In some states, redemption may occur only upon a
payment of the entire principal balance of the loan, accrued interest and
expenses of foreclosure.  In other states, redemption may be authorized if
the former borrower pays only a portion of the sums due.  The effect of a
statutory right of redemption is to diminish the ability of the lender to
sell the foreclosed property.  The rights of redemption would defeat the
title of any purchaser from the lender subsequent to foreclosure or sale
under a deed of trust.  Consequently, the practical effort of the
redemption right is to force the lender to retain the property and pay the
expenses of ownership until the redemption period has expired.

     Anti-Deficiency Legislation and Other Limitations on Lenders.  Certain
states have imposed statutory prohibitions which limit the remedies of a
beneficiary under a deed of trust or a mortgage.  In some states, statutes
limit the right of the beneficiary or mortgagee to obtain a deficiency
judgment against the borrower following foreclosure or sale under a deed of
trust.  A deficiency judgment would be a personal judgment against the
former borrower equal in most cases to the difference between the net
amount realized upon the public sale of the real property and the amount
due to the lender.  Other statutes require the beneficiary or mortgagee to
exhaust the security afforded under a deed of trust or mortgage by
foreclosure in an attempt to satisfy the full debt before bringing a
personal action against the borrower.  Finally, other statutory provisions
limit any deficiency judgment against the former borrower following a
judicial sale to the excess of the outstanding debt over the fair market
value of the property at the time of the public sale.  The purpose of these
statutes is generally to prevent a beneficiary or a mortgagee from
obtaining a large deficiency judgment against the former borrower as a
result of low or no bids at the judicial sale.

     In addition to laws limiting or prohibiting deficiency judgments,
numerous other statutory provisions, including the federal bankruptcy laws
and state laws affording relief to debtors, may interfere with or affect
the ability of a secured mortgage lender to realize upon collateral and/or
enforce a deficiency judgment.  For example, with respect to federal
bankruptcy law, a court with federal bankruptcy jurisdiction may permit a
debtor through his or her Chapter 11 or Chapter 13 rehabilitative plan to
cure a monetary default in respect of a mortgage loan on a debtor's
residence by paying arrears within a reasonable time period and reinstating
the original Mortgage Loan payment schedule even though the lender
accelerated the mortgage loan and final judgment of foreclosure had been
entered in state court (provided no sale of the residence had yet occurred)
prior to the filing of a debtor's petition.  Some courts with federal
bankruptcy jurisdiction have approved plans based on the particular facts
of the reorganization case that effected the curing of a mortgage loan
default by paying arrearages over a number of years.

     Courts with federal bankruptcy jurisdiction have also indicated that
the terms of a mortgage loan secured by property of the debtor may be
modified.  These courts have suggested that such modification may include
reducing the amount of each monthly payment, changing the rate of interest,
altering the repayment schedule, and reducing the lender's security
interest to the value of the residence, thus leaving the lender a general
unsecured creditor for the difference between the value of the residence
and the outstanding balance of the loan.






                               -7-





     The Internal Revenue Code of 1986, as amended, provides priority to
certain tax liens over the lien of a mortgage.  In addition, substantive
requirements are imposed upon mortgage lenders in connection with the
origination and the servicing of mortgage loans by numerous Federal and
some state consumer protection laws.  These laws include the federal Truth-
In-Lending Act, Real Estate Settlement Procedures Act, Equal Credit
Opportunity Act, Fair Credit Billing Act, Fair Credit Reporting Act, and
related statutes.  These federal laws impose specific statutory liabilities
upon lenders who originate mortgage loans and who fail to comply with the
provisions of the law.  In some cases, this liability may affect assignees
of the mortgage loans.

     Enforceability of Certain Provisions.  Certain of the mortgage loans
contain due-on-sale clauses.  These clauses permit the lender to accelerate
the maturity of the loan if the borrower sells, transfer or conveys the
property.  The enforceability of these clauses has been the subject of
legislation and litigation in many states, and in some cases the clauses
have been upheld, while in other cases their enforceability has been
limited or denied.

     Upon foreclosure, courts have imposed general equitable principles.
These equitable principles are generally designed to relieve the borrower
from the legal effect of a default under the loan documents.  Examples of
judicial remedies that have been fashioned include judicial requirements
that the lender undertake affirmative and expensive actions to determine
the causes for the borrower's default and the likelihood that the borrower
will be able to reinstate the loan.  In some cases, courts have substituted
their judgment for the lender's judgment and have required that lenders
reinstate loans or recast payment schedules in order to accommodate
borrowers who are suffering from temporary financial disability.  In other
cases, courts have limited the right of the lender to foreclose if the
default under the mortgage instrument is not monetary, such as the borrower
failing to maintain the property adequately or the borrower executing a
second mortgage or deed of trust affecting the property.  Finally, some
courts have been faced with the issue of whether federal or state
constitutional provisions reflecting due process concerns for adequate
notice require that borrowers under deeds of trust or mortgages receive
notices in addition to the statutorily-prescribed minimum.  For the most
part, these cases have upheld the notice provision as being reasonable or
have found that the sale by a trustee under a deed of trust, or under a
mortgage having a power of sale, does not involve sufficient state action
to afford constitutional protections to the borrowers.

     Applicability of Usury Laws.  Title V of the Depository Institutions
Deregulation and Monetary Control Act of 1980 ("Title V"), provides that
state usury limitations do not apply to certain types of residential first
mortgage loans originated by certain lenders after March 31, 1980.  The
Federal Home Loan Bank Board is authorized to issue rules and regulations
and to publish interpretations governing implementation of Title V, the
statute authorizes any state to reimpose interest rate limits by adopting a
law or constitutional provision which expressly rejects application of the
federal law.  In addition, even where Title V is not so rejected, any state
is authorized by the law to adopt a provision limiting discount points or
other charges on mortgage loans covered by Title V.  As of the date hereof,
certain states have taken action to reimpose interest rate limits and/or to
limit discount points or other charges.








                               -8-





Competition

     Mortgage lending is a highly competitive business.  There are many
other mortgage lenders who have more experience, more personal, more
financial liquidity and, in general, more capacity to attract business
through mass-media advertising to consumers than that offered by  American
National.  Historically, during periods of economic downturns, many
mortgage lenders have been unable to continue operations or have been
forced to greatly downsize their operations.  There is no assurance that
American National will be able to overcome such obstacles to attain its
growth goals.

Government Regulation

     Most states regulate mortgage lending, requiring mortgage bankers
and/or brokers to be licensed by the relevant state regulatory board or
commission.  Saddleback is licensed to conduct mortgage lending operations
in 10 states.  In addition, Saddleback is approved by the FHA as a direct
endorsement lender.

Employees

     As of October 31, 2003, Saddleback had 2 employees both of  whom are
in administration.  None of its employees is represented by a labor union.
The Company does not have any employees, other than those referenced above
as employed by its wholly-owned subsidiary, Saddleback.

     Business Risk Factors.

     The business risk factors below, along with those discussed in the
"Description of Business" section of this Annual Report on Form 10-KSB,
reflect some, but not necessarily all, of the risks and uncertainties that
could have a material adverse affect on our ability to operate its
businesses successfully.  Our actual results could differ materially from
our business plan due to some or all of the factors discussed below.

Going Concern Opinion

     The Company's financial statements for the years ended December 31,
2002 and October 31, 2003 both contain an emphasis paragraph regarding
"going concern" from the Company's independent accountants. The Company's
independent accountants note that the Company's, recurring losses from
operations, and shareholders' deficiency raise substantial doubt about its
ability to continue as a going concern. The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty. In response to such concerns, management has developed
operational and strategic plans to improve the Company's long-term
financial condition, and financial sourcing strategies with the goal of
providing working capital to the business. To maintain operating cash
levels, the Company expects to periodically obtain equity funding,
attempting to balance cash needs and the stockholder dilution that is
created by the issuance of new shares. Management's operational plans and
initiatives include marketing plans for the growth of our mortgage lending
operations. While the Company's strategic, operational, and financing plans
are designed to improve the Company's financial condition and meet its
working capital needs, there can be no assurance that the Company will be
able to achieve its desired results or that other factors may not cause the
Company's financial condition to be further weakened.








                               -9-




Our future revenues are unpredictable and our operating results are likely
to fluctuate from quarter to quarter

   Our quarterly and annual operating results have fluctuated in the past
and are likely to fluctuate significantly in the future due to a variety of
factors, some of which are outside of our control. Accordingly, we believe
that period-to-period comparisons of our results of operations are not
meaningful and should not be relied upon as indications of future
performance. Some of the factors that could cause our quarterly or annual
operating results to fluctuate include market acceptance of our accounts
receivable financing, equipment leasing and mortgage services, the ability
to generate business development opportunities, and the ability to generate
capital to fund our operations to the degree necessary to provide stability
for our business operations and, thus, revenues.

Because of intense competition for skilled personnel, we may not be able to
recruit or retain necessary personnel on a cost-effective basis

   Our future success will depend in large part upon our ability to
identify, hire, retain and motivate highly skilled employees. We plan to
significantly increase the number of our marketing, sales, customer support
and operations employees to effectively serve the evolving needs of our
present and future customers. Competition for highly skilled employees in
our industry is intense. In addition, employees may leave our company and
subsequently compete against us. Our failure to attract and retain these
qualified employees could significantly harm our business. The loss of the
services of any of our qualified employees, the inability to attract or
retain qualified personnel in the future or delays in hiring required
personnel could hinder the development and introduction of new and enhanced
products and harm our ability to sell our products. Moreover, companies in
our industry whose employees accept positions with competitors frequently
claim that their competitors have engaged in unfair hiring practices. We
may be subject to such claims in the future as we seek to hire qualified
personnel, some of whom may currently be working for our competitors. Some
of these claims may result in material litigation. We could incur
substantial costs in defending ourselves against these claims, regardless
of their merits.

The loss of any of our key personnel could significantly harm our business

   Our success depends to a significant degree upon the continuing
contributions of our key management, technical, marketing and sales
employees. The loss of the services of any key employee could significantly
harm our business, financial condition and results of operations. There can
be no assurance that we will be successful in retaining our key employees
or that we can attract or retain additional skilled personnel as required.
Failure to retain key personnel could significantly harm our business,
financial condition and results of operations.

Claims that we infringe third-party intellectual property rights could
result in significant expenses or restrictions on our ability to sell our
products

   From time to time, other parties may assert patent, copyright, trademark
and other intellectual property rights to technologies and in various
jurisdictions that are important to our business. Any claims asserting that
our products infringe or may infringe proprietary rights of third parties,
if determined adversely to us, could significantly harm our business. Any
claims, with or without merit, could be time-consuming, result in costly
litigation, divert the efforts of our technical and management personnel,
cause product shipment delays or require us to enter into royalty or
licensing agreements, any of which could significantly harm our business.
Royalty or licensing agreements, if required, may not be available on terms
acceptable to us, if at all. In the event a claim against us was successful
and we could not obtain a license to the relevant technology on acceptable
terms or license a substitute technology or redesign our products to avoid
infringement, our business would be harmed.






                               -10-




Any acquisitions that we may undertake could be difficult to integrate,
disrupt our business, dilute shareholder value and significantly harm our
operating results

   We expect to review opportunities to buy other businesses or
technologies that would complement our current products, expand the breadth
of our markets or enhance our technical capabilities, or that may otherwise
offer growth opportunities. While we have no current agreements or
negotiations underway, we may buy businesses, products or technologies in
the future. If we make any future acquisitions, we could issue stock that
would dilute existing stockholders' percentage ownership, incur substantial
debt or assume contingent liabilities. We have no experience in acquiring
other businesses and technologies. Potential acquisitions also involve
numerous risks, including:

    *    problems assimilating the purchased operations, technologies or
         products;

    *    unanticipated costs associated with the acquisition;

    *    diversion of management's attention from our core business;

    *    adverse effects on existing business relationships with suppliers
         and customers;

    *    risks associated with entering markets in which we have no or
         limited prior experience; and

    *    potential loss of the purchased organization's or our own key
         employees.

   We cannot assure you that we would be successful in overcoming problems
encountered in connection with such acquisitions, and our inability to do
so could significantly harm our business.

The market price of our common stock may experience fluctuation unrelated
to operating performance, including future private or public offerings of
our capital stock

   The market price of the Common Stock of the Company may experience
fluctuations that are unrelated to the Company's operating performance. In
particular, the price of the Common Stock may be affected by general market
price movements as well as developments specifically related to the
mortgage industry such as, among other things, interest rate movements. In
addition, the Company's operating income on a quarterly basis is
significantly dependent upon the successful completion of the Company's
loan sales in the market, and the Company's inability to complete these
transactions in a particular quarter may have a material adverse impact on
the Company's results of operations for that quarter and could, therefore,
negatively impact the price of the Common Stock.

   The Company may increase its capital by making additional private or
public offerings of its Common Stock, securities convertible into its
Common Stock, preferred stock or debt securities. The actual or perceived
effect of such offerings, the timing of which cannot be predicted, may be
the dilution of the book value or earnings per share of the Common Stock
outstanding, which may result in the reduction of the market price of the
Common Stock and affect the Company's ability to access the capital
markets.

Need for additional funding

     Historically, the Company has relied on debt and equity investment
infusions of cash to continue operations. If the Company is unable to
generate and maintain positive operating cash flows and operating income in
the future, or to continue to obtain equity or debt financing from its
current sources or those who have committed to provide such financing (as
to all of which there can be no assurance), it would require funding from
other sources. If financing is required, the Company's inability to raise
capital would materially and adversely harm the Company's business and
financial condition. To the extent that additional capital is raised
through the sale of equity or convertible debt securities, the issuance of
these securities could result in dilution to the Company's stockholders.






