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

                                   FORM 10-KSB

              Annual Report Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

                        Commission file number: 000-31541

                               AMERICAN IDC CORP.
        (Exact name of small business issuer as specified in its charter)

             Florida                                      65-0941058
(State or other jurisdiction of                (IRS Employee Identification No.)
 incorporation or organization)

           Suite 625 - 9800 Sepulveda Boulevard, Los Angeles, CA 90045
                    (Address of principal executive offices)

                                 (310) 342-0760
                           (Issuer's telephone number)

Securities Registered pursuant to section 12(g) of the Act:   None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes      X                 No
    --------------            --------------

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

         X
   --------------

State issuer's revenues for its most recent fiscal year :     none

Aggregate market value of the voting stock held by non-affiliates of the
registrant as of December 31, 2000: $ 0

Number of outstanding shares of the registrant's par value $0.001 common stock
as of March 28, 2001:      5,100,000

                                       1
<PAGE>

                               AMERICAN IDC CORP.
                                   FORM 10-KSB
                                      INDEX

                                                                            Page
                                                                            ----
                                     Part I

Item 1.   Business.............................................................3

Item 2.   Properties...........................................................6

Item 3.   Legal Proceedings....................................................6

Item 4.   Submission of Matters of a Vote of Security Holders..................6

                                 Part II

Item 5.   Market for Registrant's Common Equity and Related Stockholder
          Matters..............................................................6

Item 6.   Management's Discussion and Analysis of Financial
          Condition and Results of Operation...................................7

Item 7.   Financial Statements and Supplementary Data.........................12

Item 8.   Changes in and Disagreements with Accountants on
          Accounting and Financial Disclosure.................................12

                                Part III

Item 9.   Directors and Executive Officers of the Registrant..................12

Item 10.  Executive Compensation..............................................13

Item 11.  Security Ownership of Certain Beneficial Owners and Management......14

Item 12.  Certain Relationships and Related Transactions......................14

                                 Part IV

Item 13.  Exhibits, Financial Statement Schedule and Reports on Form 8-K......15

Signatures....................................................................15

                                       2
<PAGE>

                                     Part I

ITEM 1.  BUSINESS

When used in this Form 10-KSB, the words "expects," "anticipates," "estimates"
and similar expressions are intended to identify forward-looking statements.
Such statements are subject to risks and uncertainties, including those set
forth below under "Risks and Uncertainties," that could cause actual results to
differ materially from those projected. These forward-looking statements speak
only as of the date hereof. The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's expectations
with regard thereto or any change in events, conditions or circumstances on
which any statement is based. This discussion should be read together with the
financial statements and other financial information included in this Form
10-KSB.

General
-------

American IDC Corp. (hereinafter "The Company"), a development stage company, was
incorporated on June 3, 1997 under the laws of the State of Florida. Its
Articles of Incorporation provided for authorized capital of fifty million
(50,000,000) shares of Common Stock , par value $0.001.

There have been no bankruptcy, receiverships, or similar proceedings by or
against the Company. There has been no material reclassification, merger,
consolidation, or purchase or sale of any significant asset(s).

The Company's principal executive offices are located at: Suite 625 - 9800
Sepulveda Boulevard, Los Angeles, CA 90045.

Business History
----------------

The Company was incorporated as a development stage company on June 3, 1997 as
Future Projects VIII Corp. On July 20, 2000, the Company changed its name to
American IDC Corp. with the intention of developing an Internet Data Center
business.

The Company has recognized the increasing demand for companies entering into
E-commerce to have a place of Internet presence, security and redundancy within
the Data Center market place. The Company intends to become a total Internet
Solutions Provider by offering businesses a platform to build and execute their
E-business strategies.

The Internet Data Center Outsourcing Industry
---------------------------------------------

As one of many organizations in a growing industry, the Company is prepared to
implement a strategy to position itself as an Information Technology solution
provider to various public and private organizations. The Company believes that
in order to capitalize on the growth in the Internet Data market, it needs to
target its core competencies with an emphasis on customer service and support.

Business Development
--------------------

Though in its developmental stage, the Company believes that it has refined a
business model that will provide Internet co-location service, Internet Data
Center services, and office space leasing services to small and medium size
businesses. The Company will provide the security, flexibility, and control that
customers require to fill all of their Information Technology needs.
The Company plans to offer solutions that will enable Information Technology
clients to procure data center outsourcing services as an extension of their
organizations and not as an "either/or" business proposition. The Company
believes this will lead to greater end user satisfaction, improved budge
performance from customer/supplier synergies, fixed cost expense forecasting,
significant cost savings and access to state of the art data center facilities.

The Company has based its business model on the belief that the market is
currently lacking secure and flexible comprehensive Information Technology
solutions provided by one source.

The Company plans to design and engineer its own customized data center
platforms on which clients build their applications. The Company believes by
providing teams of technical specialists and in-field technicians to assume end
to end accountability for all hardware and network functions, and by utilizing
centralized data center consulting services, the Company will be able to provide
a premium level of customer service to clients with efficiency and flexibility.

                                       3
<PAGE>

Using the Internet, the Company plans to connect clients to its data center
where servers are stored and managed in an environmentally controlled and secure
facility. Customer service oriented technicians will be provided to support
clients around the clock.

The Company intends to work closely with clients to enable them to design their
own networks, chose the operation system, bandwidth options, backup and recovery
strategies and security services that best support their technical goals for
their specific business applications. The Company intends to ensure clients that
it can tailor its services to their business needs.

Products and Services
---------------------

The Company's products and services are expected to include:

1.  Internet Co-Location Services
2.  Office Space Leasing Services
3.  Data Centers

INTERNET CO-LOCATION SERVICES

The Company's Co-Location services will be designed to give businesses the
security, flexibility, and control that is essential in a hosting service. The
Company's operation will be built around reliability and total network
protection.

Co-Location will be targeted to companies who want to use their own servers and
network equipment, those that rely on complex or legacy operating systems, or
that maintain proprietary, patented, or sensitive intellectual property. It will
also be targeted to Application Service Providers and dot-com companies that
provide software, data, or IT services to their customers. Co-Location enables
clients to maintain control over their own server and data, while ensuring
systems remain online and that the data is safe.

OFFICE SPACE LEASING SERVICES

The Company's facility will consist of potentially over 65,000 square feet of
designated, independent office space area. This area will be designed to provide
short term or temporary accommodation solutions to emerging and growing
businesses who may not yet require an operating office in Los Angeles or
southern California but who are in need of a business presence (for example, a
representative office for a Chinese or Asian based company).

