FORM 10-KSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

[X]  ANNUAL  REPORT
          PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934

                        Commission File Number: 000-26249

                      for the year ended December 31, 2001

                              Dated: April 15, 2002

                          WEBSERVICES INNOVATIONS, LTD.

Nevada                                                                33-0507843
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)

31878  Del  Obispo  Suite  118-606,  San  Juan  Capistrano  CA             92675
(Address of principal executive offices)                              (Zip Code)

Registrant's  telephone  number,  including  area  code:         (949)  366-2674

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

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

formerly  Snohomish  Equity  Corporation
219  Broadway,  Suite  261,  Laguna  Beach  CA  92651

As  of  12/31/01  and  4/15/02

the  number of shares outstanding of the Registrant's Common Stock was 7,056,121

the  number  of  shares  held  by  non-affiliates  was  approximately  1,393,057

the aggregate market value of shares held by non-affiliates was approximately $0
based  on  the  lack  of  any  trading  market.


Yes[x]   No[]  (Indicate  by check mark whether the Registrant (1) has filed all
reports  required  to be filed by Section 13 or 15(d) of the Securities Exchange
Act  of 1934 during the preceding 12 months (or for such shorter period that the
Registrant  was  required to file such reports) and (2) has been subject to such
filing  requirements  for  the  past  90  days.)

[]  (Indicate by check mark whether if disclosure of delinquent filers (229.405)
is  not  and will not to the best of Registrant's knowledge be contained herein,
in  definitive  proxy or information statements incorporated herein by reference
or  any  amendment  hereto.)

Transitional  Small  Business  Disclosure  Format  (check one): yes [ ]   no [X]

                                               Exhibit Index is found on page 11

                                        1
<PAGE>

                                     PART I


                        ITEM 1.  DESCRIPTION OF BUSINESS.


(A)  HISTORICAL INFORMATION. We were first organized under the laws of the State
of  Texas  on  April 8, 1992, as Snohomish Equity Group, Inc. for the purpose of
seeking  out  one  or  more  potential  business  ventures,  without  regard  to
geographical  considerations,  which  venture  or  ventures,  in the judgment of
management,  warrant  interest and involvement of our Company. On or about April
27,  1992, we made our initial issuance of 2,000,000 shares of common stock to a
single  founders'  group  of  six related founders, for cash. We made no further
issuances  until after our revival in 1999, and the total issued and outstanding
shares of common stock stood at 2,000,000 shares. During the period from 1992 to
1995,  the  various  Founders  made private gifts of stock to family members and
friends,  totaling 108,108 shares. On or about April 29, 1992, we incorporated a
wholly-owned  subsidiary,  Snohomish  Capital  Corporation,  and  the  former
subsidiary  corporation  expired  without action, pursuant to the laws of Texas.
The shares of our common stock have never traded, over the counter or otherwise.
Our  predecessor  remained  dormant  and inactive from 1993 to 1999. About early
1997,  the founder's control block of 1,891,892 shares, was acquired by Intrepid
International  S.A.,  a  Panama  Corporation,  holding  as  nominee for Intrepid
International,  Ltd.  a  Nevada Corporation. As of that time, there were 107,108
shares issued and outstanding to persons who were and are (with some exceptions)
non-affiliate  shareholders.  We  were  formally reorganized and our Articles of
Incorporation re-stated in the State of Nevada on December 8, 1998, as Snohomish
Equity  Corporation,  for  the  purpose  of  seeking  out  one or more potential
business  ventures, without regard to geographical considerations, which venture
or  ventures, in the judgment of management, warrant interest and involvement of
the  Company.  On  or  about  January  1,  1998 we authorized the Issuance of an
additional  10,000  shares  to  the  present  officers, pursuant to '4(2) of the
Securities Act of 1933. As a result, the total shares of common stock issued and
outstanding  was  2,010,000  shares.

     On  our  about  August  15,  2000,  we  issued 1,550,500 shares pursuant to
Registration  under  section 5 of the Securities Act of 1933, to six individuals
for  legal  and professional services and reimbursement for advances made on our
behalf. On or about July 2001, Intrepid International, Ltd. a Nevada Corporation
began  the  winding  up of its affairs. In due course, Jeffrey A. Harry and Jena
Minnick-Harry,  she  having been former office manager of Intrepid, accepted the
former  Intrepid  ownership and control of this reporting corporation in lieu of
other  consideration  from  the  Intrepid  entities.

     We  effected  a one for thirty (1:30) reverse split of the 3,560,500 shares
of common stock; provided that no shareholder be reversed below 100 shares; with
the  indicated  result that 125,001 shares (subject to possible minor adjustment
for  fractional  shares)  are  issued and outstanding. The Effective Date of the
forward  split  was September 28, 2001 to shareholders of record as of September
27,  2001  ("Record  Date").  On  September  30,  2001,  the  following Majority
Shareholder  Action  was  taken pursuant to the Nevada Corporate Law, to approve
the  following  proposals:

PROPOSAL  1:  To  acquire  all  of the issued and outstanding shares or stock of
WebServices  Innovations,  Inc.  (WEB), as a wholly owned subsidiary in exchange
for the issuance of 6,931,120 new investment shares of our common stock, subject
to  satisfaction  of  the  terms  and  conditions  set  forth  in  the  Plan  of
Reorganization  and  Acquisition.

PROPOSAL  2:  To change our corporate name to Webservice Innovations, Ltd., or a
substantially  similar  name

                                        2
<PAGE>

PROPOSAL  3:  Increase  the  authorized  capital,  to  100,000,000  (one hundred
million)  shares  of  common  stock.

PROPOSAL  4: To ratify the appointment and continuation of Chisholm & Associates
as  our  auditors

     Holders  of  approximately  80% of our common stock have executed a written
consent  in  favor of the proposals described herein. However, under federal law
these  proposals  were  not  finally and definitively effected until at least 20
days  after  the  filing  and  mailing  of the Information Statement pursuant to
Section  14(c)  of  the  Securities  Exchange  Act of 1934 (on about November 5,
2001).

      WebServices Innovations, Inc. ("WEB") is a private Nevada corporation duly
organized, validly existing, and in good standing under the laws of the State of
Nevada.  WEB  was  incorporated  in  the  state  of  Nevada  on  May 19, 1999 as
Webmaster.com,  Inc.  Upon  discovery  of  a  corporate name conflict WEB's name
changed  to  its  present  name.  There  was  not  a change of control of either
corporation,  or  of  the  business of either corporation, or of the officers or
directors  of  either  corporation.  Both  corporations  were  80% controlled by
Jeffrey  A.  Harry  and  Jena  Minnick-Harry,  immediately  before and after the
acquisition.

