UNITED STATES
                       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 June 30, 2002

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
    Act of 1934

    For the Transition Period from __________ to

                        Commission File Number 000-26887

                        GLOBAL FREIGHT INTEGRATORS, INC.
                 (Name of small business issuer in its charter)

           Nevada                                        88-0429812
(State or other jurisdiction of          (I.R.S. employer identification number)
incorporation or organization)

7025 E. 1st Avenue Suite 5, Scottsdale, AZ                  85251
 (Address of principal executive offices)                 (Zip code)

                    Issuer's telephone number: (480) 945-2232

        Securities Registered Pursuant to Section 12(b) of the Act: NONE

           Securities Registered Pursuant to Section 12(g) of the Act:

                                     COMMON
                                (Title of class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. [ ] Yes [X] No

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]

State issuer's revenues for its most recent fiscal year. $0

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates  computed by reference to the price at which the common equity
was sold, or the average bid and asked price of such common  equity,  as of June
30, 2002. (See definition of affiliate in Rule 12b-2 of the Exchange Act.) $1.15

NOTE:  If  determining  whether  a  person  is  an  affiliate  will  involve  an
unreasonable  effort and expense,  the issuer may calculate the aggregate market
value of the common  equity held by  non-affiliates  on the basis of  reasonable
assumptions, if the assumptions are stated.

State the number of shares outstanding of each of the issuer's classes of common
equity, as of April 15, 2003. 497,601 shares.

                       DOCUMENTS INCORPORATED BY REFERENCE

If the following documents are incorporated by reference,  briefly describe them
and  identify  the part of the Form 10-KSB  (e.g.,  Part I, Part II,  etc.) into
which the document is incorporated:  (1) any annual report to security  holders;
(2) any proxy or information statement; and (3) any prospectus filed pursuant to
Rule 424(b) or (c) of the Securities Act of 1933 ("Securities  Act"). The listed
documents should be clearly described for identification  purposes (e.g., annual
report to security holders for fiscal year ended December 24, 1990).

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]
<PAGE>
PART I......................................................................  3
   ITEM 1.  BUSINESS........................................................  3
   ITEM 2.  PROPERTIES......................................................  5
   ITEM 3.  LEGAL PROCEEDINGS...............................................  5
   ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.............  5
PART II.....................................................................  6
   ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS........  6
   ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.......  6
   ITEM 7.  FINANCIAL STATEMENTS............................................  8
   ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
            AND FINANCIAL DISCLOSURE........................................  8
PART III....................................................................  8
   ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
            COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT...............  8
   ITEM 10. EXECUTIVE COMPENSATION..........................................  9
   ITEM 11. SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS... 10
   ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.................. 10
   ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K................................ 11
SIGNATURES.................................................................. 11

                                       2
<PAGE>
                           FORWARD LOOKING STATEMENTS

     This Annual Report contains forward-looking  statements about the Company's
financial  condition,  and prospects that reflect  management's  assumptions and
beliefs  based on  information  currently  available.  The  Company  can give no
assurance that the  expectations  indicated by such  forward-looking  statements
will be realized.  If any assumptions  should prove incorrect,  or if any of the
risks and uncertainties underlying such expectations should materialize,  Global
Freight  Integrator's  actual results may differ materially from those indicated
by the forward-looking statements.

     The key factors that are not within the Company's control and that may have
a direct bearing on operating  results include,  but are not limited to, ability
to identify and merge with an operating  entity,  managements'  ability to raise
capital  in the  future,  the  retention  of key  employees  and  changes in the
regulation of the public company.

     There may be other risks and circumstances that management may be unable to
predict.  When  used in this  Report,  words  such  as,  "BELIEVES,"  "EXPECTS,"
"INTENDS,"  "PLANS,"  "ANTICIPATES,"  "ESTIMATES"  and similar  expressions  are
intended to identify and qualify forward-looking statements,  although there may
be certain  forward-looking  statements  not  accompanied  by such  expressions.
However, the forward-looking  statements contained herein are not covered by the
safe harbors created by Section 21E of the Securities Exchange Act of 1934.

                                     PART I

ITEM 1. BUSINESS

OVERVIEW AND HISTORY

     Global Freight  Integrators,  Inc. started as The Regency Group, Limited in
February of 1999 as a  technology-based  investment company based in Scottsdale,
Arizona.  The Regency  Group,  Limiteds' main focus was developing the companies
that it had interests in with a view towards  enhancing their value as potential
take-over  targets  or  through  taking  them  public.  In  June  of  2002,  the
Corporation  changed its name to Energy River  Corporation.  The Company's focus
was in the business of  developing,  acquiring and investing in emerging  growth
alternative energy companies, technologies, and projects.

     Unfortunately,  the  Company  was unable to  successfully  execute  the new
business  plan.  In  February of 2003,  the  Company  changed its name to Global
Freight  Integrators,  Inc. Along with the name change came a new management and
ownership team. The goal of new management is to seek a new profitable  business
model for the company by identifying and acquiring an operating entity.

SUBSIDIARIES

     Both Regency  Preferred  Corporation and Advantage  Mobile Media,  Inc. are
wholly owned subsidiaries of Global Freight Integrators, Inc. New management has
dissolved both companies in May of 2003.

PROPRIETARY RIGHTS

     The Company currently does not possess trademarks,  patents, or copyrights,
in relation to their  products and services.  Policing  unauthorized  use of the
Company's  proprietary  and other  intellectual  property  rights  could,  while
currently unlikely, could entail significant expenses. In addition, there can be
no assurance  that third parties will not bring claims of copyright or trademark
infringement  against the Company or claim that certain aspects of its processes
or features  violates a patent they hold.  There can be no assurance  that third
parties will not claim that the Company has misappropriated their creative ideas
or formats or otherwise  infringed upon their proprietary  rights. Any claims of
infringement,  with or without merit, could be time consuming to defend,  result
in costly litigation,  divert management attention, require the Company to enter
into costly royalty or licensing  arrangements to prevent the Company from using
important  technologies or methods,  any of which could have a material  adverse
effect on the Company's business, financial condition or operating results.

                                       3
<PAGE>
EMPLOYEES

     The Company's officers and directors are currently the only employees as of
May 2003. The employees are currently not represented by a collective bargaining
agreement,  and the Company believes that relations with its employees are good.
There are no known problems or issues regarding any former employees,  officers,
or directors.

