UNITED  STATES  SECURITIES  AND  EXCHANGE  COMMISSION
                            WASHINGTON,  D.C.  20549

                                   FORM 10-KSB





     (Mark  One)

     [  X  ]  Annual report under Section 13 or 15(d) of the Securities Exchange
              Act  of  1934

     For  the  fiscal  year  ended  December  31,  2000

     [    ]  Transition  report  under  Section  13  or  15(d) of the Securities
             Exchange  Act  of  1934

     For  the  transition  period  from  _________  to  _________

     Commission  File  No.  09489

                                  YOURNET, INC.
                 (Name of Small Business Issuer in Its Charter)

        NEVADA                                         88-0164955
(State  or  Other  Jurisdiction  of                   (IRS Employer
 Incorporation  or  Organization)                 Identification  Number)

   900,  12  CONCORDE  PLACE
   TORONTO,  ONTARIO,  CANADA                            M3C 3T1
(Address  of  Principal  Executive  Offices)           (Zip  Code)

                                 (416) 385-6901
                           (Issuer's Telephone Number)
           SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
                                     (None)

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
                         Common Stock, par value $0.001
                                (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 12 months (or for such
shorter  period  that the registrant was required to file such reports); and (2)
has  been  subject  to  such  filing  requirements  for  the  past  90  days.

     Yes   [ X ]    No   [   ]

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

     State  issuer's  revenues  for  its  most  recent  fiscal year.     $     0

     The  aggregate  market value of voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
sold, or the average bid and asked prices of such common equity, as of April 30,
2001  (See  definition  of  affiliate  in  rule  12b-2  of  the  Exchange Act.),
totals  $1,583,648.

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as  of the latest practicable date.  20,455,903 as of April 30,
2001.

                       DOCUMENTS INCORPORATED BY REFERENCE

     If  the following documents are incorporated by reference, briefly describe
them  and  identify  the  part of the form 10-KSB (e.g., Part I, Part II, etc. )
into  which  the  document  is  incorporated:  (1) any annual report to security
holders;  (2)  any  proxy or information statement; and (3) any prospectus filed
pursuant to rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act").
The  listed  documents  should  be clearly described for identification purposes
(e.g.,  annual  report  to  security  holders for fiscal year ended December 24,
1990).

None.

     Transitional  Small  Business  Disclosure  Format  (check  one):

Yes [  ] No  [ X ]

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<PAGE>


                                TABLE OF CONTENTS


                                     PART I

Item  1          Description  of  Business.

Item  2          Description  of  Property.

Item  3          Legal  Proceedings.

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

                                     PART II

Item  5          Market  for  Common  Equity  and  Related  Stockholder Matters.

Item  6          Management's  Discussion  and  Analysis.

Item  7          Financial  Statements.

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

                                    PART III

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

Item  10         Executive  Compensation.

Item 11          Security Ownership of Certain Beneficial Owners and Management.

Item  12         Certain  Relationships  and  Related  Transactions.

Item  13         Exhibits  and  Reports  on  Form  8-K.





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<PAGE>
                                INTRODUCTORY NOTE

This  Annual  Report  on  Form  10-KSB  may be deemed to contain forward-looking
statements  within  the meaning of Section 27A of the Securities Act of 1933 and
Section  21E  of  the Securities Exchange Act of 1934.  The Company intends that
such  forward-looking  statements be subject to the safe harbors created by such
statutes.  The  forward-looking  statements included herein are based on current
expectations  that involve a number of risks and uncertainties.  Accordingly, to
the extent that this Annual Report contains forward-looking statements regarding
the  financial  condition,  operating  results,  business prospects or any other
aspect  of  the  Company,  please be advised that the Company's actual financial
condition, operating results and business performance may differ materially from
that  projected  or estimated by the Company in forward-looking statements.  The
differences  may be caused by a variety of factors, including but not limited to
adverse  economic  conditions, intense competition, including intensification of
price  competition  and  entry of new competitors and products, adverse federal,
state  and local government regulation, inadequate capital, unexpected costs and
operating  deficits,  increases in general and administrative costs, lower sales
and revenues than forecast, loss of customers, customer returns of products sold
to  them by the Company, disadvantageous currency exchange rates, termination of
contracts,  loss  of  suppliers,  technological  obsolescence  of  the Company's
products,  technical  problems  with the Company's products, price increases for
supplies  and  components,  inability  to  raise  prices,  failure to obtain new
customers,  litigation and administrative proceedings involving the Company, the
possible  acquisition  of new businesses that result in operating losses or that
do  not  perform as anticipated, resulting in unanticipated losses, the possible
fluctuation  and  volatility  of  the  Company's  operating  results,  financial
condition  and  stock  price,  losses incurred in litigating and settling cases,
dilution  in the Company's ownership of its business, adverse publicity and news
coverage,  inability  to carry out marketing and sales plans, loss or retirement
of  key  executives,  changes in interest rates, inflationary factors, and other
specific  risks that may be alluded to in this Annual Report or in other reports
issued  by the Company.  In addition, the business and operations of the Company
are  subject to substantial risks which increase the uncertainty inherent in the
forward-looking  statements.  In light of the significant uncertainties inherent
in  the  forward-looking  information  included  herein,  the  inclusion of such
information  should  not  be  regarded as a representation by the Company or any
other  person  that  the  objectives  or  plans of the Company will be achieved.

                                        3
<PAGE>

                                     PART I

ITEM  1  -  DESCRIPTION  OF  BUSINESS

BACKGROUND  OF  THE  COMPANY

Yournet,  Inc.  (the "Company" or "Yournet") is a development stage company that
plans  to  provide  and  develop  Internet  services  and  infrastructure in the
emerging  European  Internet  marketplace.  The  Company also intends to provide
help  desk  support  and  value-added  services to Internet Service Providers in
Europe.

The Company was originally incorporated on March 11, 1980, as Associated Medical
Devices,  Inc.,  under  the  laws of Nevada for the development and marketing of
various  devices. Due to the non-payment of required fees and filing of required
reports, the Company forfeited its corporate charter during 1986 and was revived
in  February  1995.

Pursuant  to  an Acquisition Agreement dated, July 1, 1999, and finally executed
on  October 20, 1999, John F. Huguet ("Huguet") and Gold Crown Holdings Limited,
a  British  Virgin  Islands  corporation  ("Gold  Crown"),  acquired  4,968,000
restricted shares of the Company's common stock, comprising approximately 85% of
the  Company's issued and outstanding Shares, in exchange for 100% of the issued
and  outstanding  common stock of Euro American Business Group, Inc., a New York
corporation  owned  by Huguet and Gold Crown.  Contemporaneously thereto, Huguet
and  Gold  Crown purchased 25,000 shares of Registrant's common stock from Glenn
A.  Little,  a  director  of  the  Company for $200,000.  In anticipation of the
execution  of  the  above  agreement,  on  October 7, 1999, the directors of the
Company  tendered  their  resignations as directors of the Company and appointed
new  directors  and  officers.


                                        4
<PAGE>


Prior  to  the  Agreement,  the  Company was a development stage company with no
significant  operations,  seeking  a  new  business  plan.  At  the  time of the
Agreement,  Euro  American  Business  Group,  Inc., had conducted no business to
date, but had plans to become a  provider of low cost internet access in Europe.
To  better reflect the Company's new business plan, the Company changed its name
to  Yournet,  Inc.  on  October  20, 1999.  The Company's common stock currently
trades  on  the Over-the-Counter Bulletin Board under the trading symbol "YOUR."

BUSINESS  OF  THE  COMPANY

Under  its  new  management,  the  Company's  mission is to provide the European
Virtual  Internet Service Provider ("VISP") market with fast, cost-effective and
efficient  Internet  access,  while  supplying  Internet  products and services,
e-commerce  products  and  services,  Internet  content  (both  localized  and
International)  and  customer support through the Company's strategic alliances,
partnerships  and  acquisitions.

Virtual  Internet  Services  Providers  are  internet  providers  who  lease the
facilities  and infrastructure of other large ISPs, Telecommunications companies
("Telcos"),  or  infrastructure providers. The VISP role is then to market their
site,  build  content  specific  to their users' needs and provide their members
with  all  of  the  services  typical  of  an  ISP without having to provide the
platform  on  which  their  service  runs.  Typically  this  results  from large
corporations  and  associations  forming  VISPs  to  provide their employees and
members  with  services  specific  to  the organization. This market presents an
opportunity for the Company to gain numerous members and users without having to
provide user specific content.  Initially, the Company plans to acquire UK-based
Internet  Service Providers ("ISP").  These ISPs will provide the starting point
for  the infrastructure that the Company requires.  Through this infrastructure,
the  Company  will  target  the  VISPs.  Rather  than handle specific individual
end-users,  the  Company  intends  to cater to these VISPs.  The VISPs will have
direct  contact  with  the  customer,  while  the  Company  handles  all  of the
infrastructure  and  support  requirements.

