UNITED STATESSECURITIES AND EXCHANGECOMMISSION
Washington, D.C. 20549
**FORM 10-QSB**
             [X]Quarterly report filed under Section 13 or 15 (d) of the Securities Exchange Actof 1934
             Forthe Quarterly Period Ended March 31, 2005
             or[ ] Transitional report filed under Section 13 or 15 (d) of the ExchangeAct.
Commission File No. _________
SITEWORKS BUILDING & DEVELOPMENT CO.(Nameof Small Business Issuer in its Charter)
Florida
58-2590047 
State or other jurisdiction of
I.R.S. Employer 
incorporation or organization
Identification Number 

2534 N. Miami Ave, Miami, FL33127-----------------------------------------------------------(Addressof principal executive office)
Issuer's telephone number: (305) 573-9339--------------
Check whether the issuer: (1) filed all reports required to be filed by Section13 or 15(d) of the Exchange Act during the past 12 months (or for such shorterperiod that the registrant was required to file such reports), and (2) beensubject to such filing requirements for the past ninety (90) days.

Yes [X]      No [   ]

State the number of shares outstanding of each of the issuer's classes of commonequity, as of the latest practical date:
As of March 31, 2005, there were 7,754,755 shares of Common Stock, par value$0.01 per share, outstanding.
Transitional Small Business Disclosure Format (check one):        Yes   No   X****   

**TABLE OF CONTENTS**

       

PAGE
  
PART I. FINANCIAL INFORMATION
 
Item 1. 

Financial Statements
  
(a) 
       Consolidated Balance Sheets

F-2
 
(b) 
       Consolidated Statements of Operations

F-3
 
(c) 
       Consolidated Statements of Cash Flows

F-4
 
(d) 
       Notes to Consolidated FinancialStatements                     

F-5
  
Item 2. 

Management's Discussion and Analysis  of Financial Condition and Results ofOperations                   

3
  
Item 3.  Controls and Procedures                                          

4
  
PART II. OTHER INFORMATION                                               

5
  
Item 1.  Legal Proceedings
 
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds
 
Item 3.  Defaults On Senior Securities
 
Item 4.  Submission of Items to a Vote
 
Item 5.  Other Information
 
Item 6.
 
(a) Exhibits (b) Reports on Form 8K
 
SIGNATURES AND CERTIFICATES                                                 

6
 

    
SITEWORKS, INC. AND SUBSIDIARY(A DEVELOPMENT STAGE COMPANY)CONDENSEDCONSOLIDATED FINANCIAL STATEMENTSMARCH 31, 2005 AND2004****   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)****MARCH 31, 2005 AND 2004**
    
Page 
Financial Statements:
 
Condensed Consolidated Balance Sheet as of March 31, 2005 (Unaudited) 

F-2  
Condensed Consolidated Statements of Operations for the Three Months Ended

     March 31, 2005 and 2004 with Cumulative TotalsSince Inception (Unaudited)

F-3 
Condensed Consolidated Statements of Cash Flow for the Three Months Ended

     March 31, 2005 and 2004 with Cumulative TotalsSince Inception (Unaudited)

F-4 
Notes to Condensed Consolidated Financial Statements (Unaudited)

F-5
**F-1**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****CONDENSED CONSOLIDATED BALANCE SHEET(UNAUDITED)****MARCH 31, 2005**

**ASSETS**
   
  Property and equipment, net
  
23,713 
  Deposits
  
1,200 

  
   
**TOTAL ASSETS**
 
$
24,913 
    
**LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)**
       
**LIABILITIES**
       
  Accounts payable and accrued expenses
 
$
38,265 
  Payroll payable
  
11,994 
  Note payable - related party
  
12,000 
  Due to officer
  
13,200 
  Current portion of note payable - vehicle
  
3,589 
    
** Total Current Liabilities**
  
79,048     
Note payable - vehicle, net of current portion
  
6,072 
    
** Total Liabilities**
  
85,120 
    
**STOCKHOLDERS' EQUITY (DEFICIT)**
   
  Convertible Preferred Stock Series A , $1.00 par value, 20,000,000authorized
   
 and 0 shares issued and outstanding
  
- 
  Convertible Preferred Stock Series B , $1.00 par value, 20,000,000authorized
   
 and 0 shares issued and outstanding
  
- 
  Common stock, $.001 par value, 100,000,000 shares authorized;
   
 7,754,755 shares issued and outstanding 
  
7,754 
  Subscription receivable
  
(1,294,100)
  Additional paid-in capital
  
5,488,584 
  Deficit accumulated during the development stage
  
(4,262,445)
    