The Company believes that one of the biggest concerns of small and medium sized
businesses is overhead expense. The Company intends to provide its clients with
an immediate temporary solution to this concern. The Company plans to offer full
service lease spaces on a project basis or short term lease until clients decide
on more permanent solutions.

DATA CENTERS

The Company's management intends to develop a proprietary web-based project
management system that will allow the outsourcing partner direct participation
in project management and coordination of the Company's development resources.

The Company plans to have data center technicians available to clients 24 hours
a day to ensure smooth operations. Technicians will be in constant contact with
the Company's Network Operations Center to monitor the performance and
availability of every server in the Operations Center.

The Company plans to invest in the most current and up to date data center
specific equipment available to ensure stability, reliability, and protection
from bottlenecks, system failures, data loss and downtime.

As different industries and businesses may require different levels of
assistance, the Company plans to focus on customer service with each client on
an individual basis. The Company will specifically focus on the client's
industry requirements and take into account the specific level of information
technology required by each client's organization, customizing the networks to
match the level of sophistication and support each customer requires.

To date the Company has no new announcements of products or services.

                                       4
<PAGE>

Marketing Strategy
------------------

The initial and primary target market the Company has identified is the small
and medium-sized business market. The Company decided it will target this
segment for two reasons:

1.       These businesses' lack of local IT expertise and resources to build a
         full service/function IT department

2.       The budgetary concern of increasing operational expenses to locate and
         staff IT professionals.

The demand for web-enabled business applications places additional pressures on
companies to provide around the clock computer operations, and to support those
operations with robust network and data center infrastructures.

The Company's marketing and sales plan is designed so that small business owners
will also be able to use its services in order to save on their IT operational
expenses. Large-scale business enterprises will be personally assisted to find
the best IT solution for their needs by working directly with the Company's
staff, especially if the Company is already housing one or more of their
servers.

Managed services provide businesses with the tools they need to implement a
cohesive set of IT objectives. Companies in the process of formulating a core IT
strategy may not have the in house expertise to objectively determine what that
strategy should be. The Company's technical consultants will be able to deliver
the knowledge and experience in Data Center Outsourcing, Data Center Migration,
Business Continuity, and Security.

The Company is confident that by targeting the small and medium sized business
segment of the market with reliable and affordable Information Technology
solutions, it will be able to establish itself as a leader in the industry.

Competition
-----------

The Information Technology services market is highly fragmented, with no single
institution or company holding a dominant share. These companies include Digital
Island and Exodus, in addition to other providers of traditional consulting and
networking services. Management believes the number of these companies will
continue to increase. Some of these are larger and have greater resources than
the Company, while others offer only specialized IT solutions.

The Company believes that if it can offer a more diverse selection of services,
system reliability and data security in combination with its ability to
effectively manage and administer its Network Operations Centers, it will
position the Company to successfully compete in the Information Technology
solutions market.

Employees
---------

Currently, the Company has no employees other than the principal. However,
additional staff will be added, as the success of the business demands it.

Government Regulations
----------------------

The Company is not currently subject to direct federal, state, or local
regulation in the United States other than regulations applicable to businesses
generally or directly applicable to electronic commerce. However, because the
Internet is becoming increasingly popular, it is possible that a number of laws
and regulations may be adopted in the United States with respect to the
Internet. These laws may cover issues such as user privacy, freedom of
expression, pricing, content and quality of products and services, taxation,
advertising, intellectual property rights, and information security.
Furthermore, the growth of electronic commerce may prompt calls for more
stringent consumer protection laws. Several states have proposed legislation to
limit the use of personal user information gathered online or require online
services to establish privacy policies. The Federal Trade Commission has
indicated that it may propose legislation on this issue to Congress in the near
future and has initiated action against at least one online service regarding
the manner in which personal information was collected from users and provided
to third parties. The adoption of such consumer protection laws could create
uncertainty in Internet usage and reduce the demand for all products and
services. The Company does not provide customer information to third parties
and, therefore, does not anticipate any current or proposed legislation relating
to online privacy to directly affect its activities to a material extent.

The Company is not certain how its business may be affected by the application
of existing laws governing issues such as property ownership, copyrights,
encryption, and other intellectual property issues, taxation, libel, obscenity,
and export or import matters. The vast majority of those laws were adopted prior

                                       5
<PAGE>

to the advent of the Internet. As a result, they do not contemplate or address
the unique issues of the Internet and related technologies. Changes in laws
intended to address such issues could possibly create uncertainty in the
Internet marketplace. That uncertainty could reduce demand for the Company's
products or services or increase the cost of doing business as a result of
litigation costs or increased service delivery costs.

Raw Materials
-------------

The Company does not rely on any one or more raw materials or raw material
suppliers for the normal course of business.

Patents
-------
The Company has no patents, nor is it in the process of trying to obtain any
patents at this time.

Customers
---------

The Company currently does not rely on one or a few customers to continue
business nor does the Company believe such a dependency shall evolve in the
future for the Company. Potential customers include any E-commerce company
requiring a significant business presence in southern California.


ITEM 2.  PROPERTIES

The Company is currently operating out of the office of the President of the
Company, Gordon Lee, at Suite 625 - 9800 Sepulveda Boulevard, Los Angeles, CA
90045. The Company currently only occupies the one Suite, however, the entire
facility consists of approximately 65,000 square feet of designated office
space, designed to provide short term/temporary accommodation solution to
emerging and growing businesses. The facility allows businesses to lease spaces
on a project basis or short-term lease until a more permanent solution can be
sought out. The Company believes the ability to expand into these facilities as
the business plan is executed, will be adequate for its current requirements.

The Company's future plans will likely require more permanent additional space
as its business plan progresses. If, and when, this should occur, the Company
will look into expansion into target markets that will be able to financially
support the additional office space and manpower required.

(a)  Real Estate.                           None

(b)  Computer and Office Equipment          $0


ITEM 3.  LEGAL PROCEEDINGS

The Company is not, and does not anticipate being a party to any legal
proceedings in the foreseeable future.


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

No matters were submitted during the fiscal year covered by this report to a
vote of security holders of the Company, through the solicitation of proxies or
otherwise.


                                     Part II

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

(a) The Company's Common Shares are currently quoted on the Pink Sheets market
under the ticker symbol ACNI. The Company is not aware of any established
trading market for its Common Stock nor is there any record of any reported
trades in the public market in recent years.

                                       6
<PAGE>

(b) As of December 31, 2000, the Company had approximately 36 shareholders of
record of the common stock.

