SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                   FORM 10-QSB


(MARK ONE)

[X]      Quarterly  Report  Pursuant  to Section  13 or 15(d) of the  Securities
         Exchange Act of 1934 For the quarterly period ended September 30, 2001

[  ]     Transition Report Pursuant to Section 13 OR 15(d) of the Exchange Act
         For the transition period from ________ to _________

                        COMMISSION FILE NUMBER 000-29499

                       WALL STREET STRATEGIES CORPORATION
        (Exact name of Small Business Issuer as Specified in its Charter)

             NEVADA                                             13-4100704
  (State or Other Jurisdiction                                 (IRS Employer
of Incorporation or Organization)                           Identification No.)

                       80 Broad Street, New York, NY 10004
                    (Address of Principal Executive Offices)

                                 (212) 514-9500
                 Issuer's Telephone Number. Including Area Code


         Check whether the issuer (1) has filed all reports required to be filed
by  Section  13 or 15(d)  of the  Securities  Exchange  Act of 1934  during  the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days.

                                    Yes _X_ No


                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity  as of  the  latest  practicable  date:  As of  November  13,  2001,  the
registrant had 18,447,549 shares of Common Stock outstanding.

            Transmittal Small Business Disclosure Format (check one)

                             Yes ______ No ___x___


<PAGE>


                WALL STREET STRATEGIES CORPORATION AND SUBSIDIARY

                        FORM 10-QSB - September 30, 2001

<TABLE>
<CAPTION>


                    Index                                                                        Page
                                                                                                 Number
<S>                 <C>                                                                          <C>
PART I              FINANCIAL INFORMATION

Item 1              Condensed Consolidated Balance Sheets at September 30, 2001                     3
                    and December 31, 2000 (unaudited at September 30, 2001)

                    Condensed Consolidated Statements of Operations for the                         4
                    three months ended September 30, 2001 and September 30, 2000
                    and the nine months ended September 30, 2001 and September 30, 2000
                    (unaudited)

                    Condensed Consolidated Statement of Shareholders' Equity (Deficit)              5
                    for the nine months ended September 30, 2001 (unaudited)

                    Condensed  Consolidated  Statements  of Cash Flows for the                      6
                    nine months ended September 30, 2001 and September 30, 2000
                    (unaudited)

                    Notes to Condensed Consolidated Financial Statements                            7
                    (unaudited)

Item 2              Management's Discussion and Analysis of Financial Condition
                    and Results of Operations                                                      13

PART II             OTHER INFORMATION

Item 1              Legal Proceedings                                                              18
Item 2              Changes in Securities and Use of Proceeds                                      19
Item 3              Defaults Upon Senior Securities                                                19
Item 4              Submission of Matters to a Vote of Security Holders                            19
Item 5              Other Information                                                              19
Item 6              Exhibits and Reports on Form 8 - K                                             19
</TABLE>


                                       2


<PAGE>
PART I-FINANCIAL INFORMATION


This report  contains  statements that  constitute  forward  looking  statements
within the  meaning of the  Private  Securities  Litigation  Reform Act of 1995.
Those  statements  appear in a number of places  herein and  include  statements
regarding the intent,  belief or current expectations of the Company,  primarily
with  respect  to the future  operating  performance  of the  Company or related
developments.  Any such forward-looking  statements are not guarantees of future
performance  and  involve  risks  and  uncertainties,  and  actual  results  and
developments may differ from those described in the  forward-looking  statements
as a result of various  factors,  many of which are  beyond  the  control of the
Company.

                       WALL STREET STRATEGIES CORPORATION
                                 AND SUBSIDIARY

                        FORM 10-QSB - SEPTEMBER 30, 2001

                      CONDENSED CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                                                           (Unaudited)
                                                                           September 30,     December 31,
                                                                               2001             2000
                                                                               -----            -----
<S>                                                                          <C>              <C>
ASSETS

CURRENT ASSETS
              Cash and cash equivalents                                    $     34,581    $     82,139
              Accounts receivable                                                17,700          29,820
              Marketable securities, available for sale, at market value            245             700
              Deferred commission expense                                       158,026         246,337
              Other current assets                                               41,062         176,984
                                                                           ------------    ------------
                                 Total current  assets                          251,614         535,980
Property and equipment, net                                                   1,168,613       1,484,340
Deferred website development costs, net                                          73,131         206,855
Other assets                                                                    270,592         312,000
                                                                           ------------    ------------
                                                                              1,763,950       2,539,175
                                                                           ============    ============
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
              Accounts payable and accrued expenses                        $  2,337,417    $  1,944,581
              Accrued compensation                                              300,439         291,495
              Capitalized lease obligations                                     464,313         500,562
              Deferred subscription income                                      451,502         703,817
              Loan payable                                                       50,000            --
              Shareholder loan payable                                          109,854          50,000
                                                                           ------------    ------------
                                 Total current liabilities                    3,713,525       3,490,455
                                                                           ------------    ------------
COMMITMENTS AND CONTINGENCIES

Mandatory redeemable series A convertible preferred stock- 8%
              cumulative, $.001 par value; 5,000,000 shares
              authorized; 9.24 and 10.00 shares issued and
              outstanding                                                     1,008,599       1,029,778
                                                                           ------------    ------------
SHAREHOLDERS' EQUITY (DEFICIT)
              Common stock, $.001 par value;
              50,000,000 shares authorized;
              18,447,549 and  18,109,680 shares
              issued and outstanding                                             18,448          18,110
              Additional paid-in capital                                     13,806,680      14,019,475
              Accumulated deficit                                           (16,378,555)    (14,186,891)
              Unearned compensation                                            (404,747)     (1,818,627)
              Accumulated other comprehensive loss                                 --           (13,125)
                                                                           ------------    ------------
                                 Total shareholders' deficit                 (2,958,174)     (1,981,058)
                                                                           ------------    ------------
                                                                           $  1,763,950    $  2,539,175
                                                                           ============    ============
</TABLE>


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


                                       3

<PAGE>

                       WALL STREET STRATEGIES CORPORATION
                                 AND SUBSIDIARY

                        FORM 10-QSB - SEPTEMBER 30, 2001

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                   Three months ended              Nine months ended
                                                       September 30,                  September 30,
                                                 ------------------------      -------------------------
                                                    2001          2000           2001             2000
                                                 ---------     ----------      ----------      ----------
<S>                                           <C>              <C>             <C>             <C>
REVENUE
     Subscription income                         $496,074      $1,247,042      $1,782,444      $3,881,353
     Consulting income                               --              --           217,000            --
     Interest and dividends                          --             8,426           6,587          36,681
     Realized (loss) gain on sale of
       marketable securities                     (124,576)           --          (124,576)         36,118
                                             ------------    ------------    ------------    ------------
                                                  371,498       1,255,468       1,881,455       3,954,152
                                             ------------    ------------    ------------    ------------

