**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549**

****			Form 10-KSB

XAnnual report under section 13 or 15(d) of the Securities Exchange Act of 1934

For the fiscal year ended December 31, 2002.

___Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ____ to ____.







|Nevada                                         | 0-32307                  | 13-4067623                       
|---------------------------------------------- | ------------------------ | ---------------------------------
|(State or other jurisdiction of
incorporation) | (Commission File Number) | (IRS Employer Identification
No.)

|5150 Tamiami Trail North, Suite 202

Naples, Florida | 34103     
|---------------------------------------------------- | ----------
|(Address of Principal Executive Office)              | (Zip Code)



Issuer's telephone number, including area code: 239 430 2222



Securities to be registered under Section 12(b) of the Act:

Title of each class

N/A

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

Common Stock, $0 .001 par value

(Title of Class)



Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Exchange Act during the past 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. [X ] Yes [ ] No

Check if  no disclosure of delinquent filers in response 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. [  ]

State issuer's revenues for its most recent fiscal year:   $ 0.

State the aggregate market value of the 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 price 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.)

(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE
YEARS)

Check whether the issuer has filed all documents and reports required to be filed by Section 12,
13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a
court. [ ]Yes [ ] No



**(APPLICABLE ONLY TO CORPORATE REGISTRANTS)**

State the number of shares outstanding of each of the issuer's classes of common equity, as of the
latest practicable date: As of December 31, 2002, the Company had 3,585,900 shares
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).

Transitional Small Business Disclosure Format (Check one): Yes ____; No _X__

PART I

ITEM 1. 	DESCRIPTION OF BUSINESS.

Clamshell Enterprises, Inc. (the "Company"), was incorporated under the laws of the
State of Nevada on June 4, 1999.  The Company was formed as a "blind pool" or  "blank check"
company whose business plan was to seek to acquire a business opportunity through completion
of a merger, exchange of stock, or other similar type of transaction.   In furtherance of its
business plan,  the Company voluntarily elected to become subject to the periodic reporting
obligations of the Securities Exchange Act of 1934 by filing a registration statement on Form
10SB.

The Company's registration statement on Form 10SB was filed on May 6, 2002, and
became effective on or about July 5, 2002.  Since that date, the Company has filed all required
periodic reports, and as of December 31, 2002, the Company is current in satisfaction of its
reporting obligations.

From the date of its incorporation through December 31, 2002 (the end of the fiscal year
for which this report is filed), the only business activities of the Company were the organizational
activities described above, including registration under the Securities Exchange Act of 1934, and
efforts to locate a suitable business opportunity for acquisition.  As of December 31, 2002, the
Company had no full-time employees, owned no real estate and had not commenced any
commercial operations.

Throughout the fiscal year ending December 31, 2002, the Company's search for a
business opportunity was directed toward enterprises which expressed a desire to be become a
public corporation and which have a business plan designed to allow them to take advantage of
opportunities available to public entities.  This included entities which had been recently
organized with no operating history, or a history of losses attributable to under-capitalization or
other factors, entities in need of funds to develop a new product or service or to expand into a
new market, entities which intended to use their securities to make acquisitions, and entities
which had a combination of these characteristics.  However, as of December 31, 2002, the
Company had not identified any business opportunity that it planned to pursue and had not
reached any agreement or definitive understanding with any person concerning an acquisition.

Subsequent to December 31, 2002, the Company identified a business opportunity it
intends to acquire andon January 31, 2003, there was a change of control of the Company which
was the first step in the acquisition process.   The change of control occurred as a result of
closing under a Stock Purchase Agreement dated January 31, 2003, pursuant to which
ShutterPort, Inc., a Florida corporation, purchased a total of  3,331,000 shares, representing
approximately 92.9% of the issued and outstanding common stock of the Company.  The
Company reported details regarding the change of control in a filing on Form 8K dated January
31, 2003.



ShutterPort, Inc. purchased the shares of the Company in anticipation of the subsequent
completion of a share exchange transaction in which ShutterPort, Inc. would become a wholly
owned subsidiary of the Company.  After completion of the share exchange transaction, the
Company will not itself conduct business operations, but will carry on business activities through
its wholly owned subsidiary, ShutterPort, Inc.

