**SECURITIES AND EXCHANGECOMMISSION****WASHINGTON, D.C. 20459**

**FORM 10-KSB**

**( X) Annual Report Pursuant to Section 13 or 15(d) of theSecurities and****Exchange Act of 1934.**

**For the Year Ended December 31, 2001**

**Commission File Number: 333-34686**

**PR SPECIALISTS, INC.****(Exact name of Registrant asspecified in its Charter)**

| **DELAWARE****(State of or other jurisdictionof****incorporation or organization)** | **95-4792965****(IRS Employer I.D.  No.)** |
|-------------------------------------------------------------------------------------|--------------------------------------------|

**6041 Pomegranate Lane, Woodland Hills, California91367****Address of Principle Executive Offices:**

**(818) 992-7999****Registrant's telephone number,including area code:**

**None****Securities registered pursuant to Section12(b) of the Act:**

**Common Stock, $.001 Par Value****Securitiesregistered pursuant to Section 12(g) of the Act:**

Indicate by check mark whether the registrant (1) has filed all reportsrequired to be filed by 7 Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months  (or for such other shorter period that theregistrant was required to file such reports),  and (20 has been subject to suchfiling requirements for the past 90 days. _X_ Yes ___No 

Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of Regulation S-B is not contained herein and will not be contained, to thebest of registrant’s knowledge, in definitive proxy or informationstatements incorporated by referencing Part III of this Form 10-KSB or anyamendment to this Form 10-KSB. _X__ 

Issuer's revenues for the most recent fiscal year: $4,254

The aggregate market value of the voting stock held by non-affiliates of theregistrant at   March 31, 2002 was $576,000.  Shares of common stock held byeach officer and director and by each person who owns more that 5% of theoutstanding common stock has been excluded in that such persons may be deemed tobe affiliates.  This determination of affiliate status is not necessarily aconclusive determination for other purposes.

Indicate the number of shares outstanding of each of the issuer's classes ofstock, as of March 31, 2002. 5,034,000 Common Shares 

Documents Incorporated By Reference - NONE

Transitional small business disclosure format. ___ Yes _X_No 

PR Specialists, Inc.**FORM 10 - KSB**

Table of Contents

| **PART I.**  |                                                                                                                        |    |
|--------------|------------------------------------------------------------------------------------------------------------------------|----|
|              | ITEM 1. Description of Business                                                                                        | 3  |
|              | ITEM 2. Properties                                                                                                     | 6  |
|              | ITEM 3. Legal Proceedings                                                                                              | 6  |
|              | ITEM 4. Submission of Matters to a Vote of Security Holders                                                            | 6  |
| **PART II**  |                                                                                                                        |    |
|              | ITEM 5. Market for the Common Equity and Related Stockholder Matters                                                   | 6  |
|              | ITEM 6. Plan of Operation                                                                                              | 7  |
|              | ITEM 7. Financial Statements                                                                                           | 11 |
|              | ITEM 8. Changes In and Disagreements With Accountants on Accounting andFinancial Disclosures                           | 20 |
| **PART III** |                                                                                                                        |    |
|              | ITEM 9  Directors, Executive Officers, Promoters and Control Persons;Compliance with Section 16(a) of the Exchange Act | 20 |
|              | ITEM 10 Executive Compensation                                                                                         | 20 |
|              | ITEM 11 Security Ownership of Certain	 

Beneficial Owners and Management                                              | 20 |
|              | ITEM 12 Certain Relationships and Related Transactions                                                                 | 21 |
|              | ITEM 13 Exhibits, Financial Statement	 

Schedules and Reports on Form 8-K                                             | 21 |
|              | Signatures                                                                                                             | 21 |
|              |                                                                                                                        |    |

**PART I.**

**ITEM 1 - DESCRIPTION OF BUSINESS**

General description:

We publish Boxing.com and provide publicity services for small tomedium-sized companies. 

1. Principal products or services and their markets:

Boxing.com

Boxing.com is a leading destination for boxing enthusiasts and fans thatprovides a convenient and informative source for the latest Boxing News,Information, Event Schedules, Rankings, Products and Services. The site givesmembers an interactive experience with real-time Chat and Message Board.  Avariety of merchandising and marketing opportunities allow vendors andadvertising partners to take advantage of an audience of active, online buyers.Our president is the designer, editor and publisher of Boxing.com.

News. Boxing.com publishes up-to-the-minute boxing news as provided bywriters and other boxing experts who contribute original content to the site.These articles include news about upcoming events, interviews, results,analysis, commentary and profiles of boxers.

Press Releases. The site publishes press releases provided by promoters,matchmakers, publicists, and other sources in the boxing industry.

Columnists. Several regular columnists contribute weekly articles aboutboxing. 

Message Board.  Members can use this feature to publicly exchange messagesabout boxing.  Over 25,000 new messages are posted each month. 

Photo Gallery.  This feature displays about 300 photos of recent boxingmatches, fighters and celebrities. New photos are contributed by freelancephotographers and boxing publicists. 

Chat Rooms.  Members can enter “real time” chat rooms toexperience live communications with other boxing fans.

Boxing Schedules.  The site includes a list of upcoming boxing matches aroundthe world.

Merchandise. Books and videos related to boxing are sold through an affiliateprogram with Amazon.com.

Betting Odds.  The current betting odds for upcoming fights are available.This information is provided by SportsBetting.com, which also pays Boxing.com acommission on winning bets placed through our site.

Newsletter.  A free newsletter is sent to those who register.  The newslettercontains a summary of recent news with clickable links to the articles on theBoxing.com web site.

Newsletter Registration.  Users who register for the free newsletter areoffered various opt-in opportunities. This feature is managed by Aptimus, whopays Boxing.com a commission on opt-in selections.

Advertising Opportunities. Boxing.com was designed to accommodate a widevariety of ads sizes including standard banners, button ads, and skyscrapers.Ad space is also available in our newsletter

Publicity Services

- Strategy consulting. We conduct a thorough study of a client's marketinggoals to determine the ways in which publicity solutions can be used to helpachieve these goals.  We would deliver our recommendations, which would definethe strategic basis for a comprehensive publicity solution that takes intoaccount the client's budget, timeline and available resources. 

- Publicity plan.  We translate the client’s marketing goals into aplan that utilizes various publicity techniques to meet the client’srequirements.  Our objective is to provide a complete, effective, publicitysolution that can be implemented by a team of specialists to produce maximumeditorial exposure and achieve the desired results. 

- Press  releases.  Once the positioning of the client business and productsis determined, contact is made with appropriate editorial contacts in the media.Press releases are written and distributed to editors using various distributionmethods including PR Newswire,  BusinessWire, Internet Wire, e-mail, hard copy,or telephone.  Using this combination of distribution techniques ensures thateach release will be seen by thousands of editorial contacts at newspapers,magazines, trade journals, Internet news sites, radio and television.  We mayalso use other external sources that provide unique story placement or technicalcapabilities such as video news releases. 

- Post-release support.  Includes coordination of all follow-up mediarequests for additional information such as specifications, artwork, surveys,white papers, background information, photos and interviews with the client.This support ensures that the editors and reporters have everything they need tofinish the story on deadline. 

