UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB

                     ANNUAL REPORT UNDER SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                    FOR THE FISCAL YEAR ENDED AUGUST 31, 2001

                                    000-32247
                            (Commission file number)

                               1-900 JACKPOT, INC.
                        (Formerly PULTRONEX CORPORATION)


                         Nevada                   98-0219399
             (State or other jurisdiction        (IRS Employer
           of incorporation or organization)    Identification No.)

                 17938 -67 Avenue, Surrey, B.C., Canada V3S 8C3
               (Address of principal executive offices) (Zip Code)

                                  604-575-0050
                           (Issuer's telephone number)


        SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: NONE

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

                               TITLE OF EACH CLASS
                          COMMON STOCK, $.001 PAR VALUE

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 there  is 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 referenced in Part
III of this Form 10-KSB or any amendment to this Form 10-KSB. [ ]

Revenue for the year ended August 31, 2001:  $2,620,339

There is a limited trading market for the registrant's  Common Stock. There were
4,248,115  shares of Common  Stock,  and 00 (nil) shares of class "A"  preferred
stock issued and outstanding as of August 31, 2001.

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None

Transitional Small Business Disclosure Format (check one):  Yes [   ]   No [X]

<PAGE>


TABLE OF CONTENTS


Item Number and Caption                                                     Page
                                                                           -----

PART I


Item 1.     Description of Business............................................3

Item 2.     Description of Property............................................4

Item 3.     Legal Proceedings..................................................4

Item 4.     Submission of Matters to a Vote of Security Holders................4


PART II

Item 5.     Market for Common Equity and Related Stockholder Matters...........4

Item 6.     Management's Discussion and Analysis or Plan of Operations.........5

Item 7.     Financial Statements.........................................6 to 25

Item 8.     Changes in and Disagreements With Accountants on Accounting and
            Financial Disclosure..............................................25

PART III

Item 9.     Directors, Executive Officers, Promoters and Control Persons;
            Compliance with Section 16(a) of the Exchange Act.................25

Item 10.    Executive Compensation............................................27

Item 11.    Security Ownership of Certain Beneficial Owners and Management....27

Item 12.    Certain Relationships and Related Transactions....................27

Item 13.    Exhibits and Reports on Form 8-K..................................28

Item 14.    Controls and Procedures...........................................29

Item 15.    Principal Accountant Fees and Services............................29



<PAGE>


                                     PART I



ITEM 1. DESCRIPTION OF BUSINESS

BACKGROUND

1-900  Jackpot,  Inc.  (formerly  Pultronex  Corporation)  (the  "Company")  was
incorporated in Nevada,  August 20, 1999. On August 20, 1999 the shareholders of
the  Company  entered  into an  agreement  to  transfer  all of their  shares in
Pultronex  Corporation of Alberta to 1-900  Jackpot,  Inc.  (formerly  Pultronex
Corporation) of Nevada in exchange for shares of 1-900 Jackpot,  Inc.  (formerly
Pultronex  Corporation)  of  Nevada.  As a result  of that  exchange,  Pultronex
Corporation of Alberta became a wholly owned  subsidiary of 1-900 Jackpot,  Inc.
(formerly Pultronex Corporation) of Nevada.

Pultronex  Corporation  designs,  engineers,  and markets fiberglass  reinforced
composite  products for use in  residential,  commercial,  and light  industrial
applications.  The company's  strength is its ability to quickly and effectively
apply its  intellectual  property to meet market  demands  with long life,  high
performance products. The company's proprietary products are E-Z Deck(R) and new
products  introduced  during the year  comprised  of; E-Z Rail for  residential,
commercial  and marine  applications;  WaterFront  sheet piling for seawalls and
retaining  walls; and Ultra Plank for use as scaffolding and stadium or portable
seating.

Revenue  consists  of sales net of  returns  and  discounts.  Cost of goods sold
consists of raw materials and direct labor and  manufacturing  costs,  excluding
depreciation.   Selling,   general  and   administration   expenses  are  evenly
distributed between sales and marketing expenses and administration expenses.

The  Company  operates  a  seasonal  business  as it is  closely  related to the
construction  industry,  which is highly dependent on the weather.  Based on our
short  history,  the Company  defines  its high  season to be between  March and
August of each year, when 70% of its total annual sales are made.

DISCONTINUED OPERATIONS - SIGNIFICANT SUBSEQUENT EVENT

On February 12, 2002, the Company entered into an agreement to sell the business
of its  Canadian  operating  subsidiary  to an unrelated  third party.  The sale
agreement  included  substantially all assets and operations of the consolidated
entity  with  the  exception  of cash,  accounts  receivable  and raw  materials
inventory.   Gross   proceeds   from  the  sale  were   approximately   $420,000
(CAN$650,000).  As the sale included  substantially all assets and operations of
the  business  as  described  in note 3, the  Company  effectively  discontinued
operations  on  February  12,  2002.  Net  proceeds  from  the sale and from the
realization of the remaining assets of the subsidiary will be distributed to the
primary  lender per the terms of the sale  agreement  and the  general  security
agreement  described  in note 9.  Management  is  uncertain  whether  sufficient
proceeds will be realized to satisfy all other obligations of the subsidiary.

As a consequence of the above agreement, management has abandoned the operations
of the subsidiary company  (Pultronex  Corporation of Alberta) and has finalized
an orderly wind-up of the affairs of the subsidiary.

The parent company (1-900  Jackpot,  Inc.  (formerly  Pultronex  Corporation) of
Nevada) has become totally inactive, as a consequence of this agreement.

All subsequent filings of the company (1-900 Jackpot,  Inc. (formerly  Pultronex
Corporation) of Nevada) will reflect the fact the subsidiary  company (Pultronex
Corporation  of Alberta) has been  abandoned  and the  financial  results of the
subsidiary shall be longer be consolidated into the financial  statements of the
reporting  entity (1-900  Jackpot,  Inc.  (formerly  Pultronex  Corporation)  of
Nevada).

EMPLOYEES
As of the date of this filing, the company employed no full time employees.



<PAGE>

ITEM 2. DESCRIPTION OF PROPERTY

As of the date of this filing, the company has no interest or obligations in any
property.


ITEM 3. LEGAL PROCEEDINGS

As of the date of this filing, there are no legal actions involving the company.


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

No matter was  submitted  to a vote of  security  holders  during the year ended
August 31, 2001.


                                     PART II


ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

The Company's  common stock under the  registered  name of 1-900  Jackpot,  Inc.
(formerly Pultronex Corporation) was first quoted in February of 2000.

As of the date of this filing,  the  company's  common stock has been  de-listed
because of delinquencies in filing quarterly and annual reports.

RECORD HOLDERS

As of August 31, 2001 the Company had 97 shareholders of record.

DIVIDENDS

The Company has never  declared or paid any cash  dividends on our common stock.
Any  future  determination  relating  to  dividend  policy  will  be made at the
discretion  of our Board of  Directors  and will  depend on a number of factors,
including the future earnings,  capital  requirements,  financial  condition and
future  prospects  and such  other  factors as the Board of  Directors  may deem
relevant.

RECENT  SALES OF  UNREGISTERED  SECURITIES;  USE OF PROCEEDS  FROM  UNREGISTERED
SECURITIES

Sale of Common Stock.

There were no  underwriting  discounts or  commissions  in  connection  with the
Private Placements.

The  proceeds  from Private  Placements  were used by the Company for funding of
general corporate purposes.






<PAGE>

ITEM 6.  MANAGEMENT'S DISCUSSIONS AND ANALYSIS OR PLAN OF OPERATIONS

General

The following discussion and analysis should be read in conjunction with the our
consolidated  financial  statements  and  related  footnotes  for the year ended
August 31, 2001 included in this Annual Report on Form 10-KSB. The discussion of
results,  causes and trends should not be construed to imply any conclusion that
such results or trends will necessarily continue in the future.

