UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C., 20549
                                  FORM 10-Q SB

     (X)  QUARTERLY  REPORT  PURSUANT  TO SECTION 13 OR 15(D) OF THE  SECURITIES
EXCHANGE ACT OF 1934

                   For the quarter report ended March 31, 2001
                                       or

     ( )  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 000-28581

                                 1st GENX, INC.
   (Exact name of small business issuer as registrant as specified in charter)

         Nevada                                         94-3342064
(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                        Identification No.)

                    101-565 Bernard Ave. Kelowna, B.C. V1Y8R4
                     (Address of principal executive office)

         Registrants telephone no., including area code (250) 860-9551

                               1st Genx.Com, Inc.
                    (Former name, changed since last report)

     Check 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),  Yes [X] No [ ] and (2) has been  subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

   Indicate the number of shares outstanding of each of the issuers classes of
                 common stock, as of the last practicable date.

       Class                              Outstanding as of  March 31, 2001
Common Stock, $0.001                                48,060,817

                                        i





                                TABLE OF CONTENTS
                          PART 1. FINANCIAL INFORMATION

Heading                                                           Page

Item 1.             Consolidated Financial Statements              2

                    Consolidated Balance Sheets  December 31, 2000
                    And March 31, 2001                             3-4

                    Consolidated Statements of Operations   three months
                    Ended March 31, 2001 and March 31, 2000        5

                    Consolidated Statement of Stockholders Equity  6-9

                    Consolidated Statements of Cash Flows three months
                    Ended March 31, 2000 and 2001                  10-11

                    Notes to Consolidated Financial Statements     12-17

Item 2.             Managements Discussion and Analysis and
                    Result of  Operations                          18-19




                           PART II. OTHER INFORMATION

Item 1.              Legal Proceedings                             19

Item 2.              Changes in Security                           19

Item 3.              Defaults Upon Senior Securities               19

Item 4.              Submission of Matter to a Vote of             19-20
                     Securities Holders

Item 5.              Other Information                             20

Item 6.              Exhibits and Reports on Form 8-K              20

                     Signatures                                    21






                                       ii



                         PART 1 FINANCIAL INFORMATION

                           Item 1. Financial Statement


     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance  with the  instructions  for Form  10-Q  pursuant  to the  rules  and
regulations of the Securities and Exchange  Commission  and,  therefore,  do not
include all information and footnotes  necessary for a complete  presentation of
the financial  position,  results of operations,  cash flows,  and  stockholders
equity in conformity  with  generally  accepted  accounting  principles.  In the
opinion  of  management,   all  adjustments  considered  necessary  for  a  fair
presentation  of the results of  operations  and  financial  position  have been
included and all such adjustments are of a normal recurring nature.

     The unaudited  balance  sheet of the Company as of March 31, 2001,  and the
related  audited  balance  sheet of the Company as of  December  31,  2000,  the
unaudited  statement of operations and cash flows for the three months ended and
the audited  statements  of  stockholders  equity for the period from January 1,
1998 through  December 31, 2000 and the  unaudited  stockholders  equity for the
period  January 1, 2001  through  September  30,  2001 are  attached  hereto and
incorporated herein by this reference.

     Operating results for the quarters ended March 31, 2001 are not necessarily
indicative of the results that can be expected for the year ending  December 31,
2001.










                                        1






                               1ST GENX.COM, INC.

                              FINANCIAL STATEMENTS

                      March 31, 2001 and December 31, 2000






                                        2


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


                               1ST GENX.COM, INC.
                                 Balance Sheets


                                     ASSETS

                                                     March 31,      December 31,
                                                       2001              2000
                                                    (Unaudited)
CURRENT ASSETS

   Cash$                                                29,280        $     806
   Accounts receivable                                     150                -

     Total Current Assets                               29,430              806

FIXED ASSETS (Note 1)

   Telecommunications equipment                          3,916            2,496
   Software                                             60,000           60,000
   Office furniture and equipment                       19,211           17,699
   Accumulated depreciation                            (16,595)         (10,538)

     Total Fixed Assets                                 66,532           69,657

OTHER ASSETS

   Intangibles                                          12,500                -
   Investments, net (Note 3)                            55,000           30,000

     Total Other Assets                                 67,500           30,000

     TOTAL ASSETS                                    $ 163,462        $ 100,463
















                                        3
                               1st GENX.COM, INC.
                           Balance Sheets (Continued)


