United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549
                             ----------------------

                                   Form 10-KSB

     [X]   Annual Report Pursuant to Section 13 or 15(d) of the
           Securities Exchange Act of 1934

           For the Fiscal Year Ended December 31, 2000
                                     -----------------
     [ ]   Transition Report Pursuant to Section 13 or 15(d) of the
           Securities Exchange Act of 1934

           For the Transition Period from __________ to __________

                         Commission File Number 0-28005


                      CobraTech International, Inc.
          ------------------------------------------------------
          (Exact Name of Registrant as Specified in its Charter)


              Nevada                         88-0422028
   -------------------------------      ---------------------
   (State or other jurisdiction of        (I.R.S. employer
    incorporation or organization)      identification number)


         6511 Jasper Road
   Sechelt, British Columbia Canada                      V0N 3A8
  ----------------------------------------              ---------
  (Address of principal exectuive offices)              (Zip code)


Registrant's Telephone Number, Including Area Code: (604) 885-0401

Securities Registered Pursuant to Section 12(b) of the Act: NONE

Securities Registered Pursuant to Section 12(g) of the Act:
Common Stock, $0.001 par value per share, 25,000,000 shares
authorized, 8,840,001 issued and outstanding as of December 31,2000.

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 [ ]

Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-B is not contained herein, and will not
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.  [ ]

The Company's stock is not, and has not, been traded or quoted.
Therefore, there is no way to ascertain a market value for the stock.

The number of shares of Common Stock outstanding as of December 31,
2000 was 8,840,001.

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

                DOCUMENTS INCORPORATED BY REFERENCE

<PAGE>

Sections of the registrant's definitive Proxy Statement for the
registrant's Annual Meeting of Stockholders, which will be filed
with the Securities and Exchange Commission, are incorporated by
reference into Part III of this Report to the extent stated herein.

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

The following discussion contains, in addition to historical
information, forward-looking statements that involve risks and
uncertainties. The Company's actual results could differ
significantly from the results discussed in the forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to, those discussed below
and in Item 7, "Management's Discussion and Analysis of Financial
Condition."

                              PART I

ITEM 1 -- BUSINESS.

General

CobraTech International, Inc. plans to create a western-themed
resort facility with entertainment, attractions and hotel rooms for
overnight lodging, to be located in the Southern California region
of the United States.  The Company seeks to create a facility that
depicts life in the old-west of the 1800s.  The Company intends to
develop this concept by doing the following: identifying land to
build the project on; conducting feasibility analysis on identified
land; obtaining financing to purchase the property; and attracting
developers to build hotels, restaurants, retail stores and
attractions.

The success of the Company's business depends upon management's
ability to expand upon and develop the Company's western-themed
attraction.  Currently, the Company has no material source of
revenues.  The potential success of the Company's business concept
is unproven, and, to be successful, management of the Company must,
among other things, develop and market concepts that achieve broad
market acceptance by potential developers and visitors.

Industry Background

The Company seeks to re-create the old west environment by
performing living history interpretations based on first person or
generic approximations of frontier people and events in the United
States during the 1800s.  Reenactment groups provide slices of
history for public consumption, such as street scenes, gunfights,
cowboys on horseback or some other representation of daily life.
Typical reenactment companies attempt to portray history based on
the best research available, to prevent inaccuracies.

The reenactment and re-creation of historical lifestyles is a
relatively small industry segment.  The companies encountered by
Dead Man's Point in the recreation industry to date are private or
non-profit organizations.  The Company's research has not
discovered publicly traded companies providing representation of
life in the old west.

The CobraTech International Concept

CobraTech International, Inc. seeks to develop entertainment and
lodging built around a recreation of a town depicting life in the
"old-west" United States in the 1800s.  The Company seeks to
establish a base of operations in the Southern California region.
The proposed facilities include hotel rooms, recreational vehicle
grounds, conference and musical venues, retail stores and
restaurants.  These facilities will emphasize the old west and
mining era theme, with tenants that may not be available in a
typical urban shopping area.  The historical

<PAGE>

concept will also provide educational opportunities, where guests
can learn aboutl ife in the old west. The Company may feature live
reenactments of the daily lifestyle and hardships encountered in the
United States during the 1800s.

