UNITED STATES 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 endedSeptember 30, 2005 [
        ]
        TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from_________to__________ Commission file number000-49891 THE ELECTRIC NETWORK.COM, INC.(Exact name of small business issuer as specified in its charter)  Delaware
        
        33-0860242(State or other jurisdiction of incorporation or organization)
        
        (I.R.S. Employer Identification No.)  #1400-1500 West Georgia Street, VancouverBritish Columbia, V6G 2Z6(Address of principal executive offices)  (604) 684-3027(Issuer's telephone number)  n/a(Former name, former address and former fiscal year, if changed since last report)  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.      YesxNo [   ] State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: There were 19,043,000 common shares issued and outstanding as at November 10, 2005. Transitional Small Business Disclosure Format (Check one):
        Yes o
        Nox Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). .  YesxNo o     - 2 -





PART I

Item 1.  Financial Statements

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.






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The Electric Network.com, Inc.

(A Development Stage Company)

Balance Sheets

(Expressed in U.S. dollars)






September 30,2005$
        
        December 31,2004$(unaudited)
        
        (audited)AssetsCurrent AssetsCash
        1,843
        
        111Accounts receivable
        
        
        207Total Assets
        1,843
        
        318Liabilities and Stockholders DeficitCurrent LiabilitiesAccounts payable (Note 3(f))
        14,636
        
        10,102Accrued liabilities (Note 5)
        4,625
        
        7,900Related party advances (Note 3)
        25,100
        
        15,100Total Liabilities
        44,361
        
        33,102Commitments (Note 1)Subsequent Event (Note 6)Stockholders DeficitCommon Stock, 100,000,000 common shares authorized with a par value of $0.001; 19,043,000 and 18,963,000 issued and outstanding, respectively
        19,043
        
        18,963Additional Paid-in Capital
        213,154
        
        193,234Donated Capital (Note 3(d))
        15,400
        
        15,400Deficit Accumulated During the Development Stage
        (290,115)
        
        (260,381)Total Stockholders Deficit
        (42,518)
        
        (32,784)Total Liabilities and Stockholders Deficit
        1,843
        
        318



(The Accompanying Notes are an Integral Part of These Financial Statements)



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The Electric Network.com, Inc.

(A Development Stage Company)

Statement of Operations

(Expressed in U.S. dollars)

(unaudited)






Accumulated fromFebruary 3, 1999
        Three Months Ended
        Nine Months Ended(Date of Inception)
        September 30,
        September 30,to September 30, 2005
        2005
        2004
        2005
        2004$
        $
        $
        $
        $Revenue
        475
        -
        263
        -
        263ExpensesAccounting and audit
        36,179
        1,974
        2,427
        6,057
        6,896Consulting (Note 3(c) and(e))
        136,615
        4,306
        4,968
        13,645
        18,246Donated overhead (Note 3(d))
        5,800
        
        
        
        Donated services (Note 3(d))
        9,600
        
        
        
        Interest (Note 3(b))
        1,125
        125
        125
        375
        375Legal and organizational
        70,536
        2,857
        1,722
        4,951
        33,695Office
        18,341
        1,470
        2,531
        3,960
        7,213Transfer agent
        12,394
        15
        155
        746
        5,503290,590
        10,747
        11,928
        29,734
        71,928Net Loss for the Period
        (290,115)
        (10,747)
        (11,665)
        (29,734)
        (71,665)Net Loss Per Share  Basic and Diluted
        
        
        
        
        Weighted Average Shares Outstanding
        
        19,043,000
        18,870,000
        19,020,000
        18,825,000







(The Accompanying Notes are an Integral Part of These Financial Statements)



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The Electric Network.com, Inc.

(A Development Stage Company)

Statements of Cash Flows

(Expressed in U.S. dollars)

(unaudited)






Nine Months EndedSeptember 30,2005
        2004$
        $Cash Flows to Operating ActivitiesNet Loss for the Period
        (29,734)
        (71,665)Adjustments to reconcile net loss to cashExpenses settled with issuance of stock
        
        6,667Changes in operating assets and liabilitiesDecrease (increase) in accounts receivable
        207
        (263)Increase (decrease) in accounts payable and accrued liabilities
        1,259
        (6,102)Net Cash Used in Operating Activities
        (28,268)
        (71,363)Cash Flows From Financing ActivitiesProceeds from related party advances
        10,000
        Proceeds from issuance of shares, net of offering costs
        20,000
        39,500Net Cash Provided by Financing Activities
        30,000
        39,500Increase (Decrease) in Cash
        1,732
        (31,863)Cash  Beginning of Period
        111
        32,281Cash  End of Period
        1,843
        418Non-Cash Financing and Investing ActivitiesCommon shares issued on settlement of expenses
        
        6,667Supplemental DisclosuresInterest paid
        
        Income tax paid
        
        

(The Accompanying Notes are an Integral Part of These Financial Statements)



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The Electric Network.com, Inc.

(A Development Stage Company)

Notes to the Financial Statements

(Expressed in U.S. dollars)

(unaudited)






1.
        Development Stage CompanyThe Electric Network.com, Inc. herein (the Company) was incorporated in the State of Nevada, U.S.A. on February 3, 1999. Effective March 31, 2004, the Company changed the state of domicile to Delaware. The change of domicile was effected through the merger of The Electric Network.com, Inc., a Nevada corporation, with and into The Electric Network.com, Inc., a Delaware corporation that had been formed specifically for this purpose. Prior to the merger, the surviving Delaware corporation was a wholly-owned subsidiary of the Nevada corporation.

The Company is based in Vancouver, British Columbia. During the 2004 year, the Company commenced a preliminary launch of its online Internet Web Site on which users can browse through listed items in a fully automated, topically arranged, online service provided on a twenty-four hours a day, seven days a week basis. The Company generates revenue from the operation of its online auction by charging nominal listing fees to users that post items on the website. During this preliminary launch, over fifty users registered as members.

