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, 2001

   [ ]   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)

    4395 Polaris Avenue, Las Vegas, NV           89103
 (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,
       1,970,000 issued and outstanding as of December 31, 2001.

 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 not listed on the OTC-BB
   or any national securities exchange as of April 11, 2001.


/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 -- BUSINESS.

Overview

     FreePCSQuote.Com ("FPCQ" or the "Company"), a Nevada
corporation, incorporated on February 18, 1999, is a development
stage company with a principal business objective 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.

     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.

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.


/2/


     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.

     Enterprises generally utilize two types of Internet
services: connectivity and valued-added services.  We plan to
provide 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.


/3/


     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.

     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 following are among the key factors that we believe will
drive our growth:

       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 for 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 which we will
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.


/4/


     We plan to 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.

  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.  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 plan to offer a variety of other services, which enable
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 will 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:

  Establish and Expand Customer Base

     We will strive to be recognized as a leader in the market
for Internet Technology Services.  We believe that name
recognition is an important advantage in the Internet Technology.
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, including, but not limited to, Internet promotion and
advertising, joint ventures, strategic partnerships, a referral
program compensating business associates/existing clients who
refer new clients or projects, and direct contact via telephone,
mail and in person.


/5/


  Enhance and Expand the Breadth and Depth of Customized Services

     We intend to develop our array of Internet Technology
Services.  Current planned services include web hosting, e-
commerce and consulting.  We believe these services will provide
us with opportunities to attract new customers.

  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 intend to 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.

  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.


/6/


     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 operational plans.

     As of December 31, 2001, we have developed a business plan,
recruited and retained a CEO, and established what steps need to
be taken to achieve the results set forth in our attempt to be
listed on the OTC-BB.  As a start-up and development stage
company, we have no new products or services to announce.

Customers

     We will provide companies with opportunities to generate
revenues by supplying those businesses with Internet Technology
Solutions and Services.  We plan to reach these customers via
direct mail, telemarketing, the Internet and the referral
process.  As of December 31, 2001, we have generated no sales
revenues, however, at the end of 2001 we signed 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 once we begin
to generate revenues in early to mid 2002.

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 being
protected as trade secrets until appropriate measure 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.


/7/


     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.


/8/


     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, 2001.

Employees

     As a start up company in the research and development phase
- 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               24       President & CEO

Eric Borgeson, CEO and Chairman of the Board has, for the last
seven years, worked for Passkey Systems, a direct mail company in
Las Vegas, NV. (Passkey Systems is not affiliated with
FreePCSQuote.com, Janeva Corporation, or Campbell Mello
Associates.)  Mr. Borgeson brings 6 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 the coordination and involvement
with fantasy sports leagues.  He also is a versed day trader and
recognizes the importance of stock quotes and information driven
in a personal, easy to use fashion.


/9/


ITEM 2.   PROPERTIES.

     Our corporate headquarters are located at 4395 Polaris
Avenue, Las Vegas, Nevada 89103.  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.

                             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.  The Form 10-SB is pending receipt of a notice of
effectiveness for our common stock to be registered under the
Securities Act of 1933.  Our common stock is not traded on the
Over-the-Counter Bulletin Board (OTC-BB) or any other national
securities exchange as of April 11, 2002.  The following table
sets forth certain information as of the end of 2001, 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%
Campbell Mello Associates(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
     4395 Polaris Avenue, Las Vegas, Nevada 89103.


/10/


(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 Campbell Mello Associates, Inc., and
     as such, is the only natural person who shares beneficial
     ownership of the shares of the issuer attributed to Campbell
     Mello Associates, Inc.


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 two
      years of operations;
   -  the competitive disadvantage resulting from our status as a
      highly-regulated, start-up 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 2001, we did not
generate any revenues. 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.