The business activities to be carried on by the Company through its wholly-owned
subsidiary, will include acting as a web based application developer and branded service provider
that licenses branded portal and web traffic applications to companies and individuals in a variety
of industries.   Through its wholly-owned subsidiary, the Company will act as an aggregator (to
bring a variety of interests to the portal), a facilitator (to assist users in communicating with each
other) and as an infomediary (to gather and supply information to users).  Its business plan will
be to build a network of customizable, comprehensive, user friendly, business and community
portals on the World Wide Web and to become a leader in the rewards/loyalty industry.

Additional information regarding the anticipated business activities of the Company
following completion of the share exchange transaction with ShutterPort, Inc., will be included in
a subsequent on Form 8K.



ITEM 2.	 DESCRIPTION OF PROPERTY.

As of December 31, 2002, the Company currently has no investments in real estate, real
estate mortgages, or real estate securities.As of that date, the Company maintained a mailing
address at5150 Tamiami Trail North, Suite 202, Naples, Florida 34103for which it pays no rent.

ITEM 3.	LEGAL PROCEEDINGS.

The Company is not a party to any pending legal proceedings, and no such proceedings
are known to be contemplated.  No director, officer or affiliate of the Company, and no owner of
record or beneficial owner of more than five percent (5%) of the securities of the Company, or
any associate of any such director, officer or security holder is a party adverse to the Company or
has a material interest adverse to the Company in reference to pending litigation.

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

No matters were submitted to a vote of the security holders of the Company during the
fourth quarter of the fiscal year which ended December 31, 2002.

PART II

****ITEM 5.	MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS

There is not currently a public trading market for the Company's securities.  As of
December 31, 2002, such securities were held of record by a total of approximately 45 persons.

No dividends have been declared or paid on the Company's securities, and it is not
anticipated that any dividends will be declared or paid in the foreseeable future.

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

Certain statements in this report, including statements in the following discussion which
are not statements of historical fact, are what are known as "forward looking statements," which
are basically statements about the future.  For that reason, these statements involve risk and
uncertainty since no one can accurately predict the future.  Words such as "plans," "intends,"
"will," "hopes," "seeks," "anticipates," "expects  "and the like often identify such forward
looking statements, but are not the only indication that a statement is a forward-looking
statement.  Such forward looking statements include statements concerning our plans and
objectives with respect to the present and future operations of the Company, and statements
which express or imply that such present and future operations will or may produce revenues,
income or profits.  Numerous factors and future events could cause the Company to change such
plans and objectives or fail to successfully implement such plans or achieve such objectives, or
cause such present and future operations to fail to produce revenues, income or profits.
Therefore, the  reader is advised that the following discussion should be considered in light of the
discussion of risks and other factors contained in this report on Form 10KSB and in the
Company's other filings with the Securities and Exchange Commission.   No statements
contained in the following discussion should be construed as a guarantee or assurance of future
performance or future results.

Liquidity and Capital Resources

The Company's balance sheet as of December 31, 2002 reflects current assets of $4,233
and current liabilities of $12,603, resulting in a stockholder's deficiency of $8,370.  The
Company does not have sufficient liquidity or capital resources to pay its current liabilities or to
pay any additional liabilities it may incur.  Accordingly,the Company will require additional
capital in order to meet its cash needs for the next year, including the costs of compliance with
the continuing reporting requirements of the Securities Exchange Act of 1934, as amended.

No specific commitments to provide additional funds have been made by management or
other stockholders, and the Company has no current plans, proposals, arrangements or
understandings with respect to the sale or issuance of additional securities prior to the location of
a  merger or acquisition candidate.  Accordingly, there can be no assurance that any additional
funds will be available to the Company to allow it to cover its expenses.  Notwithstanding the
foregoing, to the extent that additional funds are required, the Company anticipates receiving
such funds in the form of loans or advancements from current shareholders without issuance of
additional shares or other securities, or through the private placement of restricted securities.

Results of Operations

During the period from June 7, 1999 (inception) through December31, 2002,  the
Company has engaged in no significant operations other than organizational activities,
acquisition of capital and preparation and filing of its registration statement on Form 10-SB
under the Securities Exchange Act of 1934, as amended, compliance with its periodical reporting
requirements and initial efforts to locate a suitable merger or acquisition candidate.   No revenues
were received by the Company during this period, and the Company has accumulated a deficit of
$ 30,843 during the development stage.

