SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

              ____________________________________________________

                                   FORM 10-KSB

(Mark One)

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2003

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ________

                         COMMISSION FILE NO.  333-70932

                           THE JACKSON RIVERS COMPANY
               (Exact name of issuer as specified in its charter)

<TABLE>
<CAPTION>
<S>                                                              <C>
                           FLORIDA                                            65-1102865
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

          27 RADIO CIRCLE DRIVE, MOUNT KISCO, NEW YORK                           10549
            (Address of principal executive offices)                           (Zip Code)

                   Registrant's telephone number, including area code: (619)-615-4242

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

Securities registered under Section 12(g) of the Exchange Act: COMMON STOCK, PAR VALUE $0.001 PER SHARE
                                                                           (Title of class)
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     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  twelve  months  (or  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-K 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. [X]

     State  issuer's  revenues  for  its  most  recent  fiscal  year:  None.
     State the aggregate market value of the voting and non-voting common equity
held  by  non-affiliates  computed by reference to the price at which the common
equity  was last sold, or the average bid and asked price of such common equity,
as  of  March  31,  2004:  $0.055.

     Indicate  the  number  of  shares  outstanding  of each of the registrant's
classes  of  common  stock  as  of  March  31,  2004:  79,432,750.

     Documents  incorporated  by  reference:  None.


<PAGE>
<TABLE>
<CAPTION>
                                            TABLE OF CONTENTS

<S>       <C>                                                                                          <C>
Item 1.   Business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
Item 2.   Description of Property.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
Item 3.   Legal Proceedings.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
Item 4.   Submission of Matters to a Vote of Security Holders.. . . . . . . . . . . . . . . . . . . .  7
Item 5.   Market for Common Equity and Related Stockholder Matters. . . . . . . . . . . . . . . . . .  8
Item 6.   Management's Discussion and Analysis or Plan of Operation.. . . . . . . . . . . . . . . . .  9
Item 7.   Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Item 8.   Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. . . . 12
Item 8A.  Controls and Procedures.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Item 9.   Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a)
          of the Exchange Act.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Item 10.  Executive Compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Item 11.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
          Matters.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Item 12.  Certain Relationships and Related Transactions. . . . . . . . . . . . . . . . . . . . . . . 16
Item 13.  Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Item 14.  Principal Accountant Fees and Services. . . . . . . . . . . . . . . . . . . . . . . . . . . 17
</TABLE>


                                     PART I

ITEM 1.   BUSINESS.

     The Jackson Rivers Company was originally organized to provide short-term
loans to consumers wishing to finance funeral arrangements for their deceased
loved ones, while payment of benefits from insurance companies on the lives of
the deceased are pending.  Due to a change in control of our company discussed
below and because of the difficulty in securing a line of credit or other
sources of funding to establish a loan portfolio large enough to support our
operations and return a profit, we abandoned our plans to pursue short-term
financing of funeral arrangements.

     Through our wholly-owned subsidiary, Jackson Rivers Technologies, Inc., we
have entered the business of providing customized information management
systems.  We expect to provide innovative solutions for integrating financial
and customer information; managing manufacturing processes; reducing inventory;
and standardizing human resource information.  We have recently acquired
exclusive distribution rights to a product called STEPS (Straight Through
Enterprise Processing Systems).  STEPS is a proprietary Java-based platform used
to create customized information management applications and information
management systems.

MARKETS AND MARKETING

     We plan to market our business management software development platform
throughout the United States, Mexico and Canada by utilizing various business
software developers, solutions providers and system integrators.  Our clients,
the solutions providers, are expected to develop customized business
applications, using our platform for their clients in less time and with fewer
programming, database management, and development resources.  We hope to expand
our client base and win market share by offering established experts in the
various business functions such as supply-chain management and customer
relations management to bundle their expertise with our development platform to
deliver highly effective business management applications.

OUR ORGANIZATION

     We were incorporated in Florida in May 2001. Our executive office is
located at 27 Radio Circle Drive, Mount Kisco, New York 10549. The number to
call for information is (619) 615-4242. We are a development stage


<PAGE>
company and do not presently have any substantial assets or operating business.
To date, our activities have been limited to organization, business planning and
development, raising capital, and registration of our shares.

     We have two wholly-owned subsidiaries, Jackson Rivers Technologies, Inc., a
Nevada corporation, and JRC Global Products, Inc., a Nevada corporation.

     In this Form 10-KSB Annual Report, references to "us" refer to The Jackson
Rivers Company and our subsidiaries, unless the context indicates otherwise.

CHANGE IN CONTROL

     As of September 30, 2003, we have settled all claims with our former
chairman and controlling stockholder, Mr. Don A. Paradiso, for approximately
$19,000.  Effective June 19, 2003 Don A. Paradiso resigned as our director,
president, secretary and treasurer, and Dennis N. Lauzon was elected our
director, president, secretary and treasurer.  At that time, Mr. Lauzon acquired
1,000,000 shares of our common stock, or approximately 5.67 percent of our
common stock, from Mr. Paradiso.

     On February 23, 2004, Mr. Lauzon contributed to us all of the issued and
outstanding shares of Jackson Rivers Technologies, Inc., a Nevada corporation,
in exchange for a commitment by us that we would issue 80,000,000 shares of our
common stock to him once the shares became available.  On February 23, 2004, our
authorized shares of common stock consisted of 100,000,000 shares, but we only
had 39,567,250 shares available to issue to Mr. Lauzon.  We agreed that we would
issue 80,000,000 shares to Mr. Lauzon at the time we increase our authorized
shares of common stock to such a level so as to permit the issuance of the
shares needed to satisfy the remaining obligation to Mr. Lauzon.  By virtue of
such contribution, Jackson Rivers Technologies became one of our wholly-owned
subsidiaries.

     Likewise, on February 23, 2004, Mr. Lauzon contributed to us all of his
shares in JRC Global Products, Inc. as a contribution to our capital.

SUBSEQUENT EVENT

     On February 24, 2004, Jackson Rivers Technologies, Inc. entered into an LLC
Interest Purchase Agreement with Multitrade Technologies LLC, a New York limited
liability company ("MTT") pursuant to which Jackson Rivers Technologies
purchased all of the assets of MTT which were related to MTT's business of
software development and the licensing to sell the software.  We intend to use
the assets purchased from MTT to expand our customer base and product offerings.
In consideration of the transfer of the assets by MTT to Jackson Rivers
Technologies, we agreed to transfer to Joseph Khan, the sole owner of MTT,
20,000,000 shares of our common stock once they became available after we
increase our authorized shares of common stock.  Following the closing of the
LLC interest purchase transaction, our president, Dennis Lauzon, was elected as
the chairman of the board of Jackson Rivers Technologies, responsible for sales
and marketing, and Mr. Khan was elected as a member of the board and its
president and chief executive officer, responsible for product delivery and
strategic alliances.

EMPLOYEES

     As of December 31, 2003 we employed three full-time employees.  None of
these employees are covered under a collective bargaining agreement.

RISK  FACTORS

RISKS RELATING TO OUR BUSINESS

FUTURE CAPITAL REQUIREMENTS; UNCERTAINTY OF FUTURE FUNDING.

     Our plan of operation calls for additional capital to facilitate growth and
support our long-term development and marketing programs.  It is likely that we
will have to seek additional financing through future public or private sales of
our securities, including equity securities.  We may also seek funding for the
development and marketing of our products through strategic partnerships and
other arrangements with investment partners.


                                        3
<PAGE>
There can be no assurance, however, that such collaborative arrangements or
additional funds will be available when needed, or on terms acceptable to us, if
at all.  Any such additional financing may result in significant dilution to
existing stockholders.  If adequate funds are not available we may be required
to curtail one or more of our future programs.

SUBSTANTIAL DOUBT THAT WE CAN CONTINUE AS A GOING CONCERN.

     We expect to incur significant capital expenses in pursuing our plans to
increase sales volume, expanding our product lines and obtaining additional
financing through stock offerings, or licensing agreements or other feasible
financing alternatives.  In order for us to continue our operations, we will
require additional funds over the next 12 months.  While we hope we will be able
to generate funds necessary to maintain our operations, without additional funds
there will be a reduction in the number of new projects that we could take on,
which may have an effect on our ability to maintain our operations.  Additional
financing may not be available on terms favorable to us, or at all. If
additional funds are not available, we may not be able to execute our business
plan or take advantage of business opportunities.  Our ability to obtain such
additional financing and to achieve our operating goals is uncertain.  In the
event that we do not obtain additional capital or are not able to increase cash
flow through the increase of sales, there is a substantial doubt of our being
able to continue as a going concern.

     Additionally, it should be noted that our independent auditors have
included a going concern opinion and related discussion in the notes to our
financial statements.  The auditors have included the going concern provision
because we have incurred significant and recurring losses and have a large
working capital deficit that the auditors believe raises substantial doubt about
our ability to continue as a going concern.  Until such time we receive
additional debt or equity financing, there is a risk that our auditors will
continue to include a going concern provision in the notes to our financial
statements.

PROPRIETARY RIGHTS.

     We rely on contractual rights, trade secrets, trademarks, and copyrights to
establish and protect our proprietary rights in our products and our components.
We intend to closely monitor competing product introductions for any
infringement of our proprietary rights.  We believe that, as the demand for
products such as those developed by us increase, infringement of intellectual
property rights may also increase.  If certain industry competitors infringe on
our proprietary rights, they may have substantially greater financial,
technical, and legal resources than we, which could adversely affect our ability
to defend our rights.  In addition, we could incur substantial costs in
defending our rights.

DEPENDENCE ON KEY EMPLOYEES.

     Our business is dependent upon our senior executive officers, principally,
Dennis Lauzon, our president and chief executive officer, who is responsible for
our operations, including marketing and business development.  Although we do
not have an employment agreement with Mr. Lauzon, he has indicated a desire to
continue his employment with us for the long term.  Our business may be
adversely affected if Mr. Lauzon left our employ.  In the event of future growth
in administration, marketing, manufacturing and customer support functions, we
may have to increase the depth and experience of our management team by adding
new members.  Our success will depend to a large degree upon the active
participation of our key officers and employees.  Loss of services of any of the
current officers and directors, especially Mr. Lauzon, could have a significant
adverse effect on our operations and prospects.  There can be no assurance that
we will be able to employ qualified persons on acceptable terms to replace
officers who become unavailable.

NEED FOR ADDITIONAL SPECIALIZED PERSONNEL.

     Although we are committed to the continued development and growth of our
business, the addition of specialized key personnel and sales persons to assist
us in our expansion of our national operations will be necessary.  There can be
no assurance that we will be able to locate and hire such specialized personnel
on acceptable terms.


                                        4
<PAGE>
WE MAY FACE SIGNIFICANT COMPETITION.

