SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10-KSB

[X]     ANNUAL  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
        OF  1934

                   FOR THE FISCAL YEAR ENDED OCTOBER 31, 2002

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
        ACT  OF  1934

       For the transition period from _______________ to _______________.


                         COMMISSION FILE NUMBER 0-33229

                  SINGLE SOURCE FINANCIAL SERVICES CORPORATION
             (Exact name of registrant as specified in its charter)

                        NEW YORK                    16-1576984
            (State or other jurisdiction of      (I.R.S. Employer
             incorporation or organization)     Identification No.)

                         121 NORTH SAN VICENTE BOULEVARD
                       BEVERLY HILLS, CALIFORNIA     90211
             (Address of principal executive offices)     (Zip Code)


      REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE    (888) 262-1600


     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.
                                                         ----

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

     State  issuer's  revenues for its most recent fiscal year.       Zero ($ 0)

     State  the  aggregate  market  value of voting and non-voting common equity
held  by  non-affiliates  computed by reference to the price at which the common
equity  was  sold, or the average bid and asked prices of such common equity, as
of  a  specified  date within the past 60 days.  (See definition of affiliate in
rule  12b-2 of the Exchange Act.)  $628,865, based on the closing price of $0.01
for  the  common  stock  on  January  22,  2003.

     Indicate  the  number of shares outstanding of each of the issuer's classes
of  common  stock,  as  of the latest practicable date.  As of October 31, 2002,
there  were  59,743,993  shares  of  common  stock, par value $0.001, issued and
outstanding.  As  of  January  22,  2003, there were 62,886,453 shares of common
stock,  par  value  $0.001,  issued  and  outstanding.

                       DOCUMENTS INCORPORATED BY REFERENCE

     If  the following documents are incorporated by reference, briefly describe
them and identify the part of the form 10-KSB (e.g., Part I, Part II, etc.) into
which  the  document is incorporated: (1) any annual report to security holders;
(2) any proxy or information statement; and (3) any prospectus filed pursuant to
rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act").  The listed
documents  should be clearly described for identification purposes (e.g., annual
report  to  security  holders  for  fiscal year ended December 24, 1990).  None.

                     Transitional Small Business Disclosure
                               Format (check one):

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

<PAGE>
                  SINGLE SOURCE FINANCIAL SERVICES CORPORATION

                                TABLE OF CONTENTS
                                -----------------


                                     PART I

Item  1          Description  of  Business

Item  2          Description  of  Property

Item  3          Legal  Proceedings

Item  4          Submission  of  Matters  to  a  Vote  of  Security  Holders


                                     PART II

Item  5          Market  for  Common  Equity  and  Related  Stockholder  Matters

Item  6          Management's  Discussion  and  Analysis  or  Plan of Operations

Item  7          Financial  Statements

Item  8          Changes In and Disagreements With Accountants on Accounting and
                 Financial Disclosure


                                    PART III

Item  9          Directors,  Executive  Officers, Promoters and Control Persons;
                 Compliance  with Section  16(a)  of  the  Exchange  Act.

Item  10         Executive  Compensation

Item  11         Security Ownership of Certain Beneficial Owners and Management.

Item  12         Certain  Relationships  and  Related  Transactions.

Item  13         Exhibits  and  Reports  on  Form  8-K.

Item  14         Controls  and  Procedures.

<PAGE>
                                     PART I

This Annual Report includes forward-looking statements within the meaning of the
Securities Exchange Act of 1934 (the "Exchange Act"). These statements are based
on  management's beliefs and assumptions, and on information currently available
to  management.  Forward-looking  statements  include the information concerning
possible  or assumed future results of operations of the Company set forth under
the  heading  "Management's  Discussion  and  Analysis of Financial Condition or
Plan  of Operation." Forward-looking statements also include statements in which
words  such as "expect," "anticipate,"  "intend," "plan," "believe," "estimate,"
"consider"  or  similar  expressions  are  used.

Forward-looking  statements  are  not  guarantees  of  future performance.  They
involve  risks,  uncertainties  and  assumptions.  The  Company's future results
and shareholder values may differ  materially  from  those  expressed  in  these
forward-looking  statements.  Readers are cautioned not to put undue reliance on
any  forward-looking  statements.

ITEM  1  -  DESCRIPTION  OF  BUSINESS

CORPORATE  HISTORY

     We  are  a  New  York corporation; originally incorporated on September 19,
1994,  under  the name Ream Printing Paper Corp.  On October 18, 2000, the Board
of  Directors  voted  to  change  the  name  of the corporation to Single Source
Financial  Services Corporation ("SSFS"), a change that became effective in late
2000.

     We  have never been in bankruptcy, receivership, or any similar proceeding.

     On  November  7,  2000,  we acquired Single Source Electronic Transactions,
Inc., a Nevada corporation, for 10,012,500 shares of our common stock.  Prior to
the  acquisition, we had not engaged in any business for a number of years.  For
accounting purposes, the transaction is viewed as a reverse acquisition of us by
Single  Source  Electronic  Transactions,  Inc.

HISTORICAL  OPERATIONS

     Single  Source Electronic Transactions, Inc. was formed in January 1998 and
commenced  operation  in  California  in January 2000.  Single Source Electronic
Transactions, Inc. has always operated at a loss, and is expected to continue to
operate  at  a  loss  during  the  next  fiscal  year.

     The purchase of Single Source Electronic Transactions, Inc. was our initial
acquisition.  Single  Source  Electronic  Transactions,  Inc.  is an independent
sales  organization  which  sells and leases electronic transaction equipment to
merchants.  These  merchants  have  no direct relationships with any processors,
which  are  in  the  business  of  processing  credit  card transactions for the
merchants.  Through  Single  Source  Electronic  Transactions,  Inc. we sell and
lease  all  types of financial electronic transaction equipment to merchants and
offer  the  merchants access to electronic processing of these transactions.  In
the  event  that  the  merchant  elects to acquire the equipment through a lease
transaction,  Single  Source Electronic Transactions, Inc. sells the lease to an
equipment  leasing  company  at  a  discounted  rate.

     In  the  fourth  quarter of 2001, a dispute arose between us and one of the
parties  involved  in  the acquisition of Single Source Electronic Transactions,
Inc.  During  the  course  of  negotiations, a third party diverted the residual
revenue  stream  that  was  previously  received  by  Single  Source  Electronic

                                        2
<PAGE>

Transactions,  Inc.,  and  our  revenue  decreased by over 90%.  We resolved the
dispute  with the third party and permitted them to keep the historical residual
income  stream  from  certain  of  Single Source Electronic Transactions, Inc.'s
customers,  which account for over 90% of Single Source Electronic Transactions,
Inc.'s residual income stream.  Since August 2001, we have received only nominal
revenues  from  the  residual  income  stream  that  we acquired.  However, from
approximately  September  2001  through  March  2002, we continued to pay Single
Source  Electronic  Transactions,  Inc.'s  continuing  operations  expenses  and
invested  additional  money  in  an  effort to continue Single Source Electronic
Transactions,  Inc.'s  business  plan.  These  attempts were unsuccessful and we
ceased  investing  additional  funds into Single Source Electronic Transactions,
Inc. in or about March 2002.  Single Source Electronic Transactions, Inc. is now
a  discontinued  operation.

     Based  upon the Single Source Electronic  Transactions,  Inc.  acquisition,
we  rented  several  offices  located  in  Los  Angeles,  California,  Mission
Hills,  California,  Irvine,  California, San Diego, California, Houston, Texas,
Providence,  Rhode  Island, and Denver, Colorado. However, following the loss of
our  revenue stream, each of these offices has been closed. We currently lease a
minimal  amount of office space, on a rent-free basis, from the spouse of one of
our  directors.

CURRENT  BUSINESS  OVERVIEW

     Following the loss of the majority of the residual income stream originally
acquired as part of the Single Source Electronic Transactions, Inc. acquisition,
our  management elected to diversify our business through the identification and
acquisition  of  assets  in  the electronic transaction processing industry.  We
currently  receive  a  limited amount of residual income from sales in the prior
years.

CardReady  International,  Inc.

     On November 29, 2001, we signed a binding letter of intent (the "LOI") with
MBBRAMAR,  INC.,  a California corporation ("MBB") which included an irrevocable
option (the "Option") to acquire from MBB all of MBB's shares of common stock of
CardReady  International, Inc., a California corporation ("CardReady"), owned at
the  time  of  exercise  of the Option (the "CardReady Shares").  Currently, MBB
owns  over  96%  of  the  outstanding  common  stock  of  CardReady.

     On  April  29,  2002,  we,  together with MBB and CardReady, entered into a
First  Restated  Letter of Intent (the  "Restated LOI") which modified the terms
and  conditions  of  the  original  LOI.

     Under  the  terms  of  the  Restated LOI, we may, at any time during the 18
months  following  the  date of execution (the "Option Period"), and upon thirty
(30)  days  written  notice  (unless extended because of the requirements of the
Securities  and  Exchange  Commission  or the corporate laws of the State of New
York,  including  the  need  to obtain shareholder approval), acquire all of the
MBB-owned  CardReady  Shares  from  MBB.  The  purchase price to be paid for the
CardReady  Shares  will  be  four million (4,000,000) shares of our common stock
(the  "SSFS  Shares").  As additional consideration for the grant of the Option,
we  agreed  to loan to CardReady up to the sum of $500,000, payable in traunches
as  agreed  between  the parties, bearing no interest and repayable in a balloon
payment  at  the  end  of  three  (3)  years  from the date of the Restated LOI.

                                        3
<PAGE>

     The  Restated  LOI  contains certain unwinding provisions.  For a period of
three (3) years from the closing of the acquisition, if the closing bid price of
our  common stock as quoted on its primary exchange is less than $1.00 per share
for  thirty  (30) consecutive trading days, or if our common stock is not listed
for  trading  on  any  public  exchange  for a period of thirty (30) consecutive
trading  days,  or  if  the  trading  volume  of our common stock on its primary
exchange  is  less  than  250,000  shares  per  month  for three (3) consecutive
full-calendar  months, then MBB shall have the right, but not the obligation, to
purchase  the  CardReady Shares back from us for consideration equal to the SSFS
Shares  (as  adjusted for any stock splits or recapitalizations).  Additionally,
for  a  period  of  three  (3)  years  from  the  closing of the acquisition, if
CardReady  fails  for  a  period  of  thirty  (30)  consecutive business days to
maintain  a  relationship with a back-end processor and a bank, then we have the
right,  but  not  the  obligation, to "put" the CardReady Shares back to MBB for
consideration  equal  to  the  SSFS  Shares (as adjusted for any stock splits or
recapitalizations).

     MBB  is owned and controlled by Brandon Becker, who is a former director of
SSFS,  and  Martin  Becker  and Sid Rosenblatt, each of which is the spouse of a
director  of  SSFS.

     Also  on  April  29,  2002,  we  exercised  our  rights under the Option to
purchase  all of MBB's interest in CardReady in exchange for the issuance of the
SSFS  Shares.

