SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                   FORM 10-KSB

           [X]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                                 [FEE REQUIRED]

                    For the fiscal year ended:  June 30, 1999

                                       OR

             [ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                                [NO FEE REQUIRED]

             For the transition period from __________ to __________

                          Commission File No. 33-33939

       LINDSEYTECHNOLOGIES.COM, INC. (formerly Lindsey Technologies, Inc.)
        _________________________________________________________________
        (Exact name of small business issuer as specified in its charter)

                 Colorado                            84-1121635
        _______________________________               __________________
         (State or other jurisdiction of               (I.R.S. Employer
        Incorporation or organization)               Identification No.)

                        3025 South Parker Road, Suite 109
                             Aurora, Colorado  80014
           ___________________________________________________________
          (Address of principal executive offices, including zip code)
                   Issuer's Telephone Number:  (303) 306-1988

      Securities registered under Section 12(b) of the Exchange Act:  None

      Securities registered under Section 12(g) of the Exchange Act:  None

  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
                                      ___        ___

As of June 30, 1999, 19,146,460 shares of common stock were outstanding, and the
     aggregate market value of the common stock of the Registrant held by non
                       affiliates was approximately $-0-.

                    Documents incorporated by reference: None

 Check if there is no disclosure of delinquent filers in response to Item 405 of
  Regulation S-B contained in this form, and no disclosure will be contained, to
      the best of Registrant's knowledge, in definitive proxy or information
    statements incorporated by reference in Part III of this Form 10-KSB or any
                       amendment to this Form 10-KSB. [X]

        State Issuer's revenues for its most recent fiscal year:  $38,919

   This Form 10-KSB consists of 29 pages. The Exhibit Index begins on page 11.
<PAGE>
TABLE  OF  CONTENTS

Form  10-KSB  Annual  Report  -  1999

                          LindseyTechnologies.com, Inc.
                      (formerly Lindsey Technologies, Inc.)


<TABLE>
<CAPTION>


                                                                              Page

Facing Page
Index
<S>                                                                           <C>
PART I
            Item    1.  Business . . . . . . . . . . . . . . . . . . . . . .     2
            Item    2.  Properties . . . . . . . . . . . . . . . . . . . . .     3
            Item    3.  Legal Proceedings. . . . . . . . . . . . . . . . . .     3
            Item    4.  Submission of Matters to a Vote of Security Holders.     3

PART II
            Item    5. Market For Registrant's Common Equity
                       And Related Shareholder Matters . . . . . . . . . . .     4
            Item    6. Management's Discussion And Analysis Or Plan Of
                       Operations. . . . . . . . . . . . . . . . . . . . . .     5
            Item    7. Financial Statements. . . . . . . . . . . . . . . . .     8
            Item    8. Disagreements On Accounting And Financial Disclosures     8

PART III
            Item    9. Directors And Executive Officers Of The Registrant. .     8
            Item   10. Executive Compensation. . . . . . . . . . . . . . . .     9
            Item   11. Security Ownership Of Certain Beneficial Owners And
                       Management. . . . . . . . . . . . . . . . . . . . . .    10
            Item   12. Certain Relationships And Related Transactions. . . .    10

PART  IV
            Item   13. Exhibits, Financial Statement Schedules, And
                       Reports On Form 8-K . . . . . . . . . . . . . . . . .    11

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    12

</TABLE>


                                      -1-
<PAGE>

                                  PART  I

FORWARD-LOOKING  STATEMENTS
IN  ADDITION  TO  HISTORICAL  INFORMATION,  THIS  FORM  10-KSB CONTAINS FORWARD-
LOOKING  STATEMENTS.  IN  THIS  FORM 10-KSB, THE WORDS "EXPECTS," "ANTICIPATES,"
"BELIEVES,"  "INTENDS,"  "WILL" AND SIMILAR EXPRESSIONS IDENTIFY FORWARD-LOOKING
STATEMENTS, WHICH ARE BASED UPON INFORMATION CURRENTLY AVAILABLE TO THE COMPANY,
SPEAK  ONLY  AS  OF  THE  DATE  HEREOF  AND  ARE  SUBJECT  TO  CERTAIN RISKS AND
UNCERTAINTIES.  THE  COMPANY ASSUMES NO OBLIGATION TO UPDATE ANY FORWARD-LOOKING
STATEMENTS.  THE COMPANY'S ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THE RESULTS
DISCUSSED  IN  SUCH  FORWARD-LOOKING  STATEMENTS.  FACTORS THAT MAY CAUSE SUCH A
DIFFERENCE  INCLUDE,  BUT  ARE  NOT  LIMITED TO, THOSE DISCUSSED IN THIS SECTION
ENTITLED  "MANAGEMENT'S  DISCUSSION  AND ANALYSIS OR PLAN OF OPERATION --FACTORS
THAT  MAY  AFFECT  FUTURE  RESULTS."  READERS  SHOULD  CAREFULLY REVIEW THE RISK
FACTORS  DESCRIBED  IN  OTHER DOCUMENTS THAT THE COMPANY FILES FROM TIME TO TIME
WITH  THE  SECURITIES  AND EXCHANGE COMMISSION (THE "COMMISSION"), INCLUDING THE
QUARTERLY  REPORTS  ON  FORM 10-Q TO BE FILED BY THE COMPANY IN FISCAL 2000. ALL
PERIOD  REFERENCES  ARE  TO THE COMPANY'S FISCAL YEARS ENDED JUNE 30, 1999, 1998
AND  1997,  UNLESS  OTHERWISE  INDICATED.


Item  1.  Business

Lindsey  Technologies.com,  Inc.  (formerly  Lindsey  Technologies,  Inc.)  (the
"Company"  or  the  "Registrant")  was  organized under the laws of the state of
Colorado  on  August  17,  1989  for the primary purpose of engaging in a merger
with, joint venture with, or acquisition of a small number of  private or public
firms.  Such  firms may be private or public corporations, partnerships, or sole
proprietorships.  The  Company's  name  was  changed  from L.M. Capital, Inc. to
Lindsey  Technologies, Inc. on November 22, 1996 and to LindseyTechnologies.com,
Inc  on  July  20,  1999.

On  June 21, 1996 the Company entered into a joint venture with a team of French
software engineers (the "Associates") and their wholly owned French corporation,
Helvetius  Ingenierie.  The Company and the Associates formed Heldol Corporation
(Heldol)  on  October  25,  1996, a United States corporation for the purpose of
developing  and  marketing  software  for  industrial,  medical,  and commercial
business  applications.

For  the  last  two years, the Company has undertaken the development of its own
software  solution  implementing  business  to  business  E-commerce  as  an
application  software provider with its own set of tools, notably Key-Qual (TM).
Key-Qual  is  a  net-based  tool  for  the organization and certification of all
existing  production processes. It covers Industry, Services, Administration and
Medical  sectors.

The  system  enables  the  user  to  fully describe all the desired functions of
production  processes  taking  into  account  all  the  particularities  of  any
connected  end  user.
Through  normalization  professional individuals will be able to communicate and
interact  in  the  most  effective  way.

By  connecting  and  running Key-Qual quality system application, a company will
have all of its production and know-how online. Thus lies a great enhancement of
productivity  and  added  value  to  the  whole  organization.
Any  user  will  be  able  to  ask  or  be  asked relevant information regarding
production.

