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

                                   FORM 10-KSB

                  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000

                             Commission file number:

                              WAVE POWER.NET, INC.
                 (Name of Small Business Issuer in its Charter)

                 Delaware                          43-1798970
        (State  of  Incorporation)    (I.R.S. Employer Identification No.)



              950 N. Federal Highway, #209, Pompano Beach, FL 33062
           (Address of principal executive offices)         (Zip Code)

                                  954-783-2004
                           (Issuer's telephone number)

               SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF
                      THE SECURITIES EXCHANGE ACT OF 1934:

  Title  of Each Class          Name of Each Stock  Exchange on Which Registered
 ---------------------          ------------------------------------------------
 Common Stock,  Par                             Not Applicable

 Value  $0.001  Per  Share

     Indicate  by check mark if disclosure of delinquent filers pursuant to Item
405  of Regulation S-B is not contained herein 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.  [  ]

     Indicate  by  check  mark  whether  the Registrant (1)has filed all reports
required  to  be  filed  by Section 13 or 15(d)of the Securities Exchange Act of
1934  during  the  preceding  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  ___
                                                     --

     The  aggregate  market  value of the voting stock held by non-affiliates of
the  Registrant  at  December  31,  2000,  was  approximately  $2,740,000.

     The  number  of shares of Registrant's Common Stock outstanding on December
31,  2000,  was  17,780,000.

     The  Registrant's total revenues for the year ended December 31, 2000, were
$0.00.



                                TABLE OF CONTENTS

PART  I                                                                  PAGE
----

ITEM  1.     DESCRIPTION  OF  BUSINESS                                    3

ITEM  2.     DESCRIPTION  OF  PROPERTY                                    4

ITEM  3.     LEGAL  PROCEEDINGS                                           4

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

PART  II

ITEM  5.     MARKET  FOR  COMMON  EQUITY  AND  RELATED
     STOCKHOLDER  MATTERS                                                 4

ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS
     OR  PLAN  OF  OPERATIONS                                             5

ITEM  7.     FINANCIAL  STATEMENTS                                        6

ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH
     ACCOUNTANTS                                                         21

PART  III

ITEM  9.     DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS
     AND  CONTROL  PERSONS                                               21

ITEM  10.     EXECUTIVE  COMPENSATION                                    21

ITEM  11.     SECURITY  OWNERSHIP  OF  BENEFICIAL  OWNERS                22

ITEM  12.     CERTAIN  RELATIONSHIPS  AND
     RELATED  TRANSACTIONS                                               22

ITEM  13.     EXHIBITS  AND  REPORTS  ON  FORM  10-KSB                   22

SIGNATURES                                                               23


PART  I

Item  1.  Description  of  Business.
------------------------------------

The  Company  was  incorporated  as  Novus  Environmental,  Inc. in the State of
Delaware  on November 6, 1997, to develop or acquire recycling technologies.  On
January  20,  2000,  the Company entered into a reorganization agreement whereby
the  company  was to merge with Wave Power, Inc., a privately held company.   On
March 3, 2000, the parties therein acknowledged that the merger contemplated had
never  been  consummated  and  they subsequently mutually agreed to rescind that
agreement  and  entered  into an agreement releasing the parties of their right,
title,  interest,  claims  and obligations that they might otherwise have had or
had  been  set  forth  in  the  aforementioned  January 20, 2000 agreement.  The
Company  formally  changed  is  name  to  Wave  Power.net,  Inc.  on March  20,
2000.

Principal  products  or  services  and  their  markets.

The  Company's  management  believes  that  the Company's principal asset is its
ability to convert waste tires into commercially viable and profitable products.
The  Company continues to explore its original intentions which was to engage in
the  manufacturing,  construction,  installation,  licensing  and  permitting of
recycling  facilities,  specifically  for  car  and  truck  tires. The technical
knowledge  centers  on:

    1.  The  ability to shred waste tires into small pieces (crumbs) by applying
relatively  uncomplicated,  but  unique,  shredding  methodologies.
    2.  Unique  adhesive  materials  that will bind the shredded tire crumbs and
other  raw  materials  into  a  strong  and  durable  finished  product.
    3.  A  proprietary  formula  of  raw  material  inputs that will produce the
desired  end  product.

Legislation  that  affected  the  Company's  Initial  Course  of  Business.

On  March  14,  1997,  the "Waste Tire Recycling, Abatement, and Disposal Act of
1997"  was  introduced  in the U.S. Senate.  Some of the important provisions of
the  Act  are:

    -  All waste tire dumps in the United States are closed and abated not later
than  4  years  after  the  date  of  enactment  of  the  Act.
    -  All waste tire stockpiles are abated by not later than December 31, 2005.
    -  Regulation  of  commerce  in  waste tires to protect human health and the
environment.
    -  Federal  and State programs to finance activities that implement the Act.
    - Assignment of highest priority to activities that ensure adequate capacity
is  available  to  convert  any waste tires newly removed from motor vehicles to
shredded  tire  material.
    - Federal enforcement of the Act if States fail to implement its provisions.
    -  Regulations  concerning.
    -  How  long  a waste tire can remain in a collection site before processing
and  maximum  tire  pile  size.
    -  Pile  separation  (50  feet)  and  pile  location and storage safeguards.
    -  Future tire collection site size and tire processor tire stockpile sizes.
    -  Waste  tire  movement.
    -  Storage  of  shredded  tire  material.
    -  Permits,  fees,  reporting  requirements,  administration  of  the  Act.

The Company still holds the exclusive rights to adhesive formula for binding old
used  rubbers  tires  together  as  a  beneficial  end-use  product.

