U.S. SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C. 20549

                                   FORM 10-KSB

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

                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2003

                                       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 #0-15303

                                   ABSS, Corp.
          (Exact name of registrant as specified in its charter)

            Delaware                                    73-1215433
  (State or Other Jurisdiction of            (I.R.S. Employer Identification
   Incorporation or Organization)                        Number)


                                385 Freeport, #1
                                   Sparks, NV             89431
               (Address of principal executive offices) (ZIP code)

                                 (917) 981-4569
                        (Registrant's telephone number,
                              including area code)

     Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act: Common Stock

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

                                 YES [X] NO [ ]

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [ ]

The Registrant had $0 in gross revenues for the year ended December 31, 2003.

The aggregate market value of the Registrant's voting stock that was held by
non-affiliates of the Registrant on April 13, 2004 was $884,186.25 based on the
average bid and asked price of the Registrant's common stock on such date as
reported on the Over the Counter Bulletin Board.


<PAGE>

As of April 13, 2004, there were 11,812, 745 shares of the registrant's common
stock outstanding.

Transfer  Agent as of April 13, 2004:  Olde  Monmouth  Stock  Transfer Co.,
Inc. 200 Memorial Parkway, Suite 101 Atlantic Highlands, NJ 07716


DOCUMENTS INCORPORATED BY REFERENCE:


TABLE OF CONTENTS


                                     PART I

Item 1. Description of Business................................................

Item 2. Description of Property................................................

Item 3. Legal Proceedings......................................................

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

                                     PART II

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

Item 6. Management's Discussion and Analysis of Financial Condition
        and Results of Operations..............................................

Item 7. Financial Statements and supplementary data............................

Item 8. Changes in and Disagreements with Accountants on Accounting
        and Financial Disclosure...............................................

                                    PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons;
        Compliance with Section 16(a) of the Exchange Act......................

Item 10. Executive Compensation................................................

Item 11. Security Ownership of Certain Beneficial Owners and Management........

Item 12. Certain Relationships and Related Transactions........................

Item 13. Controls and Procedures...............................................

Item 14. Exhibits and Reports on Form 8-K......................................

SIGNATURES.....................................................................

Financial Statements ..........................................................

<PAGE>

PART I

Item 1. Description of Business

References in this report to "we" and "our" are ABSS,  Corp.  (herein after
referred  to as "ABSS" and our  wholly-owned  subsidiaries,  Money  Bucket,
Inc., which collectively may also be referred to herein as the "Company".

ABSS, Corp., (the "Company"), was incorporated on April 11, 1984 under the laws
of the State of Delaware as CMS Advertising. On September 25, 1989 we changed
our name to Unico, Inc., and again on April 25, 2002 ABSS, Corp. Initial
business activities, associated with the sale and administration of cooperative
direct mail advertising franchises commenced in May 1984. In September 1986, the
Company filed an initial registration statement with the Securities and Exchange
Commission and initiated a plan to expand Company operations through the
acquisition of existing businesses operating in related fields. The Company also
operated and owned a second subsidiary during 1996, Cal-Central Marketing
Corporation ("Cal-Central"). Cal-Central was discontinued during 1996 and was
involved in cooperative advertising distributed primarily through supermarkets,
pharmacies and restaurants. Franchising activities related to this business were
conducted through United Marketing, which the Company had acquired on July 17,
1987. On January 29, 1999, the shareholders of the Company approved the sale of
all of the issued and outstanding common stock of United Marketing to Next
Generation Media Corp. ("NexGen"). The sale was effective and closed April 1,
1999. Following completion of the sale of United marketing, the Company intended
to become a diversified Internet incubator holding company, focused on the
incubation, acquisition and financing of young, development stage, high
technology and multi-media companies. This concept was abandoned in the third
quarter of 2000. In July 2000, the Company acquired from NexGen all the issued
and outstanding stock of The Independent News. On January 31, 2001, The Company
incorporated The Local Times.com, Inc. and New Media, Inc. In August 2001, the
Company ceased its newspaper operations. Under partly new management, the
Company planned to develop a fashion-oriented holding and marketing company.

On October 3, 2001 ABSS incorporated Money Bucket, Inc., a Nevada corporation,
to become the operational unit of ABSS's fashion business. On December 17, 2001,
ABSS entered into a license agreement with Cybernic Holdings, Inc., to (a)
produce and brand Aleksander Bla, a line of women's clothing and (b) to produce
and develop a fashion related internet project, Fashion Expo. The agreement
provides for among other things, that the Company will change its name to ABSS,
CORP., and that the Company would reverse split its outstanding common shares by
1-30 and issue 3,791,393 new restricted shares to Cybernic Holdings, Inc.

During the fall of 2002, the Company presented its first complete collection of
women's jeans and cashmere at the MAGIC Fashion show in Las Vegas. Due to
minimal interest in the collections, the Company abandoned the fashion lines and
started to pursue other opportunities within the fashion industry.

<PAGE>

On October 10, 2002, the Company entered into an agreement to acquire the retail
operations of Sheila Allen-Styles with operations in Greenwich, Connecticut and
Edgartown, Massachusetts. The proprietary owner of the retail operations, Ms.
Sheila Allen became the Chief Fashion Director and Head Designer of the Company
and the Company adopted a business plan to open an additional 25 retail stores
nationwide. Following a higher than expected decline in revenue, Sheila
Allen-Styles closed its Greenwich operations on February 16, 2003. In
conjunction therewith and the general market conditions, the Company experienced
increased difficulties in obtaining necessary funding for the rollout of the
store concept. On March 17, 2003, the Company abandoned the acquisition of the
remaining business of Sheila Allen-Styles and terminated all of its business
activities.

On July 11, 2003, the Company filed a Form 8K with the SEC based on a change in
control of the Company and the appointment of a new President of the Company.
Mr. Alan Lew acquired the majority interest from Cybernic Holdings in a private
transaction. The management at the time resigned and appointed Alan Lew as
Director and President. Mr. Lew has vast experience and contacts in the
Biotechnology industry. At the time he was a Clinical site manager with Pfizer
Inc. where part of his responsibilities include monitoring and locating new
physicians for investigational trials. Mr. Lew has also worked for Memorial
Sloan-Kettering Hospital in New York City, Acorda Therapeutics and Pharmacia. On
July 30, 2003, the Company filed a Form 8K with the SEC based on the resignation
of two members of the Board of Directors (Benny Blom and Tom Simeo) pursuant to
the change in control of the Company. These resignations were not due to any
disagreement with the Company on any matters relating to the Company's
operations, policies or practices.