Also,  as  the  marketplace  changes  its revenue models, and moves towards free
service, the Company will be well positioned based upon the additional services,
content,  and  e-commerce abilities it will provide to these VISPs.  In essence,
the  Company provides all back-end infrastructure and value-added content to the
VISPs,  who  will  then offer these services to the end-user.  At each step, the
Company  will  control  revenue.

DEVELOPMENT  AND  STRATEGY  OF  THE  COMPANY

THE  VISP

Virtual  Internet Service Providers ("VISPs") are extremely prevalent throughout
the  UK.  Everything  the  end user sees is provided by the VISP.  The VISP acts
primarily  as  a  marketing firm, catering to the customers demands for services
and  content  without actually owning or operating the infrastructure behind the
scenes.  The VISPs responsibility is to maintain their site, in terms of content
and  design,  and  attract  more  customers  to  the  VISP.

Due to the nature of the Telecommunications industry in England, the VISPs gains
their  revenues  indirectly  from the ISP/Infrastructure provider.  Each dial-up
call  made costs the customer a certain amount per minute, charged by the Telco.
The  Telco,  then  pays  the  ISP  a certain percentage (up to 65%) of the total
billed  for  that  call.  In  turn,  the  ISP  pays the VISP.  It is this middle
position  that  the  Company  is  targeting  for  its  business  model.

YOURNET,  INC.  -  THE  ISP

By  providing  the  Dial-up  service,  servers,  and routers, necessary for each
individual VISP to function, the Company plans to gain control of the operation.
The  Company  also  gains an advantage of only having to market to VISPs and not
individual  customers  thereby  putting  less strain on the marketing arm of the
Company.

In order to be competitive within the marketplace, the Company is also aiming at
other  revenue generating possibilities.  The Company's management believes that
in  the  near  future  100%  free  dial-up service will begin to dominate the UK
marketplace  (and most of Europe).  Therefore, the Company is positioning itself
to  develop  additional value-added products and service.  However, there can be
no  assurances  that the Company will be successful in developing such services.

One  immediate addition will be the Company's vast customer service call center,
which  will provide to each VISP customer the necessary Help Desk Support.  This
ensures  the  best  relationships  possible  for both our VISP clients and their
customers. This will, however be an  invisible service' as the end-customer will
believe  that  they  are  talking with their VISP.  This stands to be one of the
larger revenue-generating services, as help desk support calls will initially be
charged  for,  and  later  will  be  financially  supported  by the VISPs.  This
strategy  gives an incentive for the VISP to ensure the content on their site is
helpful and easy to understand for their users, which reduces the amount of help
desk  billings  to  them  and  improves the quality of the service which in turn
should  attract  more  users.

INDUSTRY  OVERVIEW

Internet  commerce is much bigger today than previous estimates. (Source for the
following industry data: University of Texas/Cisco Study and The Economist: 1999
World  Figures.)  The  Internet  commerce layer of revenue of $101.89 billion is
much  larger  than  previously reported figures. This larger revenue estimate is
attributable to the comprehensive nature of the universe of companies identified
for  this  layer.  For  example,  the  universe  of U.S. companies in this layer
consisted  of  close to 11,000 players, which is in sharp contrast to the top 50
or  100 companies often considered in Web-revenue measurement studies.  In fact,
the  data  collected  suggests  that the top 80 players at the Internet commerce
layer  contributed  only  a  third  of  the  layer's  revenues.

The  U.S.  Internet  economy  grew at an estimated Cumulative Annual Growth Rate
("CAGR")  of 174.5% from 1995 to 1998, compared to the overall worldwide average
economic  growth  rate (which includes the U.S. Internet Economy) of 3.8% in the
same  period. While a direct comparison between worldwide Gross Domestic Product
("GDP")  and  the  Internet  Economy  Revenue  Indicators  is unwarranted due to
differences  in  what  the  measures  stand for, it is evident that the Internet
Economy  is  growing  at  an  astounding  rate.

A  more  convincing  comparison  underscoring  the  rapid growth in the Internet
economy  involves a comparison with GDP growth in the U.S. economy. The U.S. GDP
grew  at  a CAGR of 2.8% from $6762 billion in 1995 to $7552 in 1998. Admittedly
much  of  this  unparalleled  initial  growth  in  the Internet Economy could be
attributed  to a large substitution effect whereby economic activities conducted
in  the physical or non-Internet world are now being transferred to the Internet
and  IP-based  networks.

In  just five years (since the introduction of the World Wide Web), the Internet
economy  already  rivals  century-old  sectors  like  energy  ($223  billion),
automobiles ($350 billion), and telecommunications ($270 billion) in size. Also,
the  average  revenue per Internet economy worker is about $250,000, or about 65
percent  higher  than  their Industrial Economy counterparts. For example, there
are  1.5  million  workers  in  the manufacturing component of the auto industry
generating  $240  billion  -  or  $160,000  per  employee.

With  more than $300 billion in Internet-based revenues in 1998, the total value
of  the  U.S.-based Internet Economy is by itself one of the top 20 economies in
the  world.  With  the caveat that total revenues are not directly comparable to
GDP,  and  for  the sake of illustration, if the U.S.-based Internet economy (as
measured in terms of total revenues) were a nation by itself, it would rank 18th
worldwide behind Switzerland and ahead of Argentina in terms of GDP. If the U.S.
based  Internet  economy  grows at its four-year average rate of 174.5%, it will
rapidly  climb  the  ranking  chart.

Revenues  of  the  Internet  infrastructure and applications layers totaled $171
billion,  while  the  intermediary and Internet commerce layers contributed $160
billion.  This  shows  the  early development state of the Internet economy, and
suggests  the  need  to  foster  rapid  growth  at the intermediary and commerce
layers.  As  economic  activity in virtually every business sector shifts to the
Internet  or  IP  based  networks,  the  intermediary and commerce layers should
ultimately  turn  out to be much larger than the infrastructure and applications
layers. Of course, the infrastructure and applications layers are also likely to
experience  dramatic  growth  as  the  Internet  keeps expanding globally and as
companies  commit  themselves  to  building intranets and extranets.  Given that
less  than  10%  of  companies  had an intranet in 1998, there is ample room for
sustained  growth  in  the  infrastructure  and  applications  layers.

The  market value of U.S. companies with substantial Internet revenue exceeds $3
trillion.  Of the 3,000 companies measured, the 20 of the largest companies with
significant  Internet-based  revenues alone have a combined market value of $2.4
trillion.  When  added  to the other companies, this number exceeds $3 trillion.
The  Internet  has played a key role in raising market values as investors flock
to  companies  that  are  leveraging  the  Internet  for business opportunities.

                                        5
<PAGE>

Global  Statistics  and  Market  Overview

The  European  Union  EU/  Western  Europe

At  the  official  level  the  EU  is  fully  supporting  a  liberalized
telecommunications policy for EU member states.  Decision-makers in both private
and  public  sectors  are working to ensure that they are prepared to compete in
the  emerging  global  and  increasingly  digital  economy.

The  European  private  sectors  support for the "Internet" and its many uses is
evidenced  by their commitment to spending better than twice as much per website
than  what  is  to  be  spent  in North America.  Europeans will average $77,000
investment  per  site  while  North  America  reported  an average investment of
$33,500.  This  development  is  a  positive  indication of a rapid expansion in
content  and  European  e-commerce  activities.

Europe  has nearly half as many online users as North America, and although late
to  start,  there  is strong growth in online populations and content generally.
It is expected that European e-commerce will surge in 2000, when global consumer
e-payments  and  anti-fraud  systems  strengthen,  and  current  non-US  website
investments  in  e-commerce  enabling  take  hold.  (ActivMedia)

Western  Europe  Online

Internet  users  in Germany are far more likely to use on-line home banking than
users  in Britain or France, according to the findings of the NOP Research Group
in March 1998. Five times as many Internet users in Germany said they had banked
via  the  Internet  during  the  previous 12 months than in Britain. One in five
users  in  Germany  said  they  had  used  the  Internet to search for financial
information  over  the  same  period.
There  are also significant differences in where people use the Internet. French
adults  are  most likely to use the Internet at home while usage of the Internet
in  schools  and  universities  is  highest  in  Britain.

The  NOP  findings indicate that, as a proportion of the total adult population,
the percentage of people who have used the web in the past four weeks is highest
in  Britain  and  Germany.  The  figure  for  Britain is 9 percent (4.31 million
people)  and  for Germany also 9 per cent (6.1 million people). France currently
has  the  smallest proportion of Internet users with relation to its total adult
population  -  6  per  cent  (2.87  million  people).
Internet usage has affected the length of time people spend on other activities.
For  example,  around  one in five Internet users in Britain, France and Germany
are  spending  less  time  watching  TV  as  a  result  of  using  the Internet.

