U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

        For the quarterly period ended February 28, 2005.

[_]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934

        For the transition period from _______ to ________


                        COMMISSION FILE NUMBER: 001-31343


                         INTERNATIONAL DEVELOPMENT CORP.
                 (Name of small business issuer in its charter)

                NEVADA                                98-0229321
    (State or other jurisdiction of                (I.R.S. Employer
     incorporation or organization)               Identification No.)

      534 DELAWARE AVENUE, SUITE 412                    14202
           BUFFALO, NEW YORK                          (Zip Code)
(Address of principal executive offices)

                                 (416) 490-0254
                           (Issuer's telephone number)

     Check  whether  the  issuer  (1)  filed all reports required to be filed by
Section  13  or 15(d) of the Exchange Act during the past 12 months (or for such
shorter  period  that the registrant was required to file such reports), and (2)
has  been  subject  to  such filing requirements for the past 90 days.  Yes  [X]
No  [_]

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as  of  the  latest practicable date:  As of April 11, 2005 the
issuer had 413,404,226 shares of its common stock issued and outstanding.

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


<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS


<S>                                                                       <C>
PART I - FINANCIAL INFORMATION . . . . . . . . . . . . . . . . . . . . .   2
Item 1.  Financial Statements (Unaudited). . . . . . . . . . . . . . . .   2
Item 2.  Management's Discussion and Analysis or Plan of Operation . . .   2
Item 3.  Controls and Procedures . . . . . . . . . . . . . . . . . . . .   6
PART II - OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . .   7
Item  1.  Legal Proceedings. . . . . . . . . . . . . . . . . . . . . . .   7
Item  2.  Changes in Securities. . . . . . . . . . . . . . . . . . . . .   8
Item  3.  Defaults Upon Senior Securities. . . . . . . . . . . . . . . .   8
Item  4.  Submission of Matters to a Vote of Security Holders. . . . . .   8
Item  5.  Other Information. . . . . . . . . . . . . . . . . . . . . . .   9
Item  6.  Exhibits and Reports on Form 8-K . . . . . . . . . . . . . . .   9
SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  10
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.  14
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.  15
CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002.  16
CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002.  17
</TABLE>


                                        1
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL  STATEMENTS.

     The  financial  statements  and  related notes are included as part of this
Quarterly Report as indexed in the appendix on page F-1 through F-12.

ITEM 2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATIONS.

FORWARD-LOOKING INFORMATION

     Much  of  the  discussion in this Item is "forward looking" as that term is
used  in  Section  27A  of  the Securities Act and Section 21E of the Securities
Exchange  Act  of 1934. Actual operations and results may materially differ from
present  plans  and  projections  due  to  changes  in  economic conditions, new
business  opportunities,  changed  business  conditions, and other developments.
Other factors that could cause results to differ materially are described in our
filings  with  the  Securities  and  Exchange  Commission.

     The  following  are  factors  that  could cause actual results or events to
differ  materially  from  those anticipated, and include, but are not limited to
general  economic,  financial and business conditions, changes in and compliance
with  governmental  laws  and  regulations,  including various state and federal
environmental  regulations,  our  ability  to  obtain  additional financing from
outside investors and/or bank and mezzanine lenders; and our ability to generate
sufficient  revenues  to  cover  operating  losses  and  position  us to achieve
positive  cash  flow.

     Readers  are  cautioned  not to place undue reliance on the forward-looking
statements  contained herein, which speak only as of the date hereof. We believe
the  information  contained  in  this  Form 10-QSB to be accurate as of the date
hereof.  Changes  may occur after that date. We will not update that information
except  as  required  by  law  in  the  normal  course  of our public disclosure
practices.

     Additionally,  the  following  discussion regarding our financial condition
and  results  of  operations  should  be  read in conjunction with the financial
statements  and related notes contained in Item 1 of Part I of this Form 10-QSB,
as  well as the financial statements in Item 7 of Part II of our Form 10-KSB for
the  fiscal  year  ended  August  31,  2004.

RESULTS  OF  OPERATIONS

     For the six months ended February 28, 2005 and February 29, 2004, we had no
sales. As a result of the lack of sales during the prior year period, during the
second  half  of the year ended August 31, 2004, we focused our time and efforts
in  developing  new  marketing  strategies  and  discussing  potential  plans to
reorganize  in  an  effort  to  increase  sales  of  our  water purification and
activation products. Subsequent to the year ended August 31, 2004, we formalized
a  plan to reorganize, in which the water treatment operations would be spun off
into  a  wholly-owned subsidiary of the reorganized corporation, as the focus of
the  reorganized  corporation  would  be  on  identifying  and  closing  focused
acquisitions,  building  through  steady planned growth. As a result of the time
spent  on  the  development  of  new  marketing  strategies  and  discussions on
potentially  reorganizing,  our  focus  on  generating  new  sales  was limited,
therefore  directly  resulting  in no sales during the six months ended February
28,  2005.

     As  a  result  of  the  recent reorganization, we believe that we are in an
improved  position  to  take  advantage  of  operational efficiencies and market
growth  opportunities.


                                        2
<PAGE>
     During the year ended August 31, 2004 the Company had incurred very minimal
direct  costs  relating  to  the  development  of  new  marketing strategies and
discussions regarding the potential reorganization of the corporation. All costs
associated with the formal reorganization plan were incurred and recorded in the
financial statements subsequent to the year ended August 31, 2004.

     The  net  loss  for  the  six  months  ended February 28, 2005 was $683,664
compared  to  a net loss of $222,547 for the six months ended February 29, 2004.

     Expenses  for  the  six  months  ended February 28, 2005 increased $461,000
compared  to the six months ended February 29, 2004. The increases in consulting
expenses  of  $374,000,  general  and  administrative  expenses  of $90,000, and
marketing expenses of $51,000 can be directly attributable to the costs involved
in  our  reorganization  and  implementing  newly  developed  plans  to generate
revenues  and  for  our  overall  growth  as a result of the reorganization. The
increases  were  offset by a decrease in the provision for bad debts of $57,000,
as  less of an increase in the allowance for doubtful accounts was needed in the
current  year  period  as  compared  to  the  prior  year  period.

LIQUIDITY  AND  CAPITAL  RESOURCES

     Our  operations  used  approximately $565,000 in cash during the six months
ended  February 28, 2005. Cash required during the six months ended February 28,
2005  came from director and stockholder advances of $151,000, proceeds from the
exercise  of stock options of $394,000, and the sale of restricted common shares
for $25,000, of which $5,000 was paid to repurchase 800,000 of our common shares
for  cancellation.

     We  plan  to  keep  purchases  of  our  water  purification  and activation
equipment  to  a  minimum  once we have sold our present inventory. Based on our
current  estimates,  we anticipate liquidating our entire current inventory over
the next twelve to eighteen months. We have arranged for a warehouse facility to
store  the  current  inventory  at  $150  per  month.

