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, 2001

[   ]     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.       $89,180

     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.)  $7,429,784, based on the closing price of
$0.26  for  the  common  stock  on  January  25,  2002.

     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, 2001,
there  were  57,480,493  shares  of  common  stock, par value $0.001, issued and
outstanding.  As  of  January  25  2002,  there were 57,793,993 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.



<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 which was 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 our corporation to Single Source Financial
Services  Corporation  which  name  change  took  place  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
Transactions, Inc., and our revenue decreased by over 90%. Since August 2001, we
have  received  only  nominal  revenues  from the residual income stream that we
acquired.  We  have  resolved  the  dispute  with  the  third  party, subject to
execution  of  final settlement documents, which provides that they are entitled
to  keep  the  historical  residual  income  stream.

                                        2
<PAGE>

     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
year.

CardReady  International,  Inc.

     On  December  3,  2001, we signed a binding letter of intent with MBBRAMAR,
INC.,  a California corporation, which included an irrevocable option to acquire
from  MBBRAMAR  all  of  MBBRAMAR's  shares  of  common  stock  of  CardReady
International,  Inc., a California corporation, owned at the time of exercise of
the  Option.  Currently,  MBBRAMAR owns over 96% of the outstanding common stock
of  CardReady.

     Under  the  terms  of  the  Letter  of Intent, the Company may, at any time
during  the 18 months following the date of execution, 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 CardReady
shares  from  MBBRAMAR.  The  purchase  price  to be paid by the Company for the
CardReady  Shares  will  be  equal to the value of CardReady as determined by an
agreed-upon  third  party valuation divided by fifty percent (50%) of the lowest
closing bid price for our common stock during the thirty (30) trading days prior
to  the  closing,  but in no event will the purchase price exceed thirty million
(30,000,000)  shares.

     As  additional consideration for the grant of the option, we agreed to loan
to  CardReady  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  hereof.

     The  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 MBBRAMAR shall have the right, but not the obligation, to purchase
the  CardReady  shares back from us for consideration equal to the number of our
shares  issued  in  the  original  purchase (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 shall have the right, but not the obligation, to "put" the
CardReady  shares  back to MBBRAMAR for consideration equal to the number of our
shares  issued  in  the  original  purchase (as adjusted for any stock splits or
recapitalizations).

                                        3
<PAGE>

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

     It  is  our  intention to exercise our option and acquire CardReady when it
reaches  certain  revenue  levels,  which  have  not  yet  been  determined.

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 potential 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 will seek to operate as a corporate independent sales
organization  (ISO)  and  also  to recruit and provide support services to other
ISO's  who will produce merchant accounts, and also to produce merchant accounts
through other means for CardReady Inernational, Inc., who is expected to provide
processing  for all approved merchant accounts generated by the subsidiary, with
revenue  to  be  split  between  them  in  a  ratio  to  be  determined.

     We  have  no  patents,  trademarks,  licenses,  franchises,  concessions,
royalties  or  labor  contracts.

     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 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.

                                        4
<PAGE>

     We currently do not have any employees, although we do have one independent
contractor  who  is  attempting to generate sales for our business. Our officers
and  directors  are  not  employees  of  the  Company.

     Our  web  site  is located at www.mysinglesource.com and www.ssfl.info. 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
subsidary:

     1.  E-Commerce  Processing,  a  California corporation v. Michael Venni and
Single Source Financial Services Corporation Electronics (sic) Transactions, Los
Angeles  Superior  Court Case No. BC 237039. The case alleged that Single Source
Electronic  Transactions,  Inc.  wrongfully  hired E-Commerce Processing ("ECI")
staff  from ECI, that Single Source Electronic Transactions, Inc. took ECI trade
secret  information,  leads,  and  customers,  that  Single  Source  Electronic
Transactions,  Inc. defamed ECI, and that Single Source Electronic Transactions,
Inc.  committed  unfair competition. Single Source Electronic Transactions, Inc.
filed a counter-claim against E-Commerce Processing. This lawsuit was settled in
December  2001,  and  we have agreed to issue the plaintiff 25,000 shares of our
common  stock  as  consideration.

     2.  Ibiz v. Single Source Electronic Transactions, Inc., San Diego Superior
Court  Case  No.  GIC775730.  The  case  alleges  that  Ibiz  and  Single Source
Electronic Transactions, Inc. entered into a reseller agreement, and that Single
Source  Electronic  Transactions,  Inc.  failed  to  pay a balance due under the
contract  along  with  royalties,  asking  for a total of $85,000. Single Source
Electronic  Transactions,  Inc. filed a demurrer, which was sustained on January
24,  2002,  and  plaintiff  has  been  given  15  days  to  amend its compliant.