The system will help perform all relevant analyses and cross-reference them with
clients'  procedures,  production  cycle  and  accompanying  knowledge database.

                                      -2-
<PAGE>

On  November  5th 1998, the Company acquired Distributed Quality Corp ('DQC'), a
Colorado  based  company  involved  in  marketing Networking and CORBA framework
software  platforms  for  distributing  quality  related  knowledge  throughout
organizations  using  Internet  technology, for $2,700,000 consisting of 540,000
restricted common shares of the Company valued at $5 per share and assumption of
$865,000  in  liabilities.  DQC was acquired in a merger transaction pursuant to
the  terms  of  a  merger  agreement,  dated  November  5th  1998.


On  August  31, 1998 DQC signed an agreement with Stellarx SA, a French software
startup  company  that  provides software infrastructure for developing Internet
based  application  software  solutions.

This  agreement  stipulates  that  DQC  buy  the  Stellarx Framework Development
toolkit (TM) license for a price of $300,000. This software environment includes
an  XML  document  manager  and repository, a workflow engine and an application
designer.  It also includes a Versant (TM) ODMS development license. (Versant is
a  trademark  of  Versant  Corp.;  Stellarx  is  a  trademark of Stellarx S.A.).

Under  the  terms  of this agreement, DQC also has a right to integrate Stellarx
and  Versant  ODBMS  runtime software pieces in its own application software and
distribute  the  whole  as  a  package  to its clients. This right is worldwide,
unlimited  in  time  and  exclusive for application software related to quality,
regardless  of  the  business  sector.


Item  2.  Properties

     The  Company  maintains  its  offices  in  Aurora, Colorado in office space
provided  by  one  of  the  Directors  of  the  Company.


Item  3.  Legal  Proceedings

     The  Company  was  involved  in no legal proceedings during the fiscal year
ended  June  30,  1999.


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

     There  were  no  matters  submitted to a shareholder vote during the fourth
quarter  of  the  fiscal  year  ended  June  30,  1999.

                                      -3-
<PAGE>

                                  PART  II


Item  5.  Market  for  Common  Equity  and  Related  Stockholder  Matters

     (a)   Principal  Market  or Markets:  During the fiscal year ended June 30,
1999, no separate market developed for the Company's common stock, units, or any
outstanding  warrants.  The Company currently has no outstanding trading market.
High  and  low  bids for the Company's common stock units for the previous eight
quarters  are  shown  below.
<TABLE>
<CAPTION>



                                             BID
       Quarter Ended           High     Low
<S>    <C>             <C>     <C>           <C>
Units  Sept. 30, 1997  No Bid
Units  Dec.  31, 1997  No Bid
Units  Mar.  31, 1998  No Bid
Units  June  30, 1998  No Bid
Units  Sept. 30, 1998  No Bid
Units  Dec.  31, 1998  No Bid
Units  Mar.  31, 1999  No Bid
Units  June  30, 1999  No Bid
</TABLE>



     (b)    Common  Stock:   On  June  30,  1999 there were 19,146,460 shares of
common  stock  issued  and  outstanding,  which  were held by 89 shareholders of
record  excluding  individuals  holding  securities in street name. In addition,
there  were 413,000 (A) warrants and 413,000 (B) warrants outstanding held by 30
persons,  and  415  Reg  S  (A) warrants and 415 Reg S (B) warrants outstanding.

The  Company  has  never  paid  cash dividends on its common stock and currently
intends  to  continue its policy of retaining all of its earnings for use in its
business.

     (c)   Convertible  Preferred Stock:  Out of the authorized preferred stock,
the  Company has designated a Series A Convertible Preferred Stock ("Series A").
The  designated number of shares of the Series A is 5,000. One share of Series A
may  be converted into 1,600 common shares of the Company at the election of the
holder anytime beginning September 1, 1994. The holders of outstanding shares of
Series  A  shall  not  be entitled to receive any dividends. In the event of any
voluntary  or  involuntary liquidation, dissolution or winding up of the affairs
of  the  Company,  the  holder  of  each  share of Series A shall be entitled to
receive,  from  the  assets  of  the  Company  available for distribution to its
stockholders,  before  any  payment  or distribution shall be made on the common
stock,  an  amount  equal  per  share  to  $100.  If  the assets and funds to be
distributed  among  the  holders of the Series A shall be insufficient to permit
the  payment of the full aforesaid preferential amount to such holders, then the
entire  assets  and  funds of the Company legally available for the distribution
shall  be  distributed  among  the  holders of the Series A in proportion to the
aggregate  preferential  amount  of  all  shares  of  Series  A  held  by  them.

After  payment  has been made to the holders of the Series A, the holders of the
common  stock  shall be entitled to share ratably in the remaining assets on the
basis  of  the number of shares of common stock held by them at the time of such
liquidation.  The holder of each share of Series A stock shall have the right to
1,600  votes for each share standing in his name on the books of the Company and
shall  have  the  right to vote at all meetings of the stockholders. These votes
will  be  aggregated with the votes of the holders of the Company's common stock
and  will  not  be  treated  as a separate class. As if June 30, 1999 there were
4,200  Series  A  shares  outstanding  held  by  2  individuals.

                                      -4-
<PAGE>
Item  6.  Management's  Discussion  and  Analysis  or  Plan  of  Operations

The  following  discussion  should  be  read  in  conjunction with the Financial
Statements  and  notes  thereto  included  herein.


THE  COMPANY  PROJECT

For  the  last  two years, the Company has undertaken the development of its own
software  solution  implementing  business  to  business  E-commerce  as  an
application  software  provider  with  its own set of tools, notably Key-Qual  .
Key-Qual  is  a  net-based  tool  for  the organization and certification of all
existing  production processes. It covers Industry, Services, Administration and
Medical  sectors.

The  system  enables  the  user  to  fully describe all the desired functions of
production  processes  taking  into  account  all  the  particularities  of  any
connected  end  user.
Through  normalization  professional individuals will be able to communicate and
interact  in  the  most  effective  way.

By  connecting  and  running Key-Qual quality system application, a company will
have all of its production and know-how online. Thus lies a great enhancement of
productivity  and  added  value  to  the  whole  organization.
Any  user  will  be  able  to  ask  or  be  asked relevant information regarding
production.

The system will help perform all relevant analyses and cross-reference them with
clients'  procedures,  production  cycle  and  accompanying  knowledge database.


WHO  MAY  BE  INTERESTED
All  small and large organizations concerned in raising customer satisfaction by
improving  quality  throughout  its  processes.

Industrial  and  corporate  environment,
----------------------------------------
The  Company  is currently working on a generic industrial Key-Qual application.
Key-Qual  has  the ambition to cover all non computerized personnel in any given
company  regardless  of  its  business  activity.

In the industry sector, actually only 15-20% of the employees of a company use a
desktop  system  with  access  to  information systems mainly for administrative
tasking.  We  presume  the  same  model prevails in any other sectors at large :
health  care,  services,  administration.  The  80-85%  remaining  employees are
affected  to  production  within  the  company.


