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                     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, 2002, 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 001-16381

                                   CERISTAR, INC.
                  (Name of small business issuer in its charter)


           DELAWARE                                            87-0642448
  (State or other jurisdiction                                (IRS Employer
of incorporation or organization)                         identification number)

50 West Broadway, Suite 1100, Salt Lake City, Utah                       84119
(Address of principal executive officers)                             (Zip Code)

       Registrant's telephone number, including area code: (801) 350-2017

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

                       Common Stock, par value $.001 per share
                                    (Title of Class)

         Indicate by checkmark 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 ( )

         Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-B is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of the Form 10-KSB or any
amendment to this Form 10-KSB. ( )

         Registrant's revenues for the fiscal year ended December 31, 2002,
were $521,000

         The aggregate market value of the voting stock held by non-affiliates
of the Registrant as of March 31, 2003, was approximately $3,571,000 based on
the closing price on that date on the OTC Bulletin Board.

         As of March 31, 2003, Registrant had outstanding 6,002,276 shares of
Common Stock.


         PART I

Item 1. Description of Business

         CeriStar, Inc. is a Delaware corporation ("CeriStar"), incorporated in
December of 1999 for the development of a new generation of telecommunication
services using fiber optic cable.  Its principal product is the delivery of
voice, video and data services over a fiber network.  These services include
local and long distance telephone, video conferencing, cable television with
video on demand, computer email and a host of other related services.  Its
markets are wide and varied, including residential, commercial, governmental
and educational institutions.  CeriStar's products were in the development
stage throughout 2001 with marketing commencing in 2002.

         In order to attract the capital needs to commence its marketing
strategies, on September 10, 2002 CeriStar entered into a forward triangular
merger with Planet Resources, Inc. ("Planet"), a Delaware corporation, in which
the issued and outstanding common and preferred stock of CeriStar were
exchanged for the common stock of Planet. CeriStar's series A and B preferred
stock was exchanged for .757 common shares of Planet and CeriStar's common
stock was exchanged for .322 common shares of Planet.  Planet had no
operations for the prior two years.  The merger transaction was accounted for
as a reverse merger.  On October 15, 2002, Planet Resources Inc. was renamed
CeriStar, Inc.

         CeriStar's foundation product is its CeriNet IP (Internet Protocol)
Utility Network.  IP technology and standards have enabled the voice and
computer industry to adopt one, unified architecture that delivers information
across a common fiber or copper line.  CeriNet is an IP open standard
architecture that integrates software and electronic hardware from IP compliant
vendors to handle packets of voice, video and data from origination to
termination of that packet.

Components of the IP Utility Network are:
         *        Layer 2-3 packet switches
         *        Layer 3+ packet routers
         *        Voice, video and data gateways
         *        UNIX, Sun, and Linux based servers
         *        Class 5E equivalent soft switch
         *        Video head end systems (Wholesale to Retail)
         *        OSS/BSS management software
         *        Universal Power Supply (UPS) backup units

CeriNet connects to Local Area Network (LAN) through its standard ports
consisting of:

         *        RJ-11 standard two-wire modular connectors
         *        Quad Cable connectors of four-wire (two twisted-pairs)
                  insulated conductors for CAT-5 wiring
         *        Fiber Optic Terminals connecting copper wire to optical fiber
                  cable
         *        Fiber to Fiber SC APC and SC UPC connection
         *        Fiber to RF conversion for edge devices
         *        RJ-45 eight-pin modular connector in the 10/100BaseT standard
                  for unshielded twisted pair (UTP) connections to smart
                  wiring hubs
         *        Coax RG6 Quad Cable connectors for analog video feeds

         The CeriNet product connects Local Area Network (LAN) customers
including state government, education, municipalities and greenfield
developments to a wider Metro Area Network (MAN) and international Wide Area
Network (WAN).

         CeriStar's CS-1000, CS-2000, CS-3000 and CS-4000 modules represent
CeriStar's version of bundled services and equipment that connects to CeriNet
as customer premise equipment (CPM) module.  Other third party modules
representing similar bundles of services can easily be connected to CeriNet and
provide similar performance to CeriStar's CS series of products.

         The consumer interface modules, either CeriStar supplied or third
party supplied, are connected to the CPM modules and allow IP and analog
signals to be sent to CeriNet for routing within the LAN, MAN and WAN at
guaranteed performance levels.

         CeriStar has identified and developed a business plan to penetrate a
large, identifiable market, capitalizing on the convergence of voice, video and
data communications.  CeriStar's utility network technology platform, CeriNet,
enhances communications and networking capabilities within any enterprise.
CeriStar targets its marketing and is offering customized solutions to the
following major market segments:

         *        State/Local Governments - "Economic Development Networks"
         *        Education Systems - "Knowledge Networks"
         *        Commercial Building and Enterprises - "Smart Buildings and
                  Smart Environments"
         *        Greenfields and Legacy Communities - "Smart Homes and
                  Businesses"

         CeriStar is poised to capitalize on the imminent IP converged network
upgrade cycle by providing each of these market segments with paths to
converged IP network communications.  CeriStar is currently testing this model
in Utah and plans to deploy it in the surrounding Western states after the
testing has been completed.

         Over the next five years, CeriStar's business model will take into
account the premise that the majority of businesses will be running converged
managed networks.  Most educational and governmental institutions will have
partial converged solutions in use. Greenfield residential will be populated
with converged solutions in the new developments.  Legacy retrofit residential
will still be in its early stages of evolution.

         Competitors exist at all levels in the LAN environment to provide
bundled converged services.  Competitors exist in the WAN environment to
deliver connectivity.  CeriStar is still unique in deploying a brand of IP
Network that is plug and play compatible with LAN and WAN solutions.

         CeriStar deploys an IEEE and 7-layer standard network and equipment.
It consists of core, aggregation and edge equipment. All equipment can be
interchanged because of this open standard adherence.  All equipment can be
bought from multiple vendors with no barriers to entry.

         CeriStar is in the early stages of marketing its products and thus its
cash needs are more dependent on capital funding than on any major customer.

         CeriStar filed four provisionary patent applications in 2001, which
were consolidated into one broad patent in 2002.  These patents relate to the
architecture of an IP Utility Network that enables smart homes, smart commercial
buildings, and smart residential communities.

         CeriStar enters into revenue sharing arrangements with commercial
building owners and residential developers.  These contracts vary depending
upon project size, equipment ownership and local market conditions.  The shared
revenues are based on the difference between CeriStar's wholesale and retail
prices.

         CeriStar is a Common Local Exchange Carrier (CLEC) licensed with the
Utah Public Utility Commission.  With this license, CeriStar is able to provide
telephony services in competition with the Local Exchange Carrier, which is
Qwest.  As a CLEC, CeriStar is able to compete with not only Qwest but also
other CLEC's in providing a myriad of services and converge them with non-
regulated services into a single converged network.

         As a CLEC, CeriStar is subject to all Public Utility Commission and
Federal Communications Commission rules and regulations for telephony services.
Regulation changes that may occur will only affect our voice services, while
data and video services remain unchanged.  Since CeriStar is already a
certificated CLEC in Utah any regulation changes will have a minimal affect to
the business model.

         Over the past two years CeriStar spent an estimated 96 man-months on
research and development activities at an estimate cost of $550,000.  The
majority of this cost has been borne by investors.

CeriStar currently has 10 full time employees.