Plan of Operations

Subsequent to the end of the fiscal year, there was a change of control of the Company
which was completed as the first step in the process of acquisition of a business opportunity.
Therefore, the Company's plan of operations for the fiscal year ending December 31, 2003, is to
complete the business acquisition transaction with ShutterPort, Inc., a Florida corporation, and
thereafter to conduct business operations through ShutterPort, Inc., as its wholly owned
subsidiary.

During the fiscal year ending December 31, 2002, ShutterPort, Inc., had limited
operations and, based upon information provided by ShutterPort, Inc.,  incurred an operating loss
of approximately $157,000.   Following completion of the share exchange transaction, the
audited financial statements of ShutterPort, Inc., for the fiscal year ending December 31, 2002,
are expected to be filed as an exhibit to a current report of Form 8K.

ITEM 7.	FINANCIAL STATEMENTS.



See the following pages.

CLAMSHELL ENTERPRISES, INC.

********DECEMBER 31, 2002****

I N D E X

|                                                 
|-------------------------------------------------
|INDEPENDENT AUDITORS' REPORT                     
|                                                 
|BALANCE SHEETS                                   
|                                                 
|STATEMENTS OF OPERATIONS                         
|                                                 
|********STATEMENT OF STOCKHOLDERS' DEFICIENCY****
|********STATEMENTS OF CASH FLOWS****             
|NOTES TO FINANCIAL STATEMENTS                    

Board of Directors and Stockholders

Clamshell Enterprises, Inc.

New York, N.Y.

INDEPENDENT AUDITORS' REPORT

We have audited the accompanying balance sheets of Clamshell Enterprises, Inc. as of December
31, 2002 and 2001, and the related statements of operations, stockholders' deficiency, and cash
flows and for the 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 audit.

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



In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of Clamshell Enterprises, Inc. as of December 31, 2002, and the results of
its operations and its cash flows for the year then ended, in conformity with accounting principles
generally accepted in the United States of America.



The accompanying financial statements have been prepared assuming that the Company will
continue as a going concern.  As discussed in Note 1 to the financial statements, the Company
has suffered recurring losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.  Management's plans with
regard to these matters are also described in Note 1.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

/s/Livingston Wachtell & Co., LLP

New York, New York

January 27, 2003

CLAMSHELL ENTERPRISES, INC.

BALANCE SHEETS

| | December 31,
| | ------------

| | 2 0 0 2 | 2 0 0 1
| | ------- | -------
| |         |        

|Assets
|------

|                       |         |        
|---------------------- | ------- | -------
|Current assets         |         |        
|Cash                   | $	23    | $	7,740
|Due from related party | 4,210   | -      
|                       |         |        
|Total assets           | $	4,233 | $	7,740
|                       |         |        

|Liabilities and Stockholders' Deficiency
|----------------------------------------

|                    |         |        
|------------------- | ------- | -------
|Current liabilities |         |        
|Accrued expenses    | $	6,100 | $	3,940
|Due to stockholders | 6,503   | 1,733  
|                    |         |        

|Total liabilities | 12,603 | 5,673
|----------------- | ------ | -----

|                                                                                                                                 |          |         
|-------------------------------------------------------------------------------------------------------------------------------- | -------- | --------
|                                                                                                                                 |          |         
|Stockholders' deficiency                                                                                                         |          |         
|Preferred stock - $.01 par value
5,000,000 shares authorized, 
0 - shares issued and outstanding                                 | -        | -       
|Common Stock - $ .001 par value,
authorized 50,000,000 shares, shares
issued and outstanding; 3,585,900 -
2002; 2,949,800 - 2001 | 3,586    | 2,950   
|Additional paid-in capital                                                                                                       | 18,887   | 13,788  
|Deficit                                                                                                                          | (30,843) | (14,671)
|                                                                                                                                 |          |         

|Total stockholders' (deficiency) equity                 | (8,370) | 2,067  
|------------------------------------------------------- | ------- | -------
|                                                        |         |        
|Total liabilities and stockholders' (deficiency)
equity | $	4,233 | $	7,740

The accompanying notes are an integral part of these financial statements.

CLAMSHELL ENTERPRISES, INC.

