United States

Securities and Exchange Commission

Washington, D.C. 20549

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



Form 10-KSB



|[X]   Annual Report Pursuant to Section 13 or 15(d) of the Securities     
|--------------------------------------------------------------------------
|Exchange Act of 1934                                                      
|                                                                          
|For the Fiscal Year Ended December 31, 2004                               
|                                                                          
|[ ]    Transition Report Pursuant to Section 13 or 15(d) of the Securities
|Exchange Act of 1934                                                      
|                                                                          
|For the Transition Period from_________to__________                       



Commission File Number 0-50340



Premier Document Services, Inc.

(Exact Name of Registrant as Specified in its Charter)



|Nevada                                                         | 75-2980786                             
|-------------------------------------------------------------- | ---------------------------------------
|(State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification number)



|4001 S. Decatur Blvd., Suite 37-218, Las Vegas, NV | 89103     
|-------------------------------------------------- | ----------
|(Address of principal executive offices)           | (Zip code)

Registrants Telephone Number, Including Area Code: (702) 813-4543



Securities Registered Pursuant to Section 12(b) of the Act: NONE



Securities Registered Pursuant to Section 12(g) of the Act:

Common Stock, $0.001 par value per share, 60,000,000 shares authorized, 7,942,750 shares issued and outstanding as of March 25, 2005.



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 [ ]



Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained herein, and will not 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.  [ ]



As of the date of this filing, the Companys Common Stock is listed on the Over-The-Counter Bulletin Board under the symbol PDSV; however, the stock has yet to trade and therefore has no market value.



Some of the statements contained in this Form 10-KSB are not historical facts rather "forward-looking statements" which can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," "intends," or the negative of such terms or other variations, or by discussions of strategy that involve risks and uncertainties.  Caution should be exercised in regards to these forward-looking statements.  Such statements contained herein reflect our current beliefs with

1





respect to future events.  These beliefs involve known and unknown risks, uncertainties and other factors, including, but not limited to, economic, competitive, regulatory, technological, key employee and general business factors affecting our operations, market growth, services, products and licenses.  No assurances can be given regarding the achievement of future results.  Actual results may differ materially as a result of the above-mentioned risks, and from assumptions made based on anticipated events.  Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Risk Factor section of this document and in Item 6, Managements Discussion and Analysis of Financial Condition or Plan of Operation.





PART I



ITEM 1.  DESCRIPTION OF BUSINESS.



Overview and History



We were incorporated as a Nevada Corporation on January 28, 2002.  Our principal business objective is to provide document preparation and signatory services to mortgage, real estate and other financial services firms.  Our Secretary, Crystal Kim Han, prepares all of the documents.  The independent contractor that we utilize to perform our signatory services is a licensed and bonded notary public and is required to keep abreast of any updated laws or regulatory changes that could affect the document preparation and signatory industry.



We seek to target business professionals such as attorneys, doctors, accountants, mortgage loan specialists and real estate agents who work traditional weekday hours and are unable to make accommodations during standard business hours to sign documents.  In this manner, we believe we can assist individuals to meet deadlines without sacrificing productivity and efficiency.  Many local escrow, title and mortgage companies currently utilize our signatory services to obtain signatures from their clients that require a twenty-four (24) hour turnaround.  By providing quality service to these entities we hope to obtain referral business.



Future operations are dependent upon our ability to implement our business and marketing strategies and to establish relationships and contracts with financial services firms to provide document preparation and signatory services.



Our Articles of Incorporation authorize us to issue up to 60,000,000 shares of common stock at a par value of $0.001 per share and 15,000,000 shares of preferred stock at a par value of $0.001 per share.  As of March 25, 2005 we had 7,942,750 shares of our Common Stock outstanding and no shares of our Preferred Stock outstanding.  It may be necessary to raise additional funds and/or reduce cash expenditures in the next 12 months.  Funds could be generated through the issuance of additional stock.  Cash expenditures could be reduced through the lay-off of personnel and or a reduction in employee salaries or benefits.

2





Industry Background



The document preparation and signatory services industry is a relatively small industry segment, and such services tend to be offered by diversified financial services firms.  Our future revenue, of which there can be no guarantee, will be closely related to the level of real estate purchase and financing activity. Real estate sales are directly affected by the availability of funds to finance purchases.  Other factors affecting real estate activity include demand, mortgage interest rates, family income levels and general economic conditions.  Decreases in mortgage interest rates since late 1995, as well as the resulting improvement in the real estate market, have had a favorable effect on the level of real estate activity, including refinancing transactions, new home sales and resales.



The overall economic environment, stable mortgage interest rates and strength in the real estate market in general, contributed to very positive conditions for the industry throughout 2000, 2001, 2002, 2003 and 2004.  Although the Federal Reserve has begun to raise interest rates, we believe it to be likely that interest rates will remain low and real estate demand high for the next one to three years, it is, however, impossible to predict the future direction of interest rates and the health of the real estate market.  Should mortgage activity drop due to increasing interest rates, we will experience a decline in demand for our preparation of documents such as deeds of trust and loan applications and the obtainment of appropriate signatures on attorney documents, mortgage loan papers and other real estate disclosures.



Principal Products and Services



We mainly provide document preparation and signatory services related to the documentation of real estate transactions in the Las Vegas market.  Our services include the preparation of documents such as deeds of trust, notes, state and federal disclosures, and loan applications.  Our Secretary, Crystal Kim Han, prepares the documents.  The obtainment of appropriate signatures on attorney documents, mortgage loan papers and other real estate disclosures are obtained by independent licensed notaries.



We offer our services on a twenty-four (24) hour basis to accommodate individuals unable to obtain document preparation or signatory services during traditional business hours.  Many businesses located in Las Vegas, NV operate twenty-four (24) hours a day.



Regardless of the type of document, the Company charges a flat fee of $150 per document.  As the Company utilizes the services of our Secretary, Crystal Kim Han, to prepare these documents and not through the use of an independent contractor there is no impact to the margin earned on these services.



Signatory fees range on a per signing basis from $100 for an in office signing, $150 for an after hours or out of office signing and $200 for an out of area signing (excluding fuel costs).  The independent contractor obtaining the signature(s) is paid a flat fee of $50 per signing and $.35 per mile if the signing is out of the office.  We believe fostering strategic relationships with local title companies, escrow services, law firms and mortgage companies will assist in generating demand for our document preparation and signatory services.



Our business strategy consists of the following key elements:



Continue to Recruit and Maintain Highly Qualified Personnel



We believe that the development of personal relationships between our personnel, independent contractor and potential customers is crucial to the development of a base of operations for our business.  Additional independent contractors will be recruited through the use of newspaper advertisements, informal introductions from industry participants and internal staff.

3







These independent contractors will be paid on a per signing basis and will not be contracted by Premier Document Services or Anchor Mortgage. In addition, there exists a large labor pool of these types of individuals.  We are, however, actively attempting to hire additional qualified document preparers.  To this end, we will seek to recruit the services of one or more of our experienced and talented independent subcontractors who we believe have the necessary skills and aptitude to fill the position(s).



