<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-QSB

(Mark One)

[X]  Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

For the quarterly period ended March 31, 2001

[ ]  Transition report pursuant to Section 13 or 15(d) of the Exchange Act

For the transition period from                  to
                               ----------------    ----------------

                         Commission file number 0-27971

                      THE FINANCIAL COMMERCE NETWORK, INC.
-------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

         Nevada                                       22-2582276
-------------------------------------------------------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification No.)
incorporation or organization)

              40 Wall Street, 31st Floor, New York, New York 10005
-------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (212) 635-9587
-------------------------------------------------------------------------------
                (Issuer's telephone number, including area code)

-------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days.

Yes  X            No
    ---              ---

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by court.

Yes               No
    ---              ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of March 31, 2001: 31,789,123
shares of common stock, par value $.001 per share.

Transitional Small Business Disclosure Format (check one):

Yes               No X
    ---             ---







<PAGE>


ITEM 1. FINANCIAL STATEMENTS

         The accompanying unaudited financial statements have been prepared by
         The Financial Commerce Network, Inc., in accordance with the rules and
         regulations of the Securities and Exchange Commission for interim
         financial statements. Accordingly, certain information and footnote
         disclosures, normally included in financial statements prepared in
         accordance with generally accepted accounting principles, have been
         condensed or omitted pursuant to such rules and regulations. In the
         opinion of management of the Company, the unaudited financial
         statements reflect all adjustments, consisting only of normal recurring
         adjustments, necessary for a fair presentation of the Company's
         financial position at March 31, 2001, its operating results for the
         three months ended March 31, 2001 and 2000, and cash flows for the
         three months ended March 31, 2001 and 2000. The balance sheet at
         December 31, 2000, has been derived from the Company's audited
         consolidated financial statements as of that date. These financial
         statements and the notes should be read in conjunction with the
         Company's audited consolidated financial statements and notes thereto
         contained in the Company's annual report on Form 10-KSB for the year
         ended December 31, 2000, filed with the Securities and Exchange
         Commission.

                      THE FINANCIAL COMMERCE NETWORK, INC.

                                      INDEX
                                      -----
<TABLE>
<CAPTION>
                                                                                  PAGE
    <S>                                                                           <C>
    CONSOLIDATED BALANCE SHEETS                                                        F2

    CONSOLIDATED STATEMENTS OF OPERATIONS                                              F3

    CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT                        F4

    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                      F5-13
</TABLE>


                                       F1







<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                           Consolidated Balance Sheets

<TABLE>
<CAPTION>
                                                                           March 31,       December 31,
                                                                             2001             2000
                                                                             ----             ----
                                                                          (Unaudited)
 <S>                                                                     <C>              <C>
                               ASSETS
                               ------
 Current Assets
   Cash and equivalents                                                $     34,405     $        572
   Marketable securities owned, at market                                     5,888            7,614
   Other securities owned, at fair value                                     13,327           13,327
   Due from clearing broker                                                 125,514          159,649
   Due from Rascals International                                           144,589          144,589
   Due from affiliates                                                      133,983          133,983
   Other current assets                                                      35,285           11,293
                                                                       -------------    -------------
           Total Current Assets                                             492,991          471,027
   Fixed assets-net                                                           8,764            9,258
   Other assets                                                              23,726           81,321
   Investment in Naturalist.com                                             250,000          250,000
                                                                       -------------    -------------
           Total Other Assets                                               273,726          331,321
                                                                       -------------    -------------
 TOTAL ASSETS                                                          $    775,481     $    811,606
                                                                       =============    =============
               LIABILITIES AND STOCKHOLDERS' EQUITY
               ------------------------------------
 Current Liabilities
   Bank loan payable                                                   $     40,580     $     38,879
   Convertible note payable                                                       -          100,000
   Accounts payable and accrued expenses                                    931,915          965,979
   Director fees payable                                                    331,875          301,250
   Commissions payable                                                        8,237           12,380
   Deferred compensation                                                    435,000          435,000
   Due to stockholders, officers and directors                              335,817          199,873
                                                                       -------------    -------------
           Total Current Liabilities                                      2,083,424        2,053,361

 Long-term Liabilities
   Bank loan payable, less current portion                                        -            7,232
   Deferred compensation                                                    656,000          656,000
   Due to affiliates                                                          5,700                -

 Stockholders' Equity
   Common stock, 50,000,000 shares authorized at $.001
     par value; issued and outstanding 31,789,123 at March 31, 2001
     and 27,649,123 at December 31, 2000                                     31,790           27,650
   Convertible preferred stock 2,000,000 shares authorized at $.001
     par value; issued and outstanding 67,500 at March 31, 2001
     and at December 31, 2000                                                    67               67
   Additional paid-in capital                                            34,063,005       33,925,841
   Deficit                                                              (35,907,919)     (35,667,942)
   Treasury stock - preferred stock, 5,000 and 5,000 shares                 (50,000)         (50,000)
   Treasury stock - common stock, 544,436 and 79,436 shares                 (81,586)        (115,603)
   Subscription receivable                                                  (25,000)         (25,000)
                                                                       -------------    -------------
           Total Stockholders' Equity                                    (1,969,643)      (1,904,987)
                                                                       -------------    -------------
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                            $    775,481     $    811,606
                                                                       =============    =============
</TABLE>


                       See Notes to Financial Statements.