                               -11-




The financial services business is affected by interest rates and other
factors beyond our control

   The results of the Company's operations will be affected by various
factors, many of which are beyond the control of the Company. The results
of the Company's operations will depend, among other things, on the level
of net cash flows generated by the Company's accounts receivable and
mortgage assets and the supply of and demand for accounts receivable
financing, equipment financing and mortgage loans. The Company's net cash
flows will vary as a result of changes in interest rates, the behavior of
which involves various risks and uncertainties as set forth below.
Prepayment rates and interest rates depend upon the nature and terms of the
underlying loans, conditions in financial markets, the fiscal and monetary
policies of the United States government and the Board of Governors of the
Federal Reserve System, international economic and financial conditions,
competition and other factors, none of which can be predicted with any
certainty. Because interest rates will significantly affect the Company's
activities, the operating results of the Company will depend, in large
part, upon the ability of the Company to utilize appropriate strategies to
maximize returns to the Company while attempting to minimize risks.

Our financing activities are subject to the risk of default by borrowers
and certain inherent risks

   Financing activities, including mortgage loan financing are all subject
to varying degrees of risk, including the risk of a default by the
borrowers, and the added responsibility on the part of the Company of
foreclosing or otherwise protecting its investment. The ability of the
borrowers to make payments is highly dependent on the borrowers' ability to
manage and sell, refinance or otherwise dispose of the financed properties
and will be dependent upon all the risks generally associated with real
estate and other investments which are beyond the control of the Company.
With respect to mortgages, the Company must rely on the experience and
ability of the borrowers to manage, develop and dispose of or refinance the
properties. Investing in real estate is highly competitive and is subject
to numerous inherent risks, including, without limitation, changes in
general or local economic conditions, neighborhood values and interest
rates, limited availability of mortgage funds which may render the sale or
refinancing of the properties difficult, increases in real estate taxes,
other operating expenses, the supply and demand for properties of the type
involved, toxic and hazardous wastes, environmental considerations, zoning
laws, entitlements, rent control laws, other governmental rules and fiscal
policies and acts of God, such as floods, which may result in uninsured
losses.

We may not diversify our portfolio of financed assets

   The mortgage loans made by the Company may be obligations of a limited
number of borrowers. The lack of diversity in the type, number and
geographic location of these financing activities made by the Company would
materially increase the risk of an investment in the Common Stock.





                               -12-




To the extent that we are unable to maintain an adequate warehouse line of
credit, we may have to curtail loan origination and purchasing activities

   The Company relies significantly upon its access to warehouse credit
facilities in order to fund new originations and purchases. The Company
expects to be able to maintain its existing warehouse lines of credit (or
to obtain replacement or additional financing) as the current arrangements
expire or become fully utilized; however, there can be no assurance that
such financing will be obtainable on favorable terms, if at all. To the
extent that the Company is unable to maintain an adequate warehouse line of
credit, the Company may have to curtail loan origination and purchasing
activities, which could have a material adverse effect on the Company's
operations and financial condition.

The amount of interest charged to a borrower is subject to compliance with
state usury laws

   The amount of interest payable by a borrower to the Company may exceed
the rate of interest permitted under the usury laws of various states.
Although the Company does not intend to make or invest in mortgage loans
with usurious interest rates, there are uncertainties in determining the
legality of interest rates. Such limitations, if applicable, may decrease
the yield on the Company's investments.

Variations in mortgage prepayments may cause changes in our net cash flows

   Mortgage prepayment rates vary from time to time and may cause changes
in the amount of the Company's net cash flows. To the extent that
prepayments occur, the yield on the Company's mortgage loans would be
affected as well as the Company's net cash flows. Prepayments of adjustable-
rate mortgage loans included in or underlying mortgage-backed securities
generally increase when then-current mortgage interest rates fall below the
interest rates on such adjustable-rate mortgage loans. Conversely,
prepayments of such mortgage loans generally decrease when then-current
mortgage interest rates exceed the interest rate on the mortgage loans
included in or underlying such mortgage-backed securities. Prepayment
experience also may be affected by the geographic location of the
properties securing the mortgage loans included in or underlying mortgage-
backed securities, the assumability of such mortgage loans, the ability of
the borrower to convert to a fixed-rate loan, conditions in the housing and
financial markets and general economic conditions.

Our portfolio of mortgage loans may include privately issued pass-through
certificates which are typically not guaranteed by the United States
Government

   The Company may include privately issued pass-through certificates
backed by pools of adjustable-rate single family and multi-family mortgage
loans and other real estate-backed mortgage loans in its investment
portfolio. Because principal and interest payments on privately issued pass-
through certificates are typically not guaranteed by the United States
government or an agency of the United States government, such securities
generally are structured with one or more types of credit enhancement. Such
forms of credit enhancement are structured to provide protection against
risk of loss due to default on the underlying mortgage loan, or bankruptcy,
fraud and special hazard losses, such as earthquakes. Typically, third
parties insure against these types of losses, and the Company would be
dependent upon the credit worthiness of the insurer for credit-rating,
claims paying ability of the insurer and timeliness of reimbursement in the
event of a default on the underlying obligations. Furthermore, the
insurance coverage for various types of losses is limited in amount, and
losses in excess of the limitation would be the responsibility of the
Company.

   The Company may also purchase mortgage loans issued by GNMA, FNMA or
FHLMC. Each of these entities provides guarantees against risk of loss for
securities issued by it. In the case of GNMA, the timely payment of
principal and interest on its certificates is guaranteed by the full faith
and credit of the United States government. FNMA guarantees the scheduled
payments of interest and principal and the full principal amount of any
mortgage loan foreclosed or liquidated on its obligations. FHLMC guarantees
the timely payment of interest and ultimate collection of principal on its
obligations, while with respect to certificates issued by FNMA and FHLMC,
payment of principal and interest of such certificates are guaranteed only
by the respective entity and not by the full faith and credit of the United
States government.





                               -13-





We are is dependent upon independent mortgage brokers and others, none of
whom is contractually obligated to do business with the company

   The Company depends in part on independent mortgage brokers, financial
institutions, realtors(R) and mortgage bankers for its originations and
purchases of mortgage loans. The Company's competitors also seek to
establish relationships with such independent mortgage brokers, financial
institutions, realtors(R) and mortgage bankers, none of whom is
contractually obligated to continue to do business with the Company. In
addition, the Company expects the volume of wholesale loans that it
originates and purchases to increase. The Company's future results may
become more exposed to fluctuations in the volume and cost of its wholesale
loans resulting from competition from other originators and purchasers of
such loans, market conditions and other factors.

We will have little control over the operations of the pass-through
entities in which we may purchase interests

   If the Company purchases interests in various pass-through entities, it
will itself be in the position of a "holder" of shares of such entities
including, real estate investment trusts, other trusts or partnerships, or
a holder of other types of pass-through interests. Therefore, the Company
will be relying exclusively on the management capabilities of the general
partners, managers and trustees of those entities for the management and
investment decisions made on their behalf. In particular, except for voting
rights on certain matters, the Company will have no control over the
operations of the pass-through entities in which it purchases interests,
including all matters relating to the operation, management, investment
decisions, income and expenses of such entities, including decisions with
respect to actions to be taken to collect amounts owed to such entities. If
such managers, trustees or general partners take actions or make decisions
which are adverse to a pass-through entity or the Company, it may not be
cost-efficient for the Company to challenge such actions or decisions.
Moreover, if the Company does not become a substituted owner of such
interests, it would not have the right to vote on matters on which other
interest owners in such entities have a right to vote or otherwise
challenge management decisions. Finally, should any of such managers,
trustees or general partners experience financial difficulties for any
reason, the entities in which the Company invests could be adversely
affected, thereby adversely affecting the value of the Company's
investments.

Borrowers may not have sufficient assets to pay off the balloon payments at
maturity

   Mortgage loans, other than those representing mortgage loans on single-
family residential, may represent "balloon" obligations, requiring no
payments of principal over the term of the indebtedness with a "balloon"
payment of all of the principal due at maturity. "Balloon" payments will
probably require a sale or refinancing of properties at the time they are
due. No assurance can be given that the borrowers will have sufficient
assets to pay off the indebtedness when due, or that sufficient liquidity
will be generated from the disposition or refinancing of the properties to
enable the owner to pay the principal or interest due on such mortgage
loans.

Upon foreclosure of a property, we may have difficulty in finding a
purchaser or may have to sell the property at a loss

   If a mortgaged property not sold by the maturity date of the underlying
loan, the borrower may have difficulty in paying the outstanding balance of
such loan and may have to refinance the property. The borrower may also
experience difficulty in refinancing the property if that becomes necessary
due to unfavorable interest rates or the unavailability of credit.




                               -14-





   If any amounts under a loan are not paid when due, the Company may
foreclose upon the property of the borrower. In the event of such a default
which requires the Company to foreclose upon a property or otherwise pursue
its remedies in order to protect the Company's investment, the Company will
seek to obtain a purchaser for the property upon such terms as the Company
deems reasonable. However, there can be no assurance that the amount
realized upon any such sale of the underlying property will result in
financial profit or prevent loss to the Company. In addition, because of
potential adverse changes in the real estate market, locally or nationally,
the Company may be forced to own and maintain the property for a period of
time to protect the value of its investment. In that event, the Company may
not be able to receive any cash flow from such loan and the Company would
be required to pay such sums as may be necessary to maintain and manage the
property.

We may be required to investigate and clean up hazardous or toxic
substances of properties securing loans that are in default

   The Company has not been required to perform any investigation or clean
up activities, nor has it been subject to any environmental claims. There
can be no assurance, however, that this will remain the case in the future.

   In the course of its business, the Company has acquired and may acquire
in the future properties securing loans that are in default. Although the
Company primarily lends to owners of residential properties, there is a
risk that the Company could be required to investigate and clean up
hazardous or toxic substances or chemical releases at such properties after
acquisition by the Company, and may be held liable to a governmental entity
or to third parties for property damage, personal injury and investigation
and cleanup costs incurred by such parties in connection with the
contamination. In addition, the owner or former owners of a contaminated
site may be subject to common law claims by third pies based on damages and
costs resulting from environmental contamination emanating from such
property.

Item 2.  Description of Property

     The Company currently occupies 1650 square feet of office space in
Newport Beach, California under a sublease.  The sublease for the premises
was initiated on March 11, 2003 until continues until February 29, 2004.
We pay a monthly rent of $3,129.30.  The Company expects that it will reach
a satisfactory extension of the term for utilization of this space until
the future growth of its business operations necessitates an increase in
office space.  There is an ample supply of office space in the greater
Newport Beach / Orange County area and the Registrant does not anticipate
any problem in securing additional space when necessary.

Item 3.  Legal Proceedings.

We were not subject in the year ended October 31, 2003, nor are we
currently subject, to any legal proceedings.  However, on March 1, 2001,
our wholly-owned subsidiary, Saddleback, was named as a defendant in the
litigation styled, The Provident Bank vs. Saddleback Investments, dba
American National Mortgage Funding, a corporation; Jack D. Scott, Trustee
of the JDSDC Profit Sharing Plan; Arden Realty Limited Partnership, a
Maryland Limited Partnership; ORIX USA Corporation, a Delaware corporation,
and Does 1 through 50, Orange County Superior Court Case No. 01CC02898 and
was also a named cross-complainant in such litigation.  The plaintiffs and
cross-defendants sought money damages from on a variety of causes of
action.  As of mid-April of 2003, after the conclusion of the trial,
plaintiffs were awarded a judgment against Saddleback in the amount of
approximately $487,300.  As of the date of this Annual Report, other
parties involved in the litigation are appealing certain other aspects of
the case.  As such, no settlement discussions or collection attempts are
currently being conducted.








                               -15-



Item 4.  Submission of Matters to a Vote of Security Holder.

No matters were submitted during the fourth quarter of the Company's fiscal
year ended October 31, 2003.

                              PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.

     Market for Common Equity. The Common Stock of the Company is currently
quoted in the over-the-counter market on the OTCBB under the symbol "EPFL".

     When the trading price of the Company's Common Stock is below $5.00
per share, the Common Stock is considered to be "penny stock" that are
subject to rules promulgated by the Securities and Exchange Commission
(Rule 15g-1 through 15g-9) under the Securities Exchange Act of 1934.
These rules impose significant requirements on brokers under these
circumstances, including: (a) delivering to customers the Commission's
standardized risk disclosure document; (b) providing to customers current
bid and offers; (c) disclosing to customers the brokers-dealer and sales
representatives compensation; and (d) providing to customers monthly
account statements.

     The  following table sets forth the range of high and low closing  bid
prices  per  share  of  the  Common  Stock  as  reported  by  the  National
Association of Securities Dealers, Inc., composite feed or other  qualified
interdealer  quotation  medium, as compiled by  Pink  Sheets  LLC  for  the
periods indicated.

                                      Bid (1; 2)
                                    High       Low
                                 --------------------
   Year ended October 31, 2003:
   First Quarter                   $0.40      $0.20
   Second Quarter                   1.00       0.01
   Third Quarter                    1.00       0.02
   Fourth Quarter                   0.95       0.31

(1)  The Company is unaware of the factors which resulted in the
     significant fluctuations in the bid prices per share during the
     periods being presented, although it is aware that there is a thin
     market for the Common Stock, that there are frequently few shares
     being traded and that any sales significantly impact the market.

(2)  On   March  6,  2003,  the  Company  effectuated  a  1-for-20  reverse
     split  of  its common stock.  The high/low closing bid prices  in  the
     table above have been adjusted to reflect such split.


     On February 12, 2004, the Closing bid and ask price of the Common
Stock of the Company were $0.16 and $0.18 per share, respectively.  The
foregoing prices represent inter-dealer quotations without retail mark-up,
mark-down or commission, and may not necessarily represent actual
transactions.  On February 12, 2004, there were approximately 12 broker-
dealers publishing quotes for the Common Stock of the Company.