 (B)  BUSINESS.  We  have  refined  our  business  plan to become a full-service
provider  of  corporate  identity and branding. We would create a complete style
guide  consisting  of  color  palates,  type  faces,  and  materials  to be used
throughout  all  the  services  and mediums offered. Each customized style guide
will have detailed information for logo parameters used for various mediums. Our
services/products  include  Web  Communication,  Print Collateral, CD Authoring,
Interactive  Multi-media Presentations and Environmental Graphic Design. We will
also  provide  specialized  services  for  corporate event presentations such as
annual  shareholders  meetings.  We  will  work  with each client to serve their
communication  needs.

     We  will  carry the corporate identity through all the services/products we
offer.  Our  products  will  consist  of  a range of mediums including websites,
brochures,  CD  Roms,  DVDs,  e-mail,  and video conferencing. Our services will
include  the  following:

     Web  Communication  - Highly functional navigation of homepages featuring a
simple  navigation  concept  that  belies  the  high-end  webdesign tools in its
creation.  Motion  graphics  such  as  GIF89a  animations,  RealAudio Frames and
Javascript  Rollovers  are  used  throughout  each  website  using  Dreamweaver,
Shockwave  and  Flash.

     Print  Collateral  - Corporate logo, stationary, business cards, brochures,
mailers,  banners,  billboards,  and  overall  branding  primarily  using  Adobe
Software  and  QuarkXpress.

     CD  Authoring  -  utilizing  motion  graphics, still graphics and streaming
video  for  communication  and  promotional  use.

     Interactive  Multi-media  Presentations  -  using  such  programs as Flash,
Director,  Adobe After  Effects to manipulate motion graphics and visual effects
in  order  to  deliver  a  presentation  tailored  to  each  client's needs. And
condensed  presentations  for  teasers  via  e-mail  linked  on  website.

     Environmental  Graphic Design - Expanding the corporate identity to signage
and  interior  spaces.  This  could  range  from  decor to directories. We would
continue  the  use  of  the style guide through interior and exterior colors and
materials.

     With  each  client  we will provide design consultation, art direction, and
creative  briefings  throughout  the  process  which would includes storyboards,
outlines,  scripts,  concepts,  etc.

                                        3
<PAGE>

     Our  target  market  will consist of newly trading public corporations that
are  having  to  redesign  or  create  a corporate identity to reach an expanded
audience  of investors worldwide.  Target demographics consist of companies with
less  than  100  shareholders. The average client will be a fairly young company
submitting to trade or newly trading companies.  Average clients will have 10 or
more  employees  and  an  annual  revenue  of  over  $10  million.

     We  will  obtain  clients by contacting recent trading companies on various
exchanges.  We  will  promote  our  business through personal selling. Potential
clients  will receive a multi-media presentation via e-mail or CD rom which will
display  our  companies  services  and  direct  them  to  our  website  for more
information.  This  advertising  method is the most beneficial by enabling us to
actually demonstrate our products and services. Another avenue of promotion will
be  through  strategic  alliances  with investor relations firms.  The alliances
will be based on receiving word of mouth referrals in exchange for complimentary
products for their firms. The degree of complimentary products and services will
vary  upon  the  number  of  clients  obtained  through  their  referrals.

      (1)  COMPETITIVE  BUSINESS  CONDITIONS  AND  THE  SMALL  BUSINESS ISSUER'S
COMPETITIVE  POSITION  IN  THE  INDUSTRY. The multi-media corporate identity and
branding  industry is one of the most evolving industries in the world making it
difficult  to keep up with the changes. Many well-established companies and many
new  ventures  are  in or entering this dynamic field. There can be no assurance
that  we  can compete effectively, or that other technologies or approaches will
not  arise  that  obviate  our concept. We are a development company and have no
current  market  position.

      (2)  ESTIMATE  OF AMOUNT SPENT ON RESEARCH AND DEVELOPMENT IN EACH OF LAST
TWO  YEARS.  None.

      (3)  COSTS  AND  EFFECTS  OF  COMPLIANCE  WITH  ENVIRONMENTAL  LAWS.  Not
Applicable

      (4)  NUMBER  OF  TOTAL  EMPLOYEES  AND  FULL-TIME  EMPLOYEES.  We have two
Officers  that devote their time to the development of the company. Jena Minnick
Harry  and Jennifer Stone are now our officers and directors. Please see Part II
of  this  Report  for  more  information.

      (5)  EXPECTED  SIGNIFICANT CHANGE IN THE NUMBER OF EMPLOYEES. None at this
time.  Current  conditions  being  as  they  are,  we  would  not  expect to add
additional  employees  before  the  second  quarter  of  2002.

      (6)  SUMMARY  OF  PRODUCT  RESEARCH  AND  DEVELOPMENT.  None.

      (7)  EXPECTED PURCHASE OR SALE OF PLANT AND SIGNIFICANT EQUIPMENT. None at
this  time. Current conditions being as they are, we would not expect to acquire
significant  equipment  before  the  second  quarter  of  2002.

      (8)  DEPENDANCE ON ONE OR A FEW MAJOR CUSTOMERS. Initially we would expect
this  to  be  the  case.

      (9)  PATENTS,  TRADEMARKS,  LICENSES,  FRANCHISES,  CONCESSIONS,  ROYALTY
AGREEMENTS  OR  LABOR  CONTRACTS.  None.

      (10)  GOVERNMENT  FOR  ANY  GOVERNMENT  APPROVAL  OF PRINCIPAL PRODUCTS OR
SERVICES  AND  STATUS.  Not  applicable

      (11)  EFFECT  OF  EXISTING  OR  PROBABLE  GOVERNMENTAL  REGULATIONS ON THE
BUSINESS.  Not  applicable.

      (12)  ESTIMATE OF AMOUNT SPENT ON RESEARCH AND DEVELOPMENT IN EACH OF LAST
TWO  YEARS.  None.

      (13)  COSTS  AND  EFFECTS  OF  COMPLIANCE  WITH  ENVIRONMENTAL LAWS. None.

      (14)  NUMBER OF TOTAL EMPLOYEES AND FULL-TIME EMPLOYEES. None. We have two
officers  not  classified  as  statutory  employees.

                                        4
<PAGE>

     (15)  PLANNED ACQUISITIONS. There are no planned acquisitions at this time.

     (16)  YEAR  2000/2001 COMPLIANCE ISSUES.  None. The issuer has no computers
or  digital  equipment  of  its own, no suppliers or customers. Accordingly, the
issuer  has determined that it is faced with no year 2000/2001 compliance issues
other  than  those  shared  by  the  public  in  general.


(C)  FINANCING  PLANS.  For  more  information,  please  see  Item 6 of Part II,
Management's  Discussion  and  Analysis.