                  LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)

                                                       March 31,   December 31,
                                                         2001        2000
                                                    (Unaudited)
CURRENT LIABILITIES

   Accounts payable                                  $   116,133    $   171,815
   Notes payable - related party (Note 4)                 38,992        352,741
   Line of credit (Note 7)                               150,000              -
   Current portion of notes payable (Note 6)              58,554         58,554
   Accrued expenses                                       16,793         67,954

     Total Current Liabilities                           380,472        651,064

LONG-TERM LIABILITIES

   Note payable (Note 6)                                   9,476          9,476

     Total Long-Term Liabilities                           9,476          9,476

     Total Liabilities                                   389,948        660,540

STOCKHOLDERS EQUITY (DEFICIT)

   Common stock; $0.001 par value, 50,000,000 shares
    authorized, 48,060,817 and 27,960,817 shares issued
    and outstanding, respectively                         48,061         27,961
   Additional paid-in capital                          4,552,650      4,081,262
   Subscription receivable                                     -        (10,000)
   Accumulated deficit                                (4,827,197)    (4,659,300)

     Total Stockholders Equity (Deficit)               (226,486)      (560,077)

     TOTAL LIABILITIES AND STOCKHOLDERS
      EQUITY (DEFICIT)                               $   163,462    $   100,463







                                        4
                               1ST GENX.COM, INC.
                            Statements of Operations
                                   (Unaudited)
                                                                       From
                                                                   Inception of
                                                                   Development
                                                                     Stage on
                                                                    January 1,
                                           For the                     2001
                                       Three Months Ended             Through
                                             March 31,               March 31,
                                        2001           2000            2001

REVENUES                        $           -       $       -       $     -

OPERATING EXPENSES

   Management fees                       49,479              -         49,479
   Advertising and promotion              3,643              -          3,643
   Depreciation and amortization          6,057              -          6,057
   General and administrative           127,793              -        127,793

     Total Operating Expenses           186,972              -        186,972

OPERATING LOSS                         (186,972)             -       (186,972)

OTHER INCOME (EXPENSE)

   Interest expense                      (5,925)             -         (5,925)

     Total Other Income (Expense)        (5,925)             -         (5,925)

LOSS FROM CONTINUING OPERATIONS        (192,897)             -       (192,897)

GAIN (LOSS) FROM DISCONTINUED
 OPERATIONS                              25,000       (560,419)        25,000

NET LOSS                          $    (167,897) $    (560,419) $   (167,897)

BASIC LOSS PER SHARE              $       (0.00) $      (0.03)

WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                         44,749,705     23,680,817










                                        5
                               1ST GENX.COM, INC.
                  Statements of Stockholders Equity (Deficit)


                                                                 Additional
                                           Common Stock            Paid-in
                                       Shares          Amount       Capital
Balance, December 31, 1997            12,000,000   $   12,000   $   98,020

Net loss for the year ended
 December 31, 1998                             -            -            -

Balance, December 31, 1998            12,000,000       12,000       98,020

March 5, 1999, common stock
 issued for proprietary rights and
 software recorded at $0.10 per
 share                                 2,000,000        2,000      198,000

March 5, 1999, common stock
 issued for cash at $0.10 per share    1,500,000        1,500      148,500

April 3, 1999, common stock
 issued for cash at $0.25 per share      600,000          600      149,400

May 3, 1999, common stock
 issued for cash at $0.70 per share    1,000,000        1,000      699,000

June 30, 1999, common stock
 issued for cash at $0.25 per share      680,000          680      169,320

June 30, 1999, common stock
 issued for investment at $0.25
 per share                             1,000,000        1,000      249,000

Balance Forward                       18,780,000   $   18,780   $1,711,240






                                      Subscription  Accumulated
                                        Receivable     Deficit


Balance, December 31, 1997            $       -   $(79,925)

Net loss for the year ended
 December 31, 1998                            -     (8,388)

Balance, December 31, 1998                    -    (88,313)

March 5, 1999, common stock
 issued for proprietary rights and
 software recorded at $0.10 per
 share                                        -          -

March 5, 1999, common stock
 issued for cash at $0.10 per share           -          -

April 3, 1999, common stock
 issued for cash at $0.25 per share           -          -

May 3, 1999, common stock
 issued for cash at $0.70 per share           -          -

