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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                  FORM 10-KSB


[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
     1934

     For the fiscal year ended: DECEMBER 31, 2005

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the transition period from________________ to ________________


                             NETCO INVESTMENTS INC.
                       ----------------------------------
             (Exact name of registrant as specified in its charter)



          Washington                   333-47514             91-2031335
-------------------------------    ----------------    ---------------------
(State or other jurisdiction of    (Commission File        (IRS Employer
 incorporation or organization)         Number)         Identification No.)


       Suite 206, 388 Drake Street
   Vancouver, British Columbia, Canada                         V6B 6A8
------------------------------------------      --------------------------------
 (Address of principal executive offices)                   (Zip Code)


    Issuer's telephone number                             (604) 648-2090
      (including area code)

                                           -----

Suite 212, 1166 Alberni Street, Vancouver,                    V6E 3Z3
       British Columbia, Canada
------------------------------------------      --------------------------------
 (Former name, former address and former                    (Zip Code)
fiscal year, if changed since last report)


<PAGE>
Securities registered pursuant to Section 12(b) of the Act:     None

Securities registered pursuant to Section 12(g) of the Act:     Common Stock

Indicate by check mark whether the registrant (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  [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
or Regulation S-B is not contained herein, and no disclosure will be contained,
to the best of the 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 is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

Yes  [ ]     No  [X]


Revenues for the year ended December 31, 2005 were $0.00.

The aggregate value of the issuer's common stock held by non-affiliates
(assuming that the issuer's only affiliates are its' directors, officers and 10%
or greater stockholders) of the issuer as of December 31, 2005 was US$106,250


REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS

                                Not applicable.


                   (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

Indicate the number of shares outstanding of each of the registrant's classes of
common equity, as of the latest practicable date:

March 27, 2006 - 8,550,000 Common Shares


                      DOCUMENTS INCORPORATED BY REFERENCE

A description of "Documents Incorporated by Reference" is contained in Item 13
of this Report.

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


<PAGE>
<TABLE>
<CAPTION>
                             NETCO INVESTMENTS INC.

                                   FORM 10-KSB
                                TABLE OF CONTENTS

<S>       <C>                                                              <C>
Item 1.   DESCRIPTION OF BUSINESS . . . . . . . . . . . . . . . . . . . .   4

Item 2.   DESCRIPTION OF PROPERTY . . . . . . . . . . . . . . . . . . . .   7

Item 3.   LEGAL PROCEEDINGS . . . . . . . . . . . . . . . . . . . . . . .   7

Item 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS . . . . . .   8

Item 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS. . . .   8

Item 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION . . .   8

Item 7.   FINANCIAL STATEMENTS. . . . . . . . . . . . . . . . . . . . . .  11

Item 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURE. . . . . . . . . . . . . . . . . . . . . .  25

Item 8a.  CONTROLS AND PROCEDURES . . . . . . . . . . . . . . . . . . . .  25

Item 8b.  OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . . . .  25

Item 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS
          COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT . . . . . . .  26

Item 10.  EXECUTIVE COMPENSATION. . . . . . . . . . . . . . . . . . . . .  28

Item 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENTAND RELATED STOCKHOLDER MATTERS . . . . . . . . . . .  29

Item 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS. . . . . . . . .  29

Item 13.  INDEX TO EXHIBITS . . . . . . . . . . . . . . . . . . . . . . .  29

Item 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES. . . . . . . . . . . . .  30
</TABLE>


<PAGE>
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this Form 10-K under "Item 1. Business", "Item 2.
Properties", "Item 3. Legal Proceedings", and "Item 7. Management's Discussions
and Analysis of Financial Condition and Results of Operations" and elsewhere
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Reform Act"). Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
NetCo Investments Inc., a company organized under the laws of Washington
("NetCo"), to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following: general economic and business
conditions; competition; success of operating initiatives; our ability to raise
capital and the terms thereof; changes in business strategy or development
plans; future rental revenues; the continuity, experience and quality of our
management; changes in or failure to comply with government regulations or the
lack of government authorization to continue our projects; and other factors
referenced in the Form 10-K.

The use in this Form 10-K of such words as "believes", "plans", "anticipates",
"expects", "intends", and similar expressions are intended to identify
forward-looking statements, but are not the exclusive means of identifying such
statements. The success of NetCo is dependent on our efforts, the employees and
many other factors including, primarily, our ability to raise additional
capital.

We caution readers not to place undue reliance on any such forward-looking
statements, which speak only as of the date made. Such forward-looking
statements are based on the beliefs and estimates of our management as well as
on assumptions made by and information currently available to us at the time
such statements were made. Forward looking statements are subject to a variety
of risks and uncertainties which could cause actual events or results to differ
from those reflected in the forward looking statements, including, without
limitation, the failure to obtain adequate financing on a timely basis and other
risks and uncertainties. Actual results could differ materially from those
projected in the forward-looking statements, either as a result of the matters
set forth or incorporated in this Report generally and certain economic and
business factors, some of which may be beyond our control.

These factors include, among others, the risk factors discussed in the section
entitled "risk factors". We disclaim any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or unanticipated
events.


                                     PART 1

ITEM  1.     DESCRIPTION  OF  BUSINESS

GENERAL INFORMATION

We were incorporated in the State of Washington on March 15, 2000, under the
name of NetCo Investments Inc., for the purpose of marketing vitamins and
supplements, via the Internet and commissioned sales agents. Our principal
executive offices are located in Vancouver, British Columbia, Canada.

NetCo is a development stage company and, to date, has commenced commercial
operations but has not yet earned any revenues.

BUSINESS DEVELOPMENT

Our primary business objective is to market high-quality vitamins, homeopathic
supplements and pre-packaged vacuum packed raw foods, in meal sized portions,
for domesticated household animals i.e. dogs and cats, via the Internet and
commissioned sales agents.


                                        4
<PAGE>
NetCo is doing business as VitaBeast Foods and we have started to market these
products on-line under the VitaBeast Foods label. We will be applying to
trademark the name VitaBeast Foods.

We are marketing our product in Vancouver, Canada in order to facilitate easy
delivery of our product. As soon as any and all defects have been identified and
fixed, we will expand our geographic market.

The URL www.vitabeast.com is owned by the Company and customers place their
orders, via the website, and will have their delivery couriered directly to
their address. All financial transactions will be handled by VitaBeast's Visa
and Mastercard merchant account. The VitaBeast Webmaster will download e-mail
orders several times a day, check for payment and then submit the product order.

VitaBeast will use e-commerce advertising such as banner ads on major servers
and websites, use affiliate marketing as well as trying to insure that all major
search engines display VitaBeast on their search pages as a choice for healthy
pet foods and homeopathic supplements.

Sales will also be implemented by commissioned sales agents. Sales agents will
be paid a commission of 10% of the selling price of the VitaBeast product they
sell. To date NetCo has one sales person.

ACQUISITION OF THE LICENSE

On March 15, 2000, the sole shareholder, Ryerson Corporation A.V.V. ("Ryerson"),
acquired the Vitamineralherb.com license from Mortenson & Associates
("Mortenson") and transferred the license to us in exchange for 3,500,000
shares. Ryerson acquired a further 800,000 common shares at a fair market value
of $0.01 per share for legal and organizational expenses.

Because of a lack of support from the management of VitamineralHerb.com, we
decided to abandon utilizing the VitaMineralHerb License. We now focus on the
sale of vitamins and homeopathic supplements as well as pre-packaged vacuum
packed fresh frozen foods in meal size portions for pets (that we will purchase
from Amore Foods and Adored Beast Veterinary clinic) and will market this
product under the VitaBeast label directly to pet owners via the Internet.