Item 2.  Description of Property

         CeriStar's property consists primarily of computer, and computer
related equipment that is located at CeriStar's headquarters in Salt Lake City
and in or near various customer locations.  Currently, this equipment is
maintained and serviced by head office personnel.

         CeriStar currently leases a facility located at 50 West Broadway,
Suite 1100, Salt Lake City, Utah on a month-to-month basis.  The facility
consists of approximately 3,000 square feet of leased office space at a monthly
rate of $3,524.


Item 3.  Legal Proceedings

None


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

None


         PART II

Item 5. Market for Common Equity and Related Shareholder Matters

         CeriStar's common stock currently trades on the OTC Bulletin Board
under the ticker symbol of CTRI.OB.  Following CeriStar's merger with Planet
Resources in September 2002, CeriStar was initially traded under the ticker
symbol PLNT.OB, which was later changed to CTRI.OB.  Prior to the merger,
Planet Resources was traded on the OTC Bulletin Board under the ticker symbol
of PLNT.OB. As of March 25, 2003, the closing sales price of the common stock
was $.95 per share.  The following are high and low sales prices for the common
stock by quarter since the merger as reported by the OTC Bulletin Board:

                                   Common Stock Price Range
Period (Calendar Year)                  High                    Low

2002

First Quarter                       N/A              N/A
Second Quarter                      N/A              N/A
Third Quarter                       $3.10            $1.30
Fourth Quarter                      $2.25            $1.05

2003

First Quarter                       $1.55            $ .55

         CeriStar has never paid any cash dividends on its common or preferred
stock and does not anticipate paying any cash dividends on its common or
preferred stock in the foreseeable future.  At the time of the merger with
Planet, CeriStar's common andpreferred shares were exchanged for Planet's
common stock.  CeriStar currently intends to retain future earnings, if any, to
fund the development and growth of its proposed business and operation.  Any
payment of cash dividends in the future on the common stock will be dependent
upon CeriStar's financial condition, results of operations, current and
anticipated cash requirements, plans for expansion, restrictions, if any, under
any debt obligations, as well as other factors that CeriStar's Board of
Directors deems relevant.

       As of March 31, 2003, CeriStar has 1,615 shareholders.

       CeriStar's common stock  is also registered on the Berlin Stock Exchange.


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

         This report contains forward looking statements that involve risks and
uncertainties. Words, such as "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates" and "views" are intended to identify forward
looking statements. Such statements are based upon current expectations and
projections about our business and assumptions made by the management and are
no guarantee of future performance.  Therefore, actual events and results may
differ materially from those expressed or forecasted in the forward looking
statements due to risk factors identified in the Management's Discussion and
Analysis of Financial Condition and Results of Operations.

         On September 10, 2002, CeriStar merged with a wholly owned subsidiary
of Planet Resources Inc., a non-operating company, together referred to as
Planet, in which all the issued and outstanding stock of CeriStar, including
Convertible Preferred Series A shares and the Convertible Preferred Series B
shares, were exchanged for shares of common stock of Planet.  Series A and B
preferred shares of CeriStar were exchanged at a rate of approximately .757
shares of common stock of Planet, and common shares of CeriStar were exchanged
into approximately .322 common shares of Planet.  Just prior to the merger,
Planet authorized a 1 for 5.23 reverse stock split.  The merger was accounted
for as a reverse merger with CeriStar being the accounting acquirer.   On
October 15, 2002, Planet was renamed CeriStar, Inc.  Since Planet had no
operations for the two years prior to the merger, only CeriStar's financial
condition and results of operations will be discussed.

Plan of Operation

         During 2001 CeriStar was engaged in developing and testing various
Internet Protocol (IP) products.  These products emerged in marketable form in
2002.  CeriStar has proven its' technology and can now deliver technically
advance products to a wide range of residential, commercial, educational and
governmental customers.  Since these products are significantly advanced from
current products in the market place, it is estimated that it will take another
year before they become generally accepted allowing for substantial market
penetration.  The current marketing plan will require between $2 and $3 million
of new capital to fund operations through 2003 with additional capital needed
for geographic expansion into neighboring states.  By the end of 2003, CeriStar
expects to be profitable with new capital, if obtained, being used to expand
its markets.  A majority of this funding will have to be raised in the equity
markets.  It is anticipated that debt financing for equipment will become
available as product revenues and market acceptance increases.  To accelerate
that acceptance, CeriStar has partnered with IBM and others who can introduce
CeriStar to senior executives and add credibility to our products.  They also
assist in the acquisition of low cost, high quality equipment and services.  In
the short term, CeriStar will remain dependent on new capital with no
assurances that this new capital will be raised.

         Previously, CeriStar had expended significant amounts of capital for
equipment, which has the capacity to handle a substantially larger customer
volume.  Now new customers can be added without significant costs.

Results of Operations

         A detailed comparison of the differences between operations of 2002
compared to 2001 is difficult due to the fact that in 2001 CeriStar was
principally a development company, developing and testing new ideas and turning
those ideas into new products. Fiscal 2002 continued some of the development
effort but a majority of the year was spent marketing those new ideas and
products. When combined with merger related expenses and investment services
expense, comparisons between the two years becomes even more difficult.

         Revenues increased to $521,000 in 2002, compared to $260,000 in 2001.
The increase was due to sales of IP services, primarily to commercial customers.
Services revenue increased from $35,000 in 2001 to $269,000 in 2002, a $234,000
increase, accounting for 90% of the revenue increase.  Equipment sales
increased from  $212,000 in 2001 to $214,000 in 2002, or a $2,000 increase.

         Cost of sales increased from $245,000 in 2001 to $465,000 in 2002.
This increase was due to increased service and labor costs associated with the
services revenue.  Labor costs increased by $30,000, increasing from $90,000 in
2001 to $120,000 in 2002. Service costs increased from $59,000 in 2001 to
$253,000 in 2002.  The high service costs in 2002 resulted in a margin of
$16,000 for services, or a 6% margin for 2002.  This margin is expected to
increase significantly in the future as new customers are added as CeriStar's
excess bandwidth purchases and equipment is able to service a substantially
larger customer base.

         Total administrative expense in 2002 was $2,768,000 compared to
$1,420,000 in 2001, an increase of $1,348,000. Approximately $1,012,000 of this
increase was for expenses paid to consultants in the form of common stock for
services relating to the merger with Planet Resources.  An additional $353,000
was paid, primarily in the form of common stock, to consultants that are
advising CeriStar on product positioning, customer identification and offshore
expansion, as CeriStar converts from a development company to an operating
company, marketing its IP application products and services.  Payroll expense
decreased from $1,116,000 in 2001 to $912,000 in 2002 as salary and staff
reductions were implemented in late 2001 and early 2002.  Depreciation expense
increased from $12,000 in 2001 to $64,000 in 2002 due to new equipment
acquisitions for the network.  Professional fees also increased from $65,000 in
2001 to $152,000 in 2002, an $87,000 increase as accounting, legal, sales and
staffing professionals were hired to assist in a variety of areas.

         During 2002 CeriStar borrowed $75,000 on a convertible long-term note
that may be converted to CeriStar's common stock. This note also has warrants
to purchase 22,710 shares of common stock at $3.30 per share.  Approximately
$20,400 of the interest expenses relates to this note.