/11/


     We have filed a Form 10-SB voluntarily with the intention of
establishing the fully reporting status with the SEC.  The fully
reporting status with the SEC is a necessary step in
accomplishing our goal of having our stock listed on the OTCBB in
the future.  Consequently, we will voluntarily continue to file
all necessary reports and forms as required by existing
legislation and the SEC rules.

Management's Plan of Operation

     Our management believes that the need for additional capital
going forward will be derived somewhat from internal revenues and
earnings generated from the sale of our products and services.
If we are unable to generate revenues from our products and
services, however, management believes the Company will need to
raise additional funds to meet its cash requirements.  It is our
intent to seek to raise additional capital via a private
placement offering, once we are trading on the OTC-BB.  In the
meantime, our management plans to advance funds to the Company on
an as-needed basis although there is no definitive or legally
binding arrangement to do so.  We currently have no arrangements
or commitments for accounts and accounts receivable financing.
There can be no assurance that any such financing can be obtained
or, if obtained that it will be on reasonable terms.  We are a
development stage company. We believe that our initial 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 capture and develop
emerging revenue opportunities.

     Realization of sales of our products and services during the
fiscal year ending December 31, 2002, 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, 2001.

Revenues. FreePCS is a developmental stage enterprise as defined
in SFAS #7. We did not generated any revenues in 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").

Expenses. Although we incurred no expenses in 2001, we have
incurred expenses for the operating period February 18, 1999
(inception) to December 31, 2001, totaling $9,200 resulting in a
net loss of $8,050 for the same period.  Expenditures were
primarily due to costs incurred for professional fees, services
and general and administrative expenses.


/12/


Liquidity and Capital Resources

     We have generated no 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.  During our normal course of
business, we may experience net negative cash flows from
operations, pending receipt of revenues.  Further, we may be
required to obtain additional financing to fund operations
through common stock offerings and bank borrowings, to the extent
available, or to obtain additional financing to the extent
necessary to augment our working capital.


/13/


Item 7. Financial Statements.





                        TABLE OF CONTENTS


                                                          PAGE


INDEPENDENT AUDITOR'S REPORT                               15

BALANCE SHEETS                                             16

STATEMENTS OF OPERATIONS                                   17

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY              18

STATEMENTS OF CASH FLOWS                                   19

NOTES TO FINANCIAL STATEMENTS                              20


/14/


G. BRAD BECKSTEAD
Certified Public Accountant
                                              330 E. Warm Springs
                                              Las Vegas, NV 89119
                                                     702.257.1984
                                               702.362.0540 (fax)

                  INDEPENDENT AUDITOR'S REPORT


January 17, 2002

Board of Directors
FreePCSQuote.com, Inc.
Las Vegas, NV

I  have audited the Balance Sheets of FreePCSQuote.com, Inc. (the
"Company") (A Development Stage Company), as of December 31, 2001
& 2000, and the related  Statements of Operations,  Stockholders'
Equity, and Cash Flows for the years then ended and for the period
February 18, 1999 (Date  of Inception) to December 31, 2001. These
financial statements  are the  responsibility of  the   Company's
management.  My responsibility is to express an opinion on  these
financial statements based on my audit.

I  conducted  my  audit  in  accordance with  generally  accepted
auditing  standards  in  the  United  States  of  America.  Those
standards require  that  I  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.  I  believe  that  my  audit  provides  a
reasonable  basis  for  my opinion.

In my 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, 2001 & 2000, and the results of its  operations  and
cash flows for the years then ended and for  the  period February
18, 1999 (Date of Inception) to December 31, 2001, 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  are
also  described  in  Note  2.  The financial  statements  do  not
include  any  adjustments that might result from the  outcome  of
this uncertainty.