The new management's first objective was to reduce the amount of debts and
judgments against the Company. The next objective was to find professional
assistance to help clearly define a strategic plan to increase shareholder
value. On September 2, 2003, the Company entered into a settlement and release
agreement with Communications Holding Corp.(CHC) The terms of the agreement were
that ABSS would grant CHC 4,000,000 shares of restricted common stock and issue
a $200,000 note payable in one year accruing at 7%APR in return for a debt
settlement of an ABSS obligation of $960,000 plus interest and attorneys fees.
In addition, CHC would have the right to appoint two directors to the board of
ABSS. As a result of this transaction, Mr. Aaron Etra and Mr. Andre Todd joined
the ABSS board. Mr. Andre Todd was appointed Secretary and Director. Mr. Todd,
who is the President of CHC, specializes in business development. Mr. Aaron
Etra, also a Director of CHC is a practicing attorney based in New York. This
transaction was filed under a Form 8K with the SEC on September 9, 2003, based
on the settlement of the lawsuit with Communication Holding Corp., which had
originally been with Southwin Financial Ltd.

On September 2, 2003, the Company hired three consultants for management
consulting, strategic planning, and web development. The consultants were
willing to accept stock in lieu of cash, as the Company did not have the ability
to pay for such services being rendered. Each consultant received five hundred
thousand shares for providing their services. One consultant is was retained to
evaluate all potential acquisitions, provide due diligence and report directly
to the board. Another consultant was engaged to identify and/or evaluate
opportunities specifically within the nutraceutical products and distribution
sectors. These Consultants have evaluated several worthy opportunities and are
conducting due diligence on these potential acquisitions. The third consultant
was engaged to update the existing website as well as provide web development
and advisory services for the future changes to the Company's website and its
subsidiaries. The Company's website has been changed, and it is expected to be
updated on an ongoing basis

<PAGE>

We will attempt to locate and negotiate with a business entity for the
combination of target company in the biotechnology, nutraceutical, nanotechnolgy
and communications industries. Any combination will normally take the form of a
merger, stock- for-stock exchange or stock-for-assets exchange. I Although there
is no guarantee of a successful merger/acquisition, the Company is optimistic
that it will be able to successfully close on at least one business opportunity
in mid 2004. The Company will have to rely on loans from its management and
raising money from outside investors in order to pay its financial obligations
in a timely manner. Even though the Company is actively seeking the above
opportunities, no such opportunities have been identified as of the date of this
filing.

Employees

The Company had no employees as of December 31, 2003 and April 13, 2004.

Item 2. Description of Property

As of April 13, 2004, the Company operated its corporate headquarters through an
executive office located at 385 Freeport, #1, Sparks, NV 89431 paid for by a
shareholder. On March 17, 2003 the Company closed its regional office in
Atlanta, GA and is now operating from 385 Freeport, #1, Sparks, NV 89431.

Item 3. Legal Proceedings

The Company has been sued in connection with its acquisition of Silver Valley
Energy (SVE). In addition, in October 2000 the Company received a default
judgment in the amount of $960,000. This judgment was purchased by
Communications Holding Corp. (CHC) in the Spring of 2003. The Company has
negotiated a non-monetary settlement On September 2, 2003, the Company entered
into a settlement and release agreement with CHC. The terms of the agreement
were that ABSS would grant CHC 4,000,000 shares of restricted common stock and
issue a $200,000 note payable in one year accruing at 7%APR in return for a debt
settlement of an ABSS obligation of $960,000 plus interest and attorneys fees.
In addition, CHC would have the right to appoint two directors to the board of
ABSS. As a result of this transaction, Mr. Aaron Etra and Mr. Andre Todd joined
the ABSS board. Mr. Andre Todd was appointed Secretary and Director. Mr. Todd,
who is the President of CHC, specializes in business development. Mr. Aaron
Etra, also a Director of CHC is a practicing attorney based in New York. This
transaction was filed under a Form 8K with the SEC on September 9, 2003, based
on the settlement of the lawsuit with Communication Holding Corp., which had
originally been with Southwin Financial Ltd.

The Company has been sued by the former Chief Executive Officer of BidInvite,
Inc. The lawsuit is filed in the Superior Court of the State of Delaware, Sussex
County, entitled "David Venables v Unico, Inc. and BidInvite.com, Inc., Case No.
OOC-11-015 THG." The case is a claim for unpaid wages and breach of contract. On
December 12, 2000 Venables obtained a judgment by default (for failure to
respond to the Complaint) against Unico, Inc. and BidInvite. The amount of the
judgment is $1,360,000. The judgment was purchased by a independent third
party. The Company is in negotiations to settle this matter. Management believes
that the suit can be settled on favorable terms out of court.

NexGen has alleged that the Company is in default with respect to its $200,000
note payable issued in connection with its acquisition of The Independent News.
At December 31, 2000 $156,000 remained unpaid. At December 31, 2001 the $156,000
unpaid balance was written off as management believes that certain financial
misrepresentation were made in connection with its acquisition of The
Independent News. The Company has not had any correspondence from NexGen for
over two years and the Company does not believe that NexGen will be taking any
affirmative action.

The Company is also named in a lawsuit against Independent News (now defunct)
for bills due and owing for the printing of the prior Independent News. Legal
counsel indicates that Independent News, now defunct, would not pay it and that
it would be difficult, if not impossible, for the plaintiff to show liability on
behalf of the Company (Unico) as a separate operating corporate entity to be
responsible for the bills and obligations of the Independent News.

<PAGE>

Management estimates that the costs to settle these remaining judgments and
lawsuits for the Company should not exceed an aggregate of $240,000.
Accordingly, the accrual for litigation and judgments is recognized in the
Company's financial statements at $240,000.

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

None

<PAGE>

PART II

Item 5. Market for Common Equity and Related Stockholder Matters

On December 31, 2003 there were approximately 600 shareholders of record of the
Company's common stock. The Company's common stock was formerly traded on the
National Association of Securities Dealers Automated Quotation System
("NASDAQ"). During 1997, the Company no longer qualified for this listing and is
now available through electronic trading services via the NASD OTC Electronic
Bulletin Board.