Background and Overview

On February 12, 2002, the Company entered into an agreement to sell the business
of its  Canadian  operating  subsidiary  to an unrelated  third party.  The sale
agreement  included  substantially all assets and operations of the consolidated
entity  with  the  exception  of cash,  accounts  receivable  and raw  materials
inventory.   Gross   proceeds   from  the  sale  were   approximately   $420,000
(CAN$650,000).  As the sale included  substantially all assets and operations of
the  business  as  described  in note 3, the  Company  effectively  discontinued
operations  on  February  12,  2002.  Net  proceeds  from  the sale and from the
realization of the remaining assets of the subsidiary will be distributed to the
primary  lender per the terms of the sale  agreement  and the  general  security
agreement  described  in note 9.  Management  is  uncertain  whether  sufficient
proceeds will be realized to satisfy all other obligations of the subsidiary.

As a consequence of the above agreement, management has abandoned the operations
of the subsidiary company  (Pultronex  Corporation of Alberta) and has finalized
an orderly wind-up of the affairs of the subsidiary.

The parent company (1-900  Jackpot,  Inc.  (formerly  Pultronex  Corporation) of
Nevada) has become totally inactive, as a consequence of this agreement.

All subsequent filings of the company (1-900 Jackpot,  Inc. (formerly  Pultronex
Corporation) of Nevada) will reflect the fact the subsidiary  company (Pultronex
Corporation  of Alberta) has been  abandoned  and the  financial  results of the
subsidiary shall be longer be consolidated into the financial  statements of the
reporting  entity (1-900  Jackpot,  Inc.  (formerly  Pultronex  Corporation)  of
Nevada).

PLAN OF OPERATION

The parent company (1-900  Jackpot,  Inc.  (formerly  Pultronex  Corporation) of
Nevada) has become totally inactive, as a consequence of this agreement.

As of the  date  of  this  filing,  the  company's  management  has no  plan  to
re-activate the company.


<PAGE>




RESULTS OF OPERATIONS

YEAR ENDED AUGUST 31, 2001 VS. AUGUST 31, 2000

LIQUIDITY AND CAPITAL RESOURCES

The  subsidiary  Company  has  incurred  additional  deficits  in cash flow from
operating  activities  and has determine that it would be impossible to continue
operations without additional cash injections from the parent company and/or the
shareholders.  After  discussions with several  shareholders and other financing
sources,  it  was  determined  that  such  additional  resources  would  not  be
available,  as a  consequence  the company has  discontinued  operations  of the
subsidiary  and sold  the  assets  in an  attempt  to  settle  the  debts of the
subsidiary.

CRITICAL ACCOUNTING ESTIMATES

The  preparation  of our  financial  statements in  conformity  with  accounting
principles  generally  accepted  in the United  States of America  requires  our
management to make certain  estimates and  assumptions  that affect the reported
amounts  of assets and  liabilities  and  disclosure  of  contingent  assets and
liabilities at the date of the financial  statements and the reported amounts of
revenues and expenses during the reporting  period.  As such, in accordance with
the use of  accounting  principles  generally  accepted in the United  States of
America,  our actual  realized  results  may differ  from  management's  initial
estimates  as  reported.  A summary of our  significant  accounting  policies is
detailed  in the  notes  to the  financial  statements,  which  are an  integral
component of this filing.

FORWARD LOOKING STATEMENTS

This report contains certain  forward-looking  statements  within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all
forward-looking  statements  involve risks and  uncertainty,  including  without
limitation,  the ability of us develop our  technology  and execute our business
plan.  Although  we  believe  the  assumptions  underlying  the  forward-looking
statements  contained  herein are reasonable,  any of the  assumptions  could be
inaccurate,  and therefore,  there can be no assurance that the  forward-looking
statements contained in the report will prove to be accurate.

OFF BALANCE SHEET ARRANGEMENTS

The Company's  liquidity has not dependent upon off balance sheet  transactions.
For the year  ended  August  31,  2001,  the  Company  did not engage in any off
balance sheet transactions.


<PAGE>

ITEM 7.  FINANCIAL STATEMENTS





                      PULTRONEX CORPORATION AND SUBSIDIARY

                        CONSOLIDATED FINANCIAL STATEMENTS

                  FOR THE YEARS ENDED AUGUST 31, 2001 AND 2000

                                TABLE OF CONTENTS
                                                                        PAGE (S)

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                        8

                                                                               9
CONSOLIDATED BALANCE SHEETS

                                                                              10
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

                                                                              11
CONSOLIDATED STATEMENTS OF OPERATIONS

                                                                              12
CONSOLIDATED STATEM1ENTS OF CASH FLOWS

                                                                           13-25
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS






















<PAGE>




                                                     PRICEWATERHOUSECOOPERS LLP
                                                     CHARTERED ACCOUNTANTS
                                                     Suite 1501, TD Tower
                                                     10088-102 Avenue
                                                     Edmonton, Alberta
                                                     Canada  T5J 3N5
                                                     Telephone +1 (780) 441 6700
                                                     Facsimile +1(780) 4416776



October 2,2001
(except note 2, which is as of February 12, 2002)



INDEPENDENT AUDITORS' REPORT

TO THE SHAREHOLDERS OF
PULTRONEX CORPORATION


We have audited the consolidated  balance sheets OF PULTRONEX  CORPORATION as at
August  31,2001  and  2000  and  the  consolidated   statements  of  operations,
shareholders' equity and cash flows for the years ended August 31, 2001 and 2000
and the eight-month period ended August 31, 1999. These financial statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audits.

We conducted our audits in  accordance  with United  States  generally  accepted
auditing standards. Those standards require that we plan and perform an audit to
obtain  reasonable  assurance  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.

In our opinion,  these consolidated  financial statements present fairly, in all
material  respects,  the financial position of the Company as at August 31, 2001
and 2000 and the  results  of its  operations  and its cash  flows for the years
ended August 31,2001 and 2000 and the  eight-month  period ended August 31, 1999
in accordance with United States generally accepted accounting principles.

The accompanying  consolidated  financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in notes 1 and 2
to  the  consolidated  financial  statements,  the  Company  has  suffered  from
recurring operating losses and, subsequent to August 31,2001, ceased operations.
There is  significant  doubt  about the  ability of the Company to continue as a
going concern.  Management's plans in regard to these matters are also described
in note 1. These financial  statements do not include any adjustments that might
result from the outcome of this uncertainty.



/s/ PRICEWATERHOUSECOOPERS LLP

CHARTERED ACCOUNTANTS

Edmonton, Alberta
Canada







Pricewaterhousecoopers refers to the Canadian firm of Pricewaterhousecoopers LLP
and the other member firms of Pricewaterhousecoopers International Limited, each
of which is a separate and independent legal entity.


<PAGE>

<TABLE>
<CAPTION>

PULTRONEX CORPORATION
Consolidated Balance Sheets
AS AT AUGUST 31,2001 AND 2000
--------------------------------------------------------------------------------------------------------------------------

(expressed in U.S. dollars)

Discontinued operations (note 2)                                                            AUGUST 31,         AUGUST 31,
                                                                                                  2001               2000
                                                                                                     $                  $
<S>                                                                                       <C>              <C>
Assets

CURRENT ASSETS
Accounts receivable - net of allowance of $35,600; 2000 - $63,200                              351,353          1,096,676
Prepaid expenses and deposits                                                                  169,027            162,629
Income taxes recoverable                                                                           327              4,622
Inventory (note 6)                                                                           2,112,726          2,057,014
Deferred tax asset (note 10)                                                                         -            158,005
                                                                                          --------------------------------

                                                                                             2,633,433          3,478,946
DEFERRED TAX ASSET (NOTE 10)                                                                         -             56,241
CAPITAL ASSETS (note 7)                                                                        623,008            603,247
                                                                                          --------------------------------

                                                                                             3,256,441          4,138,434
                                                                                          --------------------------------

LIABILITIES

CURRENT LIABILITIES
Bank indebtedness (note9)                                                                      711,997            874,309
Trade accounts payable                                                                         552,497            676,322
Other payables and accrued liabilities                                                         130,417             35,825
Current portion of obligations under capital leases (note 8)                                     6,664              7,805
Current portion of long-term debt (note 9)                                                      89,954             47,561
                                                                                          --------------------------------

