<PAGE>

                       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. For the Fiscal Year ended December 31, 2000.

[ ] Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934. For the transition period from ________ to ________.

Commission file number: 0-26828

                                MORO CORPORATION
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

        Delaware                                         51-0338736
----------------------------                         -------------------
(State or other jurisdiction                          (I.R.S. Employer
    of organization)                                 Identification No.)

                             Bala Pointe, Suite 240
                           111 Presidential Boulevard
                         Bala Cynwyd, Pennsylvania 19004
              ----------------------------------------------------
              (Address of principal executive offices and zip code)

                                 (610) 667-9050
                           ---------------------------
                           (Issuer's telephone number)

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

Securities registered under Section 12(g) of the Act:

                          Common Stock, Par Value $.001
                              (Title of each Class)

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or 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[ ]

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of registrant's knowledge, in a definitive proxy or information statement
incorporated by reference in Part III of this Form 10-K or amendment to this
Form 10-K [x]

Issuer's revenues for its most recent fiscal year: $7,738,659.

As of March 12, 2001, the aggregate market value of the voting stock held by
non-affiliates computed by reference to the price at which the stock was sold,
or the average bid and asked prices of such stock was $487,500.


<PAGE>



                   (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                           DURING THE PAST FIVE YEARS)

Check whether the issuer has filed all documents and reports to be filed by
Section 12, 13, or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by the court. Yes [x] No[ ].

                     (APPLICABLE ONLY TO CORPORATE ISSUERS)

As of March 12, 2001, the number of shares outstanding of each class of common
equity was 5,650,000 shares of Common Stock, par value $.001.









<PAGE>


PART I

Item 1.  Description of Business

         The Company was organized as a Delaware corporation on February 12,
1992 to establish a national television network to broadcast high quality
television programming, under the trade name "Cafe USA", to large, enclosed
shopping mall food courts throughout the country. The Company's business was not
successful, generated limited revenues, and substantial losses were incurred.

         On August 13, 1998, the Company filed a Petition for relief under
Chapter 11 of the Bankruptcy Code. On May 7, 1999, the United States Bankruptcy
Court for the District of Delaware confirmed the First Modified Chapter 11 Plan
of Reorganization of the Company ("Plan"). The Plan provided for allocation of
the Company's remaining assets pursuant to the priorities established by the
Bankruptcy Code. The Plan also provided that all of the equity securities of the
Company outstanding prior to confirmation of the Plan were canceled and that the
stock of the Company would be issued as follows: 85% to David and Jacqueline
Menard; 10% to the Company's former shareholders; and 5% to the Company's
unsecured creditors.

         On June 7, 1999, the Company changed its name from Food Court
Entertainment Network, Inc. to Moro Corporation.

         From May 1999 through March 31, 2000, the Company was an inactive
public shell. As of April 1, 2000, the Company, through its newly formed
subsidiary, Moro Acquisition Corp. ("MAC"), purchased substantially all of the
operating assets and inventories of J.M. Ahle Co., Inc., a New Jersey
corporation ("Ahle"). Ahle is a fabricator and distributor of reinforcing steel
to contractors and subcontractors for use in the construction of highways,
airports, bridges, treatment facilities, schools, public facilities, industrial
and commercial buildings, and other structures. The Company intends to expand
the business of Ahle and to continue to investigate and, if appropriate, pursue
other potential business acquisitions.

         As part of the transaction, MAC assumed substantially all of the known
operating liabilities of Ahle. In addition, MAC acquired the assets of Ahle for
their net book value plus $100,000, all as set forth in the Asset Purchase
Agreement. The purchase price paid by MAC to Ahle was $1,406,212.

         For the entire calendar year 2000, Ahle had unaudited sales and
operating income before taxes of approximately $9,785,000 and $724,000,
respectively.

<PAGE>

         An amount equal to $250,000 of the purchase price is to be paid
pursuant to two promissory notes of MAC, each of which were guaranteed by David
W. Menard and his wife. The first note is in the amount of $150,000, is due in
full on March 31, 2001, and bears interest at 8% per annum. The second note is
in the amount of $100,000, does not bear interest, and is payable in 12 equal
quarterly installments commencing on April 1, 2001 with the final installment
due on January 1, 2004. The remainder of the purchase price was funded by the
Company's cash resources and a line of credit made available to MAC from
Sovereign Bank of Wyomissing, Pennsylvania, in the amount of up to $1,250,000, a
term loan of $125,000 from Sovereign Bank to MAC, and a subordinated loan from
David W. Menard and his wife to MAC in the amount of $300,000.

         In connection with this transaction, David W. Menard and his wife, the
Company's principal stockholder, contributed $205,750 of cash as additional
paid-in-capital and in connection therewith no additional shares of Common Stock
were issued. In addition, 571,429 shares of Common Stock were sold by the
Company in a private placement at $.35 per share resulting in total proceeds of
$200,000.

Employees

         As of December 31, 2000, the Company had 17 employees, all employed by
MAC on a full time basis.

Item 2. Description of Property.

         The Company is headquartered at the offices of Colmen Menard Company,
Inc. ("Colmen Menard") at 111 Presidential Boulevard, Suite 240, Bala Cynwyd,
Pennsylvania 19004, telephone 610-667-9050, fax 610-667-9915. Colmen Menard,
which is owned by the David Menard, provides offices, facilities and secretarial
and administrative services without cost to the Company.

         The Company's subsidiary, MAC, operates from an approximately 1,500
square foot leased warehouse facility and contiguous 3 acre yard site located at
Foot of Herman Street, South River, New Jersey. The lease provides for a rental
payment of $3764 per month and expires on May 1, 2001.

Item 3. Legal Proceedings.

