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UNITED STATES SECURITIES AND EXCHANGE COMMISSION 
Washington, DC 20549

FORM 10QSB



|[X] | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2001
|--- | -------------------------------------------------------------------------------------------------------------------------------------
|    | OR                                                                                                                                   
|[ ] | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934                                             
|    | For the transition period from to                                                                                                    

COMMISSION FILE NUMBER 0-31289

FIRSTBINGO. COM
(Exact name of registrant as specified in its charter)



|NEVADA                                                         | N/A                                 
|-------------------------------------------------------------- | ------------------------------------
|(State of other jurisdiction of incorporation or organization) | (IRS Employer Identification Number)

180 Attwell Avenue
Suite 400
Toronto, Ontario
Canada M9W 6A9(Address of principal executive offices)

(877) 463-4948(Registrant's telephone number, including area code)

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 the number of shares outstanding of each of the issuer's classes of common stock, as of March 31, 2001: 22,588,000

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Board of Directors
FirstBingo.Com
Toronto, Ontario
CANADA



ACCOUNTANT'S REVIEW REPORT



We have reviewed the accompanying balance sheet of FirstBingo.Com, a development stage enterprise (formerly Vista Medical Terrace, Inc.) as of March 31, 2001 and the related statements of operations, stockholders' equity, and cash
flows for the three months ended March 31, 2001 and for the period from March 30, 1990 (inception) through March 31, 2001. All information included in these financial statements is the representation of the management of FirstBingo.Com.

We conducted our review in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit in accordance with auditing standards generally accepted in the United States of America, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with accounting principles generally accepted in the United States
of America.

The financial statements for the year ended December 31, 2000 and for the period from March 30, 1990 (inception) to December 31, 2000 were audited by us and we expressed an unqualified opinion on it in our report dated April 9, 2001.
We have not performed any auditing procedures since that date.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has generated no revenue in recent years, and has
suffered recurring losses from operations resulting in an accumulated deficit of $13,456,756 at March 31, 2001. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management's plans regarding this issue
are also discussed in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.







Williams & Webster, P.S.Certified Public AccountantsSpokane, Washington
May 8, 2001

F-1

















|FIRST BINGO.COM
BALANCE SHEETS
(FORMERLY VISTA MEDICAL TERRACE, INC.)
(A DEVELOPMENT STAGE COMPANY)
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|ASSETS                                                                                             
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|LIABILITIES & STOCKHOLDERS' EQUITY(DEFICIT)                                                        
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|The accompanying notes are an integral part of these financial statements.
F-2                     

















|FIRST BINGO.COM
STATEMENTS OF OPERATIONS
(FORMERLY VISTA MEDICAL TERRACE, INC.)
(A DEVELOPMENT STAGE COMPANY)
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|                                                                                                             
|REVENUES                                                                                                     
|COST OF REVENUES                                                                                             
|GROSS PROFIT (LOSS)                                                                                          
|EXPENSES                                                                                                     
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|LOSS FROM OPERATIONS                                                                                         
|OTHER INCOME AND (EXPENSES)                                                                                  
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|LOSS BEFORE INCOME TAXES                                                                                     
|INCOME TAXES                                                                                                 
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|The accompanying notes are an integral part of these financial statements.
F-3                               

