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 December 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 No. 2-95836NY

                           GOLDTECH MINING CORPORATION
                ------------------------------------------------
                 (Name of small business issuer in its charter)

           Nevada                                       13-3250816
 ------------------------------           --------------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification Number)
 incorporation or organization)

              4904 Waters Edge Drive, Suite 160, Raleigh, NC 27606
             -------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code


Registrant's Telephone Number, Include Area Code: (919) 851-2239

Securities Registered Pursuant to Section 12(b) of the Act:
------------------------------ -------------------------------------------------

    Title of Each Class               Name of Each Exchange on Which Registered
            None                                        None
------------------------------ -------------------------------------------------

Securities Registered Pursuant to Section 12(g) of the Act:

                          Common Stock, $.001 par value
                                (Title of Class)

         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 twelve (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 ninety (90)
days. Yes X No

         Check if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and will not 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. [ ]

         The issuer's revenues for its most recent fiscal year were $457,918

         The number of shares of the registrant's common stock, $.001 par value
per share, outstanding as of March 31, 2004 was 11,871,725. The aggregate market
value of the voting and non-voting common equity held by non-affiliates of the
registrant on March 31, 2004, based on the last sales price on the OTC Bulletin
Board as of such date, was approximately $ 7,190,779.

                       DOCUMENTS INCORPORATED BY REFERENCE

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


<PAGE>

                                TABLE OF CONTENTS

                                                                            Page
                                                                           -----
PART I

         Item 1.  Description of Business......................................3
         Item 2.  Description of Properties....................................5
         Item 3.  Legal Proceedings 5...........................................
         Item 4.  Submission of Matters to a Vote
                  of Security Holders..........................................5

PART II

         Item 5.  Market for Common Equity and
                  Related Stockholder Matters..................................6
         Item 6.  Management's Discussion and Analysis or Plan of Operation....6
         Item 7.  Financial Statements.........................................8
         Item 8.  Changes in and Disagreements with Accountants...............18
         Item 8A. Control and Procedures......................................18

PART III

         Item 9.  Directors, Executive Officers, Promoters
                  and Control Persons; Compliance with
                  Section 16(a) of the Exchange Act...........................18
         Item 10. Executive Compensation......................................19
         Item 11. Security Ownership of Certain Beneficial
                  Owners and Management.......................................19
         Item 12. Certain Relationships and Related Transactions..............20
         Item 13. Exhibits and Reports of Form 8-k............................21
         Item 14. Principal Accountants Fees & Services.......................21

                  Signatures..................................................21
                  Certifications..............................................22



                                       2
<PAGE>


                                     PART I
Item 1.  Description of Business

The Company has two lines of business; the development marketing and supporting
of computer software products and service and since November 2003, the
acquisition and development of mining properties.

Computer Software Products

The Company is engaged in the business of developing, selling and supporting
computer software products, particularly products related to the COBOL computer
language. The company's main business has been and continues to be the creation
and sale of COBOL language dialects that permit programs written in heretofore
proprietary versions of COBOL to move (migrate) to inexpensive high performance
systems available from a variety of suppliers without the need to rewrite the
programs.

Much of the Company's existing business is with firms who at one time or another
enjoyed a relationship with Data General Corp. (D.G.) and employed one or more
versions of D.G.'s COBOL products. In providing an alternative to D.G.'s
proprietary products the Company was able to gain customers that had been D.G.'s
but also, by the quality of Egan's product offerings, to make D.G. both a
distributor of one of the Company's products, Interactive COBOL, and in December
of 1996 to become an Accredited Service Provider to D.G. for the Company's VX
COBOL product.

In 1998, the Company introduced upgraded Year 2001 compliant versions of its
existing COBOL languages which are available and necessary for users of these
dialects worldwide. Many existing customers, with current licenses, have
received these upgrades at no charge but other, first time customers, have had
to purchase them. The growth in new customers increased in 1999. Additionally,
support for the increasingly popular Linux operating system was added.

Sales of the services were strong through the first half of 1999 and then
inexplicably fell off. Several opportunities to bid Y-2K or Migration contracts
appeared but none were awarded. The flow of referral business from D.G. was
interrupted when EMC announced their intention to purchase D.G. and then
proceeded to do so in the 4th Quarter of 1999. The anticipated restructuring
appears to have de-focused elements of the D.G. Sales force with whom Egan
enjoyed a co-operative arrangement. Since the completion of this purchase and
the resultant closure of almost all of D.G.'s offices throughout the world, the
flow of referral business has gone to zero. Now D.G. customers must find Egan on
their own.

In late 2000, the Company introduced an upgraded version of its ICOBOL product,
ICOBOL 3. This version was the first version to move away from the D.G. type
architecture. This next generation product offers substantially more features
than ICOBOL 2 as well as vastly larger program sizes. ICOBOL 3 will allow the
Company to attack other COBOL dialects and to more fully compete with other
COBOL vendors. ICOBOL 3 is the underlying language on which the Company's
attempt to substantially broaden its market is based

In mid-2001, a GUI-based Integrated Development Environment (ICIDE) was added to
the ICOBOL 3 Windows platform. Based on the Company's existing compiler
technology and incorporating aspects of the G-2K tool suite as well as a GUI
editor, developers who chose ICOBOL 3 with the ICIDE will experience a
substantial productivity gain in a user friendly graphical environment. Many of
these users will no longer be required to go out and purchase additional tools
from other vendors for their developers resulting in substantial savings.