June 30, 1999, common stock
 issued for cash at $0.25 per share
June 30, 1999, common stock
 issued for investment at $0.25
 per share                                    -          -

Balance Forward                       $       -   $(88,313)





                                        6
                               1ST GENX.COM, INC.
            Statements of Stockholders Equity (Deficit) (Continued)



                                                                     Additional
                                                  Common Stock         Paid-in
                                              Shares          Amount    Capital

Balance Forward                            18,780,000   $   18,780   $1,711,240

July 14, 1999 - common stock
 issued for cash at $0.25 per share           392,000          392       97,608

August 5, 1999 - common stock
 issued for cash at $0.25 per share            60,000           60       14,940

August 30, 1999 - common stock
 issued for cash at $0.25 per share           600,000          600      149,400

September 10, 1999 -  common stock
 issued for cash at $0.25 per share           240,000          240       59,760

September 13, 1999 - common stock
 issued for cash at $0.25 per share           600,000          600      149,400

September 14, 1999 - common stock
 issued for cash at $0.25 per share           320,000          320       79,680

September 21, 1999 - common stock
 issued for cash at $0.25 per share           400,000          400       99,600

October 13, 1999 - common stock issued
 for cash at $0.25 per share                1,000,000        1,000      253,000

October 15, 1999 - common stock issued
 for consulting at $0.25 per share          1,000,000        1,000      249,000

October 15, 1999 - common stock issued
 for consulting services at $0.25 per share    22,150           22        5,515

November 11, 1999 - common stock
 issued for consulting services at $0.25
 per share                                    266,667          267       66,399

Net loss for the year ended
 December 31, 1999                                  -            -            -

Balance, December 31, 1999                 23,680,817   $   23,681   $2,935,542








                                               Subscription   Accumulated
                                                  Receivable    Deficit

Balance Forward                               $       -   $   (88,313)

July 14, 1999 - common stock
 issued for cash at $0.25 per share                   -             -

August 5, 1999 - common stock
 issued for cash at $0.25 per share                   -             -

August 30, 1999 - common stock
 issued for cash at $0.25 per share                   -             -

September 10, 1999 -  common stock
 issued for cash at $0.25 per share                   -             -

September 13, 1999 - common stock
 issued for cash at $0.25 per share                   -             -

September 14, 1999 - common stock
 issued for cash at $0.25 per share                   -             -

September 21, 1999 - common stock
 issued for cash at $0.25 per share                   -             -

October 13, 1999 - common stock issued
 for cash at $0.25 per share                          -             -

October 15, 1999 - common stock issued
 for consulting at $0.25 per share                    -             -

October 15, 1999 - common stock issued
 for consulting services at $0.25 per share           -             -

November 11, 1999 - common stock
 issued for consulting services at $0.25
 per share                                            -             -

Net loss for the year ended
 December 31, 1999                                    -    (2,976,079)

Balance, December 31, 1999                    $       -   $(3,064,392)



                                        7
                               1ST GENX.COM, INC.
             Statements of Stockholders Equity (Deficit) (Continued)


                                                                  Additional
                                              Common Stock          Paid in
                                           Shares       Amount      Capital

Balance, December 31, 1999             23,680,817   $   23,681   $2,935,542

for cash at $0.25 per share               480,000          480      119,520

March 31, 2000 - common stock issued
 for services at $0.25 per share          500,000          500      124,500

April 1, 2000 - common stock issued
 for services at $0.25 per share        1,000,000        1,000      249,000

May 16, 2000 - common stock issued
 for cash at $0.25 per share              240,000          240       59,760

July 1, 2000 - common stock issued
 for services at $0.25 per share        1,100,000        1,100      273,900

July 27, 2000 - common stock issued
 for services at $0.25 per share          750,000          750      186,750

December 31, 2000 - common stock
 issued for cash at $0.25 per share       210,000          210       42,290

Additional paid-in capital                      -            -       90,000

Net loss for the year ended
 December 31, 2000                              -            -            -

Balance, December 31, 2000             27,960,817   $   27,961   $4,081,262





                                         Subscription   Accumulated
                                           Receivable    Deficit



Balance, December 31, 1999               $       -    $(3,064,392)

March 31, 2000 - common stock issued
for cash at $0.25 per share                      -              -

March 31, 2000 - common stock issued
 for services at $0.25 per share                 -              -

April 1, 2000 - common stock issued
 for services at $0.25 per share                 -              -

