SECURITIES  AND  EXCHANGE  COMMISSION

WASHINGTON,  D.C.  20549



FORM  10-KSB/A

Amendment No. 1



(X)      Annual  Report Under Section 13 or 15(d) of the Securities Exchange Act

of  1934



For  the  Fiscal  Year  Ended  June  30,  2001



( )      Transaction Report Under Section 13 or 15(d) of Securities Exchange Act

of  1934

For  the  transition  period  from  ______  to  ______



Commission  File  Number:  2-78287-NY



VIROPRO, INC.

(Exact  Name  of  Small  Business  Registrant  as  Specified  in  its  Charter)



NEVADA                                       65-0645502

(State  or  other  jurisdiction  of               (IRS  Employer  Identification

Incorporation  or  Organization)                         Number)



3163  Kennedy  Boulevard,  Jersey  City,  New  Jersey  07306

(Address  of  Principal  Executive  Offices)



Registrant's  Telephone  Number: 201-217-4137



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



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



Common  Stock,  $.001  par  value.



Indicate  by  check  mark whether the Registrant (1) has filed all documents and

reports  to  be  filed  by Section 13 or 15(d) of the Securities Exchange Act of

1934  during  the past 12 months (or 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  ( )        No  (X)



Indicate  by  check  mark if no disclosure of delinquent filers pursuant to Item

405  of  Regulation  S-B  is  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  Registrant's  revenues  for  its  most  recent  fiscal  year:     $0



State  the  aggregate  market  value  of the voting stock held by non-affiliates

computed  by  reference to the price at which the stock was sold, or the average

bid  and  asked  prices  of  such  stock,  as  of  June 30, 2001: $73,247



APPLICABLE  ONLY  TO  CORPORATE  REGISTRANTS



The  number of shares outstanding of the Registrant's sole class of Common Stock

as  of  June 30,  2001  was  7,324,749.



DOCUMENTS  INCORPORATED  BY  REFERENCE:  See  PART  III,  Item  13



Transitional  Small Business Disclosure Format (check one):     Yes ( )  No  (X)



<PAGE>  1

FORWARD-LOOKING  STATEMENTS



This  Report  on  Form 10-KSB contains certain forward-looking statements. These

forward  looking  statements  include  statements  regarding  (i)  research  and

development  plans,  marketing  plans,  capital and operations expenditures, and

results  of  operations;  (ii) potential financing arrangements; (iii) potential

utility  and  acceptance of the Registrant's existing and proposed products; and

(iv)  the  need  for,  and  availability  of,  additional  financing.



The forward-looking statements included herein are based on current expectations

and  involve  a  number  of  risks   and  uncertainties.  These  forward-looking

statements  are  based  on  assumptions  regarding  the  business of Interactive

Multimedia  Network, Inc., the ("Company"), which involve judgments with respect

to,  among  other  things, future economic and competitive conditions and future

business  decisions,  all  of  which  are  difficult  or  impossible  to predict

accurately and many of which are beyond the control of the Company. Although the

Company  believes that the assumptions underlying the forward looking statements

are  reasonable,  any  of the assumptions could prove inaccurate and, therefore,

actual results may differ materially from those set forth in the forward-looking

statements.



























(This  space  left  intentionally  blank.)

























































<PAGE>  2

VIROPRO,  INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



TABLE  OF  CONTENTS



PART  I                                                               PAGE



ITEM  1.     DESCRIPTION  OF  BUSINESS                                      4

ITEM  2.     DESCRIPTION  OF  PROPERTY                                      5

ITEM  3.     LEGAL  PROCEEDINGS                                             5

ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS    5



PART  II



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

STOCKHOLDER  MATTERS                                           5



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

AND  RESULTS  OF  OPERATION                                    6



ITEM  7.     FINANCIAL  STATEMENTS                                          8



ITEM  8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING

AND  FINANCIAL  DISCLOSURE                                     18





PART  III





ITEM  9.     DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT       18



ITEM  10.    EXECUTIVE  COMPENSATION                                        20



ITEM  11.    SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS

AND  MANAGEMENT                                                20



ITEM  12.    CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS             20



PART  IV





ITEM  13.    EXHIBITS,  FINANCIAL  STATEMENT  SCHEDULES,  AND  REPORTS

ON  FORM  8-K                                                  21



SIGNATURES                                                                  22

































<PAGE>  3

VIROPRO, INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



PART  I



Item  1.  Description  of  Business



Background



During  the  nine  months  ended  March  31, 1998 the Company conducted its

business  as  Food  Concepts, Inc.  Its primary business activity was retail and

wholesale  sales of gourmet and specialty coffees.  Food Concepts was a roaster,

packer  and  seller  of  roasted  coffees and produced over 70 flavored coffees.