There  are wide differences between the levels of satisfaction with the Internet
from  country  to  country. Twice as many French respondents said that, overall,
they  were  dissatisfied' with the Internet than in Britain and Germany. This is
likely  to  be  explained  by  the fact that users in France are unable to see a
significant  advantage in having access to the Internet over Minitel (Minitel is
a  proprietary text-based, on-line service provided by France Telecom. Users can
access  around  25,000  services  via  their  telephone  lines).

Germany

In  March 1999, Nua Internet Surveys reported that there were 8.4 million people
with Internet access in Germany.  This figure represents 10 percent of the total
population. The majority of German users, 54 percent, are between the ages of 20
and  39.  The  new  figure  marks  an increase of over one million since October
1998,  it  was  estimated  that  7.3  million  Germans  had  Internet  access.

AOL  Germany  cut its online fees in September to about EUR 10 per month and its
telecommunication  charges  to  about  ECU  0.015  per  minute.  The  cut  in
telecommunication  charges  became  feasible after Deutsche Telekom AG, owner of
AOL's  biggest  rival,  T-Online, created a new price structure for bigger ISPs.
Following  the  introduction  of  the  new  price  structure,  AOL Germany is to
restructure  its organization. The headquarters of AOL and Compuserve in Germany
will  merge  to  reduce  overheads  and  increase  efficiency.

The  major  credit  companies,  represented  by their associations in the German
Credit  Committee  (ZKA),  have  reached  a  decision  to  introduce  a  common
payment-standard  in  the  German  section  of the Internet. The electronic cash
card,  a chip-based cash card, will be used to make electronic transactions more
straightforward.  Germans  already  use  about 50 million cash and credit cards.
This  will  be  the  foundation  for  further  expansion  into  the field of Web
transactions.  According  to  the  ZKA, several hardware companies are trying to
enter  the  market  with  a  cash-module  for  the  PC.

The  German  government  has  initiated  new  legislation  to govern e-commerce,
covering  online  sales  contracts,  consumers' rights, and disclosure policies.
The  proposed  legislation  will address the issue of the online sales contract,
increasing the onus on businesses and merchants to provide comprehensive product
information  to  consumers  purchasing at their site.  The legislation will also
provide  increased  protection  for  consumers
wishing  to  cancel  or  withdraw  from  a  purchase.


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If passed, the legislation will replace the EU Directive on Distance Sales,
which  to date has covered mail order, telephone, fax, email, Internet and video
text  sales  in  Germany.  The  issue  of  unsolicited  advertising,  goods, and
credit-card  indemnification  will  also  be  addressed.

COMPETITION

Although  most  Internet  access  is  free of charge in Europe, the Company will
derive  revenues  for  telecommunication  time  and consulting fees. The Company
recognizes  there  is  untapped  potential  for  continued growth within the ISP
Markets  of  the  United  Kingdom.

The  Company's two largest potential competitors in the UK marketplace (which is
the  initial  launching  point  of  the Company) are FreeServe and AOL.  Between
these two companies over 50% of UK users are members.  (Source: Company Reports,
ITU,  Deustche  Bank  Estimates.)

According  to the Dow Jones International News Service, a number of companies in
the  UK  are  introducing  free-ish'  services (Freeserve).  These services only
make users pay local calling rates.  Others are now offering free dial-up and no
local  calling  charges.  Instead,  companies like AOL charge subscription fees.
More  recently,  companies  have  begun to provide free dial-up, no subscription
fees,  and no local calling rates.  These companies will begin to increase their
market  share,  and  pose  the  largest  threat to the Company.  One of the most
rapidly  growing  companies  is  CallNet who is attracting customers are a large
rate.  However,  the  costs associated with such a model do not make it a viable
strategy  for  the  Company.

The  Company  plans  on  competing  with  these  competitors  through its unique
packages  of  services/products'.  By  providing  free basic access and charging
subscription  fees  for  a vast array of add-on products the Company will try to
generate the interest of Free access as well as develop a viable revenue stream.
The  business  model  of  the  Company will derive its revenues from many venues
including:  e-commerce,  ISP  charges,  internet  content  agreements, licensing
agreements  with  telecommunication  companies  and  ISP's and a wide variety of
International Internet electronic Commerce.  However, there can be no assurances
that  the  Company will be able to compete successfully against its competitors.
Failure  to compete successfully could have a materially adverse effect upon the
Company's  future  results  of  operations  and  financial  conditions.

DEPENDENCE  ON  KEY  CUSTOMERS

The  Company is currently not dependent on any single customer for a significant
portion  of its annual sales.  The Company believe its customer base will change
on  a  continuous  basis  as  new  customers are added or old customers removed.

MAJOR  SUPPLIERS

The  Company  is  currently  not  dependent  on  any  major  suppliers.

REGULATION

The  Company  is  not  currently subject to any State or Federal regulation with
respect  to  its Internet related services.  However, there can be no assurances
that  the  Company  will  not  be  subject  to  such  regulations in the future.
Additionally,  the  Company  is  not aware of any pending legislation that would
have  a  material  adverse  affect  on  the  Company's  operations.

At present, the United Kingdom has no comprehensive regulatory regime applicable
to the internet industry and there are few specifically applicable requirements.
Internet  service  providers  are  required to register with the Data Protection
Registry.  Under  recently  enacted legislation, those providing data encryption
services are subject to regulation.  Otherwise, the internet industry is subject
to  the  company law and generally applicable statutes and regulations governing
commercial  activities  conducted in the United Kingdom.  The Company intends to
fully comply with all laws and regulations, and the constraints of international
restrictions  that  could  impact  the  success of the Company.  There can be no
assurances  that  the  Company  will  not  be  subject  to  other  international
regulations  in  the  future.

PATENTS,  TRADEMARKS,  LICENSES

The  Company  does  not  depend  upon  any  patents or trademarks to conduct its
business;  nor  does  the  Company  hold  any  such  patents  or  trademarks.

COST  OF  COMPLIANCE  WITH  ENVIRONMENTAL  REGULATIONS

The Company currently has no costs associated with compliance with environmental
regulations.  However,  there  can  be  no  assurances that the Company will not
incur  such  costs  in  the  future.

NUMBER  OF  EMPLOYEES

As of April 30, 2001, the Company employed one person, its President, Secretary,
and  CFO,  Robert  Kubbernus.

ITEM  2.  DESCRIPTION  OF  PROPERTY

As  of April 30, 2001, the Company had no properties.  Through an oral agreement
with the Company's Sole Director, Robert Kubbernus, the Company's operations are
located  at 900, 12 Concorde Place, Toronto, Ontario, Canada, M3C 3T1.  There is
no  rental  charge  to  the  Company  for  office  space.  There  are  no  other
preliminary  agreements  with  respect  to  future  offices  or  facilities.

ITEM  3.  LEGAL  PROCEEDINGS

The  Company  may  from  time  to  time be involved in various claims, lawsuits,
disputes with third parties, actions involving allegations of discrimination, or
breach  of  contract  actions  incidental to the operation of its business.  The
Company is not currently involved in any such litigation which it believes could
have  a  materially  adverse  effect  on  its  financial condition or results of
operations.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

There  were no matters submitted to a vote of security holders during the fourth
quarter  of  the  year  ended  December  31,  2000.

                                        7
<PAGE>
PART  II

ITEM  5.       MARKET  FOR THE REGISTRANT'S COMMON STOCK AND RELATED SHAREHOLDER
               MATTERS

MARKET  INFORMATION

The  following  table  sets  forth the high and low bid prices for shares of the
Company  Common  Stock  for the periods noted, as reported by the National Daily
Quotation  Service  and the Over-the-Counter Bulletin Board.  Quotations reflect
inter-dealer prices, without retail mark-up, mark-down or commission and may not
represent  actual  transactions.  On  March  5, 1998, the Company's Common Stock
began  listing  on  the Over-the-Counter Bulletin Board under the trading symbol
"ASSM."  To  reflect the Company's new business plan and name change to Yournet,
Inc.,  the  Company  changed its trading symbol to "YOUR," on November 10, 1999.


             CALENDAR                           BID  PRICES
               YEAR          PERIOD          HIGH          LOW
               ----          ------          ----          ---

               1999      First  Quarter      .01           .002
                         Second  Quarter     .03           .002
                         Third  Quarter      5.00           .02
                         Fourth  Quarter     4.00          1.50

               2000      First  Quarter      3.50          1.25
                         Second  Quarter     3.00           .75
                         Third  Quarter      1.50           .63
                         Fourth  Quarter     1.00           .38

NUMBER  OF  SHAREHOLDERS

The number of beneficial holders of record of the Common Stock of the Company as
of  the  close  of  business  on  April  30,  2001  was  approximately  2,529.

