<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, 2005
                                              --------------

     [ ] 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 employee
is the President, who is a full-time employee, and the Secretary-Treasurer, two
additional independent sales personnel, 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, 2005, there were 476
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, 2004 - APRIL 30, 2005

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, 2006.

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
$200,000 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                  56               President/CEO
George T. Nasser                    59               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.

         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         2004    $111,845
President/CEO              2003    $ 68,305
                           2002    $ 61,382
                           2001    $  6,340

         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     2,482,500                13.815

Aleene Goldsmith         100,054                 155.7

George Nasser             95,000                 .528%

Item 12. 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 27, 2005        Prevention Insurance.com



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



<PAGE>
                            PREVENTION INSURANCE.COM


                              FINANCIAL STATEMENTS
                                 APRIL 30, 2005

<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>

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
--------------------------------------------------------------------------------



To the Board of Directors of
Prevention Insurance.Com
2770 S. Maryland Pkwy., #416
Las Vegas, Nevada 89109


We have audited the accompanying balance sheet of Prevention Insurance.Com as of
April 30, 2005, and the related statements of operations, changes in
stockholders' equity and cash flows for the years ended April 30, 2005 and 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 audit 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 balance
sheets are free of material misstatement. The Company is not required to have,
nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audit included consideration of internal control over financial
reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Company's internal control over financial reporting.
Accordingly, we express no such opinion. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the balance sheets. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit 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 the Company as of April 30,
2005, and the results of its operations and its cash flows for the years ended
April 30, 2005 and 2004, in conformity with U.S. generally accepted accounting
principles.

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 plans 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 22, 2005


                                      F-1

<PAGE>

                            PREVENTION INSURANCE.COM
                                  BALANCE SHEET
                                 APRIL 30, 2005



ASSETS
--------------------------------------------------------------------------------

Current assets:
Cash                                                          $     2,330
                                                              -----------

                                                              -----------
TOTAL CURRENT ASSETS                                          $     2,330
                                                              ===========


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

Current liabilities:
Accounts payable                                              $     3,428
TOTAL CURRENT LIABILITIES                                           3,428
                                                              -----------

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,
17,969,918 shares issued and outstanding                          179,714
Additional paid in capital                                      3,537,811
Accumulated (deficit)                                          (3,664,169)
                                                              -----------

                                                                   53,356
Less: Treasury stock, at cost                                     (52,954)
Less: Stock Subscriptions Receivable                               (1,500)
                                                              -----------

Total Stockholder's (Deficit)                                      (1,098)

                                                              -----------
Total Liabilites and Stockholder's Equity                     $     2,330
                                                              ===========



SEE NOTES TO FINANCIAL STATEMENTS


                                       F-2

<PAGE>

                         PREVENTION INSURANCE.COM
                         STATEMENTS OF OPERATIONS
                      FOR THE YEARS ENDED APRIL 30,


<TABLE>
<CAPTION>
                                                                 2005                          2004
                                                                ---------------------------------------



<S>                                                             <C>                          <C>
Commission income                                               $ 165,807                    $ 123,800



General and administrative                                        269,356                      161,251
                                                                ---------------------------------------



(Loss) from operations                                           (103,549)                     (37,451)

Interest expense                                                       --                           --


(Loss) before income taxes                                       (103,549)                     (37,451)

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


Net (loss)                                                      $(103,549)                   $ (37,451)
                                                                =======================================

(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, 2005 AND 2004

<TABLE>
<CAPTION>
                                 Preferred Stock                  Common Stock                        Additional
                                        -                                                               paid in        Accumulated
                                      Number         Par value       Number           Par value         capital          deficit
                               -----------------------------------------------------------------------------------------------------

<S>                                        <C>         <C>       <C>               <C>             <C>                <C>
Balance May 1, 2003                          -           -        9,240,817         $ 92,408       $ 3,453,019        $ (3,523,169)
Shares issued for cash                       -           -        2,142,500           21,425            10,200                   -
Shares issued for services                   -           -          665,000            6,665             3,310                   -
Net (loss) for the year                      -           -                -                                                (37,451)
                               -----------------------------------------------------------------------------------------------------