On  March 31, 1998, the Company divested itself of its coffee operations by

spinning  off  this  business operation  to  It's Coffee Lovers, Inc.,  a Nevada

corporation. On this same date, the Company acquired Insecta Sales and Research,

Inc.  Effective  with  this acquisition the Company changed its name to Viropro,

Inc.  Also  on  this date, the entire management of the Company changed with the

resignations of Herb and Francis Glaubman and the appointment of Donald Grummer,

as  President;  and  Pat  Quinlan as Vice President.



From  March 31, 1998 through the fiscal year ended June 30, 2001, Viropro's

sole  operational  division is Insecta Sales and Research, Inc., which markets a

line  of  insecticide  products  under  the  brand  name  Insecta. The change in

business  focus manifested through the acquisition of Insecta allows the Company

to  effectively  develop  and  aggressively  market high quality, preemptive and

efficacious  insect  control  products  which  are  marketed  to  consumers  and

industrial  users  and  insect  control  professionals.



Viropro,  owns  the  EPA  registered proprietary insecticide coating system

(EPA  registration  numbers  45600-1  through  18.)



The Company has received notification from the EPA (Environmental Protection

Agency) that the active ingredient in the  Companys products will be  no longer

available for sale for consumer or professional use effective December 2001. The

Company will have until this date  to sell its inventory of  products containing

this  ingredient.   The  Company  is  actively  seeking  a   replacement  active

ingredient.  There can be no assurances that the Company will be able to  locate

such a replacement or that such replacement if found will have the same level of

efficacy, consumer or EPA acceptance or level of profitability.



The Company has written off its inventory and  has substantially  curtailed

its  operations.  The Company is cognizant of  the  fact  that  it  will in  all

likelihood be unable to find a replacement active  ingredient to use with in its

Insecta brand products.  It is therefore  actively looking for revenue producing

acquisition  targets  in  diverse  business  areas  in  an  effort to  provide a

potential of continued shareholder value.



No potential acquisition targets have been found as of this date and  there

can be no guarantees that a suitable company can be found.





















<PAGE>  4

VIROPRO, INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



Employees



The Company has no employees.



Item  2.  Description  of  Property



The Company presently maintains its corporate offices in a 1,000 square foot

location in Jersey City, New Jersey.  The term of the lease the  Corporate space

is month to month.  Management believes that  these facilities  provide adequate

space for  its operations  and  that  should the need  arise it would be able to

lease additional or replacement space.



Item  3.  Legal  Proceedings



The  Company  is  not  a  party  to  any  legal  proceeding.



Item  4.  Submission  of  Matters  to  Vote  of  Security  Holders



No  matter  was  submitted  to a vote of security holders during the fourth

quarter  of  fiscal  year  2001.



Part  II



Item  5.  Market  for  Common  Equity  and  Related  Stockholder  Matters



The  Company's  Common  Stock  is  traded  on  the  Pink  Sheets  under the

symbol  "VROP".



On  October  25,  1995 Granite, Ltd. the predecessor of Food Concepts, Inc.

acquired  all  of  the  outstanding  stock  of Savon Coffee, Inc. for 20,000,000

shares  of  Granite common stock $.0001 par value which was subsequently reverse

split  one  for  ten  leaving  2,000,000  shares  $.001  par  value  which  then

constituted  approximately  85.6 percent of the corporation. Granite reserved or

issued  outstanding securities in consideration for the conveyance of all shares

of  Savon  stock which then constituted 100 percent of Savon's authorized issued

and  outstanding  securities.  In  conjunction  therewith  the   Certificate  of

Incorporation  of  Granite  was amended affecting a one for ten reverse split of

the corporations common stock $.0001 par value (converting the 50,000,000 shares

then  authorized  into 5,000,000 shares, $.001 par value, and the 3,327,300 then

outstanding  into  332,700  shares, $.0001 par value, followed by an increase in

the resulting authorized capitalization of Granite from 5,000,000 shares, $.0001

par  value  to  20,000,000, $0001 par value.  Subsequent thereto the name of the

Company  was  changed  from  Granite,  Ltd.  to  Savon  Coffee,  Inc.  a  Nevada

corporation  and  said Savon subsequently had its name changed to Food Concepts,

Inc.  a  Nevada  corporation  on  March  26, 1996.  Effective March 31, 1998 the

Company  changed  its  name to  Viropro, Inc.  The common stock is traded in the

pink sheets.  There is no other established market for the Company's securities.



The following table sets forth the range  of  high  and low bid  prices for  the

Company's common stock as quoted by the pink sheets.  These quotations set forth

below represent  prices between dealers in  securities and do not reflect retail

markups,  markdowns,  or  commissions  and do not necessarily  represent  actual

transactions.