Liquidity and Capital Resources

         As of December 31, 2002, CeriStar's current liabilities were $672,000,
while current assets were only $93,000 equating to a $579,000 working capital
deficit.  In order for CeriStar to continue operating, additional capital is
essential.  CeriStar's operating revenues are not capable of supporting current
operations. Thus, in the short term, CeriStar is dependent on the capital
markets for funding. To meet these continuing funding needs, CeriStar has
engaged the financial consulting firm of AlphaWest to assist in the acquisition
of new equity capital.  With access to both the public and private capital
markets, CeriStar will attempt to raise $2 to $3 million to fund operations for
2003.  With almost 200 residential customers in Provo, Utah and contracts
signed for over 400 additional residential customers in the surrounding area
that will be starting service throughout 2003 and early 2004, combined with
projected sales to new developments, CeriStar expects to be able to fund
operations from service revenues by the end of 2003.  As previously mentioned,
CeriStar remains dependent on new capital but there can be no assurance that
any new capital will be raised.  A majority of the merger expenses and a
significant portion of consulting expenses relating to raising new capital and
other professional expenses were paid with common stock, thus conserving cash
for operations.  Approximately $1,322,000 in stock was issued during 2002 to
pay for these services as well as a portion of payroll expense, primarily
incentives to retain key employees.

Item 7. Financial Statements

                                                   INDEPENDENT AUDITORS' REPORT





To the Board of Directors and Stockholders
of CeriStar Inc. and Subsidiary


We have  audited the  accompanying  consolidated  balance  sheet of Ceristar,
Inc. as of December  31, 2002 and 2001,  and the related statements of
operations,  stockholders'  deficit and cash flows for the years 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 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 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 consolidated  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  consolidated  financial  statements  referred to above
present fairly,  in all material  respects,  the financial position of
CeriStar,  Inc. as of December 31, 2002 and 2001 and the results of its
operations  and its cash flows for the years then ended 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.  As discussed in Note 3, the Company
has a deficit in working  capital,  negative cash flows from  operations,  and
recurring net losses.  These issues raise  substantial  doubt about its ability
to continue as a going  concern.  Management's  plans in regard to these
matters are also described in Note 3. The  accompanying  financial  statements
do not include any adjustment  that might result from the outcome of this
uncertainty.

TANNER + CO.

Salt Lake City, Utah
February 7, 2003


CERISTAR, INC.
CONSOLIDATED BALANCE SHEET
DECEMBER 31
<TABLE>

          Assets                                                            2002             2001
          ------
                                                                       ---------------- ---------------
<S>                                                                    <C>              <C>
Current assets:

                                                                        $               $
    Cash                                                               28,210           2,518
    Accounts receivable, net of allowance for

      doubtful accounts of $16,117 and $0, repectively                 52,945           2,206

    Prepaid expenses                                                   3,954            3,954

    Deposits                                                           8,338            -
                                                                       ---------------- ---------------


            Total current assets                                       93,447           8,678


Property and equipment, net                                                    339,395  49,322
                                                                       ---------------- ---------------


                                                                        $               $
                                                                       432,842          58,000
                                                                       ---------------- ---------------


          Liabilities and Stockholders' Deficit

Current liabilities:

                                                                        $               $
    Accounts payable                                                   385,615          34,084

    Accrued payroll liabilities                                                101,888  61,399

    Unearned revenue                                                            94,300  21,704

    Deferred purchase obligation                                                86,996  -

    Convertible long-term debt                                                   2,708  -
                                                                       ---------------- ---------------


            Total current liabilities                                  671,507          117,187

Stockholders' deficit:
    Preferred stock, $.001 par value; 10,000,000 shares

     authorized, no shares issued and outstanding                      -                -
    Common stock, $.001 par value, voting, 40,000,000
     shares authorized, 5,852,197, and 4,180,078

     issued and outstanding, respectively.                                       5,852  4,180

    Additional paid-in capital                                               8,546,387  5,284,625

    Deferred compensation                                              (615,011)        (821,033)

    Subscriptions receivable                                           (996,289)        (80,630)

    Accumulated deficit                                                (7,179,604)      (4,446,329)
                                                                       ---------------- ---------------


            Total stockholders' deficit:                               (238,665)        (59,187)
                                                                       ---------------- ---------------


                                                                        $               $
                                                                       432,842          58,000
                                                                       ---------------- ---------------
</TABLE>


CERISTAR, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
DECEMBER 31
<TABLE>
                                                                               2002               2001
                                                                         ------------------ ------------------
<S>                                                                      <C>                <C>
Sales                                                                     $       520,952    $       259,639


Cost of sales                                                            (465,202)          (244,908)
Selling, general, and administrative expense                                   (2,767,581)        (1,420,320)
                                                                         ------------------ ------------------

              Loss from operations                                             (2,711,831)        (1,405,589)


Other income                                                                         1,753  4,795

Interest expense                                                         (23,197)           -
                                                                         ------------------ ------------------

              Loss before benefit for income taxes                             (2,733,275)        (1,400,794)


Benefit for income taxes                                                 -                  -
                                                                         ------------------ ------------------

              Net loss                                                    $   (2,733,275)    $   (1,400,794)
                                                                         ------------------ ------------------

                                                                          $                  $
Loss per common share basic and diluted                                  (0.58)             (0.35)
                                                                         ------------------ ------------------

Weighted average shares - basic and diluted                                     4,724,000          3,982,000
                                                                         ------------------ ------------------

</TABLE>


CERISTAR, INC.
CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
YEARS ENDED DECEMBER 31, 2002 AND 2001
<TABLE>

                                                                                          Additional  Deferred Subscrip- Accumulated
                                                   Preferred Stock          Common Stock    Paid-in   Compen-    tions   Deficit
                                                   Shares   Amount        Shares     Amount Capital    sation   Receivable
                                                  ------- ----------- ----------- ---------- ------------- ------------- ----------
<S>                                               <C>     <C>         <C>         <C>        <C>           <C>       <C>
                                                               $                       $          $             $             $
Balance, January 1, 2001                           1,273,924  1,274     7,101,961   7,102    3,565,840  (49,500) (17,414)(3,045,535)

Recapitalization of Ceristar from reverse

   merger with Planet Resources, Inc.             (1,273,924) (1,274)     (3,457,843) (3,458)    41,399        -   (36,667)     -

Issuance of common stock for:

  Cash                                            -           -           322         -          1,000         -      -            -

  Services                                        -           -           72,585      73         225,347       -       -           -

  Subscription receivable and compensation        -           -           315,238     315        996,685   (788,033) (26,799)     -


Stock subscription received                       -           -           -           -          -             -      250          -

Issuance of common stock for cash

  (net of offering costs)                         -           -           147,815     148        454,354       -    -            -


Amortization of deferred compensation             -           -           -           -          -             16,500    -         -


Net loss                                          -           -           -           -          -             -      -  (1,400,794)
                                                  ----------- ----------- ----------- ---------- ------------- ------------- ------


Balance, December 31, 2001                        -           -      4,180,078   4,180   5,284,625   (821,033)  (80,630) (4,446,329)

Issuance of common stock for:

  Cash                                            -           -           328,654     329        482,584       -

  Services                                        -           -           1,072,968   1,073      2,207,017     -     (911,932)    -

  Subscription receivables and compensation       -           -           175,322     175        352,328   (320,000)  (6,211)      -

  Debt                                            -           -           147,768     148        308,708       -        -          -

Non-vested common stock reacquired

   through employee terminations                                          (52,593)    (53)       (163,875)     161,444   2,484     -


Amortization of deferred compensation             -           -           -           -          -             364,578    -      -

Preferential conversion feature and issue of

  warrants with long-term debt                    -           -           -           -          75,000        -             -    -