COSTS AND EXPENSES
     Salaries and commissions                     690,669       2,607,583       2,323,303       7,422,782
     Other operating expenses                     156,803         568,182         638,114       1,505,073
     Consulting fees                               22,884         102,253          78,527         702,827
     Payroll taxes and employee benefits           37,083         107,421         170,780         388,125
     Professional fees                            101,910         362,766         172,666         845,009
     Website development costs                       --            65,431            --           316,028
     Depreciation and amortization                151,429         106,497         454,055         241,310
     Rent and occupancy                            86,329          76,406         235,674         184,541
                                             ------------    ------------    ------------    ------------
                                                1,247,107       3,996,539       4,073,119      11,605,695
                                             ------------    ------------    ------------    ------------
LOSS BEFORE PROVISION
     FOR INCOME TAXES                            (875,609)     (2,741,071)     (2,191,664)     (7,651,543)
Provision for income taxes                           --             8,345            --            65,800
                                             ------------    ------------    ------------    ------------
NET LOSS                                        $(875,609)    $(2,749,416)    $(2,191,664)    $(7,717,343)
                                             ============    ============    ============    ============
Basic and diluted net loss per share               $(0.05)         $(0.16)         $(0.12)         $(0.45)
                                             ============    ============    ============    ============
Weighted average common shares outstanding     18,279,410      17,370,063      18,178,431      17,182,627
                                             ============    ============    ============    ============


</TABLE>




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




                                       4

<PAGE>



                       WALL STREET STRATEGIES CORPORATION
                                 AND SUBSIDIARY

                        FORM 10-QSB - SEPTEMBER 30, 2001

       CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (DEFICIT)

                      NINE MONTHS ENDED SEPTEMBER 30, 2001
                                  (UNAUDITED)












<TABLE>
<CAPTION>


                                                                                                              Total
                                                                                               Accumulated    share-
                                Common stock          Additional                                  other      holders'
                             ---------------------     paid-in     Accumulated     Unearned    comprehensive  equity  Comprehensive
                               Shares      Amount      Capital       deficit      compensation  income (loss) (deficit)    loss
                             ----------    -------    -----------   ------------- ------------  ---------- ---------- -------------
<S>                          <C>           <C>       <C>            <C>           <C>         <C>         <C>         <C>
BALANCE, JANUARY 1, 2001     18,109,680    $18,110    $14,019,475   ($14,186,891) ($1,818,627)  ($13,125) $(1,981,058)

Re-purchase of                  (41,250)       (41)      (233,595)                    233,534                    (102)
   employees stock
Amortization of stock
   compensation                    --         --             --             --      1,180,346       --      1,180,346

Preferred stock conversion      379,119        379         75,621                                              76,000

Preferred stock dividend                                  (54,821)                                            (54,821)

Marketable securities
   valuation adjustment            --         --             --                          --       13,125       13,125      $13,125

Net loss, nine months
   ended September 30, 2001        --         --             --       (2,191,664)        --         --     (2,191,664)  (2,191,664)
                             ----------  ----------    -----------   -----------    --------   ---------   ----------- ------------
Total comprehensive loss                                                                                               $(2,178,539)
                                                                                                                       ------------
BALANCE, SEPTEMBER 30, 2001  18,447,549    $18,448    $13,806,680   ($16,378,555)   ($404,747)      --    $(2,958,174)
                             ==========    =======    ===========   ============    =========  =========  ============
</TABLE>


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

                                        5

<PAGE>

                       WALL STREET STRATEGIES CORPORATION
                                 AND SUBSIDIARY

                        FORM 10-QSB - SEPTEMBER 30, 2001


                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)


<TABLE>
<CAPTION>
                                                                   Nine months ended
                                                                    September 30,
                                                             ------------------------------
                                                                 2001             2000
                                                             -------------   --------------
<S>                                                          <C>             <C>
INCREASE (DECEASE) IN CASH AND CASH EQUIVALENTS

CASH FLOWS FROM OPERATING ACTIVITIES
                                                              ($2,191,664)  ($7,717,343)
    NET  LOSS

        ADJUSTMENTS TO RECONCILE NET LOSS TO NET
        CASH USED IN OPERATING ACTIVITIES
             Depreciation and amortization                        454,055       241,310
             Realized loss (gain) on sale of marketable
               securities                                         124,576       (36,118)
             Stock compensation                                 1,180,346     4,607,298
             Deferred rent                                         12,684         2,535
             Marketable securities received                      (177,000)         --

    CHANGES IN OPERATING ASSETS AND LIABILITIES
              Accounts receivable                                  12,120        36,622
              Deferred commission expenses                         88,311       (83,031)
              Other assets                                        177,330       114,097
              Accounts payable and accrued expenses               380,152       679,580
              Accrued compensation                                  8,944       (80,251)
              Income taxes payable                                      0         6,231
              Deferred subscription income                       (252,315)      377,559
              Accrued pension expense                                   0      (100,000)
                                                              -----------   -----------
         Net cash used in operating activities                   (182,461)   (1,951,511)
                                                              -----------   -----------
    CASH FLOW FROM INVESTING ACTIVITIES

      Purchase of property and equipment                           (4,603)     (751,654)
      Deferred website development costs paid                        --        (187,577)
      Proceeds from the sale of marketable securities              66,003        64,045
                                                              -----------   -----------
         Net cash provided by (used in) investing activities       61,400      (875,186)
                                                              -----------   -----------
    CASH FLOW FROM FINANCING ACTIVITIES
      Proceeds from issuance of preferred stock                         0     1,000,000
      Re-purchase of employees stock                                 (102)            0
      Proceeds from loan payable                                   50,000             0
      Repayment of capitalized lease obligations                  (36,249)      (47,070)
      Proceeds from shareholder loan                               59,854        50,000
                                                              -----------   -----------
         Net cash provided by financing activities                 73,503     1,002,930
                                                              -----------   -----------
    NET DECREASE IN CASH AND CASH EQUIVALENTS                     (47,558)   (1,823,767)

    CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOND                82,139     2,506,505
                                                              -----------   -----------
    CASH AND CASH EQUIVALENTS, END OF PERIOD                  $    34,581   $   682,738
                                                              ===========   ===========

    SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
      Interest paid                                           $    25,454   $     9,048
      Income taxes paid                                       $      --     $    51,641
                                                              ===========   ===========

</TABLE>


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

                                       6

<PAGE>





                WALL STREET STRATEGIES CORPORATION AND SUBSIDIARY

                        FORM 10-QSB - September 30, 2001

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


1        BASIS OF PRESENTATION

         The accompanying  unaudited condensed consolidated financial statements
         have been prepared in accordance with accounting  principles  generally
         accepted  in  the  United  States   applicable  to  interim   financial
         statements. Accordingly, they do not include all of the information and
         notes  required  for a complete  set of  financial  statements.  In the
         opinion of management, all adjustments and reclassifications considered
         necessary for a fair and comparable presentation have been included and
         are of a normal  recurring  nature.  Operating  results  for the  three
         months and nine months ended  September 30, 2001,  are not  necessarily
         indicative  of the  results  that may be  expected  for the year ending
         December 31, 2001. These condensed  consolidated  financial  statements
         should be read in conjunction with the December 31, 2000,  consolidated
         financial  statements and notes thereto  included in the Company's Form
         10-KSB  filed  with  the  Securities  and  Exchange   Commission.   The
         accounting   policies  used  in  the  preparation  of  these  condensed
         consolidated  financial  statements are consistent with those described
         in the December 31, 2000, consolidated financial statements.