May 16, 2000 - common stock issued
 for cash at $0.25 per share                     -              -

July 1, 2000 - common stock issued
 for services at $0.25 per share                 -              -

July 27, 2000 - common stock issued
 for services at $0.25 per share                 -              -

December 31, 2000 - common stock
 issued for cash at $0.25 per share        (10,000)             -

Additional paid-in capital                       -              -

Net loss for the year ended
 December 31, 2000                               -     (1,594,908)

Balance, December 31, 2000          $     (10,000) $    (4,659,300)


                                        8
                               1ST GENX.COM, INC.
             Statements of Stockholders Equity (Deficit) (Continued)


                                                                     Additional
                                               Common Stock          Paid-in

                                          Shares        Amount       Capital

Balance, December 31, 2000             27,960,817   $   27,961   $4,081,262

January 10, 2001 - common stock
 issued for debt reduction at $0.025
 per share (unaudited)                 15,100,000       15,100      351,388

January 23, 2001 - common stock
 issued for debt reduction valued at
 $0.025 per share (unaudited)           1,000,000        1,000       24,000

January 31, 2001 - common stock
 issued for investment valued at
 $0.025 per share (unaudited)             500,000          500       12,000

January 31, 2001 - common stock
 issued for debt reduction valued
 at $0.025 per share (unaudited)        3,500,000        3,500       84,000

Subscription receivable received
 (unaudited)                                    -            -            -

Net loss for the three months ended
 March 31, 2001 (unaudited)                     -            -            -

Balance, March 31, 2001 (unaudited)    48,060,817   $   48,061   $4,552,650







                                        Subscription       Accumulated
                                        Receivable           Deficit


Balance, December 31, 2000             $    (10,000) $     (4,659,300)

January 10, 2001 - common stock
 issued for debt reduction at $0.025
 per share (unaudited)                           -             -

January 23, 2001 - common stock
 issued for debt reduction valued at
 $0.025 per share (unaudited)                    -             -

January 31, 2001 - common stock
 issued for investment valued at
 $0.025 per share (unaudited)                    -             -

January 31, 2001 - common stock
 issued for debt reduction valued
 at $0.025 per share (unaudited)                 -             -

Subscription receivable received
 (unaudited)                                10,000             -

Net loss for the three months ended
 March 31, 2001 (unaudited)                      -      (167,897)

Balance, March 31, 2001 (unaudited)      $       -   $(4,827,197)






                                        9
                               1ST GENX.COM, INC.
                            Statements of Cash Flows
                                   (Unaudited)
                                                                  For the
                                                            Three Months Ended
                                                                  March 31,
                                                            2001          2000
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                              (167,897) $   (560,419)
   Adjustments to reconcile loss from operations to
     net cash used by operating activities:
     Depreciation and amortization                           6,057       20,471
     Bad debt expense                                            -        4,894
     Common stock issued for services                            -      120,000
   Changes in operating assets and liabilities:
     (Increase) decrease in accounts receivable               (150)           -
     Increase (decrease) in accounts payable and accrued
       expenses                                             40,063       (1,363)
     Increase (decrease) in gaming loss reserve                  -      (14,688)

       Net Cash (Used) by Operating Activities            (121,927)    (431,105)

CASH FLOWS FROM INVESTING ACTIVITIES

   Purchase of equipment                                    (2,932)     (24,624)

       Net Cash (Used) by Investing Activities              (2,932)     (24,624)

CASH FLOWS FROM FINANCING ACTIVITIES

   Receipt of subscription receivable                       10,000            -
   Proceeds from line of credit                            150,000            -
   Payments on notes payable                                (6,667)      (2,436)
   Proceeds from notes payable                                   -      429,865
   Proceeds from common stock                                    -      125,000

     Net Cash Provided by Financing activities             153,333      552,429

INCREASE IN CASH AND CASH EQUIVALENTS                       28,474       96,700

CASH AND CASH EQUIVALENTS AT BEGINNING
 OF PERIOD                                                     806        9,562

CASH AND CASH EQUIVALENTS AT END OF PERIOD               $  29,280    $ 106,262





                                                            From
                                                        Inception of
                                                        Development
                                                          Stage on
                                                         January 1,
                                                        2001 through
                                                        March 31, 2001


