<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                  FORM 10QSB
(Mark One)

[X]    QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
       OF THE SECURITIES EXCHANGE ACT OF 1934

                        For the quarterly period ended
                                March 31, 2001

  OR

[_]    TRANSITION REPORT PURSUANT TO SECTION 13 OR
       15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                        For the transition period from
                                      to


                       Commission file number  000-29701


                           SYNDICATIONNET.COM, INC.
            (Exact name of registrant as specified in its charter)



           DELAWARE                                               57-2218873
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)


                              The Hartke Building
                              7637 Leesburg Pike
                         Falls Church, Virginia 22043
             (Address of principal executive offices  (zip code))


                                 703/ 748-3480
             (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the last 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 [_]
    ---

Indicate the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

           Class                              Outstanding at March 31, 2001
Common Stock, par value $0.0001               10,781,750
<PAGE>

               PART I - FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS


                           SYNDICATION NET.COM, INC.
                                AND SUBSIDIARY

                       CONSOLIDATED FINANCIAL STATEMENTS

                     March 31, 2001 and December 31, 2000
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                          Consolidated Balance Sheets


                                    ASSETS
                                    ------


                                         March 31,     December 31,
                                           2001           2000
                                       ------------    -----------
                                         (Unaudited)
CURRENT ASSETS

 Cash                                                  $    25,277  $        45
 Accounts receivable (Note 1)                              969,102      571,716
                                                       -----------  -----------

  Total Current Assets                                     994,379      571,761
                                                       -----------  -----------

PROPERTY AND EQUIPMENT - NET (Note 2)                        1,592        1,820
                                                       -----------  -----------

  TOTAL ASSETS                                         $   995,971  $   573,581
                                                       ===========  ===========


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

CURRENT LIABILITIES

 Accounts payable                                      $ 1,258,895  $   870,644
 Notes payable - related party (Note 6)                    105,000      105,000
 Accrued expenses (Note 3)                                  25,613       22,613
                                                       -----------  -----------

   Total Current Liabilities                             1,389,508      998,257
                                                       -----------  -----------

COMMITMENTS AND CONTINGENCIES (Note 4)

STOCKHOLDERS' EQUITY (DEFICIT)

 Preferred stock: 20,000,000 shares authorized of
  $0.0001 par value, no shares issued or outstanding             -            -
 Common stock: 100,000,000 shares authorized of
  $0.0001 par value, 10,781,750 shares issued and
  outstanding                                                1,078        1,078
 Additional paid-in capital                                791,749      791,749
 Accumulated deficit                                    (1,186,364)  (1,217,503)
                                                       -----------  -----------

   Total Stockholders' Equity (Deficit)                   (393,537)    (424,676)
                                                       -----------  -----------

   TOTAL LIABILITIES AND STOCKHOLDERS'
    EQUITY (DEFICIT)                                   $   995,971  $   573,581
                                                       ===========  ===========


  The accompanying notes are an integeral part of these fonancial statements.

                                       3
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                     Consolidated Statements of Operations
                                  (Unaudited)

                                        For the Three Months Ended
                                                March 31,
                                        --------------------------
                                           2001            2000
                                        -----------     ----------

NET SALES                               $ 2,268,996     $1,638,495

COST OF SALES                             2,254,798      1,627,128
                                        -----------     ----------

GROSS MARGIN                                 14,198         11,367
                                        -----------     ----------

OPERATING EXPENSES

 Depreciation                                   228            228
 General and administrative                  65,316         74,472
                                        -----------     ----------

  Total Operating Expenses                   65,544         74,700
                                        -----------     ----------

INCOME (LOSS) FROM OPERATIONS               (51,346)       (63,333)
                                        -----------     ----------

OTHER INCOME (EXPENSE)

 Other income                                85,485              -
 Interest expense                            (3,000)        (2,200)
                                        -----------     ----------

  Total Other Income (Expense)               82,485         (2,200)
                                        -----------     ----------

NET INCOME (LOSS)                       $    31,139     $  (65,533)
                                        ===========     ==========

BASIC INCOME (LOSS) PER SHARE           $      0.00     $    (0.01)
                                        ===========     ==========

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

                                       4
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
           Consolidated Statements of Stockholders' Equity (Deficit)