     We  estimate  our  business  operational expenses during the next 12 months
will  be  approximately  $1.5  million.

     As  discussed  by  our  accountants  in  the unaudited financial statements
included  in  Item  1  of  Part  I  of this Quarterly Report on Form 10-QSB, our
revenue is currently insufficient to cover our costs and expenses.

     Directors,  stockholders  and proceeds from the sales of our stock continue
to  provide  us  the funds needed to continue our development and operations. To
the  extent  our  revenue  shortfall  exceeds the willingness and ability of our
directors,  stockholders, and the selling of our shares to continue providing us
the  funds  needed,  we  anticipate  raising  any necessary capital from outside
investors coupled with bank or mezzanine lenders. As of the date of this report,
we have not entered into any negotiations with any third parties to provide such
capital.

     We  anticipate  that  our  current  financing  strategy of private debt and
equity  offerings  will  meet our anticipated objectives and business operations
for  the  next  12  months.  We continue to evaluate opportunities for corporate
development.  Subject  to  our  ability  to  obtain  adequate  financing  at the
applicable time, we may enter into definitive agreements on one or more of those
opportunities.

     Our  independent  accountants'  review  report  on  our  February  28, 2005
financial  statements  states  that  our  lack  of  sources  of  revenues  raise
substantial doubts about our ability to continue as a going concern.


                                        3
<PAGE>
APPLICATION OF CRITICAL ACCOUNTING POLICIES

     Our  financial statements and accompanying notes are prepared in accordance
with  accounting  principles generally accepted in the United States of America.
Preparing  financial  statements  requires  management  to  make  estimates  and
assumptions  that  affect  the reported amounts of assets, liabilities, revenue,
and  expenses.  These  estimates  and  assumptions  are affected by management's
application of accounting policies. Critical accounting policies include revenue
recognition,  impairment  of  marketing  rights  and  accounting for stock-based
compensation.

     We  recognize  revenue in accordance with Staff Accounting Bulletin No.101,
"Revenue  Recognition in Financial Statements." Sales are recorded when products
are  shipped  to  customers.  Provisions for discounts and rebates to customers,
estimated  returns and allowances, and other adjustments are provided for in the
same  period  the  related  sales  are  recorded.

     We  evaluate  our  long-lived  assets for financial impairment on a regular
basis  in  accordance  with Statement of Financial Accounting Standards No. 144,
"Accounting  for  the Impairment or Disposal of Long-Lived Assets" evaluates the
recoverability  of long-lived assets not held for sale by measuring the carrying
amount  of  the  assets  against  the  estimated  discounted  future  cash flows
associated  with  them.  At  the  time such evaluations indicate that the future
discounted cash flows of certain long-lived assets are not sufficient to recover
the carrying value of such assets, the assets are adjusted to their fair values.

     We  account  for  stock-based  compensation in accordance with Statement of
Financial  Accounting  Standards  No.  123R,  "Share-Based  Payment"  and  Staff
Accounting  Bulletin  No.  107,  which  requires  us  to  measure  and recognize
compensation expense for all stock-based payments for services at the grant-date
fair  value,  with  the  cost  recognized  over  the  vesting  period.

RECENT DEVELOPMENTS

     Incorporation  of  Subsidiary  Company.  In  January  2005,  we  formed  a
wholly-owned  subsidiary,  FreshWater  Technologies, Inc., a Nevada corporation,
for  the  purpose  of transferring our water treatment operations related assets
and  business  to a separate company so that we could concentrate our efforts on
identifying  and  closing  focused acquisitions, building our enterprise through
steady  planned  growth.

     Change  in  Control.  On  September  23,  2004,  Betty-Ann Harland acquired
15,000,000  shares  of  our common stock, which represented 30.51 percent of our
issued and outstanding common stock. Ms. Harland paid the sum of $25,000 for the
shares.  In  addition,  Ms.  Harland had proxies to vote 6,000,000 shares of our
common  stock,  granted  by  1421209  Ontario  Limited.  The  proxies expired on
February  1,  2005.  In January 2005, Betty-Ann Harland exchanged the 15,000,000
common  shares  for  1,000,000  Class  A  preferred shares which have conversion
features  and  voting  rights  of  200  to  one.

     On  October  12,  2004,  1421209 Ontario Limited granted to us an option to
redeem 3,000,000 shares of our common stock, which are currently held in escrow,
for  a  total sum of $25,000, payable in two installments. The first installment
of  $10,000  was  paid by us on October 12, 2004, and the balance of $15,000 was
due  on or before February 1, 2005. We were unable to pay the second installment
of  $15,000  and  our  option to redeem the 3,000,000 shares of our common stock
expired.

     Following the acquisition of our shares by Ms. Harland, she was elected our
chairman  and  chief  executive officer. In addition, Max Weissengruber, Douglas
Robertson,  Robert  W. Gingell, and Arthur N. Kelly were elected as our officers
and  directors.  At  the  same  time,  D.  Brian Robertson was elected our chief
financial  officer.

     Because  of  the change in ownership of voting stock and the composition of
the  board  after  the  closing of the agreement, there was a change in control.

     At  a  board of directors meeting of the Company held on March 30, 2005 the
following  resolutions  were  adopted:


                                        4
<PAGE>
     (1)     Authorized  an  increase  in  share capital from 800,000,000 common
shares  to  1,500,000,000  common  shares;

     (2)     Authorized a new Series of Preferred Class B Voting shares carrying
500 to 1 voting rights with no conversion feature; and

     (3)     Authorized  an  increase  from  500,000,000  common  shares  to
750,000,000  common  shares  to  be available under the Employee Stock Incentive
Plan  and  approved  the  issuance  of  an  S-8  for  this  increase.

     At  a  board  of  directors  meeting  held  on April 13, 2005 the following
resolutions  were  adopted:

     (1)     Authorized  5,000,000  shares  of Class B Preferred Stock available
for  issuance;

     (2)     Authorized  the  exchange  of 1,000,000 shares of Class A Preferred
Stock,  held  by  Betty-Ann  Harland,  for 2,000,000 shares of Class B Preferred
Stock;  and

     (3)     Authorized the appointment of Douglas Robertson and Arthur Kelly to
the  Audit Committee, with Arthur Kelly as the Chair of the Audit Committee, and
the  appointment  of  Douglas  Robertson  and Richard Proulx to the Compensation
Committee,  with  Douglas  Robertson  as the Chair of the Compensation Committee

     Change  of  Domicile.  On  December 9, 2004, a majority of our stockholders
voted  to approve a change in our state of incorporation from Delaware to Nevada
by  means  of  a  merger  permitted under the corporate statutes of both states.

     The  merger  was  between  Ozolutions  Inc.,  a  Delaware  corporation, and
International  Development  Corp., a Nevada corporation, organized by us for the
specific  purpose of the change of domicile. The merger was consummated pursuant
to a Plan of Merger. The Plan of Merger provided that Ozolutions Inc. merge with
and  into  International  Development  Corp. Following the merger, International
Development  Corp.  was  the  surviving  entity.

