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

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

     For the Transition Period from __________ to __________

                Commission File Number 000-26293

                     FreePCSQuote.Com, Inc.
     (Exact Name of Registrant as Specified in its Charter)

           Nevada                         88-0420306
(State or other jurisdiction of       (I.R.S. employer
incorporation or  organization)     identification number)

   4824 Braeburn Drive, Las Vegas, NV           89130
(Address of principal executive offices)      (Zip code)

 Registrant's Telephone Number, Including Area Code: (702) 493-9698

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

   Securities Registered Pursuant to Section 12(g) of the Act:
Common Stock, $0.001 par value per share, 20,000,000 shares authorized,
     197,000 issued and outstanding as of December 31, 2002.

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

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

 Currently, the approximate aggregate market value of the Common
    Stock held by non-affiliates of the registrant cannot be
  calculated.  The Company's Common Stock is listed on the Pink
  Sheets and the OTCBB, however, there is no posted bid or ask.


/1/


               DOCUMENTS INCORPORATED BY REFERENCE

     Sections of the registrant's definitive Proxy Statement for
the registrant's Annual Meeting of Stockholders, which will be
filed with the Securities and Exchange Commission, are
incorporated by reference into Part III of this Report to the
extent stated herein.

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

                             PART I

ITEM 1 - DESCRIPTION OF BUSINESS.

Overview and History

     FreePCSQuote.Com ("FPQT", "FreePCS", or the "Company"), a
Nevada corporation, incorporated on February 18, 1999, is a
development stage company with a principal business objective to
allow businesses the opportunity to generate revenues through the
use of our Internet technology solutions and services. Through
the use of our computer software, network technology, and systems
management we provide our customers comprehensive outsourced web
site and application hosting solutions.  We have yet to generated
significant revenues from operations, however, through our world
wide web site at www.lasvegaswebhost.com we offer a wide range of
internet support services.

     We provide a broad spectrum of enhanced e-commerce services
to businesses.  Our strategy over the next approximately twelve
(12) to twenty-four (24) months will be to enhance and expand our
products and services, expand our customer base, promote and
enhance brand awareness and capture and develop emerging revenue
opportunities.

     On February 3, 2003, FPQT effectuated a 1-for-10 reverse
split of our common stock.  For accounting purposes the
adjustment to the outstanding common stock of FPQT from 1,970,000
shares to 197,000 shares is reflected on the December 31, 2002
financial statements contained within this document.

Industry Background

     The Internet is a global network of multiple private and
public networks that use standardized communication protocols to
communicate with each other. The Internet has become an important
communication and commercial medium and presents a significant
opportunity for associations and businesses to interact in new
and different ways with a larger number of members, customers,
employees, suppliers and partners.  As use of the Internet grows,
associations and businesses are increasing the breadth and depth
of their Internet product and service offerings.  Pioneering
Internet-based organizations have developed Internet products and
services in areas such as finance, insurance, media, tourism,
retail and advertising.

     Other organizations have begun to use the Internet for an
expanding variety of applications, ranging from corporate or
association publicity and advertising, to sales, distribution,
customer service, employee training and communication with
partners.  Increasingly, Internet operations are becoming mission-
critical for many of these enterprises.  To ensure the
reliability of their Internet operations, enterprises are
requiring that these operations have high performance standards,
scalability and expert management 24 hours a day, 7 days a week.


/2/


     Enterprises generally utilize two types of Internet
services: connectivity and valued-added services.  FreePCS
provides companies with value-added services such as Web hosting
and communication services that improve the internal and external
operations of an enterprise.  These value-added services
represent one of the fastest growing segments of the Internet
services market.  The availability of Internet access, the
advancements in technologies required to navigate the Internet
and the proliferation of content and applications available over
the Internet have attracted a growing number of Internet users.

     The Web hosting provider market is segmented into large
national or multinational providers with large high speed
networks and regional or local hosting companies, who typically
rely upon the larger networks for Internet connectivity. The
larger Web hosting companies, like UUNet are referred to as "tier
one" networks, which exchange Internet traffic cost-free, at
multiple public peering points, as well as through private
peering arrangements.

     As is typical in the case of a new and rapidly evolving
industry, the Internet is characterized by rapidly changing
technology, evolving industry standards and frequent new product
and service introductions. Demand for recently introduced
products and services is subject to a level of uncertainty.
Despite growing interest in the many uses of the Internet some
potential users could be deterred from purchasing Internet access
services because of a perceived inconsistent quality of service,
the need to deal with multiple and frequently incompatible
vendors, and perceived inadequate protection of the
confidentiality of stored data and information moving across the
Internet. In particular, a perceived lack of security of
commercial data, such as credit card numbers, could impede
commercial exploitation of the Internet. There can be no
assurance that encryption or other technologies will
satisfactorily address these security concerns. The adoption of
the Internet for commerce and communications, particularly by
those individuals and enterprises which have historically relied
upon alternative means of commerce and communication, generally
requires the understanding and acceptance of a new way of
conducting business.

Principal Products and Services and Principal Markets

     Our business strategy is to provide affordable web hosting.
We enable companies that seek to establish or reassess their
presence on the Internet by offering them attractive hosting
packages at competitive rates.  Customers are bound to these
packages through monthly hosting and maintenance contracts.  A
majority of the clients of our services are in the small to
medium sized business market, as well as individual
professionals.  Therefore, to a large extent, our ability to grow
depends upon the level at which we can attract new customers and
bind them to our hosting and maintenance agreements.

     Recently various major Internet portals and communities have
begun offering free web hosting space which, in theory, would be
sufficient to a substantial part of our potential web hosting
clients.  Such free services however, in most cases involve the
involuntary placement of advertisement and limits in hosting
space and bandwidth.  Even though the tools provided in
connection with these free services are sufficient for the most
basic self-made design of web sites, they do not offer the
capability to construct an entire professional web site.


/3/


     The principal products and services we offer are:

       1. Web site hosting; and

       2. E-mail and related services such as conference and
          bulletin board facilities, mailing list management and
          e-commerce.

     The key factors that we believe will drive our growth are:

       1. The ability to facilitate the rapid, cost-efficient
          implementation and expansion of customers' Web site
          initiatives and needs;

       2. An operating platform designed to allow us to scale our
          operations to achieve higher revenues, lower marginal
          unit costs and increased operating margins; and

       3. A highly skilled research and development organization
          dedicated to identifying the best available tools,
          technologies and processes.