                               -16-




     Holders.  As of February 12, 2004, there were 18,134,827 shares of
Common Stock issued and outstanding, which were held by approximately 61
holders of record.  As of February 12, 2004, there were 1,000,000 shares
of Series A Convertible Preferred Stock outstanding, which were held of
record by our subsidiary, Saddleback, and classified as treasury stock, and
220,000 shares of Series B Convertible Preferred Stock outstanding, which
were held by 3 holders of record. No shares of any other series of
Preferred Stock were outstanding as of February 12, 2004.

     Dividends.  The Company has not paid any dividends on its Common Stock
and does not expect to do so in the foreseeable future.  The Company
intends to apply its earnings, if any, in expanding its operations and
related activities.  The payment of cash dividends in the future will be at
the discretion of the Board of Directors and will depend upon such factors
as earnings levels, capital requirements, the Company's financial condition
and other factors deemed relevant by the Board of Directors.  Further,
payment of cash dividends on our common stock is also subject to the
approval of the holders of our Series A Preferred Stock.  In addition, the
Company's ability to pay dividends may be limited under future loan
agreements of the Company which restrict or prohibit the payment of
dividends.



   Securities Authorized for Issuance under Equity Compensation Plans

--------------------------------------------------------------------------
                                                Number of securities
                                                 remaining available
                                                 for future issuance
                   Number of       Weighted-        under equity
                securities to be   average of    compensation plans
                  issued upon       exercise         (excluding
Plan Category     exercise of       price of    securities reflected
                  outstanding     outstanding      in column (a))
                    options,        options,
                  warrants and    warrants and
                     rights          rights
--------------------------------------------------------------------------
                      (a)             (b)                (c)
--------------------------------------------------------------------------
Equity                 0               0                  0
compensation
plans approved
by security
holders

Equity                 0               0                  0
compensation
plans not
approved by
security
holders
--------------------------------------------------------------------------
Total                  0               0                  0
--------------------------------------------------------------------------


     Recent Sales of Unregistered Securities.

     During the fourth quarter of our fiscal year ended October 31, 2003,
there were no sales of unregistered securities made by the Company.
However, on October 15, 2003, the Company entered into a Percentage
Interest Purchase and Acquisition Agreement with Seven Angels Ventures LLC
("SAV") whereby the Company is permitted to acquire up to a 10% interest in
SAV.  The agreement provides that the Company can acquire up to 500,000
shares of SAV in exchange for restricted common stock of the Company, on a
share-for-share basis.  Subsequent to October 31, 2003 but prior to the
date of this Annual Report the Company and SAV have exchanged 433,000
shares, with the Company's common stock issued to SAV having an aggregate
value of $175,750.




                               -17-




Item 6.   Management's Discussion and Analysis or Plan of Operation.

     Except for historical information, the materials contained in this
Management's Discussion and Analysis are forward-looking (within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934) and involve a number of risks and
uncertainties.  These include the Company's historical losses, the need to
manage its growth, general economic downturns, intense competition in the
financial services industries, seasonality of quarterly results, and other
risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.  Although forward-looking statements in
this Annual Report reflect the good faith judgment of management, such
statements can only be based on facts and factors currently known by the
Company.  Consequently, forward-looking statements are inherently subject
to risks and uncertainties, actual results and outcomes may differ
materially from the results and outcomes discussed in the forward-looking
statements.  Readers are urged to carefully review and consider the various
disclosures made by the Company in this Annual Report, as an attempt to
advise interested parties of the risks and factors that may affect the
Company's business, financial condition, and results of operations and
prospects.

Recent Changes in Business Strategy, Change in Control and Change in
Corporate Structure

     On February 14, 2000, we were incorporated in the State of Nevada
under the name "BigEquip.net, Inc." and February 8, 2002 our name was
changed to "Big Equipment Services, Inc."  We sometimes refer to our
company in this Annual Report as the "Company".

     Effective March 7, 2003, the Articles of Incorporation of the Company
were amended to change the name of the Company to Epic Financial
Corporation. At the same time, the Certificate of Amendment to Articles of
Incorporation effectuated a 1-for-20 reverse split of the Company's common
stock. The record date for the reverse split was the close of business on
March 6, 2003. For further information concerning the change of name and
reverse split, reference is made to the Company's Schedule 14C Definitive
Information Statement that was filed with the Securities and Exchange
Commission on February 14, 2003.

     Pursuant to a Purchase Agreement dated March 7, 2003, the Company, on
March 31, 2003, closed a transaction, whereby it acquired all of the issued
and outstanding shares of common stock, no par value, of Saddleback
Investment Services, Inc., a California corporation ("Saddleback") from
William R. Parker ("Mr. Parker") and six otherwise unaffiliated persons or
entities. In exchange for the shares of Saddleback, we issued 1,500,000
shares of our restricted common stock, $0.001 par value per share, to Mr.
Parker and an aggregate of 1,500,000 shares to such other persons or
entities.  As a result of this transaction, Mr. Parker became the
beneficial owner of 44.79% of the issued and outstanding common stock of
the Registrant, the sole class of voting stock of the Registrant.  As a
part of the transaction, on March 31, 2003, Mr. Parker was appointed to the
Board of Directors of the Company and elected President of the Company.
For further information concerning the acquisition of Saddleback by the
Company, reference is made to our Current Report on Form 8-K, which was
filed with the Securities and Exchange Commission on March 31, 2003.

     At the same time, we abandoned the intended focus of our business form
one of providing business and e-commerce solutions to small- and medium-
sized construction companies, which was never implemented, and adopted a
new business strategy - a financial services firm, specifically  real
estate mortgage financing.

     As a result of the acquisition by the Company of Saddleback, on March
31, 2003, Saddleback became a wholly-owned subsidiary of the Company.  The
transaction was treated as a reverse acquisition for accounting purposes.
The historical results reflected in the financial statement and discussed
herein, however, are those of the entity in existence as of the fiscal year
ended December 31, 2002, Big Equipment Services, Inc. (formerly
BigEquip.net, Inc.).




                               -18-




     As a result of the accounting treatment of the purchase of the
Saddleback Stock by the Company, Saddleback is deemed to be the "Accounting
Acquiror", thus resulting in the Company's adoption of the October 31
fiscal year-end of the Accounting Acquiror.

     On November 3, 2003, the Company issued an aggregate of 8,000,000
shares of its common stock to Aurora Two, Ltd.  The transaction involved
unregistered securities issued pursuant to Regulation S.  In conjunction
therewith, Aurora Two, Ltd., granted to the Company's Board of Directors a
proxy to vote such shares.  As of the date of this Annual Report, the
Company has not received the consideration due for such shares and has
placed a hold on the certificates representing such shares until the
consideration is received or the shares being returned for cancellation.

Results of Operations

     Operations for the Year ended October 31, 2003, as compared to the
Year ended October 31, 2002.

Revenues

     Revenues increased by $68,092, or 108%, to $131,059 for the year ended
October 31, 2003, compared to $62,967 for the year ended October 31, 2002,
because the Company has reactivated its mortgage lending business.

Expenses

     Operating expenses for the year ended October 31, 2003, were
$1,060,510.  This represents an increase of $1,009,458, or 1,977%, in
operating expenses from the comparable year ended October 31, 2002, when we
reported operating expenses of $51,052.  The primary component of this
year's operating expenses was the $842,732 attributable to stock and
warrants issued to consultants.  No salaries were paid to or accrued for
management in either fiscal years.  Total expenses, including operating
expenses and other miscellaneous expenses for the year ended October 31,
2003, were $1,568,797.  This represents an increase of $1,517,745, or
2,973%, from the comparable annual period ended October 31, 2002, when we
reported total expenses of $51,052.  Of these total expenses, $487,287 is
attributable to accruals for litigation expense arising from the judgment
against our subsidiary, Saddleback Investment Services, Inc.  Our expenses
increased dramatically as our mortgage lending operations became active,
but the primary increase was seen in legal, accounting and other
professional fees and consulting fees, all of which are expenses normally
incurred by public companies.  Historical results from 2002 are reflective
of the non-public status of the Company's subsidiary, Saddleback Investment
Services, Inc.

Net Profit (Loss)

     During the year ended October 31, 2003, our loss was $1,437,738 or
($0.23) per share, as compared to our profit during the previous year of
$11,915 or $0.00 per share.








                               -19-



Liquidity and Capital Resources

     In the year ended October 31, 2003, net cash of $224,892 was used by
operating activities, as compared to the prior year, when operating
activities provided $7,893.  During the year ended October 31, 2003,
financing activities provided net cash of $229,567, as compared to $92,400
used in the prior year.  Net cash of $3,639 was used by investing
activities during the year ended October 31, 2003, as compared to no net
cash used by investing activities during the prior year.

     As of the end of our fiscal year on October 31, 2003, we had $11,586
of current cash available.  Our management believes that this is not
sufficient to meet our needs for our 2004 fiscal year.  Since our inception
on, the Company has incurred an accumulated deficit of $1,595,909.  The
Company requires immediate proceeds from debt or equity financing to
provide it with working capital adequate to proceed with its proposed
acquisitions and to go forward with its plan of operations.

     As a result of these factors, the Company's independent auditors
issued their audit report for the fiscal year ended October 31, 2003, with
a "going concern" opinion.  None of the factors addressed by the Company's
independent auditors have been mitigated and the "going concern" issues
remain.   We intend for the Company to seek private equity and/or debt
capital to provide operating capital for our mortgage operations by
Saddleback.  There can be no assurances that any such capital will be
available on terms acceptable to us, or at all.  However, management
believes that the focus of our business on the financial services sector
will enable us to acquire existing businesses in that sector and to utilize
these acquisitions in an effort to raise the capital necessary to resolve
these "going concern" issues.

Recent Accounting Pronouncements

On  April  30,  2003, the FASB issued FASB Statement No. 149 ("SFAS  149"),
"Amendment   of  Statement  133  on  Derivative  Instruments  and   Hedging
Activities". SFAS 149 amends and clarifies the accounting guidance  on  (1)
derivative  instruments (including certain derivative instruments  embedded
in  other contracts) and (2) hedging activities that fall within the  scope
of   FASB  Statement  No.  133  ("SFAS  133"),  Accounting  for  Derivative
Instruments  and  Hedging Activities. SFAS 149 also  amends  certain  other
existing pronouncements, which will result in more consistent reporting  of
contracts  that are derivatives in their entirety or that contain  embedded
derivatives that warrant separate accounting. SFAS 149 is effective (1) for
contracts  entered  into  or modified after June  30,  2003,  with  certain
exceptions,  and (2) for hedging relationships designated  after  June  30,
2003. The guidance is to be applied prospectively. The adoption of SFAS No.
149 does not have a material impact on the Company's financial position  or
results of operations or cash flows.

On  May  15  2003,  the FASB issued FASB Statement No.  150  ("SFAS  150"),
Accounting for Certain Financial Instruments with Characteristics  of  both
Liabilities  and  Equity.  SFAS  150 changes  the  accounting  for  certain
financial instruments that, under previous guidance, could be classified as
equity  or  "mezzanine" equity, by now requiring those  instruments  to  be
classified  as  liabilities  (or  assets  in  some  circumstances)  in  the
statement  of  financial  position. Further, SFAS 150  requires  disclosure
regarding the terms of those instruments and settlement alternatives.  SFAS
150  affects  an  entity's  classification of  the  following  freestanding
instruments: a) Mandatorily redeemable instruments b) Financial instruments
to  repurchase an entity's own equity instruments c) Financial  instruments
embodying  obligations that the issuer must or could choose  to  settle  by
issuing  a variable number of its shares or other equity instruments  based
solely  on (i) a fixed monetary amount known at inception or (ii) something
other than changes in its own equity instruments d) SFAS 150 does not apply
to  features embedded in a financial instrument that is not a derivative in
its  entirety.  The  guidance in SFAS 150 is generally  effective  for  all
financial instruments entered into or modified after May 31, 2003,  and  is
otherwise  effective at the beginning of the first interim period beginning
after   June  15,  2003.  For  private  companies,  mandatorily  redeemable
financial  instruments are subject to the provisions of SFAS  150  for  the
fiscal  period beginning after December 15, 2003. The adoption of SFAS  No.
149 does not have a material impact on the Company's financial position  or
results of operations or cash flows.







                               -20-





Item 7.  Financial Statements.




                     Index to Financial Statement.



                      EPIC FINANCIAL CORPORATION


                              CONTENTS

         	                                                Page

Report of Independent Public Accountants		  	F-1

Balance Sheet					 		F-2

Statements of Operations		 			F-3

Statements of Cash Flow						F-4

Statement of Shareholders' Equity				F-5

Notes to Financial Statements 					F-6 - F-16
























                               -21-





                INDEPENDENT AUDITORS' REPORT


To the Board of Directors and Stockholders
Epic Financial Corporation
(Formerly, Big Equipment Services, Inc.)

We  have audited the accompanying consolidated balance sheet
of  Epic Financial Corporation (a Nevada corporation) as  of
October 31, 2003 and the related consolidated statements  of
operations,  stockholders' deficit, and cash flows  for  the
year  ended  October 31, 2003. These consolidated  financial
statements   are   the  responsibility  of   the   Company's
management. Our responsibility is to express an  opinion  on
these consolidated financial statements based on our audit.

We conducted our audit in accordance with auditing standards
generally  accepted in the United States of America.   Those
standards  require  that we plan and perform  the  audit  to
obtain  reasonable  assurance about  whether  the  financial
statements  are  free  of material misstatement.   An  audit
includes examining, on a test basis, evidence supporting the
amounts  and  disclosures in the financial  statements.   An
audit also includes assessing the accounting principles used
and  significant estimates made by management,  as  well  as
evaluating the overall financial statement presentation.  We
believe  that our audit provide a reasonable basis  for  our
opinion.