** Total Stockholders' Equity (Deficit)**
  
 (60,207)
    
**TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)**
 
$
24,913 

The accompanying notes are an integral part of these condensed consolidatedfinancial statements.**F-2**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)****FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND2004****(WITH CUMULATIVE TOTALS SINCE INCEPTION)**
       
**August 8, 2001**   
**THREE MONTHS ENDED** 
**(Inception)**   
**MARCH 31,** 
**to**   
**2005**
 
**2004**
 
**March 31, 2005**
                
**SALES**

$
- 
$
- 
$
233,355         
**COST OF SALES**
 
- 
 
- 
 
(115,746)
        
**GROSS PROFIT**
 
- 
 
- 
 
117,609 
                
**OPERATING EXPENSES**
       
Officers' compensation
 
-  
90,000  
1,175,881  
General and administration
 
133,373  
194,018  
2,870,798  
Depreciation and amortization
 
1,727 
 
1,376 
 
13,225 
         
** Total Operating Expenses**
 
135,100 
 
285,394 
 
4,059,904 
         
**LOSS BEFORE OTHER INCOME (EXPENSE)**
 
 (135,100)
 
(285,394)
 
(3,942,295)
         
**OTHER INCOME (EXPENSE)**
       
  Impairment of goodwill
 
-  
(240,000) 
(300,000) 
  Interest expense
 
 (344)
 
(353)
 
(14,900)
 
** Total Other (Expense)**
 
 (344)
 
(240,353)
 
 (314,900)
                
**NET LOSS APPLICABLE TO COMMON SHARES**

$
 (135,444)

$
 (525,747)

$
 (4,257,195)
         
**NET LOSS PER BASIC AND DILUTED SHARES**

$
 (0.03)

$
 (22.41)
           
**WEIGHTED AVERAGE NUMBER OF COMMON**
       
** SHARES OUTSTANDING**
 
5,085,218 
 
23,462 
          

The accompanying notes are an integral part of these condensed consolidatedfinancial statements.**F-3**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW(UNAUDITED)****FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND2004****(WITH CUMULATIVE TOTALS SINCE INCEPTION)**
      
**August 8, 2001**      
**(Inception)**      
**to**  
**2005**
 
**2004**
 
**March 31, 2005**
       
**CASH FLOWS FROM OPERATING ACTIVITIES**
      
  Net loss

$
 (135,444)

$
 (525,747)

$
 (4,257,195)

  Adjustments to reconcile net loss to net cash provided by
      
 (used in) operating activities
             
 Depreciation and amortization
 
1,727  
1,376  
13,225 
 Impairment of goodwill
 
-  
240,000  
300,000 
 Stock issued for services
 
71,668  
158,000  
3,421,223        
**  Changes in assets and liabilities**
      
 Decrease in accounts receivable
 
-  
2,700  
- 
  (Increase) in deposits
 
-  
-  
(1,200)
 Increase (Decrease) in accounts payable and other liabilities
 
28,625 
 
 (6,787)
 
50,259 

 Total adjustments
 
102,020 
 
395,289 
 
3,783,507 
       
** Net cash (used in) operating activities**
 
 (33,424)
 
 (130,458)
 
 (473,688)
       
**CASH FLOWS FROM INVESTING ACTIVITIES**
      
 Purchase of property and equipment
 
- 
 
 (5,498)
 
 (36,938)
       
** Net cash (used in) investing activities**
 
- 
 
 (5,498)
 
 (36,938)
       
**CASH FLOWS FROM FINANCING ACTIVITES**
      
 Proceeds from (payments on) note payable - related party
 
-  
(123,000) 
12,000 
 Proceeds from note payable - vehicle
 
-  
-  
14,294 
 Payments on notes payable - vehicle
 
-  
(492) 
(4,633)
 Due to officer, net
 
13,200  
(5,246) 
13,200 
 Proceeds from the sale of common stock
 
15,000 
 
270,680 
 
475,765 
       
** Net cash provided by financing activities**
 
28,200 
 
141,942 
 
510,626 
       
**NET INCREASE (DECREASE) IN**
      
** CASH AND CASH EQUIVALENTS**
 
(5,224) 
5,986  
-        
**CASH AND CASH EQUIVALENTS -**
      
** BEGINNING OF PERIOD**
 
5,224  
92  
-        
**CASH AND CASH EQUIVALENTS - END OF PERIOD**

$
- 

$
6,078 
$
- 
       
**SUPPLEMENTAL DISCLOSURES:**
      
 Cash paid during the period for interest

$
- 
$
353 
$
1,764        
**SUPPLEMENTAL DISCLOSURE OF NON-CASH****INFORMATION:**
      
 Common stock issued for services

$
71,668 

$
158,000 

$
3,421,223 
       
The accompanying notes are an integral part of these condensed consolidatedfinancial statements.**F-4**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIALSTATEMENTS****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION**