     We will seek to identify, test and utilize the best
available technologies and processes.  Our architecture will be
specifically designed to facilitate the rapid, cost-efficient
implementation and expansion of customers' Web hosting
initiatives and accommodate the launching and maintenance of Web
sites in multiple languages.

  Products and Services

     We offer a variety of Internet services including Web
hosting, Web consulting and electronic mail services. In the
future, we intend to develop a broader range of value added
solutions and services independently, principally through the
development of proprietary Web applications software. Following
is a description of the products and services that we provide to
our customers.

  Web Site Hosting

     We offer our customers several options for hosting their web
sites. A customer can share space on a server, which also hosts
the web sites of other customers. A web site provides a company
with a tangible identity and interactive presence on the
Internet. The site allows a company to post information about
itself that is easily accessible to all Internet users.

     We offer a comprehensive range of basic web site hosting
products, as well as a growing suite of enhanced web site hosting
products. Generally, our customers elect to rely upon us to
provide the hardware and software that is necessary to host a web
site.  We offer three basic web site hosting plans, the largest
of which provides up to 20 gigabytes of data transfer per month
and up to 300 megabytes of disk storage on our servers.  After a
one-time set up fee of $25, the customer can opt to engage our
services on an annual basis for $240, quarterly at rate of $67.50
per quarter, or monthly at a rate of $25 per month.

  Consulting Services

     Our consulting services provide customized assistance to
customers with unique architecture, deployment or maintenance
requirements.  These services include performance tuning, site
architecture assessment, migration planning, capacity planning,
disaster recovery planning and database optimization.  Our
consulting services assist customers with limited resources or
who lack Internet and technical expertise.


/4/


     Our consulting engagements range from a few hours to a few
weeks depending on the complexity and volume of the services needed.
We believe our consulting services will play an increasingly
important role in supporting the implementation and maintenance
of complex web sites and web-based applications.

  Other Services

     We offer a variety of other services, which enables
communication over the Internet.  These include virtual hosting
of electronic mail.  This allows users to maintain their own
domains while housing their e-mail on our servers. We also offer
the filtering of unsolicited e-mail.

     Our MajorDomo Management product enables the broadcast of e-
mail to an established user group.  It is used to conduct
training sessions electronically, thereby eliminating the travel
and related costs associated with live sessions.

     Our PHPBoard product is used to post messages to members of
a closed group and allows recipients of messages to respond.  Our
e-commerce product is used to establish an online store from
which our clients can sell products through their website.  We
offer our customers various combinations of these services which
we call packages.  We charge our customers a fee per package,
which varies from $5 to $25 depending on the complexity of the
package.

Distribution Methods of the Products or Services

     The primary elements of our business strategy are as
follows:

  Build Strong Brand Recognition

     We believe that name recognition is an important advantage
in the Internet Technology industry as services are generally
available from numerous sources and buyers must trust in a
supplier's reliability and credibility.  To maximize customer
awareness, expand our customer base cost effectively and avoid
reliance on any one source of customers, we seek to build brand
recognition through multiple marketing channels:

     Web-based and traditional advertising.  We utilize
aggressive online advertising to promote both our brand name and
specific merchandising opportunities on a wide variety of web
sites, including major content and service providers, targeted
computer-related sites and niche, special-interest sites.  We
also intend to conduct a more traditional media-based advertising
campaign that may include television, radio and print
advertising.

     Linking and affiliate programs.  To direct traffic to our
web site, we plan to create inbound links that will connect
directly to our web site from other sites on the web.  These
links, most of which we expect to be free to us, will allow
potential customers to simply click on the link and become
connected to our web site from search engines, manufacturers' web
sites and community and affinity sites.

     Direct online marketing.  We plan to market directly to our
customers through electronic newsletters and intend to send
targeted merchandising e-mails to discrete segments of our
customer database based on purchasing history.  We intend to
continue to use the unique resources of the Internet as a low-
cost means of personalized marketing.


/5/


  Pursue Strategic Acquisitions and Alliances

     We believe that there are numerous opportunities to acquire
other businesses with established bases, compatible operations,
experience with additional or emerging telecommunications
services and technologies, and experienced management.  We
believe that these acquisitions, if successful, will result in
synergistic opportunities, and may increase our revenue and
income growth.  We intend to seek opportunities to acquire
businesses, services and/or technologies that we believe will
complement our business operations.  We plan to seek
opportunistic acquisitions that may provide complementary
technology, expertise or access to certain markets.

     In addition, we may seek to acquire certain component
technologies that may provide opportunities to accelerate our
service development efforts.  No specific acquisition candidates
have been identified, and no assurance can be given that any
future transactions will be effected, or if effected, will be
successful.

     We may pursue strategic alliances with partners who have
established operations.  As part of these joint venture
agreements, we may make investments in or purchase a part
ownership in these joint ventures.  We believe that these joint
venture relationships, if successful, will result in synergistic
opportunities, allowing us to gain additional insight, expertise
and penetration in markets where joint venture partners already
operate, and may increase our revenue and income growth.  No
specific joint venture agreements have been signed, and no
assurance can be given that any agreements will be effected, or
if effected, will be successful.

Status of Any Announced New Product or Service

     As we were organized on February 18, 1999, we have a limited
operating history.  Activities to date have been limited
primarily to organization, initial capitalization, finding and
securing an appropriate, experienced management team and board of
directors, the development of a business plan, and commencing
with initial operations.

     As of December 31, 2002, we have developed a business plan,
recruited and retained a CEO, signed several web hosting
contracts and obtained listing status on the Pink Sheets under
the symbol "FPQT."  As we are still in the development stage, we
have no new products or services to announce.

Customers

     In fiscal 2002, we generated revenues of $6,189.  We
currently have web hosting agreements with Coast Wide Promotions,
Air Filtration Systems and AEL construction.  We do not
anticipate that our revenues will be dependent on any one or even
a few major customers.

Patents, Trademarks, Licenses, Franchises, Concessions, Royalty
Agreements, or Labor Contracts

     We do not currently own any patents on our technologies.
New proprietary technological advancements will be protected as
trade secrets until appropriate measures can be taken for
protection.  We believe, however, that our success and ability to
compete is dependent in part on the protection of our potential
trademarks, trade names, service marks, patents and other
proprietary rights and technology.  We intend to rely on trade
secret, patent and copyright laws to protect the intellectual
property that we plan to develop, but there can be no assurance
that such laws will provide sufficient protection for us, that
others will not develop products, technology and services that
are similar or superior to ours, or that third parties will not
copy or otherwise obtain and use our proprietary technology
without authorization.