In   our  opinion,  the  consolidated  financial  statements
referred  to above present fairly, in all material respects,
the  financial position of Epic Financial Corporation as  of
October  31, 2003 and the results of its operations and  its
cash  flows  for  the  year  ended  October  31,  2003,   in
conformity with accounting principles generally accepted  in
the United States of America.

The  Company's financial statements are prepared  using  the
generally  accepted accounting principles  applicable  to  a
going  concern, which contemplates the realization of assets
and  liquidation  of  liabilities in the  normal  course  of
business.   The  Company  has  an  accumulated  deficit   of
$1,595,909  and the Company's total liabilities  exceed  its
total assets by $486,018. These factors as discussed in Note
3   to   the   consolidated  financial  statements,   raises
substantial doubt about the Company's ability to continue as
a  going  concern.  Management's plans in  regard  to  these
matters  are  also  described in Note 3.   The  consolidated
financial  statements  do not include any  adjustments  that
might result from the outcome of this uncertainty.




KABANI & COMPANY, INC.


CERTIFIED PUBLIC ACCOUNTANTS
Fountain Valley, California
February 6, 2004





                               -22-  F1




                          EPIC FINANCIAL  CORPORATION
                   (FORMERLY, BIG EQUIPMENT SERVICES, INC.)
                          CONSOLIDATED BALANCE SHEET
                               OCTOBER 31, 2003



                         Assets



Current assets:
  Cash                                                             $   11,586
  Other current assets                                                    500
                                                                    ----------

         Total current assets                                          12,086

Fixed assets:
  Equipment, net                                                        2,364

                                                                    ----------

Total assets                                                       $   14,450
                                                                    ==========


            Liabilities and stockholders' deficit


Current liabilities:
  Accrued expenses                                                 $   13,181
  Litigation accrual                                                  487,287
                                                                    ----------

        Total current liabilities                                     500,468

Stockholders' deficit:
Preferred stock - Unclassified, $0.001 par value, 3,700,000
  shares authorized, none issued                                            -
Series A convertible Preferred Stock $0.001 par value per share,
 1,000,000 shares authorized, 1,000,000 issued                        500,000
Series B convertible Preferred Stock $0.001 par value per share,
 300,000 shares authorized, 220,000 issued & outstanding              110,000
Common stock, $0.001 par value, 20,000,000
  shares authorized, 6,456,832 issued and outstanding                   6,457
Additional paid-in capital                                          1,153,692
Stock subscriptions receivable                                       (160,258)
Treasury stock, 1,000,000 preferred shares of Series A               (500,000)
Accumulated deficit                                                (1,595,909)
                                                                    ----------

        Total Stockholders' deficit                                  (486,018)
                                                                    ----------

        Total liabilities and stockholders' deficit               $    14,450
                                                                    ==========




           The accompanying notes are an integral part of
              these consolidated financial statements.






                               -23-  F2





                          EPIC FINANCIAL  CORPORATION
                    (FORMERLY, BIG EQUIPMENT SERVICES, INC.)
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                 FOR THE YEARS ENDED OCTOBER 31, 2003 AND 2002

                                                           2003         2002
                                                       -----------   ---------

Net revenue                                            $   131,059   $  62,967

Operating expenses                                       1,060,510      51,052
                                                       -----------   ---------
Income (loss) from operations                             (929,451)     11,915

Other income (expense):
    Litigation accrual                                    (487,287)          -
                                                       -----------   ---------

Net income (loss) before provision for income tax       (1,416,738)     11,915

Provision for income tax                                    (1,600)     (4,800)

                                                       -----------   ---------

Net income (loss)                                       (1,418,338)      7,115

Preferred dividend                                         (21,000)          -
                                                       -----------   ---------

Net income (loss) applicable to common shareholders    $(1,439,338)  $   7,115
                                                       ===========   =========

Basic & diluted loss per share for dividends for         $  (0.003)  $       -
preferred stock                                        ===========   =========

Basic and diluted net income (loss) per share:           $  (0.233)  $   0.002
                                                       ===========   =========
Basic and diluted weighted average
   shares outstanding                                    6,185,924   3,000,000
                                                       ===========   =========

Basic and diluted weighted average shares outstanding have been restated for
2002 to affect the recapitalization upon reverse merger on March 31, 2003.

Basic and diluted weighted average shares outstanding have been restated for
all the periods to affect 1:20 reverse stock split for all shareholders on
March 07, 2003.




           The accompanying notes are an integral part of
              these consolidated financial statements.





                               -24-  F3





                                     EPIC FINANCIAL CORPORATION
                              (FORMERLY, BIG EQUIPMENT SERVICES, INC.)
                            CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                             FOR THE YEARS ENDED OCTOBER 31, 2003 AND 2002

<TABLE>
<CAPTION>


                                                                                       Additional                           Total
                         Preferred Stock  Preferred Stock       Common      Paid In    Subscriptions  Treasury Accumulated  Share-
                               "A"              "B"                                                                         holders'
  Description            Shares   Amount  Shares   Amount   Shares  Amount  Capital    Receivable     Shares   Deficit      Equity
------------------------------------------------------------------------------------------------------------------------------------
<S>                       <C>      <C>      <C>      <C>     <C>     <C>      <C>        <C>            <C>      <C>         <C>

Balance -
November 1, 2001       1,000,000 $900,000      -     $-   3,000,000 $10,000  $99,179      $-            $-     $(83,878)    $925,301


Recapitalization on
reverse acquisition            - (400,000)     -      -     291,832  (6,708) (99,179)     -           (500,000) (79,808) (1,085,695)

------------------------------------------------------------------------------------------------------------------------------------
Balance after
recapitalization       1,000,000  500,000      -      -   3,291,832   3,292        -      -           (500,000)(163,686)   (160,394)

Net income for
the year                       -        -      -      -           -       -        -      -                  -    7,115        7,115

------------------------------------------------------------------------------------------------------------------------------------
Balance -
October 31, 2002       1,000,000  500,000      -      -   3,291,832   3,292        -      -           (500,000)(156,571)   (153,279)

Issuance of
preferred stock
for cash                       -        - 220,000 110,000         -       -        -      -                  -        -      110,000

Issuance of shares
for services                   -        -      -      -   1,912,500   1,912  623,195 625,107                 -        -            -

Issuance of warrants
for services                   -        -      -      -           -       -  217,625       -                 -        -      217,625

Common stock
subscriptions
receivable                     -        -      -      -           -       -        - (160,258)               -        -    (160,258)

Exercise of warrants           -        -      -      -   1,052,500   1,053  272,072        -                -        -      273,125

Sale of shares                 -        -      -      -           - 200,000      200   19,800                -        -       20,000

Issuance of preferred
shares due to
conversion feature             -        -      -      -           -       -        -   21,000                -        -       21,000

Net Loss for the year          -        -      -      -           -       -        -        -                -(1,439,338)(1,439,338)

------------------------------------------------------------------------------------------------------------------------------------
Balance -
October 31, 2003       1,000,000 $500,000 220,000 $110,000 6,456,832 $6,457 $1,153,692 $(160,258) $(500,000) $(1,595,909) $(486,018)
====================================================================================================================================

</TABLE>



           The accompanying notes are an integral part of
              these consolidated financial statements.




                               -25-  F4




                                    EPIC FINANCIAL  CORPORATION
                             (FORMERLY, BIG EQUIPMENT SERVICES, INC.)
                               CONSOLIDATED STATEMENTS OF CASH FLOWS
                           FOR THE YEARS ENDED OCTOBER 31, 2003 AND 2002

                                                           2003          2002
                                                         ---------   ---------
OPERATING ACTIVITIES
 Net income (loss)                                    $ (1,439,338)  $   7,115
 Adjustments to reconcile net income
 (loss) to net cash
 provided by (used in) operations:
 Issuance of stocks and warrants for consulting services   842,732           -
 Issuance of stocks for commission                                           -
 Beneficial conversion feature of preferred stock           21,000           -
 Increase in current assets, advances                       (6,500)          -
 Depreciation                                                1,275           -
 Decrease in current liabilities:
 Accrued expenses                                          355,939         778
                                                         ---------   ---------
 Net cash provided by (used in) operating activities      (224,892)      7,893
                                                         ---------   ---------

INVESTING ACTIVITIES
 Acquisition of equipment                                   (3,639)          -
                                                         ---------   ---------
FINANCING ACTIVITIES
 Note payable - related parties                              6,250    (92,400)
 Proceeds from issuance of common stock                    113,317           -
 and exercise of warrants
 Proceeds from issuance of preferred stock                 110,000           -
                                                         ---------   ---------
 Net cash provided by (used in) financing activities       229,567    (92,400)
                                                         ---------   ---------

 Net increase (decrease) in cash and cash equivalents        1,036    (84,507)

 Cash and cash equivalents, beginning balance               10,550     95,057
                                                         ---------   ---------

 Cash and cash equivalents, ending balance              $   11,586   $ 10,550
                                                         =========   =========



           The accompanying notes are an integral part of
              these consolidated financial statements.





                               -26-  F5




           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1.  DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Organization and Nature of Operation

Epic  Financial  Corporation (formerly  known  as  Big  Equipment
Services,  Inc.) herein referred to "the Company" or "EPIC",  was
incorporated  in the State of Nevada on February 14,  2000  under
the  name  "BigEquip.net,  Inc." and changed  its  name  to  "Big
Equipment Services, Inc. on February 8, 2002".

Pursuant  to  a  Purchase  Agreement dated  March  7,  2003,  the
Company,  on  March  31, 2003, acquired all  of  the  issued  and
outstanding  shares of common stock, no par value, of  Saddleback
Investment  Services,  Inc., dba American  National  Mortgage,  a
California  corporation ("Saddleback or  SIS")  from  William  R.
Parker  ("Mr. Parker") and six otherwise unaffiliated persons  or
entities.  In exchange for the shares of Saddleback, the  Company
issued  1,500,000 shares of its restricted common  stock,  $0.001
par  value per share, to Mr. Parker and an aggregate of 1,500,000
shares  to such other persons or entities.  As a result  of  this
transaction, Mr. Parker became the beneficial owner of 44.79%  of
the  issued and outstanding common stock of the Company, the sole
class of voting stock of the EPIC.  As a part of the transaction,
on  March  31,  2003, Mr. Parker was appointed to  the  Board  of
Directors  of  the Company and elected President of the  Company.
EPIC,  at  the  same time, abandoned the intended  focus  of  its
business  from one of providing business and e-commerce solutions
to  small-  and  medium-sized construction companies,  which  was
never  implemented,  and  adopted a new  business  strategy  -  a
financial  services  firm,  specifically  real  estate   mortgage
financing.

The  acquisition  has  been treated as a capital  transaction  in
substance,  rather than a business combination, and is  deemed  a
"reverse  acquisition" for accounting purposes since  the  former
owners  of SIS controlled majority of the total shares of  Common
Stock  of  the  Company  outstanding  immediately  following  the
acquisition. The financial statements of legal acquiree  are  not
significant;  therefore,  no pro forma financial  information  is
submitted.

Principles of Consolidation

For financial statement purposes, the transaction was recorded as
a  recapitalization of Saddleback. The accompanying  consolidated
financial  statements include the accounts of EPIC and  its  100%
wholly owned subsidiary, Saddleback (collectively the "Company").
All significant inter-company accounts and transactions have been
eliminated  in  consolidation.  The acquisition of Saddleback  on
March  31, 2003 has been accounted for as a purchase and  treated
as  a  reverse acquisition since the former owners of  Saddleback
became   the   largest  and  controlling  shareholder   of   EPIC
immediately  following the acquisition.  The  historical  results
for  the  year ended October 31, 2003 include Saddleback and  the
Company  (from  the  date of acquisition)  while  the  historical
results  for  the  year  ended  October  31,  2002  include  only
Saddleback.

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash and cash equivalents

The  Company considers all liquid investments with a maturity  of
three  months or less from the date of purchase that are  readily
convertible into cash to be cash equivalents.  Balances  in  bank
accounts may, from time to time, exceed federally insured limits.




                               -27-  F6



           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Use of estimates

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 disclosure of contingent assets and
liabilities  at  the  date of the financial  statements  and  the
reported  amounts of revenues and expenses during  the  reporting
period.  Actual results could differ from those estimates.

Income taxes

Deferred  income tax assets and liabilities are computed annually
for differences between the financial statements and tax basis of
assets  and liabilities that will result in taxable or deductible
amounts  in the future based on enacted laws and rates applicable
to  the  periods in which the differences are expected to  affect
taxable  income (loss).  Valuation allowance is established  when
necessary to reduce deferred tax assets to the amount expected to
be realized.

Basic and diluted net loss per share

Net loss per share is calculated in accordance with the Statement
of  financial  accounting  standards  No.  128  (SFAS  No.  128),
"Earnings   per  share".   SFAS  No.  128  superseded  Accounting
Principles Board Opinion No.15 (APB 15).  Net loss per share  for
all  periods presented has been restated to reflect the  adoption
of  SFAS  No.  128.  Basic net loss per share is based  upon  the
weighted  average  number of common shares outstanding.   Diluted
net  loss  per share is based on the assumption that all dilutive
convertible shares and stock options were converted or exercised.
Dilution  is  computed  by applying the  treasury  stock  method.
Under  this  method,  options  and warrants  are  assumed  to  be
exercised  at  the beginning of the period (or  at  the  time  of
issuance,  if later), and as if funds obtained thereby were  used
to  purchase common stock at the average market price during  the
period.