The Company seeks to develop its concept in the Southern California
region of the United States, where management believes there is
suitable demand for lodging and entertainment facilities.  The
Company also believes that its proposed area of operation will
provide outdoor recreational opportunities for visitors.  The open
land and various terrain available in Southern California will
allow the operation of black powder shooting ranges, horse back
riding, hiking and other outdoor activities.

The Company, however, has limited operating history, and must be
considered a developmental stage company.  As such, the Company
faces all of the risks inherent in any new business and especially
with a developmental stage company.  These risks include, but are
not limited to, the identification and availability of suitable
property, competition for property, the ability of the Company to
attract developers, the ability of the Company to attract vendors,
management of the costs of conducting operations, securing required
governmental approvals and permits, general economic conditions and
other factors, some of which are beyond the control of the Company.
There can be no assurance that the Company will be successful in
addressing these risks.  Failure to successfully address these
risks could have a material adverse effect on the Company's
business, financial condition, results of operations or cash flows.

Government Regulation

The Company's business is subject to a variety of state and local
governmental regulations and licensing requirements relating to
entertainment and land development activities.  Prior to commencing
feasibility studies on a project, the Company may be required to
obtain permits and or licenses to conduct operations.

The Company believes that the regulations governing the real estate
operating and developing industry will not have a material effect
on its current operations, which has been limited to developing its
services and products and establishing its web presence.  However,
various federal and state agencies may propose new legislation that
may adversely affect the Company's business, financial condition
and results of operations.

Employees

The Company presently has one (1) full-time employee and no (0)
part-time employees.  The Company's employees are currently not
represented by a collective bargaining agreement, and the Company
believes that its relations with its employees are good.

The names,ages and positions of the Company's directors and executive
officers are as follows:

   Name                Age                      Position
-------------          ---   --------------------------------------
John Devlin                   President and Director

John Devlin, President and Director -


ITEM 2.   PROPERTIES.

The Company's corporate headquarters are located at 6511 Jasper
Road, Sechelt, British Columbia, Canada V0N 3A8.  The office space
is provided by an officer and director of the Company at no cost to
the Company.  The Company does not

<PAGE>

have any additional facilities.Additionally, there are currently no
proposed programs for the renovation, improvement or development of
the property currently being utilized by the Company. Management
believes this is currently suitable as the main administrative office
and should remain so for the next approximately twelve (12) months.

ITEM 3 -- LEGAL PROCEEDINGS.

The Company is not subject to any legal proceedings.

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

Not applicable.
                                    PART II

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

The Company's common stock has been registered in a Form 10-SB
filing with the Securities and Exchange Commission. The Form 10-SB
filing has been approved, and the Company's shares are registered
under the Securities Act of 1933 (the "Act"). The Company intends
to meet the fully-reporting requirements of the Act and filere ports
in the required intervals. The Company is currently seeking to be
listed on the NASD OTC Electronic Bulletin Board sponsored by
the National Association of Securities Dealers, Inc.

The following table sets forth certain information as of the end of
1999,  with  respect to the beneficial ownership of  the  Company's
Common  Stock by all persons known by the Company to be  beneficial
owners of more than 5% of any such outstanding classes, and by each
director  and executive officer, and by all officers and  directors
as a group.  Unless otherwise specified, the named beneficial owner
has, to the Company's knowledge, either sole or majority voting and
investment power.

                           COMMON STOCK
                           ------------
Name of Beneficial Owner           Number of Shares     % of Class
------------------------           ----------------     ----------
John Devlin (1)                        8,500,000          96.15

All Executive Officers and             8,500,000          96.15
Directors as a Group (1 persons)


Footnotes to Principal Shareholders:
(1) The address of each executive officer and director is c/o 6511
    Jasper Road, Sechelt, British Columbia, Canada V0N 3A8

As of April 15, 2001, there were 36 stockholders of record and
approximately one (1) beneficial owner of the Company's common
stock.

