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 YEAR ENDED DECEMBER 31, 2002
        Commission File Number 0-49763

                  eXmailit.com
  ---------------------------------------------
(Exact name of registrant as specified in its charter)

        Nevada                        88-0469593
 (State or other jurisdiction of    (I.R.S. Employer
 incorporation or organization)   Identification No.)

  530-999 West Hastings Street
   Vancouver, B.C., Canada                    V6C 2W2
 (Address of principal executive offices)    (Zip Code)

Registrant's telephone number, including area code:(604) 688-4060

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

Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $.001 per share

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,
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-K 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-K or any
amendment to this Form 10-K. [X]

The number of shares outstanding of Registrant's common stock as
of December 31, 2002 was 4,000,000. Registrant had no revenues
for the year ended December 31, 2002.

Registrant's common stock is listed on the OTCBB under the symbol
EXMA; however, as of the date of the filing of this Annual
Report, only minimal trading has commenced.

Registrant's Form 10SB and all exhibits thereto, and Form 10QSB
for the quarters ended March 30, 2002, June 30, 2002 and September
30, 2002, copies of which can be obtained on the SEC website at
www.sec.gov under SEC File No. 0-49763, are incorporated herein
by reference.
                               1
<PAGE>
               Forward-Looking Statements
               --------------------------
In addition to historical information, this Annual Report contains
forward-looking statements. These forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those reflected in these forward-
looking statements. Factors that might cause such a difference
include, but are not limited to, those discussed in the section
entitled Management's Discussion and Analysis of Financial
Position and Results of Operations. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
reflect management's opinions only as of the date hereof. Registrant
undertakes no obligation to revise or publicly release the results
of any revision to these forward-looking statements. Readers should
carefully review the risk factors described in other documents the
Registrant files from time to time with the Securities and Exchange
Commission, which can be found at www.sec.gov, under SEC File No.
0-49763.

                        PART I
                        ======

ITEM 1.  DESCRIPTION OF BUSINESS
General
--------
eXmailit.com was incorporated in the State of Nevada on April 6,
2000 to engage in the business of providing Internet-based email-
to-mail printing and delivery services. We are currently in the
development stage and have not yet fully commenced our business
and, as a result, have not yet generated any revenues.

We have established the eXmailit.com website, which
will provide an Internet-based email-to-mail service. The
network consists of a consumer-based, software product and
will have a number of strategically located international
distribution centers, which will enable users to send
email as standard mail.  We intend to offer an email-to-mail
service to the general public and business clients
worldwide. The service will be available to any client
anywhere in the world for any destination. The clients
will deposit funds into an account, which will allow them to
send traditional mail via securely encrypted email to any
point on the globe using regional domestic rates and postal
services. The clients will also be able to include
photographs or other color documents.  Our objective is to
establish the eXmailit.com network and brand name as a
trusted and comprehensive email-to-mail service on the
Internet.

                          2
<PAGE>








Available Information
----------------------
We are subject to the information reporting requirements of the
Securities Exchange Act of 1934, as amended (the Exchange Act), and,
accordingly, file periodic reports, including quarterly and annual
reports and other information with the Securities and Exchange
Commission(the Commission). Such reports and other information may
be inspected and copied at the public reference facilities maintained
by the Commission at 450 Fifth Street, N.W., Room 1024, Washington,
D.C. 20549. In addition, the Commission maintains a website that
contains reports, proxy and information statements and other
information regarding registrants that file electronically with
the Commission. The address of the Commission's website is
http://www.sec.gov.

Products and Services
---------------------
We are still developing our proprietary software and  estimate
that we have invested approximately 75% of the total time required
to complete all work to bring the software to beta test release.
The timetable and benchmarks disclosed in our Plan of Operation on
page 9 calculate the steps required to complete the remaining 40%
of development for beta test release.

The basic components of the eXmail software are: a full
text editor (word processor), a SMTP (Simple Mail Transfer
Protocol) engine, a POP mail manager, a CGI/PERL database
interface and a routing engine.  To date, we have completed
the text editor, SMTP and POP elements, consisting of
approximately 1100 pages of programming code.  We calculate
the work to date to be about 60% of the total work required
to complete the basic components of the software.  We are
currently writing the database interface and routing engine.
When we are finished, we will issue 100 copies of the software
to prospective clients who have signed up for our beta test
program.  Based upon the bug reports, we will write the fixes
and redistribute the beta program for a second beta test.
This process will continue until the program appears stable
to the testers, at which time it will be offered to the
general public.

The principal product for our proposed global Internet email
network is eXmail, a stand-alone application developed
specifically for multi-platform compatibility. A stand-
along application is one that does not require any other
application or software to run; it is complete by itself.
We are developing this application so it will run under
Windows, Macintosh and Linux operating systems, making it
multi-platform compatible.  Our email-to-mail software
will function in essentially the same manner as the more
popular existing email programs, such as Outlook Express,
Netscape Navigator, AOL, MSN and Eudora: the user composes,
sends and retrieves email through the software program.