/6/


     Policing unauthorized use of our proprietary and other
intellectual property rights, in the future, could entail
significant expense and could be difficult or impossible.  In
addition, there can be no assurance that third parties will not
bring claims of copyright, patent or trademark infringement
against us or claim that certain of our products, technology,
processes or features violates a patent.  There can be no
assurance that third parties will not claim that we have
misappropriated their creative ideas or formats or otherwise
infringed upon their proprietary rights.  Any claims of
infringement, with or without merit, could be time consuming to
defend, result in costly litigation, divert management attention,
require us to enter into costly royalty or licensing arrangements
to prevent us from using important technologies or methods, any
of which could have a material adverse effect on our business,
financial condition or operating results.

Regulation

     We are not currently subject to direct regulation by any
domestic or foreign governmental agency, other than regulations
applicable to businesses generally, and laws or regulations
applicable to the e-commerce industry.  However, due to the
increasing popularity and use of the Internet and other e-
commerce services, it is possible that a number of laws and
regulations may be adopted with respect to the Internet or other
e-commerce services covering issues such as user privacy,
pricing, content, copyrights, distribution and characteristics
and quality of products and services.

     Furthermore, the growth and development of the market for
personalized e-commerce services may prompt calls for more
stringent consumer protection laws that may impose additional
burdens on those companies conducting business online.  The
adoption of any additional laws or regulations may decrease the
growth of the Internet or telecommunications industry, which
could, in turn, decrease the demand for our products and services
and increase our cost of doing business, or otherwise have an
adverse effect on our business, prospects, financial condition
and results of operations.

Effect of Existing or Probable Government Regulations

     We believe that the regulations governing the e-commerce
industry will not have a material effect on our current
operations.  However, due to rapid changes in the way information
is transmitted and reviewed, various federal and state agencies
may propose new legislation, which may adversely affect our
business, financial condition and results of operations.

Research and Development Activities

     The market for e-commerce services has historically been
characterized by frequent technological advances, evolving
industry standards and escalating customer expectations.  As a
result, management believes that our future growth and success
will be largely dependent on our ability to develop or acquire
products and services to meet the evolving needs of our
prospective clients.  We anticipate that the long-term success of
our product offerings will require further product development.
We expect to continually evaluate our products and services to
determine what additional products or enhancements are required
by the marketplace.

     We plan to develop and enhance our products and services
internally to meet clients' needs, but if we can purchase or
license proven products or services at reasonable costs we will
do so in order to avoid the time and expense involved in
developing such products or services.  We have yet to incur any
research and development costs from February 18, 1999 (date of
inception) through December 31, 2002.


/7/


Employees

     As a development stage company, in order to more prudently
manage our limited resources, we presently have one (1) full time
employee (our President) and one (1) independent contractor.  Our
independent contractor is currently not represented by a
collective bargaining agreement, and we believe that relations
with our independent contractor is good.

The  name,  age  and  position  of the  Company's  directors  and
executive officers are as follows:


Name                        Age      Position
-------------              -----     ---------------
Eric Borgeson               27       President & CEO


Eric Borgeson, CEO and Chairman of the Board has, for the last
nine years, worked for Passkey Systems, a direct mail company in
Las Vegas, NV. (Passkey Systems is in no way affiliated with
FreePCSQuote.com.)  Mr. Borgeson brings 9 years of technical and
Internet expertise as well as keen marketing skills to the
management of the Company.  He brings an understanding of the
need for fast information due to his coordination and involvement
with fantasy sports leagues.  He also is a versed day trader and
recognizes the importance of timely, accurate information driven
in a personal, easy to use fashion.

ITEM 2.   PROPERTIES.

     Our corporate headquarters are located at 4824 Braeburn
Drive, Las Vegas, Nevada 89130.  The office space is provided by
the sole officer and director of the Company at no cost to the
Company.  We do not have any additional facilities.
Additionally, there are currently no proposed programs for the
renovation, improvement or development of the properties
currently being utilized by the Company.

ITEM 3 -- LEGAL PROCEEDINGS.

     We are not subject to any legal proceedings.

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

     Not applicable.



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/8/


                             PART II

ITEM 5 -- MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS.

     Our common stock has been registered in a Form 10-SB filing
with the SEC and is currently listed on the Pink Sheets under the
ticker symbol "FPQT". However, there have been no purchases or
sales of FPQT common stock, nor is there a posted bid or ask.
The following table sets forth certain information as of the end
of 2002, with respect to the beneficial ownership of our Common
Stock by all persons known by us to be beneficial owners of more
than 5% of any such outstanding classes, and by each director and
executive officer, and by all officers and directors as a group.
Unless otherwise specified, the named beneficial owner has, to
our knowledge, either sole or majority voting and investment
power.

                          COMMON STOCK

Name of Beneficial Owner (1)          Number of Shares   % of Class
----------------------------          ----------------   ----------
Eric Borgeson                              750,000         38.07%
Janeva Corporation(2)                      450,000         22.84%
Corporate Regulatory Services, LLC(3)      450,000         22.84%
                                      ----------------   ----------
All Executive Officers and                 750,000         38.07%
Directors as a Group

  Footnotes to Principal Shareholders:
(1)  The address of each executive officer and director is c/o
     4824 Braeburn Drive, Las Vegas, Nevada 89130.
(2)  Bert K. Blevins III is the sole officer, director, and
     controlling shareholder of Janeva Corporation, and as such,
     is the only natural person who shares beneficial ownership
     of the shares of the issuer attributed to Janeva
     Corporation.
(3)  Glen Greenfelder, Jr. is the sole officer, director, and
     controlling shareholder of Corporate Regulatory Services, LLC,
     and as such, is the only natural person who shares beneficial
     ownership of the shares of the issuer attributed to Corporate
     Regulatory Services, LLC.



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/9/


Item 6. Management's Discussion and Analysis or Plan of Operation.