The condensed consolidated unaudited interim financialstatements included herein have been prepared, without audit, pursuant to therules and regulations of the Securities and Exchange Commission.  The condensedconsolidated financial statements and notes are presented as permitted on Form10-QSB and do not contain information included in the Company's annual financialstatements and notes.  Certain information and footnote disclosures normallyincluded in financial statements prepared in accordance with accountingprinciples generally accepted in the United States of America have beencondensed or omitted pursuant to such rules and regulations, although theCompany believes that the disclosures are adequate to make the informationpresented not misleading.  It is suggested that these condensed consolidatedfinancial statements be read in conjunction with the December 31, 2004 auditedfinancial statements and the accompanying notes thereto. While managementbelieves the procedures followed in preparing these condensed consolidatedfinancial statements are reasonable, the accuracy of the amounts are in somerespects dependent upon the facts that will exist, and procedures that will beaccomplished by the Company later in the year.

These condensed consolidated unaudited financialstatements reflect all adjustments, including normal recurring adjustmentswhich, in the opinion of management, are necessary to present fairly theconsolidated operations and cash flows for the periods presented.

Site Works, Inc. (the "Company"), was incorporated inthe State of Florida on August 8, 2001. 

On March 13, 2002, the Company merged with Real TimeCars, Inc., a Nevada corporation ("RTCI") resulting in the Company existing asthe surviving company. The shareholders of RTCI received one share of theCompany's common stock in exchange for each share of common stock owned in RTCI.The merger with RTCI occurred as a result of the termination of an acquisitionagreement between RTCI and Automated Management Resources, Ltd. ("AMR"), aNevada corporation that was controlled by the Company's management and foundingstockholders.  AMR was incorporated on April 6, 1999 and was engaged in asimilar business as the Company through its wholly-owned subsidiary, AutomatedManagement Resources, Ltd., a Barbados company ("AMR Barbados").

On November 21, 2000, AMR entered into a stockexchange transaction with RTCI, whereby RTCI acquired all of the common stock ofAMR and agreed to pay a finders' fee of $200,000 to the President of AMR, andsubsequently continued as the surviving corporation changing its name to RealTime Cars, Inc. RTCI defaulted on the finders' fee payment resulting intermination of the stock exchange agreement and merger with the Company on March13, 2002.   

The Company was incorporated to act as a constructionand real estate development company, to acquire operating constructioncompanies, and income producing real estate. The Company's focus is on acquiringconstruction projects which have already been designed and for which permitshave been issued. 

On September 29, 2003, the Company acquired CorkAcquisition Corp., a Delaware corporation ("Cork") for 2,000,000 shares of itscommon stock for all of the common stock of Cork. Prior to the merger, Cork wasan inactive company that had no assets or liabilities. 

For accounting purposes, the transaction has beenaccounted for as a purchase. Accordingly, the Company will be treated as thecontinuing entity for accounting purposes.  The $60,000 recognized as goodwillin the Cork transaction, was impaired by the Company, in 2003. The remaining$240,000 has been impaired by the Company in 2004.

**F-5**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
                   **DevelopmentStage Company**

The Company has devoted substantially all of its timeto searching for construction and real estate projects to acquire and develop.The Company has no revenues and very limited operations. In accordance withFinancial Accounting Standards (SFAS) No. 7, "Accounting and Reporting byDevelopment Stage Enterprises", the Company has presented their financialstatements as a development stage company, reflecting the cumulative totalssince their inception, despite the one sale that took place in 2004. Theycurrently own no other properties under development.

                   **Principlesof Consolidation**

The condensed consolidated financial statementsinclude the accounts of the Company and its wholly-owned subsidiary. Allsignificant intercompany accounts and transactions have been eliminated inconsolidation.

                   **Useof Estimates**

The preparation of financial statements in conformitywith accounting principles generally accepted in the United States of Americarequires management to make estimates and assumptions that affect the reportedamounts of assets and liabilities and disclosures of contingent assets andliabilities at the date of the financial statements and the reported amounts ofrevenues and expenses during the reporting period. Actual results could differfrom those estimates. 