<TABLE>
<CAPTION>
                                                 Preferred Stock              Common Stock        Additional
                                         ------------------------------- ------------------------  Paid-In     Accumulated
                                              Shares          Amount        Shares      Amount     Capital      Deficit
                                         ----------------  -------------  ----------  -----------  ---------  ------------
<S>                                      <C>               <C>            <C>         <C>          <C>        <C>
Balance, December 31, 1998                             -   $           -   9,813,916  $       981  $192,209   $   (519,844)

Recapitalization                                  60,000               6     189,312           19       (25)             -

Common stock issued for cash at
 $1.65 per share                                       -               -       7,572            1    12,499              -

Capital contributions, 1999                            -               -           -            -    60,000              -

Net loss for the year ended
 December 31, 1999                                     -               -           -            -         -       (212,220)
                                         ---------------   -------------  ----------  -----------  --------   ------------

Balance, December 31, 1999                        60,000               6  10,010,800        1,001   264,683       (732,064)

Conversion of preferred shares
 to common stock                                 (60,000)             (6)     36,000            4         2              -

Common stock issued for cash at
 prices ranging from $0.83 to $2.50
 per share                                             -               -     193,500           19   227,482              -

Common stock issued for cash and
 services at $1.67 per share                           -               -      50,400            5    83,995              -

Common stock issued for services
 at $1.67 per share                                    -               -      78,000            8   129,992              -

Common stock issued for conversion
 of debt at $1.64 per share                            -               -      19,050            2    31,248              -

Recapitalization                                       -               -     250,000           25       (25)             -

Common stock issued for cash at
 $0.047 per share                                      -               -      94,000            9     4,377              -

Common stock issued for services
 at $1.00 per share                                    -               -      50,000            5    49,995              -

Net loss for the year ended
 December 31, 2000                                     -               -           -            -         -       (485,439)
                                         ---------------   -------------  ----------  -----------  --------   ------------

Balance, December 31, 2000                             -               -  10,781,750        1,078   791,749     (1,217,503)

Net income for the three months ended
 March 31, 2001 (unaudited)                            -               -           -            -         -         31,139
                                         ---------------   -------------  ----------  -----------  --------   ------------

Balance, March 31, 2001 (unaudited)                    -   $           -  10,781,750  $     1,078  $791,749   $ (1,186,364)
                                         ===============   =============  ==========  ===========  ========   ============
</TABLE>

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

                                       5
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                    Consolidated Statements of Cash Flows
                                  (Unaudited)



<TABLE>
<CAPTION>
                                                                         For the Three Months Ended
                                                                                  March 31,
                                                                   ---------------------------------------
                                                                         2001                  2000
                                                                   -----------------     -----------------
<S>                                                                <C>                   <C>
CASH FLOWS FROM OPERATING ACTIVITIES

 Net income (loss)                                                 $          31,139     $         (65,533)
 Adjustments to reconcile net income (loss) to
  net cash provided (used) by operating activities:
   Depreciation                                                                  228                   228
 Changes in operating assets and liabilities:
   (Increase) decrease in accounts receivable                               (397,386)              165,779)
   Increase (decrease) in accrued expenses                                     3,000                (2,885)
   Increase (decrease) in accounts payable                                   388,251               111,612
                                                                   -----------------     -----------------

     Net Cash Provided (Used) by Operating Activities                         25,232               122,357)
                                                                   -----------------     -----------------

CASH FLOWS FROM INVESTING ACTIVITIES                                            -                     -
                                                                   -----------------     -----------------

CASH FLOWS FROM FINANCING ACTIVITIES

 Payment on notes payable - related party                                       -                  (25,000)
 Proceeds from issuance of common stock                                         -                  160,001
                                                                   -----------------     -----------------

      Net Cash Provided by Financing Activities                                 -                  135,001
                                                                   -----------------     -----------------

NET INCREASE (DECREASE) IN CASH AND
 CASH EQUIVALENTS                                                             25,232                12,644

CASH AT BEGINNING OF PERIOD                                                       45                 5,580
                                                                   -----------------     -----------------

CASH AT END OF PERIOD                                              $          25,277     $          18,224
                                                                   =================     =================

SUPPLEMENTAL CASH FLOWS INFORMATION:

Cash Paid For:

 Interest                                                          $            -        $            -
 Income taxes                                                      $            -        $            -
</TABLE>

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



                                       6
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                Notes to the Consolidated Financial Statements
                     March 31, 2001 and December 31, 2000


NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       a.  Organization

       The consolidated financial statements presented are those of Syndication
       Net.com, Inc. (formerly Life2K.com, Inc.) (Syndication) and its wholly-
       owned subsidiary, Kemper Pressure Treated Forest Products, Inc. (Kemper).
       Collectively, they are referred to herein as the "Company". Syndication
       was incorporated under the name of Generation Acquisition Corporation
       (Generation) on March 25, 1999 under the laws of the State of Delaware to
       engage in any lawful act or activity. Effective August 16, 1999,
       Life2K.com, Inc. (Life2K) issued 16,200,000 shares of its common stock
       and 60,000 shares of its preferred stock in exchange for the issued and
       outstanding stock of Kemper. Effective October 13, 2000, pursuant to an
       Agreement and Plan of Organization between Generation Acquisition
       Corporation and Life2K, Generation Acquisition Corporation issued
       10,387,750 shares of its outstanding common stock for 100% of the
       outstanding shares of Life2K. As part of the transaction, Life2K was
       merged with and into Generation Acquisition Corporation, Life2K was
       dissolved and Generation Acquisition Corporation changed its name to
       Syndication Net.com, Inc.

       Kemper was incorporated on December 28, 1987 under the State laws of
       Mississippi. Kemper was organized to procure, buy, sell and harvest
       forest products for treating poles, conventional lumber and wood
       products, as well as preserve and treat wood and forest products for sale
       in wholesale and retail markets.

       On October 9, 1997, Kemper entered into an asset purchase agreement and
       lease assignment under which it conditionally sold all of its assets as
       well as reassigned its lease related to its manufacturing enterprise.
       From that time, Kemper has acted as a retail broker, having eliminated
       virtually all of its manufacturing capacity.

       At the time of the acquisition of Kemper, Life2K was essentially
       inactive, with no operations and minimal assets. Additionally, the
       exchange of Life2K's common stock for the common stock of Kemper resulted
       in the former stockholders of Kemper obtaining control of Life2K.
       Accordingly, Kemper became the continuing entity for accounting purposes,
       and the transaction was accounted for as a recapitalization of Kemper
       with no adjustment to the basis of Kemper's assets acquired or
       liabilities assumed. For legal purposes, Life2K was the surviving entity.

       At the time of the acquisition of Life2K, Syndication was essentially
       inactive, with no operations and minimal assets. Additionally, the
       exchange of Syndication's common stock for the common stock of Life2K
       resulted in the former stockholders of Life2K obtaining control of
       Syndication. Accordingly, Life2K became the continuing entity for
       accounting purposes, and the transaction was accounted for as a
       recapitalization of Life2K with no adjustment to the basis of Life2K's
       assets acquired or liabilities assumed. For legal purposes, Syndication
       was the surviving entity.

                                       7
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                Notes to the Consolidated Financial statements
                     March 31, 2001 and December 31, 2000


NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (Continued)

          b.  Accounting Method

          The Company's consolidated financial statements are prepared using the
          accrual method of accounting. The Company has elected a December 31
          year end.

          c.  Cash and Cash Equivalents

          The Company considers all highly liquid investments with a maturity of
          three months or less when purchased to be cash equivalents.

          d.  Accounts Receivable

          Accounts receivable consist entirely of an amount due from one
          customer. As management of the Company believes the amount to be fully
          collectible, no allowance for doubtful accounts has been recorded at
          March 31, 2001 and December 31, 2000.

          e.  Basic Loss Per Share

          The computations of basic loss per share of common stock are based on
          the weighted average number of common shares outstanding during the
          period of the consolidated financial statements as follows:



                                                          For the
                                                    Three Months Ended
                                                         March 31,
                                                --------------------------

                                                    2001          2000
                                                -----------   ------------
                                                (Unaudited)   (Unaudited)

          Income (loss) (numerator)             $    31,139   $    (65,533)

          Weighted average shares
            outstanding (denominator)            10,781,750     10,179,420
                                                -----------   ------------

          Basic income (loss) per share         $      0.00   $      (0.01)
                                                ===========   ============

          f.  Change in Accounting Principle

          The Company has adopted the provisions of FASB Statement No. 138
          "Accounting for Certain Derivative Instruments and Hedging Activities,
          (an amendment of FASB Statement No. 133.)" Because the Company had
          adopted the provisions of FASB Statement No. 133, prior to June 15,
          2000, this statement is effective for all fiscal quarters beginning
          after June 15, 2000. The adoption of this principle had no material
          effect on the Company's consolidated financial statements.