                           3
<PAGE>



The eXmail software will offer those same functions, plus
the ability to send email as regular mail. The eXmail
software serves as a separate email web service, which is
able to accept email from other email web services; however,
only the eXmail software can compose an email to be sent as
regular mail. Therefore, the eXmail software must be downloaded
and a postage account established prior to a consumer being able
to send an email as regular mail. We intend to offer the
software as freeware, which means it will be provided free
to clients upon request and will not require password
protection. We are also developing the software so it will
support multiple languages, including, English, French,
German, Spanish, Mandarin, Korean, Italian, Swedish,
Norwegian, Japanese, Chinese, Portuguese and Danish.

eXmailit.com's cross platform, stand-alone software is being
designed to allow the simplicity and ease of use most end
users have become accustomed to with their existing email
programs.  It will not require users to log onto the Internet
to compose their letters via a website, but rather, will
utilize the same functions as existing email programs.  The
only substantial difference will be the recipient's physical
address will need to be entered in place of the email address
and the user will be required to have established a postage
account with us. Our initial service will be limited to
black and white, high-quality 1200dpi output on standard A5
size paper in North America; however, we intend to adopt and
print on the standard envelope and paper sizes of each
country where we will be printing mail. eXmail features are
being designed to allow consumers to send personalized form
letters, memos, resumes, certificates, invitations, photos and
other personal documents. The eXmail application is also being
developed for direct marketing, mass mailing and the secure
transfer of legal and financial documents, including invoices,
confirmations, statements, money orders and checks.

All users will be required to establish a postage account and
purchase a minimum $10.00 in postage. Clients will be
required to use a credit card to purchase their postage.
There is no expiration on funds deposited and, upon written
request, funds will be returned and credited to the client's
credit card. There will be no limit on the dollar amount of
credit a client may accumulate in their account and we do
not intend to extend any credit. Purchases will be immediately
posted and cleared through the credit card company. The
account will be linked via a software key to the user's
hardware. The eXmail software program will reveal to the
user, in local currency, the cost and savings per piece
and postage remaining after each email is sent. When the user's
account reaches zero or is insufficient for the postage
requested, they will be prompted to purchase additional postage.

                       4
<PAGE>




We are in preliminary verbal negotiations with several large
corporations, including International Mail Consultants, Inc.,
Bell and Howell and Pitney Bowes, about the possible
incorporation of their state-of-the-art, integrated mailing
systems into our eXmail software. These fully automated digital
systems would print, fold, stuff, seal and address outgoing
envelopes, providing optimum accuracy, security and privacy
for our customers. In addition, to further protect the
privacy of our clients' email-to-mail documents, we are
developing an encryption system that will prevent Internet
eavesdroppers from decoding any intercepted email.

The eXmail service would virtually eliminate the primary
collection and distribution cycle of the local post
office, thereby reducing the time it takes for mail to reach
its final destination. For example, the client will no
longer deposit a letter in a mailbox for U.S. Postal Service
pickup and distribution; they would compose their letter and
send it through the Internet using the eXmail software program.
The email would then be routed to the nearest eXmailit printing
and distribution center, where it would be printed, put into
an envelope, sealed, posted and routed to the nearest local
postal facility on a daily basis via ground transport for
delivery.  This would save the client the handling, distribution
and transportation time from the point of origin, which, in
some locations can amount to several days or weeks.

Since there is no net dollar savings to domestic users, we intend
to focus our marketing to non-US locations. The savings
will be realized by the differential in international postage
rates versus domestic postage rates, e.g., from Argentina to
the United States, a first-class letter costs $1.25 US to
mail; however, if eXmailit is used, the cost is the domestic
rate of $.37 US, plus our $.10 US flat rate.  The net savings
to the client would be $.78 US.

We will attempt to lease small office or warehouse space in
Nassau, the Bahamas, Singapore and Amsterdam to set up our
initial distribution centers. These locations were chosen
because of the low cost of postage and easy access via air
transport to neighboring countries/continents. We will attempt
to locate our distribution centers near airports and their
respective post offices. We expect our initial distribution
centers to forward the email-to-mail documents to most of the
countries in the world; however, we will post an online table,
which will be periodically updated as centers and countries
are added, delineating the countries that will and will not
be available for service once we complete out beta tasting
phase and begin distribution of our software.

We estimate that each distribution center will initially
be manned by 2 employees, working the required number of
hours to handle the incoming and outgoing mail. We intend
to ensure that one of our employees in each location speaks

                        5
<PAGE>


the local language and English to overcome any language
barriers. Employees will then be added on an as-needed basis,
as business operations grow and locations are added.

Our revenue model is based on sales of our service, which
will charge a flat fee of $.10 US per letter. In addition,
local postage costs for delivery of the mail to the local
destination will be passed directly to the client. All costs
will be charged directly to the clients' account. Another
possible source of revenue will be banner advertising on our
website.  In addition, we may realize additional revenues by
allowing our software to be bundled with other larger software
offerings, which could result in increased exposure and, thus,
an increased number of registered users. For example, as freeware,
our software would be available as a plug-in or add-on with
other programs, such Outlook Express, Netscape Navigator, Eudora
or any other number of software programs. Any software distributor
would have the option to include or bundle our software with their
offerings, in a manner like Apple QuickTime, Macromedia Flash
or Adobe Acrobat Reader are bundled with Netscape Navigator or
Internet Explorer as a free download at the option of the
registered user. These plug-in programs, as will our eXmail
program, only require that our distribution license agreement
be included with the free download offered by the distributor.
A distributor's choice to bundle any type of freeware available
does not require any other written permission for distribution.

To date, we have not entered into any written agreements or
contracts with any foreign post offices, foreign governments,
potential banner-advertising customers or other third parties,
or established any distribution centers. We are still in the
development stage and are approximately six to nine months away
from implementation of our website and delivery of our proprietary
eXmail software.