                   **Revenueand Cost Recognition**

The Company has no revenue and is in the developmentstage.

The Company's policy is to recognize revenue under theaccrual method of accounting when the services are rendered rather than whencash is collected for the services provided. 

Costs are recorded on the accrual basis as well, whenthe services are incurred rather than paid. 

                   **Cashand Cash Equivalents**

The Company considers all highly liquid debtinstruments and other short-term investments with an initial maturity of threemonths or less to be cash equivalents. 

The Company maintains cash and cash equivalentbalances at several financial institutions that are insured by the FederalDeposit Insurance Corporation up to $100,000. 

**F-6**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
                   **FixedAssets**

Fixed assets are stated at cost. Depreciation iscomputed primarily using the straight-line method over the estimated useful lifeof the assets.

Furniture and fixtures    

7   Years

Office equipment and vehicles    

5   Years

Repair and maintenance costs are expense, whileadditions and betterments are capitalized.  The cost and related accumulateddepreciation of assets sold or retired are eliminated from the accounts and anygains or losses are reflected in earnings.

                   **IncomeTaxes**

The income tax benefit is computed on the pretax lossbased on the current tax law. Deferred income taxes are recognized for the taxconsequences in future years of differences between the tax basis of assets andliabilities and their financial reporting amounts at end of each period based onenacted tax laws and statutory tax rates.

                   **Advertising**

Costs of advertising and marketing are expensed asincurred. Advertising and marketing costs for the three months ended March 31,2005 and 2004, are included in the condensed consolidated statements ofoperations.

                   **FairValue of Financial Instruments**

The carrying amount reported in the condensedconsolidated balance sheet for cash and cash equivalents, accounts payable andaccrued expenses approximate fair value because of the immediate or short-termmaturity of these financial instruments. The carrying amount reported for notespayable approximates fair value because, in general, the interest on theunderlying instruments fluctuates with market rates.

**F-7**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
                   **Start-upCosts**

In accordance with Statement of Position 98-5,"Accounting for Start-up Costs", the Company has expensed all of their costsrelating to the start-up  in the period in which those costs related to. 

                   **(Loss)Per Share of Common Stock**

Historical net (loss) per common share is computedusing the weighted average number of common shares outstanding. Diluted earningsper share (EPS) include additional dilution from common stock equivalents, suchas stock issuable pursuant to the exercise of stock options and warrants. Commonstock equivalents are not included in the computation of diluted earnings pershare when the Company reports a loss because to do so would be antidilutive forthe periods presented.

The following is a reconciliation of the computationfor basic and diluted EPS:

       

March 31, 
March 31,
       

2005
 
2004
 
Net Loss

 ($135,444)

($525,747)
 
Weighted-average common shares

  outstanding (Basic)

5,085,218  
23,462  
Weighted-average common stock

  equivalents:

 Stock options and warrants

- 
 
- 
 
Weighted-average common shares

  outstanding (Diluted)

5,085,218 
 
23,462 

Options and warrants outstanding to purchase stockwere not included in the computation of diluted EPS because inclusion would havebeen antidilutive. The Company has no options or warrants outstanding as ofMarch 31, 2005, and no options or warrants have been granted to date.

**F-8**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
                   **Reclassifications**

Certain amounts for the three months ended March 31,2004 have been reclassified to conform to the presentation of the March 31, 2005amounts. The reclassifications have no effect on net loss for the three monthsended March 31, 2004.

                   **RecentAccounting Pronouncements**

In November 2004, the FASB issued Financial AccountingStandards No. 151 (FAS 151), "Inventory Costs - an amendment of ARB No. 43,Chapter 4".  FAS 151 clarifies the accounting for abnormal amounts of idlefacility expense, freight, handling costs and spoilage.  In addition, FAS 151requires companies to base the allocation of fixed production overhead to thecosts of conversion on the normal capacity of production facilities.  FAS 151 iseffective for the Company in 2006.  The Company does not expect FAS 151 to havea material impact on its results or financial statements.

On December 16, 2004, FASB issued Financial AccountingStandards No. 153, Exchanges of Non-monetary Assets, an amendment of APB OpinionNo. 29, Accounting for Non-monetary Transactions ("FAS 153"). This statementamends APB Opinion 29 to eliminate the exception for non-monetary exchanges ofsimilar productive assets and replaces it with a general exception for exchangesof non-monetary assets that do not have commercial substance. Under FAS 153, ifa non-monetary exchange of similar productive assets meets acommercial-substance criterion and fair value is determinable, the transactionmust be accounted for at fair value resulting in recognition of any gain orloss. FAS 153 is effective for non-monetary transactions in fiscal periods thatbegin after June 15, 2005. The Company does not anticipate that theimplementation of this standard will have a material impact on its financialposition, results of operations or cash flows. 

