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

                     For the fiscal year ended May 31, 1999
                          Commission File No. 333-61801

                       JURAK CORPORATION WORLD WIDE, INC.
             (Exact name of registrant as specified in its charter)

                Minnesota                              88-0407679
      (State or other jurisdiction          (IRS Employer Identification No.)
    of Incorporation or Organization)

                            1181 Grier Drive, Suite C
                             Las Vegas, Nevada 89119
               (Address of principal executive office) (Zip Code)

                  Registrant's telephone number: (702) 914-9888

           Securities registered pursuant to Section 12(b) of the Act:
                        3,000,000 Shares Of Common Stock

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

                          Common Stock, (no par value)
                                (Title of Class)

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 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___

The aggregate market value of the voting stock held by non-affiliates of the
Registrant on May 31, 1999, based on the average bid and asked prices of Common
Stock in the over-the-counter market on that date was N/A.

15,527,750 shares of Registrant's Common Stock, no par value were outstanding on
May 31, 1999, prior to the effectiveness of the latest practicable date.

<PAGE>


                       DOCUMENTS INCORPORATED BY REFERENCE

     None.


                                       2
<PAGE>


                                    CONTENTS

                                                                      Page
                                                                      ----

PART I

       Item 1.    BUSINESS                                            4

       Item 2.    PROPERTY                                            7

       Item 3.    LEGAL PROCEEDINGS                                   7

       Item 4.    SUBMISSION OF MATTERS TO A VOTE
                  OF SECURITY HOLDERS                                 7

PART II

       Item 5.    MARKET FOR REGISTRANT'S COMMON
                  EQUITY AND RELATED STOCKHOLDER
                  MATTERS                                             7

       Item 6.    SELECTED FINANCIAL DATA                             7

       Item 7.    MANAGEMENT'S DISCUSSION AND
                  ANALYSIS OF FINANCIAL CONDITION
                  AND RESULTS OF OPERATIONS                           8

       Item 8.    FINANCIAL STATEMENTS AND
                  SUPPLEMENTARY DATA                                  9

       Item 9.    DISAGREEMENTS ON ACCOUNTING AND
                  FINANCIAL DISCLOSURE                                9

PART III

       Item 10.   DIRECTORS AND EXECUTIVE OFFICERS OF
                  THE REGISTRANT                                      9

       Item 11.   EXECUTIVE COMPENSATION                              10

       Item 12.   SECURITY OWNERSHIP OF CERTAIN
                  BENEFICIAL OWNERS AND MANAGEMENT                    10

       Item 13.   CERTAIN RELATIONSHIPS AND RELATED
                  TRANSACTIONS                                        11

PART IV

       Item 14.   EXHIBITS, FINANCIAL STATEMENT
                  SCHEDULES AND REPORTS ON FORM 8-K                   11


                                       3
<PAGE>


                                     PART I

Item 1. - BUSINESS

         The Jurak Classic Whole Body Tonic was first developed in 1945 by Carl
Jurak, the father of the founder of the Company. The tonic is a blend of
medicinal herbs, and other ingredients.

         There are 30 separate ingredients to the tonic, all of them readily
available from suppliers in Canada, the United States and France. The Jurak
Classic Whole Body Tonic is supplied in bottles of one fluid oz. The bottles
will come in boxes of 35 bottles.

         The tonic is a herbal supplement. The ingredients of the tonic include
chamomile, dandelion, licorice, passion flower, peppermint, saw palmetto, and
celery seed

         The Company has purchased its initial inventory of raw materials, and
has made arrangements with a supplier, Confab Laboratories, Inc., to blend the
raw materials and package them in the mono dose package. This supplier has the
capacity to manufacture 180 million mono dose packages a year. There are a
number of other suppliers, but the plan of the Company is to establish a long
term relationship with the supplier to establish cost stability and first class
service. The supplier began work to blend the product and bottle it during the
last week of October, 1998. The Company has begun negotiations for a long term
contract, which have not been finalized. In the interim the Company has paid the
manufacturer $.17 (Canadian) for each mono dose manufactured.

         The present inventory of raw materials came from eight suppliers. For
the production of the pilot batch and samples there has been approximately 3% of
the raw materials purchased were used. Gross profit on sales to date has been
approximately 87%.

         Management of the Company feels that with one million one ounce mono
dose packages on hand, it is sufficient for the present.