     At  the  time  the  Restated  LOI  was  executed  it  was  anticipated  the
transaction  would close within one hundred twenty (120) days.  However, our due
diligence has resulted in a delay as a result of, including, but not limited to,
obtaining  audited financials from CardReady.  As a result it is now anticipated
that  the  acquisition will occur sometime in the latter part of 2003, providing
the  Company  has sufficient funds to complete the required audits of CardReady.

Other  Businesses

     Our  management  team intends to pursue the acquisition of other businesses
to  compliment  the business of Single Source Electronic Transactions, Inc., and
the acquisition of CardReady International, Inc.  We have identified a number of
opportunities,  and  are  in  very  early discussions with potential acquisition
candidates,  but  have not agreed to terms or entered into a letter of intent or
similar  agreement  with  any  acquisition  candidates.

     In  January  2002,  we  formed  a  wholly-owned  subsidiary,  SSFS Merchant
Services,  Inc.,  a California corporation.  This subsidiary will seek to obtain
large  merchant  accounts  with  either  a single location, or a small number of
locations,  that  process  a  large volume of credit card transactions, merchant
associations  with  numerous  members,  merchant accounts with a great number of
locations,  or  any  other  large  scale,  as an aggregation or as large volume,
merchant  accounts.  We anticipate that all resulting processing will be done by
CardReady  International, Inc., with revenue to be split between them in a ratio
to  be  determined.

     In  January  2002,  we  formed  a wholly-owned subsidiary, CardReady of New
York,  Inc.  The  subsidiary  was  created to operate as a corporate independent
sales  organization  (ISO)  for  the purpose of developing merchant accounts and
also  for  the  purposes  of  recruiting and providing support services to other
ISOs.  In  December  2002,  due  to  lack  of  sales opportunities, the Board of
Directors  elected  to  dissolve  CardReady  of  New  York,  Inc.

     We have no patents, trademarks, licenses,  franchises,  concessions, royal-
ties  or  labor  contracts.

                                        4
<PAGE>

     Although electronic transaction processing is regulated through the banking
industry,  the  independent  sales office business is not currently regulated by
any  governmental  entity.  We  are  aware  of  no  environmental  law issues in
connection  with  our  company's  operations.

     We  are  aware  of no current attempts to impose governmental regulation on
our current business.  Therefore, we are unable to predict in any meaningful way
what regulation, if any, would be imposed and what effect it would have upon us.
However,  management  believes  that  it  would  be  able  to  comply  with  all
regulations  and that to the extent these regulations cause certain companies to
cease  operations,  it  would  improve  our  competitive  position.

     Although  the  electronic financial transaction industry is relatively new,
it  has  generated  a good deal of interest since it permits merchants to obtain
prompt  payment  for  their  sales  of  goods and services at a relatively small
price.  As  a  result  thereof,  the  business is very competitive and there are
thousands  of  companies  seeking  to  sell  these  services or to process these
transactions.  We  believe  that  we  have  an edge over many of our competitors
because  we  have  an  extremely  wide variety of electronic transaction methods
available  to  our  customers  and  because we have the ability to offer what we
believe  to be among the lowest transaction processing fees in the United States
through  CardReady  International, Inc.  The diversity in transaction processing
methods  is  important  since  we  carry a wide variety of equipment and we will
generally  carry  all  of  the  different types of equipment a customer desires.

     We currently do not have any employees.  Our officers and directors are not
employees  of  the  Company.

     Our web site is located at www.mysinglesource.com.  Our toll free telephone
number  is  (888)  262-1600.

ITEM  2  -  DESCRIPTION  OF  PROPERTY

     We  do  not  own  any  real  estate  or any other significant property.  We
currently  lease  a  minimal  amount  of office space in a building owned by the
spouse  of  one  our  directors,  on  a  month-to-month,  rent-free  basis.

ITEM  3  -  LEGAL  PROCEEDINGS

     We  have  the  following  legal  proceedings  pending  against  us  or  our
subsidiary:

     1.     Eisen  and  Brown  v.  Becker et al, Los Angeles Superior Court Case
No.  SC067244.  The case alleges that plaintiff's are entitled to a finder's fee
in  connection  with  the  transaction  wherein Single Source Financial Services
Corporation acquired Single Source Electronic Transactions, Inc. Defendants have
cross-complained against plaintiffs, claiming that they misrepresented the value
of  Single  Source  Electronic  Transactions,  Inc.  Discovery  is  underway.

     2.     Pacific Bell  Directory  v.  Single  Source  Financial Services Cor-
poration, et  al, Los Angeles County Superior Court Case No. 02T01372.  The case
alleges  that $23,029 is owing for yellow page advertising. The Company contends
that  it  did  not  contract  with  Pacific  Bell Directory, but instead that an
unrelated  business entity, Tax Debt Negotiators, Inc., may have contracted with
Pacific  Bell  Directory. On October 15, 2002, the parties entered into a Notice
of  Conditional  Settlement,  which was filed with the Court. Under the terms of
the  Notice  of  Conditional  Settlement,  after  Single Source has made certain
payments  to  the  plaintiffs,  the  parties stipulated that a dismissal will be
filed  with  the  Court  dismissing  the  plaintiff's case against Single Source
without  prejudice.

                                        5
<PAGE>

     In  the  ordinary  course  of  business,  the  Company is from time to time
involved in various pending or threatened legal actions.  The litigation process
is  inherently  uncertain and it is possible that the resolution of such matters
might have a material adverse effect upon the financial condition and/or results
of  operations  of  the  Company.  However,  in  the  opinion  of  the Company's
management,  matters currently pending or threatened against the Company are not
expected  to have a material adverse effect on the financial position or results
of  operations  of  the  Company.

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

     No  matters  were  submitted  to  a  vote of the Company's security holders
during  the  fourth  quarter  of  our  fiscal  year  ended  October  31,  2002.

                                        6
<PAGE>

                                     PART II

ITEM  5  -  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

MARKET  INFORMATION

     Our  common  stock began trading on the OTC Bulletin Board on September 17,
2001,  and  currently  trades  there under the symbol SSFL.  Our common stock is
only  traded  on  a  limited  or  sporadic  basis  and  should  not be deemed to
constitute  an  established  public  trading market.  There is no assurance that
there  will  be  liquidity  in  the  common  stock.

     Below  is  a  table indicating the range of high and low transaction prices
for  the  common  stock since our stock began trading.  The information reflects
inter-dealer  prices, without retail, markup, markdown or commission and may not
represent  actual  transactions.

<TABLE>
<CAPTION>
<S>                                         <C>         <C>
                                               BID PRICE
PERIOD                                      HIGH        LOW
----------------------------------------    ---------------

Fiscal Year 2001
(September 17, 2001 to October 31, 2001)    $ 0.63   $ 0.07

Fiscal Year 2002
(November 1, 2001 to October  31, 2002)     $ 1.22   $ 0.01

Fiscal Year 2003
(November 1, 2002 to January 22, 2003)      $ 0.03   $0.008
</TABLE>

HOLDERS

     As  of October 31, 2002 there were approximately 1,475 holders of record of
the  common  stock.  As  of  January  22,  2003,  there were approximately 1,482
holders  of  record  of  the  common  stock.

DIVIDEND  POLICY

     We  have  never  declared  or  paid  cash dividends on the common stock and
anticipate  that all future earnings will be retained as working capital and for
business  expansion.  The  payment  of  any future dividends will be at the sole
discretion  of  the board of directors and will depend upon, among other things,
future  earnings,  capital  requirements,  our  financial  condition and general
business conditions.  Therefore, there can be no assurance that any dividends on
the  common  stock  will  be  paid  in  the  future.

RECENT  SALES  OF  UNREGISTERED  SECURITIES

     There  have  been  no  issuances of unregistered securities during the last
quarter  of  the  fiscal  year.

                                        7
<PAGE>

ITEM  6  -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

     1.     CAUTION  REGARDING  FORWARD-LOOKING  INFORMATION

     Certain  statements  contained  in  this  annual filing, including, without
limitation, statements containing the words "believes", "anticipates", "expects"
and  words  of  similar  import,  constitute  forward-looking  statements.  Such
forward-looking  statements  involve  known and unknown risks, uncertainties and
other  factors that may cause the actual results, performance or achievements of
the  Company,  or  industry  results, to be materially different from any future
results,  performance  or  achievements  expressed  or  implied  by  such
forward-looking  statements.

     Such  factors include, among others, the following: international, national
and  local  general  economic  and  market  conditions; demographic changes; the
ability of the Company to sustain, manage or forecast its growth; the ability of
the  Company to successfully make and integrate acquisitions; raw material costs
and  availability; new product development and  introduction;  existing  govern-
ment  regulations  and  changes  in,  or  the failure to comply with, government
regulations;  adverse  publicity; competition; the loss of significant customers
or  suppliers;  fluctuations  and  difficulty  in forecasting operating results;
changes  in  business  strategy  or development plans; business disruptions; the
ability  to  attract  and  retain  qualified  personnel;  the ability to protect
technology;  and  other  factors  referenced  in  this  and  previous  filings.

     The  Company  is  focused  on  building  a revenue stream from new merchant
accounts and from sharing processing revenues from those accounts with CardReady
International,  Inc.,  a  company  that Single Source has an option to purchase.

     There can be no assurances, however, that the Company will be successful in
building  a  revenue  stream.  Management  anticipates  that  the  Company  will
continue  to  operate  at a loss for the next fiscal year, and will have to fund
operations  through  the  sale  of  its stock in private placements, and/or from
borrowing.

     Given  these  uncertainties,  readers of this Form 10-KSB and investors are
cautioned  not  to  place undue reliance on such forward-looking statements. The
Company  disclaims  any  obligation  to  update  any such factors or to publicly
announce  the  result  of any revisions to any of the forward-looking statements
contained  herein  to  reflect  future  events  or  developments.

     2.     QUALIFIED  REPORT  OF  INDEPENDENT  CERTIFIED  PUBLIC  ACCOUNTANTS

     Our  independent  accountant  has  qualified  his  report, stating that the
audited financial statements of Single Source Financial Services Corporation for
the  annual  period  ending  October  31,  2002  have been prepared assuming the
Company  will  continue  as  a  going  concern.  They  note  that  the Company's
continued  existence  is  dependent upon its ability to generate sufficient cash
flows  from  operations  to  support  its  daily  operations  as well as provide
sufficient  resources to retire existing liabilities and obligations on a timely
basis.

     3.     CRITICAL  ACCOUNTING  ISSUES

     The  discussion  and  analysis  of  the  Company's  financial condition and
results  of  operations  are  based  upon its consolidated financial statements,
which  have  been  prepared  in  accordance with accounting principles generally
accepted  in  the  United  States. The preparation of these financial statements
requires  the  Company  to make estimates and judgments that affect the reported
amounts  of assets, liabilities, revenues and expenses. In consultation with its
Board  of  Directors, the Company has identified two accounting policies that it
believes  are  key  to  an  understanding of  its  financial  statements.  These
are important accounting policies  that  require  management's  most  difficult,
subjective  judgments.