Minimal consulting and assistance was obtained from former
colleagues of Mr. Ryan's and at no time were these consultations
paid for nor is any money owed for them. We estimate the
$10,000 we intend to spend during the next twelve months will
bring the software application  to release status after several
months of beta testing and upgrading, where necessary.

Marketing
---------
Media purchasing will be the most significant component
to our brand awareness and customer acquisition strategy. We
believe that for the first several years, traditional
advertising, in conjunction with Internet banner and button
advertising, plus the free distribution of the eXmail software,
will be of primary importance in the acquisition of new customers.
We intend to promote eXmailit.com to the mass Internet audience
through television, radio, magazine, newspaper, billboard and
Internet banner advertising in order to attract first time users.

                             6
<PAGE>



To date, we have not entered into any written or verbal
agreements or contracts with any of the media sources; however,
we have received advertising rates from Yahoo and NBC television
and radio.

Competition
-----------
We compete directly for users and advertisers with numerous
Internet and non-internet businesses, including: netgram.com,
sendsnailmail.com; on-line and Internet portal companies that
provide email services to their users, such as America Online,
Inc.; Microsoft Network; Yahoo!, Inc.; Excite, Inc., and Lycos
Corporation; traditional postal services, such as the United
States Postal Service, Federal Express and other courier
companies.

We believe that competition in the on-line mail industry
is based primarily on:

  - speed, ease of use, convenience and savings;
  - brand recognition; and
  - the quality and market acceptance of new enhancements
    to current features and tools.

Since we are still in the development stage and have not yet
commenced business operations, it is not yet possible to determine
what our ranking within the industry will be; however, we feel that
our ability to offer international services at the local domestic
prices, which vary from country to country, will make us a
favorable choice in countries where the mail service is very
slow or unreliable. Initially, however, our rates will be
based upon the rates to and from our three proposed initial
distribution centers in the Bahamas, Singapore and The Netherlands.
Postage will be purchased in those countries until we add other
distribution centers in other locations as demand grows.
To be competitive, we must be prepared to respond promptly
and effectively to the challenges of technological change, evolving
standards and our competitors' innovative technologies by continuing
to enhance our products and services, as well as our sales and
marketing channels. Competition is likely to increase significantly
as new companies enter the market and current competitors expand
their services. Any significant increases in competition will make
it more difficult for us to gain market share or may force us to
charge lower prices, either of which could adversely affect our
business operations.

Government Regulation
---------------------
We are currently subject to the laws governing intellectual
property ownership and infringement, privacy, libel, copyright,
trademark, trade secrets, obscenity, personal privacy, taxation,
regulation of professional services, and the regulation of the sale
of other specified goods and services applicable to the Internet and
Internet businesses.

                                7
<PAGE>

Data Privacy Concerns - The Federal Trade Commission and several
other U.S. and non-US regulatory agencies have adopted new data
privacy laws, rules and regulations regarding the collection and
use of personal identifying information obtained from individuals
when accessing websites, with particular emphasis on access by
minors.  Such regulations may include requirements that companies
establish certain procedures to, among other things:

(a) give adequate notice to consumers regarding information
collection and disclosure practices;

(b) provide consumers with the ability to have personal
identifying information deleted from a company's database;

(c)  provide consumers with access to their personal information
and with the ability to rectify inaccurate information;

(d)  clearly identify affiliations or a lack thereof with third
parties that may collect information or sponsor activities on a
company's website; and

 (e) obtain express parental consent prior to collecting and
using personal identifying information obtained from children
under 13 years of age.

Legislative proposals have been made by the federal government
that would afford broader protection to owners of databases of
information, such as stock quotes and sports scores.  Such
protection already exists in the EU.  If enacted, this legislation
could result in an increase in the price of services that provide
data to websites.  In addition, such legislation could create
potential liability for unauthorized use of such data.

Employees
---------
At the present time, we have no employees, other than our
officers and directors, who devote their time as needed
to our business. Mr. Ryan has been devoting approximately
30-40 hours per week on the research and development of our
software and will continue to work whatever hours per week are
required to implement our business plans. Mr.Gardner spends
approximately 2-5 hours per week researching our legal issues
and will continue to do so until his services are no longer
needed on a weekly basis. During the next six months, we
intend to contract two computer programmers to assist in
the development of the eXmail software and eXmailit.com
website.

ITEM 2.  DESCRIPTION OF PROPERTY

We do not own any property.  We are currently using the business
offices of one of our Directors, Robert Gardner, at 999
West Hastings Street, Suite 530, Vancouver, BC, Canada, on a rent-

                           8
<PAGE>



free basis.  There is no written lease agreement or other
material terms or arrangements relating to our agreement with
Mr. Gardner to use his office space.  The premises consist
of approximately 1000 square feet, including office space,
reception area and meeting facilities. At such time as these
premises are no longer sufficient for our business operations,
we will lease larger office space in downtown Vancouver at
competitive market rates.

ITEM 3.  LEGAL PROCEEDINGS

We are not a party to any legal proceedings and are unaware
of any pending or threatened legal proceedings.


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

There were no matters submitted to a vote of security holders
during the fourth quarter of the fiscal year ended December 31,
2002.

                             PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Our Common Stock was listed on the OTCBB under the symbol EMXA
however, trading has not yet commenced.

At December 31, 2002 and as of the date of the filing of this annual
report, there are approximately 31 equity security holders. This
number does not include shareholders whose stock is h-eld through
securities position listings.