Competitive  business  conditions  and  the  small business issuer's competitive
position  in  the  industry  and  methods  of  competition.

Our  efforts to compete with entities having significantly greater financial and
other resources than us made it difficult for us to achieve our objectives.  The
industry  is  highly  competitive  with  respect  to price, service, quality and
marketing.  As  a  result,  the  potential  for  failure  in  this  industry  is
significant.  There  are  numerous,  well-established, larger competitors in the
industry  with  comprehensive  experience,  possessing  substantially  greater
financial,  marketing,  personnel  and  other  resources  than  us.

Item  2.  Description  of  Property.
------------------------------------

The  Company  has  no physical assets.  We have rented offices at 950 N. Federal
Highway,  Pompano  Beach,  FL  33062.

Item  3.  Legal  Proceedings.
-----------------------------

On  January  20, 2000, the Company executed an agreement with Wave Power Inc., a
Florida  corporation  ("Wave Power"), whereby Wave Power was to be combined with
the  Company,  through  the  issuance  of  17,000,000  shares  of  the Company's
restricted  common  stock in exchange for 17,000,000 shares of Wave Power, which
represented  all of the issued and outstanding stock of Wave Power.  Pursuant to
this  agreement,  the  Company  also  changed  its  name  to Wave Power.Net Inc.

On  March  3,  2000,  the  agreement  with Wave Power terminated and the Company
entered  into  a  settlement  agreement  and  mutual release with Wave Power and
Vernon  Kendrick,  its  President,  whereby the Company agreed to relinquish its
right  to  use  the  name Wave Power.Net Inc. as well as any variations thereon.
Also,  on  March  3, 2000, Wave Power entered into a merger agreement with Enter
Tech  Corporation,  a  publicly traded Nevada corporation ("Enter Tech").  Among
the  terms  of  their  agreement was the provision that in consideration for the
Company  relinquishing  the  rights  to  the  Wave Power name the Company was to
receive  one million shares of common stock of Enter Tech with a market value at
the  date  of  the  signing of the agreement of approximately $1 per share.  The
above  indicated  settlement agreement and mutual release was made a part of the
merger  agreement.

On  April  11,  2000,  the  Company was notified by attorneys for Enter Tech who
claimed  nonperformance  by  the  Company  under  the above indicated settlement
agreement  and mutual release, alleging among other things, that the Company was
still  using  the  name Wave Power.Net Inc.  Accordingly in the event Enter Tech
brings  a  lawsuit, the potential outcome of the case could not be determined at
this  time,  nor  could any potential monetary damages be estimated.  As of year
end  2000,  neither  Enter  Tech nor the Company commenced any legal actions and
there  has  been  no  change  relating  to  this  matter.

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

None.

PART  II

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

a.   Market Information. The Company's shares are traded on the Over The Counter
Bulletin Board stock exchange ("OTCBB") under the symbol, "WPDN".  The following
table  shows  the  high and low bid information for each quarter within the last
two  fiscal  years  as  reported to the Company by the OTC Bulletin Board.  Such
quotations  reflect  inter-dealer  prices, without  retail mark-up, mark-down or
commission  and  may  not  represent  actual  transactions.

     2000                 High  Bid               Low  Bid
     ----                ----------               --------
     -----
     First  Quarter        $6.00                   $1.37
     Second  Quarter        3.75                     .51
     Third  Quarter         1.04                     .25
     Fourth  Quarter        1.00                     .15

     1999                 High  Bid               Low  Bid
     ----                 ---------               --------
     -----
     First  Quarter         $.38                    $.20
     Second  Quarter         .20                     .20
     Third  Quarter          .50                     .16
     Fourth  Quarter         .19                     .16

b.   The Company has approximately 143 shareholders of record as of December 31,
2000.

c.   The  Company  has  never declared or paid any dividends, and although there
are  no  restrictions  limiting  its ability to do so, it is unlikely to pay any
dividends  in  the  foreseeable  future.

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

The  following  discussion  and  analysis should be read in conjunction with the
Company  financial  statements and notes thereto included elsewhere in this Form
10-KSB.  Except  for the historical information contained herein, the discussion
in  this  Form  10-KSB  contains certain forward looking statements that involve
risks  and  uncertainties, such as statements of the Company  plans, objectives,
expectations and intentions.  The cautionary statements made in this Form 10-KSB
should  be  read  as being applicable to all related forward statements wherever
they  appear  in  this  Form  10-KSB.  The  Company  actual results could differ
materially  from  those  discussed  here.

The  Company  is  not  aware  of  any circumstances or trends which would have a
negative  impact  upon  future  sales  or earnings.  There have been no material
fluctuations  in  the standard seasonal variations of the Company business.  The
accompanying  financial statements include all adjustments, which in the opinion
of  management  are  necessary  in  order  to  make the financial statements not
misleading.

For the year ended December 31, 2000, the Company sustained a loss of $82,623.00
or,  $0.00  per  share  (basic  and  diluted).

The  Company  was  incorporated  as  Novus  Environmental,  Inc. in the State of
Delaware  on November 6, 1997, to develop or acquire recycling technologies.  On
December  8,  1997,  we  enacted  a Regulation D, Rule 504 offering whereupon we
issued  15,000,000  shares of common stock and raised $15,000.00.  From December
8, 1997 up and through December 30, 1997, we sold 5,000,000 shares of our common
stock,  at  $0.01  per  share and raised $50,000.  On April 24, 1998, we enacted
another  Regulation  D,  Rule 504 offering whereupon we issued 480,000 shares of
common  stock  and  raised  $48,000.  All  disclosure  herein accounts for these
offerings  unless  indicated  otherwise.