Stock-based compensation

The  Company has adopted the disclosure provisions only  of  SFAS
123  and continues to account for stock based compensation  using
the  intrinsic  value  method prescribed in accordance  with  the
provisions  of  APB  No.  25,  Accounting  for  Stock  Issued  to
Employees, and related interpretations.  Common stock  issued  to
employees  for compensation is accounted for based on the  market
price  of  the  underlying stock, generally the average  low  bid
price.

The  Company accounts for stock-based compensation issued to non-
employees  and  consultants in accordance with the provisions  of
SFAS  123  and the Emerging Issues Task Force consensus in  Issue
No. 96-18 ("EITF 96-18"), "Accounting for Equity Instruments that
are   Issued  to  Other  Than  Employees  for  Acquiring  or   in
Conjunction  with  Selling,  Goods or  Services".   Common  stock
issued to non-employees in exchange for services is accounted for
based on the fair value of the services received.

Issuance of shares for service

The  Company  accounts for the issuance of equity instruments  to
acquire  goods and services based on the fair value of the  goods
and  services or the fair value of the equity instrument  at  the
time of issuance, whichever is more reliably measurable.



                               -28-  F7



           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Fair value of financial instruments

Statement  of financial accounting standard No. 107,  Disclosures
about  fair  value  of financial instruments, requires  that  the
Company  disclose estimated fair values of financial instruments.
The  carrying  amounts  reported in the statements  of  financial
position for current assets and current liabilities qualifying as
financial instruments are a reasonable estimate of fair value.


Revenue recognition

The  Securities  and  Exchange Commission  ("SEC")  issued  Staff
Accounting  Bulletin  (SAB)  "Revenue  Recognition  in  Financial
Statements," in December 1999.  The SAB summarizes certain of the
SEC  staff's  views  in  applying generally  accepted  accounting
principles   ("GAAP")   to  revenue  recognition   in   financial
statements.   Management  of  the Company  believes  its  revenue
recognition   policies  are  in  accordance  with  the   relevant
accounting pronouncements.  In that regard, commissions generated
from brokering loans are recognized at the date of close.  Notary
services  related  revenue is recognized when  the  services  are
performed.  Loan origination fees are deferred.  Upon the sale of
loans  to third parties without recourse, such deferred fees  are
recorded as income.

Revenues associated with closing fees received by the Company and
costs  associated with obtaining mortgage loans are deferred  and
recognized  upon  sale  of the related mortgage  loans.  Mortgage
loans  held  for sale are reported net of such deferred  revenues
and costs in the accompanying balance sheet.

Property & equipment

Property  &  equipment  is depreciated, using  the  straight-line
method,  over  estimated useful lives of  five  to  seven  years.
Depreciation expense for the fiscal year ended October  31,  2003
was  $1,275 compared to $0 for the fiscal year ended October  31,
2002.  Property and equipment consist of following at October 31,
2003:

    Office Equipment                 $  3,639
    Accumulated depreciation           (1,275)
                                   -----------
                                     $  2,364

Market Risk

The  Company  is  involved in the real estate loan  market.   The
fluctuations  of  the  interest rates or other  market  condition
within  the real estate loan market may have a significant effect
on the volume and the profitability of business of the Company.

Advertising Costs

Advertising costs are expensed when the advertising or  promotion
is published or presented to consumers.





                               -29-  F8




           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Impairment of Long-Lived Assets

The  Company  follows the provisions of SFAS No. 144  "Accounting
for the Impairment of Long-Lived Assets and Long-Lived Assets  to
Be  Disposed  Of." Long-lived assets are reviewed for  impairment
whenever  events  or changes in circumstances indicate  that  the
carrying  amount of an asset may not be recoverable in accordance
with   SFAS   No.   144.  Management  evaluates   quarterly   the
recoverability of its long-lived assets based on estimated future
cash flows from and the estimated liquidation value of such long-
lived  assets,  and provides for impairment if such  undiscounted
cash flows are insufficient to recover the carrying amount of the
long-lived  asset. The amount of impairment, if any, is  measured
based  on fair value or discounted cash flows, and is charged  to
operations  in the period in which such impairment is  determined
by management.

Reporting Comprehensive Income

The  Company reports the components of comprehensive income using
the  income statement approach. Comprehensive income includes net
income (loss), as well as certain non-shareholder items that  are
reported  directly within a separate component  of  stockholders'
equity  and  bypass  net income (loss). The  provisions  of  this
statement   had  no  impact  on  the  accompanying   consolidated
financial statements.

Segment Reporting

  Statement  of  Financial Accounting Standards  No.  131  ("SFAS
131"),  "Disclosure About Segments of an Enterprise  and  Related
Information" requires use of the "management approach" model  for
segment reporting. The management approach model is based on  the
way  a company's management organizes segments within the company
for   making   operating  decisions  and  assessing  performance.
Reportable   segments  are  based  on  products   and   services,
geography,  legal structure, management structure, or  any  other
manner  in  which management disaggregates a company.  Currently,
SFAS  131  has no effect on the Company's consolidated  financial
statements  as substantially all of the Company's operations  are
conducted in one industry segment.

Reclassifications

Certain  items in the prior year financial statements  have  been
reclassified  for  comparative  purposes  to  conform  with   the
presentation   in  the  current  period's  presentation.    These
reclassifications  have  no  effect on  the  previously  reported
income (loss).

Recent Pronouncements:

On  April 30, 2003, the FASB issued FASB Statement No. 149 ("SFAS
149"), "Amendment of Statement 133 on Derivative Instruments  and
Hedging  Activities". FAS 149 amends and clarifies the accounting
guidance   on  (1)  derivative  instruments  (including   certain
derivative  instruments  embedded in  other  contracts)  and  (2)
hedging  activities that fall within the scope of FASB  Statement
No.  133 ("SFAS 133"), Accounting for Derivative Instruments  and
Hedging  Activities. SFAS 149 also amends certain other  existing
pronouncements, which will result in more consistent reporting of
contracts that are derivatives in their entirety or that  contain
embedded  derivatives that warrant separate accounting. SFAS  149
is  effective  (1) for contracts entered into or  modified  after
June  30,  2003,  with certain exceptions, and  (2)  for  hedging
relationships designated after June 30, 2003. The guidance is  to
be  applied prospectively. The adoption of SFAS No. 149 does  not
have  a  material impact on the Company's financial  position  or
results of operations or cash flows.






                               -30-  F9




           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



On  May  15  2003, the FASB issued FASB Statement No. 150  ("SFAS
150"),   Accounting  for  Certain  Financial   Instruments   with
Characteristics of both Liabilities and Equity. SFAS 150  changes
the  accounting  for  certain financial instruments  that,  under
previous  guidance, could be classified as equity or  "mezzanine"
equity,  by  now requiring those instruments to be classified  as
liabilities (or assets in some circumstances) in the statement of
financial   position.  Further,  SFAS  150  requires   disclosure
regarding   the   terms  of  those  instruments  and   settlement
alternatives. SFAS 150 affects an entity's classification of  the
following  freestanding  instruments: a)  Mandatorily  redeemable
instruments  b) Financial instruments to repurchase  an  entity's
own   equity  instruments  c)  Financial  instruments   embodying
obligations  that the issuer must or could choose  to  settle  by
issuing  a  variable  number  of  its  shares  or  other   equity
instruments based solely on (i) a fixed monetary amount known  at
inception or (ii) something other than changes in its own  equity
instruments d) SFAS 150 does not apply to features embedded in  a
financial  instrument that is not a derivative in  its  entirety.
The guidance in SFAS 150 is generally effective for all financial
instruments entered into or modified after May 31, 2003,  and  is
otherwise effective at the beginning of the first interim  period
beginning after June 15, 2003. For private companies, mandatorily
redeemable financial instruments are subject to the provisions of
SFAS 150 for the fiscal period beginning after December 15, 2003.
The  adoption of SFAS No. 149 does not have a material impact  on
the Company's financial position or results of operations or cash
flows.

In December 2003, the Financial Accounting Standards Board (FASB)
issued  a  revised  Interpretation  No.  46,  "Consolidation   of
Variable   Interest  Entities"  (FIN  46R).  FIN  46R   addresses
consolidation  by  business  enterprises  of  variable   interest
entities  and significantly changes the consolidation application
of consolidation policies to variable interest entities and, thus
improves  comparability between enterprises  engaged  in  similar
activities  when those activities are conducted through  variable
interest  entities.  The  Company  does  not  hold  any  variable
interest entities.

NOTE 3.  GOING CONCERN UNCERTAINTY

The  accompanying  financial statements  have  been  prepared  in
conformity  with  generally accepted accounting principles  which
contemplate  continuation  of the company  as  a  going  concern.
However, the Company has an accumulated deficit of $1,595,909 per
the financial statements.  The Company's total liabilities exceed
its  total  assets  by  $486,018.  The Company  faces  continuing
significant  business risks, including, but not limited  to,  its
ability  to  maintain  vendor  relationships  by  making   timely
payments when due.

In  view  of  the  matters described in the preceding  paragraph,
recoverability of a major portion of the recorded  asset  amounts
shown  in  the  accompanying  balance  sheet  it  dependent  upon
continued  operations of the company, which in turn is  dependent
upon  the  Company's ability to raise additional capital,  obtain
financing  and  succeed in its future operations.  The  financial
statements  do  not  include  any  adjustments  relating  to  the
recoverability  and classification of recorded asset  amounts  or
amounts and classification of liabilities that might be necessary
should the Company be unable to continue as a going concern.

Management has taken the following steps to revise its  operating
and  financial requirements, which it believes are sufficient  to
provide  the  Company  with the ability to continue  as  a  going
concern.  The Company is actively pursuing additional funding and
potential merger or acquisition candidates and strategic partners
which  would  enhance stockholders' investment.  In that  regard,
the  Company had a reverse acquisition with Saddleback  on  March
31,  2003.  Management believes that the above actions will allow
the Company to continue operations through the next fiscal year.




                               -31-  F10



           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



NOTE 4.  STOCKHOLDERS' EQUITY AND SUBSCRIPTION RECEIVABLE

Common stock, stock warrants and subscription receivable

All shares and per share amounts have been retroactively restated
to reflect the reverse split discussed below.

Effective  March  7, 2003, the Articles of Incorporation  of  the
Company  were amended to change the name of the Company from  Big
Equipment Services, Inc. to Epic Financial Corporation.   At  the
same   time,   the  Certificate  of  Amendment  to  Articles   of
Incorporation  effectuated  a  1-for-20  reverse  split  of   the
Company's  common stock.  The record date for the  reverse  split
was the close of business on March 6, 2003.

During  the  year  ended  October 31, 2003,  the  Company  issued
200,000  shares  of  common stock for  cash  of  $20,000,  issued
1,912,500  shares  of  common  stock  for  consulting  fees   and
commission  of  $625,107  and 1,052,500  Series  A  warrants  for
consulting  fees  of  $217,625, which included  950,000  warrants
issued to a related party for consulting fees of $ 214,375.   The
warrants  were exercisable between the share prices of  $0.25  to
$0.40  per  share.   The stocks were valued at the  average  fair
market  value  of  the freely trading shares of  the  Company  as
quoted on OTCBB on the date of issuance. 1,052,500 warrants  were
exercised  during the year and the Company had no  warrants  were
outstanding at October 31, 2003.

At  October  31,  2003,  the  Company has  a  total  subscription
receivable  of  $160,258 for issuance of shares and  exercise  of
warrants which included $137,033 of subscription receivables from
related parties.

On  March 31, 2003, the Company issued 3,000,000 shares of common
stock  for  acquisition of Saddleback Investment  Services,  Inc.
(note 7).

Preferred stock

During  the  year  ended  October 31, 2003,  the  Company  issued
220,000  shares of Series B Convertible Preferred Stock for  cash
amounting  $110,000.   The  Series B  Preferred  Shares  are  not
entitled to receipt of any dividend.

The number of shares of Common Stock issuable upon conversion  of
each Series B convertible Preferred stock shall be determined  by
dividing transaction value by the conversion rate.

"Transaction Value" means $.50.




                               -32-  F11



           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



"Conversion Price" means, as of any Conversion Date or other date
of  determination, the amount determined by multiplying  (i)  the
Market Price of the Company's Common Stock by (ii) the Conversion
Percentage  in  effect as of such date, subject to adjustment  as
provided   herein.  Conversion  Percentage  for  the   Series   B
convertible   Preferred  Stock  shall  be  fifty   percent.   The
Company has recorded $21,000 for beneficial conversion feature as
preferred  dividend  in  the accompanying consolidated  financial
statements.

If  the Company at any time subdivides (by any stock split, stock
dividend,  recapitalization or otherwise) one or more classes  of
its  outstanding shares of Common Stock into a greater number  of
shares, the Conversion Price in effect immediately prior to  such
subdivision will be proportionately reduced.  If the  Company  at
any  time  combines  (by  combination,  reverse  stock  split  or
otherwise)  one  or  more classes of its  outstanding  shares  of
Common  Stock  into  a smaller number of shares,  the  Conversion
Price  in  effect immediately prior to such combination  will  be
proportionately increased.

Holders of Series B Preferred Shares shall have no voting rights,
except  as  required  by law, including but not  limited  to  the
General  Corporation Law of the State of Nevada, and as expressly
provided  in  this Certificate of Designations.   All  shares  of
Series  B Preferred Shares shall be of junior rank to all  shares
of Series A Preferred Shares.