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

                    FORWARD LOOKING STATEMENTS

The statements contained in this report that are not historical
facts are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act.  Forward-looking
statements are made based upon management's current expectations
and beliefs concerning future developments and their potential
effects upon the Company. There can be no assurance that future
developments affecting the Company will be those anticipated by
management.

<PAGE>

Actual results may differ materially from those included in the
forward-looking statements.

Readers are also directed to other risks and uncertainties
discussed in other documents filed by the Company with the
Securities and Exchange Commission.  The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, future developments or
otherwise.

Overview

The Company was organized March 30, 1999, and is considered to be a
developmental stage company engaged in the creation of a western-
themed resort facility. The Company has a limited operating history
and has not generated revenues from its operations. CobraTech
International, Inc.'s activities have been limited to start-up
procedures. Consequently, the Company has incurred the expenses of
such procedures. Future operating results will depend on many
factors, including its ability to raise adequate working capital,
demand for its services, the level of competition and its ability
to satisfy governmental regulations and deliver its services while
maintaining quality and controlling costs.

Plan of Operation

Management of the Company believes that the need for additional
capital going forward will be derived somewhat from internal
revenues and earnings generated from the sale of its services. If
the Company is unable to generate revenues from its services,
however, management believes the Company will need to raise
additional funds to meet its cash requirements. It is the intent of
the Company to seek to raise additional capital via a private
placement offering. In the meantime, management of the Company
plans to advance funds to the Company on an as-needed basis
although there is no definitive or legally binding arrangement to
do so. The Company currently has no arrangements or commitments for
accounts and accounts receivable financing. There can be no
assurance that any such financing can be obtained or, if obtained
that it will be on reasonable terms. This is a development stage
company. The Company believes that its initial revenues will be
primarily dependent upon the Company's ability to cost effectively
and efficiently develop a western-themed attraction. The Company
designates as its priorities for the next twelve (12) months of
operations as developing and marketing its services to establish
its business in the real estate services industry. Realization of
sales of the Company's services during the fiscal year ending
December 31, 2000 is vital to its plan of operations. There are no
guarantees that the Company will be able to compete successfully or
that the competitive pressures the Company may face will not have a
material adverse effect on the Company's business, results of
operations and financial condition. Additionally, a superior
competitive service could force the Company out of business.

Results of Operations

Period from March 30, 1999 (Inception) to December 31, 2000.

The operational period from March 30, 1999 (Inception) to December
31, 2000, achieved two main goals for the Corporation. The
Company's goals were the formation of the organization to pursue
the Company's business objective and to obtain sufficient capital
to commence initial operations.

Revenues. Cobra Tech International, Inc. is a developmental stage
company as defined in SFAS #7. The Company has not generated any
revenues to date. The Company has devoted substantially all of its
present efforts to: (1) developing its presence in the real estate
services market, (2) marketing its services to the general public
and (3) maintaining its 12(g) reporting requirements with the

<PAGE>

Securities Act of 1934 and its commencement of trading on the NASD
Over-the-Counter Bulletin Board ("OTC-BB").

Expenses. The Company incurred significant expenses for the
operating period December 31, 1999 to December 31, 2000, totaling
$5,599. Expenditures were primarily due to costs incurred for
professional fees, services and general and administrative
expenses.  The Company's professional and service expenses were
incurred from its public listing process on the NASD's OTC-BB which
included the process of the public offering in the State of Nevada,
state Blue Sky registrations, attorneys' fees, escrow and
EDGARization costs related to the offering, and audits and public
filing costs.

Net Loss. Due to the significant operating expenses, CobraTech
International, Inc. experienced a net loss of $5,599. The Company
anticipated incurring this loss during the initial commencement of
operations until such time that it will realize revenues from
operations in the fiscal year 2001.

