UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB


[xx]     ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
         OF 1934 FOR THE FISCAL YEAR ENDED MARCH 31, 2001

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____ TO ____


                        Commission file Number: 000-26683

                          TRIPACIFIC DEVELOPMENT CORP.
                 (Name of small business issuer in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   98-0204701
                     (I.R.S. Employer Identification Number)

                                   Suite 1500
                             885 West Georgia Street
                           Vancouver, British Columbia
                                     V6C 3E8
                    (Address of principal executive offices)

                                  (604)687-0717
                           (Issuer's telephone number)

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

Securities registered under Section 12(g) of the Exchange Act:

Title of Each Class                    Name of Each Exchange on which Registered
-------------------                    -----------------------------------------

Common Stock, $0.0001 par value        Not yet listed or quoted

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

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of Issuer'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. [ ]

The Issuer's revenues for its most recent fiscal year were $0.00.

<PAGE>

As of March 31, 2001, there were 500,000 shares of the Issuer's common stock
issued and outstanding and the aggregate market value of such common stock held
by non-affiliates (196,000 shares) was approximately $Nil as the Issuer's shares
are not yet traded on a public market.

Transitional Small Business Disclosure Format (Check one):  Yes ____; No __X__

                                     PART I
                                    BUSINESS

ITEM 1 - DESCRIPTION OF BUSINESS
--------------------------------

Tripacific Development Corp. (referred to as "us," "we" or "our") was
incorporated on July 18, 1997 under the laws of the State of Nevada to engage in
any lawful corporate purpose. Other than issuing shares to our shareholders, we
never commenced any other operational activities. We can be defined as a "blank
check" company, whose sole purpose at this time is to locate and consummate a
merger or acquisition with a private entity.

The proposed business activities classifies us as a "blank check" company. The
Securities and Exchange Commission defines these companies as "any development
stage company that is issuing a penny stock (within the meaning of section 3
(a)(51) of the Securities Exchange Act of 1934) and that has no specific
business plan or purpose, or has indicated that its business plan is to merge
with an unidentified company or companies." Many states have enacted statutes,
rules and regulations limiting the sale of securities of "blank check" companies
in their respective jurisdictions. Management does not intend to undertake any
efforts to cause a market to develop in our securities, either debt or equity,
until we have successfully implemented our business plan. We comply with the
periodic reporting requirements of the Securities Exchange Act of 1934.

ITEM 2 - DESCRIPTION OF PROPERTY
--------------------------------

The Issuer operates from its offices at Suite 1500, 885 West Georgia Street,
Vancouver, British Columbia, V6C 3E8, Canada. Space is provided to the Issuer on
a rent free basis by Mr. Jason John, a director of the Issuer, and it is
anticipated that this arrangement will remain until we successfully consummate a
merger or acquisition. Management believes that this space will meet our needs
for the foreseeable future. The Issuer owns no real property.

ITEM 3 - LEGAL PROCEEDINGS
--------------------------

The Issuer is not a party to any pending or threatened legal proceedings.

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

No matters were submitted to a vote of security holders during the fourth
quarter of the fiscal year-ended March 31, 2001.

The Issuer's 2001 annual general meeting is scheduled to be held on August 1,
2001 at Suite 1000, 409 Granville Street, Vancouver, British Columbia at 10:00
a.m. The Issuer's security holders will be requested to elect new directors, to
appoint the Issuer's auditors for the 2001/2002 fiscal year and to ratify all
actions taken by the officers and directors of the Issuer the preceding year. No
other business is expected to be brought before the Issuer's shareholders at the
2001 annual general meeting. The Issuer's notice of annual general meeting,
Schedule 14A proxy statement and proxy are being filed separately and are
incorporated herein by reference.

                                       2
<PAGE>

                                     PART II

ITEM 5 - MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
-----------------------------------------------------------------

         (A)      Market Information

                  No public market currently exists for the Issuer's shares.

         (B)      Stockholders

                  The Issuer has 10 holders of record of its common shares.

                  No dividends have been declared on the Issuer's common shares.
                  There are no restrictions that limit the ability to pay
                  dividends on the Issuer's common shares.

ITEM 6 - PLAN OF OPERATION
--------------------------

(A)      PLAN OF OPERATION

We seek to acquire assets or shares of a business that generates revenues, in
exchange for its securities. We have not identified a particular acquisition
target and have not entered into any negotiations regarding an acquisition. None
of our officers, directors, promoters or affiliates have engaged in any
preliminary contact or discussions with any representative of any other company
regarding the possibility of an acquisition or merger with us as of the date of
this filing.

Depending upon the nature of the relevant business opportunity and the
applicable state statutes governing how the transaction is structured, the
Issuer's Board of Directors expects that it will provide our shareholders with
complete disclosure documentation concerning a potential business opportunity
and the structure of the proposed business combination prior to consummation.
Disclosure is expected to be in the form of a proxy or information statement.