(D)  EMPLOYEES.
     This  Company  is  required  to  rely on Management's skill, experience and
judgment,  both  in  regard to extreme selectivity, and in any final decision to
pursue  any  particular  business  venture,  as well as the form of any business
combination,  should  agreement  be reached at some point to acquire or combine.
Management  is in turn reliant upon the experience of its principal shareholder.
For further information about the plans of this company, and about its principal
shareholder, please see Item 2 of this Part, Managements Discussion and Analysis
or  Plan  of  Operation, and also Item 7 of this Part, Certain Relationships and
Related  Transactions.


                        ITEM 2.  DESCRIPTION OF PROPERTY.

     We  have  no property and enjoy the non-exclusive incidental use of offices
and  telephone  of  our officers during the year 2001. During 2001 officers have
made  use  of  their  personal  computers,  not  owned  by  the  corporation.


                           ITEM 3.  LEGAL PROCEEDINGS.

     There  are  no  legal  proceedings  pending  against our Company, as of the
preparation  of  this  Report.


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

     None  during  the last quarter this fiscal year. Please see Item 1, Part I,
for  actions  of  September  30,  2001.


                                     PART II


           ITEM 5.  MARKET FOR COMMON EQUITY AND STOCKHOLDER MATTERS.


(A)  MARKET INFORMATION. The Company, has one class of securities, Common Voting
Equity Shares (Common Stock). The Company's Securities have never been quoted in
the  over-the-counter  market,  or  elsewhere.

(B) HOLDERS. Management calculates that the approximate number of holders of the
Company's  Common  Stock,  as  of  December  31,  2001,  was  122.

(C)  DIVIDENDS.  No  cash  dividends have been paid by the Company on its Common
Stock  and  no  such  payment  is  anticipated  in  the  foreseeable  future.

(D)  SALES  OF  UNREGISTERED  COMMON  STOCK  2000-2001.  None.

                                        5
<PAGE>

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

 (A)  PLAN  OF  OPERATION FOR THE NEXT TWELVE MONTHS. We have had no activity in
2001  except for our Registration of our common stock, pursuant to section 12(g)
of  the  Securities  Exchange Act of 1934. We have a new and different business,
since  September  30,  2001.  We  have  refined  our  business  plan to become a
full-service  provider  of  corporate  identity  and branding. We would create a
complete  style  guide consisting of color palates, type faces, and materials to
be  used  throughout all the services and mediums offered. Each customized style
guide  will  have  detailed  information  for  logo  parameters used for various
mediums.  Our  services/products include Web Communication, Print Collateral, CD
Authoring,  Interactive  Multi-media  Presentations  and  Environmental  Graphic
Design.  We  will  also  provide  specialized  services  for  corporate  event
presentations  such  as  annual  shareholders  meetings.  We will work with each
client to serve their communication needs. During the next twelve months we will
engage  in  building  our  customer  base.

     (1)  CASH  REQUIREMENTS AND OF NEED FOR ADDITIONAL FUNDS, TWELVE MONTHS. We
have  no  need  of  additional funds during the next twelve months, from sources
outside  of  our principals, to maintain our corporate franchise in the State of
our incorporation, and to file periodic reports as required of Registrants under
the  1934  Act.  We  expect  our needs for cash to be ameliorated by operational
revenues,  during  the  next  twelve  months.

     (2)  SUMMARY  OF  PRODUCT  RESEARCH  AND  DEVELOPMENT.  None.

     (3)  EXPECTED  PURCHASE  OR  SALE  OF  PLANT  AND SIGNIFICANT EQUIPMENT. We
presently  make  use  of  personal  computers  owned by our principals. We would
expect  to  purchase  better  corporate  computers  as  we  are  able.

     (4) EXPECTED SIGNIFICANT CHANGE IN THE NUMBER OF EMPLOYEES. Our present two
principals  do  not  envision  more  employees,  during  the next twelve months.


 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  have  had no activity in 2001 except for our acquisition of WEB, and minimal
first  revenues.  We  had  general and administrative expenses in 2000 and 2001,
which were legal and accounting costs, in connection with our 1934 Registration,
and  subsequent  reporting,  and  acquisition.  Our  financial  condition  is
substantially unchanged since our last annual report, although the consolidation
of  our  financial  statements after acquisition results in differences from our
previous  reporting.

             The Remainder of this Page is Intentionally left Blank

                                        6
<PAGE>

Balance Sheet:                                   December 31
Selected Information                                 2001

Cash  and  Equivalents                             $       34
Current Assets                                             34
Total Assets                                               34
                                                   ===========
Accounts Payable                                       55,350
                                                   ===========
AP-Related Party                                        6,273
Total Liabilities                                      61,623

Common  Stock                                           7,056

Paid-in Capital                                       112,543
Accumulated Deficit                                  (181,188)
Total Equity                                          (61,589)
Total Liabilities and Equity                               34


                                                                     Deficit
                               For the Years     For the Years     Accumulated
                                   ended             ended          during the
Operations                      December  31     December  31      Development
Selected  Information               2001             2000             Stage

Revenues:                            $2,600               $0           $2,600

Total Revenues                        2,600                0            2,600
(General & Administrative)          (70,101)         (12,640)        (183,788)
Total Expenses                      (70,101)         (12,640)        (183,788)
Net (Loss)                          (67,501)         (12,640)        (181,188)


                         ITEM 7.  FINANCIAL STATEMENTS.

     The  Audit  Committee  of this Corporation for this fiscal year consists of
the  our Board of Directors. Management is responsible for our internal controls
and  the  financial  reporting process. Our independent auditors are responsible
for  performing  an  independent audit of our financial statements in accordance
with  generally accepted accounting standards  and to issue a report thereon. It
is  the  responsibility  of  our Board of Directors to monitor and oversee these
processes.  In  this  context  the  Committee  has met and held discussions with
management  and  the  independent  accountants.  Management  recommended  to the
Committee  that  our  financial  statements  were  prepared  in  accordance with
generally  accepted  accounting  principles,  and the Committee has reviewed and
discussed  the  financial  statements  with  Management  and  such  independent
accountants, matters required to be discussed by Statement on Auditing Standards
No.  61  (Communication with Audit Committees). Our independent accountants also
provided to the Committee the written disclosures required by Independence Board

                                        7
<PAGE>

Standard  No.  1  (Independence  Discussions  with  Audit  Committees),  and the
Committee  discussed  with the independent accountants that firm's independence.

     Based  upon  the Committee's discussions, and review, of the foregoing, the
Committee recommended that our audited financial statements in our Annual Report
on  Form  10-KSB for the year ended December 31, 2001 be included and filed with
the  Securities  and  Exchange  Commission.