     3.  Inzap, Inc. v. LACI, Superior Court of the County of San Mateo Case No.
418349.  The  case alleges that Inzap, an electronic bill paying service, made a
payment  to  Ibiz  that  was  not  paid  by  LACI.  Single  Source  Electronic
Transactions,  Inc.  has  not been named in this lawsuit, but the transaction in
question  is the same as in the Ibiz lawsuit, described above, and may be in the
future.  Inzap  filed  a  demurrer  on  the  grounds  that the contract required
arbitration,  which  was  sustained,  and  plaintiff  has  filed  a  demand  for
arbitration.

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

                                        5
<PAGE>

     Single  Source  Electronic Transactions, Inc. has no other actions pending.

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

     On  September  27,  2001,  a  majority of the shareholders, in an action by
written  consent  without  a  meeting, approved the proposal set forth below.  A
Schedule  14C  Information Statement was filed with the SEC on October 10, 2001.

     The  matters  on  which  the shareholders voted, and the results of voting,
were  to  amend the Articles of Incorporation of the Company to (i) effectuate a
4-for-1 forward stock split of the issued and outstanding common stock, and (ii)
authorize a class of preferred stock consisting of 10,000,000 shares, with a par
value  of  $0.001,  the  rights,  privileges,  and preferences of which would be
determined  by  the  Board  of Directors, in their sole discretion, from time to
time.

                 Votes  For     Votes  Against     Votes  Withheld
                 ----------     --------------     ---------------
                  6,444,594          -0-                 -0-


                                        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 January 25, 2002) .        1.22  $0.26
</TABLE>

HOLDERS

     As  of October 31, 2001 there were approximately 1,329 holders of record of
the  common  stock.  As  of  January  25,  2002,  there were approximately 1,442
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

     The  following  discussion contains certain forward-looking statements that
are  subject  to  business  and economic risks and uncertainties, and our actual
results  could  differ  materially  from  those forward-looking statements.  The
following  discussion  regarding  our  financial  statements  should  be read in
conjunction  with  the  financial  statements  and  notes  thereto.

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 able to keep the historical residual stream
generated through July 2001, and the assets of SSET. Through this transaction,
the Company disposed of its interest in SSET. A summary of the activity
of the Company's discontinued operations is reflected in footnote 9 to the
accompanying financial statements.

     The accompanying financial statements reflect the activity of SSET for the
year ended October 31, 2000 and for the ten months ended July 31, 2001. Although
there was a significant increase in revenue generated for the seven months ended
July 31, 2001 of $965,191 compared to the revenue generated for the entire year
of 2000 of $613,582, (57% increase) the Company's overhead increased by 74%
during same seven month period as compared to the overhead of the entire prior
year ($1,752,353 v $1,002,718). In order to fund operations during the period
that the Company maintained SSET, it borrowed $1,633,235 from affiliates of
which $426,000 was cancelled through the sale of its residual stream on
activities generated through October 31, 2000.

     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.

CONTINUING OPERATIONS

RESULTS  OF  REVENUE

Revenue

     Revenues  from  continuing operations for the fiscal year ended October 31,
2001  were $89,180.

     As  a  result  of the transfer of the residual income stream, 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 $39,349 for the fiscal year
ended October 31, 2001.  This cost of revenue consisted primarily  of  the  cost
of equipment sold to merchants.

Gross  Profit

     The gross profit from continuing operations for the year ended October 31,
2001 was $49,831.

Selling,  General  and  Administrative

     Selling, general and administrative expenses for continuing operations were
$301,053 for the fiscal year ended October 31, 2001. These expenses consisted of
$126,250  in  consulting fees, paid through the issuance of 10,100,000 shares of
the  Company's  common  stock,  $42,462  in commissions, $35,397 in professional
fees,  $19,264  in  expenses  for  the  purchase  of leads, $20,196 in telephone
expenses,  $2,907  in  travel  expenses, $30,315 in payroll, a $4,774 web access
fee,  $1,523  in maintenance expenses, $6,726 in marketing expenses, and $11,239
in  miscellaneous  expenses.

                                        8
<PAGE>

Net  Losses

     The  Company  had  a  net loss of $1,322,851 for the year ended October 31,
2001,  as  compared to $113,652 for the fiscal year ended October 31, 2000.  The
loss  for  the  year  ended October 31, 2001 consisted primarily of a $1,044,903
loss  from  operations  of  Single Source Electronic Transactions.  As discussed
above,  during  the  fiscal year ended October 31, 2001, 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  of  its  operations.