We will remain a shell corporation until a merger or acquisition candidate is
identified. It is anticipated that our cash requirements will be minimal, and
that all necessary capital, to the extent required, will be provided by the
directors or officers. We do not anticipate that we will have to raise capital
in the next twelve months. We also do not expect to acquire any plant or
significant equipment.

We have not, and do not intend to enter into, any arrangement, agreement or
understanding with non-management shareholders allowing non-management
shareholders to directly or indirectly participate in or influence our
management of the Issuer. Management currently holds 60.8% of our stock. As a
result, management is in a position to elect a majority of the directors and to
control our affairs.

We have no full time employees. Our President and Secretary has agreed to
allocate a portion of his time to our activities, without compensation. This
officer anticipates that our business plan can be implemented by his devoting
approximately five (5) hours each per month to our business affairs and,
consequently, conflicts of interest may arise with respect to their limited time
commitment. We do not expect any significant changes in the number of employees.

(B)      MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

We have been a blank check company since incorporation and have no revenue.

                                       3
<PAGE>

Our purpose is to acquire an interest in business opportunities presented by
persons or firms that seek the perceived advantages of an Exchange Act
registered corporation. We will not restrict our search to any specific
business, industry, or geographical location and we may participate in a
business venture of virtually any kind or nature. This discussion of the
proposed business is general and is not meant to restrict our discretion to
search for and enter into potential business opportunities. Management
anticipates that it may be able to participate in only one potential business
venture because we have nominal assets and limited financial resources. This
lack of diversification should be considered a substantial risk to our
shareholders.

We may seek a business opportunity with companies that have recently commenced
operations, or that wish to utilize the public marketplace in order to raise
additional capital in order to expand into new products or markets, to develop a
new product or service, or for other corporate purposes. We may acquire assets
and establish wholly owned subsidiaries in various businesses or acquire
existing businesses as subsidiaries.

We anticipate that the selection of a business opportunity will be complex and
extremely risky. Due to general economic conditions, rapid technological
advances being made in some industries and shortages of available capital,
management believes that there are numerous firms seeking the perceived benefits
of a publicly registered corporation. The perceived benefits may include
facilitating or improving the terms for additional equity financing that may be
sought, providing liquidity for incentive stock options or similar benefits to
key employees, providing liquidity (subject to restrictions of applicable
statutes) for all shareholders and other factors. Business opportunities may
occur in many different industries and at various stages of development, all of
which will make the task of comparative investigation and analysis of these
business opportunities extremely difficult and complex.

We have, and will continue to have, no capital to provide to the owners of
business opportunities. However, management believes we will be able to offer
owners of acquisition candidates the opportunity to acquire a controlling
ownership interest in a publicly registered company without incurring the cost
and time required to conduct an initial public offering. The owners of the
business opportunities will, however, incur significant legal and accounting
costs in connection with acquisition of a business opportunity, including the
costs of preparing Form 8-K's, 10-K's or 10-KSBs, 10-Q's or 10-QSBs, agreements
and related reports and documents. The '34 Act specifically requires that any
merger or acquisition candidate comply with all applicable reporting
requirements, which include providing audited financial statements to be
included within the numerous filings relevant to complying with the '34 Act.
Nevertheless, the officers and directors of the Issuer have not conducted market
research and are not aware of statistical data that would support the perceived
benefits of a merger or acquisition transaction for the owners of a business
opportunity.

The analysis of new business opportunities will be undertaken by our officers
and directors, none of whom is a professional business analyst. Management
intends to concentrate on identifying preliminary prospective business
opportunities that may be brought to our attention through present associations
of our officers and directors, or by our shareholders. In analyzing prospective
business opportunities, management will consider:

         *        the available technical, financial and managerial resources;
         *        working capital and other financial requirements;
         *        history of operations, if any;
         *        prospects for the future;
         *        nature of present and expected competition;
         *        the quality and experience of management services that may be
                  available and the depth of that management;
         *        the potential for further research, development, or
                  exploration;

                                       4
<PAGE>


         *        specific risk factors not now foreseeable but which could be
                  anticipated to impact our proposed activities;
         *        the potential for growth or expansion;
         *        the potential for profit;
         *        the perceived public recognition of acceptance of products,
                  services, or trades;
         *        name identification; and
         *        other relevant factors.

Our officers and directors expect to meet personally with management and key
personnel of the business opportunity as part of their "due diligence"
investigation. To the extent possible, the Issuer intends to utilize written
reports and personal investigations to evaluate businesses. We will not acquire
or merge with any company that cannot provide audited financial statements
within a reasonable period of time after closing of the proposed transaction.

Our management will rely upon their own efforts and, to a much lesser extent,
the efforts of our shareholders, in accomplishing our business purposes. We do
not anticipate that any outside consultants or advisors, except for our legal
counsel and accountants, will be utilized by us to accomplish our business
purposes. However, if we do retain an outside consultant or advisor, any cash
fee will be paid by the prospective merger/acquisition candidate, as we have no
cash assets. We have no contracts or agreements with any outside consultants and
none are contemplated.