Net loss                                                   $(167,897)
   Adjustments to reconcile loss from operations to
     net cash used by operating activities:
     Depreciation and amortization                             6,057
     Bad debt expense                                              -
     Common stock issued for services                              -
   Changes in operating assets and liabilities:
     (Increase) decrease in accounts receivable                 (150)
     Increase (decrease) in accounts payable and accrued
       expenses                                               40,063
     Increase (decrease) in gaming loss reserve                    -

       Net Cash (Used) by Operating Activities              (121,927)

CASH FLOWS FROM INVESTING ACTIVITIES

   Purchase of equipment                                      (2,932)

       Net Cash (Used) by Investing Activities                (2,932)

CASH FLOWS FROM FINANCING ACTIVITIES

   Receipt of subscription receivable                         10,000
   Proceeds from line of credit                              150,000
   Payments on notes payable                                  (6,667)
   Proceeds from notes payable                                     -
   Proceeds from common stock                                      -

     Net Cash Provided by Financing activities               153,333

INCREASE IN CASH AND CASH EQUIVALENTS                         28,474

CASH AND CASH EQUIVALENTS AT BEGINNING
 OF PERIOD
CASH AND CASH EQUIVALENTS AT END OF PERIOD                 $  29,280

                                       10

                               1ST GENX.COM, INC.
                      Statements of Cash Flows (Continued)
                                   (Unaudited)

                                                                     From
                                                                   Inception of
                                                                    Development
                                                                    Stage on
                                                For the             January 1,
                                             Three months ended   2001 through
                                                March 31,           March 31
                                           2001          2000          2001

CASH PAID FOR:

   Interest                              $   -        $  -        $        -
   Income taxes                          $   -        $  -        $        -

NON-CASH INVESTING AND FINANCING ACTIVITIES

   Common stock issued for investments,
     software and licenses               $ 12,500     $  -        $ 12,500
   Common stock issued for services      $   -        $  120,00   $        -
   Common stock issued for debt reduction$ 478,988    $  -        $  478,988





                                       11


                               1ST GENX.COM, INC.
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000


NOTE 1 -      ORGANIZATION AND DESCRIPTION OF BUSINESS

On February 10, 1997,  1st Genx.com,  Inc.  (formerly  E-Vegas.Com,  Inc..) (the
Company) was incorporated  under the laws of Nevada to engage in the exploration
and mining business.

On February 5, 1999, the Companys  directors entered into a purchase  agreement
with E-Casino Gaming Corporation to purchase proprietary rights and software for
Internet Casino and Sports Book, a Costa Rican International  license to operate
the same, and the companys trade style for 2,000,000 shares of authorized,  but
unissued,  common  stock.  The  acquisition  was ratified by  shareholders  at a
special  meeting  held  March 5,  1999.  At the same  shareholder  meeting,  the
shareholders   approved   changing  the  corporate   name  to  E-Casino   Gaming
Corporation.  Said  amendment  was  filed  with the State of Nevada on March 11,
1999. On June 1, 1999,  the Companys name was changed to  E-Vegas.Com,  Inc. On
July 20, 2000, the Companys name was changed to 1st Genx.com, Inc.

During March 1999,  the Company  sold its  wholly-owned  subsidiary,  True Vista
Mining de Mexico,  Inc.,  to True Vista Mining,  Inc. for $30,000,  a 10% equity
interest in True Vista Mining,  Inc. and a 5%  production  royalty on the mining
claims sold once the properties  begin producing and selling.  Should True Vista
Mining,  Inc. sell or negotiate any of the properties,  the Company will receive
5% of the consideration.  The Company was considered a development stage company
until August 1999 when it began sales.

On October 2, 1999,  the Company formed a Costa Rican  Corpoation  called Global
E-Comm,  Inc. and became a  wholly-owned  subsidiary  in the  telecommunications
business in Latin America.

On May 15, 2000, the Company entered into a Recission  Agreement with Presidents
Telecom,  Inc.  (Presidents)  whereby the Company  reacquired  100% ownership in
Global E-Com, S.A.  (Global).  The consolidated  financial  statements have been
retroactively  restated to show the  transaction as if the sale did not occur in
October 1999.

NOTE 2 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Accounting Method

The  Companys  financial  statements  are prepared  using the accrual  method of
accounting. The Company has elected a December 31 year end.

b. Cash Equivalents

The Company  considers  all highly liquid  investments  with a maturity of three
months or less when purchased to be cash equivalents.


