<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB

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

                For the quarterly period ended: December 31, 2004

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

                  For the transition period from ____________ to ____________

                           Commission file number: 000-50803

                            VORSATECH VENTURES, INC.
        (Exact name of small business issuer as specified in its charter)

             Delaware                                      n/a
(State or other jurisdiction of                (IRS Employee Identification No.)
 incorporation or organization)

                  702-777 Hornby Street, Vancouver, BC, V6Z 1S2
                    (Address of principal executive offices)

                                 (604) 605-0507
                           (Issuer's telephone number)

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

    Common Stock, $0.001 par value                      2,638,713
               (Class)                    (Outstanding as of January 21, 2005)

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



<PAGE>



                             VORSATECH VENTURES, INC.
                                   FORM 10-QSB
                                      INDEX


                                                                            Page
                                                                            ----
Part I - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)

         Condensed  Balance Sheets December 31, 2004 (unaudited)
         and March 31, 2004 ................................................F-1

         Unaudited Condensed  Statements of Operations for the
         three months ended December 31, 2004 and 2003......................F-2

         Unaudited Condensed  Statements of Cash Flows for the
         three months ended December 31, 2004 and 2003......................F-3

         Consolidated Statement of Stockholders' equity for the period from
         October 30, 1998 (Inception) to December 31, 2004 (unaudited)......F-4

         Notes to Financial Statements (unaudited)..........................F-5

Item 2.  Management's Discussion and Analysis or Plan of Operation..........3

Item 3.  Controls and Procedures............................................4

Part II  OTHER INFORMATION

Item 1.  Legal Proceedings..................................................4

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds........4

Item 3.  Defaults upon Senior Securities....................................4

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

Item 5.  Other Information..................................................4

Item 6.  Exhibits and Reports on Form 8-K...................................4

Signatures..................................................................5



<PAGE>
<TABLE>

                               PART I: FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)




                                 VORSATECH VENTURES, INC.
                               (a Development Stage Company)
                                      BALANCE SHEETS




                                                               DECEMBER 31,    March 31,
                                                                  2004           2004
                                                                ---------      ---------
                                      ASSETS                   (UNAUDITED)
<S>                                                             <C>            <C>
CURRENT ASSETS
  Funds held in trust by related party                          $  3,397       $ 10,496
                                                                ---------      ---------

          Total Current Assets                                  $  3,397       $ 10,496
                                                                =========      =========


                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Accrued compensation                                          $  1,875       $     --
  Shareholder advances                                             6,726          6,303
                                                                ---------      ---------

          Total Current Liabilities                                8,601          6,303
                                                                ---------      ---------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)

Preferred stock, par value $.0001, 20,000,000 shares
  authorized, none issued                                             --             --

 Common stock, par value $.0001, 250,000,000 shares
  authorized, 2,638,713  shares outstanding                          264            264
 Paid-in capital                                                  48,695         47,795
 (Deficit) accumulated during the development stage              (54,164)       (43,865)
                                                                ---------      ---------

          Total Stockholders' Equity (Deficit)                    (5,205)         4,194
                                                                ---------      ---------

                                                                $  3,397       $ 10,496
                                                                =========      =========
</TABLE>

                      SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS

                                           F-1
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<TABLE>

                                                     VORSATECH VENTURES, INC.
                                                   (a Development Stage Company)
                                                     STATEMENTS OF OPERATIONS


                                                                                                              CUMULATIVE
                                                                                                                  FROM
                                                                                                               OCTOBER 30,
                                                                                                                  1998
                                            THREE MONTHS ENDED                   NINE MONTHS ENDED             (INCEPTION)
                                                DECEMBER 31,                       DECEMBER 31,                    TO
                                      ------------------------------      ------------------------------       DECEMBER 31,
                                          2004              2003              2004              2003              2004
                                      ------------      ------------      ------------      ------------      ------------
<S>                                   <C>               <C>               <C>               <C>               <C>
REVENUE                               $        --       $        --       $        --       $        --       $        --
                                      ------------      ------------      ------------      ------------      ------------

EXPENSES:
      General and administrative            2,813             1,050            10,298             3,195            54,164
                                      ------------      ------------      ------------      ------------      ------------