- Press  kits.  We help clients design a press kit containing current pressreleases, advisories, background information, biographies and photos. 

- Editorial contact database.  We maintain a master media list of alleditors, reporters, reviews and analysts. These names are cross-referencedaccording to editorial focus.  We also track the ongoing activity of each editorwith each client. Names are updated frequently based on input from trade showregistration lists, media guides, online sources and current magazine mastheads.

- Editorial calendars.  We analyze the editorial calendars of magazines andnewspapers to identify upcoming articles that can include coverage for ourclients. This will ensure that the client is included in all articles related tothe client's business. 

- New product announcements.  We obtain editorial coverage in keypublications for our clients' new products to help ensure a successful rollout.

- Product reviews. We identify editorial opportunities for our clients'products and services to ensure that they are included in product reviews,comparisons, and first look articles.  We coordinate these reviews, providingsupport and fact-checking during the product evaluation process. 

- Trade show support.  We coordinate the press activities for our clients attrade shows and other events.  We mail press advisories, create press kits,schedule appointments with editors, and coordinate other editorial eventsrelated to the show. 

- Clipping  services.  We use a variety of clipping services and onlinesearches to locate articles that mention our client. These articles representsome of the tangible results of our work. Articles will be compiled into aclipping book for the client. 

- Web site promotion.  We work with clients to develop a strategy forachieving online marketing objectives by increasing web site traffic,strengthening brand awareness and generating sales leads. 

2.	Distribution methods of the products or services:

Boxing.com

Traffic to Boxing.com has increased from 400,000 page views in October 2001to its current average monthly rate of 1.5 million page views.  This increasewas accomplished using a variety of techniques.

Cross-links.  Boxing.com exchanges links and banner ads with other boxing andsports sites on the Internet.  We currently have over 1,500 incoming links fromother web sites.

Syndication.  We have a syndication agreement with Moreover.com, a newssyndication service.  When a new article is published on Boxing.com, theheadline appears on Moreover’s boxing news feed.  This feed is offeringfree by Moreover to sports news sites.  Clicking on a headline brings the userback to Boxing.com to read the article.

Search Engines.  Entering the word “boxing” in Google.com, theleading search engine, displays Boxing.com in the #1 position (out of 2,340,000matches).

News briefs.  We often provide other smaller boxing sites with the firstparagraph of a breaking news story, followed by a link to read the completestory at Boxing.com.

Type-in traffic.  Boxing.com is often the first choice of anyone looking forboxing news on the Internet.

Publicity

   Although our focus is on publishing Boxing.com, we continue to promote ourpublicity services via our web site.  Currently, we do not have any payingclients, and our president handles our marketing.

   When a prospective client is interested in working with us, we willanalyze which portions of its marketing and publicity we can support.Throughout this analysis, we would work with the prospective client to negotiateterms of a service agreement.  Clients are expected to enter into short-termagreements with us. Our goal through this process is to demonstrate ourcapability to provide valuable publicity, and to obtain a longer-term serviceagreement with the client. 

   Our marketing efforts are dedicated to demonstrating the benefits ofpublicity, and the effectiveness of our organization in providing completepublicity solutions, to key decision makers in client organizations.  Ourmarketing efforts are focused on general communications and on obtainingreferrals from our existing clients.  In the future, we may participate in tradeconferences and industry forums, and advertise in business publications.

3.	Status of any publicly announced new product or service:

	Boxing.com began publishing on October 5, 2001.  In the past five months,traffic to Boxing.com has increased from 400,000 page views to its currentmonthly rate of 1.5 million page views.  Initial monthly sales of advertisinghave been in the range $1000-$3500 with new potential advertisers beingidentified each week. There is no guarantee that we will get contracts for newadvertisers.  

Other revenue sources such as betting commissions, sales of books and videosand opt-in registration commissions are generating up to $500 a month.  We areevaluating other methods of driving traffic that may increase these revenuestreams.

4.	Competitive business conditions and the small business issuer'scompetitive position in the industry and methods of competition:

Boxing.com

Although competitive traffic statistics are difficult to obtain, we believethat we are already one of the top three independent boxing web sites. Ourmessage board has over twice the new daily messages of our nearest competitor,and we have more incoming cross-links (1,500) than any other boxing site. Ourlargest competitor is MaxBoxing.com which has a cross-promotional agreement withESPN.

We intend to explore possible cross-promotional relationships with TVnetworks and other boxing entities such as promoters and individual fighters.

Web traffic to Boxing.com is directly affected by the number of major boxingmatches currently scheduled. Although we are still experiencing record traffic,and there are several boxing matches taking place around the world almost everyday, there has not been a major boxing event (one of great interest to thegeneral public) since January, 2002. Many major boxing matches, such as MikeTyson vs. Lennox Lewis have been postponed one or more times. The delays are outof our control and can affect traffic and revenue generated by the site.

Publicity Services

   The market for Internet publicity services is relatively new, intenselycompetitive, rapidly evolving and subject to rapid technological change.  Weexpect competition to persist, intensify and increase in the future. Some of ourlarger competitors include other publicity service firms such as Ogilvy,Edelman, Nautilus and PAN Communications. Some of these competitors offer a fullrange of Internet publicity services and several others have announced theirintention to do so. 

   There are relatively low barriers to entry into our business. For example,we have no significant proprietary technology that would preclude or inhibitcompetitors from entering the Internet publicity services market. We expect toface additional competition from new entrants into the market in the future.Existing or future competitors could develop or offer services that providesignificant performance, price, creative or other advantages over those offeredby us. 

   We believe that the principal competitive factors in our market arestrategic expertise, editorial contacts, creative skills, brand recognition, andeffectiveness of the delivered publicity solution, client service and price.Most of our current and potential competitors have longer operating histories,larger installed client bases, and longer relationships with clients andsignificantly greater financial, technical, marketing and public relationsresources than we have and could decide at any time to increase their resourcecommitments to our market. In addition, the market for Internet publicitysolutions is relatively new and subject to continuing definition, and, as aresult, the core business of many of our competitors may better position them to

Compete in this market as it matures.  Competition of the type describedabove could materially adversely affect our business, results of operations andfinancial condition. 

5.	Sources and availability of raw materials and the names of principalsuppliers:

Our business provides a service that is primarily reliant on retainingqualified public relations specialists. We believe that we those persons areavailable as needed.

6.	Dependence on one or a few major customers:

	None.

7.	Patents, trademarks, licenses, franchises, concessions, royalty agreementsor labor contracts, including duration:

	None.

8.	Need for any government approval of principal products or services:

	None.

9.	Effect of existing or probable governmental regulations on thebusiness:

We do not currently face direct regulation by any governmental agency, otherthan laws and regulations generally applicable to businesses. 

10.	Estimate of the amount spent during each of the last two fiscal years onresearch and development activities:

	None.

11.	Costs and effects of compliance with environmental laws (federal, stateand local):

None.

12.	Number of total employees and number of full time employees:

We have one full time employee. From time to time, we will employ additionalindependent   contractors to support our development, technical, marketing,sales, support   and   administrative organizations.  Competition for qualifiedpersonnel in the industry in which we compete is intense.  We believe that ourfuture success will depend in part on our continued ability to attract, hire oracquire and retain qualified employees.