                                       12



                               1ST GENX.COM, INC.
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000


NOTE 2 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)

c. 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  and  disclosure  of
     contingent  assets and liabilities at the date of the financial  statements
     and the  reported  amounts of revenues and  expenses  during the  reporting
     period. Actual results could differ from those estimates.

     d. Basic Loss Per Common Share

     Basic  loss per  common  share has been  calculated  based on the  weighted
     average number of shares of common stock outstanding during the period.

     e. Income Taxes

     At March 31, 2001,  the Company had net  operating  loss  carryforwards  of
     approximately  $4,700,000  that may be offset against future taxable income
     through  2021.  No tax  benefit  has  been  reported  in  the  consolidated
     financial  statements as the Company believes that the  carryforwards  will
     expire unused. Accordingly, the potential tax benefits of the net operating
     loss carryforwards are offset by a valuation allowance of the same amount.

     The  income  tax  benefit  differs  from the  amount  computed  at  federal
     statutory rates of approximately 38% as follows:

                                       For the Three Months Ended
                                            March 31,
                                         2001            2000

Income tax benefit at statutory rate   $  63,800    $ 212,959
Change in valuation allowance            (63,800)    (212,959)

                                    $          -    $    -

Deferred tax assets (liabilities) are comprised of the following:
                                                March 31,
                                          2001          2000

Income tax benefit at statutory rate   $ 1,834,334    $ 1,377,428
Change in valuation allowance           (1,834,334)    (1,377,428)

                                      $      -        $       -

                                       13

                               1ST GENX.COM, INC.
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000


NOTE 2 -         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

     e. Income Taxes (Continued)

     Due to the change in  ownership  provisions  of the Tax Reform Act of 1986,
     net operating loss  carryforwards for Federal income tax reporting purposes
     are subject to annual limitations.  Should a change in ownership occur, net
     operating loss carryforwards may be limited as to use in future years.

     f. Fixed Assets

     Fixed   assets  are  stated  at  cost,   less   accumulated   depreciation.
     Depreciation is computed using the straight-line  method over the estimated
     useful  lives of the assets  ranging  from 3 to 5 years.  Expenditures  for
     property additions and betterments are capitalized at cost. Maintenance and
     repairs are charged to expense when incurred.

     g. Revenue Recognition

     The Company operated in one industry which was internet gaming. The Company
     recognized  revenues  from its gaming  activities  upon  completion  of the
     activity  upon  which the wager  was  placed.  Winnings  were  recorded  as
     revenues.  Losses were recorded as gaming payouts. Funds held for customers
     but not yet  wagered  were  carried  as a  liability  known as gaming  loss
     reserve.  These operations were discontinued during the year ended December
     31, 2000.

NOTE 3 -         INVESTMENTS
                                                    March 31,      December 31,
                                                      2001            2000
                                                   (Unaudited)
On February 28, 2001, the Company agreed to
 sell 100% of its wholly-owned subsidiary Global
 ECom, Inc. to Spectrum Ventures, Ltd. in exchange
 for 500,000 shares of Spectrum common stock
 valued at $25,000.  The investment was recorded
 at cost                                              $25,000   $      -

At December 31, 2000, the Company held
 150,000 shares in Hussongs America, Inc. for
 a total cost of $30,000.  This investment has been
 recorded at cost                                      30,000    30,000

Balance Forward                                       $55,000   $30,000



                                       14
                               1ST GENX.COM, INC.
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000


NOTE 3 -      INVESTMENTS (Continued)

              Balance Forward                            $55,000         $30,000

              On June 30, 1999, the Company acquired 2,193,750
               shares of E-Betta Bunch.Com, Inc. (Betta Bunch)
               which was approximately 24% of the total outstanding
               common stock of Betta Bunch, by issuing 1,000,000
               shares of the Companys common stock valued at
               $250,000 and cash invested of $46,042.  The Companys
               investment in Betta Bunch has been accounted for using
               the equity method.  Betta Bunch is an online gaming
               company.  The investment has been written down by a
               loss of $296,042 as of December 31, 2000        -             -

              Total Investments                         $55,000          $30,000


NOTE 4 -      NOTES PAYABLE - RELATED PARTY

     The Company has notes payable to  shareholders  in the amount of $38,992 at
     March 31, 2001.  The amounts bear interest at 10%, are unsecured and due on
     demand.