     There are numerous corporations, firms and individuals that are engaged in
the type of business activities in which we engage.  Many of those entities are
more experienced and enjoy substantially greater financial, technical and
personnel resources than we possess.  While we hope to be competitive with other
similar companies, there can be no assurance that such will be the case.

DEPENDENCE ON ABILITY TO MARKET PRODUCTS AND SERVICES.

     Due to our limited resources, the sales and marketing of our products has
been limited to date.  Our success is dependent upon our ability to market and
sell our products and services with such limited resources.

RISKS RELATING TO OUR STOCK

WE MAY NEED TO RAISE ADDITIONAL CAPITAL.  IF WE ARE UNABLE TO RAISE NECESSARY
ADDITIONAL CAPITAL, OUR BUSINESS MAY FAIL OR OUR OPERATING RESULTS AND OUR STOCK
PRICE MAY BE MATERIALLY ADVERSELY AFFECTED.

     Because we are a newly operational company, we need to secure adequate
funding.  If we are unable to obtain adequate funding, we may not be able to
successfully develop and market our products and services and our business will
most likely fail.  We do not have commitments for additional financing.  To
secure additional financing, we may need to borrow money or sell more
securities, which may reduce the value of our outstanding securities.  We may be
unable to secure additional financing on favorable terms or at all.

     Selling additional stock, either privately or publicly, would dilute the
equity interests of our stockholders.  If we borrow more money, we will have to
pay interest and may also have to agree to restrictions that limit our operating
flexibility.  If we are unable to obtain adequate financing, we may have to
curtail business operations which would have a material negative effect on
operating results and most likely result in a lower stock price.

OUR COMMON STOCK HAS EXPERIENCED IN THE PAST, AND IS EXPECTED TO EXPERIENCE IN
THE FUTURE, SIGNIFICANT PRICE AND VOLUME VOLATILITY, WHICH SUBSTANTIALLY
INCREASES THE RISK THAT YOU MAY NOT BE ABLE TO SELL YOUR SHARES AT OR ABOVE THE
PRICE THAT YOU PAY FOR THE SHARES.

     Because of the limited trading market for our common stock, and because of
the possible price volatility, you may not be able to sell your shares of common
stock when you desire to do so.  During 2002 and 2003, and through the date of
this Annual Report, our common stock was sold and purchased at prices that
ranged from a high of $0.09 to a low of $0.01 per share.  The inability to sell
your shares in a rapidly declining market may substantially increase your risk
of loss because of such illiquidity because the price for our common stock may
suffer greater declines due to its price volatility.

     The price of our common stock that will prevail in the market may be higher
or lower than the price you pay.  Certain factors, some of which are beyond our
control, that may cause our share price to fluctuate significantly include, but
are not limited to, the following:

-    Variations in our quarterly operating results;

-    Our ability to complete the research and development of our technologies;

-    The development of a market in general for our products and services;

-    Changes in market valuations of similar companies;

-    Announcement by us or our competitors of significant contracts,
     acquisitions, strategic partnerships, joint ventures or capital
     commitments;

-    Loss of a major customer or failure to complete significant transactions;


                                        5
<PAGE>
-    Additions or departures of key personnel; and

-    Fluctuations in stock market price and volume.

     Additionally, in recent years the stock market in general, and the OTC
Bulletin Board and technology stocks in particular, have experienced extreme
price and volume fluctuations.  In some cases, these fluctuations are unrelated
or disproportionate to the operating performance of the underlying company.
These market and industry factors may materially and adversely affect our stock
price, regardless of our operating performance.

     Over the past few months, there have been periods of significant increases
in trading volume of our common stock during which the price of our stock has
both increased and decreased.  The historical trading of our common stock is not
necessarily an indicator of how it will trade in the future and our trading
price as of the date of this Annual Report does not necessarily portend what the
trading price of our common stock might be in the future.

     Moreover, class action litigation has often been brought against companies
following periods of volatility in the market price of the common stock of those
companies.  If we become involved in this type of litigation in the future, it
could result in substantial costs and diversion of management attention and
resources, which could have a further negative effect on your investment in our
stock.

OUR DIRECTORS HAVE THE RIGHT TO AUTHORIZE THE ISSUANCE OF PREFERRED STOCK AND
ADDITIONAL SHARES OF OUR COMMON STOCK.

     Our directors, within the limitations and restrictions contained in our
articles of incorporation and without further action by our stockholders, have
the authority to issue shares of preferred stock from time to time in one or
more series and to fix the number of shares and the relative rights, conversion
rights, voting rights, and terms of redemption, liquidation preferences and any
other preferences, special rights and qualifications of any such series.  We
have no intention of issuing preferred stock at the present time.  Any issuance
of preferred stock could adversely affect the rights of holders of our common
stock.

     Should we issue additional shares of our common stock at a later time, each
investor's ownership interest in our stock would be proportionally reduced.  No
investor will have any preemptive right to acquire additional shares of our
common stock, or any of our other securities.

IF WE FAIL TO REMAIN CURRENT ON OUR REPORTING REQUIREMENTS, WE COULD BE REMOVED
FROM THE OTC BULLETIN BOARD WHICH WOULD LIMIT THE ABILITY OF BROKER-DEALERS TO
SELL OUR SECURITIES AND THE ABILITY OF STOCKHOLDERS TO SELL THEIR SECURITIES IN
THE SECONDARY MARKET.

     Companies trading on the OTC Bulletin Board, such as we, must be reporting
issuers under Section 12 of the Securities Exchange Act of 1934, as amended, and
must be current in their reports under Section 13, in order to maintain price
quotation privileges on the OTC Bulletin Board.  If we fail to remain current on
our reporting requirements, we could be removed from the OTC Bulletin Board.  As
a result, the market liquidity for our securities could be severely adversely
affected by limiting the ability of broker-dealers to sell our securities and
the ability of stockholders to sell their securities in the secondary market.

OUR COMMON STOCK IS SUBJECT TO THE "PENNY STOCK" RULES OF THE SEC AND THE
TRADING MARKET IN OUR SECURITIES IS LIMITED, WHICH MAKES TRANSACTIONS IN OUR
STOCK CUMBERSOME AND MAY REDUCE THE VALUE OF AN INVESTMENT IN OUR STOCK.

     The Securities and Exchange Commission has adopted Rule 15g-9 which
establishes the definition of a "penny stock," for the purposes relevant to us,
as any equity security that has a market price of less than $5.00 per share or
with an exercise price of less than $5.00 per share, subject to certain
exceptions.  Inasmuch as that the current bid and ask price of common stock is
less than $5.00 per share, our shares are classified as "penny stock" under the
rules of the SEC.  For any transaction involving a penny stock, unless exempt,
the rules require:

-    That a broker or dealer approve a person's account for transactions in
     penny stocks; and


                                        6
<PAGE>
-    The broker or dealer receives from the investor a written agreement to the
     transaction, setting forth the identity and quantity of the penny stock to
     be purchased.

     In order to approve a person's account for transactions in penny stocks,
the broker or dealer must:

-    Obtain financial information and investment experience objectives of the
     person; and

-    Make a reasonable determination that the transactions in penny stocks are
     suitable for that person and the person has sufficient knowledge and
     experience in financial matters to be capable of evaluating the risks of
     transactions in penny stocks.

     The broker or dealer must also deliver, prior to any transaction in a penny
stock, a disclosure schedule prescribed by the Commission relating to the penny
stock market, which, in highlight form:

-    Sets forth the basis on which the broker or dealer made the suitability
     determination; and

-    That the broker or dealer received a signed, written agreement from the
     investor prior to the transaction.

     Generally, brokers may be less willing to execute transactions in
securities subject to the "penny stock" rules.  This may make it more difficult
for investors to dispose of our common stock and cause a decline in the market
value of our stock.

     Disclosure also has to be made about the risks of investing in penny stocks
in both public offerings and in secondary trading and about the commissions
payable to both the broker-dealer and the registered representative, current
quotations for the securities and the rights and remedies available to an
investor in cases of fraud in penny stock transactions.  Finally, monthly
statements have to be sent disclosing recent price information for the penny
stock held in the account and information on the limited market in penny stocks.

ITEM 2.   DESCRIPTION OF PROPERTY.

     We lease office space at 27 Radio Circle Drive, Mount Kisco, New York,
10549 starting in February 2004. Our lease costs $900 per month and is scheduled
to expire on December 31, 2004. We also lease office space at 402 West Broadway,
Suite 400 San Diego, California 92101. The original six month lease was from
August 2003 through January 2004. The lease is currently month to month, at the
cost of $1,018 base rent per month and other monthly fixed office cost of $535.

ITEM 3.   LEGAL PROCEEDINGS.

     None.

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

     None.


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<PAGE>
                                     PART II

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

     Our common stock is quoted on the OTC Bulletin Board under the symbol
"JRVR."  Our stock was not actively traded until October 2002, and the following
table sets forth, for the fiscal quarters indicated, the high and low sales
prices.  These quotations reflect inter-dealer prices, without mark-up,
mark-down or commission, and may not represent actual transactions.

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<CAPTION>
          CALENDAR YEAR 2002   HIGH    LOW
<S>                           <C>     <C>
          First Quarter        N/A     N/A
          Second Quarter       N/A     N/A
          Third Quarter       $ 0.01  $0.01
          Fourth Quarter      $ 0.09  $0.01

          CALENDAR YEAR 2003   HIGH    LOW
          First Quarter       $ 0.06  $0.03
          Second Quarter      $ 0.06  $0.03
          Third Quarter       $ 0.10  $0.03
          Fourth Quarter      $ 0.09  $0.02

          CALENDAR YEAR 2004   HIGH    LOW
          First Quarter       $0.08_  $0.01
</TABLE>

     We currently have 79,432,750 shares of our common stock outstanding.  Our
shares of common stock are held by approximately 531 stockholders of record.
The number of record holders was determined from the records of our transfer
agent and does not include beneficial owners of common stock whose shares are
held in the names of various security brokers, dealers, and registered clearing
agencies.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

     None.

RECENT SALES OF UNREGISTERED SECURITIES

     None.

SECTION 15(g) OF THE EXCHANGE ACT

     The shares of our common stock are covered by Section 15(g) of the Exchange
Act, and Rules 15g-1 through 15g-6 promulgated thereunder, which impose
additional sales practice requirements on broker-dealers who sell our securities
to persons other than established customers and accredited investors.

     Rule 15g-2 declares unlawful any broker-dealer transactions in "penny
stocks" unless the broker-dealer has first provided to the customer a
standardized disclosure document.

     Rule 15g-3 provides that it is unlawful for a broker-dealer to engage in a
"penny stock" transaction unless the broker-dealer first discloses and
subsequently confirms to the customer the current quotation prices or similar
market information concerning the penny stock in question.

