<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-KSB

     [X] ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934.

                    For the fiscal year ended April 30, 2004
                                              --------------

     [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934.

         For the transition period from                to
                                        --------------    --------------

                     Commission File Number
                                            --------------

                            PREVENTION INSURANCE.COM
                     -------------------------------------
                 (NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)

              NEVADA                                    88-0126444
  --------------------------------          ------------------------------------
  (STATE OR OTHER JURISDICTION OF           (I.R.S. EMPLOYER IDENTIFICATION NO.)
   INCORPORATION OR ORGANIZATION)


2770 SOUTH MARYLAND PARKWAY  SUITE 416
          LAS VEGAS, NEVADA                                89109
---------------------------------------         ----------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                 (ZIP CODE)


ISSUER'S TELEPHONE NUMBER (702) 732-2758)
                          -----------------------------------------------

SECURITIES REGISTERED UNDER SECTION 12(b) OF THE EXCHANGE ACT:

      TITLE OF EACH CLASS           NAME OF EACH EXCHANGE ON WHICH REGISTERED

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

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

         SECURITIES REGISTERED UNDER SECTION 12 (g) OF THE EXCHANGE ACT;

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
-------------------------------------------------------------------------
                                (TITLE OF CLASS)

<PAGE>


PART I

Item 1.  Description of Business

Prevention Insurance.com was incorporated in Nevada in 1975 under the name Vita
Plus, Inc. Later we changed our name to Vita Plus Industries Inc. and in 1999
again changed it to Prevention Insurance.com.

         Historical Operations. In 1983 we made a public offering of 700,000
shares of our common stock for our own account. We registered the stock under
the Securities Act of 1933. Upon completion of that offering, we registered the
stock under Section 12 (g) the National Association of Securities Dealers
Automated Quotation System ("NASDAQ"). However, in 1989 we terminated the
registration of our stock under Section 12(g) of the Act because our total
assets had decreased to less than $3,000,000 and we were no longer required to
file reports with the Securities and Exchange Commission. Our stock was then no
longer quoted on NASDAQ.

         From inception until early 1999, our principle business engagement had
been the sale and distribution of its own formulations of specific vitamins and
nutritional supplements, and of various other health and personal care products.
We sold our products through traditional methods: we employed a force of
salespersons at our headquarters in Las Vegas, Nevada and compensated them on a
commission basis: we also sold through a network of independent brokers. Our
sales were made primarily to drug stores and other large retailers. Beginning in
1983, we also manufactured some of our products. However, after a period of
approximately eight years, we stopped the manufacturing activity because it did
not prove to be profitable. In 1981 we were licensed in Nevada as an agent for
health and life insurance. Historically since 1991 we have not derived any
significant income from sales of insurance policies.

         During the mid 1990s we developed the concept of reducing insurance
costs for both health and life insurance through prevention measures, that is by
emphasizing the maintenance of good health by members of the insured population.
Subsequently, we began the development of hybrid insurance products
incorporating preventive features with traditional health and life insurance
products. Specifically, we developed two specially formulated preparations of
vitamins and nutritional supplements: Nutra-Prevention Formula and
Nutra-Protection. Those are formulations that emphasize health maintenance by
providing multiple vitamins and a wide range of additional nutritional
supplements for daily consumption, and which we believe provide optimal
nutrition necessary for good health. We had planned to commence negotiations for
joint venture arrangements with insurance companies using those two formulations
to offer low-cost, preventive nutritional products combined with reduced premium
rates for specialty insurance policies, but to date we have not entered into any
such joint ventures.

         Effective March 15, 1999, we sold for cash substantially all of our
assets associated with the traditional distribution of vitamin and dietary
supplement formulations, including all inventory of vitamins and nutritional
supplements and substantially all of our furniture and fixtures, and terminated
all business activities associated with the distribution of individual vitamins
and dietary supplements. However, we

<PAGE>

did retain our accounts receivable, our insurance agency license, our newly
developed Prevention Insurance website and the ownership rights in the
trademarks for Nutra-Prevention and Nutra-Protection formulas.

         Except for the collection of accounts receivable for sales made before
March 15, 1999, we have had no business activities until this fiscal year,
primarily due to ATM sales. Our activities have mainly been devoted to the
planning and development of new insurance business. Presently our only employees
are the President, who is a full-time employee, and the Secretary-Treasurer and
one additional employee, both of whom serve part-time. We now lease office
facilities, approximately 1500 square feet, at 2770 S. Maryland Parkway, Suite
416, Las Vegas, NV 89109.