                                        8
<PAGE>

     The first critical accounting policy relates to revenue recognition. Income
from  equipment  sales  is  recognized after the buyer receives its merchant and
terminal  identification  numbers  and is approved for any applicable financing.
Income  from  residuals  is  recognized  when  the  residual payment is actually
received.

     The  second  critical accounting policy relates to expense recognition. The
Company  recognizes  commissions  owed upon the actual receipt of payment on the
related  sale.  All  other  expenses  are recognized at the time the expense was
incurred.

DISCONTINUED  OPERATIONS

     As  indicated  on  November  7,  2000,  the  Company acquired Single Source
Electronic Transactions, Inc., which was accounted for as a reverse acquisition.
In  August  2001, a dispute arose between the Company and the seller of SSET and
in  settlement,  the  Seller  was  permitted  to keep the assets of SSET and the
historical  and  then  recurring  residual  stream.  After  this  settlement  we
continued to pay the ongoing operational expenses of SSET, such as its rent, and
invested additional money in an attempt to generate a new revenue stream through
new business.  This attempt proved unsuccessful and we abandoned SSET's business
plan.  As  a  result  of  this  abandonment  our  auditor  categorized SSET as a
discontinued operation.  A summary of the activity of the Company's discontinued
operations is reflected in footnote 12 to the accompanying financial statements.

     The  accompanying financial statements reflect the activity of SSET for the
years  ended  October  31, 2002 and October 31, 2001. Revenues from discontinued
operations  were  $33,049  for  the  year  ended  October  31, 2002, compared to
$965,191 for the same period a year earlier.  Revenues declined significantly in
the  year  ended October 31, 2002 due to the settlement of the SSET dispute, and
the  corresponding  loss  of a great majority of SSET's residual revenue stream.
All  revenues  for  the  year  ended  October  31,  2002 were as a result of the
residual  revenue stream from SSET that we maintained after the SSET settlement.
The  cost  of revenue for discontinued operations for the year ended October 31,
2002  were  $19,547,  compared  to  $214,464 for the same period a year earlier.
This  resulted in a gross profit from discontinued operations of $13,502 for the
year ended October 31, 2002, compared to $750,727 for the year ended October 31,
2001.  This decrease in gross profit was a result of the SSET settlement and the
loss  of  the residual revenue stream.  For the year ended October 31, 2002, net
losses from discontinued operations of the Company equaled $619,808, compared to
$1,044,903  from  the  same period one year earlier.   The net loss for the year
ended  October  31, 2002 was mainly a result of the Company investing additional
money  in SSET in an attempt to generate new business through SSET.  The Company
stopped  making  additional  investments  in  or  about  March  2002.

     Through  the entire period that the Company operated SSET, it operated at a
loss,  and  there  can be no assurance that this trend would have changed if the
Company  continued  operating  it.

                                        9
<PAGE>

CONTINUING  OPERATIONS

RESULTS  OF  REVENUE

Revenue

     Revenues  from  continuing operations for the fiscal year ended October 31,
2002  were  $0, compared to revenues of $89,180 for the period ended October 31,
2001.

     The  decrease  in  revenues  is as a result of the transfer of the residual
income stream of SSET being diverted to a third party in settlement of a dispute
and  as  a  result  of SSET's remaining revenue being categorized as revenues to
discontinued  operations.  Management  of the Company has re-focused the Company
on  building  a  new  revenue stream from new merchant accounts and from sharing
processing  revenues  from  those accounts with CardReady International, Inc., a
company  that  Single  Source  has  an  option  to  purchase.

Cost  of  Revenue

     Cost of revenue from continuing operations was $0 for the fiscal year ended
October  31,  2002, as compared to $39,349 for the same period one year earlier.
Since  the Company did not have any revenue for the year ended October 31, 2002,
there  was  no  cost  of  revenue.

Gross  Profit

     The  gross profit from continuing operations for the year ended October 31,
2002  was  $0,  compared to $49,831 for the same period one year earlier.  Since
the  Company did not have any revenue for the year ended October 31, 2002, there
was  no  gross  profit.

Selling,  General  and  Administrative

     The  expenses  for  fiscal  year  ended October 31, 2002 were $74,743.  Our
expenses  decreased  by $226,310, down 75% (from $301,053 to $74,743) during the
fiscal  year  ended  October 31, 2002, compared to the same period in 2002.  Our
expenses  were made up primarily of general overhead.  The large decrease is due
to  the  fact  our  operations slowed down and the fact SSET is categorized as a
discontinued  operation.

Net  Losses

     The Company had a net loss of $676,062 for the year ended October 31, 2002,
as  compared to $1,322,581 for the fiscal year ended October 31, 2001.  The loss
for  the year ended October 31, 2002 consisted primarily of a $619,808 loss from
the  operations  of  Single  Source  Electronic  Transactions,  Inc., which is a
discontinued  operation.  As  discussed  above,  during  the  fiscal  year ended
October  31,  2002,  the  Company  transferred certain of the residual stream of
merchant accounts to the former owner of SSET.  In addition to this transaction,
the  Company  abandoned  certain  office  equipment  and  other  assets.

LIQUIDITY  AND  CAPITAL  REQUIREMENTS

     As  of  October 31, 2002, the Company had cash of $2,368, and total current
assets  of  $332,865.  Total  assets  were  $370,466.

                                       10
<PAGE>

     The Company's current liabilities were $650,913 as of October 31, 2002, and
total liabilities were $2,052,627.  The total liabilities consisted primarily of
long-term  debt  of  $1,361,351,  which  are  a  result of advances from related
parties.

                                       11
<PAGE>

ITEM  7  -  FINANCIAL  STATEMENTS

     Index  to  Consolidated  Financial  Statements

     Single  Source  Financial  Services  Corporation

     Report  of  Jonathon  P.  Reuben,  CPA                                  F-1

     Consolidated  Balance  Sheets  as  of  October  31,  2002               F-2

     Consolidated  Statements  of  Operations  for  the  years  ended
     October  31,  2002  and  2001                                           F-3

     Consolidated  Statements  of  Stockholder's  Equity  for  years
     ended October  31,  2002  and  2001                                     F-4

     Consolidated  Statements  of  Cash  Flows  for  the  years  ended
     October  31,  2002  and  2001                                           F-5

     Notes  to  the  Consolidated  Financial  Statements                     F-7

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

     None.

                                       12
<PAGE>

                                    PART III

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

Directors  and  Executive  Officers
-----------------------------------

     The  following table sets forth the names and ages of the current directors
and  executive officers of the Company, the principal offices and positions with
the  Company  held  by each person and the date such person became a director or
executive  officer  of  the  Company.  The executive officers of the Company are
elected  annually by the Board of Directors.  The directors serve one-year terms
until  their  successors are elected.  The executive officers serve terms of one
year  or  until  their  death, resignation or removal by the Board of Directors.
Unless  described  below,  there  are  no  family relationships among any of the
directors  and  officers.
<TABLE>
<CAPTION>
<S>                <C>  <C>
Name               Age  Position
-----------------  ---  ------------------------------------------------------------
Arnold F. Sock. .   49  President and Director (July 2000)
Harry L. Wilson .   58  Secretary, Chief Financial Officer, and Director (July 2000)
Pamela Becker . .   56  Director (July 2000)
Arlene Rosenblatt   66  Director (July 2000)
</TABLE>


     ARNOLD  F.  SOCK was elected a Director of Single Source Financial Services
Corporation  in  July 2000 and President in September 2000.  Since 1994 Mr. Sock
has  been  a  consultant  to  various businesses regarding business, management,
operations,  accounting,  financial  and  legal  matters.  He  has  also been an
officer  and/or  director  of  various  businesses.

     Mr.  Sock  currently  serves in the following capacities with the following
companies:  Mr.  Sock  is the President, Secretary, Treasurer, Sole Director and
Sole  Shareholder  of Debt Negotiators, Inc., Debt Alliance Service Corporation,
and  The Lyrics and Music Corporation.  Debt Negotiators, Inc. and Debt Alliance
Service  Corporation  have  loaned  money  to  Single  Source Financial Services
Corporation.

     Prior  to  becoming  President  of  Single  Source  Financial Services Cor-
poration,  Mr.  Sock  was  a  Director  and  President  of  Internet  Business's
International,  Inc., a publicly traded company (OTCBB: IBUI) from November 1998
through  August  1999.  Prior  to  that  Mr. Sock was Director of Operations for
Commercial  Ventures, Inc., a real estate investment company from September 1997
to  September 1998.  For the four years prior to that Mr. Sock provided business
consulting  services  to  a  wide  variety  of  businesses.

     Mr.  Sock  teaches  real  estate  law  for the Construction Management Cer-
tificate  program  at  California  State  University at Dominquez  Hills  as  an
Adjunct  Professor.  Mr.  Sock  has  an  Associate in Science degree in Business
Administration  and  a  Bachelor  of  Science  degree  in  Accounting from Roger
Williams  University,  a  Juris Doctorate degree from the University of West Los
Angeles  School  of  Law  and  a  Master  of  Laws  in Taxation from Golden Gate
University  Law  School.  Mr.  Sock  is  a  member  of the California State Bar.

     HARRY  L. WILSON was elected a Director of Single Source Financial Services
Corporation  in July 2000 and Secretary and Chief Financial Officer in September
2000.  From  December 1998 to June 2001, Mr. Wilson was President and a Director
of  Tax  Debt  Negotiators,  Inc.,  a  corporation  which provides assistance to
persons  with  state  and federal tax debt payment problems.  From 1997 to 1998,
Mr.  Wilson  was Secretary/Treasurer of IRS Solutions, which provides assistance
to  persons  with  state  and federal tax debt problems.  From 1994 to 1997, Mr.
Wilson  was  Director of Central Processing for Kaye Kotts, which negotiates the
resolution  of  IRS  collection  matters.  Mr.  Wilson  holds a Bachelor of Arts
degree  from  the  University  of  California  at  Santa Barbara and an MBA from
Pepperdine  University.

                                       13
<PAGE>

     PAMELA  BECKER  was  elected a Director of Single Source Financial Services
Corporation  in  July  2000.  Since  1991,  Mrs.  Becker  has  been  the  Escrow
Officer/Manager  of  Vera's Escrow and its predecessor First City Escrow.  Prior
to  1991,  Mrs.  Becker owned and operated various businesses including a Burger
King  franchise  and  several  hotels.  Mrs.  Becker  attended the University of
California  at  Berkeley  and  Boston  University.  Mrs. Becker is the mother of
Brandon  Becker.

