SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-KSB

Annual Report Under Section 13 or 15(d) of the

Securities Exchange Act of 1934

[X]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For Fiscal Year Ended

December 31, 2002

Commission File #0-15303

ABSS, Corp.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation or organization)

73-1215433

(IRS Employer Identification Number)

P.O. Box 723244, Atlanta, GA 31139

(Address of principal executive offices )      (Zip Code)

(877) 768 2227

(Registrant's telephone no., including area code)

315 Greenwich Avenue, Greenwich, CT 06830

(Former name, former address and former fiscal year, if

changed since last report)

Securities registered pursuant to Section 12(b) of the

Act:       NONE

Securities registered pursuant to Section 12(g) of the

Act:        Common Stock, $.01 par value

Indicate by check mark whether the registrant (1) has

filed all reports required to be filed by Section 13 or

15(d) of the Securities Exchange Act of 1934 during the

preceding 12 months (or for such shorter period that the

registrant was required to file such reports), and (2)

has been subject to such filing requirements for the past

90 days.

Yes   [ X]     No [  ]

Check if there is no disclosure of delinquent filers in

response to Item 405 of Regulation S-B not 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.        Yes   [ X]     No [  ]

Revenues for year ended December 31, 2002.  $ 0

Aggregate market value of the voting common stock held by

non- affiliates of the registrant as of December 31,

2001, was: $15,170

Number of shares of the registrant's common stock

outstanding as of December 31, 2001 was: 5,717,043

Transfer Agent as of December 31, 2002: 	Olde Monmouth Stock Transfer Co., Inc.						77 Memorial Parkway, Suite 101

Atlantic Highlands, NJ 07716

**PART I**

Item 1.  Description of Business

---------------------------------------

General

-----------

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 it changed its 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.

The Company's Business

-------------------------------

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 Blå, 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 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.

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.

The Company is actively seeking other investment opportunities.  No such opportunities have been
identified as of the date of this filing.

Employees

---------------

The Company had one full time employee as of December 31, 2002.



Item 2. Description of Property

--------------------------------------



As of December 31, 2002, the Company operated its corporate headquarters through an executive office
located at 315 Greenwich Avenue, Greenwich Connecticut 06830 paid for by a shareholder.  In
conjunction with Sheila Allen-Styles closing of its operations, the Company closed its offices and
operated from its regional office in Atlanta, GA.

As of March 17, 2003 the Company closed its regional office in Atlanta, GA and is now operating from
P.O. Box 723244, Atlanta, GA 31139.



Item 3.  Legal Proceedings

---------------------------------

On April 20,2000, the Company was sued by the seller of Silver Valley Energy (Southwin Financial
LTD) for breach of contract in the 104th District Court in and for Taylor County, Texas. This suit
resulted in default judgments in the amount of $960,000 in Texas and Connecticut on January 16, 2001.
The Company has initiated a communication to settle the matter out of court on favorable terms.

On November 20, 2000 the Company was sued by the former Chairman and CEO of BidInvite, one of the
Company's subsidiaries, alleging that an oral contract existed requiring the Company to deliver to the
former Chairman and CEO 100,000 share of free trading stock, among other things. This suit resulted in
a default judgment.  The Company has initiated a communication to settle the matter out of court on
favorable terms.



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

-------------------------------------------------------------------------



Not Applicable

**PART II**



Item 5. Market for Common Equity and Related Stockholder Matters

-------------------------------------------------------------------------------------



On December 31, 2002 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, 2002 and as available through electronic trading
services subsequent to such date.



Common Stock Bid

High				Low

2001

------

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

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 laibilities.
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.

Aleksander Blå

The Company entered on December 17, 2001 into a license and marketing agreement to brand and
produce Aleksander Blå, 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 2001 and 2002 because of the close of its newspaper
operations by the end of 2001.  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 of the
Company funded the costs for those operations.  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 major shareholder.





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.





