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 December 31, 2002          Commission File No. 0-26569

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

                 For the transition period from______to_________


                        INSPIRATION PRODUCTS GROUP, INC.
                              --------------------
                    (Exact name of registrant in its charter)

               (Formerly known as MIDWEST VENTURE HOLDINGS, INC.)
                ------------------------------------------------



          Nevada                                         88-0399260
--------------------------------             -----------------------------------
State or other jurisdiction of              (I.R.S. Employer Identification No.)
incorporation or organization)


  350 Michigan Avenue, Suite 410
  Kalamazoo, Michigan                                    49007-3800
-------------------------------                       ---------------
(Address of principal executive                          (Zip Code)
offices)


Registrant's telephone number, including area code:  (616) 349-3971


Securities registered under Section 12(b) of the Exchange Act: None Securities
registered under Section 12(g) of the Exchange Act:

                    Common Stock, $ 0.001 par value per share
                    -----------------------------------------
                                (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 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 the registrant's knowledge, in definite proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [ ]

Issuer's revenues for its most recent fiscal year. $ -0-

The aggregate market value of the voting Common Stock held by non-affiliates of
the Registrant as of December 31, 2002: $141,833 (post split).

As of December 31, 2002 the Registrant had 157,593 shares of Common Stock
outstanding.

<PAGE>


                                     PART 1


Note Regarding Forward-Looking Statements. This report includes "forward-looking
statements." Forward looking statements contained in this report are based on
our beliefs and assumptions and on information currently available to our
management. Forward-looking statements include statements in which words such as
"expect, " "anticipate," "intend," "plan," "believe," "estimate," "consider," or
similar expressions are used. You should not construe any forward-looking
statement as a guarantee of future performance. These predictions inherently
involve risks, uncertainties and assumptions. Our future results and stockholder
values will differ from those expressed in these forward-looking statements, and
those variations may be material and adverse. Many of the factors that will
affect these results and values are beyond our ability to control or predict. A
partial list of the factors that may cause our actual results to vary from our
expectations is set forth in the section entitled "Management's Discussion and
Analysis of Financial Condition and Results of Operations."


Item 1.  Description of Business

(a)      General Business Development
         ----------------------------
         History
         -------

     Inspiration Products Group, Inc., formerly know as Midwest Venture
Holdings, Inc. (formerly Saleoutlet.com, Inc., Gatlin Holdings, Inc. and Bio
Venture Holdings, Inc.; or the "Company"), was incorporated in Nevada on
September 1, 1995. The Company was formed specifically to seek viable businesses
or enterprises to acquire but had not located such a candidate. From inception
until March 1, 1999, the Company had no operations and conducted no business.

<PAGE>

     In March 1999, the then management of the Company successfully negotiated
with a small group of individuals who had many years of marketing experience and
were poised to introduce an Internet based consumer driven business. As a
result, former management resigned and a new Board of Directors and management
team was installed. The Company changed its name to Saleoutlet.Com, Inc. and in
May 1999 the Company launched its new Internet-based business.

     On July 1, 1999, the Company filed a Form 10-SB registration statement with
Securities and Exchange Commission ("SEC") which became effective in August
1999. Since such time, the Company has been subject to the reporting
requirements of the Securities Exchange Act of 1934.

     In late 2000, management of the company determined that the business was no
longer viable. This was a result of a combination of events; the fall of the
"dot com" industry and the lack of further financing. It was at that point the
company, in order to attempt to provide shareholders with greater equity
potential, entered into the business combination with Gatlin Holdings, Inc. of
Indiana. As a result a Share Exchange Agreement was entered into between the two
entities.

     Prior to the Share Exchange with Gatlin Holdings, Inc., a Indiana
corporation, a majority of the Shareholders of the Registrant voted, pursuant to
the recommendation of the Board of Directors, to complete a reverse split of the
Company's Common Stock. As a result, all shares held as of January 15, 2001 were
subject to a reversal. An Amendment to the Articles of Incorporation was filed,
whereby each six (6) shares held by Shareholders of record as of January 15,
2001 were exchanged for one (1) share of the Company's Common Stock.