     ARLENE  ROSENBLATT  was  elected  a  Director  of  Single  Source Financial
Services Corporation in July 2000.  For the past four years, Mrs. Rosenblatt has
acted  as  a Consultant to small businesses regarding computer-related problems.
Prior to commencing her consulting  practice,  Mrs.  Rosenblatt  served  for  31
years  as  a  high  school  teacher in California with certification in business
organizations, computers and math. Mrs. Rosenblatt is active with and has served
as  President  of  various  community  organizations  which  have an emphasis in
business  management and cost control. Mrs. Rosenblatt has a Bachelor of Science
degree  from  the  University  of  California  at  Los  Angeles.

     The  directors and officers of Single Source Electronic Transactions, Inc.,
the  wholly-owned  subsidiary  of  the  Company,  are Arnold F. Sock, President,
Secretary,  Treasurer,  and Director, Harry L. Wilson, Director, Brandon Becker,
Director,  Pamela  Becker,  Director,  and  Arlene  Rosenblatt,  Director.

Compliance  with  Section  16(a)  of  the  Securities  Exchange  Act  of  1934
------------------------------------------------------------------------------

     Section 16(a) of the Securities Exchange Act of 1934 requires the Company's
directors  and executive officers and persons who own more than ten percent of a
registered class of the Company's equity securities to file with the SEC initial
reports  of  ownership  and  reports of changes in ownership of Common Stock and
other  equity  securities  of the Company.  Officers, directors and greater than
ten  percent shareholders are required by SEC regulations to furnish the Company
with  copies  of  all  Section  16(a)  forms  they  file.

     To  the Company's knowledge, none of the required parties are delinquent in
their  16(a)  filings.

                                       14
<PAGE>

Board  Meetings  and  Committees
--------------------------------

     During  the  fiscal year ended October 31, 2002, the Board of Directors met
on  one  occasion  and  took  written  action  on numerous other occasions.  The
written  actions  were  by  unanimous  consent.

     There  are  no  committees  of  the  Board.

ITEM  10  -  EXECUTIVE  COMPENSATION

Executive  Officers  and  Directors

     None  of  our officers or directors are subject to employment agreements or
other  compensation  arrangements, and have not received any compensation during
the  last  fiscal  year.

Board  Compensation

     Directors of the Company receive no compensation as a Director but they are
entitled  to  reimbursement  for their travel expenses. The Company does not pay
additional  amounts  for  committee  participation or special assignments of the
Board  of  Directors.

                                       15
<PAGE>

ITEM  11  -  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS AND MANAGEMENT

     The following table sets forth, as of January 22, 2003, certain information
with  respect to the Company=s equity securities owned of record or beneficially
by  (i)  each  Officer  and  Director  of the Company; (ii) each person who owns
beneficially  more  than  5%  of  each class of the Company=s outstanding equity
securities;  and  (iii)  all  Directors  and  Executive  Officers  as  a  group.
<TABLE>
<CAPTION>
<S>             <C>                          <C>                   <C>
                Name and Address of          Amount and Nature of  Percent
Title of Class  Beneficial Owner (1)         Beneficial Ownership  of Class (2)
--------------  ---------------------------  --------------------  ------------

Common
Stock. . . . .  Arnold F. Sock                          5,687,500          9.0%

Common
Stock. . . . .  Harry L. Wilson                         1,016,924          1.6%

Common
Stock. . . . .  Pamela Becker                           3,742,132          6.0%

Common
Stock. . . . .  Arlene Rosenblatt                       5,742,132          9.9%

                Kendra Becker (3)
Common          12166 Sunset Blvd.
Stock. . . . .  Los Angeles, CA  90049                  3,672,684          5.8%

                Julie Rosenblatt (4)
Common          247 Bay Street
Stock. . . . .  Santa Monica, CA  90405                 3,672,688          5.8%

                Brandon Becker
Common          12166 Sunset Boulevard
Stock. . . . .  Los Angeles, CA 90049                   9,414,816         15.0%

                All Officers and Directors
                as a Group (4 Persons)                 16,188,688         25.7%
</TABLE>

     (1)  Unless  noted otherwise, the address of each shareholder is c/o Single
Source  Financial Services Corporation, 121 North San Vicente Boulevard, Beverly
Hills,  CA  90211.

     (2)  Based  on  62,886,453  shares  outstanding  as  of  January  22, 2003.

     (3)  Kendra  Becker  is  the  daughter  of  Pamela  Becker.

     (4)  Julie  Rosenblatt  is  the  daughter  of  Arlene  Rosenblatt.

     The Company believes that the beneficial owners of securities listed above,
based  on  information furnished by such owners, have sole investment and voting
power  with  respect  to  such  shares, subject to community property laws where
applicable.  Beneficial  ownership is determined in accordance with the rules of
the Commission and generally includes voting or investment  power  with  respect
to securities.  Shares  of  stock  subject  to  options  or  warrants  currently
exercisable,  or exercisable within 60 days, are deemed outstanding for purposes
of  computing the percentage of the person holding such options or warrants, but
are not deemed outstanding for purposes of computing the percentage of any other
person.

                                       16
<PAGE>

ITEM  12  -  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

Certain  Relationships  and  Related  Transactions
--------------------------------------------------

Single  Source  Electronic  Transactions,  Inc.

     On  November 7, 2000, we purchased 100% of the issued and outstanding stock
of  Single  Source  Electronic  Transactions,  Inc. for 10,012,500 shares of our
restricted common stock.  For accounting purposes, this transaction is viewed as
a  reverse acquisition of us by Single Source Electronic Transactions, Inc.  The
acquisition  was  made  in  order to permit us to acquire the business of Single
Source  Electronic Transactions,  Inc.  The  10,012,500  shares  of  our  common
stock  were  then  distributed  to  the shareholders of Single Source Electronic
Transactions,  Inc.  on  a  pro  rata  basis.

     In  this  regard,  it  should  be noted that Brandon Becker, Kendra Becker,
Martin Becker, and Pamela Becker are immediate family members of each other.  It
should also be noted that Sid Rosenblatt, Julie Rosenblatt and Arlene Rosenblatt
are  immediate  family  members  of  each other.  Finally, Arnold F. Sock, Esq.,
Michael  Sock,  and  Leona Sock are also immediate family members of each other.

CardReady  International,  Inc.

     On November 29, 2001, we signed a binding letter of intent (the "LOI") with
MBBRAMAR,  INC.,  a California corporation ("MBB") which included an irrevocable
option (the "Option") to acquire from MBB all of MBB's shares of common stock of
CardReady  International, Inc., a California corporation ("CardReady"), owned at
the  time  of  exercise  of the Option (the "CardReady Shares").  Currently, MBB
owns  over  96%  of  the  outstanding  common  stock  of  CardReady.

     On  April  29,  2002,  we,  together with MBB and CardReady, entered into a
First  Restated  Letter of Intent (the  "Restated LOI") which modified the terms
and  conditions  of  the  original  LOI.

     Under  the  terms  of  the  Restated  LOI,  we  may, at any time during the
eighteen  (18) months following the date of  execution  (the  "Option  Period"),
and upon thirty (30)  days  written  notice  (unless  extended  because  of  the
requirements  of the Securities and Exchange Commission or the corporate laws of
the  State  of  New  York,  including  the need to obtain shareholder approval),
acquire  all  of the MBB-owned CardReady Shares from MBB.  The purchase price to
be  paid for the CardReady Shares will be four million (4,000,000) shares of our
common  stock (the "SSFS Shares").  As additional consideration for the grant of
the Option, we agreed to loan to CardReady up to the sum of $500,000, payable in
traunches  as agreed between the parties, bearing no interest and repayable in a
balloon payment at the end of three (3) years from the date of the Restated LOI.

                                       17
<PAGE>

     The  Restated  LOI  contains certain unwinding provisions.  For a period of
three (3) years from the closing of the acquisition, if the closing bid price of
our  common stock as quoted on its primary exchange is less than $1.00 per share
for  thirty  (30) consecutive trading days, or if our common stock is not listed
for  trading  on  any  public  exchange  for a period of thirty (30) consecutive
trading  days,  or  if  the  trading  volume  of our common stock on its primary
exchange  is  less  than  250,000  shares  per  month  for three (3) consecutive
full-calendar  months, then MBB shall have the right, but not the obligation, to
purchase  the  CardReady Shares back from us for consideration equal to the SSFS
Shares  (as  adjusted for any stock splits or recapitalizations).  Additionally,
for  a  period  of  three  (3)  years  from  the  closing of the acquisition, if
CardReady  fails  for  a  period  of  thirty  (30)  consecutive business days to
maintain  a  relationship with a back-end processor and a bank, then we have the
right,  but  not  the  obligation, to "put" the CardReady Shares back to MBB for
consideration  equal  to  the  SSFS  Shares (as adjusted for any stock splits or
recapitalizations).

     MBB  is owned and controlled by Brandon Becker, who is a former director of
SSFS,  and  Martin  Becker  and Sid Rosenblatt, each of which is the spouse of a
director  of  SSFS.

     Also  on  April  29,  2002,  we  exercised  our  rights under the Option to
purchase  all of MBB's interest in CardReady in exchange for the issuance of the
SSFS  Shares.

     At  the  time  the  Restated  LOI  was  executed  it  was  anticipated  the
transaction  would close within one hundred twenty (120) days.  However, our due
diligence has resulted in a delay as a result of, including, but not limited to,
obtaining  audited financials from CardReady.  As a result it is now anticipated
that  the  acquisition will occur sometime in the latter part of 2003, providing
the  Company  has sufficient funds to complete the required audits of CardReady.

Other  Related  Party  Transactions

     a)     On  September  20, 2000, Single Source Electronic Transactions, Inc.
received  two  photocopiers  from  Venture  Capital  Investments  Group, Inc. by
assuming  the  leases  on  the equipment.  The first lease is payable in monthly
installments  of  $152, with the final installment due in June 2005.  The second
lease  was  payable  in monthly installments of $167, with the final installment
due  in  April  2001.

     b)     During  2000, Single Source Electronic Transactions, Inc. operations
were  partially  funded  through  advances  made  by  BAAMS, Inc., a Nevada cor-
poration,  an  affiliate.  The  amounts  advanced  are  evidenced  by promissory
notes  and are assessed interest at an annual rate of 8%.  The principal balance
and  accrued interest become fully due and payable in a balloon payment on April
1,  2006.

     On  October  31, 2000, the Company sold to BAAMS, Inc., all of its interest
in  residuals  earned  currently  and  in the future on all customer accounts in
existence  at  the  time of sale for $426,000.  Under the terms of the sale, the
loan balance owed to BAAMS, Inc. was reduced by the sales price.  The balance of
the  loan  as of October 31, 2002, amounted to $1,179,315.85, which consisted of
$1,015,281.03  in  advances  and  $164,034.82  in  accrued  interest.

     c)     Over  the  past  several  years, Arnold F. Sock, our President and a
Director,  has  loaned  money  to  both the Company and SSET.  As of October 31,
2002,  the  Company  owes Mr. Sock a total of $4,057.65, consisting of $4,000 in
principal  and  $57.65  in  interest.  The  amounts  advanced  are  evidenced by
promissory  notes  and  are  assessed  interest  at  an  annual rate of 8%.  The
principal balance and accrued interest become fully due and payable in a balloon
payment  on  April  1,  2006.