Build Strong Brand Recognition



It is our belief that name recognition is an important advantage for document preparation and signatory companies.  As these services are generally available from a variety of companies, individuals must trust in a signatory's reliability and credibility.  To maximize brand awareness, expand our customer base effectively, and avoid reliance on any one source of customers, we seek to build brand recognition through multiple marketing channels, initially including, but not limited to: web-based and traditional advertising, direct marketing and strategic alliances.  In 2004 we spent a total of $64,148 on the marketing of our services.  We were able to invest significantly on advertising based on our revenue generation.  Although this represents approximately one-third of our total 2004 revenue, we believe it is necessary to expand our business beyond providing services to Anchor Mortgage.



Pursue Long-Term Contracts with Financial Services Corporations



Currently, we are at 100% capacity in providing quality customer services to Anchor Mortgage.  We have been limited by our ability to find, hire and train qualified individuals. The recent upturn in the real estate market has made it cost prohibitive to hire an experienced loan document preparer, however, we have and will continue to try and train our independent contractor to fill this position.  We will need to accomplish this before pursuing relationships with other mortgage companies.  We plan to pursue relationships similar to the one we currently have with Anchor Mortgage upon the hiring of qualified employees.  We can give no assurance these relationships, or any others, will be successful or profitable for us, or if successful, will result in synergistic opportunities, allow us to gain additional insight, expertise and penetration in markets where potential strategic alliances can be formed, or increase our revenue and income growth.  To date we have entered into no such contracts.



New Product Offerings



We have created no new documentations, nor do we foresee the creation of new documentations for the foreseeable future.  In addition, we do not foresee the implementation of new signatory services outside of those services we currently provide.



Distribution, Marketing and Customer Relations



To establish our brand and increase customer awareness, management intends to develop a marketing strategy that will be based on the establishment of relationships with title and escrow companies, as well as employing a mix of media and promotional activities.  These activities will be directed in those areas considered by management to have the lowest cost to acquire new customers.  Management seeks to maximize return from promotions by selecting advertising media based on the cost relative to the likely audience and its ability to generate interest in our services.

4







We cannot guarantee that we will be able to successfully market and distribute our services, and the failure to do so could have an adverse effect on our operations.  We believe that building awareness of Premier Document Services is important to establishing and expanding our customer base.  We will also use traditional media, as our revenues permit, to attract new customers.  Although we do not currently have a Web site, nor are there plans to create a Web site in the foreseeable future, management has not ruled out the creation of a Web site once revenues are determined to be sufficient enough to undertake such development.  Management believes the potential benefits of Internet operations would include the ability for clients to schedule pick-up and delivery times, make payments via the Internet, and provide title, mortgage and real estate companies the ability to advertise their products and services.



Competition



The attraction and retention of customers and independent agents in the document preparation and signatory services industry is highly competitive.  The number of competing companies and the size of such companies vary in the Las Vegas market.  Generally, our competition is with title insurers and agents, with the most effective competition coming from companies that possess greater capital resources.  Our competition with respect to such services includes large escrow and title companies, document preparation companies, as well as various legal processing services companies.



Many of our potential competitors have longer operating histories, larger customer bases, greater brand recognition and significantly greater financial, marketing and other resources than us.  Increased competition may result in reduced operating margins, loss of market share and a diminished brand franchise.  There can be no assurance that we will be able to compete successfully against current and future competitors, and competitive pressures faced by us may have a material adverse effect on our business, prospects, financial condition and results of operations.



As a strategic response to changes in the competitive environment, we may, from time to time, make certain pricing, service or marketing decisions that could have a material adverse effect on our business, prospects, financial condition and results of operations.



Government Regulation



The business we conduct does not require a need for government approval of our principal products or services.  In addition, we foresee no probable governmental regulations that would have an impact on our principal products or services.



Various federal and state agencies may propose new legislation that may adversely affect our business, financial condition and results of operations.  We are not aware of any probable government regulations that may adversely affect our business.



Proprietary Rights



We may be required to license products or services in the future, for use in the general operations of our business plan.  We cannot assure you that these third party licenses will be available or will continue to be available to us on acceptable terms if at all.  The inability to enter into and maintain any of these licenses could have a material adverse effect on our business, financial condition or operating results.  In addition, policing unauthorized use of our proprietary and other intellectual property rights could be expensive if not difficult or impossible.

5







We cannot guarantee that third parties will not bring claims of copyright or trademark infringement against us or claim that certain aspects or other features of our documents violates a copyright they may hold.  There can be no assurance that third parties will not claim that we have misappropriated their creative ideas or formats or otherwise infringed upon their proprietary rights.  Any claims of infringement, with or without merit, could be time consuming to defend, result in costly litigation, divert management attention, or require us to enter into costly royalty or licensing arrangements.  These potential legal issues could have a material adverse effect on our business, financial condition or operating results.



To date we hold no patents, trademarks, licenses, franchises, concessions, royalty agreements, or labor contracts, nor is there plans to hold such items for the foreseeable future.  The above disclosures are to inform the public of the potential risks associated with holding such items should we do so in the future.



Employees



Our only full time employee is the officer of our Company.  We do however utilize the services of one independent contractor to perform signatory services.  We believe that our relations with our employees are good.

























































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RISK FACTORS



The following discussion contains, in addition to historical information, forward-looking statements that involve risks and uncertainties.  Our actual results could differ significantly from the results discussed in the forward-looking statements.  Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and in Item 6, Managements Discussion and Analysis of Financial Condition or Plan of Operation.



Our limited operating history could be a disadvantage to our growth.



We were formed on January 28, 2002.  As a result, we have only a limited operating history on which investors can base an evaluation of our business and prospects.  We are subject to all the risks inherent in a small company seeking to provide signatory and document preparation services to mortgage, real estate and other financial services firms.  The likelihood of our success must be considered, in light of the problems, expenses, difficulties, complications and delays frequently encountered in connection with the development, introduction, marketing and distribution of these services in a competitive environment.



Competition could negatively affect our ability to successfully execute our business plan.



Many of our potential competitors have longer operating histories, larger customer bases, greater brand recognition and significantly greater financial, marketing and other resources than us.  Increased competition may result in reduced operating margins, loss of market share and a diminished brand recognition.  There can be no assurance that we will be able to compete successfully against current and future competitors, and competitive pressures faced by us may have a material adverse effect on our business, prospects, financial condition and results of operations.  Further, as a strategic response to changes in the competitive environment, we may from time to time make certain pricing, service or marketing decisions that could have a material adverse effect on our business, prospects, financial condition and results of operations.



Unpredictability of future revenues, potential fluctuations in quarterly operating results and seasonality could have a negative effect on us.



As a result of our limited operating history and the nature of the market in which we compete, we are unable to accurately forecast our revenues.  Our operating results will generally be dependent upon the volume of, timing of and ability to fulfill service orders, which are difficult to forecast.  We may be unable to adjust spending in a timely manner to compensate for any unexpected revenue shortfall.  Accordingly, any significant shortfall in revenues in relation to our planned expenditures would have an immediate adverse effect on our business, prospects, financial condition and results of operations.  Further, as a strategic response to changes in the competitive environment, we may, from time to time, make certain service or marketing decisions that could have a material adverse effect on our, prospects, financial condition and results of operations.