Professionals  and  individuals  and  specific  fields  of  expertise
---------------------------------------------------------------------
The  Company's  business  model  is to release a packaged Key-Qual title for any
professional  and  business activity that can generate over 3 years a minimum of
ten  thousand  basic $380/month contracts and set up the portal for delivery and
servicing  worldwide  through  Internet  Providers  and  Portal  companies.
These titles can be marketed through the setup of subsidiaries with partners and
investors.

The  Company  is  currently  working  on
-  a  Key-Qual  application  for  the  certification  of  software  editors  and
independent  developers,
-  a  Key-Qual  application  for  dentists  and  orthodontists,
The  Company  is  planning  to  work  on
- a Key-Qual application for managing and normalizing on the Web the information
stored in databases and ERP systems i.e. SAP(R), BAAN(R), JD Edwards(R), etc.

                                      -5-
<PAGE>

ADVANTAGES
The  resulting  interaction between the system and its users will eliminate most
of  the  cost  associated  with the back and forth running between all different
activities  running  in  the  company.

The  likely  outcome of using Key-Qual is huge productivity gains, turbo charged
R&D  and  management  of  internal know-how for corporations and greater quality
service  and  knowledge  for  individuals.

Most  processes  and  transactions  in  industry,  healthcare  and  services are
duplicative  and  paper  based,  clobbering  the  value  added  process  of  all
participants. Normalization in these activities are particularly well suited for
internet  use.

The  growing number of users on the Internet is becoming more and more important
for  business  to  business  as  well  as  business  to  consumer  interaction.


HOW  IT  WORKS
Key-Qual is a mission critical application that can be deployed on the Internet,
Extranet  and  Intranet  platform.

It  uses  the  most  up to date technological standards such as a modular tiered
Corba based architecture so any connected user can interact without the need for
expensive  hardware.

It  runs  on  any  desktop system with a browser, is self deploying and requires
zero  client maintenance. Thanks to Java technology, it will work on most server
platforms  available  on  the  market  for  large  application  software.

It  carries  services  like  scalability,  interoperability, fault tolerance and
security  and  can  handle  high  volumes  of  transactions.
Key-Qual  allows  the  integration  of  diverse  applications.


CURRENT  SITUATION
The  conception  phase started about two years ago, all Research and Development
expenses recorded until December, 1998 have been geared towards conception only.
This means engineering, industry and quality management specialists are paid for
coming  up  with a satisfactory  solution for encapsulating  know-how. Then this
will be translated  into a workable system software application.

The modeling phase is currently under way. It consists of creating a model which
will  be  used  for  the development of the application software. The model must
show  all  the  layers  of  what  the  application  software  will  be.
Key-Qual  global model should be completed in the fall 1999. The Company is also
working  with  experts in specific fields in order to create models for specific
application.

The  development of the final prototype product will take into consideration the
architecture  of  the  application,  its  functions,  ergonomics  and  GUI.  The
specification for basic engines for the application are being currently written.
The  Company expects to have a commercially viable prototype in the spring 2000.

By  merging  with  DQC,  the  Company  will  have  access to Stellarx's (TM) and
Versant's  (TM) technologies, which shall have substantial beneficial effects on
the  development  time  and  costs  of  its  application  software.

Moreover,  the  Company  believes  that the limited amount of fees to be paid to
Stellarx  for  runtime  distribution  will  considerably  reduce future costs of
revenues  when  installing  application software and Database Management Systems
runtimes  on  the  Company's  customers'  computers.

                                      -6-
<PAGE>

IMPACT  OF  YEAR  2000

The  Company has determined that the purchased software applications it uses and
software  applications  developed  internally  are Year 2000 compliant. However,
there  is  no  guarantee  that  other  systems  of  other companies on which the
Company's  systems  rely  will be timely converted and would not have an adverse
effect  on  the  Company's  systems.


LIQUIDITY  AND  CAPITAL  RESOURCES

(a)     Liquidity  :
The  Registrant's securities are currently not liquid. There is one market maker
in  the Company's securities. The Company's management is attempting to interest
market  makers  in  the Company's securities, so as to provide limited liquidity
for holders of the free trading units. The Company anticipates that liquidity of
its  stock will be enhanced by the soon to come initial releases of its software
product currently being developed. Such liquidity, though not a certainty, would
in  all  likelihood stem from interest in the Company's product(s) and business.
The  Company  cannot  insure  liquidity at any time in the future, regardless of
whether  or  not  it  conducts  successful  future  business  operations.

(b)     Capital  Resources  :
The Company expects to continue to incur substantial expenses related to further
Research  and  Development  of its technologies and products, increased staffing
levels,  acquisition  and support of patent rights, additional capital equipment
for  Research  and  Development  activities, starting commercial activities. The
Company  may  incur  additional  losses  in  the  near  term.
The  Company  does  not  anticipate large expenditures for capital goods such as
plant  and  large  equipment  at  any  time  in  the  foreseeable  future.  This
expectation  is  subject  to  change  based  on  the  Company's possible capital
requirements  for  software  development.

The  Company  estimates  that  Research  and  Development  expenses required for
completing  the development of the Key-Qual application software will be covered
with  issuance  of  stock  as  compensation  for  such  services.

If  the  Company's  currently available funds and internally generated cash flow
are not sufficient to satisfy its financing needs, the Company would be required
to  seek  additional  funding  through  other  arrangements  with  collaborative
partners,  through  bank  borrowings  and through public or private sales of its
securities,  including  equity securities through a Private Placement. There can
be  no  assurance  that  additional funds, if required, will be available to the
Company  on  favorable  terms,  if  at  all.


POTENTIAL  FLUCTUATIONS  IN  OPERATING  RESULTS

The Company's operating results have varied significantly in the past and may do
so in the future. Factors affecting the Company's operating results include, but
are  not  limited  to  important  Research  &  Development  expenses  to  finish
development  of  software  product,  delays in commercializing the software, the
degree  of  acceptance  of the Company's products; by the markets and industries
served  by  the  Company.

The Company expects that fluctuations in its operating results will continue for
the foreseeable future. Consequently, the Company believes that period-to-period
comparisons  of its financial results should not be relied upon as an indication
of  future  performance.

The  Company intends to continue making significant expenditures on Research and
Development  to  finish development of current product and develop new products.
While  the  Company  believes  that  these  current  Research  and  Development
expenditures  will  be  beneficial in the long term development of its business,
there  can  be no assurances that the development of products will be successful
or  will  not  be  rendered  obsolete  by  future  technology  acquisitions  or
developments.  Research  and Development expenditures are incurred substantially
in advance of related revenue and in some cases may not result in the generation
of  revenue.

                                      -7-
<PAGE>

Item  7.  Financial  Statements

The  Report of the Independent Certified Public Accountant appearing at page F-1
and  the  Financial  Statements  and  Notes to Financial Statements appearing at
pages  F-2  through  F-14  are  incorporated  herein  by  reference.


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

None.