STATEMENTS OF OPERATIONS

| | Year Ended December 31, | 
| | ----------------------- | 

|                                           | 2002            | 2001      | 
|------------------------------------------ | --------------- | --------- | 
|                                           |                 |           | 
|**Cost and expenses**                      |                 |           | 
|General and administrative expenses:       |                 |           | 
|Bank charges                               | $	152           | $	77      | 
|Legal fees                                 | 9,708           | 2,150     | 
|Accounting fees                            | 2,850           | 2,700     | 
|Transfer agent fees                        | 1,712           | -         | 
|Miscellaneous                              | 1,750           | 885       | 
|                                           |                 |           | 
|Total cost and expenses                    | 16,172          | 5,812     | 
|                                           |                 |           | 
|Operating loss                             | (16,172)        | (5,812)   | 
|                                           |                 |           | 
|Other income  - dividends                  | -               | 2         | 
|                                           |                 |           | 
|Net loss                                   | $	(16,172)      | $	(5,810) | 
|                                           |                 |           | 
|                                           |                 |           | 
|                                           |                 |           | 
|Loss per common share                      | $         (.00) | $	(.00)   | 
|                                           |                 |           | 
|                                           |                 |           | 
|WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING | 3,245,797       | 2,035,097 | 



The accompanying notes are an integral part of these financial statements.

CLAMSHELL ENTERPRISES, INC.

STATEMENT OF STOCKHOLDERS' DEFICIENCY

********DECEMBER 31, 2002

| | COMMON STOCK

$.001 PAR VALUE | ADDITIONAL

PAID-IN |  | 
| | ----------------------------- | ------------------- |  | 

|                              | SHARES    | AMOUNT      | CAPITAL    | DEFICIT        | 
|----------------------------- | --------- | ----------- | ---------- | -------------- | 
|                              |           |             |            |                | 
|BALANCE - January 1, 2001     | 1,927,000 | $     1,928 | $    2,760 | $      (8,861) | 
|Sales of stock for cash       |           |             |            |                | 
|$.05 per share October 2001   | 3,600     | 4           | 1,796      |                | 
|$.05 per share November 2001  | 5,500     | 5           | 2,745      |                | 
|$.05 per share December 2001  | 13,000    | 13          | 6,487      |                | 
|$.001 per share December 2001 | 1,000,000 | 1,000       |            |                | 
|                              |           |             |            |                | 
|Net loss  - 2001              |           |             |            | (5,810)        | 
|                              |           |             |            |                | 
|BALANCE - December 31, 2001   | 2,949,800 | 2,950       | 13,788     | (14,671)       | 
|                              |           |             |            |                | 
|Sales of stock for cash       |           |             |            |                | 
|$.50 per share - March 2002   | 4,000     | 4           | 1,996      |                | 
|                              |           |             |            |                | 
|Sales of stock for cash       |           |             |            |                | 
|$.10 per share July 2002      | 1,100     | 1           | 109        |                | 
|$.001 per share July 2002     | 625,000   | 625         |            |                | 
|$.50 per share November 2002  | 6,000     | 6           | 2,994      |                | 
|                              |           |             |            |                | 
|Net loss  - December 31, 2002 |           |             |            | (16,172)       | 
|                              |           |             |            |                | 
|BALANCE - December 31, 2002   | 3,585,900 | $	3,586     | $	18,887   | $	(30,843)     | 





The accompanying notes are an integral part of these financial statements.

CLAMSHELL ENTERPRISES, INC.