(c) No dividends on outstanding common stock have been paid within the last two
fiscal years, and interim periods. The Company does not anticipate or intend
upon paying dividends for the foreseeable future.


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATION

The following discussion contains forward-looking statements that are subject to
significant risks and uncertainties. There are several important factors that
could cause actual results to differ materially from historical results and
percentages and results anticipated by the forward-looking statements. The
Company has sought to identify the most significant risks to its business, but
cannot predict whether or to what extent any of such risks may be realized nor
can there be any assurance that the Company has identified all possible risks
that might arise. Investors should carefully consider all of such risks before
making an investment decision with respect to the Company's stock. In
particular, investors should refer to the section entitled, "Factors that May
Affect Future Results and Market Price of Stock".

Plan of Operation
-----------------

During the next twelve months, the Company plans to concentrate its efforts on
developing its services and identifying specific markets and clients for these
services. The Company intends to rely on the experience and expertise of its
management to study the market for Information Technology solutions.

Because the Company remains essentially a start-up development company with
limited capital resources, it may be necessary for the President to either
advance funds to the Company, or to accrue expenses until such time as an
additional financing can be made. Management intends to hold expenses to a
minimum and to obtain services on a contingency basis when possible until the
Company's product development and marketing reaches a point when additional
financing will be possible. Further, the Company's President and sole Director
will defer any cash compensation until such time as the Company begins to earn
revenues from operations.

It is clear to the Company that present funding is not sufficient for the launch
of its operations, and that it must interest investors in one or more secondary
capital formation programs before it can launch.

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

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

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

The Company does not anticipate the sale of any significant property, plant or
equipment during the next twelve months. The Company does not anticipate the
acquisition of any significant property, plant or equipment during the next 12
months, other than computer equipment and peripherals used in the Company's
day-to-day operations. The Company believes it has sufficient resources
available to meet these acquisition needs.

Cash requirements and need for additional funds
-----------------------------------------------

The Company anticipates no substantial cash requirements for the next twelve
months, to remain in its present pre-operating condition. It is the opinion of
management that approximately $1,000,000 would be required to launch operations
in the next twelve months.

                                       7
<PAGE>

To sustain the Company in a pre-operating mode, the Company has indicated
substantial self-sufficiency, for this reason, management anticipates no
activity during that period, other than compliance with reporting requirements.
Required management, legal and professional services during that period are
believed capable of being secured for deferred payment or payment in new
investment shares of common stock. The exception to the previous statement is
that the Company's Auditor cannot lawfully or properly be compensated otherwise
than by payment for services in cash as billed by such independent auditor. This
cash requirement is foreseen to be not less than $4,000.00 nor more than
$10,000.00 during the next twelve months. This minimal funding will be obtained
by borrowing, possibly with a guarantee from its officers, directors or
principal shareholder. There is no assurance possible that even these minimal
requirements for cash can be met. The failure to maintain current auditing of
the corporate affairs would result in the failure to meet the Company's
intention to file periodic reports, voluntarily or otherwise, at the close of
its next fiscal year. The expenses of its audit, legal and professional
requirements, may be advanced by management. No significant cash or funds are
required for Management to evaluate possible transactions. No such activity is
expected for at least the next six months.

In the more important and desirable event that operations are to be launched
during the next twelve months, as intended, it will be necessary for the Company
to obtain sufficient working capital to insure that its operations could
continue for long enough to achieve profitability.

While the Company has disclosed the results of such a contingency, it does not
anticipate any such contingency upon which the Company would voluntarily cease
filing reports with the SEC, even though it might cease to be required to do so
under current rules. It is in the Company's compelling interest to be a
reporting company and to report its affairs quarterly, annually and currently,
as the case may be, generally to provide accessible public information to
interested parties. Capital formation programs cannot be approached responsibly
without maintenance of the Company's reporting status.

Discussion and Analysis of Financial Condition and Results of Operations
------------------------------------------------------------------------

OPERATIONS AND RESULTS FOR THE PAST TWO FISCAL YEARS: The Company was
incorporated on June 3, 1997 and has yet to launch operations. Activity during
the past year has been confined to the identification of markets and development
of services.

FUTURE PROSPECTS: The Company is unable to predict when it may launch intended
operations, or failing to do so, when and if it may elect to participate in a
business acquisition opportunity. The reason for this uncertainty arises from
its limited resources, and competitive disadvantage to other public or
semi-public issuers. Notwithstanding the conditions, the Company expects to
develop a capital formation strategy and launch operations during the next
twelve to eighteen months.

REVERSE ACQUISITION CANDIDATE: The Company is not currently searching for a
profitable business opportunity. This contingency is disclosed for the
possibility that the Company's intended business might fail. The Company is not
presently a reverse acquisition candidate. Should the Company's business fail,
management does not believe the Company would be able to effectively, under
current laws and regulations, attract capital, and would be required to seek
such an acquisition to achieve profitability for shareholders.

Recent Accounting Pronouncements
--------------------------------

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

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

The Company adopted Statement of Financial Standards No. 133, Accounting for
Derivative Instruments and for Hedging Activities ("SFAS No. 133") in the year
ended December 31, 2000. SFAS No.133 requires that certain derivative
instruments be recognized in balance sheets at fair value and for changes in
fair value to be recognized in operations. Additional guidance is also provided

                                       8
<PAGE>

to determine when hedge accounting treatment is appropriate whereby hedging
gains and losses are offset by losses and gains related directly to the hedged
item. SFAS No. 133's impact on the Company's financial statements is not
expected to be material as the Company has not historically used derivative and
hedge instruments.

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

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

Risk Factors that may affect future results and market price of stock
---------------------------------------------------------------------

The business of the Company involves a number of risks and uncertainties that
could cause actual results to differ materially from results projected in any
forward-looking statement, or statements, made in this report. These risks and
uncertainties include, but are not necessarily limited to the risks set forth
below. The Company's securities are speculative and investment in the Company's
securities involves a high degree of risk and the possibility that the investor
will suffer the loss of the entire amount invested.

LIMITED OPERATING HISTORY; ANTICIPATED LOSSES; UNCERTAINLY OF FUTURE RESULTS

The Company was organized in 1997, and has no operating history upon which an
evaluation of its business and prospects can be based. The Company's prospects
must be evaluated with a view to the risks encountered by a company in an early
stage of development, particularly in light of the uncertainties relating the
acceptance of the Company's business model.