                                 PART  III


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

The  Directors  and Officers of the Registrant as of the date of this report are
as  follows:
<TABLE>
<CAPTION>



Name                   Age             Position               Served as a
                                                            Director Since
<S>                    <C>  <C>                             <C>
Lionel Mauclaire. . .   38  President, Treasurer, Director  August 17, 1989

Jean-Michel Mauclaire   42  Director                        September, 1995

Robert Mauclaire. . .   70  Director                        November, 1996

Ronald R. Chadwick. .   44  Director, Secretary             August 17, 1989
</TABLE>



Family  Relationships:  The  Company's  President and Director, Lionel Mauclaire
and  Jean-Michel  Mauclaire,  a  Director, are brothers, and Robert Mauclaire, a
Director,  is  the  father  of  Lionel  Mauclaire  and  Jean-Michel  Mauclaire.

All  Directors  of the Company will hold office until the next annual meeting of
the shareholders, and until successors have been elected and qualified. Officers
of the Company are elected by the Board of Directors at the first meeting of the
Company's  shareholders,  and  hold  office  until  their death, resignation, or
removal  from  office.

Lionel  Mauclaire.  President, Treasurer, and a Director. Mr. Mauclaire has been
President,  Treasurer,  and  a Director of the Company since August, 1989. Since
September,  1987,  Mr.  Mauclaire has conducted his business under the name L.M.
International,  Inc.,  a company which was formed for the purpose of engaging in
financing,  investment  banking,  mergers  and  acquisitions.  From May, 1985 to
November,  1986  he  was  employed as a marketing executive with I.M.M., S.A., a
Paris,  France  based  company engaged in the business of robots. From February,
1983  to  July,  1985  he  was  employed  by  Malterie Mauclaire, S.A., a family
business  which  supplied  breweries  with  barley.  Mr.  Mauclaire received his
business  degree  in  1982  from  IMAC,  Paris,  France.

Ronald  R.  Chadwick,  Secretary  and  a  Director.  Mr.  Chadwick has served as
Secretary  and  a  Director  since  August, 1989. From 1993 until present he has
operated his own certified public accounting firm, Ronald R. Chadwick, P.C. From
1986  until  present  he  has  been President and a Director of Petramerica Oil,
Inc.,  an  oil  and  gas company. Mr. Chadwick received an MBA degree in finance
from  Arizona  State  University  in  1980 and a Bachelor of Science degree from
Oregon  State  University  in  1979.

                                      -8-
<PAGE>

Jean-Michel Mauclaire, a Director. Mr. Mauclaire resides in Paris, France. He is
a  graduate  of  Ecole  Superieure de Commerce de Paris (1980), holds a graduate
degree  in  international  business  from  Paris  University (1983) and a French
Certified  Public  Accountant  degree  (1993). After 5 years in an international
accounting  firm,  Mr.  Mauclaire  has  held  several executive positions in the
Lafarge  Group,  a  worldwide  marker  of  cement  products,  in  the  finance,
information  systems  and  European  business  development  areas.

Robert  Mauclaire,  a Director.  Mr. Mauclaire received his Baccalaureate degree
in  1950  and  Law  degree  in  1954 from Paris University. From 1957 to 1968 he
served  first  as  a  sales  representative at IBM France, then as International
Accounts  Manager at IBM World Trade Europe and Oil Industry Debt Manager at IBM
France.  From  1969  to  1987  Mr.  Mauclaire  served  in  an executive capacity
(including  as  CEO  from  1981-1987)  to the Mauclaire family malting business,
Malterie  Mauclaire, S.A. From 1987 to 1993 Mr. Mauclaire was counsel to the CEO
of  Soufflet  Group,  a  French  company  with  annual sales of approximately $4
billion.  From 1992 to present he has served as a Judge at the local Tribunal of
Commerce.  For  the  past  20  years  Mr.  Mauclaire has held a number of highly
regarded  civil  positions  including  Chairman  of the Finance Committee of the
Chamber  of  Commerce of the District of Aube, membership on the Board of Banque
Populaire  de  Champagne,  Chairman  of  the  Finance  Committee of the Regional
Chamber  of  Commerce  of  Champagne-Ardennes,  Vice  President  of the National
Committee  of  Business  Legal  and  Fiscal Studies of the Association of French
Chambers  of  Commerce, membership on the Committee of Counsels of the Banque de
France,  and  Vice  President  of  the  Board  of Banque Populaire de Champagne.


Item  10.  Executive  Compensation

     Compensation  paid  to  Officers  and Directors is set forth in the Summary
Compensation  Table  below. The Company may reimburse its Officers and Directors
for  any and all out-of-pocket expenses incurred relating to the business of the
Company.
<TABLE>
<CAPTION>


                          SUMMARY  COMPENSATION  TABLE


Name and            Fiscal  Salary  Bonus  Other Annual
Principal Position   Year                  Compensation
<S>                 <C>     <C>     <C>    <C>
Lionel Mauclaire,.    1996       -      -             -
President, CEO . .    1997       -      -             -
                      1998       -      -             -
                      1999       -      -             -
</TABLE>




                                       -9-
<PAGE>

Item  11.  Security  Ownership  of  Certain  Beneficial  Owners  and  Management

     The  following  table  sets forth, as of the date of this Report, the stock
ownership  of  each person known by the Registrant to be the beneficial owner of
five percent or more or the Registrant's common stock, each Officer and Director
individually  and  all  Directors  and  Officers  of  the Registrant as a group:

<TABLE>
<CAPTION>



NAME                         CLASS        NO. OF      % OF
                                          SHARES      CLASS
<S>                        <C>        <C>             <C>
Lionel Mauclaire. . . . .  Common     14,471,968 (1)  75.59
3025 S. Parker Rd (S) 109  Preferred       4,000 (2)  95.24
Aurora, Colorado  80014

Ronald Chadwick . . . . .  Common           400,000    2.01
3025 S. Parker Rd (S) 109
Aurora, Colorado  80014

Jean-Michel Mauclaire . .  Common         1,118,560    5.84
3025 S. Parker Rd (S) 109
Aurora, Colorado  80014

Directors and . . . . . .  Common        15,990,528   83.52
Officers as a Group . . .  Preferred          4,000   95.24

<FN>

(1)  In  addition to the 14,471,968 common shares currently owned by him, Lionel
Mauclaire  also  owns  326,000  A  warrants and 326,000 B warrants. If exercised
these  warrants,  each of which convert into eight shares of common stock, would
give  Mr. Mauclaire ownership of an additional 5,226,560 shares of common stock.
He  also  holds  warrants  to  purchase  a  further  198,240  common  shares.

(2)  Each  share  of  preferred  stock  is  convertible into 1,600 shares of the
Company's  common  stock  anytime  beginning  September  1,  1994.
</TABLE>




Item  12.  Certain  Relationships  and  Related  Transactions

None.

                                      -10-
<PAGE>

                                  PART  IV


Item  13.  Exhibits  and  Reports  on  Form  8-K

     (a)   Exhibits

     --  The  following  Exhibits  were  filed  with the Securities and Exchange
Commission  in the Exhibits to Form S-18 on March 26, 1990, and are incorporated
by  reference  herein:

          3.1  Articles  of  Incorporation
                 3.2  By  Laws


     (b)  Reports  on  Form  8-K

      --  The  following  reports  were  filed  on  Form  8-K  during the fourth
         quarter  of  the  fiscal  year  ended  June  30,  1999:

         8-K  filed  April  24, 1999 for amended merger with Distributed Quality
Corp.