Although the Company generated nominal revenue during the 2004 year, there is no guarantee that revenue will significantly increase in the future. The Company is dependent upon its successful efforts to raise additional equity financing and/or attain profitable operations. There is no guarantee that the Company will be able to raise any equity financing or sell any of its products and services at a profit. These factors raise substantial doubt regarding the Companys ability to continue as a going concern.

The Company filed an SB-2 Registration Statement with the United States Securities and Exchange Commission (SEC) which was declared effective July 1, 2004. The Company registered 8,213,000 common shares by selling shareholders and planned to sell up to 500,000 common shares at $0.25 per share. On September 14, 2004, the Company issued 160,000 shares of common stock at $0.25 per share for cash proceeds of $39,500, net of offering costs.

In March 2005, the Company issued 80,000 shares of common stock at $0.25 per share for cash proceeds of $20,000. The Company is listed on the OTC-BB under the trading symbol ETNW.






2.
        Summary of Significant Accounting Policies(a)
        Year EndThe Companys fiscal year end is December 31.(b)
        Cash and Cash EquivalentsThe Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.


(c)
        Use of EstimatesThe preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the periods. Actual results could differ from those estimates.


(d)
        Comprehensive LossThe Company applies SFAS No. 130 Reporting Comprehensive Income. As at September 30, 2005 and 2004, the company has no items that represent comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.




(The Accompanying Notes are an Integral Part of These Financial Statements)



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The Electric Network.com, Inc.

(A Development Stage Company)

Notes to the Financial Statements

(Expressed in U.S. dollars)

(unaudited)






2.
        Summary of Significant Accounting Policies (continued)(e)
        Fair Value of Financial InstrumentsThe carrying amounts of the Companys financial instruments, which include cash, accounts receivable, accounts payable, accrued liabilities and related party advances, approximate their fair value.


(f)
        Net Loss Per ShareThe Company computes net loss per share in accordance with SFAS No. 128, Earning per Share (SFAS 128). SFAS 128 requires presentation of both basic and diluted net loss per share (EPS) on the face of the income statement. Basic net loss per share is computed by dividing the net loss for the period     by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of shares of common stock and potential common stock outstanding during the period, if dilutive.


(g)
        Revenue RecognitionThe Company receives and recognizes revenue as users post items for sale and also when items are purchased on the website. Users will be obligated to pay a listing fee for their items to be placed in the auction directory. This fee is determined by the price of the item with a larger priced item reflecting a larger listing fee. When an item is sold through the auction website, the buyer must pay a premium in the form of a percentage of the final sale, with a higher percentage charged for higher priced items.

The listing fee and commission revenue is recognized in the period the fee or commission is earned. Although the Company has not generated any revenue from the final value fee, the Company has recognized revenue from listing fees. The Company does not expect difficulty collecting accounts receivable as amounts are to be received from PayPal.


(h)
        Stock-Based CompensationThe Company does not have a stock option plan, however, issues stock to non-employees for services.  The company accounts for stock issued for services to non-employees in accordance with SFAS No. 123 Accounting for Stock-Based Compensation. Compensation expense is based on the fair market value of the stock award or fair market value of the good and services received whichever is more reliably measurable.


(i)
        Interim Financial StatementsThe interim unaudited financial statements for the nine months ended September 30, 2005 and 2004 have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Companys financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.




(The Accompanying Notes are an Integral Part of These Financial Statements)



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The Electric Network.com, Inc.

(A Development Stage Company)

Notes to the Financial Statements

(Expressed in U.S. dollars)

(unaudited)






2.
        Summary of Significant Accounting Policies (continued)(j)
        Recent Accounting PronouncementsIn May 2005, the Financial Accounting Standards Board (FASB) issued SFAS No. 154, Accounting Changes and Error Corrections  A Replacement of APB Opinion No. 20 and SFAS No. 3. SFAS 154 changes the requirements for the accounting for and reporting of a change in accounting principle and applies to all voluntary changes in accounting principle. It also applies to changes required by an accounting pronouncement in the unusual instance that the pronouncement does not include specific transition provisions. SFAS 154 requires retrospective application to prior periods financial statements of changes in accounting principle, unless it is impracticable to determine either the period-specific effects or the cumulative effect of the change. The provisions of SFAS No. 154 are effective for accounting changes and correction of errors made in fiscal years beginning after December
15, 2005. The adoption of this standard is not expected to have a material effect on the Companys results of operations or financial position.

In March 2005, the SEC staff issued Staff Accounting Bulletin No. 107 (SAB No. 107) to give guidance on the implementation of SFAS 123R. The Company will consider SAB No. 107 during implementation of SFAS 123R.

In December 2004, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard (SFAS) No. 123R, Share Based Payment. SFAS 123R is a revision of SFAS No. 123 Accounting for Stock-Based Compensation, and supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees and its related implementation guidance. SFAS 123R establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entitys equity instruments or that may be settled by the issuance of those equity
instruments. SFAS 123R focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. SFAS 123R does not change the accounting guidance for share-based payment transactions with parties other than employees provided in SFAS 123 as originally issued and Emerging Issues Task Force Issue No. 96-18, Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services.  SFAS 123R does not address the accounting for employee share ownership plans, which are subject to AICPA Statement of Position 93-6, Employers Accounting for Employee Stock Ownership Plans.  SFAS 123R requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value
of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award  the requisite service period (usually the vesting period). SFAS 123R requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The scope of SFAS 123R includes a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. Public entities (other than those filing as small business issuers) will be required to apply SFAS 123R as of the first interim or annual reporting period that begins after June 15, 2005. Public entities that file as small business issuers will be required to apply SFAS 123R in the first interim or annual
reporting period that begins after December 15, 2005. For nonpublic entities, SFAS 123R must be applied as of the beginning of the first annual reporting period beginning after December 15, 2005. The adoption of this standard is not expected to have a material effect on the Companys results of operations or financial position.