|FIRSTBINGO.COM
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
(FORMERLY VISTA MEDICAL TERRACE, INC.)
(A DEVELOPMENT STAGE COMPANY)
|-------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                               
|                                                                                                                               
|Number of Shares                                                                                                               
|
|Initial issuance of common stock in April 1990 for cash                                                                        
|Cumulative loss for the years ended December 31, 1990 through December 31, 1996                                                
|Balance, December 31, 1996                                                                                                     
|Loss for year ending, December 31, 1997                                                                                        
|Balance, December 31, 1997                                                                                                     
|Loss for year ending, December 31, 1998                                                                                        
|Balance, December 31, 1998                                                                                                     
|Loss for year ending December 31, 1999                                                                                         
|Balance, December 31, 1999                                                                                                     
|Issuance of common stock for services at an average of $2.13 per share                                                         
|6,100,000                                                                                                                      
|Options issued for consulting fees                                                                                             
|Issuance of common stock for acquisition of Lucky Port Limited at an average of $0.50 per share                                
|Loss for year ending December 31, 2000                                                                                         
|Balance, December 31, 2000                                                                                                     
|Loss for three months ending March 31, 2001                                                                                    
|Balance, March 31, 2001 (unaudited)                                                                                            
|The accompanying notes are an integral part of these financial statements.
F-4                                                 

|FIRST BINGO.COM
STATEMENT OF CASH FLOWS
(FORMERLY VISTA MEDICAL TERRACE, INC.)
(A DEVELOPMENT STAGE COMPANY)
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|CASH FLOWS FROM OPERATING ACTIVITIES:                                                                       
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|CASH FLOWS FROM INVESTING ACTIVITIES:                                                                       
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|CASH FLOWS FROM FINANCING ACTIVITIES:                                                                       
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|Net increase (decrease) in cash                                                                             
|Cash, beginning of period                                                                                   
|Cash, end of period                                                                                         
|SUPPLEMENTAL DISCLOSURES:                                                                                   
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|NON-CASH INVESTING AND FINANCING ACTIVITIES:                                                                
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|The accompanying notes are an integral part of these financial statements.
F-5                              

FIRSTBINGO. COM
(Formerly Vista Medical Terrace, Inc.)
(A Development Stage Company)
Notes to the Financial Statements
March 31, 2001

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

FirstBingo.com, formerly Vista Medical Terrace, Inc. (hereinafter "the Company"), was incorporated in March 1990 under the laws of the State of Nevada for any lawful business. The name change to FirstBingo.com was effective on May
25, 1999 to reflect the Company's change in primary focus to the offering of interactive online Internet entertainment and game playing. As part of the acquisition of software in 1999, the Company acquired a non-operating wholly owned subsidiary, Lucky
Port Limited, a British Virgin Islands corporation. See Note 4.

The Company is in the development stage and as of March 31, 2001 had not realized any significant revenues from its planned operations. The Company's year-end is December 31

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of FirstBingo.com is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, which
is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.

Development Stage Activities

The Company has been in the development stage since its formation on March 30, 1990. It is primarily engaged in internet entertainment and the business of gaming.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.

As shown in the accompanying financial statements, the Company incurred a net loss of $174,420 for the three months ended March 31, 2001. The Company is currently putting technology in place that will, if successful, mitigate these
factors that raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and
classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Management intends to seek new capital from new equity securities issuances that will provide funds needed to increase liquidity, fund internal growth and fully implement its business plan.

F-6







FIRSTBINGO. COM
(Formerly Vista Medical Terrace, Inc.)
(A Development Stage Company)
Notes to the Financial Statements
March 31, 2001

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiary. All significant inter-company transactions and balances have been eliminated in consolidation. At this time, the financial statements and
the notes thereto, are not considered consolidated since the Company's only subsidiary is non-operating and dormant, containing no material assets or liabilities.

Accounting Method

The Company's financial statements are prepared using the accrual method of accounting.

Basic and Diluted Loss Per Share

Net loss per share was computed by dividing the net loss by the weighted average number of shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and
weighting them by the amount of time that they were outstanding. Basic and diluted loss per share were the same, as inclusion of common stock equivalents would be anit-dilutive.

Cash and Cash Equivalents

For purposes of the Consolidated Statement of Cash Flows, the Company considers all short-term debt securities purchased with a maturity of three months or less to be cash equivalents.

Provision for Taxes

At March 31, 2001, the Company had a net operating loss of approximately $170,000. No provision for taxes or tax benefit has been reported in the financial statements, as there is not a measurable means of assessing future profits
or losses.