                   FORWARD LOOKING STATEMENTS

     The statements contained in this report that are not
historical facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act. Forward-
looking statements are made based upon management's current
expectations and beliefs concerning future developments and their
potential effects upon the Company.  There can be no assurance
that future developments affecting the Company will be those
anticipated by management.  Actual results may differ materially
from those included in the forward-looking statements.  These
forward-looking statements involve risks and uncertainties
including, but not limited to, the following:

   -  our status as a start-up company with less than three years of
      operating history;
   -  our expectation of significant losses during the first three
      years of operations;
   -  the competitive disadvantage resulting from our status as a
      development stage company;
   -  our dependence on key management personnel;
   -  our ability to implement developments in technology to be
      competitive.

     Readers are also directed to other risks and uncertainties
discussed in other documents filed by the Company with the
Securities and Exchange Commission.  The Company undertakes no
obligation to update or revise any forward-looking information,
whether as a result of new information, future developments or
otherwise.

Overview

     We were organized February 18, 1999, under the laws of the
State of Nevada, as FreePCSQuote.Com, Inc.  In 2002, we generated
revenues of $6,189. In accordance with Statement of Finanical
Accounting Standards No. 7 (SFAS #7), we are considered a
developmental stage company.  Our objective is to provide
businesses with the opportunity to generate revenues by supplying
those businesses with Internet technology solutions and services.
We provide the computer software, network technology, and systems
management necessary to offer our customers comprehensive
outsourced web site and application hosting solutions.  To date,
we have not generated significant revenues from operations,
however, we currently have in place a world wide web site at
www.lasvegaswebhost.com offering a wide range of internet support
services.

Management's Plan of Operation

     Management believes that capital requirements will be
derived from internal revenues and earnings generated from the
sale of our products and services.  If we are unable to generate
sufficient revenues from our products and services, we will need
to raise additional funds to meet our capital requirements.
Although there is no definitive or legally binding arrangement to
do so, management plans to advance funds to the Company on an as-
needed basis.

     Our ability to generate revenues will be primarily dependent
upon our ability to cost effectively and efficiently provide
enhanced Internet Technology Solutions and Services to business
customers.  Our strategy over the next approximately twelve (12)
to twenty-four (24) months will be to enhance and expand content
offerings, expand our subscriber base, promote and enhance brand
awareness and develop emerging revenue opportunities.


/10/


     Realization of sales of our products and services during the
fiscal year ending December 31, 2003, is vital to our plan of
operations.  There are no guarantees that we will be able to
compete successfully or that the competitive pressures we may
face will not have a material adverse effect on our business,
results of operations and financial condition.

     Management does not anticipate any significant changes in
the number of employees over the next approximately twelve (12)
months.

Results of Operations

     Period ending December 31, 2002.

Revenues. FreePCS is a developmental stage enterprise as defined
in SFAS #7. We generated revenues of $6,189 in fiscal 2002
compared to $0 revenues in fiscal 2001.  We have devoted
substantially all of our present efforts to completing our 12(g)
reporting requirements with the Securities Act of 1934 and our
commencement of trading on the NASD Over-the-Counter Bulletin
Board ("OTC-BB") under the ticker symbol "FPQT".

Expenses. We incurred total expenses of $4,717 in fiscal 2002
compared to $0 expenses in fiscal 2001.  Total Operating expenses
for the period February 18, 1999 (inception) to December 31,
2002, totaled $13,917 resulting in a net loss of $6,578 for the
same period.  General and administrative expenses of $2,075,
Equipment rental of $2,317 and Bad debt expense of $325 account
comprise our total expenses in fiscal 2002.

Liquidity and Capital Resources

     We have generated minimal revenues during this period and it
is unknown when we will generate significant revenues.  It is
anticipated that we will realize revenues from supplying Internet
data to users of alphanumeric pagers and PCS telephones during
the next twelve (12) months, of which we cannot guarantee. The
receipt of funds from Private Placement Offerings or loans
obtained through private and public sources by FreePCS may be
anticipated to offset our near term cash equivalents for the next
twelve (12) months.  We have financed our cash flow requirements
through issuance of common stock and the minimal revenues we have
generated to date.  During our normal course of business, we may
experience net negative cash flows from operations, pending
receipt of revenues.



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/11/


Item 7. Financial Statements.



                        TABLE OF CONTENTS


                                                              PAGE(S)
                                                              -------

INDEPENDENT AUDITOR'S REPORT                                     13

BALANCE SHEETS                                                   14

STATEMENTS OF OPERATIONS                                         15

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)          16

STATEMENTS OF CASH FLOWS                                         17

NOTES TO FINANCIAL STATEMENTS                                 18 to 22


/12/


Beckstead and Watts, LLP
Certified Public Accountants
                                          3340 Wynn Road, Suite B
                                              Las Vegas, NV 89102
                                                     702.257.1984
                                               702.362.0540 (fax)

                  INDEPENDENT AUDITORS' REPORT

Board of Directors
FreePCSQuote.com, Inc.

We have audited the Balance Sheets of FreePCSQuote.com, Inc. (the
"Company")  (A  Development Stage Company), as  of  December  31,
2002,  and  the  related Statements of Operations,  Stockholders'
Equity, and Cash Flows for the year then ended and for the period
February  18,  1999  (Date of Inception) to  December  31,  2002.
These   financial  statements  are  the  responsibility  of   the
Company's  management.   Our  responsibility  is  to  express  an
opinion  on  these financial statements based on our audit.   The
financial statements of FreePCSQuote.com, Inc. as of December 31,
2001,  were audited by G. Brad Beckstead, CPA, sole practitioner,
whose report dated January 17, 2002, on those statements included
an explanatory going concern paragraph discussed in Note 2 to the
financial statements.

We  conducted  our  audit in accordance with  generally  accepted
auditing  standards  in  the United  States  of  America.   Those
standards  require that we plan and perform the audit  to  obtain
reasonable  assurance about whether the financial statements  are
free of material misstatement.  An audit includes examining, on a
test  basis,  evidence supporting the amounts and disclosures  in
the  financial  statement presentation.  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  audit
provides a reasonable basis for our opinion.

In  our  opinion,  the  financial statements  referred  to  above
present  fairly, in all material respects, the financial position
of  FreePCSQuote.com, Inc. (A Development Stage  Company)  as  of
December  31,  2002, and the results of its operations  and  cash
flows  for  the year then ended and for the period  February  18,
1999 (Date of Inception) to December 31, 2002, in conformity with
generally accepted accounting principles in the United States  of
America.