     International  Development  Corp.  was  a newly formed corporation with one
share  of  common  stock  issued  and outstanding held by Betty-Ann Harland, our
chairman  and  chief  executive  officer, with only minimal capital and no other
assets  or  liabilities.  The  terms  of  the  merger provided that the existing
stockholders  of  Ozolutions  Inc. would be entitled to receive one share of the
common  stock  of  International  Development  Corp.  for every one share of the
common  stock  of  Ozolutions Inc. held by the common stockholders of Ozolutions
Inc.  In  addition,  the  then currently issued one share of the common stock of
International Development Corp. held by Ms. Harland was cancelled.  As a result,
following the merger, the former stockholders of Ozolutions Inc. became the only
stockholders  of  the  newly  merged  corporation.

     The  change  of domicile did not interrupt the existence of Ozolutions Inc.
Each  share  of our common stock remained issued and outstanding as one share of
the common stock of International Development Corp. after the change of domicile
from  Delaware  to  Nevada.

     We chose to change our state of incorporation in order to take advantage of
several  features  of  Nevada corporate law which are expected to help us reduce
our  taxes  and to facilitate our corporate actions.  A comparison of Nevada and
Delaware  law  follows:

-    Corporations  domiciled in Nevada do not pay a franchise tax or a corporate
     income  tax.  Delaware  imposes  a  corporate  income  tax.


                                        5
<PAGE>
-    Under  Nevada  law,  unless  otherwise  provided  in  the  articles  of
     incorporation, a corporation that desires to change the number of shares of
     a  class  or  series,  if  any,  of  its  authorized stock by increasing or
     decreasing  the  number  of  authorized  shares  of the class or series and
     correspondingly  increasing  or  decreasing  the  number  of  issued  and
     outstanding  shares of the same class or series held by each stockholder of
     record  at  the  effective date and time of the change, except as otherwise
     provided  in  subsections  2  and 3 of Chapter 78.207 of the Nevada Revised
     Statutes,  may  do  so  by  a resolution adopted by the board of directors,
     without obtaining the approval of the stockholders. The resolution may also
     provide  for a change of the par value, if any, of the same class or series
     of  the shares increased or decreased. After the effective date and time of
     the  change,  the  corporation may issue its stock in accordance therewith.

     The second bullet point above is especially important to us, inasmuch as we
will  be  able  to  change  our  authorized  shares to more efficiently meet our
current  needs.  Presently, we need to go through the time and expense of having
a  stockholders'  meeting  in order to change our authorized shares.  We must be
able  to  quickly  deal  with  situations  calling  for us to modify our capital
structure.

     Officers  and  Directors.  Before  the  change  of  domicile,  our board of
directors  consisted  of  five  members,  Betty-Ann  Harland, Max Weissengruber,
Douglas  Robertson,  Robert W. Gingell, and Arthur N. Kelly.  Upon the change of
domicile,  our board of directors consists of the same individuals who were also
the  directors  of  International  Development  Corp.  In  March 2005, Robert W.
Gingell  resigned as Director for personal reasons and was replaced on the board
of  directors  by  Richard  Proulx.

     Resales  of  Our  Common  Stock.  Pursuant to Rule 145 under the Securities
Act,  due to the merger of Ozolutions Inc. with International Development Corp.,
the  exchange  of  our  shares  of  common stock in the Delaware corporation for
shares  of  the  common  stock  of  the  Nevada  corporation  was  exempt  from
registration under the Securities Act, since the sole purpose of the transaction
was  a  change  of  our  domicile  within  the United States.  The effect of the
exemption  is  that  the  shares  of  our common stock issuable in the change of
domicile  may  be  resold  by the former stockholders without restriction to the
same  extent  that such shares may have been sold before the change of domicile.

     Accounting  for  the  Transaction.  Upon  consummation  of  the  change  of
domicile, the historical financial statements of the Delaware corporation became
the  historical  financial  statements  of  the  Nevada  corporation.  Total
stockholders'  equity  was  unchanged  as  a  result  of the change of domicile.

OFF-BALANCE SHEET ARRANGEMENTS

     We do not have any off-balance sheet arrangements.

ITEM 3.  CONTROLS  AND  PROCEDURES.

     Disclosure  controls  and procedures are controls and other procedures that
are  designed  to  ensure that information required to be disclosed by us in the
reports  that  we  file or submit 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,  without  limitation,  controls  and procedures designed to ensure that
information required to be disclosed by us in the reports that we file under the
Exchange  Act  is  accumulated and communicated to our management, including our
principal  executive  and  financial  officers,  as  appropriate to allow timely
decisions  regarding  required  disclosure.

     Evaluation of disclosure and controls and procedures.  As of the end of the
period  covered  by this Quarterly Report, we conducted an evaluation, under the
supervision  and with the participation of our chief executive officer and chief
financial  officer,  of  our  disclosure  controls and procedures (as defined in
Rules  13a-15(e)  of  the  Exchange  Act).  Based  on this evaluation, our chief
executive  officer  and  chief  financial  officer concluded that our disclosure
controls  and procedures are effective to ensure that information required to be
disclosed  by  us  in  reports  that we file or submit under the Exchange Act is
recorded,  processed,  summarized and reported within the time periods specified
in  Securities  and  Exchange  Commission  rules  and  forms.


                                        6
<PAGE>
     Changes  in internal controls over financial reporting. There was no change
in  our  internal  controls,  which  are included within disclosure controls and
procedures,  during  our  most  recently  completed  fiscal  quarter  that  has
materially  affected, or is reasonably likely to materially affect, our internal
controls.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL  PROCEEDINGS.

     As  of  the  date  of  this  report,  we  are  not  involved  in  any legal
proceedings.


                                        7
<PAGE>
ITEM 2.  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS.

     On September 23, 2004, Betty-Ann Harland purchased 15,000,000 shares of our
common  stock  for  a  sum  of  $25,000.

     The issuance of the securities to Betty-Ann Harland was made pursuant to an
exemption  from  registration  provided by Section 4(2) of the Securities Act of
1933,  as  amended (the "Securities Act") and Regulation D promulgated under the
Securities  Act.  The sale of the common stock was privately negotiated, and Ms.
Harland  is  an  accredited  investor.  We  made  no  public  offering or public
solicitation  in  connection  with  the  sale  of  the  common  stock.

     All  of  our  common  shares acquired by Betty-Ann Harland carried a legend
restricting  their  transfer  under  the  Securities  Act

     In  January  2005, Betty-Ann Harland exchanged the 15,000,000 shares of our
common  stock  for  1,000,000  shares  of our Class A preferred stock which have
voting  rights  of  200  to  one.  Each  share of our Class A preferred stock is
convertible  into  200  fully paid and nonassessable shares of our common stock.
The  preferred  shares  carry  a  legend  restricting  their  transfer under the
Securities  Act.