                                       F2







<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                      Consolidated Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                             For the Three Months Ended
                                                                                       March 31,
                                                                               2001              2000
                                                                               ----              ----
<S>                                                                              <C>              <C>
 Revenues
 Trading and commissions                                                   $    55,733      $   871,882
 Investment banking                                                              4,000           23,669
 Interest                                                                        2,286            5,625
 Other                                                                          24,390           13,125
                                                                           ------------     ------------
                                                                                86,409          914,301
 Selling, General and Administrative Expenses
 Employee compensation and benefits                                             69,347          801,746
 Clearance fees                                                                 19,573           43,298
 Occupancy                                                                      58,744           34,052
 Communications                                                                 44,330           38,512
 Insurance                                                                       3,729           11,715
 Stock option and warrant compensation                                               -          351,236
 Other                                                                          99,432          343,938
                                                                           ------------     ------------
                                                                               295,155        1,624,497
 (Loss) from operations                                                       (208,746)        (710,196)
 Other Income and Expenses
 Interest income                                                                     1                -
 Interest expense                                                               (3,332)               -
                                                                           ------------     ------------
                                                                                (3,331)               0
                                                                           ------------     ------------
 (Loss) before income tax (benefit) and preferred stock dividends             (212,077)        (710,196)
 Income tax (benefit)                                                                -                -
                                                                           ------------     ------------
 (Loss) before preferred stock dividends                                      (212,077)        (710,196)
 Preferred Stock dividends                                                     (27,900)         (29,896)
                                                                           ------------     ------------
 Net (loss) applicable to common shares                                    $  (239,977)     $  (740,092)
                                                                           ============     ============
 Basic and diluted (loss) per share                                        $     (0.01)     $     (0.03)
                                                                           ============     ============
 Basic and diluted average shares outstanding                               29,706,456       21,355,431
                                                                           ============     ============
</TABLE>


                       See Notes to Financial Statements.

                                       F3







<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                      Consolidated Statements of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                         For the Three Months Ended
                                                                                                March 31,
                                                                                           2001           2000
                                                                                           ----           ----
      <S>                                                                             <C>            <C>
    Operating Activities
       Net (loss)                                                                      $ (212,077)    $(710,196)
       Adjustments to reconcile net (loss) to
          net cash used by operating activities:
       Stock option and warrant compensation                                                    -       351,236
       Common stock issued for services                                                     4,200       297,581
       Depreciation                                                                           494             -
       Changes in operating assets and liabilities:
          Marketable securities owned, at market                                            3,428      (525,991)
          Other securities owned, at cost                                                       -        36,473
          Due from clearing broker                                                         34,135       (11,200)
          Director fees payable                                                            30,625        69,250
          Other current assets                                                            (23,992)      (65,061)
          Other assets                                                                     57,593             -
          Accounts payable and accrued expenses                                           (34,064)     (210,794)
          Commissions payable                                                              (4,143)       45,669
          Deferred compensation                                                                 -       159,500
                                                                                       ----------     ---------
       Net cash (used) by operating activities                                           (143,801)     (563,533)

    Financing Activities
       Sale of common stock                                                               175,000       681,639
       Advances to affiliates                                                               5,700        10,321
       Payments on bank loan                                                               (5,531)       (3,396)
       (Repayments) advances from stockholders                                              2,465       (98,627)
                                                                                       ----------     ---------
       Net cash provided by financing activities                                          177,634       589,937
                                                                                       ----------     ---------
       Increase (decrease) in cash                                                         33,833        26,404
       Cash at beginning of period                                                            572        23,004
                                                                                       ----------     ---------
       Cash at end of period                                                           $   34,405     $  49,408
                                                                                       ===========    =========

    Supplemental Disclosures of Cash Flow Information:
      Cash paid during year for:
         Interest                                                                      $        -    $       -
                                                                                       ===========    =========
         Income taxes                                                                  $        -    $       -
                                                                                       ===========    =========
</TABLE>

                       See Notes to Financial Statements.

                                       F4







<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 1-  ORGANIZATION AND OPERATIONS

         The Financial Commerce Network, Inc. ("TFCN") was incorporated in the
         State of Washington in July 1969 for the purpose of acquiring other
         corporations. Its wholly owned subsidiary Alexander, Wescott & Co.,
         Inc. ("ALWC"), is a broker-dealer registered with the Securities and
         Exchange Commission ("SEC"), the Commodity Futures Trading Commission
         ("CFTC") and is also a member of the National Association of Securities
         Dealers, Inc. ("NASD") and the National Futures Association ("NFA").
         ALWC's operations consist primarily of engaging in principal
         transactions and providing investment banking services. Alexander
         Wescott Securities, Ltd. ("ALWS") is a Bermuda based broker dealer.
         StockChicken.com ("SC") is a financial information website.

         Name Changes

         On May 13, 1999, the Company changed its name from Intrex to
         Intrex.com. On September 8, 1999, the Company changed its name to The
         Financial Commerce Network, Inc.