The accompanying financial statements have been prepared assuming
the  Company  will continue as a going concern.  As discussed  in
Note  2  to the financial statements, the Company has had limited
operations  and have not commenced planned principal  operations.
This raises substantial doubt about its ability to continue as  a
going  concern.  Management's plan in regard to these matters  is
also  described  in  Note  2.  The financial  statements  do  not
include  any  adjustments that might result from the  outcome  of
this uncertainty.

/s/ Beckstead & Watts, LLP
--------------------------
Beckstead & Watts, LLP

April 16, 2003


/13/


                            FreePCSQuote.com, Inc.
                         (A Development Stage Company)
                                Balance Sheets


                                                          December 31,
                                                    -----------------------
Assets                                                  2002        2001
                                                    -----------  ----------
Current assets:
  Cash                                              $       552  $        -
  Accounts receivable                                     1,020           -
  Undeposited funds                                           -           -
                                                    -----------  ----------
     Total current assets                                 1,572           -
                                                    -----------  ----------

                                                     $    1,572  $        -
                                                    ===========  ==========

Liabilities and Stockholders' Equity

Stockholders' equity:
  Preferred stock, $0.001 par value, 5,000,000 shares
   authorized, no shares issued and outstanding               -           -
  Common stock, $0.001 par value; 20,000,000 shares
   authorized, 197,000 shares issued and outstanding        197         197
  Additional paid-in capital                              7,953       7,853
  (Deficit) accumulated during development stage         (6,578)     (8,050)
                                                    -----------  ----------
                                                          1,572           -
                                                    -----------  ----------

                                                     $    1,572  $        -
                                                    ===========  ==========



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


/14/


                            FreePCSQuote.com, Inc.
                         (a Development Stage Company)
                           Statements of Operations


                                   For the years ended     February 18, 1999
                                       December 31,          (Inception) to
                                --------------------------    December 31,
                                    2002          2001            2002
                                ------------  ------------    ------------

Revenue                         $      6,189  $          -    $      7,339
                                ------------  ------------    ------------

Expenses:
  General and administrative
   expenses                            2,075             -           8,480
  Equipment rental                     2,317             -           5,112
  Bad debt expense                       325             -             325
                                ------------  ------------    ------------
     Total expenses                    4,717             -          13,917
                                ------------  ------------    ------------

Net income (loss)               $      1,472  $          -    $     (6,578)
                                ============  ============    ============

Weighted average number of
 common shares outstanding           197,000       197,000
                                ============  ============

Net income (loss) per share     $       0.01  $          -
                                ============  ============



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


/15/


                            FreePCSQuote.com, Inc.
                         (a Development Stage Company)
            Statements of Changes in Stockholders' Equity (Deficit)


                                                     (Deficit)
                            Common Stock            Accumulated
                            ------------  Additional  During       Total
                                           Paid-in  Development Stockholders'
                          Shares   Amount  Capital     Stage      Equity
                         -------- -------- -------  ----------  ------------
March 1999
 Founders shares          165,000 $  1,650 $     -  $        -  $      1,650

April 1999
 Rule 504 offering
 issued for cash           29,500      295   5,605                     5,900

April 1999
 Rule 504 offering
 issued for services        2,500       25     475                       500

Net (loss)
 February 18, 1999
 (inception) to
 December31, 1999                                       (6,669)       (6,669)
                         -------- -------- -------  ----------  ------------

Balance, 12/31/99         197,000    1,970   6,080      (6,669)        1,381

Net (loss)
 January 1, 2000 to
 December 31, 2000                                      (1,381)       (1,381)
                         -------- -------- -------  ----------  ------------

Balance, 12/31/00         197,000    1,970   6,080      (8,050)            -

Net (loss)
 January 1, 2001 to
 December 31, 2001                                           -             -
                         -------- -------- -------  ----------  ------------

Balance, 12/31/01         197,000    1,970   6,080      (8,050)            -

March 2002
 Donated capital                               100                       100

Reclasification of
 paid-in capital                    (1,773)  1,773                         -

Net income (loss)
 For the year ended
 December 31, 2002                                       1,472         1,472
                         -------- -------- -------  ----------  ------------

Balance, 12/31/02         197,000 $    197 $ 7,953  $   (6,578) $      1,572
                         ======== ======== =======  ==========  ============



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


/16/


                            FreePCSQuote.com, Inc.
                         (a Development Stage Company)
                           Statements of Operations


                                    For the years ended   February 18, 1999
                                        December 31,        (Inception) to
                                    --------------------    December 31,
                                      2002        2001          2002
                                    --------    --------    ------------
Cash flows from operating
 activities
Net income (loss)                   $  1,472    $      -    $     (6,578)
  Shares issued for services               -           -             500
Adjustments to reconcile net
 income (loss) to net
 cash provided (used) by
 operating activities:
  (Increase) in accounts receivable   (1,020)          -          (1,200)
  (Increase) in undeposited funds          -           -               -
Net cash provided (used) by         --------    --------    ------------
 operating activities                    452           -          (7,098)
                                    --------    --------    ------------

Cash flows from financing
 activities
  Issuances of common stock                -           -           7,550
  Donated capital                        100           -             100
Net cash provided by financing      --------    --------    ------------
 activities                              100           -           7,650
                                    --------    --------    ------------

Net increase in cash                     552           -             552
Cash - beginning                           -           -               -
                                    --------    --------    ------------
Cash - ending                       $    552    $      -    $        552
                                    ========    ========    ============

Supplemental disclosures:
  Interest paid                     $      -    $      -    $          -
                                    ========    ========    ============
  Income taxes paid                 $      -    $      -    $          -
                                    ========    ========    ============

Non-cash transactions:
 Stock issued for services provided $      -    $      -    $        500
                                    ========    ========    ============
 Number of shares issued for services      -           -          25,000
                                    ========    ========    ============



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


/17/


                     FreePCSQuote.com, Inc.
                  (a Development Stage Company)
                              Notes

Note 1 - Summary of significant accounting policies

Organization
 The  Company  was  organized  on  February  18,  1999  (Date  of
 Inception)   under  the  laws  of  the  State  of   Nevada,   as
 FreePCSQuote.com, Inc.  The Company has minimal operations  and,
 in  accordance  with  SFAS  #7,  the  Company  is  considered  a
 development stage company.  The Company is authorized  to  issue
 20,000,000  shares  of  $0.001  par  value  common   stock   and
 5,000,000 shares of $0.001 par value preferred stock.