                                                                                             1,491,529          1,641,822
OBLIGATIONS UNDER CAPITAL LEASES (note 8)                                                            -              6,415
LONG-TERM DEBT (note 9)                                                                        447,763            102,982
OTHER LONG-TERM OBLIGATIONS                                                                     32,353             33,963
DEFERRED TAX LIABILITY (note 10)                                                                     -             65,698
                                                                                          --------------------------------

                                                                                             1,971,645          1,850,880
                                                                                          --------------------------------
COMMITMENT (note 12)

SHAREHOLDERS' EQUITY

PREFERRED STOCK - $.001 par value,  1,000,000 shares  authorized  COMMON STOCK -
CAN$.001 par value, 200,000,000 shares authorized;
       4,248,115 issued and outstanding (2000 - 4,130,755)                                       4,248              4,131
ADDITIONAL PAID IN CAPITAL                                                                   2,912,059          2,510,366
DEFICIT                                                                                     (1,556,281)          (252,265)
ACCUMULATED OTHER COMPREHENSIVE (EXPENSE) INCOME                                               (75,230)            25,322
                                                                                          --------------------------------

                                                                                             1,284,796          2,287,554
                                                                                          --------------------------------

                                                                                             3,256,441          4,138,434
                                                                                          --------------------------------
</TABLE>

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



<PAGE>


<TABLE>
<CAPTION>
PULTRONEX CORPORATION
Consolidated Statements of Shareholders' Equity
FOR THE PERIODS ENDED AUGUST 31, 2001, 2000 AND 1999
-------------------------------------------------------------------------------------------------------------------------------

(expressed in U.S. dollars)

Discontinued operations (note 2)
                                                                                                       ACCUMU-
                                                                                                       LATED OTHER
                                                                                                         COMPREHEN
                                                                       ADDITIONAL     RETAINED           -SIVE
                                           NUMBER OF     COMMON        PAID-IN        EARNINGS          INCOME
                                           SHARES         STOCK        CAPITAL        (DEFICIT)          (LOSS)          TOTAL
                                                #             $              $               $               $               $

<S>                                 <C>               <C>          <C>              <C>            <C>             <C>
BALANCE - DECEMBER 31, 1998             1,195,454         1,195        757,563          20,597         (19,966)        759,389
                                                                                                                   ------------

Comprehensive income
         Net earnings for the period            -             -              -          59,965               -          59,965
         Foreign currency translation           -             -              -               -          20,043          20,043
                                                                                                                   ------------

       Comprehensive income                                                                                             80,008
                                                                                                                   ------------

Issuance of common shares               1,511,560         1,512        599,299               -               -         600,811
Issuance of common shares on
    conversion of advances from
    shareholders                          106,421           106        107,934               -               -         108,040
                                     ------------------------------------------------------------------------------------------
                                                                                                                             -
BALANCE - AUGUST 31, 1999               2,813,435         2,813      1,464,796          80,562              77       1,548,248

Comprehensive loss
         Net loss for the period                -             -              -        (332,827)              -        (332,827)
         Foreign currency translation           -             -              -               -          25,245          25,245
                                                                                                                   ------------

       Comprehensive loss                                                                                             (307,582)
                                                                                                                   ------------

Issuance of common shares               1,018,700         1,019      1,034,348               -               -       1,035,367
Share compensation                        298,620           299        298,321               -               -         298,620
Share issue costs                               -             -       (287,099)              -               -        (287,099)
                                     ------------------------------------------------------------------------------------------

BALANCE - AUGUST 31, 2000               4,130,755         4,131      2,510,366        (252,265)         25,322       2,287,554

Comprehensive loss
         Net loss for the period                -             -              -      (1,304,016)              -      (1,304,016)
         Foreign currency translation           -             -              -               -        (100,552)       (100,552)
                                                                                                                   ------------

       Comprehensive loss                                                                                           (1,404,568)

Issuance of common shares                 117,360           117        401,693               -               -         401,810
                                     ------------------------------------------------------------------------------------------

BALANCE - AUGUST 31, 2001               4,248,115         4,248      2,912,059      (1,556,281)        (75,230)      1,284,796
                                     ------------------------------------------------------------------------------------------
</TABLE>


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



<PAGE>

<TABLE>
<CAPTION>

PULTRONEX CORPORATION
Consolidated Statements of Operations
FOR THE PERIODS ENDED AUGUST 31, 2001, 2000 AND 1999
---------------------------------------------------------------------------------------------------------------------------

(expressed in U.S. dollars)

Discontinued operations (note 2)
                                                                                                               EIGHT-MONTH
                                                                       YEAR ENDED          YEAR ENDED         PERIOD ENDED
                                                                       AUGUST 31,          AUGUST 31,           AUGUST 31,
                                                                             2001                2000                 1999
                                                                                $                   $                    $

<S>                                                               <C>                 <C>                  <C>
REVENUE                                                                 2,620,339           2,810,122            1,448,974

COST OF GOODS SOLD - exclusive of depreciation
            shown separately below                                      2,160,343           1,771,726              745,077
                                                                  ---------------------------------------------------------

GROSS MARGIN                                                              459,996           1,038,396              703,897
                                                                  ---------------------------------------------------------

OPERATING EXPENSES
Selling, general and administration                                     1,359,048           1,339,405              525,648
Interest                                                                   83,818              79,038               40,806
Depreciation                                                               82,974              68,944               42,189
Provision for doubtful accounts                                           117,457              54,378               21,410
                                                                  ---------------------------------------------------------

                                                                        1,643,297           1,541,765              630,053
                                                                  ---------------------------------------------------------

                                                                       (1,183,301)           (503,369)              73,844
OTHER INCOME                                                               22,572               7,942                    -
                                                                  ---------------------------------------------------------

(LOSS) EARNINGS BEFORE INCOME TAXES                                    (1,160,729)           (495,427)              73,844
                                                                  ---------------------------------------------------------

INCOME TAXES (RECOVERY)
Current                                                                         -                   -                3,702
Deferred                                                                  143,287            (162,600)              10,177
                                                                  ---------------------------------------------------------

                                                                          143,287            (162,600)              13,879
                                                                  ---------------------------------------------------------

NET (LOSS) EARNINGS FOR THE PERIOD                                     (1,304,016)           (332,827)              59,965
                                                                  ---------------------------------------------------------

BASIC AND DILUTED (LOSS) EARNINGS PER SHARE                                    (0)                 (0)                   0
                                                                  ---------------------------------------------------------

AVERAGE SHARES OUTSTANDING                                              4,184,809           3,720,785            2,189,700
                                                                  ---------------------------------------------------------
</TABLE>


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



<PAGE>

<TABLE>
<CAPTION>

PULTRONEX CORPORATION
Consolidated Statements of Cash Flows
FOR THE PERIODS ENDED AUGUST 31, 2001, 2000 AND 1999
---------------------------------------------------------------------------------------------------------------------------

(expressed in U.S. dollars)

Discontinued operations (note 2)
                                                                                                               EIGHT-MONTH
                                                                       YEAR ENDED          YEAR ENDED         PERIOD ENDED
                                                                       AUGUST 31,          AUGUST 31,           AUGUST 31,
                                                                             2001                2000                 1999
                                                                                $                   $                    $

CASH PROVIDED BY (USED IN)

OPERATING ACTIVITIES
<S>                                                               <C>                   <C>                    <C>
Net (loss) earnings for the period                                     (1,304,016)           (332,827)              59,965
Items not affecting cash
            Depreciation                                                   82,974              68,944               42,189
            Share compensation                                            180,750              99,620                    -
            Deferred income taxes                                         143,287            (162,600)              10,177
            Other                                                               -              (4,757)               4,626
                                                                  ---------------------------------------------------------

                                                                         (897,005)           (331,620)             116,957

Net change in non-cash working capital items (note 13)                    589,204            (829,473)            (416,233)
                                                                  ---------------------------------------------------------