         The regulatory authority over dietary supplements is divided between
the Food and Drug Administration (FDA) and the Federal Trade Commission (FTC).
The FDA has authority to review the ingredients and safety, define misbranding,
and punish adulteration. The FTC regulates claims made in advertising and
promotional


                                       4
<PAGE>


materials. The Company is a multi level distributor and does not advertise nor
issue promotional materials, so its activities are not regulated by the FTC,
only by the FDA.

         The Congress of the United States established standards governing
dietary supplements when it enacted the Dietary Supplement Health and Education
Act (DSHEA) in 1994. The focus of DSHEA has been to limit the authority of the
FDA over dietary supplements. Now the DSHEA regulations, effective March 23,
1999, require certain additional labeling, all of which the tonic product
contains. The display panel for the Company states: "Jurak Classic Whole Body
Tonic Dietary Supplement," "Corrective and Digestive Herbal and Mineral
Supplement." It adds "This statement has not been evaluated by the Food and Drug
Administration. This product is not intended to cure, mitigate, treat or prevent
any disease." The labeling also includes nutritional labeling, including the
Latin name and plant part.

         The Company filed a DSHEA required notice with the FDA that it was
going to market the product, and the FDA has not objected. Management of the
Company feels that it is in full compliance with the regulations of the FDA and
the FTC.

         The Company has worked with consultants to make sure that the labeling
of the product is correct and that the labeling is attractive. The cost of
compliance is the cost of the consultants. The Company has had the ingredients
approved in the United States, and the manufacturer is certified as a
manufacturer in Canada.

         Management of the Company has examined the marketing practices of
others, and has resolved to market the products through network marketing in the
United States and throughout the rest of the world. Network marketing consists
of distributors several layers deep that distribute product for a specific
company. Profits come from commissions on direct sales and money earned on sales
made by the network of downline distributors. Sales will be made by the
distributors to individuals, there will be no sales to retailers.

         The Company will compete in the dietary supplement business, but there
are few companies selling products similar to the product of the Company. One
slightly similar product is Matol, for which Mr. Jurak worked for several years.
Mr. Jurak has no present connection with Matol except as a shareholder. He is
the holder of 2,000,000 preferred shares, which is one half of the preferred
shares issued. His preferred shares, however, have no voting rights. Matol is
based upon, but is a variation of, one of the many formulas of Carl Jurak.
Matol's product is sold in the United States as KM, which is sold as a Potassium
Mineral Supplement. There is at least one other product that is very similar to
Matol, BOTANOL, which is sold as an improvement to KM. The formula used for the
Jurak Classic Whole Body Tonic is different from those two in that it contains a
greater quantity of herbs and minerals, and the herbs in them are not all tonic
herbs, as is the case with the product of the Company, are not bi-directional
and would not act to balance the systems in the body. The Company feels that any
litigation from either of the other two products is remote. The


                                       5
<PAGE>


Company has no patents and has applied for trademarks for its products and
logos.

         The Jurak Classic Whole Body Tonic is the only product of the Company
at this time. However Carl Jurak developed several formulas, and some of them
were manufactured and sold many years ago. There is a variety of organ specific
herbal tablets and liquids as well as salves, ointments and liniments. The cost
to develop them is minimal because the cost will be to prepare pilot batches,
test them, and determine whether the product's ingredients and proposed labeling
comply with FDA requirements.

         The Company is marketing the Jurak Classic Whole Body Tonic through
network marketing, called the Jurak Career Plan. There are a number of steps in
the Jurak Career Plan, starting with the Independent Distributor. An Independent
Distributor registers with the Company and gets the right to sponsor other
persons to purchase the product at a 30% discount from the retail price. There
are points awarded for personal consumption or sale of products. One may become
a Qualified Distributor when he has 160 points monthly.

         In addition to the money made by the distributor on sales the Company
intends to issue shares of its stock to its distributors as an added incentive,
with the agreement that the shares of stock are restricted from sale for three
years from the time of being earned. A distributor who purchases enough product
for 160 points, sponsors three persons who each purchase enough product for 160
points and who in turn sponsor three additional persons who each purchase enough
product for 160 points will receive 10 certificates valued at $5.00 each. The
aggregate value for certificates earned will be redeemable for shares at the
current market price at the time the shares were earned.

         Network marketing is known for persons switching to another company
with a better idea. The strategy of including the Company's distributors as
shareholders is to keep the distributors close to the Company for a long time,
and build into the future.