On January 20, 2000, the Company entered into a reorganization agreement whereby
the  company  was  to  merge  with Wave Power.net, a privately held company.  On
March 3, 2000, the parties therein acknowledged that the merger contemplated had
never  been  consummated  and  they subsequently mutually agreed to rescind that
agreement  and  entered  into an agreement releasing the parties of their right,
title,  interest,  claims  and obligations that they might otherwise have had or
had  been  set  forth  in  the  aforementioned  January  20,  2000  agreement.

On February 10, 2000, the Company entered into an agreement with Joseph Dillon &
Company  for  assistance in seeking and arranging financing for the Company.  No
financing  assistance was ever procured from their efforts and the agreement has
since  been  terminated.

On  February  28,  2000,  the Company entered into an agreement with B & B, Ltd.
which  was  to  render financial advice to the Company for a one year term. This
consultant's  compensation  was contingent upon the amount and type of financing
ultimately  obtained  by the Company from sources introduced by this consultant.
No  viable  financing  sources  were  ever  introduced  to  the Company and this
agreement  has  since  been  terminated.

On  September  5,  2000,  we  filed a Form 10SB with the Securities and Exchange
Commission  ("SEC").  We became effective as a reporting vehicle on the Over The
Counter  Bulletin  Board  stock  exchange ("OTCBB") on November 4, 2000, trading
under  the  symbol,  "WPDN".

We  have not been a party to any bankruptcy, receivership or similar proceeding.
Through  the  year  end,  we  have  not  been  involved  in  any  material
reclassification,  merger,  consolidation,  or purchase or sale of a significant
amount  of  assets not in the ordinary course of business.  The Company has been
devoting its efforts to activities such as raising capital, establishing sources
of  information, and developing markets for its planned operations.  The Company
has  not yet generated any revenues and, as such, it is considered a development
stage  company.

Since  its  recent attempts to procure merger and acquisition opportunities have
proved  unfruitful,  the  Company intends to continue to review opportunities to
pursue  its  rubber  recycling  options  but,  will  still  consider  viable
merger/acquisition  opportunities  should  they  present  themselves.

Results  of  Operations.

The  Company's  "Total  Liabilities and Stockholder's Equity (Deficit)" for year
ended  December  31,  2000  was, $14,402.   The Company's "Total Liabilities and
Stockholder's  Equity  (Deficit)"  for  the  year  ended  December 31, 1999, was
$14,794.

Capital  Resources  and  Liquidity.

At  December  31,  2000  we  had  a  working  capital  deficit of $99,945, total
stockholders'  deficit  of $85,043 and loss for the year ended December 31, 2000
of  $82,623,  arising  primarily  from  expenses  incurred to meet our reporting
requirements.  During  the  year ended December 31, 2000 the loss was completely
funded by the principal stockholder of the Company in the form of loans.  We are
dependent  upon  our  ability  to  raise  capital  and  the
commitment  of  the principal stockholder to fund expenses of operations.  There
can  be no assurance that we will be successful in raising additional capital in
the future, or that the principal stockholder will continue to lend funds to the
Company.

During  the  year ended 2000, the Company did not issue any unregistered shares.

Events  Subsequent  to  the  Fourth  Quarter.

On January 3, 2001, the Company entered into a Letter of Intent to purchase 100%
of  a  private  Nevada corporation, Emission Controls Corp. ("ECC"). The gist of
the  Letter  of  Intent  was  as  follows:  The  parties  would  enter  into  a
Reorganization  Agreement  whereby  the  Company  would  obtain all ECC patents,
including  but  not limited to, "the Cracker", which has been represented to the
Company as a device that when added to an internal combustion engine,  will save
fuel  and add longevity to the car's engine, in return for 15,000,000 restricted
shares of the Company's common stock.  The Cracker allegedly reduces the exhaust
emission to an negligible amount.  The Company would agree to pay Syd Cooke, the
President  of ECC, and/or his nominees, a 3% royalty of the total net profits up
to  a  maximum  of one billion dollars.  On January 7, 2001, the parties entered
into  a Reorganization Agreement affirming the terms and conditions as set forth
in  their  Letter  of  Intent.

On  March  29,  2001,  the parties mutually agreed to rescind the Reorganization
Agreement entered into on January 12, 2001.  The parties felt that it was in the
best interests of their respective shareholders to rescind their intent to merge
until at which time they are better able to reconcile various and several mutual
concerns.

Item  7.  Financial  Statements.
--------------------------------

The  Financial  Statements of the Company for the Years Ended December 31, 2000,
together  with  Independent  Auditor's Report thereon, are contained in on pages
F-1  through  F-22  attached  and  are  incorporated  herein  by this reference.


                              WAVE POWER.NET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                           DECEMBER 31, 2000 AND 1999


<PAGE>


                          INDEPENDENT AUDITOR'S REPORT



To  the  Board  of  Directors
Wave  Power.Net,  Inc.
(A  Development  Stage  Company)
Pompano,  Florida  33062


We  have  audited  the  accompanying  balance  sheets  of  Wave  Power.Net, Inc.
(formerly Novus Environmental Inc.) (a Development Stage Company) as of December
31, 2000 and 1999 and the related statements of operations, stockholders' equity
(deficit)  and  cash  flows  for  the  years  then ended and for the period from
inception  (November  6, 1997) to December 31, 2000.  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  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  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  audits provide 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  Wave  Power.Net, Inc. (a
Development  Stage  Company) as of December 31, 2000 and 1999 and the results of
its  operations  and  its cash flows for the years then ended and for the period
from  inception  (November  6,  1997)  to  December  31, 2000 in conformity with
generally  accepted  accounting  principles.