RISK FACTORS

     The following discussion contains,  in addition to historical  information,
forward-looking  statements that involve risks and uncertainties.  The Company's
actual  results  could differ  significantly  from the results  discussed in the
forward-looking  statements.  Factors  that could  cause or  contribute  to such
differences  include,  but are not limited to, those discussed below and in Item
6,  "Management's  Discussion  and  Analysis of  Financial  Condition or Plan of
Operation."

LIMITED OPERATING HISTORY

     The Company was  incorporated in February 1999,  with a principal  business
objective  of  developing  the  companies  that it had  interests in with a view
towards  enhancing their value as potential  take-over targets or through taking
them public.  It had a limited  operating history on which to base an evaluation
for  businesses  and  prospects.  The Company's  prospects must be considered in
light  of  the  risks,  expenses  and  difficulties  frequently  encountered  by
companies  in  their  early  stage of  development,  particularly  companies  in
evolving markets.  These risks include,  but are not limited to, an evolving and
unpredictable  business  model,  dependence on the growth in use of the products
and services provided,  the acceptance of the products and services, the ability
to attract and retain a suitable user base, rapid  technological  change and the
management of growth.  In view of the Company's  business  model and its limited
operating  history,  it is believed  that  period-to-period  comparisons  of the
operating  results are not necessarily  meaningful and should not be relied upon
as an indication of future performance.

UNPREDICTABILITY  OF  FUTURE  REVENUES;   POTENTIAL  FLUCTUATIONS  IN  QUARTERLY
OPERATING RESULTS; SEASONALITY

     As a result of the Company's  limited  operating  history,  it is unable to
accurately forecast future revenues, if any. The Company anticipates that it may
experience  significant  fluctuations in its future quarterly  operating results
due to a variety of factors, many of which are outside its control. Factors that
may adversely affect the quarterly  operating results include (i) the ability to
attract a new  business  model;  (ii) the  ability to upgrade  and  develop  its
systems and  infrastructure;  and (iii) the amount and timing of operating costs
and  capital  expenditures  relating to  expansion  of the  Company's  business,
operations and infrastructure.

     Due to the foregoing factors,  in one or more future quarters the Company's
operating  results may fall below the  expectations  of securities  analysts and
investors.  In such event, the trading price of the Common Stock would likely be
materially adversely affected.

DEPENDENCE ON KEY PERSONNEL; NEED FOR ADDITIONAL PERSONNEL

     The Company's performance is substantially dependent on the services and on
the performance of its officers and directors.  The Company's  performance  also
depends on its ability to attract,  hire,  retain, and motivate its officers and
key  employees.  The loss of the  services of any of the  executive  officers or
other key  employees  could  have a  material  adverse  effect on the  Company's
business, prospects, financial condition, and results of operations. The Company
has  not  entered  into  long-term  employment  agreements  with  any of its key
personnel and currently has no "Key Man" life insurance policies.  The Company's
future success may also depend on it ability to identify,  attract, hire, train,
retain, and motivate other highly skilled technical, managerial,  marketing, and
customer service personnel. Competition for such personnel is intense, and there
can be no  assurance  that the  Company  will be able to  successfully  attract,
assimilate,  or retain sufficiently qualified personnel.  The failure to attract
and retain the necessary technical, managerial,  marketing, and customer service
personnel  could  have a  material  adverse  effect on the  Company's  business,
prospects, financial condition, and results of operations.

                                       4
<PAGE>
ESTABLISHMENT OF AN OPERATING ENTITY

     The Company believes that  establishing and maintaining an operating entity
is a critical aspect of the Company's  business  model.  The Company has not yet
developed an operating  entity and if it fails to do so it could have a material
adverse  impact on its business.  Promotion and  enhancement of this entity will
depend largely on the success of this entity in providing high quality  services
or  products,  which cannot be assured.  If users do not perceive the  Company's
future products or services to be comprehensive  and of high quality,  or if the
Company  introduces new features,  or enters into new business ventures that are
not favorably  received by the public,  the Company will risk diluting the value
of its operating  entity.  If the Company fails to provide high quality services
or product, or otherwise to promote and maintain a service or product, or if the
Company incurs excessive  expenses in an attempt to improve services or product,
or promote and maintain a service or product,  future  results of operations and
financial condition could be materially and adversely affected.

GROWTH STRATEGY IMPLEMENTATION; ABILITY TO MANAGE GROWTH

     The Company  anticipates  that  significant  expansion  will be required to
address  the  Company's  business  plan and  shareholder  value.  The  Company's
expansion  is  expected  to  place  a  significant  strain  on  its  management,
operational  and  financial  resources.  To manage  any  material  growth of the
Company's  operations  and  personnel,  the  Company  may be required to improve
existing  operational  and  financial  systems,  procedures  and controls and to
expand,  train and manage its employee base.  There can be no assurance that the
Company's planned personnel, financing, systems, procedures and controls will be
adequate to support its future operations, that management will be able to hire,
train,  retain,  motivate and manage  required  personnel or that its management
will be able to successfully identify, manage and exploit existing and potential
market opportunities. If the Company is unable to manage growth effectively, its
business,  prospects,  financial  condition,  and results of  operations  may be
materially adversely affected.

POSSIBLE FUTURE ISSUANCE OF COMMON STOCK

     The  Company,  effective  February  2003,  is  authorized  to  issue  up to
700,000,000  Shares of Common  Stock.  Presently,  there are  497,601  shares of
Common Stock issued and outstanding. Additional issuances of Common Stock may be
required to raise  capital,  to acquire stock or assets of other  companies,  to
compensate  employees  or to  undertake  other  activities  without  stockholder
approval.  These additional  issuances of Common Stock will increase outstanding
shares and further dilute stockholders' interests.  Because the Company's Common
Stock is currently  subject to the existing  rules on penny  stocks,  the market
liquidity for and value of its securities can be severely adversely affected.

ITEM 2. PROPERTIES

     Corporate  headquarters  are  located  at 7025  East  1st  Avenue  Suite 5,
Scottsdale, AZ 85251. The dimension of the new office space is approximately 200
square  feet.  The space is at no charge to the  Company  and is  provided  by a
related  party.  The Company does not have any  additional  facilities,  nor are
there proposed programs for the renovation,  improvement,  or development of the
properties currently being utilized.

ITEM 3. LEGAL PROCEEDINGS

The Company was not subject to, in the years 2001 and 2002, nor are we currently
subject to any legal proceedings.

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

None.

                                       5
<PAGE>
                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

MARKET INFORMATION

     The Company's common stock is currently traded on the Pink Sheets under the
stock  ticker  symbol  "GBFT."  The  following  sets  forth the high and low bid
quotations for the Common Stock for the year.  These  quotations  reflect prices
between dealers, do not include retail mark-ups,  markdowns, and commissions and
may not necessarily represent actual transactions.