We will not restrict our search for any specific kind of firms, and may acquire
a venture that is in its preliminary or development stage or is already
operating. We cannot predict the status of any business in which we may become
engaged, because the business may need to seek additional capital, may desire to
have its shares publicly traded, or may seek other perceived advantages that we
may offer. Furthermore, we do not intend to seek capital to finance the
operation of any acquired business opportunity until we have successfully
consummated a merger or acquisition.

We anticipate that we will incur nominal expenses in the implementation of our
business plan. Because we have no capital to pay these anticipated expenses,
present management will pay these charges with their personal funds, as interest
free loans, for a minimum of twelve months from the date of this registration
statement. If additional funding is necessary, management and or shareholders
will continue to provide capital or arrange for additional outside funding.
However, the only opportunity that management has to have these loans repaid
will be from a prospective merger or acquisition candidate. Management has no
agreements with us that would impede or prevent consummation of a proposed
transaction. We cannot assure, however, that management will continue to provide
capital indefinitely if a merger candidate cannot be found. If a merger
candidate cannot be found in a reasonable period of time, management may be
required reconsider its business strategy, which could result in our
dissolution.

Acquisition of Opportunities
----------------------------

In implementing a structure for a particular business acquisition, we may become
a party to a merger, consolidation, reorganization, joint venture, or licensing
agreement with another corporation or entity. We may also acquire stock or
assets of an existing business. On the consummation of a transaction, it is
probable that our present management and shareholders will no longer be in
control. In addition, our directors may, as part of the terms of the acquisition
transaction, resign and be replaced by new directors without a vote of our
shareholders. Furthermore, management may negotiate or consent to the purchase
of all or a portion of our stock. Any terms of sale of the shares presently held
by officers and/or directors will be also afforded to all other shareholders on
similar terms and conditions. Any and all sales will only be made in compliance
with the securities laws of the United States and any applicable state.

                                       5
<PAGE>


While the actual terms of a future transaction cannot be predicted, it is
expected that the parties to the business transaction will find it desirable to
avoid the creation of a taxable event and thereby structure the acquisition in a
so-called "tax-free" reorganization under Sections 368(a)(1) or 351 of the
Internal Revenue Code (the "Code"). In order to obtain tax-free treatment under
the Code, it may be necessary for the owners of the acquired business to own 80%
or more of the voting stock of the surviving entity. In that event, the
shareholders of the Issuer would retain 20% or less of the issued and
outstanding shares of the surviving entity, which would result in significant
dilution in the equity of the shareholders.

As part of the "due diligence" investigation, our officers and directors will
meet personally with management and key personnel, may visit and inspect
material facilities, obtain independent verification of certain information
provided, check references of management and key personnel, and take other
reasonable investigative measures to the extent of our limited financial
resources and management expertise. How we will participate in an opportunity
will depend on the nature of the opportunity, the respective needs and desires
of the parties, the management of the target company and our relative
negotiation strength.

Negotiations with target company management are expected to focus on the
percentage of our company that the target company shareholders would acquire in
exchange for all of their shareholdings in the target company. Depending upon
the target company's assets and liabilities, our shareholders will probably hold
a substantially lesser percentage ownership interest following any merger or
acquisition. Percentage ownership may be subject to significant reduction in the
event we acquire a company with substantial assets. Any merger or acquisition
effected by us can be expected to have a significant dilutive effect on the
percentage of shares held by our remaining shareholders.

We will participate in a business opportunity only after the negotiation and
signing of appropriate written agreements. Although we cannot predict the terms
of the agreements, generally the agreements will require some specific
representations and warranties by all of the parties, will specify certain
events of default, will detail the terms of closing and the conditions that must
be satisfied by each of the parties before and after the closing.

We will not acquire or merge with any entity that cannot provide independent
audited financial statements concurrent with the closing of the proposed
transaction. We are subject to the reporting requirements of the '34 Act.
Included in these requirements is our affirmative duty to file independent
audited financial statements as part of its Form 8-K to be filed with the
Securities and Exchange Commission upon consummation of a merger or acquisition,
as well as our audited financial statements included in our annual report on
Form 10-K (or 10-KSB, as applicable) and quarterly reports on Form 10-Q (or
10-QSB, as applicable). If the audited financial statements are not available at
closing, or if the audited financial statements provided do not conform to the
representations made by the candidate to be acquired in the closing documents,
the closing documents will provide that the proposed transaction will be
voidable at the discretion of our present management. If the transaction is
voided, the agreement will also contain a provision providing for the
acquisition entity to reimburse us for all costs associated with the proposed
transaction.

Competition
-----------

We are an insignificant participant among the firms that engage in the
acquisition of business opportunities. There are many established venture
capital and financial concerns that have significantly greater financial and
personnel resources and technical expertise than we do. In view of our extremely
limited financial resources and limited management availability we will continue
to be at a significant competitive disadvantage compared to our competitors.

