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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, 2003

[_]  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       (Commission File        (IRS Employer
of incorporation or organization)         Number)          Identification No.)


    Suite 212, 1166 Alberni Street                        V6E 3Z3
  Vancouver, British Columbia, Canada
----------------------------------------      ----------------------------------
(Address of principal executive offices)                 (Zip Code)


     Issuer's telephone number                         (604) 681-1064
       (including area code)
                                      -----


----------------------------------------      ----------------------------------
 (Former name, former address and                        (Zip Code)
former fiscal year, if changed since
           last report)


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

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


<PAGE>
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.  [_]

Revenues for the year ended December 31, 2003 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%
of greater stockholders) of the issuer as of July 15, 2004 was $0.00.


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:

July 15, 2004 - 4,300,000 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>
                             NETCO INVESTMENTS INC.

                                   FORM 10-KSB
                                TABLE OF CONTENTS


Item 1.     DESCRIPTION OF BUSINESS . . . . . . . . . . . . . . . . . . . . . .1

Item 2.     DESCRIPTION OF PROPERTY . . . . . . . . . . . . . . . . . . . . . .4

Item 3.     LEGAL PROCEEDINGS . . . . . . . . . . . . . . . . . . . . . . . . .4

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

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

Item 6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION . . . . .5

Item 7.     FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . 8

Item 8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
            FINANCIAL DISCLOSURE . . . . . . . . . . . . . . . . . . . . . . .19

Item 8a.    CONTROLS AND PROCEDURES . . . . . . . . . . . . . . . . . . . . . 19

Item 9.     DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
            COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT . . . . . . . . 19

Item 10.    EXECUTIVE COMPENSATION . . . . . . . . . . . . . . . . . . . . . .21

Item 11.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT . .22

Item 12.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS . . . . . . . . . .23

Item 13.    INDEX TO EXHIBITS . . . . . . . . . . . . . . . . . . . . . . . . 23

Item 14.    PRINCIPAL ACCOUNTANT FEES AND SERVICES . . . . . . . . . . . . . .23


<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 (the
"Company"), 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 Investments Inc. 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 Investments Inc. ("Netco") is a development stage company and to date has
not engaged in any commercial operations and has not 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.


                                      -1-
<PAGE>
NetCo proposes to do business as VitaBeast Foods and we will market these
products under the VitaBeast Foods label. We will be applying to trademark the
name VitaBeast Foods.

We will initially market 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 will 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 pick VitaBeast on their first page as the best 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.

ACQUISITION  OF  THE  LICENSE

On  March  15,  2000, our sole shareholder, Ryerson Corporation AVV ("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 intend to 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 where 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 will initially start 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. We will purchase VitaBeast products from both Amore Foods Ltd
and from Adored Beast Veterinary Clinic.

VitaBeast  has  not yet begun marketing. VitaBeast's www.VitaBeast.com, has been
fully  functional  since  June  15 2004 and will be ready to receive and process
orders  from  customers as soon as funding has been completed. VitaBeast has not
yet  had  any  sales  activity  and  has  received  no  revenues.


                                      -2-
<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
     b)   high quality fresh frozen raw foods in meal sized portions, high
          quality low cost Vitamins and Homeopathic supplements for sole use of
          Pets:
-    Licensees plans to hire salespeople on a commission basis to sell product
     direct 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


                                      -3-
<PAGE>
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:

-    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  Investments  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 Investments 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 212, 1166 Alberni
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.


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 2003.


                                      -4-
<PAGE>
                                     PART 11

ITEM 5.     MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

MARKET INFORMATION

No public market currently exists for the shares of NetCo Investment's common
stock. 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.  We
have not yet sold stock, as approved under the SB-2 Registration Statement, and
have until October 9, 2004, with the option to extend for a further 90 days at
our discretion, to do so.

There is currently no "established trading market" for shares of our common
stock.  No assurance can be given that any "established trading market" for the
common stock will develop or be maintained.

HOLDERS

As of December 31, 2003 we had ONE (1) shareholder 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 its 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 31st 2003, without registration under the
Securities Act of 1933, as amended.

----------------------------------------------------------
NAME    DATE ACQUIRED    NUMBER OF SHARES      AGGREGATE
                                             CONSIDERATION
-----  ---------------  ------------------  --------------
NIL
----------------------------------------------------------

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 consolidated financial statements and notes thereto appearing elsewhere
in this annual report on Form 10-KSB.