BACKGROUND ON VITABEAST.COM AND SUPPLIERS

As a result of due diligence that we conducted while researching the
Vitamineralherb.com market, we ascertained that there was a large and untapped
market for vitamin and homeopathic supplements, as well as prepared fresh frozen
raw pet foods. We found that many pet owners were in favor of changing their
pet's diets to one of fresh raw foods rather than dry treated food pellets and
that most potential customers are working and that ordering over the Internet
would have great convenience appeal.

     VitaBeast has initially started out with two providers:

          a)   Amore Foods Ltd., who is the manufacturer and distributor of the
               prepared raw, fresh food meals for dogs and cats which they
               produce and freeze, including buffalo meat and bones in meal size
               portions. Amore Foods distribute as wholesalers.

          b)   Adored Beast Veterinary Clinic will provide vitamins and
               supplements, until we are in a financial position to order in
               bulk directly from the distributors of vitamins and supplements.
               We will purchase vitamins and minerals from Adored Beast at cost,
               plus 10%.

     We do not have a written long-term agreement with either provider but the
     basic product is available from other sources and we, therefore, are not
     concerned about providers.

     VitaBeast retained a marketing consultant to provide an initial
     consultation and preliminary marketing plan for the Company. VitaBeast's
     www.vitabeast.com, has been fully functional since June 15, 2004 and is
     ready to receive and process orders from customers. VitaBeast has been
     advertising on-line but has not yet been successful in selling products.


                                        5
<PAGE>
COMPETITION

The electronic commerce industry is new, rapidly evolving and intensely
competitive, and we expect competition to intensify in the future. Barriers to
entry are minimal and current and new competitors can launch sites at a
relatively low cost. In addition, the fresh raw foods, vitamin and supplement
products for pets has no clear, dominant leader.

Our competitors can be divided into several groups including:

-    traditional pet stores which sell packaged dry pet food as well as
     vitamins, supplements, minerals and alternative health products;

-    traditional veterinary clinics will be a constant competitor to VitaBeast;

-    the online retail initiatives of several traditional pet food, vitamins,
     supplements, minerals and alternative health products retailers;

-    independent online retailers specializing in pet foods, vitamins and
     supplements; and

-    mail-order and catalogue retailers of pet food, vitamins, supplements,
     minerals and alternative health products.

Many of our potential competitors have longer operating histories, larger
customer or user bases, greater brand recognition and significantly greater
financial, marketing and other resources than we do. These competitors include
multi-store/franchised big box pet product retailers as well as smaller "mom and
pop" retail pet stores. In addition, an online retailer may be acquired by,
receive investments from, or enter into other commercial relationships with,
larger, well-established and well-financed companies as use of the Internet and
other electronic services increases. Competitors have and may continue to adopt
aggressive pricing or inventory availability policies and devote substantially
more resources to website and systems development than we do. Increased
competition may result in reduced operating margins and loss of market share.

VitaBeast believes that the principal competitive factors in its' market are:

-    Ability  to  attract  and  retain  customers  by  offering:
     a)   convenience of ordering over the Internet and home delivery; and
     b)   high quality fresh frozen raw foods in meal sized portions, high
          quality low cost vitamins and homeopathic supplements for the sole use
          of pets.

-    Salespeople working on a commission basis to sell product directly to the
     consumer.

-    Unique Product: VitaBeast's products are a healthy alternative to the
     typical dry and tinned pet foods. It is management's opinion that pet
     owners are becoming more aware of the value of feeding their pets healthy
     fresh raw food product rather than pre-packaged dry foods.

-    Quality and responsiveness of customer service: By utilizing the VitaBeast
     website, www.vitabeast.com, customers can order directly and inquire about
     special vitamin and supplement needs.

We believe that we can compete favorably on these factors. However, we will have
no control over how successful our competitors are in addressing these factors.
In addition, with little difficulty, our online competitors can duplicate many
of the products or services offered on the VitaBeast web site.

REGULATORY ENVIRONMENT

There is no government body that regulates foods, vitamins and supplements for
pet consumption. There are however a few associations that monitor the industry
such as the American Pet Products Manufacturers Association ('APPMA') Management
believes that the vision of the American Pet Products Manufacturers Association
is to create a society where every household has a pet or that pets are treated
in a caring and responsible manner. Management has cut from the APPMA website
the following quote "The American Pet Products Manufacturer's Association is the
leading not-for-profit trade association serving the interests of American pet
product manufacturers and importers. Founded in 1958 with a membership of 17
manufacturers, APPMA's membership has grown to include over 500 pet product
manufacturers and importers representing both large corporations and growing
business enterprises. APPMA was established to promote, develop and advance pet
ownership and the pet product industry". To this end, APPMA:


                                        6
<PAGE>
     -    supports industry-related market research, scientific research and
          educational seminars;

     -    promotes responsible pet ownership through education and research;

     -    works closely with other major organizations dedicated to similar
          goals to identify and help fund research projects; and

     -    monitors and responds to legislation and regulation.

     It is the intention of NetCo to become a member of APPMA.

     REGULATION OF THE INTERNET

In general, existing laws and regulations apply to transactions and other
activity on the Internet; however, the precise applicability of these laws and
regulations to the Internet is sometimes uncertain. The vast majority of such
laws were adopted prior to the advent of the Internet and, as a result, do not
contemplate or address the unique issues of the Internet or electronic commerce.
Nevertheless, numerous federal and state government agencies have already
demonstrated significant activity in promoting consumer protection and enforcing
other regulatory and disclosure statutes on the Internet. Additionally, due to
the increasing use of the Internet as a medium for commerce and communication,
it is possible that new laws and regulations may be enacted with respect to the
Internet and electronic commerce covering issues such as user privacy, freedom
of expression, advertising, pricing, content and quality of products and
services, taxation, intellectual property rights and information security. The
adoption of such laws or regulations and the applicability of existing laws and
regulations to the Internet may impair the growth of Internet use and result in
a decline of our sales.

There is currently no Federal Sales Tax on Internet transactions in the USA.
However, it is our understanding that there are agencies working on the
Streamline Sales Tax Project to consider ways of taxing Internet sales,
especially mail-order sales. In the event a sales tax is imposed, this could
impact on our sales and ability to generate profit from sales over the Internet.


ITEM  2.     DESCRIPTION OF PROPERTY

At present, in order to reduce overhead expenses, NetCo does not maintain a
physical office in the United States. Our current administrative facility is
made available pursuant to a verbal agreement with one of our director's other
companies for office space located at Suite 206, 388 Drake Street, Vancouver,
British Columbia, Canada.


ITEM  3.     LEGAL PROCEEDINGS

We 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. We are not
currently involved in any such litigation, which we believe could have a
materially  adverse  effect on our financial condition or results of operations.


                                        7
<PAGE>
ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

No matters were submitted to a vote of security holders during the fourth
quarter of 2005

                                     PART 11

ITEM  5.     MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

MARKET INFORMATION

Under the Securities Act of 1933, we filed our registration statement on Form
SB-2 and on July 9, 2004 our request for registration became effective. On
January 7, 2005, we completed a private placement for 4,250,000 common shares at
US$0.025 per share.

We are trading on the OTC Bulletin Board Service (trading symbol: NIVS).

HOLDERS

As of March 27, 2005 we had FIFTY TWO (52) shareholders of record of common
stock, including shares held by brokerage clearing houses, depositories or
otherwise in unregistered form.

DIVIDENDS

We have not declared any cash dividends with respect to our common stock and do
not intend to declare dividends in the foreseeable future. There are no material
restrictions or limiting that are likely to limit the Company's ability to pay
dividends in it's common stock.

RECENT SALES OF UNREGISTERED SECURITIES

Set forth below is information related to the securities we sold during the last
three fiscal years ended December 31, 2005 , without registration under the
Securities Act of 1933, as amended.