(The Accompanying Notes are an Integral Part of These Financial Statements)



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The Electric Network.com, Inc.

(A Development Stage Company)

Notes to the Financial Statements

(Expressed in U.S. dollars)

(unaudited)






2.
        Summary of Significant Accounting Policies (continued)(j)
        Recent Accounting Pronouncements (continued)In December 2004, FASB issued SFAS No. 153, Exchanges of Nonmonetary Assets - An Amendment of APB Opinion No. 29. The guidance in APB Opinion No. 29, Accounting for Nonmonetary Transactions, is based on the principle that exchanges of nonmonetary assets should be measured based on the fair value of the assets exchanged. The guidance in that Opinion, however, included certain exceptions to that principle.  SFAS No. 153 amends Opinion No. 29 to eliminate the exception for nonmonetary exchanges of similar productive assets and replaces it with a general exception 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.  The provisions of SFAS No. 153 are effective for nonmonetary asset exchanges occurring in fiscal periods beginning after June 15, 2005. Early application is permitted and companies must apply the standard prospectively. The adoption of this standard is not expected to have a material effect on the Companys results of operations or financial position.






3.
        Related Party Transactions/Balances(a)
        Related party advances include $5,100 due to Stephen Hanson, a former President of the Company. This advance is unsecured, non-interest bearing and payable on demand.(b)
        A company controlled by Stephen Hanson, a former President of the Company, advanced $10,000 during fiscal 2003. This amount is unsecured, bears non-compounded interest of 5% per annum and is due on demand. Interest expense of $375 was charged to operations during the period ended September 30, 2005 (2004: $375).(c)
        Consulting expense for the period ended September 30, 2005 includes $nil (2004: $6,667) of stock-based compensation related to the Companys issuance of common stock to Stephen Hanson, a former President, and also to a related party of the Company for consulting services (refer to Note 4(a)).(d)
        The business plan the Company currently intends to exploit was developed by Stephen Hanson, a former President, on behalf of the Company. There was no charge to the Company for these services valued at $200 per month. The donated services were discontinued effective February 1, 2003 since common shares were issued as compensation (refer to Note 4(a)).(e)
        From February 2004 until his departure, Brad W. Rudover, a former President of the Company, received $1,000 per month for consulting services rendered.(f)
        Accounts payable includes an amount of $7,936 (December 31, 2004: $3,368) owing to Brad W. Rudover, a former President of the Company. For the nine months ended September 30, 2005 this related party was paid $2,881 (2004: $1,315) for expenses incurred on behalf of the Company.(g)
        John E. Veltheer, the President of the Company, advanced $10,000 during the current quarter.  The advance is unsecured, non-interest bearing and payable on demand.



(The Accompanying Notes are an Integral Part of These Financial Statements)



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The Electric Network.com, Inc.

(A Development Stage Company)

Notes to the Financial Statements

(Expressed in U.S. dollars)

(unaudited)






4.
        Common Stock(a)
        The Board of Directors approved the issuance of 8,000,000 common shares for consulting services provided by Stephen Hanson, the Companys former President and a related party. The consulting services, with a fair value of $80,000, were provided for a term of 12 months from February 1, 2003 through January 31, 2004. The Company recorded $6,667 of stock-based compensation expense related to this issuance for the nine-month period ended September 30, 2004.(b)
        On September 14, 2004, the Company issued 160,000 common shares at $0.25 per share for cash proceeds of $39,500, net of offering costs of $500.(c)
        In March 2005 the Company issued 80,000 restricted common shares pursuant to a private placement at $0.25 per share for cash proceeds of $20,000.




5.
        Accrued LiabilitiesThe amount accrued at September 30, 2005 relates to $3,500 in professional fees and $1,125 in accrued interest expense. Accrued liabilities as of December 31, 2004 relates to $7,150 in professional fees and $750 in accrued interest expense.






6.
        Subsequent EventOn November 8, 2005, the Company had a management change and the new President and director of the Company agreed to loan $10,000 to the Company.  The loan is unsecured, bears interest at 12% per annum, and is due on November 8, 2006.






(The Accompanying Notes are an Integral Part of These Financial Statements)



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Item 2.
        Management's Discussion and Analysis and Plan of Operation.FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  These statements relate to future events or our future financial performance.  In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology.  These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.  Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.  In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars.  All references to "common shares" refer to the common shares in our capital stock.

As used in this quarterly report, the terms "we", "us", "our", and "Electric Network" means Electric Network.com, Inc., unless otherwise indicated.

General

We were incorporated in Nevada on February 3, 1999.  Effective March 31, 2004, we changed our state of domicile to Delaware.  Our change of domicile was effected through the merger of The Electric Network.com, Inc., a Nevada corporation, with and into The Electric Network.com, Inc., a Delaware corporation that was formed specifically for this purpose and which, prior to the merger, was the wholly-owned subsidiary of the Nevada corporation.  The Delaware corporation was the surviving corporation in this merger.

Our principal executive office is located at Suite 1400-1500 West Georgia Street, Vancouver, British Columbia, Canada  V6G 2Z6.  The telephone number of our principal executive office is (604) 684-3027.

Our Current Business

Our principal business activity consists of the operation of an Internet based auction website over which users can advertise and buy and sell goods and services for a fee.