Our telephone number is (702) 732-2758.

         New Business. We have become aware that in many instances individual
agents, or sometimes entire agencies, desire to sell their existing books of
business. These desires may arise because an agent wishes to diversify his
assets to increase his return on equity, or wishes to retire or enter some other
business, or no longer wishes to be required to devote time to administrative
duties, or the insurance company for which the agent sells (perhaps as a captive
agent) changes the arrangements under which the agents operate, or for other
reasons. In any of these events, it is often possible for a third person to
purchase the agent's book of business, provided that the purchase can provide a
satisfactory arrangement for the continuing administration of the book.

         The acquisition and administration of books of existing business from
insurance agents would provide us with a source of revenues that would be
reasonably predictable (based on such factors as the kinds of policies, the
length of time they have been in effect, the persistency of the business and the
collection experience), if we would make arrangements for effective continuing
administration. We think this could be done at reasonable cost, either by making
arrangements for the administration with another existing agency that is
administering similar business, or directly by employing personnel already
experienced in those administrative activities. If we were to engage directly in
these activities, we could be required to obtain licenses in states other than
Nevada and hire employees who are licensed in Nevada and other states.

         We are acquiring agencies by using our stock as the main currency to
affect a purchase. At the present time we do not have adequate resources to
purchase for cash any books of insurance business that might be available. We
intend to use exemptions from the registration provisions of the Securities Act
of 1933, as amended, including those provided in Regulation D adopted there
under, to raise cash to be used in such acquisitions and to offer shares of our
common stock, or other securities, in exchange for such books of business. In
this connection, we expect that in the case of any acquisitions of existing
books, the purchase price, either in cash, securities or a combination thereof,
will be negotiated based upon the mix of policies constituting the books and the
history of their administration, among other things.

         If we are successful in purchasing agencies and their books, in some
instances we may be able to make arrangements with another existing agency to
administer one or more books for a percentage of the renewal

<PAGE>

commissions earned in respect of the policies constituting the books. In any
such event, we would have obtained an income source without the need to incur
corresponding operational costs or overhead expenses.

         If we are successful in acquiring a sufficient number of agencies and
their books of business, we could be in a position to negotiate with the
insurance companies that are the issuers of the policies to increase the amounts
of renewal commissions on the policies. The success of any such negotiations
will depend in part upon the identity of the insurance company that is the
policy issuer, the kinds of policies and the amount of business in the books.

         We also intend to offer additional insurance products to the owners of
policies constituting the books that are acquired and to prospective new
clients. We would offer those products by traditional means directly as agent,
or through agencies administering books for us, and also by telephone using an
800 number, and through an Internet web page that we intend to establish.
Finally, we expert that through the acquisition of books of existing business we
will be able to make contacts with potential purchasers of specialty insurance
products that we could market in combination with our nutritional products,
Nutra Prevention and Nutra-Protection.

Item 2. Description of Property.

At the present time we do not own any real property and have only an
insignificant amount of furniture and equipment. We lease our office space,
which we consider to be adequate for our present needs.

Item 3.  Legal Proceedings/

There are no pending legal proceedings to which are a party.

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

None.

PART II

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

         (a) Market Information. During the past year, we have been trading on
the NASDAQ BB. Any trading has been sporadic and there has been no meaningful
trading volume.

          There are no outstanding warrants or options to purchase our common
stock or any security convertible into shares of the class.

         (b) Holders of the Company's Securities. April 30, 2003, there were 455
holders of record of shares of the common stock. (c) Dividends. We have never
paid any cash dividends on common stock and do not contemplate the payment of
cash dividends in the foreseeable future.

Item 6.  Management's Discussion and Analysis of Operations.

                             MANAGEMENT DISCUSSIONS
                       PERIOD MAY 1, 2003 - APRIL 30, 2004

We have made good progress in completing our marketing plan. We will utilize
this plan to acquiring insurance wholesalers in the senior market. We plan to
finalize our first acquisitions in the coming year. We are going to capitalize
the Prevention Insurance division through a mezzanine round of financing the
exact amount is not determined at this time. We currently are trading on the
NASDAQ Bulletin Board. Our symbol is PVNC.

MANAGEMENT DISCUSSION OF PREVENTION INSURANCE OPERATIONS:

Prevention Insurance's primary focus will be to merge or acquire private
insurance wholesalers that market senior products either regionally or
nationally. Their products are targeted to baby boomers age 50 and over. Their
primary products are annuities, fixed and variable as well as a wide selection
of life insurance products and long term care insurance. Our goal is to acquire
2-4 profitable companies by the end of our fiscal year which is April 30, 2005.