<PAGE>  5

VIROPRO, INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



SHARES  OVER  THE  COUNTER



LOW               HIGH

QUARTER  ENDING                         BID               BID

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

June 30, 1999                             $0.04              $0.065

September 30, 1999                        $0.02              $0.035

December 31, 1999                         $0.01              $0.02

March 31, 2000                            $0.05              $0.075

June 30, 2000                             $0.01              $0.04

September 30, 2000                        $0.01              $0.01

December 31, 2000                         $0.01              $0.01

March 31, 2001                            $0.01              $0.01

June 30, 2001                             $0.01              $0.01



As  of June 30, 2001 there were in excess of 540 shareholders (based on the

number  of  shareholders  of  record  and  an  approximation  of  the  number of

beneficial  owners  of common  stock).  Holders of  common stock are entitled to

dividends  when,  as,  and  if  declared  by the Board of Directors out of funds

legally available therefore.  The Company has not paid any cash dividends on its

common  stock and, for the immediate future, intends to retain earnings, if any,

to  finance  development and expansion of its business.  Future dividends policy

is  subject  to  the  discretion  of  the  Board  of  Directors.



In  general,  under  Rule  144,  as  currently  in  effect,  subject  to the

satisfaction  of  certain  other conditions, a person, including an affiliate of

the  Company  (in  general,  a  person  who  has a control relationship with the

Company) who has owned restricted securities of common stock beneficially for at

least  one  year is entitled to sell, within any three-month period, that number

of  shares  of a class of securities that does not exceed the greater of (i) one

percent  (1%)  of the  shares  of that class then outstanding or, if  the common

stock is quoted on NASDAQ,  (ii) the average weekly trading volume of that class

during the four calendar  weeks  preceding  such sale. A person who has not been

an affiliate of the Company for at least the three months immediately  preceding

the sale and has beneficially owned shares of common stock for at  least two (2)

years is entitled to  sell  such shares under  Rule 144 without regard to any of

the  limitations  described  above.





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



The  following  discussion  and analysis should be read in conjunction with

the  Financial  Statements  appearing  elsewhere  in  this  report.































<PAGE>  6

VIROPRO, INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



RESULTS  OF  OPERATIONS



TWELVE  MONTHS  ENDED  JUNE  30,  2001  AND  2000



During  the  twelve  month  period  ending June 31, 2001, the Company incurred a

loss  of $58,320,  compared to a  loss of $74,510 for the same period ended June

30,  2000.  The  decrease  in loss was  primarily due to  decreases in  selling,

general and administrative expenses.



REVENUES

During the twelve month period ending June 30, 2001, the Company's revenues were

zero  dollars  compared to  $80,955 for the  same period  ended  June 30,  2000.

Revenue from sales  activities are  recognized when  the  product  is shipped to

the client.  Revenue is totally dependant on the  Company's ability  to sell and

distribute its products.



The  Company  received  notification  from  the  EPA  (Environmental  Protection

Agency) that the active ingredient in the  Companys products will be  no longer

available for sale for consumer or professional use effective December 2001.  In

voluntary cooperation with the ruling,  the company  elected to cease new  sales

after receipt of the notification and  therefore generated no revenue during the

year ended June 30, 2001.



OPERATING  EXPENSES



During the twelve months ended June 30, 2001, the Company incurred  zero dollars

in operating expenses as compared to $52,219  in  the same period in 2000.  This

decrease  reflects  the  cessation of sales due to the EPA ruling.



MATERIAL  CHANGES  IN  FINANCIAL  CONDITION,  LIQUIDITY  AND  CAPITAL  RESOURCES



At June 30, 2001, as well as at June 30, 2000, the Company had no cash  and cash

equivalents.  Company operations are not generating sufficient cash  to maintain

operations.  The Company's cash resources were determined entirely on the volume

of  sales  and  services  generated.   The  Company reviewed  all  non-essential

activities and expenditures and  aggressively curtailed these items to assist in

reducing  the cash  used in operating  activities.  To cover  expenditures,  the

Company  borrowed  $583,200  from a  shareholder.  This  loan  is a demand  note

bearing a 10% interest rate.



The Company  has  written  off  its inventory  and  has substantially  curtailed

its  operations.  The Company is cognizant of  the  fact  that  it  will in  all

likelihood be unable to find a replacement active  ingredient to use with in its

Insecta brand products.  It is therefore  actively looking for revenue producing

acquisition  targets  in  diverse  business  areas  in  an  effort to  provide a

potential for continued shareholder value.



No potential acquisition targets have been found as of this date and  there  can

be no guarantees that a suitable company can be found.



















<PAGE>  7

VIROPRO, INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



Item  7.  Financial  Statements





























VIROPRO, INC. AND ITS WHOLLY-OWNED SUBSIDIARY



CONSOLIDATED FINANCIAL STATEMENTS



JUNE 30, 2001 AND 2000



























VIROPRO, INC.