NOTE 5 -      COMMON STOCK

     a. On March 5, 1999, the Company issued  2,000,000 for  proprietary  rights
     and software valued at $200,000.  The rights and software were written down
     to their estimated net realizable value of $-0- in 1999.

     b. At a special  meeting,  a 504D offering was authorized to sell 1,500,000
     shares of common stock at $0.10 per share.  The offering was  completed and
     funded on March 5, 1999 for $150,000.

     c. A 504D offering was authorized to sell 600,000 shares of common stock at
     $0.25 per share.  The  offering  was  completed  and funded for $150,000 on
     April 3, 1999.

     d. A 504D offering was authorized to sell 1,000,000  shares of common stock
     at $0.70 per share.  The offering was  completed and funded for $700,000 on
     May 3, 1999.

     e. A 505D offering was authorized to sell 1,680,000  shares of common stock
     at $0.25 per share.  The offering was  completed and funded for $420,000 on
     June 30,  1999.  680,000  shares  equaling  $170,000  were  sold for  cash.
     1,000,000  shares were issued for an investment in Bettabunch,  Inc. valued
     at $250,000.

     f. In August  and  September  1999  2,612,000  shares of common  stock were
     issued at $0.25 per share, for cash totaling $653,000.

     g. In October 1999,  1,000,000  shares of common stock were issued at $0.25
     per share, for cash totaling $254,000.





                                       15


                               1ST GENX.COM, INC.
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000

NOTE 5 -      COMMON STOCK (Continued)

          h. In October and November 1999, 1,288,817 shares of common stock were
     issued at $0.25 per share, for consulting services.

          i. In March 2000,  480,000 shares of common stock were issued at $0.25
     per share, for cash totaling $120,000.

          j. In March 2000,  500,000 shares of common stock were issued at $0.25
     per share, for services totaling $125,000.

          k. In April  2000,  1,000,000  shares of common  stock were  issued at
     $0.25 per share, for services totaling $250,000.

          l. In May 2000,  240,000  shares fo common  stock were issued at $0.25
     per share, for cash totaling $60,000.

          m. In July 2000, 1,100,000 shares of common stock were issued at $0.25
     per share, for services totaling $275,000.

          n. In July 2000,  750,000  shares of common stock were issued at $0.25
     per share, for services totaling $187,500.

          o. In November  2000,  210,000  shares of common  stock were issued at
     $0.25  per  share,  for  cash  totaling  $52,500  of  which  $10,000  is  a
     subscription receivable.

          p. On January 10, 2001,  15,100,000 shares of common stock were issued
     at $0.025 per share, for debt reduction totaling $366,488.

          q. On January 23, 2001,  1,000,000  shares of common stock were issued
     at $0.025 per share, for debt reduction totaling $25,000.

          r. On January 31, 2001,  500,000 shares fo common stock were issued at
     $0.025 per share for the right to use the domain name, GolfCasino.com.

          s. On January 31, 2001,  3,500,000  shares of common stock were issued
     at $0.025 per share for debt reduction totaling $87,500.

NOTE 6 -      NOTE PAYABLE

     On June 21, 1999,  the Company  purchased  software and computer  equipment
     from an unrelated  party. An initial payment of $43,957 was due in 2000 and
     payments of $4,738 are due quarterly over a 24-month period. The note bears
     an imputed interest rate of 10%, is secured by equipment,  and is past due.
     Future maturities of the note payable is as follows:
2000   $58,554
2001     9,476

       $68,030
                                       16

                               1ST GENX.COM, INC.
                        Notes to the Financial Statements
                      March 31, 2001 and December 31, 2000


NOTE 7 -      LINE OF CREDIT

     H. E. Capital S. A. has  committed to extended  long-term  financing in the
     form of a line of credit.  The  Company may draw up to  $500,000.  Advances
     will bear  interest at 2% over the U.S.  prime rate.  As of March 31, 2001,
     the Company has drawn advances in the amount of $150,000.

NOTE 8 -      GOING CONCERN

     The Companys  financial  statements are prepared using  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.  The Company has not established  revenues sufficient to cover
     its operating costs in the Internet gaming industries and has changed their
     operating focus to software  development to allow it to continue as a going
     concern. Management believes that the Company will soon be able to generate
     revenues   sufficient  to  cover  its  operating  costs  through   software
     development.  In the  interim,  the  Company  intends  to raise  additional
     capital through private placements of its common stock.


