We operate our business through our server, which is co-located in the offices of Binary Environments Ltd., a Vancouver, B.C. based company that specializes in server co-location and web hosting over their T1 connection.  "Co-location" is the term used to describe the placement of a customer's equipment in an organization's facility and, in our case, it means simply that Binary Environments Ltd. keeps and maintains our server, and our connection to the Internet, at their business premises.  A T1 connection is a telephone connection capable of transmitting 1.544 Mbps of voice and data, which we believe is adequate for our planned operations.  We have a month to month agreement with Binary Environments Ltd. pursuant to which our company has agreed to pay to Binary Environments Ltd. a monthly payment of $85 (Cdn) in consideration of their hosting our server on their T1 connection.

We purchased PHP XL auction software from PHP Auction for $411.  This software, which we have installed and configured on our server, enables our users to advertise on our website and post, browse for and bid on items for sale or exchange.





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Plan of Operation

Our principal business activity consists of the operation of an Internet based auction website over which users can advertise and buy and sell goods and services for a fee.  We commenced our soft launch during the period ended September 30, 2004.  We intended to limit our operations to a "friends and family" soft launch while we marketed our website and raised brand awareness among local residents and businesses in Vancouver, B.C., but a lack of operating funds has prevented us from implementing an effective marketing campaign.  As a result of our limited marketing efforts, we have not yet been able to attract the volume of users necessary to be successful in the online auction business.

We intend to continue to market primarily through direct email marketing.  Direct email marketing campaigns send targeted direct email to recipients on opt-in email lists maintained by online communities, of which there are several in the Vancouver, B.C. area.  The average cost per campaign is approximately $2,500 and we believe that these campaigns will provide us with a cost effective means of reaching our target market.  We plan to conduct two of these direct email marketing campaigns within the next three to six months along with other marketing tools to drive traffic to our website.

We believe that we will need to advertise our website, our products and our services in the Vancouver area to attract users as we ramp up operations into our full launch but we appreciate that our advertising budget will not permit extensive or expensive methods of advertising.  We intend to focus our advertising efforts on online advertising campaigns with 24/7 Canada, Inc., a subsidiary of 24/7 Real Media, Inc.  24/7 Canada Inc. uses permission based email and segmented and targeted website advertising based on targeted location, and is capable of targeting users by language, age, time of day and interest.  We believe that using 24/7 Canada Inc. as an advertising medium will permit our company to present to our target audience (Vancouver area residents and businesses).  We have budgeted approximately $5,000 for advertising over the next 12 months.

Over the past year it has become increasingly clear to us that we were not having much success in pursuing our business plan.  We believe that this was primarily due to the inability of Brad Rudover, our past President, to source adequate financing to support the implementation of our business plan.  Recently, Mr. Rudover concluded that it would be in the best interest of our company and its shareholders if he were to step aside in favour of a public company veteran with a strong track record of fundraising and business model execution who might be better qualified to create shareholder value for us.

On November 8, 2005, we joined in a share purchase agreement between Mr. Brad W. Rudover and Dr. John Veltheer in order to evidence our consent to the sale of Mr. Rudovers shares to Dr. Veltheer.  In the share purchase agreement, Mr. Rudover agreed to resign from his office of President of our company and from his seat on our Board of Directors in order to make way for Dr. Veltheers appointment to our Board of Directors and as our President.  Pursuant to the agreement, John Veltheer purchased all 4,500,000 shares of our common stock that were owned by Brad W. Rudover on November 8, 2005.

Also on November 8, 2005, Dr. Veltheer agreed to loan $10,000 to our company by way of an unsecured simple demand promissory note that will mature on November 8, 2006, Brad W. Rudover resigned as our president and a member of our board of directors and Dr. John E. Veltheer was appointed as our new president and a member of our board of directors.

Dr. Veltheer has had experience at the executive level of a number of public and private companies over the past eight years, including both established businesses and start-up adventures.  He is also familiar with the regulatory compliance and corporate governance requirements imposed by the Securities and Exchange Commission.

Dr. Veltheer received his B.Sc. (Honours) from Queens University in 1988 and his Ph.D. from the University of British Columbia in 1993.

We have agreed to pay to Dr. Veltheer a nominal salary of $2,000 per month commencing November 8, 2005.  Dr. Veltheer has not yet had an opportunity to review the current state of our business in sufficient detail to provide too much guidance at this time.  However, Dr. Veltheer has expressed a commitment to evaluate our business and our financing prospects in short order.  Dr. Veltheer intends to utilize his experience and hire appropriate consultants to aid him in evaluating our business plan, for which we have budgeted approximately $20,000 over the next 12



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months.  Dr. Veltheer also supports our recent decision to seek additional business opportunities in an effort to generate revenues from more than one source.  As such, we intend to continue to develop our current business under Dr. Veltheers guidance and we will continue to look for additional business opportunities.  In addition to assessing our business development, marketing and advertising needs, Dr. Veltheer will ensure that Binary Environments Ltd. continues to maintain our server, website and Internet connection.

Our Chief Financial Officer, J. David Brow, will continue to consult for our company on an uncompensated as-needed basis during the next few fiscal periods.  Mr. Brow, who is currently Regional Manager for the Americas' Retail and Electronic Sales Distribution Channels for Symantec Corporation's Enterprise Administration Business Unit, has extensive experience with online sales and marketing strategies and he will provide Dr. Veltheer with insight into establishing procedures, strategies and business development.

We have always believed that it would take time to grow our business and we have experienced more difficulty in this regard than we had originally anticipated.

Dr. Veltheer also supports our recent decision to seek additional business opportunities in an effort to generate revenues from more than one source.  We intend to continue to develop our current business and we will continue to look for additional business opportunities that will complement, rather than replace, our current business.

Purchase or Sale of Equipment

In the future, if we are generating revenue we anticipate purchasing an Apple iBook G4 notebook computer. Macintosh has become the standard for graphics editing and we believe this will allow us to improve the appearance of our website and any auction items listed on it.  Along with graphics this notebook will also act as a database in which we can store all user and transaction information.  As a development company with limited resources we will rely on our ability to generate revenue prior to making this purchase.