                                                                         (307,801)         (1,161,093)            (299,276)
                                                                  ---------------------------------------------------------
FINANCING ACTIVITIES
Proceeds from bank indebtedness                                          (162,312)            369,129              290,544
Issuance of common shares                                                 221,059             947,268              595,372
Proceeds from issuance of debentures                                      240,000                   -                    -
Repayment of note payable                                                       -                   -             (495,655)
Proceeds from long-term debt                                              158,998                   -                    -
Repayment of long-term debt                                               (11,824)            (44,436)             (30,850)
Other long-term obligations                                                     -              33,982                    -
Repayment of obligations under capital leases                              (7,556)             (6,691)              (1,768)
                                                                  ---------------------------------------------------------

                                                                          438,365           1,299,252              357,643
                                                                  ---------------------------------------------------------
INVESTING ACTIVITIES
Purchase of capital assets                                               (130,564)           (138,159)             (58,367)
                                                                  ---------------------------------------------------------

CHANGE IN CASH AND CASH AT END OF PERIOD                                        -                   -                    -
                                                                  ---------------------------------------------------------
</TABLE>


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



<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31,2001,2000 AND 1999
--------------------------------------------------------------------------------

 (expressed in U.S. dollars)

1     GOING CONCERN

      These  consolidated  financial  statements have been prepared using United
      States generally accepted  accounting  principles that are applicable to a
      going  concern.   However,   the  going  concern  assumption  may  not  be
      appropriate since the Company has been unable to generate  sufficient cash
      flow from operations. The Company's ability to continue as a going concern
      is  dependent  on the  continued  support  of its  primary  lender so that
      working capital and other cash requirements will be met until such time as
      the Company is able to obtain  alternative  financing or generate positive
      cash  flow  from  operations.   Management  of  the  Company  is  pursuing
      alternative  sources of financing  and believes  that those  combined with
      improved operating results will provide sufficient funds.

      These  financial  statements  do not reflect  adjustments  in the carrying
      values of the assets and liabilities,  reported  revenues and expenses and
      balance sheet classifications that would be necessary if the going concern
      assumption were not appropriate.

2     SUBSEQUENT EVENT AND DISCONTINUED OPERATIONS

      On February  12, 2002,  the Company  entered into an agreement to sell the
      business of its Canadian operating subsidiary to an unrelated third party.
      The sale agreement included substantially all assets and operations of the
      consolidated  entity with the exception of cash,  accounts  receivable and
      raw materials  inventory.  Gross proceeds from the sale were approximately
      $420,000 (CAN$650,000).  As the sale included substantially all assets and
      operations of the business as described in note 3, the Company effectively
      discontinued  operations on February 12, 2002.  Net proceeds from the sale
      and from the realization of the remaining assets of the subsidiary will be
      distributed  to the primary lender per the terms of the sale agreement and
      the  general  security  agreement  described  in  note  9.  Management  is
      uncertain  whether  sufficient  proceeds  will be  realized to satisfy all
      other obligations of the subsidiary.

      The foregoing results in significant  measurement uncertainty with respect
      to the amounts  recorded  for assets and  liabilities  at August 31, 2001.
      Amounts  ultimately  realized  on the sale of assets and  satisfaction  of
      liabilities could vary  significantly  from amounts recorded at August 31,
      2001.

3     Business and basis of presentation

      Pultronex  Corporation (the "Company") was incorporated in Nevada,  August
      20, 1999. On August 20, 1999 the  shareholders of the Company entered into
      an agreement to transfer all of their shares in Pultronex  Corporation  of
      Alberta  to  Pultronex  Corporation  of Nevada in  exchange  for shares of
      Pultronex  Corporation of Nevada. As a result of that exchange,  Pultronex
      Corporation  of Alberta  became a wholly  owned  subsidiary  of  Pultronex
      Corporation of Nevada. For financial  statement  purposes,  the Company is
      considered  to be a  continuation  of  Pultronex  Corporation  of Alberta.
      Therefore,  the financial  statements for the period ended August 31, 1999
      include the results of operations of Pultronex Corporation of Alberta from
      the beginning of the period.



<PAGE>

PULTRONEX CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AUGUST 31,2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

      The Company is a technology  based  manufacturing  company in the advanced
      composites  industry.  The  Company's  primary  product  is  E-Z  Deck,  a
      proprietary  fibreglass  pultruded material for use in the residential and
      commercial  decking  industry.  E-Z Deck and other  products  are marketed
      through installers and resellers in the United States and Canada.


 4     ACCOUNTING POLICIES

      These financial  statements have been prepared by management in accordance
      with  accounting  principles  generally  accepted  in the  United  States.
      Because the precise  determination of many assets,  liabilities,  revenues
      and expenses are dependent on future events,  the preparation of financial
      statements  for a period  necessarily  includes the use of  estimates  and
      approximations  which  have  been made  using  careful  judgement.  Actual
      results  could differ from those  estimates.  These  financial  statements
      have, in management's  opinion,  been properly  prepared within reasonable
      limits of materiality and within the framework of the accounting  policies
      summarized below.

      a)    Revenue recognition

           Revenue from the sale of finished  goods is recognized  when title to
           the goods passes to the buyer, which is generally when the product is
           shipped.

      b)    Inventory

           Raw materials are recorded at the lower of cost and replacement cost.
           Finished  goods are recorded at the lower of cost and net  realizable
           value. Cost is determined on a first in, first out basis and finished
           goods includes direct labour and an allocation of overhead.

      c)    Warranty

          The  Company  warrants  that its E-Z Deck  products  will be free from
          manufacturing  defects for life. Warranty costs have not been material
          to date, and accordingly, no reserves have been provided for.

      d)    Capital assets

           The Company  records  capital assets at cost.  Depreciation  on these
           assets  is  provided  using  the  declining  balance  method  at  the
           following annual rates:

                Plant equipment                                     10% and  20%
                Computer hardware and software                               30%
                Furniture and fixtures                                       20%

           The  recoverability  of capital assets is assessed at least annually,
           or when  events or  changes  in  circumstances  indicate  a  possible
           impairment exists, based on estimated future cash flows.


<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

      e)    Income taxes

           Deferred tax assets and  liabilities  are recorded for the  estimated
           future tax effects of temporary  differences between the tax bases of
           assets and  liabilities  and  amounts  reported  in the  accompanying
           consolidated  balance sheets, as well as operating  losses.  Deferred
           tax  assets  may be reduced by a  valuation  allowance  when  current
           evidence  indicates that it is not likely that these benefits will be
           realized.

      f) Earnings per share

           Basic  earnings per share is based upon the weighted  average  common
           shares  outstanding  during  each year.  Diluted  earnings  per share
           equals  basic  earnings  per share as the  inclusion  of common stock
           equivalents  would  be  antidilutive.  There  were  no  common  stock
           equivalents prior to August 2000.

      g) Foreign currency translation

           The  functional  currency  of the  Company  is the  Canadian  dollar.
           Translation  of balance  sheet  amounts  to U.S.  dollars is based on
           exchange rates as of each balance sheet date.  Revenue,  expenses and
           cash flow amounts are  translated at the average  exchange  rates for
           the  period.  Translation  gains and  losses  are  included  in other
           comprehensive income in the statement of shareholders'  equity. There
           is no resulting tax from these translation gains and losses.

      h) Stock based compensation

           The Company  accounts for  stock-based  compensation  to employees in
           accordance with Accounting  Principles  Board ("APB") Opinion No. 25.
           For  options  and  warrants  granted to  employees,  no  compensation
           expense is  recognized  if the exercise  price of the  instrument  is
           equal to the fair value of the Company's  stock as at the date of the
           grant.  Stock-based  compensation to non-employees is recorded at the
           fair value of the options or warrants granted.  Compensation  expense
           related   to  the  fair   value  of   stock-based   compensation   to
           non-employees  and the value of options  issued to  employees at less
           than fair value on the grant date is amortized  over the  appropriate
           vesting period.

      i) Recently issued accounting standards

           In June 1998, SFAS No. 133,  "Accounting  for Derivative  Instruments
           and Hedging Activities", was issued, which established accounting and
           reporting   standards   for   derivative   instruments   and  hedging
           activities. In July 1999, FASB issued SFAS No. 137, which delayed the
           implementation  of SFAS No. 133 to make it  effective  for all fiscal
           years beginning after June 15, 2000. This statement  requires balance
           sheet recognition of derivatives as assets or liabilities measured at
           fair value. Accounting for gains and losses resulting from changes in
           the value of  derivatives  is dependent on the use of the  derivative
           and whether it qualifies  for hedge  accounting.  The Company has not
           completed its evaluation  but currently does not anticipate  that the
           adoption of SFAS No. 133 will have a material impact on its financial
           position or results of operations.

