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, 2004

[ ]  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          (IRS Employer
  of incorporation or organization)       File 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, 2004 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 March 23, 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 23, 2005 - 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 . . . . . . . . . . . . . . . . . . . . .   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. . . . . . . . . . . . . . . . . . . . . . .  20

Item 8a.  CONTROLS AND PROCEDURES . . . . . . . . . . . . . . . . . . . . .  20

Item 8b.  OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . . . . .  20

Item 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
          COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT. . . . . . . . . 21

Item 10.  EXECUTIVE COMPENSATION. . . . . . . . . . . . . . . . . . . . . .  23

Item 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT AND RELATED STOCKHOLDER MATTERS. . . . . . . . . . . .  24

Item 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS. . . . . . . . . .  24

Item 13.  INDEX TO EXHIBITS . . . . . . . . . . . . . . . . . . . . . . . .  24

Item 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES. . . . . . . . . . . . . .  25
</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 (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, the 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 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 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.

VitaBeast has 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 will be ready to receive and
process  orders  from  customers  shortly.  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; 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


                                      - 3 -
<PAGE>
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:

     -    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  2004.


                                      - 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.
On  January  7th  2005,  we  completed  a private placement for 4,250,000 common
shares  at  US$0.025  per  share.

We are currently working with Pennaluna & Company to initiate trading on the OTC
Bulletin  Board  Service.  The  Company  is  in  the  process  of satisfying the
Securities  and  Exchange  Commission  (SEC)  Rule  15c2-11  and the information
requirements of the National Association of Securities Dealers, Inc. (NASD) Rule
6740.

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, 2004 we had FIFTY-ONE (51) 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  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 2004, 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  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 7th 2005,
we  have  suffered  recurring losses and net cash outflows from operations. As a
result  of  the  initial  public  offering, we have a working capital surplus of
$81,520  as of December 31, 2004, which is sufficient 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
common  stock  issuances  and 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.


                                      - 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 2004, 2003 and 2002 are not
indicative  of  our current business plan and operations. During the years ended
December  31  2004, 2003 and 2002, 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, 2004 AND TWELVE MONTHS ENDED DECEMBER 31, 2003

Revenue:  We  had  no  revenue for the twelve months ended December 31, 2004 nor
for  the  twelve  months  ended  December  31,  2003.

General  and  Administrative  Operating  Expenses:  Our  operating expenses were
$20,074  for  the period ending December 31st 2004, compared to $6,529 in fiscal
2003,  an increase of $13,545.  These expenses were mainly attributed to filing,
interest,  legal,  organizational  and  audit  fees of $18,659 in fiscal 2004 as
compared  to  $6,463  in  fiscal  2003.

LIQUIDITY  AND  CAPITAL  RESOURCES

Our cash position is $111,171 for the period ending December 31 2004 and was nil
for  the  period  ending  December 31 2003. The increase in the cash position is
directly  related  to  the initial public offering that was completed in January
2005.

The  working  capital  surplus  at  December 31 2004 is $81,520 as compared to a
working  capital  deficit  of  $8,886  at  December  31  2003.

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
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  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


                                      - 6 -
<PAGE>
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.


                                      - 7 -
<PAGE>
ITEM  7.     FINANCIAL  STATEMENTS



                             NETCO INVESTMENTS INC.

                          (A Development Stage Company)

                         REPORT AND FINANCIAL STATEMENTS

                           December 31, 2004 and 2003

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


                                      - 8 -
<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, 2004 and 2003 and the related
statements  of  operations,  stockholders' equity and cash flows for each of the
years  then  ended  and for the period March 15, 2000 (Date of Incorporation) to
December  31,  2004.  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, 2004 and 2003 and the results of its operations and its cash flows
for  the  years  then  ended  and  for  the  period  March  15,  2000  (Date  of
Incorporation)  to  December  31,  2004 in conformity with accounting principles
generally  accepted  in  the  United  States  of  America.


Vancouver, Canada                                               "AMISANO HANSON"
February 24, 2005                                          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


                                      - 9 -
<PAGE>
<TABLE>
<CAPTION>
                             NETCO INVESTMENTS INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS
                           December 31, 2004 and 2003
                             (Stated in US Dollars)
                              --------------------


                                   ASSETS                 2004       2003
                                   ------               ---------  ---------
<S>                                                     <C>        <C>
Current
  Cash                                                  $111,171   $      -
  Share subscriptions receivable                             575          -
  Rights and licenses - Notes 3 and 4                          -          -
                                                        ---------  ---------

                                                        $111,746   $      -
                                                        =========  =========

                                LIABILITIES

Current
  Accounts payable and accrued liabilities              $  4,186   $  5,962
  Due to related parties - Note 5                         14,892      2,924
  Current portion of notes payable - Note 6               11,148          -
                                                        ---------  ---------