**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, 2001, 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.

With Company

Name					Age		Since		Director/Position

----------------------------------------------------------------------------------------------------------------------------

Benny Blom				47		2001		Chairman, President and
Chief Executive Officer

Business Experience

-------------------------



BENNY J. BLOM, born on August 18, 1955 in Sweden.  Graduated from Svenska
Akupunkturskolan as doctor in traditional Chinese medicine, Stockholm 1985.  Continued post
graduation studies in Sweden between 1985 - 1989 in regard to leadership, psychology and
business administration.  While studying, Mr. Blom was during the years of 1976 - 1979
working as an apprentice with Johnson & Co., where Mr. Blom re-organized the internal
business administration and assisted the new management in reducing costs, streamlining
production and overall revamped the reporting system between middle management and senior
leadership.  Between the years of 1979 to 1984, Mr. Blom worked as a business and management
consultant for troubled Swedish and Scandinavian enterprises, resulting in many successful
turnarounds for Swedish and neighboring countries' companies.  In 1985 Mr. Blom established,
organized and obtained as the lead partner, Bio Medical a company focused on providing
treatment and medicine based on traditional Chinese medicine.  Mr. Blom successfully sold his
partnership in Bio Medical to his other partners in 1987.  During 1988 - 1989, Mr. Blom worked
as anindependent marketing consultant for several companies in the medical industry resulting in
the successful introduction of many medical and technical products to the markets in Sweden and
South America.  During the years between 1989 and 1992, Mr. Blom worked again as an
independent business consultant and provided strategic planning for design, retail and whole sale
operations of leather goods and women's apparel, export and import trade and establishing of
whole sale accounts for products originated in Eastern Europe and South America for the
European market.  Mr. Blom also worked as an independent consultant between 1989 - 1992 as a
marketing adviser in regard to the privatization process in Eastern Europe.  In 1992, Mr. Blom
moved to Chile to become the president of IBC, S/A, a business consultant firm providing
computer consulting services to domestic and international clients.  In 1994, Mr. Blom
established IBC's offices in Mar del Plata, Argentina, which he left 2001 while focusing on
Nateko S/A, a software and Internet company established by Mr. Blom in 2000.  Following the
international crash in the Internet market, Mr. Blom closed the operations of Nateko in 2001 and
established Argentina Viking Group, S/A., a company providing high tech security systems to
banks and other financial institutions in South America and Europe.

While working closely with local government and the business community in Mar del Plata, Mr.
Blom has initiated and executed the project "Mar del Plata  High Tech City".  Currently, Mr.
Blom is lobbying for a local project on national level to make Mar del Plata a tax free zone for
high tech production, and development, and a world class design and production center for
fashion in competition with Europe and North America.

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

-----------------------------------------



Summary Compensation Table

Annual Compensation

Name and Principal 		Position     		Year     	Salary		Bonus
Restricted
Stock Award

----------------------------------------------------------------------------------------------------------------------

Benny Blom			Chairman,

President, CEO	2001		386,313 shares of

common stock



Item 11. Security Ownership of Certain Beneficial Owners and Management

--------------------------------------------------------------------------------------------



The following table sets forth as of December 31, 2001, 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.



Number of Shares of

Name of Beneficial Owner/		Common Stock		% of Beneficial

Identity of Group			Beneficially Owned		Ownership

----------------------------------------------------------------------------------------------------------------------

Cybernic Holdings, Inc.		 3,813,727				69.63%

Benny Blom				    386,313 				  6.76%

Item 12. Certain Relationships and Related Transactions

-----------------------------------------------------------------------------

On December 17, 2001 the Company entered into a licensing and marketing agreement to
produce and market Aleksander Blå, a fashion brand of women's clothing.  In consideration for
the transaction, the Company agreed to reverse split its issued and outstanding shares with one
new share for each thirty old shares of the Company and to issue 3,791,393 new restricted shares
to Cybernic Holding.  The Company believes that the value and consideration for the transactions
is fair and reasonable.  On May 22, 2002, the Company issued the 3,791,393 shares to Cybernic
Holdings, Inc.  Cybernic Holdings, Inc. is currently funding the Company's operations.

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.

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 is 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.

**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

******SIGNATURES**

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, thereunto duly
authorized.



ABSS, Corp.