         The accompanying unaudited financial statements have been prepared by
         The Financial Commerce Network, Inc., in accordance with the rules and
         regulations of the Securities and Exchange Commission for interim
         financial statements. Accordingly, certain information and footnote
         disclosures, normally included in financial statements prepared in
         accordance with generally accepted accounting principles, have been
         condensed or omitted pursuant to such rules and regulations. In the
         opinion of management of the Company, the unaudited financial
         statements reflect all adjustments, consisting only of normal recurring
         adjustments, necessary for a fair presentation of the Company's
         financial position at March 31, 2001, its operating results for the
         three months ended March 31, 2001 and 2000, and cash flows for the
         three months ended March 31, 2001 and 2000. The balance sheet at
         December 31, 2000, has been derived from the Company's audited
         consolidated financial statements as of that date. These financial
         statements and the notes should be read in conjunction with the
         Company's audited consolidated financial statements and notes thereto
         contained in the Company's annual report on Form 10-KSB for the year
         ended December 31, 2000, filed with the Securities and Exchange
         Commission.

         The results of operations for the three months ended March 31, 2001,
         are not necessarily indicative of the results that may be expected for
         future quarters or the year ending December 31, 2001.


                                       F5









<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 1- ORGANIZATION AND OPERATIONS (continued)

         Acquisitions

         Effective March 29, 1999, Alexander, Wescott Holdings, Inc. (Holdings),
         the parent company of ALWC, entered into an agreement with TFCN. The
         agreement provided for TFCN to issue 13,500,000 shares of its common
         stock and assume liabilities of approximately $572,000, in exchange for
         all of Holdings' outstanding shares of ALWC in a transaction accounted
         for as a reverse merger. As a result, ALWC is considered, for
         accounting purposes, to be the acquiring company since the stockholders
         of ALWC acquired more than 50% of the issued and outstanding stock of
         TFCN. The accompanying consolidated financial statements give effect to
         this reverse merger.

         During the first quarter of 2000, TFCN entered into an agreement with
         Alexander Wescott International, LTD., (sole shareholder of ALWS),
         whereby TFCN would exchange 125,000 restricted shares of the Company's
         common stock in exchange for all of the issued and outstanding shares
         of ALWS. The consolidated financial statements give effect to this
         acquisition for all periods presented, as the entities were entities
         under common control, therefore, the acquisition is presented as an
         as-if pooling. The shares were issued during June 2000.

         During May 2000, TFCN entered into an agreement whereby TFCN exchanged
         200,000 restricted shares of the Company's common stock in exchange for
         all of the issued and outstanding shares of StockChicken.com and
         assumed liabilities of approximately $47,000. The shares were issued to
         the stockholders of StockChicken.com with a valuation of $2.00 per
         share. The acquisition has a "reset" provision that provides on the
         sixth month anniversary of the closing, if the price of TFCN common
         stock is below a $2.00 bid price for five consecutive trading days,
         then the selling shareholders will be given an additional number of
         TFCN common shares to offset the price. The accompanying consolidated
         financial statements reflect operations of StockChicken.com from May
         18, 2000, the closing date of the agreement, through December 31, 2000.
         In connection with this transaction, the Company recorded goodwill of
         approximately $447,704, which represents the excess value of the shares
         issued over the net assets of StockChicken.com that were acquired. for
         the period May 18, 2000, to December 31, 2000, StockChicken.com had no
         revenues. On December 1, 2000, the Company issued an additional
         1,494,924 restricted shares of the Company's common stock for the
         "reset" provision of the contract. The management of the Company
         believes that due to current economic conditions, the value of the
         goodwill has been impaired and, therefore the value of the goodwill has
         been reduced to $1,000.


                                       F6







<PAGE>


                     THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 1- ORGANIZATION AND OPERATIONS (continued)

         In June 2000, the Company issued 30,000 shares of restricted common
         stock in exchange for the domain name "Irishheritagestore.com" and all
         rights associated with any and all revenues generated from the
         arrangement with Vstore.com, the provider of the merchandise for
         Irishheritagestore.com. The restricted common stock was valued at
         $22,500. The management of the Company believes that due to current
         economic conditions, the value of the domain name has been impaired
         and, therefore the value has been reduced to $1,000.

         In August 2000, the Company issued 50,000 shares of restricted common
         stock in exchange for the rights to the domain names 500PitStop.com and
         CountryandWesternHits.com and all rights associated with and any and
         all revenue generated from the seller's agreement with Vstore.com. The
         restricted common stock was valued at $37,500. The management of the
         Company believes that due to current economic conditions, the value of
         the domain name has been impaired and, therefore the value has been
         reduced to $1,000.

         Investments

         On March 15, 2000, the Company acquired 490,196 shares of the
         Naturalist.com, 4.8% of its outstanding common stock for an investment
         of $250,000. Naturalist.com is an internet portal. As of March 31, 2001
         and December 31, 2000, the Company is carrying the investment at cost.

         Included in other current assets is approximately $145,000 due from
         Rascals International, Ltd. The amount is payable in either cash or
         shares of Rascals stock, at a valuation of $.20 per share.

         Also, in March 2000, the Company purchased an 8% interest in American
         Association of Professional Athletes, Inc. for $69,600. The investment
         was recorded at cost. However, at December 31, 2000, management of the
         Company, reduced the value of its investment to $1,000 based upon its
         estimated market value.


                                       F7







<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         Principles of Consolidation

         The consolidated financial statements include the accounts of The
         Financial Commerce Network, Inc. and its wholly-owned subsidiaries,
         Alexander, Wescott & Co. Inc., Alexander Wescott Securities since
         inception and Stockchicken.com since May 18, 2000 (collectively, the
         "Company"). All significant intercompany transactions and balances have
         been eliminated in consolidation.

         Cash and Cash Equivalents

         The Company considers money market accounts to be cash equivalents.