In  the  event  of  any  voluntary  or  involuntary  liquidation,
dissolution  or  winding up of the Company, the  Holders  of  the
Series  B Preferred Shares shall be entitled to receive  in  cash
out  of  the assets of the Company, whether from capital or  from
earnings  available  for distribution to  its  stockholders  (the
"Liquidation  Funds"), before any amount shall  be  paid  to  the
holders  of any of the capital stock of the Company of any  class
junior in rank to the Series B Preferred Shares in respect of the
preferences  as  to  the  distributions  and  payments   on   the
liquidation, dissolution and winding up of the Company, an amount
per  Series  B  Preferred Share equal to $1.00 (the  "Liquidation
Preference");  provided  that,  if  the  Liquidation  Funds   are
insufficient to pay the full amount due to the Holders of  Series
B Preferred Shares, then each Holder of Series B Preferred Shares
shall receive a percentage of the Liquidation Funds equal to  the
full  amount  of Liquidation Funds payable to such  Holder  as  a
liquidation  preference.   The  purchase  or  redemption  by  the
Company  of stock of any class, in any manner permitted  by  law,
shall not, for the purposes hereof, be regarded as a liquidation,
dissolution   or  winding  up  of  the  Company.    Neither   the
consolidation  nor merger of the Company with or into  any  other
Person,  nor  the sale or transfer by the Company  of  less  than
substantially all of its assets, shall, for the purposes  hereof,
be  deemed to be a liquidation, dissolution or winding up of  the
Company.   No  Holder  of  Series B  Preferred  Shares  shall  be
entitled  to  receive any amounts with respect thereto  upon  any
liquidation, dissolution or winding up of the Company other  than
the amounts provided for herein; provided that a Holder of Series
B  Preferred  Shares shall be entitled to all amounts  previously
accrued with respect to amounts owed hereunder.

Treasury stock:

On  January  31, 2003, the Company exchanged 1,000,000  Series  A
convertible Preferred Stock $0.001 par value, for 100,000  shares
of  preferred  stock  of  Saddleback.   All  shares  were  issued
pursuant  of the provisions of Rule 144 of the General Rules  and
Regulations of the Securities and Exchange Commission  under  the
Securities  Act of 1933 and are subject to transfer restrictions.
The shares were valued at the time of issuance at $900,000.  As a
part  of the acquisition on March 7, 2003 (note 7), the Company's
preferred  stock  held  by Saddleback were revalued  at  $500,000
based  upon  market value prevailing at that time.   Such  shares
have  been  reflected  as  Treasury  stock  in  the  accompanying
consolidated financial statements.

The number of shares of Common Stock issuable upon conversion  of
each Series A convertible Preferred stock shall be determined  by
dividing transaction value by the conversion rate.




                               -33-  F12



           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



"Transaction  Value" means the sum of (A) $1.50 and  (B)  accrued
and  unpaid  Dividends,  if so included  at  the  Company's  sole
discretion.

"Conversion Price" means, as of any Conversion Date or other date
of  determination, the amount determined by multiplying  (i)  the
Market Price of the Company's Common Stock by (ii) the Conversion
Percentage  in  effect as of such date, subject to adjustment  as
provided   herein.  Conversion  Percentage  for  the   Series   A
convertible Preferred Stock shall be one hundred percent (100%).

The  holders  of  the  Series A convertible Preferred  stock  are
entitled  to  a  dividend at a rate determined by  the  Company's
Board  of  Directors, on a pari passu basis with the  holders  of
Common  Shares  and  other  classes of preferred  shares  of  the
Company.

If  the Company at any time subdivides (by any stock split, stock
dividend,  recapitalization or otherwise) one or more classes  of
its  outstanding shares of Common Stock into a greater number  of
shares, the Conversion Price in effect immediately prior to  such
subdivision will be proportionately reduced.  If the  Company  at
any  time  combines  (by  combination,  reverse  stock  split  or
otherwise)  one  or  more classes of its  outstanding  shares  of
Common  Stock  into  a smaller number of shares,  the  Conversion
Price  in  effect immediately prior to such combination  will  be
proportionately increased.

In  the  event  of  any  voluntary  or  involuntary  liquidation,
dissolution  or  winding up of the Company, the  Holders  of  the
Preferred Shares shall be entitled to receive in cash out of  the
assets  of  the  Company, whether from capital or  from  earnings
available  for distribution to its stockholders (the "Liquidation
Funds"), before any amount shall be paid to the holders of any of
the  capital stock of the Company of any class junior in rank  to
the  Preferred  Shares in respect of the preferences  as  to  the
distributions  and payments on the liquidation,  dissolution  and
winding up of the Company, an amount per Preferred Share equal to
$1.50  and  any  accrued  but unpaid Dividends  (such  sum  being
referred to as the " Liquidation Preference"); provided that,  if
the Liquidation Funds are insufficient to pay the full amount due
to the Holders of Preferred Shares, then each Holder of Preferred
Shares shall receive a percentage of the Liquidation Funds  equal
to the full amount of Liquidation Funds payable to such Holder as
a liquidation preference.

NOTE 5.  BASIC AND DILUTED NET LOSS PER SHARE

Basic  and diluted net loss per share for the year ended  October
31,  2003  and 2002 was determined by dividing net loss  for  the
period by the weighted average number of basic and diluted shares
of  common stock outstanding.  Weighted average number of  shares
used  to  compute basic and diluted loss per share  is  the  same
since the effect of dilutive securities is anti-dilutive.





                               -34-  F13




           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


NOTE 6.  SUPPLEMENTAL DISCLOSURE OF CASH FLOWS

The  Company  prepares  its statements of cash  flows  using  the
indirect   method  as  defined  under  the  Financial  Accounting
Standard No. 95.

The Company paid $0 for income tax during the years ended October
31,  2003 and 2002.  The Company paid $0 for interest during  the
years ended October 31, 2003 and 2002.

The  statements  of cash flows do not include following  non-cash
activities;

     Acquisition of Saddleback by issuance of 3,000,000 shares of
common stock.

      Issuance of 1,912,500 shares of common stock for consulting
fees of $625,107.

             Issuance of 1,052,500 shares of common stock against
exercise of Series A warrants amounting
             $217,625

NOTE 7.  ACQUISITION

Pursuant  to  a  Purchase  Agreement dated  March  7,  2003  (the
"Purchase  Agreement"), the Company, on March 31, 2003,  acquired
all  of the issued and outstanding shares of common stock, no par
value,  of  Saddleback Investment Services,  Inc.,  a  California
corporation  (Saddleback) from William R. Parker  ("Mr.  Parker")
and nine otherwise unaffiliated persons or entities.  In exchange
for the shares of SIS, the Company issued 1,500,000 shares of its
restricted  common  stock, $0.001 par value  per  share,  to  Mr.
Parker and an aggregate of 1,500,000 shares to such other persons
or  entities.  As a result of this transaction, Mr. Parker became
the  beneficial  owner  of 44.79% of the issued  and  outstanding
common  stock of the Company, the sole class of voting  stock  of
the  Company.  As a part of the transaction, on March  31,  2003,
Mr. Parker was appointed to the Board of Directors of the Company
and  elected  President  of the Company.   At  the  time  of  the
acquisition, the Company had fixed assets at its historical  cost
of  $11,462.  As  a  part  of  the reverse  acquisition,  it  was
determined by the new management that the fixed assets were fully
impaired  and  therefore were eliminated  from  the  consolidated
financial statements as acquisition cost.

The  acquisition  has  been treated as a capital  transaction  in
substance,  rather than a business combination, and is  deemed  a
"reverse  acquisition" for accounting purposes since  the  former
owners  of Saddleback controlled majority of the total shares  of
Common Stock of the Company outstanding immediately following the
acquisition.  The financial statements of legal acquiree are  not
significant;  therefore,  no pro forma financial  information  is
submitted.

Saddleback,   presently  doing  business  as  American   National
Mortgage  ("American National") is a mortgage broker and  banking
entity  with  its  principal  office located  in  Newport  Beach,
California.  American National was formed in November,  1992  and
operated primarily as a wholesale mortgage banker until mid-2001.
In  July 2001, American National was acquired by EMB Corporation.
Due to inadequate capital for growth, American National suspended
much of its operations and conducted only limited retail mortgage
operations  until  December  2002,  at  which  time  Mr.   Parker
rescinded   the  transaction  with  EMB  Corporation.    American
National generates its income primarily through fees and expenses
charged  to  borrowers  and  from yield  spread  premiums  and/or
service  release  premiums  paid to American  National  when  the
closed  loans  are  sold  by American  National  to  third  party
investors, primarily larger mortgage lenders or banks.




                               -35-  F14



           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


NOTE 8.  LITIGATION

On  March 1, 2001, Saddleback, the wholly-owned subsidiary of the
Company,  was named as a defendant in the litigation styled,  The
Provident Bank vs. Saddleback Investments, dba American  National
Mortgage  Funding, a corporation; Jack D. Scott, Trustee  of  the
JDSDC  Profit  Sharing Plan; Arden Realty Limited Partnership,  a
Maryland  Limited Partnership; ORIX USA Corporation,  a  Delaware
corporation, and Does 1 through 50, Orange County Superior  Court
Case No. 01CC02898 and was also a named cross-complainant in such
litigation.   The  plaintiffs and cross-defendants  sought  money
damages from on a variety of causes of action. Subsequent to  the
year  end,  a proposed judgment was entered in favor of Provident
and  against Saddleback in the amount of $487,287 which will have
interest continue to accrue at statutory rate until paid in full.
The  Company has accrued $487,287 as litigation settlement in the
accompanying consolidated financial statements.

NOTE 9.  INCOME TAXES

At  October 31, 2003, the Company has net deferred tax assets  of
approximately  $638,000 comprised primarily of its net  operating
loss  carryforward. Based on the Company's assessment  of  future
realizability  of deferred tax assets, a valuation allowance  has
been  provided,  as  it is more likely than not  that  sufficient
taxable income will not be generated to realize certain temporary
differences.

The Company's provision for income taxes differs from the benefit
that  would have been recorded, assuming the income tax  rate  of
40%, due to the valuation allowance for net deferred tax assets.

The Company's provision of taxes consisted of the following:

          Federal                 $   489,000
          State                        86,340
                                  -----------
                                      572,340

          Tax credit                  570,740
                                  -----------
                                $       1,600

It  is  reasonably possible that the Company's  estimate  of  the
valuation  allowance will change.  The net operating  loss  carry
forward  may  be used to reduce taxable income through  the  year
2018.  The availability of the Company's net operating loss carry
forwards  are  subject to limitation if there is a  50%  or  more
positive change in the ownership of the Company's stock.





                               -36-  F15



           EPIC FINANCIAL CORPORATION AND SUBSIDIARIES
             (FORMERLY BIG EQUIPMENT SERVICES, INC.)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


NOTE 10.  SUBSEQUENT EVENTS

On  October 1, 2003, the Company completed a transaction  whereby
it  acquired all of the issued and outstanding capital  stock  of
Key Mortgage Corporation; however, this transaction was rescinded
on February 3, 2004, because of the Company's inability to obtain
in  a  timely  manner  the audited financial  statements  of  Key
Mortgage Corporation for the ten months ended October 31, 2003.


On  October  15,  2003,  the Company entered  into  a  Percentage
Interest  Purchase  and Acquisition Agreement with  Seven  Angels
Ventures LLC ("SAV") whereby the Company was permitted to acquire
up  to  a  10% interest in SAV.  The agreement provided that  the
Company  can acquire up to 500,000 shares of SAV in exchange  for
restricted  common  stock of the Company,  on  a  share-for-share
basis.  Subsequent to October 31, 2003, the Company and SAV  have
exchanged 433,000 shares, with the Company's common stock  issued
to SAV having an aggregate value of $175,750.

















                               -37-  F16




Item 8.  Changes In and Disagreements With Accountants on Accounting and
     Financial Disclosure.

     The following changes in Accountants for the Company were disclosed in
the Company's Current Report on Form 8-K, filed with the Securities and
Exchange Commission on June 19, 2003, as amended in the Current Report on
Form 8-K/A, filed with the Securities and Exchange Commission on August 5,
2003.

     On June 16, 2003 the Company dismissed its independent accountants
Becker & Company CPAs. The report of Becker & Company CPAs for the fiscal
year ended December 31, 2002 contained no adverse opinion, disclaimers of
opinion nor were they modified as to uncertainty, audit scope or accounting
principles, other than an explanatory paragraph regarding the substantial
doubt about the Company's ability to continue as a going concern. The
decision to dismiss Becker & Company CPAs was made by the Board of
Directors of the Company. At no time during the fiscal year ended December
31, 2002, nor during the interim period from January 1, 2003 through June
16, 2003, were there any disagreements with Becker & Company CPAs, whether
or not resolved, on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure.

     On June 16, 2003, the Company engaged the firm of Kabani & Company,
Inc., of Fountain Valley, California, as independent accountants for the
Company.  Prior to June 16, 2003, neither the Company, nor anyone on its
behalf, had consulted with Kabani & Company, Inc. concerning the accounting
principles of any specific completed or contemplated transaction, any type
of audit opinion on the Company's financial statements or any other
material factor which might be considered by the Company in reaching a
decision as to any accounting, auditing or financial reporting issue.

Item 8A.  Controls and Procedures.

Quarterly evaluation of the company's Disclosure Controls and Internal
Controls.

     Within the 90 days prior to the date of this Annual Report on Form 10-
KSB, the company evaluated the effectiveness of the design and operation of
its "disclosure controls and procedures" (Disclosure Controls), and its
"internal controls and procedures for financial reporting" (Internal
Controls). This evaluation (the Controls Evaluation) was done under the
supervision and with the participation of management, including our Chief
Executive Officer (CEO) and Acting Chief Financial Officer (CFO). Rules
adopted by the SEC require that in this section of the Annual Report we
present the conclusions of the CEO and the CFO about the effectiveness of
our Disclosure Controls and Internal Controls based on and as of the date
of the Controls Evaluation.

CEO and CFO Certifications.