<TABLE>
<CAPTION>
----------------------------------------------------------------------
      NAME          DATE ACQUIRED   NUMBER OF SHARES     AGGREGATE
                                                       CONSIDERATION
----------------------------------------------------------------------
<S>               <C>               <C>               <C>
      NIL               N/A              N/A               N/A
----------------------------------------------------------------------
</TABLE>

ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
             RESULT  OF  OPERATIONS

You should read the following discussion and analysis in conjunction with the
audited financial statements and notes thereto appearing elsewhere in this
annual report on Form 10-KSB.

OVERVIEW

From inception to the close of our initial public offering on January 7, 2005,
we suffered recurring losses and net cash outflows from operations. As a result
of the initial public offering, we had a working capital surplus of $21,573 as
of December 31, 2005, which is insufficient to fund operations through the next
year. We expect to continue to incur substantial losses in our efforts to
establish a new business. Since inception, we have funded operations through
related party loans in order to meet our strategic objectives. However, there
can be no assurance that we will be able to obtain further funds to continue
with our efforts to establish a new business.


                                        8
<PAGE>
PLAN OF OPERATIONS

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

Our prior full fiscal years ending December 31 2005, 2004 and 2003 are not
indicative of our current business plan and operations. During the years ended
December 31 2005, 2004 and 2003, we had no revenue and were in the development
stages.

We have not currently generated any revenue from operations and do not expect to
report any significant revenue from operations until our marketing efforts
mature. Even after the sale of our product, there can be no assurance that we
will generate positive cash flow and there can be no assurances as to the level
of revenues, if any, that we may actually achieve from the VitaBeast website.

We expect to continue to incur substantial losses in our efforts to establish a
new business.

RESULTS OF OPERATIONS

TWELVE MONTHS ENDED DECEMBER 31, 2005 AND TWELVE MONTHS ENDED DECEMBER 31, 2004

Revenue: We had no revenue for the twelve months ended December 31, 2005 nor for
the twelve months ended December 31, 2004.

General and Administrative Operating Expenses: Our operating expenses were
$51,014 for the period ending December 31, 2005, compared to $20,074 in fiscal
2004, an increase of $30,940. These expenses were mainly attributed to
consulting, filing, legal, management, organizational and audit fees of $35,013
in fiscal 2005 as compared to $16,956 in fiscal 2004.

LIQUIDITY AND CAPITAL RESOURCES

Our cash position is $44,307 for the period ending December 31, 2005 and was
$111,171 for the period ending December 31, 2004.

The working capital surplus at December 31, 2005 is $21,573 as compared to a
working capital surplus of $81,250 at December 31, 2004.

Our primary source of funds since incorporation has been through the issue of
our common stock, the proceeds of the initial public offering and loans to us by
a director of the Company and a company with a director in common.

CRITICAL ACCOUNTING POLICIES

The discussions and analysis of our financial condition and results of
operations, including the discussion on liquidity and capital resources, are
based upon the financial statements, which have been prepared in accordance with
US GAAP. The preparation of these financial statements requires us to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of contingent assets and
liabilities. On an ongoing basis, management re-evaluates its estimates and
judgments, particularly those related to the determination of the impairment of
its intangible assets. Actual results could differ from the estimates. We
believe the following are the critical accounting policies used in the
preparation of the financial statements.

In January 2002, the Financial Accounting Standards Board issued SFAS No. 142
"Goodwill and Other Intangible Assets". Under SFAS No. 142, goodwill and
indefinite life intangible assets are no longer amortized. Separate intangible
assets that are not deemed to have indefinite life will continue to be amortized
over their useful lives. SFAS No. 142 also establishes a new method of testing
goodwill and other intangible assets for impairment on an annual basis or on an
interim basis if an event occurs or circumstances change that would reduce the
fair value of that goodwill or other intangible asset below its carrying value.
The non-amortization provision of SFAS No. 142 applying to goodwill and other
tangible assets acquired has been adopted at January 1, 2002.

ITEM  7.     FINANCIAL  STATEMENTS


                                        9
<PAGE>
                             NETCO INVESTMENTS INC.

                          (A Development Stage Company)

                         REPORT AND FINANCIAL STATEMENTS

                           December 31, 2005 and 2004

                             (Stated in US Dollars)
                              --------------------


                                       10
<PAGE>
A PARTNERSHIP OF INCORPORATED PROFESSIONALS                       AMISANO HANSON
                                                           CHARTERED ACCOUNTANTS


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Stockholders,
Netco Investments Inc.
(A Development Stage Company)


We have audited the accompanying balance sheets of Netco Investments Inc. (A
Development Stage Company) as of December 31, 2005 and 2004 and the related
statements of operations, stockholders' equity (deficiency) and cash flows for
each of the years then ended and for the period March 15, 2000 (Date of
Inception) to December 31, 2005. 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 the standards of the Public Company
Accounting Oversight Board (United States of America). Those standards require
that we plan and perform an audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An audit includes
examining on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, these financial statements referred to above present fairly, in
all material respects, the financial position of Netco Investments Inc. as of
December 31, 2005 and 2004 and the results of its operations and its cash flows
for the years then ended and for the period March 15, 2000 (Date of Inception)
to December 31, 2005 in conformity with accounting principles generally accepted
in the United States of America.

The accompanying financial statements referred to above have been prepared
assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, the Company is in the development stage, and has
no established source of revenue and is dependent on its ability to raise
capital from shareholders or other sources to sustain operations. These factors,
along with other matters as set forth in Note 1, raise substantial doubt that
the Company will be able to continue as a going concern. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.


Vancouver, Canada                                               "AMISANO HANSON"
March 17, 2006                                             Chartered Accountants

750 WEST PENDER STREET, SUITE 604                        TELEPHONE: 604-689-0188
VANCOUVER CANADA                                         FACSIMILE: 604-689-9773
V6C 2T7                                                E-MAIL: amishan@telus.net


                                       11
<PAGE>
<TABLE>
<CAPTION>
                                NETCO INVESTMENTS INC.
                             (A Development Stage Company)
                                    BALANCE SHEETS
                              December 31, 2005 and 2004
                                (Stated in US Dollars)
                                 --------------------

                                       ASSETS                       2005       2004
                                       ------                    ----------  ---------
<S>                                                              <C>         <C>
Current
  Cash                                                           $  44,307   $111,171
  Share subscriptions receivable                                         -        575
                                                                 ----------  ---------

                                                                    44,307    111,746
Rights and licenses - Notes 3 and 4                                      -          -
                                                                 ----------  ---------

                                                                 $  44,307   $111,746
                                                                 ==========  =========

                                    LIABILITIES
                                    -----------

Current
  Accounts payable and accrued liabilities                       $   5,711   $  4,186
  Due to related parties - Note 5                                        -     14,892
  Current portion of notes payable - Note 6                         17,023     11,148
                                                                 ----------  ---------

                                                                    22,734     30,226
Notes payable - Note 6                                                   -      4,555
                                                                 ----------  ---------

                                                                    22,734     34,781
                                                                 ----------  ---------

                                 STOCKHOLDERS' EQUITY
                                 --------------------

Preferred stock:
  Authorized: 20,000,000 with a par value of $0.0001
  Issued and outstanding: None
Common stock:
  Authorized: 100,000,000 with a par value of $0.0001
  Issued and outstanding: 8,550,000 (2004:  8,537,000) - Note 7        855        854
Additional paid-in capital                                         132,832    137,821
Deficit accumulated during the development stage                  (112,114)   (61,710)
                                                                 ----------  ---------

                                                                    21,573     76,965
                                                                 ----------  ---------