LIQUIDITY  AND  CAPITAL  REQUIREMENTS

     As  of  October 31, 2001, the Company had cash of $2,391, and total current
assets  of  $97,131.  Total  assets  were  $138,000.

     The Company's current liabilities were $199,039 as of October 31, 2001, and
total liabilities were $1,431,424.  The total liabilities consisted primarily of
long-term  debt  of  $1,232,085,  which  are  a  result of advances from related
parties.

FORWARD  LOOKING  STATEMENTS

     During  the fiscal year ended October 31, 2001, 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 of
its  operations.

     As  a  result  of the transfer of the residual income stream, 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.

     Subsequent  to the fiscal year end, the Company formed two new subsidiaries
that  it  will  utilize to begin rebuilding its revenue.  The Company has signed
agreements  with  several  entities  that  are  anticipated to begin to generate
revenue  in  this  fiscal  year.

     There can be no assurances, however, that the Company will be successful in
rebuilding  some  or all of its previous 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.


                                        9
<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,  2001           F-2

     Consolidated Statements of Operations for the years ended
     October  31,  2001  and  2000                                       F-3

     Consolidated Statements of Stockholder's Equity for years ended
     October  31,  2001  and  2000                                       F-4

     Consolidated Statements of Cash Flows for the years ended
     October  31,  2001  and  2000                                       F-5

     Notes  to  the  Consolidated  Financial  Statements                 F-7

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

     None.


                                       10
<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. .   48  President and Director (July 2000)
Harry L. Wilson .   57  Secretary, Chief Financial Officer, and Director (July 2000)
Brandon Becker. .   30  Vice President and Director (September 2000)
Pamela Becker . .   55  Director (July 2000)
Arlene Rosenblatt   67  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
Corporation,  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
Certificate  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.

                                       11
<PAGE>

     BRANDON  BECKER  was elected Vice President and a Director of Single Source
Financial Services Corporation in September 2000.  From 1997 to 2001, Mr. Becker
was  President  of  Los Angeles Commercial Investments, Inc., a business broker.
From  1995  to  1998,  Mr.  Becker was the Manager of Venture Capital Investment
Group,  Inc.  From  1991  to  1994,  Mr. Becker was Executive Vice President for
Concord  Business  Investments,  a  business  broker.  Mr. Becker attended Santa
Monica  City  College.  Brandon  Becker  is  the  son  of  Pamela  Becker.

     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.


                                       12
<PAGE>

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

     During  the  fiscal year ended October 31, 2001, the Board of Directors met
on  numerous occasions 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.

                                       13
<PAGE>

ITEM  11  - SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS AND MANAGEMENT

     The following table sets forth, as of January 25, 2002, 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          9.7%

Common
Stock. . . . .  Harry L. Wilson                         1,016,924          1.7%

Common
Stock. . . . .  Brandon Becker                         11,079,300         19.0%

Common
Stock. . . . .  Pamela Becker (3)                       5,014,820          8.6%

Common
Stock. . . . .  Arlene Rosenblatt (4)                   7,014,816         12.0%

                Kendra Becker (5)
Common . . . .  12166 Sunset Blvd.
Stock. . . . .  Los Angeles, CA  90049                  3,672,684          6.3%

                Julie Rosenblatt (6)
Common . . . .  247 Bay Street
Stock. . . . .  Santa Monica, CA  90405                 7,014,816         12.0%

                All Officers and Directors
                as a Group (5 Persons)                 29,813,360         51.1%
</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  58,389,453  shares  outstanding  as  of  January  25,  2002

(3)  Includes  1,272,688  shares  of common stock held by Mr. Martin Becker, the
     spouse  of  Pamela  Becker.

(4)  Includes  1,272,684  shares  of common stock held by Mr. Sid Rosenblatt,
     the  spouse  of  Arlene  Rosenblatt.

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

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

                                       14
<PAGE>

     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.

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
was  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  December  3,  2001, we signed a binding letter of intent with MBBRAMAR,
INC.,  a California corporation, which included an irrevocable option to acquire
from  MBBRAMAR  all  of  MBBRAMAR's  shares  of  common  stock  of  CardReady
International,  Inc., a California corporatioN, owned at the time of exercise of
the  Option.  Currently,  MBBRAMAR owns over 96% of the outstanding common stock
of  CardReady.