TABLE OF CONTENTS





PAGE





Report of Certified Public Accountants

on the Financial Statements                                          1



Financial Statements



Consolidated Balance Sheet                                          2

Consolidated Statement of Operations                                3

Consolidated Statement of Shareholders' Equity (Deficiency)         4

Consolidated Statement of Cash Flows                                5

Notes to Consolidated Financial Statements                        6-9















<page> 8

BAUM & COMPANY, P.A.

Certified Public Accountants

1515 University Drive - Suite 209

Coral Springs, Florida  33071

(954) 752-1712



INDEPENDENT AUDITORS' REPORT





To the Stockholders

Viropro, Inc.

Jersey City, New Jersey



We have  audited the accompanying consolidated balance sheet of Viropro, Inc. and

its wholly-owned  subsidiary  as  of  June  30, 2001 and the related consolidated

statements of operations, stockholders' equity  (deficiency)  and  cash flows for

the years ended June 30, 2001 and 2000.  These consolidated financial  statements

are  the  responsibility of the Company's management.  Our responsibility  is  to

express an opinion on these consolidated financial statements based on our audit.



We conducted our audits 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

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 audit provides a reasonable basis for our opinion.



In  our  opinion,  the  financial  statements  present  fairly   in  all material

respects, the financial position of Viropro, Inc. and its wholly-owned subsidiary

as  of  June 30, 2001  and the results of its operations and cash flows  for  the

years ended  June  30,  2001  and  2000  in conformity with accounting principles

generally accepted in the United States of America.



The  accompanying  financial statements have  been  prepared  assuming  that  the

Company will continue as a going concern.  As discussed in Note 2, the Company is

experiencing difficulty  in generating sufficient cash flow to meet its necessary

capital requirements and sustain  its  operations, which raises substantial doubt

about its 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/ BAUM & COMPANY, P.A.



Coral Springs, Florida

March 25, 2002, except for Note 7 and 8

as to which the date is November 8, 2002





























<page> 9

VIROPRO, INC. AND ITS WHOLLY-OWNED SUBSIDIARY

CONSOLIDATED BALANCE SHEET

JUNE 30, 2001



ASSETS







Current Assets

Cash                                          $         -0-

Total current assets                                   -0-

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

Total Assets                               $         -0-

===============



LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIENCY)



Current Liabilities

Accounts payable and accrued expenses         $    390,811

Accrued interest - related party                   180,686

Note payable - related party                       583,200

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

Total current liabilities                       974,011

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

Total Liabilities                               974,011

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



Shareholders' Equity

Common stock - $.001 par value; authorized

50,000,000; issued and outstanding

7,474,749 shares                                    7,475

Additional Paid-In-Capital                       1,102,584

Accumulated Deficit                             (2,084,070)

Total Shareholders' Equity (Deficiency)           (974,011)

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

Total Liabilities & Shareholders'

Equity (Deficiency)                         $        - 0 -

===============













































See accompanying notes to consolidated financial statements.



<page> 10

VIROPRO, INC. AND ITS WHOLLY-OWNED SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED JUNE 30, 2001 and 2000







2001             2000

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

Sales (net)                               $           -0-  $       80,955

Cost of sales                                         -0-          44,926

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

Gross profit                                          -0-          36,029

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

Operating Expenses:



Selling, general and administrative               -0-           52,219

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



Income (loss) before other income and

expense                                           -0-          (16,190)



Other income and expense

Interest expense - related party              (58,320)         (58,320)

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

Total other income and expense              (58,320)         (58,320)

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

Net Loss before provision for income

taxes                                   $      (58,320)  $      (74,510)



Provision for income taxes                            -0-              -0-

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

Net loss                                  $      (58,320)  $      (74,510)

===============  ===============





Income (loss) per common share            $         (.01)  $         (.01)

===============  ===============





Weighted average common shares outstanding     7,474,749        7,474,749

===============  ===============







































See accompanying notes to consolidated financial statements.



<page> 11

VIROPRO, INC. AND ITS WHOLLY-OWNED SUBSIDIARY

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (DEFICIENCY)

FOR THE YEARS ENDED JUNE 30, 2001 AND JUNE 30, 2000







ADDITIONAL

COMMON STOCK         PAID IN       ACCUMULATED

Shares        Amount        CAPITAL       DEFICIT

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

Balance - June 30, 1999      7,474,749  $     7,475   $ 1,102,584   $(1,951,240)



Net loss - June 30, 2000                                                (74,510)

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

Balance - June 30, 2000      7,474,749  $     7,475   $ 1,102,584   $(2,025,750)



Net loss - June 30, 2001                                                (58,320)

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

Balance - June 30, 2001      7,474,749  $     7,475   $ 1,102,584   $(2,084,070)

============  ============  ============  ============

















































































See accompanying notes to consolidated financial statements.