                                                            HIGH        LOW
     2002
     For the period (July 1, 2001 to June 30, 2002)         $.40*       $.01
----------
*    Price  does not  reflect  40 for 1  reversal  in June of 2002 and 100 for 1
     reversal in February of 2003.

     During the year ended June 30,  2002,  there were 620  potential  shares of
common  stock of the  Company  upon  conversion  of the  preferred  stock  still
outstanding as of May 2003. There is no fixed redemption price and no expiration
date.  In June of 2002 the  Company  did offer  stock  options to its  employees
through a Qualified  Stock Option Plan that  reserved  2,500,000  shares for the
plan. As of June 30, 2002 the Company had awarded  1,160,000 of those options to
its employees.

     There are  approximately  485,052 shares of restricted  common Stock of the
Company  of which  all of these  restricted  shares  are more than two years old
could be sold under Rule 144 under the Securities Act of 1933, as amended.

     There is  currently  no common  equity  that is being or is  proposed to be
publicly  offered by the  Company,  the  offering of which could have a material
effect on the market price of the issuer's common equity.

     There are currently 2479 shares of preferred  stock  outstanding as of June
30, 2002.  These shares are convertible  into 620 shares of the Company's common
stock.

HOLDERS

     As of April 14, 2003, the Company had  approximately  201  stockholders  of
record.

DIVIDEND POLICY

     The Company has not paid any  dividends to date.  In addition,  it does not
anticipate paying dividends in the foreseeable future. The Board of Directors of
the Company will review its dividend  policy from time to time to determine  the
desirability and feasibility of paying  dividends after giving  consideration to
the Company's earnings, financial condition, capital requirements and such other
factors as the board may deem relevant.

ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     Global Freight  Integrators,  Inc. started as The Regency Group, Limited in
February of 1999 as a  technology-based  investment company based in Scottsdale,
Arizona.  The Regency  Group,  Limiteds' main focus was developing the companies
that it held interests in with a view towards enhancing their value as potential
take-over targets or through taking them public. In June of 2002 the Corporation
changed its name to Energy River  Corporation.  The  Company's  focus was in the
business of developing,  acquiring and investing in emerging growth  alternative
energy companies, technologies and projects.

     Unfortunately,  the  Company  was unable to  successfully  execute  the new
business  plan.  In  February of 2003,  the  company  changed its name to Global
Freight  Integrators,  Inc. Along with the name change came a new management and
ownership team. The goal of new management is to seek a new profitable  business
model for the company.

                                       6
<PAGE>
     Both Regency  Preferred  Corporation and Advantage  Mobile Media,  Inc. are
wholly owned subsidiaries of Global Freight Integrators, Inc. New management has
dissolved both companies in May of 2003.

REVENUES

     The Company had no revenues for the years ended June 30, 2002 and 2001.

G & A EXPENSES

     Operating  expenses  totaled $259,969 and $483,659 for the years ended June
30, 2002 and 2001, respectively.  The decrease was due to a significant decrease
in salaries and other operating  expenses  resulting from the change of business
plans.

LOSS ON INVESTMENTS

     The Company had a $1,450,502  loss on investments in the year June 30, 2001
due to the  write-offs of  substantial  investments  made in technology  related
companies.

     In addition,  the Company  incurred net other expenses of $34,463,  for the
year ended June 30, 2002,  verses net income of $11,448,  in the prior year. The
decrease  was due to the write off of the  Company's  fixed  assets  and loss of
interest income.

NET LOSS

     The  Company  incurred a net loss in the amount of  $294,432,  for the year
ended June 30, 2002. This represents a decrease of $3,364,301,  or 92%, over the
net loss  for the  prior  year  2001 of  $3,658,733.  In 2001  the  Company  had
substantial  losses due to the  write-offs of  substantial  investments  made in
technology related companies.

LIQUIDITY AND CAPITAL RESOURCES

     The Company  experienced a minimal cash outflow from continuing  operations
during the year ended June 30, 2002, as compared to a net of  $1,290,815  during
the year ended June 30,  2001.  The  Company did not  purchase  assets with cash
during the year ended June 30, 2002.  Additionally,  the Company used $81,395 in
cash to purchase fixed assets in 2001.

     The Company  received  net cash  proceeds of $64,000  from the  issuance of
common stock for equity  investments  in the Company  during the year ended June
30,  2002.  In the prior year,  the Company  obtained  $404,015  from  financing
activities,  attributable mainly to the issuance of notes payable to related and
third parties.

CASH NEEDS FOR THE NEXT TWELVE MONTHS

     The Company's financial resources during the year 2002 were insufficient to
support  the  Company's  operating  infrastructure.  As a  result,  the  Company
significantly  decreased its operations by  liquidating  assets and reducing its
payroll.

     For the year 2003, the Company  expects to incur greater  overhead that may
be attributable to hiring additional employees, as necessary, and higher related
office  expenses.  The Company also expects to increase  investments,  which may
strain  its cash  position.  The  Company  does not  have  sufficient  financial
resources to support an increased  level of operations for the next 12 months if
it does not  generate  sufficient  revenues  and/or if it fails to raise  equity
capital as appropriate.  Based on current  information on hand and the Company's
latest  expectation  of its  operations  for the  next  12  months,  there  is a
potential going concern issue.

     The Company  cannot give  assurance  that it can generate the cash it needs
for the next 12 months. There may be a shortfall in cash if the Company fails to
do so. The Company may need to obtain additional  financing in the event that it
is unable to realize sufficient revenue.  Furthermore,  the Company's ability to
satisfy the redemption of future debt obligations that it may enter into will be
primarily  dependent upon the future financial and operating  performance of the
Company.  Such  performance  is  dependent  upon  financial,  business and other

                                       7
<PAGE>
general economic factors, many of which are beyond the Company's control. If the
Company  is unable to  generate  sufficient  cash flow to meet its  future  debt
service  obligations or provide adequate long-term  liquidity,  the Company will
have to pursue one or more  alternatives,  such as reducing or delaying  capital
expenditures,  refinancing debt,  selling assets or operations or raising equity
capital. There can be no assurance that such alternatives can be accomplished on
satisfactory  terms,  if at all, or in a timely manner.  If the Company does not
have  sufficient  cash  resources  when needed,  the Company will not be able to
continue operations as a going concern.