     On  October  12,  2004,  1421209 Ontario Limited granted to us an option to
redeem 3,000,000 shares of our common stock, which are currently held in escrow,
for  a total sum of $25,000, payable in two installments.  The first installment
of  $10,000  was  paid by us on October 12, 2004, and the balance of $15,000 was
due on or before February 1, 2005.  We were unable to pay the second installment
of  $15,000  and  our  option to redeem the 3,000,000 shares of our common stock
expired.

ITEM 3.  DEFAULTS  UPON  SENIOR  SECURITIES.

     None.

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

     Effective  December 9, 2004, the persons holding a majority of the votes of
our  stock  voted  in  favor  of  resolutions  which accomplished the following:

     (1)     Approve  the  merger of Ozolutions Inc. with and into International
Development  Corp.,  a  newly  formed  Nevada  corporation;

     (2)     Change our domicile from Delaware to Nevada by means of a merger of
Ozolutions  Inc.  with  and into International Development Corp., a newly formed
Nevada  corporation;

     (3)     Elect  directors  of International Development Corp., the surviving
Nevada  corporation;

     (4)     Approve  an increase in our authorized common stock from 50,000,000
shares  to  800,000,000  shares  under  the  articles  of  incorporation  of the
surviving  Nevada  corporation,  which replaced the articles of incorporation of
Ozolutions  Inc.,  a  Delaware  corporation;

     (5)     Authorize  100,000,000 shares of preferred stock under the articles
of  incorporation  of  the  surviving  Nevada  corporation,  which  replaced the
articles of incorporation of Ozolutions Inc., a Delaware corporation;

     (6)     Authorize  our  board  of directors to determine, in whole or part,
the  preferences,  limitations,  and  relative  rights,  of classes or series of
shares,  as  provided  in  Section  78.1955 of the Nevada Revised Statutes under


                                        8
<PAGE>
the  articles  of  incorporation  of  the  surviving  Nevada  corporation, which
replaced  the  articles  of  incorporation  of  Ozolutions  Inc.,  a  Delaware
corporation;  and

     (7)     Approve  the  Bylaws  of  International Development Corp., a Nevada
corporation, which govern us following the merger and change in domicile.

     The consenting stockholders, voted in favor of each of the seven proposals.
Together,  the  consenting  stockholders  held  26,496,171  shares of our common
stock,  which  number exceeded the majority of the issued and outstanding shares
of  our  common  stock  on  the  record  date.

ITEM 5.  OTHER INFORMATION.

     None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

     (a)     Exhibits.

<TABLE>
<CAPTION>
EXHIBIT
  NO.                                IDENTIFICATION OF EXHIBIT
  ---                                 ------------------------
<C>      <S>

   2.1*  Plan and Agreement of Merger Between Ozolutions Inc. and International Development Corp. dated
         October 25, 2004 and filed with Definitive Proxy Statement dated November 19, 2004.
   2.4*  Certificate of Designation for the Series A Preferred Stock, filed with Nevada Secretary of State on
         November 9, 2004.
   3.1*  Certificate of Incorporation of Ozolutions Inc. filed on January 10, 1996 with the State of Delaware.
   3.2*  Articles of Incorporation of International Development Corp. filed on November 9, 2004 with the State of
         Nevada.
  3.19*  Bylaws of International Development Corp.
  3.21*  Articles of Merger filed with the Delaware Secretary of State on December 9, 2004.
  3.22*  Articles of Merger filed with the Nevada Secretary of State on December 9, 2004.
  10.1*  Private Placement Agreement between Ozolutions Inc., now International Development Corp., and Betty-
         Ann Harland dated September 23, 2004, filed with the Form 10-KSB for the period ended August 31,
         2004.
  10.2*  Charter of Compensation Committee dated November 15, 2004.
  10.3*  Charter of Audit Committee dated November 15, 2004.
  10.4*  Consulting Agreement dated October 1, 2004 with Betty-Ann Harland, filed with the Form 10-KSB for
         the period ended August 31, 2004.
  10.5*  Employment Agreement dated October 1, 2004 with Max Weissengruber filed with the Form 10-KSB for
         the period ended August 31, 2004.
  10.6*  Employment Agreement dated October 1, 2004 with D. Brian Robertson filed with the Form 10-KSB for
         the period ended August 31, 2004.
  10.7*  Consulting Agreement dated October 1, 2004 with Ameri-can Equipment Sales & Leasing, Inc, filed with
         the Form 10-KSB for the period ended August 31, 2004.
  10.8*  Consulting Agreement dated October 1, 2004 with Alexander & Wade, Inc. filed with the Form 10-KSB
         for the period ended August 31, 2004.
 10.9**  Independent Client Service Agreement between the Company and Louis Shefsky, dated January 4, 2005.
 10.10** Amended Independent Client Service Agreement between the Company and Francis Zubrowski, dated January 1, 2005.
 10.11** Employment Agreement between Freshwater Technologies, Inc., the Company's wholly-owned subsidiary, and
         Robert Glassen, dated March 15, 2005.
 31.1**  Certification of Betty-Ann Harland, Chief Executive Officer of International Development Corp.,
         pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002.
 31.2**  Certification of D. Brian Robertson, Chief Financial Officer of International Development Corp., pursuant
         to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002.
 32.1**  Certification of Betty-Ann Harland, Chief Executive Officer of International Development Corp.,
         pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.
 32.2**  Certification of D. Brian Robertson, Chief Financial Officer of International Development Corp., pursuant
         to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.
</TABLE>


                                        9
<PAGE>
__________
*    Previously  filed.
**   Filed  herewith.
(b)  Reports  on  Form  8-K.
     On  December  9,  2004  we  filed a Form 8-K reporting sales of securities,
change  in  control,  and  changes  in  our  officers  and  directors.

     On  December  14,  2004, we filed a Form 8-K reporting a change in domicile
and  the  adoption  of  new  articles  of  incorporation  and  bylaws.

     On  March  15,  2005  we  filed a Form 8-K reporting the resignation of our
Director  Robert  W.  Gingell.

                                   SIGNATURES

     In  accordance  with  the  requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                   INTERNATIONAL DEVELOPMENT CORP.

Dated April 19, 2005.