We paid no dividends for the years ended December 31, 2002 or 2001.
Payment of dividends is within the discretion of our Board of
Directors and there are no material restrictions that limit our
ability to pay dividends on the Common Stock; however, we have
adopted the policy to reinvest earnings to fund future growth.
Accordingly, we have not paid dividends and do not anticipate
declaring dividends on our Common Stock in the foreseeable future.


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

Results of Operations
---------------------
We have not yet fully commenced business operations and, as a
result, we have not yet realized any revenues. We are still in
the research and development stage.

                             9
<PAGE>






We had a net loss of $30,178 at December 31, 2002, resulting in a
negligible net loss per share, as compared to a net loss of $46,274
at December 31, 2001.

General and administrative expenses at December 31, 2002 were
$30,178, most of which constituted legal and professional fees and
expenses incurred in connection with the preparation and filing
of our Form 10-SB registration statement with the U.S.Securities
and Exchange Commission.

Liquidity and Capital Resources
-------------------------------
At December 31, 2002, our primary sources of liquidity was cash
in the amount of $19,295, which was the balance of proceeds
raised in our initial public offering under Rule 504 of Regulation
D in the State of Nevada.

We believe that our existing cash balance and future operating cash
flows will be sufficient for near term operating needs. The extent
to which such sources will be sufficient to meet our anticipated
cash requirements is subject to a number of uncertainties, the most
important of which will be our ability to generate sufficient cash
flow to support our business operations.

Plan of Operation
-----------------
We are currently completing development of our software for beta
testing and continuing to perform research on, among other things,
the regulatory requirements of implementing its business operations.


ITEM 7.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Our financial statements for the year ended December 31, 2002,
audited by Parker & Co., independent Chartered Accountants, is
included herein.


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

There were no changes in and/or disagreements with accountants
on accounting and financial disclosures during the period covered
by this report.
                           PART III

ITEM 9.  DIRECTORS AND EXECUTIVE OFFICERS.

Each of our directors is elected by the stockholders to a term
of one year and serves until his or her successor is elected and
qualified. Each of the officers is elected by the Board of Directors
to a term of one year and serves until his or her successor is duly
elected and qualified, or until he or she is removed from office.
The Board of Directors has no nominating, auditing or compensation
committees.
                             10
<PAGE>


The names, addresses, ages and positions of the current officers
and directors is set forth below:

<TABLE><CAPTION>
<S>                          <C>      <C>
Name and Address             Age      Position(s)
----------------            ----      -------------
M. Kevin Ryan                44       President, CEO, Secretary and
4338 Bergamo Drive                    Director
Encino, CA 91436

Robert Gardner               61      Treasurer, CFO and Director
530-999 W. Hastings Street
Vancouver, BC V6C 2W2
</TABLE>

Background of Officers and Directors
------------------------------------
M. Kevin Ryan has been President, CEO, Secretary and a Director of
our Company since inception. From 1994 to the present, Mr. Ryan
has also been the Co-Founder, President and Chief Operations Officer
of Shavick Studios in Vancouver, BC., a privately-held company
which produces motion pictures for theaters and television and
operates full production facilities and sound stages for rent.
From 1985 to 1994, Mr. Ryan was involved in myriad aspects of
independent motion picture production and television commercials
in Hollywood, CA. From 1977 to 1985, Mr. Ryan was an independent
computer system and program analyst in Menlo Park, CA. He attended
the University of San Francisco, with a split major in physics and
accounting.  Mr. Ryan currently devotes approximately 30-40
hours per week to our business.

Robert Gardner has been Treasurer, CFO and a Director of our Company
since the last Annual Meetings held on October 1, 2001.  From 1966
to the present, Mr. Gardner has also been a practicing attorney in
Vancouver, British Columbia, Canada and, since 1986, has also been
a Queen's council. Mr. Gardner is currently also a director of
Global Light Telecommunications, Inc., a publicly traded company
on the American Stock Exchange and National Gold Corporation, a
publicly traded company on the Canadian Venture Exchange.  Mr.
Gardner graduated from the University of Cambridge, England in
1965 with a Master of Arts degree and a Master of Laws degree.
He was admitted to the Bar of England and Wales in 1964 and
admitted to the Bar in British Columbia, Canada in 1966.
Mr. Gardner currently devotes approximately 5 hours of his
time as required to our business.

ITEM 10. EXECUTIVE COMPENSATION

As of the date of the filing of this Annual Report, none of
Registrant's officers or directors have been compensated for their
services, either in cash or stock, and there are no plans to
compensate them in the near future, unless and until Registrant
begins to realize revenues and becomes profitable in its business
operations. As a result, no summary compensation tables have been
included herein.
                                11
<PAGE>


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

The following table sets forth the total number of shares owned
beneficially by each of our directors, officers and key employees,
individually and as a group, and the present owners of 5% or more
of total outstanding shares. The stockholders listed below have
direct ownership of their shares and possess sole voting and
dispositive power with respect to the shares.

