SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB

                       THE SECURITIES EXCHANGE ACT OF 1934

(Mark One)

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

                       For Fiscal Year Ended June 30, 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 No.: 0-23712

                           GRAND SLAM TREASURES, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Nevada                                            91-1395124
---------------------------------           ------------------------------------
(State or other jurisdiction                (I.R.S. Employer Identification No.)
of incorporation or organization)

                     222 East State Street, Eagle, ID 83616
               ---------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (208) 342-8888
               --------------------------------------------------
               Registrant's telephone number, including area code

                                      None
           ---------------------------------------------------------
           Securities to be registered under Section 12(b) of the Act

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

                           Common Stock, no par value
                           --------------------------
                                (Title of Class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  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
   ---  ---

Check if there is no 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  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB.

The aggregate market value of voting Common Stock held by  non-affiliates of the
Registrant was $1,995,065as of October 1, 2000. The Registrant does not have any
outstanding non-voting equity.

On October 1, 2000, the Registrant had  outstanding  17,551,088 of voting Common
Stock, $.001 par value.

<PAGE>
                                      INDEX
                                   FORM 10-KSB
                            YEAR-ENDED JUNE 30, 2000
                                                                          Page
Item   Description                                                       Number
----   -----------                                                       ------
1       Description of Business.............................................3
2       Properties..........................................................6
3       Legal Proceedings...................................................6
4       Submission of Matters to Vote of Security Holders...................6
5       Market for Registrants Common Equity and Related
        Stockholder Matters.................................................6
6       Management's Discussion and Analysis or Plan of Operations..........7
7       Financial Statements................................................8
8       Changes in and Disagreements with Accountants on Accounting
        And Financial Disclosure............................................9
9       Directors, Executive Officers, Promoters and Control Persons;
        Compliance with Section 16(A) of the Exchange Act...................9
10      Executive Compensation.............................................10
11      Security Ownership of Certain Beneficial Owners and Management.....11
12      Certain Relationships and Related Transaction......................11
13      Exhibits and Reports on Form 8-K...................................11
        Signatures.........................................................12
        Index to Financial Statements.....................................F-1
        Financial Statements..............................................F-2

<PAGE>


                                     PART I

ITEM 1. DESCRIPTION OF BUSINESS.

General

     Grand Slam Treasures, Inc., (the "Company") a Nevada corporation is engaged
in the  purchase  and  marketing  of sports  memorabilia  and  recovered  sunken
treasure.   In  addition,   the  Company  is  developing  various  entertainment
properties  within the United  States.  The Company's  operations are located in
Eagle, Idaho.

History and Development of the Company

     Northwest  Parks LLC ("NWP") was formed as a limited  liability  company on
March 28, 1996 in the State of Idaho.  On March 28, 1996,  NWP acquired a 16.67%
interest in BW Partners LLC (BWP) and certain  other assets and rights valued at
$48,014,  based upon the amounts recorded by BWP from a member in exchange for a
25%  interest in NWP.  The Company  from whom the BWP interest was acquired is a
corporation in which a managing member of NWP held a 20% interest at the time of
the acquisition.  On January 8, 1998, NWP acquired the remaining 83.33% interest
in BWP in exchange for an 8.75% interest in NWP.

     NWP formed  Sweetwater  Holdings  LLC  ("SWH") on January 9, 1997,  for the
purposes of  acquiring  approximately  12 acres of land and a dwelling in Canyon
County,  Idaho, known as The Idaho Center property.  NWP acquired a 99% interest
in SWH, with the  remaining 1% held by a minority  member of NWP. In April 1999,
SWH transferred  approximately 1.5 acres of the property to NWP and NWP sold SWH
and the remaining land of approximately 10.5 acres to a third party.

     NWP  participated  in the  formation of Crossroads  Convenience  Center LLC
("CCC") on June 18, 1998. Based upon the operating agreement,  the Company owned
a 10% interest in CCC, after transferring a 15% interest in CCC to an individual
who is a minority  member in the  Company in partial  satisfaction  of  interest
accrued on a note that was owed to the  individual by NWP. NWP's interest in CCC
was  acquired in  exchange  for a 1.5 acres of  property  acquired  from SWH and
certain development costs incurred on CCC's behalf.

     Prior to fiscal year 2000, CCC had been  developing the  construction of an
automobile   service  center  and  convenience  store  and  had  no  significant
operations.  The Company served as the  construction  manager for the center for
which it received  fees of  approximately  $181,000  and  $165,000 for the years
ended June 30, 2000 and 1999,  respectively.  The service center and convenience
store commenced operations in August 1999.

     In January 1999,  NWP,  along with its two managing  members,  formed Magic
Valley Parks LLC (MVP),  with NWP acquiring a 98% ownership  interest.  In April
1999,  NWP sold a 4.25%  interest in MVP to two members of NWP for $145,000.  On
December  16,  1999  this  4.25%  minority  interest  in MVP was  exchanged  for
interests totaling 1.45% of NWP, at which time MVP terminated operations.

Developments During Fiscal Year 2000

     On December 17,  1999,  the members of NWP  exchanged  100% of their member
interests  for 80% of the  outstanding  common  stock  of  Parks  America!  Inc.
("Parks") (formerly Wincanton  Corporation),  a public company. Parks had ceased
operations at the time of the exchange.  Under the terms of the exchange, NWP is
considered the acquiring entity.

     On June 24, 2000, Parks changed its name to Grand Slam Treasures, Inc.

     The sports  memorabilia  was  acquired in exchange for stock in the Company
and  is  valued  at the  estimated  value  of  the  inventory  on  the  date  of
acquisition.  The  inventory is held for sale by the Company which is evaluating
its various  options for the sale of the  memorabilia.  The Company  continually
re-evaluates  the  estimated   recovery  value  of  the  memorabilia  and  makes
adjustments  as necessary  when it determines  that the value has been impaired.
During the year ended June 30, 2000, the Company acquired a substantial  portion
of the artifacts and treasure of a Spanish galleon that sank in deep water south
of the Dry Tortugas in the Florida Keys in 1622. The artifacts and treasure have
both  archeological  and economic  value.  The Company  acquired the treasure in
exchange  for common stock of the Company with the value based upon an appraisal
of the treasure and negotiations  between the parties.  The Company is assessing
its options for maximizing the value of the treasure.  Management estimates that
the value originally  assigned to the treasure was the minimum value on the date
of the exchange.  The Company continually  re-assesses the value of the treasure
and will make any  adjustments  it deems  necessary  if it  determines  that the
originally recorded value of the treasure has been impaired.

                                       3
<PAGE>

     At June 30,  2000,  the Company  owns a 40.75%  interest in the  Crossroads
Convenience  Center LLC (CCC) which is located on "The Idaho Center" property in
Canyon County,  Idaho. The Company's 10% ownership interest at June 30, 1999 was
increased by 30.75% to 40.75% during 2000 in exchange for an equity  interest in
NWP, which was subsequently  exchanged for 11,090 shares of the Company's common
stock.

     On April 2, 1998,  the  Company  paid  $50,000 for an option to purchase 68
acres of land in  Canyon  County,  Idaho.  Under the  terms of the  option,  the
Company had the right to purchase the land for $2.4 million  during the one year
period  expiring  April 2, 1999.  The option was  extended for a one year period
with a purchase  price of $2.64  million by  payment of an  additional  $50,000,
payable  $3,000 per month for six  months,  $4,000 per month for five months and
$12,000 as a balloon  payment in April,  2000.  The  agreement  provided  for an
additional  one year extension  period for $50,000,  payable  monthly,  with the
option price increased to $2.9 million.  The amounts paid for the option and all
extensions were non-refundable and were to be applied against the purchase price
upon settlement.  On April 20, 2000,  prior to the balloon payment,  the Company
entered into a Settlement  Agreement  whereby the Company was released  from any
and all  obligations  under  the  option.  As a  result,  all  amounts  that had
previously been paid under the option along with the related capitalized project
development costs were charged to general and administrative  expense during the
year ended June 30, 2000. The Company  believed that the development of the site
was not progressing  quickly enough to justify additional  expenditures on these
land parcels. Therefore,  management terminated the agreement for the land until
such time as the project elements are developed  further.  There are alternative
land sites that are available.