2        THE COMPANY

         ORGANIZATION

         Wall Street Strategies  Corporation (the "Company"),  formerly Vacation
         Emporium Corporation,  was originally formed as a Nevada corporation on
         April 2, 1999,  and is the  surviving  entity in a merger with its then
         corporate parent, The Vacation Emporium International, Inc., a Colorado
         corporation  formed  under the name Rising Sun Capital  Ltd. on May 12,
         1988.

         REVERSE ACQUISITION

         Effective   September  23,  1999,  the  Company  acquired  all  of  the
         outstanding  common stock of Wall Street Strategies,  Inc. ("WSSI"),  a
         Delaware  corporation,  pursuant  to an  Agreement  and  Plan of  Share
         Exchange (the "Exchange Agreement") dated July 30, 1999.

         Under the terms of the Exchange  Agreement,  the Company  issued to the
         sole  shareholder  of WSSI,  9,455,898  shares of the Company's  common
         stock in exchange for all of the issued and outstanding common stock of
         WSSI. This issuance represented approximately 53.84% of the post-merger
         issued and  outstanding  common shares of the Company.  For  accounting
         purposes,  this  transaction  has been treated as an acquisition of the
         Company by WSSI and as a  recapitalization  of WSSI. The acquisition of
         the  Company by WSSI has been  recorded  based on the fair value of the
         Company's net tangible assets, which consisted of cash in the amount of
         $13,350. The Company,  prior to the acquisition,  was an inactive shell
         company. All costs associated with this transaction have been expensed.

         In connection with, and in contemplation of this  transaction,  on July
         30, 1999, the Company sold 1,258,205  shares of common stock for $.0025
         per  share  to  certain  key  employees  of  WSSI,  and  to  two  other
         individuals who entered into employment agreements with the Company.

         Additionally,  on September 23, 1999, the Company completed the sale of
         600,000  shares  of  common  stock at  $5.00  per  share  in a  private
         placement to certain accredited investors.

                                       7

<PAGE>


2        THE COMPANY (continued)

         BUSINESS

         The  Company,   through  its  subsidiary  (WSSI),  provides  investment
         research  and  related   information   services  for   individual   and
         institutional  investors and financial  professionals.  WSSI, which was
         founded  in  1991,  delivers  its  products  and  services,   including
         financial and market information,  analysis,  advice and commentary, to
         subscribers through a variety of media including telephone,  facsimile,
         e-mail, audio recordings,  newsletters,  the Internet, wireless devices
         and traditional mail.


3        GOING CONCERN

         The accompanying  condensed consolidated financial statements have been
         prepared  assuming the Company will  continue as a going  concern.  The
         Company  has  incurred  significant  losses  from  operations  and  has
         generated  insufficient  operating  revenue  to fund its  expenses.  In
         addition,  at  September  30, 2001,  the Company had a working  capital
         deficiency of approximately $3.5 million.  These factors, among others,
         raise  substantial  doubt about the Company's  ability to continue as a
         going  concern.  The  ability  of the  Company to  continue  as a going
         concern is contingent  upon it obtaining  additional debt and/or equity
         capital financing.  The accompanying  condensed  consolidated financial
         statements  do not include any  adjustments  that might result from the
         outcome of this uncertainty.

         In contemplation of obtaining additional financing,  the Company signed
         a Letter of Agreement on January 25, 2001,  with Swartz Private Equity,
         LLC ("Swartz"),  for a $10,000,000  irrevocable  equity line of credit.
         The Company has halted its efforts to move  forward on this equity line
         of credit.

         On September 17, 2001,  the Company  received a loan for $50,000 from a
         potential investor. The terms and conditions of this loan have not been
         finalized.  The Company has  recorded  this as a loan  payable in these
         condensed consolidated financial statements.

         The Company is currently  exploring other financing  alternatives.  The
         lack of an  immediate  capital  infusion  could  cause the  Company  to
         exhaust all of its remaining capital reserves and would have a material
         adverse effect on the Company's  business and results of operations and
         its ability to continue as a going concern.

         Management  anticipates that any equity financing or interim  financing
         would be expected to result in  substantial  dilution to the holders of
         the  Company's  common stock.  In any event,  there can be no assurance
         that  additional  financing  will be available on terms and  conditions
         acceptable  to the  Company,  if  available  at all. If such  financing
         cannot be obtained, the Company would be required to reduce or postpone
         expenditures and may be forced to curtail certain or all operations.


4        CAPITALIZED LEASE OBLIGATIONS

         The Company has financed a portion of its computer equipment  purchases
         in the  form of  capitalized  leases.  Each  lease  is  three  years in
         duration,  bearing  interest at rates  ranging  between 11% and 13% per
         annum.

         Interest  expense under the capitalized  lease  obligations was $10,825
         and $36,279 for the three and nine months ended September 30, 2001.

         The  Company  is  currently  in  default  of  its   capitalized   lease
         obligations  and  accordingly,  all amounts due have been classified as
         current in the accompanying condensed consolidated balance sheet.


                                       8


<PAGE>


  5      COMMITMENTS AND CONTINGENCIES

         LEASES

         On  November  23,  1999,  the  Company  entered  into a ten-year  lease
         agreement for office space located in New York City. In accordance with
         the terms of the lease agreement, the Company issued a letter of credit
         to the  Landlord in the  approximate  amount of $272,000  for which the
         Company is  required  to  maintain a cash  deposit as  collateral  in a
         separate interest bearing account.

         On April 18, 2001,  as a result of the Company  defaulting  on its rent
         obligation,  the  Landlord  drew  down  the  letter  of  credit  and is
         currently in possession of $270,592,  which is being held as a security
         deposit.