<page> 12

VIROPRO, INC. AND ITS WHOLLY-OWNED SUBSIDIARY

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEARS ENDED JUNE 30, 2001 and 2000



2001              2000

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

Cash Flows From Operations:

Net Loss                                     $      (58,320)  $      (74,510)

Adjustments to Reconcile Net Income To Net

Cash Used for Operating Activities:

Changes in Assets and Liabilities:

Decrease in accounts receivable                      -0-          10,117

Decrease in inventory                                -0-          32,122

Increase in accrued interest - related

party                                          58,320           32,058

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

Net Cash Used in Operations                                -0-            (213)

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



Net Increase (Decrease) in Cash                            -0-            (213)



Cash  - Beginning of Period                                -0-             213

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

Cash  - End of Period                          $           -0-  $           -0-

===============  ===============





Supplemental Cash Flow Information:

Interest Expense Paid                  $           -0-  $           -0-

Interest Taxes Paid                    $           -0-  $           -0-





























































See accompanying notes to consolidated financial statements.



<page> 13

VIROPRO, INC.AND ITS WHOLLY-OWNED SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2001 AND 2000



NOTE 1 - BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



A.   Business Description and Activity



Viropro, Inc. (fka Food Concepts, Inc.) was organized under the laws of

the State of Nevada on June 16, 1982.  On October  27, 1995 the Company

reorganized  and  acquired  Savon  Coffee,  Inc.  as  a  wholly   owned

subsidiary.   On  January  1,  1996,  the  Company  acquired Palm Beach

Gourmet Coffee, Inc. as a wholly owned subsidiary.  On  March  31, 1998

the  Company  divested  itself  of  its coffee operations.  It acquired

Insecta Sales and Research, Inc. as a  wholly  owned  subsidiary.   The

principal  business  of  the  Company  which  had  been  the  wholesale

distribution of various insecticides, has shut down.



B.   Significant Accounting Policies



Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers cash

and  highly  liquid  securities  (consisting  primarily of money-market

investments) with an original maturity or redemptions  options of three

months or less to be cash and equivalents.



Concentration of Credit Risk

Financial  instruments that potentially subject the Company  to  credit

risk consist principally of trade receivables.  Trade receivables terms

are generally  30  days.   The  Company  performs  services and extends

credit  based  on  an evaluation of the customers' financial  condition

without requiring collateral.   Exposure  to  losses  on receivables is

expected  to  vary by customer due to the financial condition  of  each

customer.  The Company monitors exposure to credit losses and maintains

allowances  for  anticipated  losses  considered  necessary  under  the

circumstances.



Use of Estimates

The preparation  of  financial  statements in conformity with generally

accepted accounting principles requires  management  to  make estimates

and  assumptions  that  affect  the  reported  amounts  of  assets  and

liabilities and disclosure of contingent assets and liabilities  at the

date  of  the financial statements and the reported amounts of revenues

and expenses  during the reporting period.  Actual results could differ

from those estimates.



Income Taxes

The Company accounts  for  income  taxes  under  the  liability  method

according  to  Statement  of  Financial  Accounting  Standards No. 109.

Deferred  tax  assets  and  liabilities are recognized for  future  tax

consequences  attributable  to   differences   between   the  financial

statements  carrying  amounts  of  existing assets and liabilities  and

their respective tax base.  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.













<page> 14

VIROPRO, INC.AND ITS WHOLLY-OWNED SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2001 AND 2000



NOTE 1 - BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)





Revenue Recognition

Revenue from product sales  is recognized by the Company when title and

risk of loss passes to the distributor,  which  generally  occurs  upon

shipment  from  the  manufacturing  facilities  or  third party storage

facilities.



Advertising

Advertising is expenses as incurred and is included in selling, general

and administrative expenses.



Net Loss Per Share

The  Company  applies Statement of Financial Accounting  Standards  No.

128, "Earnings  Per Share" (FAS 128).  Net losses per share is computed

by dividing the net  loss   by  the  weighted  average number of common

shares  outstanding  during  the reported periods.   Outstanding  stock

equivalents were not considered  in  the  calculation  as  their effort

would have been anti-dilutive.



Segment Reporting

During  1998, the Company adopted Financial Accounting Standards  Board

("FASB") statement No. 131, "Disclosure about Segments of an Enterprise

and Related  Information".   The  Company has considered its operations

and has determined that it operates  in  a single operating segment for

purposes   of   presenting   financial   information   and   evaluating

performance.   As such, the accompanying financial  statements  present

information  in  a   format  that  is  consistent  with  the  financial

information used by management for internal use.



Fair Value of Financial Instruments

The carrying values of  cash  and  equivalents, accounts receivable and

notes  receivable  approximate  their fair  values  due  to  the  short

maturity of these instruments.