**ITEM 2 - PROPERTIES**

We have our corporate   headquarters   in Woodland   Hills, California.Substantially all of our operating activities are conducted from 200 square feetof office space provided by our president at no charge.  We believe thatadditional space will be required as our business expands and believe that wecan obtain suitable space as needed. We do not own any real estate.

**ITEM 3 - LEGAL PROCEEDINGS**

****NONE 

**ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

****NONE 

**PART II.**

**ITEM 5 - MARKET FOR THE COMMON EQUITY AND RELATED STOCKHOLDER MATTERS**

Our common stock is quoted on the OTC Bulletin Board.  The table belowsummarizes the high and low bid quotations

for our common stock since our listing started in July 2001. These quotationsreflect inter-dealer prices, without retail mark-up, markdown or commissions,and may not represent actual transaction.  All historical data was obtained fromthe NASDAQ web site.

Summary Of Quarterly High & Low Prices Of CommonStock

| QUARTER          | HIGH BID | LOW BID |
|------------------|----------|---------|
| 3rd Quarter 2001 | $.51     | $.15    |
| 4th Quarter 2001 | $.51     | $.20    |

	As of December 31, 2001, there were 50 owners of record of our common stock.

	We have never paid or declared any dividends.  The declaration and/orpayment of dividends, if any, in the future is within the discretion of ourBoard of Directors, and will depend upon our earnings, capital requirements andfinancial condition, and other relevant factors.  We do not expect to declareand/or pay dividends in the foreseeable future.**ITEM 6 - PLAN OFOPERATION**

General discussion.

We began implementing phases of its business plan in March 2000.  Wepurchased the domain name www.PRspecialists.com, developed our initial web siteand have developed a database of over 3,000 editorial contacts in various media.The costs for providing the nominal services are not material and are includedwithin the professional services item of our financial statements. 

Our web site presents a variety of information that we believe will be ofinterest to future customers.  We provide several categories of information,including: 

- Our services - information about the publicity services we offer 
- Rates - a section for potential customers to obtain quotes from us 
- Benefits of publicity - the benefits of publicity and advantages of using itto promote web sites and products 
- About us - a description about us and our background
- Employment - an explanation of the types of employees we are seeking 
- News  - current information about us 
- Contact us - our address, phone/fax number and email address
- Samples - we show examples of publicity that has appeared in variousprominent magazines and newspapers. 

We believe that the most important portion of our web site is the sectionthat displays examples of publicity that have been generated by our president.The samples demonstrate the wide range of editorial contacts that we posses andour ability to pitch stories to the media. Our publicity examples include frontpage articles on magazines, full-page articles in newspapers, announcements ofnew products, product reviews, and scans of our clients appearing on CNN andother TV stations. 

As a result of the initial samples, we have been able to identify severalindividuals and entities that were interested in us to publicize their businessand in some cases create and host their web sites.  In return for not chargingthem for our nominal services, each has agreed to serve as a reference for us,which we believe, will help us in getting paying customers.  One such client isan entertainment site created by PR Specialists for former San FranciscoChronicle columnist Jim Brachman at  http://www.Brachman.com.  Other clientsinclude DigitalPayloads, DigitalXposure and Fightnews.com for which we haveprovided various consulting services pertaining to their PR strategies.  Thecosts for providing the nominal services are not material and are includedwithin the professional services item of our financial statements. 

Based upon our samples and our references, we have had several early-stagediscussions with individuals that are considering hiring us to publicize theirproducts and services. The discussions are ongoing, have not led to any contractas of the date of this date and we can not assure you that they will lead to anyrevenues. 

Since early March 2000, we began to identify publicists that could beretained as contractors or full-time employees.  Other small companies have beenidentified for strategic relationships or possible acquisitions due to thecomplementary nature of their business and their desirable client base.  Basedupon our recent conversations with qualified individuals, we are comfortablethat we can secure appropriate publicists and account representatives as neededand in an economical manner, to satisfy a wide variety of possible publicistprojects from future clients.  To date, we have not retained any contractors oremployees (other than our president). We plan to continue to identify suitablepublicists so that we have a wide range to select from we need them. 

On September 14, 2001, we signed an agreementwith Communicate.com to lease, with an option to purchase, the Internet domainname Boxing.com.  As a result thereof, we changed our primary focus whereby webegan to  publish Boxing.com so that we could attempt to take advantage ofnumerous merchandising and marketing opportunities that the site offers.Boxing.com is a leading destination for boxing enthusiasts and fans thatprovides a convenient and informative source for the latest Boxing News,Information, Event Schedules, Rankings, Products and Services. The site givesmembers an interactive experience with real-time Chat and Message Board.   Thefollowing are a few of the potential revenue sources that the site offers forus:

- Merchandise. Books and videos related to boxing are sold through anaffiliate program with Amazon.com.
- Betting Odds.  The current betting odds for upcoming fights are available.This information is provided by SportsBetting.com, which also pays Boxing.com acommission on winning bets placed through our site.
- Newsletter Registration.  Users who register for the free newsletter areoffered various opt-in opportunities. This feature is managed by Aptimus, whopays Boxing.com a commission on opt-in selections.
- Advertising Opportunities. Boxing.com was designed to accommodate a widevariety of ads sizes including standard banners, button ads, and skyscrapers.Ad space is also available in our newsletter.

	Also, in April of 2002, we entered into an Agreement and Plan of ShareExchange with Servitrust Corp. (Servitrust”), whereby we intend to acquireall of the outstanding capital stock of Servitrust in exchange for 10,000,000shares of our common stock (see Material Agreements).  Servitrust is a privatelyheld, development stage, low cost, fulfillment-servicing corporation thatintends to provide communication, asset based services and collections, as wellas high level in-bound and out-bound call center capabilities to financialinstitutions and the business industry throughout the world.  ServiTrust expectsto establish a low-cost platform primarily located outside of the U.S. whichwill be staffed by a highly educated, but less compensated workforce, usingstate of the art reliable systems and communication capabilities.

Revenues

We have generated only $16,394 of revenues since incorporation (approximately$9,000 of these revenues resulted from barter transactions which did not resultin us receiving cash for our services). We intend to generate additional revenuesources as follows:

- By offering a range of services to generate publicity that will help clientspromote their businesses, In each consulting engagement, the client can contractfor the specific services it requires, depending on the nature of the engagementand the capabilities of the client's organization.  We intend to bill themajority of our engagements on a time and materials basis, although we alsointend to deliver solutions on a fixed-price basis. 
- By taking advantage of numerous merchandising and marketing opportunitiesthat the Boxing.com site offers. 

Boxing.com began publishing onOctober 5, 2001.  In the past five months, traffic to Boxing.com has increasedfrom 400,000 page views to its current monthly rate of 1.5 million page views.Initial monthly sales of advertising have been in the range $1000-$3500 with newpotential advertisers being identified each week.

- By providing communication, asset based and collection services, as well ashigh level in-bound and out-bound call center capabilities services, tofinancial institutions and the business industry throughout theworld.

Cost of revenues 

As we grow and expand into other markets, our operating expenses willincrease in connection with building and maintaining our team of publicists.  Inaddition, selling, general and administrative expenses will increase asnecessary to support our growth. 