         Office Equipment

         Office equipment is stated at cost less accumulated depreciation. The
         Company provides for depreciation using the straight-line method over
         an estimated useful life of 6 years.

         Securities Transactions

         Securities transactions and the related revenues and expenses are
         recorded on the trade-date basis.

         Investment Banking Revenues

         Investment banking revenues are recorded in accordance with the terms
         of the investment banking agreements.

         Marketable Securities Owned

         Marketable securities owned consist of equity securities and money
         market funds that are valued at market.

         Other Securities Owned

         Other securities owned, at fair value consist of restricted equity
         securities and warrants received in connection with investment banking
         services, that are recorded at fair value which is determined by
         Management.


                                       F8








<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

         Goodwill

         Goodwill represents the excess of acquisition costs over the fair
         market value of the net assets of acquired businesses. TFCN's policy is
         to periodically review the value assigned to goodwill to determine if
         it has been permanently impaired by adverse conditions which might
         affect TCFN.

         Earnings (Loss) Per Common Share

         The Company reports earnings (loss) per share in accordance with SFAS
         No. 128, "Earnings Per Share", which requires the reporting of both
         basic and diluted earnings per share. Net income per share-basic is
         computed by dividing income available to common shareholders by the
         weighted average number of common shares outstanding for the period.
         Shares issuable under stock warrants are excluded from computations as
         their effect is antidilutive.

         Income Taxes

         The Company complies with Statement of Financial Accounting Standards
         No. 109 ("SFAS 109"), "Accounting for Income Taxes". SFAS 109 requires
         the recognition of deferred tax assets and liabilities for both the
         expected future tax impact of differences between the financial
         statement and tax basis of assets and liabilities, and for the expected
         future tax benefit to be derived from tax loss carryforwards. Valuation
         allowances are established, when necessary, to reduce deferred tax
         assets to the amount expected to be realized.

         Use of Estimates

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


                                       F9








<PAGE>

                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 3- GOING CONCERN MATTERS

         The accompanying 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. For the
         quarter ended March 31, 2001, the Company incurred a loss from
         operations of approximately $212,000. The financial statements for the
         years ended December 31, 2000 and 1999, the Company incurred losses
         from operations of approximately $2,987,000 and $4,735,000
         respectively, exclusive of charges for (1) stock based compensation and
         consulting fee of approximately $717,000 and $26,784,000, respectively
         (2) impairment of assets of approximately $598,000 in 2000 and
         generated negative cash flows from operations of approximately $836,000
         and $2,478,000 respectively.

         These losses resulted primarily from the Company establishing itself as
         a reporting public company, developing an Internet portal, and building
         an infrastructure. In order to effectuate the foregoing, key revenue
         producers employed by ALWC were heavily involved and were, therefore,
         limited in the time they were able to devote to generating revenues
         during the year. Toward the end of 1999 and during 2000, having
         completed establishing itself as a public company, the Company began
         addressing its operations and substantially reduced costs through staff
         reductions and office consolidations. For the quarter ended March 31,
         2001, and the year ended December 31, 2000, the Company raised
         approximately $175,000 and $1,140,000, respectively, through private
         placements.

         The financial statements do not include any adjustments relating to the
         recoverability and classification of liabilities that might be
         necessary should the Company be unable to continue as a going concern.
         Management believes that the Company will continue as a going concern
         because it has the ability to extend the loans and obtain additional
         loans from its major shareholder. As a result the Company will have
         sufficient cash to operate for the next twelve months. The Company is
         also actively pursuing additional equity financing through stock sales
         and when necessary management has loaned money to the Company for
         working capital.

Note 4- NET CAPITAL REQUIREMENT

         ALWC, as a member of the NASD, is subject to the SEC Uniform Net
         Capital Rule 15c3-1. This rule requires the maintenance of minimum net
         capital and that the ratio of aggregate indebtedness to net capital,
         both as defined, shall not exceed 15 to 1 and that equity capital may
         not be withdrawn, or cash dividends paid, if the resulting net capital
         ratio would exceed 10 to 1. ALWC is also subject to the CFTC's minimum
         financial requirements which require that ALWC maintain net capital, as
         defined, equal to the greater of its requirements under Regulation 1.17
         under the Commodity Exchange Act or Rule 15c3-1. At March 31, 2001,
         ALWC's net capital was approximately $124,000, which was approximately
         $24,000 in excess of its minimum requirement of $100,000.


                                       F10








<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 5- CONVERTIBLE NOTES PAYABLE

         In November 2000, the Company issued $100,000 in convertible notes for
         $100,000. The notes are convertible into common stock at a price of
         $0.10 per share. In January 2001, the notes were converted into
         1,000,000 shares of the Company's common stock.

         At December 31, 2000, the following convertible notes payable were
         outstanding:

<TABLE>
        <S>                                                            <C>
         Note payable due February 16, 2001, 0% interest                $  100,000
                                                                        ===========
</TABLE>

Note 6- BANK LOAN PAYABLE

         The bank loan is a variable rate Commercial Promissory Note, with an
         interest rate of 2% over the Prime Rate as published in the Wall Street
         Journal (9.5% at December 31, 2000 and 8.5% at December 31, 1999). The
         loan is repayable in 60 monthly payments of principal and interest
         through October 2002. The loan is collateralized by certain of the
         Company's assets and is guaranteed by one of the officers of the
         Company.