DIVIDEND  POLICY

To  date,  the  Company  has declared no cash dividends on its Common Stock, and
does  not expect to pay cash dividends in the next term.  The Company intends to
retain  future earnings, if any, to provide funds for operation of its business.

CHANGES  IN  SECURITIES

Effective  April  21,  1999,  as  approved  at  the  Company's Annual Meeting of
Shareholders  on  March  1,1999,  the  Company executed a one-for-five (1-for-5)
reverse  stock split of the Company's common stock.  As a result,  the number of
shares  issued  and  outstanding  of  the  Company's common stock was reduced to
8,824,763.

On  June  28,  1999,  a majority of shareholders approved a one-for-five hundred
(1-for-500) reverse stock split, effective July 12, 1999, thereby decreasing the
number  of  issued  and  outstanding  shares  of  common  stock  to  44,031.

On  September  7,  1999,  the  Company  filed  a Form S-8 Registration under the
Securities Act of 1933 with the United States Securities and Exchange Commission
to  register  389,500  shares  of  stock  issued  pursuant  to the Dominick Pope
Consulting Agreement and the Steven L. Siskind, Esq. Legal Consulting Agreement.
These  shares  were  valued  at  an aggregate of $194,675 which approximates the
"fair  value"  of  the services rendered to the Company and of the stock itself.

On  November  8,  1999,  the  Board  of  Directors  authorized  a
three-and-a-half-for-one  (3.5-  for-1)  forward stock split, thereby increasing
the  number  of  issued  and  outstanding  shares of common stock to 20,455,903.




                                        8
<PAGE>
ITEM  6.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

The  following  discussion  contains certain forward-looking statements that are
subject  to  business  and  economic  risks and uncertainties, and the Company's
actual  results  could  differ materially from those forward-looking statements.
The  following  discussion  regarding  the  financial  statements of the Company
should  be  read in conjunction with the financial statements and notes thereto.

GENERAL  OVERVIEW

The  Company's prior full fiscal year ending December 31, 2000 is not indicative
of  the  Company's  current  business  plan  and operations.  During the periods
ending  December 31, 1997, December 31, 1998, and December 31, 1999, the Company
was  inactive  and  had  no revenues.  After the Company's acquisition by Oxford
Capital  Corporation,  as  previously  discussed, the Company's current business
plan was implemented.  Therefore, this Management's Discussion and Analysis will
discuss  the  Company's  plans  for  the  development  and implementation of its
proposed  Internet  business  under  the  heading,  Plan  of  Operations.  For
information concerning the Company's prior full fiscal years, the Company refers
the  reader  to  the  financial  statements  provided  under Part F/S, contained
herein.

PLAN  OF  OPERATIONS  FOR  THE  COMPANY

Presently  the  Company  is  seeking  acquisition  targets in the UK and Europe.
These  targets  will be integral to the implementation of the plan.  The Company
projects  that  these  targets  will  form  the base from which the Company will
operate.

The Company has been screening targets for a number of months and is nearing the
selection  phase.  In  order  to  be  prepared  for  closing on acquisitions the
Company is also in negotiations with a number of financial institutions to raise
financing.  The  Company  is seeking a first round of financing that will enable
it  to  acquire,  develop,  and market the chosen targets as well as implement a
UK-wide  and  Europe-wide  marketing  campaign  and  roll-out.  The  Company has
targeted  USD  $10  million  as  it's initial financing target.  There can be no
assurances  that the Company will be successful in reaching its target.  Failure
to  meet such financing requirements may have a materially adverse effect on the
Company's  operations  and  financial  condition.

The  Company  projects  that  its  initial  targets  will be UK based.  Once the
targets have been integrated, the management of the Company will actively pursue
other  targets  throughout Europe.  The Company hopes to have by the end of 2000
ISP  services  accessible  across  Europe.  In  the  pursuit of this growth, the
Company  foresees  its  operating expenses increasing dramatically.  Some of the
financing  will  be  used  to  cover  these  increases  in  expenses.

The  Company  is seeking alliances and strategic partners to allow it to provide
value added services to their customers.  One of the primary areas of focus will
be  telephony  technology with the ultimate goal of providing free long distance
calls throughout the EU (as well as local calls where applicable).  By combining
ISP  services with Long Distance services the Company feels that it will be able
to  successfully  implement  a  EU-wide  marketing  campaign.  The  Company  is
currently in negotiations with a number of telephony providers to gain exclusive
European  distribution  rights.  However,  there  can  be no assurances that the
Company  will  be  successful  in  its  negotiations.

The  Company plans to launch a marketing campaign in the UK, Spain and France by
the  end of August.  Part of the campaign will be the launching of the Company's
new  web-site  providing  local,  regional  and  international  news,  financial
information  and  social  events.  The  campaign  will  also mark the launch our
telephony technology.  Failure of the Company's marketing campaign in the future
may  have  materially  adverse  effects on the Company's operations.  During the
next  twelve  months, the Company plans to concentrate its efforts on developing
its  services  and  identifying specific markets and clients for these services.
Because  the  Company  remains  essentially  a start-up development company with
limited  capital  resources,  it  may  be  necessary for the Company's principal
shareholder,  Oxford Capital Corp. to either advance funds to the Company, or to
accrue  expenses  until  such  time  as  an  additional  financing  can be made.
Management  intends  to  hold  expenses to a minimum and to obtain services on a
contingency  basis  when  possible  until  the Company's product development and
marketing  reaches  a  point  when  additional  financing  will  be  possible.
It is clear to the Company that present funding is not sufficient for the launch
of  its operations, and that it must interest investors in one or more secondary
capital  formation  programs  before  it  can  launch.

Management  is  now  engaged  in  evaluating  the feasibility of further limited
offerings  or  private  placements,  whether  to develop a program for investors
involving  royalties  or  profit  participation  in  actual  product sales, with
investments  tied  to  specific  products,  or  whether  to  attempt to register
securities for sale, pursuant to Section 5 of the Securities Act of 1933.  It is
the  conclusion  of  management that significant additional capital formation is
necessary  to  launch  operations  successfully.

The Company does not intend to use any employees, with the possible exception of
part-time clerical assistance on an as-needed basis, until the Company begins to
earn  revenues  from  operations.  Outside  advisors or consultants will be used
only  if they can be obtained for a minimal cost or on a deferred payment basis.
Management  is  confident  that  it will be able to operate in this manner as it
continues  to  develop  its  business  plan  during  the  next  twelve  months.

The  Company  does  not  anticipate  performing research and development for any
products  during  the  next  twelve  months.

The  Company  does not anticipate the sale of any significant property, plant or
equipment  during  the  next  twelve months. The Company does not anticipate the
acquisition  of  any significant property, plant or equipment during the next 12
months.

LIQUIDITY  AND  CAPITAL  RESOURCES

At  December  31,  2000,  the  Company  had no revenue and owned no assets.  The
Company incurred a net loss of $ 79,365 during the year ended December 31, 2000,
and  $393,112  during  the  year ended December 31, 1999.  The Company's current
liabilities  exceeded  its  current  assets  by  $109,803  and the Company has a
$3,230,966  deficiency in retained earnings as of December 31, 2000.  Failure of
the  Company to secure requisite financing when needed and on favorable terms in
the  future  may  have  a  material  adverse  effect of the Company's results of
operations.

The  company's  independent  certified  public  accountants have stated in their
report  included  in  this  Form 10-KSB, that the Company has incurred operating
loss  losses  in  the  last  two  years, and that the Company is  dependent upon
management's  ability  to  develop  profitable  operations.  These factors among
others, may raise substantial doubt about the Company's ability to continue as a
going  concern.

RECENT  ACCOUNTING  PRONOUNCEMENTS

The  Company  adopted  Statement  of  Financial  Accounting  Standards  No. 132,
Employers'  Disclosures  about Pension and Other-Post Employment Benefits ("SFAS
132").  SFAS  No.132  establishes  disclosure requirements regarding pension and
post  employment  obligations.  SFAS  No.  132 does not effect the company as of
December  31,  2000.

In  March  1998,  Statement of Position No. 98-1 was issued, which specifies the
appropriate accounting for costs incurred to develop or obtain computer software
for internal use.  The new pronouncement provides guidance on which costs should
be  capitalized,  and  over  what period such costs should be amortized and what
disclosures should be made regarding such costs. This pronouncement is effective
for  fiscal  years beginning after December 15, 1998, but earlier application is
acceptable.  Previously  capitalized  costs  will  not be adjusted.  The Company
believes  that  it  is  Already  in  substantial  compliance with the accounting
requirements as set forth in this new pronouncement, and therefore believes that
adoption  will  not  have  a material effect on financial condition or operating
results.