Personnel

As of November 10, 2005, our Chief Executive Officer, John E. Veltheer, and our Chief Financial Officer, J. David Brow, consult for our company and we do not have any employees.  Both Dr. Veltheer and Mr. Brow handle all of the responsibilities in the area of corporate administration, business development and research.  We do not currently have or plan to add any other employees or consultants during the next twelve months.

In addition to the costs of our operations outlined above, we expect to incur administrative and professional charges associated with preparing, reviewing, auditing and filing our financial statements and our periodic and other disclosure documents.  For the 12 months ending September 30, 2006, we have budgeted $35,000 for accountants and lawyers fees for our periodic filing requirements, and an additional $15,000 for miscellaneous office and filing fees and expenses.

Research and Development

As we are currently in the process of developing our business, we do not plan to spend any time or money on research and development of additional products during the next 12 months.  In addition, we do not anticipate that we will implement any formal research and development effort.  We anticipate that we will constantly research our competitors' products and services and that this effort will result in constant improvement of our own website and product offerings.  We anticipate that Dr. Veltheer, our President, will perform these services for us in the normal course of performing his consulting duties, and we have not budgeted any additional funds for this purpose.

Going Concern

We incurred a loss of $(29,734) for the nine months ended September 30, 2005, and we have incurred an aggregate deficit since inception of $(290,115).  At September 30, 2005, we had $1,843 in cash, $14,636 in accounts payable and total liabilities of $44,361.  As we have only recently commenced operations, we have only generated nominal revenues and there can be no assurance that we can generate any significant revenues from operations.Our management believes that our company cannot sustain its operations from existing working capital and operations



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over the next 12 months.  Therefore, we believe that the only source of funds available to us to finance our operating and capital requirements will be to raise capital as needed on a private placement basis.  We estimate that we will need $100,000 to satisfy our cash requirements for the next twelve months.

The financial statements included with this quarterly report have been prepared on the going concern basis which assumes that adequate sources of financing will be obtained as required and that our assets will be realized and liabilities settled in the ordinary course of business.  Accordingly, the audited financial statements do not include any adjustments related to the recoverability of assets and classification of assets and liabilities that might be necessary should we be unable to continue as a going concern.

In order to continue as a going concern, we require additional financing.  There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms.

Due to the uncertainty of our ability to meet our current operating and capital expenses, in their report on the consolidated financial statements for the year ended December 31, 2004, our independent auditors included an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern.  Our financial statements contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

Recently Issued Accounting Standards

In December 2004, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard (SFAS) No. 123R, Share Based Payment. SFAS 123R is a revision of SFAS No. 123 Accounting for Stock-Based Compensation, and supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees and its related implementation guidance. SFAS 123R establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entitys equity instruments or that may be settled by the issuance of those equity instruments. SFAS
123R focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. SFAS 123R does not change the accounting guidance for share-based payment transactions with parties other than employees provided in SFAS 123 as originally issued and Emerging Issues Task Force Issue No. 96-18, Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services.  SFAS 123R does not address the accounting for employee share ownership plans, which are subject to AICPA Statement of Position 93-6, Employers Accounting for Employee Stock Ownership Plans.  SFAS 123R requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with
limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award  the requisite service period (usually the vesting period). SFAS 123R requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The scope of SFAS 123R includes a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. Public entities (other than those filing as small business issuers) will be required to apply SFAS 123R as of the first interim or annual reporting period that begins after June 15, 2005. Public entities that file as small business issuers will be required to apply SFAS 123R in the first interim or annual reporting period that
begins after December 15, 2005. For non-public entities, SFAS 123R must be applied as of the beginning of the first annual reporting period beginning after December 15, 2005. The adoption of this standard is not expected to have a material effect on the Companys results of operations or financial position.

In December 2004, FASB issued SFAS No. 153, Exchanges of Nonmonetary Assets - An Amendment of APB Opinion No. 29. The guidance in APB Opinion No. 29, Accounting for Nonmonetary Transactions, is based on the principle that exchanges of nonmonetary assets should be measured based on the fair value of the assets exchanged. The guidance in that Opinion, however, included certain exceptions to that principle.  SFAS No. 153 amends Opinion No. 29 to eliminate the exception for nonmonetary exchanges of similar productive assets and replaces it with a general exception 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.  The provisions of SFAS No. 153 are effective for nonmonetary asset



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exchanges occurring in fiscal periods beginning after June 15, 2005. Early application is permitted and companies must apply the standard prospectively. The adoption of this standard is not expected to have a material effect on the Companys results of operations or financial position.

In March, 2005, the Securities and Exchange Commission staff issued Staff Accounting Bulletin No. 107 (SAB No. 107) to give guidance on the implementation of SFAS 123R.  The Company will consider SAB No. 107 during implementation of SFAS 123R.

In May 2005, the Financial Accounting Standards Board (FASB) issued SFAS No. 154, Accounting Changes and Error Corrections  A Replacement of APB Opinion No. 20 and SFAS No. 3. SFAS 154 changes the requirements for the accounting for and reporting of a change in accounting principle and applies to all voluntary changes in accounting principle.  It also applies to changes required by an accounting pronouncement in the unusual instance that the pronouncement does not include specific transition provisions. SFAS 154 requires retrospective application to prior periods financial statements of changes in accounting principle, unless it is impracticable to determine either the period-specific effects or the cumulative effect of the change.  The provisions of SFAS No. 154 are effective for accounting changes and correction of errors made in fiscal years beginning after December 15, 2005. The
adoption of this standard is not expected to have a material effect on our results of operations or financial position.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

We receive and recognize revenue as users post items for sale and also when items are purchased on the website. Users will be obligated to pay a listing fee for their items to be placed in the auction directory. This fee is determined by the price of the item with a larger priced item reflecting a larger listing fee. When an item is sold through the auction website, the buyer must pay a premium in the form of a percentage of the final sale, with a higher percentage charged for higher priced items.