         Also with a consultant the Company has developed custom designed
software to interface with the sales and bonus system. The software will also
process currencies of other countries so that when there is expansion into other
countries the system will be able to handle the volume.

         Through Eagle Payment Solutions the Company has obtained merchant
credit card processing capabilities with the Harris Bank.

         The Company has six employees, and expects to have 10 employees within
two months, none are represented by a labor organization. The 10 employees do
not include independent distributors.


                                       6
<PAGE>


Item 2. - PROPERTY

Facilities

         The Company has leased 8,500 square feet of office space in Las Vegas,
Nevada for its offices and warehouse, at an monthly rental of $5,500, plus
operating expenses. The warehouse will be used to hold and distribute the
Company's products. A part of the warehouse may be used for a research and
development laboratory.


Item 3. - LEGAL PROCEEDINGS

         None


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

         None.


                                     PART II

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

         The Company's common stock has not been traded.


Item 6. - SELECTED FINANCIAL DATA

                             Fiscal Years Ended May 31,
                             --------------------------    Period from inception
                             1999            1998          through May 31, 1999
                             ----            ----          --------------------

Income Statement Data
---------------------
   Net Sales                 $  64,937       $  --         $  64,937
   Net Income (loss)         $(751,658)      $(100,795)    $(852,453)
Per Share Data
--------------
Net Income (loss)            $(.05)          $(.01)        $(.06)


                                       7
<PAGE>


                                    As of May 31,
                                    -------------
                                    1999           1998
                                    ----           ----

Balance Sheet Data
   Total Assets                     $309,807       $332,119
   Total Liabilities                $577,574       $114,478
   Stockholders' Equity (Deficit)   $(267,767)     $217,641


Item 7. - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

         The Company is relatively newly formed, and its operations to date have
been in the areas of setting up the organization and financing.

         The Company had a small revenue from sales of its products from
inception (November 3, 1997) to May 31, 1999 of $64,937. During the same period
the Company expended general, administrative and pre-operating expenses of
$892,863 for a net loss of $852,453. The general, administrative and
pre-operating expenses included consulting expenses for Food and Drug
Administration advice, computer consultants, hardware and software, raw
materials, travel, office, telephone expenses, legal fees, Rent and wages.

         Except for historical information, the matters discussed in this
Prospectus are forward looking statements which involve risks and uncertainties,
including, but not limited to economic, competitive, and technological factors
affecting the Company's operations, markets, products, services, prices and
other factors, which may cause actual results to differ materially from the
results discussed in the forward looking statements.

LIQUIDITY AND CAPITAL RESOURCES

         The Company has financed its operations with equity capital, and raised
a total of $584,686. In addition a stockholder has advanced $502,500 to the
Company. The business the Company is engaged in is not capital intensive, and
the Company hopes to be able to finance its future operations from the cash flow
from sales of the products of the Company. The business of the Company is not
capital intensive because it does not need to purchase any machinery, the costs
of the raw material is negligible, and, because all sales will be by check or
credit card, there will not be accounts receivable.

         The Company has no plans to raise additional capital through private
placements or otherwise in the next 12 months. The only need for capital would
be if the Company deemed it a good investment to do its own manufacturing. The


                                       8
<PAGE>


issuance of shares in this offering will be an expense to the Company, based on
the fair value of the stock or the value of services, whichever is more evident.
This could have an adverse effect on the balance sheet of the Company and make
it more difficult to issue other shares for cash to raise additional capital.

PRODUCT RESEARCH AND DEVELOPMENT

         The Company does not anticipate conducting any product research and
development during the next 12 months that would require significant capital.

PURCHASES OR SALE OF PLANT AND EQUIPMENT

         The Company anticipates that it will not need any purchases of plant of
equipment in the near future.


Item 8. - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         The financial statements are attached following Item 14.


Item 9. - DISAGREEMENTS ON ACCOUNTING AND FINANCIAL
          DISCLOSURE.

         None.


                                    PART III

Item 10. - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.

         The executive officers and directors of the Company, with a brief
description, are as follows:

Name                           Age            Position
----                           ---            --------

Anthony Carl Jurak             61             Chairman, Secretary

Roger Theriault                53             President, Director


         Anthony Carl Jurak, Mr. Jurak is the Chairman, Secretary, and a
Director of the Company. Mr. Jurak has been Co-Chairman and Secretary Treasurer
for more than the past 5 years of Matol Partners Corporation until February,
1997, and since has worked as a founder of the Company. While with Matol he was
in charge of finances


                                       9
<PAGE>


for six years, and then committed his time to marketing the products by
traveling to sales and marketing meetings.