ITEM 7 - FINANCIAL STATEMENTS
-----------------------------

                                       6
<PAGE>

The audited financial statements for Tripacific Development Corp. for the year
ending March 31, 2001 are included as part of this Form 10KSB following the
signature page of this Form 10KSB.

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

The Issuer has had no change in its principal independent accountant during its
last financial year ended March 31, 2001. The Issuer has had no disagreements
with its principal independent accountant on any accounting or financial
disclosure.

                                    PART III

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

The following table sets forth the names and ages of the current directors,
executive officers and key employees of the Issuer and the principal offices and
positions with the Issuer held by each person. The Board of Directors currently
consists of one director.

NAME                         AGE               POSITION
----                         ---               --------

Jason John                   32                President, Secretary and Director

The above listed officers and directors will serve until the next annual meeting
of the shareholders or until their death, resignation, retirement, removal or
disqualification or until their successors have been duly elected and qualified.
Vacancies in the existing Board of Director are filled by majority vote of the
remaining directors. Officers of the Issuer serve at the will of the Board of
Directors. There are no family relationships between any execute officer or
director of the Issuer.

Mr. Jason John was appointed to his positions on October 4, 1999. He devotes his
time as necessary to our business, which time is expected to be nominal.

Prior to joining the Issuer, Mr. John was employed by the Shaftsbury Brewing
Company where he was involved in product promotion and marketing. Prior to
working with the Shaftsbury Brewing Company Mr. John was employed at Gray
Beverage as an account manager and merchandiser. While employed by Gray Beverage
Mr. John was responsible for implementing many new operational systems which
resulted in an increase in the Issuer's efficiency in many areas. Currently, Mr.
John is employed at Ensign Drilling. Ensign Drilling is a leading company in oil
and gas exploration in Canada.

Mr. John also holds the following positions:

1.   Sole Director, President and Secretary of Eastern Management Corp.

2.   Sole Director, President and Secretary of Triwest Management Resources
     Corporation

SIGNIFICANT EMPLOYEES

The Issuer has one employee. Mr. Jason John is the President, Secretary and
Treasurer of the Issuer. Mr. John devotes his time as necessary to our business,
which time is expected to be nominal.

There are no family relationships among the directors, executive officer or
persons nominated or chosen by the Issuer to become directors or executive
officers.

                                       7
<PAGE>

No bankruptcy petition has been filed by or against any business of which Jason
John is a general partner or executive officer either at the time of the
bankruptcy or within two years prior to that time.

Jason John has never been convicted in a criminal proceeding and is not subject
to a pending criminal proceeding.

Jason John has never been subject to any order, judgment or decree, not
subsequently reversed, suspended or vacated of any court of competent
jurisdiction, permanently or temporarily enjoining, barring, suspending or
otherwise limiting their involvement in any type of business, securities or
banking activities.

Jason John has never been found by a court of competent jurisdiction (in a civil
action), the Commission or the Commodity Futures Trading Commission to have
violated a federal or state securities or commodities law.

COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

Based on the Issuer's review of copies of forms filed with the Securities and
Exchange Commission or written representations from certain reporting persons,
in compliance with Section 16(a) of the Securities Exchange Act of 1934, the
Issuer believes that during fiscal year 2001, all officers, directors and
greater than ten percent beneficial owners complied with the applicable filing
requirements.

ITEM 10 - EXECUTIVE COMPENSATION
--------------------------------

None of our officers and/or directors have received any compensation. They all
have agreed to act without compensation until authorized by the Board of
Directors, which is not expected to occur until we have generated revenues from
operations. As of the date of this registration statement, we have no funds
available to pay directors. Further, none of the directors are accruing any
compensation pursuant to any agreement with us.

It is possible that, after we successfully complete a merger or acquisition,
that company may employ or retain one or more members of our management for the
purposes of providing services to the surviving entity. Each member of
management has agreed to disclose to the Board of Directors any discussions
concerning possible employment by any entity that proposes to undertake a
transaction with us and further, to abstain from voting on the transaction.
Therefore, as a practical matter, if each member of the Board of Directors is
offered employment in any form from any prospective merger or acquisition
candidate, the proposed transaction will not be approved by the Board of
Directors as a result of the inability of the Board to affirmatively approve the
transaction. The transaction would then be presented to our shareholders for
approval.

It is possible that persons associated with management may refer a prospective
merger or acquisition candidate to us. In the event we complete a transaction
with any entity referred by associates of management, it is possible that the
associate will be compensated for their referral in the form of a finder's fee.
It is anticipated that this fee will be either in the form of restricted common
stock issued by us as part of the terms of the proposed transaction, or will be
in the form of cash consideration. If compensation is in the form of cash,
payment will be tendered by the acquisition or merger candidate, because we have
insufficient cash available. The amount of any finder's fee cannot be determined
as of the date of this registration statement, but is expected to be comparable
to consideration normally paid in like transactions, which range up to ten (10%)
percent of the transaction price. No member of management will receive any
finders fee, either directly or indirectly, as a result of their efforts to
implement our business plan.