The listing fee and commission revenue is recognized in the period the fee or commission is earned.  Although we have not generated any revenue from the final value fee, we have recognized revenue from listing fees. We do not expect difficulty collecting accounts receivable as amounts are to be received from PayPal.

We do not have a stock option plan, however, we do issue stock to non-employees for services.  We account for stock issued for services to non-employees in accordance with SFAS No. 123 Accounting for Stock-Based Compensation. Compensation expense is based on the fair market value of the stock award or fair market value of the good and services received whichever is more reliably measurable.

RISK FACTORS

Much of the information included in this quarterly report includes or is based upon estimates, projections or other "forward-looking statements".  Such forward-looking statements include any projections or estimates made by us and our management in connection with our business operations.  While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggested herein.  We undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements.

Such estimates, projections or other "forward-looking statements" involve various risks and uncertainties as outlined below.  We caution readers of this quarterly report that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other "forward-looking statements".  In evaluating us, our business and any investment in our business, readers should carefully consider the following factors.

Our company is in the early development stage. The fact that we have only generated nominal revenues since our incorporation raises substantial doubt about our ability to continue as a going concern, as indicated in our independent auditors' opinion given in connection with our audited financial statements for the year ended December 31, 2004 and in the notes to the financial statements included with our annual report on Form 10-KSB.





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Our company is in the early development stage.  We have only generated nominal revenues since we were incorporated on February 3, 1999.  We incurred a loss of $(29,734) for the nine months ended September 30, 2005 and we have an accumulated deficit of $(290,115) from the date of our incorporation on February 3, 1999 through the period ending September 30, 2005.  We anticipate that we will operate in a deficit position for the foreseeable future.  We will require additional financing in order to fund our marketing efforts and our monthly overhead.  To date, our primary source of funds has been the sale of our common stock but there can be no assurance that we will be able to raise additional working capital through the sale of our common stock or through any other means.  If we cannot raise the working capital required for the development of our business, our business will fail.  These circumstances raise
substantial doubt about our ability to continue as a going concern as expressed in an explanatory note that forms part of our independent auditors' report on our financial statements for the year ending December 31, 2004 and is included in the notes to the financial statements included with our annual report on Form 10-KSB.

There is currently no public market for shares of our common stock, which will make it difficult for you to sell your shares.  If you cannot sell your shares, you may lose all of your investment.

There is no public market for our common stock and we can give no assurance that one will develop or be sustained.  Although our common stock received approval for quotation on the National Association of Securities Dealers Inc.'s OTC Bulletin Board on November 23, 2004 under the symbol ETNW, it has not yet traded.  We cannot provide any assurance that our common stock will be traded on the OTC Bulletin Board or, if traded, that a public market for our common stock will develop.  If a public market for our common stock does not develop, then you may not be able to resell your shares of our common stock and you may lose all of your investment.

Even if a significant market for our common shares should develop, the market price for our common shares may be significantly affected by the current stage of our business and our lack of any more than nominal operating revenues and our financial and operations results from time-to-time.  Further, equity markets in general and the OTC Bulletin Board in particular can experience extreme volatility that can affect the market price of equity securities in ways that are often unrelated or disproportionate to the operating performance of the issuer companies.  You should not invest in our company unless you are prepared to hold onto your securities for a significant period of time.

Our directors and officers are engaged in other full-time business activities and they may not devote sufficient time to our business, which could have an adverse effect on our ability to conduct operations and generate revenues.

Our directors and officers are involved in other business activities.  John E. Veltheer, our President, Chief Executive Officer and one of our directors is employed full time by Vecten Corporation, a startup private equity fund, and J. David Brow, our Treasurer, Chief Financial Officer, Corporate Secretary and one of our directors is employed full time as a Regional Manager for Symantec Corporation.  As a result, our directors and officers may not be able to devote sufficient time to our business affairs, which may negatively affect our ability to market our proposed business and conduct both our current and our proposed operations.

Because our officers, directors and principal shareholders control a majority of our common stock, investors will have little or no control over our management or other matters requiring shareholder approval.

Our officers and directors and their affiliates, in the aggregate, beneficially own 44.7% of the issued and outstanding shares of our common stock.  As a result, they have the ability to control matters affecting minority shareholders, including the election of our directors, the acquisition or disposition of our assets, and the future issuance of our shares.  Because our officers, directors and principal shareholders control the company, investors will not be able to replace our management if they disagree with the way our business is being run.  Because control by these insiders could result in management making decisions that are in the best interest of those insiders and not in the best interest of the investors, you may lose some or all of the value of your investment in our common stock.

We rely on third parties to ensure that our website and our software are operating properly.  If our website or our software fail to operate properly and these third parties fail to perform as expected, our website will not operate as intended and our business will be adversely affected.

We rely on contractors to correct errors in our software and make changes to our auction website in a timely manner.  These contractors may be unable or unwilling to correct problems with our software or website in a timely manner.  If we experience technical problems with our software or our website, or if we lose our connection to the Internet,



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and these problems are not corrected immediately, our service could be adversely affected.  We have already experienced periodic system interruptions and we believe that these will continue to occur from time to time.  These outages have stemmed from a variety of causes, including third-party hardware and software problems and human error.  If our users become frustrated with our level of service, they may switch to a competitor's service.  If any of these events occur, our business could be adversely affected.