     In  September  1998,  the Company  paid $1,000 for an option to purchase 32
acres of land in Burly,  Idaho, at a purchase price of $1.5 million.  The option
expired in May 1999.  In August 1999,  the Company  obtained an extension of the
option period to May 30, 2000 for an additional $1,000. The amounts paid for the
option and all extensions were non-refundable and were to be applied against the
purchase price upon settlement. During the year ended June 30, 2000, the Company
abandoned the project for which the land option was related.  Consequently,  all
amounts  that had  previously  been paid under the option along with the related
capitalized project development costs were charged to general and administrative
expense during the year ended June 30, 2000. This project was abandoned  because
local municipalities failed to approve needed infrastructure.

Products

     Through  the end of the fiscal year the  Company  was a  development  stage
company.  During the last six months of the fiscal year,  its main  activity has
been  developing and  accumulating  inventory to be resold through  auctions and
through Internet sites. The Company is working closely with a software developer
to  establish  a  consumer-friendly  web  site  for the  marketing  and  sale of
products. The Company expects that an online site will be ready for consumer use
this year.

     The Company  intends to market  products that are of historical,  cultural,
and artistic value. Some of the products the Company has acquired include:

Recovered Sunken Treasure

     During the year ended June 30,  2000,  the Company  acquired a  substantial
portion of the  artifacts  and  treasure of a Spanish  galleon that sank in deep
water South of the Dry Tortugas in the Florida Keys in 1622.  The  artifacts and
treasure have both  archaeological  and economic value. The Company acquired the
artifacts  and  treasure in exchange  for common  stock of the company  with the
value based upon an  appraisal  of the  treasure  and  negotiations  between the
parties.  The Company is considering  its options for maximizing the value to be
realized  from the  treasure.  Management  estimates  that the value  originally
assigned to the treasure was a minimum  value at the time of the  exchange.  The
Company  continually  re-evaluates  the value of the  treasure and will make any
adjustments it deems  necessary if it determines  that the  originally  recorded
value of the treasure has been impaired.

                                       4
<PAGE>

     This  recovered  treasure  is unique in that it was a  deep-water  recovery
(nearly 1,500 ft.) and as such contains certain  artifacts that are not found in
other treasure recoveries.

     The Company intends to secure  additional  treasures or artifacts either by
acquisition  or by acting  as a sales  agent for  commission.  To this end,  the
management is currently negotiating with other treasure owners.

Sports Memorabilia

     The Company  acquired a sizable  collection of sports  memorabilia  from an
active collector and reseller of these products.  The Collection includes a wide
range of articles such as jerseys,  shoes and uniforms as well as  approximately
50,000 sports cards.

     The Company  intends to acquire  additional  sports  collections and market
them in due course.

Regional Theme Parks

     The Company is actively  engaged in  negotiations to secure the purchase of
three  regional  theme parks.  These parks are  individually  owned and range in
attendance  from  250,000 to 300,000  visitors  per year.  Should the Company be
successful in securing  these  properties,  the impact on operating  performance
will be significant.  The Company,  however,  has not secured  financing for the
purchase of these parks.

     Additionally,  the  Company is  developing  a site to  construct a regional
theme park.  This project  development  is expected to continue  throughout  the
fiscal year.

Sales and Marketing

     The Company's  marketing and sales activities are in the formation  stages.
The Company is still  building  relationships  and forming  alliances for future
operations. The current employees attend trade fairs, seminars and exibitions to
keep  abreast of new  developments  and market  trends,  and they have  constant
contact with other industry  individuals  who are assisting the Company in these
early stages.  Because of the Company's limited funds and  developmental  stage,
the  Company  was  in  several  instances,  issued  its  common  stock  to  such
individuals as both compensation and an incentive to assist the Company.

     During the upcoming  fiscal year, the Company will develop a sales team and
Internet strategy to optimize sales and net income.

     The Company has engaged Market  Management  International,  Inc. to develop
research,   marketing  plans  and  materials,  press  releases  and  promotional
releases.  The Company secured these multi-year services through the issuance of
its common shares.

Competition

     The competition for the treasure articles is quite fragmented.  Most of the
outlets are local retailers located in Florida. There are various web sites that
are maintained by treasure owners, but they are poorly marketed and difficult to
find.

     From time to time some of the auction  retailers will include certain items
within the items that they offer for sale. For theme parks,  the  competition is
intense on a national level. However, because the parks that are targeted by the
Company are local or regional  parks,  the  competition  is limited to the other
types of entertainment, rather than any direct competition from other parks.

                                       5
<PAGE>

Employees

     As of October 1, 2000 the Company  employed a total of two (2) persons on a
full-time basis. In addition,  depending on client demand the Company  contracts
with persons on a temporary,  part-time basis.  None of the Company's  employees
are represented by a labor union.  The Company  believes that its relations with
its employees are good.

Significant Customers

     Because of the Company's development stage, it has not developed a customer
base. This is to be a significant  area of the Company's  activities  during its
next fiscal year.

                                OTHER INFORMATION

ITEM 2. - PROPERTIES

     The Company  leases  approximatley  2,500  square  feet of office  space in
Eagle,  Idaho for use as its  corporate  headquarters.  The lease is a five year
lease  which  runs from March 1, 2000 and  expires on  February  28,  2005.  The
monthly  rental  for the  first  year is  $2,550  and  increases  by 5% for each
subsequent  year. The lease contains an option to the Company for renewal for an
additional five year period under similar terms and conditions.

ITEM 3. - LEGAL PROCEEDINGS

     There are no legal proceedings currently pending against the Company.

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

     On April 24,  2000,  the  Company  held a  shareholder  meeting  to approve
changing the Company's  name from Parks America!  Inc. to Grand Slam  Treasures,
Inc. and to change the  Company's  state of  incorporation  from  Washington  to
Nevada. Both measures were adopted by the shareholders.

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS.

     The  Company's  common  stock  trades on the OTC  Bulletin  Board under the
symbol "GRST". Prior to December 31, 1999, trading in the Company's common stock
was limited and sporadic.  The following  chart  represents the closing high and
low bid price for each fiscal quarter beginning with the first quarter of 2000:

                                                  High                   Low
                                                 ------                 ------
Quarter s ended March 31, 2000                       15                    12
Quarters ended June 30, 2000                     13 1/4                 1 3/4

     As of October 1, 2000, the Company's common stock was held of record by 851
persons.

     The Company has never paid a cash  dividend.  Any  dividends  in the future
will be dependent on the Company's profitability,  its need for working capital,
the Company's strategic objectives and other factors within the direction of the
Board of Directors.

                                       6
<PAGE>


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

     This  report  contains  forward  looking  statements  within the meaning of
     Section 27A of the  Securities  Act of 1933,  as amended and Section 21E of
     the  Securities  Exchange Act of 1934,  as amended.  The  Company's  actual
     results could differ materially from those set forth on the forward looking
     statements as a result of the risks set forth in the Company's filings with
     the Securities and Exchange Commission,  general economic  conditions,  and
     changes in the assumptions used in making such forward looking statements.

Grand Slam  Treasures,  Inc. (the  "Company") is a  content-based  entertainment
company with assets in treasure,  collectibles,  music and video.  It intends to
develop,  acquire and market these  assets and others to the general  public and
collectors.  The primary sales  mechanisms  will be Internet  auction and sales,
corporate  sponsored  traveling  exhibitions  and tours,  and specialty  private
transactions.  As of June 30,  2000,  the  Company  was  still  classified  as a
development stage company.