           In December 1999, the Securities and Exchange Commission issued Staff
           Accounting  Bulletin  No.  101  (as  amended),   related  to  revenue
           recognition.  The company has not determined the potential  impact of
           this   pronouncement  on  its  results  of  operations  or  financial
           position.


<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31,2001,2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

           In March 2000, the Financial  Accounting  Standards Board issued FASB
           Interpretation   No.  44  with  respect  to  accounting  for  certain
           transactions  involving  stock  compensation.  This  standard  became
           effective  July 1, 2000.  The adoption of this standard had no impact
           on the results of operations or financial position of the company.


5     ACQUISITION

Effective  April 1, 1998,  the Company  acquired  the assets and business of the
pultrusion  manufacturing division of ZCL Composites Inc. ("ZCL") for $2,035,831
(CAN$3,000,000).  The  acquisition has been accounted for by the purchase method
and the results of operations have been included since the date of acquisition:

                                                               $
Assets acquired
   Land and building                                     807,546
   Inventory                                             705,875
   Plant and equipment                                   515,624
   Furniture and fixtures                                  6,786
                                                  ---------------

                                                       2,035,831
                                                  ---------------

Consideration
   Cash (CAN $200,000)                                   135,658
   Promissory note (CAN $2,800,000)                    1,900,173
                                                  ---------------

                                                       2,035,831
                                                  ---------------

As collateral for the Promissory  Note, the Company  granted a General  Security
Agreement  on all  present  and after  acquired  property  of the  Company and a
mortgage on the specific land and building  acquired.  The Promissory  Note bore
interest  at  7.5%  per  annum  payable  monthly.  Principal  was  repayable  in
instalments of $135,727  (CAN$200,000) on each of May 15,1998 and June 30, 1998;
$610,770  (CAN$900,000)  September 30, 1998; and $1,017,949  (CAN$ 1,500,000) by
monthly instalments of $169,658  (CAN$250,000) on the last day of each month for
the months of October  1998 to March  1999.  The holder of the  Promissory  Note
agreed  to  discharge  the  mortgage  upon  receipt  of  the  first   $1,051,881
(CAN$1,550,000)  of principal and the remainder of their security  interest upon
receipt of a further $508,975  (CAN$750,000)  of principal.  On October 1, 1998,
the land and building  were sold to an unrelated  party as described in note 10.
Proceeds from the sale were applied to the  Promissory  Note. By March 31, 1999,
the  Promissory  Note was fully repaid and all  security  interest in the assets
acquired from ZCL, including the mortgage and the GSA were fully discharged.

Pursuant to the  agreement  with ZCL,  the Company was  assigned  all rights and
obligations  under  certain  contracts  with  distributors.   These  obligations
included a commitment to repurchase  material returned by distributors to ZCL at
a cost to the Company of 50% of the credit  issued by ZCL. No amount was accrued
at the  acquisition  as no amount was  determinable.  The  Company  subsequently
purchased  inventory  under this  arrangement  for  approximately  $33,000.  The
company  assumed  no  other   significant   obligations   with  respect  to  the
acquisition.



<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31,2001,2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

6     INVENTORY

                                                      AUGUST 31,      AUGUST 31,
                                                           2001             2000
                                                              $                $

Raw materials                                          357,823           289,616
Finished goods                                       1,754,903         1,767,398
                                                     ---------         ---------
                                                     2,112,726         2,057,014


7     CAPITAL ASSETS

                                                                      AUGUST 31,
                                                                            2001
                          ------------------------------------------------------
                                Cost             Accumulated                 Net
                                                depreciation
                                   $                       $                   $

Plant equipment               14,218                   5,618               8,600
Computer equipment            61,140                  27,230              33,910
Furniture and fixtures       774,317                 193,819             580,498
                          ------------------------------------------------------
                             849,675                 226,667             623,008
                          ------------------------------------------------------

                                                                      AUGUST 31,
                                                                            2000
                          ------------------------------------------------------
                                Cost             Accumulated                 Net
                                   $            depreciation                   $
                                                           $

Plant equipment              679,993                 135,076             544,917
Computer equipment            61,521                  14,484              47,037
Furniture and fixtures        14,908                   3,615              11,293
                          ------------------------------------------------------
                             756,422                 153,175             603,247
                          ------------------------------------------------------

      The above amounts include $21,970 (2000 - $14,155) of assets under capital
      leases and related  accumulated  depreciation  of $12,295 (2000 - $5,622).
      The above amounts also include plant  equipment  with a net carrying value
      of $nil (2000 - $59,700) that was not being  depreciated  as the equipment
      was under construction and not available for use at year-end. Depreciation
      of  $66,445  (2000 -  $63,098)  was  allocated  to cost of goods  sold and
      inventory during the year.


<PAGE>


PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

8     OBLIGATIONS UNDER CAPITAL LEASES

      Obligations  under  capital  leases are  comprised of two leases which are
      repayable in blended monthly payments of $610,  interest at 5.80% maturing
      June 23, 2002 and  blended  monthly  payments  of $107,  interest at 5.17%
      maturing June 1, 2002.  The future  minimum lease  payments  under capital
      leases are:

                                                               $

2002                                                       6,997
Less: Amounts representing interest                          333
                                                 ----------------

Balance of obligation                                      6,664
Less: Current portion                                      6,664
                                                 ----------------

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

       Specific  leased  equipment  with a net book  value of $6,826  has been
       pledged as collateral for obligations under capital leases.

9     LONG-TERM DEBT AND BANK INDEBTEDNESS

<TABLE>
<CAPTION>
                                                                                        AUGUST 31,                AUGUST 31,
                                                                                              2001                      2000
                                                                                                 $                         $
<S>                                                                                 <C>                       <C>
Canadian dollar bank loan repayable in monthly  payments of $3,963
     (CAN$5,750), plus interest at prime plus 1.00% (6.75% at
      August 31, 2001; 8.50% at August 31, 2000)                                           199,617                   150,543

Canadian dollar bank loan repayable in monthly  payments of $3,776
     (CAN$5,835),  plus interest at prime plus 0.75% (6.50% at
      August 31, 2001)                                                                      98,100                         -

Convertible debentures                                                                     240,000                         -
                                                                                    -----------------------------------------

                                                                                           537,717                   150,543

Less: Current portion                                                                       89,954                    47,561
                                                                                    -----------------------------------------

                                                                                           447,763                   102,982
                                                                                    -----------------------------------------
</TABLE>


<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

      Principal payments required in each of the next five years are as follows:

                                                       $

                 2002                             89,954
                 2003                            327,294
                 2004                             52,133
                 2005                             44,647
                 2006                             23,689
                                                  ------

                                                 537,717

      Bank indebtedness  bears interest at prime plus 0.75% (6.50% at August 31,
      2001;  8.25% at August  31,  2000)  payable  monthly.  The  Company  has a
      $1,294,113 (2000 - $1,042,981) operating line of credit based on qualified
      accounts  receivable  and inventory of which $543,856 (2000 - $168,672) is
      available at August 31, 2001. The amount  outstanding  under the operating
      line of credit is repayable on demand.

      A general security  agreement creating a first charge over all present and
      after  acquired  assets of the Company,  limited  guarantees  from certain
      shareholders and an assignment of insurance  proceeds have been pledged as
      collateral for the bank  indebtedness  and long-term  debt. The Company is
      subject to certain  restrictive  warrants under its loan  agreements  with
      respect to maintaining  specified working capital ratios, net worth ratios
      and limiting capital expenditures and payments to shareholders.

      In July 2001,  the Company  received  $240,000  from the issue of Two Year
      Convertible Debentures. The debentures bear interest at 10% per annum paid
      semi-annually  and are  convertible  into  common  stock of the Company at
      $0.75 per  share  from the date of the  debenture  until one year from the
      date of the debenture  and at $0.90 from one year of the  debenture  until
      the maturity  date of the  debenture.  No  conversions  occurred  prior to
      August  31,  2001.  In the  event  of a  default  under  the  terms of the
      debenture  agreement,  interest  occurs at 20% per annum on the  principal
      amount of the debentures from the date of default.