In 2003, the company introduced its new Character Thin Client support. This
product built on the success of the GUI Thin Client in 2002 and allows increased
Internet and WAN use of the Company's products with a greatly decreased cost of
ownership and support for the customers. With the combination of both a GUI and
a Character Thin Client customers can pick the solution necessary for each. In
the summer of 2003, Egan updated its pricing schedule. In general, prices were
increased by 10% to offset rising costs. This was the first price change since
1994. In addition, time limits were set for upgrades such that there would be an
increase in upgrade fees starting on January 1, 2004.

                                       3
<PAGE>


New Products

The Company continues to look at expanding its offerings with new products
focused on providing for more one-source shopping for the company's customers.
With that in mind in the Spring of 2004 the company introduced its Integrated
SQL support. With this new optional product, customers can use standard
databases directly from within COBOL. They can use standard SQL syntax to
retrieve and/or modify data stored in any ODBC-compliant database like MS SQL,
Oracle, and MySQL. This product facilitates use of the Company's products with
customers' other applications. It also addresses the need for support of a full
database product from within COBOL.

Analysis of Customers

The Company has always focused its sales on current or prior users of D.G.
hardware and software and most particularly on a category of customer known as a
reseller or VAR. Resellers create programs which are sold, modified, improved
and sold again. With the release of the ICOBOL 3 product version with R/M
compatibility the Company intends to focus more of its sales effort to resellers
running other COBOL dialects to allow it to broaden and grow its customer base.
In general resellers purchase multiple copies of COBOL every year and require a
level of ongoing support that decreases with time, a consideration of some
importance given the need to devote valuable programmer skills to new products
and features. The Company deals directly with approximately 119 resellers and
indirectly through distribution with another 80.

In 2003, sales to five customers comprised approximately 50% of the Company's
sales. One of these customers accounted for approximately 16% of sales. This was
due to the Company being hired as a consultant on a large programming project.
Another company provided 12% of sales and functions as a distributor for the
Company. Other than those five, no customer provided more than 5% of the
Company's sales.

The Company's software is in use in North and South America, Europe, Africa,
Asia, and Australia/New Zealand.

Inventory, Supplies and Manufacturing

The Company maintains sufficient quantities of material on hand to satisfy
normal shipping requirements. The Company is not forced to rely on any single
vendor or group of vendors to satisfy its materials requirement.

Competition

The computer software industry is very highly competitive and populated by many
large and medium size companies and subject to rather rapid technological
advance. There is no assurance that the Company will continue to grow or even to
maintain a competitive position. The Company will continue to seek to develop
successful products that address market niches that provide appropriate
opportunity but are small enough to avoid determined penetration by larger,
better funded competitors.

Intellectual Property

All of the Company's products and source codes are protected by copyright.
Furthermore all delivered executable code for MS-DOS, Novell, Windows and the
various Unix versions that execute on systems employing Unix is protected from
illicit duplication by the requirement for the presence of a unique mechanical
security device available only from the Company.

                                       4
<PAGE>

Mining Properties

Acquisition of Mining Claims

During 2003 the Company acquired the mining claims listed below by the issuance
of 11,110,000 common shares to an affiliate, and other non-related parties, and
the issuance of 575,000 common shares to a consultant. The terms of the
acquisition includes an obligation to pay $1,500,000 upon completion of
subsequent financing and the start of development of the properties. The
affiliate is a pre-exploration company. Mineable ore reserves have not been
proven and therefore all costs of acquisition and exploration have been
expensed.

Tofino Group-Alberni Mining Division

The Tofino Group consists of 35 claims in the Tofino Group containing
approximately 1,700 acres located on the west coast of Vancouver Island.
Topographical and control surveys have been undertaken to augment the property
database. The claims require Can $7,350 each year in work or fees. The claims
will expire in August 2004.

Mets Lease - Liard Mining Division

The Mets Leases consists of 200 claims containing approximately 500 acres
located in the new Todoggone Mining Camp in North Western British Columbia. Part
of the purchase included several years of records and data still to be analyzed.
The Claims require Can $2,000 in work or fees each year. The claims expire in
April 2005.

Silvercup Claims - Revelstoke Mining Division

The Silvercup Claims consist of 85 claims containing 4,400 acres in the
Revelstoke Mining Division which are adjacent to an existing and historic gold
and silver mining camp in British Columbia. The claims require Can $18,060 in
work of fees each year. The claims expire in September 2004.


Employees

At December 31, 2003, Egan Systems has 4 full time employees, 2 of which are
engaged in software development or support and 2 are involved in sales,
administration and support.


Item 2.  Description of Property

The Company leases approximately 2,000 square feet of office space in Raleigh,
North Carolina. The lease on the property is on a month to month basis requiring
monthly rental payments of approximately $2,000.

Item 3.  Legal Proceedings

None

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

On November 5, 2003, a special meeting of the shareholders was held. At this
meeting the shareholders approved the following:

1.            To amend the Articles of Incorporation to reverse split the
              Company's common shares on a one for one-hundred basis to increase
              the number of authorized common shares from 30,000,000 to
              95,000,000 and authorized 5,000,000 preferred shares, both $.001
              par value.
2.            To amend the Articles of Incorporation to change the name of the
              Company to Goldtech Mining Corporation. 3. To change the Company's
              state of Incorporation from Delaware to Nevada. 4. To ratify the
              acquisition of certain mining claims in British Columbia, Canada.