     AUDITED FINANCIAL STATEMENTS for the years ended December 31, 2001 and 2000
are  attached  as  Exhibit FK-01, filed herewith are incorporated herein by this
reference  as  though fully set forth herein. Our Balance Sheet and Statement of
Operations  are  reproduced  in  the  preceding  Item  6, and discussed therein.


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

     None.

                                    PART III


    ITEM 9.  DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS.

     The following persons are the Directors of Registrant, to serve until their
successors  might  be  elected  or  appointed.  The  time of the next meeting of
shareholders has not been determined and is not likely to take place until after
the  end  of  the  fiscal  year,  2002.

     On or about February 12, 2002, we announced on form 8-K: "Jeffrey A. Harry,
one  of  our two former officer/directors has retired from all corporate office.
Jena  Minnick  Harry  remains  on  the  Board,  and  continues  to  serve  as
Secretary-Treasurer  of  our  corporation.  Jennifer Stone has been appointed to
serve  as  our second Director, and to become our President, both to serve until
the  next  meeting  of  shareholders."

     JENNIFER  STONE,  age  26,  is  current  President  and  Director  of  the
Registrant.  Ms.  Stone  received  her Bachelor of Fine Arts from Rocky Mountain
College of Art & Design in April 2000, where she pursued her interest in design.
While  attending  school  she  worked for three years for Re/Max Southeast as an
associate  graphic  designer. She then commenced her apprenticeship with Factory
Design  Labs (April 1998-January 1999). She was a freelance designer for various
clients from June of 1999 to the present. From June 2000 through March 2001, she
held the position of Junior Art Director of Impiric/Young & Rubicam. In February
2001,  she formed her own art direction and design firm, Jen Stone & Associates,
which firm continues to the present. She brings to us skills in Adobe Photoshop,
Adobe  Illustrator,  QuarkXpress,  Microsoft  Office,  Dreamweaver, Director and
Flash.  Her  clients  have included Sony, Taco Bell, Lincoln-Mercury, El Torito,
among  others  less  well  known.

     JENA  MINNICK-HARRY,  age  25,  is  Secretary/Treasurer and Director of the
Registrant. Ms. Minnick-Harry has a Bachelors Degree in Marketing from Johnson &
Wales  University,  RI.  She  was  the  Operations and Production Manager for an
independent film company, Oasis Entertainment Corp. from 1997 to 2000. She acted
as  the  Production  Manager  and/or  Coordinator,  responsible  for  the
administrative  and  operations  of  production,  for  five  feature  films, one
documentary,  and  four  infomercials. From 1999 to fall 2001, Ms. Minnick-Harry
provided  consulting  services  through  Intrepid  International  to  start-up
companies publicly traded or soon to become publicly traded.  Prior to 1998, her
business  experience  included  Sales  and  Marketing,  Wyndham  Hotels; Medical
Equipment  Manufacturer  Marketing,  Catering Sales and Operations, and  Graphic
Design.  As  Secretary/Treasurer of the Registrant she will manage the company's
corporate  responsibilities,  supervise marketing activities, and be responsible
for  controlling  the  payables  and  receivables.

                                        8
<PAGE>

     JEFFREY  A. HARRY, age 28, is our the former president and Director, having
resigned  from  office  on  February 5, 2002. Mr. Harry is a Microsoft Certified
Systems  Engineer  (MSCE),  a  highly  specialized  training  in  windows  based
networks.  His education also includes training in Novell and MS-Dos software as
well  as  hardware  components  and computer network assembly. His training also
includes  extensive  knowledge  of  software  such  as  Windows NT, Windows 3.x,
Windows  95,  MS-Office,  WordPerfect/Corel,  Anti-Virus, Netware, Internet, and
MS-Mail.  Mr.  Harry continues to augment his knowledge of technology changes in
hardware  and  software  to  remain  competitive in the industry. His background
experience  consists  of  over  7  years  of  computer  hardware  and  software
management.  From 1995 to June of 1997 he was the Manager of Information Systems
for  a  leading New England engineering firm, Environmental Science Services. He
managed  the  hardware,  and  software  installations  for  150 workstations and
supervised  an  interstate  linked  network for the offices in Massachusetts and
Rhode Island. From June 1997 to February 1998 he continued to provide consulting
services  on  a  free-lance  basis  while obtaining his MSCE certification. From
February  1998  to  present  he  has  been  a  small  business  computer network
consultant,  specializing  in  network  optimization and integration of multiple
software  and  hardware  platforms.


                        ITEM 10.  EXECUTIVE COMPENSATION.

<TABLE>
<CAPTION>
<S>                  <C>          <C>        <C>         <C>         <C>       <C>      <C>      <C>
                                                                        Long Term Compensation
                                                                   |-----------------------------|
                                       Annual Compensation         |        Awards      | Payouts|
                              |------------------------------------------------------------------|
a . . . . . . . . .  b        |       c            d          e    |     f        g     |   h    |   i    |
----------------------------------------------------------------------------------------------------------|
Name. . . . . . . .                                                          Securities
And . . . . . . . .                                          Other    Restric-   Under-          All Other|
Principal . . . .                                         .  Annual     Ted     Lying             Compen- |
Position. . . . . .                                          Compen-   Stock   Options    LTIP     Sation |
                                    Salary       Bonus     Sation ($)  Awards  SARs (#)  Payouts     ($)  |
                         Year         ($)         ($)                   ($)               ($)             |
----------------------------------------------------------------------------------------------------------|
Jennifer Stone President   2001        0           0            0        0         0       0          0   |
                           2000        0           0            0        0         0       0          0   |
                           1999        0           0            0        0         0       0          0   |
Jena                                                                                                      |
Minnick-Harry                                                                                             |
Secretary/ Treasurer       2001        0           0            0        0         0       0          0   |
                           2000        0           0            0     1125         0       0          0   |
                           1999        0           0            0        0         0       0          0   |
Jeffrey  A.  Harry                                                                                        |
       former president    2001        0           0            0        0         0       0          0   |
                           2000        0           0            0        0         0       0          0   |
                           1999        0           0            0        0         0       0          0   |
</TABLE>

NOTES  TO  TABLE:  No  compensation,  or  plan  of  compensation, has been made,
authorized  or  contemplated  at  the present time and for the present period of
corporate  inactivity  and  ill-liquidity.  In  2000,  Ms  Minnick-Harry  was
compensated  in  common  stock,  registered  on  form  S-8.