YEAR ENDED JUNE 30, 2000 COMPARED TO THE YEAR ENDED JUNE 30, 1999

Revenue

     Revenue for the fiscal year ended June 30,  2000  decreased  by $426,563 or
99.1% to $3,376 from  $429,939 for the  corresponding  prior  fiscal year.  This
decrease was due to one time  property  transactions  that occurred in the prior
fiscal year.

     During both fiscal years the Company was a  development  stage company with
no sales.

Research and Marketing Expenses

     Research  and  marketing  expenses  for the fiscal year ended June 30, 2000
increased  $2,124,936  or 100% from $0 in the  corresponding  prior  year.  This
increase was due to expenses  incurred  regarding the  acquisition  of Wincanton
Corporation.   These  expenses  are  primarily  comprised  of  public  relations
expenses,  market  research  and  materials  expenses,  and  investor  relations
expenses.

General and Administrative Expenses

     General and administrative expenses for the fiscal year ended June 30, 2000
increased  $773,744 or 434% to $952,017  from  $178,273 in the prior year.  This
increase   resulted  from  the  expanded   activities  of  the  development  and
acquisition of products and includes large increases in costs for legal,  travel
and professional services.

Interest Expense

     Interest  expense  decreased  by $103,595 or 97.4% to $3,680 for the fiscal
year ended June 30, 2000 from $107,275 for the prior fiscal year.  This decrease
was a direct result of land sales in the prior year.

Changes in Financial Condition, Liquidity and Capital Resources

     For the past  twelve  months,  the  Company  has funded its  operating  and
capital  requirements  with the  issuance  of  common  stock,  the  proceeds  of
construction management fees and loans from related parties. As of June 30, 2000
the Company had cash of $2,682 and a surplus in working  capital of  $1,983,803.
This compares  with cash of $60,266 and a deficit in working  capital of $91,082
as of June 30, 1999.

     Net cash used in operating  activities increased to $438,451 for the fiscal
year from  $368,186  for the prior year.  The  increase is  attributable  to the
increased development and inventory acquisition activities.

     Net cash  provided by  financing  activities  increased to $265,747 for the
fiscal year ended June 30, 2000,  from a deficit of $775,404 in the prior fiscal
year.  This  increase in  primarily  due to the  reduction in loans in the prior
year, and equity contributions in the current fiscal year.

                                       7
<PAGE>

     To provide for its  working  capital  requirements,  during the next twelve
months the Company will need to begin sale  auctions and Internet  operations or
develop  additional lending and equity sources without which the Company will be
unable to meet its business plans.

Impact of Inflation

To date, the Company has not  experienced any impact from inflation and does not
anticipate any such impact in the foreseeable future.

Factors That May Affect Future Results.

Dependence  on  Key  Personnel  - The  Company's  performance  is  substantially
dependent on the  performance of its executive  officers and other key employees
and its ability to attract,  train,  retain and motivate high quality personnel,
especially highly qualified technical and managerial personnel.  The loss of the
services of any of its executive officers or key employees could have a material
adverse  effect on its business,  results of operations or financial  condition.
Competition  for talented  personnel  is intense,  and there can be no assurance
that the Company will be able to continue to attract,  train, retain or motivate
other highly qualified technical and managerial personnel in the future.

Government  Regulation  and Legal  Uncertainties  The  Company is not  currently
subject to direct  regulation by any government  agency,  other than regulations
applicable to businesses generally. However, governmental regulators may, in the
future, seek to impose regulations on Internet  activities.  There are currently
few laws or  regulations  directly  applicable  to access to or  commerce on the
Internet.  Due to increasing popularity and use of the Internet,  however, it is
possible  that a number of laws and  regulations  may be adopted with respect to
the Internet, covering issues such as user privacy, pricing, characteristics and
quality of  products  and  services.  The  adoption  of any  additional  laws or
regulations  may also decrease the growth of the  Internet,  which could in turn
decrease the demand for the  Company's  products and services or could  increase
the  Company's  cost of  doing  business.  Moreover,  the  applicability  to the
Internet of a range of existing laws in domestic and international jurisdictions
governing issues such as commerce, taxation, property ownership,  defamation and
personal  privacy is  uncertain  and will likely  evolve over the course of many
years.  Any such new legislation or regulation or application or  interpretation
of  existing  laws,  including  tax laws,  could have an  adverse  effect on the
Company's business, results of operations and financial condition.

Risks  Inherent to the Company's  Acquisition  Strategy - The Company has in the
past,  and  intends  in  the  future,  to  expand  through  the  acquisition  of
businesses,  technologies, products and services. Acquisitions may result in the
potentially dilutive issuance of equity securities, the incurrence of additional
debt,  the  write-off  of in-  process  research  and  development  or  software
acquisition and development  costs,  and the  amortization of goodwill and other
intangible assets. Any such adjustment could result in an increase in the amount
of goodwill recorded,  which would result in higher  amortization  expenses and,
therefore,   adversely  affect  the  Company's   operating   results.   Further,
acquisitions  involve  a  number  of  special  problems,   including  difficulty
integrating  technologies,  operations and personnel and diversion of management
attention in connection with both  negotiating the  acquisitions and integrating
the assets.  There can be no assurance  that the Company will be  successful  in
addressing  such  problems.   In  addition,   growth  associated  with  numerous
acquisitions   places  significant  strain  on  the  Company's   managerial  and
operational  resources.  The Company's future operating results will depend to a
significant  degree on its ability to  successfully  manage growth and integrate
acquisitions.  Furthermore, many of the Company's investments are in early-stage
companies,  with limited operating  histories and limited or no revenues,  there
can be no  assurance  that the Company will be  successful  in  developing  such
companies.

ITEM 7.  FINANCIAL STATEMENTS.

     The  financial  statements of the Company,  together  with the  independent
auditors'  report thereon of a  professional  corporation,  Aronson,  Fetridge &
Weigle,  appear on pages F-2 through F-18 of this report. See Index to Financial
Statements on page F-1 of this report.

                                       8
<PAGE>

ITEM 8.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND
         FINANCIAL DISCLOSURE

     As a result of the acquisition of Parks America!  Inc. by the Company,  the
Company  dismissed  Mark Bailey & Co., Ltd. its prior  auditors and retained the
existing auditing firm of Parks America! Inc., Aronson, Fetridge & Weigle.

                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
        WITH SECTION 16(A) OF THE EXCHANGE ACT

     The directors and executive  officers  currently serving the Company are as
follows:

 Name                   Age   Positions Held and Tenure
------                 -----  --------------------------
Robert L. Klosterman    54     President, Chief Executive Officer, and Director
Larry L. Eastland       57     Chairman of the Board of Directors, Chief
                               Financial Officer
Mark D. Stubbs          50     Director

     The directors  named above will serve until the next annual  meeting of the
Company's stockholders. Thereafter, directors will be elected for one-year terms
at the annual stockholders'  meeting.  Officers will hold their positions at the
pleasure of the board of directors,  absent any employment  agreement,  of which
none  currently  exists  or  is   contemplated.   There  is  no  arrangement  or
understanding  between any of the  directors  or officers of the Company and any
other person  pursuant to which any director or officer was or is to be selected
as a director or officer.

     The directors  and officers will devote full time to the Company's  affairs
on an "as needed" basis, which, depending on the circumstances,  could amount to
as little as two hours per month,  or more than forty hours per month,  but more
than likely will fall within the range of five to ten hours per month.

Biographical Information

     Larry L. Eastland. Larry L. Eastland has served as Chairman of the Board of
Directors  since the Company  acquired  Northwest  Parks LLC in January of 2000.
Since its inception in 1996, Dr. Eastland has been employed as a Managing Member
of Northwest Parks LLC. Dr. Eastland holds a Ph.D in Political  Science from the
University of Southern California.