STATEMENTS OF CASH FLOWS





|******** | Years Ended December 31, | 
|-------- | ------------------------ | 

|********                                                                   | 2002       | 2001       | 
|-------------------------------------------------------------------------- | ---------- | ---------- | 
|********                                                                   |            |            | 
|********                                                                   |            |            | 
|********Cash flows from operating activities                               |            |            | 
|Net loss                                                                   | $ (16,172) | $	(5,810
) | 
|Adjustment to reconcile net loss to net cash used in operating activities: |            |            | 
|Accrued expenses                                                           | 2,160      | (150)      | 
|                                                                           |            |            | 
|Net cash used in operating activities                                      | (14,012)   | (5,960)    | 
|                                                                           |            |            | 
|                                                                           |            |            | 
|                                                                           |            |            | 
|Cash flows from financing activities                                       |            |            | 
|Proceeds from sale of common stock                                         | 5,735      | 12,050     | 
|Increase in shareholder's loan                                             | 4,770      | 1,593      | 
|Due from related party                                                     | (4,210)    |            | 
|                                                                           |            |            | 
|Net cash provided by financing                                             | 6,295      | 13,643     | 
|Activities                                                                 |            |            | 
|                                                                           |            |            | 
|                                                                           |            |            | 
|********Net increase (decrease) in cash                                    | (7,717)    | 7,683      | 
|                                                                           |            |            | 
|                                                                           |            |            | 
|Cash - beginning of year                                                   | 7,740      | 57         | 
|                                                                           |            |            | 
|Cash - end of year                                                         | $	23       | $	7,740    | 
|                                                                           |            |            | 



The accompanying notes are an integral part of these financial statements.

CLAMSHELL ENTERPRISES, INC.

NOTES TO FINANCIAL STATEMENTS



1.	THE COMPANY, MANAGEMENT DISCUSSION AND PLAN OF OPERATION



On June 4, 1999, Clamshell Enterprises, Inc. (the "Company"), was incorporated under the laws of
the State of Nevada.   The Company is a "blank check" company.  A "blank check" company is a
company that has no specific business plan or purpose or has indicated that its business plan is to
engage in a merger or acquisition with an unidentified company or companies.  The Company has
been exploring sources to obtain additional equity or debt financing.  The Company has also indicated
its intention to participate in one or more as yet unidentified business ventures, which management
will select after reviewing the business opportunities for their profit or growth potential.



Due to the Company having no specific business plan or operations, the Company is not a
"Development Stage Company" as defined by Generally Accepted Accounting Principles (GAAP), as
was reported in the Company's prior financial statements.  Therefore, cumulative amounts are not
reported on the statements of operations and cash flows.



LIQUIDITY AND CAPITAL RESOURCES



The Company has experienced no significant change in liquidity, capital resources or stockholders'
equity other than the receipt of proceeds for its operating expenses.  Substantially all of such funds
have been used to pay expenses incurred by the Company.



RESULTS OF OPERATIONS



For the years ended December 31, 2002 and 2001, the Company has engaged in no significant
operations other than the acquisition of capital for general and administrative expenses and
preparation for registration of its securities under the Securities Exchange Act of 1934.  During this
period, the Company received no operating revenues.  General and administrative expenses consist
primarily of professional, consulting and other fees.



NEED FOR ADDITIONAL FINANCING



The Company's existing capital will not be sufficient to meet the Company's cash needs, including
the costs of completing its registration and complying with its continuing reporting obligation under
the Securities Exchange Act of 1934.  Accordingly, additional capital will be required.



- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



STATEMENT OF CASH FLOWS



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

No cash was paid for interest and taxes for the years ended December 31, 2002 and 2001.

START-UP COSTS



The Company adopted the provisions of the American Institute of Certified Public Accountants'
Statement of Position (SOP) 98-5, "Reporting on the Costs of Start-Up Activities".  The SOP
provides guidance on the financial reporting of start-up and organization costs and requires such costs
to be expensed as incurred.

The start-up costs consist principally of professional, consulting and other fees.



NET LOSS PER COMMON SHARE



The net loss per common share is computed by dividing the net loss for the period by the weighted
average number of shares outstanding at December 31, 2002 and 2001.

****

****USE OF ESTIMATES

The preparation of the accompanying 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
periods.  Actual results could differ from those estimates.



FAIR VALUE OF FINANCIAL INSTRUMENTS

Statement of Financial Accounting Standards No. 107, Disclosures about Fair Value of Financial
Instruments ("SFAS 107") requires entities to disclose the fair values of financial instruments
except when it is not practicable to do so.  Under SFAS No. 107, it is not practicable to make this
disclosure when the costs of formulating the estimated values exceed the benefit when
considering how meaningful the information would be to financial statement users.

As a result of the difficulties presented in the valuation of due from related party and loans payable to
officers/stockholders, because of their related party nature, estimating the fair value of these financial
instruments is not considered practicable.  The fair values of all other assets and liabilities do not
differ materially from their carrying amounts.  None of the above is derivative financial instruments
and none are held for trading purposes.