Note 7- COMMON STOCK

         During January 2000, the Company authorized the issuance of 1,010,000
         shares of common stock to certain employees of the Company. These
         shares will vest over a period of one year commencing January 1, 2000,
         provided the employees remain with the Company until December 31, 2000.
         The accompanying consolidated financial statements include compensation
         expense of approximately $491,000 related to those shares for the year
         ended December 31, 2000. The shares were issued in May 2000. 810,000
         shares have been forfeited to date and the weighted average per share
         amounts give effect to these forfeitures as though the shares were
         never issued.

         During February and March 2000, the Company sold 1,440,000 shares of
         its common stock for $0.50 per share for gross proceeds of $720,000 in
         a Private Placement.

         During May 2000, the Company issued 13,500 shares of common stock for
         professional services valued at $12,997.

         In July 2000, the Company issued 50,000 shares of restricted common
         stock in settlement of a legal matter that has been charged to
         operations in the accompanying consolidated financial statements.


                                       F11








<PAGE>

                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 7- COMMON STOCK (continued)

         During August and September 2000, the Company sold 1,552,500 shares of
         its common stock for $0.20 per share for gross proceeds of $310,500 in
         a Private Placement.

         In November 2000, the Company sold 1,000,000 shares of common stock for
         a subscription receivable of $100,000, or $0.10 per share. Due to a
         drop in the share price of the Company's stock, the buyer has defaulted
         on his subscription and has asked the Company to renegotiate the
         subscription price to $0.025 per share or $25,000. The Company's
         management has agreed to accept the reduced price but it has not yet
         been paid. If the amount is not paid by May 15, 2001, the Company will
         cancel the certificate for the 1,000,000 shares.

         In December 1999, the Company issued 260,000 shares of common stock,
         which vest over one year, to a consultant that will represent the
         Company in Geneva, Switzerland. In addition, the agreement provides for
         the payment of commissions based on his sales. In October 2000, the
         Company issued an additional 50,000 shares of common stock to the same
         consultant for commissions valued at $10,000.

         In January 2001, the Company issued 1,000,000 shares of restricted
         common stock in conversion of a $100,000 convertible note at $0.10 per
         share.

         In February 2001, the Company accepted from a former employee of ALWC
         an exchange of 500,000 shares of the Company's common stock to satisfy
         a $17,000 liability he owed the Company.

         In February 2001, the Company authorized the issuance of 2,000,000
         shares of common stock to be awarded to employees and directors
         quarterly.

         In February 2001, the Company sold 2,000,000 shares of common stock in
         a private placement for gross proceeds of $50,000.


                                       F12







<PAGE>


                      THE FINANCIAL COMMERCE NETWORK, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2001

Note 7- COMMON STOCK (continued)

         In February 2001, the Company entered into an understanding with a
         closed broker dealer (the "BD") to acquire all of the outstanding
         capital stock of the BD based on certain conditions as defined in the
         letter of understanding. The Company has also entered into an agreement
         with the BD whereby the Company will acquire the accounts of the BD for
         the payment of twenty two percent (22%) of a year's commissions
         received by the Company relating to the acquired accounts (subject to
         additional terms of the agreement) and 1,000,000 shares of the
         Company's common stock to be paid upon the value of the accounts
         acquired having an aggregate asset value in excess of $13,000,000. An
         additional 1,000,000 shares of common stock can be issued if the
         accounts generate $2,000,000 in commissions and is payable at the rate
         of 250,000 common shares for each additional $500,000 in commission
         revenue generated.

         In February 2001, the Company agreed to issue 408,000 shares of common
         stock of the Company to affiliates of Richard H. Bach, a principal
         stockholder and the Chairman of the Board and Chief Executive Officer
         of the Company, in exchange for $10,200 of recently made loans. On
         February 9, 2001, the Company agreed to convert $250,000 of the
         Company's deferred salary obligation to Mr. Bach into 8,333,333 shares
         of common stock. None of the shares issuable to Mr. Bach or any of his
         affiliates in exchange for debt or deferred salary obligations have yet
         been issued. Mr. Bach has agreed that the Company can defer the
         issuance of any portion of such shares, and he has agreed not to
         exercise his options, if the Company does not have an adequate number
         of authorized shares available.

         In March 2001, the Company sold 1,000,000 shares of common stock in a
         private placement for gross proceeds of $25,000.

         The Company issued 140,000 shares of restricted common stock for
         services rendered during the first quarter of 2001 for $4,200.


                                       F13







<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

         Our core business is securities brokerage and investment banking. Since
January 1, 2001, we have added 14 registered representatives, many of whom came
from securities brokerage firms that have gone out of business in the market
downturn that began in 2000 and has continued into 2001. We have also entered
into an agreement for the transfer to us of accounts of a recently closed
brokerage firm. We are continuing to review accounts and interview registered
representatives of securities brokerage firms that are closing with the
intention of entering into agreements for the transfer to us of such accounts or
the hiring of such registered representatives. We provide our brokerage clients
with an online trading capability in securities and commodities. We are also
continuing to review other companies for potential acquisitions, although we do
not presently intend to initiate an acquisition because of the relatively low
value of our shares and our financial position. Accordingly, we intend to
concentrate our efforts on increasing the revenues of our brokerage and
investment banking businesses. We also seek to raise additional capital to
alleviate our working capital deficit, although we may not be able to do so.