Use of Estimates

The process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities,
revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.

Impaired Asset Policy

In March 1995, the Financial Accounting Standards Board issued a statement titled "Accounting for Impairment of Long-lived Assets." In complying with this standard, the Company reviews its long-lived assets quarterly to determine
if any events or changes in circumstances have transpired which indicate that the carrying value of its assets may not be recoverable. The Company does not believe any additional adjustments are needed to the carrying value of its assets at March 31, 2001.

F-7

FIRSTBINGO. COM
(Formerly Vista Medical Terrace, Inc.)
(A Development Stage Company)
Notes to the Financial Statements
March 31, 2001

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Derivative Instruments

In June 1998, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards ("SFAS") No. 133, "Accounting for Derivative Instruments and Hedging Activities." This standard establishes accounting and
reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. It requires that an entity recognize all derivatives as either assets or liabilities in the consolidated
balance sheet and measure those instruments at fair value.

At March 31, 2001, the Company has not engaged in any transactions that would be considered derivative instruments or hedging activities.

NOTE 3 - INTANGIBLE ASSETS

The Company has capitalized $205,841, which is the contractual cost of the website and software license purchased from an independent supplier, and $1,500,000, which is the value of the shares exchanged for software. (See Note 4).
No portion of this software-acquired during the year ended December 31, 2000-was internally developed and, accordingly, there are no internal costs associated with this software which were charged to research and development. Consistent with SOP 98-1, the
costs of this software-which was purchased solely for internal use and will not be marketed externally-have been capitalized and will be amortized over five years. Currently the web site and software have not been placed into service and are not being
amortized.

NOTE 4 - COMMON STOCK

Upon incorporation, the Company issued 57,000 shares of common stock for $2,500. During the years ending December 31, 1990 through December 31, 1996, the Company was dormant and had minimal activity, resulting in a combined loss of
$3,200. There were no additional stock transactions during this period. In 1997, the Company's board of directors authorized a 92-for-1 forward stock split, which increased the number of issued and outstanding shares to 5,244,000. In 1999, the Company
authorized a 2-for-1 forward split, which increased the number of issued and outstanding shares to 10,488,000. All financial statement information herein has been changed to reflect these stock splits. These stock splits resulted in the Company incurring
negative additional paid-in capital, which is reflected in the financial statements for the year ended December 31, 1999.

During 2000, the Company issued 6,100,000 shares for services which were valued at the fair market value at the date of grant of the shares. Under a 1999 agreement, the Company acquired Lucky Port Ltd, a British Virgin Islands
corporation, whose sole asset was computer software. This agreement required the Company to issue 6,000,000 shares of its common stock. This stock was issued during the year ended December 31, 2000.

F-8

FIRSTBINGO. COM
(Formerly Vista Medical Terrace, Inc.)
(A Development Stage Company)
Notes to the Financial Statements
March 31, 2001

NOTE 4 - COMMON STOCK (continued)

Valuation of these shares was determined based upon values at the original signing date of the agreement. The value of the shares issued in 2000 was sufficient to eliminate the negative additional paid-in capital.

NOTE 5 - RELATED PARTY TRANSACTIONS

Certain consultants who received common stock options under the Company's non-qualified stock option plan are the Company's directors and stockholders. An officer of the Company provides office space to the Company at no charge.
The value of this space is not considered significant to the financial statements. The Company also received uncollateralized advances from a related party to pay certain expenses. These advances bear no interest and are reflected in the financial
statements as advances from shareholder.

The Company received funds from a related party in the form of an unsecured loan. This credit facility is a drawdown loan, with a maximum loan limit of $750,000. Interest is payable at 12% per annum, based upon the principal
outstanding, and is due when the loan is called. At March 31, 2001, the Company had received $530,502 from this loan. The loan is due on demand, subject to 30 days written notice. Interest on this loan in the amount of $14,441 for the three months ending
March 31, 2001 was recorded in the accompanying financial statements and is included in accrued interest.