                                       8
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                Notes to the Consolidated Financial statements
                     March 31, 2001 and December 31, 2000


NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (Continued)

          f.  Change in Accounting Principle (Continued)

          The Company has adopted the provisions of FASB Statement No. 140
          "Accounting for Transfers and Servicing of Financial Assets and
          Extinguishments of Liabilities (a replacement of FASB Statement No.
          125.)" This statement provides accounting and reporting standard for
          transfers and servicing of financial assets and extinguishments of
          liabilities. Those standards are based on consistent application of a
          financial-components approach that focuses on control. Under that
          approach, the transfer of financial assets, the Company recognized the
          financial and servicing assets it controls and the liabilities it has
          incurred, derecognizes financial assets when control has been
          surrendered, and derecognizes liabilities when extinguished. This
          statement provides consistent standards for distinguishing transfers
          of financial assets that are sales from transfers that are secured
          borrowings. This statement is effective for transfers and servicing of
          financial assets and extinguishments of liabilities occurring after
          March 31, 2001. This statement is effective for recognition and
          reclassification of collateral and for disclosures relating to
          securitization transactions and collateral for fiscal years ending
          after December 15, 2000. The adoption of this principle had no
          material effect on the Company's consolidated financial statements.

          The Company has adopted the provisions of FIN 44 "Accounting for
          Certain Transactions Involving Stock Compensation (an interpretation
          of APB Opinion No. 25.)". This interpretation is effective July 1,
          2000. FIN 44 clarifies the application of Opinion No. 25 for only
          certain issues. It does not address any issues related to the
          application of the fair value method in Statement No. 123. Among other
          issues, FIN 44 clarifies the definition of employee for purposes of
          applying Opinion 25, the criteria for determining whether a plan
          qualifies as a noncompensatory plan, the accounting consequence of
          various modifications to the terms of a previously fixed stock option
          or award, and accounting for an exchange of stock compensation awards
          in a business combination. The adoption of this principle had no
          material effect on the Company's consolidated financial statements.

          g.  Property and Equipment

          Property and equipment is recorded at cost. Major additions and
          improvements are capitalized. The cost and related accumulated
          depreciation of equipment retired or sold are removed from the
          accounts and any differences between the undepreciated amount and the
          proceeds from the sale are recorded as gain or loss on sale of
          equipment. Depreciation is computed using the straight-line method
          over a period of five years.

                                       9
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                Notes to the Consolidated Financial Statements
                     March 31, 2001 and December 31, 2000


NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (Continued)

          h.  Provision for Taxes

          At December 31, 2000, the Company had net operating loss carryforwards
          of approximately $1,217,000 that may be offset against future taxable
          income through 2020. No tax benefit has been reported in the
          consolidated financial statements because the potential tax benefits
          of the net operating loss carryforwards are offset by a valuation
          allowance of the same amount.

          Due to the change in ownership provisions of the Tax Reform Act of
          1986, net operating loss carryforwards for Federal income tax
          reporting purposes are subject to annual limitations. Should a change
          in ownership occur, net operating loss carryforwards may be limited as
          to use in future years.

          i.  Principles of Consolidation

          The consolidated financial statements include those of Syndication and
          its wholly-owned subsidiary, Kemper.

          Any material intercompany accounts and transactions have been
          eliminated.

          j.  Estimates

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

          k.  Advertising

          The Company follows the policy of charging the costs of advertising to
          expense as incurred.

          l.  Revenue Recognition Policy

          Revenue is recognized upon shipment of goods to the customer.