If we fail to properly manage growth, our business could be adversely affected.



We anticipate that significant expansion will be required to address potential growth in our customer base and market opportunities.  This expansion may place a significant strain on our management, operational and financial resources.  To manage any material growth of our operations and personnel, we may be required to improve existing operational and financial systems, procedures and controls and to expand, train and manage our employee base.



7





There can be no assurance that our planned personnel, systems, procedures and controls will be adequate to support our future operations that management will be able to hire, train, retain, motivate and manage required personnel or that our management will be able to successfully identify, manage and exploit existing and potential market opportunities.  If we are unable to manage growth effectively, our business, prospects, financial condition and results of operations will be materially adversely affected.



Possible Future Issuances of Common Stock Will Have a Dilutive Affect on Existing Shareholders



The Company is authorized to issue up to 60,000,000 shares of Common Stock.  As of March 25, 2005, there are 7,942,750 shares of common stock issued and outstanding.  Additional issuances of common stock may be required to raise capital, to acquire stock or assets of other companies, to compensate employees or to undertake other activities without stockholder approval.  These additional issuances of common stock will increase outstanding shares and further dilute stockholders interests.  Because our common stock will be subject to the existing rules on penny stocks, the market liquidity for and value of our securities can be severely adversely affected.



































































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ITEM 2.  DESCRIPTION OF PROPERTIES.



Our headquarters and facilities are located at 4001 S. Decatur Blvd., Suite 37-218, Las Vegas, Nevada 89103.  Through a Usage of Office Space Agreement with Anchor Mortgage Corporation (see exhibit 10.1 filed previously on Form 10-SB with the Securities and Exchange Commission) a non-related third party to Premier Document Services, we have access to 200 square feet of office space including activated phone lines, desks and the use of a conference room on flat fee hourly rate of $200.00/hr., plus all phone call fees, on a month-to-month basis.  Either Anchor Mortgage Corporation or Premier Document Services may terminate this Agreement for any reason upon at least thirty (30) days prior written notice.  This Agreement will stay in full force and effect until such time as either party terminates it.  Additionally, there are currently no proposed programs for the renovation, improvement or development of the property currently being utilized.  If additional facilities are needed, we believe that suitable expansion space is available to meet our future needs at commercially reasonable terms.  Currently, management believes that the office provides sufficient workspace to conduct current operations.



ITEM 3.  LEGAL PROCEEDINGS.



We were not subject in the year 2004, nor are we currently subject to any legal proceedings.



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



Not applicable.

















































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9







PART II



ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.



A.

Market Information



Our common stock, par value $0.001 per share, is listed on the Over-the-Counter Bulletin Board (OTCBB) under the symbol PDSV.  Although trading approval was received on November 2, 2004 our common equity has yet to trade, nor is it subject to outstanding warrants, or have stock options been granted.  No sales of common equity have been sold pursuant to Rule 144 of the Securities Act, nor has an offering been made that could have a material effect on the market price of our common equity.



B.

Holders



As of March 25, 2005 there were 39 stockholders of record of our Common Stock.



C.

Dividends



We have not paid cash dividends on our Common Stock and do not intend to pay any cash dividends for the foreseeable future.























































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10





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



FORWARD LOOKING STATEMENTS



The statements contained in this report that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act.  Forward-looking statements are made based upon managements current expectations and beliefs concerning future developments and their potential effects upon the Company.  There can be no assurance that future developments affecting the Company will be those anticipated by management.  Actual results may differ materially from those included in the forward-looking statements.



Readers are also directed to other risks and uncertainties discussed in other documents filed by the Company with the Securities and Exchange Commission.  The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise.



General



Technological change, continuing process development and a reduction in the overall real estate market may affect the demand for our services.  Our success will depend, in part, upon our continued ability to provide quality document and signatory services that meet changing customer needs, successfully anticipate or respond to technological changes in technological processes on a cost-effective and timely basis and enhance and expand our client base.  Current competitors or new market entrants may provide services superior to ours that could adversely affect the competitive position of our Company.  Any failure or delay in achieving our priorities in the next twelve to twenty-four months of operations could have a material adverse effect on our business, future results of operations and financial condition.



Results of Operation



Revenues.  In fiscal 2004, we generated $197,111 in revenue from two customers compared to $213,410 from one customer in revenue generated in 2003.  We believe our projected cash flows will be adequate to fund our operations and provide for our working capital needs for at least the next 12 to 24 months.  As we grow our business and obtain additional clients for our document preparation and signatory services, our revenues should grow on a consistent basis.  By focusing our efforts on limiting general and administrative expenses as we increase revenue, we expect to increase our net income on a consistent basis as well.  We do not anticipate seasonal variations to affect our revenues as the Las Vegas real estate market and mortgage industry have been consistently strong over the past several years and management expects this trend to continue for at least the foreseeable future.  If fluctuations in the revenue generated by our services were to affect cash flow to an extent not manageable through a reduction in operating expenses, we may be required to obtain additional capital through either the sale of additional shares of common stock, debt financing or the sale of fixed assets.



General and administrative expenses.  General and administrative expenses were $17,170 in fiscal 2004 compared with $19,649 in fiscal 2003.  General and Administrative expenses have remained fairly constant as management is focused on controlling this expense.



Contract labor.  Contract labor expense consists of the fees paid to our independent contractors.  In fiscal 2004 contract labor expense was $8,455 compared with $159,779 in fiscal 2003.  As we employ independent contractors to perform most of our services at this time, contract labor expense is directly related to the revenues we generate for our services.

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Contract labor  related party.  Contract labor  related party expense consists of the salary and bonus paid to our President.  In fiscal 2004 contract labor  related party expense was $5,050 compared with $0 in fiscal 2003.  On July 7, 2004 the Company agreed to compensate our President with an annual salary of $6,000.  On December 3, 2004, the Company further agreed to pay our President a bonus at the end of each year to be decided by the Companys Board of Directors.  During the year ended December 31, 2004, the Company recognized executive compensation totaling $5,050 of which $3,000 was considered salary and $2,050 as her annual bonus.



Marketing expense.  Our marketing expense was $64,148 in fiscal 2004 compared with $0 in fiscal 2003.  We were able to invest significantly on marketing our services based on our revenue generation.  Although this represents approximately one-third of our total 2004 revenue, we believe it is necessary to expand our business beyond providing services to Anchor Mortgage.



Consulting expense.  Our consulting expense was $43,567 in fiscal 2004 compared with $0 in fiscal 2003.  This represents cash paid for consulting services.