OVERVIEW

The audited consolidated financial statements at December 31, 2003 have been
prepared assuming we will continue as a going concern.  Since inception, we have
suffered recurring losses, net cash outflows from operations and, at December 31
2003, had a working capital deficiency of $8,886.  We expect to continue to
incur substantial losses in our efforts to establish a new business.  Since
inception, we have funded operations through common stock issuances and related
party loans in order to meet our strategic objectives.  We believe that
sufficient funding will be available to continue operations from the sale of
shares approved under the SB-2 Registration Statement.  However, there can be no
assurance that we will be able to obtain sufficient funds to continue with our
efforts to establish a new business.  As a result of the foregoing, there exists
substantial doubt about our ability to continue as a going concern.  The audited
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.


                                      -5-
<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 2003, 2002 and 2001 are not
indicative of our current business plan and operations. During the years ended
December 31 2003, 2002 and 2001, we had no revenue and were in the development
stages.

We do not currently generate any revenue from operations and do not expect to
report any revenue from operations until after the marketing of our website and
initial sale of product. 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.

RESULTS OF OPERATIONS

TWELVE MONTHS ENDED DECEMBER 31, 2003 AND TWELVE MONTHS ENDED DECEMBER 31, 2002

Revenue:  We had no revenue for the twelve months ended December 31, 2003 nor
for the twelve months ended December 31, 2002.

General and Administrative Operating Expenses:  Our operating expenses were
$6,529 for the period ending December 31st 2003, compared to $1,857 in fiscal
2002, an increase of $4,672.  These expenses were mainly attributed to legal,
organizational and audit fees of $5,909 in fiscal 2003 as compared to $673 in
fiscal 2002.

LIQUIDITY AND CAPITAL RESOURCES

Our cash position has been nil for the periods ending December 31 2003 and
December 31 2002.

The working capital deficit at December 31 2003 is $8,886 as compared to $6,529
at December 31 2002.

Our primary source of funds since incorporation has been through the issue of
our common stock and loans to us by the 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 consolidated 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.


                                      -6-
<PAGE>
The  continuation  of  our  business  is dependent upon the continuing financial
support  of  creditors  and  stockholders and obtaining long-term financing, the
completion  of product development and achieving profitability. These conditions
raise  substantial  doubt  about our ability to continue as a going concern. The
financial  statements  do not include any adjustments that might arise from this
uncertainty.


                                      -7-
<PAGE>
ITEM 7.     FINANCIAL STATEMENTS



                             NETCO INVESTMENTS INC.

                          (A Development Stage Company)

                         REPORT AND FINANCIAL STATEMENTS

                           December 31, 2003 and 2002

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


                                      -8-
<PAGE>
Terry Amisano Ltd.                                                Amisano Hanson
Kevin Hanson, CA, CPA (Nevada)                        Chartered  Accountants and
                                                   Certified  Public  Accountant



                          INDEPENDENT AUDITORS' REPORT

To the Stockholders,
Netco Investments Inc.

We have audited the accompanying balance sheets of Netco Investments Inc. (A
Development Stage Company) as of December 31, 2003 and 2002 and the related
statements of operations, stockholders' deficiency and cash flows for each of
the years then ended and for the period March 15, 2000 (Date of Incorporation)
to December 31, 2003.  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.  The financial statements of Netco
Investments Inc. for the year ended December 31, 2001 was audited by other
auditors whose report dated August 20, 2002 expressed an unqualified opinion on
these financial statements.

We conducted our audits in accordance with auditing standards generally accepted
in the 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, 2003 and 2002 and the results of its operations and its cash flows
for each of the years then ended and for the period March 15, 2000 (Date of
Incorporation) to December 31, 2003, 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"
January 26, 2004                                      Chartered  Accountants and
                                          Certified  Public  Accountant (Nevada)



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


                                      -9-
<PAGE>
<TABLE>
<CAPTION>
                                   NETCO INVESTMENTS INC.
                                (A Development Stage Company)
                                       BALANCE SHEETS
                                 December 31, 2003 and 2002
                                   (Stated in US Dollars)
                                    --------------------

ASSETS                                                                 2003         2002
------                                                                 ----         ----
<S>                                                                 <C>          <C>
Current
  Rights and licenses - Notes 3 and 4                               $        -   $        -
                                                                    ===========  ===========
LIABILITIES
Current
  Accounts payable and accrued liabilities                          $    5,962   $      500
  Due to related parties - Note 5                                        2,924        1,857
                                                                    -----------  -----------
                                                                         8,886        2,357
                                                                    -----------  -----------
STOCKHOLDERS' DEFICIENCY
Preferred stock, 20,000,000 preferred shares authorized with
 a par value of $0.0001;  none issued
Common stock, 100,000,000 common shares
 authorized with a par value of $0.0001
 4,300,000 common shares issued and outstanding (2002:  4,300,000)         430          430
Additional paid-in capital                                              32,320       32,320
Deficit accumulated during the development stage                     (  41,636)   (  35,107)
                                                                    -----------  -----------
                                                                     (   8,886)   (   2,357)
                                                                    -----------  -----------
                                                                    $        -   $        -
                                                                    ===========  ===========
</TABLE>