     Appearing as Exhibits 31.2 and 31.2 to this Annual Report there are
forms of "Certification" of the CEO and the CFO. This Certification is
required in accord with Section 302 of the Sarbanes-Oxley Act of 2002 (the
Section 302 Certification). This section of the Annual Report which you are
currently reading is the information concerning the Controls Evaluation
referred to in the Section 302 Certifications and this information should
be read in conjunction with the Section 302 Certifications for a more
complete understanding of the topics presented.





                               -38-





Disclosure Controls and Internal Controls.

     Disclosure Controls are procedures that are designed with the
objective of ensuring that information required to be disclosed in our
reports filed under the Securities Exchange Act of 1934 (Exchange Act),
such as this Annual Report, is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange
Commission's (SEC) rules and forms. Disclosure Controls are also designed
with the objective of ensuring that such information is accumulated and
communicated to our management, including the CEO and CFO, as appropriate
to allow timely decisions regarding required disclosure. Internal Controls
are procedures which are designed with the objective of providing
reasonable assurance that (1) our transactions are properly authorized; (2)
our assets are safeguarded against unauthorized or improper use; and (3)
our transactions are properly recorded and reported, all to permit the
preparation of our financial statements in conformity with generally
accepted accounting principles.

Limitations on the Effectiveness of Controls.

     The company's management, including the CEO and CFO, does not expect
that our Disclosure Controls or our Internal Controls will prevent all
error and all fraud. A control system, no matter how well conceived and
operated, can provide only reasonable, not absolute, assurance that the
objectives of the control system are met. Further, the design of a control
system must reflect the fact that there are resource constraints, and the
benefits of controls must be considered relative to their costs. Because of
the inherent limitations in all control systems, no evaluation of controls
can provide absolute assurance that all control issues and instances of
fraud, if any, within the company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of
the control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there
can be no assurance that any design will succeed in achieving its stated
goals under all potential future conditions; over time, control may become
inadequate because of changes in conditions, or the degree of compliance
with the policies or procedures may deteriorate. Because of the inherent
limitations in a cost-effective control system, misstatements due to error
or fraud may occur and not be detected.

Scope of the Controls Evaluation.

     The CEO/CFO evaluation of our Disclosure Controls and our Internal
Controls included a review of the controls' objectives and design, the
controls' implementation by the company and the effect of the controls on
the information generated for use in this Annual Report. In the course of
the Controls Evaluation, we sought to identify data errors, controls
problems or acts of fraud and to confirm that appropriate corrective
action, including process improvements, were being undertaken. This type of
evaluation will be done on a quarterly basis so that the conclusions
concerning controls effectiveness can be reported in our Quarterly Reports
on Form 10-QSB and Annual Report on Form 10-KSB. Our Internal Controls are
also evaluated on an ongoing basis by other personnel in our organization
and by our independent auditors in connection with their audit and review
activities. The overall goals of these various evaluation activities are to
monitor our Disclosure Controls and our Internal Controls and to make
modifications as necessary; our intent in this regard is that the
Disclosure Controls and the Internal Controls will be maintained as dynamic
systems that change (including with improvements and corrections) as
conditions warrant. Among other matters, we sought in our evaluation to
determine whether there were any "significant deficiencies" or "material
weaknesses" in the company's Internal Controls, or whether the company had
identified any acts of fraud involving personnel who have a significant
role in the company's Internal Controls. This information was important
both for the Controls Evaluation generally and because items 5 and 6 in the
Section 302 Certifications of the CEO and CFO require that the CEO and CFO
disclose that information to our Board's Audit Committee (or persons
performing the equivalent functions) and to our independent auditors and to
report on related matters in this section of the Annual Report. In the
professional auditing literature, "significant deficiencies" are referred
to as "reportable conditions"; these are control issues that could have a
significant adverse effect on the ability to record, process, summarize and
report financial data in the financial statements. A "material weakness" is
defined in the auditing literature as a particularly serious reportable
condition where the internal control does not reduce to a relatively low
level the risk that misstatements caused by error or fraud may occur in
amounts that would be material in relation to the financial statements and
not be detected within a timely period by employees in the normal course of
performing their assigned functions. We also sought to deal with other
controls matters in the Controls Evaluation, and in each case if a problem
was identified, we considered what revision, improvement and/or correction
to make in accord with our on-going procedures.

     In accord with SEC requirements, the CEO and CFO note that, since the
date of the Controls Evaluation to the date of this Annual Report, there
have been no significant changes in Internal Controls or in other factors
that could significantly affect Internal Controls, including any corrective
actions with regard to significant deficiencies and material weaknesses.





                               -39-




Conclusions.

Based upon the Controls Evaluation, our CEO and CFO have concluded that,
subject to the limitations noted above, our Disclosure Controls are
effective to ensure that material information relating to the Company and
its consolidated subsidiaries is made known to management, including the
CEO and CFO, particularly during the period when our periodic reports are
being prepared, and that our Internal Controls are effective to provide
reasonable assurance that our financial statements are fairly presented in
conformity with generally accepted accounting principles.


                             PART III

Item. 9.Directors, Executive Officers, Promoters and Control Persons;
     Compliance with Section 16(a) of the Exchange Act.

     The directors and executive officers of the Company are as follows:

Name(1)(2)           Age          Position(3)
-----------------   ----   ---------------------------------------------------
William R. Parker    55    Director, President, Acting Secretary, Acting Chief
                           Financial Officer and Acting Principal Accounting
                           Officer

(1)  The   Company   presently  has  no  executive  committee,   nominating
     committee or audit committee of the Board of Directors.
(2)  The    officers   of   the   Company   hold   office    until    their
     successors   are  elected  and  qualified,  or  until   their   death,
     resignation or removal.
(3)  On  October  10,  2003,  Frank  Iannuzzi,  who  at  that  time  served
     as  Chairman  of  the  Board, Treasurer and Chief  Financial  Officer,
     and   Garth  Rolfe,  who  at  that  time  served  as  a  Director  and
     Secretary,  tendered  their resignations.  Neither  of  the  resigning
     parties  cited  any  disagreement with the Company and  both  resigned
     to  pursue  other business interests.  Mr. Parker assumed  the  acting
     positions   of  Secretary,  Chief  Financial  Officer  and   Principal
     Accounting Officer at that time.

     William R. Parker.  On March 31, 2003, William R. Parker was appointed
to the Company's Board of Directors and elected President of the Company.
On October 10, 2003, Mr. Parker was named Acting Secretary, Acting Chief
Financial Officer and Acting Principal Accounting Officer.  Mr. Parker has
been employed in the mortgage industry from 1982 to present.  From 1989 to
present, he has served as Chief Executive Officer of several mortgage
banking enterprises. He presently acts as President and Chief Executive
Officer of the Company's wholly owned subsidiary, Saddleback, having served
in such capacity since that firm's formation in 1992.  Beginning in July
2001 when Saddleback was acquired by, and operated as a wholly owned
subsidiary of, EMB Corporation, Mr. Parker served as a Director of EMB
Corporation.  He served in that capacity until December 2002, at which time
the Saddleback - EMB Corporation transaction was rescinded and Mr. Parker
resigned as a Director of EMB Corporation.

     The board of directors has not yet established an audit committee or a
compensation committee. An audit committee typically reviews, acts on and
reports to the board of directors with respect to various auditing and
accounting matters, including the recommendations and performance of
independent auditors, the scope of the annual audits, fees to be paid to
the independent auditors, and internal accounting and financial control
policies and procedures. Certain stock exchanges currently require
companies to adopt a formal written charter that establishes an audit
committee that specifies the scope of an audit committee's responsibilities
and the means by which it carries out those responsibilities. In order to
be listed on any of these exchanges, we will be required to establish an
audit committee.  In addition, new rules of the Securities and Exchange
Commission will require the Company to put in place an audit committee in
the near future.

     In addition, the board of directors has not yet established a
compensation committee.

     Compliance with Section 16(a) of Securities Exchange Act of 1934.  To
the best of the knowledge of the Company all of our directors, officers,
and 10% beneficial owners filed all reports in compliance with the
reporting requirements of Section 16(a) of the Securities Exchange Act of
1934 during the fiscal year ended October 31, 2003.






                               -40-




Item 10.  Executive Compensation.

          The following table sets forth the compensation required to be
reported pursuant to Item 402 of Regulation S-B.  We have omitted all other
sections of the Summary Compensation Table referenced in Item 402 because,
during the periods reported, there was no other annual compensation and
there was no long-term compensation in the form of restricted stock awards,
options/SARs (granted or exercised), LTIP payouts, or otherwise.

                    Summary Compensation Table

                                      Annual Compensation
     Name and                      --------------------------
Principal Position        Year     Salary          Bonus
-------------------------------------------------------------

William R. Parker (1)     2003      -0-             -0-
Director, President,      2002      -0-             -0-
Acting Secretary and
Acting Chief Financial
Officer

Frank Iannuzzi (2)        2003      -0-             -0-
Former Chairman,          2002      -0-             -0-
former Treasurer and
former Chief Financial
Officer

Garth Rolfe (3)           2003      -0-             -0-
Former Secretary and      2002      -0-             -0-
a former director

(1)  Mr.  Parker  was  elected  President  and  a  director  on  March  31,
     2003.    He   was  named  Acting  Secretary,  Acting  Chief  Financial
     Officer on October 10, 2003.
(2)  Mr.  Iannuzzi  was  elected Treasurer and Chief Financial  Officer  on
     March 31, 2003; prior to that, he had been named  President, Secretary
     and  a  director in February 2000. On October 10, 2003,  Mr.  Iannuzzi
     resigned as Chairman, Treasurer and Chief Financial Officer.
(3)  Mr.  Rolfe  was  elected  Secretary  on  March  31,  2003,  prior   to
     that,  he  was  named Secretary in February 2000  and  a  director  on
     January  2003.    Mr. Rolfe resigned as Secretary and  a  director  on
     October 10, 2003.

  Board Compensation. Members of our board of directors do not receive cash
compensation  for their services as directors, although some directors  are
reimbursed for reasonable expenses incurred in attending board or committee
meetings.

Item 11.  Security Ownership of Certain Beneficial Owners and Management.

     The  table  following sets forth information regarding the  beneficial
ownership  of  common stock for each person who is known by us  to  be  the
beneficial  owner of more than five percent of our voting  securities,  for
each  of  our  directors  and named executive  officers,  and  all  of  our
directors and executive officers as a group.  Unless otherwise indicated in
the footnotes, each person named below has sole voting and investment power
over the shares indicated.

     As  of  February 12, 2004, the Company had 18,134,827 shares of common
stock  outstanding.  For purposes of this table, a person is deemed  to  be
the  "beneficial owner" of the number of shares of common stock  that  such
person has the right to acquire within 60 days of February 10, 2004 through
the exercise of any option, warrant or right, through the conversion of any
security,  through the power to revoke a trust, discretionary  account,  or
similar  arrangement,  or  through the automatic termination  of  a  trust,
discretionary account or similar arrangement.




                               -41-





 Name of Beneficial Owner (1)            Number of Shares    Percent of
                                                               Class
-----------------------------            ----------------    -----------
 William R. Parker (2)                       1,500,000          8.27

 Aurora Two Ltd. (3)                         8,000,000         44.11

 Saddleback Investment Services, Inc.(4)     1,000,000        100.00

 Danbury Consultants, Inc. (5)                 150,000         68.18

 Kayvon Goodarzy (6)                            50,000         22.72

 All executive officers and directors as
 a group (1 person)                          1,500,000          8.27


     (1)  Except as otherwise noted, it is believed by the Company that all
     persons have full voting and investment power with respect to the
     shares, except as otherwise specifically indicated.  Under the rules
     of the Securities and Exchange Commission, a person (or group of
     persons) is deemed to be a "beneficial owner" of a security if he or
     she, directly or indirectly, has or shares the power to vote or to
     direct the voting of such security, or the power to dispose of or to
     direct the disposition of such security.  Accordingly, more than one
     person may be deemed to be a beneficial owner of the same security.  A
     person is also deemed to be a beneficial owner of any security which
     that person has the right to acquire within 60 days, such as warrants
     or options to purchase the Common Stock of the Company.

     (2)  All shares referenced herein constitute shares of our common
     stock.  Mr. Parker's address is 3300 Irvine Avenue, Suite 220, Newport
     Beach, CA 92660.

     (3)  All shares referenced herein constitute shares of our common
     stock. On November 3, 2003, the Company issued an aggregate of
     8,000,000 shares of its common stock to Aurora Two, Ltd.  The
     transaction involved unregistered securities issued pursuant to
     Regulation S.  In conjunction therewith, Aurora Two, Ltd., granted to
     the Company's Board of Directors a proxy to vote such shares.  As of
     the date of this Annual Report, the Company has not received the
     consideration due for such shares and has placed a hold on the
     certificates representing such shares until the consideration is
     received or the shares being returned for cancellation.  Aurora Two,
     Ltd.'s address is Shirlaw House, P.O. SS-19084, Nassau, Bahamas.

      (4) All shares referenced herein constitute shares of our Series A
     preferred stock.  The address of Saddleback Investment Services, Inc.,
     is 3300 Irvine Avenue, Suite 220, Newport Beach, CA 92660.  This stock
     is treated as treasury stock as it is owned by our wholly owned
     subsidiary.

     (5)    All shares referenced herein constitute shares of our Series B
     preferred stock.  The address of Danbury Consultants, Inc. is 22 Cape
     Danbury, Newport Beach, CA 92660.  Of these shares a total of 50,000
     are eligible for to conversion within 60 days of this Annual Report
     and would, at this date, be convertible into approximately 588,000
     shares of the Company's Common Stock.

     (6)  All shares referenced herein constitute shares of our Series
     B preferred stock.  The address of Kayvon Goodarzy is 2700 West
     Coast Highway, Suite 257, Newport Beach, CA 92663.  None of these
     shares are eligible to be converted into the Company's Common
     Stock within 60 days of this Annual Report.