        Total Expenses                      2,813             1,050            10,298             3,195            54,164
                                      ------------      ------------      ------------      ------------      ------------

NET (LOSS)                            $    (2,813)      $    (1,050)      $   (10,298)      $    (3,195)      $   (54,164)
                                      ============      ============      ============      ============      ============

BASIC NET (LOSS) PER SHARE                      *                 *                 *                 *
                                      ============      ============      ============      ============

WEIGHTED AVERAGE NUMBER OF
   COMMON SHARES OUTSTANDING            2,636,118           878,706         2,636,118           878,706
                                      ============      ============      ============      ============

*   less than $ (.01) per share



                                               SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS

                                                               F-2
</TABLE>
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<TABLE>

                                      VORSATECH VENTURES, INC.
                                    (a Development Stage Company)
                                      STATEMENTS OF CASH FLOWS
                                             (UNAUDITED)


                                                                                   CUMULATIVE
                                                                                      FROM
                                                                                   OCTOBER 30,
                                                                                      1998
                                                        NINE MONTHS ENDED          (INCEPTION)
                                                           DECEMBER 31,                 TO
                                                  ----------------------------     DECEMBER 31,
                                                     2004             2003             2004
                                                  ------------     -----------     ------------
<S>                                                     <C>            <C>            <C>
 OPERATING ACTIVITIES:

      Net (loss) from operations                        $(10,298)      $ (3,195)      $(54,164)
      Adjustments to reconcile net (loss) to net
         cash used by operating activities:
           Contributed capital                               900            900          7,500
           Common stock issued for services                                              8,574
           Common stock issued for acquisition                                          15,000
           Common stock issued for debt relief                                           2,885
           Changes in:
                  Accounts payable                                        2,295
                  Accrued compensation                     1,875             --          1,875
                  Trust funds                              7,100             --         (3,397)
                                                        ---------      ---------      ---------

           Net Cash (Used) by Operating Activities          (424)            --        (21,726)
                                                        ---------      ---------      ---------

 FINANCING ACTIVITIES:
     Shareholder advances                                    424             --          6,726
     Proceeds from sale of common stock                       --             --         15,000
                                                        ---------      ---------      ---------

           Net Cash From Financing Activities                424             --         21,726
                                                        ---------      ---------      ---------


NET INCREASE IN CASH                                          --             --             --

CASH, beginning of period                                     --             --             --
                                                        ---------      ---------      ---------

CASH, end of period                                     $     --       $     --       $     --
                                                        =========      =========      =========
</TABLE>

                         SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS

                                                F-3
<PAGE>
<TABLE>

                                                     VORSATECH VENTURES, INC.
                                                   (a Development Stage Company)
                                                 STATEMENT OF STOCKHOLDERS' EQUITY