The fair value of the notes payable  is  determined  by calculating the

present  value  of  the  note by a current market rate of  interest  as

compared to the stated rate  of  interest.  The difference between fair

value and the carrying values is not deemed to be significant.



Comprehensive Income

The items affecting comprehensive  income  are  not  materials  to  the

financial statements and, accordingly, are not presented herein.



NOTE 2 - GOING CONCERN



The  accompanying financial statements have been prepared in conformity

with  generally   accepted  accounting  principles,  which  contemplate

continuation of the  Company  as  a  going  concern.   The  Company has

sustained  substantial  operating  losses and negative cash flows  from

operations since inception.  In the  absence  of  achieving  profitable

operations  and  positive  cash  flows  from  operations  or  obtaining

additional  debt  or  equity financing, the Company may have difficulty

meeting current obligations.







<page> 15

VIROPRO, INC.AND ITS WHOLLY-OWNED SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2001 AND 2000





NOTE 2 -GOING CONCERN - ( continued )



In view of these matters, realization of a major portion of the assets

in  the  accompanying  balance  sheet  is  dependent   upon  continued

operations of the  Company,  which  in  turn  is  dependent  upon  the

Company's  ability  to  meet  its  financial  obligations.  Management

believes  that  actions  presently  being taken,  as described  in the

preceding  paragraph,  provide  the  opportunity  for  the Company  to

continue as a going concern.





NOTE 3 - EQUITY



In  prior  years  the  company issued  common stock for  acquisitions,

subsequently ceased, and divested former operations. The net aggregate

impact   of  these  activities   is  reflected  in  the  statement  of

stockholders equity.



NOTE 4 -INCOME TAXES



The components of the income  tax  benefit  for the year ended June 30,

2001 were as follows:



Current Benefit

Federal                              $              -

State                                               -



Deferred Benefit

Federal                              $          525,431

State                                            84,721

Valuation Allowance                               (610,152)

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

Income Tax Benefit                       $               -0-

===================



At  June  30,  2001, the Company had deferred tax  assets  of  $610,152

principally comprised of net operating losses. The deferred tax  assets

were offset  by a valuation allowance in the same amount.  Deferred tax

assets,  net  of a valuation allowance, are  recorded  when  management

believes it is more likely than not that tax benefits will be realized.



The Company has net operating loss carryforwards totaling approximately

$2,084,000 expiring in 2016.





























<page> 16

VIROPRO, INC.AND ITS WHOLLY-OWNED SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2001 AND 2000



NOTE 5 - RELATED PARTY TRANSACTIONS



Between September  1997  through  June 1999, the Company borrowed funds

under  notes payable aggregating $583,200  from  Jade  Investments,  as

major shareholder  controlled  entity,  with interest at 10%. The notes

are payable on demand.  Interest of $ 180,686  has been accrued at June

30, 2001.  No payments have been made.



NOTE 6 - NEW ACCOUNTING STANDARDS



"In July  2001,  the  FASB  issued  SFAS  No.  142,  Goodwill and Other

Intangible  Assets,  ("SFAS 142") which is effective for  fiscal  years

beginning after December  15,  2001.   SFAS  142, requires, among other

things, the discontinuance of goodwill amortization.   In addition, the

standard includes provisions upon adoption for the reclassification  of

certain  existing  recognized  intangibles, reclassification of certain

intangibles out of previously reported  goodwill  and  the  testing  of

impairment  of  existing  goodwill  and  other intangible.  The company

believes that the adoption of SFAS 142  will not have a material impact

on the Company's financial position and results of operations."



In  August  2001,  the  FASB  issued SFAS 143,  "Accounting  for  Asset

retirement Obligations".  SFAS  143 relates to accounting and reporting

for obligations associated  with  the retirement of tangible long lived

assets and the related retirement costs.    The  company  believes that

the  adoption  of  SFAS  143   will  not have a material impact on  the

Company's financial position and results of operations.



In  October  2001, the FASB issued SFAS  No.  144-Accounting  for   the

Impairment or  Disposal  of  Long Lived Assets, (effective December 15,

2002) which replaces SFAS No 12.  Accounting for the Impairment of Long

Lived Assets and for Long Lived Assets to be Disposed Of.  SFAS No. 144

corrects  previous  issues  and  broadens   reporting  of  discontinued

operations.  Management  does not believe that  the  adoption  of  this

standard  will have a material  effect  on  the  company's  results  of

operations or financial position.



NOTE 7 - SUBSEQUENT EVENTS



On October  16, 2002, the Company assigned all of its rights, title and

interests of its wholly-owned subsidiary Insecta Sales & Research, Inc.

to Prime Time  Insects,  Inc.  (  A  Bahamian  Corporation ) owned by a

related party.  In consideration for these assets  and  the  use of the

"Insecta" name and abandoned EPA registration, "Prime Time" will assume

in its entirety the accounts payable of $ 210,125 of  Insecta  Sales  &

Research, Inc.