     Under  the  terms  of  the  Letter  of Intent, the Company may, at any time
during  the 18 months following the date of execution, 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 CardReady
shares  from  MBBRAMAR.  The  purchase  price  to be paid by the Company for the
CardReady  Shares  will  be  equal to the value of CardReady as determined by an
agreed-upon  third  party valuation divided by fifty percent (50%) of the lowest
closing bid price for our common stock during the thirty (30) trading days prior
to  the  closing,  but in no event will the purchase price exceed thirty million
(30,000,000)  shares.

     As  additional consideration for the grant of the option, we agreed to loan
to  CardReady  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  hereof.

                                       15
<PAGE>

     The  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 MBBRAMAR shall have the right, but not the obligation, to purchase
the  CardReady  shares back from us for consideration equal to the number of our
shares  issued  in  the  original  purchase (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 shall have the right, but not the obligation, to "put" the
CardReady  shares  back to MBBRAMAR for consideration equal to the number of our
shares  issued  in  the  original  purchase (as adjusted for any stock splits or
recapitalizations).

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

     It  is  our  intention to exercise our option and acquire CardReady when it
reaches  certain  revenue  levels,  which  have  not  yet  been  determined.

Other  Related  Party  Transactions

     a) In 1999, Single Source Electronic Transactions, Inc. acquired all of the
interest  in  residuals due to Ron Thomas and Jocelyne Thomas, two of its former
employees  for  $16,000. The purchase price was capitalized and amortized over a
ten-year  life using the straight-line method for financial reporting and income
tax  reporting  purposes. Amortization expense charged to operations for the two
years  ended  December  31,  2000  and 1999, were $2,667 and $400, respectively.

     b)  On  September  20,  2000,  Single  Source Electronic Transactions, Inc.
received  two  photocopiers,  one  from  Tax Debt Negotiators, Inc. and one 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.

     c)  Single  Source  Electronic  Transactions,  Inc.  leased its Los Angeles
office  from  Tax Debt Negotiators, Inc., on a month-to-month basis at a rate of
$4,601  per  month.  Effective  January  1, 2001, this monthly rate increased to
$6,920  per  month.

     d) During 2000, Single Source Electronic Transactions, Inc. operations were
partially  funded through advances made by BAAMS, Inc., a Nevada corporation, 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  payable in thirty-six equal monthly installments commencing on
April  3,  2003.  Any remaining principal and accrued interest becomes fully due
and  payable  on  April  5,  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  December  31,  2000,  amounted to $472,557 which consisted of
$846,000  in  advances,  $39,150 of residuals earned by Single Source Electronic
Transactions,  accrued  interest  earned  of  $13,407,  less amount paid for the
residual  income  of  $426,000.

                                       16
<PAGE>

     e)  Single  Source  Electronic  Transactions has experienced a loss for the
year  ended  December  31,  2000,  of $400,149, and has liabilities in excess of
assets at December 31, 2000, totaling $384,377. Certain Single Source Electronic
Transactions  shareholders  have  committed  to fund any shortfalls necessary to
meet  Single Source Electronic Transactions' obligations for, at least, the next
twelve  months.

     f)  In  November  and  December  2000, Arnold F. Stock, our President and a
Director,  loaned a total of $34,931.00 to the Company. 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 payable in thirty-six equal
monthly  installments  commencing  on April 3, 2003. Any remaining principal and
accrued  interest  becomes  fully  due  and  payable  on  April  5,  2006.

     g) In October 2001, Debt Alliance Services Corporation, a corporation owned
by  an  officer  and  director of the Company, loaned the Company $9,000.00. 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 payable
in  thirty-six  equal  monthly  installments  commencing  on  April 3, 2003. Any
remaining  principal and accrued interest becomes fully due and payable on April
5,  2006.

     h) In August 2001, West Side Properties, LLC, an entity owned by spouses of
officers  and  directors  of  the  Company  , loaned the Company $12,500.00. 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 payable
in  thirty-six  equal  monthly  installments  commencing  on  April 3, 2003. Any
remaining  principal and accrued interest becomes fully due and payable on April
5,  2006.

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.

                                       17
<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

                                                         /s/ Arnold F. Sock
Dated:  February  19,  2002                         By:  ______________________
                                                          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.