     Rule 15g-4 prohibits broker-dealers from completing "penny stock"
transactions for a customer unless the broker-dealer first discloses to the
customer the amount of compensation or other remuneration received as a result
of the penny stock transaction.

     Rule 15g-5 requires that a broker-dealer executing a "penny stock"
transaction, other than one exempt under Rule 15g-1, disclose to its customer,
at the time of or prior to the transaction, information about the sales person's
compensation.


                                        8
<PAGE>
     Our common stock may be subject to the foregoing rules.  The application of
the "penny stock" rules may affect our stockholders' ability to sell their
shares because some broker-dealers may not be willing to make a market in our
common stock because of the burdens imposed upon them by the "penny stock"
rules.

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

     Statements included in this Management's Discussion and Analysis or Plan of
Operation, and in future filings by us with the Securities and Exchange
Commission, in our press releases and in oral statements made with the approval
of an authorized executive officer which are not historical or current facts are
"forward-looking statements" made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and are subject to certain
risks and uncertainties that could cause actual results to differ materially
from historical earnings and those presently anticipated or projected.  We wish
to caution readers not to place undue reliance on any such forward-looking
statements, which speak only as of the date made.  The following important
factors, among others, in some cases have affected and in the future could
affect our actual results and could cause our actual financial performance to
differ materially from that expressed in any forward-looking statement: (i) the
extremely competitive conditions that currently exist in the market for "blank
check" companies similar to us, and (ii) lack of resources to maintain our good
standing status and requisite filings with the Securities and Exchange
Commission.  The foregoing list should not be construed as exhaustive and we
disclaim any obligation subsequently to revise any forward-looking statements to
reflect events or circumstances after the date of such statements or to reflect
the occurrence of anticipated or unanticipated events.

     As of the end of 2003, we have abandoned our plans to pursue short-term
financing of funeral arrangements. We are now in the business of IT consulting
and providing customized information management systems.  We plan to provide
innovative solutions for integrating financial and customer information;
managing manufacturing processes; reducing inventory; and standardizing human
resource information.  We will use patented, proprietary software to offer
business management solutions that are customized for various business
environments.

     Because we lack capital, an investment in us involves a very high degree of
risk.

CRITICAL ACCOUNTING POLICIES

     The preparation of our consolidated financial statements in conformity with
accounting principles generally accepted in the United States requires us to
make estimates and judgments that affect our reported assets, liabilities,
revenues, and expenses, and the disclosure of contingent assets and liabilities.
We base our estimates and judgments on historical experience and on various
other assumptions we believe to be reasonable under the circumstances.  Future
events, however, may differ markedly from our current expectations and
assumptions.  While there are a number of significant accounting policies
affecting our consolidated financial statements, we believe the following
critical accounting policy involve the most complex, difficult and subjective
estimates and judgments.

STOCK-BASED COMPENSATION

     In December 2002, the FASB issued SFAS No. 148 - Accounting for Stock-Based
Compensation - Transition and Disclosure.  This statement amends SFAS No. 123 -
Accounting for Stock-Based Compensation, providing alternative methods of
voluntarily transitioning to the fair market value based method of accounting
for stock based employee compensation.  FAS 148 also requires disclosure of the
method used to account for stock-based employee compensation and the effect of
the method in both the annual and interim financial statements.  The provisions
of this statement related to transition methods are effective for fiscal years
ending after December 15, 2002, while provisions related to disclosure
requirements are effective in financial reports for interim periods beginning
after December 31, 2002.

     We elected to continue to account for stock-based compensation plans using
the intrinsic value-based method of accounting prescribed by APB No. 25,
"Accounting for Stock Issued to Employees," and related interpretations.  Under
the provisions of APB No. 25, compensation expense is measured at the grant date
for the difference between the fair value of the stock and the exercise price.


                                        9
<PAGE>
YEAR 2003 COSTS AND CHANGES IN FINANCIAL CONDITIONS

     As of the date of this report, we have not engaged in any business
activities which provide cash flow, and have not recorded any revenues from
operations.

RESULTS OF OPERATIONS

     During the year ended December 31, 2003, we incurred an operating loss of
$629,735 and no revenues. The loss featured, sales, marketing, general,
administrative and interest expenses. Interest income was $6.00 in 2003,
interest expense in 2002 was $42.00.

LIQUIDITY AND CAPITAL RESOURCES

     As discussed by our accountants in the audited financial statements
included in Item 7 of this Annual Report on Form 10-KSB, our revenue is
currently insufficient to cover our costs and expenses.

     To date, we have not generated any revenues. As a result of the operating
losses from our inception through December 31, 2003, we generated a cash flow
deficit of $333,013 from operating activities. As of December 31, 2003, our
current assets exceeded the current liabilities by $2,646. For the period from
inception through December 31, 2003, we have accumulated losses of $817,278.
Consequently, our operations are subject to all risks inherent in the
establishment of a new business enterprise.

     Dennis N. Lauzon, our sole director and executive officer, continues to
provide us the funds needed to continue our development and operations.  To the
extent our revenue shortfall exceeds Mr. Lauzon's willingness and ability to
continue providing us the funds needed, we anticipate raising any necessary
capital from outside investors coupled with bank or mezzanine lenders.  As of
the date of this report, we have not entered into any negotiations with any
third parties to provide such capital.

     We anticipate that our current financing strategy of private debt and
equity offerings will meet its anticipated objectives and business operations
for the next 12 months.  We continue to evaluate opportunities for corporate
development.  Subject to our ability to obtain adequate financing at the
applicable time, we may enter into definitive agreements on one or more of those
opportunities.

     Our independent auditor's report on our December 31, 2003 financial
statements included in this Annual Report states that our lack of sources of
revenues raise substantial doubts about our ability to continue as a going
concern.


                                       10
<PAGE>
RECENT ACCOUNTING PRONOUNCEMENTS

     In January 2003, the FASB issued Interpretation No. 46, "Consolidation of
Variable Interest Entities."  Interpretation 46 changes the criteria by which
one company includes another entity in its consolidated financial statements.
Previously, the criteria were based on control through voting interest.
Interpretation 46 requires a variable interest entity to be consolidated by a
company if that company is subject to a majority of the risk of loss from the
variable interest entity's activities or entitled to receive a majority of the
entity's residual returns or both.  A company that consolidates a variable
interest entity is called the primary beneficiary of that entity.  The
consolidation requirements of Interpretation 46 apply immediately to variable
interest entities created after January 31, 2003.  The consolidation
requirements apply to older entities in the first fiscal year or interim period
beginning after June 15, 2003.  Certain of the disclosure requirements apply in
all financial statements issued after January 31, 2003, regardless of when the
variable interest entity was established.  We do not expect the adoption to have
a material impact to our financial position or results of operations.


                                       11
<PAGE>
     In April 2003, the FASB issued Statement of Financial Accounting Standards
(SFAS) No. 149, Amendment of Statement No. 133 on Derivative Instruments and
Hedging Activities.  SFAS 149 amends SFAS No. 133 to provide clarification on
the financial accounting and reporting of derivative instruments and hedging
activities and requires that contracts with similar characteristics be accounted
for on a comparable basis.  The provisions of SFAS 149 are effective for
contracts entered into or modified after June 30, 2003, and for hedging
relationships designated after June 30, 2003.  The adoption of SFAS 149 did not
have a material impact on our results of operations or financial position.

     In May 2003, the FASB issued SFAS No. 150, Accounting for Certain Financial
Instruments with Characteristics of Both Liabilities and Equity. SFAS 150
establishes standards on the classification and measurement of certain financial
instruments with characteristics of both liabilities and equity.  The provisions
of SFAS 150 are effective for financial instruments entered into or modified
after May 31, 2003 and to all other instruments that exist as of the beginning
of the first interim financial reporting period beginning after June 15, 2003.
The adoption of SFAS 150 did not have a material impact on our results of
operations or financial position.

In December 2003, the FASB issued SFAS No. 132 (revised), EMPLOYERS' DISCLOSURES
ABOUT PENSIONS AND OTHER POSTRETIREMENT BENEFITS - AN AMENDMENT OF FASB

STATEMENTS NO. 87, 88, and 106. This statement retains the disclosure
requirements contained in FASB statement no. 132, Employers' Disclosures about
Pensions and Other Postretirement Benefits, which it replaces. It requires
additional disclosures to those in the original statement 132 about the assets,
obligations, cash flows, and net periodic benefit cost of defined benefit
pension plans and other define benefit postretirement plans. The required
information should be provided separately for pension plans and for other
postretirement benefit plans. The revision applies for the first fiscal or
annual interim period ending after December 15, 2003 for domestic pension plans
and June 15, 2004 for foreign pension plans and requires certain new disclosures
related to such plans. The adoption of this statement will not have a material
impact on the Company's results of operations or financial positions.

RECENT DEVELOPMENTS

     Please see Item 1 of this Annual Report for the discussion of our proposed
operations going forward since February 24, 2004.

OFF-BALANCE SHEET ARRANGEMENTS

     We do not have any off-balance sheet arrangements.

ITEM 7.   FINANCIAL STATEMENTS.

     The financial statements and related notes are included as part of this
Annual Report as indexed in the appendix on page F-1 through F-18.

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

     On September 16, 2003, we terminated the client-auditor relationship with
Michaelson & Co., P.A. Michaelson & Co., P.A.'s reports on the financial
statements for the year ended December 31, 2002 and the period May 8, 2001 (date
of inception) through December 31, 2002 did not contain an adverse opinion or
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles. During the year ended December 31, 2002
and the period May 8, 2001 (date of inception) through December 31, 2002, and
the subsequent interim period through September 16, 2003 the Company has not had
any disagreements with Michaelson on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Michaelson & Co., P.A.,
would have caused it to make reference to the subject matter of the
disagreements in connection with its reports on the financial statements for
such periods.

     The decision to change accountants was recommended by our board of
directors.

     Regulation S-K Item 304(a)(1)(v) is not applicable.

     On September 22, 2003 we engaged Russell Bedford Stefanou Mirchandani LLP,
certified public accountants, as our independent accountants to report on our
balance sheet as of December 31, 2003, and the related combined statements of
income, stockholders' equity and cash flows for the year then ended.  The
decision to appoint Russell Bedford Stefanou Mirchandani LLP was approved by our
board of directors.

     During our two most recent fiscal years and any subsequent interim period
prior to the engagement of Russell Bedford Stefanou Mirchandani LLP, neither we
nor anyone on our behalf consulted with Russell Bedford Stefanou Mirchandani LLP
regarding either (i) the application of accounting principles to a specified
transaction, either contemplated or proposed, or the type of audit opinion that
might be rendered on our financial statements or (ii) any matter that was either
the subject of a "disagreement" or a "reportable event."