In December 2004, the FASB issued Financial AccountingStandards No. 123 (revised 2004) (FAS 123R), "Share-Based Payment, " FAS 123Rreplaces FAS No. 123, "Accounting for Stock-Based Compenasation", and supersedesAPB Opinion No. 25, "Accounting for Stock Issued to Employees."  FAS 123Rrequires compensation expense, measured as the fair value at the grant date,related to share-based payment transactions to be recognized in the financialstatements over the period that an employee provides service in exchange for theaward.  The Company intends to adopt FAS 123R using the "modified prospective"transition method as defined in FAS 123R.  Under the modified prospectivemethod, companies are required to record compensation cost prospectively for theunvested portion, as of the date of adoption, of previously issued andoutstanding awards over the remaining vesting period of such awards.  FAS 123Ris effective January 1, 2006.  The Company is evaluating the impact of FAS 123Ron its' results and financial position.

**F-9**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 3 - INVENTORY**

The Company on July 31, 2003, purchased an undevelopedparcel of land in Jupiter, Florida in the amount of $105,000. The Company hasrecorded this asset as inventory and this amount is stated at cost whichincludes specifically identifiable costs. The Company held this property untilSeptember 28, 2004, which at that time was sold. There were no additional costscapitalized with respect to this undeveloped parcel of land.

**NOTE 4 - PROPERTY AND EQUIPMENT**

Property and equipment consist of the following atMarch 31, 2005: 

Furniture, fixtures and equipment

$
16,144
Vehicle
 
20,794
 
36,938   
Less:  accumulated depreciation
 
 (13,225)
 
Net book value

$
23,713

Depreciation expense for the three months ended March31, 2005 and 2004 was $1,727 and $1,376, respectively.  

**NOTE 5 - NOTE PAYABLE - RELATED PARTY**

The Company has a construction bridge loan and notepayable in the amount of $150,000 due to a related party. The note requires aballoon payment of principal and interest at a rate of 12% due on July 23, 2004.The note is collateralized by land and 150,000 shares of the Company's commonstock. Interest expense for the three months ended March 31, 2005 and 2004 was$0 and $7,940, respectively. The Company paid back $123,000 in February andMarch 2004, and reclassified the remaining $27,000 to another individual whoassumed the note payable. At March 31, 2005, this balance is $12,000. There areno terms or stated rate of interest on the new note payable.

**F-10**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 6 - NOTE PAYABLE - VEHICLE**

The Company has an automobile note payable which issecured by the vehicle, and guaranteed by the President of the Company. The loanis payable at $397 per month inclusive of interest at 14.65%, and is due June2007. 

The balance due at March 31, 2005 is $9,661.

Maturities of this note are as follows:

March 31, 2006       

$
3,590   
March 31, 2007      
 
4,153   
March 31, 2008      
 
1,918
  
$
9,661

**NOTE 7 - DUE TO OFFICER**

The Company has $13,200 outstanding at March 31, 2005to an officer/stockholder for expenses advanced on behalf of the Company. Thereare no terms or stated rate of interest on this note.

**NOTE 8 - PROVISION FOR INCOME TAXES**

Deferred income taxes will be determined using theliability method for the temporary differences between the financial reportingbasis and income tax basis of the Company's assets and liabilities.  Deferredincome taxes will be measured based on the tax rates expected to be in effectwhen the temporary differences are included in the Company's consolidated taxreturn.  Deferred tax assets and liabilities are recognized based on anticipatedfuture tax consequences attributable to differences between financial statementcarrying amounts of assets and liabilities and their respective taxbases.

At March 31, 2005, net deferred tax assetsapproximated the following:

Deferred tax asset

$
1,278,600 
Less:  valuation allowance

(1,278,600)

Net deferred tax asset

$
       -0- 

At March 31, 2005, the Company had deficitsaccumulated during the development stage approximating $4,262,000 available tooffset future taxable income through 2023. The Company established valuationallowances equal to the full amount of the deferred tax assets due to theuncertainty of the utilization of the operating losses in future periods.