         Not applicable.

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

         Not applicable.

<PAGE>


PART II

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

         The authorized capital stock of the Company consists of 25,000,000
shares of Common Stock, par value $.001 per share, and 5,000,000 shares of
preferred stock, par value $.001 per share (the "Preferred Stock"). The Company
has not paid and does not contemplate the payment of any dividends in the
foreseeable future. The Company's Common Stock is traded on the National
Association of Securities Dealer's, Inc. OTC Bulletin Board under the symbol
MRCR.OB. The Common Stock began trading on the OTC Bulletin Board in August
2000. From that date through December 31, 2000, the high bid price for the
Common Stock was $3.00 and the low bid price for the Common Stock was $.34.
These quotations reflect inter-dealer prices, without retail mark-up, mark down
or commission, and may not reflect actual transactions. On December 31, 2000
there were approximately 325 shareholders of record of the Common Stock.

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

Plan of Operations

         Prior to April 1, 2000, the Company was an inactive public shell. As of
April 1, 2000, the Company acquired substantially all of the operating assets of
J.M. Ahle Co., Inc.("Ahle"), a fabricator and distributor of reinforcing steel
to the construction industry. The Company intends to expand the business of Ahle
and to continue to investigate and, if appropriate, pursue other potential
business acquisitions.

Results of Operations

         During the twelve months ended December 31, 2000, the Company had
revenues of $7,738,659, gross profit of $2,578,710, net income of $332,311, and
earnings per share of $.06. All of the revenues for the twelve months ended
December 31, 2000 were attributable to the Company's operating subsidiary, J.M.
Ahle Co., Inc. ("Ahle") which was acquired by the Company as of April 1, 2000.

         On a pro forma basis, annual revenues for the year ended December 31,
2000 were $9,785,343 compared to $7,937,110 for the year ended December 31,
1999, a 23.3% increase. The increase was attributed primarily to additional
quantities of goods sold due to greater product demand from customers. Pro forma
gros profit increased from $2,479,682 to $3,265,898 for the years ended December
31, 1999 and 2000, respectively. This represented an increase of $786,216 or
31.7% primarily as a result of increased sales volume, but also due to increased
gross profit margins. Pro forma net income increased from $320,913 to $427,199
for the years ended December 31, 1999 and 2000, respectively. This represented
an increase of $106,286 or 33.1% primarily as a result of increased sales

<PAGE>

volume, but also due to increased profit margins offset partially by interest
expense incurred during 2000, whereas no interest expense was incurred during
1999.

Liquidity and Capital Resources

         For the twelve month period ended December 31, 2000, there was a net
increase in cash of $460,458. This was attributable to the net cash provided by
financing activities of $1,922,461 and cash provided by operating activities of
$260,579 less cash used for investing activities of $1,722,582. As of December
31, 2000, total cash on hand was $460,458, and working capital was $871,982.

         The Company financed the purchase of Ahle through a combination of bank
financing, loans and capital contributions from its principal stockholder, and
sales of equity securities of the Company. The Company intends to finance the
operations of Ahle through use of the bank line of credit as well as from funds
generated by the operations of Ahle. The Company believes these financial
resources are adequate to fund the current level of operations.

Item 7. Financial Statements.
                                                                Page

Report of Independent Auditors                                  F-1

Balance Sheets                                                  F-2

Statement of Operations                                         F-3

Statement of Stockholders' Equity                               F-4

Statement of Cash Flows                                         F-5

Notes to Financial Statements                                   F-6



<PAGE>


                                MORO CORPORATION

                              FINANCIAL STATEMENTS

                           DECEMBER 31, 2000 AND 1999





<PAGE>


                                MORO CORPORATION

                                TABLE OF CONTENTS

                           DECEMBER 31, 2000 AND 1999

                                                                     PAGE
                                                                     ----

Independent Auditor's Report                                           3

Financial Statements:
      Balance Sheets                                                   4
      Statements of Operations                                         5
      Statements of Stockholders' Equity                               6
      Statements of Cash Flows                                         7

Notes to Financial Statements                                       8-17




<PAGE>


                          INDEPENDENT AUDITOR'S REPORT



Board of Directors and Stockholders
Moro Corporation
Bala Cynwyd, Pennsylvania


We have audited the accompanying consolidated balance sheets of Moro Corporation
and consolidated subsidiary as of December 31, 2000 and 1999, and the related
consolidated statements of operations and stockholders' equity and cash flows
for the years then ended. These financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we 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.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of Moro Corporation as
of December 31, 2000 and 1999 and the results of its operations and its cash
flows for the years then ended in conformity with generally accepted accounting
principles.



                                              LARSON, ALLEN WEISHAIR & CO., LLP


Blue Bell, Pennsylvania
February 1, 2001


                                      (3)

<PAGE>

                                MORO CORPORATION
                           CONSOLIDATED BALANCE SHEETS
                           DECEMBER 31, 2000 AND 1999

<TABLE>
<CAPTION>
                                     ASSETS

                                                        2000                  1999
                                                        ----                  ----
<S>                                                   <C>                    <C>
Current assets:
    Cash                                           $   460,458
    Accounts receivable                              1,588,004
    Inventory                                          516,345
    Other current assets                                10,179
                                                   -----------
          Total current assets                       2,574,986

Equipment, net                                         287,657

Deposits                                                11,653
                                                   -----------

                                                    $2,874,296
                                                   ===========


                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
    Line of credit                                  $  865,600
    Note payable and current portion
     of long-term debt                                 222,006           $    50,000
    Accounts payable                                   430,861
    Accrued expenses                                   160,337                 1,674
    Income taxes payable                                16,000                     -
                                                    ----------           -----------
          Total current liabilities                  1,694,804                51,674
                                                    ----------           -----------