                                                                 $  44,307   $111,746
                                                                 ==========  =========
</TABLE>

Nature and Continuance of Operations - Note 1
Subsequent Event - Note 10

                             SEE ACCOMPANYING NOTES


                                       12
<PAGE>
<TABLE>
<CAPTION>
                             NETCO INVESTMENTS INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                 for the years ended December 31, 2005 and 2004
 and for the period from March 15, 2000 (Date of Inception) to December 31, 2005
                             (Stated in US Dollars)
                              --------------------

                                                                    March 15,
                                                                       2000
                                                                     (Date of
                                                                    Inception)
                                                                        to
                                                                   December 31,
                                           2005         2004           2005
                                        -----------  -----------  --------------
<S>                                     <C>          <C>          <C>
Revenue                                 $        -   $        -   $           -
                                        -----------  -----------  --------------

Expenses
  Consulting fees - Note 4                  13,900            -          13,900
  Filing fees                                6,519        4,651          12,346
  Interest                                   1,320        1,703           3,023
  Legal, organizational and audit fees      14,594       12,305          41,481
  Management fees - Note 4                   7,771            -           7,771
  Office and miscellaneous                   1,820        1,341           4,288
  Rights and licenses costs                     90           74          24,915
  Write-down of Website                      5,000            -           5,000
                                        -----------  -----------  --------------

                                           (51,014)     (20,074)       (112,724)
                                        -----------  -----------  --------------

Loss for the period                        (51,014)     (20,074)       (112,724)

Other comprehensive gain
  Foreign currency adjustment                  610            -             610
                                        -----------  -----------  --------------

Net loss for the period                 $  (50,404)  $  (20,074)  $    (112,114)
                                        ===========  ===========  ==============

Basic Loss per share                    $    (0.01)  $    (0.00)
                                        ===========  ===========

Weighted average shares outstanding      8,549,786    4,511,236
                                        ===========  ===========
</TABLE>

                             SEE ACCOMPANYING NOTES


                                       13
<PAGE>
<TABLE>
<CAPTION>
                                  NETCO INVESTMENTS INC.
                              (A Development Stage Company)
                                 STATEMENTS OF CASH FLOWS
                      for the years ended December 31, 2005 and 2004
     and for the period from March 15, 2000 (Date of Inception) to December 31, 2005
                                  (Stated in US Dollars)
                                   --------------------

                                                                             March 15,
                                                                                2000
                                                                              (Date of
                                                                             Inception)
                                                                                 to
                                                                            December 31,
                                                       2005       2004          2005
                                                     ---------  ---------  --------------
<S>                                                  <C>        <C>        <C>
Cash flow from Operating Activities                  $(51,014)  $(20,074)  $    (112,724)
  Net loss for the period
  Non-cash items:                                           -          -           8,000
    Legal and organizational expenses                       -          -          24,751
    Rights and licenses costs
    Write-down of website                               5,000          -           5,000
  Change in non-cash working capital items:
    Share subscriptions receivable                        575          -             575
    Accounts payable and accrued liabilities            1,525      1,776           5,711
                                                     ---------  ---------  --------------

Net cash used by operating activities                 (43,914)   (21,850)        (68,687)
                                                     ---------  ---------  --------------

Cash flow from Investing Activities
  Rights and licenses                                       -          -              (1)
  Website cost - Note 4                                (5,000)         -          (5,000)
                                                     ---------  ---------  --------------

Net cash used in investing activities                  (5,000)         -          (5,001)
                                                     ---------  ---------  --------------

Cash flow from Financing Activities
  Increase (decrease) in due to related parties       (14,892)    11,968               -
  Increase in notes payable                             1,320     15,703          17,023
  Increase (decrease) in share capital                 (4,988)   105,350         100,362
                                                     ---------  ---------  --------------

Net cash provided by (used in) financing activities   (18,560)   133,021         117,385
                                                     ---------  ---------  --------------

Effect of exchange rates on cash                          610          -             610
                                                     ---------  ---------  --------------

Increase (decrease) in cash during the period         (66,864)   111,171          44,307

Cash, beginning of period                             111,171          -               -
                                                     ---------  ---------  --------------

Cash, end of period                                  $ 44,307   $111,171   $      44,307
                                                     =========  =========  ==============
</TABLE>

                                                                        /Cont'd.

                             SEE ACCOMPANYING NOTES


                                       14
<PAGE>
<TABLE>
<CAPTION>
                                                                             Continued
                                NETCO INVESTMENTS INC.
                             (A Development Stage Company)
                               STATEMENTS OF CASH FLOWS
                    for the years ended December 31, 2005 and 2004
    and for the period from March 15, 2000 (Date of Inception) to December 31, 2005
                                (Stated in US Dollars)
                                 --------------------

                                                                          March 15,
                                                                             2000
                                                                           (Date of
                                                                          Inception)
                                                                              to
                                                                         December 31,
                                                          2005   2004        2005
                                                          -----  -----  --------------
<S>                                                       <C>    <C>    <C>
Non-cash Financing Activities
  A total of 800,000 common shares were issued to a
  company controlled by the sole director at a fair
  market value of $0.01 per share for legal and
  organizational expenses paid                            $   -  $   -  $       8,000

  A total of 3,500,000 common shares were issued at
  fair market value of $0.01 per share for the
  acquisition of a license from a company controlled
  by the sole director - Notes 3 and 4                        -      -         35,000

  Less:  dividend deemed paid - Notes 3 and 4                 -      -        (10,250)

  A total of 23,000 common shares were issued at fair
  market value of $0.025 per share pursuant to an SB-2
  Registration Statement for share subscriptions
  receivable                                                  -    575            575
                                                          -----  -----  --------------

                                                          $   -  $ 575  $      33,325
                                                          =====  =====  ==============
</TABLE>

                             SEE ACCOMPANYING NOTES


                                       15
<PAGE>
<TABLE>
<CAPTION>
                                        NETCO INVESTMENTS INC.
                                     (A Development Stage Company)
                            STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIENCY)
                for the period March 15, 2000 (Date of Inception) to December 31, 2005
                                        (Stated in US Dollars)
                                         --------------------

                                                                              Deficit
                                                                            Accumulated
                                                              Additional     During the
                                         Common Stock          Paid-in      Development
                                      Number      Amount       Capital         Stage         Total
                                    ----------  -----------  ------------  -------------  ------------
<S>                                 <C>         <C>          <C>           <C>            <C>
Balance, March 15, 2000                      -  $         -  $         -   $          -   $         -
Stock issued for legal and
  organizational expenses at a
  fair market value of $0.01 per
  share                                800,000           80        7,920              -         8,000
Stock issued for acquisition of
  a license at a fair market value
  of $0.01 per share                 3,500,000          350       34,650              -        35,000
Dividend deemed paid - Note 4                -            -      (10,250)             -       (10,250)
Net loss for the period                      -            -            -        (32,750)      (32,750)
                                    ----------  -----------  ------------  -------------  ------------

Balance, December 31, 2000           4,300,000          430       32,320        (32,750)            -
Net loss for the year                        -            -            -           (500)         (500)
                                    ----------  -----------  ------------  -------------  ------------

Balance, December 31, 2001           4,300,000          430       32,320        (33,250)         (500)
Net loss for the year                        -            -            -         (1,857)       (1,857)
                                    ----------  -----------  ------------  -------------  ------------

Balance, December 31, 2002           4,300,000          430       32,320        (35,107)       (2,357)
Net loss for the year                        -            -            -         (6,529)       (6,529)
                                    ----------  -----------  ------------  -------------  ------------

Balance, December 31, 2003           4,300,000          430       32,320        (41,636)       (8,886)
Stock issued as a private
  placement at a fair market
  value of $0.025 per share
  - Note 7                           4,237,000          424      105,501              -       105,925
Net loss for the year                        -            -            -        (20,074)      (20,074)
                                    ----------  -----------  ------------  -------------  ------------