                                       18
<PAGE>

     As of October 31, 2002, the Company owes Mr. Sock a total of $40,683.57 for
loans  to  SSET,  consisting of $34,931.00 in principal and $5,752.57 in accrued
interest.  The  amounts  advanced  are  evidenced  by  promissory  notes and are
assessed  interest  at  an  annual rate of 8%. The principal balance and accrued
interest  become  fully  due  and payable in a balloon payment on April 1, 2006.

     d)     As  of  October  31,  2002,  the  Company  owes  BMS, a  partnership
which includes certain spouses of officers and directors of the Company, a total
of  $85,952.62,  consisting  of $78,200.00 in principal and $7,752.62 in accrued
interest,  for  loans to the Company. The principal balance and accrued interest
become  fully  due  and  payable  in  a  balloon  payment  on  April  1,  2006.

     e)     As  of  October  31,  2002,  the Company owes Debt Alliance Services
Corporation,  a corporation owned by an officer and director of the Company, for
loans  to the Company, a total of $52,347.46, consisting of $50,000 in principal
and $2,347.46 in accrued interest.  The Company also owes Debt Alliance Services
Corporation, for loans to SSET, a total of $35,626.84, which consists of $33,000
in  principal,  and  $2,626.84  in  accrued  interest.  The amounts advanced are
evidenced by promissory notes and are assessed interest at an annual rate of 8%.
The  principal  balance  and  accrued interest become fully due and payable in a
balloon  payment  on  April  1,  2006.

     f)     As  of  October 31, 2002, the Company owes Debt Negotiators, Inc., a
corporation  owned  by  an officer and director of the Company, for loans to the
Company,  a  total of $10,537.79, consisting of $10,000 in principal and $537.79
in  accrued interest.  The Company also owes Debt Alliance Services Corporation,
for  loans to SSET, a total of $5,347.04, which consists of $5,000 in principal,
and  $347.04  in  accrued  interest.  The  amounts  advanced  are  evidenced  by
promissory  notes  and  are  assessed  interest  at  an  annual rate of 8%.  The
principal balance and accrued interest become fully due and payable in a balloon
payment  on  April  1,  2006.

     g)     Since  August 2001, West Side Commercial Investments, LLC, an entity
owned  by  spouses  of  officers  and  directors  of the Company, has loaned the
Company $20,000.  As of October 31, 2002, the Company owes West Side $20,653.08,
which  consists  of  $20,000  in principal and $653.08 in accrued interest.  The
amounts  advanced are evidenced by promissory notes and are assessed interest at
an  annual  rate of 8%.  The principal balance and accrued interest become fully
due  and  payable  in  a  balloon  payment  on  April  1,  2006.

                                       19
<PAGE>

ITEM  13  -  EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (A)     EXHIBITS


     EXHIBIT  NO.         DESCRIPTION
     ------------         -----------

     3.1(1)               Certificate  of  Incorporation,  as  amended,  of  the
                          Registrant.

     3.2(1)               Bylaws  of  the  Registrant
__________
     (1)     Incorporated  by reference from Registrant's Registration Statement
on  Form  SB-2  filed  with  the  Commission  on  November  22,  2000.

     (B)     REPORTS  ON  FORM  8-K

     None.

ITEM  14  -  CONTROLS  AND  PROCEDURES

     The Company's Chief Executive Officer and Chief Financial Officer (or those
persons performing similar functions), after evaluating the effectiveness of the
Company's  disclosure controls and procedures (as defined in Rules 13a-14(c) and
15d-14(c)  under  the  Securities Exchange Act of 1934, as amended) as of a date
within 90 days of the filing of this annual report (the "Evaluation Date"), have
concluded that, as of the Evaluation Date, the Company's disclosure controls and
procedures  were  effective  to  ensure  the  timely  collection, evaluation and
disclosure  of  information  relating  to  the Company that would potentially be
subject to disclosure under the Securities Exchange Act of 1934, as amended, and
the  rules  and  regulations  promulgated thereunder.  There were no significant
changes  in  the  Company's  internal  controls  or  in other factors that could
significantly  affect  the  internal controls subsequent to the Evaluation Date.

                                       20
<PAGE>

                                   SIGNATURES

     In  accordance  with  Section 13 or 15(d) of The Securities Act of 1993, as
amended,  the  Company  caused  this  report  to  be signed on its behalf by the
undersigned,  thereto  duly  authorized.


                                    SINGLE SOURCE FINANCIAL SERVICES CORPORATION


Dated:  March  10,  2003                         By:  /s/ Arnold F. Sock
                                                      --------------------------
                                                      Arnold F. Sock
                                                      President and Director


     In  accordance  with  The Securities Exchange Act of 1934, as amended, this
report  has  been signed below by the following persons on behalf of the Company
and  in  the  capacities  and  on  the  date  as  indicated.


Dated:  March  10, 2003                          By:  /s/ Harry L. Wilson
                                                      --------------------------
                                                      Harry L. Wilson
                                                      Secretary, Chief Financial
                                                      Officer,
                                                                    and Director


Dated:  March  10,  2003                         By:  /s/  Pamela Becker
                                                      --------------------------
                                                      Pamela Becker
                                                      Director


Dated:  March  10,  2003                         By:  /s/ Arlene Rosenblatt
                                                      --------------------------
                                                      Arlene Rosenblatt
                                                      Director


                                       21
<PAGE>
                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER

     I, Arnold F. Sock, Chief Executive Officer of the registrant, certify that:

     1.  I  have  reviewed  this  annual  report on Form 10-KSB of Single Source
Financial  Services  Corporation;

     2.  Based  on  my knowledge, this annual report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not  misleading  with  respect to the period covered by this annual
report;

     3.  Based  on  my  knowledge, the financial statements, and other financial
information  included  in  this  annual  report,  fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
registrant  as  of,  and  for,  the  periods  presented  in  this annual report.

     4.  The  registrant's  other  certifying officers and I are responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rule  13a-14  and  15d-14)  for  the  registrant  and  have:

          a)  designed  such  disclosure  controls and procedures to ensure that
     material information relating to the registrant, including its consolidated
     subsidiaries,  is  made  known  to  us  by  others  within  those entities,
     particularly  during  the  period  in  which  this  annual  report is being
     prepared;

          b) evaluated the effectiveness of the registrant's disclosure controls
     and procedures as of a date within 90 days prior to the filing date of this
     annual  report  (the  "Evaluation  Date");  and

          c)  presented  in  this  annual  report  our  conclusions  about  the
     effectiveness  of  the  disclosure  controls  and  procedures  based on our
     evaluation  as  of  the  Evaluation  Date;

     5.  The  registrant's other certifying officers and I have disclosed, based
on  our  most  recent  evaluation,  to  the  registrant's auditors and the audit
committee  of  registrant's  board  of  directors  (or  persons  fulfilling  the
equivalent  functions):

          (i)  all  significant  deficiencies  in  the  design  or  operation of
     internal  controls which could adversely affect the registrant's ability to
     record,  process,  summarize, and report financial data and have identified
     for the registrant's auditors any material weaknesses in internal controls;
     and

          (ii)  any  fraud, whether or not material, that involves management or
     other  employees  who  have  a  significant  role  in the issuer's internal
     controls;  and

                                       22
<PAGE>

     6.  The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard  to  significant  deficiencies  and  material  weaknesses.

Dated:     March  10,  2003

/s/  Arnold  F.  Sock
-------------------------
Arnold  F.  Sock
Chief  Executive  Officer

                                       23
<PAGE>

                    CERTIFICATION OF CHIEF FINANCIAL OFFICER

     I,  Harry  L.  Wilson,  Chief  Financial Officer of the registrant, certify
that:

     1.  I  have  reviewed  this  annual  report on Form 10-KSB of Single Source
Financial  Services  Corporation;

     2.  Based  on  my knowledge, this annual report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not  misleading  with  respect to the period covered by this annual
report;

     3.  Based  on  my  knowledge, the financial statements, and other financial
information  included  in  this  annual  report,  fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
registrant  as  of,  and  for,  the  periods  presented  in  this annual report.

     4.  The  registrant's  other  certifying officers and I are responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rule  13a-14  and  15d-14)  for  the  registrant  and  have:

          a)  designed  such  disclosure  controls and procedures to ensure that
     material information relating to the registrant, including its consolidated
     subsidiaries,  is  made  known  to  us  by  others  within  those entities,
     particularly  during  the  period  in  which  this  annual  report is being
     prepared;

          b) evaluated the effectiveness of the registrant's disclosure controls
     and procedures as of a date within 90 days prior to the filing date of this
     annual  report  (the  "Evaluation  Date");  and

          c)  presented  in  this  annual  report  our  conclusions  about  the
     effectiveness  of  the  disclosure  controls  and  procedures  based on our
     evaluation  as  of  the  Evaluation  Date;

     5.  The  registrant's other certifying officers and I have disclosed, based
on  our  most  recent  evaluation,  to  the  registrant's auditors and the audit
committee  of  registrant's  board  of  directors  (or  persons  fulfilling  the
equivalent  functions):

          (i)  all  significant  deficiencies  in  the  design  or  operation of
     internal  controls which could adversely affect the registrant's ability to
     record,  process,  summarize, and report financial data and have identified
     for the registrant's auditors any material weaknesses in internal controls;
     and

          (ii)  any  fraud, whether or not material, that involves management or
     other  employees  who  have  a  significant  role  in the issuer's internal
     controls;  and

                                       24
<PAGE>

     6.  The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard  to  significant  deficiencies  and  material  weaknesses.

Dated:     March  10,  2003

/s/  Harry  L.  Wilson
----------------------------
Harry  L.  Wilson
Chief  Financial  Officer

                                       25
<PAGE>

                SINGLE SOURCE FINANCIAL SERVICES CORPORATION
                           FINANCIAL STATEMENTS

                                 CONTENTS
                                                                            PAGE

     Single  Source  Financial  Services  Corporation

     Report  of  Jonathon  P.  Reuben,  CPA                                  F-1

     Consolidated  Balance  Sheets  as  of  October  31,  2002               F-2

     Consolidated  Statements  of  Operations  for  the  years  ended
     October  31,  2002  and  2001                                           F-3

     Consolidated  Statements  of  Stockholder's  Equity  for  years
     ended October  31,  2002  and  2001                                     F-4

     Consolidated  Statements  of  Cash  Flows  for  the  years  ended
     October  31,  2002  and  2001                                           F-5

     Notes  to  the  Consolidated  Financial  Statements                     F-7

<PAGE>
                          Independent Auditor's Report


Board  of  Directors
Single  Source  Financial  Services  Corporation
Los  Angeles,  California

I  have  audited  the  accompanying  consolidated balance sheet of Single Source
Financial  Services  Corporation  as  of  October  31,  2002  and  the  related
consolidated statements of operations, cash flows, and stockholders' equity, for
the  two  years  then  ended.  These  consolidated  financial statements are the
responsibility  of  the Company's management. My responsibility is to express an
opinion  on  these  financial  statements  based  on  my  audits.