Prevention's Insurance's cash needs will be covered by periodic investments and
our ATM sales division; however, we still intend to raise additional working
capital to cover any expansion plans. Our plan is to have one year's total
operating expenses on hand and for any acquisitions that may require cash as
well as stock.


<PAGE>

DISCUSSION OF FINANCIAL CONDITION & RESULTS OF OPERATIONS:

Our condition is at present under-capitalized. We have basically been able to
pay off all of our payables as agreed. Revenue to date has been provided by our
ATM equipment sales division, Quick Pay that is selling ATM machines to retail
outlets around the U. S. We have also received a small amount of capital from
existing shareholders through periodic stock sales. We will also be seeking out
private equity capital or a strategic partner as possible sources of financing.

QUICK PAY ATM DIVISION

Our ATM division is growing. Our average number of ATM placement has increased
from 2 - 3 per month to 6-10 per month. Revenue is projected next year at
$300.000 or more in sales. We anticipate opening an additional sales office to
boost sales further.

We have recently started marketing a new ATM insurance policy that insures the
machine as well as the cash inside for a nominal premium. With hundreds of
thousands of ATM machines out in the market this should prove to be a lucrative
and profitable niche for us. We have sold our first policies and intend to
expend the effort this year.

Item 7.  Financial Statements.
         See attached.

Item 8.  Changes in and disagreements With Accounts and Financial Disclosure.

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 concerning our
officers and directors.

         Name                      Age               Position
Scott C. Goldsmith                  54               President/CEO
Richard W. Peterson                 68               Director
George T. Nasser                    58               Director
Aleene Goldsmith                    78               Secretary/Director

Scott C. Goldsmith founded the company in 1975 and has been the President and
Chairman of the Board since that time. In 1986 he completed a three-year course
in Harvard University's OPM (Owner, President, Manager) Program. Mr. Goldsmith's
business experience has been entirely in sales and administration for over
twenty-five years. He has been a licensed insurance agent in Nevada since 1994.
Following our sale of assets

<PAGE>

associated with our former business, Mr. Goldsmith was employed by the purchaser
to operate the business conducted with those assets and was able to devote only
part of his time to developing new business operations. He continued in that
capacity until Sept. 18, 2000 when he began to devote full time to our new
business operations. Richard W. Peterson is engaged in the private practice of
counseling psychology with professionals and executives and consulting with law
firms on banking matters and small businesses on management and marketing
matters. He is also a faculty member at the University of Phoenix at its San
Diego, California, campus and its Online Campus in San Francisco, California.
Mr. Peterson was the Chief Executive Officer and Vice Chairman of the Board of
Directors of the Continental Bank, Las Vegas, Nevada, from 1982 until 1987, when
he retired to pursue his doctoral studies. He has served on ad hoc business
development committees for the governors of Arizona and Nevada, and has written
a book and several articles on the psychological effect of combat on soldiers
and prisoners of war.

George T. Nasser is acting as a health insurance consultant to various companies
in the insurance industry. For a number of years he served as Vice President of
Marketing for Standard Life of Indiana in charge of Sales and Product
Development and as Vice President for Golden Rule Insurance for fifteen years.
In those capacities, his responsibilities included developing health insurance
products and directing national sales forces.

Aleene Goldsmith has been our Secretary since 1991 and has served as a Director
since that time. Ms. Goldsmith is the stepmother of Scott Goldsmith.

         The members of the Audit Committee of the Board of Directors are
Goldsmith, Peterson and Nasser. The members of the Nominating Committee are Mr.
Goldsmith, Ms. Goldsmith and Mr. Nasser.

Item 10.  Executive Compensation.

         The following table sets forth certain information concerning the
annual compensation paid to our executive officers during our last three fiscal
years. We have not paid or awarded any long-term compensation to any person
during the past three years, and we have no long-term incentive plans.

Name & Principal                                     Other Annual
Position                   Year     Salary       Bonus     Compensation

Scott C. Goldsmith         2003     $68,305
President/CEO              2002     $61,382
                           2001     $ 6,340

Aleene Goldsmith           2003           0
Secretary/Director         2002           0
                           2001           0

         We have formulated no plans as to the amounts of future cash
compensation. We intend to use the services of agents whose books of business
are acquired. Any additional personnel required would have salaries negotiated.