         During  the  first  quarter  of 2001,  the  Landlord  filed a notice of
         non-payment  (petition)  seeking  eviction,  naming the  Company as the
         defendant,  and relating to the default on the lease for the  Company's
         premises at 80 Broad  Street,  New York,  NY. The  petitioner  landlord
         requested  a  final  judgment  awarding  possession  of  the  Company's
         premises to the Landlord.  In addition,  the petition sought a judgment
         for $174,213 for rent in arrears, interest,  attorney fees, and related
         other trial costs.

         On August 8, 2001, the Company  reached a settlement  with the Landlord
         and  the  execution  of the  warrant  of  eviction  was  stayed  on the
         condition that the Company pay $73,678  simultaneous with the execution
         of the agreement and prior to the tenth day of each month,  the Company
         pay current  rent,  utilities  and taxes plus  $10,000 in past due rent
         until  all the  arrears  are paid in full.  Upon  full  payment  of all
         amounts due, the  Landlord  will return the $270,592  from the original
         Letter of Credit  that was drawn and being held as a security  deposit,
         and the Company will replenish the Letter of Credit in the same amount.
         Furthermore,  the  Company  agreed that in the event of any default the
         warrant of eviction  should execute without any further notice from the
         Landlord.  As of September 30, 2001, the Company owed $90,535 under the
         terms of this agreement.

         EMPLOYMENT AGREEMENTS

         On July 30, 1999,  in  conjunction  with and, in  contemplation  of the
         Exchange  Agreement  discussed  in Note 1, the Company  entered into an
         employment  agreement  with  its  largest  shareholder  who is also the
         President and Chief Executive  Officer of the Company.  The term of the
         agreement  is for three  years,  commencing  September  23,  1999,  and
         provides  for a current  base salary of $302,500  per annum with annual
         bonuses of up to $250,000 per year dependent  upon the Company  meeting
         specified  revenue  targets.  The agreement may be terminated by mutual
         consent or by the Company for cause.  At September 30, 2001, the amount
         payable  to  the  President  and  Chief  Executive  Officer  under  the
         employment  agreement  is  $158,590  and is  included  in  the  accrued
         expenses in the accompanying condensed consolidated balance sheet.

         On April 7, 2000, the Company entered into an employment agreement with
         its Chief Operating Officer. The agreement has a term of three years at
         a current  annual base salary of $192,500,  subject to annual review by
         the Board of  Directors  for  possible  increase.  The  agreement  also
         provides for an annual incentive bonus of up to 50% of base salary.

         In addition,  in accordance with the terms of the employment agreement,
         on April 7, 2000,  the Company  granted to the executive a stock option
         to purchase 500,000 shares of the Company's common stock at an exercise
         price of $7.50 per share.  The  intrinsic  value of these  options  was
         measured  using a share  price of  $10.50  per share  and  resulted  in
         unearned compensation of $1,500,000.

         On October 17, 2000,  the Company  entered  into an agreement  with its
         Chief Operating Officer to cancel the option to purchase 500,000 shares
         of the Company's common stock that had been issued on April 7, 2000. At
         the same time, the Chief Operating  Officer purchased 500,000 shares of
         the  Company's  common  stock at $.0025  per  share,  all of which were
         deposited into escrow.

                                       9

<PAGE>



5       COMMITMENTS AND CONTINGENCIES (continued)

         EMPLOYMENT AGREEMENTS (continued)

         This  transaction  resulted  in  additional  unearned  compensation  of
         $936,250.  These  shares are to be  released  from  escrow as  follows:
         250,000  shares on December 6, 2000, and 50,000 shares on each of March
         6, 2001, June 6, 2001,  September 6, 2001,  December 6, 2001, and March
         6, 2002.  For the nine months ended  September  30, 2001,  $607,125 has
         been charged to operations as a result of these transactions.

         At  September  30,  2001,  the amount  payable  to the Chief  Operating
         Officer  under the  employment  agreement is $96,149 and is included in
         the accrued expenses in the accompanying condensed consolidated balance
         sheet.


         LEGAL PROCEEDING

         ZIA PROPERTIES

         In December 2000,  Zia  Properties  initiated an action in the District
         Court of El Paso County, Colorado against Vacation Emporium Corporation
         (as survivor of a merger with Vacation  Emporium  International,  Inc.)
         and Vacation  Emporium  Marketing  Inc., the for failure to pay certain
         amounts  due  under  a March  5,  1999,  lease  agreement  between  Zia
         Properties and Vacation Emporium International, Inc. The amount claimed
         by Zia Properties in this action is approximately $104,000.

         Based on the representations and discussions between the Company (which
         was  formerly  known as Vacation  Emporium  Corporation)  and  Vacation
         Emporium  Marketing Inc., the Company  believes that Vacation  Emporium
         Marketing  Inc., is solely  responsible for any and all amounts owed to
         Zia Properties under the lease agreement.

         Vacation  Emporium  Marketing Inc., is currently  attempting to reach a
         settlement of Zia Properties'  claim against all of the defendants.  It
         is  uncertain  whether  this  settlement  effort  will  be  successful.
         However,  the  Company  has  engaged  local  counsel to  represent  its
         interests in this  litigation  and has received a judgment  against the
         principals  of  Vacation  Emporium   Marketing  for  an  amount  to  be
         determined based on any judgment  brought against the Company.  A trial
         date has been set for  September 3, 2002,  unless a  settlement  can be
         reached prior to this date. The Company can make no assurance, however,
         regarding the settlement or its liability relating to this claim. As of
         September 30, 2001, the Company has not accrued any amounts  related to
         this claim.

         AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY

         American  Express Travel  Related  Services  Company,  Inc. has filed a
         summons and complaint for delinquencies in the amount of $259,933, plus
         $38,990  in  legal  fees,  relating  to  amounts  due on the  Company's
         corporate credit card account.  The Chief Executive  Officer,  a former
         employee,  and the  Company  have been  named as  defendants.  American
         Express is seeking a judgment  against  the  defendants  for  corporate
         credit card breach of contract, in the sum of $298,923. The Company has
         filed a response and is contesting  certain elements of the summons and
         complaint.   As  of  September  30,  2001,   the  Company  has  accrued
         approximately $250,000 related to the summons and complaint.

         PENDING CREDITORS CLAIMS

         The  Company  is  delinquent  on most  of its  trade  payables  and has
         defaulted on its capitalized lease obligations.  The delinquencies with
         vendors  and the  default  on the  capitalized  lease  obligations  has
         prompted several  creditors to threaten legal  collection  action or in
         some cases file a complaint and summons for amounts due on trade credit
         extended to the Company.