The Company will be incurring costs to develop and market its IT solutions, to
establish marketing relationships, and to build an administrative organization.
There can be no assurance that the Company will be profitable on a quarterly or
annual basis. In addition, as the Company expands its business network and
marketing operations it will likely need to increase its operating expenses,
broaden its customer support capabilities, and increase its administrative
resources. To the extent that such expenses are not subsequently followed by
commensurate revenues, the Company's business, results of operations and
financial condition will be materially adversely affected.

POSSIBLE NEED FOR ADDITIONAL FINANCING

It is possible that revenues from the Company's operations may not be sufficient
to finance its initial operating cost to reach breakeven. If this were to occur,
the Company would need to raise or find additional capital. While the Company
expects to be able to meet its financial obligations for approximately the next
twelve months, there is no assurance that, after such period, the Company will
be operating profitably. If they are not, there can be no assurance that any
required capital will be obtained on terms favorable to the Company. Failure to
obtain adequate additional capital on favorable terms could result in
significant delays in the expansion of new services and market share and could
even result in the substantial curtailment of existing operations and services
to clients.

UNPREDICTABILITY OF FUTURE REVENUES; POTENTIAL FLUCTUATIONS IN QUARTERLY
RESULTS.

As a result of the Company's lack of operating history and the emerging nature
of the market in which it competes, the Company is unable to forecast its
revenues accurately. The Company's current and future expense levels are based
largely on its investment/operating plans and estimates of future revenue and
are to a large extent based on the Company's own estimates. Sales and operating
results generally depend on the volume of, timing of, and ability to obtain
customers, orders for services received, and revenues therefrom generated. These
are, by their nature, difficult at best to forecast.

                                       9
<PAGE>

The Company may be unable to adjust spending in a timely manner to compensate
for any unexpected revenue shortfall or delay. Accordingly, any significant
shortfall or delay in revenue in relation to the Company's planned expenditures
would have an immediate adverse affect on the Company's business, financial
condition, and results of operations. Further, in response to changes in the
competitive environment, the Company may from time to time make certain pricing,
service, or marketing decisions that could have a material adverse effect on the
Company's business, financial condition, operating results, and cash flows.

DEVELOPING MARKET; ACCEPTANCE OF THE INTERNET AS A MEDIUM FOR COMMERCE JUST NOW
BEING PROVEN.

The Company's long-term viability is substantially dependent upon the continued
widespread acceptance and use of the Internet as a medium for business commerce,
in terms of the sales of both products and services to businesses and
individuals. The use of the Internet as a means of business sales and commerce
is has only recently reached a point where many companies are making reasonable
profits from their endeavors therein, and there can be no assurance that this
trend will continue.

The Internet has experienced, and is expected to continue to experience,
significant growth in the number of users and amount of traffic. There can be no
assurance that the Internet infrastructure will continue to be able to support
the demands placed on it by this continued growth. In addition, delays in the
development or adoption of new standards and protocols to handle increased
levels of Internet activity or increased governmental regulation could slow or
stop the growth of the Internet as a viable medium for business commerce.
Moreover, critical issues concerning the commercial use of the Internet
(including security, reliability, accessibility and quality of service) remain
unresolved and may adversely affect the growth of Internet use or the
attractiveness of its use for business commerce.

The failure of the necessary infrastructure to further develop in a timely
manner, or the failure of the Internet to continue to develop rapidly as a valid
medium for business would have a material adverse effect on the Company's
business, financial condition, operating results, and cash flows.

UNPROVEN ACCEPTANCE OF THE COMPANY'S SERVICES AND/OR PRODUCTS

The Company is still in its development stage. As a result, it does not know
with any certainty whether its services and/or products will be accepted within
the business marketplace. If the Company's services and/or products prove to be
unsuccessful within the marketplace, or if the Company fails to attain market
acceptance, it could materially adversely affect the Company's financial
condition, operating results, and cash flows.

DEPENDENCE ON KEY PERSONNEL

The Company's performance and operating results are substantially dependent on
the continued service and performance of its officer and directors. The Company
intends to hire additional technical, sales, and other personnel as they move
forward with their business model. Competition for such personnel is intense,
and there can be no assurance that the Company can retain its key technical
employees, or that it will be able to attract or retain highly qualified
technical and managerial personnel in the future. The loss of the services of
any of the Company's key employees or the inability to attract and retain the
necessary technical, sales, and other personnel could have a material adverse
effect upon the Company's business, financial condition, operating results, and
cash flows. The Company does not currently maintain "key man" insurance for any
of its key employees.

DEPENDENCE ON THE INTERNET

Online companies have experienced interruptions in their services as a result of
outages and other delays occurring due to problems with the Internet network
infrastructure, disruptions in Internet access provided by third-party providers
or failure of third party providers to handle higher volumes of user traffic. If
Internet usage grows, the Internet infrastructure or third-party service
providers may be unable to support the increased demands which may result in a
decline of performance, reliability or ability to access the Internet. If
outages or delays frequently occur in the future, Internet usage, as well as
usage of the Company's Internet Web-sites, could grow more slowly or decline.

COMPETITION

The IT solutions market in which the Company will operate is very competitive.
Many competitors have substantially greater, financial, technical, marketing,
and distribution resources than the Company.

In the all its markets, the Company competes against a large number of companies
of varying sizes and resources. There are an increasing number of competitive
services and products offered by a growing number of companies. Increased
competition in any service or product area may result in a loss of a client,
reduction in sales revenue, or additional price competition, any of which could
have a material adverse effect on the Company's operating results. In addition,
existing competitors may continue to broaden their service and/or product lines
and other potential competitors may enter or increase their presence in the IT
solutions market, resulting in greater competition for the Company.

                                       10
<PAGE>

Most of the Company's current and potential competitors have substantially
longer operating histories, larger customer bases, greater name and service
recognition, and significantly greater financial, marketing, and other resources
than the Company. In addition, competitors may be acquired by, receive
investments from or enter into other commercial relationships with larger,
well-established and well-financed companies as the use of the Internet and
other online services increases. Many of the Company's competitors may be able
to respond more quickly to changes in customer preferences/needs, devote greater
resources to marketing and promotional campaigns, adopt more aggressive pricing
policies and devote substantially more resources to Internet site and systems
development than the Company.

It is possible that new competitors or alliances among competitors may emerge
and rapidly acquire market share. Increased competition may result in reduced
operating margins and/or loss of market share, either of which could materially
adversely affect the Company's business, results of operations and financial
condition. There can be no assurance that the Company will be able to compete
successfully against current or future competitors or alliances of such
competitors, or that competitive pressures faced by the Company will not
materially adversely affect its business, financial condition, operating results
and cash flows.