In addition, we may add new features and functionality to our services that may result in the need to develop or license additional technologies.  If we are unable to add additional software and/or hardware or upgrade our technology, transaction processing systems or network infrastructure to accommodate increased traffic or transaction volume, our business could suffer adverse consequences including unanticipated system disruptions, slower response times, degradation in levels of customer support, impaired quality of the users' experience on its service and delays in reporting accurate financial information.  These consequences could harm or limit our ability to expand our business.

Competition is strong in the market for online exchanges of goods and services.  If we cannot compete in this market, our ability to earn revenues will be limited and our business may fail.

The market for online exchanges of goods and services is highly competitive and consists of a number of established companies.  We compete for Internet users that currently are familiar with more established online auction sites, such as eBay, uBid.com, Yahoo! Auctions, Winebid.com, Golfclubexchange.com, Monster.com and others who have more financial resources, operating experience and brand awareness among Internet users than we have.  This industry is also highly fragmented, and is subject to rapidly changing consumer demands and preferences.

The online auction industry requires that a marketer recognize trends and adequately provide services to meet such trends.  To compete effectively, our services have to be competitive in terms of quality, price, service, style and, with respect to branded product lines, consumer recognition.  We believe that our success depends in large part upon our ability to anticipate, gauge and respond to changing consumer demands in a timely manner, generating brand awareness.  If we do not generate sufficient brand awareness, or if we cannot anticipate, gauge and respond to consumer demands, we will not be able to compete in this industry and our ability to earn revenues will be harmed.

In addition, the widespread adoption of new Internet, networking or telecommunications technologies or other technological changes could require substantial expenditures by our company to modify or adapt our services or infrastructure.  If we cannot raise the money required to effect these changes, we will not be able to compete with other businesses engaged in the Internet auction business that are able to effect these changes.

If we are unable to protect our intellectual property, our efforts to create and thereafter to increase public recognition of our brand may be impaired.

We currently hold the Internet domain name "www.electricnetwork.com".  The acquisition and maintenance of domain names generally is regulated by governmental agencies and their designees.  The regulation of domain names in the United States and Canada, as well as in other foreign countries, is subject to change.  As a result, we may be unable to acquire or maintain relevant domain names in all countries where we intend to do business.  This could impair our efforts to build brand recognition and increase traffic to our website.  In addition, we may be unable to prevent third parties from acquiring domain names that are similar to, infringe upon or otherwise decrease the value of our domain name.

We have applied for trademark registration with the United States Patent and Trademark Office of the mark "The Electricnetwork.com" for use in conjunction with our website.  Our application for trademark registration has been granted, and the trademark was registered on June 22, 2004.  We have not applied for similar trademark registration in Canada or in any other country.  If we cannot protect our trademark in Canada or in other countries where we propose to do business, we would either need to expend resources to defend that use, or identify another name to use, and change our domain name and other materials to conform to that new name.  In such an event, our efforts to build brand awareness and attract traffic to our website would be adversely affected.





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Government regulation of the Internet could have adverse impacts on our business.

The applicability to the Internet of existing laws governing taxation of products and services sold over the Internet, the protection of intellectual property, user privacy, pricing, content, distribution, antitrust and the quality of products and services is rapidly evolving.  The application of these laws to the Internet and the adoption of new laws or regulations pertaining to these matters could reduce the rate of growth of the Internet.  If these regulations make the operation of a website such as ours more expensive than we anticipate, or more unwieldy than potential bidders and sellers are willing to tolerate, then these regulations could potentially decrease the usage of our website and could otherwise harm our business.

We may be required to expend resources defending our reputation or assets from liability for claims arising from users listing for sale items that it is unlawful to list.

Laws relating to the liability of providers of online services for the activities of their users on their service is currently unsettled.  We are aware that certain goods, such as firearms, other weapons, adult material, tobacco products, alcohol and other goods that may be subject to regulation by local, state or federal authorities, may be listed and traded on our website.  We may be unable to prevent the sale of unlawful goods, or the sale of goods in an unlawful manner, by users of our website and we may be subject to civil or criminal liability for unlawful activities carried out by users through its service.  Any costs incurred as a result of liability or asserted liability relating to the sale of unlawful goods or the unlawful sale of goods could harm our business.

Fraudulent activities by persons using our website could harm our reputation and our business.

Our success will depend largely upon sellers reliably delivering and accurately representing their listed goods and buyers paying the agreed purchase price.  We will not take responsibility for delivery of payment or goods to any buyer or seller but we anticipate that we may receive communications from users who did not receive the purchase price or the goods that were to have been exchanged.  While we anticipate that we will be able suspend the accounts of users who fail to fulfil their obligations to other users, we will not have the ability to otherwise require users to make payments or deliver goods.  We may also periodically receive complaints from buyers as to the quality of the goods purchased. Any negative publicity generated as a result of fraudulent or deceptive conduct by users of our website could damage our reputation and diminish the value of our brand.  We may in the future receive additional
requests from users requesting reimbursement or threatening legal action against us if no reimbursement is made.  Any resulting litigation could be costly for our company, divert management attention, result in increased costs of doing business, lead to adverse judgments or could otherwise harm our reputation and our business.

We depend on the continued growth of online commerce.

The business of selling goods over the Internet, particularly through online trading, is dynamic and relatively new. Acceptance of and growth in use of the Internet as a medium for consumer commerce may not continue.  Concerns about fraud, privacy, and other problems may discourage additional consumers from adopting the Internet as a medium of commerce.  In particular, our website will require users to make publicly available personal information that some potential users may be unwilling to provide. These concerns may increase if and as additional publicity over privacy issues over the Internet increases.  Market acceptance for recently introduced services and products over the Internet is highly uncertain, and there are few proven services and products.  In order to build and continuously expand our user base, we must appeal to and acquire consumers who historically have used traditional means of commerce
to purchase goods.  If these consumers prove to be less active than we anticipate, and we are unable to establish efficiencies in our operating costs, including our cost of acquiring and retaining customers, our business could be adversely impacted.