Liquidity and Capital Resources

The Company has generated no revenues during this period and it is
unknown when it will generate significant revenues. It is
anticipated that the Company will realize revenues from its
services during the next twelve (12) months, of which the Company
cannot guarantee. The receipt of funds from Private Placement
Offerings or loans obtained through private and public sources by
CobraTech International, Inc. may be anticipated to offset its near
term cash equivalents for the next twelve (12) months. The Company
has financed its cash flow requirements through issuance of common
stock. During its normal course of business, the Company may
experience net negative cash flows from operations, pending receipt
of revenues. Further, the Company may be required to obtain
additional financing to fund operations through common stock
offerings and bank borrowings, to the extent available, or to
obtain additional financing to the extent necessary to augment its
working capital.

ITEM 7. FINANCIAL STATEMENTS.

G. BRAD BECKSTEAD
Certified Public Accountant
                                                330 E. Warm Springs
                                                Las Vegas, NV 89119
                                                       702.528.1984
                                                425.928.2877 (efax)

                   INDEPENDENT AUDITOR'S REPORT


                           April 9, 2001

Board of Directors
Cobra Tech International, Inc.
[formerly Dead Man's Point, Inc.]
Las Vegas, NV

I have audited the Balance Sheet of Cobra Tech International, Inc.
[formerly Dead Man's Point, Inc.] (the "Company") (a Development
Stage Company), as of December 31, 2000 and 1999, and the related
Statements of Operations, Stockholders' Equity, and Cash Flows for
the years then ended, and for the period March 30, 1999 (Date of
Inception) to December 31, 2000.  These financial statements are
the responsibility of the Company's management.  My responsibility
is to express an opinion on these financial statements based on my
audit.

I conducted my audit in accordance with generally accepted auditing
standards.

<PAGE>

Those standards require that I 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 statement presentation.  An audit also includes assessing
the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation.  I believe that my audit provides a reasonable basis
for my opinion.

In my opinion, the financial statements referred to above present
fairly, in all material respects, the balance sheet of Cobra Tech
International, Inc. as of December 31, 2000 and 1999, and its
related statements of operations, equity and cash flows for the
years then ended, and for the period March 30, 1999 (Date of
Inception) to December 31, 2000, in conformity with generally
accepted accounting principles.

The accompanying financial statements have been prepared assuming
the Company will continue as a going concern.  As discussed in Note
4 to the financial statements, the Company has had limited
operations and have not commenced planned principal operations.
This raises substantial doubt about its ability to continue as a
going concern.  Management's plan in regard to these matters are
also described in Note 4.  The financial statements do not include
any adjustments that might result from the outcome of this
uncertainty.

/s/ G. Brad Beckstead

G. Brad Beckstead, CPA

<PAGE>

G. BRAD BECKSTEAD
Certified Public Accountant
                                                330 E. Warm Springs
                                                Las Vegas, NV 89119
                                                       702.528.1984
                                                425.928.2877 (efax)



April 9, 2001


To Whom It May Concern:

The firm of G. Brad Beckstead, CPA, consents to the inclusion of my
report of April 9, 2001, on the Financial Statements of Cobra Tech
International, Inc. [formerly Dead Man's Point, Inc.] for the years
ended December 31, 2000 and 1999, in any filings which are necessary
now or in the near future to be filed with the US Securities and
Exchange Commission.

Signed,

/s/ G. Brad Beckstead

G. Brad Beckstead, CPA

                         TABLE OF CONTENTS







Independent Auditor's Report

Balance Sheet

Income Statement

Statement of Stockholders' Equity

Statement of Cash Flows

Footnotes

<PAGE>

                     Cobra Tech International, Inc.
                   [formerly Dead Man's Point, Inc.]
                     (a Development Stage Company)
                             Balance Sheet


                                          December 31,        December 31,
                                             2000                1999
                                          -----------         -----------
Assets

Current assets:
  Cash                                    $        19         $       459
  Loan to stockholder                           9,511               9,511
                                          -----------         -----------
    Total current assets                        9,530               9,970
                                          -----------         -----------
                                          $     9,530         $     9,970
                                          ===========         ===========
Liabilities and Stockholders' Equity

Current liabilities:
  Accounts payable                        $        -          $        50
  Loan from stockholder                        8,334                3,125
                                          -----------         -----------
    Total current liabilities                  8,334                3,175
                                          -----------         -----------
                                               8,334                3,175
                                          -----------         -----------
Stockholders' equity:
  Common stock, $0.001 par value,
  25,000,000 shares authorized,
  8,840,001 shares issued and outstanding      8,840                9,840

  Additional paid-in capital                  10,860                9,860

    Deficit accumulated during
      development stage                      (18,504)             (12,905)
                                          -----------         -----------
                                               1,196                6,795
                                          -----------         -----------
                                          $    9,530          $     9,970
                                          ===========         ===========


    See Independent Accountant's review report and accompanying Notes.