<TABLE><CAPTION>
-------------------------------------------------------------------
<S>                 <C>                        <C>           <C>
Title of Class  Name and Address           Amount and
                of Beneficial              Nature of      Percent
                    Owner                  Beneficial     of Class
                                           Ownership
-------------------------------------------------------------------
Common Stock    M. Kevin Ryan              1,500,000      37.5%
                4338 Bergamo Drive
                Encino, CA 91436

Common Stock    Robert Gardner             1,510,000      37.75%
                530-999 W. Hastings St
                Vancouver, BC V6C 2W2
-------------------------------------------------------------------
All Executive Officers and
Directors as a group (2 persons)           3,010,000      75.25%
-------------------------------------------------------------------
</TABLE>

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

There have been no actual or proposed transactions to which
we were or are to be a party to in which any Director, Executive
Officer, nominee for election as Director, security holder, or any
member of the immediate family of any of the aforementioned had or
is to have a direct or indirect material
interest.

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

(a)     Financial statement for the years ended December 31, 2002
        and 2001 is included herein.

(b)     Registrant filed no reports on Form 8-K during the
        fourth quarter ended December 31, 2002

(c)     The following exhibits are included herein, except for the
exhibits marked with an asterisk, which are incorporated herein
by reference and can be found in Registrant's original Form 10-SB
Registration Statement, filed on April 29, 2002, under SEC File
Number 0-49763 and/or CIK Number 0001132810 at the U.S. Securities
and Exchange Commission's website (www.sec.gov).


                             12
<PAGE>


<TABLE><CAPTION>
<S>                     <C>
Exhibit Number     Description
--------------     -----------
    3(i) *         Articles of Incorporation
    3(ii)*         Bylaws
   23              Consent of Accountant
   99.1	           Certification of Chief Executive Officer
   99.2		   Certification of Chief Financial Officer

</TABLE>








































                                 13
<PAGE>





eXmailit.com
A DEVELOPMENT STAGE COMPANY
F I N A N C I A L   S T A T E M E N T S
FOR THE YEARS ENDED 31 DECEMBER 2002 AND 2001
Audited - See Independent Auditor's  Report
----------------------------------------------








































                                     14

<PAGE>








P A R K E R  &  C O.
CHARTERED ACCOUNTANTS
Page 1 of 7
200 - 2560 Simpson Road, Richmond BC  V6X 2P9
Tel:  (604)  276-9920     Fax:  (604)  276-4577
-------------------------------------------------------------


I N D E P E N D E N T  A U D I T O R ' S  R E P O R T

We have audited the statement of financial position of eXmailit.com
a development stage company, as at 31 December 2002 and 2001
and the statements of results of operations and cash flow for the
years ended 31 December 2002 and 2001 and the statement of changes
in shareholders' equity from inception, 6 April 2000, to 31 December
2002. 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 generally accepted
auditing standards in the United States of America. Those
standards require that we plan and perform an audit to obtain
reasonable assurances whether the financial statements are free of
material misstatements. 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 presentation. We believe
that our audit provides a reasonable basis for our opinion.

In our opinion, these financial statements present fairly, in all
material respects, the financial position of the company as at 31
December 2002 and 2001; the result of its operations and cash flow
for the years ended 31 December 2002 and 2001; and changes in
stockholder's equity from inception, 6 April 2000, to 31 December
2002 in accordance with generally accepted accounting principles
in the United States.

These financial statements have been prepared assuming the company
will continue as a going concern. As stated in Note 2 to the
financial statements, the company will require an infusion of
capital to sustain itself. This requirement for additional capital
raises substantial doubt about the company's ability to continue
as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

Richmond, British Columbia, Canada
21 March 2003

/s/ PARKER & CO.
CHARTERED ACCOUNTANTS


                                  15

<PAGE>

<TABLE><CAPTION>

 eXmailit.com
A DEVELOPMENT STAGE COMPANY
S T A T E M E N T O F F I N A N C I A L P O S I T I O N
Unaudited - See Independent Auditor's Report
--------------------------------------------------------------------
<S>                                                 <C>       <C>
AS AT 31 DECEMBER                                  2002       20001
                                                 --------- ---------
CURRENT ASSETS
Cash                                             $  19,295  $ 46,613
                                                 --------- ---------
Total current assets                                19,295    46,613
                                                 --------- ---------
EQUIPMENT AND SOFTWARE, NOTE 33
Office and computer equipment and software,
at cost                                             14,560    11,732
Accumulated amortization                             6,557     3,772
                                                 --------- ---------
Unamortized cost                                     8,003     7,960
                                                 --------- ---------
TOTAL ASSETS                                     $  27,298   $54,573
                                                 ========= =========
CURRENT LIABILITIES
Accounts payable                                 $   2,250   $ 1,038
Loans payable, Note 4                               75,000    75,000
                                                 --------- ---------
Total current liabilities                           77,250    76,038
                                                 --------- ---------
DEFICENCY IN ASSETS
Share capital, Note 5                                4,000     4,000
Additional paid in capital                          49,000    49,000
Currency Translation Adjustment                      1,691         -
Deficit accumulated during the development stage  (104,643)  (74,465)
                                                 --------- ---------
Total stockholders' equity (deficiency in assets)  (49,952)  (21,465)
                                                 --------- ---------
TOTAL LIABILITIES AND DEFICIENCY IN ASSETS        $ 27,298   $54,573
                                                  ========= ========
</TABLE>