**F-11**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 9 - STOCKHOLDERS' EQUITY**

At March 31, 2005, the Company has three classes ofstock; a convertible Series A preferred class with a par value of $1.00 with20,000,000 shares authorized, a convertible Series B preferred stock with a parvalue of $1.00 with 20,000,000 shares authorized and a common class with a parvalue of $.001 and 100,000,000 shares authorized. 

On March 13, 2002, the Company issued 5,250,375 sharesof common stock pre-stock splits, 1 share post-stock splits, as a result of themerger with RTCI. Subsequent thereto, the Company issued 177,337 shares ofcommon stock pre-stock splits, fractional share post-stock split for servicesrendered valued at $5,321 in the year ended December 31, 2002.

During the year ended December 31, 2003, the Companysold 1,339,686 shares of common stock pre-stock split, and 670 shares of commonstock post-stock split $133,030, issued 47,918,288 and 32,474,523 shares ofcommon stock for services rendered pre-stock splits and 130 and 16,237 shares ofcommon stock post-stock splits valued at $2,411,784, and issued subscriptionsfor 5,750,000 shares of common stock pre-stock splits and 2,375 shares of commonstock post-stock split valued at $172,500. In addition, the Company canceled andretired 5,732,000 shares of common stock pre-stock splits and 2,366 shares ofcommon stock post-stock splits. On April 17, 2003, the Company reverse split itscommon shares outstanding on a 1 for 200 basis. On September 29, 2003, theCompany issued 2,000,000 shares of common stock pre-stock split and 1,000 sharesof common stock post-stock split as a result of the acquisition of Cork.

The Company, pursuant to approved board resolutions,increased the authorized shares on March 22, 2004 to 200,000,000 common sharesand 20,000,000 preferred shares, then again on April 4, 2004 increased thecommon shares authorized to 900,000,000 and the preferred shares to 50,000,000.On November 30, 2004, the board decreased the authorized shares of the commonstock back to 100,000,000, and established two series of convertible preferredstock with a par value of $1.00 authorizing 20,000,000 shares each, replacingthe original preferred class.

On April 9, 2004, the Company authorized the issuanceof a new Series A Preferred Stock. They have authorized the issuance of20,000,000 shares, and issued 19,813,967 of these shares to the Company'spresident. These shares convert into common shares at a 300 to 1 ratio, and wereconverted in August 2004.

On August 12, 2004, the Company approved a reverse 1for 2,000 stock split.

For the year ended December 31, 2004, the Companyissued 8,000,000 shares of common stock pre-stock split and 4,000 shares ofcommon stock post-stock split as part of the Cork Acquisition; 36,380,000 sharesof common stock pre-stock split and 18,190 shares of common stock post-stocksplit for cash; 520,300,000 shares of common stock pre-stock split and 1,059,750shares of common stock post-stock split for subscriptions of stock; 597,000,000shares of common stock pre-stock split and 3,004,595 shares of common stockpost-stock split (which includes 2,972,095 shares of common stock which wasconverted from 19,813,967 shares of preferred stock)  for compensation to theofficer; and 102,520,000 shares of common stock pre-stock split and 51,260shares of common stock post-stock split for services rendered.

**F-12**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**
**NOTE 9 - STOCKHOLDERS' EQUITY (CONTINUED)**

In February 2005, the Company issued 15,000 shares ofits common stock for cash for a total value of $15,000.

In 2005, the Company issued 3,583,413 shares of itscommon stock at fair value.  

There are no options or warrants outstanding as ofMarch 31, 2005 and 2004, and no options or warrants have been granted to date.

**NOTE 10 - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIALSTATEMENTS**

The Company has restated their condensed consolidatedfinancial statements to take into effect the reverse stock splits that occurredin both 2004 and 2003. The Company has retroactively reflected the reverse stocksplits in the condensed consolidated balance sheet, the earnings per sharecalculations, and throughout the condensed consolidated financial statementswith respect to share amounts. 

**NOTE 11 - GOING CONCERN**

As shown in the accompanying condensed consolidatedfinancial statements, the Company incurred substantial net losses sinceinception, and is currently in the development stage. There is no guaranteewhether the Company will be able to generate enough revenue and/or raise capitalto support those operations.  This raises doubt about the Company's ability tocontinue as a going concern.

Management also states that they are confident thatthey can acquire projects and raise the appropriate funds needed either througha debt or equity offering to operate. 

The condensed consolidated financial statements do notinclude any adjustments that might result from the outcome of theseuncertainties.