                                       12
<PAGE>
     We have requested the former accountants to furnish us with a letter
addressed to the Commission stating whether it agrees with the statements made
by the registrant, and, if not, stating the respects in which they do not agree.
We included the former accountant's letter as Exhibit 16 of our Form 8-K/A filed
with the SEC on October 20, 2003.

ITEM 8A.  CONTROLS AND PROCEDURES.

     Disclosure controls and procedures are controls and other procedures that
are designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange Commission's rules and forms.  Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that
information required to be disclosed by us in the reports that we file under the
Exchange Act is accumulated and communicated to our management, including our
principal executive and financial officers, as appropriate to allow timely
decisions regarding required disclosure.

     Evaluation of disclosure and controls and procedures.  As of the end of the
period covered by this Annual Report, we conducted an evaluation, under the
supervision and with the participation of our chief executive officer and chief
financial officer, of our disclosure controls and procedures (as defined in
Rules 13a-15(e) of the Exchange Act).  Based on this evaluation, our chief
executive officer and chief financial officer concluded that our disclosure
controls and procedures are effective to ensure that information required to be
disclosed by us in reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified
in Securities and Exchange Commission rules and forms.

     Changes in internal controls over financial reporting.  There was no change
in our internal controls, which are included within disclosure controls and
procedures, during our most recently completed fiscal quarter that has
materially affected, or is reasonably likely to materially affect, our internal
controls.

                                    PART III

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

     Our sole director and executive officer is:

<TABLE>
<CAPTION>
NAME           AGE                    POSITION                    POSITION HELD SINCE
-------------  ---  --------------------------------------------  -------------------
<S>            <C>  <C>                                           <C>
Dennis Lauzon   48  Director, President, Secretary and Treasurer         2003
</TABLE>

     Dennis Lauzon has a B.S. degree from Springfield College.  Mr. Lauzon has
served as president of Radel Marketing Corporation in Katonah, New York, since
its formation, in 1981.  He was also the founder and principal owner of Updated
Profit Systems, a company providing computerized service system for the
automotive industry.  Mr. Lauzon also served as a consultant for companies
developing various POS marketing and sales programs and coupon fraud protection
systems, such as Nabisco, HP, and Seagram's.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

     Under Section 16(a) of the Exchange Act, our directors and certain of our
officers, and persons holding more than 10 percent of our common stock are
required to file forms reporting their beneficial ownership of our common stock
and subsequent changes in that ownership with the Securities and Exchange
Commission.  Such persons are also required to furnish us with copies of all
forms so filed.

     Based solely upon a review of copies of such forms filed on Forms 3, 4, and
5, and amendments thereto furnished to us, we believe that during the year ended
December 31, 2003, our executive officers, directors and greater than 10 percent
beneficial owners complied on a timely basis with all Section 16(a) filing
requirements.


                                       13
<PAGE>
COMMITTEES OF THE BOARD OF DIRECTORS

     Compensation Committee.  Our board of directors has created a compensation
committee.  However, no members of the committee have been appointed and the
committee has not been formally organized.  The compensation committee will make
recommendations to the board of directors concerning salaries and compensation
for our executive officers and employees.  We have adopted a charter for the
compensation committee.

     Audit Committee.  Our board of directors has created an audit committee
which is directly responsible for the appointment, compensation, and oversight
of the work of any registered public accounting firm employed by us (including
resolution of disagreements between our management and the auditor regarding
financial disclosure) for the purpose of preparing or issuing an audit report or
related work.  The audit committee will also review and evaluate our internal
control functions.  However, no members of the committee have been appointed and
the committee has not been formally organized.  We have adopted a charter for
the audit committee.

CHANGE IN CONTROL

     On June 19, 2003, as a direct result of the transaction referred to in Item
1 hereof, Dennis Lauzon became a "control person" of The Jackson Rivers Company
as that term is defined in the Securities Act.  Additionally, with the
consummation of the transactions referred to in Item 1 of this Annual Report,
Mr. Lauzon was elected the sole director and officer of The Jackson Rivers
Company.

CODE OF ETHICS

     We have adopted a code of ethics that applies to our principal executive
officer, principal financial officer, principal accounting officer or
controller, or persons performing similar functions.  The code of ethics is
designed to deter wrongdoing and to promote:

-    Honest and ethical conduct, including the ethical handling of actual or
     apparent conflicts of interest between personal and professional
     relationships;

-    Full, fair, accurate, timely, and understandable disclosure in reports and
     documents that we file with, or submits to, the SEC and in other public
     communications made by us;

-    Compliance with applicable governmental laws, rules and regulations;

-    The prompt internal reporting of violations of the code to an appropriate
     person or persons identified in the code; and

-    Accountability for adherence to the code.

     A copy of our code of ethics that applies to our principal executive
officer, principal financial officer, principal accounting officer or
controller, or persons performing similar functions is attached to this Annual
Report as an exhibit.  We have filed with the SEC a copy of the code of ethics
attached hereto.  We have posted a copy of the code of ethics on our website at
www.jacksonrivers.com.

     We will provide to any person without charge, upon request, a copy of our
code of ethics.  Any such request should be directed to our corporate secretary
at 27 Radio Circle Drive, Mount Kisco, New York 10549, telephone number (619)
615-4242.

ITEM 10.  EXECUTIVE COMPENSATION.

SUMMARY OF CASH AND CERTAIN OTHER COMPENSATION

     None of our officers or directors received any compensation for services
from our date of inception (March 8, 2001) to December 31, 2003.  Our sole
director has agreed to act without compensation until operations have commenced.


                                       14
<PAGE>
Employment Agreements

     We do not have an employment agreement with our sole director and officer,
Dennis Lauzon, or with any of our other employees.  However, we do have a
Consulting Services Agreement with Radel Marketing Corporation, a company which
is owned and controlled by Mr. Lauzon.  Pursuant to the agreement we paid Radel
Marketing the sum of $87,000 in 2003.

     Under  the agreement with Radel, which is dated August 1, 2003, Radel is to
provide  us  various  services  which  include:

-    Business Solutions;

-    Business Validation;

-    Contract Negotiations; and

-    Public Relations.

     We were obligated to pay Radel $8,000 weekly commencing on September 24,
2003.  The payment terms of the agreement expired on December 31, 2003.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
          RELATED STOCKHOLDER MATTERS.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The following table sets forth, as of March 31, 2004, information
concerning ownership of our securities by:

-    Each person who owns beneficially more than five percent of the outstanding
     shares of our common stock;

-    Each  director;

-    Each  named  executive  officer;  and

-    All  directors  and  officers  as  a  group.

<TABLE>
<CAPTION>
                                                               SHARES BENEFICIALLY OWNED (2)
                                                              -------------------------------
NAME OF BENEFICIAL OWNER (1)                                      NUMBER          PERCENT
------------------------------------------------------------  --------------  ---------------
<S>                                                           <C>             <C>
Dennis Lauzon (3) . . . . . . . . . . . . . . . . . . . . . .   81,000,000        45.14%
Joseph Khan (4) . . . . . . . . . . . . . . . . . . . . . . .   20,000,000        11.15%
All directors and executive officers as a group (one person).   81,000,000        45.14%
                                                                              ===============
</TABLE>
___________________
*    Less than one percent.
(1)  Unless otherwise indicated, the address for each of these stockholders is
     c/o The Jackson Rivers Company, 27 Radio Circle Drive, Mount Kisco, New
     York 10549. Also, unless otherwise indicated, each person named in the
     table above has the sole voting and investment power with respect to our
     shares of common stock which he or she beneficially owns.
(2)  Beneficial  ownership  is  determined  in  accordance with the rules of the
     Securities and Exchange Commission. As of the date of this Annual Report,
     there were issued and outstanding 79,432,750 shares of our common stock,
     before giving any consideration to the issuance of the additional
     100,000,000 shares we are obligated to issue
(3)  The  shares  reflected as being owned by Mr. Lauzon take into consideration
     the obligation we have to issue him an additional 80,000,000 shares of our
     common stock as a result of the exchange by him of his shares of Jackson
     Rivers Technologies, Inc. As of the date of this Annual Report, Mr. Lauzon
     owns 1,000,000 shares of our common stock, while we have outstanding
     79,432,750 shares of our common stock. See Item 1 of this Annual Report.
(4)  Mr.  Khan  is  entitled to receive 20,000,000 shares of our common stock as
     soon as we can increase our authorized shares. See Item 1 of this Annual
     Report.

     There are no arrangements, known to us, including any pledge by any person
of our securities, the operation of which may at a subsequent date result in a
change in control of The Jackson Rivers Company.


                                       15
<PAGE>
     There are no arrangements or understandings among members of both the
former and the new control groups and their associates with respect to election
of directors or other matters.

     The foregoing description of the transactions is qualified in its entirety
to the information contained in Item 1 of this Annual Report and the full text
of the LLC Interest Purchase Agreement, previously filed by us as an exhibit to
a Current Report on Form 8-K.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     As of September 30, 2003, we have settled all claims with our former
chairman and controlling stockholder, Mr. Don A. Paradiso, for approximately
$19,000.  Effective June 19, 2003 Don A. Paradiso resigned as our director,
president, secretary and treasurer, and Dennis N. Lauzon was elected our
director, president, secretary and treasurer.  At that time, Mr. Lauzon acquired
1,000,000 shares of our common stock, or approximately 5.67 percent of our
common stock, from Mr. Paradiso.

     On February 23, 2004, Mr. Lauzon contributed to us all of the issued and
outstanding shares of Jackson Rivers Technologies, Inc., a Nevada corporation,
in exchange for a commitment by us that we would issue 80,000,000 shares of our
common stock to him once the shares became available.  On February 23, 2004, our
authorized shares of common stock consisted of 100,000,000 shares, but we only
had 39,567,250 shares available to issue to Mr. Lauzon.  We agreed that we would
issue 80,000,000 shares to Mr. Lauzon at the time we increase our authorized
shares of common stock to such a level so as to permit the issuance of the
shares needed to satisfy the obligation to Mr. Lauzon.  By virtue of such
contribution, Jackson Rivers Technologies became one of our wholly-owned
subsidiaries.

     Likewise, on February 23, 2004, Mr. Lauzon contributed to us all of his
shares in JRC Global Products, Inc. as a contribution to our capital.

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

     (a)  Financial Statement Schedules.

     None.