May 9, 2003



By: /s/ Benny Blom

----------------------

Benny Blom

Chairman, President and CEO

And Director

Pursuant to the requirements of the Securities Exchange

Act of 1934, this report has been signed below by the

following person on behalf of the registrant and in the

capacity and on the dates indicated.

Name				Title						Date

-----------------		---------                                     		-----

/s/Benny Blom		Chairman, Chief Executive Officer,		May 12, 2003

and President

**ABSS, CORP. AND SUBSIDIARIES******

******Audited Financial Statements**

**and**

**Report of Auditors**

**December 31, 2002**

**ABSS, CORP. AND SUBSIDIARIES**

**f.k.a.**

**UNICO, INC.**

**TABLE OF CONTENTS**

**December 31, 2002**

**INDEPENDENT AUDITOR'S REPORT 	F-1**

**FINANCIAL STATEMENTS:**

**Balance Sheet	F-2**

**Statements of Operations	F-3**

**Statements of Stockholders' Equity (Deficit)	F-4**

**Statements of Cash Flows	F-5**

**NOTES TO FINANCIAL STATEMENTS	F-6 -- F-12**

|******SELLERS & ANDERSEN, LLC**

Certified Public Accountants and Business Consultants****Member SEC Practice Section of the AICPA**** | ****941 East 3300 South, Suite 202

Salt Lake City, Utah 84106

Telephone 801 486-0096

Fax 801 486-0098****
|-------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------

Board of Directors

ABSS, Corp.****

**REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS**



We have audited the accompanying balance sheets of ABSS, CORP. and Subsidiaries as of December 31,
2002 and the related statements of operations, stockholders' equity, and cash flows for the two years
ended December 31, 2002 and 2001.  These financial statements are the responsibility of the Company's
Management.  Our responsibility is to express an opinion on these financial statements based on our
audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of
America.  Those standards require that we plan and perform the audits to obtain reasonable assurance
about whether the 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 provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to previously present fairly, in all material respects, the
financial position of ABSS, CORP. and Subsidiaries as of December 31, 2002 and the results of its
operations and its cash flows for the two years then ended December 31, 2002 and 2001 in conformity
with accounting principles generally accepted  in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as
a going concern.  The Company does not have the necessary working capital to service its debt and for its
planned activity, which raises substantial doubt about its ability to continue as a going concern.
Management's plans in regard to these matters are described in the notes to the financial statements.  The
financial statements do not include any adjustments that might result from the outcome of this
uncertainty.

/s/ Sellers & Andersen, LLC

April 28, 2003

Salt Lake City, Utah

F-1

**ABSS, CORP. AND SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEET**

**AS OF DECEMBER 31, 2002**

|**ASSETS**
|----------
|          

|**CURRENT ASSETS**        |            
|------------------------- | -----------
|Cash and cash equivalents | $         -
|Total current assets      | -          
|                          |            
|**TOTAL ASSETS**          | $         -

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

|**CURRENT LIABILITIES**                                                                                         |                   
|--------------------------------------------------------------------------------------------------------------- | ------------------
|Accounts payable                                                                                                | $          132,463
|Due to shareholder                                                                                              | 113,794           
|Accrual for judgments, litigation and contingencies                                                             | 1,200,000         
|Total current liabilities                                                                                       | 1,446,257         
|                                                                                                                |                   
|Total liabilities                                                                                               | 1,446,257         
|                                                                                                                |                   
|**STOCKHOLDERS' EQUITY (DEFICIT)**                                                                              |                   
|Preferred stock, Series A, C & Redeemable                                                                       |                   
|All recalled and retired                                                                                        | -                 
|Common stock                                                                                                    |                   
|$.001 par value, 20,000,000 shares authorized, 5,717,043 shares issued

and outstanding as of December 31, 2002 | 5,717             
|Additional paid-in capital                                                                                      | 8,191,141         
|Retained earnings (deficit)                                                                                     | (9,643,115)       
|Total stockholders's equity (deficit)                                                                           | (1,446,257)       
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                            | $         -       