The following table sets forth, for the periods indicated, the range of high and
low closing bid prices for the Company's common stock through December 31, 2003
and as available through electronic trading services subsequent to such date.


2001                              High                  Low
----                              ----                  ---
First Quarter                $       .13            $       .06

Second Quarter               $       .08            $       .05

Third Quarter                $       .21            $       .10

Fourth Quarter               $       .15            $       .06


2002
----
First Quarter                $       .07            $       .01

Second Quarter               $       .05            $       .03

Third Quarter                $       .51            $       .01

Fourth Quarter               $       .25            $       .03


2003
----
First Quarter                $       .10            $       .01

Second Quarter               $       .15            $       .01

Third Quarter                $       .17            $       .02

Fourth Quarter               $       .25            $       .05


On April 13, 2004, the closing trading price for ABSS, Corp.'s common stock as
reported by the OTCBB was $0.25

<PAGE>

Dividends

On January 29, 1999, the Company declared a cash dividend of $.10 a share to
shareholders of record as of December 31, 1998 in consideration for the sale of
United Marketing Solutions, Inc. The Company has not declared or paid a dividend
since January 29, 1999. The Company does not anticipate having the ability to
make any payment of cash dividends in the forseeable future and the payment of
any such future cash dividends will be dependent upon the amount of funds
legally available therefore, the Company's earnings, financial condition,
capital requirements and other factors which the Board of Directors deems
relevant.

Item 6. Management's Discussion and Analysis Plan of Operation

Certain matters discussed herein (including the documents incorporated herein by
reference) are forward-looking statements intended to qualify for the safe
harbors from liabilities established by the Private Litigation Reform Act of
1995. These forward-looking statements can generally be identified as such
because the context of the statement will include words such as the Company
"believes," "plans," "intends," "anticipates," "expects," or words of similar
import. Similarly, statements that describe the Company's future plans,
objectives, estimates, or goals are also forward-looking statements. Such
statements address future events and conditions concerning capital expenditures,
earnings, litigation, liquidity and capital resources and accounting matters.
Actual results in each case could differ materially from those currently
anticipated in such statements by reason of factors such as future economic
conditions, including changes in customer demands, future legislative,
regulatory and competitive developments in markets in which the Company operates
and other circumstances affecting anticipated revenues and costs.

General

On April 1, 1999, the Company sold its only asset, the stock of its operating
subsidiary United Marketing to NexGen. As a result of the above-described
transaction, ABSS became a publicly traded "shell" company. The Company,
immediately after the sale of United Marketing, had no assets and no
liabilities. The Company was funded by two new shareholders, selected a new
board of directors and management team and changed its business plan.

Independent News

On July 1, 2000 the Company acquired Independent News, a weekly and monthly
newspaper circulated to more than 70,000 homes in northern New Jersey for cash,
stock and assumptions of certain liabilities. On January 31, 2001, ABSS
incorporated The Local Times.com, Inc., and New Media, Inc. The Local Times was
a web solution for weekly newspapers and its advertisers and New Media, Inc. was
the acquisition vehicle established to acquire additional newspapers. Due to the
loss of financial incentives, ABSS ceased its newspaper operations during August
2001 and its online activities as of the end of the year 2001.

<PAGE>

Aleksander Bla

The Company entered on December 17, 2001 into a license and marketing agreement
to brand and produce Aleksander Bla, a fashion brand of women's clothing. The
Company presented its first collection of jeans and cashmere at the MAGIC
Fashion Show in Las Vegas during August of 2002. Due to a minimal interest from
the fashion industry, the company decided to abandon that fashion line and to
search for other fashion opportunities.

Sheila Allen-Styles

On October 10, 2002, the Company entered into an agreement to acquire the retail
operations of Sheila Allen-Styles with operations in Greenwich, CT and
Edgartown, MA. During the due diligence period, Sheila Allen-Styles closed part
of its operations, and the Company and Sheila Allen decided not to pursue the
acquisition further.

In conjunction with the general difficult market conditions and obstacles in
obtaining the financing needed to execute its business plan, the Company decided
on or about March 17, 2003 to cease all its operations and to look for other
business opportunities.

No meaningful comparison can be made between 2002 and 2003 because of the close
of its operations in 2003. During the calendar year of 2002 the Company tried to
start several new businesses within the fashion industry of which none
materialized. The major shareholder (Cybernic Holdings) of the Company funded
the costs for those operations. Subject to an agreement with CHC who acquired a
approximately a 41% interest in the Company, Cybernic has forgiven all monies
owed by the Company to Cybernic.

Item 7. Financial Statements

The financial statements of the Company, together with the report of auditors,
are included in this report after the signature pages.

Item 8. Changes In and Disagreements With Accountants on Accounting and
        Financial Disclosure

None.

<PAGE>

PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
        With Section 16(a) of the Exchange Act

The directors and officers of the Company and its subsidiaries, as of December
31, 2003, are set forth below. The directors hold office for their respective
term and until their successors are duly elected and qualified. Vacancies in the
existing Board are filled by a majority vote of the remaining directors. The
officers serve at the will of the Board of Directors.

Alan Lew, is President, Chief Financial Officer, Chief Executive Officer and a
member of the Board of Directors of ABSS Corp. Mr. Lew has vast experience and
contacts in the Biotechnology industry. He was most recently a Clinical
site manager with Pfizer Inc. where part of his responsibilities include
monitoring and locating new physicians for investigational trials. Mr. Lew has
also worked for Memorial Sloan-Kettering Hospital in New York City, Acorda
Therapeutics and Pharmacia.

Andre Todd is the Secretary and a member of the Board of Director of ABSS, Corp.
Mr. Todd experience includes capital markets, technical analysis and operations
for trading departments. Mr. Todd is a VP of Goldman Associates, a research
entity providing technical analysis and testing models for day traders. He had
also been employed at Bear Stearns. Mr. Todd holds a Bachelors degree from
Oregon State University, where he was a linebacker on the Varsity football team.