     (b)  Exhibits

<TABLE>
<CAPTION>
EXHIBIT NO.  IDENTIFICATION OF EXHIBIT
-----------  --------------------------------------------------------------------------------------------------------
<S>          <C>
  3.1 *      Articles of Incorporation filed May 8, 2001 (incorporated by reference to Exhibit A filed with Form SB-2
             October 4, 2001).
  3.2 *      Bylaws (incorporated by reference to Exhibit 3(ii) filed with Form SB-2 October 4, 2001).
  10.1 **    Consulting Services Agreement dated August 1, 2003.
  10.2 **    Amended LLC Interest Purchase Agreement dated February 24, 2004 between Multitrade Technologies LLC, Joe
             Khan, Jackson Rivers Technologies, Inc., and The Jackson Rivers Company
  14 **      Code of Ethics.
  21 **      Subsidiaries.
  23.1       Consent of Independent Auditors
  23.2       Consent of Independent Auditors
  31.1 **    Certification of Dennis Lauzon, President and Chief Executive Officer of The Jackson Rivers Company,
             pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002.
  31.2 **    Certification of Dennis Lauzon, Chief Financial Officer and Treasurer of The Jackson Rivers Company,
             pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002.
  32.1 **    Certification of Dennis Lauzon, President and Chief Executive Officer of The Jackson Rivers Company,
             pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.
  32.2 **    Certification of Dennis Lauzon, Chief Financial Officer and Treasurer of The Jackson Rivers Company,
             pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.
</TABLE>
___________
* Previously Filed
** Filed Herewith


                                       16
<PAGE>
     (c)  Reports on Form 8-K.

     Form  8-K  filed  on  June 19, 2003 with respect to changes in control, the
resignation  of  Don  A.  Paradiso  as  our  director,  president, secretary and
treasurer  and  the  election  of  Dennis  Lauzon  as  our  director, president,
secretary  and  treasurer.

     Form 8-K filed on October 2, 2003 with respect to changes in our certifying
accountant.

     Form  8-K/A  filed  on  October  20,  2003  with  respect to changes in our
certifying  accountant.

ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.


     The following table sets forth fees billed to us by our auditors during the
years  ended December 31, 2003 and 2002 for: (i) services rendered for the audit
of  our  annual  financial  statements and the review of our quarterly financial
statements,  (ii)  services  by  our  auditor that are reasonably related to the
performance  of the audit or review of our financial statements and that are not
reported  as  Audit  Fees,  (iii)  services  rendered  in  connection  with  tax
compliance,  tax  advice  and tax planning, and (iv) all other fees for services
rendered.

<TABLE>
<CAPTION>
                           December 31, 2003   December 31, 2002
                           ------------------  ------------------
<S>                        <C>                 <C>
(i)    Audit Fees          $            9,000  $            9,700
(ii)   Audit Related Fees                   0                   0
(iii)  Tax Fees                           500                 500
(iv)   All Other Fees                       0               1,100
                           ------------------  ------------------
       Total fees          $            9,500  $           11,300
                           ==================  ==================
</TABLE>
---------------------------

     AUDIT  FEES. Consists of fees billed for professional services rendered for
the  audit  of  Jackson  Rivers  Company's consolidated financial statements and
review  of  the  interim consolidated financial statements included in quarterly
reports  and  services  that are normally provided by our auditors in connection
with  statutory  and  regulatory  filings  or  engagements.

     AUDIT-RELATED  FEES.  Consists  of  fees  billed  for assurance and related
services  that  are reasonably related to the performance of the audit or review
of  Jackson  Rivers  Company's  consolidated  financial  statements  and are not
reported  under  "Audit  Fees." There were no Audit-Related services provided in
fiscal  2003  or  2002.

     TAX  FEES.  Consists  of  fees  billed  for  professional  services for tax
compliance,  tax  advice  and  tax  planning.

     ALL  OTHER  FEES. Consists of fees for products and services other than the
services  reported  above. There were no management consulting services provided
in  fiscal  2003  or  2002.

POLICY  ON  AUDIT  COMMITTEE  PRE-APPROVAL  OF  AUDIT  AND PERMISSIBLE NON-AUDIT
SERVICES  OF  INDEPENDENT  AUDITORS

     The  Company  currently  does  not  have  a designated Audit Committee, and
accordingly,  the  Company's  Board  of  Directors' policy is to pre-approve all
audit  and  permissible non-audit services provided by the independent auditors.
These  services may include audit services, audit-related services, tax services
and  other  services.  Pre-approval is generally provided for up to one year and
any  pre-approval  is  detailed  as  to  the  particular  service or category of
services and is generally subject to a specific budget. The independent auditors
and  management  are  required  to periodically report to the Company's Board of
Directors  regarding the extent of services provided by the independent auditors
in accordance with this pre-approval, and the fees for the services performed to
date.  The  Board  of  Directors  may  also pre-approve particular services on a
case-by-case  basis.


                                       17
<PAGE>
                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this Annual Report to be signed
on its behalf by the undersigned, thereunto duly authorized.

                                   THE JACKSON RIVERS COMPANY

Date: April 12, 2004

                                   By /s/ Dennis Lauzon
                                     -------------------------------------------
                                     Dennis Lauzon,
                                     President, Chief Executive Officer


     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, this Annual Report has been signed by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.

         Signature                      Title                      Date
     -----------------       --------------------------       --------------
     /s/ Dennis Lauzon       President, Chief Executive       April 12, 2004
   ---------------------
       Dennis Lauzon            Officer and Director


                                       18
<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                       FINANCIAL STATEMENTS AND SCHEDULES

                           DECEMBER 31, 2002 AND 2001




                         FORMING A PART OF ANNUAL REPORT

                 PURSUANT TO THE SECURITIES EXCHANGE ACT OF 1934


                           THE JACKSON RIVERS COMPANY


<PAGE>
<TABLE>
<CAPTION>
                               INDEX TO FINANCIAL STATEMENTS

                                                                                  Page No.
                                                                                 ----------
<S>                                                                              <C>
Reports of Independent Certified Public Accountants                              F-3 - F-4
Consolidated Balance Sheet:
December 31, 2003                                                                   F-5

Consolidated Statements of Losses:
For the years ended December 31, 2003 and 2002, and the period from May 8, 2001
(date of inception) through December 31, 2003                                       F-6

Consolidated Statements of Stockholders' Equity:
For the period from May 8, 2001 (date of inception) through December 31, 2003       F-7

Consolidated Statements of Cash Flows:
For the years ended December 31, 2003 and 2002, and the period from May 8, 2001
(date of inception) through December 31, 2003                                       F-8

Notes to Consolidated Financial Statements                                       F-9 - F-18
</TABLE>


<PAGE>
                    RUSSELL BEDFORD STEFANOU MIRCHANDANI LLP
                          CERTIFIED PUBLIC ACCOUNTANTS

               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
               --------------------------------------------------


Board of Directors
The Jackson Rivers Company
Mt.  Kisco,  New  York

     We  have audited the accompanying consolidated balance sheet of The Jackson
Rivers  Company and its wholly-owned subsidiaries (the "Company"), a development
stage  company,  as of December 31, 2003 and the related consolidated statements
of  losses, stockholders' equity, and cash flows for the year then ended and for
the  period  from  May  8,  2001  (date of inception) through December 31, 2003.
These  financial  statements are the responsibility of the Company's management.
Our  responsibility is to express an opinion on these financial statements based
upon  our  audits.

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

     In  our  opinion,  the  consolidated financial statements referred to above
present  fairly, in all material respects, the financial position of the Company
as  of  December  31, 2003, and the results of its operations and its cash flows
for  the  year  then  ended  and the period from May 8, 2001 (date of inception)
through  December  31,  2003, in conformity with accounting principles generally
accepted  in  the  United  States  of  America.  We  express  no  opinion on the
cumulative  period  from  inception  through  December  31,  2002.

     The  accompanying  consolidated  financial  statements  have  been prepared
assuming  the Company will continue as a going concern. As discussed in the Note
H  to  the accompanying consolidated financial statements, the Company is in the
development  stage  and  has  not  established a source of revenues. This raises
substantial  doubt  about  the Company's ability to continue as a going concern.
Management's  plans  in  regard  to  this  matter  are  described in Note H. The
consolidated  financial  statements  do  not  include any adjustments that might
result  from  the  outcome  of  this  uncertainty.


                                   /s/RUSSELL BEDFORD STEFANOU  MIRCHANDANI  LLP

                                   ---------------------------------------------
                                   RUSSELL BEDFORD STEFANOU MIRCHANDANI  LLP
                                   Certified Public Accountants


McLean,  Virginia
March 6, 2004


                                      F-3
<PAGE>
INDEPENDENT AUDITORS' REPORT


To  the  Board  of  Directors  and  Stockholders,

The  Jackson  Rivers  Company
Pompano  Beach,  Florida

We have audited the accompanying balance sheets of The Jackson Rivers Company (a
Florida corporation and a development stage company) as of December 31, 2002 and
2001  and the related statements of operations, changes in stockholders' equity,
and cash flows for the periods from inception, May 8, 2001, through December 31,
2001  and  2002.  These  financial  statements  are  the  responsibility  of the
Company's  management.  Our  responsibility  is  to  express an opinion on these
financial  statements  based  on  our  audit.

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

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects, the financial position of The Jackson Rivers Company as
of  December  31,  2002 and 2001, and the results of its operations and its cash
flows  for the period from inception, May 8, 2001, through December 31, 2002 and
2001,  in conformity with accounting principles generally accepted in the United
States  of  America.


Michaelson & Company, P.A.
Certified Public Accountants
1655 Palm Beach Lakes Blvd., Suite 710
West Palm Beach, Florida 33401 (561) 683-6800


February  15,  2003


                                      F-4
<PAGE>
<TABLE>
<CAPTION>
                             THE JACKSON RIVERS COMPANY
                           (A DEVELOPMENT STAGE COMPANY)
                             CONSOLIDATED BALANCE SHEET
                              AS OF DECEMBER 31, 2003
<S>                                                                      <C>
ASSETS
Current assets:
  Cash and cash equivalents                                              $  14,820
  Prepaid expenses and deposits                                              3,455
                                                                         ----------
    Total current assets                                                    18,275

Property, plant and equipment, net of accumulated depreciation of $341       3,756

Total Assets                                                             $  22,031
                                                                         ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable and accrued liabilities                               $  15,529
  Advances from related parties (Note D)                                       100
                                                                         ----------
    Total current liabilities                                               15,629

Commitments and contingencies (Note G)                                           -

Stockholders' equity (Note B):
Common stock, par value; $.001, authorized 100,000,000 shares;              39,433
39,432,750 shares issued and outstanding at December 31, 2003

Additional paid-in capital                                                 843,747
Stock subscription                                                         (59,500)
Deficit accumulated during development stage                              (817,278)
                                                                         ----------
Total stockholders' equity                                                   6,402

Total liabilities and stockholders' equity                               $  22,031
                                                                         ==========
</TABLE>

             See accompanying notes to consolidated financial statements


                                      F-5
<PAGE>
<TABLE>
<CAPTION>
                                            THE JACKSON RIVERS COMPANY
                                           (A DEVELOPMENT STAGE COMPANY)
                                         CONSOLIDATED STATEMENTS OF LOSSES