         Roger Theriault, Mr. Theriault is the President and a Director of the
Company. Mr. Theriault was the Director of National Sales for Shaklee Canada
from 1979 to 1984. During that time he was mostly involved in marketing of the
Company's products, he was responsible for three regional sales managers and
more than 100,000 distributors. He was the founder of Nova Sante Pacific
International where he worked form 1989 to 1994. Since 1995 he has been a
consultant to Triple Gold (Ecuador), Radical Advance Technologies and CiDem
(France).

         The directors of the Company are elected annually by the shareholders
for a term of one year or until their successors are elected and qualified. The
officers serve at the pleasure of the Board of Directors.


Item 11. - EXECUTIVE COMPENSATION.

         There are no officers or directors that received compensation in excess
of $60,000 or more during the last year. Management has taken no remuneration to
date, except as noted in Certain Transactions.


Item 12. - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
           AND MANAGEMENT.

         There are presently 15,527,750 shares of the Company's common shares
outstanding. The following table sets forth the information as to the ownership
of each person who, as of the date of this Offering Circular, owns of record, or
is known by the Company to own beneficially, more than five per cent of the
Company's common stock, and the officers and directors of the Company.


                                    Shares of             Percentage of
Name                                Common Stock          Ownership
--------------------------------------------------------------------------------

Anthony Carl Jurak (1)              6,150,000             40%

Roger Theriault                     1,500,000             10%

Michael Fielding                    1,500,000             10%

Roger Matthews                      1,300,000              8%


                                       10
<PAGE>


John H. Picken                        920,000              6%

All officers and directors          7,650,000             50%
as a group

(1) Mr. Jurak's shares are in the name of Jurak Holdings, Ltd.


Item 13. - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

         Beginning in September, 1997, before the Company was incorporated, the
founder of the Company, Anthony Carl Jurak, began paying expenses for the start
of the Company. The expenses paid were done by the personal credit cards of Mr.
Jurak. Mr. Jurak was reimbursed for his expenses by the Company in the amount of
$112,376 in August, 1998. Of the $112,376 paid to Mr. Jurak, $18,405 were
personal expenses on his credit cards, and not expenses of the Company. As a
result the $18,405 is income to Mr. Jurak.


                                     PART IV

Item 14. - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND
           REPORTS ON FORM 8-K.

         (a) Attached are the Financial Statements and Independent Auditor's
         Report on Examination of Financial Statements for the years ended May
         31, 1999 and May 31, 1998.

         (b) Attached are the following Financial Statement Schedules and
         Auditors Report on Schedules.

         None

         All schedules are omitted because they are not required or not
         applicable or the information is shown in the financial statements or
         notes thereto.

         (c) No report was filed on Form 8-K.

         (d) There are no exhibits.


                                       11
<PAGE>


                                   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.

Dated August 31, 1999



                                       JURAK CORPORATION WORLD WIDE, INC.




                                       by   /s/
                                          --------------------------------------
                                            Anthony Carl Jurak


                                       12
<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                                FINANCIAL REPORT

                              MAY 31, 1999 AND 1998

<PAGE>


                          INDEPENDENT AUDITOR'S REPORT



To the Board of Directors and Stockholders
Jurak Corporation World Wide, Inc.


         We have audited the accompanying balance sheets of Jurak Corporation
World Wide, Inc., a Minnesota corporation, and a development stage company, as
of May 31, 1999 and 1998, and the related statements of operations,
stockholders' equity (deficit) and cash flows for the periods then ended. These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.

         We conducted our audits in accordance with 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 audits provide a reasonable basis for our opinion.

         In our opinion, the financial statements present fairly, in all
material respects, the financial position of Jurak Corporation World Wide, Inc.
as of May 31, 1999 and 1998, and the results of its operations and its cash
flows for the periods then ended, in conformity with generally accepted
accounting principles.

         The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company is in the development stage; planned principal
operations have not yet commenced. Successful continued development of the
Company is dependent upon its ability to obtain additional financing through
debt issuance. These factors raise 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.




                                       HOUSE, NEZERKA AND FROELICH, P.A.