3.	INCOME TAXES

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to
differences between the financial statement carrying amounts of existing assets and liabilities and their
respective tax basis.  Deferred tax assets and liabilities are measured using enacted tax rates expected
to apply to taxable income in the years in which those temporary differences are expected to reverse.
The effect on deferred tax assets and liabilities from a change in tax rates is recognized in the
statement of operations in the period that includes the enactment date.

The Company has not yet commenced an active trade or business, therefore, the Company did not
provide any current or deferred federal or state income tax provision or benefit for any of the periods
presented because to date, it has experienced operating losses.  The Company has a federal net
operating loss carryforward of approximately $31,000 expiring in the years 2019 through 2022.  The
tax benefit of this net operating loss, based on effective tax rate of 40% is approximately $12,000 and
has been offset by a full valuation allowance.  For the year ended December 31, 2002, based on
effective tax rate of 40%, the valuation allowance increased by approximately $6,000.



- CAPITAL STOCK

During the fourth quarter of 2001, 22,100 shares of common stock were issued to various
shareholders for $.50 per share to raise additional capital necessary to finance the company's
operations.  The price of $.50 per share, which exceeds the book value per share, was determined as
fair value by management as there was no public market for the stock.



On December 19, 2001, 1,000,000 shares of common stock were issued to a shareholder for $.001 per
share to raise additional capital necessary to finance the Company's operations.

During the quarter ended March 31, 2002, 4,000 shares of common stock were issued to various
shareholders for $.50 per share to raise additional capital necessary to finance the Company's
operations.  The price of $.50 per share, which exceeds the book value per share, was determined as
fair value by management as there was no public market for the stock.

On April 29, 2002, the Company amended its Certificate of Incorporation to increase the number of
common stock, par value $.001, shares authorized to be issued from 10,000,000 to 50,000,000 shares,
and authorized 5,000,000 preferred stock shares, par value $.01. No preferred stock has been issued as
of December 31, 2002.



On July 2, 2002, 1,100 shares of common stock were issued to a shareholder for $.10 per share to
raise additional capital necessary to finance the Company's operations.  The price of $.10 per share,
which exceeds the book value per share, was determined as fair value by management as there was no
public market for the stock.

On July 15, 2002, 625,000 shares of common stock were issued to a shareholder for $.001 per share
to raise additional capital necessary to finance the Company's operations.

During the quarter ended December 31, 2002, 6,000 shares of common stock were issued to various
shareholders for $.50 per share to raise additional capital necessary to finance the Company's
operations.  The price of $.50 per share, which exceeds the book value per share, was determined as
fair value by management as there was no public market for the stock.

Dividends may be paid on outstanding shares as declared by the Board of Directors.  Each share of
common stock is entitled to one vote.  There were no dividends paid for the years months ended
December 31, 2002 and 2001.



5.	RELATED PARTY TRANSACTIONS

During the year ended December 31, 2002, the Company had loaned to a related company $4,210.
The outstanding balance as of December 31, 2002 was $4,210.

At December 31, 2002, the Company's loan from its shareholders was $6,503.

During the year ended December 31, 2002, the Company had paid to related parties in administrative
and legal fees $1,000.



Due to/from related company and stockholders consists of unsecured non-interest bearing loans
receivable/payable, with no fixed terms of repayment, therefore, deemed receivable/payable on
demand.  The purpose of the loans, to/from the related company Easton, Inc. and stockholders was to
supply additional working capital to the Company.



6.	SUBSEQUENT EVENT - CHANGE IN CONTROL OF THE COMPANY

On January 31, 2003, five major stockholders of the Company entered into a stock sell agreement (the
"Agreement") with Shutterport, Inc., formerly named Eshutterbug.com, Inc., a Florida corporation,
relating to the purchase of 3,331,000 shares, or approximately 93%, of the issued and outstanding
common stock of the Company.

Shutterport, Inc. is an online provider of branded, business to business and business to consumer web
portals to a variety of businesses. Shutterport, Inc. acts as an aggregator (to bring in a variety of interests
to the portal), facilitator (to assist users in communicating with each other) and infomediary (to gather
and supply information to users). Shutterport, Inc. is also developing a loyalty rewards program ("BSP
rewards") and intends to sign member providers and merchants during its initial launch anticipated early
in 2003. Shutterport, Inc. will charge merchants participating in BSP awards, a percentage of the value
of transactions it does.