Long-term liabilities:
    Long-term debt, net of current portion             454,105
    Deferred tax liability                               4,000
                                                    ----------
          Total long-term liabilities                  458,105
                                                   -----------

Stockholders' equity:
    Common stock, $.001 par value; authorized
      25,000,000 shares; issued and outstanding
      5,000,000 shares at December 31, 1999 and
      5,650,000 shares at December 31, 2000              5,650                 5,000
    Additional paid-in capital                         493,925                53,825
    Retained earnings (accumulated deficit)            221,812              (110,499)
                                                    ----------           -----------
                                                       721,387               (51,674)
                                                    ----------           -----------

                                                    $2,874,296           $         -
                                                    ==========           ===========
</TABLE>


                 See notes to consolidated financial statements

                                       (4)


<PAGE>


                                MORO CORPORATION
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                 FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
<TABLE>
<CAPTION>

                                                        2000                  1999
                                                        ----                  ----
<S>                                                   <C>                    <C>
Sales                                                $7,738,659

Cost of sales                                         5,159,949
                                                    -----------

Gross profit                                          2,578,710
                                                    -----------

Operating expenses:
     Selling, general and administrative expenses     1,882,942         $     47,933
     Depreciation expense                                28,713              103,628
                                                    -----------         ------------
                                                      1,911,655              151,561
                                                    -----------         ------------

Operating income (loss)                                 667,055             (151,561)

Other income (expense):
     Interest income                                      3,761
     Interest expense                                  (118,505)              (1,674)
                                                   ------------         ------------

Income (loss) before income taxes                       552,311             (153,235)

Provision for income taxes                              220,000                    -
                                                    -----------         ------------

Net income (loss) before reorganization items           332,311             (153,235)

Reorganization items                                          -              771,281
                                                    -----------         ------------

Net income                                          $   332,311         $    618,046
                                                    ===========         ============

Earnings per share - basic and diluted                     $.06
                                                           ====

Weighted average shares                               5,334,214
                                                    ===========

</TABLE>

                 See notes to consolidated financial statements


                                      (5)

<PAGE>


                                MORO CORPORATION
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                 FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
<TABLE>
<CAPTION>

                                                              Net Assets        Common       Additional      Retained
                                                            in Liquidation       Stock    Paid-in Capital    Earnings      Total
                                                            --------------      -------   ---------------    ---------     -----
<S>                                                         <C>                <C>          <C>              <C>          <C>
Predecessor Company, beginning                                 $1,579,455                                               $ 1,579,455

Write-down of fixed assets to estimated realizable value       (2,045,000)                                               (2,045,000)

Accrual of obligation under employment contract                  (263,000)                                                 (263,000)
                                                               ----------                                               -----------

Net liabilities in liquidation - Predecessor Company
  December 31, 1998                                              (728,545)                                                 (728,545)

Net loss for four months - Predecessor Company                    (42,736)                                                  (42,736)

Reorganization                                                    771,281                                                   771,281

New stock issuance                                                              $5,000         $ 53,825                      58,825

Net loss for eight months - Reorganized  Company                                                            $(110,499)     (110,499)
                                                               ----------       ------         --------     ---------     ---------

Balance at December 31, 1999 - Reorganized Company                               5,000           53,825      (110,499)      (51,674)

Issuance of common stock                                                           571          199,429                     200,000

Issuance of common stock for services                                               29            9,971                      10,000

Issuance of common stock warrants                                                   50           24,950                      25,000

Principal shareholder contributed capital                                                       205,750                     205,750

Net income for the year ended December 31, 2000                                                               332,311       332,311
                                                               ----------       ------         --------     ---------     ---------

Balance at December 31, 2000                                   $                $5,650         $493,925     $ 221,812     $ 721,387
                                                               ==========       ======         ========     =========     =========

</TABLE>

                 See notes to consolidated financial statements

                                       (6)


<PAGE>

                                MORO CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999

<TABLE>
<CAPTION>

                                                                                  2000                      1999
                                                                                  ----                      ----
<S>                                                                             <C>                         <C>
Cash flows from operating activities:
   Net income                                                                   $  332,311                   $618,046
   Adjustments to reconcile net income to
    net cash provided (used) by operating activities:
      Common stock issued for services                                              10,000
      Depreciation                                                                  28,713
   Changes in assets and liabilities:
      Increase in accounts receivable                                             (181,792)
      Increase in inventory                                                       (516,345)
      Increase in other current assets                                             (10,179)
      Increase in deposit                                                          (11,653)
      Increase (decrease) in accounts payable
       and accrued expenses                                                        589,524                   (913,747)
      Increase in income taxes payable                                              16,000                      5,197
      Increase in deferred taxes                                                     4,000
                                                                                ----------                   --------
Net cash provided (used) by operating activities                                   260,579                   (290,504)
                                                                                ----------                   --------
Cash flows from investing activities:
   Purchase of property and equipment                                             (316,370)
   Acquisition of net assets                                                    (1,406,212)
                                                                                ----------
Net cash used by investing activities                                           (1,722,582)
                                                                                ----------
Cash flows from financing activities:
   Issuance of common stock                                                        225,000
   Capital contributions                                                           205,750
   Proceeds of line of credit                                                    1,065,600
   Repayments of line of credit                                                   (200,000)
   Proceeds of notes payable                                                       644,861                     58,825
   Principal payments of notes payable                                             (18,750)
                                                                                ----------                   --------
Net cash provided by financing activities                                        1,922,461                     58,825
                                                                                ----------                   --------

Net increase (decrease) in cash                                                    460,458                   (231,679)