RISKS OF POTENTIAL GOVERNMENT REGULATION AND OTHER LEGAL UNCERTAINTIES RELATING
TO THE INTERNET

The Company is not currently subject to direct federal, state, or local
regulation in the United States and Canada other than regulations applicable to
businesses generally or directly applicable to electronic commerce. However,
because the Internet is becoming increasingly popular, it is possible that a
number of laws and regulations may be adopted with respect to the Internet.
These laws may cover issues such as user privacy, freedom of expression,
pricing, content, and quality of products and services, taxation, advertising,
intellectual property rights and information security. Furthermore, the growth
of electronic commerce may prompt calls for more stringent consumer protection
laws. The adoption of such consumer protection laws could create uncertainty in
Internet usage and reduce the demand for all products and services.

In addition, the Company is not certain how its business may be affected by the
application of existing laws governing issues such as property ownership,
copyrights, encryption, and other intellectual property issues, taxation, libel,
obscenity, and export or import matters. It is possible that future applications
of these laws to the Company's business could reduce demand for its products and
services or increase the cost of doing business as a result of litigation costs
or increased service delivery costs.

Because the Company's services will likely be available over the Internet in
multiple states, and possibly foreign countries, other jurisdictions may claim
that the Company is required to qualify to do business and pay taxes in each
state or foreign country. The Company's failure to qualify in other
jurisdictions when it is required to do so could subject the Company to
penalties and could restrict the Company's ability to enforce contracts in those
jurisdictions. The application of laws or regulations from jurisdictions whose
laws do not currently apply to the Company's business may have a material
adverse affect on its business, results of operations and financial condition.


INTELLECTUAL PROPERTY RIGHTS

As part of its confidentiality procedures, the Company expects to enter into
nondisclosure and confidentiality agreements with its key employees, and any
consultants and/or business partners and will limit access to and distribution
of its technology, documentation, and other proprietary information.

Despite the Company's efforts to protect any intellectual property rights it may
have, unauthorized third parties, including competitors, may from time to time
copy or reverse-engineer certain portions of the Company's technology and use
such information to create competitive services and/or products.

It is possible that the scope, validity, and/or enforceability of the Company's
intellectual property rights could be challenged by other parties, including
competitors. The results of such challenges before administrative bodies or
courts depend on many factors which cannot be accurately assessed at this time.
Unfavorable decisions by such administrative bodies or courts could have a
negative impact on the Company's intellectual property rights. Any such
challenges, whether with or without merit, could be time consuming, result in
costly litigation and diversion of resources, and cause service or product
delays. If such events should occur, the Company's business, operating results
and financial condition could be materially adversely affected.

                                       11
<PAGE>

RISKS OF TECHNOLOGY TRENDS AND EVOLVING INDUSTRY STANDARDS

The Company's success will depend on its ability to develop Information
Technology solutions that will meet customers' changing requirements. The IT
solutions industry is characterized by rapidly changing technology, evolving
industry standards, and changes in customer need and frequent new service and
product introductions. The Company's future success will depend, in part, on its
ability to effectively use leading edge technologies, to continue to develop its
technological expertise, to enhance its current service, to develop new products
that meet changing customer preferences and to influence and respond to merging
industry standards and other technological changes on a timely and
cost-effective basis.

DEPENDENCE OF LICENSED TECHNOLOGY

The Company may rely on certain technology licensed from third parties, and
there can be no assurance that these third party technology licenses will be
available to the Company on acceptable commercial terms or at all.


ITEM 7.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         The financial statements attached to this Report on Form 10-KSB as
pages F-1 to F-13 are incorporated herein by reference.


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

         In February , 2001 the Company terminated its relationship with Barry
L. Friedman, Certified Public Accountants. The Company engaged Stefanou &
Company, LLP as its independent auditors. In the last two years, there were no
disagreements on matters of accounting and auditing between the Company and
Barry L. Friedman, CPA.


                                    Part III

ITEM 9.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

(a) The following table furnishes the information concerning the Company's
directors and officers as of December 31, 2000. The directors of the Company are
elected every year and serve until their successors are elected and qualify.

Name              Age       Title                                         Term
----              ---       -----                                         ----

Gordon F. Lee     49        President, Secretary, Treasurer, Director     Annual


The following table sets forth the portion of their time the Officers and
Directors devote to the Company:

Gordon Lee        75%

The term of office for each director is one (1) year, or until his/her successor
is elected at the Company's annual meeting and is qualified. The term of office
for each officer of the Company is at the pleasure of the board of directors.

The board of directors does not have a nominating committee. Therefore, the
selection of persons or election to the board of directors was neither
independently made nor negotiated at arm's length.

(b)      Identification of Certain Significant Employees.

Strategic matters and critical decisions are handled by the directors and
executive officers of the Company.

(c)      Family Relationships.              None

(d)      Business Experience.

The following is a brief account of the business experience during the past five
years of each director and executive officer of the Company, including principal
occupations and employment during that period and the name and principal
business of any corporation or other organization in which such occupation and
employment were carried on.

                                       12
<PAGE>

Gordon F. Lee has been the President and sole Director the Company since. March
28, 2000.

From 1991 to March 1998, Mr. Lee served as the President of USA Video
Corporation, one of the first companies to offer video on demand and high
quality digitizing and compression services.

From March 1998 to March 1999, Mr. Lee served as the President of Glass Master
Industries, a company working on the development of a bullet resistant glass
coating technology which was eventually sold off to other companies for
commercial development

From March 1999 to March 2000, Mr. Lee served as President of Bentley
Communications Corp., a Business-to-Business Internet based company focused on
China and other Asian countries. From March 2000 to present, Mr. Lee continues
to serve as Bentley's CEO and Chairman.

Mr. Lee has also in the past five years served on the Board of Directors of
companies such as Laser Vision Inc., Future Media Technologies, and Rose and
Ruby Film Productions.

(e)      Directors Compensation

Directors who are also officers of the Registrant receive no cash compensation
for services as a director.


ITEM 10. EXECUTIVE COMPENSATION

Section 16(a) of the Securities Exchange Act of 1934, as amended (The "Exchange
Act"), requires the Registrant's officers and directors, and persons who own
more than 10% of a registered class of the Registrant's equity securities, to
file reports of ownership and changes in ownership of equity securities of the
Registrant with the Securities and Exchange Commission and NASDAQ. Officers,
directors and greater-than 10% shareholders are required by the Securities and
Exchange Commission regulation to furnish to Registrant with copies of all
Section 16(a) that they file.