     Robert L.  Klosterman.  Robert L.  Klosterman  has served as President  and
director  since the  Company  acquired  Northwest  Parks LLC in January of 2000.
Since its  inception in 1996,  Mr.  Klosterman  has been  employed as a Managing
Member of  Northwest  Parks  LLC.  Mr.  Klosterman  is also a  certified  public
accountant.

     Mark D. Stubbs.  Mark D. Stubbs was elected as a director of the Company in
September 2000. Mr. Stubbs is an attorney  practicing law in Twin Falls,  Idaho.
Mr. Stubbs was a partner in the firm of Sudweeks, May, Stubbs Browning & Kershaw
in Twin Falls,  Idaho from 1995 to 1998 when he resigned  to  establish  his own
practice.

Committees and Attendance of the Board of Directors

     In order to facilitate the various functions of the Board of Directors, the
Board  has  created a  standing  Audit  Committee  and a  standing  Compensation
Committee.

     The functions of the Company's  Audit Committee are to review the Company's
financial statements with the Company's  independence auditors; to determine the
effectiveness  of the audit effort through  regular  periodic  meetings with the
Company's  independent  auditors;  to  determine  through  discussion  with  the
Company's independent auditors that no unreasonable  restrictions were placed on
the  scope  or  implementation  of  their  examinations;  to  inquire  into  the
effectiveness of the Company's  financial and accounting  functions and internal
controls  through  discussions  with  the  Company's  independent  auditors  and
officers  of the  Company;  to  recommend  to the full  Board of  Directors  the
engagement or discharge of the  Company's  independent  auditors;  and to review
with independent auditors the plans and results of the auditing engagement.  The
sole member of the Audit Committee is Mr. Mark Stubbs.

                                       9
<PAGE>

     The functions of the Company's Compensation Committee include reviewing the
existing  compensation  arrangements  with officers and employees,  periodically
reviewing the overall  compensation  program of the Company and  recommending to
the Board modifications of such program which, in the view of development of the
Company and its business,  the Committee believes are appropriate,  recommending
to the  full  Board  of  Directors  the  compensation  arrangements  for  senior
management and directors,  and  recommending  to the full Board of Directors the
adoption of  compensation  plans in which officers and directors are eligible to
participate  and granting  options or other benefits under such plans.  The sole
member of the Compensation Committee is Mr. Mark Stubbs.

     The Board of Directors does not have a standing  nominating  committee or a
committee performing similar functions.

     During the year  ended  June 30,  2000,  the Board of  Directors  held four
formal meetings,  including  telephonic  meetings,  and acted through  unanimous
written  consent  on  other  occasions.  Because  the  Audit  Committee  and the
Compensation  Committee  were  formed near the end of the fiscal  year,  neither
Committee  met during the year ended June 30, 2000.  Each  director  (during the
period in which each such  director  served)  attended at least 75% of the total
number of meetings of the Board of Directors.

Compensation of Directors

     Each non-employee  director of the Company is paid an initial fee of 50,000
shares of the Company's  common stock. The Company also reimburses each director
for all expenses of attending such meetings.

     No additional compensation of any nature is paid to employee directors.

                                       10
<PAGE>

ITEM 10.  EXECUTIVE COMPENSATION

     The  Compensation  payable to the Company's  officers and directors for the
current fiscal year is as follows:

                            Years Ended June 30, 2000  Years Ended June 30, 1999
                            -------------------------  -------------------------
Larry L. Eastland                   $141,084                   $65,000
Robert L. Klosterman                  89,750                    15,000

     Neither of the two  officers  of the  Company  have  employment  contracts,
although such contracts are presently being negotiated.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     The following  table sets forth, as of October 1, 2000 the number of shares
of  common  stock  owned of  record  and  beneficially  by  executive  officers,
directors,  persons who hold 5% or more of the  outstanding  common stock of the
Company, and by all officers and directors as a group:

Name                                Number of shares               Percent of
and Address                         Owned Beneficially            Class Owned
------------                        ------------------            -----------
Robert L. Klosterman
1901 W. Spanish Bay Dr.
Eagle, ID 83616                         4,595,627                      26.18%

Larry L. Eastland
2075 Belgeave Way
Eagle, ID 83616                         4,196,867                      23.91%
                                      ------------                   ---------
All officers and directors as
a group (2) persons                     8,792,494                      50.09%
                                      ============                   =========

ITEM 12.        CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

Indemnification of Officers and Directors

     As permitted by Nevada law, the Company's Articles of Incorporation provide
that the Company will indemnify its directors and officers  against expenses and
liabilities  they incur to defend,  settle,  or  satisfy  any civil or  criminal
action  brought  against  them on account of their being or having been  Company
directors  or officers  unless,  in any such  action,  they are adjudged to have
acted with gross negligence or willful  misconduct.  Insofar as  indemnification
for  liabilities  arising under the  Securities  Act of 1933 may be permitted to
directors, officers or persons controlling the Company pursuant to the foregoing
provisions, the Company has been informed that, in the opinion of the Securities
and  Exchange  Commission,  such  indemnification  is against  public  policy as
expressed in that Act and is, therefore, unenforceable.

Conflicts of Interest

     Other than as disclosed in the above, the Company does not believe that any
other conflicts of interest exist among the officers,  directors or shareholders
in any material respect. The Company reviews all potential conflicts of interest
that comes to its  attention and has directed all officers and directors and key
personnel to disclose any anticipated conflicts of interest before they arise.

                                       11
<PAGE>

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K.

     (a)  The Exhibits listed below are filed as part of this Annual Report.

Exhibit No.    Document

   2.1         Articles of Merger of Parks America! Inc.
               (Washington Parent) into Parks America! Inc. (Nevada Subsidiary)
   3.1         Articles of Incorporation - Parks America! Inc.
   3.2         Restated Articles of Incorporation
   3.3         Bylaws
  10.1         Lease - office facility in Eagle, Idaho
  27.1         Financial Data Schedule

     (b)  Reports on Form 8-K

     1.   April 12, 2000 -  reporting  change in control of the  Registrant  and
          name change

                                   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.

                                   GRAND SLAM TREASURES, INC.


                                   By: /s/ Robert L. Klosterman
                                      ----------------------------------------
                                   Robert  L. Klosterman
                                   (Principal Executive and Financial Officer
                                    and Director)
Date: October 10, 2000

                                   By: /s/ Larry L. Eastland
                                      ----------------------------------------
                                   Larry  L. Eastland
                                   (Chairman of the Board of Directors)
Date: October 10, 2000


     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 their capacities and on the dates indicated.


   Name                      Title                                      Date
  ------                    -------                                    ------

/s/ Larry L. Eastland     Chairman of the Board,                October 10, 2000
------------------------  and Chief Financial Officer
    Larry L. Eastland


/s/ Robert L. Klosterman  Chief Executive Officer, President   October 10,  2000
------------------------  and Director
    Robert L. Klosterman


/s/ Mark D. Stubbs        Director                              October 10, 2000
------------------------
Mark D. Stubbs

                                       12
<PAGE>


                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                                TABLE OF CONTENTS


        TITLE                                                          PAGE
       -------                                                        ------

INDEPENDENT AUDITOR'S REPORT................................................F-2

AUDITED FINANCIAL STATEMENTS

   BALANCE SHEET.....................................................F-3 to F-4

   CONSOLIDATED STATEMENTS OF OPERATIONS....................................F-5

   CONSOLIDATED STATEMENTS OF MEMBERS'
      CAPITAL (DEFICIENCY) AND STOCKHOLDERS' EQUITY.........................F-6

   CONSOLIDATED STATEMENTS OF CASH FLOWS.............................F-7 to F-9

   NOTES TO FINANCIAL STATEMENTS...................................F-10 to F-18

                                      F-1

<PAGE>

                          Independent Auditor's Report



To the Board of Directors
GRAND SLAM TREASURES, INC.
Eagle, Idaho


We have audited the  accompanying  Balance Sheet of GRAND SLAM  TREASURES,  INC.
(formerly  Northwest  Parks LLC) (a  Development  Stage  Company) as of June 30,
2000, and the related  Consolidated  Statements of Operations,  Members' Capital
(Deficiency)  and  Stockholders'  Equity and Cash Flows for the years ended June
30, 2000 and 1999.  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 audits 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 accompanying  financial statements referred to above present
fairly,  in  all  material  respects,  the  financial  position  of  GRAND  SLAM
TREASURES,  INC. (formerly Northwest Parks LLC) (a Development Stage Company) as
of June 30, 2000,  and the  consolidated  results of their  operations and their
cash  flows for the years  ended  June 30,  2000 and 1999,  in  conformity  with
generally accepted accounting principles.