See Notes to Financial Statements

F-2

**ABSS, CORP. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

**FOR THE YEARS ENDED DECEMBER 31,**

|                                                  |                   | **2002**           | **2001**

******(RESTATED****)**
|------------------------------------------------- | ----------------- | ------------------ | --------------------------------
|**REVENUE**                                       | $          -      | $1,186,891        
|                                                  |                   |                   
|**EXPENSES**                                      |                   |                   
|Postage & costs of production                     | -                 | 1,003,119         
|Selling, general and administrative expenses      | 104,679           | 570,579           
|Depreciation of equipment                         | 4,893             | 15,454            
|Amortization of goodwill                          | -                 | 38,371            
|Total expenses                                    | 109,572           | 1,627,523         
|**INCOME (LOSS) FROM OPERATIONS**                 | (109,572)         | (440,632)         
|                                                  |                   |                   
|**OTHER INCOME (EXPENSES)**                       | (1,316,006)       | (857,820)         
|Write down of long-term assets impaired           | -                 | (955,410)         
|Gain on disposal of equipment                     | 12,766            | -                 
|Gain on cancellation of debt                      | -                 | 484,572           
|Provision for litigation                          | -                 | (240,000)         
|Total other income (expenses)                     | 12,766            | (710,838)         
|**INCOME (LOSS)** **BEFORE INCOME TAXES**         | (96,806)          | (1,151,470)       
|**PROVISION FOR INCOME TAXES**                    | -                 | -                 
|**NET INCOME (LOSS)**                             | $ (96,806)        | $ (1,151,470)     
|                                                  |                   |                   
|**BASIC AND DILUTIVE EARNINGS (LOSS) PER SHARE:** |                   |                   
|**NET EARNINGS (LOSS) PER SHARE**                 | $          (0.03) | $          (17.40)
|**WEIGHTED AVERAGE COMMON SHARES:**               |                   |                   
|Basic and dilutive common shares                  | 3,073,449         | 66,158            

See Notes to Financial Statements

F-3

**ABSS, CORP. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)**

**FOR THE YEARS ENDED DECEMBER 31, 2001 AND 2000 (RESTATED)**

|                                     | Common Stock | Additional
Paid-in
Capital | Accumulated
(Deficit) | Net Equity
(Deficiency)
|------------------------------------ | ------------ | -------------------------- | --------------------- | -----------------------
|Shares                               | Amt         
|Balance December 31, 2000            | 41,685       | $42                        | $7,677,406            | $(8,394,839)           
|Stock issued for services            | 36,427       | 37                         | 161,297               |                        
|Stock issued for debt payoff         | 49,397       | 49                         | 283,281               |                        
|Net Income (loss) for the period     |              |                            |                       | (1,151,470)            
|Balance December 31, 2002
(Restated) | 127,509      | 128                        | 8,121,984             | (9,546,309)            
|Stock issued for services            | 5,589,534    | 5,589                      | 69,157                |                        
|Net income (loss) for the period     |              |                            |                       | (96,806)               
|Balance December 31, 2002            | 5,717,043    | $5,717                     | $8,191,141            | $(9,643,115)           



See Notes to Financial Statements

F-4

**ABSS, CORP. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

**FOR THE YEARS ENDED DECEMBER 31,**

|                                                                                                |              | **2002**        | **2001**

**(RESTATED)**
|----------------------------------------------------------------------------------------------- | ------------ | --------------- | ------------------------
|**CASH FLOWS FROM OPERATING ACTIVITIES**                                                        |              |                
|Net income (loss)                                                                               | $   (98,806) | $   (1,151,470)
|Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: |              |                
|Cancellation of debt                                                                            | -            | (484,572)      
|Provision  for litigation                                                                       | -            | 240,000        
|Depreciation and amortization                                                                   | 4,893        | 58,718         
|Write off long lived asset - oil & gas lease rights                                             |              | 40,000         
|Write off long lived asset - goodwill, net                                                      |              | 915,410        
|Abandonment of fixed assets                                                                     |              | 88,915         
|Gain on disposal of equipment                                                                   | (12,766)     |                
|Stock issued for debt cancellation                                                              |              | 283,330        
|Stock issued for services rendered                                                              | 74,746       | 161,334        
|Changes in assets and liabilities:                                                              |              |                
|(Increase) decrease in accounts receivable - trade, net                                         | -            | 181,946        
|(Increase) decrease in other assets                                                             | -            | 11,779         
|Increase (decrease) in accounts payable                                                         | 4,933        | 156,314        
|Increase (decrease) in other current liabilities                                                | -            | (353,984)      
|Net cash provided (used) by operating activities                                                | (25,000)     | 147,720        
|**CASH FLOWS FROM INVESTING ACTIVITIES**                                                        |              |                
|Equipment for partial settlement of debt to shareholder                                         | 25,000       | -              
|Net cash provided (used) by investing activities                                                | 25,000       | -              