Aaron Etra, JD, LLM is a member of the Board of Director for ABSS, Corp. Mr.
Etra is an attorney and counselor at law specializing in commercial, corporate,
tax and personal law. Mr. Etra has an extensive background in real estate,
having been the President of Investors & Developers Associates, Inc., which
develops commercial, residential and industrial properties in the US. Mr. Etra's
extensive professional and community memberships includes: NY City Bar
Association, Real Estate Board of New York, Chairman of Committee on African
Affairs- Council on International Affairs, World Council of Peoples for the
U.N., U.N Representative to the Mexican Academy of International Law, as well as
several other various Bar Associations and charitable organizations. Mr. Etra
holds a Bachelors of Arts Degree majoring in Political Science and Economics
from Yale University, an LLM from New York University, and a Juris Doctor from
Columbia University.

Certain Legal Proceedings

No director, nominee for director, or executive officer of the Company has
appeared as a party in any legal proceeding material to an evaluation of his
ability or integrity during the past five years.

Item 10. Executive Compensation

None of the Company's officers or directors received any salary in 2003,

Item 11. Security Ownership of Certain Beneficial Owners and Management

The following table sets forth as of April 13, 2004, information with respect to
the beneficial ownership of the Company's Common Stock by (i) each person known
by the Company to own beneficially 5% or more of such stock, (ii) each Director
of the Company who owns any Common Stock, and (iii) all Directors and Officers
as a group, together with their percentage of beneficial holdings of the
outstanding shares.

The following table sets forth information regarding the beneficial ownership of
the outstanding shares of Common Stock by persons known by the Company to
beneficially own more than 5% of the outstanding shares of Common Stock, by each
director and officer, by nominees for directors of the Company, and by all
directors and executive officers of the Company as a group:

NAMES AND ADDRESS OF
DIRECTORS, OFFICERS, AND                NUMBER OF             PERCENT
5% SHAREHOLDERS                         SHARES OWNED          OF CLASS

Alan Lew                               4,226,000                 35%

Aaron Etra(*)                             50,000                  **

Andre Todd(*)                                  0                  0%

Communications Holding Corp. (*)       4,000,000                 33%

*    Mr. Etra and Mr. Todd are Directors of Communications Holding Corp. which
     owns 4,000,000 shares of the Company's common stock.
**   Less than one (1%) percent.
<PAGE>

Item 12. Certain Relationships and Related Transactions

None.

Transactions with Management and Others

No business relationship between the Company and any business or professional
entity, for which a director of the Company has served during the last fiscal
year or currently serves as an executive officer of, or has owned a 10% record
or beneficial interest in, has existed since the beginning of the Company's last
fiscal year, or currently exists, which represented or will represent payments
for property or services in excess of 5% of the Company's gross revenues for its
last full fiscal year or of the other entity's consolidated gross revenues for
its last full fiscal year.

In addition, except as noted below, the Company did not owe, at the end of its
last fiscal period, to any business or professional entity for which a director
of the Company has served during the last fiscal year or currently serves as an
executive officer, or has owned during the last fiscal year or currently owns a
10% record or beneficial interest in, an aggregate amount in excess of 5% of the
Company's total assets at the end of its last fiscal period. No director of the
Company has served as a partner or executive officer of any investment banking
firm that performed services for the Company during the last fiscal year or that
the Company proposes to have performed services during the current year, except
as noted below.

The operations of the Company are currently being funded by its majority
shareholder. Subject to a tentative agreement with a third party interested in
acquiring the majority interest in the Company, the major shareholder has agreed
to forgive all monies owed by the Company to its majority shareholder.

<PAGE>

PART IV

Item 13. Exhibits and Reports

The following documents are filed as part of this report:

1.   Financial statements; see index to financial statement and schedules
     immediately following the signature pages of this report.

2.   Financial statement schedules; see index to financial statements and
     schedules immediately following the signature pages of this report.

3.   Exhibits:

     Exhibit 99.1 Certification Pursuant to 18 U.S.C. Section 1350 as Adopted
                  Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

     Exhibit 99.2 Certification of Chief Executive Officer and Chief Financial
                  Officer

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, there unto duly authorized.

                                                 ABSS, CORP.

                                                 By: /s/  Alan Lew
                                                     ------------------------
                                                     Alan Lew
                                                     President, CEO, CFO
                                                     and Director

Dated: April 14, 2004

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.

NAME                        TITLE                        DATE

/s/ Alan Lew                President, CEO, CFO and      April 14, 2004
    ------------------      Director
    Alan Lew


<PAGE>


MADSEN & ASSOCIATES CPA's. INC.                              684 East Vine St #3
-------------------------------                               Murray, Utah 84107
Certified Public Accountants and Business Consultants     Telephone 801-268-2632
                                                                Fax 801-262-3978

ABSS, CORP.



               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


We have audited the accompanying consolidated balance sheet of ABSS, CORP. and
Subsidiary for the year ended December 31, 2003 and the related consolidated
statements of operations, stockholders' equity (deficiency), and cash flows for
the year then ended. These consolidated financial statements are the
responsibility of the Company's Management. Our responsibility is to express an
opinion on these consolidated financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement. An audit includes
examining on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of ABSS, CORP. and
Subsidiary as of December 31, 2003 and the results of its operations and its
cash flows for the year then ended in conformity with accounting principles
generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As disclosed in the
consolidated financial statements and notes to the consolidated financial
statements, the Company has suffered significant losses. These conditions raise
substantial doubt about the Company's ability to continue as a going concern.
Management's plans regarding these matters are described in the notes to the
consolidated financial statements. The consolidated financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

                                             /s/ Madsen & Associates CPA's, Inc.


April 13, 2004
Murray, Utah




<PAGE>

SELLERS & ANDERSEN, LLC                                      684 East Vine St #3
-------------------------------                               Murray, Utah 84107
Certified Public Accountants and Business Consultants     Telephone 801-268-2632
                                                                Fax 801-262-3978

ABSS, CORP.



               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


We have audited the consolidated statements of operations, changes in
stockholders' equity (deficiency), and cash flows of ABSS, CORP. and Subsidiary
for the year ended December 31, 2002. These consolidated financial statements
are the responsibility of the Company's Management. Our responsibility is to
express an opinion on these consolidated financial statements based on our
audit.