Bloomington, Minnesota
July 9, 1999

<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                                 BALANCE SHEETS
                              May 31, 1999 and 1998

<TABLE>
<CAPTION>
                 ASSETS                                                   1999             1998
                                                                      ------------     ------------
<S>                                                                   <C>              <C>
CURRENT ASSETS:
     Cash and cash equivalents                                        $      6,836     $    251,132
     Accounts receivable                                                        11               --
     Inventories                                                           203,451           65,447
     Prepaid expenses                                                           --            3,000
                                                                      ------------     ------------
                                                                           210,298          319,579

RESTRICTED CASH (Note 5)                                                    23,983               --

DEPOSITS                                                                    28,400           12,540

OFFICE FURNISHINGS AND EQUIPMENT                                            47,126               --
                                                                      ------------     ------------

                                                                      $    309,807     $    332,119
                                                                      ============     ============


          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
     Accounts payable                                                 $     71,129     $      2,102
     Accrued expenses                                                        3,945               --
     Payable to stockholder, officer (Note 4)                              502,500          112,376
                                                                      ------------     ------------
                                                                           577,574          114,478

COMMITMENTS (Note 5)

STOCKHOLDERS' EQUITY (DEFICIT) (Note 2):
     Convertible preferred stock, par value $.001 per share,
          50,000,000 shares authorized, none issued or outstanding              --               --
     Common stock, par value $.001 per share, 150,000,000 shares
          authorized, 1999 - 15,527,750; 1998 - 15,421,250 shares
          issued and outstanding                                            15,528           15,421
     Additional paid-in capital                                            569,158          303,015
     Deficit accumulated during the development stage                     (852,453)        (100,795)
                                                                      ------------     ------------
                                                                          (267,767)         217,641
                                                                      ------------     ------------

                                                                      $    309,807     $    332,119
                                                                      ============     ============
</TABLE>


See Notes to Financial Statements.


                                        2
<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                            STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                 Period From                      Period From
                                                                Incorporation                    Incorporation
                                                                (November 3,                      (November 3,
                                                                    1997)           Year             1997)
                                                                   through          Ended           through
                                                                   May 31,         May 31,          May 31,
                                                                    1999            1999             1998
                                                               ------------     ------------     ------------
<S>                                                            <C>              <C>              <C>
Sales                                                          $     64,937     $     64,937     $         --
Cost of sales                                                         8,202            8,202               --
                                                               ------------     ------------     ------------
                                                                     56,735           56,735               --

General, administrative, selling and pre-operating expenses        (913,446)        (811,424)        (102,022)
Interest income                                                       4,258            3,031            1,227
                                                               ------------     ------------     ------------

                 Net loss                                      $   (852,453)    $   (751,658)    $   (100,795)
                                                               ============     ============     ============


Loss per common share                                          $       (.06)    $       (.05)    $       (.01)
                                                               ============     ============     ============

Loss per common share assuming dilution                        $       (.06)    $       (.05)    $       (.01)
                                                               ============     ============     ============

Weighted average outstanding shares                              15,486,394       15,486,394       15,421,250
                                                               ============     ============     ============
</TABLE>


See Notes to Financial Statements.


                                        3
<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                  STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

<TABLE>
<CAPTION>
                                                                                                             Deficit
                                                                                                           Accumulated
                                                 Common Stock              Additional                        During
                                          ---------------------------        Paid-In          Amount       Development
                                            Shares          Amount           Capital         Per Share        Stage
                                          ----------     ------------     ------------     ------------    ------------
<S>                                       <C>            <C>              <C>              <C>             <C>
Shares issued for cash, May 28, 1998      15,300,000     $     15,300     $         --     $       .001    $         --
Shares issued for cash, May 28, 1998         121,250              121          303,015             2.50              --
Net loss                                          --               --               --                         (100,795)
                                          ----------     ------------     ------------                     ------------

Balance, May 31, 1998                     15,421,250           15,421          303,015                         (100,795)

Shares issued for cash:
     September 30, 1998                       48,000               48          119,952             2.50
     October 6, 1998                           2,000                2            4,998             2.50
     November 24, 1998                         2,000                2            4,998             2.50
     December 9, 1998                         60,000               60          149,940             2.50
     January 11, 1999                          2,000                2            4,998             2.50
     January 15, 1999                          6,000                6           14,994             2.50
     January 29, 1999                            500                1            1,249             2.50
     February 10, 1999                         4,000                4            9,996             2.50
     February 25, 1999                         2,000                2            4,998             2.50
Redemption, April 13, 1999                   (20,000)             (20)         (49,980)
Net loss                                          --               --               --                         (751,658)
                                          ----------     ------------     ------------                     ------------

Balance, May 31, 1999                     15,527,750     $     15,528     $    569,158                     $   (852,453)
                                          ==========     ============     ============                     ============
</TABLE>


See Notes to Financial Statements.