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

Cash and cash equivalents
 For  the  purpose  of the statements of cash flows,  all  highly
 liquid investments with an original maturity of three months  or
 less  are considered to be cash equivalents.  There are no  cash
 equivalents as of December 31, 2002 and 2001.

Revenue recognition
 The  Company  recognizes  revenue  as  earned  and  expenses  as
 incurred.

Advertising costs
 The  Company  expenses  all  costs of advertising  as  incurred.
 There  were $120 and $0 in advertising costs included in general
 and administrative expenses as of December 31, 2002 and 2001.

Fair value of financial instruments
 Fair  value  estimates discussed herein are based  upon  certain
 market  assumptions  and  pertinent  information  available   to
 management  as  of December 31, 2002 and 2001.   The  respective
 carrying    value   of   certain   on-balance-sheet    financial
 instruments  approximated their fair  values.   These  financial
 instruments   include  cash.   Fair  values  were   assumed   to
 approximate  carrying values for cash and payables because  they
 are  short term in nature and their carrying amounts approximate
 fair values or they are payable on demand.

Impairment of long lived assets
 Long lived assets held and used by the Company are reviewed  for
 possible  impairment  whenever events or circumstances  indicate
 the  carrying amount of an asset may not be recoverable  or  are
 impaired.    No   such  impairments  have  been  identified   by
 management at December 31, 2002 and 2001.

Reporting on the costs of start-up activities
 Statement  of Position 98-5 (SOP 98-5), "Reporting on the  Costs
 of   Start-Up  Activities,"  which  provides  guidance  on   the
 financial reporting of start-up costs and organizational  costs,
 requires  most  costs of start-up activities and  organizational
 costs  to  be  expensed as incurred.  SOP 98-5 is effective  for
 fiscal  years  beginning  after December  15,  1998.   With  the
 adoption of SOP 98-5, there has been little or no effect on  the
 Company's financial statements.

Earnings (Loss) per share
 Net  earning  (loss)  per share is provided in  accordance  with
 Statement of Financial Accounting Standards No. 128 (SFAS  #128)
 "Earnings  Per  Share".   Basic  earning  (loss)  per  share  is
 computed  by  dividing  earnings (losses)  available  to  common
 stockholders  by  the weighted average number of  common  shares
 outstanding  during  the period.  As of December  31,  2002  and
 2001,  the  Company  had no dilutive common  stock  equivalents,
 such as stock options or warrants.


/18/


                     FreePCSQuote.com, Inc.
                  (a Development Stage Company)
                              Notes

Dividends
 The Company has not yet adopted any policy regarding payment  of
 dividends.   No  dividends  have been  paid  or  declared  since
 inception.

Segment reporting
 The  Company follows Statement of Financial Accounting Standards
 No.  130,  "Disclosures  About Segments  of  an  Enterprise  and
 Related  Information."  The Company operates as a single segment
 and will evaluate additional segment disclosure requirements  as
 it expands its operations.

Income taxes
 The  Company follows Statement of Financial Accounting  Standard
 No.  109,  "Accounting for Income Taxes" ("SFAS  No.  109")  for
 recording  the provision for income taxes.  Deferred tax  assets
 and  liabilities are computed based upon the difference  between
 the  financial  statement and income tax  basis  of  assets  and
 liabilities using the enacted marginal tax rate applicable  when
 the  related  asset or liability is expected to be  realized  or
 settled.  Deferred income tax expenses or benefits are based  on
 the  changes  in  the  asset  or  liability  each  period.    If
 available  evidence  suggests that it is more  likely  than  not
 that some portion or all of the deferred tax assets will not  be
 realized,  a  valuation  allowance is  required  to  reduce  the
 deferred  tax assets to the amount that is more likely than  not
 to  be realized.  Future changes in such valuation allowance are
 included  in  the  provision for deferred income  taxes  in  the
 period of change.

 Deferred  income  taxes  may  arise from  temporary  differences
 resulting  from income and expense items reported for  financial
 accounting  and  tax  purposes in different  periods.   Deferred
 taxes  are  classified as current or non-current,  depending  on
 the  classification  of  assets and liabilities  to  which  they
 relate.  Deferred taxes arising from temporary differences  that
 are  not  related  to an asset or liability  are  classified  as
 current  or  non-current depending on the periods in  which  the
 temporary differences are expected to reverse.

Recent pronouncements
 In  July  2002,  the FASB issued SFAS No. 146,  "Accounting  for
 Costs  Associated  with  Exit  or  Disposal  Activities",  which
 addresses   financial   accounting  and  reporting   for   costs
 associated with exit or disposal activities and supersedes  EITF
 No.   94-3,   "Liability   Recognition  for   Certain   Employee
 Termination  Benefits  and  Other  Costs  to  Exit  an  Activity
 (including  Certain  Costs Incurred in a  Restructuring)."  SFAS
 No. 146 requires that a liability for a cost associated with  an
 exit  or  disposal activity be recognized when the liability  is
 incurred. Under EITF No. 94-3, a liability for an exit cost  was
 recognized  at  the date of an entity's commitment  to  an  exit
 plan.  SFAS  No. 146 also establishes that the liability  should
 initially   be  measured  and  recorded  at  fair   value.   The
 provisions of SFAS No. 146 will be adopted for exit or  disposal
 activities that are initiated after December 31, 2002.

 In  December 2002, the FASB issued SFAS No. 148, "Accounting for
 Stock-Based Compensation-Transition and Disclosure-an  amendment
 of   SFAS  No.  123."  This  Statement  amends  SFAS  No.   123,
 "Accounting   for   Stock-Based   Compensation",   to    provide
 alternative methods of transition for a voluntary change to  the
 fair  value based method of accounting for stock-based  employee
 compensation. In addition, this statement amends the  disclosure
 requirements  of  SFAS No. 123 to require prominent  disclosures
 in  both  annual  and  interim financial  statements  about  the
 method  of accounting for stock-based employee compensation  and
 the  effect of the method used on reported results. The adoption
 of  SFAS  No. 148 is not expected to have a material  impact  on
 the company's financial position or results of operations.