/s/ Brad Beckstead


G. Brad Beckstead, CPA


/15/


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


                                                    December 31, December 31,
Assets                                                  2001        2000
                                                     ---------    ---------
Current assets:
  Cash                                               $       -    $       -
                                                     ---------    ---------
     Total current assets                                    -            -
                                                     ---------    ---------

                                                     $       -    $       -
                                                     =========    =========

Liabilities and Stockholders' Equity

Stockholders' Equity (Deficit):
  Common stock, $0.001 par value; 20,000,000 shares
   authorized, 1,970,000 shares issued and outstanding   1,970        1,970
  Preferred stock, $0.001 par value, 5,000,000 shares
   authorized, zero shares issued and outstanding            -            -
  Additional paid-in capital                             6,080        6,080
  (Deficit) accumulated during development stage        (8,050)      (8,050)
                                                     ---------    ---------
                                                             -            -
                                                     ---------    ---------

                                                     $       -    $       -
                                                     =========    =========



 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
                                --------------------------   (Inception) to
                                December 31,  December 31,    December 31,
                                    2001          2000            2001
                                ------------  ------------    ------------

Revenue                         $          -  $      1,150    $      1,150
                                ------------  ------------    ------------

Expenses:
  General and administrative
   expenses                                -         2,531           6,405
  General and administrative
   expenses - related party                -             -           2,795
                                ------------  ------------    ------------
     Total expenses                        -         2,531           9,200
                                ------------  ------------    ------------

Net (loss)                      $          -  $     (1,381)   $     (8,050)
                                ============  ============    ============

Weighted average number of
 common shares outstanding         1,970,000     1,970,000       1,962,515
                                ============  ============    ============

Net (loss) per share            $          -  $      (0.00)   $      (0.00)
                                ============  ============    ============



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


/17/


                            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(Deficit)
                         -------- -------- -------  ----------  ------------

March 1999
 Founders shares        1,650,000 $  1,650 $     -  $        -  $      1,650

April 1999
 Rule 504 offering
 issued for cash          295,000      295   5,605                     5,900

April 1999
 Rule 504 offering
 issued for services       25,000       25     475                       500

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

Balance, 12/31/99       1,970,000 $  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       1,970,000 $  1,970 $ 6,080  $   (8,050) $          -

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

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



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


/18/


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


                                       For the years ended   February 18, 1999
                                     -----------------------   (Inception) to
                                    December 31, December 31,   December 31,
                                        2001         2000          2001
                                      ---------   ---------   -------------
Cash flows from operating activities
Net (loss)                            $       -   $  (1,381)  $      (8,050)
Shares issued for services                    -           -             500
                                      ---------   ---------   -------------
Net cash (used) by operating
activities                                    -      (1,381)         (7,550)
                                      ---------   ---------   -------------

Cash flows from investing activities          -           -               -
                                      ---------   ---------   -------------
Net cash provided (used) by
investing activities                          -           -               -
                                      ---------   ---------   -------------

Cash flows from financing activities
  Issuance of common stock                    -           -           7,550
                                      ---------   ---------   -------------
Net cash provided by financing
activities                                    -           -           7,550
                                      ---------   ---------   -------------

Net (decrease) in cash                        -      (1,381)              -
Cash - beginning                              -       1,381               -
                                      ---------   ---------   -------------
Cash - ending                         $       -   $       -   $           -
                                      =========   =========   =============

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.


/19/


                     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, 2001.

Revenue recognition
 The Company recognizes revenue on the accrual basis.

Advertising costs
 The  Company  expenses  all  costs of advertising  as  incurred.
 There  were  no  advertising  costs  included  in  general   and
 administrative expenses as of December 31, 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, 2001.  The respective  carrying
 value   of   certain   on-balance-sheet  financial   instruments
 approximated  their  fair values.  These  financial  instruments
 include cash and accounts payable.  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  is
 impaired.    No   such  impairments  have  been  identified   by
 management at December 31, 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.