NOTE 8 - REISSUED AUDITORS' REPORT



In  order  to  address of the issue of the auditors inability to verify

the outstanding  trade  payable  of  its  subsidiary  Insecta  Sales  &

Research,  Inc.,  the  Company  directed its legal counsel to perform a

judgement  and lien search and found  there  exists  no  legal  filings

against the  Parent Company, Viropro, Inc. In addition, the Company has

disposed of its   wholly-owned  subsidiary  Insecta  Sales  & Research,

Inc.on October 16, 2002 which included the assumption of  $ 210,125  of

accounts  payable.  As  a  result,  the  scope limitation has ceased in

regards to accounts payable.

<page> 17

VIROPRO,  INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



Item  8.  Changes  in  and  Disagreements  with  Accountants  on  Accounting and

Financial  Disclosure



The Company's present Auditor, Baum & Company, P.A., has conducted the Company's

audits for the fiscal years ended June 30, 2001  and 2000.  There have  been  no

changes  in  or disagreements  with the Company's  accountants during the period

covered by this  annual  report,  except as noted  in the amended  8Ks filed  on

August 22, 2000 and November  3,  2000.



Item  9.  Directors  and  Executive  Officers,  Promoters  and  Control Persons;

Compliance  with  Section  16(a)  of  the  Exchange  Act



(A) DIRECTORS  AND  EXECUTIVE  OFFICERS



IDENTIFICATION  OF  DIRECTORS



Set  forth below is the name, age and length of service of the Company's present

directors:



NAME  (AGE)                      POSITION                      LENGTH OF SERVICE

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

Hugh  D.  Johnson          (74)  Director                      Since 1998

Patrick  V.  Quinlan       (55)  Director                      Since 1998

Richard S. Patterson, PhD. (67)  Director                      Since 1998

Henry  Kornhauser          (65)  Director                      Since 1998



The directors are elected for a  one-year term or  until their  successors  have

been elected and qualified.  There are no arrangements or understandings between

any of  the  directors  and  other  persons pursuant  to which  such person  was

selected as a  director.



IDENTIFICATION  OF  EXECUTIVE  OFFICERS



Set  forth below is the name, age and length of service of the Company's present

Executive  Officers:



NAME  (AGE)                    POSITION             LENGTH  OF  SERVICE

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

Hugh  D.  Johnson       (74)   President            Since 2000

Secretary/Treasurer  Since 1998

Patrick  V.  Quinlan    (55)   Vice  President      Since 1998



Executive  Officers  are  appointed  to  serve until the meeting of the Board of

Directors  following  the  next  annual  meeting of shareholders and until their

successors  have  been  elected  and  qualified.  There  are  no arrangements or

understandings  between  any  of  the  directors,  officers,  and  other persons

pursuant  to  which  such  person  was  selected  as  an  Executive  Officer.



Set  forth below is certain biographical information regarding each Director and

Executive  Officer  of  the  Company.

















<PAGE>  18

VIROPRO,  INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



HUGH D. JOHNSON, Director, President, Secretary/Treasurer,  and Co-founder,  has

guided the formation,  structuring   and  financing   of  INSECTA.   He  has  an

extensive background  in the financial Industry  and was  associated  with L. F.

Rothschild & Co  and  Merrill  Lynch, Pierce, Fenner and Smith.



PATRICK V. QUINLAN, Director, Vice-President and Co-founder, has over  ten years

with INSECTA  and involved  with  all  development  phases  and has  acquired  a

specialization  in product and patent registration at the government  and  state

levels  in both U.S. and Canada.



RICHARD (DICK) S.  PATTERSON, PhD,  Company  Spokesperson,  Director  and  R & D

Consultant.  Dr. Patterson is a PhD of Entomology associated with the University

of Florida and widely  recognized as the  foremost authority  on biological  and

biorational control  of household  insects.  His research has  been featured  in

Time, Newsweek, U.S. News and  World Report,  Smithsonian and  National  History

magazines.



HENRY KORNHAUSER, Director and Advertising/Marketing consultant.  Mr. Kornhauser

is  currently Vice  President-Advertising for  Church  & Dwight  (Arm & Hammer).

Previously,  he was  the  principle/owner  of two  major  New  York  advertising

agencies, Partners & Shavak and Kornhauser & Caline.



(B)     IDENTIFICATION  OF  CERTAIN  SIGNIFICANT  EMPLOYEES



The company has no employees.



(C)     FAMILY  RELATIONSHIPS



There  is  no  family  relationship  between any Director, Executive Officer, or

person  nominated  or chosen by the Registrant to become a Director or Executive

Officer



(D)      INVOLVEMENT  IN  CERTAIN  LEGAL  PROCEEDINGS



So far as the company is  aware, no  Director, or person  nominated to  become a

Director  or  Executive Officer, has been  involved  in  any  legal  proceedings

during the past five years.



COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT



So far as the Registrant is able to ascertain, all officers and directors of the

Company are in compliance with  information required  under Section 16(a) of the

Securities Exchange Act  of  1934, as amended.































<PAGE>  19

VIROPRO,  INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



Item     10.     EXECUTIVE  COMPENSATION



The  following table sets forth the aggregate cash compensation paid by the

Company  during the fiscal year ended June 30, 1999 to all executive officers of

the  Company  as  a  group  and  to  all  executive  officers  of  the  Company.



Name of Individual              Capacities  in                     Cash

or  Group                       which  served                      Compensation

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

Hugh  D.  Johnson               Director, President, Secretary

/Treasurer                          $    -0-

Patrick  V.  Quinlan            Director and Vice President          $    -0-

Richard  S.  Patterson          Director                             $    -0-

Henry  Kornhauser               Director                             $    -0-

All  executive  officers

as  a  group  including

individuals named above

(4  persons)                                                         $    -0-



All  executive officers are not covered by the Company's major medical insurance

and  disability  plans.



Item  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT



The  following  table  sets forth the number and percentage, as of June 30,

2000  of the company's Common Shares owned of record and/or beneficially by each

person  owning more than 5% of such Common Shares, by each Director who owns any

shares  of  the  Company  and  by  all  officers  and  directors  as  a  group.



Name                             Percentage  Owned     Number of Shares Owned

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

Hugh  D.  Johnson                          0%                      0



Patrick  V.  Quinlan                       0%                      0



Richard  S.  Patterson                     1%                100,000



Henry  Kornhauser                          0%                      0



Item  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS



The  Company  and  its  operating  company Insecta have borrowed money form Jade

Investments,  a  major  shareholder  of the company aggregating to the amount of

$465,000.  The  notes  covering  these loans bear 10% per annum interest and are

payable  on  demand.  Interest of $122,366 has  accrued as of June 30, 2001.  No

payments  have  been  made.

























<PAGE>  20

VIROPRO,  INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001





PART  IV





Item  13.  EXHIBITS,  FINANCIAL  STATEMENT  SCHEDULES  AND  REPORTS  ON FORM 8-K



(a)  Exhibits required by Item 601



(2)      Plan of Acquisition, reorganization, arrangement,

liquidation or succession.                    Form 8K  04-16-1998 (2)

(3)(i)   Articles of Incorporation                                       P (2)

(3)(ii)  Bylaws.                                                         P (2)

(4)      Instruments defining the rights of security holders,

including indentures.                                             (1)

(9)      Voting trust agreements.                                          (1)

(10)     Material contracts.                                               (1)

(11)     Statement re:  computation of per share earnings.                 (1)

(13)     Annual or quarterly reports, Form 10Q                             (1)

(16)     Letter re:  change in certifying accountant.                      (1)

(18)     Letter re:  change in accounting principles .                     (1)

(20)     Other documents or statements to security holders.                (1)

(21)     Subsidiaries of the Registrant.                                   (1)

(22)     Published report regarding matters submitted

to vote of security holders.                                      (1)

(23)     Consents of Experts and counsel.                                  (1)

(24)     Power of Attorney.                                                (1)

(27)     Financial Data Schedule (no longer required)                      (1)

(99)     Additional Exhibits.                                              (1)



(1) These items have either been omitted or are not applicable

(2) Incorporated by reference to previous filing

I.  Financial  Statements  and  Schedules



Report  of  Independent  Certified  Public  Accountants.



Consolidated  Financial  Statements:



Balance  Sheets

Statements  of  Operations

Statements  of  Changes  in  Stockholders  Equity

Statements  of  Cash  Flow

Notes  to  Financial  Statements



II.  Reports  on  Form  8-K:



Amended Forms 8-K were filed by the registrant on August 22, 2000 and November 3, 2000 relating to a previously reported change of auditors.























<PAGE>  21

VIROPRO,  INC.

Report  on  Form  10-KSB/A

For  the  Fiscal  Year  Ended  June  30,  2001



SIGNATURES



Pursuant  to  the  requirements  of  Section  13 or 15(d) of the Securities

Exchange  Act  of  1934, the Company has duly caused this report to be signed on

its  behalf  by  the  undersigned  thereunto  duly  authorized.



VIROPRO,  INC.                               VIROPRO,  INC.







BY:/s/  Hugh  D.  Johnson                    BY:/s/  Hugh D. Johnson

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

HUGH  D.  JOHNSON                            HUGH D. JOHNSON

Secretary                                    President



Dated:  December 30, 2002                   Dated:  December 30, 2002