Cash at beginning of year                                                                                     231,679
                                                                                ----------                   --------

Cash at end of year                                                             $  460,458                   $   -
                                                                                ==========                   ========


Supplemental disclosures of cash flow information:
   Cash paid for interest                                                       $  102,384                   $   -
                                                                                ==========                   =========
   Cash paid for taxes                                                          $  200,000                   $   -
                                                                                ==========                   =========

Supplemental disclosure of non-cash financing activities:
   Common stock issued for services                                             $   10,000                   $   -
                                                                                ==========                   =========
</TABLE>

                 See notes to consolidated financial statements

                                       (7)


<PAGE>

                                MORO CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2000 AND 1999


NOTE 1        DESCRIPTION OF THE BUSINESS

              Moro Corporation, formerly Food Court Entertainment Network, Inc.
              (the "Company"), is a Delaware corporation, which was incorporated
              on February 12, 1992. The Company changed its name on June 7,
              1999. The Company's plan was to establish a national television
              network to broadcast a high quality television program called Cafe
              USA, specifically to large, enclosed shopping mall food courts
              across the United States.

              The Company, which had been a development stage company, was
              unable to market its Cafe USA network to advertisers, incurred
              substantial losses and was unable to obtain additional financing.
              Accordingly, the Company, while maintaining the operation of its
              Cafe USA network in twenty malls and continuing to supply updated
              programming to the malls each week, sought a purchaser for its
              assets. In July 1998, the assets and operating leases were sold to
              Prime Spot Media U.S.A. for $422,000. In connection therewith, the
              Company has written down the carrying value of its assets subject
              to the sales agreement to their selling price and has also written
              off certain other assets and has accrued a liability for an
              obligation under an existing employment agreement.

              On June 24, 1998, the Board of Directors adopted a resolution that
              the corporation file a petition for relief under Chapter 11 of
              Title II of the United States Code (the Bankruptcy Code). The
              voluntary petition was subsequently filed on August 13, 1998.

              On May 3, 1999 (the "Confirmation Date"), the U.S. Bankruptcy
              Court confirmed the Company's Plan of Reorganization (the
              "Reorganization"), and the Company emerged from bankruptcy.
              Pursuant to the Reorganization, on such date certain indebtedness
              of the Company was canceled in exchange for cash and new equity
              interests.

              Holders of the Company's shares before the confirmation of
              reorganization received 10% of the shares in the emerging entity.

              The Company's creditors received all of the Company's net cash
              assets, 5% of the Company stock in the emerging entity, plus a
              total of $50,000 cash, and a note payable of $50,000 plus interest
              of 5%.

              At the close of business on March 31, 2000, the Company purchased
              substantially all of the operating assets of J.M. Ahle Co., Inc.,
              a New Jersey corporation ("Ahle") for cash. Ahle is a distributor
              of reinforcing steel to contractors and subcontractors for use in
              the construction of highways, airports, bridges, treatment
              facilities, schools, public facilities, industrial and commercial
              buildings, and other structures.


                                      (8)
<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999



NOTE 2        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

              Fresh Start Reporting
              ---------------------

              As of April 30, 1999, the Company adopted Fresh Start Reporting in
              accordance with the American Institute of Certified Public
              Accountant's Statement of Position 90-7 "Financial Reporting by
              Entities in Reorganization under the Bankruptcy Code", ("SOP
              90-7"). Fresh Start Reporting resulted in material changes to the
              Condensed Consolidated Balance Sheet, including valuation of
              assets, intangible assets (including goodwill) and liabilities at
              fair market value and valuation of equity based on the appraised
              reorganization value of the ongoing business.

              Principles of Consolidation
              ---------------------------

              The consolidated financial statements include the accounts of the
              Company's majority-owned subsidiary. All intercompany accounts and
              transactions have been eliminated.

              Cash and Cash Equivalents
              -------------------------

              For purposes of reporting cash flows, the Company considers all
              cash accounts, which are not subject to withdrawal restrictions or
              penalties, and certificates of deposit and commercial paper with
              original maturities of 90 days or less to be cash or cash
              equivalents.

              Accounts Receivable
              -------------------

              The allowance for doubtful accounts is based on management's
              evaluation of outstanding accounts receivable at the end of the
              year. No allowance for doubtful accounts has been provided, since
              management believes all accounts are collectable.

              Inventory
              ---------

              Inventory is recorded at the lower of cost or market using the
              first-in, first-out (FIFO) method. As of December 31, 2000,
              inventories consist of raw materials of $516,345.

              Equipment and Depreciation
              --------------------------

              Property and equipment are carried at cost. Depreciation is
              calculated using the straight-line method over their estimated
              useful lives of seven years.

              Revenue Recognition
              -------------------

              Revenue from product sales is recognized upon shipment to the
              customers.


                                      (9)

<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999



NOTE 2        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

              Income Taxes
              ------------

              Income taxes are provided for the tax effects of transactions
              reported in the financial statements and consist of taxes
              currently due plus deferred taxes related primarily to differences
              between the basis of balance sheet items for financial and income
              tax reporting. The deferred tax liabilities represent the future
              tax return consequences of those differences, which will either be
              taxable or deductible when the liabilities are settled.

              Use of Estimates
              ----------------

              The preparation of financial statements in conformity with
              generally accepted accounting principles 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 reporting
              period. Actual results could differ from those estimates.

              Recently Issued Accounting Principles
              -------------------------------------

              In June 1998, the FASB issued FAS 133, Accounting for Derivative
              Instruments and Hedging Activities, which we will be required to
              adopt for the year ending December 31, 2001. FAS 133 establishes
              new methods of accounting for derivative financial instruments and
              hedging activities related to those instruments, as well as other
              hedging activities. Because we do not currently hold any
              derivative financial instruments and are not currently engaged in
              hedging activities, the adoption of FAS 133 is not expected to
              have a material impact on our financial condition or results of
              operations.