NOTE 6-STOCK OPTIONS

During the year ended December 31, 2000, the board of directors granted options to acquire 1,000,000 common stock shares for prices ranging from $7.00 to $13.00 per share to consultants for marketing and public relations services.

The fair value of each option granted was estimated on the grant date using the Black-Scholes Option Price Calculation. The following assumptions were made to estimate fair value: the risk-free interest rate is 5%, volatility is 0.30,
and the expected life of the options is one year. Accordingly, $15,000 is recorded in the accompanying financial statements.



















F-9

FIRSTBINGO. COM
(Formerly Vista Medical Terrace, Inc.)
(A Development Stage Company)
Notes to the Financial Statements
March 31, 2001

NOTE 6-STOCK OPTIONS (Continued)

The following is a summary of stock option activity:

|                                         |  | Number of Shares |   | Weighted Average Exercise Price | 
|---------------------------------------- |  | ---------------- | - | ------------------------------- | 
|                                         |  |                  |   |                                 | 
|Outstanding at January 1, 2000           |  | -                | $ | -                               | 
|Granted                                  |  | 1,000,000        |   | 10.00                           | 
|Exercised                                |  | -                |   | -                               | 
|Forfeited                                |  | ________-        |   | _______-                        | 
|Outstanding at December 31, 2000         |  | 1,000,000        | $ | ____10.00                       | 
|Options Exercisable at December 31, 2000 |  | 1,000,000        | $ | ____10.00                       | 
|Outstanding at January 1, 2001           |  | 1,000,000        | $ | 10.00                           | 
|Granted                                  |  | -                |   | -                               | 
|Exercised                                |  | -                |   | -                               | 
|Forfeited                                |  | ________-        |   | ________-                       | 
|Outstanding at March 31, 2001            |  | 1,000,000        | $ | ____10.00                       | 
|Options Exercisable at March 31, 2001    |  | 1,000,000        | $ | ____10.00                       | 

NOTE 7 - CONCENTRATIONS

The Company does not at the present time have a checking account. All cash disbursements prior to March 31, 2001 were handled through a trust account maintained by the law office of the former president of the Company.

NOTE 8 - COMMITMENTS AND CONTINGENCIES

During 1999, the Company entered into an agreement with Lucky Port Limited, a British Virgin Islands corporation, (hereinafter "Lucky") whereby the Company would acquire 100% of the stock of Lucky in exchange for 3,000,000 shares
of the Company. These shares were valued at $0.50 per share, which was the fair market value of the shares on the date the agreement was signed. This agreement was finalized in 2000, with the issuance of 6,000,000 shares of post-split stock. See Note 4.









F-10

ITEM 2.	MANAGEMENT

The Company has inadequate cash to maintain operations during the next twelve months. In order to meet its cash requirements the Company will have to raise additional capital through the sale of securities or loans.

As of the date hereof, the Company has not made sales of additional securities and there is no assurance that it will be able to raise additional capital through the sale of securities in the future. Further, the Company has not
initiated any negotiations for loans to the Company and there is no assurance that the Company will be able to raise additional capital in the future through loans. In the event that the Company is unable to raise additional capital, it may have to
suspend or cease operations.

The Company does not intend to conduct any research or development of its services during the next twelve months other than as described herein. See "Business."

The Company does not intend to purchase a plant or significant equipment.

The Company will hire employees on an as needed basis, however, the Company does not expect to hire a significant number of employees until the Company begins to generate revenues.

The Company expects to earn revenues in the second quarter of 2001. There is no assurance, however, that the Company will earn said revenues as planned.

















































SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 14th day of May, 2001

FIRSTBINGO. COM

(Registrant)

By: /s/ Richard L. Wachter
Richard L. Wachter, President, and a member of the Board of Directors