Publicity expenses will consist primarily of compensation for publicists thatprovide us with creative writing,  editorial  contacts and the skills to pitchstories to the media. We expect to significantly increase our publicist, salesand support staff expenses in absolute dollars as we secure new clients. Some ofthese expenses may be paid through the issuance of shares**.**

Sales and  marketing  expenses  will consist  primarily of  compensation  foraccount  executives,  travel,  public  relations, sales and  other  promotionalmaterials, trade shows, advertising,  and other sales and marketing programs. Weexpect to  continue  to increase  our sales and  marketing  expenses in absolutedollars  in  future  periods  to  promote  our  brand,  to pursue  our  businessdevelopment  strategy and to increase the size of our sales force. Some of theseexpenses may be paid through the issuance of shares. 

General and administrative expenses will consist primarily of compensationfor personnel and fees for outside professional advisors. We expect that generaland administrative expenses will continue to increase in absolute dollars infuture  periods as we  continue to add staff and  infrastructure  to support ourexpected  domestic  and  international  business  growth and bear the  increasedexpense  associated with being a public  company.  Some of these expenses may bepaid through the issuance of shares. 

We anticipate that we will incur net losses for the foreseeable future.  Theextent of these losses will be contingent, in part, on the amount of net revenuegenerated from clients. There can be no assurance that our operating losses willnot   increase  in  the  future  or  that  we  will  ever   achieve  or  sustainprofitability. 

Limited operating history 

As a result of our  limited operating  history,  it is difficult to predictfuture operating results.  We do not believe that you should rely on our currentoperating results to predict our future performance.  Rather, you shouldconsider our prospects in light of the risks, expenses and difficultiesencountered by companies in new and rapidly evolving markets. Accordingly, ouranticipated expense levels in the future are based in part on our expectationsas to future revenue.  We expect that these expense levels will become, to alarge extent, fixed. Revenues and operating results generally will depend on thevolume of, timing of and ability to complete transactions, which are difficultto forecast.  In addition, there can be no assurance that we will be able toaccurately predict our net revenue, particularly in light of the intensecompetition for public relations, our limited operating history and theuncertainty as to the broad acceptance of the web and Internet, or the newservices and products we intend to offer.  We may be unable to adjust spendingin a timely manner to compensate for any unexpected revenue shortfall or otherunanticipated changes in our industry. Any failure by us to accurately makepredictions could have a material adverse effect on our business, results ofoperations and financial condition.  Our fiscal year ends December 31. 

Results of operations 

Year ended December 31, 2001

For the year ended December 31, 2001, we generated $4,254 in operatingrevenues and incurred a net loss of approximately $89,200.  Our expensesconsisted primarily of employee compensation of $65,000, of which $59,583 wasnon-cash, and professional fees of approximately $23,800.

For the period March 21, 2000 to December 31, 2000

		For the period March 21, 2000 to December 31, 2000, we generated revenuesof $12,140 (approximately $9,000 of which resulted from non-cash bartertransactions) and incurred a net loss of approximately $1,004,200. Our expensesconsisted primarily of stock based compensation and consulting fees of $900,000and $37,400, respectively (the value of these services was based on the number,and fair value, of shares issued ($.20 per share based on the price at whichother shares were being offered at the time the services were rendered) andnon-cash employee compensation of $48,750.  We also incurred certainorganizational costs including accounting, incorporation and state fees as wellas the purchase of office supplies and communications expenses.  

		The results of operations for the year ended December 31, 2001 and theperiod March 21, 2000 to December 31, 2000 may not be indicative of the resultsfor any future interim period. We expect to expand our business  and clientbase,  which will require us to increase our sales and marketing  and to hireadditional  employees,  which will result in  increasing expenses. 

Liquidity and capital resources 

Our outlays for  operating  and financingactivities have exceeded our cash flow from operations as we have been  buildingour  business.  During the year ended December 31, 2001 and for the period March31, 2000 to December 31, 2000, we used cash of approximately $53,700 and$16,500, respectively, for operating and financing activities. These cashoutlays were funded  primarily  by $69,400 of contributed capital.  At December31, 2001, we had  $5,575 of cash. 

****

****Exclusive of any expenditures we incur in connection with mergers oracquisitions after December 31, 2001 (including the potential purchase of theBoxing.com website) we expect to make expenditures of at least $130,000 duringthe fiscal year ended December 31, 2002. These expenditures will be used for website development, recruiting employees,  payroll, sales and marketing, leasingof the Boxing.com website and for general working capital.   Because we onlyhave approximately $5,000 in cash at December 31, 2001, we need to raise atleast $125,000 through sales of our stock or debt financing to maintain ouroperations for the next year.  Otherwise, we will not remain a viable goingconcern and investors may lose their entire investment. 

Material agreements 

To date, we have not entered into any material arrangements with anycorporate customer.   The following material agreements have been signed sinceour inception. 

In March 2000, we entered into a one-year employment agreement with ourpresident. If the agreement becomes effective, our president will be compensatedat the rate of $65,000 per year. The agreement does not become effective untilthe earlier of (1) the date mutually agreed to by our president and us or (2)two weeks following the date on which we have received more than $100,000 of“gross investment capital”, or when our revenues are sufficient toprovide for a full or partial salary to him.  Alternatively, if we complete theServitrust acquisition discussed below, this agreement will be amended wherebythe term of the officers’ employment contract will be from the date ofclosing to the period six months thereafter, with an annual salary of  $60,000.

On June 20, 2001, we engaged a financial consulting firm to act as ourfinancial advisor, and to furnish investment banking services to us.  Theagreement, which may be canceled by either party at any time upon 10 dayswritten notice, is for a term of one year, and requires us to pay totalconsideration of $10,000.  As of December 31, 2001, we have paid $7,500 underthis arrangement.  

On September 14, 2001, we signed an agreement with Communicate.com to lease,with an option to purchase, the Internet domain name Boxing.com.  The lease termis for a period of twelve months and requires total payments of $55,000, ofwhich $25,000 was paid at closing.  The remaining $30,000 was paid in March2002.  In addition, we have the option to purchase the Internet domain nameBoxing.com for total additional consideration of $525,000, or at the option ofCommunicate.com, 525,000 shares of our common stock. If we elect to purchase theaforementioned domain name, we will be required to pay (1) $250,000 (or issue250,000 shares of our common stock) no later than October 29, 2002 and (2)$275,000 (or issue 275,000 shares of our common stock) no later than April 28,2003.

We have entered into an “Agreement and Plan of Share Exchange”(the “Agreement”) with Servitrust Corp., a privately held,database-driven inbound and e-care telemarketing company.  Pursuant to the termsof the Agreement, we will acquire all of the outstanding capital stock ofServiTrust in exchange for 10,000,000 shares of our common stock.  If thetransaction is completed as specified in the Agreement, the shareholders ofServitrust will own and control approximately two-thirds of our outstandingcommon stock immediately after the combination.  Because of this, thecombination will be treated as a reverse acquisition with us being treated asthe acquiree.  Accordingly, Servitrust will be considered to be the survivinglegal entity and will succeed to the name of PR Specialists, Inc. 