Consulting expense  stock based.  Our consulting expense  stock based was $7,000 in fiscal 2004 compared with $133,000 in fiscal 2003.  In 2003 we engaged the services of a real estate expert to assist us in expanding our business operations in the Las Vegas area and to provide assistance with our sale of common stock in exchange for 350,000 shares of our common stock all of which was expensed in the amount of $70,000 in 2003.  In February 2003, we constituted an agreement with a consulting company to perform corporate consulting and advisory services for us in conjunction with the development of a securities package for the sale of the securities to the public.  We agreed to provide 350,000 shares of our common stock for its services upon completion.  During the year ended December 31, 2003, a total of 315,000 shares in the amount of $63,000 were expensed and during the year ended December 31, 2004, a total of 35,000 shares in the amount of $7,000 were expensed.



Depreciation. Depreciation was $12,712 in fiscal 2004 compared with $12,712 in fiscal 2003.  This represents depreciation on the assets of the Company.



Total expenses.  We incurred total expenses for the year ended 2004 of $158,102 compared with $325,140 in fiscal 2003.  Expenditures in 2004 were primarily due to costs incurred for marketing and consulting services.  Total expenses dropped significantly in 2004 as the expense related to bringing the Company public was mainly recorded in fiscal 2003.



Interest income.  We received interest income for the year ended 2004 of $204 compared with $156 in fiscal 2003.  This is the income the Company earns on its cash and equivalents.



Net income (loss).  We recognized net income of $39,213 in fiscal 2004 as compared to a net loss of $111,574 in fiscal 2003.  Now that the expense related to our going public is behind us we plan to focus on growing our revenues and to reduce expenses thereby increasing net income and shareholder value.



Financial Condition and Liquidity



Since inception, we have funded operations primarily through the net cash proceeds from a private offering of our common stock and revenues generated from operations.  At December 31, 2004, we had cash and equivalents of $197,730 and total stockholders equity of $228,837.  In addition, we had positive working capital of $197,730.



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The Company expects that we will, from time to time, return to the capital markets seeking additional equity capital or debt to further our operations.  Thus, if cash generated from operations in future periods is insufficient to satisfy our liquidity requirements, we may sell additional equity or debt securities, or through bank credit facilities.  The issuance of additional equity or convertible debt securities could result in additional dilution to our shareholders.



Net cash provided by operating activities during fiscal 2004 was $57,049, which was due to our net income of $39,213, depreciation of $12,712, shares issued for services of $7,000 offset by a decrease in accounts payable of $1,876.  Net cash provided by operating activities during fiscal 2003 was $33,937, which was due to a net loss of $111,574, a decrease in accounts payable of $182 and a decrease in payroll liabilities of $19 offset by depreciation of $12,712 and shares issued for services of $133,000.



Net cash used by investing activities during fiscal 2004 was $0 and during fiscal 2003 was $0.  As cash flow allows, the Company may enter into investing activities on a case-by-case basis should management believe it prudent to do so.



Net cash provided by financing activities during fiscal 2004 was $0 and during fiscal 2003 was $48,550.





























































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13





ITEM 7.  FINANCIAL STATEMENTS.







TABLE OF CONTENTS





|                                                        | PAGE       
|------------------------------------------------------- | -----------
|                                                        |            
|REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | F-1        
|                                                        |            
|BALANCE SHEETS                                          | F-2        
|                                                        |            
|STATEMENTS OF OPERATIONS                                | F-3        
|                                                        |            
|STATEMENT OF STOCKHOLDERS EQUITY                       | F-4        
|                                                        |            
|STATEMENTS OF CASH FLOWS                                | F-5        
|                                                        |            
|FOOTNOTES                                               | F-6 to F-10



14





Beckstead and Watts, LLP

Certified Public Accountants

2425 W Horizon Ridge Parkway

Henderson, NV 89052

702.257.1984 (tel)

702.362.0540 (fax)





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





We have audited the accompanying balance sheet of Premier Document Services, Inc. (the Company), as of December 31, 2004 and 2003, and the related statement of operations, stockholders equity, and cash flows for the years then ended.  These financial statements are the responsibility of the Companys management.  Our responsibility is to express an opinion on these financial statements based on our audit.



We conducted our audit in accordance with the standards of Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audit provides a reasonable basis for our opinion.



In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Premier Document Services, Inc. as of December 31, 2004 and 2003, and the results of its operations and cash flows for the years then ended, in conformity with U.S. generally accepted accounting principles.









/s/ Beckstead and Watts, LLP



March 23, 2005















F-1

15







Premier Document Services, Inc.

Balance Sheets





|                                                                                                             | December 31,
|------------------------------------------------------------------------------------------------------------ | ------------
|                                                                                                             | 2004        
|Assets                                                                                                      
|                                                                                                             |             
|Current assets:                                                                                              |             
|Cash and equivalents                                                                                         | $           
|Total current assets                                                                                         |             
|                                                                                                             |             
|Fixed assets, net                                                                                            |             
|                                                                                                             |             
|                                                                                                             | $           
|                                                                                                             |             
|Liabilities and Stockholders Equity                                                                        
|                                                                                                             |             
|Current liabilities:                                                                                         |             
|Accounts payable                                                                                             | $           
|Total current liabilities                                                                                    |             
|                                                                                                             |             
|                                                                                                             |             
|Stockholders equity:                                                                                        |             
|Preferred stock, $0.001 par value, 15,000,000 shares                                                         |             
|authorized, no shares issued and outstanding                                                                 |             
|Common stock, $0.001 par value, 60,000,000 shares                                                            |             
|authorized, 7,942,750 and 7,942,750 shares issued and outstanding as of 12/31/04 and 12/31/03, respectively. |             
|Additional paid-in capital                                                                                   |             
|Prepaid compensation                                                                                         |             
|Retained (deficit)                                                                                           |             
|                                                                                                             |             
|                                                                                                             |             
|                                                                                                             | $           



















The accompanying notes are an integral part of these financial statements.



F-2

16







Premier Document Services, Inc.

Statements of Operations





|                                                      | For the year ended  
|----------------------------------------------------- | --------------------
|                                                      | December 31,        
|                                                      | 2004                
|                                                      |                     
|Revenue                                               | $         197,111   
|                                                      |                     
|Expenses:                                             |                     
|General and administrative expenses                   | 17,170              
|Contract labor                                        | 8,455               
|Contract labor  related party                        | 5,050               
|Marketing expense                                     | 64,148              
|Consulting expense                                    | 43,567              
|Consulting expense  stock based                      | 7,000               
|Depreciation                                          | 12,712              
|Total expenses                                        | 158,102             
|                                                      |                     
|Other income:                                         |                     
|Interest income                                       | 204                 
|                                                      |                     
|Net income (loss)                                     | $           39,213  
|                                                      |                     
|Weighted average number of                            |                     
|common shares outstanding  basic and fully diluted   | 7,942,750           
|                                                      |                     
|Net income (loss) per share  basic and fully diluted | $               0.01































The accompanying notes are an integral part of these financial statements.



F-3

17







Premier Document Services, Inc.