--------------------------------------------------------------------------------
Service Provider   Service Hours   Hour Rate   Amount $ Indicated   Shares @0.01
--------------------------------------------------------------------------------
Jena Minnick-Harry       9.00         125            1125.00          112,500  |
--------------------------------------------------------------------------------

                                        9
<PAGE>

    ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     To  the  best of Registrant's knowledge and belief the following disclosure
presents  the total beneficial security ownership of all Directors and Nominees,
naming  them, and by all Officers and Directors as a group, without naming them,
and  the  total security ownership of all persons, entities and groups, known to
or discoverable by Registrant, to be the beneficial owner or owners of more than
five  percent  of  any  voting  class  of  Registrant's  stock.


 Beneficial Owners (more than 5%)
Common Stock Shareholder                                # Shares           %
JENNIFER  STONE  (1)  President
31878  Del  Obispo  Suite  118-606
San Juan Capistrano CA 92675                              63,064        0.89
JENA  MINNICK-HARRY  (1)  Secretary/
31878  Del  Obispo  Suite  118-606  Treasurer
San  Juan  Capistrano  CA  92675                       5,600,000       79.36
All Officers and Directors as a Group                  5,663,064       80.26
JEFF  HARRY  (1)
31878  Del  Obispo,  Suite  118-606
San  Juan  Capistrano  CA  92675                               0        0.00
Reference  Only:
Total  Shares  Issued  and  Outstanding                7,056,121      100.00
============================================================================

(1)  As  of 12/31/01 the shareholder list shows Mr. Jeff Harry owning 5,631,532,
Ms.  Jena  Minnick-Harry  owning  31,532, and no shares owned by Ms. Stone. This
was  the  result  of  the  pooling of ownership of the former Snohomish with Web
Services.  Mr.  Harry  has disclaimed beneficial ownership in favor of his wife,
and  Mrs.  Minnick-Harry  has  agreed  to  transfer  63,064 shares to Ms. Stone.
Accordingly,  the foregoing table provides current beneficial ownership, and not
record  ownerships  on  12/31/01.

     CHANGES  IN  CONTROL.  There  are  no  arrangements  known  to  Registrant,
including any pledge by any persons, of securities of Registrant, which may at a
subsequent  date  result  in  a  change  of  control  of  the  Issuer.


            ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     The  relationships  by  which  Mr.  Jeff  Harry  and Ms. Jena Minnick-Harry
acquired  control  of  the former Snohomish Equity Corporation, and that between
Snohomish  and  the  former  Web Services (private) have been fully disclosed in
Item  1  of  Part  I, and in our Information Statement filed pursuant to Section
14(c)  of  the  1934  Securities  Exchange  Act.


   ITEM 13.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.

 (A)  FINANCIAL  STATEMENTS.  AUDITED  FINANCIAL STATEMENTS: for the years ended
December  31,  2001  and  2000,  are provided as Financial Statement: Attachment
FK-01,  following  the  body  of  filing.

 (B)  FORM  8-K REPORTS. None during the period of this Report, but see Form 8-K
of  February  2002.


             The Remainder of this Page is Intentionally left Blank

                                       10
<PAGE>

 (C)  EXHIBITS.

   (1) The following Exhibits are incorporated by reference to our previous Form
10-KSB,  for  the  year  ended  December  31,  2000.

     Exhibit  3.1   Articles  of  Incorporation: Snohomish Equity Corporation, a
Nevada  Corporation

     Exhibit  3.2   By-Laws:  Snohomish  Equity  Corporation


   (2) The following Exhibit is incorporated by reference to Attachment A to our
Definitive  Information  Statement  Form  14C.

     Exhibit  2.1   Plan  of  Reorganization.


   (3)  The  following  Exhibits  are  now  provided.

     Exhibit  3.3     Amendment  to  Articles  of  Incorporation:
                    Snohomish  to  Webservices  Innovations,  Ltd.:  Name Change

     Exhibit  3.4     Articles  of  Incorporation  and  Amendments:  Subsidiary


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

                          SNOHOMISH EQUITY CORPORATION

                     (formerly SNOHOMISH EQUITY GROUP, INC)


Dated:  April  15,  2002


     /s/Jen Stone                       /s/Jena Minnick-Harry
        Jen Stone                          Jena Minnick-Harry
        President/Director                 Secretary-Treasurer/Director

                                       11
<PAGE>

--------------------------------------------------------------------------------
                                ATTACHMENT FK-01

                          AUDITED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED
                         DECEMBER  31,  2001  AND  2000
--------------------------------------------------------------------------------

                                       12
<PAGE>

--------------------------------------------------------------------------------
                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company

                        Consolidated Financial Statements

                                December 31, 2001
--------------------------------------------------------------------------------

                                       13
<PAGE>

                                 C O N T E N T S


Independent  Auditors'  Report                                    15

Consolidated  Balance  Sheet                                      16

Consolidated  Statements  of  Operations                          17

Consolidated  Statement  of  Stockholders'  Equity                18

Consolidated  Statements  of  Cash  Flows                         19

Notes  to  the  Consolidated  Financial  Statements               20 - 23

                                       14
<PAGE>

                          INDEPENDENT AUDITOR'S REPORT


To  the  Board  of  Directors  and  Stockholders  of
Webservice  Innovations,  Ltd.
(Formerly  Snohomish  Equity  Corporation)

We  have  audited  the  accompanying  consolidated  balance  sheet of Webservice
Innovations,  Ltd.  (formerly Snohomish Equity Corporation) (a development stage
company)  as  of  December  31,  2001 and the related consolidated statements of
operations, stockholders' equity and cash flows for the years ended December 31,
2001  and  2000  and  from  inception on May 19, 1999 through December 31, 2001.
These  consolidated financial statements are the responsibility of the Company's
management.  Our  responsibility  is  to  express  an opinion on these financial
statements  based  on  our  audits.

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

In  our opinion, the consolidated financial statements referred to above present
fairly,  in  all  material  respects,  the  financial  position  of  Webservice
Innovations,  Ltd.  (formerly Snohomish Equity Corporation) (a development stage
company)  as  of  December  31,  2001 and the results of its operations and cash
flows  for  the years ended December 31, 2001 and 2000 and from inception on May
19,  1999  through  December  31,  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 2 to
the  consolidated  financial  statements,  the Company has minimal assets and no
operations  and  is  dependent  upon  financing  to  continue operations.  These
factors  raise  substantial  doubt  about  its  ability  to  continue as a going
concern.  Management's  plans  in  regard to these matters are also described in
Note  2.  The  consolidated  financial statements do not include any adjustments
that  might  result  from  the  outcome  of  this  uncertainty.