In addition, if the transaction is closed, certain shareholders of Servitrustwill have the opportunity to (i) acquire from our president, up to 3,000,000shares of the common stock he currently owns in us for a price of $0.10 pershare; and (ii) acquire up to 1,350,000 shares of the common stock that anotherone of our stockholders owns in us for a price of $0.10 per share.  

**CAUTIONARY STATEMENT**

		This  Form  10-KSB,   press  releases  and  certain  information  providedperiodically  in writing or orally by our  officers or its agents containstatements  which  constitute  forward-looking  statements  within  the meaningof Section 27A of the Securities  Act, as amended and Section 21E of theSecurities Exchange Act of 1934. The words expect, anticipate, believe, goal,plan, intend, estimate and similar expressions and variations thereof if usedare intended to specifically identify  forward-looking   statements.   Thosestatements appear in a number of places in this Form 10-KSB and in other places,particularly, Plan, and include statements regarding the intent, belief orcurrent expectations of our management, directors or officers with respect to,among other things:  (i) our liquidity and capital resources;  (ii) ourfinancing opportunities and plans  and (iii) its  future performance  andoperating  results.  Investors and prospective investors are cautioned that anysuch forward-looking statements are not guarantees of future performance andinvolve risks and uncertainties, and that actual  results may differ  materiallyfrom those projected in the  forward-looking  statements as a result of  variousfactors.  The  factors that might  cause  such  differences include,  amongothers:  (i)  any  material  inability  by us to successfully  identify,consummate  and  integrate the  acquisition  of finance receivables atreasonable and anticipated  costs, (ii) any material inability by us tosuccessfully  develop our products;  (iii) any adverse effect or limitationscaused by governmental  regulations;  (iv) any adverse effect on our cash flowand ability to obtain acceptable financing in connection with our growth plans;(v) any increased  competition in business;  (vi) any inability of us tosuccessfully  conduct our business in new markets; and (vii) other risksincluding those identified in our filings with the SEC. We undertake noobligation to publicly  update or revise  the  forward  looking  statementsmade in this Form 10-KSB, to reflect events or circumstances after the date ofthis Form 10-KSB or to reflect the occurrence of unanticipated events. 

**ITEM 7 - FINANCIAL STATEMENTS**

**PR Specialists, Inc.**

(A Development Stage Enterprise)

**TABLE OF CONTENTS**

|                                                                                                                                                                                            | PAGE |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|
| INDEPENDENT AUDITORS’ REPORT                                                                                                                                                         | 12   |
| FINANCIAL STATEMENTS:                                                                                                                                                                      |      |
|    Balance Sheet as of December 31, 2001                                                                                                                                    | 13   |
|    Statements of Operations for the year ended December 31,2001 and for   

       the periods March 21, 2000 (date of incorporation) to December 31,

       2000 and 2001 | 14   |
|    Statements of Stockholders’ Equity for the year endedDecember 31, 2001

      and for the period March 21, 2000 (date of incorporation) toDecember

      31, 2000 | 15   |
|    Statements of Cash Flows for the year ended December 31,2001 and for

     the periods March 21, 2000 (date of incorporation) to December 31,

     2000 and 2001        | 16   |
|    Notes to Financial Statements                                                                                                                                            | 17   |

[Letterhead of Kingery, Crouse & Hohl, P.A.]

#### 

#### ***INDEPENDENT AUDITORS’REPORT***

*To the Board of Directors and Stockholders of PR Specialists,Inc.:*

*We have audited the accompanying balance sheet of PR Specialists, Inc.(the “Company”), a development stage enterprise, as of December 31,2001, and the related statements of operations, stockholders’ equity andcash flows for the year then ended, and for the periods March 21, 2000 (date ofincorporation) to December 31, 2000 and 2001.  These financial statements arethe responsibility of the Company’s management.  Our responsibility is toexpress an opinion on these financial statements based on our audits.*

*We conducted our audits in accordance with auditing standards generallyaccepted in the United States of America.  Those standards require that we planand perform the audits to obtain reasonable assurance about whether thefinancial statements are free of material misstatement.  An audit includesexamining on a test basis, evidence supporting the amounts and the disclosuresin the financial statements.  An audit also includes assessing the accountingprinciples used and the significant estimates made by management, as well as theoverall financial statement presentation.  We believe our audits provide areasonable basis for our opinion.*

*In our opinion, the financial statements referred to above present fairly,in all material respects, the financial position of the Company as of December31, 2001, and the results of its operations and its cash flows for the year thenended, and for the periods March 21, 2000 (date of incorporation) to December31, 2000 and 2001, in conformity with accounting principles generally acceptedin the United States of America.*

*The accompanying financial statements have been prepared assuming that theCompany will continue as a going concern.  As discussed in Notes A and B to thefinancial statements, the Company is in the development stage and will require asignificant amount of capital to commence its planned principal operations andproceed with its business plan.  As of the date of these financial statements,there is no assurance that the Company will be successful in its efforts toraise the necessary capital to commence its planned principal operations and/orimplement its business plan. These factors raise substantial doubt about theCompany’s ability to continue as a going concern.  Management’splans in regard to this matter are described in Note B.  The financialstatements do not include any adjustments that might result from the outcome ofthis uncertainty.*

*Kingery, Crouse & Hohl, P.A.*

*April 12, 2002*

#### *Tampa, FL*

**PR Specialists, Inc.**

(A Development Stage Enterprise)

BALANCE SHEET AS OF DECEMBER 31, 2001

| ASSETS                                                                                                                         |
|--------------------------------------------------------------------------------------------------------------------------------|
| CURRENT ASSETS:                                                                                                                |  |
|    Cash and cash equivalents                                                                                    | $      5,575 |
| Prepaid assets                                                                                                                 | 21,728 |
|                                                                                                                                |  |
| Total                                                                                                                          | $    27,303 |
|                                                                                                                                |  |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                     |
| LIABILITIES:                                                                                                                   |  |
| Advances from stockholder                                                                                                      | $      1,610 |
| Payroll taxes payable                                                                                                          | 1,876 |
|                                                                                                                                |  |
| Total liabilities                                                                                                              | 3,486 |
|                                                                                                                                |  |
| STOCKHOLDERS’ EQUITY:                                                                                                    |  |
|    Preferred stock - $0.001 par value; authorized 5,000,000common shares; no shares issued and outstanding      | - |
|    Common stock - $0.001 par value; authorized 20,000,000common shares; 5,034,000 shares issued and outstanding | 5,034 |
| Additional paid-in capital                                                                                                     | 1,112,183 |
|    Deficit accumulated during the development stage                                                             | (1,093,400) |
|                                                                                                                                |  |
|           Totalstockholders’ equity                                    | 23,817 |
|                                                                                                                                |  |
| Total                                                                                                                          | $     27,303 |

See notes to financial statements. 