Nature and Continuance of Operations - Note 1
Commitment - Note 3


                             SEE ACCOMPANYING NOTES

                                      -10-
<PAGE>
<TABLE>
<CAPTION>
                                  NETCO INVESTMENTS INC.
                              (A Development Stage Company)
                                 STATEMENTS OF OPERATIONS
                    for the years ended December 31, 2003, 2002, 2001
   and for the period from March 15, 2000 (Date of Incorporation) to December 31, 2003
                                  (Stated in US Dollars)
                                   --------------------


                                                                            March 15,
                                                                              2000
                                                                         (Date of Incor-
                                                                          poration) to
                                         Years ended December 31,         December 31,
                                    2003         2002         2001            2003
                                 -----------  -----------  -----------  -----------------
<S>                              <C>          <C>          <C>          <C>
Revenue                          $        -   $        -   $        -   $              -
                                 -----------  -----------  -----------  -----------------

Expenses
 Filing fees                            554          622            -              1,176
 Legal, organizational and audit
  fees                                5,909          673            -             14,582
 Rights and licenses costs                1            -            -             24,751
 Office and miscellaneous                65          562            -                627
 Website maintenance fee                  -            -          500                500
                                 -----------  -----------  -----------  -----------------
Net loss for the period          $ (  6,529)  $ (  1,857)  $   (  500)  $      (  41,636)
                                 ===========  ===========  ===========  =================
Loss per share                   $  (  0.00)  $  (  0.00)  $  (  0.00)
                                 ===========  ===========  ===========
Weighted average shares
 outstanding                      4,300,000    4,300,000    4,300,000
                                 ===========  ===========  ===========
</TABLE>

                             SEE ACCOMPANYING NOTES


                                      -11-
<PAGE>
<TABLE>
<CAPTION>
                                     NETCO INVESTMENTS INC.
                                 (A Development Stage Company)
                                    STATEMENTS OF CASH FLOWS
                       for the years ended December 31, 2003, 2002, 2001
      and for the period from March 15, 2000 (Date of Incorporation) to December 31, 2003
                                     (Stated in US Dollars)
                                      --------------------

                                                                                  March 15,
                                                                                    2000
                                                                               (Date of Incor-
                                                                                poration) to
                                               Years ended December 31,         December 31,
                                            2003        2002        2001            2003
                                         ----------  ----------  -----------  -----------------
<S>                                      <C>         <C>         <C>          <C>
Cash flow from Operating Activities
 Net loss for the period                 $(  6,529)  $(  1,857)  $   (  500)  $      (  41,636)
 Non-cash items
  Legal and organizational expenses              -           -            -              8,000
  Rights and licenses costs                      1           -            -             24,751
 Change in non-cash working capital
  items
   Accounts payable and accrued
    liabilities                              5,462           -          500              5,962
                                         ----------  ----------  -----------  -----------------
Net cash used by Operating Activities     (  1,066)   (  1,857)           -           (  2,923)
                                         ----------  ----------  -----------  -----------------
Cash flow from Investing Activity
 Rights and licenses                      (      1)          -            -           (      1)
                                         ----------  ----------  -----------  -----------------
Net cash used in investing activity       (      1)          -            -           (      1)
                                         ----------  ----------  -----------  -----------------
Cash flow from Financing Activity
 Due to related parties                      1,067       1,857            -              2,924
                                         ----------  ----------  -----------  -----------------
Net cash provided by financing activity      1,067       1,857            -              2,924
                                         ----------  ----------  -----------  -----------------
Change in cash during the period                 -           -            -                  -
Cash, beginning of period                        -           -            -                  -
                                         ----------  ----------  -----------  -----------------
Cash, end of period                      $       -   $       -   $        -   $              -
                                         ==========  ==========  ===========  =================
</TABLE>

                                                                        /Cont'd.