                                       5
<PAGE>


                                     PART II

Item 5.  Market for Common Equity and Related Stockholder Matters

The table below sets forth the high and low closing bid prices of the Company's
Common Stock for the last two calendar years. Since the shares are not listed on
NASDAQ, but on the Eastern Regional "Pink Sheets" and on the NASDAQ Electonic
Bulletin Board (Symbol "GMNC"), the Company can only supply a general estimate
of the price range of its shares on a quarterly basis.

Calendar Years                                       Bid Prices

2002                                             High             Low
First Quarter                                    $0.014           $0.007
Second Quarter                                   $0.010           $0.006
Third Quarter                                    $0.008           $0.006
Fourth Quarter                                   $0.011           $0.003

2003
First Quarter                                    $0.01            $0.01
Second Quarter                                   $0.01            $0.01
Third Quarter                                    $0.01            $0.01
Fourth Quarter*                                  $1.90            $1.00

* Reflects the one for one-hundred reverse split.

On April 15, 2004, the high bid and asked quotations for the Company `s Common
Stock was $1.04 and $1.04 per share, respectively.

The Company believes that on December 31, 2003, there were approximately 161
shareholders of record and approximately 1,800 shareholders holding the
Company's stock in street name.

The Company has not paid any dividends on its Common Stock and has determined,
for the foreseeable future, to retain earnings, if any, to fund additional
development and to take advantage of any opportunities that might become
apparent.

Item 6. Management's  Discussion And Analysis Of Financial Condition And Results
        Of Operations

Year Ended December 31, 2003 Compared to the Year Ended December 31, 2002

Revenues. Revenues for the year-ended December 31, 2003 increased by $14,187 or
3.2% to $457,918 from $443,731 for the year-ended December 31, 2002. The
principal reason for this increase was an increase in service income which was
partially offset by a decrease in the sale of tools.

Cost of Sales. Cost of sales for the year ended December 31, 2003 decreased by
$12,434 or 57.3% to $9,273 from $21,707 for the year ended December 31, 2002.
The decrease in the cost of sales resulted from the decrease in the sale of
tools.

Selling and Administrative Expenses. Selling and administrative expenses for the
year ended December 31, 2003 increased by $294,055 or 173.3% to $463,739 from
$169,684 for the year ended December 31, 2002. The increase in selling and
administrative expenses is principally attributable to an increase in payroll
expenses.

                                       6
<PAGE>

Research and Development Expense. Research and development expense for the
year-ended December 31, 2003 decreased by $61,725 or 92.7% to $4,851 from
$66,576 for the year ended December 31, 2002. The principal reason for the
decrease is that although the Company continues to conduct research, the
majority of these expenditures have been reclassified to administrative
expenses.

Royalty Expense. Royalty expense for the year-ended December 31, 2003 decreased
by $14,220 of 65.4% to $7,520 from $21,740 fro the year ended December 31, 2002.
The decrease in royalty expense is attributable to the decline in the sale of
third party software.

Mineral Claims- Cost of Acquisition - As a result of the acquisition of certain
gold mining claims during the year ended December 31, 2003, the Company incurred
acquisition costs of $23,760. There were no such costs incurred during the year
ended December 31, 2002.

Depreciation and Amortization. Depreciation and amortization expenses for the
year ended December 31, 2003 decreased by $250,119 or 88.9% to $31,273 from
$281,392 for the year ended December 31, 2002. The decrease in depreciation and
amortization expense reflects a change in accounting whereby the company no
longer capitalizes and amortizes its software development costs, but instead
expenses such costs to the period in which they were incurred.

Provision for Income Taxes. There was no provision for income taxes for the year
ended December 31, 2003 as the Company incurred a net operating loss and has no
taxes which are refundable. For the year ended December 31, 2002, the Company
incurred a tax liability for state franchise taxes of $1,168. There were no
franchise taxes in the current year because the Company is no longer a Delaware
corporation but a Nevada corporation, a state which has no franchise or income
taxes.

Income from the Settlement of Debt. For the year ended December 31, 2003, the
Company received a benefit of $69,608 from the settlement of an account payable
for less than it had been carried on the Company's books and records. There were
no corresponding income items for the year-ended December 31, 2002.


 Liquidity and Capital Resources

As of December 31, 2003 the Company had cash of $13,046 and working capital of
$34,846. This compares with cash of $40,909 and a deficit in working capital
of$112,626 as of December 31, 2002.

Cash used by operating activities totaled $27,861 for the year ended December
31, 2003. This compares with cash provided by operations of $122,778 for the
year ended December 31, 2002. The change resulted from a decrease in
depreciation and amortization of $250,119 and change in the current accounts,
principally the reduction of $104,072 in accounts payable and an increase in
prepaid expense of $106,296 which was partially offset by a reduction ion the
net operating loss and the issuance of shares for mineral claims.

There was no cash used or provided by investing activities for the year ended
December 31, 2003. For the year ended December 31, 2002, $94,462 was used in the
development of computer software.

There was no cash used or provided by financing activities for the year ended
December 31, 2003. For the year ended December 31, 2002, the Company received
$1,950 from the issuance of its stock.

Historically, the Company has funded its operations through the sale of its
shares or borrowings from its principal shareholders. However, the company
continues to incur net operating losses and its financial statements have been
qualified on an going concern basis. Furthermore, with the acquisition of the
gold mining claims, the Company has obligated itself to significant future
development costs. Therefore, unless the Company's operations became profitable,
or it is able to sell additional shares, it will be unable to continue as a
going concern.