Some of the officers and directors of the Company will not devote more than a
portion of their time to the affairs of the Company. There will be occasions
when the time requirements of the Company's business conflict with the demands
of their other business and investment activities. Such conflict may require
that the company attempt to employ additional personnel. There is no assurance
that the services of such persons will be available or that they can be obtained
upon terms favorable to the Company.

EXECUTIVE COMPENSATION

(a)      Cash Compensation.

Compensation paid by the Company for all services provided up to December 31,
2000 to each of its executive officers


                    SUMMARY COMPENSATION TABLE OF EXECUTIVES

                       Annual Compensation               Long Term Compensation
                       -------------------               ----------------------

(a)                    (b)     (c)     (d)      (e)     (f)          (g)

Name and               Year    Salary  Bonus    Other   Restricted   Securities
Principal              ($)     ($)     Annual           Stock        Underlying/
Position                               Compensation     Awards       Options
                                                ($)     ($)          (#)

Gordon Lee             2000    0       0        0       0            0
President, Treasurer
Secretary and Director

(h)      The Company has made no Long Term Compensation payouts (LTIP or other)

                                       13
<PAGE>

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

a) Beneficial owners of five percent (5%) or greater, of the Company's common
stock: No preferred stock is outstanding at the date of this offering. The
following sets forth information with respect to ownership by holders of more
than five percent (5%) of the Registrant's common stock known by the Registrant
based upon 5,100,000 shares outstanding at December 31, 2000.

Title of     Name and Address of                Amount of Beneficial    Percent
Class        Beneficial Owner                   Interest                of Class
-----        ----------------                   --------                --------
Common       Gordon F. Lee                      4,477,000               87.8%
             625 - 9800 South Sepulveda Blvd.
             Los Angeles, CA  90045

Common       Jane Littman                         490,000                9.6%
             7695 SW 104th Street, Suite 210
             Miami, FL  33156

b) The following sets forth information with respect to the Company's common
stock beneficially owned by each Officer and Director, and by all Directors and
Officers as a group, at December 31, 2000.

Title of    Name and Address of                Amount of                Percent
Class       Beneficial Owner                   Beneficial Interest      of Class
-----       ----------------                   -------------------      --------
Common      Gordon F. Lee                      4,477,000                87.8%
            625 - 9800 South Sepulveda Blvd.
            Los Angeles, CA  90045

Total as a group                               4,477,000                87.8%



ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None.

                                       14
<PAGE>

                                     Part IV

ITEM 13. EXHIBITS  AND REPORTS ON FORM 8-K

         (A) Exhibits

         The exhibits listed below are required by Item 601 of Regulation S-K.
Each management contract or compensatory plan or arrangement required to be
filed as an exhibit to this Form 10-K has been identified.

Exhibit
Number            Description of Document
------            -----------------------

3.1 (a)           Articles of Incorporation of the Registrant

3.2 (a)           By-laws of the Registrant

----------------
(a)      Included as an Exhibit to the registration statement on the Company's
         Form 10-QSB dated September 15, 2000


        (B) Reports On Form 8-K.

         The Company did not file any current reports on Form 8-K during the
reporting period.




SIGNATURES

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

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Date:  March 28, 2001                                American IDC Corp.


                                                     /s/ Gordon Lee
                                                     --------------
                                                     Gordon F. Lee
                                                     President

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

/s/ Gordon F. Lee                     Director                   March 28, 2001
------------------
Gordon F. Lee

                                       15
<PAGE>












                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                       FINANCIAL STATEMENTS AND SCHEDULES

                           DECEMBER 31, 2000 AND 1999


                         FORMING A PART OF ANNUAL REPORT
                 PURSUANT TO THE SECURITIES EXCHANGE ACT OF 1934


                               AMERICAN IDC CORP.

<PAGE>

                               AMERICAN IDC CORP.

                          Index to Financial Statements


--------------------------------------------------------------------------------


                                                                            PAGE
                                                                            ----

Report of Independent Certified Public Accountants                           F-3

Balance Sheets at December 31, 2000 and 1999                                 F-4

Statements of Loses for the two years ended December 31, 2000 and 1999
and the period June 3, 1997 (date in inception) to December 31, 2000         F-5

Statement of Deficiency in Stockholders' Equity for the two years ended
December 31, 2000 and 1999  and the period June 3, 1997 (date in inception)
to December 31, 2000                                                         F-6

Statements of Cash Flows for the two years ended December 31, 2000 and 1999
and the period June 3, 1997 (date in inception) to December 31, 2000         F-7

Notes to Financial Statements                                         F-8 - F-13

<PAGE>

                             STEFANOU & COMPANY, LLP
                          CERTIFIED PUBLIC ACCOUNTANTS
                                1360 Beverly Road
                                    Suite 305
                              McLean, VA 22101-3621
                                  703-448-9200
                               703-448-3515 (fax)
                               mclean@stefanou.com
                               -------------------

                                                                Philadelphia, PA
--------------------------------------------------------------------------------

               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
               --------------------------------------------------


Board of Directors
American IDC Corp
Los Angeles, California

         We have audited the accompanying balance sheet of American IDC Corp.
(formerly Future Projects VIII Corp.), (A Development Stage Company) as of
December 31, 2000 and the related statements of losses, deficiency in
stockholders' equity and cash flows for the year then ended and for the period
June 3, 1997 (date of inception) through December 31, 2000. These financial
statements are the responsibility of the company's management. Our
responsibility is to express an opinion on these financial statements based upon
our audits. The financial statements of American IDC Corp as of December 31,
1999 and for the year then ended were audited by other auditors whose report
dated November 9, 2000, expressed an unqualified opinion on those statements.

         We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatements. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe our audit provides a reasonable basis for our opinion.

         In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of American IDC Corp.(
a development stage company) as of December 31, 2000, and the results of its
operations and its cash flows for the year then ended and from June 3, 1997
(date of inception) to December 31, 2000, in conformity with generally accepted
accounting principles.

     The accompanying financial statements have been prepared assuming the
company will continue as a going concern. As discussed in the Note H to the
accompanying financial statements, the company is in the development stage and
has not established a source of revenues. This raises substantial doubt about
the company's ability to continue as a going concern. The financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.