The  Company  adopted  Statement  of Financial Standards No. 133, Accounting for
Derivative  Instruments and  for Hedging Activities ("SFAS No. 133") in the year
ended  December  31,  2000.  SFAS  No.133  requires  that  certain  derivative
instruments  be  recognized  in  balance sheets at fair value and for changes in
fair  value to be recognized in operations. Additional guidance is also provided
to  determine  when  hedge  accounting  treatment is appropriate whereby hedging
gains  and  losses are offset by losses and gains related directly to the hedged
item.  SFAS  No.  133's  impact  on  the  Company's  financial statements is not
expected  to be material as the Company has not historically used derivative and
hedge  instruments.

In December 1999, the Securities and Exchange Commission issued Staff Accounting
Bulletin No. 101(" SAB 101"), Revenue Recognition in Financial Statements, which
will  become  effective  December  31,  2000.  The  Company  does not expect the
standard  to  have  a  material  effect  on its financial condition or operating
results.

In March 2000, the FASB issued interpretation No. 44 ("FIN 44"), "Accounting for
Certain  Transactions  Involving  Stock  Compensation,  an Interpretation of APB
Opinion  No.  25".  FIN  44  clarifies the application of APB No. 25 for (a) the
definition of employee for purposes of applying APB No. 25, (b) the criteria for
determining  whether  a  plan  qualifies  as  a  noncompensatory  plan,  (c) the
accounting  consequences  of  various  modifications  to  previously fixed stock
option  or  award,  and (d) the accounting for an exchange of stock compensation
awards  in  a business combination. FIN 44 is effective July 2, 2000 but certain
conclusions  cover  specific events that occur after either December 15, 1998 or
January 12, 2000. The adoption of FIN 44 did not have an affect on the Company's
financial  statements  but  may  impact  the  accounting for grants or awards in
future  periods.

ITEM  7.       FINANCIAL  STATEMENTS

The  consolidated  financial  statements and supplementary financial information
which  are  required  to  be filed under this item are presented under "Item 13.
Exhibits,  Financial  Statement  Schedules  and  Reports on Form 10-KSB" in this
document,  and  are  incorporated  herein  by  reference.

ITEM  8.      CHANGES  IN  AND  DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL  DISCLOSURE

S.W.  Hatfield,  CPA, has resigned as the independent auditors of the Company as
of  December  10,  1999.

The  auditors'  reports  on  the  Company's financial statements in the past two
fiscal  years  did not contain an adverse opinion or a disclaimer of opinion nor
were  such  reports  qualified  or  modified  as  to uncertainty, audit scope or
accounting  principles.

There  has  been  no  disagreement between the Company and S.W. Hatfield, CPA on
matters of accounting principles or practices, financial statement disclosure or
auditing  scope  or  procedure.

The  directors  of  the Company accepted the resignation of S.W. Hatfield CPA as
the  independent  auditors of the Company on December 10, 1999.  As of the March
2,  2000  the  firm  of  Stefanou  & Company, LLP was engaged as the independent
accountant  for  the  Company.


PART  III

ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND  CONTROL  PERSONS;
COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT

The  following  table sets forth the names and ages of the current directors and
executive  officers of the Company, the principal offices and positions with the
Company  held  by  each  person  and  the  date such person became a director or
executive  officer  of  the  Company.  The executive officers of the Company are
elected  annually by the Board of Directors.  The directors serve one year terms
until  their  successors are elected.  The executive officers serve terms of one
year  or  until  their  death, resignation or removal by the Board of Directors.
There  are  no  family  relationships between any of the directors and executive
officers.  In  addition,  there  was no arrangement or understanding between any
executive officer and any other person pursuant to which any person was selected
as  an  executive  officer.

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

Name                       Age     Position(s)
----                       ---     -----------

Robert  Kubbernus           42     President,  Secretary,  CFO,  Director

ROBERT  KUBBERNUS,  PRESIDENT,  SECRETARY,  CFO,  SOLE  DIRECTOR
Mr.  Kubbernus  presently  serves  as  the Company's President, Secretary, Chief
Financial  Officer  and  Sole  Director.  Serving as its director, Mr. Kubbernus
started  with the Company in 1999.  Mr. Kubbernus contributes  to the Company 16
years  of financial experience working with high tech firms in North America and
Europe.

Mr.  Kubbernus has also been employed by JAWS Technologies where he has held the
positions  of CEO and Chairman since 1997.  His primary responsibilities at Jaws
Technologies  are  to oversee the company's security product developers, provide
executive  direction  and  develop key contacts within government, corporations,
media,  clients,  insurance  underwriters  and  the  investment  community.

From 1992 to 1997, Mr. Kubbernus held the position of President and CEO, Bankton
Financial  Corporation.  He  headed up a team of corporate financial consultants
who  specialize  in  the  placement  of  debt instruments with institutional and
private  lenders.  In  addition  Bankton  also  performed  corporate  work  out
strategies  on  behalf  of both the client and the related institutions.  Before
1992,  he  was  the  Chief  Financial  Officer  as well as the Chief Development
Officer at Bankers Capital Group, where he developed new products and markets as
well  as  overseeing  the  financial  controls  of  the  organization.

Additionally,  Mr.  Kubbernus  is  a Principal of Oxford Capital Group, which is
known  for  its  private  capital  investment  practices in the High Tech Field.
Oxford  has  been  instrumental in funding strategic relationships and companies
involved  with  JAWS  Technologies  thus  assisting  the development of the JAWS
vision.  Oxford  also  represents  numerous  foreign  investors  looking  for
opportunities  in  the North American and Global high tech arena.  These foreign
institutions  rely  on  Mr.  Kubbernus's  high  tech and financial knowledge and
skills  for  investment  direction  and  strategic  relationships.

COMPLIANCE  WITH  SECTION  16(A)  OF  THE  SECURITIES  EXCHANGE  ACT  OF  1934

Section  16(a)  of  the  Securities  Exchange Act of 1934 requires the Company's
directors  and executive officers and persons who own more than ten percent of a
registered class of the Company's equity securities to file with the SEC initial
reports  of  ownership  and  reports of changes in ownership of Common Stock and
other  equity  securities  of the Company.  Officers, directors and greater than
ten  percent shareholders are required by SEC regulations to furnish the Company
with  copies  of  all Section 16(a) forms they file. To the Company's knowledge,
the  Company  is  unaware of any reports that have been filed in compliance with
Section  16(a)  for  the  year  ended  December  31,  2000.

ITEM  10.  EXECUTIVE  COMPENSATION

The  Company's  management is not currently compensated for services provided to
the  Company,  and  no  compensation has been accrued and none is expected to be
accrued  in  the  future.

COMPENSATION  OF  DIRECTORS

For  the  fiscal year ended December 31, 2000, Directors of the Company received
no  compensation.



                                        9
<PAGE>
ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

The  following  table sets forth, as of April 30, 2001, certain information with
respect  to  the  Company's equity securities owned of record or beneficially by
(i)  each  Officer  and  Director  of  the  Company;  (ii)  each person who owns
beneficially  more  than  5%  of  each class of the Company's outstanding equity
securities;  and  (iii)  all  Directors  and  Executive  Officers  as  a  group.

<TABLE>
<CAPTION>

                                 Name  and  Address  of                     Common  Stock    Percent  of
Title  of  Class                 Beneficial  Owner                          Outstanding(1)   Outstanding
----------------                 -----------------                          -----------     -----------

<S>                              <C>                                        <C>             <C>
                                 Oxford Capital Corp.
                                 1013 17th Ave SW
Common Stock                     Calgary, Alberta, Canada T2T 0A7           10,802,200      52.81%

                                 Gold Crown Holdings Ltd. (2)
                                 c/o The Law Offices of John K. Pierson
                                 12424 Wilshire Blvd, Ste. 1120
Common Stock                     Los Angeles, CA 90025-1043                 5,970,800       29.20%

                                 Robert Kubbernus
                                 400  630-8TH  Ave SW
Common Stock                     Calgary, Alberta, Canada T2P 1G6                   0        0.00%

                                 All Directors and Officers as a Group (1
Common Stock                     Person in total)                                   0        0.00%
</TABLE>

____________________

(1)     Shares  are  beneficially  owned and sole voting and investment power is
        held  by  the  stockholder  member.
(2)     Gold  Crown Holdings Ltd. has granted John Huguet a revocable proxy with
        the  power to vote on behalf of its shares of the Company.  However, Mr.
        Huguet disclaims  any  beneficial  ownership  in  the  shares  acquired
        by Gold Crown Holdings, Ltd.  Mr. Huguet is a business associate of Gold
        Crown Holdings, Ltd.  Mr.  Huguet  is  also  a  former  officer  and
        director  of  the  Company.