<PAGE>

Item 11.  Security Ownership of Certain Beneficial Owners and Management

         The following table sets forth certain information as of April 30,
2003, concerning the beneficial ownership of our common stock by each of our
executive officers and directors, all directors and officers as a group, and
each person who owns 5% or more of our outstanding common stock. Unless
otherwise indicated, each person names has sole voting and investment power over
the shares indicated.

Name                Shares Beneficially     % Outstanding
                          Owned
Scott C. Goldsmith     2,117,940                23.17%

Aleene Goldsmith         100,054                 1.09%

Richard Peterson          57,000                 0.01%

George Nasser             45,000                 0.01%

Item 12.  Certain Relationships and Related Transactions.

         On August 30, 1999 we issued to Mr. Goldsmith 250,000 shares of
Restricted Common stock as part of his compensation for the year. During the
past two fiscal years, no other of our officers or directors or beneficial owner
of 5% or more of our common stock, or any member of their immediate families,
has had any transaction with us where the amount involved was $60,000 or more.

         By virtue of his ownership of 23.17 of our outstanding common stock,
Scott C. Goldsmith may be deemed to be a parent.

Item 13. Exhibits and Reports on Form 8-K
   Included with this report.

Signatures

         In accordance with Section 12 of the Securities Exchange Act of 1934,
the registrant caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized.

Date: July 29, 2004        Prevention Insurance.com



                                    By: /s/ Scott Goldsmith
                                       ---------------------
                                       Scott Goldsmith, President



<PAGE>
                            PREVENTION INSURANCE.COM


                              FINANCIAL STATEMENTS
                                 APRIL 30, 2004

<PAGE>


                                TABLE OF CONTENTS

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

              INDEPENDENT AUDITOR'S REPORT                                  F-1

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

              FINANCIAL STATEMENTS
                BALANCE SHEET                                               F-2
                STATEMENTS OF OPERATIONS                                    F-3
                STATEMENTS OF CHANGES  IN STOCKHOLDERS' (DEFICIT)           F-4
                STATEMENTS OF CASH FLOWS                                    F-5
                NOTES TO THE FINANCIAL STATEMENTS                         F-6-7

<PAGE>

                          INDEPENDENT AUDITOR'S REPORT
--------------------------------------------------------------------------------




The Board of Directors
Prevention Insurance.Com
Las Vegas, Nevada

We have audited the accompanying balance sheet of Prevention Insurance.Com as of
April 30, 2004 and the related statements of operations, changes in
stockholders' (deficit) and cash flows for each of the two years in the period
ended April 30, 2004. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with the standards of the 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 audits provide 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 Prevention Insurance.Com as of
April 30, 2004 and the results of its operations and its cash flows for the
years then ended in conformity with accounting principles generally accepted in
the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note1 to the financial
statements, the Company currently does not have any continuing sources of
revenue. These conditions raise substantial doubt about its ability to remain as
a going concern. Management's plan regarding those matters are also described in
Note 1. The financial statements do not include any adjustments that might
result from this uncertainty.


/S/Beadle, McBride, Evans & Reeves, LLP

Las Vegas, Nevada
July 28, 2004

                                      F-1
<PAGE>

PREVENTION INSURANCE.COM
BALANCE SHEET

APRIL 30, 2004

<TABLE>
<CAPTION>

ASSETS                                                                                                   2004
--------------------------------------------------------------------------------------------------------------------
<S>                                                                                                      <C>

Current assets:
  Cash                                                                                                      $      -
                                                                                                    ----------------
              TOTAL CURRENT ASSETS                                                                                -

                                                                                                    ----------------
                                                                                                            $      -
                                                                                                    ================



LIABILITIES AND STOCKHOLDERS' (DEFICIT)
--------------------------------------------------------------------------------------------------------------------

Current liabilities:
  Accounts payable                                                                                          $ 5,175
  Advance from officer/shareholder                                                                           21,372
                                                                                                    ----------------
              TOTAL CURRENT LIABILITIES                                                                      26,547

Commitments                                                                                                       -

Stockholders' (deficit):
  Preferred stock, par value $ .01, 2,000,000 shares authorized,
     no shares issued or outstanding                                                                              -
  Common stock,  $ .01 par value, 100,000,000 shares authorized,
     12,048,317 shares issued and outstanding                                                               120,498
  Additional paid in capital                                                                              3,466,529
  Accumulated (deficit)                                                                                  (3,560,620)
                                                                                                    ----------------
                                                                                                             26,407
  Less: Treasury stock, at cost                                                                             (52,954)
                                                                                                    ----------------
                                                                                                            (26,547)
                                                                                                    ----------------
                                                                                                            $      -
                                                                                                    ================
</TABLE>