                                                                  17




                 ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Going Concern and Ability of the Company to Continue

     The Company has a net  operating  loss carry  forward of  $4,827,197  since
inception through March 31, 2001.

     The Companys consolidated financial statements are prepared using 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.  The  Company has not  established  revenues  sufficient  to cover its
operating costs and allow it to continue as a going concern. Management believes
that the Company will soon be able to generate revenues  sufficient to cover its
operating costs. In the interim, the Company intends to raise additional capital
through private placements of its common stock.

Liquidity and Capital Resources

     As of March 31, 2001 the Company  has $29,430 in total  current  assets and
equity of $(226,486) with which to pay its obligations. The Company is involved
in a best efforts  financing in order to increase the  Companys  liquidity  and
capital resources.

Results of Operations

     For the three  months  ending  March 31, 2001 the Company had a net loss of
$(167,897).  The loss  includes a one time gain on the sale of the Global  E-Com
subsidiary for $25,000.  General and administrative  expenses decreased $162,849
for the first quarter of 2001 compared to the same period of 2000.  Depreciation
and amortization also decreased $87,225 for the first quarter 2001 when compared
to the same period of 2000.

     The Company had  revenues of $ 0 for the three  months ended March 31, 2001
compared to $328,028 for the same period last year. Subsequent Events

The Company  amended the Articles of  Incorporation  changing the Corporate name
from E-Vegas.COM, Inc., to 1st GENX.COM, Inc.



                                       18


Sale of Common Capital Stock

     During the first quarter of 2001 the Company  issued  18,600,000  shares of
common  stock at $.025  per  share  for the  payment  of debt in the  amount  of
$464,500.  The Company also issued  500,000  shares of common stock at $.025 per
share to acquire  the track  style and  domain  name of Golfer  Casino.Com.  The
Company  also  issued  1,000,000  shares of common  stock at $.025 for  services
rendered.

                            PART II OTHER INFORMATION

                            ITEM 1. LEGAL PROCEEDINGS

     The Company is involved in the Christen Brule vs.  E-Vegas.Com,  Inc., case
#0995358, failure to deliver a warrant. Counsel assures management that the case
is  without  merit.  The case will be heard in the  Provincal  Court of  British
Columbia in July 2002.
                          ITEM 2. CHANGES IN SECURITIES

     On January 10, 2001 the Company  issued  15,100,000  shares of common stock
for the payment of debt of $377,500 to six entities at $.025 per share.

     On January 23, 2001 the Company  issued  1,000,000  shares of common  stock
pursuant  to a  consulting  agreement  to CCO  Corporation  for  $.025 per share
($25,000).

     On January  31,  2001 the  Company  issued to Paul Holm,  a director of the
Company,  500,000 shares of common stock at $.025 per share ($12,500) to acquire
Golfer Casino.Com from him.

     On February 13, 2001 the Company issued  3,500,000 shares of stock at $.025
per share for the payment of debt of $87,000 to two individuals and one company.

     All of the above common stock issuances were restricted securities.

                     ITEM 3. DEFAULTS UPON SENIOR SECURITES

     None.

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

     At a Special Meeting of Shareholders  held March 6, 2001, the  shareholders
approved the following actions:


19 1- Amended Article I of the Articles of Incorporation  changing the corporate
name to: 1st GENX, Inc.

2-  Amended  Article  IV of  the  Articles  of  Incorporation  to  increase  the
authorized shares of $.001 par value stock to two hundred million  (200,000,000)
shares of common stock.

3- Elected  three  individuals  to serve for one year or until their  successors
would be duly qualified.  Antal Markus, Allen Serwa, and Paul Holm were elected.
All three men were members of the existing Board of Directors.




                            ITEM 5. OTHER INFORMATION


          None.



                       ITEM 6. EXHIBITS AND REPORTS ON 8-K

          Amendment
a.       4.1 Amendment to Articles of Incorporation  Name
         4.2 Amendment to Articles of Incorporation - Capital
b.       Notice of Special Meeting, Proxy Information & Proxy previously filed.
c.       Report on 8K
              Filed April 10, 2001













                                       20

                                   SIGNATURES

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
     the  registrant  has duly  caused this Report to be signed in its behalf by
     the undersigned hereto duly authorized.



                                                     1ST GENX, INC.


Dated: April 16, 2001

                                             By:/S/ Antal Markus
                                                    Antal Markus
                                                    President, Director