Balance, December 31, 2004           8,537,000          854      137,821        (61,710)       76,965
Stock issued as a private
  placement at a fair market
  value of $0.025 per share
  - Note 7                              13,000            1          324              -           325
Share issuance cost - Note 4                 -            -       (5,313)             -        (5,313)
Unrealized gain on translation               -            -            -            610           610
Net loss for the year                        -            -            -        (51,014)      (51,014)
                                    ----------  -----------  ------------  -------------  ------------

Balance, December 31, 2005           8,550,000  $       855  $   132,832   $   (112,114)  $    21,573
                                    ==========  ===========  ============  =============  ============
</TABLE>


                                       16
<PAGE>
                             NETCO INVESTMENTS INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           December 31, 2005 and 2004
                             (Stated in US Dollars)
                             ----------------------


Note  1   Nature  and  Continuance  of  Operations
          ----------------------------------------

          Netco Investments Inc. herein (the "Company") was incorporated in the
          State of Washington, in the United States of America on March 15,
          2000. The Company is in the development stage and intends on selling
          and marketing via the internet and commissioned sales agents,
          high-quality vitamins and homeopathic supplements, pre-packaged vacuum
          packed frozen foods in meal sized portions for consumption by
          domesticated household animals, i.e.; dogs and cats ("Pets") under the
          'VitaBeast Foods' label.

          These financial statements have been prepared in accordance with
          generally accepted accounting principles applicable to a going
          concern, which assumes that the Company will be able to meet its
          obligations and continue its operations for its next fiscal year.
          Realization values may be substantially different from carrying values
          as shown and these financial statements do not give effect to
          adjustments that would be necessary to the carrying values and
          classification of assets and liabilities should the Company be unable
          to continue as a going concern. At December 31, 2005, the Company had
          not yet achieved profitable operations, has accumulated losses of
          $112,114 since its inception and expects to incur further losses in
          the development of its business, all of which casts substantial doubt
          about the Company's ability to continue as a going concern. The
          Company's ability to continue as a going concern is dependent upon its
          ability to generate future profitable operations and/or to obtain the
          necessary financing to meet its obligations and repay its liabilities
          arising from normal business operations when they come due. Management
          has no formal plan in place to address this concern but considers that
          the Company will be able to obtain additional funds by equity
          financing and/or related party advances, however there is no assurance
          of additional funding being available.

Note  2   Summary  of  Significant  Accounting  Policies
          ----------------------------------------------

          The financial statements of the Company have been prepared in
          accordance with accounting principles generally accepted in the United
          States of America. Because a precise determination of many assets and
          liabilities is dependent upon future events, the preparation of
          financial statements for a period necessarily involves the use of
          estimates which have been made using careful judgement. Actual results
          may vary from these estimates.

          The financial statements have, in management's opinion, been properly
          prepared within the framework of the significant accounting policies
          summarized below:


                                       17
<PAGE>
NETCO INVESTMENTS INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
December 31, 2005 and 2004
(Stated in US Dollars)
----------------------


Note  2   Summary  of  Significant  Accounting  Policies  -  (cont'd)
          ----------------------------------------------

          Development Stage
          -----------------

          The  Company is a development stage company as defined in Statement of
          Financial  Accounting  Standards  ("SFAS")  No.  7  as  it is devoting
          substantially  all  of  its  efforts  to  establish a new business and
          planned  principal  operations  have  not  commenced.

          Rights and Licenses
          -------------------

          The cost to acquire rights and licenses are capitalized. The carrying
          value of the rights and licenses are evaluated in each reporting
          period to determine if there were events or circumstances which would
          indicate a possible inability to recover the carrying amount. Such
          evaluation is based on various analyses including assessing the
          Company's ability to bring the commercial applications to market,
          related profitability projections and undiscounted cash flows relating
          to each application which necessarily involves significant management
          judgment. Where an impairment loss has been determined, the carrying
          amount is written-down to fair market value. Fair market value is
          determined as the amount at which the rights and licenses could be
          sold in a current transaction between willing parties.

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

          The Company uses the asset and liability method of accounting for
          income taxes pursuant to SFAS No. 109 "Accounting for Income Taxes".
          Under the assets and liability method of SFAS No. 109, deferred tax
          assets and liabilities are recognized for the future tax consequences
          attributable to temporary differences between the financial statements
          carrying amounts of existing assets and liabilities and their
          respective tax bases. Deferred tax assets and liabilities are measured
          using enacted tax rates expected to apply to taxable income in the
          years in which those temporary differences are expected to be
          recovered or settled.

          Basic  Loss  Per  Share
          -----------------------

          The Company reports basic loss per share in accordance with the SFAS
          No. 128, "Earnings Per Share". Basic loss per share is computed using
          the weighted average number of shares outstanding during the period.

          Revenue  Recognition
          --------------------

          The Company may earn revenue from the sale of product via the
          company's web site and commissioned sales people. The revenue will be
          recognized in the period the sales have occurred. This policy is
          prospective in nature, as the Company has not yet generated any
          revenue.


                                       18
<PAGE>
NETCO INVESTMENTS INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
December 31, 2005 and 2004
(Stated in US Dollars)
----------------------

Note  2   Summary  of  Significant  Accounting  Policies  -  (cont'd)
          ----------------------------------------------

          Foreign  Currency  Translation
          ------------------------------

          The Company's functional currency is in Canadian dollars as
          substantially all of the Company's operations are in Canada. The
          Company used the United States dollar as its reporting currency for
          consistency with registrants of the Securities and Exchange Commission
          ("SEC") and in accordance with the FAS No. 52 "Foreign Currency
          Translation".

          Assets and liabilities denominated in a foreign currency are
          translated at the exchange rate in effect at the period-end and
          capital accounts are translated at historical rates. Income statement
          accounts are translated at the average rates of exchange prevailing
          during the period. Translation adjustments from the use of difference
          exchange rates from period to period are included in the Comprehensive
          Income account in Stockholder's Equity, if applicable.

          Transactions undertaken in currencies other than the functional
          currency of the entity are translated using the exchange rate in
          effect as of the transaction date. Any exchange gains and losses are
          included in the Statement of Operations.

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

          SAFS No. 130 "Reporting Comprehensive Income", was adopted during the
          year ended December 31, 2004. The standard establishes guidelines for
          the reporting and display of comprehensive income and its components
          in financial statements. Comprehensive income includes foreign
          currency translation adjustments.

          Financial  Instruments
          ----------------------

          The carrying value of the Company's financial instruments, consisting
          of cash, share subscriptions receivable, accounts payable and accrued
          liabilities and due to related parties approximates their fair value
          due to the short maturity of such instruments. The carrying value of
          notes payable also approximates fair value. Unless otherwise noted, it
          is management's opinion that the Company is not exposed to significant
          interest, currency or credit risks arising from these financial
          instruments.

          Website  Costs
          --------------

          The Company recognizes the costs incurred in the development of the
          Company's website in accordance with EITF 00-2 "Accounting for Website
          Development Costs" and, with the provisions of AICPA Statement of
          Position No. 98-1, "Accounting for the Costs of Computer Software
          Developed or Obtained for Internal Use". Accordingly, direct costs
          incurred during the application stage of development are capitalized
          and amortized over the estimated useful life. Fees incurred for web
          site hosting are expensed over the period of the benefit. Costs of
          operating a web site are expensed as incurred.