The  Company  believes  that  the  beneficial owners of securities listed above,
based  on  information furnished by such owners, have sole investment and voting
power  with  respect  to  such  shares, subject to community property laws where
applicable.  Beneficial  ownership is determined in accordance with the rules of
the Commission and generally includes voting or investment power with respect to
securities.  Shares  of  stock  subject  to  options  or  warrants  currently
exercisable,  or exercisable within 60 days, are deemed outstanding for purposes
of  computing the percentage of the person holding such options or warrants, but
are not deemed outstanding for purposes of computing the percentage of any other
person.

                                       10
<PAGE>

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

Pursuant  to  an  agreement  dated  as  of July 1, 1999, and finally executed on
October  20,  1999, John F. Huguet ("Huguet") and Gold Crown Holdings Limited, a
British  Virgin Islands corporation ("Gold Crown") acquired 4,968,000 restricted
shares  of  the  Company's  common  stock,  comprising  approximately 85% of the
Company's  issued and outstanding Shares, in exchange for 100% of the issued and
outstanding  common  stock  of  Euro  American  Business Group, Inc., a New York
corporation  owned  by  Huguet and Gold Crown. Contemporaneously thereto, Huguet
and  Gold Crown purchased 25,000 shares of the Company's common stock from Glenn
A.  Little,  a  director  of  the Company, for $200,000.  In anticipation of the
execution  of  the  above  agreement,  on  October 7, 1999, the directors of the
Company  tendered  their  resignations as directors of the Company and appointed
new  directors  and  officers.

On  September  7,  1999,  the  Company  filed  a Form S-8 Registration under the
Securities Act of 1933 with the United States Securities and Exchange Commission
to  register  389,500  shares  of  stock  issued  pursuant  to the Dominick Pope
Consulting Agreement and the Steven L. Siskind, Esq. Legal Consulting Agreement.
These  shares  were  valued  at  an aggregate of $194,675 which approximates the
"fair  value"  of  the services rendered to the Company and of the stock itself.

Pursuant  to  two  Agreements  for  Purchase  and Sale of Stock entered into and
effective  as  of  January  10,  2000,  with a closing held on January 14, 2000,
Oxford  Capital  Corp.,  a  Cayman  Islands corporation ("Oxford") acquired from
Goldcrown  Holdings  Ltd.,  a  total  of 11,302,200 shares (the "Shares") of the
Company's  common  stock, comprising approximately 59.6% of the Company's issued
and  outstanding  common  stock.  In consideration for the shares, Oxford paid a
purchase  price  of  $750,000,  payable  $250,000 on or before January 10, 2000,
$125,000  on  or before February 15, 2000, $125,000 on or before March 15, 2000,
$125,000  on  or  before  April 15, 2000 and $125,000 on or before May 15, 2000.

Oxford  also  acquired  from Bodet Ltd., a British Virgin Islands Corporation, a
total  of  325,000  options to purchase shares of common stock of the Registrant
held  by  Bodet,  Ltd.  at $.25 per share, 160,000 options to purchase shares of
common  stock  of  the  Registrant  at  $.375  per  share and 160,000 options to
purchase  shares  of  common  stock  of  the  Registrant  at $.50 per share. The
purchase  price  for  these  options  was  $1.00.  No changes in the officers or
directors  of  the  Registrant  has  been made as a result of the acquisition of
shares  by Oxford.   If Oxford were to exercise all of these options, they would
beneficially  own  approximately  61.0%  of the Company's issued and outstanding
common  stock.


ITEM  13.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

(A)  INDEX  TO  EXHIBITS

The Company undertakes to furnish to any shareholder so requesting a copy of any
of  the  following  exhibits upon payment to the Company of the reasonable costs
incurred  by  the  Company  in  furnishing  any  such  exhibit.

EXHIBIT  NO.         DESCRIPTION
------------         -----------

*(2.1)               Agreement  for Purchase and Sale of Stock between Goldcrown
                     Holdings  Ltd.  and  Oxford  Capital  Group  dated  as  of
                     January  10,  2000.

*(2.2)               Agreement for Purchase and Sale of Stock between Bodet Ltd.
                     and  Oxford  Capital  Group  dated  as  of  January  10,
                     2000.

*(2.3)               Acquisition  Agreement  between Associated Medical Devices,
                     Inc.  and  Euro  American  Business  Group,  Inc.

*(3.1)               Articles  of  Incorporation

*(3.2)               Certificate  of  Amendment  of  Articles  of Incorporation,
                     filed  with  the  Nevada  Secretary  of  State  on  October
                     20,  1999.

*(3.3)               Bylaws  of  the  Company

*(16)                Letter  re.  Change  in  Certifying  Accountant

*(21)                List  of  Subsidiaries  of  the  Company


------------------------------
*  Previously  filed


(B)  REPORTS  ON  FORM  8-K


None.

                                   SIGNATURES

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



Dated:  May  11,  2001

YOURNET,  INC.
--------------
(Registrant)

By:  /s/  ROBERT  KUBBERNUS
     ----------------------
          ROBERT  KUBBERNUS

President,  Secretary  &  CFO


Pursuant to requirements of the Securities Exchange Act of 1934, this report has
been  signed  below  by the following persons on behalf of the registrant and in
the  capacities  and  on  the  dates  indicated:

     Signature               Capacity           Date
     ---------               --------           ----

/s/  Robert  Kubbernus     Sole  Director     May  11,  2001
----------------------
     Robert  Kubbernus


                                       11
<PAGE>

                                  YOURNET, INC.

                          INDEX TO FINANCIAL STATEMENTS





                                                                           Page

Report of Independent Certified Public Accountants                          F-2

Consolidated  Balance  Sheet  at  December  31,  2000  and  1999            F-3

Consolidated  Statements of Losses for the two years ended
December 31, 2000 and 1999                                                  F-4

Consolidated  Statements of Deficiency in Stockholders' Equity for the
two years ended  December  31,  2000  and  1999                             F-5

Consolidated Statements of Cash Flows for the two years ended
December 31, 2000 and  1999                                                 F-6

Notes  to  Consolidated  Financial  Statements                    F-7  to  F-12



                                      F-1
<PAGE>
                             STEFANOU & COMPANY, LLP
                          CERTIFIED PUBLIC ACCOUNTANTS
                          1360 Beverly Road, Suite 305
                          McLean, Virginia  22101-3621
                                  703-448-9200
                               703-448-3515 (fax)
                               mclean@stefanou.com
                                                                Philadelphia, PA


               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


Board  of  Directors
Yournet,  Inc.
Calgary,  Alberta

     We  have  audited  the  consolidated  balance  sheet of Yournet, Inc. as of
December  31,  2000  and  1999  and the related consolidated statements of loss,
deficiency  in  stockholders'  equity,  and cash flows for the years then ended.
These  financial  statements are the responsibility of the Company's management.
Our  responsibility is to express an opinion on these financial statements based
upon  our  audits.

     We  conducted  our  audits  in  accordance with generally accepted auditing
standards.  Those  standards  require  that  we  plan  and perform the audits to
obtain  reasonable  assurance about whether the financial statements are free of
material  misstatements.  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 our audits provide a reasonable basis for our opinion.

     In  our  opinion,  the  consolidated financial statements referred to above
present  fairly,  in  all  material respects, the financial position of Yournet,
Inc. as of December 31, 2000 and 1999, and the results of its operations and its
cash  flows  for  the  years  then  ended  in conformity with generally accepted
accounting  principles.

     The  accompanying  consolidated  financial  statements  have  been prepared
assuming  that  the  Company  will continue as a going concern.  As discussed in
Note  G  to  the financial statements, the Company is inactive with no operating
activities.  Accordingly,  the  Company  is  dependent  upon  management  and
significant  Company  shareholders  to  provide  sufficient  working  capital to
preserve  the  integrity  of  the  corporate  entity. The Company's existence is
dependent  upon  management's  ability  to develop profitable operations.  Those
conditions  raise  substantial  doubt  about  its ability to continue as a going
concern.  The  accompanying statements do not include any adjustments that might
result  from  the  outcome  of  this  uncertainty.