                               16



<PAGE>












<TABLE><CAPTION>

 eXmailit.com
A DEVELOPMENT STAGE COMPANY
S T A T E M E N T  O F  R E S U L T S  OF  O P E R A T I O N S
Audited - See Independent Auditor's Report
----------------------------------------------------------------------------
<S>                                       <C>       <C>          <C>
                                    FOR THE      FOR THE      FROM INCEPTION
                                    YEAR ENDED   YEAR ENDED   6 APRIL 2000
                                    31 DECEMBER  31 DECEMBER  TO 31 DECEMBER
                                       2002         2001          2001
                                   -----------   -----------  --------------
EXPENSES
Accounting                          $    3,500   $     409    $   4,581
Advertising                                  -           -          647
Amortization                             2,785       4,983       11,269
Bank charges                               166         356          804
Dues, subscriptions and fees               378       1,317        1,816
Legal and professional fees             20,564      27,807       39,761
Office supplies                            423       1,347        3,397
Postage and courier                         49         187          458
Rent                                         -         355       14,890
Telephone                                1,639       1,405        4,410
Travel                                       -       5,109        7,622
Utilities                                    -           -          153
Exchange losses                            674       2,999        4,335
                                   -----------  ----------   ----------
Total expenses                          30,178      46,274       94,143
                                   -----------  ----------   ----------
OTHER INCOME
Interest earned                    $         -   $      33   $      554
                                  ------------  ----------   ----------
LOSS BEFORE INCOME TAXES               (30,178)    (46,241)    (104,643)
INCOME TAXES, NOTE 7                         -           -            -
                                  ------------   ---------   ----------
LOSS                                   (30,178)    (46,241)    (104,643)
                                  ============   =========   ==========
LOSS PER SHARE, NOTE 8                  ($0.01)     ($0.01)      ($0.03)
                                  ============   =========   ==========
WEIGHTED AVERAGE NUMBER OF SHARES    4,000,000   3,276,712    3,478,931
                                  ============   =========   ==========
</TABLE>


                                  17

<PAGE>









<TABLE><CAPTION>
 eXmailit.com
A DEVELOPMENT STAGE COMPANY
S T A T E M E N T  O F  C A S H F  L O W S
Audited - See Independent Auditor's Report
--------------------------------------------------------------------------
<S>                                    <C>          <C>            <C>
                                    FOR THE      FOR THE      FROM INCEPTION
                                    YEAR ENDED   YEAR ENDED   6 APRIL 2000
                                    31 DECEMBER  31 DECEMBER  TO 31 DECEMBER
                                       2002         2001          2001
                                   -----------   -----------  --------------
CASH PROVIDED (USED) FROM
OPERATIONS
Net loss                           $  (30,178)  $ ($46,241)   $ (104,643)
  Items not involving cash
   Amortization of equipment
   and software cost                    2,785        4,983        11,269
   Office equipment exchanged
   for consulting services                  -       15,354        15,354
                                   ----------  -----------   -----------
Total cash used for the loss          (27,393)     (25,904)      (78,020)
                                   ----------  -----------   -----------
Changes in working capital
other than cash:
  Due from a shareholder                    -        3,632             -
  Deposit                                   -          131             -
  Accounts payable                      1,212          380         2,250
  Loan payable                              -            -        75,000
                                   ----------  -----------   -----------
Total changes in working capital        1,212        4,143        77,250
                                   ----------  -----------   -----------
Total cash used in operations         (26,181)     (21,761)         (770)
                                   ----------  -----------   -----------
CASH PROVIDED (USED) BY
INVESTMENT ACTIVITY
Acquisition of equipment and
software                               (2,828)      (5,059)      (34,626)
                                   ----------  -----------   -----------
CASH PROVIDED (USED) BY FINANCING
ACTIVITY
Issue of common stock                       -       50,000        53,000
Currency translation adjustment         1,691            -         1,691
                                   ----------  -----------   -----------
Total cash provided by financing        1,691       50,000        54,691
                                   ----------  -----------   -----------
CASH CHANGE                           (27,318)      23,180        19,295
CASH BEGINNING                         46,613       23,433             -
                                   ----------  -----------   -----------
CASH ENDING                        $   19,295  $    46,613   $    19,295
                                   ==========  ===========   ===========
COMPRISED OF:
  Cash                             $   19,295  $    46,613   $    19,295
                                   ==========  ===========   ===========

</TABLE>
                                    18
<PAGE>

<TABLE><CAPTION>

 eXmailit.com
A DEVELOPMENT STAGE COMPANY
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FOR THE YEARS ENDED 31 DECEMBER 2002 AND 2001
Audited - See Independent Auditor's Report
--------------------------------------------------------------------------------
                       COMMON   COMMON ADDITIONAL   CURRENCY     DEFICIT
                        STOCK    STOCK   PAID IN TRANSLATION ACCUMULATED
                       ISSUED   AMOUNT   CAPITAL  ADJUSTMENT  DURING THE
                                                             DEVELOPMENT
CONSIDERATION                                                      STAGE  TOTAL
<S>                      <C>     <C>       <C>      <C>          <C>       <C>
Private placement for
cash on 10 April 2000  3,000,000 $3,000  $   0     $   0                $ 3,000

Net loss from inception,
6 April 2000, to
31 December 2000                                              ($28,224) (28,224)
                        --------------------------------------------------------
Balance as at
31 December 2000       3,000,000  3,000      -         -       (28,224) (25,224)

Private placement
for cash on
20 September 2001      1,000,000  1,000  49,000        -                 50,000

Net loss for the year
ended 31 December 2001                                         (46,241) (46,241)
                        --------------------------------------------------------
Balance as at
31 December 2001       4,000,000 4,000   49,000                (74,465) (21,465)

Net loss for the year
ended 31 December 2002                                         (30,178) (30,178)