Balance April 30, 2004                       -           -       12,048,317          120,498         3,466,529          (3,560,620)
Shares issued for cash                       -           -        4,330,750           43,308            25,933                   -
Shares issued for services                   -           -        1,215,851           12,159            29,988                   -
Shares issued to reduce debt                                        300,000            3,000            14,612                   -
Shares issued for receivable                                         75,000              750               750                   -
Net (loss) for the year                      -           -                                                                (103,549)
                               -----------------------------------------------------------------------------------------------------
Balance April 30, 2005                     $ -         $ -       17,969,918        $ 179,714       $ 3,537,811        $ (3,664,169)
                               =====================================================================================================


<CAPTION>
                                        Treasury
                                          stock                Stock Subscriptions                        Total
                               --------------------------------------------------------------------------------------

<S>                                  <C>                                 <C>                                <C>
Balance May 1, 2003                  $ (52,954)                                                            $ (30,696)
Shares issued for cash                       -                                                                31,625
Shares issued for services                   -                                                                 9,975
Net (loss) for the year                                                                                      (37,451)
                               --------------------------------------------------------------------------------------

Balance April 30, 2004                 (52,954)                                                              (26,547)
Shares issued for cash                       -                                                                69,240
Shares issued for services                   -                                                                42,146
Shares issed to reduce debt                  -                                                                17,612
Shares issed for receivable                  -                             (1,500)                                 -
Net (loss) for the year                                                                                     (103,549)
                               --------------------------------------------------------------------------------------
Balance April 30, 2005               $ (52,954)                          $ (1,500)                         $  (1,098)
                               ======================================================================================

</TABLE>



                                      F-4





SEE NOTES TO FINANCIAL STATEMENTS

<PAGE>

                            PREVENTION INSURANCE.COM
                            STATEMENTS OF CASH FLOWS
                          FOR THE YEARS ENDED APRIL 30,




<TABLE>
<CAPTION>
                                                                                       2005                       2004
                                                                             ------------------------------------------------------
<S>                                                                                        <C>                           <C>
Cash flows from operating activities:
     Net loss                                                                              $ (103,549)                   $ (37,451)
     Adjustments to reconcile net loss to
      net cash used by operating activities:
     Changes in operating assets and liabilities:
       Stock issued for services and to settle debt                                            59,758                        9,975
       Increase / (Decrease) in accounts payable                                               (1,747)                      (2,012)
       Increase / (Decrease) in accounts payable - related party                              (21,372)                      (2,137)
                                                                             ------------------------------------------------------
          Net cash used by operating activities                                               (66,910)                     (31,625)

Cash flows from investing activities:
     Purchase of property and equipment                                                             -                            -
                                                                             ------------------------------------------------------
          Net cash used by investing activities                                                     -                            -

Cash flows from financing activities:
     Proceeds from issuance of common stock                                                    69,240                       31,625
                                                                             ------------------------------------------------------
          Net cash provided by financing activities                                            69,240                       31,625
                                                                             ------------------------------------------------------

Net increase in cash                                                                            2,330                            -

Cash, beginning of period                                                                          --                           --
                                                                             ------------------------------------------------------

Cash, end of period                                                                        $    2,330                    $      --
                                                                             ======================================================

Non Cash Investing and Financing Activities
            Issuance of Common Stock to reduce Debt                                        $   17,612                    $       -
                                                                             ======================================================
            Issuance of Common Stock for Services                                          $   42,146                    $   9,975
                                                                             ======================================================

</TABLE>


            SEE NOTES TO FINANCIAL STATEMENTS

                                      F-5

<PAGE>

                            PREVENTION INSURANCE.COM
                          NOTES TO FINANCIAL STATEMENTS



1. ORGANIZATION AND NATURE OF BUSINESS:

   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 year ended April 30, 2005, the Company received
   commissions as a dealer representative for the sale of ATM machines.

   GOING CONCERN ISSUES
   As discussed above, the companies 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 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 conformity with accounting
   principles generally accepted in the United States of America requires
   management to make estimates and assumptions 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 may differ from these estimates.