         As at March 31, 2001, $1,805,425 of our liabilities consisted of
obligations to Richard Bach, our principal stockholder, Chief Executive Officer
and Chairman of the Board, and to Ara Proudian, our former president, of which
$916,000 consisted of deferred compensation to Mr. Bach, $175,000 consisted of
deferred compensation to Mr. Proudian, $239,123 consisted of the balance due on
loans from and payable to Mr. Bach and $475,302 consisted of the balance due on
loans from other stockholders. If all such liabilities are excluded, our working
capital deficit as of March 31, 2001 would be reduced to $441,008 and if such
liabilities were converted to capital, we would have a stockholders' deficit of
$820,218.

         Except for historical information, the materials contained in this
Management's Discussion and Analysis is forward-looking (within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act) and involve a number of risks and uncertainties. The first is that
our accountants, who have reviewed the financial statements included in this
report, have expressed substantial doubt about whether we can continue as a
going concern due to our working capital deficit, accumulated losses and
stockholders' deficit. Unless we can raise additional capital, attain future
profitable operations, increase revenues, reduce expenses, and obtain relief
from the obligations to our principal stockholder and chief executive officer,
our financial condition and our results of operations and cash flows are likely
to be materially adversely affected, and we may have to curtail operations.
Other risks include the periodic downturns in our principal business sector,
securities brokerage and investment banking, reductions in our broker-dealer's
net capital that could compel us to curtail our operations, intense price
competition in the brokerage business, the lack of predictability of investment
banking income for a small brokerage firm, competition for customers in the
investment banking business with companies that have an extensive international
research and sales capability, our history of losses, turnover in our
management, the absence of a permanent chief financial officer, the large number
of outstanding options and other convertible securities that will substantially
dilute our earnings if we become profitable, and the substantial number of
unregistered shares that we are required to register, which if registered and
sold in the market could materially adversely effect the trading price for our
common stock.


                                        1







<PAGE>


         Although forward-looking statements in this report reflect the good
faith judgment of our management, such statements can only be based on facts and
factors currently known by them. Consequently, forward-looking statements are
inherently subject to risks and uncertainties, including the risks and
uncertainties listed above, and actual results and outcomes may differ
materially from the results and outcomes discussed in the forward-looking
statements. You are urged to carefully review and consider the various
disclosures we have made in this report. This report attempts to advise
interested parties of the factors that may affect our business, financial
condition and results of operations and prospects and the resulting risks. The
forward-looking statements made in this report speak only as of the date of this
report, and we disclaim any obligation to provide updates, revisions or
amendments to any forward-looking statements made in this report to reflect
changes in our expectations or future events.

         RESULTS OF OPERATIONS

         During the first quarter of 2000, we entered into an agreement with
Alexander Wescott International, LTD., pursuant to which we exchanged 125,000
restricted shares of our common stock in exchange for all of the issued and
outstanding shares of Alexander Wescott Securities, Ltd., a Bermuda
broker-dealer. The consolidated financial statements give effect to this
acquisition for all periods presented, because we and Alexander Wescott
Securities were entities under common control, as an as-if pooling.

         During the second quarter of 2000, we acquired StockChicken.com, Inc.
We have determined that the goodwill attributable to our investment in
Stockchicken.com has become impaired and accordingly, we have reduced its value
to $1,000. In June and August 2000, we acquired two additional domain names in
exchange for an aggregate of 80,000 shares and the right to receive a share of
the revenues generated from the sales of merchandise at the related websites
pursuant to the arrangements with Vstore.com. Any revenues and expenses
associated with these acquisitions are reflected in our financial statements
commencing on the respective dates of the acquisitions. There were no revenues
or expenses associated with the Stockchicken.com and domain name acquisitions
for the three months ended March 31, 2001.

         THREE MONTHS ENDED MARCH 31, 2001 AND 2000

         NET LOSSES

         For the three months ended March 31, 2001 and 2000, we incurred a net
loss of $239,977 and $740,092, respectively.

         REVENUE

         For the three months ended March 31, 2001, we recorded revenue of
$86,409 as compared to $914,301 for the three months ended March 31, 2000.

         Our revenues are principally composed of ALWC's trading, commission and
investment banking revenues. During the three months ended March 31, 2001,
ALWC's trading and commission revenue was $55,733 and revenue from investment
banking was $4,000. During the three months ended March 31, 2000, ALWC's trading
and commission revenue was $871,882 and revenue from investment banking was
$23,669. The decrease in trading and commission revenues was primarily due to
market volatility. In addition to revenues from trading, commissions, investment
banking and interest income, we had other revenues of $24,390 for the three
months ended March 31, 2001 as compared to other revenues of $13,125 for the
three months ended March 31, 2000.


                                        2







<PAGE>


         EXPENSES

         General and Administrative Expenses.

         General and administrative expenses consist primarily of employee
compensation and benefits, stock option and warrant compensation, professional
fees and consulting services. We attribute significant costs to becoming a
reporting public company. This status has and will continue to increase audit
and legal costs significantly. In relation to becoming a public company, the
cost of corporate relations will also increase as periodic reports and other
investor information is required. We anticipate that general and administrative
expenses (as a percentage of costs) will decline if our operations expand.

         General and administrative expenses decreased to $295,155, for the
three months ended March 31, 2001, from $1,273,261, excluding stock option and
warrant compensation of $351,236, for the three months ended March 31, 2000.
This decrease of $978,106 (77%), was mainly due to a decrease in employee
compensation and benefits.