                                                                                                  (DEFICIT)
                                                                                                 ACCUMULATED
                                                           COMMON STOCK                           DURING THE
                                                    -------------------------      PAID-IN        DEVELOPMENT
                                                       SHARES         AMOUNT       CAPITAL           STAGE           TOTAL
                                                    ----------     ----------     ----------      ----------      ----------
<S>                                                    <C>         <C>            <C>             <C>             <C>
BALANCE, AT INCEPTION,                                     --      $      --      $      --       $      --       $      --
 Stock issued for services, December 18, 1998,
  at $1000 per share                                        1              0          1,000              --           1,000
 Contributed services                                      --             --            600              --             600
 Net (loss) for the period                                 --             --             --          (1,600)         (1,600)
                                                    ----------     ----------     ----------      ----------      ----------
BALANCE, MARCH 31, 1999                                     1              0          1,600          (1,600)             --
 Contributed services                                      --             --          1,200              --           1,200
 Net (loss) for the year                                   --             --             --          (1,200)         (1,200)
                                                    ----------     ----------     ----------      ----------      ----------
BALANCE, MARCH 31, 2000                                     1              0          2,800          (2,800)             --
 Stock issued for services,December 4, 2000,
  for $100 per share                                       25              0          2,500              --           2,500
 Contributed services                                      --             --          1,200              --           1,200
 Net (loss) for the year                                   --             --             --          (8,616)         (8,616)
                                                    ----------     ----------     ----------      ----------      ----------
BALANCE, MARCH 31, 2001                                    26              0          6,500         (11,416)         (4,916)
 Stock issued for services November 21, 2001,
  for $.02 per share                                  115,949             12          2,307              --           2,319
 Stock issued for services December 7, 2001,
  for $.02 per share                                   12,731              1            254              --             255
 Contributed services                                      --             --          1,200              --           1,200
 Net (loss) for the year                                   --             --             --          (3,774)         (3,774)
                                                    ----------     ----------     ----------      ----------      ----------
BALANCE, MARCH 31, 2002,                              128,706             13         10,261         (15,190)         (4,916)
 Issuance of shares to acquire
 Public Disclosure, Inc. on December 6, 2002,
  for $.02 per share                                  750,000             75         14,925              --          15,000
 Contributed services                                      --             --          1,200              --           1,200
 Net (loss) for the year                                   --             --             --         (18,290)        (18,290)
                                                    ----------     ----------     ----------      ----------      ----------
BALANCE, MARCH 31, 2003                               878,706             88         26,386         (33,480)         (7,006)
 Proceeds from sale of common stock
  March 4, 2004, for $.01 per share                 1,500,000            150         14,850              --          15,000
 Shares issued in settlement of transfer fees
  on March 5, 2004, for $.29 per share                 10,000              1          2,884              --           2,885
 Stock issued for services on March 15, 2004,
  for $.01 per share                                  250,000             25          2,475              --           2,500
 Contributed services                                      --             --          1,200              --           1,200
 Net (loss) for the year                                   --             --             --         (10,385)        (10,385)
                                                    ----------     ----------     ----------      ----------      ----------
BALANCE, MARCH 31, 2004                             2,638,706            264         47,795         (43,865)          4,194
 Contributed services                                      --             --            900              --             900
 Net (loss) for the nine months                            --             --             --         (10,298)        (10,298)
                                                    ----------     ----------     ----------      ----------      ----------
BALANCE, DECEMBER 31, 2004                          2,638,706      $     264      $  48,695       $ (54,164)      $  (5,205)
                                                    ==========     ==========     ==========      ==========      ==========

                                          SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS

                                                               F-4

</TABLE>
<PAGE>

VORSATECH VENTURES, INC.

Notes to Financial Statements (unaudited)

Note 1. BASIS OF PRESENTATION

In the opinion of management, the accompanying unaudited condensed financial
statements have been prepared in accordance with generally accepted accounting
principles for interim financial information and with the instructions to Form
10-QSB. Accordingly, they do not include all of the information and footnotes
required by generally accepted accounting principles for complete financial
statements. In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation of the
Company's financial position as of December 31, 2004 and the results of its
operations for the three and nine months ended December 31, 2004 and 2003 and
cash flows for the nine months ended December 31, 2004 and 2003 have been made.
Operating results for the nine months ended December 31, 2004 are not
necessarily indicative of the results that may be expected for the year ended
March 31, 2005.

These condensed financial statements should be read in conjunction with the
financial statements and notes thereto contained in the Company's Form 10-SB for
the year ended March 31, 2004.

                                      F-5
<PAGE>

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

Overview
--------

The Company is considered a development stage company with limited assets or
capital and with no operations or income since inception. The costs and expenses
associated with the preparation and filing of this registration statement and
other operations of the Company have been paid for by loans from the President
of the Company. It is anticipated that the Company will require only nominal
capital to maintain the corporate viability of the Company and necessary funds
will most likely be provided by the Company's existing shareholders or its
officers and directors in the immediate future. However, unless the Company is
able to facilitate an acquisition of or merger with an operating business or is
able to obtain significant outside financing, there is substantial doubt about
its ability to continue as a viable corporation.

In the opinion of management, inflation has not and will not have a material
effect on the operations of the Company until such time as the Company
successfully completes an acquisition or merger. At that time, management will
evaluate the possible effects of inflation on the Company as it relates to its
business and operations following a successful acquisition or merger.