                                                         /s/ Harry L. Wilson
Dated:  February  29,  2002                         By:  ______________________
                                                         Harry L. Wilson
                                                         Secretary, Chief
                                                         Financial Officer,
                                                         and Director

                                                         /s/ Brandon Becker
Dated:  February  19,  2002                         By:  ______________________
                                                         Brandon Becker
                                                         Vice President and
                                                         Director

                                                         /s/ Pamela Becker
Dated:  February  19,  2002                         By:  ______________________
                                                         Pamela Becker
                                                         Director

                                                         /s/ Arlene Rosenblatt
Dated:  February  19,  2002                         By:  ______________________
                                                         Arlene Rosenblatt
                                                         Director

                                       18
<PAGE>

                      SINGLE SOURCE FINANCIAL SERVICES CORPORATION
                              FINANCIAL STATEMENTS

                                     Contents

                                                                   Page

Independent Auditors' Report                                       F-1

Balance Sheets                                                     F-2

Statements of Operations                                           F-3

Statement of Stockholders' Equity (Deficit)                        F-4

Statements of Cash Flows                                           F-5

Notes to Financial Statements                                      F-7


<PAGE>


                        Independent Auditors' Report


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

We have audited the accompanying balance sheet of Single Source Financial
Services Corporation as of October 31, 2001, and the related statements of
operations, cash flows, and stockholders' equity, for the two years then
ended. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. These standards require that we 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. We believe that our audits provide a reasonable
basis for our opinion.

In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of Single Source Financial
Services Corporation as of October 31, 2001, and the results of its operations
and its cash flows for the two years then ended, in conformity with generally
accepted accounting principles.


/s/ Jonathon P. Reuben, CPA

Jonathon P. Reuben, C.P.A.
An Accountancy Corporation
Torrance, California
February 18, 2002

                                      F-1
<PAGE>




                      SINGLE SOURCE FINANCIAL SERVICES, INC.

                         BALANCE SHEET - OCTOBER 31, 2001


                                     ASSETS

Current assets:
  Cash and cash equivalents                      $       2,391
  Trade receivable                                         300
  Loans receivable                                      71,228
  Inventories                                           23,212
                                                 -------------

          Total current assets                   $      97,131
                                                 -------------
Property and equipment
   Furniture                                               992
   Office equipment                                      9,593
   Leasehold improvements                                6,673
                                                 -------------
                                                        17,258
   Less: Accumulated depreciation                       (3,561)
                                                 -------------
                                                        13,697
                                                 -------------


Other Assets
   Note receivable - Long term                          27,172
                                                 =============
          Total Assets                           $     138,000
                                                 =============



LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:
  Bank overdraft                                 $      14,066
  Franchise tax payable                                  1,600
  Accounts payable                                     103,373
  Loan payable                                          80,000
                                                 -------------

          Total current liabilities              $     199,039

Long Term Debt                                       1,232,085
                                                 -------------
          Total Liabilities                          1,431,124
                                                 -------------

Stockholders' Equity (Deficit)
  Common stock; $0.001 par value, authorized
    100,000,000 shares
  issued and outstanding 57,480,493 shares
    at October 31, 2001                                 57,480
  Additional paid-in capital                           116,150
  Retained (Deficit)                                (1,466,754)
                                                 ==============

          Total Stockholders' Equity (Deficit)      (1,293,124)
                                                 -------------
            Total Liabilities and Stockholders'
            Equity (Deficit)                     $     138,000
                                                 =============


See accompanying notes



                                      F-2
<PAGE>

<TABLE>

                       SINGLE SOURCE FINANCIAL SERVICES, INC.

                            STATEMENTS OF OPERATIONS




<CAPTION>
                                                           Year ended     Year ended
                                                       October 31, 2001   October 31, 2000
                                                         --------------  --------------
<S>                                                      <C>             <C>
Revenues                                                 $       89,180  $       -

Cost of revenues                                                (39,349)         -
                                                         --------------  --------------

Gross profit                                                     49,831          -


Selling, general, and administrative expenses                  (301,053)         -
                                                         --------------  --------------

  Net (Loss) from operations                                   (251,222)         -

  Other income (expense)
    Interest income                                                 465          -
    Interest expense                                            (23,869)         -
                                                         --------------  --------------
      Net Loss from continuing operations
          before income taxes                                  (274,626)         -

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


      Net loss from continuing operation                       (275,426)         -
                                                         --------------  --------------


      Discontinued operations
        Loss from operations of
        Single Source Electronic
          Transactions, Inc. (net of income taxes
          of $800 in 2000)                                   (1,044,903)      (113,652)

       Loss from disposal of
       Single Source Electronic
          Transactions, Inc.                                     (2,522)         -
                                                         --------------  --------------
                                                             (1,047,425)      (113,652)
                                                         --------------  --------------
       Net loss                                          $   (1,322,851) $    (113,652)
                                                         ==============  ==============


       Basic Income (Loss) Per Share
         Continued operations                            $        (0.01) $       (0.00)
         Discontinued operations                                  (0.02)         (0.00)
                                                         --------------  --------------
                                                         $        (0.03) $       (0.00)
                                                         ==============  ==============

       Basic weighted average shares outstanding             47,906,246     47,380,493
                                                         ==============  ==============

</TABLE>

See accompanying notes

                                      F-3
<PAGE>

<TABLE>

                       SINGLE SOURCE FINANCIAL SERVICES, INC.