/19/


                     FreePCSQuote.com, Inc.
                  (a Development Stage Company)
                              Notes

 In  November  2002, the FASB issued FASB Interpretation  ("FIN")
 No.  45, "Guarantors Accounting and Disclosure Requirements  for
 Guarantees,  Including Indirect Guarantees and  Indebtedness  of
 Others",  an  interpretation of FIN  No.  5,  57  and  107,  and
 rescission of FIN No. 34, "Disclosure of Indirect Guarantees  of
 Indebtedness  of  Others". FIN 45 elaborates on the  disclosures
 to  be made by the guarantor in its interim and annual financial
 statements  about its obligations under certain guarantees  that
 it  has issued. It also requires that a guarantor recognize,  at
 the inception of a guarantee, a liability for the fair value  of
 the  obligation undertaken in issuing the guarantee. The initial
 recognition  and  measurement provisions of this  interpretation
 are  applicable on a prospective basis to guarantees  issued  or
 modified after December 31, 2002; while, the provisions  of  the
 disclosure  requirements are effective for financial  statements
 of  interim  or annual periods ending after December  15,  2002.
 The  company  believes that the adoption of such  interpretation
 will  not  have a material impact on its financial  position  or
 results of operations and will adopt such interpretation  during
 fiscal year 2003, as required.

 In  January 2003, the FASB issued FIN No. 46, "Consolidation  of
 Variable  Interest  Entities", an interpretation  of  Accounting
 Research  Bulletin  No.  51. FIN No. 46 requires  that  variable
 interest  entities be consolidated by a company if that  company
 is  subject to a majority of the risk of loss from the  variable
 interest  entity's  activities  or  is  entitled  to  receive  a
 majority  of the entity's residual returns or both. FIN  No.  46
 also  requires disclosures about variable interest entities that
 companies  are  not  required  to consolidate  but  in  which  a
 company  has  a significant variable interest. The consolidation
 requirements  of FIN No. 46 will apply immediately  to  variable
 interest   entities  created  after  January   31,   2003.   The
 consolidation  requirements will apply to  entities  established
 prior  to  January 31, 2003 in the first fiscal year or  interim
 period   beginning   after  June  15,   2003.   The   disclosure
 requirements  will  apply  in  all financial  statements  issued
 after  January  31, 2003. The company will begin  to  adopt  the
 provisions  of  FIN  No. 46 during the first quarter  of  fiscal
 2003.

Stock-Based Compensation
 The  Company  accounts for stock-based awards  to  employees  in
 accordance  with  Accounting Principles Board  Opinion  No.  25,
 "Accounting   for  Stock  Issued  to  Employees"   and   related
 interpretations and has adopted the disclosure-only  alternative
 of SFAS No. 123, "Accounting for Stock-Based Compensation."
 Options granted to consultants, independent representatives  and
 other  non-employees  are accounted for  using  the  fair  value
 method as prescribed by SFAS No. 123.

Year end
 The Company has adopted December 31 as its fiscal year end.

Note 2 - Going concern

The   Company's  financial  statements  are  prepared  using  the
generally  accepted accounting principles applicable to  a  going
concern,  which  contemplates  the  realization  of  assets   and
liquidation  of  liabilities in the normal  course  of  business.
However,  the  Company has just commenced its  planned  principal
operations and it has generated miminal revenues.  The Company is
dependent upon its ability to secure equity and/or debt financing
and  there are no assurances that the Company will be successful,
without sufficient financing it would be unlikely for the Company
to continue as a going concern.

The  officers  and  directors  are  involved  in  other  business
activities  and  may,  in the future, become  involved  in  other
business  opportunities.   If  a  specific  business  opportunity
becomes  available, such persons may face a conflict in selecting
between  the  Company  and their other business  interests.   The
Company  has not formulated a policy for the resolution  of  such
conflicts.


/20/


                     FreePCSQuote.com, Inc.
                  (a Development Stage Company)
                              Notes

Note 3 - Income taxes

The  Company  accounts  for  income  taxes  under  Statement   of
Financial  Accounting Standards No. 109, "Accounting  for  Income
Taxes"  ("SFAS  No. 109"), which requires use  of  the  liability
method.    SFAS  No.  109 provides that deferred tax  assets  and
liabilities are recorded based on the differences between the tax
bases  of  assets and liabilities and their carrying amounts  for
financial   reporting   purposes,  referred   to   as   temporary
differences.  Deferred tax assets and liabilities at the  end  of
each  period are determined using the currently enacted tax rates
applied  to  taxable income in the periods in which the  deferred
tax  assets  and  liabilities  are  expected  to  be  settled  or
realized.

Note 4 - Stockholders' equity

On  February 3, 2003, the Company effectuated a 1-for-10  reverse
stock split for all shareholders as of that date.  All share  and
per share amounts have been retroactively restated to reflect the
1-for-10 reverse stock split.

The  Company is authorized to issue 5,000,000 shares of it $0.001
par value preferred stock and 20,000,000 shares of its $0.001 par
value common stock.

On  March  12, 1999, the Company issued 1,650,000 shares  of  its
$0.001  par  value  common stock as founders' shares  to  several
individuals, entities, and officers and directors of the  Company
for total cash in the amount of $1,650.  Due to the reverse split
of 1-for-10, the number of shares has been retroactively restated
to 165,000.

On  April  5, 1999, the Company issued 295,000 of its $0.001  par
value  common stock for cash of $5,900 pursuant to a Rule 504  of
the  SEC 1933 Securities Act offering.  Due to the reverse  split
of 1-for-10, the number of shares has been retroactively restated
to 29,500.

On  April  5, 1999, the Company issued 25,000 of its  $0.001  par
value  common stock to a shareholder of the Company for corporate
consulting services valued at $500 pursuant to a Rule 504 of  the
SEC 1933 Securities Act offering. Due to the reverse split of  1-
for-10,  the number of shares has been retroactively restated  to
2,500.

On March 27, 2002, the president, director and shareholder of the
Company donated cash in the amount of $100.

There  have  been  no  other issuances  of  common  stock  and/or
preferred stock.

Note 5 - Warrants and options

As  of  December  31,  2002 and 2001, there are  no  warrants  or
options  outstanding to acquire any additional shares  of  common
stock and/or preferred stock.

Note 6 - Related party transactions

On  March  12,  1999, the Company issued 750,000  shares  of  its
$0.001  par  value  common  stock  as  founders'  shares  to   an
individual  who  is an officer and director of  the  Company  for
total cash in the amount of $750.  Due to the reverse split of 1-
for-10,  the number of shares has been retroactively restated  to
75,000.