                                       7
<PAGE>


Item 7. Financial Statements

TABLE OF CONTENTS

                                                                           Page

INDEPENDENT ACCOUNTANTS' REPORT

FINANCIAL STATEMENTS

  Consolidated Balance Sheet - December 31, 2003 \

  Consolidated Statements of Operations - December 31, 2003 and 2002

  Consolidated Statements of Changes in Stockholders' Equity

  Consolidated Statements of Cash Flows - December 31, 2003 and 2002

  Notes to Consolidated Financial Statements

                                       8

<PAGE>




MADSEN & ASSOCIATES, CPA's  INC.                      684 East Vine St.  Suite 3
---------------------------------                            Murray, Utah  84107
Certified Public Accountants and                          Telephone 801-268-2632
Business Consultants                                            Fax 801-262-3978


Board of Directors
Goldtech Mining Corporation and Subsidiary
Raleigh, North Carolina

               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

We have audited the accompanying consolidated balance sheet of Goldtech Mining
Corporation and Subsidiary at December 31, 2003 and the related consolidated
statements of operations, stockholders' equity, and cash flows for the years
ended December 31, 2003 and 2002. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these 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 provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Goldtech Mining Corporation and
Subsidiary at December 31, 2003 and the results of operations, and cash flows
for the years ended December 31, 2003 and 2002, in conformity with accounting
principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. The Company will need additional
working capital for its planned activity and to service its debt, which raises
substantial doubt about its ability to continue as a going concern. Management's
plans in regard to these matters are described in the notes to the financial
statements. These financial statements do not include any adjustments that might
result from the outcome of this uncertainty.

Salt Lake City, Utah
April 12, 2004                            s\Madsen & Associates, CPA's  Inc.



                                       9
<PAGE>

      GOLDTECH MINING CORPORATION AND SUBSIDIARY CONSOLIDATEDBALANCE SHEETS
                                December 31, 2003



ASSETS
CURRENT ASSETS
   Cash                                                          $ 13,048
    Accounts receivables                                           44,001
    Inventory                                                       4,107
                                                                 --------
       Total Current Assets                                        61,156
                                                                 --------

EQUIPMENT - net of accumulated depreciation                         8,756
                                                                 --------

                                                                 $ 69,912
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES

     Accounts payable                                            $ 26,309
                                                                 --------

       Total Current Liabilities                                   26,309
                                                                 --------

STOCKHOLDERS' EQUITY

    Preferred stock
         5,000,000 shares authorized at $.001 - none issued            -
   Common stock
        95,000,000 shares authorized, at $.001 par value;
        11,873,725 shares issued and outstanding                   11,874
    Capital in excess of par value                              5,461,495
   Accumulated deficit                                         (5,429,766)
                                                               ----------
       Total  Stockholders'  Equity                                43,603
                                                               ----------
                                                                $  69,912


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


                                       10
<PAGE>


                   GOLDTECH MINING CORPORATION AND SUBSIDIARY
                      CONSOLIDATED STATEMENT OF OPERATIONS
                 For the Years Ended December 31, 2003 and 2002



                                                 Dec 31,               Dec 31,
                                                  2003                  2002
                                                ---------            ----------

REVENUES                                      $  457,918             $ 443,731
                                               ---------              ---------

EXPENSES

    Cost of sales                                  9,273                21,707
    Selling and administrative                   463,739               169,684
    Research and development                       4,851                66,576
   Royalties                                       7,520                21,740
   Mineral claims - costs of acquisition          23,760                     -
    Depreciation and amortization                 31,273               281,392
                                               ---------             ---------
                                                 540,416               561,099

NET LOSS - before other income                   (82,498)             (117,368)

OTHER INCOME AND EXPENSE

     Provision for income tax                          -                (1,168)
     Income from settlement of debt               69,608                     -
                                              ----------            ----------

NET LOSS                                       $ (12,890)           $ (118,536)
                                              ==========            ==========

NET LOSS PER COMMON SHARE
   Basic and diluted                              $ (.01)             $   (.63)
                                              -----------           ----------
AVERAGE   OUTSTANDING SHARES

    Basic   (stated in 1,000's)                    2,137                   189
                                              -----------           ----------



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


                                       11
<PAGE>




                                               GOLDTECH  MINING CORPORATION
                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                 For the Years Ended December 31, 2003 and 2002


<TABLE>

                                                                             Capital in
                                                             Common Stock     Excess of       Accumulated
                                                Shares          Amount        Par Value        Deficit
                                               --------     ---------------  ------------    -------------
<S>                                            <C>           <C>           <C>              <C>


Balance December 31,  2001                      195,475        $ 196       $ 5,809,338      $ (5,298,340)

Common capital stock returned and
    cancelled                                    (8,000)          (8)         (360,542)                -

Issuance of common stock for services
    at $.50                                       1,250            1               624                 -

Net operating loss for the year ended
December 31, 2002                                     -            -                 -          (118,536)

Balance December 31, 2002                       188,725          189         5,449,420        (5,416,876)

Issuance of common stock to consultant -
   acquisition of mineral claims - at $.22      575,000          575            12,075                 -
Issuance of common stock for mineral
   claims - at $.001                         11,110,000       11,110                 -                 -

Net operating loss for the year
   ended December 31, 2003                            -            -                 -           (12,890)