                                             /s/ STEFANOU & COMPANY, LLP
                                             --------------------------------
                                                 Stefanou & Company, LLP
                                                 Certified Public Accountants


McLean, Virginia
March 23, 2001
                                       F-3
<PAGE>
<TABLE>

                               AMERICAN IDC CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                           DECEMBER 31, 2000 AND 1999
<CAPTION>


                                   ASSETS
                                                                        2000           1999
                                                                      ---------      ---------
<S>                                                                   <C>            <C>
Current Assets:                                                       $      -       $      -
                                                                      ---------      ---------
        Total current assets                                                 -              -


                                                                      $      -       $      -
                                                                      =========      =========
LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY
Current liabilities:
        Officers advances (Note B)                                    $  6,510       $    800
                                                                      ---------      ---------
         Total current liabilities                                       6,510            800
Deficiency in Stockholders' Equity (Note C):
Common stock, par value, $.001 per share; 50,000,000 authorized:
5,100,000 issued at December 31, 2000 and 5,000,000 issued at
December 31, 1999                                                        5,100          5,000
Additional paid-in-capital                                               6,900         (3,000)
Deficit accumulated during the development stage                       (18,510)        (2,800)
                                                                      ---------      ---------
      Deficiency in stockholders' equity                                (6,510)          (800)
                                                                      ---------      ---------
                                                                      $      -       $      -
                                                                      =========      =========
</TABLE>

                 See accompanying notes to financial statements

                                       F-4
<PAGE>
<TABLE>

                                         AMERICAN IDC CORP.
                                    (A DEVELOPMENT STAGE COMPANY)
                                         STATEMENT OF LOSSES
<CAPTION>

                                                                                   June 3, 1997( Date
                                       For The Year Ended    For The Year Ended    of Inception) to
                                       December 31, 2000     December 31, 1999     December 31, 2000
                                       -----------------     -----------------     -----------------
<S>                                         <C>                   <C>                   <C>
Expenses:
  General and administrative                $    15,710           $       800           $    18,510
                                            ------------          ------------          ------------
Total costs and expenses                         15,710                   800                18,510
                                            ------------          ------------          ------------
Loss before income taxes                         15,710                   800                18,510
Income (taxes)  benefit                               -                     -                     -
                                            ------------          ------------          ------------
Net Loss                                    $    15,710           $      (800)          $    18,510
                                            ============          ============          ============

Net loss per share (basic and assuming
dilution)                                   $    (.0031)          $   (.00016)          $    (.0036)
                                            ============          ============          ============

Weighted average shares outstanding
Basic                                         5,030,958             5,000,000             5,008,712
Diluted                                       5,030,958             5,000,000             5,008,712

</TABLE>

                           See accompanying notes to financial statements.

                                                 F-5
<PAGE>
<TABLE>

                                              AMERICAN IDS CORP.
                                         (A DEVELOPMENT STAGE COMPANY)
                                STATEMENT OF DEFICIENCY IN STOCKHOLDERS' EQUITY
                  FOR THE PERIOD JUNE 3, 1997 (DATE OF INCEPTION) THROUGH DECEMBER 31, 2000
                  --------------------------------------------------------------------------
<CAPTION>
                                                                                               Deficit
                                                                                             Accumulated
                                                                                              During the
                                                                          Additional Paid    Development
                                            Common Shares      Amount       In Capital          Stage         Total
                                            -------------      ------       ----------          -----         -----
<S>                                           <C>            <C>             <C>             <C>            <C>
Issuance of common stock to Founders in
exchange for services on June 3, 1997 at
$.0004 per share                              5,000,000      $   5,000       $   (3000)      $       -      $   2,000

  Net loss                                            -              -               -          (2,000)        (2,000)
                                              ----------     ----------      ----------      ----------     ----------
Balance December 31, 1997                     5,000,000          5,000          (3,000)         (2,000)             -

  Net loss                                            -              -               -               -              -
                                              ----------     ----------      ----------      ----------     ----------

Balance December 31, 1998                     5,000,000          5,000          (3,000)         (2,000)             -

  Net loss                                            -              -               -            (800)          (800)
                                              ----------     ----------      ----------      ----------     ----------
Balance December 31, 1999                     5,000,000          5,000          (3,000)         (2,800)          (800)

Issuance of common stock to consultants
in exchange for services on September 7,
2000 at $.10 per share                          100,000            100           9,900               -         10,000

Net loss year ended December 31, 2000                 -              -               -         (15,710)       (15,710)
                                              ----------     ----------      ----------      ----------     ----------

Balance at December 31, 2000                  5,100,000      $   5,100       $   6,900       $ (18,510)     $  (6,510)
                                              ==========     ==========      ==========      ==========     ==========
</TABLE>

                                See accompanying notes to financial statements

                                                      F-6
<PAGE>
<TABLE>

                                              AMERICAN IDC CORP.
                                         (A DEVELOPMENT STAGE COMPANY)
                    STATEMENTS OF CASH FLOW FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
                                            AND FROM JUNE 3, 1997
                                 (DATE OF INCEPTION) THROUGH DECEMBER 31, 2000

<CAPTION>

                                                                                           June 3, 1997
                                                                                        (date of inception)
                                                       Year Ended       Year Ended            Through
                                                   December 31, 2000  December 31, 1999   December 31, 2000
                                                   -----------------  -----------------   -----------------
<S>                                                        <C>                <C>                 <C>
Cash Flows from Operations
Net Loss                                                   $(15,710)          $   (800)           $(18,510)
Adjustments to reconcile net loss to net cash
provided by operating activities:
  Common stock issued in connection with services
  rendered                                                   10,000                  -              12,000
                                                           ---------          ---------           ---------
Cash used in operating activities                            (5,710)              (800)             (6,510)
Cash flows from financing activities
Advance from officer                                          5,710                800               6,510
                                                           ---------          ---------           ---------
Net cash provided by financing activities                     5,710                800               6,510
Net increase (decrease) in cash and cash
equivalents                                                       -                  -                   -
Cash at Beginning of Period                                       -                  -                   -
                                                           ---------          ---------           ---------
Cash at End of Period                                      $      -           $      -            $      -
                                                           =========          =========           =========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid during the period for:
Interest                                                   $      -           $      -            $      -
Taxes                                                             -                  -                   -
Common stock issued in connection with services
rendered                                                     10,000                  -              12,000
</TABLE>

                                See accompanying notes to financial statements

                                                      F-7
<PAGE>

                               AMERICAN IDC CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE A - SUMMARY OF ACCOUNTING POLICIES

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

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

On June 3, 1997,American IDC Corp. (formerly Future Projects VIII Corp.)
("Company") was incorporated under the laws of the State of Florida. The Company
is in the development stage, as defined by Statement of Financial Accounting
Standards No. 7 ("SFAS No. 7") and its efforts have been principally devoted to
developing an Internet Data Center business. To date, the Company has generated
no sales revenues, has incurred expenses and has sustained losses. Consequently,
its operations are subject to all the risks inherent in the establishment of a
new business enterprise. For the period from inception through December 31,
2000, the Company has accumulated losses of $ 18,510.