Plan of Operation
-----------------

During the next twelve months, the Company will actively seek out and
investigate possible business opportunities with the intent to acquire or merge
with one or more business ventures. Because the Company lacks finds, it may be
necessary for the officers and directors to either advance funds to the Company
or to incur expenses until such time as a successful business consolidation can
be made. Management intends to hold expenses to a minimum and to obtain services
on a contingency basis when possible. Further, the Company's President and sole
Director will defer payment of all accrued compensation until such time as an
acquisition or merger can be accomplished and will strive to have the business
opportunity provide his remuneration. However, if the Company engages outside
advisors or consultants in its search for business opportunities, it may be
necessary for the Company to attempt to raise additional funds.

As of the date hereof, the Company has engaged its officers and directors and
legal counsel to assist in the search for business opportunities. The Company
has not made any arrangements or definitive agreements to use outside advisors
or consultants or to raise any capital. In the event the Company does need to
raise capital most likely the only method available to the Company would be the
private sale of its securities. Because of the nature of the Company as a
development stage company, it is unlikely that it could make a public sale of
securities or be able to borrow any significant sum, from either a commercial or
private lender. There can be no assurance that the Company will be able to
obtain additional funding when and if needed, or that such funding, if
available, can be obtained on terms acceptable to the Company.

The Company does not intend to use any employees, with the possible exception of
part-time clerical assistance on an as-needed basis. Outside advisors or
consultants will be used only if they can be obtained for minimal cost or on a
deferred payment basis. Management is confident that it will be able to operate
in this manner and to continue its search for business opportunities during the
next twelve months.

Results of Operation
--------------------

The Company has had no operations during this reporting period. During the
quarterly period covered by this report, the Company received no revenue and
incurred expenses of $2,813 stemming from general and administrative
expenditures.

Liquidity
---------

As of December 31, 2004 the Company had total current assets of $3,397 and total
liabilities of $8,601.

                                       3
<PAGE>

ITEM 3.  CONTROLS AND PROCEDURES

The registrant's Principal executive officers and principal financial officer,
based on their evaluation of the registrant's disclosure controls and procedures
(as defined in Rules 13a-14 (c) of the Securities Exchange Act of 1934) as of
December 31, 2004 have concluded that the registrants' disclosure controls and
procedures are adequate and effective to ensure that material information
relating to the registrants and their consolidated subsidiaries is recorded,
processed, summarized and reported within the time periods specified by the
SEC's rules and forms, particularly during the period in which this quarterly
report has been prepared.

The registrants' principal executive officers and principal financial officer
have concluded that there were no significant changes in the registrants'
internal controls or in other factors that could significantly affect these
controls subsequent to December 31, 2004 the date of their most recent
evaluation of such controls, and that there was no significant deficiencies or
material weaknesses in the registrant's internal controls.

                           PART II: OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

None

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None

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

None

ITEM 5.  OTHER INFORMATION

None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits

         3.1.1*   Articles of Incorporation in Colorado dated October 30, 1998
         3.1.2*   Amendment of Articles of Incorporation dated July 18, 2000
         3.1.3*   Amendment of Articles of Incorporation dated September 28,
                  2000
         3.1.4*   Amendment of Articles of Incorporation dated June 1, 2001
         3.1.5*   Memorandum and Articles of Association of ValuShip Ltd. in the
                  Bahamas dated May 18, 2001
         3.1.6*   Articles of Merger of ValuShip Ltd (Colorado) and ValuShip
                  Ltd. (Bahamas) dated December 14, 2001
         3.1.7*   Amendment of Certification of Incorporation in the Bahamas
                  dated June 24, 2002
         3.1.8*   Certificate of Incorporation in Delaware dated February 23,
                  2004
         3.1.9*   Certificate of Domestication of Vorsatech Ventures, Inc.
         3.1.10*  Certificate of Continuation Under Foreign Law dated March 8,
                  2004
         3.2*     Bylaws
         31.1     Section 302 Certification
         32.1     Section 906 Certification of CEO
         32.2     Section 906 Certification of CFO

         ---------------------------

         * Previously filed as an exhibit to the Company's Form 10-SB as filed
         June 15, 2004

                                       4
<PAGE>


(b)      Reports on Form 8-K filed during the three months ended December 31,
         2004.

         No Current Reports on Form 8-K were filed during the three months ended
         December 31, 2004





SIGNATURES

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

Date:  January 31, 2005                     Vorsatech Ventures, Inc.

                                            /S/ Thomas Braun
                                            ---------------------------
                                            Thomas Braun
                                            President

                                       5