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

   BASIS OF PRESENTATION
   The accompanying financial statements have been prepared assuming the Company
   will continue as a going concern, which contemplates the realization of
   assets and the satisfaction of liabilities in the normal course of business.
   The Company has suffered recurring losses from operations and losses are
   expected to continue into the near future. The Company has no continuing
   source of revenues and its ability to remain a going concern is subject to
   its ability to raise capital

   CASH AND CASH EQUIVALENTS
   Cash and cash equivalents include highly liquid, temporary cash investments
   with an original maturity of three months or less from the date of purchase.

   BASIS OF ACCOUNTING
   The Company's policy is to prepare the financial statements on the accrual
   basis of accounting. The fiscal year end is April 30.


                                      F-6


<PAGE>

                            PREVENTION INSURANCE.COM
                          NOTES TO FINANCIAL STATEMENTS



   RECENT PRONOUNCEMENTS
   In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain Financial
   Instruments with Characteristics of both Liabilities and Equity." The
   Statement establishes standards for how an issuer classifies and measures
   certain financial instruments with characteristics of both liabilities and
   equity. It requires than an issuer classify a financial instrument that is
   within its scope as a liability ( or an asset in some circumstances ). The
   provisions of SFAF 150 are effective for financial instruments entered into
   or modified after May 31, 2003. The Company does not believe adopting this
   standard will have a material impact to its financial statements.

   In November 2004, the FASB issued SFAS No. 151, Inventory Costs, an amendment
   of ARB No. 43, Chapter 4. SFAS No. 151 amends the guidance in ARB No. 43,
   Chapter 4, Inventory Pricing, to clarify the accounting for abnormal amounts
   of idle facility expense, freight, handing costs, and spoilage. This
   statement requires that those items be recognized as current period charges
   regardless of whether they meet the criterion of "so abnormal" which was the
   criterion specified in ARB No. 43. In addition, this Statement requires that
   allocation of fixed production overheads to the cost of production be based
   on normal capacity of the production facilities. This pronouncement is
   effective for the Company beginning April 30, 2006. The Company does not
   believe adopting this new standard will have a material impact to its
   financial statements.

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

   In December 2004, the FASB issued SFAS No. 153, "Exchanges of Nonmonetary
   Assets, an amendment of APB Opinion No. 29 "effective for nonmonetary asset
   exchanges occurring in the fiscal year beginning January 1, 2006. SFAS No.
   153 requires that exchanges of productive assets be accounted for at fair
   value unless fair value cannot be reasonably determined or the transaction
   lacks commercial substance. SFAS No. 153 is not expected to have a material
   effect on the company's Consolidated Financial Statements.

   In May 2005, the FASB issued SFAS 154, "Accounting Changes and Error
   Corrections - a Replacement of APB Opinion No. 20 and FASB Statement No. 3".
   SFAS 154 requires retrospective application to prior period financial
   statements of changes in accounting principle, unless it is impracticable to
   determine either the period-specific effects or the cumulative effect of the
   change. SFAS 154 also redefines "restatement" as the revising of previously
   issued financial statements to reflect the correction of an error. This
   statement is effective for accounting changes and corrections of errors made
   in fiscal years beginning after December 15, 2005. The Company does not
   believe that the adoption of SFAS 154 will have a significant impact on the
   financial statements.

   FAIR VALUE OF FINANCIAL INSTRUMENTS
   The fair value of cash and cash equivalents, accounts payable payables
   approximates the carrying amount of these financial instruments due to their
   short maturity.


                                      F-7


<PAGE>

                            PREVENTION INSURANCE.COM
                          NOTES TO FINANCIAL STATEMENTS



   COMPREHENSIVE INCOME
   Statements of Financial Accounting Standards No. 130, Reporting Comprehensive
   Income (SFAS 130), requires that total comprehensive income be reported in
   the financial statements. The Company does not have any items considered to
   be other comprehensive income for the years ended April 30, 2005, and 2004.