                                       8
<PAGE>

No retirement, pension, profit sharing, stock option or insurance programs have
been adopted by the Issuer's for the benefit of its employees.

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

The following table sets forth the number of shares of the Issuer's Common Stock
beneficially owned by (i) each director and nominee for election to the Board of
Directors of the Issuer; (ii) each of the named executive officers in the
Summary Compensation Table; (iii) all directors and executive officers as a
group; and (iv) to the best of the Issuer's knowledge, all beneficial owners of
more than 5% of the outstanding shares of the Issuer's Common Stock as of March
31, 2001. Unless otherwise indicated, the shareholders listed in the table have
sole voting and investment power with respect to the shares indicated. The
Issuer has been provided such information by its directors, nominees for
directors and executive officers.

NAME (AND ADDRESS OF 5% HOLDER) OR   COMMON SHARES BENEFICIALLY     PERCENT
IDENTITY OF GROUP                    OWNED (1)                      OF CLASS (2)

Devinder Randhawa
Suite 104                                  152,000                  30.4%
1456 St. Paul Street,
Kelowna, B.C.
V1Y 2E6

Bob Hemmerling
1908 Horizon Drive                         152,000                  30.4%
Kelowna, B.C.
V1Z 3L3

(1)      Under the rules of the Securities and Exchange Commission, shares not
         actually outstanding are nevertheless deemed to be beneficially owned
         by a person if such person has the right to acquire the shares within
         60 days. Pursuant to such SEC rules, shares deemed beneficially owned
         by virtue of a person's right to acquire them are also treated as
         outstanding when calculating the percent of class owned by such person
         and when determining the percentage owned by a group.

(2)      Based on 500,000 shares of Common Stock issued and outstanding as of
         March 31, 2001.

There are no arrangements in place which may result in a change of control of
the Issuer.

ITEM 12 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
--------------------------------------------------------

There have been no related party transactions, or any other transactions or
relationships required to be disclosed pursuant to Item 404 of Regulation S-B.

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

(A)      Exhibits

EXHIBIT
NUMBER          DESCRIPTION

3.1             Articles of Incorporation filed July 18, 1997, and amendments
                thereto filed June 14, 1999, as filed with the Issuer's Form
                10-SB (file no. 000-26683) filed on July 13, 1999 incorporated
                herein by reference.

3.3             Bylaws as filed with the Issuer's Form 10-SB (file no.
                000-26683) on July 13, 1999 incorporated herein by reference.

                                       9
<PAGE>


4.1             Form of Lock Up Agreement Executed by the Issuer's Shareholders
                as filed with the Issuer's Form 10-SB (file no.000-26683) filed
                on July 13, 1999, incorporated herein by reference.

4.1.1           Specimen Informational Statement as filed with the Issuer's Form
                10-SB (file no.000-26683) filed on July 13, 1999, incorporated
                herein by reference.

13.1            Form 10QSB for the Period ended June 30, 2000, filed on August
                14, 2000, incorporated herein by reference.

13.2            Form 10QSB for the Period ended September 30, 2000, filed on
                November 13, 2000, incorporated herein by reference.

13.3            Form 10QSB for the Period ended December 31, 2000, filed on
                February 14, 2001, incorporated herein by reference.

23.1            Consent of Davidson & Company as filed with the Issuer's Form
                SB2-Prospectus on June 7, 2000, incorporated herein by
                reference.

23.2            Consent of Evers & Hendrickson as filed with the Issuer's Form
                SB2-Prospectus on June 7, 2000, incorporated herein by
                reference.

99              Form SB-2/A Prospectus filed on February 7, 2001, incorporated
                herein by reference.

(B)      Reports on Form 8-K

No reports on Form 8-K were filed during the last quarter of the fiscal year
ended March 31, 2001.

                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the Issuer caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.

                                     TRIPACIFIC DEVELOPMENT CORP.


Dated:  June 28, 2001                Per:     /s/ Jason John
                                              ----------------------------------
                                              Jason John, President and Director



<PAGE>





                       TRIPACIFIC DEVELOPMENT CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)


                              FINANCIAL STATEMENTS


                                 MARCH 31, 2001




<PAGE>



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<S>                    <C>                            <C>
 DAVIDSON & COMPANY     Chartered Accountants          A Partnership of Incorporated Professionals
                   -----                      ----------------------------------------------------
</TABLE>



                          INDEPENDENT AUDITORS' REPORT




To the Directors and Stockholders of
Tripacific Development Corporation
 (A Development Stage Company)


We have audited the accompanying balance sheets of Tripacific Development
Corporation as at March 31, 2001 and 2000 and the related statements of
operations, stockholders' equity and cash flows for the years then ended and for
the period from inception on July 18, 1997 to March 31, 2001. 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 audits.

We conducted our audits in accordance with generally accepted auditing standards
in the United States of America. Those standards require that we plan and
perform an 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
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.