     (7)  All shares referenced herein constitute shares of our common
     stock and includes all shares described in Note 2, above.






                               -42-





Item 12.  Certain Relationships and Related Transactions.

     Pursuant to a Purchase Agreement dated March 7, 2003, the Company, on
March 31, 2003, closed a transaction, whereby it acquired all of the issued
and outstanding shares of common stock, no par value, of Saddleback from
Mr. Parker and six otherwise unaffiliated persons or entities. In exchange
for the shares of Saddleback, we issued 1,500,000 shares of our restricted
common stock, $0.001 par value per share, to Mr. Parker and an aggregate of
1,500,000 shares to such other persons or entities.  As a result of this
transaction, Mr. Parker became the beneficial owner of 44.79% of the issued
and outstanding common stock of the Registrant, the sole class of voting
stock of the Registrant.  As a part of the transaction, on March 31, 2003,
Mr. Parker was appointed to the Board of Directors of the Company and
elected President of the Company.  For further information concerning the
acquisition of Saddleback by the Company, reference is made to our Current
Report on Form 8-K, which was filed with the Securities and Exchange
Commission on March 31, 2003.




















                               -43-






Item 13.  Exhibits and Reports on Form 8-K.

     (a)  Exhibits:  (those items marked with "*" are filed herewith)

 Exhibit
 Number                   Description
 -------                  -----------

 3.1.1     Articles of Incorporation of BigEquip.net, Inc., a Nevada
          corporation, filed with the Secretary of State of the State
          of Nevada on February 14, 2000, and which was filed with the
          Securities and Exchange Commission on December 17, 2001 as
          Exhibit 3a to the Company's Registration Statement on Form
          10-SB, is hereby incorporated by this reference.

 3.1.2     Certificate of Amendment to Articles of Incorporation, filed
          with the Secretary of State of Nevada on February 8, 2002,
          which was filed with the Securities and Exchange Commission
          on February 11, 2002 as Exhibit 3c to the Company's
          Registration Statement on Form 10-SB/A, is hereby
          incorporated by this reference.

 3.1.3     Certificate of Amendment to Articles of Incorporation to be
          filed with the Nevada Secretary of State on March 7, 2003,
          which was filed with the Securities and Exchange Commission
          on February 14, 2003 as Exhibit A to the Company's Schedule
          14C Definitive Information Statement is hereby incorporated
          by this reference.

 3.1.4     Certificate of Designations, Preferences, and Rights of the
          Company's Series A Convertible Preferred Stock, filed with
          the Secretary of State of Nevada on February 19, 2003, which
          was filed with the Securities and Exchange Commission on
          April 10, 2003 as Exhibit 3.2 to the Company's Current
          Report on Form 8-K, is hereby incorporated by this
          reference.

 3.1.5     Certificate of Designations, Preferences, and Rights of the
          Company's Series B Convertible Preferred Stock, filed with
          the Secretary of State of Nevada on February 26, 2003, which
          was filed with the Securities and Exchange Commission on
          April 10, 2003 as Exhibit 3.3 to the Company's Current
          Report on Form 8-K, is hereby incorporated by this
          reference.

 3.2       By-laws of the Company which were filed with the Securities
          and Exchange Commission on December 17, 2001 as Exhibit 3b
          to the Company's Registration Statement on Form 10-SB, is
          hereby incorporated by this reference.

 4.1       2003 Stock Plan, which was filed with the Securities and
          Exchange Commission on February 27, 2003 as Exhibit 4.1 to the
          Company's Registration Statement on Form S-8, is hereby
          incorporated by this reference.





                               -44-




 4.2       2003 Stock Compensation Plan, which was filed with the
          Securities and Exchange Commission on May 7, 2003 as Exhibit 4.1
          to the Company's Registration Statement on Form S-8, is hereby
          incorporated by this reference.

 4.3       Amendment to 2003 Stock Compensation Plan, which was filed
          with the Securities and Exchange Commission on October 7, 2003 as
          Exhibit 4.2 to the Company's Post-Effective Amendment No. 1 to
          Registration Statement on Form S-8, is hereby incorporated by this
          reference.

 4.4       2004 Stock Incentive Plan, which was filed with the
          Securities and Exchange Commission on January 29, 2004 as Exhibit
          10.1 to Registration Statement on Form S-8, is hereby incorporated
          by this reference.


 10.1      Purchase Agreement, dated March 7, 2003, by and between Big
          Equipment Services, Inc. and William R. Parker, which was
          filed with the Securities and Exchange Commission on March
          31, 2003, as Exhibit 99.3 to the Company's Current Report on
          Form 8-K, is hereby incorporated by this reference.

 16.1      Letter of Becker & Company CPAs, dated June 25, 2003,
          concerning its dismissal as independent accountants for the
          Company, which was filed with the Securities and Exchange
          Commission on August 12, 2003, as Exhibit 23 to the Company's
          Current Report on Form 8-K/A, is hereby incorporated by this
          reference.

 31.1      *    Certification pursuant to Section 302 of the Sarbanes-
          Oxley Act of 2002 of William R. Parker, as Chief Executive
          Officer.

 31.2      *    Certification pursuant to Section 302 of the Sarbanes-
          Oxley Act of 2002 of William R. Parker, as Acting Chief
          Financial Officer.

 32.1      *    Certification pursuant to Section 906 of the Sarbanes-
          Oxley Act of 2002 of William R. Parker, as Chief Executive
          Officer.

 32.2      *    Certification pursuant to Section 906 of the Sarbanes-
          Oxley Act of 2002 of William R. Parker, as Acting Chief
          Financial Officer.


 99.1      Press Release by Big Equipment Services, Inc., dated March 6,
          2003, concerning the change of name of the Company to Epic
          Financial Corporation, change of trading symbol and 1-for-20
          reverse split, which was filed with the Securities and Exchange
          Commission on March 6, 2003, as Exhibit 99.2 to the Company's
          Current Report on Form 8-K, is hereby incorporated by this
          reference.





                               -45-




 99.2      Press Release by Big Equipment Services, Inc., dated April 1,
          2003, concerning the acquisition of Saddleback Investment
          Services, Inc. dba American National Mortgage, election of William
          R. Parker as a director and President and change of corporate
          address, which was filed with the Securities and Exchange
          Commission on March 31, 2003, as Exhibit 99.4 to the Company's
          Current Report on Form 8-K, is hereby incorporated by this
          reference.

 99.7      Letter of Intent, dated July 3, 2003, by and between Epic
          Financial Corporation and Richard R. Stenton, concerning the
          proposed acquisition of Mission Equity by the Company, which
          was filed with the Securities and Exchange Commission on
          July 17, 2003, as Exhibit 99.7 to the Company's Current
          Report on Form 8-K, is hereby incorporated by this
          reference.

 99.8      Press Release by Epic Financial Corporation, dated July 17,
          2003, concerning the Letter of Intent, dated July 3, 2003,
          by and between Epic Financial Corporation and Richard R.
          Stenton, which was filed with the Securities and Exchange
          Commission on July 17, 2003, as Exhibit 99.8 to the
          Company's Current Report on Form 8-K, is hereby incorporated
          by this reference.

 99.9      Press Release by Epic Financial Corporation, dated July 28,
          2003, concerning the growth plans of the Company, which was
          filed with the Securities and Exchange Commission on July
          28, 2003, as Exhibit 99.9 to the Company's Current Report on
          Form 8-K, is hereby incorporated by this reference.

 99.10     Press Release by Epic Financial Corporation, dated August
          12, 2003, concerning the Company's alliance with Hermandad
          Mexicana Latinoamericana, Inc., which was filed with the
          Securities and Exchange Commission on August 12, 2003, as
          Exhibit 99.10 to the Company's Current Report on Form 8-K,
          is hereby incorporated by this reference.

 99.11     Residential Mortgage Loan Origination Agreement dated
          September 4, 2003 by and between the Company's wholly owned
          subsidiary, Saddleback Investment Services, Inc., dba American
          National Mortgage and American Premier Bank, which was filed with
          the Securities and Exchange Commission on September 22, 2003, as
          Exhibit 99.11 to the Company's Current Report on Form 8-K, is
          hereby incorporated by this reference.

 99.12     Press Release by Epic Financial Corporation, dated
          September 22, 2003, concerning the Residential Mortgage Loan
          Origination Agreement dated September 4, 2003 by and between the
          Company's wholly owned subsidiary, Saddleback Investment Services,
          Inc., dba American National Mortgage and American Premier Bank,
          which was filed with the Securities and Exchange Commission on
          September 22, 2003, as Exhibit 99.12 to the Company's Current
          Report on Form 8-K, is hereby incorporated by this reference.

 99.13     Press Release by Epic Financial Corporation, dated
          October 21, 2003, concerning the Company's investment in Seven
          Angels Ventures LLC,  which was filed with the Securities and
          Exchange Commission on October 21, 2003, as Exhibit 99.13 to the
          Company's Current Report on Form 8-K, is hereby incorporated by
          this reference.





                               -46-






 99.14     Press Release by Epic Financial Corporation, dated
          October 23, 2003, concerning the Company's investment in Seven
          Angels Ventures LLC,  which was filed with the Securities and
          Exchange Commission on October 22, 2003, as Exhibit 99.14 to the
          Company's Current Report on Form 8-K, is hereby incorporated by
          this reference.

 99.15     Percentage Interest Purchase Agreement by and between
          Epic Financial Corporation and Seven Angels Ventures LLC executed
          October 15, 2003, which was filed with the Securities and Exchange
          Commission on October 30, 2003, as Exhibit 99.15 to the Company's
          Current Report on Form 8-K, is hereby incorporated by this
          reference.

 99.17     Press Release by Epic Financial Corporation, dated
         December 10, 2003, disclosing plans for Epic Financial
         Corporation, Datalogic International and Paramco Financial Group,
         Inc. to develop a proprietary VoIP Video Conferencing system,
         which was filed with the Securities and Exchange Commission on
         December 10, 2003, as Exhibit 99.17 to the Company's Current
         Report on Form 8-K, is hereby incorporated by this reference.

 (b)  Reports on Form 8-K.

    (1)  On August 5, 2003, the Company filed a Current Report on Form
         8-K/A that amended the Current Report on Form 8-K, dated June 16,
         2003, by including the letter of Becker & Company CPAs regarding
         its dismissal as independent accountants for the Company.

    (2)  On August 12, 2003, the Company filed a Current Report on
         Form 8-K disclosing the Press Release of the Company, dated August
         12, 2003, concerning the Company's alliance with Hermandad
         Mexicana Latinoamericana, Inc.,

    (3)  On September 22, 2003, the Company filed a Current Report on
         Form 8-K disclosing the Press Release dated September 22, 2003
         that announced the Residential Mortgage Loan Origination Agreement
         dated September 4, 2003 by and between the Company's wholly owned
         subsidiary, Saddleback Investment Services, Inc., dba American
         National Mortgage and American Premier Bank.  Also included was a
         copy of the relevant agreement.

    (4)  On October 21, 2003, the Company filed a Current Report on
         Form 8-K disclosing the Press Release of the Company, dated
         October 21, 2003, concerning the Company's investment in Seven
         Angels Ventures LLC.

    (5)  On October 22, 2003, the Company filed a Current Report on
         Form 8-K disclosing the Press Release of the Company, dated
         October 23, 2003, concerning the Company's investment in Seven
         Angels Ventures LLC.

    (6)  On October 30, 2003, the Company filed a Current Report on
         Form 8-K concerning the Percentage Interest Purchase Agreement by
         and between Epic Financial Corporation and Seven Angels Ventures
         LLC dated October 15, 2003.

    (7)  On November 18, 2003, the Company filed a Current Report on
         Form 8-K
         disclosing the operating results of Key Mortgage Corporation
         (which at that time was a subsidiary of the Company).

    (8)  On December 10, 2003, the Company filed a Current Report on
         Form 8-K disclosing a Press Release, dated December 10,
         2003, concerning the plans for Epic Financial Corporation,
         Datalogic International and Paramco Financial Group, Inc. to
         develop a proprietary VoIP Video Conferencing system.





                               -47-



Item 14.  Principal Accountant Fees and Services.

     During the past two fiscal years our principal account have billed for
their services as follows (please note that for the 2002 fiscal year the
services were provide for Saddleback Investment Services, Inc. a non-public
entity.  In addition, fees for services related to the audit of the
financial statements of the Company for the period ended October 31, 2003
as contained in this Annual Report are not included because they were not
incurred until after the ended of the fiscal year).

                                        Fiscal year
                                   2002           2003
                                   -------------------
     (1)  Audit Fees:              $12,500      $5,000

     (2)  Audit-Related Fees:        -0-         -0-

     (3)  Tax Fees:                  -0-         -0-

     (4)  All Other Fees             -0-         -0-

     (5) (i)  The Company's Board of Directors, acting in lieu of an Audit
       Committee, requires that, prior to the engagement of the Company's
       principal accountant to audit the financial statements of the
       Company or to perform other Audited Related or Non-Audit Related
       services, the engagement be reviewed to consider the scope of
       services to be rendered and the expected fees to be charged by the
       principal accountant in connection with rendering such services.
       (ii) Not applicable.

     (6)  Not applicable.


















                               -48-






                            SIGNATURES

     In accordance with Section 13 or 15(d) of the Securities Exchange Act
of 1934, the registrant caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

Registrant:              EPIC FINANCIAL CORPORATION


                    By:  /s/ William R. Parker
                         ---------------------------
                         William R. Parker
                         President and Chief Executive Officer

     In  connection with the Securities Exchange Act of 1934,  this  report
has  been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.



Date:     February 13, 2004                 /s/ William R. Parker
                                            ----------------------
                                            William R. Parker
                                            President and Chief Executive
                                            Officer
























                               -49-