              In March 2000, the FASB issued FASB Interpretation No. 44 (FIN
              44), Accounting for Certain Transactions Involving Stock
              Compensation. The Company adopted FIN 44 effective July 1, 2000
              with respect to certain provisions applicable to new awards,
              exchanges of awards in a business combination, modifications to
              outstanding awards, and changes in grantee status that occur on or
              after that date. FIN 4 addresses practice issues related to the
              application of Accounting Practice Bulletin Opinion No. 25,
              Accounting for Stock Issued to Employees. The impact on the
              Company's financial statements is not expected to be material.

              In December 1999, the Securities and Exchange Commission (SEC)
              issued Staff Accounting Bulletin No. 101 (SAB 101), Revenue
              Recognition in Financial Statements. In June 2000, the SEC staff
              amended SAB 101 to provide registrants with additional time to
              implement SAB 101. The Company expects to adopt SAB No. 101
              effective October 2000. The impact on the Company's financial
              statements is not expected to be material.


                                      (10)

<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999



NOTE 2        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

              Earnings Per Share of Common Stock
              ----------------------------------

              In 1997, the Financial Accounting Standards Board issued SFAS No.
              128, Earnings per Share. SFAS No. 128 replaced the previously
              reported primary and fully diluted earnings per share with basic
              and diluted earnings per share, respectively. Unlike the
              previously reported primary earnings per share, basic earning per
              share excludes the dilutive effects of stock options. Diluted
              earnings per share is similar to the previously reported fully
              diluted earnings per share. Earnings per share amounts have been
              calculated in accordance with requirements of SFAS No. 128. For
              the year ended December 31, 2000, the computation of diluted
              earnings per share was antidilutive; therefore, the amounts
              reported for basic and dilutive earnings per share were the same.

              The weighted average number of common shares outstanding and net
              income (loss) per common share for the year ending December 31,
              1999 have not been presented because, due to the restructuring and
              implementation of Fresh Start Reporting, they are not comparable
              to subsequent periods.

NOTE 3        ACQUISITION

              At the close of business on March 31, 2000, the Company purchased
              substantially all of the operating assets of J.M. Ahle Co., Inc.,
              a New Jersey corporation ("Ahle") for cash and notes payable. Ahle
              is a distributor of reinforcing steel to contractors and
              subcontractors for use in the construction of highways, airports,
              bridges, treatment facilities, schools, public facilities,
              industrial and commercial buildings, and other structures.

              As part of the transaction, the Company assumed substantially all
              of the known operating liabilities of Ahle. In addition, the
              Company acquired the assets of Ahle for their net book value plus
              $100,000, all as set forth in the Asset Purchase Agreement. The
              purchase price paid by the Company was $1,406,212.

              The following unaudited pro forma consolidated results of
              operations are presented as if the acquisition of Ahle had been
              made at the beginning of the periods presented. The unaudited pro
              forma information is not necessarily indicative of the results of
              operations that would have occurred had the purchase been made at
              the beginning of the periods presented or the future results of
              the combined operations.


                                      (11)
<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999




NOTE 3        ACQUISITION (continued)

<TABLE>
<CAPTION>
                                                                              Year Ended December 31,
                                                                              -----------------------
                                                                            2000                  1999
                                                                            ----                  ----
                   <S>                                                   <C>                 <C>
                    Sales                                                $9,785,343            $7,937,110
                    Cost of sales                                         6,519,445             5,457,428
                    Gross profit                                          3,265,898             2,479,682
                    Operating expenses                                    2,427,088             1,935,761
                                                                         ----------            ----------
                    Operating income                                        838,810               543,921
                    Interest expense - net                                  114,744
                                                                         ----------            ----------
                    Income before income taxes                              724,066               543,921
                    Provision for income taxes                              296,867               223,008
                                                                         ----------            ----------

                    Net income                                           $  427,199            $  320,913
                                                                         ==========            ==========

                    Basic earnings per common share                            $.08                  $.06
                                                                               ====                  ====
                    Diluted earnings per common share                          $.08                  $.06
                                                                               ====                  ====

                    Weighted average shares                               5,334,214             5,000,000
                                                                         ==========            ==========
</TABLE>

NOTE 4        REORGANIZATION ITEMS

              In accordance with SOP 90-7, expenses resulting from the Chapter
              11 reorganization should be reported separately as reorganization
              items in the Condensed Consolidated Statements of Operations.

NOTE 5        LEASE

              The Company leases its facility under an operating lease expiring
              in May 2001. Rent expense was $33,170 for the year ended December
              31, 2000.

NOTE 6        DEMAND NOTES PAYABLE, BANK

              The Company has available a $1,250,000 line of credit from a bank
              which accrues interest at prime plus .75% (9.75% at December 31,
              2000). At December 31, 2000 borrowings on the line of credit were
              $865,600. The line of credit is secured by all corporate assets.

NOTE 7        NOTE PAYABLE, CREDITOR

              The Company has a short-term note payable due on demand, which
              accrues interest at 5% per annum. The balance at December 31, 2000
              and 1999 was $50,000.