ITEM 7. FINANCIAL STATEMENTS

     The following  documents (pages F-1 to F-10) form part of the report on the
Financial Statements

                                                       PAGE
                                                       ----
     Independent Auditors' Report                       F-1
     Balance Sheet                                      F-2
     Statements of Operations                           F-3
     Statement of Stockholders' (Deficit)               F-4
     Statements of Cash Flows                           F-5
     Footnotes                                          F-6 to F-10


ITEM  8.  CHANGES  IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND
          FINANCIAL DISCLOSURE

     On June 6,  2002 the  Company  filed a Change  in  Registrant's  Certifying
Account with the SEC. The Company has no  disagreements  with its accountants on
accounting and financial disclosure.

                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
        WITH SECTION 16(a) OF THE EXCHANGE ACT

     The names,  ages and  positions of the  Company's  directors  and executive
officers are as follows:

         Name                 Age                 Position
         ----                 ---                 --------
     Raymond Bills            59             President
     Jamie Kerr               36             Secretary and Treasurer

FAMILY RELATIONSHIPS

     James Kerr, the Company's Secretary and Treasurer, is the brother of is the
President of Corporate  Communications  Network,  Inc. Corporate  Communications
Network,  Inc.  is the  beneficial  owner  of  84.4%  of the  Company's  current
outstanding common stock.

WORK EXPERIENCE

     RAYMOND BILLS, PRESIDENT,  has been highly successful for twenty-five years
in multiple  locations  as a sales  representative,  sales  manager and district
manager for Dictaphone  Corporation.  His experience  includes proven success in
sales to major accounts and hospitals,  turning around poor producing districts,
evaluating  sales  representatives'  effectiveness,   preparing  sales  budgets,
analyzing sales  territories,  maintaining  inventory  control and communicating
results to senior management.

     JAMIE KERR,  SECRETARY AND TREASURER,  has over a decade of experience as a
Business  Development  Manager.  While he worked for the Arizona  Department  of
Commerce he led business recruitment efforts, which resulted in $800m in capital
investment,  42 companies,  and 6000 new jobs to Greater Arizona. In addition to
working for the Arizona Department of Commerce Mr. Kerr also worked for Kitchell
CEM where he  identified  and fostered  relationships  with  potential  clients,
created synergy between  divisions within the corporation and collaborated  with
corporate  offices in other regions to determine target markets and identify new
opportunities

                                       8
<PAGE>
INVOLVEMENT ON CERTAIN MATERIAL LEGAL PROCEEDINGS DURING THE LAST FIVE YEARS

     (1) No  director,  officer,  significant  employee or  consultant  has been
convicted in a criminal proceeding, exclusive of traffic violations.

     (2) No bankruptcy  petitions  have been filed by or against any business or
property of any  director,  officer,  significant  employee or consultant of the
Company nor has any  bankruptcy  petition been filed  against a  partnership  or
business  association  where these  persons were  general  partners or executive
officers.

     (3) No  director,  officer,  significant  employee or  consultant  has been
permanently or temporarily enjoined, barred, suspended or otherwise limited from
involvement in any type of business, securities or banking activities.

     (4) No director,  officer or  significant  employee  has been  convicted of
violating a federal or state securities or commodities law.

ITEM 10. EXECUTIVE COMPENSATION

REMUNERATION OF DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES

     The  Company  does  not  have  employment  agreements  with  its  executive
officers.  They have yet to  determine  the  appropriate  terms  needed  for the
creation of employment agreements for its officers. There has been no discussion
with  any of the  Company's  officers  regarding  any  potential  terms of these
agreements,  nor have such  terms  been  determined  with any  specificity.  The
Company  plans to have these  agreements  completed by the beginning of the next
year. They have no proposal,  understanding  or arrangement  concerning  accrued
earnings  to be paid  in the  future.  In the  meanwhile,  none  of the  current
executive officers have been drawing salaries since they were appointed to their
positions.

                           Summary Compensation Table
<TABLE>
<CAPTION>
                                    Annual Compensation               Long-Term Compensation
                              ------------------------------   -----------------------------------
                                                     Other
                                                     Annual    Restricted   Securities                All Other
     Name and                                       Compensa     Stock      Underlying     LTIP       Compensa
Principal Position    Year    Salary ($)  Bonus($)   tion($)    Awards($)    Options(#)   Payouts($)   tion($)
------------------    ----    ----------  --------   -------    ---------    ----------   ----------   -------
<S>                   <C>          <C>       <C>       <C>      <C>         <C>           <C>         <C>
Raymond Bills         2002         0         0         0           0                0        0           0
President

Jamie Kerr            2002         0         0         0           0                0        0           0
Secretary & Treasurer

Pamela Michie         2002   $45,000         0         0           0           70,000        0           0
Former Secretary

Terry Neild           2002         0         0         0           0                0        0           0
Former President
</TABLE>

DIRECTORS' COMPENSATION

     The  Company  has no formal  or  informal  arrangements  or  agreements  to
compensate its directors for services they provide as directors of the Company.

                                       9
<PAGE>
EMPLOYMENT CONTRACTS AND OFFICERS' COMPENSATION

     Since  incorporation,  the  Company  has  paid  some  compensation  to  its
officers.  The  Company  does not  have  employment  agreements  with any of its
current officers,  directors of employees. Any future compensation to be paid to
these  individuals will be determined by the Board of Directors,  and employment
agreements will be executed.

STOCK OPTION PLAN AND OTHER LONG-TERM INCENTIVE PLAN

     The  Company,  as of May  2003,  does  not  have an  existing  or  proposed
option/SAR  grants.  In June of 2002 the Company did offer stock  options to its
employees  through a Qualified Stock Option Plan that reserved  2,500,000 shares
for the plan. The Company did issue 406,500 shares to employees,  officers,  and
directors  under the plan.  The plan has since  expired and was cancelled by the
Board of Directors.

ITEM 11. SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS

     The  following  table sets forth as of June 30,  2002  certain  information
regarding the beneficial ownership of our common stock by:

     1.   Each person who is known by us to be the beneficial owner of more than
          5% of the common stock,

     2.   Each of our directors and executive officers and

     3.   All of our directors and executive officers as a group.

     Except as otherwise  indicated,  the persons or entities  listed below have
sole  voting and  investment  power with  respect to all shares of common  stock
beneficially owned by them, except to the extent such power may be shared with a
spouse. No change in control is currently being contemplated.