<PAGE>

                       Cobra Tech International, Inc.
                     [formerly Dead Man's Point, Inc.]
                       (a Development Stage Company)
                         Statement of Operations

                                                               March 30, 1999
                                    Years ending December 31,  (Inception) to
                                    -------------------------    December 31,
                                        2000          1999          2000
                                    -----------   -----------    ------------

Revenue                             $        -    $        -     $         -
                                    -----------   -----------    ------------
Expenses:
  General administrative expenses        5,599         12,905         18,504
                                    -----------   -----------    ------------
    Total expenses                       5,599         12,905         18,504
                                    -----------   -----------    ------------
Net loss                            $   (5,599)   $   (12,905)   $   (18,504)
                                    ===========   ============   ============
Weighted average number of
  common shares outstanding          8,840,001      8,840,001      8,840,001
                                    ===========   ============   ============
Net loss per share                  $        -    $         -    $         -
                                    ===========   ============   ============


    See Independent Accountant's review report and accompanying Notes.

<PAGE>


                        Cobra Tech International, Inc.
                      [formerly Dead Man's Point, Inc.]
                        (A Development Stage Company)
                  Statement of Changes in Stockholders' Equity
      For the period March 30, 1999 (Date of Inception) to December 31, 2000



                                                           Deficit
                                                         Accumulated  Total
                        Common Stock Additional Subs-      During     Stock-
                    ----------------- Paid-in  cription Development  holders'
                      Shares   Amount Capital  Receivable   Stage     Equity
                    ---------  ------ -------   --------  ---------   -------
March 31, 1999
  Shares issued for
  subscription
  receivable         8,500,000  $9,500  $    -  $ (9,500)  $     -   $     -

April 1, 1999
  Shares issued
  for cash             340,001     340   9,860                        10,200

August 20, 1999
  Cash received for
  subscription
  receivable                                       9,500               9,500

Net loss for the
year ended
  December 31, 1999                                        (12,905)  (12,905)

                    ---------  ------ -------   --------  ---------   -------
Balance,
December 31, 1999   8,840,001   9,840   9,860          -   (12,905)    6,795

Reclassification of
 paid-in capital               (1,000)  1,000                              -

Net loss for the
year ended
  December 31, 2000                                         (5,599)   (5,599)

                    ---------  ------ -------   --------  ---------   -------
Balance,
December 31, 2000   8,840,001  $8,840 $10,860   $      -  $(18,504)   $1,196
                    =========  ====== =======   ========  =========   =======


    See Independent Accountant's review report and accompanying Notes.

<PAGE>

                         Cobra Tech International, Inc.
                        [formerly Dead Man's Point, Inc.]
                          (a Development Stage Company)
                             Statement of Cash Flows


                                                                March 30, 1999
                                      Years ending December 31, (Inception) to
                                      -------------------------   December 31,
                                         2000         1999          2000
                                     ----------   -----------   -----------
Cash flows from operating
activities

Net loss                             $  (5,599)   $ (12,905)    $  (18,504)