**PR Specialists, Inc.**

(A Development Stage Enterprise)

STATEMENTS OF OPERATIONS

|                                                    |   | For the Year Ended December 31, 2001 |   | For the Period March 21, 2000 (date of incorporation) toDecember 31, 2000 |   | For the Period March 21, 2000 (date of incorporation) toDecember 31, 2001 |
|----------------------------------------------------|---|--------------------------------------|---|---------------------------------------------------------------------------|---|---------------------------------------------------------------------------|
|                                                    |   |                                      |   |                                                                           |   |                                                                           |
| REVENUES                                           | $ | 4,254                                | $ | 12,140                                                                    | $ | 16,394                                                                    |
|                                                    |   |                                      |   |                                                                           |   |                                                                           |
| EXPENSES:                                          |   |                                      |   |                                                                           |   |                                                                           |
| Stock based compensation - related party           |   | -                                    |   | 900,000                                                                   |   | 900,000                                                                   |
| Stock based consulting fees                        |   | -                                    |   | 37,400                                                                    |   | 37,400                                                                    |
| Employee compensation                              |   | 65,000                               |   | 48,750                                                                    |   | 113,750                                                                   |
| Professional fees                                  |   | 23,758                               |   | 12,202                                                                    |   | 35,960                                                                    |
| Marketing                                          |   | -                                    |   | 8,950                                                                     |   | 8,950                                                                     |
| Other                                              |   | 4,739                                |   | 8,995                                                                     |   | 13,734                                                                    |
|                                                    |   |                                      |   |                                                                           |   |                                                                           |
|       Total expenses |   | 93,497                               |   | 1,016,297                                                                 | $ | 1,109,794                                                                 |
|                                                    |   |                                      |   |                                                                           |   |                                                                           |
| NET LOSS                                           | $ | (89,243)                             | $ | (1,004,157)                                                               | $ | (1,093,400)                                                               |
|                                                    |   |                                      |   |                                                                           |   |                                                                           |
| Net Loss Per Share- Basic and diluted              | $ | (.02)                                | $ | (.22)                                                                     | $ | (.23)                                                                     |
|                                                    |   |                                      |   |                                                                           |   |                                                                           |
| Weighted Average Number of Shares Outstanding      |   | 5,034,000                            |   | 4,594,200                                                                 |   | 4,840,800                                                                 |

See notes to financial statements. 

**PR Specialists, Inc.**

(A Development Stage Enterprise)

STATEMENTS OF STOCKHOLDERS’ EQUITY 

|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
|--------------------------------------------------------|--|-----------|--------------|----------------|--|-----------------------|--|--------------------------------------------|--|-------------------|
|                                                        |  |           | Common Stock |                |  | Additional    Paid-In |  | Deficit Accumulated During the Development |  |                   |
|                                                        |  | Shares    |              | Amount         |  | Capital               |  | Stage                                      |  | Total             |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
| Balances, March 21, 2000   (date

  of  incorporation) |  | -         |              | $            - |  | $              -      |  | $                   -                      |  | $               - |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
| Issuance of common stock to  

  founders              |  | 4,500,000 |              | 4,500          |  | 895,500               |  | -                                          |  | 900,000           |
| Services contributed by founding 

   stockholders     |  | -         |              | -              |  | 50,250                |  | -                                          |  | 50,250            |
| Capital contribution from majority

   stockholder     |  | -         |              | -              |  | 584                   |  | -                                          |  | 584               |
| Issuance of common stock for

   other services        |  | 187,000   |              | 187            |  | 37,213                |  | -                                          |  | 37,400            |
| Issuance of common stock for

   cash                  |  | 347,000   |              | 347            |  | 69,053                |  | -                                          |  | 69,400            |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
| Net loss                                               |  | -         |              | -              |  | -                     |  | (1,004,157)                                |  | (1,004,157)       |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
| Balances, December 31, 2000                            |  | 5,034,000 |              | 5,034          |  | 1,052,600             |  | (1,004,157)                                |  | 53,477            |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
| Services contributed by employee                       |  | -         |              | -              |  | 59,583                |  | -                                          |  | 59,583            |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
| Net loss                                               |  | -         |              | -              |  | -                     |  | (89,243)                                   |  | (89,243)          |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |
| Balances, December 31, 2001                            |  | 5,034,000 |              | $     5,034    |  | $1,112,183            |  | $  (1,093,400)                             |  | $     23,817      |
|                                                        |  |           |              |                |  |                       |  |                                            |  |                   |

See notes to financial statements.

**PR Specialists, Inc.**

(A Development Stage Enterprise)

STATEMENTS OF CASH FLOWS

|                                                                        |   | For the Year Ended December 31, 2001 |   | For the Period March 21, 2000 (date of incorporation) toDecember 31, 2000 |   | For the Period March 21, 2000 (date of incorporation) toDecember 31, 2001 |
|------------------------------------------------------------------------|---|--------------------------------------|---|---------------------------------------------------------------------------|---|---------------------------------------------------------------------------|
| Cash Flows From Operating Activities:                                  |   |                                      |   |                                                                           |   |                                                                           |
|    Net loss                                             | $ | (89,243)                             | $ | (1,004,157)                                                               | $ | (1,093,400)                                                               |
|    Adjustment to reconcile net loss to net cash used by |   |                                      |   |                                                                           |   |                                                                           |
| operating activities:                                                  |   |                                      |   |                                                                           |   |                                                                           |
| Stock based compensation                                               |   | -                                    |   | 900,000                                                                   |   | 900,000                                                                   |
| Stock based consulting fees                                            |   | -                                    |   | 37,400                                                                    |   | 37,400                                                                    |
| Other non-cash employee compensation                                   |   | 59,583                               |   | 48,750                                                                    |   | 108,333                                                                   |
| Other non-cash expenses                                                |   | -                                    |   | 1,500                                                                     |   | 1,500                                                                     |
| Increase in prepaid assets                                             |   | (21,728)                             |   | -                                                                         |   | (21,728)                                                                  |
| Increase in payroll taxes payable                                      |   | 1,876                                |   | -                                                                         |   | 1,876                                                                     |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
|  Net Cash Used by Operating Activities                            |   | (49,512)                             |   | (16,507)                                                                  |   | (66,019)                                                                  |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
| Cash Flows From Financing Activities:                                  |   |                                      |   |                                                                           |   |                                                                           |
| Capital contribution from majority stockholder                         |   | -                                    |   | 584                                                                       |   | 584                                                                       |
| Advances from (repayments to) stockholder – net                  |   | (4,182)                              |   | 5,792                                                                     |   | 1,610                                                                     |
|    Proceeds from issuance of common stock               |   | -                                    |   | 69,400                                                                    |   | 69,400                                                                    |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
|  Net Cash (Used in) Provided by Financing Activities              |   | (4,182)                              |   | 75,776                                                                    |   | 71,594                                                                    |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
| Net increase (decrease) In Cash and Cash Equivalents                   |   | (53,694)                             |   | 59,269                                                                    |   | 5,575                                                                     |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
| Cash and Cash Equivalents at Beginning of Period                       |   | 59,269                               |   | -                                                                         |   | -                                                                         |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
| Cash and Cash Equivalents at End of Period                             | $ | 5,575                                | $ | 59,269                                                                    | $ | 5,575                                                                     |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
| Supplemental disclosure of cash flow information:                      |   |                                      |   |                                                                           |   |                                                                           |
|                                                                        |   |                                      |   |                                                                           |   |                                                                           |
| Cash Paid For:                                                         |   |                                      |   |                                                                           |   |                                                                           |
|    Interest                                             | $ | -                                    |   | -                                                                         |   | -                                                                         |
|    Income Taxes                                         | $ | -                                    |   | -                                                                         |   | -                                                                         |

See notes to financial statements.