Net loss                                          -           -           -           -          -             -      -  (2,733,275)
                                                  ----------- ----------- ----------- ---------- ------------- ------------- ------


                                                              $                        $          $             $             $
Balance, December 31, 2002                        -           -      5,852,197   5,852   8,546,387  (615,011)  (996,289) (7,179,604)
                                                  ----------- ----------- ----------- ---------- ------------- -------------
</TABLE>


CERISTAR, INC.
Consolidated Statement of Cash Flow
YEAR ENDED DECEMBER 31
<TABLE>

                                                                           2002               2001
                                                                     ------------------ ------------------
<S>                                                                  <C>                <C>
Cash flows from operating activities:
  Net loss                                                            $ (2,733,275)      $ (1,400,794)
  Adjustments to reconcile net loss to net cash
    used in operating activities:

        Depreciation and amortization                                63,682             12,072

        Stock issued for services                                         1,322,450     407,588

        Amortization of deferred compensation                        364,578            16,500

        Amortization of discount on long-term debt                   10,000             -

        Bad debt expense                                             16,117             -
      Decrease (increase) in:

        Accounts receivable                                          (66,856)           (2,206)

        Prepaid expense                                              -                  (430)

        Deposits                                                     (8,338)            -
      Increase (decrease) in:

        Accounts payable                                             186,990            34,084

        Accrued liabilities                                          40,489             40,347

        Deferred revenue                                             56,396             21,704
                                                                     ------------------ ------------------


          Net cash used in operating activities                      (747,767)          (871,135)
                                                                     ------------------ ------------------

Cash flows used in investing activities-

  purchase of property and equipment                                 (86,018)           (12,507)

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

Cash flows from financing activities:

  Proceeds from issuance of common stock                             482,913            455,752

  Proceeds from convertible long-term debt                           75,000             -

  Proceeds from related party note                                   140,300            -

  Proceeds from notes payable                                        228,394            -

  Payments on notes payable                                          (59,838)           -

  Payments on convertible long-term debt                             (7,292)            -
                                                                     ------------------ ------------------


          Net cash provided by financing activities                  859,477            455,752
                                                                     ------------------ ------------------

          Net increase (decrease) in cash

             and cash equivalents                                    25,692             (427,890)


Cash and cash equivalents at beginning of year                       2,518              430,408
                                                                     ------------------ ------------------

                                                                      $                  $
Cash and cash equivalents at end of year                             28,210             2,518
                                                                     ------------------ ------------------
</TABLE>



                                       Notes to Consolidated Financial Statement
                                                     December 31, 2002, and 2001
-------------------------------------------------------------------------------
<TABLE>
<S>                         <C>
1.Organization and          CeriStar,  Inc.  (formerly Planet  Resources,  Inc.) (the Company) operates in
Description of              the  communications  industry as a hi-tech developer of IP technology  applied
Business                    to data  convergence.  The Company is located in Salt Lake City, Utah, and was
                            formed in December 1999.

                            On  September  10,  2002 the Company  entered  into an  Agreement  and Plan of
                            Merger with Planet  Resources,  Inc and its wholly owned  subsidiary  together
                            referred to as (Planet) in which all the issued and  outstanding  stock of the
                            Company,  including  Convertible  Preferred  Series  A shares  (Series  A) and
                            Convertible  Preferred  Series B shares  (Series  B), were  exchanged  for the
                            issued and outstanding  stock of Planet.  Series A and B shares were exchanged
                            at a rate of  approximately  .757 for every  common share of Planet and common
                            shares of the Company were converted into  approximately .322 shares of Planet
                            common share.  Just prior to the merger Planet  authorized a 1 to 5.23 reverse
                            stock  split.  The  merger  was  accounted  for as a reverse  merger  with the
                            Company  being the  accounting  acquirer  and thus the  historical  operations
                            presented in the condensed financial statements of operations,  cash flows and
                            stockholder's deficit, are those of the Company.



2. Summary of               Concentration of Credit Risk
Significant                 Financial  instruments which potentially  subject the Company to concentration
Accounting Policies         of credit risk consist  primarily of trade  receivables.  In the normal course
                            of business, the Company provides on-going credit
                            evaluations of its customers and maintains
                            allowances for possible losses which, when realized,
                            have been within the range of management's
                            expectations.

                            The Company maintains its cash in bank deposit
                            accounts which, at times, may exceed federally
                            insured limits. The Company has not experienced any
                            losses in such accounts and does not believe it is
                            exposed to any significant credit risk on cash and
                            cash equivalents.

                            Cash and Cash Equivalents
                            Cash includes all cash and investments with original
                            maturities to the Company of three months or less.
                            Property and Equipment Property and equipment are
                            recorded at cost less accumulated depreciation.
                            Depreciation and amortization on capital leases and
                            property and equipment are determined using the
                            straight-line method over the estimated useful lives
                            of the assets or terms of the leases. Depreciation
                            and amortization periods are as follows:

                            Computer equipment and software                     3 - 5 years
                            Furniture and fixtures                              5     years

                            Revenue Recognition
                            Revenue is recognized when a valid contract or purchase order has
                            been executed or received, services have been performed
                            or product has been delivered, the selling price is fixed or
                            determinable, and collectibility is reasonably assured. Payments received
                            prior to performance are recorded as unearned revenue.

                            Income Taxes
                            Deferred taxes are computed using the asset and
                            liability method. Under the asset and liability
                            method, deferred tax assets and liabilities are
                            recognized for future tax consequences attributable
                            to differences between the financial statement
                            carrying amounts of existing assets and liabilities
                            and their respective tax bases. Deferred tax assets
                            and liabilities are measured using enacted tax rates
                            expected to apply to taxable income in the years in
                            which those temporary differences are expected to be
                            recovered or settled. The effect on deferred tax
                            assets and liabilities of a change in tax rates is
                            recognized in income in the period that includes the
                            enactment date. Deferred tax assets are not
                            recognized unless it is more likely than not that
                            the asset will be realized in future years.

                            Earnings Per Common and Common Equivalent Share
                            The computation of basic earnings per common share
                            is computed using the weighted average number of
                            common shares outstanding during the year.

                            Earnings Per Common and Common Equivalent Share Continued
                            The computation of diluted earnings per common share
                            is based on the weighted average number of shares
                            outstanding during the year plus common stock
                            equivalents which would arise from the exercise of
                            warrants outstanding using the treasury stock method
                            and the average market price per share during the
                            year. Warrants to purchase 324,466 and 83,724 common
                            stock equivalents are not included in the diluted
                            earnings per share calculation for 2002 and 2001,
                            respectively, since their effect is anti-dilutive.

                            Impairment of Long-Lived Assets
                            The Company reviews its long-lived assets for
                            impairment whenever events or changes in
                            circumstances indicate that the carrying amount of
                            the assets may not be recoverable through
                            undiscounted future cash flows. If it is determined
                            that an impairment loss has occurred based on
                            expected cash flows, such loss is recognized in the
                            statement of operations.

                            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 periods. Actual results could
                            differ from those estimates.

                            Stock-Based Compensation
                            The Company has adopted the disclosure only
                            provisions of Statement of Financial Accounting
                            Standards (SFAS) No. 123, "Accounting for
                            Stock-Based Compensation." Accordingly, no
                            compensation expense is recognized when stock
                            options or warrants are granted to employees. No
                            options or warrants were issued to employees for the
                            years ended December 31, 2002 and 2001. Warrants
                            issued in 2002 and 2001 were in connection with
                            purchases of stock, conversion of debt and issuance
                            of debt.