<TABLE>
<CAPTION>
                             Name and Address          Amount and Nature of
Title of Class             of Beneficial Owner          Beneficial Owner        % of Class
--------------             -------------------          ----------------        ----------
<S>                <C>                                       <C>                   <C>
Common Stock       CORPORATE COMMUNICATIONS NETWORK INC      420,000               84.4%
</TABLE>

NON-VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF

     The Company has not issued any non-voting securities.

OPTIONS, WARRANTS AND RIGHTS

     The Company has preferred stock outstanding convertible into 620 underlying
shares of common stock.  The preferred stock have no fixed  redemption price and
no expiration date.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     James Kerr, the Company's Secretary and Treasurer, is the brother of Steven
Kerr who is the President of Corporate  Communications  Network,  Inc. Corporate
Communications  Network,  Inc. is the beneficial owner of 84.4% of the Company's
current outstanding common stock.

                                       10
<PAGE>
ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

Exhibit Number                     Name and/or Identification of Exhibit
--------------                     -------------------------------------
      99            Certification Pursuant to Section 906 of the Sarbanes-Oxley
                    Act of 2002

  Date Filed                  Items Disclosed in Report on Form 8-K and 8-K/A
  ----------                  -----------------------------------------------

  06/06/2002     Item 1 - Changes in Control of Registrant
                 Item 5 - Other Events
  06/16/2002     Item 4 - Change in Registrant's Certifying Account
  06/28/2002     Item 4 - Change in Registrant's Certifying Account
  07/19/2002     Item 1 - Changes in Control of Registrant
                 Item 5 - Other Events
  08/15/2002     Item 1 - Changes in Control of Registrant
                 Item 6 - Resignations of Registrant's Directors
  04/01/2003     Item 1 - Changes in Control of Registrant
                 Item 5 - Other Events
  04/14/2003     Item 4 - Change in Registrant's Certifying Account
  04/14/2003     Item 4 - Change in Registrant's Certifying Account
  04/17/2003     Item 4 - Change in Registrant's Certifying Account
  04/17/2003     Item 4 - Change in Registrant's Certifying Account

                                   SIGNATURES

     In accordance  with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                        Global Freight Integrators, Inc.
                                  (Registrant)

     Signature                          Title                         Date
     ---------                          -----                         ----

/s/ Raymond Bills              Chief Executive Officer and        May 22, 2003
------------------------       Chief Financial Officer
   Raymond Bills

     In  accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  registrant and in the capacities and on
the dates indicated.

     Signature                          Title                         Date
     ---------                          -----                         ----

/s/ Raymond Bills              President                          May 22, 2003
------------------------
    Raymond Bills


/s/ Jamie Kerr                 Secretary & Treasurer              May 22, 2003
------------------------
    Jamie Kerr

                                       11
<PAGE>
                                 CERTIFICATIONS

I, Raymond Bills, certify that:

     1.   I have reviewed  this annual  report on Form 10-KSB of Global  Freight
          Integrators, 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; and

     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 position,  results of operations,  and
          cash flows of the issuer as of, and for, the periods presented in this
          quarterly report.

     4.   I am responsible for establishing and maintaining  disclosure controls
          and procedures for the issuer and have:

          (i)  Designed such  disclosure  controls and procedures to ensure that
               material  information relating to the issuer is made known to me,
               particularly  during the period in which the periodic reports are
               being prepared;

          (ii) Evaluated the effectiveness of the issuer's  disclosure  controls
               and procedures as of June 30, 2002; and

          (iii)Presented in the report our conclusions  about the  effectiveness
               of the disclosure  controls and procedures based on my evaluation
               as of the Evaluation Date;

     5.   I have disclosed,  based on my most recent evaluation, to the issuer's
          auditors and the audit committee of the board of directors (or persons
          fulfilling the equivalent function):

          (i)  All  significant  deficiencies  in the  design  or  operation  of
               internal  controls  which  could  adversely  affect the  issuer's
               ability to record,  process,  summarize and report financial data
               and  have  identified  for the  issuer's  auditors  any  material
               weaknesses in internal controls (none were so noted); and

          (ii) Any fraud,  whether or not material,  that involves management or
               other  employees  who  have a  significant  role in the  issuer's
               internal controls (none were so noted); and

     6.   I have indicated in the 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.

Date:  May 22, 2003

/s/ Raymond Bills
------------------------
Raymond Bills
Chief Executive Officer
Chief Financial Officer

                                       12
<PAGE>
To The Stockholders and Board of Directors of
Global Freight Integrators, Inc. (formerly Energy River Corp.)


We have audited the  accompanying  consolidated  balance sheet of Global Freight
Integrators,  Inc.  (formerly  Energy River Corp.) as of June 30, 2002,  and the
related consolidated statements of operations,  changes in stockholders' deficit
and cash flows for the years  ended June 30, 2002 and 2001.  These  consolidated
financial  statements are the  responsibility of the Company's  management.  Our
responsibility  is  to  express  an  opinion  on  these  consolidated  financial
statements based on our audit.

We conducted our audit in accordance with auditing standards  generally accepted
in the  United  States of  America.  Those  standards  require  that we plan and
perform the audit to obtain reasonable  assurance about whether the consolidated
financial  statements  are free of  material  misstatements.  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 our audit
provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above presents
fairly,  in all material  respects,  the  financial  position of Global  Freight
Integrators,  Inc.  (formerly  Energy River Corp.) as of June 30, 2002,  and the
results of its operations,  changes in stockholders' deficit, and its cash flows
for the years  ended  June 30,  2002 and 2001,  in  conformity  with  accounting
principles generally accepted in the United States of America.

The accompanying  consolidated  financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 7 to the
consolidated  financial statements,  the Company's significant operating losses,
deficit  working  capital and deficit equity raise  substantial  doubt about its
ability to continue  as a going  concern.  Management's  plans in regard to this
matter are also discussed in Note 7. The  consolidated  financial  statements do
not  include  any  adjustments  that  might  result  from  the  outcome  of this
uncertainty.