SEE NOTES TO FINANCIAL STATEMENTS

                                      F-2
<PAGE>

PREVENTION INSURANCE.COM
STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED APRIL 30,

<TABLE>
<CAPTION>

                                                                                               2004        2003
-----------------------------------------------------------------------------------------------------------------
<S>                                                                                        <C>         <C>


Commission income                                                                          $ 123,800   $  70,608



General and administrative                                                                   161,251     149,221
                                                                                        -------------------------


              (Loss) from operations                                                         (37,451)    (78,613)

               Interest expense                                                                    -      (1,948)
                                                                                        -------------------------

              (Loss) before income taxes                                                     (37,451)    (80,561)

               Income taxes                                                                        -           -
                                                                                        -------------------------

                          Net (loss)                                                       $ (37,451)  $ (80,561)
                                                                                        =========================


(Loss) per share                                                                           $   (0.01)  $   (0.01)
                                                                                        =========================
</TABLE>



SEE NOTES TO FINANCIAL STATEMENTS

                                      F-3
<PAGE>

PREVENTION INSURANCE.COM
STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIT)
FOR THE YEARS ENDED APRIL 30,
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                      Preferred Stock        Common Stock          Additional
                                    -------------------------------------------      paid in     Accumulated    Treasury
                                    Number   Par value    Number      Par value      capital       deficit       stock       Total
                                    -----------------------------------------------------------------------------------------------
<S>                                    <C>      <C>      <C>         <C>          <C>          <C>            <C>         <C>
Balance May 1, 2002                    -        $ -      6,407,901   $ 64,079     $ 3,417,448  $ (3,442,608)  $ (52,954)  $ (14,035)

Shares issued for cash                 -          -      2,527,916     25,279          32,521             -           -      57,800

Shares issued for services             -          -        305,000      3,050           3,050                                 6,100
Net (loss) for the year                                          -          -               -       (80,561)          -     (80,561)
                                    -----------------------------------------------------------------------------------------------

      Balance April 30, 2003           -          -      9,240,817     92,408       3,453,019    (3,523,169)    (52,954)    (30,696)
Shares issued for cash                 -          -      2,142,500     21,425          10,200             -           -      31,625
Shares issued for services             -          -        665,000      6,665           3,310             -           -       9,975
Net (loss) for the year                -          -              -                                  (37,451)                (37,451)
                                    -----------------------------------------------------------------------------------------------
      Balance April 30, 2004           -        $ -     12,048,317  $ 120,498     $ 3,466,529  $ (3,560,620)  $ (52,954)  $ (26,547)
                                    ===============================================================================================

</TABLE>


SEE NOTES TO FINANCIAL STATEMENTS


                                      F-4
<PAGE>

PREVENTION INSURANCE.COM
STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED APRIL 30,

<TABLE>
<CAPTION>
                                                                                            2004        2003
-----------------------------------------------------------------------------------------------------------------
<S>                                                                                        <C>          <C>

Cash flows from operating activities:
  Cash received from customers                                                             $ 123,800    $ 70,608
  Cash paid to employees and vendors                                                        (155,425)   (127,004)
  Interest paid                                                                                    -      (1,948)
                                                                                        -------------------------
              NET CASH (USED BY) OPERATING ACTIVITIES                                        (31,625)    (58,344)

Cash flows from investing activities:
                                                                                                   -           -
                                                                                        -------------------------

Cash flows from financing activities:
  Stock issued for cash                                                                       31,625      57,800
                                                                                        -------------------------
              NET CASH PROVIDED BY FINANCING ACTIVITIES                                       31,625      57,800


Increase (decrease) in cash                                                                        -        (544)

              Cash at beginning of year                                                            -         544
                                                                                        -------------------------

              Cash at end of year                                                                  -    $      -
                                                                                        =========================
</TABLE>


The following is a reconciliation of net (loss) to net cash (used by) operating
activities

<TABLE>
<CAPTION>
<S>                                                                                         <C>        <C>
Net (loss)                                                                                  $(37,451)  $ (80,561)
Items affecting cash flows:
  Issuance of common stock for costs and expenses                                              9,975       6,100
  (Decrease) in accounts payable                                                              (2,012)     (7,392)
  (Decrease) in advances from officer/sharholder                                              (2,137)     23,509
                                                                                        -------------------------
              Net cash (used by) operating activities                                       $(31,625)  $ (58,344)
                                                                                        =========================
</TABLE>