                            The fair value of each warrant ted on the date of
                            grant using the Black-Scholes option pric the
                            following assumptions at December 31:

                                                                      2002          2001
                                                                  -------------------------
                                Expected dividend yield           $        -    $         -
                                Expected stock price volatility        50.41%            NA
                                Risk-free interest rate                 4.25%          4.75%
                                Expected life of options              5 years        5 years

                            The weighted average fair value of each warrant
                            granted during 2002 and 2001 was $1.63 and $.52,
                            respectively.

                            Reclassifications
                            Certain accounts in the 2001 financial statement
                            have been reclassified to conform with the current
                            year presentation.


3. Going Concern            The Company has a working capital deficit, a stockholders'
                            deficit, and recurring net losses. These factors create
                            substantial doubt about the
                            Company's ability to continue as a going concern.
                            The financial statements do not include any
                            adjustment that might be necessary if the Company is
                            unable to continue as a going concern.

                            The ability of the Company to continue as a going
                            concern is dependent on the Company generating cash
                            from the sale of its common stock or obtaining debt
                            financing and attaining future profitable
                            operations. Management's plans include selling its
                            equity securities and obtaining debt financing to
                            fund its capital requirements and ongoing
                            operations, however, there can be no assurance the
                            Company will be successful in these efforts.

4. Property and Equipment   Property and equipment consists at December 31:

                                                                              2002                2001
                                                                        ------------------------------------
                                Computer equipment and software         $      410,598      $        57,707
                                Furniture and fixtures                          10,587                9,723
                                                                        ------------------------------------
                                                                               421,185               67,403

                                Less accumulated depreciation
                                     and amortiziation                         (81,790)             (18,108)
                                                                         ------------------------------------
                                                                         $     339,395       $        49,322
                                                                         ====================================


5. Deferred Purchase
Obligation                  During the year ended December 31, 2002, the Company entered into an  agreement to
                            finance the purchase of equipment through a residential
                            developer. The obligation has no stated interest
                            rate and will be repaid solely from net revenues
                            generated from the use of the equipment. The
                            obligation is secured by the equipment, and the
                            maturity of the obligation is contingent on net
                            future revenues generated from the equipment. The
                            balance of the obligation at December 31, 2002 is
                            $86,996.

6. Convertible Long-Term   Convertible long-term debt consists of a note payable to a
Debt                       financial institution with an original amount due of $75,000. The
                            note is payable in
                            monthly installments of $1,744, including interest
                            at 14%, secured by equipment, and matures on May 30,
                            2007.

                            The note includes a beneficial conversion feature
                            wherein the holder of the note, at the holders
                            option, may covert the note to shares of the
                            Company's common stock at $1.65 per share. The
                            Company also issued to the note holder a warrant to
                            purchase 22,710 shares of the Company's stock at an
                            exercise price of $3.30 per share. Based on the
                            value of the warrants, calculated using the Black
                            Scholes option pricing model at the date of grant,
                            together with the intrinsic value of the beneficial
                            conversion feature, the note was discounted for the
                            full face value and the discount is being amortized
                            over the life of the loan.

                            As of December 31, 2002 the principle balance
                            remaining on the note was $67,708 which is reduced
                            by the unamortized discount of $65,000 equaling a
                            net book value of the debt of $2,708 which is
                            recorded on the balance sheet.

                            Future maturities of long-term debt are as follows:

                            Year Ending December 31:                 Amount
                            ------------------------              -------------
                                      2003                        $   12,217
                                      2004                            14,041
                                      2005                            16,138
                                      2006                            18,548
                                      2007                             6,764
                                                                  -------------
                                                                      67,708
                                   Less Discount                     (65,000)
                                                                  -------------
                                                                  $     2,708
                                                                  =============

7. Income Taxes             The benefit for income taxes is
                            different than amounts which would be provided by
                            applying the statutory income tax rate to loss before
                            benefit for income taxes for the following reasons:

                                                    Years Ended
                                                   December 31,
                                         ----------------------------------
                                               2002            2001
                                         ----------------------------------
                                         ----------------------------------

Income tax benefit at
  statutory rate                          $     1,020,000 $        518,000
Stock valuation for services                    (472,000)        (149,000)
Change in valuation allowance                   (546,000)        (367,000)
Other                                             (2,000)          (2,000)
                                         ----------------------------------
                                         ----------------------------------

                                          $             - $              -
                                         ----------------------------------


                                                2002             2001
                                          ----------------------------------
                                          ----------------------------------

Net operating loss carry-forwards          $      1,370,000$        783,000
Amortization of license technology                  298,000         321,000
Depreciation                                       (48,000)         (6,000)
Deferred revenue                                     26,000           8,000
Allowance for doubtful accounts                       6,000               -
Valuation allowance                             (1,652,000)     (1,106,000)
                                          ----------------------------------
                                          ----------------------------------

                                           $              -$              -
                                          ----------------------------------

                            At December 31, 2002, the Company has net operating loss
                            carry-forwards available to offset future taxable income
                            of approximately $3,674,000 of which  will begin to expire in 2019. The
                            utilization of the net operating loss carry-forwards is dependent upon the
                            tax laws in effect at the time the net operating loss carry-forwards can be
                            utilized. A valuation allowance has been recorded against the deferred tax asset
                            due to the uncertainty surrounding its realization caused by the Company's
                            recurring losses.

8. Common Stock Warrants   The Company has issued warrants in conjunction with the sale of
                           its securities and convertible debt. Warrants that were issued
                           generally do not have a life that exceeds five years.
                           Information regarding warrants to purchase common stock is summarized below:


                                              Exercise
                                              Number of       Price Per
                                              Warrants          Share
                                          ----------------------------------
                                          ----------------------------------

Outstanding at January 1, 2001
         Granted                                     83,724$           1.67
         Expired                                          -               -
                                          ----------------------------------
                                          ----------------------------------

Outstanding at December 31, 2001                     83,724            1.67

         Granted                                    240,742     1.67 - 4.50
         Expired                                          -               -
                                          ----------------------------------
                                          ----------------------------------

Outstanding at December 31, 2002                    324,466$    1.67 - 4.50
                                          ----------------------------------

                    The following table summarizes information about outstanding warrants for common stock at
                    December 31, 2002:


                            Outstanding                     Exercisable
               -----------------------------------------------------------------
                          Weighted
                             Average
                            Remaining    Weighted
   Range of      Number    Contractual    Average                    Average
   Exercise       Out-        Life       Exercise      Number       Exercise
    Prices      standing     (Years)       Price     Exercisable      Price
--------------------------------------------------------------------------------

$   1.67 - 2.30     91,902         2.53 $       2.10       91,902  $        2.10
    3.30 - 4.50    232,564         2.99         3.65      232,564           3.65
--------------------------------------------------------------------------------

$          3.21    324,466         2.86 $       3.21      324,466  $        3.21
--------------------------------------------------------------------------------

9. Stock Subscription   Subscriptions receivable consist of  the obligation of employees to
Receivable              purchase, at $.031 per share, approximately 2,716,295 and
                       2,596,286 of the Company's common shares at December 31, 2002 and
                       2001, respectively. The difference between the fair value of the
                       shares and the subscription receivable is recognized as
                      compensation according to the vesting period set forth in the
                      stock purchase agreements which range from two to three years.
                       Deferred compensation related to these subscriptions was $615,011
                      and $821,033 at December 31, 2002 and 2001. The measurement date
                       of compensation is the date the shares were granted.