                                                  For the year ended December 31,      For the period from May 8,
                                                                                        2001 (date of inception)
                                                      2003               2002          through December 31, 2003
                                               ------------------  -----------------           -----------------
<S>                                            <C>                 <C>                <C>
Operating expenses:
Selling, general, and administrative           $         642,257   $        172,595   $                   829,334
Depreciation                                                 341                424                           765
                                               ------------------  -----------------  ----------------------------
Total operating expenses                                 642,598            173,019                       830,099

Loss from operations                                    (642,598)          (173,019)                     (830,099)

Other income (Note D)                                     12,857                  -                        12,857
Interest income (expense)                                      6                (42)                          (36)
                                               ------------------  -----------------  ----------------------------

Net loss before provision for income taxes              (629,735)          (173,061)                     (817,278)

Provision for income taxes                                     -                  -                             -
                                               ------------------  -----------------  ----------------------------

Net loss                                       $        (629,735)  $       (173,061)  $                  (817,278)
                                               ==================  =================  ============================

Earnings (losses) per share, basic and fully   $           (0.03)  $          (0.01)
                                               ==================  =================
diluted (Note F)

Basic and diluted weighted average number of          21,111,928         13,042,438
shares outstanding
</TABLE>

             See accompanying notes to consolidated financial statements


                                      F-6
<PAGE>
<TABLE>
<CAPTION>
                                                    THE JACKSON RIVERS COMPANY
                                                   (A DEVELOPMENT STAGE COMPANY)
                                          CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                             FOR THE PERIOD FROM MAY 8, 2001 (DATE OF INCEPTION) TO DECEMBER 31, 2003

                                                      Common      Stock     Additional       Stock        Accumulated
                                                                             Paid-In
                                                                           ------------
                                                       Stock      Amount     Capital      Subscription      Deficit       Total
                                                    -----------  --------  ------------  --------------  -------------  ----------
<S>                                                 <C>          <C>       <C>           <C>             <C>            <C>
BALANCE AT MAY 8, 2001                                       -   $     -   $         -   $           -   $          -   $       -
Issuance of common stock in June 2001 in exchange   10,000,000    10,000         5,000               -              -      15,000
for cash at $.0015 per share, net of costs and
fees
Net loss                                                     -         -             -               -        (14,482)    (14,482)
                                                    -----------  --------  ------------  --------------  -------------  ----------
BALANCE AT DECEMBER 31, 2001                        10,000,000   $10,000   $     5,000   $           -   $    (14,482)  $     518
                                                    ===========  ========  ============  ==============  =============  ==========
Common stock subscription in February 2002 at                -         -             -          42,500              -      42,500
0.04 per share
Common stock subscription in March 2002 at $0.04             -         -             -          29,500              -      29,500
per share
Issuance of common stock for common stock            1,800,000     1,800        70,200         (72,000)             -           -
subscribed in February and March 2002 at $0.04
per share
Common stock subscription in April 2002                      -         -             -           8,750              -       8,750
Issuance of common stock for common stock              218,750       219         8,531          (8,750)             -           -
subscribed in April 2002 at $0.04 per share
Rescission of common stock in August 2002              (62,500)      (63)       (2,437)              -              -      (2,500)
Issuance of common stock in September 2002 in          250,000       250         9,750               -              -      10,000
exchange for cash at $.04 per share, net of costs
and fees
Issuance of common stock in exchange for services    2,500,000     2,500        47,500               -              -      50,000
in September 2002 at $0.02 per share
Issuance of common stock in exchange for services    2,926,500     2,927        55,603               -              -      58,530
in November 2002 at $0.02 per share
Net loss                                                     -         -             -               -       (173,061)   (173,061)
                                                    -----------  --------  ------------  --------------  -------------  ----------
BALANCE AT DECEMBER 31, 2002                        17,632,750   $17,633   $   194,147   $           -   $   (187,543)  $  24,237
                                                    ===========  ========  ============  ==============  =============  ==========
Issuance of common stock in exchange for services    3,000,000     3,000        87,000               -              -      90,000
in August 2003 at $0.03 per share
Issuance of common stock in exchange for options     1,200,000     1,200        31,099               -              -      32,299
exercised in August 2003 at approximately $0.03
per share
Issuance of common stock in exchange for services      800,000       800        47,200               -              -      48,000
in September 2003 at $0.06 per share
Issuance of common stock in exchange for options       600,000       600        30,000               -              -      30,600
exercised in September 2003 at approximately
0.05 per share
Issuance of common stock in exchange for options     1,500,000     1,500        87,751               -              -      89,251
exercised in October 2003 at approximately $0.06
per share
Issuance of common stock in exchange for options     1,500,000     1,500        49,500               -              -      51,000
exercised in October 2003 at approximately $0.03
per share
Issuance of common stock in exchange for services    3,000,000     3,000       117,000               -              -     120,000
in November 2003 at $0.04 per share
Issuance of common stock in exchange for options     1,500,000     1,500        36,750               -              -      38,250
exercised in November 2003 at approximately $0.03
per share
Issuance of common stock in exchange for services    1,200,000     1,200        34,800               -              -      36,000
in December 2003 at $0.03 per share
Issuance of common stock in exchange for options     1,000,000     1,000        24,500               -              -      25,500
exercised in December 2003 at approximately $0.03
per share
Issuance of common stock in exchange for options     6,500,000     6,500       104,000         (59,500)             -      51,000
exercised in December 2003 at approximately $0.01
per share
Net loss                                                     -         -             -               -       (629,735)   (629,735)
                                                    -----------  --------  ------------  --------------  -------------  ----------
BALANCE AT DECEMBER 31, 2003                        39,432,750   $39,433   $   843,747   $     (59,500)  $   (817,278)  $   6,402
                                                    ===========  ========  ============  ==============  =============  ==========
</TABLE>


           See accompanying notes to consolidated financial statements


                                      F-7
<PAGE>
<TABLE>
<CAPTION>
                                                 THE JACKSON RIVERS COMPANY
                                               (A DEVELOPMENT STAGE COMPANY)
                                           CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                                       For the year ended December 31,    For the period
                                                                                                         from May 8, 2001
                                                                                                        (date of inception)
                                                                                                         through December
                                                                            2003            2002             31, 2003
                                                                       --------------  --------------  --------------------
<S>                                                                    <C>             <C>             <C>
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss from operation                                                $    (629,735)  $    (173,061)  $          (817,278)
Adjustments to reconcile net loss to net cash used in operating
activities:
Depreciation                                                                     341             424                   765
Common stock issued in exchange for consulting services rendered             294,000         108,530               402,530
(Note B)
Common stock issued in exchange for employee services rendered                67,624               -                67,624
(Note B and C)
Loss from disposal of equipment                                                1,272               -                 1,272
(Increase) decrease in prepaid expenses                                        1,547          (5,000)               (3,455)
Increase (decrease) in accounts payable and accrued liabilities, net           4,082          11,287                15,529
                                                                       --------------  --------------  --------------------
Net cash (used in) operating activities                                     (260,869)        (57,820)             (333,013)

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures                                                          (4,098)         (1,696)               (5,793)
                                                                       --------------  --------------  --------------------
Net cash (used in) investing activities                                       (4,098)         (1,696)               (5,793)

CASH FLOWS FROM FINANCING ACTIVITIES:
Related party advances, net of repayments (Note D)                               100               -                   100
Proceeds from the sale of common stock, net of costs and fees                250,276          88,250               353,526
                                                                       --------------  --------------  --------------------
(Note B)
Net cash provided by financing activities                                    250,376          88,250               353,626

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                         (14,591)         28,734                14,820
Cash and cash equivalents at beginning of period                              29,411             677                     -
                                                                       --------------  --------------  --------------------
Cash and cash equivalents at end of period                             $      14,820   $      29,411   $            14,820
                                                                       ==============  ==============  ====================

Supplemental Disclosure of Cash Flows Information:
Cash paid during the period for interest                               $           -   $          42                    42
Cash paid during the period for income taxes                                       -               -                     -
Common stock issued in exchange for consulting services rendered             294,000         108,530               402,530
(Note B)
Common stock issued in exchange for employee services rendered                67,624               -                67,624
(Note B and C)
Employee stock purchase plan (Note B and C):
Common stock issued under employee stock purchase plan                       377,400               -               377,400
Less: stock subscription receivable                                          (59,500)              -               (59,500)
Less: common stock retained by employees                                     (67,624)              -               (67,624)
                                                                       --------------  --------------  --------------------
Net proceeds from the sale of common stock                             $     250,276   $           -   $           250,276
                                                                       ==============  ==============  ====================
</TABLE>


           See accompanying notes to consolidated financial statements


                                      F-8
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES

A  summary  of the significant accounting policies applied in the preparation of
the  accompanying  consolidated  financial  statements  follows.

Business  and  Basis  of  Presentation
--------------------------------------

The Jackson Rivers Company (the "Company") was incorporated on May 8, 2001 under
the  laws  of  the  State  of  Florida.  The  Company does not presently conduct
business  operations  and is in the process of raising capital and financing for
its  future  operations.

The  Company  is  in the development stage, as defined by Statement of Financial
Accounting  Standards  No. 7 ("SFAS No. 7").  To date, the Company has generated
no sales revenues, has incurred expenses and has sustained losses. Consequently,
its  operations  are subject to all the risks inherent in the establishment of a
new  business  enterprise.  For  the  period from inception through December 31,
2003,  the  Company  has  accumulated  losses  of  $817,278.

The  consolidated  financial  statements include the accounts of the Company and
its  wholly-owned subsidiaries, Jackson Rivers Technologies, Inc. and JRC Global
Products,  Inc.  Significant  intercompany  transactions  and accounts have been
eliminated  in  consolidation.

Revenue  Recognition
--------------------

The  Company  will  follow a policy of recognizing revenue when the products are
shipped  or  when  services  are  provided  to  customers.

Advertising
-----------

The  Company follows the policy of charging the costs of advertising to expenses
as  incurred.  The  Company  incurred  no  advertising costs for the years ended
December 31, 2003, 2002, and for the period from May 8, 2001 (date of inception)
to  December  31,  2003.

Cash  Equivalents
-----------------

For  purposes  of the Statements of Cash Flows, the Company considers all highly
liquid  debt  instruments purchased with a maturity date of three months or less
to  be  cash  equivalents.

Property  and  Equipment
------------------------

For  financial  statement  purposes, property and equipment are recorded at cost
and  depreciated  using  the  straight-line  method  over their estimated useful
lives.  Depreciation  expense  included  as a charge to income amounted to $341,
$424 and $765 for the year ended December 31, 2003, 2002 and the period from May
8,  2001  (date  of  inception)  to  December  31,  2003,  respectively.