                                      -11-
<PAGE>


                                SIGNATURES

Pursuant  to  the requirements of Section 13 or 15(d) of the Securities Exchange
Act  of  1934,  the  Registrant  has duly caused this Report to be signed on its
behalf  by  the  undersigned,  thereunto  duly  authorized, on October 18, 1999.

                              LINDSEYTECHNOLOGIES.COM,  INC.
                              (formerly  Lindsey  Technologies,  Inc.)


                              By:  /s/Lionel  Mauclaire
                                  Lionel  Mauclaire,  President

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report
has  been  signed  below by the following persons on behalf of the Registrant in
the  capacities  indicated,  on  October  18,  1999.

Principal Executive Officer, Financial Officer, Accounting Officer and Director:

/s/Lionel  Mauclaire
Lionel  Mauclaire


Directors:

/s/Ronald  R.  Chadwick
Ronald  R.  Chadwick


/s/Jean-Michel  Mauclaire
Jean-Michel  Mauclaire


/s/Robert  Mauclaire
Robert  Mauclaire


                                      -12-
<PAGE>

LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                              Financial Statements
                                  June 30, 1999
<TABLE>
<CAPTION>

Table  of  Contents




                                                    Page
<S>                                                 <C>
Independent Auditor's Report . . . . . . . . . . .  F-1

Financial Statements
   Consolidated Balance Sheet. . . . . . . . . . .  F-2
   Consolidated Statements of Operations . . . . .  F-3
   Consolidated Statements of Stockholders' Equity  F-4
   Consolidated Statements of Cash Flows . . . . .  F-5

Notes to Financial Statements. . . . . . . . . . .  F-6 - F-14
</TABLE>






<PAGE>

                           LARRY O'DONNELL, CPA, P.C.
                            Telephone (303) 745-4545
                        2280 South Xanadu Way - Suite 370
                             Aurora, Colorado 80014


Board  of  Directors
LindseyTechnologies.com,  Inc.
Aurora,  Colorado

                          Independent Auditor's Report

I  have  audited  the  accompanying  consolidated  balance  sheet  of
LindseyTechnologies.com,  Inc.  and Subsidiaries (formerly Lindsey Technologies,
Inc.)  as of June 30, 1999 and the related consolidated statements of operations
and  other  comprehensive  income,  stockholders'  equity and cash flows for the
years  ended  June  30,  1999  and  1998.  These  financial  statements  are the
responsibility  of  the Company's management. My responsibility is to express an
opinion  on  these  financial  statements  based  on  my  audit.

I  conducted  my audit in accordance with generally accepted auditing standards.
Those  standards  require that I plan and perform the audit to obtain reasonable
assurance  about  whether  the  financial  statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the  amounts and disclosures in the financial statements. An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
I  believe  that  my  audit  provides  a  reasonable  basis  for  my  opinion.

In my opinion, the financial statements referred to above present fairly, in all
material  respects,  the  consolidated  financial  position  of
LindseyTechnologies.com,  Inc.  and Subsidiaries (formerly Lindsey Technologies,
Inc.)  as  of  June 30, 1999, and the consolidated results of its operations and
its  cash  flows  for  the years ended June 30, 1999 and 1998 in conformity with
generally  accepted  accounting  principles.

Larry  O'Donnell,  CPA,  P.C.

September  28,  1999




                                       F-1

<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                           Consolidated Balance Sheet
                                  June 30, 1999

<TABLE>
<CAPTION>



Assets
Current assets
<S>                                                          <C>
Cash in bank. . . . . . . . . . . . . . . . . . . . . . . .  $      41,469
Accounts receivable . . . . . . . . . . . . . . . . . . . .         11,371
Investments in securities less unrealized losses of $2,607.          5,337
Other assets. . . . . . . . . . . . . . . . . . . . . . . .            514
                                                              ------------
Total current assets. . . . . . . . . . . . . . . . . . . .         58,691

Property and equipment
Computer equipment, less accumulated depreciation of $4,989          8,655

Costs in excess of acquired net assets. . . . . . . . . . .         57,932
                                                              ------------
                                                             $     125,278
                                                              ============
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable. . . . . . . . . . . . . . . . . . . . . .  $     910,266
Accounts payable-related parties. . . . . . . . . . . . . .         23,342
Notes payable- shareholders . . . . . . . . . . . . . . . .        148,727
                                                              ------------
Total current liabilities . . . . . . . . . . . . . . . . .      1,082,335
                                                              ------------
Stockholders' equity
Preferred stock, no par value, 20,000,000
total; 5,000 Series A shares authorized
4,200 issued and outstanding. . . . . . . . . . . . . . . .        304,257
Common stock, no par value,
100,000,000 shares authorized,
19,146,460 issued and outstanding . . . . . . . . . . . . .     14,422,772
Underwriter's warrants 20,000 issued, and outstanding . . .            120
Accumulated other comprehensive income. . . . . . . . . . .        (10,653)
Accumulated deficit . . . . . . . . . . . . . . . . . . . .    (15,673,553)
                                                              ------------
                                                                  (957,057)
                                                              ------------
Total Liabilities and Stockholders' Equity. . . . . . . . .  $     125,278
                                                              ============
See Notes to Financial Statements.
</TABLE>




                                       F-2

<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                      Consolidated Statements of Operations
                       Years Ended June 30, 1999 and 1998
<TABLE>
<CAPTION>




                                                1999             1998
<S>                                        <C>              <C>
Revenues. . . . . . . . . . . . . . . . .  $       38,918   $        9,948
                                            -------------    -------------
General & Administrative expenses . . . .          53,962          171,102
Research & Development. . . . . . . . . .       8,015,967        6,909,282
                                            -------------    -------------
                                                8,069,929        7,080,384
                                            -------------    -------------
Net (loss) from operations. . . . . . . .      (8,031,011)      (7,070,436)
                                            -------------    -------------
Other income (expense):
Share of loss of Heldol Corporation . . .         (14,356)        (100,862)
Amortization. . . . . . . . . . . . . . .         (32,642)         (21,546)
Gain on sale of trade securities. . . . .             686              164
                                            -------------    -------------
                                                  (46,312)        (122,244)
                                            -------------    -------------

Net income (loss) . . . . . . . . . . . .  $   (8,077,323)  $   (7,192,680)
                                            -------------    -------------
Other comprehensive income
Unrealized loss on securities . . . . . .          (2,800)
Foreign currency translation. . . . . . .          (1,092)          (4,025)
                                            -------------    -------------
Other comprehensive income. . . . . . . .          (3,892)          (4,025)
                                            -------------    -------------

Total comprehensive income. . . . . . . .  $   (8,081,215)  $   (7,196,705)
                                            =============   ==============

Net income (loss) per share . . . . . . .  $         (.44)  $         (.44)
Total comprehensive income per share. . .  $         (.44)  $         (.44)
                                                =========       ==========
Weighted average number of common shares
and equivalent units outstanding. . . . .      18,335,876       16,318,017
                                            =============   ==============

See Notes to Financial Statements.
</TABLE>





                                       F-3
<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                 Consolidated Statements of Stockholders' Equity
                       Years Ended June 30, 1999 and 1998