Adjustments to reconcile
net income to net cash used
 by operating activities:
  (Increase) decrease in:
   Loan to stockholder                       -       (9,511)       (9,511)
  Increase (decrease) in:
   Accounts payable                        (50)          50             -
   Loan from stockholder                 5,209        3,125         8,334
                                     ----------   -----------   -----------
Net cash used by operating activities     (440)     (19,241)      (19,681)
                                     ----------   -----------   -----------
Cash flows from investing activities
Net cash provided (used) by
investing activities                         -            -             -
                                     ----------   -----------   -----------
Cash flows from financing activities
  Issuance of common stock                   -        19,700        19,700
                                     ----------   -----------   -----------
Net cash provided by financing
 activities                                  -        19,700        19,700
                                     ----------   -----------   -----------
Net (decrease) increase in cash           (440)          459            19
Cash - beginning                           459             -             -
                                     ----------   -----------   -----------
Cash - ending                        $      19    $      459    $       19
                                     ==========   ===========   ===========
Supplemental disclosures:
  Interest paid                      $       -   $         -    $        -
                                     ==========   ===========   ===========
  Income taxes paid                  $       -   $         -    $        -
                                     ==========   ===========   ===========


    See Independent Accountant's review report and accompanying Notes.

<PAGE>




Note 1 - Significant accounting policies and procedures

Organization
------------
The  Company was organized March 30, 1999 (date of inception) under
the  laws  of  the  State  of Nevada, as  Dead  Man's  Point,  Inc.
Subsequently,   the  Company  changed  its  name  to   Cobra   Tech
International, Inc.

The  Company has limited operations and in accordance with SFAS #7,
the Company is considered a development stage company.

<PAGE>

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  revenue and expenses  during  the  reporting
period.  Actual results could differ from those estimates.

Cash and cash equivalents
-------------------------
The  Company  maintains  a cash balance in  a  non-interest-bearing
account  that  currently does not exceed federally insured  limits.
For  the purpose of the statements of cash flows, all highly liquid
investments with an original maturity of three months or  less  are
considered to be cash equivalents.

Revenue recognition
-------------------
The  Company recognizes revenue on an accrual basis as it  invoices
for services.

Reporting on the costs of start-up activities
---------------------------------------------
Statement of Position 98-5 (SOP 98-5), "Reporting on the  Costs  of
Start-Up  Activities,"  which provides guidance  on  the  financial
reporting of start-up costs and organizational costs, requires most
costs  of  start-up  activities  and  organizational  costs  to  be
expensed  as  incurred.   SOP 98-5 is effective  for  fiscal  years
beginning after December 15, 1998.  With the adoption of SOP  98-5,
there  has  been  little  or no effect on the  Company's  financial
statements.

Loss per share
--------------
Net  loss  per  share is provided in accordance with  Statement  of
Financial  Accounting Standards No. 128 (SFAS #128)  "Earnings  Per
Share".   Basic  loss  per  share is computed  by  dividing  losses
available to common stockholders by the weighted average number  of
common  shares outstanding during the period.  The Company  had  no
dilutive  common  stock  equivalents,  such  as  stock  options  or
warrants as of December 31, 2000.

Advertising Costs
-----------------
The  Company expenses all costs of advertising as incurred.   There
were  no  advertising  costs  included  in  selling,  general   and
administrative expenses in 2000.

Fair value of financial instruments
-----------------------------------
Fair value estimates discussed herein are based upon certain market
assumptions and pertinent information available to management as of
December  31, 2000.  The respective carrying value of  certain  on-
balance-sheet financial instruments approximated their fair values.
These financial instruments include cash and accounts payable. Fair
values  were  assumed to approximate carrying values for  cash  and
payables  because they are short term in nature and their  carrying
amounts approximate fair values or they are payable on demand.

Impairment of long lived assets
-------------------------------
Long  lived  assets held and used by the Company are  reviewed  for
possible  impairment whenever events or circumstances indicate  the
carrying  amount of an asset may not be recoverable or is impaired.
No  such impairments have been identified by management at December
31, 2000.

Segment reporting
-----------------
The Company follows Statement of Financial Accounting Standards No.
130,  "Disclosures  About  Segments of an  Enterprise  and  Related
Information".  The Company operates as a single  segment  and  will
evaluate  additional segment disclosure requirements as it  expands
its operations.

Dividends
---------
The  Company  has not yet adopted any policy regarding  payment  of
dividends.    No  dividends  have  been  paid  or  declared   since
inception.