**F-13**   

**SITEWORKS, INC. AND SUBSIDIARY****(A DEVELOPMENT STAGECOMPANY)****NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)****MARCH 31, 2005 AND 2004****(UNAUDITED)**

**NOTE 12-     SUBSEQUENT EVENTS**

In February 2005, the Company entered into a purchaseagreement to acquire Craco Excavating, Inc., an 18 year old Florida excavatingand site utility construction company. The Company is currently in the duediligence phase, and anticipates closing on this transaction in the secondquarter of 2005.

In March 2005, the Company entered into a strategicalliance agreement with Ubuy Development Corporation. Ubuy DevelopmentCorporation, a Florida company, has been involved in land development andconstruction for nearly four decades and has produced numerous constructionprojects and income producing properties in the United States. 

On April 15, 2005 the Company announced that it hadamended its name to SiteWorks Building and Development Co. Management believesthe new name will more accurately describe the Company's mission. The Company'sstock symbol and CUSIP numbers will remain unchanged.

On April 28, 2005, the Company amended and restatedtheir certificate of incorporation giving the Company the authority to issue5,000,000,000 shares of stock which are designated as common stock. In addition,the Preferred Stock Series A have been granted the right to vote in a ratioequivalent to 300 shares of common stock to one share of preferred stock.

On May 12, 2005, the Company entered into a StandbyEquity Distribution Agreement with Cornell Capital Partners. Under theagreement, the Company may issue and sell to Cornell Capital Partners commonstock for a total purchase price of up to $10.0 million. The purchase price forthe shares is equal to 95% of the market price, which is defined as the lowestvolume weighted average price of the common stock during the five trading daysfollowing the notice date.  

The amount of each advance is subject to an aggregatemaximum advance amount of $200,000, with no advance occurring within fivetrading days of a prior advance. Cornell Capital Partners received a one-timecommitment fee of the Company's stock that was valued at $290,000 at the time ofthe transaction.

Cornell Capital Partners is entitled to retain a feeof 10% of each advance. In addition, the Company entered into a placement agentagreement with Monitor Capital, Inc, a registered broker-dealer. Pursuant to theplacement agent agreement, the Company paid a one-time placement agent fee of10,000 restricted shares of common stock equal to approximately $3,000 based onthe Company's stock price on May 12, 2005. 

Montgomery Equity Partners and the Company enteredinto a Convertible Debenture agreement on May 12, 2005 for $500,000.  Montgomerywill advance $300,000 of this amount at closing and will advance the remaining$200,000 upon the filing of the registration statement with the SEC, which isexpected to occur in June 2005.