     On January 17, 2001, the Registrant, then known as SaleOutlet.com, Inc.,
completed a Share Exchange with Gatlin Holdings, Inc., an Indiana corporation.
After the completion of the Share Exchange, the shareholders of the target
company, Gatlin Holding, Inc. (Indiana) exercised control of the Acquirer. As a
result of this Share Exchange, the Registrant anticipated that it would acquire
a significant amount of new assets, including real estate, liquor licenses and
fixtures and other improvements. The essential terms of the Share Exchange were
as follows:

<PAGE>

     A.   The Registrant will be the surviving corporation with the target
          initially being a subsidiary of the Registrant; and
     B.   The Target Shareholders (of Gatlin Holdings, Inc., an Indiana
          corporation) exchange one hundred percent (100%) of the issued and
          outstanding shares of Gatlin Holdings, Inc. (a Nevada corporation) for
          six million nine hundred seventy(6,970,000) shares of the Registrant
          on a pro rata basis; and
     C.   The target Gatlin Holdings, Inc., the Indiana corporation, was
          dissolved in Indiana; and
     D.   The Registrant assumed all assets and liabilities of the target; and
     E.   The Target Shareholders, after the completion of the transaction,
          controlled a majority of the voting shares of the Registrant; and
     F.   A new Board of Directors was elected as set forth herein; and
     G.   The name of the corporation of the Registrant, SaleOutlet.com, Inc.,
          was changed to Gatlin Holdings, Inc., a Nevada corporation.

     As of February 5, 2001, the Company traded on the NASD OTC:BB under the new
symbol of "GTHI."

     On March 20, 2002, the registrant completed the purchase of Hard to Treat
Diseases, Inc.("HTTD") through a share exchange with the only two shareholders
of HTTD. The share exchange qualified as tax free reorganization for HTTD
pursuant to IRC 368.

     HTTD's business is directed towards the testing and distribution of an
immunostimulant cancer treatment known as Tubercin (US Patent 6,274,356). The
company has a license agreement with the owner of the patent, Dr. Tai-Ho Chung,
MD.

     On May 9, 2002, the registrant received notice from HTTD and its previous
shareholders that, pursuant to the Agreement of Share Exchange, HTTD was
requesting a rescission of the transaction. Based upon the Agreement, the
transaction was rescinded and all shares were returned to the respective
parties.

<PAGE>

     On June 6, 2002, the Board of Directors recommended to the Shareholders,
and the shareholders adopted a resolution reversing the shares issued and
outstanding on a one (1) for thirty (30) basis and changing the company name to
Bio Venture Holdings, Inc. The Company filed with the Secretary of State of
Florida an amendment to its Articles of Incorporation reflecting the
recapitalization and name change. The trading symbol for the Company changed to
"BVHI".

     On August 14, 2002, the Board of Directors recommended to the Shareholders,
and the shareholders adopted a resolution changing the name of the Company to
Midwest Venture Holding, Inc. The Company filed with the Secretary of State of
Florida an amendment to its Articles of Incorporation reflecting the
recapitalization. The trading symbol for the Company changed to "MVHI".


(b)  Business of the Company

     During the Year 2002, the Registrant has not engaged actively in a business
or trade. It was the intention of the Registrant to be engaged in the management
of restaurants and other similar types of facilities in "college" environments.
The Registrant has attempted to acquire assets including real estate, liquor
licenses and other incidents to the operation of restaurants. However, because
of the present economic condition throughout the Country, it was unable to
secure adequate financing to complete these transactions. Therefore, the
Registrant has switched its efforts into the "acquisition" mode. During the Year
2002, the Registrant has been developing business relationships with various
entities throughout the Country. The Company did enter into various business
relationships, but because of conditions not controlled by management, all the
relationships entered into were terminated prior to there finalization. It is
anticipated that in Fiscal Year 2003 the Company will complete business
combinations with various entities throughout the United States (See "Subsequent
Events"). The Registrant is actively seeking business combination partners in
the healthcare industry, in the bio-tech industry, in the home building
industry, and in food service preparation and wholesale distribution. As of
December 31, 2002 the Company is not actively engaged in any trade or business.
The Company has no employees other than its President, Shane Jones who receives
no salary.

<PAGE>

Item 2. Properties.

     The Registrant does not currently own or lease any real property.