                                      (12)



<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999




NOTE 8        LONG-TERM DEBT
                                                                        2000
                                                                        ----
              Term loan, bank, due April 1, 2005, payable in
              60 equal monthly principal and interest
              installments at 9.00% annum. Corporate assets
              are pledged as collateral.                              $106,250

              Subordinate term loan, due April 1, 2005, payable
              in 60 monthly interest installments at 9.0% per
              annum. Principal payable in equal annual
              installments of $75,000 beginning on April 1, 2002.
              Equipment is pledged as collateral.                      300,000

              Term loan due April 1, 2004, principal installment
              of $150,000 is due March 31, 2001 and bears interest
              at 8% per annum. The remainder is payable in twelve
              equal quarterly installments beginning April 1, 2001
              and ending April 1, 2004 and bears no interest.
              Interest has been imputed at 8% per annum.               219,861
                                                                      --------
                                                                       626,111
              Less: current portion                                    172,006
                                                                      --------

                                                                      $454,105
                                                                      ========

              Maturities of long-term debt are as follows:

                       2001                     $172,006
                       2002                      122,357
                       2003                      124,615
                       2004                      127,084
                       2005                       80,049
                                                --------

                                                $626,111
                                                ========

NOTE 9        LEGAL PROCEEDINGS

              The Company is not a party to any pending legal proceedings.

NOTE 10       COMMON AND PREFERRED STOCK

              The total number of shares of all classes of stock which the
              Company has authority to issue is 30,000,000 shares, consisting of
              (a) twenty-five million (25,000,000) shares of Common Stock, par
              value $.001 per share, and (b) five million (5,000,000) shares of
              Preferred Stock, par value $.001 per share. The preferred stock
              may be issued in one or more series, and may have such voting
              powers, full or limited, or no voting powers, and such
              designations, preferences and relative, participating, optional or
              other special rights and qualifications, limitations, or
              restrictions as shall be stated in the resolution or resolutions
              providing for the issue thereof adopted by the Board of Directors
              of the Company, from time to time.

                                      (13)

<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999



NOTE 10       COMMON AND PREFERRED STOCK (continued)

              On March 31, 2000, the Company sold 571,429 shares of common stock
              for $.35 per share for a total of $200,000 and issued 28,571
              shares at $.35 per share in exchange for legal services rendered
              to the Company.

              On August 1, 2000, the Company sold 50,000 units each consisting
              of one share of common stock and two warrants to purchase common
              stock at $.75 per share. Each unit was sold for $.50 per share.
              The common stock was recorded at $.495 per share and the warrants
              at $.005 per share. The warrants expire on July 31, 2003.

              In 2000 the Company's principal stockholder contributed $205,750
              of cash as additional paid-in capital. No additional shares of
              common stock were issued in connection with this transaction.

NOTE 11       INCENTIVE STOCK OPTION PLAN

              In 2000, the Company established an incentive stock option plan
              (the Plan) and presently has reserved 300,000 shares of the
              Company's common stock for issuance under the Plan. Options
              granted pursuant to the Plan and contractual agreements at
              December 31, 2000 were 60,000 and those options were granted to
              key employees. The exercise price is $.75 per common share, and
              vest over five years. All issuances were granted at the fair
              market value of the Company's common stock at time of grant.

              Transactions are as follows:
              <TABLE>
              <CAPTION>
                                                                                                Weighted Average
                                                                           Exercise Price        Exercise Price
                                                   Option      Vested        Per Vested            Per Vested
                                                   Shares       Share       Common Share          Common Share
                                                   ------      -------      ------------        -----------------
              <S>                                  <C>           <C>          <C>                <C>
              Balance, December 31, 1999                 0         0

              Granted during the year               60,000         0            $.75                  $.75
                                                   -------      ----

              Balance, December 31, 2000            60,000         0
                                                    ======      ====
</TABLE>

              The Company accounts for stock-based compensation in accordance
              with SFAS No. 123, Accounting for Stock-Based Compensation, which
              permits the use of intrinsic value method described in APB Opinion
              No. 25, Accounting for Stock Issued to Employees, and requires the
              Company to disclose the pro forma effects of accounting for
              stock-based compensation using the fair value method as described
              in the optional accounting requirements of SFAS No. 123. As
              permitted by SFAS No. 123, the Company will continue to account
              for stock-based compensation under APB Opinion No. 25, under which
              the Company has recognized no compensation expense for employee
              granted options and recognized an expense for non-employee granted
              options.

                                      (14)
<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999



NOTE 11       INCENTIVE STOCK OPTION PLAN (continued)

              Had compensation cost for the Company's stock option plan been
              determined based on the fair value of the Company's common stock
              at the dates of awards under the fair value method of SFAS No.
              123, the Company's net income per common share would have been
              reduced to the pro forma amounts indicated below.

                                                                        2000
                                                                        ----
                      Net income:
                          As reported                                  $332,331
                          Pro forma                                    $313,311

                      Net income per common share basic and diluted:
                          As reported                                      $.06
                                                                           ====
                          Pro forma                                        $.06
                                                                           ====

              Significant assumptions used to calculate the above fair value of
              the awards are as follows:

                                                                         2000
                                                                         ----
                      Risk free interest rates of return                  6.00%
                      Expected option life                            60 months
                      Volatility                                            .25
                      Expected dividends                                     $0

NOTE 12       INCOME TAX PROVISION

              The income tax provision for the year ended December 31, 2000
              consisted of the following:

                                                                         2000
                                                                         ----
                           Current:
                               Federal                                 $163,000
                               State                                     53,000
                                                                       --------
                                                                        216,000
                                                                       --------
                           Deferred:
                               Federal                                    3,000
                               State                                      1,000
                                                                       --------
                                                                          4,000
                                                                       --------
                                                                       $220,000
                                                                       ========

                                      (15)

<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999



NOTE 12       INCOME TAX PROVISION (continued)

              Deferred income taxes reflect the net tax effects of temporary
              differences between the carrying amounts of assets and liabilities
              for financial reporting purposes and the amounts used for income
              tax purposes. Significant components of the Company's deferred tax
              assets are approximately as follows:

                                                                      2000
                                                                      ----
                       Gross deferred tax liabilities:
                               Depreciation                          $4,000
                                                                     ======

              A reconciliation of income taxes computed at the United States
              federal statutory income tax rate to the provision for income
              taxes reflected in the Consolidated Statements of Income for the
              years ended December 31, 2000 and 1999 is as follows:

                                                               2000      1999
                                                               ----      ----

                      U.S. Federal income tax (benefit)
                       at Federal statutory rate           $188,000    $(38,000)

                      Sur-tax exemption                        -         11,000

                      State and local income taxes, net
                       of Federal income tax                 34,000        -

                      Non-deductible depreciation of
                       preconfirmation assets                   -        23,000

                      Change in valuation allowance          (2,000)      2,000

                      Other                                     -         2,000
                                                            --------    -------

                                                            $220,000    $  -
                                                            ========    =======

              At December 31, 2000, the reorganized Company had preconfirmation
              net operating loss of approximately $48,000. Utilization of net
              operating loss, which expires in 2019, may be subject to certain
              limitations under Section 382 of the Internal Revenue Code of
              1986, as amended. A charge to additional paid in capital will be
              recorded as the preconfirmation net operating loss is utilized.

                                      (16)

<PAGE>


                                MORO CORPORATION
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                           DECEMBER 31, 2000 AND 1999




NOTE 13       FINANCIAL INSTRUMENTS

              Concentration of credit risk
              ----------------------------

              Financial instruments, which potentially subject the Company to
              concentration of credit risk, consist primarily of cash and
              accounts receivables.

              The Company has concentrated its credit risk for cash by
              maintaining substantially all of its depository accounts in a
              single financial institution. Accounts in the bank are guaranteed
              by the Federal Depository Insurance Corporation (FDIC) up to
              $100,000. At various times throughout the year the Company had
              cash balances that exceeded FDIC limit. The financial institution
              has a strong credit rating, and management believes that the
              credit risk is minimal.

              While the Company does not require collateral on its trade
              accounts receivable.

              Fair value of financial instruments
              -----------------------------------

              Cash, accounts receivables and accounts payable approximate their
              fair values due to the short maturity of these instruments. The
              line of credit, which has a variable interest rate, and term loans
              approximate fair value based on their redemption value.








                                      (17)
<PAGE>



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

         Not applicable.

PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons

         The executive officers and Directors of the Company, as of December 31,
2000, together with their ages and business backgrounds are as follows:


     Name                     Age                      Position
     ----                     ---                      --------

David W. Menard                63                  Chairman of the Board of
                                                   Directors, Chief Executive
                                                   Officer, President

Lawrence J. Corr               57                  Vice President, Director

Phillip Naides                 70                  Director

Douglas M. Lurio               44                  Director


         Each Director holds office until the next annual meeting of
shareholders or until his successor has been elected and qualified. Members of
the Board of Directors do not currently receive any compensation for serving as
a Director. The following is a summary of the business experience of each
executive officer and Director.

         David W. Menard has been the Chairman of the Board and Chief Executive
Officer of the Company since May 1999. He is founder, principal shareholder,
President and CEO of Colmen Menard Company, Inc., a private investment banking
firm founded in 1993, that provides merger and acquisition, corporate finance
and business advisory services. David W. Menard was co-founder, President and a
fifty percent shareholder of a predecessor affiliate founded in 1983. During the
past fifteen years, David W. Menard has managed and overseen, in the role of an
intermediary, over one hundred merger and acquisition transactions.



<PAGE>


         Lawrence J. Corr has been Vice President and a Director of the Company
since May 2000. He has been Managing Director of Colmen Menard Company, Inc.
since 1993. Mr. Corr focuses on environmental companies such as those involved
in hazardous and solid waste management, industrial and commercial cleaning and
maintenance, pollution control equipment, asbestos, recycling, and related
products and services as well as consulting engineering firms and industrial
distribution companies.

         Phillip Naides become a Director of the Company in May 2000. He is a
private investor and retired President of T-Thermal Company, a manufacturer of
industrial pollution control systems.

         Douglas M. Lurio became a Director of the Company in May 2000. He is
the founder and senior partner of the law firm of Lurio & Associates, P.C. Mr.
Lurio focuses his legal practice in the area of corporate and securities law.

Item 10. Executive Compensation.

         During calendar year 2000, David W. Menard, the Chief Executive Officer
of the Company, did not receive any compensation for his services rendered to
the Company.

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

         The following table sets forth information regarding beneficial
ownership of Common Stock by all persons known to the Company to have owned more
than 5% of the outstanding shares of Common Stock on December 31, 2000, and the
Common Stock beneficially owned by the directors and officers of the Company as
of such date.


<PAGE>


                                                               Percentage of
         Name and Address            Number of Shares(1)   Outstanding Shares(2)
         ----------------           --------------------   ---------------------
         David W. &                       4,170,000(3)              71.8%
         Jacqueline J.
         Menard
         Suite 240
         111 Presidential Boulevard
         Bala Cynwyd, PA 19004

         Lawrence J. Corr                    50,000                    *
         Suite 240
         111 Presidential Boulevard
         Bala Cynwyd, PA 19004

         Phillip Naides                      71,429                    *
         1750 Oakwood Road
         Penn Valley, PA 19072

         Douglas M. Lurio                    28,571                    *
         Suite 2340
         2005 Market Street
         Philadelphia, PA 19103

         All Directors and Officers
         as a group (4 persons)           4,320,000                 74.4%

------------------
*Less than one percent.