Currency Translation
Adjustment As at
31 December 2002                                       1,691              1,691
                        --------------------------------------------------------
Balance as at
31 December 2002       4,000,000 $4,000  $49,000      $1,691 $(104,643)$(49,952)
                       ========================================================
</TABLE>


                                      19
<PAGE>









eXmailit.com
A DEVELOPMENT STAGE COMPANY
N O T E S  T O  T H E  F I N A N C I A L  S T A T E M E N T S
FOR THE YEARS ENDED 31 DECEMBER 2002 AND 2001
Audited - See Independent Auditor's  Report
------------------------------------------------------------------------------
Note 1   THE CORPORATION AND ITS BUSINESS

eXmailit.com was incorporated in the State of Nevada, United States
on 6 April 2000. The company has a total of 100,000,000 authorized
shares with a par value of $0.001 per share with 4,000,000 shares
issued and outstanding as at 31 December 2002.

The company has offices in Vancouver, British Columbia, Canada. The
company has been organized to operate an online email to mail service
network on the internet. The company is a development stage company
which has not derived any revenue from its operations. The fiscal
year end of the Company is 31 December.

Note 2   SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

These financial statements have been prepared using United States
Generally Accepted Accounting Principles as established by the
American Institute of Certified Public Accountants and have been
stated in United States dollars rounded to the nearest whole dollar
except for the loss per share which has been rounded to the nearest
cent. These accounting principles are applicable to a going concern,
which contemplates the realization and liquidation of liabilities in
the normal course of business. Current business activities have just
begun and insufficient revenue has been generated to sustain the
company as a going concern without the infusion of additional capital.

Assets and liabilities of operations on foreign countries are
translated into U.S. dollars using the exchange rate at the statement
of financial position date for monetary assets and liabilities or the
historical rates for the non-monetary assets.  Accordingly, the company's
primary functional currency is the Canadian dollar and as a result,
the company operates a Canadian dollar bank account which was
translated into United States of America dollars at the exchange rate
at the statement of financial position date. Transactions made in
Canadian dollars or other foreign currencies were translated at the
average exchange rates prevailing throughout the year. The effect of
exchange rate fluctuations on translating foreign currency assets and
liabilities into U.S. dollars are included in stockholders' equity,
while gains and losses resulting from foreign currency transactions
are included in operations.

Revenue is recorded as a sale at the time the services contracted
for have been completed. Costs are recorded at the time an obligation
to pay occurs and are expensed at the time the benefit to the company
is matched to revenue or, if there is no matching revenue, to the
period in which the benefit is realized.

                               20

<PAGE>



Equipment and software are all amortized at 20% on the declining
balance.

Note 3    EQUIPMENT AND COMPUTER SOFTWARE

<TABLE><CAPTION>
                                  ACCUMULATED UNAMORTIZED UNAMORTIZED
                         AT COST AMORTIZATION        COST        COST
                     31 DECEMBER  31 DECEMBER 31 DECEMBER 31 DECEMBER
                            2002         2002       2002         2001
                     ----------- ------------ ----------- -----------
<S>                       <C>         <C>          <C>          <C>
Office furniture     $     1,982 $        808 $    1,174 $     1,309
Computer equipment         2,828        2,045        783           -
Computer software          5,616        2,088      3,528       3,865
Leasehold improvements     4,134        1,616      2,518       2,786
                     ----------- ------------ ---------- ------------
                     $    14,560 $      6,557 $    8,003 $     7,960
                     =========== ============ ========== ============
</TABLE>

Note 4  LOANS PAYABLE

The loans payable were repayable on August 12, 2001. Interest at the
rate of 15% per annum may be charged after the loans maturity at the
option of the holder. If payment is not paid within 30 days of the
due date, then liquidation damages equal to 5% of the overdue amount
will be added to the balance owing. The interest for 2002 and the
liquidation damages have been waived and the loan repayment terms
have been extended indefinitely, with a provision that the notes
cannot be demanded.

NOTE 5   SHARE CAPITAL

The authorized share capital is 100,000,000 shares with a par value
of $0.001. 4,000,000 common share have been issued as follows:

<TABLE><CAPTION>
                                                     ADDITIONAL
                                              SHARE     PAID IN
CONSIDERATION              DATE     ISSUED  CAPITAL     CAPITAL    TOTAL
-------------------------------------------------------------------------
<S>                        <C>       <C>      <C>        <C>       <C>
Private placement
for cash                 4-10-00  3,000,000 $3,000     $ 0        $3,000

Private placement
for cash                 9-20-01  1,000,000  1,000      49,000    50,000
                                  ---------------------------------------
Balance as at 12-31-02            4,000,000 $4,000     $49,000   $53,000
                                  =======================================
</TABLE>


                                21
<PAGE>


Note 6 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

On August 12, 2000, Robert Gardner, an officer and director, loaned
the company $75,000, repayable on 12 August 2001 at an interest
rate of 15% per annum, at the option of the holder.  The terms of
the loans payable provide that if payment is not made within 30
days of the due date, then liquidation damages equal to 5% of the
overdue amount will be added to the balance owing.  The interest
to and including 21 December 2002 and the liquidation damages have been
waived by Mr. Gardner and the loan repayment has been extended
indefinitely, with a provision that the note cannot be demanded.