      10   INCOME TAXES

      The domestic (United States) and foreign (Canada) components of earnings
     (loss) before taxes were as follows:

                          AUGUST 31,         AUGUST 31,        AUGUST 31,
                                2001               2000              1999
                                   $                  $                 $

      Domestic                     -            (9,631)                 -
      Foreign            (1,160,729)          (485,796)            73,844
                         -----------          ---------            ------

                         (1,160,729)          (495,427)            73,844


<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

 (expressed in U.S. dollars)

      The components of the provision for income taxes consist of:

<TABLE>
<CAPTION>
                                                     AUGUST 31,                AUGUST 31,                AUGUST 31,
                                                          2,001                     2,000                     1,999
                                                              $                         $                         $
<S>                                             <C>                       <C>                       <C>
          Current
                      Domestic                                -                         -                         -
                      Foreign                                 -                         -                     3,702
                                                --------------------------------------------------------------------

                                                              -                         -                     3,702
                                                --------------------------------------------------------------------

          Deferred
                      Domestic                                -                    (3,719)                        -
                      Foreign                           143,287                  (158,881)                   10,177
                                                --------------------------------------------------------------------

                                                        143,287                  (162,600)                   10,177
                                                --------------------------------------------------------------------
</TABLE>

Significant component of deferred tax assets and liabilties are as follows:

<TABLE>
<CAPTION>
                                                    AUGUST 31,                AUGUST 31,                AUGUST 31,
                                                         2,001                     2,000                     1,999
                                                             $                         $                         $
<S>                                             <C>                       <C>                       <C>
          Deferred tax assets
                      Loss carry forwards              577,500                   214,246                         -
                      Valuation allowance             (507,500)                        -                         -
                                               --------------------------------------------------------------------

                                                        70,000                   214,246                         -

          Deferred tax liabilties
                      Capital assets                   (70,000)                  (65,698)                  (13,772)
                                               --------------------------------------------------------------------

          Net deferred tax asset (liability)                 -                   148,548                   (13,772)
                                               --------------------------------------------------------------------
</TABLE>


<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

      The  provision  for  income  taxes  differs  from the amount  computed  by
      applying  the federal  and  provincial  statutory  income tax rates to the
      company's  earnings (loss) for the periods ended August 31, 2001, 2000 and
      1999 as follows:

<TABLE>
<CAPTION>
                                                                          2001                   2000                    1999
                                                                             $                      $                       $

<S>                                                                   <C>                    <C>                       <C>
           Income taxes (recoveries) at statutory rates               (499,100)              (220,482)                 32,949
           Increase (decrease) related to
                 manufacturing and small business tax
                 rates                                                  66,387                 29,148                  (19,070)
           Tax benefit of losses not recognized                       572,000
           Increase related to expenses not deductible
                 for tax purposes                                        4,000                 3,593
           Increased rates due to change in tax status                                         25,141                        -
-------------------------------------------------------------------------------------------------------------------------------

                                                                       143,287               (162,600)                  13,879
</TABLE>

      The Company and its Canadian subsidiary have non-capital losses subject to
      confirmation  by tax authorities of  approximately  $1,500,000 that can be
      used to reduce future taxable income. These losses expire as follows:

                                                                               $

      2007                                                               550,000
      2008                                                               950,000


 11   SHARE CAPITAL

      On August 23, 1999, the Company issued an offering memorandum for the sale
      of up to 1,000,000 units, each consisting of one share of common stock and
      one Common Stock Purchase Warrant  ("Warrant").  Each Warrant entitles the
      holder to acquire an additional  share of common stock for $2.00 per share
      at any  time up to 5:00  p.m.  on the  last  day of the  eighteenth  month
      following the first month in which the shares are listed for trading.  The
      Warrants may be called by the Company  upon thirty days written  notice to
      the holders at $0.05 per Warrant  provided  that the closing bid price for
      the Company's  common stock as reported by its trading market has been not
      less than $4.00 per share for twenty  consecutive  trading days. The offer
      closed  October  31,  1999.  Gross  proceeds  received  from the  offering
      totalled  $990,700  from the issue of 990,700  shares of common  stock and
      990,700 Warrants. In addition, the Company issued 28,000 common shares for
      proceeds of $44,667 during 2000.

      During the period  ended August 31, 1999,  1,511,560  (December  31, 1998-
      1,390,908) Class A common shares were issued for cash proceeds of $600,811
      (December  31, 1998 - $870,212).  During the period ended August 31, 1999,
      advances from shareholders of $108,040 were converted into 106,421 Class A
      common shares at a conversion  rate of $0.985 per common share.  This rate
      was  established by the Board of Directors  based on the price paid to buy
      out a shareholder in September 1998.



<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

       On December  15,  1999,  the Company  issued  28,620  common  shares in
       exchange for services of employees  and to satisfy  obligations  of the
       October 31, 1999 offering. The Company recorded the issue of the shares
       at an estimated fair value of $1 per common share with a  corresponding
       entry to compensation  and other expenses of $99,620 and to share issue
       costs of $199,000.  The following table summarizes information relating
       to currently outstanding and exercisable options as of August 3 1,2001.

       During the year ended  August 31,  2001,  the  Company  issued  117,360
       common shares for net proceeds of $221,059.

       Stock option plan

       The Company had adopted a stock option plan.  The amended plan reserved
       2,500,000  shares for grant or  issuance  upon the  exercise of options
       granted  under the plan.  Stock options will be granted by the Board of
       Directors or a  compensation  committee of the Board of Directors.  The
       exercise price for options granted will be the fair market value of the
       common stock at the time of the grant if a public  market  develops for
       the stock or not less than the most  recent  price at which the Company
       had sold its common stock.

       During the year ended August 31, 2001,  the Company  issued  options to
       acquire 263,500 common shares to  non-employees  for various  services.
       The  compensation  expense  recorded to these  services was measured at
       $224,500.

       The following  Schedule details the stock options  granted,  exercised,
       expired and cancelled.

                                              SHARES
                                         ISSUABLE ON
                                         EXERCISE OF          EXERCISE PRICE
                                       STOCK OPTIONS            PER SHARE
                                                   #                    $

Balance - August 31, 2000                          -                    -

Granted                                    2,099,580          0.67 - 3.00

Exercised                                    (87,360)         0.67 - 2.00

Cancelled                                    (12,500)                   2

Expired                                      (21,960)         1.00 - 3.00
                                    --------------------------------------

Balance - August 31, 2001                  1,977,760          0.67 - 3.00
                                    --------------------------------------


<PAGE>

PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

       The following table  summarizes  information  relating to the currently
       outstanding and exercisable options as of August 31, 2001

                                                            OUTSTANDING
                            -------------------------------------------

                                                               Weighted
                                                                average
          Exercise                 Number of                contractual
             price                    shares                       life
                 $                         #                    (years)

              1.00                 1,822,010                       2.5
              2.00                    47,000                      1.25
              3.00                   108,750                       2.5
                            -----------------

                                    1,977,760
                            -----------------


      SB-2 REGISTRATION

      On February 22, 2000, the Company filed a Form SB-2 Registration Statement
      registering 1,800,400 shares of common stock. This registration  statement
      became effective in 2001.


12   COMMITMENT

      During the period  ended  December  31,  1998,  the  Company  disposed  of
      previously  acquired land and building under a sale leaseback  arrangement
      with an unrelated  party.  The assets were disposed of for net proceeds of
      $808,683,  which approximated the net book value of the assets at the time
      of the sale. Proceeds from the sale were used to repay the Promissory Note
      as described in note 3.

      Pursuant to the terms of the leaseback agreement, the Company is committed
      to lease the  premises  on a  triple-net  basis for a period  often  years
      commencing  October 1, 1998 and expiring  September 30, 2008.  Any renewal
      after that time is to be on a month to month basis. In accordance with FAS
      113, the lease has been recorded as an operating lease.