                                   By  /s/ Betty-Ann Harland
                                     ------------------------------------------
                                      Betty-Ann Harland,
                                      President and Chief Executive Officer


                                       10
<PAGE>




                         INTERNATIONAL DEVELOPMENT CORP.
                    (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
                             (A NEVADA CORPORATION)
                                BUFFALO, NEW YORK

                          ----------------------------
                                FINANCIAL REPORTS
                                       AT
                                FEBRUARY 28, 2005
                          ============================




<PAGE>
<TABLE>
<CAPTION>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


TABLE OF CONTENTS
================================================================================

<S>                                                                            <C>
Consolidated Balance Sheets at February 28, 2005 (Unaudited)
  and August 31, 2004                                                           1

Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the
  Six Months Ended February 28, 2005 and February 29, 2004 (Unaudited)
  and for the Year Ended August 31, 2004                                        2

Consolidated Statements of Operations for the Three and Six Months Ended
  February 28, 2005 and February 29, 2004 (Unaudited)                           3

Consolidated Statements of Cash Flows for the Six Months Ended
  February 28, 2005 and February 29, 2004 (Unaudited)                          4-5

Notes to Consolidated Financial Statements                                     6-11
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED BALANCE SHEETS
===================================================================================================

                                                                        (UNAUDITED)
                                                                        FEBRUARY 28,    August 31,
                                                                            2005           2004
---------------------------------------------------------------------------------------------------
<S>                                                                    <C>             <C>
ASSETS

CURRENT ASSETS
Cash and Cash Equivalents                                              $           -   $       233
Accounts Receivable - Net of Allowance for Doubtful Accounts                       -        23,184
Inventory                                                                    208,798       208,798
Prepaid Expenses and Deposits                                                 40,000        40,000
---------------------------------------------------------------------------------------------------

TOTAL ASSETS                                                           $     248,798   $   272,215
===================================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Cash Overdraft                                                         $       4,010   $         -
Accounts Payable                                                              97,770        93,506
Deferred Revenue                                                               7,037         7,037
Due to Directors                                                             278,191       149,897
Due to Stockholder                                                           130,106       107,327
---------------------------------------------------------------------------------------------------

TOTAL LIABILITIES                                                            517,114       357,767
---------------------------------------------------------------------------------------------------

STOCKHOLDERS' DEFICIT
Common Stock:     $.001 Par; 800,000,000 and 50,000,000 Shares
                  Authorized, respectively; 262,404,226 and
                  34,904,326 Issued and Outstanding, respectively            262,404        34,904
Preferred Stock:  $.001 Par; 100,000,000 and -0- Shares
                  Authorized, respectively; 1,000,000 and -0- Shares
                  Issued and Outstanding, respectively                         1,000             -
Additional Paid-In Capital                                                 2,162,764     1,890,364
Accumulated Deficit                                                       (2,694,484)   (2,010,820)
---------------------------------------------------------------------------------------------------

TOTAL STOCKHOLDERS' DEFICIT                                                 (268,316)      (85,552)
---------------------------------------------------------------------------------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                            $     248,798   $   272,215
===================================================================================================

        The accompanying notes are an integral part of these financial statements.
</TABLE>


                                      - 1 -
<PAGE>
<TABLE>
<CAPTION>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
================================================================================================================================

                                        COMMON STOCK          PREFERRED STOCK
                                    ($0.001 PAR VALUE)      ($0.001 PAR VALUE)
                                 ------------------------  ---------------------
                                                                                   ADDITIONAL                        TOTAL
                                    NUMBER                  NUMBER                  PAID-IN      ACCUMULATED     STOCKHOLDERS'
                                  OF SHARES      VALUE     OF SHARES    VALUE       CAPITAL        DEFICIT     EQUITY (DEFICIT)
--------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>           <C>         <C>        <C>         <C>           <C>            <C>

BALANCE - AUGUST 31, 2003         33,754,226   $  33,754           -  $        -  $ 1,752,975   $ (1,625,380)  $        161,349

Shares Issued as Consideration
  for Acquisition of
  Marketing Rights                   250,000         250           -           -       14,750              -             15,000
Capital Contribution -
  Interest Expense                         -           -           -           -        4,644              -              4,644
Net Loss for the Period
  (Unaudited)                              -           -           -           -            -       (222,547)          (222,547)
--------------------------------------------------------------------------------------------------------------------------------

BALANCE - FEBRUARY 29, 2004
  (UNAUDITED)                     34,004,226      34,004           -           -    1,772,369     (1,847,927)           (41,554)

Shares Issued for Cash
  Consideration                      825,000         825           -           -       16,673              -             17,498
Shares Issued to Consultant in
  Exchange for Services               75,000          75           -           -        2,425              -              2,500
Cancellation of Commitment for
  Purchase of Shares for
  Cancellation                             -           -           -           -       81,699              -             81,699
Proceeds from Former
  Stock Purchase Agreement                 -           -           -           -       11,673              -             11,673
Capital Contribution -
  Interest Expense                         -           -           -           -        5,525              -              5,525
Net Loss for the Period
  (Unaudited)                              -           -           -           -            -       (162,893)          (162,893)
--------------------------------------------------------------------------------------------------------------------------------

BALANCE - AUGUST 31, 2004         34,904,226      34,904           -           -    1,890,364     (2,010,820)           (85,552)

Shares Issued for Cash
  Consideration                   15,000,000      15,000           -           -       10,000              -             25,000
Common Stock Exchanged for
  Preferred Stock                (15,000,000)    (15,000)  1,000,000       1,000       14,000              -                  -
Commitment for Purchase of
  Shares for Cancellation                  -           -           -           -       (5,000)             -             (5,000)
Shares Issued to Consultant in
  Exchange for Services            2,500,000       2,500           -           -        7,500              -             10,000
Stock Options Granted -
  Compensation for Services
  Rendered                                 -           -           -           -       69,436              -             69,436
Stock Options Exercised          225,000,000     225,000           -           -      168,472              -            393,472
Capital Contribution -
  Interest Expense                         -           -           -           -        7,992              -              7,992
Net Loss for the Period
  (Unaudited)                              -           -           -           -            -       (683,664)          (683,664)
--------------------------------------------------------------------------------------------------------------------------------

BALANCE - FEBRUARY 28, 2005
  (UNAUDITED)                    262,404,226   $ 262,404   1,000,000  $    1,000  $ 2,162,764   $ (2,694,484)  $       (268,316)
================================================================================================================================

                       The accompanying notes are an integral part of these financial statements.
</TABLE>


                                      - 2 -
<PAGE>
<TABLE>
<CAPTION>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
=================================================================================================

                                        THREE MONTHS ENDED                SIX MONTHS ENDED
                                   ------------------------------  ------------------------------

                                    FEBRUARY 28,    February 29,    FEBRUARY 28,    February 29,
                                        2005            2004            2005            2004
-------------------------------------------------------------------------------------------------
<S>                                <C>             <C>             <C>             <C>

REVENUES, NET                      $           -   $           -   $           -   $           -

Cost of Goods Sold                             -               -               -               -
-------------------------------------------------------------------------------------------------

GROSS PROFIT                                   -               -               -               -
-------------------------------------------------------------------------------------------------

EXPENSES
Bad Debts                                 22,944          80,000          22,944          80,000
Consulting Fees                          183,002          24,600         423,337          49,200
Marketing, Including Amortization
  of Marketing Rights                     79,385          19,616          89,905          38,795
General and Administrative                64,378          37,295         139,486          49,908
Interest Expense                           4,180           2,144           7,992           4,644
-------------------------------------------------------------------------------------------------