Balance December 31, 2003                    11,873,725     $ 11,874       $ 5,461,495      $ (5,429,766)
                                             ==========       ======         =========        ==========

</TABLE>



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



                                       12
<PAGE>


                   GOLDTECH MINING CORPORATION AND SUBSIDIARY
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                 For the Years Ended December 31, 2003 and 2002
<TABLE>




                                                                           Dec 31          Dec 31
                                                                            2003            2002
                                                                         ---------       ---------
<S>                                                                     <C>              <C>

CASH FLOWS FROM
OPERATING ACTIVITIES

   Net loss                                                             $ (12,890)       $ (118,536)
Adjustments to reconcile net loss to net cash
       provided by operating  activities

          Depreciation and amortization                                    31,273           281,392
          Capital stock issued for mineral claims                          23,760                 -
          Changes in current assets and liabilities
            Accounts receivable                                           (18,079)           15,564
            Inventory                                                         443            (1,050)
             Prepaid expenses                                             105,330              (966)
            Accounts payable                                             (157,698)          (53,626)



          Net Change in Cash From Operations                              (27,861)          122,778
                                                                        ----------        ----------

CASH FLOWS FROM INVESTING
   ACTIVITIES
          Computer software development costs                                   -           (94,462)
                                                                        ----------       -----------


CASH FLOWS FROM FINANCING
   ACTIVITIES
          Proceeds from issuance of stock                                       -            1,950
                                                                        ----------       -----------

   Net change in Cash                                                     (27,861)          30,226
Cash at
Beginning of Period                                                        40,909           10,643
                                                                        ----------       ----------

   Cash at End of Period                                                 $ 13,048        $  40,909
                                                                        ==========       =========


NON CASH FLOWS FROM OPERATING ACTIVITIES

Issuance of 11,110,000 common shares for mineral claims                                 $   11,110

Issuance of 575,000 common shares to consultant - acquisition of mineral claims             12,650
                                                                                         ----------
</TABLE>


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


                                       13
<PAGE>

                   GOLDTECH MINING CORPORATION AND SUBSIDIARY
                          NOTES TO FINANCIAL STATEMENTS
                                December 31, 2003



1. ORGANIZATION

The Company was incorporated in 1987 under the laws of the state of Delaware
with authorized common stock of 30,000,000 shares at $.05 par value with the
name "Egan Systems, Inc.". The domicile was changed to the State of Nevada on
November 5, 2003 in connection with a name change to "Goldtech Mining
Corporation" and an increase in the authorized common stock to 95,000,000 shares
with a par value of $.001 and the addition of preferred stock of 5,000,000
shares with a par value of $.001. The terms of the preferred stock have not been
determined.

On November 17, 2003 the Company completed a reverse stock split of one share
for 100 outstanding shares. This report has been prepared showing after stock
split shares from inception.

The Company is engaged in the business of developing, selling, and supporting
computer software products. During 2003 the Company also entered the business of
acquiring and developing mineral claims.

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods

The Company recognizes income and expenses based on the accrual method of
accounting.

Dividend Policy

The Company has not yet adopted a policy regarding payment of dividends.

Income Taxes

The Company utilizes the liability method of accounting for income taxes. Under
the liability method deferred tax assets and liabilities are determined based on
the differences between financial reporting and the tax bases of the assets and
liabilities and are measured using the enacted tax rates and laws that will be
in effect, when the differences are expected to reverse. An allowance against
deferred tax assets is recorded, when it is more likely than not, that such tax
benefits will not be realized.

On December 31, 2003, the Company had a net operating loss available for carry
forward of approximately $335,000. The tax benefit from the loss carry forward
has been fully offset by a valuation reserve because the use of the future tax
benefit is doubtful since the Company has not been able to project a profitable
operation. The net operating loss will expire starting in 2007 through 2024.

Statement of Cash Flows

For the purposes of the statement of cash flows, the Company considers all
highly liquid investments with a maturity of three months or less to be cash
equivalents.

                                       14
<PAGE>


                   GOLDTECH MINING CORPORATION AND SUBSIDIARY
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 2003

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

Basic and Diluted Net Income (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted
average number of shares actually outstanding. Diluted net income (loss) per
share amounts are computed using the weighted average number of common shares
and common equivalent shares outstanding as if shares had been issued on the
exercise of any common or preferred share rights unless the exercise becomes
antidilutive and then only the basic per share amounts are shown in the report.

Capitalization of  Mining Claim Costs

Costs of acquisition, exploration, carrying, and retaining unproven properties
are expensed as incurred. Costs incurred in proving and developing a property
ready for production are capitalized and amortized over the life of the mineral
deposit or over a shorter period if the property is shown to have an impairment
in value. Expenditures for mine equipment will be capitalized and depreciated
over their useful lives.

Environmental Requirements

At the report date environmental requirements related to the mineral claims
acquired are unknown and therefore an estimate of any future cost cannot be
made.

Financial and Concentrations Risk

The Company does not have any concentration or related financial credit risk.

Revenue Recognition

Revenue is recognized on the sale and delivery of a product or the completion of
a service provided.

Advertising and Market Development

The company expenses advertising and market development costs as incurred.

Inventory

Inventory consists of computer peripherals and is stated at the lower of cost or
market.