<TABLE>
<CAPTION>



                                Common        Stock     Preferred    Stock      Accumulated      Accumulated
                                Shares       Amount      Shares     Amount        Deficit           Other
                                                                                                Comprehensive
                                                                                                   Income

<S>                           <C>          <C>          <C>        <C>        <C>              <C>
Balance, June 30, 1997 . . .   16,001,260  $   233,493      4,200  $ 304,257  $     (403,550)  $       (2,736)

Common stock issued for cash       21,200       88,360
Common stock issued
for services . . . . . . . .    1,602,000    7,014,000

Net loss for the year                                                             (7,192,680)          (4,025)
                              -----------   ----------     ------   --------   -------------       ----------
Balance, June 30, 1998 . . .   17,624,460  $ 7,335,853      4,200  $ 304,257  $   (7,596,230)  $       (6,761)

Common stock issued for cash       17,000       75,624

Common stock issued
For services . . . . . . . .      865,000    4,325,000

Common stock issued for
subsidiaries . . . . . . . .      640,000    2,686,295

Net loss for the year                                                             (8,077,323)          (3,892)
                              -----------   ----------     ------   --------   -------------       ----------
Balance, June 30, 1999 . . .   19,146,460  $14,422,772      4,200  $ 304,257  $  (15,673,553)  $      (10,653)
                              ===========   ==========     ======   ========   =============       ==========


</TABLE>











See  Notes  to  Financial  Statements

                                       F-4
<PAGE>
                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                      Consolidated Statements of Cash Flows
                       Years Ended June 30, 1999 and 1998
<TABLE>
<CAPTION>




                                                           1999            1998
Cash flows from operating activities:
<S>                                                   <C>             <C>
Net income (loss). . . . . . . . . . . . . . . . . .  $  (8,077,323)  $  (7,192,680)

Adjustments to reconcile net income to net cash
provided by operations:
Share of loss of Heldol Corporation. . . . . . . . .         14,356         100,862
Depreciation and amortization. . . . . . . . . . . .         32,729
Foreign currency translation adjustment. . . . . . .         (1,092)         (4,025)
Common stock issued for services and software. . . .      7,025,000       7,014,000
(Increase) decrease in: (net of acquisitions)
Accounts receivable. . . . . . . . . . . . . . . . .          5,232          (9,886)
Prepaid expenses . . . . . . . . . . . . . . . . . .              8
Increase (decrease) in: (net of acquisitions)
Accounts payable . . . . . . . . . . . . . . . . . .        879,249          16,837
                                                       ------------    ------------
Net cash provided by (used in) operating activities.       (121,841)        (53,346)
                                                       ------------    ------------
Cash flows from investing activities:
Acquisition of Heldol Corporation. . . . . . . . . .         (1,815)
Investment in Heldol Corporation . . . . . . . . . .        (35,930)        (22,031)
Purchase of securities . . . . . . . . . . . . . . .         (8,137)
                                                       ------------    ------------
Net cash used in investing activities. . . . . . . .        (45,882)        (22,031)
                                                       ------------    ------------
Cash flows from financing activities:
Due to shareholder . . . . . . . . . . . . . . . . .        115,748
Sale of common stock . . . . . . . . . . . . . . . .         75,624          88,360
                                                       ------------    ------------
Net cash flow provided by financing activities . . .        191,372          88,360
                                                       ------------    ------------
Net increase in cash equivalents . . . . . . . . . .         23,649          12,983
Cash at beginning of year. . . . . . . . . . . . . .         17,820           4,837
                                                       ------------    ------------
Cash at end of year. . . . . . . . . . . . . . . . .  $      41,469   $      17,820
                                                       ============    ============

Supplemental disclosure of non cash investing
and financing activities

Common stock issued for services . . . . . . . . . .  $   4,325,000   $   7,014,000
Common stock issued for subsidiaries . . . . . . . .  $   2,686,295
</TABLE>




See  Notes  to  Financial  Statements.

                                       F-5
<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                          Notes to Financial Statements

1.          Organization  and  Summary  of  Significant  Accounting  Policies:
Organization - The Company was organized as L.M. Capital, Inc. under the laws of
the  state  of  Colorado  on  August  17, 1989. On November 8, 1996, the Company
changed  its  name  to  Lindsey  Technologies, Inc. On July 20, 1999 the Company
changed  its  name  to  LindseyTechnologies.com,  Inc. The Company is developing
software  and  marketing  software  for  industrial,  medical,  and  commercial
operations.
The  Company  operates  in  Europe and North America. The consolidated financial
statements  include  the  Company  and  its  wholly  owned  subsidiaries, Heldol
Corporation  and  Distributed  Quality  Corp.

Use  of  Estimates  - The preparation of financial statements in conformity with
generally  accepted  accounting principles requires management to make estimates
and  assumptions  that  affect  reported  amounts  of assets and liabilities and
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements  and  the  reported  amounts  of  revenues  and  expenses  during the
reporting  period.  Actual  results  differ  from  those  estimates.

Loss  Per  Common  Share - Loss per common share is computed on the basis of the
weighted  average  number  of  common  shares  during  the  respective  periods.

Cash  Equivalents  -  For  the  purposes  of  reporting  cash  flow, the Company
considers  cash  and  savings  deposits  to  be  cash  equivalents.

Foreign  Currency  Translation  -  Financial  statements  for  the  Company's
subsidiaries  outside  the  United  States  are  translated  in  U.S. dollars at
year-end exchange rates for assets and liabilities and weighted average exchange
rates  for  income  and  expenses.  The  resulting  translation  adjustments are
recorded  as  a  separate  component  of  shareholders'  equity.

Amortization-  The  Company's  investment  in  Heldol  Corporation  includes the
unamortized  excess  of the Company's investment over its equity in Heldol's net
assets.  This  excess  was $58,974 at June 30, 1999, and is being amortized on a
straight-line  basis  over  its  estimated  useful  life  of  five  years.

Principles  of  consolidation- The consolidated financial statements include the
accounts  of the Company and its subsidiaries. Significant intercompany accounts
and  transactions  have  been  eliminated.






                                       F-6
<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)

1.     Organization  and  Summary of Significant Accounting Policies (continued)

     Investment in marketable securities - The Company classifies its marketable
debt  and  equity  securities  as "available for sale". Securities classified as
available  for  sale  are  carried  in  the  financial statements at fair value.
Realized  gains  and  losses,  determined  using  the  average  cost method, are
included  in  earnings;  unrealized  holding  gains and losses are reported as a
other  comprehensive  income.

Property  and  equipment  -  Property  and  equipment are stated at cost, net of
accumulated  depreciation.  Depreciation  is  provided  primarily  by  the
straight-line  method.

2.     Investment  In  Heldol

On June 21, 1996, the Company entered into a joint venture with a team of French
software  engineers  (the Associates) and their wholly owned French corporation,
Helvetius  Ingenierie.
The  Company  and  the  Associates  formed  Heldol Corporation (Heldol) a United
States  corporation,  on  October  25,  1996. The Company capitalized Heldol for
$70,000  giving the Company 35% of Heldol and the Associates 65%. As of June 30,
1998,  the  Company  had  invested $211,286 and owned 50% of Heldol. The Company
accounted  for  the  investment  under  the  equity  method.