TOTAL EXPENSES                           353,889         163,655         683,664         222,547
-------------------------------------------------------------------------------------------------

LOSS BEFORE PROVISION FOR TAXES         (353,889)       (163,655)       (683,664)       (222,547)

Provision for Taxes                            -               -               -               -
-------------------------------------------------------------------------------------------------

NET LOSS FOR THE PERIOD            $    (353,889)  $    (163,655)  $    (683,664)  $    (222,547)
=================================================================================================

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING -
  BASIC AND DILUTED                  110,082,002      34,004,226      78,003,674      33,991,863

NET LOSS PER COMMON SHARE -
  BASIC AND DILUTED                $       (0.00)  $       (0.00)  $       (0.01)  $       (0.01)
=================================================================================================

       The accompanying notes are an integral part of these financial statements.
</TABLE>


                                      - 3 -
<PAGE>
<TABLE>
<CAPTION>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
======================================================================================

                                                              SIX MONTHS ENDED
                                                        ------------------------------

                                                         FEBRUARY 28,    February 29,
                                                             2005            2004
--------------------------------------------------------------------------------------
<S>                                                     <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES

NET LOSS FOR THE PERIOD                                 $    (683,664)  $    (222,547)

NON-CASH ADJUSTMENTS:
Amortization of Marketing Rights                                    -          15,000
Bad Debts                                                      22,944          80,000
Interest on Director/Stockholder Loans                          7,992           4,644
Shares Issued to Consultants                                   10,000               -
Compensation Expense on Employee Stock Option Grants           69,436               -

CHANGES IN ASSETS AND LIABILITIES:
Accounts Receivable                                               240           2,352
Prepaid Expenses and Deposits                                       -           7,722
Cash Overdraft                                                  4,010               -
Accounts Payable                                                4,264          51,040
--------------------------------------------------------------------------------------

NET CASH FLOWS FROM OPERATING ACTIVITIES                     (564,778)        (61,789)
--------------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES                                -               -
--------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Common Stock                         25,000               -
Proceeds from Stock Options Exercised                         393,472               -
Payment for Purchase of Common Stock for Cancellation          (5,000)              -
Advances from Directors                                       271,191          34,548
Repayments to Directors                                      (142,897)           (975)
Advances from Stockholder                                      53,306          34,109
Repayments to Stockholder                                     (30,527)         (5,758)
--------------------------------------------------------------------------------------

NET CASH FLOWS FROM FINANCING ACTIVITIES                      564,545          61,924
--------------------------------------------------------------------------------------

NET CHANGE IN CASH AND CASH EQUIVALENTS                          (233)            135

Cash and Cash Equivalents - Beginning of Period                   233             127
--------------------------------------------------------------------------------------

CASH AND CASH EQUIVALENTS - END OF PERIOD               $           -   $         262
======================================================================================

                                                                         - continued -

      The accompanying notes are an integral part of these financial statements.
</TABLE>


                                      - 4 -
<PAGE>
<TABLE>
<CAPTION>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


STATEMENTS OF CASH FLOWS (UNAUDITED) - CONTINUED
================================================================================

                                                       SIX MONTHS ENDED
                                                   -----------------------------

                                                   FEBRUARY 28,    February 29,
                                                       2005            2004
--------------------------------------------------------------------------------
<S>                                                <C>            <C>

SUPPLEMENTAL DISCLOSURES
================================================================================

Interest Paid                                      $           -  $           -
Income Taxes Paid                                  $           -  $           -
================================================================================


NON-CASH INVESTING AND FINANCING ACTIVITIES
================================================================================

Acquisition of Marketing Rights                    $           -  $      15,000
Purchase Price Paid via Issuance of Common Stock               -        (15,000)
--------------------------------------------------------------------------------

TOTAL CASH PAID FOR MARKETING RIGHTS               $           -  $           -
================================================================================

   The accompanying notes are an integral part of these financial statements.
</TABLE>


                                      - 5 -
<PAGE>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE A -  BASIS OF PRESENTATION
          The  condensed  consolidated  financial  statements  of  International
          Development  Corp.  (formerly  Ozolutions  Inc.)  and  Subsidiary (the
          "Company")  included herein have been prepared by the Company, without
          audit,  pursuant  to  the  rules and regulations of the Securities and
          Exchange  Commission  (the  "SEC").  Certain  information and footnote
          disclosures  normally  included  in  consolidated financial statements
          prepared  in conjunction with generally accepted accounting principles
          have been condensed or omitted pursuant to such rules and regulations,
          although  the  Company  believes  that the disclosures are adequate to
          make  the  information  presented  not  misleading.  These  condensed
          consolidated  financial  statements should be read in conjunction with
          the annual audited financial statements and the notes thereto included
          in  the  Company's  Form 10-KSB Annual Report, and other reports filed
          with  the  SEC.

          The  accompanying  unaudited interim consolidated financial statements
          reflect all adjustments of a normal and recurring nature which are, in
          the  opinion  of management, necessary to present fairly the financial
          position,  results of operations and cash flows of the Company for the
          interim periods presented. The results of operations for these periods
          are  not  necessarily  comparable to, or indicative of, results of any
          other  interim  period  of  or  for  the fiscal year taken as a whole.
          Factors  that  affect the comparability of financial data from year to
          year and for comparable interim periods include non-recurring expenses
          associated  with  the  Company's  costs  incurred  to  reorganize  the
          Company,  raise  capital,  and  stock  options  and  awards.  Certain
          financial  information  that  is  not  required  for interim financial
          reporting  purposes  has  been  omitted.

          PRINCIPLES OF CONSOLIDATION
          In January 2005, International Development Corp. formed a wholly-owned
          subsidiary,  FreshWater  Technologies,  Inc.,  for  the  purpose  of
          transferring  the  water  related  assets  and  business to a separate
          company  so  that  the  Company  could  concentrate  its  efforts  on
          identifying  and  closing  focused  acquisitions, building the Company
          through  steady  planned  growth.

          The  consolidated  financial  statements  include  the  accounts  of
          International  Development  Corp.  and  its  wholly  owned subsidiary,
          FreshWater  Technologies,  Inc.  All significant intercompany balances
          and  transactions  have  been  eliminated  in  consolidation.

          RECLASSIFICATIONS
          Certain  amounts  in  the prior year consolidated financial statements
          have  been reclassified to conform with the current year presentation.
          The reclassifications made to the prior year have no impact on the net
          income  (loss),  or overall presentation of the consolidated financial
          statements.