                                       10

<PAGE>


5        COMMITMENTS AND CONTINGENCIES (continued)

         LEGAL PROCEEDINGS (continued)

         The actions taken by creditors  including  the secured  creditor on the
         capitalized  lease  obligations  will force the  Company to incur legal
         fees  and  devote   resources  to  defending  these  actions.   Without
         additional  financing,  the  Company  lacks the  capital  that would be
         necessary to properly defend these claims.  In addition,  the creditors
         provide vital  services and equipment that if  discontinued,  may cause
         disruptions in the Company's ordinary business activities and limit the
         Company's ability to conduct normal business operations going forward.


6        MANDATORY REDEEMABLE PREFERRED STOCK

         On  August  18,  2000,  the  Company  sold 10  shares  of its  Series A
         Convertible  Preferred Stock and a warrant exercisable over a five-year
         period,  to purchase 80,000 shares of the Company's  common stock at an
         exercise  price of $3.00 per  share,  for  aggregate  consideration  of
         $1,000,000. The Company realized net proceeds of $995,000 after payment
         of certain  expenses of such investor,  but before expenses  related to
         the preparation of the Registration  Statement,  as discussed below. In
         connection  with this  transaction,  on October 16,  2000,  the Company
         filed  a  registration  statement  with  the  Securities  and  Exchange
         Commission  relating  to the  resale  of the  shares  of  common  stock
         issuable upon  conversion of the Series A Convertible  Preferred  Stock
         and upon exercise of the warrant.

         Pursuant  to the  terms of the  subscription  agreement  (covering  the
         issuance of the Series A Preferred  Stock), if the registration has not
         been  declared  effective,  the Company is  obligated  to pay an amount
         equal to 2% of the face value of the  preferred  stock for every 30 day
         period,  commencing  on  December  1, 2000,  in the form of  liquidated
         damages.   The  Company  has  recorded   charges  of  $180,000  in  the
         accompanying  condensed  consolidated  statement of operations  for the
         nine months ended  September 30, 2001,  relating to this  provision and
         will   continue  to  accrue   charges   until  there  is  an  effective
         registration.  Commencing with the effective date of the  registration,
         the Company has the right to redeem the shares of Series A  Convertible
         Preferred Stock then outstanding upon 10 days notice and payment to the
         purchaser of an amount equal to 125% of the stated value.

         During 2001, Series A Convertible  Preferred Stock, with a stated value
         of $76,000  together  with  cumulative  dividends  of $2,409  have been
         converted  into  379,119  shares  of  the  Company's  common  stock  in
         accordance with the terms of the Series A Convertible Preferred Stock.


7        STOCK COMPENSATION

         In connection with, and in contemplation of the Exchange Agreement,  on
         July 30, 1999,  the Company sold  1,258,205  shares of common stock for
         $.0025 per share to certain key employees (10 individuals) of WSSI. The
         issuance of these shares gave rise to unearned  compensation  which has
         been fully  amortized  as of September  30,  2001.  For the nine months
         ended  September  30, 2001,  $573,221 has been expensed and included in
         the accompanying condensed consolidated statements of operations.

         In  February  and  March  2001,  three  individuals   terminated  their
         employment with the Company.  The Company has repurchased 41,250 shares
         of  previously  issued  common  stock at $.0025  per share  from  these
         individuals  in  accordance  with  the  terms  of  their   subscription
         agreement.

 8       CONSULTING INCOME

         During 2001, the Company  recognized  $217,000 in consulting income for
         services  rendered  by the  Company's  President  and  Chief  Executive
         Officer. As payment for such services,  the Company received $40,000 in
         cash, and marketable securities with a fair market value of $177,000.

                                       11

<PAGE>


  8      CONSULTING INCOME (continued)

         In the quarter  ended  September  30,  2001,  the Company  sold all the
         securities  received  for  proceeds of $66,003  resulting in a realized
         loss of approximately $111,000.


 9       SUBSEQUENT EVENT

         STEVENS COMMUNICATIONS, INC.

         Stevens  Communications,   Inc.  (the  "Plaintiff")  filed  a  summons,
         verified compliant stating that Wall Street Strategies was in breach of
         their  Sales  Agreement  for failing to make  payments of $166,141  for
         hardware,  software  and  professional  services  when  due.  The Sales
         Agreement is for the purchase of the Company's CTI/telephone equipment.

         The Company  received the summons on November 09, 2001,  and has yet to
         respond to this  complaint.  The Company intends to dispute the summons
         and contest the amount due.



                                       12

<PAGE>



ITEM 2            MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS
                  AND FINANCIAL CONDITION

THE FOLLOWING  ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL  CONDITION OF
THE  COMPANY  SHOULD  BE READ IN  CONJUNCTION  WITH THE  CONDENSED  CONSOLIDATED
FINANCIAL  STATEMENTS,  INCLUDING THE NOTES  THERETO,  OF THE COMPANY  CONTAINED
ELSEWHERE IN THIS FORM 10-QSB.

OVERVIEW

Since its founding in 1991, the Company has engaged in the business of providing
investment  research and information  services for  institutional and individual
investors and financial  professionals.  The Company has historically  delivered
its products,  including financial and market information,  analysis, advice and
commentary,  to paying  subscribers  through a variety of media including phone,
fax,  e-mail,  audio  recordings,  newsletter  and  traditional  mail.  Sales of
subscriptions to the Company's  subscribers have predominantly been comprised of
institutional investors and financial professionals.

During the third quarter 2001, the Company  continued to execute on its business
strategy to increase the total number of its subscribers,  including significant
numbers  of  individual  investors.   The  Company  continued  to  use  its  web
destination to build brand  awareness,  and attract paying  subscribers  for its
products.  If the Company is unable to attract  financing  (as  discussed in the
"Going  Concern"  section)  it will be  severely  limited  in  executing  on its
strategy of  increasing  the number of  subscribers  and realizing the potential
from its website.  Furthermore,  continuing  downturns  in the US Equity  Market
could  adversely  affect the Company's  revenues and its ability to succeed with
web initiatives, strategic partnerships, and building brand awareness.

The  Company  has  benefited  from  its CEO and  spokesperson,  Charles  Payne's
prominence as an analyst to whom the media regularly turns for expert commentary
on the equity  markets.  Mr. Payne  appears daily on the Yahoo!  Finance  Vision
30-minute market wrap-up segment, Yahoo!  Technology Investor,  which has gained
popularity among Yahoo!  viewers.  We believe that the interactive nature of the
show,  combined  with the media  exposure it  provides,  has been  effective  in
building traffic and visitors to Wall Street Strategies Web destination, as well
as  adding  new users to its base.  In  addition,  the  Company  receives  media
exposure from Mr. Payne's appearances on ABC World News, BBC Television,  CNNfn,
CBS Market Watch and other  finance-oriented  programming.  The Company plans on
continuing its strategy of gaining media exposure to build brand recognition and
to promote its products.