I  conducted  my audits in accordance with auditing standards generally accepted
in the United States. Those standards require that I plan and perform the audits
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.   I  believe  that my audits provide a reasonable basis
for  our  opinion.

In  my  opinion,  the  accompanying  consolidated  financial  statements present
fairly,  in  all  material  respects,  the  financial  position of Single Source
Financial  Services  Corporation  as of October 31, 2002, and the results of its
operations  and  its cash flows for the two years then ended, in conformity with
accounting  principles  generally  accepted  in  the  United  States.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company will continue as a going concern. As discuss in Note 16 to the financial
statements,  the Company has suffered recurring losses from operations and has a
net  capital deficiency, which raises substantial doubt about the its ability to
continue as a going concern. Management's plans regarding those matters also are
also  described  in  Note  16.  The  financial  statements  do  not  include any
adjustments  that  might  result  from  the  outcome  of  this  uncertainty.



Jonathon  P.  Reuben,  C.P.A.
An  Accountancy  Corporation
Torrance.  California
February  18,  2003


                                      F-1
<PAGE>
<TABLE>
<CAPTION>

SINGLE  SOURCE  FINANCIAL  SERVICES  CORP
CONSOLIDATED  BALANCE  SHEET
----------------------------

<S>                                                                   <C>
                                                                       OCTOBER 31,
                                                                          2002
                                                                      ------------

  ASSETS

    CURRENT ASSETS
      Cash and cash equivalents. . . . . . . . . . . . . . . . . . .  $     2,368
      Trade receivable . . . . . . . . . . . . . . . . . . . . . . .          185
      Loans receivable - related party . . . . . . . . . . . . . . .      329,000
      Loans receivable - other . . . . . . . . . . . . . . . . . . .        1,312
                                                                      ------------
        TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . . . .      332,865
                                                                      ------------

    PROPERTY AND EQUIPMENT
      Furniture. . . . . . . . . . . . . . . . . . . . . . . . . . .          992
      Office equipment . . . . . . . . . . . . . . . . . . . . . . .       12,656
                                                                      ------------
                                                                           13,648
      Accumulated depreciation . . . . . . . . . . . . . . . . . . .       (4,969)
                                                                      ------------
                                                                            8,679
                                                                      ------------

    OTHER ASSETS
      Note Receivable - long-term. . . . . . . . . . . . . . . . . .       28,922
                                                                      ------------

           TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . .  $   370,466
                                                                      ============


  LIABILITIES AND STOCKHOLDERS'   (DEFICIT)

    CURRENT LIABILITIES
      Income taxes payable . . . . . . . . . . . . . . . . . . . . .  $     1,600
      Accrued expenses . . . . . . . . . . . . . . . . . . . . . . .       46,122
      Current portion of debt relating to discontinued
          operations . . . . . . . . . . . . . . . . . . . . . . . .       83,028
      Loan payable - other . . . . . . . . . . . . . . . . . . . . .      424,000
      Current portion - long-term debt due related party . . . . . .       96,163
                                                                      ------------

        TOTAL CURRENT LIABILITIES. . . . . . . . . . . . . . . . . .      650,913


    Portion of long term debt  relating to discontinued
      operations . . . . . . . . . . . . . . . . . . . . . . . . . .       40,363
    Long term debt  due to related parties . . . . . . . . . . . . .    1,361,351
                                                                      ------------

        TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . . . .    2,052,627
                                                                      ------------

    STOCKHOLDERS' (DEFICIT)
      Common Stock, par value $.001, authorized 100,000,000 shares,
        issued and outstanding 59,743,993. . . . . . . . . . . . . .       59,744
      Paid-in capital. . . . . . . . . . . . . . . . . . . . . . . .      400,911
      Retained (Deficit) . . . . . . . . . . . . . . . . . . . . . .   (2,142,816)
                                                                      ------------

        TOTAL STOCKHOLDERS'  (DEFICIT) . . . . . . . . . . . . . . .   (1,682,161)
                                                                      ------------

           TOTAL LIABILITIES AND STOCKHOLDERS'  (DEFICIT). . . . . .  $   370,466
                                                                      ============
</TABLE>

See accompanying notes.
                                      F-2
<PAGE>
<TABLE>
<CAPTION>

SINGLE SOURCE FINANCIAL SERVICES CORP
CONSOLIDATED STATEMENTS OF OPERATIONS
--------------------------------------------------------------

                                                                                FOR THE YEAR ENDED
                                                                                    OCTOBER 31
                                                                     ---------------------------------------
                                                                             2002                2001

<S>                                                                  <C>                  <C>
  Revenues                                                           $                -   $         89,180
  Cost of revenues                                                                    -            (39,349)
                                                                     -------------------  -----------------
      Gross profit                                                                    -             49,831


  Selling, general, and administrative expenses                                 (74,743)          (301,053)


    Net (loss) from operations                                                  (74,743)          (251,222)

    Other income (expenses)
      Interest income                                                             1,834                465
      Interest expense                                                                -            (23,869)
                                                                     -------------------

        (Loss) before income taxes                                              (72,909)          (274,626)

        Provision for income tax                                                      -               (800)
                                                                     -------------------  -----------------

        (Loss) from continuing operations                            $          (72,909)  $       (275,426)
                                                                     -------------------  -----------------

        Discontinued operations
          Loss from operations of Single Source
            Electronic Transactions, Inc. operations                           (619,808)        (1,044,903)

          Loss from disposal of Single Source Electronic                              -
            Electronic Transactions, Inc. assets                                 (5,338)            (2,252)
                                                                     -------------------  -----------------
                                                                               (625,146)        (1,047,155)
                                                                                          -----------------

        (Loss) before extraordinary items                                      (698,055)        (1,322,581)

          Extraordinary item - gain on extenguishment of debt                    21,993                  -
                                                                     -------------------  -----------------

              Net loss                                               $         (676,062)  $     (1,322,581)
                                                                     ===================  =================

              Basic (Loss) Per Share
                Continued operations . . . . . . . . . . . . .       $ *                  $          (0.01)
                Discontinued operatiions                                          (0.01)             (0.03)
                                                                     -------------------  -----------------
                                                                                  (0.01)             (0.04)
                 Extraodinary gain . . . . . . . . . . . . . .         *                                 -
                                                                     -------------------  -----------------
                                                                                  (0.01)  $          (0.04)
                                                                     ===================  =================


              Weighted average shares outstanding                            58,735,037         47,906,246
                                                                     ===================  =================

              * Less the $.(.01) loss per share
</TABLE>

See accompanying notes.
                                      F-3
<PAGE>

<TABLE>
<CAPTION>

SINGLE SOURCE FINANCIAL SERVICES CORP
STATEMENT OF STOCKHOLDERS' DEFICIT


<S>                                               <C>           <C>          <C>           <C>
                                                                             ADDITIONAL
                                                       COMMON STOCK          PAID-IN       RETAINED
                                                  SHARES        AMOUNT       CAPITAL       DEFICIT
                                                  ------------  -----------  ------------  ---------------

           BALANCE - OCTOBER 31, 2000. . . . . .    47,380,493  $    47,380  $          -        (143,903)

    Shares issued for services . . . . . . . . .    10,100,000       10,100       116,150               -
    Net loss for the year ended October 31, 2001             -            -             -      (1,322,851)
                                                  ------------  -----------  ------------  ---------------

           BALANCE - OCTOBER 31, 2001. . . . . .    57,480,493       57,480       116,150      (1,466,754)

    Shares issued for services . . . . . . . . .     2,263,500        2,264       277,261               -
    Contributed office rent. . . . . . . . . . .             -            -         7,500
    Net loss for the year ended October 31, 2002             -            -             -        (676,062)
                                                  ------------  -----------  ------------  ---------------

           BALANCE - OCTOBER 31, 2002. . . . . .    59,743,993  $    59,744  $    400,911  $   (2,142,816)
                                                  ============  ===========  ============  ===============
</TABLE>
See accompanying notes.
                                      F-4
<PAGE>

<TABLE>
<CAPTION>

SINGLE SOURCE FINANCIAL SERVICES CORP
CONSOLIDATED STATEMENTS OF CASH FLOWS

<S>                                                         <C>               <C>
                                                                       FOR THE YEAR
                                                                           ENDED
                                                                        OCTOBER 31,
                                                                  2002               2001
                                                            ----------------  -----------------

  CASH FLOWS FROM OPERATING ACTIVITIES
                                                            $      (676,062)  $     (1,322,851)
    Adjustments to reconcile net loss to net cash
      provided by operating activities:
        Depreciation and amortization. . . . . . . . . . .            2,743              3,341
        Contributed rent . . . . . . . . . . . . . . . . .            7,500                  -
        Interest income. . . . . . . . . . . . . . . . . .           (1,834)            (1,778)
        Interest expense . . . . . . . . . . . . . . . . .          107,530             68,430
        Bad debt . . . . . . . . . . . . . . . . . . . . .                -              9,750
        Common stock issued for services . . . . . . . . .          279,525            126,250
        Loss on abandonment of leasehold improvements. . .            5,338                  -
        (Increase) Decrease in Assets
          (Increase) decrease in trade receivable. . . . .              115               (300)
          (Increase) decrease in inventories . . . . . . .           23,212             18,985
          (Increase) decrease in deposits and other assets                -              6,938
        Increase (Decrease) in Liabilities
          Increase (decrease) in bank overdraft. . . . . .          (14,066)            (3,631)
          Increase (decrease) in income tax payable. . . .                -                800
          Increase (decrease) in accounts payable. . . . .           66,138             23,942
          Increase (decrease) in accrued payroll . . . . .                -             (7,122)
                                                            ----------------  -----------------

        NET CASH USED IN OPERATING ACTIVITIES. . . . . . .         (199,861)        (1,077,246)
                                                            ----------------  -----------------

  CASH FLOWS FROM INVESTING ACTIVITIES
    Advances to Card Ready International, Inc. . . . . . .         (259,000)           (70,000)
    Advances to employees. . . . . . . . . . . . . . . . .                -             (1,200)
    Equipment acquisition. . . . . . . . . . . . . . . . .           (3,062)            (6,919)
                                                            ----------------  -----------------


        NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES .         (262,062)           (78,119)
                                                            ----------------  -----------------


  CASH FLOWS FROM FINANCING ACTIVITIES
    Advances from related parties. . . . . . . . . . . . .          133,000          1,204,235
    Advances from others . . . . . . . . . . . . . . . . .          344,000                  -
    Repayments on related party loans. . . . . . . . . . .          (15,100)           (53,323)

        NET CASH PROVIDED BY FINANCING ACTIVITIES. . . . .          461,900          1,150,912
                                                            ----------------  -----------------

        NET INCREASE (DECREASE) IN CASH AND CASH
          EQUIVALENTS. . . . . . . . . . . . . . . . . . .              (23)            (4,453)

        BEGINNING BALANCE - CASH AND CASH EQUIVALENTS. . .            2,391              6,844
                                                            ----------------  -----------------

        ENDING BALANCE - CASH AND CASH EQUIVALENTS . . . .  $         2,368   $          2,391
                                                            ================  =================
</TABLE>
See accompanying notes.
                                      F-5
<PAGE>

<TABLE>
<CAPTION>

SINGLE SOURCE FINANCIAL SERVICES CORP
CONSOLIDATED STATEMENTS OF CASH FLOWS


SUPPLEMENTAL INFORMATION:

CASH PAID FOR:
                                        FOR THE YEAR
                                            ENDED
                                         OCTOBER 31,
<S>                                    <C>     <C>
                                        2002    2001
                                       ------  ------

          Interest Expense. . . . . .  $  560  $   60

          Income Taxes. . . . . . . .  $    -  $    -
</TABLE>

See accompanying notes.
                                      F-6
<PAGE>

SINGLE SOURCE FINANCIAL SERVICES CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE  1  -  ORGANIZATION

Single  Source  Financial Services Corporation. (the "Company") was incorporated
in  New  York  on September 19, 1994 under the name Ream Printing Paper Corp. In
November  2000, the Company acquired Single Source Electronic Transactions, Inc.
("SSET").