The accompanying financial statements have been prepared assuming that
Tripacific Development Corporation will continue as a going concern. The Company
is in the development stage and does not have the necessary working capital for
its planned activity which raises substantial doubt about its ability to
continue as a going concern. Management's plans in regards to these matters are
discussed in Note 2. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

In our opinion, the financial statements present fairly, in all material
respects, the financial position of Tripacific Development Corporation as at
March 31, 2001 and 2000 and the results of its operations and its cash flows for
the years then ended and for the period from inception on July 18, 1997 to March
31, 2001 in conformity with generally accepted accounting principles in the
United States of America.



                                                            "DAVIDSON & COMPANY"


Vancouver, Canada                                          Chartered Accountants

June 21, 2001
                          A Member of SC INTERNATIONAL
                          ----------------------------

        Suite 1200, Stock Exchange Tower, 609 Granville Street, P.O. Box
                  10372, Pacific Centre, Vancouver, BC, Canada,
                                     V7Y 1G6
                   TELEPHONE (604) 687-0947 FAX (604) 687-6172

<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
BALANCE SHEETS
AS AT MARCH 31

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===============================================================================================================================

                                                                                                         2001            2000
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                           <C>              <C>


ASSETS                                                                                         $           -   $           -
===============================================================================================================================



LIABILITIES AND STOCKHOLDERS' EQUITY


ACCOUNTS PAYABLE AND ACCRUED LIABILITIES                                                       $       13,172  $           -
                                                                                               --------------  -------------


STOCKHOLDERS' EQUITY
    Capital stock (Note 4)
       Authorized
          100,000,000 common shares with a par value of $0.0001
       Issued and outstanding
         March 31, 2000 - 500,000 common shares
         March 31, 2001 - 500,000 common shares                                                            50               50
    Additional paid-in capital                                                                         12,105            3,491
    Deficit accumulated during the development stage                                                  (25,327)          (3,541)
                                                                                               --------------  ---------------

                                                                                                      (13,172)             -
                                                                                               --------------  -------------

Total liabilities and stockholders' equity                                                     $           -   $            -
===============================================================================================================================
</TABLE>


On Behalf of the Board:


/s/Jason John
---------------------------
Jason John, Director






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



<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>

===============================================================================================================================

                                                                                 Cumulative
                                                                                    Amounts
                                                                            From Inception
                                                                                on July 18,
                                                                                   1997  to       Year Ended        Year Ended
                                                                                  March 31,        March 31,         March 31,
                                                                                       2001             2001              2000
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                        <C>               <C>              <C>


EXPENSES
    Office and miscellaneous                                               $           763   $           713  $            -
    Professional fees                                                               23,364            19,873            3,491
    Transfer agent and filing fees                                                   1,200             1,200               -
                                                                           ---------------   ---------------  --------------


LOSS FOR THE PERIOD                                                        $       (25,327)  $       (21,786) $        (3,491)
===============================================================================================================================


BASIC AND DILUTED LOSS PER SHARE                                                             $         (0.04) $         (0.01)
===============================================================================================================================


WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING                                                        500,000          500,000
===============================================================================================================================
</TABLE>







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



<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
================================================================================================================================

                                                                                 Cumulative
                                                                                    Amounts
                                                                            From Inception
                                                                                on July 18,
                                                                                    1997 to       Year Ended        Year Ended
                                                                                  March 31,        March 31,         March 31,
                                                                                       2001             2001              2000
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                        <C>               <C>              <C>


CASH FLOWS FROM OPERATING ACTIVITIES
    Loss for the period                                                    $       (25,327)  $       (21,786) $        (3,491)
    Items not affecting cash:
       Stock issued for services                                                        50                -                -
       Expenses paid by related parties on behalf of the Company                    12,105             8,614            3,491

    Change in non-cash operating assets and liabilities
       Increase in accounts payable                                                 13,172            13,172               -
                                                                           ---------------   ---------------  --------------

    Net cash used in operating activities                                               -                 -                -
                                                                           ---------------   ---------------  --------------


CASH FLOWS FROM INVESTING ACTIVITIES
    Net cash used in investing activities                                               -                 -                -
                                                                           ---------------   ---------------  --------------


CASH FLOWS FROM FINANCING ACTIVITIES
    Net cash provided by financing activities                                           -                 -                -
                                                                           ---------------   ---------------  --------------


CHANGE IN CASH POSITION DURING THE PERIOD                                               -                                  -


CASH POSITION, BEGINNING OF THE PERIOD                                                  -                                  -
                                                                           ---------------   ---------------  --------------


CASH POSITION, END OF THE PERIOD                                           $            -    $                $            -
===============================================================================================================================


SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS:
    Cash paid for income taxes                                             $            -    $                $            -
    Cash paid for interest                                                              -                                  -
===============================================================================================================================


SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING
  AND FINANCING ACTIVITIES:
    Common shares issued for services                                      $            50   $            -   $            -
    Expenses paid by related party on behalf of the Company                         12,105             8,614            3,491
===============================================================================================================================
</TABLE>


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



<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>
==============================================================================================================================