                                   /s/  STEFANOU  &  COMPANY  LLP
                                   ------------------------------
                                   Stefanou  &  Company,  LLP
                                   Certified  Public  Accountants
McLean,  Virginia
April  29,  2001

                                      F-2
<PAGE>

<TABLE>
<CAPTION>



                                             YOURNET, INC.
                                       CONSOLIDATED BALANCE SHEET
                                      DECEMBER 31, 2000 AND 1999

                                                ASSETS


<S>                                                                         <C>           <C>
                                                                                2000          1999
                                                                            ------------  ------------
         Total current assets: . . . . . . . . . . . . . . . . . . . . . .  $         -   $         -

LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY

Current liabilities:
Accounts payable and accrued expenses                                       $    68,376   $    30,438
Due to shareholder (Note C)                                                      41,427             -
                                                                            ------------  ------------
        Total current liabilities
                                                                                109,803        30,438

Deficiency in Stockholders' equity (Note D):
Common stock, par value, $0.001 per share; authorized, 50,000,000 shares;
 20,455,903 shares issued at December 31, 2000 and 1999. . . . . . . . . .       20,456        20,456
Additional paid in capital                                                    3,100,705     3,100,705
Deficiency in retained earnings                                              (3,230,964)   (3,151,599)
                                                                            ------------  ------------
Deficiency in stockholders' equity                                             (109,803)      (30,438)
                                                                            ------------  ------------
                                                                            $         -   $         -
                                                                            ============  ============
</TABLE>



                   See accompanying notes to consolidated financial statements

                                      F-3
<PAGE>

<TABLE>
<CAPTION>



                                      YOURNET, INC.
                            CONSOLIDATED STATEMENTS OF LOSSES
                     FOR THE YEARS ENDED DECEMBER 31, 2000 AND  1999





<S>                                                            <C>           <C>
                                                                      2000         1999
                                                               ------------  -----------

Cost and expenses:
   General and administrative expenses. . . . . . . . . . . .  $    79,365   $  393,112
                                                               ------------  -----------
   Total operating expenses . . . . . . . . . . . . . . . . .       79,365      393,112
Loss from operations. . . . . . . . . . . . . . . . . . . . .      (79,365)    (393,112)
Income (taxes) benefit. . . . . . . . . . . . . . . . . . . .            -            -
                                                               ------------  -----------
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . .      (79,365)    (393,112)
Loss per common share (basic and assuming dilution) . . . . .  $      (.00)  $   ( 0.12)
                                                               ============  ===========
Weighted average common shares outstanding, restated (Note D)   20,455,903    3,249,730


</TABLE>


           See accompanying notes to consolidated financial statements

                                      F-4
<PAGE>

<TABLE>
<CAPTION>


                                                       YOURNET, INC.
                               CONSOLIDATED STATEMENTS OF DEFICIENCY IN STOCKHOLDERS' EQUITY
                                      FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999



<S>                                              <C>            <C>            <C>                <C>           <C>
                                                                                Additional        Accumulated
                                                 Common Shares  Stock Amount   Paid-in-Capital    Deficit         Total
                                                 -------------  -------------  -----------------  ------------  ----------

Balance at December 31, 1998, restated (Note D)         17,649  $          18  $      2,752,470   $(2,758,487)  $  (5,999)
Common stock issued in exchange for services           500,664            500           208,419             -     208,919
Common stock issued in exchange for license            357,143            358            10,356             -      10,714
Common shares issued in connection with
acquisition of Euro American Business Group,
Inc. (Note B)                                        4,968,000          4,968           144,072             -     149,040
Common stock split (Note D)                         14,612,447         14,612           (14,612)            -
Net Loss                                                     -              -                 -      (393,112)   (393,112)
                                                 -------------  -------------  -----------------  ------------  ----------
Balance at December 31, 1999. . . . . . . . . .     20,455,903         20,456         3,100,705    (3,151,599)    (30,438)
Net Loss                                                     -              -                 -       (79,365)    (79,365)
                                                 -------------  -------------  -----------------  ------------  ----------
Balance at December 31, 2000                        20,455,903  $      20,456  $      3,100,705   $(3,230,964)  $(109,803)
                                                 =============  =============  =================  ============  ==========

</TABLE>

                    See accompanying notes to consolidated financial statements

                                      F-5
<PAGE>

<TABLE>
<CAPTION>



                                        YOURNET, INC.
                            CONSOLIDATED STATEMENTS OF CASH FLOW
                       FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999


                                                                         2000        1999
                                                                       ---------  ----------
<S>                                                                    <C>        <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $(79,365)  $(393,112)
Adjustments to reconcile net loss to net cash provided by operating
activities:
Write down in value of asset. . . . . . . . . . . . . . . . . . . . .        -       149,040
Common stock issued in exchange for license. . . . . . . . . . . . .         -        10,714
Common stock issued in exchange for services rendered. . . . . . . .         -       208,919
Changes in assets and liabilities:
Increase (decrease) in accounts payable and amounts due   shareholder     37,938      24,439
                                                                       ---------  ----------
NET CASH PROVIDED BY OPERATING ACTIVITIES . . . . . . . . . . . . . .   (41,427)          -
Cash flows provided in financing activities:
Advances from shareholder . . . . . . . . . . . . . . . . . . . . . .    41,427           -
                                                                       ---------  ----------
NET CASH PROVIDED FROM INVESTING ACTIVITIES . . . . . . . . . . . . .    41,427           -
Net increase (decrease) in cash . . . . . . . . . . . . . . . . . . .         -           -
Cash - beginning of period. . . . . . . . . . . . . . . . . . . . . .         -           -
                                                                       ---------  ----------
Cash - end of period. . . . . . . . . . . . . . . . . . . . . . . . .  $      -   $       -
                                                                       =========  ==========


Supplemental Disclosures:

               Interest paid for the year . . . . . . . . . . . . . .         -           -
               Income taxes paid for the year . . . . . . . . . . . .         -           -
               Issuance of common stock in exchange for license . . .         -      10,714
               Issuance of common stock in exchange for services. . .         -     208,919
               Acquisition:
                   Assets acquired. . . . . . . . . . . . . . . . . .         -           -
                   Accumulated deficit. . . . . . . . . . . . . . . .         -           -
                   Liabilities assumed. . . . . . . . . . . . . . . .         -           -
                   Common stock issued. . . . . . . . . . . . . . . .         -     149,040
                   Net cash paid for acquisition. . . . . . . . . . .         -           -

</TABLE>


                 See accompanying notes to consolidated financial statements

                                      F-6
<PAGE>

                                  YOURNET, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999




NOTE  A-  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

A  summary  of the significant accounting policies applied in the preparation of
the  accompanying  financial  statement  follows.

Business  and  Basis  of  Presentation
--------------------------------------

Yournet,  Inc.,formerly  Associated  Medical  Devices,  Inc.("Company"),  was
incorporated  under  the laws of the State of Nevada in March, 1980. The Company
was  formed to develop and market various medical devices. The Company's efforts
were  unsuccessful  and  the  Company  has  remained  dormant.

The  consolidated  financial statements include the accounts of the Company, and
its  wholly-owned  subsidiary,  Euro  American Business Group, Inc.  Significant
intercompany  transactions  have  been  eliminated  in  consolidation.

Income  Taxes
-------------

Income  taxes are provided based on the liability method for financial reporting
purposes  in accordance with the provisions of Statements of Financial Standards
No.  109,  "Accounting  for  Income  Taxes".  Deferred and prepaid taxes will be
provided  for  on  items which are recognized in different periods for financial
and  tax  reporting  purposes.

Impairment  of  Long-Lived  Assets
----------------------------------

The  Company  has  adopted  Statement  of Financial Accounting Standards No. 121
(SFAS  121).  The  Statement  requires  that  long-lived  assets  and  certain
identifiable intangibles held and used by the Company be reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of
an  asset  may  not  be  recoverable.  SFAS  No.  121 also requires assets to be
disposed  of  be  reported at the lower of the carrying amount or the fair value
less  costs  to  sell.

Cash  Equivalents
-----------------

For purposes of the accompanying financial statements, the Company considers all
highly liquid debt instruments purchased with a maturity date of three months or
less  to  be  cash  equivalents.




                                      F-7
<PAGE>
                                  YOURNET, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE  A-  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)


Earnings  Per  Share
--------------------

The  Company  has  adopted  Statement  of Financial Accounting Standard No. 128,
"Earnings  Per  Share,"  specifying the computation, presentation and disclosure
requirements  of  earnings  per share information.  Basic earnings per share has
been  calculated  based  upon  the  weighted  average  number  of  common shares
outstanding.  Stock  options  and  warrants  have  been excluded as common stock
equivalents  in  the  diluted  earnings  per  share  because  they  are  either
antidilutive,  or  their  effect  is  not  material.
     .
Concentrations  of  Credit  Risk
--------------------------------

Financial instruments and related items which potentially subject the Company to
concentrations  of  credit  risk consist primarily of cash, cash equivalents and
trade  receivables.  The  Company places its cash and temporary cash investments
with  high  credit  quality  institutions.  At times, such investments may be in
excess  of  the  FDIC  insurance  limit.

Use  of  Estimates
------------------

The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  certain  reported  amounts and disclosures.  Accordingly, actual results
could  differ  from  those  estimates.

Liquidity
---------

As  shown  in  the accompanying financial statements, the Company incurred a net
loss of $ 79,365 and $ 393,112 during the year ended December 31, 2000 and 1999,
respectively.  The  Company's current liabilities exceeded its current assets by
$  109,803  and the Company has a $ 3,230,964 deficiency in retained earnings as
of  December  31,  2000.