We conducted our audit in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement. An audit includes
examining on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the results of operations and cash flows of
ABSS, CORP. and Subsidiary for the year ended December 31, 2002 in conformity
with accounting principles generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As disclosed in the
consolidated financial statements and notes to the consolidated financial
statements, the Company has suffered significant losses. These conditions raise
substantial doubt about the Company's ability to continue as a going concern.
Management's plans regarding these matters are described in the notes to the
consolidated financial statements. The consolidated financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

                                                     /s/ Sellers & Andersen, LLC
April 13, 2004
Murray, Utah



<PAGE>



                          ABSS, CORP. AND SUBSIDIARIES

                        CONSOLIDATED FINANCIAL STATEMENTS

                           DECEMBER 31, 2003 AND 2002




<PAGE>


                          ABSS, CORP. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
                                December 31, 2003

                                     ASSETS
<TABLE>
<CAPTION>

CURRENT ASSETS:
<S>                                                                               <C>
     Cash                                                                         $    9,417
                                                                                  ----------
             Total Current Assets                                                      9,417
                                                                                  ----------


TOTAL ASSETS                                                                      $    9,417
                                                                                  ==========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
      Current maturities of notes payable - related parties                       $  200,000
      Accounts payable and accrued expenses                                          137,931
      Accrual for judgments, litigation and contingencies                            240,000
      Shareholder advances                                                            36,400
                                                                                  ----------
             Total Current Liabilities                                               614,331
                                                                                  ----------

Commitments and contingencies                                                              -
                                                                                           -

STOCKHOLDERS' EQUITY (DEFICIENCY):
     Preferred stock; 5,000,000 shares authorized; $.01 par value;
       0 shares issued and outstanding                                                     -
     Capital stock, $.01 par value; 20,000,000 shares authorized;
       11,617,043 and 5,717,043 shares issued and outstanding
       at December 31, 2003 and 2002, respectively                                   116,170
     Additional paid-in capital                                                    8,408,188
     Accumulated (deficit)                                                        (9,129,272)
                                                                                  ----------
             Total Stockholders' Equity (Deficiency)                                (604,914)
                                                                                  ----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)                              $    9,417
                                                                                  ==========

</TABLE>

   The accompanying notes are an integral part of these financial statements
                                       1


<PAGE>


                      CONSOLIDATED STATEMENTS OF OPERATIONS
                 FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002

<TABLE>
<CAPTION>

                                                                    Years Ended
                                                                    December 31,      December 31,
                                                                       2003              2002
                                                                 ---------------   --------------

<S>                                                                  <C>              <C>
REVENUES                                                             $        -       $         -
                                                                 ---------------   --------------

OPERATING EXPENSES:
    Depreciation and amortization                                             -             4,893
    General and administrative expenses                                182,822            104,679
                                                                 ---------------   --------------

TOTAL OPERATING EXPENSES                                               182,822            109,572
                                                                 ---------------   --------------

(LOSS) FROM OPERATIONS                                                 (182,822)         (109,572)
                                                                 ---------------   --------------

OTHER INCOME (EXPENSE)
    Gain on disposal of equipment                                                          12,766
    Reduction for litigation costs                                      560,000                 -
    Interest expense                                                     (4,574)                -
    Debt forgiveness                                                    141,232                 -
    Interest income                                                          7                  -
                                                                             --                 -

NET OTHER INCOME (EXPENSE)                                             696,665             12,766
                                                                 ---------------   --------------

NET INCOME (LOSS)                                                    $ 513,843        $   (96,806)
                                                                 ===============   ==============

NET INCOME (LOSS) PER SHARE:
      BASIC AND DILUTED                                              $    0.07        $     (0.03)
                                                                 ===============   ==============

WEIGHTED AVERAGE SHARES OUTSTANDING:
      BASIC AND DILUTED                                              7,627,728          3,073,449
                                                                 ===============   ==============

</TABLE>


   The accompanying notes are an integral part of these financial statements
                                       2


<PAGE>

                          ABSS, CORP. AND SUBSIDIARIES

          CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
                 FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002

<TABLE>
<CAPTION>
                                                                                                                           Net
                                                                                          Additional                  Stockholders'
                                             Preferred Stock        Capital Stock          Paid-in      Accumulated       Equity
                                             Shares   Amount     Shares       Amount       Capital      (Deficit)     (Deficiency)

<S>                                             <C>  <C>     <C>           <C>           <C>          <C>             <C>
Balance, December 31, 2001                      --   $    --     127,509   $     1,275   $ 8,070,531  $ (9,546,309)   $(1,474,503)

Issuance of shares for services                 --        --   5,589,534        55,895        69,157            --      125,052

Net (loss) for the year ended December 31, 2002 --        --          --            --            --       (96,806)     (96,806)
                                                -- --------- -----------   -----------   -----------   -----------  -----------

Balance, December 31, 2002                      --        --   5,717,043        57,170     8,139,688    (9,643,115)  (1,446,257)

Issuance of shares for services                 --        --   1,750,000        17,500        95,000            --      112,500

Issuance of shares for litigation settlement    --        --   4,000,000        40,000       160,000            --      200,000

Issuance of shares for cash                     --        --     150,000         1,500        13,500            --       15,000

Net income for the year ended December 31, 2003 --        --          --            --            --       513,843      513,843
                                                -- --------- -----------   -----------   -----------   -----------  -----------

Balance, December 31, 2003                      --   $    -- $11,617,043   $   116,170   $ 8,408,188  $ (9,129,272) $  (604,914)
                                                ==   ======== ===========   ===========  ===========   ===========  ===========
</TABLE>

    The accompanying notes are an integral part of these financial statements
                                        3

<PAGE>

                          ABSS, CORP. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002
<TABLE>
<CAPTION>
                                                                              Years Ended
                                                                              December 31,       December 31,
                                                                                  2003               2002
                                                                            -----------------  -----------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                               <C>                <C>
     Net loss                                                                     $  513,843         $  (96,806)
     Adjustments to reconcile net loss to net cash used
          in operating activities:
             Depreciation and amortization                                                 -              4,893
             Gain on disposal of equipment                                                 -            (12,766)
             Debt forgiveness                                                       (141,232)
             Reduction for litigation costs                                         (560,000)                 -
             Common stock issued for services                                        112,500             74,746
          Changes in assets and liabilities:
             Increase in accounts payable and accrued expense                         67,806              4,933
                                                                            -----------------  -----------------

             Net cash provided (used) by operating activities                         (7,083)           (25,000)
                                                                            -----------------  -----------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Equipment for partial settlement of debt to shareholder                               -             25,000
                                                                            -----------------  -----------------