Item 3. Legal Proceedings


     Gatlin is also party to a number of legal matters arising in the ordinary
     course of its business. While the results of the above-mentioned claims or
     these other matters cannot be predicted with certainty, Gatlin believes
     that the final outcome of such litigation will not have a materially
     adverse effect on the Company's financial condition.

     On January 24, 2002, Gatlin settled litigation between Gatlin Holdings,
     Inc. and various shareholders by issuing 1,774,000 shares of stock to those
     shareholders.



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

     Two matters were submitted to votes of security holders in the year 2002.

     On June 6, 2002 the shareholders of the Registrant voted to reverse split
the total outstanding shares of the company in a one (1) for thirty (30) ratio
for shareholders of record as of June 10, 2002 and change the name of the
registrant to Bio Venture Holdings, Inc.

     On August 14, 2002 the shareholders of the Registrant voted to change the
name of the Company to Midwest Venture Holdings, Inc.


                                     Part II

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

     The Company's Common Stock is currently quoted on the NASD Electronic
Bulletin Board (OTC: BB) under the trading symbol "ISRP". The following table
sets forth the highest and lowest bid prices for the Common Stock for each
calendar quarter for the year 2002 as reported by the National Quotation Bureau,
and represent interdealer quotations, without retail markup, markdown or
commission and may not be reflective of actual transactions.

<PAGE>

                                        HIGH BID                  LOW BID
Fiscal 2002                             --------                  -------

           First Quarter                  1.25                       .57

           Second Quarter                  .57                       .32

           Third Quarter                   .32                       .22

           Fourth Quarter                  .22                       .03
-----------------------------
     The Company presently is authorized to issue 45,000,000 shares of Common
Stock and 5,000,000 Preferred Stock, of which 157,593 Common shares were
outstanding as of December 31, 2002.

Holders
--------

     There were approximately 96 holders of record of the Company's Common Stock
as of December 31, 2002.


Dividends
----------

     The Company has not declared or paid cash dividends on its Common Stock
since its inception and does not anticipate paying such dividends in the
foreseeable future. The Company plans to retain any future earnings for use in
the Company's business.

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

Results of Operations
----------------------

     Year Ended December 31, 2002 Compared to December 31, 2001.

     During the year ended December 31, 2002, the Company did not generate any
revenues. The Registrant completed a Regulation D, Rule 506 private placement of
convertible debentures to a private investor, which provided operating funds for
the year 2001. There were no revenues for the year 2002.

<PAGE>

     During the year, the company has been developing potential acquisitions
involving various business presently operating in the biotech area, home
construction and food services. The Company's future capital requirements will
depend on many factors, including the entrance into business combinations with
other going business' to increases growth of the Company.

Liquidity and Capital Resources
--------------------------------

     As of December 31, 2002 the Company's cash balance was $0.00, as compared
to $963.00 at December 31, 2001. The Company had a negative cash flow for the
year ended December 31, 2002.

     Impact of Inflation
     -------------------

     Although the Company has not attempted to calculate the effect of
inflation, management does not believe inflation has had or will have a material
effect on its results of operations.

Item 7. Financial Statements

     The financial statements of the Company required by Regulation S-B are
attached to this Report. Reference is made to Item 13 below for an index to the
financial statements and financial statements schedules.


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

     Management is not aware, and has not been advised by any predecessor
accountants, of any disagreement on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope and procedure.

                                    Part III

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


      (a) Identification of Directors and Executive Officers
          --------------------------------------------------

<PAGE>

     As of December 31, 2002, the directors and executive officers of the
Company, positions in the Company, the dates of their initial election or
appointment as director or executive officer, and the expiration of the terms as
directors are as follows:

           Period Served
Name                                Position
--------                           -----------

Wes VanDam                         President, CEO and Director
January 2001 to 9/28/02*

Shane Jones                        President and Director
9/28/01 to 12/31/02

Steven Burhoe                      Director
January 2001 to 12/31/02*

Richard Feastor                    Director
January 2001 to 12/31/02*

---------------------------------
     * The Company's directors are elected at the annual meeting of stockholders
and hold office until their successors are elected and qualified. The Company's
officers are appointed by the Board of Directors and serve at the pleasure of
the Board and subject to employment agreements, if any, approved and ratified by
the Board. On January 2, 2003, the registrant filed a 14(F)(1) form indicating a
change in control, naming new directors (See "Subsequent Events", below).