On  May  31,  1999,  the Company Acquired all of the Associates stock by issuing
100,000 shares of its common stock. The purchase price was allocated as follows;

<TABLE>
<CAPTION>



<S>                     <C>
Cash . . . . . . . . .  $   (1,815)
Accounts receivable. .       6,717
Property and equipment       8,745
Prepaid expenses . . .         522
Goodwill . . . . . . .      58,914
Accounts payable . . .      (7,993)
                         ---------
                        $   65,090
                         =========
</TABLE>



     The  accompanying  consolidated  financial statements include operations of
Heldol  for  the  one  month  ended  June  30,  1999.



                                       F-7
<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)

2.     Investment  In  Heldol  (continued)

The following unaudited pro-forma results of operations assume that the purchase
occurred  on  July  1,  1998  and  1997,  respectively.
<TABLE>
<CAPTION>




<S>                                  <C>           <C>
                                            1998          1997
Revenues. . . . . . . . . . . . . .  $    80,419             -
Net income (loss) . . . . . . . . .   (8,106,033)  $(7,394,404)
Net income (loss) per common share.  $      (.44)  $      (.45)
</TABLE>



Condensed  financial  information of Heldol Corporation as of and for the period
ended  May  31,1999  and  the  year  ended  June  30,  1998.

Set  forth  below is condensed financial information of Heldol Corporation as of
and for the period ended May 31,1999 and as of for the year ended June 30, 1998.
<TABLE>
<CAPTION>



                                                              1999          1998
<S>                                                       <C>           <C>
Current assets . . . . . . . . . . . . . . . . . . . . .  $     5,424   $      8,489
Other. . . . . . . . . . . . . . . . . . . . . . . . . .        8,745            140
                                                           ----------    -----------
Total assets . . . . . . . . . . . . . . . . . . . . . .       14,169          8,629
                                                           ==========    ===========
Current liabilities. . . . . . . . . . . . . . . . . . .       41,579          8,539
Stockholders' equity . . . . . . . . . . . . . . . . . .      (27,410)            90
                                                           ----------    -----------
Total liabilities and stockholders' equity . . . . . . .  $    14,169   $      8,629
                                                           ==========    ===========

Revenues . . . . . . . . . . . . . . . . . . . . . . . .       41,500
Allowance for loss on investment in Helvetius Ingenierie                    (175,772)
Operating expenses . . . . . . . . . . . . . . . . . . .      (70,211)       (25,952)
                                                           ----------    -----------
Net loss . . . . . . . . . . . . . . . . . . . . . . . .  $   (28,711)  $   (201,724)
                                                           ==========    ===========
</TABLE>



3.     Investment  in  Distributed  Quality  Corp.

On  November  5th 1998, the Company acquired Distributed Quality Corp ('DQC'), a
Colorado  based  company  involved  in  marketing Networking and CORBA framework
software  platforms  for  distributing  quality  related  knowledge  throughout
organizations  using  Internet  technology, for $2,700,000 consisting of 540,000
restricted common shares of the Company valued at $5 per share and assumption of
$865,000  in  liabilities.  DQC was acquired in a merger transaction pursuant to
the  terms  of  a  merger  agreement,  dated  November  5th  1998.


                                       F-8
<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)


3.     Investment  in  Distributed  Quality  Corp.  (continued)

The  acquisition  was  accounted for under the purchase method, and the purchase
price  was  allocated  to  the  process  technology.  Prior  to  completing  the
acquisition, the Company conducted reviews in order to determine the fair market
value of the organization and technology to be acquired. These reviews consisted
of  an  evaluation  of  existing  products,  Research and Development in process
(projects  that had not reached technological feasibility and had no alternative
future  use),  customers,  financial position and other matters. The acquired in
process  Research  and  Development  represent unique and emerging technologies.


On  August  31, 1998 DQC signed an agreement with Stellarx SA, a French software
startup  company  that  provides software infrastructure for developing Internet
based  application  software  solutions.

This  agreement  stipulates  that  DQC  buy  the  Stellarx Framework Development
toolkit (TM) license for a price of $300,000. This software environment includes
an  XML  document  manager  and repository, a workflow engine and an application
designer.  It also includes a Versant (TM) ODMS development license. (Versant is
a  trademark  of  Versant  Corp.;  Stellarx  is  a  trademark of Stellarx S.A.).

Under  the  terms  of this agreement, DQC also has a right to integrate Stellarx
and  Versant  ODBMS  runtime software pieces in its own application software and
distribute  the  whole  as  a  package  to its clients. This right is worldwide,
unlimited  in  time  and  exclusive for application software related to quality,
regardless of the business sector. DQC is required to pay 10% of its application
license  revenues  and  5%  of  its  license maintenance revenues to Stellarx as
compensation  for this right and to contribute to Research and Development costs
of  Stellarx  for  each  year ended December 31 as follows: 1998: $15,000; 1999:
$100,000;  2000:  $200,000;  2001:  $250,000.

Prior  to  the  transaction,  the  Company  had  evaluated  the establishment of
technological  feasibility  of  acquired in process technology. Due to the early
stage  of  completion at the date of acquisition, the Company has concluded that
it  could  not  determine, with any reasonable degree of accuracy, technological
feasibility  until  the acquired in process technology was delivered and tested.
The  purchased software was not fully delivered to DQC at the date of the merger
transaction.

In  conformity  with SFAS NO. 86, "Accounting for the Costs of Computer Software
to  be  sold, Leased or otherwise Marketed", the total purchase price of DQC has
been  allocated  to  Research  and  Development expenses. The purchase price and
costs  directly  attributable  to  completion  of  the  acquisition  were  not
significant.  No significant adjustments were required to conform the accounting
policies  of  the  acquired  companies.

The  Company may continue to incur charges for acquired in process technology in
connection  with  future  acquisitions,  which  will  increase operating and net
losses  for  the  periods  in  which  the  acquisitions  are  consummated.


                                       F-9

<PAGE>
                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)

4.     Research  and  Development  expenses

     The Company conforms to the requirements of SFAS no 86, "Accounting for the
Costs  of  Computer  Software  to  be sold, Leased or otherwise Marketed", which
requires  capitalization  of  costs  incurred  in  developing  new software once
technological  feasibility,  as  defined,  has been reached. Costs of developing
software  and Research and Development are expensed as incurred. The Company did
not  capitalize  any  software development costs during the years ended June 30,
1999  and  1998.

Except for the expenses related to the merger transaction with DQC, Research and
Development  expenses  for  all  periods  presented  consisted  primarily  of
compensation  and  consulting  fees  to  support  Research  and  Development for
conception,  modeling  and  development  of  the  Company's application software
called  Key-Qual,  a  net  based  tool for certification and organization of all
existing  production  processes  covering industry, services, administration and
medical  sectors.

These  expenses  may  vary  from  one  period  to the other because expenses are
recorded  when  cooperation  contracts have been signed and stock issuances have
been  authorized  by  a  board meeting, which does not occur everyday. Such wide
variation  of  expenses  may  occur  in  the  future.

The Company believes it has budgeted adequate Research and Development resources
to  complete  the  contemplated  projects  over time periods ranging from six to
eighteen  months  form the dates of acquisition in order to finalize development
of  finished  application  software.