      Future minimum lease payments  required in each of the next five years and
to the end of the lease term are as follows:

                                                                             $

           2002                                                          7,463
           2003                                                         87,698
           2004                                                         93,522
           2005                                                         93,522
           2006                                                         93,522
           Thereafter to September 30, 2008                            170,314
                                                                       -------

                                                                       546,041

<PAGE>


PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31, 2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)


13     STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
                                        AUGUST 31,                AUGUST 31,               AUGUST 31,
                                              2001                      2000                     1999
                                                 $                         $                        $

<S>                                        <C>                      <C>                      <C>
Accounts receivable                        754,488                  (448,322)                (232,434)
Prepaid expenses and deposits              (13,500)                  (49,531)                 (13,632)
Inventory                                 (146,629)                 (472,524)                (459,501)
Trade accounts payable                      (9,498)                  141,816                  266,749
Other accounts payable and accruals              -                     7,512                   32,961
Income taxes payable                         4,343                    (8,424)                 (10,376)
                                      ----------------------------------------------------------------

                                           589,204                  (829,473)                (416,233)
                                      ----------------------------------------------------------------

Interest paid                               88,329                    60,500                   41,100
                                      ----------------------------------------------------------------

Income taxes paid                                -                     8,600                   14,100
                                      ----------------------------------------------------------------
</TABLE>

14     Geographic information

       The Company's assets are located in Nisku, Alberta, Canada. The Company
       earns  substantially  all of its  revenue  from the  sale of  pultruded
       fiberglass  products for use in the residential and commercial  decking
       industry  in North  America  and  accordingly  has only one  reportable
       segment.  Sales to external  customers in the United  States and Canada
       accounted for  approximately  75% and 25% respectively  (2000 - 76% and
       24%;  1999 - 70% and 30%) of the  Company's  total sales for the period
       ended August 31, 2001.

       The Company was dependent  upon one customer for 10% of external  sales
       in the year ended August 31, 2001 (2000-8%; 1999-16%).

15     Financial instruments

       Financial   instruments  that   potentially   subject  the  company  to
       significant  concentration of credit risk consist primarily of accounts
       receivable. Accounts receivable are typically unsecured and the company
       is exposed to credit  risk to the  extent of  non-performance  by third
       parties in the payment of these amounts.

       Pursuant  to  an  agreement  with  the  Canadian   Export   Development
       Corporation,  the Company  insures its accounts  receivable from United
       States  Customers.  Under  the  terms  and  conditions  of the  policy,
       approved accounts  receivable are insured for up to 90% of their value.
       The company must submit monthly reports and comply with certain limits.

       The Company had 21$ and 19% of its receivables  with one customer as at
       August 31, 2001 and 2000, respectively.

<PAGE>


PULTRONEX CORPORATION
Notes to Consolidated Financial Statements
AUGUST 31,  2001, 2000 AND 1999
--------------------------------------------------------------------------------

(expressed in U.S. dollars)

      The Company has estimated  fair value of its financial  instruments  which
      include accounts receivable,  bank indebtedness,  note payable, income tax
      payable,  accounts  payable and  accrued  liabilities,  obligations  under
      capital leases, long-term debt and advances from shareholders. The Company
      has used valuation  methodologies and market  information  available as of
      year-end  and has  determined  that for such  financial  instruments,  the
      carrying amounts approximate fair value in all cases.


 16   COMPARATIVE FIGURES

      Certain prior period's  comparative  figures have been  reclassified to
      conform with the current period's presentation.








                                   * * * * * *




<PAGE>


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



EXECUTIVE OFFICERS AND DIRECTORS

            The members of the Board of Directors of the Company serve until the
next  annual  meeting  of  stockholders,  or until  their  successors  have been
elected. The officers serve at the pleasure of the Board of Directors.

            The  following  table  sets  forth  the  name and  position  of each
executive officer and director of the Company:

DIRECTOR'S   NAME         AGE            OFFICE                 TERM EXPIRES
--------------------------------------------------------------------------------

Brian Fisher               56        Chairman/Director       next annual meeting




EXECUTIVE OFFICER'S   NAMES       AGE                    OFFICE
--------------------------------------------------------------------------------

Brian Fisher                       56                     CEO/ President
Joseph Batty                       64                     CFO


CONFLICTS OF INTEREST

            Certain  conflicts  of  interest  existed at August 31, 2001 and may
continue to exist  between the Company and its officers and directors due to the
fact that each has other  business  interests to which they devote their primary
attention.  Each officer and director may continue to do so notwithstanding  the
fact that management time should be devoted to the business of the Company.

            Certain  conflicts of interest may exist between the Company and its
management,  and  conflicts  may  develop in the  future.  The  Company  has not
established  policies or procedures  for the  resolution of current or potential
conflicts of  interests  between the  Company,  its  officers  and  directors or
affiliated entities.  There can be no assurance that management will resolve all
conflicts  of interest in favor of the  Company,  and failure by  management  to
conduct the  Company's  business in the  Company's  best  interest may result in
liability to the  management.  The officers and directors are accountable to the
Company as fiduciaries, which mean that they are required to exercise good faith
and integrity in handling the Company's  affairs.  Shareholders who believe that
the   Company  has  been  harmed  by  failure  of  an  officer  or  director  to
appropriately  resolve any conflict of interest may,  subject to applicable rule
of  civil  procedure,  be able to bring a class  action  or  derivative  suit to
enforce their rights and the Company's rights.

BOARD MEETINGS AND COMMITTEES

            The Directors and Officers  will not receive  remuneration  from the
Company until a subsequent  offering has been  successfully  completed,  or cash
flow from  operating  permits,  all in the discretion of the Board of Directors.
Directors may be paid their  expenses,  if any, of attendance at such meeting of
the  Board of  Directors,  and may be paid a fixed  sum for  attendance  at each
meeting  of the  Board of  Directors  or a stated  salary as  Director.  No such
payment shall  preclude any Director from serving the  Corporation  in any other
capacity and receiving  compensation  therefor. No compensation has been paid to
the  Directors.  The Board of Directors may designate  from among its members an
executive  committee and one or more other  committees.  No such committees have
been appointed.


<PAGE>

COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

            Based  solely  upon a review  of  forms  3, 4, and 5 and  amendments
thereto,  furnished to the Company during or respecting its last fiscal year, no
director,  officer,  beneficial  owner of more  than 10% of any  class of equity
securities  of the Company or any other person known to be subject to Section 16
of the  Exchange  Act of 1934,  as  amended,  failed  to file on a timely  basis
reports required by Section 16(a) of the Exchange Act for the last fiscal year.


AUDIT COMMITTEE FINANCIAL EXPERT

            The Company's  board of directors does not have an "audit  committee
financial   expert,"  within  the  meaning  of  such  phrase  under   applicable
regulations  of the  Securities  and Exchange  Commission,  serving on its audit
committee.  The  board of  directors  believes  that all  members  of its  audit
committee are financially literate and experienced in business matters, and that
one or more  members of the audit  committee  are  capable of (i)  understanding
generally accepted accounting principles ("GAAP") and financial statements, (ii)
assessing the general  application  of GAAP  principles  in connection  with our
accounting for estimates,  accruals and reserves, (iii) analyzing and evaluating
our  financial   statements,   (iv)  understanding  our  internal  controls  and
procedures  for  financial  reporting;  and (v)  understanding  audit  committee
functions,  all of which are attributes of an audit committee  financial expert.
However,  the board of directors  believes that there is not any audit committee
member who has obtained these attributes through the experience specified in the
SEC's definition of "audit committee financial expert." Further, like many small
companies,  it is difficult  for the Company to attract and retain board members
who qualify as "audit  committee  financial  experts," and competition for these
individuals is significant.  The board believes that its current audit committee
is able to  fulfill  its  role  under  SEC  regulations  despite  not  having  a
designated "audit committee financial expert."

ITEM 10. EXECUTIVE COMPENSATION

         None of the  executive  officer's  salary and bonus  exceeded  $100,000
during any of the Company's last two fiscal years.