                                       19
<PAGE>
NETCO INVESTMENTS INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
December 31, 2005 and 2004
(Stated in US Dollars)
----------------------

Note  2   Summary  of  Significant  Accounting  Policies  -  (cont'd)
          ----------------------------------------------
          Impairment  of  Long-lived  Assets
          ----------------------------------

          The Company reports the impairment of long-lived assets and certain
          intangibles in accordance with Statement of Financial Accounting
          Standards ("FAS") No. 144, "Accounting for the Impairment or Disposal
          of Long-lived Assets". Certain long-lived assets and identifiable
          intangibles held by the Company are reviewed for impairment whenever
          events or changes in circumstances indicate the carrying amount of an
          asset may not be recoverable. Accordingly, the impairment loss is
          recognized in the period it is determined.

          New  Accounting  Standards
          --------------------------

          Management does not believe that any recently issued, but not yet
          effective, accounting standards if currently adopted could have a
          material affect on the accompanying financial statements.

Note  3   Rights  and  Licenses  -  Note  4
          ---------------------

          On March 15, 2000, the Company acquired a license from
          Vitamineralherb.com Corp. (the "Grantor") to market vitamins,
          minerals, nutritional supplements and other health and fitness
          products through the Grantor's Web Site in Massachusetts, USA. The
          license had an initial term of three years and was to be automatically
          renewed unless the Company or the Grantor gives the other notice not
          to renew.

          As consideration for acquiring the License, the Company issued
          3,500,000 common shares to a related party with a fair market value of
          $0.01 per share for a total consideration of $35,000.

          During the period ended December 31, 2000, the License was written-off
          to operations due to the lack of historical cash flow and a lack of a
          market to resell the License. During the year ended December 31, 2003,
          management of the Company abandoned the license. On June 1, 2003, the
          Company acquired the right, title and interest in and to the URL,
          www.vitabeast.com, from the director of the Company for $1.


                                       20
<PAGE>
NETCO  INVESTMENTS  INC.
(A  Development  Stage  Company)
NOTES  TO  THE  FINANCIAL  STATEMENTS
December  31,  2005  and  2004
(Stated  in  US  Dollars)
 -----------------------

Note  4   Related  Party  Transactions  -  Notes  3,  5  and  7
          ----------------------------

          During the year ended December 31, 2005, the Company incurred the
          following expenses charged by a director of the Company, a son of a
          director of the Company, a company of which an officer and director is
          the spouse of the Company's president and with companies with
          directors in common:

<TABLE>
<CAPTION>
                                                             March 15, 2000
                                                                (Date of
                                                              Inception) to
                                                              December 31,
                                   2005           2004            2005
                               -------------  -------------  ---------------
<S>                            <C>            <C>            <C>
          Consulting fees      $      13,900  $           -  $        13,900
          Management fees              7,771              -            7,771
          Share issuance cost          5,313              -            5,313
          Website cost                 5,000              -            5,000
                               -------------  -------------  ---------------

                               $      31,984  $           -  $        31,984
                               =============  =============  ===============
</TABLE>

          These transactions were measured by the exchange amount, which is the
          amount agreed upon by the transacting parties.

          The License (Note 3) was assigned to the Company by another company
          controlled by the sole director and President of the Company for
          consideration of 3,500,000 common shares with a fair market value of
          $35,000. The estimated cost based on comparable transactions, of the
          license to a company controlled by the President of the Company is
          $24,750. The estimate is based on an allocation of the cash outlay of
          $33,000 for common stock of Texmont, Inc., by virtue of which the
          company controlled by the President of the Company obtained the
          license as well as continued ownership of Texmont, Inc. The excess of
          fair market value over predecessor cost, being $10,250, is treated as
          a dividend which increased the deficit. The Grantor of the License to
          Texmont, Inc. is not related to the Company.

Note  5   Due  to  Related  Parties
          -------------------------

          The amounts due to related parties are due to a director of the
          Company and a company with a director in common. These amounts are
          unsecured, non-interest bearing and have no specific terms for
          repayment.


                                       21
<PAGE>
NETCO INVESTMENTS INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
December 31, 2005 and 2004
(Stated in US Dollars)
----------------------

Note  6   Notes  Payable
          --------------

<TABLE>
<CAPTION>

                                                              2005      2004
                                                             -------  ---------
<S>                                                          <C>      <C>
          Unsecured promissory note bearing interest at 8%
            per annum; repayable August 4, 2006              $ 4,000  $  4,000
              Loan fee                                           400       400
              Accrued interest                                   475       155
                                                             -------  ---------

                                                               4,875     4,555
                                                             -------  ---------

          Unsecured promissory note bearing interest at 10%
            per annum; repayable October 24, 2006              5,000     5,000
              Loan fee                                           500       500
              Accrued interest                                   636       136
                                                             -------  ---------

                                                               6,136     5,636
                                                             -------  ---------

          Unsecured promissory note bearing interest at 10%
            per annum; repayable October 23, 2006              5,000     5,000
              Loan fee                                           500       500
              Accrued interest                                   512        12
                                                             -------  ---------

                                                               6,012     5,512
                                                             -------  ---------

                                                              17,023    15,703
          Less: current portion                                    -   (11,148)
                                                             -------  ---------

                                                             $17,023  $  4,555
                                                             =======  =========
</TABLE>

Note  7   Capital  Stock
          --------------

          The Company raised $325 (2004: $105,925) by issuing 13,000 (2004:
          4,237,000) common shares at $0.025 per share during the years ended
          December 31, 2005 and 2004, respectively, pursuant to an SB-2
          Registration statement registered with the Securities and Exchange
          Commission to offer a total of 4,250,000 common shares. A director of
          the Company received 5% of the funds raised from the sale of common
          shares which was charged to additional paid-in capital.


                                       22
<PAGE>
NETCO INVESTMENTS INC.
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
December 31, 2005 and 2004
(Stated in US Dollars)
----------------------

Note  8   Deferred  Tax  Assets
          ---------------------

          The significant components of the Company's future income tax assets
          are as follows:

<TABLE>
<CAPTION>
                                                          2005       2004
                                                        ---------  ---------
<S>                                                     <C>        <C>
          Deferred Tax Assets
            Non-capital losses carryforward             $ 17,843   $ 10,428
            Valuation allowance for deferred tax asset   (17,843)   (10,428)
                                                        ---------  ---------

                                                        $      -   $      -
                                                        =========  =========
</TABLE>

          The amount taken into income as deferred tax assets must reflect that
          portion of the income tax loss carryforwards that is more
          likely-than-not to be realized from future operations. The Company has
          chosen to provide an allowance of 100% against all available income
          tax loss carryforwards, regardless of their time of expiry.

Note  9   Income  Taxes
          -------------

          No provision for income taxes has been provided in these financial
          statements due to the net loss. At December 31, 2005, the Company has
          net operating loss carryforwards, which expire commencing in 2020
          totalling approximately $87,038. The potential tax benefit of these
          losses, if any, has not been recorded in the financial statements.

Note  10  Subsequent  Event
          -----------------

          Subsequent to December 31, 2005, the Company advanced $5,278 for sales
          and investor relation services.

Note  11  Comparative  Figures
          --------------------

          Certain of the comparative figures have been reclassified to conform
          with the current year's presentation.


                                       23
<PAGE>
ITEM  8.  CHANGES  IN  AND  DISAGREEMENTS  WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL  DISCLOSURE

On September 18, 2003 we advised our principal independent accountant, Manning
Elliott Chartered Accountants that they were dismissed as NetCo's auditors. We
hired the accounting firm Amisano Hanson Chartered Accountants as their
replacement.

Our decision to change accountants was recommended and approved by the Board of
Directors in a resolution dated December 23, 2002. This decision had nothing to
do with the performance of the former accountants services. Manning Elliot's
report in the 2000 and 2001 financial statements did not contain any adverse
opinion or disclaimer of opinion, nor were the statements modified as to
uncertainty, audit scope, or accounting principles.