                            In addition to the employee subscription receivable,
                            the company has also issued 443,131 shares of its
                            common stock related to consultant agreements for
                            which services will be rendered in 2003. The stock
                            issuances have been recorded as subscriptions
                            receivable with a value of $911,933.

10. Supplemental Cash      During the years ended December 31, 2002, the Company:
Flow Information
                            o        Financed the purchase of equipment with a
                                     deferred purchase obligation of $103,196.

                            o        Effected a payment of $16,200 on the
                                     deferred purchase obligation and recorded
                                     an increase of $16,200 in deferred revenue.

                            o        Issued 1,248,290 of the Company's common
                                     shares for services of $1,325,660, deferred
                                     compensation of $320,000 and subscriptions
                                     receivable of $914,933.

                            o        Exchanged 147,768 shares of the Company's
                                     common stock for $308,708 of notes payable.

                            o        Issued 45,420 warrants with a beneficial
                                     conversion feature attached to long-term
                                     debt, which resulted in a discount against
                                     the long-term debt of $75,000.

                            o        Reacquired, through employee terminations,
                                     52,593 shares of the Company's common stock
                                     for a reduction in deferred compensation of
                                     $161,444 and subscriptions receivable of
                                     $800.

                            o Acquired equipment in exchange for accounts
payable of $164,541.

                            During the year ended December 31, 2001, the
Company:

                            o        Issued 315,238 shares to employees in
                                     exchange for services of $182,168, deferred
                                     compensation of $788,033, and employee
                                     stock subscriptions receivable of $26,799.

                            Cash paid for interest and income taxes are as
follows:
                                                    Years Ended
                                                    December 31,
                                         ----------------------------------
                                             2002                   2001
                             Interest     $  23,197           $        -
                                         ---------------------------------
                             Income Taxes $        -          $        -
                                         ---------------------------------

11. Related Party
  Transactions           Related party transactions are as follows:

                         During the year  ended  December  31,  2002,  an
                         officer of the  Company  and  relatives  of the  Officer
                          exchanged $127,200 of notes payable for 59,585 shares of the Company's common stock.


                            During the year ended December 31, 2001, an Officer
                            and relatives of an officer purchased 27,200 Series
                            B convertible preferred stock for $68,000.


 12. Major Customers        Sales to  customers  which  exceeded 10% of total sales are as follows for the
                            years ended December 31:


                                            2002                   2001
                                         ----------------------------------
                             Customer A   $152,000              $     -
                             Customer B   $ 91,000              $  172,000
                             Customer C   $ 60,000              $     -


13. Commitments and Contingencies                        Litigation
                                                         The  Company  may
                                                         become    or   is
                                                         subject        to
                                                         investigations,
                                                         claims         or
                                                         lawsuits  ensuing
                                                         out     of    the
                                                         conduct   of  its
                                                         business.     The
                                                         Company        is
                                                         currently     not
                                                         aware    of   any
                                                         such items  which
                                                         it       believes
                                                         could    have   a
                                                         material   effect
                                                         on its  financial
                                                         position.


14.                                                      Fair Value of The
                                                         Company's financial
                                                         instruments consist of
                                                         cash, receivables and
                                                         Financial Instruments
                                                         payables. The carrying
                                                         amount of cash,
                                                         receivables,
                                                         convertible long-term
                            debt and payables approximates fair value because of
                            the short-term nature of these items.


15. Recent Accounting In June 2001, the FASB issued Statement of Financial
Accounting Standards No. Pronouncements 143, "Accounting for Asset Retirement
Obligations". This Statement addresses
                            financial accounting and reporting for obligations
                            associated with the retirement of tangible
                            long-lived assets and the associated asset
                            retirement costs. This Statement is effective for
                            financial statements issued for fiscal years
                            beginning after June 15, 2002. This Statement
                            addresses financial accounting and reporting for the
                            disposal of long-lived assets. The Company is
                            currently assessing the impact of this statement.

                            In April 2002, the FASB issued Statement of
                            Financial Accounting Standards (SFAS) No. 145,
                            "Rescission of FASB Statements No. 4, 44, and 64,
                            Amendment of FASB Statement No. 13, and Technical
                            Corrections." This statement requires the
                            classification of gains or losses from the
                            extinguishments of debt to meet the criteria of
                            Accounting Principles Board Opinion No. 30 before
                            they can be classified as extraordinary in the
                            income statement. As a result, companies that use
                            debt extinguishment as part of their risk management
                            cannot classify the gain or loss from that
                            extinguishment as extraordinary. The statement also
                            requires sale-leaseback accounting for certain lease
                            modifications that have economic effects similar to
                            sale-leaseback transactions. The Company does not
                            expect Adoption of SFAS No. 145 did have a material
                            impact on financial position or future operations.

                            In June 2002, the FASB issued SFAS No. 146,
                            "Accounting for Costs Associated with Exit or
                            Disposal Activities." This standard, which is
                            effective for exit or disposal activities initiated
                            after December 31, 2002, provides new guidance on
                            the recognition, measurement and reporting of costs
                            associated with these activities. The standard
                            requires companies to recognize costs associated
                            with exit or disposal activities when they are
                            incurred rather than at the date the company commits
                            to an exit or disposal plan. The adoption of SFAS
                            No. 146 by the Company is not expected to have a
                            material impact on the Company's financial position
                            or future operations.

                            In December 2002, the FASB issued SFAS No. 148
                            "Accounting for Stock-Based Compensation--Transition
                            and Disclosure--an amendment of FASB Statement No.
                            123," which is effective for all fiscal years ending
                            after December 15, 2002. SFAS No. 148 provides
                            alternative methods of transition for a voluntary
                            change to the fair value based method of accounting
                            for stock-based employee compensation under SFAS No.
                            123 from the intrinsic value based method of
                            accounting prescribed by Accounting Principles Board
                            Opinion No. 25. SFAS 128 also changes the disclosure
                            requirements of SFAS 123, requiring a more prominent
                            disclosure of the pro-forma effect of the fair value
                            based method of accounting for stock-based
                            compensation. The adoption of SFAS No. 148 by the
                            Company did not have a material impact on the
                            Company's financial position or future operations.

                            In January 2003, the Financial Accounting Standards
                            Board (FASB) issued Interpretation No. 46,
                            Consolidation of Variable Interest Ethics (FIN No.
                            46), which addresses consolidation by business
                            enterprises of variable interest entities. FIN No.
                            46 clarifies the application of Accounting Research
                            Bulletin No. 51, Consolidated Financial Statements,
                            to certain entities in which equity investors do not
                            have the characteristics of a controlling financial
                            interest or do not have sufficient equity at risk
                            for the entity to finance its activities without
                            additional subordinated financial support from other
                            parties. FIN No. 46 applies immediately to variable
                            interest entities created after January 31, 2003,
                            and to variable interest entities in which an
                            enterprise obtains an interest after that date. It
                            applies in the first fiscal year or interim period
                            beginning after June 15, 2003, to variable interest
                            entities in which an enterprise holds a variable
                            interest that it acquired before February 1, 2003.
                            The Company does not expect to identify any variable
                            interest entities that must be consolidated. In the
                            event a variable interest entity is identified, the
                            Company does not expect the requirements of FIN No.
                            46 to have a material impact on its financial
                            condition or results of operations.