The Company will continue to develop its website during 2001, and, to the extent
its resources  permit,  will embark upon a marketing and advertising  program to
promote its brand and products. Currently, the Company does not have the capital
to embark on a marketing and  advertising  program.  If the Company is unable to
attract  the capital  financing  that it is  seeking,  it is  unlikely  that any
marketing and advertising programs will take place.

The  Company  will  also  pursue  additional  strategic  relationships  and,  as
appropriate,  hire additional  personnel,  including management  personnel,  and
purchase  additional  computer systems and software,  within its  aforementioned
financing limitations. The Company has not had any significant revenues from its
alliances to date.

During  the first  nine  months of 2001,  the  investor  services  industry  was
adversely  affected by the downturn  experienced in the US Equity  Markets.  The
Company's  revenues and overall business  activity were  significantly  lower as
compared to the third quarter 2000 when the equity market  conditions  were more
favorable.  The Company  continued  to implement  cost  cutting  measures it had
started  in the  fourth  quarter  of 2000 and was  successful  in  significantly
lowering its cost of operations  during the first nine months of 2001.  The cost
cutting measures only partially  offset the significant  reduction in revenue as
the Company  continued to incur operating  losses in the third quarter 2001. The
Company's  revised strategy of cost cutting measures and streamlining  operating
costs  wherever  possible  is expected to curtail  operating  losses  during the
remainder of 2001.  The full  implementation  of the cost  cutting  measures and
strategy is contingent on the Company obtaining financing that would provide the
capital necessary for continued  operations.  At September 30, 2001, the Company
had a working capital  deficiency of approximately  $3.5 million.  These factors
(among others) raise  substantial  doubt about the Company's


                                       13

<PAGE>




ability to continue as a going  concern.  The ability of the Company to continue
to operate as a going concern is contingent  upon its obtaining  additional debt
and/or equity capital. If it is unable to obtain additional financing there will
be a certain depletion of available capital.  The severe limitations  imposed by
the resulting capital deficiency will cause a certain interruption in continuing
business.

The Company is delinquent on most of its trade payables and has defaulted on its
capitalized lease obligations. The delinquencies with vendors and the default on
the capitalized  lease  obligations has prompted  several  creditors to threaten
legal  collection  action or in some  cases file a  complaint  and  summons  for
amounts due on trade credit  extended to the Company.  In addition,  the Company
defaulted  on its lease  obligation  for the rental of its  premises at 80 Broad
Street New York, NY. On August 8, 2001, the Company entered into a settlement on
its lease to pay $10,000 per month in past due rent until the balance is paid in
full. As of September 30, 2001, the Company owed $90,535 under the terms of this
settlement. The Company currently owes $70,535.

The actions taken by creditors including the secured creditor on the capitalized
lease  obligations and the landlord,  will force the Company to incur legal fees
and devote substantial resources to defending these actions.  Without additional
financing,  the Company  lacks the capital  that would be  necessary to properly
defend these  claims.  In addition,  the creditors  provide  vital  services and
equipment  that, if  discontinued,  would cause there to be  disruptions  in the
Company's  ordinary course of business and severely limit the Company's  ability
to conduct normal business operations going forward.

As of September 30, 2001, the Company had approximately 5,000 subscribers. As of
such date,  the Company also had  approximately  9,700  registered  users of the
Company's  products  provided for free on its website.  The Company  anticipates
that some of such users will be converted into paying subscribers.  Subscription
revenue for the three and nine months ended September 30, 2001, was $496,074 and
$1,782,444,  respectively.  For the three and nine months  ending  September 30,
2000,  subscription  revenue was $1,247,042 and  $3,881,353,  respectively.  The
Company is  positioned  to  improve  revenues  in the event of an equity  market
rebound as Charles Payne the Company's chief analyst and spokesperson  continues
to gain  exposure  in the media as a  respected  Wall  Street  professional  and
analyst. In addition,  equity ownership in US households remains at historically
high levels,  which bodes well for the marketing of the  Company's  products and
services.

RESULTS OF OPERATIONS

Total  revenue for the three and nine  months  ended  September  30,  2001,  was
$371,498 and $1,881,455,  respectively. These amounts represented decreases from
the  three  and  nine  months  ended   September  30,  2000,  of  70%  and  52%,
respectively.  Revenue for the three month and nine month period ended September
30, 2000,  was  $1,255,468 and  $3,954,152,  respectively.  Income from sales of
subscriptions to the Company's products  represented nearly all of the Company's
revenue in both periods with the exception of  consulting  income of $217,000 in
the second quarter 2001. The decrease in subscription revenue resulted primarily
from the adverse affect on the Company's  business  attributable to the downturn
in the US equity markets experienced during the first nine months of 2001.

The Company had a realized loss on the sale of marketable securities of $124,576
in the three and nine months ended  September  30, 2001.  This  compared with no
realized  gain and a $36,118 gain for the three and nine months ended  September
30, 2000, respectively.

The Company's decline in revenues was offset by decreases in operating expenses,
for the three and nine months ended September 30, 2001. A substantial portion of
the  Company's   operating   expenses  continue  to  be  the  operating  expense
attributable  to  stock  compensation   earned  and  charged  to  operations  in
connection  with the  issuance  of shares of Common  Stock and below fair market
value option  grants to certain key employees and  management  personnel.  Total
operating  expenses  decreased from approximately $4.0 million and $11.6 million
for the three  and nine  months  ended  September  30,  2000,  respectively,  to
approximately  $1.2 million and $4.1 million for the three and nine months ended
September 30, 2001, respectively.  These amounts represent a decrease of 70% for
the three month period and a 65% decrease for the nine month period, as compared
to the same prior year periods.  Included in operating expenses are salaries and
commissions  of $690,669  and  $2,323,303  for the three and nine  months  ended
September 30, 2001,  respectively,  and  $2,607,583 and $7,422,782 for the three
and nine months ended September 30, 2000, respectively.  These amounts represent
a  decrease  of 74%  for  the  comparable  three  month  period  and 69% for the
comparable  nine month period in 2000.  Included


                                       14

<PAGE>



in salaries  and  commissions  for the three month and nine month  period  ended
September 30, 2001, are $383,278 and $1,180,346  respectively,  related to stock
compensation.  Excluding  stock  compensation,  salaries and commissions for the
three months period ending  September 30, 2001 was $307,391,  a decrease of 71%,
over the comparable  period in 2000. For the nine months period ending September
30, 2001,  salaries and  commission,  exclusive of the expense  related to stock
compensation  would have been  $1,142,957 a decrease of 65% over the  comparable
period in 2000.  Payroll  taxes and employee  benefits  decreased to $37,083 and
$170,780 for the three and nine months ended  September 30, 2001,  respectively,
as compared  to  $107,421  and  $388,125  for the three and nine  months  ending
September 30, 2000,  respectively.  This represents decreases of 65% and 56% for
the three and nine  months  ending  September  30,  2001 as compared to the same
prior year periods.  The decrease in salaries and commissions in the 2001 period
is   attributable   primarily  to  lower  variable  sales   commission  paid  on
significantly  lower sales and reductions in staff. If the Company is successful
in obtaining the financing it is seeking,  the Company  anticipates that it will
recruit sales,  research,  and executive  personnel  going forward.  The Company
further anticipates  additional charges to expense for stock compensation during
the remainder of 2001,  resulting  from the  amortization  of existing  unearned
compensation.