             Net cash provided (used) in investing activities                             -              25,000
                                                                            -----------------  -----------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Proceeds from issuance of common stock                                           15,000                  -
     Proceeds from shareholder advances                                                1,500            (24,074)
                                                                            -----------------  -----------------

             Net cash provided (used) by financing activities                         16,500            (24,074)
                                                                            -----------------  -----------------

             Net increase (decrease) in cash                                           9,417            (24,074)
CASH AT BEGINNING PERIOD                                                                  -              24,074
                                                                            -----------------  -----------------

CASH AT END OF PERIOD                                                             $    9,417         $        -
                                                                            =================  =================

SUPPLEMENTAL CASH FLOW INFORMATION:
     Cash paid for interest                                                       $        -         $        -
                                                                            =================  =================
     Cash paid for income taxes                                                   $        -         $        -
                                                                            =================  =================

NON-CASH TRANSACTIONS:
     Stock issued in exchange for services                                        $  112,500         $   74,746
                                                                            =================  =================
     Stock issued for reduction in litigation costs                               $  560,000         $        -
                                                                            =================  =================
     Debt forgiveness                                                             $  141,232         $        -
                                                                            =================  =================
</TABLE>



    The accompanying notes are an integral part of these financial statements
                                        4





<PAGE>


                          ABSS, CORP. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003


NOTE 1 - Organization, History and Business Activity

The Company was incorporated May 11, 1984 under the laws of the State of
Delaware as C.M.S. Advertising. It changed its name to Unico, Inc. on September
25, 1989 and to ABSS, Corp. on April 25, 2002.

The Company is authorized to issue up to 20,000,000 shares of common stock,
$0.01 par value. The Company also has class A preferred stock, none of which are
issued or outstanding. Management will determine the terms when any preferred
stock is issued.

The Company completed a 30 for 1 reverse stock split on April 25, 2002. The
financial statements and the notes to the financial statements reflect these
changes retroactively since its inception. In May 1998, the Company sold its
subsidiary, United Marketing Solutions, Inc. (UMSI) to NexGen.

In May 1999, the Company acquired all of the stock of Silver Valley Energy
("SVE"). SVE was inactive when acquired and remained inactive throughout the
time SVE was owned and controlled by the Company. SVE owned oil and gas lease
rights, the lease rights being its only asset, and it had no liabilities. In
2001, SVE did not pay the renewal fees to retain the lease rights and therefore
they were fortified and SVE was turned back to the prior owners, Southwin
Financial, Ltd. ("Southwin") These actions resulted in a law suit and in a
subsequent default judgment of $960,000 plus legal fees and interest against the
Company. Southwin later sold their default judgment to Communications Holding
Corp. ("CHC").

On May 1, 2000, the Company acquired all of the issued and outstanding stock of
BidInvite, Inc. ("BI") for 10,000 shares of stock. The business plan of BI
envisioned an internet based bid solicitation system for the construction
industry. This acquisition was accounted for under the purchase method. On
September 15, 2000, the Company sold a 95% interest in BI, to foreign investors
for a $1,000,000 non-interest bearing note. Under the terms of this note,
payment of $500,000 was to be made if and when the purchasers were able to
secure $3,000,000 in financing for the BI business plan. Additionally, another
$500,000 was due if and when the purchasers were able to obtain another
$3,000,000 of financing. Because of the contingent nature of the sale of BI, no
revenue recognition of the sale has been reflected in the Company's financial
statements and none has been received.

                                       5

<PAGE>

In July 2000, the Company acquired all of the issued and outstanding stock of
The Independent News ("IN"), a freely distributed newspaper in Northern New
Jersey, having a circulation of 110,000 for 320,000 shares of Company stock. The
newspaper employed approximately 25 individuals actively engaged in the
publication of the newspaper, in selling advertising, and in distribution
activities. This was accounted for as a purchase transaction with the excess of
liabilities assumed over the assets received recognized as goodwill.

The Company initially ran the newspaper business through IN. Later in 2000, the
Company created Pompton Valley Publishing Co. ("PVP"), and transferred all
operations, assets and liabilities of IN into PVP. In August 2001, all newspaper
and related activities ceased and IN and PVP went out of business.

On October 3, 2001, the Company created the wholly owned subsidiary Money
Bucket, Inc. ("MBI") a Nevada corporation. At December 31, 2003 and 2002, this
is the only remaining subsidiary of the Company. The purpose of MBI was to
develop and market fashion wear on the internet. On March 17, 2003, MBI
ceased this activity as it had been unsuccessful in marketing its fashion line
of clothing. Money Bucket is presently an inactive corporation.

On July 11, 2003, the Company filed a Form 8K with the SEC based on a change in
control of the Company and the appointment of a new President of the Company.
Mr. Alan Lew acquired the majority interest from Cybernic Holdings in a private
transaction. Prior directors and officers resigned after appointing Alan Lew as
Director and President.

On September 2, 2003, the Company entered into a settlement and release
agreement with Communications Holding Corp. ("CHC"). CHC had purchased the
$960,000 default judgment plus legal fees and accrued interest against the
Company from Southwin. Under the terms of the agreement the Company gave CHC a
$200,000 promissory note payable due in one year, which accrues at 7% per annum.
The Company also issued 4,000,000 shares of restricted common stock, which after
the transaction was approximately 41% of the total stock ownership. In addition,
CHC was granted the right to appoint two of the three board of directors of the
Company. As a result of this transaction, Mr. Aaron Etra and Mr. Andre Todd were
appointed to the Board of Directors of the Company along with Alan Lew.

The Company is changing its focus and now looks to enter into the Biotechnology,
Nutraceutical, Nanotechnology and Communications sectors of the economy.
Management anticipates these efforts will require raising additional capital.


                                       6

<PAGE>

NOTE 2 - Significant Accounting Policies

This summary of significant accounting policies of ABSS, Corp. (the "Company")
is presented to assist in understanding the Company's financial statements. The
financial statements and notes are representations of the Company's management,
which is responsible for their integrity and objectivity. These accounting
policies conform to accounting principles generally accepted in the United
States of America and have been consistently applied in the preparation of the
financial statements.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the
Company and its wholly owned subsidiary, Money Bucket, Inc. since its
incorporation October 3, 2001.

As the Company expands and acquires direct and indirect controlling financial
interests in other entities the Company will follow the requirements as outlined
in APB Opinion No. 18.

Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and 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.

Concentration of Risk

The Company places its cash and temporary cash investments with established
financial institutions.