ARONSON, FETRIDGE & WEIGLE


Rockville, Maryland
September 29, 2000

                                      F-2
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                                  JUNE 30, 2000


                                     ASSETS

CURRENT ASSETS
   Cash (Note 1)                                                   $      2,682
   Accounts receivable - affiliate (Note 4)                              24,450
   Inventory - sports memorabilia (Notes 1 and 8)                       225,000
   Prepaid expenses (Note 8)                                          2,070,000
                                                                     -----------
         Total current assets                                         2,322,132
                                                                     -----------
PROPERTY AND EQUIPMENT, AT COST (NOTE 1)
   Furniture, fixtures and equipment                                     81,547
   Less:  Accumulated depreciation and amortization                     (36,418)
                                                                     -----------
         Net property and equipment                                      45,129
                                                                     -----------
OTHER ASSETS
   Deposits                                                              34,170
   Capitalized project development costs (Note 1)                        93,323
   Investment in treasure (Notes 1 and 8)                             2,984,250
   Intangibles, net of $9,175 of accumulated amortization (Note 1)      523,555
                                                                     -----------
         Total other assets                                           3,635,298
                                                                     -----------
TOTAL ASSETS                                                       $  6,002,559
                                                                     ===========

  The accompanying Notes to Financial Statements are an integral part of these
                              financial statements.

                                      F-3
<PAGE>
                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET
                                  JUNE 30, 2000


                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Loans payable - related parties (Note 3)                  $        53,030
   Accounts payable                                                   72,535
   Deficit in investment in affiliate (Notes 4 and 7)                212,764
                                                                  -----------
         Total current liabilities                                   338,329
                                                                  -----------
COMMITMENTS AND CONTINGENCIES (NOTE 5)                                     -
STOCKHOLDERS' EQUITY (NOTE 8)
   Common stock - $.0001 par value per share, 100,000,000
   shares authorized,                                                  1,755
   Additional paid-in capital                                      9,726,538
   Losses accumulated during development stage                    (4,064,063)
                                                                  -----------
         Total stockholders' equity                                5,664,230
                                                                  -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                   $     6,002,559
                                                                  ===========

  The accompanying Notes to Financial Statements are an integral part of these
                              financial statements.

                                      F-4
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                 FOR THE YEARS ENDED JUNE 30, 1999 AND 2000 AND
             THE PERIOD MARCH 28, 1996 (INCEPTION) TO JUNE 30, 2000
<TABLE>

                                                                                                 Cumulative
                                                                                                    From
                                                                                                Inception to
                                                                  1999            2000         June 30, 2000
                                                                 ------         --------      ---------------
<S>                                                           <C>             <C>             <C>

REVENUE
   Gain on sale of land                                       $  379,857     $        -     $     379,857
   Gain on transfer of interest in equity investee (Note 4)       50,082              -            50,082
   Miscellaneous                                                       -          3,376             4,562
                                                                ---------     ----------      ------------
         Total revenue                                           429,939          3,376           434,501
                                                                ---------     ----------      ------------
EXPENSES
   Research and marketing (Note 8)                                     -      2,124,936         2,124,936
   General and administrative                                    178,273        952,017         1,671,266
   Interest                                                      107,275          3,680           485,646
   Loss on sale of land                                                -              -           117,265
                                                                ---------     ----------      ------------
         Total expenses                                          285,548      3,080,633         4,399,113
                                                                ---------     ----------      ------------
NET INCOME (LOSS) BEFORE INTEREST IN LOSS OF EQUITY INVESTEES    144,391     (3,077,257)       (3,964,612)
INTEREST IN LOSS OF EQUITY INVESTEES                                   -        (62,465)          (99,451)
                                                                ---------     ----------      ------------
NET INCOME (LOSS)                                             $  144,391    $(3,139,722)    $  (4,064,063)
                                                                =========     ==========      ============
NET LOSS PER SHARE OF COMMON STOCK-BASIC AND DILUTED                        $      (.20)

</TABLE>

  The accompanying Notes to Financial Statements are an integral part of these
                              financial statements.

                                      F-5
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                       CONSOLIDATED STATEMENTS OF MEMBERS'
                  CAPITAL (DEFICIENCY) AND STOCKHOLDERS' EQUITY
                   FOR THE YEARS ENDED JUNE 30, 1999 AND 2000
<TABLE>


                                                                                                              Losses
                                                                                                            Accumulated
                                                                                             Additional       During
                                                            Common Stock         Paid-in     Contributed    Development
                                                        Shares       Amount      Capital      Capital         Stage         Total
                                                       --------     --------    ----------  ------------  --------------    -------
<S>                                                    <C>           <C>          <C>         <C>           <C>             <C>

Members' equity, June 30, 1998                              -       $    -     $        -    $   961,416    $(1,068,732)  $(107,316)
Members' contributions in cash (Note 7)                     -            -              -         18,000              -      18,000
 Net income for the year ended June 30, 1999                -            -              -              -        144,391     144,391
                                                    ----------      -------     ----------   ------------    -----------   ---------
 Members' equity, June 30, 1999                             -            -              -        979,416       (924,341)     55,075
Members' contributions in cash (Note 7)                     -            -              -        112,717              -     112,717
 Exchange of capital for a 30.75% interest in
 equity                                                     -            -              -         50,000              -      50,000
 Exchange of capital for a 4.25% minority interest
 in equity                                                  -            -              -        145,000              -     145,000
 Exchange of members' equity for common stock
 (Note 8)                                          15,113,267        1,511      1,285,622     (1,287,133)             -           -
 Shares issued for sports memorabilia inventory
 (Note-8)                                              53,000            5        224,995              -              -     225,000
 Shares issued for treasure (Note 8)                  865,000           87      2,984,163              -              -   2,984,250
 Shares issued for $100,000 cash and intellectual
 property                                             552,071           55      1,904,590              -              -   1,904,645
 Shares issued for services (Note 8)                  217,750           22        739,743              -              -     739,765
 Shares issued for consulting services (Note 8)       750,000           75      2,587,425              -              -   2,587,500
 Net loss for the year ending June 30, 2000                 -            -              -              -     (3,139,722) (3,139,722)
                                                   -----------      -------     ----------   ------------    -----------  ----------
 Stockholders' equity, June 30, 2000               17,551,088       $1,755    $ 9,726,538    $         -    $(4,064,063) $5,664,230
                                                   ===========      =======     ==========   ============    ===========  ==========
</TABLE>


  The accompanying Notes to Financial Statements are an integral part of these
                             financial statements.