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

None.

PART  III

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

The directors and executive officers serving the Company as of December 31, 2002 are as
follows:

|Name                                                                    | Age | Positions Held and Tenure                
|----------------------------------------------------------------------- | --- | -----------------------------------------
|James J. Charles

5150 Tamiami Trail North #202

Naples, Florida  34103 | 59  | President and Director since June 4, 1999
|Dominick Pope

5150 Tamiami Trail North #202

Naples, Florida  34103    | 70  | Director since  June 4, 1999             
|                                                                        |     |                                          

The directors named above will serve until the next annual meeting of the Company's
stockholders or until their successors have been appointed and qualified.  Thereafter, directors will be
elected for one-year terms at the annual stockholders' meeting.



The directors and officers named above will generally devote their time to the Company's
affairs on an "as needed" basis, which, depending on the circumstances, could amount to as little as
two hours per month, or more than forty hours per month, but more than likely will fall within the
range of five to ten hours per month.

Officers generally hold their positions at the pleasure of the board of directors, absent any
employment agreement, of which none currently exists or is contemplated.   As reported in a current
report on Form 8K, dated January 31, 2003, there was a change in control of the Company after
December 31, 2002.  In conjunction with the change in control, the officers named above resigned
and persons designated by ShutterPort, Inc., were appointed as their successors.  Information
regarding the new officers appointed after December 31, 2002, is contained in the 8K report.

The change in control of the Company which occurred after December 31, 2002 was
completed in anticipation of the subsequent completion of a share exchange transaction between the
Company and ShutterPort, Inc..  The current directors have agreed to resign and appoint successors
designated by ShutterPort, Inc., following completion of the share exchange transaction.  Except for
the change in directors which will occur upon completion of the share exchange transactions, there is
no arrangement or understanding between any of the directors or officers of the Company and any
other person pursuant to which any director or officer was or is to be selected as a director or officer.

Biographical Information.

James J. Charles.



James J. Charles, President, is a financial executive.  Since January 15, 1999 he has been the
Sr. Vice President of Finance and Chief Financial Officer of ATEC Group, Inc.  From 1994 to 1998
he was a financial consultant to several public companies, including ATEC.  From 1991 to 1994 he
was the Chief Financial Officer of Caribbean Printing Industries.  From 1966 to 1992 he was a partner
with Ernst & Young.

Dominick Pope.

Mr. Pope has been a Director of the Company since inception.  Mr. Pope has been Secretary
and a Director of Arrow Capital Group, Inc. since May, 1997.  Mr. Pope is also Secretary and a
Director of F-Pack International, Inc.   Mr. Pope attended the Baruch School of Business at the City
University of New York, and is a founder of Intercom Technologies, Inc, serving as President and
Chairman of the Board of Directors since 1977 and Treasurer since March 1985 until his resignation
in April 1998.  Mr. Pope is presently President of L.J. Loeffler In House Communications, Inc.

Compliance With Section 16(a) of the Exchange Act.

The Company's directors  have each filed an Annual Statement of Changes in Beneficial
Ownership on Form 5.

ITEM 10.	EXECUTIVE COMPENSATION.

No officer or director received any remuneration from the Company during the fiscal year.
Until the Company acquires additional capital, it is not intended that any officer or director will
receive compensation from the Company other than reimbursement for out-of-pocket expenses
incurred on behalf of the Company.  See "Certain Relationships and Related Transactions."  The
Company has no stock option, retirement, pension, or profit-sharing programs for the benefit of
directors, officers or other employees, but the Board of Directors may recommend adoption of one or
more such programs in the future.

ITEM 11.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth, as of the end of the Company's most recent fiscal year, the
number of shares of Common Stock owned of record and beneficially by executive officers, directors
and persons who hold 5.0% or more of the outstanding Common Stock of the Company.  Also
included are the shares held by all executive officers and directors as a group.

|Name and Address                                                            | Number of Shares Owned
Beneficially | Percent of Class
Owned
|--------------------------------------------------------------------------- | ----------------------------------- | ----------------------
|James J. Charles (1)  5150 Tamiami
Trail North #202

Naples, Florida  34103 | 0                                   | 0                     
|Dominick Pope (1) 5150 Tamiami
Trail North #202