During the three and nine months ended September 30, 2001, the Company  incurred
consulting  fees of $22,884 and $78,527,  respectively,  as compared to $102,253
and $702,827,  respectively,  for the three and nine months ended  September 30,
2000. In line with its implementation of cost-cutting  measures, the technology,
financial,  and other  consulting  fees were  significantly  reduced in the 2001
period.  Included in the 2000 period, were stock compensation earned and charged
to  expense  for  compensation  paid  to a  public  relations  firm.  The  stock
compensation  portion of the  consulting  fees  recorded  for the three and nine
months  ended  September  30,  2001,  were zero  compared to zero and  $480,430,
respectively, for the three and nine months ending September 30, 2000.

Rent and  occupancy  costs  increased  to  $86,329  for the three  months  ended
September 30, 2001,  from $76,406 in the comparable  period.  Rent and occupancy
costs  increased to $235,674 from $184,541 for the nine months ending  September
30, 2001 and 2000,  respectively.  This overall  increase is attributable to the
leasing of  additional  space that the Company  took  occupancy of in July 2000.
Accordingly,  the Company anticipates  increases in its rent and occupancy costs
during the remainder of 2001 and in subsequent years.

The Company experienced  decreased costs and expenses in a number of other areas
for the  2001  period  as a result  of the  implementation  of its  cost-cutting
strategy. The significant changes are summarized as follows:


<TABLE>
<CAPTION>

                            For the three months ended                      For the nine months ended
                                                          % Increase or                                  % Increase or
Expense                    9/30/2001      9/30/2000       (Decrease)      09/30/2001     9/30/2000        (Decrease)
---------------            ---------      ---------       ----------      -------------  ---------        ----------
<S>                       <C>             <C>            <C>             <C>             <C>                <C>

Telephone and              $ 23,775       $  44,882             (47%)     $ 64,793       $  244,323             (73%)
 communication costs
Travel and promotion       $ 3,646        $ 326,965             (99%)     $ 28,579       $  693,907             (96%)
 costs
Website Development        $      -       $ 102,926       Not applicable  $     -        $  417,777       Not applicable
 costs
General,                   $  129,382     $ 196,035             (34%)     $ 544,742      $  566,843              (4%)
administrative and other
operating costs

</TABLE>


The Company incurred  depreciation  and  amortization  expense for the three and
nine months ended  September 30, 2001,  of $151,429 and $454,055,  respectively.
This compares to depreciation and amortization  expense of $106,497 and $241,310
for the three and nine months  ending  September  30,  2000,  respectively.  The
increase in the 2001  period is  primarily a result of  increased  property  and
equipment purchases, capitalized leases, and the amortization of capitalized web
development costs in the second half of 2000.


                                       15

<PAGE>



The Company  also  incurred  professional  fees of $101,910 and $172,666 for the
three and nine months ended September 30, 2001,  respectively.  This compares to
professional  fees of $362,766  and $845,009 for the three and nine months ended
September  30,  2000,  respectively.  The 2000 period  expenses  were  primarily
attributable  to the Company's  expansion  and the Company  becoming a reporting
issuer.

The Company  experienced  a net loss for the three  months ended  September  30,
2001,  of  $875,609  or $0.05 per share as  compared to a net loss for the three
months ended  September 30, 2000, of $2,749,416 or $0.16 per share.  The Company
experienced  a net  loss  for  the  nine  months  ended  September  30,  2001 of
$2,191,664  or $0.12 per  share as  compared  to a net loss for the nine  months
ended September 30, 2000, of $7,717,343 or $0.45 per share.  Management believes
that the decrease in the  Company's  net loss was primarily due to the reduction
in operating costs as a result of the  implementation  of cost-cutting  measures
that were  initiated  in the latter part of 2000.  The lowered  operating  costs
partially  offset the significant  decrease in sales  attributable to the equity
market  conditions and its impact on the investor  service  industry  during the
first nine months of 2001.

Although the Company cannot accurately determine the precise effect of inflation
on its  operations,  it does not believe that inflation has had, or will have, a
material effect on its sales or results of operations.

LIQUIDITY AND CAPITAL RESOURCES

Net cash used in operating  activities  for the nine months ended  September 30,
2001,  was  $182,461  compared  to net  cash  used in  operating  activities  of
$1,951,511  for the nine months ended  September 30, 2000.  The decrease in cash
used in operations  was  primarily  due to a  significant  decrease in operating
liabilities incurred in connection with the implementation of the Company's cost
reduction  strategy.  Net cash  provided by  investing  activities  for the nine
months ended  September  30, 2001,  was $61,400  compared  with net cash used in
investing  activities of $875,186 for the nine months ended  September 30, 2000.
The decrease in cash used in investing  activities was primarily a result of the
Company's  reduction  and  postponement  of  capital   expenditures,   equipment
purchases,  and web  development  initiatives.  Net cash  provided by  financing
activities  was $73,503 for the nine months ended  September 30, 2001,  compared
with  $1,002,930 for the nine months ended September 30, 2000. The cash provided
in financing activities in the 2001 period was primarily the result of a loan of
$50,000 from a potential  investor and an additional $59,854 to the Company from
its  principal  shareholder  bringing  his total loan  amount to  $109,854 as of
September 30, 2001.

The Company  anticipates  continuing  cash  requirements to finance its business
operations (see discussion of "going concern").

GOING CONCERN

The Company has incurred  significant  losses from  operations and has generated
insufficient  operating revenue to fund its expenses.  In addition, at September
30,  2001,  the  Company  had a  working  capital  deficiency  of  approximately
$3,500,000.  These  factors,  among others,  raise  substantial  doubt about the
Company's ability to continue as a going concern.  The ability of the Company to
continue as a going  concern is  contingent  upon it obtaining  additional  debt
and/or equity capital financing.

In contemplation of obtaining additional financing,  the Company signed a Letter
of Agreement on January 25, 2001,  with Swartz Private  Equity,  LLC ("Swartz"),
for a $10,000,000  irrevocable equity line of credit. The Company has halted its
efforts to move forward on this equity line of credit.