                                       10
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                Notes to the Consolidated Financial Statements
                     March 31, 2001 and December 31, 2000


NOTE 1 -  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (Continued)

          m.  Concentrations of Risk

          Concentration in the Volume of Business Transacted with a Particular
          --------------------------------------------------------------------
          Supplier
          --------

          The Company currently engages the services of only one supplier, which
          provides 100% of its wood treating and procurement services. Although
          there are a limited number of manufacturers which provide wood
          treating and procurement services, management believes that other
          suppliers could provide these services on comparable terms. A change
          in suppliers, however, could cause a delay in manufacturing and a
          possible loss of sales, which would affect operating results
          adversely.

          Concentration in the Volume of Business Transacted with a Particular
          --------------------------------------------------------------------
          Customer
          --------

          The Company currently has one major customer which accounts for 100%
          of its revenues. Although the Company is continually negotiating
          contracts with potential customers, a loss of this customer could
          greatly affect the operating results of the Company.

          n.  Unaudited Consolidated Financial Statements

          The accompanying unaudited consolidated financial statements include
          all of the adjustments which, in the opinion of management, are
          necessary for a fair presentation. Such adjustments are of a normal
          recurring nature.

NOTE 2 -  PROPERTY AND EQUIPMENT

          Property and equipment consists of the following:


                                               March 31,   December 31,
                                                 2001          2000
                                            -------------  -------------
                                              (Unaudited)

          Office equipment                  $      4,550   $      4,550
          Accumulated depreciation                (2,958)        (2,730)
                                            ------------   ------------

          Net property and equipment        $      1,592   $      1,820
                                            ============   ============

Depreciation expense for the three months ended March 31, 2001 and 2000
was $228 and $228, respectively.

                                       11
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                Notes to the Consolidated Financial Statements
                     March 31, 2001 and December 31, 2000


NOTE 3 -  ACCRUED EXPENSES

          At March 31, 2001 and December 31, 2000, accrued expenses consist of
          $25,613 and $22,613, respectively, of interest payable associated with
          the related party -notes payable (Note 6).

NOTE 4 -  COMMITMENTS AND CONTINGENCIES

          On May 18, 1999, the Company entered into an agreement to acquire a
          reporting United States corporation with audited financial statements
          showing no material assets or liabilities. The Company agreed to pay
          $100,000 for its services in regard to the transaction. Payment of
          this amount is to be made as follows:

          $10,000 on execution of the agreement, $30,000 on delivery of offering
          materials under rules 504 and/or 506, $35,000 on the business
          combination and $25,000 on the filing of a Form 8-K with the
          Securities and Exchange Commission. If the Company does not elect to
          make any offerings under rules 504 or 506, then the payment due on the
          business combination will be $60,000.

          On April 7, 1999, the Company ratified its corporate service
          consulting agreement with Source Management Services, Inc. (Source), a
          related company owned by a significant shareholder. Source is to
          oversee the general activities of the Company on a day-to-day basis,
          develop and execute a business plan, and assist in other ongoing
          administrative issues. For the year ended December 31, 2000, the
          Company agreed to pay Source the greater of $150 per hour or $17,500
          per month. The Company has also agreed to award Source a bonus of 5%
          of the outstanding shares of stock when the Company's securities are
          traded on any United States stock exchange.

          On September 19, 2000, the Company entered into a Services and
          Consulting Agreement with Tri-State Metro Territories, Inc. (Tri-
          State), a business that sells franchised hair coloring salon units
          under the copyright name of "haircolorxpress." The Company was
          retained as Tri-State's consultant to assist in the development of
          management, sales and marketing of "haircolorxpress" franchised hair
          coloring salon units. The Company received a total of $51,300 during
          2000 as a result of the consulting agreement with Tri-State. The
          Company received an additional $85,485 during the three months ended
          March 31, 2001 under the consulting agreement. The agreement is for a
          term of twenty years with up to four, five-year extensions. The
          Company is currently in negotiations with a number of companies that
          are interested in entering into similar consulting agreements.

NOTE 5 -  PREFERRED STOCK

          The shareholders of the Company have authorized 20,000,000 shares of
          preferred stock with a par value of $0.0001. The terms of the
          preferred stock are to be determined when issued by the board of
          directors of the Company.

          On January 1, 2000, the remaining 60,000 Series A preferred shares
          were converted into common shares, thus, at December 31, 2000, no
          preferred shares were outstanding.