/s/Chisholm  &  Associates
Chisholm  &  Associates
Salt  Lake  City,  Utah
April  4,  2002

                                       15
<PAGE>

                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company)
                           Consolidated Balance Sheet




                                                 December  31,
                                                     2001

                                     ASSETS
CURRENT  ASSETS

     Cash                                      $           34

          Total  Current  Assets                           34

          TOTAL  ASSETS                        $           34
                                               ==============


                      LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT  LIABILITIES

     Accounts  payable                         $      55,350
     Accounts  payable  -  related  party              6,273

          Total  Current  Liabilities                 61,623

STOCKHOLDERS'  EQUITY

Common stock, authorized 50,000,000
shares of $0.001  par  value, 7,056,121
shares issued and outstanding                          7,056
Additional  paid-in  capital                         112,543
Deficit accumulated during
the development stage                               (181,188)

          Total  Stockholders'  Equity               (61,589)

   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $         34
                                                ============

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

                                       16
<PAGE>

                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company)
                      Consolidated Statements of Operations

<TABLE>
<CAPTION>
                                                                                From
                                                                           Inception  on
                                                                              May  19,
                                          For the Years Ended               1999  Through
                                              December  31,               December  31,
                                         2001               2000                2001
<S>                                <C>                    <C>                  <C>

REVENUES                            $      2,600          $         -          $      2,600

EXPENSES

     General  and  administrative         70,101               12,640               183,788

          Total  Expenses                 70,101               12,640               183,788

NET  (LOSS)                         $    (67,501)         $   (12,640)         $   (181,188)
                                   =========================================================
NET  LOSS  PER SHARE                $      (0.01)         $     (0.00)         $      (0.03)
                                   =========================================================
WEIGHTED  AVERAGE  SHARES
 OUTSTANDING                           6,962,627            6,931,120             6,918,651
                                   =========================================================
</TABLE>

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

                                       17
<PAGE>

                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company)
                 Consolidated Statement of Stockholders' Equity

<TABLE>
<CAPTION>
                                                                           Additional
                                           Common  Stock                     Paid-In               Retained
                                    Shares               Amount              Capital               Earnings
<S>                                  <C>               <C>                    <C>               <C>
Balance  at  beginning  of
 development  stage  on
 May  19,  1999                               -        $             -        $           -     $          -

Shares  issued  for  services
 valued  at  $.007  per  share        5,699,120                  5,699               (1,628)               -

Shares  issued  for  cash
 valued  at  $.089  per  share        1,232,000                  1,232              108,768                -

Net  income  for  the  year  ended
 March  31,  2000                             -                      -                    -         (101,047)

Balance,  March  31,  2000            6,931,120                  6,931              107,140         (101,047)

Net  income  for  the  year  ended
 December  31,  2000                          -                      -                    -          (12,640)

Balance,  December  31,  2000         6,931,120                  6,931              107,140         (113,687)

Adjustment  for  reverse
 acquisition  and  reorganization       125,001                    125                5,403                -

Net  income  for  the  year  ended
 December  31,  2001                          -                      -                    -         (67,501)

Balance,  December  31,  2001         7,056,121        $         7,056        $     112,543     $  (181,188)
                                    ========================================================================
</TABLE>

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

                                       18
<PAGE>

                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
<TABLE>
<CAPTION>
                                                                              From
                                                                          Inception  on
                                                                             May  19,
                                          For the Years Ended             1999  Through
                                             December  31,                December  31,
                                      2001                  2000               2001
<S>                               <C>                <C>                <C>
CASH  FLOWS  FROM  OPERATING
 ACTIVITIES

     Net  loss                     $     (67,501)     $     (12,640)     $     (181,188)
Adjustments to reconcile net loss
To net cash provided by operations:
Stock for services                             -                  -               4,071
(Increase)  prepaid  expenses                  -              5,524                   -
       Increase in accounts payable       53,289              2,061              55,350
       Increase in accounts payable -
         related party                    11,801                  -              11,801

       Net Cash Flows Used in Operation
       Activities                         (2,411)            (5,055)           (109,966)

CASH  FLOWS  FROM  INVESTING
 ACTIVITIES                                    -                  -                   -

CASH  FLOWS  FROM  FINANCING
 ACTIVITIES

     Stock  issued  for  cash                  -                  -             110,000

       Net Cash Flows Used in Financing
       Activities                              -                  -             110,000

NET  INCREASE  (DECREASE)  IN CASH        (2,411)            (5,055)                 34

CASH,  BEGINNING  OF  YEAR                 2,445              7,500                   -

CASH,  END  OF  YEAR              $           34     $        2,445     $            34
                                  ======================================================

SUPPLEMENTAL  CASH  FLOW
 INFORMATION

     Cash  Paid  For:

          Interest                $            -     $            -     $             -
          Income  taxes           $            -     $            -     $             -
</TABLE>

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

                                       19
<PAGE>

                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                                December 31, 2001


NOTE  1  -     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Snohomish  Equity  Corporation (the Company) is a Texas corporation organized on
April 8, 1992 under the name of Snohomish Equity Group, Inc., for the purpose of
seeking  out  one or more potential business ventures.  The Company was formally
reorganized  in  the State of Nevada on December 8, 1998 and subsequently, their
name  was changed to Snohomish Equity Corporation.  The Company currently has no
significant  operations  and  is  the  development  stage.

On  September  30,  2001, the Company acquired Webservice Innovations, Inc. in a
reverse  acquisition,  with  Webservice  Innovations,  Inc. being the accounting
survivor  and the Company being the surviving Company.  All historical financial
information  in  these  statements  through  May  19, 1999 are therefore that of
Webservice  Innovations,  Inc.  Pursuant  to this merger the name of the Company
was  changed  to  Webservice  Innovations,  Ltd.

     Webservices  Innovations, Inc. (the Company) (formerly Webmaster.com, Inc.)
was  incorporated  under  the  laws  of the State of Nevada on May 19, 1999.  On
February  14,  2001,  the  Company  changed its name from Webmaster.com, Inc. to
Webservice  Innovations,  Inc.  The  Company was formed to provide communication
services  and  resources  over  the  Internet.  The  Company  currently  has  no
significant  operations  and  is  the  development  stage.

     b.  Accounting  Method

The  Company  recognizes income and expenses on the accrual basis of accounting.

     c.  Earnings  (Loss)  Per  Share

The  computation  of earnings per share of common stock is based on the weighted
average  number  of  shares outstanding at the date of the financial statements.


                                                                        From
                                                                    Inception on
                                                                   May 19, 1999,
                                 For the Years Ended                  Through
                                     December  31,                  December 31,
                               2001                2000                 2001

     Numerator  - loss     $     (67,501)     $     (12,640)     $     (181,188)

 Denominator - weighted average
 of shares outstanding         6,962,624          6,931,120           6,918,651

     Loss  per  share      $       (0.01)     $       (0.00)     $        (0.03)

                                       20
<PAGE>

                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                                December 31, 2001


NOTE  1  -     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (Continued)

     d.  Cash  and  Cash  Equivalents

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

     e.  Provision  for  Income  Taxes

No  provision  for  income  taxes  has  been  recorded due to net operating loss
carryforwards totaling approximately $181,100 that will be offset against future
taxable income.  Since the Company is in the development stage, no provision for
income  taxes  has  been  made.