                                        4
<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                     Period From                        Period From
                                                                    Incorporation                      Incorporation
                                                                     (November 3,                       (November 3,
                                                                        1997)             Year             1997)
                                                                       through            Ended           through
                                                                       May 31,           May 31,          May 31,
                                                                        1999              1999             1998
                                                                     ------------     ------------     ------------
<S>                                                                  <C>              <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net loss                                                        $   (852,453)    $   (751,658)    $   (100,795)
     Depreciation                                                           6,781            6,781               --
     Increase in accounts receivable                                          (11)             (11)              --
     Increase in inventories                                             (203,451)        (138,004)         (65,447)
     Increase in other assets                                                  --            3,000           (3,000)
     Increase in accounts payable                                          71,129           69,027            2,102
     Increase in accrued expenses                                           3,945            3,945               --
     Increase (decrease) in payable to
        stockholder, officer                                              502,500          390,124          112,376
                                                                     ------------     ------------     ------------
                 Net cash used in operating activities                   (471,560)        (416,796)         (54,764)

CASH FLOWS FROM INVESTING ACTIVITIES:
     Deposits (paid) applied                                              (28,400)         (15,860)         (12,540)
     Purchase of office equipment                                         (53,907)         (53,907)              --
     Restricted cash                                                      (23,983)         (23,983)              --
                                                                     ------------     ------------     ------------
                 Net cash used in investing activities                   (106,290)         (93,750)         (12,540)

CASH FLOWS FROM FINANCING ACTIVITIES:
     Issuance of common stock                                             634,686          316,250          318,436
     Redemption of common stock                                           (50,000)         (50,000)              --
                                                                     ------------     ------------     ------------
                                                                          584,686          266,250          318,436
                                                                     ------------     ------------     ------------

                 Increase (decrease) in cash and cash equivalents           6,836         (244,296)         251,132

Cash and cash equivalents:
     Beginning (inception)                                                     --          251,132               --
                                                                     ------------     ------------     ------------

     Ending                                                          $      6,836     $      6,836     $    251,132
                                                                     ============     ============     ============
</TABLE>


See Notes to Financial Statements.


                                        5
<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS
                              May 31, 1999 and 1998


Note 1.   Nature of Business and Summary of Significant Accounting Policies:

          NATURE OF BUSINESS:

          The Company was incorporated on November 3, 1997 in the State of
          Minnesota and received its initial capital in May 1998. The Company
          was formed to manufacture and market dietary and herbal supplement
          products and since inception, has devoted its efforts to raising
          capital and developmental activities.

          The Company is considered to be in the development stage and the
          accompanying financial statements represent those of a development
          stage enterprise, and therefore, is subject to the usual business
          risks of development stage companies. Management intends to develop
          strategies that will match its cash flows with its debt obligations as
          they become due.

          A summary of the Company's significant accounting policies follows:

          CASH AND CASH EQUIVALENTS:

          The Company considers all highly liquid debt instruments purchased
          with a maturity of three months or less to be cash equivalents.

          INCOME TAXES:

          Deferred taxes are provided on a liability method whereby deferred tax
          assets are recognized for deductible temporary differences and
          operating loss and tax credit carryforwards and deferred tax
          liabilities are recognized for taxable temporary differences.
          Temporary differences are the differences between the reported amounts
          of assets and liabilities and their tax basis. Deferred tax assets are
          reduced by a valuation allowance when, in the opinion of management,
          it is more likely than not that some portion or all of the deferred
          tax assets will not be realized. Deferred tax assets and liabilities
          are adjusted for the effects of changes in tax laws and rates on the
          date of the enactment.