SAMUEL  KLEIN  AND  COMPANY


Newark,  New  Jersey
March  30,  2001


<PAGE>


<TABLE>
<CAPTION>


                                WAVE POWER.NET, INC.
                           (A DEVELOPMENT STAGE COMPANY)

                                   BALANCE SHEETS





                                                       December 31,
ASSETS                                             2000          1999
----------------------------------------------  ----------  --------------
<S>                                                <C>             <C>
Assets:
  Organization costs                            $  15,662   $      15,662
  Less: Accumulated amortization                    1,260             868
                                                ----------  --------------

                                                $  14,402   $      14,794
                                                ===========  ============


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
----------------------------------------------

Current Liabilities:
  Accounts payable and accrued liabilities      $  28,485   $       2,214
  Stockholder loan payable                         70,960          15,000
                                                ----------  -------------
          Total Current Liabilities                99,445          17,214
                                                ----------  -------------

Commitments and Contingencies

Stockholders' Equity (Deficit):
  Common stock, 75,000,000 shares authorized,
  $.001 par value, 17,780,000 shares issued
  and outstanding                                  17,780          17,780
Additional paid-in capital                         95,220          95,220
Deficit accumulated during the development
  stage                                          (198,043)       (115,420)
                                                ----------  -------------
          Total Stockholders' Equity (Deficit)    (85,043)         (2,420)
                                                ----------  --------------

                                                $  14,402       $  14,794
                                                ===========     ==========
</TABLE>

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


<PAGE>


<TABLE>
<CAPTION>






                                                   WAVE POWER.NET, INC.
                                               (A DEVELOPMENT STAGE COMPANY)

                                                 STATEMENTS OF OPERATIONS



                                                                                 For the Period
                                                                                Inception to Date
                                                   For the Years Ended          November 6, 1997
                                                        December 31,                  to
                                                  2000                 1999      December 31, 2000
                                                -------               ------    ------------------
<S>                                                <C>                  <C>           <C>
Sales                                        $      -              $     -      $      -
                                              -----------           ----------  -------------

Expenses:
  Amortization                                      392                  392         1,260
  Bad debt                                                                          39,177
  Advertising                                                                        2,659
  Bank charges                                                                          56
  Foreign exchange loss                                                              2,186
  License and dues                                1,336                  350         2,001
  Management fees                                                                   52,000
  Legal and professional fees                    75,911                             77,864
  Rent                                            3,165                             16,795
  Telephone                                                                          1,226
  Office                                          1,819                              1,819
  Travel                                                                             1,000
                                                                                  ---------
                                                 82,623                  742       198,043
                                              -----------             -------    ----------
Net Loss                                     $  (82,623)             $  (742)   $ (198,043)
                                              ===========             ========   ==========


Loss per Share:
  Basic and diluted loss per share           $    (0.00)             $  (0.00)  $    (0.01)
                                              ===========             ========   ==========

Basic and Diluted Common Shares
  Outstanding                                 17,780,000             17,780,000    17,780,000
                                              ===========            ===========  ============
</TABLE>


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


<PAGE>


<TABLE>
<CAPTION>


                                              WAVE POWER.NET, INC.
                                         (A DEVELOPMENT STAGE COMPANY)

                                 STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

                               FOR THE PERIOD FROM INCEPTION (NOVEMBER 6, 1997)
                                               TO DECEMBER 31, 2000


                                                                             Deficit
                                     Common Stock                           Accumulated           Total
                                   $.001 Par Value          Additional       During the       Stockholders'
                                   Number                    Paid-In        Development          Equity
                                 of Shares      Amount       Capital           Stage            (Deficit)
                                ----------      ------      ----------      -----------       -------------
<S>                                <C>           <C>           <C>             <C>                  <C>
At Inception on November 6, 1997
  Issuance of Common Stock
  for $.001 per Share           15,000,000     $15,000       $              $                    $15,000

Issuance of Common Stock for
 $.01 per Share                  5,000,000       5,000         45,000           -                 50,000

Net Loss for the Period Ended
  December 31, 1997                 -              -              -            (84)                 (84)

Balances - December 31, 1997    20,000,000      20,000         45,000          (84)               64,916

Issuance of Common Stock for
  $.10 per Share                   480,000         480         47,520           -                 48,000

Less: Retirement of Stock       (2,700,000)     (2,700)         2,700           -                    -
Net Loss for the Period Ended
  December 31, 1998                 -              -              -          (114,594)          (114,594)

Balances - December 31, 1998    17,780,000       17,780        95,220        (114,678)            (1,678)


Net Loss for the Period Ended
  December 31, 1999                 -              -              -              (742)              (742)

Balances - December 31, 1999    17,780,000       17,780        95,220        (115,420)            (2,420)

Net Loss for the Period Ended
 December 31, 2000                  -              -              -           (82,623)           (82,623)

Balances - December 31, 2000    17,780,000    $  17,780       $95,220       $(198,043)         $ (85,043)
                                ==========    =========       =======       ==========         ==========

</TABLE>

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


<PAGE>


<TABLE>
<CAPTION>


                                                     WAVE POWER.NET, INC.
                                                 (A DEVELOPMENT STAGE COMPANY)