Naples, Florida 34103      | 0                                   | 0                     
|Gary D. Yankelowitz

665 5th Avenue

New York, NY 10022                     | 919,000                             | 25.6%                 
|Rudy B. Ambrosi
3131 Regatta Road

Naples, Florida 34103                    | 1,000,000                           | 27.8%                 
|Mid-Continental Securities

5150 Tamiami Trail No. #202

Naples, FL 34103   | 619,000                             | 17.3%                 
|Frank Pioppi

5150 Tamiami Trail No. #202

Naples, FL 34103                 | 625,000                             | 17.4%                 
|Ambassador Capital Group

5150 Tamiami Trail No. #202

Naples, FL 34103     | 300,000                             | 8.4%                  

(1)The person listed is an officer, a director, or both, of the Company.

ITEM 12.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

No officer, director, promoter, affiliate or beneficial owner of the Company has, has had, or
proposes to have, any direct or indirect material interest in any asset proposed to be acquired by the
Company through security holdings, contracts, options, or otherwise.

The Company has adopted a policy under which any consulting or finder's fee that may be
paid to a third party for consulting services to assist management in evaluating a prospective business
opportunity would be paid in stock rather than in cash.  Any such issuance of stock would be made on
an ad hoc basis.  Accordingly, the Company is unable to predict whether, or in what amount,

such stock issuance might be made.

It is not currently anticipated that any salary, consulting fee, or finder's fee shall be paid to any
of the Company's directors or executive officers, or to any other affiliate of the Company except as
described under "Executive Compensation" above.

Although management has no current plans to cause the Company to do so, it is possible that
the Company may enter into an agreement with an acquisition candidate requiring the sale of all or a
portion of the Common Stock held by the Company's current stockholders to the acquisition
candidate or principals thereof, or to other individual or business entities, or requiring some other
form of payment to the Company's current stockholders, or requiring the future employment of
specified officers and payment of salaries to them.  It is more likely than not that any sale of securities
by the Company's current stockholders to an acquisition candidate would be at a price substantially

higher than that originally paid by such stockholders.  Any payment to current stockholders in the
context of an acquisition involving the Company would be determined entirely by the largely
unforeseeable terms of a future agreement with an unidentified business entity.

ITEM 13.	EXHIBITS AND REPORTS ON FORM 8-K.

(a)  The Exhibits listed below are filed as part of this Annual Report.



Exhibit No.				Document



3.1		Articles of Incorporation (incorporated by reference from Registration Statement on
Form 10-SB filed with the Securities and Exchange Commission on June 14, 2002).

3.2		Bylaws (incorporated by reference from Registration Statement on Form 10-SB filed
with the Securities and Exchange Commission on June 14, 2002).

(a)	Exhibits 99.1 and 99.2**,**  CERTIFICATION PURSUANT TO SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002****are filed herewith.

- No reports on Form 8-K were filed by the Company during the last quarter of its
fiscal year ending December 31, 2002.

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.

**SIGNATURES**

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

**CLAMSHELL ENTERPRISES, INC.**

By: /S/	MARTIN BERNS

Martin Berns, President and Chief Executive Officer

By: /S/ IVAN BIAL

Ivan Bial, Director and Secretary



Date: March 31, 2003



Exhibit 99.1
CLAMSHELL ENTERPRISES, INC.
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Martin Berns, certify that:

1.  I have reviewed this annual report on Form 10-KSB of Clamshell Enterprises, Inc.

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 Rules 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 performing the
equivalent functions):

a) 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

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

6.  The registrant's other certifying officers and I have indicated in this annual report whether 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.

|Date: March 31, 2003 | By: /S/	MARTIN BERNS

Martin Berns, President and Chief Executive Officer
|-------------------- | -------------------------------------------------------------------------



Exhibit 99.2
CLAMSHELL ENTERPRISES, INC.
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Ivan Bial, certify that:

1.  I have reviewed this annual report on Form 10-KSB of Clamshell Enterprises, Inc..

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 Rules 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 performing the
equivalent functions):

a) 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

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

6.  The registrant's other certifying officers and I have indicated in this annual report whether 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.

|Date: March 31, 2003 | By: /S/ IVAN BIAL

Ivan Bial, Director and Secretary
|-------------------- | ----------------------------------------------------