In  August  2001,  a  dispute  arose between the Company and the seller of SSET.
Under  the  terms of the settlement, the seller received the historical residual
stream  generated  on  all  sales  made  prior  to  July 31, 2001. For financial
reporting  purposes,  the  Company  treated  this transaction as a disposal of a
business  segment.  (See  Note  12)

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

ACCOUNTS  RECEIVABLE
--------------------

Accounts receivable are reported at the customers' outstanding balances less any
allowance  for  doubtful  accounts.  Interest is not accrued on overdue accounts
receivable.

ALLOWANCE  FOR  DOUBTFUL  ACCOUNTS
----------------------------------

The  allowance for doubtful accounts on accounts receivable is charged to income
in  amounts sufficient to maintain the allowance for uncollectible accounts at a
level  management believes is adequate to cover any probable losses.  Management
determines  the  adequacy  of  the  allowance  based  on  historical  write-off
percentages  and  information  collected  from  individual  customers.  Accounts
receivable  are  charged  off  against  the  allowance  when  collectibility  is
determined  to  be  permanently  impaired  (bankruptcy, lack of contact, account
balance  over  one  year  old,  etc.).

As  of  October 31, 2002, the Company did not establish any reserve for doubtful
accounts.

PROPERTY  AND  EQUIPMENT
------------------------

Property  and equipment are stated at cost.  Major renewals and improvements are
charged to the asset accounts while replacements, maintenance and repairs, which
do  not  improve or extend the lives of the respective assets, are expensed.  At
the  time property and equipment are retired or otherwise disposed of, the asset
and  related  accumulated  depreciation  accounts are relieved of the applicable
amounts.  Gains  or  losses from retirements or sales are credited or charged to
income.

Single  Source  Financial  Services  Corporation  depreciates  its  property and
equipment  as  follows:

                                      F-7
<PAGE>

Financial  statement  reporting  -  straight  line  method  as  follows:

     Furniture  and  fixtures      5  years
     Computer  equipment           5  years
     Telephone  equipment          5  years

LONG-LIVED  ASSETS
------------------

Statement  of  Financial  Accounting  Standards  No.  121,  "Accounting  for the
Impairment  of  Long-Lived  Assets and for Long-Lived Assets to be Disposed Of,"
requires  that  long-lived  assets be reviewed for impairment whenever events or
changes  in circumstances indicate that the historical cost-carrying value of an
asset  may no longer be appropriate.  The Company assesses recoverability of the
carrying  value  of an asset by estimating the future net cash flows expected to
result  from  the asset, including eventual disposition.  If the future net cash
flows  are  less  than  the  carrying  value of the asset, an impairment loss is
recorded  equal  to  the  difference between the asset's carrying value and fair
value.

NET  LOSS  PER  SHARE
---------------------

The  Company  adopted  the  provisions  of  Statement  of  Financial  Accounting
Standards  ("SFAS")  No.  128,  "Earnings  Per  Share"  ("EPS") that established
standards  for  the  computation,  presentation  and  disclosure of earnings per
share,  replacing  the  presentation of Primary EPS with a presentation of Basic
EPS.

CASH  AND  CASH  EQUIVALENTS
----------------------------

For purposes of the statement of cash flows, the Company considers cash and cash
equivalents  to include all stable, highly liquid investments with maturities of
three  months  or  less.

ACCOUNTING  ESTIMATES
---------------------

Management  uses  estimates and assumptions in preparing financial statements in
accordance  with  generally  accepted  accounting  principles.  Those  estimates
and assumptions affect the reported  amounts  of  assets  and  liabilities,  the
disclosure  of  contingent assets and liabilities, and the reported revenues and
expenses.  Actual  results  could  vary  from  the  estimates  that  were  used.

INCOME  TAXES
-------------

The  Company  accounts for its income taxes under the provisions of Statement of
Financial  Accounting  Standards  109 ("SFAS 109"). The method of accounting for
income  taxes  under  SFAS  109  is an asset and liability method. The asset and
liability method requires the recognition of deferred tax liabilities and assets
for  the  expected  future tax consequences of temporary differences between tax
bases  and  financial  reporting  bases  of  other  assets  and  liabilities.

                                      F-8
<PAGE>

FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS
---------------------------------------

Pursuant to SFAS No. 107, "Disclosures About Fair  Value  of  Financial  Instru-
ments",  the  Company  is  required  to estimate the fair value of all financial
instruments  included  on  its balance sheet as of October 31, 2002. The Company
considers  the  carrying  value  of  such amounts in the financial statements to
approximate  their  face  value.

REVENUE  AND  COMMISSION  EXPENSE  RECOGNITION  -DISCONTINUED  OPERATIONS
-------------------------------------------------------------------------

Income from equipment sales was recognized after the buyer received its merchant
and  terminal  identification numbers was approved for any applicable financing.

Income  from  residuals  was  recognized  when  the residual payment is actually
received.

The  Company  recognized  commissions owed upon the actual receipt of payment on
the  related  sale.

PRINCIPLES  OF  CONSOLIDATION
-----------------------------

The  consolidated  financial  statements  include  the accounts of Single Source
Financial  Services  Corporation  and  its wholly owned subsidiary Single Source
Electronic  Transactions,  Inc.

All  material  inter-company  accounts  and  transactions  have been eliminated.

ADVERTISING
-----------

Single  Source  Financial  Services  Corporation  and  Single  Source Electronic
Transactions,  Inc.  expenses  all advertising as incurred.  For the years ended
October  31,  2002  and  2001,  the Companies charged to discontinued operations
$32,381  and  $60,895,  respectively.

RECENT  ACCOUNTING  PRONOUNCEMENTS
----------------------------------

The  FASB  recently  issued  the  following  statements:

     FASB  144  - Accounting for the Impairment or Disposal of Long-Lived Assets

                                      F-9
<PAGE>

     FASB  145  - Rescission  of  FASB  Statements 4, 44 and 64 and Amendment of
                  FASB 13
     FASB  146  - Accounting  for  Costs  Associated  with  Exit  or  Disposal
                  Activities
     FASB  147  - Acquisitions  of  Certain  Financial  Institutions
     FASB  148  - Accounting  for  Stock-Based  Compensation

These  FASB  statements  did  not  have, or are not expected to have, a material
impact  on  the  Company's  financial  position  and  results  of  operations.

NOTE  3  -  NOTES  AND  LOANS  RECEIVABLE  -  OTHER

     a.   In  August 2000, The Company advanced to an employee $25,000, which is
          evidenced  by  a  promissory note. The loan is assessed interest at an
          annual  rate  of 7%. The loan matures in July 2003, when the principal
          balance  and  accrued  interest become fully due and payable. Interest
          accrued on this loan for the two years ended October 31, 2002 and 2001
          was $1,750 and $1,750, respectively, which was credited to operations.

     b.   On  July 3, 2001, the Company advanced $1,200 to an employee. The loan
          is  unsecured  and  is  assessed interest at an annual rate of 7%. The
          loan  matures  on  July 2, 2004, when all unpaid principal and accrued
          interest  is  fully due and payable. Interest accrued on this loan for
          the  two  years  ended  October  31,  2002  and  2001 was $84 and $28,
          respectively,  which  were  credited  to  operations

NOTE  4  -LOANS  RECEIVABLE  -  RELATED  PARTY

On  October  2002,  the Company made total advances of  $329,000 advance to Card
Ready  International, Inc. ("Card Ready") pursuant to a binding letter of intent
under  which  the  Company has agreed to advance up to $500,000 to Card Ready in
incremental  installments.  Under  the  letter  of  intent,  the Company has the
irrevocable  option  to  purchase  Card  Ready from MBBRAMAR, Inc. a corporation
wholly  owned  by  shareholders  of  the  Company.

NOTE  5  -  PROPERTY  AND  EQUIPMENT

Depreciation  charged to discontinued operations for the two years ended October
31, 2002 and 2001 amounted to $1600 and $220, respectively. Depreciation charged
to  continuing  operations  for  the  year ended October 31, 2002 and 2001, were
$1,142  and  $529,  respectively.

                                      F-10
<PAGE>

NOTE  6.     PAYABLE  ON  CUSTOMER  LEASE  CHARGEBACKS

Pursuant  to agreements with two leasing companies, the Company was obligated to
assume  the  cost  of  leases  entered  into  by  its customers who subsequently
defaulted  under  the terms of their respective leases. The total amount assumed
under  these  agreements  totaled  $78,502,  which  was  charged to discontinued
operation in 2002. The remaining balance at October 31, 2002 totaled $61,806 and
is  payable  in  monthly  installments without interest through December 2006 as
follows:

          October  31,  2003       $21,443
          October  31,  2004        19,290
          October  31,  2005        18,215
          October  31,  2006         2,858
                                   -------
                                   $61,806
                                   =======

This  obligation is included in the accompanying balance sheet and classified as
debt  relating  to  discontinued  operations.

NOTE  7  -  RELATED  PARTY  TRANSACTIONS

     a)   During  2001  and 2000, the Company's operations were partially funded
          through  advances made by B.A.A.M.S., Inc., a corporation wholly owned
          by  two  shareholders.  The  amounts advanced are evidenced by various
          promissory  notes  and  are assessed interest at an annual rate of 8%.
          Each  note  matures  in  thirty-six  months  from the date of advance.

          The  balance  of  the  loan  as  of  October  31,  2002,  amounted  to
          $1,179,315,  which  consisted  of  principal of $1,015,280 and accrued
          interest  of  $164,035.

          The  two  shareholders  of  B.A.A.M.S.  and their immediate family own
          approximately  70%  of  the  Company's  outstanding  common  stock.