Comprehensive  Income
---------------------

The  Company  does  not  have  any  items  of comprehensive income in any of the
periods  presented.



                                      F-8
<PAGE>

                                  YOURNET, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999

New  Accounting  Pronouncements
-------------------------------

The  Company  adopted  Statement  of  Financial  Accounting  Standards  No. 132,
Employers'  Disclosures about Pension and Other -Post Employment Benefits ("SFAS
132")  in  the year ended December 31, 1999. SFAS No. 132 establishes disclosure
requirements  regarding  pension  and post employment obligations.  SFAS No. 132
does  not  affect  the  Company  as  of  December  31,  2000.

The  Company  adopted  Statement  of Financial Standards No. 133, Accounting for
Derivative  Instruments  and for Hedging Activities ("SFAS No. 133") in the year
ended  December  31,  1999.  SFAS  No.  133  requires  that  certain  derivative
instruments  be  recognized  in  balance sheets at fair value and for changes in
fair value to be recognized in operations.  Additional guidance is also provided
to  determine  when  hedge  accounting  treatment is appropriate whereby hedging
gains  and  losses are offset by losses and gains related directly to the hedged
item.  SFAS  No. 133's impact on the Company's consolidated financial statements
is  not  expected  to  be  material  as  the  Company has not historically  used
derivative  and  hedge  instruments.

In December 1999, the Securities and Exchange Commission issued Staff Accounting
Bulletin  No.  101  ("  SAB  101"), Revenue Recognition in Financial Statements,
which  will become effective December 31, 2000.  The Company does not expect the
standard  to  have  a  material  effect  on its financial condition or operating
results.

In  March  2000,  the Financial Accounting Standards Board issued interpretation
No.  44  ("FIN  44"),  "Accounting  for  Certain  Transactions  Involving  Stock
Compensation,  an  Interpretation  of  APB Opinion No. 25". FIN 44 clarifies the
application  of  APB  No.  25 for (a) the definition of employee for purposes of
applying  APB  No. 25, (b) the criteria for determining whether a plan qualifies
as  a  noncompensatory  plan,  (c)  the  accounting  consequences  of  various
modifications  to previously fixed stock option or award, and (d) the accounting
for  an  exchange of stock compensation awards in a business combination. FIN 44
is  effective  July  2,  2000 but certain conclusions cover specific events that
occur after either December 15, 1998 or January 12, 2000. The adoption of FIN 44
did  not have an affect on the Company's financial statements but may impact the
accounting  for  grants  or  awards  in  future  periods.

NOTE  B-BUSINESS  COMBINATION

On  July  1,  1999, the Company acquired, in an exchange for 4,968,000 shares of
common  stock,  Euro  American  Business Group, Inc., a company formed under the
laws  of the State of New York ("EABG") in a transaction accounted for using the
purchase  method  of  accounting.  The  common stock issued was valued at quoted
market  prices  closest  to  the acquisition date.  The total purchase price and
carrying  value  of net assets acquired of EABG was $0.  The net assets acquired
were  as  follows:

             Net  assets               $       -
             Accumulated  deficit              -
                                       ---------
             Net  liabilities                  -
                                       $       -
                                       =========


                                      F-9
<PAGE>
                                  YOURNET, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


As  EABG was an inactive corporation with no significant operations, the Company
recorded  the  carryover historical basis of net tangible assets acquired, which
did  not  differ  materially  from  their fair value.  The results of operations
subsequent to the date of acquisition are included in the Company's consolidated
statement  of losses. The Company expensed in 1999 the $140,040 which represents
the  excess  of  the  purchase  price  of  EABG  over  the  net assets acquired.

NOTE  C  -  RELATED  PARTIES

The  Company's  principal  shareholder  has  paid  certain costs and expenses on
behalf  of  the  Company.  As  of December 31, 2000, the Company has incurred an
obligation of $ 41,427 to the shareholder and is included in current liabilities
in  the  accompanying  financial  statements.  No  formal repayment terms exist.

NOTE  D-  CAPITAL  STOCK

In  April  1999,  the  Company  adopted,  by  unanimous  consent of its Board of
Directors,  a  resolution authorizing a reverse stock split of one (1) share for
every  five  (5)  shares  of  common  stock  outstanding  as  of  March 1, 1999.

In  June  1999,  the  Company  adopted,  by  unanimous  consent  of its Board of
Directors, a resolution authorizing a reverse stock split of  one (1) share  for
every  five  hundred  (500)  shares  of  common stock outstanding as of June 28,
1999.

In  November  1999,  the  Company  adopted, by unanimous consent of its Board of
Directors,  a resolution authorizing a forward stock split of three and one half
(3.5)  share  for  every  one  (1)  common  stock  split.

In  1999,  the Company issued 500,664 shares of common stock to non-employees in
exchange  for financial advisory and legal services rendered to the Company. The
stock  issued  was valued at $ .42 per share, which represents the fair value of
the stock issued, which did not differ materially from the value of the services
received.  In  1999,  the  Company  issued  357,143  shares  of  common stock in
connection  with  the  acquisition of a license agreement valued at $ 10,714 and
charged  to  operations.

All  references  in the financial statements to common stock, per share amounts,
number of shares outstanding and stockholders' equity amounts have been restated
as  if  the  reverse  split  had  occurred  as of the earliest period presented.




                                      F-10
<PAGE>
                                  YOURNET, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999

NOTE  E-  INCOME  TAXES

Financial  Accounting  Standard No. 109 requires the recognition of deferred tax
liabilities  and  assets for the expected future tax consequences of events that
have  been  included  in  the  financial  statement  or tax returns.  Under this
method,  deferred  tax  liabilities  and  assets  are  determined  based  on the
difference  between financial statements and tax bases of assets and liabilities
using  enacted  tax  rates  in  effect for the year in which the differences are
expected  to reverse.  Temporary differences between taxable income reported for
financial  reporting  purposes  and  income  tax  purposes  are  insignificant.

At  December 31, 2000, the Company has available for federal income tax purposes
a net operating loss carryforward of approximately   $ 472,000 expiring the year
2015,  that  may  be  used  to  offset  future  taxable income.  The Company has
provided  a  valuation reserve against the full amount of the net operating loss
benefit,  since  in the opinion of management based upon the earnings history of
the  Company, it is more likely than not that the benefits will not be realized.
Due  to significant changes in the Company's ownership, the Company's future use
of  its  existing  net  operating  losses  may  be  limited.

Components  of  deferred  tax  assets  as  of  December 31, 2000 are as follows:

<TABLE>
<CAPTION>

<S>                                                <C>
             Non current:
                 Net operating loss carryforward   $ 160,000
                 Valuation allowance . . . . . .    (160,000)
                                                   ----------
                 Net deferred tax asset.  . . . .  $       -
                                                   ==========
</TABLE>

NOTE  F-LOSSES  PER  COMMON  SHARE

The  following  table  presents  the  computation  of basic and diluted loss per
share:

<TABLE>
<CAPTION>

<S>                                                  <C>           <C>
                                                     2000         1999
                                                 ------------  -----------
Net loss available for common shareholders       $   (79,365)  $ (393,112)
Basic and fully diluted loss per share . .       $      (.00)  $     (.12)
Weighted average common shares outstanding         20,455,903   3,249,730
                                                 ============  ===========
</TABLE>

Net loss per share is based upon the weighted average number of shares of common
stock  outstanding.  In  April 1999, the Company's Board of Directors approved a
one  (1) share for five (5) share reverse common stock split.  In June 1999, the
Company's  Board  of  Directors approved a one (1) share for five hundred  (500)
share  reverse  common  stock  split.  In  November 1999, the Company's Board of
Directors  approved  a  three  and one half (3.5) share for one (1) common stock
split.  (See  Note  D).  Accordingly,  all historical weighted average share and
per  share  amounts  have been restated to reflect the forward and reverse stock
splits.

                                      F-11
<PAGE>
                                  YOURNET, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE  G  -  GOING  CONCERN

The  accompanying  financial  statements  have  been prepared on a going concern
basis,  which  contemplates  the  realization  of assets and the satisfaction of
liabilities  in  the  normal  course  of business.  As shown in the accompanying
financial  statements  during  the  years  ended December 31, 2000 and 1999, the
Company  incurred  losses  of  $ 79,365 and $393,112, respectively.  This factor
among others may indicate that the Company will be unable to continue as a going
concern  for  a  reasonable  period  of  time.

The  Company is inactive with no operating activities.  Accordingly, the Company
is  dependent  upon  management  and significant Company shareholders to provide
sufficient  working  capital  to preserve the integrity of the corporate entity.

The  Company's  existence  is  dependent  upon  management's  ability to develop
profitable  operations.  The  accompanying  statements  do  not  include  any
adjustments  that  might  result  should  the Company be unable to continue as a
going  concern.

                                      F-12
<PAGE>