                             SEE ACCOMPANYING NOTES


                                      -12-
<PAGE>
<TABLE>
<CAPTION>
                                    NETCO  INVESTMENTS  INC.                        Continued
                                 (A Development Stage Company)
                                   STATEMENTS OF CASH FLOWS
                       for the years ended December 31, 2003, 2002, 2001
      and for the period from March 15, 2000 (Date of Incorporation) to December 31, 2003
                                    (Stated in US Dollars)
                                     --------------------



                                                                                 March 15,
                                                                                   2000
                                                                              (Date of Incor-
                                                                               poration) to
                                               Years ended December 31,        December 31,
                                              2003       2002       2001           2003
                                              ----       ----       ----           ----
<S>                                         <C>        <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)
                                            ---------  --------  ----------  -----------------
                                            $       -  $      -  $        -  $         32,750
                                            =========  ========  ==========  =================
Supplemental disclosure of cash flow
information:
  Cash paid for interest                    $       -  $      -  $        -  $              -
                                            =========  ========  ==========  =================
  Cash paid for income taxes                $       -  $      -  $        -  $              -
                                            =========  ========  ==========  =================
</TABLE>


                             SEE ACCOMPANYING NOTES


                                      -13-
<PAGE>
<TABLE>
<CAPTION>
                                     NETCO INVESTMENTS INC.
                                 (A Development Stage Company)
                             STATEMENT OF STOCKHOLDERS' DEFICIENCY
           for the period March 15, 2000 (Date of Incorporation) to December 31, 2003
                                     (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)
                                   =========  =======  ============  =============  ===========
</TABLE>

                             SEE ACCOMPANYING NOTES


                                      -14-
<PAGE>
                             NETCO INVESTMENTS INC.
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                           December 31, 2003 and 2002
                             (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 has acquired a license to
          market  and distribute vitamins, minerals, nutritional supplements and
          other  health  and  fitness  products  in  Massachusetts, in which the
          grantor  of  the  license  offers these products for sale from various
          suppliers  on  their Web Site. After carrying out due diligence on the
          potential  market  for  licensors products, the Company has decided to
          source  their  own  product and focus 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  on a going concern
          basis.  The  Company  has accumulated a deficit of $41,636 at December
          31,  2003  since  inception  and  has  a working capital deficiency of
          $8,886  at  December  31,  2003.  Its  ability  to continue as a going
          concern  is  dependent  upon  the  ability  of the Company to generate
          profitable  operations  in  the  future and/or to obtain the necessary
          financing  to  meet  its obligations and repay its liabilities arising
          from  normal  business  operations  when  they  come  due.

          The  Company's  current  working  capital is not sufficient to support
          current  commitments  and  operations. The Company has devoted most of
          its  activities  in  setting  up  its  business  plan,  performing due
          diligence  and sourcing product. The Company intends to raise $106,250
          with  an  offering  of  4,250,000  common  shares  at $0.025 per share
          pursuant  to  an SB-2 Registration statement to be registered with the
          Securities  and  Exchange Commission. The director of the Company will
          receive  5%  of  funds  he  raises from the sale of common shares. Any
          amounts  earned by this director for selling shares will be charged to
          expense  when  incurred.

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  reasonable  limits  of  materiality  and  within the
          framework  of  the  significant  accounting policies summarized below:


    The accompanying notes are an integral part of these financial statements


                                      -15-
<PAGE>
NetCo Investments Inc.
(A Development Stage Company)
Notes to the Consolidated Financial Statements
(U.S. 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  will  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.


    The accompanying notes are an integral part of these financial statements


                                      -16-
<PAGE>
NetCo Investments Inc.
(A Development Stage Company)
Notes to the Consolidated Financial Statements
(U.S. dollars)


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

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

          The  carrying value of the Company's financial instruments, consisting
          of  accounts  payable  and  accrued liabilities approximate their fair
          value  due  to  the short maturity of such instruments. Due to related
          parties  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.

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

          Management  does  not  believe  that  any recently issued, but not yet
          effective,  accounting  standards  if  currently  adapted 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 Massachuesetts, 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. The
          acquisition  of  the  URL  will assist the Company in dealing directly
          with  product  suppliers  and  marketing directly to consumers via the
          internet.


    The accompanying notes are an integral part of these financial statements


                                      -17-
<PAGE>
NetCo Investments Inc.
(A Development Stage Company)
Notes to the Consolidated Financial Statements
(U.S. dollars)


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

          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 - Note 4
          ----------------------

          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.

Note 6    Deferred Tax Assets
          -------------------

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

                                                            Total
                                                          ----------
          Deferred Tax Assets
            Non-capital losses carryforward               $   6,200
          Valuation allowance for deferred tax asset       (  6,200)
                                                          ----------
                                                          $       -
                                                          ==========

          The  amount taken into income as deferred tax assets must reflect that
          portion  of  the  income  tax  loss carryforwards that is likely 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.