                            /s/ Semple & Cooper, LLP

Semple & Cooper, LLP
Phoenix, Arizona

May 14, 2003

                                      F-1
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
                           CONSOLIDATED BALANCE SHEET
                                  JUNE 30, 2002

                                     ASSETS
CURRENT ASSETS
  Cash                                                              $     2,258
                                                                    -----------

      TOTAL ASSETS                                                  $     2,258
                                                                    ===========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - related parties (Note 3)                          $    21,000
  Accounts payable                                                       43,558
  Accrued payroll                                                         3,059
                                                                    -----------

      TOTAL CURRENT LIABILITIES                                          67,617
                                                                    -----------

COMMITMENTS AND CONTINGENCIES (NOTE 6)                                       --

STOCKHOLDERS' DEFICIT (NOTE 7)
  Convertible preferred stock, $.001 par value, 5,000,000
   shares authorized
   - Series A, 2,479 shares issued and outstanding at
     June 30, 2002                                                            3
  Common stock, $.001 par value, 100,000,000 shares authorized
   6,421,414 shares issued and outstanding at June 30, 2002               6,421
  Additional paid-in capital                                          4,276,038
  Accumulated deficit                                                (4,347,821)
                                                                    -----------

      TOTAL STOCKHOLDERS' DEFICIT                                       (65,359)
                                                                    -----------

      TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                   $     2,258
                                                                    ===========

                   The Accompanying Notes are an Integral Part
                    of the Consolidated Financial Statements

                                      F-2
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
                      CONSOLIDATED STATEMENT OF OPERATIONS
                   FOR THE YEARS ENDED JUNE 30, 2002 AND 2001

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

REVENUES                                      $         --         $         --

COST OF REVENUES                                        --                   --
                                              ------------         ------------

GROSS PROFIT                                            --                   --

GENERAL AND ADMINISTRATIVE EXPENSES                259,969              483,659
LOSS ON INVESTMENTS                                     --            1,450,502
                                              ------------         ------------

LOSS FROM CONTINUING OPERATIONS                   (259,969)          (1,934,161)
                                              ------------         ------------

OTHER INCOME (EXPENSE)
  Loss on disposal of assets                       (48,035)                  --
  Sublease income                                   40,394                   --
  Interest expense                                 (24,764)             (30,767)
  Other income and (expense), net                   (2,058)              23,038
  Interest income                                       --               19,177
                                              ------------         ------------

TOTAL OTHER INCOME (EXPENSE)                       (34,463)              11,448
                                              ------------         ------------

NET LOSS FROM CONTINUING OPERATIONS               (294,432)          (1,922,713)
                                              ------------         ------------

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   E-River segment                                      --             (736,920)
  Loss on disposal of E-River segment                   --             (999,100)
                                              ------------         ------------
                                                        --           (1,736,020)
                                              ------------         ------------

NET LOSS                                      $   (294,432)        $ (3,658,733)
                                              ============         ============

BASIC LOSS PER COMMON SHARE FROM
 CONTINUING OPERATIONS                        $      (0.01)        $      (0.08)
                                              ============         ============

BASIC LOSS PER COMMON SHARE FROM
 DISCONTINUED OPERATIONS                             (0.00)        $      (0.06)
                                              ============         ============

BASIC LOSS PER COMMON SHARE, NET              $      (0.01)        $      (0.14)
                                              ============         ============

WEIGHTED AVERAGE SHARES OUTSTANDING             30,698,890           27,108,145
                                              ============         ============

                   The Accompanying Notes are an Integral Part
                    of the Consolidated Financial Statement

                                      F-3
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
           CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT
                   FOR THE YEARS ENDED JUNE 30, 2002 AND 2001

<TABLE>
<CAPTION>
                                  Convertible Preferred Stock
                                  ---------------------------
                                            Series A             Common Stock        Additional
                                       ------------------     -------------------      Paid-in     Accumulated
                                       Shares      Amount     Shares       Amount      Capital       Deficit          Total
                                       ------      ------     ------       ------      -------       -------          -----
<S>                                   <C>          <C>     <C>           <C>        <C>           <C>            <C>
Balance at June 30, 2000               15,500       $ 15    23,306,500    $ 23,307   $ 1,723,428   $  (394,656)   $ 1,352,094
  Acquisition of subsidiary
  (E-River)                             2,500          3     5,000,000       5,000     1,494,997            --      1,500,000
  Surrender of stock from E-River      (1,200)        (1)     (350,000)       (351)          352            --             --
  Additional stock granted in
  private placement                        --         --        24,300          24           (24)           --             --
  Net loss                                 --         --            --          --            --    (3,658,733)    (3,658,733)
                                      -------       ----   -----------    --------   -----------   -----------    -----------

Balance at June 30, 2001               16,800         17    27,980,800      27,980     3,218,753    (4,053,389)      (806,639)
  Stock issued in private placement        --         --       640,000         640            --            --            640
  Preferred A conversion to common
  (Original investors)                (14,150)       (14)   14,150,000      14,150       (14,136)           --             --
  Preferred A converted to common
  (E-River investment)                   (171)        --       170,100          --            --            --             --
  1:40 reverse split                       --         --   (41,867,304)    (41,697)       41,697            --             --
                                      -------       ----   -----------    --------   -----------   -----------    -----------
Balance after reverse split             2,479          3     1,073,596       1,073     3,246,314    (4,053,389)      (805,999)
  Conversion of Regency Preferred
  Corporation's preferred stock            --         --       320,000         320        63,680            --         64,000
  Stock issued for debt and services       --         --     5,027,818       5,028       966,044            --        971,072
  Net loss                                 --         --            --          --            --      (294,432)      (294,432)
                                      -------       ----   -----------    --------   -----------   -----------    -----------

Balance at June 30, 2002                2,479       $  3     6,421,414    $  6,421   $ 4,276,038   $(4,347,821)   $   (65,359)
                                      =======       ====   ===========    ========   ===========   ===========    ===========
</TABLE>
                   The Accompanying Notes are an Integral Part
                    of the Consolidated Financial Statements

                                      F-4
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                   FOR THE YEARS ENDED JUNE 30, 2002 AND 2001

<TABLE>
<CAPTION>
                                                            2002                 2001
                                                         -----------         -----------
<S>                                                      <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss from continuing operations                    $  (294,432)        $(1,922,713)
  Adjustments to reconcile net loss to net cash
   provided by (used) in operating activities:
     Depreciation and amortization                            18,249              24,486
     Loss on investments                                          --           2,950,502
     Capital lease adjustment                                 (7,538)                 --
     Loss on disposal of fixed assets                         48,035                  --
     Services paid with stock                                250,945
  Changes in Assets and Liabilities:
     Due from related party                                       --              78,463
     Other current assets                                         --              39,121
     Interest receivable                                          --               4,800
     Prepaid expenses                                          2,000              (2,000)
     Accounts payable                                        (48,040)             91,428
     Accrued wages                                               331               2,728
     Interest payable                                        (28,800)             24,000
                                                         -----------         -----------
Net cash provided (used) in continuing operations            (59,250)          1,290,815