ITEM 11. SECURITY OWNERSHIP OF BENEFICIAL OWNERS AND MANAGEMENT

PRINCIPAL SHAREHOLDERS; MANAGEMENT SHARE HOLDINGS

            Beneficial  Ownership is determined in accordance  with the rules of
the  Securities  and  Exchange  Commission  and  generally  includes  voting  or
investment  power with respect to  securities.  The  following  table sets forth
Common  Stock  ownership  information  as of the Record Date with respect to (i)
each person known to us to be the beneficial owner of more than 5% of our issued
and outstanding Common Stock and Preferred Stock; (ii) each of our directors and
executive  officers;  and (iii) all of our directors and executive officers as a
group. Unless otherwise indicated, the business address of each person listed is
PULTRONEX CORPORATION, 2305 - 8th Street, Nisku, Alberta, Canada T9E 7Z3

   Name and Address of       Title of   Amount and Nature of  Percent of
   Beneficial Owner            Class      Beneficial Owner       Class
-  ---------------------------------------------------------------------
-  Greg Buchanan            Common          500,000             11.8%
-  Gordon Buchanan          Common          250,000              5.9%
-  Gordon Buchanan
        Enterprises Ltd     Common          500,000              11.8%
-  Virendra Delhon          Common          390,000               9.2%
-  Atul Mehra               Common          290,367               6.8%
-  Jarnail Sehra            Common          226,445               5.3%
-  ---------------------------------------------------------------------
All officers and directors
     as a group (1 person)  Common          2,157,082            50.8%





<PAGE>

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


None of our  directors,  executive  officers or key  employees is related to any
other of our directors, executive officers or key employees.


ADDITIONAL INFORMATION CONCERNING THE BOARD OF DIRECTORS OF THE COMPANY

During the year ended  August 31, 2001,  the Board of Directors  met 2 times and
held 1 meeting via unanimous consent in lieu of a special meeting. A majority of
the  directors  was  present at each  meeting,  all  constituting  a quorum.  In
addition to regularly scheduled meetings, a number of Directors were involved in
numerous informal  discussions with management,  offering advice and suggestions
on a broad range of corporate matters.





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

(A) EXHIBITS

         The following exhibits are included as part of this report:

Exhibit
Number   Title of Document

3.1      Articles of Incorporation (2)

3.3      Bylaws (2)

31.1     Certification  of  Principal  Executive  Officer  Pursuant  to 18 U.S.C
         Section 1350 as Adopted  Pursuant to Section 302 of the  Sarbanes-Oxley
         Act of 2002.

31.2     Certification  of  Principal  Financial  Officer  Pursuant  to 18 U.S.C
         Section 1350 as Adopted  Pursuant to Section 302 of the  Sarbanes-Oxley
         Act of 2002.

32.1     Certification  of  Principal  Executive  Officer  Pursuant  to 18 U.S.C
         Section 1350 as Adopted  Pursuant to Section 302 of the  Sarbanes-Oxley
         Act of 2002.

32.2     Certification  of  Principal  Financial  Officer  Pursuant  to 18 U.S.C
         Section 1350 as Adopted  Pursuant to Section 302 of the  Sarbanes-Oxley
         Act of 2002.


(B) REPORTS ON FORM 8-K FILED

        None







<PAGE>

ITEM 14  - CONTROLS AND PROCEDURES
--------------------------------------

         As required by Rule 13a-14 under the Exchange Act, within 90 days prior
to the filing date of this report,  the Company carried out an evaluation of the
effectiveness of the design and operation of the Company's  disclosure  controls
and  procedures.  This evaluation was carried out under the supervision and with
the  participation  of the Company's  management,  including the Company's Chief
Executive  Officer.  Based upon that  evaluation,  the Company's Chief Executive
Officer  concluded  that the Company's  controls and  procedures  are effective.
There have been no significant  changes in the Company's internal controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date the Company carried out this evaluation.

         Disclosure  controls and procedures  are controls and other  procedures
that are  designed to ensure that  information  required to be  disclosed in the
Company's  reports  filed or  submitted  under  the  Exchange  Act is  recorded,
processed,  summarized  and reported  within the time  periods  specified in the
Securities and Exchange  Commission's rules and forms.  Disclosure  controls and
procedures  include controls and procedures  designed to ensure that information
required to be  disclosed  in Company  reports  filed under the  Exchange Act is
accumulated  and  communicated  to  management,  including the  Company's  Chief
Executive   Officer  as  appropriate,   to  allow  timely  decisions   regarding
disclosures.

         The Company has confidence in its internal  controls and procedures and
has expanded its efforts to develop and improve its controls.  Nevertheless, the
Company's  management,  including the Chief Executive  Officer,  does not expect
that the Company's disclosure procedures and controls, or its internal controls,
will  necessarily  prevent all error or intentional  fraud. An internal  control
system, no matter how well conceived and operated,  can provide only reasonable,
but not absolute,  assurance that the  objectives of such internal  controls are
met.  Further,  the design of an internal  control  system must reflect the fact
that the  Company  is subject  to  resource  constraints,  and the  benefits  of
controls  must be  considered  relative to their costs.  Because of the inherent
limitations  in all internal  control  systems,  no  evaluation  of controls can
provide  absolute  assurance  that all internal  control  issues or instances of
fraud, if any, within the Company be detected.



ITEM 15. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The  following is a summary of the fees billed to us by  PricewaterhouseCoopers,
LLP for professional  services  rendered for the years ended August 31, 2001 and
2000:

Service                                                 2001                2000
--------------------------------------------------------------------------------
Audit Fees                                           $23,300             $22,660
All Other Fees                                             -                   -
--------------------------------------------------------------------------------
Total                                                $23,300             $22,660
================================================================================

AUDIT FEES - Consists of fees billed for professional  services rendered for the
audits of our financial statements,  reviews of our interim financial statements
included in quarterly  reports,  services  performed in connection  with filings
with the Securities & Exchange  Commission and related comfort letters and other
services that are normally provided by PricewaterhouseCoopers, LLP in connection
with statutory and regulatory filings or engagements.


<PAGE>

TAX FEES - Consists of fees billed for professional services for tax compliance,
tax  advice  and tax  planning.  These  services  include  assistance  regarding
federal,  state and local tax compliance  and  consultation  in connection  with
various transactions and acquisitions.




AUDIT  COMMITTEE  PRE-APPROVAL OF AUDIT AND  PERMISSIBLE  NON-AUDIT  SERVICES OF
INDEPENDENT AUDITORS

            The Audit  Committee  is to  pre-approve  all  audit  and  non-audit
services provided by the independent auditors.  These services may include audit
services,  audit related services, tax services and other services as allowed by
law or regulation. Pre-approval is generally provided for up to one year and any
pre-approval  is detailed as to the  particular  service or category of services
and is generally  subject to a specifically  approved  amount.  The  independent
auditors  and  management  are  required  to  periodically  report  to the Audit
Committee regarding the extent of services provided by the independent  auditors
in accordance  with this  pre-approval  and the fees incurred to date. The Audit
Committee may also pre-approve particular services on a case-by-case basis.







<PAGE>




                                  CERTIFICATION
                                  -------------

                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Action of 1934,  as amended,  the  registrant  has duly caused this Report to be
signed on its behalf by the undersigned, thereunto duly authorized.

              1-900 JACKPOT, INC. (FORMERLY PULTRONEX CORPORATION)



BY:   /S/ BRIAN FISHER                     BY:   /S/ JOSEPH BATTY
      ---------------------------                ---------------------------
          BRIAN FISHER                               JOSEPH BATTY
          PRINCIPAL EXECUTIVE OFFICER                PRINCIPAL FINANCIAL OFFICER

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
this  Report has been  signed  below by the  following  persons on behalf of the
registrant and in the capacities and on the dates indicated.



       SIGNATURE                   TITLE                            DATE

    /S/ BRIAN FISHER
--------------------------
        BRIAN FISHER, PRINCIPAL EXECUTIVE OFFICER     SEPTEMBER 15, 2005



       SIGNATURE                   TITLE                            DATE

    /S/ JOSEPH BATTY
--------------------------
        JOSEPH BATTY, PRINCIPAL FINANCIAL OFFICER     SEPTEMBER 15, 2005