Because we can issue additional common shares, and there is a substantial likelihood that we will do so in order to finance the completion of our website, our marketing and our monthly operations requirements, purchasers of our common stock may suffer immediate dilution of their interest in our company.

The most likely source of future funds presently available to us is through the sale of equity.  Any sale of our shares will result in dilution to existing shareholders.  Furthermore, there is no assurance that we will not incur debt in the future, that we will have sufficient funds to repay our future indebtedness or that we will not default on our future debts, jeopardising our business viability.  Finally, we may not be able to borrow or raise additional capital in the



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future to meet our needs or to otherwise provide the capital necessary to conduct business and explore our properties, which might result in the loss of some or all of your investment in our common stock.

Because some of our officers and directors are located in non-U.S. jurisdictions, you may have no effective recourse against the management for misconduct and may not be able to enforce judgement and civil liabilities against our officers, directors, experts and agents.

1.Our President is a resident of Canada, and all or a substantial portion of our assets and those of our President are located outside the United States. As a result, it may be difficult for investors to enforce within the United States any judgments obtained against our company, our officers or directors, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state thereof.

Trading of our common stock may be restricted by the Securities and Exchange Commission's penny stock regulations, which may limit the development of a liquid public market for our common stock and may limit a shareholder's ability to buy and sell our common stock.

2.Shares of our common stock are subject to rules adopted by the Securities and Exchange Commission that regulate broker-dealer practices in connection with transactions in "penny stocks".  "Penny stock" is defined to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions.  If we establish a trading market for our common stock, our common stock will most likely be covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and "accredited investors."  The term "accredited investor" refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income
exceeding $200,000 or $300,000 jointly with their spouse.  The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC which provides information about penny stocks and the nature and level of risks in the penny stock market.  The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer's account.  The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer's confirmation.  In addition, the penny stock rules require that prior to a
transaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction.  These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules.  Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities.

Item 3. Controls and Procedures

As required by Rule 13a-15 under the Exchange Act, as of the end of the period covered by this quarterly report, being September 30, 2005, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures.  This evaluation was carried out under the supervision and with the participation of our company's management, including our company's President along with our company's Chief Financial Officer.  Based upon that evaluation, our company's President, along with our company's Chief Financial Officer, concluded that our company's disclosure controls and procedures are effective as at the end of the period covered by this report.  There have been no changes in our company's internal controls or in other factors, which could significantly affect internal controls subsequent to the date we carried our evaluation.

Disclosure controls and procedures and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period 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 in our reports filed under the Exchange Act is accumulated and communicated to management, including our President and Chief Financial Officer as appropriate, to allow timely decisions regarding required disclosure.





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Part II - OTHER INFORMATION

Item 1.  Legal Proceedings.

We know of no material, active or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation.  There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

None

Item 3.  Defaults Upon Senior Securities.

None.

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

None.

Item 5.  Other Information.

None.

Item 6.  Exhibits.

Exhibits required by Item 601 of Regulation S-B


Exhibit No.
        Document DescriptionExhibit 3.1
        Articles of Incorporation (incorporated by reference from our Registration Statement on Form 10-SB filed on June 27, 2002)Exhibit 3.2
        Bylaws (incorporated by reference from our Registration Statement on Form 10-SB filed on June 27, 2002)Exhibit 10.1
        Management Services Agreement between The Electric Network.com, Inc. and J. David Brow dated February 1, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.2
        Management Services Agreement between The Electric Network.com, Inc. and Brad W. Rudover dated January 27, 2004 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.3
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Jaclynn Grad dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.4
        Shareholder Rights Agreement between The Electric Network.com, Inc. and John Pattison Wright dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.5
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Gloria M. Lozinski dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).





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Exhibit 10.6
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Rodeny L. Lozinski dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.7
        Shareholder Rights Agreement between The Electric Network.com, Inc. and G. Roger Douville dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.8
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Janis D. Douville dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.9
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Muir Woods Investment Group IBC dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.10
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Janice Stevens dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.11
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Richard A. Achron dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.12
        Shareholder Rights Agreement between The Electric Network.com, Inc. and George Stubos dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.13
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Dorian Thodos dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.14
        Shareholder Rights Agreement between The Electric Network.com, Inc. and Iris Paul dated December 2, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004).Exhibit 10.15
        Form of Subscription Agreement utilized in connection with the December 2003 private placement of The Electric Network.com, Inc. (incorporated by reference from our Annual Report on Form 10-KSB filed on April 9, 2004)Exhibit 10.16
        Services Agreement between Binary Environments Ltd. and The Electric Network.com, Inc. dated May 1, 2004. (incorporated by reference from our Quarterly Report on Form 10-QSB filed on May 17, 2004).Exhibit 10.17
        Share Purchase Agreement dated November 8, 2005 among The Electric Network.com, Inc., Brad W. Rudover and John E. Veltheer (incorporated by reference from our Current Report on Form 8-K filed on November 9, 2005).Exhibit 14.1
        Code of Ethics (incorporated by reference from our Annual Report on Form 10-KSB filed on March 31, 2005)Exhibit 31.1
        Section 302 CertificationExhibit 31.2
        Section 302 CertificationExhibit 32.1
        Section 906 CertificationExhibit 32.2
        Section 906 Certification

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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.

THE ELECTRIC NETWORK.COM, INC.

By:


/s/ John E. VeltheerJohn E. Veltheer, President and Director

(Principal Executive Officer)




/s/ J. David BrowJ. David Brow, Treasurer, Secretary and Director

(Principal Financial Officer)

Date:  November 14, 2005