**PR Specialists, Inc.**

(A Development Stage Enterprise)

**NOTES TO FINANCIAL STATEMENTS**

**NOTE A - FORMATION AND OPERATIONS OF THE COMPANY**

PR Specialists, Inc. ("we",  "us", "our") was incorporated under the laws ofthe state of Delaware on March 21, 2000. We have recently signed alease/purchase agreement to acquire the domain name Boxing.com (see Note G),however as of December 31, 2001, we are still considered to be in thedevelopment stage as defined in Financial Accounting Standards Board StatementNo. 7.  Accordingly, most of our accounting policies and procedures have not yetbeen established.  In connection with this lease/purchase, we have developed,published and are maintaining the Boxing.com web site which was launched onOctober 5, 2001. The website provides enthusiasts with a variety of servicespertaining to boxing, including up-to-date news and information, results, eventschedules, rankings, chat and message boards.

Use of Estimates  

The preparation of financial statements in accordance with accountingprinciples generally accepted in the United States of America requires us tomake estimates and assumptions that affect the reported amounts of assets andliabilities and the disclosure of contingent assets and liabilities at the dateof the financial statements.  The reported amounts of revenues and expensesduring the reporting period may be affected by the estimates we are required tomake.  Actual results could differ from our estimates. 

**NOTE B – GOING CONCERN**

Our financial statements have been prepared on a going concern basis, whichcontemplates the realization of assets and the satisfaction of liabilities inthe normal course of business.  We have incurred net operating losses since ourinception, and (1) anticipate that we will incur net losses for the foreseeablefuture, and (2) require a significant amount of additional capital to proceedwith the implementation and development of our business plan.  Since we do notcurrently engage in business activities that provide significant cash flow, ourability to continue as a going concern is dependent on our ability to raisecapital to fund our cash requirements until our business operations begin toprovide sufficient cash flow to offset our expenses.  Our plans will includeselling shares of our common stock through private placements however there isno assurance that we will be successful in our efforts to raise capital.  Thesefactors, among others, indicate that we may be unable to continue as a goingconcern for a reasonable period of time.  Our financial statements do notinclude any adjustments relating to the recoverability and classification ofrecorded asset amounts or the amounts and classification of liabilities thatmight be necessary should we be unable to continue as a going concern.

**NOTE C - RELATED PARTY TRANSACTIONS**

On the date of incorporation, 4,500,000 shares of our common stock wereissued to our founding stockholders.  The value of these services, which wasbased on the number, and fair value of shares issued, has been reflected asstock based compensation in the accompanying statement of operations.   

During the year ended December 31, 2001 and the period March 21, 2000 (dateof incorporation) to December 31, 2000, we recognized $65,000 and $48,750 ofemployment compensation, respectively, of which $59,583 and $48,750 wasnon-cash.  Because the non-cash amounts will not be paid, now or in the future,the amounts have been reflected as increases in additional paid-in capital inthe accompanying balance sheet and statements of stockholders’ equity. Noamounts have been ascribed to the use of a portion of our president's home foroffice space in the accompanying statements of operations because the value ofsuch office space was not considered significant. 

In addition, our other founding stockholder provided services having a fairvalue of $1,500 to us during the period March 21, 2000 (date of incorporation)to December 31, 2000.  Because no consideration was exchanged for theseservices, the amounts have been reflected as increases in additional paid-incapital in the accompanying balance sheet and statement of stockholders’equity.

Our founding stockholders periodically advance funds to us.  These advances,which have a remaining balance of approximately $1,600 as of December 31, 2001,were, and are unsecured, non-interest bearing and due on demand.

During the period March 21, 2000 (date of incorporation) to December 31,2000, we issued 187,000 shares of our common stock as consideration for certainconsulting services.  The value of these services, which was based on thenumber, and fair value, of shares issued ($.20 per share based on the price atwhich other shares were being offered at the time the services were rendered),has been reflected as stock based consulting fees in the accompanying statementof operations.

**NOTE D - INCOME TAXES**

We recognized losses for both financial and tax reporting purposes duringeach of the periods in the accompanying statements of operations. Accordingly,no provisions for income taxes and/or deferred income taxes payable have beenprovided for in the accompanying financial statements. 

At December 31, 2001, we had a net operating loss carryforward ofapproximately $48,000 for income tax purposes.  These carryforwards expire invarious years through the year ended December 31, 2021.  The deferred income taxasset arising from this net operating loss carryforward is not recorded in theaccompanying balance sheet because we established a valuation allowance to fullyreserve such asset, as its realization did not meet the required assetrecognition standard established by SFAS 109.

**NOTE E – NET LOSS PER SHARE**

We compute net loss per share in accordance with SFAS No. 128  "Earnings perShare"  ("SFAS No.  128") and SEC Staff Accounting Bulletin No. 98 ("SAB 98").Under the provisions of SFAS No. 128 and SAB 98, basic net loss per share iscomputed by dividing the net loss available to common stockholders for theperiod by the weighted average number of common shares outstanding during theperiod.  Diluted net loss per share is computed by dividing the net loss for theperiod by the number of common and common equivalent shares outstanding duringthe period.  There were no common equivalent shares outstanding during theperiod March 21, 2000 (date of incorporation) to December 31, 2001; accordinglybasic and diluted net loss per share are identical for each of the periods inthe accompanying statements of operations. 

**NOTE F – COMMON STOCK OFFERING**

In August 2001, our registration statement with the SEC to sell up to3,125,000 shares of our common stock at $0.20 per share was closed. The offeringwas on a best-efforts, no minimum basis and as such, we had the immediate use ofany funds arising from stock sales to finance our operations.  We issued 534,000shares of our common stock under the offering.  

**NOTE G - COMMITMENTS**

On June 20, 2001, we engaged a financial consulting firm to act as ourfinancial advisor, and to furnish investment banking services to us.  Theagreement, which may be canceled by either party at any time upon 10 dayswritten notice, is for a term of one year, and requires us to pay totalconsideration of $10,000.  As of December 31, 2001, we have paid $7,500 underthis arrangement, $4,125 of which has been included in prepaid assets in theaccompanying balance sheet.

On September 14, 2001, we signed an agreement with Communicate.com to lease,with an option to purchase, the Internet domain name Boxing.com.  The lease termis for a period of twelve months and requires total payments of $55,000, ofwhich $25,000 was paid at closing.  The remaining $30,000 was paid in March2002.  In addition, we have the option to purchase the Internet domain nameBoxing.com for total additional consideration of $525,000, or at the option ofCommunicate.com, 525,000 shares of our common stock. If we elect to purchase theaforementioned domain name, we will be required to pay (1) $250,000 (or issue250,000 shares of our common stock) no later than October 29, 2002 and (2)$275,000 (or issue 275,000 shares of our common stock) no later than April 28,2003.

We have entered an employment contract with our President that requiresannual compensation of approximately  $65,000 plus certain bonuses and fringebenefits (as defined in the agreement). However, this agreement will not becomeeffective until the earlier of (1) the date mutually agreed to by our Presidentand us or (2) two weeks following the date on which we have received more than$100,000 of gross investment capital, or when our revenues are sufficient toprovide for a full or partial salary to our President.    Alternatively, if wecomplete the acquisition discussed at Note I, this agreement will be amendedwhereby the term of the officers’ employment contract will be from thedate of closing to a period six months thereafter, with an annual salary of$60,000. 