                  STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)



<CAPTION>

                                                      Common stock     Additional
                                                  -------------------   Paid-in        Retained
                                                    Shares    Amount    capital        Deficit
                                                  ----------  -------  -----------  ------------
<S>                                              <C>         <C>      <C>          <C>
Balance - October 31, 1999                        7,330,493  $ 7,330  $    14,668  $   (30,251)
                                                 40,050,000   40,050      (14,668)           -
                                                  ---------- --------  -----------  ------------


Balance - October 31, 1999 - restated            47,380,493   47,380            -      (30,251)
  Net loss for the year ended October 31, 2000            -        -            -     (113,652)
                                                 ----------  -------   -----------  ------------

    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)
                                                ============ ========  ===========  ============


</TABLE>


See accompanying notes



                                      F-4
<PAGE>

<TABLE>



                       SINGLE SOURCE FINANCIAL SERVICES, INC.

                            STATEMENTS OF CASH FLOWS



<CAPTION>
                                                             Year ended      Year ended
                                                             October 31,     October 31,
                                                                2001            2000
                                                           --------------  --------------
<S>                                                        <C>             <C>
Cash Flows from Operating Activities:
                                                           $   (1,322,851) $     (113,652)


  Adjustments to reconcile net loss to net cash
   provided by activities:
      Depreciation and amortization                                 3,341             220
      Interest income                                              (1,778)           (422)
      Interest expense                                             68,430           9,743
      Bad debt                                                      9,750               -
      Common stock issued for services                            126,250               -
      Gain on sale of interest in merchant account residuals            -        (426,000)
      (Increase) decrease in assets:
        (Increase) decrease in trade receivable                      (300)              -
        (Increase) decrease in inventories                         18,985         (42,197)
        (Increase) decrease in deposits and other assets            6,938          (6,938)
      Increase (Decrease) in Liabilities
        Increase (decrease) in bank overdraft                      (3,631)         17,697
        Increase (decrease) in income tax payable                     800            (800)
        Increase (decrease) in accounts payable                    23,942          79,432
        Increase (decrease) in accrued payroll                     (7,122)          7,122
                                                           --------------  --------------

      Net cash used in operating activities                    (1,077,246)       (475,795)
                                                           --------------  --------------

Cash flows from Investing Activities:
  Advances to Card Ready International, Inc.                      (70,000)              -
  Advance to employees                                             (1,200)        (34,750)
  Equipment acquisition                                            (6,919)        (10,339)
                                                           --------------  --------------

      Net cash provided (used) in investing activities            (78,119)        (45,089)
                                                           --------------  --------------

Cash flows from financing activities:
  Advances from affiliates                                      1,124,235         509,000
  Repayment to affiliates                                         (53,323)              -
  Advances from others                                             80,000


      Net cash provided by financing activities                 1,150,912         509,000
                                                           --------------  --------------

      Net increase (Decrease) in Cash and Cash
         Equivalents                                               (4,453)        (11,884)

      Beginning Balance - Cash and Cash Equivalents                 6,844          17,928
                                                           --------------  --------------

      Ending Balance - Cash and Cash Equivalents           $        2,391  $        6,044
                                                           ==============  ==============

</TABLE>


See accompanying notes



                                      F-5
<PAGE>

<TABLE>

                       SINGLE SOURCE FINANCIAL SERVICES CORPORATION

                                STATEMENTS OF CASH FLOWS



<CAPTION>



Supplemental Information:

  Non-cash Investing and Financing Activities:

    On October 31, 2000, the Company sold its residual interest in all merchant
    accounts that the Company had an interest in to an affiliate in cancellation
    of $426,000 of indebtedness.