On  April  5, 1999, the Company issued 25,000 of its  $0.001  par
value  common stock to a shareholder of the Company for corporate
consulting services valued at $500 pursuant to a Rule 504 of  the
SEC 1933 Securities Act offering.  Due to the reverse split of 1-
for-10,  the number of shares has been retroactively restated  to
2,500.


/21/


                     FreePCSQuote.com, Inc.
                  (a Development Stage Company)
                              Notes

The Company paid consulting services to an individual, who is  an
officer, director and shareholder of the Company in the amount of
$2,000 for the period ended December 31, 1999.

The  Company  paid  consulting services to an entity,  who  is  a
shareholder of the Company in the amount of $295 for  the  period
ended December 31, 1999.

In  May 2002, the Company agreed to rent computer equipment on  a
month-to-month  basis  from Fluid Spot, a company  owned  by  the
president of the Company.  The equipment rent for the year  ended
December 31, 2002 was $2,316.

Note 7 - Subsequent events

On  January 1, 2003, the Company executed an employment agreement
with its president.  The term is for a period of one year with  a
base  salary  of  $500,000.  On February 10,  2003,  the  Company
issued 2,500,000 post-split shares of its $0.001 par value common
stock in lieu of his salary for the entire year of 2002.

On  February 3, 2003, the Company effectuated a 1-for-10  reverse
stock split for all shareholders as of that date.


/22/


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

     We have had no disagreements with our independent
accountants.


                            PART III

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

     The name, age, position and date of appointment of the
Company's director(s) and executive officer(s) are as follows:

    Name        Age       Position(s)            Appointed
-------------   ---  ---------------------    ---------------
Eric Borgeson    27   President, Secretary,   February of 1999
                     Treasurer and Director

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

     Section 16(a) of the Securities Exchange Act of 1934
requires the Company's directors and executive officers, and
persons who own more than ten percent of a registered class of
the Company's equity securities, to file with the SEC initial
reports of ownership and reports of changes in ownership of
Common Stock and other equity securities of the Company.
Officers, directors and greater than ten-percent stockholders are
required by SEC regulations to furnish the Company with copies of
all Section 16(a) forms they file.  To the Company's knowledge,
based solely on review of the copies of such reports furnished to
the Company and written representations that no other reports
were required during the fiscal year ended December 31, 2002, its
officers, directors and greater than ten percent beneficial
owners complied with all Section 16(a) filing requirements.

ITEM 10. EXECUTIVE COMPENSATION.

     We do not currently have an employment agreement with our
executive officer.  Since inception, the sole executive officer
of the Company has drawn a total of $2,000 for compensation and
has decided to defer from drawing additional salary from the
Company until such time as the cash flows generated are
sufficient to meet this expense.  The Company does not currently
have an employee stock option plan.


/23/


                      SUMMARY COMPENSATION TABLE

                                ANNUAL  COMPENSATION    ALL OTHER
 NAME AND PRINCIPAL             SALARY      BONUS      COMPENSATION
      POSITION         YEAR      ($)         ($)            ($)
-------------------    ----     ------  ------------   ------------
Eric Borgeson,         2002       0           0              0
President              2001       0           0              0


Footnotes to Executive Compensation:
1. The Company's sole executive officer has drawn compensation
   from FreePCS totaling $2,000 over a four month span during the
   operating period from inception (February 18, 1999) to fiscal
   year end (December 31, 2001).  Mr. Borgeson has since elected to
   defer compensation until such time that the Company can prudently
   provide such cash outlays and the realization of significant
   revenues.
2. There were no arrangements, pursuant to which any director
   of the Company was compensated for the period from inception for
   any service provided as a director.  While the Company's only
   directors are its current executive officers who have and elected
   to defer drawing a salary for the management of the Company, it
   may be necessary for the Company to compensate newly appointed
   Directors in order to attract a quality governance team.  At this
   time the Company has not identified any specific individuals or
   candidates nor has it entered into any negotiations or activities
   in this regard.

                      EMPLOYMENT AGREEMENTS

     As of December 31, 2002 FPQT had no outstanding employment
agreement with our executive officer.

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

     The information required by this Item concerning the stock
ownership of management and five percent beneficial owners is
incorporated herein by reference to ITEM 5 of this document
entitled, "MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS".

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     Because of the development stage nature of the Company and
its relatively recent inception, February 18, 1999, the Company
has no relationships or transactions to disclose.  Corporate
Regultory Services, LLC was retained by FreePCSQuote.com, Inc.,
to prepare our initial Regulation D, Rule 504 offering document,
as well as to prepare our Form 211 Information statement and the
Form 10-SB Registration Statement.  In exchange, Corporate
Regultory Services, LLC, was paid a monetary sum along with
450,000 shares (pre-split) of common stock in the Company.


/24/


ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K.

(a)   Exhibits:

     A list of exhibits required to be filed as part of this
Annual Report is set forth in the Index to Exhibits, which
immediately precedes such exhibits and is incorporated herein by
reference.

(b)   Reports on Form 8-K

     We have not filed any reports on Form 8-K during the last
quarter of the period covered by this Report.


/25/


                           SIGNATURES

     In  accordance with the requirements of 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.


                     FREEPCSQUOTE.COM, INC.
-----------------------------------------------------------------
                           Registrant





Date:  April 16, 2003
   --------------------------





By: /s/ Eric Borgeson
   --------------------------
   Eric Borgeson
   President, Chief Executive Officer, and Director






     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 capacities and on
the dates indicated.

                  (Principal Executive Officer)


Date:  April 16, 2003
   --------------------------





By: /s/ Eric Borgeson
   --------------------------
   Eric Borgeson
   President, Chief Executive Officer, and Director


/26/


                        INDEX TO EXHIBITS

Exhibit        Name and/or Identification of Exhibit
Number
  3        Articles of Incorporation & By-Laws
             (a) Articles of Incorporation of the Company
             filed February 18, 1999.  Incorporated by
             reference to the exhibits to the Company's
             General Form For Registration Of Securities
             Of Small Business Issuers on Form 10-SB,
             previously filed with the Commission.
             (b) By-Laws of the Company adopted March 12,
             1999.  Incorporated by reference to the
             exhibits to the Company's General Form For
             Registration Of Securities Of Small Business
             Issuers on Form 10-SB, previously filed with
             the Commission.
 99.1      Certification under Section 906 of the Sarbanes-
           Oxley Act (18 U.S.C. SECTION 1350)


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