                                                          30,226      8,886
Notes payable - Notes 6 and 9                              4,555          -
                                                        ---------  ---------

                                                          34,781      8,886
                                                        ---------  ---------

                       STOCKHOLDERS' EQUITY (DEFICIENCY)

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: 8,537,000 (2003:  4,300,000)
   - Notes 7 and 9                                           854        430
Additional paid-in capital                               137,821     32,320
Deficit accumulated during the development stage         (61,710)   (41,636)
                                                        ---------  ---------

                                                          76,965     (8,886)
                                                        ---------  ---------

                                                        $111,746   $      -
                                                        =========  =========
</TABLE>

Commitment - Note 3
Subsequent Events - Note 9


                             SEE ACCOMPANYING NOTES

                                     - 10 -
<PAGE>
<TABLE>
<CAPTION>
                             NETCO INVESTMENTS INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                 for the years ended December 31, 2004 and 2003
        and for the period from March 15, 2000 (Date of Incorporation) to
                                December 31, 2004
                             (Stated in US Dollars)
                              --------------------


                                                                  March 15,
                                                                    2000
                                                                  (Date of
                                                               Incorporation)
                                           Years ended               to
                                           December 31,         December 31,
                                        2004         2003           2004
                                     -----------  -----------  ---------------
<S>                                  <C>          <C>          <C>
Revenue                              $        -   $        -   $            -
                                     -----------  -----------  ---------------


Expenses
  Filing fees                        $    4,651   $      554   $        5,827
  Legal, organizational and audit
   fees                                  12,305        5,909           26,887
  Rights and licenses costs                  74            1           24,825
  Office and miscellaneous                1,341           65            1,968
  Interest                                1,703            -            1,703
  Website maintenance fee                     -            -              500
                                     -----------  -----------  ---------------

                                        (20,074)      (6,529)         (61,710)
                                     -----------  -----------  ---------------

Net loss for the period              $  (20,074)  $   (6,529)  $      (61,710)
                                     ===========  ===========  ===============

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

Weighted average shares outstanding   4,511,236    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, 2004 and 2003
        and for the period from March 15, 2000 (Date of Incorporation) to
                                December 31, 2004
                              (Stated in US Dollars)
                               --------------------


                                                                      March 15,
                                                                        2000
                                                                      (Date of
                                                                   Incorporation)
                                                  Years ended            to
                                                  December 31,      December 31,
                                                2004       2003         2004
                                              ---------  --------  ---------------
<S>                                           <C>        <C>       <C>
Cash flow from Operating Activities
  Net loss for the period                     $(20,074)  $(6,529)  $      (61,710)
  Non-cash items:
    Legal and organizational expenses                -         -            8,000
    Rights and licenses costs                        -         1           24,751
  Change in non-cash working capital item:
    Accounts payable and accrued liabilities    (1,776)    5,462            4,186
                                              ---------  --------  ---------------

Net cash used by operating activities          (21,850)   (1,066)         (24,773)
                                              ---------  --------  ---------------

Cash flow from Investing Activity
  Rights and licenses                                -        (1)              (1)
                                              ---------  --------  ---------------

Net cash used in investing activity                  -        (1)              (1)
                                              ---------  --------  ---------------

Cash flow from Financing Activities
  Due to related parties                        11,968     1,067           14,892
  Notes payable                                 15,703         -           15,703
  Share capital                                105,350         -          105,350
                                              ---------  --------  ---------------

Net cash provided by financing activities      133,021     1,067          135,945
                                              ---------  --------  ---------------

Change in cash during the period               111,171         -          111,171

Cash, beginning of period                            -         -                -
                                              ---------  --------  ---------------

Cash, end of period                           $111,171   $     -   $      111,171
                                              =========  ========  ===============
</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, 2004 and 2003
   and for the period from March 15, 2000 (Date of Incorporation) to December 31, 2004
                                  (Stated in US Dollars)
                                   --------------------


                                                                             March 15,
                                                                               2000
                                                                             (Date of
                                                                          Incorporation)
                                                          Years ended           to
                                                          December 31,     December 31,
                                                         2004     2003         2004
                                                        -------  -------  ---------------
<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
                                                        =======  =======  ===============

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' EQUITY
          for the period March 15, 2000 (Date of Incorporation) to December 31, 2004
                                    (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
 - Notes 7 and 9                   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
                                   =========  =======  ============  =============  =========
</TABLE>


                             SEE ACCOMPANYING NOTES

                                     - 14 -
<PAGE>
                             NETCO INVESTMENTS INC.
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                           December 31, 2004 and 2003
                             (Stated in US Dollars)
                              --------------------


Note  1   Nature  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.