We did not have any disagreements with Manning Elliott, either resolved or
unresolved from our inception in March 15, 2000 through to the last audited
financial statements in December 31, 2001 nor during the interim period from
January 1, 2002 to July 15, 2004. The Company and Manning Elliott did not
disagree on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved to
Manning Elliott's satisfaction, would have caused them to make reference to the
subject matter of the disagreement(s) in connection with their report.

We have given Manning Elliott authorization to fully respond to the inquiries of
our new accountants, Amisano Hanson, concerning the previous financial
statements audited by Manning Elliott. There were no limitations placed upon
Manning Elliott, whatsoever.

The fiscal years ending December 31, 2005, 2004, 2003 and 2002 have been audited
by Amisano Hanson. The fiscal year ending December 31, 2001 has been audited by
Manning Elliott.

ITEM  8A.   CONTROLS  AND  PROCEDURES

We maintain disclosure controls and procedures that are designed to ensure that
information that is required to be disclosed in the Securities Exchange Act of
1934 reports are recorded, processed, summarized and reported within the time
periods specified in the SEC's rules and forms, and that such information is
accumulated and communicated to our management to allow timely decisions
regarding required disclosure.

Within 90 days prior to the date of this report, our management carried out an
evaluation, under the supervision and with the participation of the management
on the effectiveness of the design and operation of our disclosure controls and
procedures pursuant to Exchange Act Rule 13a-14. Based upon the foregoing, our
President concluded that our disclosure controls and procedures are effective in
connection with the filing of this Annual Report on Form 10-KSB for the year
ended December 31, 2005.

There were no significant changes in our internal controls or in other factors
that could significantly affect these controls subsequent to the date of their
evaluation, including any significant deficiencies or material weaknesses of
internal controls that would require corrective action.

ITEM  8B.   OTHER  INFORMATION

There is no information required to be disclosed in a report on Form 8-K, during
the fourth quarter of the year covered by this Form 10-KSB, which has not
already been reported.


                                       24
<PAGE>
ITEM  9.   DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND  CONTROL  PERSONS;
           COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT

IDENTIFICATION  OF  DIRECTORS  AND  OFFICERS

<TABLE>
<CAPTION>
------------------------------------------------------------------
      NAME         AGE                    TITLE
------------------------------------------------------------------
<S>                <C>  <C>
Michael Jackson 1   65  President, Secretary, Treasurer, Directors
                        and Chief Executive Officer
------------------------------------------------------------------
Michael Raftery2    66  Chief Financial Officer and Director
------------------------------------------------------------------
</TABLE>

     1    Mr. Jackson was elected as officer and director in March 2000.
     2    Mr. Raftery was elected as officer and director in June 2005.

BACKGROUND OF OFFICERS AND DIRECTORS

Mr. Jackson has been a real estate land developer and investment banker since
1978. Mr. Jackson is currently president of Hillcon Developments Ltd., a
position he has held since 1995. Mr. Jackson's duties with Hillcon Developments
include locating properties, preparing pro forma statements, raising capital,
marketing, and dealing with Canadian governmental agencies, architects, and
engineers. In his capacity as president for Hillcon Developments, he has been
responsible for raising $50 million for 22 projects with a market value in
excess of $150 million. He also acts as corporate counsel for Hillcon, and
prepares all legal documents and negotiates all contracts.

From July 1999 to September 2001, Mr. Jackson was the chief executive officer
and director of Poker.com Inc., a company that traded on the OTCBB under the
symbol "PKER". The company subsequently changed their name to "LegalPlay
Entertainment Inc." and now trades on the OTC BB under the symbol LPLE.

Mr. Jackson has served as president of Ryerson Corporation A.V.V., a position he
has held since January 2000. Ryerson is an investment company and Mr. Jackson's
duties include overseeing investment strategies.

Mr. Jackson also currently serves as president of Uninet Technologies Inc., an
Internet software developer. He has held that position since January 1999.

From June 1985 to November 1987, Mr. Jackson worked with Geneva Capital
Corporation, where his functions included taking companies public on the TSX
Venture Exchange, the Toronto Stock Exchange, and NASDAQ. He acted as counsel
for the company and prepared all offering memoranda, and other legal documents.
He also raised capital for the company and negotiated all contracts.

Mr. Jackson served as a director of Waterloo Resources Inc. from August 1985 to
December 1987, Lucky Mines Inc. from August 1985 to December 1987, and Burcon
Developments Inc. from December 1987 to August 1988. Waterloo, Lucky Mines and
Burcon were all public companies listed on the Vancouver Stock Exchange.

Mr. Jackson practiced law from 1966 through 1977.

Mr. Raftery has been the president of Hamilton Investments Ltd. since 1984. Over
the past 35 years, Mr. Raftery has been director and officer of over 34
public-listed companies, carrying out duties of CEO and CFO. Most of the
companies are in mining or mineral exploration.

Mr. Raftery is an experienced chartered accountant, he obtained his professional
designation in England & Wales since 1966 and British Columbia since 1969.

FAMILY RELATIONSHIPS

THERE ARE NO FAMILY RELATIONSHIPS AMONGST OUR DIRECTORS OR EXECUTIVE OFFICERS.


                                       25
<PAGE>
SIGNIFICANT  EMPLOYEES

We do not have any significant employees, other than Michael Jackson, our CEO
and director, and Michael Raftery, our CFO.

INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

To the best of the registrant's knowledge, during the past five years, no
director, executive officer, promoter or control person:

     (1)  has filed a petition under the federal bankruptcy laws or any state
          insolvency law, nor had a receiver, fiscal agent or similar officer
          appointed by a court for the business or present of such a person, or
          any partnership in which he was a general partner at or within two
          years before the time of such filing, or any corporation or business
          association of which he was an executive officer within two years
          before the time of such filing;

     (2)  were convicted in a criminal proceeding or named subject to a pending
          criminal proceeding (excluding traffic violations and other minor
          offenses);

     (3)  were the subject to any order, judgment or decree, not subsequently
          reversed, suspended or vacated, of any court of competent
          jurisdiction, permanently or temporarily enjoining, barring,
          suspending or otherwise limiting his involvement in any type of the
          following activities:

          (i)  acting as a futures commission merchant, introducing broker,
               commodity trading advisor, commodity pool operator, floor broker,
               leverage transaction merchant, associated person of any of the
               foregoing, or as an investment advisor, underwriter, broker or
               dealer in securities, or as an affiliated person, director of any
               investment company, or engaging in or continuing any conduct or
               practice in connection with such activity;

          (ii) engaging in any type of business practice;

          (iii) engaging in any activity in connection with the purchase or sale
               of any security or commodity or in connection with any violation
               of federal or state securities laws or federal commodity laws.

     (4)  were the subject of any order, judgment or decree, not subsequently
          reversed, suspended or vacated, of any federal or state authority
          barring, suspending or otherwise limiting for more than 60 days the
          right of such person to engage in any activity described above under
          this Item, or to be associated with persons engaged in any such
          activity;

     (5)  were found by a court of competent jurisdiction in a civil action or
          by the Securities and Exchange Commission to have violated any federal
          or state securities law and the judgment in such civil finding or find
          by the Securities and Exchange Commission has not been subsequently
          reversed, suspended or vacated;

     (6)  were found by a court of competent jurisdiction in a civil action or
          by the Commodity Futures Trading Commission to have violated any
          federal commodities law, and the judgment in such civil action or
          finding by the Commodity Futures Trading Commission has not been
          subsequently reversed, suspended or vacated.

COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

To the best of our knowledge all directors, officers and persons who
beneficially owned more than ten percent of our common stock filed timely
reports in compliance with Section 16(a).