                                      - 6 -
<PAGE>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE B -  THE COMPANY
          At  a  stockholders  meeting  held  on  December 9, 2004 the following
          resolutions  were  adopted  by  written  consent  of  a  majority  of
          stockholders:
          1)   Approved  the  merger  of  Ozolutions  Inc.  and  International
               Development  Corp.  ("I.D.C."), a Nevada Corporation, with I.D.C.
               becoming  the  continuing  company.
          2)   Approved  the  change  of the Company's domicile from Delaware to
               Nevada.
          3)   Elected  Directors  of  I.D.C.,  the  surviving  Company.
          4)   Approved  an  increase in authorized common stock from 50,000,000
               to  800,000,000  under  the  articles  of incorporation of I.D.C.
          5)   Authorized  100,000,000  shares  of  preferred  stock.
          6)   Authorized  the  Board of Directors to determine the preferences,
               limitations and rights of classes or series of shares as provided
               in  Section  78.1955  of  the  Nevada  Revised Statutes under the
               articles  of  incorporation of I.D.C., the surviving Corporation.
          7)   Approved  the bylaws of I.D.C.which governs the Company following
               the  merger.


NOTE C -  EQUITY COMPENSATION PLANS

          In  December 2004, the Company established an Employee Stock Incentive
          Plan and a Non-Employee Directors and Consultants Retainer Stock Plan.

          The  purpose  of  the Employee Stock Incentive Plan (the "Plan") is to
          provide  the  Employees,  who  make  significant  and  extraordinary
          contributions  to the long-term growth and performance of the Company,
          with  equity-based  compensation incentives, and to attract and retain
          the Employees. Under the Plan, the Company may issue up to 500,000,000
          shares  of  $0.001  par value common stock. The Plan has a term of ten
          years,  therefore,  will  expire  in  December  2014.

          The  purposes  of  the Non-employee Directors and Consultants Retainer
          Stock  Plan  (the  "Plan")  are  to  enable the Company to promote the
          interests  of  the  Company  and  its  stockholders  by attracting and
          retaining Non-employee Directors and Consultants capable of furthering
          the  future  success  of  the  Company  and by aligning their economic
          interests  more  closely  with those of the Company's stockholders, by
          paying  their  retainer or fees in the form of shares of the Company's
          common  stock.  Under the Plan, the Company may issue up to 50,000,000
          shares  of  $0.001  par value common stock. The Plan has a term of ten
          years,  therefore,  will  expire  in  December  2014.

          In December 2004, the FASB issued SFAS No. 123R, "Share-Based Payment"
          ("SFAS  123R").  SFAS  123R revises FASB Statement No. 123 "Accounting
          for  Stock-Based  Compensation"  and  supersedes  APB  Opinion  No. 25
          "Accounting  for  Stock  Issued  to Employees". SFAS 123R requires all
          public  and non-public companies to measure and recognize compensation
          expense  for  all  stock-based  payments  for services received at the
          grant-date  fair  value,  with  the  cost  recognized over the vesting
          period  (or  the requisite service period). SFAS 123R is effective for
          small  business  issuers  for  all  interim  periods  beginning  after
          December  15,  2005.  As  such, the Company is required to adopt these
          provisions  at the beginning of the fiscal quarter ended May 31, 2006.
          The  Company  has elected early adoption of SFAS 123R to the beginning
          of  the  fiscal  year  ended  August  31,  2005.

                                                                   - continued -


                                      - 7 -
<PAGE>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE C -  EQUITY COMPENSATION PLANS - CONTINUED

          In  March 2005, the SEC issued Staff Accounting Bulletin No. 107 ("SAB
          107"),  to  provide  further guidance regarding the interaction of the
          provisions  of  SFAS  123R  and  certain  SEC  rules  and regulations.

          During  the  period ended February 28, 2005, the Company granted stock
          options  for  225,000,000  shares  of  common  stock  to  employees as
          compensation for services rendered, under the Employee Stock Incentive
          Plan.  In accordance with the provisions of SFAS 123R and SAB 107, the
          Company  has  recognized  compensation  expense  of $69,436 during the
          period  ended  February 28, 2005, for the fair value of the options at
          the date of the grant using an appropriate option-pricing model. As of
          February  28,  2005,  there  were  no  outstanding  options.

          During  the  period  ended  February  28,  2005,  the  Company  issued
          2,500,000  shares  of  common  stock  to  a  consultant  for  services
          rendered,  valued  at  $10,000,  under  the Non-Employee Directors and
          Consultants  Stock  Plan.

NOTE D -  CONSULTING AND ADVISORY AGREEMENTS
          On June 5, 2001, the Company entered into advisory agreements with the
          firms  of  David  Michael  LLC  and  Feng  Shui  Consulting,  Inc.

          In June 2002, David Michael LLC and Feng Shui Consulting, Inc. filed a
          suit  against  the Company for breach of contract. The Company filed a
          counter  claim  and  third  party  complaint  denying  the substantive
          allegations  of  the  complaint  and  asserting breach of contract and
          fraud  in  connection with the transaction. In August 2004, the United
          States  District  Court for the District of Utah dismissed the case in
          its entirety with prejudice, with each party to bear its own costs and
          fees.  As  part  of the dismissal, in September 2004, the Company paid
          $5,000  to  exercise its right to repurchase the 800,000 common shares
          that  were  previously  issued  to  the plaintiffs. As of February 28,
          2005,  the  800,000  shares  have not been received by the Company for
          cancellation,  therefore,  the shares are still recorded as issued and
          outstanding.

          On  January  11, 2002, the Company entered into a financial consulting
          and  investment  banking  agreement  with  Chapman, Spira & Carson LLC
          ("Chapman").  Chapman  cancelled  this  agreement  in  June  2002.

          In  June  2002,  Chapman  made  a  demand  for arbitration through the
          American Arbitration Association as provided in the agreement claiming
          $50,000 in fees, plus nine percent interest, and 200,000 shares of the
          Company's common stock. In February 2003, the judge returned a verdict
          against  Chapman  and awarded the Company approximately $22,000 net of
          any  Company  legal  fees.  The  amount  has  not been recorded in the
          accompanying  consolidated  financial  statements  as  the  Company is
          uncertain  that  the payment will be received. Chapman appealed to the
          New York State Supreme Court in 2004 and this appeal was dismissed. At
          the  present time, Chapman has appealed to the Court of Appeals in New
          York  with  a  preliminary  hearing  being  set  during  2005.

                                                                   - continued -


                                      - 8 -
<PAGE>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE D -  CONSULTING AND ADVISORY AGREEMENTS - CONTINUED

          On  October  1,  2004,  the  Company  entered  into  a  client service
          agreement  with  Alexander  &  Wade,  Inc.  and  Francis  A. Zubrowski
          ("Contractor") for a term of three months. The Contractor is to advise
          and assist in reviewing the Company's customer business portfolios and
          other  business  assets;  to  advise,  assist,  and  provide  business
          contacts  to the Company for possible sale of products; and to advise,
          assist,  and provide business management and infrastructure consulting
          services.  The  Company is to pay a monthly consulting fee of $15,000.
          This  agreement is renewable on a month-to-month basis by agreement of
          both  parties.  On  February 1, 2005, this agreement was renewed for a
          term  of  five  months,  with all other terms and provisions remaining
          unchanged.