                                                     STATEMENT OF CASH FLOWS


                                                                                                        For the Period
                                                                                                      Inception to Date
                                                                        For the Years Ended            November 6, 1997
                                                                           December 31,                       to
                                                                      2000              1999          December 31, 2000
                                                                    --------          --------      ---------------------
<S>                                                                    <C>               <C>                 <C>
Cash Flows from Operating Activities:
  Net loss                                                          $(82,623)         $  (742)           $(198,043)
  Adjustment to reconcile net loss to net cash
   used in operating activities:
  Amortization                                                           392              392                1,260
  Increase in accounts payable and accrued
   expenses                                                           26,271              350               28,485
                                                                    --------          -------             ---------
   Net cash used in operating activities                             (55,960)               -             (168,298)

Cash Flows from Investing Activities:
  Organization costs                                                      -                 -              (15,662)
    Net cash used in investing activities                                 -                 -              (15,662)

Cash Flows from Financing Activities:
  Proceeds from sale of common stock                                      -                 -              113,000
  Proceeds from stockholder loans                                     55,960                -               70,960
   Net cash provided by investing activities                          55,960                -              183,960

Net Increase in Cash                                                       -                -                   -

Cash - beginning of period                                                 -                -                   -

Cash - end of period                                                $      -          $     -           $       -

Supplemental Disclosures of Cash Flow Information:
  Cash paid during the period for:
   Interest                                                         $     -           $     -           $       -
   Taxes                                                            $     -           $     -           $       -

</TABLE>


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

<PAGE>


                                          23



                              WAVE POWER.NET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                                DECEMBER 31, 2000



1.  THE  COMPANY  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Nature  of  Business
--------------------

Wave Power.Net, Inc., (formerly "Novus Environmental Inc."), a development stage
company (the "Company") was incorporated under the laws of the State of Delaware
on  November  6,  1997 to develop or acquire recycling technologies.  On January
20, 2000 the Company entered into a reorganization agreement whereby the Company
was  to  merge  with Wave Power, Inc., a privately held Florida corporation.  On
March  3,  2000, the parties acknowledged that the merger contemplated had never
been  consummated  and  they  subsequently  agreed  to rescind the agreement and
entered  into  an  agreement  releasing  the  parties  of their right, title and
interest, claims, and obligations that they might otherwise have had or had been
set  forth  in  the  January  20,  2000 agreement (see Note 6, litigation).  The
Company  formally  changed  its  name  to Wave Power.Net, Inc. on Mach 20, 2000.

Basis  of  Accounting
---------------------

The  financial statements of the Company have been prepared on the accrual basis
of  accounting.

Cash  and  Cash  Equivalents
----------------------------

The  Company  considers  all  highly liquid investments with a maturity of three
months  or  less  to  be  cash  equivalents.

Use  of  Management's  Estimates
--------------------------------

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

Translation  of  Foreign  Currencies
------------------------------------

Assets  and  liabilities of foreign operations, where the functional currency is
the  local  currency,  are  translated  into U.S. dollars at the fiscal year end
exchange  rate.  The related translation adjustments are required to be recorded
as  cumulative  translation  adjustments,  a separate component of shareholders'
equity.  Revenues  and  expenses  are  required  to  be translated using average
exchange  rates  prevailing during the year.  Foreign currency transaction gains
and  losses,  as  well  as translation adjustments for assets and liabilities of
foreign  operations where the functional currency is the dollar, are included in
net  income  (loss).  Foreign  currency realized and unrealized gains and losses
for  the  years  presented  were  not  material.



<PAGE>

                              WAVE POWER.NET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                                DECEMBER 31, 2000
                                   (Continued)





1.  THE  COMPANY  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING POLICIES (Continued)

Earnings  (Loss)  Per  Share
----------------------------

As  of  December  31,  1997  the  Financial  Accounting  Standards  Board issued
Statement  No.  128 "Earnings Per Share" (SFAS 128) replacing the calculation of
primary and fully diluted earnings per share with Basic and Diluted earnings per
share.  Unlike primary earnings per share, basic earnings per share excludes the
dilutive  effects  of  options,  warrants  and  convertible securities.  Diluted
earnings  per  share  is  very  similar to the previously reported fully diluted
earnings  per share.  Diluted earnings per share reflects the potential dilution
that  could  occur  if securities or other agreements to issue common stock were
exercised  or  converted  into  common  stock.  Diluted  earnings  per  share is
computed  based  upon  the weighted average number of common shares and dilutive
common  equivalent  shares  outstanding.  Common stock options, which are common
stock  equivalents,  had  an  anti-dulitive  effect on earnings per share and no
effect  on  the  weighted  average  number  of  common  shares.

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

The  Company  has  adopted  Statement  of Financial Accounting Standards No. 121
(SFAS  121),  "Accounting  for  the  Impairment  of  Long-Lived  Assets  and for
Long-Lived  Assets  to  be  Disposed  of".  SFAS  121 requires that if facts and
circumstances  indicate  that  the  cost  of fixed assets or other assets may be
impaired,  an  evaluation  of recoverability would be performed by comparing the
estimated  future  undiscounted  pre-tax cash flows associated with the asset to
the  asset's  carrying  value  to  determine  if a write-down to market value or
discounted  pre-tax  cash  flow  value  would  be  required.

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

The  Company  has  adopted  Statement of Financial Accounting Standards No. 130,
(SFAS  130)  "Reporting Comprehensive Income".  This statement establishes rules
for  the reporting of comprehensive income and its components which require that
certain items such as foreign currency translation adjustments, unrealized gains
and losses on certain investments in debt and equity securities, minimum pension
liability  adjustments  and  unearned  compensation  expense  related  to  stock
issuances  to  employees  be  presented  as separate components of stockholders'
equity.  The  adoption  of  SFAS 130 had no impact on total stockholders' equity
for  the  period  presented  in  these  financial  statements.