The company is currently using the business offices of Robert
Gardner, an officer and director, at 999 West Hastings Street,
Suite 530, Vancouver, B.C., Canada, on a rent-free basis.  There
is no written lease agreement or other material terms or arrangements
relating to the company's agreement with Mr. Gardner to use his
office space.  The premises consist of approximately 1000 square
feet, including office space, reception area and meeting facilities.

The officers and directors of the company are involved in other
business activities, and may, in the future become active in
additional other business activities. If a specific business
opportunity becomes available, such persons may face a conflict
in selecting between the company and their own business interests.
The company has not formulated a policy for the resolution of such
a conflict.

Note 7   INCOME TAXES

Income taxes on the loss has not been reflected in these financial
statements as it is not virtually certain that this loss will be
recovered before the expiry period of the loss carry forwards.

Note 8   LOSS PER SHARE

Basic loss per share is computed by dividing losses available to
common stockholders by the weighted average number of common shares
during the period. Diluted loss per share is calculated on the
weighted average number of common shares that would have resulted
if dilutive common stock equivalents had been converted to common
stock. No stock options or similar rights were available or granted
during the period presented. Accordingly, basic and diluted loss per
share are the same.

                              22

<PAGE>









                           SIGNATURES
                           ----------
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
                             eXmailit.com, Registrant
                             ------------------------
Dated: March 27, 2003        By:/s/ M. Kevin Ryan,
                             President,CEO, Secretary and
                             Chairman of the Board of Directors


Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons
on behalf of Registrant and in the capacities and on the dates
indicated:

Dated: March 27, 2003        By:/s/ M. Kevin Ryan,
                             President,CEO, Secretary and Director

Dated: March 27, 2003        By:/s/ Robert Gardner, Treasurer, CFO
                             and Director


    CERTIFICATION PURSUANT TO SECTION 302 OF THE ACT
    ------------------------------------------------

I, M. Kevin Ryan, certify that:

1. I have reviewed this annual report on Form 10-KSB of eXmailit.
com.

2. Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect
to the period covered by this quarterly report.

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all
material respects the financial condition, results of operations and
cash flows of eXmailit.com as of, and for, the periods
presented in this annual report.

4.  eXmailit.com's other certifying officers and I are responsible
for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-14 and 15d-14) for eXmailit.com
and have:

     (a) designed such disclosure controls and procedures to
     ensure that material information relating to eXmailit.com,
     including its consolidated subsidiaries, is made known to
     us by others within those entities, particularly during
     the period in which this annual report is being prepared;

                                 23
<PAGE>

     (b) evaluated the effectiveness of eXmailit.com's
     disclosure controls and procedures as of a date within
     90 days prior to the filing date of this annual report
     (the "Evaluation Date"); and

     (c) presented in this annual report our conclusions
     about the effectiveness of the disclosure controls and
     procedures based on our evaluation as of the Evaluation Date;

5.  The other certifying officers and I have disclosed, based on our
most recent evaluation, to our auditors and the audit committee of our
Board of Directors (or persons performing the equivalent functions):

   (a)	all significant deficiencies in the design or operation of
   internal controls which could adversely affect our ability to
   record, process, summarize and report financial data and have
   identified for our auditors any material weaknesses in internal
   controls; and

   (b)	any fraud, whether or not material, that involves management
   or other employees who have a significant role in our internal
   controls.

6. The other certifying officers and I have indicated in this annual
report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant deficiencies
and material weaknesses.

	March 27, 2003        /s/ M. Kevin Ryan
                              ------------------------------------------
  		                 By: M. Kevin Ryan, Chief Executive Officer
			           and Chairman of the Board of Directors


      CERTIFICATION PURSUANT TO SECTION 302 OF THE ACT
      ------------------------------------------------

I, Robert Gardner, certify that:

1. I have reviewed this annual report on Form 10-KSB of eXmailit.
com.

2. Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect
to the period covered by this quarterly report.

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all
material respects the financial condition, results of operations and
cash flows of eXmailit.com as of, and for, the periods
presented in this annual report.
                                    24
<PAGE>

4.  eXmailit.com's other certifying officers and I are responsible
for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-14 and 15d-14) for eXmailit.com
and have:

     (a) designed such disclosure controls and procedures to
     ensure that material information relating to eXmailit.com,
     including its consolidated subsidiaries, is made known to
     us by others within those entities, particularly during
     the period in which this annual report is being prepared;

     (b) evaluated the effectiveness of eXmailit.com's
     disclosure controls and procedures as of a date within
     90 days prior to the filing date of this annual report
     (the "Evaluation Date"); and

     (c) presented in this annual report our conclusions
     about the effectiveness of the disclosure controls and
     procedures based on our evaluation as of the Evaluation Date;

5.  The other certifying officers and I have disclosed, based on our
most recent evaluation, to our auditors and the audit committee of our
Board of Directors (or persons performing the equivalent functions):

   (a)	all significant deficiencies in the design or operation of
   internal controls which could adversely affect our ability to
   record, process, summarize and report financial data and have
   identified for our auditors any material weaknesses in internal
   controls; and

   (b)	any fraud, whether or not material, that involves management
   or other employees who have a significant role in our internal
   controls.

6. The other certifying officers and I have indicated in this annual
report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation,
including any corrective actions with regard to significant deficiencies
and material weaknesses.

	March 27, 2003        /s/ Robert Gardner
                              --------------------------------------------
  		                  By: Robert Gardner, Chief Financial Officer,
 			          Treasurer and Director




                                   25
<PAGE>