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

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


/20/


                     FreePCSQuote.com, Inc.
                  (a Development Stage Company)
                              Notes
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
 The  FASB  recently  issued Statement No. 137,  "Accounting  for
 Derivative   Instruments  and  Hedging  Activities-Deferral   of
 Effective  Date  of  FASB  Statement No.  133".   The  Statement
 defers  for  one year the effective date of FASB  Statement  No.
 133,   "Accounting  for  Derivative  Instruments   and   Hedging
 Activities".  The rule now will apply to all fiscal quarters  of
 all  fiscal years beginning after June 15, 2000.  In June  1998,
 the  FASB  issued  SFAS  No.  133,  "Accounting  for  Derivative
 Instruments   and  Hedging  Activities."   The  Statement   will
 require  the company to recognize all derivatives on the balance
 sheet  at fair value.  Derivatives that are not hedges  must  be
 adjusted  to fair value through income, if the derivative  is  a
 hedge,  depending  on the nature of the hedge,  changes  in  the
 fair  value  of  derivatives will either be offset  against  the
 change in fair value of the hedged assets, liabilities, or  firm
 commitments   through   earnings   or   recognized   in    other
 comprehensive  income  until the hedged item  is  recognized  in
 earnings.   The ineffective portion of a derivative's change  in
 fair  value  will  be immediately recognized in  earnings.   The
 company  does not expect SFAS No. 133 to have a material  impact
 on earning s and financial position.

 In   December  1999,  the  Securities  and  Exchange  Commission
 released  Staff Accounting Bulletin No. 101, Revenue Recognition
 in  Financial Statements (SAB No. 101), which provides  guidance
 on  the  recognition, presentation and disclosure of revenue  in
 financial  statements.  SAB No. 101 did not impact the company's
 revenue recognition policies.

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 not commenced its  planned  principal
operations and it has generated minimal 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.


/21/


                     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.

The  provision for income taxes differs from the amount  computed
by  applying  the  statutory federal income tax  rate  to  income
before  provision for income taxes.  The sources and tax  effects
of the differences are as follows:

               U.S federal statutory rate      (34.0%)

               Valuation reserve                34.0%
                                                -----
               Total                              - %
                                                =====

As  of  December  31, 2001, the Company has a net operating  loss
carryforward of approximately $8,050 for tax purposes, which will
be  available to offset future taxable income.  If not used, this
carryforward will expire in 2021.

Note 4 - Stockholders' equity

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.

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.

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.

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


/22/


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

Note 5 - 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.

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.

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.

The Company does not lease or rent any property.  Office services
are  provided  without charge by an officer and director  of  the
Company.   Such costs are immaterial to the financial  statements
and,  accordingly, have not been reflected therein.  The officers
and  directors  of  the Company 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.


Note 6 - Warrants and options

There  are  no  warrants or options outstanding  to  acquire  any
additional shares of common stock and/or preferred stock.


/23/


                            PART III

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

     The information required in this item is incorporated by
reference to this document and the section entitled "EMPLOYEES".

ITEM 10. EXECUTIVE COMPENSATION.

     We do not currently have an employment agreement with our
executive officer.  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.  Over the next
twelve (12) months, however, this executive officer is expected
to draw the following annual compensation.  The Company does not
currently have an employee stock option plan.


Name of Individual or   Capacities in Which Remuneration      Annual
  Identity of Group               was Recorded             Compensation1
---------------------        ----------------------        -------------

Eric Borgeson                  President and CEO              $6,000

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

     We do not currently have an employment agreement with our
executive officer, nor is one expected in the near future.

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".


/24/


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.  Campbell Mello
Associates, Inc., was retained by FreePCSQuote.com, Inc., to
prepare its initial Regulation D, Rule 504 offering document, as
well as to prepare its Form 211 Information statement and the
Form 10-SB Registration Statement.  In exchange, Campbell Mello
Associates, Inc., was paid a monetary sum along with 450,000
shares of common stock in the Company.  eCom Corporation is an
Internet service provider to FreePCSQuote.com.  eCom Corporation
provides its services to the Company at cost.

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: July 10, 2002
      -------------





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: July 10, 2002
      -------------



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.
  23         Consent of Independent Auditor


/27/