Statement of Stockholders Equity





|                             |              |         | Addit-     | Subscr-       |                 |                 |               
|---------------------------- | ------------ | ------- | ---------- | ------------- | --------------- | --------------- | --------------
|                             | Common Stock | ional   | iption     | Deferred      | Retained        | Total          
|                             |              |         | Paid-in    | Receiv-       | Compen-         | Earnings        | Stockholders 
|                             | Shares       | Amount  | Capital    | able          | sation          | (Deficit)       | Equity        
|                             |              |         |            |               |                 |                 |               
|Balance forward,             |              |         |            |               |                 |                 |               
|December 31, 2002            | 7,000,000    | $ 7,000 | $   85,830 | $          -  | $             - | $       19,818  | $      112,648
|                             |              |         |            |               |                 |                 |               
|March 2003                   |              |         |            |               |                 |                 |               
|504 public offering          |              |         |            |               |                 |                 |               
|Issued for cash and services | 942,750      | 943     | 187,607    | (2,050)       | (105,000)       |                 | 81,500        
|                             |              |         |            |               |                 |                 |               
|June 2003                    |              |         |            |               |                 |                 |               
|Cancel subscriptions         |              |         |            |               |                 |                 |               
|receivable                   |              |         |            | 2,050         |                 |                 | 2,050         
|                             |              |         |            |               |                 |                 |               
|June 2003                    |              |         |            |               |                 |                 |               
|Prepaid compensation         |              |         |            |               | 70,000          |                 | 70,000        
|                             |              |         |            |               |                 |                 |               
|December 2003                |              |         |            |               |                 |                 |               
|Prepaid compensation         |              |         |            |               | 28,000          |                 | 28,000        
|                             |              |         |            |               |                 |                 |               
|Net (loss)                   |              |         |            |               |                 |                 |               
|For the year ended           |              |         |            |               |                 |                 |               
|December 31, 2003            |              |         |            |               |                 | (111,574)       | (111,574)     
|                             |              |         |            |               |                 |                 |               
|Balance, December 31, 2003   | 7,942,750    | 7,943   | 273,437    | -             | (7,000)         | (91,756)        | 182,624       
|                             |              |         |            |               |                 |                 |               
|December 2004                |              |         |            |               |                 |                 |               
|Prepaid compensation         |              |         |            |               | 7,000           |                 | 7,000         
|                             |              |         |            |               |                 |                 |               
|Net income                   |              |         |            |               |                 |                 |               
|For the year ended           |              |         |            |               |                 |                 |               
|December 31, 2004            |              |         |            |               |                 | 39,213          | 39,213        
|                             |              |         |            |               |                 |                 |               
|Balance, December 31, 2004   | 7,942,750    | $ 7,943 | $ 273,437  | $           - | $             - | $      (52,543) | $      228,837

















The accompanying notes are an integral part of these financial statements.



F-4

18







Premier Document Services, Inc.

Statements of Cash Flows





|                                                 |   | For the year ended
|------------------------------------------------ | - | ------------------
|                                                 |   | December 31,      
|                                                 |   | 2004              
|Cash flows from operating activities             |   |                   
|Net income (loss)                                | $ | 39,213            
|Depreciation                                     |   | 12,712            
|Shares issued for services                       |   | 7,000             
|Adjustments to reconcile net income (loss) to    |   |                   
|net cash provided by operating activities:       |   |                   
|Increase (decrease) in accounts payable          |   | (1,876)           
|Increase (decrease) in payroll liabilities       |   | -                 
|Net cash provided by operating activities        |   | 57,049            
|                                                 |   |                   
|Cash flows from investing activities             |   |                   
|Purchase of fixed assets                         |   | -                 
|Net cash (used) by investing activities          |   | -                 
|                                                 |   |                   
|Cash flows from financing activities             |   |                   
|Issuances of common stock                        |   | -                 
|Net cash provided by financing activities        |   | -                 
|                                                 |   |                   
|Net increase in cash                             |   | 57,049            
|Cash  beginning                                 |   | 140,681           
|Cash  ending                                    | $ | 197,730           
|                                                 |   |                   
|Supplemental disclosures:                        |   |                   
|Interest paid                                    | $ | -                 
|Income taxes paid                                | $ | -                 
|                                                 |   |                   
|Non-cash transactions:                           |   |                   
|Shares issued for services                       | $ | -                 
|Number of shares issued for services             |   | -                 
|                                                 |   |                   
|Shares issued for prepaid compensation           | $ | -                 
|Number of shares issued for prepaid compensation |   | -                 

















The accompanying notes are an integral part of these financial statements.



F-5

19





Premier Document Services, Inc.

Notes



Note 1  History and organization of the company



The Company was organized January 28, 2002 (Date of Inception) under the laws of the State of Nevada, as Premier Document Services, Inc.  The Company is authorized to issue 15,000,000 shares of $0.001 par value preferred stock and 60,000,000 shares of $0.001 par value common stock.



The Company provides document preparation and signatory services related to the documentation of real estate transactions in the Las Vegas market.



Note 2  Accounting policies and procedures



Use of estimates

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



Cash and cash equivalents

For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents.  There are no cash equivalents as of December 31, 2004 and 2003.



Equipment

The cost of equipment is depreciated over the estimated useful life of the equipment utilizing the straight-line method of depreciation based on the following estimated useful lives:



Equipment

5 years

Furniture & fixtures

7 years



Impairment of long lived assets

Long lived assets held and used by the Company are reviewed for possible impairment whenever events or circumstances indicate the carrying amount of an asset may not be recoverable or are impaired.  No such impairments have been identified by management at December 31, 2004 and 2003.



Fair value of financial instruments

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2004 and 2003.  The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values.  These financial instruments include cash and accounts payable.  Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.



Revenue recognition

The Company has agreements with its customers with a set price for all available services with add-ons for items such as after hours and out of area signings.  Once the services have been performed, the Company recognizes revenue upon invoicing their customers.  All fees are normally collected within 30 days.



Advertising costs

The Company expenses all costs of advertising as incurred.  There were $0 and $1,000 in advertising costs included in general and administrative expenses as of December 31, 2004 and 2003.



F-6

20





Premier Document Services, Inc.

Notes



Reporting on the costs of start-up activities

Statement of Position 98-5 (SOP 98-5), Reporting on the Costs of Start-Up Activities, which provides guidance on the financial reporting of start-up costs and organizational costs, requires most costs of start-up activities and organizational costs to be expensed as incurred.  SOP 98-5 is effective for fiscal years beginning after December 15, 1998.  With the adoption of SOP 98-5, there has been little or no effect on the Companys financial statements.



Earnings/(Loss) per share

Net earnings/(loss) per share is provided in accordance with Statement of Financial Accounting Standards No. 128 (SFAS #128) Earnings Per Share.  Basic earnings/(loss) per share is computed by dividing earnings/(losses) available to common stockholders by the weighted average number of common shares outstanding during the period.  As of December 31, 2004 and 2003, the Company had no dilutive common stock equivalents, such as stock options or warrants.



Dividends

The Company has not yet adopted any policy regarding payment of dividends.  No dividends have been paid or declared since inception.



Segment reporting

The Company follows Statement of Financial Accounting Standards No. 130, Disclosures About Segments of an Enterprise and Related Information.  The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.