          Interest charged to discontinued operations for the year ended October
          31,  2001  and  2002  amounted  to $42,650, and $89,952, respectively.
          Interest  charged  to  continuing  operations  2001  amounted $21,689.

     b)   During 2002 and 2001, the Company received advances from its President
          in  the  amount  of  $38,931.  The  amounts  advanced are evidenced by
          various  promissory  notes and are assessed interest at an annual rate
          of  8%.  Each  note  matures  in  thirty-six  months  from the date of
          advance.

                                      F-11
<PAGE>

          The  balance at October 31, 2002, amounted to $44,741, which consisted
          of  principal  of  $38,931  and  accrued  interest  of $5,810. Accrued
          interest  of $1,911 and $3,156 were charged to discontinued operations
          in  2001  and  2002  respectively.  Interest  charged  to  continuing
          operations  in  2001  amounted  to  $743,  respectively.

     c)   During 2002 and 2001, the Company received advances from four entities
          controlled  by  the  Directors  of  the Company totaling $228,700. The
          amounts  advanced  are  evidenced  by various promissory notes and are
          assessed  interest  at  an  annual  rate  of  8%. Each note matures in
          thirty-six months from the date of advance. The balance of these notes
          including  accrued  interest  as  of  October  31,  2002  amounted  to
          $233,457.  Accrued  interest  of  $29  and  $14,421  were  charged  to
          discontinued  operations  in  2001  and  2002,  respectively. Interest
          charged  to  continuing  operations  in 2001 was $1,407, respectively.

     d)   The  Company  has experienced losses for the years ended  October  31,
          2001 and 2000 of $ $676,062 and $1,322,851, respectively.  The Company
          also  has liabilities in excess of assets at October 31, 2002 totaling
          $1,706,813. Certain shareholders of the Company have committed to fund
          any  shortfalls  necessary  to  meet  the Company's obligations for at
          least  the  next  twelve  months.

     e)   The  Company  operates  from the offices of Card Ready without charge.

          A schedule of maturities of long term indebtedness due related parties
          is  as  follows:

               October  31,  2003       $   96,163
               October  31,  2004        1,233,257
               October  31,  2005          128,094
                                        ----------
                                        $1,457,514
                                        ==========

NOTE  8  -  TROUBLED  DEBT  RESTRUCTURING

During  2002,  the Company entered into agreements with five creditors to modify
and  reduce  the  obligations to them by the Company. The total amount due these
five  vendors  of  $37,713  was  reduced  to $15,720, resulting on a net gain of
$21,993.  Of  the balance due, $2,584 was paid in 2002 and the remaining balance
of  $13,136  is  payable  in  one  monthly  installment  of  $3,713, one monthly
installment  of  $1,613,  and  ten  monthly  installments  of  $781.

                                      F-12
<PAGE>

NOTE  9  -  INCOME  TAXES

Deferred income taxes arise from temporary differences resulting from income and
expense  items  reported  for financial accounting and tax purposes in different
periods.  Deferred  taxes are classified as current or non-current, depending on
the  classification  of  the  assets  and  liabilities  to  which  they  relate.

Significant  components  of  the Company's deferred tax assets are as follows at
October  31,  2002:

               Net  operating  losses             $ 2,159,968
               Less  valuation  allowance          (2,159,968)
                                                  ------------
                    Net  deferred  tax  asset     $         -
                                                  ============

The  valuation  allowance  increased approximately $693,000 in 2002 representing
all  of  the  net  operating  loss  for  the  year  ended  October  31,  2002.

The  allowance  was  provided  for by the Company which reduced the tax benefits
accrued  for  its net operating losses to zero, as it cannot be determined when,
or  if,  the  tax benefits derived from these operating losses will materialize.

The  Company  has  available  at October 31, 2002 $2,159,968 of unused operating
loss  carryforwards  that  may  be  applied  against future taxable income which
expire  in  various  years  throughout  2022.

NOTE  10  -  LOAN  PAYABLE

In  October  2001  and  2002,  the  Company received a total of $424,000 from an
unrelated  party. In exchange for the amounts received, the Company was to issue
a  number  of  convertible  preferred  shares.  The  terms  of  the loan and its
subsequent  repayment  are  currently  under  negotiations.

NOTE  11  -  CONTINGENCIES

During  2002,  certain parties have filed suit against the Company for breach of
contract  and  fraud  in  connection  with  services allegedly provided by these
individuals.  Damages  demanded from the Company amount to $250,000. The Company
cross-complained  for breach of contract and other alleged actions, demanding an
amount  in  excessive of the $250,000. Management believes that the Company will
be  successful  in defending against the complaint and thus no amounts have been
accrued  in  these  financial  statements.

                                      F-13
<PAGE>

NOTE  12  -  DISCONTINUED  OPERATIONS

     As indicated above, the Company transferred the residual stream of merchant
     accounts  to the former owner of SSET. In addition to this transaction, the
     Company  abandoned  certain  office equipment and other assets. The Company
     accounted  for this transaction as a disposal of a segment ofitsoperations.
     Discontinued  operations  for the two years ended October 31, 202 and 2001,
     consist  of  the  following:

<TABLE>
<CAPTION>
SINGLE SOURCE FINANCIAL SERVICES. INC.
CONSOLIDATED STATEMENT OF OPERATIONS - DISCONTINUED OPERATIONS
---------------------------------------------------------------

<S>                                              <C>               <C>
                                                   FOR THE YEAR      FOR THE YEAR
                                                       ENDED             ENDED
                                                 OCTOBER 31, 2002  OCTOBER 31, 2001
-----------------------------------------------  ----------------  ----------------

  Revenues. . . . . . . . . . . . . . . . . . .           33,049           965,191
  Cost of revenues. . . . . . . . . . . . . . .          (19,547)         (214,464)
                                                 ----------------  ----------------
    Gross profit. . . . . . . . . . . . . . . .           13,502           750,727

  Selling, general, and administative expenses.         (525,220)       (1,752,353)
                                                 ----------------  ----------------

      Net Income (Loss) from operations . . . .         (511,718)       (1,001,626)

    Other income (expense)
      Interest income . . . . . . . . . . . . .                -             1,313
      Interest expense. . . . . . . . . . . . .         (108,090)          (44,590)
                                                 ----------------  ----------------

        Net Loss before income taxes. . . . . .         (619,808)       (1,044,903)

        Provision for income tax. . . . . . . .                -                 -
                                                 ----------------  ----------------

        Net Loss. . . . . . . . . . . . . . . .         (619,808)       (1,044,903)
                                                 ================  ================

</TABLE>

                                      F-14
<PAGE>

NOTE  13  -  STOCKHOLDERS'  EQUITY

Common  Stock
-------------

The  holders of the Company's common stock are entitled to one vote per share of
common  stock  held.

Preferred  Stock
----------------

The holders of preferred stock have certain preferential rights over the holders
of  the  Company's  common shares. Dividend features or voting rights are at the
descretion  of  the  Board  of  Directors without the requirement of shareholder
approval.

Issuances  Involving  Non-cash  Consideration
---------------------------------------------

All  issuances  of  the  Company's  stock  for  non-cash consideration have been
assigned  a  dollar amount equaling either the market value of the shares issued
or  the  value of consideration received whichever is more readily determinable.

On  December  14, 2001, the Company issued 313,500 shares of its common stock to
various  consultants.  The  shares  were  valued  at  $47,025.

On  March  4,  2002,  the  Company  issued  25,000 shares of its common stock in
settlement  of  a  lawsuit  regarding alleged services rendered. The shares were
valued  at  $7,500.

On  April  24,  2002, the Company issued 1,500,000 shares of its common stock to
various  consultants.  The  shares  were  valued  at $180,000. These shares were
issued  under  the provisions of the Company's 2002 Omnibus Securities Plan (See
Note  14).

On  May  14,  2002,  the  Company  issued  125,000 shares of its common stock to
various consultants. The shares were valued at $15,000. These shares were issued
under the provisions of the Company's 2002 Omnibus Securities Plan (See Note 14)

On  May  30,  2002,  the  Company  issued  200,000 shares of its common stock to
various consultants. The shares were valued at $24,000. These shares were issued
under the provisions of the Company's 2002 Omnibus Securities Plan (See Note 14)

                                      F-15
<PAGE>

On  June  11,  2002  the  Company issued 100,000 shares of its common stock to a
consultant. The shares were valued at $6,000. These shares were issued under the
provisions  of  the  Company's  2002  Omnibus  Securities  Plan  (See  Note  14)

NOTE  14  -  EMPLOYEE  STOCK  PLAN

On  April  19,  2002,  the  Company  formed the Single Source Financial Services
Corporation  2002 Omnibus Securities Plan. Under the plan, the Company may grant
options  or issue stock to selected employees, directors, and consultants for up
to  3,000,000  shares. The exercise price of each option is at the discretion of
the  Board of Directors but can not be less than 85% of the fair market value of
a  share  at the date of grant (100% of fair market value for 10% shareholders).
The vesting period of each option granted is also at the discretion of the Board
of  Directors,  but each option granted shall vest at a rate of no less than 20%
per  year  from  date  of  grant.  As  of October 31, 2002, no options have been
granted. However, the Company issued 1,925,000 shares of common stock to various
consultants  though  the  plan  as  discussed  in  Note 12 above. Following is a
summary  of  the  status  of  the  plan  as  of  October  31,  2002:

                                                 Weighted  Average
                                                  Exercise  Price
                                                ------------------

          Shares  Exercised       1,925,000          $     .13
                                 ==========             ------

NOTE  15  -  SUBSEQUENT  EVENTS

On  December  18,  2002, the Company issued 1,000,000 shares of its common stock
for  consulting  services. Also on December 18, 2002, the Company issued 650,000
shares  to  an  unrelated  third  party in cancellation of indebtedness totaling
$50,000.

On  December  20,  2002, the Company issued 1,000,000 shares of its common stock
for  consulting  services.

On  January  10, 2003, the Company issued 287,300 shares of its common stock for
consulting  services.

                                      F-16
<PAGE>

NOTE  16  -  MANAGEMENT'S  DISCUSSION  ON  FUTURE  OPERATIONS

Since  its  inception, the Company has had recurring losses totaling $2,142,816.
Significantly  all  of  the  losses  have been funded by shareholder and officer
loans.  During 2002, the Company discontinued its business relating to the sales
and  leasing  of  electronic  processing  equipment to merchants, from which the
majority  of  the  Company's  losses  relate, thereby significantly reducing the
Company's  overhead.  As  discussed  in  Note 4, the Company has the irrevocable
options  to  acquire  Card  Ready  International,  Inc.,  a  going-concern, from
shareholders  of  the Company, which it intends to exercise at some future date.

Management  has  been  successful  in  negotiating  the reduction of amounts due
vendors  and  establishing new payments terms. Management plans on continuing to
negotiate with other venders. Management also anticipates advancing funds to the
Company  on  an as needed basis and also plans on seek new capital through stock
and  debt  offerings.

                                      F-17
<PAGE>