|**CASH FLOWS FROM FINANCING ACTIVITIES**            |                        |                       
|--------------------------------------------------- | ---------------------- | ----------------------
|Increase (decrease) in bank overdraft               | -                      | (21,331)              
|Increase (decrease) in due to shareholder           | (24,074)               | (102,443)             
|Issuance common stock                               | -                      | -                     
|Net cash provided (used) by financing activities    | (24,074)               | (124)                 
|**(DECREASE) IN CASH AND CASH EQUIVALENTS**         | (24,074)               | 23,946                
|                                                    |                        |                       
|**CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR**    | 24,074                 | 128                   
|                                                    |                        |                       
|**CASH AND CASH EQUIVALENTS, END OF YEAR**          | -                      | 24,074                
|                                                    |                        |                       
|**SUPPLEMENTAL CASH FLOWS DISCLOSURE:**             |                        |                       
|Cash paid for interest                              | $                    - | $                    -
|Cash paid for taxes                                 | $                    - | $                    -
|                                                    |                        |                       
|**NON CASH ITEMS:**                                 |                        |                       
|Stock issued for services rendered                  | $74,746                | $161,334              
|Stock issued for debt payoff                        | -                      | 283,330               
|Provision for litigation                            | -                      | 240,000               
|Debt cancellation                                   | -                      | 484,572               
|Write off long lived asset - goodwill               | -                      | 915,410               
|Write off long lived asset - oil & gas lease rights | -                      | 40,000                



F-5

**ABSS, CORP. AND SUBSIDIARIES**

**NOTES TO FINANCIAL STATEMENTS**

**DECEMBER 31, 2002**

**NOTE 1 - ORGANIZATION, HISTORY AND BUSINESS ACTIVITY**

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

The Company is authorized to issue up to 20,000,000 shares of common stock, $0.001 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 10 for 1 reverse stock split on August 24, 2001 and 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 entered into an agreement to sell its only active subsidiary,
United Marketing Solutions, Inc. (UMSI) to NexGen.  This left the Company as a publicly
traded "shell" company.

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 the oil and gas lease rights, the lease rights
being the 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 ceased.

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 is to be made if and when the purchasers are
able to secure $3,000,000 in financing for the BI business plan.  Additionally, another
$500,000 will be due if and when the purchasers are 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.



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 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, 2001 and 2002, this is the only remaining subsidiary of
the Company.  The purpose of MBI is to develop and market fashion wear on the internet.  On
February 28, 2003, MBI ceased this activity and became inactive.

******NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:**

**Reporting Results of Operations**

The accompanying financial statements include the activity and results of operations of the
Company and its subsidiaries, including defunct subsidiaries ceasing operations through the
data operations ceased.

Both the financial statements and the income tax returns are reported as of December 31,
and are on the accrual basis of accounting.

**Cash and Cash Equivalents**

For purposes of the statement of cash flows, cash equivalents include cash in banks and all
highly liquid investments with original maturities of three months or less.

**Accounts Receivable**

Management has elected to record bad debts using the direct write-off method.  Generally

accepted accounting principals require that the allowance method be used to reflect bad
debts.  However, the effect of the use of the direct write-off method is not materially
different from the results that would have been obtained had the allowance method been
followed.