                            In November 2002, the FASB issued Interpretation No.
                            45, Guarantor's Accounting and Disclosure
                            Requirements for Guarantees, Including Indirect
                            Guarantees of Indebtedness of Others (FIN No. 45).
                            FIN No. 45 requires certain guarantees to be
                            recorded at fair value, which is different from
                            current practice to record a liability only when a
                            loss is probable and reasonably estimable, as those
                            terms are defined in FASB Statement No. 5,
                            Accounting for Contingencies. FIN No. 45 also
                            requires the Company to make significant new
                            disclosures about guarantees. The disclosure
                            requirements of FIN No. 45 are effective for the
                            Company in the first quarter of fiscal year 2003.
                            FIN No. 45's initial recognition and initial
                            measurement provisions are applicable on a
                            prospective basis to guarantees issued or modified
                            after December 31, 2002. The Company's previous
                            accounting for guarantees issued prior to the date
                            of the initial application of FIN No. 45 will not be
                            revised or restated to reflect the provisions of FIN
                            No 45. The Company does not expect the adoption of
                            FIN No. 45 to have a material impact on its
                            consolidated financial position, results of
                            operations or cash flows.

                            SFAS No. 140,  Accounting for Transfers and Servicing of Financial  Assets and
                            Extinguishments  of  Liabilities,  was issued in September  2000. SFAS No. 140
                            is a replacement  of SFAS No. 125,  Accounting  for Transfers and Servicing of
                            Financial Assets and  Extinguishments  of Liabilities.  Most of the provisions
                            of SFAS No. 125 were carried  forward to SFAS No. 140 without  reconsideration
                            by the Financial  Accounting  Standards  Board  (FASB),  and some were changed
                            only in minor ways.  In issuing  SFAS No. 140,  the FASB  included  issues and
                            decisions  that  had  been   addressed  and  determined   since  the  original
                            publication  of SFAS No. 125. SFAS No. 140 is effective  for  transfers  after
                            March 31,  2001.  Management  does not expect the  adoption of SFAS No. 140 to
                            have a significant  impact on the financial  position or results of operations
                            of the Company.


 16. Subsequent   Event     On March 1, 2003,  the Company  entered into an  agreement  with Wired LLC, in
                            which  the  Company  is  obligated  to  purchase  equipment  in the  amount of
                            $343,840 in exchange  for 45,000  warrants to purchase  the  Company's  common
                            shares at $1.05 per share and  issuance  of  109,400 of the  Company's  common
                            shares.  The  equipment  will be used in a revenue  sharing  venture  in which
                            Wired  LLC will  receive  all net  profits  from  communications  services  as
                            provided  in the  agreement  until it has  recovered  the  sales  price of the
                            equipment  plus 12%.  After  Wired LLC has  recovered  the sales  price of the
                            equipment  plus 12%,  net profits will be divided  evenly from  communications
                            service  revenue.  The Company has an obligation to service,  and maintain the
                            equipment,  and support the  communications  services  for the duration of the
                            contract years.


</TABLE>

Item 8. Change In and Disagreements with Accountants

None

         PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons

         The following table sets forth the officers and directors of CeriStar
as of March 31, 2003
<TABLE>
                  Name               Age             Position
<S>      <C>                        <C>              <C>
         David L Bailey             63               Chairman of the Board, President and Chief Executive Officer
         Dane P. Goodfellow         57               Vice President of Marketing and Director
         Mark S. Hewitt             51               Director
         G. Earl Demorest           48               Vice President of Engineering and Finance
         Paul D. Losee              54               Vice President of Corporate Development
         Lark M. Allen              58               Director (resigned as of March 31, 2003)
</TABLE>
         David L Bailey has served as Chairman of the Board, President and
Chief Executive Officer of CeriStar since December 1999. From May 1997 to
December 1999, Mr. Bailey served as Managing Partner of DL Group, a limited
liability corporation, which marketed computer software and telecommunications
products.  From 1993 to 1997, he was Chairman and Chief Executive Officer of VZ
Corp., a software development company. Mr. Bailey has also been Chairman and
Chief Executive Officer of Clyde Digital Systems and Cericor, and
was the lead founder and Chief Executive Officer of Iomega, Inc.

         Dane P. Goodfellow has served as Vice President of Marketing and a
director of CeriStar since December 1999.  >From 1998 to 1999, Mr. Goodfellow
served as Vice President of Sales of ViewPoint, Inc. a software development
company.  From 1994 to 1997, he served as Vice President of Marketing and Sales
of VZ Corp., a software development company.

         Mark S. Hewitt has served as a director of CeriStar since April 2000.
Mr. Hewitt is the Chief Technology Officer of Nextbend Inc. a consumer
electronics company based in Florida.  Previously, he was Chief Technology
Officer of Mediacentric Group, a communications solutions provider.  And prior
to that position, he was Senior Vice President of I-Link, a unified messaging
and IP telephony company.

         G. Earl Demorest has served as Vice President of Engineering and
Finance since December 1999. >From 1997 to 1999, Mr. Demorest served as Chief
Financial Officer and Network Administrator of DL Group, a limited liability
corporation, which marketed computer software and telecommunications products.
From 1995 to 1997, he was Controller and Network Administrator of VZ Corp, a
software development company.  Mr. Demorest is also the son-in-law of Mr.
Bailey.

         Paul D. Losee has served as Vice President of Development since March
2001.  From 1999 to 2001, Mr. Losee was the Chief Operating Officer of
Xboundary.com, Inc., an internet centric software developer.  From 1998 to
1999, he was the Chief Operating Officer of IQ Telecommunications, Inc.  Mr.
Losee was President and founder of M+, Inc., a marketing consultancy firm.

         Lark M. Allen served as a director of CeriStar since April of 2000,
until his resignation in March of 2003.

Item 10. Executive Compensation

         Executive and Director compensation for the past three years is as
follows:

                                   Summary Compensation Table
<TABLE>

                                                                                          Long-Term Compensation
                                   Annual Compensation
                                                                                  Awards                              Payouts

                                                                                     Other                           Securities
                                                                                    Annual     Restricted   Underlying
Long-term    All Other
     Name and                                                            Compensa-      Stock      Options/           Incentive
Compensa-
Principal Position    Period   Salary($)    Bonus($)     tion($)     Awards($)    SARs(#)          Payout($)    tion ($)(4)
<S>                  <C>       <C>          <C>      <C>           <C>          <C>           <C>         <C>
D.L. Bailey,         2002(1)   $75,000      0        0             0            0             0           0
President, Chief      2001(2) $136,154      0        0             0            0             0           0
Executive Officer   2000(3) $150,000        0        0             0            0             0           0
and Director

D.P. Goodfellow,     2002(1)     $71,923    0        0             0            0             0           0
Vice President       2001(2)     $79,788    0        0             0            0             0           0
Marketing, Director 2000(3)   $120,000      0        0             0            0             0           0

G.E. Demorest,       2002(1)    $81,923     0        0             0            0             0           0
Vice President       2001(2)  $103,615      0        0             0            0             0                 $123,750
Engineering and      2000(3)    $90,000     0        0             0            0             0           0
Finance

P.D. Losee,          2002(1)   $95,539      0        0             0            0             0           0
Vice President       2001(2)   $92,961      0        0             0            0             0                 $569,250
Corporate            2000(3)      N/A             n/a          n/a       n/a                n/a                   n/a      n/a
Development
</TABLE>
___________________

(1)      For the fiscal year ended December 31, 2002.