Deferred tax assets and the valuation account is as follows at December 31, 2001
and  2000.

                                           December  31,
                                    2001                 2000
     Deferred  tax  asset:
        NOL  Carryforward     $     61,600          $     38,600
     Valuation  allowance          (61,600)              (38,600)

     Total                    $          -          $          -
                              ===================================

     f.  Use  of  Estimates

     The  preparation  of  financial  statements  in  conformity  with generally
accepted  accounting  principles  requires  management  to make assumptions that
affect  the amounts reported in the financial statements and accompanying notes.
In  these  financial  statements,  liabilities  involve  extensive  reliance  on
managements  estimates.  Actual  results  could  differ  from  those  estimates.

NOTE  2  -     GOING  CONCERN

The  accompanying  consolidated financial statements have been prepared assuming
that  the  Company  will  continue as a going concern.  The Company is dependent
upon  raising  capital  to  continue  operations.  The  consolidated  financial
statements  do not include any adjustments that might result from the outcome of
the  uncertainty.  It  is  management's plan to raise capital in order to define
their  business  operations,  thus  creating  necessary  operating  revenue.

                                       21
<PAGE>

                          WEBSERVICE INNOVATIONS, LTD.
                     (Formerly Snohomish Equity Corporation)
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
December  31,  2001

NOTE  3  -     DEVELOPMENT  STAGE  COMPANY

The  Company  is  a development stage company as defined in Financial Accounting
Standards  Board  Statement No. 7.  It is concentrating substantially all of its
efforts  in  raising  capital and developing its business operations in order to
generate  significant  revenues.

NOTE  4  -     STOCKHOLDERS'  EQUITY

In  September  2001,  the  Company  authorized  a 1 for 1.4 forward split of its
common  stock.  The  financial  statements  have  been retroactively restated to
reflect  the  forward  split.

In  September  2001,  the Company issued 6,931,120 shares of its common stock in
the  reverse  merger  acquisition  with  Snohomish  Equity  Corp.  (see  Note 6)

NOTE  5  -     RELATED  PARTY  TRANSACTIONS

During  2001,  Paladin  Global  Group,  a  related-party of the Company incurred
expenses  on  behalf  of  the Company.  As of December 31, 2001, a related-party
payable  totaling $6,273 was due to them.  The related-party relationship occurs
through  Jeff  Harry,  who  is  an  officer of Paladin Global Group as well as a
shareholder  in  the  Company.

NOTE  6  -     PRINCIPLES  OF  CONSOLIDATION

The  December  31,  2001  financial  statements  include the books of Webservice
Innovations,  Ltd.  (formerly  Snohomish  Equity  Corp.)  and  its  wholly owned
subsidiary  of  Webservice Innovations, Inc.  All inter-company transactions and
balances  have  been  eliminated  in  the  consolidation.

NOTE  7  -     REVERSE  ACQUISITION

     Effective  September 30, 2001, Webservice Innovations, Inc. entered into an
agreement  to merge with Snohomish Equity Corporation, a Texas Corporation which
is  a  non-operating  public  company.  Pursuant to the merger, Snohomish Equity
Corp. issued 6,931,120 shares of common stock to the shareholders of the Company
in exchange for all the outstanding common stock of the Company.  The merger was
recorded  as  a  reverse  merger,  with  Webservice  Innovations, Inc. being the
accounting  survivor.  All  historical financial information in these statements
through  May  19,  1999  are  therefore  that of Webservice Innovations, Inc.  A
reverse  merger adjustment was made to the books of Webservice Innovations, Inc.
to reflect the change in capital to that of Snohomish Equity, Corp.  No goodwill
or  intangible  assets  were  recorded  in  the  reverse  acquisition.

                                       22
<PAGE>

--------------------------------------------------------------------------------
                                   EXHIBIT 3.3

                     AMENDMENT TO ARTICLES OF INCORPORATION

                   SNOHOMISH TO WEBSERVICES INNOVATIONS, LTD.

                                   NAME CHANGE
--------------------------------------------------------------------------------

                                       23
<PAGE>

                     AMENDMENT TO ARTICLES OF INCORPORATION
                                       of
                          SNOHOMISH EQUITY CORPORATION

                (AFTER PAYMENT OF CAPITAL AND ISSUANCE OF STOCK)

WE  THE  UNDERSIGNED  Officers of SNOHOMISH EQUITY CORPORATION (the Corporation)
hereby  certify:

     1.  The Board of Directors of the Corporation at a meeting of duly convened
and  held  on  September  20, 2001 adopted a resolution to amend the Articles of
Incorporation  as  Originally  filed  as  follows:

     THE  FORMER ARTICLE I READ: The name of the Corporation is Snohomish Equity
Corporation.

     ARTICLE  I  IS  SUPERSEDED  AND  REPLACED  AS  FOLLOWS:  The  name  of  the
Corporation  is  WebServices  Innovations,  Ltd.

     2.  The  Action  of the Board of Directors, as recited above was authorized
and  empowered,  pursuant  to  the  Laws  of Nevada: the number of shares of the
Corporation  outstanding and entitled to vote on an amendment to the Articles of
Incorporation on September 20, 2001 was 4,950,000; and the foregoing changes and
amendment  have  been  consented  to  and  approved  by  a  majority vote of the
stockholders  holding at least a majority of each class of stock outstanding and
entitled to vote thereon, specifically 4,000,000 affirmative votes, representing
more  than  80%  of  the  total  issued,  outstanding  and  entitled  to  vote.

     3.  This  amendment  is  signed  and  dated,  as  follows: November 1, 2001



/s/Jeffrey  A.  Harry     /s/Jena  Minnick-Harry
   Jeffrey  A.  Harry        Jena  Minnick-Harry
   President                 Secretary/Treasurer

                                       24
<PAGE>

--------------------------------------------------------------------------------
                                   EXHIBIT 3.4

                            ARTICLES OF INCORPORATION
                                       AND
                                   AMENDMENTS

                                   SUBSIDIARY
--------------------------------------------------------------------------------

                                       25
<PAGE>

                            ARTICLES OF INCORPORATION
                                       OF
                               WEBMASTER.COM, INC.

     ARTICLE  I.  The  name  of  the  Corporation  is  WEBMASTER.COM,  INC.