**Property and Equipment**

Property and equipment are stated at cost.  Major replacements and refurbishings are
capitalized while replacements, maintenance and repairs which do not improve or extend
the life of the respective assets are expensed.

The Company provides for depreciation of property, plant and equipment and amortization
of leasehold improvements and software principally by use of declining balance and other

F-7

equipment are depreciated over an estimated useful life of 5 years straight line method of
depreciation.



Depreciation and amortization expense for the years ended December 31, 2002 and 2001
was $4,893 and $58,718 respectively.

**Earnings (Loss) per Share**

Basic and dilutive earnings (loss) per share are computed on a weighted average of shares
issued and outstanding through the year.  Basic and dilutive earnings (loss) per share are
one and the same.

**Income Taxes**

The Company has adopted the provisions of statements of Financial Accounting Standards
No. 109, "Accounting for Income Taxes," which incorporates the use of the asset and
liability approach of accounting for income taxes.  The asset and liability approach requires
the recognition of deferred tax assets and liabilities for the expected future consequences of
temporary differences between the financial reporting basis and the income tax basis of
assets and liabilities.

**Concentration on Credit Risk**

The Company has no assets; therefore, there is no concentration of credit risk.

**Impairment of Long-Lived Assets**

It is the Company's policy to periodically evaluate the economic recoverability of all its
long-lived assets.  In accordance with that policy, when the Company determines that an
asset has been impaired, it recognizes the loss in its statement of operations.

During 2001, goodwill with a net book value of $915,410 and oil and gas lease rights with
a book value of $40,000 were both determined by management to have no value and were
written off.****

**Stock-Based Compensation**

SFAS No. 123, "Accounting for Stock-Based Compensation" established accounting for
stock-based employee compensation plans.  As of December 31, 2002 the Company has no
stock-based compensation plans.

**Advertising**

The Company expenses advertising as it occurs.  The Company incurred insignificant
advertising expenses for years ended December 31, 2002 and 2001.

F-8

**Fair Values of Financial Instruments**

The carrying amounts of the Company's cash, accounts payable and accrued expenses
approximate fair value because of the short maturity of these items.****

**Advertising Costs**

The Company expenses advertising as it occurs.  The Company incurred insignificant
advertising expenses for years ended December 31, 2002 and 2001.

**Revenue Recognition**

Revenue is recognized from sales and services when they are performed.

**Reclassifications**

Certain amounts in 2001 have been reclassified and restated to conform to the current
financial statement presentation.****

**Use of 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 at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting period.  Actual results may differ
from those estimates.

**Recent Accounting Pronouncements**

The Company does not expect that the adoption of other recent accounting pronouncements
will have a material impact on its financial statements.

**NOTE 3 - COMMON STOCK:**

****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.****

During 2001 49,397 share of common stock were issued in exchange for debt valued at
$283,330.

In the course of issuing stock****for services during 2001, all stock options and other forms of
stock incentive plans, both for employees and non-employees were terminated or otherwise
ended and satisfied.  Thus, at December 31, 2002 and 2001 there are no stock plans
outstanding.

F-9****

******NOTE 4 - LEASE COMMITMENTS:******

As of December 31, 2002 and 2001 there are no lease commitments.  During 2001 the
operating facilities were set up under a lease that was terminated when the printing
operations went out of business, at which time the Company was absolved of any further
obligation.

**NOTE 5 - INCOME TAXES:******

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
2002 and 2001 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.

**NOTE 6 - JUDGMENTS, LITIGATION AND CONTINGENCIES AND RELATED GAIN      ON CANCELLATION OF DEBT:******

The Company has judgments, lawsuits and contingent liabilities as explained further in this
note.  Management estimates that the costs to settle these judgments, lawsuits and
contingent liabilities for the Company should not exceed an aggregate of $1,200,000.
Accordingly, the accrual for litigation, judgments and contingencies is recognized in the
balance sheet at $1,200,000.

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.  The Company is attempting to negotiate a non-monetary
settlement.  Legal counsel is unable to provide any assurance of what the ultimate outcome
will be.****

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.  Management believes that the law suit is without substance and is
attempting to have the default judgement vacated.  Legal counsel indicates it is difficult to
estimate what the chances are of vacating the judgment.