      (b) Family Relationships
          --------------------

               There are no family relationships between the directors,
          executive officers or any other person who may be selected as a
          director or executive officer of the Company.


Item 10. Executive Compensation

     During the year 2002, no executive compensation was paid.

<PAGE>

Compliance With Section 16(a) of the Exchange Act
--------------------------------------------------

     All reports required by Section 16(a) of the Exchange Act were not filed on
a timely basis by all directors, officers and beneficial owners of more than ten
percent (10%) of any class of equity securities of the Company registered
pursuant to Section 12 of the Act.

     No option grants were approved during the fiscal year 2002.

         Compensation of Directors
         --------------------------
For the year 2002, the Company paid compensation to its directors as follows:

Wes Van Dam -----2,857 shares*

Steve Burhoe-----95 shares*

Shane Jones------12,095 shares*

Jon Newby--------11,429 shares*

Adjusted for reverse two splits.


Item 11. Security Ownership of Certain Beneficial owners
         and Management

         (a)      Security Ownership of Certain Beneficial Owners
                  -----------------------------------------------

     The following table sets forth as of December 31, 2002 the ownership of
Common Stock by persons known to the Company to own beneficially more than 5% of
the outstanding shares of the Company's Common Stock:

  Name and
Address of Benificial        Office            Total Shares     Percent
Owner                                                          Ownership
---------------------------------------------------------------------------

Steve Burhoe                 Director          37,736 shares       23%
4514 Saddleworth Circle
Orlando, Florida  32826

Shane Jones                  Director          11,118 shares        7%
5418 Colony Woode Dr.
Kalamazoo, Michigan  49009

Jon Newby                                      11,488 shares        8%
2120 G. Vankal Ave.
Sattanaw, Michigan  49071

Edward Spade                                   21,428 shares       14%
20 N. Edgemont Avenue
Winter Springs, Florida  32708

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



     (c)  Changes in Control

     As of December 31, 2002 there was no arrangement which may result in a
change of control, except as disclosed in previous SEC filings and this Form
10-KSB.


Item 12. Certain Relationships and Related Transactions

     During the past two (2) years, the Company has not entered into a
transaction with a value in excess of $60,000 with a director, officer or
beneficial owner of 5% or more of the Company's Common Stock.


Item 13. Exhibits, Financial Statements and Reports on Form 8-K.


         (a) Documents filed as part of this Report:
             ---------------------------------------

     See Index to Financial Statements attached, which are included as an
integral part of this Report.

         (b) Reports on Form 8-K
             -------------------

          b(1)Filed April 9, 2002.

          b(2)Filed June 27, 2002.

          b(3)Filed December 30, 2002.

<PAGE>

         (c) Exhibits

          (3)(i)(a) Amended Articles of Incorporation

          (3)(i)(b) Amended Articles of Incorporation

          99.1 CEO Certification
          99.2 CFO Certification

                                    --------

Item 14. Subsequent Events.

     The Company in January 2002, entered into an agreement relating to a
transaction which resulted in the replacement of the majority of the Board of
Directors of the Company. The following is a brief summary of this transaction.

     The Company entered into an Agreement and Plan of Reorganization (the
"Reorganization Agreement"), which sets forth the terms and conditions of a
proposed business combination of the Company and Inspirations Product Group,
Inc., a California corporation ("IPG"). Pursuant to the Reorganization
Agreement, IPG will exchange one hundred (100%) percent of its issued and
outstanding shares for twenty five million (25,000,000) shares of the Company,
with the Company as the surviving corporation. IPG will, as a result, become a
wholly-owned subsidiary of the Company. It is currently anticipated that the
consummation of the Reorganization will occur ten (10) days after the date this
Information Statement is first mailed to the Company's stockholders.