     ARTICLE  II.  Its principal office in the State of Nevada is 774 Mays Blvd.
#10,  Incline  Village  NV  89452.  The  initial  resident agent for services of
process  at  that  address  is  N&R  Ltd.  Group,  Inc.

     ARTICLE  III.  The  purposes  for which the corporation is organized are to
engage in any activity or business not in conflict with the laws of the State of
Nevada  or  of  the  United  States  of America.  The period of existence of the
corporation  shall  be  perpetual.

     ARTICLE  IV.  The corporation shall have authority to issue an aggregate of
50,000,000  shares  of common voting equity stock of par value one mil ($0.0001)
per share, and no other class or classes of stock, for a total capitalization of
$5,000.  The  corporation's capital stock may be sold from time to time for such
consideration  as  may  be  fixed  by  the  Board of Directors, provided that no
consideration  so  fixed  shall  be  less  than  par  value.

     ARTICLE  V.  No  shareholder  shall  be  entitled  to  any  preemptive  or
preferential  rights  to subscribe to any unissued stock or any other securities
which the corporation may now or hereafter be authorized to issue, nor shall any
shareholder  possess  cumulative  voting rights at any shareholders meeting, for
the  purpose  of  electing  Directors,  or  otherwise.

     ARTICLE  VI. The name and address of the Incorporator of the corporation is
William  Stocker,  34700  Pacific  Coast Highway, Suite 303, Capistrano Beach CA
92624.  The affairs of the corporation shall be governed by a Board of Directors
of  not  less than one (1) nor more than (7) persons. The Incorporator shall act
as  Sole  Initial  Director.

     ARTICLE  VII. The Capital Stock, after the amount of the subscription price
or  par  value,  shall  not  be  subject  to  assessment to pay the debts of the
corporation,  and  no  stock  issued,  as  paid  up, shall ever be assessable or
assessed.

     ARTICLE  VIII.  The  initial By-laws of the corporation shall be adopted by
its  Board  of  Directors.  The  power to alter, amend or repeal the By-laws, or
adopt  new  By-laws,  shall  be  vested  in  the  Board  of Directors, except as
otherwise  may  be  specifically  provided  in  the  By-laws.

     I  THE  UNDERSIGNED,  being  the  Incorporator  hereinbefore  named for the
purpose  of  forming  a  corporation pursuant the General Corporation Law of the
State  of  Nevada,  do  make  and  file  these Articles of Incorporation, hereby
declaring  and certifying that the facts herein stated are true, and accordingly
have  set  my  hand  hereunto  this  Day,  May  20,  1999.

                               /s/William Stocker
                                 William Stocker
                                  Incorporator

                                       26
<PAGE>

                     AMENDMENT TO ARTICLES OF INCORPORATION
                                       of
                               WEBMASTER.COM, INC.
                (AFTER PAYMENT OF CAPITAL AND ISSUANCE OF STOCK)

WE  THE  UNDERSIGNED,  Officers  of WEBMASTER.COM, INC. (the Corporation) hereby
certify:

     1.  The Board of Directors of the Corporation at a meeting of duly convened
and  held  on  July  7,  2000  adopted  a  resolution  to  amend the Articles of
Incorporation  as  Originally  filed  as  follows:

     THE  FORMER  ARTICLE IV READ: The corporation shall have authority to issue
an aggregate of 50,000,000 shares of common voting equity stock of par value one
mil  ($0.0001)  per  share,  and no other class or classes of stock, for a total
capitalization  of $5,000. The corporation's capital stock may be sold from time
to  time  for  such  consideration  as  may  be fixed by the Board of Directors,
provided  that  no  consideration  so  fixed  shall  be  less  than  par  value.

     ARTICLE  IV  IS  SUPERSEDED  AND REPLACED AS FOLLOWS: The corporation shall
have  authority  to  issue  an  aggregate  of 50,000,000 shares of common voting
equity  stock  of  par  value  one mil ($0.001) per share, and no other class or
classes  of  stock,  for  a  total  capitalization of $50,000. The corporation's
capital  stock  may  be  sold from time to time for such consideration as may be
fixed  by  the Board of Directors, provided that no consideration so fixed shall
be  less  than  par  value.

     2.  The  Action  of the Board of Directors, as recited above was authorized
and  empowered,  pursuant  to  the  Laws  of Nevada: the number of shares of the
Corporation  outstanding and entitled to vote on an amendment to the Articles of
Incorporation  on  July  7,  2000  was  4,950,800; and the foregoing changes and
amendment  have  been  consented  to  and  approved  by  a  majority vote of the
stockholders  holding at least a majority of each class of stock outstanding and
entitled to vote thereon, specifically 4,000,000 affirmative votes, representing
more  than  80%  of  the  total  issued,  outstanding  and  entitled  to  vote.

     This  amendment  is  signed  and  dated  and  notarized,  as  follows:

/s/Jeff  Harry     /s/J.  Dan  Sifford
   Jeff  Harry        J.  Dan  Sifford
   President          Secretary/Treasurer

                                       27
<PAGE>

                     AMENDMENT TO ARTICLES OF INCORPORATION
                                       of
                               WEBMASTER.COM, INC.
                (AFTER PAYMENT OF CAPITAL AND ISSUANCE OF STOCK)

WE  THE  UNDERSIGNED  Officers  of  WEBMASTER.COM, INC. (the Corporation) hereby
certify:

     1.  The Board of Directors of the Corporation at a meeting of duly convened
and  held  on  February  14,  2001 adopted a resolution to amend the Articles of
Incorporation  as  Originally  filed  as  follows:

     THE  FORMER  ARTICLE  I READ: The name of the Corporation is WebMaster.com,
Inc.

     ARTICLE  I  IS  SUPERSEDED  AND  REPLACED  AS  FOLLOWS:  The  name  of  the
Corporation  is  WebServices  Innovations,  Inc.

     2.  The  Action  of the Board of Directors, as recited above was authorized
and  empowered,  pursuant  to  the  Laws  of Nevada: the number of shares of the
Corporation  outstanding and entitled to vote on an amendment to the Articles of
Incorporation  on February 14, 2001 was 4,950,800; and the foregoing changes and
amendment  have  been  consented  to  and  approved  by  a  majority vote of the
stockholders  holding at least a majority of each class of stock outstanding and
entitled to vote thereon, specifically 4,000,000 affirmative votes, representing
more  than  80%  of  the  total  issued,  outstanding  and  entitled  to  vote.

     This  amendment  is  signed  and  dated  and  notarized,  as  follows:


/s/Jeffrey  A.  Harry     /s/Jeffrey  A.  Harry
   Jeffrey  A.  Harry        Jeffrey  A.  Harry
   President                 Secretary

                                       28
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