          INVENTORIES:

          Inventories are valued at the lower of cost (first-in, first-out
          method) or market and consist of the following:

                                                             May 31
                                                 ------------------------------
                                                     1999              1998
                                                 ------------      ------------
            Raw materials                        $     41,644      $     65,447
            Finished goods                            161,807                --
                                                 ------------      ------------
                                                 $    203,451      $     65,447
                                                 ============      ============

          OFFICE FURNISHINGS AND EQUIPMENT:

          Office furnishings and equipment are recorded at cost and depreciated
          on a straight-line basis over three to seven years.


                                       6
<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                              May 31, 1999 and 1998


Note 1.   Nature of Business and Summary of Significant Accounting Policies
          (Continued):

          ESTIMATES AND ASSUMPTIONS:

          The preparation of the 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 revenues and expenses during
          the reporting period. Significant estimates and assumptions include
          the valuation of stock issued and ability to generate future positive
          cash flows. Actual results could differ from Company estimates.

          LOSS PER COMMON SHARE:

          Loss per share is computed based on the weighted average number of
          common shares outstanding. Potential issuances that would reduce loss
          per common share are considered anti-dilutive and are excluded from
          the computation.


Note 2.   Stockholder Rights:

          The convertible preferred stock is convertible into ten common shares
          at a price of $.10 per share for a period of ten years and has no
          voting rights unless converted into common shares.

          The Board of Directors have the power and authority to fix by
          resolution any designation, class, series, voting power, preference,
          right, qualification, limitation, restriction, dividend, time and
          place of redemption and conversion right with respect to any stock of
          the Corporation.


Note 3.   Income Taxes:

          For income tax purposes, pre-opening costs are generally deferred and
          amortized to expense in future tax returns. The provision (benefit)
          for income taxes differs from the amount computed by applying the U.S.
          federal income tax rate to loss before income taxes as follows:

                                                             May 31
                                                 ------------------------------
                                                     1999              1998
                                                 ------------      ------------
             Expected tax (benefit) at statutory
                 rate                            $   (260,000)     $    (35,000)
             Effect of graduated federal rates         12,500            12,500
             Increase in valuation allowance          247,500            22,500
                                                 ------------      ------------
                                                 $         --      $         --
                                                 ============      ============

          The following is a summary of deferred taxes:

                                                             May 31
                                                 ------------------------------
                                                     1999              1998
                                                 ------------      ------------
            Deferred tax assets:
                Pre-opening costs and losses     $    270,000      $     22,500
                Valuation allowance                  (270,000)          (22,500)
                                                 ------------      ------------
                                                 $         --      $         --
                                                 ============      ============

          Tax law provides for limitation on the use of future loss carryovers
          should significant ownership changes occur.


                                       7
<PAGE>


                       JURAK CORPORATION WORLD WIDE, INC.
                          (A Development Stage Company)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                              May 31, 1999 and 1998


Note 4.   Related Party Transactions:

          On August 5, 1998, the Board of Directors authorized the reimbursement
          and payment of $112,376 to its principal stockholder for pre-opening
          expenses and other disbursements incurred in the formation of the
          Company and as compensation for services performed for the periods
          ending May 31, 1998.

          The principal stockholder has advanced to the Company or requested
          reimbursement for $390,124 for the year ended May 31, 1999.


Note 5.   Commitments:

          The Company is currently negotiating royalty arrangements with a
          shareholder for use of various product formulations.

          The Company has entered into an agreement with a bank whereby ten
          percent of certain sales must be deposited into a restricted cash
          account in exchange for credit card processing.

          The Company rents 8,462 square feet of office and warehouse space in
          Las Vegas, Nevada under terms of an operating lease which calls for
          monthly rentals of approximately $5,500 plus operating expenses
          through September 2001. Rent expense under this agreement for the year
          ended May 31, 1999 was $56,006.

          Minimum lease payments at May 31, 1999 are as follows:

          Year Ending May 31:
               2000                                      $     65,324
               2001                                            67,360
               2002                                            22,680
                                                         ------------
                                                         $    155,364
                                                         ============

          The Company is offering 3,000,000 of its shares to its distributors
          under a plan whereby the distributors earn a stock bonus based on
          sales and "bonus points." A distributor who purchases enough product
          for 160 points, sponsors three persons who each purchase enough
          product for 160 points and who in turn sponsor three additional
          persons who each purchase enough product for 160 points will receive
          10 certificates valued at $5.00 each. The aggregate value for
          certificates earned will be redeemable for shares at the current
          market price at the time of redemption. The shares of stock are
          restricted from sale for three years from the time of issuance.


                                       8