Estimates
---------

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

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

The Company will follow a policy of recognizing income as revenue in the period
the services are provided and the products shipped.

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

For the purpose of the accompanying financial statements, all highly liquid
investments with a maturity of three months or less are considered to be cash
equivalents.

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

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

                                       F-8
<PAGE>

                               AMERICAN IDC CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE A - SUMMARY OF ACCOUNTING POLICIES  (CONTINUED)

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

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

Intangible Assets
-----------------

Organization costs incurred after December 31, 1999 have been expensed as
incurred in accordance with AICPA Statement of Position 98-5.

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

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

Segment Information
-------------------

The Company has adopted Statement of Financial Accounting Standards No. 131,
Disclosures about Segments of an Enterprise and Related Information ("SFAS 131")
in the year ended December 31, 1999. SFAS establishes standards for reporting
information regarding operating segments in annual financial statements and
requires selected information for those segments to be presented in interim
financial reports issued to stockholders. SFAS 131 also establishes standards
for related disclosures about products and services and geographic areas.
Operating segments are identified as components of an enterprise about which
separate discrete financial information is available for evaluation by the chief
operating decision maker, or decision making group, in making decisions how to
allocate resources and assess performance.

Net Loss Per Share
------------------

The Company has adopted Statement of Financial Accounting Standard No. 128,
"Earnings Per Share," specifying the computation, presentation and disclosure
requirements of earnings per share information. Basic earnings per share has
been calculated based upon the weighted average number of common shares
outstanding. Stock options and warrant's have been excluded as common stock
equivalents in the diluted earnings per share because they are either
antidilutive, or their effect is not material. There is no effect on earnings
per share information for the year ended December 31, 1999 relating to the
adoption of this standard.

                                       F-9
<PAGE>

                               AMERICAN IDC CORP..
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE A - SUMMARY OF ACCOUNTING POLICIES  (continued)

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

The Company accounts for stock transactions in accordance with APB Opinion 25,
"Accounting for Stock Issued to Employees." In accordance with statement of
Financial Accounting Standards No. 123, "Accounting for Stock Based
Compensation," The company has adopted the proforma disclosure requirements.

Liquidity
---------

As shown in the accompanying financial statements, the Company incurred a net
loss of $ 15,710 during the year ended December 31, 2000 and $ 800 during the
year ended December 31, 1999. The Company has no assets and has current
liabilities of $ 6,510 as of December 31, 2000.

Concentrations of Credit Risk
-----------------------------

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

Research and Development
------------------------

Company-sponsored research and development costs related to both present and
future products will be expended in the period incurred.

Advertising
-----------

The Company will follow a policy of charging the costs of advertising to
expenses incurred. The Company did not incur any advertising costs during the
years ended December 31, 2000 and 1999.

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

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

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

                                      F-10
<PAGE>

                               AMERICAN IDC CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE A - SUMMARY OF ACCOUNTING POLICIES  (continued)

requirements as set forth in this new pronouncement, and therefore believes that
adoption will not have a material effect on financial condition or operating
results.

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

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

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


NOTE B  -  RELATED PARTY TRANSACTIONS

The Company's President and principal shareholder has advanced $6,510 and $ 800
to the Company as of December 31, 2000 and 1999, respectively. No formal
agreements or repayment terms exist.

NOTE C -  CAPITAL STOCK

The Company is authorized to issue 50,000,000 shares of common stock , with a
par value of $.001 per share. On June 3, 1997, the Company issued 5,000,000
shares of common stock to its founders for services and expenses in connection
with services provided and expenses incurred in forming the Company. On
September 7, 2000, the Company issued 100,000 shares to outside consultants in
connection with professional services rendered on behalf of the Company . The
shares were valued based upon the fair value of the services received.

                                      F-11
<PAGE>

                               AMERICAN IDC CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE D - INCOME TAXES

The Company has adopted Financial Accounting Standard number 109 which requires
the recognition of deferred tax liabilities and assets for the expected future
tax consequences of events that have been included in the financial statement or
tax returns. Under this method, deferred tax liabilities and assets are
determined based on the difference between financial statements and tax bases of
assets and liabilities using enacted tax rates in effect for the year in which
the differences are expected to reverse. Temporary differences between taxable
income reported for financial reporting purposes and income tax purposes are
insignificant.

At December 31, 2000, the Company has available for federal income tax purposes
an approximate net operating loss carryforward of $18,510, expiring the year
2020, that may be used to offset future taxable income. The company has provided
a valuation reserve against the full amount of the net operating loss benefit,
since in the opinion of management based upon the earnings history of the
company, it is more likely than not that the benefits will not be realized. Due
to significant changes in the companies ownership, the companies future use of
its existing net operating losses may be limited.

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

         Non current:
         Net operating loss carryforward       $    2,750
         Valuation allowance                       (2,750)
                                               -----------
         Net deferred tax asset                $        0
                                               ===========


NOTE G - LOSSES PER SHARE

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

                                                      2000               1999
                                                      ----               ----

Loss available for common shareholders            $   15,710         $      800
                                                  ===========        ===========
Basic and fully diluted loss per share                (.0031)           (.00016)
                                                  ===========        ===========
Weighted average common shares outstanding         5,030,958          5,000,000
                                                  ===========        ===========

Net loss per share is based upon the weighted average of shares of common stock
outstanding

NOTE H - GOING CONCERN

The accompanying financial statements have been prepared on a going concern
basis, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business. As shown in the accompanying
financial statements during the period June 3, 1997 through December 31, 2000,
the Company has incurred a loss of $ 18,510. In addition, the Company has a
deficiency in stockholder's equity of $ 6,510. These factors among others may
indicate that the Company will be unable to continue as a going concern for a
reasonable period of time.

                                      F-12
<PAGE>

                               AMERICAN IDC CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE H - GOING CONCERN  (CONTINUED)

The Company's existence is dependent upon management's ability to develop
profitable operations. Management is devoting substantially all of its efforts
to establishing its Internet Data Center business and there can be no assurance
that Company's efforts will be successful. However, the planned principal
operations have not commenced and no assurance can be given that management's
actions will result in profitable operations or the resolution of its liquidity
problems. The accompanying statements do not include any adjustments that might
result should the Company be unable to continue as a going concern.

In order to improve the Company's liquidity, the Company is actively pursing
additional equity financing through discussions with investment bankers and
private investors. There can be no assurance the Company will be successful in
its effort to secure additional equity financing.

                                      F-13