<PAGE>

Recent pronouncements
---------------------
The  FASB  recently  issued  Statement  No.  137,  "Accounting  for
Derivative Instruments and Hedging Activities-Deferral of Effective
Date of FASB Statement No. 133".  The Statement defers for one year
the  effective  date  of FASB Statement No.  133,  "Accounting  for
Derivative Instruments and Hedging Activities".  The rule now  will
apply  to  all fiscal quarters of all fiscal years beginning  after
June  15,  2000.   In  June 1998, the FASB  issued  SFAS  No.  133,
"Accounting  for  Derivative Instruments and  Hedging  Activities."
The Statement will require the company to recognize all derivatives
on  the  balance  sheet at fair value.  Derivatives  that  are  not
hedges  must  be  adjusted to fair value  through  income,  if  the
derivative  is  a  hedge, depending on the  nature  of  the  hedge,
changes  in  the  fair value of derivatives will either  be  offset
against the change in fair value of the hedged assets, liabilities,
or  firm  commitments  through  earnings  or  recognized  in  other
comprehensive  income  until  the  hedged  item  is  recognized  in
earnings.  The ineffective portion of a derivative's change in fair
value will be immediately recognized in earnings.  The company does
not  expect SFAS No. 133 to have a material impact on earning s and
financial position.

In  December 1999, the Securities and Exchange Commission  released
Staff Accounting Bulletin No. 101, Revenue Recognition in Financial
Statements   (SAB  No.  101),  which  provides  guidance   on   the
recognition,  presentation and disclosure of revenue  in  financial
statements.   SAB  No.  101 did not impact  the  company's  revenue
recognition policies.

Note 2 - Income taxes

Income  taxes  are  provided  for using  the  liability  method  of
accounting  in  accordance with Statement of  Financial  Accounting
Standards  No.  109 (SFAS #109) "Accounting for Income  Taxes".   A
deferred  tax  asset  or liability is recorded  for  all  temporary
differences  between  financial and tax  reporting.   Deferred  tax
expense  (benefit) results from the net change during the  year  of
deferred  tax  assets and liabilities.  There is no  provision  for
income  taxes for the period ended September 30, 2000, due  to  the
net  loss  and  no  state income tax in Nevada, the  state  of  the
Company's domicile and operations.

Note 3 - Stockholders' equity

The  Company is authorized to issue 25,000,000 shares of $0.001 par
value common stock.

On  March  31,  1999, the Company issued 9,500,000  shares  of  its
$0.001  par value common stock to a stockholder in exchange  for  a
subscription  receivable in the amount of  $9,500.   The  board  of
directors subsequently rescinded 1,000,000 of the originally issued
shares making the net issuance 8,500,000 shares.

On  April 1, 1999, the Company issued 340,001 shares of its  $0.001
par  value  common stock to stockholders in exchange  for  cash  of
$10,200.

On   August   20,  1999,  the  Company  canceled  the  subscription
receivable  and  deposited  $9,500  into  the  corporate   checking
account.

In  December  2000,  the board of directors voted  and  approved  a
resolution to rescind 1,000,000 shares of the Company's  $.001  par
value common stock it had previously issued to a stockholder.   The
rescission  has  been  retroactively  reflected  in  the  financial
statements.

There have been no other issuances of common stock.

<PAGE>

Note 4 - Going concern

The Company's financial statements are prepared using the generally
accepted accounting principles applicable to a going concern, which
contemplates   the  realization  of  assets  and   liquidation   of
liabilities  in the normal course of business. Without  realization
of  additional  capital, it would be unlikely for  the  Company  to
continue  as  a going concern.  Because the Company does  not  have
significant  cash  or  other  material  assets  nor  does   it   an
established  source  of revenue sufficient to cover  its  operating
costs,  the  stockholders/officers will continue  advancing  enough
cash to cover the operating costs the company.  The advances do not
bear  any  interest.   Additionally, the Company  intends  to  sell
additional shares of its $0.001 par value common stock when  it  is
listed on the NASDAQ bulletin board.