         Since December 31, 2000, we have hired an additional 18 brokers, and we
anticipate hiring additional brokers to continue expanding our operations.
These additional brokers are paid based solely upon commissions. In addition, we
have hired an additional two administrative employees to assist the additional
brokers, and we anticipate hiring up to an additional two administrative
employees within the next several weeks for the same purpose.

         LIQUIDITY AND CAPITAL RESOURCES

         At March 31, 2001, we had current assets of $492,991 and current
liabilities of $2,083,424, resulting in a working capital deficit of $1,590,433.
As discussed above, because of this deficit together with our substantial
accumulated losses and stockholders' deficit, our accountants have expressed
substantial doubt about whether we can continue as a going concern. Unless we
raise additional capital, attain future profitable operations, increase
revenues, reduce expenses and obtain relief from our obligations to our
principal stockholder and our former president, our financial condition and our
results of operations and cash flows are likely to be materially affected, and
we may have to curtail operations.

         During the three months ended March 31, 2001, we used cash for
operating activities of approximately $143,801 compared to the three months
ended March 31, 2000 of approximately $563,533. Cash used for operations for the
three months ended March 31, 2001, resulted from our net loss of approximately
$212,077, of which approximately $4,694 was a non-cash loss. Cash used for
operations for the three months ended March 31, 2000 resulted from our net loss
of approximately $710,196, of which approximately $380,994 was a non-cash loss.

         During the three months ended March 31, 2001, we generated cash from
financing activities of approximately $177,634 compared to approximately
$589,937 for the three months ended March 31, 2000. The cash generated during
the three months ended March 31, 2001, was attributable to the sales of common
stock and advances from stockholders. The cash generated during the three months
ended March 31, 2000, was attributable to the sale of common stock net of
repayments of stockholder loans.


                                        3







<PAGE>


         We require capital resources substantially greater than those currently
available to us to continue operations and restore profitability. We intend to
seek additional debt or equity financing to fund the cost of such continuation
of operations, but additional financing may not be available. If neither
additional debt nor equity financing is available, we may seek short-term loans.
In addition, we may seek a strategic alliance with another company that would
provide us capital, although we may not find such a strategic partner.

         To the extent that we finance our operations through the issuance of
additional equity securities, any such issuance will result in dilution of the
interests of our stockholders. In addition, to the extent that we incur
indebtedness or issue debt securities to finance our operations, we will be
subject to all of the risks associated with incurring substantial indebtedness,
including the risks that interest rates may fluctuate and cash flow may be
insufficient to pay the principal of, and interest on, any such indebtedness.


                                        4







<PAGE>


PART II OTHER INFORMATION

Item 1. Legal Proceedings

         The Financial Commerce Network or ALWC is a defendant in each of the
following legal proceedings.

         Blank Rome Tenzer Greenblatt LLP v. Alexander, Wescott & Co., Inc. et
al. (Complaint filed on October 17, 2000 in the Supreme Court of the State of
New York, New York County). This is an action to recover attorneys fees and
related disbursements. Plaintiff is seeking an amount of approximately $202,500.
ALWC asserts that approximately $76,500 of the total amount are for services
rendered to our investment banking prospect client and are not payable by us.
The discovery phase has not yet begun in this litigation.

         I.R. International Consultants, Inc. has served ALWC with a Summons and
Complaint dated February 29, 2001 in the District Court of the State of New
York, First District, County of Nassau, alleging $24,627.60 is due to it for
investor relations and advertising services performed for ALWC in May and June
2000. Our special counsel is reviewing the complaint and gathering the relevant
facts in order to determine our defenses, if any.

         OM Technology, Inc. v. The Financial Commerce Network, Inc. (Complaint
filed in the Supreme Court of New York, County of New York, on April 10, 2000).
OM Technology seeks payment of an account stated of approximately $750,000 and
damages of $1,500,000. We had contracted with OM Technology for development of
an online trading platform. We contend that the plaintiff did not have suitable
software and could not provide the necessary software for the trading facility
within the agreed upon time frame, thus causing us irreparable damage. We never
used any of OM Technology's software or equipment in our online operation. This
litigation is presently in the discovery phase.

         Sharp Decisions, Inc. v. The Financial Commerce Network, Inc.
(Complaint filed April 4, 2000 in the Supreme Court of the State of New York,
County of New York). Plaintiff alleges breach of contract for services rendered
and is seeking fees payable of approximately $39,500 plus interest. Plaintiff
asserts that it was retained from August 1999 through November 1999 to provide
personnel to perform computer consulting services for us. We have asserted the
defenses that the services provided were insufficient for the amount billed and
that the computer professionals provided by plaintiff performed work that was
not requested by us. This litigation is presently in the discovery phase.

         Walsh-Lowe Constantin Group, LLC. v. TFCN Alexander, Wescott (Complaint
filed on May 16, 2000 in the Supreme Court of the State of New York, County of
New York). Plaintiff claims breach of contract in regard to the services
provided during the fall of 1999 by its project management and consulting
engineers in connection with our website infrastructure. Plaintiff is seeking
payment of approximately $27,000 for hours billed and invoiced but not paid. We
have asserted that the amount billed is overstated due to the minimal amount of
services provided. This litigation is presently in the discovery phase.

         In March 2001, we settled the Todd Nisbet v. The Financial Commerce
Network, Inc. litigation (Complaint filed February 9, 2000 in Superior Court of
New Jersey Law Division: Essex County). Plaintiff was employed as our chief
operating officer under an employment agreement dated June 22, 1999. Mr. Nisbet
sought damages of $150,000 based on alleged breach of contract and other related
claims. We asserted that in the fall of 1999, we offered Mr.