                                      F-6
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE YEARS ENDED JUNE 30, 1999 AND 2000 AND
             THE PERIOD MARCH 28, 1996 (INCEPTION) TO JUNE 30, 2000
<TABLE>

                                                                                           Cumulative
                                                                                             From
                                                                                          Inception to
                                                                1999         2000        June 30, 2000
                                                               ------       ------      ---------------
<S>                                                          <C>          <C>           <C>

CASH FLOWS FROM OPERATING ACTIVITIES
    Net income (loss)                                        $144,391   $(3,139,722)    $ (4,064,063)
    Adjustments to reconcile net income (loss) to net cash
     used by operating activities
       Loss on sale of property and equipment                       -         6,712             6,712
       Common stock issued for operating costs                      -     2,504,132         2,504,132
       Gain on sale of land, net                             (379,857)            -          (262,592)
       Depreciation and amortization                           17,512        24,391            70,621

       Rent cancellation upon acquisition of LLC and joint          -             -            50,526

       Gain on sale of interest in equity investee            (50,082)            -           (50,082)
       Interest in loss of equity investee                          -        62,465            99,451
       (Decrease) increase in accounts payable                 (4,225)       55,313           144,577
       Decrease in accrued interest                          (123,142)      (79,683)          110,750
                                                           ------------   -----------     ------------
         Net cash used by operating activities               (368,186)     (438,451)       (1,142,560)
                                                           ------------   -----------     ------------
CASH FLOWS FROM INVESTING ACTIVITIES
   Loan to equity investee                                          -       (24,450)          (24,450)
   Purchase of property and equipment                         (22,203)      (23,275)          (95,611)
   Increase in deposits, net                                        -       (12,150)          (35,170)
   Loans to members                                                 -       (56,396)         (287,542)
   Repayment of members' loans                                 34,900        86,996           287,542
   Payment from equity investee for construction fee                -       180,993           180,993
   Proceeds from sale of land                               1,209,200             -         1,391,935
   Proceeds from sale of property and equipment                     -         5,243             5,243
   Purchase of other assets                                         -             -              (245)
   Payment for land options                                    (7,000)      (34,000)          (91,000)
                                                            -----------    -----------     ------------
         Net cash provided by investing activities          1,203,409       115,120           210,758
                                                            -----------    -----------     ------------
</TABLE>


  The accompanying Notes to Financial Statements are an integral part of these
                              financial statements.

                                      F-7
<PAGE>


                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
                 FOR THE YEARS ENDED JUNE 30, 1999 AND 2000 AND
             THE PERIOD MARCH 28, 1996 (INCEPTION) TO JUNE 30, 2000
<TABLE>

                                                                                                   Cumulative
                                                                                                      From
                                                                                                   Inception to
                                                                        1999        2000          June 30, 2000
                                                                      --------    --------      -----------------
<S>                                                              <C>             <C>             <C>

CASH FLOWS FROM FINANCING ACTIVITIES

   Proceeds from equity investee                                  $    26,596    $       -    $       26,596

   Proceeds from minority interest investment                         145,000            -           145,000

   Loans from members and related parties                               5,209       53,030           682,239

   Repayment of loans from members and related parties               (620,209)           -          (629,209)

   Proceeds from sale of common stock                                       -      100,000           100,000

   Proceeds from notes payable                                              -            -           350,000

   Repayment of notes payable                                        (350,000)           -          (350,000)
   Contribution to members' equity                                     18,000      112,717           609,858
                                                                   ------------  -----------      ------------
         Net cash (used) provided by financing activities            (775,404)     265,747           934,484
                                                                   ------------  -----------      ------------

NET INCREASE (DECREASE) IN CASH                                        59,819      (57,584)            2,682

CASH AT BEGINNING OF PERIOD                                               447       60,266                 -
                                                                   ------------  -----------      ------------
CASH AT END OF PERIOD                                             $    60,266    $   2,682     $       2,682
                                                                   ============  ===========      ============
SUPPLEMENTAL CASH FLOW INFORMATION

   Cash paid for interest                                         $   233,417    $  83,363     $     377,896
                                                                   ============  ===========      ============
NONCASH INVESTING AND FINANCING ACTIVITIES

   Capital contributions

       1,885,750 shares of common stock issued for services,                -    6,536,515         6,536,515

       552,071 shares of common stock issue for $100,000 cash               -    1,904,645         1,904,645

       Exchange of capital for a 30.75% interest in equity                  -       50,000            50,000

       Exchange of capital for a 4.25% minority interest in                 -      145,000           145,000
       Land                                                                 -            -           300,000

       16.67% interest in a limited liability company                       -            -            36,986

</TABLE>

  The accompanying Notes to Financial Statements are an integral part of these
                              financial statements.

                                      F-8
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
                 FOR THE YEARS ENDED JUNE 30, 1999 AND 2000 AND
             THE PERIOD MARCH 28, 1996 (INCEPTION) TO JUNE 30, 2000
<TABLE>

                                                                                                    Cumulative
                                                                                                       From
                                                                                                    Inception to
                                                                      1999             2000        June 30, 2000
                                                                     -------         --------     ----------------
<S>                                                                <C>             <C>            <C>

NONCASH INVESTING AND FINANCING ACTIVITIES (CONTINUED)

   Capitalized development costs by members of LLC, included      $        -     $          -     $      48,014

   83.33% interest in an LLC and a 25% interest in a joint                 -                -            97,275

   Interest due to a member exchanged for a 15% interest in the     (110,750)               -          (110,750)

   Exchange of land for a 25% interest in an equity investee          67,958                -            67,958
                                                                    ----------     ------------     -------------
         Total                                                    $  (42,792)    $  8,636,160     $   9,075,643
                                                                    ==========     ============     =============
</TABLE>


  The accompanying Notes to Financial Statements are an integral part of these
                              financial statements.

                                      F-9
<PAGE>
                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999


NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

     (A)  Organization and principles of consolidation

          Northwest Parks LLC (NWP) was formed as a limited liability company on
     March 28,  1996  under the laws of the  State of Idaho for the  purpose  of
     constructing, owning and operating multi-faceted theme parks along with the
     related entertainment, retail, hospitality and recreational facilities.

          On March 28, 1996,  NWP acquired a 16.67%  interest in BW Partners LLC
     (BWP) and certain other assets and rights valued at $48,014, based upon the
     amounts  recorded  by BWP from a member in exchange  for a 25%  interest in
     NWP. The company  from whom the BWP interest was acquired is a  corporation
     in which a managing  member of NWP held a 20%  interest  at the time of the
     acquisition. On January 8, 1998, NWP acquired the remaining 83.33% interest
     in BWP in exchange for an 8.75% interest in NWP.

          NWP formed  Sweetwater  Holdings LLC (SWH) on January 9, 1997, for the
     purpose  of  acquiring  approximately  12 acres of land and a  dwelling  in
     Canyon County,  Idaho,  known as The Idaho Center property.  NWP acquired a
     99% interest in SWH,  with the  remaining  1% held by a minority  member of
     NWP. This  transaction was accounted for as a purchase.  In April 1999, SWH
     transferred approximately 1.5 acres of the property to NWP and NWP sold SWH
     with the remaining approximately 10.5 acres to a third party.

          NWP participated in the formation of Crossroads Convenience Center LLC
     (CCC) on June 18, 1998.  Based upon the  operating  agreement,  the Company
     owned a 10% interest in CCC, after transferring a 15% interest in CCC to an
     individual who is a minority member in the Company in partial  satisfaction
     of interest  accrued on a note that was owed to the individual by NWP (Note
     5).  NWP's  interest in CCC was  acquired in exchange  for the 1.5 acres of
     property acquired from SWH and certain  development costs incurred on CCC's
     behalf.

          In January  1999,  NWP,  along with its two managing  members,  formed
     Magic Valley Parks LLC (MVP), with NWP acquiring a 98% ownership  interest.
     This transaction was accounted for as a purchase. In April 1999, NWP sold a
     4.25%  interest in MVP to two members of NWP for $145,000.  On December 16,
     1999 this  4.25%  minority  interest  in MVP was  exchanged  for  interests
     totaling 1.45% of NWP, at which time MVP terminated operations.