Note 5 - Related party transactions

The  Company does not lease or rent any property.  Office  services
are  provided without charge by a director/stockholder.  Such costs
are  immaterial to the financial statements and, accordingly,  have
not been reflected therein.

The  officers  and directors of the Company are involved  in  other
business  activities  and may, in the future,  become  involved  in
other  business opportunities.  If a specific business  opportunity
becomes  available, such persons may face a conflict  in  selecting
between  the  Company  and  their other  business  interests.   The
Company  has  not  formulated a policy for the resolution  of  such
conflicts.

Note 6 - Warrants and options

There  are  no  warrants  or  options outstanding  to  acquire  any
additional shares of common stock.

<PAGE>

                             PART III

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

The information required in this item is incoproated by reference
to this document and the section entitled "EMPLOYEES".

ITEM 10. EXECUTIVE COMPENSATION.

The following table sets forth all cash compensation to be paid  by
the Company to its officers, directors, and significant employees.

NAME OF INDIVIDUAL      POSITION WITH COMPANY    ANNUAL COMPENSATION
---------------------------------------------------------------------
John Devlin             President and Director       $75,000.00



Footnotes to Executive Compensation:
------------------------------------
1. No executive officer of the Company prior to December 31, 2000
   drew a salary from the Company.
2. There were no arrangements, pursuant to which any director of
   the Company was compensated for the period from inception for any
   service provided as a director.  While the Company's only directors
   are its current executive officers who are already drawing a salary
   for  the  management of the Company it may be necessary  for  the
   Company to compensate newly appointed Directors in order to attract
   a  quality  governance team.  At this time the  Company  has  not
   identified  any  specific individuals or candidates  nor  has  it
   entered into any negotiations or activities in this regard.

                       EMPLOYMENT AGREEMENTS

The  Company does not currently have employment agreements with its
executive  officers but expects to sign employment agreements  with
each in the near future.

ITEM  11.  SECURITY  OWNERSHIP  OF CERTAIN  BENEFICIAL  OWNERS  AND
MANAGEMENT.

The information required by this Item concerning the stock
ownership of management and five percent beneficial owners is
incorporated herein by reference to ITEM 5 of this document
entitled, "MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS".

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

None.

ITEM 13. EXHIBITS

(a)   Exhibits:

A  list  of  exhibits required to be filed as part of  this  Annual
Report  is  set  forth in the Index to Exhibits, which  immediately
precedes such exhibits and is incorporated herein by reference.

<PAGE>

                            SIGNATURES

In  accordance with the requirements of 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.

COBRATECH INTERNATIONAL, INC.

By: /s/ John Devlin
     --------------------------              Date:  April 16, 2001

John Devlin
President and Director

<PAGE>

                         INDEX TO EXHIBITS


Exhibit
Number            Name and/or Identification of Exhibit
--------          -------------------------------------

3.             (1) Articles of Incorporation & By-Laws

               (a) Articles of Incorporation of the Company filed
                   March 30, 1999
               (b) By-Laws of the Company adopted March 31, 1999

4.             Instruments Defining the Rights of Security Holders

                   No instruments other than those included in
Exhibit 3

11.            Statement Re-Computation of Per Share Earnings

                   Computation of per share earnings can be clearly
                   determined from the table set forth in Note 2 of
                   the Company's financial statements

23.            Consent of Experts and Counsel

                    Consents of independent public accountants

27.            Financial Data Schedule

                   Financial Data Schedule of CobraTech International, Inc.
                   ending December 31, 2000


(1)      The copy of this exhibit filed as the same exhibit to the
Company's Registration Statement on Form 10-SB and amendments thereto, is
incorporated herein by reference.

<PAGE>

                                   SIGNATURES

In accordance  with Section 12 of the Securities  Exchange Act of 1934,
the registrant caused this registration  statement to be signed on its
behalf by the undersigned, thereunto duly authorized.

                       CobraTech International, Inc.
------------------------------------------------------------------------
                                (Registrant)

Date:    April 16, 2001
         ----------------

By:      /s/ John Devlin
         -------------------------------------
         John Devlin, President and Director