                                                                                                     Deficit
                                                                                                 Accumulated
                                                     Common Stock                                     During
                                           ---------------------------------     Additional              the            Total
                                                                                    Paid-in      Development    Stockholders'
                                                    Shares           Amount         Capital            Stage           Equity
------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>       <C>              <C>             <C>              <C>


BALANCE, JULY 18, 1997                                 -    $           -    $           -   $           -    $           -

    Capital stock issued for services             500,000               50               -               -                50

    Loss for the period                                -                -                -              (50)             (50)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 1998 AND 1999                  500,000               50               -              (50)              -

    Shareholder capital contribution                   -                -             3,491              -             3,491

    Loss for the year                                  -                -                -           (3,491)          (3,491)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 2000                           500,000               50            3,491          (3,541)              -

    Shares capital contribution                        -                -             8,614              -             8,614

    Loss for the year                                  -                -                -          (21,786)         (21,786)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 2001                           500,000   $           50   $       12,105  $      (25,327)  $      (13,172)
==============================================================================================================================
</TABLE>











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



<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
MARCH 31, 2001

================================================================================


1.       ORGANIZATION OF THE COMPANY

         Tripacific Development Corporation ("the Company") was incorporated on
         July 18, 1997 under the laws of Nevada to engage in any lawful business
         or activity for which corporations may be organized under the laws of
         the State of Nevada.

         The Company entered the development stage in accordance with Statement
         of Financial Accounting Standards No. 7 on July 18, 1997. Its purpose
         is to evaluate, structure and complete a merger with, or acquire a
         privately owned corporation. The Company is a "Blank Check" company
         which plans to search for a suitable business to merge with or acquire.
         Operations since incorporation consisted primarily of obtaining capital
         contributions by the initial investors and activities regarding the
         registration of the offering with the Securities and Exchange
         Commission.


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 no current
         source of revenue. Without realization of additional capital, it would
         be unlikely for the Company to continue as a going concern. The
         Company's management plans on advancing funds on an as needed basis and
         in the longer term, revenues from the operations of the merger or
         acquisition candidate, if found. The Company's ability to continue as a
         going concern is dependent on these additional management advances,
         and, ultimately, upon achieving profitable operations through a merger
         or acquisition candidate.


3.       SIGNIFICANT ACCOUNTING POLICIES

         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 amount of assets and
         liabilities and the disclosure of contingent assets and liabilities at
         the date of the financial statements and the reported amount of
         revenues and expenses during the year. Actual results could differ from
         these estimates.

         LOSS PER SHARE

         Earnings per share are provided in accordance with Statement of
         Financial Accounting Standards No. 128, "Earnings Per Share". Due to
         the Company's simple capital structure, with only common stock
         outstanding, only basic loss per share must be presented. Basic loss
         per share is computed by dividing losses available to common
         shareholders by the weighted average number of common shares
         outstanding during the year.

         INCOME TAXES

         Income taxes are provided in accordance with Statement of Financial
         Accounting Standards No. 109 ("SFAS 109"), "Accounting for Income
         Taxes". A deferred tax asset or liability is recorded for all temporary
         differences between financial and tax reporting and net operating loss
         carryforwards. Deferred tax expenses (benefit) result from the net
         change during the year of deferred tax assets and liabilities.


<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
MARCH 31, 2001

================================================================================

3.       SIGNIFICANT ACCOUNTING POLICIES (cont'd.....)

         INCOME TAXES (cont'd...)

         Deferred tax assets are reduced by a valuation allowance when, in the
         opinion of management, it is more likely than not that some portion or
         all of the deferred tax assets will not be realized. Deferred tax
         assets and liabilities are adjusted for the effects of changes in tax
         laws and rates on the date of enactment.

         FINANCIAL INSTRUMENTS

         The Company's financial instruments consist of accounts payable. Unless
         otherwise noted, it is management's opinion that the Company is not
         exposed to significant interest, currency or credit risks arising from
         these financial instruments. The fair value of these financial
         instruments approximate their carrying values, unless otherwise noted.

         COMPREHENSIVE INCOME

         The Company has adopted Statement of Financial Accounting Standards No.
         130 ("SFAS 130"), "Reporting Comprehensive Income". This statement
         establishes rules for the reporting of comprehensive income and its
         components. The adoption of SFAS 130 had no impact on total
         stockholders' equity as of March 31, 2001.

         ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         In June 1998, the FASB issued SFAS No. 133 "Accounting for Derivative
         Instruments and Hedging Activities" which establishes accounting and
         reporting standards for derivative instruments and for hedging
         activities. SFAS 133 is effective for all fiscal quarters of fiscal
         years beginning after June 15, 1999. In June 1999, the FASB issued SFAS
         137 to defer the effective date of SFAS 133 to fiscal quarters of
         fiscal years beginning after June 15, 1999. In June 2000, the FASB
         issued SFAS No. 138, which is a significant amendment to SFAS 133. The
         Company does not anticipate that the adoption of these statements will
         have a significant impact on its financial statements.