Loss from discontinued operations                                 --          (1,736,020)
                                                         -----------         -----------
        Net cash used in operating activities                (59,250)           (445,205)
                                                         -----------         -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of fixed assets                                        --             (81,395)
                                                         -----------         -----------
        Net cash used in investing activities                     --             (81,395)
                                                         -----------         -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from debt-related parties                              --             404,015
  Repayment of capital leases                                 (2,592)                 --
  Minority interest in private placement                      64,000                  --
                                                         -----------         -----------
        Net cash provided by financing activities             61,408             404,015
                                                         -----------         -----------

NET CHANGE IN CASH AND CASH EQUIVALENTS                        2,158            (122,585)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                   100             122,685
                                                         -----------         -----------

CASH AND CASH EQUIVALENTS AT END OF YEAR                 $     2,258         $       100
                                                         ===========         ===========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Interest paid                                          $    24,764         $    30,767
                                                         ===========         ===========
  Taxes paid                                             $        --         $        --
                                                         ===========         ===========
NON-CASH FINANCING AND INVESTING ACTIVITIES:
  Common stock issued for debt and services              $   971,072         $        --
                                                         ===========         ===========
  Equipment traded for debt                              $    12,078         $        --
                                                         ===========         ===========
</TABLE>
                   The Accompanying Notes are an Integral Part
                    of the Consolidated Financial Statements

                                      F-5
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                     NOTE 1
--------------------------------------------------------------------------------
                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
                   NATURE OF OPERATIONS AND USE OF ESTIMATES
--------------------------------------------------------------------------------

NATURE OF OPERATIONS

Global  Freight  Integrators,  Inc. (fka Energy River Corp.,  fka Regency Group,
Limited) (the "Company"),  is a Nevada  corporation  formed on February 1, 1999.
Management's intent for the business is to identify a potential operating entity
with which to merge with. The Company previously operated under the name Regency
Group,  Ltd.,  however,  in June,  2002, the Company  changed its name to Energy
River  Corp.  Both of  these  businesses  acted as  incubators  to  develop  new
companies and concepts.

In February,  2003 a new group of investors  obtained control of the Company and
changed the name to Global Freight  Integrators,  Inc., with the intent to merge
with an entity of the same name. However,  this did not occur and the Company is
currently seeking another operating candidate for merger.

USE OF ESTIMATES

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

PRINCIPLES OF CONSOLIDATION

The consolidated  financial  statements  include the accounts of the Company and
its  wholly-owned   subsidiaries.   All  material   intercompany   balances  and
transactions are eliminated in  consolidation.  As of June 30, 2002, the Company
had two wholly-owned  subsidiaries,  Regency Preferred Corporation and Advantage
Mobile  Media that were  inactive.  Subsequent  to the balance  sheet date,  the
Company decided to liquidate these subsidiaries.

PROPERTY AND EQUIPMENT

Property and equipment has been recorded at cost.  Depreciation was provided for
on the  straight-line  method  over the  estimated  useful  lives of the assets.
Maintenance and repairs that neither materially add to the value of the property
nor appreciably prolong its life are charged to expense as incurred. Betterments
or renewals are capitalized  when incurred.  Property and equipment are reviewed
each year to determine  whether any events or  circumstances  indicate  that the
carrying  amount of the  assets may not be  recoverable.  Such  review  includes
estimating  future cash flows.  Property and  equipment  costs are expensed when
determined  to be not  realizable.  For the years  ended June 30, 2002 and 2001,
depreciation  expense  was  $18,249  and  $24,486,   respectively.  The  Company
exchanged its equipment for the relief of debt.

INCOME TAXES

Deferred  income taxes are provided on an asset and  liability  method,  whereby
deferred tax assets are  recognized  for deductible  temporary  differences  and
operating loss and tax credit  carryforwards,  and deferred tax  liabilities are
recognized for taxable  temporary  differences.  Temporary  differences  are the
differences between the reported amounts of assets and liabilities and their tax
basis.  Deferred tax assets are reduced by a valuation  allowance  when,  in the
opinion of management,  there is uncertainty of the utilization of the operating
losses in future  periods.  Deferred tax assets and liabilities are adjusted for
the effects of changes in tax laws and rates on the date of enactment.

                                      F-6
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


                                     NOTE 1
--------------------------------------------------------------------------------
                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
             NATURE OF OPERATIONS AND USE OF ESTIMATES (CONTINUED)
--------------------------------------------------------------------------------

NET LOSS PER SHARE

Basic net loss per common  share is computed  based on weighted  average  shares
outstanding and excludes any potential dilution from stock options,  warrants or
other common stock equivalents. Basic net loss per share is computed by dividing
loss available to common  shareholders by the weighted  average number of common
shares  outstanding  for the period.  As the Company has a net loss available to
common  shareholders for all periods  presented,  the calculation of diluted net
loss per share has been excluded from the financial  statements.  As of June 30,
2002 there are 1,160,000 potentially dilutive securities.

FAIR VALUE OF FINANCIAL INSTRUMENTS

Accounts  payable,  notes payable from related parties,  and accrued payroll are
substantially  current  or bear  reasonable  interest  rates.  As a result,  the
carrying values of these financial instruments approximate fair value.

STOCK OPTIONS

The Company has elected to follow  Accounting  Principles  Board Opinion No. 25,
"Accounting   for  Stock  Issued  to   Employees"   (APB  25)  and  the  related
interpretations  in accounting  for its employee  stock  options.  Under APB 25,
because the  exercise  price of  employee  stock  options  equals or exceeds the
market  price of the  underlying  stock on the date of  grant,  no  compensation
expense is recorded.  The Company has adopted the disclosure-only  provisions of
Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based
Compensation."

INVESTMENTS

Investments in unconsolidated  subsidiaries in which the Company has less than a
20% interest are carried at the lower of cost or market. Market is determined by
management's best estimate.

                                     NOTE 2
--------------------------------------------------------------------------------
                                  INVESTMENTS
--------------------------------------------------------------------------------

As of June 30, 2002,  the Company held  approximately  an 11.6%  interest in the
common stock of AdZone Interactive,  Inc., or 1,821,984 shares. The value of the
investment  was written off during the year ended June 30, 2001.  Subsequent  to
June 30, 2002, the stock was distributed to a consultant for compensation.

As of June 30, 2002,  the Company held less than a one percent (1%)  interest in
the common stock of Future Carz,  Inc., or  approximately  350,000  shares.  The
value of the  investment  was written  off during the year ended June 30,  2002.
Subsequent  to June 30,  2002,  the stock was  distributed  to a lender  for the
settlement of debt.