                                       12
<PAGE>

                   SYNDICATION NET.COM, INC. AND SUBSIDIARY
                Notes to the Consolidated Financial Statements
                     March 31, 2001 and December 31, 2000


NOTE 6 -  NOTES PAYABLE - RELATED PARTY

          Notes payable to related parties consisted of the following:

<TABLE>
<CAPTION>
                                                                     March 31,        December 31,
                                                                        2001              2000
                                                                   -------------     -------------
                                                                    (Unaudited)
          <S>                                                      <C>               <C>
          Note payable to a related party, due on demand,
           plus interest at 12% per annum, unsecured.              $     105,000     $     105,000

          Less: Current Portion                                         (105,000)         (105,000)
                                                                   -------------     -------------

          Long-Term Notes Payable to Related Parties               $           -     $           -
                                                                   =============     =============
</TABLE>


NOTE 7 -  GOING CONCERN

          The Company's consolidated financial statements are prepared using
          generally accepted accounting principles applicable to a going concern
          which contemplates the realization of assets and liquidation of
          liabilities in the normal course of business. The Company has
          historically incurred significant losses which have resulted in an
          accumulated deficit of $1,217,503 at December 31, 2000 which raises
          substantial doubt about the Company's ability to continue as a going
          concern. The accompanying consolidated financial statements do not
          include any adjustments relating to the recoverability and
          classification of liabilities that might result from the outcome of
          this uncertainty.

          It is management's intent to acquire Internet and E-commerce companies
          as well as develop a software for online bidding services. Management
          believes this bidding service process will allow the Company to bid
          and package contracts online for the treatment, sale and shipment of
          processed wood. In addition, management believes that being a publicly
          traded company will enhance their negotiating leverage as well as
          provide a source of additional funding if needed.

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

          The following discussion is intended to provide an analysis of
SyndicationNet's financial condition and plan of operation and should be read in
conjunction with SyndicationNet's financial statements and its related notes.
The matters discussed in this section that are not historical or current facts
deal with potential future circumstances and developments. Such forward-looking
statements include, but are not limited to, the development plans for the growth
of SyndicationNet, trends in the results of SyndicationNet's development,
anticipated development plans, operating expenses and SyndicationNet's
anticipated capital requirements and capital resources. SyndicationNet's actual
results could differ materially from the results discussed in the forward-
looking statements.

          Although SyndicationNet believes that the expectations reflected in
the forward-looking statements and the assumptions upon which the forward-
looking statements are based are reasonable, these expectations and assumptions
may not prove to be correct.

General

          SyndicationNet.com, Inc., a Delaware corporation (the "Company"), is a
holding company which was formed to acquire controlling interests in or to
participate in the creation of, and to provide financial, management and
technical support to, development stage businesses. SyndicationNet's strategy is
to integrate affiliated companies

                                       13
<PAGE>

into a network and to actively develop the business strategies, operations and
management teams of the affiliated entities.

          SyndicationNet currently has one wholly owned subsidiary, Kemper
Pressure Treated Forest Products, Inc. Kemper is engaged in the retail brokerage
business of preservative treated lumber such as utility poles, bridge pilings,
timber and guardrail posts. Kemper is also developing computer software
applications that will enable Kemper to manage on-line bidding for the
treatment, sale and shipment of processed wood.

          SyndicationNet was originally incorporated in Delaware on March 25,
1999 under the name Algonquin Acquisition Corporation. In August 1999, Algonquin
changed its name to Life2K.com, Inc. On August 16, 1999, Life2K.com, Inc.
acquired all the outstanding shares of Kemper Pressure Treated Forest Products,
Inc., an operating Mississippi company. On October 13, 2000, Life2K.com, Inc.
was acquired by Generation Acquisition Corporation, a public reporting company,
as a wholly owned subsidiary. Subsequently, Life2K.com, Inc. was merged with and
into Generation Acquisition Corporation, which simultaneously changed its name
to SyndicationNet.com, Inc.