                                       15
<PAGE>

                   GOLDTECH MINING CORPORATION AND SUBSIDIARY
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 2003



2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

Equipment

Equipment consists of office, computer software and hardware, and they are being
depreciated over five years using the straight line method of depreciation.
       Cost                                       $ 424,898
       Less accumulated depreciation                416,142
                                                  ----------
                                                      8,756

Depreciation expense for 2003 was $31,273 and for 2002 $43,779.

Long Lived-Assets

The Company periodically evaluates the economic lives of its long-lived assets
and if there has been an impairment in the value a loss would be recognized in
the operating statement.

Principles of Consolidation

The consolidated financial statements include the assets and liabilities of the
Company and its wholly owned inactive subsidiary, Envyr Corp. All intercompany
transactions have been eliminated.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in
accordance with accounting principles generally accepted in the United States of
America. Those estimates and assumptions affect the reported amounts of the
assets and liabilities, the disclosure of contingent assets and liabilities, and
the reported revenues and expenses. Actual results could vary from the estimates
that were assumed in preparing these financial statements.

Financial Instruments

The carrying amounts of financial instruments, including cash, accounts
receivable and accounts payable, are considered by management to be their
estimated fair values.

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial statements.


                                       16
<PAGE>

                   GOLDTECH MINING CORPORATION AND SUBSIDIARY
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                                December 31, 2003



3.  ACQUISITION OF MINING CLAIMS

During 2003 the Company  acquired the mining claims listed below by the issuance
of 11,110,000 common shares to an affiliate,  and other non related parties, and
the  issuance  of  575,000  common  shares  to a  consultant.  The  terms of the
acquisition  includes  an  obligation  to  pay  $1,500,000  upon  completion  of
subsequent  financing  and the  start  of  development  of the  properties.  The
affiliate is a  pre-exploration  company.  Mineable  ore reserves  have not been
proven  and  therefore  all  costs of  acquisition  and  exploration  have  been
expensed.

Tofino Group - Alberni Mining Division

The Tofino Group consists of 35 claims in the Tofino Group containing
approximately 1,700 acres located on the west coast of Vancouver Island.
Topographical and control surveys have been undertaken to augment the property
database. The claims require Can $7,350 each year in work or fees. The claims
will expire in August 2004.

Mets Lease - Liard Mining Division

The Mets Leases consists of 200 claims containing approximately 500 acres
located in the new Todoggone Mining Camp in North Western British Columbia. Part
of the purchase included several years of records and data still to be analyzed.
The claims require Can $2,000 in work or fees each year. The claims expire in
April 2005

Silvercup Claims - Revelstoke Mining Division

The Silvercup Claims consist of 85 claims containing 4,400 acres in the
Revelstoke Mining Division which are adjacent to an existing and historic gold
and silver mining camp in British Columbia. The claims require Can $18,060 in
work or fees each year. The claims expire in September 2004.

4.  401(K) SAVINGS PLAN

During March 2000 the Company adopted a 401(k) saving plan that covers all
employees of the Company. Contributions to the plan may be made by all eligible
employees up to 15% percent of their salary and the Company will match 25% of
the employees' contribution up to four percent of his base salary.

During 2003 the Company made contributions to the plan of $2,770 and in 2002
$2,000.


5.  COMMON CAPITAL STOCK

During 2003 the Company issued 11,110,000 common shares to an affiliate, and
other non related parties, and 575,000 shares to a consultant, for the purchase
of mining claims as outlined in note 3.

6.  SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officers-directors and a manager have acquired 19% of the common capital stock
issued. An officer received a salary of $102,982 for the year 2003.

7.  GOING CONCERN

The Company intends to acquire interests in various business opportunities
which, in the opinion of management, will provide a profit to the Company,
however there is insufficient working capital for any future planned activity
and to service its debt, which raises substantial doubt about its ability to
continue as a going concern. Continuation of the Company as a going concern is
dependent upon obtaining additional working capital and the management of the
Company has developed a strategy, which it believes will accomplish this
objective through additional equity funding and debt which will enable the
Company to conduct operations for the coming year.

8.  SUBSEQUENT EVENTS

On March 16, 2004, the Company entered into a one-year agreement with Pan
American Relations to conduct investors relations for 25,000 restricted shares
of common stock to be issued by April 30, 2004, plus approved expenses. There
are no monthly fees.

                                       17
<PAGE>

On March 26, 2004 the Company entered into an Asset Acquisition Agreement with
Solid Resources, Ltd., a publicly held Alberta corporation, to acquire an option
in undeveloped mineral properties located near Salamanca, Spain. The purchase
price is $25,000 with Solid to maintain a carried interest of 25% of the
property for any and all net profits and 25% of the funds in the event that the
Property is sold. The Company issued a note for the $25,000 at no interest for
120 days and agrees to spend a minimum of $600,000 of recordable exploration
work on the property by September 15, 2007 at a rate of a minimum of $150,000
per year beginning with the work to be performed by September 15, 2004. Solid
has the right to convert the 25% carried interest for up to 5,000,000 shares of
the Company at a rate of 200,000 shares for each 1% at any time up to 24 months
from the signing of the Agreement.

On March 31, 2004 the Company sold 417,195 shares of common stock at $.75 per
share to Glen Lockton Investments, Inc., an Ontario corporation, for $312,896.
Glen Lockton Investments, Inc. has the right to acquire an additional share of
common stock for $1.50 per share within one year.