Start-Up  Activities
--------------------

Start-up  activities are accounted for in accordance with the American Institute
of  Certified  Public Accountants'  Statement of Position (SOP 98-5), "Reporting
the  Costs  of  Start-Up  Activities".  SOP  98-5  requires  start-up  costs, as
defined,  to  be  expensed as incurred and is effective for financial statements
for  fiscal  years  beginning  after  December  15, 1998.  The Company currently
expenses  all  start-up costs as incurred and the application of SOP 98-5 had no
material  impact  on  the  Company's  financial  statements.



<PAGE>


                              WAVE POWER.NET, Inc.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                                DECEMBER 31, 1999
                                   (Continued)





1.  THE  COMPANY  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING POLICIES (Continued)

Stock-Based  Compensation
-------------------------

The  Company  has  elected  to follow Accounting Principles Board Opinion No. 25
(APB  25)  "Accounting  for  Stock  Issued  to  Employees" in accounting for its
employee  stock  option  plans.  Under  APB  25,  when the exercise price of the
Company's  employee  stock  options  equals  or is above the market price of the
underlying  stock  on  the date of grant, no compensation expense is recognized.

In  accounting  for  options  granted  to  persons  other  than  employees,  the
provisions  of Financial Accounting Standards Board Statement No. 123 (FASB 123)
"Accounting  for Stock Based Compensation" are applied.  In accordance with FASB
123  the fair value of these options are to be estimated at the grant date using
the  Black-Scholes  option  pricing  model.

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

The  Company  follows  Statement of Financial Accounting Standards No. 109 (SFAS
109)"Accounting  for  Income  Taxes".  SFAS  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 statements or tax returns.
Under  this  method, deferred tax liabilities and assets are determined based on
the difference between the financial statement carrying amounts and tax bases of
assets  and  liabilities using enacted tax rates in effect in the years in which
the  differences  are expected to reverse.  Valuation allowances are established
when  necessary  to  reduce  deferred  tax  assets  to the amount expected to be
realized.


2.  PLAN  OF  OPERATIONS

Wave  Power.Net,  Inc.  is  a  development  stage  company involved in the waste
management business and plans to be involved in the manufacturing, construction,
installation,  licensing and permitting of recycling facilities specifically for
car  and truck tires.  Management believes that the Company's principal asset is
its  ability  to  convert  waste  tires  into commercially viable and profitable
products.  The  Company continues to pursue its original intentions which was to
be  engaged  in  the  manufacturing,  construction,  installation, licensing and
permitting  of  recycling  facilities,  specifically  for  car  and truck tires.

Current  waste  tire  collection  and  disposal  practices  include stockpiling,
burning  and burying, or other selective specialty methods that cannot cope with
the  vast number of tires that need disposal yearly.  In order to deal with this
threat  to human health and the environment, the U.S. Senate introduced in March
1997  the "Waste Tire Recycling, Abatement, and Disposal Act of 1997".  Also, in
March  1997  the  House of Representatives introduced the "Tire Pile Improvement
and  Remediation  Effectiveness  Act",  this  act  provides  for Tire Grants for
purposes  of  constructing  fire lanes in, and removing, tire piles containing 1
million  or  more  tires.

The Company has acquired and tested a tire recycling technology that it believes
economically  converts  waste  tires into useful commercial products without any
harmful  environmental  impact  as  per  the  requirements of the Act.  This Act
mandates  that  all states implement actions to eliminate tire stockpiles by the
end  of  the  year  2005.


<PAGE>

                              WAVE POWER.NET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                                DECEMBER 31, 1999
                                   (Continued)




2.  PLAN  OF  OPERATIONS  (Continued)

The  Company  believes that its technical knowledge concerning the conversion of
waste  tires  into  commercially  viable  and  profitable products provide it an
advantage  over  other  methods  of  disposal  currently  in use.  The technical
knowledge  centers  on:

1.          The  ability  to  shred  waste  tires  into small pieces (crumbs) by
applying  relatively  uncomplicated,  but  unique,  shredding  methodologies.

1.          Unique  adhesive  materials  that will bind the shredded tire crumbs
and  other  raw  materials  into  a  strong  and  durable  finished  product.

1.          A  proprietary  formula of raw material inputs that will produce the
desired  end  product.

The  Company  intends to offer several key entry-level products: erosion control
blocks,  freeway sign posts and traffic curbs.  Future product possibilities are
numerous  and  include:  freeway  sound  barriers,  light standards, matrix wood
alternative  (fence  posts,  etc.),  housing  units and barns.  Product benefits
include  extreme strength, corrosion resistance, unlimited life, environmentally
nonthreatening  and  recyclable  at  a  cost comparable to alternative products.

The  Company anticipates that revenues will be generated through the sale of the
molded end products that conform to the procurement lists issued by the Federal,
State  and  County  procurement  policies  regarding  recycled  and domestically
manufactured  products.  The  major  customers that the Company will target will
therefore  be  government  agencies and contractors.  The Company will apply for
specific  government  grants  and obligation bonds available for tire recycling,
and,  if  successful,  immediately  construct  its  first  plant  in  the  USA.

The  Company, however, will be at a disadvantage which will make it difficult to
achieve  its  objectives.  The  industry  is  highly competitive with respect to
price,  service,  quality and marketing.  As a result, the potential for failure
in  this  industry is significant.  There are numerous, well-established, larger
competitors  in  the  industry  with  comprehensive  experience,  possessing
substantially  greater  financial,  marketing,  personnel  and  other resources.