     IPG was formed as a California corporation to manage the commercialization
of a private library owned by the Vatican. For the first time in history, the
Vatican has authorized a third-party organization to showcase, exhibit, and make
available for limited commercial use, the contents of the Biblioteca Apostolica
Vaticana ("BAV"), a private library of the Popes founded in 1451. The library is
physically comparable to six football fields in volume and holds one of the
great collections of art, manuscripts, sculpture, and historical documents that
exist in the Western world. Inspirations Product Group is the approved worldwide
representative of the organizations that holds the rights for the Vatican
Library, Vatican Treasury and Vatican Observatory. The Company has been formed
specifically to fully exploit these commercial opportunities on a global basis.
Inspirations Product Group has entered into a business agreement with the
Vatican's exclusive third-party licensing representative that calls for the
Company to exclusively develop various Vatican "at retail" programs worldwide. A
multi-platform business plan has been developed to maximize the potential of the
Company's exclusively licensed Vatican rights. This plan includes business
development in the following areas: the Vatican Library Collection Church Kiosk
Program; Vatican Product Displays in U.S. Shrines; Church & Shrine Program
Product Fulfillment and the Direct Marketing of Targeted Vatican Branded
Products.

<PAGE>

                    PRESENT DIRECTORS AND EXECUTIVE OFFICERS

     The following table sets forth as of April 14, 2003 the current officers
and directors of the Registrant. the Reorganization Agreement (the "Director
Nominees").


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


Name                        Number of Shares            Percent
----                        ----------------            -------
Jon P. Taffer
Board Member                   14,500,000                 57%


Chip Corporation (1)            8,750,000                 34%


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


All executive officers and     23,250,000                  91%
directors of the Company as
a group (two persons)


(1) Jeppe L. Hansen is the CEO of Chip Corporation. No officer or director or
controlling person of Chip Corporation is affiliated with the registrant.

                    PRESENT DIRECTORS, AND EXECUTIVE OFFICERS

Jon P. Taffer:

     Mr. Taffer, the Company's CEO, has enjoyed a twenty-six year career owning
various businesses with a focus on high-volume restaurants, nightclubs, hotels,
sports arenas, live entertainment venues, retail and other hospitality
properties. He has won his industry's "Operator of the Year" award twice (1995 &
1997) and an illustrious "Property of the Year" award. Mr. Taffer is the only
recipient of a lifetime achievement award from his peers in 1999 entitled the,
"Visionary Leadership Award".

<PAGE>

     In addition to his hospitality career, Mr. Taffer has participated in the
successful development of numerous other businesses including the launch of a
satellite pay-per-view movie service, a publishing company and resort
development. Mr. Taffer is known as the inventor of the NFL's Sunday Ticket pay
programming package. Because of his important work in Sunday Ticket's design,
marketing, distribution and sales programs, he was nominated to the Board of NFL
Enterprises where he served for three years. Mr. Taffer currently serves on
seven Boards (one not-for-profit).

     Mr. Taffer has been a business consultant for over 15 years and has
provided sustained, long-term, multi-unit and corporate consulting to Hyatt
Hotels, The Marriott Corporation, Sheraton Hotels Worldwide, Prudential Asset
Management, HFC Commercial Asset Management Services, Holiday Inns Worldwide,
The Belz Group and many others.

     Mr. Taffer has participated in several marketing and branding committees
for Hyatt Hotels, Hyatt International and The Marriott Corporation. His brand
building experiences will be of great value to the Company.

Mr. Donald Bredberg:

     Donald Bredberg is the CEO of Adventure Studios Inc., a Burbank based
studio that provides concept development, design, project management, media
development, entertainment content distribution and other services to the
out-of-home entertainment industry. Adventure Studios clients include Universal
Studios, CityWalk Osaka, NASCAR, The Rouse Company and others. Mr. Bredberg,
prior to founding Adventure Studios, was the Senior Vice President of Recreation
for Universal Studios managing their international entertainment real estate
portfolio. He also was deeply involved and managed Universal Studios' Asian
merchandise and product development program.


     Prior to Universal Studios, Mr. Bredberg was the U.S. asset manager for the
Sheik of Saudi Arabia. In that position, Mr. Bredberg managed the Sheik's U.S.
holding company that included several Ritz Carlton Hotels, Shopping Centers and
other assets.

Mr. Bredberg brings important experiences to the Company including extensive
asset and financial management and product development experience. Mr. Bredberg
will not be involved in the day to day operating of the Company. He will be
working with Mr. Taffer with a focus on the ongoing development and evaluation
of the Company's business strategies and financial planning.

<PAGE>

                                   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.

                                  Inspiration Products Group, Inc.


Date:  April 15, 2003                   By: /s/  Jon P. Taffer
                                           -----------------------
                                                 Jon P. Taffer
                                                 President/ CEO