On September 17, 2001, the Company  received a loan for $50,000 from a potential
investor.  The terms and  conditions of this loan have not been  finalized.  The
Company has  recorded  this as a loan  payable in these  condensed  consolidated
financial statements.

The Company is currently exploring other financing alternatives.  The lack of an
immediate  capital  infusion  could  cause the  Company  to  exhaust  all of its
remaining  capital  reserves  and would  have a material  adverse  effect on the
Company's  business and results of  operations  and its ability to continue as a
going concern.

Management  anticipates that any equity financing or interim  financing would be
expected  to result in  substantial  dilution  to the  holders of the  Company's
common stock. In any event, there can be no

                                       16

<PAGE>



assurance that additional  financing,  will be available on terms and conditions
acceptable  to the Company,  if available  at all. If such  financing  cannot be
obtained,  the Company  would be  required  to reduce or postpone  expenditures,
particularly  with respect to advertising and  promotional  campaigns and may be
forced to curtail certain or all operations.


FORWARD LOOKING STATEMENTS

         This Form 10-QSB and other  reports  filed by the Company  from time to
time with the Securities and Exchange  Commission  (collectively  the "Filings")
contain or may contain forward looking statements and information that are based
upon  beliefs  of,  and  information   currently  available  to,  the  Company's
management  as  well  as  estimates  and  assumptions   made  by  the  Company's
management.

         When used in the filings the words "anticipate", "believe", "estimate",
"expect",  "future",  "intend", "plan" and similar expressions as they relate to
the Company or the Company's  management  identify  forward looking  statements.
Such  statements  reflect the current view of the Company with respect to future
events and are subject to risks,  uncertainties and assumptions  relating to the
Company's  operations and results of operations  and any businesses  that may be
acquired  by the  Company.  Should one or more of these  risks or  uncertainties
materialize,  or should  the  underlying  assumptions  prove  incorrect,  actual
results may differ  significantly from those anticipated,  believed,  estimated,
intended or planned.




                                       17


<PAGE>


                       WALL STREET STRATEGIES CORPORATION
                        FORM 10-QSB - SEPTEMBER 30, 2001

                                     PART II
                                OTHER INFORMATION

ITEM 1     LEGAL PROCEEDINGS

ZIA PROPERTIES

In late December 2000, Zia Properties ("the  Plaintiff")  initiated an action in
District Court, El Paso County,  Colorado against Vacation Emporium  Corporation
(as  survivor  of a merger  with  Vacation  Emporium  International,  Inc.)  and
Vacation Emporium Marketing,  Inc., for failure to pay certain amounts due under
a March 5, 1999,  Lease  Agreement  between Zia  Properties  (as  Landlord)  and
Vacation  Emporium  International,  Inc. (as Tenant).  The amount claimed by Zia
Properties in this action is approximately $104,000.

Based on the  representations  and  discussions  between Wall Street  Strategies
Corporation  (which was formerly  known as Vacation  Emporium  Corporation)  and
Vacation  Emporium  Marketing Inc., the Company believes that Vacation  Emporium
Marketing  Inc.,  and some or all the  corporation's  shareholders,  are  solely
responsible  for any and all  amounts  owed to Zia  Properties  under  the Lease
Agreement.

Vacation Emporium Marketing Inc., is currently  attempting to reach a settlement
of Zia Properties' claim against all of the defendants.  It is uncertain whether
this  settlement  effort will be  successful.  However,  the Company has engaged
local counsel to represent its interests in this  litigation  and has received a
judgment against the principals of Vacation Emporium  Marketing for an amount to
be determined  based on any judgment  brought against the Company.  A trial date
has been set for September 3, 2002,  unless a settlement can be reached prior to
this date. The Company can make no assurance,  however, regarding the settlement
or its liability relating to this claim.

AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY

American  Express Travel Related Services  Company Inc.  (American  Express) has
filed a summons  and  complaint  on or around  April 15,  2001  naming the Chief
Executive  Officer,  a former  employee,  and the  Company  as  defendants.  The
complaint is for delinquencies in the amount of $259,933,  plus $38,990 in legal
fees,  relating to amounts due on the Company's  corporate  credit card account.
American  Express is seeking a judgment  against the  defendants  for  corporate
credit  card  breach of  contract,  in the sum of  $298,923  (plus  legal  fees)
alleging  that the Company and the other named  defendants  violated  the agreed
upon  terms in the  Corporate  Card  Member  Agreement  which  is the  governing
document on transactions taking place on the corporate card account. The summons
and complaint was filed with the Supreme Court of the state of New York,  county
of New York, and requires the Company and the other named  defendants to respond
within 20 days of service, to avoid a default judgment.  The Company has filed a
response and is contesting certain elements of the summons and complaint.

GLOBAL FINANCIAL PRESS, INC.

Global Financial Press,  Inc., (the "Plaintiff") filed a summons in an adversary
proceeding  seeking to recover payment due and owing for services rendered on or
about  April 10,  2000,  for  printing  and  other  professional  services.  The
Plaintiff  is  requesting a judgment in their favor in the amount of $8,274 plus
interest,  costs,  attorneys' fees and such other relief,  as the Court may deem
appropriate.

On November 13, 2001, the Company  reached an agreement to pay $2,000 to finally
mark the case settled.

                                       18

<PAGE>



STEVENS COMMUNICATIONS, INC.

Stevens  Communications,  Inc.  (the  "Plaintiff")  filed  a  summons,  verified
compliant  stating  that Wall  Street  Strategies  was in breach of their  Sales
Agreement for failing to make  payments of $166,141 for  hardware,  software and
professional  services when due. The Sales  Agreement is for the purchase of the
Company's CTI/telephone equipment.

The Company received the summons on November 09, 2001, and has yet to respond to
this  complaint.  The  Company  intends to dispute  the  summons and contest the
amount due.


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 Security Holders

         None

ITEM 5   Other Information

         None

ITEM 6   Exhibits and Reports on Form 8-K

          (a)      Exhibits
                   None


          (b)        Reports on Form 8-K
                     None

                                       19
<PAGE>



                                   SIGNATURES

         In accordance with the  requirements of the Securities  Exchange Act of
         1934 the  Registrant  has duly  caused  this report to be signed on its
         behalf by the undersigned hereunto duly authorized


                                       WALL STREET STRATEGIES CORPORATION
                                                 (Registrant)



         Date November 14, 2001        By: /s/ Charles V. Payne
                                           --------------------
                                       Charles V. Payne
                                       President and Chief Executive Officer

                                       By: /s/ Daliah Amar
                                          ----------------------
                                       Chief Operating Officer/chief
                                       financial officer





                                       20