Income taxes

The Company follows Statement of Financial Accounting Standard No. 109, Accounting for Income Taxes (SFAS No. 109) for recording the provision for income taxes.  Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled.  Deferred income tax expenses or benefits are based on the changes in the asset or liability each period.  If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized.  Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.



Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods.  Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.



Recent pronouncements

In November 2004, the FASB issued SFAS No. 151, Inventory Costs, an amendment of ARB No. 43, Chapter 4. SFAS No. 151 amends the guidance in ARB No. 43, Chapter 4, Inventory Pricing, to clarify the accounting for abnormal amounts of idle facility expense, freight, handing costs, and spoilage. This statement requires that those items be recognized as current period charges regardless of whether they meet the criterion of "so abnormal" which was the criterion specified in ARB No. 43. In addition, this Statement requires that allocation of fixed production overheads to the cost of production be based on normal capacity of the production facilities. This pronouncement is effective for the Company beginning October 1, 2005. The Company does not believe adopting this new standard will have a significant impact to its financial statements.



F-7

21







Premier Document Services, Inc.

Notes



In December 2004, the FASB issued SFAS No. 123 (revised 2004). Share-Based Payment, which is a revision of SFAS No. 123, Accounting for Stock-Based Compensation. SFAS No. 123(R) supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees and amends SFAS No. 95, Statement of Cash Flows. Generally, the approach in SFAS No. 123(R) is similar to the approach described in SFAS No. 123. However, SFAS No. 123(R) requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. The new standard will be effective for the Company in the first interim or annual reporting period beginning after December 15, 2005. The Company expects the adoption of this standard will have a material impact on its financial statements assuming employee stock options are granted in the future.



Year end

The Company has adopted December 31 as its fiscal year end.



Note 3  Income taxes



For the years ended December 31, 2004 and 2003, the Company incurred net operating income and losses and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At December 31, 2004, the Company had approximately $72,361 of federal and state net operating losses. The net operating loss carryforwards, if not utilized, will begin to expire in 2022.



The components of the Companys deferred tax asset are as follows:



|                                                   | As of December 31
|-------------------------------------------------- | -----------------
|                                                   | 2004             
|Deferred tax assets:                               |                  
|Net operating loss carryforwards                   | 72,361           
|Total deferred tax assets                          | 72,361           
|                                                   |                  
|Net deferred tax assets before valuation allowance | 72,361           
|Less: Valuation allowance                          | (72,361)         
|Net deferred tax assets                            | $          -0-   



For financial reporting purposes, the Company has incurred a loss in each period since its inception. Based on the available objective evidence, including the Companys history of losses, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at December 31, 2004 and 2003.



A reconciliation between the amount of income tax benefit determined by applying the applicable U.S. and State statutory income tax rate to pre-tax loss is as follows:



|                                                     | Year Ended December 31
|---------------------------------------------------- | ----------------------
|                                                     | 2004                  
|Federal and state statutory rate                     | $(24,603)             
|Change in valuation allowance on deferred tax assets | 24,603                
|                                                     | $         -0-         



F-8

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Premier Document Services, Inc.

Notes

Note 4  Fixed assets



Furniture and equipment as of December 31, 2004 consisted of the following:



|Computer and office equipment |  | $   52,258
|----------------------------- |  | ----------
|Furniture and fixtures        |  | 15,825    
|                              |  | 68,083    
|Accumulated depreciation      |  | (36,977)  
|                              |  | $   31,107



The Company recorded depreciation expense in the amount of $12,712 and $12,712 during the years ended December 31, 2004 and 2003, respectively.



Note 5  Stockholders equity



The Company is authorized to issue 60,000,000 shares of it $0.001 par value common stock and 15,000,000 shares of its $0.001 par value preferred stock.



As of December 31, 2002, the Company had 7,000,000 shares of its $0.001 par value common stock issued and outstanding.



During March 2003, the Company completed an offering that was registered with the State of Nevada pursuant to NRS 90.490 and was exempt from federal registration pursuant to Regulation D, Rule 504 of the Securities Act of 1933, as amended.  The Company sold 942,750 shares of its $0.001 par value common stock at a price of $0.20 per share for cash and services totaling $188,550.  Of the total amount $2,050 was considered subscriptions receivable and $105,000 was considered prepaid compensation.



During June 2003, the Company received cash of $2,050 to cancel the entire balance of subscriptions receivable.



During June 2003, the Company expensed $70,000 of prepaid compensation.



During December 2003, the Company expensed $28,000 of prepaid compensation.



During December 2004, the Company expensed $7,000 of prepaid compensation.



As of December 31, 2004, there have been no other issuances of common and/or preferred stock.



Note 6  Prepaid compensation



In February 2003, the Company constituted an agreement with a consulting company to perform corporate consulting and advisory services for the Company in conjunction with the development of a securities package for the sale of the securities to the public. The Company agreed to provide 350,000 shares of common stock for its services upon completion. During the year ended December 31, 2004, a total of $7,000 was expensed.  The remaining balance of prepaid compensation was $0 as of December 31, 2004.



Note 7  Warrants and options



As of December 31, 2004 and 2003, there are no warrants or options outstanding to acquire any additional shares of common and/or preferred stock.



Note 8  Major customers



During the year ended December 31, 2004, two customers accounted for 100% of the Company's revenue.  During the year ended December 31, 2003, one customer accounted for 100% of the Company's revenue.

F-9

23





Premier Document Services, Inc.

Notes



Note 9  Contracts



On January 1, 2004, the Company entered into a purchase and service agreement with Reliable Marketing Solutions, LLC (RMS).  The Company transferred their independent contractors, who performed telemarketing services, to RMS and agreed to provide on-going training for a period of four months in exchange for $26,750.  RMS will in turn sell leads to the Company at a rate of $15 each.  The owner and officer of RMS is a former officer and director of the Company.  As of May 1, 2004 the company agreed to maintain its contract on a month-to month bases with the same terms as the original contract.



Note 10  Related party transactions



In January 2004, the Company executed a marketing agreement with Reliable Marketing solutions, LLC (RMS) to buy mortgage leads.  The President of RMS was a previous officer and director of Premier Document Services.



On July 7, 2004 the Company agreed to compensate its President with an annual salary of $6,000.  On December 3, 2004, the Company further agreed to pay its President a bonus at the end of each year to be decided by the Companys Board of Directors.  During the year ended December 31, 2004, the Company recognized executive compensation totaling $5,050 of which $3,000 was considered salary and $2,050 as her annual bonus.







F-10

24





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



We have had no disagreements with our independent accountants.



ITEM 8A. CONTROLS AND PROCEDURES



Quarterly evaluation of the Company's Disclosure Controls and Internal Controls.