                                      F-10
<PAGE>
                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

     (A)  Organization and principles of consolidation (continued)

          On  December  17,  1999,  the members of NWP  exchanged  100% of their
     member interests for 80% of the outstanding  common stock of Parks America!
     Inc. (Parks) (formerly Wincanton  Corporation),  a company whose shares are
     registered  with the U.S.  Securities  and Exchange  Commission.  Parks had
     ceased  operations  at the  time of the  exchange.  NWP is  considered  the
     acquiring  entity in the exchange and has  recorded  the  transaction  as a
     purchase with $14,985 of goodwill  recognized as a result of the assumption
     of certain liabilities of Parks.

          On June 24, 2000, Parks changed its name to Grand Slam Treasures, Inc.

          The accompanying  financial statements include all of the accounts and
     activities of the Company and its  subsidiaries for the period in which the
     majority ownership rested with the Company. This includes BWP, SWH, MVP and
     Parks.  CCC has been accounted for by the equity method of accounting.  All
     significant intercompany  transactions and balances have been eliminated in
     the consolidated financial statements.

     (B)  Use of accounting 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.

     (C)  Cash and cash equivalents

          For  purposes  of  financial  statement   presentation,   the  Company
     considers all highly  liquid debt  instruments  with initial  maturities of
     ninety days or less to be cash equivalents.  From time to time, the Company
     maintains  cash balances which may exceed  Federally  insured  limits.  The
     Company does not believe that this results in any significant credit risk.

     (D)  Inventory of sports memorabilia

          The sports  memorabilia  was  acquired  in  exchange  for stock in the
     Company (Note 8) and is valued at the  estimated  value of the inventory on
     the date of  acquisition.  The  inventory  is held for sale by the  Company
     which is evaluating  its options for sale of the  memorabilia.  The Company
     continually  re-evaluates  the estimated  recovery value of the memorabilia
     and makes  adjustments  as necessary when they determine that the value has
     been impaired.

                                      F-11
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999


NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

     (E)  Property and equipment

          Property and  equipment  are recorded at original  cost to the Company
     and are depreciated over the estimated useful lives using the straight-line
     method.

     (F)  Financial instruments

          The  fair  value  of  all  financial   instruments   included  in  the
     consolidated financial statements is estimated by management to approximate
     their recorded carrying amounts.

     (G)  Income taxes

          As a limited liability company, all members recognize their respective
     share of income or loss on their separate income tax returns.  Accordingly,
     prior to the exchange which resulted in the Company becoming a corporation,
     income  taxes  have  not  been  included  in  the  accompanying   financial
     statements.

     (H)  Operating segments

          The Company has been in a  development  stage since its  inception and
     considers itself to operate in only one business segment.

     (I)  Capitalized project development costs

          The Company has  capitalized  and deferred  direct costs  incurred for
     feasibility, market and site studies, promotional materials and preliminary
     site  development  costs including  design,  engineering and  architectural
     drawings related to specific projects. When it is determined that a project
     is not suitable or the project is abandoned,  the  capitalized  development
     costs are  charged to  expense.  During the years  ended June 30,  1999 and
     2000, costs totaling $27,217 and $36,941,  respectively,  were written-off.
     Costs of projects that are ultimately  constructed and operated will either
     be  allocated to project  assets or amortized  over a five year period upon
     commencement of operations.

     (J)  Intangible assets

          Intangible assets consist  primarily of intellectual  property rights,
     including  copyrighted  concepts,  and goodwill  acquired in the  Company's
     acquisition  of Parks America,  Inc.  (Note 1 (a)) and are being  amortized
     over estimated  useful lives of fifteen years.  The  intellectual  property
     rights consist of the internet  domain name "Grand Slam" and "Noah's Rock".
     The Company continually re-evaluates the value of intangibles and will make
     any  adjustments  it deems  necessary if it determines  that the originally
     recorded value has been impaired.

                                      F-12
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999


NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

     (K)  Loss per share of common stock

          The  basic  net  loss  per  share of  common  stock is based  upon the
     weighted  average number of shares of common stock  outstanding  during the
     year ended June 30,  2000.  Diluted loss per share is the same as the basic
     loss per share. Prior to the year ended June 30, 2000, the Company operated
     as a limited liability company and did not have shares issued. Accordingly,
     no per share  amounts  are  presented  for the year ended June 30,  1999 or
     cumulatively since inception.

     (L)  Investment in treasure

          During  the  year  ended  June  30,  2000,  the  Company   acquired  a
     substantial portion of the artifacts and treasure of a Spanish galleon that
     sank in deep water south of the Dry  Tortugas in the Florida  Keys in 1622.
     The artifacts and treasure have both  archeological and economic value. The
     Company  acquired  the treasure in exchange for common stock of the Company
     (Note 8) with  the  value  based  upon an  appraisal  of the  treasure  and
     negotiations  between the parties.  The Company is considering  its options
     for  maximizing  the value of the treasure.  Management  estimates that the
     value  originally  assigned to the treasure was a minimum value at the time
     of the  exchange.  The Company  continually  re-evaluates  the value of the
     treasure and will make any  adjustments it deems necessary if it determines
     that the originally recorded value of the treasure has been impaired.

NOTE 2 - LAND OPTIONS

     On April 2, 1998, the Company acquired an option for $50,000 to purchase 68
acres of land in  Canyon  County,  Idaho.  Under the  terms of the  option,  the
Company had the right to purchase the land for $2.4 million  during the one year
period  expiring  April 2, 1999.  The option was  extended for a one year period
with a purchase  price of $2.64  million by  payment of an  additional  $50,000,
payable  $3,000 per month for six  months,  $4,000 per month for five months and
$12,000 as a balloon  payment  in April  2000.  The  agreement  provided  for an
additional  one year extension  period for $50,000,  payable  monthly,  with the
option price increased to $2.9 million.  The amounts paid for the option and all
extensions were non-refundable and were to be applied against the purchase price
upon settlement.  On April 20, 2000,  prior to the balloon payment,  the Company
entered into a settlement  agreement  whereby the Company was released  from any
and all remaining  obligations under the option.  As a result,  all amounts that
had  previously  been paid under the option  along with the related  capitalized
project  development  costs (Note 1) were charged to general and  administrative
expense during the year ended June 30, 2000.

                                      F-13
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999


NOTE 2 - LAND OPTIONS (CONTINUED)

     In September  1998, the Company  acquired an option to purchase 32 acres of
land in Burley,  Idaho,  at a purchase  price of $1.5  million for  $1,000.  The
option expired in May 1999. In August 1999, the Company obtained an extension of
the option period to May 30, 2000 for an additional $1,000. The amounts paid for
the option and all extensions were non-refundable and were to be applied against
the purchase  price upon  settlement.  During the year ended June 30, 2000,  the
Company   abandoned   the  project  to  which  the  land  option  was   related.
Consequently,  all amounts that had previously  been paid under the option along
with the related  capitalized project development costs (Note 1) were charged to
general and administrative expense during the year ended June 30, 2000.


NOTE 3 - LOANS PAYABLE - RELATED PARTIES

     The  principal  stockholders  and  members  of the  Company,  who are  also
officers of the Company,  and a company owned by them have advanced  funds to or
on the  behalf of the  Company in the form of either  direct  cash  advances  or
payments of expenses.  These advances have no specific  repayment terms,  though
they are expected to be paid as funds become  available.  The balance due to the
stockholders and the related company was $53,030 as of June 30, 2000.


NOTE 4 - INVESTMENT IN AFFILIATE

     At June 30,  2000,  the Company  owns a 40.75%  interest in the  Crossroads
Convenience  Center LLC (CCC) which is located on "The Idaho Center" property in
Canyon County,  Idaho. The Company's  original interest in CCC was 25%. In April
1999,  the Company  transferred a 15% interest in CCC to a member of the Company
in partial payment of interest  accrued on a previously  paid note payable.  The
amount of accrued interest  considered paid by the transfer was $110,750 and the
apportioned basis of the interest in CCC was $60,668, resulting in a gain on the
transfer to the Company of $50,082. The Company's 10% ownership interest at June
30, 1999 was increased by 30.75% to 40.75% during 2000 in exchange for an equity
interest  in NWP,  which was  subsequently  exchanged  for 11,090  shares of the
Company's common stock.