                                      F-9
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

Income  Taxes
-------------

Income  taxes are provided based on the liability method for financial reporting
purposes  in accordance with the provisions of Statement of Financial Accounting
Standards No. 109, "Accounting for Income Taxes." Under this method deferred tax
assets  and  liabilities  are  recognized  for  the  future  tax  consequences
attributable  to differences between the financial statement carrying amounts of
existing  assets  and  liabilities  and  are  measured  using  enacted tax rates
expected  to  apply  to  taxable  income  in  the years in which those temporary
differences  are  expected to be removed or settled.  The effect on deferred tax
assets  and liabilities of a change in tax rates is recognized in the statements
of  operations  in  the  period  that  includes  the  enactment  date.

Earnings Per Share
------------------

The  Company  has  adopted  Statement of Financial Accounting Standards No. 128,
"Earnings  Per  Share,"  specifying the computation, presentation and disclosure
requirements  of  earnings  per share information.  Basic earnings per share has
been  calculated  based  upon  the  weighted  average  number  of  common shares
outstanding.  Stock  options  and  warrants  have  been excluded as common stock
equivalents  in  the  diluted  earnings  per  share  because  they  are  either
antidilutive,  or  their  effect  is  not  material.

Impairment  of  Long-Lived  Assets
----------------------------------

The  Company  has  adopted  Statement  of Financial Accounting Standards No. 144
("SFAS  144").  The  Statement  requires  that  long-lived  assets  and  certain
identifiable intangibles held and used by the Company be reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of
an  asset  may not be recoverable. Events relating to recoverability may include
significant  unfavorable  changes in business conditions, recurring losses, or a
forecasted  inability  to  achieve break-even operating results over an extended
period.  The  Company  evaluates  the  recoverability of long-lived assets based
upon  forecasted  undercounted  cash  flows.  Should  an  impairment in value be
indicated,  the  carrying  value of intangible assets will be adjusted, based on
estimates  of  future  discounted cash flows resulting from the use and ultimate
disposition  of  the asset.  SFAS No. 144 also requires assets to be disposed of
be  reported at the lower of the carrying amount or the fair value less costs to
sell.

Use  of  Estimates
------------------

The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  certain  reported  amounts and disclosures.  Accordingly, actual results
could  differ  from  those  estimates.


                                      F-10
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

Research and Development
------------------------

The  Company  accounts for research and development costs in accordance with the
Financial  Accounting  Standards  Board's  Statement  of  Financial  Accounting
Standards  No.  2  ("SFAS  2"),  "Accounting for Research and Development Costs.
Under  SFAS  2, all research and development costs must be charged to expense as
incurred.  Accordingly,  internal research and development costs are expensed as
incurred.  Third-party  research  and  developments  costs are expensed when the
contracted  work  has been performed or as milestone results have been achieved.
Company-sponsored  research  and  development  costs related to both present and
future  products  are  expensed  in the period incurred. The Company incurred no
research  and  product  development  costs for the year ended December 31, 2003,
2002  and  for  the  period from May 8, 2001 (date of inception) to December 31,
2003.

Concentrations of Credit Risk
-----------------------------

Financial instruments and related items which potentially subject the Company to
concentrations  of  credit  risk consist primarily of cash, cash equivalents and
trade  receivables.  The  Company places its cash and temporary cash investments
with  credit  quality institutions.  At times, such investments may be in excess
of  the  FDIC  insurance  limit.  The Company will periodically review its trade
receivables  in  determining  its  allowance  for  doubtful  accounts.

Stock  Based  Compensation
--------------------------

In  December  2002,  the  FASB  issued SFAS No. 148, "Accounting for Stock-Based
Compensation-Transition and Disclosure-an amendment of SFAS 123." This statement
amends  SFAS  No.  123,  "Accounting  for  Stock-Based Compensation," to provide
alternative methods of transition for a voluntary change to the fair value based
method  of  accounting  for stock-based employee compensation. In addition, this
statement  amends  the  disclosure  requirements  of  SFAS  No.  123  to require
prominent  disclosures in both annual and interim financial statements about the
method of accounting for stock-based employee compensation and the effect of the
method  used  on reported results. The Company has chosen to continue to account
for  stock-based compensation using the intrinsic value method prescribed in APB
Opinion  No.  25  and related interpretations. Accordingly, compensation expense
for stock options is measured as the excess, if any, of the fair market value of
the  Company's  stock  at  the  date of the grant over the exercise price of the
related option. The Company has adopted the annual disclosure provisions of SFAS
No.  148  in its financial reports for the year ended December 31, 2003 and will
adopt  the  interim  disclosure  provisions  for  its  financial reports for the
subsequent  periods.  The  Company  has  no  awards  of  stock-based  employee
compensation  outstanding  at  December  31,  2003.

Liquidity
---------

As  shown  in  the accompanying financial statements, the Company has incurred a
net loss of $817,278 from its inception through December 31, 2003. The Company's
current  assets  exceeded  its  current liabilities by $2,646 as of December 31,
2003.


                                      F-11
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

Comprehensive Income
--------------------

Statement  of  Financial  Accounting  Standards No. 130 ("SFAS 130"), "Reporting
Comprehensive  Income,"  establishes  standards  for reporting and displaying of
comprehensive  income,  its  components and accumulated balances.  Comprehensive
income  is  defined to include all changes in equity except those resulting from
investments  by  owners  and  distributions to owners.  Among other disclosures,
SFAS  130  requires  that  all  items  that  are required to be recognized under
current  accounting  standards as components of comprehensive income be reported
in  a  financial  statement  that is displayed with the same prominence as other
financial  statements.  The  Company  does  not  have any items of comprehensive
income  in  any  of  the  periods  presented.

a)   Segment Information
     -------------------

b)   Statement  of  Financial  Accounting  Standards No. 131, "Disclosures about
Segments  of  an  Enterprise  and  Related Information" ("SFAS 131") establishes
standards  for  reporting  information  regarding  operating  segments in annual
financial  statements and requires selected information for those segments to be
presented  in  interim  financial reports issued to stockholders.  SFAS 131 also
establishes  standards  for  related disclosures about products and services and
geographic  areas.  Operating  segments  are  identified  as  components  of  an
enterprise  about which separate discrete financial information is available for
evaluation  by  the chief operating decision maker, or decision-making group, in
making  decisions  how  to  allocate  resources  and  assess  performance.  The
information  disclosed  herein  materially  represents  all  of  the  financial
information  related  to  the  Company's  principal  operating  segment.

Reclassifications
-----------------

Certain reclassifications have been made in prior year's financial statements to
conform  to  classifications  used  in  the  current  year.

New Accounting Pronouncements
-----------------------------

In  January  2003,  the  FASB  issued  Interpretation  No. 46, "Consolidation of
Variable Interest Entities." Interpretation 46 changes the criteria by which one
company  includes  another  entity  in  its  consolidated  financial statements.
Previously,  the  criteria  were  based  on  control  through  voting  interest.
Interpretation  46  requires  a variable interest entity to be consolidated by a
company  if  that  company is subject to a majority of the risk of loss from the
variable  interest  entity's activities or entitled to receive a majority of the
entity's  residual  returns  or  both.  A  company  that consolidates a variable
interest  entity  is  called  the  primary  beneficiary  of  that  entity.  The
consolidation  requirements  of  Interpretation 46 apply immediately to variable
interest entities created after January 31, 2003. The consolidation requirements
apply  to  older  entities  in the first fiscal year or interim period beginning
after  June  15,  2003.  Certain  of  the  disclosure  requirements apply in all
financial  statements  issued  after  January  31,  2003, regardless of when the
variable  interest  entity  was established. The adoption of FASB interpretation
no. 46 will not have a material impact on the Company's results of operations or
financial  position.


                                      F-12
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

New Accounting Pronouncements (Continued)
-----------------------------------------

In  April  2003,  the  FASB  issued  Statement of Financial Accounting Standards
(SFAS) No. 149, AMENDMENT OF STATEMENT 133 ON DERIVATIVE INSTRUMENTS AND HEDGING
ACTIVITIES.  SFAS  149  amends  SFAS  No.  133  to  provide clarification on the
financial  accounting  and  reporting  of  derivative  instruments  and  hedging
activities and requires that contracts with similar characteristics be accounted
for  on  a  comparable  basis.  The  provisions  of  SFAS  149 are effective for
contracts  entered  into  or  modified  after  June  30,  2003,  and for hedging
relationships  designated after June 30, 2003. The adoption of SFAS 149 will not
have  a  material  impact  on  the  Company's results of operations or financial
position.

In  May  2003,  the  FASB  issued SFAS No. 150, ACCOUNTING FOR CERTAIN FINANCIAL
INSTRUMENTS  WITH  CHARACTERISTICS  OF  BOTH  LIABILITIES  AND  EQUITY. SFAS 150
establishes standards on the classification and measurement of certain financial
instruments  with characteristics of both liabilities and equity. The provisions
of  SFAS  150  are  effective for financial instruments entered into or modified
after  May  31, 2003 and to all other instruments that exist as of the beginning
of  the  first interim financial reporting period beginning after June 15, 2003.
The  adoption  of  SFAS  150  will  not  have a material impact on the Company's
results  of  operations  or  financial  position.

In December 2003, the FASB issued SFAS No. 132 (revised), EMPLOYERS' DISCLOSURES
ABOUT  PENSIONS  AND  OTHER  POSTRETIREMENT  BENEFITS  -  AN  AMENDMENT  OF FASB
STATEMENTS  NO.  87,  88,  AND  106.  This  statement  retains  the  disclosure
requirements  contained  in FASB statement no. 132, Employers' Disclosures about
Pensions  and  Other  Postretirement  Benefits,  which  it replaces. It requires
additional  disclosures to those in the original statement 132 about the assets,
obligations,  cash  flows,  and  net  periodic  benefit  cost of defined benefit
pension  plans  and  other  defined  benefit  postretirement plans. The required
information  should  be  provided  separately  for  pension  plans and for other
postretirement  benefit  plans.  The  revision  applies  for the first fiscal or
annual  interim period ending after December 15, 2003 for domestic pension plans
and June 15, 2004 for foreign pension plans and requires certain new disclosures
related  to  such plans. The adoption of this statement will not have a material
impact  on  the  Company's  results  of  operations  or  financial  positions.

NOTE  B  -  CAPITAL  STOCK

The  Company has authorized 100,000,000 shares of common stock, with a par value
of  $.001  per share. As of December 31, 2003, the Company has 39,432,750 shares
of  common  stock  issued  and  outstanding.


                                      F-13
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  B  -  CAPITAL  STOCK  (CONTINUED)

In  June  2001,  the  Company issued an aggregate of 10,000,000 shares of common
stock  to  founders  in  exchange  for  $15,000  of cash, net of costs and fees.