                                       26
<PAGE>
ITEM  10.   EXECUTIVE  COMPENSATION

OFFICERS AND DIRECTORS

The total directors' fee paid during the year ended December 31, 2005 is
$13,618.

INCENTIVE STOCK OPTIONS

The following table sets forth information with respect to compensation paid by
us to the President and the other highest paid executive officers (the "Named
Executive Officer") during the three most recent fiscal years.

<TABLE>
<CAPTION>
                                       SUMMARY COMPENSATION TABLE

-------------------------------------------------------------------------------------------------------
                                                                  Long Term Compensation
                                                                 -------------------------
                            Annual Compensation                    Awards          Payouts
------------------------------------------------------------------------------------------
        (a)           (b)     (c)     (d)       (e)          (f)          (g)        (h)        (i)
-------------------------------------------------------------------------------------------------------
<S>                  <C>    <C>      <C>     <C>         <C>          <C>          <C>       <C>
Name and             Year   Salary   Bonus      Other     Restricted  Securities     LTIP     All Other
Principal Position           ($)      ($)      Annual       Stock     Underlying     Pay       Compen-
                                               Compen-      Awards     Options/    outs ($)  sation ($)
                                             sation ($)                SARS (#)
-------------------------------------------------------------------------------------------------------
Michael Jackson(1)
                      2003        -       -           -            -            -         -           -
                      2004        -       -           -            -            -         -           -
                      2005        -       -       7,440            -            -         -       1,239
-------------------------------------------------------------------------------------------------------
Michael Raftery(2)
                      2003        -       -           -            -            -         -           -
                      2004        -       -           -            -            -         -           -
                      2005        -       -       6,178            -            -         -           -
-------------------------------------------------------------------------------------------------------
</TABLE>

          1    Mr. Jackson was elected as officer and director in March 2000.
          2    Mr. Raftery was elected as officer and director in June 2005.

OPTIONS/SAR GRANTS

We did not issue any options or SARs during the year ended December 31, 2005.

LONG-TERM INCENTIVE PLAN AWARDS

We do not have any long-term incentive plans that provide compensation intended
to serve as incentive for performance to occur over a period longer than one
fiscal year, whether such performance is measured by reference to our financial
performance, stock price or any other measure.

COMPENSATION OF DIRECTORS

There are no standard arrangements pursuant to which our directors are
compensated for services provided as director. No additional amounts are payable
to our directors for committee participation or special assignments.

REPORT ON REPRICING OF OPTIONS/SAR

We did not reprice any options or SARs during the year ended December 31, 2005.


                                       27
<PAGE>
ITEM  11.   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
            RELATED  STOCKHOLDER  MATTERS

The following table sets forth, as of December 31, 2005, the number of Common
Stock and the corresponding percentage ownership of (i) each person who held of
record, or was known by us to own beneficially, more than five percent of our
Common Stock, (ii) each director and executive officer of NetCo, and (iii) all
directors and executive officers of us as a group. The computation is based upon
8,550,000 shares of common stock being outstanding.

Unless otherwise indicated, we believe the following persons have sole voting
and investment power with respect to the number of shares set forth opposite
their names.

<TABLE>
<CAPTION>
NAME AND ADDRESS                            NUMBER OF SHARES BENEFICIALLY  PERCENTAGE OF
                                                        OWNED                  CLASS
-----------------------------------------------------------------------------------------
<S>                                         <C>                            <C>
Ryerson Corporation A.V.V. (1)
c/o 7 Abraham de Veerstraat,
P.O. Box 840, Curacao                                           4,300,000          50.29%
Netherlands Antilles
-----------------------------------------------------------------------------------------

Michael Jackson                                                 4,300,000          50.29%
-----------------------------------------------------------------------------------------

Michael Raftery(2)                                                      0              0
-----------------------------------------------------------------------------------------
ALL EXECUTIVE OFFICERS AND DIRECTORS AS A
GROUP                                                           4,300,000          50.29%
-----------------------------------------------------------------------------------------
</TABLE>

          (1)  Michael Jackson is the controlling shareholder of Ryerson
               Corporation. Mr. Jackson is officer and director of NetCo. He is
               the President, CEO, Secretary, Treasurer and Chair of the Board
               of NetCo.
          (2)  Michael Raftery was elected as officer and director of NetCo in
               June 2005. He is the CFO of NetCo.

ITEM  12.   CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS


We pay a monthly administrative fee of $83to Pelican Financial Corporation, of
which Mr. Jackson is a director and beneficial owner.

We pay a sales commission of $7,722 in the year of 2005 to Mr. Joshua Jackson,
the son of Mr. Jackson. Our policy regarding related transactions requires that
any director or officer who has an interest in any transaction to be approved by
our Board of Directors disclose the presence and the nature of the interest to
the Board of Directors prior to any approval of the transaction by the Board of
Directors. The transaction may then be approved by a majority of the
disinterested directors, provided that an interested director may be counted in
determining the presence of a quorum at the meeting of the Board of Directors to
approve the transaction. Our policy regarding compensation for directors and
officers is that the Board of Directors may, without regard to personal
interest, establish the compensation of directors for services in any capacity.


ITEM  13.   EXHIBITS  AND  REPORTS  ON  FORM  8-K

     2.1*     Form  8-K  -  Promissory  Note
     31.1     302  Certification  for  the  Chief  Executive  Officer
     31.2     302  Certification  for  the  Chief  Financial  Officer
     32.1     906  Certification  for  the  Chief  Executive  Officer
     32.2     906  Certification  for  the  Chief  Financial  Officer

*  previously  filed


                                       28
<PAGE>
ITEM  14.   PRINCIPAL  ACCOUNTANT  FEES  AND  SERVICES

1.   AUDIT  FEES
     The aggregate fees billed for each of the last two fiscal years for
     professional services rendered by the principal accountant, Amisano Hanson
     Chartered Accountants, for the audit of our annual financial statements and
     review of financial statements included in our Form 10-QSB and 10-KSB are
     as follows:

                                  2005     $12,578.00
                                  2004      $8,255.00

2.   AUDIT-RELATED  FEES
     There were no additional aggregate fees billed in each of the last two
     fiscal years for assurance and related services by the principal
     accountant, Amisano Hanson Chartered Accountants, that are reasonably
     related to the performance of the audit or review of our financial
     statements and are not reported under Item 9(e)(1) of Schedule 14A.

3.   TAX  FEES
     There were no additional aggregate fees billed in each of the last two
     fiscal years for professional services rendered by the principal
     accountant, Amisano Hanson Chartered Accountants, for tax compliance, tax
     advice and tax planning.

4.   ALL  OTHER  FEES
     There were no additional aggregate fees billed in each of the last two
     fiscal years for products and services provided by Amisano Hanson, other
     than the services reported in Item 9(e)(1) through 9(e)(3) of Schedule 14A.


SIGNATURES

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


NETCO INVESTMENTS INC.
(Registrant)


/s/  Michael  Jackson                     Date:  March  31,  2006
-----------------------------
Michael  Jackson
Director,  President,  CEO,
Secretary,  Treasurer
-----------------------------
-----------------------------
-----------------------------


/s/  Michael  Raftery                     Date:  March  31,  2006
Michael  Raftery
Director  and  CFO


In accordance with the Securities Exchange Act this report has been signed below
by the following person(s) on behalf of the registrant and in the capacities and
on the dates indicated.


/s/  Michael  Jackson                     Date:  March  31,  2006
Michael  Jackson
Director,  President,  CEO,
Secretary,  Treasurer
-----------------------------


/s/  Michael  Raftery                     Date:  March  31,  2006
-----------------------------
Michael  Raftery
Director  and  CFO


                                       29