 Item 8.  Changes in and Disagreements with Accountants

During our two most recent fiscal years, there have been no disagreements with
either of our accounting firms on any matters of accounting principal or
practices, financial statement disclosures or auditing scope or procedures,
which disagreement(s) if not resolved to the satisfaction of either of our
auditors would have caused them to make reference to the subject matter of the
disagreement(s) in connection with their reports.

On March 19, 2004, as a result of the acquisition of the mining claims, the
Company terminated the services of Gabor & Associates, the certifying
accountants for the year-ended December 31, 2002 and elected Madsen & Associates
CPA's, Inc. and its certifying accountants.

Item 8A.  Controls and Procedures

As of the end of the period covered by this report, we have evaluated the
effectiveness of the design and operation of our disclosure controls and
procedures under the supervision and with the participation of our chief
executive officer ("CEO") and our chief financial officer ("CFO"). Based on this
evaluation, our management, including our CEO and CFO, concluded that our
disclosure controls and procedures were effective, there have been no
significant changes in our internal controls or in other factors that could
significantly affect internal controls subsequent to the evaluation.
     .
                                    PART III

Item 9. Directors, Executive Officers, Promoters And Control Persons; Compliance
        With Section 16(A) Of The Exchange Act

The executive officers and directors of the company as of April 15, 2004 are as
follows:

   Name            Age                    Position
  -------         -----                  -----------
Ralph Jordan       50    Chief Executive Officer , Chief Financial Officer
                         & Director
Tracy Kroeker      33    President, Director
Tolan Furusho      34    Secretary/Treasurer, Director
Jack Laskin        75    Director
Nancy Egan         62    Director

     Ralph Jordan.  Mr. Jordan has been a director of the Company since 1987 and
President of the company since  September 2001. Mr. Jordan is the founder of our
wholly-owned subsidiary.  Envyr and has been employed by it since 1986. Prior to
founding  Envyr,  Mr. Jordan was employee by Data General Corp.  where he headed
the language department.

     Jack  Laskin.  Mr.  Laskin has been a director of the  Company  since 1987.
Prior  to Mr.  Laskin's  retirement  in  1986,  he  was  President  of  Diplomat
Electronics Corp.

                                       18
<PAGE>

     Nancy Egan.  Ms. Egan was elected to the board of directors in December 31,
2001 following the death of her husband the former President of the Company. Ms.
Egan is a homemaker.

     Tolan  Furusho.  Mr. Furusho was elected to the Board of Directors in March
2004. Mr. Furusho has practiced law as a sole practicioner since graduating from
law  school in 1995.  Mr.  Furusho's  principal  area of  practice  is  criminal
defense. He is a 1995 graduate of Seattle University School of Law.

     Tracy  Kroeker.  Ms. Kroeker was elected to the Board of Directors in March
2004.  Since October 2001, Mr.  Kroeker is the Senior Vice  President  of Solid
Resources  Ltd.,  a company engaged in mineral exploration.  From 1996 to 2001,
Ms. Kroeker was the owner and founder of G-2 Enterprises, Inc. a real estate
investment firm

         The term of office of each director is one year and until his successor
is elected at the Company's annual shareholders' meeting and is qualified,
subject to removal by the shareholders. The term of office for each officer is
for one year and until a successor is elected at the annual meeting of the board
of directors and is qualified, subject to removal by the board of directors.

Item 10. Executive Compensation

The following table sets forth information concerning cash and non-cash
compensation paid or accrued for service in all capacities to the Company during
the year ended December 31, 2002 of each person who served as the Company's
Chief Executive Officer during calendar year 2002. No other executive officers
totaled annual salary and bonus exceeded $100,000 during the calendar year ended
December 31, 2002 or for any of the two previous years.
<TABLE>

                                                                             Long-term
 Name & Principal          Annual Compensation                 Other        Compensation
     Position        Year       Salary        Bonus      (Fringe Benefits)  Stock Options
     --------        ----       ------        -----      -----------------  -------------
<S>                 <C>       <C>            <C>          <C>               <C>

Ralph Jordan          2003     $107,000          -              13,056             -
                      2002     $112,000          -              13,056             -
                      2001     $122,000          -              13,056             -
</TABLE>


Our outside directors are compensated for expenses for each Board of Director's
meeting they attend.

Board Committees

The Company currently has an Audit Board.

Item 11. Security Ownership of Certain Beneficial Owners and Management

The following table sets out as of the beneficial ownership of shares of the
Company's common stock as of March 31, 2001 of each shareholder of the Company
to be a beneficial owner of more than 5% of the Company's common stock and all
officers and directors of the Company. The Company has only one class of stock
outstanding and all shareholders have equal per share voting rights.

    Name and                  Amount and
    Address of                Nature of
    Beneficial                Beneficial
    Owner (1)                 Owner                     Percent of Class
   --------------           ---------------            -------------------
    Ralph Jordan                   4,900                      (3)

    Jack Laskin                   13,700                      (3)

    Nancy Egan                    15,420                      (3)

    Tracy Kroeker                    -0-                       -

    Tolan Furusho                150,000                    1.26%

    Morgan Stewart             2,100,000                   17.69%
                               ---------                   ------

All officers & directors
  as a group (5) persons         184,020                    1.55%
                               =========                   ======

                                       19
<PAGE>

(1) All addresses are 4904 Waters Edge Drive, Raleigh, NC 27606

(2) All ownership is direct

(3) Less than 1%


Item 12.  Certain Relationships and Related Transactions

On March 26, 2004,  the Company  executed an Asset  Acquisition  Agreement  with
Solid Resources Ltd. for the acquisition of 12,463 acres of property in Spain. A
director  of the  Company,  Tracy  Kroeker is a Senior Vice  President  of Solid
Resources Ltd.