SEE NOTES TO FINANCIAL STATEMENTS

                                      F-5
<PAGE>

PREVENTION INSURANCE.COM

NOTES TO FINANCIAL STATEMENTS

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

NOTE 1. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

The summary of significant accounting policies is presented to assist in the
understanding of the financial statements. The financial statements and notes
are the representation of management. These policies conform to accounting
principles generally accepted in the United States of America and have been
consistently applied.

NATURE OF BUSINESS
Prevention Insurance.Com (the Company) was incorporated under the laws of the
State of Nevada in 1975 as Vita Plus Industries, Inc. In March 1999, the Company
sold its remaining inventory and changed its name to Prevention Insurance.Com.
The Company is attempting to organize select independent insurance agencies to
create a nationwide cooperative group of health, life and casualty insurance
companies with the ability to negotiate fees with national insurance companies.
Additionally, the co-op would benefit from national negotiations of advertising
and product development. The Company would receive fees from this group of
agencies for its coordination of activities. To date, the Company has not been
successful in its efforts. To defray expenses during the years ended April 30,
2004 and 2003, the Company received commissions as a dealer representative for
the sale of ATM machines.

GOING CONCERN ISSUES
As discussed above, the Company's financial statements are prepared using
accounting principles generally accepted in the United States of America
applicable to a "going concern", which contemplates the realization of assets
and the liquidation of liabilities in the normal course of business. Currently,
the Company has no continuing source of revenues and its ability to remain a
going concern is subject to its ability to raise capital either from equity or
debt and/or its successful development of its planned primary business activity.
Management is seeking a merger partner with successful operations as a long term
solution to its lack of resources. To date, management has demonstrated the
ability to raise sufficient capital to continue its limited operations.

ESTIMATES
The preparation of financial statements in accordance with accounting principles
generally accepted in the United States of America requires management to make
estimates that affect the reported amounts of assets and liabilities and the
disclosure of contingent liabilities at the date of the financial statements and
the reported revenues and expenses during the reporting periods. Actual results
could differ from those estimates.

SIGNIFICANT ACCOUNTING POLICIES

Revenues
Commissions from the sale of ATM machines are reported at the time the sales are
completed.

Fair value of financial instruments
The carrying amounts of financial instruments including accounts payable and
advance from officer/shareholder approximate their fair value due to their short
maturity.

Comprehensive (loss)
There is no difference between comprehensive (loss) and net (loss) for the years
ended April 30, 2004 and 2003.

                                      F-6
<PAGE>

PREVENTION INSURANCE.COM

NOTES TO FINANCIAL STATEMENTS

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

NOTE 2. STOCK ISSUANCES

During the year ended April 30, 2004, the Company issued 2,142,500 shares of
stock for cash of $31,625 (an average of approximately $0.015 per share).
Additionally, during the year ended April 30, 2004, the Company issued 665,000
shares of stock for services. The cash price per share was used to value the
services at $9,975.

During the year ended April 30, 2003, the Company issued 2,527,916 shares of
stock for cash of $57,800 (an average of approximately $0.023 per share).
Additionally, during the year ended April 30, 2003, the Company issued 305,000
shares of services. The cash price per share was used to value the services at
$6,100.

NOTE 3. RELATED PARTY TRANSACTIONS

The Company's president and shareholder has advanced monies to the Company. The
total advances at April 30, 2004 are $21,372. During the year ended April 30,
2004, the advances were reduced by $2,137.

NOTE 4.  INCOME TAXES

The Company has a net operating loss carryover of approximately $3,500,000
available to offset future taxable income, if any. The loss carryover expires
through 2022.

NOTE 5.  COMMITMENTS

The Company leases office space under a non-cancelable operating lease. The
lease requires minimum monthly payments of approximately $500 per month. The
following schedule reflects the minimum rent for the next two years.

                   Year ending April 30,   2005          $ 6,000
                                           2006            4,500
                                                    -------------
                                                        $ 10,500
                                                    =============
NOTE 6.  LOSS PER SHARE

Loss per share is calculated based on the weighted average number of shares
outstanding during the year. (10,624,567 shares for the year ended April 30,
2004 and 7,824,359 shares for the year ended April 30, 2003)

                                      F-7