(2)      For the fiscal year ended December 31, 2001

(3)      For the fiscal year ended December 31, 2000.

(4)      Prior to CeriStar's merger with Planet, shares of CeriStar common
         stock were issued to Messrs. Demorest and Losee.  These
         shares vest monthly over three years.  The shares were valued at
         $1.00 per share based on the conversion feature and the
         price paid for preferred stock less any obligation to purchase vested
         shares.  These shares were accompanied with an
         obligation of such employee to purchase such shares at $.01 per share.
         If employment is terminated before the end of the
         vesting period, CeriStar can at its option repurchase the unvested
         portion at $.01 per share.

Item 11. Security Ownership of Certain Beneficial Owners and Management

         The following table sets forth the beneficial ownership of the
outstanding shares of CeriStar common stock for (i) each executive officer of
CeriStar, (ii) each director, (iii) each person known to be the beneficial
owner of more than 5% of the outstanding shares of CeriStar and (iv) all
directors and officers as a group:
<TABLE>
                                                                                   Percentage
                      Name and addresses(1)        Number of Shares               of Ownership
<S>               <C>                              <C>                            <C>
                  David L Bailey (2)                           821,493                 13.7%
                  Dane P. Goodfellow                           454,865                  7.6
                  George E. Demorest                           311,653                  5.2
                  A. W. Dugan                                  305,324                  5.1
                  Paul D. Losee                                137,150                  2.3
                  Mark S. Hewitt                                     *                    *
                  Lark M. Allen                                      *                    *

                  Executive officers and directors
                    as a group (6 persons)                 1,765,548 (a)               29.3%
</TABLE>
________________
* Less than 1%.

(1)      The address for Mr. Bailey is 1971 Summerwood Dr, Farmington UT 84025.
         The address for Mr. Goodfellow is  8789 South Sutton
         Way, Salt Lake City, UT 84121.  The address for Mr. Demorest is 1529 E
         Hilda Dr, Fruit Heights, UT 84037.  The address for
         Mr. Dugan is 1415 Louisiana, Suite 3100, Houston, TX 83846. The
         address for  Mr. Losee is 2783 Hobbs Creek Dr, Layton, UT
         84040.  The address for Mr. Hewitt is 5900 Corral Gate Lane, Sarasota,
         FL 34241. The address for Mr. Allen is 1921 Hunting
         Ridge Rd, Raleigh, NC 27615.

(2)      Includes warrants to purchase 15,594 shares of common stock issued to
         Mr. Bailey.

Item 12. Certain Relationships and Related Transactions

         During 2002, David L. Bailey, his wife, Connie Bailey, and his nephew,
A. Brent Bailey, collectively loaned a total of $127,200 to CeriStar, which was
later exchanged for 4,736 shares of CeriStar Series B convertible preferred
stock (which was subsequently converted to 3,585 shares of CeriStar common
stock) and 56,000 shares of CeriStar common stock.  During 2001, Mr. Bailey,
his wife Connie Bailey, and his brother, Daniel W. Bailey, purchased a total of
27,200 shares of Series B convertible preferred stock for $68,000.

Item 14. Controls and Procedures

         The Company's President and Chief Executive Officer and its Chief
Financial Officer (the "Certifying Officers"), are responsible for establishing
and maintaining disclosure controls and procedures for the Company. The
Certifying Officers have concluded (based on their evaluation of these controls
and procedures as of a date within 90 days of the filing of this report) that
the design and operation of the Company's disclosure controls and procedures
(as defined in Rule 13a-14c under the Securities Exchange Act of 1934) are
effective. No significant changes were made in the Company's internal controls
or in other factors that could significantly affect those controls subsequent
to the date of the evaluation, including any corrective actions with regard to
significant deficiencies and material weaknesses.

         There were no significant changes made in our internal controls during
 the period covered by this report, or to our knowledge, in other factors that
could significantly affect these controls subsequent to the date of their
evaluation.

         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.

                                         CERISTAR, INC.



         DATED April 15, 2003.           By:/s/David L. Bailey
                                              __________________________________
                                         David L. Bailey, Chairman of the Board,
                                         President and Chief Executive Officer

         Pursuant to the requirements of the Securities exchange act of 1934,
this report has been signed by the following persons in counterpart on behalf
of the Company on the dates indicated.
<TABLE>
         Signature                                   Title                              Date

<S>      <C>                        <C>                                         <C>
         /s/David L. Bailey
         __________________________ Chairman of the Board, President and        April 15, 2003
         David L. Bailey                    Chief Executive Officer
                                            (Principal Executive Officer)

         /s/Mark S. Hewitt
         _________________________  Director                                    April 15, 2003
              Mark S. Hewitt


         /s/Dane P. Goodfellow
         _________________________  Vice President of Marketing                 April 15, 2003
              Dane P. Goodfellow            and Director


         /s/G. Earl Demorest
         _________________________  Vice President of Engineering and Finance   April 15, 2003
              G. Earl Demorest                       and Chief Financial Officer (Principal
                                            Financial and Accounting Officer)

</TABLE>

                                      CERTIFICATIONS

         I, David L. Bailey, certify that:

         1. I have reviewed this Annual Report on Form 10-KSB of CeriStar, Inc.;

         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
auditors 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 weaknesses 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 or not 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 weaknesses.


                                         CERISTAR, INC.



         DATED April 15, 2003.           By: /s/David L. Bailey
                                             __________________________________
                                         David L. Bailey, Chairman of the Board,
                                         President and Chief Executive Officer






                                                             CERTIFICATIONS

         I, G. Earl Demorest, certify that:

         1. I have reviewed this Annual Report on Form 10-KSB of CeriStar, Inc.;

         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
auditors 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 weaknesses 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 or not 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 weaknesses.

                                       CERISTAR, INC.



DATED April 15, 2003.                   By: /s/G. Earl Demorest
                                             __________________________________
                                            G. Earl Demorest
                                       Vice President of Engineering and Finance
                                        and Chief Financial Officer



                                 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 CeriStar,  (the
"Company") on Form 10-KSB for the year ended  December 31, 2002,
David L. Bailey,  hereby certifies,  pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes - Oxley Act
of 2002, that to the best of his knowledge:

         1. The annual report fully complies with the requirements of Section
 13(a) of the Securities Exchange Act of 1934; and

         2. The information  contained in the annual report fairly  presents,
 in all material  respects,  the financial  condition and
results of operations of the Company.


                                           CERISTAR, INC.



         DATED April 15, 2003.           By: /s/David L. Bailey
                                            __________________________________
                                        David L. Bailey, Chairman of the Board,
                                          President and Chief Executive Officer



                                                             EXHIBIT 99.2

                                 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 CeriStar,  (the "Company")
 on Form 10-KSB for the year ended December 31, 2002, G.
Earl Demorest,  hereby  certifies,  pursuant to 18 U.S.C.  Section 1350, as
adopted pursuant to Section 906 of the Sarbanes - Oxley Act
of 2002, that to the best of his knowledge:

         1. The annual report fully complies with the requirements of Section
13(a) of the Securities Exchange Act of 1934; and

         2. The information  contained in the annual report fairly  presents,
 in all material  respects,  the financial  condition and
results of operations of the Company.


                                    CERISTAR, INC.



         DATED April 15, 2003.        By: /s/G. Earl Demorest
                                          _____________________________________
                                G. Earl Demorest, Vice President of Engineering
                                     and Finance and Chief Financial Officer