3.  DUE  TO  STOCKHOLDER

As  of December 31, 2000 the Company is indebted to its principal stockholder in
the  amount  of  $70,960.  This is a noninterest bearing loan payable on demand.


4.  PROVISION  FOR  INCOME  TAXES

For each of the periods from inception November 6, 1997 to December 31, 2000 the
Company  had  losses  that totaled $198,043.  No tax expense or benefit has been
reported  in  the  financial  statements  due  to  the  uncertainty  of  future
operations.


<PAGE>

                              WAVE POWER.NET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                                DECEMBER 31, 2000
                                   (Continued)




5.  COMMON  STOCK

The  authorized  capital  stock  of the Company consists of 75,000,000 shares of
common  stock,  par  value  $.001  per  share.

On  December 5, 1997 the Company issued 15,000,000 shares of common stock to the
incorporators  of  the  Company  for  $15,000.

From  December 8, 1997 to December 30, 1997 the Company sold 5,000,000 shares of
its  common stock for $.01 in connection with a public offering under Regulation
D  Rule  504.   The  Company also sold from April 29, 1998 to May, 1998, 480,000
shares  of  its  common  stock for $.10. The Company conducted both offerings in
such  a  manner  that  the shares were sold only to accredited investors as such
term  is defined in Rule 501 of Regulation D under the Act.  The pricing and the
terms  of  the  securities were arbitrarily determined by the Company and had no
relationship to the Company's assets, book value or results of operations or any
generally  accepted  criteria  of  value.

In  September,  1998  two incorporators and officers of the company resigned and
returned  for  retirement  2,700,000  shares  of their holdings in the Company's
common  stock.


6.  COMMITMENTS  AND  CONTINGENCIES

Government  Regulation
----------------------

The Company is subject to local state and federal laws of the jurisdictions that
it  operates  in.  The Company also believes that it will be subject to the laws
of  all  jurisdictions  of  its  participants  and  clients.

Litigation
----------

On  January  20,  2000 the Company executed an agreement with Wave Power Inc., a
Florida  corporation  ("Wave  Power") whereby Wave Power was to be combined with
Novus  Environmental  Inc.,  through  the  issuance  of  17,000,000  shares  of
restricted  common  stock of Novus Environmental Inc. in exchange for 17,000,000
shares  of  Wave Power which represented all of the issued and outstanding stock
of  Wave Power. Pursuant to this agreement, the Company also changed its name to
Wave  Power.Net  Inc.

On  March  3,  2000  the  agreement  with  Wave Power terminated and the Company
entered  into  a  settlement  agreement  and  mutual release with Wave Power and
Vernon  Kendrick,  its  President,  whereby the Company agreed to relinquish its
right  to  use  the name Wave Power.Net, Inc. as well as any variations thereon.
Also,  on  March  3, 2000, Wave Power entered into a merger agreement with Enter
Tech  Corporation,  a  publicly traded Nevada corporation ("Enter Tech").  Among
the  terms  of  their  agreement was the provision that in consideration for the
Company  relinquishing  the  rights  to  the  Wave Power name the Company was to
receive  one million shares of common stock of Enter Tech with a market value at
the  date  of  the  signing of the agreement of approximately $1 per share.  The
above  indicated  settlement agreement and mutual release was made a part of the
merger  agreement.


<PAGE>

                              WAVE POWER.NET, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS

                                DECEMBER 31, 2000
                                   (Continued)




6.  COMMITMENTS  AND  CONTINGENCIES  (Continued)

Litigation  (Continued)
----------

On  April  11,  2000,  the  Company was notified by attorneys for Enter Tech who
claimed  nonperformance  by  the  Company  under  the above indicated settlement
agreement  and mutual release, alleging among other things, that the Company was
still using the name Wave Power.Net.  Accordingly in the event Enter Tech brings
a  lawsuit,  the  potential  outcome of the case could not be determined at this
time,  nor  could  any potential monetary damages be estimated.  As of March 30,
2001 neither Enter Tech nor the Company commenced any legal action and there has
been  no change relating to this matter.  As of both December 31, 2000 and March
30,  2001  the  closing  market  price  of  Enter  Tech  common  stock was $.08.

Because  of  the  uncertainty  surrounding  the realization of the revenue which
would  arise  from  the  provisions of the merger agreement with Enter Tech, the
Company  has  not  recognized  any  revenue  relating  to  the  transaction.

On  March  1, 2000, the Company rented office space subject to a lease which was
to  expire February 28, 2001.  The Company never occupied the premises, however,
it  may  be  considered  in  technical  default  under  the  terms of the lease.

Consulting  Agreements
----------------------

On February 10, 2000 the Company entered into an agreement with a consultant for
assistance  in  seeking  and arranging financing for the Company.  The agreement
has  no  fixed  term  and compensation for the consultant is contingent upon the
amount  and type of financing that it ultimately is able to negotiate with third
parties.

On  February  28,  2000,  the  Company  entered  into  an agreement with another
consultant  for  a one year term whereby the consultant is required to introduce
the  Company  to potential sources of financing.  This consultant's compensation
is  contingent  upon the amount and type of financing ultimately obtained by the
Company  from  sources  that were introduced by this consultant.  This agreement
was  cancelled  on  January  17,  2001.