(1)  Beneficial ownership is determined in accordance with the rules of the
     Securities and Exchange Commission and derives from either voting or
     investment power with respect to securities.

(2)  For purposes of this table, there were 5,810,000 shares of Common Stock
     deemed to be issued and outstanding reflecting the Common Stock outstanding
     as well as the Common Stock underlying the outstanding 100,000 warrants and
     60,000 options.

(3)  Reflects 2,085,000 shares owned by Mr. Menard and 2,085,000 shares owned by
     Mrs. Menard.


Item 12.  Certain Relationships and Related Transactions.

          On March 31, 2000, and as part of the purchase of Ahle by the Company,
David W. Menard and his wife loaned MAC the sum of $300,000. The loan bears
interest at nine percent per annum payable on a monthly basis, in arrears, with
the principal payable in four equal consecutive annual installments of $75,000
with the first such installment due on April 1, 2002. The payment by MAC of the
principal and interest thereunder is subordinated to the payment of all
indebtedness due by MAC to Sovereign Bank. On March 31, 2000, the Menards
borrowed the sum of $300,000 from Sovereign Bank on substantially the same terms
and conditions as exist in connection with the loan made to MAC by the Menards
in the identical principal amount. The Company and MAC have guaranteed repayment
of the loan to the Menards from Sovereign Bank.

<PAGE>


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

         (a)      Exhibits

         Number                            Title

         2.1         First Modified Chapter 11 Plan of Reorganization (with
                     attached Disclosure Statement and Supplemental Disclosure
                     Statement) (incorporated by reference from Exhibit 2.1 to
                     the Report on Form 8- K filed on June 16, 1999)

         3.1         Amended And Restated Certificate of Incorporation of the
                     Company (incorporated by reference from Exhibit 3.1 to Form
                     10-KSB for the year ended December 31, 1997)

         3.1.1       Certificate of Amendment, filed June 7, 1999, to the
                     Amended and Restated Certificate of Incorporation
                     (incorporated by reference from Exhibit 3.1 of the Report
                     on Form 8-K filed on June 16, 1999)

         3.2         By-laws of the Company (incorporated by reference from
                     Exhibit 3.2 to Amendment No. 1 to Registration Statement on
                     Form SB-2 (File No. 33-91054))

         10.1        Asset Purchase Agreement dated March 29, 2000 between Moro
                     Acquisition Corp., David W. Menard and Jacqueline J.
                     Menard, J.M. Ahle Co., Inc., James M. Ahle, Raymond J.
                     Donovan, and Ronald A. Schiavone, as trustee of the Ronald
                     A. Schiavone Living Trust u/t/a/d June 21, 1991, and Ronald
                     A. Schiavone, individually (incorporated by reference to
                     Exhibit 10.1 to the Company's Annual Report on Form 10-KSB
                     for the fiscal year ended December 31, 1999)

         10.2        Loan And Security Agreement dated March 31, 2000, by and
                     between Sovereign Bank, Moro Acquisition Corp. and David W.
                     and Jacqueline J. Menard (incorporated by reference to
                     Exhibit 10.2 to the Company's Annual Report on Form 10-KSB
                     for the fiscal year ended December 31, 1999)

<PAGE>

         10.3        Subordinated Term Note dated March 31, 2000 by Moro
                     Acquistion Corp., as maker, in favor of David W. Menard and
                     Jacqueline J. Menard, as payee, in the principal amount of
                     $300,000 (incorporated by reference to Exhibit 10.3 to the
                     Company's Annual Report on Form 10-KSB for the fiscal year
                     ended December 31, 1999)


         10.4        Surety Agreement dated March 31, 2000 by Moro Corporation
                     in favor of Sovereign Bank (incorporated by reference to
                     Exhibit 10.4 to the Company's Annual Report on Form 10-KSB
                     for the fiscal year ended December 31, 1999)


         10.5        Acquisition Term Note dated March 31, 2000 by David W.
                     Menard and Jacqueline J. Menard, as maker, in favor of
                     Sovereign Bank, as payee, in the principal amount of
                     $300,000 (incorporated by reference to Exhibit 10.5 to the
                     Company's Annual Report on Form 10-KSB for the fiscal year
                     ended December 31, 1999)


         10.6        2000 Stock Option Plan dated August 1, 2000 (Incorporated
                     by reference from Exhibit 10.1 to the Company's Quarterly
                     Report on Form 10-QSB for the quarter ended September 30,
                     2000)

         10.7        Subscription Agreement between the Company and Greenwood
                     Partners, LLC, dated August 1, 2000 (Incorporated by
                     reference from Exhibit 10.2 to the Company's Quarterly
                     Report on Form 10-QSB for the quarter ended September 30,
                     2000)

         10.8        Greenwood Partners Warrant Certificate dated August 1, 2000
                     (Incorporated by reference from Exhibit 10.3 to the
                     Company's Quarterly Report on Form 10-QSB for the quarter
                     ended September 30, 2000)

         (b)  Reports on Form 8-K

         None.




<PAGE>



                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                       MORO CORPORATION

                                       By: /s/ David W. Menard
                                           ---------------------
                                           David W. Menard,
                                           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 and in the capacities and on the dates indicated.

Signatures                              Title                         Date
----------                              -----                         ----

/s/ David W. Menard           President and Director              March 13, 2001
--------------------          (Principal Executive Officer
David W. Menard               and Principal Accounting
                              Officer)

/s/ Lawrence J. Corr          Vice President, Director            March 13, 2001
---------------------
Lawrence J. Corr

                              Director                            March   , 2001
---------------------
Philip Naides


/s/ Douglas M. Lurio          Director                            March 13, 2001
---------------------
Douglas M. Lurio