On  February 8, 2002, the Company's registration statement became effective. The
statement provided for the utilization of an escrow agent for the proceeds of an
offering  of  common  stock,  pending  the  sale of the minimum number of shares
(15,000,000).  However,  the  bank  which  the Company believed had committed to
serve  as escrow agent eventually declined to serve due to the small size of the
offering.  The  Company  revised  the  subscription  agreement,  accepted
subscriptions  made  payable  to  the Company (instead of the escrow agent), and
deposited  subscription funds received into the Company's operating account. The
Company  then  issued  shares  of  stock  to  subscribers  prior  to  receiving
subscriptions for the stated minimum of 15,000,000 shares.  Management corrected
the  subscription  acceptance  errors  by  closing  the offering and extending a
rescission  offer  to  all  investors.  A  total of three investors accepted the
rescission  offer;  the  investors'  shares  certificates  were  returned to the
Company  and  cancelled,  and  a  total  of $2,500 was refunded to the investors
(representing  a  total  of  62,500 shares of common stock).  As of December 31,
2002,  the  rescission  offer  had expired according to its express terms and no
further  requests  will  be  honored.

During the year ended December 31, 2002, the Company received a total of $80,750
in  deposits  on  thirty-seven  subscription  agreements  for the purchase of an
aggregate  of  2,018,750  shares  of  common  stock  at  $0.04 per share.  As of
December  31,  2002, the Company had received payment in full and had issued the
shares  related  to  these  subscriptions.

In  September  2002, the Company issued an aggregate of 250,000 shares of common
stock  to  sophisticated  investors  for $10,000 of cash, net of costs and fees.

In September 2002, the Company issued an aggregate of 2,500,000 shares of common
stock  to  consultants  in  exchange  for  $50,000  of  services rendered, which
approximated  the fair value of the shares issued during the period the services
were  rendered.

In  November 2002, the Company issued an aggregate of 2,926,500 shares of common
stock  to  consultants  in  exchange  for  $58,530  of  services rendered, which
approximated  the fair value of the shares issued during the period the services
were  rendered.

In  June  2003,  the  former  majority shareholder sold his 10,000,000 shares of
common  stock  to twelve investors in a private sale. As a result of this change
in ownership, a change in control was deemed to have occurred.  The new majority
shareholder,  an individual, was elected president of the Company and the former
majority  shareholder  resigned  from  the  Company's  board  of  directors.

In  August  2003,  the Company issued an aggregate of 3,000,000 shares of common
stock  to  consultants  in  exchange  for  $90,000  of  services rendered, which
approximated  the fair value of the shares issued during the period the services
were  rendered.


                                      F-14
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  B  -  CAPITAL  STOCK  (CONTINUED)

In  September  2003, the Company issued an aggregate of 800,000 shares of common
stock  to  consultants  in  exchange  for  $48,000  of  services rendered, which
approximated  the fair value of the shares issued during the period the services
were  rendered.

In  November 2003, the Company issued an aggregate of 3,000,000 shares of common
stock  to  consultants  in  exchange  for  $120,000  of services rendered, which
approximated  the fair value of the shares issued during the period the services
were  rendered.

In  December 2003, the Company issued an aggregate of 1,200,000 shares of common
stock  to  consultants  in  exchange  for  $36,000  of  services rendered, which
approximated  the fair value of the shares issued during the period the services
were  rendered.

From  August  to  December  2003,  the Company issued an aggregate of 13,800,000
shares  of common stock to officers and employees for stock options exercised at
a  price  ranging  from  $0.02 to $0.06 per share for a total of $377,400, which
approximated  85%  of  the  fair  value  of the shares issued on the date of the
options  were exercise (see Note C).  The Company received $250,276 of proceeds,
net  of costs and fees.  Stock subscription of $59,500 is due to the Company and
compensation  costs  of  $67,624  were  charged  to income during the year ended
December  31,  2003.

NOTE  C  -  EMPLOYEE  STOCK  INCENTIVE  PLAN

In  August  2003, the Company established the 2003 Employee Stock Incentive Plan
(the  "Plan"). The purpose of the Plan is to provide officers and employees, who
make  significant  contributions  to the long-term growth and performance of the
Company,  with  equity-based  compensation incentives, and to attract and retain
quality  employees.  The  maximum  number  of shares of common stock that may be
awarded or issued under the Plan is 17,000,000. The Plan will be administered by
a  Compensation  Committee (the "Committee") appointed by the board of directors
of  the  Company.

The stock option plan provides for the issuance of incentive stock options at an
exercise  price  approximating  85%  of  the  fair market value of the Company's
common  stock  on  the date of exercise (or 110% of the fair market value of the
common  stock on the date of the grant of the option, in the case of significant
stockholders).  The  maximum  life of the options is ten years.  An aggregate of
13,800,000 options were granted and all options were exercised on the grant date
during  the year ended December 31, 2003. There are no stock options outstanding
as  of  December  31,  2003.

NOTE  D  -  RELATED  PARTY  TRANSACTIONS

In  January  2002,  the  former  majority  shareholder of the Company loaned the
Company  $4,000,  all of which had been repaid as of December 31, 2002. The loan
was  short-term  in nature, for working capital purposes and bore interest of 9%
annually.


                                      F-15
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  D  -  RELATED  PARTY  TRANSACTIONS  (CONTINUED)

In  June  2003, the former majority shareholder sold 10,000,000 shares of common
stock  to twelve investors in a private sale. As part of the sale agreement, the
former  majority  shareholder  agreed  to forgive the service and facility costs
accrued  from  inception,  and to accept consulting fees of $16,892 for services
provided through the date of the sale. As a result of the forgiveness of service
and facility costs, the Company recorded $12,857 in other income during the year
ended  December  31,  2003.

An  entity controlled by the Company's officer has advanced funds to the Company
for working capital purposes. The amount of the advances at December 31, 2003 is
$100.  No  formal  repayment  terms  or  arrangements  exist.

NOTE  E  -  INCOME  TAXES

The Company has adopted Financial Accounting Standard number 109, which requires
the  recognition  of deferred tax liabilities and assets for the expected future
tax consequences of events that have been included in the financial statement or
tax  returns.  Under  this  method,  deferred  tax  liabilities  and  assets are
determined based on the difference between financial statements and tax basis of
assets  and  liabilities using enacted tax rates in effect for the year in which
the  differences are expected to reverse.  Temporary differences between taxable
income  reported  for  financial  reporting purposes and income tax purposes are
insignificant.

For  income tax reporting purposes, the Company's aggregate unused net operating
losses  approximate $817,000, which expires through 2023, subject to limitations
of Section 382 of the Internal Revenue Code, as amended.  The deferred tax asset
related  to  the  carry  forward  is  approximately $277,000. Due to significant
changes in the Company's ownership, the Company's future use of its existing net
operating  losses  may  be  limited.

Components  of  deferred  tax  assets  as  of  December 31, 2003 are as follows:

<TABLE>
<CAPTION>
<S>                                             <C>
     Non-Current:
     Net operating loss carryforward            $ 277,000
     Valuation allowance                         (277,000)
                                                ----------
     Net deferred tax asset                     $       -
                                                ==========
</TABLE>

NOTE F - EARNINGS (LOSSES) PER COMMON SHARE

The following table presents the computation of basic and diluted earning (loss)
per share:

<TABLE>
<CAPTION>
                                                         2003          2002
                                                     ------------  ------------
<S>                                                  <C>           <C>
Net income (loss) available for common shareholders  $  (629,735)  $  (173,061)
                                                     ============  ============
Basic and fully diluted loss per share               $     (0.03)  $     (0.01)
                                                     ============  ============
Weighted average common shares outstanding            21,111,928    13,042,438
                                                     ============  ============
</TABLE>


                                      F-16
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  G  -  COMMITMENTS  AND  CONTINGENCIES

Lease  Agreement
----------------

In  August  2003, the Company entered into a six-months agreement leasing office
spaces  in  San  Diego, California. Monthly rentals under the lease is $1,018 of
base  rent and $535 of other fixed fees per month. Total rental expenses charged
to  income  were  $5,780, $1,186 and $6,966 for the year ended December 31, 2003
and  2002,  and  for the period from May 8, 2001 (date of inception) to December
31,  2003,  respectively.

Litigation
----------

The  Company  is  subject  to  legal  proceedings and claims, which arise in the
ordinary  course  of  its  business.  Although  occasional  adverse decisions or
settlements  may  occur, the Company believes that the final disposition of such
matters  should  not  have  a material adverse effect on its financial position,
results  of  operations  or  liquidity.

NOTE  H  -  GOING  CONCERN  MATTERS

The accompanying consolidated financial statements have been prepared on a going
concern basis, which contemplates the realization of assets and the satisfaction
of  liabilities  in  the normal course of business. As shown in the accompanying
financial  statements  during  the period May 8, 2001 through December 31, 2003,
the  Company  has  incurred  a loss of $817,278.  These factors among others may
indicate  that  the  Company will be unable to continue as a going concern for a
reasonable  period  of  time.

The  Company's  existence  is  dependent  upon  management's  ability to develop
profitable  operations  and  resolve  its  liquidity  problems.  Management
anticipates  the Company will attain profitable status and improve its liquidity
through  the  continued  developing,  marketing  and selling of its products and
additional  equity  investment  in  the  Company.  The  accompanying  financial
statements  do  not include any adjustments that might result should the Company
be  unable  to  continue  as  a  going  concern.

In  order  to  improve the Company's liquidity, the Company is actively pursuing
additional  equity  financing  through  discussions  with investment bankers and
private  investors.  There can be no assurance the Company will be successful in
its  effort  to  secure  additional  equity  financing.

If  operations  and  cash  flows  continue  to  improve  through  these efforts,
management  believes  that  the  Company  can  continue to operate.  However, no
assurance  can  be  given  that  management's  actions will result in profitable
operations  or  the  resolution  of  its  liquidity  problems.

NOTE  I  -  SUBSEQUENT  EVENTS

In  February  2004,  the  Company's  wholly  owned  subsidiary,  Jackson  Rivers
Technologies, Inc., ("JRT") entered  into  an  LLC  Interest  Purchase Agreement
with  Multitrade  Technologies LLC, a New York limited liability company ("MTT")
pursuant to which JRT  purchased  all of the assets of MTT which were related to
MTT's  business  of  software  development  and  the  licensing  to  sell  the
software  (the  "Acquisition").


                                      F-17
<PAGE>
                           THE JACKSON RIVERS COMPANY
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2003 AND 2002

NOTE  I  -  SUBSEQUENT  EVENTS  (CONTINUED)

The Company intends to use the assets purchased in the Acquisition to expand the
Company's  customer  base  and product offerings.  MTT has no significant assets
and  the  total  consideration  paid  by  JRT in connection with the Acquisition
consisted  of  20,000,000  shares  of  common  stock  of  JRC.


                                      F-18
<PAGE>