**NOTE H – BARTER TRANSACTIONS******

During the period March 21, 2000 (date of incorporation) to December 31,2000, we entered into various barter transactions whereby we provided certainpublicity services having an estimated fair market value of $8,950 to variouscustomers in exchange for content and reference services.  These services, andthe related services provided to us by our customers, have been reflected asrevenues and marketing expenses, respectively, in the accompanying 2000statement of operations. 

**NOTE I – SUBSEQUENT EVENTS**

We have entered into an “Agreement and Plan of Share Exchange”(the “Agreement”) with Servitrust Corp. (“Servitrust”),a privately held, database-driven inbound and e-care telemarketing company.Pursuant to the terms of the Agreement, we will acquire all of the outstandingcapital stock of Servitrust in exchange for 10,000,000 shares of our commonstock.  If the transaction is completed as specified in the Agreement, theshareholders of Servitrust will own and control approximately two-thirds of outoutstanding common stock immediately after the combination.  Because of this,the combination will be treated as a reverse acquisition with us being treatedas the acquiree.  Accordingly, Servitrust will be considered to be the survivinglegal entity and will succeed to the name of PR Specialists, Inc. 

In addition, if the transaction is closed, certain shareholders of Servitrustwill have the opportunity to (i) acquire from our president, up to 3,000,000shares of the common stock he  currently owns in us for a price of $0.10 pershare; and (ii) acquire up to 1,350,000 shares of the common stock that anotherone of our stockholders owns in us for a price of $0.10 per share.  

**ITEM 8 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND****FINANCIAL DISCLOSURES**

****NONE 

**ITEM 9 - DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS.**

The following table and subsequent discussion containsinformation concerning our director and executive officer. Our executive officerwas elected to his position in March 2000. 

Bryan Eggers	52	President and Director 

There are no other persons nominated or chosen to become directors orexecutive officers nor do we have any employees other than above. 

   Mr. Eggers has served as President  and  Director  since March  2000.From November 1999 until March 2000, he served as an independent publicrelations consultant.  From December 1998 until November 1999, he served as vicepresident of public relations of CDbeat.com,  an Internet music  softwarecompany.  From August 1998 until December 1998,  Mr. Eggers served as anindependent  public relations consultant.  From May 1996 until August 1998, Mr.Eggers served as the Marketing Communications Manager of Luckman Interactive, anInternet software development company.  From April 1994 until May 1996, Mr.Eggers served as a Public Relations Specialist for the Dataproducts Division ofHitachi, a computer printer manufacturer.  >From May 1993 until April 1994,Mr. Eggers served as a consultant for public relations and marketing forNow-Online, Inc., an Internet service provider.

Our directors hold office until the next meeting of shareholders and theelection and qualification of their   successors.   Directors receive  nocompensation  for serving on the board of directors other than  reimbursement ofreasonable  expenses incurred in attending  meetings.  Officers are appointed bythe board of directors and serve at their discretion.

**CONFLICTS OF INTEREST**

Our director and officer is or may become, in his individual capacity,officer, director, controlling shareholder and/or partner of other entitiesengaged in a variety of businesses.  There exist potential conflicts of interestincluding allocation of time between us and his other business activities. 

No proceeds from our offering were used to purchase directly or indirectlyany  shares of the  common  stock  owned by any  present  shareholder,  officer,director or promoter.  No proceeds from the offering were loaned to our soleofficer and director.  We also did not use proceeds of the  offering to purchasethe assets of any company beneficially owned by any of our current or futureofficers, directors, promoters or affiliates**.**

**ITEM 10 - EXECUTIVE COMPENSATION**

We paid our president $5,417 in 2001.  With the exception of such amount, wehave never paid any other compensation to officers and/or employees. During theyear ended December 31, 2001, and for the period March 21, 2000 (date ofincorporation) to December 31, 2000, we recognized $65,000 and $48,750 ofemployee compensation, respectively, of which $59,583 and $48,750, respectivelywere non-cash.  The non-cash amounts will not be paid, now or in the future, andas such they have been reflected as increases in additional paid-in capital inour financial statements.   

We do not presently have a stock option plan, but intend to develop anincentive-based stock option plan for our officers and directors in the futureand may reserve shares of our authorized common stock for that purpose. 

**ITEM 11 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT.**

The following table  sets forth  information  with  respect to thebeneficial ownership of our common stock before and after giving  effect to thesale of the maximum number of shares of common stock  offered.  All shareholdershave sole voting and investment power over the shares beneficially owned.Included within this table is information concerning each stockholder who ownsmore than 5% of any class of our securities, including those shares subject tooutstanding options.  Although our officer may purchase shares in this offering,the following amounts assume that our officer does not purchase  any additionalshares. 

| Beneficial ownership		 

class of common stock                          | Shares owned | Percentage of shares |
|-------------------------------------------------------------------------|--------------|----------------------|
| Bryan Eggers6041 Pomegranate LaneWoodland Hills, California 91367       | 3,150,000    | 62.57%               |
| Joel Arberman				 

10325 Summer Creek Drive

Alpharetta, Georgia 30022 | 1,500,000    | 29.79                |

**ITEM 12 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS**

On March 21, 2000 (the date of our inception), we issued 4,500,000 shares ofour common stock to our founding stockholders – 3,000,000 to our President(Bryan Eggers) and 1,500,000 shares to Mr.  Joel  Arberman. These shares wereissued as consideration for corporate organization services provided. 

Mr. Eggers, our President, provides various equipment and a portion of hishome for office space for no  consideration.  The value of this equipment andoffice space are not considered significant. 

Our founding stockholders periodically advance funds to us.  These advances,which have a remaining balance of approximately $1,600 as of December 31, 2001,were, and are unsecured, non-interest bearing and due on demand.

Any future transactions between  us and our  officers,  directors or 5%shareholders, and  their  respective affiliates,  will be on terms  no  lessfavorable  than could be obtained  from  unaffiliated  third parties and will beapproved by a majority of any independent, disinterested directors. 

**ITEM 13-EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON****FORM8-K**

- Exhibits.

2.1 Plan of Acquisition, Reorganziation, Arrangement,Liquidation on Succession (previously filed in Form 8-K filed on September 20,2001).

- Financial Statement Schedules - None. 

- Reports on Form 8-K.  On September 20, 2001, we filed a Current Report onForm 8-K to report a Plan of Acquisition. 

**SIGNATURES**

	In accordance with Section 13 or 15(d) of the Exchange Act, the Registrantcaused this report to be signed on its behalf by the undersigned, thereunto dulyauthorized. 

PR SPECIALISTS, INC. 

By:	/s/ Bryan Eggers 

Chief Executive Officer 

Dated: April 15, 2002

	In accordance  with Exchange Act, this report has been signed below by thefollowing  persons on behalf of the  Registrant and in the capacities and on thedated indicated. 

| **SIGNATURE**    | **TITLE**                          | **DATE**       |
|------------------|------------------------------------|----------------|
| /s/ Bryan Eggers | Director, Chief Accounting Officer | April 15, 2002 |