     Prior to fiscal year 2000,  CCC had been  developing  and  constructing  an
automobile   service  center  and  convenience  store  and  had  no  significant
operations.  The Company served as the  construction  manager for the center for
which it received  fees of  approximately  $181,000  and  $165,000 for the years
ended June 30, 2000 and 1999,  respectively.  The service center and convenience
store commenced operations in August 1999.

                                      F-14
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999

NOTE 4 - INVESTMENT IN AFFILIATE (CONTINUED)

     A summary of the financial  position and results of operations of CCC as of
and for the year ended June 30, 2000 follows:


               Financial position

                  Current assets                                  $      88,000

                  Other assets                                        1,520,000
                                                                   -------------
                      Total assets                                $   1,608,000
                                                                   =============
                  Current liabilities                             $     157,000

                  Other liabilities                                   1,110,000

                  Members' equity                                       341,000
                                                                   -------------
                      Total liabilities and members' equity       $   1,608,000
                                                                   =============
               Results of operations

                  Revenue                                         $   2,125,000
                                                                   =============
                  Net loss                                        $    (165,000)
                                                                   =============
                  Company's share of loss                         $     (62,465)
                                                                   =============

     The Company's investment in CCC has been reduced by construction management
fees paid by CCC to the Company which,  along with the Company's  share of CCC's
losses,  resulted in a deficit in the  Company's  investment  in CCC at June 30,
2000 of  $212,764.  This deficit has been  classified  as current as of June 30,
2000 because the Company is  attempting to sell its interest in CCC. The Company
expects to complete the sale within the next year.

NOTE 5 - LEASES

     The Company is obligated, as lessee, under a noncancellable operating lease
effective  March 1,  2000 for  office  space in Eagle,  Idaho  which  expires in
February  2005. The lease provides for fixed minimum annual rent increases of 5%
each lease  year  which are  considered  to be part of the total  minimum  lease
amount and are  recognized  as rent  expense over the term of the lease on a pro
rata basis.  The lease contains an option for renewal for an additional  term of
five years at a rental rate that increases 5% each year over the previous year's
rent.

     The Company is also obligated,  as lessee, under  noncancellable  operating
leases for two vehicles which expire in November 2000 and November  2001.  These
leases are in the names of the two principal  executive  officers of the Company
acting as nominee for the Company.

     In most cases, the Company expects that operating leases will be renewed or
replaced by other operating leases in the normal course of business.

                                      F-15
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999


NOTE 5 - LEASES (CONTINUED)

     As of June 30,  2000,  the  future  minimum  payments  required  under  all
operating  leases with initial and remaining terms in excess of one year were as
follows:


                   Year Ending            Office
                     June 30,              Space       Vehicles       Total
                  --------------         ---------    ----------     -------


                      2001              $   30,600   $   9,777     $    40,377

                      2002                  30,904       2,805          33,709

                      2003                  31,828           -          31,828

                      2004                  32,785           -          32,785

                   Thereafter               22,287           -          22,287
                                          ---------   ---------      ----------
                           Total        $  148,404   $  12,582     $   160,986
                                          =========   =========      ==========

     Total rent expense to the Company under all long-term  leases for the years
ended June 30, 1999 and 2000 was $14,741 and $24,240 respectively.

NOTE 6 - INCOME TAXES

     The benefit  for income  taxes for the year ended June 30, 2000 varies from
the amount which would have been computed using statutory rates as follows:



    Federal income tax benefit at the maximum statutory rate        $1,067,500

    State income benefit, net of Federal tax effect                    165,800

    Income tax attributable to the period the Company was a limited   (103,900)

    Valuation allowance                                             (1,129,400)
                                                                   -------------
           Benefit for income taxes                                 $        -
                                                                   =============

     For income tax purposes,  the Company has a net operating loss carryforward
of  approximately  $2,875,000  at June 30,  2000,  that,  subject to  applicable
limitations,  may be applied against future taxable income. If not utilized, the
operating loss carryforward will expire on June 30, 2020.

                                      F-16
<PAGE>

                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999


NOTE 7 - MEMBER INTERESTS

     The Company was formed as a limited liability company in March 1996. During
the year ended June 30, 1999, members  contributed $18,000 to the capital of the
Company in exchange for an aggregate  .18%  interest in the Company.  During the
period from August to December  1999, two members  acquired an additional  1.13%
interest in the Company for $112,717 in cash.

     Effective  September 1, 1999, the Company  increased its interest in CCC by
30.75% in  exchange  for a .50% member  interest  in the Company  (Note 4). This
exchange was valued at $50,000 by agreement of the parties to the exchange.

     On December 16, 1999, the Company  granted a 1.45%  percentage  interest in
the Company to two members in exchange  for their  aggregate  4.25%  interest in
MVP.  The  exchange  was valued at $145,000 by  agreement  of the parties to the
exchange.


NOTE 8 - COMMON STOCK

     Effective  December 17, 1999,  the members of NWP  exchanged  100% of their
member interests for 80% of the outstanding  common stock of Parks. The exchange
was recorded in a manner  similar to a pooling of  interests  with NWP being the
surviving entity as a corporation. The members of NWP acquired 12,000,000 shares
of Parks in the  exchange  and  3,000,000  shares of Parks were  issued to other
parties for services in  connection  with the  exchange.  The shares  issued for
services were recorded at par value by the Company.  At the time of the exchange
there were 113,267 shares of Parks outstanding.

     On March 16, 2000,  the Company issued 53,000 shares of its common stock to
an unrelated  party for an inventory  of sports  memorabilia  that was valued at
$225,000,  based upon the approximate fair value of the inventory at the date of
the transaction.

     On March 24, 2000, the Company issued 865,000 shares of its common stock to
acquire the recovered treasure of a Spanish galleon that sank in 1622. The value
of the exchange  recorded by the Company of  $2,984,250  was based upon original
appraisals  of the  treasure  and  negotiations  between the parties  based upon
management's estimates of the value of the treasure.


                                      F-17
<PAGE>
                           GRAND SLAM TREASURES, INC.
                         (FORMERLY NORTHWEST PARKS LLC)
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2000 AND 1999


NOTE 8 - COMMON STOCK (CONTINUED)

     On April 1, 2000,  the Company issued 150,000 shares of its common stock to
acquire an internet site,  Skreem.com,  from an unrelated party. The acquisition
was valued based upon the  approximate  quoted market price of the shares on the
date of the transaction,  which was $517,500.  In addition, on May 12, 2000, the
Company  issued 402,071 shares of its common stock to an entity that assisted it
in acquiring  Skreem.com  and in settling  various  other  transactions  and for
$100,000 that the entity had previously loaned to the Company.  This transaction
was valued at $1,387,145 based upon the market value of the Company stock at the
date of the  transaction.  These two  transactions  represented  an aggregate of
552,071 shares issued valued at $1,904,645.

     During  April  and  May  2000,  the  Company  settled  certain  outstanding
obligations  by the issue of 217,750  shares of its common stock to the vendors.
The transactions  were valued at the average quoted price of the Company's stock
during the period of the issuance which totaled $739,765.

     On May 11,  2000,  the Company  issued  750,000  shares of its common stock
valued at $2,587,500,  based upon the quoted market price of the Company's stock
on that date, for a consulting  service  contract  covering the period April 20,
2000 to June 30,  2001.  Of the  value  recorded,  the  amount of  $517,500  was
expensed as marketing and research and $2,070,000 is reported as prepaid expense
at June 30, 2000 . The prepaid amount will be amortized ratably over the term of
the agreement.