Long-lived Assets

Long-lived assets are stated at cost. Maintenance and repairs are expensed as
incurred. Depreciation is determined using the straight-line method over the
estimated useful lives of the assets, which is between three to ten years.

Where an impairment of a property's value is determined to be other than
temporary, an allowance for the estimated potential loss is established to
record the property at its net realizable value.

                                       7

<PAGE>

When items of land, building or equipment are sold or retired, the related cost
and accumulated depreciation are removed from the accounts and any gain or loss
is included in the results of operations.

Income Taxes

The Company accounts for income taxes using the asset and liability method. The
differences between the financial statement and tax bases of assets and
liabilities are determined annually. Deferred income tax assets and liabilities
are computed for those differences that have future tax consequences using the
currently enacted tax laws and rates that apply to the period in which they are
expected to affect taxable income. Valuation allowances are established, if
necessary, to reduce deferred tax asset accounts to the amounts that will more
likely than not be realized. Income tax expense is the current tax payable or
refundable for the period, plus or minus the net change in the deferred tax
asset and liability accounts.

Cash

The Company considers all highly liquid investments with maturities of three
months or less to be cash equivalents.

Shares for Services and Other Assets

The Company accounts for non-cash stock-based compensation issued to
non-employees in accordance with the provisions of SFAS No. 123 and EITF No.
96-18, Accounting for Equity (deficit) Investments That Are Issued to
Non-Employees for Acquiring, or in Conjunction with Selling, Goods or Services.
Common stock issued to non-employees and consultants is based upon the value of
the services received or the quoted market price, whichever value is more
readily determinable.

Revenue Recognition

The Company recognizes revenue in the period in which the services are rendered
and the products are shipped.

Loss Per Share

The Company is required to provide basic and dilutive earnings (loss) per common
share information.

The basic net loss per common share is computed by dividing the net loss
applicable to common stockholders by the weighted average number of common
shares outstanding.

                                       8

<PAGE>

Diluted net loss per common share is computed by dividing the net loss
applicable to common stockholders, adjusted on an "as if converted" basis, by
the weighted average number of common shares outstanding plus potential dilutive
securities.

For the period ended December 31, 2002, potential dilutive securities had an
anti-dilutive effect and were not included in the calculation of diluted net
loss per common share.

Recent Accounting Pronouncements

In  August  2001,  the FASB  issued  SFAS No.  143,  "Accounting  for Asset
Retirement  Obligations".  This statement  addresses the diverse accounting
practices  for  obligations  associated  with the  retirement  of  tangible
long-lived  assets and the associated asset retirement  costs.  ABSS, Corp.
will be  required  to adopt  this  statement  effective  January  1,  2004.
ABSS,  Corp.  does not expect  that the  adoption of SFAS No. 143 will have
any  effect  on  the  Company's   financial   statement   presentation   or
disclosures.

In  April  2002,  the  FASB  issued  SFAS  No.  145,  "Rescission  of  FASB
Statements  No. 4, 44 and 64,  Amendment  of FASB  Statement  No.  13,  and
Technical   Corrections."  This  SFAS  made  revisions  to  the  accounting
for gains and losses from the  extinguishment  of debt,  rescinded SFAS No.
44 and required  certain lease  modifications  that have  economic  effects
similar  to   sale-leaseback   transactions   be   accounted   for  in  the
same  manner  as   sale-leaseback   transactions.   ABSS,   Corp.  will  be
required  to adopt SFAS No. 145 on January 1, 2003.  The  adoption  of SFAS
No.  145  is not  expected  to  have a  material  impact  on the  Company's
financial statements.

In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
with Exit or Disposal Activities," which requires companies to recognize costs
associated with exit or disposal activities when they are incurred rather than
at the date of a commitment to an exit or disposal plan. Such costs covered by
the standard include lease termination costs and certain employee severance
costs that are associated with a restructuring, discontinued operation, plant
closing, or other exit or disposal activity. SFAS No. 146 replaces the previous
accounting guidance provided by the Emerging Issues Task Force Issue No. 94-3,
"Liability Recognition for Certain Employee Termination Benefits and Other Costs
to Exit an Activity (including Certain Costs Incurred in a Restructuring)." SFAS
No. 146 is to be applied prospectively to exit or disposal activities initiated
after December 31, 2002. The Company does not anticipate that the adoption of
SFAS No. 146 will have any effect on its financial statement presentation or
disclosures.

In November 2002, the FASB issued Interpretation No. 45, "Guarantor's Accounting
and Disclosure Requirements for Guarantees, Including Indirect Guarantees of
Indebtedness of Others" ("FIN45"). FIN45 elaborates on the existing disclosure
requirements for most guarantees, including loan guarantees such as standby
letters of credit.

                                       9

<PAGE>

It also clarifies that at the time a company issues a guarantee, the Company
must recognize an initial liability for the fair market value of the obligations
it assumes under that guarantee and must disclose that information in its
interim and annual financial statements. The initial recognition and measurement
provisions of FIN 45 apply on a prospective basis to guarantees issued or
modified after December 31, 2002. ABSS, Corp. has implemented the disclosure
provisions of FIN45 in its December 31, 2003 financial statements, without
significant impact.

In January 2003, the FASB issued Interpretation No. 46, "Consolidation of
Variable Interest Entities (and Interpretation of ARB No. 51)" ("FIN46"). FIN46
addresses consolidation by business enterprises of certain variable interest
entities, commonly referred to as special purpose entities. The Company will be
required to implement the other provisions of FIN46 in 2003. The Company does
not anticipate that the adoption of FIN46 will have any effect on its financial
statement presentation or disclosure.

The Company does not expect that the adoption of other recent accounting
pronouncements to have any material impact on its financial statements.
Reclassifications Certain amounts in 2002 have been reclassified and represented
to conform to the current financial statement presentation.

NOTE   3 - Financial Condition and Going Concern

The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business. The Company incurred a net loss
of $182,822 (from operations) for the period ended December 31, 2003 and has
negative working capital of $604,914. It also sustained operating losses in
prior years as well. These factors raise substantial doubt as to its ability to
obtain debt and/or equity financing and achieve profitable operations.

Management intends to raise additional operating funds through equity and/or
debt offerings. However, there can be no assurance management will be successful
in its endeavors. Ultimately, the Company will need to achieve profitable
operations in order to continue as a going concern.