7.  SUBSEQUENT  EVENTS

On  January  3,  2001 the Company executed a Letter of Intent to acquire 100% of
the  outstanding  capital  stock of Emission Controls Corp. ("ECC"), a privately
held  Nevada corporation, in exchange for 15,000,000 restricted shares of common
stock  of  the  Company.  ECC's primary assets consist of patents to proprietary
technology for a device known as the Natural Resources Fuel Reformer ("Cracker")
which  claims to reduce harmful emissions from internal combustion engines.  The
Letter of Intent also included the provision that the Company would be obligated
to  pay  a  royalty  of 3 percent of the net income of the Company to Syd Cooke,
President  of  ECC,  and/or  a  nominee,  up to a maximum of $1,000,000,000.  On
January  7,  2001, the parties entered into a Reorganization Agreement affirming
the  terms  and conditions as set forth in the Letter of Intent.   The Agreement
also  set  forth  other  conditions  and established a due diligence period.  On
March  29,  2001,  the  parties  mutually  agreed  to rescind the Reorganization
Agreement  and  Letter  of  Intent.


<PAGE>

Item  8.  Changes  in  and  Disagreements  with  Accountants  on  Accounting and
--------------------------------------------------------------------------------
Financial  Disclosure.
----------------------

Samuel  Klein  and  Company,  One  Newark  Center, Newark, New Jersey 07102, has
audited  the  statements  included  herein.  We  have  not had any changes in or
disagreements  with  our  accountants.

PART  III

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

Officers  and  Directors.

The  following  chart  sets  forth  information  on  our officers and directors:

Name                       Age              Title
Date  Elected/Appointed
----------------------     --               ----------------------------------
Brian  Fisher              51               President,  Secretary,  Treasurer
October  16,  1998

Our  Bylaws  require  that  we  have  a  minimum of one director.  Directors are
elected  at  our  annual  meeting  to be held on the 6th of November.  Directors
shall  serve until their successors are duly elected or appointed.  A vacancy on
the  Board  of  Directors  may  be  filled  by  a majority vote of the remaining
directors.

Biography  of  Sole  Director,  Brian  Fisher:

Brian  Fisher,  age  51,  is  a  resident  of  British  Colombia, Canada.  After
graduating from high school, Mr. Fisher became a plumber contractor and sold his
business  in  1980.  He subsequently became a successful drilling contractor and
sold  that  business  in  1991,  whereupon  he  became involved in the recycling
industry.  In  1997  he became President of Novus Environmental, Inc., now known
as  Wave  Power.net,  Inc.  To supplement his practical experiences in business,
Mr.  Fisher  enrolled  in  several  business  management  courses.

Identify  Significant  Employees.

As of the date of this registration statement, we have no persons, not mentioned
above,  who  are  expected  to  make a significant contribution to our business.

Family  Relationships.

As of the date of this registration statement, there are no family relationships
between our promoters, executive officers, control persons, directors or persons
nominated  for  such  positions.

Involvement  in  Certain  Legal  Proceedings.

As of the date of this registration statement, the Company has had no events, to
the  best  of our knowledge, that occurred during the past five years, including
bankruptcies,  criminal  convictions  or proceedings, court orders or judgments,
that  are material to an evaluation of the ability or integrity of any director,
executive  officer,  promoter,  control  person or any person nominated for such
position.

Compliance  with  Section  16(a)  of  the  Exchange  Act.

Based  solely upon a review of Forms 3 and 4 and amendments thereto furnished to
the  Company  under  Rule  16a-3(d) during its most recent two fiscal years, and
Forms 5 and amendments thereto furnished to the Company with respect to its most
recent  two  fiscal  years,  and  any  written  representations  received by the
Company,  the  Company has not identified any person who, at any time during the
two  preceding  fiscal  years, was a director, officer, beneficial owner of more
than  ten  percent of the Company's outstanding common stock that failed to file
on  a  timely basis any reports required by Section 16(a) during the most recent
two  fiscal  years  or  any  prior  years.

Item  10.  Executive  Compensation.
-----------------------------------

None  of  the  Company's  executive  officers  and  directors  received  any
compensation,  cash or non-cash, during the fiscal year ended December 31, 2000.

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

The  following  table  sets forth information as of December 31, 2000, regarding
the  ownership  of  the  Company's common stock by each shareholder known to the
Company  to be the beneficial owner of more than five percent of its outstanding
shares  of  common stock, each director and all executive officers and directors
as  a  group.  Except  as otherwise indicated, each of the shareholders has sole
voting  and  investment  power  with  respect  to  the  shares  of  common stock
beneficially  owned.


Title  of           Name  &  Address  of     Amount  &  Nature         Percent
Class                 Beneficial  Owner         of  Ownership         of  Class
-------------------------------------------------------------------------------
Common              Brian  Fisher            12,300,000  shares       69%
                    17938  67th  Ave.          Common  stock
                    Cloverdale,  BC,  Canada

TOTAL                                        12,300,000 shares        69%
                                                Common  Stock

Item  12.   Certain  Relationship  and  Related  Transactions.
--------------------------------------------------------------

None.

Changes  in  Control.

There  are currently no arrangements, which may result in a change of control of
the  Company.

Item  13.  Exhibits  and  Reports  on  Form  10-KSB
None
---------------------------------------------------


<PAGE>



                                   SIGNATURES

     Pursuant  to  the requirements of Section 12 of the Securities Exchange Act
of 1934, the registrant has duly caused this registration statement to be signed
on  its  behalf  by  the  undersigned, hereunto duly authorized this 16th day of
April  2001.

                              Wave Power.net, Inc.

                            /s/_____________________
                           By: Brian Fisher, President