         STOCK-BASED COMPENSATION

         Statement of Financial Accounting Standards No. 123, "Accounting for
         Stock-Based Compensation," encourages, but does not require, companies
         to record compensation cost for stock-based employee compensation plans
         at fair value. The Company has chosen to account for stock-based
         compensation using Accounting Principles Board Opinion No. 25,
         "Accounting for Stock Issued to Employees." Accordingly compensation
         cost for stock options is measured as the excess, if any, of the quoted
         market price of the Company's stock at the date of the grant over the
         amount an employee is required to pay for the stock.


4.       CAPITAL STOCK

         The Company's authorized capital stock consists of 100,000,000 shares
         of common stock, with a par value of $0.0001 per share. All shares of
         common stock have equal voting rights and, when validly issued and
         outstanding, are entitled to one vote per share in all matters to be
         voted upon by shareholders. The shares of common stock have no
         pre-emptive, subscription, conversion or redemption rights and may be
         issued only as fully paid and non-assessable shares. Holders of the
         common stock are entitled to share pro-rata in dividends and
         distributions with respect to the common stock, as may be declared by
         the Board of Directors out of funds legally available.

<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
MARCH 31, 2001

================================================================================


4.       CAPITAL STOCK (cont'd...)

         On July 18, 1997, the Company issued 500,000 shares of common stock for
         services at a deemed value of $50.

         On October 15, 1999, the Company implemented a 31:1 forward stock
         split. Subsequent to year end, on April 3, 2000, the Company reversed
         the previous 31:1 forward stock split.

         Proposed public offering of common stock

         The Company has commenced with a "Blank Check" offering subject to Rule
         419 of the Securities Act of 1933, as amended, for 100,000 common
         shares to be sold at a price of $1.00 per share.

         Rule 419 requirements

         Rule 419 requires that offering proceeds, after deduction for
         underwriting commissions, underwriting expenses and deal allowances
         issued, be deposited into an escrow or trust account (the "Deposited
         Funds" and "Deposited Securities", respectively) governed by an
         agreement which contains certain terms and provisions specified by the
         Rule. Under Rule 419, the Deposited Funds and Deposited Securities will
         be released to the company and to the investors, respectively, only
         after the company has met the following three basic conditions. First,
         the company must execute an agreement(s) for an acquisition(s) meeting
         certain prescribed criteria. Second, the company must file a
         post-effective amendment to the registration statement that includes
         the terms of a reconfirmation offer that must contain conditions
         prescribed by the rules. The post-effective amendment must also contain
         information regarding the acquisition candidate(s) and its
         business(es), including audited financial statements. The agreement(s)
         must include, as a condition precedent to their consummation, a
         requirement that the number of investors representing 80% of the
         maximum proceeds must elect to reconfirm their investments. Third, the
         company must conduct the reconfirmation offer and satisfy all of the
         prescribed conditions, including the condition that investors
         representing 80% of the Deposited Funds must elect to remain investors.
         The post-effective amendment must also include the terms of the
         reconfirmation offer mandated by Rule 419. The reconfirmation offer
         must include certain prescribed conditions that must be satisfied
         before the Deposited Funds and Deposited Securities can be released
         from escrow. After the company submits a signed representation to the
         escrow agent that the requirements of Rule 419 have been met and after
         the acquisition(s) is consummated, the escrow agent can release the
         Deposited Funds and Deposited Securities. Investors who do not
         reconfirm their investments will receive the return of a pro-rata
         portion thereof; and in the event investors representing less than 80%
         of the Deposited Funds reconfirm their investments, the Deposited Funds
         will be returned to the investors on a pro-rata basis.

5.       INCOME TAXES

         The Company's total deferred tax asset at March 31 is as follows:

<TABLE>
<CAPTION>
         ====================================================================================================================

                                                                                                        2001           2000
         --------------------------------------------------------------------------------------------------------------------
<S>                                                                                            <C>            <C>
         Tax benefit of net operating loss carryforward                                        $       3,798  $         531
         Valuation allowance                                                                          (3,798)          (531)
                                                                                               -------------  -------------

                                                                                               $          -   $          -
         ====================================================================================================================
</TABLE>

         The Company has a net operating loss carryforward of approximately
         $25,327, which if not used, will expire between the years 2019 and
         2020. The Company has provided a full valuation allowance on the
         deferred tax asset because of the uncertainty regarding realizability.


<PAGE>


TRIPACIFIC DEVELOPMENT CORPORATION
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
MARCH 31, 2001

================================================================================


6.       RELATED PARTY TRANSACTIONS

         The Company does not maintain a checking account and all expenses
         incurred by the Company are paid by an affiliate. For the year ended
         March 31, 2001, the Company accrued $11,259 and paid $8,614 for
         professional fees, $1,200 for filing fees and $713 for office and
         miscellaneous. The affiliate does not expect to be repaid for the
         expenses it pays on behalf of the Company. Accordingly, as the expenses
         are paid, they are classified as additional paid-in capital.