          On  January  4,  2005,  the  Company  entered  into  a  client service
          agreement  with  Louis  Shefsky  ("Contractor")  for  a  term of eight
          months.  The  Contractor  is  to assist the Company in identifying and
          researching  potential  acquisitions.  The  Company  is  to  pay  the
          Contractor  $5,000  in  cash  or  free  trading  Company  common stock
          monthly.

NOTE E -  RELATED PARTY TRANSACTIONS
          In  September  2004,  Betty-Ann Harland was appointed CEO and Chair of
          the  Board of Directors of the Company, and received 15,000,000 shares
          of  common  stock  in  consideration for $25,000. In January 2005, the
          15,000,000  common  shares  were  exchanged  for  1,000,000  Class  A
          Preferred  Shares.

          On  October  1,  2004,  the  Company  entered  into  a  client service
          agreement with Ameri-can Equipment Sales & Leasing Inc. ("Ameri-can"),
          a company 100% owned by the spouse of the Company's CEO, for a term of
          three  months. Ameri-can is to advise, assist, and provide support for
          the  restructuring  and re-organization of the Company. The Company is
          to  pay  $150,000  for  these  services,  in  four  monthly  payments
          commencing  in  December  2004.  This  agreement  is  renewable  on  a
          month-to-month  basis by agreement of both parties. As of February 28,
          2005,  this agreement has not been renewed since the expiration of the
          original  term.

NOTE F -  GOING CONCERN
          The Company's consolidated financial statements have been presented on
          the  basis  that  it  is  a  going  concern,  which  contemplates  the
          realization  of  assets  and  the  satisfaction  of liabilities in the
          normal  course  of  business.  The  Company has reported a net loss of
          $683,664  for  the  six  months  ended February 28, 2005. As a result,
          there  is  an  accumulated deficit of $2,694,484 at February 28, 2005.

          The  Company's  continued  existence  is dependent upon its ability to
          raise  capital  or  to  successfully market and sell its products. The
          consolidated  financial statements do not include any adjustments that
          might be necessary should the Company be unable to continue as a going
          concern.


                                      - 9 -
<PAGE>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE G -  RECENTLY ISSUED ACCOUNTING STANDARDS
          In  November  2004,  the Financial Accounting Standards Board ("FASB")
          issued  Statement  of  Financial  Accounting Standard ("SFAS") No. 151
          "Inventory  Costs  -  an  amendment  of  ARB No. 43, Chapter 4" ("SFAS
          151").  This  statement  amends the guidance in ARB No. 43, Chapter 4,
          "Inventory Pricing," to clarify the accounting for abnormal amounts of
          idle  facility  expense,  freight, handling costs, and wasted material
          (spoilage).  SFAS  151  requires  that  those  items  be recognized as
          current-period  charges.  In  addition,  this  Statement requires that
          allocation  of  fixed  production  overheads to costs of conversion be
          based  upon  the  normal  capacity  of  the production facilities. The
          provisions  of SFAS 151 are effective for fiscal years beginning after
          June  15,  2005.  As  such,  the  Company  is  required to adopt these
          provisions  at the beginning of the fiscal year ended August 31, 2006.
          The  Company  is  currently  evaluating  the impact of SFAS 151 on its
          consolidated  financial  statements.

          In  December  2004,  the FASB issued SFAS No. 152 "Accounting for Real
          Estate Time-Sharing Transactions - an amendment of FASB Statements No.
          66  and  67" ("SFAS 152"). This statement amends FASB Statement No. 66
          "Accounting  for  Sales  of  Real  Estate"  to reference the financial
          accounting  and  reporting  guidance  for  real  estate  time-sharing
          transactions  that  is  provided  in  AICPA Statement of Position 04-2
          "Accounting  for  Real Estate Time-Sharing Transactions" ("SOP 04-2").
          SFAS  152  also amends FASB Statement No. 67 "Accounting for Costs and
          Initial  Rental  Operations of Real Estate Projects" to state that the
          guidance  for  incidental  operations  and costs incurred to sell real
          estate  projects  does  not  apply  to  real  estate  time-sharing
          transactions, with the accounting for those operations and costs being
          subject  to  the  guidance in SOP 04-2. The provisions of SFAS 152 are
          effective  in fiscal years beginning after June 15, 2005. As such, the
          Company  is required to adopt these provisions at the beginning of the
          fiscal  year  ended  August  31,  2006. Management does not expect the
          adoption  of  SFAS  152  to have a significant impact on the financial
          position  or  results  of  operations  of  the  Company.

          In  December  2004,  the  FASB  issued  SFAS  No.  153,  "Exchanges of
          Nonmonetary Assets - an amendment of APB Opinion No. 29" ("SFAS 153").
          SFAS  153  replaces  the  exception from fair value measurement in APB
          Opinion  No. 29 for nonmonetary exchanges of similar productive assets
          with  a general exception from fair value measurement for exchanges of
          nonmonetary  assets  that  do  not  have  commercial  substance.  A
          nonmonetary exchange has commercial substance if the future cash flows
          of  the entity are expected to change significantly as a result of the
          exchange.  SFAS  153  is  effective  for all interim periods beginning
          after  June  15, 2005. As such, the Company is required to adopt these
          provisions  at  the beginning of the fiscal quarter ended November 30,
          2005.  The  Company  is currently evaluating the impact of SFAS 153 on
          its  consolidated  financial  statements.


                                     - 10 -
<PAGE>
INTERNATIONAL DEVELOPMENT CORP.
  (FORMERLY OZOLUTIONS INC.) AND SUBSIDIARY
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
================================================================================


NOTE H -  SUBSEQUENT EVENTS
          At  a Board of Directors meeting of the Company held on March 30, 2005
          the  following  resolutions  were  adopted:
          1)   Authorized  an  increase in share capital from 800,000,000 common
               shares  to  1,500,000,000  common  shares.
          2)   Authorized  a  new Series of Class B Preferred Stock, with shares
               carrying  500  to  1  voting  rights  and  no conversion feature.
          3)   Authorized  an  increase  from  500,000,000  common  shares  to
               750,000,000  common  shares  to  be  available under the Employee
               Stock  Incentive  Plan.

          At  a Board of Directors meeting of the Company held on April 13, 2005
          the  following  resolutions  were  adopted:
          1)   Authorized  5,000,000 shares of Class B Preferred Stock available
               for  issuance.
          2)   Authorized  the exchange of 1,000,000 shares of Class A Preferred
               Stock, held by Betty-Ann Harland, for 2,000,000 shares of Class B
               Preferred  Stock.
          3)   Authorized  the appointment of Douglas Robertson and Arthur Kelly
               to  the  Audit  Committee,  with Arthur Kelly as the Chair of the
               Audit  Committee,  and  the  appointment of Douglas Robertson and
               Richard  Proulx  to  the  Compensation  Committee,  with  Douglas
               Robertson  as  the  Chair  of  the  Compensation  Committee.


                                     - 11 -
<PAGE>