Within the 90 days prior to the date of this Annual Report on Form 10-KSB, the Company evaluated the effectiveness of the design and operation of its "disclosure controls and procedures" (Disclosure Controls), and its "internal controls and procedures for financial reporting" (Internal Controls).  This evaluation (the Controls Evaluation) was done under the supervision and with the participation of management, including our Chief Executive Officer (CEO)/Chief Financial Officer (CFO).  Rules adopted by the SEC require that in this section of the Annual Report we present the conclusions of the CEO and the CFO about the effectiveness of our Disclosure Controls and Internal Controls based on and as of the date of the Controls Evaluation.



CEO and CFO Certifications.



Appearing immediately following the Signatures section of this Annual Report there is form of "Certification" of the CEO/CFO.  This Certification is required in accord with Section 302 of the Sarbanes-Oxley Act of 2002 (the Section 302 Certification).  This section of the Annual Report, which you are currently reading is the information concerning the Controls Evaluation referred to in the Section 302 Certifications and this information should be read in conjunction with the Section 302 Certifications for a more complete understanding of the topics presented (see Exhibit 31).



Disclosure Controls and Internal Controls.



Disclosure Controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934 (Exchange Act), such as this Annual Report, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's (SEC) rules and forms.  Disclosure Controls are also designed with the objective of ensuring that such information is accumulated and communicated to our management, including the CEO/CFO, as appropriate to allow timely decisions regarding required disclosure.



Internal Controls are procedures that are designed with the objective of providing reasonable assurance that (1) our transactions are properly authorized; (2) our assets are safeguarded against unauthorized or improper use; and (3) our transactions are properly recorded and reported, all to permit the preparation of our financial statements in conformity with generally accepted accounting principles.



Limitations on the Effectiveness of Controls.



The Company's management, including the CEO/CFO, does not expect that our Disclosure Controls or our Internal Controls will prevent all error and all fraud.  A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.  Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.  Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.  These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake.

25







Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control.  The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.  Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.



Scope of the Controls Evaluation.



The CEO/CFO evaluation of our Disclosure Controls and our Internal Controls included a review of the controls' objectives and design, the controls' implementation by the Company and the effect of the controls on the information generated for use in this Annual Report.  In the course of the Controls Evaluation, we sought to identify data errors, control problems or acts of fraud and to confirm that appropriate corrective action, including process improvements, were being undertaken.  This type of evaluation will be done on a quarterly basis so that the conclusions concerning controls effectiveness can be reported in our Quarterly Reports on Form 10-QSB and Annual Report on Form 10-KSB.



Our Internal Controls are also evaluated on an ongoing basis by other personnel in our organization and by our independent auditors in connection with their audit and review activities.  The overall goals of these various evaluation activities are to monitor our Disclosure Controls and our Internal Controls and to make modifications as necessary; our intent in this regard is that the Disclosure Controls and the Internal Controls will be maintained as dynamic systems that change (including with improvements and corrections) as conditions warrant.



Among other matters, we sought in our evaluation to determine whether there were any "significant deficiencies" or "material weaknesses" in the Company's Internal Controls, or whether the Company had identified any acts of fraud involving personnel who have a significant role in the Company's Internal Controls.



This information was important both for the Controls Evaluation generally and because items 5 and 6 in the Section 302 Certifications of the CEO and CFO require that our CEO/CFO disclose that information to our Board's Audit Committee (or persons performing the equivalent functions) and to our independent auditors and to report on related matters in this section of the Annual Report.  In the professional auditing literature, "significant deficiencies" are referred to as "reportable conditions"; these are control issues that could have a significant adverse effect on the ability to record, process, summarize and report financial data in the financial statements.



A "material weakness" is defined in the auditing literature as a particularly serious reportable condition where the internal control does not reduce to a relatively low level the risk that misstatements caused by error or fraud may occur in amounts that would be material in relation to the financial statements and not be detected within a timely period by employees in the normal course of performing their assigned functions.  We also sought to deal with other controls matters in the Controls Evaluation, and in each case if a problem was identified, we considered what revision, improvement and/or correction to make in accord with our on-going procedures.  In accord with SEC requirements, our CEO/CFO note that, since the date of the Controls Evaluation to the date of this Annual Report, there have been no significant changes in Internal Controls or in other factors that could significantly affect Internal Controls, including any corrective actions with regard to significant deficiencies and material weaknesses.

26







Conclusions.



Based upon the Controls Evaluation, our CEO/CFO has concluded that, subject to the limitations noted above, our Disclosure Controls are effective to ensure that material information relating to the Company is made known to management, including the CEO/CFO, particularly during the period when our periodic reports are being prepared, and that our Internal Controls are effective to provide reasonable assurance that our financial statements are fairly presented in conformity with generally accepted accounting principles.























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27





PART III





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



The following table sets forth certain information with respect to each of our executive officers or directors.





|Name            | Age | Position                                      | Term               
|--------------- | --- | --------------------------------------------- | -------------------
|Crystal Kim Han | 42  | President, Treasurer, Secretary, and Director | Since February 2002





Crystal Kim Han, Secretary and Director has over 12 years of experience in the Mortgage Industry, from loan origination to processing to closing.  Ms. Kim Han set up and implemented all aspects of a new mortgage brokerage in Hawaii and oversaw the day-to-day operations of the company.  She spent 9 years in the tax preparation industry with H&R Block.



As an office manager, tax preparer and customer service trainer for her last 3 years with the company, her accomplishments included having managed the overall operation of a branch office consisting of 30 full and part-time employees, having marketed and increased business consistently by over 10% per year, and having acquired working knowledge of all aspects of personal and business income tax preparation.  Also, Ms. Kim Han acted as the customer service trainer for the district, which made her responsible for training over 500 seasonal employees per year in all aspects of customer service.





|Employment Dates | Company                         | Title                               | Duties                                                                                       | Entity Activity                                                    
|---------------- | ------------------------------- | ----------------------------------- | -------------------------------------------------------------------------------------------- | -------------------------------------------------------------------
|01/02 - Present  | Premier Document Services, Inc. | President, Secretary, and Treasurer | Licensed Sales Agent, Oversee closings, outsources notary signors and signings.              | Legal Forms and Document Signings                                  
|08/01  Present  | Anchor Mortgage, Inc.           | Office Manager / Sr. Loan Processor | Oversee staff and day-to-day office operations/ Process Mortgage Loan applications to close. | Mortgage Broker of Real Estate Loans                               
|09/98  08/01    | Certified Services, Inc.        | Sr. Loan Processor                  | Process Mortgage Loan applications, oversaw signings & closings.                             | Signatory and Document Preparation Service, Contract Processing Co.



28







SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE



Section 16(a) of the Securities Exchange Act of 1934 requires the Companys directors and executive officers, and persons who own more than ten percent of a registered class of the Companys equity securities, to file with the SEC initial reports of ownership and reports of changes in ownership of Common Stock and other equity securities of the Company.  Officers, directors and greater than ten-percent stockholders are required by SEC regulations to furnish the Company with copies of all Section 16(a) forms they file.  To the Companys knowledge, based solely on review of the copies of such reports furnished to the Company and written representations that no other reports were required during the fiscal year ended December 31, 2004, its officers, directors and greater than ten percent beneficial owners complied with all Section 16(a) filing requirements.