****F-10****

NexGen has alleged that the Company is in default with respect of its $200,000 note
payable issued in connection with its 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 is written off to $-0- as management believes 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.  The elimination of $156,000 debt is classified in the statement of operations under
"gain on cancellation of debt" for 2001.

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 is written off in 2001 and is classified in the statement of
operations under "gain on cancellation of debt."

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 7 - GOING CONCERN ISSUES:**

The Company does not have the necessary working capital to service its debt and for its
planned activity, which raises substantial doubt about its ability to continue as a going
concern.

The controlling shareholder continues to fund the company sufficiently to keep it going for
the coming year.  Management is also seeking additional financing through private and
public offerings its plans in the near future.  Also, see the note on subsequent events.****

**NOTE 8 - RELATED PARTY TRANSACTION:******

The director and the officer (President) control approximately 73% of the Company, of
which approximately 72% is owned by a corporation wholly owned by the director.

The corporation that is wholly owned by the director continues to advance operating funds
to the Company.  As of December 31, 2002 and 2001 amounts owed by the Company to the
corporation were $113,794 and $137,868 respectively.

The Company exchanged all of its equipment for a $25,000 reduction in debt to the major
shareholder at a net gain to the Company of $12,766.  The director's wholly owned
corporation also received 3,791,393 shares of restricted stock for services in 2002, valued at
$3,791.

F-11

The president, who is the other director of the Company, received 386,313 shares of
restricted stock in 2002, valued at $386.****

**NOTE 9 - SUBSEQUENT EVENT:**

The officer and director are negotiating to sell 4,200,040 shares of their stock of the
Company to an unrelated party.  This pending sale is expected to close before May 31,
2003.  Upon closing the new party will own about 73% of the total outstanding shares of
the Company.

F-12

**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**

In connection with the Quarterly Report of ABSS, Corp., (the "**Company**") on Form 10-QSB for the period ending June 30, 2002, as filed with the Securities and Exchange Commission
on the date hereof (the "**Report**"), the undersigned Chief Executive Officer and Chief Financial
Officer of the Company hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act 2002 that (based on their knowledge): (1) the Report fully
complies with the requirements of Section 13(a) of 15(d) of the Securities Exchange Act of 1934,
and (2) the information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company as of and for the periods covered in
the Report.



/s/ Benny Blom

Benny Blom, Chief Executive Officer

and Chief Financial Officer

**EXHIBIT 99.2**

**CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER**

I, Benny Blom, being the Chief Executive Officer and Chief Financial Officer of ABSS, Corp.,
certify that:

1.  I have reviewed this quarterly report on Form 10QSB of ABSS, Corp.;

2.  Based on my knowledge, this quarterly report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light
of the circumstances under which such statements were made, not misleading with respect
to the period covered by this quarterly report;

3.  Based on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and for, the periods
presented in this quarterly report;

4.  The registrant's other certifying officers and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14
and 15d-14) for the registrant and have:

(a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in
which this quarterly report is being prepared;

(b) evaluated the effectiveness of the registrant's disclosure controls and procedures
as of a date within 90 days prior to the filing date of this quarterly report (the
"Evaluation Date"); and

(c) presented in this quarterly report our conclusions about the effectiveness of the
disclosure controls and procedures based on our evaluation as of the Evaluation
Date;

5.  The registrant's other certifying officers and I have disclosed, based on our most recent
evaluation, to the registrant's auditor's and the audit committee of registrant's board of directors
(or persons performing the equivalent functions):

(a) all significant deficiencies in the design or operation of internal controls which
could adversely affect the registrant's ability to record, process, summarize and
report financial data and have identified for the registrant's auditors any material
weakness in internal controls; and

(b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and



6.  The registrant's other certifying officers and I have indicated in this quarterly report
whether there were significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of our most recent evaluation, including
any corrective actions with regard to significant deficiencies and material weakness.

Date:   May 12, 2003

/s/ Benny Blom

Benny Blom, Chief Executive Officer

and Chief Financial Officer