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 judgment. 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:

          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.


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


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

          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.

          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.


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


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

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

          Statement of Financial Accounting Standards ("FAS") 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.

          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  consumers  via  the  internet.


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


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

          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   Notes  Payable  -  Note  9
          --------------

<TABLE>
<CAPTION>
                                                     2004       2003
                                                   ---------  -------
<S>                                                <C>        <C>
Unsecured promissory note bearing interest at 8%
per annum; repayable August 4, 2006                $  4,000   $     -
  Loan fee                                              400         -
  Accrued interest                                      155         -
                                                   ---------  -------

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

Unsecured promissory note bearing interest at 10%
per annum; repayable February 24, 2005                5,000         -
  Loan fee                                              500         -
  Accrued interest                                      136         -
                                                   ---------  -------

                                                      5,636         -
                                                   ---------  -------

Unsecured promissory note bearing interest at 10%
per annum; repayable March 23, 2005                   5,000         -
  Loan fee                                              500         -
  Accrued interest                                       12         -
                                                   ---------  -------

                                                      5,512         -
                                                   ---------  -------

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

                                                   $  4,555   $     -
                                                   =========  =======
</TABLE>


                                     - 18 -
<PAGE>
NetCo Investments Inc.
(A Development Stage Company)
Notes to the Financial Statements
(U.S. dollars)


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

          The  Company  raised  $105,925  by  issuing 4,237,000 common shares at
          $0.025  per  share during the year ended December 31, 2004 pursuant to
          an  SB-2  Registration  statement  registered  with the Securities and
          Exchange  Commission  to offer a total of 4,250,000 common shares. The
          director  of  the Company will receive 5% of the funds raised from the
          sale of common shares. Any amounts earned by this director for selling
          shares  will  be  charged  to  expenses  when  incurred.

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

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

<TABLE>
<CAPTION>
                                                Total
                                              ---------
<S>                                           <C>
Deferred Tax Assets
  Non-capital losses carryforward             $ 10,428
  Valuation allowance for deferred tax asset   (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   Subsequent  Events
          ------------------

          By  January  7,  2005,  the  Company  had  received  $900  for  share
          subscriptions receivable of $575 and $325 for the remaining SB-2 issue
          of  13,000  common  shares  at  $0.025  per  share.

          On  January  28,  2005, the Company paid a finder's fee of $5,313 to a
          director  of  the  Company  pursuant  to the issue of 4,250,000 common
          shares  (4,237,000  were  subscribed  for  at  December  31,  2004).

          The  note payable that was repayable on February 24, 2005, was renewed
          for  an  additional four months until June 24, 2005, on the same terms
          and  conditions.


                                     - 19 -
<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 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,  2004.

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.


                                     - 20 -
<PAGE>
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)    64    President, Secretary, Treasurer, Director
        --------------------  ---   --------------------------------------------

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

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:


                                     - 21 -
<PAGE>
     (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),  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.


                                     - 22 -
<PAGE>
ITEM  10.    EXECUTIVE  COMPENSATION

OFFICERS  AND  DIRECTORS

We did not pay any director's fees for the latest fiscal year ended December 31,
2004  or  for  the  fiscal  year  ended  in  Dec  31  2003.

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.

<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)   2002        0       0           0            0            0         0           0
                      2003        0       0           0            0            0         0           0
                      2004        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, 2004.

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, 2004.


                                     - 23 -
<PAGE>
ITEM  11.    SECURITY  OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
             RELATED STOCKHOLDER MATTERS

The  following  table  sets  forth, as of January 7th 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 Investments
Inc.,  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.

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

(1)  Michael  Jackson  is  the  controlling  shareholder of Ryerson Corporation.
     Mr.  Jackson  is the sole officer and director of NetCo Investments Inc. He
     is the President, Secretary and Treasurer of NetCo.


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

<TABLE>
<CAPTION>
Exhibit Number  Description
--------------  ---------------------------------------------------------------
<S>             <C>
     2.1*       Form 8-K - Change in Registrant's Certifying Accountant
     2.2*       Form 8-K - Acquisition of URL, www.vitabeast.com
     2.3*       Form 8-K - Promissory Note
     2.4*       Form 8-K - Promissory Note
     31.1       302 Certification for the Chief Executive and Financial Officer
     32.1       906 Certification for the Chief Executive and Financial Officer
</TABLE>
*  previously  filed


                                     - 24 -
<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 are as follows:

                              2004     $8,255.00
                              2003     $5,909.00

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 23, 2005
--------------------------------------
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:  March 23, 2005
--------------------------------------
Michael Jackson
Director, President, Secretary,
Treasurer


                                     - 25 -
<PAGE>