Cash Paid For:


                                                             Year ended      Year ended
                                                             October 31,     October 31,
                                                               2001             2000
                                                           --------------  --------------
<S>                                                        <C>             <C>

    Interest Expense                                       $            -  $            -

    Income Taxes                                           $          800  $            -



</TABLE>



See accompanying notes


                                      F-6
<PAGE>

SINGLE  SOURCE  FINANCIAL  SERVICES  CORPORATION
------------------------------------------------
NOTES  TO  FINANCIAL  STATEMENTS


NOTE  1  -  ORGANIZATION

Ream  Printing  Paper  Corp.  (the  "Company")  was  incorporated in New York on
September  19,  1994.  In October 1994, in exchange for receiving certain assets
from  Active  Science Systems, Inc., the Company issued 10,990,133 shares of its
common  stock  directly  to  its  shareholders.  The  Company was formed for the
purpose  of  acquiring  the  operations  of  a  printing  supply  company.  This
transaction  was  not  consummated  and  the  Company has remained dormant until
November  2000, when the Company acquired Single Source Electronic Transactions,
Inc.  ("SSET"),  and  changed  its  name  to  Single  Source  Financial Services
Corporation.

In  August  2002,  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, 2002. For financial
reporting  purposes,  the  Company  treated  this transaction as a disposal of a
business  segment.  (See  Note  9)


NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

A.  PROPERTY  AND  EQUIPMENT

The  cost  of  property  and  equipment is depreciated over the estimated useful
lives  of  the  related  assets.  Depreciation  is computed on the straight-line
method  for  financial  reporting  and  income  tax  reporting  purposes.

B.  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.

C.  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.

D.  PERVASIVENESS  OF  ESTIMATES

The  preparation  of  financial  statements  in  conformity  with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts  of assets and liabilities and
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements  and  the  reported  amounts  of  revenues  and  expenses  during the
reporting  period.  Actual  results  could  differ  from  those  estimates.

                                      F-7
<PAGE>

E.  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.  FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS

Pursuant  to  SFAS  No.  107,  "Disclosures  About  Fair  Value  of  Financial
Instruments",  the  Company  is  required  to  estimate  the  fair  value of all
financial instruments included on its balance sheet as of October 31, 2001.  The
Company considers the carrying value of such amounts in the financial statements
to  approximate  their  face  value.

G.  REVENUE  AND  COMMISSION  EXPENSE  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  Company recognizes commissions owed upon the actual receipt of payment
on  the  related  sale.


NOTE  3  -  NOTES  AND  LOANS  RECEIVABLE

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, 2001 and 2000 was $1,750 and  $422, respectively, which
was  credited  to  operations.

<PAGE>

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, 2001
was  $28,  which  was  credited  to  operations

c.     On  October  2001,  the  Company  made  a  $70,000  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  4  -  INVENTORIES

Inventories  at  October  31,  2001, consisted of equipment held for sale to the
Company's  customers.  Inventories are valued at the lower of cost determined by
the  FIFO  method  or  market.


NOTE  5  -  PROPERTY  AND  EQUIPMENT

Depreciation  charged  to  discontinued  operations for the two years ended
October  31,  2001  and  2000  amounted  to  $3,256  and  $220,  respectively.
Depreciation  charged  to  continuing  operations for the year ended October 31,
2001, was $529. The Company's useful lives of furniture and office equipment for
purposes  of  computing  depreciation  are  five  years.


NOTE  6  -  RELATED  PARTY  TRANSACTIONS

a)     On September 20, 2000, the Company received two copiers from an affiliate
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 is payable in monthly installments of $167, with the final installment due
in  April  2001. The Company has accounted for the assumption of these leases as
operating  leases.

b)     The  Company  leases  its  Los  Angeles  office  from  an  affiliate on a
month-to-month  basis at a rate of $4,601.per month.  Effective January 1, 2001,
the  monthly  rate  increased  to  $6,920  per  month.

c)     During  2000  and  2001,  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 a promissory note and are
assessed  interest  at  an  annual rate of 8%. The principal balance and accrued
interest  become  payable in thirty-six equal monthly installments commencing on
April  3,  2003.  Any remaining principal and accrued interest becomes fully due
and  payable  on  April  5,  2006.

<PAGE>

On  October  31,  2000,  the  Company  sold to B.A.A.M.S. 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
balance  owed  the  affiliate  was  reduced by the sales price. In addition, the
Company continued to receive the residuals earned on sold merchant accounts. The
residuals  received were treated as additional advances from B.A.A.M.S. and also
accrued  interest.

The  balance  of  the loan as of October 31, 2001, amounted to $1,093,363, which
consisted  of  total  advances  of  $1,451,794,  accrued  interest  of  $74,082,
residuals  received  by the Company on merchant accounts purchased by B.A.A.M.S.
of  $66,809,  less  repayments  of  $73,323  and  sale of residuals of $426,000.