    The accompanying notes are an integral part of these financial statements


                                      -18-
<PAGE>
ITEM 8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE


On  September 18th 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 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, 2003.

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

IDENTIFICATION OF DIRECTORS AND OFFICERS

     ----------------------------------------------------------------------
            NAME          AGE                       TITLE
     -----------------     --     -----------------------------------------
     Michael Jackson 1     63     President, Secretary, Treasurer, Director
     ----------------------------------------------------------------------

1 Mr. Jackson was elected as the sole officer and director in March 2000.


                                      -19-
<PAGE>
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.OB.

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  was  with  Geneva  Capital
Corporation,  where  his  functions  included  taking  companies  public  on the
Vancouver  Stock  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.

FAMILY RELATIONSHIPS

There are no family relationships amongst our directors or executive officers.

SIGNIFICANT EMPLOYEES

We do not have any significant employees, other than our officer and director,
at this time.

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:


                                      -20-
<PAGE>
          (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), except as follows:

     (i)  Ryerson  Corporation  AVV

These persons have subsequently filed a Schedule 13D, as required under Section
16(a) of the Securities Exchange Act of 1934.


ITEM 10.     EXECUTIVE COMPENSATION

OFFICERS AND DIRECTORS

We did not pay any director's fees for the latest fiscal year ended December 31,
2003 or for the fiscal year ended in Dec 31 2002.

NetCo may, during the course of the current year, decide to compensate its
officers and directors for their services.

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.


                                      -21-
<PAGE>
<TABLE>
<CAPTION>
                                       SUMMARY COMPENSATION TABLE

-------------------------------------------------------------------------------------------------------
                                                               Long Term Compensation
                                                         ----------------------------------
                             Annual Compensation                   Awards           Payouts
-------------------  ----------------------------------  ------------------------  --------
(a)                   (b)     (c)     (d)       (e)          (f)          (g)        (h)        (i)
-------------------  -----  -------  ------  ----------  -----------  -----------  --------  ----------
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 (#)
-------------------  -----  -------  ------  ----------  -----------  -----------  --------  ----------
<S>                  <C>    <C>      <C>     <C>         <C>          <C>          <C>       <C>
Michael Jackson(1)    2001        0       0           0            0            0         0           0
                      2002        0       0           0            0            0         0           0
                      2003        0       0           0            0            0         0           0
-------------------------------------------------------------------------------------------------------
</TABLE>

(1) Mr. Jackson was elected as the sole officer and director in March 2000.

OPTIONS/SAR  GRANTS

We did not issue any options or SARs during the year ended December 31, 2003.

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, 2003.


ITEM 11.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of January 1st 2004, 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 Investments
Inc., and (iii) all directors and executive officers of us as a group. The
computation is based upon 4,300,000 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.


                                      -22-
<PAGE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
                                                 NUMBER OF SHARES BENEFICIALLY  PERCENTAGE OF
NAME AND ADDRESS                                             OWNED                  CLASS
-----------------------------------------------  -----------------------------  --------------
<S>                                              <C>                            <C>

Ryerson Corporation A.V.V. (1)
c/o 7 Abraham de Veerstraat,                                         4,300,000            100%
P.O. Box 840, Curacao
Netherlands Antilles
-----------------------------------------------  -----------------------------  --------------
Michael Jackson, Director / President /
Sect'y / Treasurer
Suite 212, 1166 Alberni Street                                       4,300,000            100%
Vancouver, British Columbia
Canada V6E 3Z3
-----------------------------------------------  -----------------------------  --------------
Directors and Officers as a Group
(Michael Jackson is the control shareholder of                       4,300,000            100%
Ryerson and sole Officer and Director.)
-----------------------------------------------  -----------------------------  --------------
TOTAL:                                                               4,300,000            100%
----------------------------------------------------------------------------------------------
</TABLE>

   (1)  Michael Jackson is the controlling shareholder of Ryerson Corporation.


ITEM 12.     CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Nothing reportable.

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

Exhibit Number   Description

    31.1         302 Certification for the Chief Executive and Financial Officer
    32.1         906 Certification for the Chief Executive and Financial Officer


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 are as follows:

                               2003     $5,909.00
                               2002     $  500.00

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


                                      -23-
<PAGE>
     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: July 15, 2004
-----------------------------------
Michael Jackson
Director, President, Secretary,
Treasurer


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: July 15, 2004
-----------------------------------
Michael Jackson
Director, President, Secretary,
Treasurer


                                      -24-
<PAGE>