                                        5







<PAGE>


Nisbet another position with the Company because our Board of Directors felt he
was unable to fulfill his duties as chief operating officer, but the offer was
declined. Mr. Nisbet left our employ in November 1999. Under the settlement, we
are paying Mr. Nisbet $75,000 in 18 equal consecutive monthly installments.

         In May 2001, the Douglas G. Zimmer v. Alexander, Wescott & Co., Inc.
arbitration was decided (Arbitration before the NASD instituted in June 19,
2000). Mr. Zimmer is a former securities salesman of ALWC. The complaint, which
alleged improper termination in July 1998 and defamatory statements by us in our
reports to the NASD, sought approximately $23,000 in damages. We alleged that
Mr. Zimmer improperly sold securities to a client. Mr. Zimmer disclaimed
responsibility for the sale. The subsequent cancellation of the trade caused a
loss to us of approximately $12,235. We subsequently terminated Mr. Zimmer's
employment and retained any commissions owed to him to offset the loss. The
arbitrator awarded Mr. Zimmer $8,236.96 in compensatory damages plus interest at
the rate of 9% per annum for the period from August 1, 1998 through April 30,
2001. In addition, ALWC was ordered to file a new NASD report and to state that
the reason for Mr. Zimmer's termination was "voluntary."

Item 2. Changes in Securities and Use of Proceeds

         Set forth below are descriptions of our issuances of shares of common
stock that were not registered under the Securities Act of 1933 (the "Act") that
we issued during the fiscal quarter ended March 31, 2001, and the commitments to
issue shares entered into during such quarter.

         In January 30, 2001 we issued 1,000,000 shares of common stock to an
accredited investor in exchange for an outstanding convertible note in the
amount of $100,000, which note was issued in a transaction that was exempt from
registration pursuant to Rule 506. The exchange was exempt from registration
pursuant to Section 3(a)(9) of the Securities Act.

         In February 2001, we agreed to issue up to 2,000,000 shares of common
stock in connection with the transfer to us of the accounts of a closed
broker-dealer. As of the date of this report, no shares have been issued. The
sale and issuance of shares is exempt from registration pursuant to Section 4(2)
of the Securities Act.

         In February 2001, we sold 2,000,000 shares of common stock to an
accredited investor for an aggregate of $50,000. The sale was exempt from
registration pursuant to Rule 506.

         In February 2001, we agreed to issue 408,000 shares of common stock to
affiliates of Richard Bach, a principal stockholder and our Chairman and Chief
Executive Officer, in exchange for $10,200 of recently made loans. On February
9, 2001, we agreed to convert $250,000 of our deferred salary obligation to Mr.
Bach into 8,333,333 shares of common stock. As of the date of this report, none
of the shares issuable to Mr. Bach or any of his affiliates in exchange for debt
or deferred salary obligations had been issued. Mr. Bach has agreed that we can
defer the issuance of any portion of such shares, and he has agreed not to
exercise his options, if we do not have an adequate number of authorized shares
available.

         In March 2001, we sold 1,000,000 shares of common stock to an
accredited investor for an aggregate of $25,000. The sale was exempt from
registration pursuant to Rule 506.


                                        6







<PAGE>


Item 6. Exhibits and Report on Form 8-K

(a)      Exhibits

<TABLE>
<CAPTION>
EXHIBIT NO.                DESCRIPTION

<S>      <C>
3.1      Articles of Incorporation of The Financial Commerce Network, Inc.,
         f/k/a Intrex.com, Inc. and Amended Articles. (1)

3.2      By-laws of The Financial Commerce Network, Inc., f/k/a Intrex.com,
         Inc. (1)

4.1      Certificate of Designations, Preferences and Rights of Series A
         Convertible Preferred Stock of The Financial Commerce Network,
         Inc., f/k/a Intrex.com, Inc. (1)

10.1     First Southwest Company Clearing Agreement (2)

10.2     Resignation Agreement signed on or about October 27, 2000 between
         Richard H. Bach and The Financial Commerce Network, Inc.,
         including the Amendment dated November 29, 2000.(3)

21.      Subsidiaries of the Registrant (4)

22.      Consents (2)
</TABLE>

-------------------------

(1)      Incorporated by reference from the Form 10-SB filed by the company on
         November 5, 1999 and amended on January 7 and February 15, 2000.

(2)      Incorporated by reference from the Annual Report on Form 10-KSB for the
         year ended December 31, 1999.

(3)      Incorporated by reference from the Quarterly Report on Form 10-QSB for
         the period ended September 30, 2000.

(4)      Incorporated by reference from the Annual Report on Form 10-KSB
         for the year ended December 31, 2000.

(b)      Reports on Form 8-K.

         On April 3, 2001, the Company filed a Current Report on Form 8-K
pursuant to "Item 4. Change in Registrant's Certifying Accountant," and amended
such report on April 30, 2001.


                                        7



<PAGE>


                                   SIGNATURES

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

                                       THE FINANCIAL COMMERCE NETWORK, INC.
                                       Registrant

                                       By:   /s/ Michael S. Segal
                                          ---------------------------------
                                             Michael S. Segal
                                             Secretary
                                             (principal financial officer)

                                       Date: May 15, 2001

                                        8