Plan of Operation

          (i) The Company believes that it currently has enough cash including
accounts receivable on hand to enable it to operate for the next twelve months.
The Company's revenues and profits, if any, will depend upon various factors,
including whether the Company will be able to effectively evaluate the overall
quality and industry expertise of potential acquisition candidates, whether the
Company will have the funds to provide seed capital and mezzanine financing to
e-commerce and Internet-related companies and whether the Company can develop
and implement business models that capitalize on the Internet's ability to
provide solutions to traditional companies. The Company may be materially
adversely affected if it is unable to secure sufficient funds to finance its
proposed acquisitions and operating costs.

          The Company, primarily through the marketing efforts of its executive
officers, directors and consultants, intends to locate B2B Internet-related
companies and/or traditional brick and mortar businesses for which the Company
will act as a general corporate consultant and intends to locate development
stage companies as acquisition candidates. Over the next twelve months, the
Company's management team, led by retired United States Senator Vance Hartke,
hopes to take advantage of the resources of its directors, specifically in the
areas of accounting, e-commerce, finance and politics, to enable the Company to
consult with, acquire and integrate B2B e-commerce companies and/or traditional
brick and mortar businesses and to leverage the Company's collective management
resources and experiences. The Company intends to actively explore synergistic
opportunities such as cross marketing efforts within the network of companies it
will consult with or acquire.

          The Company intends for its management team to identify companies that
are positioned to succeed and to assist those companies with financial,
managerial and technical support. Over the next 12 months the Company intends to
increase revenue and gross profit margin by focusing and expanding its
consulting services. It is management's belief that potential acquisition
targets can be better identified and assessed for risk if the Company becomes
involved with various companies on a consulting capacity. The Company's strategy
is to integrate affiliated companies into a network and to actively develop the
business strategies, operations and management teams of the affiliated entities.

Period Ended March 31, 2001 compared to March 31, 2000 for SyndicationNet
together with its wholly owned subsidiary, Kemper Pressure Treated Forest
Products, Inc.

          For the period ended March 31, 2001, the Company's revenues increased
to $2,268,996 from $1,638,495 for the period ended March 31, 2000. The increase
is primarily attributed to the growth of the Company's wholly owned subsidiary,
Kemper Pressure Treated Forest Products, Inc. The Company recorded consulting
revenues of $85,485 for the period ended March 31, 2001.

          Cost of sales were $2,254,798 for the period ended March 31, 2001,
compared to $1,627,128 for the period ended March 31, 2000. This increase in
cost of sales was primarily attributable to an increase in the Company's
revenue.

          The net profit for the period ended March 31, 2001 was $31,139
compared to net losses of $(65,533) for the period ended March 31, 2000.

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<PAGE>

          Total current assets increased to $994,379 at March 31, 2001 from
$571,761 at December 31, 2000, due primarily to the increase of the Company's
accounts receivable. Total current liabilities increased from $998,257 at
December 31, 2000 to $1,389,508 at March 31, 2001.

          The Company has not paid dividends on its common stock, and intends to
reinvest its earnings to support its working capital and expansion requirements.
The Company intends to continue to utilize its earnings in the development and
expansion of the business and does not expect to pay cash dividends in the
foreseeable future. It is the belief of management that as the Company moves
toward an active trading status the ability to raise capital by stock issuance
to effect its business plan is enhanced.

          (ii)  The Company does not expect to purchase or sell any
manufacturing facilities or significant equipment over the next twelve months.

          (iii) The Company does not foresee any significant changes in the
number of its employees over the next twelve months.

                           PART 2 - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

        SyndicationNet is not a party to any current or pending litigation.

ITEM 2.  CHANGES IN SECURITIES

        Not Applicable

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

        Not Applicable

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

        Not Applicable

ITEM 5.  OTHER INFORMATION

        On February 13, 2001 the Company filed a registration statement on Form
SB-2 with the Securities and Exchange Commission to register 561,500 shares of
its common stock held by thirty-five of its securityholders.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K

    (a) Exhibits

    (b) Reports on Form 8K

        None


                                  SIGNATURES


        Pursuant to 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 thereunto duly authorized.


                                    SYNDICATIONNET.COM, INC.

                                       15
<PAGE>

                                    By:  /s/ Vance Hartke
                                       -------------------
                                       President and Director

                                    By:  /s/ Cynthia White
                                       -------------------
                                       Chief Financial Officer and
                                       Principal Accounting Officer



Dated: May 17, 2001

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