ITEM 10.  EXECUTIVE COMPENSATION.



The following table discloses compensation paid during the fiscal years ended December 31, 2002, 2003, and 2004 to (i) the Companys Chief Executive Officer, and (ii) individual(s) who were the only executive officers, other than the Chief Executive Officer, serving as executive officers at the end of 2002, 2003 and 2004 whose total salary and bonus exceeded $100,000 (the Named Executive Officers).



SUMMARY COMPENSATION TABLE





|                   |      | ANNUAL       |          
|------------------ | ---- | ------------ | ---------
|                   |      | COMPENSATION | ALL OTHER
|NAME AND PRINCIPAL |      | SALARY       | BONUS    
|POSITION           | YEAR | ($)          | ($)      
|                   |      |              |          
|Crystal Kim Han    | 2004 | 3,000        | 2,050    
|President, CEO     | 2003 | 0            | 0        
|                   | 2002 | 0            | 0        



STOCK OPTIONS GRANTED IN LAST FISCAL YEAR



During the fiscal years ended December 31, 2004, 2003 and 2002, we did not grant any options to our Chief Executive Officer.  During fiscal 2004, 2003 and 2002, our Chief Executive Officer did not exercise any options.



EMPLOYMENT AGREEMENTS



No such agreement(s) exists between any executive and the Company.



COMPENSATION OF DIRECTORS



Our only director is the current executive officer of our Company.  She is reimbursed for reasonable expenses incurred in connection with attendance at meetings of the Board and of Committees of the Board; however, she does not receive any additional compensation for her services as director.  Accordingly, it may be necessary for us to compensate newly appointed directors in order to attract a quality governance team.  At this time the Company has not identified any specific individuals or candidates nor has it entered into any negotiations or activities in this regard.



29





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



The following table sets forth certain information as of December 31, 2004 with respect to the beneficial ownership of the Companys Common Stock by: (i) all persons known by the Company to be beneficial owners of more than 5% of the Companys Common Stock, (ii) each director and Named Executive Officer, and (iii) by all executive officers and directors as a group.  Based on 7,942,750 shares outstanding as of March 25, 2005, 5% of the Companys Common Stock is 397,137 shares.



COMMON STOCK



|Name and Address                                                  | Shares Beneficially Owned | Percentage of Shares Outstanding
|----------------------------------------------------------------- | ------------------------- | --------------------------------
|Crystal Kim Han
4001 S. Decatur, Suite 37-218
Las Vegas, NV 89103 | 7,000,000                 | 88.13%                          
|Total ownership by our officers and directors (one individual)    | 7,000,000                 | 88.13%                          



ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.



Our promoter was our founder, Crystal Kim Han, President, Treasurer and Secretary of Premier.  To date, Crystal Kim Han has received remuneration of $5,050 in the form of cash and no remuneration in the form of stock, options, contracts or property, either directly or indirectly, from Premier.  Further, there will be no stock options, contracts or property, either directly or indirectly, received by Ms. Kim Han from Premier in the foreseeable future.



During February 2002, Crystal Kim Han, Secretary of Premier Document Services, donated cash in the amount of $3,000 and fixed assets in the amount of $60,600.  The fixed assets included computer equipment, furniture and other office supplies.  Our independent auditors, Beckstead and Watts, LLP, arrived at these valuations using generally accepted accounting principals (GAAP).  The promoter in question did not acquire these assets within two years prior to their transfer to the issuer.  Crystal Kim Han also donated cash in the amount of $22,230 in March 2002.



We issued 350,000 shares representing payment in lieu of services rendered in the amount of $70,000 to Michael Zuliani, a consultant, for providing advisory services relating to the Companys overall business operations from January 20, 2003 to June 30, 2003.  Mr. Zuliani is the president of Anchor Mortgage Corporation whose company has provided 100% of our revenue since inception.



In January 2004, the Company executed a marketing agreement with Reliable Marketing solutions, LLC (RMS) to buy mortgage leads.  The President of RMS was a previous officer and director of Premier Document Services.



On July 7, 2004 the Company agreed to compensate our President with an annual salary of $6,000.  On December 3, 2004, the Company further agreed to pay our President a bonus at the end of each year to be decided by the Companys Board of Directors.  During the year ended December 31, 2004, the Company recognized executive compensation totaling $5,050 of which $3,000 was considered salary and $2,050 as her annual bonus.



There were no other actual or proposed transactions that occurred over the past two years, to which any person related to the issuer had or is to have a direct or indirect material interest as set forth in Item 404 of Regulation S-B of the Securities and Exchange Act of 1933.

30







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



(a)   Exhibits:



A list of exhibits required to be filed as part of this Annual Report is set forth in the Index to Exhibits, which immediately precedes such exhibits and is incorporated herein by reference.



(b)   Reports on Form 8-K



The Company has not filed any reports on Form 8-K during the last quarter of the period covered by this Report.





ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.





AUDIT FEES



The aggregate fees billed by the Company's auditors for professional services rendered in connection with the audit of the Company's annual financial statements for fiscal 2004, 2003 and 2002 and reviews of the financial statements included in the Company's Forms 10-KSB for fiscal 2004, 2003 and 2002 were approximately $7,000, $5,500 and $2,000, respectively.



AUDIT-RELATED FEES



The Company's auditors did not bill any additional fees for assurance and related services that are reasonably related to the performance of the audit or review of the Company's financial statements and are not reported under "Audit Fees" above.



TAX FEES



The aggregate fees billed by the Company's auditors for professional services for tax compliance, tax advice, and tax planning were $0, $0 and $0 for fiscal 2004, 2003 and 2002, respectively.



ALL OTHER FEES



The aggregate fees billed by the Company's auditors for all other non-audit services rendered to the Company, such as attending meetings and other miscellaneous financial consulting, in fiscal 2004, 2003 and 2002 were $0, $0 and $0, respectively.

















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SIGNATURES





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





PREMIER DOCUMENT SERVICES, INC.





Date: March 25, 2005







By: /s/ Crystal Kim Han

Crystal Kim Han,

President/CEO and Treasurer/CFO











In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.







Date: March 25, 2005







By: /s/ Crystal Kim Han

Crystal Kim Han,

President/CEO and Treasurer/CFO

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INDEX TO EXHIBITS



|Exhibit Number | Name and/or Identification of Exhibit                                                                                                                                                                                                                  
|-------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |                                                                                                                                                                                                                                                        
|3.1            | Articles of Incorporation of the Company filed January 28, 2002.  Incorporated by reference to the exhibits to the Companys General Form For Registration Of Securities Of Small Business Issuers on Form 10-SB, previously filed with the Commission.
|3.2            | By-Laws of the Company adopted February 5, 2002.  Incorporated by reference to the exhibits to the Companys General Form For Registration Of Securities Of Small Business Issuers on Form 10SB, previously filed with the Commission.                
|31             | Rule 13a-14(a)/15d-14(a) Certification                                                                                                                                                                                                                 
|32             | Certification under Section 906 of the Sarbanes-Oxley Act (SECTION 1350)                                                                                                                                                                               



33