   NET LOSS PER SHARE CALCULATION
   Basic net loss per common share ("EPS") is computed by dividing income
   available to commons stockholders by the weighted-average number of common
   shares outstanding for the period. The weighted-average number of common
   shares outstanding for computing basic EPS for the year ended April 30, 2005
   and April 30, 2004 was 15,330,961 and 10,624,567, respectively. Diluted EPS
   reflects the potential dilution that could occur if securities or other
   contracts to issue common stock were exercised or converted into common
   stock. As of April 30, 2005 the Company had no outstanding securities that
   could have a dilutive effect on the outstanding common stock.

   ADVERTISING
   Advertising and marketing costs are expensed when incurred. Advertising
   expenses for the years ended April 30, 2005 and 2004, were $2,125 and $0,
   respectively.

   RESEARCH AND DEVELOPMENT
   The Company expenses its research and development in the periods incurred. As
   of April 30, 2005, there have been no research and development costs.

   CONCENTRATIONS OF CREDIT RISK
   Credit risk represents the accounting loss that would be recognized at the
   reporting date if counter parties failed completely to perform as contracted.
   Concentrations of credit risk (whether on or off balance sheet) that arise
   from financial instruments exist for groups of customers or counter parties
   when they have similar economic characteristics that would cause their
   ability to meet contractual obligations to be similarly affected by changes
   in economic or other conditions described below.

   As of April 30, 2005, the company does not have any significant operations in
   any specific industry.

   REVENUE RECOGNITION
   Commission income from the sale of ATM machines and the related costs of
   these sales are recognized at the time of sale.

   STOCK BASED COMPENSATION
   The Company accounts for stock based awards to employees in accordance with
   Accounting Principles Board ("APB") Opinion No. 25, Accounting for Stock
   Issued to Employees, and related interpretations, and has adopted the
   disclosure only alternative of SFAS No. 123, Accounting for Stock-Based
   Compensation. Options granted to consultants, independent representatives and
   other non-employees are accounted for using the fair value method as
   prescribed by SFAS No. 123.


3. STOCKHOLDER'S EQUITY

   During the year ended April 30, 2005, the Company issued 5,921,601 shares of
   stock for cash of $66,240 ( an average of approximately $. 011 per share).
   Additionally, during the year ended April 30, 2004, the Company issued
   1,215,851 shares of stock for services. The market price per share was used
   to value the services at $42,147. As of July 2004 the Company issued 300,000
   shares to satisfy an outstanding debt valued at $17,612.

   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 $. 015 per share).
   Additionally, during the year ended April 30, 2005, the Company issued
   665,000 shares of stock for services. The cash price per share was used to
   value the services at $9,975.


                                      F-8

<PAGE>
                            PREVENTION INSURANCE.COM
                          NOTES TO FINANCIAL STATEMENTS




4. RELATED PARTY TRANSACTIONS

   The Company's president and shareholder has advanced monies to the Company.
   No advances as of April 30, 2005 have been made. The total advances at April
   30, 2004 are $21,372, and have been satisfied as of the current period. Total
   compensation to Scott Goldsmith, the President of the Company, amounted to
   $111,845 and $67,884 for the year ended April 30, 2005, and 2004,
   respectively.


5. LOSS PER SHARE

   Loss per share is calculated based on the weighted average number of shares
   outstanding during the year (15,330,961 shares for the year ended April 30,
   2005 and 10,624,567 for the year ended April 30, 2004)


6. COMMITMENTS

   The Company leases office space under a non-cancelable operating lease. The
   lease requires minimum monthly payments of approximately $500 per month. The
   lease expires April 30, 2006 with minimum rent payable for the year of
   $4,500.


7. INCOME TAX MATTERS

   The Company accounts for income taxes using the asset and liability approach
   required by SFAS No. 109. The asset and liability approach requires the
   recognition of deferred income tax liabilities and assets for the expected
   future tax consequences of temporary differences between the carrying amounts
   of and the tax basis of the Company's assets and liabilities. Future income
   tax benefits attributable to temporary differences are recognized to the
   extent that realization of such benefits is more likely than not. These
   future tax benefits are measured by applying currently enacted tax rates.


   The Company has a net operating loss carryover of approximately $3,600,000
   available to offset future taxable income, if any. The loss carryover expires
   through 2022.


                                      F-9