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  2000  amounted  to $42,650 and $9,743, respectively, Accrued interest
charged  to  continuing  operations  in  2001  amounted  to  $21,689.

d)     During 2001, the Company also received advances from its President in the
amount  of  $34,931.  The  advances  accrue interest at an annual rate of 8% and
principal  and  accrued interest is due 36 months after the advance is made. The
balance  of  the  loan  as  of  October  31,  2001, amounted to $37,585. Accrued
interest  of  $1,911 was charged to discontinued operations and $743 was charged
to  continued  operations.

e)     During 2001, the Company received advances from three entities controlled
by  the  Directors of the Company totaling $99,700. The advances accrue interest
at  an  annual  rate  of  8% and principal and accrued interest is due 36 months
after  the  advance  is  made.  The  balance  of  the advances including accrued
interest  as  of  October 31, 2001 amounted to $101,136. Accrued interest of $29
was  charged  to  discontinued  operations  and  $1,407 was charged to continued
operations.

<PAGE>

f)     The  Company  has  experienced a loss for the year ended October 31, 2001
and  2000  of  $1,322,851  and  $112,852,  respectively.  The  Company  also has
liabilities  in  excess  of  assets  at  October  31, 2001 totaling  $1,293,124.
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.


NOTE  7  -  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.

The  Company  did  not calculate a provision for deferred taxes for the two
years  ended  October  31,  2001,  as  any  timing differences between financial
statement  and  income  tax  reporting  purposes  were  immaterial.

The  Company  has available at October 31, 2001 approximately $1,466,000 of
unused  operating  loss carryforwards that may be applied against future taxable
income  which  expire  in  2021.

An allowance has been provided for by the Company which reduced the tax benefits
accrued  by  the  Company  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.


NOTE  8  -  LOAN  PAYABLE

In  October  2001, the Company received $80,000 from an unrelated party. In
exchange  for  the  amounts  received  the  Company  is  to  issue  a  number of
convertible  preferred  shares.  The number of preferred shares and the terms of
conversion  are  currently  under  negotiations.

NOTE  9  -  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  of  its
operations. Discontinued operations for the two years ended October 31, 2001 and
2000,  consist  of  the  following:

<TABLE>

                       SINGLE SOURCE FINANCIAL SERVICES, INC.

                STATEMENTS OF OPERATIONS - Discontinued operations




<CAPTION>
                                                           Year ended     Year ended
                                                       October 31, 2001   October 31, 2000
                                                         --------------  --------------
<S>                                                      <C>             <C>
Revenues                                                 $      965,191  $    613,582
Cost of revenues                                               (214,464)     (138,292)
                                                         --------------  --------------
Gross profit                                                    750,727       475,290


Selling, general, and administrative expenses                (1,752,353)   (1,004,821)
                                                         --------------  --------------

  Net Income (Loss) from operations                          (1,001,626)      (529,531)

Other income (expense)
  Gain on sale of residual interest in
  merchant accounts                                                   -        426,000
  Interest income                                                 1,313            422
  Interest expense                                              (44,590)        (9,743)
                                                         --------------  --------------

        Net Loss before income taxes                         (1,044,903)      (112,852)

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


        Net loss                                             (1,044,903)      (113,652)
                                                         ==============  ==============



</TABLE>



<PAGE>

NOTE  10  - STOCKHOLDERS'  EQUITY

In  October  2001,  the  Company  filed  an  amendment  to  its articles of
incorporation  whereby  it  created a second class of stock for the Company. The
second  class  of  stock  is  Preferred  with  10,000,000  shares  authorized.

Also  in  October  2001, the Company authorized a 4:1 stock split. The financial
statements have been restated to take retroactively into account the stock split
as  if  occurred  at  the  beginning  of  the  reported  periods.

a.   Common  Stock

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

b.  Preferred  Stock

The  holders  of  preferred stock have certain preferential rights over the
holders  of  the  Company's common shares. However, the preferred shares have no
dividend  features  or  voting  rights.

c.     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  October  12,  2001, the Company issued 10,000,000 shares of its common stock
(post  split)  to  various  consultants.  The shares were valued at $125,000. In
addition, on the same day, the Company issued 100,000 shares of its common stock
to  its  attorney.  These  shares  were  valued  at  $1,250.


NOTE  11.   SUBSEQUENT  EVENTS

On December 14, 2001, the Company issued 313,500 shares of its common stock
to  employees  and  outside  consultants.

<PAGE>