5.     Marketable  securities

Unrealized  gains  and losses of marketable equity securities available for sale
as  of  June  30,  1999  and  1998  are  as  follows.

<TABLE>
<CAPTION>



                        Amortized     Gross        Gross       Fair
                           Cost     Unrealized   Unrealized   Value
                                      Gains        Losses
June 30, 1999:
Available for
<S>                     <C>         <C>         <C>           <C>
sale equity securities  $    7,944           -  $    (2,607)  $5,337

</TABLE>




                                      F-10

<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)

6.     Related  Party  Transactions

A  Company  wholly  owned  by  the  secretary  was  reimbursed for out of pocket
expenses  in the amount of $24,000 and $14,500 for the years ended June 30, 1999
and  1998  respectively.

The  Company  reimbursed  a  family  member  of  its president for out of pocket
expenses  of  $8,169  and  $2,650  during the years ended June 30, 1999 and 1998
respectively.

The Company has borrowed and paid back funds from the major shareholder's wholly
owned  company.  These  loans  are  at  zero  percent  interest  to the Company.

7.     Public  Offering

The  Company  completed  a  public offering of 20,650 units at $6.00 per unit in
March  1991,  with  gross  proceeds  of  $123,900. Each unit consisted of twelve
common  shares,  no  par  value,  plus  twenty  Class  A and Class B warrants to
purchase common stock. The Class A warrants expired twelve months after the date
of the prospectus on September 13, 1990. The Board of Directors had extended the
time  to  exercise  these  warrants until June 30, 2000. However, these warrants
have  not  been  exercised.
These warrants allowed the holder to purchase eight common shares of stock at an
exercised  price  of  twelve  and one-half cents per share. As of June 30, 2000,
413,000 warrants were issued and outstanding. The other class of warrants, Class
B, has expired on September 13, 1992. The Board of Directors extended the period
to  exercise the warrants through June 30, 2000. However these warrants have not
been  exercised. The holder of these warrants could purchase eight common shares
of stock at an exercised price of eighteen and three-quarter cents per share. As
of  June  30,  1999,  413,000  warrants  were  issued  and  outstanding.

The  Company  has  the  right to redeem these warrants upon a thirty day written
notice  at  a  price of $.0001 per warrant commencing three months from the date
the  prospectus becomes effective. As of June 30, 1999, the Company has redeemed
no  warrants.







                                      F-11

<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)


8.     Preferred  Stock  Series  A

Out  of  the  authorized preferred stock, the Company has designated a "Series A
Convertible  Preferred  Stock" (Series A) with 5,000 as the designated number of
shares.  The  Series  A  holders  are  not entitled to receive dividends but can
convert  one  share  of  Series  A  into  1,600  shares  of  common  stock.

As  a provision of the Series A - " In the event of any voluntary or involuntary
liquidation, dissolution or winding up of the affairs of the Company, the holder
of  each  share  of  Series A shall be entitled to receive, of the assets of the
Company  available  for  distribution,  an  amount  per  share  equal  to $100."

If  the  assets  and  funds  to be distributed among the holders of the Series A
shall  be  insufficient  to permit the payment of the full foresaid preferential
amount  to  such holders then the entire assets and funds of the Company legally
available  for distribution shall be distributed among the holders of the Series
A in proportion to the aggregate preferential amount of all shares held by them.
After  payment  has been made to the holders of the Series A, the holders of the
common  stock  shall be entitled to share ratably in the remaining assets on the
basis  of  the  number  or  shares  held  by  them.

The  holder  of each share of Series A shall have the right to two hundred votes
for  each  share  standing  in his name on the books of the Company. The holders
shall have the right to vote at all meetings of the stockholders held in respect
to  any  matter  upon  which  voting  is  required,  including  the  election of
directors.  These  votes will be aggregated with the votes of the holders of the
Company's  common  stock  and  will  not  be  treated  as  a  separate  class.


9.     Sale  of  Securities

The  Company  has  sold  its securities under a Regulation S Offshore Securities
Agreement.  The  securities  may  not  be  sold in the United States unless they
become  registered  under a securities act or under an exemption of a securities
act.
The  securities  are  sold  in units at $100 per unit. Each unit consists of 100
common  shares,  no  par  value, plus twenty Class A warrants to purchase common
stock at $7 per share and twenty Class B warrants to purchase common stock at $9
per  share.
The  class  A  warrants  expire  December  15, 1999. The Class B warrants expire
December  15,  2000.  The  Company sold 170 and 212 units during the years ended
June  30,  1999  and  1998,  respectively.


                                      F-12

<PAGE>

                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)

10.     Incentive  Stock  Option  Plan

On  August  17,  1989,  the Company adopted an Incentive Stock Option Plan under
which options are intended to qualify as "incentive stock options" under Section
422A of the Internal Revenue Code of 1954 as amended. The options to purchase up
to  500,000 shares of the Company's common stock may be granted to the employees
of  the  Company.  The plan is administered by the Board of Directors, which are
empowered  to  determine the terms and conditions of each option, subject to the
limitation the exercise price cannot be less than the market value of the common
stock  on  the  date  of  grant (110% of the market value in the case of options
granted  to  an employee who owns 10% of the Company's outstanding common stock)
and  no  option  can  have  a term in excess of 10 years (5 years in the case of
options granted to employees who own 10% or more of the Company's common stock).
As  of  June  30,  1999  no  options  have  been  granted.

11.     Income  taxes

Deferred  income  taxes  arise  from the temporary differences between financial
statement  and  income  tax  recognition  of  net  operating  losses. These loss
carryovers  are  limited  under  the  Internal Revenue Code should a significant
change  in  ownership  occur.

A  deferred  tax  asset  arising  from  the  net  operating  loss  carryover  of
approximately  $5,500,000  has  been  offset  by  valuation  allowance.

At  June  30,  1999, the Company has approximately $15,000,000 of unused Federal
net  operating loss carryforwards, which principally expire in the year in 2018.


12.     Going  Concern

The  consolidated  statement of operations presented in the financial statements
reflects  a net loss for year ended June 30, 1999 of $8,077,323. This created an
uncertainty about the Company's ability to continue as a going concern. However,
the  Company  has  been  able  to  improve it's financial position through stock
offerings  and  has  been  able  to  raise  $7,086,919  (including $7,025,000 in
services)  in 1999 and $7,102,360 (including $7,014,000 in services) in 1998 and
through  private  placements.



                                      F-13

<PAGE>


                 LindseyTechnologies.com, Inc. and Subsidiaries
                      (formerly Lindsey Technologies, Inc.)
                    Notes to Financial Statements (continued)

12.     Going  Concern  (Continued)

Management believes that the company future success will be achieved through the
development  under  its  own umbrella of a generic management information system
that  produces  and harmonizes norms and know-how with multi-media capabilities.

While  Management  believes  the Company will be profitable in the future, there
can  be  no assurance of future success. The financial statements do not include
any  adjustments that might be necessary if the Company is unable to continue as
a  going  concern.

13.     Contingency

The  Company  issued shares for services during the year ended June 30, 1998 and
valued those shares at $5 per share. Should the trading price of those shares be
below  that  amount  when  the two year holding period expires, the Company must
make  up the difference in cash. The total amount of the contingency is $80,000.




                                      F-14