**F-14**   

ITEM 2:   **MANAGEMENT'S DISCUSSION AND ANALYSIS OF CERTAINRELEVANT FACTORS**
The Company is classified as a development stage company because its principalactivities involve seeking to acquire business activities. 
On May, 1999 Automated, Inc. of Nevada\ merged with Automated, Barbados and theassets that existed prior to the merger were sold to Automated of Nevada forassumption of liabilities. In November of 2001 Automated Nevada entered a saleagreement with RTCI whereby the assets of Automated Barbados were subsequentlyrepurchased by Carl Nurse pursuant to the aborted sale to RTCI. The sale ofAutomated Nevada, now renamed SiteWorks Building & Development Co.,. ofFlorida to RTCI was never successfully concluded (RTCI failed to pay the fullprice for control of the company) and on March 13, 2002 RTCI was merged in toSiteWorks Inc of Florida .In September of 2002 a default judgement awardingcontrol of RTCI (Automated Nevada) was secured in Nassau County court in favorof Carl Nurse and against RTCI. C Michael Nurse is currently the majorityshareholder of Automated (now SiteWorks), Inc (Barbados). 
On September 29th, 2003 SiteWorks acquired all the outstanding stock of CorkAcquisition Corp, a Delaware fully reporting company in exchange for 10% of theoutstanding shares of SiteWorks. Documents of merger were subsequently filed inDelaware and in Florida formalizing the merger with Cork , with SiteWorks thesurviving Corporation. 
On Feb 15, 2005 SiteWorks executed a purchase agreement for all the issued andoutstanding shares of Craco Contracting Corp, a Florida site and excavatingcompany. The purchase price is $800,000, payable as follows: 200,000 in cash and600,000 in a note payable over 60 months at 8% interest per annum. 
On April 15, 2005 the Company announced that it had amended its name toSiteWorks Building and Development Co. Management believes the new name willmore accurately describe the Company's mission. The Company's stock symbol andCUSIP numbers will remain unchanged.
On April 28, 2005, the Company amended and restated their certificate ofincorporation giving the Company the authority to issue 5,000,000,000 shares ofstock which are designated as common stock. In addition, the Preferred StockSeries A have been granted the right to vote in a ratio equivalent to 300 sharesof common stock to one share of preferred stock.
On May 12, 2005, the Company entered into a Standby Equity DistributionAgreement with Cornell Capital Partners. Under the agreement, the Company mayissue and sell to Cornell Capital Partners common stock for a total purchaseprice of up to $10.0 million. The purchase price for the shares is equal to 95%of the market price, which is defined as the lowest volume weighted averageprice of the common stock during the five trading days following the noticedate.  
The amount of each advance is subject to an aggregate maximum advance amount of$200,000, with no advance occurring within five trading days of a prior advance.Cornell Capital Partners received a one-time commitment fee of the Company'sstock that was valued at $290,000 at the time of the transaction.
Cornell Capital Partners is entitled to retain a fee of 10% of each advance. Inaddition, the Company entered into a placement agent agreement with MonitorCapital, Inc, a registered broker-dealer. Pursuant to the placement agentagreement, the Company paid a one-time placement agent fee of 10,000 restrictedshares of common stock equal to approximately $3,000 based on the Company'sstock price on May 12, 2005. 
Montgomery Equity Partners and the Company entered into a Convertible Debentureagreement on May 12, 2005 for $500,000.  Montgomery will advance $300,000 ofthis amount at closing and will advance the remaining $200,000 upon the filingof the registration statement with the SEC, which is expected to occur in June2005.
The Company requires cash for acquisitions of income real estate and operatingconstruction companies. 
A lack of sufficient working capital may prevent the Company from realizing itsobjectives. Until the Company receives additional funding, it will be unable togrow at its projected rate. **3**   
The strategic approach to growth and income by the Company is not unique andthere are several companies engaged in similar strategy of growth byacquisition. The Company will be competing against larger and better-capitalizedentities. However the company is intent on pursuing the low cost sector inHotels and intends to concentrate in well-traveled secondary markets for itsHotel acquisitions. The company intends to seek distressed income propertieswith minimum internally defined characteristics and develop these propertiesinto solid earning properties by upgrading the physical plant and installingcompetent management. The use of the careful project selection and evaluationtools, management feels to be demonstrably superior project selection attentionto quality improvements, function and automating basic maintenance andoperations should allow the Company's services to be effectively marketedagainst the competition at the currently established price points, whilemaintaining a good profit margin. 
**FORWARD LOOKING STATEMENTS**
This annual filing Statement contains forward-looking statements that are basedon the Company's beliefs as well as assumptions made by and informationcurrently available to the Company. When used in this Annual Report, the words"believe," "endeavor," "expect," "anticipate," "estimate," "intends," andsimilar expressions are intended to identify forward-looking statements. Suchstatements are subject to certain risks, uncertainties and assumptions whichdescribed in Part I, Item 1, Description of Business - Risk Factors," above.Should one or more of those risks or uncertainties materialize, or shouldunderlying assumptions prove incorrect, actual results may vary materially fromthose anticipated, estimated, or projected. The Company cautions potentialinvestors not to place undue reliance on any such forward-looking statements allof which speak only as of the date made
******ITEM 3 - CONTROLS AND PROCEDURES**
Within the 90 days prior to the date of this report, the sole officer anddirector of the Company carried out an evaluation of the effectiveness of thedesign and operations of our disclosure controls and procedures, as defined inExchange Act Rule 13a-14. Based upon that evaluation, the sole officer concludedthat our disclosure controls and procedures are effective in timely alertingmanagement to material information relating to the Company required to beincluded in our periodic SEC filings. 
  
**PART II**
**OTHER INFORMATION**
** ****ITEM 1 - LEGAL PROCEEDINGS**
None 
** ****ITEM 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS**
None 
** ****ITEM 3 - DEFAULTS UPON SENIOR SECURITIES**
None 
** ****ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS**
None 
** ****ITEM 5 - OTHER INFORMATION**
None **4**   

** ********ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K********     Exhibit31.1   Certification of Principal Executive Officer****     Exhibit32.1   Certification Pursuant to Section 906 of theSarbanes-Oxley Act of 2002**
In accordance with the requirements of the Exchange Act, the registrant causedthis report to be signed on its behalf by the undersigned, thereunto dulyauthorized. 

  

SITEWORKS BUILDING & DEVELOPMENT, Co. 

  

  

  

By:  

/s/ Carl Nurse 

  

  

Carl Nurse 

  

  

Chief Executive Officer 

  

Dated: May 23, 2005 **5**