On August 19, 2003 and November 10, 2003 the Company executed Asset Acquisition
Agreements with Goldtech Mining Corporation (GMC), a Washington corporation. A
director of the Company, Tolan Furusho was the President and director of GMC as
well as a shareholder.

                                     PART IV

Item 13.  Exhibits And Reports On Form 8-K

(a)      Exhibits

2.1  Agreement for the Purchase of Assets of Goldtech Mining  Corporation  dated
     August 29,  2003 filed with Form  10-QSB  for the  quarterly  period  ended
     September 30, 2003.

2.2  Articles and Plan of Merger as filed with the Secretary of State of Nevada,
     filed with Form 10-QSB for the quarterly period ended September 30, 2003.

2.3  Articles  and Plan of  Merger  as  filed  with  the  Secretary  of State of
     Delaware,  filed with Form 10-QSB for the quarterly  period ended September
     30, 2003.

2.4* Contract with Pan America Relations for investor  relations dated March 16,
     2004.

2.5* Asset Acquisition Agreement with Solid Resources Ltd. dated March 26, 2004.

2.6* Asset  Acquisition  Agreement for the acquisition of the Mets Lease and the
     Silver Cup Claims dated November 10, 2003.

3.1  Articles  of  Incorporation  of  Goldtech  Mining  Corporation,   a  Nevada
     corporation filed with Form 10-QSB for the quarterly period ended September
     30, 2003.

3.2  By-laws of  Goldtech  Mining  Corporation  filed  with Form  10-QSB for the
     quarterly ended September 30, 2003.

*  Filed herewith

(b)      Reports on Form 8-K

1.       Form 8-K dated November 5, 2003 reporting a change in control of the
         company; the acquisition of additional gold mining claims and the
         results of the voting at the special shareholders meeting held on
         November 5, 2003.

Item 14.  Principal Accountants Fees and Services

Audit fees        $8,750
Other fees             0

                                   SIGNATURES

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

                                    By: /s/ Ralph Jordan
                                        ----------------------------------------
Dated: April 21, 2004               Ralph Jordan
                                    Executive Officer & Chief Financial Officer

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


       Name                           Title                          Date
      -------                        --------                      --------

/s/ Ralph Jordan
-------------------------
Ralph Jordan                Chief Executive Officer, Chief
                            Financial Officer &  Director        April 21, 2004


/s/ Jack Laskin             Director                             April 21, 2004
-------------------------
Jack Laskin


/s/ Nancy Egan              Director                             April 21, 2004
-------------------------
Nancy Egan

/s/ Tracy Kroeker           President, Director                  April 21, 2004
-------------------------
Tracy Kroeker


/s/ Tolan Furusho           Secretary/Treasurer, Director        April 21, 2004
--------------------------
Tolan Furusho



                                       20
<PAGE>

                                 CERTIFICATIONS

I, Ralph Jordan, certify that:

1. I have reviewed this annual report on Form 10-KSB of Goldtech Mining
Corporation;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

1. The registrant's other certifying officers and I are responsible for
establishing and maintaining
2. disclosure controls and procedures (as defined in Exchange Act Rules 13a-14
and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this annual report is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
annual report (the "Evaluation Date"); and

         c) presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.





Dated: April 21, 2004

By: /s/ Ralph Jordan
------------------------
Ralph Jordan
Chief Executive Officer

                                       21
<PAGE>

I, Ralph Jordan, certify that:


1. I have reviewed this annual report on Form 10-KSB of Goldtech Mining
Corporation;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this annual report is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
annual report (the "Evaluation Date"); and

         c) presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Dated: April 21, 2004

By: /s/ Ralph Jordan
-----------------------
Ralph Jordan
Chief Financial Officer

                                       22
<PAGE>

 CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT
               TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                 SECTION 906 OF TEHE SARBANES-OXLEY ACT OF 2002



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

I,  Ralph  Jordan,  certify,  pursuant  to 18 U.S.C.  Section  1350,  as adopted
pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002,  that the Quarterly
Report of Goldtech Mining Corporation;  on Form 10-KSB for the fiscal year ended
December 31, 2003 fully complies with the requirements of Section 13(a) or 15(d)
of the Securities  Exchange Act of 1934 and that  information  contained in such
Form 10-KSB fairly presents in all material respects the financial condition and
results of operations of Goldtech Mining Corporation.



By: /s/ Ralph Jordan

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

Name: Ralph Jordan

Title: Chief Executive Officer

April 21, 2004


                                       23
<PAGE>


 CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT
               TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                 SECTION 906 OF TEHE SARBANES-OXLEY ACT OF 2002


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

I,  Ralph  Jordan,  certify,  pursuant  to 18 U.S.C.  Section  1350,  as adopted
pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002,  that the Quarterly
Report of Goldtech Mining Corporation;  on Form 10-KSB for the fiscal year ended
December 31, 2003 fully complies with the requirements of Section 13(a) or 15(d)
of the Securities  Exchange Act of 1934 and that  information  contained in such
Form 10-KSB fairly presents in all material respects the financial condition and
results of operations of Goldtech Mining Corporation.



By: /s/ Ralph Jordan
------------------------------
Name: Ralph Jordan

Title: Chief Financial Officer

April 21, 2004




                                       24