                                      F-7
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


                                     NOTE 3
--------------------------------------------------------------------------------
                        NOTES PAYABLE - RELATED PARTIES
--------------------------------------------------------------------------------

As of June 30,  2002,  notes  payable - related  parties  are  comprised  of the
following:

     Non-interest bearing notes payable to various related
     parties, due on demand; unsecured.                                $ 21,000

     Less: current portion of notes payable to related parties          (21,000)
                                                                       --------
                                                                       $     --
                                                                       ========

                                     NOTE 4
--------------------------------------------------------------------------------
                                  INCOME TAXES
--------------------------------------------------------------------------------

As of June 30, 2002, deferred tax assets (liabilities) consist of the following:

     Net operating loss carryforwards                               $ 1,400,000

     Less: valuation allowance                                       (1,400,000)
                                                                    -----------
                                                                    $        --
                                                                    ===========

The Company has  established a valuation  allowance  equal to the full amount of
the net deferred tax asset  primarily  because of uncertainty in the utilization
of net operating loss carryforwards.  The valuation allowance increased $100,000
during the year ended June 30, 2002.

At June 30,  2002,  the  Company  has  federal  and  state  net  operating  loss
carryforwards in the approximate amount of $4,300,000 available to offset future
taxable income, expiring as follows:

                             Expiring Year Ended June 30,
        Net Loss             Federal               State
        --------             -------               -----

       $  300,000             2020                 2005
        3,700,000             2021                 2006
          300,000             2022                 2007
       ----------
       $4,300,000
       ==========

                                     NOTE 5
--------------------------------------------------------------------------------
                               STOCK OPTION PLAN
--------------------------------------------------------------------------------

Effective June 6, 2002, the Company's Board of Directors  formally  approved the
Company's  2002  Qualified  Stock Option  Plan,  (the Plan),  which  permits the
granting of options to purchase shares of the Company's common stock to eligible
employees.  The Plan authorized up to 2,500,000 shares to be issued to employees
and consultants of the Company.

                                      F-8
<PAGE>
                        GLOBAL FREIGHT INTEGRATORS, INC.
                          (FORMERLY ENERGY RIVER CORP.)
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


                                     NOTE 5
--------------------------------------------------------------------------------
                         STOCK OPTION PLAN (CONTINUED)
--------------------------------------------------------------------------------

Options  granted under the Plan must be exercised in whole or in part within ten
(10) years of the date of grant. Shares available for grant under the Plan as of
June 30, 2002 were 1,340,000.

The per share weighted  average fair value of stock options  granted during 2002
was $.00 on the date of grant using the Black Scholes  option-pricing model with
the following weighted average assumptions: expected dividend yield 0%, expected
volatility of .25%, an expected life of ten (10) years, and an exercise price of
$.20 per share. The risk-free interest rate was 3.75% for 2002.

The  Company  applies  APB  Opinion  No.  25 in  accounting  for its  Plan,  and
accordingly no  compensation  cost has been  recognized for the stock options to
employees in the financial statements.  Had the Company determined  compensation
cost based on the fair value at the grant date for its stock  options under SFAS
No. 123, the Company's net income and net loss and net loss per common share for
the year ended June 30, 2002 would have been  adjusted to the pro forma  amounts
indicated below:

                                                                         2002
                                                                      ---------
    Net loss                                                          $(294,432)
      As reported

      Add:    Stock-based employee compensation expense included in
              reported net income, net of related tax effects                --

      Deduct: Total stock-based employee compensation expense
              determined under fair value based method for all
              awards, net of related tax effects                             --
                                                                      ---------
    Pro forma net loss                                                $(294,432)
                                                                      =========
    Basic loss per share
       As reported                                                    $   (0.01)
                                                                      =========
       Pro forma                                                      $   (0.01)
                                                                      =========

A summary of the  aforementioned  stock plan for the year ended June 30, 2002 is
as follows:

                                      F-9
<PAGE>
                           GLOBAL FREIGHT INTEGRATORS
                          (FORMERLY ENERGY RIVER CORP.)
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                     NOTE 5
--------------------------------------------------------------------------------
                         STOCK OPTION PLAN (CONTINUED)
--------------------------------------------------------------------------------

                                              Weighted Average
                                                No. of Shares     Exercise Price
                                                -------------     --------------
Balance at inception of Plan, June 6, 2002               --            $  --
  Granted                                         1,160,000             0.20
  Forfeited                                              --               --
  Exercised                                              --               --
                                                  ---------            -----

Balance at June 30, 2002                          1,160,000            $0.20
                                                  =========            =====

Exercisable at end of year                        1,160,000            $0.20
                                                  =========            =====
Weighted average fair value of
 options granted during the year                       0.00
                                                  =========

Summary of stock options granted at June 30, 2002 is as follows:

<TABLE>
<CAPTION>
                    OPTIONS OUTSTANDING                          OPTIONS EXERCISABLE
------------------------------------------------    ---------------------------------------------
                                   Weighted                                          Weighted
                                    Average                                           Average
                                   Remaining                                         Remaining
Exercise      Outstanding         Contractual       Exercise     Exercisable        Contractual
 Price      at June 30, 2002     Life (In Years)     Price     at June 30, 2002   Life (In Years)
 -----      ----------------     ---------------     -----     ----------------   ---------------
<S>             <C>                   <C>            <C>           <C>                   <C>
 $0.20          1,160,000             10             $0.20         1,160,000             10
               ==========                                         ==========
</TABLE>
                                     NOTE 6
--------------------------------------------------------------------------------
                          COMMITMENTS AND CONTINGENCIES
--------------------------------------------------------------------------------

The  Company was the lessee of  telephone  equipment  with an  original  cost of
approximately  $21,400.  The Company has previously  acted to void the lease and
has  returned  the  equipment.  Based  upon  current  circumstances,  management
believes it has no continuing  obligation  under the lease and, as such,  has no
recorded liability outstanding as of June 30, 2002.

                                     NOTE 7
--------------------------------------------------------------------------------
                                 GOING CONCERN
--------------------------------------------------------------------------------

Through  June 30,  2002,  the  Company  had  sustained  significant  losses from
operations, deficit working capital of $65,359 and deficit equity of $4,347,821.
These conditions raise substantial doubt about the Company's ability to continue
as a going concern. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty.

                                     NOTE 8
--------------------------------------------------------------------------------
                               SUBSEQUENT EVENTS
--------------------------------------------------------------------------------

Subsequent to June 30, 2002, the Company approved a 1:100 reverse stock split.

                                      F-10