There are no assurances that ABSS, Corp. will be able to either (1) achieve a
level of revenues adequate to generate sufficient cash flow from operations; or
(2) obtain additional financing through either private placement, public
offerings and/or bank financing necessary to support its working capital
requirements. To the extent that funds generated from operations and any private
placements, public offerings and/or bank financing are insufficient, the
company will have to raise additional working capital. No assurance can be
given that additional financing will be available, or if available, will be on
terms acceptable to ABSS, Corp.. If adequate working capital is not available
ABSS, Corp. may be required to curtail its operations.

                                       10

<PAGE>

NOTE 4 - Note Payable-Related Parties

<TABLE>
<CAPTION>
                                                                Maturity Date     Interest
                                         Collateral                                 rate            2003
                                 ---------------------------    ------------    -----------    ---------------

<S>                              <C>                                <C>        <C>        <C>
Related Party                    Unsecured                          8/25/04         7%         $     200,000

Less: current portion of long-term debt                                                             (200,000)
                                                                                               -------------
Long-term debt                                                                                 $           0
                                                                                               =============
</TABLE>

Principal repayments for each of the next five years are as follows:

                                              Amount
                                         ----------------
                 2004                    $       200,000
                                         ===============


NOTE 5 - Shareholder Advances

The Company has shareholder advances totaling $36,400 that bear interest at 0%.
The advances are unsecured and are due upon demand.

NOTE 6 - Income Taxes

Deferred taxes are determined based on the temporary differences between the
financial statement and income tax bases of assets and liabilities as measured
by the enacted tax rates which will be in effect when these differences reverse.

The Company has not filed income tax returns for some years. Management believes
there are no significant income tax liabilities owing. No provision was made for
income taxes in 2003 and 2002 as a result of the net losses each year.

Net operating loss carry forwards have not been established because: 1) Tax
returns are not filed currently, and 2) Significant ownership changes have
occurred. Therefore, net operating loss carry forwards are not recognized
against which a valuation reserve can be applied. If the Company recognized a
valuation reserve, it would be offset by an equal amount of deferred tax benefit
as no assurance can be given it can be used.

                                       11

<PAGE>

The components of deferred income tax assets (liabilities) at December 31, 2003,
were as follows:

                                                              Amount
                                                          ----------------
      Net operating loss carry forward - Benefit          $        28,000
      Valuation allowance - (Deduction)                           (28,000)
                                                          ---------------
      Net deferred tax assets                             $             -
                                                          ===============

At December 31, 2003, ABSS, Corp. has a net operating loss carry forward for
Federal income tax purposes totaling approximately $187,000 which, if not
utilized, will expire in the year 2023.

In June 2002 and then again in May 5, 2003, ABSS, Corp. had a change in
ownership, which has resulted in a net operating loss carry forward being
subject to certain utilization limitations in the future.

NOTE 7 - Commitments and Contingencies

None

NOTE 8- Litigation

The Company has judgments, lawsuits and contingent liabilities as explained
further in this note. Management estimated that the costs to settle these
judgments, lawsuits and contingent liabilities for the Company wouldn't exceed
an aggregate of $1,200,000. One of these lawsuits was settled as mentioned
below, and accordingly, the accrual for litigation, judgments and contingencies
is reduced from $1,200,000 to $240,000 on the balance sheet with the net change
recorded as $200,000 note payable on the balance sheet and $200,000 reported as
stock for debt in the equity section of the balance and the remaining balance of
$560,000 reported as an other income of the statement of operations.

The Company has been sued in connection with its acquisition of Silver Valley
Energy (SVE). In addition, in October 2000 the Company received a default
judgment against it in the amount of $960,000 plus legal costs and interest. The
Company negotiated a non-monetary settlement. As consideration for the default
judgement, the Company issued 4,000,000 shares of its common stock and a note in
the amount of $200,000 bearing an interest rate of 7% due in one year.

The Company has been sued by the former Chief Executive Officer of BidInvite,
Inc. The lawsuit is filed in the Superior Court of the State of Delaware. Sussex
County, entitled "David Venables v Unico, Inc. and BidInvite.com, Inc., Case No.
00C-11-015 THG." The case is a claim for unpaid wages and breach of contract. On
December 2000 Venables obtained a judgment by default (for failure to respond to
the Complaint) against the Company and BidInvite a former subsidiary of the
Company. The amount of the judgment is $1,360,000. The Company has been in
negotiations to settle this judgment.

                                       12

<PAGE>

NexGen has alleged that the Company is in default with respect of its $200,000
note payable issued in connection with the Company's acquisition of The
Independent News (IN) in July 2000. At December 31, 2000 $156,000 remained
unpaid. At December 31, 2001 the $156,000 remaining unpaid was completely
written off as management believed that certain financial misrepresentations
were made in connection with its acquisition of IN. Legal counsel indicates it
does not appear likely that NexGen will be taking any affirmative action.
When IN and its successor company, Pompton Valley Publishing Co., ceased
operations in 2001 IN left debt owing various creditors amounting to $328,752.
Legal counsel at the time indicated the Company will not be held liable for the
debts of IN. Accordingly, the $328,752 of debt IN owes was written off in 2001.
In addition to the $328,752 of debt IN owes, a lawsuit is filed against IN for
apparent printing work provided for IN for an amount in excess of $40,000. Legal
counsel in 2001 indicated that IN, which is out of business, would not have to
pay it and that it would be difficult for the plaintiff to show liability to the
Company (ABSS as the parent).

NOTE 9 - Common Stock

Under Form S-8, the Company registered 3,750,000 shares to be issued for
consulting services. The agreements were entered into resulting in 1,500,000 of
these shares being issued with a total expense being recorded of $87,500.

Additionally, under this registration 250,000 shares of the Company's common
stock were issued to the Company's attorneys with a total expense being recorded
of $25,000.

In addition, 150,000 shares of the Company's common stock were issued for cash
consideration of $15,000.

Warrants have been issued to the new officers and directors of the Company, and
to the consultants mentioned above. Each warrant is equal to one share of common
stock. The aggregate number of stock warrants granted is 2,150,000 and they must
be exercised on or before 5 year of November 26, 2008.

Services were exchanged for common stock during 2002 and 2001 in the amount of
5,589,534 shares valued at $74,746 and 36,427 shares valued at $161, 734
respectively.



                                       13